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as of 05/27/2022

Quick Facts

$9.44

Daily Price (NAV)
Symbol
LEADX
Daily NAV Change
$0.14 (1.51%)

Adviser

Domini Impact Investments LLC

Subadviser

SSGA Funds Management, Inc.

CUSIP

257132746

Fund Type

Core international stock market exposure through diversified mid- to large-cap equities in developed markets.

Fund Objective

Long-term total return

Inception Date

11/30/20

Net Assets

Fund: $24.7 million
Institutional shares: $14.5 million
as of 3/31/21

Annual Expense Ratio1

Gross: 2.00% / Net: 1.15%
Per current prospectus.

Front-End Sales Charge (Load)

None

Minimum Initial Investment

$500,000

Fund Distributions

Dividends

Distributed semi-annually

Capital Gains

Distributed annually

The new Domini International Opportunities FundSM invests in peer-relative environmental and social leaders around the world, as well as solution-oriented companies helping address global sustainability challenges.

Fund Fact Sheet Open an account Learn More

Overview

The Domini International Opportunities FundSM (LEADX) offers shareholders the opportunity to benefit from broad geographic diversification, while helping promote universal human dignity and ecological sustainability around the world. The Fund invests throughout developed international markets in companies that demonstrate peer-relative environmental and social leadership, in addition to a select group of innovative companies providing needed solutions to global sustainability challenges.

Investment Strategy

The Fund combines two unique investment strategies: "Core" and "Thematic Solutions."

Core invests in mid- to large-capitalization companies that demonstrate peer-relative environmental and social leadership, as determined by Domini's in-depth research and analysis of each company's impact. It is diversified across developed international markets, primarily in Europe and the Asia-Pacific region, as well as across most industries.

Thematic Solutions adds opportunistic exposure to a select number of solution-oriented companies of any size in which Domini has strong long-term conviction. Through Thematic Solutions, we seek to support the following sustainability themes:

  • Accelerate the transition to a low-carbon future
  • Contribute to the development of sustainable communities
  • Help ensure access to clean water
  • Support sustainable food systems
  • Promote societal health and well-being
  • Broaden financial inclusion
  • Bridge the digital divide and expand economic opportunity

Under normal market conditions, Domini expects to allocate approximately 80-95% of the Fund’s net assets to Core and the remaining 5-20% to Thematic Solutions.

Domini’s Founder and Chair, Amy Domini, and CEO, Carole Laible, serve as the Fund’s co-portfolio managers. They are supported by a dedicated team of impact-investment research and financial analysts. SSGA Funds Management serves as the Fund’s submanager, responsible for implementing Domini’s investment instructions for both of the Fund’s strategies and managing its cash needs.

Impact Investment Standards

Domini’s Impact Investment Standards are the foundational framework that guides all of the environmental and social research for the Domini Funds. Domini evaluates the Fund’s current and potential investments against its environmental and social 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. 

Learn More

Engagement

As with all Domini Funds, the Fund uses a combination of engagement tools to amplify its impact, including direct dialogue with corporate management teams on environmental and social issues and the principled and transparent use of proxy voting.

Learn More

Investor Profile

Who should invest?

  • Investors seeking long-term growth of capital
  • Investors committed to the Fund's environmental and social investment standards

Who should not invest?

  • Investors unwilling or unable to accept moderate to significant fluctuations in share price

Risks

The Domini International Opportunities Fund is subject to certain risks including foreign investing, geographic focus, country, currency, impact investing, and portfolio management 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 may be heightened in connection with investments in emerging market countries.

The Adviser’s evaluation of environmental and social factors in its investment selections and the timing of the Subadviser’s implementation of the Adviser’s investment selections will affect the Fund’s exposure to certain issuers, industries, sectors, regions, and countries and may impact the relative financial performance of the Fund depending on whether such investments are in or out of favor. The value of your investment may decrease if the Adviser’s or Subadviser’s judgement about Fund investments does not produce the desired results. There is a risk that information used by the Adviser to evaluate environmental and social factors, may not be readily available or complete, which could negatively impact the Adviser’s ability to evaluate such factors and Fund performance.

The Fund may change any of the policies described above at any time. Although the Domini International Opportunities Fund Institutional Shares are no-load, certain fees and expenses apply to a continued investment and are described in the prospectus.

1The Fund’s Adviser has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Institutional Class share expenses to 1.15% through November 30, 2022. There can be no assurance the Adviser will extend the expense limitations beyond such time. While in effect, the arrangement may be terminated for a class only by agreement of the Adviser and the Fund’s Board of Trustees.

