Putnam Master Intermediate Income Trust (PIM) - Net Assets
Based on the latest financial reports, Putnam Master Intermediate Income Trust (PIM) has net assets worth $163.28 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($324.43 Million) and total liabilities ($161.16 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset allocation strategy of Putnam Master Intermediate Income Trust to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $163.28 Million |
| % of Total Assets | 50.33% |
| Annual Growth Rate | -2.35% |
| 5-Year Change | -19.98% |
| 10-Year Change | -36.6% |
| Growth Volatility | 27.79 |
Putnam Master Intermediate Income Trust - Net Assets Trend (1996–2025)
This chart illustrates how Putnam Master Intermediate Income Trust's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see PIM market cap overview.
Annual Net Assets for Putnam Master Intermediate Income Trust (1996–2025)
The table below shows the annual net assets of Putnam Master Intermediate Income Trust from 1996 to 2025. Also explore Putnam Master Intermediate Income Trust annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $167.04 Million | -1.12% |
| 2024-09-30 | $168.93 Million | +4.83% |
| 2023-09-30 | $161.14 Million | -8.93% |
| 2022-09-30 | $176.94 Million | -15.23% |
| 2021-09-30 | $208.74 Million | -5.16% |
| 2020-09-30 | $220.09 Million | -11.95% |
| 2019-09-30 | $249.96 Million | -4.78% |
| 2018-09-30 | $262.51 Million | -2.61% |
| 2017-09-30 | $269.54 Million | +2.31% |
| 2016-09-30 | $263.47 Million | -5.40% |
| 2015-09-30 | $278.51 Million | -15.00% |
| 2014-09-30 | $327.64 Million | -5.90% |
| 2013-09-30 | $348.18 Million | -2.28% |
| 2012-09-30 | $356.30 Million | +1.51% |
| 2011-09-30 | $351.00 Million | -7.97% |
| 2010-09-30 | $381.40 Million | -0.52% |
| 2009-09-30 | $383.40 Million | -2.19% |
| 2008-09-30 | $392.00 Million | -32.27% |
| 2007-09-30 | $578.80 Million | -12.88% |
| 2006-09-30 | $664.40 Million | -6.33% |
| 2005-09-30 | $709.30 Million | -0.88% |
| 2004-09-30 | $715.60 Million | +2.13% |
| 2003-09-30 | $700.70 Million | +11.65% |
| 2002-09-30 | $627.60 Million | -4.20% |
| 2001-09-30 | $655.10 Million | -8.24% |
| 2000-09-30 | $713.90 Million | -5.76% |
| 1999-09-30 | $757.50 Million | -6.98% |
| 1998-09-30 | $814.30 Million | +141.20% |
| 1997-09-30 | $337.60 Million | +1.50% |
| 1996-09-30 | $332.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Putnam Master Intermediate Income Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 12357598300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $292.61 Million | 175.18% |
| Total Equity | $167.04 Million | 100.00% |
Putnam Master Intermediate Income Trust Competitors by Market Cap
The table below lists competitors of Putnam Master Intermediate Income Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rhinebeck Bancorp Inc
NASDAQ:RBKB
|
$145.10 Million |
|
Arrow Greentech Limited
NSE:ARROWGREEN
|
$145.10 Million |
|
HCM Acquisition Corp
NASDAQ:HCMA
|
$145.17 Million |
|
Otello Corporation ASA
OL:OTEC
|
$145.30 Million |
|
Al-Bad Massuot Yitzhak Ltd
TA:ALBA
|
$144.98 Million |
|
Domo Inc
NASDAQ:DOMO
|
$144.89 Million |
|
Nerdy Inc
NYSE:NRDY
|
$144.88 Million |
|
Falco Resources Ltd
V:FPC
|
$144.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Putnam Master Intermediate Income Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 168,928,059 to 167,035,539, a change of -1,892,520 (-1.1%).
- Net income of 10,828,146 contributed positively to equity growth.
