American Funds Dvlpg Wld Gr&Inc 529-F-3 (FWDGX)

Fund Assets	2.67B
Expense Ratio	0.827%
Min. Investment	$250
Turnover	54.00%
Dividend (ttm)	0.29
Dividend Yield	1.81%
Dividend Growth	44.20%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 18, 2026

Previous Close	16.06
YTD Return	14.79%
1-Year Return	18.52%
5-Year Return	34.35%
52-Week Low	13.47
52-Week High	16.96
Beta (5Y)	n/a
Holdings	148
Inception Date	Oct 30, 2020

About FWDGX

American Funds Developing World Growth and Income Fund 529-F-3 is an open-end mutual fund specializing in equities from emerging markets. Its primary objective is to provide long-term capital growth alongside current income by investing mainly in companies within developing economies that demonstrate both growth potential and the ability to pay dividends. The fund maintains a diversified portfolio, with the majority of assets allocated to non-U.S. equities—over 90%—and a strong focus on sectors like financials, information technology, and communication services. Fixed income exposure and cash holdings serve as supplementary components, helping balance risk and liquidity. With regular quarterly dividend distributions and capital gains paid annually, the fund is designed to appeal to investors seeking a blend of growth and income sources. The strategy’s emphasis on dividend-paying companies aims to help mitigate the typical volatility associated with emerging markets while maintaining exposure to their long-term growth prospects. Managed by Capital Group since its inception in 2014, this fund plays a significant role for investors looking to access global diversification beyond developed markets, particularly within retirement and education savings plans like 529 accounts.

• Fund Family: Capital Group
• Category: Diversified Emerging Mkts
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FWDGX
• Share Class: Class 529-f-3
• Index: MSCI EM (Emerging Markets) NR USD

Performance

FWDGX had a total return of 18.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.88%.

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%
DWGHX	Class F-2	0.88%

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
Sep 18, 2026	$0.0622	Sep 21, 2026
Jun 18, 2026	$0.0423	Jun 22, 2026
Mar 20, 2026	$0.0335	Mar 23, 2026
Dec 19, 2025	$0.1491	Dec 22, 2025
Sep 22, 2025	$0.0468	Sep 23, 2025
Jun 20, 2025	$0.0977	Jun 23, 2025

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:

Oct 16, 2026

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