Morningstar Report 2-9-10
Click the print icon in your browser to print this report.
 
Rating and Risk
Dodge & Cox International Stock  DODFX
 Morningstar Rating (Relative to Category)01-31-10 
 Morningstar ReturnMorningstar RiskMorningstar RatingTM
3-YearAbove AverageAbove Average3 stars
5-YearAbove AverageAbove Average3 stars
10-Year
OverallAbove AverageAbove Average3 stars
Morningstar Category: Foreign Large ValueClick here to see our Methodology
 Volatility Measurements Trailing 3-Yr through 01-31-10 | *Trailing 5-Yr through 01-31-10 
Standard Deviation28.39 Sharpe Ratio-0.15
Mean-2.16 Bear Market Decile Rank*8
 Modern Portfolio Theory StatisticsTrailing 3-Yr through 01-31-10 
 Standard Index
MSCI EAFE NR USD		Best Fit Index
MSCI AC World NR USD
R-Squared9797
Beta1.161.23
Alpha3.963.00
Total Returns
Dodge & Cox International Stock  DODFX
 Growth of $10,00001-31-10 
Fund: Dodge & Cox International StockCategory: Foreign Large ValueIndex: MSCI EAFE NR USD
 
 Performance History01-31-10 
 200320042005200620072008200901-10
Total Return %49.432.516.828.011.7-46.747.5-4.0
+/- Index10.812.23.21.70.5-3.315.70.4
+/- Category10.410.53.62.02.7-4.317.10.4
% Rank in Category8116342182631
Fund CategoryFVFVFVFVFVFVFVFV
See fund category codes
         
 Trailing Total Returnsthrough 02-09-10 
 Total Return %+/- MSCI EAFE NR USD+/- MSCI EAFE Value NR USD% Rank in Cat
1-Day2.171.931.9894
1-Week-4.98-0.160.0877
1-Month-8.531.051.7938
3-Month-6.141.452.8530
Year-to-date-5.402.072.5132
1-Year50.4919.9417.454
3-Year Annualized-6.802.393.7821
5-Year Annualized4.342.072.438
10-Yr Annualized------------
     
 Historical Quarterly Returns 
Q1Q2Q3Q4
2009-12.9733.3724.392.13
2008-10.78-0.85-18.50-26.05
20075.026.610.43-0.65
20069.911.193.3111.41
20051.80-0.069.724.59
20047.712.173.6416.14
2003-11.7022.6418.4616.49
Investor Returns
Dodge & Cox International Stock  DODFX
What are Investor Returns?
Morningstar investor returns (also known as dollar-weighted returns) measure how the typical investor in a fund fared over various time periods, incorporating the impact of cash inflows and outflows from all investors' purchases and sales. If investors bought a fund after it had posted big gains and sold at a low ebb, investor returns will be lower than the fund's total returns. If investors bought and sold at more opportune times, however, investor returns will be higher than the fund's total returns. (For more details, please click here.)
 Performance History
 2002200320042005200620072008
Investor Return %-19.459.440.219.227.39.5-47.3
Total Return %-13.149.432.516.828.011.7-46.7
+/- Category *-5.917.117.05.82.13.0-4.6
% Rank in Category *887416312783
        
 Investor Returns vs Total Returnsthrough 01-31-10 
 Investor Return %Total Return %Investor Return
% Rank in Category
1-Year59.4561.445
3-Year Annualized-9.84-6.0855
5-Year Annualized-3.914.8185
10-Yr Annualized---------
 
*Data refers to Investor Returns
Tax Analysis
Dodge & Cox International Stock  DODFX
 Tax Analysis01-31-10 
 3-Yr Avg %5-Yr Avg %10-Yr Avg %
Pretax Return-6.084.81---
Tax-adjusted Return-7.313.81---
% Rank in Category182---
Tax Cost Ratio1.310.95---
    
Potential Cap Gains Exposure %-28.8
Sec Filing
Dodge & Cox International Stock  DODFX
Portfolio
Dodge & Cox International Stock  DODFX
  Style Box Details 12-31-09 
Size 
Average Mkt Cap $Mil27,852
  
Market Capitalization% of
Portfolio
Giant51.80
Large33.91
Medium12.38
Small1.09
Micro0.82
  
 
   
