American Funds Developing World Growth and Income Fund - A

Overall Morningstar Rating^TM Funds rated(721)
3-yr. Morningstar Rating^TM (721 funds rated)
5-yr. Morningstar Rating^TM (651 funds rated)
10-yr. Morningstar Rating^TM (-- funds rated)	--
Overall Morningstar Risk	Below Average HIGH LOW
Category	Diversified Emerging Mkts

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 10/31/2023 (updated monthly).

Risk Measures

Read important investment disclosures

		Fund
Standard Deviation		18.86
Sharpe Ratio		0.06
For the 5 Years ending 10/31/23 (updated monthly).
American Funds Benchmark		Morningstar Benchmark
MSCI Emerging Markets Index		MSCI ACWI Ex USA NR USD
R-squared	90	88
Beta	0.94	1.01
Capture Ratio (Downside/Upside)	91/91	104/95
American Funds Benchmark for the 5 Years ending 9/30/23 (updated quarterly). Morningstar Benchmark for the 5 Years ending 10/31/23 (updated monthly).
American Funds Benchmark
MSCI Emerging Markets Index
Active Share	78.3%

As of 9/30/23 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Financials 25.7%
	Communication services 15.6%
	Consumer discretionary 11.1%
	Information technology 9.3%
	Health care 8.7%
	Industrials 7.2%
	Consumer staples 6.9%
	Energy 4.9%
	Materials 3.3%
	Real estate 3.2%
	Utilities 1.6%

% of net assets as of 10/31/2023 (updated monthly)

TSMC

5.3%

TIM

3.0%

NetEase

3.0%

Ping An Insurance

2.7%

AIA Group

2.4%

Hana Financial Group

2.4%

Hengrui Medicine

2.2%

Bank Mandiri

2.1%

Alibaba Group

1.9%

Singapore Telecommunications

1.9%

% of net assets as of 10/31/2023 (updated monthly)

QUARTERLY HOLDINGS

Geographic Breakdown

Regions | Top Countries

United States

1.7%

Europe

8.3%

Asia & Pacific Basin

64.2%

Other (Including Canada & Latin America)

23.5%

Cash & equivalents

2.4%

% of net assets as of 10/31/2023 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue

Regions	Fund	MSCI Emerging Markets Index
United States	2.1%	0.0%
Canada	0.7%	0.0%
Europe	7.6%	0.0%
Japan	2.0%	0.0%
Asia-Pacific ex. Japan	5.6%	0.0%
Emerging Markets	82.1%	100.0%

% of net assets as of 9/30/2023 (updated quarterly)

Regions	Fund	MSCI Emerging Markets Index
United States	2.0%	0.0%
Canada	0.7%	0.0%
Europe	7.3%	0.0%
Japan	2.0%	0.0%
Asia-Pacific ex. Japan	5.4%	0.0%
Emerging Markets	79.1%	100.0%
Cash & Equivalents	3.5%	--
Fixed Income	0.2%	--

% of net assets as of 9/30/2023 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2023

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 12/04/23

Historical Distributions as of 12/04/23

2023

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
03/24/23	03/24/23	03/27/23	$0.005	$0.00	$0.00	$0.00	$9.60
06/23/23	06/23/23	06/26/23	$0.07	$0.00	$0.00	$0.00	$10.08
09/22/23	09/22/23	09/25/23	$0.042	$0.00	$0.00	$0.00	$9.79
		2023 Year-to-Date:	Dividends Subtotal: $0.117		Cap Gains Subtotal: $0.00
			Total Distributions: $0.117

Rate	As of Date
0.00000000	09/25/2023
0.00000000	09/26/2023
0.00000000	09/27/2023
0.00000000	09/28/2023
0.00000000	09/29/2023
0.00000000	10/02/2023
0.00000000	10/03/2023
0.00000000	10/04/2023
0.00000000	10/05/2023
0.00000000	10/06/2023
0.00000000	10/09/2023
0.00000000	10/10/2023
0.00000000	10/11/2023
0.00000000	10/12/2023
0.00000000	10/13/2023
0.00000000	10/16/2023
0.00000000	10/17/2023
0.00000000	10/18/2023
0.00000000	10/19/2023
0.00000000	10/20/2023
0.00000000	10/23/2023
0.00000000	10/24/2023
0.00000000	10/25/2023
0.00000000	10/26/2023
0.00000000	10/27/2023
0.00000000	10/30/2023
0.00000000	10/31/2023
0.00000000	11/01/2023
0.00000000	11/02/2023
0.00000000	11/03/2023
0.00000000	11/06/2023
0.00000000	11/07/2023
0.00000000	11/08/2023
0.00000000	11/09/2023
0.00000000	11/10/2023
0.00000000	11/13/2023
0.00000000	11/14/2023
0.00000000	11/15/2023
0.00000000	11/16/2023
0.00000000	11/17/2023
0.00000000	11/20/2023
0.00000000	11/21/2023
0.00000000	11/22/2023
0.00000000	11/24/2023
0.00000000	11/27/2023
0.00000000	11/28/2023
0.00000000	11/29/2023
0.00000000	11/30/2023
0.00000000	12/01/2023
0.00000000	12/04/2023

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		09/25/2023
0.00000000		09/26/2023
0.00000000		09/27/2023
0.00000000		09/28/2023
0.00000000		09/29/2023
0.00000000		10/02/2023
0.00000000		10/03/2023
0.00000000		10/04/2023
0.00000000		10/05/2023
0.00000000		10/06/2023
0.00000000		10/09/2023
0.00000000		10/10/2023
0.00000000		10/11/2023
0.00000000		10/12/2023
0.00000000		10/13/2023
0.00000000		10/16/2023
0.00000000		10/17/2023
0.00000000		10/18/2023
0.00000000		10/19/2023
0.00000000		10/20/2023
0.00000000		10/23/2023
0.00000000		10/24/2023
0.00000000		10/25/2023
0.00000000		10/26/2023
0.00000000		10/27/2023
0.00000000		10/30/2023
0.00000000		10/31/2023
0.00000000		11/01/2023
0.00000000		11/02/2023
0.00000000		11/03/2023
0.00000000		11/06/2023
0.00000000		11/07/2023
0.00000000		11/08/2023
0.00000000		11/09/2023
0.00000000		11/10/2023
0.00000000		11/13/2023
0.00000000		11/14/2023
0.00000000		11/15/2023
0.00000000		11/16/2023
0.00000000		11/17/2023
0.00000000		11/20/2023
0.00000000		11/21/2023
0.00000000		11/22/2023
0.00000000		11/24/2023
0.00000000		11/27/2023
0.00000000		11/28/2023
0.00000000		11/29/2023
0.00000000		11/30/2023
0.00000000		12/01/2023
0.00000000		12/04/2023

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.65%
Other Expenses	0.32%
Service 12b-1	0.24%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

DWGAX	1.21%
Lipper Emerging Markets Funds Average	1.41%

Fund as of most recent prospectus. Lipper Category as of 9/30/23 (updated quarterly).

Resources

	U.S. Equities1.7%		Non-U.S. Equities95.8%
	U.S. Bonds0.0%		Non-U.S. Bonds0.2%
	Cash & Equivalents 2.4%

	U.S. Equities1.7%
	Non-U.S. Equities95.8%
	U.S. Bonds0.0%
	Non-U.S. Bonds0.2%
	Cash & Equivalents 2.4%

Fund Inception	2/03/2014
Fund Assets (millions) As of 10/31/2023	$1,829.6
Companies/Issuers Holdings are as of 10/31/2023 (updated monthly).	129+
Shareholder Accounts Shareholder accounts are as of 10/31/2023	101,919
Regular Dividends Paid	Mar, Jun, Sep, Dec

Minimum Initial Investment	$250
Capital Gains Paid	Dec
Portfolio Turnover (2022)	45%
Fiscal Year-End	Nov
Prospectus Date	02/01/2023
CUSIP	02630F 10 0
Fund Number	30100

ACCOUNT INFORMATION

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Investment Fund

American Funds Developing World Growth and Income Fund SM (DWGAX)

Summary

Returns at NAV

Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Asset Mix

Growth of 10K

High & Low Prices

Growth of 10K

High & Low Prices

Market Capitalization

Morningstar Ownership ZoneTM

Description

Fund Facts

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Month-End Returns as of 10/31/23

Quarter-End Returns as of 9/30/23

Month-End Returns as of 10/31/23

Quarter-End Returns as of 9/30/23

Volatility & Return

Yield

Valuation

Portfolio Management

Ratings & Risk

Morningstar Rating TM

Risk Measures

Holdings

Equities Breakdown

Top Equities

Geographic Breakdown

The New Geography of Investing ®

Fund Breakdown by Domicile

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions as of 12/04/23

Historical Distributions as of 12/04/23

Fees & Expenses

Fees

Expense Ratio

Resources

Prospectuses & Reports for DWGAX

About Our Funds

American Funds Developing World Growth and Income Fund ^SM (DWGAX)

Morningstar Ownership Zone^TM

Morningstar Rating ^TM