N-Q 1 dnq.htm dnq.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-03668

THE WRIGHT MANAGED INCOME TRUST
177 West Putnam Ave.
Greenwich, Connecticut 06830


Michael J. McKeen, Principal Financial Officer
Three Canal Plaza, Suite 600
Portland, ME 04101
207-347-2000


Date of fiscal year end: December 31

Date of reporting period: July 1, 2015 – September 30, 2015
 
 
 
 
 
 

Item 1.  Schedule of Investments.
 
Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2015 (Unaudited)
 
 
Face Amount
  
Description
  
Coupon Rate
    
Maturity Date
    
Value
  
 
 
FIXED INCOME INVESTMENTS - 95.4%
 
 
AGENCY MORTGAGE-BACKED SECURITIES - 92.7%
$
200,313
  
FHLMC Gold Pool #A37619
  
4.500
%
    
09/01/35
  
 $
217,189
  
 
482,323
  
FHLMC Gold Pool #A88945
  
4.000
%
    
08/01/39
  
 
519,442
  
 
9,566
  
FHLMC Gold Pool #C00548
  
7.000
%
    
08/01/27
  
 
11,210
  
 
26,491
  
FHLMC Gold Pool #C00778
  
7.000
%
    
06/01/29
  
 
31,673
  
 
89,196
  
FHLMC Gold Pool #C91034
  
6.000
%
    
06/01/27
  
 
100,290
  
 
34,450
  
FHLMC Gold Pool #D82572
  
7.000
%
    
09/01/27
  
 
39,006
  
 
45,221
  
FHLMC Gold Pool #G04710
  
6.000
%
    
09/01/38
  
 
51,704
  
 
398,810
  
FHLMC Gold Pool #G07025
  
5.000
%
    
02/01/42
  
 
439,953
  
 
74,645
  
FHLMC Gold Pool #G08012
  
6.500
%
    
09/01/34
  
 
89,940
  
 
142,678
  
FHLMC Gold Pool #G08022
  
6.000
%
    
11/01/34
  
 
163,308
  
 
130,183
  
FHLMC Gold Pool #G08047
  
6.000
%
    
03/01/35
  
 
148,983
  
 
668,549
  
FHLMC Gold Pool #G08378
  
6.000
%
    
10/01/39
  
 
754,870
  
 
353,420
  
FHLMC Gold Pool #G30285
  
6.000
%
    
02/01/26
  
 
397,144
  
 
101,158
  
FHLMC Gold Pool #G80111
  
7.300
%
    
12/17/22
  
 
114,970
  
 
17,620
  
FHLMC Gold Pool #H09098
  
6.500
%
    
10/01/37
  
 
20,044
  
 
125,667
  
FHLMC Gold Pool #P00024
  
7.000
%
    
09/01/32
  
 
145,425
  
 
649,140
  
FHLMC Gold Pool #P50079
  
5.000
%
    
07/01/33
  
 
713,021
  
 
128,381
  
FHLMC Gold Pool #P50526
  
6.500
%
    
09/01/36
  
 
144,901
  
 
182,516
  
FHLMC Gold Pool #T30126
  
5.550
%
    
07/01/37
  
 
202,535
  
 
234,701
  
FHLMC Gold Pool #T30133
  
5.550
%
    
07/01/37
  
 
260,525
  
 
479,171
  
FHLMC Gold Pool #T60798
  
3.500
%
    
07/01/42
  
 
493,560
  
 
225,191
  
FHLMC Gold Pool #U30400
  
5.550
%
    
06/01/37
  
 
250,026
  
 
1,968,697
  
FHLMC Gold Pool #U80611
  
4.500
%
    
11/01/33
  
 
2,176,463
  
 
269,342
  
FHLMC, Series 2097, Class PZ
  
