Dodge & Cox International Stock Fund - Class X · NASDAQ:DOXFX
Dodge & Cox International Stock Fund - Class X — Dodge & Cox Stock Fund — Investor Presentation (September 2026)
31 slides from Dodge & Cox International Stock Fund - Class X's investor presentation, Sep 30, 2026
Slide 1: Dodge & Cox Stock Fund Quarterly Update
Dodge & Cox Stock Fund Quarterly Update Third Quarter 2026 2026Q3SFQUv1 For Institutional Use Only
Slide 2: Agenda and Disclosures
I. Update on Dodge & Cox II. Stock Fund Overview III. Supplemental Exhibits IV. Biographical Sketches This information was prepared at the recipient’s request (and must be accompanied or preceded by a current prospectus and/or summary prospectus for the relevant fund(s)). Past performance is not ind
Slide 3: Dodge & Cox
Dodge & Cox For Institutional Use Only C000629-042922 | 3
Slide 4: Key Characteristics of Our Organization
Key Characteristics of Our Organization September 30, 2026 Over 95 Years of Investment Experience Dodge & Cox was founded in 1930. We have a stable and well-qualified team of investment professionals, most of whom have spent their entire careers at Dodge & Cox. Independent Organization Ownership of
Slide 5: Dodge & Cox Assets Under Management
Dodge & Cox Assets Under Management ($ in Billions) September 30, 2026 $474.1 in Total Assets | $253.6 in Equities | $220.5 in Fixed Income Dodge & Cox Funds: $317.4 Billion Separate Accounts: $143.6 Billion Global Equity Balanced $4.9 $4.8 Liability Hedging & Stock Fund Credit-Benchmarked $114.8 In
Slide 6: Experienced and Stable Investment Team
Experienced and Stable Investment Team September 30, 2026 U.S. Equity Investment Committee Global Research Team / Years at D&C / Coverage Fixed Income Team / Years at D&C / Coverage David Hoeft 33 Karim Fakhry 21 David Hoeft 33 Chair, Chief Investment Officer Lucy Johns 24 SVP, Director of Fixed Inc
Slide 7: Building Investment Conviction
Building Investment Conviction Analyst-Driven Fundamental Team-Based Review Collective Judgment-Based Research Decisions ▪ Advocate investment ideas, based on ▪ Rigorously vet recommendations ▪ Construct a diversified portfolio on a individual company- or security-specific bottom-up basis ▪ Stress t
Slide 8: Equity Investment Philosophy
Equity Investment Philosophy Our strategy is to build a portfolio of companies where the current market valuation does not adequately reflect the companies’ long- term opportunities. Research Intensive Price Discipline ▪ Ongoing analysis of each company’s valuation, growth ▪ Valuations for most of o
Slide 9: Dodge & Cox Stock Fund
Dodge & Cox Stock Fund For Institutional Use Only 18048-062619 | 9
Slide 10: Fund Overview
Fund Overview September 30, 2026 Dodge & Cox Stock Fund Key Characteristics Shared by Dodge & Cox Funds Stock Fund Characteristics ▪ Low expenses ▪ Objective: long-term growth of principal and income ▪ Stable and experienced investment team ▪ Diversified portfolio of 83 securities ▪ Consistent inves
Slide 11: Performance Results
Performance Results September 30, 2026 Dodge & Cox Stock Fund Unannualized Annualized 3 Months Ended YTD 1 Year 3 Years 5 Years 10 Years 20 Years Stock Fund - Class I (Net of Fees) 1.30% 5.16% 7.80% 14.57% 9.57% 12.34% 8.88% S&P 500 Index 2.30% 12.75% 15.74% 22.89% 13.79% 15.33% 11.21% Russell 1000
Slide 12: Performance Attribution — Sectors vs. S&P 500 (Quarter)
Performance Attribution — Sectors(a) September 30, 2026 Dodge & Cox Stock Fund (+1.30%) vs. S&P 500 (+2.30%), Quarter-to-Date Total Return(a) Fund Index Total Impact Average Total Contribution Average Total Contribution Allocation Selection Interaction on Return Weight Return to Return Weight Return
Slide 13: Performance Attribution — Holdings vs. S&P 500 (Quarter)
Performance Attribution — Holdings September 30, 2026 Dodge & Cox Stock Fund vs. S&P 500, Quarter-to-Date Total Return(a) Top Five Relative Contributors Ten Largest Holdings Fund Index Total Impact Fund Index Total Impact Average Average Total on Return Average Average Total on Return Weight Weight
Slide 14: Performance Attribution — Sectors vs. Russell 1000 Value (Quarter)
Performance Attribution — Sectors(a) September 30, 2026 Dodge & Cox Stock Fund (+1.30%) vs. Russell 1000 Value (+2.61%), Quarter-to-Date Total Return(a) Fund Index Total Impact Average Total Contribution Average Total Contribution Allocation Selection Interaction on Return Weight Return to Return We
Slide 15: Performance Attribution — Holdings vs. Russell 1000 Value (Quarter)
Performance Attribution — Holdings September 30, 2026 Dodge & Cox Stock Fund vs. Russell 1000 Value, Quarter-to-Date Total Return(a) Top Five Relative Contributors Ten Largest Holdings Fund Index Total Impact Fund Index Total Impact Average Average Total on Return Average Average Total on Return Wei
Slide 16: Performance Attribution — Sectors vs. S&P 500 (One Year)
