Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 98

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 98
---
pay

or

bankruptcy

of

the

underlying

securities

for

traded

index

swaps.

(d)

The

fund

enters

contracts

to

sell

protection

to

create

a

long

credit

position.

Putnam

Master

Intermediate

Income

Trust

Schedule

of

Investments

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

### financial
statements.

Annual

Report

37

At

September

30,

2025,

the

Fund

had

the

following

interest

rate

swap

contracts

outstanding.

See

Note

1(e).

#### Interest

#### Rate

#### Swap

#### Contracts

#### Description

#### Payment

#### Frequency

#### Maturity

#### Date

#### Notional

#### Amount
*****

#### Value

#### Upfront

#### Payments
**(Receipts)**

#### Unrealized

#### Appreciation
**(Depreciation)

aa**

#### aa

#### aa

#### aa

#### Centrally

#### Cleared

#### Swap

#### Contracts
Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

3.58%

....

Annual

9/17/27

170,842,000

$

(535,533)

$

(212,325)

$

(323,208)

Receive

Floating

3-month

AUD

BBR

...........

Quarterly

Pay

Fixed

3.23%

....

Quarterly

9/17/27

1,991,000

AUD

6,291

1,668

4,623

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

3.13%

....

Annual

12/17/27

2,942,000

10,532

10,532

—

Receive

Fixed

2.08%

..

Annual

Pay

Floating

6-month

### EURIBOR
.........

Semi-Annual

12/17/27

2,104,000

EUR

(3,085)

(924)

(2,161)

Receive

Fixed

2.38%

..

Semi-Annual

Pay

Floating

1-day

REPO_CORRA

.....

Semi-Annual

12/17/27

3,418,000

CAD

2,362

1,375

987

Receive

Fixed