HUM - Dodge & Cox Balanced Fund Q4 2024 Shareholder Letter
2025-01-23 02:22:00 ET
Summary
- The S&P 500 Index rose by 26.3% in 2023 and posted a 25.0% return in 2024, marking its largest consecutive annual gains since 1998.
- High market concentration continued to shape equity returns. At year end, 33% of the S&P 500’s market capitalization was in the Magnificent Seven stocks.
- Equity security selection and sector allocation were the main drivers of the Fund’s relative underperformance.
Performance 1
Total Returns (%) Average Annual Total Returns
3 Months |
YTD |
1 Year |
3 Years |
5 Years |
10 Years |
20 Years |
Balanced Fund — Class I |
-2.40 |
8.84 |
8.84 |
4.71 |
8.12 |
7.95 |
7.35 |
Balanced Fund — Class X |
-2.39 |
8.95 |
8.95 |
4.81 |
8.18 |
7.98 |
7.36 |
Combined Index |
0.21 |
15.04 |
15.04 |
4.46 |
8.67 |
8.53 |
7.64 |