Domini Impact International Equity Fund ℠ - Class A Shares

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as of 04/02/2020

Quick Facts

$6.36

Daily Price (NAV)
Symbol
DOMAX
Daily NAV Change
$0.07 (1.11%)

Adviser

Domini Impact Investments LLC

Subadviser

Wellington Management Company LLP

CUSIP

257132886

Fund Type

Broad international stock market exposure through diversified mid- to large-cap equities in Europe, the Asia-Pacific region, and throughout the rest of the world

Fund Objective

Long-term total return

Inception Date

Fund: 12/27/06
Class A shares: 11/28/08

Net Assets

Fund: $1,198.0 Million
Class A shares: $26.8 Million
as of 12/31/19

Annual Expense Ratio

Gross/Net: 1.43%
Per current prospectus.

Front-End Sales Charge (Load)

Up to 4.75%
More information about sales charges & breakpoints

Minimum Initial Investment

$2,500 for standard accounts
$1,500 for retirement accounts, custodial accounts, and accounts opened with an automatic investment plan

Fund Distributions

Dividends

Distributed semi-annually

Capital Gains

Distributed annually

Class A shares are intended for investors who invest through a financial advisor. They carry a front-end sales charge (load) that is paid to the advisor buying the Fund on behalf of the investor.

Fund Fact Sheet

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 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.  

Learn more

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 ecosystems, communities, customers, employees, suppliers, and investors.

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.

Learn more

Engagement

The Fund 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

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, market sector, impact investing, 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.

Subject to certain exceptions, the Fund's Class A shares are subject to a front-end sales charge of up to 4.75%. 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. 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.

Class A Shares Performance

Month-End Returns as of 2/29/2020
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YTD 1YR 3 YR* 5 YR* 10 YR*
DOMAX (without load) -10.88% -4.61% 0.69% 1.04% 5.52%
DOMAX (with max. load) -15.11% -9.14% -0.93% 0.06% 5.01%
MSCI EAFE Index (net) -10.94% -0.57% 3.92% 1.96% 4.83%

*Average annual total returns.

Quarter-End Returns as of 12/31/2019
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YTD 1YR 3 YR* 5 YR* 10 YR*
DOMAX (without load) 16.82% 16.82% 6.76% 5.00% 6.25%
DOMAX (with max. load) 11.27% 11.27% 5.04% 3.98% 5.73%
MSCI EAFE Index (net) 22.01% 22.01% 9.56% 5.67% 5.50%

*Average annual total returns.

Calendar Year Returns
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DOMAX (WITHOUT LOAD) MSCI EAFE (NET)
2019 16.82% 22.01%
2018 -16.31% -13.79%
2017 24.46% 25.03%
2016 3.12% 1.01%
2015 1.74% -0.82%
2014 -3.34% -4.90%
2013 26.04% 22.79%
2012 22.42% 17.32%
2011 -13.50% -12.13%
2010 11.32% 7.74%
2009 28.99% 31.79%
2008 -46.65% -43.39%
2007 2.22% 11.18%
Quarterly Returns
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DOMAX (WITHOUT LOAD) MSCI EAFE (NET)
4th Qtr 2019 7.60% 8.17%
3rd Qtr 2019 -8.22% -1.07%
2nd Qtr 2019 2.37% 3.68%
1st Qtr 2019 10.07% 9.98%
4th Qtr 2018 -12.98% -12.54%
3rd Qtr 2018 0.56% 1.35%
2nd Qtr 2018 -3.75% -1.24%
1st Qtr 2018 -0.64% -1.53%

*Average annual total returns.

Subject to certain exceptions, the Domini Impact Equity Fund Class A shares are subject to a front-end sales charge of up to 4.75%. Returns noted above as “without load” do not reflect the deduction of this sales charge. If the sales charge were reflected, such performance would have been lower. See the prospectus or your Service Organization for more information.

Annual Expense Ratio – Gross/Net: 1.43%. Per current prospectus. 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% of its average daily net assets per annum until 11/30/20, 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 International 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.

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.

Top Ten Portfolio Holdings as of 1/31/2020
Security Weight
Glaxosmithkline Plc 2.63%
Novartis AG Reg 2.38%
Kering 2.35%
Merck kgaa 2.34%
Adidas AGg 2.23%
Sonova Holding Ag Reg 2.00%
Coca Cola European partners 1.97%
Intesa Sanpaolo 1.86%
BNP Paribas 1.80%
Koninklijke Ahold Delhaize n 1.72%
Total 21.28%
GICS Sector Weightings as of 12/31/2019
Sector Weight
Financials 20.85%
Health Care 14.71%
Consumer Discretionary 14.14%
Industrials 13.18%
Information Technology 10.13%
Consumer Staples 8.37%
Real Estate 6.60%
Materials 5.95%
Communication Services 5.31%
Utilities 0.76%
Energy 0.00%
Total 100.00%
Country Weightings as of 12/31/2019
Country Weight
Japan 22.83%
United Kingdom 13.14%
France 12.25%
Switzerland 8.70%
Germany 7.91%
Netherlands 5.82%
Australia 5.68%
Spain 3.63%
Sweden 2.86%
Singapore 2.26%
Other 14.90%
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.

Portfolio Overview

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

Investment Style:

Blend

Weighted Average Market Capitalization:

Large
Portfolio Statistics* as of 3/31/2019
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Fund MSCI EAFE Index**
Number of Holdings 158 909
Annual Turnover (as of 7/31/18) 68% -
Weighted-Average Market Cap ($M) 33,338 64,243
Median Market Cap ($M) 9,651 10,452
Price/Book Ratio 1.3x 1.5x
Price/Earnings Ratio (Trailing 12 Months) 13.2x 14.3x
Dividend Yield (Trailing 12 Months) 3.1% 3.4%
Return on Equity (5-Year Average) 13.5% 16.0%
Tracking Error (Projected) 2.0% -
Beta (Projected) 1.00 -

*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.

* Source: Wellington Management Company LLP, as calculated by its proprietary portfolio management system, except as noted by **. All characteristics are as of December 31, 2019, unless otherwise noted.

Definitions

Annual Turnover is the lesser of purchases or sales for the trailing 12 months divided by the portfolio's average trailing 13-month net asset values. 

Price/Book Ratio is the weighted harmonic average of the price/book ratios of the stocks in the portfolio, which are the stocks’ most recent closing prices divided by their book value per share. 

Price/Earnings Ratio is the weighted harmonic average of the price/earnings ratios of the stocks in the portfolio, which are the stocks’ most recent closing prices divided by their earnings per share over the trailing 12 months. 

Dividend Yield is the weighted harmonic average of the dividend yields of the stocks in the portfolio, which are the stocks’ dividends per share over the trailing 12 months divided by their most recent closing prices. 

Return on Equity is the portfolios total net income less cash preferred dividends divided by the portfolio's total common equity. 

Tracking Error is the standard deviation of residual returns, which are the differences between fund's projected returns and the index's projected returns. Tracking error measures the degree of dispersion of fund returns around the index. Generally, the higher the tracking risk, the greater the active bets the manager has taken.

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.


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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