Domini Impact Bond Fund ℠ - Investor Shares

Quick Facts

Manager:

Domini Impact Investments LLC

Submanager:

Wellington Management Company LLP

Symbol:

DSBFX

CUSIP:

257132209

Fund Type:

Investment-grade bond fund subject to Domini’s social and environmental standards.

Inception Date:

6/1/2000

Net Assets:

Fund: $158.2 Million

Investor shares: $145.3 Million

as of 3/29/18

Annual Expense Ratio: 1

Gross: 1.10%

Net: 0.87%

Initial Sales Fee:

None (no-load)

Minimum Initial Investment:

$2,500 for non-retirement accounts

$1,500 for IRAs, custodial accounts and accounts opened with an automatic investment plan

Fund Distributions

Dividends:

Accumulated Daily, Distributed Monthly

Capital Gains:

Distributed Annually

Investor Shares Overview

Investment Objective

The Fund seeks to provide its shareholders with a high level of current income and total return.  

Investment Strategy

As a primary strategy, the Fund’s investment approach incorporates Domini’s social and environmental standards. 

The Fund normally invests at least 80% of its assets in investment-grade fixed-income securities, including government, corporate, mortgage-backed and asset-backed securities, and U.S. dollar-denominated bonds issued by non-U.S. entities.  The Fund maintains an effective duration within two years (plus or minus) of the portfolio duration of the securities comprising the Bloomberg Barclays U.S. Aggregate Bond Index­­.

Domini evaluates potential corporate debt instruments against social and environmental standards based on:

  • the businesses in which the issuer engages
  • the quality of its relations with key stakeholders, including communities, customers, ecosystems, employees, investors, and suppliers

With respect to noncorporate debt instruments, the Fund seeks to focus on three key themes:

  • Increasing access to capital for those historically underserved by the mainstream financial community
  • Creating public goods for those most in need
  • Filling capital gaps left by current financial practice

In particular, the Fund seeks noncorporate debt instruments that support:

  • Affordable housing
  • Small business development
  • Community revitalization
  • Rural Development
  • Education
  • The environment
  • Healthcare

Domini may determine that a security is eligible for investment even if its profile reflects a mixture of positive and negative social and environmental characteristics. Please see Domini’s Impact Investment Standards for further details.

Management

The Fund is managed through a two-step process designed to capitalize on the strengths of Domini Impact Investments and Wellington Management Company. Domini sets social and environmental guidelines and objectives for each asset class, and develops an approved universe of companies, and Wellington utilizes proprietary analytical tools to manage the portfolio. Wellington Management Company has been serving as submanager of the Fund since January 7, 2015.  Campe Goodman, CFA, is primarily responsible for the day-to-day management of the Fund, assisted by other members of Wellington Management's US broad market team.

Investor Profile

Who Should Invest

  • Investors seeking a high level of current income and total return
  • Investors seeking exposure to the bond market to diversify their portfolio
  • Investors who wish to support the Fund's responsible investment standards 

Who Should Not Invest

  • Investors unwilling or unable to accept fluctuations in share price due to risks associated with the bond market

Risks

An investment in the Domini Impact Bond Fund is not a bank deposit and is not insured. You may lose money. An investment in the Fund is also subject to credit, interest rate, liquidity, and market risks.

During periods of rising interest rates, bond funds can lose value. Some of the Fund's community development investments may be unrated and may carry greater credit risks than the Fund’s other holdings. The Fund currently holds a large percentage of its portfolio in mortgage-backed securities. During periods of falling interest rates, mortgage-backed securities may prepay the principal due, which may lower the Fund’s return by causing it to reinvest at lower interest rates.

The Fund’s investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

The Fund’s investments in TBA (To Be Announced) securities involve the risk that the security the Fund buys will lose value prior to its delivery. There also is the risk that the security will not be issued or that the other party to the transaction will not meet its obligation, which can adversely affect the Fund’s results.

