Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 74

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 74
---
,000

560,731

g

Structured

Asset

Mortgage

Investments

II

Trust

,

2006-AR7

,

A1BG

,

FRN

,

4.392

%

,

(

1-month

SOFR

+

0.234

%

),

8/25/36

...

United

States

119,162

105,731

b,k

Towd

Point

Mortgage

Trust

,

2019-2

,

A2

,

144A,

FRN

,

3.75

%

,

12/25/58

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

United

States

216,000

196,576

g

WaMu

Mortgage

Pass-Through

Certificates

Trust

,

2005-AR13

,

A1C3

,

FRN

,

5.252

%

,

(

1-month

SOFR

+

1.094

%

),

10/25/45

..

United

States

62,493

61,385

16,603,664

a

a

a

a

a

a

#### Total

#### Residential

#### Mortgage-Backed

#### Securities
**(Cost

$15,714,651)

...............**

#### 16,603,664

#### Agency

#### Commercial

#### Mortgage-Backed

#### Securities

#### 12.1%

### Financial

#### Services

#### 12.1%
j

FHLMC

,

304,

C37,

IO,

3.5%,

12/15/27

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

United

States

14,963

296

4000,

PI,

IO,

4.5%,

1/15/42

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

United

States

106,300

14,126

4077,

IK,

IO,

5%,

7/15/42

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

United

States

355,980

75,381

4105,

HI,

IO,

3.5%,

7/15/41

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

United

States

115,579

5,861

Putnam

Master

Intermediate

Income

Trust

Schedule

of

Investments

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

### financial
statements.

Annual

Report

29

a

a

#### Country

#### Principal

#### Amount
***

a**

#### Value
a

####