N-Q 1 file1.htm FORM N-Q


                                  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, 2007



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) and
owns a pro rata interest in the Equity Trust's net assets. At April 30, 2007,
the Domini Social Equity Fund owned approximately 87.1% 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 April 30, 2007, the Domini European Social Equity Fund owned
approximately 96.0% of the European Trust's outstanding interests. The European
Trust's Schedule of Investments is set forth below.

Domini PacAsia Social Equity Fund, a series of Domini Social Investment Trust,
invests substantially all of its assets in Domini PacAsia Social Equity Trust
(PacAsia Trust) and owns a pro rata interest in the PacAsia Trust's net assets.
At April 30, 2007, the Domini PacAsia Social Equity Fund owned approximately
96.0% of the PacAsia Trust's outstanding interests. The PacAsia Trust's Schedule
of Investments is set forth below.

Domini EuroPacific Social Equity Fund, a series of Domini Social Investment
Trust, invests substantially all of its assets in Domini EuroPacific Social
Equity Trust (EuroPacific Trust) and owns a pro rata interest in the EuroPacific
Trust's net assets. At April 30, 2007, the Domini EuroPacific Social Equity Fund
owned approximately 94.0% of the EuroPacific Trust's outstanding interests. The
EuroPacific Trust's Schedule of Investments is set forth below.

Domini Social Equity Trust, Domini European Social Equity Trust, Domini PacAsia
Social Equity Trust, and Domini EuroPacific Social Equity Trust are series of
Domini Social Trust.

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

each a series of
Domini Social Investment Trust 

Quarterly Holdings Report
April 30, 2007 (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. Domini PacAsia Social Equity Fund invests in an underlying portfolio, Domini PacAsia Social Equity Trust. Domini EuroPacific Social Equity Fund invests in an underlying portfolio, Domini EuroPacific Social Equity Trust. Each Trust’s Portfolio of Investments is contained in this report. 

 


Domini Social Equity Trust 

Portfolio of Investments 

April 30, 2007 (Unaudited) 

  Security
      Shares         Value    
  Common Stocks – 99.7%
 
  Consumer Discretionary – 12.5%
 
  American Eagle Outfitters
        346,250           $ 10,203,988      
  Autozone Inc (a)
        54,047             7,190,413      
  Best Buy Co Inc
        858             40,026      
  Bright Horizons Family Solutions, Inc. (a)
        443             17,109      
  CBS Corporation, Class B
        989,200             31,426,883      
  Coach Inc (a)
        176,500             8,618,495      
  Comcast Corporation, Class A (a)
        6,750             179,955      
  Cooper Tire & Rubber
        172,000             3,324,760      
  Family Dollar Stores Inc
        123,071             3,918,581      
  Gap Inc
        2,187             39,257      
  Home Depot Inc
        90,644             3,432,688      
  Horton (D.R.), Inc.
        1,975             43,806      
  Interface, Inc., Class A
        1,268             21,366      
  Johnson Controls, Inc
        818             83,706      
  Kohl’s Corporation (a)
        385,100             28,512,803      
  Limited Brands
        868             23,931      
  Lowe’s Companies, Inc.
        2,686             82,084      
  Mattel Inc.
        343,600             9,723,880      
  McDonald’s Corporation
        218,474             10,547,925      
  McGraw-Hill Companies
        1,512             99,081      
  Meredith Corporation
        623             36,084      
  NIKE, Inc., Class B
        2,388             128,618      
  Nordstrom, Inc
        340,803             18,716,901      
  Penney (J.C.) Company, Inc.
        111,417             8,811,971      
  Pulte Homes, Inc.
        1,594             42,879      
  Radio One, Inc. (a)
        2,279             16,135      
  Scholastic Corporation (a)
        722             22,288      
  Staples, Inc.
        1,858             46,078      
  Starbucks Corporation (a)
        2,378             73,766      
  Target Corporation
        1,736             103,066      
  The Walt Disney Company
        5,337             186,688      
  Time Warner, Inc.
        171,076             3,529,298      
  Washington Post Company, Class B
        95             70,680      
  Wendy’s International, Inc.
        1,823             68,727      
  Whirlpool Corporation
        222,063             23,545,339      
 
 
              172,929,255      
  Consumer Staples – 7.6%
 
  Avon Products, Inc.
        1,706           $ 67,899      
  Campbell Soup Company
        85,795             3,354,585      
  Church & Dwight Co., Inc.
        585             29,677      
  Coca Cola Company
        327,684             17,101,828      
  Colgate-Palmolive Company
        1,796             121,661      
  CVS/Caremark Corporation
        1,905             69,037      
  Estee Lauder Companies, Inc. Class A .
        545,649             28,057,271      
  General Mills Inc
        345,600             20,701,439      
  Green Mountain Coffee Inc. (a)
        322             19,681      
  Hershey Foods Corporation
        1,736             95,411      
  Smucker (J.M.) Company
        1,241             69,273      
  Kimberly-Clark Corporation
        1,456             103,624      
  Kroger Company
        697,377             20,579,594      
  PepsiCo, Inc.
        4,153             274,472      
  Procter & Gamble Company
        233,101             14,990,725      
  SunOpta Inc. (a)
        2,500             32,350      
  United Natural Foods, Inc. (a)
        732             22,831      
  Walgreen Company
        1,964             86,220      
  Wild Oats Markets, Inc. (a)
        1,259             22,700      
 
 
              105,800,278      
  Energy – 6.3%
 
  Anadarko Petroleum Corporation
        4,618             215,476      
  Apache Corporation
        51,762             3,752,745      
  Devon Energy Corporation
        3,970             289,294      
  ENSCO International, Inc
        131,300             7,402,694      
  EOG Resources, Inc.
        3,008             220,908      
  Metretek Technologies, Inc. (a)
        1,700             20,995      
  Noble Energy, Inc.
        47,100             3,966,291      
  Tidewater, Inc.
        316,600             20,012,286      
  Unit Corporation (a)
        494,200             28,243,530      
  XTO Energy Inc
        427,716             23,212,147      
 
 
              87,336,366      

1


Domini Social Equity Trust / Portfolio of Investments (Continued) 

April 30, 2007 (Unaudited) 

  Security
      Shares         Value    
  Financials – 25.7%
 
  Allstate Corporation
        173,400           $ 10,806,288      
  American Express Company
        3,876             235,157      
  Assurant, Inc.
        218,600             12,576,058      
  Bank Of America Corporation
        925,600             47,113,040      
  Chubb Corporation
        191,666             10,317,381      
  Citigroup Inc
        1,052,900             56,456,497      
  Fannie Mae
        336,116             19,803,955      
  FirstFed Financial Corp. (a)
        142,600             8,767,048      
  Freddie Mac
        2,222             143,941      
  Goldman Sachs Group, Inc.
        180,300             39,415,383      
  Hartford Financial Services Group
        104,738             10,599,486      
  Heartland Financial USA, Inc.
        498             12,754      
  JP Morgan Chase & Co.
        906,630             47,235,423      
  KeyCorp.
        89,592             3,196,643      
  Lehman Brothers Holdings Inc.
        2,000             150,560      
  Medallion Financial Corp.
        1,275             15,185      
  Nationwide Financial Services, Inc., Class A
        441,000             25,194,330      
  PMI Group, Inc. (The)
        136,200             6,601,614      
  Popular Inc.
        4,111             69,106      
  Prudential Financial, Inc.
        118,900             11,295,500      
  SunTrust Banks, Inc.
        241,826             20,414,951      
  Travelers Cos Inc. (The)
        482,652             26,111,473      
  U.S. Bancorp
        5,163             177,349      
  Wachovia Corporation
        4,083             226,770      
  Washington Mutual, Inc.
        4,331             181,815      
  Wells Fargo & Company
        6,826             244,985      
 
 
              357,362,692      
  Health Care – 11.9%
 
  Amgen, Inc (a)
        150,766             9,670,131      
  Baxter International, Inc.
        532,022             30,128,406      
  Becton Dickinson & Company
        2,202             173,275      
  Conceptus, Inc. (a)
        1,100             22,748      
  Express Scripts Inc. – Class A (a)
        62,600             5,981,430      
  Forest Laboratories, Inc. (a)
        396,386             21,091,699      
  Genentech, Inc. (a)
        1,600             127,984      
  Gilead Sciences, Inc. (a)
        77,605             6,341,881      
  Invacare Corporation
        1,260             23,486      
  Johnson & Johnson
        563,424             36,183,089      
  Health Care – 11.9% (Continued)
 
  Medtronic, Inc.
        3,455           $ 182,873      
  Merck & Co., Inc.
        823,602             42,366,087      
  Zimmer Holdings, Inc. (a)
        146,743             13,277,307      
 
