About CDWAX
The American Funds Developing World Growth and Income Fund 529-A is a mutual fund focused on investing primarily in companies based in emerging markets that demonstrate both strong growth prospects and the potential to pay dividends. Its core objective is to achieve long-term capital appreciation while also providing current income, making it distinctive among emerging markets funds for its dual emphasis on growth and income generation. The fund maintains broad geographic and sector diversification, with over 90% of assets in non-U.S. equities, and its holdings span more than 117 companies as of May 2025. Key sector exposures include financials, information technology, communication services, and consumer discretionary, reflecting a strong orientation toward dynamic and rapidly expanding industries within developing economies. The fund's strategy is designed to help reduce the volatility often associated with emerging markets investing, partly through its focus on dividend-capable companies and a balanced approach to capital growth and income. The fund pays regular quarterly dividends and annual capital gains, and is commonly used by investors seeking exposure to global growth opportunities outside developed markets, particularly as part of long-term saving or educational planning strategies.
Fund Family Capital Group
Category Diversified Emerging Mkts
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol CDWAX
Share Class Class 529-a
Index MSCI EM (Emerging Markets) NR USD
CDWAX had a total return of 30.11% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.38%.
