08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Representing Dodge & Cox:

Dodge & Cox Global Stock Fund

May 1, 2008

Dodge & Cox does not guarantee the future performance of any account (including Dodge & Cox mutual funds) or any specific level of performance, the success of any

investment decision or strategy that Dodge & Cox may use, or the

success of Dodge & Cox's overall management of an account.  Investment decisions made for a

client's account by Dodge & Cox are subject to various market, currency, economic, political and business risks (foreign investing, especially in developing countries,

has special risks such as currency and market volatility and political and social instability), and those investment decisions will not always be profitable.  No

representation is made that it is accurate or complete.  Neither

the information nor any opinion expressed constitutes an offer to buy or sell the securities mentioned. 

This information is the confidential and proprietary product of Dodge & Cox.  Any unauthorized use, reproduction or disclosure is strictly prohibited.

I. 

Introduction to Dodge & Cox

II.

Global Stock Fund Overview

III.

Investment Team and Process

IV.

Equity Portfolio & Strategy

V.

Supplemental Exhibits

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Over Seventy-Five Years of Investment Experience

Dodge & Cox was founded in 1930.  We have a stable and well-qualified team of investment professionals,

most of whom have spent their entire careers at Dodge & Cox.

Independent Organization

Ownership of Dodge & Cox is limited to active employees of the firm. Currently there are 58 shareholders

and 181 total employees.

One Business

Dodge & Cox provides domestic, international and global equity, fixed income, and balanced account management.

Single Office Location

We maintain close communication among our investment professionals by operating from

one office in San Francisco.

Independent Research Staff

Thorough fundamental analysis of each investment allows us to make independent, long-term decisions for

our clients’

portfolios.                                                    

Key Characteristics of Our Organization

May 2008

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Account Type

Client Type

Dodge & Cox Assets Under Management ($ in billions)

$216.3 in Total Assets:  $148.3 in Equities  /  $68.0 in Fixed Income

Dodge & Cox Funds: $143.8 billion

*reopened to new investors effective February 4, 2008.

as of March 31, 2008

Stock Fund*

$54.6

Balanced Fund*

$23.9

Income Fund

$16.2

International

Stock Fund

$49.1

Public

Employee Benefit

$13.7

Corporate Employee

Benefit

$30.6

Taft-

Hartley

Emp.

Benefit

$8.1

Private Clients

$5.4

Insurance & Other

Taxable Corp.

$3.2

Foundation &

Endowment

$11.5

Fixed Income

$57.7

Balanced*

$30.4

Equity

$128.2

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

General Information

•

Long-Term Investment Horizon

•

Diversified Portfolio by Sector and Region

•

Well-Established Companies

•

Below-Average Valuations

•

Gradual Portfolio Shifts

* For the fiscal years ending December 31, 2008 and 2009, Dodge & Cox has contractually agreed to reimburse the Fund for all ordinary expenses to the extent necessary

to maintain Total Fund Operating expenses at 0.90%. The agreement is renewable annually thereafter and is subject to termination

upon 30 days written notice by either

party.

This presentation must be accompanied or preceded by the current

prospectus of the Dodge & Cox Funds, which include more complete information, including

management fees, investment policies, risk  considerations, and expenses. Foreign investing, especially in developing countries, has special risks such as currency and

market volatility and political and social instability.

These and other risk considerations are discussed in the Fund’s Prospectus. Read it carefully before investing.

Dodge & Cox Global Stock Fund

Key Characteristics Shared by Dodge & Cox Funds

•

Objective: Long-Term Growth of Principal and Income

•

Low Expenses

•

Stable and Experienced Investment Team

•

Consistent Investment Approach

•

Team Decision-Making Process

•

Potential Low Turnover Resulting from Long-Term View

•

Fund Inception Date: May 1, 2008

•

Expense Ratio: capped at 0.90% by Dodge & Cox*

•

Management Fee: 0.60%

•

Distributions: Dividends and capital gains, if any, are

distributed in December.

•

Opening Net Asset Value per Share: $10.00

Portfolio Overview

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Mid 80s

Late 80s                 Mid 90s                  2001         

2004                  Feb 2008

May 2008

Recognized need

to develop global

research expertise

for existing

clients.

Ramped up global

research efforts.

Invested in select

international

companies in

“domestic”

portfolios.

Decided to

explore an

international

-only

portfolio.

International

Stock Fund

launched

Global

Stock Fund

launched

Global Fund Timeline

This

presentation

must

be

accompanied

or

preceded

by

the

current

prospectus

of

the

Dodge

&

Cox

Funds,

which

include

more

complete

information,

including

management

fees,

investment

policies,

risk

considerations,

and

expenses.

Foreign

investing,

especially

in

developing

countries,

has

special

risks

such

as

currency

and

market

volatility

and

political

and

social

instability.

These

and

other

risk

considerations

are

discussed

in

the

Fund’s

Prospectus.

Read

it

carefully

before

investing.

Development of Dodge & Cox Global Stock Fund

Closed Stock

& Balanced

Funds to new

investors due

to pace of

cash inflows.

Re-opened

Stock &

Balanced

Funds

Dodge

&

Cox

research

effort

has

been

organized

on

a

global

basis

since

the

late-1980s.

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Why create a Global Stock Fund ?

The Global Stock Fund can provide interested clients with exposure to available securities on a global basis. Company, industry and country

allocations will be made by the GIPC based on Dodge & Cox’s fundamental research and analysis.

How will the Global Stock Fund be different from the Stock Fund?

The Stock Fund is restricted from owning more that 20% of total assets in U.S. dollar-denominated securities of foreign issuers traded in the

US. In contrast, the Global Stock Fund does not have such restrictions.

How will the Global Stock Fund be different from the International Stock Fund?

The International Stock Fund has a 20% cap on securities issued by U.S. companies. In contrast, the Global Stock Fund does not have such

a cap. Under normal circumstances, the Global Stock Fund will have at least 40% of assets in non-U.S. companies.

How does the Global Stock Fund compare to a combination of the Stock Fund and the International Stock Fund?

Global Stock Fund offers investors a simplified approach to global investing without the complexities of combining domestic and

international funds in one’s portfolio.

Dodge & Cox Global Stock Fund

* For the fiscal years ending December 31, 2008 and 2009, Dodge & Cox has contractually agreed to reimburse the Fund for all ordinary expenses to the extent necessary

to maintain Total Fund Operating expenses at 0.90%. The agreement is renewable annually thereafter and is subject to termination

upon 30 days written notice by either

party.

This

presentation

must

be

accompanied

or

preceded

by

the

current

prospectus

of

the

Dodge

&

Cox

Funds,

which

include

more

complete

information,

including

management

fees,

investment

policies,

risk

considerations,

and

expenses.

Foreign

investing,

especially

in

developing

countries,

has

special

risks

such

as

currency

and

market

volatility

and

political

and

social

instability.

These

and

other

risk

considerations

are

discussed

in

the

Fund’s

Prospectus.

Read

it

carefully

before

investing.

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

This

presentation

must

be

accompanied

by

or

preceded

by

the

current

prospectus

of

the

Dodge

&

Cox

Funds,

which

include

more

complete

information,

including

management

fees,

investment

policies,

risk

considerations,

and

expenses.

Foreign

investing,

especially

in

developing

countries,

has

special

risks

such

as

currency

and

market

volatility

and

political

and

social

instability.

These

and

other

risk

considerations

are

discussed

in

the

Fund’s

Prospectus.

Read

it

carefully

before

investing.

What Makes Us Distinctive?

Typical Portfolio Characteristics:

•

Below 100 securities

•

Potential low turnover (<20%) reflecting long-term view

Common Characteristics:

•

100+ securities in portfolio

•

100%+ portfolio turnover

Risk Assessment is based on capital preservation:

•

Risk defined as potential for permanent loss of capital

•

Portfolio diversified across industries and regions

•

Thorough analysis of individual holdings

•

Judgment guides sector and country limits

Risk Assessment is benchmark-based:

•

Risk defined as volatility relative to benchmark

•

Minimize tracking error and portfolio beta

•

Benchmark-based sector and country limits

•

Bottom-up approach based on individual company analysis

•

Macro view is outcome

•

Macro view and forecasts used as inputs to security selection

•

Focused team based in San Francisco

•

Global industry analysts

•

Worldwide investment staff

•

Dedicated international team

Dodge & Cox Approach

Other Global Funds

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Disciplined

Decision-Making

by

an

Experienced

and

Stable

Team

Investment Advocacy by Research Analysts

Objectives:

Conduct Bottom-up Research of Individual Companies

Identify Investment Opportunities and Monitor Existing Holdings

Advocate Investment Recommendations

Years at D&C

•

John Gunn

†, ‡

Chairman & Chief Executive Officer

35

•

Bryan Cameron

†, ‡

Director of Research

24

•

Charles Pohl

†, ‡

Chief Investment Officer

23

Research Analysts

Sectors

•

Wendell Birkhofer

†

Broadcasting, Entertainment

20

•

Diana Strandberg

†,‡

International

19

•

Kevin Johnson

Integrated Oils, Consumer Finance (US)

