Domini Impact International Equity Fund ℠ - Class A Shares

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Quick Facts

$9.50

Daily Price (NAV)
Symbol
DOMAX
Daily NAV Change
$0.03 (0.32%)

Manager:

Domini Impact Investments LLC

Submanager:

Wellington Management Company LLP

Symbol:

DOMAX

CUSIP:

257132886

Fund Type:

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

Inception Date:

Fund: 12/27/06

Class A shares: 11/28/08

Net Assets:

Fund: $1,376.6 Million

Class A shares: $91.5 Million

as of 3/31/18

Expense Ratio: 1

Gross: 1.50%

Net: 1.50%

Initial Sales Fee:

Up to 4.75%

More information about Sales Charges & Breakpoints

Minimum Initial Investment:

$2,500 for non-retirement accounts

$1,500 for IRAs, custodial accounts and $1,500 Automatic investment plan

Fund Distributions

Dividends:

Semi-annually

Capital Gains:

Annually

Class A Shares Overview

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. If you do not invest through a financial advisor, please refer to the Investor shares.

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, sector concentration, 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.

1. Domini Impact Investments LLC has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Class A share expenses to 1.51% 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.

Annual Expense Ratio: Gross: 1.50% / Net: 1.50%. 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 1.51% 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.

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 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 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.

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Performance

Class A Shares Performance

Month-End Returns as of 4/30/2018
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YTD 1YR 3 YR* 5 YR* 10 YR* SINCE INCEPTION
(12/27/06)*
DOMAX (without load) 0.64% 10.65% 6.28% 7.16% 3.23% 2.50%
DOMAX (with max. load) -4.14% 5.40% 4.57% 6.12% 2.72% 2.06%
MSCI EAFE (gross) 0.94% 15.07% 5.44% 6.38% 2.91% 3.30%
MSCI EAFE (net) 0.72% 14.51% 4.94% 5.90% 2.43% 3.01%

*Average annual total returns.

Quarter-End Returns as of 3/31/2018
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YTD 1YR 3 YR* 5 YR* 10 YR* SINCE INCEPTION
(12/27/06)*
DOMAX (without load) -0.64% 12.99% 6.98% 8.00% 3.46% 2.40%
DOMAX (with max. load) -5.36% 7.63% 5.26% 6.96% 2.96% 1.96%
MSCI EAFE (gross) -1.41% 15.32% 6.05% 6.98% 3.23% 3.11%
MSCI EAFE (net) -1.53% 14.80% 5.55% 6.50% 2.74% 2.82%

*Average annual total returns.

Calendar Year Returns
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DOMAX (WITHOUT LOAD) MSCI EAFE (GROSS) MSCI EAFE (NET)
2017 24.46% 25.62% 25.03%
2016 3.12% 1.51% 1.01%
2015 1.74% -0.39% -0.82%
2014 -3.34% -4.48% -4.90%
2013 26.04% 23.29% 22.79%
2012 22.42% 17.90% 17.32%
2011 -13.50% -11.73% -12.13%
2010 11.32% 8.21% 7.74%
2009 28.99% 32.45% 31.79%
2008 -46.65% -43.06% -43.39%
2007 2.22% 11.62% 11.18%
Quarterly Returns
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DOMAX (WITHOUT LOAD) MSCI EAFE (GROSS) MSCI EAFE (NET)
1st Qtr 2018 -0.64% -1.41% -1.53%
4th Qtr 2017 2.76% 4.27% 4.23%
3rd Qtr 2017 4.47% 5.47% 5.40%
2nd Qtr 2017 5.93% 6.37% 6.12%
1st Qtr 2017 9.44% 7.39% 7.25%
4th Qtr 2016 -0.94% -0.68%
3rd Qtr 2016 6.47% 6.50%
2nd Qtr 2016 -3.49% -1.19%
1st Qtr 2016 1.31% -2.88%
4th Qtr 2015 2.27% 4.75%
3rd Qtr 2015 -7.70% -10.19%
2nd Qtr 2015 1.71% 0.84%
1st Qtr 2015 5.95% 5.00%
4th Qtr 2014 -1.50% -3.53%
3rd Qtr 2014 -4.77% -5.83%
2nd Qtr 2014 2.68% 4.34%
1st Qtr 2014 0.35% 0.77%
4th Qtr 2013 6.27% 5.75%
3rd Qtr 2013 11.23% 11.61%
2nd Qtr 2013 -0.85% -0.73%
1st Qtr 2013 7.54% 5.23%

*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: 1.50% / Net: 1.50%. 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 1.51% 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 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.

