N-Q 1 file1.htm QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

 
 

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 Domini Thornton

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, 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 October 31, 2007, the Domini Social Equity Fund owned approximately 86.4% 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, 2007, the Domini European Social Equity Fund owned approximately 95.7% 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 October 31, 2007, the Domini PacAsia Social Equity Fund owned approximately 96.1% 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 October 31, 2007, the Domini EuroPacific Social Equity Fund owned approximately 94.7% of the EuroPacific Trust’s outstanding interests. Effective November 30, 2007, the EuroPacific Trust changed its name to Domini European PacAsia Social Equity Trust and the Domini EuroPacific Social Equity Fund changed its name to Domini European PacAsia Social Equity Fund. 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
October 31, 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 

October 31, 2007 (unaudited) 

  SECURITY
      SHARES         VALUE    
  Common Stocks – 99.3%
 
  Consumer Discretionary – 10.9%
                   
  Amazon.com Inc (a)
        82,000           $ 7,310,300      
  Autozone Inc (a)
        54,047             6,723,987      
  Best Buy Co., Inc
        858             41,630      
  Big Lots Inc (a)
        338,000             8,105,240      
  Bright Horizons Family Solutions, Inc. (a)
        443             17,188      
  CBS Corporation, Class B
        584,300             16,769,410      
  Coach Inc (a)
        69,700             2,548,232      
  Comcast Corporation, Class A
        6,750             142,088      
  Cooper Tire & Rubber
        172,000             3,832,160      
  Dr Horton Inc
        1,975             25,063      
  Family Dollar Stores
        986             24,995      
  Gap Inc
        2,187             41,334      
  Home Depot Inc
        3,344             105,369      
  Interface Inc, Class A
        1,268             24,257      
  J.C. Penney Company Inc
        658             37,006      
  Johnson Controls Inc
        2,454             107,289      
  Limited Brands
        868             19,105      
  Lowe’s Companies Inc
        2,686             72,227      
  Mattel Inc
        556,800             11,631,552      
  McDonald’s Corporation
        413,974             24,714,248      
  Mcgraw-Hill Companies Inc
        1,512             75,660      
  Meredith Corporation
        623             38,782      
  Nike Inc, Class B
        363,988             24,117,845      
  Nordstrom Inc
        595             23,467      
  Pulte Homes Inc
        1,594             23,655      
  Radio One Inc (a)
        2,279             7,954      
  Scholastic Corporation (a)
        722             28,577      
  Staples Inc
        1,858             43,366      
  Starbucks Corporation (a)
        2,378             63,445      
  Target Corporation
        1,736             106,521      
  The Walt Disney Co.
        285,937             9,901,998      
  Time Warner Inc
        171,076             3,123,848      
  Washington Post Company, Class B
        95             80,655      
  Weight Watchers Intl Inc
        60,900             3,120,516      
  Whirlpool Corporation
        222,063             17,582,948      
 
 
              140,631,917      
  Consumer Staples – 10.5%
 
  Avon Products Inc
        1,706             69,912      
  Church & Dwight Co Inc
        70,785             3,348,838      
  Coca Cola Company
        300,384             18,551,716      
  Coca-Cola Enterprises
        752,400             19,419,444      
  Consumer Staples (Continued)
 
  Colgate-Palmolive Company
        1,796           $ 136,981      
  CVS Caremark Corporation
        1,905             79,572      
  General Mills Inc
        137,400             7,932,102      
  Green Mountain Coffee Roasters (a)
        966             36,032      
  Hershey Company (The)
        1,736             74,839      
  Jm Smucker Co – new Common
        181,941             9,721,108      
  Kimberly-Clark Corp
        196,156             13,905,499      
  Kroger Co
        697,377             20,495,910      
  Pepsiamericas Inc
        608,600             21,739,192      
  Pepsico Inc
        4,153             306,159      
  Procter & Gamble Co
        87,301             6,069,166      
  Sunopta Inc (a)
        2,500             37,450      
  Supervalu Inc
        326,300             12,644,125      
  United Natural Foods Inc (a)
        732             21,184      
  Walgreen Company
        1,964             77,873      
 
 
              134,667,102      
  Energy – 6.7%
 
  Anadarko Petroleum Corporation
        4,618             272,554      
  Apache Corporation
        66,462             6,899,420      
  Chesapeake Energy Corporation
        109,500             4,323,060      
  Devon Energy Corporation
        42,270             3,948,018      
  ENSCO International, Inc
        131,300             7,285,837      
  EOG Resources Inc
        3,008             266,509      
  National Oilwell Varco Inc (a)
        67,600             4,951,024      
  Noble Corporation
        94,200             4,987,890      
  Noble Energy Inc
        90,200             6,903,908      
  PowerSecure International Inc (a)
        1,700             21,726      
  Tidewater Inc
        316,600             17,308,522      
  Unit Corp (a)
        424,800             20,292,696      
  XTO Energy Inc
        134,216             8,909,258      
 
 
              86,370,422      
  Financials – 23.4%
 
  Allstate Corporation
        87,700             4,595,480      
  American Express Company
        3,876             236,242      
  Bank Of America Corporation
        741,100             35,780,308      
  Chubb Corporation
        191,666             10,225,381      
  Cit Group Inc
        134,400             4,736,256      
  Citigroup Inc
        641,500             26,878,850      

1



Domini Social Equity Trust / Portfolio of Investments (Continued) 

October 31, 2007 (unaudited) 

  SECURITY
      SHARES         VALUE    
  Financials (Continued)
 
