Morningstar Fund Report  | 17/04/2025Print

Dodge & Cox Worldwide US Stock Fund A GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Dodge & Cox Worldwide US Stock Fund A GBP
Fund32.62.810.216.6-0.2
+/-Cat6.5-1.24.63.12.5
+/-B’mrk5.8-1.33.1-1.91.9
 
Category: US Large-Cap Value Equity
Category Benchmark: Morningstar US LM Brd Value...
Key Stats
NAV
15/04/2025		 GBP 56.15
Day Change -0.67%
Morningstar Category™ US Large-Cap Value Equity
IA (formerly IMA) Sector North America
ISIN IE00B50M4X14
Fund Size (Mil)
31/03/2025		 USD 4038.37
Share Class Size (Mil)
31/03/2025		 USD 1209.98
Max Initial Charge -
Ongoing Charge
17/02/2025		  0.63%
Morningstar Research
Analyst Report03/06/2024
Tony Thomas, Associate Director
Morningstar, Inc

Top marks all around earn Dodge & Cox Worldwide US Stock a Morningstar Analyst Rating of Gold on all its share classes.The investment team’s structure and makeup are impressive. Here, an eight-member investment committee oversees the strategy....

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent25
Process25
Performance
Price
Investment Objective: Dodge & Cox Worldwide US Stock Fund A GBP
The Fund’s primary objective is to provide shareholders with an opportunity for long-term growth of principal and income. A secondary objective is to seek to achieve a reasonable current income. The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of U.S. equity securities. Under normal circumstances, the Fund will invest at least 80% of its Net Asset Value in equity securities, including common stocks, depositary receipts evidencing ownership of common stocks, preferred stocks, securities convertible into common stocks and securities that carry the right to buy common stocks. The Fund may invest up to 10% of its Net Asset Value in U.S. Dollar-denominated securities of non U.S. companies traded in the U.S. (such as ADRs) that are not included in the S&P 500 Index.
Returns
Trailing Returns (GBP)15/04/2025
YTD-8.79
3 Years Annualised5.35
5 Years Annualised15.73
10 Years Annualised10.97
12 Month Yield 0.00
Management
Manager Name
Start Date
Steven Voorhis
01/12/2010
Karol Marcin
12/01/2018
Click here to see others
Inception Date
01/12/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P 500 TR USDMorningstar US LM Brd Value NR USD
Portfolio Profile for  Dodge & Cox Worldwide US Stock Fund A GBP31/12/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.450.0497.41
Bond0.000.000.00
Property0.000.000.00
Cash2.590.002.59
Other0.000.000.00
Top 5 Regions%
United States95.40
United Kingdom2.39
Eurozone1.79
Europe - ex Euro0.41
Canada0.00
Top 5 Sectors%
Healthcare22.92
Financial Services18.62
Industrials13.10
Technology12.86
Communication Services11.94
Top 5 HoldingsSector%
Charles Schwab CorpFinancial ServicesFinancial Services4.28
Fiserv IncTechnologyTechnology3.96
MetLife IncFinancial ServicesFinancial Services3.34
Alphabet Inc Class CCommunication ServicesCommunication Services3.33
Wells Fargo & CoFinancial ServicesFinancial Services3.25
Increase Decrease New since last portfolio
Dodge & Cox Worldwide US Stock Fund A GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Dodge & Cox Worldwide US Stock Fund A GBP
Category:  US Large-Cap Value Equity
Category Index:  Morningstar US LM Brd Value NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-2.1819.482.3332.632.7910.1816.59-0.19
+/- Category1.470.421.726.51-1.234.593.092.47
+/- Category Index0.37-2.803.155.82-1.263.09-1.921.88
% Rank in Category365035468161913
Trailing Returns (GBP)15/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.67   -0.470.11
1 Week2.26   1.66-0.85
1 Month-7.48   -0.44-0.98
3 Months-12.91   0.62-0.10
6 Months-7.08   2.300.46
YTD-8.79   1.190.93
1 Year-0.27   4.01-0.35
3 Years Annualised5.35   2.560.04
5 Years Annualised15.73   3.952.97
10 Years Annualised10.97   2.460.88
 
Category: US Large-Cap Value Equity
Category Index: Morningstar US LM Brd Value NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.19---
20249.39-0.551.155.96
2023-1.092.383.425.20
20223.75-6.041.873.50
202114.888.321.465.05
2020-25.0720.160.1613.46
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAbove Average4 star
5-YearHighAbove Average5 star
10-YearHighAbove Average4 star
Overall*HighAbove Average4 star
 
Category :  US Large-Cap Value EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.01 %
3-Yr Mean Return9.33 %
 
3-Yr Sharpe Ratio0.36
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US LM Brd Value NR USD  Morningstar US LM Brd Value NR USD
3-Yr Beta1.091.09
3-Yr Alpha-0.16-0.16
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 89674-
Market Capitalisation% of Equity
Giant14.12
Large36.76
Medium46.27
Small2.62
Micro0.23
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.250.94
Price/Book2.210.90
Price/Sales1.330.90
Price/Cash Flow9.760.93
Dividend-Yield Factor2.150.98
 
Long-Term Projected Earnings Growth11.151.07
Historical Earnings Growth0.960.30
Sales Growth6.871.01
Cash-Flow Growth1.080.46
Book-Value Growth-0.34-0.05
 
