A Bond Fund That Makes a Difference

The Domini Social Bond Fund (Ticker: DSBFX) is a high quality, high performing, high social impact fund that offers you an opportunity to make a difference.
To find out more, please visit our website.

Past performance is no guarantee of future results. The Fund's returns quoted above represent past performance after all expenses. 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. For performance information current to the most recent month-end, visit our website or call 1-800-582-6757. Each fund charges a 2.00% redemption fee on sales or exchanges of shares made less than 30 days after the settlement of purchase or acquisition through exchange, with certain exceptions. See the Fund's current prospectus for further information.

For the period reported in its current prospectus, during which net operating expenses were capped by the Fund's Manager, the Fund's gross annual operating expenses totaled 1.43% of net assets. Until November 30, 2009, 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, 0.95% of its average daily net assets representing Investor shares absent an earlier modification by the Board of Trustees,which oversees the Fund.

Domini Selected for SEC Investor Advisory Committee

Domini Social Investments' Managing Director and General Counsel, Adam Kanzer, has been selected to join the Securities and Exchange Commission's newly formed Investor Advisory Committee. The 18-member committee was established to provide the SEC with the views of a broad spectrum of investors on the Commission's regulatory agenda. Committee members will serve for a term of two years. Read more on Domini's website and visit the SEC's website for the official announcement.

Domini Wins Strong Vote on Predatory Credit Card Practices

A Domini-sponsored resolution asking Bank of America's Board of Directors to assess the extent to which the Bank uses predatory credit card practices gained a vote of 33.38% at the company’s annual meeting. Among other suggestions, we called on Bank of America to put an immediate end to non-default repricing of existing balances. Read more on Domini's website. 

Domini Endorses Employee Free Choice Act

The Employee Free Choice Act (EFCA), currently pending in both houses of Congress, is considered the most significant piece of U.S. labor law reform in a generation. Human Rights Watch has called it "a human rights imperative," saying it addresses many inadequacies of U.S. law that have permitted a range of anti-union tactics. The Act faces strong opposition from the U.S. business community.

On May 11, Domini joined an international coalition of major institutional investors in endorsing the Act. The group, all signatories to the Principles for Responsible Investment, includes institutions from the U.S., Canada, Australia, and several European countries managing $372 billion. Domini helped to draft the letter to Congress formally endorsing the Act, and assisted in the overall coordination of the effort. Read more on Domini's website.

Amy Domini on the Economic Outlook

In her President's Letter introducing this year's Semi-Annual Report for the Domini Funds, Amy Domini writes, "I feel optimistic about the ability of the stock markets to recover. But I feel particularly optimistic about the new administration's focus on green energy, effective regulation, safer foods and toys, and universal healthcare. I was privileged to attend a meeting of Obama's transition team in January, and I intend to continue to ensure that the voice of the responsible investor is heard in Washington. We are traveling through a very rough patch, but a brighter future is already unfolding.”

To read the rest of Amy's letter, and the rest of the Semi-Annual report, including a discussion of how your investments can help struggling communities, please visit our website.

Amy Domini Receives Award for Professional Ethics

On March 31, Amy Domini received Villanova University's 2009 Praxis Award in Professional Ethics. "In its own way," said Mark Doorley, director of Villanova's ethics program, "the Praxis Award in Professional Ethics celebrates the University's commitment to a holistic education. We celebrate people who take seriously their role as a responsible member of their professional community, or who use their academic position to advance the conversation about the role of ethics in the professions." He noted that Amy's career "exemplifies her commitment to engaging the rest of her profession to recognize their responsibilities." Read more on Domini's website.

New Report Highlights Pollution Costs in Shipping Industry

A new report on the shipping sector has been compiled by the environmental research company Trucost and released by Eurosif, the European Social Investment Forum. Domini's research analysts contributed data and analysis to the report. The report is the latest in a series of concise reports on environmental, social, and governance challenges in various industries. Read more on Domini's website.

Sustainable Investing Book Features Foreword by Steve Lydenberg

Sustainable Investing: The Art of Long-Term Performance (Earthscan, London December 2008) brings together the expertise of international authorities on social investing.

Steve Lydenberg, Domini's Chief Investment Officer, contributed the foreword to the book. In it, he said, "Today, the concept of sustainable investing is taking root, not only in corporations and the public equities market, but across asset classes as well - from clean technology venture capital, to sustainable fixed income, to green real estate development." Read more on Domini's website.

You should consider the Domini Funds' investment objectives, risks, charges and expenses carefully before investing. View or order a copy of the Funds' current prospectus for more complete information on these and other topics. Please read the prospectus carefully before investing or sending money.

The performance information quoted above does not reflect the deduction of taxes that a shareholder would pay on 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. An investment in the Fund is not a bank deposit and is not insured. You may lose money. Certain fees payable by the Fund were waived during the period, and the Fund's average annual total returns would have been lower had these not been waived.

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.

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 Barclays Capital Intermediate Aggregate Index (BCIA) is an unmanaged index of intermediate-duration fixed-income securities. You cannot invest directly in an index.

DSIL Investment Services LLC, Distributor. 05/09

Domini Social Investments, P.O. Box 9785, Providence, RI 02940