Company: PPT
Filing Date: 2025-03-27
Form Type: N-CSRS
Source: 0000928816-25-000406
Chunk: 35

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-03-27
Form: N-CSRS
Chunk 35
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 bonusAnnual bonuses are structured to align the interests of the portfolio manager with those of the Fund’s shareholders. Each portfolio manager is eligible to receive an annual bonus. Bonuses generally are split between cash (50% to 65%) and restricted shares of Franklin Resources, Inc (“Resources”) stock and mutual fund shares. The deferred equity-based compensation is intended to build a vested interest of the portfolio manager in the financial performance of both Resources and mutual funds advised by the Investment Manager. The bonus plan is intended to provide a competitive level of annual bonus compensation that is tied to the portfolio manager achieving consistently strong investment performance, which aligns the financial incentives of the portfolio manager and Fund shareholders. The Chief Investment Officer of the Investment Manager and/or other officers of the Investment Manager, with responsibility for the Fund, have discretion in the granting of annual bonuses to portfolio managers in accordance with Franklin Templeton guidelines. The following factors are generally used in determining bonuses under the plan:

| • | Investment                                                                                    
 performance.  Primary consideration is given to the historic investment performance           
 over the 1, 3 and 5 preceding years of all accounts managed by the portfolio manager. The     
 pre-tax performance of each fund managed is measured relative to a relevant peer group and/or 
 applicable benchmark as appropriate.                                                          |

| • | Non-investment                                                                           
 performance.  The more qualitative contributions of the portfolio manager to the         
 Investment Manager’s business and the investment management team, including professional 
 knowledge, productivity, responsiveness to client needs and communication, are evaluated 
 in determining the amount of any bonus award.                                            |

| • | Responsibilities.                                                                         
 The characteristics and complexity of funds managed by the portfolio manager are factored 
 in the Investment Manager’s appraisal.                                                    |

Additional long-term equity-based compensationPortfolio managers may also be awarded restricted shares or units of Resources stock or restricted shares or units of one or more mutual funds. Awards of such deferred equity-based compensation typically vest over time, so as to create incentives to retain key talent. BenefitsPortfolio managers also participate in benefit plans and programs available generally to all employees of the Investment Manager. (a)(4) Fund ownership.The following table shows the dollar ranges of shares of the fund owned by the professionals listed above at the end of the fund’s last two fiscal years, including investments by their immediate family members and amounts invested through retirement and deferred compensation plans. *: Assets in the fund

|          |  Year | $0 | $0-$10,000 | $10,001-$50,000 | $50,001