6.000
%
    
11/15/28
  
 
305,960
  
 
43,692
  
FHLMC, Series 2176, Class OJ
  
7.000
%
    
08/15/29
  
 
51,082
  
 
31,307
  
FHLMC, Series 2201, Class C
  
8.000
%
    
11/15/29
  
 
36,251
  
 
127,294
  
FHLMC, Series 2218, Class ZB
  
6.000
%
    
03/15/30
  
 
143,828
  
 
31,904
  
FHLMC, Series 2576, Class HC
  
5.500
%
    
03/15/33
  
 
35,131
  
 
101,098
  
FHLMC, Series 2802, Class OH
  
6.000
%
    
05/15/34
  
 
111,065
  
 
307,939
  
FHLMC, Series 3033, Class WY
  
5.500
%
    
09/15/35
  
 
352,972
  
 
117,923
  
FHLMC, Series 3072, Class DL
  
6.000
%
    
02/15/35
  
 
131,424
  
 
423,246
  
FHLMC, Series 3143, Class BC
  
5.500
%
    
02/15/36
  
 
476,224
  
 
60,028
  
FHLMC, Series 3255, Class QE
  
5.500
%
    
12/15/36
  
 
65,471
  
 
425,838
  
FHLMC, Series 3677, Class PB
  
4.500
%
    
05/15/40
  
 
467,500
  
 
458,790
  
FHLMC, Series 3926, Class OP
  
6.000
%
    
08/15/25
  
 
517,825
  
 
858,475
  
FHLMC, Series 3969, Class JY
  
4.500
%
    
12/15/41
  
 
983,190
  
 
1,538,846
  
FHLMC, Series 4011, Class DB
  
4.000
%
    
09/15/41
  
 
1,681,200
  
 
229,047
  
FHLMC, Series 4050, Class NK
  
4.500
%
    
09/15/41
  
 
252,906
  
 
1,000,000
  
FHLMC, Series 4299, Class JY
  
4.000
%
    
01/15/44
  
 
1,122,246
  
 
32,601
  
FHLMC-GNMA, Series 23, Class KZ
  
6.500
%
    
11/25/23
  
 
36,674
  
 
252,726
  
FNMA Pool #252034
  
7.000
%
    
09/01/28
  
 
297,379
  
 
37,711
  
FNMA Pool #252215
  
6.000
%
    
11/01/28
  
 
42,526
  
 
310,285
  
FNMA Pool #256182
  
6.000
%
    
03/01/36
  
 
348,249
  
 
38,383
  
FNMA Pool #256972
  
6.000
%
    
11/01/37
  
 
41,873
  
 
260,953
  
FNMA Pool #257138
  
5.000
%
    
03/01/38
  
 
282,028
  
 
1,313,424
  
FNMA Pool #463331
  
5.250
%
    
08/01/29
  
 
1,553,203
  
 
626,841
  
FNMA Pool #465714
  
4.680
%
    
08/01/28
  
 
736,964
  
 
237,791
  
FNMA Pool #469130
  
4.870
%
    
10/01/41
  
 
286,093
  
 
11,448
  
FNMA Pool #535131
  
6.000
%
    
03/01/29
  
 
13,032
  
 
60,848
  
FNMA Pool #594207
  
6.500
%
    
02/01/31
  
 
67,719
  
 
27,435
  
FNMA Pool #673315
  
5.500
%
    
11/01/32
  
 
30,759
  
 
200,079
  
FNMA Pool #687887
  
5.500
%
    
03/01/33
  
 
228,664
  
 
391,834
  
FNMA Pool #694795
  
5.500
%
    
04/01/33
  
 
447,871
  
 
147,755
  
FNMA Pool #724888
  
5.500
%
    
06/01/33
  
 
161,987
  
 
 
 
 
 
 
 
Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2015 (Unaudited)
 
