Domini Impact International Equity Fund ℠ - Class Y Shares

View all Funds
as of 09/17/2018

Quick Facts

$8.43

Daily Price (NAV)
Symbol
DOMYX
Daily NAV Change
$0.00 (0.00%)

Manager:

Domini Impact Investments LLC

Submanager:

Wellington Management Company LLP

Symbol:

DOMYX

CUSIP:

257132787

Fund Type:

Diversified mid- to large-cap international stocks, socially screened

Inception Date:

7/23/18

Net Assets:

Fund: $1,383.5 Million

Class Y Shares: -

as of 6/30/18

Annual Expense Ratio:

Gross and Net: 1.13%

Initial Sales Fee:

None (no-load)

Minimum Initial Investment:

None

Fund Distributions

Dividends:

Semi-annually

Capital Gains:

Annually

Class Y Shares Overview

The Domini Impact International Equity Fund helps you access a world of investment opportunity, while using your investment dollars to encourage corporate responsibility. Investments in companies across Europe, the Asia-Pacific region, and throughout the rest of the world let you take advantage of broad international diversification with the convenience of one mutual fund.

Investment Objective

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

Investment Strategy

The Fund invests primarily in stocks of companies in Europe, the Asia-Pacific region, and throughout the rest of the world 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.  

Management

Investment Advisor and Sponsor: Domini Impact Investments LLC.

Subadvisor: Wellington Management Company LLP.

Shareholder Activism

The Fund seeks to use its position as a shareholder to raise issues of social and environmental performance with corporate management.

Social and Environmental Standards

Domini evaluates the Fund’s 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 International Fund is not a bank deposit and is not insured. You may lose money. An investment in the Fund is also subject to market, market segment, foreign investing and style risks. Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing securities regulations and accounting standards, limited public information, possible changes in taxation, and periods of illiquidity. These risks are magnified in emerging markets.  

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.

Although the Domini Impact International Equity Fund 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 Equity Fund is not a bank deposit and is not insured. You may lose money. An investment in the Fund is subject to market, market segment, style, and foreign investing risks.


Performance

Class Y Shares Performance

Month-End Returns as of 8/30/2018
Swipe to view table
YTD 1YR 3 YR* 5 YR* 10 YR* SINCE INCEPTION
(7/23/18)*
DOMYX -4.46% -0.50% 6.62% 6.57% 4.21% 1.97%
MSCI EAFE (gross) -1.87% 4.90% 7.57% 6.22% 4.14% 2.96%
MSCI EAFE (net) -2.28% 4.39% 7.04% 5.73% 3.66% 2.65%

*Average annual total returns.

Class Y shares were not offered prior to 7/23/2018. All performance information for time periods beginning prior to 7/23/2018 is the performance of Investor Shares class (DOMIX).

Quarter-End Returns as of 6/30/2018
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YTD 1YR 3 YR* 5 YR* 10 YR* SINCE INCEPTION
(12/27/06)*
DOMIX -4.35% 2.78% 5.12% 7.38% 3.49% 2.01%
MSCI EAFE (gross) -2.37% 7.37% 5.41% 6.93% 3.33% 2.96%
MSCI EAFE (net) -2.75% 6.84% 4.90% 6.44% 2.84% 2.65%

*Average annual total returns.

Calendar Year Returns
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DOMIX MSCI EAFE (GROSS) MSCI EAFE (NET)
2017 24.60% 25.62% 25.03%
2016 3.05% 1.51% 1.01%
2015 1.76% -0.39% -0.82%
2014 -3.27% -4.48% -4.90%
2013 25.77% 23.29% 22.79%
2012 22.53% 17.90% 17.32%
2011 -13.45% -11.73% -12.13%
2010 11.25% 8.21% 7.74%
2009 28.68% 32.45% 31.79%
2008 -46.65% -43.06% -43.39%
2007 2.22% 11.62% 11.18%
Quarterly Returns
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DOMIX MSCI EAFE (GROSS) MSCI EAFE (NET)
2nd Qtr 2018 -3.70% -0.97% -1.24%
1st Qtr 2018 -0.67% -1.41% -1.53%
4th Qtr 2017 2.86% 4.27% 4.23%
3rd Qtr 2017 4.47% 5.47% 5.40%
2nd Qtr 2017 6.01% 6.37% 6.12%
1st Qtr 2017 9.39% 7.39% 7.25%
4th Qtr 2016 -0.96% -0.68%
3rd Qtr 2016 6.52% 6.50%
2nd Qtr 2016 -3.51% -1.19%
1st Qtr 2016 1.24% -2.88%
4th Qtr 2015 2.33% 4.75%
3rd Qtr 2015 -7.59% -10.19%
2nd Qtr 2015 1.68% 0.84%
1st Qtr 2015 5.83% 5.00%
4th Qtr 2014 -1.46% -3.53%
3rd Qtr 2014 -4.76% -5.83%
2nd Qtr 2014 2.69% 4.34%
1st Qtr 2014 0.37% 0.77%
4th Qtr 2013 6.11% 5.75%
3rd Qtr 2013 11.29% 11.61%
2nd Qtr 2013 -0.86% -0.73%
1st Qtr 2013 7.42% 5.23%

Annual Expense Ratio: 1.13%. 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 International 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. 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 International Equity Fund Investor shares are no-load, certain fees and expenses apply to a continued investment and are described in the prospectus.

The Morgan Stanley Capital International Europe Australasia Far East (MSCI EAFE) index is an unmanaged index of common stocks. It is not available for direct investment. MSCI EAFE (gross) includes the reinvestment of dividends but reflects no deduction for fees, expenses or taxes. MSCI EAFE (net) includes the reinvestment of dividends net of withholding tax, but does not reflect other fees, expenses or taxes.

Holdings

Ten Largest Holdings as of 7/31/2018
Company % of Portfolio
Sanofi 2.90%
Nissan Motor Co Ltd 2.20%
Central Japan Railway Co 2.20%
Sandvik AB 2.10%
Vodafone Group Plc 2.00%
Allianz SE Reg 2.00%
Novartis AG Reg 2.00%
Kering 1.80%
Koninklijke Ahold Delhaize N 1.80%
Swisscom AG Reg 1.70%
Total 20.70%
Sector Weightings as of 6/30/2018
Sector % of Portfolio
Financials 20.90%
Consumer Discretionary 15.50%
Industrials 14.80%
Health Care 11.00%
Consumer Staples 9.50%
Information Technology 8.30%
Real Estate 6.60%
Materials 6.20%
Telecom. Services 4.90%
Energy 1.70%
Utilities 0.50%
TOTAL 100.00%
Country Diversification as of 6/30/2018
Country % of Portfolio
Japan 22.80%
France 14.40%
United Kingdom 12.50%
Switzerland 8.90%
Netherlands 6.70%
Germany 4.90%
Australia 4.50%
Sweden 4.40%
Singapore 3.30%
Spain 2.30%
Other 15.30%
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. View the most current list of the Domini Impact International 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.

Characteristics

Portfolio Overview

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

Investment Style:

Blend

Weighted Average Market Capitalization:

Large
Portfolio Statistics* as of 6/30/2018
Swipe to view table
 Fund MSCI EAFE**
Price-to-Earnings Ratio (projected) 12.0x 13.0x
Price-to-Book Ratio 1.3x 1.7x
Beta (projected) 1 --
R-squared (projected) 0.98 --
Total Number of Holdings 180 914

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

**The Morgan Stanley Capital International Europe, Australasia and Far East Index (MSCI EAFE) is an unmanaged index of common stocks. Investors cannot invest directly in an index.

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 International 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 Morgan Stanley Capital International Europe, Australasia, and Far East Index (MSCI EAFE) is an unmanaged index of common stocks. It is not available for direct investment. MSCI EAFE (gross) includes the reinvestment of dividends but reflects no deduction for fees, expenses or taxes. MSCI EAFE (net) includes the reinvestment of dividends net of witholding tax, but does not reflect other fees, expenses or taxes. The composition of the Fund’s portfolio is subject to change.

Commentary

Domini Impact International Equity Fund Performance Commentary

The Fund invests primarily in mid- to large-cap equities across Europe, the Asia-Pacific region, and throughout the rest of the world. It is managed through a two-step process designed to capitalize on the strengths of Domini Impact Investments and Wellington Management Company, the Fund’s subadviser. Domini creates an approved list of companies based on its social, environmental and governance analysis, and Wellington seeks to add value and manage risk through a systematic and disciplined portfolio construction process.

Download Commentary as a PDF

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, returns 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. An investment in the Fund is not a bank deposit. The Fund is not insured and is subject to market, market segment, foreign investing and style risks. Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing securities regulations and accounting standards, limited public information, possible changes in taxation, and periods of illiquidity. These risks are magnified in emerging markets. You may lose money. Call 1-800-762-6814 or visit www.domini.com for performance information current to the most recent month-end, which may be lower or higher than the performance data quoted.

For the period reported in its current prospectus, the Fund’s annual operating expenses totaled: 1.43% (Investor), Net - 1.43%/Gross - 1.50% (Class A), 1.04% (Institutional) and 1.13% (Class Y). As of June 15, 2018, Domini has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Class A share expenses to 1.43%. The agreement expires on November 30, 2019, absent an earlier modification by the Fund’s Board.

The 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. Class A shares are generally subject to a front-end sales charge of 4.75%. Certain fees and expenses also apply to a continued investment in the Fund and are described in the prospectus. See the Fund’s prospectus for further information.

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

Performance attribution is provided from Wellington Management Company’s proprietary attribution system. Certain factors, which may affect performance, are not included, such as withholding taxes, fair value pricing when implemented by the Fund, accounting agent T+1 differences, market value discrepancies due to different pricing sources, methodology differences for large cash flows and NAV rounding. Wellington Management’s proprietary systems are designed to support the management of portfolios and are not meant to be used as an accounting system. This information is intended to provide insight into the investment process and is not intended to be precise calculations. Attribution should be considered a tool that can help explain sources of alpha in terms of direction and magnitude.

As of 6/30/18, the companies noted above represented the following percentages of the Fund’s portfolio: Central Japan Railway Company (2.25%); H. Lundbeck A/A (1.01%); J Sainsbury plc (1.33%); Kering S.A. (2.02%); Mixi, Inc. (0.49%); Türkiye Vakıflar Bankası T.A.O. (0.27%); Wm Morrison Supermarkets plc (1.02%); and Yamada-Denki Co., Ltd. (0.73%). BP plc, Royal Dutch Shell plc, Tesco plc, and Walmart Inc. were not approved for investment, and therefore not held by any of the Domini Funds.

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 regarding the portfolio investments held by the Funds. View the most current list of the Fund’s holdings. Obtain a copy of the Fund’s most recent Annual or Semi-Annual Report, containing a complete description of the Fund’s portfolio, by calling 1-800-762-6814.

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 solicitation of an offer to buy shares of any Fund or company referenced herein.

Carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus. Please read the prospectus carefully before investing or sending money.

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.


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.

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