Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management LLC The fund is comanaged by Putnam Investments Limited It invests in the public fixed income markets across the globe The fund primarily invests in US highgrade and highyield bonds with an average credit quality of BBB by SP Corporation It benchmarks the performance of its portfolio against the Barclays Capital Government Bond Index Putnam Premier Income Trust was formed on February 29 1988 and is domiciled in the United States