Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Domini Sustainable Solutions Fund
mutual fund
CAREX
Payout Change
Pending
Price as of:
$16.49
+0.09
+0.55%
primary theme
U.S. Mid-Cap Growth Equity
share class
CAREX (Mutual Fund)
Domini Sustainable Solutions Fund
Payout Change
Pending
Price as of:
$16.49
+0.09
+0.55%
primary theme
U.S. Mid-Cap Growth Equity
share class
CAREX (Mutual Fund)
Domini Sustainable Solutions Fund
Payout Change
Pending
Price as of:
$16.49
+0.09
+0.55%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
14.9%
1 yr return
26.7%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
N/A
Net Assets
$37.9 M
Holdings in Top 10
35.7%
52 WEEK LOW AND HIGH
$16.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 65.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CAREX - Profile
Distributions
- YTD Total Return 14.9%
- 3 Yr Annualized Total Return -1.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.87%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameDomini Sustainable Solutions Fund
-
Fund Family NameDomini
-
Inception DateApr 01, 2020
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAmy Thornton
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of companies that demonstrate a commitment to sustainability solutions.
Read More
For purposes of the Fund’s 80% policy, a company demonstrates a commitment to sustainability solutions if the Adviser determines, based on its analysis, that the company provides, invests in or creates products or services that seek to help:
| • | Accelerate the transition to a low‑carbon future, including through renewable energy, distributed generation, off‑grid solutions, energy storage, electric vehicles, or energy-efficient technologies. |
| • | Contribute to the development of sustainable communities, including through safe and affordable housing, eco‑friendly design, low‑carbon transportation systems, or climate-resilient infrastructure. |
| • | Ensure access to clean water, including through the development or maintenance of water infrastructure, affordable water services, or solutions for water treatment, harvesting, conservation, flow-control, plumbing, or heating. |
| • | Support more sustainable food systems, including through the improvement of, or access to, healthy, natural, organic, or plant-based food, the reduction of food waste, promotion of resource-efficient agriculture, or support for small-scale farming. |
| • | Promote societal health and well-being, including through the improvement of, or access to, health care products or services, |
| preventative health care solutions, innovative diagnostics or medicines, mobile medical technologies, or health education services. |
| • | Broaden financial inclusion, including through improvement of, or access to, capital, banking, insurance, investment, or other financial products or services. |
| • | Bridge the digital divide and/or expand access to economic opportunity, including through improvement of, or access to, information or communication technologies, education, training, or software/services. |
A company that demonstrates a commitment to sustainability solutions is also evaluated on financial criteria.
The Fund may invest in equity securities issued by companies of any market capitalization located throughout the world, including the U.S. For purposes of the Fund’s investment policies, equity securities include common stocks, depositary receipts, warrants, rights, and preferred shares.
Securities of foreign issuers may be purchased directly or through depositary receipts, including American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), and Global Depositary Receipts (GDRs), or other securities representing underlying shares of foreign companies.
The Fund’s investments are not constrained by benchmark weightings in regions, countries, or sectors. The Fund may have significant exposure to securities of issuers in the information technology, industrials, health care, financials, and consumer discretionary sectors. In addition, because the Fund is unconstrained to any benchmark, these exposures may change over time. The Fund may have significant exposure to any region, country or sector at any time. The Fund may invest in fewer than fifty securities.
Domini Impact Investments LLC (the “Adviser”), the Fund’s adviser, seeks to identify investment opportunities for the Fund that, in the Adviser’s view, create positive environmental and social outcomes for people and the planet, while also seeking competitive financial returns (“Impact Investing”). All of the investment selections made by the Adviser are based on the evaluation of environmental and social factors, including the core business in which a company engages and/or how a company treats its key stakeholders, such as its customers, employees, suppliers, ecosystems, local, national and global communities, and/or investors (“environmental and social factors”). A security will be sold if the Adviser determines that the company is no longer eligible for investment based on the Adviser’s ongoing evaluation of environmental and social factors, financial criteria, and/or the company no longer demonstrates a commitment to sustainability solutions, as applicable.
