0001435109-16-002181.txt : 20161108 0001435109-16-002181.hdr.sgml : 20161108 20161108134137 ACCESSION NUMBER: 0001435109-16-002181 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161108 DATE AS OF CHANGE: 20161108 EFFECTIVENESS DATE: 20161108 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: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03668 FILM NUMBER: 161980704 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 S000009582 Wright Current Income Fund C000026174 Wright Current Income Fund WCIFX N-Q 1 wrightmanagedincomenq.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, 2016 – September 30, 2016
 

Item 1.  Schedule of Investments.
 
Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2016 (Unaudited)
 
AFA
 
Face Amount
  
Description
  
Coupon Rate
    
Maturity Date
    
Value
  

FIXED INCOME INVESTMENTS - 95.8%
AGENCY MORTGAGE-BACKED SECURITIES - 93.3%
$
143,008
  
FHLMC Gold Pool #A37619
  
4.500
%
    
09/01/35
  
 $
156,578
  
 
229,514
  
FHLMC Gold Pool #A39555
  
5.500
%
    
11/01/35
    
262,794
  
 
431,074
  
FHLMC Gold Pool #A88945
  
4.000
%
    
08/01/39
    
469,691
  
 
20,459
  
FHLMC Gold Pool #C00778
  
7.000
%
    
06/01/29
    
23,303
  
 
295,363
  
FHLMC Gold Pool #C03552
  
4.500
%
    
08/01/40
    
328,636
  
 
620,322
  
FHLMC Gold Pool #G05457
  
4.500
%
    
05/01/39
    
685,301
  
 
324,822
  
FHLMC Gold Pool #G07025
  
5.000
%
    
02/01/42
    
361,615
  
 
116,034
  
FHLMC Gold Pool #G08022
  
6.000
%
    
11/01/34
    
134,664
  
 
107,671
  
FHLMC Gold Pool #G08047
  
6.000
%
    
03/01/35
    
124,962
  
 
584,781
  
FHLMC Gold Pool #G08378
  
6.000
%
    
10/01/39
    
668,551
  
 
313,359
  
FHLMC Gold Pool #G30285
  
6.000
%
    
02/01/26
    
357,671
  
 
76,488
  
FHLMC Gold Pool #G80111
  
7.300
%
    
12/17/22
    
83,555
  
 
11,997
  
FHLMC Gold Pool #H09098
  
6.500
%
    
10/01/37
    
13,437
  
 
107,430
  
FHLMC Gold Pool #P00024
  
7.000
%
    
09/01/32
    
122,917
  
 
577,919
  
FHLMC Gold Pool #P50079
  
5.000
%
    
07/01/33
    
632,861
  
 
178,328
  
FHLMC Gold Pool #T30126
  
5.550
%
    
07/01/37
    
200,328
  
 
226,799
  
FHLMC Gold Pool #T30133
  
5.550
%
    
07/01/37
    
254,907
  
 
397,599
  
FHLMC Gold Pool #T60798
  
3.500
%
    
07/01/42
    
413,348
  
 
196,183
  
FHLMC Gold Pool #U30400
  
5.550
%
    
06/01/37
    
220,348
  
 
1,610,732
  
FHLMC Gold Pool #U80611
  
4.500
%
    
11/01/33
    
1,798,535
  
 
225,745
  
FHLMC, Series 2097, Class PZ
  
6.000
%
    
11/15/28
    
260,746
  
 
37,419
  
FHLMC, Series 2176, Class OJ
  
