N-Q 1 file1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number 811-5823

DOMINI SOCIAL INVESTMENT TRUST
(Exact Name of Registrant as Specified in Charter)

536 Broadway, 7th Floor, New York, New York 10012
(Address of Principal Executive Offices)

Amy L. Domini
Domini Social Investments LLC
536 Broadway, 7th Floor
New York, New York 10012
(Name and Address of Agent for Service)

Registrant’s Telephone Number, including Area Code: 212-217-1100

Date of Fiscal Year End: July 31

Date of Reporting Period: April 30, 2006




Item 1.    Schedule of Investments.

Domini Social Equity Fund, a series of Domini Social Investment Trust, invests substantially all of its assets in Domini Social Index Trust (Index Trust) and owns a pro rata interest in the Index Trust’s net assets. Effective June 1, 2006, the Index Trust changed its name to Domini Social Equity Trust. At April 30, 2006, the Domini Social Equity Fund owned approximately 80.5% of the Index Trust’s outstanding interests. The Index Trust’s Schedule of Investments is set forth below.

The Portfolio of Investments for the Domini Social Bond Fund, a series of Domini Social Investment Trust, is set forth below.

Domini European Social Equity Fund, a series of Domini Social Investment Trust, invests substantially all of its assets in Domini European Social Equity Trust (European Trust) and owns a pro rata interest in the European Trust’s net assets. At April 30, 2006, the Domini European Social Equity Fund owned approximately 99.3% of the European Trust’s outstanding interests. The European Trust’s Schedule of Investments is set forth below.

Domini Social Index Trust and Domini European Social Equity Trust are series of Domini Social Trust (formerly Domini Social Index Portfolio).




Investing For GoodSM 

Domini Social Equity Fund®
Domini Social Bond Fund®
Domini European Social Equity FundSM 

each a series of
Domini Social Investment Trust 

Quarterly Holdings Report
April 30, 2006 (Unaudited) 

Domini Social Equity Fund invests in an underlying portfolio, Domini Social Index Trust. Domini European Social Equity Fund invests in an underlying portfolio, Domini European Social Equity Trust. Each Trust's Portfolio of Investments is contained in this report. 

 


Domini Social Index Trust 

Portfolio of Investments 

April 30, 2006 (Unaudited) 

Security
Shares Value
Consumer Discretionary – 14.5%
American Greetings Corporation, Class A
16,300 $ 367,076
AutoZone, Inc. (a)
13,831 1,294,720
Bandag, Inc.
2,400 96,288
Bed Bath & Beyond (a)
70,500 2,703,675
Best Buy Co., Inc.
101,600 5,756,656
Black & Decker Corp.
19,200 1,797,312
Bright Horizons Family Solutions, Inc. (a)
6,400 254,208
Centex Corporation
30,600 1,701,360
Champion Enterprises, Inc. (a)
20,200 308,252
Charming Shoppes,
Inc. (a)
24,400 335,500
Circuit City Stores, Inc.
38,100 1,095,375
Claire's Stores, Inc.
24,800 873,456
Comcast Corporation, Class A (a)
534,458 16,541,475
Cooper Tire and Rubber Company
15,300 194,310
Darden Restaurants, Inc.
33,100 1,310,760
DeVry, Inc. (a)
15,000 387,900
Disney (Walt) Company (The)
481,300 13,457,148
Dollar General Corporation
79,151 1,381,976
Dow Jones & Company
14,800 547,156
eBay Inc. (a)
288,672 9,933,204
Emmis Communications Corporation,
Class A (a)
8,860 108,978
Family Dollar Stores Inc.
38,800 970,000
Foot Locker, Inc.
39,000 904,020
Gaiam, Inc. (a)
2,200 38,940
Gap Inc.
143,397 2,594,052
Genuine Parts Company
43,500 1,898,775
Harley-Davidson, Inc.
68,100 3,462,204
Harman International Industries, Inc.
16,320 1,435,997
Hartmarx
Corporation (a)
8,500 73,100
Home Depot, Inc. (The)
530,944 21,200,594
Horton (D.R.), Inc.
68,333 2,051,357
Interface, Inc.,
Class A (a)
11,400 146,604
Johnson Controls, Inc.
48,600 3,963,330
KB Home
19,400 1,194,458
Lee Enterprises, Inc.
10,900 335,720
Consumer Discretionary (Continued)
Leggett & Platt, Incorporated
46,300 $ 1,228,339
Limited Brands
87,430 2,241,705
Liz Claiborne, Inc.
26,200 1,023,110
Lowe's Companies, Inc.
195,400 12,319,970
Mattel, Inc.
96,785 1,565,981
McDonald's Corporation
314,100 10,858,437
McGraw-Hill Companies
91,800 5,109,588
Media General, Inc., Class A
5,600 230,048
Men's Wearhouse, Inc.
13,050 462,492
Meredith Corporation
10,200 505,920
Modine Manufacturing Company
8,700 252,387
New York Times Company, Class A
36,800 912,272
Newell Rubbermaid, Inc.
68,178 1,869,441
NIKE, Inc., Class B
47,500 3,887,400
Nordstrom, Inc.
54,600 2,092,818
Office Depot (a)
74,100 3,006,978
Omnicom Group, Inc.
44,900 4,041,449
Penney (J.C.) Company, Inc.
58,400 3,822,864
Pep Boys -- Manny, Moe & Jack
14,000 208,180
Phillips-Van Heusen Corporation
9,300 373,860
Pixar
13,500 867,915
Pulte Homes, Inc.
53,700 2,005,695
Radio One, Inc. (a)
2,300 16,468
RadioShack Corporation
33,700 572,900
Ruby Tuesday, Inc.
13,700 407,849
Russell Corporation
8,300 150,230
Scholastic
Corporation (a)
9,700 257,438
Scripps (E.W.) Company (The), Class A
21,400 986,112
Snap-On Incorporated
15,050 624,575
Spartan Motors, Inc.
3,100 43,462
Stanley Works
18,200 950,950
Staples, Inc.
182,084 4,808,838
Starbucks
Corporation (a)
190,814 7,111,638
Stride Rite Corporation
9,200 128,892
Target Corporation
219,700 11,666,070
Tiffany & Co.
36,100 1,259,529

1


Domini Social Index Trust / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 

Security
Shares Value
Consumer Discretionary (Continued)
Timberland Company (The) (a)
13,400 $ 456,270
Time Warner, Inc.
1,126,020 19,592,748
TJX Companies, Inc.
115,900 2,796,667
Tribune Company
65,456 1,887,096
Tupperware Corporation
12,400 261,640
Univision Communications, Inc., Class A (a)
55,900 1,995,071
Valassis Communications
Inc. (a)
12,300 360,021
Value Line, Inc.
900 37,125
Visteon
Corporation (a)
34,000 199,920
Washington Post Company, Class B
1,500 1,149,000
Wendy's International, Inc.
28,600 1,766,908
Whirlpool Corporation
19,036 1,708,481

