Fund Description: Putnam Premier Income Trust is a non-diversified, closed-end management investment company, better known as a closed-end fund or a closed-end ETF. INVESTMENT OBJECTIVE: The fund's investment objective is to seek high current income consistent with the preservation of capital. FUND STRATEGY: The fund intends to achieve its objective by allocating its investments among the U.S. government sector, high yield sector and international sector of the fixed-income securities market. FUND MANAGEMENT: The Fund's manager is Putnam Investment Management, LLC, an indirect wholly owned subsidiary of Putnam, LLC.