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 F1 DWGFX
- NAV / 1-Day Return 11.62 / +1.22 %
- Total Assets 2.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.140%
- Distribution Fee Level Average
- Share Class Type No Load
- Category Diversified Emerging Mkts
- Investment Style Large Blend
- Min. Initial Investment 250
- Status Open
- TTM Yield 1.26%
- Turnover 37%
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0
Morningstar’s Analysis DWGFX
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People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 27.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 7.77 | 146.3 Mil | Technology |
Tencent Holdings Ltd | 3.95 | 74.4 Mil | Communication Services |
Capital Group Central Cash Fund | 3.29 | 62.0 Mil | Cash and Equivalents |
Hana Financial Group Inc | 2.88 | 54.3 Mil | Financial Services |
AIA Group Ltd | 2.28 | 42.9 Mil | Financial Services |
Ping An Insurance (Group) Co. of China Ltd Class H | 2.20 | 41.4 Mil | Financial Services |
TotalEnergies SE | 2.05 | 38.7 Mil | Energy |
Taiwan Semiconductor Manufacturing Co Ltd ADR | 1.63 | 30.7 Mil | Technology |
H World Group Ltd ADR | 1.58 | 29.7 Mil | Consumer Cyclical |
Cholamandalam Investment and Finance Co Ltd | 1.55 | 29.3 Mil | Financial Services |