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So I was looking at Dodge and Cox funds the other day on morningstar. It looks like they now have "X" funds that have lower expenses, like DOXGX. Anyone know how to get a purchase these? Thanks!
From the Dodge and Cox website: "Class X shares are now available to eligible defined contribution plans. The current shares held by shareholders will be renamed Class I shares, which are open to all investors."
"Most recently, Dodge & Cox moved to keep its funds attractive from a pricing standpoint. It has long targeted cheapest-quartile expense ratios for its single, no-commission share class - a boon for retail investors. Over time, however, the fee structure became tough to swallow for defined-contribution retirement plans. Dodge & Cox had paid fees for defined-contribution plan recordkeeping, and those plans had to report such payments to clients. Dodge & Cox removed this administrative hassle by creating a so-called 'clean' share class that avoids such arrangements.The new X share class will debut in May 2022 on all but the emerging-markets fund. Designed specifically for defined-contribution plans, it will have an even lower management fee than the legacy shares (which will be called I shares)." Link
The X shares are available exclusively via eligible defined contribution plans. Go to the Dodge & Cox "funds at a glance"web page and click on the drop-down arrow for share classes. The following info is listed for X shares: Class X (Defined Contribution Plans Only). My 401(k) plan replaced DODIX with DOXIX on July 1.
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Dodge and Cox
It has long targeted cheapest-quartile expense ratios for its single, no-commission share class - a boon for retail investors. Over time, however, the fee structure became tough to swallow for defined-contribution retirement plans. Dodge & Cox had paid fees for defined-contribution plan recordkeeping, and those plans had to report such payments to clients. Dodge & Cox removed this administrative hassle by creating a so-called 'clean' share class that avoids such arrangements.The new X share class will debut in May 2022 on all but the emerging-markets fund. Designed specifically for defined-contribution plans, it will have an even lower management fee than the legacy shares (which will be called I shares)."
Link
Go to the Dodge & Cox "funds at a glance" web page and click on the drop-down arrow for share classes.
The following info is listed for X shares: Class X (Defined Contribution Plans Only).
My 401(k) plan replaced DODIX with DOXIX on July 1.