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.
American Funds Dvlpg Wld Gr&Inc 529-F-3 FWDGX
- NAV / 1-Day Return 11.10 / +0.09 %
- Total Assets 2.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.820%
- Distribution Fee Level Low
- Share Class Type No Load
- Category Diversified Emerging Mkts
- Investment Style Large Blend
- Min. Initial Investment 250
- Status Open
- TTM Yield —
- Turnover 37%
USD | NAV as of May 20, 2024 | 1-Day Return as of May 20, 2024, 10:17 PM GMT+0
Morningstar’s Analysis FWDGX
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Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 22.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 6.02 | 118.2 Mil | Technology |
Hana Financial Group Inc | 2.91 | 57.1 Mil | Financial Services |
AIA Group Ltd | 2.12 | 41.6 Mil | Financial Services |
Capital Group Central Cash Fund | 2.05 | 40.3 Mil | Cash and Equivalents |
Ping An Insurance (Group) Co. of China Ltd Class H | 1.84 | 36.1 Mil | Financial Services |
Tencent Holdings Ltd | 1.83 | 35.9 Mil | Communication Services |
Jiangsu Hengrui Pharmaceuticals Co Ltd Class A | 1.66 | 32.6 Mil | Healthcare |
PT Bank Mandiri (Persero) Tbk | 1.63 | 31.9 Mil | Financial Services |
H World Group Ltd ADR | 1.61 | 31.5 Mil | Consumer Cyclical |
TotalEnergies SE | 1.59 | 31.2 Mil | Energy |