Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 126

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 126
---

1,

2024,

PIL

merged

into

FTIML,

and

PIL

investment

professionals

became

employees

of

FTIML.

#### b.

#### Administrative

#### Fees
Under

an

agreement

with

Advisers,

FT

Services

provides

administrative

services

to

the

Fund.

The

fee

is

paid

by Advisers

based

on

the Fund's

average

daily

net

assets,

and

is

not

an

additional

expense

of

the

Fund.

The

Fund

reimburses

Advisers

an

allocated

amount

for

the

compensation

and

related

expenses

of

certain

officers

of

the

Fund

and

their

staff

who

provide

administrative

services

to

the

Fund.

The

aggregate

amount

of

all

such

reimbursements

is

determined

annually

by

the

Trustees.

#### Annualized

#### Fee

#### Rate

#### Net

#### Assets
0.750%

of

the

first

$500

million

of

average

net

assets,

0.650%

of

the

next

$500

million

of

average

net

assets,

0.600%

of

the

next

$500

million

of

average

net

assets,

0.550%

of

the

next

$5

billion

of

average

net

assets,

0.525%

of

the

next

$5

billion

of

average

net

assets,

0.505%

of

the

next

$5

billion

of

average

net

assets,

0.490%

of

the

next

$5

billion

of

average

net

assets,

0.480%

of

the

next

$5

billion

of

average

net

assets,

0.470%

of

the

next

$5

billion

of

average

net

assets,

0.460%

of

the

next

$5

billion

of

average

net

assets,

0.450%

of

the

next

$5

billion

of

average

net

assets,

0.440%

of

the

next

$5