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Important Legal Information: By clicking “I agree” you are confirming you are a Financial Professional and that you are aware the website you will enter is intended for a professional investor, not the general public.

Before continuing, please read the following important information and agree to these provisions and the Terms & Conditions of Use of this website for Financial Professionals.
 

TERMS & CONDITIONS OF USE

Use of the Dodge & Cox website ("Site"), owned and operated by Dodge & Cox®, signifies that you accept the following Terms of Use. Nothing contained in these Terms of Use is intended to modify or amend any other written agreement, if any, that may currently be in effect between you and Dodge & Cox or any funds managed by Dodge & Cox. Dodge & Cox may periodically modify these Terms of Use, and any such modifications will be effective immediately upon posting. We suggest that you periodically check these Terms of Use for modifications. If you do not agree to the Terms of Use, do not use this Site.

We suggest that you check the Terms of Use periodically for changes. The Terms of Use can be accessed from the link at the bottom of the Site pages. Dodge & Cox expressly reserves the right to monitor any and all use of this Site, without liability.


PRIVACY

Dodge & Cox expressly reserves the right to monitor any and all use of this Site; any such monitoring will be used for Dodge & Cox’s internal business purposes without liability. Dodge & Cox is committed to maintaining the confidentiality, integrity, and security of your personal and financial data. We consider this information to be private and held in confidence between you and Dodge & Cox. We would like you to know about our policies to protect the privacy of this information.

We may collect personal information about you from:

  • You or your representative in writing, electronically or by phone (e.g., in account applications or requests for forms or literature);
  • Transactions initiated by you or made on your behalf; and
  • Information we receive from third parties, such as financial advisers, consumer reporting agencies, consultants and custodians.

We do not disclose personal information about current or former clients or shareholders to any third parties except as necessary to effect a transaction, administer your account, or as otherwise permitted by law. For example, the Dodge & Cox Funds and Dodge & Cox Worldwide Funds use third-party transfer agents and third-party providers of systems who use your information only to process or analyze transactions you have requested. Contracts with these organizations contain provisions restricting their use of your personal information to those purposes for which they were hired.

We restrict access to personal information about you to those employees and service providers involved in administering or servicing your account(s) or helping us meet our regulatory obligations. We maintain physical, electronic, and procedural safeguards that comply with federal standards to protect your personal information. In addition, our Code of Ethics, which applies to all Dodge & Cox employees, restricts the use of your personal information.

For more information about privacy, please read the Dodge & Cox Privacy Policy.

LIMITED LICENSE AND RESTRICTIONS ON USE

Dodge & Cox grants you a limited, revocable, nonexclusive, nontransferable license to view, store, bookmark, download, and print the pages within this Site solely for your personal, informational, and noncommercial use or as expressly authorized by Dodge & Cox in writing. You are responsible for obtaining and maintaining all equipment, services, and other materials that you need to access this Site. Dodge & Cox reserves all rights not expressly granted in these Terms of Use. Except as otherwise stated in these Terms of Use as expressly authorized by Dodge & Cox in writing, you may not:

  • Modify, copy, distribute, transmit, post, display, perform, reproduce, publish, broadcast, license, create derivative works from, transfer, sell, or exploit any reports, data, information, content, software, RSS and podcast feeds, products, services, or other materials on, generated by or obtained from this Site, whether through links or otherwise (collectively, "Materials");
  • Redeliver any page, text, image or Materials on this Site using "framing" or other technology;
  • Engage in any conduct that could damage, disable, or overburden (i) this Site, (ii) any Materials or services provided through this Site, or (iii) any systems, networks, servers, or accounts related to this Site, including without limitation, using devices or software that provide repeated automated access to this Site, other than those made generally available by Dodge & Cox;
  • Probe, scan, or test the vulnerability of any Materials, services, systems, networks, servers, or accounts related to this Site or attempt to gain unauthorized access to Materials, services, systems, networks, servers, or accounts connected or associated with this Site through hacking, password or data mining, or any other means of circumventing any access-limiting, user authentication or security device of any Materials, services, systems, networks, servers, or accounts related to this Site;
  • Modify, copy, obscure, remove or display the Dodge & Cox, Dodge & Cox Funds, or Dodge & Cox Worldwide Funds name, logo, trademarks, text, notices, or images without Dodge & Cox’s express written permission. To obtain such permission, you may e-mail us at website@dodgeandcox.com; or
  • Include the term "Dodge & Cox®," or any Dodge & Cox trademark or executive's name, or any variation of the foregoing, as a meta-tag, hidden textual element, or any other indicator that creates an impression of affiliation, sponsorship, or endorsement by Dodge & Cox.

