Domini Sustainable Solutions FundSM
Thematic equity strategy dedicated to investing in solutions to global sustainability challenges
The Domini Sustainable Solutions FundSM offers investors an opportunity to help finance solutions to some of the world’s greatest sustainability challenges.
Through a high-conviction portfolio of select companies that meet our sustainability themes, the Fund seeks to provide long-term total return consistent with the promotion of universal human dignity and ecological sustainability, while also supporting the transition to a more sustainable economy. For investors looking to allocate a portion of their portfolios to investing in solution-oriented innovation, the Fund offers a straightforward, professionally managed way to invest for both long-term financial return and positive impact.
By investing in companies that are developing and providing solution-oriented products and services—from renewable energy systems and clean water technologies to breakthrough medical innovations and lending for underserved communities—we believe investors can play an important role in building a more sustainable future, while benefiting from strong long-term growth opportunities.
Net Assets as of 6/30/2026
Fund: $56.9 million
Investor shares: $39.7 million
Daily Price (NAV)
Daily NAV Change
Adviser
Domini Impact Investments LLC
Subadviser
SSGA Funds Management, Inc.
Inception Date
4/1/2020
Symbol
CAREX
Portfolio Managers
Annual Expense Ratio2
Gross: 2.05%/Net: 1.30%3
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 globally in companies of any size, seeking strong investment opportunities aligned with its sustainability themes.
Impact Investment Standards & Research
As with all the Domini Funds, the Fund invests only in companies that meet our Impact Investment Standards. We conduct in-depth, fundamental research on all companies in the Domini Funds’ investment universe and evaluate each company’s environmental and social impact to determine whether it is eligible for investment in accordance with our standards.
In accordance with our exclusionary standards, the Fund seeks to avoid investment in manufacturers and providers of weapons and firearms, nuclear power, fossil fuels, for-profit prisons and immigration detention centers, alcohol, tobacco, and gambling.
Sustainability Themes
The Fund is dedicated to investing in companies developing and providing solution-oriented products and services that help:
- Accelerate the transition to a low-carbon future
Examples: Renewable energy, distributed generation, off-grid solutions, energy storage, electric vehicles, energy management solutions, energy-efficient technologies, or related financial services - Contribute to the development of sustainable and resilient communities
Examples: Energy-efficient transportation systems, affordable and/or resilient housing, sustainable infrastructure solutions, green buildings and materials, or related real estate investments - Promote a circular economy with sustainable production and consumption
Examples: Efficient usage of natural resources, products using recycled or recyclable materials, products with longer life cycles, or solutions for product life cycle extension - Provide access to clean water
Examples: Water infrastructure, affordable water services, water treatment solutions, plumbing and flow-control equipment, or water harvesting or conservation solutions - Support more sustainable food and agricultural systems
Examples: Production or access to healthy, organic, plant-based, and/or fair-trade food, resource-efficient agriculture, support for small-scale farming, or the reduction of food waste - Promote societal health and well-being
Examples: Vaccines or other preventative health care solutions, diagnostics, medicines, innovative medical equipment or technologies, or solutions related to consumer health, nutrition, fitness or safety - Broaden financial inclusion and/or promote sustainable finance
Examples: Improvement of, or access to, capital, banking, insurance, investment, or other financial products or services - Bridge the digital divide and/or support sustainable information and communication systems
Examples: Access to information and communication technologies/services, education, training, or job placement, communications or network infrastructure, cybersecurity solutions, or related enterprise technology solutions
Portfolio Management
The Fund’s investment team constructs and maintains a portfolio of fewer than 50 Domini-eligible companies that support the Fund’s sustainability themes. Portfolio construction is benchmark-unconstrained, and the team conducts bottom-up fundamental research and financial analysis to identify and select stocks in which it has strong long-term investment conviction.
The team is led by Domini’s Founder and Chair, Amy Domini, CFA; CEO, Carole Laible; and Director of Financial Research, Maria Llerena, CFA. It is backed by an in-house team of experienced impact research and financial analysts.*
Engagement
Domini seeks to amplify the Fund’s impact by engaging with companies—through direct dialogue and proxy voting—to address environmental and social risks, promote best practices, and encourage the adoption of more responsible and sustainable business models. Learn more.
The Fund may change any of the policies described above at any time.
* SSGA Funds Management, Inc. serves as the Fund’s Subadviser, responsible for placing trades to implement Domini’s investment instructions and managing the Fund’s cash needs.