  Fannie Mae
        48,916           $ 2,790,169      
  FirstFed Financial Corp (a)
        142,600             6,100,428      
  Freddie Mac
        2,222             116,055      
  Goldman Sachs Group Inc
        168,400             41,749,728      
  Hartford Financial Services Group
        226,038             21,932,467      
  Heartland Financial USA Inc
        498             9,930      
  Jp Morgan Chase & Co.
        1,001,530             47,071,910      
  Lehman Brothers Holdings Inc
        2,000             126,680      
  Medallion Financial Corporation
        1,275             13,451      
  Nationwide Financial Services Inc., Class A
        204,000             10,944,600      
  Popular Inc
        4,111             43,371      
  Prudential Financial Inc
        204,100             19,740,552      
  Suntrust Banks Inc
        156,426             11,356,528      
  Travelers Companies Inc.
        482,652             25,199,261      
  US Bancorp
        5,163             171,205      
  Wachovia Corporation
        120,883             5,527,980      
  Washington Mutual Inc
        4,331             120,748      
  Wells Fargo & Company
        746,326             25,382,547      
 
 
              300,850,127      
  Health Care – 10.6%
 
  Amgen Inc (a)
        150,766             8,761,012      
  Baxter International Inc
        180,822             10,851,128      
  Becton Dickinson & Company
        2,202             183,779      
  Conceptus Inc (a)
        1,100             24,123      
  Express Scripts Inc. (a)
        203,800             12,859,780      
  Forest Laboratories Inc (a)
        233,000             9,103,310      
  Genentech Inc (a)
        1,600             118,608      
  Gilead Sciences Inc (a)
        155,210             7,169,150      
  Invacare Corporation
        1,260             34,096      
  Invitrogen Corporation (a)
        39,500             3,589,365      
  Johnson & Johnson
        563,424             36,718,342      
  Kinetic Concepts Inc (a)
        144,500             8,684,450      
  Medtronic Inc
        3,455             163,905      
  Merck & Co. Inc.
        320,902             18,695,751      
  Watson Pharmaceuticals Inc (a)
        384,300             11,744,208      
  Zimmer Holdings Inc (a)
        105,043             7,299,438      
 
 
              136,000,445      
  Industrials – 6.4%
 
  3M Company
        2,664           $ 230,063      
  Baldor Electric Company
        1,190             47,981      
  Brady Corporation, Class A
        654             24,133      
  Cooper Industries Ltd, Class A
        2,386             125,003      
  Cummins Inc
        182,232             21,860,551      
  Deere & Company
        70,100             10,858,490      
  Deluxe Corporation
        265,200             10,698,168      
  Dun & Bradstreet Corporation
        38,900             3,767,465      
  Emerson Electric Company
        4,408             230,406      
  Evergreen Solar Inc. (a)
        1,700             19,652      
  Fuelcell Energy Inc
        2,600             26,156      
  Granite Construction Inc.
        737             31,558      
  Illinois Tool Works Inc.
        2,800             160,328      
  Jetblue Airways Corporation (a)
        2,293             20,935      
  Kadant Inc (a)
        627             20,359      
  Miller Herman
        896             24,389      
  PACCAR Inc
        79,200             4,400,352      
  Pitney Bowes Inc
        1,457             58,338      
  RR Donnelley & Sons Co
        2,118             85,334      
  Ryder System Inc
        198,084             9,478,319      
  Southwest Airlines Co
        3,478             49,422      
  Teleflex Inc
        107,600             7,877,396      
  Tennant Company
        1,296             61,119      
  Trex Company Inc (a)
        888             9,626      
  United Parcel Service, Class B
        1,873             140,662      
  YRC Worldwide Inc (a)
        506,579             12,451,712      
 
 
              82,757,917      
  Information Technology – 18.9%
 
  ADC Telecommunications Inc (a)
        163,500             3,057,450      
  Apple Inc (a)
        1,312             249,214      
  Applied Materials Inc
        301,000             5,845,420      
  Arrow Electronics, Inc (a)
        146,900             5,873,062      
  Cisco Systems Inc (a)
        105,816             3,498,277      
  Convergys Corporation (a)
        218,300             4,001,439      
  Dell Inc (a)
        301,684             9,231,530      
  eBay Inc (a)
        2,176             78,554      
  Electronic Data Systems Corporation
        980,900             21,177,631      
  Google Inc, Class A (a)
        300             212,100      
  Hewlett-Packard Company
        833,547             43,077,709      

2



Domini Social Equity Trust / Portfolio of Investments (Continued) 

October 31, 2007 (unaudited) 

  SECURITY
      SHARES         VALUE    
  Information Technology (Continued)
 
  Intel Corp
        10,039           $ 270,049      
  International Business Machines Corp
        411,200             47,748,544      
  Itron Inc (a)
        445             47,833      
  Jabil Circuit Inc
        1,500             32,595      
  Juniper Networks Inc (a)
        1,900             68,400      
  Lam Research Corp (a)
        338,900             17,012,780      
  MEMC Electronic Materials Inc. (a)
        129,700             9,496,634      
  Microsoft Corporation
        1,076,952             39,642,603      
  Motorola Inc
        5,000             93,950      
  NVIDIA Corp (a)
        130,350             4,611,783      
  Power Integrations Inc (a)
        600             19,518      
  QUALCOMM Inc
        3,434             146,735      
  Sunpower Corp – class A (a)
        400             50,584      
  Symantec Corp (a)
        425,846             7,997,388      
  Texas Instruments Inc
        3,628             118,273      
  Western Digital Corp (a)
        526,800             13,654,656      
  Xerox Corporation (a)
        375,198             6,543,453      
 