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.

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Holdings

Ten Largest Holdings as of 4/30/2018
Company % of Portfolio
Sanofi S.A. 2.5%
Vodafone Group plc 2.5%
Nissan Motor Co., Ltd. 2.4%
Allianz SE 2.2%
Central Japan Railway Co. 2.1%
Kering 2.1%
Axa S.A. 1.9%
DBS Group Holdings, Ltd. 1.8%
Sandvik AB 1.8%
Swisscom AG 1.7%
TOTAL 20.9%
Sector Weightings as of 3/31/2018
Sector % of Portfolio
Financials 22.0%
Industrials 17.0%
Consumer Discretionary 14.1%
Information Technology 9.6%
Consumer Staples 8.4%
Health Care 7.6%
Real Estate 6.7%
Materials 6.4%
Telecommunication Services 5.8%
Energy 1.3%
Utilities 1.2%
TOTAL 100.0%
Country Diversification as of 3/31/2018
Country % of Portfolio
Japan 23.3%
France 13.8%
United Kingdom 11.7%
Switzerland 9.2%
Germany 5.7%
Netherlands 4.7%
Australia 4.5%
Sweden 4.3%
Singapore 3.5%
Hong Kong 2.6%
Other 16.6%
TOTAL 100.0%

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.

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Characteristics

Portfolio Overview

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

Investment Style:

Blend

Weighted Average Market Capitalization:

Large
Portfolio Statistics* as of 3/31/2018
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DOMAX MSCI EAFE**
Price-to-Earnings Ratio (projected) 11.9x 12.7x
Price-to-Book Ratio 1.4x 1.7x
Beta (projected) 1.0 --
R-squared (projected) 0.98 --
Total Number of Holdings 192 916

*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.

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Commentary

Domini Impact International Equity Fund Performance Commentary

The Fund invests primarily in mid- and large-cap U.S. equities. 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 subadvisor. 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
Total Returns as of 3/31/2018
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DOMIX DOMOX1  DOMAX (without load) 2,3  DOMAX (with load) 2,3  MSCI EAFE (gross)4  MSCI EAFE (net) 4 
First Quarter 2018  -0.67% -0.56% -0.64% -5.36% -1.41% -1.53%
Year to Date  -0.67% -0.56% -0.64% -5.36% -1.41% -1.53%
One Year  13.14% 13.43% 12.99% 7.63% 15.32% 14.80%
Three Year*   7.04% 7.41% 6.98% 5.26% 6.05% 5.55%
Five Year*   8.01% 8.45% 8.00% 6.96% 6.98% 6.50%
Ten Year*1   3.46% 3.46% 3.46% 2.96% 3.23% 2.74%

Market Overview

The MSCI EAFE Index declined 1.53%† during the first three months of the year, as global equity markets encountered heightened volatility. A sharp correction was initially triggered in late January due to growing concerns over U.S. inflation growth, while tariffs announced by the Trump administration caused fears of a global trade war unsettled financial markets.

Despite solid eurozone economic fundamentals, European equities underperformed for the quarter. Signs of slowing growth, along with concerns over trade and increased regulatory scrutiny in the technology sector, weighed on investor sentiment in the region. The European Purchasing Managers’ Index declined from a record high set in December, consumer confidence moderated, and employment remained healthy. Although eurozone inflation remained subdued, and the European Central Bank (ECB) announced that it intended to keep its accommodative stance for the time being, it did indicate that it is on the path to policy normalization. After six months of protracted negotiations and political wrangling, Germany’s Bundestag reached a deal to form a new governing coalition, and Chancellor Angela Merkel was finally sworn in for her fourth term. The European Union and the United Kingdom also reached an agreement on the legal terms for the Brexit transition deal, although the next phase of the negotiations is expected to be especially challenging, including the Irish border debate. As expected, Italy’s general election resulted in a hung parliament, with anti-establishment populist parties gaining significant support but failing to win a majority. A lack of majority support for the Catalan independence movement also helped ease political tensions in Spain.

