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Mon, 04/11/2005 - 13:00 | by admin
AMY DOMINI HONORED BY TIME MAGAZINE
April 11, 2005
AMY DOMINI HONORED BY TIME MAGAZINE
Founder and CEO of Domini Social Investments Named One of 100 Most Influential People of 2005
New York, NY – Amy Domini, founder and CEO of Domini Social Investments, has been named one of the 100 most influential people in the world in the current issue of Time magazine. Listed in the Time 100 for 2005, Ms. Domini is honored for her work as a pioneer in socially responsible investing.
Amy Domini has been called an “All-Star” of the mutual fund industry (Barron’s), “the first lady of social investing” (Philadelphia Inquirer), and a “capitalist with a heart” (Morningstar). She was named to the Time 100 “Next Wave” list in 2000, when Time honored her as an innovator of finance and called her “a capitalist tool from a different mold.”* She is the author of books including Socially Responsible Investing: Making a Difference and Making Money, The Challenges of Wealth, and Ethical Investing.
The 2005 Time 100 list includes Meg Whitman, Barack Obama, Steve Jobs, the Dalai Lama, Oprah Winfrey, Viktor Yushchenko, and Jon Stewart.
“I am grateful to be honored by Time magazine, and for the opportunity to spread the message of social investing to the large audience that Time reaches,” Ms. Domini said. “I consider this an honor for all of us in the social investing community who have dedicated ourselves to the simple idea that we can build a better future through our investments and that it is possible to make a difference and make money at the same time.”
The Domini 400 Social Index was created by Amy Domini and colleagues to determine whether social investing could perform as well as conventional investing. Morningstar calls the Domini Social Equity Fund, whose portfolio is based on this index, “a fine core holding for socially conscious investors.”**
About Amy Domini
Ms. Domini’s involvement in social investing began in 1980 when she was working as a stockbroker. One of her clients, an avid birdwatcher, was uncomfortable investing in a paper company that used a highly toxic defoliant that endangered birds. Other investors wanted to avoid the stocks of tobacco companies and defense contractors.
Ms. Domini soon became a passionate proponent of socially responsible investing. In 1990, she and her colleagues introduced the Domini 400 Social Index, an index of 400 primarily large-cap U.S. corporations selected according to a wide range of social and environmental criteria. Ms. Domini then founded the Domini Social Equity Fund and later launched Domini Social Investments. Over time, the Domini 400 Social Index provided a track record that demonstrated that it is possible to achieve competitive returns while incorporating social and environmental standards into the investment process.
Ms. Domini serves on the board of the Church Pension Fund of the Episcopal Church in America. She is a past board member of the National Association of Community Development Loan Funds, an organization whose members work to create funds for grassroots economic development loans, and the Interfaith Center on Corporate Responsibility, the major sponsor of shareholder actions. She is a member of the Boston Security Analysts Society.
About Domini Social Investments
Domini Social Investments manages more than $1.8 billion in assets for individual and institutional mutual fund investors seeking to create positive change in society by integrating social and environmental criteria into their investment decisions. Its flagship fund, the Domini Social Equity Fund (NASDQ: DSEFX), is the first and largest index fund to use social, environmental, and corporate governance standards. The Fund seeks to include companies with positive records in community involvement, the environment, diversity, and employee relations, and excludes companies deriving significant revenues from alcohol, tobacco, gambling, nuclear power, and weapons contracting. In addition to the Domini Social Equity Fund, the company also offers the intermediate-term Domini Social Bond Fund (NASDQ: DSBFX) and an FDIC-insured money market account (in partnership with ShoreBank), both of which focus on community economic development.
Additional information on Domini Social Investments is available on the firm’s website,www.domini.com. Domini’s Proxy Voting Guidelines & Procedures booklet is also available free of charge by calling 1-800-762-6814.
*Sources: Barry Henderson and Sandra Ward, “All-Stars: A Look at the Fund World’s Heaviest Hitters,”Barron’s, January 10, 2000; Miriam Hill, “A Career Invested in Conscience,” Philadelphia Inquirer, May 28, 2000; Emily Hall, “WomenInvesting: Amy Domini: Capitalist with a Heart,” Morningstar.com, August 6, 2000; “Time 100: The Next Wave,” Time, February 21, 2003.
**Source: Morningstar: “Morningstar’s Take,” Analyst Report dated February 16, 2005.
Each investor should consider the Domini Funds’ investment objectives, risks, charges, and expenses carefully before investing. Obtain a copy of the Funds’ current prospectus for more complete information on these and other topics by calling 1-800-762-6814 or atwww.domini.com. Please read the prospectus carefully before investing or sending money.
The Domini Funds are subject to market risks and are not insured. You may lose money. The Domini 400 Social Index and the Standard & Poor’s 500 Index are unmanaged indexes of common stocks. You cannot invest directly in an index.
Some of the Domini Social Bond Fund’s community development investments may be unrated and carry greater credit risks than its other investments. The Domini Social Bond Fund currently holds a large percentage of its portfolio in mortgage-backed securities. During periods of falling interest rates these securities may prepay the principal due, which may lower the Fund’s return by causing it to reinvest at lower interest rates. KLD is the owner of the Domini 400 Social IndexSM ("the Index"). KLD determines the composition of the Index but is not the manager of the Domini Social Index Portfolio, the Domini Social Equity Fund, or the Domini Institutional Social Equity Fund.
DSIL Investment Services, Distributor (DSILD). DSILD and ShoreBank are not affiliated. 04/05