Performance

Institutional Shares Performance

Month-End Returns as of 4/30/2022
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YTD 1YR 3 YR 5 YR Since Inception 1
LEADX -17.29% -12.00% N/A N/A -4.10%
MSCI EAFE (net) -12.00% -8.15% N/A N/A 0.82%
Quarter-End Returns as of 3/31/2022
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YTD 1YR 3 YR 5 YR Since Inception 1
LEADX -10.25% -2.32% N/A N/A 1.70%
MSCI EAFE (net) -5.91% 1.16% N/A N/A 6.04%

1 Inception date November 30, 2020

Calendar Year Returns
LEADX MSCI EAFE (NET)
2021 9.78% 11.26%
Quarterly Returns
LEADX MSCI EAFE (net)
1st Qtr 2022 -10.25% -5.91%
4th Qtr 2021 3.46% 2.69%
3rd Qtr 2021 -0.18% -0.45%
2nd Qtr 2021 5.38% 5.17%

Annual Expense Ratio: Gross:2.00% Net:1.15%. Per current prospectus. The Fund’s Adviser has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Institutional share expenses to 1.15% through November 30, 2022. There can be no assurance the Adviser will extend the expense limitations beyond such time. While in effect, the arrangement may be terminated for a class only by agreement of the Adviser and the Fund’s Board of Trustees.

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. See the prospectus for further information.

The Domini International Opportunities Fund is subject to certain risks including foreign investing, geographic focus, country, currency, impact investing, and portfolio management 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 may be heightened in connection with investments in emerging market countries.

The Adviser’s evaluation of environmental and social factors in its investment selections and the timing of the Subadviser’s implementation of the Adviser’s investment selections will affect the Fund’s exposure to certain issuers, industries, sectors, regions, and countries and may impact the relative financial performance of the Fund depending on whether such investments are in or out of favor. The value of your investment may decrease if the Adviser’s or Subadviser’s judgement about Fund investments does not produce the desired results. There is a risk that information used by the Adviser to evaluate environmental and social factors, may not be readily available or complete, which could negatively impact the Adviser’s ability to evaluate such factors and Fund performance. You may lose money. Select the Overview tab above or see the prospectus for more information on risk. 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 International Opportunities 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 (net) (MSCI EAFE) index is an unmanaged index of common stocks. It is not available for direct investment. MSCI EAFE 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 4/30/2022
Security Weight
ASML Holding N.V. 3.02%
Novartis AG 2.75%
Toyota Motor Corporation 2.49%
Novo Nordisk A/S (Class B) 2.45%
Linde PLC 2.12%
Toronto-Dominion Bank 1.72%
AIA Group Limited 1.58%
Unilever PLC 1.55%
Sanofi 1.52%
GlaxoSmithKline PLC 1.52%
Total 20.72%
GICS Sector Weightings as of 3/31/2022
Sector Weight
Financials 17.36%
Industrials 15.16%
Health Care 14.78%
Information Technology 13.65%
Consumer Discretionary 12.91%
Consumer Staples 7.77%
Materials 6.99%
Communication Services 4.56%
Utilities 3.85%
Real Estate 2.97%
Total 100.00%
Country Weightings as of 3/31/2022
Country Weight
Japan 21.24%
Germany 9.36%
United States 9.36%
United Kingdom 8.65%
France 8.57%
Netherlands 8.55%
Switzerland 7.02%
Denmark 4.28%
Sweden 3.76%
Australia 3.26%
Other 15.95%
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. 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

Investment Style:

Blend

Weighted Average Market Capitalization:

Large
Portfolio Statistics* as of 1/31/2022
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Fund MSCI EAFE Index
Number of Holdings 320 825
Turnover (11/30/20 - 7/31/21)** 16% -
Weighted-Average Market Cap ($M) 87,285 84,162
Median Market Cap ($M) 16,720 13,326
Price/Book Ratio 2.2x 1.7x
Price/Earnings Ratio (Trailing 12 Months) 17.3x 14.5x
Return on Equity (Trailing 12 Months) 13.6% 13.0%
Tracking Error (1-Year Projected) 3.4% -
Beta (1-Year Projected) 1.03 -

* Source: Bloomberg Portfolio Risk & Analytics, except as noted by **. All characteristics are as of March 31, 2022, 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.

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 Opportunity 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.

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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