NPORT-EX 2 NPORT_2I14_59561739_0325.htm EDGAR HTML
March 31, 2025 
2025 Quarterly Report
(Unaudited)
 
BlackRock Income Trust, Inc. (BKT)
 
Not FDIC Insured • May Lose Value • No Bank Guarantee
Schedule of Investments (unaudited)
March 31, 2025
BlackRock Income Trust, Inc. (BKT)
(Percentages shown are based on Net Assets)

 
Security
 
Par
(000)
Value
Asset-Backed Securities
Sterling COOFS Trust(a)
 
Series 2004-1, Class A, 2.36%, 04/15/29
$
436
$ —
Series 2004-2, Class Note, 2.08%, 03/30/30(b)
 
182
—
Total Asset-Backed Securities — 0.0%
(Cost: $46,739)
—
Non-Agency Mortgage-Backed Securities
Collateralized Mortgage Obligations(b) — 0.9%
Bravo Residential Funding Trust, Series 2021-NQM1,
Class A1, 0.94%, 02/25/49(c)
 
34
31,117
Chase Home Lending Mortgage Trust, Series 2019-
ATR1, Class A12, 6.50%, 04/25/49(c)
 
29
28,674
COLT Mortgage Loan Trust
 
Series 2022-1, Class A1, 4.55%, 04/25/67(c)
 
84
83,720
Series 2022-2, Class A1, 2.99%, 02/25/67
 
101
95,236
Series 2022-7, Class A1, 5.16%, 04/25/67
 
167
166,517
CSMC, Series 2022-ATH1, Class A1A, 2.87%,
01/25/67(c)
 
94
89,647
Ellington Financial Mortgage Trust, Series 2022-1,
Class A1, 2.21%, 01/25/67(c)
 
202
175,369
Flagstar Mortgage Trust, Series 2021-4, Class A1,
2.50%, 06/01/51(c)
 
159
129,568
GS Mortgage-Backed Securities Corp. Trust, Series 2022-
PJ2, Class A4, 2.50%, 06/25/52(c)
 
80
65,597
GS Mortgage-Backed Securities Trust, Series 2021-PJ2,
Class A2, 2.50%, 11/25/51(c)
 
77
62,557
Homes Trust, Series 2024-NQM2, Class A1, 5.72%,
10/25/69
 
92
91,908
JP Morgan Mortgage Trust(c)
 
Series 2022-DSC1, Class A1, 4.75%, 01/25/63
 
95
92,815
Series 2022-INV3, Class A3B, 3.00%, 09/25/52
 
79
67,374
Mello Mortgage Capital Acceptance, Series 2022-INV2,
Class A3, 3.00%, 04/25/52(c)
 
83
70,188
MFA Trust, Series 2020-NQM1, Class A1, 2.48%,
03/25/65(c)
 
39
37,378
OBX Trust, Series 2022-INC3, Class A1, 3.00%,
02/25/52(c)
 
81
69,049
PMT Loan Trust, Series 2024-INV1, Class A3, 5.50%,
10/25/59(c)
 
146
144,597
Provident Funding Mortgage Trust, Series 2024-1,
Class A1, 5.50%, 12/25/54(c)
 
143
141,603
RCKT Mortgage Trust, Series 2022-2, Class A1, 3.00%,
02/25/52(c)
 
80
68,210
Sequoia Mortgage Trust, Series 2024-INV1, Class A3,
5.50%, 10/25/54(c)
 
187
184,736
STAR Trust, Series 2021-1, Class M1, 2.36%,
05/25/65(c)
 
200
172,439
TRK Trust, Series 2021-INV2, Class A1, 1.97%,
11/25/56(c)
 
109
95,867
Verus Securitization Trust
 
Series 2022-1, Class A1, 2.72%, 01/25/67
 
74
68,514
Series 2022-3, Class A1, 4.13%, 02/25/67
 
286
270,226
Series 2022-7, Class A1, 5.15%, 07/25/67
 
111
110,254
Series 2024-6, Class A1, 5.80%, 07/25/69
 
131
131,660
 
 
2,744,820
Commercial Mortgage-Backed Securities — 1.8%
BAMLL Trust, Series 2024-BHP, Class A, (1 mo. Term
SOFR + 2.35%), 6.67%, 08/15/39(b)(c)
 