Investor Shares Performance
| Fund | YTD | 1 YR | 3 YR* | 5 YR* | Since Inception |
|---|---|---|---|---|---|
| CAREX | 15.73 | 19.53 | 17.30 | 3.33 | 13.21 |
| MSCI World EQ WTD NR | 8.70 | 11.46 | 16.48 | 7.28 | 13.99 |
| Fund | YTD | 1 YR | 3 YR* | 5 YR* | Since Inception |
|---|---|---|---|---|---|
| CAREX | 15.73 | 19.53 | 17.30 | 3.33 | 13.21 |
| MSCI World EQ WTD NR | 8.70 | 11.46 | 16.48 | 7.28 | 13.99 |
| CAREX | MSCI World EQ WTD NR | |
|---|---|---|
| 2025 | 13.67 | 21.41 |
| 2024 | 10.04 | 7.68 |
| 2023 | 13.16 | 16.70 |
| 2022 | -27.19 | -16.80 |
| 2021 | -6.51 | 14.88 |
| CAREX | MSCI World EQ WTD NR | |
|---|---|---|
| Q2 2026 | 19.25 | 9.09 |
| Q1 2026 | 2.84 | -0.53 |
| Q4 2025 | 3.28 | 2.53 |
| Q3 2025 | 5.59 | 4.49 |
| Q2 2025 | 8.71 | 10.38 |
* Average annual total returns
1. CAREX Inception date April 1, 2020
Returns for periods less than one year are not annualized.
Gross/Net Annual Expense Ratio: 2.05%/1.30%2,3 Per current prospectus.
2. The Fund’s Adviser has contractually agreed to waive certain fees and/or reimburse certain ordinary operating expenses (excluding brokerage fees and commissions, interest, taxes, and other extraordinary expenses) in order to limit Investor share expenses to 1.30% through November 30, 2026, absent an earlier modification by the Fund’s Board. There can be no assurance that the Adviser will extend the expense limitations beyond such time. While in effect, the arrangement may be terminated for a class only by agreement of the Adviser and the Fund’s Board of Trustees.
3. Restated to reflect current fees.
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. See Investor Shares Performance above for more 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 Sustainable Solutions Fund is not a bank deposit and is not insured. The Fund is subject to certain risks, including the loss of principal, sustainable investing, portfolio management, information, market, equity securities, mid- to large-cap companies’ and small-cap companies’ 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. See the prospectus for more information on risk.
The Adviser’s evaluation of environmental and social factors in its investment selections, as well as its evaluation of a company’s commitment to sustainability solutions, and the timing and amount of the Subadviser’s implementation of the Adviser’s investment selections will affect the Funds’ exposure to certain issuers, industries, sectors, regions, and countries and may impact the relative financial performance of the Fund – positively or negatively – depending on whether such investments are in or out of favor. The Fund may forego some investment opportunities, including investments in certain market sectors that are available to funds that do not consider environmental and social factors and sustainability solutions in their investment selections.
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 Sustainable Solutions 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 World Equal Weighted Net Total Return USD Index (MSCI World EQ WTD NR) is an equal-weighted index representing the performance of large- and mid- capitalization companies in developed markets. The MSCI World EQ WTD NR returns include the reinvestment of dividends net of withholding tax, but do not reflect other fees, expenses or taxes. Investors cannot invest directly in the MSCI World EQ WTD NR.
Holdings
| Security Name | Weight (%) |
|---|---|
| Palo Alto Networks Inc | 4.9 |
| Vertex Pharmaceuticals Inc | 3.9 |
| Caixabank SA | 3.6 |
| Crowdstrike Holdings Inc A | 3.6 |
| DNB Bank Asa | 3.3 |
| Natera Inc | 3.3 |
| Resona Holdings Inc | 3.3 |
| Quest Diagnostics Inc | 3.1 |
| Ventas Inc | 3.0 |
| Federal Agric Mtg Corp Class C | 2.9 |
| Total | 35 |
| Sector | Weight (%) |
|---|---|
| Information Technology | 27.0 |
| Industrials | 25.6 |
| Health Care | 16.7 |
| Financials | 12.4 |
| Materials | 4.7 |
| Utilities | 4.2 |
| Consumer Discretionary | 3.1 |
| Communication Services | 2.2 |
| Consumer Staples | 2.1 |
| Real Estate | 2.0 |
| Total | 100 |
| Performance | Weight (%) |
|---|---|
| United States | 61.1 |
| United Kingdom | 6.7 |
| Japan | 4.6 |
| Italy | 4.3 |
| Australia | 4.0 |
| Germany | 3.9 |
| Norway | 3.6 |
| Spain | 3.0 |
| Netherlands | 2.6 |
| France | 1.7 |
| Other | 4.6 |
| Total | 100 |
Fund Portfolio weights exclude cash and cash equivalents. Numbers may not add up to totals due to rounding.
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 | |
|---|---|---|
| Number of Holdings | 46 | |
| Annual Turnover (as of July 31, 2025)** | 64% | |
| Weighted-Average Market Cap ($M) | 90,924 | |
| Median Market Cap ($M) | 34,374 | |
| Price/Book Ratio | 4.3x | |
| Price/Earnings Ratio (Trailing 12 Months) | 27.8x | |
| Return on Equity (Trailing 12 Months) | 16.30% |
* Source: Bloomberg Portfolio Risk & Analytics, except as noted by **.
All characteristics are as of March 31, 2026, unless otherwise noted.
Quick Links
Fund Distributions
Dividends
Distributed semi-annually
Capital Gains
Distributed annually
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
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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.