Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 14

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 14
---
0.28)

Repurchase

of

shares

(Note

2)

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

—

—

b

0.01

0.01

—

b

Net

asset

value,

end

of

year

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

$3.47

$3.51

$3.32

$3.52

$4.08

Market

value,

end

of

year

c

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

$3.44

$3.39

$3.02

$3.25

$4.07

Total

return

(based

on

net

asset

value

per

share)

d

.......

6.75%

14.20%

1.75%

(7.53)%

1.18%

Total

return

(based

on

market

value

per

share)

d

.........

9.75%

21.73%

0.77%

(14.14)%

5.82%

#### Ratios

#### to

#### average

#### net

#### assets
Expenses

before

waiver

and

payments

by

affiliates

......

1.02%

1.05%

1.09%

1.04%

1.01%

Expenses

net

of

waiver

and

payments

by

affiliates

.......

1.02%

e,f

1.02%

1.09%

1.04%

1.01%

Net

investment

income

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

5.36%

5.85%

4.45%

4.83%

4.35%

#### Supplemental

#### data
Net

assets,

end

of

year

(000’s)

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

$167,036

$168,928

$161,142

$176,942

$208,743

Portfolio

turnover

rate

g

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

454%

971%

1295%

949%

1073%

a

Based

on

average

daily

shares

outstanding.

b

Amount

rounds

to

less

than

$0.01

per

share.

c

Based

on

the

last

sale

on

the

New

York

Stock

Exchange.

d

The

Market

Value

Total

Return

is

calculated

assuming

a

purchase

of

common

shares

on

the

opening

of

the

first

### business
day

and

a

sale

on