Putnam Premier Income Trust (PPT)

• Market cap: $339M
• 1 day: -1.11%
• 5 days: -1.11%
• 1 month: -3.01%
• 3 months: -2.47%
• 6 months: 0.85%
• Year to date: -2.20%
• 1 year: 3.50%
• 5 years: -34.50%
• 10 years: -34.62%

About: Putnam Premier Income Trust is a Massachusetts business trust operating as a non-diversified closed-end management investment company. The fund is currently operating as a diversified fund. Its investment objective is to seek high current income consistent with the preservation of capital by allocating its investments to the U.S. government sector.

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

1% more funds holding

Funds holding: 83 [Q1] → 84 (+1) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

2% less capital invested

Capital invested by funds: $127M [Q1] → $124M (-$2.24M) [Q2]

1.3% less ownership

Funds ownership: 37.36% [Q1] → 36.07% (-1.3%) [Q2]

28% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 29