BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) |
|
July 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT† |
|
|
VALUE |
|
| CORPORATE BONDS & NOTES - 89.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| COMMUNICATION SERVICES - 11.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diversified Telecommunication Services - 2.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Altice France Holding SA, Senior Notes |
|
|
6.000 |
% |
|
|
2/15/28 |
|
|
|
1,515,000 |
|
|
$ |
565,401 |
(a)(b) |
| Altice France SA, Senior Secured Notes |
|
|
3.375 |
% |
|
|
1/15/28 |
|
|
|
1,190,000 |
EUR |
|
|
921,355 |
(a) |
| Consolidated Communications Inc., Senior Secured Notes |
|
|
5.000 |
% |
|
|
10/1/28 |
|
|
|
890,000 |
|
|
|
659,293 |
(a)(b) |
| Hughes Satellite Systems Corp., Senior Notes |
|
|
6.625 |
% |
|
|
8/1/26 |
|
|
|
200,000 |
|
|
|
180,804 |
(b) |
| Level 3 Financing Inc., Senior Notes |
|
|
4.625 |
% |
|
|
9/15/27 |
|
|
|
1,300,000 |
|
|
|
989,047 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Diversified Telecommunication Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,315,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interactive Media & Services - 2.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ANGI Group LLC, Senior Notes |
|
|
3.875 |
% |
|
|
8/15/28 |
|
|
|
2,200,000 |
|
|
|
1,849,530 |
(a)(b) |
| GrubHub Holdings Inc., Senior Notes |
|
|
5.500 |
% |
|
|
7/1/27 |
|
|
|
4,000,000 |
|
|
|
2,857,400 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Interactive Media & Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,706,930 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Media - 1.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Colombia Telecomunicaciones SA ESP, Senior Notes |
|
|
4.950 |
% |
|
|
7/17/30 |
|
|
|
775,000 |
|
|
|
608,334 |
(a)(b) |
| DISH Network Corp., Senior Secured Notes |
|
|
11.750 |
% |
|
|
11/15/27 |
|
|
|
1,000,000 |
|
|
|
1,007,988 |
(a)(b) |
| Liberty Interactive LLC, Senior Notes |
|
|
8.250 |
% |
|
|
2/1/30 |
|
|
|
725,000 |
|
|
|
275,500 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Media |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,891,822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Wireless Telecommunication Services - 4.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, Senior Secured Notes |
|
|
4.738 |
% |
|
|
3/20/25 |
|
|
|
3,478,125 |
|
|
|
3,440,442 |
(a)(b) |
| United States Cellular Corp., Senior Notes |
|
|
6.700 |
% |
|
|
12/15/33 |
|
|
|
3,500,000 |
|
|
|
3,039,400 |
(b) |
| Xiaomi Best Time International Ltd., Senior Notes |
|
|
3.375 |
% |
|
|
4/29/30 |
|
|
|
1,600,000 |
|
|
|
1,321,741 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Wireless Telecommunication Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,801,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL COMMUNICATION SERVICES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,716,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CONSUMER DISCRETIONARY - 6.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Automobiles - 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nissan Motor Co. Ltd., Senior Notes |
|
|
4.345 |
% |
|
|
9/17/27 |
|
|
|
1,500,000 |
|
|
|
1,396,850 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hotels, Restaurants & Leisure - 3.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affinity Interactive, Senior Secured Notes |
|
|
6.875 |
% |
|
|
12/15/27 |
|
|
|
3,000,000 |
|
|
|
2,657,282 |
(a)(b) |
| GPS Hospitality Holding Co. LLC/GPS Finco Inc., Senior Secured Notes |
|
|
7.000 |
% |
|
|
8/15/28 |
|
|
|
1,225,000 |
|
|
|
807,479 |
(a)(b) |
| Marriott Ownership Resorts Inc., Senior Notes |
|
|
4.500 |
% |
|
|
6/15/29 |
|
|
|
580,000 |
|
|
|
503,336 |
(a)(b) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly
Report |
|
1 |
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT† |
|
|
VALUE |
|
| Hotels, Restaurants & Leisure - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mohegan Tribal Gaming Authority, Secured Notes |
|
|
8.000 |
% |
|
|
2/1/26 |
|
|
|
1,450,000 |
|
|
$ |
1,342,889 |
(a)(b) |
| Viking Cruises Ltd., Senior Notes |
|
|
6.250 |
% |
|
|
5/15/25 |
|
|
|
645,000 |
|
|
|
633,743 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Hotels, Restaurants & Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,944,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Leisure Products - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vista Outdoor Inc., Senior Notes |
|
|
4.500 |
% |
|
|
3/15/29 |
|
|
|
730,000 |
|
|
|
621,584 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Specialty Retail - 1.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bath & Body Works Inc., Senior Notes |
|
|
6.625 |
% |
|
|
10/1/30 |
|
|
|
370,000 |
|
|
|
357,895 |
(a)(b) |
| Gap Inc., Senior Notes |
|
|
3.875 |
% |
|
|
10/1/31 |
|
|
|
1,395,000 |
|
|
|
998,835 |
(a)(b) |
| Grupo Axo SAPI de CV, Senior Notes |
|
|
5.750 |
% |
|
|
6/8/26 |
|
|
|
690,000 |
|
|
|
604,719 |
(a)(b) |
| Michaels Cos. Inc., Senior Secured Notes |
|
|
5.250 |
% |
|
|
5/1/28 |
|
|
|
1,400,000 |
|
|
|
1,191,778 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Specialty Retail |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,153,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL CONSUMER DISCRETIONARY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,116,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CONSUMER STAPLES - 3.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Food Products - 2.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Minerva Luxembourg SA, Senior Notes |
