N-Q 1 incomeformnq0305.txt INCOME QUARTERLY PORTFOLIO HOLDINGS FOR 03/31/2005 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act File Number: 811-3668 The Wright Managed Income Trust --------------------------------------------------- (Exact Name of Registrant as Specified in Charter) The Eaton Vance Building, 255 State Street, Boston, Massachusetts 02109 ----------------------------------------------------------------------- (Address of Principal Executive Offices) Alan R. Dynner The Eaton Vance Building, 255 State Street, Boston, Massachusetts 02109 ----------------------------------------------------------------------- (Name and Address of Agent for Services) (617) 482-8260 ------------------------------ (Registrant's Telephone Number) December 31 ------------------------- Date of Fiscal Year End March 31, 2005 ------------------------- Date of Reporting Period ------------------------------------------------------------------------------ ITEM 1. SCHEDULE OF INVESTMENTS WRIGHT U.S. GOVERNMENT NEAR TERM FUND (WNTB) ------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS - MARCH 31, 2005 (unaudited)
Face Coupon Maturity Market Current Amount Description Rate Date Price Value Yield --------------------------------------------------------------------------------------------------------------------------------- GOVERNMENT INTERESTS MORTAGE-BACKED SECURITIES $ 75,556 FHLMC Gold Balloon #M90710 5.000% 03/01/07 $101.58 $ 76,750 4.9% 53,172 FGFB Pool #M90724 5.500% 05/01/07 101.96 54,216 5.4% 236,357 FGFB Pool #M90767 4.500% 11/01/07 100.47 237,467 4.5% 431,134 FGFB Pool #M90796 4.000% 02/01/08 99.27 427,986 4.0% 366,293 FGFB Pool #M90802 4.000% 03/01/08 99.27 363,619 4.0% 95,249 FNCX Pool #254227 5.000% 02/01/09 100.81 96,018 5.0% 1,256,799 FGFB Pool #M90937 5.000% 08/01/09 101.36 1,273,837 4.9% 1,243,749 FGFB Pool #M90941 4.500% 08/01/09 100.34 1,247,980 4.5% 544,964 FNMA Pool #701043 Flt 4.057% 04/01/33 99.48 542,127 4.1% 438,652 FHLMC Pool #1B1291 Flt 4.403% 11/01/33 100.24 439,710 4.4% 873,846 FNMA Pool #809324 5.800% 02/01/35 99.97 873,605 4.9% U.S. TREASURIES $ 2,740,000 U.S. Treasury Notes 6.750% 05/15/05 $100.50 $ 2,753,810 6.7% 385,000 U.S. Treasury Notes 4.625% 05/15/06 101.23 389,737 4.6% 4,035,000 U.S. Treasury Notes 3.000% 11/15/07 97.86 3,948,627 3.1% U.S. GOVERNMENT AGENCIES $ 770,000 Fed Farm Credits Bks 2.500% 03/15/06 $ 98.88 761,412 2.5% 795,000 FNMA 1.750% 06/16/06 97.61 775,969 1.8% 2,135,000 FNMA 3.000% 11/22/06 98.55 2,104,043 3.0% 3,135,000 FHLMC 3.250% 11/02/07 97.99 3,071,996 3.3% NON-GOVERNMENT INTERESTS WHOLE LOAN MORTGAGE-BACKED SECURITIES $ 283,698 WAMU 2004-AR3 A2 4.243% 06/25/34 $ 98.88 $ 280,518 4.3% 274,534 