Dodge & Cox Stock Fund Class I (DODGX)

Overview

The investment fund is dedicated to achieving long-term growth of principal and income, with a secondary objective of generating a reasonable current income. It endeavors to reach its goals by mainly investing in a diversified portfolio of equity securities. This approach is designed to cater to investors seeking both capital appreciation over time and current income generation from their investments. The fund aims to present a balanced opportunity for growth by carefully selecting equity securities that offer the potential for income and value increase.

Products and Services

The investment fund offers a focused investment product that involves the following key components:

• Equity Securities Investment

  The fund primarily invests in a variety of equity securities, constituting at least 80% of its total assets. This broad category includes common stocks, which represent ownership shares in corporations, offering the potential for dividend income and capital appreciation. Depositary receipts, such as American Depositary Receipts (ADRs), which evidence ownership of foreign stocks, are also part of the portfolio, as are preferred stocks that provide fixed dividends and have priority over common stocks in the event of liquidation. Additionally, securities convertible into common stocks give the holder the option to convert their holdings into common shares under specific conditions, potentially allowing for participation in the equity's growth. Securities that carry the right to buy common stocks, such as warrants or options, are also included, offering the possibility to purchase stocks at predetermined prices.

• Diversified Portfolio

  The fund's strategy includes diversifying across multiple equity securities to spread out risk and potential for returns. Through this diversification, the fund aims to mitigate the impact of poor performance by any single security or sector on the overall portfolio. This approach is fundamental to the fund’s goal of achieving long-term growth and income, providing a balanced mix of investments to cater to its objectives.

• Non-U.S. Issuer Investments

  Up to 20% of the fund's total assets may be allocated to U.S. dollar-denominated securities of non-U.S. issuers that are traded in the United States but are not part of the S&P 500. This component of the fund’s strategy is designed to tap into the potential of international markets, offering exposure to companies outside the United States that might present unique growth opportunities. Such investments allow for diversification beyond the domestic market, potentially introducing different growth dynamics and returns characteristics into the portfolio.