The Fund seeks regular income, conservation of principal, and an opportunity for long-term growth of principal and income.
The Fund invests in a diversified portfolio of common stocks, preferred stocks, and fixed-income securities.
Stocks — The Fund invests
primarily 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. Under normal circumstances the Fund will hold no more than 75% of its total assets in
equity securities. 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 and the reputation, experience and competence of a company’s management are weighed against valuation in selecting individual securities.
Fixed Income Securities — The Fund invests in primarily investment-grade fixed income securities
such as U.S. government obligations, mortgage and asset-backed securities, corporate
and municipal bonds, collateralized mortgage obligations and others. To a lesser extent, the Fund may also invest in below investment-grade fixed income securities.
|Minimum Initial Investment
|Minimum Initial IRA Investment
|Minimum Subsequent Investment
||Dividends are distributed in March, June, September and December; capital gains, if any, are distributed in December and March.