135
135,175
Security
 
Par
(000)
Value
Commercial Mortgage-Backed Securities (continued)
BBCMS Mortgage Trust, Series 2018-TALL, Class A,
(1 mo. Term SOFR + 0.92%), 5.24%, 03/15/37(b)(c)
$
190
$ 180,043
BLP Commercial Mortgage Trust, Series 2023-IND,
Class A, (1 mo. Term SOFR + 1.69%), 6.01%,
03/15/40(b)(c)
 
500
497,036
BX Commercial Mortgage Trust, Series 2024-GPA3,
Class A, (1 mo. Term SOFR + 1.29%), 5.61%,
12/15/39(b)(c)
 
216
215,135
BX Trust, Series 2024-VLT4, Class A, (1 mo. Term SOFR
+ 1.49%), 5.81%, 07/15/29(b)(c)
 
105
104,475
Citigroup Commercial Mortgage Trust, Series 2023,
Class A, 5.82%, 10/12/40(b)(c)
 
340
347,185
CSAIL Commercial Mortgage Trust, Series 2018-C14,
Class XA, 0.51%, 11/15/51(c)
 
1,898
29,365
CSRO Trust, Series 2023, Class A, 7.12%, 07/10/40
 
177
185,181
GS Mortgage Securities Corp. Trust(b)(c)
 
Series 2022-ECI, Class A, (1 mo. Term SOFR +
2.19%), 6.51%, 08/15/39
 
560
560,000
Series 2023-FUN, Class A, (1 mo. Term SOFR +
2.09%), 6.41%, 03/15/28
 
280
280,000
Hudson Yards Mortgage Trust, Series 2025-SPRL,
Class A, 5.47%, 01/13/40(b)(c)
 
460
467,992
INV Mortgage Trust, Series 2025-STAY, Class A, (1 mo.
Term SOFR + 1.35%), 5.65%, 03/15/42(b)(c)
 
510
506,175
JP Morgan Chase Commercial Mortgage Securities
Trust, Series 2025-BHR5, Class A, (1 mo. Term SOFR
+ 1.69%), 5.99%, 03/15/40(b)(c)
 
203
201,478
KSL Commercial Mortgage Trust, Series 2024-HT2,
Class A, (1 mo. Term SOFR + 1.54%), 5.86%,
12/15/39(b)(c)
 
160
159,800
MIRA Trust, Series 2023, Class A, 6.75%, 06/10/38(b)
 
569
594,407
Wells Fargo Commercial Mortgage Trust(c)
 
Series 2018-AUS, Class A, 4.06%, 08/17/36(b)
 
583
565,708
Series 2018-C44, Class XA, 0.70%, 05/15/51
 
4,634
83,852
 
 
5,113,007
Interest Only Collateralized Mortgage Obligations — 0.0%
CitiMortgage Alternative Loan Trust, Series 2007-A5,
Class 1A7, 6.00%, 05/25/37
 
109
18,499
IndyMac INDX Mortgage Loan Trust, Series 2006-AR33,
Class 4AX, 0.17%, 01/25/37(a)
 
16,919
2
 
 
18,501
Principal Only Collateralized Mortgage Obligations(d) — 0.0%
Residential Asset Securitization Trust, Series 2005-A15,
Class 1A8, 0.00%, 02/25/36
 
82
57,973
Washington Mutual Mortgage Pass-Through Certificates
Trust, Series 2005-9, Class CP, 0.01%, 11/25/35
 
44
24,759
 
 
82,732
Total Non-Agency Mortgage-Backed Securities — 2.7%
(Cost: $8,064,907)
7,959,060
U.S. Government Sponsored Agency Securities
Agency Obligations — 4.0%
Federal Farm Credit Banks Funding Corp.
 
2.75%, 02/22/30
 
400
373,816
1.84%, 01/25/36
 
500
380,811
1
Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Income Trust, Inc. (BKT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Agency Obligations (continued)
Federal Home Loan Banks, 1.61%, 01/27/33
$
300
$ 241,521
Resolution Funding Corp. Principal Strip, 0.00%,
04/15/30(e)
 
13,000
10,546,473
 
 
11,542,621
Collateralized Mortgage Obligations — 58.8%
Fannie Mae, Series 2024-83, Class FA, (30-day Avg
SOFR + 1.15%), 5.49%, 10/25/54(c)
 