|
|
4.375 |
% |
|
|
3/18/31 |
|
|
|
630,000 |
|
|
|
514,710 |
(a)(b) |
| Pilgrim’s Pride Corp., Senior Notes |
|
|
5.875 |
% |
|
|
9/30/27 |
|
|
|
3,000,000 |
|
|
|
2,970,010 |
(a)(b) |
| Simmons Foods Inc./Simmons Prepared Foods Inc./Simmons Pet Food Inc./Simmons Feed Ingredients Inc., Secured
Notes |
|
|
4.625 |
% |
|
|
3/1/29 |
|
|
|
1,115,000 |
|
|
|
932,118 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Food Products |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,416,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tobacco - 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Turning Point Brands Inc., Senior Secured Notes |
|
|
5.625 |
% |
|
|
2/15/26 |
|
|
|
1,480,000 |
|
|
|
1,382,263 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL CONSUMER STAPLES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,799,101 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ENERGY - 20.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Oil, Gas & Consumable Fuels - 20.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aethon United BR LP/Aethon United Finance Corp., Senior Notes |
|
|
8.250 |
% |
|
|
2/15/26 |
|
|
|
2,000,000 |
|
|
|
1,986,602 |
(a)(b) |
| CITGO Petroleum Corp., Senior Secured Notes |
|
|
6.375 |
% |
|
|
6/15/26 |
|
|
|
1,425,000 |
|
|
|
1,383,547 |
(a) |
| CNX Resources Corp., Senior Notes |
|
|
6.000 |
% |
|
|
1/15/29 |
|
|
|
1,310,000 |
|
|
|
1,226,451 |
(a)(b) |
| Diamondback Energy Inc., Senior Notes |
|
|
6.250 |
% |
|
|
3/15/33 |
|
|
|
2,740,000 |
|
|
|
2,863,785 |
(b) |
| Diamondback Energy Inc., Senior Notes |
|
|
6.250 |
% |
|
|
3/15/53 |
|
|
|
1,000,000 |
|
|
|
1,024,920 |
(b) |
| Energian Israel Finance Ltd., Senior Secured Notes |
|
|
5.375 |
% |
|
|
3/30/28 |
|
|
|
2,500,000 |
|
|
|
2,272,925 |
(c) |
| Geopark Ltd., Senior Notes |
|
|
5.500 |
% |
|
|
1/17/27 |
|
|
|
1,620,000 |
|
|
|
1,393,624 |
(a)(b) |
| Hess Corp., Senior Notes |
|
|
5.600 |
% |
|
|
2/15/41 |
|
|
|
3,000,000 |
|
|
|
2,866,251 |
(b) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
2 |
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report |
|
|
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT† |
|
|
VALUE |
|
| Oil, Gas & Consumable Fuels - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Leviathan Bond Ltd., Senior Secured Notes |
|
|
6.500 |
% |
|
|
6/30/27 |
|
|
|
1,000,000 |
|
|
$ |
970,000 |
(c) |
| Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., Senior Notes |
|
|
6.000 |
% |
|
|
8/1/26 |
|
|
|
2,315,000 |
|
|
|
2,276,988 |
(a)(b) |
| New Fortress Energy Inc., Senior Secured Notes |
|
|
6.750 |
% |
|
|
9/15/25 |
|
|
|
445,000 |
|
|
|
424,300 |
(a)(b) |
| New Fortress Energy Inc., Senior Secured Notes |
|
|
6.500 |
% |
|
|
9/30/26 |
|
|
|
2,500,000 |
|
|
|
2,297,031 |
(a)(b) |
| Petroleos Mexicanos, Senior Notes |
|
|
5.350 |
% |
|
|
2/12/28 |
|
|
|
5,290,000 |
|
|
|
4,345,304 |
(b) |
| SierraCol Energy Andina LLC, Senior Notes |
|
|
6.000 |
% |
|
|
6/15/28 |
|
|
|
1,420,000 |
|
|
|
1,121,253 |
(a)(b) |
| Talos Production Inc., Secured Notes |
|
|
12.000 |
% |
|
|
1/15/26 |
|
|
|
1,375,000 |
|
|
|
1,439,955 |
(b) |
| Teine Energy Ltd., Senior Notes |
|
|
6.875 |
% |
|
|
4/15/29 |
|
|
|
4,000,000 |
|
|
|
3,700,280 |
(a)(b) |
| YPF SA, Senior Secured Notes |
|
|
9.000 |
% |
|
|
2/12/26 |
|
|
|
1,235,385 |
|
|
|
1,232,074 |
(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL ENERGY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,825,290 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FINANCIALS - 25.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Banks - 8.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Banco Santander SA, Junior Subordinated Notes (7.500% to 2/8/24 then USD 5 year ICE Swap Rate + 4.989%) |
|
|
7.500 |
% |
|
|
2/8/24 |
|
|
|
1,400,000 |
|
|
|
1,360,373 |
(c)(d)(e) |
| Bank of America Corp., Subordinated Notes |
|
|
7.750 |
% |
|
|
5/14/38 |
|
|
|
6,345,000 |
|
|
|
7,608,917 |
(b) |
| KeyBank NA, Senior Notes (SOFR + 0.340%) |
|
|
5.601 |
% |
|
|
1/3/24 |
|
|
|
2,350,000 |
|
|
|
2,325,063 |
(b)(e) |
| NatWest Group PLC, Junior Subordinated Notes (4.600% to 12/28/31 then 5 year Treasury Constant Maturity Rate +
3.100%) |
|
|
4.600 |
% |
|
|
6/28/31 |
|
|
|
1,840,000 |
|
|
|
1,311,709 |
(b)(d)(e) |
| Texas Capital Bancshares Inc., Subordinated Notes (4.000% to 5/6/26 then 5 year Treasury Constant Maturity Rate +
3.150%) |
|
|
4.000 |
% |
|
|
5/6/31 |
|
|
|
1,000,000 |
|
|
|
800,963 |
(b)(e) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,407,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital Markets - 8.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Blackstone Secured Lending Fund, Senior Notes |
|
|
3.625 |
% |
|
|
1/15/26 |
|
|
|
1,745,000 |
|
|
|
1,616,365 |
(b) |
| Blue Owl Capital Corp., Senior Notes |
|
|
4.000 |
% |
|
|
3/30/25 |
|
|
|
1,085,000 |
|
|
|
1,029,485 |
(b) |
| Blue Owl Technology Finance Corp., Senior Notes |
|
|
4.750 |
% |
|
|
12/15/25 |
|
|
|
3,385,000 |
|
|
|
3,124,993 |
(a)(b) |
| Goldman Sachs Group Inc., Subordinated Notes |
|
|
6.750 |
% |
|
|
10/1/37 |
|
|
|
7,000,000 |
|
|
|
7,592,720 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Capital Markets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,363,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly
Report |
|
3 |
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT† |
|
|
VALUE |
|
| Consumer Finance - 5.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Credit Acceptance Corp., Senior Notes |
|
|
6.625 |
% |
|
|
3/15/26 |
|
|
|
1,920,000 |
|
|
$ |
1,886,002 |
(b) |
