Global Investment-Grade Sovereign Fixed Income
Fixed Income Portfolio Characteristics As of 12/31/2022
| Characteristic | Brandywine Global | WGBI |
| Average Quality1 | AA- | AA |
| Average Maturity (Years) | 14.00 | 9.69 |
| Average Modified Duration (Years) | 8.68 | 7.39 |
| Average Coupon (%) | 4.46 | 1.86 |
| Current Yield (%) | 5.00 | - |
| Average Yield To Maturity (%) | 6.39 | 3.36 |
| Number of Issues | 31 | 1,201 |
Quality Allocation As of 12/31/2022
| Quality Rating | Brandywine Global (%) |
| AAA | 53.9 |
| AA | 13.7 |
| A | 5.0 |
| BBB | 18.9 |
| BB or Lower | 8.6 |
| Not Rated | - |
Duration Allocation As of 12/31/2022
| Duration Range | Brandywine Global (%) |
| <1 Year | 15.8 |
| 1-3 Years | 9.4 |
| 3-7 Years | 13.1 |
| 7-10 Years | 29.6 |
| 10+ Years | 28.5 |
| No Duration | 3.7 |
Region & Currency Allocation As of 12/31/2022
| Region | Country (%) | Currency (%) | WGBI (%) |
| Asia-Pacific ex-Japan | 9.2 | 3.0 | 2.0 |
| Emerging Markets | 32.2 | 14.6 | 5.0 |
| Europe ex-Eurozone | -2.3 | 11.2 | 4.7 |
| Eurozone | 11.4 | 21.6 | 28.7 |
| Japan | - | 20.9 | 14.6 |
| Middle East & Africa | - | - | 0.3 |
| North & Central America | 39.6 | 28.7 | 44.7 |
| Supranational | 9.1 | - | - |
| Other | 0.9 | - | - |