Investment Style History (as of 12-31)
2009
2008
2007
Valuations and Growth RatesStock PortfolioRel to MSCI EAFE NR USDRel to Category
Price/Prospective Earnings14.0---1.1
Price/Book1.2---1.0
Price/Sales0.5---0.8
Price/Cash Flow4.2---0.8
Dividend Yield 4.5---0.9
Long-Term Earnings10.2--- 1.1
Historical Earnings40.8----4.8
Sales Growth18.0----5.6
Cash-Flow Growth150.2----21.9
Book-Value Growth-5.4---1.1
     
Style Box Detail calculations do not include the fund´s short positions (if any).
 Asset Allocation12-31-09 
 % Long% Short% Net Assets
Cash2.00.02.0
Stocks98.10.098.1
Bonds0.00.00.0
Other0.00.1-0.1
Foreign Stocks91.90.091.9
(as a % of assets)
 Sector Weightings 12-31-09 
 % of StocksRel to MSCI EAFE NR USDRel to Cat Avg
Information
Software1.41---1.31
Hardware3.64---1.32
Media8.51---2.99
Telecommunications9.95---0.86
Service
Healthcare13.93---1.62
Consumer Services1.01---0.20
Business Services2.00---0.51
Financial Services21.11---0.96
Manufacturing
Consumer Goods17.32---1.09
Industrial Materials12.74---1.10
Energy7.98---0.85
Utilities0.39---0.08
     
Sector weighting calculations do not include the fund´s short positions (if any).
 International Exposure12-31-09 
Regional Exposure% of Assets Country Exposure% of Assets
North America6.3 United Kingdom13.3
UK/Western Europe 54.7 Japan13.1
Japan13.1 France11.3
Latin America6.3 Switzerland9.0
Asia ex-Japan7.2 United States6.3
Other10.5
Not Classified1.9
     
International Exposure calculations do not include the fund´s short positions (if any).
     
Holdings
Dodge & Cox International Stock  DODFX
 Top 25 Holdings    Get Price Quotes12-31-09 
Number of Stock Holdings (Long)96 Annual Turnover %35
Number of Bond Holdings (Long)0 Yield %1.43
Number of Stock Holdings (Short)0 % Assets in Top 10 Holdings27.02
Number of Bond Holdings (Short)0
     
Top 25 HoldingsSectorCountry% Net Assets
NaspersSouth Africa3.76
Novartis AG ADR*Switzerland3.29
LafargeFrance2.86
GlaxoSmithKline PLC ADR*United Kingdom2.72
HSBC Holdings PLCUnited Kingdom2.54
Schneider ElectricFrance2.53
Standard Chartered PLCUnited Kingdom2.43
Bayer AGGermany2.37
Nokia CorporationFinland2.26
Schlumberger, Ltd.*United States2.26
Sanofi-AventisFrance2.14
Vodafone Group PLC ADR*United Kingdom2.07
Koninklijke Philips Electronics, N.V.Netherlands2.02
Roche Holding AGSwitzerland1.98
Mitsubishi ElectricJapan1.87
UniCreditItaly1.83
Telefonica, S.A. ADR*Spain1.79
Grupo Televisa SA ADR*Mexico1.72
Standard Bank Group LtdSouth Africa1.68
Credit Suisse GrpSwitzerland1.60
Swiss Reinsurance CompanySwitzerland1.58
Infineon Technologies AGGermany1.56
Lukoil Company ADRRussia1.53
Kyocera CorporationJapan1.52
Fujitsu LimitedJapan1.37
Portfolio Holdings as of 12-31-09
Top 25 holdings account for the fund's short positions (if any), which appear shaded.
Management
Dodge & Cox International Stock  DODFX
 Management
Manager NameC. Bryan Cameron
Manager Start Date05-01-01
Biography
Cameron is co-director of the research department with Dodge & Cox. Previously, he had worked for the company for one year before earning his MBA and rejoining the company in 1983. He is a shareholder of the firm.
Manager NameYasha Gofman
Manager Start Date05-01-01
Biography
Gofman worked for Energy Management Associates, a division of EDS. He joined Dodge & Cox in 1995. Gofman is a shareholder of the firm and holds the Chartered Financial Analyst designation.
Manager NameJohn A. Gunn
Manager Start Date05-01-01
Biography
JOHN A. GUNN (I,F,IP) – Chief Executive Officer and Chief Investment Officer. Mr. Gunn graduated from Stanford University in 1966 and received his M.B.A. from the Stanford Graduate School of Business in 1972. He joined Dodge & Cox in 1972. He is a Trustee of the Dodge & Cox Funds. Mr. Gunn is a shareholder of the firm, a CFA charterholder and a Chartered Investment Counselor.
Manager NameGregory R. Serrurier
Manager Start Date05-01-01
Biography
Serrurier is a portfolio manager with Dodge & Cox, his employer since 1984. Serrurier is also a shareholder of the firm.
Manager NameDiana Strandberg
Manager Start Date05-01-01
Biography
Strandberg has been vice president of Dodge & Cox since 1988. Strandberg was previously employed by First Boston.
Manager NameMario C. DiPrisco
Manager Start Date01-01-04
Biography
DiPrisco is a portfolio manager with Dodge & Cox, his employer since 1998. He joined the company as a research assistant and assumed international company research responsibilities in 2000. DiPrisco holds the designation of the Chartered Financial Analyst.
Manager NameRoger G. Kuo
Manager Start Date05-01-06
Biography
Kuo joined Dodge & Cox in 1998. Prior to this, he worked at Bear Stearns as a financial analyst. Kuo has earned the designation of chartered financial analyst.
Manager NameKeiko Horkan
Manager Start Date05-01-07
Biography
Horkan joined Dodge & Cox in 2000. Prior to this, she worked for Booz Allen & Hamilton as a management consultant. Horkan has earned the designation of chartered financial analyst.
Manager NameCharles F. Pohl
Manager Start Date05-01-07
Biography
Pohl is co-director of the research department with Dodge & Cox. Pohl has been working for Dodge & Cox since 1984. Prior to joining the firm, Pohl was with Wells Fargo Investment Advisors from 1981 to 1984.
 
