American Funds Developing World Growth and Income Fund Class F-2 is a diversified mutual fund focused on companies with significant economic exposure to developing countries. Its primary objective is to deliver both long-term capital growth and current income, aiming to balance the potential for higher returns typical of emerging markets with efforts to reduce volatility. The fund predominantly invests in non-U.S. equities—comprising over 90% of assets—while maintaining a smaller allocation to non-U.S. bonds and cash equivalents. It targets companies that offer growth prospects and the capacity to pay dividends, emphasizing issuers where at least half of assets, revenues, or profits are linked to developing economies. With a broad portfolio of more than 100 holdings, the fund spans key emerging sectors such as financials, information technology, and consumer discretionary. Regular dividend distributions are made quarterly, and the fund maintains a moderate portfolio turnover rate. By blending growth orientation with income generation, the fund serves investors seeking diversified exposure to the evolving global landscape of emerging markets while addressing the unique risks inherent in these regions.