Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 4

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 4
---

of

Investments

(SOI),

which

can

be

found

later

in

this

report.

#### The

#### dollar

#### value,

#### number

#### of

#### shares

#### or

#### principal

#### amount,

#### and

#### names

#### of

#### all

#### portfolio

#### holdings

#### are

#### listed

#### in

#### the

#### Fund’s

#### Schedule

#### of

#### Investments
**(SOI).**

#### The

#### SOI

#### begins

#### on

#### page

#### 9
#### .

Putnam

Premier

Income

Trust

3

franklintempleton.com

Annual

Report

Performance

### Overview
For

the

12

months

under

review,

the

Fund

posted

cumulative

total

returns

of

+9.74%

in

market

price

terms

and

+7.14%

in

net

asset

value

terms.

In

comparison,

the

ICE

BofA

U.S.

Treasury

Bill

Index,

which

is

an

unmanaged

index

that

tracks

the

performance

of

U.S.

dollar-denominated

U.S.

Treasury

bills

publicly

issued

in

the

U.S.

domestic

market,

posted

a

+4.64%

total

return

for

the

same

period.

1

You

can

find

the

Fund's

long-term

performance

data

in

the

Performance

Summary

on

page

5

.

Performance

data

represent

past

performance,

which

does

not

guarantee

future

results.

Investment

return

and

principal

value

will

fluctuate,

and

you

may

have

a

gain

or

loss

when

you

sell

your

shares.

Current

performance

may

differ

from

figures

shown.

#### Q.

#### What

#### were

#### the

#### leading

#### contributors

#### to

#### performance?

#### A.
Corporate

credit

exposures,

both

investment-grade

and

high-yield,

were

the

largest

contributors

to

performance.

Spread

tightening

in

late

2024

and

mid-2025

drove

gains,

despite

early

202