Franklin Master Intermediate Income Trust
Sponsor: Franklin Templeton · Inception Apr 19, 1988 · Pays monthly
Market priceShare price
$3.02
-0.98% ($-0.03)
NAVAsset value per share
$3.27
as of Oct 15, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
7.65% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
8.74%
regular, annualised · on NAV 8.07%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 16, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 16, 2026, 10:41 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jun 30, 2026, filed Aug 27, 2026. 734 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | FNMA or FHLMC | MBS | United States | 7.54% | $15M |
| 2 | FNMA or FHLMC | MBS | United States | 3.41% | $6.8M |
| 3 | GNMA | MBS | United States | 2.52% | $5M |
| 4 | Franklin Ultra Short Bond ETF | OTHER | United States | 2.10% | $4.2M |
| 5 | GNMA | MBS | United States | 1.98% | $3.9M |
| 6 | FNMA or FHLMC | MBS | United States | 1.53% | $3.1M |
| 7 | Putnam Short Term Investment Fund | OTHER | United States | 1.49% | $3M |
| 8 | N/A | Rate deriv. | United States | 1.21% | $2.4M |
| 9 | FHLMC | MBS | United States | 0.62% | $1.2M |
| 10 | Alternative Loan Trust | MBS | United States | 0.55% | $1.1M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Mortgage-backed | 43.99% | $87.7M |
| Debt | 41.50% | $82.7M |
| Loans | 4.81% | $9.6M |
| OTHER | 3.59% | $7.2M |
| ABS (other) | 2.66% | $5.3M |
| CDO/CLO | 1.48% | $2.9M |
| Derivative (interest rate) | 1.40% | $2.8M |
| Derivative (credit) | 0.27% | $542K |
| Short-term investment vehicle | 0.26% | $521K |
| Derivative (FX) | 0.04% | $89.4K |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 83.66% | $167M |
| Cayman Islands | 1.15% | $2.3M |
| Bermuda | 1.14% | $2.3M |
| Canada | 1.05% | $2.1M |
| France | 0.69% | $1.4M |
| Netherlands | 0.68% | $1.4M |
| RO | 0.49% | $986K |
| Türkiye | 0.48% | $950K |
| Brazil | 0.47% | $935K |
| United Kingdom | 0.44% | $871K |
| Luxembourg | 0.44% | $871K |
| Jersey | 0.43% | $864K |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 83.66% | $167M |
| Other | 4.44% | $8.9M |
| Developed Europe | 3.94% | $7.9M |
| Offshore domiciles | 2.52% | $5M |
| Latin America | 1.76% | $3.5M |
| Canada | 1.05% | $2.1M |
| Emerging Europe | 0.87% | $1.7M |
| Asia ex-Japan | 0.66% | $1.3M |
| Africa | 0.61% | $1.2M |
| Australia & New Zealand | 0.29% | $578K |
| Middle East | 0.20% | $395K |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Non-U.S. sovereign | 7.61% | $15.2M |
| Corporate | 58.78% | $117M |
| Registered fund | 3.59% | $7.2M |
| U.S. GSE | 16.70% | $33.3M |
| U.S. government agency | 11.28% | $22.5M |
| Other | 1.74% | $3.5M |
| U.S. Treasury | 0.31% | $625K |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 2 | 96.39% | $192M |
| Level 1 | 3.61% | $7.2M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 98.77% | $197M |
| N/A | 1.71% | $3.4M |
| Short | -0.49% | $-969K |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 734 positions
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| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| FNMA or FHLMC | 01F052680 | MBS | USGSE | United States | 15,000,000 | principal | $15M | 7.54% | 2 |
| FNMA or FHLMC | 01F042681 | MBS | USGSE | United States | 7,100,000 | principal | $6.8M | 3.41% | 2 |
| GNMA | 21H052686 | MBS | USGA | United States | 5,000,000 | principal | $5M | 2.52% | 2 |
| Franklin Ultra Short Bond ETF | 35473P496 | OTHER | RF | United States | 166,982 | shares | $4.2M | 2.10% | 1 |
| GNMA | 21H050680 | MBS | USGA | United States | 4,000,000 | principal | $3.9M | 1.98% | 2 |
| FNMA or FHLMC | 01F060683 | MBS | USGSE | United States | 3,000,000 | principal | $3.1M | 1.53% | 2 |