Countrywide Alternative Loan Trust 5.280% 09/25/34 99.93 274,333 5.3% 305,318 WFMBS 2004-Z 2A2 4.365% 12/25/34 98.34 300,265 4.4% ----------- TOTAL INVESTMENTS (identified cost, $20,625,950) - 98.6% $20,294,025 Other Assets, Less Liabilities -- 1.4% 291,354 ----------- Net Assets -- 100.0% $20,585,379 ============ FHLMC - Federal Home Loan Mortgage Corporation FNMA - Federal National Mortgage Association The Fund did not have any open financial instruments at March 31, 2005. The cost and unrealized appreciation (depreciation) in value of the investments owned at March 31, 2005, as computed on a federal income tax basis, were as follows: AGGREGATE COST $20,625,950 ----------- Gross unrealized appreciation $ 3,990 Gross unrealized depreciation $ (335,914) ------------ NET UNREALIZED APPRECIATION $ (331,924) =============
WRIGHT TOTAL RETURN BOND FUND (WTRB) ------------------------------------------------------------------------------- SCHEDULE OF INVESTMENTS - MARCH 31, 2005 (unaudited)
Face Coupon Maturity Market Current Amount Description Rate Date Price Value Yield ---------------------------------------------------------------------------------------------------------------------------------- ASSET-BACKED SECURITIES ----------------------- FINANCIAL SERVICES $ 430,000 Citibank Credit Card Issuance Trust 6.900% 10/15/07 $101.85 $ 437,936 6.8% 380,000 Citibank Credit Card Master Tr 1999-2 5.875% 3/10/11 105.01 399,031 5.6% 610,000 MBNA Master Credit Card Tr 1999-B 5.900% 8/15/11 105.27 642,153 5.6% ---------- Total Asset-Backed Securities - 3.8% $ 1,479,120 ---------- WHOLE LOAN MORTGAGE-BACKED SECURITIES ----------------------------------------- FINANCIAL SERVICES $ 349,483 WAMU 2004-AR3 A2 4.243% 6/25/34 $ 98.88 $ 345,565 4.3% 321,720 Countrywide Alternative Loan Trust 5.280% 9/25/34 99.93 321,484 5.3% 357,795 WFMBS 2004-Z 2A2 4.365% 12/25/34 98.34 351,873 4.4% ---------- Total Whole Loan Mortgage-Backed Securities - 2.6% $ 1,018,922 ---------- CORPORATE BONDS ----------------- AEROSPACE $ 340,000 Boeing Capital Corp 7.375% 9/27/10 $112.51 $ 382,534 6.6% AUTO $ 190,000 Daimlerchrysler 7.200% 9/01/09 $107.76 $ 204,739 6.7% 200,000 Ford Motor Credit 7.375% 10/28/09 100.53 201,066 7.3% 195,000 GMAC 8.800% 3/01/21 90.14 175,772 9.8% BANKS $ 205,000 Bank One Corp 2.625% 6/30/08 $ 94.49 $ 193,714 2.8% 390,000 Bayerische Landesbank 2.600% 10/16/06 98.12 382,663 2.7% 335,000 CIT Group Inc 7.750% 4/02/12 115.83 388,017 6.7% 320,000 Natl Rural Util 7.250% 3/01/12 113.18 362,167 6.4% 325,000 Royal Bank of Scotland 7.648% 8/31/49 123.25 400,565 6.2% 360,000 US Bancorp 5.100% 7/15/07 102.03 367,317 5.0% BEVERAGES $ 380,000 Pepsico Inc. 3.200% 5/15/07 $ 98.28 $ 