Putnam Master Intermediate Income Trust Overview
Pro stress-test →Putnam Master Intermediate Income Trust is a closed-ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund seeks to provide high current income and relative stability of net asset value by allocating investments among U.S. investment-grade sector, high-yield sector, and international sector. The fund was formed on April 29, 1988.
Strategic Profile
Pro stress-test →The fund invests in bonds of companies operating across diversified sectors and benchmarks performance against the Barclays Capital Government/Credit Bond Index. As a closed-end fund, PIM trades on the NYSE and targets income-focused investors seeking diversified fixed-income exposure.
Competitive Landscape
Pro stress-test →PIM competes with other investment-grade and income-focused closed-end funds and open-end bond mutual funds. Primary competitors include Putnam's own Premier Income Trust (PPT) and similar intermediate bond funds from other major asset managers like Vanguard, BlackRock, and PIMCO, which offer comparable diversified fixed-income strategies.
Industry Context
Putnam Master Intermediate Income Trust operates in Closed-end bond funds.
Key facts
Founded: 1988 · Headquarters: Boston, MA · Employees: N/A · Revenue: $10.59M (FY2025) · Market cap: N/A