U.S. Fixed Income
Fixed Income Portfolio Characteristics As of 6/30/2023
| Characteristic | Brandywine Global | BUSA |
| Average Quality1 | AA+ | AA |
| Average Maturity (Years) | 20.05 | 8.60 |
| Average Modified Duration (Years) | 10.46 | 6.38 |
| Average Coupon (%) | 4.42 | 2.96 |
| Current Yield (%) | 4.49 | 3.22 |
| Average Yield To Maturity (%) | 4.68 | 4.81 |
| Number of Issues | 32 | 13,358 |
Quality Allocation As of 6/30/2023
| Quality Rating | Brandywine Global (%) |
| AAA | 91.0 |
| AA | - |
| A | 4.0 |
| BBB | 5.0 |
| BB or Lower | - |
| Not Rated | - |
Duration Allocation As of 6/30/2023
| Duration Range | Brandywine Global (%) |
| <1 Year | 21.2 |
| 1-3 Years | 3.8 |
| 3-7 Years | 8.4 |
| 7-10 Years | 35.6 |
| 10+ Years | 27.5 |
| No Duration | 3.6 |
Sector Allocation As of 6/30/2023
| Sector | Brandywine Global (%) | BUSA (%) |
| Government Sovereign | 53.3 | 41.0 |
| Government Owned - No Guarantee | - | 5.1 |
| Corporate Bond | 9.0 | 24.2 |
| Mortgage Backed Securities | 34.9 | 28.7 |
| Cash | 3.6 | - |