Company: PPT
Filing Date: 2025-03-27
Form Type: N-CSRS
Source: 0000928816-25-000406
Chunk: 30

Company: PUTNAM PREMIER INCOME TRUST
Filing Date: 2025-03-27
Form: N-CSRS
Chunk 30
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 Any over-collateralization of total financial and derivative net assets is not shown. Collateral may include amounts related to unsettled agreements. § Includes current day’s variation margin only as reported on the Statement of assets and liabilities, which is not collateralized. Cumulative appreciation/(depreciation) for futures contracts and centrally cleared swap contracts is represented in the tables listed after the fund’s portfolio. Collateral pledged for initial margin on futures contracts and centrally cleared swap contracts, which is not included in the table above, amounted to $595,260 and $4,053,445, respectively.
| 62 Premier Income Trust | Premier Income Trust 63 |

Note 10: Operating segments The fund has adopted the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2023–07, Segment Reporting (Topic 280) — Improvements to Reportable Segment Disclosures . The update is limited to disclosure requirements and does not impact the fund’s financial position or results of operations. The fund operates as a single operating segment, which is an investment portfolio. The fund’s investment manager serves as the Chief Operating Decision Maker (CODM), evaluating fund-wide results and performance under a unified investment strategy. The CODM uses these measures to assess fund performance and allocate resources effectively. Internal reporting provided to the CODM aligns with the accounting policies and measurement principles used in the financial statements. For information regarding segment assets, segment profit or loss, and significant expenses, refer to the Statement of assets and liabilities and the Statement of operations, along with the related notes to the financial statements. The fund’s portfolio provides details of the fund’s investments that generate returns such as interest, dividends, and realized and unrealized gains or losses. Performance metrics, including portfolio turnover and expense ratios, are disclosed in the Financial highlights.

| 64 Premier Income Trust |

Fund information

| Investment Manager             | Trustees                    | Michael J. Higgins            |
| Franklin Advisers, Inc.        | Barbara M. Baumann, Chair   | Vice President, Treasurer,    |
| One Franklin Parkway           | Liaquat Ahamed              | and Clerk                     |
| San Mateo, CA 94403            | Katinka Domotorffy          |                               |
|                                | Catharine Bond Hill         | Jonathan S. Horwitz           |
| Investment Sub-Advisors        | Gregory G. McGreevey        | Executive Vice President,     |
| Franklin Templeton Investment  | Jennifer Williams Murphy    | Principal Executive Officer,