Dodge & Cox Income Fund
Contrary to popular belief, stock-fund managers aren't the only ones who engage in wild trading. Intermediate-term bond funds have an average turnover ratio of 194%, meaning their entire portfolios change almost twice a year. In contrast, the $9.8 billion Dodge & Cox Income Fund, a repeat winner of the Standard & Poor's/BusinessWeek Excellence in Fund Management award, has just a 24% ratio.
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