| Putnam Short Term Investment Fund | 74676P664 | OTHER | RF | United States | 2,976,512 | shares | $3M | 1.49% | 1 |
| N/A | — | Rate deriv. | OTHER | United States | 19,337,900 | principal | $2.4M | 1.21% | 2 |
| FHLMC | 35564KUL1 | MBS | CORP | United States | 1,150,000 | principal | $1.2M | 0.62% | 2 |
| Alternative Loan Trust | 02146QAD5 | MBS | CORP | United States | 1,227,986 | principal | $1.1M | 0.55% | 2 |
| Lehman XS Trust | 52523KBH6 | ABS | CORP | United States | 1,075,097 | principal | $1M | 0.52% | 2 |
| VCAT LLC | 921968AA1 | MBS | CORP | United States | 985,502 | principal | $981K | 0.49% | 2 |
| FNMA or FHLMC | 01F032682 | MBS | USGSE | United States | 1,000,000 | principal | $907K | 0.45% | 2 |
| FNMA or FHLMC | 01F030686 | MBS | USGSE | United States | 1,000,000 | principal | $872K | 0.44% | 2 |
| JPMorgan Chase & Co. | 46647PDW3 | Debt | CORP | United States | 820,000 | principal | $824K | 0.41% | 2 |
| FHLMC Multifamily Structured Credit Risk | 35563GAB5 | MBS | CORP | United States | 797,000 | principal | $819K | 0.41% | 2 |
| FHLMC | 35565XBE9 | MBS | CORP | United States | 609,000 | principal | $798K | 0.40% | 2 |
| T-Mobile USA, Inc. | 87264ABV6 | Debt | CORP | United States | 825,000 | principal | $798K | 0.40% | 2 |
| FHLMC | 35563XBE1 | MBS | CORP | United States | 649,000 | principal | $783K | 0.39% | 2 |
| Republic of Guatemala | USP5015VAQ97 | Debt | NUSS | GT | 700,000 | principal | $748K | 0.38% | 2 |
| FHLMC | 3137FWKE9 | MBS | USGSE | United States | 3,282,309 | principal | $747K | 0.37% | 2 |
| Federative Republic of Brazil | 105756CC2 | Debt | NUSS | Brazil | 770,000 | principal | $734K | 0.37% | 2 |
| FNMA | 3136BFDQ3 | MBS | USGSE | United States | 3,248,314 | principal | $722K | 0.36% | 2 |
| NVIDIA Corp. | 67066GAR5 | Debt | CORP | United States | 705,000 | principal | $703K | 0.35% | 2 |
| Paraguay Government International Bond | USP75744AL92 | Debt | NUSS | PY | 740,000 | principal | $694K | 0.35% | 2 |
| GNMA | 38385LY77 | MBS | USGA | United States | 3,951,914 | principal | $693K | 0.35% | 2 |
| CQP Holdco LP | 12657QAF0 | Loan | CORP | United States | 686,130 | principal | $683K | 0.34% | 2 |
| Republic of Turkiye (The) | 900123DJ6 | Debt | NUSS | Türkiye | 570,000 | principal | $628K | 0.32% | 2 |
| Aligned Data Centers Issuer LLC | 01627AAF5 | ABS | CORP | United States | 618,000 | principal | $621K | 0.31% | 2 |
| GNMA | 38385M5Q5 | MBS | USGA | United States | 10,401,721 | principal | $618K | 0.31% | 2 |
| PRET LLC | 69383QAA2 | ABS | CORP | United States | 620,768 | principal | $616K | 0.31% | 2 |
| Morgan Stanley | 61747YFA8 | Debt | CORP | United States | 610,000 | principal | $614K | 0.31% | 2 |
| GNMA | 38383AQC1 | MBS | USGA | United States | 3,172,404 | principal | $591K | 0.30% | 2 |
| Republic of Cote d'Ivoire | XS2064786754 | Debt | NUSS | CI | 500,000 | principal | $590K | 0.30% | 2 |
| FNMA | 3136BCLU2 | MBS | USGSE | United States | 2,592,931 | principal | $588K | 0.30% | 2 |
| GNMA | 38381NZ68 | MBS | USGA | United States | 8,895,831 | principal | $577K | 0.29% | 2 |
| GNMA | 38382WBR7 | MBS | USGA | United States | 2,549,266 | principal | $576K | 0.29% | 2 |
| Jane Street Group / JSG Finance, Inc. | 47077WAE8 | Debt | CORP | United States | 555,000 | principal | $571K | 0.29% | 2 |
| FHLMC | 35563PMX4 | MBS | CORP | United States | 582,388 | principal | $564K | 0.28% | 2 |
| Venture Global LNG, Inc. | 92332YAB7 | Debt | CORP | United States | 540,000 | principal | $562K | 0.28% | 2 |
| FHLMC | 35565MBE3 | MBS | CORP | United States | 430,000 | principal | $561K | 0.28% | 2 |
| GNMA | 38382RPL6 | MBS | USGA | United States | 4,773,288 | principal | $558K | 0.28% | 2 |
| GNMA | 38382GU91 | MBS | USGA | United States | 4,830,215 | principal | $556K | 0.28% | 2 |
