Global High Yield
Fixed Income Portfolio Characteristics As of 3/31/2024
| Characteristic | Brandywine Global | BGHY |
| Average Quality1 | BB- | B+ |
| Average Maturity (Years) | 4.44 | 5.89 |
| Average Effective Duration (Years) | 3.11 | 3.65 |
| Average Coupon (%) | 6.60 | 5.93 |
| Average Yield To Worst (%) | 7.14 | 8.09 |
| Average Yield To Maturity (%) | 7.36 | 8.22 |
| Number of Issues | 98 | 3,492 |
Quality Allocation As of 3/31/2024
| Quality Rating | Brandywine Global (%) |
| BBB or Higher | 21.1 |
| BB | 34.4 |
| B | 42.3 |
| CCC | 2.2 |
| CC | - |
| D | - |
| Not Rated | - |
Duration Allocation As of 3/31/2024
| Duration Range | Brandywine Global (%) |
| <1 Year | 20.3 |
| 1-3 Years | 30.9 |
| 3-7 Years | 37.8 |
| 7-10 Years | 2.7 |
| 10+ Years | 1.0 |
| No Duration | 7.3 |
Region & Currency Allocation As of 3/31/2024
| Region | Country (%) | Currency (%) |
| Asia-Pacific ex-Japan | 0.5 | - |
| Emerging Markets | 6.9 | - |
| Europe ex-Eurozone | 4.7 | 1.9 |
| Eurozone | 3.5 | 16.5 |
| Middle East & Africa | 5.3 | - |
| North & Central America | 79.2 | 81.6 |
| Other | -0.1 | - |
Sector Allocation As of 3/31/2024
| Sector | Brandywine Global (%) | BGHY (%) |
| Basic Industry | 6.4 | 5.0 |
| Capital Goods | 2.2 | 7.1 |
| Communications | 2.6 | 11.0 |
| Consumer Cyclical | 26.8 | 14.6 |
| Consumer Non-Cyclical | 8.4 | 8.9 |
| Energy | 14.3 | 7.3 |
| Financial Institutions | 18.4 | 10.8 |
| Government | 2.9 | - |
| Other Industrial | 0.8 | 1.2 |
| Technology | 5.6 | 4.2 |
| Transportation | 4.6 | 2.3 |
| Utilities | - | 2.4 |
| Cash | 7.1 | - |