Putnam Master Intermediate Income Trust (PIM)

• Market cap: $156M
• 1 day: -1.22%
• 5 days: 0.62%
• 1 month: 0.00%
• 3 months: -5.28%
• 6 months: 1.25%
• Year to date: 0.62%
• 1 year: 1.25%
• 5 years: -32.14%
• 10 years: -34.88%

About: Putnam Master Intermediate Income Trust is a closed-end fund. Its investment objective is to provide high current income and relative stability of net asset value. The fund pursues its goal by investing in U.S. high-grade, high-yield, and international fixed-income securities with limited maturities. The fund's portfolio includes the United States Government and agency mortgage obligations; mortgage-backed securities; corporate bonds and notes, and foreign government and agency bonds and notes.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

5% more capital invested

Capital invested by funds: $84.3M [Q2] → $88.5M (+$4.12M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0.12% less ownership

Funds ownership: 54.09% [Q2] → 53.98% (-0.12%) [Q3]

4% less funds holding

Funds holding: 48 [Q2] → 46 (-2) [Q3]

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

33% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 15