373,446 3.3% BLDG - RESIDENTIAL $ 170,000 Centex Corp 7.875% 2/01/11 $113.15 $ 192,357 7.0% BUILDING MATERIALS $ 95,000 Lowes Companies 8.250% 6/01/10 $116.31 $ 110,492 7.1% CABLE TV $ 170,000 Comcast 8.375% 3/15/13 $119.00 $ 202,302 7.1% DIVERSIFIED FINAN SERV $ 375,000 Bear Stearns Co Flt rate 2.550% 9/27/07 $101.26 $ 379,715 2.5% 230,000 Cendant Corp 6.250% 1/15/08 104.15 239,547 6.0% 190,000 First Union Corp 6.400% 4/01/08 106.82 202,949 6.0% 415,000 General Elec Cap Corp 6.125% 2/22/11 106.97 443,877 5.7% 300,000 Goldman Sachs Grp Inc 6.600% 1/15/12 108.36 325,088 6.1% 390,000 SLM Corp Flt rate 3.361% 1/26/09 100.22 390,840 3.4% ELECTRIC-INTEGRATED $ 190,000 American Electric Power 6.125% 5/15/06 $102.25 $ 194,277 6.0% 205,000 Dominion Resources Inc 6.300% 3/15/33 103.75 212,680 6.1% 190,000 PPL Electric Util 5.875% 8/15/07 103.27 196,217 5.7% 210,000 Scana Corp Flt Rate Called 4/1/05 3.244% 11/15/06 100.12 210,247 3.2% 175,000 Sempra Energy 6.000% 2/01/13 104.94 183,648 5.7% FOOD-RETAIL $ 180,000 Albertson's Inc 7.500% 2/15/11 $110.97 $ 199,745 6.8% 200,000 Safeway Inc 5.800% 8/15/12 102.79 205,578 5.7% INSTRUMENT - CONTROLS $ 345,000 Honeywell Inc 7.000% 3/15/07 $105.27 $ 363,172 6.7% MEDICAL $ 110,000 Amgen Inc 6.500% 12/01/07 $105.61 $ 116,169 6.2% 205,000 Wyeth 5.500% 3/15/13 101.81 208,720 5.4% MEDICAL-HMO $ 380,000 Unitedhealth Group Inc 4.875% 4/01/13 $ 99.54 $ 378,260 4.9% MULTIMEDIA $ 185,000 AOL Time Warner Inc 6.750% 4/15/11 $108.19 $ 200,159 6.2% OIL&GAS $ 460,000 BP Capital Markets PLC 2.750% 2/29/06 $ 98.06 $ 451,059 2.8% 320,000 Phillips Petroleum 6.650% 7/15/18 112.39 359,637 5.9% 190,000 Repsol Intl Finance 7.450% 7/15/05 101.23 192,344 7.4% 180,000 Transocean Inc 7.500% 4/15/31 123.87 222,960 6.1% PIPELINES $ 185,000 Duke Capital 7.500% 10/01/09 $110.28 $ 204,011 6.8% PROPERTY/CASUALTY INSURANCE $ 205,000 Fund American Cos Inc 5.875% 5/15/13 $101.69 $ 208,471 5.8% RETAIL $ 135,000 TJX Companies Inc 7.450% 12/15/09 $111.20 $ 150,126 6.7% TELECOMMUNICATIONS $ 165,000 Ameritech Cap Corp 7.500% 4/01/05 $100.00 $ 165,000 7.5% 180,000 AT & T Wireless 7.875% 3/01/11 113.88 204,976 6.9% 145,000 British Telecom PLC 8.625% 8.875% 12/15/30 133.65 193,788 6.7% 170,000 Deutsche Tel Fin 8% 8.500% 6/15/10 115.13 195,722 7.4% 170,000 France Telecom Flt Rate 8.000% 3/01/11 114.56 194,753 7.0% 190,000 Sprint Cap Corp 6.125% 11/15/08 104.61 198,750 5.9% 325,000 Verizon Global 7.750% 12/01/30 121.23 394,005 6.4% ---------- Total Corporate Bonds - 30.6% $11,923,641 ---------- GOVERNMENT INTERESTS -------------------- MORTGAGE-BACKED SECURITIES $ 83,429 GNMA Pool #436214 6.500% 2/15/13 $105.00 $ 87,600 6.2% 80,808 GNMA Pool #463839 6.000% 5/15/13 