American Funds Developing World Growth and Income Fund - Class F-1
DWGFX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 6455 Irvine Center Drive Irvine CA United States of America 92618
- IPO Date
- Mar 11, 2014
- CIK
- 0001584433
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds Developing World Growth and Income Fund - Class F-1 (DWGFX) is an open-end mutual fund managed by Capital Group that seeks long-term growth of capital while providing current income through investments primarily in developing world equities. The fund normally invests at least 80% of its assets in common stocks and other equity-type securities issued by companies in developing countries, those principally traded in developing country securities markets, denominated in developing country currencies, or those with significant economic exposure to developing countries; it may also include fixed-income securities, preferred stocks, convertible securities, and cash equivalents. Its portfolio is diversified across sectors such as financials (approximately 27%), information technology (18-20%), communication services (13-14%), consumer discretionary (9-10%), industrials (7-8%), materials (6%), health care (4-5%), real estate (3%), consumer staples (2-3%), and energy (1-2%), with geographic emphasis on emerging markets ex-China (60-63%), China (26-27%), and minimal allocations to developed regions like the United States (1-2%), Canada (1-2%), Europe & Middle East (1%), Japan (0-1%), and Asia-Pacific ex-Japan (2%). Launched on February 3, 2014, the fund is domiciled in the United States with headquarters at Capital Group's offices in Los Angeles, California, and maintains assets under management of approximately $2.2 billion as of late 2025 across its share classes. It offers quarterly dividends paid in March, June, September, and December, with a 12-month distribution rate of 1.16% and a 30-day SEC yield of 1.45% at NAV as of November 30, 2025; capital gains are distributed annually in December. The fund features a portfolio turnover rate of 51% for fiscal year 2024, an expense ratio of 1.16% (including 0.65% management fees, 0.25% 12b-1 service fees, and 0.26% other expenses), and a minimum initial investment of $250. Portfolio management is led by Noriko Chen (since inception), Saurav Jain (since February 2019), Arthur Caye, and Lisa Thompson, employing a multiple-manager approach with an active share of 60.8% relative to the MSCI Emerging Markets Index benchmark. The fund targets institutional and retail investors seeking exposure to high-growth developing markets, including countries across Asia, Latin America, Europe, the Middle East, and Africa. In recent developments, the fund maintained its investment policy and multiple-manager structure with no major strategic shifts, funding rounds, or acquisitions reported in 2024-2025; it continued quarterly dividend payments totaling $0.1272 year-to-date through September 2025 and updated its prospectus date to February 1, 2025. Capital Group, the fund's investment adviser, has sustained its focus on emerging markets amid portfolio allocations showing resilience with below-average Morningstar risk ratings over 3-, 5-, and 10-year periods ending November 2025.