Domini Impact International Equity FundSM
The Domini Impact International Equity FundSM helps you access a world of investment opportunity, while using your investment dollars to encourage corporate responsibility. Investments in companies across Europe, the Asia-Pacific region, and throughout the rest of the world let you take advantage of broad international diversification with the convenience of one mutual fund.
We’re proud to be recognized as “Boutique investment manager of the year – Americas”
Read more about Domini Impact Investments’ long history in the field and about what makes us different.
Net Assets as of 9/30/24
Fund: $848.4 million
Investor shares: $195.5 million
Daily Price (NAV)
Daily NAV Change
Adviser
Domini Impact Investments LLC
Subadviser
Wellington Management Company LLP
Inception Date
12/27/06
Symbol
DOMIX
Portfolio Managers
Annual Expense Ratio
Gross: 1.27%/Net: 1.27%
Per current prospectus
Front-End Sales Charge (Load)
None
Minimum Initial Investment
$2,500 for standard accounts
$1,500 for retirement accounts, custodial and educational accounts, and standard accounts opened with an automatic investment plan
Investment Strategy
The Fund invests in a diversified portfolio of primarily mid-to large-capitalization companies in Europe, the Asia-Pacific region, and throughout the rest of the world. It is managed through a two-step process designed to capitalize on the strengths of Domini Impact Investments and Wellington Management, the Fund’s Subadviser.
Guided by our Impact Investment Standards, Domini creates an approved list of companies based on our in-depth research and analysis of each company’s environmental and impact. Wellington constructs and manages a portfolio of Domini-approved companies using a quantitative stock-selection process.
The Fund may change any of the policies described above at any time.
Investor Shares Performance
| Fund | YTD | 1 YR | 3 YR* | 5 YR* | 10 YR* |
|---|---|---|---|---|---|
| DOMIX | 11.49 | 18.72 | 4.02 | 5.27 | 4.52 |
| MSCI EAFE NR | 6.24 | 11.88 | 4.15 | 5.89 | 5.07 |
| Fund | YTD | 1 YR | 3 YR* | 5 YR* | 10 YR* |
|---|---|---|---|---|---|
| DOMIX | 14.69 | 30.66 | 4.58 | 6.76 | 4.97 |
| MSCI EAFE NR | 12.99 | 24.77 | 5.48 | 8.2 | 5.71 |
| DOMIX | MSCI EAFE NR | |
|---|---|---|
| 2023 | 21.39 | 18.24 |
| 2022 | -20.84 | -14.45 |
| 2021 | 10.68 | 11.26 |
| 2020 | 5.73 | 7.82 |
| 2019 | 16.95 | 22.01 |
| 2018 | -16.34 | -13.79 |
| 2017 | 24.60 | 25.03 |
| 2016 | 3.05 | 1.01 |
| 2015 | 1.76 | -0.82 |
| 2014 | -3.27 | -4.90 |
| 2013 | 25.77 | 22.79 |
| DOMIX | MSCI EAFE NR | |
|---|---|---|
| Q3 2024 | 7.54 | 7.26 |
| Q2 2024 | 0.01 | -0.42 |
| Q1 2024 | 6.64 | 5.79 |
| Q4 2023 | 13.93 | 10.42 |
| Q3 2023 | -4.18 | -4.11 |
*Average annual total returns.
Returns for periods of less than one year are not annualized.
Gross/Net Annual Expense Ratio: 1.27%/1.27% Per current prospectus.
Past performance is no guarantee of future results. The Fund’s returns quoted above represent past performance after all expenses. The returns reflect any applicable expense waivers in effect during the periods shown. Without such waivers, Fund performance would be lower. Investment return, principal value, and yield will fluctuate. Your shares, when redeemed, may be worth more or less than their original cost. Select the Performance Tab above for more complete performance information, including returns current to the most recent month-end, which may be lower or higher than the performance data quoted. See the prospectus for further information.
An investment in the Domini Impact International Equity Fund is not a bank deposit and is not insured. The Fund is subject to certain risks including foreign investing and emerging markets, geographic focus, country, currency, impact investing, portfolio management, and quantitative investment approach risks. 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. These risks may be heightened in connection with investments in emerging market countries. You may lose money. See the prospectus for more information on risk.
The performance above does not reflect the deduction of fees and taxes that a shareholder would pay on Fund 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.
Although the Domini Impact International Equity Fund Investor shares are no-load, certain fees and expenses apply to a continued investment and are described in the prospectus.
