Dodge & Cox Funds Statutoary Prospectus dated May 1, 2013

Important Note: The services described may not beavailable through some retirement plans or accountsheld by Financial Intermediaries. If you are investing insuch a manner, you should contact your planadministrator/trustee or Financial Intermediaries aboutwhat services are available and with questions aboutyour account.FINANCIAL HIGHLIGHTSThe financial highlights table is intended to help you understand each Fund’s financial performance for the past five years.Certain information reflects financial results for a single Fund share. The total returns in the table represent the rate that aninvestor would have earned (or lost) on an investment in the Fund (before taxes, and assuming reinvestment of all dividendsand distributions). This information has been audited by PricewaterhouseCoopers LLP, whose report, along with the Fund’sfinancial statements, are included in the Annual Report, which is available upon request and on the Funds’ web site atwww.dodgeandcox.com.Year Ended December 31,DODGE & COX STOCK FUND2013 2012 2011 2010 2009Net asset value, beginning of year $121.90 $101.64 $107.76 $96.14 $74.37Income from investment operations:Net investment income 2.11 1.98 1.76 1.23 1.15Net realized and unrealized gain (loss) 46.97 20.26 (6.13) 11.62 21.82Total from investment operations 49.08 22.24 (4.37) 12.85 22.97Distributions to shareholders from:Net investment income (2.11) (1.98) (1.75) (1.23) (1.20)Net realized gain — — — — —Total distributions (2.11) (1.98) (1.75) (1.23) (1.20)Net asset value, end of year $168.87 $121.90 $101.64 $107.76 $96.14Total return 40.55% 22.01% (4.08)% 13.48% 31.27%Ratios/supplemental data:Net assets, end of year (millions) $54,848 $39,841 $36,562 $43,038 $39,991Ratio of expenses to average net assets 0.52% 0.52% 0.52% 0.52% 0.52%Ratio of net investment income to average net assets 1.45% 1.72% 1.62% 1.25% 1.42%Portfolio turnover rate 15% 11% 16% 12% 18%D ODGE & C OX F UNDS ▪ PAGE 61