 
Face Amount
  
Description
  
Coupon Rate
    
Maturity Date
    
Value
  
 
53,559
  
FNMA Pool #733750
  
6.310
%
    
10/01/32
  
$
61,002
  
 
167,545
  
FNMA Pool #735861
  
6.500
%
    
09/01/33
  
 
196,620
  
 
321,672
  
FNMA Pool #745318
  
5.000
%
    
12/01/34
  
 
352,949
  
 
27,344
  
FNMA Pool #745630
  
5.500
%
    
01/01/29
  
 
30,524
  
 
72,280
  
FNMA Pool #801357
  
5.500
%
    
08/01/34
  
 
81,433
  
 
227,347
  
FNMA Pool #801506
  
4.750
%
    
09/01/34
  
 
248,322
  
 
102,381
  
FNMA Pool #813839
  
6.000
%
    
11/01/34
  
 
112,933
  
 
384,913
  
FNMA Pool #819457
  
4.750
%
    
02/01/35
  
 
421,877
  
 
1,674,204
  
FNMA Pool #821082
  
6.000
%
    
03/01/35
  
 
1,898,049
  
 
239,403
  
FNMA Pool #831927
  
6.000
%
    
12/01/36
  
 
272,437
  
 
806,447
  
FNMA Pool #846323
  
4.250
%
    
11/01/35
  
 
871,351
  
 
588,533
  
FNMA Pool #851762
  
4.250
%
    
01/01/36
  
 
634,312
  
 
76,653
  
FNMA Pool #871394
  
7.000
%
    
04/01/21
  
 
82,079
  
 
521,376
  
FNMA Pool #883281
  
7.000
%
    
07/01/36
  
 
607,868
  
 
34,084
  
FNMA Pool #888367
  
7.000
%
    
03/01/37
  
 
40,508
  
 
67,119
  
FNMA Pool #888534
  
5.000
%
    
08/01/37
  
 
72,625
  
 
925,796
  
FNMA Pool #891367
  
4.750
%
    
04/01/36
  
 
1,014,099
  
 
150,444
  
FNMA Pool #908160
  
5.500
%
    
12/01/36
  
 
163,430
  
 
195,361
  
FNMA Pool #930504
  
5.000
%
    
02/01/39
  
 
213,862
  
 
61,186
  
FNMA Pool #930664
  
6.500
%
    
03/01/39
  
 
71,036
  
 
565,897
  
FNMA Pool #940441
  
5.780
%
    
03/01/37
  
 
641,774
  
 
210,798
  
FNMA Pool #954633
  
5.500
%
    
02/01/37
  
 
226,061
  
 
30,145
  
FNMA Pool #954957
  
6.000
%
    
10/01/37
  
 
32,965
  
 
196,610
  
FNMA Pool #995656
  
7.000
%
    
06/01/33
  
 
234,645
  
 
77,941
  
FNMA Pool #AD0756
  
6.500
%
    
11/01/28
  
 
89,092
  
 
545,761
  
FNMA Pool #AM3191
  
3.380
%
    
05/01/28
  
 
572,889
  
 
221,233
  
FNMA Pool #AM4671
  
5.320
%
    
10/01/43
  
 
268,179
  
 
826,661
  
FNMA Pool #AM5015
  
4.940
%
    
12/01/43
  
 
1,010,714
  
 
180,643
  
FNMA Whole Loan, Series 2003-W17, Class 1A7
  
5.750
%
    
08/25/33
  
 
206,731
  
 
3,356
  
FNMA Whole Loan, Series 2003-W18, Class 1A6
  
5.370
%
    
08/25/43
  
 
3,355
  
 
271,911
  
