DODBX: Dodge & Cox Balanced

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

DODBX Dodge & Cox Balanced


Profile

DODBX - Profile

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 7.8%
  • Net Assets $15.7 B
  • Holdings in Top 10 22.0%

52 WEEK LOW AND HIGH

$101.89
$96.28
$106.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 8.7%
  • 5 Yr Annualized Total Return 7.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Dodge & Cox Balanced Fund
  • Fund Family Name
    Dodge & Cox
  • Inception Date
    Jun 26, 1931
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven Voorhis

Fund Description

The Dodge & Cox Balanced Fund (DODBX) is a low-cost, actively managed fund that seeks to provide current income as well as capital appreciation. As a balanced fund, DODBX invests in both equity and fixed-income securities. Under a market neutral scenario, the fund will hold no more than 75% and no less than 25% of its assets in stocks. The remainder is invested in bonds. The fund uses a round-table discussion among its stable of managers to choose stocks based on future earnings metrics, cash flows and dividends, and credit analysis to choose bonds.

Given its broad mandate and focus on both stocks and bonds, DODBX makes for a great core position. The fund is managed by Dodge & Cox Advisors.


Get Updates About DODBX

Sign up for Advisor Access to receive email updates about DODBX competitors, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

DODBX - Fund Company Quick Screens


Performance

DODBX - Performance

Return Ranking - Trailing

Period DODBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -8.9% 6.6% 83.74%
1 Yr 19.6% -47.4% 27.3% 8.70%
3 Yr 8.7%* -36.7% 14.3% 9.19%
5 Yr 7.8%* -39.6% 12.6% 5.15%
10 Yr 10.3%* -38.8% 17.6% 3.77%

* Annualized

Return Ranking - Calendar

Period DODBX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -50.4% 46.8% 72.00%
2018 -12.8% -31.8% 19.0% 80.38%
2017 3.5% -44.7% 46.3% 75.15%
2016 9.5% -84.5% 146.1% 7.76%
2015 -7.9% -40.7% 14.6% 74.56%

Total Return Ranking - Trailing

Period DODBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -8.9% 6.6% 83.74%
1 Yr 19.6% -47.4% 27.3% 7.30%
3 Yr 8.7%* -36.7% 14.3% 11.74%
5 Yr 7.8%* -39.6% 12.6% 5.54%
10 Yr 10.3%* -38.8% 18.5% 4.60%

* Annualized

Total Return Ranking - Calendar

Period DODBX Return Category Return Low Category Return High Rank in Category (%)
2019 8.9% -50.4% 46.8% 72.11%
2018 -4.7% -27.4% 19.0% 30.82%
2017 12.6% -44.7% 46.3% 26.39%
2016 16.6% -84.5% 146.1% 4.07%
2015 -2.9% -36.9% 14.6% 51.84%

NAV & Total Return History


Holdings

DODBX - Holdings

Concentration Analysis

DODBX Category Low Category High DODBX % Rank
Net Assets 15.7 B 299 K 161 B 4.94%
Number of Holdings 435 2 13691 29.71%
Net Assets in Top 10 3.45 B -39.4 M 33.7 B 7.32%
Weighting of Top 10 22.00% 9.2% 210.3% 70.50%

Top 10 Holdings

  1. Charles Schwab Corp 2.66%
  2. Wells Fargo & Co 2.59%
  3. Capital One Financial Corp 2.22%
  4. Bank of America Corp 2.14%
  5. Alphabet Inc Class C 2.13%
  6. FedEx Corp 2.12%
  7. Microsoft Corp 2.12%
  8. Charter Communications Inc A 2.09%
  9. Comcast Corp Class A 1.98%
  10. Cigna Corp 1.93%

Asset Allocation

Weighting Return Low Return High DODBX % Rank
Stocks
65.41% -41.01% 79.55% 8.58%
Bonds
32.88% -2.79% 79.17% 69.87%
Cash
1.24% -110.26% 75.57% 80.54%
Preferred Stocks
0.26% 0.00% 44.10% 36.82%
Convertible Bonds
0.22% -0.84% 71.85% 62.97%
Other
0.00% -41.44% 209.72% 72.18%

Stock Sector Breakdown

Weighting Return Low Return High DODBX % Rank
Financial Services
26.47% 0.00% 67.69% 2.70%
Healthcare
22.61% 0.00% 66.75% 1.73%
Technology
15.58% 0.00% 72.78% 51.40%
Communication Services
12.32% 0.00% 32.16% 4.97%
Energy
10.03% 0.00% 100.00% 10.15%
Industrials
7.68% 0.00% 99.44% 82.18%
Consumer Cyclical
3.56% 0.00% 34.40% 90.06%
Consumer Defense
0.88% 0.00% 24.28% 92.44%
Basic Materials
0.87% 0.00% 100.00% 88.34%
Utilities
0.00% 0.00% 100.00% 91.79%
Real Estate
0.00% 0.00% 100.00% 95.14%

Stock Geographic Breakdown

Weighting Return Low Return High DODBX % Rank
US
57.93% -41.02% 75.95% 14.96%
Non US
7.48% -2.62% 29.45% 33.05%

Bond Sector Breakdown

Weighting Return Low Return High DODBX % Rank
Corporate
39.23% 0.00% 100.00% 33.58%
Securitized
34.59% 0.00% 59.50% 14.44%
Government
20.62% 0.00% 97.23% 58.47%
Cash & Equivalents
3.60% 0.00% 100.00% 86.09%
Municipal
1.96% 0.00% 99.78% 12.55%
Derivative
0.00% 0.00% 64.96% 60.98%

Bond Geographic Breakdown

Weighting Return Low Return High DODBX % Rank
US
27.53% -3.97% 84.24% 78.56%
Non US
5.35% -12.68% 26.09% 23.12%