Performance Attribution — Sectors(a) September 30, 2026 Dodge & Cox Stock Fund (+7.80%) vs. S&P 500 (+15.74%), One-Year Total Return(a) Fund Index Total Impact Average Total Contribution Average Total Contribution Allocation Selection Interaction on Return Weight Return to Return Weight Return to Re
Slide 17: Performance Attribution — Holdings vs. S&P 500 (One Year)
Performance Attribution — Holdings September 30, 2026 Dodge & Cox Stock Fund vs. S&P 500, One-Year Total Return(a) Top Five Relative Contributors Ten Largest Holdings Fund Index Total Impact Fund Index Total Impact Average Average Total on Return Average Average Total on Return Weight Weight Return
Slide 18: Performance Attribution — Sectors vs. Russell 1000 Value (One Year)
Performance Attribution — Sectors(a) September 30, 2026 Dodge & Cox Stock Fund (+7.80%) vs. Russell 1000 Value (+23.81%), One-Year Total Return(a) Fund Index Total Impact Average Total Contribution Average Total Contribution Allocation Selection Interaction on Return Weight Return to Return Weight R
Slide 19: Performance Attribution — Holdings vs. Russell 1000 Value (One Year)
Performance Attribution — Holdings September 30, 2026 Dodge & Cox Stock Fund vs. Russell 1000 Value, One-Year Total Return(a) Top Five Relative Contributors Ten Largest Holdings Fund Index Total Impact Fund Index Total Impact Average Average Total on Return Average Average Total on Return Weight Wei
Slide 20: Portfolio Structure
Portfolio Structure September 30, 2026 Dodge & Cox Stock Fund Composition by Sector 45% 40% Portfolio S&P 500 Russell 1000 Value 35% 30% 25% 20% 15% 10% 5% 0% Health Care Financials Information Industrials Communication Consumer Energy Materials Consumer Real Estate Utilities Net Cash & Technology S
Slide 21: Portfolio Holdings
Portfolio Holdings September 30, 2026 Dodge & Cox Stock Fund Technology and Industrials, Energy, Communication Services Finance and Real Estate Materials, and Utilities Health Care Consumer INFORMATION TECHNOLOGY 14.3% FINANCIAL SERVICES 12.1% CAPITAL GOODS 10.7% PHARMACEUTICALS, CONSUMER DISCRETION
Slide 22: A Long-Term View of Dodge & Cox
A Long-Term View of Dodge & Cox September 30, 2026 Long-Term Track Record ▪ We have added value over the long-term. ▪ Our persistence with our investment approach through past periods of underperformance has been crucial to our long-term success. Consistent Investment Approach ▪ Philosophy is based
Slide 23: Supplemental Exhibits
Supplemental Exhibits For Institutional Use Only 354-011509 | 23
Slide 24: Dodge & Cox Investment Vehicles (1 of 2)
Dodge & Cox Investment Vehicles (1 of 2) September 30, 2026 Ticker Status Account Minimum Expense Ratio Gross Net Stock Fund DODGX Open .51% .51% Global Stock Fund DODWX Open .62% .62% (a) Dodge & Cox Funds — Class I International Stock Fund DODFX Open .61% .61% Open to All Investors $2,500 Balanced
Slide 25: Dodge & Cox Investment Vehicles (2 of 2)
Dodge & Cox Investment Vehicles (2 of 2) September 30, 2026 Status Account Minimum Fee Schedule (f) U.S. Equity and Balanced Open $60 million .60% on the first $25 million .40% thereafter Global and International Equity Open $500 million(f) .60% on the first $500 million .45% thereafter Flat .45% fo
Slide 26: Dodge & Cox Funds Performance Results
Dodge & Cox Funds Performance Results September 30, 2026 (Net of Fees) Unannualized Annualized 3 Months Ended YTD 1 Year 3 Years 5 Years 10 Years 20 Years Stock Fund - Class I 1.30% 5.16% 7.80% 14.57% 9.57% 12.34% 8.88% S&P 500 Index 2.30% 12.75% 15.74% 22.89% 13.79% 15.33% 11.21% Russell 1000 Value
Slide 27: Explanation of Performance Attribution
Explanation of Performance Attribution An attribution report explains a portfolio’s relative performance against its benchmark. The reports provided include average weight, total return and contribution to return of the stated Dodge & Cox Fund and its corresponding benchmark. Also included is an att
Slide 28: Biographical Sketches
Biographical Sketches For Institutional Use Only 377-011509 | 28
Slide 29: U.S. Equity Investment Committee
U.S. Equity Investment Committee As of September 30, 2026 Philippe Barret, Jr. – Senior Vice President. Mr. Barret received his B.A. degree (magna cum laude) from Washington and Lee University in 1998 and his M.B.A. from the Stanford Graduate School of Business in 2004. Between degrees, he worked as
Slide 30: Dodge & Cox Funds Important Risk Disclosures
Dodge & Cox Funds Important Risk Disclosures The Funds invest in securities and other instruments whose market values fluctuate within a wide range so your investment may be worth more or less than its original cost. Additionally, the Funds may use derivatives to create or hedge investment exposure,
Slide 31: Source Citations
Source Citations Bloomberg Standard & Poor’s Bloomberg U.S. Aggregate Bond Index: The Bloomberg U.S. Aggregate Bond Index is a widely recognized, unmanaged index of U.S. dollar- S&P 500 Index: The S&P 500 Index is a market capitalization-weighted index of 500 large-capitalization stocks commonly use
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