0001435109-12-000027.txt : 20120229 0001435109-12-000027.hdr.sgml : 20120229 20120229140605 ACCESSION NUMBER: 0001435109-12-000027 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120229 DATE AS OF CHANGE: 20120229 EFFECTIVENESS DATE: 20120229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WRIGHT MANAGED INCOME TRUST CENTRAL INDEX KEY: 0000715165 IRS NUMBER: 042789493 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-03668 FILM NUMBER: 12651627 BUSINESS ADDRESS: STREET 1: 440 WHEELERS FARM RD. CITY: MILFORD STATE: CT ZIP: 06461 BUSINESS PHONE: 1-800-888-9471 MAIL ADDRESS: STREET 1: 440 WHEELERS FARM RD. CITY: MILFORD STATE: CT ZIP: 06461 FORMER COMPANY: FORMER CONFORMED NAME: WRIGHT MANAGED BOND TRUST DATE OF NAME CHANGE: 19910331 FORMER COMPANY: FORMER CONFORMED NAME: BOND FUND FOR BANK TRUST DEPARTMENTS BFBT FUND DATE OF NAME CHANGE: 19880218 0000715165 S000009581 Wright Total Return Bond Fund C000026173 Wright Total Return Bond Fund WTRBX 0000715165 S000009582 Wright Current Income Fund C000026174 Wright Current Income Fund WCIFX NSAR-B 1 answer.fil PAGE 1 000 B000000 12/31/2011 000 C000000 0000715165 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 WRIGHT MANAGED INCOME TRUST 001 B000000 811-03668 001 C000000 8008889471 002 A000000 440 WHEELERS FARMS ROAD 002 B000000 MILFORD 002 C000000 CT 002 D010000 06461 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 2 007 C010100 1 007 C010200 2 007 C010300 3 007 C020300 WRIGHT TOTAL RETURN BOND FUND 007 C030300 N 007 C010400 4 007 C020400 WRIGHT CURRENT INCOME FUND 007 C030400 N 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A00AA01 WRIGHT INVESTORS' SERVICE, INC. 008 B00AA01 A 008 C00AA01 801-51257 008 D01AA01 MILFORD 008 D02AA01 CT 008 D03AA01 06461 010 A00AA01 WRIGHT INVESTORS' SERVICE, INC. 010 B00AA01 801-51257 010 C01AA01 MILFORD 010 C02AA01 CT 010 C03AA01 06461 011 A00AA01 WRIGHT INVESTORS' SERVICE DISTRIBUTORS, INC. 011 B00AA01 8-029579 011 C01AA01 MILFORD 011 C02AA01 CT PAGE 2 011 C03AA01 06460 012 A00AA01 ATLANTIC SHAREHOLDER SERVICES, LLC 012 B00AA01 84-06277 012 C01AA01 PORTLAND 012 C02AA01 ME 012 C03AA01 04101 013 A00AA01 BBD, LLP 013 B01AA01 PHILADELPHIA 013 B02AA01 PA 013 B03AA01 19103 014 A00AA01 WRIGHT INVESTORS' SERVICE DISTRIBUTORS, INC. 014 B00AA01 8-029579 015 A00AA01 UNION BANK, N.A. 015 B00AA01 C 015 C01AA01 SAN FRANCISCO 015 C02AA01 CA 015 C03AA01 94104 015 E01AA01 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 5 019 C00AA00 WRIGHTFUND 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 0 022 A000001 FIDELITY GOVERNMENT MONEY MARKET 022 C000001 53147 022 D000001 51519 022 A000002 STEPHENS, INC. 022 B000002 71-0211822 022 C000002 43651 022 D000002 13062 022 A000003 G.X. CLARKE & CO. 022 B000003 13-2969143 022 C000003 12281 022 D000003 15236 022 A000004 PIPER JAFFERY, INC. 022 C000004 1706 022 D000004 2797 022 A000005 SOUTHWEST SECURITIES, INC. 022 B000005 75-1382137 022 C000005 654 022 D000005 880 PAGE 3 022 A000006 CASTLEOAK SECURITIES, L.P. 022 C000006 1148 022 D000006 384 022 A000007 MESIROW FINANCIAL, INC. 022 C000007 