Equities also declined in the Asia-Pacific region, where concerns about inflation, rising interest rates and increasing trade tensions weighed on sentiment. With a stronger yen and a weakened risk appetite for export-oriented companies, Japan led the region lower. Australia was also weak, as unemployment rose, manufacturing activity and export growth slowed, and consumer sentiment slipped. Singapore, on the other hand, was a standout performer for the region, benefitting from a rebound in manufacturing, increased tourism, and a recovery in the residential property market.

Emerging-market equities generally withstood the market volatility to end the quarter with overall gains. Solid economic data, a weaker U.S. dollar, and commodities strength helped to offset the fears of rising U.S.-inflation and escalating trade tensions. Latin America was particularly strong, led by Brazil, where the market was buoyed by the upholding ex-President Lula’s corruption conviction and continued monetary easing by the central bank.

Top Relative Contributors

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Company Sector Stock Return* %
Peugeot S.A. Consumer Discretionary 18.09
DBS Group Holdings, Ltd. Financials 12.78
Flight Centre Travel Group Ltd. Consumer Discretionary 27.44
Nissan Motor Co., Ltd. Consumer Discretionary 6.44
KOSÉ Corporation Consumer Staples  34.11

Top Relative Detractors

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Company Sector Stock Return* %
Vodafone Group plc Telecommunication Services -14.51
Ensco plc Energy -35.66
Mitsubishi Gas Chemical Co. Materials -15.54
Nippon Electric Gas Co., Ltd. Information Technology -22.16
Deutsche Lufthansa AG Industrials -13.52

Fund Performance

For the quarter, the Fund’s Investor shares declined 0.67%, outperforming the MSCI EAFE Index net return of -1.53%†. Security selection was the largest driver of relative outperformance, with strong selection in the consumer staples, financials, and consumer discretionary sectors more than enough to offset weaker selection in telecommunication services, information technology, materials, and energy. Sector allocation had an overall positive impact on relative results.

Geographically, security selection was strongest in the developed Asia-Pacific region ex-Japan, particularly in Singapore. Selection was also strong in Europe, with better selection in the UK and Sweden offsetting weaker selection in Germany and Norway. The Fund’s non-benchmark emerging-market positions also contributed positively to relative results, particularly in South Africa.

The top individual contributor to relative performance this quarter was an overweight to French automotive manufacturing group Peugeot (PSA Groupe), which gained more than 18%. Peugeot reported solid fourth-quarter results, largely driven by better-than-expected volumes and a positive sales mix. The strong results were partially offset by uncertainty related to the Group’s recent acquisition of Opel Vauxhall. Excluding this new division, 2017 was a record year for Peugeot, highlighted by growth in sales, margins, and recurring operating income, as well as better-than-expected net cash flow. Guidance issued for 2018 was largely positive, with higher revenues expected from Russia, Latin America and China.

Singapore-based banking and financial services company DBS Group Holdings returned almost 13% for the quarter. The Group reported an impressive 33% year-over-year increase in net income for the fourth quarter, driven by interest income from its lending business and momentum in its wealth management business. After booking significant losses on allowances for non-performing loans in the previous quarter, DBS is more confident in its earnings outlook for 2018, and has signaled for higher dividends going forward.

Australian retail travel agency group Flight Centre was another top contributor, gaining more than 27% for the quarter. Flight Centre reported better-than-expected results for the first half its fiscal year, driven by strong growth in transaction volumes. The strong result led management to upgrade full-year guidance for the second time in six months.