892
889,604
Fannie Mae REMICS
 
Series 2004-31, Class ZG, 7.50%, 05/25/34
 
1,429
1,537,785
Series 2005-73, Class DS, (30-day Avg SOFR +
17.25%), 5.97%, 08/25/35(c)
 
22
22,354
Series 2010-134, Class DB, 4.50%, 12/25/40
 
4,922
4,902,986
Series 2010-136, Class CY, 4.00%, 12/25/40
 
2,453
2,390,087
Series 2010-47, Class JB, 5.00%, 05/25/30
 
1,167
1,178,900
Series 2011-117, Class CP, 4.00%, 11/25/41
 
14,351
13,704,586
Series 2011-8, Class ZA, 4.00%, 02/25/41
 
3,204
3,073,351
Series 2011-99, Class CB, 4.50%, 10/25/41
 
24,004
23,931,798
Series 2012-104, Class QD, 4.00%, 09/25/42
 
1,639
1,477,672
Series 2013-81, Class YK, 4.00%, 08/25/43
 
7,000
6,439,425
Series 2017-90, Class WB, 3.00%, 11/25/47
 
433
347,678
Series 2018-32, Class PS, (30-day Avg SOFR +
7.10%), 2.04%, 05/25/48(c)
 
3,619
3,165,186
Series 2018-50, Class EB, 4.00%, 07/25/48
 
2,001
1,942,826
Series 2020-57, Class LI, 2.00%, 08/25/50
 
5,500
4,002,796
Series 2020-79, Class JA, 1.50%, 11/25/50
 
186
168,719
Series 2022-25, Class KL, 4.00%, 05/25/52
 
1,000
906,031
Series 2022-31, Class BZ, 4.00%, 10/25/51
 
739
633,983
Series 2023-56, Class FA, (30-day Avg SOFR +
1.40%), 5.74%, 11/25/53(c)
 
614
619,240
Series 2024-48, Class FC, (30-day Avg SOFR +
1.10%), 5.44%, 07/25/54(c)
 
676
677,476
Series 2024-54, Class FD, (30-day Avg SOFR +
1.25%), 5.59%, 08/25/54(c)
 
562
564,924
Series 5443, Class FA, (30-day Avg SOFR + 1.20%),
5.54%, 08/25/54(c)
 
784
786,721
Series 5444, Class FC, (30-day Avg SOFR + 1.12%),
5.46%, 08/25/54(c)
 
2,249
2,253,975
Freddie Mac REMICS
 
Series 2218, Class Z, 8.50%, 03/15/30
 
132
139,183
Series 2731, Class ZA, 4.50%, 01/15/34
 
996
994,275
Series 2927, Class BZ, 5.50%, 02/15/35
 
904
929,160
Series 3745, Class ZA, 4.00%, 10/15/40
 
1,249
1,192,252
Series 3762, Class LN, 4.00%, 11/15/40
 
2,000
1,890,053
Series 3780, Class ZA, 4.00%, 12/15/40
 
2,968
2,812,490
Series 3856, Class PB, 5.00%, 05/15/41
 
5,394
5,517,173
Series 3963, Class JB, 4.50%, 11/15/41
 
417
416,229
Series 4016, Class BX, 4.00%, 09/15/41
 
14,602
13,989,789
Series 4269, Class PM, 4.00%, 08/15/41
 
8,884
8,219,466
Series 4299, Class JY, 4.00%, 01/15/44
 
1,000
941,437
Series 4384, Class LB, 3.50%, 08/15/43
 
2,929
2,857,593
Series 4398, Class ZX, 4.00%, 09/15/54
 
379
341,744
Series 4615, Class LB, 4.50%, 09/15/41
 
6,620
6,561,397
Series 4748, Class BM, 3.50%, 11/15/47
 
3,351
2,860,040
Series 4774, Class L, 4.50%, 03/15/48
 
4,449
4,295,799
Series 4830, Class AV, 4.00%, 10/15/33
 
1,069
993,903
Series 4921, Class NL, 3.00%, 10/25/49
 
504
353,747
Series 5230, Class DL, 3.50%, 09/25/44
 
400
344,934
Series 5249, Class LB, 4.00%, 08/25/52
 
6,295
5,713,256
Series 5458, Class PF, (30-day Avg SOFR + 1.00%),
5.34%, 09/25/54(c)
 
