SNYNF - Dodge & Cox Stock Fund Q2 2021 Fact Sheet

• Dodge & Cox founded in 1930, focused on providing U.S., global, and international equity; fixed income; and balanced account management. We invest with a long-term horizon, employ a rigorous price discipline, and conduct our own research.
• The Dodge & Cox Stock Fund had a total return of 8.8% for Q2 2021, compared to 8.6% for the S&P 500 Index and 5.2% for the Russell 1000 Value Index. For the six months ended June 30, 2021, the Fund had a total return of 26.1%, compared to 15.3% for the S&P 500 and 17.1% for the R1000V.
• Importantly, the Fund’s composition is very different from the overall market and trades at a meaningful discount to both the broad-based market and value universe: 13.9 times forward earnings compared to 22.3 times for the S&P 500 and 17.9 times for the R1000V.
• More recently, wehave added significantly to the Fund’s holdings in Pharmaceuticals, Biotechnology, Media,and Telecommunication Services based on low relative valuations, attractive businessmodels, and company-specific opportunities.

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