Sisters Claim Victory Over Parent Company Of Gun Manufacturers

A coalition of investors, led by the Sisters of the Holy Names of Jesus and Mary, have made progress against gun violence. The Interfaith Center on Corporate Responsibility (ICCR) along with a collection of ethical investors who hold stock in American Outdoor Brands (AOBC), successfully led shareholders to pass a non-binding resolution requesting a report by Feb. 8 detailing AOBC’s weapons connection with gun violence and to report on any attempts at producing safer guns. AOBC is the parent company of Smith & Wesson, who produce the AR-15 style rifles used in multiple mass shootings, including the shooting this year at Parkland High-school.

At Domini, we understand the power of advocacy and the need to confront gun violence. What the ICCR and Sisters of the Holy Names of Jesus and Mary did was inspirational, not just because they were successful, but because they saw the opportunity that investing presents. They had the foresight to buy and hold the stocks in the companies they wanted to petition, despite disagreeing with the companies on a moral basis, so that they could have the right to file their resolution. The Sisters demonstrated that being an engaged investor is effective and essential for change, not only in the wake of tragedy.

Domini encourages shareholders to engage in direct dialogue with companies, other investors, and policy makers to enact positive change. These activist investors have also had success this past May in swaying shareholders of the firearm manufacturer Sturm Ruger in favor of a similar resolution. We applaud the coalition led by the ICCR and the Sisterhood of the Holy Names of Jesus and Mary for being outspoken, proactive shareholders, and for their successful advocacy. Corporate transparency critical to addressing gun violence.

Shareholder advocacy can be an effective tool in helping to set companies’ standards, but it is not a passive or easy exercise. It is the responsibility of an engaged investor.

The holdings discussed above are not held in the Portfolio of Investments of the Domini Funds and never have been. The composition of the Funds’ portfolios are subject to change. Visit to view the most current list of the Fund’s holdings or the Fund’s most recent Annual or Semi-Annual Report, containing a complete description of the Fund’s portfolios.

An investment in the Domini Funds is not a bank deposit and is not insured. You may lose money.

The Domini Funds are not insured and are subject to market, market segment, style, credit, interest rate and foreign investing risks. Investment return, principal value, and yield may fluctuate. 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. An investor’s shares when redeemed may be worth than their original cost. You may lose money.

Nothing contained herein is to be considered a recommendation concerning the merits of a noted company, or an offer of sale or a solicitation of an offer to buy shares of any Fund or company referenced. Such offering is only made by prospectus, which includes details as to the offering price and other material information.

Carefully consider the Funds’ investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Funds’ prospectus, which may be obtained by calling 1-800-582-6757, or at Please read the prospectus carefully before investing.

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. 11/18

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.

Eye iconEye slash icon