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2026-06-30
Dodge & Cox Stock Fund
Class I
DODGX
This semi-annual shareholder report contains important information about the Dodge & Cox Stock Fund — Class I for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at 800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Stock Fund — Class I</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>26</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
26
0.0051
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>118,330,608,651</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">90</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
118330608651
90
0.11
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table below provides information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Health Care</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">24.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Financials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">20.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Industrials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">14.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Information Technology</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">11.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Communication Services</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">10.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Discretionary</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Energy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Materials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Staples</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Real Estate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Utilities</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
0.245
0.20
0.147
0.118
0.105
0.042
0.038
0.031
0.026
0.022
0.013
Dodge & Cox Stock Fund
Class X
DOXGX
This semi-annual shareholder report contains important information about the Dodge & Cox Stock Fund — Class X for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Stock Fund — Class X</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>21</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
21
0.0041
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>118,330,608,651</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">90</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
118330608651
90
0.11
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table below provides information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Health Care</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">24.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Financials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">20.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Industrials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">14.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Information Technology</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">11.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Communication Services</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">10.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Discretionary</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Energy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Materials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Staples</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Real Estate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Utilities</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
0.245
0.20
0.147
0.118
0.105
0.042
0.038
0.031
0.026
0.022
0.013
Dodge & Cox Global Stock Fund
Class I
DODWX
This semi-annual shareholder report contains important information about the Dodge & Cox Global Stock Fund — Class I for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Global Stock Fund — Class I</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>32</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
32
0.0062
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>13,007,052,593</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">192</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
13007052593
192
0.12
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table and chart below provide information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(194, 198, 201); padding-right: 8pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Financials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">23.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Health Care</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">19.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Information Technology</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">15.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Industrials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">11.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Communication Services</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">8.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Discretionary</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">7.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Materials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">5.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Energy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Staples</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Real Estate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Utilities</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Region Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_99742.jpg" style="width: 172.8pt;"/> </div></div></div>
0.23
0.199
0.156
0.112
0.084
0.075
0.054
0.036
0.02
0.01
0.006
Dodge & Cox Global Stock Fund
Class X
DOXWX
This semi-annual shareholder report contains important information about the Dodge & Cox Global Stock Fund — Class X for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Global Stock Fund — Class X</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
27
0.0052
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>13,007,052,593</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">192</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
13007052593
192
0.12
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table and chart below provide information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(194, 198, 201); padding-right: 8pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Financials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">23.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Health Care</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">19.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Information Technology</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">15.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Industrials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">11.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Communication Services</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">8.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Discretionary</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">7.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Materials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">5.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Energy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Staples</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Real Estate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Utilities</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Region Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_99776.jpg" style="width: 172.8pt;"/> </div></div></div>
0.23
0.199
0.156
0.112
0.084
0.075
0.054
0.036
0.02
0.01
0.006
Dodge & Cox International Stock Fund
Class I
DODFX
This semi-annual shareholder report contains important information about the Dodge & Cox International Stock Fund — Class I for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox International Stock Fund — Class I</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>32</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
32
0.0061
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>67,511,323,025</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">198</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
67511323025
198
0.07
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table and chart below provide information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(194, 198, 201); padding-right: 8pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Financials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">26.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Information Technology</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">16.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Health Care</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">12.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Industrials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">11.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Discretionary</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Materials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Staples</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Energy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">4.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Communication Services</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">4.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Real Estate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Utilities</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Region Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_99810.jpg" style="width: 172.8pt;"/> </div></div></div>
