Domini Social Bond Fund (DSBFX)
Investment Strategy: Domini invests at least 85% of assets in intermediate-term, investment-grade fixed-income securities, including government agency, corporate, mortgage-backed and asset-backed securities, taxable municipal bonds, and U.S. dollar-denominated bonds issued by non-U.S. entities. The Fund social goals include investing up to 10% of its assets in debt instruments and other investments that provide a high level of community impact. The Fund's portfolio is weighed more heavily towards government issued bonds than corporate bonds.
Performance: The year to date performance as of July 28, 2011 is 2.08%.
Costs: The minimum investment is $2,500, $1,500 for an IRA account, and $1,500 with an automatic investment plan. This is a no load fund with no front or back end sales charge. The current expense ratio is .95 percent, but additional fees of .38 percent will kick in after November 30, 2011.
Risks: Approximately 49 percent of the fund's holdings are in U.S. government agency mortgage securities, which have traditionally provided investors with a greater guarantee from the risk of default. The average credit rating is AAA with an effective maturity is 4.9 years.