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When Dodge
&
Cox took its stock-picking overseas,
the results were brilliant, as
Dodge & Cox Interna-
tional
DODFX
proved to be the equal of
Dodge
& Cox Stock
DODGX
. I’m hoping that will apply to
bonds, as the firm is taking its winning approach
from
Dodge & Cox Income
DODIX
and applying it
to a world-bond portfolio in
Dodge & Cox Global
Bond
DODLX
.
The fund has a welcome
0
.
60%
expense ratio, as
Dodge
&
Cox starts its funds with low expenses
rather than making early shareholders shoulder an
undue burden the way most fund companies do.
The fund was launched in December
2012
. It currently
has
49%
corporate bonds,
27%
governments, and
the rest in mortgages and asset-backed debt.
To make room, I’m removing
Aberdeen Total
Return Bond
BJBGX
, which has been dropped
from coverage.
œ
What is Morningstar
FundInvestor
500
?
The Morningstar FundInvestor
500
features the industry’s
best and most notable funds.
Use the list to get new in-
vestment ideas and track the
funds you already own.
FundInvestor
subscribers have
access to one-page monthly
reports on all 500 funds on
mfi.morningstar.com. Just
type in the name or ticker of
the fund in the search box.
Dodge & Cox Global Bond Joins M500
Changes to the 500
|
Russel Kinnel
Eaton Vance Floating Rate
• Œ
Fidelity Blue Chip Growth
´ ‰
Fidelity Intermediate Bond
• ´
Fidelity Small Cap Value
´ •
First Eagle Global
´ •
First Eagle Overseas
´ •
First Eagle US Value
´ •
FPA Perennial
• Œ
Greenspring
´ •
Harbor Bond
´ Œ
Harbor Com Real Return ST
• Œ
Harbor Real Return
• Œ
Invesco Growth and Income
´ •
Jensen Quality Growth
• Œ
Laudus US Large Cap Growth
´ ‰
MainStay ICAP International
´ •
Matthews India
´ •
Neuberger Berman Genesis
´ •
Osterweis
´ Œ
PIMCO Commodity Real Ret Strat
• Œ
PIMCO Emerging Local Bond
• Œ
PIMCO EqS Pathfinder
‰ ´
PIMCO Foreign Bond (Unhedged)
´ •
PIMCO Foreign Bnd (USD-Hedged)
´ •
PIMCO Inflation Resp MltiAst
‰ •
PIMCO Low Duration
´ Œ
PIMCO Real Return
• Œ
PIMCO Short-Term
• Œ
PIMCO Total Return
´ Œ
PIMCO Unconstrained Bond
‰ ´
Royce Low Priced Stock
‰ •
Royce Premier
• Œ
Scout International
‰ ´
T. Rowe Price Equity Income
´ Œ
T. Rowe Price Growth Stock
‰ ´
T. Rowe Price International Stock Fd
‰ •
T. Rowe Price Spectrum Growth
´ •
T. Rowe Price Value
´ ‰
Third Avenue International Value
‰ ´
Third Avenue Value
‰ •
Thornburg International Value
´ •
Vanguard Short-Term Federal
• Œ
Vanguard Total Bond Mrkt Index
• Œ
Wasatch Long/Short
´ •
Westport
• Œ
Westport Select Cap
´ •
William Blair International Growth
‰ ´
Summary of Changes
Add
Drop
Dodge & Cox Global Bond
Aberdeen Total Return Bond
Ratings Changes From 2014
To
From
Akre Focus
• ´
American Century Growth
‰ ´
American Century Sm Cp Val
‰ •
American Funds Tax-Exempt Bnd
´ ‰
AMG Managers Total Return Bnd
´ Œ
Artisan Small Cap Value
• Œ
Baron Opportunity
‰ ´
Calamos Market Neutral Income
‰ ´
Century Small Cap Select
´ •
ClearBridge Aggressive Growth
• ´
Columbia Acorn
‰ ´
Delafield Fund
´ •
Diamond Hill Large Cap
Œ •
Diamond Hill Small-Mid Cap
Œ •
DoubleLine Total Return Bond
” ‰
Rating Changes (continued)
To
From