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 |
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For further details see:
Dodge & Cox Income Fund Q2 2024 Commentary