Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 96

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 96
---

(25,185)

(50,319)

25,134

Investment

Grade

CMBX.NA.BB.10

5.00%

Monthly

JPHQ

11/17/59

120,000

(59,125)

(9,629)

(49,496)

Non-

Investment

Grade

CMBX.NA.BB.13

5.00%

Monthly

CITI

12/16/72

133,000

(49,262)

(56,865)

7,603

Non-

Investment

Grade

CMBX.NA.BB.6

.

5.00%

Monthly

CITI

5/11/63

285,000

(17,736)

(49,554)

31,818

Non-

Investment

Grade

CMBX.NA.BB.6

.

5.00%

Monthly

GSCO

5/11/63

138,000

(8,588)

(23,957)

15,369

Non-

Investment

Grade

CMBX.NA.BB.6

.

5.00%

Monthly

MLCO

5/11/63

125,000

(7,779)

(13,977)

6,198

Non-

Investment

Grade

Putnam

Master

Intermediate

Income

Trust

Schedule

of

Investments

franklintempleton.com

Annual

Report

The

accompanying

notes

are

an

integral

part

of

these

### financial
statements.

36

#### Credit

#### Default

#### Swap

#### Contracts
(continued)

#### Description

#### Periodic

#### Payment

#### Rate

#### Received
**(Paid)**

#### Payment

#### Frequency

#### Counter-

#### party

#### Maturity

#### Date

#### Notional

#### Amount
**(a)**

#### Value

#### Upfront

#### Payments
**(Receipts)**

#### Unrealized

#### Appreciation
**(Depreciation)**

#### Rating
**(b)**

#### OTC

#### Swap

#### Contracts
(continued)

#### Contracts

#### to

#### Sell

#### Protection
**(c)(d)

(continued

)**

#### Traded

#### Index
(continued)

CMBX.NA.BB.6

.

5.00%

Monthly

MSCO

5/11/63

562,000

$

(34