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as of 06/24/2022

Quick Facts

$12.94

Daily Price (NAV)
Symbol
LIFEX
Daily NAV Change
$0.31 (2.45%)

Adviser

Domini Impact Investments LLC

Subadviser

SSGA Funds Management, Inc.

CUSIP

257132779

Fund Type

Global stock market exposure through a high-conviction, all-cap equity portfolio

Fund Objective

Long-term total return

Inception Date

4/1/2020

Net Assets

Fund: $32.8 million
Institutional shares: $14.5 million
as of 3/31/21

Annual Expense Ratio

Gross: 1.43% Net:1.15%*
Per current prospectus.

Front-End Sales Charge (Load)

None

Minimum Initial Investment

$500,0001

Fund Distributions

Dividends

Distributed semi-annually

Capital Gains

Distributed annually

The Domini Sustainable Solutions FundSM invests worldwide in public companies of any size helping to address environmental and social challenges. Specifically, we seek companies that we believe are helping to support the following sustainability themes by developing or providing access to solution-oriented products and services.

Fund Fact Sheet Fund Brochure

Overview

The Domini Sustainable Solutions Fund offers impact investors a new opportunity to help make a difference. Shareholders have access to a global equity portfolio seeking companies providing solutions for a better future. The Domini Sustainable Solutions Fund is designed to help you meet your own personal financial goals and address many of the world’s greatest sustainability challenges.

By investing in companies that develop and provide access to solution-oriented products and services—from renewable energy systems and electric vehicles to breakthrough medical technologies, healthy and organic food, and lending for underserved communities—we believe we can help overcome these challenges. Furthermore, through the identification of well-managed companies supporting the transition to a more sustainable economy, we believe we can also identify investments with long-term growth potential.

Investment Strategy

The Domini Sustainable Solutions Fund invests in typically fewer than 50 stocks, diversified in size and geography. It may invest globally, including in developed markets across the Americas, Europe and the Asia-Pacific region, as well as select emerging markets. It pursues a high-conviction, buy-and-hold strategy with an investment horizon of about 3 to 5 years.

Sustainability Themes

We seek companies that we believe are helping to support the following sustainability themes by developing or providing access to solution-oriented products/services, including but not limited to some of those in the following examples:

  • Accelerate the transition to a low-carbon future
    Examples    : Renewable energy, including wind and solar technologies; Distributed generation and off-grid energy solutions; Energy storage; Electric vehicles; High-efficiency semiconductors and other energy-efficient technologies
  • Contribute to the development of sustainable communities
    Examples    : Safe and affordable housing, Low-carbon transportation systems, Climate-resilient infrastructure; Climate-adaptation services; Sustainable design and engineering services; Smart-city technologies
  • Help ensure access to clean water for drinking and sanitation
    Examples    : Affordable water services; Water and wastewater treatment facilities; Water quality and filtration solutions; Water harvesting and conservation; Flow-control and plumbing
  • Support sustainable food systems
    Examples    : Healthy, natural, organic, and/or plant-based foods; Consumer nutrition education; Reduction of food waste; Resource-efficient agriculture; Support for local and small-scale farming
  • Promote societal health and well-being
    Examples    : Preventative healthcare solutions, including vaccines and health education services; Innovative diagnostics and medicines for priority and neglected diseases; Mobile medical technologies
  • Broaden financial inclusion
    Examples    : Affordable lending for underserved or disadvantaged communities; Financial literacy programs; Banking, insurance, and investment products/services; Access to capital for entrepreneurs and small businesses
  • Bridge the digital divide and expand economic opportunity
    Examples    : Information and communication technologies; Quality education or training services; Software or services that support the development of small- and medium-enterprises

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

The Domini Sustainable Solutions Fund is subject to certain risks including sustainable investing, portfolio management, information, market, recent events, mid- to large-cap companies and small-cap companies risks.

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.

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

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

Although the Domini Sustainable Solutions Fund Institutional shares are no-load, certain fees and expenses apply to a continued investment and are described in the 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.

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. See the applicable prospectus for further information.

The performance quoted 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.