Fund Inception05-01-01
Fund Advisor(s)
Dodge & Cox
Fund Subadvisor(s)
Fees & Expenses
Dodge & Cox International Stock  DODFX
 Fees and Expenses05-01-09 
Maximum Sales Fees %
Initial None
Deferred None
  
Redemption Fees % None
  
Maximum Fees %
Administrative 0.00
Management0.60
  
Total Cost ProjectionsCost per $10,000
3-Year $205
5-Year $357
10-Year $798
  
 
Actual Fees %
12b-1 0.00
Management0.60
Net Expense Ratio: Annual Report 0.64
(As of 12-31-08)
Net Expense Ratio: Prospectus 0.64
   
Expense Waivers:
   
Purchase Info
Dodge & Cox International Stock  DODFX
 Purchase Information  
Minimum InvestmentsBrokerage Availability
Initial $2500
Additional $100
Initial IRA $1000
Additional IRA $100
Initial AIP $2500
Additional AIP $100
Address

Dodge & Cox Funds
40 Th Floor
San Francisco,  CA  94104
USA

800-621-3979
http://www.dodgeandcox.com

 
Ameriprise Brokerage
Ameriprise SPS Advantage
Bear Stearns
Bear Stearns No-Load Transaction Fee
CommonWealth PPS
CommonWealth Universe
DailyAccess Corporation FRIAG
DailyAccess Corporation RTC
DATALynx
Diversified 401(k)
DWS Retirement Sevs Investment Offerings
E TRADE Financial
EP Fee Large
EP Fee Small
ETrade No Load Fee
Federated TrustConnect
Fidelity Institutional FundsNetwork
Fidelity Retail FundsNetwork
Financial Network PAM and Prime Approved
Firstrade
FTJ FundCHOICE
H&R Block Financial Advisors Inc
Hartford CPS
Hartford RK Plus
HDVest - Wells Fargo
HSBC Brokerage (USA) Inc
ING Financial Advisers - SAS Funds
ING Financial Ptnrs PAM and PRIME Approv
JP Morgan
JP MORGAN NO-LOAD TRANSACTION FEE
JPMorgan INVEST
LPL SAM Approved
Matrix Financial Solutions
Merrill Lynch
Met Life Resources MFSP Alliance List
Mony Securities Corp
Morgan Stanley - Ntwk/Rdm Only-Brokerage
Multi-Financial Sec PAM and PRIME Approv
Nationwide Retirement Clear Adva
Nationwide Retirement Resource
Northwestern Mutual Inv Srvc, LLC
NYLIM 401(k) Complete
Pershing FundCenter
Principal Advantage
Protected Investors of America
Raymond James
Raymond James WRAP Eligible
RBC Wealth Management-Advisory Eligible
RBC Wealth Management-Network Eligible
Robert W. Baird & Co.
Schwab Institutional
Schwab Retail
Schwab RPS All
Schwab RPS SDE
Scottrade TF
Securities America Advisors
Standard Retirement Services, Inc.
Sterne, Agee & Leach, Inc.,
Sun Life CPS
Sun Life Recordkeeper Plus
SunAmerica Securities Premier / Pinnacle
SunGard Transaction Network
T. Rowe Price
TD Ameritrade Institutional
TD Ameritrade Institutional Services
TD Ameritrade Retail
Td Ameritrade, Inc.
Thrivent – Advisory Eligible
TIAA-CREF Brokerage Services
Trade PMR Transaction Fee
TRUSTlynx
Vanguard
Wachovia CustomChoice & Asset Adv
Wachovia FundSource
Wachovia PIM
Wells Fargo Advisors CustomChoice
WR Hambrecht Co LLC
Analyst Report Archive
Dodge & Cox International Stock  DODFX
 Analyst Report Archive 
