0001435109-17-000309.txt : 20170508 0001435109-17-000309.hdr.sgml : 20170508 20170508104432 ACCESSION NUMBER: 0001435109-17-000309 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170331 FILED AS OF DATE: 20170508 DATE AS OF CHANGE: 20170508 EFFECTIVENESS DATE: 20170508 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: 17821024 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 wrightincomenq.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: January 1, 2017 - March 31, 2017

Item 1. Schedule of Investments.

Wright Current Income Fund (WCIF)

Portfolio of Investments – As of March 31, 2017 (Unaudited)

Face Amount

Description

Coupon Rate

Maturity Date

Value

FIXED INCOME INVESTMENTS - 95.6%

AGENCY MORTGAGE-BACKED SECURITIES - 92.7%
$	122,681	FHLMC Gold Pool #A37619	4.500	%	09/01/35	$	131,922
	206,604	FHLMC Gold Pool #A39555	5.500	%	11/01/35		234,379
	422,827	FHLMC Gold Pool #A88945	4.000	%	08/01/39		447,012
	543,487	FHLMC Gold Pool #A92435	5.000	%	06/01/40		592,102
	18,870	FHLMC Gold Pool #C00778	7.000	%	06/01/29		21,902
	250,523	FHLMC Gold Pool #C03552	4.500	%	08/01/40		270,648
	535,861	FHLMC Gold Pool #G05457	4.500	%	05/01/39		578,364
	274,749	FHLMC Gold Pool #G07025	5.000	%	02/01/42		300,267
	99,649	FHLMC Gold Pool #G08022	6.000	%	11/01/34		113,445
	98,124	FHLMC Gold Pool #G08047	6.000	%	03/01/35		111,958
	578,581	FHLMC Gold Pool #G08378	6.000	%	10/01/39		654,202
	267,447	FHLMC Gold Pool #G30285	6.000	%	02/01/26		302,111
	66,073	FHLMC Gold Pool #G80111	7.300	%	12/17/22		71,064
	8,000	FHLMC Gold Pool #H09098	6.500	%	10/01/37		8,791
	104,381	FHLMC Gold Pool #P00024	7.000	%	09/01/32		116,924
	328,852	FHLMC Gold Pool #P50079	5.000	%	07/01/33		347,063
	176,139	FHLMC Gold Pool #T30126	5.550	%	07/01/37		195,464
	72,656	FHLMC Gold Pool #T30133	5.550	%	07/01/37		80,659
	347,309	FHLMC Gold Pool #T60798	3.500	%	07/01/42		353,605
	193,705	FHLMC Gold Pool #U30400	5.550	%	06/01/37		214,915
	1,578,688	FHLMC Gold Pool #U80611	4.500	%	11/01/33		1,727,899
	204,769	FHLMC, Series 2097, Class PZ	6.000	%	11/15/28		233,065
	34,637	FHLMC, Series 2176, Class OJ	7.000	%	08/15/29		39,691
	23,431	FHLMC, Series 2201, Class C	8.000	%	11/15/29		27,058
	93,852	FHLMC, Series 2218, Class ZB	6.000	%	03/15/30		105,489
	22,891	FHLMC, Series 2576, Class HC	5.500	%	03/15/33		24,898
	68,146	FHLMC, Series 2802, Class OH	6.000	%	05/15/34		73,367
	221,490	FHLMC, Series 3033, Class WY	5.500	%	09/15/35		245,826
	83,751	FHLMC, Series 3072, Class DL	6.000	%	02/15/35		91,289
	286,338	FHLMC, Series 3143, Class BC	5.500	%	02/15/36		315,886
	40,694	FHLMC, Series 3255, Class QE	5.500	%	12/15/36		45,161
	377,227	FHLMC, Series 3613, Class HJ	5.500	%	12/15/39		420,091
	277,467	FHLMC, Series 3677, Class PB	4.500	%	05/15/40		296,890
	458,790	FHLMC, Series 3926, Class OP	6.000	%	08/15/25		492,143
	520,631	FHLMC, Series 3960, Class BM	3.000	%	02/15/30		533,739
	138,726	FHLMC, Series 4050, Class NK	4.500	%	09/15/41		148,080
	1,000,000	FHLMC, Series 4299, Class JY	4.000	%	01/15/44		1,095,904
	23,024	FHLMC-GNMA, Series 23, Class KZ	6.500	%	11/25/23		25,219
	197,765	FNMA Pool #252034	7.000	%	09/01/28		228,877
	17,334	FNMA Pool #252215	6.000	%	11/01/28		19,595
	189,951	FNMA Pool #256182	6.000	%	03/01/36		208,139
	21,199	FNMA Pool #256972	6.000	%	11/01/37		22,707
	123,480	FNMA Pool #257138	5.000	%	03/01/38		131,728
	43,394	FNMA Pool #594207	6.500	%	02/01/31		48,649
	167,858	FNMA Pool #687887	5.500	%	03/01/33		191,896
	298,591	FNMA Pool #694795	5.500	%	04/01/33		341,611
	95,645	FNMA Pool #724888	5.500	%	06/01/33		103,348
	129,830	FNMA Pool #735861	6.500	%	09/01/33		148,543
	222,156	FNMA Pool #745318	5.000	%	12/01/34		241,322
	79,255	FNMA Pool #801506	4.750	%	09/01/34		85,719
	85,788	FNMA Pool #813839	6.000	%	11/01/34		94,950
	45,051	FNMA Pool #819230	5.350	%	02/01/35		50,526

Wright Current Income Fund (WCIF)

Portfolio of Investments – As of March 31, 2017 (Unaudited)

Face Amount

Description

Coupon Rate

Maturity Date

Value

$	366,777	FNMA Pool #819457	4.750	%	02/01/35	$	397,622
	974,783	FNMA Pool #821082	6.000	%	03/01/35		1,062,476
	165,104	FNMA Pool #831927	6.000	%	12/01/36		187,696
	91,055	FNMA Pool #833303	5.150	%	05/01/35		102,476
	534,494	FNMA Pool #846323	4.250	%	11/01/35		567,617
	457,053	FNMA Pool #851762	4.250	%	01/01/36		485,532
	236,892	FNMA Pool #852504	5.350	%	09/01/35		264,658
	27,405	FNMA Pool #878502	5.350	%	12/01/35		30,732
	423,633	FNMA Pool #883281	7.000	%	07/01/36		491,054
	38,484	FNMA Pool #888534	5.000	%	08/01/37		40,839
	475,810	FNMA Pool #891367	4.750	%	04/01/36		516,869
	156,376	FNMA Pool #895567	5.450	%	04/01/36		176,705
	576,624	FNMA Pool #896838	5.450	%	07/01/36		645,191
	616,653	FNMA Pool #899651	6.500	%	08/01/37		707,197
	8,872	FNMA Pool #908160	5.500	%	12/01/36		9,043
	107,253	FNMA Pool #930504	5.000	%	02/01/39		115,316
	43,132	FNMA Pool #930664	6.500	%	03/01/39		49,923
	407,759	FNMA Pool #940441	5.780	%	03/01/37		460,107
	140,921	FNMA Pool #954633	5.500	%	02/01/37		154,381
	17,189	FNMA Pool #954957	6.000	%	10/01/37		18,406
	144,927	FNMA Pool #995656	7.000	%	06/01/33		170,915
	406,969	FNMA Pool #AB2693	4.500	%	04/01/41		440,515
	271,607	FNMA Pool #AC5445	5.000	%	11/01/39		300,342
	391,010	FNMA Pool #AC9581	5.500	%	01/01/40		439,753
	224,171	FNMA Pool #AL6860	4.500	%	03/01/44		245,138
	217,854	FNMA Pool #AM4671	5.320	%	10/01/43		258,369
	811,491	FNMA Pool #AM5015	4.940	%	12/01/43		920,788
	173,791	FNMA Pool #AS5235	3.500	%	06/01/45		178,780
	148,104	FNMA Whole Loan, Series 2003-W17, Class 1A7	5.750	%	08/25/33		166,170
	227,974	FNMA Whole Loan, Series 2004-W11, Class 1A1	6.000	%	05/25/44		259,553
	126,335	FNMA, Series 2001-52, Class XZ	6.500	%	10/25/31		145,332
	2,003,492	FNMA, Series 2003-18, Class XD	5.000	%	03/25/33		2,164,202
	46,153	FNMA, Series 2003-30, Class JQ	5.500	%	04/25/33		50,618
	248,878	FNMA, Series 2003-32, Class BZ	6.000	%	11/25/32		280,765
	158,765	FNMA, Series 2004-17, Class H	5.500	%	04/25/34		175,028
	274,414	FNMA, Series 2004-18, Class EZ	6.000	%	04/25/34		307,052
	100,406	FNMA, Series 2005-106, Class UK	5.500	%	12/25/35		102,781
	172,000	FNMA, Series 2005-120, Class PB	6.000	%	01/25/36		201,345
	106,934	FNMA, Series 2005-58, Class BC	5.500	%	07/25/25		117,309
	608,171	FNMA, Series 2006-24, Class Z	5.500	%	04/25/36		681,372
	602,824	FNMA, Series 2006-74, Class PD	6.500	%	08/25/36		691,220
	188,307	FNMA, Series 2007-71, Class GB	6.000	%	07/25/37		213,437
	172,926	FNMA, Series 2007-76, Class PE	6.000	%	08/25/37		193,352
	426,288	FNMA, Series 2007-81, Class GE	6.000	%	08/25/37		460,736
	477,720	FNMA, Series 2008-60, Class JC	5.000	%	07/25/38		522,653
	150,000	FNMA, Series 2009-50, Class AX	5.000	%	07/25/39		172,212
	290,000	FNMA, Series 2010-136, Class CY	4.000	%	12/25/40		309,837
	109,457	FNMA, Series 2012-51, Class B	7.000	%	05/25/42		125,635
	592,046	FNMA, Series 2013-17, Class YM	4.000	%	03/25/33		631,452
	76,714	FNMA, Series G93-5, Class Z	6.500	%	02/25/23		82,740
	121	GNMA I Pool #602377	4.500	%	06/15/18		122
	366	GNMA I Pool #603377	4.500	%	01/15/18		368
	166,773	GNMA I Pool #615272	4.500	%	07/15/33		182,113
	110,362	GNMA I Pool #626755	5.000	%	03/15/35		122,201
	144,414	GNMA I Pool #644970	5.000	%	06/15/35		158,784

