Jan. 5, 2004 — The Dodge & Cox Stock Fund (DODGX) will close to new investors on January 16 to keep from getting too big to be manageable.
Investments in the fund in recent months have “accelerated” to the point where Dodge & Cox Funds believes it is in the best interest of shareholders “to slow the pace of cash flows,” the company said in a notice on its Web site.
The fund had about $25 billion in assets at the end of November last year, according to Standard & Poor’s data. Information on the fund’s size at the end of 2003 was not immediately available.