January 21, 2005

 

DOMINI HIRES NEW DIRECTOR OF BROKER-DEALER DISTRIBUTION
Socially Responsible Investment Firm Welcomes Ken Nostro

 

 

New York, NY – Domini Social Investments, a leading manager of socially responsible mutual funds, has named Kenneth R. Nostro as Director of Broker-Dealer Distribution. He is responsible for client development in the broker-dealer and investment advisory channels.

 

Before joining Domini, Mr. Nostro was vice president at Credit Suisse Asset Management, LLC, where he was responsible for relationship management and client development for third-party distribution clients. He worked previously for Julius Baer Securities and for Warburg Pincus Asset Management, LLC (acquired by Credit Suisse in 1999).

 

 “I am pleased to join Domini in its commitment to social investing and look forward to servicing brokers and advisors.”

 

Mr. Nostro holds a B.S. in marketing and management from Siena College and an M.B.A. in finance from St. John’s University.

 

 

About Domini Social Investments

Domini Social Investments manages more than $1.9 billion in assets for individual and institutional mutual fund investors seeking to create positive change in society by integrating social and environmental criteria into their investment decisions. Its flagship fund, the Domini Social Equity Fund (NASDQ: DSEFX), is the first and largest index fund to use social, environmental, and corporate governance standards. The Fund seeks to include companies with positive records in community involvement, the environment, diversity, and employee relations, and excludes companies deriving significant revenues from alcohol, tobacco, gambling, nuclear power, and weapons contracting. In addition to the Domini Social Equity Fund, the company also offers the intermediate-term Domini Social Bond Fund (NASDQ: DSBFX) and an FDIC-insured money market account (in partnership with ShoreBank), both of which focus on community economic development.

 

Additional information on Domini Social Investments is available on the firm’s website, www.domini.com. Domini’s seventh annual Proxy Voting Guidelines & Shareholder Activism booklet is also available free of charge by calling 1-800-225-3863.

 

 

Each investor should consider the Domini Funds’ investment objectives, risks, charges, and expenses carefully before investing. Obtain a copy of the Funds’ current prospectus for more complete information on these and other topics by calling 1-800-762-6814 or at www.domini.com. Please read the prospectus carefully before investing or sending money.

 

The Domini Funds are subject to market risks and are not insured. You may lose money. Some of the Domini Social Bond Fund’s community development investments may be unrated and carry greater credit risks than its other investments. The Domini Social Bond Fund currently holds a large percentage of its portfolio in mortgage-backed securities. During periods of falling interest rates these securities may prepay the principal due, which may lower the Fund’s return by causing it to reinvest at lower interest rates. DSIL Investment Services, Distributor (DSILD). DSILD and ShoreBank are not affiliated. 1/05