Dodge & Cox Balanced Fund: '05 Mid-year Review
This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at Dodge & Cox Balanced [DODBX]. This fund is classified as Moderate Allocation.*
Learn about my other funds...
PIMCO All Asset Institutional [PAAIX] -- Moderate Allocation
Dodge & Cox International Stock [DODFX] - Large Stock Value
Fidelity Diversified International [FDIVX] -- Large Stock Growth*
* Indicates that this fund is closed to new investors
DODGE & COX BALANCED
DODBX represents a core holding in my mutual fund portfolio. My goal with core money is to beat CDs / bonds, but avoid the risk of losing big. This is my largest mutual fund holding.
DODBX maintains a significant allocation in bonds, so it is not unusual for it to outperform the Dow and SP 500 indices in bear markets.
MARKET HIGHLIGHTS June 30, 2005
The first half of 2005 has been a tough one for many stocks. Select market results include:
- Dow down 4.7%
- S&P 500 down 1.7%
- MSCI EAFE* down 1.17% (U.S. dollars)**
* International index spanning 20+ developed market countries
** Caveat: MSCI EAFE index pulled from Morningstar.com -- I am not 100% sure that Im reading their charts correctly
THE NUMBERS (From Morningstar.com)
Dodge & Cox Balanced
FUND REVIEW
- 05 YTD: Up nearly 1%
- 1-Year: Up nearly 10%
- Rank
- - 2005 YTD: 29% in category
- - 1-Year: 16% in category
- - Long Term: 2% - 4% in category for 3, 5 and 10-year annualized returns
COMMENTS
While I am disappointed that year-to-date results are flat, the fund has outperformed both the Dow & SP 500. I have a lot of faith in D&C as a company. This fund still meets my needs for core money.
Disclosure: At this point in my life Im a cautious investor. As such, my views may or may not be applicable to your investment needs. My portfolio also contains a high percentage of non-fund assets. I respect that your needs and tastes may differ.
about - portfolio - feedback - disclaimer
• VirtualBank gives you up to 5.13% APY for your savings!
• Blue Cash from American Express: 5% Back on Gas, Up to 5% cash back on eligible purchases, No Annual Fee, 0% Introductory APR for 6 months, Pay over time
• Try Starwood Preferred Guest Credit Card from American Express. Great rewards and first year fee free!
• Bad Credit Home Loans
• Life Insurance in 10 minutes if qualified. No medical exam.
Thanks go out to reader Steve who asked: Why do you love Dodge & Cox so much? Steves question came in response to my recent post titled "Dodge & Cox Balanced Fund: '05 Mid-year Review." You can also learn about my D&C International Fund... My ... Read
This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at PIMCO All Asset Institutional [PAAIX]. This fund is classified as Moderate Allocation. Learn about my other funds... Dodge & Cox Balanced [DODBX] -- Moderate Allocation* Dodge ... Read
This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at Dodge & Cox International Stock [DODFX]. This fund is classified as Large Stock Value. Learn about my other funds... Dodge & Cox Balanced [DODBX] -- Moderate ... Read
This is one of four posts reviewing the mid-year performance of my four mutual funds. This post looks at Fidelity Diversified International [FDIVX]. This fund is classified as Large Stock Growth.* Learn about my other funds... Dodge & Cox Balanced [DODBX] -- Moderate Allocation* PIMCO ... Read
Why do you love D&C so much? Just curious.
Hi Steve, welcome to My First Million.
I have created a post addressing your question. You will find it under the "Portfolio" section, dated July 6, 2005.
If you or other viewers have a favorite fund / fund company. Please feel free to add your comments to that post.
Thank you for your interest. 1stMill
