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: October 31, 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 Equity Trust (Equity Trust) (Formerly Domini Social Index Trust) and owns a pro rata interest in the Equity Trust’s net assets.  At October 31, 2006, the Domini Social Equity Fund owned approximately 80.3% of the Equity Trust’s outstanding interests.  The Equity 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 October 31, 2006, the Domini European Social Equity Fund owned approximately 93.6% of the European Trust’s outstanding interests.  The European Trust’s Schedule of Investments is set forth below.  


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

 






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

each a series of
Domini Social Investment Trust 

Quarterly Holdings Report
October 31, 2006 (Unaudited) 

Domini Social Equity Fund invests in an underlying portfolio, Domini Social Equity 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 Equity Trust 

Portfolio of Investments 

October 31, 2006 (Unaudited) 

  Security
      Shares         Value    
  Consumer Discretionary – 13.3%
       
  American Greetings Corporation, Class A
        13,100           $ 313,221      
  AutoZone, Inc. (a)
        12,531             1,403,472      
  Bandag, Inc.
        2,900             127,281      
  Bed Bath & Beyond (a)
        67,100             2,703,459      
  Best Buy Co., Inc.
        95,200             5,259,799      
  Black & Decker Corp.
        17,561             1,473,017      
  Bright Horizons Family Solutions, Inc. (a)
        6,400             245,888      
  Centex Corporation
        28,200             1,474,860      
  Champion Enterprises, Inc. (a)
        19,000             175,940      
  Charming Shoppes,
Inc. (a)
        26,300             389,240      
  Circuit City Stores, Inc.
        33,500             903,830      
  Claire’s Stores, Inc.
        22,200             629,370      
  Cooper Tire and Rubber Company
        15,300             164,169      
  Darden Restaurants, Inc.
        34,800             1,458,120      
  DeVry, Inc. (a)
        14,100             343,335      
  Disney (Walt) Company (The)
        493,050             15,511,352      
  Dollar General Corporation
        74,351             1,043,145      
  Dow Jones & Company
        14,800             519,332      
  eBay Inc. (a)
        276,572             8,886,258      
  Emmis Communications Corporation,
Class A (a)
        7,660             94,524      
  Family Dollar Stores Inc.
        35,800             1,054,310      
  Foot Locker, Inc.
        36,400             844,116      
  Gaiam, Inc. (a)
        4,100             59,491      
  Gap Inc.
        127,797             2,686,293      
  Genuine Parts Company
        40,700             1,852,664      
  Harley-Davidson, Inc.
        62,300             4,275,649      
  Harman International Industries, Inc.
        15,520             1,588,472      
  Hartmarx
Corporation (a)
        8,500             60,435      
  Home Depot, Inc. (The)
        486,044             18,144,023      
  Horton (D.R.), Inc.
        64,733             1,516,694      
  Interface, Inc.,
Class A (a)
        11,400             165,870      
  Johnson Controls, Inc.
        46,000             3,750,840      
  KB Home
        17,800             799,932      
  Lee Enterprises, Inc.
        10,900             310,977      
  Leggett & Platt, Incorporated
        42,900             1,001,715      
  Limited Brands
        80,530             2,373,219      
  Consumer Discretionary (Continued)
 
  Liz Claiborne, Inc.
        24,500           $ 1,033,165      
  Lowe’s Companies, Inc.
        359,973             10,849,586      
  Mattel, Inc.
        89,885             2,034,098      
  McClatchy Newspapers A, Class A
        8,600             372,810      
  McDonald’s Corporation
        291,093             12,202,619      
  McGraw-Hill Companies
        83,000             5,326,110      
  Media General, Inc., Class A
        5,600             207,760      
  Men’s Wearhouse, Inc.
        12,650             504,103      
  Meredith Corporation
        9,300             488,250      
  Modine Manufacturing Company
        7,800             185,718      
  New York Times Company, Class A
        34,300             829,031      
  Newell Rubbermaid, Inc.
        64,878             1,867,189      
  NIKE, Inc., Class B
        44,500             4,088,660      
  Nordstrom, Inc.
        54,400             2,575,840      
  Office Depot (a)
        67,300             2,825,927      
  Omnicom Group, Inc.
        40,100             4,068,145      
  Penney (J.C.) Company, Inc.
        52,400             3,942,052      
  Pep Boys — Manny, Moe & Jack
        12,900             182,922      
  Phillips-Van Heusen Corporation
        11,700             535,392      
  Pulte Homes, Inc.
        50,300             1,558,797      
  Radio One, Inc. (a)
        2,300             15,847      
  RadioShack Corporation
        32,300             576,232      
  Ruby Tuesday, Inc.
        14,000             388,500      
  Scholastic
Corporation (a)
        5,100             160,242      
  Scripps (E.W.) Company (The), Class A
        19,900             984,254      
  Snap-On Incorporated
        13,850             651,366      
  Spartan Motors, Inc.
        3,100             64,387      
  Stanley Works
        19,300             919,645      
  Staples, Inc.
        172,084             4,438,046      
  Starbucks
Corporation (a)
        178,314             6,731,354      
  Stride Rite Corporation
        9,200             135,700      
  Target Corporation
        202,400             11,978,032      
  Tiffany & Co.
        32,800             1,171,616      
  Timberland Company (The) (a)
        12,200             351,970      
  Time Warner, Inc.
        959,220             19,193,992      
  TJX Companies, Inc.
        106,900             3,094,755      

1


Domini Social Equity Trust / Portfolio of Investments (Continued) 

October 31, 2006 (Unaudited) 

  Security
      Shares         Value    
  Consumer Discretionary (Continued)
 
  Tribune Company
        43,800           $ 1,459,854      
  Tupperware Corporation
        13,300             282,359      
  Univision Communications, Inc., Class A (a)
        59,800             2,096,588      
  Valassis Communications
Inc. (a)
        11,400             171,114      
  Washington Post Company, Class B
        1,300             979,030      
  Wendy’s International, Inc.
        27,300             944,580      
  Whirlpool Corporation
        18,536             1,611,334      
 
