XPIMX: Putnam Master Intermediate Income

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XPIMX Putnam Master Intermediate Income


Profile

XPIMX - Profile

Vitals

  • YTD Return -15.7%
  • 3 Yr Annualized Return -6.4%
  • 5 Yr Annualized Return -5.1%
  • Net Assets $249 M
  • Holdings in Top 10 50.7%

52 WEEK LOW AND HIGH

$4.12
$3.92
$5.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -15.7%
  • 3 Yr Annualized Total Return -6.4%
  • 5 Yr Annualized Total Return -5.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Master Intermediate Income Trust
  • Fund Family Name
    Putnam
  • Inception Date
    Apr 29, 1988
  • Shares Outstanding
    51795725
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    D. William Kohli

Fund Description

N/A


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Categories

Performance

XPIMX - Performance

Return Ranking - Trailing

Period XPIMX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.7% -50.8% 3.2% 87.89%
1 Yr -14.5% -50.1% 152.8% 86.03%
3 Yr -6.4%* -35.9% 33.8% 88.00%
5 Yr -5.1%* -35.8% 18.3% 89.92%
10 Yr -3.4%* -6.3% 4.4% 96.85%

* Annualized

Return Ranking - Calendar

Period XPIMX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% -35.1% 156.4% 64.93%
2018 -7.0% -48.0% 0.8% 68.13%
2017 0.6% -14.8% 11.2% 87.54%
2016 0.0% -11.2% 19.1% 90.07%
2015 -7.9% -51.1% 4.0% 81.48%

Total Return Ranking - Trailing

Period XPIMX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.7% -50.8% 3.2% 87.89%
1 Yr -14.5% -50.1% 154.8% 86.03%
3 Yr -6.4%* -35.9% 37.9% 90.00%
5 Yr -5.1%* -35.8% 22.2% 90.73%
10 Yr -3.4%* -6.3% 4.8% 96.85%

* Annualized

Total Return Ranking - Calendar

Period XPIMX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% -35.1% 158.4% 66.67%
2018 -7.0% -48.0% 4.8% 76.88%
2017 0.6% -14.8% 14.0% 92.26%
2016 0.0% -11.2% 22.5% 92.20%
2015 -7.9% -51.1% 4.0% 88.89%

NAV & Total Return History


Holdings

XPIMX - Holdings

Concentration Analysis

XPIMX Category Low Category High XPIMX % Rank
Net Assets 249 M 351 K 137 B 65.85%
Number of Holdings 1409 6 7410 13.62%
Net Assets in Top 10 97.8 M -41 B 6.16 B 44.14%
Weighting of Top 10 50.70% 4.1% 214.0% 15.41%

Top 10 Holdings

  1. Federal National Mortgage Association 3.5% 17.50%
  2. Federal National Mortgage Association 4% 12.25%
  3. Federal National Mortgage Association 3% 4.13%
  4. 5 Year Treasury Note Future June 20 3.84%
  5. 2 Year Treasury Note Future June 20 3.15%
  6. Federal National Mortgage Association 3% 2.48%
  7. Mbx.Fn30.500.10 R Usl1m P 01/12/41 Bc 2.10%
  8. Euro-Schatz Fut Mar20 Duh0 1.89%
  9. Government National Mortgage Association 4.5% 1.69%
  10. Government National Mortgage Association 4% 1.67%

Asset Allocation

Weighting Return Low Return High XPIMX % Rank
Bonds
128.35% 31.46% 195.17% 7.05%
Convertible Bonds
3.96% 0.00% 12.05% 17.44%
Stocks
0.04% -9.73% 27.98% 52.30%
Preferred Stocks
0.00% 0.00% 54.19% 98.09%
Other
-1.34% -32.79% 30.50% 97.28%
Cash
-31.01% -102.73% 49.23% 92.92%

