Clearwater Investment Trust has issued an important update regarding its Clearwater Tax-Exempt Bond Fund, a strategic move aimed at enhancing investor awareness and confidence. The filing, made on November 5, 2026, outlines the fund's performance metrics and investment objectives, emphasizing its goal of providing high current income that is exempt from U.S. federal income tax.

The Clearwater Tax-Exempt Bond Fund is designed to invest primarily in tax-exempt bonds, with a commitment to preserving capital while delivering competitive returns. The fund aims to invest at least 80% of its net assets in these bonds, which are particularly appealing to investors seeking tax advantages. The filing underscores Clearwater's proactive management approach in navigating the complexities of the municipal bond market.

Background

Clearwater Investment Trust, based in St. Paul, Minnesota, operates as an investment entity focused on managing a range of funds, including the Clearwater Tax-Exempt Bond Fund. The trust is registered under the Central Index Key (CIK) number 0000811161. The fund's investment strategy is geared towards providing investors with tax-efficient income, which is especially relevant in the current financial landscape.

Recent filings from Clearwater include a series of updates that reflect the trust's ongoing commitment to transparency and investor communication. The latest filing, dated November 5, 2026, is categorized under the 497AD form type, which is typically used for mutual fund updates.

What the Filing Says

The filing provides essential insights into the Clearwater Tax-Exempt Bond Fund, including its net assets, which currently stand at approximately $793.3 million. The fund's performance is benchmarked against the Bloomberg Municipal Bond 5 Year Index, which serves as a standard for evaluating its returns. As of September 30, 2026, the fund has experienced a year-to-date return of -3.45%, indicating the challenges posed by the current market environment.

Additionally, the filing highlights the fund's investment minimum of $1,000, making it accessible to a broad range of investors. Clearwater Management Co., Inc. manages the fund, with oversight provided by subadvisers Sit Fixed Income Advisors II, LLC, and MacKay Shields LLC, who handle day-to-day operations.

Impact

This update may significantly impact current and potential investors in the Clearwater Tax-Exempt Bond Fund. By providing detailed performance metrics and clarifying the fund's investment strategy, Clearwater aims to bolster investor confidence in its offerings. The municipal bond sector, characterized by its appeal to tax-sensitive investors, remains competitive, with multiple funds vying for attention. Clearwater's proactive communication may position it favorably among investors seeking reliable income streams.

What's Next

The filing does not specify any immediate next steps or actions required from investors. However, Clearwater Investment Trust is likely to continue monitoring market conditions and may provide further updates as necessary to keep stakeholders informed.

For more information, investors can access the full filing through the SEC's EDGAR database, accession number 0001193125-26-450050.