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Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Dodge & Cox Balanced Fund

DODBX | Fund

$108.31

$14.9 B

2.49%

$2.69

0.52%

Vitals

YTD Return

10.5%

1 yr return

18.9%

3 Yr Avg Return

5.2%

5 Yr Avg Return

9.2%

Net Assets

$14.9 B

Holdings in Top 10

16.3%

52 WEEK LOW AND HIGH

$108.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.52%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Dodge & Cox Balanced Fund

DODBX | Fund

$108.31

$14.9 B

2.49%

$2.69

0.52%

DODBX - Profile

Distributions

  • YTD Total Return 10.5%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 9.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Dodge & Cox Balanced Fund
  • Fund Family Name
    Dodge & Cox
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Hoeft

Fund Description

The Fund invests in a diversified portfolio of equity securities and debt securities. Under normal circumstances no less than 25% and no more than 75% of the Fund’s total assets will be invested in equity securities and no less than 25% of the Fund’s total assets will be invested in fixed income investments. The Fund may invest up to 30% of its total assets in equity or debt securities of non-U.S. issuers that are not in the S&P 500 Index, provided that no more than 10% of the Fund’s total assets may be invested in non-U.S. dollar-denominated securities. Such exposure to non-U.S. issuers may include investments in emerging market issuers. Asset allocation between equity and debt securities is based on Dodge & Cox’s assessment of the potential risks and returns for each asset class over a three- to five-year horizon. Factors used to estimate the range of potential returns include: future earnings growth, the outlook for the economy, inflation and interest rate trends, and current valuations relative to historical ranges.
Equity securities in which the Fund may invest include common stocks, depositary receipts evidencing ownership of common stocks, certain preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks (e.g., rights and warrants). The Fund’s equity investments are typically in medium-to-large well-established companies based on standards of the applicable market. In selecting equity investments, the Fund typically invests in companies that, in Dodge & Cox’s opinion, appear to be temporarily undervalued by the stock market but have a favorable outlook for long-term growth. The Fund focuses on the underlying financial condition and prospects of individual companies, including future earnings, cash flow, and dividends. Various other factors, including financial strength, economic condition, competitive advantage, quality of the
business franchise, financially material environmental, social, and governance (ESG) issues, and the reputation, experience, and competence of a company’s management are weighed against valuation in selecting individual securities. The Fund also considers the economic and political stability of the country where the issuer is located and the protections provided to shareholders.
Fixed income investments in which the Fund may invest include government and government-related obligations, mortgage- and asset-backed securities, corporate and municipal bonds, collateralized mortgage obligations, and may include other fixed and floating rate instruments, including certain preferred stocks, and cash equivalents such as short-term debt securities. The proportion of Fund assets invested in various classes of fixed income investments is determined based on Dodge & Cox’s appraisal of the economy, the relative yields of investments in the various market sectors, the investment prospects for issuers, and other factors. In selecting debt securities, Dodge & Cox considers many factors, including yield, credit quality, liquidity, covenants, call risk, duration, structure, and capital appreciation potential, as well as financially material ESG issues. A maximum of 10% of the Fund’s total assets may be invested in debt securities rated below investment grade, commonly referred to as high-yield or “junk” bonds; provided no more than 5% of the Fund’s total assets may be invested in securities rated below B3 or B- by Moody’s, S&P, or Fitch. “Investment-grade” means (i) securities rated Baa3 or higher by Moody’s Investors Service (“Moody’s”), or BBB- or higher by Standard & Poor’s Global Ratings (“S&P”) or Fitch Ratings (“Fitch”), or equivalently rated by any nationally recognized statistical rating organization (“NRSRO”), or (ii) unrated securities if deemed to be of investment-grade quality by Dodge & Cox.
The Fund invests in hybrid securities, including preferred stock, which may be classified as equity or debt depending on the specific structure and features of each security.
The Fund may use equity options or total return swaps referencing single stocks or stock indices to create or hedge equity exposure. The Fund may also use futures referencing stock indices to create broad equity market exposure, or to hedge against a general downturn in the equity markets. The Fund may also invest in interest rate derivatives, such as U.S. Treasury futures, for a variety of purposes, including, but not limited to, managing the Fund’s duration or adjusting the Fund’s exposure to debt securities with different maturities. The Fund may enter into currency forward contracts, currency swaps, or currency futures contracts to hedge direct and/or indirect currency exposure or currency risk.
Read More