7.000
%
    
08/15/29
    
43,548
  
 
25,740
  
FHLMC, Series 2201, Class C
  
8.000
%
    
11/15/29
    
29,596
  
 
105,266
  
FHLMC, Series 2218, Class ZB
  
6.000
%
    
03/15/30
    
120,901
  
 
25,856
  
FHLMC, Series 2576, Class HC
  
5.500
%
    
03/15/33
    
28,605
  
 
77,336
  
FHLMC, Series 2802, Class OH
  
6.000
%
    
05/15/34
    
84,588
  
 
266,227
  
FHLMC, Series 3033, Class WY
  
5.500
%
    
09/15/35
    
303,919
  
 
94,760
  
FHLMC, Series 3072, Class DL
  
6.000
%
    
02/15/35
    
105,609
  
 
325,015
  
FHLMC, Series 3143, Class BC
  
5.500
%
    
02/15/36
    
364,781
  
 
47,541
  
FHLMC, Series 3255, Class QE
  
5.500
%
    
12/15/36
    
54,841
  
 
319,046
  
FHLMC, Series 3677, Class PB
  
4.500
%
    
05/15/40
    
346,594
  
 
458,790
  
FHLMC, Series 3926, Class OP
  
6.000
%
    
08/15/25
    
501,576
  
 
858,475
  
FHLMC, Series 3969, Class JY
  
4.500
%
    
12/15/41
    
1,031,784
  
 
172,408
  
FHLMC, Series 4050, Class NK
  
4.500
%
    
09/15/41
    
191,697
  
 
1,000,000
  
FHLMC, Series 4299, Class JY
  
4.000
%
    
01/15/44
    
1,171,351
  
 
26,286
  
FHLMC-GNMA, Series 23, Class KZ
  
6.500
%
    
11/25/23
    
29,325
  
 
216,186
  
FNMA Pool #252034
  
7.000
%
    
09/01/28
    
249,715
  
 
22,802
  
FNMA Pool #252215
  
6.000
%
    
11/01/28
    
26,103
  
 
225,453
  
FNMA Pool #256182
  
6.000
%
    
03/01/36
    
252,676
  
 
25,424
  
FNMA Pool #256972
  
6.000
%
    
11/01/37
    
27,317
  
 
135,730
  
FNMA Pool #257138
  
5.000
%
    
03/01/38
    
144,265
  
 
1,254,924
  
FNMA Pool #463331
  
5.250
%
    
08/01/29
    
1,497,438
  
 
609,901
  
FNMA Pool #465714
  
4.680
%
    
08/01/28
    
706,875
  
 
234,204
  
FNMA Pool #469130
  
4.870
%
    
10/01/41
    
268,300
  
 
47,900
  
FNMA Pool #594207
  
6.500
%
    
02/01/31
    
53,622
  
 
178,160
  
FNMA Pool #687887
  
5.500
%
    
03/01/33
    
206,116
  
 
319,839
  
FNMA Pool #694795
  
5.500
%
    
04/01/33
    
370,704
  
 
112,839
  
FNMA Pool #724888
  
5.500
%
    
06/01/33
    
124,739
  
 
136,086
  
FNMA Pool #735861
  
6.500
%
    
09/01/33
    
156,442
  
 
242,503
  
FNMA Pool #745318
  
5.000
%
    
12/01/34
    
268,152
  
 
178,782
  
FNMA Pool #801506
  
4.750
%
    
09/01/34
    
196,962
  
 
22,329
  
FNMA Pool #809042
  
5.500
%
    
10/01/34
    
25,700
  
 
94,784
  
FNMA Pool #813839
  
6.000
%
    
11/01/34
    
106,862
  
 
45,795
  
FNMA Pool #819230
  
5.350
%
    
02/01/35
    
52,337
  
 
 
 
Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2016 (Unaudited)
 