SSGA Funds Management, Inc. (the “Subadviser”), the Fund’s subadviser, will purchase or sell securities to implement the Adviser’s investment selections at a time determined appropriate by the Subadviser and in accordance with, but not necessarily in the identical amounts as provided with the Adviser’s investment selections.
CAREX - Performance
Return Ranking - Trailing
| Period | CAREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.9% | -11.4% | 66.1% | 37.14% |
| 1 Yr | 26.7% | 9.4% | 58.5% | 44.38% |
| 3 Yr | -1.7%* | -25.1% | 58.3% | 68.09% |
| 5 Yr | N/A* | -2.6% | 103.1% | 2.17% |
| 10 Yr | N/A* | 3.0% | 25.7% | 37.40% |
* Annualized
Return Ranking - Calendar
| Period | CAREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.2% | -27.7% | 68.0% | 74.19% |
| 2022 | -27.2% | -85.6% | 52.8% | 27.50% |
| 2021 | -10.3% | -74.9% | 238.3% | 76.24% |
| 2020 | N/A | -44.1% | 2474.5% | 94.74% |
| 2019 | N/A | -50.2% | 44.0% | 43.99% |
Total Return Ranking - Trailing
| Period | CAREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.9% | -11.4% | 66.1% | 37.14% |
| 1 Yr | 26.7% | 9.4% | 58.5% | 44.38% |
| 3 Yr | -1.7%* | -25.1% | 58.3% | 68.09% |
| 5 Yr | N/A* | -2.6% | 103.1% | 4.35% |
| 10 Yr | N/A* | 3.0% | 25.7% | 60.74% |
* Annualized
Total Return Ranking - Calendar
| Period | CAREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.2% | -26.1% | 68.0% | 91.01% |
| 2022 | -27.2% | -67.0% | 56.8% | 45.77% |
| 2021 | -6.5% | -23.5% | 342.2% | 95.84% |
| 2020 | N/A | 2.6% | 2549.1% | 94.74% |
| 2019 | N/A | 14.6% | 44.8% | 61.71% |
NAV & Total Return History
CAREX - Holdings
Concentration Analysis
| CAREX | Category Low | Category High | CAREX % Rank | |
|---|---|---|---|---|
| Net Assets | 37.9 M | 2.73 M | 100 B | 94.10% |
| Number of Holdings | 44 | 24 | 3590 | 84.38% |
| Net Assets in Top 10 | 13 M | 670 K | 11.3 B | 95.43% |
| Weighting of Top 10 | 35.65% | 4.5% | 98.2% | 24.00% |
Top 10 Holdings
- Palo Alto Networks Inc COM USD0.0001 4.44%
- Munich Reinsurance AG NPV(REGD) 4.34%
- Schneider Electric SE EUR4.00 3.63%
- Veralto Corp. COM SHS 3.49%
- Wolters Kluwer NV EUR0.12 3.48%
- GSK plc ORD GBP0.3125 3.42%
- ASML Holding N.V. NY REGISTRY SHS 3.30%
- Hologic Inc COM USD0.01 3.22%
- Halozyme Therapeutics Inc COM USD0.001 3.21%
- Resona Holdings Inc. NPV 3.13%
Asset Allocation
| Weighting | Return Low | Return High | CAREX % Rank | |
|---|---|---|---|---|
| Stocks | 97.72% | 58.72% | 103.99% | 65.14% |
| Cash | 2.28% | 0.00% | 41.99% | 37.52% |
| Preferred Stocks | 0.00% | 0.00% | 5.73% | 65.33% |
| Other | 0.00% | -0.04% | 14.45% | 71.05% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 59.81% |
| Bonds | 0.00% | 0.00% | 2.35% | 64.38% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CAREX % Rank | |
|---|---|---|---|---|
| Technology | 27.62% | 0.04% | 62.17% | 67.24% |
| Healthcare | 20.99% | 0.00% | 37.06% | 22.67% |
| Financial Services | 14.09% | 0.00% | 43.01% | 13.52% |
| Industrials | 13.05% | 0.00% | 38.23% | 65.52% |
| Consumer Cyclical | 12.73% | 0.00% | 57.41% | 64.95% |
| Real Estate | 4.73% | 0.00% | 19.28% | 20.19% |
| Consumer Defense | 3.44% | 0.00% | 16.40% | 24.76% |
| Communication Services | 3.35% | 0.00% | 18.33% | 38.10% |
| Utilities | 0.00% | 0.00% | 12.94% | 70.86% |
| Energy | 0.00% | 0.00% | 62.10% | 87.05% |
| Basic Materials | 0.00% | 0.00% | 17.25% | 91.24% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CAREX % Rank | |