269
268,609
Security
 
Par
(000)
Value
Collateralized Mortgage Obligations (continued)
Freddie Mac REMICS (continued)
 
Series 5468, Class FM, (30-day Avg SOFR + 1.20%),
5.54%, 11/25/54(c)
$
789
$ 788,115
Series 5468, Class MF, (30-day Avg SOFR + 1.30%),
5.64%, 11/25/54(c)
 
611
611,581
Freddie Mac Seasoned Credit Risk Transfer Trust
 
Series 2018-2, Class MA, 3.50%, 11/25/57
 
410
395,327
Series 2018-4, Class MA, 3.50%, 03/25/58
 
2,446
2,341,480
Series 2019-1, Class MA, 3.50%, 07/25/58
 
774
739,236
Series 2019-2, Class MA, 3.50%, 08/26/58
 
314
299,772
Freddie Mac Structured Pass-Through Certificates,
Series T-11, Class A9, 0.13%, 01/25/28(c)
 
20
20,244
Ginnie Mae
 
Series 2011-88, Class PY, 4.00%, 06/20/41
 
6,449
6,206,178
Series 2012-16, Class HJ, 4.00%, 09/20/40
 
4,459
4,343,823
Series 2015-96, Class ZM, 4.00%, 07/20/45
 
9,234
8,628,690
Series 2018-91, Class ZL, 4.00%, 07/20/48
 
6,708
5,810,030
Series 2022-63, Class ZM, 3.50%, 10/20/50
 
4,611
3,711,482
 
 
171,146,590
Commercial Mortgage-Backed Securities(c) — 0.4%
Freddie Mac Multifamily Structured Pass Through
Certificates
 
Series K094, Class X1, 0.88%, 06/25/29
 
1,381
43,334
Series K104, Class X1, 1.11%, 01/25/30
 
1,315
57,423
Series K105, Class X1, 1.52%, 01/25/30
 
1,801
107,140
Series K107, Class X1, 1.59%, 01/25/30
 
1,208
76,103
Series K109, Class X1, 1.57%, 04/25/30
 
927
59,175
Series K110, Class X1, 1.65%, 04/25/30
 
371
24,323
Series K113, Class X1, 1.38%, 06/25/30
 
1,582
91,404
Series K115, Class X1, 1.32%, 06/25/30
 
1,933
109,327
Series K120, Class X1, 1.03%, 10/25/30
 
3,840
173,797
Series K122, Class X1, 0.87%, 11/25/30
 
1,648
65,361
Ginnie Mae
 
Series 2013-63, Class IO, 0.77%, 09/16/51
 
2,563
56,440
Series 2014-169, Class IO, 0.60%, 10/16/56
 
11,708
257,300
 
 
1,121,127
Interest Only Collateralized Mortgage Obligations — 13.8%
Fannie Mae, Series 2021-13, Class AI, 4.00%, 01/25/49
 
17,911
3,265,685
Fannie Mae REMIC Trust, Series 1999-W4, Class IO,
6.50%, 12/25/28
 
17
620
Fannie Mae REMICS
 
Series 2006-36, Class PS, (30-day Avg SOFR +
6.49%), 2.15%, 05/25/36(c)
 
1,721
166,095
Series 2011-134, Class ST, (30-day Avg SOFR +
5.89%), 1.55%, 12/25/41(c)
 
10,135
1,024,541
Series 2012-47, Class NI, 4.50%, 04/25/42
 
151
21,832
Series 2013-10, Class PI, 3.00%, 02/25/43
 
3,177
386,577
Series 2013-45, Class EI, 4.00%, 04/25/43
 
1,160
97,301
Series 2015-66, Class AS, (30-day Avg SOFR +
6.14%), 1.80%, 09/25/45(c)
 
7,292
418,895
Series 2020-12, Class JI, 4.50%, 03/25/50
 
6,171
1,458,851
Series 2021-23, Class CI, 3.50%, 07/25/46
 
15,715
2,855,248
Series 2021-26, Class AI, 3.50%, 05/25/50
 
22,953
4,305,465
Freddie Mac, Series 5119, Class IC, 4.00%, 06/25/51
 
17,547
3,774,661
Freddie Mac REMICS
 
Series 3744, Class PI, 4.00%, 06/15/39
 
275
4,199
Series 3923, Class SD, (30-day Avg SOFR + 5.89%),
1.54%, 09/15/41(c)
 