 
              165,570,396      
  Industrials – 7.7%
 
  3M Company
        2,664             220,499      
  AMR Corporation (a)
        121,500             3,169,935      
  Baldor Electric Company
        1,190             46,874      
  Brady Corporation, Class A
        654             21,490      
  Cooper Industries LTD, Class A
        2,386             118,727      
  Cummins, Inc.
        399,832             36,848,517      
  Deluxe Corporation
        150,800             5,707,780      
  Emerson Electric Company
        4,408             207,132      
  Evergreen Solar, Inc. (a)
        1,700             16,610      
  FedEx Corporation
        628             66,216      
  Fuel Tech, Inc. (a)
        700             17,599      
  FuelCell Energy, Inc. (a)
        2,600             18,304      
  Granite Construction Inc.
        737             44,397      
  Herman Miller, Inc.
        896             30,831      
  Illinois Tool Works
        2,800             143,668      
  Jetblue Airways Corporation (a)
        2,293             22,724      
  Kadant Inc. (a)
        627             17,211      
  Monster Worldwide (a)
        835             35,112      
  Navistar International Corporation (a)
        263,000             14,604,390      
  PACCAR Inc
        128,700             10,808,226      
  Pitney Bowes, Inc.
        1,457             69,936      
  RR Donnelley & Sons Company
        2,118             85,144      
  Ryder System, Inc.
        391,284             20,597,190      
  Southwest Airlines
        3,478             49,909      
  Tennant Company
        1,296             41,498      
  Trex Company, Inc. (a)
        888             18,106      
  United Parcel Service, Inc., Class B
        1,873             131,915      
  YRC Worldwide Inc (a)
        344,779             13,718,756      
 
 
              106,878,696      
  Information Technology – 17.0%
 
  Alliance Data Systems Corporation (a)
        89,100             5,672,106      
  Apple Computer, Inc. (a)
        1,312             130,938      
  Applied Materials, Inc.
        740,100             14,224,722      
  Cisco Systems, Inc. (a)
        346,016             9,252,468      
  Convergys Corporation (a)
        218,300             5,514,258      

2


Domini Social Equity Trust / Portfolio of Investments (Continued) 

April 30, 2007 (Unaudited) 

  Security
      Shares         Value    
  Information Technology – 17.0% (Continued)
 
  Dell Inc (a)
        4,184           $ 105,479      
  eBay Inc (a)
        2,176             73,853      
  Google Inc., Class A (a)
        300             141,414      
  Hewlett-Packard Company
        958,647             40,397,385      
  Intel Corporation
        10,039             215,839      
  International Business Machines Corporation
        482,800             49,346,987      
  Itron, Inc (a)
        445             29,966      
  Jabil Circuit, Inc.
        1,500             34,950      
  Juniper Networks, Inc. (a)
        1,900             42,484      
  LAM Research Corporation (a)
        338,900             18,226,042      
  Lexmark International, Inc. (a)
        353,850             19,284,825      
  MEMC Electronic Materials, Inc. (a)
        93,000             5,103,840      
  Microsoft Corporation
        1,176,652             35,228,961      
  Motorola, Inc.
        5,000             86,650      
  Power Integrations, Inc. (a)
        600             15,510      
  Qualcomm, Inc.
        3,434             150,409      
  SunPower Corporation – Class A (a)
        400             24,272      
  Symantec Corporation (a)
        1,276,846             22,472,490      
  Texas Instruments, Inc.
        3,628             124,694      
  Western Digital Corporation (a)
        526,800             9,313,824      
  Xerox Corporation (a)
        3,698             68,413      
 
 
              235,282,779      
  Materials – 0.9%
 
  Airgas, Inc.
        1,159             51,633      
  Ecolab, Inc.
        1,757             75,533      
  International Paper Company
        3,000             113,160      
  MeadWestvaco Corp
        2,666             88,938      
  Nucor Corporation
        189,116             12,001,301      
  Rock-Tenn Company, Class A
        592             22,651      
  Rohm and Haas Company
        1,510             77,267      
  Schnitzer Steel Industries Inc., Class A
        1,269             65,874      
  Materials – 0.9% (Continued)
 
  Sonoco Products Company
        1,260           $ 53,726      
 
 
              12,550,083      
  Telecommunication Services – 6.1%
 
  Alltel Corporation
        74,900             4,695,481      
  AT&T Inc.
        552,004             21,373,595      
  CenturyTel, Inc.
        451,900             20,809,995      
  Sprint Nextel Corporation
        5,159             103,335      
  Telephone & Data System
        102,600             5,843,070      
  Verizon Communications
        847,238             32,347,547      
 
 
              85,173,023      
  Utilities – 4.0%
 
  Centerpoint Energy, Inc.
        257,600             4,850,608      
  Energen Corporation
        363,147             20,354,389      
  ONEOK, Inc.
        294,500             14,256,745      
  UGI Corporation
        563,800             15,989,368      
  WGL Holdings
        8,577             290,246      
 
 
              55,741,356      
  Total Common Stocks
 
  (Cost $1,189,330,774)
        1,384,624,924      
  Cash Equivalents – 0.2%
 
  Investors Bank & Trust, dated 4/30/07, 3.51% due 5/1/07, maturity amount $3,138,753 (collaterized by: U.S. Government Agency Mortgage Securities, Fannie Mae, 730840, 5.618%, 8/01/2033, market value $3,201,216)
        3,138,447             3,138,447      
  Total Cash Equivalents
             
  (Cost $3,138,447)
              3,138,447      
  Total Investments — 99.9%
 
  (Cost$1,192,469,221)(b)
        1,387,763,371      
  Other Assets, less
liabilities — 0.1%
        1,265,420      
  Net Assets — 100.0%
        $1,389,028,791      

     

 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $1,306,379,197. The aggregate gross unrealized appreciation is $93,698,078, and the aggregate gross unrealized depreciation is $12,313,904, resulting in net unrealized appreciation of $81,384,174. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

3


Domini European Social Equity Trust 

Portfolio of Investments 

April 30, 2007 (Unaudited) 

  Country/Security
    Industry       Shares         Value    
  Common Stocks – 97.8%
             
  Austria – 3.1%
             
  Immoeast AG (a)
    Real Estate         35,985           $ 508,955      
  Immofinanz AG (a)
    Real Estate         107,410             1,746,014      
  OMV AG (a)
    Energy         2,399             151,856      
  Voestalpine AG (a)
    Materials         26,200             1,760,057      
 
 
                    4,166,882      
  Belgium – 4.6%
             
  Belgacom SA
    Telecommunication Services         48,604             2,136,385      
  Fortis
    Diversified Financials         56,680             2,547,317      
  Omega Pharma SA (a)
    Health Care Equipment & Services         19,098             1,544,826      
 
 
                    6,228,528      
  Denmark – 1.2%
             
  Dampskibsselskabet Torm AS
    Energy         14,326             1,004,268      
  Danske Bank A/S
    Banks         7,856             366,868      
  H. Lundbeck A/S
    Pharma, Biotech & Life Sciences         5,300             127,563      
  Sydbank A/S
    Banks         2,200             123,272      
 
 
                    1,621,971      
  Finland – 2.8%
             
  Kesko OYJ-B Shares
    Food & Staples Retailing         27,708             1,922,471      
  Outokumpu OYJ
    Materials         13,480             447,946      
  Rautaruukki OYJ
    Materials         26,846             1,447,690      
 
 
                    3,818,107      
  France – 17.5%
             
  AGF-Assur Gen De France (a)
    Insurance         11,418             1,981,240      
  Air France-KLM (a)
    Transportation         17,310             882,877      
  BNP Paribas (a)
    Banks         23,573             2,734,920      
  Credit Agricole SA
    Banks         18,360             773,184      
  France Telecom SA
    Telecommunication Services         23,342             682,623      
  Lafarge SA (a)
    Materials         10,873             1,765,333      
  Michelin (CDGE)-B (a)
    Automobiles & Components         5,884             749,731      
  Sanofi-Aventis (a)
    Pharma, Biotech & Life Sciences         44,329             4,054,222      
  Societe Generale (a)
    Banks         13,880             2,941,722      
  Ste Des Ciments Francais-A (a)
    Materials         3,576             810,789      
  Valeo SA (a)
    Automobiles & Components         13,920             799,833      
  Vinci S.A.
    Capital Goods         11,533             1,855,258      
  Vivendi SA
    Media         85,013             3,506,988      
 
