Based on Fidelity's fund screening tools, DODBX 3 year Sharpe ratio is .32 as of 2/29/2020, which was one of the lowest among the balanced funds I reviewed. VWELX PRWCX JABAX RPBAX BALFX MAPOX FOBAX all outperformed DODBX. OAKBX and FPACX were 2 funds that underperformed DODBX. Fidelity funds used 3/31/2020 to calculate their data so they were excluded.

Quite surprising given that two of the three managers also manage MCSMX, whose performance has not been sterling. The fund hasn’t been in its category top quartile since 2014.

Typo there, with the ticker?

1) yes, but did you try going to the Discussions Home from this discussion *not* via the arrow, but via clicking on the word "Discussions"? That is what got rid of the Yellow New for me.
2) BUT— the problem isn't solved. In the time between making my first post and making this one, three other posts were made here. This one is the fourth. And yet on the Discussions Home Page this discussion had a grey background and no indication that new contributions had been made to this discussion. In this case yellow and "new" would have been appropriate but it did not appear. So *something* is malfunctioning.

Quite surprising given that two of the three managers also manage MSMLX, whose performance has not been sterling. The fund hasn’t been in its category top quartile since 2014.

VTV is not SP500 value, right? That would be VOOV.
3/4 as many stocks.
And if you write and edit fund prospectuses, you recognize that the D&C language nuance / emphasis are subtly more different from than similar to the TRP language.

My main point, for years now, that many put D&C on a pedestal because their team management style, LT investing history, lower rates which I know all about but the numbers don't back it up and then I hear the excuses.
Any fund can make up a more complicated strategy and claim...well, it's not really the same so you can't compare it.
LC US stocks is the main category investors use and if a fund can't perform better for 1-3-5-10-15 years than the SP500 + its volatility is higher than the SP500 there are no buts or ifs. We are talking short-term + long-term
See 15 years of risk/reward(link).
As of 3/31/2020
15 years aver annual performance...VFIAX=7.39...DODGX 5.45%
15 years SD=volatility......................VFIAX=14.3...DODGX 17.1
Below is the more current results as of 04/03/2020

@OJ - I am using Mac OS High Sierra v.10.13.6 on a 2011 MacBook Pro. My continuing details relate just to this post on the discussion page.
@Ben - Yes, I am referring to the "Discussions Home Page" and not the MFO Home Page.
1. I logged into the Discussions Home Page. This Discussion post was shown with the light gray background (I agree its quite faint) because I had read Catch22's post earlier. There was also the wording [ 2 New ] enclosed in a yellow shape. This indicated that OJ and Ben had responded.
2. I clicked on the post which opened up in a new page. I read OJ and Ben's contributions and used the left-pointing arrow to go back to the Discussions home page. In the past the yellow shape and enclosed wording would have been gone but now it's still there.
3. I clicked on the post again and added my "test" response.
4. I used the left-pointing arrow to go back to the Discussions home page. Again the yellow shape and enclosed wording should have been gone but it's still there.
5. I used the left-pointing arrow to go back to the Discussions home page. I then reloaded the Discussion page using the Safari reload symbol. Only now is the yellow shape gone. In the past it would have been gone as soon as I had read the new additions and returned to the Discussion home page using the left-pointing arrow.
Hope that makes sense. I checked my Safari settings and Preferences and nothing has been added or changed since the beginning.

I'm reading, learning with interest on this thread. Way back in 2010, I agreed t babysit my colleague's money. I put him into PRWCX, which I own, too. I put his wife in DODBX. (And DODIX, too.) I just read the Morningstar update on DODBX. Morningstar is not "gospel-truth," but they have, I notice, reduced the DODBX rating down to 3 stars (from 5, then 4 some time ago) but they continue to rate it "GOLD." And not every fund even gets one of those "metal-medals:" bronze, silver, gold. THEY are not too worried.
Over the past 10 years, "risk" is rated HIGH, but that's compared to other funds in a not-so-risky category, yes? Over the same 10-year period, "Returns' are rated Above-Average. I must say, I don't like that recipe: high risk but (only) above-average profit. But it's not a deal-breaker. So, over that long-haul period of 10-years, it's performing better than the avaerage in its category. I take solace in that, at least.