13,227
1,297,773
Series 3954, Class SL, (30-day Avg SOFR + 5.89%),
1.54%, 11/15/41(c)
 
7,500
675,217
Series 4026, Class IO, 4.50%, 04/15/32
 
397
25,715
Schedule of Investments
2
Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Income Trust, Inc. (BKT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Interest Only Collateralized Mortgage Obligations (continued)
Freddie Mac REMICS (continued)
 
Series 4706, Class IG, 4.00%, 07/15/47
$
11,522
$ 2,263,712
Series 5013, Class JI, 4.00%, 09/25/50
 
16,413
3,432,954
Series 5083, Class IN, 4.50%, 07/25/32
 
8,670
685,155
Series 5116B, Class CI, 3.00%, 06/25/51
 
16,712
2,270,578
Series 5138, Class IP, 3.00%, 04/25/51
 
15,665
2,666,555
Series 5236, Class JI, 4.00%, 02/25/52
 
29,120
3,390,755
Ginnie Mae
 
Series 2009-116, Class KS, (1 mo. Term SOFR +
6.36%), 2.04%, 12/16/39(c)
 
390
35,382
Series 2011-52, Class MJ, (1 mo. Term SOFR +
6.54%), 2.22%, 04/20/41(c)
 
1,866
127,860
Series 2012-97, Class JS, (1 mo. Term SOFR +
6.14%), 1.82%, 08/16/42(c)
 
2,382
105,898
Series 2017-101E, Class SL, (1 mo. Term SOFR +
6.09%), 1.77%, 07/20/47(c)
 
7,217
879,198
Series 2022-10, Class IT, 3.50%, 01/20/52
 
10,861
1,630,126
series 2022-60H, Class IH, 2.50%, 02/20/51
 
20,730
3,042,938
Vendee Mortgage Trust, Series 1999-2, Class 1IO,
0.00%, 05/15/29(c)
 
3,455
3
 
 
40,309,789
Mortgage-Backed Securities — 50.1%
Fannie Mae Mortgage-Backed Securities, 4.00%,
02/01/56 - 01/01/57(f)
 
27,421
25,796,935
Freddie Mac Mortgage-Backed Securities
 
5.50%, 01/01/39(f)
 
3,356
3,428,132
4.00%, 05/01/39
 
133
129,811
3.50%, 01/01/46
 
681
635,464
Ginnie Mae Mortgage-Backed Securities
 
8.00%, 05/15/26 - 06/15/27
 
3
3,066
5.00%, 11/15/35 - 10/20/39
 
815
829,779
6.50%, 12/20/54
 
1,577
1,649,466
Uniform Mortgage-Backed Securities
 
1.50%, 06/01/31
 
486
453,020
5.50%, 02/01/33 - 04/01/53(f)
 
3,930
3,986,185
5.00%, 06/01/33 - 04/14/55(f)(g)
 
26,480
26,292,434
4.00%, 09/01/33 - 10/01/53(f)(h)
 
25,257
23,907,478
3.50%, 02/01/35 - 04/15/55(g)
 
5,242
4,755,627
6.00%, 02/01/36 - 03/01/38
 
52
53,944
6.50%, 10/01/38 - 10/01/53
 
1,750
1,817,761
4.50%, 04/01/39 - 05/13/55(f)(g)
 
23,348
22,448,433
2.50%, 04/15/40(g)
 
180
166,507
3.00%, 03/01/43 - 04/15/55(g)
 
34,195
29,678,023
 
 
146,032,065
Principal Only Collateralized Mortgage Obligations(d) — 1.7%
Fannie Mae Interest Strip
 
Series 337, Class 1, 0.01%, 07/25/33
 
1,350
1,165,153
Series 397, Class 1, 0.01%, 09/25/39
 
1,796
1,409,572
Fannie Mae REMIC Trust, Series 1999-W4, Class PO,
0.00%, 02/25/29
 
9
8,796
Fannie Mae REMICS
 
Series 2002-13, Class PR, 0.01%, 03/25/32
 
12
10,774
Series 2011-90, Class AO, 0.01%, 09/25/41
 
3,051
2,348,579
 
 
4,942,874
Total U.S. Government Sponsored Agency Securities — 128.8%
(Cost: $407,220,519)
375,095,066
Security
 
