Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 40

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 40
---
/29

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

United

States

217,000

212,512

b

Venture

Global

LNG,

Inc.

,

Senior

Secured

Note

,

144A,

8.375

%

,

6/01/31

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

United

States

450,000

472,804

b

Venture

Global

Plaquemines

LNG

LLC

,

Senior

Secured

Bond,

144A,

7.75%,

5/01/35

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

United

States

30,000

33,880

Senior

Secured

Bond,

144A,

6.75%,

1/15/36

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

United

States

70,000

74,396

Senior

Secured

Note,

144A,

7.5%,

5/01/33

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

United

States

30,000

33,169

Senior

Secured

Note,

144A,

6.5%,

1/15/34

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

United

States

45,000

47,398

Putnam

Master

Intermediate

Income

Trust

Schedule

of

Investments

franklintempleton.com

Annual

Report

The

accompanying

notes

are

an

integral

part

of

these

### financial
statements.

18

a

a

#### Country

#### Principal

#### Amount
***

a**

#### Value
a

#### a

#### a
a

#### a

#### Corporate

#### Bonds
(continued)

#### Oil,

#### Gas
#### &

#### Consumable

#### Fuels
(continued)

Viper

Energy

Partners

LLC

,

Senior

Bond

,

5.7

%

,

8/01/35

......

United

States

24,000

$

24,416

5,040,392

#### Paper
#### &

#### Forest

#### Products

#### 0.1%
b

Magnera

Corp.

,

Senior

Note

,

144A,

4.75

%

,

11/15/29

.........

United

States

240,000

212,686

#### Passenger

#### Airlines

#### 0.4%
b

Air

France-KLM

,

Senior

Note

,

Reg

S,

8.125

%

,

5/31/28

.......

France

200,000

EUR

262,777

b