Brandywine GLOBAL - Investment Strategies
Global High Yield
Overview
The Global High Yield strategy combines top-down analysis of macroeconomic conditions with bottom-up fundamental analysis in order to determine where the most attractive valuations exist during the business cycle—considering country, currency, credit quality, sector allocation, and security selection. Macroeconomic perspective is combined and incorporated with our quantitative screens and fundamental analysis when constructing high yield portfolios. Our valuation process is primarily focused on identifying and investing in bonds that have attractive "real-" and "risk-" adjusted yields. The strategy prudently rotates portfolio positions and seeks to control risk by purchasing undervalued securities.
Key Stats & Commentary
Factsheets

Inception Date
January 1, 2010
Strategy AUM ($M)
616.7

Average Quality
B+
Yield to Worst (%)
6.15

Overview
The Global High Yield strategy combines top-down analysis of macroeconomic conditions with bottom-up fundamental analysis in order to determine where the most attractive valuations exist during the business cycle—considering country, currency, credit quality, sector allocation, and security selection. Macroeconomic perspective is combined and incorporated with our quantitative screens and fundamental analysis when constructing high yield portfolios. Our valuation process is primarily focused on identifying and investing in bonds that have attractive "real-" and "risk-" adjusted yields. The strategy prudently rotates portfolio positions and seeks to control risk by purchasing undervalued securities.
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