Fund Evaluator:

Dodge & Cox International Stock I Overview

Dodge & Cox International Stock I (DODFX) is an actively managed International Equity Foreign Large Value fund. Dodge & Cox launched the fund in 2001.

The investment seeks long-term growth of principal and income. Under normal circumstances, the fund will invest at least 80% of its total assets in equity securities of non-U.S. companies, including common stocks, depositary receipts evidencing ownership of common stocks, certain preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks. The fund typically invests in medium-to-large well-established companies based on standards of the applicable market.

About Dodge & Cox International Stock I (DODFX)

There are 6 members of the management team with an average tenure of 8.24 years: Roger Kuo (2006), Raymond Mertens (2018), Englebert Bangayan (2015), Paritosh Somani (2021), Sophie Chen (2023), David Hoeft (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Dodge & Cox International Stock I has 148 securities in its portfolio. The top 10 holdings constitute 29.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Dodge & Cox International Stock I is part of the Equity global asset class and is within the International Equity fund group. Dodge & Cox International Stock I has 87.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 11.5%. There is 87.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Dodge & Cox International Stock I has 0.9% of the portfolio in cash.

Assets Under Management

The fund has $51 billion in total assets, which is above the $951 million average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

DODFX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Dodge & Cox International Stock I expense ratio is above average compared to funds in the Foreign Large Value category. Dodge & Cox International Stock I has an expense ratio of 0.61%, which is 42% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Dodge & Cox International Stock I has a portfolio turnover rate of 17%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of June 2026, Dodge & Cox International Stock I returned 1.2%, which earned it a grade of A, as the Foreign Large Value category had an average return of -0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Dodge & Cox International Stock I has a trailing yield of 2.18%, which is below the 2.87% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Dodge & Cox International Stock I Grades

Year to date, the fund has returned 13.4%, 2.6 percentage points better than the category, which translates into a grade of B. The fund has returned 28.5% over the past year (grade of B), 19.8% over the past three years (grade of C) and 11.9% per year over the past five years (grade of C) and 11.1% per year over the past 10 years (grade of B).

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