The Putnam Premier Income Trust (PPT) is a mutual fund that focuses on generating income for investors through a diversified portfolio of fixed-income securities. Managed by Putnam Investments, this fund seeks to provide a steady stream of income while also maintaining a level of capital preservation. PPT invests in a variety of fixed-income assets, including government and corporate bonds, mortgage-backed securities, and high-yield bonds. With a long-term investment horizon, this fund aims to provide investors with a reliable source of income and potential for capital appreciation.