American Funds Developing World Growth and Income Fund (DWGAX)
The investment seeks long-term growth of capital while providing current income. Under normal market conditions, the fund will invest at least 80% of its assets in securities that are (1) issued by companies in developing countries; (2) principally traded in the securities markets of developing countries; (3) denominated in developing country currencies; or (4) issued by companies deemed to be suitable for investment by the fund because they have significant economic exposure to developing countries.
Fund Info
US02630F1003
02630F100
Feb 2, 2014
$250
Large-Cap
Blend
Expense Ratio
DWGAX has a high expense ratio of 1.23%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Funds Developing World Growth and Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
American Funds Developing World Growth and Income Fund (DWGAX) returned 8.34% year-to-date (YTD) and 8.08% over the past 12 months. Over the past 10 years, DWGAX returned 2.17% annually, underperforming the S&P 500 benchmark at 10.35%.
DWGAX
8.34%
9.46%
3.66%
8.08%
6.35%
2.17%
^GSPC (Benchmark)
-3.93%
11.36%
-1.09%
10.19%
14.74%
10.35%
Monthly Returns
The table below presents the monthly returns of DWGAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.55% | 0.37% | 1.76% | 1.72% | 1.69% | 8.34% | |||||||
| 2024 | -3.88% | 4.64% | 2.26% | -1.70% | 1.15% | 0.23% | 0.28% | 2.37% | 6.01% | -4.12% | -1.92% | -1.30% | 3.57% |
| 2023 | 9.23% | -5.83% | 0.88% | 2.35% | -2.50% | 5.12% | 4.12% | -5.75% | -3.59% | -3.23% | 7.64% | 3.72% | 11.28% |
| 2022 | -5.14% | -7.36% | -3.11% | -8.30% | 0.41% | -4.63% | 1.51% | -1.27% | -9.14% | 1.19% | 12.66% | -1.41% | -23.47% |
| 2021 | 0.96% | 3.01% | -0.70% | 1.39% | 3.13% | 0.63% | -4.50% | 2.24% | -2.46% | -0.15% | -2.95% | 0.23% | 0.50% |
| 2020 | -4.23% | -4.69% | -18.86% | 9.39% | 1.85% | 7.01% | 6.70% | 2.91% | -2.21% | -0.75% | 11.68% | 5.86% | 11.26% |
| 2019 | 8.32% | 0.39% | 0.68% | 2.53% | -5.51% | 6.70% | -0.67% | -3.74% | 1.05% | 4.66% | 1.04% | 6.81% | 23.50% |
| 2018 | 5.33% | -4.05% | -0.09% | -3.08% | -3.45% | -3.76% | 2.77% | -4.04% | -0.02% | -6.05% | 4.08% | -2.93% | -14.90% |
| 2017 | 4.44% | 2.55% | 2.58% | 2.33% | 1.88% | 1.06% | 3.01% | 1.04% | -0.42% | 1.79% | 1.02% | 3.52% | 27.69% |
| 2016 | -6.18% | 1.77% | 10.71% | 1.13% | -1.89% | 3.98% | 3.31% | -0.43% | 1.17% | -0.64% | -3.75% | 0.62% | 9.21% |
| 2015 | -0.48% | 2.90% | -3.08% | 5.24% | -2.77% | -3.35% | -3.46% | -8.59% | -3.93% | 4.81% | -2.69% | -2.84% | -17.53% |
| 2014 | 3.05% | 1.85% | 1.45% | 2.61% | 0.17% | 2.01% | -6.28% | 0.37% | -0.55% | -4.15% | 0.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DWGAX is 54, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds Developing World Growth and Income Fund (DWGAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Funds Developing World Growth and Income Fund provided a 1.02% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.12 | $0.17 | $0.10 | $0.13 | $0.10 | $0.21 | $0.21 | $0.23 | $0.18 | $0.17 | $0.13 |
Dividend yield | 1.02% | 1.12% | 1.63% | 1.09% | 1.01% | 0.82% | 1.81% | 2.28% | 2.02% | 2.01% | 2.05% | 1.24% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds Developing World Growth and Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.13 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.10 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.21 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.21 |
| 2017 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.23 |
| 2016 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.18 |
| 2015 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.17 |
| 2014 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.01 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds Developing World Growth and Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds Developing World Growth and Income Fund was 38.71%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current American Funds Developing World Growth and Income Fund drawdown is 12.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.71% | Feb 17, 2021 | 426 | Oct 24, 2022 | — | — | — |
| -36.51% | Sep 8, 2014 | 346 | Jan 21, 2016 | 465 | Nov 22, 2017 | 811 |
| -34.78% | Jan 21, 2020 | 44 | Mar 23, 2020 | 166 | Nov 16, 2020 | 210 |
| -23% | Jan 29, 2018 | 191 | Oct 29, 2018 | 302 | Jan 13, 2020 | 493 |
| -5.74% | Jan 21, 2021 | 7 | Jan 29, 2021 | 6 | Feb 8, 2021 | 13 |
Volatility
Volatility Chart
The current American Funds Developing World Growth and Income Fund volatility is 9.23%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.