| PRA Group Inc., Senior Notes |
|
|
5.000 |
% |
|
|
10/1/29 |
|
|
|
3,700,000 |
|
|
|
2,813,636 |
(a)(b) |
| World Acceptance Corp., Senior Notes |
|
|
7.000 |
% |
|
|
11/1/26 |
|
|
|
3,800,000 |
|
|
|
3,340,161 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consumer Finance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,039,799 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial Services - 4.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes |
|
|
3.000 |
% |
|
|
10/29/28 |
|
|
|
2,970,000 |
|
|
|
2,592,813 |
(b) |
| Enact Holdings Inc., Senior Notes |
|
|
6.500 |
% |
|
|
8/15/25 |
|
|
|
1,000,000 |
|
|
|
990,989 |
(a)(b) |
| Freedom Mortgage Corp., Senior Notes |
|
|
8.125 |
% |
|
|
11/15/24 |
|
|
|
3,000,000 |
|
|
|
2,986,975 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Financial Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,570,777 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL FINANCIALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
41,381,164 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| HEALTH CARE - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Health Care Providers & Services - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Select Medical Corp., Senior Notes |
|
|
6.250 |
% |
|
|
8/15/26 |
|
|
|
560,000 |
|
|
|
555,732 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| INDUSTRIALS - 8.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aerospace & Defense - 3.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Avolon Holdings Funding Ltd., Senior Notes |
|
|
6.375 |
% |
|
|
5/4/28 |
|
|
|
5,180,000 |
|
|
|
5,165,809 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Building Products - 1.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| IEA Energy Services LLC, Senior Notes |
|
|
6.625 |
% |
|
|
8/15/29 |
|
|
|
1,880,000 |
|
|
|
1,824,870 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial Services & Supplies - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deluxe Corp., Senior Notes |
|
|
8.000 |
% |
|
|
6/1/29 |
|
|
|
565,000 |
|
|
|
475,210 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction & Engineering - 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Par, Senior Secured Notes |
|
|
4.050 |
% |
|
|
4/27/26 |
|
|
|
300,000 |
|
|
|
264,898 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Marine Transportation - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Navios South American Logistics Inc./Navios Logistics Finance U.S. Inc., Senior Secured Notes |
|
|
10.750 |
% |
|
|
7/1/25 |
|
|
|
1,140,000 |
|
|
|
1,114,464 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Passenger Airlines - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Air Canada Pass-Through Trust |
|
|
5.250 |
% |
|
|
4/1/29 |
|
|
|
155,663 |
|
|
|
151,797 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Professional Services - 1.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Concentrix Corp., Senior Notes |
|
|
6.850 |
% |
|
|
8/15/30 |
|
|
|
2,700,000 |
|
|
|
2,611,895 |
(f) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trading Companies & Distributors - 1.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BOC Aviation USA Corp., Senior Notes |
|
|
4.875 |
% |
|
|
5/3/33 |
|
|
|
2,300,000 |
|
|
|
2,239,804 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL INDUSTRIALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,848,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
4 |
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report |
|
|
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT† |
|
|
VALUE |
|
| INFORMATION TECHNOLOGY - 5.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Communications Equipment - 3.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CommScope Inc., Senior Notes |
|
|
8.250 |
% |
|
|
3/1/27 |
|
|
|
1,350,000 |
|
|
$ |
1,023,482 |
(a)(b) |
| CommScope Inc., Senior Notes |
|
|
7.125 |
% |
|
|
7/1/28 |
|
|
|
495,000 |
|
|
|
327,245 |
(a)(b) |
| CommScope Inc., Senior Secured Notes |
|
|
6.000 |
% |
|
|
3/1/26 |
|
|
|
1,370,000 |
|
|
|
1,258,844 |
(a)(b) |
| Connect Finco SARL/Connect US Finco LLC, Senior Secured Notes |
|
|
6.750 |
% |
|
|
10/1/26 |
|
|
|
2,200,000 |
|
|
|
2,111,172 |
(a)(b) |
| Viasat Inc., Senior Secured Notes |
|
|
5.625 |
% |
|
|
4/15/27 |
|
|
|
1,300,000 |
|
|
|
1,172,502 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Communications Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,893,245 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| IT Services - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sabre GLBL Inc., Senior Secured Notes |
|
|
9.250 |
% |
|
|
4/15/25 |
|
|
|
628,000 |
|
|
|
589,491 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Semiconductors & Semiconductor Equipment - 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Synaptics Inc., Senior Notes |
|
|
4.000 |
% |
|
|
6/15/29 |
|
|
|
285,000 |
|
|
|
246,308 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Software - 0.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MicroStrategy Inc., Senior Secured Notes |
|
|
6.125 |
% |
|
|
6/15/28 |
|
|
|
1,410,000 |
|
|
|
1,263,733 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL INFORMATION TECHNOLOGY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,992,777 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MATERIALS - 5.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Chemicals - 0.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Braskem Idesa SAPI, Senior Secured Notes |
|
|
7.450 |
% |
|
|
11/15/29 |
|
|
|
1,340,000 |
|
|
|
