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In recent years, plan sponsors and other institutional clients have begun asking consultants to help them align their investments with their mission and values. Consultants have also seen increasing demand for socially responsible funds that respond to the environmental and social concerns of retirement plan participants and foundation fund donors.
This increased interest stems in large part from the following:
- A 1998 letter issued by the Department of Labor stating that socially responsible funds meet the fiduciary standards of the Employee Retirement Income Security Act (ERISA)
- Moves by the state of California, a longtime institutional investment trendsetter, toward implementing social and environmental standards in its defined-benefit portfolios
- Inclusion of socially responsible options in a number of the country's largest and most influential defined contribution plans
Among the array of socially responsible investment options available today, Domini Social Investments stands out as a pioneer and a leader in the field.
The founders and principals of Domini Social Investments have played a leading role in the development and growth of socially responsible investing. Domini Social Investments has been extensively involved in shareholder activism and the promotion of community development investing.
At Domini Social Investments, socially responsible investing includes the following:
- Socially and environmentally screened portfolios
- An effective shareholder activism program
- Targeted community development investments
Our lineup of socially responsible investment options provides plan sponsors with several ways to integrate their investments with their institutional values and the concerns of plan participants and donors, while still maintaining a strict fiduciary focus on investment performance, portfolio diversification, and risk management.
The Domini Social Equity Fund provides core stock market exposure through a portfolio of primarily large-cap domestic stocks that have met a set of social and environmental standards. The Fund further promotes corporate social responsibility through its shareholder activism program, which includes the sponsorship of shareholder resolutions and direct dialogue with corporations in the portfolio.
The Domini International Social Equity Fund helps social investors achieve broad international diversification and access a world of investment opportunity, while using their investment dollars to encourage corporate responsibility.
The Domini Social Bond Fund is a unique fixed-income offering that combines a socially and environmentally screened investment-grade bond portfolio with an innovative community investment component. With a primarily investment-grade intermediate-term portfolio of bonds and other fixed-income securities, the Fund can serve as a core fixed-income holding for many investors, or can serve as a diversification vehicle for those primarily invested in the stock market. The Fund seeks to invest up to 10% of its assets in investments that directly support and promote community development.
We offer lower-cost Institutional shares of all Domini Funds to qualified endowments, foundations, religious organizations, nonprofit entities, individuals and certain corporate or similar institutions that meet the Funds' minimum investment requirements. The Domini Social Equity Fund is available in Class R shares for certain qualified retirement plans. See the Funds' current prospectus or call 1-800-762-6814 for more information.
The Domini Funds are available through most major retirement platforms, including Ameriprise Financial, Ameritrade, Charles Schwab, Datalynx (Fiserv), Etrade, FAFN, Fidelity, Financial West Group, ING, JPMorgan, Lincoln Financial, LPL, Merrill Lynch, Manulife/John Hancock, NFS (Fidelity), Pershing, RBC Dain, Scudder, Smith Barney, TD Waterhouse (National Investor Services), T. Rowe Price, UBS, Wachovia/Prudential/AG Edwards, and Wells Fargo. For more information, please contact Domini Institutional Services.
The Domini Funds are not insured and are subject to market risks. 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. You may lose money.
The Domini Social Bond Fund is not insured and is subject to market risks, including interest rate and credit 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 greater credit risks than its other investments.
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.
A 2.00% redemption fee is charged on sales or exchanges of shares made less than 60 days after settlement of purchase or acquisition through exchange, with certain exceptions. See the prospectus for further information.