Expenses

DODBX - Expenses

Operational Fees

DODBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.00% 18.45% 81.10%
Management Fee 0.50% 0.00% 2.00% 43.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% 50.19%

Sales Fees

DODBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

DODBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DODBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 1504.00% 26.80%

Distributions

DODBX - Distributions

Dividend Yield Analysis

DODBX Category Low Category High DODBX % Rank
Dividend Yield 0.00% 0.00% 9.32% 73.74%

Dividend Distribution Analysis

DODBX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

DODBX Category Low Category High DODBX % Rank
Net Income Ratio 2.06% -4.40% 6.65% 39.70%

Capital Gain Distribution Analysis

DODBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

DODBX - Fund Manager Analysis

Managers

Steven Voorhis


Start Date

Tenure

Tenure Rank

May 01, 2006

13.68

13.7%

Mr. Voorhis received his B.A. and M.A. degrees from Stanford University in 1992 and his M.B.A from the Harvard Business School in 1996. Prior to graduate school, he worked at Goldman Sachs as a financial analyst. He joined Dodge & Cox in 1996. Mr. Voorhis is a shareholder of the firm and a CFA charterholder.

Anthony Brekke


Start Date

Tenure

Tenure Rank

May 01, 2008

11.67

11.7%

Mr. Brekke received his B.A. degree from the University of Iowa in 1997 and his M.B.A. degree from the Haas School of Business at the University of California, Berkeley in 2003. Prior to entering the Haas School, he worked for four years as an auditor with the National Futures Association. He joined Dodge & Cox in 2003. Mr. Brekke is a shareholder of the firm and a CFA charterholder.

Adam Rubinson


Start Date

Tenure

Tenure Rank

Feb 15, 2010

9.88

9.9%

Mr. Rubinson received his B.A. degree (summa cum laude) from Columbia College in 1988 and his J.D. degree from the Stanford Law School in 1991. From 1991 to 1997 he practiced corporate law at Sullivan & Cromwell. Prior to joining Dodge & Cox in 2002, he worked in the fixed income and investment banking divisions of Goldman Sachs. Mr. Rubinson is a shareholder of the firm and a CFA charterholder.

Lucy Johns


Start Date

Tenure

Tenure Rank

Mar 30, 2012

7.76

7.8%

Ms. Johns received her B.A. degree (magna cum laude) from Williams College in 1996 and her M.B.A. degree from the UCLA Anderson School of Management in 2004. Prior to graduate school, she worked for approximately two years each at Merrill Lynch as a financial analyst, Dodge & Cox as a research assistant, and NBC Internet as a Senior Product Manager. Ms. Johns rejoined Dodge & Cox in 2004. She is a shareholder of the firm and a CFA charterholder.

Philippe Barret


Start Date

Tenure

Tenure Rank

Feb 28, 2013

6.84

6.8%

Philippe Barret, Jr., Vice President — Mr. Barret received his B.A. degree (magna cum laude) from Washington and Lee University in 1998 and his M.B.A. degree from the Stanford Graduate School of Business in 2004. Between degrees, he worked as financial analyst at JP Morgan and American Securities Capital Partners, LLC. Mr. Barret joined Dodge & Cox in 2004. He is a shareholder of the firm and holds the CFA® designation.

Kathleen McCarthy


Start Date

Tenure

Tenure Rank

Jan 31, 2016

3.92

3.9%

Ms. McCarthy received her B.A. degree in Economics from Stanford University in 2001 and her M.B.A. degree from the Stanford Graduate School of Business in 2007. Prior to graduate school, she worked at Merrill Lynch and Palladium Equity Partners. Ms. McCarthy joined Dodge & Cox in 2007 and is a shareholder of the firm and a CFA charterholder.

Karol Marcin


Start Date

Tenure

Tenure Rank

Jan 31, 2018

1.92

1.9%

Mr. Marcin received his B.A. (summa cum laude) from Whitman College in 1995 and his M.B.A. from the Stanford Graduate School of Business in 2000. Prior to entering graduate school, he worked for three years as a financial analyst with Salomon Brothers. Mr. Marcin joined Dodge & Cox in 2000. Mr. Marcin is a shareholder of the firm and a CFA charterholder.

Michael Kiedel


Start Date

Tenure

Tenure Rank

Jan 31, 2018

1.92

1.9%

Mr. Kiedel received his B.A. degree (cum laude) from Harvard College in Economics in 1998 and his M.B.A. from the Stanford Graduate School of Business in 2008. Prior to entering graduate school, Mr. Kiedel worked in Deutsche Bank’s technology investment banking group and then as a specialty finance entrepreneur. He joined Dodge & Cox in 2008. Mr. Kiedel is a shareholder of the firm and a CFA charterholder.

Nils Reuter


Start Date

Tenure

Tenure Rank

Jan 31, 2018

1.92

1.9%

Mr. Reuter received B.A. degrees from Brown University in Biology and Sociology in 2001 and his M.B.A. (with honors) from the Haas School of Business at the University of California, Berkeley in 2016. He joined Dodge & Cox in 2003. Mr. Reuter is a shareholder of the firm and CFA charterholder.

Benjamin Garosi


Start Date

Tenure

Tenure Rank

Jan 31, 2019

0.92

0.9%

Benjamin V. Garosi, is Vice President of Dodge & Cox; Research Analyst and member of USEIC (since January 2019). Mr. Garosi received his B.A. degree (Phi Beta Kappa) in Economics from the University of California, Berkeley in 2002 and his M.B.A. degree from the Harvard Business School in 2009. Prior to graduate school, he worked at Blum Capital Partners and Goldman Sachs. Mr. Garosi joined Dodge & Cox in 2009. He is a shareholder of the firm and a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.02 6.96 7.62