Global High Yield | Investment Strategies | Brandywine GLOBAL

Global High Yield

Fixed Income Portfolio Characteristics As of 3/31/2017

Characteristic Brandywine Global BGHY
Average Quality BB- B1/B+
Average Maturity (Years) 7.13 6.59
Average Modified Adjusted Duration (Years) 2.65 4.24
Average Coupon (%) 6.73 6.31
Yield to Worst (%) 6.00 5.56
Yield to Maturity (%) 6.15 5.84
Number of Issues 81 3,415

Quality Allocation As of 3/31/2017

Quality Rating Brandywine Global (%)
BBB or Higher 9.7
BB 33.9
B 41.3
CCC 14.5
CC-D -
Not Rated 0.7

Duration Allocation As of 3/31/2017

Duration Range Brandywine Global (%)
0-1 Years 11.9
1-3 Years 22.5
3-7 Years 58.1
7-10 Years 2.4
10+ Years 5.1

Region & Currency Allocation As of 3/31/2017

Region Country Weight (%) Currency Weight (%)
Asia-Pacific Ex-Japan - -
Emerging Markets 9.8 6.0
Europe Ex-Eurozone 4.2 1.9
Eurozone 12.1 12.8
Japan - -
Middle East & Africa - -
North & Central America 73.1 79.4
South America - -
Supranational - -
Other 0.9 -

Sector Weights As of 3/31/2017

Sector Brandywine Global (%) BGHY (%)
Basic Industry 7.7 6.7
Capital Goods 3.8 6.9
Communications 18.4 14.9
Consumer Cyclical 4.1 11.2
Consumer Non-Cyclical 17.9 9.1
Energy 10.7 8.0
Financial Institutions 5.5 10.5
Government 13.0 23.2
Other Industrial 0.8 1.0
Securitized 2.3 -
Technology 8.7 4.6
Transportation 0.9 1.4
Utility 1.8 2.5