Last week, Morningstar published its semiannual Morningstar Fund Family 150 report. (Highlights of the paper are free to those who submit their information. For a briefer overview, see this post from Morningstar’s Bridget Hughes.) The publication ranks the 150 largest U.S. fund companies from top to bottom. The current installment places Dodge & Cox first, and City National Rochdale dead last.
Dodge & Cox has indeed been impressive. The organization boasts several attributes. Its funds are cheap; its managers have long tenures and invest heavily in their own charges; and, unlike most competitors, Dodge & Cox has never launched a fund that it later liquidated. The firm’s backyard contains no skeletons.
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John Rekenthaler has a position in the following securities mentioned above: DODFX. Find out about Morningstar’s editorial policies.