Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 126

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 126
---

#### Significant

#### Accounting

#### Policies
(continued)

#### i.

#### Accounting

#### Estimates
(continued)

Putnam

Premier

Income

Trust

Notes

to

### Financial
Statements

48

franklintempleton.com

Annual

Report

#### a.

### Management

#### Fees
The

Fund

pays Advisers for

### management
and

investment

advisory

services

quarterly

based

on

the

average

net

assets

(including

assets,

but

excluding

liabilities,

attributable

to

leverage

for

investment

purposes)

of

the

Fund.

The

fee

is

based

on

the

following

annual

rates:

For

the

reporting

period,

the

### management
fee

represented

an

effective

rate

(excluding

the

impact

from

any

expense

waivers

in

effect)

of

0.750%

of

the

Fund’s

average

net

assets.

Advisers

retained

Putnam

### Management
as

subadvisor

for

the

Fund.

Pursuant

to

the

agreement,

Putnam

### Management
provides

certain

advisory

and

related

services

to

the

Fund.

Advisers

pays

a

monthly

fee

to

Putnam

### Management
based

on

the

costs

of

Putnam

### Management
in

providing

these

services

to

the

Fund,

which

may

include

a

mark-up

not

to

exceed

15%

over

such

costs.

Effective

November

1,

2024,

under

a

subadvisory

agreement,

FTIML

provides

subadvisory

services

to

the

Fund.

The

subadvisory

fee

is

paid by Advisers

based

on

the

average

net

assets

managed

by

FTIML,

and

is

not

an

additional

expense

of

the

Fund.

Prior

to

November

1,

2024,

PIL

provided

subadvisory

services

to

the

Fund.

Effective

November

1,

2024,

PIL

merged

into

FTIML,

and

PIL

investment