Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 42

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 42
---
,903

#### Specialty

#### Retail

#### 0.3%
Bath

&

Body

Works,

Inc.

,

Senior

Bond

,

6.875

%

,

11/01/35

.....

United

States

480,000

500,017

#### Technology

#### Hardware,

#### Storage
#### &

#### Peripherals

#### 0.2%
b

Seagate

Data

Storage

Technology

Pte.

Ltd.

,

Senior

Note,

144A,

5.875%,

7/15/30

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

United

States

150,000

152,988

Senior

Note,

144A,

9.625%,

12/01/32

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

United

States

186,000

210,841

363,829

#### Textiles,

#### Apparel
#### &

#### Luxury

#### Goods

#### 0.5%
b

Beach

Acquisition

Bidco

LLC

,

e

Senior

Note,

144A,

PIK,

10%,

7/15/33

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

United

States

200,000

216,233

Senior

Secured

Note,

144A,

5.25%,

7/15/32

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

United

States

105,000

EUR

126,668

b

Crocs,

Inc.

,

Senior

Bond

,

144A,

4.125

%

,

8/15/31

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

United

States

290,000

266,090

b

Under

Armour,

Inc.

,

Senior

Note

,

144A,

7.25

%

,

7/15/30

.......

United

States

105,000

105,133

714,124

#### Tobacco

#### 0.3%
Philip

Morris

International,

Inc.

,

Senior

Note

,

5.125

%

,

2/15/30

..

United

States

410,000

423,889

#### Trading

#### Companies
#### &

#### Distributors

#### 0.9%
Air

Lease

Corp.

,

Senior

Note

,

5.85

%

,

12/15/27

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

United

States

450,000

463,621

Putnam

Master

Intermediate

Income

Trust

Schedule

of

Investments

franklintempleton.com

The

accompanying

notes

are

an

integral

part