Morningstar Report 11-21-09
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Rating and Risk
Dodge & Cox Stock  DODGX
 Morningstar Rating (Relative to Category)10-31-09 
 Morningstar ReturnMorningstar RiskMorningstar RatingTM
3-YearBelow AverageAbove Average2 stars
5-YearAverageAbove Average2 stars
10-YearHighAbove Average5 stars
OverallAbove AverageAbove Average4 stars
Morningstar Category: Large ValueClick here to see our Methodology
 Volatility Measurements Trailing 3-Yr through 10-31-09 | *Trailing 5-Yr through 10-31-09 
Standard Deviation23.68 Sharpe Ratio-0.45
Mean-8.16 Bear Market Decile Rank*7
 Modern Portfolio Theory StatisticsTrailing 3-Yr through 10-31-09 
 Standard Index
S&P 500 TR		Best Fit Index
Russell 1000
R-Squared9696
Beta1.181.16
Alpha-1.47-1.97
Total Returns
Dodge & Cox Stock  DODGX
 Growth of $10,00010-31-09 
Fund: Dodge & Cox StockCategory: Large ValueIndex: S&P 500 TR
 
 Performance History11-20-09 
 2002200320042005200620072008 YTD
Total Return %-10.532.319.29.418.50.1-43.328.0
+/- Index---------------------4.5
+/- Category8.23.96.23.40.4-1.3-6.212.2
% Rank in Category418418476291---
Fund CategoryLVLVLVLVLVLVLVLV
See fund category codes
         
 Trailing Total Returnsthrough 11-20-09 
 Total Return %+/- S&P 500 TR+/- Morningstar Large Value TR USD Index % Rank in Cat
1-Day-0.62-0.32-0.54---
1-Week-0.74-0.61-1.50---
1-Month-0.89-1.15-1.10---
3-Month8.60-0.311.49---
Year-to-date27.984.4616.39---
1-Year58.8410.0422.30---
3-Year Annualized-9.30-3.400.42---
5-Year Annualized-0.18-0.86-0.04---
10-Yr Annualized5.656.504.17---
     
 Historical Quarterly Returns 
Q1Q2Q3Q4
2009-14.8623.1019.88---
2008-11.93-4.48-12.10-23.34
20071.725.41-1.92-4.78
20065.300.814.826.54
20050.120.565.453.01
20044.961.06-0.2612.64
2003-5.2916.595.2413.88
Investor Returns
Dodge & Cox Stock  DODGX
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 %-11.535.218.99.217.9-0.7-43.7
Total Return %-10.532.319.29.418.50.1-43.3
+/- Category *6.74.54.73.2-0.1-0.9-6.5
% Rank in Category *9181420496290
        
 Investor Returns vs Total Returnsthrough 10-31-09 
 Investor Return %Total Return %Investor Return
% Rank in Category
1-Year13.0814.3825
3-Year Annualized-11.49-10.5075
5-Year Annualized-1.39-0.2361
10-Yr Annualized2.225.5132
 
*Data refers to Investor Returns
Tax Analysis
Dodge & Cox Stock  DODGX
 Tax Analysis10-31-09 
 3-Yr Avg %5-Yr Avg %10-Yr Avg %
Pretax Return-10.50-0.235.51
Tax-adjusted Return-11.67-1.304.04
% Rank in Category74494
Tax Cost Ratio1.311.071.39
    
Potential Cap Gains Exposure %-27.6
Sec Filing
Dodge & Cox Stock  DODGX
Portfolio
Dodge & Cox Stock  DODGX
  Style Box Details 09-30-09 
Size 
Average Mkt Cap $Mil34,706
  
Market Capitalization% of
Portfolio
Giant52.11
Large35.26
Medium12.06
Small0.56
Micro0.00
  
 
Ownership Zone
 
 
Fund centroid represents weighted average of domestic stock holdings
  
Zone represents 75% of fund's domestic stock holdings
   
Investment Style History (as of 12-31)
2009
2008
2007
Valuations and Growth RatesStock PortfolioRel to S&P 500 TRRel to Category
Price/Prospective Earnings15.41.01.1
Price/Book1.60.81.0
Price/Sales0.70.81.0
Price/Cash Flow4.80.81.0
Dividend Yield 3.41.10.9
Long-Term Earnings10.21.01.1
Historical Earnings-4.21.42.0
Sales Growth8.21.11.1
Cash-Flow Growth3.90.40.5
Book-Value Growth-1.91.31.8
     
Style Box Detail calculations do not include the fund´s short positions (if any).
 Asset Allocation09-30-09 
 % Long% Short% Net Assets
Cash1.40.0 1.4
Stocks97.40.0 97.4
Bonds0.00.0 0.0
Other1.20.01.2
Foreign Stocks15.90.015.9
(as a % of assets)
 Sector Weightings 09-30-09 
 % of StocksRel to S&P 500 TRRel to Cat Avg
Information
Software5.391.142.63
Hardware7.750.701.45
Media12.324.883.54
Telecommunications6.141.141.03
Service
Healthcare22.441.902.03
Consumer Services6.770.770.89
Business Services2.300.670.82
Financial Services12.820.880.63
Manufacturing
Consumer Goods5.310.480.52
Industrial Materials8.780.810.73
Energy9.970.820.70
Utilities0.000.000.00
     
