Global Defensive High Yield | Investment Strategies | Brandywine GLOBAL

Global Defensive High Yield

Fixed Income Portfolio Characteristics As of 3/31/2020

Characteristic Brandywine Global BGHYB
Average Quality1 BB- BA3/B1
Average Maturity (Years) 5.64 5.70
Average Modified Duration (Years) 4.10 4.03
Average Coupon (%) 5.58 5.44
Average Yield To Worst (%) 7.14 8.14
Average Yield To Maturity (%) 7.19 8.19
Number of Issues 82 2,580

Quality Allocation As of 3/31/2020

Quality Rating Brandywine Global (%)
BBB or Higher 7.5
BB 51.7
B 39.9
CCC 0.9
CC -
D -
Not Rated -

Duration Allocation As of 3/31/2020

Duration Range Brandywine Global (%)
<1 Year 7.4
1-3 Years 25.3
3-7 Years 62.9
7-10 Years 2.6
10+ Years 1.6
No Duration 0.1

Region & Currency Allocation As of 3/31/2020

Region Country (%) Currency (%)
Emerging Markets 8.2 -
Europe ex-Eurozone 4.2 3.6
Eurozone 1.3 12.4
Middle East & Africa 3.5 -
North & Central America 83.9 84.0
Other -1.0 -

Sector Allocation As of 3/31/2020

Sector Brandywine Global (%)
Basic Industry 9.2
Capital Goods 4.9
Communications 26.9
Consumer Cyclical 10.5
Consumer Non-Cyclical 18.5
Energy 3.2
Financial Institutions 9.0
Government-Related 1.6
Technology 7.8
Transportation 2.0
Utility 6.5