Putnam Premier Income Trust

Frequently Asked Questions About PPT

What does PPT invest in?

Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P 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.

What is the expense ratio of PPT?

Putnam Premier Income Trust (PPT) charges an expense ratio of 0.94%. This is the annual fee deducted from fund assets to cover management and operations.

What is PPT's dividend yield?

PPT's trailing-twelve-month yield is 9.12%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PPT?

Effective duration measures PPT's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PPT's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PPT?

PPT's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PPT?

Yield to maturity (YTM) is the total return you'd earn from PPT if every bond in the portfolio is held to maturity at the current price. PPT's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.