Corporate Credit
Fixed Income Portfolio Characteristics As of 12/31/2022
| Characteristic | Brandywine Global |
| Average Maturity (Years) | 5.33 |
| Average Effective Duration (Years) | 3.24 |
| Average Yield To Maturity (%) | 8.14 |
| Current Yield (%) | 6.04 |
| Average Yield To Worst (%) | 8.12 |
Quality Allocation As of 12/31/2022
| Quality Rating | Brandywine Global (%) |
| BBB or Higher | 28.0 |
| BB | 28.9 |
| B | 36.6 |
| CCC | 6.0 |
| CC | - |
| D | - |
| Not Rated | 0.4 |
Duration Allocation As of 12/31/2022
| Duration Range | Brandywine Global (%) |
| <1 Year | 1.0 |
| 1-3 Years | 27.4 |
| 3-7 Years | 54.5 |
| 7-10 Years | 4.6 |
| 10+ Years | 1.4 |
| No Duration | 11.2 |
Sector Allocation As of 12/31/2022
| Sector | Brandywine Global (%) | BAUCHY (%) |
| Automotive | 2.4 | 2.5 |
| Banking | 7.3 | 16.0 |
| Basic Industry | 8.6 | 4.3 |
| Capital Goods | 3.1 | 4.8 |
| Consumer Goods | 3.3 | 5.4 |
| Energy | 13.9 | 8.9 |
| Financial Services | 14.6 | 9.0 |
| Healthcare | 0.7 | 9.0 |
| Insurance | 2.5 | 4.0 |
| Leisure | 10.4 | 1.4 |
| Media | 5.6 | 4.6 |
| Real Estate | 0.9 | 3.5 |
| Retail | 6.7 | 4.0 |
| Services | 0.3 | 1.9 |
| Technology & Electronics | 2.5 | 6.3 |
| Telecommunications | 4.0 | 4.2 |
| Transportation | 2.0 | 2.3 |
| Utility | - | 7.9 |