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Dodge & Cox Balanced Fund (DODBX) proxy voting record 2026
Three of its ballots from this season. Vote first, then see what it did with the shares your savings paid for.
The question on the ballot
As filed
Dodge & Cox Funds files this fund's proxy votes with the SEC once a year. This is what it did with the shares your retirement savings paid for.
SourceProxy-voting record filed by Dodge & Cox Funds on 2026-08-24 · open the filing · vote table (ProxyVotingTable.xml, 7.3 MB)
TickersDODBX (Class I), DOXBX (Class X) · share classes of one fund, with one proxy-voting record · as listed in its latest SEC filing of proxy votes
How it voted, by issue
Fund companies sometimes file the same proposal under different subjects. So that funds can be compared, each proposal is counted under the subject most of the filings we read gave it, the same for every fund on this site. Counted by this fund’s own filing alone, 1 of its 68 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 93.4% of the time across 61 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 14 | 0 | 0% |
| Workers & human rights | 5 | 0 | 0% |
| Pay equity & inclusion | 1 | 0 | 0% |
| Executive pay | 5 | 2 | 40% |
| Corporate governance | 22 | 9 | 40.9% |
| Other social issues | 20 | 0 | 0% |
Ballots it voted
Wells Fargo & Co. · 28 April 2026 · put on the ballot by shareholder · Climate & environment
Should Wells Fargo disclose what it finances, not just what it emits?
Shareholders asked the company to disclose the emissions attached to its lending, underwriting or energy mix — the ratio of clean to fossil financing, or an assessment of its clients’ own transition plans — rather than reporting only the emissions of its own offices.
AGAINST Dodge & Cox Balanced Fund voted with 1,427,642 shares
“Shareholder Proposal - Energy Supply Ratio.”
SourceDodge & Cox Funds, Form N-PX filed 2026-08-24 · accession 0001193125-26-362804 · series S000011204 · open the filing
Wells Fargo & Co. · 28 April 2026 · put on the ballot by shareholder · Climate & environment
Report on High-Carbon Financing Litigation Risks.
AGAINST Dodge & Cox Balanced Fund voted with 1,427,642 shares
“Shareholder Proposal - Report on High-Carbon Financing Litigation Risks.”
SourceDodge & Cox Funds, Form N-PX filed 2026-08-24 · accession 0001193125-26-362804 · series S000011204 · open the filing
Microsoft Corp. · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST Dodge & Cox Balanced Fund voted with 325,800 shares
“Report on Data Operations in Human Rights Hotspots”
SourceDodge & Cox Funds, Form N-PX filed 2026-08-24 · accession 0001193125-26-362804 · series S000011204 · open the filing
Microsoft Corp. · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST Dodge & Cox Balanced Fund voted with 325,800 shares
“Report on Human Rights Due Diligence”
SourceDodge & Cox Funds, Form N-PX filed 2026-08-24 · accession 0001193125-26-362804 · series S000011204 · open the filing
Adobe, Inc. · 15 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Adobe disclose, or change, who sits on its board?
Shareholders asked the company to publish a board skills-and-diversity matrix, or to commit to a minimum representation of women among its directors.
AGAINST Dodge & Cox Balanced Fund voted with 133,500 shares
“Stockholder Proposal Regarding Board Matrix.”
SourceDodge & Cox Funds, Form N-PX filed 2026-08-24 · accession 0001193125-26-362804 · series S000011204 · open the filing
Humana, Inc. · 16 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Humana pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
FOR Dodge & Cox Balanced Fund voted with 613,400 shares
“The stockholder proposal requesting shareholder approval requirement for excessive golden parachutes, if properly presented at the meeting.”
SourceDodge & Cox Funds, Form N-PX filed 2026-08-24 · accession 0001193125-26-362804 · series S000011204 · open the filing
Capital One Financial Corp. · 8 May 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Capital One Financial pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
AGAINST Dodge & Cox Balanced Fund voted with 410,426 shares
“Stockholder proposal to require a shareholder vote on golden parachute arrangements.”
SourceDodge & Cox Funds, Form N-PX filed 2026-08-24 · accession 0001193125-26-362804 · series S000011204 · open the filing
Comcast Corp. · 10 June 2026 · put on the ballot by shareholder
Should the person who runs Comcast also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
AGAINST Dodge & Cox Balanced Fund voted with 4,982,748 shares
“Adopt policy to have an independent chair”
SourceDodge & Cox Funds, Form N-PX filed 2026-08-24 · accession 0001193125-26-362804 · series S000011204 · open the filing
Other funds Dodge & Cox Funds votes
The same filer reports these alongside this one, in the same annual filing.
No 401(k) plan we index offers this fund. Its record is here because the fund files it with the SEC, as every fund must: whoever holds it, in an IRA, a brokerage account or a plan we have not indexed, the fund votes those shares as shown on this page.