 
              243,858,164      
  Materials – 1.5%
 
  Airgas Inc
        1,159             58,495      
  Ecolab Inc
        1,757             82,878      
  International Paper Co
        3,000             110,880      
  Lubrizol Corp
        88,200             5,987,016      
  MeadWestvaco Corp
        2,666             89,684      
  Nucor Corp
        81,016             5,024,612      
  Rock-Tenn Company, Class A
        592             17,263      
  Rohm and Haas Co
        1,510             78,339      
  Schnitzer Steel Industries Inc, Class A
        1,269             83,843      
  Sonoco Products Company
        1,260             38,959      
  United States Steel Corporation
        67,700             7,304,830      
 
 
              18,876,799      
  Telecommunication Services – 7.2%
 
  AT&T Inc
        747,904           $ 31,254,908      
  CenturyTel Inc
        361,900             15,941,695      
  Sprint Nextel Corp
        5,159             88,219      
  Verizon Communications Inc
        990,038             45,611,051      
 
 
              92,895,873      
  Utilities – 3.2%
 
  Energen Corp
        417,147             26,697,408      
  ONEOK Inc
        187,100             9,343,774      
  Pepco Holdings Inc
        182,600             5,202,273      
  WGL Holdings
        8,577             290,931      
 
 
              41,534,386      
  Total Common Stocks
 
  (Cost $1,116,737,468)
        1,278,443,152      
  Repurchase Agreements – 0.6%
 
  State Street Bank & Trust, dated 10/31/07, 3.01% due 11/1/07, maturity amount $8,153,916 (collateralized by U.S. Government Agency Mortgage Securities, Fannie Mae, 31359MP56, 5.25%, 12/03/2007, market value $8,318,038)
        8,153,234             8,153,234      
  Total Repurchase Agreements – 0.6%
 
  (Cost $8,153,234)
        8,153,234      
  Total Investments – 99.9%
 
  (Cost$1,124,890,702)(b)
        1,286,596,386      
  Other Assets, less
liabilities – 0.1%
        1,019,531      
  Net Assets – 100.0%
      $ 1,287,615,917      

     

 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $1,166,212,112. The aggregrate gross unrealized appreciation is $168,143,581 and the aggregate gross unrealized depreciation is $47,759,307, resulting in net unrealized appreciation of $120,384,274. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

3



Domini European Social Equity Trust 

Portfolio of Investments 

October 31, 2007 (unaudited) 

  Country/Security
    Industry       Shares         Value    
  Common Stock – 99.0%
             
  Austria – 1.8%
             
  Immofinanz AG
    Real Estate         107,410           $ 1,280,586      
  OMV AG
    Energy         2,399             179,902      
  Voestalpine AG
    Materials         11,768             1,061,985      
 
 
                    2,522,473      
  Belgium – 2.5%
             
  Belgacom SA
    Telecommunication Services         15,404             737,262      
  Delhaize Group
    Food & Staples Retailing         15,441             1,470,510      
  Omega Pharma SA
    Health Care Equipment & Services         19,098             1,280,273      
 
 
                    3,488,045      
  Denmark – 1.7%
                         
  Dampskibsselskabet Torm
    Energy         33,602             1,409,747      
  H. Lundbeck A/S
    Pharma, Biotech & Life Sciences         5,300             152,237      
  Sydbank A/S
    Banks         18,800             867,644      
 
 
                    2,429,628      
  Finland – 3.8%
                               
  Kesko OYJ-B Shares
    Food & Staples Retailing         6,214             372,789      
  Metso OYJ
    Capital Goods         7,144             435,634      
  Nokia OYJ
    Technology Hardware & Equipment         5,078             201,425      
  Orion OYJ – New shares
    Pharma, Biotech & Life Sciences         73,462             1,886,816      
  Outokumpu OYJ
    Materials         21,597             809,357      
  Rautaruukki OYJ
    Materials         26,846             1,545,227      
 
 
                    5,251,248      
  France – 14.2%
                               
  Air France-KLM
    Transportation         33,873             1,290,965      
  BNP Paribas
    Banks         23,573             2,609,400      
  Credit Agricole SA
    Banks         18,360             726,498      
  France Telecom SA
    Telecommunication Services         94,621             3,494,762      
  Lafarge SA
    Materials         1,395             227,753      
  Sanofi-Aventis
    Pharma, Biotech & Life Sciences         52,432             4,606,424      
  Societe Generale
    Banks         8,920             1,505,084      
  Ste Des Ciments Francais-A
    Materials         3,576             673,348      
  Valeo
    Automobiles & Components         8,787             483,161      
  Vivendi SA
    Media         94,767             4,277,161      
 
 
                    19,894,556      
  Germany – 11.7%
                               
  Allianz SE-Reg
    Insurance         13,278             2,986,219      
  Altana AG
    Pharma, Biotech & Life Sciences         67,383             1,631,097      
  Celesio AG
    Health Care Equipment & Services         30,407             1,725,667      
  Deutsche Lufthansa – Reg
    Transportation         63,951             1,885,721      
  Deutsche Telekom AG – Reg
    Telecommunication Services         34,069             698,583      
  Epcos AG
    Technology Hardware & Equipment         37,186             750,661      
  Fresenius SE
    Health Care Equipment & Services         28,437             2,212,834      
  Merck KGAA
    Pharma, Biotech & Life Sciences         5,829             728,543      
  Muenchener Rueckver AG – Reg
    Insurance         17,158             3,289,583      
  ProSieben Sat.1 Media AG
    Media         12,271             359,783      
 
 
                    16,268,691      

4



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

October 31, 2007 (unaudited) 

