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American Funds Dvlpg Wld Gr&Inc 529A CDWAX

Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 10.58  /  +0.19 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    1.230%
  • Expense Ratio 1.230%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Diversified Emerging Mkts
  • Investment Style Large Blend
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.61%
  • Turnover 37%

USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:15 PM GMT+0

Morningstar’s Analysis CDWAX

Will CDWAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Upcoming Manager Retirement on American Funds Developing World Growth and Income; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

American Funds' parent Capital Group announced that veteran manager Chapman Taylor will step off American Funds Developing World Growth and Income on July 1, 2024, and retire from the firm on July 25, 2024. Taylor has spent 29 years of his 33-year career at Capital Group and has been a manager here since the strategy's 2014 inception. He also serves as the principal investment officer for the fund in charge of allocating capital across the managers' independently run sleeves. In February, Saurav Jain will take over as a principal investment officer. While Taylor's retirement is a loss, it is one that Capital Group is equipped to handle. In the past two years, the firm has named three managers to the strategy, including Jain. This change does not alter the strategy's Above Average People rating or its Morningstar Medalist Ratings.

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Portfolio Holdings CDWAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 23.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

4.77 94.7 Mil
Technology

Hana Financial Group Inc

2.52 50.0 Mil
Financial Services

Bank Bradesco SA Participating Preferred

2.23 44.3 Mil
Financial Services

AIA Group Ltd

2.18 43.4 Mil
Financial Services

PT Bank Mandiri (Persero) Tbk

2.06 41.0 Mil
Financial Services

Ping An Insurance (Group) Co. of China Ltd Class H

2.05 40.7 Mil
Financial Services

TIM SA Ordinary Shares

2.05 40.7 Mil
Communication Services

Tokyo Electron Ltd

2.03 40.3 Mil
Technology

Capital Group Central Cash Fund

2.01 39.8 Mil
Cash and Equivalents

Jiangsu Hengrui Pharmaceuticals Co Ltd Class A

1.96 38.9 Mil
Healthcare