Other top contributors for the quarter included Japan’s Nissan and KOSÉ, as the stronger yen helped to boost returns in US-dollar terms (the JPY/USD exchange rate increased by about 6% during the quarter). Automotive group Nissan, which was one of the Fund’s largest holdings as of March 31, returned just over 6% for the quarter, primarily attributable to currency effects. Cosmetics company KOSÉ, meanwhile, returned more than 34% for the quarter after reporting solid results for its fiscal third quarter, underscored by better-than-expected operating profit growth. Strong revenues and margins were driven by growth in sales of premium products.

Despite generally strong stock selection in the UK, the country did produce the two largest detractors from relative performance for the quarter. Telecommunications company Vodafone was the largest detractor, declining about 14.5%. The company’s third-quarter results were weaker, as intense competition in southern Europe forced it to turn to heavy discounts and promotions, and service revenue grew less than expected. Ensco, an offshore drilling services company, was the second largest detractor, declining almost 36%. Despite management’s optimism for an industry turnaround, it also cautioned investors on the pace of recovery, as excess rig supply remains a significant headwind.

Japan also produced some of the quarter’s largest detractors, including Mitsubishi Gas Chemical (MGC) and Nippon Electric Gas (NEG), which declined around 15.5% and 22%, respectively. NEG, which manufactures glass products for panel displays and other electronic products, reported weak fourth-quarter operating results, with margins dragged down by its newly acquired US fiberglass operations.

German airline Lufthansa was also among the most significant detractors, posting a 13.5% decline for the quarter. Despite delivering its best results in history for 2017, management issued a more cautious outlook for 2018, warning that earnings are likely to dip this year as higher fuel costs offset planned cost reductions.

*Average annual total returns. 

† Reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes.

1. 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.

2. Class A shares were not offered prior to 11/28/08. All performance information for time periods beginning prior to 11/28/08 is the performance of the Investor shares. This performance has not been adjusted to reflect the lower expenses of the Class A shares, but does where noted reflect an adjustment for the maximum applicable sales charge of 4.75%.

3. Performance “with load” for DOMAX reflects performance with application of highest maximum front-end sales charge (4.75%). Performance “without load” reflects performance without application of front-end sales charge.

4. Performance “gross” for MSCI EAFE includes the reinvestment of dividends but reflects no deduction for fees, expenses or taxes. Performance “net” includes the reinvestment of dividends net of witholding tax, but does not reflect other fees, expenses or taxes. 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. Effective March 31, 2017, the Fund’s performance benchmark changed from the MSCI EAFE (gross) to the MSCI EAFE (net). 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. Source: MSCI. MSCI makes no warranties and shall have no liabilities with respect to this data and it is not intended to be investment advice. Such data may not be redistributed or used for other products. This report is not approved or reviewed by MSCI.

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, 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. You may lose money.

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.

For the period reported in its current prospectus, the Fund’s annual operating expenses totaled: 1.43% (Investor), Net 1.50%/Gross 1.50% (Class A), 1.04% (Institutional). The Fund’s adviser has con¬tractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Class A share expenses to 1.51% until 11/30/18, absent an earlier modification approved by the Fund’s Board of Trustees.

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. Please consult the Fund’s prospectus or your Service Organization for more 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.

As of 3/31/18, the companies noted above represented the following percentages of the Fund’s portfolio: DBS Group Holdings, Ltd. (1.72%); Ensco plc (0.17%); Flight Centre Travel Group Ltd. (1.01%); KOSÉ Corporation (0.66%); Mitsubishi Gas Chemical Co., Inc. (1.02%); Nippon Electric Gas Co., Ltd. (0.52%); Nissan Motor Co., Ltd. (2.33%); Peugeot S.A. (1.35%); and Vodafone Group plc (2.40%).

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 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.

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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.

Downloads

File Type
Prospectus
PDF, 1.83 MB
Download
Fund Fact Sheet
PDF, 445.3 KB
Download
Commentary
PDF, 290.28 KB
Download
Social Impact Update
PDF, 156.16 KB
Download
Domini Annual Report 2017
PDF, 840.47 KB
Download

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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