Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 88

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 88
---

contracts

outstanding.

See

Note

1(e).

At

September

30,

2025,

the

Fund

had

the

following

forward

exchange

contracts

outstanding.

See

Note

1

(

e

).

#### Futures

#### Contracts

#### Description

#### Type

#### Number

#### of

#### Contracts

#### Notional

#### Amount
*****

#### Expiration

#### Date

#### Value/

#### Unrealized

#### Appreciation
**(Depreciation)**

#### Interest

#### rate

#### contracts
Euro-Bobl

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

Short

24

$

3,319,556

12/08/25

$

3,081

U.S.

Treasury

10

Year

Ultra

Notes

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

Long

65

7,480,078

12/19/25

54,595

U.S.

Treasury

2

Year

Notes

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

Short

9

1,875,586

12/31/25

829

U.S.

Treasury

5

Year

Notes

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

Long

84

9,172,406

12/31/25

(9,959)

Total

Futures

Contracts

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

$48,546

*

As

of

period

end.

#### Forward

#### Exchange

#### Contracts

#### Currency

#### Counter-

#### party

#### a

#### Type

#### Quantity

#### Contract

#### Amount
*****

#### Settlement

#### Date

#### Unrealized

#### Appreciation

#### Unrealized

#### Depreciation

#### a

#### a

#### a

#### a

#### a

#### a

#### a

#### a

#### OTC

#### Forward

#### Exchange

#### Contracts
Australian

Dollar

....

BZWS

Buy

217,200

143,097

10/15/25

$

653

$

—

Australian

Dollar

....

BZWS

Sell

320,300

211,369

10/15/25

—

(616)

Australian

Dollar

....

HSBK

Sell

58,000

38,170

10/15/25

—

(216)

Australian

Dollar

....

JPHQ

Sell

727,000

478,864

10/15/25

—

(2,288)

Australian

Dollar

....

MSCO

Sell

902,400

593,904

10/15/25

—

(