  Country/Security
    Industry       Shares         Value    
  Greece – 0.1%
                               
  National Bank Of Greece
    Banks         2,716           $ 189,550      
 
 
                    189,550      
  Ireland – 0.3%
                               
  Kerry Group PLC-A
    Food & Beverage         14,438             432,181      
 
 
                    432,181      
  Italy – 5.3%
                               
  Banca Popolare Emilia Romagna
    Banks         20,412             483,417      
  Fiat SPA
    Automobiles & Components         120,134             3,890,470      
  UniCredito Italiano SPA
    Banks         350,135             3,008,280      
 
 
                    7,382,167      
  Netherlands – 10.5%
                               
  Arcelor Mittal
    Materials         22,487             1,812,274      
  Fugro NV-CVA
    Energy         35,915             3,153,080      
  ING Groep NV-CVA
    Diversified Financials         50,956             2,300,297      
  Koninkijke KPN NV
    Telecommunication Services         87,899             1,657,583      
  Koninklijke DSM NV
    Materials         11,505             652,688      
  OCE NV
    Technology Hardware & Equipment         65,016             1,308,203      
  SNS Reaal
    Insurance         49,704             1,193,464      
  TNT NV
    Transportation         44,686             1,831,453      
  Unilever NV-CVA
    Food & Beverage         23,748             771,989      
 
 
                    14,681,031      
  Norway – 5.6%
                               
  Norsk Hydro ASA
    Energy         54,578             798,718      
  Orkla ASA
    Capital Goods         46,500             865,419      
  Petroleum Geo-Services
    Energy         16,167             477,794      
  StatoilHydro ASA
    Energy         166,024             5,630,108      
 
 
                    7,772,039      
  Poland – 0.3%
                               
  Polish Oil & Gas
    Energy         166,817             377,994      
 
 
                    377,994      
  Portugal – 0.7%
                               
  Banco Espirito Santo – Reg
    Banks         41,320             1,004,060      
 
 
                    1,004,060      
  Russia – 0.2%
                               
  Vimpel-Communications-SP ADR
    Telecommunication Services         8,500             281,095      
 
 
                    281,095      
  Spain – 3.4%
                               
  Banco Santander SA
    Banks         12,665             276,637      
  Corporacion Financiera Alba
    Diversified Financials         2,343             175,608      
  Gas Natural SDG SA
    Utilities         64,702             3,984,036      
  Telefonica SA
    Telecommunication Services         10,472             346,311      
 
 
                    4,782,592      
  Sweden – 5.0%
                               
  Electrolux AB-Ser B
    Consumer Durables & Apparel         27,600             535,400      
  Industrivarden AB-C Shares
    Diversified Financials         34,800             707,276      
  Investor AB-B Shares
    Diversified Financials         20,200             501,265      

5



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

October 31, 2007 (unaudited) 

  Country/Security
    Industry       Shares         Value    
  Sweden (continued)
                   
  Nordea AB
    Banks         61,223           $ 1,095,031      
  Scania AB-B Shares (a)
    Capital Goods         76,600             2,100,076      
  Ssab Svenskt Stal AB-Ser A
    Materials         15,550             506,210      
  Swedbank AB
    Banks         49,700             1,559,385      
 
 
                    7,004,643      
  Switzerland – 4.6%
                               
  Novartis AG – Reg Shs
    Pharma, Biotech & Life Sciences         3,849             204,630      
  Rieter Holding AG
    Automobiles & Components         993             577,225      
  Swiss Re-Reg
    Insurance         45,478             4,273,359      
  The Swatch Group AG-B
    Consumer Durables & Apparel         2,306             737,829      
  The Swatch Group AG – Reg
    Consumer Durables & Apparel         9,901             622,727      
 
 
                    6,415,770      
  Turkey – 0.9%
                               
  Finansbank AS (a)
    Banks         55,490             251,841      
  Ihlas Holding (a)
    Capital Goods         262,048             255,056      
  Trakya Cam Sanayii AS
    Capital Goods         148,026             384,942      
  Turk Sise Ve Cam Fabrikalari
    Consumer Durables & Apparel         145,580             320,729      
 
 
                    1,212,568      
  United Kingdom – 26.4%
                               
  3i Group PLC
    Diversified Financials         101,733             2,299,614      
  Aviva PLC
    Insurance         63,993             1,007,293      
  Barclays PLC
    Banks         177,780             2,247,948      
  Barratt Developments PLC
    Consumer Durables & Apparel         24,983             339,856      
  Bellway PLC
    Consumer Durables & Apparel         11,578             259,708      
  BG Group PLC
    Energy         38,952             721,524      
  Bovis Homes Group PLC
    Consumer Durables & Apparel         21,038             291,116      
  BT Group PLC
    Telecommunication Services         17,251             117,149      
  Drax Group PLC
    Utilities         97,495             1,371,581      
  GlaxoSmithKline PLC
    Pharma, Biotech & Life Sciences         83,073             2,131,808      
  Hays PLC
    Commercial Services & Supplies         219,110             627,003      
  HBOS PLC
    Banks         93,511             1,702,925      
  Home Retail Group
    Retailing         273,668             2,485,707      
  HSBC Holdings PLC
    Banks         17,643             349,473      
  Kelda Group Ord Gbp (a)
    Utilities         24,341             481,040      
  Man Group PLC
    Diversified Financials         18,982             233,053      
  Michael Page International
    Commercial Services & Supplies         61,195             558,815      
  Morrison (Wm.) Supermarkets
    Food & Staples Retailing         387,656             2,390,717      
  National Grid PLC
    Utilities         51,431             849,919      
  Old Mutual PLC
    Insurance         163,901             628,533      
  Royal Bank Of Scotland Group
    Banks         403,531             4,354,045      
  Stagecoach Group Ordinary
    Transportation         470,752             2,656,287      
  Standard Life PLC
    Insurance         151,181             896,183      
  Taylor Woodrow PLC
    Consumer Durables & Apparel         121,707             629,021      
  Travis Perkins PLC
    Capital Goods         11,226             340,412      
  Trinity Mirror PLC
    Media         218,148             1,828,442      
  Unilever PLC
    Food & Beverage         13,554             459,176      
  Vodafone Group PLC
    Telecommunication Services         1,164,793             4,585,605      
 