DODBX - Performance

Return Ranking - Trailing

Period DODBX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.5% -3.2% 57.3% 49.78%
1 Yr 18.9% -2.8% 64.3% 56.87%
3 Yr 5.2%* -5.5% 13.7% 5.63%
5 Yr 9.2%* -3.3% 19.4% 10.72%
10 Yr 8.3%* 0.9% 11.9% 9.87%

* Annualized

Return Ranking - Calendar

Period DODBX Return Category Return Low Category Return High Rank in Category (%)
2023 8.4% -12.2% 23.9% 65.80%
2022 -14.7% -34.7% 2.8% 17.45%
2021 7.5% -11.9% 18.1% 36.27%
2020 0.2% -20.9% 39.7% 90.95%
2019 8.9% 0.8% 25.7% 93.14%

Total Return Ranking - Trailing

Period DODBX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.5% -3.2% 57.3% 49.78%
1 Yr 18.9% -2.8% 64.3% 56.87%
3 Yr 5.2%* -5.5% 13.7% 5.63%
5 Yr 9.2%* -3.3% 19.4% 10.72%
10 Yr 8.3%* 0.9% 11.9% 9.87%

* Annualized

Total Return Ranking - Calendar

Period DODBX Return Category Return Low Category Return High Rank in Category (%)
2023 13.8% -12.2% 26.8% 48.20%
2022 -7.3% -29.0% 10.9% 7.48%
2021 19.3% -3.0% 27.3% 1.97%
2020 7.9% -19.5% 40.6% 80.79%
2019 19.6% 2.2% 32.7% 49.67%

NAV & Total Return History

DODBX - Holdings

Concentration Analysis

DODBX Category Low Category High DODBX % Rank
Net Assets 14.9 B 789 K 230 B 6.88%
Number of Holdings 486 2 16015 24.53%
Net Assets in Top 10 2.32 B 577 K 69.8 B 21.79%
Weighting of Top 10 16.31% 10.8% 122.7% 96.54%

Top 10 Holdings

  1. Fiserv, Inc. 2.35%
  2. The Charles Schwab Corp. 2.09%
  3. Wells Fargo Co. 1.82%
  4. Alphabet, Inc., Class C 1.64%
  5. Occidental Petroleum Corp. 1.48%
  6. CVS Health Corp. 1.43%
  7. The Bank of New York Mellon Corp. 1.40%
  8. RTX Corp. 1.37%
  9. Sanofi SA ADR 1.37%
  10. GSK PLC ADR 1.35%

Asset Allocation

Weighting Return Low Return High DODBX % Rank
Stocks 		61.97% 0.00% 100.16% 67.68%
Bonds 		33.38% 0.00% 74.58% 24.53%
Other 		3.40% -42.55% 113.97% 8.95%
Cash 		1.24% -7.92% 100.00% 53.68%
Convertible Bonds 		0.46% 0.00% 23.84% 53.05%
Preferred Stocks 		0.00% 0.00% 23.91% 42.28%

Stock Sector Breakdown

Weighting Return Low Return High DODBX % Rank
Financial Services 		22.68% 0.00% 38.77% 3.35%
Healthcare 		21.59% 0.00% 29.35% 3.94%
Technology 		17.47% 0.00% 44.21% 63.12%
Communication Services 		14.96% 0.00% 38.10% 2.48%
Energy 		9.24% 0.00% 85.65% 8.60%
Industrials 		6.86% 0.00% 24.37% 92.42%
Consumer Cyclical 		3.54% 0.00% 19.36% 91.84%
Consumer Defense 		3.04% 0.00% 15.14% 88.92%
Basic Materials 		0.60% 0.00% 33.35% 94.75%
Real Estate 		0.02% 0.00% 65.01% 95.19%
Utilities 		0.00% 0.00% 99.55% 93.88%

Stock Geographic Breakdown

Weighting Return Low Return High DODBX % Rank
US 		60.22% 0.00% 100.16% 68.54%
Non US 		1.75% 0.00% 39.06% 23.23%

Bond Sector Breakdown

Weighting Return Low Return High DODBX % Rank
Securitized 		33.19% 0.00% 92.13% 10.90%
Corporate 		31.92% 0.00% 98.21% 43.75%
Government 		14.20% 0.00% 97.26% 78.63%
Municipal 		1.17% 0.00% 24.80% 12.94%
Cash & Equivalents 		0.60% 0.00% 99.92% 60.89%
Derivative 		0.41% -2.87% 42.43% 2.74%