COPYRIGHT POLICY, NOTICE AND CLAIM INFORMATION

Dodge & Cox owns and operates this Site. All Materials on this Site, whether separate or compiled, including but not limited to, text, graphics, and audio clips. Logos, buttons, images, digital downloads, data compilations, software, icons, html code and xml code, as well as all copyright, patent, trademark, trade dress, and other rights therein, are owned or licensed by Dodge & Cox® and its third-party information providers, and are protected by United States and international intellectual property laws.

Pursuant to Section 512(c)(2) of the U.S. Copyright Revision Act, as enacted through the Digital Millennium Copyright Act, Dodge & Cox designates an agent as described below to receive notifications of claimed copyright infringement by mail: 
Roberta R. Kameda, Esquire, General Counsel, Dodge & Cox, 555 California Street, 40th Floor, San Francisco, CA 94104.

The designated copyright agent can also be reached by telephone at (800) 254-8494, by fax at (415) 986-1369, and by e-mail at website@dodgeandcox.com.


LINKING CONDITIONS

You may not link to this Site unless you comply with these linking conditions ("Linking Conditions"). Dodge & Cox grants you a limited, revocable, nonexclusive right to create a hyperlink to this Site ("Link"), provided you comply at all times with the following conditions:

  • The Link must be made to the Funds' home page at www.dodgeandcox.com.
  • The text of the Link must read either “Dodge & Cox”, “Dodge & Cox Funds”, “Dodge & Cox Worldwide Funds”,  or dodgeandcox.com. You may not use any Dodge & Cox logo or graphic or any other Dodge & Cox trademark, as part of the Link without Dodge & Cox's express written permission; and 
  • The Link and surrounding context on the linking site must not: (a) falsely represent or misrepresent any relationship between the linking site and Dodge & Cox, including suggestions of affiliation, endorsement, or sponsorship; (b) portray Dodge & Cox or its affiliates or their products or services, in a false, misleading, derogatory, or otherwise offensive manner; or (c) deliver the Materials in a framed environment or alter the layout, content, look, or feel of the Site.

If you have created a Link that conforms to these Linking Conditions, then you also may include one or more Links to any internal or subsidiary page of this Site that is located one or several levels down from the homepages (known as "deep links"), provided, however, that all such deep links must be in close physical proximity to the Link that conforms to the Linking Conditions. You may not maintain numerous or pervasive Links to this Site.

DATA, INFORMATION AND CONTENT

The Materials on this Site are for information, education, and noncommercial purposes only. Although Dodge & Cox may provide data, information, and content relating to investment approaches and opportunities to buy or sell securities and/or mutual funds, you should not construe any such information or other content available through this Site as legal or tax advice. You alone will bear the sole responsibility of evaluating the merits and risks associated with the use of any Materials on this Site before making any decisions based on such Materials. In exchange for using such Materials, you agree not to hold Dodge & Cox or its affiliates and their directors (trustees), officers, employees, or third-party information providers liable for any possible claim for damages arising from any decision you make based on the Materials made available to you through this Site. By providing access to other websites, neither Dodge & Cox nor any of its affiliates is recommending the purchase or sale of the stock issued by any company, nor are they endorsing services provided by any website's sponsoring organization.

OWNERSHIP OF OTHER MATERIALS

All trademarks, service marks, and logos appearing on this Site are the exclusive property of their respective owners.

All Dodge & Cox graphics, logos, page headers, and service names are trademarks, service marks, or trade dress of Dodge & Cox. Dodge & Cox's trademarks, service marks and trade dress may not be used in connection with any product or service that is not Dodge & Cox's, in any manner that is likely to cause confusion among customers or investors, or in any manner that disparages or discredits Dodge & Cox. Nothing contained on this Site should be construed as granting any license or right in or to any trademarks, service marks, or trade dress of Dodge & Cox.