 
                    36,843,953      
  Total Common Stocks
(Cost $124,583,079)
      $ 138,234,284      

6



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

October 31, 2007 (unaudited) 

  Country/Security
    Industry       Shares         Value    
  Repurchase Agreements — 0.9%
                               
  State Street Bank & Trust, dated 10/31/07, 3.01%
due 11/01/07, maturity amount $1,250,801
(collaterized by: U.S. Government Agency
Mortgage Securities, Fannie Mae, 31359MP56,
5.25%, 12/03/2007, market value $1,278,125)
        1,250,696           $ 1,250,696      
  Total Repurchase Agreements — 0.9%
(Cost $1,250,696)
        1,250,696      
  Total Investments — 99.9%
(Cost $125,833,775) (b)
        139,484,980      
  Other Assets, less liabilities — 0.1%
        142,141      
  Net Assets — 100.0%
      $ 139,627,121      
 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $125,811,982. The aggregrate gross unrealized appreciation is $19,598,009 and the aggregate gross unrealized depreciation is $5,925,011, resulting in net unrealized appreciation of $13,672,998. 

As of the date of this report, certain foreign securities were fair valued by an independent pricing service under the direction of the Board of Trustees or its delegates in accordance with the Trust’s Valuation and Pricing Policies and Procedures. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

7



Domini PacAsia Social Equity Trust 

Portfolio of Investments 

October 31, 2007 (unaudited) 

  Country/Security
    Industry     Shares       Value    
  Common Stocks – 98.3%
                   
  Australia – 10.4%
                   
  Bluescope Steel Ltd
    Materials     56,873       $ 564,429      
  CFS Retail Property Trust
    Real Estate     193,767         440,384      
  Commonwealth Bank Of Australia
    Banks     7,507         430,201      
  Commonwealth Property Office
    Real Estate     127,165         187,256      
  CSL Limited
    Pharma, Biotech & Life Sciences     9,270         314,258      
  GPT Group
    Real Estate     8,767         37,742      
  Macquarie Office Trust
    Real Estate     98,188         149,902      
  Origin Energy Limited
    Energy     44,750         382,119      
  QBE Insurance Group Ltd
    Insurance     18,389         559,941      
  Suncorp-Metway Limited
    Diversified Financials     7,977         150,797      
  Westfield Group
    Real Estate     6,068         123,452      
  Westpac Banking Corporation
    Banks     2,361         65,938      
 
 
                    3,406,419      
  China – 2.5%
 
  Agile Property Holdings Ltd
    Real Estate     42,000         101,929      
  Guangzhou R&F
Properties – H
    Real Estate     44,800         235,843      
  Ping An Insurance Group Co-H
    Insurance     18,500         258,943      
  Shiamo Property Holdings Ltd
    Real Estate     21,000         75,177      
  TPV Technology Ltd
    Technology Hardware & Equipment     254,223         171,182      
 
 
                    843,074      
  Hong Kong – 10.6%
 
  Chinese Estates Hl
    Real Estate     92,239         186,934      
  Esprit Holdings Ltd
    Retailing     6,500         108,551      
  First Pacific Co
    Diversified Financials     110,389         84,464      
  Hang Lung Group Ltd
    Real Estate     26,665         157,435      
  Hang Seng Bank Ltd
    Banks     2,500         51,071      
  Henderson Land Development
    Real Estate     13,142         117,803      
  Hopewell Highway Infrastructure Ltd.
    Transportation     86,000         81,096      
  Hopewell Holdings
    Transportation     71,086         368,325      
  Hysan Development Company
    Real Estate     52,191         157,689      
  Jardine Matheson Holdings Ltd
    Diversified Financials     5,993         182,787      
  Jardine Strategic Holdings Ltd
    Diversified Financials     9,859         163,659      
  Kingboard Chemicals Holdings
    Technology Hardware & Equipment     40,728         267,494      
  Swire Pacific Ltd ‘A’
    Real Estate     45,664         652,121      
  Wharf Holdings Ltd
    Real Estate     91,675         552,714      
  Wheelock & Co Ltd
    Real Estate     106,418         344,944      
 
 
                    3,477,087      
  India – 1.3%
 
  Ambuja Cements Limited
    Materials     39,863         147,503      
  Dr. Reddy’s Laboratories Ltd
    Pharma, Biotech & Life Sciences     5,100         80,604      
  Idea Cellular Limited (a)
    Telecommunication Services     23,500         81,208      
  Punjab National Bank
    Banks     9,500         127,868      
 
 
                    437,183      

8



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

October 31, 2007 (unaudited) 

  Country/Security
    Industry     Shares       Value    
  Indonesia – 0.9%
 
  Bank Rakyat Indonesia
    Banks     157,500       $ 135,996      
  Telekomunikasi TBK PT
    Telecommunication Services     129,000         154,873      
 