18

•

Steven Cassriel

Railroads, Airlines

15

•

David Hoeft

†

Computer Hardware, Software, Semiconductors

14

•

Yasha Gofman

‡

Energy, Tobacco, Russia, Israel

12

•

Steven Voorhis

†

Pharmaceuticals, Metals and Mining, India

11

•

John Iannuccillo

Aerospace, Electrical Equipment, Paper, IT Services

10

•

Mario DiPrisco

‡

Banks (EMEA, India & Latin America), Building Products, Latin America

9

•

Roger Kuo

‡

Telecom (Americas), Media & Entertainment, China, HK

9

•

Keiko Horkan

‡

Banks (US & Japan), Specialty Finance, Consumer, Electronics, Japan

7

•

Karol Marcin

Beverages, Restaurants & Leisure, Insurance, Central Europe

7

•

Amanda Nelson

Telecom Equipment, Utilities, Greece, Turkey

7

•

Lily Beischer

Telecom (Emerging and Asia), Retail, Footwear & Apparel, Cosmetics

7

Philippines, Indonesia

•

Rick Callister

Machinery, Medical Devices, Chemicals, Scandinavia

5

•

Englebert Bangayan

Commercial Services, Transportation (International)

5

•

Raymond Mertens

REITs, Hotels, Commercial Printing, Healthcare Services, Consumer Products

4

•

Philippe Barret

Banks (Asia ex. Japan), Brokers, Inv. Managers, Exchanges, Imaging

3

•

Karim Fakhry

Appliances, Building Products, US Home Builders, Biotech

2

•

Joel-Patrick  Millsap

Telecom Services (Europe), Global Autos

1

•

Kathleen Grey McCarthy 

Beverages, Restaurants

New

•

Paritosh Somani

Metals, Mining

New

•

Tae Yamaura

Japan

New

Decision-Making by

Global Investment Policy Committee

Objectives:

Evaluate Individual Securities

Approve Buy/Sell List with Target Weightings

Review Portfolio Diversification

Oversee Implementation of Investment Strategy

Committee Members

Years at D&C

•

John Gunn

†, ‡

35

•

Charles Pohl

†, ‡

23

•

Diana Strandberg

†, ‡

19

•

Steven Voorhis

†

11

•

Lily Beischer

7

•

Karol Marcin

7

†

Also member of Investment Policy Committee

‡

Also member of International Investment Policy Committee

This

presentation

must

be

accompanied

by

or

preceded

by

the

current

prospectus

of

the

Dodge

&

Cox

Funds,

which

include

more

complete

information,

including

management

fees,

investment

policies,

risk

considerations,

and

expenses.

Foreign

investing,

especially

in

developing

countries,

has

special

risks

such

as

currency

and

market

volatility

and

political

and

social

instability.

These

and

other

risk

considerations

are

discussed

in

the

Fund’s

Prospectus.

Read

it

carefully

before

investing.

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Experienced

and

Stable

Investment

Team

Years

at

Dodge

&

Cox

as

of

September

2007

Investment Policy Committee

Member

Years

Member

Years

John Gunn

35

Bryan Cameron

24

Kenneth Olivier

28

Gregory Serrurier

23

Charles Pohl

23

Wendell Birkhofer

20

Diana Strandberg

19

Steven Voorhis

11

David Hoeft

14

Fixed Income Investment Policy Committee

Member

Years

Member

Years

John Gunn

35

Dana Emery

24

Charles Pohl

23

Peter Lambert

19

Robert Thompson

15

Thomas Dugan

14

Kent Radspinner

11

Larissa Roesch

10             

James Dignan

8

International Investment Policy Committee

Member

Years

Member

Years

John Gunn

35

Bryan Cameron

24

Charles Pohl

23

Gregory Serrurier

23

Diana Strandberg

19

Yasha Gofman

12

Mario DiPrisco

9

Roger Kuo                        9

Keiko Horkan

7

Analysts and Managers

Policy Committees

Revised 5/2008

Global Investment Policy Committee

Member

Years

Member

Years

John Gunn

35

Steven Voorhis

11

Charles Pohl

23

Karol Marcin

7

Diana Strandberg

19

Lily Beischer

7

Managers/Analysts

Years

Coverage

John Gunn

35

Chairman & Chief Executive Officer

Kenneth Olivier

28

President

Katherine Drake

26

Portfolio Manager

Bryan Cameron

24

Director of Research Department

Charles Pohl

23

Chief Investment Officer

Gregory Serrurier

23

Portfolio Manager

Lynn Poole

20

Portfolio Manager

Wendell Birkhofer

20

Portfolio Manager / Broadcasting, Entertainment

Diana Strandberg

19

International

Kevin Johnson

18

Portfolio Manager / Integrated Oils, Consumer Finance (US)

Steven Cassriel

15

Portfolio Manager / Railroads, Airlines

David Hoeft

14

Computer Hardware & Software, Semiconductors

Yasha Gofman

12

Energy, Tobacco, Russia, Israel

Steven Voorhis

11

Pharmaceuticals, Metals & Mining, India

John Iannuccillo

10

Aerospace, Electrical Equipment, Paper, IT Services, Analytical Instruments

Mario DiPrisco

9

Banks (EMEA, India & Latin America), Building Products, Latin America

Roger Kuo

9

Telecom (Americas), Media, Entertainment, China, Hong Kong

Keiko Horkan

7

Banks (US & Japan), Consumer Electronics, Specialty Finance, Japan

Karol Marcin

7

Beverages, Restaurants & Leisure, Insurance, Central Europe

Amanda Nelson

7

Telecom Equipment, Natural Gas Pipelines, Electric Utilities, Turkey, Greece

Lily Beischer

7

Telecom (Asia), Retail, Footwear & Apparel, Cosmetics, Philippines, Indonesia

Rick Callister

5

Machinery, Chemicals, Medical Devices, Scandinavia

Englebert Bangayan

5

Commercial Services, Transportation (International)

James Borden

5

Portfolio Manager

Raymond Mertens

4

REITs, Hotels, Commercial Printing, Healthcare Services, Consumer Products

Phillippe Barret, Jr.

3

Asian (ex. Japan) Banks, Imaging, Brokers, Investment Managers, Exchanges

Eric Warner

2

Portfolio Manager

Karim Fakhry

2

Appliances, Building Products, US Home Building & Improvement, Biotech

Joel-Patrick Millsap

1

Telecom (Europe), Global Autos

Kathleen Grey McCarthy

New

Beverages, Restaurants

Paritosh Somani

New

Metals & Mining

Tae Yamaura

New

Japan

Fixed Income Analysts

Years

Coverage

Dana Emery

24

Executive Vice President, Corporates

Peter Lambert

19

Mortgage-Backed Securities

Robert Thompson

15

Agencies, Special Situations

Shirlee Neil

15

Corporates

Thomas Dugan

14

Mortgage-Backed Securities

Stephanie Notowich

12

Mortgage-Backed Securities

Nancy Kellerman

11

Municipals

Kent Radspinner

11

Asset-Backed Securities, TIPS

Larissa Roesch

10

Corporates, Scandinavia, Thailand

James Dignan

8

Mortgage-Backed Securities

Thinh Le

7

Corporates

E. Saul Peña

7

Corporates

Jay J. Stock

5

Analytics Systems, Other Research

Adam Rubinson

5

Corporates, Auto Finance

Anthony Brekke

4

Corporates

Nils Reuter

4

Mortgage-Backed Securities

Lucinda Johns

3

Corporates, South Africa

Linda K. Chong

2

Mortgage & Asset-Backed Securities, Korea, Malaysia

Nicholas V. Lockwood

New

Municipals, Treasury Trading

Allen C. Feldman

New

Analytics Systems

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Dodge & Cox Investment Process

Deliberate and Focused Team Approach to Investing

Investment Decision-Making

by Global Investment Policy

Committee

Investment Research by Global Industry Analysts

Portfolio Construction

•Review investment

recommendations by analysts

•Approve buy/sell list with target

weightings

•Review industry and regional

weightings

•Maintain diversification by sector

and geography

•Develop agenda for review

Due Diligence

•Develop 360-degree assessment

of company and prospects

•Interview management,

competitors, and industry experts

•Analyze financial statements, 

filings, and news

•Evaluate governance

•Develop financial model with 3-5

year forecasts

•Collaborate with other members

of research staff

Idea Generation

•Identify investment action items

within area of industry expertise

•Meet management teams,

customers, and suppliers

•Monitor company financial

reports

•Attend industry conferences and

field trips

•Monitor industry news

•Review valuation screens

Investment

Advocacy

Written report

and oral

presentation

This

presentation

must

be

accompanied

or

preceded

by

the

current

prospectus

of

the

Dodge

&

Cox

Funds,

which

include

more

complete

information,

including

management

fees,

investment

policies,

risk

considerations,

and

expenses.

Foreign

investing,

especially

in

developing

countries,

has

special

risks

such

as

currency

and

market

volatility

and

political

and

social

instability.

These

and

other

risk

considerations

are

discussed

in

the

Fund’s

Prospectus.

Read

it

carefully

before

investing.

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Research-Intensive

•

Ongoing analysis of each company’s valuation, corporate governance, growth opportunities, business strategies, and                       

financial returns

•

Individual security selection

Price Discipline

•

Most of our holdings will have below-average valuations

Long-Term View

•

Three-

to five-year investment horizon

•

Fully invested portfolio

Analyze Risk

•

Diversify portfolio across sectors

•

Invest in countries whose economic and political systems appear

more stable

•

Investigate financial “staying power”

Strategy

To build a diversified portfolio of medium-to-large, well-established companies in at least three countries, where the

company’s earnings and cash flow prospects are not adequately reflected in the current valuation.

