Domini Impact International Equity Fund ℠ - Class A Shares

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as of 01/18/2019

Quick Facts

$7.97

Daily Price (NAV)
Symbol
DOMAX
Daily NAV Change
$0.09 (1.14%)

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: $1,140.3 Million
Class A shares: $35.4 Million
as of 12/31/18

Annual Expense Ratio 1

Gross: 1.47% / 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.

1. The Adviser 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% through November 30, 2019, absent an earlier modification by the Fund's Board.

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 12/31/2018
Swipe to view table
YTD 1YR 3 YR* 5 YR* 10 YR*
DOMAX (without load) -16.31% -16.31% 2.41% 1.10% 7.30%
DOMAX (with max. load) -20.29% -20.29% 0.76% 0.12% 6.78%
MSCI EAFE (gross) -13.36% -13.36% 3.38% 1.00% 6.81%
MSCI EAFE (net) -13.79% -13.79% 2.87% 0.53% 6.32%

*Average annual total returns.

Quarter-End Returns as of 12/31/2018
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YTD 1YR 3 YR* 5 YR* 10 YR*
DOMAX (without load) -16.31% -16.31% 2.41% 1.10% 7.30%
DOMAX (with max. load) -20.29% -20.29% 0.76% 0.12% 6.78%
MSCI EAFE (gross) -13.36% -13.36% 3.38% 1.00% 6.81%
MSCI EAFE (net) -13.79% -13.79% 2.87% 0.53% 6.32%

*Average annual total returns.

Calendar Year Returns
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DOMAX (WITHOUT LOAD) MSCI EAFE (GROSS) MSCI EAFE (NET)
2018 -16.31% -13.36% -13.79%
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)
4th Qtr 2018 -12.98% -12.50% -12.54%
3rd Qtr 2018 0.56% 1.42% 1.35%
2nd Qtr 2018 -3.75% -0.97% -1.24%
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. 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.

Ten Largest Holdings as of 12/31/2018
Company % of Portfolio
Sanofi S.A. 3.3%
Novartis International AG 2.8%
Nissan Motor Co., Ltd. 2.4%
Allianz SE 2.3%
Telefonica S.A. 2.1%
Sandvik AB 2.0%
Kering S.A. 2.0%
Coca-Cola European Partners plc 1.9%
AXA S.A. 1.9%
Central Japan Railway Company (JR Central) 1.8%
Total 22.4%
Sector Weightings as of 12/31/2018
Sector % of Portfolio
Financials 21.0%
Industrials 15.2%
Health Care 13.9%
Consumer Discretionary 12.5%
Information Technology 9.0%
Consumer Staples 9.0%
Real Estate 6.6%
Materials 6.6%
Communication Services 5.2%
Utilities 1.1%
Energy 0.0%
TOTAL 100.00%
Country Diversification as of 12/31/2018
Country % of Portfolio
Japan 23.30%
France 13.38%
United Kingdom 12.63%
Switzerland 8.23%
Sweden 6.96%
Germany 5.77%
Netherlands 4.96%
Australia 4.92%
Spain 2.40%
Taiwan 2.00%
Other 15.45%
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 9/30/2018
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 Fund MSCI EAFE**
Price-to-Earnings Ratio (projected) 12.2x 13.2x
Price-to-Book Ratio 1.4x 1.8x
Beta (projected) 1.02 --
R-squared (projected) 0.97 --
Total Number of Holdings 173 913

*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.


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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