Dodge & Cox Funds Statutoary Prospectus dated May 1, 2013

DODGE & COX BALANCED FUNDYear Ended December 31,2013 2012 2011 2010 2009Net asset value, beginning of year $78.06 $67.45 $70.22 $64.03 $51.26Income from investment operations:Net investment income 1.66 1.65 1.62 1.41 1.46Net realized and unrealized gain (loss) 20.30 10.62 (2.77) 6.30 12.82Total from investment operations 21.96 12.27 (1.15) 7.71 14.28Distributions to shareholders from:Net investment income (1.65) (1.66) (1.62) (1.52) (1.51)Net realized gain (0.07) — — — —Total distributions (1.72) (1.66) (1.62) (1.52) (1.51)Net asset value, end of year $98.30 $78.06 $67.45 $70.22 $64.03Total return 28.37% 18.32% (1.66)% 12.23% 28.37%Ratios/supplemental data:Net assets, end of year (millions) $14,404 $12,217 $12,220 $14,849 $15,448Ratio of expenses to average net assets 0.53% 0.53% 0.53% 0.53% 0.53%Ratio of net investment income to average net assets 1.85% 2.21% 2.26% 2.13% 2.61%Portfolio turnover rate 25% 16% 19% 12% 19%DODGE & COX INCOME FUNDYear Ended December 31,2013 2012 2011 2010 2009Net asset value, beginning of year $13.86 $13.30 $13.23 $12.96 $11.79Income from investment operations:Net investment income0.42 0.48 0.55 0.57 0.65Net realized and unrealized gain (loss) (0.33) 0.56 0.07 0.35 1.20Total from investment operations 0.09 1.04 0.62 0.92 1.85Distributions to shareholders from:Net investment income (0.42) (0.48) (0.55) (0.65) (0.68)Net realized gain — — — — —Total distributions (0.42) (0.48) (0.55) (0.65) (0.68)Net asset value, end of year $13.53 $13.86 $13.30 $13.23 $12.96Total return 0.64% 7.94% 4.76% 7.17% 16.05%Ratios/supplemental data:Net assets, end of year (millions) $24,654 $26,539 $24,051 $22,381 $19,254Ratio of expenses to average net assets 0.43% 0.43% 0.43% 0.43% 0.43%Ratio of net investment income to average net assets 3.00% 3.52% 4.12% 4.26% 5.29%Portfolio turnover rate 38% 26% 27% 28% 20%D ODGE & C OX F UNDS ▪ PAGE 63