Bond Geographic Breakdown

Weighting Return Low Return High DODBX % Rank
US 		32.76% 0.00% 74.58% 25.11%
Non US 		0.62% 0.00% 15.37% 5.92%

DODBX - Expenses

Operational Fees

DODBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.03% 17.63% 88.95%
Management Fee 0.50% 0.00% 1.83% 55.01%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.83% 47.59%

Sales Fees

DODBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DODBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DODBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 0.00% 343.00% 61.94%

DODBX - Distributions

Dividend Yield Analysis

DODBX Category Low Category High DODBX % Rank
Dividend Yield 2.49% 0.00% 17.90% 13.61%

Dividend Distribution Analysis

DODBX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

DODBX Category Low Category High DODBX % Rank
Net Income Ratio 1.51% -2.34% 19.41% 30.40%

Capital Gain Distribution Analysis

DODBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

DODBX - Fund Manager Analysis

Managers

David Hoeft

Start Date

Tenure

Tenure Rank

Jan 01, 2002

20.42

20.4%

He joined Dodge & Cox in 1993. He is a Director and shareholder of the firm and a CFA charterholder. Prior to entering graduate school, he worked for two years as a consultant to the energy industry. Mr. Hoeft received his B.A. degree (Phi Beta Kappa) from the University of Chicago in 1989 and his M.B.A. from the Harvard Business School in 1993.

Lucinda Johns

Start Date

Tenure

Tenure Rank

Mar 30, 2012

10.18

10.2%

Vice President and Associate Director of Fixed Income. Ms. Johns received her B.A. degree (magna cum laude) from Williams College in 1996 and her M.B.A. degree from the University of California, Los Angeles Anderson School of Management in 2004. Prior to graduate school, she worked for approximately two years each at Merrill Lynch as a financial analyst, Dodge & Cox as a research assistant, and NBC Internet as a Senior Product Manager. Ms. Johns rejoined Dodge & Cox in 2004. She is a shareholder of the firm and a CFA charterholder.

Philippe Barret

Start Date

Tenure

Tenure Rank

Feb 28, 2013

9.26

9.3%

Philippe Barret, Jr., Vice President — Mr. Barret received his B.A. degree (magna cum laude) from Washington and Lee University in 1998 and his M.B.A. degree from the Stanford Graduate School of Business in 2004. Between degrees, he worked as financial analyst at JP Morgan and American Securities Capital Partners, LLC. Mr. Barret joined Dodge & Cox in 2004. He is a shareholder of the firm and holds the CFA® designation.

Benjamin Garosi

Start Date

Tenure

Tenure Rank

Jan 31, 2019

3.33

3.3%

Mr. Garosi received his B.A. degree (Phi Beta Kappa) in Economics from the University of California, Berkeley in 2002 and his M.B.A. degree from the Harvard Business School in 2009. Prior to graduate school, he worked as a private equity associate at Blum Capital Partners and as an analyst in investment banking at Goldman Sachs. Mr. Garosi joined Dodge & Cox in 2009. Mr. Garosi is a CFA charterholder.

Matthew Schefer

Start Date

Tenure

Tenure Rank

May 01, 2022

0.08

0.1%

Mr. Schefer received his B.S. (Phi Beta Kappa) in Mathematics from Stanford University in 2006. Prior to joining Dodge & Cox in 2008, he worked at Citi in the fixed income and foreign exchange divisions. Mr. Schefer is a CFA charterholder and shareholder of the firm.

Robert Turley

Start Date

Tenure

Tenure Rank

May 01, 2022

0.08

0.1%

Mr. Turley received his B.A. degree (magna cum laude) in Mathematics and Economics from Brigham Young University in 2003, his M.B.A. degree from the NYU Stern School of Business in 2008, and his A.M. and Ph.D. degrees in Business Economics from Harvard in 2011 and 2013. Prior to his doctoral studies, he worked as a member of the Quantitative Investment Strategies team at Goldman Sachs. Mr. Turley joined Dodge & Cox in 2013. He is a CFA charterholder.

Thomas Powers

Start Date

Tenure

Tenure Rank

May 01, 2022

0.08

0.1%

Mr. Powers received his B.S. degree in Applied Mathematics from Yale University in 2009 and a Ph.D. in Business Economics from Harvard University in 2016. Between degrees, he worked as an analyst at Goldman Sachs Asset Management for two years. Mr. Powers joined Dodge & Cox in 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.36 2.41

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