fund
Dodge & Cox Worldwide Global Stock GBP
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2189.00p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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3179.00p
Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.69% 0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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0.60%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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0.69%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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0.90%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
Fund summary
| Sector | Global |
| Structure | OFFSHORE FUND |
| Launched | November, 2009 |
| Size | £3,181m |
| Yield | 0.90% |
| Charging basis | |
| Dividends paid | Jan, Apr, Jul, Oct. |
Charges
| Standard initial charge | 0.69% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.60% |
| Ongoing charges figure | 0.69% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.83%
- 17/18 -0.09%
- 18/19 -0.41%
- 19/20 -0.77%
- 20/21 -0.40%
Bestinvest MRI
- 3 years -0.53%
- 5 years -0.17%
- Career 0.08%
- 3 years 14.90%
- 5 years 36.30%
- Career 79.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Dodge & Cox Investment Policy Committee
Wendell W Birkhofer, Vice President Birkhofer received a BA degree from Stanford University in 1978 and an MBA from the Stanford Graduate School of Business in 1987. Prior to entering the MBA program, he worked for six years with Wen Birkhofer & Co an investment broker dealer firm in Los Angeles. He joined Dodge & Cox in 1987. He is a member of the Board of Governors of the Investment Adviser Association. He is a shareholder of the firm, a CFA charterholder, and a Chartered Investment Counselor. Gregory R Serrurier, Vice President Serrurier received his BS degree in 1979 from Oregon State University and his MBA from the Stanford Graduate School of Business in 1984. He joined Dodge & Cox in 1984. He is a shareholder of the firm, a CFA charterholder, and a Chartered Investment Counselor.
Track record
Dodge & Cox Investment Policy Committee has 24.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.08%. During the worst period of relative performance (from May 2006 - August 2020) there was a decline of 35% relative to the index. The worst absolute loss has been 59%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 79%.
Periods of worst performance
| Absolute | -59.00% (May 2007 - February 2009) |
| Relative | -35.00% (May 2006 - August 2020) |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
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