Average Annual Total Return For periods ended
June 30, 2015 (updated quarterly)
Global Bond Fund
Barclays Global Agg Index
Returns represent past performance and do not guarantee future results. Investment return and share price will fluctuate with market conditions, and investors may have a gain or loss when shares are sold. Mutual fund performance changes over time and currently may be significantly lower than stated above. Monthly updates to performance are accessible from the Performance & Prices page.
Fund Characteristics as of June 30, 2015, unless otherwise noted (updated quarterly)
Value Per Share
Total Net Assets
Yield (using net expenses)(a)(b)
Yield (using gross expenses)
Net Expense Ratio
Gross Expense Ratio (1/1/15 - 6/30/15, annualized)
† The Fund’s total returns include the reinvestment of
dividend and capital gain distributions, but have not been
adjusted for any income taxes payable by shareholders on these
distributions or on Fund share redemptions. Index returns
include interest income but, unlike Fund returns, do not
reflect fees or expenses. The Barclays Global Aggregate Bond
Index (Barclays Global Agg) is a widely recognized, unmanaged
index of multi-currency, investment-grade fixed income
securities. All returns are stated in U.S. dollars, unless
otherwise noted. A private fund managed and funded by Dodge &
Cox (the “Private Fund”) was reorganized into the Fund and the
Fund commenced operations on May 1, 2014. The Private Fund
commenced operations on December 5, 2012, and had an
investment objective, policies, and strategies that were, in
all material respects, the same as those of the Fund, and was
managed in a manner that, in all material respects, complied
with the investment guidelines and restrictions of the Fund.
However, the Private Fund was not registered as an investment
company under the Investment Company Act of 1940 (the “1940
Act”), and therefore was not subject to certain investment
limitations, diversification requirements, liquidity
requirements, and other restrictions imposed by the 1940 Act
and the Code, which, if applicable, may have adversely
affected its performance. Expense reimbursements have been in
effect for the Fund since its inception. Without the expense
reimbursements, returns for the Fund would have been lower.
(a) SEC Yield is an annualization of the Fund’s total net investment income per share for the 30-day period ended on the last day of the month.
(b) Dodge & Cox has contractually agreed to reimburse the Fund for all ordinary expenses to the extent necessary to maintain Total Annual Fund Operating expenses at 0.60%
through April 30, 2016. The term of the agreement is renewable annually thereafter
unless terminated with 30 days’ written notice by either party
prior to the end of the term.
(c) The Fund may classify an issuer in a different category than the Barclays Global Aggregate Bond Index. The Fund generally classifies a
corporate issuer based on the country of incorporation of the
parent company, but may designate a different country in certain circumstances.
(d) The Fund’s portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation to buy, sell, or hold any particular security and is not indicative of Dodge & Cox’s current or future trading activity.
(e) The credit quality distributions shown for the Fund and the Index are based on the middle of Moody’s, S&P’s, and Fitch ratings, which is the methodology used by Barclays in constructing its indices. If a security is rated by only two agencies, the lower of the two ratings is used. Please note the Fund applies the highest of Moody’s, S&P’s, and Fitch ratings to comply with the quality requirements stated in its prospectus. On that basis, the Fund held
9.3% in securities rated below investment grade. The credit quality of the investments in the portfolio does not apply to the stability or safety of the Fund or its shares.
(f) Excludes the Fund’s derivative contracts.
This site is for persons in the United States only.
Before investing in any Dodge & Cox Fund, you should carefully consider the Fund's investment objectives, risks, and
charges and expenses. This and other important information is contained in a Fund's prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before investing. Investments are not FDIC-insured, nor are they deposits of or guaranteed by any bank or any other entity.