Dodge & Cox International Stock Fund Q4 2024 Shareholder Letter
2025-01-23 00:50:00 ET
Summary
- After performing strongly in the first nine months of 2024, international equity markets declined in the fourth quarter: the MSCI ACWI ex USA was down 7.6%.
- Amid heightened macroeconomic uncertainty and geopolitical unrest, we continue to focus on uncovering attractive investment opportunities through our fundamental, bottom-up research and strict price discipline.
- We significantly trimmed the Fund’s holdings in Financials and Energy on strength, reducing the Fund’s overweight positions in these sectors.
Performance 1
Total Returns (%) Average Annual Total Returns
3 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 20 Years | |
International Stock Fund — Class I | -8.50 | 3.80 | 3.80 | 4.13 | 5.06 | 4.37 | 5.54 |
International Stock Fund — Class X | -8.48 | 3.91 | 3.91 | 4.22 | 5.12 | 4.39 | 5.56 |
MSCI ACWI ex USA Index | -7.60 | 5.53 | 5.53 | 0.82 | 4.10 | 4.80 | 4.97 |
MSCI EAFE Index | -8.11 | 3.82 | 3.82 | 1.65 | 4.73 | 5.20 | 4.81 |
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