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Domini Social Bond Fund
Institutional Shares Overview
All data as of 3/31/2013 unless otherwise noted.
Intermediate-term, investment-grade bond fund. Socially screened, with community development emphasis.
Share class: 11/30/2011
Initial Sales Fee
Fund Net Assets
Minimum Initial Investment
The Fund seeks to provide its shareholders with a high level of current income and total return by investing in bonds and other debt instruments that meet the Fund's social and environmental standards.
The Fund normally invests at least 85% of assets in intermediate-term, investment-grade fixed-income securities, including government agency, corporate, mortgage-backed and asset-backed securities, taxable municipal bonds, and U.S. dollar-denominated bonds issued by non-U.S. entities.
The Fund seeks to invest up to 10% of its assets in debt instruments and other investments that provide a high level of community impact. These investments may be illiquid, unrated, and may carry greater credit risks than its other holdings.
Investment Advisor and Sponsor: Domini Social Investments LLC
Subadvisor: Seix Advisors LLC, a wholly-owned subsidiary of RidgeWorth Capital Management, Inc. Seix uses a team of investment professionals supervised by James Keegan to manage the Fund.
Social and Environmental Standards
To determine which securities are eligible for investment, Domini evaluates the Fund’s current and potential corporate debt instruments 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.
For noncorporate issuers, Domini seeks to identify investments with a positive impact on communities.
Domini may determine that a security is eligible for investment even if its profile reflects a mixture of positive and negative social and environmental characteristics.
Community Economic Development
The Fund's community economic development focus is in the areas of small business loans and affordable housing for the economically disadvantaged.
Who Should Invest
Who Should Not Invest
1. Until November 30, 2013, the Fund’s Manager has contractually agreed to waive certain fees and/or reimburse certain expenses, including management fees, so that expenses paid by the Fund will not exceed, on a per annum basis, 0.65% of its average daily net assets representing Institutional shares, absent an earlier modification by the Board of Trustees, which oversees the Funds.
*Investors may meet the minimum initial investment amount by aggregating up to three separate accounts within the Institutional share class of a Fund.
**Accounts will not be established for omnibus or other accounts for which Domini provides recordkeeping and other shareholder services or for which the Fund is required to pay any type of administrative payment per participant account.
The Domini Social Bond Fund is not insured and is subject to market risks, including interest rate and credits risks. During periods of rising interest rates, bond funds can lose value. The Domini Social Bond Fund currently holds a large percentage of its portfolio in mortgage-backed securities. During periods of falling interest rates, mortgage-backed securities may prepay the principal due, which may lower the Fund's return by causing it to reinvest at lower interest rates. Some of the Domini Social Bond Fund's community development investments may be unrated and carry great credit risks than its other investments.
Past performance is no guarantee of future results.
Although the Domini Social Bond Fund is no-load, certain fees and expenses apply to a continued investment and are described in the prospectus. 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.