| Allegro CLO XIII Ltd. | 01750WAY5 | CDO/CLO | CORP | Cayman Islands | 550,000 | principal | $552K | 0.28% | 2 |
| Northwoods Capital Ltd. | 66860JBN7 | CDO/CLO | CORP | Cayman Islands | 550,000 | principal | $551K | 0.28% | 2 |
| FNMA | 62548QAD3 | MBS | CORP | United States | 534,259 | principal | $543K | 0.27% | 2 |
| CCO Holdings LLC / CCO Holdings Capital Corp. | 1248EPCQ4 | Debt | CORP | United States | 599,000 | principal | $535K | 0.27% | 2 |
| Romania | XS2770921315 | Debt | NUSS | RO | 460,000 | principal | $531K | 0.27% | 2 |
| FHLMC | 3137H1X68 | MBS | USGSE | United States | 2,668,484 | principal | $525K | 0.26% | 2 |
| FHLMC | 35565EAE2 | MBS | CORP | United States | 475,000 | principal | $521K | 0.26% | 2 |
| GNMA | 38385KXN5 | MBS | USGA | United States | 3,752,836 | principal | $520K | 0.26% | 2 |
| FNMA | 20753VBE7 | MBS | CORP | United States | 504,000 | principal | $512K | 0.26% | 2 |
| Citigroup Mortgage Loan Trust, Inc. | 17312EAE6 | ABS | CORP | United States | 581,898 | principal | $511K | 0.26% | 2 |
| Teva Pharmaceutical Finance Netherlands III BV | 88167AAR2 | Debt | CORP | Netherlands | 449,000 | principal | $506K | 0.25% | 2 |
| Kedrion SpA | 49272YAB9 | Debt | CORP | Italy | 510,000 | principal | $504K | 0.25% | 2 |
| Elmwood CLO 29 Ltd. | 289913AU9 | CDO/CLO | CORP | Cayman Islands | 500,000 | principal | $501K | 0.25% | 2 |
| Benin Government International Bond | XS2366832496 | Debt | NUSS | BJ | 460,000 | principal | $497K | 0.25% | 2 |
| FNMA or FHLMC | 01F050684 | MBS | USGSE | United States | 500,000 | principal | $491K | 0.25% | 2 |
| GNMA | 38384XVG5 | MBS | USGA | United States | 3,163,233 | principal | $490K | 0.25% | 2 |
| Morgan Stanley Bank of America Merrill Lynch Trust | 61690FAS2 | MBS | CORP | United States | 575,000 | principal | $489K | 0.25% | 2 |
| Opal Bidco SAS | 68348BAA1 | Debt | CORP | France | 475,000 | principal | $485K | 0.24% | 2 |
| CIFC Funding Ltd. | 17181PAS8 | CDO/CLO | CORP | Cayman Islands | 480,000 | principal | $481K | 0.24% | 2 |
| GNMA | 38382TD27 | MBS | USGA | United States | 3,930,489 | principal | $478K | 0.24% | 2 |
| United States of America | 912797TN7 | Short-term inv. | UST | United States | 475,000 | principal | $474K | 0.24% | 2 |
| OBX Trust | 67449PAE2 | MBS | CORP | United States | 472,000 | principal | $472K | 0.24% | 2 |
| APLD ComputeCo LLC | 00202DAA5 | Debt | CORP | United States | 435,000 | principal | $470K | 0.24% | 2 |
| Boeing Co. (The) | 097023DQ5 | Debt | CORP | United States | 446,000 | principal | $464K | 0.23% | 2 |
| White Cap Supply Holdings LLC | 96350TAH3 | Loan | CORP | United States | 461,769 | principal | $462K | 0.23% | 2 |
| Republic of South Africa | 836205BC7 | Debt | NUSS | South Africa | 450,000 | principal | $461K | 0.23% | 2 |
| PROG Holdings, Inc. | 74319RAA9 | Debt | CORP | United States | 470,000 | principal | $458K | 0.23% | 2 |
| Kinetik Holdings LP | 49461MAA8 | Debt | CORP | United States | 455,000 | principal | $458K | 0.23% | 2 |
| Sumisho Air Lease Corp. | 00914AAT9 | Debt | CORP | United States | 450,000 | principal | $457K | 0.23% | 2 |
| Romania | 77586RAK6 | Debt | NUSS | RO | 460,000 | principal | $455K | 0.23% | 2 |
| KazMunayGas National Co. JSC | XS1807300105 | Debt | CORP | Kazakhstan | 450,000 | principal | $454K | 0.23% | 2 |
| Diversified Healthcare Trust | 25525PAE7 | Debt | CORP | United States | 440,000 | principal | $453K | 0.23% | 2 |
| GNMA | 38383FDA8 | MBS | USGA | United States | 2,326,806 | principal | $451K | 0.23% | 2 |
| Vibrant CLO XVI Ltd. | 925930BN8 | CDO/CLO | CORP | Jersey | 450,000 | principal | $451K | 0.23% | 2 |
| Industrial F&B Investments III, Inc. | 456142AA6 | Debt | CORP | United States | 440,000 | principal | $449K | 0.23% | 2 |
| GNMA | 38382LDU2 | MBS | USGA | United States | 1,986,267 | principal | $448K | 0.22% | 2 |
