Fund Evaluator:
Dodge & Cox Stock I (DODGX)
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Best Performing in Large Value Over the Last Year
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Fund Details
Dodge & Cox Stock I Overview
Dodge & Cox Stock I (DODGX) is an actively managed U.S. Equity Large Value fund. Dodge & Cox launched the fund in 1965.
The investment seeks long-term growth of principal and income; a secondary objective is to achieve a reasonable current income. The fund invests primarily in a diversified portfolio of equity securities. It will invest at least 80% of its total assets in equity securities, 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 may invest up to 20% of its total assets in securities of non-U.S. issuers that are not in the S&P 500 Index.
About Dodge & Cox Stock I (DODGX)
There are 6 members of the management team with an average tenure of 13.51 years: Steven Voorhis (2006), Philippe Barret (2013), Kathleen McCarthy (2016), Benjamin Garosi (2019), Karim Fakhry (2021), David Hoeft (2002). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Dodge & Cox Stock I has 89 securities in its portfolio. The top 10 holdings constitute 28.1% 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 Stock I is part of the Equity global asset class and is within the U.S. Equity fund group. Dodge & Cox Stock I has 13.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.5%. There is 13.6% 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 Stock I has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $68 billion in total assets, which is above the $1 billion average for the 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.
DODGX 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 Stock I expense ratio is average compared to funds in the Large Value category. Dodge & Cox Stock I has an expense ratio of 0.51%, which is 45% 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 Stock I has a portfolio turnover rate of 20%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of June 2026, Dodge & Cox Stock I returned 0.2%, which earned it a grade of F, as the Large Value category had an average return of 1.6%. 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 Stock I has a trailing yield of 1.10%, which is below the 1.25% category average. The fund normally distributes its income quarterly 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 Stock I Grades
Year to date, the fund has returned 3.8%, 7.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.7% over the past year (grade of F), 14.0% over the past three years (grade of D) and 9.0% per year over the past five years (grade of F) and 13.1% per year over the past 10 years (grade of A).
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DODGX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DODGX Return (NAV) | 0.2% | 5.6% | 9.7% | 14.0% | 9.0% | 13.1% |
| DODGX Grade | F | F | F | D | F | A |
| +/- Category | -1.4% | -4.2% | -11.2% | -1.9% | -1.4% | 1.8% |
| Large Value Avg | 1.6% | 9.8% | 21.0% | 15.9% | 10.4% | 11.3% |
| DODGX Tax Cost Ratio | na | na | 2.3% | 1.9% | 1.6% | 1.8% |
DODGX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DODGX Return (NAV) | 3.8% | 13.7% | 14.5% | 17.5% | -7.2% | 31.7% | 7.2% | 24.8% | -7.1% | 18.3% | 21.3% |
| DODGX Grade | F | D | C | A | D | A | B | D | B | B | A |
| +/- Category | -7.3% | -1.5% | 0.4% | 5.6% | -1.2% | 5.9% | 3.3% | -0.8% | 1.4% | 1.9% | 6.7% |
| Large Value Avg | 11.1% | 15.2% | 14.1% | 11.8% | -6.1% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.5% |
| Risk Measures | |
| Standard Deviation: | 12.0% |
| Total Risk Index: | 0.99 - Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (49% Rank) |
| Beta: | 0.71 |
| R-Squared: | 60% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $119188 Mil |
| Fund Total Assets: | $68,440 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 20% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 24.5 years | |||
| Average Tenure: 13.5 years | |||
| Managers (Year): Hoeft David (2002), Voorhis Steven (2006), Barret Philippe (2013), McCarthy Kathleen (2016), Garosi Benjamin (2019), Fakhry Karim (2021) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 89 |
| % in Top 10 Holdings: | 28.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.6% |
Portfolio Allocation |
|
| Domestic Stock: | 85.5% |
| Foreign Stock: | 13.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Fund Family: | Dodge & Cox |
| Phone Number: | 800-621-3979 |
| Website: | www.dodgeandcox.com |
| Status: | Open |
| Inception Date: | January 4, 1965 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.51% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Dodge & Cox Stock I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