Global Equity Investment Approach

This

presentation

must

be

accompanied

or

preceded

by

the

current

prospectus

of

the

Dodge

&

Cox

Funds,

which

include

more

complete

information,

including

management

fees,

investment

policies,

risk

considerations,

and

expenses.

Foreign

investing,

especially

in

developing

countries,

has

special

risks

such

as

currency

and

market

volatility

and

political

and

social

instability.

These

and

other

risk

considerations

are

discussed

in

the

Fund’s

Prospectus.Read

it

carefully

before

investing.

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Experience & Continuity

Dodge & Cox has over seventy-five years of continuous investment experience.  We have a stable and well-qualified team of

investment professionals.

Independence

We remain committed to independence, with ownership limited to active employees of the firm.  Our goal is to provide the

highest quality investment management service to our existing clients.

Focus

We are focused entirely on equity, fixed income and balanced account management.

Consistent Investment Philosophy

We believe that a long-term investment horizon, independent fundamental analysis and consistent price discipline allow us to

build

attractive

long-term

opportunities

in

our

clients’

portfolios.

Differentiating Characteristics

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Supplemental Exhibits

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Foreign Currency Hedging Policy

The

Dodge

&

Cox

Global

Stock

Fund

(GSF)

invests

both

in

U.S.

and

non-U.S.

securities.

A

decline

in

the

value

of

foreign

currencies

relative

to

the

U.S.-Dollar

would

reduce

the

un-hedged

value

of

foreign

securities.

What We Can Do

•

The Prospectus allows the GSF to use currency forward and futures contracts

to manage currency exposure.

•

The GSF will only enter into currency forward or futures contracts for hedging

and not for purposes of speculation.

•

Global

Investment

Policy

Committee

(GIPC)

periodically

evaluates

whether

hedging

foreign

currency

exposure

is

in

the

best

interest

of

the

long-term

shareholders.

Instruments

•

Forward

currency

contracts

are

agreements

to

buy

or

sell

a

currency

at

a

specified

price

set

at

the

time

of

the

contract.

•

Futures

currency

contracts

are

bilateral

agreements

pursuant

to

which

one

party

agrees

to

make,

and

the

other

agrees

to

accept, delivery of a specified currency at a specified future time and at a specified price. Although some futures contracts

by their terms call for actual delivery or acceptance of currency, in many cases the contracts are settled with a cash payment

without the making or taking of delivery of the specified currency.

* Please note, the risks, including counterparty and adverse currency movement risks, associated with investing in forward

currency and futures currency contracts are described in the Fund’s Prospectus.

This

presentation

must

be

accompanied

or

preceded

by

the

current

prospectus

of

the

Dodge

&

Cox

Funds,

which

include

more

complete

information,

including

management

fees,

investment

policies,

risk

considerations,

and

expenses.

Foreign

investing,

especially

in

developing

countries,

has

special

risks

such

as

currency

and

market

volatility

and

political

and

social

instability.

These

and

other

risk

considerations

are

discussed

in

the

Fund’s

Prospectus.

Read

it

carefully

before

investing.

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Dodge & Cox Funds Client Service

Dodge & Cox

Telephone: 

415-274-9300

Facsimile: 

415-986-0270

Website:

www.dodgeandcox.com

Fund Client Service

Fund Materials

Rob Curran

Patricia Gribben

Tamara Gunawardana

Sandy He

Legal & Compliance

Mary Klabunde

Tom Mistele, COO & General Counsel

Tara Shamia

Roberta Kameda, Senior Counsel

Rick Marino

Glen Guymon, Associate Counsel

Kristen Harlow

Marcia Venegas, CCO

Katherine Primas, Assistant CCO

Boston Financial Data Services

Shareholder Services

Telephone: 

800-621-3979

Institutional Services

Telephone: 

800-631-1120

Mutual Fund Administration

•

Organization of tasks:

Dodge

&

Cox

–

Fund

Administrator

State

Street

–

Custodian

&

Fund

Accountant

Boston

Financial

Data

Services

–

Transfer

Agent

Clear

Sky

–

Blue

Sky

Administrator

PriceWaterhouseCoopers

–

Independent

Accountant

Dechert

–

Legal

Counsel

•

Oversight of daily NAV calculation and fund accounting

process

•

Financial reports and tax reporting

•

Compliance testing:

Investment Company Act

Internal Revenue Code

Prospectus

•

Insurance

April 2008 / 08-184

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Biographical Sketches

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

LILY

S.

BEISCHER

(G)

–

Vice

President.

Ms.

Beischer

received

her

B.A.

degree

(cum

laude)

from

Yale

University

in

1992

and

her

M.B.A.

and

J.D.

(cum

laude)

degrees

from Harvard in 1998.  Prior to graduate school, she worked for McKinsey & Company as a management consultant.  Ms. Beischer joined Dodge & Cox in 1998, left the

firm to work at Looksmart, Inc. in 1999, and then rejoined Dodge & Cox in 2001.  Ms. Beischer is a member of the American Bar Association and California Bar

Association (inactive), a shareholder of the firm, and a CFA charterholder.

JOHN

A.

GUNN

(I,IP,G)

–

Chairman

and

Chief

Executive

Officer.

Mr.

Gunn

graduated

from

Stanford

University

in

1966

and

received

his

M.B.A.

from

the

Stanford

Graduate School of Business in 1972.  He joined Dodge & Cox in 1972.  He is a Trustee of the Dodge & Cox Funds.  Mr. Gunn is a former member of the Board of

Governors of the CFA Institute.  He is a shareholder of the firm, a CFA charterholder, and a Chartered Investment Counselor.

CHARLES

F.

POHL

(I,IP,G,F)

–

Senior

Vice

President

and

Chief

Investment

Officer.

Mr.

Pohl

received

his

B.A.

degree

in

1980

and

his

M.B.A.

degree

in

1981

from

the

University of Chicago.  He was with Wells Fargo Investment Advisors from 1981 until joining Dodge & Cox in 1984.  He is a shareholder of the firm and a CFA

charterholder.

KAROL

MARCIN

(G)

–

Vice

President.

Mr.

Marcin

received

his

B.A.

from

Whitman

College

(summa

cum

laude)

in

1995

and

his

M.B.A.

from

the

Stanford

Graduate

School of Business in 2000.  Prior to entering graduate school, he worked for three years as a financial analyst with Salomon Brothers.  Mr. Marcin joined Dodge & Cox in

2000. Mr. Marcin is a CFA charterholder and a shareholder of the

firm.

DIANA

S.

STRANDBERG

(I,IP,G)

–

Senior

Vice

President.

Ms.

Strandberg

graduated

from

the

University

of

California,

Berkeley

in

1981

(Phi

Beta

Kappa)

and

received

her M.B.A. degree from the Harvard Business School in 1986.  After two years as a securities analyst at the First Boston Corporation, she joined Dodge & Cox in 1988. 

She is a shareholder of the firm and a CFA charterholder.

STEVEN

C.

VOORHIS

(I,G)

–

Vice

President.

Mr.

Voorhis

received

his

B.A.

and

M.A.

degrees

from

Stanford

University

in

1992

and

his

M.B.A

from

the

Harvard

Business School in 1996.  Prior to graduate school, he worked at

Goldman Sachs as a financial analyst.  He joined Dodge & Cox in

1996.  Mr. Voorhis is a shareholder of

the firm and a CFA charterholder.

Global Investment Policy Committee

I = Member of Investment Policy Committee; IP = Member of International Investment Policy Committee;  G = Global Investment Policy Committee;  F = Member of Fixed Income Investment Policy Committee

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Portfolio Managers, Investment Analysts and Client Service

ENGLEBERT

T.

BANGAYAN

–

Mr.

Bangayan

received

his

B.A.

degree

in

Applied

Mathematics

and

Economics

from

Harvard

College

in

1999.

Prior

to

joining

Dodge

&

Cox, he worked as an equity research associate at Epoch Partners.  Mr. Bangayan joined Dodge & Cox in 2002 as a research assistant and assumed equity research

responsibilities in 2006.  Mr. Bangayan is a CFA charterholder.

PHILIPPE

BARRET,

JR.

–

Mr.

Barret

received

his

BA

degree

(magna

cum

laude)

from

Washington

and

Lee

University

in

1998

and

his

M.B.A

degree

from

the

Stanford

Graduate School of Business in 2004.  Between degrees he worked as a private equity investor at American Securities Capital Partners, LLC and as a Mergers & Acquisitions

analyst at JP Morgan.

Mr. Barret joined Dodge & Cox in 2004.

LILY

S.

BEISCHER

(G)

–

Vice

President.

Ms.

Beischer

received

her

B.A.

degree

(cum

laude)

from

Yale

University

in

1992

and

her

M.B.A.

and

J.D.

(cum

laude)

degrees

from

Harvard in 1998.  Prior to graduate school, she worked for McKinsey & Company as a management consultant.  Ms. Beischer joined Dodge & Cox in 1998, left the firm to

work at Looksmart, Inc. in 1999, and then rejoined Dodge & Cox in 2001.  Ms. Beischer is a member of the American Bar Association and California Bar Association

(inactive), a shareholder of the firm, and a CFA charterholder.