 
                    23,538,720      
  Germany – 12.6%
             
  Allianz SE-Reg
    Insurance         13,278             3,020,796      
  Altana AG
    Pharma, Biotech & Life Sciences         22,509             1,673,731      
  Celesio AG
    Health Care Equipment & Services         28,907             2,064,295      
  Deutsche Lufthansa – Reg
    Transportation         47,766             1,427,859      
  Deutsche Telekom AG – Reg
    Telecommunication Services         72,037             1,311,857      
  Epcos AG
    Technology Hardware & Equipment         63,738             1,362,879      
  Fresenius AG
    Health Care Equipment & Services         28,437             2,341,774      
  Muenchener Rueckver AG – Reg
    Insurance         17,158             3,048,075      
  Prosieben Sat.1 Media AG
    Media         17,237             626,031      
 
 
                    16,877,297      

4


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

April 30, 2007 (Unaudited) 

  Country/Security
    Industry       Shares         Value    
  Ireland – 2.1%
             
  Bank Of Ireland
    Banks         55,046           $ 1,181,506      
  Fyffes PLC
    Food & Staples Retailing         1,175,650             1,619,834      
 
 
                    2,801,340      
  Italy – 4.1%
             
  Banca Popolare Emilia Romagna (a)
    Banks         20,412             575,918      
  Fiat SPA (a)
    Automobiles & Components         101,015             2,967,825      
  Pirelli & Co.
    Capital Goods         1,585,002             1,977,308      
 
 
                    5,521,051      
  Netherlands – 7.1%
             
  Aegon NV
    Insurance         43,095             889,512      
  Arcelor Mittal
    Materials         7,925             423,631      
  Fugro NV-CVA
    Energy         16,079             871,681      
  Ing Groep NV-CVA
    Diversified Financials         68,544             3,122,332      
  Koninkijke KPN NV
    Telecommunication Services         87,899             1,492,485      
  OCE NV
    Technology Hardware & Equipment         65,016             1,224,182      
  SNS Reaal
    Insurance         44,082             1,105,297      
  TNT NV
    Transportation         8,796             395,591      
 
 
                    9,524,711      
  Norway – 4.2%
             
  Norsk Hydro ASA (a)
    Energy         26,828             925,081      
  Orkla ASA (a)
    Capital Goods         9,200             146,719      
  Petroleum Geo-Services (a)
    Energy         10,267             280,941      
  Statoil ASA (a)
    Energy         118,967             3,330,786      
  Tandberg ASA
    Technology Hardware & Equipment         25,104             530,700      
  Telenor ASA (a)
    Telecommunication Services         23,978             446,404      
 
 
                    5,660,631      
  Poland – 0.1%
                   
  PROKOM Software SA
    Software & Services         2,768             162,389      
 
 
                    162,389      
  Portugal – 0.2%
             
  Banco Espirito Santo - Reg
    Banks         10,373             208,098      
 
 
                    208,098      
  Spain – 2.1%
                   
  Acerinox SA
    Materials         43,200             1,020,003      
  Banco Bilbao Vizcaya Argenta
    Banks         48,250             1,153,766      
  Corporacion Financiera Alba
    Diversified Financials         4,480             344,256      
  Telefonica SA
    Telecommunication Services         10,472             235,234      
 
 
                    2,753,259      
  Sweden – 5.1%
             
  Axfood AB
    Food & Staples Retailing         14,820             598,761      
  Electrolux AB-Ser B
    Consumer Durables & Apparel         27,600             716,605      
  Eniro AB
    Media         27,200             362,143      
  Husqvarna AB-B Shares
    Consumer Durables & Apparel         30,000             547,927      
  Industrivarden AB-C Shares (a)
    Diversified Financials         34,800             748,098      
  Investor AB-B Shares
    Diversified Financials         20,200             539,599      
  Nordea Bank AB
    Banks         61,223             1,057,343      
  SSAB Svenskt Stal AB – Ser A
    Materials         7,050             248,431      

5


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

April 30, 2007 (Unaudited) 

  Country/Security
    Industry       Shares         Value    
  Sweden (continued)
             
  Svenska Cellulosa AB-B Shares
    Materials         2,100           $ 107,871      
  Swedbank AB-A Shares
    Banks         49,700             1,913,418      
 
 
                    6,840,196      
  Switzerland – 4.9%
             
  Geberit AG – Reg
    Capital Goods         931             1,654,821      
  Novartis AG – Reg Shares
    Pharma, Biotech & Life Sciences         26,924             1,565,530      
  Rieter Holding AG (a)
    Automobiles & Components         2,444             1,352,157      
  Roche Holding AG
    Pharma, Biotech & Life Sciences         4,250             801,002      
  Swiss Re – Reg
    Insurance         12,542             1,179,973      
 
 
                    6,553,483      
  Turkey – 0.4%
                   
  Turk Sise ve Cam Fabrikalari AS
    Consumer Durables & Apparel         64,938             246,119      
  Turkcell Iletisim Hizmetleri AS
    Telecommunication Services         61,876             339,681      
 
 
                    585,800      
  United Kingdom – 25.7%
             
  3i Group PLC
    Diversified Financials         86,656             1,990,763      
  Arriva PLC
    Transportation         47,675             716,733      
  Aviva PLC
    Insurance         63,993             1,004,061      
  Barclays PLC 
    Banks         177,780             2,566,777      
  Barratt Developments PLC 
    Consumer Durables & Apparel         56,469             1,215,771      
  Bellway PLC
    Consumer Durables & Apparel         11,578             348,671      
  BG Group PLC
    Energy         38,952             561,345      
  BT Group PLC
    Telecommunication Services         263,647             1,658,573      
  Firstgroup PLC
    Transportation         169,611             2,227,211      
  George Wimpey PLC
    Consumer Durables & Apparel         214,427             2,484,261      
  GlaxoSmithKline PLC
    Pharma, Biotech & Life Sciences         95,715             2,760,967      
  HBOS PLC
    Banks         59,370             1,274,166      
  HSBC Holdings PLC
    Banks         24,043             443,656      
  iSoft Group PLC
    Health Care Equipment & Services         218,496             181,379      
  Man Group PLC
    Diversified Financials         147,075             1,646,929      
  National Grid PLC
    Utilities         191,882             3,013,051      
  Next PLC 
    Retailing         48,876             2,279,948      
  Northern Rock PLC
    Banks         8,586             183,615      
  Royal Bank Of Scotland Group
    Banks         86,303             3,304,716      
  Severn Trent PLC 
    Utilities         54,040             1,598,496      
  Standard Life PLC
    Insurance         151,181             976,659      
  Taylor Woodrow PLC
    Consumer Durables & Apparel         15,247             146,917      
  Travis Perkins PLC
    Capital Goods         11,226             447,514      
  Whitbread PLC
    Consumer Services         7,826             293,897      
  William Morrison Supermarkets PLC
    Food & Staples Retailing         193,990             1,183,358      
 
 
                    34,509,434      
  Total Common Stocks
(Cost $108,134,029)
      $ 131,371,897      

6


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

April 30, 2007 (Unaudited) 

  Country/Security
            Shares         Value    
  Cash Equivalents – 1.6%
             
  Investors Bank & Trust, dated 4/30/07, 3.51%
due 5/1/07, maturity amount $2,161,115
(collaterized by: U.S. Government Agency
Mortgage Securities, Fannie Mae, 650957,
6.497%, 10/01/2031, market value $2,204,122)
        2,160,904           $ 2,160,904      
  Total Cash Equivalents
(Cost $2,160,904)
        2,160,904      
  Total Investments — 99.4%
(Cost $110,294,933) (b)
        133,532,801      
  Other Assets, less liabilities — 0.6%
        800,419      
  Net Assets — 100.0%
      $ 134,333,220      
 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $110,314,616. The aggregate gross unrealized appreciation is $23,816,585, and the aggregate gross unrealized depreciation is $598,400, resulting in net unrealized appreciation of $23,218,185. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

7


Domini PacAsia Social Equity Trust 

Portfolio of Investments 

April 30, 2007 (unaudited) 

  Country/Security
    Industry     Shares       Value    
  Common Stocks – 96.6%
                   
  Australia – 11.2%
                   
  Australia and New Zealand Banking Group Lt
    Banks     9,097       $ 230,346      
  CFS Retail Property Trust
    Real Estate     16,200         31,047      
  Commonwealth Bank Of Australia
    Banks     3,468         151,554      
  Commonwealth Property Office Fund
    Real Estate     32,176         38,470      
  DB RREEF Trust
    Real Estate     80,000         119,342      
  GPT Group
    Real Estate     8,767         35,985      
  Insurance Australia Group Lt
    Insurance     23,701         117,413      
  Investa Property Group
    Real Estate     19,609         43,388      
  Macquarie Infrastructure Grp
    Transportation     85,620         268,907      
  QBE Insurance Group Ltd
    Insurance     18,389         467,341      
  Telstra Corp Ltd
    Telecommunication Services     19,793         76,630      
  Westfield Group
    Real Estate     21,175         367,426      
  Westpac Banking Corporation
    Banks     1,599         35,777      
  Zinifex Ltd
    Materials     36,267         496,404      
 