The Morgan Stanley Capital International Europe, Australasia, and Far East Net Total Return USD Index (MSCI EAFE NR) is a market-capitalization weighted index representing the performance of large- and mid-capitalization companies in developed markets outside the United States and Canada. MSCI EAFE NR returns reflect reinvested dividends net of withholding taxes but reflect no deduction for fees, expenses or other taxes. Investors cannot invest directly in the MSCI EAFE NR.
Holdings
| Security Name | Weight (%) |
|---|---|
| Novartis AG Reg | 3.7 |
| Novo Nordisk A/S B | 3.4 |
| ABB Ltd Reg | 2.7 |
| Recruit Holdings Co Ltd | 2.5 |
| 3I Group Plc | 2.3 |
| Fast Retailing Co Ltd | 2.3 |
| Intercontinental Hotels Grou | 2.2 |
| Pro Medicus Ltd | 2.1 |
| MS+AD Insurance Group Holdings | 2.0 |
| Banco Santander SA | 2.0 |
| Total | 25 |
| Sector | Weight (%) |
|---|---|
| Financials | 23.7 |
| Health Care | 16.2 |
| Industrials | 14.9 |
| Consumer Discretionary | 13.2 |
| Information Technology | 11.2 |
| Consumer Staples | 6.2 |
| Materials | 5.8 |
| Real Estate | 5 |
| Communication Services | 3.2 |
| Utilities | 0.6 |
| Total | 100 |
| Country | Weight (%) |
|---|---|
| Japan | 19.6 |
| United Kingdom | 13.2 |
| Switzerland | 10.1 |
| France | 8.3 |
| Germany | 6.2 |
| Australia | 5.5 |
| Denmark | 4.9 |
| Spain | 4.7 |
| Netherlands | 4 |
| Italy | 3.8 |
| Other | 19.7 |
| Total | 100 |
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.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”) and is licensed for use by Domini Impact Investments. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification nor shall any such party have any liability therefrom.
Portfolio Characteristics
Portfolio Statistics*
| Performance | Fund | MSCI EAFE NR |
|---|---|---|
| Number of Holdings | 173 | |
| Annual Turnover (as of July 31, 2024)** | 89% | |
| Weighted-Average Market Cap ($M) | 70,274 | |
| Median Market Cap ($M) | 12,212 | |
| Price/Book Ratio | 1.7x | |
| Price/Earnings Ratio (Trailing 12 Months) | 15.6x | |
| Return on Equity (Trailing 12 Months) | 11.1% | |
| Tracking Error (1-Year Projected) | 2.9% | |
| Beta (1-Year Projected) | 1.04 |
* Source: Bloomberg Portfolio Risk & Analytics, except as noted by **.
All characteristics are as of June 30, 2024 unless otherwise noted.
Quick Links
Investor Profile
Who should invest?
- Investors seeking long-term growth of capital
- Investors committed to the Fund’s impact investment standards
Who should not invest?
- Investors unwilling or unable to accept moderate to significant fluctuations in share price
Domini News
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Third Quarter 2024 Impact Update Now Available
In our latest Impact Update, we highlight recent efforts to ensure companies and policymakers are prioritizing the well-being, safety, and rights of all stakeholders. From advocating for binding policies on workers’ rights and protections for human rights defenders, to promoting access to affordable medicine and sustainable growth of data centers—we continue to use our voice…
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Highlight from Our Impact Research: Promoting Sustainability in Retail
Domini evaluates companies in the retail sector who have a unique opportunity to lead.
Definitions
Annual Turnover is the lesser of purchases or sales for the trailing 12 months divided by the portfolio’s average trailing 13-month net asset values.
Price/Book Ratio is the weighted harmonic average of the price/book ratios of the stocks in the portfolio, which are the stocks’ most recent closing prices divided by their book value per share.
Price/Earnings Ratio is the weighted harmonic average of the price/earnings ratios of the stocks in the portfolio, which are the stocks’ most recent closing prices divided by their earnings per share over the trailing 12 months.
Return on Equity is the portfolio’s total net income less cash preferred dividends divided by the portfolio’s total common equity.
Tracking Error is the standard deviation of residual returns, which are the differences between fund’s projected returns and the index’s projected returns. Tracking error measures the degree of dispersion of fund returns around the index. Generally, the higher the tracking risk, the greater the active bets the manager has taken.
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.
Effective on February 6, 2024, Mark Yarger of Wellington Management Company LLP is joining the portfolio management team of the Domini Impact International Equity Fund as a portfolio manager.
Effective on June 30, 2024, David Elliott is retiring as a portfolio manager of the Domini Impact International Equity Fund, and the portfolio managers of the Fund will be Christopher Grohe and Mark Yarger of Wellington Management.