Dodge & Cox's Comments on Subprime

[HenryTo]

No direct exposure but some indirect exposure through its investments in the AAA-rated Goldman Sachs Mortgage Loan Reperforming MBS, shares of companies with subprime portfolios, etc.

http://www.dodgeandcox.com/pdf/shareholder_services/SubprimeExposure_063007.pdf

Note that on a YTD basis, the D&C Income Fund is 1.3% ahead of its benchmark (the Lehman Agg), and in the 49th percentile of its category of intermediate bonds. On both a 3 and a 5-year basis, the fund ranks in the top quartile of its category.

http://quicktake.morningstar.com/fundnet/TotalReturns.aspx?Country=USA&Symbol=DODIX&fdtab=returns