 
              197,683,283      
  Consumer Staples – 12.0%
       
  Alberto-Culver Company, Class B
        17,450             886,635      
  Avon Products, Inc.
        106,143             3,227,809      
  Campbell Soup Company
        54,900             2,052,162      
  Chiquita Brands International, Inc.
        10,000             137,000      
  Church & Dwight Co., Inc.
        15,400             624,778      
  Clorox Company
        35,900             2,317,704      
  Coca-Cola Company
        480,000             22,425,600      
  Colgate-Palmolive Company
        122,000             7,804,340      
  Costco Wholesale Corporation
        110,330             5,889,415      
  CVS Corporation
        193,900             6,084,582      
  Dean Foods (a)
        31,600             1,323,724      
  Estée Lauder Companies, Inc. (The),
Class A
        28,000             1,130,920      
  General Mills Incorporated
        83,900             4,767,198      
  Green Mountain Coffee, Inc. (a)
        1,300             51,441      
  Hain Celestial Group, Inc. (The) (a)
        9,500             268,185      
  Heinz (H.J.) Company
        78,793             3,321,913      
  Hershey Foods Corporation
        41,700             2,206,347      
  Kellogg Company
        57,700             2,902,887      
  Kimberly-Clark Corporation
        107,664             7,161,809      
  Kroger Company
        170,700             3,839,043      
  Longs Drug Stores Corporation
        6,600             284,064      
  Consumer Staples (Continued)
 
  McCormick & Company, Inc.
        31,300             $1,170,620      
  PepsiAmericas, Inc.
        14,400             294,480      
  PepsiCo, Inc.
        387,970             24,612,817      
  Procter & Gamble Company
        748,487             47,446,591      
  Safeway Inc.
        105,700             3,103,352      
  Smucker (J.M.) Company
        13,605             666,645      
  SUPERVALU, Inc.
        47,580             1,589,172      
  Sysco Corporation
        146,300             5,117,574      
  Tootsie Roll Industries, Inc.
        6,337             201,390      
  United Natural Foods, Inc. (a)
        10,000             349,000      
  Walgreen Company
        237,559             10,376,577      
  Whole Foods Market, Inc.
        33,400             2,132,256      
  Wild Oats Markets,
Inc. (a)
        6,550             117,769      
  Wrigley (Wm.) Jr. Company
        52,000             2,701,400      
 
 
              178,587,199      
  Energy – 3.2%
       
  Anadarko Petroleum Corporation
        108,470             5,035,177      
  Apache Corporation
        77,124             5,037,740      
  Cameron International Corp. (a)
        26,500             1,327,650      
  Chesapeake Energy Corp
        90,200             2,926,088      
  Devon Energy Corporation
        104,244             6,967,669      
  EOG Resources, Inc.
        57,200             3,805,516      
  Helmerich & Payne, Inc.
        25,000             598,750      
  Kinder Morgan, Inc.
        24,500             2,574,950      
  National Oilwell Varco, Inc. (a)
        41,200             2,488,480      
  Newfield Exploration (a)
        30,600             1,248,174      
  Noble Energy, Inc.
        42,000             2,042,460      
  Ormat Technologies Inc.
        1,800             69,120      
  Pioneer Natural Resources Company
        29,700             1,209,681      
  Rowan Companies, Inc.
        26,200             874,556      
  Smith International
        46,792             1,847,348      
  Sunoco, Inc.
        31,035             2,052,345      
  Williams Companies, Inc.
        140,477             3,431,853      

2


Domini Social Equity Trust / Portfolio of Investments (Continued) 

October 31, 2006 (Unaudited) 

  Security
      Shares         Value    
  Energy (Continued)
 
  XTO Energy Inc.
        85,593           $ 3,993,769      
 
 
              47,531,326      
  Financials – 22.6%
       
  AFLAC, Inc.
        116,300             5,224,196      
  Allied Capital Corporation
        34,000             1,072,020      
  AMBAC Financial Group, Inc.
        25,200             2,103,948      
  American Express Company
        286,600             16,568,346      
  AmSouth Bancorporation
        81,000             2,447,820      
  BB&T Corporation
        127,100             5,531,392      
  Capital One Financial Corporation
        71,700             5,687,961      
  Cathay General Bancorp
        12,290             423,391      
  Chicago Mercantile Exchange
        8,300             4,158,300      
  Chittenden Corporation
        10,920             322,031      
  Chubb Corporation
        96,200             5,113,030      
  Cincinnati Financial Corporation
        40,417             1,845,036      
  CIT Group
        46,700             2,430,735      
  Comerica Incorporated
        38,100             2,217,039      
  Edwards (A.G.), Inc.
        18,187             1,037,568      
  Equity Office Properties Trust
        82,500             3,506,250      
  Fannie Mae
        228,196             13,522,895      
  Fifth Third Bancorp
        131,711             5,248,683      
  First Horizon National Corporation
        29,500             1,159,940      
  FirstFed Financial
Corp. (a)
        4,100             253,257      
  Franklin Resources, Inc.
        39,000             4,444,440      
  Freddie Mac
        162,800             11,231,572      
  Genl Growth Properties
        57,434             2,980,825      
  Hartford Financial Services Group (The)
        71,800             6,258,806      
  Heartland Financial USA, Inc.
        3,000             85,980      
  Janus Capital Group Inc.
        49,126             986,450      
  KeyCorp
        95,000             3,528,300      
  Lincoln National Corporation
        67,859             4,296,153      
  M&T Bank Corp.
        18,490             2,252,267      
  Maguire Properties Inc.
        6,700             286,492      
  Marsh & McLennan Companies, Inc.
        129,600             3,815,424      
  Financials (Continued)
 
  MBIA, Inc.
        32,200           $ 1,997,044      
  Medallion Financial Corp.
        3,400             40,630      
  Mellon Financial Corporation
        97,200             3,771,360      
  Merrill Lynch & Co., Inc.
        209,061             18,276,113      
  MGIC Investment Corporation
        20,100             1,181,076      
  Moody’s Corporation
        55,800             3,699,540      
  Morgan (J.P.) Chase & Co.
        817,151             38,765,643      
  National City Corporation
        141,700             5,278,325      
  Northern Trust Corporation
        43,500             2,554,320      
  PNC Financial Services Group
        70,000             4,902,100      
  Popular Inc.
        65,896             1,198,648      
  Principal Financial Group, Inc.
        64,000             3,615,360      
  Progressive Corporation (The)
        183,612             4,437,902      
  ProLogis
        57,800             3,657,006      
  Regions Financial Corp. (New)
        107,600             4,083,420      
  SAFECO Corporation
        27,700             1,611,863      
  Schwab (Charles) Corporation
        243,800             4,442,036      
  SLM Corporation
        97,200             4,731,696      
  Sovereign Bancorp
        83,955             2,003,166      
  St. Paul Travelers Companies, Inc. (The)
        162,364             8,301,671      
  State Street Corporation
        78,600             5,048,478      
  SunTrust Banks, Inc.
        86,200             6,808,938      
  Synovus Financial Corporation
        75,450             2,216,721      
  T. Rowe Price Group, Inc.
        62,300             2,947,413      
  TradeStation Group, Inc. (a)
        5,100             79,815      
  U.S. Bancorp
        417,821             14,139,063      
  UnumProvident Corporation
        81,600             1,614,048      
  Wachovia Corporation
        443,974             24,640,557      
  Wainwright Bank & Trust Co.
        1,056             11,690      
  Washington Mutual, Inc.
        227,942             9,641,947      
  Wells Fargo & Company
        792,396             28,756,051      