Sector weighting calculations do not include the fund´s short positions (if any).
Holdings
Dodge & Cox Stock  DODGX
 Top 25 Holdings    Get Price Quotes09-30-09 
Number of Stock Holdings (Long)85 Annual Turnover %31
Number of Bond Holdings (Long)0 Yield %1.43
Number of Stock Holdings (Short)--- % Assets in Top 10 Holdings32.57
Number of Bond Holdings (Short)---
     
Top 25 HoldingsSectorP/EYTD Return %% Net Assets
Hewlett-Packard Company*11.1638.554.78
Schlumberger, Ltd.*9.5851.123.47
Novartis AG ADR*13.9910.233.29
Comcast Corporation A*19.65-9.513.24
General Electric Company*11.11-0.623.20
Wells Fargo Company*42.19-3.803.17
Motorola, Inc.*---86.912.99
Capital One Financial Corporation*---19.872.86
Merck & Co., Inc.*8.3523.682.82
GlaxoSmithKline PLC ADR*14.7116.412.75
News Corporation, Ltd. A*---33.112.73
Amgen, Inc.*14.81-4.102.68
Time Warner, Inc.*---44.212.54
Occidental Petroleum Corporation*7.2034.972.46
FedEx Corporation*19.5328.002.24
Pfizer Inc.*14.888.192.11
The Dow Chemical Company*24.3388.071.98
WellPoint, Inc.*8.8523.761.94
Sanofi-Aventis ADR*15.7521.541.88
Baker Hughes Inc.*6.0528.131.69
eBay, Inc.*10.2763.251.65
Chevron Corporation*6.347.381.56
UnitedHealth Group, Inc.*11.097.481.54
Sony Corporation ADR*21.8322.541.54
Time Warner Cable, Inc. A*---13.751.42
YTD Return through 11-20-09
Portfolio Holdings as of 09-30-09
Top 25 holdings account for the fund's short positions (if any), which appear shaded.
Management
Dodge & Cox Stock  DODGX
 Management
Manager NameJohn A. Gunn
Manager Start Date01-01-77
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 NameKenneth E. Olivier
Manager Start Date01-01-85
Biography
Olivier joined Dodge & Cox in 1979 and currently serves on the company's investment policy committee. He is past president of the Security Analysts Society of San Francisco and a member of both the American Bar Association and the California Bar Association. Olivier is a Chartered Investment Counselor.
Manager NameC. Bryan Cameron
Manager Start Date01-01-92
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 NameCharles F. Pohl
Manager Start Date01-01-92
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.
Manager NameGregory R. Serrurier
Manager Start Date01-01-96
Biography
Serrurier is a portfolio manager with Dodge & Cox, his employer since 1984. Serrurier is also a shareholder of the firm.
Manager NameWendell W. Birkhofer
Manager Start Date01-01-02
Biography
Prior to entering the M.B.A. program, Birkhofer worked for six years with Wen Birkhofer & Co., an investment broker dealer firm in Los Angeles. He joined Dodge & Cox in 1987. Birkhofer is a shareholder of the firm, a Chartered Investment Counselor, and holds the Chartered Financial Analyst designation.
Manager NameDavid C. Hoeft
Manager Start Date01-01-02
Biography
Prior to entering graduate school, Hoeft worked for two years as a consultant to the energy industry. He joined Dodge & Cox in 1993. He is a shareholder of the firm and holds the Chartered Financial Analyst designation.
Manager NameDiana Strandberg
Manager Start Date01-01-04
Biography
Strandberg has been vice president of Dodge & Cox since 1988. Strandberg was previously employed by First Boston.
Manager NameSteven C. Voorhis
Manager Start Date05-01-06
Biography
Voorhis joined Dodge & Cox in 1996. Previously, he worked at Goldman Sachs as a financial analyst.
 
Fund Inception01-04-65
Fund Advisor(s)
Dodge & Cox
Fund Subadvisor(s)
Fees & Expenses
Dodge & Cox Stock  DODGX
 Fees and Expenses05-01-09 
Maximum Sales Fees %
Initial None
Deferred None
  
Redemption Fees % None
  
Maximum Fees %
Administrative 0.00
Management0.50
  
Total Cost ProjectionsCost per $10,000
3-Year $167
5-Year $291
10-Year $653
  
 
Actual Fees %
12b-1 0.00
Management0.50
Net Expense Ratio: Annual Report 0.52
(As of 12-31-08)
Net Expense Ratio: Prospectus 0.52
   
Expense Waivers:
   
