Company: PIM
Filing Date: 2025-05-29
Form Type: NPORT-P
Source: 0000869392-25-001091
Chunk: 2271

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-05-29
Form: NPORT-P
Chunk 2271
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 any Item of this Form. To the extent responses relate  
 to a particular Item, provide the Item number(s), as applicable.     |

| Note Item | B.5.a |

| Explanatory Notes | Monthly total returns provided exclude any applicable sales loads or redemption fees. |

| Note Item | C.11.f.i.2 |

| Explanatory Notes | For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either paid or received, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation. |

| Note Item | C.11.f.i.1 |

| Explanatory Notes | For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either received or paid, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation. |

| Note Item | C.2.c |

| Explanatory Notes | For certain swaptions, if any, the value provided may include any unpaid or received premium and as a result may be a negative value. |

NPORT-P: Signatures

The Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

| Registrant:    | Putnam Master Intermediate Income Trust |
| By(Signature): | Christopher Berarducci                  |
| Name:          | Christopher Berarducci                  |
| Title:         | Principal Financial Officer             |
| Date:          | 2025-05-29                              |