Putnam Premier Income Trust is a fixed income mutual fund managed by Putnam Investment Management, LLC with assistance from Putnam Investments Limited. The fund invests in the global public fixed income markets, primarily high-grade and high-yield bonds in the USA with an average credit rating of BBB by S&P Corporation. Its portfolio performance is compared to the Barclays Capital Government Bond Index and it was established in the United States on February 29, 1988.