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15 important things you should know about American Funds DWGCX mutual fund

Updated: January 27, 2021
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for DWGCX “stock” price, you can quickly find it out by visiting Finny and typing "DWGCX quote". If you’re looking for a quick scoop on DWGCX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "DWGCX". You’ll get all this info in one place.

Are you looking to buy or sell DWGCX? Or perhaps you’re looking for DWGCX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this DWGCX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: DWGCX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: DWGCX buy or sell; the pros and cons of investing in DWGCX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to DWGCX.

And here is the list of questions we’ll answer:

  1. Describe American Funds Developing World Growth and Income Fund; Class C Shares (DWGCX).
  2. What are DWGCX holdings?
  3. What is DWGCX performance? What are DWGCX historical returns?
  4. How many up and down years did DWGCX have historically?
  5. What is DWGCX dividend yield?
  6. What is DWGCX minimum initial investment amount?
  7. What is DWGCX expense ratio?
  8. Does DWGCX have any sales loads or 12b-1 distribution expenses?
  9. What is DWGCX tax efficiency (tax-cost ratio)?
  10. What is DWGCX beta? How would you assess DWGCX risk?
  11. What is DWGCX Sharpe ratio?
  12. What is DWGCX Finny Score? DWGCX buy or sell?
  13. What are the pros of investing in DWGCX? What are DWGCX buy reasons?
  14. What are the cons of investing in DWGCX? What are DWGCX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Funds Developing World Growth and Income Fund; Class C Shares (DWGCX).

The Fund seeks long-term growth of capital while providing current income. The Fund will invest at least 80% of its assets in securities of attractively-valued companies in developing markets with strong earnings that pay dividends. The Adviser expects the countries to be in any of the MSCI emerging markets indices.

2. What are DWGCX top holdings?

DWGCX has 95 stock holdings and 2 bond holdings.

The top 10 holdings represent 28.65% of total assets. Here are the top holdings:

Name Symbol % Assets
Tencent Holdings Ltd 00700 4.58%
BeiGene Ltd ADR BGNE 3.67%
Ping An Insurance (Group) Co. of China Ltd Class H 02318 3.29%
Longfor Group Holdings Ltd 00960 3.26%
Taiwan Semiconductor Manufacturing Co Ltd 2330.TW 2.72%
China Resources Land Ltd 01109 2.49%
Alibaba Group Holding Ltd Ordinary Shares 09988 2.36%
China Overseas Land & Investment Ltd 00688 2.23%
Yandex NV Shs Class-A- YNDX 2.04%
PT Bank Mandiri (Persero) Tbk BMRI 2.01%

3. What is DWGCX performance? What are DWGCX historical returns?

DWGCX has generated the following returns:

  • 1-month return is 8.46%;
  • 3-month return is 20.98%;
  • 1-year return is 20.98%;
  • 3-year return is 4.49%;
  • 5-year return is 13.37%.

4. How many up and down years did DWGCX have historically?

In the last 10 years, DWGCX had 7 up years and 2 down years.

DWGCX up and down years

5. What is DWGCX dividend yield?

DWGCX yield is 0.32%.

6. What is DWGCX minimum initial investment amount?

DWGCX minimum initial investment amount is $1.00K.

7. What is DWGCX expense ratio?

DWGCX expense ratio is 2.06%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

DWGCX expenses

8. Does DWGCX have any sales loads or 12b-1 distribution expenses?

DWGCX 12b-1 distribution fee is 1. DWGCX front-end sales load is 0. DWGCX back-end sales load is 1.

9. What is DWGCX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.15%;
  • 3-year ax cost ratio is 0.26%.
DWGCX tax costs

10. What is DWGCX beta? How would you assess DWGCX risk?

  • 3-year beta is 1.08;
  • 5-year beta is 1.04.
DWGCX Beta

11. What is DWGCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.03;
  • 5-year Sharpe ratio is 0.29.
DWGCX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 5 reasons to sell it, resulting in the Finny Score of 0.

13. What are the pros of investing in DWGCX? What are DWGCX buy reasons?

We don't see any strong reasons to buy DWGCX.

14. What are the cons of investing in DWGCX? What are DWGCX negatives?

The following are DWGCX weaknesses from our perspective:

  • DWGCX net assets are $90.50 million. This fund is not a popular choice with retail investors.
  • DWGCX 3-year return is 4.49%, which is lower than the 3-year return of the benchmark index (MSCI EM NR USD), 6.49%.
  • DWGCX 5-year return is 13.37%, which is lower than the 5-year return of the benchmark index (MSCI EM NR USD), 17.1%.
  • DWGCX expense ratio is 2.06%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
In the DWGCX review, we covered DWGCX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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