AFA
 
Face Amount
  
Description
  
Coupon Rate
    
Maturity Date
    
Value
  
 
372,987
  
FNMA Pool #819457
  
4.750
%
    
02/01/35
  
$
412,343
  
 
1,181,989
  
FNMA Pool #821082
  
6.000
%
    
03/01/35
    
1,320,418
  
 
198,540
  
FNMA Pool #831927
  
6.000
%
    
12/01/36
    
230,738
  
 
92,579
  
FNMA Pool #833303
  
5.150
%
    
05/01/35
    
106,241
  
 
670,585
  
FNMA Pool #846323
  
4.250
%
    
11/01/35
    
732,120
  
 
465,024
  
FNMA Pool #851762
  
4.250
%
    
01/01/36
    
504,383
  
 
240,485
  
FNMA Pool #852504
  
5.350
%
    
09/01/35
    
273,722
  
 
28,217
  
FNMA Pool #878502
  
5.350
%
    
12/01/35
    
32,244
  
 
33,584
  
FNMA Pool #879901
  
5.500
%
    
01/01/36
    
38,655
  
 
477,667
  
FNMA Pool #883281
  
7.000
%
    
07/01/36
    
596,718
  
 
50,022
  
FNMA Pool #888534
  
5.000
%
    
08/01/37
    
54,508
  
 
541,600
  
FNMA Pool #891367
  
4.750
%
    
04/01/36
    
596,468
  
 
159,322
  
FNMA Pool #895567
  
5.450
%
    
04/01/36
    
183,347
  
 
587,244
  
FNMA Pool #896838
  
5.450
%
    
07/01/36
    
667,503
  
 
96,615
  
FNMA Pool #908160
  
5.500
%
    
12/01/36
    
104,253
  
 
134,356
  
FNMA Pool #930504
  
5.000
%
    
02/01/39
    
147,275
  
 
49,232
  
FNMA Pool #930664
  
6.500
%
    
03/01/39
    
57,837
  
 
413,056
  
FNMA Pool #940441
  
5.780
%
    
03/01/37
    
471,835
  
 
172,511
  
FNMA Pool #954633
  
5.500
%
    
02/01/37
    
195,371
  
 
20,702
  
FNMA Pool #954957
  
6.000
%
    
10/01/37
    
22,485
  
 
159,387
  
FNMA Pool #995656
  
7.000
%
    
06/01/33
    
190,993
  
 
314,265
  
FNMA Pool #AC5445
  
5.000
%
    
11/01/39
    
354,456
  
 
418,663
  
FNMA Pool #AC9581
  
5.500
%
    
01/01/40
    
478,906
  
 
1,349,570
  
FNMA Pool #AL1949
  
4.000
%
    
06/01/42
    
1,462,539
  
 
241,947
  
FNMA Pool #AL6860
  
4.500
%
    
03/01/44
    
271,424
  
 
532,250
  
FNMA Pool #AM3191
  
3.380
%
    
05/01/28
    
575,836
  
 
219,080
  
FNMA Pool #AM4671
  
5.320
%
    
10/01/43
    
289,669
  
 
816,900
  
FNMA Pool #AM5015
  
4.940
%
    
12/01/43
    
1,032,278
  
 
177,653
  
FNMA Pool #AS5235
  
3.500
%
    
06/01/45
    
188,430
  
 
1,524,357
  
FNMA Pool #MA1757
  
4.500
%
    
01/01/44
    
1,700,699
  
 
159,206
  
FNMA Whole Loan, Series 2003-W17, Class 1A7
  
5.750
%
    
08/25/33
    
181,579
  
 
246,687
  
FNMA Whole Loan, Series 2004-W11, Class 1A1
  
6.000
%
    
05/25/44
    
293,717
  
 
136,579
  
FNMA, Series 2001-52, Class XZ
  
6.500
%
    
10/25/31
    
159,980
  
 
48,705
  
FNMA, Series 2003-30, Class JQ
  
5.500
%
    
04/25/33
    
54,048
  
 
258,087
  
FNMA, Series 2003-32, Class BZ
  
6.000
%
    
11/25/32
    
296,889
  
 
169,927
  
FNMA, Series 2004-17, Class H
  
5.500
%
    
04/25/34
    
191,051
  
 
297,778
  
FNMA, Series 2004-18, Class EZ
  
6.000
%
    
04/25/34
    
340,490
  
 
104,770
  
FNMA, Series 2005-106, Class UK
  
5.500
%
    
12/25/35
    
112,139
  
 
172,000
  
FNMA, Series 2005-120, Class PB
  
6.000
%
    
01/25/36
    
209,082
  
 
120,235
  
FNMA, Series 2005-58, Class BC
  
5.500
%
    
07/25/25
    
133,913
  
 
688,679
  
FNMA, Series 2006-24, Class Z
  
5.500
%
    
04/25/36
    
784,257
  
 
701,406
  
FNMA, Series 2006-74, Class PD
  
6.500
%
    
08/25/36
    
816,598
  
 
218,031
  
FNMA, Series 2007-71, Class GB
  
6.000
%
    
07/25/37
    
251,369
  
 
202,598
  
FNMA, Series 2007-76, Class PE
  
6.000
%
    
08/25/37
    
226,966
  
 
540,384
  
FNMA, Series 2007-81, Class GE
  
6.000
%
    
08/25/37
    
593,181
  
 
522,543
  
FNMA, Series 2008-60, Class JC
  
5.000
%
    
07/25/38
    
580,026
  
 
150,000
  
FNMA, Series 2009-50, Class AX
  
5.000
%
    
07/25/39
    
184,382
  
 
290,000
  
FNMA, Series 2010-136, Class CY
  
4.000
%
    
12/25/40
    
319,883
  
 
126,178
  
FNMA, Series 2012-51, Class B
  
7.000
%
    
05/25/42
    
147,421
  
 
630,585
  
FNMA, Series 2013-17, Class YM
  
4.000
%
    
03/25/33
    
694,986
  
 
88,778
  
FNMA, Series G93-5, Class Z
  
6.500
%
    
02/25/23
    
98,294
  
 
1,179
  
GNMA I Pool #602377
  
4.500
%
    
06/15/18
    
1,201
  
 
602
  
GNMA I Pool #603377
  
4.500
%
    
01/15/18
    
613
  
 
178,637
  
GNMA I Pool #615272
  
4.500
%
    
07/15/33
    
202,115
  
 
112,737
  
GNMA I Pool #626755
  
5.000
%
    
03/15/35
    
126,608
  
 
176,372
  
GNMA I Pool #644970
  
5.000
%
    
06/15/35
    
198,576
  
 
 
 
Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2016 (Unaudited)
 
