Domini Impact Equity Fund ℠ - Class R Shares

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Quick Facts

$23.11

Daily Price (NAV)
Symbol
DSFRX
Daily NAV Change
$0.02 (0.09%)

Manager:

Domini Impact Investments LLC

Submanager:

Wellington Management Company LLP

Symbol:

DSFRX

CUSIP:

257132308

Fund Type:

Diversified large-cap equity, socially screened.

Inception Date:

Fund: 6/3/91

Class R shares: 11/28/03

Net Assets:

Fund: $817.1 Million

Class R shares: $18.9 Million

as of 9/30/18

Annual Expense Ratio: 1

Gross and Net: 0.80%

Initial Sales Fee:

None (no-load)

Minimum Initial Investment:

N/A

Fund Distributions

Dividends:

Quarterly

Capital Gains:

Annually

Class R Shares Overview

Class R shares are available for certain qualified retirement plans. Please see the Fund's prospectus for further details, or call 1-800-498-1351.

Socially and environmentally concerned investors have social, as well as financial, objectives. The Domini Impact Equity Fund seeks to meet these objectives by offering a diversified stock portfolio for long-term capital appreciation that is consistent with social and environmental priorities.

Investment Objective

The Fund seeks to provide its shareholders with long-term total return.

Investment Strategy

The Fund invests primarily in stocks of U.S. companies that meet Domini Impact Investments’ social and environmental standards.

Subject to these standards, Wellington Management Company, LLP, the Fund’s subadvisor, seeks to add value using a diversified quantitative stock selection approach, while managing risk through portfolio construction.

Shareholder Activism

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

Social and Environmental 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.

Investor Profile

Who Should Invest:

  • Investors seeking long-term growth of capital.
  • Investors committed to the Fund's socially responsible investment standards.

Who Should Not Invest:

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

Risks

An investment in the Domini Impact Equity Fund is not a bank deposit and is not insured. You may lose money. An investment in the Fund is also subject to market, sector concentration, style, and foreign investing risks. Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing security regulations and accounting standards, limited public information, possible changes in taxation, and periods of illiquidity. 

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 risk which could adversely affect the Fund’s returns.

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

Note: On 11/30/06, the Fund, formerly an index fund, transitioned to an active management strategy.

Although the Fund's R 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.

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 Equity 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.

Class R Shares Performance

Month-End Returns as of 10/31/2018
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YTD 1YR 3 YR* 5 YR* 10 YR*
DSFRX -2.69% 0.09% 6.58% 7.02% 11.21%
S&P 500 3.01% 7.35% 11.52% 11.34% 13.24%

*Average annual total returns.

Quarter-End Returns as of 9/30/2018
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YTD 1YR 3 YR* 5 YR* 10 YR*
DSFRX 5.65% 11.01% 11.83% 9.74% 9.95%
S&P 500 10.56% 17.91% 17.31% 13.95% 11.97%

*Average annual total returns.

Calendar Year Returns
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DSFRX S&P 500
2017 15.85% 21.83%
2016 11.55% 11.96%
2015 -6.91% 1.38%
2014 14.25% 13.69%
2013 33.30% 32.39%
2012 11.75% 16.00%
2011 0.96% 2.11%
2010 14.36% 15.06%
2009 36.14% 26.46%
2008 -37.81% -37.00%
2007 1.87% 5.50%
2006 12.88% 15.79%
2005 2.38% 4.91%
2004 9.62% 10.88%
2003 27.09% 28.69%
2002 -20.69% -22.10%
2001 -12.76% -11.88%
2000 -15.05% -9.11%
1999 22.63% 21.04%
1998 32.99% 28.58%
1997 36.02% 33.36%
1996 21.84% 23.07%
1995 35.17% 37.50%
1994 -0.36% 1.26%
1993 6.54% 10.08%
1992 12.10% 7.68%
Quarterly Returns
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DSFRX S&P 500
2nd Qtr 2018 -0.10% -3.43%
1st Qtr 2018 -0.77% -0.76%
4th Qtr 2017 5.07% 6.64%
3rd Qtr 2017 4.51% 4.48%
2nd Qtr 2017 0.35% 3.09%
1st Qtr 2017 5.13% 6.07%
4th Qtr 2016 4.06% 3.82%
3rd Qtr 2016 7.63% 3.85%
2nd Qtr 2016 -1.84% 2.46%
1st Qtr 2016 1.47% 1.35%
4th Qtr 2015 2.43% 7.04%
3rd Qtr 2015 -8.29% -6.44%
2nd Qtr 2015 -2.11% 0.28%
1st Qtr 2015 1.23% 0.95%
4th Qtr 2014 3.33% 4.93%
3rd Qtr 2014 1.58% 1.13%
2nd Qtr 2014 5.79% 5.23%
1st Qtr 2014 2.89% 1.81%
4th Qtr 2013 9.59% 10.51%
3rd Qtr 2013 7.22% 5.24%
2nd Qtr 2013 2.85% 2.91%
1st Qtr 2013 10.30% 10.61%

*Average annual total returns.

On 11/30/06, the Fund changed to an active management strategy. Past performance through 11/29/06 represents the former passive investment strategy, and is not indicative of future results. Class R shares were not offered prior to November 28, 2003. All performance information for the portion of the period prior to November 28, 2003 is the performance of the Investor shares and has not been adjusted to reflect the expenses of the Class R shares. 

Annual Expense Ratio:0.80%. Per current prospectus.

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 Equity Fund is not a bank deposit. The Fund is not insured and is subject to market, market segment, style and foreign investing risks. Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing security regulations and accounting standards limited public information possible changes in taxation, and periods of illiquidity. 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.

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

Ten Largest Holdings as of 9/30/2018
Company % of Portfolio
Microsoft Corporation 6.12%
Alphabet Inc. (Class A) 3.94%
Apple Inc. 3.05%
Walgreens Boots Alliance, Inc. 2.93%
Intel Corporation 2.91%
International Business Machines Corporation (IBM) 2.74%
PACCAR Inc. 2.60%
Prudential Financial, Inc. 2.58%
Gilead Sciences, Inc. 2.56%
Merck & Co., Inc. 2.27%
Total 31.70%
Sector Weightings as of 9/30/2018
Sector % of Portfolio
Information Technology 24.57%
Financials 15.29%
Health Care 14.26%
Consumer Discretionary 11.43%
Industrials 10.61%
Communication Services 8.14%
Consumer Staples 6.54%
Materials 4.38%
Real Estate 2.83%
Utilities 1.94%
Energy 0.00%
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.

Portfolio Overview

Socially screened, mid- to large-capitalization domestic equity fund.

Investment Style:

Blend

Weighted Average Market Capitalization:

Large
Portfolio Statistics as of 9/30/2018
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 Fund S&P 500
Price-to-Earnings Ratio (projected) 13.9x 16.7x
Price-to-Book Ratio 2.8x 3.8x
Beta (projected) 1.01 --
R-squared (projected) 0.96 --
Market Cap Asset Weighted Avg. (Millions) $191,516 $247,140
Total Number of Holdings 141 500

*These statistics are provided by Wellington Management as calculated by its proprietary portfolio management system.

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.


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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