3


Domini Social Equity Trust / Portfolio of Investments (Continued) 

October 31, 2006 (Unaudited) 

  Security
      Shares         Value    
  Financials (Continued)
 
  Wesco Financial Corporation
        300           $ 143,823      
 
 
              334,638,010      
  Health Care – 13.7%
       
  Affymetrix Inc (a)
        16,100             410,550      
  Allergan, Inc.
        35,805             4,135,478      
  Amgen, Inc. (a)
        275,753             20,932,410      
  Bard (C.R.), Inc.
        24,600             2,016,216      
  Bausch & Lomb Incorporated
        12,200             653,188      
  Baxter International, Inc.
        153,200             7,042,604      
  Becton Dickinson and Company
        58,200             4,075,746      
  Biogen Idec Inc. (a)
        80,850             3,848,460      
  Biomet, Inc.
        58,200             2,202,288      
  Boston Scientific Corporation (a)
        278,219             4,426,464      
  CIGNA Corporation
        26,100             3,053,178      
  Cross Country Healthcare, Inc. (a)
        5,200             100,672      
  Dionex Corporation (a)
        4,800             261,120      
  Fisher Scientific International (a)
        29,000             2,482,980      
  Forest Laboratories,
Inc. (a)
        75,596             3,699,668      
  Gen-Probe Inc. (a)
        12,300             588,801      
  Genzyme Corporation (a)
        61,409             4,145,722      
  Gilead Sciences (a)
        107,800             7,427,420      
  Health Management Association, Class A
        56,900             1,120,930      
  Hillenbrand Industries, Inc.
        14,300             839,124      
  Humana, Inc. (a)
        39,200             2,352,000      
  IMS Health, Inc.
        48,013             1,337,162      
  Invacare Corporation
        7,700             168,091      
  Invitrogen
Corporation (a)
        12,200             707,722      
  Johnson & Johnson
        689,537             46,474,793      
  King Pharmaceuticals Inc. (a)
        55,800             933,534      
  Manor Care, Inc.
        17,300             830,227      
  McKesson HBOC, Inc.
        71,120             3,562,401      
  MedImmune, Inc. (a)
        56,900             1,823,076      
  Medtronic, Inc.
        271,034             13,193,935      
  Merck & Co., Inc.
        512,000             23,255,040      
  Millipore
Corporation (a)
        12,800             825,984      
  Molina Healthcare
Inc. (a)
        2,900             113,767      
  Mylan Laboratories, Inc.
        50,075             1,026,538      
  Health Care (Continued)
 
  Patterson Companies, Inc. (a)
        31,900           $ 1,047,915      
  Quest Diagnostics Incorporated
        38,200             1,900,068      
  St. Jude Medical,
Inc. (a)
        83,800             2,878,530      
  Stryker Corporation
        69,035             3,609,840      
  Synovis Life Technologies, Inc. (a)
        2,600             19,188      
  Thermo Electron Corporation (a)
        37,500             1,607,625      
  UnitedHealth Group Incorporated
        317,782             15,501,406      
  Waters Corporation (a)
        24,400             1,215,120      
  Watson Pharmaceuticals (a)
        24,300             653,913      
  Zimmer Holdings,
Inc. (a)
        57,691             4,154,329      
 
 
              202,655,223      
  Industrials – 6.8%
       
  3M Company
        177,607             14,002,536      
  Alaska Air Group,
Inc. (a)
        9,500             381,425      
  American Power Conversion
        39,500             1,194,085      
  AMR Corporation (a)
        50,200             1,422,668      
  Apogee Enterprises, Inc.
        6,700             107,803      
  Avery Dennison Corporation
        22,500             1,420,650      
  Baldor Electric Company
        7,000             224,560      
  Banta Corporation
        5,750             254,610      
  Brady Corporation, Class A
        12,000             444,000      
  CLARCOR, Inc.
        12,400             403,992      
  Cooper Industries, Inc., Class A
        21,800             1,950,010      
  Cummins, Inc.
        12,500             1,587,250      
  Deere & Company
        54,100             4,605,533      
  Deluxe Corporation
        11,200             253,904      
  Donaldson Company, Inc.
        16,900             634,595      
  Donnelley (R.R.) & Sons Company
        51,500             1,743,790      
  Emerson Electric Company
        95,800             8,085,520      
  Energy Conversion Devices (a)
        8,100             297,999      
  Fastenal Company
        28,700             1,154,888      
  FedEx Corporation
        72,300             8,281,241      
  GATX Corporation
        12,200             531,554      
  Graco, Inc.
        16,152             658,356      

4


Domini Social Equity Trust / Portfolio of Investments (Continued) 

October 31, 2006 (Unaudited) 

  Security
      Shares         Value    
  Industrials (Continued)
 
  Grainger (W.W.), Inc.
        17,700           $ 1,288,206      
  Granite Construction Incorporated
        8,225             428,523      
  Herman Miller, Inc.
        15,000             514,200      
  HNI Corporation
        11,900             535,143      
  Hubbell Incorporated, Class B
        14,460             716,059      
  Ikon Office Solutions
        30,800             459,228      
  Illinois Tool Works, Inc.
        97,900             4,692,347      
  JetBlue Airways Corporation (a)
        38,550             484,188      
  Kadant Inc. (a)
        3,700             101,010      
  Kansas City Southern Industries, Inc. (a)
        17,200             488,308      
  Kelly Services, Inc.
        5,075             146,059      
  Lawson Products, Inc.
        600             29,046      
  Lincoln Electric Holdings, Inc.
        10,100             621,049      
  Masco Corporation
        93,496             2,585,164      
  Milacron, Inc. (a)
        12,633             11,370      
  Monster Worldwide (a)
        29,700             1,203,147      
  Nordson Corporation
        8,000             368,400      
  Norfolk Southern Corporation
        98,000             5,151,860      
  Pall Corp.
        28,600             912,340      
  Pitney Bowes, Inc.
        52,200             2,438,262      
  Robert Half International, Inc.
        40,700             1,487,585      
  Ryder System, Inc.
        14,700             773,955      
  Smith (A.O.) Corporation
        5,200             182,832      
  Southwest Airlines Co.
        187,262             2,814,548      
  SPX Corporation
        13,730             789,750      
  Standard Register Company
        3,200             43,296      
  Steelcase, Inc.
        13,300             220,381      
  Tennant Company
        4,600             127,190      
  Thomas & Betts Corporation (a)
        12,400             638,972      
  Toro Company
        9,700             418,652      
  Trex Company, Inc. (a)
        2,600             68,692      
  United Parcel Service, Inc., Class B
        255,159             19,226,230      
  YRC Worldwide Inc. (a)
        13,180             510,593      
 
