Dodge & Cox Funds Statutoary Prospectus dated May 1, 2013

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An investment in the Fund is not a deposit of abank and is not insured or guaranteed by the FederalDeposit Insurance Corporation or any othergovernment agency.PERFORMANCE INFORMATIONThe following bar chart and table are intended to help youunderstand the risks of investing in the Fund. The barchart shows changes in the Fund’s returns from year toyear. The table shows how the Fund’s average annual totalreturns for one, five, and ten years compare to that of abroad measure of market performance.The Fund’s past performance (before and after taxes) doesnot necessarily indicate how the Fund will perform inthe future. Visit the Fund’s website at www.dodgeandcox.comor call 800-621-3979 for current performance figures.DODGE & COX INTERNATIONAL STOCK FUNDAnnual total returns 2004-2013 (%)32.4616.7428.0011.7147.4613.6921.03 26.31AVERAGE ANNUAL TOTAL RETURNSFOR THE PERIODS ENDED 12/31/2013Dodge & CoxInternational Stock Fund 1 Year 5 Years 10 YearsReturn before taxes 26.31% 16.58% 9.77%Return after taxes on distributions 25.97 16.43 9.40Return after taxes on distributionsand sale of Fund shares 15.43 13.71 8.30MSCI EAFE (Europe, Australasia,Far East) Index (Net)* (reflectsno deduction for expenses or taxes) 22.79 12.44 6.91* MSCI Index (Net) returns are calculated applying dividendwithholding rates applicable to non-resident persons who do notbenefit from double taxation treaties. Withholding rates applicableto the Fund may be lower.After-tax returns are calculated using the historicalhighest individual federal marginal income tax rates, butdo not reflect the impact of state or local taxes. Actualafter-tax returns may differ depending on your individualcircumstances. After-tax return figures do not apply to youif you hold your Fund shares through a tax-deferredarrangement such as a 401(k) plan or an individualretirement account.−15.97−46.6804 05 06 07 08 0910 11 12 13Highest/Lowest quarterly results during the time period were:Highest: 33.37% (quarter ended June 30, 2009)Lowest: –26.06% (quarter ended December 31, 2008)PAGE 10 ▪ D ODGE & C OX F UNDS
FUND MANAGEMENTDodge & Cox serves as investment manager to the International Stock Fund. The Fund is managed by Dodge & Cox’sInternational Investment Policy Committee (IIPC), which consists of the following nine members:Committee Member Primary Titles with Investment ManagerYears managingthe Fund/Years withDodge & CoxJohn A. Gunn Portfolio Manager and member of Investment Policy Committee (IPC) 13/42Charles F. Pohl Chairman, Chief Investment Officer, Director, Portfolio Manager, Investment Analyst,and member of IPC, Global Stock Investment Policy Committee (GSIPC), and FixedIncome Investment Policy Committee (FIIPC)7/30Diana S. StrandbergSenior Vice President, Director of International Equity, Director, Portfolio Manager,Investment Analyst, and member of IPC, GSIPC, and Global Bond Investment PolicyCommitteeC. Bryan Cameron Senior Vice President, Director of Research, Portfolio Manager, Investment Analyst, and 13/31member of IPCGregory R. Serrurier Senior Vice President, Portfolio Manager, and member of IPC 13/30Mario C. DiPrisco Vice President, Portfolio Manager, and Investment Analyst 10/16Roger G. Kuo Vice President, Portfolio Manager, Investment Analyst, and member of GSIPC 8/16Keiko Horkan Vice President, Portfolio Manager, and Investment Analyst 7/14Richard T. Callister Vice President, Portfolio Manager, and Investment Analyst 2/1213/26OTHER IMPORTANT INFORMATION ABOUT FUND SHARESFor important information about purchase and sale of Fund shares, tax information, and payments to financial intermediariesplease turn to the “Summary of Other Important Information About Fund Shares” section on page 26 of this prospectus.D ODGE & C OX F UNDS ▪ PAGE 11
Page 1 and 2: D ODGE & COX F UNDS ®May 1, 2014Li
Page 3 and 4: DODGE & COX STOCK FUNDINVESTMENT OB
Page 5 and 6: do not reflect the impact of state
Page 7 and 8: should expect the Fund’s share pr
Page 9 and 10: FUND MANAGEMENTDodge & Cox serves a
Page 11: PRINCIPAL RISKS OF INVESTINGYou cou
Page 15 and 16: may be invested in below investment
Page 17 and 18: An investment in the Fund is not a
Page 19 and 20: DODGE & COX INCOME FUNDINVESTMENT O
Page 21 and 22: was anticipated, delaying the retur
Page 23 and 24: DODGE & COX GLOBAL BOND FUNDINVESTM
Page 25 and 26: “junk” securities, have specula
Page 27 and 28: The Fund’s past performance (befo
Page 29 and 30: INVESTMENT OBJECTIVES, PRINCIPAL IN
Page 31 and 32: y non-U.S. companies from at least
Page 33 and 34: apidly changing economic, market, a
Page 35 and 36: securities rated Baa or BBB or belo
Page 37 and 38: lower interest rates, resulting in
Page 39 and 40: DISCLOSURE OF PORTFOLIO HOLDINGSA c
Page 41 and 42: successful, hedging strategies may
Page 43 and 44: also include futures contracts that
Page 45 and 46: HOW TO PURCHASE SHARES (continued)I
Page 47 and 48: authorized signatory named on a cer
Page 49 and 50: If, subsequent to placing a redempt
Page 51 and 52: fully reflect their fair value. The
Page 53 and 54: PRICING OF SHARESThe share price (n
Page 55 and 56: from the account. These accounts ar
Page 57 and 58: GLOBAL STOCK INVESTMENT POLICY COMM
Page 59 and 60: FIXED INCOME INVESTMENT POLICY COMM
Page 61 and 62: Code of Ethics Dodge & Cox has adop
Page 63 and 64:
Important Note: The services descri
Page 65 and 66:
DODGE & COX BALANCED FUNDYear Ended
Page 68:
D ODGE & COX F UNDS ®FOR MORE INFO
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Dodge & Cox Funds Statutoary Prospectus dated May 1, 2013

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