Santa Clara Valley Transportation Authority

**Santa Clara Valley Transportation Authority (SCVTA)** manages $119M across a concentrated portfolio of four positions. The strategy exhibits a clear focus on global and fixed-income exposure, highlighted by the largest holding in IEMG at $42.0M. Significant allocations are maintained in short-term treasuries (SHY at $27.3M) and intermediate-term credit instruments, including USIG ($25.0M) and USHY ($24.7M). This structure suggests a tactical allocation favoring defensive and income-generating assets.

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