Company: PIM
Filing Date: 2025-12-01
Form Type: N-CSR
Source: 0001133228-25-012988
Chunk: 37

Company: PUTNAM MASTER INTERMEDIATE INCOME TRUST
Filing Date: 2025-12-01
Form: N-CSR
Chunk 37
---
257,318

#### Life

#### Sciences

#### Tools
#### &

#### Services

#### 0.1%
Illumina,

Inc.

,

Senior

Note

,

4.65

%

,

9/09/26

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

United

States

117,000

117,576

#### Machinery

#### 0.1%
b

Terex

Corp.

,

Senior

Note

,

144A,

6.25

%

,

10/15/32

...........

United

States

215,000

219,196

Putnam

Master

Intermediate

Income

Trust

Schedule

of

Investments

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

### financial
statements.

Annual

Report

17

a

a

#### Country

#### Principal

#### Amount
***

a**

#### Value
a

#### a

#### a
a

#### a

#### Corporate

#### Bonds
(continued)

#### Media

#### 0.7%
b

Clear

Channel

Outdoor

Holdings,

Inc.

,

Senior

Secured

Note

,

144A,

7.875

%

,

4/01/30

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

United

States

285,000

$

299,464

b

McGraw-Hill

Education,

Inc.

,

Senior

Secured

Note,

144A,

5.75%,

8/01/28

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

United

States

117,000

117,031

Senior

Secured

Note,

144A,

7.375%,

9/01/31

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

United

States

153,000

159,091

b

Outfront

Media

Capital

LLC

/

Outfront

Media

Capital

Corp.

,

Senior

Note,

144A,

5%,

8/15/27

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

United

States

150,000

149,366

Senior

Secured

Note,

144A,

7.375%,

2/15/31

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

United

States

76,000

80,233

b

Sinclair

Television

Group,

Inc.

,

Senior

Secured

Note

,

144A,

8.125

%

,

2/15/33

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

United

States

250,000

256,769

1,061,954

#### Metals
#### &

#### Mining

#### 0