Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 21

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 21
---
 REITs

#### 0.0%
#### †

b

Boston

Properties

LP

,

Senior

Note

,

144A,

2

%

,

10/01/30

.......

United

States

50,000

50,050

#### Oil,

#### Gas
#### &

#### Consumable

#### Fuels

#### 0.0%
#### †

Northern

Oil

&

Gas,

Inc.

,

Senior

Note

,

3.625

%

,

4/15/29

.......

United

States

61,000

61,320

#### Professional

#### Services

#### 0.0%
#### †

Parsons

Corp.

,

Senior

Note

,

2.625

%

,

3/01/29

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

United

States

41,000

46,842

#### Semiconductors
#### &

#### Semiconductor

#### Equipment

#### 0.1%
Microchip

Technology,

Inc.

,

Senior

Note

,

0.75

%

,

6/01/30

......

United

States

48,000

46,656

MKS,

Inc.

,

Senior

Note

,

1.25

%

,

6/01/30

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

United

States

65,000

71,338

b

Nova

Ltd.

,

Senior

Note

,

144A,

Zero

Cpn.,

9/15/30

...........

Israel

34,000

40,958

ON

Semiconductor

Corp.

,

Senior

Note

,

0.5

%

,

3/01/29

........

United

States

55,000

50,884

209,836

#### Software

#### 0.3%
Bentley

Systems,

Inc.

,

Senior

Note

,

0.375

%

,

7/01/27

.........

United

States

72,000

67,968

Box,

Inc.

,

Senior

Note

,

1.5

%

,

9/15/29

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

United

States

62,000

62,465

b

Commvault

Systems,

Inc.

,

Senior

Note

,

144A,

Zero

Cpn.,

9/15/30

United

States

34,000

35,173

b,c

Datadog,

Inc.

,

Senior

Note

,

144A,

0.18%

,

12/01/29

.........