Global Investment-Grade Sovereign Fixed Income
Fixed Income Portfolio Characteristics As of 3/31/2022
| Characteristic | Brandywine Global | WGBI |
| Average Quality1 | AA- | AA |
| Average Maturity (Years) | 9.76 | 9.74 |
| Average Modified Duration (Years) | 6.26 | 8.36 |
| Average Coupon (%) | 4.02 | 1.68 |
| Current Yield (%) | 4.23 | - |
| Average Yield To Maturity (%) | 4.52 | 1.59 |
| Number of Issues | 33 | 1,170 |
Quality Allocation As of 3/31/2022
| Quality Rating | Brandywine Global (%) |
| AAA | 50.4 |
| AA | 11.8 |
| A | 6.8 |
| BBB | 22.9 |
| BB or Lower | 8.0 |
| Not Rated | - |
Duration Allocation As of 3/31/2022
| Duration Range | Brandywine Global (%) |
| <1 Year | 27.5 |
| 1-3 Years | 18.8 |
| 3-7 Years | 14.0 |
| 7-10 Years | 17.1 |
| 10+ Years | 18.7 |
| No Duration | 3.8 |
Region & Currency Allocation As of 3/31/2022
| Region | Country (%) | Currency (%) | WGBI (%) |
| Asia-Pacific ex-Japan | 14.4 | 14.2 | 1.7 |
| Emerging Markets | 34.0 | 33.1 | 2.7 |
| Europe ex-Eurozone | 12.8 | 11.0 | 5.4 |
| Eurozone | 5.0 | 25.1 | 31.6 |
| Japan | - | 6.0 | 16.0 |
| Middle East & Africa | - | - | 0.4 |
| North & Central America | 27.7 | 10.6 | 42.2 |
| Supranational | 7.9 | - | - |
| Other | -1.7 | - | - |