DOXBX Fees and Costs — Dodge & Cox Balanced Fund, Class X
Data updated: 2026-08-28
The net expense ratio is 0.42%: a 0.45% management fee plus 0.02% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.3M in broker commissions, 0.0087% of average net assets, and portfolio turnover was 30%.
DOXBX Fees and Expenses
Annual operating expenses and sales charges of DOXBX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.48% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DOXBX Costs Over Time
On $10,000 invested in DOXBX, assuming 5% a year before costs, total costs come to $271 over 5 years, cutting the return by 0.45% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.42%) | $44 | $138 | $241 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $148 | $271 |
| Value after costs | $10,455 | $11,428 | $12,492 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
DOXBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0087%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $62.6B
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
DOXBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $209K | 19.43% |
| Barclays Capital, Inc. | $208K | 19.33% |
| Morgan Stanley & Co. LLC | $164K | 15.22% |
| Citigroup Global Markets, Inc. | $112K | 10.38% |
| Goldman Sachs & Co. LLC | $100K | 9.31% |
| Sanford C. Bernstein & Co., LLC | $68K | 6.28% |
| Daiwa Capital Markets America Inc. | $64K | 5.96% |
| Jefferies LLC | $61K | 5.69% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $50K | 4.61% |
| UBS Securities LLC | $41K | 3.78% |
DOXBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank And Trust Company | $55.1B | 90.28% |
| Standard Chartered Securities North America LLC | $2.3B | 3.83% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1.6B | 2.56% |
| RBC Capital Markets, LLC | $433.4M | 0.71% |
| J.P. Morgan Securities LLC | $380.8M | 0.62% |
| Citadel Securities LLC | $277.5M | 0.45% |
| Citigroup Global Markets, Inc. | $254.6M | 0.42% |
| BMO Capital Markets Corp. | $251.4M | 0.41% |
| Wells Fargo Securities, LLC | $227.8M | 0.37% |
| SMBC Nikko Securities America, Inc | $210.4M | 0.34% |
Dodge & Cox Balanced Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DOXBX | Class X | 0.42% | none |
| DODBX | Class I | 0.52% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.