Redirection Confirmation

You'll be re-directed to Individual Investor site.

Stay on the $country-name$ $persona-name$ site.
Continue to $country-name$ Individual Investor site.

Skip to main content

Estimated year-end income and capital gains distributions as of October 31st are now available.

Session Expiration Notice
Your session is about to expire. To continue, choose one of the options below. If no action is taken, you will be logged out automatically.
Session Timeout
Your session has expired. To log in to account access, select Log In in the navigation.
Session Expiration Notice
Your session is about to expire. To continue, choose one of the options below. If no action is taken, you will be logged out automatically.
 

Fund update

Upcoming Forward Share Split for Select Dodge & Cox Funds

August 2025

 
 

The Dodge & Cox Funds’ Board of Trustees has approved forward share splits for the Class I and Class X shares of the Balanced Fund, International Stock Fund, and Stock Fund.

The share splits will have no impact on the dollar value of shareholders’ investments; they will simply increase the number of shares held while proportionally reducing each Fund’s net asset value (NAV) per share for that share class.

Timing

The share split will apply to shareholders of record as of the close of trading on the New York Stock Exchange on October 24, 2025, and will be processed after market close. Shares will be priced at split-adjusted NAVs starting on October 27, 2025, and the adjusted share amounts will be reflected in shareholder accounts on that date. Investors will receive a confirmation statement reflecting the new share balances shortly after the split.

Summary of Changes

Rationale

New mutual funds generally launch with an initial NAV of $10.00 per share. Given their earlier inception dates and asset classes, the NAVs of the Balanced Fund, International Stock Fund, and Stock Fund have grown considerably. We believe the share splits will better align these Funds’ NAVs with the other Dodge & Cox Funds’ NAVs.

Additional Information

For further questions, please contact us at 800-621-3979 (Monday–Friday, 8:00 a.m.–7:30 p.m. ET).