| AES Andes SA | 00111VAD9 | Debt | CORP | Chile | 430,000 | principal | $447K | 0.22% | 2 |
| Federal Republic of Nigeria | 65412AFF4 | Debt | NUSS | Nigeria | 410,000 | principal | $445K | 0.22% | 2 |
| Citigroup, Inc. | 172967QF1 | Debt | CORP | United States | 450,000 | principal | $444K | 0.22% | 2 |
| GNMA | 38382RRP5 | MBS | USGA | United States | 2,653,451 | principal | $441K | 0.22% | 2 |
| Serbia International Bond | XS2580269426 | Debt | NUSS | RS | 430,000 | principal | $439K | 0.22% | 2 |
| Forvia SE | 31209DAC9 | Debt | CORP | France | 435,000 | principal | $435K | 0.22% | 2 |
| Virginia Electric and Power Co. | 927804GB4 | Debt | CORP | United States | 455,000 | principal | $434K | 0.22% | 2 |
| COMM Mortgage Trust | 12591VAK7 | MBS | CORP | United States | 441,000 | principal | $433K | 0.22% | 2 |
| FNMA | 62547NAB5 | MBS | CORP | United States | 424,406 | principal | $429K | 0.22% | 2 |
| COMM Mortgage Trust | 12629NAJ4 | MBS | CORP | United States | 447,000 | principal | $429K | 0.22% | 2 |
| PRET LLC | 69385BAA3 | ABS | CORP | United States | 423,000 | principal | $424K | 0.21% | 2 |
| VICI Properties LP | 925650AC7 | Debt | CORP | United States | 425,000 | principal | $424K | 0.21% | 2 |
| Hyundai Capital America | 44891ADG9 | Debt | CORP | United States | 425,000 | principal | $422K | 0.21% | 2 |
| CD Mortgage Trust | 12515DAU8 | MBS | CORP | United States | 439,000 | principal | $421K | 0.21% | 2 |
| Spirit AeroSystems, Inc. | 85205TAK6 | Debt | CORP | United States | 420,000 | principal | $419K | 0.21% | 2 |
| Station Casinos LLC | 857691AH2 | Debt | CORP | United States | 440,000 | principal | $418K | 0.21% | 2 |
| FHLMC | 3137FTQF7 | MBS | USGSE | United States | 1,818,890 | principal | $417K | 0.21% | 2 |
| Wells Fargo & Co. | 95000U3E1 | Debt | CORP | United States | 410,000 | principal | $417K | 0.21% | 2 |
| Philip Morris International, Inc. | 718172DA4 | Debt | CORP | United States | 410,000 | principal | $416K | 0.21% | 2 |
| GNMA | 38382CCP4 | MBS | USGA | United States | 3,280,492 | principal | $416K | 0.21% | 2 |
| Energy Transfer LP | 29278NAG8 | Debt | CORP | United States | 410,000 | principal | $416K | 0.21% | 2 |
| Ares Capital Corp. | 04010LBE2 | Debt | CORP | United States | 410,000 | principal | $414K | 0.21% | 2 |
| A&D Mortgage Trust | 00039GAA7 | MBS | CORP | United States | 413,134 | principal | $414K | 0.21% | 2 |
| Black Diamond CLO Ltd. | 09204UAG3 | CDO/CLO | CORP | Jersey | 410,000 | principal | $413K | 0.21% | 2 |
| Osaic Holdings, Inc. | 00791GAB3 | Debt | CORP | United States | 410,000 | principal | $411K | 0.21% | 2 |
| Pertamina Hulu Energi PT | 74448WAA2 | Debt | CORP | Indonesia | 410,000 | principal | $409K | 0.21% | 2 |
| FirstCash, Inc. | 33767DAD7 | Debt | CORP | United States | 397,000 | principal | $408K | 0.20% | 2 |
| J.P. Morgan Mortgage Trust | 46661HAA3 | MBS | CORP | United States | 407,000 | principal | $407K | 0.20% | 2 |
| Stonex Escrow Issuer LLC | 86189AAA7 | Debt | CORP | United States | 395,000 | principal | $406K | 0.20% | 2 |
| American Tower Corp. | 03027XAX8 | Debt | CORP | United States | 410,000 | principal | $406K | 0.20% | 2 |
| PRET LLC | 74144AAA7 | ABS | CORP | United States | 405,655 | principal | $406K | 0.20% | 2 |
| FNMA | 3136BWVQ6 | MBS | USGSE | United States | 7,443,925 | principal | $406K | 0.20% | 2 |
| Waste Pro USA, Inc. | 94107JAC7 | Debt | CORP | United States | 395,000 | principal | $405K | 0.20% | 2 |
| NRG Energy, Inc. | 629377CX8 | Debt | CORP | United States | 400,000 | principal | $405K | 0.20% | 2 |
| CFCRE Commercial Mortgage Trust | 12532BAD9 | MBS | CORP | United States | 405,000 | principal | $403K | 0.20% | 2 |
| Medline Borrower LP | 62482BAA0 | Debt | CORP | United States | 415,000 | principal | $403K | 0.20% | 2 |
