Morningstar

American Funds Developing World Growth and Income Fund Class 529-F-3 FWDGX

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 16.22  /  +0.31 %
  • Total Assets 2.7B
  • Adj. Expense Ratio
    0.830%
  • Expense Ratio 0.840%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Diversified Emerging Mkts
  • Investment Style Large Blend
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.66%
  • Turnover 54%

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FWDGX

Will FWDGX outperform in the future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FWDGX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FWDGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FWDGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

American Funds Dvlpg Wld Gr&Inc 529-F-3 holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings FWDGX

More FWDGX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 34.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

10.40 241M
Technology

Capital Group Central Cash Fund

5.41 125M
Cash and Equivalents

Samsung Electronics Co Ltd

4.37 101M
Technology

SK Hynix Inc

3.72 86M
Technology

Tencent Holdings Ltd

3.69 85M
Communication Services

Petroleo Brasileiro SA Petrobras ADR

2.42 56M
Energy

Hana Financial Group Inc

2.21 51M
Financial Services

Alibaba Group Holding Ltd Ordinary Shares

2.21 51M
Consumer Cyclical

Taiwan Semiconductor Manufacturing Co Ltd ADR

1.89 44M
Technology

China Resources Land Ltd

1.76 41M
Real Estate

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