220,798,683
Consumer Staples – 11.7%
Alberto-Culver Company, Class B
18,850 847,685
Albertson's, Inc.
92,200 2,335,426
Avon Products, Inc.
113,200 3,691,452
Campbell Soup Company
46,400 1,491,296
Chiquita Brands International, Inc.
10,800 175,176
Church & Dwight Co., Inc.
15,600 572,052
Clorox Company
37,500 2,406,750
Coca-Cola Company
514,900 21,605,204
Colgate-Palmolive Company
128,800 7,614,656
Costco Wholesale Corporation
118,430 6,446,145
CVS Corporation
204,500 6,077,740
Dean Foods (a)
33,500 1,326,935
Estée Lauder Companies, Inc. (The), Class A
29,300 1,087,616
General Mills Incorporated
89,000 4,391,260
Green Mountain Coffee, Inc. (a)
1,800 71,640
Hain Celestial Group, Inc. (The) (a)
8,700 234,030
Heinz (H.J.) Company
83,700 3,474,387
Consumer Staples (Continued)
Hershey Foods Corporation
44,800 $ 2,389,632
Kellogg Company
62,800 2,908,268
Kimberly-Clark Corporation
115,164 6,740,549
Kroger Company
181,300 3,673,138
Longs Drug Stores Corporation
6,200 293,942
McCormick & Company, Inc.
33,100 1,152,873
PepsiAmericas, Inc.
15,200 359,024
PepsiCo, Inc.
414,070 24,115,437
Procter & Gamble Company
822,016 47,849,551
Safeway Inc.
112,900 2,837,177
Smucker (J.M.) Company
15,105 593,022
SUPERVALU, Inc.
33,900 983,439
Sysco Corporation
154,800 4,626,972
Tootsie Roll Industries, Inc.
6,837 199,982
United Natural Foods, Inc. (a)
10,000 319,700
Walgreen Company
253,200 10,616,676
Whole Foods Market, Inc.
34,700 2,129,886
Wild Oats Markets,
Inc. (a)
6,550 112,529
Wrigley (Wm.) Jr. Company
44,400 2,089,908
Wrigley (Wm.) Jr. Company – Class B
11,100 524,753

178,365,908
Energy – 3.3%
Anadarko Petroleum Corporation
57,685 6,046,542
Apache Corporation
82,824 5,884,645
Chesapeake Energy Corp
93,400 2,958,912
Cooper Cameron
Corp. (a)
28,400 1,426,816
Devon Energy Corporation
110,444 6,638,789
EOG Resources, Inc.
60,600 4,255,938
Helmerich & Payne, Inc.
13,000 945,620
Kinder Morgan, Inc.
26,400 2,323,728
National Oilwell Varco, Inc. (a)
43,900 3,027,783
Noble Energy, Inc.
44,000 1,979,120
Ormat Technologies Inc
1,800 61,578

2


Domini Social Index Trust / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 

Security
Shares Value
Energy (Continued)
Pioneer Natural Resources Company
32,200 $ 1,378,804
Rowan Companies, Inc.
27,300 1,210,209
Smith International
50,300 2,124,169
Sunoco, Inc.
33,300 2,698,632
Williams Companies, Inc.
148,600 3,258,798
XTO Energy Inc.
91,600 3,879,260

50,099,343
Financials – 22.0%
AFLAC, Inc.
124,500 5,918,730
Allied Capital Corporation
34,600 1,074,676
AMBAC Financial Group, Inc.
26,400 2,174,304
American Express Company
309,300 16,643,433
AmSouth Bancorporation
86,200 2,494,628
BB&T Corporation
133,800 5,745,372
Capital One Financial Corporation
75,300 6,523,992
Cathay General Bancorp
12,790 489,345
Chittenden Corporation
11,920 328,515
Chubb Corporation
100,000 5,154,000
Cincinnati Financial Corporation
43,817 1,868,357
Comerica Incorporated
40,700 2,314,609
Edwards (A.G.), Inc.
19,187 1,013,841
Equity Office Properties Trust
92,200 2,978,060
Fannie Mae
241,865 12,238,369
Fifth Third Bancorp
138,911 5,614,783
First Horizon National Corporation
31,200 1,323,504
FirstFed Financial
Corp. (a)
4,500 283,005
Franklin Resources, Inc.
38,100 3,547,872
Freddie Mac
172,900 10,557,274
Genl Growth Properties
60,134 2,823,291
Golden West Financial
64,000 4,599,680
Hartford Financial Services Group
(The)
75,700 6,959,101
Heartland Financial USA, Inc.
3,000 70,230
Janus Capital Group Inc.
54,226 1,055,238
KeyCorp
101,300 3,871,686
Financials (Continued)
Lincoln National Corporation
71,259 $ 4,138,723
M&T Bank Corp.
19,800 2,364,120
Maguire Properties Inc.
7,900 268,284
Marsh & McLennan Companies, Inc.
136,700 4,192,589
MBIA, Inc.
33,400 1,991,642
Medallion Financial Corp.
4,300 57,233
Mellon Financial Corporation
103,300 3,887,179
Merrill Lynch & Co., Inc.
229,492 17,501,060
MGIC Investment Corporation
21,700 1,534,190
Moody's Corporation
60,800 3,770,208
Morgan (J.P.) Chase & Co.
871,092 39,530,155
National City Corporation
136,800 5,047,920
Northern Trust Corporation
46,600 2,744,274
PNC Financial Services Group
73,000 5,217,310
Popular Inc.
66,896 1,383,409
Principal Financial Group, Inc.
69,900 3,586,569
Progressive Corporation (The)
49,200 5,339,676
Regions Financial Corp. (New)
113,900 4,158,489
SAFECO Corporation
31,000 1,608,900
Schwab (Charles) Corporation
259,000 4,636,100
SLM Corporation
104,300 5,515,384
Sovereign Bancorp
89,300 1,979,781
St. Paul Travelers Companies, Inc. (The)
173,964 7,659,635
State Street Corporation
83,200 5,434,624
SunTrust Banks, Inc.
92,800 7,176,224
Synovus Financial Corporation
78,850 2,207,800
T. Rowe Price Group, Inc.
33,100 2,786,689
TradeStation Group, Inc. (a)
5,100 81,294
U.S. Bancorp
450,121 14,151,804
UnumProvident Corporation
75,800 1,539,498
Wachovia Corporation
405,543 24,271,749

3


Domini Social Index Trust / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 

Security
Shares Value
Financials (Continued)
Wainwright Bank & Trust Co.
2,625 $ 27,956
Washington Mutual, Inc.
247,842 11,167,761
Wells Fargo & Company
418,806 28,767,784
Wesco Financial Corporation
400 156,600

