Company: PPT
Filing Date: 2025-09-26
Form Type: N-CSR
Source: 0001133228-25-010195
Chunk: 199

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-09-26
Form: N-CSR
Chunk 199
---

an

### analysis
of

complex-

wide

### management
fees

provided

by

the

Manager,

which,

among

other

things,

set

out

a

framework

of

fees

based

on

asset

classes.

Putnam

Premier

Income

Trust

Shareholder

Information

78

franklintempleton.com

Annual

Report

Taking

all

of

the

above

into

consideration,

as

well

as

the

factors

identified

below,

the

Board

determined

that

the

### management
fee

and

the

Sub-Advisory

Fees

were

reasonable

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

to

the

Fund

under

the

### Management
Agreement

and

the

Sub-Advisory

Agreements,

respectively.

#### Manager

#### Profitability
The

Board,

as

part

of

the

Contract

Renewal

Information,

received

an

### analysis
of

the

profitability

to

the

Manager

and

its

affiliates

in

providing

services

to

the

Fund

for

the

Manager’s

fiscal

years

ended

September

30,

2024

and

September

30,

2023.

The

Board

also

received

profitability

information

with

respect

to

the

Franklin

Templeton

fund

complex

as

a

whole.

In

addition,

the

Board

received

Contract

Renewal

Information

with

respect

to

the

Manager’s

revenue

and

cost

allocation

methodologies

used

in

preparing

such

profitability

data.

It

was

noted

that

the

allocation

methodologies

had

been

reviewed

by

an

outside

consultant.

The

profitability

to

each

of

the

Sub-Advisers

was

not

considered

to

be

a

material

factor

in

the

Board’s

considerations

since

the

Sub-Advisory