FNMA Whole Loan, Series 2004-W11, Class 1A1
  
6.000
%
    
05/25/44
  
 
321,363
  
 
169,307
  
FNMA, Series 2001-52, Class XZ
  
6.500
%
    
10/25/31
  
 
199,198
  
 
63,000
  
FNMA, Series 2003-30, Class JQ
  
5.500
%
    
04/25/33
  
 
69,804
  
 
325,221
  
FNMA, Series 2003-32, Class BZ
  
6.000
%
    
11/25/32
  
 
375,039
  
 
195,248
  
FNMA, Series 2004-17, Class H
  
5.500
%
    
04/25/34
  
 
217,888
  
 
278,317
  
FNMA, Series 2004-25, Class LC
  
5.500
%
    
04/25/34
  
 
312,164
  
 
249,997
  
FNMA, Series 2004-25, Class UC
  
5.500
%
    
04/25/34
  
 
276,775
  
 
115,560
  
FNMA, Series 2005-106, Class UK
  
5.500
%
    
12/25/35
  
 
122,390
  
 
172,000
  
FNMA, Series 2005-120, Class PB
  
6.000
%
    
01/25/36
  
 
207,795
  
 
151,309
  
FNMA, Series 2005-58, Class BC
  
5.500
%
    
07/25/25
  
 
167,210
  
 
854,151
  
FNMA, Series 2006-24, Class Z
  
5.500
%
    
04/25/36
  
 
962,329
  
 
788,000
  
FNMA, Series 2006-74, Class PD
  
6.500
%
    
08/25/36
  
 
908,690
  
 
261,583
  
FNMA, Series 2007-76, Class PE
  
6.000
%
    
08/25/37
  
 
291,696
  
 
800,000
  
FNMA, Series 2007-81, Class GE
  
6.000
%
    
08/25/37
  
 
910,614
  
 
686,605
  
FNMA, Series 2008-60, Class JC
  
5.000
%
    
07/25/38
  
 
759,149
  
 
150,000
  
FNMA, Series 2009-50, Class AX
  
5.000
%
    
07/25/39
  
 
178,147
  
 
318,000
  
FNMA, Series 2010-68, Class GE
  
4.500
%
    
07/25/40
  
 
325,842
  
 
170,277
  
FNMA, Series 2012-51, Class B
  
7.000
%
    
05/25/42
  
 
198,234
  
 
704,762
  
FNMA, Series 2013-17, Class YM
  
4.000
%
    
03/25/33
  
 
768,508
  
 
112,028
  
FNMA, Series G93-5, Class Z
  
6.500
%
    
02/25/23
  
 
125,288
  
 
21,920
  
GNMA I Pool #471369
  
5.500
%
    
05/15/33
  
 
24,589
  
 
83,344
  
GNMA I Pool #487108
  
6.000
%
    
04/15/29
  
 
96,393
  
 
69,974
  
GNMA I Pool #509930
  
5.500
%
    
06/15/29
  
 
78,344
  
 
79,969
  
GNMA I Pool #509965
  
5.500
%
    
06/15/29
  
 
89,532
  
 
27,451
  
GNMA I Pool #595606
  
6.000
%
    
11/15/32
  
 
30,862
  
 
1,967
  
GNMA I Pool #602377
  
4.500
%
    
06/15/18
  
 
2,055
  
 
1,058
  
GNMA I Pool #603377
  
4.500
%
    
01/15/18
  
 
1,105
  
 
 
 
 
 
 
 
 
 
 
 
 
Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2015 (Unaudited)
 
                         
 