921,723 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Metals & Mining - 4.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Alcoa Nederland Holding BV, Senior Notes |
|
|
4.125 |
% |
|
|
3/31/29 |
|
|
|
1,645,000 |
|
|
|
1,476,927 |
(a)(b) |
| First Quantum Minerals Ltd., Senior Notes |
|
|
6.875 |
% |
|
|
10/15/27 |
|
|
|
2,920,000 |
|
|
|
2,874,769 |
(a) |
| New Gold Inc., Senior Notes |
|
|
7.500 |
% |
|
|
7/15/27 |
|
|
|
100,000 |
|
|
|
95,704 |
(a)(b) |
| Taseko Mines Ltd., Senior Secured Notes |
|
|
7.000 |
% |
|
|
2/15/26 |
|
|
|
3,000,000 |
|
|
|
2,779,685 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Metals & Mining |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,227,085 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL MATERIALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,148,808 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REAL ESTATE - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hotel & Resort REITs - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| XHR LP, Senior Secured Notes |
|
|
4.875 |
% |
|
|
6/1/29 |
|
|
|
850,000 |
|
|
|
740,181 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real Estate Management & Development - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Realogy Group LLC/Realogy Co-Issuer Corp., Senior Notes |
|
|
5.750 |
% |
|
|
1/15/29 |
|
|
|
575,000 |
|
|
|
426,090 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL REAL ESTATE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,166,271 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| UTILITIES - 2.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Electric Utilities - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AES Panama Generation Holdings SRL, Senior Secured Notes |
|
|
4.375 |
% |
|
|
5/31/30 |
|
|
|
1,184,302 |
|
|
|
1,029,140 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gas Utilities - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AmeriGas Partners LP/AmeriGas Finance Corp., Senior Notes |
|
|
5.875 |
% |
|
|
8/20/26 |
|
|
|
625,000 |
|
|
|
589,857 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly
Report |
|
5 |
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT† |
|
|
VALUE |
|
| Water Utilities - 1.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Solaris Midstream Holdings LLC, Senior Notes |
|
|
7.625 |
% |
|
|
4/1/26 |
|
|
|
2,000,000 |
|
|
$ |
1,963,100 |
(a)(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL UTILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,582,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL CORPORATE BONDS & NOTES
(Cost - $150,161,025) |
|
|
|
|
|
|
|
144,132,612 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOVEREIGN BONDS - 54.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Brazil - 16.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Brazil Notas do Tesouro Nacional Serie F, Notes |
|
|
10.000 |
% |
|
|
1/1/27 |
|
|
|
55,800,000 |
BRL |
|
|
11,719,714 |
|
| Brazil Notas do Tesouro Nacional Serie F, Notes |
|
|
10.000 |
% |
|
|
1/1/31 |
|
|
|
70,715,000 |
BRL |
|
|
14,448,787 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Brazil |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,168,501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Colombia - 16.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Colombian TES, Bonds |
|
|
7.000 |
% |
|
|
3/26/31 |
|
|
|
43,770,000,000 |
COP |
|
|
9,374,848 |
|
| Colombian TES, Bonds |
|
|
7.250 |
% |
|
|
10/26/50 |
|
|
|
98,120,000,000 |
COP |
|
|
17,913,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Colombia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,288,604 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mexico - 13.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mexican Bonos, Bonds |
|
|
8.000 |
% |
|
|
11/7/47 |
|
|
|
170,400,000 |
MXN |
|
|
9,275,784 |
|
| Mexican Bonos, Bonds |
|
|
8.000 |
% |
|
|
7/31/53 |
|
|
|
146,000,000 |
MXN |
|
|
7,878,943 |
|
| Mexican Bonos, Senior Notes |
|
|
7.750 |
% |
|
|
11/13/42 |
|
|
|
94,100,000 |
MXN |
|
|
5,019,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Mexico |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,174,087 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| South Africa - 7.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Republic of South Africa Government Bond, Senior Notes |
|
|
8.750 |
% |
|
|
2/28/48 |
|
|
|
283,800,000 |
ZAR |
|
|
11,723,338 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL SOVEREIGN BONDS
(Cost - $86,824,536) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
87,354,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| COLLATERALIZED MORTGAGE OBLIGATIONS(g) - 19.9% |
|
|
|
|
|
|
|
|
|
| Banc of America Commercial Mortgage Trust, 2017-BNK3 XA, IO |
|
|
1.008 |
% |
|
|
2/15/50 |
|
|
|
38,615,628 |
|
|
|
1,088,602 |
(e) |
| BANK, 2017-BNK4 XA, IO |
|
|
1.339 |
% |
|
|
5/15/50 |
|
|
|
3,837,661 |
|
|
|
145,923 |
(e) |
| BBVA RMBS 2 FTA, 2007-2 C (3 mo. EURIBOR + 0.540%) |
|
|
4.087 |
% |
|
|
9/17/50 |
|
|
|
837,433 |
EUR |
|
|
839,075 |
(c)(e) |
| Bellemeade RE Ltd., 2020-2A M2 (1 mo. USD LIBOR + 6.000%) |
|
|
11.412 |
% |
|
|
8/26/30 |
|
|
|
1,169,992 |
|
|
|
1,189,845 |
(a)(e) |
| Bellemeade RE Ltd., 2020-3A M1C (1 mo. USD LIBOR + 3.700%) |
|
|
9.112 |
% |
|
|
10/25/30 |
|
|
|
724,299 |
|
|
|
732,565 |
(a)(e) |
| Eagle RE Ltd., 2021-2 M1B (30 Day Average SOFR + 2.050%) |
|
|
7.119 |
% |
|
|
4/25/34 |
|
|
|
2,500,000 |
|
|
|
2,511,759 |
(a)(e) |
| Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2020-DNA3 B1 (30 Day Average
SOFR + 5.214%) |
|
|
10.283 |
% |
|
|
6/25/50 |
|
|
|
1,451,327 |
|