In the past when I logged into the Discussion Home Page all the new or unread posts were shown with a white background and the word 'New' was highlighted in yellow.
• OK, that's the same
Posts which I had read at some point but had since been updated with additional comments also contained the yellow highlighted word 'New' on a grayish background.
• This is slightly different than you are describing. The yellow highlighted word 'New' does not have a "grayish background"... just yellow, with the number of new posts preceding the word "new". (eg: "3 new")
Once I had read either "one" of these new or updated posts and returned to the discussion home page the screen refreshed itself to show the yellow highlighting gone and the gray background on read posts. It showed me posts I had read in other words.
• OK, I see what you mean here. We have two Mini's, and I have MFO up on one using Firefox, and on the other using Safari.
- With Safari the "grey background on read posts" is so faint as to be useless.
- With Firefox it's still pretty faint, but visible.
However, only the posts which I've read have no little yellow tag with "new" or "3 new", so that's an easy way to sort the already read posts out from the newer ones.
Are you opening posts in a new browser tab, or are you simply clicking on the post that you want to read, and transferring to that page within MFO?
If you open a new browser tab, the original MFO home page won't update automatically, and you would have to refresh it to update. If you stay within the MFO tab to read the post, when you return to the home page it should automatically refresh and update.
It's still not exactly like your setup, as the Mini's are using OS 10.11.6 (El Capitan), and Safari version 9.1.2, which is at least four years old. Your OS, for sure, and Safari, most likely, are much newer versions, but I hope that this helps somewhat.
OJ

Nuance? GARP and value investing are more than subtly different.
M* offers FCNTX and ANEFX as prominent examples of GARP funds. Investopedia says that "GARP investing was popularized by legendary Fidelity manager Peter Lynch." That would be the manager of the legendary "value" fund Magellan (FMAGX).
I guess what really matters is what TRP says about PRWCX's actual portfolio. In its latest (June 2019) semiannual report, TRP writes:

Over the long term, we are extremely confident in the quality of companies in which we have chosen to invest. These are mostly GARP (growth at a reasonable price) stocks with excellent management teams that use capital allocation to create sustainable long-term value for shareholders.

FD1000, Thank you for the very insightful opinions and thoughts!
I believe your pyramid up approach is the way to go and yes I am looking for more ballast then return at this point.
I’m not sure what kind of return we’re going to get from bonds going forward in this low rate environment.
Do you have any thoughts on current and future rates?

Dodge & Cox was founded in 1930. The company has introduced only six mutual funds since then. The firm's analysts and managers tend to stay at the company for a very long time. Dodge & Cox funds are team-managed and they have below-average expense ratios. There is a lot to admire about the firm's philosophy and operations. As others have mentioned, value has generally been out of favor for many years. I agree with Mark that it is inappropriate to compare Dodge & Cox funds to growth funds from other shops.

1) Is the SP500 a growth fund?
2) DODGX hold Google and MSFT in their top 10, are these not growth?
3) How can you explain DODGX falling behind VTV(value ETF) for 1-3-5-10-15 years. But wait, VTV also have lower volatility(=SD) and better Sharpe. See 16 years results (link)
4) VOO (SP500) expense = 0.03% and VTV = 0.04% are definitely cheaper than DODGX = 0.52%

@mcmarasco
The problem right now is that we are at a certain bottom but it can get worse or better which is difficult to predict. VCFAX has at least 40% in investment-grade securitized bond but 22% in the lowest level = BBB which isn't good because these have a good chance to be downgraded. So let's call it 22% in IG which isn't enough.
On the other hand. VCFAX price/trend has improved and YTD lost close to 15%.
The above isn't a good choice either way. My rule of thumb says that I sell any bond fund I have if it lost 3+% no matter what. I usually don't hold HY or EM(emerging market) bond fund
================
BAGIX - Baird is a good shop. If I DCA I use what is called pyramid up. I never buy on the way down only up but watch the chart when you buy bond funds because prices don't change much. What does it mean pyramid up? suppose you want to DCA 4 times. You buy your first bucket, the second bucket should be above the first, the third above the second.

