SAN FRANCISCO, May 1, 2014 /PRNewswire/ -- The Board of Directors of Dodge & Cox announced today the opening of its sixth mutual fund, the Dodge & Cox Global Bond Fund.
The Dodge & Cox Global Bond Fund invests primarily in debt securities across countries (both developed and emerging market) and currencies (U.S. and non-U.S.). The Barclays Global Aggregate Bond Index serves as the Fund's benchmark. The Global Bond Fund is managed by the Global Bond Investment Policy Committee, whose six members have an average tenure at Dodge & Cox of 19 years.
Dana Emery, Dodge & Cox's Chief Executive Officer, President, and Director of Fixed Income commented on the opening, "Dodge & Cox has been investing internationally for over 25 years in both our fixed income and equity strategies. Over time we have deepened and broadened our global research capabilities, at the same time that we have seen greater globalization of both economies and markets. We believe that global bonds represent a durable, investable, and attractive asset class, and we feel well positioned to take advantage of growing opportunities across the global fixed income markets."
The Global Bond Fund shares many of the same characteristics as the other Dodge & Cox Funds, including a team-oriented decision making process, low expenses, a focus on fundamental research and individual security selection, and a long-term investment horizon.
Charles Pohl, Chairman and Chief Investment Officer of Dodge & Cox also commented, "The launch of the Dodge & Cox Global Bond Fund is exciting for us as it rounds out our product offerings. We introduced the Global Stock Fund in 2008 and International Stock Fund in 2001, which complement our other longstanding funds, the Balanced Fund, Stock Fund, and Income Fund. Given our global research reach, integrated investment team, and the collaborative process we employ across both equity and fixed income strategies, a global bond fund is a natural progression in our offerings to investors."
Dodge & Cox has been managing a private, internally-held global bond fund since December 2012. The Fund incorporates the performance of the private fund. The Dodge & Cox Global Bond Fund is open to the public for investment as of today. Additional information can be found on the Dodge & Cox Funds' website.
Founded in 1930, Dodge & Cox manages over $234 billion for individual and institutional investors in mutual funds, UCITS, and private accounts as of March 31, 2014. For more information on Dodge & Cox, please visit our website: www.dodgeandcox.com.
Before investing in any Dodge & Cox Fund, you should carefully consider the Fund's investment objectives, risks, and management fees and other expenses. To obtain a Fund's prospectus and summary prospectus, which contain this and other important information, visit www.dodgeandcox.com or call 800-621-3979. Please read the prospectus and summary prospectus carefully before investing.
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. Fund performance changes over time and currently may be significantly lower than stated above. Performance is updated and published monthly. Before investing in any Dodge & Cox Fund, you should carefully consider the Fund's investment objectives, risks, and management fees and other expenses. To obtain a Fund's prospectus and summary prospectus, which contain this and other important information, or for current performance figures, visit www.dodgeandcox.com or call 800-621-3979. Please read the prospectus and summary prospectus carefully before investing.
Global Bond Fund SEC Standardized Average Annual Total Returns as of March 31, 2014: 1 Year 5.69%; Since Inception (December 5, 2012) 4.36%.
SOURCE Dodge & Cox