Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 16

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 16
---

,

Zero

Cpn.,

7/15/30

........

United

States

33,000

40,970

Axon

Enterprise,

Inc.

,

Senior

Note

,

0.5

%

,

12/15/27

..........

United

States

15,000

47,081

88,051

#### Automobile

#### Components

#### 0.0%
#### †

Patrick

Industries,

Inc.

,

Senior

Note

,

1.75

%

,

12/01/28

........

United

States

38,000

61,788

#### Automobiles

#### 0.0%
#### †

Rivian

Automotive,

Inc.

,

Senior

Note

,

4.625

%

,

3/15/29

........

United

States

55,000

57,124

#### Biotechnology

#### 0.3%
Alnylam

Pharmaceuticals,

Inc.

,

Senior

Note,

1%,

9/15/27

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

United

States

19,000

31,274

b,c

Senior

Note,

144A,

0.19%,

9/15/28

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

United

States

50,000

49,719

BioMarin

Pharmaceutical,

Inc.

,

Senior

Sub.

Note

,

1.25

%

,

5/15/27

United

States

49,000

46,575

b

Exact

Sciences

Corp.

,

Senior

Note

,

144A,

1.75

%

,

4/15/31

.....

United

States

103,000

96,353

Halozyme

Therapeutics,

Inc.

,

Senior

Note

,

1

%

,

8/15/28

.......

United

States

65,000

91,487

315,408

#### Broadline

#### Retail

#### 0.1%
Etsy,

Inc.

,

Senior

Note

,

0.25

%

,

6/15/28

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

United

States

111,000

98,318

#### Capital

#### Markets

#### 0.1%
Coinbase

Global,

Inc.

,

Senior

Note,

0.25%,

4/01/30

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

United

States

40,000

50,370

b

Senior

Note,

144A,

Zero

Cpn.,

10/01