Dodge & Cox Funds Statutoary Prospectus dated May 1, 2013

Wholly-owned Subsidiaries The Dodge & CoxGlobal Stock Fund and Dodge & Cox International StockFund may invest in the Dodge & Cox Global Stock FundCayman, Ltd. and Dodge & Cox International StockFund Cayman, Ltd., respectively, each of which is awholly-owned subsidiary of the respective Fund organizedunder the laws of the Cayman Islands (each a“Subsidiary”). The Dodge & Cox Global Bond Fund mayalso establish a similar wholly-owned subsidiary if deemedadvisable by Dodge & Cox. Each Fund may invest in itsSubsidiary to gain exposure to non-U.S. registeredsecurities. Each Subsidiary has entered into a separateInvestment Management Agreement with Dodge & Coxfor the management and administration of theSubsidiary’s portfolio. Dodge & Cox is not compensatedby a Subsidiary for the services it provides to theSubsidiary. As described above, Dodge & Cox receives amanagement fee from each Fund based on the averagedaily net assets of the Fund, which includes any amountsinvested in a Subsidiary. The Dodge & Cox Global StockFund, Dodge & Cox International Stock Fund, andDodge & Cox Global Bond Fund will each bear theoperating expenses of the relevant Subsidiary.INVESTMENT COMMITTEESINVESTMENT POLICY COMMITTEEThe Dodge & Cox Stock Fund’s investments and the stock portion of the Dodge & Cox Balanced Fund are managed byDodge & Cox’s Investment Policy Committee (IPC), and in general no one IPC member is primarily responsible for makinginvestment recommendations for the Stock and Balanced Funds. IPC is also responsible for determining the asset allocation ofthe Dodge & Cox Balanced Fund. IPC consists of the following nine members:Committee Member Position(s) with Funds Business Experience During the Past Five YearsJohn A. Gunn Senior Vice President Chairman Emeritus (2011-2013), Chairman (2007-2011), ChiefExecutive Officer (2007-2010), and Director (until 2013) ofDodge & Cox; Portfolio Manager, and member of IPC, GSIPC(until 2014), and IIPCCharles F. Pohl Chairman and Trustee Chairman (since 2013), Co-President (2011-2013), Senior VicePresident (until 2011), and Director of Dodge & Cox; ChiefInvestment Officer, Portfolio Manager, Investment Analyst, andmember of IPC, GSIPC, IIPC, and FIIPCC. Bryan Cameron Vice President Senior Vice President (since 2011) and Vice President (until2011) of Dodge & Cox; Director of Research, Portfolio Manager,Investment Analyst, and member of IPC and IIPCDiana S. Strandberg Senior Vice President Senior Vice President (since 2011), Vice President (until 2011),and Director (since 2011) of Dodge & Cox; Director ofInternational Equity (since 2009), Portfolio Manager, InvestmentAnalyst, and member of IPC, GSIPC, IIPC, and GBIPC (since2014)David C. Hoeft Vice President Senior Vice President (since 2011), Vice President (until 2011),and Director (since 2011) of Dodge & Cox; Associate Director ofResearch (since 2009), Portfolio Manager, Investment Analyst,and member of IPCGregory R. Serrurier Vice President Senior Vice President (since 2011) and Vice President (until2011) of Dodge & Cox; Portfolio Manager and member of IPCand IIPCWendell W. Birkhofer Vice PresidentVice President of Dodge & Cox; Portfolio Manager and memberof IPCSteven C. Voorhis Vice President Vice President of Dodge & Cox; Portfolio Manager, InvestmentAnalyst, and member of IPC and GSIPCPhilippe Barret, Jr. Vice President Vice President (since 2009) of Dodge & Cox; Portfolio Manager,Investment Analyst, and member of IPC (since 2013)Years withDodge & Cox423031262130271810PAGE 54 ▪ D ODGE & C OX F UNDS