 
                    2,480,030      
  China – 1.8%
                   
  Chaoda Modern Agriculture
    Food Beverage & Tobacco     242,903         200,671      
  China Mengniu Dairy Co
    Food Beverage & Tobacco     13,000         39,421      
  Guangzhou R&F Properties Company Ltd
    Real Estate     17,502         41,925      
  TPV Technology Ltd
    Technology Hardware & Equipment     164,223         110,232      
 
 
                    392,249      
  Hong Kong – 8.6%
                   
  Bank of East Asia Hong Kong
    Banks     5,000         30,693      
  Cathay Pacific Airways Ltd
    Transportation     31,002         80,179      
  Chinese Estates Holdings Ltd
    Real Estate     80,239         110,914      
  First Pacific Co
    Diversified Financials     58,389         37,629      
  Great Eagle Holdings Ltd
    Real Estate     30,620         112,132      
  Hang Lung Group Ltd
    Real Estate     26,665         102,176      
  Hang Lung Properties Ltd
    Real Estate     8,665         25,672      
  Henderson Land Development
    Real Estate     20,142         120,381      
  Hopewell Holdings Ltd
    Transportation     16,000         70,413      
  Jardine Matheson Hldgs Ltd
    Diversified Financials     5,993         140,236      
  Jardine Strategic Hldgs Ltd
    Diversified Financials     9,859         133,097      
  Kingboard Chemicals Holdings
    Technology Hardware & Equipment     36,728         171,153      
  Orient Overseas Intl Ltd
    Transportation     16,166         136,720      
  Sun Hung Kai Properties
    Real Estate     1,833         21,419      
  Swire Pacific Ltd ‘A’
    Real Estate     18,164         207,445      
  Techtronic Industries Co
    Consumer Durables & Apparel     18,014         23,912      
  Wharf Holdings Ltd
    Real Estate     66,675         245,463      
  Wheelock & Co Ltd
    Real Estate     52,418         120,926      
 
 
                    1,890,560      
  India – 1.0%
                   
  Bharti Airtel Limited (a)
    Telecommunication Services     3,330         65,213      
  Hindalco Industries – 144a GDR
    Materials     43,855         155,501      
 
 
                    220,714      

8


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

April 30, 2007 (unaudited) 

  Country/Security
    Industry     Shares       Value    
  Indonesia – 0.3%
                   
  Telekomunikasi TBK Pt
    Telecommunication Services     59,466       $ 68,025      
 
 
                    68,025      
  Japan – 54.0%
                   
  Alps Electric Co Ltd
    Technology Hardware & Equipment     25,351         261,885      
  Amada Co Ltd
    Capital Goods     25,220         281,569      
  Asahi Kasei Corporation
    Materials     14,640         103,507      
  Astellas Pharma Inc
    Pharma, Biotech & Life Sciences     1,684         73,654      
  Brother Industries Ltd
    Technology Hardware & Equipment     12,000         163,040      
  Central Japan Railway Co
    Transportation     18         198,165      
  Dai Nippon Printing Co Ltd
    Commercial Services & Supplies     25,399         404,791      
  Daiichi Sanyko Co Ltd
    Pharma, Biotech & Life Sciences     12,439         371,041      
  Daito Trust Construct Co Ltd
    Consumer Durables & Apparel     1,284         58,972      
  Denso Corporation
    Automobiles & Components     10,702         378,324      
  DENTSU Inc
    Media     54         153,743      
  East Japan Railway Co
    Transportation     18         145,937      
  Eisai Co Ltd
    Pharma, Biotech & Life Sciences     551         26,165      
  Familymart Co Ltd
    Food & Staples Retailing     7,700         194,994      
  Fuji Film Holdings Corp
    Consumer Durables & Apparel     13,857         570,707      
  Fujikura Ltd
    Capital Goods     23,578         151,315      
  Honda Motor Co Ltd
    Automobiles & Components     23,503         807,102      
  Joyo Bank Ltd
    Banks     23,491         143,996      
  Kamigumi Co Ltd
    Transportation     3,677         32,219      
  Kawasaki Kisen Kaisha Ltd
    Transportation     45,206         490,892      
  Konica Minolta Holdings Inc
    Technology Hardware & Equipment     16,236         222,118      
  Kyocera Corporation
    Technology Hardware & Equipment     2,127         206,687      
  Mediceo Paltac Holding Co
    Health Care Equipment & Services     20,040         365,367      
  Mitsui Chemicals Inc
    Materials     54,880         455,358      
  Mitsui Trust Holding Inc
    Banks     36,163         326,658      
  Nippon Paper Group Inc
    Materials     70         236,845      
  Nippon Telegraph & Telephone
    Telecommunication Services     85         421,957      
  Nippon Yusen Kabushiki Kaish
    Transportation     29,644         254,898      
  Nisshin Seifun Group Inc
    Food Beverage & Tobacco     13,542         146,157      
  Nisshinbo Industries Inc
    Consumer Durables & Apparel     3,365         43,617      
  Nomura Holdings Inc
    Diversified Financials     12,800         244,582      
  NTT Docomo Inc
    Telecommunication Services     70         119,124      
  Pioneer Corporation
    Consumer Durables & Apparel     3,320         42,330      
  Resona Holdings Inc
    Banks     185         417,436      
  Ricoh Company Limited
    Technology Hardware & Equipment     12,503         274,373      
  Santen Pharmaceutical Co Ltd
    Pharma, Biotech & Life Sciences     3,289         90,003      
  SBI Holdings Inc
    Diversified Financials     803         256,898      
  Seiko Epson Corp
    Technology Hardware & Equipment     9,010         272,851      
  Seino Holdings Co Ltd
    Transportation     15,800         147,974      
  Sekisui House Limited
    Consumer Durables & Apparel     33,188         489,723      
  Sharp Corp
    Consumer Durables & Apparel     2,800         51,375      
  Sony Corporation
    Consumer Durables & Apparel     7,878         418,860      
  Sumitomo Trust & Bkg
    Banks     18,874         184,290      
  TDK Corp
    Technology Hardware & Equipment     800         68,981      
  Tokyo Electron Limited
    Semiconductors & Semiconductor Equipment     400         27,736      
  Tokyo Steel Mfg Co Ltd
    Materials     20,176         292,744      
  Toppan Printing Company Ltd
    Commercial Services & Supplies     41,406         419,936      
  Toyo Seikan Kaisha Limited
    Materials     21,587         429,509      
 
 
                    11,940,405      

9


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

April 30, 2007 (unaudited) 

  Country/Security
    Industry     Shares       Value    
  Malaysia – 2.2%
                   
  AMMB Holdings BHD
    Diversified Financials     38,400       $ 44,677      
  Bumiputra-Commerce Hldgs BHD
    Banks     20,000         62,713      
  Golden Hope Plantations Bhd
    Food Beverage & Tobacco     37,500         86,972      
  Kuala Lumpur Kepong BHD
    Food Beverage & Tobacco     8,452         32,057      
  Public Bank BHD – Foreign Market
    Banks     13,400         39,062      
  RHB Capital Berhad
    Banks     23,018         31,599      
  Tenaga Nasional BHD
    Utilities     31,756         105,323      
  YTL Corporation Berhad
    Utilities     36,140         76,733      
 
 
                    479,136      
  New Zealand – 1.5%
                   
  Kiwi Income Property Trust
    Real Estate     63,318         76,122      
  Telecom Corp Of New Zealand
    Telecommunication Services     36,976         132,209      
  Vector Ltd
    Utilities     59,564         126,298      
 
 
                    334,629      
  Philippines – 0.2%
                   
  Globe Telecom Inc
    Telecommunication Services     1,827         46,970      
 
 
                    46,970      
  Singapore – 1.5%
                   
  DBS Group Holdings Ltd.
    Banks     6,106         84,692      
  Jardine Cycle & Carriage Ltd
    Retailing     6,884         59,704      
  Singapore Telecommunications
    Telecommunication Services     34,500         74,892      
  United Overseas Bank
    Banks     7,899         110,391      
 
 
                    329,679      
  South Korea – 7.9%
                   
  Daegu Bank
    Banks     2,100         34,521      
  GS Engineering & Construction
    Capital Goods     285         28,271      
  GS Holdings Corp
    Energy     5,069         229,810      
  Hynix Semiconductor Inc (a)
    Semiconductors & Semiconductor Equipment     1,860         63,414      
  Industrial Bank Of Korea
    Banks     8,995         180,084      
  Kookmin Bank
    Banks     1,284         114,955      
  Korea Investment Holdings Co
    Diversified Financials     1,209         71,272      
  Korea Zinc Co Ltd
    Materials     1,072         162,461      
  KT Corp
    Telecommunication Services     6,803         305,486      
  LG Corp
    Capital Goods     5,692         207,887      
  LG Electronics Inc
    Consumer Durables & Apparel     673         44,905      
  LG Telecom Ltd (a)
    Telecommunication Services     2,988         31,157      
  Pacific Corp
    Household & Personal Products     548         102,782      
  Pusan Bank
    Banks     4,620         67,731      
  Shinhan Financial Group Ltd
    Banks     1,933         108,867      
 
