Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 141

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 141
---
869,684

—

869,684

Futures

Contracts

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

9,959

—

—

9,959

Swap

Contracts

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

—

1,444,571

—

1,444,571

Total

Other

### Financial
Instruments

.........

$9,959

$9,265,829

$—

$9,275,788

#### Record

#### Date

#### Payable

#### Date

#### Amount
10/17/2025

10/31/2025

$0.0220

11/17/2025

11/28/2025

$0.0220

12/15/2025

12/31/2025

$0.0220

1/23/2026

1/30/2026

$0.0220

2/20/2026

2/27/2026

$0.0220

#### 10.

#### Fair

#### Value

#### Measurements
(continued)

Putnam

Master

Intermediate

Income

Trust

Notes

to

### Financial
Statements

57

franklintempleton.com

Annual

Report

#### 12.

#### Operating

#### Segments
The Fund operates

as

a

single

operating

segment,

which

is

an

investment

portfolio.

The

portfolio

managers

assigned

to

the

Fund

within

the

Fund’s

Investment

manager serve

as

the

Chief

Operating

Decision

Maker

(“CODM”)

and

are

responsible

for

evaluating

the

Fund's

operating

results

and

allocating

resources

in

accordance

with

the

Fund’s

investment

strategy.

Internal

reporting

provided

to

the

CODM

aligns

with

the

accounting

policies

and

measurement

principles

used

in

### the financial
statements.

For

information

regarding

segment

assets,

segment

profit

or

loss,

and

significant

expenses,

refer

to

the Statement

of

Assets

and

Liabilities

and

the Statement

of

Operations,

along

with

the

related

notes

to

### the financial
statements.

The Schedule

of

Investments

provides

details

of

the Fund's investments

that

generate

returns