Dodge and Cox Stock Fund: A 51-Year Track Record of Success

Introduction

For over five decades, Dodge and Cox Stock Fund has consistently outperformed its peers, delivering superior returns to investors. With a history dating back to 1965, the fund has navigated numerous market cycles, proving its resilience and ability to generate long-term growth.

Investment Philosophy

Dodge and Cox Stock Fund adheres to a value-oriented investment philosophy, focusing on companies with strong fundamentals, attractive valuations, and long-term growth potential. The fund's managers conduct thorough research to identify businesses with a competitive advantage, strong management teams, and sustainable earnings.

Long-Term Track Record

Over the past 51 years, Dodge and Cox Stock Fund has achieved impressive performance. According to Morningstar, the fund has returned an average of 10.8% per year since its inception, outperforming the S&P 500 Index by approximately 1.5% per year.

Portfolio Characteristics

The fund's portfolio typically consists of 50 to 75 high-quality companies. The top holdings include:

• Microsoft Corporation (MSFT)
• Alphabet Inc. (GOOGL)
• UnitedHealth Group Inc. (UNH)
• Apple Inc. (AAPL)
• Berkshire Hathaway Inc. (BRK.B)

Management Team

Dodge and Cox Stock Fund is managed by a team of experienced investment professionals with an average of over 20 years of experience. The team includes:

• David S. Aiken, CFA (Portfolio Manager)
• John P. Gunn, CFA (Portfolio Manager)
• Matthew E. Mueller, CFA (Portfolio Manager)

Fees and Expenses

The fund's expense ratio is 0.51%, which is below the average expense ratio for actively managed equity funds.

Risk Considerations

As with any investment, Dodge and Cox Stock Fund is subject to market risk. The fund's value can fluctuate based on economic conditions, industry trends, and individual company performance.

Is Dodge and Cox Stock Fund Right for You?

Dodge and Cox Stock Fund is suitable for investors seeking a low-cost, value-oriented investment option with a long-term track record of success. Consider the following if this fund aligns with your financial goals:

• Long investment horizon (5 years or more)
• Tolerance for market volatility
• Preference for fundamental analysis and value investing

Conclusion

Dodge and Cox Stock Fund has consistently outperformed its peers over the past five decades, delivering superior returns to investors. Its value-oriented approach, experienced management team, and low expenses make it a compelling option for investors seeking long-term growth.

Key Figures

• 51-year track record
• 10.8% average annual return
• 1.5% outperformance over the S&P 500 Index
• 0.51% expense ratio

Tips and Tricks

• Invest early and consistently.
• Consider dollar-cost averaging to reduce the impact of market volatility.
• Rebalance your portfolio regularly to maintain your desired asset allocation.
• Stay informed about the fund's holdings and performance.

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