1287 022 D000007 150 022 A000008 STERNE, AGEE & LEACH, INC. 022 B000008 63-0463600 022 C000008 301 022 D000008 294 022 A000009 COHEN BROS. & CO. 022 C000009 540 022 D000009 0 022 A000010 RBC CAPITAL MARKETS, LLC 022 C000010 86 022 D000010 401 023 C000000 115805 023 D000000 85098 026 A000000 Y 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 Y 029 00AA00 N 030 A00AA00 0 030 B00AA00 0.00 030 C00AA00 0.00 031 A00AA00 0 031 B00AA00 0 032 00AA00 0 033 00AA00 0 034 00AA00 N 035 00AA00 0 036 B00AA00 0 045 00AA00 Y 046 00AA00 N 047 00AA00 Y 048 00AA00 0.000 048 A01AA00 100000 048 A02AA00 0.450 048 B01AA00 150000 048 B02AA00 0.440 048 C01AA00 250000 048 C02AA00 0.420 048 D01AA00 500000 048 D02AA00 0.400 PAGE 4 048 E01AA00 0 048 E02AA00 0.000 048 F01AA00 0 048 F02AA00 0.000 048 G01AA00 0 048 G02AA00 0.000 048 H01AA00 0 048 H02AA00 0.000 048 I01AA00 0 048 I02AA00 0.000 048 J01AA00 0 048 J02AA00 0.000 048 K01AA00 1000000 048 K02AA00 0.350 054 A00AA00 Y 054 B00AA00 Y 054 C00AA00 N 054 D00AA00 N 054 E00AA00 N 054 F00AA00 N 054 G00AA00 N 054 H00AA00 Y 054 I00AA00 N 054 J00AA00 Y 054 K00AA00 N 054 L00AA00 N 054 M00AA00 Y 054 N00AA00 N 054 O00AA00 N 066 A00AA00 N 067 00AA00 N 068 A00AA00 N 068 B00AA00 N 069 00AA00 N 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 N PAGE 5 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 HARTFORD FIRE INSURANCE CO. 080 C00AA00 1000 081 A00AA00 Y 081 B00AA00 5 082 A00AA00 Y 082 B00AA00 25 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 Y 085 B00AA00 N 024 000300 N 025 D000301 0 025 D000302 0 025 D000303 0 025 D000304 0 025 D000305 0 025 D000306 0 025 D000307 0 025 D000308 0 028 A010300 471 028 A020300 0 028 A030300 0 028 A040300 562 028 B010300 667 028 B020300 63 028 B030300 0 028 B040300 394 028 C010300 523 028 C020300 61 028 C030300 0 028 C040300 1617 028 D010300 1759 028 D020300 59 028 D030300 0 028 D040300 1761 028 E010300 528 028 E020300 58 028 E030300 0 028 E040300 580 028 F010300 491 028 F020300 107 028 F030300 0 028 F040300 676 028 G010300 4439 028 G020300 348 028 G030300 0 PAGE 6 028 G040300 5590 028 H000300 0 037 000300 N 038 000300 0 039 000300 Y 040 000300 Y 041 000300 Y 042 A000300 0 042 B000300 0 042 C000300 100 042 D000300 0 042 E000300 0 042 F000300 0 042 G000300 0 042 H000300 0 043 000300 77 044 000300 0 049 000300 N 050 000300 N 051 000300 N 052 000300 N 053 A000300 Y 053 B000300 Y 053 C000300 N 055 A000300 N 055 B000300 Y 056 000300 Y 057 000300 N 058 A000300 N 059 000300 Y 060 A000300 Y 060 B000300 Y 061 000300 1000 062 A000300 Y 062 B000300 0.0 062 C000300 0.0 062 D000300 0.0 062 E000300 0.0 062 F000300 0.0 062 G000300 0.0 062 H000300 0.0 062 I000300 0.0 062 J000300 0.0 062 K000300 0.0 062 L000300 0.0 062 M000300 13.6 062 N000300 27.8 062 O000300 0.0 062 P000300 46.8 062 Q000300 10.7 062 R000300 0.0 PAGE 7 063 A000300 0 063 B000300 5.9 064 A000300 N 064 B000300 N 070 A010300 Y 070 A020300 N 070 B010300 N 070 B020300 N 070 C010300 N 070 C020300 N 070 D010300 N 070 D020300 N 070 E010300 N 070 E020300 N 070 F010300 N 070 F020300 N 070 G010300 N 070 G020300 N 070 H010300 