FMCCH - Dodge & Cox Global Bond Fund Q2 2024 Commentary
2024-07-27 13:00:00 ET
Summary
- Long-term interest rates rose in most global markets during the second quarter of 2024, reflecting upward pressure from U.S. rates and a mix of domestic developments.
- Several global central banks continued to cut policy interest rates, including Brazil, Chile, and Colombia, while the European Central Bank started a cautious easing cycle.
- Amidst these market movements, we adjusted the Fund’s interest rate, currency, and credit exposures.
- In this environment of numerous and sometimes conflicting global crosscurrents, we remain focused on valuation and positioning the Fund for the long term.
Performance [1]
| Total Returns (%) |
| Average Annual Total Returns |
| 3 Months |
| YTD |
| 1 Year |
| 3 Years |
| 5 Years |
| 10 Years |
Since Inception (12/5/2012) |
| Global Bond Fund - Class I |
| -0.16 |
| -0.68 |
| 5.96 |
| 0.52 |
| 3.35 |
| 2.89 |
| 3.26 |
| Global Bond Fund - Class X |
| -0.14 |
| -0.63 |
| 6.05 |
| 0.57 |
| 3.39 |
| 2.91 |
| 3.27 |
| Bloomberg Global Aggregate Bond Index (USD Hedged) |
| 0.12 |
| 0.13 |
| 4.2 |
| -1.57 |
| 0.25 |
| 2.02 |
| 2.09 |