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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.

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