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DODIX Dodge & Cox Income

  • Fund
  • DODIX
  • Price as of: Aug 08, 2016
  • $13.85
  • + $0.02
  • + 0.15%
  • Category
  • Total Bond Market

DODIX - Profile

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $46.1 B
  • Holdings in Top 10 10.7%

52 WEEK LOW AND HIGH

$13.85
$13.18
$13.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.43%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.97%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Dodge & Cox Income Fund
  • Fund Family Name Dodge & Cox
  • Inception Date Jan 03, 1989
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Anthony J. Brekke

Fund Description

The Dodge & Cox Income Fund (DODIX) is a fixed-income fund that is actively managed. DODIX looks to provide a high level of current income by investing in a variety of high-quality bonds and debt issues. These include treasuries, mortgage-backed securities, corporate bonds and municipal bonds. DODIX can also invest in floating-rate bonds and hold up to 20% of its portfolio in noninvestment-grade bonds.

Ultimately, DODIX is a low-cost option for investors seeking a core bond holding for their portfolio. The fund is internally managed by Dodge & Cox’s standard investment committee process.

DODIX - Performance

Return Ranking - Trailing

Period DODIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.2% -29.9% 209.8% 21.21% 2
1 Yr 5.2% -15.9% 20.3% 24.94% 2
3 Yr 4.2% * -6.4% 10.4% 19.14% 1
5 Yr 4.0% * -3.4% 9.0% 20.24% 2
10 Yr 5.5% * -1.1% 10.2% 16.76% 1

* Annualized


Return Ranking - Calendar

Period DODIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.6% -51.0% 6.6% 47.55% 4
2014 1.8% -0.4% 2.9% 22.22% 2
2013 -2.4% -4.9% -0.8% 33.33% 2
2012 4.2% 0.8% 13.9% 22.22% 1
2011 0.5% -1.7% 3.8% 22.22% 2

Total Return Ranking - Trailing

Period DODIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.2% -8.1% 209.8% 21.61% 2
1 Yr 5.2% -19.0% 20.3% 20.09% 2
3 Yr 4.2% * -7.1% 10.4% 17.24% 1
5 Yr 4.0% * -4.3% 9.0% 18.40% 1
10 Yr 5.5% * -1.1% 10.2% 15.85% 1

* Annualized


Total Return Ranking - Calendar

Period DODIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.6% -51.0% 6.6% 47.60% 4
2014 4.5% -0.3% 4.5% 11.11% 1
2013 0.6% -4.6% 0.6% 11.11% 1
2012 9.9% 1.4% 15.7% 22.22% 1
2011 5.5% -0.9% 5.5% 11.11% 1

NAV & Total Return History

DODIX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

DODIX Category Low Category High DODIX % Rank Quintile
Net Assets 46.1 B 319 K 169 B 0.51% 1
Number of Holdings 978 1 17404 5.09% 1
Net Assets in Top 10 4.86 B -36 B 21.5 B 1.02% 1
Weighting of Top 10 10.7% 0.0% 1826.2% 27.37% 5

Top 10 Holdings

  1. US Treasury Note 1.625% 1.35%
  2. Rio Oil Fin Tr 144A 6.25% 1.14%
  3. US Treasury Note 1.625% 1.13%
  4. US Treasury Note 1.5% 1.11%
  5. US Treasury Note 0.75% 1.10%
  6. Imperial Tobacco Fin 144A 4.25% 0.92%
  7. FHLMC FRN 0.86%
  8. Bnp Paribas Us Mtn 4.25% 0.86%
  9. Citigroup Cap Xiii Pfd 0.87%
  10. Verizon Comms 6.55% 1.32%

Asset Allocation

Weighting Category Low Category High DODIX % Rank Quintile
Bonds
95.93% -175.98% 181.87% 6.05% 2
Cash
2.99% -82.73% 275.92% 23.30% 4
Preferred Stocks
1.03% -0.07% 17.65% 4.02% 1
Other
0.05% -15.97% 117.15% 12.97% 4
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 5
Stocks
0.00% -5.60% 98.06% 5.39% 5

Bond Sector Breakdown

Weighting Category Low Category High DODIX % Rank Quintile
Corporate
48.16% 0.00% 502.59% 6.87% 2
Securitized
35.99% 0.00% 275.57% 10.78% 2
Government
8.80% -990.83% 129.84% 21.31% 4
Municipal
3.85% 0.00% 106.20% 3.51% 1
Cash & Equivalents
2.99% -63.55% 811.66% 24.01% 5
Derivative
0.00% -895.14% 18.41% 2.14% 4

Bond Geographic Breakdown

Weighting Category Low Category High DODIX % Rank Quintile
US
79.98% -513.97% 163.91% 12.61% 3
Non US
15.95% -5.42% 399.20% 9.61% 2

