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Dodge & Cox Income Playing Defense Against Rates

Management's foresight to have less rate sensitivity in the portfolio allowed the Gold-rated fixed-income fund to generate a positive return in 2013.

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Sarah Bush: Hello, my name is Sarah Bush. I'm an analyst with Morningstar, and today I'm here with Tom Dugan, who is associate director of fixed income at Dodge & Cox and a member of the investment policy committee there.

Thanks very much for joining me today, Tom.

Sarah Bush does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.