Company: PIM
Filing Date: 2025-08-26
Form Type: NPORT-P
Source: 0001752724-25-203456
Chunk: 1331

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-08-26
Form: NPORT-P
Chunk 1331
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 than 1%, but 5% or less, of the net asset value of the Fund, Funds shall report the required component information described above, but may limit reporting to the (i) 50 largest components in the index and (ii) any other components where the notional value for that components is over 1% of the notional value of the index or custom basket.
An index or custom basket, where the components are publicly available on a website and are updated on that website no less frequently than quarterly.

| Index name.               | Markit CMBX North American Index Series BBB-10 |
| Index identifier, if any. | 137BERAJ6                                      |

If the index’s or custom basket’s components are not publicly available in that manner, and the notional amount of the derivative represents 1% or less of the net asset value of the Fund, provide a narrative description of the index.

| Narrative description. |

| Custom swap Flag | Yes 
 No  |

1. Description and terms of payments to be received from another party.
Receipts: Reference Asset, Instrument or Index.

| Receipts: fixed, floating or other. | Fixed                                                                                 
 Floating                                                                              
 Other                                                                                 |
| Description of Other Receipts       | Receipt of notional amount upon default event with regard to the reference instrument |

2. Description and terms of payments to be paid to another party.
Payments: Reference Asset, Instrument or Index

| Payments: fixed, floating or other. |                Fixed 
             Floating 
                Other |
| Payments: Fixed rate.               |           3.00000000 |
| Payments: Base currency             | United States Dollar |
| Payments: Amount                    |           0.00000000 |

| ii.	Termination or maturity date.                                                                |           2059-11-17 |
| iii.	Upfront payments or receipts                                                                |                      |
| Upfront payments.                                                                                |      166855.06000000 |
| ISO Currency Code.                                                                               | United States Dollar |
| Upfront receipts.                                                                                |           0.00000000 |
| ISO Currency Code.                                                                               | United States Dollar |
| iv.	Notional amount.                                                                             |      516000.00000000 |
| ISO Currency Code.                                                                               |                  USD |
| v.	Unrealized appreciation or depreciation. Depreciation shall be reported as a negative number. |      -69675.06000000 |

| For each investment held by the Fund and its consolidated subsidiaries