WENDELL

W.

BIRKHOFER

(I)

–

Vice

President.

Mr.

Birkhofer

received

his

B.A.

degree

from

Stanford

University

in

1978

and

his

M.B.A.

from

the

Stanford

Graduate

School

of Business in 1987.  Prior to entering the M.B.A. program, he worked for six years with Wen Birkhofer & Co., an investment broker dealer firm in Los Angeles.  He joined

Dodge & Cox in 1987. Mr. Birkhofer is a member of the Board of Governors of the Investment Adviser Association. He is a shareholder of the firm, a CFA charterholder, and

a Chartered Investment Counselor.

JAMES

T.

BORDEN

–

Vice

President.

Mr.

Borden

received

his

B.A.

in

Business

Economics

from

the

University

of

California,

Santa

Barbara

in

1982.

Prior

to

joining

Dodge

& Cox in 2002, he spent fifteen years with a small investment counseling firm where he was President and a portfolio manager working primarily with high net worth clients.

Mr. Borden is a shareholder of the firm, a CFA charterholder, and a Chartered Investment Counselor.

ANTHONY

J.

BREKKE

–

Vice

President.

Mr.

Brekke

received

his

B.A.

degree

from

the

University

of

Iowa

in

1997

and

his

M.B.A.

degree

from

the

Haas

School

of

Business

at the University of California, Berkeley in 2003.  Prior to entering the Haas School, he worked for four years as an auditor with the National Futures Association.  He joined

Dodge & Cox in 2003.  Mr. Brekke

is a shareholder of the firm and a CFA charterholder.

RICHARD

T.

CALLISTER

–

Vice

President.

Mr.

Callister

received

his

B.S.

and

M.Acc.

degrees

in

Accountancy

and

Information

Systems

from

Brigham

Young

University

in

1996 (magna cum laude). Prior to receiving his M.B.A. from the Stanford Graduate School of Business in 2002, he worked as a systems consultant for Price Waterhouse and

as a financial analyst for Bel

Air Investment Advisors. Mr. Callister joined Dodge & Cox in 2002.  He is a shareholder of the firm and a CFA charterholder.

BRYAN

CAMERON

(I,IP)

–

Director

of

Research.

Mr.

Cameron

received

his

B.A.

degree

in

Economics

from

the

University

of

California,

Davis

in

1980

and

his

M.B.A.

from

the Stanford Graduate School of Business in 1983.  He worked for

Dodge & Cox for one year before entering the M.B.A. program and

rejoined the firm in 1983.  Mr. Cameron

is a shareholder of the firm and a CFA charterholder.

STEVEN

H.

CASSRIEL

–

Vice

President.

Mr.

Cassriel

received

his

B.S.

degree

from

Stanford

University

in

1983

and

his

M.B.A.

degree

from

the

Harvard

Business

School

in

1992.  Prior to graduate school, he worked for seven years at Xerox Corporation in product development, marketing, and sales.  He joined Dodge & Cox in 1992.  He is a

shareholder of the firm and a CFA charterholder.

LINDA

KANG

CHONG

–

Ms.

Chong

received

her

B.A.

degree

(summa

cum

laude)

from

Harvard

University

in

1995

and

her

J.D.

degree

from

Harvard

in

2000.

Prior

to

graduate school, she worked for McKinsey & Company as a management consultant.  Prior to joining Dodge & Cox in 2005, she worked

at Goldman Sachs as a Vice President

in the fixed income division.

Ms. Chong is a member of the American Bar Association and the New York Bar Association.  She is a CFA charterholder.

I = Member of Investment Policy Committee; IP = Member of International Investment Policy Committee;  G = Global Investment Policy Committee;  F = Member of Fixed Income Investment Policy Committee

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

JAMES

H.

DIGNAN

(F)

–

Vice

President.

Mr.

Dignan

graduated

from

Columbia

University

in

1991

with

an

A.B.

in

Philosophy

/

Economics.

He

received

an

M.A.

in

Economics from New York University in 1994 and his M.B.A. from Northwestern’s J.L. Kellogg Graduate School of Management in 1996.  Prior to joining Dodge & Cox

in 1999, he worked in portfolio management for Fannie Mae.  Mr. Dignan is a shareholder of the firm and a CFA charterholder.

MARIO

C.

DIPRISCO

(IP)

–

Vice

President.

Mr.

DiPrisco

received

his

B.S.

degree

from

the

School

of

Foreign

Service

at

Georgetown

University

in

1997.

Prior

to

joining

Dodge & Cox, he passed the State Department’s Foreign Service Written and Oral examinations and worked on a successful senatorial campaign.  Mr. DiPrisco joined

Dodge & Cox as a research assistant in 1998 and assumed international company research responsibilities in 2000.  Mr. DiPrisco is a shareholder of the firm and a CFA

charterholder.

KATHERINE

HERRICK

DRAKE

–

Vice

President.

Ms.

Drake

received

her

B.A.

degree

from

Pomona

College

in

1977

and

her

M.B.A.

from

the

Graduate

School

of

Management

at

U.C.L.A.

in

1981.

She

joined

Dodge

&

Cox

in

1981.

She

is

a

shareholder

of

the

firm,

a

CFA

charterholder,

and

a

Chartered

Investment

Counselor.

THOMAS

S.

DUGAN

(F)

–

Vice

President.

Mr.

Dugan

graduated

from

Brown

University

in

1987

with

a

B.A.

and

received

his

M.B.A.

from

the

University

of

California,

Berkeley in 1992.  Before graduate school, he worked as a fixed-income securities trader for J.P. Morgan Securities.  Prior to joining Dodge & Cox in 1993, he worked in

the Czech Republic as an advisor to a Czech investment fund.  Mr. Dugan is a shareholder of the firm and a CFA charterholder.

DAVID

J.

EDWARDS

–

Vice

President.

Mr.

Edwards

joined

Dodge

&

Cox

in

1996.

His

prior

experience

includes

two

years

as

a

marketing

Vice

President

with

Dreyfus

Retirement Services and ten years with The Northern Trust Company where he held various positions in Master Trust sales and operations.  He received his B.S. in

Business Administration and Personnel from Miami University in Oxford, Ohio in 1984.  He is a shareholder of the firm.

DANA

MORTON

EMERY

(F)

–

Executive

Vice

President

and

Manager

of

the

Fixed-Income

Department.

Ms.

Emery

received

her

B.A.

degree

from

Stanford

University

in

1983.  She joined Dodge & Cox in 1983.  Ms. Emery is a Trustee of the Dodge & Cox Funds.  She is a shareholder of the firm, a CFA charterholder, and a Chartered

Investment Counselor.

KARIM

FAKHRY

–

Mr.

Fakhry

received

his

B.A.

degree

in

Economics

from

Stanford

University

in

1998

(Phi

Beta

Kappa)

and

his

M.B.A.

degree

from

the

Harvard

Business School in 2005. Prior to graduate school, he worked at Morgan Stanley, Webvan

Group, and Fremont Partners. Mr. Fakhry joined Dodge & Cox in 2005.

KATIE

O.

FAST

–

Ms.

Fast

received

her

B.S.

in

Marketing

from

Boston

College

in

1995.

Prior

to

joining

Dodge

&

Cox

in

2003,

she

worked

at

Dresdner

RCM

as

a

member of the fixed income team and at Bloomberg L.P. doing client service.  Ms. Fast is a CFA charterholder.

YASHA

GOFMAN

(IP)

–

Vice

President.

Mr.

Gofman

received

his

B.S.

degree

from

Princeton

University

(Phi

Beta

Kappa)

in

1988

and

his

M.B.A.

from

the

Stanford

Graduate School of Business in 1994.  Prior to entering graduate

school, Mr. Gofman worked for Energy Management Associates, a division of EDS.  He also spent two

years as a management consultant with LEK Partnership.  Mr. Gofman joined Dodge & Cox in 1995.  He is a shareholder of the firm and a CFA charterholder.

STEVEN

T.

GORSKI

–

Vice

President.

Mr.

Gorski

received

his

B.A.

degree

with

honors

from

California

State

University,

Sacramento

in

1992.

He

joined

Dodge

&

Cox

in

1994.  Mr. Gorski is a shareholder of the firm.

JOHN

A.

GUNN

(I,IP,G)

–

Chairman

and

Chief

Executive

Officer.

Mr.

Gunn

graduated

from

Stanford

University

in

1966

and

received

his

M.B.A.

from

the

Stanford

Graduate School of Business in 1972.  He joined Dodge & Cox in 1972.  He is a Trustee of the Dodge & Cox Funds.  Mr. Gunn is a former member of the Board of

Governors of the CFA Institute.  He is a shareholder of the firm, a CFA charterholder, and a Chartered Investment Counselor.

DAVID

C.

HOEFT

(I)

–

Vice

President.

Mr.

Hoeft

received

his

B.A.

degree

from

the

University

of

Chicago

in

1989

(Phi

Beta

Kappa)

and

his

M.B.A.

from

the

Harvard

Business School in 1993.  Prior to entering graduate school, he worked for two years as a consultant to the energy industry.  He joined Dodge & Cox in 1993.  He is a

shareholder of the firm and a CFA charterholder.

Portfolio Managers, Investment Analysts and Client Service (cont.)