The Fund may hold a substantial portion of its assets in the direct obligations of U.S. government agencies and government-sponsored entities, including Fannie Mae and Freddie Mac, and in the mortgage-backed securities of Government National Mortgage Association (Ginnie Mae), Fannie Mae, and Freddie Mac. Ginnie Mae is a wholly owned government corporation that guarantees privately issued securities backed by pools of mortgages insured by the Federal Housing Administration, the Department of Veterans Affairs, and the Department of Agriculture under the Rural Housing Service Program. Fannie Mae and Freddie Mac are government-chartered corporations whose mandate is to enhance liquidity in the secondary mortgage markets. Ginnie Maes are guaranteed by the full faith and credit of the U.S. Treasury as to the timely payment of principal and interest. Freddie Macs and Fannie Maes are backed by their respective issuer only, and are not guaranteed or insured by the U.S. government or the U.S. Treasury.

The reduction or withdrawal of historical financial market support activities by the U.S. Government and Federal Reserve, or other governments/central banks could negatively impact financial markets generally, and increase market, liquidity and interest rate risks which could adversely affect the Fund’s returns.

 

1. Domini has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Investor share expenses to 0.87% of its average daily net assets per annum until 11/30/18, absent an earlier modification by the Fund’s Board. See prospectus for details. The Fund’s performance would have been lower had these fees not been waived.

On January 7, 2015, Wellington Management Company LLP replaced Seix Investment Advisers as the subadviser of the Domini Impact Bond Fund.

Investors may meet the minimum initial investment amount by aggregating up to three separate accounts within the Institutional share class of a Fund.

The Fund may change any of the policies described above at any time.

Although the Fund’s Investor shares are no-load, certain fees and expenses apply to a continued investment and are described in the prospectus

The Fund's returns, quoted above, represent past performance after all expenses, which is no guarantee of future results. Investment return, principal value, and yield will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Each Fund charges a 2.00% redemption fee on sales or exchanges of shares made less than 30 days after the settlement of purchase or acquisition through exchange, with certain exceptions. See the applicable prospectus for further information. 

The performance quoted above does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Total return is based on the Fund’s net asset values and assumes all dividends and capital gains were reinvested. An investment in the Domini Impact Bond Fund is not a bank deposit and is not insured. You may lose money. An investment in the Fund is subject to market, sector concentration, style, and foreign investing risks. 

Performance

Investor Shares Performance

Month-End Returns as of 3/31/2018
Swipe to view table
YTD 1YR 3 YR* 5 YR* 10 YR* SINCE INCEPTION
(6/1/00)*
DSBFX -1.45% 1.53% 1.42% 1.40% 2.93% 4.08%
Bloomberg Barclays U.S. Aggregate -1.46% 1.20% 1.21% 1.83% 3.64% 4.97%

*Average annual total returns.

Quarter-End Returns as of 3/31/2018
Swipe to view table
YTD 1YR 3 YR* 5 YR* 10 YR* SINCE INCEPTION
(6/1/00)*
DSBFX -1.45% 1.53% 1.42% 1.40% 2.93% 4.08%
Bloomberg Barclays U.S. Aggregate -1.46% 1.20% 1.21% 1.83% 3.64% 4.97%

*Average annual total returns.

Calendar Year Returns
Swipe to view table
DSBFX BBUSA
2016 3.44% 2.65%
2015 -0.46% 0.55%
2014 3.74% 5.97%
2013 -1.97% -2.02%
2012 2.50% 4.21%
2011 5.85% 7.84%
2010 4.74% 6.56%
2009 5.77% 5.93%
2008 5.69% 5.24%
2007 6.00% 6.96%
2006 3.38% 4.33%
2005 1.56% 2.43%
2004 2.81% 4.34%
2003 2.31% 4.11%
2002 8.85% 10.27%
2001 8.34% 8.42%
Quarterly Returns
Swipe to view table
DSBFX BBUSA
3rd Qtr 2017 0.90% 0.85%
2nd Qtr 2017 1.61% 1.45%
1st Qtr 2017 0.80% 0.82%
4th Qtr 2016 -3.21% -2.98%
3rd Qtr 2016 1.25% 0.46%
2nd Qtr 2016 2.36% 2.21%
1st Qtr 2016 3.13% 3.03%
4th Qtr 2015 -0.51% -0.57%
3rd Qtr 2015 1.15% 1.23%
2nd Qtr 2015 -2.07% -1.68%
1st Qtr 2015 1.01% 1.61%
4th Qtr 2014 1.08% 1.79%
3rd Qtr 2014 -0.09% 0.17%
2nd Qtr 2014 1.35% 2.04%
1st Qtr 2014 1.36% 1.84%
4th Qtr 2013 -0.39% -0.14%
3rd Qtr 2013 0.68% 0.57%
2nd Qtr 2013 -2.24% -2.32%
1st Qtr 2013 -0.02% -0.12%

*Average annual total returns.