Face Amount
  
Description
  
Coupon Rate
    
Maturity Date
    
Value
  
 
218,065
  
GNMA I Pool #615272
  
4.500
%
    
07/15/33
  
$
241,333
  
 
64,992
  
GNMA I Pool #615403
  
4.500
%
    
08/15/33
  
 
71,596
  
 
29,346
  
GNMA I Pool #616829
  
5.500
%
    
01/15/25
  
 
32,863
  
 
47,721
  
GNMA I Pool #623190
  
6.000
%
    
12/15/23
  
 
53,650
  
 
136,416
  
GNMA I Pool #626755
  
5.000
%
    
03/15/35
  
 
152,713
  
 
43,738
  
GNMA I Pool #640940
  
5.500
%
    
05/15/35
  
 
50,101
  
 
203,109
  
GNMA I Pool #644970
  
5.000
%
    
06/15/35
  
 
227,507
  
 
108,188
  
GNMA I Pool #647406
  
5.000
%
    
09/15/35
  
 
121,375
  
 
157,714
  
GNMA I Pool #650493
  
5.000
%
    
01/15/36
  
 
176,891
  
 
151,542
  
GNMA I Pool #675477
  
5.000
%
    
06/15/38
  
 
167,471
  
 
26,715
  
GNMA I Pool #677162
  
5.500
%
    
08/15/23
  
 
29,116
  
 
375,003
  
GNMA I Pool #678649
  
4.000
%
    
12/15/39
  
 
405,771
  
 
181,654
  
GNMA I Pool #697999
  
4.500
%
    
02/15/24
  
 
192,353
  
 
465,427
  
GNMA I Pool #711286
  
6.500
%
    
10/15/32
  
 
534,201
  
 
600,185
  
GNMA I Pool #737844
  
3.500
%
    
01/15/26
  
 
637,503
  
 
154,464
  
GNMA I Pool #760369
  
5.000
%
    
08/15/41
  
 
170,017
  
 
129,385
  
GNMA I Pool #782771
  
4.500
%
    
09/15/24
  
 
138,917
  
 
814,310
  
GNMA II Pool #003066
  
5.500
%
    
04/20/31
  
 
915,684
  
 
39,891
  
GNMA II Pool #003284
  
5.500
%
    
09/20/32
  
 
44,935
  
 
75,890
  
GNMA II Pool #003346
  
5.500
%
    
02/20/33
  
 
85,732
  
 
24,971
  
GNMA II Pool #003401
  
4.500
%
    
06/20/33
  
 
27,092
  
 
180,381
  
GNMA II Pool #003403
  
5.500
%
    
06/20/33
  
 
203,787
  
 
43,139
  
GNMA II Pool #003554
  
4.500
%
    
05/20/34
  
 
46,763
  
 
102,141
  
GNMA II Pool #003689
  
4.500
%
    
03/20/35
  
 
110,775
  
 
15,598
  
GNMA II Pool #004284
  
5.500
%
    
11/20/38
  
 
16,685
  
 
167,015
  
GNMA II Pool #004291
  
6.000
%
    
11/20/38
  
 
189,362
  
 
117,558
  
GNMA II Pool #004412
  
5.000
%
    
04/20/39
  
 
124,050
  
 
220,762
  
GNMA II Pool #004561
  
6.000
%
    
10/20/39
  
 
250,361
  
 
148,255
  
GNMA II Pool #004702
  
3.500
%
    
06/20/25
  
 
155,987
  
 
165,426
  
GNMA II Pool #004753
  
8.000
%
    
08/20/30
  
 
182,488
  
 
703,844
  
GNMA II Pool #004838
  
6.500
%
    
10/20/40
  
 
806,473
  
 
376,473
  
GNMA II Pool #3638
  
6.000
%
    
11/20/34
  
 
430,134
  
 
375,812
  
GNMA II Pool #3909
  
5.500
%
    
10/20/36
  
 
419,798
  
 
1,163,624
  
GNMA II Pool #442324
  
4.500
%
    
08/20/41
  
 
1,259,708
  
 
85,457
  
GNMA II Pool #575787
  
5.760
%
    
03/20/33
  
 
95,320
  
 
140,428
  
GNMA II Pool #610116
  
5.760
%
    
04/20/33
  
 
156,599
  
 
61,821
  
GNMA II Pool #610143
  
5.760
%
    
06/20/33
  
 
68,938
  
 
202,620
  
GNMA II Pool #648541
  
6.000
%
    
10/20/35
  
 
220,601
  
 
87,838
  
GNMA II Pool #748939
  
4.000
%
    
09/20/40
  
 
94,629
  
 
752,516
  
GNMA II Pool #781642
  
5.500
%
    
08/20/33
  
 
850,093
  
 
205,952
  
