QWVQX — Clearwater Tax-Exempt Bond Fund
Data updated: 2026-08-26
QWVQX — Clearwater Tax-Exempt Bond Fund. Long Municipal - National Bond · $850.35M AUM · 0.71% expense ratio. Holdings, fees, performance and SEC filings.
QWVQX Fund Overview
QWVQX — Clearwater Tax-Exempt Bond Fund is a US mutual fund managed by Clearwater Investment Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Clearwater Investment Trust
- Category: Long Municipal - National Bond
- Assets under management: $850.35M
- 1-year return: 8.9%
- Ticker: QWVQX
- SEC CIK: 0000811161
- SEC series ID: S000000699
- Share class ID: C000002052
QWVQX Holdings
Top 10 holdings of Clearwater Tax-Exempt Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Northern Institutional Funds | 1.59% |
| Mississippi Home Corp. Single Family Mtg | 0.61% |
| Texas St Dept Hsg & Cmnty Affairs | 0.61% |
| Texas St Dept Hsg & Cmnty Affairs | 0.60% |
| Michigan State Housing Development Authority (mi) | 0.53% |
| Georgia Housing & Finance Authority (ga) | 0.49% |
| New Jersey Housing And Mortgage Finance Agency (nj) | 0.47% |
| New Jersey Housing And Mortgage Finance Agency (nj) | 0.47% |
| Texas Department Of Housing & Community Affairs (tx) | 0.44% |
| Michigan State Housing Development Authority (mi) | 0.44% |
QWVQX Portfolio Allocation
Asset-class allocation of Clearwater Tax-Exempt Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 95.3% |
| Equity | 2.7% |
| Cash & Equivalents | 1.6% |
QWVQX Performance
Total returns for QWVQX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.2% |
| 1 year | 8.9% |
| 3 years (annualised) | 5.5% |
| 5 years (annualised) | 1.7% |
QWVQX Risk Information
Risk metrics for QWVQX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.3%
QWVQX Costs and Fees
QWVQX costs about $71 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.71%
- Gross expense ratio: 0.71%
- Portfolio turnover: 25%
- Brokerage commissions: 0.16 bps of average net assets (SEC N-CEN)
QWVQX Cashflows
Over the 12 months to 2026-06, Clearwater Tax-Exempt Bond Fund had net inflows of $30.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $1.94M |
| 2026-05 | $2.66M |
| 2026-04 | $174.34K |
| 2026-03 | $1.47M |
| 2026-02 | $3.57M |
| 2026-01 | $2.79M |
QWVQX Debt Constituents
Largest debt holdings of Clearwater Tax-Exempt Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Mississippi Home Corp. Single Family Mtg | 0.61% |
| Texas St Dept Hsg & Cmnty Affairs | 0.61% |
| Texas St Dept Hsg & Cmnty Affairs | 0.60% |
| Michigan State Housing Development Authority (mi) | 0.53% |
| Georgia Housing & Finance Authority (ga) | 0.49% |
| New Jersey Housing And Mortgage Finance Agency (nj) | 0.47% |
| New Jersey Housing And Mortgage Finance Agency (nj) | 0.47% |
| Texas Department Of Housing & Community Affairs (tx) | 0.44% |
| Michigan State Housing Development Authority (mi) | 0.44% |
| Utah St Hsg Corp. | 0.43% |
QWVQX Prospectus and SEC Filings
Official Clearwater Tax-Exempt Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-10
- Annual census (N-CEN) — filed 2025-03-12
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.