103.87 83,933 5.8% 38,510 GNMA Pool #442996 6.000% 6/15/13 103.87 39,999 5.8% 47,300 Freddie Mac Pool #E00903 7.000% 10/01/15 105.11 49,717 6.7% 292,864 FNCI Pool #545317 5.500% 11/01/16 102.05 298,859 5.4% 488,638 FNCI Pool #663689 5.000% 1/01/18 100.09 489,057 5.0% 584,080 FNCI Pool #254865 4.500% 9/01/18 97.99 572,314 4.6% 247,405 FNCI Pool #725550 5.000% 5/01/19 100.09 247,617 5.0% 524,539 GNMA Pool #374892 7.000% 2/15/24 106.24 557,255 6.6% 91,028 GNMA Pool #376400 6.500% 2/15/24 104.99 95,567 6.2% 142,765 GNMA Pool #379982 7.000% 2815/24 106.24 151,669 6.6% 151,159 GNMA Pool #410081 8.000% 8/15/25 107.92 163,126 7.4% 175,589 GNMA Pool #448490 7.500% 3/15/27 107.48 188,721 7.0% 68,019 GNMA Pool #427199 7.000% 12/15/27 105.97 72,077 6.6% 146,063 GNMA Pool #460726 6.500% 12/15/27 104.75 153,001 6.2% 167,473 GNMA Pool #458762 6.500% 1/15/28 104.72 175,372 6.2% 135,749 GNMA Pool #478072 6.500% 5/15/28 104.72 142,152 6.2% 60,263 GNMA Pool #488924 6.500% 11/15/28 104.72 63,106 6.2% 115,266 GNMA II Pool #2671 6.000% 11/20/28 102.91 118,625 5.8% 76,826 FNMA Pool #479477 6.000% 1/01/29 102.58 78,809 5.9% 605,237 FNCL Pool #576524 5.500% 1/01/29 100.67 609,293 5.5% 60,914 FNMA Pool #489357 6.500% 3/01/29 104.15 63,442 6.2% 48,689 FGLMC Pool #c27663 7.000% 6/01/29 105.47 51,354 6.6% 38,839 GNMA Pool #0510706 8.000% 11/15/29 107.86 41,892 7.4% 70,049 FNMA Pool #535332 8.500% 4/01/30 109.00 76,354 7.8% 20,034 GNMA Pool #2909 8.000% 4/20/30 107.38 21,512 7.5% 57,001 GNMA Pool #2972 7.500% 9/20/30 106.89 60,931 7.0% 21,637 GNMA Pool #2973 8.000% 9/20/30 107.38 23,234 7.5% 96,711 FNCL Pool #597396 6.500% 9/01/31 104.04 100,618 6.2% 355,306 FNMA Pool #545407 5.500% 1/01/31 100.50 357,070 5.5% 50,346 FNCL Pool #634823 6.500% 3/01/31 104.00 52,361 6.3% 97,785 FNCL Pool #545782 7.000% 7/01/32 105.50 103,167 6.6% 709,607 FNCL Pool #545993 6.000% 11/01/32 102.38 726,478 5.9% 440,989 FNMA Pool #701043 Flt 4.057% 4/01/33 99.48 438,693 4.1% 162,914 FGLMC Pool #a10798 5.500% 5/01/33 100.47 163,688 5.5% 516,948 FNCL Pool #555531 5.500% 6/01/33 100.36 518,822 5.5% 145,037 GNMA Pool #581536 5.500% 6/15/33 101.06 146,571 5.4% 135,802 FGLMC Pool #c01646 6.000% 9/01/33 102.41 139,075 5.9% 598,947 FGLMC Pool #A13645 6.000% 9/01/33 102.41 613,382 5.9% 563,374 FNCI Pool #739372 Flt 4.103% 9/01/33 98.04 552,318 4.2% 1,012,958 GNMA Pool #3442 5.000% 9/20/33 98.69 999,647 5.1% 95,654 FGLMC Pool #c01702 6.500% 10/01/33 104.19 99,664 6.3% 1,120,571 FNCL Pool #254904 5.500% 10/01/33 100.36 1,124,631 5.5% 394,485 FNCL Pool #739319 6.000% 10/01/33 102.27 403,452 5.9% 442,218 FHLMC Pool #1B1291 Flt 4.403% 11/01/33 100.24 443,285 4.4% 304,893 FNCL Pool #738630 5.500% 11/01/33 100.36 305,998 5.5% 1,115,964 GNMA Pool #3530 5.500% 3/20/34 100.91 1,126,071 5.5% 1,035,851 FNMA Pool #809324 5.800% 2/01/35 99.97 1,035,565 4.9% 220,000 JP Morgan Chase Commercial Mtg Sec 4.899% 11/12/39 98.48 216,646 5.0% 340,000 Citigroup Commercial Mtg Trust 4.733% 10/15/41 97.42 331,228 4.9% 565,000 JP Morgan Chase Commercial Mtg Sec 4.878% 1815/42 98.18 554,704 5.0% U.S. GOVERNMENT AGENCIES $ 415,000 Fed Farm Credits Bks 2.500% 3/15/06 $ 98.88 $ 410,372 2.5% 865,000 FNMA 3.000% 11/22/06 68.55 852,458 3.0% 380,000 FHLMC 3.250% 11/2/07 97.99 372,363 3.3% 900,000 FNMA 2.875% 5/19/08 96.01 864,084 3.0% 770,000 FNMA 3.875% 11/17/08 98.22 756,276 3.9% 320,000 Tennessee Valley Auth 6.000% 3/15/13 108.73 347,946 5.5% 275,000 FNMA 6.250% 5/15/29 115.01 316,281 5.5% U.S. Treasuries $ 685,000 U.S. Treasury Notes 4.625% 5/15/06 $101.23 $ 693,429 4.6% 580,000 U.S. Treasury Notes 3.875% 2/15/13 96.56 560,040 4.0% 1,188,654 U.S. Treasury Nts INFL IX 2.000% 7/15/14 102.17 1,214,492 2.0% 2,395,000 U.S. Treasury Bonds 6.125% 11/15/27 116.91 2,799,998 5.2% ----------- Total Government Interests - 63.0% $ 24,517,461 ----------- Total Investments (identified cost, $39,362,380) - 99.2% $ 38,939,144 Other assets, Less liabilities - 0.8% 329,908 ----------- Net Assets -- 100.0% $ 39,269,052 ============ FHLMC - Federal Home Loan Mortgage Corporation FNMA - Federal National Mortgage Association GNMA - Government National Mortgage Association The Fund did not have any open financial instruments at March 31, 2005. The cost and unrealized appreciation (depreciation) in value of the investments owned at March 31, 2005, as computed on a federal income tax basis, were as follows: AGGREGATE COST $39,362,380 ------------ Gross unrealized appreciation $ 290,370 Gross unrealized depreciation $ (713,606) ------------ NET UNREALIZED DEPRECIATION $ (423,236) ============
WRIGHT CURRENT INCOME FUND (WCIF) ------------------------------------------------------------------------------ SCHEDULE OF INVESTMENTS - MARCH 31, 2005 (unaudited)
Face Coupon Maturity Market Current Amount Description Rate Date Price Value Yield ----------------------------------------------------------------------------------------------------------------------------------- MORTGAGE-BACKED SECURITIES - 99.6% $ 49 GNMA Pool #7003 8.000% 7/15/05 $100.86 $ 49 7.9% 223 GNMA Pool #9889 7.250% 2/15/06 101.99 227 7.1% 207 GNMA Pool #9106 8.250% 5/15/06 102.46 212 8.1% 394 GNMA Pool #12526 8.000% 11/15/06 102.02 402 7.8% 10,634 FGFB Pool #M90724 5.500% 5/01/07 101.96 10,843 5.4% 236,357 FGFB Pool #M90767 4.500% 11/01/07 100.47 237,467 4.5% 122,098 FGFB Pool #M90802 4.000% 3/01/08 99.27 121,206 4.0% 47,624 FNCX Pool #254227 5.000% 