American Funds Developing World Growth and Income Fund - F-3 | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

GROWTH & INCOME FUNDS

SM

Share Class
Purchase Restrictions: Class F-3 shares are available through certain registered investment advisor and fee-based programs, but are not available for purchase in most employer-sponsored retirement plans. See the prospectus for details.

Summary

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Dividend investing in the developing world. Balances long-term growth of capital and current income, with the potential to reduce the effects of volatility typically associated with emerging markets investing.
Price at NAV $9.74 as of 8/12/2022 (updated daily)
Fund Assets (millions) $2,188.3
Portfolio Managers
4
Expense Ratio
0.77%

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Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities3.6%
Non-U.S. Equities91.7%
U.S. Bonds0.0%
Non-U.S. Bonds0.2%
Cash & Equivalents
4.5%
U.S. Equities3.6%
Non-U.S. Equities91.7%
U.S. Bonds0.0%
Non-U.S. Bonds0.2%
Cash & Equivalents
4.5%
As of 7/31/2022 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class F-3 Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.
FDWGX
MSCI Emerging Markets Index

High & Low Prices

Market Capitalization

80.4%
Large
17.5%
Medium
2.1%
Small
$27,827.17 Million
Weighted Average


As of 6/30/2022 (updated quarterly). Morningstar data as of 6/30/2022 (updated quarterly).

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 6/30/22 (updated quarterly)

Description

Fund Objective
The fund's investment objective is to provide long-term growth of capital while providing current income.
Distinguishing Characteristics
Invests primarily in developing world companies that have potential for growth and the capacity to pay dividends. By balancing long-term growth of capital and current income, the strategy seeks to reduce the effects of volatility typically associated with emerging markets investing.
Types of Investments
The fund will invest at least 80% of assets in securities that are: 1) issued by companies in developing countries; 2) principally traded in the securities markets of developing countries; 3) denominated in developing-country currencies; or 4) issued by companies deemed suitable for investment because they have significant economic exposure to developing countries.

Fund Facts

Fund Inception 2/03/2014
Fund Assets (millions)
As of 7/31/2022
$2,188.3
Companies/Issuers
Holdings are as of 6/30/2022 (updated quarterly).
133+
Shareholder Accounts
Shareholder accounts are as of 7/31/2022
68,692
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2021) 32%
Fiscal Year-End Nov
Prospectus Date 05/01/2022
CUSIP 02630F 77 9
Fund Number 37100

Returns

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Month-End Returns as of 7/31/22

Quarter-End Returns as of 6/30/22

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Volatility & Return

Read important investment disclosures

Volatility & Return chart is not available for funds less than 10 years old.

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.78% 1.22%
Fund at MOP N/A N/A
As of 7/31/2022 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 1.92 7.77 12.47
MSCI Emerging Markets Index
1.50 5.40 10.70
Fund as of 6/30/22. Index as of 6/30/22.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Noriko Honda Chen 8 23 31
Saurav Jain 3 15 21
Victor D. Kohn 3 36 37
F. Chapman Taylor 8 28 31
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(724)
3-yr. Morningstar RatingTM
(724 funds rated)
5-yr. Morningstar RatingTM
(638 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
--
Overall Morningstar Risk Below Average
HIGH
LOW
Category Diversified Emerging Mkts
Ratings are based on risk-adjusted returns as of 7/31/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
17.05
Sharpe Ratio
-0.01
For the 5 Years ending 7/31/22 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI Emerging Markets Index
MSCI ACWI Ex USA NR USD
R-squared 90 84
Beta 0.95 0.99
Capture Ratio (Downside/Upside) 100/90 104/90
American Funds Benchmark for the 5 Years ending 6/30/22 (updated quarterly).
Morningstar Benchmark for the 5 Years ending 7/31/22 (updated monthly).
American Funds
Benchmark
MSCI Emerging Markets Index
Active Share
78.3%
As of 6/30/22 (updated quarterly)

Holdings

Equities Breakdown

Equity Fund Holdings
Financials 23.7%
Health care 14.8%
Information technology 13.8%
Communication services 10.8%
Consumer discretionary 10.2%
Consumer staples 6.9%
Industrials 5.1%
Energy 4.0%
Materials 3.6%
Utilities 1.3%
Real estate 0.3%

% of net assets as of 6/30/2022 (updated quarterly)

Top Equities

Ping An Insurance
4.1%
TSMC
3.5%
BeiGene
3.3%
Samsung Electronics
3.3%
Hypera SA
3.0%
AIA Group
2.6%
Varun Beverages
2.5%
Hengrui Medicine
2.3%
NetEase
2.3%
Vale
2.1%

% of net assets as of 7/31/2022 (updated monthly)

Geographic Breakdown

United States
3.3%
Europe
6.8%
Asia & Pacific Basin
70.0%
Other (Including Canada & Latin America)
14.6%
Cash & equivalents
5.3%
% of net assets as of 6/30/2022 (updated quarterly)

The New Geography of Investing ®

Regions Fund
MSCI Emerging Markets Index
United States 3.4% 0.0%
Europe 6.9% 0.0%
Japan 1.8% 0.0%
Asia-Pacific ex. Japan 7.0% 0.1%
Emerging Markets 80.9% 99.9%

% of net assets as of 6/30/2022 (updated quarterly)

Fund Breakdown by Domicile

Regions Fund
MSCI Emerging Markets Index
United States 3.3% 0.0%
Europe 6.5% 0.0%
Japan 1.7% 0.0%
Asia-Pacific ex. Japan 6.6% 0.1%
Emerging Markets 76.5% 99.9%
Cash & Equivalents
5.3% --
Fixed Income 0.2% --

% of net assets as of 6/30/2022 (updated quarterly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 08/12/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/25/22 03/25/22 03/28/22 $0.0211 $0.00 $0.00 $0.00 $10.51
06/24/22 06/24/22 06/27/22 $0.0381 $0.00 $0.00 $0.00 $9.42
2022 Year-to-Date: Dividends Subtotal: $0.0592 Cap Gains Subtotal: $0.00
Total Distributions: $0.0592

Fees & Expenses

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Fees

Annual Management Fees 0.65%
Other Expenses 0.12%
Service 12b-1 --
As of each fund's most recent prospectus.
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Expense Ratio

FDWGX 0.77%
Lipper Emerging Markets Funds Average
0.96%
Fund as of most recent prospectus. Lipper Category as of 6/30/22 (updated quarterly).

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