Account Servicing FAQs
Social Investment Standards FAQs
Account Servicing Questions
How do I get in touch with my wholesaler?
To get in touch with Domini’s sales team call 1-800-498-1351, or send an email to email@example.com
What is the minimum initial investment?
The minimum initial investment in the Domini Funds is $2,500 for regular accounts ($1,500 if using our Automatic Investment Plan), $1,500 for Retirement Accounts, $1,000 for UGMA/UTMA Accounts, and $1,000 for Coverdell Education Savings Accounts.
What type of accounts does Domini offer for minors?
Domini Social Investments offers a Unified Gift/Transfer to Minor (UGMA/UTMA) account that allows your clients to set aside money specifically for a child's future. In addition we also offer Coverdell Education Savings Accounts (formerly known as Education IRAs).
How are taxes handled in a joint tenancy account?
Every application requires inclusion of a tax identification number. The individual or business whose number is listed on the application is responsible for any tax liabilities generated from that account from dividends and redemptions. If one of the joint tenants dies, all income from the account goes to the surviving tenants and not to the estate of the deceased tenant.
When is tax information made available?
Annually, the Funds provide the previous year’s dividend and capital gains distributions, proceeds from the sale of shares, and distributions from IRAs or other retirement accounts as required by the IRS. These are generally mailed in January.
Does Domini offer dollar-cost averaging?
Yes. The Domini Automatic Investment Plan (AIP) is a convenient plan which allows your clients to pursue a dollar-cost averaging strategy. Participation in the plan involves continuous investment in the Fund regardless of fluctuating price levels of the Fund. Therefore, you should consider your clients’ financial ability to continue purchases through periods of low price levels. This is a long-term strategy, and does not guarantee a lower price per share.
Dollar-cost averaging is an investment strategy designed to avoid the pitfalls of market timing by investing equal amounts of money at regular intervals (monthly, quarterly, and so on) over a long period of time. The advantage of dollar-cost averaging is that an investor buys more shares at lower prices, and fewer shares at higher prices. As a result, an investor ends up paying an average price per share over a period of time. The key to dollar-cost averaging is to stick with it for the long term, through periods of rising and falling markets. Of course, no strategy can guarantee a profit, or protect your investment from losses. Strictly adhering to a long-term dollar-cost averaging strategy, however, is a good way to avoid the mistake of investing all of your money when the market is high.
What is your Automatic Investment Plan?
The Domini Automatic Investment Plan allows your client to have specified amounts automatically deducted from their bank account or Domini Money Market Account and invested in a Fund in monthly, quarterly, semi-annual, or annual intervals. Please follow the instructions in the Account Application to establish this service when you open their account. This service can be established for your client’s account at any time. Your Service Organization may charge you a fee to participate in an automatic investment plan. Call your Service Organization, or, if you do not have a brokerage account with a Service Organization, the Fund at 1-800-498-1351, for more information.
This service may take up to 4 weeks to begin. Also, due to the varying procedures to prepare, process and forward the bank withdrawal information to the Funds, there may be periodic delays between the time of the bank withdrawal and the time your money reaches the appropriate Fund.
When are dividends and capital gains paid out?
Each Fund pays to its shareholders substantially all of its net income in the form of dividends. Dividends from net income (excluding capital gains), if any, are typically paid by the Domini equity funds semi-annually (usually in June and December), and by the Domini Social Bond Fund monthly. Any capital gain dividends are distributed annually in December.
Social Investment Standards Questions
What are social investment standards?
All investment decisions rely on the application of standards, screens, or criteria. These guidelines define which securities will be included in a portfolio, and which will be excluded. The securities held in the Domini Funds are selected using social and environmental standards. These are standards that assess the impact of a company's behavior and products on communities, employees, and the environment. Visit our Global Investment Standards
section to learn more.
What are your social investment standards?
Two fundamental principles underlie our investment standards: the promotion of a society that values human dignity and the enrichment of our natural environment. We view these twin goals as crucial to a healthier, wealthier, and more sustainable world. Visit our Global Investment Standards
section to learn more.
Are there companies my client won’t like in the Domini Funds?
By including a company in a fund’s portfolio, we are not endorsing it as having a completely positive social impact. Indeed, there are few perfect companies in the world.
We will invest in companies with a combination of controversies and praiseworthy initiatives when we feel that, on balance, progress is being made toward long-term benefits for society or the environment. We seek to exclude from our funds companies with mixed records where negatives substantially outweigh the positives. Nevertheless, there are a wide variety of companies in our funds’ portfolios that have mixed records, and some may be involved in substantial controversies from time to time.
By using social and environmental standards to make investment decisions, socially responsible investors are stimulating demand for powerful global corporations to pay close attention to these issues and to disclose their policies and performance in these areas. An increased level of transparency is critical to establishing a higher level of corporate accountability.
You may wish to review a list of the companies in the portfolio to decide if they meet your client’s standards. We post each fund’s complete portfolio holdings on our website on a quarterly basis. Visit each fund’s “Portfolio” page to view the list. The complete list is also available in the Funds’ Annual and Semi-Annual Reports.
Visit our Global Investment Standards
section to learn more about how our holdings are selected.
At Domini, in addition to applying social and environmental standards to all of our investments, we seek to work with companies in which our Funds have invested to improve their social and environmental performance through dialogue with corporate management on these issues when appropriate. In addition, we seek to vote all company proxies in accordance with published guidelines covering a wide range of social, environmental, and corporate governance matters. Visit our Shareholder Activism
section to learn more.