American Funds Developing World Growth and Income Fund (DWGAX)
| Fund Assets | 1.98B |
| Expense Ratio | 1.21% |
| Min. Investment | $250 |
| Turnover | 51.00% |
| Dividend (ttm) | 0.14 |
| Dividend Yield | 1.01% |
| Dividend Growth | -15.02% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 20, 2025 |
| Previous Close | 12.72 |
| YTD Return | 22.76% |
| 1-Year Return | 21.03% |
| 5-Year Return | 27.15% |
| 52-Week Low | 9.90 |
| 52-Week High | 12.88 |
| Beta (5Y) | 0.67 |
| Holdings | 134 |
| Inception Date | Feb 3, 2014 |
About DWGAX
The American Funds Developing World Growth and Income Fund is an open-end mutual fund specializing in equity investments within developing markets. Its primary objective is to achieve long-term capital growth while also providing current income for investors. The fund accomplishes this by allocating at least 80% of its assets to companies in emerging economies that exhibit strong earnings potential and regularly pay dividends. It holds a diversified portfolio across multiple sectors, with notable allocations to financials, information technology, communication services, and consumer discretionary industries, and diversifies across more than 100 holdings to mitigate volatility. Managed by Capital Research and Management Company, a firm recognized for its rigorous research and disciplined, long-term investment strategies, the fund also seeks to reduce overall risk compared to typical emerging market growth funds. It distributes dividends quarterly and makes annual capital gains distributions. The fund is commonly used by investors seeking broader global equity diversification or exposure to developing-country opportunities, potentially with lower risk and added income relative to pure growth-oriented emerging market funds. Since its inception in 2014, the fund has established itself as a significant option in the diversified emerging markets category, appealing to individuals aiming to enhance international diversification in their portfolios.
Performance
DWGAX had a total return of 21.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.52%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
30.38% of assets| Name | Symbol | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 7.67% |
| Tencent Holdings Limited | 0700 | 3.45% |
| Hana Financial Group Inc. | 086790 | 3.26% |
| Capital Group Central Cash Fund | n/a | 2.93% |
| SK hynix Inc. | 000660 | 2.73% |
| Alibaba Group Holding Limited | BABAF | 2.39% |
| PICC Property and Casualty Company Limited | 2328 | 2.16% |
| MTN Group Limited | MTN | 1.98% |
| Kotak Mahindra Bank Limited | KOTAKBANK | 1.93% |
| Cholamandalam Investment and Finance Company Limited | CHOLAFIN | 1.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 20, 2025 | $0.087 | Jun 23, 2025 |
| Mar 21, 2025 | $0.0017 | Mar 24, 2025 |
| Dec 20, 2024 | $0.0314 | Dec 23, 2024 |
| Sep 23, 2024 | $0.018 | Sep 24, 2024 |
| Jun 21, 2024 | $0.065 | Jun 24, 2024 |
| Mar 22, 2024 | $0.0045 | Mar 25, 2024 |