Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 197

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 197
---
Fee”)

payable

by

the

Fund

to

the

Manager

under

the

### Management
Agreement

and

the

sub-advisory

fees

(the

“Sub-Advisory

Fees”)

payable

by

the

Manager

to

the

Sub-Advisers

under

the

Sub-Advisory

Agreements

in

view

of

the

nature,

extent

and

overall

quality

of

the

management,

investment

advisory

and

other

services

provided

by

the

Manager

and

the

Sub-Advisers,

respectively.

The

Board

noted

that

the

Sub-Advisory

Fee

payable

to

the

Sub-Advisers

under

their

Sub-Advisory

Agreements

with

the

Manager

is

paid

by

the

Manager,

not

the

Fund,

and,

accordingly,

that

the

retention

of

the

Sub-Advisers

does

not

increase

the

fees

or

expenses

otherwise

incurred

by

the

Fund’s

stockholders.

In

addition,

the

Board

received

and

considered

information

and

analyses

prepared

by

Broadridge

(the

“Broadridge

Expense

Information”)

comparing

the

Contractual

### Management
Fee

and

the

Actual

### Management
Fee

and

the

Fund’s

actual

total

expenses

with

those

of

funds

in

an

expense

universe

(the

“Expense

Universe”)

selected

and

provided

by

Broadridge.

The

comparison

was

based

upon

the

constituent

funds’

latest

fiscal

years.

It

was

noted

that

while

the

Board

found

the

Broadridge

Expense

Information

generally

useful,

they

recognized

its

limitations,

including

that

the

data

may

vary

depending

on

the

selection

of

the

peer

group.

The

Broadridge

Expense

Information

showed

that

the

Fund’s

Contractual

### Management
Fee

was

below

the

median.

The

Broadridge

Expense