Dodge & Cox announced last week that it will open its Dodge & Cox Stock Fund (DODGX) and Dodge & Cox Balanced Fund (DODBX) to new investors beginning today, Monday, February 4, 2008. Both funds were closed in 2004 to new investors, although existing investors were permitted to continue investing in the funds. I’ve owned DODGX for a number of years and have been very happy with its performance. Last year, however, was not the fund’s best, which has led to increased redemptions. Now Dodge & Cox is in a position to handle more capital in both of these funds, thus prompting it’s decision to open the funds to new investors.
I originally bought DODGX to give my portfolio exposure to a value fund. It’s current P/E is just over 12, and its expense ratio is a reasonable .52 with no loads. It’s a 5-start fund according to Morningstar’s rating system. You can view a snapshot of the fund at Morningstar.
I’ve never owned the Dodge & Cox Balance Fund, but will now be giving it serious consideration. DODBX invests in value equities and intermediate term high quality bonds. It’s a 4-star fund with an expense ratio of .52 and a yield of 2.83%.
Of course, I never recommend specific investments on The Dough Roller. I invest in DODGX and will consider DODBX, but you’ll have to decide for yourself whether they are right for you. With both funds opening to new investors, however, the funds are definitely worth considering.
Published or updated March 30, 2012.