Domini Impact Equity Fund ℠ - Institutional Shares

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as of 11/30/2021

Quick Facts

$36.07

Daily Price (NAV)
Symbol
DIEQX
Daily NAV Change
$-0.61 (-1.66%)

Adviser

Domini Impact Investments LLC

Subadviser

SSGA Funds Management, Inc.

CUSIP

257132852

Fund Type

Core U.S. stock market exposure through diversified mid- to large-cap domestic equities

Fund Objective

Long-term total return

Inception Date

Fund: 6/3/91
Institutional shares: 11/28/08

Net Assets

Fund: $1,063.8 million
Institutional shares: $149.8 million
as of 9/30/21

Annual Expense Ratio 1

Gross/Net: 0.74%

Per current prospectus.

Front-End Sales Charge (Load)

None

Minimum Initial Investment 2

$500,000

Fund Distributions

Dividends

Distributed quarterly

Capital Gains

Distributed annually

Institutional shares are available to investors that meet the minimum investment requirements, have been approved by the distributor, and fall within the following categories: endowments, foundations, religious organizations and other nonprofit entities, individuals, retirement plan sponsors, family office clients, private trusts, certain corporate or similar institutions, or omnibus accounts maintained by financial intermediaries. Please see the Fund's prospectus for further details, or call 1-800-498-1351.

Fund Fact Sheet

Overview

While pursuing their financial objectives, impact investors seek to use their investments to create a more fair and sustainable world. The Domini Impact Equity Fund is a diversified stock portfolio seeking long-term total return consistent with the promotion of universal human dignity and ecological sustainability.

Investment Strategy

The Fund combines two investment management strategies: "Core" and "Thematic Solutions."

Core invests in a diversified selection of mid- to large-capitalization U.S. companies that demonstrate peer-relative environmental and social leadership, as determined by Domini's in-depth research and analysis of each company's impact.

Thematic Solutions adds opportunistic exposure to a select number of solution-oriented companies of any size in which Domini has strong long-term conviction. Through Thematic Solutions, we seek to support the following sustainability themes:

  • Accelerate the transition to a low-carbon future
  • Contribute to the development of sustainable communities
  • Help ensure access to clean water
  • Support sustainable food systems
  • Promote societal health and well-being
  • Broaden financial inclusion
  • Bridge the digital divide and expand economic opportunity

Under normal market conditions, Domini expects to allocate approximately 80-95% of the Fund’s net assets to Core and the remaining 5-20% to Thematic Solutions.

Domini’s Founder and Chair, Amy Domini, and CEO, Carole Laible, serve as the Fund’s co-portfolio managers. They are supported by a dedicated team of impact-investment research and financial analysts. SSGA Funds Management serves as the Fund’s submanager, responsible for implementing Domini’s investment instructions for both of the Fund’s strategies and managing its cash needs.

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Impact Investment Standards

Domini evaluates the Fund’s current and potential investments against its social and environmental standards based on the businesses in which they engage, as well as on the quality of their relations with key stakeholders, including communities, customers, ecosystems, employees, investors, and suppliers.

Domini may determine that a security is eligible for investment even if a corporation’s profile reflects a mixture of positive and negative social and environmental characteristics.

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Engagement

The Fund also advances its social and environmental objectives through proxy voting, dialogue with corporations, and the filing of shareholder resolutions

Investor Profile

Who should invest?

  • Investors seeking long-term growth of capital
  • Investors committed to the Fund's social and environmental investment standards

Who should not invest?

  • Investors unwilling or unable to accept moderate to significant fluctuations in share price

Risks

The Domini Impact Equity Fund is subject to certain risks including impact investing, portfolio management, information, market, recent events, and mid- to large-cap companies risks. The Adviser’s evaluation of environmental and social factors in its investment selections and the timing of the Subadviser’s implementation of the Adviser’s investment selections will affect the Fund’s exposure to certain issuers, industries, sectors, regions, and countries and may impact the relative financial performance of the Fund depending on whether such investments are in or out of favor. The value of your investment may decrease if the Adviser’s or Subadviser’s judgement about Fund investments does not produce the desired results. There is a risk that information used by the Adviser to evaluate environmental and social factors, may not be readily available or complete, which could negatively impact the Adviser’s ability to evaluate such factors and Fund performance.

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

Note: Effective December 1, 2018, Domini Impact Investments LLC directly selects the Fund's investments. SSGA Funds Management, Inc. ("SSGA") serves as the Fund's subadviser to purchase and sell securities to implement Domini's investment instructions and manage the Fund's short-term investments.

1. The Adviser has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Institutional share expenses to 0.74% through November 30, 2022, absent an earlier modification by the Fund's Board.

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

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

The Fund's returns, quoted below, 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. See the applicable prospectus for further information.

The performance quoted 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.

