Global High Yield
Fixed Income Portfolio Characteristics As of 6/30/2024
| Characteristic | Brandywine Global | BGHY |
| Average Quality1 | BB- | B+ |
| Average Maturity (Years) | 4.00 | 5.88 |
| Average Effective Duration (Years) | 2.95 | 3.63 |
| Average Coupon (%) | 6.79 | 6.02 |
| Average Yield To Worst (%) | 7.48 | 8.26 |
| Average Yield To Maturity (%) | 7.80 | 8.37 |
| Number of Issues | 89 | 3,494 |
Quality Allocation As of 6/30/2024
| Quality Rating | Brandywine Global (%) |
| BBB or Higher | 18.8 |
| BB | 27.4 |
| B | 48.2 |
| CCC | 4.8 |
| CC | - |
| D | - |
| Not Rated | 0.9 |
Duration Allocation As of 6/30/2024
| Duration Range | Brandywine Global (%) |
| <1 Year | 21.7 |
| 1-3 Years | 41.5 |
| 3-7 Years | 27.8 |
| 7-10 Years | 2.4 |
| 10+ Years | 0.9 |
| No Duration | 5.7 |
Region & Currency Allocation As of 6/30/2024
| Region | Country (%) | Currency (%) |
| Asia-Pacific ex-Japan | 1.1 | - |
| Emerging Markets | 5.2 | - |
| Europe ex-Eurozone | 7.3 | 1.8 |
| Eurozone | 3.2 | 16.9 |
| Middle East & Africa | 0.6 | - |
| North & Central America | 82.4 | 81.3 |
| Other | 0.2 | - |
Sector Allocation As of 6/30/2024
| Sector | Brandywine Global (%) | BGHY (%) |
| Basic Industry | 4.4 | 5.0 |
| Capital Goods | 2.4 | 6.9 |
| Communications | 2.8 | 10.6 |
| Consumer Cyclical | 33.9 | 14.5 |
| Consumer Non-Cyclical | 5.8 | 9.0 |
| Energy | 14.4 | 7.2 |
| Financial Institutions | 19.5 | 11.1 |
| Government | 2.1 | - |
| Other Industrial | 0.9 | 1.2 |
| Technology | 5.0 | 4.4 |
| Transportation | 3.3 | 2.4 |
| Utilities | - | 2.4 |
| Cash | 5.4 | - |