Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 90

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 90
---
/25

—

(5,942)

Japanese

Yen

......

JPHQ

Buy

62,332,100

426,785

11/19/25

—

(3,151)

Japanese

Yen

......

TDOM

Buy

612,100

4,191

11/19/25

—

(31)

Japanese

Yen

......

UBSW

Buy

59,663,400

408,518

11/19/25

—

(3,021)

British

Pound

......

HSBK

Sell

517,300

703,059

12/17/25

7,277

—

Euro

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

HSBK

Sell

4,453,800

5,264,338

12/17/25

11,970

—

Norwegian

Krone

...

MSCO

Sell

6,139,500

623,645

12/17/25

8,304

—

Swedish

Krona

.....

MSCO

Sell

6,123,200

663,106

12/17/25

9,540

—

Swiss

Franc

.......

UBSW

Buy

832,600

1,058,764

12/17/25

—

(3,145)

Total

Forward

Exchange

Contracts

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

$97,454

$(26,513)

Net

unrealized

appreciation

(depreciation)

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

$70,941

*

In

U.S.

dollars

unless

otherwise

indicated.

a

May

be

comprised

of

multiple

contracts

with

the

same

counterparty,

currency

and

settlement

date.

Putnam

Master

Intermediate

Income

Trust

Schedule

of

Investments

franklintempleton.com

Annual

Report

The

accompanying

notes

are

an

integral

part

of

these

### financial
statements.

34

At

September

30,

2025,

the

Fund

had

the

following forward

premium

swap

options contracts

outstanding.

See

Note

1(e).

#### Forward

#### Premium

#### Swap

#### Option

#### Contracts

#### Fixed

#### right

#### or

#### obligation

#### to

#### receive

#### or
**(pay)/**

#### Floating

#### rate

#### index/Maturity

#### date

#### Counter

####