THIRD-PARTY CONTENT

Data and other materials appearing on this Site that are provided by third parties are believed by Dodge & Cox to be obtained from reliable sources, but Dodge & Cox cannot guarantee and is not responsible for their accuracy, timeliness, completeness, or suitability for use. Dodge & Cox is not responsible for, and does not prepare, edit, or endorse, the content, advertising, products, or other materials on or available from any website owned or operated by a third party that is linked to this Site via hyperlink. The fact that Dodge & Cox has provided a link to a third party's website does not constitute an implicit or explicit endorsement, authorization, sponsorship, or affiliation by Dodge & Cox with respect to such website, its owners, providers, or services.  You will use any such third-party content at your own risk.
 

WARRANTY DISCLAIMERS

YOU EXPRESSLY UNDERSTAND AND AGREE THAT:

THERE ARE NO IMPLIED OR EXPRESSED WARRANTIES ON THE MATERIALS IN THIS SITE; THE MATERIALS ARE PROVIDED "AS IS" AND "AS AVAILABLE BASIS." DODGE & COX, AFFILIATES, AGENTS, DIRECTORS (AND TRUSTEES), OFFICERS, EMPLOYEES, LICENSORS AND ANY THIRD-PARTY INFORMATION PROVIDERS AND VENDORS DISCLAIM, TO THE FULLEST EXTENT UNDER APPLICABLE LAW, ANY WARRANTY OF ANY KIND, WHETHER EXPRESS OR IMPLIED, AS TO ANY MATTER WHATSOEVER RELATING TO THIS SERVICE, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT, AND ALL WARRANTIES REGARDING SECURITY, CURRENCY, CORRECTNESS, QUALITY, ACCURACY, COMPLETENESS, RELIABILITY, PERFORMANCE, TIMELINESS, OR CONTINUED AVAILABILITY, WITH RESPECT TO (I) THE SITE; (II) ANY MATERIALS, PRODUCTS, OR SERVICES AVAILABLE ON OR THROUGH THE SITE; (III) USE OF THE SITE, MATERIALS, PRODUCTS, OR SERVICES; AND (IV) THE RESULTS OF THE USE OF THE SITE, MATERIALS, PRODUCTS, OR SERVICES. FURTHER, DODGE & COX, AFFILIATES, DIRECTORS (AND TRUSTEES), OFFICERS, EMPLOYEES, AGENTS, LICENSORS, AND ANY THIRD-PARTY INFORMATION PROVIDERS AND VENDORS EXPRESSLY DISCLAIM ALL WARRANTIES WITH RESPECT TO ANY DELAYS OR ERRORS IN THE TRANSMISSION OR DELIVERY OF ANY MATERIALS, PRODUCTS, OR SERVICES AVAILABLE THROUGH THIS SITE. EXCEPT AS PROVIDED BY LAW, NEITHER DODGE & COX NOR ITS THIRD-PARTY INFORMATION PROVIDERS AND VENDORS HAS ANY RESPONSIBILITY TO MAINTAIN THE MATERIALS, PRODUCTS, OR SERVICES OFFERED ON THE SITE OR TO SUPPLY CORRECTIONS, UPDATES, OR RELEASES FOR THE SAME. USE OF THIS SERVICE IS AT YOUR OWN RISK. REFERENCE TO A FUND OR SECURITY ANYWHERE ON THIS WEB SITE IS NOT A RECOMMENDATION TO BUY, SELL, OR HOLD THAT OR ANY OTHER SECURITY. IF YOU LIVE IN A STATE THAT DOES NOT ALLOW DISCLAIMERS OF CERTAIN WARRANTIES, SOME OF THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU. THIS WARRANTY GIVES YOU SPECIFIC LEGAL RIGHTS, AND MAY HAVE OTHER RIGHTS, WHICH VARY FROM JURISDICTION TO JURISDICTION.

LIABILITY AND INDEMNITY

ANY MATERIALS DOWNLOADED OR OTHERWISE OBTAINED THROUGH THIS SITE ARE DONE AT YOUR OWN RISK. YOU ARE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR OTHER EQUIPMENT, OR LOSS OF DOWNLOADED OR OBTAINED DATA THAT RESULTS FROM SUCH DOWNLOAD.