Purchase Info
Dodge & Cox Stock  DODGX
 Purchase Information  
Minimum InvestmentsBrokerage Availability
Initial $2500
Additional $100
Initial IRA $1000
Additional IRA $100
Initial AIP $2500
Additional AIP $100
Address

555 California St
40 Th Floor
San Francisco,  CA  94104


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

 
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Analyst Report Archive
Dodge & Cox Stock  DODGX
 Analyst Report Archive 
DateAnalyst Report Analyst
08-25-09Mutual fund, heal thyself. Dan Culloton
03-19-09Find some reason to believe. Dan Culloton
10-10-08Stay the course. Laura Pavlenko Lutton
06-16-08This mutual fund is open to new investors again. Dan Culloton
02-04-08This mutual fund is open to new investors again. Dan Culloton
12-28-07Has this fund lost it? Dan Culloton
07-25-07This mutual fund never gets old. Dan Culloton
03-16-07This mutual fund is trustworthy. Dan Culloton
11-20-06Heads up: This mutual fund is about to make a capital gains distribution. Dan Culloton
09-25-06When you least expect it, expect it. Dan Culloton
05-01-06This mutual fund has made a certain senior analyst look like the boy who cried wolf. Dan Culloton
11-07-05This mutual fund has a tough act to follow: itself. Dan Culloton
06-03-05Not perfect, but still one of the best. Dan Culloton
02-15-05This fund is closed but not forgotten. Dan Culloton
12-07-04This is not a "what have you done for me lately" fund. Dan Culloton
09-14-04Should this fund consider a hard close? Dan Culloton
04-13-04There's nothing dodgy here. Dan Culloton
01-06-04This value standout is closing. William Samuel Rocco
11-01-03This value standout is closing. William Samuel Rocco
09-29-03This fund continues to prosper, and investors continue to notice. William Samuel Rocco
07-26-03This behemoth remains one of the best core holdings around. William Samuel Rocco
05-30-03Dedicated bargain hunters couldn't ask for much more than Dodge & Cox Stock Fund William Samuel Rocco
04-23-03Despite its recent woes, we remain keen on Dodge & Cox Stock. William Samuel Rocco
12-22-02Patience has proved a virtue for this Fund Analyst Pick. William Samuel Rocco
12-09-02This fund continues to crush the competition. William Samuel Rocco
07-16-02Dodge & Cox Stock remains more restrained and more rewarding than its rivals. William Samuel Rocco
02-24-02This tortoise remains a real winner. William Samuel Rocco
01-30-02Here's a reminder that funds don't need complex or fast-moving strategies to excel. William Samuel Rocco
10-16-01It's business as usual at Dodge & Cox Stock, and that's great. William Samuel Rocco
08-27-01This slow-moving value hound continues to rank among its category's best. William Samuel Rocco
06-29-01This fund continues to be more consistent and more effective than the vast majority of its rivals. William Samuel Rocco
05-03-01Dodge & Cox Stock Fund remains steadfast and a standout. William Samuel Rocco
01-16-01Dodge & Cox Stock Fund is a keeper. Hap Bryant
08-24-00Dodge & Cox Stock is showing its usual vigor. Sarah C. Bush
10-01-99Though its performance has improved, Dodge & Cox Stock Fund hasn't changed much. Sarah C. Bush
09-30-99Though its performance has improved, Dodge & Cox Stock Fund hasn't changed much. Sarah C. Bush
04-15-99Dodge and Cox Stock Fund is a true-blue value vehicle, but it has been racing on the growth track lately. Amy Granzin
11-20-98Viewed from the right angle, Dodge & Cox Stock Fund's disappointing 1998 showing is fairly easy to understand. Amy Granzin
06-16-98Dodge and Cox Stock Fund can require some patience, but it's probably worth the wait. Amy Granzin
01-09-98Dodge & Cox Stock Fund is an exemplary member of its category. Paul D. Ellenbogen
08-15-97The managers of Dodge & Cox Stock Fund rightly hypothesize an excessively-efficient market, and they play it well. Paul D. Ellenbogen
03-28-97Dodge & Cox Stock Fund fulfills the physicist's definition of efficiency--maximum results from minimum effort. Paul D. Ellenbogen
11-08-96In the contest between active management and indexing, Dodge & Cox Stock Fund scores big for the active side. Paul D. Ellenbogen
08-02-96At last, Dodge & Cox Stock Fund has been discovered. Cebra Graves
03-15-96Dodge & Cox Stock Fund has little flash, but lots of substance. Cebra Graves
10-27-95Dodge & Cox Stock Fund makes a strong argument for active management. Cebra Graves
06-09-95Dodge & Cox Stock Fund is only tracking its bogy this year, but shareholders probably aren't complaining. Jason Windawi
01-20-95Dodge & Cox Stock Fund stays away from the crystal ball. Jason Windawi
09-02-94Dodge & Cox Stock Fund is a value buyer's dream. Daniel OKeefe
04-01-94Dodge & Cox Stock Fund has done anything but dodge market favor recently. Daniel OKeefe
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