 
                    1,753,603      
  Taiwan – 5.4%
                   
  China Steel Corp
    Materials     168,273         190,347      
  Chunghwa Telecom Co Ltd
    Telecommunication Services     81,476         154,788      
  Compal Electronics
    Technology Hardware & Equipment     94,000         85,341      
  Far Eastern Textile
    Capital Goods     33,000         30,009      

10


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

April 30, 2007 (unaudited) 

  Country/Security
    Industry     Shares       Value    
  Taiwan (continued)
                   
  Powerchip Semiconductor Corp
    Semiconductors & Semiconductor Equipment     500,536       $ 302,497      
  Pro Mos Technologies Inc
    Semiconductors & Semiconductor Equipment     715,394         280,506      
  Quanta Computer Inc
    Technology Hardware & Equipment     25,616         36,714      
  Siliconware Precision Inds
    Semiconductors & Semiconductor Equipment     18,656         35,107      
  Taiwan Cooperative Bank
    Banks     78,569         53,904      
  Taiwan Mobile Co., Ltd.
    Telecommunication Services     28,000         29,011      
 
 
                    1,198,224      
  Thailand – 1.0%
                   
  Bangkok Bank Pub Co – For Reg
    Banks     52,318         168,404      
  Siam Cement Pub Co – For Reg
    Materials     6,400         43,547      
 
 
                    211,951      
  Total Common Stocks
                   
  (Cost $20,988,486)
        21,346,175      
  Cash Equivalents – 4.2%
                   
  Investors Bank & Trust, dated 4/30/07, 3.51% due 5/1/07, maturity amount $930,933 (collaterized by: U.S. Government Agency Mortgage Securities, Fannie Mae, 618128, 5.642%, 8/01/2033, market value $949,459)
    930,842         930,842      
  Total Cash Equivalents
                   
  (Cost $930,842)
        930,842      
  Total Investments — 100.8%
 
  (Cost$21,919,328)(b)
        22,277,017      
  Other Liabilities, less assets — (0.8%)
        (170,441 )    
  Net Assets — 100.0%
      $ 22,106,576      
 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income taxes is $21,927,341. The aggregate gross unrealized appreciation is $951,645 and the aggregate gross unrealized depreciation is $601,969, resulting in net unrealized appreciation of $349,676. 

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

GDR — Global Depository Receipt 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

11


Domini EuroPacific Social Equity Trust 

Portfolio of Investments 

April 30, 2007 (unaudited) 

  Country / Security
    Industry     Shares               Value    
  Common Stocks – 98.6%
                   
  Australia – 4.0%
 
  CFS Retail Property Trust
    Real Estate     3,510       $ 6,727      
  DB RREEF Trust
    Real Estate     40,898         61,011      
  Insurance Australia Group Lt
    Insurance     4,823         23,893      
  Investa Property Group
    Real Estate     1,837         4,065      
  Macquarie Infrastructure Grp
    Transportation     17,995         56,517      
  QBE Insurance Group Ltd
    Insurance     1,331         33,826      
  Westfield Group
    Real Estate     2,369         41,107      
  Zinifex Ltd
    Materials     8,461         115,809      
 
 
                    342,955      
  Austria – 1.6%
                   
  Immoeast AG (a)
    Real Estate     2,560         36,207      
  Immofinanz AG (a)
    Real Estate     6,064         98,574      
 
 
                    134,781      
  Belgium – 2.0%
                   
  Belgacom SA
    Telecommunication Services     2,486         109,272      
  Fortis (a)
    Diversified Financials     462         20,764      
  Omega Pharma SA (a)
    Health Care Equipment & Services     529         42,790      
 
 
                    172,826      
  China – 0.6%
                   
  Chaoda Modern Agriculture
    Food Beverage & Tobacco     37,826         31,249      
  TPV Technology Ltd
    Technology Hardware & Equipment     21,775         14,617      
 
 
                    45,866      
  Denmark – 0.7%
                   
  H. Lundbeck A/S
    Pharma, Biotech & Life Sciences     1,045         25,152      
  Sydbank A/S
    Banks     628         35,188      
 
 
                    60,340      
  Finland – 2.5%
                   
  Elisa OYJ-A Shares
    Telecommunication Services     409         11,903      
  Kesko OYJ-B Shares
    Food & Staples Retailing     230         15,958      
  Metso OYJ
    Capital Goods     264         14,440      
  Orion OYJ-Class B
    Pharma, Biotech & Life Sciences     1,532         36,397      
  Outokumpu OYJ
    Materials     968         32,167      
  Sampo Insurance Co-A Shares
    Insurance     3,186         99,265      
 
 
                    210,130      
  France – 9.9%
                   
  Air France-KLM (a)
    Transportation     991         50,582      
  BNP Paribas (a)
    Banks     895         103,837      
  France Telecom SA (a)
    Telecommunication Services     5,118         149,672      
  Lafarge SA (a)
    Materials     235         38,154      
  Michelin (CDGE)-Cl B (a)
    Automobiles & Components     308         39,245      
  Sanofi-Aventis (a)
    Pharma, Biotech & Life Sciences     1,583         144,914      
  Societe Generale (a)
    Banks     613         129,919      
  Unibail
    Real Estate     46         12,752      
  Valeo SA (a)
    Automobiles & Components     550         31,603      

12


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

April 30, 2007 (unaudited) 

  Country / Security
    Industry     Shares               Value    
  France (continued)
                   
  Vallourec
    Capital Goods     180       $ 49,026      
  Vivendi SA
    Media     2,282         94,138      
 
 
                    843,842      
  Germany – 8.5%
                   
  Allianz SE – Reg
    Insurance     768         174,722      
  Altana AG
    Pharma, Biotech & Life Sciences     1,838         136,671      
  Celesio AG
    Health Care Equipment & Services     1,182         84,409      
  Deutsche Lufthansa – Reg
    Transportation     1,663         49,712      
  Deutsche Telekom AG – Reg
    Telecommunication Services     934         17,009      
  Epcos AG
    Technology Hardware & Equipment     815         17,427      
  Fresenius AG (a)
    Health Care Equipment & Services     911         75,020      
  Merck KGAA
    Pharma, Biotech & Life Sciences     255         33,804      
  Muenchener Rueckver AG – Reg
    Insurance     725         128,794      
 
 
                    717,568      
  Hong Kong – 2.9%
                   
  Cathay Pacific Airways Ltd
    Transportation     3,944         10,200      
  Chinese Estates Hl
    Real Estate     8,269         11,430      
  Great Eagle Holdings Ltd
    Real Estate     2,809         10,287      
  Hang Lung Group Ltd
    Real Estate     4,627         17,730      
  Henderson Land Development
    Real Estate     1,723         10,298      
  Jardine Matheson Hldgs Ltd
    Diversified Financials     400         9,360      
  Jardine Strategic Hldgs Ltd
    Diversified Financials     2,000         27,000      
  Kingboard Chemicals Holdings
    Technology Hardware & Equipment     5,169         24,088      
  Orient Overseas Intl Ltd
    Transportation     5,207         44,036      
  Swire Pacific Ltd ‘A’
    Real Estate     2,334         26,656      
  Wharf Holdings Ltd
    Real Estate     8,970         33,023      
  Wheelock & Co Ltd
    Real Estate     10,604         24,463      
 
 
                    248,571      
  Hungary – 0.3%
                   
  MOL Hungarian Oil & Gax Nyrt
    Energy     137         16,693      
  OTP Bank Nyrt (a)
    Banks     195         9,912      
 
 
                    26,605      
  Ireland – 1.0%
                   
  Bank Of Ireland
    Banks     1,138         24,426      
  Fyffes PLC
    Food & Staples Retailing     40,753         56,150      
 
 
                    80,576      
  Italy – 4.2%
                   
  Fiat SPA (a)
    Automobiles & Components     4,754         139,673      
  IFIL-Investments SPA (a)
    Diversified Financials     8,449         92,549      
  UniCredito Italiano SPA
    Banks     12,264         126,006      
 