333,548,508
Health Care – 13.0%
Affymetrix Inc (a)
16,700 478,455
Allergan, Inc.
37,905 3,893,602
Amgen, Inc. (a)
292,053 19,771,988
Bard (C.R.), Inc.
25,800 1,921,068
Bausch & Lomb Incorporated
13,600 665,720
Baxter International, Inc.
162,100 6,111,170
Becton Dickinson and Company
61,800 3,895,872
Biogen Idec Inc. (a)
85,950 3,854,858
Biomet, Inc.
62,400 2,320,032
Boston Scientific Corporation (a)
290,119 6,742,366
CIGNA Corporation
30,300 3,242,100
Cross Country Healthcare, Inc. (a)
3,800 68,856
Dionex Corporation (a)
5,000 300,600
Fisher Scientific International (a)
30,900 2,179,995
Forest Laboratories,
Inc. (a)
81,400 3,286,932
Gen-Probe Inc. (a)
12,300 657,681
Genzyme
Corporation (a)
64,900 3,969,284
Gilead Sciences (a)
115,500 6,641,250
Hillenbrand Industries, Inc.
15,500 796,080
Hugoton Royalty Trust
5,459 150,951
Humana, Inc. (a)
40,800 1,843,344
IMS Health, Inc.
51,313 1,394,687
Invacare Corporation
7,700 236,005
Invitrogen
Corporation (a)
13,300 877,933
Johnson & Johnson
743,780 43,592,945
King Pharmaceuticals Inc. (a)
60,300 1,048,617
Manor Care, Inc.
19,800 868,230
McKesson HBOC, Inc.
76,420 3,713,248
MedImmune, Inc. (a)
63,800 2,007,786
Medtronic, Inc.
301,700 15,121,204
Merck & Co., Inc.
546,600 18,813,972
Health Care (Continued)
Millipore
Corporation (a)
12,800 $ 944,384
Molina Healthcare
Inc. (a)
5,300 173,310
Mylan Laboratories, Inc. 
54,675 1,194,102
Patterson Cos. Inc. (a)
34,200 1,114,236
Quest Diagnostics Incorporated
40,700 2,268,211
St. Jude Medical, Inc. (a)
91,600 3,616,368
Stryker Corporation
73,000 3,193,750
Synovis Life Technologies, Inc. (a)
2,600 25,896
Thermo Electron Corporation (a)
40,500 1,560,870
UnitedHealth Group Incorporated
338,934 16,858,577
Waters Corporation (a)
25,800 1,169,256
Watson Pharmaceuticals (a)
25,400 722,376
Zimmer Holdings,
Inc. (a)
61,900 3,893,510

197,201,677
Industrials – 7.3%
3M Company
188,700 16,120,641
Alaska Air Group,
Inc. (a)
6,900 261,924
American Power Conversion
43,400 965,216
AMR Corporation (a)
40,200 990,528
Apogee Enterprises, Inc. 
7,400 120,102
Avery Dennison Corporation
27,600 1,725,000
Baldor Electric Company
6,000 199,200
Banta Corporation
6,050 306,009
Brady Corporation, Class A
12,000 431,640
CLARCOR, Inc.
12,900 451,500
Cooper Industries, Inc., Class A
22,900 2,094,205
Cummins, Inc.
11,600 1,212,200
Deere & Company
59,200 5,196,576
Deluxe Corporation
13,100 312,304
Donaldson Company, Inc.
16,900 561,756
Donnelley (R.R.) & Sons Company
53,700 1,809,153
Emerson Electric Company
102,800 8,732,860

4


Domini Social Index Trust / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 

Security
Shares Value
Industrials (Continued)
Energy Conversion Devices (a)
8,100 $ 405,081
Fastenal Company
30,800 1,441,748
FedEx Corporation
76,100 8,761,393
GATX Corporation
2,600 589,680
Graco, Inc.
17,152 801,856
Grainger (W.W.), Inc.
18,900 1,453,788
Granite Construction Incorporated
7,725 358,131
Herman Miller, Inc.
17,300 532,667
HNI Corporation
12,600 666,288
Hubbell Incorporated, Class B
15,060 777,849
Ikon Office Solutions
32,800 432,960
Illinois Tool Works, Inc.
51,300 5,268,510
JetBlue Airways Corporation (a)
38,550 395,523
Kadant Inc. (a)
3,700 87,357
Kansas City Southern Industries, Inc. (a)
18,900 459,270
Kelly Services, Inc.
5,075 140,425
Lawson Products, Inc.
400 16,968
Lincoln Electric Holdings, Inc.
10,500 575,505
Masco Corporation
104,300 3,327,170
Milacron, Inc. (a)
12,633 17,813
Monster Worldwide (a)
31,200 1,790,880
Nordson Corporation
8,000 427,600
Norfolk Southern Corporation
103,100 5,567,400
Pall Corp.
31,100 938,598
Pitney Bowes, Inc.
56,700 2,372,895
Robert Half International, Inc.
42,600 1,800,702
Ryder System, Inc.
15,200 792,680
Smith (A.O.) Corporation
5,200 246,584
Southwest Airlines Co.
175,862 2,852,482
SPX Corporation
14,430 790,043
Standard Register Company
4,700 64,155
Steelcase, Inc.
13,300 248,976
Tennant Company
2,300 117,070
Thomas & Betts Corporation (a)
12,800 728,960
Toro Company
10,800 534,060
Trex Company, Inc. (a)
1,700 50,796
United Parcel Service, Inc., Class B
272,933 22,126,677
YRC Worldwide Inc. (a)
14,780 620,760

110,072,114
Information Technology – 19.5%
3Com Corporation (a)
97,600 $ 526,064
Adaptec, Inc. (a)
27,400 151,522
ADC Telecommuni-
cations (a)
30,028 672,327
Adobe Systems Incorporated (a)
149,900 5,876,080
Advanced Micro Devices, Inc. (a)
120,200 3,888,470
Advent Software,
Inc. (a)
4,200 147,840
Analog Devices, Inc.
91,500 3,469,680
Andrew
Corporation (a)
39,300 415,794
Apple Computer,
Inc. (a)
213,200 15,007,148
Applied Materials, Inc. 
397,200 7,129,740
Arrow Electronics,
Inc. (a)
30,200 1,093,240
Autodesk, Inc. (a)
58,000 2,438,320
Automatic Data Processing, Inc.
144,874 6,386,046
BMC Software, Inc. (a)
52,400 1,128,696
CDW Corporation
15,400 916,608
Ceridian
Corporation (a)
35,700 865,011
Cisco Systems, Inc. (a)
1,537,214 32,204,633
Coherent, Inc. (a)
7,700 284,977
Compuware Corporation (a)
95,700 734,976
Convergys Corp. (a)
35,500 691,185
Dell Inc. (a)
588,186 15,410,473
Electronic Arts Inc. (a)
75,700 4,299,760
Electronic Data Systems Corporation
128,900 3,490,612
EMC Corporation (a)
594,000 8,024,940
Entegris, Inc. (a)
20,000 203,600
Gerber Scientific,
Inc. (a)
5,700 59,109
Hewlett-Packard Company
706,910 22,953,368
Imation Corporation
9,100 382,200
Intel Corporation
1,470,355 29,377,693
Lexmark International Group, Inc. (a)
26,800 1,305,160
LSI Logic
Corporation (a)
96,300 1,025,595
Lucent Technologies, Inc. (a)
1,121,792 3,129,800
Merix Corporation (a)
3,750 43,275
Micron Technology,
Inc. (a)
155,300 2,635,441

