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Domini Impact Equity Fund sm

Fund Information

$23.84
Daily Price (NAV)
as of 04/18/2018
Symbol DSEPX
Daily NAV Change $-0.02 (-0.08%)

Overview

Class A Shares Overview

Class A shares are intended for investors who invest through a financial advisor. They carry a front-end sales charge (load) that is paid to the advisor buying the Fund on behalf of the investor. If you do not invest through a financial advisor, please refer to the Investor shares.

Socially and environmentally concerned investors have social, as well as financial, objectives. The Domini Impact Equity Fund seeks to meet these objectives by offering a diversified stock portfolio for long-term capital appreciation that is consistent with social and environmental priorities.

Investment Objective

The Fund seeks to provide its shareholders with long-term total return.

Investment Strategy

The Fund invests primarily in stocks of U.S. companies that meet Domini Impact Investments’ social and environmental standards.

Subject to these standards, Wellington Management Company, LLP, the Fund’s submanager, seeks to add value using a diversified quantitative stock selection approach, while managing risk through portfolio construction.

Social and Environmental Standards

Domini evaluates the Fund’s current and potential investments 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.

Domini may determine that a security is eligible for investment even if a corporation’s profile reflects a mixture of positive and negative social and environmental characteristics.

Investor Profile

Who Should Invest:

  • Investors seeking long-term growth of capital.
  • Investors committed to the Fund's socially responsible investment standards.

Who Should Not Invest:

  • Investors unwilling or unable to accept moderate to significant fluctuations in share price.

Performance

Class A Shares Performance


Month-End Returns as of 3/31/18
YTD1 Yr3 Yr*5 Yr*10 Yr*Since Inception (6/3/91)*
DSEPX (without load)-0.71%9.07%5.30%10.16%7.81%8.36%
DSEPX (with max. load)-5.43%3.89%3.60%9.10%7.29%8.16%
S&P 500-0.76%13.99%10.78%13.31%9.49%9.61%

Quarter-End Returns as of 3/31/18
YTD1 Yr3 Yr*5 Yr*10 Yr*Since Inception (6/3/91)*
DSEPX (without load)-0.71%9.07%5.30%10.16%7.81%8.36%
DSEPX (with max. load)-5.43%3.89%3.60%9.10%7.29%8.16%
S&P 500-0.76%13.99%10.78%13.31%9.49%9.61%

Calendar Year Returns
DSEPX (without load)S&P 500
201715.44%21.83%
201611.21%11.96%
2015-7.38%1.38%
201413.99%13.69%
201332.93%32.39%
201211.39%16.00%
20110.85%2.11%
201013.80%15.06%
200935.53%26.46%
2008-37.88%-37.00%
20071.46%5.50%
200612.58%15.79%
20052.03%4.91%
20049.26%10.88%
200327.13%28.69%
2002-20.69%-22.10%
2001-12.76%-11.88%
2000-15.05%-9.11%
199922.63%21.04%
199832.99%28.58%
199736.02%33.36%
199621.84%23.07%
199535.17%37.50%
1994-0.36%1.26%
19936.54%10.08%
199212.10%7.68%

Quarterly Returns
DSEPX (without load)S&P 500
1st Qtr 2018-0.71%-0.76%
4th Qtr 20174.77%6.64%
3rd Qtr 20174.55%4.48%
2nd Qtr 20170.28%3.09%
1st Qtr 20175.09%6.07%
4th Qtr 20163.95%3.82%
3rd Qtr 20167.58%3.85%
2nd Qtr 2016-1.98%2.46%
1st Qtr 20161.45%1.35%
4th Qtr 20152.28%7.04%
3rd Qtr 2015-8.39%-6.44%
2nd Qtr 2015-2.25%0.28%
1st Qtr 20151.12%0.95%
4th Qtr 20143.30%4.93%
3rd Qtr 20141.49%1.13%
2nd Qtr 20145.72%5.23%
1st Qtr 20142.84%1.81%
4th Qtr 20139.45%10.51%
3rd Qtr 20137.22%5.24%
2nd Qtr 20132.73%2.91%
1st Qtr 201310.26%10.61%

*Average annual total returns.

On 11/30/06, the Fund changed to an active management strategy. Past performance through 11/29/06 represents the former passive investment strategy, and is not indicative of future results. A shares were not offered prior to 11/28/08. All performance information for time periods beginning prior to November 28 is the performance of the Investor shares. This performance has not been adjusted to reflect the lower expenses of the Class A shares, but unless otherwise noted, does reflect an adjustment for the maximum applicable sales charges of 4.75%.

Annual Expense Ratio: Gross: 1.41% / Net: 1.12%. Per current prospectus. Domini has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses in order to limit Class A share expenses to 1.12% of its average daily net assets per annum until 11/30/18, absent an earlier modification by the Fund’s Board. See prospectus for details. The Fund’s performance would have been lower had these fees not been waived.