2/01/09 100.81 48,009 5.0% 44,548 FNCX Pool #254505 5.000% 11/01/09 100.81 44,908 5.0% 436 GNMA Pool #153564 10.000% 4/15/16 112.31 489 8.9% 6,450 GNMA Pool #172558 9.500% 8/15/16 110.48 7,126 8.6% 4,085 GNMA Pool #177784 8.000% 10/15/16 107.56 4,394 7.4% 2,802 GNMA Pool #176992 8.000% 11/15/16 107.56 3,014 7.4% 11,526 GNMA Pool #194287 9.500% 3/15/17 110.79 12,770 8.6% 1,651 GNMA Pool #196063 8.500% 3/15/17 109.19 1,803 7.8% 725 GNMA Pool #208076 8.000% 4/15/17 108.20 784 7.4% 13,427 GNMA Pool #192357 8.000% 4/15/17 108.20 14,528 7.4% 20,358 GNMA Pool #194057 8.500% 4/15/17 109.19 22,229 7.8% 7,028 GNMA Pool #220917 8.500% 4/15/17 109.19 7,675 7.8% 8,207 GNMA Pool #211231 8.500% 5/15/17 109.19 8,961 7.8% 7,275 GNMA Pool #212601 8.500% 6/15/17 109.19 7,944 7.8% 5,490 GNMA Pool #223133 9.500% 7/15/17 110.79 6,082 8.6% 434,206 FNCI Pool #254546 5.500% 12/01/17 102.04 443,061 5.4% 162,879 FNCI Pool #663689 5.000% 1/01/18 100.09 163,019 5.0% 1,548 GNMA Pool #223588 10.000% 2/15/18 112.88 1,747 8.9% 814,101 FNCI Pool #696828 5.000% 4/01/18 100.09 814,800 5.0% 3,165 GNMA Pool #230223 9.500% 4/15/18 111.05 3,515 8.6% 4,957 GNMA Pool #251241 9.500% 6/15/18 111.05 5,504 8.6% 9,643 GNMA Pool #223348 10.000% 7/15/18 112.88 10,885 8.9% 1,299 GNMA Pool #247473 10.000% 9/15/18 105.83 1,374 8.9% 3,872 GNMA Pool #247872 10.000% 9/15/18 112.88 4,370 8.9% 8,237 GNMA Pool #258911 9.500% 9/15/18 111.05 9,147 8.6% 10,009 GNMA Pool #260999 9.500% 9/15/18 111.05 11,115 8.6% 1,276,827 FGCI Pool #b11636 5.000% 1/01/19 100.19 1,279,299 5.0% 14,015 GNMA Pool #228308 10.000% 1/15/19 113.06 15,845 8.9% 4,253 GNMA Pool #266983 10.000% 2/15/19 113.06 4,808 8.9% 9,420 GNMA Pool #263439 10.000% 2/15/19 113.06 10,649 8.9% 3,426 GNMA Pool #273690 9.500% 8/15/19 111.28 3,813 8.5% 9,109 GNMA Pool #286556 9.000% 3/15/20 109.92 10,012 8.2% 1,637 GNMA Pool #265267 9.500% 8/15/02 111.48 1,825 8.5% 4,490 GNMA Pool #1596 9.000% 4/20/21 109.66 4,923 8.2% 841 GNMA Pool #302723 8.500% 5/15/21 109.94 924 7.7% 6,587 GNMA Pool #301366 8.500% 6/15/21 109.94 7,242 7.7% $ 8,681 GNMA Pool #302933 8.500% 6/15/21 $109.94 $ 9,545 7.7% 12,006 GNMA Pool #308792 9.000% 7/15/21 110.06 13,213 8.2% 6,193 GNMA Pool #306693 8.500% 9/15/21 109.94 6,809 7.7% 15,573 GNMA Pool #315754 8.000% 1/15/22 108.00 16,818 7.4% 28,202 GNMA Pool #316240 8.000% 1/15/22 108.00 30,457 7.4% 8,687 GNMA Pool #321976 8.500% 1/15/22 110.06 9,561 7.7% 3,765 GNMA Pool #314222 8.500% 4/15/22 110.06 4,144 7.7% 31,434 GNMA Pool #319441 8.500% 4/15/22 110.06 34,596 7.7% 14,483 GNMA Pool #315187 8.000% 6/15/22 108.00 15,641 7.4% 15,582 GNMA Pool #325165 8.000% 6/15/22 108.00 16,828 7.4% 16,537 GNMA Pool #335950 8.000% 10/15/22 108.00 17,859 