 
              100,117,554      
  Information Technology – 19.1%
       
  3Com Corporation (a)
        93,700             455,382      
  Adaptec, Inc. (a)
        27,400             124,122      
  ADC Telecommunications
(a)
        27,828             398,219      
  Information Technology (Continued)
 
  Adobe Systems Incorporated (a)
        136,600             $5,224,950      
  Advanced Micro Devices, Inc. (a)
        115,500             2,456,685      
  Advent Software,
Inc. (a)
        4,200             155,484      
  Analog Devices, Inc.
        83,900             2,669,698      
  Andrew
Corporation (a)
        38,000             351,880      
  Apple Computer,
Inc. (a)
        200,654             16,269,026      
  Applied Materials, Inc.
        329,000             5,721,310      
  Arrow Electronics,
Inc. (a)
        29,000             865,650      
  Autodesk, Inc. (a)
        55,100             2,024,925      
  Automatic Data Processing, Inc.
        131,074             6,480,299      
  BMC Software, Inc. (a)
        48,700             1,476,097      
  CDW Corporation
        14,200             932,514      
  Ceridian
Corporation (a)
        32,400             763,668      
  Cisco Systems, Inc. (a)
        1,436,858             34,671,384      
  Coherent, Inc. (a)
        7,700             248,171      
  Compuware Corporation (a)
        86,000             691,440      
  Convergys Corp. (a)
        31,900             676,599      
  Dell Inc. (a)
        535,394             13,026,136      
  Electronic Arts Inc. (a)
        72,300             3,823,947      
  Electronic Data Systems Corporation
        122,200             3,095,326      
  EMC Corporation (a)
        539,900             6,613,775      
  Entegris, Inc. (a)
        32,800             367,688      
  Gerber Scientific,
Inc. (a)
        5,700             83,277      
  Hewlett-Packard Company
        645,310             24,999,309      
  Imation Corporation
        7,900             361,583      
  Intel Corporation
        1,359,155             29,004,368      
  Itron, Inc. (a)
        6,100             332,084      
  Lexmark International Group, Inc. (a)
        23,400             1,488,006      
  LSI Logic
Corporation (a)
        95,000             954,750      
  Lucent Technologies, Inc. (a)
        1,049,192             2,549,537      
  Merix Corporation (a)
        4,750             42,750      
  Micron Technology,
Inc. (a)
        167,900             2,426,155      
  Microsoft Corporation
        2,036,210             58,459,589      
  Molex Incorporated
        33,546             1,170,755      

5


Domini Social Equity Trust / Portfolio of Investments (Continued) 

October 31, 2006 (Unaudited) 

  Security
      Shares         Value    
  Information Technology (Continued)
 
  National Semiconductor Corporation
        70,900           $ 1,722,161      
  Novell, Inc. (a)
        62,500             375,000      
  Novellus Systems,
Inc. (a)
        29,300             810,145      
  Palm Inc. (a)
        21,108             324,008      
  Paychex, Inc.
        78,700             3,107,076      
  Plantronics Inc.
        11,000             232,210      
  Polycom Inc. (a)
        21,000             575,400      
  Qualcomm, Inc.
        389,500             14,173,905      
  Red Hat, Inc. (a)
        45,400             743,652      
  Salesforce.com, Inc. (a)
        20,100             784,302      
  Sapient Corporation (a)
        19,800             107,910      
  Solectron
Corporation (a)
        217,400             726,116      
  Sun Microsystems,
Inc. (a)
        826,300             4,486,809      
  Symantec Corporation (a)
        235,200             4,666,368      
  Tektronix, Inc.
        19,900             604,363      
  Tellabs, Inc. (a)
        105,600             1,113,024      
  Texas Instruments, Inc.
        361,362             10,905,905      
  Xerox Corporation (a)
        225,400             3,831,800      
  Xilinx, Inc.
        80,800             2,061,208      
 
 
              282,807,900      
  Materials – 1.8%
             
  Air Products & Chemicals, Inc.
        52,400             3,650,708      
  Airgas, Inc.
        16,800             635,208      
  Aleris International,
Inc. (a)
        7,500             386,325      
  Bemis Company, Inc.
        24,900             837,138      
  Cabot Corporation
        14,900             589,295      
  Calgon Carbon Corporation (a)
        10,100             46,662      
  Caraustar Industries, Inc. (a)
        7,200             77,976      
  Chaparral Steel Company
        11,200             465,808      
  Crown Holdings,
Inc. (a)
        39,900             775,656      
  Ecolab, Inc.
        42,500             1,927,375      
  Fuller (H.B.) Company
        14,200             352,018      
  Lubrizol Corporation
        16,300             733,500      
  MeadWestvaco Corp.
        43,112             1,186,442      
  Minerals Technologies, Inc.
        4,700             259,252      
  Nucor Corporation
        73,193             4,275,203      
  Praxair, Inc.
        76,400             4,603,100      
  Rock-Tenn Company, Class A
        7,800             160,992      
  Materials (Continued)
 
  Rohm & Haas Company
        34,087           $ 1,766,388      
  Schnitzer Steel Industries Inc., Class  A
        5,300             185,288      
  Sealed Air Corporation
        18,800             1,118,976      
  Sigma-Aldrich Corporation
        15,800             1,186,738      
  Sonoco Products Company
        23,545             835,377      
  Valspar Corporation
        24,200             648,318      
  Wausau-Mosinee Paper Corporation
        10,700             145,092      
  Wellman, Inc.
        4,400             16,588      
  Worthington Industries, Inc.
        17,100             295,488      
 
 
              27,160,911      
  Telecommunication Services – 6.2%
             
  AT&T Inc.
        914,167             31,310,220      
  BellSouth Corporation
        428,279             19,315,383      
  Citizens Communications Company
        75,167             1,101,948      
  Sprint Corp. - FON Group
        704,599             13,168,955      
  Telephone and Data Systems, Inc.
        24,900             1,216,365      
  Verizon Communications
        684,022             25,308,814      
 
