Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 198

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 198
---

Information

also

showed

that

the

Fund’s

Actual

### Management
Fee

was

below

the

median.

The

Broadridge

Expense

Information

also

showed

that

the

Fund’s

actual

total

expenses

were

below

the

median.

The

Board

took

into

account

management’s

### discussion
of

the

Fund’s

expenses.

The

Board

also

reviewed

Contract

Renewal

Information

regarding

fees

charged

by

the

Manager

and/or

the

Sub-

Advisers

to

other

U.S.

clients

investing

primarily

in

an

asset

class

similar

to

that

of

the

Fund,

including,

where

applicable,

institutional

and

separate

accounts.

The

Manager

reviewed

with

the

Board

the

differences

in

services

provided

to

these

different

types

of

accounts,

noting

that

the

Fund

is

provided

with

certain

administrative

services,

office

facilities,

and

Fund

officers,

and

that

the

Fund

is

subject

not

only

to

heightened

regulatory

requirements

relative

to

institutional

clients

but

also

to

requirements

for

listing

on

the

New

York

Stock

Exchange,

and

that

the

Manager

coordinates

and

oversees

the

provision

of

services

to

the

Fund

by

the

Fund’s

other

service

providers.

The

Board

considered

the

fee

comparisons

in

view

of

the

different

services

provided

in

managing

these

other

types

of

clients

and

funds.

The

Board

considered

the

overall

### management
fee,

the

fees

of

the

Sub-Advisers

and

the

amount

of

the

### management
fee

retained

by

the

Manager

after

payment

of

the

Sub-Advisory

Fees

in

each

case

in

view

of

the

services

rendered

for

those

amounts.

The

Board

also

received