|
|
1,561,402 |
(a)(e) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
6 |
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report |
|
|
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT† |
|
|
VALUE |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| COLLATERALIZED MORTGAGE OBLIGATIONS(g) - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2022-DNA2 M1B (30 Day Average
SOFR + 2.400%) |
|
|
7.469 |
% |
|
|
2/25/42 |
|
|
|
1,800,000 |
|
|
$ |
1,806,335 |
(a)(b)(e) |
| Federal Home Loan Mortgage Corp. (FHLMC) Structured Agency Credit Risk Debt Notes, 2018-DNA1 M2 (30 Day Average SOFR
+ 1.914%) |
|
|
6.983 |
% |
|
|
7/25/30 |
|
|
|
1,235,407 |
|
|
|
1,236,379 |
(e) |
| Federal Home Loan Mortgage Corp. (FHLMC) Structured Agency Credit Risk Debt Notes, 2018-HRP2 M3 (30 Day Average SOFR
+ 2.514%) |
|
|
7.583 |
% |
|
|
2/25/47 |
|
|
|
1,721,413 |
|
|
|
1,751,296 |
(a)(e) |
| Federal Home Loan Mortgage Corp. (FHLMC) Structured Agency Credit Risk Debt Notes, 2019-DNA2 M2 (30 Day Average SOFR
+ 2.564%) |
|
|
7.633 |
% |
|
|
3/25/49 |
|
|
|
935,395 |
|
|
|
940,693 |
(a)(e) |
| Federal National Mortgage Association (FNMA) - CAS, 2018-C01 1B1 (30 Day
Average SOFR + 3.664%) |
|
|
8.733 |
% |
|
|
7/25/30 |
|
|
|
1,200,000 |
|
|
|
1,264,376 |
(a)(b)(e) |
| Federal National Mortgage Association (FNMA) - CAS, 2018-C06 2B1 (30 Day
Average SOFR + 4.214%) |
|
|
9.283 |
% |
|
|
3/25/31 |
|
|
|
2,000,000 |
|
|
|
2,158,388 |
(b)(e) |
| Federal National Mortgage Association (FNMA) - CAS, 2019-R02 1B1 (30 Day
Average SOFR + 4.264%) |
|
|
9.333 |
% |
|
|
8/25/31 |
|
|
|
3,000,000 |
|
|
|
3,137,100 |
(a)(b)(e) |
| Federal National Mortgage Association (FNMA) - CAS, 2019-R05 1B1 (30 Day
Average SOFR + 4.214%) |
|
|
9.283 |
% |
|
|
7/25/39 |
|
|
|
181,272 |
|
|
|
185,732 |
(a)(b)(e) |
| Federal National Mortgage Association (FNMA) - CAS, 2020-R01 1B1 (30 Day
Average SOFR + 3.364%) |
|
|
8.433 |
% |
|
|
1/25/40 |
|
|
|
1,025,000 |
|
|
|
1,010,103 |
(a)(b)(e) |
| Federal National Mortgage Association (FNMA) - CAS, 2022-R03 1M2 (30 Day
Average SOFR + 3.500%) |
|
|
8.569 |
% |
|
|
3/25/42 |
|
|
|
1,200,000 |
|
|
|
1,242,141 |
(a)(b)(e) |
| FREMF Mortgage Trust, 2019-K102 C |
|
|
3.531 |
% |
|
|
12/25/51 |
|
|
|
2,580,000 |
|
|
|
2,258,099 |
(a)(e) |
| IM Pastor FTH, 3 B (3 mo. EURIBOR + 0.290%) |
|
|
3.877 |
% |
|
|
3/22/43 |
|
|
|
7,400,000 |
EUR |
|
|
4,206,337 |
(c)(e) |
| Oaktown RE VI Ltd., 2021-1A M1B (30 Day Average SOFR + 2.050%) |
|
|
7.119 |
% |
|
|
10/25/33 |
|
|
|
577,313 |
|
|
|
578,496 |
(a)(e) |
| RMAC Securities No 1 PLC, 2006-NS1X B1C (3 mo. EURIBOR + 0.880%) |
|
|
4.366 |
% |
|
|
6/12/44 |
|
|
|
1,305,146 |
EUR |
|
|
1,328,220 |
(c)(e) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly
Report |
|
7 |
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT† |
|
|
VALUE |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| COLLATERALIZED MORTGAGE OBLIGATIONS(g) - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Wells Fargo Commercial Mortgage Trust, 2019-C51 D |
|
|
3.000 |
% |
|
|
6/15/52 |
|
|
|
1,500,000 |
|
|
$ |
925,259 |
(a) |
| WF-RBS Commercial Mortgage Trust, 2013-C15 XA, IO |
|
|
0.171 |
% |
|
|
8/15/46 |
|
|
|
9,367,760 |
|
|
|
94 |
(e) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost - $33,541,415) |
|
|
|
|
|
|
|
32,098,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MORTGAGE-BACKED SECURITIES - 1.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FHLMC - 1.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Federal Home Loan Mortgage Corp. (FHLMC)
(Cost - $2,592,399) |
|
|
5.000 |
% |
|
|
9/1/52 |
|
|
|
2,603,120 |
|
|
|
2,546,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CONVERTIBLE BONDS & NOTES - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| COMMUNICATION SERVICES - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Media - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DISH Network Corp., Senior Notes
(Cost - $2,918,579) |
|
|
3.375 |
% |
|
|
8/15/26 |
|
|
|
3,070,000 |
|
|
|
1,717,665 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SENIOR LOANS - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CONSUMER DISCRETIONARY - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Automobile Components - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| First Brands Group LLC, 2022 Incremental Term Loan (3 mo. Term SOFR + 5.000%)
(Cost - $956,334) |
|
|
10.881 |
% |
|
|
3/30/27 |
|
|
|
992,506 |
|
|
|
982,586 |
(e)(h)(i) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS
(Cost - $276,994,288) |
|
|
|
268,831,836 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
SHARES |
|
|
|
|
| SHORT-TERM INVESTMENTS - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares
(Cost - $2,099,800) |
|
|
5.183 |
% |
|
|
|
|
|
|
2,099,800 |
|
|
|
2,099,800 |
(j)(k) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL INVESTMENTS - 167.7%
(Cost - $279,094,088) |
|
|
|
|
|
|
|
|
|
|
|
270,931,636 |
|
| Liabilities in Excess of Other Assets - (67.7)% |
|
|
|
|
|
|
|
|
|
|
|
(109,383,140 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS - 100.0% |
|
|
|
|
|
|
$ |
161,548,496 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
8 |
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report |
|
|
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
| † |
Face amount denominated in U.S. dollars, unless otherwise noted. |
| (a) |
Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold
in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors. |
| (b) |
All or a portion of this security is pledged as collateral pursuant to the loan agreement.
