International Stock Fund
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The Dodge & Cox International Stock Fund is closed to new investors.

Average Annual Total Return*
For periods ended March 31, 2018 (updated quarterly)
    1 Year   3 Years   5 Years   10 Years   SINCE INCEPTION†
International Stock Fund   10.96%   3.76%   7.26%   4.13%   7.81%
MSCI EAFE Index   14.80%   5.55%   6.50% 2.74%   4.96%

Returns represent past performance and do not guarantee future results. Investment return and share price will fluctuate with market conditions, and investors may have a gain or loss when shares are sold. Mutual fund performance changes over time and currently may be significantly lower than stated above. Monthly updates to performance are accessible from the Performance & Prices page.

† The International Stock Fund’s inception date was May 1, 2001.

Fund Characteristics
as of March 31, 2018, unless otherwise noted (updated quarterly)
General Information
Net Asset Value Per Share   $45.33
Total Net Assets (billions)   $63.7
2016 Expense Ratio
(per 5/1/17 Prospectus)
2017 Expense Ratio   0.63%
2017 Portfolio Turnover Rate 17%
30-Day SEC Yield(a)   1.73%
Number of Companies   66
Fund Inception   2001
Asset Allocation
Portfolio Characteristics   Fund   MSCI
Median Market Capitalization (billions)   $35   $11
Weighted Average Market
Capitalization (billions)
  $72   $57
Price-to-Earnings Ratio(b) 12.7x 13.8x
Countries Represented   25   21
Emerging Markets
(Brazil, China, India, Mexico, Russia, South Africa, South Korea, Thailand, Turkey, United Arab Emirates)
  24.6%   0.0%
diversification (%)
  Fund   MSCI EAFE
Europe (excluding UK)   43.1   46.0
United Kingdom 15.0 17.2
Pacific (excluding Japan)   11.9   11.7
Japan 8.9 24.6
Latin America 7.8 0.0
Africa 4.4 0.0
United States 3.6 0.0
Canada 2.8 0.0
Middle East 0.3 0.5

ten largest holdings (%)
Samsung Electronics Co., Ltd. (South Korea)   4.0
Sanofi (France)   3.2
Novartis AG (Switzerland)   3.1
Naspers, Ltd. (South Africa)   2.8
Roche Holding AG (Switzerland)   2.7
Itau Unibanco Holding SA (Brazil) 2.7
ICICI Bank, Ltd. (India) 2.6
Barclays PLC (United Kingdom)   2.6
Liberty Global PLC (United Kingdom)   2.4
BNP Paribas SA (France)   2.4
diversification (%)
  Fund   MSCI EAFE
Financials   29.6   21.0
Health Care 16.6 10.2
Consumer Discretionary 13.3 12.6
Information Technology   11.1   6.6
Energy   8.0   5.3
Industrials   7.6   14.6
Materials   5.7   8.0
Telecommunication Services 3.2 3.8
Utilities   1.3   3.3
Consumer Staples   0.8   11.1
Real Estate   0.6   3.5


(a) SEC Yield is an annualization of the Fund’s net investment income for the trailing 30-day period. Dividends paid by the Fund may be higher or lower than implied by the SEC Yield.
(b) Price-to-earnings (P/E) ratios are calculated using 12-month forward earnings estimates from third-party sources.
(c) The Fund’s portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation to buy, sell, or hold any particular security and is not indicative of Dodge & Cox's current or future trading activity.
(d) Net Cash & Other includes cash, short-term investments, derivatives, receivables, and payables.
(e) The Fund may classify a company in a different category than the MSCI EAFE. The Fund generally classifies a company based on its country of incorporation, but may designate a different country in certain circumstances.

*The Fund's total returns include the reinvestment of dividend and capital gain distributions, but have not been adjusted for any income taxes payable by shareholders on these distributions or on Fund share redemptions. Index returns include dividends but, unlike Fund returns, do not reflect fees or expenses. The MSCI EAFE (Europe, Australasia, Far East) Index is a broad-based, unmanaged equity market index aggregated from 21 developed market country indices, excluding the United States. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI.

MSCI EAFE is a service mark of MSCI Barra.

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