 
              91,421,685      
  Utilities – 0.9%
             
  AGL Resources, Inc.
        18,500             693,750      
  Cascade Natural Gas Corporation
        2,900             74,646      
  Cleco Corporation
        12,200             313,540      
  Energen Corporation
        17,200             736,504      
  Equitable Resources, Inc.
        27,900             1,130,508      
  IDACORP, Inc.
        10,200             402,186      
  KeySpan Corporation
        41,600             1,688,128      
  MGE Energy, Inc.
        5,100             174,420      
  National Fuel Gas Company
        19,100             714,340      
  NICOR, Inc.
        10,300             473,388      
  NiSource, Inc.
        64,847             1,508,990      
  Northwest Natural Gas Company
        6,500             268,905      
  OGE Energy Corporation
        21,600             833,328      
  Peoples Energy Corporation
        9,100             397,579      

6


Domini Social Equity Trust / Portfolio of Investments (Continued) 

October 31, 2006 (Unaudited) 

  Security
      Shares         Value    
  Utilities (Continued)
 
  Pepco Holdings, Inc.
        45,300           $ 1,151,526      
  Questar Corporation
        20,400             1,662,192      
  Southern Union Company
        24,021             664,901      
  WGL Holdings
        11,200             363,440      
 
 
              13,252,271      
      
                       
  Total Investments — 99.6%
 
  (Cost $1,061,841,736)(b)
      $ 1,475,855,362      
  Other Assets, less
liabilities — 0.4%
        5,654,147      
  Net Assets — 100.0%
      $ 1,481,509,509      
 
 
             

     

 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $1,175,232,479. The aggregate gross unrealized appreciation is $358,660,441, and the aggregate gross unrealized depreciation is $58,037,558, resulting in net unrealized appreciation of $300,622,883. 

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 EQUITY TRUST 

NOTES TO PORTFOLIO OF INVESTMENTS
October 31, 2006 (UNAUDITED) 

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES 

Domini Social Equity Trust (formerly Domini Social Index Trust) (the ‘‘Equity Trust’’) is a series of Domini Social Trust (formerly Domini Social Index Portfolio) (the ‘‘Trust’’) 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 Equity 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 Equity Trust. The Equity 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 Equity Trust’s significant accounting policies. 

(A) Valuation of Investments. The Equity 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. Equity 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 Equity Trust’s Board of Trustees. 

(B) Investment Transactions and Investment Income. Investment transactions are accounted for on the trade date. Realized gains and losses from security transactions are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date. 

(C) Federal Taxes. The Equity 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 Equity Trust will be taxed  

8


on its share of the Equity Trust’s ordinary income and capital gains. It is intended that the Equity 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) Subsequent Event. Effective November 30, 2006, the Domini Social Equity Trust will be actively managed and submanaged by Wellington Management Company, LLP. 

Domini Social Equity Trust — Notes to Portfolio of Investments  9


Domini Social Bond Fund 

Portfolio of Investments 

October 31, 2006 (Unaudited) 

 
 
      Principal
Amount
        Value    
  U.S. Government Agency Obligations — 27.6%
             
  Fannie Mae:
             
  3.850%, 4/14/2009
      $ 500,000           $ 488,674      
  4.500%, 2/15/2011
        1,750,000             1,728,086      
  4.625%, 10/15/2013
        2,400,000             2,356,888      
  5.000%, 4/15/2013
        500,000             490,529      
  5.500%, 3/15/2011
        300,000             307,522      
  6.200%, 6/13/2017
        1,000,000             1,003,719      
  Federal Agriculture Mortgage Corporation:
             
  6.680%, 6/10/2014
        1,000,000             1,109,102      
  Federal Farm Credit Bank:
             
  6.300%, 6/6/2011
        250,000             265,324      
  Federal Home Loan Bank:
             
  3.000%, VR, 12/16/2011
        500,000             491,995      
  4.000%, 12/19/2011
        450,000             430,421      
  5.480%, 9/22/2008
        500,000             504,042      
  5.490%, 12/22/2008
        1,500,000             1,514,631      
  5.500%, 8/15/2008
        250,000             252,427      
  5.575%, 2/17/2009
        555,000             563,533      
  6.625%, 11/15/2010
        465,000             494,314      
  7.375%, 2/12/2010
        500,000             537,582      
  Freddie Mac:
             
  4.750%, 3/18/2013
        1,000,000             976,397      
  5.000%, 4/22/2013
        1,000,000             983,434      
  5.000%, 7/23/2018
        750,000             718,107      
  5.500%, 9/15/2011
        1,250,000             1,284,601      
  U.S. Small Business Administration:
             
  2003-10C 1, 3.530%, 5/1/2013
        369,684             355,091      
  2003-20D 1, 4.760%, 4/1/2023
        461,571             452,998      
  2003-20E 1, 4.640%, 5/1/2023
        482,333             470,789      
  2003-20F 1, 4.070%, 6/1/2023
        438,168             413,836      
  2003-20G 1, 4.350%, 7/1/2023
        234,100             224,597      
  Total U.S. Government Agency Obligations
    (Cost $18,386,680)
              18,418,639      
 
 
 
  U.S. Government Agency Mortgage Securities — 45.9%
             
  Fannie Mae:
             
  13743, 6.010%, VR, 11/1/2019
        12,931             13,022      
  250168, 8.000%, 12/1/2009
        30,746             31,408      
  252120, 7.500%, 8/1/2025
        42,601             44,456      
  402999, 6.125%, VR, 10/1/2027
        4,697             4,738      
  526882, 6.853%, VR, 2/1/2029
        9,010             9,179      
  696355, 5.500%, 3/1/2033
        1,430,993             1,418,399      
  789089, 5.500%, 8/1/2019
        626,263             627,835      
  892917, 6.500%, 8/1/2036
        2,191,192             2,234,201      
  Fannie Mae CMO:
             
  1990-99 K, 6.500%, 8/25/2020
        20,178             20,796      
  1993-106 Z, 7.000%, 6/25/2013
        6,300             6,509      
  2003-66 MB, 3.500%, 5/25/2023
        614,835             572,095      
  2003-73 GA, 3.500%, 5/25/2031
        711,185             666,294      
  2005-M1 A, 4.479%, 10/26/2031
        578,705             567,937      

10


Domini Social Bond Fund / Portfolio of Investments (Continued) 

October 31, 2006 (Unaudited) 

 
 
      Principal
Amount
        Value    
  U.S. Government Agency Mortgage Securities (Continued)
       
