Corporate Credit
Fixed Income Portfolio Characteristics As of 3/31/2024
| Characteristic | Brandywine Global |
| Average Maturity (Years) | 5.02 |
| Average Effective Duration (Years) | 2.71 |
| Average Yield To Maturity (%) | 6.95 |
| Current Yield (%) | 6.22 |
| Average Yield To Worst (%) | 6.87 |
Quality Allocation As of 3/31/2024
| Quality Rating | Brandywine Global (%) |
| BBB or Higher | 25.1 |
| BB | 33.3 |
| B | 38.2 |
| CCC | 3.4 |
| CC | - |
| D | - |
| Not Rated | - |
Duration Allocation As of 3/31/2024
| Duration Range | Brandywine Global (%) |
| <1 Year | 10.7 |
| 1-3 Years | 30.2 |
| 3-7 Years | 46.6 |
| 7-10 Years | 0.8 |
| 10+ Years | 2.2 |
| No Duration | 9.5 |
Sector Allocation As of 3/31/2024
| Sector | Brandywine Global (%) | BAUCHY (%) |
| Automotive | 1.0 | 2.8 |
| Banking | 7.0 | 15.9 |
| Basic Industry | 7.1 | 4.2 |
| Capital Goods | 2.6 | 4.9 |
| Consumer Goods | 3.5 | 5.4 |
| Energy | 13.7 | 8.8 |
| Financial Services | 16.6 | 9.0 |
| Healthcare | 2.2 | 9.4 |
| Insurance | 4.5 | 4.0 |
| Leisure | 8.5 | 1.3 |
| Media | 3.0 | 4.2 |
| Real Estate | 0.8 | 3.4 |
| Retail | 5.7 | 3.9 |
| Services | 3.5 | 2.0 |
| Technology & Electronics | 4.5 | 6.3 |
| Telecommunications | 3.2 | 3.9 |
| Transportation | 2.0 | 2.1 |
| Utility | 1.0 | 8.4 |
| Other | 0.1 | - |
| Cash & Cash Equivalents | 9.6 | - |