N 070 H020300 N 070 I010300 N 070 I020300 N 070 J010300 N 070 J020300 N 070 K010300 N 070 K020300 N 070 L010300 Y 070 L020300 Y 070 M010300 N 070 M020300 N 070 N010300 Y 070 N020300 N 070 O010300 Y 070 O020300 Y 070 P010300 Y 070 P020300 N 070 Q010300 N 070 Q020300 N 070 R010300 N 070 R020300 N 071 A000300 16447 071 B000300 18048 071 C000300 30137 071 D000300 55 072 A000300 12 072 B000300 1283 072 C000300 0 072 D000300 0 072 E000300 0 072 F000300 139 072 G000300 22 PAGE 8 072 H000300 0 072 I000300 30 072 J000300 3 072 K000300 0 072 L000300 0 072 M000300 21 072 N000300 19 072 O000300 0 072 P000300 0 072 Q000300 38 072 R000300 20 072 S000300 1 072 T000300 77 072 U000300 0 072 V000300 0 072 W000300 51 072 X000300 421 072 Y000300 128 072 Z000300 990 072AA000300 212 072BB000300 0 072CC010300 789 072CC020300 0 072DD010300 1215 072DD020300 0 072EE000300 0 073 A010300 0.5150 073 A020300 0.0000 073 B000300 0.0000 073 C000300 0.0000 074 A000300 0 074 B000300 0 074 C000300 0 074 D000300 30292 074 E000300 0 074 F000300 0 074 G000300 0 074 H000300 0 074 I000300 0 074 J000300 112 074 K000300 0 074 L000300 272 074 M000300 18 074 N000300 30694 074 O000300 0 074 P000300 0 074 Q000300 0 074 R010300 0 074 R020300 0 074 R030300 0 074 R040300 71 PAGE 9 074 S000300 0 074 T000300 30623 074 U010300 2317 074 U020300 0 074 V010300 13.22 074 V020300 0.00 074 W000300 0.0000 074 X000300 321 074 Y000300 0 075 A000300 0 075 B000300 30789 076 000300 0.00 024 000400 N 025 D000401 0 025 D000402 0 025 D000403 0 025 D000404 0 025 D000405 0 025 D000406 0 025 D000407 0 025 D000408 0 028 A010400 1497 028 A020400 0 028 A030400 0 028 A040400 2291 028 B010400 3569 028 B020400 84 028 B030400 0 028 B040400 686 028 C010400 1475 028 C020400 82 028 C030400 0 028 C040400 1142 028 D010400 17747 028 D020400 83 028 D030400 0 028 D040400 3281 028 E010400 2838 028 E020400 94 028 E030400 0 028 E040400 783 028 F010400 3635 028 F020400 224 028 F030400 0 028 F040400 8738 028 G010400 30761 028 G020400 567 028 G030400 0 028 G040400 16921 028 H000400 0 037 000400 N PAGE 10 038 000400 0 039 000400 Y 040 000400 Y 041 000400 Y 042 A000400 0 042 B000400 0 042 C000400 100 042 D000400 0 042 E000400 0 042 F000400 0 042 G000400 0 042 H000400 0 043 000400 122 044 000400 0 049 000400 N 050 000400 N 051 000400 N 052 000400 N 053 A000400 Y 053 B000400 Y 053 C000400 N 055 A000400 N 055 B000400 Y 056 000400 Y 057 000400 N 058 A000400 N 059 000400 Y 060 A000400 Y 060 B000400 Y 061 000400 1000 062 A000400 Y 062 B000400 0.0 062 C000400 0.0 062 D000400 0.0 062 E000400 0.0 062 F000400 0.0 062 G000400 0.0 062 H000400 0.0 062 I000400 0.0 062 J000400 0.0 062 K000400 0.0 062 L000400 0.0 062 M000400 0.0 062 N000400 98.1 062 O000400 0.0 062 P000400 0.0 062 Q000400 0.0 062 R000400 4.4 063 A000400 0 063 B000400 5.4 064 A000400 N PAGE 11 064 B000400 N 070 A010400 Y 070 A020400 N 070 B010400 N 070 B020400 N 070 C010400 N 070 C020400 N 070 D010400 N 070 D020400 N 070 E010400 N 070 E020400 N 070 F010400 N 070 F020400 N 070 G010400 N 070 G020400 N 070 H010400 N 070 H020400 N 070 I010400 N 070 I020400 N 070 J010400 