NEITHER DODGE & COX NOR ITS AFFILIATES, DIRECTORS (AND TRUSTEES), OFFICERS, EMPLOYEES, AGENTS, LICENSORS, OR ANY THIRD-PARTY INFORMATION PROVIDERS AND VENDORS WILL BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, REVENUE, INCOME, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES, OR DAMAGES CAUSED BY THEFT, UNAUTHORIZED ACCESS, SYSTEMS FAILURE, OR COMMUNICATIONS LINE FAILURE, OR THE COST OR PROCURING SUBSTITUTE GOODS OR SERVICES, CAUSED BY THE USE OF OR INABILITY TO USE THE SITE, MATERIALS OR ANY PRODUCTS OR SERVICES PROVIDED HEREIN, OR ANY OTHER MATTER RELATING TO THIS SITE, EVEN IF DODGE & COX HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE EXCLUSIONS OR LIMITATIONS MAY NOT APPLY TO YOU. TO THE EXTENT THAT A JURISDICTION DOES NOT PERMIT THE EXCLUSION OR LIMITATION OF LIABILITY AS SET FORTH HEREIN, THE LIABILITY OF DODGE & COX AND ITS AFFILIATES, SUBSIDIARIES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, LICENSORS, AND ANY THIRD-PARTY INFORMATION PROVIDERS AND VENDORS IS LIMITED TO THE EXTENT PERMITTED BY LAW IN SUCH JURISDICTIONS.

You agree to indemnify, defend, and hold harmless Dodge & Cox, its affiliates, and each of its and their officers, directors (and trustees), employees, and agents, from and against all claims, demands, liabilities, damages, losses, or expenses, including attorney's fees and costs, arising out of or related to your improper access to or use of this Site, or any violation by you of these Terms of Use.

Dodge & Cox does not claim that materials in this Site are appropriate or available for use in all locations. Because of the global nature of the Internet, you agree to comply with all local rules with respect to your online conduct, including all laws, rules, codes, and regulations of the country in which you reside and the country from which you access this Site, including without limitation, all laws, rules, codes, regulations, decrees, acts, orders, directives, legislation, bills, and statutes pertaining to tax, contracts, intellectual property, securities, e-commerce, banking, technology, computers, fraud, and privacy.

Each investment product and service referred to on this Site is intended to be made available only to persons where that product or service is registered and/or licensed for sale or where such registration or licensing is not required. This Site will not be considered a solicitation for or offering of any investment product or service to any person in any jurisdiction where such solicitation or offering would be illegal.

TIMELINESS OF CONTENT

All content on this Site is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. In addition, you are responsible for setting the cache settings on your browser to ensure you are receiving the most recent data.


TERMINATION

The rights granted to you herein terminate immediately if you fail to comply with the Terms of Use. Dodge & Cox, in its sole discretion, reserves the right to temporarily or permanently terminate your access to and use of this Site at any time and for any reason whatsoever, without notice or liability. Dodge & Cox will not be liable to you or any third party for any termination of your access to or use of this Site.

INTEGRATION AND SEVERABILITY

If any provision of these Terms of Use is deemed unlawful, void, or for any reason unenforceable, then that provision will be deemed severable from these Terms of Use and will not affect the validity and enforceability of the remaining provisions. The preceding Terms of Use represent the entire agreement between Dodge & Cox and the user relating to the subject matter herein.

Terms of Use as of: February 2022

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Tax Center


Tax forms at a glance

Form

Mailed to

When

Purpose and use

Year-end statement

All investors

Early January

Reports distributions, activity and year-end balances in each Fund account for the year

Form 1099-B

Investors who sold shares

Late January

Reports proceeds from sales (redemptions or exchanges) of shares

Form 1099-DIV

All taxable accounts 

Late January

Reports taxable distributions for the year

Form 1099-R

IRA investors who withdrew money

Late January

Reports withdrawals from IRAs

Form 1042-S

Foreign investors

Mid-March

Reports taxable dividends and income tax withheld on accounts

Form 5498

IRA investors with contributions or rollovers

Late May

Reports previous year’s regular and rollover IRA contributions to traditional and Roth IRAs and SEP IRAs

Form

Year-end statement

Mailed to

All investors

When

Early January

Purpose and use

Reports distributions, activity and year-end balances in each Fund account for the year

