IMBBF - Dodge & Cox Income Fund Q2 2024 Commentary
2024-07-27 12:15:00 ET
Summary
- Investors grappled with the countervailing influences of a generally healthy U.S. economy, lingering price pressures, and ongoing geopolitical tensions.
- Federal Reserve policymakers left monetary policy unchanged due to inflation, with one rate cut expected in 2024 vs. three projected as of March 31.
- Dodge & Cox made adjustments to credit positioning, added to MBS, and lengthened duration in response to market conditions.
Performance [1]
Total Returns (%) Average Annual Total Returns
3 Months |
YTD |
1 Year |
3 Years |
5 Years |
10 Years |
20 Years |
Income Fund - Class I |
0.51 |
0.18 |
4.54 |
-1.40 |
1.43 |
2.35 |
3.96 |
Income Fund - Class X |
0.52 |
0.21 |
4.69 |
-1.34 |
1.47 |
2.37 |
3.97 |
Bloomberg U.S. Aggregate Bond Index (BBG U.S. Agg) |
0.07 |
-0.71 |
2.63 |
-3.02 |
-0.23 |
1.35 |
3.12 |