5


Domini Social Index Trust / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 

Security
Shares Value
Information Technology (Continued)
Microsoft
Corporation
2,221,030 $ 53,637,872
Molex Incorporated
35,646 1,323,180
National Semiconductor Corporation
84,300 2,527,314
Novell, Inc. (a)
100,000 822,000
Novellus Systems,
Inc. (a)
33,300 822,510
Palm Inc. (a)
23,208 524,501
Paychex, Inc.
83,500 3,372,565
Plantronics Inc.
11,000 412,500
Polycom Inc. (a)
20,600 453,200
Qualcomm, Inc.
414,000 21,254,760
Red Hat, Inc. (a)
38,400 1,128,576
Salesforce.com, Inc. (a)
27,000 946,350
Sapient Corporation (a)
15,500 121,365
Solectron
Corporation (a)
228,600 914,400
Sun Microsystems,
Inc. (a)
864,400 4,322,000
Symantec
Corporation (a)
260,800 4,271,904
Tektronix, Inc.
19,800 699,336
Tellabs, Inc. (a)
113,700 1,802,145
Texas Instruments, Inc.
399,978 13,883,236
Xerox Corporation (a)
234,100 3,286,764
Xilinx, Inc.
85,900 2,376,853

295,272,714
Materials – 1.8%
Air Products & Chemicals, Inc.
55,900 3,830,268
Airgas, Inc.
16,200 655,290
Aleris International,
Inc. (a)
7,900 365,375
Bemis Company, Inc.
26,000 817,960
Cabot Corporation
16,300 586,800
Calgon Carbon Corporation
10,100 75,649
Caraustar Industries, Inc. (a)
7,200 71,352
Crown Holdings,
Inc. (a)
41,700 668,451
Ecolab, Inc.
45,600 1,723,680
Engelhard Corporation
31,400 1,206,074
Fuller (H.B.) Company
7,300 381,790
Lubrizol Corporation
16,700 728,287
MeadWestvaco Corp.
45,812 1,306,100
Minerals Technologies, Inc.
5,300 303,266
Nucor Corporation
38,800 4,222,216
Praxair, Inc.
80,700 4,529,691
Materials (Continued)
Rock-Tenn Company, Class A
9,000 $ 142,830
Rohm & Haas Company
35,987 1,820,942
Schnitzer Steel Industries Inc.,
Class A
5,800 228,114
Sealed Air Corporation
20,300 1,093,155
Sigma-Aldrich Corporation
17,000 1,166,370
Sonoco Products Company
24,645 771,881
Valspar Corporation
26,200 741,460
Wausau-Mosinee Paper Corporation
10,500 150,990
Wellman, Inc.
4,400 24,333
Worthington Industries, Inc.
17,100 337,725

27,950,049
Telecommunication Services – 5.6%
AT&T Inc.
969,667 25,414,972
BellSouth Corporation
449,300 15,177,354
Citizens Communications Company
80,667 1,071,258
Sprint Corp. - FON Group
741,600 18,391,680
Telephone and Data Systems, Inc.
26,000 1,019,200
Verizon Communications
731,522 24,162,172

85,236,636
Utilities – 0.8%
AGL Resources, Inc.
18,800 665,144
Cascade Natural Gas Corporation
2,900 59,364
Cleco Corporation
12,200 274,500
Energen Corporation
18,300 645,441
Equitable Resources, Inc.
30,000 1,065,300
IDACORP, Inc.
11,300 384,765
KeySpan Corporation
43,600 1,760,568
MGE Energy, Inc.
4,400 140,360
National Fuel Gas Company
21,800 724,850
NICOR, Inc.
11,400 451,554
NiSource, Inc.
68,347 1,442,805
Northwest Natural Gas Company
6,500 224,510
OGE Energy Corporation
21,900 660,504

6


Domini Social Index Trust / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 

Security
Shares Value
Utilities (Continued)
Peoples Energy Corporation
9,400 $ 341,502
Pepco Holdings, Inc.
46,800 1,080,144
Questar Corporation
21,300 1,705,065
Southern Union Company
24,421 632,992
WGL Holdings
12,600 370,692

12,630,060
Total Investments — 99.5%
(Cost $1,180,703,247)(b)
$ 1,511,175,692
Other Assets, less
liabilities — 0.5%
6,943,275
Net Assets — 100.0%
$ 1,518,118,967

     

 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $1,295,044,126. The aggregate gross unrealized appreciation is $320,035,097, and the aggregate gross unrealized depreciation is $103,903,531, resulting in net unrealized appreciation of $216,131,566. 

Copyright in the Domini 400 Social IndexSM is owned by KLD Research & Analytics, Inc., and the Index is reproduced here by permission. No portion of the Index may be reproduced or distributed by any means or in any medium without the express written consent of the copyright owner. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

7


DOMINI SOCIAL INDEX TRUST 

NOTES TO PORTFOLIO OF INVESTMENTS
April 30, 2006 (UNAUDITED) 

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES 

Domini Social Index Trust (Index Trust) is a series of Domini Social Trust (formerly Domini Social Index Portfolio) which is registered under the Investment Company Act of 1940 as a diversified, open-end management investment company that was organized as a trust under the laws of the State of New York on June 7, 1989. Effective June 1, 2006 the Index Trust changed its name to Domini Social Equity Trust. The Index Trust intends to correlate its investment portfolio as closely as is practicable with the Domini 400 Social Index,SM which is a common stock index developed and maintained by KLD Research & Analytics, Inc. The Declaration of Trust permits the Trustees to issue an unlimited number of beneficial interests in the Index Trust. The Index Trust commenced operations effective on August 10, 1990, and began investment operations on June 3, 1991. 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The following is a summary of the Index Trust's significant accounting policies. 

(A) Valuation of Investments. The Index Trust values securities listed or traded on national securities exchanges at the last sale price or, if there have been no sales that day, at the mean of the current bid and ask price that represents the current value of the security. Securities listed on the NASDAQ National Market System are valued using the NASDAQ Official Closing Price (NOCP). If an NOCP is not available for a security listed on the NASDAQ National Market System, the security will be valued at the last sale price or, if there have been no sales that day, at the mean of the current bid and ask price. Index Trust securities for which there are no such quotations or valuations are valued at fair value as determined in good faith by or at the direction of the Index Trust's Board of Trustees. 

(B) Dividend Income. Dividend income is recorded on the ex-dividend date. 

