Barron's: Dodge & Cox Income Fund Portfolio - Stockpickr! Your Source for Stock Ideas

Barron's: Dodge & Cox Income Fund

7130 views

TheStreet.com Rating: C

Rate Now:

average rating: 0.00 / 0 ratings

printer friendly

send to a friend

Created by Barrons

DESCRIPTION:

Date updated:07-21-2007

From Barron's 7-23-07:

"The Dodge & Cox Income Fund (DODIX) isn't jazzy. It isn't loaded with emerging-market junk bonds, which have generated big returns in recent years, or other exotica. But its overall approach, which emphasizes fundamental analysis of domestic investment-grade bonds, has paid off nicely for investors.

The fund's one-, three- and five-year returns also land in the group's top quartile. Morningstar bestows a five-star rating on the fund, whose assets total about $14 billion.
The fund aims to generate a high and stable income stream and preserve capital.

Although it is focused on debt securities, the portfolio team members seem a lot like value-oriented stockpickers. "We are very focused on the basics of the industry and the company, and combining that with the terms and conditions on the actual bonds we're investing in," says Dana Emery, portfolio manager of the fund.

The Income Fund has 31.6% of its assets in corporate bonds, versus 18.6% for the benchmark. But the portfolio managers have dialed down their exposure to corporate debt in recent years, noting that spreads have narrowed since the early part of the decade when these securities went through a tough credit cycle. Today, says Emery, "You have significantly less reward investing in corporate bonds."

T
At&t Inc.
$26.44
+0.30%
$26.51

From Barron's 7-23-07: The portfolio holds corporate credits in 37 companies, including AT&T (T), Xerox (XRX), Comcast (CMCSA), Dow Chemical (DOW), Macy's (M), Liberty Media (LCAPB) and WellPoint (WLP).

People owning T also tend to own: ACE BAC C CB COP CVX DIS

TheStreet.com Rating: B- What is this?

XRX
Xerox Cp
$7.89
+0.64%
$7.91

People owning XRX also tend to own: SIRI YHOO AAPL AMX CCJ CHL CSX

TheStreet.com Rating: C What is this?

CMCSA
Comcast Corporati
$15.10
+1.68%
$15.00

People owning CMCSA also tend to own: ADP BAC BSX CCL CSCO ERTS IGT

TheStreet.com Rating: C+ What is this?

DOW
Dow Chemical
$26.71
+2.89%
$26.18

People owning DOW also tend to own: AA ALL APC BUD COP CVX GSK

TheStreet.com Rating: C- What is this?

M
Macy's Inc
$17.86
0.00%
$N/A

People owning M also tend to own: CSCO JCP KSS TGT COH DWA KTC

TheStreet.com Rating: D What is this?

LCAPB
Liberty Media Cor
$24.22
0.00%
$N/A

People owning LCAPB also tend to own: CMCSA DOW FCJ GJM M T WLP

TheStreet.com Rating: D What is this?

WLP
Wellpoint Inc.
$53.39
+1.97%
$52.98

People owning WLP also tend to own: AES BER ODP OSK PGH TXU AFFX

TheStreet.com Rating: B- What is this?

FCJ
Ford Motor 7.6% N
$19.51
0.00%
$N/A

From Barron's 7-23-07: Unlike the Lehman Ag, which has no debt below investment-grade, the Dodge & Cox bond fund dips its toe into those waters, albeit gingerly. The managers refuse to use the term "junk," calling these companies "fallen angels" that want to return to investment-grade status. About 9% of the portfolio is in these securities, including those of HCA, the former Hospital Corp. of America (now private), Ford Motor Credit (FCJ) and GMAC (GJM).

People owning FCJ also tend to own: BBT GFLSO HBAN JPM RGM AWSHX BAY.V

TheStreet.com Rating: No Rating What is this?

Page 1 of 2
1
2

Comments not available

'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 12, 2009 According to CNBC’s “Fast Money” traders, stocks continued to move higher this week, maintaining their strength off the ...

11.12.09 | 11:44 AM

Squeezing the Shorts: Large-Cap ...

By Jonas Elmerraji Posted on Nov. 11, 2009 Recently we put our short-squeeze focus on smaller stocks; this week we’re going large-cap. With higher trading volumes, mo...

11.11.09 | 15:19 PM

Dividend Stocks for the Week

By Jonas Elmerraji Posted on Nov. 10, 2009 After six straight days of gains, the markets are taking a breather today, which gives us the chance to focus our attention b...

11.10.09 | 15:04 PM

This Week's 'Barron's' Roundup

By Roberto Pedone Posted on Nov. 9, 2009 Financial-Services Bull: Barron’s talks with Anton Schutz, portfolio manager at the Burnham Financial Industries Fund (BURFX)...

11.09.09 | 11:01 AM

AN UNTAPPED MARKET THE MUSLIN WO...

11.13.09 | 02:36 AM From author JustForBucks

Post your #1 pick for 2009

12.31.08 | 10:19 AM From author Momentumseeker

Nymph's Trading Daily Trading Diary

04.13.09 | 01:10 AM From author Trading Nymph

The Presidential/Political Thread

01.02.08 | 08:05 AM From author Dave Cox

more forums