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Performance

Institutional Shares Performance

Month-End Returns as of 10/31/2021
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YTD 1YR 3 YR* 5 YR* 10 YR*
DIEQX 20.45% 39.21% 24.99% 18.56% 14.35%
S&P 500 Index 24.04% 42.91% 21.48% 18.93% 16.21%
Quarter-End Returns as of 9/30/2021
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YTD 1YR 3 YR* 5 YR* 10 YR*
DIEQX 11.46% 25.20% 18.51% 16.24% 14.67%
S&P 500 Index 15.92% 30.00% 15.99% 16.90% 16.63%
Calendar Year Returns

DIEQX S&P 500

2020

 31.09% 18.40%

2019

 32.08% 31.49%

2018

 -8.72% -4.38%
Quarterly Returns
DIEQX S&P 500
3rd Qtr 2021 0.18% 0.58%
2nd Qtr 2021 9.02% 8.55%
1st Qtr 2021 2.06% 6.17%
4th Qtr 2020 12.33% 12.15%

*Average annual total returns.


NOTE: The Fund's current investment strategy commenced on December 1, 2018 with SSGA Funds Management, Inc as its subadviser. Performance information for periods prior to December 1, 2018 reflects the investment strategies employed during those periods.

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. See the prospectus for further information.

The Domini Impact Equity Fund is subject to certain risks including impact investing, portfolio management, information, market, recent events, and mid- to large-cap companies risks. You may lose money. 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.

The Standard & Poor’s 500 Index (S&P 500) is an unmanaged index of common stocks. Investors cannot invest directly in the S&P 500.

Although the Domini Impact Equity Fund Institutional shares are no-load, certain fees and expenses apply to a continued investment and are described in the prospectus. The composition of the Fund's portfolio is subject to change.

Annual Expense Ratio: Net: 0.74%/ Gross: 0.74%. Per current prospectus.

The Fund’s adviser has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Institutional share expenses 0.74% through November 30, 2022. There can be no assurance that the Adviser will extend the expense limitations beyond such time. While in effect, the arrangement may be terminated for a class only by agreement of the Adviser and the Fund’s Board of Trustees.

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Holdings

Top Ten Portfolio Holdings as of 10/31/2021
Security Weight
Microsoft Corporation 7.47%
Apple Inc. 7.13%
Alphabet Inc. (Class A) 5.16%
Amazon.com, Inc. 4.45%
Tesla, Inc. 2.95%
Nvidia Corporation 1.83%
The Home Depot, Inc. 1.19%
Visa Inc. (Class A) 1.08%
Bank of America Corporation 1.07%
Procter & Gamble Company 1.05%
Total 33.39%
GICS Sector Weightings as of 9/30/2021
Sector Weight
Information Technology 36.30%
Consumer Discretionary 13.20%
Health Care 12.70%
Communication Services 11.20%
Financials 9.50%
Industrials 6.80%
Consumer Staples 5.60%
Real Estate 2.60%
Materials 1.60%
Utilities 0.50%
Total 100.00%

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

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.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”) and is licensed for use by Domini Impact Investments. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification nor shall any such party have any liability therefrom.

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Characteristics

Portfolio Overview

Investment Style:

Blend

Weighted Average Market Capitalization:

Large
Portfolio Statistics* as of 9/30/2021
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Fund S&P 500 Index
Number of Holdings 342 505
Annual Turnover (as of July 31, 2021)** 23% -
Weighted-Average Market Cap ($M) 604,444 563,694
Median Market Cap ($M) 38,993 30,680
Price/Book Ratio 5.5x 4.5x
Price/Earnings Ratio (Trailing 12 Months) 28.8x 25.8x
Return on Equity (Trailing 12 Months) 19.6% 16.9%
Tracking Error (1-Year Projected) 2.5% -
Beta (1-Year Projected) 0.99 -

*Source: Bloomberg Portfolio Risk & Analytics, except as noted by **. All characteristics are as of September 30, 2021, unless otherwise noted.

The Fund's current investment strategy commenced on December 1, 2018 with SSGA Funds Management, Inc as its subadviser. 6/30/2021 statistics are provided by Wellington Management as calculated by its proprietary portfolio management systems and reflects the investment strategies employed during those periods.

Definitions

The Price/Earnings Ratio is a stock’s current price divided by the company’s trailing 12-month earnings per share.

The Price/Book Ratio is used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. The P/E and P/B ratio of a fund is the weighted average of the price/earnings and price/book ratios of the underlying stocks in a fund’s portfolio.

R-squared measures how a fund’s performance correlates with a benchmark index’s performance and shows what portion of it can be explained by the performance of the overall market/index. R-squared ranges from 0, meaning no correlation, to 1, meaning perfect correlation.

Beta is a measure of the volatility of a fund relative to its benchmark index. A beta greater (less) than 1 is more (less) volatile than the index.

The composition of the Fund’s portfolio is subject to change. View the most current list of the Domini Impact Equity 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 Standard & Poor’s 500 Index (S&P 500) is an unmanaged index of common stocks. You cannot invest directly in an index.

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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.

DSIL Investment Services LLC (DSILD) distributor, Member FINRA.

Domini Impact Investments LLC (Domini) is the Funds’ investment manager. The Funds are subadvised by unaffiliated entities.

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