Category: US Large-Cap Value Equity
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock97.450.0497.41
Bond0.000.000.00
Property0.000.000.00
Cash2.590.002.59
Other0.000.000.00
World Regions31/12/2024
 % of EquityRelative to Category
United States95.401.01
Canada0.000.00
Latin America0.000.00
United Kingdom2.392.26
Eurozone1.791.24
Europe - ex Euro0.410.44
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: US Large-Cap Value Equity
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.811.12
Consumer CyclicalConsumer Cyclical5.270.71
Financial ServicesFinancial Services18.620.85
Real EstateReal Estate2.411.35
Consumer DefensiveConsumer Defensive1.790.28
HealthcareHealthcare22.921.33
UtilitiesUtilities1.730.58
Communication ServicesCommunication Services11.941.82
EnergyEnergy5.550.90
IndustrialsIndustrials13.101.17
TechnologyTechnology12.860.87
 
Category: US Large-Cap Value Equity
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings74
Total Number of Bond Holdings0
Assets in Top 10 Holdings31.24
NameSectorCountry% of Assets
Charles Schwab Corp103United States4.28
Fiserv Inc311United States3.96
MetLife Inc103United States3.34
Alphabet Inc Class C308United States3.33
Wells Fargo & Co103United States3.25
RTX Corp310United States3.17
Johnson Controls International PLC Re... 310United States2.86
Charter Communications Inc Class A308United States2.42
FedEx Corp310United States2.34
Microsoft Corp311United States2.29
 
Increase Decrease New since last portfolio
Category: US Large-Cap Value Equity
 
Management
Name of CompanyDodge & Cox
Phone415.981.1710
Websitewww.dodgeandcox.com
AddressDodge & Cox
 San Francisco   94104
 United States
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date01/12/2010
Fund Advisor(s)
Dodge & Cox
Fund ManagerSteven Voorhis
Manager Start Date01/12/2010
Career Start Year1994
Education
1996, Harvard Business School, M.B.A.
 
Biography
Mr. Voorhis received his B.A. and M.A. degrees from Stanford University in 1992 and his M.B.A from the Harvard Business School in 1996. Prior to graduate school, he worked at Goldman Sachs as a financial analyst. He joined Dodge & Cox in 1996. Mr. Voorhis is a shareholder of the firm and a CFA charterholder.
Fund ManagerKarol Marcin
Manager Start Date12/01/2018
Career Start Year1997
Education
2000, Stanford University, M.B.A.
1995, Whiteman College, B.A.
 
Biography
Mr. Marcin is Vice President of Dodge & Cox; Research Analyst and member of Dodge & Cox’s U.S. Equity Investment Committee (since 2018) and Dodge & Cox’s Global Equity Investment Committee. He received his B.A. (summa cum laude) from Whitman College in 1995 and his M.B.A. from the Stanford Graduate School of Business in 2000. Prior to entering graduate school, he worked for three years as a financial analyst with Salomon Brothers. Mr. Marcin joined Dodge & Cox in 2000. Mr. Marcin is a shareholder of the firm and a CFA charterholder.
Fund ManagerPhilippe Barret
Manager Start Date01/02/2013
Career Start Year1999
Education
2004, Stanford Graduate School of Businees, M.B.A.
1998, Washington and Lee University, B.A.
 
Biography
Philippe Barret, Jr. is Vice President who was Research Analyst.. Mr. Barret received his B.A. degree (magna cum laude) from Washington and Lee University in 1998 and his M.B.A. degree from the Stanford Graduate School of Business in 2004. Between degrees, he worked as financial analyst at JP Morgan and American Securities Capital Partners, LLC. Mr. Barret joined Dodge & Cox in 2004. He is a shareholder of the firm and holds the CFA® designation.
Fund ManagerKathleen McCarthy
Manager Start Date15/01/2016
Career Start Year2001
Education
2007, Stanford Graduate School of Business, M.B.A.
2001, Stanford University, B.A.
 
Biography
Ms. McCarthy is Vice President of Dodge & Cox, who was Research Analyst and member of Dodge & Cox’s U.S. Equity Investment Committee received her B.A. degree in Economics from Stanford University in 2001 and her M.B.A. degree from the Stanford Graduate School of Business in 2007. Prior to graduate school, she worked at Merrill Lynch and Palladium Equity Partners. Ms. McCarthy joined Dodge & Cox in 2007 and is a shareholder of the firm and a CFA charterholder.
Fund ManagerBenjamin Garosi
Manager Start Date15/01/2019
Career Start Year2002
Education
2002, University of California, Berkley, B.A.
2009, Harvard University, M.B.A.
 
Biography
Mr. Garosi received his B.A. degree (Phi Beta Kappa) in Economics from the University of California, Berkeley in 2002 and his M.B.A. degree from the Harvard Business School in 2009. Prior to graduate school, he worked as a private equity associate at Blum Capital Partners and as an analyst in investment banking at Goldman Sachs. Mr. Garosi joined Dodge & Cox in 2009. Mr. Garosi is a CFA charterholder.
Fund ManagerKarim Fakhry
Manager Start Date15/01/2021
Education
Stanford University, B.A.
Harvard University, M.B.A.
Fund ManagerDavid Hoeft
Manager Start Date01/12/2010
Career Start Year1993
Education
1993, Harvard Business School, M.B.A.
1989, University of Chicago, B.A.
 
Biography
He is Vice President. He was Senior Vice President and Director of Dodge & Cox; Chief Investment Officer (since 2022), Associate Director of Research (until 2019), and member of USEIC, GEIC, and BIC (since May 2022) after joining Dodge & Cox in 1993. He is a Director and shareholder of the firm and a CFA charterholder. Prior to entering graduate school, he worked for two years as a consultant to the energy industry. Mr. Hoeft received his B.A. degree (Phi Beta Kappa) from the University of Chicago in 1989 and his M.B.A. from the Harvard Business School in 1993.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.60%
Ongoing Charge0.63%
Purchase Details
Minimum Investments
Initial50000  GBP
Additional5000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes