Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 164

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 164
---

the

underlying

mortgage

loans.

During

periods

of

difficult

economic

conditions

(including

periods

of

significant

disruptions

to

### business
operations,

supply

chains,

and

customer

activity

and

lower

consumer

demand

for

goods

and

services),

delinquencies

and

losses

on

commercial

real

estate

generally

increase,

including

as

a

result

of

the

effects

of

those

conditions

on

commercial

real

estate

markets,

the

ability

of

commercial

tenants

to

make

loan

payments,

and

the

ability

of

a

property

to

attract

and

retain

commercial

tenants.

The

risk

of

defaults

on

residential

mortgage-backed

securities

is

generally

higher

in

the

case

of

mortgage-backed

investments

that

include

non-qualified

mortgages.

Litigation

with

respect

to

the

representations

and

warranties

given

in

connection

with

the

issuance

of

mortgage-backed

securities

can

be

an

important

consideration

in

investing

in

such

securities,

and

the

outcome

of

any

such

litigation

could

significantly

impact

the

value

of

the

fund’s

mortgage-backed

investments.

#### •

#### Market

#### risk.
The

value

of

investments

in

the

fund’s

portfolio

may

fall

or

fail

to

rise

over

extended

periods

of

time

for

a

variety

of

reasons,

including

general

economic,

political

or

### financial
market

conditions;

investor

sentiment

and

market

perceptions

(including

perceptions

about

monetary

policy,

interest

rates,

inflation

or

the

risk

of

default);

government

actions

(including

protectionist

measures,

intervention

in

the

### financial
markets

or

other

regulation,

and

changes

in

fiscal,

monetary

or

tax

policies);

geopolitical

events

or

changes