Domini Impact International Equity Fund ℠ - Institutional Shares

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as of 11/18/2019

Quick Facts

$8.03

Daily Price (NAV)
Symbol
DOMOX
Daily NAV Change
$0.01 (0.12%)

Adviser

Domini Impact Investments LLC

Subadviser

Wellington Management Company LLP

CUSIP

257132811

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
Institutional shares: 11/30/12

Fund Net Assets

Fund: $1,206.2 Million
Institutional shares: $523.1 Million
as of 9/30/19

Annual Expense Ratio

Gross/Net: 1.02%
Per current prospectus.

Front-End Sales Charge (Load)

None

Minimum Initial Investment

$500,0001

Fund Distributions

Dividends

Distributed semi-annually

Capital Gains

Distributed annually

Institutional shares are available to investors that meet the minimum investment requirements, have been approved by the distributor, and fall within the following categories: endowments, foundations, religious organizations and other nonprofit entities, individuals, retirement plan sponsors, family office clients, private trusts, certain corporate or similar institutions, or omnibus accounts maintained by financial intermediaries. Please see the Fund's prospectus for further details, or call 1-800-498-1351.

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.

1. Investors may meet the minimum initial investment amount by aggregating up to three separate accounts under the same registration within the Institutional share class of a Fund.

Accounts will generally not be established for omnibus or other accounts for which Domini provides record keeping and other shareholder services or for which the Fund is required to pay any type of administrative payment per participant account. 

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

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 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.

Performance

Institutional Shares Performance

Month-End Returns as of 10/31/2019
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YTD 1YR 3 YR* 5 YR* 10 YR*
DOMOX 12.30% 6.73% 5.55% 4.26% 6.09%
MSCI EAFE Index (net) 16.86% 11.04% 8.48% 4.31% 5.41%

*Average annual total returns.

Quarter-End Returns as of 9/30/2019
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YTD 1YR 3 YR* 5 YR* 10 YR*
DOMOX 9.04% -4.98% 4.33% 3.62% 5.48%
MSCI EAFE Index (net) 12.80% -1.34% 6.48% 3.27% 4.90%

*Average annual total returns.

Calendar Year Returns
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DOMOX MSCI EAFE (NET)
2018 -15.93% -13.79%
2017 24.78% 25.03%
2016 3.61% 1.01%
2015 2.28% -0.82%
2014 -3.01% -4.90%
2013 26.35% 22.79%
2012 22.53% 17.32%
2011 -13.45% -12.13%
2010 11.25% 7.74%
2009 28.68% 31.79%
2008 -46.65% -43.39%
2007 2.22% 11.18%
Quarterly Returns
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DOMOX MSCI EAFE (NET)
3rd Qtr 2019 -3.40 -1.07
2nd Qtr 2019 2.44% 3.68%
1st Qtr 2019 10.18% 9.98%
4th Qtr 2018 -12.85% -12.54%
3rd Qtr 2018 0.71% 1.35%
2nd Qtr 2018 -3.67% -1.24%
1st Qtr 2018 -0.56% -1.53%

*Average annual total returns.

Annual Expense Ratio: 1.02%. 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. 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 International Equity Fund Institutional 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

Top Ten Portfolio Holdings as of 9/30/2019
Security Weight
Allianz SE REG 2.55%
adidas AG 2.41%
Sanofi 2.30%
Novartis AG 2.15%
Kering 2.13%
Coca Cola European Partners 2.04%
Ferguson PLC 1.91%
Telefonica SA 1.88%
Unilever PLC 1.82%
Central Japan Railway Co 1.73%
Total 20.91%
GICS Sector Weightings as of 9/30/2019
Sector Weight
Financials 19.40%
Industrials 15.97%
Health Care 14.87%
Consumer Discretionary 13.19%
Consumer Staples 9.31%
Information Technology 8.45%
Communication Services 7.33%
Real Estate 6.36%
Materials 4.28%
Utilities 0.84%
Energy 0.00%
Total 100.00%
Country Weightings as of 9/30/2019
Country Weight
Japan 22.94%
United Kingdom 13.53%
France 13.35%
Switzerland 7.69%
Germany 7.52%
Netherlands 5.26%
Australia 4.37%
Spain 3.91%
Sweden 3.20%
Hong Kong 2.12%
Other 16.12%
Total 100.00%

View the most recent quarterly holdings report filed with the Securities and Exchange Commission.

Formerly the Domini European PacAsia Social Equity Fund.

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 6/30/2019
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Fund MSCI EAFE Index**
Number of Holdings 175 923
Annual Turnover (as of 7/31/18) 68% -
Weighted-Average Market Cap ($M) 31,694 67,009
Median Market Cap ($M) 17,739 37,693
Price/Book Ratio 1.3x 1.5x
Price/Earnings Ratio (Trailing 12 Months) 13.4x 14.8x
Dividend Yield (Trailing 12 Months) 3.0% 3.4%
Return on Equity (5-Year Average) 14.9% 15.5%
Tracking Error (Projected) 1.9% -
Beta (Projected) 1.01 -

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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