Domini Selects New Submanager for Bond FundSocially Responsible Investment Firm Chooses Seix Advisors to Submanage Bond Fund That Helps Communities
New York, NY – Domini Social Investments LLC, a leading manager of socially responsible mutual funds, has chosen Seix Advisors as submanager of its Domini Social Bond Fund (NASDQ: DSBFX).
“Seix Advisors stood out for several reasons: its solid and consistent performance record, its low manager turnover, and its depth,” said Carole Laible, Chief Operating Officer of Domini Social Investments. “Seix also demonstrated a strong commitment to the Fund’s community development mission.”
Seix Advisors was founded in 1992 by its CEO and CIO, Christina Seix. It has $23 billion in fixed-income assets. Seix Advisors currently manages 45 accounts subject to various social standards, totaling $5 billion. The company will begin submanaging the Domini Social Bond Fund on March 1, 2005.
About the Domini Social Bond Fund
Launched in June 2000, the Domini Social Bond Fund is an intermediate-term investment-grade bond fund that devotes up to 10% of its portfolio to direct investments in community economic development. In addition, the Fund invests in mortgage-backed securities issued by institutions like Fannie Mae, Freddie Mac, and Ginnie Mae, which play a vital role in providing liquidity in the secondary mortgage market for affordable housing. It also invests in bonds issued by corporations that meet the Fund’s social and environmental standards, and in bonds issued by states and municipalities for a variety of revitalization efforts. As of December 31, 2004, the Fund had grown to more than $64 million in assets.
About Domini Social Investments
Domini Social Investments manages more than $1.9 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’s holdings are subject to comprehensive social and environmental criteria designed to measure corporate performance in areas including community involvement, the environment, diversity, employee relations and product safety and usefulness. The Fund seeks to exclude companies deriving significant revenues from alcohol, tobacco, gambling, nuclear power, and weapons contracting.
Additional information on socially responsible investing, Domini Social Investments, and the Domini Social Bond Fund is available on the firm’s website, www.domini.com, or by calling 1-800-762-6814.