(C) Federal Taxes. The Index Trust will be treated as a partnership for U.S. federal income tax purposes and is therefore not subject to U.S. federal income tax. As such, each investor in the Index Trust will be taxed on its share of the Index Trust's ordinary income and capital gains. It is intended  

8


that the Index Trust will be managed in such a way that an investor will be able to satisfy the requirements of the Internal Revenue Code applicable to regulated investment companies. 

(D) Other. Investment transactions are accounted for on the trade date. Gains and losses are determined on the basis of identified cost. 

     9


Domini Social Bond Fund 

Portfolio of Investments 

April 30, 2006 (Unaudited) 


Principal
Amount
Value
U.S. Government Agency Obligations — 26.1%
Fannie Mae:
3.850%, 4/14/2009
$ 500,000 $ 482,327
4.500%, 2/15/2011
1,750,000 1,696,864
4.625%, 10/15/2013
300,000 287,743
5.000%, 4/15/2013
500,000 484,087
5.500%, 3/15/2011
300,000 303,068
6.200%, 6/13/2017
1,000,000 1,003,188
Federal Agriculture Mortgage Corporation:
6.680%, 6/10/2014
1,000,000 1,088,213
Federal Farm Credit Bank:
6.300%, 6/6/2011
250,000 262,217
Federal Home Loan Bank:
3.000%, VR, 12/16/2011
500,000 481,494
4.000%, 12/19/2011
450,000 421,137
5.480%, 9/22/2008
500,000 502,065
5.490%, 12/22/2008
1,500,000 1,511,534
5.500%, 8/15/2008
250,000 251,701
5.575%, 2/17/2009
555,000 560,892
5.750%, 5/15/2008
500,000 505,946
6.185%, 5/6/2008
500,000 510,006
6.625%, 11/15/2010
465,000 489,889
7.375%, 2/12/2010
500,000 536,405
Freddie Mac:
4.750%, 3/18/2013
1,000,000 959,585
5.000%, 4/22/2013
1,000,000 969,428
5.000%, 7/23/2018
750,000 698,803
5.500%, 9/15/2011
1,250,000 1,263,061
U.S. Small Business Administration:
2003-10C 1, 3.530%, 5/1/2013
418,211 395,942
2003-20D 1, 4.760%, 4/1/2023
491,064 468,545
2003-20E 1, 4.640%, 5/1/2023
505,363 479,162
2003-20F 1, 4.070%, 6/1/2023
464,689 423,240
2003-20G 1, 4.350%, 7/1/2023
247,508 229,740
Total U.S. Government Agency Obligations
(Cost $17,603,743)
17,266,282

U.S. Government Agency Mortgage Securities — 41.3%
Fannie Mae:
13743, 5.590%, VR, 11/1/2019
16,152 15,969
250168, 8.000%, 12/1/2009
41,844 43,092
252120, 7.500%, 8/1/2025
43,328 45,080
402999, 6.125%, VR, 10/1/2027
4,747 4,822
526882, 5.228%, VR, 2/1/2029
9,094 9,255
696355, 5.500%, 3/1/2033
1,459,012 1,421,349
789089, 5.500%, 8/1/2019
713,980 709,312
Fannie Mae CMO:
1990-99 K, 6.500%, 8/25/2020
23,894 24,250
1993-106 Z, 7.000%, 6/25/2013
6,300 6,476
2003-66 MB, 3.500%, 5/25/2023
663,024 607,756
2003-73 GA, 3.500%, 5/25/2031
767,941 712,092
2005-M1 A, 4.479%, 10/26/2031
667,196 646,515

10


Domini Social Bond Fund / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 


Principal
Amount
Value
U.S. Government Agency Mortgage Securities (Continued)
Freddie Mac:
845025, 4.798%, VR, 12/1/2018
$ 23,491 $ 23,783
A18404, 5.500%, 2/1/2034
694,762 676,237
A30028, 6.000%, 11/1/2034
477,060 476,115
B11108, 5.500%, 11/1/2018
1,308,847 1,298,854
B11109, 4.500%, 11/1/2018
1,165,130 1,111,326
C43463, 7.500%, 10/1/2030
23,674 24,697
C77635, 5.500%, 2/1/2033
1,314,562 1,280,760
Freddie Mac CMO:
1208 D, 4.440%, VR, 2/15/2022
28,862 28,856
2302 J, 6.500%, 4/15/2031
116,165 118,216
2628 LE, 3.250%, 6/15/2033
589,830 547,854
2795 JA, 5.500%, 12/15/2033
92,364 92,255
Ginnie Mae CMO:
2001-34, 6.349%, 10/16/2020
1,000,000 1,014,929
2001-44, 6.114%, 11/16/2021
683,892 691,963
2002-26 C, 5.987%, VR, 2/16/2024
1,000,000 1,013,884
2002-37 C, 5.878%, 6/16/2024
1,000,000 1,014,466
2002-9, 5.881%, 3/16/2024
881,359 886,880
2003-36 C, 4.254%, 2/16/2031
1,000,000 950,716
2003-78 C, 5.473%, VR, 2/16/2031
1,000,000 982,940
2004-6 C, 4.660%, 7/16/2033
1,000,000 952,957
2004-77 AB, 4.368%, 11/16/2030
948,864 904,569
2005-42 B, 4.571%, 9/15/2027
1,000,000 956,622
2005-67 B, 4.751%, 9/16/2035
1,000,000 965,677
2005-87, 4.449%, 3/16/2025
987,929 961,840
2005-89, 4.811%, 6/16/2045
991,631 970,530
2005-90, 3.760%, 9/16/2028
992,221 948,600
2006-05 A, 4.241%, 7/16/2029
992,427 959,462
2006-9 B, 5.269%, 3/16/2037
1,000,000 968,714
2006-3 A, 4.212%, VR, 1/16/2028
993,894 960,742
Government National Mortgage Association:
2038, 8.500%, 7/20/2025
15,057 16,296
2380, 8.500%, 2/20/2027
25,462 27,344
3233, 5.500%, 5/20/2017
631,005 628,019
615760, 5.500%, 8/15/2028
555,065 546,184
Total U.S. Government Agency Mortgage Securities
(Cost $28,021,696)
27,248,255

Corporate Obligations — 10.9%
Avon Products, Inc., 5.125%, 1/15/2011
600,000 587,945
Bellsouth Corporation, 5.200%, 9/15/2014
650,000 616,790
Cisco Systems Inc., 5.500%, 2/22/2016
600,000 585,971
Comcast Corporation, 4.950%, 6/15/2016
600,000 544,047
John Deere Capital Corporation, 3.625%, 5/25/2007
600,000 589,442
Kinder Morgan Finance Corp., 5.700%, 1/5/2016
600,000 579,037
Procter & Gamble Company, 8.500%, 8/10/2009
610,000 669,416
SBC Communications, 5.100%, 9/15/2014
600,000 565,818
Southwest Airlines Co., 5.125%, 3/1/2017
600,000 546,519
Time Warner Companies Inc., 9.125%, 1/15/2013
600,000 691,600
Verizon Global Funding Corp., 7.250%, 12/1/2010
600,000 636,551
Wells Fargo & Company, 5.125%, 2/15/2007
600,000 599,668
Total Corporate Obligations
(Cost $7,449,332)
7,212,804

11


Domini Social Bond Fund / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 


Principal
Amount
Value

Corporate Mortgage Securities — 3.3%
CRFCM 2004-1A A 144A, 5.500%, 4/25/2035
$ 1,875,024 $ 1,815,540
WFMBS 2003-8 A7, 4.500%, 8/25/2018
389,487 364,258
Total Corporate Mortgage Securities
(Cost $2,255,260)
2,179,798
State & Municipal Obligations — 7.6%
City of Cleveland, OH, 4.350%, 12/1/2011
500,000 475,215
City of Detroit Downtown Development Authority, 7.330%, 7/1/2006
250,000 250,795
City of Zion, IL, 6.250%, 12/1/2012
250,000 256,340
Hudson County, NJ, Improvement Authority, 7.070%, 9/1/2006
385,000 387,229
Hudson County, NJ, Improvement Authority, 7.240%, 9/1/2008
195,000 202,989
Hudson County, NJ, Improvement Authority, 7.290%, 9/1/2009
175,000 184,987
Kentucky State Property and Buildings Commission, 3.960%, 10/1/2009
300,000 287,232
Los Angeles, CA, Community Redevelopment Agency, 6.600%, 9/1/2020
515,000 545,138
New Jersey Economic Development Authority, 3.700%, 4/1/2008
200,000 194,108
North Carolina State University at Raleigh, 6.160%, 10/1/2009
400,000 409,252
Pennsylvania Economic Development Financing Authority, 5.650%, 6/1/2015
380,000 376,265
Pittsburgh, PA, Urban Redevelopment Authority, 7.460%, 5/1/2006
295,000 295,000
State of Mississippi, 3.510%, 11/1/2009
500,000 471,180
Texas Public Finance Authority, 2.625%, 6/15/2006
250,000 249,250
Texas Public Finance Authority, 3.125%, 6/15/2007
250,000 244,275
Yazoo County, MS, 4.200%, 9/1/2008
225,000 219,440
Total State & Municipal Obligations
(Cost $5,230,826)
5,048,695
Cash Equivalents — 10.2%
Certificates of Deposit:
Albina Community Bank, 3.150%, 7/29/2006 (a)
100,000 100,000
Appalachian Federal Credit Union, 4.250%, 4/17/2007 (a)
100,000 100,000
Carver Federal Savings Bank, 3.440%, 11/12/2006 (a)
100,000 100,000
Central Bank of Kansas City, 2.000%, 5/29/2006 (a)
100,000 100,000
Citizens Savings Bank & Trust, 3.300%, 8/30/2006 (a)
100,000 100,000
City First Bank of D.C., 3.900%, 2/5/2007 (a)
100,000 100,000
City National Bank of Newark, NJ, 3.920%, 11/14/2006 (a)
100,000 100,000
Community Commerce Bank, 3.950%, 6/1/2006 (a)
100,000 100,000
Communitywide Federal Credit Union, 4.000%, 6/30/2006 (a)
100,000 100,000
Dakotaland Federal Credit Union, 4.040%, 4/22/2007 (a)
100,000 100,000
Delta Southern Bank, 2.600%, 6/20/2006 (a)
100,000 100,000
Douglass National Bank, 3.400%, 10/12/2006 (a)
100,000 100,000
Elk Horn Bank & Trust Co., 2.600%, 6/20/2006 (a)
100,000 100,000
First Delta Federal Credit Union, 2.500%, 7/29/2006 (a)
100,000 100,000
First Bank of the Delta, NA, 3.250%, 6/26/2006 (a)
100,000 100,000
Harbor Bank of Maryland, 3.200%, 7/25/2006 (a)
100,000 100,000
Legacy Bank, 3.150%, 7/26/2006 (a)
100,000 100,000
Liberty Bank and Trust Co., 2.500%, 12/5/2006 (a)
100,000 100,000
Louisville Community Development Bank, 2.500%, 6/25/2006 (a)
100,000 100,000
Lower East Side People's Federal Credit Union, 2.000%, 12/6/2006 (a)
100,000 100,000
Mission Community Bank, 3.750%, 12/3/2006 (a)
100,000 100,000
Neighborhood National Bank, 2.900%, 6/1/2006 (a)
100,000 100,000

12


Domini Social Bond Fund / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 


Principal
Amount
Value
Cash Equivalents (Continued)
Northside Community Federal Credit Union, 2.000%, 6/27/2006 (a)
$ 100,000 $ 100,000
One United Bank, 3.000%, 8/27/2006 (a)
100,000 100,000
Opportunities Credit Union, 3.400%, 7/21/2006 (a)
100,000 100,000
Santa Cruz Community Credit Union, 3.690%, 3/1/2007 (a)
100,000 100,000
Self-Help Credit Union, 4.940%, 12/13/2006 (a)
100,000 100,000
University National Bank, 2.720%, 7/26/2006 (a)
100,000 100,000
Wainright Bank & Trust Company, 2.760%, 5/10/2006 (a)
100,000 100,000
Investment in Repurchase Agreements:
Investors Bank & Trust, dated 4/28/2006, 3.23%, due 5/1/2006, maturity amount $3,511,124 (Government National Mortgage Association, 8238, 4.75%, 7/20/2023, market value $1,047,442 and U.S. Small Business Administration, 506456, 8.375%, 4/25/2017, market value $2,638,245)
3,510,179 3,510,179
Money Market Demand Accounts:
Self-Help Credit Union, 3.970%, 5/1/2006 (a)
216,574 216,574
University National Bank, 2.510%, 5/1/2006 (a)
105,573 105,573
Total Cash Equivalents
(Cost $6,732,326)
6,732,326
Total Investments — 99.4%
(Cost $67,293,183)(b)
65,688,160
Other Assets, less liabilities — 0.6%
370,562
Net Assets — 100.0%
$ 66,058,722
 

(a) 

Securities (other than short-term obligations with remaining maturities of 60 days or less) for which there are no such quotations or valuations are valued at fair value as determined in good faith by or at the direction of the Fund's Board of Trustees. 

(b) 

The aggregate cost for book and federal income tax purposes is $67,293,183. The aggregate gross unrealized appreciation is $62,195, and the aggregate gross unrealized depreciation is $1,667,218, resulting in net unrealized depreciation of $1,605,023. 

CMO — Collateralized Mortgage Obligation. 

VR — Variable interest rate. Rate shown is that on April 30, 2006. 

