Dodge & Cox Emerging Markets Stock Fund is an actively managed mutual fund focused on pursuing long-term growth of principal and income. Its primary function is to provide investors with diversified exposure to equity securities across emerging and frontier markets. The fund invests in companies of all sizes, selecting individual securities based on in-depth fundamental analysis that evaluates financial strength, economic conditions, business competitiveness, management quality, and environmental, social, and governance (ESG) factors, all weighed against current valuations. It maintains a diversified portfolio that spans multiple sectors and geographies, with holdings from at least three different countries at all times. As of its latest data, the fund consists of hundreds of holdings, with significant allocations to industries such as technology, financial services, consumer cyclical, and basic materials. Annual distributions of dividends and capital gains occur each December. The fund is overseen by a seasoned investment committee that emphasizes a team-based approach to strategic decision-making and risk management, aiming to capitalize on undervalued opportunities within the dynamic landscape of emerging markets.