On January 7, 2015, Wellington Management Company LLP replaced Seix Investment Advisers as the subadvisor of the Domini Social Bond Fund.

Institutional shares were not offered prior to 11/30/2011. All performance information for time periods beginning prior to 11/30/2011 is the performance of the Investor shares, which has not been adjusted to reflect the lower expenses of the Institutional shares.

Annual Expense Ratio – Gross: 1.10% / Net: 0.87%. Per current prospectus. Domini has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Investor share expenses to 0.87% of its average daily net assets per annum until 11/30/18, absent an earlier modification by the Fund’s Board. See prospectus for details. The Fund’s performance would have been lower had these fees not been waived. 

Past performance is no guarantee of future results. The Fund’s returns quoted above represent past performance after all expenses. The returns reflect any applicable expense waivers in effect during the periods shown. Without such waivers, Fund performance would be lower. Investment return, principal value, and yield will fluctuate.  Your shares, when redeemed, may be worth more or less than their original cost. Select the Performance Tab above for more complete performance information, including returns current to the most recent month-end, which may be lower or higher than the performance data quoted. A 2.00% redemption fee applies on sales or exchanges of shares made less than 30 days after the settlement of purchase or acquisition through exchange, with certain exceptions. See the prospectus for further information.   

An investment in the Domini Impact Bond Fund is not a bank deposit and is not insured. You may lose money. An investment in the Domini Impact Bond Fund is subject to credit, interest rate, liquidity, and market risks. Select the Overview tab above or see the prospectus for more information on risk.

The performance above does not reflect the deduction of fees and taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Total return is based on the Fund’s net asset values and assumes all dividends and capital gains were reinvested.

Although the Domini Impact Bond Fund Investor shares are no-load, certain fees and expenses apply to a continued investment and are described in the prospectus

The Bloomberg Barclays U.S. Aggregate Index ("BBUSA") is an index representing securities that are U.S. domestic, taxable, and dollar denominated and covering the U.S. investment grade fixed rate bond market, with index components for government and corporate securities and asset-backed securities. You cannot invest directly in an index.

Holdings

Ten Largest Holdings as of 2/28/2018
ISSUER % of Portfolio
Fannie Mae TBA 30 YR (3.5% due 03/13/2048) 4.30%
Fannie Mae (5.625% due 07/15/2037) 4.20%
Ginnie Mae II TBA 30 YR (3.5% due 03/20/2048) 3.00%
Fannie Mae (1.5% due 06/22/2020) 3.00%
Fed Home LN Discount NT (0.01% due 03/21/2018) 1.90%
Ginnie Mae II TBA 30 YR (3.0% due 03/20/2048) 1.80%
Freddie Mac TBA 30 YR (3.5% due 03/13/2048) 1.70%
Federal Farm Credit Bank (2.78% due 11/02/2037) 1.40%
Fannie Mae Pool BE4435 (3.0% due 11/01/2046) 1.30%
Fed Home LN Discount NT (0.01% due 03/09/2018) 1.30%
TOTAL 23.90%
Sector Weightings as of 12/31/2017
Sector % of Portfolio
Mortgage Backed Securities 51.30%
Investment Grade Credit 30.80%
Commercial Mortgage Backed Securities 8.80%
U.S. Govt Agencies 5.80%
Bank Loans 5.60%
High Yield Credit 4.00%
Tax Exempt Municipal 2.40%
Developed Non U.S. Dollar Denom. 2.10%
Asset Backed Securities 0.60%
Emerging Market Debt 0.30%
Cash & Cash Equivalents -11.60%
Total 100%

View the most recent quarterly holdings report filed with the Securities and Exchange Commission.

Formerly the Domini European PacAsia Social Equity Fund.

