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 equity securities and debt securities.
Stocks — 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. Under normal circumstances the Fund will hold no more than 75%, and no less than 25%, 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 — Debt securities in which the Fund may invest include investment-grade securities such as government and government-related obligations, mortgage- and asset-backed securities, corporate and municipal bonds, and other debt securities and may include fixed and floating rate instruments. A maximum of 20% of the debt portion of the Fund may be invested in debt obligations rated below investment grade.
|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.