Form

Form 1099-B

Mailed to

Investors who sold shares

When

Late January

Purpose and use

Reports proceeds from sales (redemptions or exchanges) of shares

Form

Form 1099-DIV

Mailed to

All taxable accounts 

When

Late January

Purpose and use

Reports taxable distributions for the year

Form

Form 1099-R

Mailed to

IRA investors who withdrew money

When

Late January

Purpose and use

Reports withdrawals from IRAs

Form

Form 1042-S

Mailed to

Foreign investors

When

Mid-March

Purpose and use

Reports taxable dividends and income tax withheld on accounts

Form

Form 5498

Mailed to

IRA investors with contributions or rollovers

When

Late May

Purpose and use

Reports previous year’s regular and rollover IRA contributions to traditional and Roth IRAs and SEP IRAs


Cost basis

Generally, cost basis is the original amount you paid for shares in your Fund account, including the value of reinvested dividends and capital gains. Upon a sale or exchange of Fund shares within a taxable account, you’ll realize a capital gain or loss, which is determined by comparing the sales price to the cost basis. The Internal Revenue Service (IRS) requires mutual fund companies to report the cost basis of shares that are acquired after January 1, 2012.

Cost basis methods available for covered shares

Average Cost (ACST)

You direct us to sell shares at an average acquisition price.

First-In, First-Out (FIFO)

You direct us to sell the oldest shares in your account first.

Last-In, First-Out (LIFO)

You direct us to sell the newest shares in your account first.

High-Cost, First-Out (HIFO)

You direct us to sell the highest cost shares in your account first.

Low-Cost, First-Out (LOFO)

You direct us to sell the lowest cost shares in your account first.

Loss/Gain Utilization (LGUT)

You direct us to evaluate gains and losses within the share lots in your account, and to sell lots with the largest losses first in a prescribed procession.

Specific Lot Identification (SLID)

You inform us upon each sale of which specific shares to redeem, along with a secondary method to be used as necessary.

You have several ways to elect a cost basis method for covered shares in an account.

• Complete an online form. Log in to your account then navigate to "Change Cost Basis Method".  

• Complete and mail a Cost Basis Election Form.                                                                               

 • Speak with a Client Services representative by calling 1-800-621-3979 between 8:00 a.m. and 7:30 p.m., Eastern Time.                            


FAQs

Regular taxable accounts

Yes. Dividends and capital gain distributions are taxable to you and must be reported on your tax return. You can find this information on Form 1099-DIV, which reports the total taxable distributions you received during the year. This information is reported to the IRS.

Yes. The value of reinvested dividends and distributions will be included on Form 1099-DIV and must be reported on your tax return. The shares you receive on the reinvestment are treated as newly purchased shares.

Capital gain distributions from a mutual fund are distributions of the net capital gains derived from sales of securities within the Fund. As a result, they can occur in a Fund even in a period when the Fund’s total return is low or negative. To comply with IRS requirements, the Dodge & Cox Funds normally distribute net capital gains annually. When a Fund sells an individual security, the Fund tracks the difference between the selling price and cost basis to determine the gain or loss produced by the sale. At the end of each tax year, the Fund accumulates the gains and losses for all securities sold by the Fund during the year and any loss carryforward from prior years. If the net amount is positive, the Fund will make a capital gain distribution to shareholders.

Yes. If you sell (redeem or exchange) shares in your Fund account, the gain or loss on that sale must be reported to the IRS on your tax return. By early February, you will receive Form 1099-B, which reports the proceeds you received from your sale. This information is reported to the IRS.

Yes. For tax purposes, an exchange is considered a sale of shares of one Fund and the purchase of shares of another. The gain or loss on the shares you sell in the exchange transaction must be reported on your tax return. By early February, you’ll receive Form 1099-B, which reports the proceeds you received from your sale.

Your gain or loss is determined by comparing the amount you realize from the sale (sales proceeds) against the cost basis of the shares sold.

Generally, cost basis is the original amount you paid for shares in your Fund account, including the value of reinvested dividends and capital gains. The IRS requires mutual fund companies to report the cost basis of Fund shares that were acquired after January 1, 2012 (covered shares). If you have covered shares, you may elect a cost basis method for your account from several available methods. Dodge & Cox Funds will report the cost basis information to you and to the IRS on Form 1099-B following the year in which a sale of covered shares occurs. For more information on available cost bases methods, please click on the Cost Basis link at the top of this page.