7.4% 81,817 GNMA II Pool #000723 7.500% 1/20/23 107.59 88,023 7.0% 34,147 GNMA Pool #350659 7.500% 6/15/23 107.99 36,876 6.9% 40,020 GNMA Pool #348213 6.500% 8/15/23 105.16 42,087 6.2% 77,147 GNMA Pool #352110 7.000% 8/15/23 106.30 82,011 6.6% 170,124 GNMA Pool #352001 6.500% 12/15/23 105.16 78,909 6.2% 102,474 GNMA Pool #368238 7.000% 12/15/23 106.30 108,935 6.6% 726,758 GNMA Pool #616829 5.500% 1/15/25 102.34 743,786 5.4% 31,963 GNMA Pool #414736 7.500% 11/15/25 107.64 34,406 7.0% 140,411 GNMA Pool #410215 7.500% 12/15/25 107.64 151,143 7.0% 125,314 GNMA Pool #420707 7.000% 2/15/26 106.07 132,924 6.6% 56,583 GNMA Pool #421829 7.500% 4/15/26 107.54 60,850 7.0% 23,340 GNMA Pool #431036 8.000% 7/15/26 107.90 25,185 7.4% 109,259 GNMA Pool #2268 7.500% 8/20/26 107.14 117,055 7.0% 129,728 GNMA Pool #780429 7.500% 9/15/26 107.59 139,577 7.0% 52,789 GNMA Pool #372379 8.000% 10/15/26 107.90 56,961 7.4% 98,194 GNMA Pool #431612 8.000% 11/15/26 107.90 105,956 7.4% 37,477 GNMA Pool #442190 8.000% 12/15/26 107.90 40,440 7.4% 251,210 GNMA Pool #458762 6.500% 1/15/28 104.72 263,059 6.2% 89,326 GNMA Pool #462623 6.500% 3/15/28 104.72 93,540 6.2% 210,032 GNMA Pool #472028 6.500% 5/15/28 104.72 219,938 6.2% 59,615 GNMA Pool #449176 6.500% 7/15/28 104.72 62,427 6.2% 412,418 GNMA Pool #486482 6.500% 9/15/28 104.72 431,869 6.2% 186,151 GNMA Pool #469615 6.500% 10/15/28 104.72 194,931 6.2% 181,497 FNMA Pool #535131 6.500% 3/01/29 102.58 186,182 5.9% 15,408 GNMA Pool #002855 8.500% 12/20/29 108.55 16,726 7.8% 210,508 GNMA Pool #570141 6.500% 12/15/31 104.60 220,198 6.2% 356,077 GNMA Pool #523002 6.500% 2/15/32 104.60 372,473 6.2% 98,572 GNMA Pool #538314 7.000% 2/15/32 105.76 104,248 6.6% 224,715 GNMA Pool #3228 6.500% 4/20/32 104.26 234,356 6.2% 452,088 GNSF Pool #587080 6.500% 5/15/32 104.60 472,905 6.2% 840,033 GNMA Pool #3259 5.500% 7/20/32 100.97 848,158 5.4% 972,403 GNMA POOL #585467 6.000% 8/15/32 102.98 1,001,334 5.8% 426,444 GNSF Pool #594897 6.000% 9/15/32 102.98 439,131 5.8% 1,250,143 GNMA Pool #3284 5.500% 9/20/32 100.97 1,262,227 5.4% 783,264 FNCL Pool #673315 5.500% 11/01/32 100.43 786,653 5.5% $1,031,647 GNMA Pool #595455 5.500% 11/15/32 $101.09 $ 1,042,908 5.4% 1,089,907 GNMA Pool #595606 6.000% 11/15/32 102.98 1,122,334 5.8% 1,563,187 GNMA Pool #589580 5.500% 11/15/32 101.09 1,580,251 5.4% 991,588 GNMA Pool #595207 5.500% 12/15/32 101.09 1,002,413 5.4% 236,022 FNMA Pool #701043 Flt 4.057% 4/01/33 99.48 234,793 4.1% 2,216,387 GNMA Pool #471369 5.500% 5/15/33 101.06 2,239,823 5.4% 2,634,090 GNMA Pool #781636 5.500% 7/15/33 101.09 2,662,773 5.4% 558,990 FGLMC Pool #c01672 6.000% 10/01/33 102.41 572,463 5.9% 231,808 FHLMC Pool #1B1291 Flt 4.403% 11/01/33 100.24 