The Domini Impact Equity Fund Class A shares are subject to a front-end sales charge of up to 4.75%. The quarterly and calendar performance tables above do not reflect the deduction of this sales charge. If the sales charge were reflected, the performance would have been lower.

Holdings

Ten Largest Holdings as of 2/28/18
COMPANY% OF PORTFOLIO
Alphabet Inc. Class A3.6%
Mastercard Inc. A3.2%
Intel Corp.2.8%
IBM Corp.2.7%
Walgreens Boots Alliance Inc.2.6%
Prudential Financial Inc.2.6%
Gilead Sciences Inc.2.5%
Cummins Inc.2.4%
PepsiCo Inc.2.4%
Bank of America Corp.2.3%
TOTAL27.1%

Sector Weightings as of 12/31/17
SECTOR% OF PORTFOLIO
Information Technology26.1%
Financials15.9%
Health Care14.3%
Consumer Discretionary11.0%
Consumer Staples8.8%
Industrials8.2%
Telecommunication Services4.3%
Real Estate4.0%
Materials3.7%
Utilities3.2%
Energy0.4%
Total100.0%

View the most recent quarterly holdings report filed with the Securities and Exchange Commission.

 

Characteristics

Portfolio Overview

Socially screened, mid- to large-capitalization domestic equity fund.

 

Investment Style:

Blend

Weighted Average Market Capitalization:

Large

Portfolio Statistics

  DSEPX S&P 500
Price-to-Earnings Ratio (projected) 15.2x 17.2x
Price-to-Book Ratio 2.9x 3.3x
Beta (projected) 1.00 --
R-squared (projected) 0.97 --
Market Cap Asset Weighted Avg. (Millions) $121,007 $178,608
Total Number of Holdings 98 500

All data as of 9/30/17 unless otherwise noted.

Definitions:

The Price/Earnings Ratio is a stock’s current price divided by the company’s trailing 12-month earnings per share. The Price/Book Ratio is used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. The P/E and P/B ratio of a fund is the weighted average of the price/earnings and price/book ratios of the underlying stocks in a fund’s portfolio. 

R-squared measures how a fund’s performance correlates with a benchmark index’s performance and shows what portion of it can be explained by the performance of the overall market/index. R-squared ranges from  0, meaning no correlation, to 1, meaning perfect correlation.

Beta is a measure of the volatility of a fund relative to its benchmark index. A beta greater (less) than 1 is more (less) volatile than the index.

Commentary

Class A Shares Performance Commentary

The Fund invests primarily in mid- and large-cap U.S. equities. It is managed through a two-step process designed to capitalize on the strengths of Domini Impact Investments and Wellington Management Company, the Fund’s subadvisor. Domini creates an approved list of companies based on its social, environmental and governance analysis, and Wellington seeks to add value and manage risk through a systematic and disciplined portfolio construction process. Download Commentary as a PDF.

Making a Difference

Domini engages in direct dialogue with corporations in our portfolios and files shareholder proposals on a broad range of social, environmental, and corporate governance issues. Shareholder activism — the practice of active ownership — lies at the heart of what we believe responsible investing is all about. Here are a few ways your investment in the Domini Funds has made a difference. For more stories, click here.

Domini Funds 2017 Impact Report

We are very happy to release the Domini Funds 2017 Impact Report, detailing how we create positive change through standards setting, advocacy, and fixed-income community investing.

 

 

A Season of Accountability

If you sit on the board of a publicly traded company, there is only one time of year when you must face your shareholders. For most companies, that time is at the spring annual meeting. Since the 1960’s, shareholders have raised key issues of concern at these meetings, from napalm production to racial discrimination to climate change. On behalf of our fund shareholders, we have submitted more than 250 shareholder proposals over the past 22 years, ensuring that your voice is heard.

Protecting Freedom of Expression and Privacy on the Internet

Internet and telecommunications companies receive thousands of requests per year from governments around the world to censor content or divulge information about their users. Many of these requests violate international human rights principles. For the past ten years, Domini has helped to build the Global Network Initiative (GNI), an organization focused on protecting freedom of expression and privacy from improper government intrusion.

Mandatory Sustainability Reporting

In April, the Securities and Exchange Commission (SEC) issued a historic Concept Release, seeking comments on a wide range of rules that require publicly traded companies to disclose information to their investors. We were very pleased to see the inclusion of a series of questions about sustainability information among the Release’s more than 300 pages.

Positive Change at Four Companies

In addition to using social, environmental and governance standards to select our investments, each year the Domini Social Equity Fund submits shareholder proposals to corporations in its portfolio, addressing a broad range of social and environmental issues.  They send a strong message to corporate management, and can often encourage the company to speak to us about reaching an agreement.