Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 194

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 194
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their

respective

affiliates

on

behalf

of

the

Fund,

including

entrepreneurial,

operational,

reputational,

litigation

and

regulatory

risks,

as

well

as

the

Manager’s

and

the

Sub-Advisers’

risk

### management
processes.

The

Board

reviewed

the

qualifications,

backgrounds,

and

responsibilities

of

the

Manager’s

senior

personnel

and

the

Sub-Advisers’

portfolio

### management
teams

primarily

responsible

for

the

day-to-day

portfolio

### management
of

the

Fund.

The

Board

also

considered,

based

on

its

knowledge

of

the

Manager

and

its

affiliates,

the

### financial
resources

of

Franklin

Resources,

Inc.,

the

parent

organization

of

the

Manager

and

the

Sub-Advisers.

The

Board

recognized

the

importance

of

having

a

fund

manager

with

significant

resources.

The

Board

considered

the

division

of

responsibilities

between

the

Manager

and

the

Sub-Advisers

under

the

### Management
Agreement

and

the

Sub-Advisory

Agreements,

respectively,

including

the

Manager’s

coordination

and

oversight

of

the

services

provided

to

the

Fund

by

the

Sub-Advisers

and

the

Fund’s

other

service

providers.

The

### Management
Agreement

permits

the

Manager

to

delegate

certain

of

its

responsibilities,

including

its

investment

advisory

duties

thereunder,

provided

that

the

Manager,

in

each

case,

will

supervise

the

activities

of

the

delegee.

In

reaching

its

determinations

regarding

continuation

of

the

### Management
Agreement

and

the

Sub-Advisory

Agreements,

the

Board

took

into

account

that

Fund

stockholders,

in

pursuing

their

investment

goals

and

objectives,

may

have

p