Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 22

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 22
---
.

United

States

82,000

81,385

b

Guidewire

Software,

Inc.

,

Senior

Note

,

144A,

1.25

%

,

11/01/29

..

United

States

93,000

108,394

b

Nutanix,

Inc.

,

Senior

Note

,

144A,

0.5

%

,

12/15/29

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

United

States

66,000

74,461

Progress

Software

Corp.

,

Senior

Note

,

3.5

%

,

3/01/30

........

United

States

56,000

56,462

b

Rubrik,

Inc.

,

Senior

Note

,

144A,

Zero

Cpn.,

6/15/30

..........

United

States

60,000

60,840

b,c

Strategy,

Inc.

,

Senior

Note

,

144A,

0.407%

,

3/01/30

..........

United

States

64,000

67,520

Tyler

Technologies,

Inc.

,

Senior

Note

,

0.25

%

,

3/15/26

........

United

States

60,000

66,000

Vertex,

Inc.

,

Senior

Note

,

0.75

%

,

5/01/29

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

United

States

41,000

41,820

Workiva,

Inc.

,

Senior

Note

,

1.25

%

,

8/15/28

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

United

States

39,000

38,561

761,049

#### Specialty

#### Retail

#### 0.1%
Burlington

Stores,

Inc.

,

1.25

%

,

12/15/27

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

United

States

34,000

45,951

Wayfair,

Inc.

,

Senior

Note

,

3.25

%

,

9/15/27

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

United

States

79,000

120,576

166,527

#### Technology

#### Hardware,

#### Storage
#### &

#### Peripherals

#### 0.1%
Seagate

HDD

Cayman

,

Senior

Note

,

3.5

%

,

6/01/28

..........

United

States

50,000

144,094

#### Total

#### Convertible

#### Bonds
**(Cost

$4,544,046)

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