|
| (c) |
Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to
securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors. |
| (d) |
Security has no maturity date. The date shown represents the next call date. |
| (e) |
Variable rate security. Interest rate disclosed is as of the most recent information available. Certain
variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description
above. |
| (f) |
Securities traded on a when-issued or delayed delivery basis. |
| (g) |
Collateralized mortgage obligations are secured by an underlying pool of mortgages or mortgage pass-through
certificates that are structured to direct payments on underlying collateral to different series or classes of the obligations. The interest rate may change positively or inversely in relation to one or more interest rates, financial indices or
other financial indicators and may be subject to an upper and/or lower limit. |
| (h) |
Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are
attributable to multiple contracts under the same loan. |
| (i) |
Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive
approval from the agent bank and/or borrower prior to the disposition of a senior loan. |
| (j) |
Rate shown is one-day yield as of the end of the reporting period.
|
| (k) |
In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company”
represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At July 31, 2023, the total market value of investments in Affiliated Companies
was $2,099,800 and the cost was $2,099,800 (Note 2). |
|
|
|
| Abbreviation(s) used in this schedule: |
|
|
| BRL |
|
— Brazilian Real |
| CAS |
|
— Connecticut Avenue Securities |
| COP |
|
— Colombian Peso |
| EUR |
|
— Euro |
| EURIBOR |
|
— Euro Interbank Offered Rate |
| ICE |
|
— Intercontinental Exchange |
| IO |
|
— Interest Only |
| LIBOR |
|
— London Interbank Offered Rate |
| MXN |
|
— Mexican Peso |
| REMIC |
|
— Real Estate Mortgage Investment Conduit |
| SOFR |
|
— Secured Overnight Financing Rate |
| USD |
|
— United States Dollar |
| ZAR |
|
— South African Rand |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly
Report |
|
9 |
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
At
July 31, 2023, the Fund had the following open futures contracts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Number of
Contracts |
|
|
Expiration
Date |
|
|
Notional
Amount |
|
|
Market
Value |
|
|
Unrealized
Appreciation
(Depreciation) |
|
| Contracts to Buy: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury 5-Year Notes |
|
|
310 |
|
|
|
9/23 |
|
|
$ |
32,985,361 |
|
|
$ |
33,114,296 |
|
|
$ |
128,935 |
|
| U.S. Treasury 10-Year Notes |
|
|
170 |
|
|
|
9/23 |
|
|
|
19,325,444 |
|
|
|
18,939,063 |
|
|
|
(386,381 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(257,446 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Contracts to Sell: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| E-mini Nasdaq 100 Index |
|
|
35 |
|
|
|
9/23 |
|
|
|
10,823,704 |
|
|
|
11,100,250 |
|
|
|
(276,546 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net unrealized depreciation on open futures contracts |
|
|
|
|
|
|
|
|
|
|
$ |
(533,992 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At July 31, 2023, the Fund had the following open forward foreign currency contracts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency
Purchased |
|
|
Currency
Sold |
|
|
Counterparty |
|
Settlement
Date |
|
|
Unrealized
Appreciation
(Depreciation) |
|
| EUR |
|
|
1,190,000 |
|
|
|
USD |
|
|
|
1,319,043 |
|
|
HSBC Securities Inc. |
|
|
8/4/23 |
|
|
$ |
(10,390 |
) |
| EUR |
|
|
4,440,000 |
|
|
|
USD |
|
|
|
4,888,280 |
|
|
JPMorgan Chase & Co. |
|
|
8/4/23 |
|
|
|
(5,572 |
) |
| EUR |
|
|
8,000,000 |
|
|
|
USD |
|
|
|
8,807,712 |
|
|
JPMorgan Chase & Co. |
|
|
8/4/23 |
|
|
|
(10,039 |
) |
| USD |
|
|
21,468,798 |
|
|
|
EUR |
|
|
|
19,500,000 |
|
|
JPMorgan Chase & Co. |
|
|
8/4/23 |
|
|
|
24,470 |
|
| EUR |
|
|
19,500,000 |
|
|
|
USD |
|
|
|
21,585,108 |
|
|
Morgan Stanley & Co. Inc. |
|
|
8/4/23 |
|
|
|
(140,780 |
) |
| USD |
|
|
6,232,008 |
|
|
|
EUR |
|
|
|
5,630,000 |
|
|
Morgan Stanley & Co. Inc. |
|
|
8/4/23 |
|
|
|
40,646 |
|
| USD |
|
|
8,855,429 |
|
|
|
EUR |
|
|
|
8,000,000 |
|
|
Morgan Stanley & Co. Inc. |
|
|
8/4/23 |