 
Face
Amount
  
Description
  
Coupon Rate
    
Maturity Date
    
Value
  
 
104,369
  
GNMA I Pool #647406
  
5.000
%
    
09/15/35
  
$
117,546
  
 
116,452
  
GNMA I Pool #650493
  
5.000
%
    
01/15/36
    
131,145
  
 
112,416
  
GNMA I Pool #675477
  
5.000
%
    
06/15/38
    
126,044
  
 
349,216
  
GNMA I Pool #678649
  
4.000
%
    
12/15/39
    
383,988
  
 
148,412
  
GNMA I Pool #697999
  
4.500
%
    
02/15/24
    
159,701
  
 
328,797
  
GNMA I Pool #711286
  
6.500
%
    
10/15/32
    
379,506
  
 
460,837
  
GNMA I Pool #737844
  
3.500
%
    
01/15/26
    
487,698
  
 
1,036,891
  
GNMA I Pool #745301
  
4.500
%
    
08/15/30
    
1,111,160
  
 
509,830
  
GNMA I Pool #752112
  
3.500
%
    
01/15/33
    
548,591
  
 
244,991
  
GNMA I Pool #781341
  
6.000
%
    
10/15/31
    
287,176
  
 
432,293
  
GNMA I Pool #781886
  
5.500
%
    
03/15/35
    
494,407
  
 
98,948
  
GNMA I Pool #782771
  
4.500
%
    
09/15/24
    
106,600
  
 
765,993
  
GNMA II Pool #003066
  
5.500
%
    
04/20/31
    
863,789
  
 
31,063
  
GNMA II Pool #003284
  
5.500
%
    
09/20/32
    
35,036
  
 
150,049
  
GNMA II Pool #003403
  
5.500
%
    
06/20/33
    
170,451
  
 
305,456
  
GNMA II Pool #003638
  
6.000
%
    
11/20/34
    
359,771
  
 
82,710
  
GNMA II Pool #003689
  
4.500
%
    
03/20/35
    
89,956
  
 
307,491
  
GNMA II Pool #003909
  
5.500
%
    
10/20/36
    
344,079
  
 
10,293
  
GNMA II Pool #004284
  
5.500
%
    
11/20/38
    
10,967
  
 
122,892
  
GNMA II Pool #004291
  
6.000
%
    
11/20/38
    
140,832
  
 
35,113
  
GNMA II Pool #004412
  
5.000
%
    
04/20/39
    
37,064
  
 
174,491
  
GNMA II Pool #004561
  
6.000
%
    
10/20/39
    
202,510
  
 
129,509
  
GNMA II Pool #004702
  
3.500
%
    
06/20/25
    
136,030
  
 
149,666
  
GNMA II Pool #004753
  
8.000
%
    
08/20/30
    
169,539
  
 
558,749
  
GNMA II Pool #004838
  
6.500
%
    
10/20/40
    
675,179
  
 
955,425
  
GNMA II Pool #004879
  
4.000
%
    
12/20/40
    
1,006,806
  
 
1,135,508
  
GNMA II Pool #442324
  
4.500
%
    
08/20/41
    
1,235,680
  
 
135,357
  
GNMA II Pool #610116
  
5.760
%
    
04/20/33
    
151,356
  
 
197,336
  
GNMA II Pool #648541
  
6.000
%
    
10/20/35
    
211,186
  
 
622,136
  
GNMA II Pool #781642
  
5.500
%
    
08/20/33
    
715,430
  
 
539,368
  