| IQVIA, Inc. | 46266TAG3 | Debt | CORP | United States | 395,000 | principal | $402K | 0.20% | 2 |
| 1011778 BC ULC / New Red Finance, Inc. | 68245XAM1 | Debt | CORP | Canada | 425,000 | principal | $401K | 0.20% | 2 |
| HUB International Ltd. | 44332PAH4 | Debt | CORP | United States | 390,000 | principal | $400K | 0.20% | 2 |
| Froneri Lux FinCo SARL | 35901MAA5 | Debt | CORP | Luxembourg | 405,000 | principal | $397K | 0.20% | 2 |
| Republic of Peru | 715638DF6 | Debt | NUSS | Peru | 430,000 | principal | $397K | 0.20% | 2 |
| FNMA | 31423XQX2 | MBS | USGSE | United States | 2,353,079 | principal | $397K | 0.20% | 2 |
| Republic of Armenia | XS2010028939 | Debt | NUSS | AM | 430,000 | principal | $397K | 0.20% | 2 |
| Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC | 60832QAA8 | Debt | CORP | United States | 380,000 | principal | $396K | 0.20% | 2 |
| Dick's Sporting Goods, Inc. | 253393AH5 | Debt | CORP | United States | 405,000 | principal | $394K | 0.20% | 2 |
| FHLMC | 3137F6TF4 | MBS | USGSE | United States | 1,644,040 | principal | $394K | 0.20% | 2 |
| Weatherford International Ltd. | 947075AW7 | Debt | CORP | Bermuda | 385,000 | principal | $393K | 0.20% | 2 |
| GNMA | 38381N6U7 | MBS | USGA | United States | 3,858,991 | principal | $385K | 0.19% | 2 |
| Acrisure LLC / Acrisure Finance, Inc. | 00489LAL7 | Debt | CORP | United States | 405,000 | principal | $384K | 0.19% | 2 |
| Power Finance Corp. Ltd. | 73928RAB2 | Debt | NUSS | India | 400,000 | principal | $384K | 0.19% | 2 |
| Freedom Mortgage Corp. | 35640YAL1 | Debt | CORP | United States | 355,000 | principal | $383K | 0.19% | 2 |
| LSTAR Commercial Mortgage Trust | 54910TAJ1 | MBS | CORP | United States | 382,757 | principal | $381K | 0.19% | 2 |
| Republic of Angola | 035198AF7 | Debt | NUSS | AO | 370,000 | principal | $374K | 0.19% | 2 |
| Suriname Government International Bond | 86886PAF9 | Debt | NUSS | SR | 340,000 | principal | $373K | 0.19% | 2 |
| Chart Industries, Inc. | 16115EAT4 | Loan | CORP | United States | 370,755 | principal | $371K | 0.19% | 2 |
| DIRECTV Financing LLC | 25460HAD4 | Loan | CORP | United States | 368,585 | principal | $371K | 0.19% | 2 |
| FNMA | 20754BAB7 | MBS | CORP | United States | 365,938 | principal | $370K | 0.19% | 2 |
| Banijay Entertainment SAS | 060335AB2 | Debt | CORP | France | 360,000 | principal | $369K | 0.19% | 2 |
| Republic of Colombia | 195325EG6 | Debt | NUSS | Colombia | 340,000 | principal | $364K | 0.18% | 2 |
| GNMA | 38383VL97 | MBS | USGA | United States | 4,447,662 | principal | $363K | 0.18% | 2 |
| Republic of Indonesia | 455780EH5 | Debt | NUSS | Indonesia | 360,000 | principal | $362K | 0.18% | 2 |
| Dominican Republic | USP3579ECH82 | Debt | NUSS | DO | 380,000 | principal | $362K | 0.18% | 2 |
| Republic of Chile | 168863EB0 | Debt | NUSS | Chile | 350,000 | principal | $353K | 0.18% | 2 |
| Republic of Uzbekistan International Bond | XS2827783437 | Debt | NUSS | UZ | 330,000 | principal | $353K | 0.18% | 2 |
| Stack Infrastructure Issuer LLC | 85236KAR3 | ABS | CORP | United States | 361,000 | principal | $350K | 0.18% | 2 |
| CHS/Community Health Systems, Inc. | 12543DBQ2 | Debt | CORP | United States | 335,000 | principal | $350K | 0.18% | 2 |
| GNMA | 38382LMH1 | MBS | USGA | United States | 2,093,212 | principal | $350K | 0.18% | 2 |
| Novartis Capital Corp. | 66989HAY4 | Debt | CORP | United States | 355,000 | principal | $349K | 0.18% | 2 |
| Element Solutions, Inc. | 28618MAA4 | Debt | CORP | United States | 355,000 | principal | $347K | 0.17% | 2 |
| Gen Digital, Inc. | 668771AM0 | Debt | CORP | United States | 350,000 | principal | $345K | 0.17% | 2 |
| Republic of Iraq | XS0240295575 | Debt | NUSS | IQ | 347,500 | principal | $345K | 0.17% | 2 |