 
                    358,228      
  Japan – 21.3%
                   
  Alps Electric Co Ltd
    Technology Hardware & Equipment     3,718         38,408      
  Amada Co Ltd
    Capital Goods     3,386         37,803      
  Brother Industries Ltd
    Technology Hardware & Equipment     684         9,293      
  Central Japan Railway Co
    Transportation     3         33,027      
  Dai Nippon Printing Co Ltd
    Commercial Services & Supplies     6,828         108,820      
  Daiichi Sanyko Co Ltd
    Pharma, Biotech & Life Sciences     1,100         32,812      
  Denso Corporation
    Automobiles & Components     3,147         111,249      
  Familymart Co Ltd
    Food & Staples Retailing     1,200         30,389      

13


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

April 30, 2007 (unaudited) 

  Country / Security
    Industry     Shares               Value    
  Japan (continued)
                   
  Fuji Film Holdings Corp
    Consumer Durables & Apparel     2,481       $ 102,181      
  Fujikura Ltd
    Capital Goods     5,629         36,125      
  Honda Motor Co Ltd
    Automobiles & Components     3,928         134,889      
  Joyo Bank Ltd/The
    Banks     1,781         10,917      
  Kawasaki Kisen Kaisha Ltd
    Transportation     5,454         59,225      
  Konica Minolta Holdings Inc
    Technology Hardware & Equipment     3,087         42,232      
  Kyocera Corporation
    Technology Hardware & Equipment     108         10,495      
  Mediceo Paltac Holding Co
    Health Care Equipment & Services     3,885         70,831      
  Mitsui Chemicals Inc
    Materials     8,546         70,909      
  Mitsui Trust Holding Inc
    Banks     6,479         58,524      
  Nippon Paper Group Inc
    Materials     10         33,835      
  Nippon Telegraph & Telephone
    Telecommunication Services     23         114,177      
  Nisshin Seifun Group Inc
    Food Beverage & Tobacco     5,642         60,893      
  Resona Holdings Inc
    Banks     40         90,257      
  Ricoh Company Limited
    Technology Hardware & Equipment     2,388         52,404      
  Santen Pharmaceutical Co Ltd
    Pharma, Biotech & Life Sciences     443         12,123      
  SBI Holdings Inc
    Diversified Financials     57         18,236      
  Seiko Epson Corp
    Technology Hardware & Equipment     1,643         49,755      
  Seino Holdings Co Ltd
    Transportation     3,000         28,096      
  Sekisui House Limited
    Consumer Durables & Apparel     8,553         126,209      
  Sony Corporation
    Consumer Durables & Apparel     779         41,418      
  Tokyo Steel Mfg Co Ltd
    Materials     3,322         48,201      
  Toppan Printing Company Ltd
    Commercial Services & Supplies     8,154         82,697      
  Toyo Seikan Kaisha Limited
    Materials     2,926         58,218      
 
 
                    1,814,648      
  Netherlands – 6.6%
                   
  Arcelor Mittal
    Materials     2,333         124,597      
  Fugro NV-CVA (a)
    Energy     397         21,522      
  ING Groep NV-CVA
    Diversified Financials     1,491         67,918      
  Koninkijke KPN NV
    Telecommunication Services     1,567         26,607      
  Koninklijke DSM NV
    Materials     449         21,420      
  OCE NV
    Technology Hardware & Equipment     1,216         22,896      
  SNS Reaal (a)
    Insurance     4,961         124,390      
  TNT NV
    Transportation     2,603         117,067      
  Unilever NV-CVA
    Food Beverage & Tobacco     890         27,162      
  Wereldhave NV
    Real Estate     70         10,176      
 
 
                    563,755      
  New Zealand – 0.3%
                   
  Kiwi Income Property Trust
    Real Estate     10,230         12,299      
  Vector Ltd
    Utilities     7,341         15,565      
 
 
                    27,864      
  Norway – 2.2%
                   
  Fred Olsen Energy ASA (a)
    Energy     259         12,771      
  Orkla ASA (a)
    Capital Goods     2,160         34,447      
  Petroleum Geo – Services (a)
    Energy     1,170         32,015      
  Statoil ASA (a)
    Energy     2,915         81,613      
  Telenor ASA (a)
    Telecommunication Services     1,198         22,303      
 
 
                    183,149      
  Philippines – 0.1%
                   
  Globe Telecom Inc
    Telecommunication Services     402         10,335      
 
 
                    10,335      

14


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

April 30, 2007 (unaudited) 

  Country / Security
    Industry     Shares               Value    
  Singapore – 0.5%
                   
  DBS Group Holdings Ltd.
    Banks     519       $ 7,199      
  Jardine Cycle & Carriage Ltd
    Retailing     1,215         10,538      
  Singapore Telecommunications
    Telecommunication Services     6,900         14,978      
  United Overseas Bank
    Banks     720         10,062      
 
 
                    42,777      
  South Korea – 1.1%
                   
  GS Holdings Corp
    Energy     596         27,021      
  Industrial Bank Of Korea
    Banks     567         11,352      
  Korea Zinc Co Ltd
    Materials     95         14,397      
  KT Corp
    Telecommunication Services     273         12,259      
  LG Corp
    Capital Goods     494         18,042      
  Pacific Corp
    Household & Personal Products     56         10,503      
 
 
                    93,574      
  Spain – 0.8%
                   
  Acerinox SA
    Materials     1,374         32,441      
  Corporacion Financiera Alba
    Diversified Financials     135         10,374      
  Sacyr Vallehermoso SA
    Capital Goods     173         9,035      
  Telefonica SA
    Telecommunication Services     619         13,905      
 
 
                    65,755      
  Sweden – 4.9%
                   
  Boliden AB
    Materials     444         11,022      
  Electrolux AB-Ser B
    Consumer Durables & Apparel     1,483         38,505      
  Eniro AB
    Media     3,679         48,983      
  Husqvarna AB-B Shares
    Consumer Durables & Apparel     1,500         27,396      
  Industrivarden AB-C Shares (a)
    Diversified Financials     2,188         47,036      
  Investor AB-B Shares
    Diversified Financials     2,199         58,741      
  Scania AB-B Shares
    Capital Goods     1,000         95,426      
  Swedbank AB-A Shares
    Banks     2,400         92,398      
 
 
                    419,507      
  Switzerland – 3.5%
                   
  Baloise Holding-R
    Insurance     137         14,942      
  Roche Holding AG
    Pharma, Biotech & Life Sciences     372         70,111      
  Swiss Re-reg
    Insurance     2,038         191,738      
  The Swatch Group AG – Reg
    Consumer Durables & Apparel     362         21,066      
 
 
                    297,857      
  Taiwan – 0.2%
                   
  China Steel Corp (a)
    Materials     8,068         9,127      
  Pro Mos Technologies Inc (a)
    Semiconductors & Semiconductor Equipment     26,400         10,351      
 
 
                    19,478      
  Turkey – 0.4%
                   
  Turkcell Iletisim Hizmet-ADR
    Telecommunication Services     2,500         35,350      
 
 
                    35,350      
  United Kingdom – 18.5%
                   
  3i Group PLC
    Diversified Financials     5,578         128,144      
  Arriva PLC
    Transportation     700         10,524      
  Aviva PLC
    Insurance     4,200         65,899      
  Barratt Developments PLC
    Consumer Durables & Apparel     1,148         24,716      
  Bellway PLC
    Consumer Durables & Apparel     432         13,010      
  BT Group PLC
    Telecommunication Services     5,235         32,933      
  Collins Stewart PLC – W/I (a)
    Capital Markets     5,570         28,377      

15


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

April 30, 2007 (unaudited) 

  Country / Security
    Industry     Shares               Value    
  United Kingdom (continued)
                   
  Firstgroup PLC
    Transportation     1,446       $ 18,988      
  George Wimpey PLC
    Consumer Durables & Apparel     6,356         73,638      
  GlaxoSmithKline PLC
    Pharma, Biotech & Life Sciences     1,573         45,374      
  HBOS PLC
    Banks     4,676         100,354      
  iSoft Group PLC
    Health Care Equipment & Services     15,427         12,806      
  Kelda Group PLC
    Utilities     1,280         23,685      
  Legal & General Group PLC
    Insurance     3,284         10,073      
  Liberty International PLC (a)
    Real Estate     1,019         24,436      
  Man Group PLC
    Diversified Financials     6,849         76,694      
  National Express Group PLC
    Transportation     449         10,911      
  National Grid PLC
    Utilities     6,163         96,775      
  Next PLC
    Retailing     2,989         139,430      
  Resolution PLC
    Insurance     915         11,779      
  Royal Bank Of Scotland Group
    Banks     5,473         209,572      
  Severn Trent PLC
    Utilities     3,317         98,116      
  Smith & Nephew PLC
    Health Care Equipment & Services     3,941         49,178      
  Standard Life PLC
    Insurance     11,127         71,883      
  Taylor Woodrow PLC
    Consumer Durables & Apparel     2,853         27,491      
  The Berkeley Grp Holdings
    Consumer Durables & Apparel     568         19,556      
  Travis Perkins PLC
    Capital Goods     259         10,325      
  Trinity Mirror PLC
    Media     1,929         20,535      
  Whitbread PLC
    Consumer Services     321         12,055      
  William Morrison Supermarkets PLC
    Food & Staples Retailing     17,679         107,844      
 
