Global High Yield
Fixed Income Portfolio Characteristics As of 12/31/2023
Characteristic | Brandywine Global | BGHY |
Average Quality1 | BB- | B+ |
Average Maturity (Years) | 4.01 | 5.86 |
Average Effective Duration (Years) | 3.12 | 3.63 |
Average Coupon (%) | 6.65 | 5.79 |
Average Yield To Worst (%) | 7.60 | 8.20 |
Average Yield To Maturity (%) | 7.78 | 8.33 |
Number of Issues | 92 | 3,466 |
Quality Allocation As of 12/31/2023
Quality Rating | Brandywine Global (%) |
BBB or Higher | 13.5 |
BB | 32.5 |
B | 44.1 |
CCC | 6.3 |
CC | - |
D | - |
Not Rated | 3.6 |
Duration Allocation As of 12/31/2023
Duration Range | Brandywine Global (%) |
<1 Year | 15.6 |
1-3 Years | 31.6 |
3-7 Years | 45.2 |
7-10 Years | 1.6 |
10+ Years | - |
No Duration | 6.1 |
Region & Currency Allocation As of 12/31/2023
Region | Country (%) | Currency (%) |
Asia-Pacific ex-Japan | 0.6 | - |
Emerging Markets | 6.5 | - |
Europe ex-Eurozone | 2.0 | 1.9 |
Eurozone | 2.3 | 18.1 |
Middle East & Africa | 4.9 | - |
North & Central America | 82.9 | 80.1 |
Other | 0.8 | - |
Sector Allocation As of 12/31/2023
Sector | Brandywine Global (%) | BGHY (%) |
Basic Industry | 5.8 | 4.7 |
Capital Goods | 3.9 | 7.2 |
Communications | 2.1 | 11.7 |
Consumer Cyclical | 25.6 | 14.5 |
Consumer Non-Cyclical | 14.4 | 9.0 |
Energy | 17.0 | 7.3 |
Financial Institutions | 11.7 | 10.4 |
Government | 2.7 | - |
Other Industrial | - | 1.2 |
Technology | 5.1 | 4.3 |
Transportation | 5.1 | 2.2 |
Utilities | - | 2.5 |
Cash | 5.6 | - |