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American Funds Developing World Growth and Income Fund Class A DWGAX

Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.

Fund and replication metrics

DWGAX compared with its replication portfolio
MeasureDWGAXReplication
Annualized growth6.0%7.1%
Annualized volatility16.7%14.8%
Sharpe ratio0.430.54
Maximum drawdown35.9%28.9%
Replication fit (R²)0.89 · Tracking error 5.6%

Replication portfolio

The published portfolio below is the investable basket used to model DWGAX’s historical return behavior.

DWGAX replication basket weights
TickerBuilding blockWeight
VWOEmerging Markets74.3%
VEAIntl · Developed17.0%
MTUMFactor · Momentum5.0%
EFGIntl · Growth3.7%