Annual Engagement Report Now Available

2023 Engagement in Review

At Domini, we use our role as a shareholder to encourage stronger policies and practices to advance the twin goals of our Impact Investment Standards: Universal Human Dignity and Ecological Sustainability. Our 2023 engagements focused on climate change and the systemic importance of forests; human rights and workers rights; and access and equity.

Through constructive interaction—via letters, dialogues, shareholder proposals, and proxy votes—we communicate our expectations to companies, both on our own and in collaboration with other investors, and encourage best practices and innovation. In this report, we provide an overview of our 2023 engagement activity across Our Funds, markets, issues, and tools. Through these efforts, we seek to advance the positive impact of our shareholders’ investments on people and planet.

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Before investing, consider each Fund’s investment objectives, risks, charges and expenses. Contact us for a prospectus containing this and other information. Read it carefully.

Unless otherwise stated, the information in this report is for the 2023 calendar year. An investment in the Domini Funds is not a bank deposit and is not insured. Investing involves risk, including possible loss of principal. The market value of Fund investments will fluctuate. The Domini Impact Equity Fund is subject to certain risks including impact investing, portfolio management, information, market, mid- to large cap companies’, and small-cap companies’ risks. The Domini International Opportunities Fund is subject to certain risks including foreign investing, geographic focus, country, currency, impact investing, and portfolio management risks. The Domini Sustainable Solutions Fund is subject to certain risks including sustainable investing, portfolio management, information, market, mid- to large-cap companies’ and small-cap companies’ risks. The Domini Impact International Equity 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. The Domini Impact Bond Fund is subject to certain risks including impact investing, portfolio management, style, information, market, interest rate and credit risks.

The Adviser’s evaluation of environmental and social factors in its investment selections and the timing of the Subadviser’s implementation of the Adviser’s investment selections will affect a Fund’s expo-sure to certain issuers, industries, sectors, regions, and countries and may impact the relative financial performance of a Fund depending on whether such investments are in or out of favor. The value of your investment may decrease if the Adviser’s or Subadviser’s judgement about Fund investments does not produce the desired results. A 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 in their investment selections. There is a risk that information used by the Adviser to evaluate environmental and social factors, may not be readily available or complete, which could negatively impact the Adviser’s ability to evaluate such factors and Fund performance.

As of 12/31/23, these securities represented the following percentages of the Domini Impact Equity Fund’s portfolio: Bank of America Corp. [0.79%]; BorgWarner Inc. [0.03%]; Chubb Ltd. [0.31%]; Deere & Co. [0.36%]; Dollar General Corp. [0.10%]; The Hartford Financial Services Group Inc. [0.08%]; Huntington Bancshares Inc. [0.06%]; Kroger Co. [0.10%];Tesla Inc. [2.36%]; and Westinghouse Air Brake Technologies Corp. (Wabtec Corp) [0.08%]. As of 12/31/23, this security represented the following percentages of the Domini Sustainable Solutions Fund’s portfolio: Deere & Co. [2.33%]; Tesla Inc. [2.37%].

Unless otherwise stated the information in this report is for the 2023 calendar year. Percentages provided in various parts of the report may be rounded.

This Engagement report is provided for informational purposes only. Nothing herein is to be considered a recommendation concerning the merits of any noted company, or an offer of sale or a solicitation of an offer to buy shares of any Fund or company referenced herein. Such offering is only made by prospectus, which includes details as to the offering price and other material information. Please read the prospectus carefully before investing.

The Domini Funds are only offered for sale in the United States. The Domini Funds are distributed by DSIL Investment Services LLC (DSILD), Member FINRA. Domini Impact Investments LLC (Domini) is the Funds’ Adviser. Domini Impact International Equity Fund and Domini Impact Bond Fund are subadvised by Wellington Management Company LLP. DSILD and Domini are not affiliated with Wellington Management Company LLP. Domini Impact Equity Fund, Domini International Opportunities Fund and Domini Sustainable Solutions Fund are subadvised by SSGA Funds Management, Inc. DSILD and Domini are not affiliated with SSGA Funds Management, Inc.

Domini Impact Investments®, Domini®, Investing for Good®, and The Way You Invest Matters® are registered service marks of Domini. Domini International Opportunities Fund℠, Domini Sustainable Solutions Fund℠, Domini Impact Equity Fund℠, Domini Impact International Equity Fund℠, Domini Impact Bond Fund℠ are service marks of Domini. The Domini Impact Investment Standards is copyright © 2006-2024 by Domini Impact Investments LLC. All rights reserved. 5/24

Report prepared by Mary Beth Gallagher, Director of Engagement. Design by Bennett Grizzard, Creative Director