232,367 4.4% 592,785 FNCL Pool #729950 6.000% 12/01/33 102.27 606,259 5.9% 949,468 GNSF Pool #603250 5.500% 4/15/34 101.03 959,255 5.4% 989,723 GNMA Pool #619718 6.000% 5/15/34 102.84 1,017,856 5.8% 2,893,691 GNMA Pool #3556 5.500% 5/20/34 100.91 2,919,901 5.5% 600,765 FNCL Pool #805689 6.500% 10/01/34 103.85 623,921 6.3% 2,241,110 FNCL Pool #803855 5.500% 12/01/34 100.24 2,246,596 5.5% 1,500,181 FNCL Pool #805062 6.000% 1/01/35 102.27 1,534,257 5.9% 795,000 FHARM Pool #783082 4.907% 3/01/35 100.13 795,994 4.9% ----------- TOTAL INVESTMENTS (identified cost, $32,487,203) - 99.6% $34,294,113 ----------- Other Assets, less Liabilities - 0.4% 151,616 ----------- Net Assets - 100.0% $34,445,729 ============ FHLMC - Federal Home Loan Mortgage Corporation FNMA - Federal National Mortgage Association GNMA - Government National Mortgage Association The Fund did not have any open financial instruments at March 31, 2005. The cost and unrealized appreciation (depreciation) in value of the investments owned at March 31, 2005, as computed on a federal income tax basis, were as follows: AGGREGATE COST $32,487,203 ------------ Gross unrealized appreciation $ 2,007,126 Gross unrealized depreciation $ (200,217) ------------ NET UNREALIZED APPRECIATION $ 1,806,909 ============
ITEM 2. CONTROLS AND PROCEDURES (a) It is the conclusion of the registrant's principal executive officer and principal financial officer that the effectiveness of the registrant's current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission's rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant's principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure. (b) There have been no changes in the registrant's internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant's internal control over financial reporting. Item 3. Exhibits Certification of Principal Executive Officer and Principal Financial Officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940(17CFR 270.30a-2(a)) is attached hereto as Exhibit 99Cert. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. The Wright Managed Income Trust (On behalf of Wright U.S. Government Near -------------------------------------------------------------------------------- Term Fund, Wright Total Return Bond Fund and Wright Current Income Fund. ------------------------------------------------------------------------- By: /s/ Peter M. Donovan ---------------------- Peter M. Donovan President Date: May 16, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ James L. O'Connor ---------------------- James L. O'Connor Treasurer Date: May 16,2005 By: /s/ Peter M. Donovan ---------------------- Peter M. Donovan President Date: May 16,2005