144A — Security that may be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

13


DOMINI SOCIAL BOND FUND 

NOTES TO PORTFOLIO OF INVESTMENTS
April 30, 2006 (UNAUDITED) 

Organization and SIGNIFICANT ACCOUNTING POLICIES 

Domini Social Bond Fund is a series of the Domini Social Investment Trust. The  Trust is a Massachusetts business trust registered under the Investment Company Act of 1940 as an open-end management investment company. The 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 criteria. 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The following is a summary of the Fund's significant accounting policies. 

(A) Valuation of Investments. Bonds and other fixed-income securities (other than obligations with maturities of 60 days or less) are valued on the basis of valuations furnished by an independent pricing service, use of which has been approved by the Board of Trustees of the Fund. In making such valuations, the pricing service utilizes both dealer-supplied valuations and electronic data processing techniques which take into account appropriate factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics, and other market data, without exclusive reliance upon quoted prices or exchange or over-the-counter prices, since such valuations are believed to reflect more accurately the fair value of such securities. Short-term obligations (maturing in 60 days or less) are valued at amortized cost, which constitutes fair value as determined by the Board of Trustees of the Fund. 

Securities (other than short-term obligations with remaining maturities of 60 days or less) for which there are no such quotations or valuations are valued at fair value as determined in good faith by or at the direction of the Fund's Board of Trustees. 

(B) Repurchase Agreements. The Fund may enter into repurchase agreements with selected banks or broker-dealers. Each repurchase agreement is recorded at cost, which approximates fair value. The Fund requires that collateral, represented by securities (primarily U.S. government agency securities), in a repurchase transaction be maintained in a segregated account with a custodian bank in a manner sufficient to  

14


enable the Fund to obtain those securities in the event of a default of the counterparty. In the event of default or bankruptcy by another party to the repurchase agreement, retention of the collateral may be subject to legal proceedings. 

(C) Investment Income and Dividends to Shareholders. Dividends to shareholders are usually declared daily and paid monthly from net investment income. Distributions to shareholders of realized capital gains, if any, are made annually. Distributions are determined in conformity with income tax regulations, which may differ from generally accepted accounting principles. Reclassifications have been made to the Fund's components of net assets to reflect income and gains available for distribution (or available capital loss carryovers, as applicable) under income tax regulations. 

(D) Federal Taxes. The Fund's policy is to comply with the provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all of its taxable income, including net realized gains, if any, within the prescribed time periods. Accordingly, no provision for federal income or excise tax is deemed necessary. 

Domini Social Bond Fund — Notes to Portfolio of Investments  15


Domini European Social Equity Trust 

Portfolio of Investments 

April 30, 2006 (Unaudited) 

Security
Industry Shares Value
AUSTRIA – 2.6%
OMV AG
Energy 11,192 $ 776,941
Voestalpine AG
Materials 2,395 349,141

1,126,082

BELGIUM – 4.1%
Bekaert SA
Capital Goods 1,318 151,163
Fortis Group
Diversified Financials 30,273 1,132,943
Kbc Groep Nv
Banks 4,298 497,815

1,781,921

DENMARK – 1.4%
Dampskibssel Torm AS
Energy 6,273 288,119
Danske Bank A/S
Banks 7,856 312,075

600,194
FINLAND – 5.4%
Kesko Oyj
Food & Staples Retailing 13,587 468,263
Nokia Oyj
Technology Hardware & Equipment 48,691 1,107,071
Sampo Ins Co Ltd A
Insurance 10,836 223,307
Tietoenator Oyj
Software & Services 4,060 127,292
Uponor Oyj
Capital Goods 13,901 425,678

2,351,611
FRANCE – 15.7%
AGF
Insurance 6,066 765,632
BNP Paribas
Banks 13,904 1,311,812
BNP Paribas – new shares (a)
Banks 1,012 92,229
Ciments Francais A
Materials 3,175 536,318
CNP Assurances
Insurance 5,348 577,327
Natexis Banques
Banks 1,479 400,177
Neopost SA
Technology Hardware & Equipment 2,682 302,872
Sanofi-Aventis
Pharma, Biotech & Life Sciences 10,898 1,026,143
Schneider Elec SA
Capital Goods 1,686 190,608
Soc Generale Paris
Banks 8,349 1,273,587
Vivendi SA
Media 8,612 313,944

6,790,649
GERMANY – 10.3%
Adidas-Salomon AG (a)
Consumer Durables & Apparel 748 157,680
Allianz AG
Insurance 4,337 724,954
Celesio Ag
Health Care Equipment & Services 7,319 687,766
Continental
Automobiles & Components 4,368 519,238
Deut Lufthansa Reg
Transportation 20,739 381,931
Fresenius Ag
Health Care Equipment & Services 4,693 782,747
Linde AG
Materials 3,093 276,467
Muenchener Ruck Reg
Insurance 3,592 508,210
Schering AG
Pharma, Biotech & Life Sciences 4,011 430,065

4,469,058

16


Domini European Social Equity Trust / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 

Security
Industry Shares Value
IRELAND – 0.5%
Bank of Ireland
Banks 11,672 $ 218,481

218,481
ITALY – 3.5%
Fiat SPA (a)
Automobiles & Components 70,034 982,752
Seat Pagine Gialle S (a)
Media 1,140,064 542,839

1,525,591
LUXEMBOURG – 2.1%
Arcelor
Materials 22,493 923,666

923,666
NETHERLANDS – 10.6%
ABN-AMRO Holdings NV
Banks 35,336 1,054,465
Aegon NV
Insurance 41,151 750,065
ING Groep NV
Diversified Financials 31,655 1,286,341
Koninklijke KPN
Telecommunication Services 70,478 826,520
OCE NV
Technology Hardware & Equipment 8,398 139,637
Unilever NV CVA
Food Beverage & Tobacco 6,189 446,320
Wolters Kluwer NV
Media 2,975 77,385

4,580,733
NORWAY – 4.1%
DNB Nor ASA
Banks 13,665 189,131
Norsk Hydro ASA
Energy 4,528 695,600
Statoil ASA
Energy 19,106 627,846
Telenor ASA
Telecommunication Services 23,978 277,528

1,790,105
SPAIN – 0.2%
Corp Financiera Alba
Diversified Financials 1,407 78,515

78,515
SWEDEN – 7.6%
Axfood AB
Food & Staples Retailing 30,670 872,037
Electrolux AB B
Consumer Durables & Apparel 2,750 82,100
ForeningsSparbanken
Banks 11,088 304,005
Nordea Bank AB
Banks 51,372 659,035
Svenska Handelsbk A
Banks 8,155 233,527
Sandvik AB
Capital Goods 1,861 120,694
Scania AB B
Capital Goods 13,304 616,943
Skanska AB Cl B
Capital Goods 15,631 269,836
SSAB Swedish Steel A
Materials 2,350 138,089
SSAB Swedish St Rts
Materials 2,350 605