GNMA II Pool #AG0467
  
4.000
%
    
04/20/44
    
578,383
  
 
132,477
  
GNMA II Pool #MA2295
  
4.500
%
    
10/20/44
    
138,432
  
 
160,530
  
GNMA, Series 2002-33, Class ZD
  
6.000
%
    
05/16/32
    
184,732
  
 
53,691
  
GNMA, Series 2002-45, Class QE
  
6.500
%
    
06/20/32
    
63,620
  
 
48,571
  
GNMA, Series 2002-7, Class PG
  
6.500
%
    
01/20/32
    
57,669
  
 
118,279
  
GNMA, Series 2003-103, Class PC
  
5.500
%
    
11/20/33
    
134,573
  
 
78,192
  
GNMA, Series 2003-26, Class MA
  
5.500
%
    
03/20/33
    
83,359
  
 
154,000
  
GNMA, Series 2003-46, Class HA
  
4.500
%
    
06/20/33
    
170,196
  
 
179,000
  
GNMA, Series 2003-46, Class MA
  
5.000
%
    
05/20/33
    
185,792
  
 
375,719
  
GNMA, Series 2003-46, Class ND
  
5.000
%
    
06/20/33
    
436,538
  
 
322,421
  
GNMA, Series 2003-57, Class C
  
4.500
%
    
04/20/33
    
358,437
  
 
105,100
  
GNMA, Series 2003-84, Class PC
  
5.500
%
    
10/20/33
    
118,141
  
 
24,617
  
GNMA, Series 2004-16, Class GB
  
5.500
%
    
06/20/33
    
25,191
  
 
211,000
  
GNMA, Series 2005-13, Class BE
  
5.000
%
    
09/20/34
    
223,133
  
 
622,484
  
GNMA, Series 2005-17, Class GE
  
5.000
%
    
02/20/35
    
706,073
  
 
208,208
  
GNMA, Series 2005-49, Class B
  
5.500
%
    
06/20/35
    
233,872
  
 
173,442
  
GNMA, Series 2005-51, Class DC
  
5.000
%
    
07/20/35
    
193,368
  
 
62,216
  
GNMA, Series 2005-93, Class BH
  
5.500
%
    
06/20/35
    
70,758
  
 
1,018,497
  
GNMA, Series 2007-14, Class PB
  
5.400
%
    
03/20/37
    
1,159,163
  
 
43,313
  
GNMA, Series 2007-18, Class B
  
5.500
%
    
05/20/35
    
50,168
  
 
367,399
  
GNMA, Series 2007-59, Class ZT
  
5.500
%
    
10/20/37
    
410,888
  
 
89,649
  
GNMA, Series 2007-68, Class NA
  
5.000
%
    
11/20/37
    
99,924
  
 
50,913
  
GNMA, Series 2007-70, Class PE
  
5.500
%
    
11/20/37
    
57,554
  
 
240,000
  
GNMA, Series 2008-26, Class JP
  
5.250
%
    
03/20/38
    
271,422
  
 
300,000
  
GNMA, Series 2008-35, Class EH
  
5.500
%
    
03/20/38
    
337,108
  
 
409,616
  
GNMA, Series 2008-35, Class NF
  
5.000
%
    
04/20/38
    
457,805
  
 
420,525
  
GNMA, Series 2008-38, Class PL
  
5.500
%
    
05/20/38
    
474,213
  
 
 
Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2016 (Unaudited)
 
