About RDWCX
American Funds Developing World Growth and Income Fund – Class R-3 is an open-end mutual fund focused on long-term capital growth and current income by investing primarily in companies located in emerging markets. Managed by Capital Research and Management Company, the fund is designed for investors seeking exposure to developing economies while aiming to balance growth potential with income generation. Its diversified portfolio holds equity securities from a variety of sectors, with heavy allocations to non-U.S. equities—recent figures show over 90% invested outside the United States, predominantly in emerging markets—with additional exposure to cash and non-U.S. bonds.
The fund seeks to mitigate some of the risks traditionally associated with emerging markets by targeting companies not only with growth prospects but also with a demonstrated capacity to pay dividends, potentially smoothing returns for shareholders. Regular dividends are distributed quarterly, and the portfolio’s management emphasizes broad regional and sector diversification, spanning financials, information technology, communication services, consumer sectors, and more. With more than 100 holdings, the fund provides access to dynamic global growth drivers while maintaining an income component, supporting its role as a diversification tool within a global or retirement-focused investment strategy.
Fund Family Capital Group
Category Diversified Emerging Mkts
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RDWCX
Share Class Class R-3
Index MSCI EM (Emerging Markets) NR USD
RDWCX had a total return of 29.68% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.45%.
