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American Funds
Developing World
Growth and Income FundSM

Prospectus Supplement

June 1, 2019

(for prospectus dated February 1, 2019,
as supplemented to date)

 

 

 

1. The table under the heading “Portfolio managers” in the “Management” section of the prospectus is amended in its entirety to read as follows:

 

Portfolio manager/
Fund title (if applicable)
Portfolio
manager
experience
in this fund
Primary title
with investment adviser
Noriko H. Chen Senior Vice President 5 years Partner – Capital International Investors
F. Chapman Taylor Senior Vice President 5 years Partner – Capital International Investors
Victor D. Kohn Less than 1 year Partner – Capital International Investors

 

2. The table under the heading “The Capital SystemSM” in the “Management and organization” section of the prospectus is amended in its entirety to read as follows:

 

Portfolio manager Investment
experience
Experience
in this fund
Role in
management
of the fund
Noriko H. Chen Investment professional for 28 years in total;
20 years with Capital Research and Management Company or affiliate
5 years Serves as an equity portfolio manager
F. Chapman Taylor Investment professional for 28 years in total;
25 years with Capital Research and Management Company or affiliate
5 years Serves as an equity portfolio manager
Victor D. Kohn Investment professional for 35 years in total;
33 years with Capital Research and Management Company or affiliate
Less than 1 year Serves as an equity portfolio manager

 

Keep this supplement with your prospectus.

 

 

Lit. No. MFGEBS-325-0619P Printed in USA CGD/AFD/10039-S74423

 

THE FUND MAKES AVAILABLE A SPANISH TRANSLATION OF THE ABOVE PROSPECTUS SUPPLEMENT IN CONNECTION WITH THE PUBLIC OFFERING AND SALE OF ITS SHARES. THE ENGLISH LANGUAGE PROSPECTUS SUPPLEMENT ABOVE IS A FAIR AND ACCURATE REPRESENTATION OF THE SPANISH EQUIVALENT.

 

/s/ MICHAEL W. STOCKTON
  MICHAEL W. STOCKTON
  SECRETARY

 

 

American Funds Developing World Growth
and Income FundSM

Statement of Additional

Information Supplement

June 1, 2019

(for statement of additional information dated
February 1, 2019, as supplemented to date)

 

 

The table under the heading “Portfolio manager fund holdings and other managed accounts” in the “Management of the fund” section of the statement of additional information is amended in its entirety to read as follows. Except as indicated below the table, footnotes remain unchanged.

 

The following table reflects information as of November 30, 2018:

Portfolio
manager
Dollar range
of fund
shares
owned1
Number
of other
registered
investment
companies (RICs)
for which
portfolio
manager
is a manager
(assets of RICs
in billions)2
Number
of other
pooled
investment
vehicles (PIVs)
for which
portfolio
manager
is a manager
(assets of PIVs
in billions)2
Number
of other
accounts
for which
portfolio
manager
is a manager
(assets of
other accounts
in billions)2,3
Noriko H. Chen $100,001 – $500,000 2 $119.7 2 $4.51 None
F. Chapman Taylor Over $1,000,000 1 $2.3 3 $1.78 14 $0.21
Victor D. Kohn5 $100,001 - $500,000 1 $2.3 5 $3.12 26 $1.08
5Information is as of March 31, 2019.
6The advisory fee of one of these accounts (representing $0.89 billion in total assets) is based partially on its investment results.

 

 

  

Keep this supplement with your statement of additional information.

 

  

Lit. No. MFGEBS-328-0619O CGD/10149-S74426