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Putnam Master Intermediate Income Trust (PIM)
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Upturn Advisory Summary
01/09/2026: PIM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 17.33% | Avg. Invested days 96 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 161.42M USD | Price to earnings Ratio 13.96 | 1Y Target Price - |
Price to earnings Ratio 13.96 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.3 | 52 Weeks Range 3.14 - 3.45 | Updated Date 06/29/2025 |
52 Weeks Range 3.14 - 3.45 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 7.88% | Basic EPS (TTM) 0.24 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 101.83% | Operating Margin (TTM) 83.5% |
Management Effectiveness
Return on Assets (TTM) 2.17% | Return on Equity (TTM) 13.16% |
Valuation
Trailing PE 13.96 | Forward PE - | Enterprise Value 161355056 | Price to Sales(TTM) 14.27 |
Enterprise Value 161355056 | Price to Sales(TTM) 14.27 | ||
Enterprise Value to Revenue 13.5 | Enterprise Value to EBITDA - | Shares Outstanding 48184300 | Shares Floating - |
Shares Outstanding 48184300 | Shares Floating - | ||
Percent Insiders 0.01 | Percent Institutions 58.34 |
Upturn AI SWOT
Putnam Master Intermediate Income Trust
Company Overview
History and Background
Putnam Master Intermediate Income Trust (PIMIX) is a closed-end investment company. It was established to provide investors with income and capital appreciation through investments in a diversified portfolio of fixed-income securities, primarily focusing on investment-grade corporate bonds and U.S. government and agency securities with intermediate-term maturities. Over its history, the trust has adapted to changing market conditions and interest rate environments to maintain its investment objectives.
Core Business Areas
- Fixed Income Investing: The trust's core business is investing in a diversified portfolio of fixed-income securities. This includes corporate bonds, government and agency securities, mortgage-backed securities, and other debt instruments, with a focus on those rated investment-grade and possessing intermediate maturities.
Leadership and Structure
Putnam Master Intermediate Income Trust is managed by Putnam Investments. The investment decisions are made by a team of portfolio managers overseen by a board of trustees, who are responsible for the governance and strategic direction of the trust.
Top Products and Market Share
Key Offerings
- Product Name 1: Putnam Master Intermediate Income Trust (PIMIX) - This is the primary and sole offering of the trust. It represents a diversified portfolio of intermediate-term fixed-income securities. Market share data for individual closed-end funds is not typically tracked in the same way as open-end mutual funds or ETFs. Competitors would include other closed-end bond funds and actively managed bond ETFs focusing on similar investment strategies.
Market Dynamics
Industry Overview
The fixed-income market, particularly the segment focused on intermediate-term investment-grade bonds, is influenced by macroeconomic factors such as inflation, interest rates set by central banks, economic growth, and credit market conditions. The competitive landscape for bond funds is robust, with numerous actively managed and passively managed offerings available.
Positioning
Putnam Master Intermediate Income Trust aims to provide consistent income and capital preservation through diversification and active management within the intermediate-term fixed-income space. Its competitive advantage lies in Putnam Investments' established expertise in fixed-income research and portfolio management.
Total Addressable Market (TAM)
The total addressable market for fixed-income investments is vast, encompassing trillions of dollars in global debt markets. Putnam Master Intermediate Income Trust operates within the segment of this TAM focused on intermediate-term, investment-grade debt, serving investors seeking income and relative stability.
Upturn SWOT Analysis
Strengths
- Experienced investment management team at Putnam Investments.
- Diversified portfolio of fixed-income securities.
- Focus on investment-grade debt for risk management.
- Closed-end structure can allow for stable asset base.
Weaknesses
- Sensitivity to interest rate fluctuations.
- Potential for discount to Net Asset Value (NAV) in closed-end structure.
- Limited product diversification (single fund offering).
- Dependence on market sentiment towards fixed income.
Opportunities
- Potential for capital appreciation if interest rates decline.
- Income generation in a stable to rising rate environment (depending on bond selection).
- Investor demand for income-producing assets.
- Tactical allocation opportunities within fixed income.
Threats
- Rising interest rates can negatively impact bond prices.
- Credit risk in corporate bond holdings.
- Increased competition from ETFs and other bond funds.
- Economic downturns can lead to credit events.
Competitors and Market Share
Key Competitors
- PIMCO Income Strategy Fund (PFL)
- BlackRock Corporate High Yield Fund, Inc. (HYT)
- Invesco High Income 2023 Target Term Fund (IHT)
Competitive Landscape
Putnam Master Intermediate Income Trust competes with a wide array of other closed-end bond funds, as well as open-end bond funds and bond ETFs. Its advantages include its established track record and the expertise of Putnam Investments. Disadvantages could include a potential discount to NAV, which can impact shareholder returns if not managed effectively.
Growth Trajectory and Initiatives
Historical Growth: Historical growth would be assessed by the growth in NAV per share and the total return generated over various periods. This would reflect the fund's ability to generate income and capital gains.
Future Projections: Future projections for a closed-end fund are highly dependent on market conditions, interest rate movements, and the performance of its underlying portfolio. Analyst estimates for such funds are less common than for publicly traded companies.
Recent Initiatives: Recent initiatives would typically involve adjustments to the portfolio's asset allocation, credit quality, or duration in response to market outlooks, or potential changes to fund expenses or distribution policies.
Summary
Putnam Master Intermediate Income Trust is a well-established closed-end fund focused on intermediate-term investment-grade fixed-income securities. Its strength lies in the fund manager's expertise and diversified portfolio. However, it faces challenges from interest rate volatility and a competitive market. Investors should monitor its Net Asset Value performance and market price discount to assess its overall strength.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Putnam Investments official website
- Financial data aggregators (e.g., Morningstar, Yahoo Finance)
- SEC filings (e.g., N-PORT, prospectus)
Disclaimers:
This JSON output is for informational purposes only and does not constitute investment advice. Financial data and market share estimates are subject to change and may not be exhaustive. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Putnam Master Intermediate Income Trust
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 1988-04-19 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the Barclays Capital Government/Credit Bond Index. Putnam Master Intermediate Income Trust was formed on April 29, 1988 and is domiciled in the United States.
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