| Millrose Properties, Inc. | 601137AA0 | Debt | CORP | United States | 340,000 | principal | $345K | 0.17% | 2 |
| FHLMC | 3137HANZ5 | MBS | USGSE | United States | 1,654,557 | principal | $344K | 0.17% | 2 |
| AAdvantage Loyalty IP Ltd. | 02376CBS3 | Loan | CORP | United States | 343,621 | principal | $344K | 0.17% | 2 |
| Quikrete Holdings, Inc. | 74843PAA8 | Debt | CORP | United States | 335,000 | principal | $342K | 0.17% | 2 |
| OneMain Finance Corp. | 682691AG5 | Debt | CORP | United States | 335,000 | principal | $342K | 0.17% | 2 |
| ESAB Corp. | 29605JAB2 | Debt | CORP | United States | 340,000 | principal | $341K | 0.17% | 2 |
| Rocket Cos., Inc. | 77311WAB7 | Debt | CORP | United States | 335,000 | principal | $341K | 0.17% | 2 |
| GFL Environmental, Inc. | 36168QAP9 | Debt | CORP | Canada | 350,000 | principal | $340K | 0.17% | 2 |
| PetSmart LLC / PetSmart Finance Corp. | 71677KAC2 | Debt | CORP | United States | 340,000 | principal | $340K | 0.17% | 2 |
| Oracle Corp. | 68389XDW2 | Debt | CORP | United States | 345,000 | principal | $340K | 0.17% | 2 |
| Watco Cos. LLC / Watco Finance Corp. | 941130AD8 | Debt | CORP | United States | 330,000 | principal | $339K | 0.17% | 2 |
| XHR LP | 98372MAE5 | Debt | CORP | United States | 330,000 | principal | $338K | 0.17% | 2 |
| Bombardier, Inc. | 097751AL5 | Debt | CORP | Canada | 305,000 | principal | $338K | 0.17% | 2 |
| CACI International, Inc. | 127190AE6 | Debt | CORP | United States | 330,000 | principal | $335K | 0.17% | 2 |
| Dominican Republic | USP3579ECB13 | Debt | NUSS | DO | 330,000 | principal | $335K | 0.17% | 2 |
| Rivers Enterprise Borrower LLC | 76884GAA3 | Debt | CORP | United States | 330,000 | principal | $334K | 0.17% | 2 |
| Talen Energy Supply LLC | 87422VAM0 | Debt | CORP | United States | 335,000 | principal | $333K | 0.17% | 2 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer | 01883LAE3 | Debt | CORP | United States | 330,000 | principal | $333K | 0.17% | 2 |
| Arab Republic of Egypt | 03846JAH3 | Debt | NUSS | Egypt | 310,000 | principal | $332K | 0.17% | 2 |
| BANK | 06541GAN7 | MBS | CORP | United States | 4,425,805 | principal | $331K | 0.17% | 2 |
| Weekley Homes LLC / Weekley Finance Corp. | 948565AD8 | Debt | CORP | United States | 335,000 | principal | $331K | 0.17% | 2 |
| FHLMC | 3137FVT28 | MBS | USGSE | United States | 2,901,076 | principal | $331K | 0.17% | 2 |
| DaVita, Inc. | 23918KAW8 | Debt | CORP | United States | 320,000 | principal | $330K | 0.17% | 2 |
| Crescent Energy Finance LLC | 45344LAG8 | Debt | CORP | United States | 320,000 | principal | $330K | 0.17% | 2 |
| MAD Commercial Mortgage Trust | 55616AAG2 | MBS | CORP | United States | 325,000 | principal | $328K | 0.16% | 2 |
| Wayfair LLC | 94419NAB3 | Debt | CORP | United States | 310,000 | principal | $326K | 0.16% | 2 |
| Republic of Bulgaria | XS2890420834 | Debt | NUSS | BG | 280,000 | principal | $326K | 0.16% | 2 |
| WULF Compute LLC | 982911AA7 | Debt | CORP | United States | 310,000 | principal | $326K | 0.16% | 2 |
| N/A | — | Rate deriv. | OTHER | United Kingdom | 538,888,000 | principal | $325K | 0.16% | 2 |
| Match Group Holdings II LLC | 57665RAL0 | Debt | CORP | United States | 345,000 | principal | $325K | 0.16% | 2 |
| BBCMS Mortgage Trust | 05555PAD4 | MBS | CORP | United States | 7,416,219 | principal | $325K | 0.16% | 2 |
| Cogent Communications Group LLC / Cogent Finance, Inc. | 19240WAB5 | Debt | CORP | United States | 360,000 | principal | $324K | 0.16% | 2 |
| Hungary | XS2010026305 | Debt | NUSS | Hungary | 320,000 | principal | $324K | 0.16% | 2 |
| VZ Secured Financing BV | 91845AAA3 | Debt | CORP | Netherlands | 370,000 | principal | $324K | 0.16% | 2 |
| Sinclair Television Group, Inc. | 829259BH2 | Debt | CORP | United States | 315,000 | principal | $324K | 0.16% | 2 |