For shares acquired prior to January 1, 2012 (non-covered shares), only Average Cost basis reporting can be provided by the Fund. For most regular taxable Fund accounts opened after November 1987, Dodge & Cox Funds have been tracking and reporting cost basis information using the Average Cost method. This information is reported to you on Form 1099-B and is not reported to the IRS. If you choose to use a method other than the Average Cost method for non-covered Fund shares, you are responsible for keeping those records. 

Short-term capital gains are gains on securities held one year or less. They’re generally taxed at the same rates as ordinary income. Short-term capital gain distributions from the Fund are reported as ordinary income on your Form 1099-DIV.

Long-term capital gains are gains on securities held more than one year. They’re generally taxed at a maximum federal rate of 15% or 20%, depending on your level of taxable income.

Traditional IRAs (including SEP IRAs) and Roth IRAs accounts

No. Income dividends and capital gain distributions aren’t taxable as long as those assets remain in your IRA.

Yes. Your year-end balance, which appears on the year-end account statement sent to you in early January, is reported to the IRS.

Yes. Form 5498, which is sent to you in May, reports your total IRA contributions attributed to the previous tax year. This information is reported to the IRS.

Yes. Form 5498 is sent to you in May showing rollover amounts received into your Dodge & Cox Funds IRA during the previous year. This information is reported to the IRS.

No. Assets exchanged between Dodge & Cox Funds within your IRA aren’t taxable. The transaction is not reported to the IRS.

No. In general, as long as the investment remains in an IRA or other qualified retirement account, and the rollover was properly completed within 60 days, the rollover proceeds aren’t taxable. According to federal tax law, you’re allowed one IRA-to-IRA rollover within a one-year period (365 days). By early February, you’ll receive Form 1099-R, which reports the amount of the withdrawal from your Dodge & Cox Funds IRA. This information is reported to the IRS. The custodian of the IRA which received the rollover should report the receipt on Form 5498 in May following the year of receipt.

No. In general, a direct transfer from one IRA custodian to another IRA custodian isn’t taxable.

Yes. By early February, you’ll receive Form 1099-R, which reports the amount of your distributions from your Dodge & Cox Funds IRA. This information is reported to the IRS.

Yes. A Roth IRA conversion is considered to be a distribution from your traditional IRA and a contribution by way of conversion to a Roth IRA. By early February, you will receive a Form 1099-R that reports the amount converted from the traditional IRA. In May, you'll receive a Form 4498 reporting the amount converted to your Roth IRA. This information is reported to the IRS. In general, the amount of the conversion must be recognized as taxable income.

Cost basis reporting

Covered shares are Fund shares acquired after January 1, 2012. If you sell or exchange covered shares within a taxable Fund account, Dodge & Cox Funds will report to you the cost basis and holding period of the shares sold on Form 1099-B. This information will also be reported to the IRS. You’ll be required by the IRS to use the cost basis information reported on Form 1099-B when completing your annual tax returns.

Non-covered shares are Fund shares acquired prior to January 1, 2012, or shares transferred into your account without corresponding cost basis information. If you sell or exchange non-covered shares within a taxable Fund account, and the Dodge & Cox Funds have Average Cost basis information for your shares, the cost basis and holding period information will be reported to you on your Form 1099-B. This information won’t be reported to the IRS. If you’ve chosen a method other than the Average Cost method for your non-covered shares, you’re responsible for keeping those cost basis records.

If you didn’t elect a cost basis method prior to January 1, 2012, Dodge & Cox Funds’ default cost basis method of Average Cost has been applied to your taxable accounts.

The Average Cost basis accounting method is handled uniquely under the IRS regulations as compared to other cost basis methods. If you elect or are defaulted to the Average Cost method for your covered shares, you may retroactively change to another method (revocation) at any time prior to the first redemption or transfer of shares from your account.

Following the first redemption or transfer of covered shares out of a Fund account, any change from the Average Cost method will be applied prospectively only to new shares acquired. Unlike other cost basis methods where changes can be conveyed via the phone, Average Cost basis elections and revocations must be made online or by submitting a paper Cost Basis Election Form.

If you sell or exchange non-covered shares within a taxable Fund account, and the Dodge & Cox Funds have Average Cost basis information for your shares, the cost basis and holding period information will be reported to you on Form 1099-B. If you sell or exchange covered shares within a taxable Fund account, the cost basis method used for tax reporting will be the method you elected or Average Cost if you didn’t make an election.

