Dodge & Cox Balanced Fund (DODBX)
The investment seeks regular income, conservation of principal, and an opportunity for long-term growth of principal and income. The fund invests in a diversified portfolio of equity securities and debt securities. Under normal circumstances no less than 25% and no more than 75% of the fund's total assets will be invested in equity securities. It may invest up to 20% of its total assets in U.S. dollar-denominated equity or debt securities of non-U.S. issuers traded in the United States that are not in the S&P 500 Index.
Fund Info
| ISIN | US2562011047 |
|---|---|
| CUSIP | 256201104 |
| Issuer | Dodge & Cox |
| Inception Date | Jun 25, 1931 |
| Category | Diversified Portfolio |
| Min. Investment | $2,500 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
DODBX has a high expense ratio of 0.52%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dodge & Cox Balanced Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Dodge & Cox Balanced Fund had a return of 5.56% year-to-date (YTD) and 18.42% in the last 12 months. Over the past 10 years, Dodge & Cox Balanced Fund had an annualized return of 8.34%, while the S&P 500 had an annualized return of 10.97%, indicating that Dodge & Cox Balanced Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.56% | 11.29% |
| 1 month | 3.96% | 4.87% |
| 6 months | 12.32% | 17.88% |
| 1 year | 18.42% | 29.16% |
| 5 years (annualized) | 9.53% | 13.20% |
| 10 years (annualized) | 8.34% | 10.97% |
Monthly Returns
The table below presents the monthly returns of DODBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.27% | 1.02% | 3.83% | -2.46% | 5.56% | ||||||||
| 2023 | 5.58% | -2.75% | -0.24% | 1.12% | -2.37% | 4.47% | 3.69% | -1.55% | -2.05% | -2.72% | 5.90% | 4.54% | 13.77% |
| 2022 | 0.59% | -1.66% | 0.38% | -5.79% | 3.00% | -6.46% | 3.91% | -2.37% | -7.10% | 5.94% | 5.62% | -2.45% | -7.30% |
| 2021 | -0.11% | 6.04% | 3.73% | 3.85% | 2.36% | -0.08% | -0.24% | 1.78% | -2.63% | 2.52% | -2.73% | 3.60% | 19.21% |
| 2020 | -1.66% | -5.56% | -14.87% | 10.59% | 2.64% | 1.78% | 2.19% | 3.20% | -2.03% | -1.06% | 12.40% | 2.82% | 7.93% |
| 2019 | 5.93% | 1.37% | 0.41% | 3.15% | -4.41% | 4.14% | 1.48% | -2.63% | 2.18% | 1.77% | 2.77% | 2.34% | 19.64% |
| 2018 | 3.42% | -2.72% | -2.07% | 0.19% | 0.30% | 1.04% | 3.02% | 1.12% | 0.00% | -3.58% | 1.85% | -6.84% | -4.66% |
| 2017 | 1.77% | 2.20% | -0.24% | 0.49% | 0.11% | 0.96% | 1.25% | -0.60% | 2.47% | 0.34% | 1.56% | 1.66% | 12.59% |
| 2016 | -4.51% | -0.40% | 5.46% | 1.87% | 1.54% | -1.40% | 4.10% | 1.61% | 0.83% | -0.23% | 5.88% | 1.12% | 16.55% |
| 2015 | -3.19% | 4.11% | -1.05% | 1.88% | 0.82% | -1.31% | 0.90% | -4.93% | -2.92% | 5.65% | -0.33% | -2.03% | -2.86% |
| 2014 | -1.75% | 3.25% | 0.97% | -0.03% | 1.68% | 2.05% | -0.67% | 2.38% | -1.00% | 0.10% | 1.85% | 0.22% | 9.31% |
| 2013 | 4.62% | 0.66% | 3.34% | 1.60% | 2.17% | -0.32% | 4.15% | -2.02% | 3.09% | 3.36% | 2.98% | 1.82% | 28.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DODBX is 85, placing it in the top 15% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DODBX (Dodge & Cox Balanced Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dodge & Cox Balanced Fund (DODBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dodge & Cox Balanced Fund granted a 5.21% dividend yield in the last twelve months. The annual payout for that period amounted to $5.47 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.47 | $4.70 | $8.09 | $11.62 | $7.04 | $9.50 | $8.93 | $9.08 | $6.30 | $5.13 | $4.84 | $1.71 |
Dividend yield | 5.21% | 4.64% | 8.67% | 10.62% | 6.92% | 9.35% | 9.57% | 8.49% | 6.09% | 5.44% | 4.73% | 1.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Dodge & Cox Balanced Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $1.76 | $0.00 | $0.00 | $1.76 | |||||||
| 2023 | $0.00 | $0.00 | $0.99 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $2.25 | $4.70 |
| 2022 | $0.00 | $0.00 | $1.18 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $5.87 | $8.09 |
| 2021 | $0.00 | $0.00 | $1.94 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $8.92 | $11.62 |
| 2020 | $0.00 | $0.00 | $1.53 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $4.34 | $7.04 |
| 2019 | $0.00 | $0.00 | $2.90 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $5.29 | $9.50 |
| 2018 | $0.00 | $0.00 | $1.71 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $6.18 | $8.93 |
| 2017 | $0.00 | $0.00 | $2.16 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $5.65 | $9.08 |
| 2016 | $0.00 | $0.00 | $1.86 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $3.45 | $6.30 |
| 2015 | $0.00 | $0.00 | $1.30 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $2.85 | $5.13 |
| 2014 | $0.00 | $0.00 | $1.16 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $2.72 | $4.84 |
| 2013 | $0.43 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.47 | $1.71 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Dodge & Cox Balanced Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Dodge & Cox Balanced Fund was 50.21%, occurring on Mar 9, 2009. Recovery took 862 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.21% | Jul 20, 2007 | 412 | Mar 9, 2009 | 862 | Aug 7, 2012 | 1274 |
| -31.29% | Feb 13, 2020 | 27 | Mar 23, 2020 | 166 | Nov 16, 2020 | 193 |
| -27.31% | Aug 18, 1987 | 77 | Dec 4, 1987 | 407 | Jul 14, 1989 | 484 |
| -17.74% | Jan 18, 2022 | 175 | Sep 27, 2022 | 302 | Dec 13, 2023 | 477 |
| -17.33% | Mar 20, 2002 | 142 | Oct 9, 2002 | 158 | May 28, 2003 | 300 |
Volatility
Volatility Chart
The current Dodge & Cox Balanced Fund volatility is 1.92%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.