3,296,871
SWITZERLAND – 3.6%
Logitech Intl (a)
Technology Hardware & Equipment 3,612 149,562
Novartis AG
Pharma, Biotech & Life Sciences 2,950 168,758
Rieter Holding
Automobiles & Components 1,715 750,119
Swisscom AG
Telecommunication Services 1,529 508,642

1,577,081

17


Domini European Social Equity Trust / Portfolio of Investments (Continued) 

April 30, 2006 (Unaudited) 

Security
Industry Shares Value
UNITED KINGDOM – 25.4%
Aggreko PLC
Commercial Services & Supplies 94,799 $ 528,565
Arriva PLC
Transportation 47,519 500,531
Aviva PLC
Insurance 18,069 263,073
Barratt Developments
Consumer Durables & Apparel 17,492 315,400
Bellway
Consumer Durables & Apparel 11,578 252,537
Bradford & Bingley
Banks 56,032 492,937
Brambles Ind PLC
Commercial Services & Supplies 46,115 380,128
Firstgroup PLC
Transportation 88,736 670,971
GlaxoSmithKline Plc
Pharma, Biotech & Life Sciences 9,006 254,713
HBOS PLC
Banks 18,237 319,054
HSBC Holdings PLC
Banks 20,843 358,963
Inchcape UK
Retailing 3,547 176,009
Kelda Group PLC
Utilities 36,914 515,303
Man Group PLC
Diversified Financials 10,017 460,101
Marks & Spencer PLC
Retailing 58,087 618,182
National Grid PLC
Utilities 85,915 898,720
Next PLC
Retailing 21,171 620,321
Northern Rock PLC
Banks 8,586 165,428
Pilkington PLC
Capital Goods 253,667 750,404
Rexam PLC
Materials 6,297 62,379
Royal & Sun Alliance
Insurance 79,526 199,480
Scottish Power UK
Utilities 101,210 1,031,120
Taylor Woodrow PLC
Consumer Durables & Apparel 77,111 536,816
Wimpey (George) PLC
Consumer Durables & Apparel 15,550 147,965
Yell Group PLC
Media 53,558 500,377

11,019,477
Total Investments – 97.1%
(Cost $36,824,631)(b)
42,130,035
Other Assets, less liabilities – 2.9%
1,277,507
Net Assets – 100.0%
$ 43,407,542
 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $36,830,372. The aggregate gross unrealized appreciation is $5,429,948, and the aggregate gross unrealized depreciation is $130,285, resulting in net unrealized appreciation of $5,299,663. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

18


DOMINI EUROPEAN SOCIAL EQUITY TRUST 

NOTES TO PORTFOLIO OF INVESTMENTS
APRIL 30, 2006 (UNAUDITED) 

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES 

Domini European Social Equity Trust (European Trust) is a series of Domini Social Trust (formerly Domini Social Index Portfolio), which is registered under the Investment Company Act of 1940 as a diversified, open-end management investment company that was organized as a trust under the laws of the State of New York on June 7, 1989. The Declaration of Trust permits the Trustees to issue an unlimited number of beneficial interests in the European Trust. The European Trust was designated as a series of the Domini Social Trust on August 1, 2005 and commenced operations on October 1, 2005. The European Trust invests primarily in stocks of European companies that meet a comprehensive set of social and environmental standards. 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The following is a summary of the European Trust's significant accounting policies. 

(A) Valuation of Investments. Securities listed or traded on national securities exchanges are valued at the last sale price or, if there have been no sales that day, at the mean of the current bid and ask price which represents the current value of the security. Securities listed on the NASDAQ National Market System are valued using the NASDAQ Official Closing Price (the ‘‘NOCP’’). If an NOCP is not available for a security listed on the NASDAQ National Market System, the security will be valued at the last sale price or, if there have been no sales that day, at the mean of the current bid and ask price. Securities for which there are no such quotations or valuations are valued at fair value as determined in good faith by or at the direction of the Board of Trustees. 

Securities that are primarily traded on foreign exchanges generally are valued at the closing price of such securities on their respective exchanges, except that if the European Trust's Manager or Submanager, as applicable, is of the opinion that such price would result in an inappropriate value for a security, including as a result of an occurrence subsequent to the time a value was so established, then the fair value of those securities may be determined by consideration of other factors by or under the direction of the Board of Trustees or its delegates. In valuing assets, prices  

19


denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate. 

(B) Foreign Currency Translation. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts on the date of valuation. Purchases and sales of securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. Occasionally, events may impact the availability or reliability of foreign exchange rates used to convert the U.S. dollar equivalent value. If such an event occurs, the foreign exchange rate will be valued at fair value using procedures established and approved by the Board of Trustees. 

The European Trust does not separately report the effect of fluctuations in foreign exchange rates from changes in market prices on securities held. Such fluctuations are included with the net unrealized gain or loss from investments. 

(C) Foreign Currency Contracts. When the European Trust purchases or sells foreign securities it may enter into foreign exchange contracts to minimize foreign exchange risk from the trade date to the settlement date of the transactions. A foreign exchange contract is an agreement between two parties to exchange different currencies at an agreed upon exchange rate on a specified date. 

(D) Dividend Income. Dividend income is recorded on the ex-dividend date. 

(E) Federal Taxes. The European Trust will be treated as a partnership for U.S. federal income tax purposes and is therefore not subject to U.S. federal income tax. As such, each investor in the European Trust will be taxed on its share of the European Trust's ordinary income and capital gains. It is intended that the European Trust will be managed in such a way that an investor will be able to satisfy the requirements of the Internal Revenue Code applicable to regulated investment companies. 

(F) Other. Investment transactions are accounted for on the trade date. Gains and losses are determined on the basis of identified cost. 

20  Domini European Social Equity Trust — Notes to Portfolio of Investments


Each Fund's Portfolio of Investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the Funds' shareholders. For more information regarding the Funds and their holdings, please see the Funds' most recent Prospectus and Annual Report. 

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Item 2. Controls and Procedures.

(a)    Within 90 days prior to the filing of this report on Form N-Q, Amy L. Domini, the registrant’s President and Principal Executive Officer, and Carole M. Laible, the registrant’s Treasurer and Principal Financial Officer, reviewed the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) of the Investment Company Act of 1940) and evaluated their effectiveness. Based on their evaluation, Ms. Domini and Ms. Laible determined that the disclosure controls and procedures adequately ensure that information required to be disclosed by the registrant in this report on Form N-Q is recorded, processed, summarized, and reported within the time periods required by the Securities and Exchange Commission’s rules and forms.

(b)    There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Separate certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 for each principal executive officer and principal financial officer of the registrant are filed herewith.




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DOMINI SOCIAL INVESTMENT TRUST

By: /s/ Amy L. Domini                                 
Amy L. Domini
President

Date: June 28, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Amy L. Domini                                    
Amy L. Domini
President (Principal Executive Officer)

Date: June 28, 2006

By: /s/ Carole M. Laible                             
Carole M. Laible
Treasurer (Principal Financial Officer)

Date: June 28, 2006