Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 29

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 29
---
Investments

franklintempleton.com

Annual

Report

The

accompanying

notes

are

an

integral

part

of

these

### financial
statements.

14

a

a

#### Country

#### Principal

#### Amount
***

a**

#### Value
a

#### a

#### a
a

#### a

#### Corporate

#### Bonds
(continued)

#### Consumer

#### Finance
(continued)

Ford

Motor

Credit

Co.

LLC

,

Senior

Note

,

5.8

%

,

3/05/27

.......

United

States

210,000

$

212,187

1,360,640

#### Containers
#### &

#### Packaging

#### 0.1%
b

Clydesdale

Acquisition

Holdings,

Inc.

,

Senior

Secured

Note

,

144A,

6.75

%

,

4/15/32

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

United

States

200,000

205,319

#### Distributors

#### 0.2%
b

RB

Global

Holdings,

Inc.

,

Senior

Note

,

144A,

7.75

%

,

3/15/31

..

Canada

276,000

289,014

#### Diversified

#### REITs

#### 0.3%
VICI

Properties

LP

,

Senior

Note

,

4.95

%

,

2/15/30

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

United

States

425,000

430,044

#### Diversified

#### Telecommunication

#### Services

#### 0.6%
AT&T,

Inc.

,

Senior

Note

,

4.1

%

,

2/15/28

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

United

States

410,000

409,751

b

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp.

,

Senior

Bond

,

144A,

4.75

%

,

2/01/32

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

United

States

469,000

434,114

b

IHS

Holding

Ltd.

,

Senior

Note

,

Reg

S,

8.25

%

,

11/29/31

.......

Nigeria

200,000

210,846

1,054,711

#### Electric

#### Utilities

#### 2.1%
Duke

Energy

Carolinas

LLC

,

A

,

Senior

Bond