I = Member of Investment Policy Committee; IP = Member of International Investment Policy Committee;  G = Global Investment Policy Committee;  F = Member of Fixed Income Investment Policy Committee

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Portfolio Managers, Investment Analysts and Client Service (cont.)

KEIKO

HORKAN

(IP)

–

Vice

President.

Ms.

Horkan

received

her

B.A.

and

M.A.

degrees

in

law

from

Keio

University,

Tokyo

in

1993

and

1995

and

an

M.B.A.

from

the

Stanford Graduate School of Business in 2000.  Prior to entering

business school, she worked for Booz Allen & Hamilton as a management consultant.  Ms. Horkan joined

Dodge & Cox in 2000.  She is a shareholder of the firm and a CFA

charterholder.

JOHN

N.

IANNUCCILLO

–

Vice

President.

Mr.

Iannuccillo

received

his

B.A.

degree

from

Merrimack

College

in

1990

and

his

M.B.A.

degree

from

the

Harvard

Business

School in 1997.  Prior to entering graduate school, he worked as

a consultant with Arthur Andersen LLP and is licensed as a Certified Public Accountant.  He joined Dodge

& Cox in 1997. Mr. Iannuccillo is a shareholder of the firm and a CFA charterholder.

LUCINDA

I.

JOHNS

–

Ms.

Johns

received

her

B.A.

degree

from

Williams

College

in

1996

(magna

cum

laude)

and

her

M.B.A.

degree

from

the

UCLA

Anderson

School

of

Management in 2004.   Prior to graduate school, she worked for approximately two years each at Merrill Lynch as a financial analyst, Dodge & Cox as a research assistant,

and NBC Internet as a Senior Product Manager.  Ms. Johns rejoined Dodge & Cox in 2004 and is a CFA charterholder.

KEVIN

D.

JOHNSON

–

Vice

President.

Mr.

Johnson

received

his

B.A.

degree

from

Harvard

University

in

1984

and

his

M.B.A.

degree

from

the

Stanford

Graduate

School

of Business in 1989.  Prior to entering graduate school, he worked for three years as a securities analyst with Fred Alger Management.  He joined Dodge & Cox in 1989.  He

is a shareholder of the firm and a CFA charterholder.

NANCY

A.

KELLERMAN

–

Vice

President.

Ms.

Kellerman

received

her

B.S.

in

Business

Administration

from

the

University

of

New

Hampshire

in

1992.

Prior

to

joining

Dodge & Cox in 1996, she worked at State Street Bank and Trust Company in its Mutual Fund Services Division.  Ms. Kellerman

is a CFA charterholder and a shareholder

of the firm.

ROGER

G.

KUO

(IP)

–

Vice

President.

Mr.

Kuo

received

his

B.A.

degree

from

Harvard

College

(magna

cum

laude)

in

1993

and

his

M.B.A.

degree

in

1998

from

Harvard

University.  Prior to graduate school, he worked at Bear Stearns

as a financial analyst.  He joined Dodge & Cox in 1998.  Mr. Kuo is a shareholder of the firm and a CFA

charterholder.

PETER

C.

LAMBERT

(F)

–

Vice

President.

Mr.

Lambert

received

his

B.A.

from

the

University

of

California,

Santa

Cruz

in

1976

and

his

M.B.A.

from

the

Graduate

School

of Management at U.C.L.A. in 1985.  Mr. Lambert worked for Western Asset Management Co. for three years before joining Dodge & Cox in 1988.  He is a shareholder of

the firm, a CFA charterholder, and a Chartered Investment Counselor.

THINH

V.

LE

–

Vice

President.

Mr.

Le

received

his

B.A.

degree

in

Economics

from

Cornell

University

in

1997.

Prior

to

joining

Dodge

&

Cox

in

2000,

he

worked

at

Morgan Stanley in their Debt Capital Markets Services division.

Mr. Le is a shareholder of the firm.

KAROL

MARCIN

(G)

–

Vice

President.

Mr.

Marcin

received

his

B.A.

from

Whitman

College

(summa

cum

laude)

in

1995

and

his

M.B.A.

from

the

Stanford

Graduate

School of Business in 2000.  Prior to entering graduate school, he worked for three years as a financial analyst with Salomon Brothers.  Mr. Marcin joined Dodge & Cox in

2000. Mr. Marcin is a CFA charterholder and a shareholder of the

firm.

KATHLEEN

GREY

MCCARTHY

–

Ms.

McCarthy

received

her

B.A.

degree

in

Economics

from

Stanford

University

in

2001

and

her

M.B.A.

degree

from

the

Stanford

Graduate School of Business in 2007.  Prior to graduate school, she worked at Merrill Lynch and Palladium Equity Partners.  Ms. McCarthy joined Dodge & Cox in 2007.

RAYMOND

J.

MERTENS

JR.

–

Vice

President.

Mr.

Mertens

received

his

B.A.

from

Harvard

College

in

1994

and

his

M.B.A.

from

the

Harvard

Business

School

in

2003.  

Prior to graduate school, he worked at Idealab

and as an Associate at TA Associates, and as an Investment Banking analyst at Alex. Brown.  He joined Dodge & Cox in

2003.  Mr. Mertens

is a shareholder of the firm.

MARY

ANN

MILIAS

–

Vice

President.

Ms.

Milias

received

her

B.A.

from

Stanford

University

in

1967,

M.A.

degree

from

Columbia

University

in

1969,

and

her

M.B.A.

from the Harvard Business School in 1974.  Her experience includes 14 years at Miller Anderson & Sherrerd

as founder and manager of its San Francisco office and 13

years at Castle & Cooke, Inc., where she held various positions including Vice President and Treasurer.  She joined Dodge & Cox in 2001.  Ms. Milias is a shareholder of

the firm.

I = Member of Investment Policy Committee; IP = Member of International Investment Policy Committee;  G = Global Investment Policy Committee;  F = Member of Fixed Income Investment Policy Committee

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

JOEL-PATRICK

MILLSAP

–

Mr.

Millsap

received

his

B.A.

from

Texas

Christian

University

in

2001

(summa

cum

laude)

and

an

M.B.A.

from

the

University

of

Chicago

in

2006 (high honors).  Prior to graduate school, he worked as a Fixed Income Analyst at Barrow, Hanley, Mewhinney

& Strauss, an investment management firm in Dallas,

TX.   Mr. Millsap joined Dodge & Cox in 2006 and is a CFA charterholder.

SHIRLEE

R.

NEIL

–

Vice

President.

Ms.

Neil

received

her

B.A.

degree

from

the

University

of

Colorado,

Boulder

in

1988.

Prior

to

joining

Dodge

&

Cox

in

1992,

she

worked for Merrill Lynch in the Capital Markets division and Financial Center Bank.  Ms. Neil is a shareholder of the firm and a

CFA charterholder.

AMANDA

L.

NELSON

–

Vice

President.

Ms.

Nelson

received

her

B.A.

from

Columbia

University

in

1994

and

her

M.B.A.

from

The

Wharton

School,

University

of

Pennsylvania,

in

2000.

Prior

to

entering

graduate

school,

she

worked

for

Goldman

Sachs

for

four

years

as

a

financial

analyst

in

equity

research

and

asset

management.

Ms.

Nelson

joined

Dodge

&

Cox

in

2000

and

is

a

shareholder

of

the

firm.

RIA

T.

NICKENS

–

Ms.

Nickens

received

her

B.A.

degree

from

Cornell

University

in

1992.

Prior

to

joining

Dodge

&

Cox

in

2000,

Ms.

Nickens

was

a

Consultant

and Client

Liaison and then a Performance Analyst at Husic

Capital Management. 

STEPHANIE

DAVIS

NOTOWICH

–

Vice

President.

Ms.

Notowich

received

her

B.B.A.

degree

in

Economics

from

Pace

University

in

1988.

From

1988

to

1992,

she

worked

at

an

economic

analysis

firm

and

a

major

commodities

exchange

in

New

York

City.

Ms.

Notowich

worked

at

HSBC

Markets

for

four

years

prior

to

joining

Dodge

&

Cox

in

1995.

She

is

a

shareholder

of

the

firm

and

a

CFA

charterholder.

KENNETH

E.

OLIVIER

(I)

–

President.

Mr.

Olivier

graduated

from

Stanford

University

in

1974.

He

received

a

J.D.

degree

from

the

University

of

California,

Hastings

College of Law in 1977 and his M.B.A. from the Harvard Business School in 1979. He is a Trustee of the Dodge & Cox Funds.  Mr. Olivier is a past president of the CFA

Society of San Francisco, and a member of the American Bar Association and the California Bar Association (inactive).  He joined

Dodge & Cox in 1979 and is a shareholder

of the firm, a CFA charterholder, and a Chartered Investment Counselor.

E.

SAUL

PEÑA

–

Mr.

Peña

received

his

B.A.

degree

in

Economics

from

the

University

of

San

Francisco

in

2000

(cum

laude).

He

joined

Dodge

&

Cox

as

a

research assistant

in 2000 and assumed fixed income research responsibilities in 2004.

CHARLES

F.

POHL

(I,IP,G,F)

–

Senior

Vice

President

and

Chief

Investment

Officer.

Mr.

Pohl

received

his

B.A.

degree

in

1980

and

his

M.B.A.

degree

in

1981

from

the

University of Chicago.  He was with Wells Fargo Investment Advisors from 1981 until joining Dodge & Cox in 1984.  Mr. Pohl is a shareholder of the firm and a CFA

charterholder.