 
                    290,869      
  Japan – 44.3%
 
  Alps Electric Co Ltd
    Technology Hardware & Equipment     22,051         276,264      
  Amada Co Ltd
    Capital Goods     15,220         154,110      
  Aoyama Trading Co Ltd
    Retailing     3,400         88,941      
  Asahi Kasei Corporation
    Materials     50,640         387,941      
  Astellas Pharma Inc
    Pharma, Biotech & Life Sciences     2,584         114,787      
  Chuo Mitsui Trust Holdings Inc
    Banks     66,533         532,734      
  COMSYS Holdings Corp
    Capital Goods     29,000         284,512      
  Dai Nippon Printing Co Ltd
    Commercial Services & Supplies     25,399         368,963      
  Daito Trust Construct Co Ltd
    Consumer Durables & Apparel     2,584         119,891      
  Eisai Co Ltd
    Pharma, Biotech & Life Sciences     751         31,555      
  Elpida Memory Inc (a)
    Semiconductors & Semiconductor Equipment     1,600         55,230      
  Fuji Film Holdings Corp
    Consumer Durables & Apparel     14,357         687,241      
  Fujikura Ltd
    Capital Goods     28,578         184,385      
  Honda Motor Co Ltd
    Automobiles & Components     27,003         1,011,879      
  Joyo Bank Ltd.
    Banks     28,740         178,351      
  JS Group Corp
    Capital Goods     4,900         79,433      
  Kawasaki Kisen Kaisha Ltd
    Transportation     25,206         350,108      
  Kyocera Corporation
    Technology Hardware & Equipment     6,027         512,639      
  Mazda Motor Corp
    Automobiles & Components     12,000         72,328      
  Mitsui Chemicals Inc
    Materials     63,880         601,238      
  Nintendo Company Ltd
    Software & Services     1,148         729,576      
  Nippon Express Co Ltd
    Transportation     105,000         528,434      
  Nippon Sheet Glass Co Ltd
    Capital Goods     75,000         458,190      
  Nippon Telegraph & Telephone
    Telecommunication Services     141         645,754      
  Nisshin Seifun Group Inc
    Food & Beverage     11,500         103,778      
  Nisshin Steel Co Ltd
    Materials     105,000         404,471      
  Orix Corporation
    Diversified Financials     2,593         532,262      
  Resona Holdings Inc
    Banks     189         338,909      
  Ricoh Company Limited
    Technology Hardware & Equipment     16,503         326,417      
  Sapporo Hokuyo Holdings Inc
    Banks     4         41,199      
  SBI Holdings Inc
    Diversified Financials     1,113         353,339      
  Seiko Epson Corp
    Technology Hardware & Equipment     9,010         213,055      
  Seino Holdings Co Ltd
    Transportation     22,800         195,911      
  Sekisui House Limited
    Consumer Durables & Apparel     47,188         604,115      
  Seven & I Holdings Co Ltd
    Food & Staples Retailing     4,500         116,278      
  Sony Corporation
    Consumer Durables & Apparel     10,278         507,946      
  Sumitomo Trust & Banking
    Banks     29,874         222,895      
  Suzuken Company Limited
    Health Care Equipment & Services     6,900         222,923      
  TDK Corp
    Technology Hardware & Equipment     6,600         542,035      
  Tokyo Steel Mfg Co Ltd
    Materials     28,800         399,633      
  Toppan Printing Company Ltd
    Commercial Services & Supplies     45,406         443,303      
  Toyo Seikan Kaisha Limited
    Materials     24,087         435,736      
  Wacoal Holdings Corp
    Consumer Durables & Apparel     7,000         85,391      
 
 
                    14,544,080      

9



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

October 31, 2007 (unaudited) 

  Country/Security
    Industry     Shares       Value    
  Malaysia – 2.8%
                   
  AMMB Holdings BHD
    Diversified Financials     38,400       $ 48,904      
  Bumiputra-Commerce Holdings BHD
    Banks     55,500         193,017      
  Pos Malaysia & Services Holding
    Transportation     112,400         92,723      
  Public Bank BHD-Foreign Market
    Banks     24,000         82,531      
  RHB Capital Berhad
    Banks     111,500         213,752      
  Telekom Malaysia BHD
    Telecommunication Services     48,800         149,902      
  Tenaga Nasional BHD
    Utilities     31,756         89,582      
  YTL Corporation Berhad
    Utilities     16,040         36,333      
 
 
                    906,744      
  New Zealand – 1.7%
                   
  Kiwi Income Property Trust
    Real Estate     105,947         119,130      
  Telecom Corp Of New Zealand
    Telecommunication Services     39,232         131,436      
  Tower Limited (a)
    Insurance     68,468         119,276      
  Vector Ltd
    Utilities     100,805         185,702      
 
 
                    555,544      
  Norway – 1.0%
                   
  Petroleum Geo-Services
    Energy     10,900         322,135      
 
 
                    322,135      
  Philippines – 0.8%
                   
  Globe Telecom Inc
    Telecommunication Services     6,787         265,811      
 
 
                    265,811      
  Singapore – 2.2%
                   
  DBS Group Holdings Ltd.
    Banks     6,106         95,441      
  Jardine Cycle & Carriage Ltd
    Retailing     32,662         478,196      
  Oversea-Chinese Banking Corp
    Banks     14,381         92,204      
  United Industrial Corp Ltd
    Real Estate     30,277         65,145      
 