|
|
|
57,756 |
|
| USD |
|
|
5,832,358 |
|
|
|
ZAR |
|
|
|
108,700,000 |
|
|
Barclays Bank PLC |
|
|
8/15/23 |
|
|
|
(236,693 |
) |
| USD |
|
|
12,507,205 |
|
|
|
ZAR |
|
|
|
249,000,000 |
|
|
Citibank N.A. |
|
|
8/15/23 |
|
|
|
(1,395,221 |
) |
| ZAR |
|
|
49,400,000 |
|
|
|
USD |
|
|
|
2,621,828 |
|
|
Citibank N.A. |
|
|
8/15/23 |
|
|
|
136,325 |
|
| ZAR |
|
|
101,900,000 |
|
|
|
USD |
|
|
|
5,251,846 |
|
|
HSBC Securities Inc. |
|
|
8/15/23 |
|
|
|
437,540 |
|
| ZAR |
|
|
144,800,000 |
|
|
|
USD |
|
|
|
7,936,812 |
|
|
Morgan Stanley & Co. Inc. |
|
|
8/15/23 |
|
|
|
147,811 |
|
| AUD |
|
|
11,760,000 |
|
|
|
USD |
|
|
|
7,747,900 |
|
|
JPMorgan Chase & Co. |
|
|
8/31/23 |
|
|
|
160,512 |
|
| NOK |
|
|
80,600,000 |
|
|
|
USD |
|
|
|
7,986,376 |
|
|
UBS Securities LLC |
|
|
9/29/23 |
|
|
|
(18,965 |
) |
| USD |
|
|
11,032,247 |
|
|
|
BRL |
|
|
|
53,780,000 |
|
|
HSBC Securities Inc. |
|
|
10/19/23 |
|
|
|
(192,301 |
) |
| USD |
|
|
13,842,714 |
|
|
|
MXN |
|
|
|
236,500,000 |
|
|
Citibank N.A. |
|
|
10/27/23 |
|
|
|
(52,489 |
) |
| USD |
|
|
8,510,065 |
|
|
|
COP |
|
|
|
34,750,000,000 |
|
|
JPMorgan Chase & Co. |
|
|
10/30/23 |
|
|
|
(138,177 |
) |
| EUR |
|
|
20,580,000 |
|
|
|
USD |
|
|
|
22,766,934 |
|
|
JPMorgan Chase & Co. |
|
|
11/7/23 |
|
|
|
(28,705 |
) |
| USD |
|
|
5,088,819 |
|
|
|
EUR |
|
|
|
4,600,000 |
|
|
JPMorgan Chase & Co. |
|
|
11/7/23 |
|
|
|
6,416 |
|
| USD |
|
|
9,370,064 |
|
|
|
EUR |
|
|
|
8,470,000 |
|
|
JPMorgan Chase & Co. |
|
|
11/7/23 |
|
|
|
11,814 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net unrealized depreciation on open forward foreign currency contracts |
|
|
|
|
|
$ |
(1,206,042 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
10 |
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report |
|
|
BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.
|
|
|
| Schedule of investments (unaudited) (cont’d) |
|
July 31, 2023 |
Abbreviation(s) used in this table:
|
|
|
|
|
| AUD |
|
— |
|
Australian Dollar |
| BRL |
|
— |
|
Brazilian Real |
| COP |
|
— |
|
Colombian Peso |
| EUR |
|
— |
|
Euro |
| MXN |
|
— |
|
Mexican Peso |
| NOK |
|
— |
|
Norwegian Krone |
| USD |
|
— |
|
United States Dollar |
| ZAR |
|
— |
|
South African Rand |
At July 31, 2023, the Fund had the following open swap contracts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OTC CREDIT DEFAULT SWAPS ON CORPORATE
ISSUES - SELL PROTECTION1 |
|
| SWAP COUNTERPARTY
(REFERENCE ENTITY) |
|
NOTIONAL
AMOUNT2 |
|
|
TERMINATION
DATE |
|
|
IMPLIED
CREDIT
SPREAD AT
JULY 31,
20233 |
|
PERIODIC
PAYMENTS
RECEIVED BY
THE FUND† |
|
MARKET
VALUE |
|
|
UPFRONT
PREMIUMS PAID
(RECEIVED) |
|
|
UNREALIZED
DEPRECIATION |
|
| Morgan Stanley & Co. Inc. (Lumen Technologies Inc., 7.500%, due 4/1/24) |
|
$ |
1,625,000 |
|
|
|
6/20/25 |
|
|
32.763% |
|
1.000% quarterly |
|
$ |
(659,596 |
) |
|
$ |
(64,357 |
) |
|
$ |
(595,239 |
) |
| 1 |
If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular
swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay
a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| 2 |
The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a
buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| 3 |
Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate
or sovereign issues as of period end, serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity
reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood
or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation. |
| † |
Percentage shown is an annual percentage rate. |
This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the date of the schedule. Other
information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly
Report |
|
11 |
Notes to Schedule of Investments (unaudited)
1. Organization and significant accounting policies
BrandywineGLOBAL — Global Income Opportunities Fund Inc. (the “Fund”) was incorporated in Maryland on October 27, 2010 and is registered as
a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund’s primary
investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurance the Fund will achieve its investment objectives. The Fund seeks to achieve its investment
objectives by investing, under normal market conditions, at least 80% of its assets in global fixed income securities.