GNMA II Pool #MA2295
  
4.500
%
    
10/20/44
  
 
213,325
  
 
1,753,168
  
GNMA II Pool #MA2681
  
5.000
%
    
03/20/45
  
 
1,915,760
  
 
532,411
  
GNMA Pool #752112
  
3.500
%
    
01/15/33
  
 
564,339
  
 
197,223
  
GNMA, Series 2002-33, Class ZD
  
6.000
%
    
05/16/32
  
 
223,642
  
 
64,833
  
GNMA, Series 2002-45, Class QE
  
6.500
%
    
06/20/32
  
 
75,504
  
 
56,849
  
GNMA, Series 2002-7, Class PG
  
6.500
%
    
01/20/32
  
 
67,095
  
 
145,122
  
GNMA, Series 2003-103, Class PC
  
5.500
%
    
11/20/33
  
 
164,030
  
 
106,222
  
GNMA, Series 2003-26, Class MA
  
5.500
%
    
03/20/33
  
 
114,734
  
 
154,000
  
GNMA, Series 2003-46, Class HA
  
4.500
%
    
06/20/33
  
 
168,706
  
 
179,000
  
GNMA, Series 2003-46, Class MA
  
5.000
%
    
05/20/33
  
 
191,847
  
 
458,432
  
GNMA, Series 2003-46, Class ND
  
5.000
%
    
06/20/33
  
 
504,945
  
 
408,349
  
GNMA, Series 2003-57, Class C
  
4.500
%
    
04/20/33
  
 
455,345
  
 
111,000
  
GNMA, Series 2003-84, Class PC
  
5.500
%
    
10/20/33
  
 
124,793
  
 
49,914
  
GNMA, Series 2004-16, Class GB
  
5.500
%
    
06/20/33
  
 
51,873
  
 
211,000
  
GNMA, Series 2005-13, Class BE
  
5.000
%
    
09/20/34
  
 
229,574
  
 
724,548
  
GNMA, Series 2005-17, Class GE
  
5.000
%
    
02/20/35
  
 
817,783
  
 
 
 
 
 
 
 
Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2015 (Unaudited)
 
 
Face Amount
  
Description
  
Coupon Rate
    
Maturity Date
    
Value
  
 
266,719
  
GNMA, Series 2005-49, Class B
  
5.500
%
    
06/20/35
  
 $
299,959
  
 
217,109
  
GNMA, Series 2005-51, Class DC
  
5.000
%
    
07/20/35
  
 
240,837
  
 
77,703
  
GNMA, Series 2005-93, Class BH
  
5.500
%
    
06/20/35
    
88,316
  
 
43,427
  
GNMA, Series 2007-18, Class B
  
5.500
%
    
05/20/35
  
 
49,899
  
 
1,135,722
  
GNMA, Series 2007-6, Class LE
  
5.500
%
    
02/20/37
  
 
1,272,122
  
 
115,099
  
GNMA, Series 2007-68, Class NA
  
5.000
%
    
11/20/37
  
 
127,614
  
 
68,135
  
GNMA, Series 2007-70, Class PE
  
5.500
%
    
11/20/37
  
 
75,825
  
 
240,000
  
GNMA, Series 2008-26, Class JP
  
5.250
%
    
03/20/38
  
 
272,333
  
 
300,000
  
GNMA, Series 2008-35, Class EH
  
5.500
%
    
03/20/38
  
 
338,133
  
 
314,000
  
GNMA, Series 2008-65, Class CM
  
5.000
%
    
08/20/38
  
 
354,025
  
 
1,341,000
  
GNMA, Series 2008-65, Class PG
  
6.000
%
    
08/20/38
  
 
1,553,815
  
 
157,000
  
GNMA, Series 2009-47, Class LT
  
5.000
%
    
06/20/39
  
 
181,284
  
 
592,652
  
GNMA, Series 2009-57, Class VB
  
5.000
%
    
06/16/39
  
 
687,557
  
 
703,805
  
GNMA, Series 2009-93, Class AY
  
5.000
%
    
10/20/39
  
 
781,535
  
 
2,000,000
  
GNMA, Series 2010-116, Class PB
  
5.000
%
    
06/16/40
  
 
2,389,828
  
 
535,384
  
GNMA, Series 61, Class ZQ
  
6.000
%
    
08/16/39
  
 
710,526
  
 



Total Agency Mortgage-Backed Securities (identified cost, $61,593,221)
  
$
63,016,477
  




 
OTHER U.S. GOVERNMENT GUARANTEED - 2.7%

 
INDUSTRIALS - 2.7%
$
1,536,000
  
Vessel Management Services, Inc.
  
