0001752724-23-126575.txt : 20230531 0001752724-23-126575.hdr.sgml : 20230531 20230531071050 ACCESSION NUMBER: 0001752724-23-126575 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230531 DATE AS OF CHANGE: 20230531 EFFECTIVENESS DATE: 20230531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Insight Select Income Fund CENTRAL INDEX KEY: 0000030125 IRS NUMBER: 231745238 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-02201 FILM NUMBER: 23978915 BUSINESS ADDRESS: STREET 1: 200 PARK AVENUE STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 8663336685 MAIL ADDRESS: STREET 1: 200 PARK AVENUE STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10166 FORMER COMPANY: FORMER CONFORMED NAME: Insight Investment DATE OF NAME CHANGE: 20170110 FORMER COMPANY: FORMER CONFORMED NAME: Cutwater Select Income Fund DATE OF NAME CHANGE: 20111209 FORMER COMPANY: FORMER CONFORMED NAME: RIVUS BOND FUND DATE OF NAME CHANGE: 20060928 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000030125 XXXXXXXX 811-02201 false false false N-2 Insight Select Income Fund 811-02201 0000030125 2138009UQXO3YKI55769 200 Park Avenue 7th Floor New York 10166 US-NY US 212-527-1800 Insight North America LLC 200 Park Avenue 7th Floor New York 10166 212-527-1800 Records relating to its function as advisor BNY MELLON INVESTMENT SERVICING (US) INC. 84 STATE STREET Boston 02109 302-791-1700 Records relating to its function as fund accountant and administrator The Bank of New York Mellon 4400 Computer Drive Westborough 01581 800-441-9800 Records relating to its function as fund accountant and administrator Computershare Inc. P.O. Box 505000 Louisville 40233-5000 866-333-6685 Records relating to its function as a transfer agent. The Bank of New York Mellon 2 Hanson Place Brooklyn 11217 718-315-2758 Records relating to its function as a custodian N N N N-2 N W. Thacher Brown N/A N Thomas E. Spock N/A N Ellen D. Harvey 001712045 N Suzanne P. Welsh N/A N Patrick E. Harris 005748909 200 Park Avenue 7th Floor New York 10166 XXXXXX Y N N N N N N Tait, Weller & Baker LLP 445 N/A N N N N N N Insight Select Income Fund 2138009UQXO3YKI55769 N 0 0 0 N/A N N Y N N/A N/A N/A N/A N N N N Insight North America LLC 801-69964 000145995 213800YYX7MQCCEN9439 N Computershare, Inc. 084-05925 254900Y7PP3ZED9AUY94 N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N Bloomberg L.P. 549300B56MD0ZC402L06 N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 Y N Self - rule 17f-2 (17 CFR 270.17f-2) N Computershare Inc. 254900Y7PP3ZED9AUY94 N N N BNY Mellon Investment Servicing (US) Inc. 549300CFZQLI9QMJ1Z03 Y N N Pershing LLC 008-17574 000007560 ZI8Q1A8EI8LQFJNM0D94 0.00000000 Hedgemark Securities LLC 008-69106 000164503 0004719869 0.00000000 BNY Mellon Capital Markets, LLC 008-35255 000017454 VJW2DOOHGDT6PR0ZRO63 0.00000000 MBSC Securities Corporation 008-13801 000000231 0002243221 0.00000000 Pershing Advisor Solutions LLC 008-47425 000036671 549300KTC63JRN36GZ84 0.00000000 0.00000000 Merrill Lynch Professional Clearing Corp. 008-33359 000016139 549300PMHS66E71I2D34 169356243.58000000 UBS SECURITIES LLC 008-22651 000007654 T6FIZBDPKLYJKFCRVK44 111100863.96000000 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 16294096.07000000 CitiGroup Global Markets Inc. 008-08177 000007059 MBNUM2BPBDO7JBLYG310 124467503.96000000 CITADEL SECURITIES LLC 008-53574 000116797 12UUJYTN7D3SW8KCSG25 8012901.28000000 BMO CAPITAL MARKETS CORP. 008-34344 000016686 RUC0QBLBRPRCU4W1NE59 7999178.00000000 HSBC SECURITIES (USA), INC. 008-41562 000019585 CYYGQCGNHMHPSMRL3R97 15840955.59000000 MORGAN STANLEY & CO. LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 121863588.11000000 Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 181678906.74000000 BARCLAYS CAPITAL, INC. 008-41342 000019714 AC28XWWI3WIBK2824319 15842537.36000000 801375386.11000000 N 188568929.00000000 0.00000000 Common stock Insight Select Income Fund N N N N N N 0.45000000 0.86000000 15.88000000 17.52000000 false false true false false false false false false false false INTERNAL CONTROL RPT 2 Insight_auditor_letter.htm

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING

Shareholders and Board of Trustees

Insight Select Income Fund

New York, New York

In planning and performing our audit of the financial statements of Insight Select Income Fund as of and for the year ended March 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered its 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-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund 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 generally accepted accounting principles. 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 financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors 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 company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s 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 Fund’s internal control over financial reporting and its operation, including controls for safeguarding securities, which we consider to be material weaknesses, as defined above, as of March 31, 2023.

This report is intended solely for the information and use of management, Shareholders and Board of Trustees of Insight Select Income Fund 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/ TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania

May 10, 2023