 
Face Amount
  
Description
  
Coupon Rate
    
Maturity Date
    
Value
  
 
314,000
  
GNMA, Series 2008-65, Class CM
  
5.000
%
    
08/20/38
  
$
353,092
  
 
1,775,181
  
GNMA, Series 2008-65, Class PG
  
6.000
%
    
08/20/38
    
2,029,010
  
 
157,000
  
GNMA, Series 2009-47, Class LT
  
5.000
%
    
06/20/39
    
183,024
  
 
592,647
  
GNMA, Series 2009-57, Class VB
  
5.000
%
    
06/16/39
    
702,044
  
 
515,428
  
GNMA, Series 2009-93, Class AY
  
5.000
%
    
10/20/39
    
576,819
  
 
750,000
  
GNMA, Series 2010-116, Class JB
  
5.000
%
    
06/16/40
    
878,653
  
 
2,000,000
  
GNMA, Series 2010-116, Class PB
  
5.000
%
    
06/16/40
    
2,466,067
  
 
320,960
  
GNMA, Series 2012-124, Class NE
  
2.000
%
    
10/20/42
    
280,943
  
 
Total Agency Mortgage-Backed Securities (identified cost, $60,980,790)
  
$
62,850,233
  

OTHER U.S. GOVERNMENT GUARANTEED - 2.5%


INDUSTRIALS - 2.5%
$
1,459,000
  
Vessel Management Services, Inc.
  
5.125
%
    
04/16/35
  
 $
1,713,174
  

Total Other U.S. Government Guaranteed (identified cost, $1,668,601)
  
$
1,713,174
  

TOTAL FIXED INCOME INVESTMENTS (identified cost, $62,649,391) — 95.8%
  
$
64,563,407
  

SHORT-TERM INVESTMENTS - 4.1%

$
2,743,416
  
Fidelity Government Money Market Fund, 0.27%(1)
              
 $
2,743,416
  

 
TOTAL SHORT-TERM INVESTMENTS (identified cost, $2,743,416) — 4.1%
  
$
2,743,416
  

TOTAL INVESTMENTS (identified cost, $65,392,807) — 99.9%
  
$
67,306,823
  

OTHER ASSETS, IN EXCESS OF LIABILITIES — 0.1%
    
74,017
  

NET ASSETS — 100.0%
  
$
67,380,840
  

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, 2016.

*  Cost for federal income tax purposes is substantially the same as for financial statement purposes and net unrealized appreciation consists of:
Gross Unrealized Appreciation
  
$
2,093,565
  
Gross Unrealized Depreciation
    
(179,549
)
Net Unrealized Appreciation
  
$
1,914,016
  

Wright Current Income Fund (WCIF)
Portfolio of Investments – As of September 30, 2016 (Unaudited)

 
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, 2016.

 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other Observable Inputs
(Level 2)
  
Significant Observable Inputs(Level 3)
  
Total

Agency Mortgage-Backed Securities
  
$
-
    
$
62,850,233
    
$
-
    
$
62,850,233
  
Other U.S. Government Guaranteed
    
-
      
1,713,174
      
-
      
1,713,174
  
Short-Term Investments
    
-
      
2,743,416
      
-
      
2,743,416
  

Total Investments
  
$
-
    
$
67,306,823
    
$
-
    
$
67,306,823
  

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 tranfers among Level 1, Level 2 and Level 3 for the period ended September 30, 2016.
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 8, 2016

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 8, 2016


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

Date: November 8, 2016
 
 EX-99.CERT 2 wrightpfopeocert.htm
Form N-Q Item 3


I, Peter M. Donovan, certify that:

1.
I have reviewed this report on Form N-Q of The Wright Managed Income Trust (on behalf of Wright Current Income Fund);

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the schedules of investments  included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.
The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.



Date:  November 8, 2016 /s/ Peter M. Donovan
      Peter M. Donovan
      President; Principal Executive Officer
 
 

Form N-Q Item 3


I, Michael J. McKeen, certify that:

1.
I have reviewed this report on Form N-Q of The Wright Managed Income Trust (on behalf of Wright Current Income Fund);

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the schedules of investments  included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.
The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Date: November 8, 2016 /s/ Michael J. McKeen
      Michael J. McKeen
      Treasurer; Principal Financial Officer