Stock Sector Breakdown

Weighting Return Low Return High XPIMX % Rank
Communication Services
97.39% 0.00% 100.00% 2.39%
Healthcare
1.81% 0.00% 50.00% 28.69%
Energy
0.69% 0.00% 100.00% 46.61%
Industrials
0.11% 0.00% 100.00% 39.04%
Utilities
0.00% 0.00% 100.00% 97.61%
Technology
0.00% 0.00% 52.93% 97.21%
Real Estate
0.00% 0.00% 100.00% 97.61%
Financial Services
0.00% 0.00% 100.00% 96.41%
Consumer Defense
0.00% 0.00% 26.81% 94.82%
Consumer Cyclical
0.00% 0.00% 100.00% 98.80%
Basic Materials
0.00% 0.00% 100.00% 94.82%

Stock Geographic Breakdown

Weighting Return Low Return High XPIMX % Rank
US
0.04% -0.81% 27.05% 53.68%
Non US
0.00% -9.82% 9.95% 90.19%

Bond Sector Breakdown

Weighting Return Low Return High XPIMX % Rank
Securitized
57.13% 0.00% 99.12% 13.62%
Government
20.04% 0.00% 99.36% 38.42%
Corporate
19.77% 0.00% 94.01% 83.65%
Cash & Equivalents
2.30% 0.62% 48.65% 79.02%
Derivative
0.75% -1.18% 43.63% 30.79%
Municipal
0.00% 0.00% 36.27% 98.09%

Bond Geographic Breakdown

Weighting Return Low Return High XPIMX % Rank
US
110.86% 14.90% 194.76% 4.90%
Non US
17.49% -15.80% 72.18% 58.04%

Expenses

XPIMX - Expenses

Operational Fees

XPIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.06% 24.26% 64.44%
Management Fee 0.75% 0.00% 2.25% 79.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

XPIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

XPIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XPIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 472.00% 100.00%

Distributions

XPIMX - Distributions

Dividend Yield Analysis

XPIMX Category Low Category High XPIMX % Rank
Dividend Yield 0.00% 0.00% 5.91% 91.67%

Dividend Distribution Analysis

XPIMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

XPIMX Category Low Category High XPIMX % Rank
Net Income Ratio 4.90% 0.87% 10.10% 12.47%

Capital Gain Distribution Analysis

XPIMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

XPIMX - Fund Manager Analysis

Managers

D. William Kohli


Start Date

Tenure

Tenure Rank

Jul 01, 2002

17.68

17.7%

Mr. Kohli is CIO. He is responsible for overall strategy and positioning of Putnam’s fixed income products. In addition, he is a portfolio manager for Putnam's institutional strategies, including the Fixed Income Global Alpha strategies. Mr. Kohli specializes in global rates and currencies and oversees the Portfolio Construction group, which draws on the security-specific expertise of sector specialist teams within Fixed Income. He is also a member of Putnam's Operating Committee. Mr. Kohli joined Putnam in 1994 and has been in the investment industry since 1988.

Paul Scanlon


Start Date

Tenure

Tenure Rank

Mar 24, 2005

14.95

15.0%

Mr. Scanlon is a Co-Head of Fixed Income, specializing in global credit and tax-exempt strategies. He is responsible for managing all facets of the corporate credit investment process and overseeing Putnam's taxexempt team. In addition, he is accountable for the research, trading, and creation of stand-alone corporate credit portfolios as well as a number of multi-sector strategies. Mr. Scanlon joined Putnam in 1999 and has been in the investment industry since 1986. Paul is a CFA charterholder.

Michael Atkin


Start Date

Tenure

Tenure Rank

Oct 01, 2007

12.42

12.4%

Mr. Atkin is a Portfolio Manager in the Global Fixed Income group. He is responsible for managing coreglobal fixed income, emerging-market debt, fixed income global alpha, and global government strategies. In addition, he leads the macroeconomic discussions as part of the Portfolio Construction group and manages a team of analysts who evaluate government securities in G7 countries and emerging markets. Mr. Atkin joined Putnam in 1997 and has been in the investment industry since 1988.

Michael Salm


Start Date

Tenure

Tenure Rank

Apr 01, 2011

8.92

8.9%

Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 28.81 5.54 3.67