LYNN

ANDERSON

POOLE

–

Vice

President.

Ms.

Poole

received

her

B.A.

degree

from

Stanford

University

in

1982

and

her

M.B.A.

from

the

Graduate

School

of

Management at U.C.L.A. in 1987.  Prior to entering the M.B.A. program, she worked for three years for Sutro

& Co. in  San Francisco.  She joined Dodge & Cox in 1987. 

She is a shareholder of the firm, a CFA charterholder, and a Chartered Investment Counselor.

KENT

E.

RADSPINNER

(F)

–

Vice

President.

Mr.

Radspinner

received

his

B.S.

degree

from

the

University

of

Minnesota

in

1988

and

his

M.P.P.M.

from

the

Yale

School

of

Management in 1996.  Between degrees, he served in the U.S. Navy.  He joined Dodge & Cox in 1996.  Mr. Radspinner is a shareholder of the firm and a CFA charterholder.

NILS

M.

REUTER

–

Mr.

Reuter

received

his

B.A.

degree

from

Brown

University

in

Biology

and

Sociology

in

2003.

Mr.

Reuter

joined

Dodge

&

Cox

in

2003

and

is

a

CFA

charterholder.

LARISSA

K.

ROESCH

(F)

–

Vice

President.

Ms.

Roesch

received

her

A.B.

degree

in

music

and

mathematics

from

Dartmouth

College

in

1988

(cum

laude).

She

received her

M.B.A. from the Haas School of Business at the University of California, Berkeley in 1997.  Prior to graduate school, she worked

for seven years in the performing arts

industry.  She joined Dodge & Cox in 1997.  Ms. Roesch is a shareholder of the firm and a CFA charterholder.

Portfolio Managers, Investment Analysts and Client Service (cont.)

I = Member of Investment Policy Committee; IP = Member of International Investment Policy Committee;  G = Global Investment Policy Committee;  F = Member of Fixed Income Investment Policy Committee

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

ADAM

S.

RUBINSON

–

Vice

President.

Mr.

Rubinson

graduated

from

Columbia

College

in

1988

and

received

his

J.D.

degree

from

the

Stanford

Law

School

in

1991. 

From 1991 to 1997 he practiced corporate law at Sullivan & Cromwell.  Prior to joining Dodge & Cox in 2002, he worked in the fixed income and investment banking

divisions of Goldman  Sachs.  Mr. Rubinson is a shareholder of the firm and a CFA charterholder.

MATTHEW

J.

SCHMIDT

–

Mr.

Schmidt

received

his

B.A.

from

Georgetown

University

in

1996.

Prior

to

Dodge

&

Cox,

he

worked

in

a

private

equity

consulting

group

at

State Street Bank.  He also worked as an analyst for mPower

Advisors, LLC and a research assistant at Wentworth, Hauser & Violich.  He joined Dodge & Cox in 2003 and

is a CFA charterholder.

GREGORY

R.

SERRURIER

(I,IP)

–

Vice

President.

Mr.

Serrurier

received

his

B.S.

degree

in

1979

from

Oregon

State

University

and

his

M.B.A.

from

the

Stanford

Graduate School of Business in 1984.  He joined Dodge & Cox in 1984.  He is a shareholder of the firm, a CFA charterholder, and a Chartered Investment Counselor.

TARA

E.

SHAMIA

–

Ms.

Shamia

received

her

B.S.

degree

in

Finance

and

Human

Resource

Management

from

Syracuse

University

in

1998.

Prior

to

joining

Dodge

&

Cox

in 2001, Ms. Shamia was in the Client Service and Performance Attribution department of Seneca Capital Management.

PARITOSH

SOMANI

-

Mr.

Somani

received

his

B.S.

and

M.Eng.

degrees

in

Electrical

Engineering

and

Computer

Science

from

MIT

in

2001

and

his

M.B.A.

degree

from

the Stanford Graduate School of Business in 2007. Prior to graduate school, he worked as a private equity associate at Francisco

Partners and a corporate finance analyst at

Morgan Stanley.  Mr. Somani joined Dodge & Cox in 2007.

JAY

J.

STOCK

–

Mr.

Stock

received

his

B.S.

in

Electrical

Engineering

from

the

University

of

Arizona

in

1983

and

his

M.B.A.

from

the

University

of

Chicago

in

1992. 

Between degrees  he was an electronic design engineer for Ford Aerospace Corporation.  Prior to joining Dodge & Cox in 2002, he worked in fixed-income for BARRA, as

a fixed-income portfolio manager/trader for Mellon Capital, and as a managing director for Visible Markets.

DIANA

S.

STRANDBERG

(I,IP,G)

–

Senior

Vice

President.

Ms.

Strandberg

graduated

from

the

University

of

California,

Berkeley

in

1981

(Phi

Beta

Kappa)

and

received

her M.B.A. degree from the Harvard Business School in 1986.  After two years as a securities analyst at the First Boston Corporation, she joined Dodge & Cox in 1988. 

She is a shareholder of the firm and a CFA charterholder.

ROBERT

B.

THOMPSON

(F)

–

Vice

President.

Mr.

Thompson

received

his

A.B.

degree

from

Stanford

University

in

1971

and

his

M.B.A.

from

the

Stanford

Graduate

School of Business in 1977.  Between degrees, he served in the U.S. Navy.  From 1977 through 1992 he worked in the fixed income department of three major securities

firms and as a principal of a small investment management firm.

He joined Dodge & Cox in 1992.  He is a shareholder of the firm, a CFA charterholder, a Chartered

Investment Counselor, and a past president of the CFA Society of

San Francisco.

STEVEN

C.

VOORHIS

(I,G)

–

Vice

President.

Mr.

Voorhis

received

his

B.A.

and

M.A.

degrees

from

Stanford

University

in

1992

and

his

M.B.A

from

the

Harvard

Business School in 1996.  Prior to graduate school, he worked at

Goldman Sachs as a financial analyst.  He joined Dodge & Cox in

1996.  Mr. Voorhis is a shareholder of

the firm and a CFA charterholder.

ERIC

R.

WARNER

–

Mr.

Warner

received

his

B.S.

degree

from

the

University

of

Delaware

in

1984

and

his

M.B.A.

from

the

J.L.

Kellogg

Graduate

School

of

Management at Northwestern in 1990. Prior to graduate school, he

worked as a credit analyst for two Philadelphia banks.  After graduate school he worked for an

investment advisor in San Francisco and then founded Telegraph Hill Investment Counsel in 1997, managing the firm until he joined Dodge & Cox in 2005.  Mr. Warner is

a CFA charterholder and a Chartered Investment Counselor.

TAE

YAMAURA

–

Ms.

Yamaura

received

her

B.A.

degree

from

the

University

of

Tokyo

in

1995,

MA

from

the

University

of

Pennsylvania

in

2000

and

her

MBA

from

the

Wharton School, University of Pennsylvania in 2000.  Prior to joining Dodge & Cox in 2008, she worked for Booz Allen & Hamilton as a management consultant.

AYANO

YONEDA

–

Ms.

Yoneda

received

her

B.A.

degree

from

Keio

University

in

2002.

Prior

to

joining

Dodge

&

Cox

in

2004,

she

worked

at

Merrill

Lynch

Japan

Securities for three years in their Equity Research department.

Portfolio Managers, Investment Analysts and Client Service (cont.)

I = Member of Investment Policy Committee; IP = Member of International Investment Policy Committee;  G = Global Investment Policy Committee;  F = Member of Fixed Income Investment Policy Committee

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

MARIAN

ZISCHKE

BALDAUF

–

Administration.

Ms.

Baldauf

received

her

A.B.

from

Dartmouth

College

in

1984.

Prior

to

joining

Dodge

&

Cox

in

1986,

she

worked

for

The Northern Trust Company in Chicago.  She is a shareholder of the firm and a CFA charterholder.

DAMON

T.

BLECHEN

–

Equity

Trading.

Mr.

Blechen

received

his

B.A.

in

Economics

from

Dartmouth

College

in

1998.

Mr.

Blechen

joined

Dodge

&

Cox

in

2002.

His

previous experience includes four years with Goldman Sachs where

he worked as a clerk on the New York Stock Exchange and as a sales trader in the San Francisco office. 

He is a CFA

charterholder.

JANELLE

R.

BOLTZ

–

Client

Service

Associate.

Ms.

Boltz

received

her

B.S.

degree

from

the

University

of

California,

LosAngeles

in

1993.

Ms.

Boltz

joined

Dodge

&

Cox

in 2001.  Previously she was Assistant Vice President at Gruntal

& Co. Inc. in fixed income sales.  Ms. Boltz

is a shareholder of the firm.

JIM

BOWBLISS

–

Systems.

Mr.

Bowbliss

received

a

B.S.

in

Management

of

Information

Technology

from

the

University

of

Phoenix

in

1998.

He

joined

Dodge

&

Cox

in

2006 after serving as Applications Development Director of JP Morgan Private Client Services.  He has over 10 years experience in financial IT and has held senior

positions at Merrill Lynch and Bank One; he was president/founder of his own consulting company, The Bliss Group.

PREM

CERVENKA

–

Systems.

Mr.

Cervenka

received

his

degree

in

software

analysis

from

the

Prague

School

of

Economics

in

1965.