5.125
%
    
04/16/35
  
 $
1,805,153
  

Total OTHER U.S. GOVERNMENT GUARANTEED (identified cost, $1,764,553)
  
$
1,805,153
  




TOTAL FIXED INCOME INVESTMENTS (identified cost, $63,357,774) — 95.4%
  
$
64,821,630
  

 
SHORT-TERM INVESTMENTS - 4.5%

$
3,059,113
  
Fidelity Government Money Market Fund, 0.01% (1)
              
 $
3,059,113
  



TOTAL SHORT-TERM INVESTMENTS (identified cost, $3,059,113) — 4.5%
  
$
3,059,113
  

TOTAL INVESTMENTS (identified cost, $66,416,887) — 99.9%
  
$
67,880,743
  

OTHER ASSETS, IN EXCESS OF LIABILITIES — 0.1%
    
82,741
  

NET ASSETS — 100.0%
  
$
67,963,484
  

FHLMC — Federal Home Loan Mortgage Corporation
FNMA — Federal National Mortgage Association
GNMA — Government National Mortgage Association
 
(1)
Variable rate security. Rate presented is as of September 30, 2015.
 
 
*  Cost for federal income tax purposes is substantially the same as for financial statement purposes and net unrealized appreciation consists of:
 
Gross Unrealized Appreciation
  
$
1,790,961
  
Gross Unrealized Depreciation
    
(327,105
)
Net Unrealized Appreciation
  
$
1,463,856
  

 
 
The Fund has a three-tier fair value hierarchy. The basis of the tiers is dependent upon the various “inputs” used to determine the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below:
 
Level 1 – quoted prices in active markets for identical assets
 
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
 
Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
 
The following is a summary of the inputs used to value the Fund’s investments as of September 30, 2015.
 
 
 
 
 
Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2015 (Unaudited)
 
 
Quoted Prices in Active markets for Identical Assets (Level 1)
  
Significant Other Observable Inputs (Level 2)
  
Significant Unobservable Inpust (Level 3)
  
Total
Agency Mortgage-Backed Securities
  
$
-
    
$
63,016,477
    
$
-
    
$
63,016,477
  
Other U.S. Government Guaranteed
    
-
      
1,805,153
      
-
      
1,805,153
  
Short-Term Investments
    
-
      
3,059,113
      
-
      
3,059,113
  
Total Investments
  
$
-
    
$
67,880,743
    
$
-
    
$
67,880,743
  
 
The level classification by major category of investments is the same as the category presentation in the Fund’s Portfolio of Investments.
 
The Fund utilizes the end of period methodology when determining transfers. There were no transfers among Level 1, Level 2 and Level 3 for the period ended September 30, 2015.
 
THE PORTFOLIO OF INVESTMENTS SHOULD BE READ IN CONJUNCTION WITH THE FINANCIAL STATEMENTS AND NOTES TO FINANCIAL STATEMENTS WHICH ARE INCLUDED IN THE FUND’S AUDITED ANNUAL REPORT OR SEMI-ANNUAL REPORT. THESE REPORTS INCLUDE ADDITIONAL INFORMATION ABOUT THE FUND’S SECURITY VALUATION POLICIES AND ABOUT CERTAIN SECURITY TYPES INVESTED BY THE FUND.
 
 
 
 
 
 
 
 
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 has been recorded, processed, summarized and reporting 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 significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

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 Current Income Fund)


By:          /s/ Peter M. Donovan
Peter M. Donovan
President; Principal Executive Officer

Date:           November 3, 2015

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/ Peter M. Donovan
Peter M. Donovan
President; Principal Executive Officer

Date:           November 3, 2015


By:           /s/ Michael J. McKeen
Michael J. McKeen
Treasurer; Principal Financial Officer

Date:           November 3, 2015