DWGFX Performance — American Funds Developing World Growth & Income Fund, Class F-1
Data updated: 2026-07-29
DWGFX returned +19.41% year to date and +44.54% over one year to May 2026. Annualised returns are +21.36% over 3 years and +5.70% over 5 years. The fund beat its Global Large Blend category average: $100 invested three years ago grew to $179, against $163 for the category, and to $145 over one year, against $123. Volatility over the past three years was 15.15% a year. In the 12 months to May 2026 the fund took in a net $48.5M, and assets reached $2.73B.
DWGFX Growth of $100
What $100 invested in American Funds Developing World Growth & Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Large Blend category average over the same months.
| Period | DWGFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $145 | $123 |
| 3 years (Jun 2023 – May 2026) | $179 | $163 |
| 5 years (Jun 2021 – May 2026) | $132 | $151 |
| Since data start (Sep 2019 – May 2026) | $181 | $207 |
DWGFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.41% |
| 1 year | +44.54% |
| 3 years (annualised) | +21.36% |
| 5 years (annualised) | +5.70% |
DWGFX Annual Returns
Calendar-year total returns of American Funds Developing World Growth & Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +19.41% |
| 2025 | +34.35% |
| 2024 | +3.63% |
| 2023 | +11.46% |
| 2022 | −23.51% |
| 2021 | +0.51% |
| 2020 | +11.39% |
| 2019 (Sep–Dec) | +14.04% |
DWGFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.0% | +4.7% | −10.8% | +10.5% | +7.2% | — | — | — | — | — | — | — |
| 2025 | +2.6% | +0.4% | +1.8% | +1.7% | +4.2% | +6.3% | +0.1% | +3.5% | +6.3% | +2.4% | −0.6% | +1.7% |
| 2024 | −3.9% | +4.6% | +2.3% | −1.7% | +1.1% | +0.2% | +0.3% | +2.4% | +6.0% | −4.1% | −1.9% | −1.3% |
| 2023 | +9.3% | −5.8% | +0.9% | +2.3% | −2.5% | +5.1% | +4.1% | −5.7% | −3.6% | −3.2% | +7.6% | +3.7% |
| 2022 | −5.1% | −7.4% | −3.1% | −8.3% | +0.4% | −4.6% | +1.5% | −1.3% | −9.1% | +1.2% | +12.6% | −1.5% |
| 2021 | +1.0% | +3.0% | −0.7% | +1.4% | +3.1% | +0.6% | −4.5% | +2.2% | −2.4% | −0.2% | −3.0% | +0.2% |
| 2020 | −4.1% | −4.8% | −18.9% | +9.4% | +2.0% | +6.9% | +6.8% | +2.9% | −2.2% | −0.8% | +11.8% | +5.9% |
| 2019 | — | — | — | — | — | — | — | — | +1.1% | +4.6% | +1.1% | +6.7% |
DWGFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 15.15%
- 3-year Sharpe ratio: 1.11 (vs 4.5% risk-free rate)
- Best month: +10.48% (Apr 2026)
- Worst month: −10.79% (Mar 2026)
DWGFX Fund Flows
Monthly money in and out of American Funds Developing World Growth & Income Fund, from SEC Form N-PORT.
- 12-month net flow: $48.5M
- 12-month gross sales (incl. reinvestments): $499.5M
- Sales ÷ redemptions: 1.11×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $25.2M | $34.6M | −$9.4M |
| Apr 2026 | $35.3M | $37.7M | −$2.4M |
| Mar 2026 | $126.9M | $63.1M | $63.7M |
| Feb 2026 | $58.3M | $30.9M | $27.4M |
| Jan 2026 | $58.9M | $37.3M | $21.7M |
| Dec 2025 | $45.9M | $36.2M | $9.7M |
| Nov 2025 | $18.2M | $28.6M | −$10.4M |
| Oct 2025 | $29.3M | $50.6M | −$21.3M |
| Sep 2025 | $36.5M | $36.0M | $498K |
| Aug 2025 | $15.9M | $25.4M | −$9.4M |
| Jul 2025 | $19.5M | $41.6M | −$22.1M |
| Jun 2025 | $29.5M | $29.0M | $540K |
DWGFX Assets Under Management
Net assets of American Funds Developing World Growth & Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.73B |
| 2026-02-28 | $2.53B |
| 2025-11-30 | $2.17B |
| 2025-08-31 | $2.04B |
| 2025-05-31 | $1.89B |
| 2025-02-28 | $1.77B |
| 2024-11-30 | $1.82B |
| 2024-08-31 | $1.89B |
| 2024-05-31 | $1.90B |
| 2024-02-29 | $1.94B |
| 2023-11-30 | $1.94B |
| 2023-08-31 | $2.02B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.