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Clearwater Investment Trust SUBADVISORY AGREEMENT
Investment Trust   Subadvisory Agreement • February 26th, 2020 • Clearwater Investment Trust • Minnesota

This Subadvisory Agreement, made as of the 12th day of September, 2019 (the “Agreement”), by and among Clearwater Investment Trust (“Trust”), a Massachusetts business trust, Clearwater Management Co., Inc. (the “Manager”), a Minnesota corporation, and LSV Asset Management, a Delaware general partnership (the “Subadvisor”).

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