American FundsŪ Developing World Growth and Income Fund
Growth-and-Income
Overview
American Funds Developing World Growth and Income Fund may be appropriate for investors who:
- Want to further diversify their portfolios' global equity or equity income allocations.
- Are nearing or in retirement and want access to developing-country opportunities with potentially less risk than typical emerging-markets growth investments.
- Want to broadly diversify their sources of income.
Objective
The fund's investment objective is to provide long-term growth of capital while providing current income.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 2/03/14
- Net and gross expense ratios:* 1.22% / 1.22%
- Investment expenses paid annually:† $12.20 for a $1,000 balance
- Ticker symbol: DWGAX
*Fund expenses are as of each fund’s prospectus. Please see the fund’s most recent prospectus for details.
†You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
Top 10 holdings
(Percentage of net assets shown are for the most recent period available as of 1/31/25; holdings are subject to change)
- TSMC 11.2%
- NetEase 2.8%
- Tencent 2.7%
- Hana Financial Group 2.4%
- MTN Group 1.8%
- SK hynix 1.7%
- ICICI Bank 1.6%
- MediaTek 1.6%
- Cholamandalam Investment and Finance 1.6%
- Bank Central Asia 1.6%
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (The percentages are shown at net asset value, updated annually as of 12/31. If the results reflected deduction of the maximum sales charge of 5.75%, they would have been lower.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely.
Average annual total returns through 12/31/24
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | 1.77% | -0.28% | -4.10% | 3.57% |
| At maximum offering price (Class A shares, with 5.75% maximum sales charge) |
1.17% | -1.45% | -5.97% | -2.38% |
Investment results reflect the deduction of applicable fees and expenses and the reinvestment of all distributions. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.
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