| Istanbul Metropolitan Municipality | XS2730249997 | Debt | NUSS | Türkiye | 300,000 | principal | $322K | 0.16% | 2 |
| Qnity Electronics, Inc. | 74743LAA8 | Debt | CORP | United States | 320,000 | principal | $322K | 0.16% | 2 |
| Sunoco LP | 86765KAD1 | Debt | CORP | United States | 319,000 | principal | $322K | 0.16% | 2 |
| Smyrna Ready Mix Concrete LLC | 83283WAE3 | Debt | CORP | United States | 305,000 | principal | $322K | 0.16% | 2 |
| Genmab A/S / Genmab Finance LLC | 37230JAA0 | Debt | CORP | Denmark | 315,000 | principal | $321K | 0.16% | 2 |
| Jefferson Capital Holdings LLC | 472481AC4 | Debt | CORP | United States | 305,000 | principal | $321K | 0.16% | 2 |
| FHLMC | 3137FYLH7 | MBS | USGSE | United States | 1,364,995 | principal | $320K | 0.16% | 2 |
| Gabonese Republic | XS2113615228 | Debt | NUSS | GA | 370,000 | principal | $319K | 0.16% | 2 |
| Venture Global Plaquemines LNG LLC | 922966AA4 | Debt | CORP | United States | 290,000 | principal | $318K | 0.16% | 2 |
| Hilcorp Energy I LP / Hilcorp Finance Co. | 431318BE3 | Debt | CORP | United States | 325,000 | principal | $316K | 0.16% | 2 |
| FHLMC | 35563PCF4 | MBS | CORP | United States | 318,006 | principal | $313K | 0.16% | 2 |
| Transnet SOC Ltd. | XS2582981952 | Debt | CORP | South Africa | 300,000 | principal | $312K | 0.16% | 2 |
| GNMA | 38385LDM7 | MBS | USGA | United States | 2,976,198 | principal | $310K | 0.16% | 2 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 00774MBL8 | Debt | CORP | Ireland | 305,000 | principal | $304K | 0.15% | 2 |
| Clydesdale Acquisition Holdings, Inc. | 18972EAD7 | Debt | CORP | United States | 310,000 | principal | $301K | 0.15% | 2 |
| Clear Channel Outdoor Holdings, Inc. | 18453HAF3 | Debt | CORP | United States | 285,000 | principal | $297K | 0.15% | 2 |
| RR Donnelley & Sons Co. | 257867BJ9 | Debt | CORP | United States | 285,000 | principal | $296K | 0.15% | 2 |
| Morgan Stanley Bank of America Merrill Lynch Trust | 61762MBC4 | MBS | CORP | United States | 350,000 | principal | $292K | 0.15% | 2 |
| GNMA | 38382QX21 | MBS | USGA | United States | 2,371,463 | principal | $288K | 0.14% | 2 |
| Encore Capital Group, Inc. | 292554AT9 | Debt | CORP | United States | 285,000 | principal | $286K | 0.14% | 2 |
| Morgan Stanley Capital I Trust | 61767FBF7 | MBS | CORP | United States | 286,000 | principal | $284K | 0.14% | 2 |
| Rain Carbon, Inc. | 75079LAB7 | Debt | CORP | United States | 265,000 | principal | $283K | 0.14% | 2 |
| FHLMC | 35564KFH7 | MBS | CORP | United States | 225,000 | principal | $282K | 0.14% | 2 |
| COMM Mortgage Trust | 12630DBD5 | MBS | CORP | United States | 288,000 | principal | $282K | 0.14% | 2 |
| Carnival Corp. Ltd. | 143658CB6 | Debt | CORP | Bermuda | 280,000 | principal | $280K | 0.14% | 2 |
| N/A | — | Credit deriv. | OTHER | United States | 6,898,000 | principal | $279K | 0.14% | 2 |
| FHLMC | 3137FUAM6 | MBS | USGSE | United States | 2,555,092 | principal | $270K | 0.14% | 2 |
| Protective Life Global Funding | 74368CBV5 | Debt | CORP | United States | 265,000 | principal | $270K | 0.14% | 2 |
| Republic of Costa Rica | USP3699PGK77 | Debt | NUSS | CR | 260,000 | principal | $269K | 0.13% | 2 |
| Southern Veterinary Partners LLC | 84410HAQ3 | Loan | CORP | United States | 268,650 | principal | $269K | 0.13% | 2 |
| Froneri US, Inc. | G3679YAM4 | Loan | CORP | United States | 269,325 | principal | $268K | 0.13% | 2 |
| RCO IX Mortgage LLC | 74940MAA7 | ABS | CORP | United States | 267,307 | principal | $267K | 0.13% | 2 |
| Southern Co. (The) | 842587DS3 | Debt | CORP | United States | 260,000 | principal | $266K | 0.13% | 2 |
| Vistra Operations Co. LLC | 92840VAH5 | Debt | CORP | United States | 270,000 | principal | $265K | 0.13% | 2 |