  Freddie Mac:
             
  845025, 5.141%, VR, 12/1/2018
      $ 18,885           $ 19,254      
  A18404, 5.500%, 2/1/2034
        589,459             584,187      
  A30028, 6.000%, 11/1/2034
        363,219             366,288      
  A51729, 6.500%, 8/1/2036
        1,981,244             2,020,752      
  B11108, 5.500%, 11/1/2018
        1,171,461             1,175,024      
  B11109, 4.500%, 11/1/2018
        1,125,062             1,089,758      
  C77635, 5.500%, 2/1/2033
        1,300,830             1,290,512      
  Freddie Mac CMO:
             
  1208 D, 4.150%, VR, 2/15/2022
        25,104             25,078      
  2302 J, 6.500%, 4/15/2031
        100,979             102,343      
  2628 LE, 3.250%, 6/15/2033
        534,130             503,853      
  Ginnie Mae CMO:
             
  2001-34, 6.397%, VR, 10/16/2020
        869,778             882,318      
  2001-44, 6.114%, 11/16/2021
        311,596             314,501      
  2002-26 C, 5.996%, VR, 2/16/2024
        949,283             965,334      
  2002-37 C, 5.878%, 6/16/2024
        1,000,000             1,019,203      
  2002-9, 5.881%, 3/16/2024
        462,884             465,206      
  2003-36 C, 4.254%, 2/16/2031
        1,000,000             968,855      
  2003-78 C, 5.475%, VR, 2/16/2031
        1,000,000             1,013,603      
  2004-6 C, 4.660%, 7/16/2033
        1,000,000             974,587      
  2004-77 AB, 4.368%, 11/16/2030
        910,096             883,718      
  2005-42 B, 4.571%, 9/15/2027
        1,000,000             975,497      
  2005-67 B, 4.751%, 10/16/2026
        1,000,000             983,383      
  2005-87, 4.449%, 3/16/2025
        932,418             917,651      
  2005-89, 4.811%, 5/16/2027
        978,788             970,277      
  2005-90, 3.760%, 9/16/2028
        980,256             949,830      
  2006-05 A, 4.241%, 7/16/2029
        981,359             960,700      
  2006-9 B, 5.269%, 3/16/2037
        1,000,000             995,780      
  2006-3 A, 4.212%, VR, 1/16/2028
        981,424             960,421      
  2005-79 A, 3.998%, VR, 10/16/2033
        970,345             946,902      
  Government National Mortgage Association:
             
  2038, 8.500%, 7/20/2025
        12,185             13,127      
  2380, 8.500%, 2/20/2027
        25,214             27,000      
  3233, 5.500%, 5/20/2017
        588,190             590,202      
  615760, 5.500%, 8/15/2028
        510,674             509,947      
  Total U.S. Government Agency Mortgage Securities
    (Cost $31,032,170)
              30,681,960      
 
 
 
  Corporate Obligations — 7.7%
             
  Anadarko Petroleum Corporation, 5.950%, 9/15/2016
        600,000             610,481      
  Cisco Systems Inc., 5.500%, 2/22/2016
        600,000             608,012      
  Comcast Corporation, 4.950%, 6/15/2016
        600,000             563,488      
  John Deere Capital Corporation, 3.625%, 5/25/2007
        600,000             594,184      
  Procter & Gamble Company, 8.500%, 8/10/2009
        610,000             665,036      
  SBC Communications, 5.100%, 9/15/2014
        600,000             585,434      
  Southwest Airlines Co., 5.125%, 3/1/2017
        600,000             571,724      
  Verizon Communications, 5.550%, 2/15/2016
        335,000             334,176      
  Wells Fargo & Company, 5.125%, 2/15/2007
        600,000             599,507      
  Total Corporate Obligations
(Cost $5,131,613)
              5,132,042      

11


Domini Social Bond Fund / Portfolio of Investments (Continued) 

October 31, 2006 (Unaudited) 

 
 
      Principal
Amount
        Value    
  Corporate Mortgage Securities — 3.2%
             
  CRFCM 2004-1A A 144A, 5.500%, 4/25/2035
      $ 1,779,231           $ 1,762,156      
  WFMBS 2003-8 A7, 4.500%, 8/25/2018
        389,487             358,189      
  Total Corporate Mortgage Securities
    (Cost $2,159,467)
              2,120,345      
 
 
 
  State & Municipal Obligations — 5.9%
             
  City of Cleveland, OH, 4.350%, 12/1/2011 (Insured: AMBAC)
        500,000             484,695      
  City of Zion, IL, 6.250%, 12/1/2012 (Insured: FGIC)
        250,000             260,873      
  Hudson County, NJ, Improvement Authority, 7.240%, 9/1/2008 (Insured: AMBAC)
        195,000             202,038      
  Hudson County, NJ, Improvement Authority, 7.290%, 9/1/2009 (Insured: AMBAC)
        175,000             184,909      
  Kentucky State Property and Buildings Commission, 3.960%, 10/1/2009 (Insured:MBIA)
        300,000             291,159      
  Los Angeles, CA, Community Redevelopment Agency, 6.600%, 9/1/2020 (Insured: FSA)
        515,000             555,967      
  New Jersey Economic Development Authority, 3.700%, 4/1/2008 (Insured: AMBAC)
        200,000             196,120      
  North Carolina State University at Raleigh, 6.160%, 10/1/2009
        400,000             410,304      
  Pennsylvania Economic Development Financing Authority, 5.650%,
    6/1/2015 (Insured: FGIC)
        380,000             387,007      
  State of Mississippi, 3.510%, 11/1/2009
        500,000             478,715      
  Texas Public Finance Authority, 3.125%, 6/15/2007
        250,000             246,630      
  Yazoo County, MS, 4.200%, 9/1/2008 (Insured: AMBAC)
        225,000             221,342      
  Total State & Municipal Obligations
(Cost $4,030,360)
              3,919,759      
 
 
 
