Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 169

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 169
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balances

in

money

market

and/or

short-term

bond

funds

advised

by

Franklin

Advisers,

Inc.

or

its

affiliates.

The

percentage

of

the

fund

invested

in

cash

and

Putnam

Premier

Income

Trust

Important

Information

to

Shareholders

(unaudited)

66

franklintempleton.com

Annual

Report

cash

equivalents

and

such

money

market

and

short-term

bond

funds

is

expected

to

vary

over

time

and

will

depend

on

various

factors,

including

market

conditions,

purchase

and

redemption

activity

by

fund

shareholders,

and

our

assessment

of

the

cash

level

that

is

appropriate

to

allow

the

fund

to

pursue

investment

opportunities

as

they

arise.

Large

cash

positions

may

dampen

performance

and

may

prevent

the

fund

from

achieving

its

goal.

The

fund

may

also

loan

portfolio

securities

to

earn

income.

The

Fund

may

also

invest

in

securities

of

other

investment

companies

to

the

extent

that

these

investments

are

consistent

with

the

Fund’s

investment

objective,

strategies

and

policies

and

permissible

under

the

1940

Act.

The

Fund

may

also

invest

in

securities

of

private

funds

that

rely

on

exceptions

from

the

definition

of

investment

company

under

Sections

3(c)

(1)

or

3(c)(7)

of

the

1940

Act,

structured

finance

vehicles

or

other

entities

not

traditionally

considered

pooled

investment

vehicles,

and

companies

that

rely

on

the

exceptions

from

the

definition

of

investment

company

under

Section

3(c)(5)

(A)

or

(B)

of

the

1940

Act.

The

Fund

may

invest

in

portfolio

affiliates

of

the

Fund