Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 139

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 139
---
207,793)

$(126,986)

$—

$107,175

a

See

the

accompanying

Schedule

of

Investments

for

securities

pledged

as

collateral

for

derivatives.

b

In

some

instances,

the

collateral

amounts

disclosed

in

the

table

above

were

adjusted

due

to

the

requirement

to

limit

the

collateral

amounts

to

avoid

the

effect

of

overcollateralization.

Actual

collateral

received

and/or

pledged

may

be

more

than

the

amounts

disclosed

herein.

#### 9.

#### Other

#### Derivative

#### Information
(continued)

Putnam

Master

Intermediate

Income

Trust

Notes

to

### Financial
Statements

56

franklintempleton.com

Annual

Report

Level

3

–

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

in

determining

the

fair

value

of

### financial
instruments)

The

input

levels

are

not

necessarily

an

indication

of

the

risk

or

### liquidity
associated

with

### financial
instruments

at

that

level.

A

summary

of

inputs

used

as

of

September

30,

2025,

in

valuing

the

Fund's assets

and

liabilities carried

at

fair

value,

is

as

follows:

#### 11.

#### Distributions

#### subsequent

#### to

#### September

#### 30,

#### 2025
The

following

distributions

have

been

declared

by

the

Fund’s

Board

and

are

payable

subsequent

to

the

period

end

of

this

report.

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Total

#### Putnam

#### Master

#### Intermediate

#### Income

#### Trust
**Assets:

Investments

in

Securities:**

### Management
Investment

Companies

.........

$

4,191,248

$

—

$

—

$

4,191,248

Convertible

Bonds

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

—

4,975,551

—

4