View Complete Portfolio Holdings

The composition of the Fund’s portfolio is subject to change.  The Domini Funds maintain portfolio holdings disclosure policies that govern the timing and circumstances of disclosure to shareholders and third parties of information regarding the portfolio investments held by the Funds. 

Characteristics

Portfolio Composition by Credit Quality1

Swipe to view table
Aaa 5.82%
Aa 65.17%
A 8.54%
Baa 19.03%
Ba 6.45%
B 4.82%
Below B 0.24%
Cash & Cash Offsets2 -13.32%
Not Rated3 3.26%

Portfolio Statistics

Swipe to view table
DSBFX BUSA4
Total Number of Holdings5 384 9,461
Years to Worst 8.1 7.84
Effective Duration (years) 6.05 5.84

1. Credit-quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Credit-quality ratings for each issue are obtained from Moody's Investors Service (Moody's) and Standard & Poor's (S&P). When two bonds receive different ratings from Moody’s and S&P, we take the lower of the two ratings into consideration.  Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.

2. May include Cash, Cash Equivalents (defined as issued with 1 year to maturity), Trade Receivables/Payables as of the trade date (not settlement date), STIF Instruments, and derivative cash offsets.
3. Securities that are not rated by either agency are listed as "Not Rated."
4. Bloomberg Barclays U.S. Aggregate Index
5. Excludes currency forwards, currency futures, currency options and cash offsets.

The composition of the Fund’s portfolio is subject to change. View the most current list of the Domini Impact Bond Fund's holdings. The Domini Funds maintain portfolio holdings disclosure policies that govern the timing and circumstances of disclosure to shareholders and third parties of information regarding the portfolio investments held by the Funds.

The Bloomberg Barclays U.S. Aggregate Index ("BBUSA") is an index representing securities that are U.S. domestic, taxable, and dollar denominated and covering the U.S. investment grade fixed rate bond market, with index components for government and corporate securities and asset-backed securities. You cannot invest directly in an index.

Commentary

Investor Shares Performance Commentary

The Fund is managed through a two-step process designed to capitalize on the strengths of Domini Impact Investments and Wellington Management Company. Domini sets social and environmental guidelines and objectives for each asset class, and develops an approved universe of companies, and Wellington utilizes proprietary analytical tools to manage the portfolio. Wellington Management Company has been serving as submanager of the Fund since January 7, 2015.

Download Commentary as a PDF.

Total Returns as of 3/31/2018
Swipe to view table
YTD 1 YR 3 YR* 5 YR* 10 YR* SINCE INCEPTION (6/1/00)*
DSBFX -1.45% 1.53% 1.42% 1.40% 2.93% 4.08%
Bloomberg Barclays U.S. Aggregate -1.46% 1.20% 1.21% 1.83% 3.64% 4.97%

*Average annual total returns.

Market Overview

Global bond markets generated positive returns in the third quarter. Escalating geopolitical tensions between the U.S. and North Korea and serial disappointments in inflation data helped to contain the increase in sovereign yields prompted by central bank policy normalization. Generally strong economic data, a rally in commodities prices, and continued demand for yield-producing assets supported credit markets and spreads tightened further. Most developed market currencies strengthened versus the U.S. dollar as political uncertainty and continued skepticism about the U.S. Federal Reserve’s (Fed) projected rate-hiking path weighed on the greenback.

Monetary policy continued along an incrementally more hawkish path during the period. The Fed announced it would begin tapering its asset purchases starting in October and continued to project another rate hike later this year. The European Central Bank (ECB) attempted to push back against its recent currency strength which has hampered its ability to achieve higher inflation. The ECB is expected to announce details of its own tapering intentions at its October meeting. Strong growth and inflation prompted the Bank of Canada to hike rates for the first time in seven years and hint that more rate hikes may be forthcoming. Meanwhile, the Bank of England signaled it is close to hiking rates to contain surging inflation despite uncertainty about the post-Brexit outlook.

U.S. GDP growth accelerated to 3.0% in the second quarter, buoyed by consumer spending and investment. However, core inflation failed to engage higher despite ongoing health in the labor market. Eurozone economic data showed continued improvement in domestic-oriented sectors, with strength in both business and consumer confidence. Japanese GDP expanded at a 4% annualized rate in the second quarter—the fastest pace in more than three years. China’s official Purchasing Managers’ Index (PMI) improved to its strongest level in more than five years, while property sales continued to drift lower. Despite continued labor-market strength and a rebound in commodities prices, inflation data across most developed market economics remained subdued.

