PPT - Franklin Premier Income Trust

What this means for you

Sit Investment has told the regulator it may push for changes at this fund. That usually means asking the fund to buy back shares at close to the full value of its holdings, to change who runs it, or to close down and pay holders out.

Nothing is required of you now. If the fund itself announces a buy-back or a vote, it appears in the box above with the date by which you would need to act.

Large investors can also sell down and walk away. We show every notice they file, the day it is filed.

Email me if this changes

What happened, and when

1. July 29, 2026

   Sit Investment raised its stake to 30.1% (from 29.1%). It has said it may push for changes.

   Original document →

2. Nov 21, 2025

   Sit Investment raised its stake to 29.1% (from 28%). It has said it may push for changes.

   Original document →

3. Aug 29, 2025

   Sit Investment raised its stake to 28% (from 27%). It has said it may push for changes.

   Original document →

4. July 17, 2025

   Sit Investment raised its stake to 27% (from 26%). It has said it may push for changes.

   Original document →

5. May 9, 2025

   Sit Investment raised its stake to 26% (from 25%). It has said it may push for changes.

   Original document →

About this fund

• Run by Franklin Advisers, Inc. Part of the Franklin Templeton Group of Funds fund family. As of July 31, 2025, from the fund's yearly report. Original document →
• Size: about $356 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 23% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.8% a year in management fees; 0.9% a year in total, including interest on borrowed money. Fiscal year ended July 31, 2025. As of July 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended July 31, 2024) the fund paid $0.31 a share. $0.21 of that was income; $0.10 was your own money back, not income. As of July 31, 2024, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (July 31, 2025): $3.80. The shares traded at $3.66, about 3.7% below that. As of July 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 0.8% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +6.6%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the share price did: the shares returned +8.5% over the last fiscal year (ended July 31, 2024), counting payouts and the change in the market price. As of July 31, 2024, from the fund's annual report. Original document →
• First reported to the regulator in 1994.

What the fund holds

Mostly mortgage bonds (42%), the rest bonds, loans and cash and short-term holdings. About 81% issued in the U.S.

1. FNMA or FHLMC, Uniform Mortgage-Backed Securities - 15.4%
2. Cash and short-term - 3.9%
3. GNMA II, Single-family, 30 Year - 5.3%
4. Franklin Ultra Short Bond ETF - 2.6%
5. Derivatives - 1.9%
6. Putnam Short Term Investment Fund class P shares - 1.2%
7. VCAT LLC, Series 2026-NPL2, Class A1 - 0.6%
8. FHLMC STACR Trust, Series 2018-HQA2, Class B2 - 0.6%
9. Alternative Loan Trust, Series 2006-OA10, Class 4A1 - 0.5%
10. JPMorgan Chase & Co. - 0.5%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →