Clearwater Investment Trust - Clearwater Tax-Exempt Bond Fund (QWVQX)

Fund Assets	850.35M
Expense Ratio	0.038%
Min. Investment	$1,000
Turnover	n/a
Dividend (ttm)	0.39
Dividend Yield	4.71%
Dividend Growth	0.22%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.29
YTD Return	-3.50%
1-Year Return	-2.04%
5-Year Return	-9.52%
52-Week Low	8.15
52-Week High	8.95
Beta (5Y)	0.30
Holdings	812
Inception Date	Jan 14, 2000

About QWVQX

Clearwater Tax-Exempt Bond Fund is an open-end mutual fund specializing in the fixed income asset class, with a primary goal of providing investors with high current income that is exempt from U.S. federal income tax. The fund seeks to achieve this objective while maintaining a focus on the preservation of capital, making it particularly relevant for investors interested in balancing yield with risk mitigation. To meet its stated purpose, Clearwater Tax-Exempt Bond Fund invests at least 80% of its assets in tax-exempt debt obligations, such as municipal bonds issued by or for U.S. states, territories, possessions, and the District of Columbia. With this structure, the fund plays a significant role in the municipal bond sector and supports public infrastructure projects while offering investors the potential benefit of tax-advantaged income. Its design is especially useful for individuals or entities seeking tax efficiency and lower tax liability within a diversified, professionally managed portfolio. Clearwater Tax-Exempt Bond Fund exemplifies a specialized approach to fixed income investing, aligning with the needs of those prioritizing tax-exempt income alongside capital preservation.

• Category: Gen & Ins Muni
• Stock Exchange: Nasdaq
• Ticker Symbol: QWVQX
• Index: Bloomberg Municipal Bond 5 Y TR

Performance

QWVQX had a total return of -2.04% in the past year, including dividends. Since the fund's inception, the average annual return has been -1.01%.

Top 10 Holdings

6.19% of assets

Name	Symbol	Weight
Northern Institutional US Govt Sel	BGSXX	1.53%
MISSISSIPPI HOME CORP SINGLE FAMILY MTG - MS MSSSFH 5.12 12/01/2045	MSSSFH	0.61%
TEXAS ST DEPT HSG & CMNTY AFFAIRS - TX TXSSFH 5.12 01/01/2054	TXSSFH	0.61%
TEXAS ST DEPT HSG & CMNTY AFFAIRS - TX TXSSFH 5.12 07/01/2055	TXSSFH	0.60%
MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MI) - MI MISHSG 2.5 06/01/2052	MISHSG	0.53%
GEORGIA HOUSING & FINANCE AUTHORITY (GA) - GA GASHSG 5.05 12/01/2045	GASHSG	0.49%
NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY (NJ) - NJ NJSHSG 4.8 10/01/2053	NJSHSG	0.47%
NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY (NJ) - NJ NJSHSG 4.5 10/01/2042	NJSHSG	0.47%
TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS (TX) - TX TXSSFH 3.12 01/01/2052	TXSSFH	0.44%
MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MI) - MI MISHSG 2.75 06/01/2051	MISHSG	0.44%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03349	Sep 30, 2026
Aug 31, 2026	$0.03133	Aug 31, 2026
Jul 31, 2026	$0.0324	Jul 31, 2026
Jun 30, 2026	$0.03231	Jun 30, 2026
May 29, 2026	$0.03324	May 29, 2026
Apr 30, 2026	$0.03214	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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