{"id":15627,"date":"2026-01-25T18:45:54","date_gmt":"2026-01-25T18:45:54","guid":{"rendered":"https:\/\/microvibenews.com\/?p=15627"},"modified":"2026-01-25T18:45:54","modified_gmt":"2026-01-25T18:45:54","slug":"dodge-cox-balanced-fund-q4-2025-shareholder-letter","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=15627","title":{"rendered":"Dodge &#038; Cox Balanced Fund Q4 2025 Shareholder Letter"},"content":{"rendered":"<p><\/p>\n<div data-test-id=\"content-container\">\n<p data-eci=\"true\">\n<figure class=\"getty-figure\" data-type=\"getty-image\"><picture> <img alt=\"Green And Black Ceramic Piggy Banks On A Seesaw Before Defocused Wooden Background\" data-id=\"2187753214\" data-type=\"getty-image\" width=\"1536\" height=\"864\" srcset=\"https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/2187753214\/image_2187753214.jpg?io=getty-c-w1536 1536w, https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/2187753214\/image_2187753214.jpg?io=getty-c-w1280 1280w, https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/2187753214\/image_2187753214.jpg?io=getty-c-w1080 1080w, https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/2187753214\/image_2187753214.jpg?io=getty-c-w750 750w, https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/2187753214\/image_2187753214.jpg?io=getty-c-w640 640w, https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/2187753214\/image_2187753214.jpg?io=getty-c-w480 480w, https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/2187753214\/image_2187753214.jpg?io=getty-c-w320 320w, https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/2187753214\/image_2187753214.jpg?io=getty-c-w240 240w\" sizes=\"(max-width: 767px) calc(100vw - 36px), (max-width: 1023px) calc(100vw - 132px), (max-width: 1199px) calc(100vw - 666px), (max-width: 1307px) calc(100vw - 708px), 600px\" fetchpriority=\"high\"\/> <\/picture><figcaption>\n<p class=\"item-credits\">mustafaU\/iStock via Getty Images<\/p>\n<\/figcaption><\/figure>\n<\/p>\n<h2>Market Commentary<\/h2>\n<p>Financial markets delivered another strong year in 2025, though not without turbulence from tariff uncertainty, a record 43-day government shutdown, and a cooling labor market. The S&amp;P 500 Index rose 18%, notching its third consecutive year of double-digit<\/p>\n<\/div>\n<p>#Dodge #Cox #Balanced #Fund #Shareholder #Letter<\/p>\n","protected":false},"excerpt":{"rendered":"<p>mustafaU\/iStock via Getty Imag&hellip; <\/p>\n","protected":false},"author":1,"featured_media":15628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[1486,10416,149,137,584,7626],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/15627"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15627"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/15627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/15628"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}