Wright Current Income Fund (WCIF)

Portfolio of Investments – As of March 31, 2017 (Unaudited)

Face Amount

Description

Coupon Rate

Maturity Date

Value

$	87,166	GNMA I Pool #647406	5.000	%	09/15/35	$	96,012
	114,475	GNMA I Pool #650493	5.000	%	01/15/36		126,491
	100,482	GNMA I Pool #675477	5.000	%	06/15/38		110,989
	331,381	GNMA I Pool #678649	4.000	%	12/15/39		357,999
	122,097	GNMA I Pool #697999	4.500	%	02/15/24		129,311
	255,907	GNMA I Pool #711286	6.500	%	10/15/32		290,318
	384,443	GNMA I Pool #737844	3.500	%	01/15/26		400,315
	489,726	GNMA I Pool #752112	3.500	%	01/15/33		513,629
	225,599	GNMA I Pool #781341	6.000	%	10/15/31		261,872
	400,554	GNMA I Pool #781886	5.500	%	03/15/35		452,630
	86,007	GNMA I Pool #782771	4.500	%	09/15/24		91,612
	741,427	GNMA II Pool #003066	5.500	%	04/20/31		826,591
	27,903	GNMA II Pool #003284	5.500	%	09/20/32		31,348
	137,426	GNMA II Pool #003403	5.500	%	06/20/33		154,342
	282,919	GNMA II Pool #003638	6.000	%	11/20/34		326,925
	75,669	GNMA II Pool #003689	4.500	%	03/20/35		81,508
	271,901	GNMA II Pool #003909	5.500	%	10/20/36		300,861
	7,389	GNMA II Pool #004284	5.500	%	11/20/38		7,781
	108,343	GNMA II Pool #004291	6.000	%	11/20/38		122,972
	23,271	GNMA II Pool #004412	5.000	%	04/20/39		24,318
	153,574	GNMA II Pool #004561	6.000	%	10/20/39		176,430
	107,915	GNMA II Pool #004702	3.500	%	06/20/25		112,266
	116,649	GNMA II Pool #004753	8.000	%	08/20/30		128,739
	484,392	GNMA II Pool #004838	6.500	%	10/20/40		548,014
	1,014,517	GNMA II Pool #442324	4.500	%	08/20/41		1,092,906
	74,735	GNMA II Pool #610116	5.760	%	04/20/33		82,586
	194,579	GNMA II Pool #648541	6.000	%	10/20/35		206,378
	564,788	GNMA II Pool #781642	5.500	%	08/20/33		643,239
	534,157	GNMA II Pool #AG0467	4.000	%	04/20/44		564,959
	99,597	GNMA II Pool #MA2295	4.500	%	10/20/44		103,731
	147,817	GNMA, Series 2002-33, Class ZD	6.000	%	05/16/32		167,833
	48,694	GNMA, Series 2002-45, Class QE	6.500	%	06/20/32		55,677
	44,734	GNMA, Series 2002-7, Class PG	6.500	%	01/20/32		51,854
	107,455	GNMA, Series 2003-103, Class PC	5.500	%	11/20/33		120,983
	63,809	GNMA, Series 2003-26, Class MA	5.500	%	03/20/33		67,915
	154,000	GNMA, Series 2003-46, Class HA	4.500	%	06/20/33		165,837
	171,019	GNMA, Series 2003-46, Class MA	5.000	%	05/20/33		176,199
	345,697	GNMA, Series 2003-46, Class ND	5.000	%	06/20/33		380,574
	290,055	GNMA, Series 2003-57, Class C	4.500	%	04/20/33		317,141
	95,215	GNMA, Series 2003-84, Class PC	5.500	%	10/20/33		106,165
	13,205	GNMA, Series 2004-16, Class GB	5.500	%	06/20/33		13,367
	205,086	GNMA, Series 2005-13, Class BE	5.000	%	09/20/34		214,879
	566,933	GNMA, Series 2005-17, Class GE	5.000	%	02/20/35		620,469
	187,194	GNMA, Series 2005-49, Class B	5.500	%	06/20/35		208,888
	155,626	GNMA, Series 2005-51, Class DC	5.000	%	07/20/35		170,310
	56,095	GNMA, Series 2005-93, Class BH	5.500	%	06/20/35		62,717
	909,969	GNMA, Series 2007-14, Class PB	5.400	%	03/20/37		1,010,442
	43,265	GNMA, Series 2007-18, Class B	5.500	%	05/20/35		49,539
	320,600	GNMA, Series 2007-59, Class ZT	5.500	%	10/20/37		355,809
	79,950	GNMA, Series 2007-68, Class NA	5.000	%	11/20/37		87,821
	45,054	GNMA, Series 2007-70, Class PE	5.500	%	11/20/37		50,415
	240,000	GNMA, Series 2008-26, Class JP	5.250	%	03/20/38		263,366
	361,782	GNMA, Series 2008-35, Class NF	5.000	%	04/20/38		396,474
	371,355	GNMA, Series 2008-38, Class PL	5.500	%	05/20/38		422,641
	314,000	GNMA, Series 2008-65, Class CM	5.000	%	08/20/38		344,126

Wright Current Income Fund (WCIF)

Portfolio of Investments – As of March 31, 2017 (Unaudited)

Face Amount

Description

Coupon Rate

Maturity Date

Value

$	1,549,568	GNMA, Series 2008-65, Class PG	6.000	%	08/20/38	$	1,747,373
	157,000	GNMA, Series 2009-47, Class LT	5.000	%	06/20/39		176,665
	440,483	GNMA, Series 2009-93, Class AY	5.000	%	10/20/39		486,100
	1,500,000	GNMA, Series 2010-116, Class JB	5.000	%	06/16/40		1,681,779
	311,258	GNMA, Series 2010-129, Class NK	4.000	%	06/20/39		325,190
	320,960	GNMA, Series 2012-124, Class NE	2.000	%	10/20/42		261,570

Total Agency Mortgage-Backed Securities (identified cost, $49,943,496)

49,890,121

OTHER U.S. GOVERNMENT GUARANTEED - 2.9%

INDUSTRIALS - 2.9%
$	1,421,000		Vessel Management Services, Inc.		5.125	%			04/16/35		$	1,568,312

Total Other U.S. Government Guranteed (identified cost, $1,621,383)

1,568,312

TOTAL FIXED INCOME INVESTMENTS (identified cost, $51,564,879) — 95.6%

51,458,433

SHORT-TERM INVESTMENTS - 4.2%

2,281,418

Fidelity Government Money Market Fund, 0.57% (1)

2,281,418

TOTAL SHORT-TERM INVESTMENTS (identified cost, $2,281,418) — 4.2%

2,281,418

TOTAL INVESTMENTS (identified cost, $53,846,297) — 99.8%

53,739,851

OTHER ASSETS, IN EXCESS OF LIABILITIES — 0.2%

76,379

NET ASSETS — 100.0%

53,816,230

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 March 31, 2017.

* Cost for federal income tax purposes is substantially the same as for financial statement purposes and net unrealized depreciation consists of:

Gross Unrealized Appreciation	$	455,620
Gross Unrealized Depreciation		(562,066	)
Net Unrealized Depreciation	$	(106,446	)

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 March 31, 2017.

Wright Current Income Fund (WCIF)

Portfolio of Investments – As of March 31, 2017 (Unaudited)

Quoted Prices in Active Markets for Identical Assets

(Level 1)

Significant Other Observable Inputs

(Level 2)

Significant Unobservable Inputs

(Level 3)

Total

Asset Description
Agency Mortgage-Backed Securities	$	-	$	49,890,121	$	-	$	49,890,121
Other U.S. Government Guaranteed				1,568,312				1,568,312
Short-Term Investments		-		2,281,418		-		2,281,418

Total Investments

53,739,851

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 March 31, 2017.

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:		May 4, 2017

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:		May 4, 2017

By:		/s/ Michael J. McKeen
		Michael J. McKeen
		Treasurer; Principal Financial Officer
Date:		May 4, 2017

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;

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:	May 4, 2017	/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;

(a)

(b)

(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:	May 4, 2017	/s/ Michael J. McKeen
		Michael J. McKeen
		Treasurer; Principal Financial Officer