Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 41

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 41
---

OneSky

Flight

LLC

,

Senior

Note

,

144A,

8.875

%

,

12/15/29

.....

United

States

200,000

210,503

b

United

Airlines,

Inc.

,

Senior

Secured

Note

,

144A,

4.625

%

,

4/15/29

United

States

140,000

137,962

611,242

#### Personal

#### Care

#### Products

#### 0.1%
Haleon

US

Capital

LLC

,

Senior

Note

,

3.375

%

,

3/24/29

.......

United

States

250,000

243,455

#### Pharmaceuticals

#### 0.8%
Pharmacia

LLC

,

Senior

Bond

,

6.6

%

,

12/01/28

..............

United

States

430,000

462,013

Royalty

Pharma

plc

,

Senior

Note

,

4.45

%

,

3/25/31

...........

United

States

260,000

257,909

Teva

Pharmaceutical

Finance

Netherlands

III

BV

,

Senior

Note

,

8.125

%

,

9/15/31

...................................

Israel

449,000

513,934

1,233,856

#### Professional

#### Services

#### 0.1%
b

CACI

International,

Inc.

,

Senior

Note

,

144A,

6.375

%

,

6/15/33

..

United

States

185,000

191,068

#### Semiconductors
#### &

#### Semiconductor

#### Equipment

#### 0.1%
Broadcom

Corp.

/

Broadcom

Cayman

Finance

Ltd.

,

Senior

Note

,

3.875

%

,

1/15/27

...................................

United

States

205,000

204,930

#### Software

#### 0.1%
Oracle

Corp.

,

Senior

Note

,

4.45

%

,

9/26/30

................

United

States

100,000

99,974

#### Specialized

#### REITs

#### 0.2%
American

Tower

Corp.

,

Senior

Note

,

2.75

%

,

1/15/27

.........

United

States

410,000

402