 
                    730,986      
  South Korea – 9.1%
                   
  Cheil Jedang Corporation
    Food & Beverage     1,456         162,985      
  Daegu Bank
    Banks     3,910         69,299      
  GS Holdings Corp
    Energy     5,069         363,875      
  Hana Financial Holdings
    Banks     2,100         106,286      
  Hynix Semiconductor Inc (a)
    Semiconductors & Semiconductor Equipment     1,490         41,797      
  Hyundai Securities Co (a)
    Diversified Financials     1,830         43,861      
  Industrial Bank Of Korea
    Banks     8,995         184,411      
  Kookmin Bank
    Banks     1,029         84,146      
  Korea Zinc Co Ltd
    Materials     1,495         301,940      
  KT Corp
    Telecommunication Services     6,803         323,152      
  LG Corp
    Commercial Services & Supplies     4,662         426,617      
  LG Electronics Inc
    Consumer Durables & Apparel     3,561         374,439      
  Pacific Corp
    Household & Personal Products     492         111,916      
  Pusan Bank
    Banks     6,480         116,314      
  Shinhan Financial Group Ltd
    Banks     1,933         126,290      
  Woori Investment & Securities
    Diversified Financials     4,540         139,955      
 
 
                    2,977,283      

10



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

October 31, 2007 (unaudited) 

  Country/Security
    Industry     Shares       Value    
  Taiwan – 8.4%
                   
  Asustek Computer Inc
    Technology Hardware & Equipment     41,492       $ 147,318      
  Au Optronics Corp
    Technology Hardware & Equipment     301,528         652,317      
  Chi Mei Optoelectronics Corp
    Technology Hardware & Equipment     134,560         194,892      
  China Steel Corp
    Materials     274,214         389,272      
  Chunghwa Telecom Co Ltd
    Telecommunication Services     89,623         172,510      
  Compal Electronics
    Technology Hardware & Equipment     355,383         453,985      
  Powerchip Semiconductor Corp
    Semiconductors & Semiconductor Equipment     549,858         255,833      
  Pro Mos Technologies Inc
    Semiconductors & Semiconductor Equipment     728,394         207,784      
  Siliconware Precision Inds
    Semiconductors & Semiconductor Equipment     19,024         39,932      
  Taiwan Cooperative Bank
    Banks     222,143         173,327      
  United Microelectronics Corp
    Semiconductors & Semiconductor Equipment     80,000         52,469      
 
 
                    2,739,639      
  Thailand – 1.3%
                   
  Bangkok Bank Pub Co – For Reg
    Banks     52,318         197,330      
  Kasikornbank PCL – Foreign
    Banks     53,800         143,026      
  Siam Cement Pub Co – For Reg
    Materials     11,800         91,457      
 
 
                    431,813      
  United States – 1.0%
                   
  National Oilwell Varco Inc (a)
    Energy     4,500         329,581      
 
 
                    329,581      
  Total Common Stocks
 
  (Cost $29,102,479)
        32,258,248      
  Repurchase Agreements — 1.4%
             
  State Street Bank & Trust, dated 10/31/07, 3.01% due 11/01/07, maturity amount $454,317 (collateralized by U.S. Government Agency Mortgage Securities, Fannie Mae, 31359MP6, 5.25%, 12/03/2007, market value $465,238)
    454,279         454,279      
  Total Repurchase Agreements — 1.4%
 
  (Cost $454,279)
        454,279      
  Total Investments — 99.7%
       
  (Cost$29,556,758)(b)
        32,712,527      
  Other Assets, less liabilities — 0.3%
        97,492      
  Net Assets — 100.0%
      $ 32,810,019      
 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $29,741,828. The aggregrate gross unrealized appreciation is $4,088,884 and the aggregate gross unrealized depreciation is $1,118,185, resulting in net unrealized appreciation of $2,970,699. 

As of the date of this report, certain foreign securities were fair valued by an independent pricing service under the direction of the Board of Trustees or its delegates in accordance with the Trust’s Valuation and Pricing Policies and Procedures. 

SEE NOTES TO PORTFOLIO OF INVESTMENTS

11



Domini Europacific Social Equity Trust 

Portfolio of Investments 

October 31, 2007 (unaudited) 

  Country / Security
    Industry     Shares           Value    
  Common Stocks – 99.2%
                   
  Australia – 4.5%
                   
  Bluescope Steel Ltd
    Materials     4,325       $ 42,923      
  CFS Retail Property Trust
    Real Estate     114,795         260,900      
  Commonwealth Property Office
    Real Estate     52,634         77,506      
  CSL Limited
    Pharma, Biotech & Life Sciences     1,104         37,426      
  Macquarie Office Trust
    Real Estate     116,080         177,218      
  Origin Energy Limited
    Energy     16,577         141,551      
  QBE Insurance Group Ltd
    Insurance     2,494         75,942      
 
 
                    813,466      
  Austria – 1.1%
                   
  Immofinanz AG
    Real Estate     9,364         111,641      
  OMV AG
    Energy     1,098         82,339      
 
 
                    193,980      
  Belgium – 2.8%
                   
  Delhaize Group
    Food & Staples Retailing     2,260         215,229      
  Dexia
    Banks     3,700         118,979      
  KBC Groupe SA
    Banks     650         90,935      
  Omega Pharma SA
    Health Care Equipment & Services     1,067         71,528      
 
 
                    496,671      
  China – 0.1%
                   
  TPV Technology Ltd
    Technology Hardware & Equipment     35,775         24,089      
 
 
                    24,089      
  Czech Republic – 0.1%
                   
  Telefonica O2 Czech Republic
    Telecommunication Services     692         21,415      
 
 
                    21,415      
  Denmark – 0.6%
                   
  Dampskibsselskabet (D/S) Torm
    Energy     800         33,563      
  H. Lundbeck A/S
    Pharma, Biotech & Life Sciences     2,545         73,102      
 
