Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 6

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 6
---
typically

do

well

in

risk-

averse

investing

environments.

We

held

a

long

position

to

the

U.S.

dollar,

Japanese

yen,

and

Swiss

franc

versus

the

remaining

G10

currencies

(the

top

10

most

traded

currencies

in

the

world).

The

U.S.

dollar

has

weakened

significantly

in

2025

due

to

signs

of

economic

slowdown,

such

as

below-expectation

employment

figures,

and

the

Moody’s

downgrade

of

U.S.

debt.

#### Q.

#### Were

#### there

#### any

#### significant

#### changes

#### to

#### the

#### Fund

#### during

#### the

#### reporting

#### period?

#### A.
No,

there

were

no

material

changes

to

the

Fund

during

the

reporting

period.

#### Q.

#### What

#### were

#### the

#### Fund's

#### distributions

#### during

#### the

#### period?

#### A.
The

Fund's

distributions

are

fixed

at

a

targeted

rate.

The

targeted

rate

is

not

expected

to

vary

with

each

distribution

but

may

change

from

time

to

time.

During

the

last

fiscal

year,

the

Fund

made

monthly

distributions

totaling

$0.312

per

share

from

August

2024,

to

July

2025,

which

were

characterized

as

$0.203

per

share

of

net

invest

income

and

$0.109

per

share

of

return

of

capital.

$0.109

of

the

#### Top

#### 10

#### Holdings
7/31/25

#### Company

#### Industry,

#### Country
#### %

#### of

#### Total

#### Net

#### Assets

#### a

#### a
Uniform

Mortgage-Backed

Securities

13.6%

### Financial
Services,

United

States

GNMA

7.7%

### Financial
Services,

United

States

GNMA

II,

Single-family,

30

Year

7.7%