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Performance

Institutional Shares Performance

Month-End Returns as of 5/31/2022
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YTD 1YR 3 YR 5 YR Since Inception 1
LIFEX -22.65% -20.23% N/A N/A 19.05%
MSCI World Investable Market Index (net) 2 -13.09% -5.90% N/A N/A 23.01%
Quarter-End Returns as of 3/31/2022
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YTD 1YR 3 YR 5 YR Since Inception 1
LIFEX -9.55% -8.83% N/A N/A 30.65%
MSCI World Investable Market Index (net) 2 -5.32% 8.65% N/A N/A 30.64%

1 Inception date April 1, 2020

2Effective November 1, 2020, the performance benchmark against which the Fund measures its performance changed from the FTSE Global All Cap Index (gross) to the MSCI World Investable Market Index (net).

*Average annual total returns.

Calendar Year Returns
LIFEX MSCI World Investable Market Index (net)
2021 -6.24% 21.04%
Quarterly Returns
LIFEX MSCI World Investable Market Index (net)
1st Qtr 2022 -9.55% -5.32%
4th Qtr 2021 -1.16% 7.06%
3rd Qtr 2021 -1.76% -0.19%
2nd Qtr 2021 3.81% 7.39%

Annual Expense Ratio: Gross: 1.43% 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.

An investment in the Domini Sustainable Solutions Fund is subject to certain risks including sustainable investing, portfolio management, information, market, recent events, mid- to large-cap companies and small-cap companies 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. 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 Sustainable Solutions Fund Institutional shares are no-load, certain fees and expenses apply to a continued investment and are described in the prospectus.

The FTSE Global All Cap Index (gross) is a market-capitalization weighted index representing the performance of the large, mid and small cap stocks globally. FTSE Global All Cap Index (gross) reflects the reinvestment of dividends without any withholding tax deduction. The MSCI World Investable Market Index (net) (MSCI IMI) is a market-capitalization weighted index representing the performance of large-mid- and small-capitalization companies in developed markets. The MSCI IMI includes the reinvestment of dividends net of withholding tax, but does not reflect other fees, expenses or taxes. See the prospectus. for more information. You cannot invest directly in an index.

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Holdings

Top Ten Portfolio Holdings as of 5/31/2022
Security Weight
Enphase Energy, Inc. 5.26%
Palo Alto Networks, Inc. 5.00%
Tesla, Inc. 4.70%
Munchener Ruckversicherungs-Gesellschaft AG ("Munich Re") 4.34%
Hologic, Inc. 4.27%
ASML Holding N.V. New York Registry Shares 3.60%
Federal Agricultural Mortgage Corp. (Class C) 3.59%
Seagen Inc. 3.48%
Ameresco Inc (Class A) 3.21%
STMicroelectronics NV 3.13%
Total 40.57%
GICS Sector Weightings as of 3/31/2022
Sector Weight
Information Technology 28.51%
Health Care 20.99%
Consumer Discretionary 14.17%
Financials 14.09%
Industrials 12.16%
Real Estate 4.73%
Communication Services 3.35%
Consumer Staples 2.00%
Total 100.00%
Country Weightings as of 3/31/2022
Country Weight
United States 65.14%
Netherlands 9.06%
Germany 4.76%
Sweden 4.56%
Japan 4.22%
Singapore 3.44%
Australia 2.60%
France 2.49%
Norway 1.97%
United Kingdom 0.89%
Other 0.87%
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.

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Characteristics

Portfolio Overview

Investment Style:

Growth

Weighted Average Market Capitalization:

Medium
Portfolio Statistics* as of 1/31/2022
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Fund MSCI World Inv. Market Index (net)
Number of Holdings 47 6,055
Annual Turnover (as of July 31, 2021)** 65% -
Weighted-Average Market Cap ($M) 91,292 398,482
Median Market Cap ($M) 10,352 2,419
Price/Book Ratio 3.1x 2.9x
Price/Earnings Ratio (Trailing 12 Months) 28.0x 20.4x
Return on Equity (Trailing 12 Months) 36.0% 31.70%
Tracking Error (1-Year Projected) 10.8% -
Beta (1-Year Projected) 1.36 -

* 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 Sustainable Solutions 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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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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