Par
(000)
Value
U.S. Treasury Obligations
U.S. Treasury Bonds
 
2.25%, 05/15/41
$
840
$ 622,486
2.75%, 08/15/42 - 11/15/42(f)
 
950
741,705
2.88%, 05/15/52
 
1,525
1,107,233
U.S. Treasury Notes
 
4.13%, 10/31/26 - 03/31/29
 
1,300
1,305,412
4.25%, 11/30/26 - 06/30/31
 
2,790
2,812,018
4.38%, 11/30/28
 
700
710,883
4.00%, 01/31/29 - 02/15/34
 
820
820,283
4.63%, 04/30/29
 
2,700
2,770,348
1.13%, 02/15/31
 
330
280,887
Total U.S. Treasury Obligations — 3.9%
(Cost: $11,053,815)
11,171,255
Total Long-Term Investments — 135.4%
(Cost: $426,385,980)
394,225,381
Short-Term Securities
Borrowed Bond Agreement — 0.3%
BNP Paribas SA, 4.39%, 04/01/25 (Purchased on
31/03/2025 to be repurchased at $724,517,
Collateralized by U.S. Treasury Bonds, 2.75%,
11/15/42, par and fair values of $917,000 and
$713,254, respectively)
 
724
724,430
 
 
 
 
Shares
 
Money Market Funds — 1.7%
BlackRock Liquidity Funds, T-Fund, Institutional
Shares, 4.22%(i)(j)
 
5,089,843
5,089,843
Total Short-Term Securities — 2.0%
(Cost: $5,814,273)
5,814,273
Total Investments Before Borrowed Bonds and TBA Sale
Commitments — 137.4%
(Cost: $432,200,253)
400,039,654
 
 
 
Par
(000)
 
Borrowed Bonds
U.S. Governments Obligations — (0.2)%
U.S. Treasury Bonds, 2.75%, 11/15/42
$
(917
)
(713,254
)
Total Borrowed Bonds — (0.2)%
(Proceeds: $(842,347))
 
(713,254
)
3
Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Income Trust, Inc. (BKT)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
TBA Sale Commitments
Mortgage-Backed Securities — (2.7)%
Uniform Mortgage-Backed Securities, 4.50%, 04/15/55(g)
$
(8,122
)
$   (7,768,428
)
Total TBA Sale Commitments — (2.7)%
(Proceeds: $(7,749,065))
(7,768,428
)
Total Investments, Net of Borrowed Bonds and TBA Sale
Commitments — 134.5%
(Cost: $423,608,841)
391,557,972
Liabilities in Excess of Other Assets — (34.5)%
(100,374,922
)
Net Assets — 100.0%
$  291,183,050
 
(a)
Security is valued using significant unobservable inputs and is classified as Level 3 in the
fair value hierarchy.
(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)
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.
(d)
Rates are discount rates or a range of discount rates as of period end.
(e)
Zero-coupon bond.
(f)
All or a portion of the security has been pledged as collateral in connection with
outstanding reverse repurchase agreements.
(g)
Represents or includes a TBA transaction.
(h)
All or a portion of the security has been pledged as collateral in connection with
outstanding TBA commitments.
(i)
Affiliate of the Fund.
(j)
Annualized 7-day yield as of period end.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
12/31/24
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
03/31/25
Shares
Held at
03/31/25
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, T-Fund, Institutional Shares
$ 8,180,892
$ —
$ (3,091,049
)(a)
$ —
$ —
$ 5,089,843
5,089,843
$ 62,000
$ —
 