 
                    1,575,101      
  Total Common Stocks
            (Cost $8,003,659)
        8,391,438      
  Cash Equivalents – 2.7%
                   
  Investors Bank & Trust, dated 4/30/07, 3.51% due 5/1/07, maturity amount $229,557 (collaterized by: U.S. Government Agency Mortgage Securities, Fannie Mae, 786582, 4.648%, 07/01/2034, market value $234,126)
    229,535         229,535      
  Total Cash Equivalents
            (Cost $229,535)
        229,535      
  Total Investments — 101.3%
            (Cost $8,233,194) (b)
        8,620,973      
  Other Liabilities, less assets — (1.3%)
        (114,528 )    
  Net Assets — 100.0%
      $ 8,506,445      
 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $8,233,481. The aggregate gross unrealized appreciation is $505,200 and the aggregate gross unrealized depreciation is $117,708, resulting in net unrealized appreciation of $387,492. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

16


Domini Social Equity Trust
Domini European Social Equity Trust
Domini PacAsia Social Equity Trust
Domini EuroPacific Social Equity Trust 

Notes to Portfolio of Investments 

APRIL 30, 2007 (UNAUDITED) 

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES 

The Domini Social Trust (formerly Domini Social Index Portfolio) was organized as a trust under the laws of the State of New York on June 7, 1989 and is registered under the Investment Company Act of 1940 as a diversified, open-end management investment company. The Domini Social Trust consists of four separate series: Domini Social Equity Trust, Domini European Social Equity Trust, Domini PacAsia Social Equity Trust and Domini EuroPacific Social Equity Trust (each a ‘‘Trust’’ and collectively the ‘‘Trusts’’). The Declaration of Trust permits the Trustees to issue an unlimited number of beneficial interests in the Trusts. Each Trust seeks to provide its shareholders with long-term total return. 

The Domini Social Equity Trust was designated as a series of the Domini Social Trust on June 7, 1989, and began investment operations on June 3, 1991. The Trust invests primarily in stocks of U.S. companies that meet Domini’s social and environmental standards. 

The Domini European Social Equity Trust was designated as a series of the Domini Social Trust on August 1, 2005, and commenced investment operations on October 3, 2005. The Trust invests primarily in stocks of European companies that meet Domini’s social and environmental standards. 

The Domini PacAsia Social Equity Trust was designated as a series of the Domini Social Trust on August 1, 2006, and commenced investment operations on December 27, 2006. The Trust invests primarily in stocks of Asia-Pacific companies that meet Domini’s social and environmental standards. 

The Domini EuroPacific Social Equity Trust was designated as a series of the Domini Social Trust on August 1, 2006, and commenced investment operations on December 27, 2006. The Trust invests primarily in stocks of European and Asia-Pacific companies that meet Domini’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  

17


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 Trusts’ significant accounting policies. 

(A) Valuation of Investments. Securities listed or traded on national 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 procedures established by and under the supervision of the Trusts’ 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 Trusts’ 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 (including the use of an independent pricing service) 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 Trusts do 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  

18  Notes to Portfolio of Investments


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 Trusts purchase or sell foreign securities they 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 Trusts will be treated as partnerships for U.S. federal income tax purposes and are therefore not subject to U.S. federal income tax. As such, investors in the Trusts will be taxed on their share of the applicable Trust’s ordinary income and capital gains. It is intended that the Trusts 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. 

Notes to Portfolio of Investments  19


Domini Social Bond Fund 

Portfolio of Investments 

April 30, 2007 (Unaudited) 

 
 
      Principal
Amount
        Value    
  U.S. Government Agency Obligations — 31.0%
             
  Fannie Mae:
             
  3.850%, 4/14/2009
      $ 500,000           $ 491,113      
  4.250%, 5/15/2009
        4,100,000             4,057,925      
  4.500%, 2/15/2011
        750,000             743,399      
  4.625%, 10/15/2013
        2,340,000             2,310,624      
  5.000%, 5/11/2017
        2,115,000             2,115,802      
  5.500%, 3/15/2011
        300,000             307,190      
  5.000%, 10/15/2011
        2,600,000             2,619,580      
  Federal Agriculture Mortgage Corporation:
             
  6.680%, 6/10/2014
        1,000,000             1,107,061      
  Federal Farm Credit Bank:
             
  6.300%, 6/6/2011
        250,000             264,393      
  Federal Home Loan Bank:
             
  6.625%, 11/15/2010
        465,000             492,624      
  7.375%, 2/12/2010
        500,000             533,125      
  Freddie Mac:
             
  5.500%, 9/15/2011
        5,065,000             5,201,268      
  U.S. Small Business Administration:
             
  2003-10C 1, 3.530%, 5/1/2013
        312,198             302,054      
  2003-20D 1, 4.760%, 4/1/2023
        441,521             435,291      
  2003-20E 1, 4.640%, 5/1/2023
        457,989             448,878      
  2003-20F 1, 4.070%, 6/1/2023
        404,999             382,639      
  2003-20G 1, 4.350%, 7/1/2023
        223,657             214,944      
  Total U.S. Government Agency Obligations
(Cost $21,909,019)
              22,027,910      
  U.S. Government Agency Mortgage Securities — 42.3%
             
  Fannie Mae:
             
  13743, 6.320%, VR, 11/1/2019
        11,302             11,496      
  250168, 8.000%, 12/1/2009
        23,070             23,536      
  252120, 7.500%, 8/1/2025
        41,862             43,862      
  402999, 7.375%, VR, 10/1/2027
        4,653             4,709      
  526882, 6.853%, VR, 2/1/2029
        8,922             8,972      
  696355, 5.500%, 3/1/2033
        1,414,305             1,402,773      
  789089, 5.500%, 8/1/2019
        561,007             562,702      
  892917, 6.500%, 8/1/2036
        2,053,173             2,097,115      
  895098, 7.000%, 8/1/2036
        2,042,744             2,110,472      
  Fannie Mae CMO:
             
  1990-99 K, 6.500%, 8/25/2020
        15,955             16,476      
  1993-106 Z, 7.000%, 6/25/2013
        6,300             6,510      
  2003-66 MB, 3.500%, 5/25/2023
        570,829             535,109      
  2003-73 GA, 3.500%, 5/25/2031
        661,375             622,107      
  2005-M1 A, 4.479%, 10/26/2031
        415,545             408,847      
  Freddie Mac:
             
  845025, 5.817%, VR, 12/1/2018
        18,346             18,903      
  A18404, 5.500%, 2/1/2034
        549,533             544,726      
  A30028, 6.000%, 11/1/2034
        299,795             303,143      
  A51729, 6.500%, 8/1/2036
        1,762,234             1,800,493      
  B11108, 5.500%, 11/1/2018
        1,020,164             1,024,020      
  B11109, 4.500%, 11/1/2018
        1,084,070             1,053,070      
  C77635, 5.500%, 2/1/2033
        1,199,319             1,189,494      

20


Domini Social Bond Fund / Portfolio of Investments (Continued) 

April 30, 2007 (Unaudited) 

 
 
      Principal
Amount
        Value    
  U.S. Government Agency Mortgage Securities (Continued)
             
  Freddie Mac CMO:
             
  1208 D, 4.230%, VR, 2/15/2022
      $ 22,226           $ 22,229      
  2302 J, 6.500%, 4/15/2031
        86,518             88,985      
  2628 LE, 3.250%, 6/15/2033
        485,120             459,230      
  Ginnie Mae CMO:
             
  2001-34, 6.371%, VR, 10/16/2020
        399,574             402,882      
  2001-44, 6.114%, 11/16/2021
        105,130             105,764      
  2002-26 C, 5.999%, VR, 2/16/2024
        694,454             703,515      
  2002-37 C, 5.878%, 6/16/2024
        859,298             872,569      
  2002-9, 5.881%, 3/16/2024
        196,822             196,925      
  2003-36 C, 4.254%, 2/16/2031
        1,000,000             972,534      
  2003-78 C, 5.463%, VR, 2/16/2031
        1,000,000             1,010,915      
  2004-6 C, 4.660%, 7/16/2033
        1,000,000             977,951      
  2004-77 AB, 4.368%, 11/16/2030
        863,895             842,465      
  2005-42 B, 4.571%, 9/15/2027
        1,000,000             979,637      
  2005-67 B, 4.751%, 10/16/2026
        1,000,000             986,844      
  2005-87, 4.449%, 3/16/2025
        916,946             903,522      
  2005-89, 4.811%, 5/16/2027
        965,590             957,012      
  2005-90, 3.760%, 9/16/2028
        956,734             929,467      
  2006-05 A, 4.241%, 7/16/2029
        970,013             951,210      
  2006-9 B, 5.269%, 3/16/2037
        1,000,000             994,646      
  2006-3 A, 4.212%, VR, 1/16/2028
        968,599             949,596      
  2005-79 A, 3.998%, VR, 10/16/2033
        954,024             933,164      
  Government National Mortgage Association:
             