But, these IG funds have another problem. They might be OK but their potential LT annual return will be around 2.5-3%. If you hold them as a ballast then you are OK but if you hold them for higher performance you will not get much.
================
JMUTX is your typical Multi sector fund. It's similar to VCFAX bond rating but more diversified with MBS + Corp. All/Most of the Multi funds have the same problem I described for VCFAX.

Dodge & Cox was founded in 1930. The company has introduced only six mutual funds since then. The firm's analysts and managers tend to stay at the company for a very long time. Dodge & Cox funds are team-managed and they have below-average expense ratios. There is a lot to admire about the firm's philosophy and operations. As others have mentioned, value has generally been out of favor for many years. I agree with Mark that it is inappropriate to compare Dodge & Cox funds to growth funds from other shops.

Thank you @bee. some takeaways from this one:
Appropriate to sell stock here.
Riskiest market since the late 20's.
Long term different for everyone than 2008 (obvious 12 years later).
Interest rates have been low because the economy is slow.
Corporate debt on the verge of becoming junk debt and the banks owns that debt.
Raise cash
there are shallow and steep recessions, this one is going to be terrible.
cash #1 investment.

Also discussed here,
https://mutualfundobserver.com/discuss/discussion/comment/122207#Comment_122207

More observations:
1. For 5 years DODFX is rated at 75-89 in its category.
DODGX lags the SP500 for 1-3-5-10-15 years which is a blended index not growth or value. But Wait...DODGX also lags VTV(value ETF) for 1-3-5-10-15 years
2. If you read DODGX strategy (link)
Stocks — The Fund typically invests in companies that, in Dodge & Cox’s opinion, appear to be temporarily undervalued by the stock market but have a favorable outlook for long-term growth.
It's similar to PRWCX
"invests primarily in the common stocks of established U.S companies believed to have above-average potential for capital growth."
The value approach carries a risk that the market will not recognize a security’s intrinsic value for a long time or that a stock judged to be undervalued may actually be appropriately priced because of the fund’s fixed-income holdings or cash position, it may not keep pace in a rapidly rising market.
PRWCX managers are excellent while D&C are not and the rest are just excuses.

I invested in it a few months ago with the thought China markets are down due to trade war, before COVID-19 pandemic came to light. It is still doing good, though unusual

https://www.mutualfundobserver.com/2020/04/april-1-2020/#more-14103
Excellent read imho regarding current market conditions, what to possibly expect in the near future, several funds/managers' opinion.
Get your cash/bucket list ready / and several ideas to help out local communities/others
Enjoy

https://www.nytimes.com/reuters/2020/04/03/us/03reuters-health-coronavirus-municipals.html
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN21L37G
/Coronavirus Fiscal Fallout on U.S. Muni Issuers Worries Investors
By Reuters
April 3, 2020
CHICAGO — Investors in the U.S. municipal bond market are growing increasingly worried over the ability of states, cities and other debt issuers to weather the financial fallout of the COVID-19 pandemic caused by the novel coronavirus./
Article discusses covid19 nationalized shut down may cause major downturns and possible credit crunch due to limited/frozen states and local authorities lack of incomes. Muni bonds defaulting risks maybe much higher in the near future.
I think potus/congress/house maybe working to generate more bonds /govt bailouts to alleviate these stress in the near future.
More BAB anyone?

Adam Grossman HumbleDollar
If there’s one company that suddenly everyone knows, it’s Zoom, the videoconferencing company. It’s a great product and the stock (ticker symbol ZM) has enjoyed strong gains this year, up 123%. But there’s another Zoom that has done even better. It’s an obscure Chinese company with no revenue that happens to be listed on the U.S. market and with a much better ticker symbol: ZOOM. As a result, this other Zoom’s stock, which in the past typically traded for about a penny a share, has shot up nearly 900% this year.