Fund Performance

The Fund’s Investor shares outperformed the Bloomberg Barclays U.S. Aggregate Bond Index for the third quarter, returning 0.90% vs. the benchmark’s 0.85% performance. The Fund’s exposure to agency mortgage-backed securities (MBS)—including pass-throughs and Fannie Mae (FNMA) Delegated Underwriting and Servicing (DUS) affordable housing bonds—and investment-grade credit represented the main contributors to outperformance, while its duration posture detracted from relative performance.

The Fund’s positioning within agency MBS had a favorable impact on performance during the quarter. It held an overweight to agency pass-throughs, given low interest-rate volatility and greater visibility on the Fed’s balance sheet intentions, and maintained an allocation to collateralized mortgage obligations (CMOs) and FNMA DUS bonds for their attractive income and convexity profiles. Mortgages benefitted from the extremely low level of volatility, which helped tighten spreads, and amid generally range-bound interest rates, which improved their carry. The sector’s strong performance was especially notable in light of the Fed’s September announcement that it will officially begin its balance-sheet normalization process in October.

Based on attractive valuations, the Fund also held an overweight to high-quality commercial mortgage-backed securities (CMBS), which was also additive to relative results. Most sectors of the market seemed to look past the negative retail headlines, implying that CMBS has already discounted a lot of the negative news in that space. Synthetic CMBX subordinate indices, on the other hand, came under pressure due to their exposure to lower quality shopping malls.

The submanager continued to favor high-yield credit and bank loans over investment-grade credit based on attractive valuations and low default expectations, and maintained an allocation to BB-rated high-yield issuances. Additionally, the Fund’s submanager used high-yield derivatives as a source of liquidity and to manage overall portfolio risk. The global high-yield sector generated strong gains, as generally strong economic data and a rally in commodities prices helped to offset escalating geopolitical tensions, and spreads tightened further. Bank loans also generated a positive total return, and given their floating-rate nature, they may benefit more than fixed-rate sectors from tighter U.S. monetary policy, as their coupons reset higher. High-yield and bank-loan positioning both contributed positively to the Fund’s relative returns, particularly in industrials.

Given the better opportunities in higher-yield sectors, the Fund maintained an overall underweight to investment-grade corporate bonds. Within the investment-grade sector, the Fund continued to favor taxable municipals. Generally solid corporate earnings and continued demand for yield-producing assets supported credit markets and spreads tightened further. Credit positioning was a positive contributor to relative results overall, as a negative impact from an underweight to industrials was more than offset by exposure to the banking subsector and the overweight to taxable municipals.

Within Government issues, the Fund remained positioned for rising inflation expectations, as the submanager continued to believe the market was underpricing inflation expectations. Inflation positioning was neutral for relative performance, as mixed inflation data and ongoing concerns about the domestic “reflation trade” were balanced by continued strong economic data and renewed optimism around prospects for tax reform, leading inflation-protected instruments to outperform duration-equivalent nominal Treasuries. The Fund held modest opportunistic interest-rate positions during the quarter, in both short- and long-term rates. Tactical duration positioning had a negative impact on relative performance, primarily from a tactical short position.

Community & Environmental Impact

As is true of all Domini mutual funds, all securities held in the Bond Fund meet Domini’s social and environmental standards. Non-corporate fixed-income investments offer unique opportunities to support the creation public goods, help address economic disparities, and build a more sustainable and equitable society. Domini considers bonds that address affordable housing, economic development, public education, nonprofit healthcare, and climate change to be especially impactful. As of September 30, such securities represented 68% of the Fund’s total portfolio1, as shown in the table:

Swipe to view table
HIGH-IMPACT AREA PORTFOLIO PERCENTAGE1
Affordable Housing2 52.80%
Economic Development 3.50%
High Social Impact (Healthcare, Education, etc.) 6.40%
Green Bonds 3.60%
Domini Highly Rated Corporate Obligations 1.40%
Community Development Financial Institution Certificates of Deposit 0.30%

1. Excludes cash offsets, futures and swaps

2. Affordable Housing includes affordable housing mortgage-backed securities [13.3%], derivatives (TBA or when issued securities) [17.1%], multifamily low-income rental units (FNMA DUS) [14.0%], and U.S. agency (FNMA and FHLB) general obligations [8.3%].

