Global Defensive High Yield | Investment Strategies | Brandywine GLOBAL

Global Defensive High Yield

Fixed Income Portfolio Characteristics As of 3/31/2019

Characteristic Brandywine Global BGHYB
Average Quality1 BB BA3/B1
Average Maturity (Years) 7.08 5.46
Average Modified Duration (Years) 3.50 -
Average Coupon (%) 5.28 5.74
Average Yield To Worst (%) 5.12 5.25
Average Yield To Maturity (%) 5.27 5.71
Number of Issues 61 2,433

Quality Allocation As of 3/31/2019

Quality Rating Brandywine Global (%)
BBB or Higher 20.0
BB 40.4
B 34.4
CCC 5.1
CC -
D -
Not Rated -

Duration Allocation As of 3/31/2019

Duration Range Brandywine Global (%)
<1 Year 10.8
1-3 Years 38.9
3-7 Years 43.5
7-10 Years 2.9
10+ Years 3.0
No Duration 0.9

Region & Currency Allocation As of 3/31/2019

Region Country (%) Currency (%)
Emerging Markets 1.1 2.5
Europe ex-Eurozone 2.6 6.2
Eurozone - 6.5
North & Central America 96.9 84.9
Other -0.5 -

Sector Allocation As of 3/31/2019

Sector Brandywine Global (%)
Basic Industry 12.6
Capital Goods 2.1
Communications 21.4
Consumer Cyclical 6.5
Consumer Non-Cyclical 14.5
Energy 11.8
Financial Institutions 2.6
Government-Related 1.1
Securitized 11.5
Technology 10.0
Transportation 1.4
Utility 3.5