DateAnalyst Report Analyst
12-01-09After a poor year, a recovery. Gregg Wolper
06-09-09There's been a lot of excitement lately at this fund. Gregg Wolper
01-15-09A disappointing turnabout in the latter part of 2008 doesn't alter this fund's appeal. Gregg Wolper
10-16-08A tough time for this long-term winner. Gregg Wolper
08-12-08Holding up better than most during turbulent times. Gregg Wolper
03-05-08Shareholders can feel comfortable owning this fund. Gregg Wolper
11-19-07This is a fund for the long run. Gregg Wolper
10-15-07This is steady but not staid. Gregg Wolper
05-04-07Is this popular mutual fund getting too big? Gregg Wolper
12-16-06It’s still easy to feel comfortable owning this mutual fund. Gregg Wolper
07-17-06This mutual fund should be a long-term winner, but its recent absolute returns aren't sustainable. William Samuel Rocco
03-01-06Recent purchases and sales reveal a consistent process but may also signal a turn in the tide. Gareth Lyons
12-21-05We sound like a broken record, but investors at this mutual fund need to temper their expectations. Kunal Kapoor, CFA
05-02-05Our 2004 International-Stock Managers of the Year. Kunal Kapoor, CFA
11-08-04This fund's management team is a candidate for International-Stock Manager of the Year. Kunal Kapoor, CFA
06-29-04Tuck it away for the long haul. Kunal Kapoor, CFA
01-13-04It's no surprise that this fund is attracting attention. William Samuel Rocco
10-20-03This fund is wider-ranging and more appealing than most of its peers. William Samuel Rocco
09-26-03This mutual fund is broader and better than most of its rivals. William Samuel Rocco
08-20-03This fund has all the makings of a first-rate core international holding. William Samuel Rocco
07-22-03This youngster continues to bolster its case. William Samuel Rocco
06-01-03This mutual fund's perseverance has been a real plus. William Samuel Rocco
03-18-03We think this mutual fund is an excellent choice for international investors. William Samuel Rocco
01-22-03Dodge & Cox International Stock Fund is a first-rate option for overseas bargain-hunters. William Samuel Rocco
11-26-02This young fund is already acting like a seasoned pro. William Samuel Rocco
09-25-02We have high hopes for this young fund. William Samuel Rocco
05-01-02Dodge & Cox International Stock has kept up its family's fine reputation during its first year. William Samuel Rocco
04-16-02This bargain-hunter's strong start comes as no surprise. William Samuel Rocco
11-26-01Keep your eyes on this youngster. William Samuel Rocco
© Copyright 2010 Morningstar, Inc. All rights reserved. Not to be redistributed without written permission. To order reprints call 312-696-6100.
Italics indicate Extended Performance. Extended performance is an estimate based on the performance of the fund's oldest share class, adjusted for fees.