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Domini Social Bond Fund
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Download a Prospectus in PDF. |
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Symbol: DSBFX
Fund Type: Intermediate-term, investment-grade bond fund. Socially screened, with community development emphasis.
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Net Assets
Expense Ratio1
Dividends
Capital Gains |
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Minimum Initial Investment $2,500 ($1,500 for IRAs) $1,500 Automatic investment plan
Initial Sales Fee
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Investment Objective The Domini Social Bond Fund seeks to provide its shareholders with a high level of current income and total return by investing in bonds and other debt instruments that meet the Fund's social and environmental standards.
Investment Strategy
The Fund seeks to invest up to 10% of its assets in debt instruments and other investments that provide a high level of community impact. These investments may be illiquid, unrated, and may carry greater credit risks than its other holdings.
Management
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Social and Environmental Standards The Fund's holdings are evaluated based on their performance in the following areas: the environment, diversity, community involvement, employee relations, and product safety and usefulness. The Fund seeks to avoid issuers that derive significant revenues by manufacturing tobacco products, alcoholic beverages, or gambling equipment, or through ownership of gambling enterprises. The Fund also seeks to avoid issuers that Domini determines have a significant direct ownership share in, or operate, nuclear power plants, or are major military weapons manufacturers. The Fund also excludes U.S. Treasuries because they finance the purchase of nuclear weapons. However, the fund does invest in obligations of U.S. government agencies.
Community Economic Development
Investor Profile · Investors seeking a high level of current income and total return · Investors seeking exposure to the bond market to diversify their portfolio · Investors who wish to support the Fund's socially responsible investment standards and its community development emphasis
Who Should Not Invest · Investors unwilling or unable to accept fluctuations in share price due to risks associated with the bond market
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1Until November 30, 2011, Domini Social Investments LLC has contractually agreed to waive certain fees and/or reimburse certain expenses, including management fees, so that the Fund's expenses will not exceed, on a per annum basis, 0.95% of its average daily net assets. The Domini Social Bond Fund is not insured and is subject to market risks, including interest rate and credit risks. During periods of rising interest rates, bond funds can lose value. The Domini Social Bond Fund currently holds a large percentage of its portfolio in mortgage-backed securities. During periods of falling interest rates, mortgage-backed securities may prepay the principal due, which may lower the Fund’s return by causing it to reinvest at lower interest rates. Some of the Domini Social Bond Fund's community development investments may be unrated and carry greater credit risks than its other investments. Although the Domini Social Bond Fund is no-load, certain fees and expenses apply to a continued investment and are described in the prospectus The composition of the Fund's portfolio is subject to change. |
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