During the third quarter, the Fund initiated several new investments in high-impact securities, including a $500,000 investment in TD Bank Group’s inaugural green bond, which will help build projects across North America that support the transition to a low-carbon economy. This may include funding for projects in areas like renewable-energy generation, energy-efficiency management, green infrastructure and sustainable land use.

1Average annual total returns.
2Reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes.

Institutional shares were not offered prior to 11/30/12. All performance information for time periods beginning prior to 11/30/12 is the performance of the Investor shares. This performance has not been adjusted to reflect the lower expenses of the Institutional shares.

Past performance is no guarantee of future results. The Fund’s returns quoted above represent past performance after all expenses. The returns reflect any applicable expense waivers in effect during the periods shown. Without such waivers, Fund performance would be lower. Investment return, principal value, and yield will fluctuate.  Your shares, when redeemed, may be worth more or less than their original cost. Select the Performance Tab above for more complete performance information, including returns current to the most recent month-end, which may be lower or higher than the performance data quoted. A 2.00% redemption fee applies on sales or exchanges of shares made less than 30 days after the settlement of purchase or acquisition through exchange, with certain exceptions. See the prospectus for further information.   

Annual Expense Ratio – Gross: 1.10% / Net: 0.87%. Per current prospectus. Domini has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Investor share expenses to 0.87% of its average daily net assets per annum until 11/30/18, absent an earlier modification by the Fund’s Board. See prospectus for details. The Fund’s performance would have been lower had these fees not been waived. 

An investment in the Domini Impact Bond Fund is not a bank deposit and is not insured. You may lose money. An investment in the Fund is subject to credit, interest rate, liquidity, and market risks. Select the Overview tab above or see the prospectus for more information on risk.

The performance information above does not reflect the deduction of fees and taxes that a shareholder would pay on distributions or the redemption of Fund shares. Certain fees and expenses also apply to a continued investment, and are described in each Fund's prospectus. Total return is based on the Fund’s net asset values and assumes all dividends and capital gains were reinvested.

The Bloomberg Barclays U.S. Aggregate Index ("BBUSA") is an index representing securities that are U.S. domestic, taxable, and dollar denominated and covering the U.S. investment grade fixed rate bond market, with index components for government and corporate securities and asset-backed securities. You cannot invest directly in an index.

The composition of the Fund’s portfolio is subject to change. View the most current list of the Domini Impact Bond Fund holdings. The Domini Funds maintain portfolio holdings disclosure policies that govern the timing and circumstances of disclosure to shareholders and third parties of information regarding the portfolio investments held by the Funds.

This Commentary is provided for informational purposes only. Nothing herein is to be considered a recommendation concerning the merits of any noted company, or an offer of sale or a solicitation of an offer to buy shares of any Fund or company referenced herein. Such offering is only made by prospectus, which includes details as to the offering price and other material information. Please read the prospectus carefully before investing.


Prospectus & Key Documents

View or download the Domini Funds’ prospectus and other documents below. If you would like any of these documents mailed to you, free of charge, call 1-800-762-6814 (Monday to Friday, 9 a.m. - 6 p.m. EST) or fill out our online Request Information form.

Many of the documents listed below are in PDF format. To view these documents, you will need Adobe Reader software, version 4.0 or higher. If you don’t have Adobe Reader, you can download it for free at Adobe’s website.


Check the background of DSIL Investment Services LLC and its investment professionals on FINRA's BrokerCheck.

Before investing, consider the Domini Funds’ investment objectives, risks, charges, and expenses. View or order a prospectus. Read it carefully.

The Domini Funds are distributed by DSIL Investment Services LLC (DSILD), Member FINRA. Domini Impact Investments LLC (Domini) is the Funds’ investment manager. The Funds are subadvised by Wellington Management Company LLP. DSILD and Domini are not affiliated with Wellington Management Company LLP.

Eye iconEye slash icon