(a)
Represents net amount purchased (sold).
Reverse Repurchase Agreements 
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
HSBC Securities (USA), Inc.
4.46
% 
03/12/25
04/14/25
$ 3,885,646
$ 3,896,816
U.S. Government Sponsored
Agency Securities
Up to 30 Days
HSBC Securities (USA), Inc.
4.46
03/12/25
04/14/25
7,666,954
7,685,001
U.S. Government Sponsored
Agency Securities
Up to 30 Days
HSBC Securities (USA), Inc.
4.46
03/12/25
04/14/25
3,052,150
3,059,335
U.S. Government Sponsored
Agency Securities
Up to 30 Days
HSBC Securities (USA), Inc.
4.46
03/12/25
04/14/25
17,288,567
17,329,263
U.S. Government Sponsored
Agency Securities
Up to 30 Days
HSBC Securities (USA), Inc.
4.46
03/12/25
04/14/25
4,967,871
4,979,564
U.S. Government Sponsored
Agency Securities
Up to 30 Days
HSBC Securities (USA), Inc.
4.46
03/12/25
04/14/25
3,065,915
3,073,132
U.S. Government Sponsored
Agency Securities
Up to 30 Days
HSBC Securities (USA), Inc.
4.46
03/12/25
04/14/25
1,869,648
1,874,049
U.S. Government Sponsored
Agency Securities
Up to 30 Days
HSBC Securities (USA), Inc.
4.46
03/12/25
04/14/25
3,330,178
3,338,017
U.S. Government Sponsored
Agency Securities
Up to 30 Days
Morgan Stanley & Co. LLC
4.46
03/12/25
04/14/25
5,012,256
5,024,054
U.S. Government Sponsored
Agency Securities
Up to 30 Days
Morgan Stanley & Co. LLC
4.46
03/12/25
04/14/25
5,074,209
5,086,153
U.S. Government Sponsored
Agency Securities
Up to 30 Days
Schedule of Investments
4
Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Income Trust, Inc. (BKT)
 
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
Morgan Stanley & Co. LLC
4.46
% 
03/12/25
04/14/25
$ 5,316,981
$ 5,329,496
U.S. Government Sponsored
Agency Securities
Up to 30 Days
Morgan Stanley & Co. LLC
4.46
03/12/25
04/14/25
5,049,949
5,061,836
U.S. Government Sponsored
Agency Securities
Up to 30 Days
 
 
 
$ 65,580,324
$ 65,736,716
 
 
 
(a)
Certain agreements have no stated maturity and can be terminated by either party at any time.
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
229
06/18/25
$ 25,516
$ 357,361
5-Year U.S. Treasury Note
66
06/30/25
7,146
78,272
 
435,633
Short Contracts 
10-Year U.S. Ultra Long Treasury Note
123
06/18/25
14,074
(202,002
)
U.S. Long Bond
121
06/18/25
14,244
(219,523
)
2-Year U.S. Treasury Note
71
06/30/25
14,714
(73,884
)
 
(495,409
)
 
$ (59,776
)
Centrally Cleared Interest Rate Swaps 
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
Notional
Amount (000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
1-day SOFR, 4.41%
Quarterly
0.17%
Quarterly
N/A
10/21/25
USD
137
$ (4,124
)
$ (4
)
$ (4,120
)
0.18%
Quarterly
1-day FEDL, 4.33%
Quarterly
N/A
10/21/25
USD
137
4,106
3
4,103
 
 
$ (18
)
$ (1
)
$ (17
)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (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 that may not have a secondary market and/or may have 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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
5
Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Income Trust, Inc. (BKT)
 
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Fund’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
$ —
$ —
$ —
$ —
Non-Agency Mortgage-Backed Securities
—
7,959,058
2
7,959,060
U.S. Government Sponsored Agency Securities
—
375,095,066
—
375,095,066
U.S. Treasury Obligations
—
11,171,255
—
11,171,255
Short-Term Securities 
Borrowed Bond Agreement
—
724,430
—
724,430
Money Market Funds
5,089,843
—
—
5,089,843
Liabilities
Investments 
Borrowed Bonds
—
(713,254
)
—
(713,254
)
TBA Sale Commitments
—
(7,768,428
)
—
(7,768,428
)
 
$5,089,843
$386,468,127
$2
$391,557,972
Derivative Financial Instruments(a)
Assets 
Interest Rate Contracts
$ 435,633
$ 4,103
$ —
$ 439,736
Liabilities 
Interest Rate Contracts
(495,409
)
(4,120
)
—
(499,529
)
 
$(59,776
)
$(17
)
$—
$(59,793
)
 
(a)
Derivative financial instruments are swaps and futures contracts. Swaps and futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.
The Fund 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 $65,736,716 are categorized as Level 2 within the fair value hierarchy.
 
Currency Abbreviation 
USD
United States Dollar
 
Portfolio Abbreviation 
FEDL
 Fed Funds Effective Rate
IO
 Interest Only
PO
 Principal Only
REMIC
 Real Estate Mortgage Investment Conduit
SOFR
 Secured Overnight Financing Rate
STRIP
 Separate Trading of Registered Interest & Principal
TBA
 To-Be-Announced
Schedule of Investments
6