  Certificates of Deposit — 4.3%
             
  Albina Community Bank, 4.410%, 7/29/2007 (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, 4.760%, 5/29/2007 (a)
        100,000             100,000      
  Citizens Savings Bank & Trust, 5.100%, 6/30/2007 (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, 5.300%, 6/1/2007 (a)
        100,000             100,000      
  Communitywide Federal Credit Union, 4.000%, 12/31/2006 (a)
        100,000             100,000      
  Dakotaland Federal Credit Union, 4.040%, 4/22/2007 (a)
        100,000             100,000      
  Delta Southern Bank, 5.000%, 6/21/2007 (a)
        100,000             100,000      
  Elk Horn Bank and Trust, 5.300%, 6/20/2007 (a)
        100,000             100,000      
  First Bank of the Delta, N.A., 4.500%, 6/26/2007
        100,000             100,000      
  First Delta Federal Credit Union, 3.500%, 7/29/2007 (a)
        100,000             100,000      
  Harbor Bank of Maryland, 4.000%, 7/25/2007 (a)
        100,000             100,000      
  Latino Community Credit Union, 4.000%, 5/31/2007 (a)
        100,000             100,000      
  Legacy Bank, 4.150%, 7/26/2007 (a)
        100,000             100,000      
  Liberty Bank and Trust Co., 2.500%, 12/5/2006 (a)
        100,000             100,000      
  Louisville Community Development Bank, 4.000%, 6/25/2007 (a)
        100,000             100,000      
  Lower East Site 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, 4.300%, 6/1/2007 (a)
        100,000             100,000      
  Northside Community Federal Credit Union, 4.000%, 6/27/2007 (a)
        100,000             100,000      
  One United Bank, 4.500%, 5/27/2007 (a)
        100,000             100,000      
  Opportunities Credit Union, 3.000%, 7/21/2007 (a)
        100,000             100,000      

12


Domini Social Bond Fund / Portfolio of Investments (Continued) 

October 31, 2006 (Unaudited) 

 
 
      Principal
Amount
        Value    
  Certificates of Deposit (Continued)
       
  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, 5.250%, 7/26/2007 (a)
        100,000             100,000      
  Wainwright Bank & Trust Company, 4.120%, 5/10/2007 (a)
        100,000             100,000      
  Total Certificates of Deposit
    (Cost $2,900,000)
              2,900,000      
 
 
 
  Cash Equivalents — 3.8%
             
  Investment in Repurchase Agreements:
             
  Investors Bank & Trust, dated 10/31/2006, 3.60%, due 11/1/2006, maturity amount $2,208,378 (collaterized by U.S. Government Agency Obligations, U.S. Small Business Administration, 505927, 8.125%, 5/25/2027, market value $2,318,565)
        2,208,157             2,208,157      
  Money Market Demand Accounts:
             
  Self-Help Credit Union, 4.690%, 11/1/2006 (a)
        221,609             221,609      
  University National Bank, 2.510%, 11/1/2006 (a)
        106,916             106,916      
  Total Cash Equivalents
(Cost $2,536,682)
              2,536,682      
  Total Investments — 98.4%
             
  (Cost $66,176,972)(b)
              65,709,427      
  Other Assets, less liabilities — 1.6%
              1,060,962      
  Net Assets — 100.0%
            $ 66,770,389      
 

(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 $66,176,972. The aggregate gross unrealized appreciation is $303,553, and the aggregate gross unrealized depreciation is $771,098, resulting in net unrealized depreciation of $467,545. 

AMBAC — American Municipal Bond Assurance Corp. 

CMO — Collateralized Mortgage Obligation. 

FGIC — Financial Guarantee Insurance Co. 

FSA — Financial Security Assurance Co. 

MBIA — Municipal Bond Investors Assurance 

VR — Variable interest rate. Rate shown is that on October 31, 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
October 31, 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 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 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 that 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 

October 31, 2006 (Unaudited) 

  Country/Security
    Industry       Shares         Value    
  AUSTRIA – 1.1%
       
  voestalpine AG
    Materials         19,426           $ 916,152      
 
 
                    916,152      
 
 
                   
  BELGIUM – 6.7%
                   
  Bekaert SA
    Capital Goods         3,299             351,802      
  Belgacom SA
    Telecommunication Services         34,338             1,405,103      
  Fortis Group
    Diversified Financials         49,038             2,058,574      
  Omega Pharma SA
    Health Care Equipment & Services         26,132             1,709,371      
 
 
                    5,524,850      
 
 
                   
  DENMARK – 0.6%
                   
  A/S Dampskibssel Torm
    Energy         3,260             176,412      
  Danske Bank A/S
    Banks         7,856             329,604      
 
 
                    506,016      
 
 
                   
  FINLAND – 6.6%
                   
  Cargotec Corp
    Capital Goods         9,182             417,799      
  Kesko OYJ B shs
    Food & Staples Retailing         20,985             991,819      
  Nokia Oyj
    Technology Hardware & Equipment         75,221             1,492,929      
  Rautaruukki OYJ
    Materials         19,261             636,228      
  Sampo Ins Co Ltd A shs
    Insurance         44,692             968,584      
  Uponor Oyj
    Capital Goods         31,066             941,713      
 
 
                    5,449,072      
 
 
                   
  FRANCE – 18.2%
                   
  Assurances Generales de France
    Insurance         9,344             1,311,884      
  Air France-KLM
    Transportation         17,310             616,633      
  BNP Paribas
    Banks         22,520             2,476,243      
  Carrefour SA
    Food & Staples Retailing         21,542             1,312,618      
  Ciments Francais SA
    Materials         3,576             608,412      
  CNP Assurances
    Insurance         7,311             769,374      
  Lafarge SA
    Materials         10,873             1,461,327      
  Natexis Banques Populaires
    Banks         2,494             689,485      
  Neopost SA
    Technology Hardware & Equipment         5,699             696,841      
  Cie de Saint-Gobain
    Capital Goods         11,102             818,320      
  Sanofi-Aventis
    Pharma, Biotech & Life Sciences         1,262             107,276      
  Schneider Elec SA
    Capital Goods         1,686             175,167      
  Societe Generale Paris
    Banks         12,832             2,132,431      
  Vivendi SA
    Media         51,003             1,931,448      
 
 
                    15,107,459      
 
 
                   
  GERMANY – 11.4%
                   
  Beiersdorf
    Household & Personal Products         22,971             1,304,697      
  Celesio AG
    Health Care Equipment & Services         28,907             1,490,576      
  Continental
    Automobiles & Components         4,491             502,246      
  Deutsche Lufthansa Reg
    Transportation         47,766             1,101,658      
  Epcos AG (a)
    Technology Hardware & Equipment         21,103             338,841      
  Fresenius Ag
    Health Care Equipment & Services         6,236             1,125,925      
  Hochtief AG
    Capital Goods         7,697             502,992      

16


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

October 31, 2006 (Unaudited) 

  Country/Security
    Industry       Shares         Value    
  GERMANY (Continued)
                   
  Linde AG
    Materials         3,975           $ 394,007      
  Muenchener Ruechver AG Reg
    Insurance         12,873             2,089,625      
  ProSieben Sat.1
    Media         21,065             602,253      
 