The Fund follows the accounting
and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies (“ASC 946”). The following are significant accounting
policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”), including, but not limited to, ASC 946.
(a) Investment valuation. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal,
mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer
quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads,
default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued
daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary
market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party
pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at
the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been
significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures
approved by the Fund’s Board of Directors.
Notes to Schedule of Investments (unaudited) (cont’d)
Pursuant to policies adopted by the Board of Directors, the Fund’s manager has been
designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund’s manager is assisted by the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee is
responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Fund’s manager and the Board of Directors. When determining the reliability of third party pricing
information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible
methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or
fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the
issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions;
information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable
companies; and the existence of a shelf registration for restricted securities.
For each portfolio security that has been fair valued pursuant to the
policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are
reported to the Board of Directors quarterly.
The Fund uses valuation techniques to measure fair value that are consistent with the market approach
and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income
approach uses valuation techniques to discount estimated future cash flows to present value.
Notes to Schedule of Investments (unaudited) (cont’d)
GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation
techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
| |
• |
|
Level 1 – unadjusted quoted prices in active markets for identical investments |
| |
• |
|
Level 2 – other significant observable inputs (including quoted prices for similar investments,
interest rates, prepayment speeds, credit risk, etc.) |
| |
• |
|
Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the
fair value of investments) |
The inputs or methodologies used to value securities are not necessarily an indication of the risk
associated with investing in those securities.
The following is a summary of the inputs used in valuing the Fund’s assets and liabilities carried at
fair value:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ASSETS |
|
| DESCRIPTION |
|
QUOTED PRICES
(LEVEL 1) |
|
|
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2) |
|
|
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL 3) |
|
|
TOTAL |
|
| Long-Term Investments†: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate Bonds & Notes |
|
|
— |
|
|
$ |
144,132,612 |
|
|
|
— |
|
|
$ |
144,132,612 |
|
| Sovereign Bonds |
|
|
— |
|
|
|
87,354,530 |
|
|
|
— |
|
|
|
87,354,530 |
|
| Collateralized Mortgage Obligations |
|
|
— |
|
|
|
32,098,219 |
|
|
|
— |
|
|
|
32,098,219 |
|
| Mortgage-Backed Securities |
|
|
— |
|
|
|
2,546,224 |
|
|
|
— |
|
|
|
2,546,224 |
|
| Convertible Bonds & Notes |
|
|
— |
|
|
|
1,717,665 |
|
|
|
— |
|
|
|
1,717,665 |
|
| Senior Loans |
|
|
— |
|
|
|
982,586 |
|
|
|
— |
|
|
|
982,586 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Long-Term Investments |
|
|
— |
|
|
|
268,831,836 |
|
|
|
— |
|
|
|
268,831,836 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments† |
|
$ |
2,099,800 |
|
|
|
— |
|
|
|
— |
|
|
|
2,099,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments |
|
$ |
2,099,800 |
|
|
$ |
268,831,836 |
|
|
|
— |
|
|
$ |
270,931,636 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Financial Instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures Contracts†† |
|
$ |
128,935 |
|
|
|
— |
|
|
|
— |
|
|
$ |
128,935 |
|
| Forward Foreign Currency Contracts†† |
|
|
— |
|
|
$ |
1,023,290 |
|
|
|
— |
|
|
|
1,023,290 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Other Financial Instruments |
|
$ |
128,935 |
|
|
$ |
1,023,290 |
|
|
|
— |
|
|
$ |
1,152,225 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
$ |
2,228,735 |
|
|
$ |
269,855,126 |
|
|
|
— |
|
|
$ |
272,083,861 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments (unaudited) (cont’d)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES |
|
| DESCRIPTION |
|
QUOTED PRICES
(LEVEL 1) |
|
|
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2) |
|
|
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL 3) |
|
|
TOTAL |
|
| Other Financial Instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures Contracts†† |
|
$ |
662,927 |
|
|
|
— |
|
|
|
— |
|
|
$ |
662,927 |
|
| Forward Foreign Currency Contracts†† |
|
|
— |
|
|
$ |
2,229,332 |
|
|
|
— |
|
|
|
2,229,332 |
|
| OTC Credit Default Swaps on Corporate Issues - Sell Protection‡ |
|
|
— |
|
|
|
659,596 |
|
|
|
— |
|
|
|
659,596 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
$ |
662,927 |
|
|
$ |
2,888,928 |
|
|
|
— |
|
|
$ |
3,551,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| † |
See Schedule of Investments for additional detailed categorizations. |
| †† |
Reflects the unrealized appreciation (depreciation) of the instruments. |
| ‡ |
Value includes any premium paid or received with respect to swap contracts. |
2. Transactions with affiliated company
As defined by
the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for
all or some portion of the period ended July 31, 2023. The following transactions were effected in such company for the period ended July 31, 2023.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Affiliate
Value at
October 31,
2022 |
|
|
Purchased |
|
|
Sold |
|
|
Realized
Gain (Loss) |
|
|
Dividend
Income |
|
|
Net Increase
(Decrease) in
Unrealized
Appreciation
(Depreciation) |
|
|
Affiliate
Value at
July 31,
2023 |
|
| |
|
Cost |
|
|
Shares |
|
|
Proceeds |
|
|
Shares |
|
| Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares |
|
$ |
7,472,789 |
|
|
$ |
85,177,205 |
|
|
|
85,177,205 |
|
|
$ |
90,550,194 |
|
|
|
90,550,194 |
|
|
|
— |
|
|
$ |
174,108 |
|
|
|
— |
|
|
$ |
2,099,800 |
|
BrandywineGlobal Global ... (NYSE:BWG)
過去 株価チャート
から 5 2024 まで 6 2024
BrandywineGlobal Global ... (NYSE:BWG)
過去 株価チャート
から 6 2023 まで 6 2024
