Putnam Premier Income Trust (PPT) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PPT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PPT
Among 101 mutual funds in the Multisector Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Short Duration Diversified Income Fund | 0.02% | — | Feb 2005 | PPT vs EVG | |
| MFS Multimarket Income Trust | 0.03% | — | Mar 1987 | PPT vs MMT | |
| Nuveen Multi-Market Income Fund | 0.04% | — | Dec 1988 | PPT vs JMM | |
| KKR Income Opportunities Fund | 0.04% | — | Jul 2013 | PPT vs KIO | |
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | PPT vs DBSCX |
Best Risk-Adjusted Alternatives to PPT
PPT has a PortfoliosLab risk / return rank of 6. There are 91 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | PPT vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | PPT vs NWXEX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | PPT vs RFXIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | PPT vs BWDTX | |
| Oaktree Diversified Income Fund Inc. Class D | 98 | — | Nov 2021 | PPT vs ODIDX |
Top Performing PPT Alternatives (YTD)
PPT is at 1.76% YTD. There are 19 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 5.54%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Brookfield Real Assets Income Fund Inc. | 5.54% | — | — | PPT vs RA | |
| Saba Capital Income & Opportunities Fund | 3.37% | — | Dec 1987 | PPT vs BRW | |
| BrandywineGLOBAL - Flexible Bond Fund | 2.86% | — | May 2016 | PPT vs LFLIX | |
| Nationwide Amundi Strategic Income Fund | 2.67% | — | Nov 2015 | PPT vs NWXHX | |
| abrdn Income Credit Strategies Fund | 2.65% | — | Jan 2011 | PPT vs ACP |
Lowest Volatility Alternatives to PPT
PPT has 9.18% 1-year volatility. There are 92 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.17% | — | Nov 2015 | PPT vs NWXHX | |
| Nationwide Strategic Income A | 1.24% | — | Nov 2015 | PPT vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | PPT vs BWDTX | |
| Rational Special Situations Income Fund | 1.39% | — | Jul 2019 | PPT vs RFXIX | |
| Oaktree Diversified Income Fund Inc. Class D | 1.47% | — | Nov 2021 | PPT vs ODIDX |
Lowest Drawdown Alternatives to PPT
PPT has a 1-year max drawdown of -5.05%. There are 85 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | PPT vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | PPT vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | PPT vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | PPT vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | PPT vs BWDTX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEIYX, PEQSX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 92 | 14.93% | — | Jun 1977 | PPT vs PEYAX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 93 | 15.07% | — | Oct 1998 | PPT vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 93 | 15.12% | — | Jul 2012 | PPT vs PEQSX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 8 | 0.25% | — | Oct 1995 | PPT vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 47 | 27.05% | — | Dec 2008 | PPT vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 22 | 3.92% | — | Aug 1990 | PPT vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 50 | 8.35% | — | Sep 2010 | PPT vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 8 | 0.39% | — | Aug 1999 | PPT vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.68% | — | Oct 2011 | PPT vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 25 | 15.42% | — | Dec 1997 | PPT vs PNSAX |
Often Compared With PPT
Investors most often compare PPT with PFL, PIM, PCF. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PPT with Any Fund or Stock
Compare PPT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PPT with funds that move differently
Putnam Premier Income Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PPT.
Explore PPT Diversifiers