Q1 2026 Estimated Capital Gains Distributions

Dodge & Cox has released estimated capital gains distributions for the first quarter of 2026, specifically targeting the Balanced and Stock Funds. These distributions represent realized capital gains accrued between November 1 and December 31 of the preceding year, adhering to the firm’s standard policy of distributing late-year gains in the following March. Other funds within the firm’s portfolio, including the International, Global Stock, and Emerging Markets Stock Funds, operate on a different schedule and typically issue distributions only in December.

The estimated distributions for the Balanced Fund (DODBX and DOXBX) are set at $0.09 per share, representing 0.6% of the net asset value. The Stock Fund (DODGX and DOXGX) estimates a distribution of $0.16 per share, or 1.0% of the net asset value. These figures consist entirely of long-term capital gains, with no short-term gains reported for this period. The firm maintains its commitment to ongoing ordinary income distributions alongside these capital gains payouts.

These estimates are based on financial data as of February 23, 2026, and remain subject to change pending final approval by the Board of Trustees. The official record date for these distributions is March 24, 2026, with the ex-dividend and reinvestment date scheduled for March 25, 2026, and the payable date set for March 26, 2026. Investors are advised that these figures are preliminary and should consult the firm’s official website in late March for final distribution amounts. As with all investment activities, these distributions are subject to market risks, and shareholders are encouraged to seek professional tax or legal counsel regarding the implications of these payments.