U.S. Core Plus Fixed Income
Fixed Income Portfolio Characteristics As of 6/30/2023
| Characteristic | Brandywine Global | BUSA |
| Average Quality1 | AA | AA |
| Average Maturity (Years) | 24.25 | 8.60 |
| Average Modified Duration (Years) | 9.58 | 6.38 |
| Average Coupon (%) | 4.41 | 2.96 |
| Current Yield (%) | 4.74 | 3.22 |
| Average Yield To Maturity (%) | 5.20 | 4.81 |
| Number of Issues | 36 | 13,358 |
Quality Allocation As of 6/30/2023
| Quality Rating | Brandywine Global (%) |
| AAA | 77.3 |
| AA | 5.3 |
| A | - |
| BBB | 7.6 |
| BB or Lower | 9.8 |
| Not Rated | - |
Duration Allocation As of 6/30/2023
| Duration Range | Brandywine Global (%) |
| <1 Year | 11.9 |
| 1-3 Years | 2.1 |
| 3-7 Years | 14.0 |
| 7-10 Years | 30.8 |
| 10+ Years | 35.2 |
| No Duration | 6.0 |
Sector Allocation As of 6/30/2023
| Sector | Brandywine Global (%) | BUSA (%) |
| Government Sovereign | 53.0 | 41.0 |
| Government Owned - No Guarantee | - | 5.1 |
| Corporate Bond | 7.2 | 24.2 |
| Mortgage Backed Securities | 34.9 | 28.7 |
| Cash | 6.9 | - |