Prior

to

joining

Dodge

&

Cox

in

1993, he worked as an independent software consultant.  He is a shareholder of the firm.

DANIEL

F.

CHAPEY

–

Equity

Trading.

Mr.

Chapey

received

his

B.A.

from

Adelphi

University

in

Garden

City,

New

York,

graduating

magna

cum

laude

in

1992.

When

he

joined Dodge & Cox in 2004, he brought over 16 years of trading experience. 

MICHELE

L.

COBBLE

–

Equity

Trading.

Ms.

Cobble

received

her

B.A.

degree

in

Applied

Mathematics

from

the

University

of

California,

Berkeley

in

1985.

Ms.

Cobble

joined Dodge & Cox in 2002.  Her previous experience includes trading equities and bonds with Osterweis

Capital Management for 15 years, where she was an Assistant

Vice President and Head Trader. 

EMILIANO

ZAPATA

DAWKINS

–

Equity

Trading.

Mr.

Dawkins

received

his

B.A.

from

the

University

of

California,

Berkeley

in

1992.

Prior

to

joining

Dodge

&

Cox

in

2005, his 12 years of previous experience included working as a Vice President/Sales & Trading at WR Hambrecht and making markets in NASDAQ securities at Banc of

America Securities.

THOMAS

GIVAN

–

Systems.

-

Mr.

Givan

received

his

B.A.

from

Hampshire

College

in

1979.

Mr.

Givan

joined

Dodge

and

Cox

in

April,

2007.

He

has

held

senior

IT

positions at JP Morgan, Bank One, FolioFN, and Scudder-Kemper Investments. 

TAMARA

G.

GUNAWARDANA

–

Compliance

Analyst.

Ms.

Gunawardana

received

her

B.A.

from

California

State

University,

Sacramento

in

1999.

She

has

over

eight

years

experience in investment management compliance and has held positions at Highmark Capital Management, Wells Fargo Funds Management, E*Trade Financial, and was

the president/founder of her own consulting company, Concipio, Inc.  Ms. Gunawardana

joined Dodge & Cox in 2007.

GLEN

S.

GUYMON

-

Associate

Counsel.

Mr.

Guymon

received

his

B.A.

from

Stanford

University,

an

M.S.F.S.

from

Georgetown

University,

and

his

J.D.

from

the

University of Virginia School of Law. He joined Dodge & Cox in 2007. Mr. Guymon previously served as associate counsel for international affairs at the Investment

Company Institute and as an associate at WilmerHale.  Mr. Guymon is admitted to the Bar in California and the District of Columbia.

THOMAS

R.

HOFMANN,

JR.

–

Client

Service

Associate.

Mr.

Hofmann

received

his

B.A.

degree

from

the

University

of

Oregon

in

1966.

He

joined

Dodge

&

Cox

in

1997 after 29 years with the Wells Fargo Bank Private Banking/Trust Division.  Mr. Hofmann is a shareholder of the firm.

PATRICIA

A.

HUGHES

–

Operations/Administration.

Ms.

Hughes

received

her

M.S.

degree

from

Hofstra

University

in

New

York

in

1974.

Ms.

Hughes

joined

Dodge

&

Cox in 1987 after serving as Vice President and Manager of Client Services, Marketing and Compliance in the Business Trust Division at Wells Fargo Bank.  She was with

Wells Fargo for eight years.   She is a shareholder of the firm.

Administration & Trading

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Administration & Trading (cont.)

ROBERTA

R.

KAMEDA

–

Senior

Counsel.

Ms.

Kameda

received

her

B.A.

with

distinction

from

the

University

of

Hawaii

and

her

J.D.

from

Columbia

University

School

of

Law.  Prior to joining the firm, she was a senior lawyer at Franklin Templeton Investments, an associate at Debevoise

& Plimpton, and Special Counsel in the SEC's

Division of Investment Management.  She is a member of the Hawaii and District of Columbia Bar Associations.  Ms. Kameda joined Dodge & Cox in 2006.

RON

A.

KANTER

–

Systems.

Mr.

Kanter

received

his

B.S.

in

Artificial

Intelligence

from

the

University

of

California,

San

Diego

in

1985.

Prior

to

joining

Dodge

&

Cox

in

1998, Mr. Kanter

worked for nine years with Capital Management Sciences, where he was Vice President of the MIS and Technical Consulting departments.  Prior to that,

he was a research associate and programmer at the University of California, Los Angeles Medical Center.

JOE

KARDEK

–

Systems.

Mr.

Kardek

received

his

B.A.

(Honors)

from

New

Hampshire

College

in

1982.

He

joined

Dodge

&

Cox

in

April

of

2005

after

serving

as

CIO

for JP Morgan/Bank One's Private Client, Asset Management, and Brokerage areas. He has over 20 years experience and has held senior IT positions with Merrill Lynch,

Standish, Ayer and Wood, and Fidelity.  He is a shareholder of the firm.

LINDA

M.

KOCENIAK

–

Administration.

Ms.

Koceniak

received

her

BBA

in

Accounting

from

the

University

of

Massachusetts,

Amherst

in

1992.

She

joined

Dodge

&

Cox in 2000.  Her prior experience includes nearly three years with PricewaterhouseCoopers LLP and three years with State Street

Bank & Trust.  Ms. Koceniak

is a

Certified Public Accountant.

MARCUS

L.

KONG

–

Equity

Trading.

Mr.

Kong

received

his

B.A.

in

Economics

from

Purdue

University

in

1995.

Mr.

Kong

joined

Dodge

and

Cox

in

2006.

His

previous

experience includes trading equity at Banc of America Securities

for five years on their Nasdaq

trading desk and Prime Brokerage division.

WILLIS

J.

KOO

–

Administration.

Mr.

Koo

received

his

B.S.

in

Business

Administration

from

the

University

of

California,

Berkeley

in

1999.

Prior

to

joining

Dodge

&

Cox in 2006, he worked at Ernst & Young LLP and Olympus Capital,

a private equity fund company, and interned at Dodge & Cox in 1999.  Mr. Koo is a Certified Public

Accountant.

JANE

F.

LARROW

–

Client

Service

Associate.

Ms.

Larrow

received

her

B.S.B.A.

(magna

cum

laude)

from

Suffolk

University,

Massachusetts

in

1994.

She

joined

Dodge

& Cox in June 2001.  Her prior experience includes that of  Assistant Vice President in the Institutional Client Service Division at Putnam Investments for three years and

15  years with Keystone Investments.  Ms. Larrow

is a shareholder of the firm. 

NAOMI

R.

LEONARD

–

Client

Service

Associate.

Ms.

Leonard

received

her

B.A.

from

Emory

University

in

1997.

Prior

to

joining

Dodge

&

Cox

in

2002,

she

worked

in

the Consultant Relations Group at Sanford C. Bernstein & Co. in New York.

JOHN

M.

LOLL

–

Administration.

Mr.

Loll

received

his

B.A.

with

honors

from

the

University

of

Southern

California

in

1988.

Prior

to

joining

Dodge

&

Cox

in

1994,

he

was employed by Price Waterhouse, where he performed auditing and tax services in their Investment Company Group.  He is a shareholder of the firm and a Certified

Public Accountant. 

DAVID

H.

LONGHURST

–

Administration.

Mr.

Longhurst

received

his

B.S.

in

Accounting

(cum

laude)

from

Brigham

Young

University

in

1982.

Prior

to

joining

Dodge

& Cox in 2004, he served as Vice President and Treasurer of the Safeco Mutual Funds.  Prior to Safeco, he worked at Ernst & Young, serving investment company clients. 

Mr. Longhurst is a Certified Public Accountant.  He is a shareholder of the firm.

BRUCE

T.

MASATSUGU

–

Systems/Administration.

Mr.

Masatsugu

received

his

B.A.

degree

from

Marietta

College

in

Ohio

and

his

M.B.A.

from

the

University

of

Oregon in 1977.  He joined Dodge & Cox in 1989 from Wells Fargo Bank where he was Vice President and Manager of Planning and Analysis in the Asset Management

Division.  Mr. Masatsugu is a shareholder of the firm.

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Administration & Trading (cont.)

THOMAS

M.

MISTELE

–

Chief

Operating

Officer

and

General

Counsel.

Mr.

Mistele

received

his

B.S.

degree

from

the

University

of

Scranton,

M.Ed.

and

Ed.S.

degrees

from Kent State University, and J.D. degree from the Catholic University of America.  Prior to joining the firm, he was General Counsel of the U.S. Templeton Mutual

Funds and a senior executive officer of the Franklin/Templeton Group.  He is a member of the Board of Governors of the Investment Company Institute.  He is also a

member of the California Registered In-House Counsel and the Virginia Bar Associations.  Mr. Mistele

joined Dodge & Cox in 1996. He is a shareholder of the firm.

STEVEN

Z.

MO

–

Systems.

Mr.

Mo

is

a

Microsoft

Certified

Systems

Administrator

as

well

as

a

Microsoft

Certified

System

Engineer.

Prior

to

joining

Dodge

&

Cox

in

2005, he worked as an executive support specialist at Agilent Technology and desktop support specialist at Hewlett Packard headquarters.

JANET

R.

MONTOYA

–

Equity

Trading.

Ms.