|---|---|---|---|---|
| US | 63.60% | 46.79% | 103.99% | 99.24% |
| Non US | 34.12% | 0.00% | 34.12% | 0.38% |
CAREX - Expenses
Operational Fees
| CAREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.05% | 0.02% | 17.54% | 6.48% |
| Management Fee | 0.85% | 0.00% | 1.50% | 81.68% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.52% |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| CAREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| CAREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 63.33% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CAREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 65.00% | 0.00% | 250.31% | 72.94% |
CAREX - Distributions
Dividend Yield Analysis
| CAREX | Category Low | Category High | CAREX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.03% | 0.00% | 33.43% | 68.76% |
Dividend Distribution Analysis
| CAREX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Annual | Annual |
Net Income Ratio Analysis
| CAREX | Category Low | Category High | CAREX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.87% | -2.24% | 2.75% | 73.69% |
Capital Gain Distribution Analysis
| CAREX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2021 | $0.012 | CapitalGainShortTerm |
| Dec 15, 2021 | $0.708 | CapitalGainLongTerm |
| Dec 16, 2020 | $0.638 | OrdinaryDividend |
CAREX - Fund Manager Analysis
Managers
Amy Thornton
Start Date
Tenure
Tenure Rank
Apr 01, 2020
2.16
2.2%
Amy Domini Thornton, CFA and Co-Manager, is the founder and Chair of Domini. She has served as Chair since 2016 and Chief Executive Officer from 2002 to 2015. Ms. Domini has also served as Chair of the Board of Trustees of the Domini Funds since 1990 and was President of the Domini Funds from 1990 through 2017. She has served as portfolio manager for Domini’s separately managed account since 2013. Ms. Domini also serve as a Private Trustee (since 1987) of Loring Wolcott & Coolidge as well as a Partner (since 1994) with Loring Wolcott & Coolidge Fiduciary Advisors LLP, a registered investment adviser. In this capacity she has responsibility for the investments of private trust accounts and works with individuals to integrate social or ethical criteria into their investments.
Michael Finocchi
Start Date
Tenure
Tenure Rank
Apr 01, 2020
2.16
2.2%
Michael Finocchi is a Principal of SSGA and a Portfolio Manager in the Global Equity Beta Solutions Group. Prior to assuming his current role in March 2012, Mr. Finocchi was a senior manager in Portfolio Administration responsible for the operations of funds managed by the Global Equity Beta Solutions Group. Before joining SSGA in 2005, he worked for Investors Bank & Trust as a senior tax analyst following his role in custody servicing BGI. Mr. Finocchi holds a Master of Business Administration with a concentration in Finance from Boston University’s Questrom School of Business as well as a Bachelor of Arts in History and Business Studies from Providence College.
Carole Laible
Start Date
Tenure
Tenure Rank
Apr 01, 2020
2.16
2.2%
Carole M. Laible is the Chief Executive Officer of Domini (since 2016), and President of Domini Funds (since 2017). She previously served as the President of Domini from 2005 to 2015, Chief Operating Officer of Domini 2002 to 2011, and served as the Treasurer of the Domini Funds from 1997 through 2017.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.4 | 11.76 |