  2038, 8.500%, 7/20/2025
        11,293             12,200      
  2380, 8.500%, 2/20/2027
        18,195             19,585      
  3233, 5.500%, 5/20/2017
        545,896             547,489      
  615760, 5.500%, 8/15/2028
        459,345             458,346      
  Total U.S. Government Agency Mortgage Securities
(Cost $30,341,034)
              30,067,217      
  Corporate Obligations — 12.8%
             
  Anadarko Petroleum Corporation, 5.950%, 9/15/2016
        600,000             605,737      
  CenterPoint Energy, Inc., 7.875%, 4/1/2013
        700,000             782,694      
  Cisco Systems Inc., 5.500%, 2/22/2016
        600,000             604,316      
  CIT Group Inc., 5.600%, 4/27/2011 .
        700,000             706,349      
  Citigroup Inc., 5.300%, 1/7/2016
        700,000             698,241      
  Comcast Corporation, 4.950%, 6/15/2016
        600,000             573,031      
  Goldman Sachs Group Inc., 5.350%, 1/15/2016
        600,000             593,241      
  John Deere Capital Corporation, 3.625%, 5/25/2007
        600,000             599,341      
  Lehman Brothers Holdings Inc., 5.250%, 2/6/2012
        700,000             700,816      
  SBC Communications, 5.100%, 9/15/2014
        600,000             590,032      
  Southwest Airlines Co., 5.125%, 3/1/2017
        600,000             559,070      
  Time Warner Companies Inc., 5.500%, 11/15/2011
        700,000             706,374      
  Verizon Communications, 5.550%, 2/15/2016
        700,000             703,074      
  Wachovia Corporation, 5.300%, 10/15/2011
        700,000             706,055      
  Total Corporate Obligations
(Cost $9,094,180)
              9,128,371      

21


Domini Social Bond Fund / Portfolio of Investments (Continued) 

April 30, 2007 (Unaudited) 

 
 
      Principal
Amount
        Value    
  Corporate Mortgage Securities — 3.0%
             
  CRFCM 2004-1A A 144A, 5.500%, 4/25/2035
      $ 1,755,638           $ 1,744,735      
  WFMBS 2003-8 A7, 4.500%, 8/25/2018 
        389,487             359,459      
  Total Corporate Mortgage Securities
(Cost $2,135,875)
              2,104,194      
  State & Municipal Obligations — 5.5%
             
  City of Cleveland, OH, 4.350%, 12/1/2011 (Insured: AMBAC)
        500,000             485,240      
  City of Zion, IL, 6.250%, 12/1/2012 (Insured: FGIC)
        250,000             262,188      
  Hudson County, NJ, Improvement Authority, 7.240%, 9/1/2008
(Insured: AMBAC) 
        195,000             200,448      
  Hudson County, NJ, Improvement Authority, 7.290%, 9/1/2009
(Insured: AMBAC)
        175,000             183,764      
  Kentucky State Property and Buildings Commission, 3.960%, 10/1/2009
(Insured: MBIA)
        300,000             293,451      
  Los Angeles, CA, Community Redevelopment Agency, 6.600%, 9/1/2020
(Insured: FSA)
        515,000             552,296      
  New Jersey Economic Development Authority, 3.700%, 4/1/2008
(Insured: AMBAC) 
        200,000             197,654      
  North Carolina State University at Raleigh, 6.160%, 10/1/2009
        400,000             409,212      
  Pennsylvania Economic Development Financing Authority, 5.650%,
6/1/2015 (Insured: FGIC) 
        380,000             387,072      
  State of Mississippi, 3.510%, 11/1/2009
        500,000             484,095      
  Texas Public Finance Authority, 3.125%, 6/15/2007
        250,000             249,373      
  Yazoo County, MS, 4.200%, 9/1/2008 (Insured: AMBAC) 
        225,000             222,617      
  Total State & Municipal Obligations
(Cost $4,013,732)
              3,927,410      
  Certificates of Deposit — 4.2%
             
  Albina Community Bank, 4.410%, 7/29/2007
        100,000             100,000      
  Appalachian Federal Credit Union, 5.000%, 4/17/2008
        100,000             100,000      
  Carver Federal Savings Bank, 4.930%, 11/12/2007
        100,000             100,000      
  Central Bank of Kansas City, 4.760%, 5/29/2007
        100,000             100,000      
  Citizens Savings Bank & Trust, 5.100%, 6/30/2007
        100,000             100,000      
  City First Bank of D.C., 4.940%, 2/5/2008
        100,000             100,000      
  City National Bank of Newark, NJ, 4.880%, 11/14/2007 
        100,000             100,000      
  Community Commerce Bank, 5.300%, 6/1/2007
        100,000             100,000      
  Communitywide Federal Credit Union, 5.300%, 12/31/2007
        100,000             100,000      
  Dakotaland Federal Credit Union, 5.000%, 4/22/2008 
        100,000             100,000      
  Delta Southern Bank, 5.000%, 6/21/2007
        100,000             100,000      
  Elk Horn Bank and Trust, 5.300%, 6/20/2007
        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
        100,000             100,000      
  Harbor Bank of Maryland, 4.000%, 7/25/2007
        100,000             100,000      
  Latino Community Credit Union, 4.000%, 5/31/2007
        100,000             100,000      
  Legacy Bank, 4.150%, 7/26/2007
        100,000             100,000      
  Liberty Bank and Trust Co., 3.250%, 12/5/2007
        100,000             100,000      
  Louisville Community Development Bank, 4.000%, 6/25/2007
        100,000             100,000      
  Lower East Side People’s Federal Credit Union, 2.250%, 12/6/2007
        100,000             100,000      
  Mission Community Bank, 4.590%, 12/3/2007
        100,000             100,000      
  Neighborhood National Bank, 4.300%, 6/1/2007
        100,000             100,000      
  Northside Community Federal Credit Union, 4.000%, 6/27/2007
        100,000             100,000      
  One United Bank, 4.500%, 5/27/2007
        100,000             100,000      

22


Domini Social Bond Fund / Portfolio of Investments (Continued) 

April 30, 2007 (Unaudited) 

 
 
      Principal
Amount
        Value    
  Certificates of Deposit (Continued)
             
  Opportunities Credit Union, 3.000%, 7/21/2007
      $ 100,000           $ 100,000      
  Santa Cruz Community Credit Union, 4.650%, 3/1/2008
        100,000             100,000      
  Self-Help Credit Union, 5.000%, 12/13/2007
        100,000             100,000      
  Shore Bank Pacific, 4.470%, 11/6/2007
        100,000             100,000      
  University National Bank, 5.250%, 7/26/2007
        100,000             100,000      
  Wainright Bank & Trust Company, 4.120%, 5/10/2007
        100,000             100,000      
  Total Certificates of Deposit
(Cost $3,000,000)
              3,000,000      
  Cash Equivalents — 3.1%
             
  Investment in Repurchase Agreements:
             
  Investors Bank & Trust, dated 4/30/07, 3.51% due 5/1/07, maturity amount $1,853,450 (collaterized by: U.S. Government Agency Obligations, Fannie Mae, 683630, 4.465%, 2/01/2033, market value $1,890,335)
        1,853,269             1,853,269      
  Money Market Demand Accounts:
             
  Self-Help Credit Union, 4.680%, 5/1/2007 (a)
        226,687             226,687      
  University National Bank, 2.510%, 5/1/2007 (a)
        108,259             108,259      
  Total Cash Equivalents
(Cost $2,188,215)
              2,188,215      
  Total Investments — 101.9%
(Cost $72,682,055) (b)
              72,443,317      
  Other Liabilities, less assets — (1.9)%
              (1,328,747 )    
  Net Assets — 100.0%
            $ 71,114,570      
 

(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 $72,682,055. The aggregate gross unrealized appreciation is $297,601, and the aggregate gross unrealized depreciation is $536,339, resulting in net unrealized depreciation of $238,738. 

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 April 30, 2007. 

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

23


DOMINI SOCIAL BOND FUND 

NOTES TO PORTFOLIO OF INVESTMENTS
April 30, 2007 (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  

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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  25


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 25, 2007

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 25, 2007


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

Date: June 25, 2007