Domini Impact International Equity Fund ℠ - Institutional Shares

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Quick Facts

Manager:

Domini Impact Investments LLC

Submanager:

Wellington Management Company LLP

Symbol:

DOMOX

CUSIP:

257132811

Fund Type:

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

Inception Date:

Fund: 12/27/06

Institutional shares: 11/30/12

Fund Net Assets:

Fund: $1,376.6 Million

Institutional shares: $558.4 Million

as of 3/29/18

Annual Expense Ratio:

Gross and Net: 1.04%

Initial Sales Fee:

None (no-load)

Minimum Initial Investment:

$500,000*

Fund Distributions

Dividends:

Semi-annually

Capital Gains:

Annually

Institutional Shares Overview

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

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:

  • The Institutional share class of the Domini Impact International Equity Fund is 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.**
  • 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.

*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 Institutional 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 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.

Performance

Institutional Shares Performance

Month-End Returns as of 3/31/2018
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YTD 1YR 3 YR* 5 YR* 10 YR* SINCE INCEPTION
(12/27/06)*
DOMOX -0.56% 13.43% 7.41% 8.45% 3.46% 2.40%
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.

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)*
DOMOX -0.56% 13.43% 7.41% 8.45% 3.46% 2.40%
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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DOMOX MSCI EAFE (GROSS) MSCI EAFE (NET)
2016 3.61% 1.51% 1.01%
2015 2.28% -0.39% -0.82%
2014 -3.01% -4.48% -4.90%
2013 26.35% 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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DOMOX MSCI EAFE (GROSS) MSCI EAFE (NET)
3rd Qtr 2017 4.59% 5.47% 5.40%
2nd Qtr 2017 6.04% 6.37% 6.12%
1st Qtr 2017 9.39% 7.39% 7.25%
4th Qtr 2016 -0.72% -0.68%
3rd Qtr 2016 6.66% 6.50%
2nd Qtr 2016 -3.48% -1.19%
1st Qtr 2016 1.38% -2.88%
4th Qtr 2015 2.40% 4.75%
3rd Qtr 2015 -7.45% -10.19%
2nd Qtr 2015 1.71% 0.84%
1st Qtr 2015 6.11% 5.00%
4th Qtr 2014 -1.44% -3.53%
3rd Qtr 2014 -4.63% -5.83%
2nd Qtr 2014 2.80% 4.34%
1st Qtr 2014 0.37% 0.77%
4th Qtr 2013 6.40% 5.75%
3rd Qtr 2013 11.31% 11.61%
2nd Qtr 2013 -0.69% -0.73%
1st Qtr 2013 7.42% 5.23%

*Average annual total returns.

Annual Expense Ratio: 1.04%. 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 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

Ten Largest Holdings as of 2/28/2018
Company % of Portfolio
Nissan Motor Co. Ltd. 2.40%
Allianz SE-Reg 2.30%
Vodafone Group plc 2.20%
Sanofi 2.20%
Swisscom AG-REG 2.10%
Kering 2.00%
Central Japan Railway Co. 1.90%
Sandvik AB 1.80%
DBS Group Holdings Ltd. 1.80%
Aena SME S.A. 1.40%
TOTAL 20.10%
Sector Weightings as of 12/31/2017
Sector % of Portfolio
Financials 24.00%
Industrials 16.20%
Consumer Discretionary 14.90%
Information Technology 9.20%
Consumer Staples 8.30%
Materials 7.50%
Health Care 7.40%
Real Estate 6.40%
Telecommunication Services 4.10%
Energy 1.40%
Utilities 0.60%
Total 100.00%
Country Diversification as of 12/31/2017
Country % of Portfolio
Japan 22.40%
France 13.40%
United Kingdom 12.20%
Switzerland 7.60%
Germany 7.20%
Sweden 4.80%
Australia 4.40%
Netherlands 4.30%
Singapore 3.00%
Hong Kong 2.70%
Denmark 2.20%
Spain 2.20%
Turkey 1.90%
Belgium 1.80%
Other 9.90%
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 9/29/2017
Swipe to view table
DOMOX MSCI EAFE*
Price-to-Earnings Ratio (projected) 12.4x 14.5x
Price-to-Book Ratio 1.4x 1.7x
Beta (projected) 1.03 --
R-squared (projected) 0.97 --
Total Number of Holdings 174 913

*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

Institutional Shares 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 subadvisor. Domini creates an approved list of companies based on its social, environmental and governance analysis, and Wellington seeks to add value using a diversified stock selection approach, while managing risk through a systematic and disciplined portfolio construction process. Download Commentary as a PDF.

1Average annual total returns.
2Reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes.
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.

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. 

Annual Expense Ratio: 1.04%. Per current prospectus

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. Select the Overview tab above or see the prospectus for more information on risk.

The performance information above does not reflect the deduction of fees and taxes that a shareholder would pay on distributions or the redemption of Fund shares. Certain fees and expenses also apply to a continued investment, and are described in each Fund's prospectus. 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, 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. 

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. 

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 a solicitation of an offer to buy shares of any Fund or company referenced herein. Such offering is only made by prospectus, which includes details as to the offering price and other material information. Please read the prospectus carefully before investing.


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.


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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