Dodge & Cox Launches Dodge & Cox Worldwide Funds—International Stock Fund

SAN FRANCISCO, Sept. 28 /PRNewswire/ -- The Board of Directors of Dodge & Cox announced today the opening of the Dodge & Cox Worldwide Funds—International Stock Fund. The Dodge & Cox Worldwide Fund is an Ireland-domiciled UCITS* and is available for investment by qualified non-U.S. investors.

Dodge & Cox's investment approach is guided by a long-term investment horizon, strict price discipline, and thorough independent research of individual holdings. These time-tested principles will be applied to Dodge & Cox Worldwide Funds—International Stock Fund as it will replicate the U.S.-based Dodge & Cox International Stock Fund. The Fund's objective is to provide shareholders with an opportunity for long-term growth of principal and income. The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of equity securities issued by non-U.S. companies from at least three different non-U.S. countries located anywhere in the world, including emerging market countries. The existing Dodge & Cox International Investment Policy Committee, with its nine members whose average tenure with the firm is 21 years, will serve as the decision-making body for the Fund. A low expense ratio, capped at 0.70%, and low portfolio turnover will also be characteristics of the Fund.

Kenneth E. Olivier, Dodge & Cox's President and Chief Executive Officer, commented on the opening, "For more than 80 years, Dodge & Cox has provided investment management services to institutions and individuals and has established a track record based on a disciplined investment approach. That approach continues today, as we launch the Worldwide International Stock Fund."

Diana S. Strandberg, Vice President and Director of International Equity, said, "The Worldwide International Stock Fund's portfolio will be built security by security, based on the fundamental research and advocacy of our investment team. Rather than spreading ourselves across a variety of styles, we manage portfolios with a single, unified philosophy."

Along with this announcement, Dodge & Cox also released revised Worldwide Funds' expense ratios effective 1 September 2010.

Founded in 1930, Dodge & Cox managed over $167 billion for individual and institutional investors in mutual fund and private accounts as of 30 June 2010.  Dodge & Cox is one of the largest privately owned investment advisers in the world. For more information on the Dodge & Cox Worldwide Funds, please visit our website www.dodgeandcoxworldwide.com.

These materials are for informational and discussion purposes only. This information should not be considered a solicitation or an offer to purchase shares of any Dodge & Cox sponsored or advised product or a solicitation or an offer by Dodge & Cox Worldwide Investments to provide any services in any jurisdiction. The views expressed herein represent the opinions of Dodge & Cox Worldwide Investments and are not intended as a forecast or guarantee of future results for any product or service.

* As an Irish Undertakings for Collective Investments in Transferable Securities (UCITS) compliant fund, Dodge & Cox Worldwide Funds plc may freely market and sell shares in these funds throughout the European Economic Area where the UCITS has complied with the notification and cross-border registration processes under the UCITS Directive or otherwise complies with applicable law.

SOURCE Dodge & Cox

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