Putnam Master Intermediate Income Trust is a closed-end fixed income mutual fund launched and managed by Putnam Investment Management, LLC, and co-managed by Putnam Investments Limited. It invests in the U.S. fixed income markets, primarily in bonds of companies across diversified sectors. The fund benchmarks its performance against the Barclays Capital Government/Credit Bond Index. It was formed on April 29, 1988 and is domiciled in the United States.