0.268
0.164
0.129
0.118
0.079
0.061
0.06
0.047
0.046
0.009
0.004
Dodge & Cox International Stock Fund
Class X
DOXFX
This semi-annual shareholder report contains important information about the Dodge & Cox International Stock Fund — Class X for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox International Stock Fund — Class X</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
27
0.0051
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>67,511,323,025</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">198</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
67511323025
198
0.07
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table and chart below provide information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(194, 198, 201); padding-right: 8pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Financials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">26.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Information Technology</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">16.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Health Care</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">12.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Industrials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">11.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Discretionary</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Materials</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Consumer Staples</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Energy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">4.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Communication Services</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">4.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Real Estate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Utilities</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Region Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_99844.jpg" style="width: 172.8pt;"/> </div></div></div>
0.268
0.164
0.129
0.118
0.079
0.061
0.06
0.047
0.046
0.009
0.004
Dodge & Cox Emerging Markets Stock Fund
Dodge & Cox Emerging Markets Stock Fund
DODEX
This semi-annual shareholder report contains important information about the Dodge & Cox Emerging Markets Stock Fund for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial; vertical-align: bottom;"><div style="display:inline;"></div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Emerging Markets Stock Fund</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>39</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
39
0.007
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,460,282,860</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">363</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
1460282860
363
0.13
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table and chart below provide information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(194, 198, 201); padding-right: 8pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Ten</div> <div style="font-weight:bolder;display:inline;"> Largest Countries</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Taiwan</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">19.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">South Korea</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">16.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">China</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">16.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Brazil</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">India</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">5.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">United States</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">4.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Mexico</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Indonesia</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Hong Kong</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Guatemala</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_100082.jpg" style="width: 172.8pt;"/> </div></div></div>
0.19
0.168
0.165
0.079
0.053
0.045
0.034
0.03
0.025
0.023
Dodge & Cox Balanced Fund
Class I
DODBX
This semi-annual shareholder report contains important information about the Dodge & Cox Balanced Fund — Class I for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Balanced Fund — Class I</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>25</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.50<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
25
0.005
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>14,740,930,251</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">534</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
14740930251
534
0.09
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table and charts below <div style="display:inline;">provide </div>information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(194, 198, 201); padding-right: 8pt;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);">Asset<br/>Allocation</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Common Stocks</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">63.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Debt Securities</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">31.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Mutual Funds</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Net Cash & <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Other<div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">(a)</div></div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt 0px; color: rgb(0, 0, 0); vertical-align: baseline; font-style: normal; font-size: 7.5pt; text-align: left; font-family: Arial; margin-bottom: 0px; width: 12pt;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; padding: 6pt 0px 3pt; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; padding-right: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Net Cash & Other <div style="display:inline;">includes </div><div style="display:inline;">cash</div>, short-term investments, derivatives, receivables, and payables.</div></div></td></tr></table></div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; padding-right: 8pt; border-left-style: solid; border-left-width: 0.5pt;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);">Equity Sector Diversification</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_99878.jpg" style="width: 172.8pt;"/> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; border-left-style: solid; border-left-width: 0.5pt;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);">Fixed Income Sector Diversification</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_99882.jpg" style="width: 172.8pt;"/> </div></div></div>
0.638
0.315
0.022
0.025
Dodge & Cox Balanced Fund
Class X
DOXBX
This semi-annual shareholder report contains important information about the Dodge & Cox Balanced Fund — Class X for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Balanced Fund — Class X</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>20</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
20
0.004
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>14,740,930,251</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">534</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
14740930251
534
0.09
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table and charts below <div style="display:inline;">provide </div><div style="display:inline;">information </div>related to the <div style="display:inline;">holdings </div>of the <div style="display:inline;">Fund</div>, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(194, 198, 201); padding-right: 8pt;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);">Asset<br/>Allocation</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Common Stocks</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">63.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Debt Securities</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">31.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Mutual Funds</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Net Cash & <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Other<div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">(a)</div></div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt 0px; color: rgb(0, 0, 0); vertical-align: baseline; font-style: normal; font-size: 7.5pt; text-align: left; font-family: Arial; margin-bottom: 0px; width: 12pt;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; padding: 6pt 0px 3pt; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; padding-right: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Net Cash & Other includes cash, short-term investments, derivatives, receivables, and payables.</div></div></td></tr></table></div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; padding-right: 8pt; border-left-style: solid; border-left-width: 0.5pt;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);">Equity Sector Diversification</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_99912.jpg" style="width: 172.8pt;"/> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; border-left-style: solid; border-left-width: 0.5pt;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);">Fixed Income Sector Diversification</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_99916.jpg" style="width: 172.8pt;"/> </div></div></div>
