Company: PIM
Filing Date: 2025-08-26
Form Type: NPORT-P
Source: 0001752724-25-203456
Chunk: 2178

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-08-26
Form: NPORT-P
Chunk 2178
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 Funds shall report the required component information described above, but may limit reporting to the (i) 50 largest components in the index and (ii) any other components where the notional value for that components is over 1% of the notional value of the index or custom basket.
An index or custom basket, where the components are publicly available on a website and are updated on that website no less frequently than quarterly.

| Index name.               | Markit CDX North American High Yield Index Series 44-V1 |
| Index identifier, if any. | 2I65BRAD4                                               |

If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents 1% or less of the net asset value of the Fund, provide a narrative description of the index.

| Narrative description. |

| Custom swap Flag | Yes 
 No  |

1. Description and terms of payments to be received from another party.
Receipts: Reference Asset, Instrument or Index.

| Receipts: fixed, floating or other. |                Fixed 
             Floating 
                Other |
| Receipts: Fixed rate.               |           5.00000000 |
| Receipts: Base currency.            | United States Dollar |
| Receipts: Amount.                   |           0.00000000 |

2. Description and terms of payments to be paid to another party.
Payments: Reference Asset, Instrument or Index

| Payments: fixed, floating or other. | Fixed                                                                                
 Floating                                                                             
 Other                                                                                |
| Description of Other Payments       | Payout of notional amount upon default event with regard to the reference instrument |

| ii.	Termination or maturity date.                                                                |           2030-06-20 |
| iii.	Upfront payments or receipts                                                                |                      |
| Upfront payments.                                                                                |      428439.12000000 |
| ISO Currency Code.                                                                               | United States Dollar |
| Upfront receipts.                                                                                |           0.00000000 |
| ISO Currency Code.                                                                               | United States Dollar |
| iv.	Notional amount.                                                                             |     8893000.00000000 |
| ISO Currency Code.                                                                               |                  USD |
| v.	Unrealized appreciation or depreciation. Depreciation shall be reported as a negative number. |      254093.87000000 |

| For each investment held by the Fund and its consolidated subsidiaries, 
 disclose the information requested in Part C.