- Other factors decreased equity by 12,720,666.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.83 Million | +6.48% |
| Other Changes | $-12.72 Million | -7.62% |
| Total Change | $- | -1.12% |
Book Value vs Market Value Analysis
This analysis compares Putnam Master Intermediate Income Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.35x to 0.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-09-30 | $8.58 | $3.01 | x |
| 1997-09-30 | $8.79 | $3.01 | x |
| 1998-09-30 | $8.14 | $3.01 | x |
| 1999-09-30 | $7.57 | $3.01 | x |
| 2000-09-30 | $7.13 | $3.01 | x |
| 2001-09-30 | $6.54 | $3.01 | x |
| 2002-09-30 | $6.26 | $3.01 | x |
| 2003-09-30 | $6.99 | $3.01 | x |
| 2004-09-30 | $7.13 | $3.01 | x |
| 2005-09-30 | $7.07 | $3.01 | x |
| 2006-09-30 | $7.08 | $3.01 | x |
| 2007-09-30 | $7.13 | $3.01 | x |
| 2008-09-30 | $5.88 | $3.01 | x |
| 2009-09-30 | $5.94 | $3.01 | x |
| 2010-09-30 | $5.83 | $3.01 | x |
| 2011-09-30 | $5.34 | $3.01 | x |
| 2012-09-30 | $5.42 | $3.01 | x |
| 2013-09-30 | $5.50 | $3.01 | x |
| 2014-09-30 | $5.65 | $3.01 | x |
| 2015-09-30 | $5.03 | $3.01 | x |
| 2016-09-30 | $4.86 | $3.01 | x |
| 2017-09-30 | $4.92 | $3.01 | x |
| 2018-09-30 | $4.99 | $3.01 | x |
| 2019-09-30 | $4.83 | $3.01 | x |
| 2020-09-30 | $4.30 | $3.01 | x |
| 2021-09-30 | $3.97 | $3.01 | x |
| 2022-09-30 | $3.52 | $3.01 | x |
| 2023-09-30 | $3.32 | $3.01 | x |
| 2024-09-30 | $3.51 | $3.01 | x |
| 2025-09-30 | $3.39 | $3.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Putnam Master Intermediate Income Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 98.80%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.25x
- Recent ROE (6.48%) is above the historical average (4.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 9.63% | 115.10% | 0.08x | 1.08x | $-1.24 Million |
| 1997 | 9.54% | 114.49% | 0.07x | 1.13x | $-1.54 Million |
| 1998 | 0.46% | 6.08% | 0.07x | 1.08x | $-77.68 Million |
| 1999 | 1.36% | 15.63% | 0.08x | 1.04x | $-65.48 Million |
| 2000 | 2.89% | 29.52% | 0.09x | 1.05x | $-50.74 Million |
| 2001 | 0.27% | 2.70% | 0.09x | 1.05x | $-63.77 Million |
| 2002 | 4.18% | 45.37% | 0.08x | 1.09x | $-36.55 Million |
| 2003 | 17.24% | 224.25% | 0.07x | 1.14x | $50.71 Million |
| 2004 | 8.88% | 137.94% | 0.05x | 1.31x | $-8.01 Million |
| 2005 | 5.05% | 94.31% | 0.05x | 1.11x | $-35.13 Million |
| 2006 | 4.33% | 74.32% | 0.05x | 1.07x | $-37.65 Million |
| 2007 | 5.67% | 87.66% | 0.06x | 1.14x | $-25.05 Million |
| 2008 | -14.64% | -137.36% | 0.07x | 1.45x | $-96.59 Million |
| 2009 | 9.48% | 144.19% | 0.04x | 1.61x | $-1.99 Million |
| 2010 | 16.48% | 152.45% | 0.08x | 1.37x | $24.70 Million |
| 2011 | -0.53% | -7.03% | 0.05x | 1.60x | $-36.96 Million |
| 2012 | 7.73% | 131.90% | 0.04x | 1.44x | $-8.09 Million |
| 2013 | 6.88% | 104.63% | 0.05x | 1.22x | $-10.78 Million |
| 2014 | 7.81% | 120.91% | 0.05x | 1.21x | $-7.16 Million |
| 2015 | -6.78% | -111.66% | 0.03x | 2.07x | $-46.66 Million |
| 2016 | 2.68% | 39.25% | 0.04x | 1.94x | $-19.26 Million |
| 2017 | 9.56% | 97.59% | 0.05x | 1.89x | $-1.20 Million |
| 2018 | 4.01% | 93.95% | 0.03x | 1.51x | $-15.72 Million |
| 2019 | 4.54% | 94.47% | 0.02x | 1.95x | $-13.64 Million |
| 2020 | -4.17% | 0.00% | -0.01x | 2.89x | $-31.18 Million |
| 2021 | 1.51% | 84.25% | 0.01x | 1.82x | $-17.72 Million |
| 2022 | -8.58% | 0.00% | -0.04x | 2.33x | $-32.87 Million |
| 2023 | 1.65% | 82.12% | 0.01x | 1.91x | $-13.46 Million |
| 2024 | 12.86% | 97.97% | 0.09x | 1.48x | $4.82 Million |
| 2025 | 6.48% | 98.80% | 0.05x | 1.25x | $-5.88 Million |
Industry Comparison
This section compares Putnam Master Intermediate Income Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $551,643,441
- Average return on equity (ROE) among peers: -41.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Putnam Master Intermediate Income Trust (PIM) | $163.28 Million | 9.63% | 0.99x | $145.03 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.55 Billion | 15.37% | 0.00x | $3.30 Billion |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $175.57 Million | -11.78% | 0.57x | $77.32 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.85 Million | -51.03% | 0.55x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $330.96 Million |
| Amber International Holding Limited (AMBR) | $14.38 Million | -201.69% | 2.45x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.40 Billion |
About Putnam Master Intermediate Income Trust
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 Barcla… Read more