# EDGAR Filing Document

**Accession Number:** 0000811161
**File Stem:** 0001193125-25-144607
**Filing Date:** 2025-6
**Character Count:** 5838
**Document Hash:** 9302f9da85ac5f65cd8b0cd3d8a74e9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-144607.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001193125-25-144607

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**EFFECTIVENESS DATE**: 20250623

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CLEARWATER INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000811161

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-12289
- **FILM NUMBER:** 251064779

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 WELLS FARGO PLACE
- **STREET 2:** 30 EAST 7TH STREET
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55101-4930
- **BUSINESS PHONE:** 651-228-0935

**MAIL ADDRESS:**
- **STREET 1:** 2000 WELLS FARGO PLACE
- **STREET 2:** 30 EAST 7TH STREET
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55101

## Series and Classes Contracts Data

### Clearwater Core Equity Fund (Series ID: S000000697)

---

|  |  |  |
|:---|:---|:---|
| Class Name                  | Ticker Symbol | Class ID   |
| Clearwater Core Equity Fund | QWVPX         | C000002050 |

---

### Clearwater Select Equity Fund (Series ID: S000000698)

---

|  |  |  |
|:---|:---|:---|
| Class Name                    | Ticker Symbol | Class ID   |
| Clearwater Select Equity Fund | QWVOX         | C000002051 |

---

### Clearwater Tax-Exempt Bond Fund (Series ID: S000000699)

---

|  |  |  |
|:---|:---|:---|
| Class Name                      | Ticker Symbol | Class ID   |
| Clearwater Tax-Exempt Bond Fund | QWVQX         | C000002052 |

---

### CLEARWATER INTERNATIONAL FUND (Series ID: S000024756)

---

|  |  |  |
|:---|:---|:---|
| Class Name                    | Ticker Symbol | Class ID   |
| CLEARWATER INTERNATIONAL FUND | QCVAX         | C000073549 |

---

## Series and Classes Contracts Data

### Clearwater Core Equity Fund (Series ID: S000000697)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000002050 | Clearwater Core Equity Fund | QWVPX           |

### Clearwater Select Equity Fund (Series ID: S000000698)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000002051 | Clearwater Select Equity Fund | QWVOX           |

### Clearwater Tax-Exempt Bond Fund (Series ID: S000000699)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000002052 | Clearwater Tax-Exempt Bond Fund | QWVQX           |

### CLEARWATER INTERNATIONAL FUND (Series ID: S000024756)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000073549 | CLEARWATER INTERNATIONAL FUND | QCVAX           |

**CLEARWATER INVESTMENT TRUST** 

**CLEARWATER CORE EQUITY FUND** 

**CLEARWATER SELECT EQUITY FUND** 

**CLEARWATER TAX-EXEMPT BOND FUND** 

**CLEARWATER INTERNATIONAL FUND** 

**SUPPLEMENT TO THE PROSPECTUS ("PROSPECTUS")** 

**DATED APRIL 28, 2025** 

The date of this Supplement is June 23, 2025.

**Effective July 1, 2025, Clearwater Management Co., Inc. ("CMC") the investment manager of the Clearwater Investment Trust, will increase its voluntary management fee waiver for Clearwater Core Equity Fund, Clearwater Select Equity Fund, Clearwater Tax-Exempt Bond Fund and Clearwater International Fund.** 

Accordingly, effective July 1, 2025, the following change is made to the Prospectus:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The third paragraph of the section titled "**MANAGEMENT – Management Services and Fees**" is
deleted and replaced with the following:

Effective July 1, 2025, CMC has voluntarily agreed to waive a portion of the management fee for the Core Equity Fund, Select Equity Fund, Tax-Exempt Bond Fund and International Fund to achieve an effective management fee rate equal to 0.21%, 0.93%, 0.28% and 0.75%, respectively, of each Fund's average daily net assets. It is CMC's current intent to continue these fee reductions indefinitely. Nonetheless, the investment manager may terminate any voluntary fee reduction at any time.

INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

------

**CLEARWATER INVESTMENT TRUST** 

**CLEARWATER CORE EQUITY FUND** 

**CLEARWATER SELECT EQUITY FUND** 

**CLEARWATER TAX-EXEMPT BOND FUND** 

**CLEARWATER INTERNATIONAL FUND** 

**SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION ("SAI")** 

**DATED APRIL 28, 2025** 

The date of this Supplement is June 23, 2025.

**Effective July 1, 2025, Clearwater Management Co., Inc. ("CMC") the investment manager of the Clearwater Investment Trust, will increase its voluntary management fee waiver for Clearwater Core Equity Fund, Clearwater Select Equity Fund, Clearwater Tax-Exempt Bond Fund and Clearwater International Fund.** 

Accordingly, effective July 1, 2025, the following change is made to the SAI:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The third paragraph of the section titled "**MANAGEMENT, ADVISORY AND OTHER SERVICES – Investment Manager**" is deleted and replaced with the following:

As compensation for its management services and expenses assumed, the investment manager is contractually entitled to receive a management fee at the annual rate of 0.90%, 1.35%, 0.60% and 1.00% of the net assets of Core Equity Fund, Select Equity Fund, Tax-Exempt Bond Fund and International Fund, respectively. Effective July 1, 2025, CMC has voluntarily agreed to waive a portion of the management fee for the Core Equity Fund, Select Equity Fund, Tax-Exempt Bond Fund and International Fund to achieve an effective management fee rate equal to 0.21%, 0.93%, 0.28% and 0.75%, respectively, of each Fund's average daily net assets.

INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE