Corporate Credit
Fixed Income Portfolio Characteristics As of 6/30/2023
| Characteristic | Brandywine Global |
| Average Maturity (Years) | 4.94 |
| Average Effective Duration (Years) | 3.01 |
| Average Yield To Maturity (%) | 7.68 |
| Current Yield (%) | 6.20 |
| Average Yield To Worst (%) | 7.73 |
Quality Allocation As of 6/30/2023
| Quality Rating | Brandywine Global (%) |
| BBB or Higher | 23.6 |
| BB | 36.9 |
| B | 35.6 |
| CCC | 3.8 |
| CC | - |
| D | - |
| Not Rated | 0.1 |
Duration Allocation As of 6/30/2023
| Duration Range | Brandywine Global (%) |
| <1 Year | 7.4 |
| 1-3 Years | 28.9 |
| 3-7 Years | 48.3 |
| 7-10 Years | 4.0 |
| 10+ Years | 1.1 |
| No Duration | 10.3 |
Sector Allocation As of 6/30/2023
| Sector | Brandywine Global (%) | BAUCHY (%) |
| Automotive | 2.2 | 2.6 |
| Banking | 5.1 | 15.6 |
| Basic Industry | 8.8 | 4.3 |
| Capital Goods | 4.3 | 4.8 |
| Consumer Goods | 3.7 | 5.4 |
| Energy | 14.5 | 8.7 |
| Financial Services | 15.5 | 8.9 |
| Healthcare | 1.8 | 9.6 |
| Insurance | 3.4 | 3.9 |
| Leisure | 10.5 | 1.4 |
| Media | 2.8 | 4.5 |
| Other | 0.1 | - |
| Real Estate | 0.9 | 3.4 |
| Retail | 6.0 | 4.0 |
| Services | 2.2 | 1.9 |
| Technology & Electronics | 2.7 | 6.4 |
| Telecommunications | 4.0 | 4.0 |
| Transportation | 1.3 | 2.3 |
| Utility | - | 8.3 |