N 070 J020400 N 070 K010400 N 070 K020400 N 070 L010400 N 070 L020400 N 070 M010400 N 070 M020400 N 070 N010400 Y 070 N020400 N 070 O010400 Y 070 O020400 Y 070 P010400 Y 070 P020400 N 070 Q010400 N 070 Q020400 N 070 R010400 N 070 R020400 N 071 A000400 43651 071 B000400 23764 071 C000400 47633 071 D000400 50 072 A000400 12 072 B000400 1910 072 C000400 1 072 D000400 0 072 E000400 0 072 F000400 219 072 G000400 44 072 H000400 0 072 I000400 36 072 J000400 5 PAGE 12 072 K000400 0 072 L000400 0 072 M000400 21 072 N000400 19 072 O000400 0 072 P000400 0 072 Q000400 40 072 R000400 20 072 S000400 3 072 T000400 122 072 U000400 0 072 V000400 0 072 W000400 49 072 X000400 578 072 Y000400 140 072 Z000400 1473 072AA000400 251 072BB000400 0 072CC010400 1174 072CC020400 0 072DD010400 1997 072DD020400 0 072EE000400 0 073 A010400 0.4147 073 A020400 0.0000 073 B000400 0.0000 073 C000400 0.0000 074 A000400 0 074 B000400 0 074 C000400 0 074 D000400 60154 074 E000400 0 074 F000400 0 074 G000400 0 074 H000400 0 074 I000400 2732 074 J000400 25 074 K000400 0 074 L000400 270 074 M000400 20 074 N000400 63201 074 O000400 1707 074 P000400 0 074 Q000400 0 074 R010400 0 074 R020400 0 074 R030400 0 074 R040400 169 074 S000400 0 074 T000400 61325 074 U010400 6070 PAGE 13 074 U020400 0 074 V010400 10.10 074 V020400 0.00 074 W000400 0.0000 074 X000400 883 074 Y000400 0 075 A000400 0 075 B000400 48635 076 000400 0.00 SIGNATURE MICHAEL J. MCKEEN TITLE TREASURER EX-99.77B ACCT LTTR 2 item77bwrightmgdincometrust.htm item77bwrightmgdincometrust.htm
BBD
CERTIFIED PUBLIC ACCOUNTANTS

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
 
 
To the Board of Trustees of The Wright Managed Income Trust
and the Shareholders of Wright Total Return Bond Fund and Wright Current Income Fund
 
 
In planning and performing our audits of the financial statements of Wright Total Return Bond Fund and Wright Current Income Fund, each a series of beneficial interest in The Wright Managed Income Trust (the "Funds"), as of December 31, 2011 and for the year then ended, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting.  Accordingly, we express no such opinion.
 
The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America ("GAAP"). A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with GAAP, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.
 
Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.
 
A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.
 
Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).  However, we noted no deficiencies in the internal control over financial reporting and operations, including controls for safeguarding securities that we consider to be material weaknesses, as defined above, as of December 31, 2011.
 
This report is intended solely for the information and use of management, the shareholders of Wright Total Return Bond Fund and Wright Current Income Fund, the Board of Trustees of The Wright Managed Income Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
 
/s/ BBD, LLP

BBD, LLP
 
 
Philadelphia, Pennsylvania
February 17, 2012