Manager Research
all members of our manager research team have over ten years of investment experience.
Dodge & Cox have announced in their June 2018 quarterly update that they will be reducing the fee cap on the Global Stock Fund. This change does not relate to the fee charged for the fund, this stays at 0.60%, it rather refers to the practice of subsidising any additional fund costs above a certain level. Dodge & Cox has previously capped the ongoing charges figure (OCF) at 0.70%, this is equivalent to the total expense ratio (TER) that will be familiar to South African investors. The fund will now be capped at an OCF of 0.63%, effectively reducing the maximum that investors could pay by 0.07%. There is no performance fee component for the fund.
Dodge & Cox Global Stock is a Tier 1 rated fund and the business continues to lead the way by offering fully active fund management at an extremely competitive cost to client. This is evidence of them putting client interests ahead of business profits as this latest reduction in fees is effectively a 10% cut in their fees from the fund.
Dodge & Cox Global Stock Fund Fee Change
17 Jul 2018