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A single team with one focus
We work as one diverse, global investment team, rigorously researching debt and equity securities, and incorporating financially material ESG and macro factors. Our Investment Committees build conviction for our investments by pressure-testing our thinking collectively and making every decision together. Our engaging, collaborative environment pushes us to accomplish our very best. That’s why most of us dedicate our careers to Dodge & Cox, ensuring stability and compounding our intellectual capital across generations. This institutional memory—combined with our collaborative approach—makes us uniquely suited for long-term investing, continuously seeking lasting value in a rapidly changing world.
Our Investment Committees
- U.S. Equity Investment Committee
- International Equity Investment Committee
- Global Equity Investment Committee
- Emerging Markets Equity Investment Committee
- Balanced Fund Investment Committee
- U.S. Fixed Income Investment Committee
- Global Fixed Income Investment Committee
U.S. Equity Investment Committee
We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 21 years, include:
- Setting and reviewing U.S. equity investment strategy, and continuously assessing opportunities and risks to the portfolio.
- Evaluating and debating analyst recommendations and analyses to collaborate on buy, sell, and position-sizing decisions across individual holdings and sectors.
- Overseeing the strategy’s implementation and monitoring portfolio holdings, making changes when appropriate.
Our Committee members are Dodge & Cox shareholders and invest in the Stock Fund.
International Equity Investment Committee
We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 20 years, include:
- Setting and reviewing international equity investment strategy, and continually assessing opportunities and risks to the portfolio.
- Evaluating and debating analyst recommendations and analyses to collaborate on buy, sell, and position-sizing decisions across individual holdings, sectors, and countries.
- Overseeing the strategy’s implementation and monitoring portfolio holdings, making changes when appropriate.
Our Committee members are Dodge & Cox shareholders and invest in the International Stock Fund.
Global Equity Investment Committee
We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 25 years, include:
- Setting and reviewing global equity investment strategy, and continually assessing opportunities and risks to the portfolio.
- Evaluating and debating analyst recommendations and analyses to collaborate on buy, sell, and position-sizing decisions across individual holdings, sectors, and countries.
- Overseeing the strategy’s implementation and monitoring portfolio holdings, making changes when appropriate.
Our Committee members are Dodge & Cox shareholders and invest in the Global Stock Fund.
Emerging Markets Equity Investment Committee
We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 17 years, include:
- Setting and reviewing emerging markets investment strategy, and continually assessing opportunities and risks to the portfolio.
- Evaluating and debating analyst recommendations to make buy, sell, and position-sizing decisions across individual holdings, sectors, and countries.
- Overseeing the strategy’s implementation, making changes when appropriate.
Our Committee members are Dodge & Cox shareholders and invest in the Emerging Market Stock Fund.
Balanced Fund Investment Committee
We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The Committee combines expertise across asset classes, risk management, and asset allocation. The primary responsibilities of the Committee, whose members’ average tenure at Dodge & Cox is 17 years, include:
- Determining asset allocation across stocks, fixed income securities, and cash.
- Constructing a diversified portfolio across industries and sectors.
- Holistically evaluating investment advocacies for individual holdings, setting issuer position sizing, and analyzing portfolio risk and return scenarios.
- Overseeing the strategy’s implementation and monitoring portfolio holdings, making changes when appropriate.
Our Committee members are Dodge & Cox shareholders and invest in the Balanced Fund.
U.S. Fixed Income Investment Committee
We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the U.S. Fixed Investment Committee, whose members’ average tenure at Dodge & Cox is 23 years, are to:
- Set broad portfolio strategy, including individual issuer targets, sector weightings, duration, and other portfolio characteristics.
- Diversify the portfolio prudently across issuers, sectors, geographies, and economic exposures.
- Carefully monitor and evaluate portfolio exposures and risks through regular scenario analyses, stress testing, and risk modelling, making changes when appropriate.
- Oversee the strategy’s implementation through close collaboration with our trading team.
Our Committee members are Dodge & Cox shareholders and invest in the Income Fund.
Global Fixed Income Investment Committee
We believe investors benefit from our team-based approach to managing investments. Through close collaboration and debate, we bring our best ideas forward. The primary responsibilities of the Global Fixed Income Investment Committee, whose members’ average tenure at Dodge & Cox is 20 years, are to:
- Set broad portfolio strategy, including individual issuer targets, sector weightings, currency exposures, duration, and other portfolio characteristics.
- Diversify the portfolio prudently across issuers, sectors, geographies, and economic exposures.
- Carefully monitor and evaluate portfolio exposures and risks through regular scenario analyses, stress testing, and risk modelling, making changes when appropriate.
- Oversee the strategy’s implementation through close collaboration with our trading team.
Our Committee members are Dodge & Cox shareholders and invest in the Global Bond Fund.
Our time-tested approach
Over our more than 90-year history, we have continuously enhanced our approach as markets globalized and deepened. We devote all our energy to helping our clients achieve their long-term investment goals.
Disclosure
The years with Dodge & Cox figures are updated annually in May.