| Morgan Stanley Bank of America Merrill Lynch Trust | 61762MBZ3 | MBS | CORP | United States | 278,095 | principal | $265K | 0.13% | 2 |
| N/A | — | Credit deriv. | OTHER | United States | 10,463,000 | principal | $263K | 0.13% | 2 |
| IRB Holding Corp. | 44988LAM9 | Loan | CORP | United States | 260,389 | principal | $261K | 0.13% | 2 |
| Hess Midstream Operations LP | 428102AE7 | Debt | CORP | United States | 270,000 | principal | $261K | 0.13% | 2 |
| Albaugh LLC | 01260HAH8 | Loan | CORP | United States | 267,907 | principal | $260K | 0.13% | 2 |
| Kodiak Gas Services LLC | 50012LAD6 | Debt | CORP | United States | 255,000 | principal | $259K | 0.13% | 2 |
| Mattel, Inc. | 577081BF8 | Debt | CORP | United States | 265,000 | principal | $257K | 0.13% | 2 |
| COMM Mortgage Trust | 12631DAG8 | MBS | CORP | United States | 290,000 | principal | $257K | 0.13% | 2 |
| FNMA | 3136B66Y4 | MBS | USGSE | United States | 2,195,110 | principal | $257K | 0.13% | 2 |
| Royalty Pharma plc | 78081BAT0 | Debt | CORP | United Kingdom | 260,000 | principal | $256K | 0.13% | 2 |
| Republic of Montenegro | XS3037625400 | Debt | NUSS | ME | 220,000 | principal | $256K | 0.13% | 2 |
| Hologic, Inc. | 43644ABL2 | Loan | CORP | United States | 260,000 | principal | $255K | 0.13% | 2 |
| Morgan Stanley Capital I Trust | 61691AAQ6 | MBS | CORP | United States | 267,000 | principal | $254K | 0.13% | 2 |
| Commercial Metals Co. | 201723AR4 | Debt | CORP | United States | 267,000 | principal | $253K | 0.13% | 2 |
| First Horizon Alternative Mortgage Securities Trust | 32052MAE1 | MBS | CORP | United States | 380,443 | principal | $253K | 0.13% | 2 |
| NCL Corp. Ltd. | 62886HBZ3 | Debt | CORP | Bermuda | 260,000 | principal | $253K | 0.13% | 2 |
| Kinder Morgan, Inc. | 494553AD2 | Debt | CORP | United States | 250,000 | principal | $252K | 0.13% | 2 |
| Antero Resources Corp. | 03674XAS5 | Debt | CORP | United States | 250,000 | principal | $252K | 0.13% | 2 |
| Royal Caribbean Cruises Ltd. | 780153BV3 | Debt | CORP | Liberia | 248,000 | principal | $252K | 0.13% | 2 |
| Eagle Funding Luxco SARL | 26951TAA8 | Debt | NUSS | Luxembourg | 250,000 | principal | $251K | 0.13% | 2 |
| BX Commercial Mortgage Trust | 12433LAC9 | MBS | CORP | United States | 248,000 | principal | $250K | 0.13% | 2 |
| COMM Mortgage Trust | 12624QAT0 | MBS | CORP | United States | 257,000 | principal | $250K | 0.13% | 2 |
| Mineral Resources Ltd. | 603051AF0 | Debt | CORP | Australia | 240,000 | principal | $249K | 0.12% | 2 |
| Delek US Holdings, Inc. | 24664GAH4 | Loan | CORP | United States | 248,410 | principal | $249K | 0.12% | 2 |
| GNMA | 38381J2J5 | MBS | USGA | United States | 4,743,942 | principal | $248K | 0.12% | 2 |
| IRV Trust | 45006HAE1 | MBS | CORP | United States | 248,000 | principal | $248K | 0.12% | 2 |
| Morgan Stanley Bank of America Merrill Lynch Trust | 61690FAQ6 | MBS | CORP | United States | 271,000 | principal | $248K | 0.12% | 2 |
| Venture Global Calcasieu Pass LLC | 92328MAF0 | Debt | CORP | United States | 245,000 | principal | $248K | 0.12% | 2 |
| Transocean International Ltd. | 893814AA1 | Debt | CORP | Bermuda | 235,000 | principal | $245K | 0.12% | 2 |
| Efesto Bidco SpA Efesto US LLC | 28201XAB1 | Debt | CORP | Italy | 245,000 | principal | $245K | 0.12% | 2 |
| BX Trust | 123915AG5 | MBS | CORP | United States | 243,000 | principal | $244K | 0.12% | 2 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jun 30, 2026 | Aug 27, 2026 | 734 | 100.0% | $199M | full |
| Mar 31, 2026 | May 27, 2026 | 696 | 100.0% | $190M | full |
| Dec 31, 2025 | Feb 25, 2026 | 673 | 100.0% | $207M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for Franklin Master Intermediate Income Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.