Global Defensive High Yield | Investment Strategies | Brandywine GLOBAL

Global Defensive High Yield

Fixed Income Portfolio Characteristics As of 6/30/2019

Characteristic Brandywine Global BGHYB
Average Quality1 BB BA3/B1
Average Maturity (Years) 5.15 5.44
Average Modified Duration (Years) 3.03 3.23
Average Coupon (%) 5.41 5.75
Average Yield To Worst (%) 4.14 4.71
Average Yield To Maturity (%) 4.59 5.65
Number of Issues 65 2,445

Quality Allocation As of 6/30/2019

Quality Rating Brandywine Global (%)
BBB or Higher 14.3
BB 48.2
B 37.5
CCC -
CC -
D -
Not Rated -

Duration Allocation As of 6/30/2019

Duration Range Brandywine Global (%)
<1 Year 20.4
1-3 Years 34.9
3-7 Years 37.3
7-10 Years 1.0
10+ Years 3.0
No Duration 3.4

Region & Currency Allocation As of 6/30/2019

Region Country (%) Currency (%)
Emerging Markets 1.1 -
Europe ex-Eurozone 4.5 -
Eurozone 2.5 12.0
North & Central America 90.6 88.0
Other 1.3 -

Sector Allocation As of 6/30/2019

Sector Brandywine Global (%)
Basic Industry 14.8
Capital Goods 4.1
Communications 21.7
Consumer Cyclical 5.5
Consumer Non-Cyclical 16.6
Energy 8.8
Financial Institutions 5.6
Government-Related 4.9
Technology 9.8
Transportation 1.4
Utility 3.6