0.638
0.315
0.022
0.025
Dodge & Cox Income Fund
Class I
DODIX
This semi-annual shareholder report contains important information about the Dodge & Cox Income Fund — Class I for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Income Fund — Class I</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>20</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
20
0.0041
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>110,472,780,630</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">1,661</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
110472780630
1661
0.12
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table below provides information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Securitized</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">48.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Corporate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">29.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">U.S. Treasury</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">14.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Government-Related</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
0.489
0.297
0.147
0.049
Dodge & Cox Income Fund
Class X
DOXIX
This semi-annual shareholder report contains important information about the Dodge & Cox Income Fund — Class X for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Income Fund — Class X</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>16</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
16
0.0033
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>110,472,780,630</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">1,661</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
110472780630
1661
0.12
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table below provides information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Securitized</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">48.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Corporate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">29.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">U.S. Treasury</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">14.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Government-Related</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
0.489
0.297
0.147
0.049
Dodge & Cox Global Bond Fund
Class I
DODLX
This semi-annual shareholder report contains important information about the Dodge & Cox Global Bond Fund — Class I for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Global Bond Fund — Class I</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>22</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
22
0.0045
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>5,322,938,020</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">407</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">23<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
5322938020
407
0.23
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table and chart below provide information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(194, 198, 201); padding-right: 8pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Five</div> <div style="font-weight:bolder;display:inline;"> Largest Countries</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">United States</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">44.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">United Kingdom</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">6.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Norway</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">5.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Mexico</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">5.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Japan</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_100014.jpg" style="width: 172.8pt;"/> </div></div></div>
0.441
0.069
0.055
0.054
0.036
Dodge & Cox Global Bond Fund
Class X
DOXLX
This semi-annual shareholder report contains important information about the Dodge & Cox Global Bond Fund — Class X for the period of January 1, 2026 to June 30, 2026.
semi-annual shareholder report
You can find additional information about the Fund atdodgeandcox.com/documents. You can also request this information by contacting us at800-621-3979.
dodgeandcox.com/documents
800-621-3979
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">What were the Fund costs for the last six months?</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a<br/>$10,000 investment</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: bottom;"></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); font-family: Arial; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Dodge & Cox Global Bond Fund — Class X</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>18</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">0.37<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="font-size: 6.25pt; position: relative; top: -2.5pt; padding-top: 0;display:inline;vertical-align: super;font-size:6.9px">1</div></td></tr></table><table style="text-align:start; border-collapse: collapse; break-inside: avoid; width: auto;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px; width: 9pt;"><div style="font-style:italic;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">1</div></div></td><td style="break-inside: avoid-page; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; padding: 0px 0px 11.5pt; font-style: normal; font-size: 7.5pt; text-align: left; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; color: rgb(0, 0, 0); font-style: italic; font-size: 7.5pt; text-align: left; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Annualized</div></div></td></tr></table>
18
0.0037
<div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124); margin-top: 10pt;">Key Fund Statistics</div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); width: auto; margin-bottom: 14pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Fund Net Assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>5,322,938,020</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total Number of Portfolio Holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">407</td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio Turnover Rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">23<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div>
5322938020
407
0.23
<div style="margin-top: 0; font-family: 'Arial'; font-weight: bold; font-size: 11.52pt; margin-bottom: 3pt; color: rgb(58, 84, 124);">Graphical Representations of Holdings</div><div style="margin-top: 0; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">The table and chart below provide information related to the holdings of the Fund, excluding derivatives unless otherwise noted, represented as a percentage of Fund total net assets.</div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(194, 198, 201); padding-right: 8pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Five</div> <div style="font-weight:bolder;display:inline;"> Largest Countries</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">United States</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">44.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">United Kingdom</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">6.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Norway</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">5.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Mexico</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">5.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left;">Japan</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); white-space: nowrap;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; max-width: 50%; border-top-color: rgb(194, 198, 201); border-right-color: rgb(194, 198, 201); border-bottom-color: rgb(194, 198, 201); border-left-color: rgb(0, 0, 0); padding-left: 8pt; border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0);"><div style="margin-top: 5pt; margin-bottom: 5pt; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; margin-right: 0; margin-left: 0; border-bottom-color: rgb(194, 198, 201); border-bottom-style: solid; border-bottom-width: 1pt; font-family: 'Arial'; font-weight: bold; color: rgb(105, 114, 130);"><div style="font-weight:bolder;display:inline;">Sector Diversification</div> </div></div><div style="font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_100048.jpg" style="width: 172.8pt;"/> </div></div></div>
0.441
0.069
0.055
0.054
0.036
Annualized
Net Cash & Other includes cash, short-term investments, derivatives, receivables, and payables.