International Opportunistic Equity
Equity Portfolio Characteristics As of 12/31/2022
| Characteristic | Brandywine Global | ACWI-RGXUS |
| Price/Earnings 1 | 11.6 | 13.2 |
| Price/Book | 1.1 | 1.6 |
| Price/Cash Flow | 6.3 | 8.2 |
| Dividend Yield (%) | 3.1 | 3.3 |
| Average Market Capitalization ($B) | 57.1 | 9.9 |
| Number of Securities | 44 | 2,261 |
| Turnover (% Last 12 Months) | 48.1 | - |
Top Ten Holdings As of 12/31/2022
| Company | Weight (%) |
| Bnp Paribas Sa | 5.5 |
| Alibaba Group Holding Ltd | 4.9 |
| Baidu Inc | 4.6 |
| Lg Corp | 4.3 |
| Banco Santander Sa | 4.3 |
| Cie De Saint-gobain | 4.1 |
| Deutsche Telekom Ag | 4.0 |
| Nestle Sa | 3.1 |
| Morinaga & Co Ltd/japan | 2.8 |
| Husqvarna Ab | 2.7 |
Sector Allocation As of 12/31/2022
| Sector | Brandywine Global (%) | ACWI-RGXUS (%) |
| Communication Services | 10.8 | 5.9 |
| Consumer Discretionary | 24.4 | 11.4 |
| Consumer Staples | 10.4 | 8.9 |
| Energy | 3.4 | 6.0 |
| Financials | 14.8 | 21.0 |
| Health Care | 6.6 | 9.8 |
| Industrials | 18.9 | 12.3 |
| Information Technology | 4.7 | 10.8 |
| Materials | 2.6 | 8.4 |
| Real Estate | - | 2.3 |
| Utilities | - | 3.4 |