TWDGX Fees and Costs — American Funds Developing World Growth & Income Fund, Class 529-T
Data updated: 2026-07-29
The net expense ratio is 1.25%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.35% other expenses. This share class carries a maximum front-end sales load of 2.50%. In fiscal 2025 the fund paid $1.8M in broker commissions, 0.0942% of average net assets, and portfolio turnover was 40%.
TWDGX Fees and Expenses
Annual operating expenses and sales charges of TWDGX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TWDGX Costs Over Time
On $10,000 invested in TWDGX, assuming 5% a year before costs, total costs come to $1,133 over 5 years, cutting the return by 1.93% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $250 | $250 | $250 |
| Fund expenses (net expense ratio 1.25%) | $128 | $398 | $687 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $12 | $61 | $144 |
| Total costs | $400 | $738 | $1,133 |
| Value after costs | $10,100 | $10,838 | $11,630 |
| Impact on return, per year | 4.00% | 2.28% | 1.93% |
TWDGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0942%
- Total broker commissions: $1.8M
- Bought from dealers (principal trades, not a cost): $55.0M
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $32K (0.002% of average net assets)
TWDGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $200K | 13.93% |
| J.P. Morgan Securities LLC | $180K | 12.54% |
| Morgan Stanley & Co. LLC | $171K | 11.91% |
| HSBC Holdings PLC | $168K | 11.67% |
| Citigroup Global Markets Inc. | $159K | 11.08% |
| Bank of America, N.A. | $147K | 10.25% |
| CLSA B.V. | $126K | 8.76% |
| UBS AG | $122K | 8.49% |
| Jefferies & Company Inc. | $104K | 7.27% |
| EFG Hermes International Securities Brokerage S.A.E | $59K | 4.11% |
TWDGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC Holdings PLC | $18.9M | 34.35% |
| Goldman Sachs & Co. LLC | $7.8M | 14.18% |
| Citigroup Global Markets Inc. | $7.3M | 13.21% |
| Banco Santander S.A. | $6.6M | 12.03% |
| Jefferies & Company Inc. | $6.4M | 11.69% |
| ITAU BBA USA Securities, Inc. | $3.7M | 6.66% |
| J.P. Morgan Securities LLC | $3.0M | 5.40% |
| IIFL Capital Services Limited | $1.4M | 2.49% |
American Funds Developing World Growth & Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FDWGX | Class F-3 | 0.78% | none |
| RDWGX | Class R-6 | 0.78% | none |
| FWDGX | Class 529-F-3 | 0.83% | none |
| RDWFX | Class R-5 | 0.83% | none |
| DWGHX | Class F-2 | 0.88% | none |
| FWDDX | Class 529-F-2 | 0.89% | none |
| RDWHX | Class R-5E | 0.92% | none |
| RDWEX | Class R-4 | 1.12% | none |
| DWGFX | Class F-1 | 1.17% | none |
| CDWFX | Class 529-F-1 | 1.21% | none |
| DWGAX | Class A | 1.21% | 5.75% |
| TDWGX | Class T | 1.21% | 2.50% |
| CDWAX | Class 529-A | 1.22% | 3.50% |
| TWDGX | Class 529-T | 1.25% | 2.50% |
| CDWEX | Class 529-E | 1.39% | none |
| RDWCX | Class R-3 | 1.43% | none |
| RDEGX | Class R-2E | 1.56% | none |
| RDWBX | Class R-2 | 1.86% | none |
| RDWAX | Class R-1 | 1.88% | none |
| DWGCX | Class C | 1.97% | none |
| CDWCX | Class 529-C | 2.01% | none |
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.