 
                    9,452,820      
 
 
                   
  IRELAND – 0.3%
                   
  Bank Of Ireland
    Banks         11,672             235,233      
 
 
                    235,233      
 
 
                   
  ITALY – 6.9%
                   
  Banca Popolare dell’Emilia Romagna Scrl
    Banks         63,143             1,490,962      
  Banca Popolare dell’Emilia Romagna Scrl rts
    Banks         63,143             23,372      
  Banca Popolare dell’Emilia Romagna Scrl rts
    Banks         63,143             12,653      
  Banca Popolare di Verona
    Banks         24,241             652,525      
  Banche Popolari Unite Scrl
    Banks         40,539             1,112,452      
  Benetton Group SpA
    Consumer Durables & Apparel         56,546             1,071,040      
  Fiat SPA (a)
    Automobiles & Components         76,275             1,346,400      
 
 
                    5,709,404      
 
 
                   
  NETHERLANDS – 6.2%
                   
  Aegon NV
    Insurance         43,095             792,612      
  ING Groep NV
    Diversified Financials         59,970             2,656,797      
  Koninklijke KPN NV
    Telecommunication Services         87,899             1,174,628      
  OCE NV
    Technology Hardware & Equipment         32,325             493,859      
 
 
                    5,117,896      
 
 
                   
  NORWAY – 5.2%
                   
  DNB Nor ASA
    Banks         13,665             178,831      
  Norsk Hydro ASA (a)
    Energy         90,478             2,078,340      
  Petroleum Geo-Services ASA (a)
    Energy         1,689             98,252      
  Statoil ASA
    Energy         50,917             1,286,363      
  Tandberg ASA
    Technology Hardware & Equipment         25,104             289,767      
  Telenor ASA
    Telecommunication Services         23,978             378,497      
 
 
                    4,310,050      
 
 
                   
  SPAIN – 1.3%
                   
  Banco Bilbao Vizcaya Argentaria SA
    Banks         40,023             958,324      
  Corp Financiera Alba
    Diversified Financials         1,754             111,936      
 
 
                    1,070,260      
 
 
                   
  SWEDEN – 3.7%
                   
  Axfood AB
    Food & Staples Retailing         31,620             1,037,741      
  D Carnegie & Co AB
    Diversified Financials         4,645             88,765      
  Nordea Bank AB
    Banks         51,572             710,584      
  Sandvik AB (a)
    Capital Goods         9,305             113,713      

17


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

October 31, 2006 (Unaudited) 

  Country/Security
    Industry       Shares         Value    
  SWEDEN (Continued)
                   
  Scania AB B shs
    Capital Goods         13,804           $ 945,257      
  SSAB Svenskt Stal AB Ser A (a)
    Materials         7,050             149,857      
 
 
                    3,045,917      
 
 
                   
  SWITZERLAND – 4.0%
                   
  Baloise Holding AG
    Insurance         5,169             494,522      
  Novartis AG
    Pharma, Biotech & Life Sciences         4,050             245,829      
  Phonak Holding AG
    Health Care Equipment & Services         8,306             530,206      
  Rieter Holding
    Automobiles & Components         2,895             1,372,032      
  Swatch Group AG
    Consumer Durables & Apparel         17,095             683,058      
 
 
                    3,325,647      
 
 
                   
  UNITED KINGDOM – 27.3%
                   
  Aggreko PLC
    Commercial Services & Supplies         170,621             1,156,857      
  Alliance & Leicester PLC
    Banks         22,678             483,132      
  Alliance Boots PLC
    Food & Staples Retailing         15,165             234,280      
  Arriva PLC
    Transportation         47,675             650,136      
  Aviva Plc
    Insurance         18,069             267,081      
  Barclays PLC
    Banks         177,780             2,398,927      
  Barratt Developments PLC
    Consumer Durables & Apparel         56,469             1,166,396      
  Bellway PLC
    Consumer Durables & Apparel         11,578             297,446      
  Bradford & Bingley
    Banks         57,614             507,665      
  BT Group PLC
    Telecommunication Services         171,143             908,243      
  Firstgroup PLC
    Transportation         127,051             1,301,854      
  GlaxoSmithKline Plc
    Pharma, Biotech & Life Sciences         81,148             2,166,773      
  HBOS PLC
    Banks         18,237             378,086      
  HSBC Holdings PLC
    Banks         20,843             395,143      
  Inchcape plc
    Retailing         21,282             210,155      
  Man Group PLC (a)
    Diversified Financials         147,075             1,368,883      
  Marks & Spencer PLC
    Retailing         58,277             729,692      
  National Grid PLC
    Utilities         161,230             2,060,290      
  Next PLC
    Retailing         26,289             942,626      
  Northern Rock PLC
    Banks         8,586             196,017      
  Royal Bank of Scotland Group PLC
    Banks         52,356             1,865,310      
  Scottish Power Plc
    Utilities         82,826             1,032,333      
  Taylor Woodrow PLC
    Consumer Durables & Apparel         78,802             546,698      
  George Wimpey PLC
    Consumer Durables & Apparel         132,306             1,327,312      
 
 
                    22,591,335      
  Total Investments – 99.5%
(Cost $71,980,107)(b)
        82,362,111      
  Other Assets, less liabilities – 0.5%
        418,817      
  Net Assets – 100.0%
      $ 82,780,928      
 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $72,009,457. The aggregate gross unrealized appreciation is $11,077,644, and the aggregate gross unrealized depreciation is $724,990, resulting in net unrealized appreciation of $10,352,654. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

18


DOMINI EUROPEAN SOCIAL EQUITY TRUST 

NOTES TO PORTFOLIO OF INVESTMENTS
OCTOBER 31, 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 3, 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 or international securities exchanges are valued at the last sale price reported by the security’s primary exchange 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 market quotations are not readily available are valued at fair value as determined in good faith under consistently applied procedures by or at the direction of the European Trust’s 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  

19


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. 

(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 realized and unrealized gain or loss from investments. 

Realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions and the difference between the recorded amounts of dividends, interest, and foreign withholding taxes and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in fair value of assets and liabilities other than investments in securities held at the end of the reporting period, resulting from changes in exchange rates. 

(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) Investment Transactions and Investment Income. Investment transactions are accounted for on trade date. Realized gains and losses from security transactions are determined on the basis of identified cost. 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. 

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. 

21




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: December 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: December 28, 2006



By: /s/ Carole M. Laible                               

Carole M. Laible

Treasurer (Principal Financial Officer)


Date: December 28, 2006