Montoya

joined

Dodge

&

Cox

in

1987

after

having

spent

the

previous

two

years

as

Vice

President

of

Operations

for

an

investment management firm in Boston.  Her investment experience

also includes seven years in portfolio administration.  She is a shareholder of the firm.

SUDHA

A.

MURTHY

–

Systems.

Dr.

Murthy

received

her

Ph.D

in

Atomic

Physics

and

M.S

in

Physics

from

the

University

of

Massachusetts,

Amherst,

MA.

She

has

worked as a senior software engineer in several Bay Area software firms including Solomon Software, GreatPlains, ProBusiness, and MobileFrame.  She joined Dodge &

Cox in 2004.

STEPHEN

J.

NODEN

–

Equity

Trading.

Prior

to

joining

Dodge

&

Cox

in

2005,

Mr.

Noden

spent

over

20

years

trading

in

equities

around

the

world.

He

has

been

a

market

maker in International equities and ADRs

at Dresdner Kleinwort Benson in both New York & London before becoming Vice President in equities at JP Morgan. More

recently he has worked as an international trader at Cantor Fitzgerald and TD Waterhouse.

MEGAN

A

O'KEEFFE

–

Compliance

Analyst.

Ms.

O'Keeffe

received

her

B.A.

degree

from

the

University

of

California,

Berkeley

in

2003.

Prior

to

joining

the

firm,

she

worked as a finance assistant at ServiceSource

International.  Ms. O’Keeffe joined Dodge & Cox in 2005.

KATHERINE

M.

PRIMAS

–

Compliance

Manager.

Ms.

Primas

received

her

B.S.

in

Business

Administration

from

the

University

of

San

Francisco

and

her

M.B.A.

from

Notre Dame de Namur University.  Prior to joining Dodge & Cox, she was a Director in Internal Audit with the Charles Schwab Corporation and a Compliance Manager

with Franklin Templeton Investments.  Ms. Primas

is a Certified Internal Auditor.  She joined Dodge & Cox in 2004.

TIMOTHY

D.

ROBISON

–

Systems.

Mr.

Robison’s

prior

work

experience

includes

six

years

with

Morgan

Stanley’s

operations

department

in

San

Francisco.

He

served

four

years as a member of the US Naval Submarine Force.  Mr. Robison joined Dodge & Cox in 1997.

MURRAY

J.

ROLFE

–

Performance/Operations.

Mr.

Rolfe

received

his

B.S.

degree

in

Econometrics

and

Finance

from

the

University

of

New

South

Wales

in

1992.

Prior

to

Dodge & Cox, his ten years of investment experience includes analytical positions held with Pictet

Asset Management (London), Lend Lease Corporation, and

Commonwealth Investment Management (Australia). Mr. Rolfe joined

Dodge & Cox in 2002 and is a CFA charterholder and is GIPS certified.

SAVVY

S.

SOUN

–

Head

of

Equity

Trading.

Mr.

Soun

received

his

B.S.

degree

in

Industrial

Engineering

and

Operations

Research

from

Columbia

University

in

1995

and

his M.B.A. from the Haas School of Business at University of California, Berkeley in 2007.  He joined Dodge & Cox in 2001.  His previous experience includes four years

with the NASDAQ trading desk of Banc of America Securities. Mr. Soun

is a shareholder of the firm.

KRISTIN

A.

STANS

–

Equity

Trading.

Ms.

Stans

received

her

B.S.

degree

in

Kinesiology

from

San

Francisco

State

University

in

1996.

She

joined

Dodge

&

Cox

in

2002. 

Ms. Stans

previous experience includes two years on the trading desk at Elijah Asset Management. 

VIVIAN

THORPE

–

Client

Service

Associate.

Prior

to

joining

Dodge

&

Cox

in

1992,

Ms.

Thorpe

was

employed

by

Bank

of

America

for

eight

years

where

her

responsibilities included budget and compliance analysis in the Stock Transfer and Corporate Trust Departments.  Ms. Thorpe is a

shareholder of the firm.

CHRISTINA

A.

TUNG

–

Client

Service

Associate.

Ms

Tung

received

her

B.S.

degree

from

San

Francisco

State

University

in

1974.

She

joined

Dodge

&

Cox

in

1992. 

Previously, she was a Vice President in the Private Banking Division at Wells Fargo Bank.  During her 18 years with Wells Fargo,

she worked in the Commercial Banking,

Trust, Probate, and Custody Departments.  She is a shareholder of the firm.

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Administration & Trading (cont.)

MARCIA

P.

VENEGAS

–

Chief

Compliance

Officer

(CCO)

and

Chief

Compliance

Officer

of

the

Dodge

&

Cox

Funds.

Ms.

Venegas

received

her

B.A.

degree

from

Wollongong University (Australia) in 1991. Prior to joining the firm, she was Business Risk Manager with Deutsche Asset Management Australia Limited and Senior

Corporate Auditor with Citibank Limited (Australia). She joined Dodge & Cox in 2003.

Ms. Venegas

is a Certified Regulatory and Compliance Professional (CRCP).

BETTY

L.

WANG

–

Client

Service

Associate.

Ms.

Wang

received

her

B.S.

degree

in

Finance

from

the

University

of

Illinois

at

Urbana-Champaign

in

1998.

Prior

to

joining Dodge & Cox in 2001, she worked in client servicing at Northern Trust Global Investments in Chicago.  Ms. Wang is a shareholder of the firm.

ADRIENNE

M.

WHEELER

–

Administration.

Ms.

Wheeler

received

her

B.A.

from

Kent

State

University

in

1992.

Prior

to

joining

Dodge

&

Cox

in

2001,

Ms.

Wheeler

worked as an Associate Portfolio Manager for Harris Bretall

Sullivan & Smith.  Her previous experience includes four years as a Senior Associate account administrator in

the Private Investment Counsel division of Scudder Stevens & Clark.  Her investment experience also includes an additional three

years of portfolio administration in

Cleveland, Ohio. 

SUZANNE

E.

WIELAND

–

Client

Service

Associate.

Ms.

Wieland

received

her

B.S.

degree

from

the

University

of

San

Francisco

in

1988.

She

joined

Dodge

&

Cox

in

1997 after having spent eight years with Morgan Stanley’s fixed income division, where her concentration was in the area

of mortgage-backed securities.  She is a

shareholder of the firm.

DOROTHY

M.

WISMAR

–

Client

Service

Associate.

Ms.

Wismar

received

her

B.A.

degree

in

Economics,

International

Area

Studies

from

the

University

of

California,

Los

Angeles (Phi Beta Kappa) in 1995.  Ms. Wismar joined Dodge & Cox

in 2005.  Her previous experience includes equity research sales at Goldman Sachs.

JEFFREY

P.

ZENDER

–

Systems.

Mr.

Zender

received

his

B.S.

degree

in

Psychology

from

Pomona

College

in

1983.

Prior

to

joining

Dodge

&

Cox

in

2001,

Mr.

Zender

worked for ten years as an independent IT consultant in the Financial and Television industries.  Before starting his business in 1990, he worked five years as a Network

Systems Engineer for a large computer retailer. 

08-205 Dodge & Cox  /  Investment Managers  /  San Francisco

Mutual Fund Client Service/Administration

ROBERT

CURRAN

–

Mr.

Curran

received

his

B.A.

from

California

State

University,

Sacramento

in

1996

and

his

M.B.A.

with

a

concentration

in

Management

and

Leadership from the University of La Verne in 2004.  Prior to joining Dodge & Cox in 2007, he was a Vice President and Senior Manager of WM Shareholder Services for 

the WM Group of Funds and was employed with Franklin Templeton Investments.

SANDY

A.

HE

–

Ms.

He

received

her

B.A.

from

the

University

of

California,

Berkeley

in

2002.

Prior

to

joining

Dodge

&

Cox

in

2005,

she

was

a

Client

Services

Associate

at Fisher Investments.

PATRICIA

L.

GRIBBEN

–

Ms.

Gribben

received

her

B.S.

degree

from

the

University

of

Kansas

in

1971.

She

joined

Dodge

&

Cox

in

1998.

Her

prior

experience

includes

15 years in the Business Trust and Retirement Programs Divisions

of Wells Fargo Bank and four years with the Investment Management Division of Union Bank of

California. 

KRISTEN

M.

HARLOW

–

Ms.

Harlow

received

her

B.A.

from

Hobart

and

William

Smith

Colleges

in

1996

and

M.B.A.

with

an

emphasis

in

Finance

from

the

University

of

San Francisco in 2003 (Beta Gamma Sigma). Prior to joining Dodge

& Cox in 2004, Ms. Harlow's previous experience includes five years in marketing.

MARY

E.

KLABUNDE

–

Ms.

Klabunde

joined

Dodge

&

Cox

in

1998.

Previously,

she

was

a

Vice

President

with

the

Mutual

Fund

Services

Division

of

Firstar

Trust

Company in Milwaukee.  Her 13 years of mutual fund service experience with Firstar included client services, custody, and administration.  She is a shareholder of the

firm.

RICK

M.

MARINO

–

Mr.

Marino

received

his

B.A.

from

the

University

of

Virginia

in

1993.

His

ten

years

of

mutual

fund

operations

experience

includes

positions

held

with

Banc of America Securities LLC, The Calvert Group, and Scott & Stringfellow, Inc.  Mr. Marino joined Dodge & Cox in 2003.