DODIX - Expenses

Operational Fees

DODIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.43% 0.00% 42.51% 12.57% 1
Management Fee 0.40% 0.00% 2.15% 3.00% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.08% 0.00% 0.63% 2.78% 2

Sales Fees

DODIX Fees (% of AUM) Category Low Category High DODIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

DODIX Fees (% of AUM) Category Low Category High DODIX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

DODIX Fees (% of AUM) Category Low Category High DODIX Rank Quintile
Turnover 24.00% 0.00% 1944.00% 15.42% 1

DODIX - Distributions

Dividend Yield Analysis

DODIX Category Low Category High DODIX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.30% 9.69% 1

Dividend Distribution Analysis

DODIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DODIX Category Low Category High DODIX % Rank Quintile
Net Income Ratio 2.97% -1.76% 17.13% 8.45% 1

Capital Gain Distribution Analysis

DODIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

DODIX - Managers

Anthony J. Brekke

Manager

Start Date

May 01, 2008

Tenure

8.25

Tenure Rank

3.6%

Anthony J. Brekke, Vice President — Mr. Brekke received his B.A. degree from the University of Iowa in 1997 and his M.B.A. degree from the Haas School of Business at the University of California, Berkeley in 2003. Prior to entering the Haas School, he worked for four years as an auditor with the National Futures Association. He joined Dodge & Cox in 2003. Mr. Brekke is a shareholder of the firm and and holds the CFA designation.


Adam S. Rubinson

Manager

Start Date

Feb 15, 2010

Tenure

6.46

Tenure Rank

4.5%

Adam S. Rubinson, Vice President — Mr. Rubinson graduated from Columbia College in 1988 and received his J.D. degree from the Stanford Law School in 1991. From 1991 to 1997 he practiced corporate law at Sullivan & Cromwell. Prior to joining Dodge & Cox in 2002, he worked in the fixed income and investment banking divisions of Goldman Sachs. Mr. Rubinson is a shareholder of the firm and holds the CFA designation.


Lucinda I. Johns

Manager

Start Date

Mar 30, 2012

Tenure

4.34

Tenure Rank

5.7%

Lucinda I. Johns, Vice President — Ms. Johns received her B.A. degree (magna cum laude) from Williams College in 1996 and her M.B.A. degree from the UCLA 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.


Charles F. Pohl

Manager

Start Date

Jan 01, 1993

Tenure

23.59

Tenure Rank

0.1%

Mr. Pohl received his B.A. degree in 1980 and his M.B.A. degree in 1981 from the University of Chicago. He was with Wells Fargo Investment Advisors from 1981 until joining Dodge & Cox in 1984. Mr. Pohl is a shareholder of the firm and a CFA charterholder.


Dana M. Emery

Manager

Start Date

Jan 03, 1989

Tenure

27.59

Tenure Rank

0.0%

Dana M. Emery, Co-President and Director of Fixed Income — Ms. Emery received her B.A. degree from Stanford University in 1983. She joined Dodge & Cox in 1983. Ms. Emery is a Senior Vice President and Trustee of the Dodge & Cox Funds. She is a Director and shareholder of the firm, a Chartered Investment Counselor, and holds the CFA designation.


James H. Dignan

Manager

Start Date

Jan 01, 2002

Tenure

14.59

Tenure Rank

1.4%

James H. Dignan, Vice President — Mr. Dignan graduated from Columbia University in 1991. He received an M.A. in Economics from New York University in 1994 and his M.B.A. from Northwestern’s J.L. Kellogg Graduate School of Management in 1996. Prior to joining Dodge & Cox in 1999, he worked in portfolio management for Fannie Mae. Mr. Dignan is a shareholder of the firm and holds the CFA designation.


Thomas S. Dugan

Manager

Start Date

Jan 01, 1994

Tenure

22.59

Tenure Rank

0.2%

Mr. Dugan graduated from Brown University in 1987 with a B.A. and received his M.B.A. from the University of California at Berkeley in 1992. Before graduate school, he worked as a fixed-income securities trader for J.P. Morgan Securities. Prior to joining Dodge & Cox in 1993, he worked in the Czech Republic as an advisor to a Czech investment fund. Mr. Dugan is a shareholder of the firm and a CFA charterholder.


Larissa K. Roesch

Manager

Start Date

Jan 01, 1998

Tenure

18.59

Tenure Rank

0.7%

Larissa K. Roesch, Vice President — Ms. Roesch received her A.B. degree in music and mathematics from Dartmouth College in 1988 (cum laude). She received her M.B.A. from the Haas School of Business at University of California, Berkeley in 1997. Prior to graduate school, she worked for seven years in the performing arts industry. She joined Dodge & Cox in 1997. She is a shareholder of the firm and holds the CFA designation.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6