American Funds Developing World Growth and Income Fund Class C (DWGCX)

Fund Assets	2.64B
Expense Ratio	1.97%
Min. Investment	$250
Turnover	54.00%
Dividend (ttm)	0.12
Dividend Yield	0.73%
Dividend Growth	238.89%
Payout Frequency	n/a
Ex-Dividend Date	Dec 19, 2025

Previous Close	16.25
YTD Return	18.27%
1-Year Return	28.47%
5-Year Return	30.22%
52-Week Low	12.60
52-Week High	16.73
Beta (5Y)	0.89
Holdings	148
Inception Date	Feb 3, 2014

About DWGCX

American Funds Developing World Growth and Income Fund Class C is a mutual fund designed to provide long-term capital growth alongside current income. It primarily invests in companies located in developing, or emerging, markets—regions with higher growth potential but also higher volatility than developed economies. The fund’s strategy emphasizes a balance between seeking growth opportunities and focusing on firms with the ability to pay dividends, aiming to reduce the typical volatility associated with emerging markets investing. Its portfolio consists overwhelmingly of non-U.S. equities, with a broad geographic and sector diversification, and a small allocation to non-U.S. bonds and cash equivalents. Managed by Capital Research and Management Company, the fund leverages fundamental research and benchmarks its performance against the MSCI Emerging Markets Index. Offering regular quarterly dividends and potential capital gains, it supports investors seeking global diversification and exposure to developing world economies, while employing risk-managed approaches to income and capital appreciation.

• Fund Family: Capital Group
• Category: Diversified Emerging Mkts
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: DWGCX
• Share Class: Class C
• Index: MSCI EM (Emerging Markets) NR USD

Performance

DWGCX had a total return of 28.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.57%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FGOMX	Fidelity	Strategic Advisers Fidelity Emerging Markets Fund	0.30%
FPADX	Fidelity	Fidelity Emerging Markets Index Fund	0.08%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
RDWGX	Class R-6	0.78%
FDWGX	Class F-3	0.78%
RDWFX	Class R-5	0.83%
FWDGX	Class 529-f-3	0.83%

Top 10 Holdings

44.42% of assets

Name	Symbol	Weight
Taiwan Semiconductor Manufacturing Company Limited	2330	12.17%
SK hynix Inc.	000660	10.37%
Samsung Electronics Co., Ltd.	005930	6.28%
Capital Group Central Cash Fund	n/a	3.11%
Tencent Holdings Limited	0700	2.90%
Taiwan Semiconductor Manufacturing Company Limited	TSM	2.30%
MediaTek Inc.	2454	2.19%
Hana Financial Group Inc.	086790	1.99%
Alibaba Group Holding Limited	9988	1.63%
China Resources Land Limited	1109	1.49%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.1093	Dec 22, 2025
Sep 22, 2025	$0.0093	Sep 23, 2025
Jun 20, 2025	$0.0644	Jun 23, 2025
Dec 20, 2024	$0.0097	Dec 23, 2024
Jun 21, 2024	$0.0443	Jun 24, 2024
Dec 19, 2023	$0.0319	Dec 20, 2023

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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