You may always change a cost basis election prospectively for covered shares acquired from that date forward. If you elect or are defaulted to Average Cost, and there haven’t been any redemptions or transfers of covered shares from your account, you may revoke your prior election and retroactively elect a different cost basis method for your covered shares. However, once you sell covered shares using the Average Cost method, you may not change your cost basis method on existing covered shares in your account. For all other cost basis methods, you may change your cost basis method on existing covered shares at any time.

No. Under current IRS regulations, you aren’t allowed to change the cost basis method used for a sale after it has occurred.

If you sell shares in a taxable Fund account, Dodge & Cox Funds will deplete any non-covered shares first, unless you specifically identify other share lots you wish to sell.

We’re happy to discuss your account options with you. However, as Dodge & Cox Funds aren’t in the business of providing tax or legal advice, we recommend seeking advice from an independent tax advisor.

Transfers and multiple accounts

No. You may elect a different cost basis method for each of your regular taxable Fund accounts.

Yes. Dodge & Cox Funds will carry over your elected cost basis method for covered shares if you exchange into a new Fund account.

Yes. The law requires that Dodge & Cox Funds send your financial intermediary firm a cost basis statement if we have cost basis information for covered shares in your Fund account. Cost basis information for non-covered shares will not transfer.

Gifting or transferring shares can create a complicated tax issue. Under IRS regulations, gifted covered shares remain covered shares. Generally, a recipient of gifted shares accepts the “carryover” original cost basis and holding period from the donor. However, in the case of shares gifted at a loss, and subsequently sold at a loss, the recipient is required to use the fair market value of the shares on the date of the gift as the cost basis.

Special tax rules apply in the event of transfers of shares between spouses, between accounts with common ownership, or due to divorce. As Dodge & Cox Funds aren’t in the business of providing tax or legal advice, we recommend seeking advice from an independent tax advisor.

Inheriting shares can create a complicated tax issue. Usually, the cost basis is the fair market value of the shares on the date of death and the date of death is used as the acquisition date. However, an authorized representative of an estate can provide alternative instructions.

Special tax rules apply for certain joint account registrations, trusts and partnerships. As Dodge & Cox Funds aren’t in the business of providing tax or legal advice, we recommend seeking advice from an independent tax advisor.


TurboTax® information

If you use TurboTax® tax preparation software, you’ll be able to import your Dodge & Cox Funds tax form information, including Forms 1099-Div, 1099-B, and 1099-R, generally after January 31.

To import the information into the TurboTax® software, navigate to the Form 1099 import section within the Federal Taxes section of the program. Select "Dodge & Cox Funds" from the list of available financial institutions, and you’ll be prompted to enter your User ID and Password used for Dodge & Cox Funds Account Access.


Reference

You can obtain forms and publications from the IRS by calling 800-TAX-FORM, or by visiting the IRS website. You may wish to request the following publications: 
• For regular accounts: IRS Publication 550, "Investment Income and Expenses", and IRS Publication 551, "Basis of Assets"

• For IRAs: IRS Publication 590-A, "Contributions to Individual Retirement Arrangements (IRAs)" and IRS Publication 590-B, "Distributions from Individual Retirement Arrangements (IRAs)"

If you require specific information concerning your individual tax situation, please consult with a tax advisor or refer to IRS and state instructions for preparing income tax returns. Dodge & Cox Funds aren’t in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and can’t be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Our dedicated Advisor Services team is here to help you.

Phone

Advisor Services

Call us at +1 415-274-9400

advisors@dodgeandcox.com

 

Operational Questions

Call us at +1 800-669-2802

Mail

Mail your Dodge & Cox Funds account forms and documents.

Regular Mail

Dodge & Cox Funds
P.O. Box 219502
Kansas City, MO 64121-9502 

Express Mail

Dodge & Cox Funds 
430 W. 7th Street, Suite 219502
Kansas City, MO 64105-1407

Dodge & Cox Funds Online Resources

Forms and Guides

Search for, download or order literature, forms and account applications.

Tax Center

Find general tax information and guides.

Dodge  & Cox Firm Fact Sheet

Find information about Dodge & Cox and our investment focus.