Corporate Credit
Fixed Income Portfolio Characteristics As of 9/30/2023
| Characteristic | Brandywine Global |
| Average Maturity (Years) | 5.05 |
| Average Effective Duration (Years) | 3.16 |
| Average Yield To Maturity (%) | 7.81 |
| Current Yield (%) | 6.14 |
| Average Yield To Worst (%) | 7.98 |
Quality Allocation As of 9/30/2023
| Quality Rating | Brandywine Global (%) |
| BBB or Higher | 25.7 |
| BB | 34.8 |
| B | 36.4 |
| CCC | 3.0 |
| CC | - |
| D | - |
| Not Rated | - |
Duration Allocation As of 9/30/2023
| Duration Range | Brandywine Global (%) |
| <1 Year | 5.2 |
| 1-3 Years | 27.8 |
| 3-7 Years | 53.8 |
| 7-10 Years | 2.4 |
| 10+ Years | 0.8 |
| No Duration | 10.1 |
Sector Allocation As of 9/30/2023
| Sector | Brandywine Global (%) | BAUCHY (%) |
| Automotive | 1.0 | 2.7 |
| Banking | 5.4 | 16.0 |
| Basic Industry | 9.4 | 4.2 |
| Capital Goods | 4.0 | 4.9 |
| Consumer Goods | 4.0 | 5.3 |
| Energy | 14.3 | 8.8 |
| Financial Services | 15.2 | 9.0 |
| Healthcare | 2.5 | 9.4 |
| Insurance | 3.9 | 3.9 |
| Leisure | 9.8 | 1.4 |
| Media | 2.7 | 4.4 |
| Real Estate | 1.2 | 3.5 |
| Retail | 5.1 | 3.9 |
| Services | 2.4 | 2.0 |
| Technology & Electronics | 3.7 | 6.2 |
| Telecommunications | 3.4 | 3.9 |
| Transportation | 1.7 | 2.2 |
| Utility | - | 8.2 |
| Other | 0.3 | - |
| Cash & Cash Equivalents | 10.1 | - |