 
                    106,665      
  Finland – 3.4%
                   
  Nokia OYJ
    Technology Hardware & Equipment     6,704         265,922      
  Orion OYJ/New
    Pharma, Biotech & Life Sciences     8,156         209,481      
  Outokumpu OYJ
    Materials     1,569         58,799      
  Rautaruukki OYJ
    Materials     569         32,751      
  Sampo Insurance Co-A Share
    Insurance     1,078         33,819      
 
 
                    600,772      
  France – 9.1%
                   
  Air France-KLM
    Transportation     3,701         141,052      
  BNP Paribas
    Banks     1,936         214,304      
  Credit Agricole SA
    Banks     1,724         68,218      
  France Telecom SA
    Telecommunication Services     9,798         361,882      
  Sanofi-Aventis
    Pharma, Biotech & Life Sciences     4,749         417,224      
  Schneider Electric SA
    Capital Goods     237         32,744      
  Societe Generale
    Banks     499         84,197      
  Valeo
    Automobiles & Components     739         40,635      
  Vallourec
    Capital Goods     180         52,351      
  Vivendi SA
    Media     4,867         219,664      
 
 
                    1,632,271      

12



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

October 31, 2007 (unaudited) 

  Country / Security
    Industry     Shares           Value    
  Germany – 8.0%
                   
  Allianz SE-Reg
    Insurance     1,245       $ 280,000      
  Altana AG
    Pharma, Biotech & Life Sciences     9,587         232,066      
  Celesio AG
    Health Care Equipment & Services     2,082         118,158      
  Commerzbank AG
    Banks     599         25,347      
  Deutsche Lufthansa – Reg
    Transportation     3,628         106,979      
  Deutsche Telekom AG – Reg
    Telecommunication Services     1,367         28,030      
  Epcos AG
    Technology Hardware & Equipment     3,236         65,324      
  Fresenius SE
    Health Care Equipment & Services     1,389         108,085      
  Hannover Rueckversicherungs AG
    Insurance     1,449         76,391      
  Merck KGAA
    Pharma, Biotech & Life Sciences     400         49,994      
  Muenchener Rueckver AG -Reg
    Insurance     1,329         254,800      
  Salzgitter AG
    Materials     468         92,003      
 
 
                    1,437,177      
  Greece – 0.7%
                   
  National Bank Of Greece
    Banks     1,874         130,787      
 
 
                    130,787      
  Hong Kong – 3.2%
                   
  Chinese Estates Hl
    Real Estate     28,269         57,291      
  Hang Lung Group Ltd
    Real Estate     4,627         27,319      
  Hopewell Holdings
    Transportation     15,000         77,721      
  Jardine Matheson Hldgs Ltd
    Diversified Financials     714         21,777      
  Jardine Strategic Holdings Ltd
    Diversified Financials     2,000         33,200      
  Kingboard Chemicals Holdings
    Technology Hardware & Equipment     13,243         86,978      
  Swire Pacific Ltd ’A’
    Real Estate     5,334         76,174      
  Wharf Holdings Ltd
    Real Estate     14,970         90,255      
  Wheelock & Co Ltd
    Real Estate     30,250         98,053      
 
 
                    568,768      
  Hungary – 0.3%
                   
  MOL Magyar Olaj-ES Gazipari
    Energy     387         59,755      
 
 
                    59,755      
  Ireland – 1.7%
                   
  Irish Life & Permanent PLC
    Insurance     3,677         83,692      
  Kerry Group PLC-A
    Food & Beverage     7,502         224,786      
 
 
                    308,478      
  Italy – 1.6%
                   
  Fiat SPA
    Automobiles & Components     9,041         292,788      
 
 
                    292,788      
  Japan – 20.0%
                   
  Alps Electric Co Ltd
    Technology Hardware & Equipment     2,518         31,547      
  Aoyama Trading Co Ltd
    Retailing     996         26,054      
  Asahi Kasei Corporation
    Materials     9,000         68,947      
  Astellas Pharma Inc
    Pharma, Biotech & Life Sciences     2,000         88,844      
  Chuo Mitsui Trust Holdings Inc
    Banks     26,194         209,737      
  COMSYS Holdings Corp
    Capital Goods     6,000         58,865      
  Dai Nippon Printing Co Ltd
    Commercial Services & Supplies     6,828         99,188      
  Familymart Co Ltd
    Food & Staples Retailing     1,100         32,081      
  Fuji Film Holdings Corp
    Consumer Durables & Apparel     4,905         234,793      
  Honda Motor Co Ltd
    Automobiles & Components     9,428         353,294      
  Joyo Bank Ltd/The
    Banks     7,714         47,870      

13



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

October 31, 2007 (unaudited) 

  Country / Security
    Industry     Shares           Value    
  Japan (continued)
 
  Kyocera Corporation
    Technology Hardware & Equipment     1,179       $ 100,282      
  Mitsui Chemicals Inc
    Materials     12,546         118,083      
  Nintendo Company Ltd
    Software & Services     307         195,104      
  Nippon Express Co Ltd
    Transportation     37,000         186,210      
  Nippon Meat Packers Inc
    Food Beverage & Tobacco     5,000         50,422      
  Nippon Sheet Glass Co Ltd
    Capital Goods     15,000         91,638      
  Nippon Telegraph & Telephone
    Telecommunication Services     23         105,336      
  Orix Corporation
    Diversified Financials     200         41,054      
  Ricoh Company Limited
    Technology Hardware & Equipment     4,484         88,690      
  SBI Holdings Inc
    Diversified Financials     320         101,589      
  Seiko Epson Corp
    Technology Hardware & Equipment     3,601         85,151      
  Seino Holdings Co Ltd
    Transportation     10,801         92,809      
  Sekisui House Limited
    Consumer Durables & Apparel     22,259         284,966      
  Sony Corporation
    Consumer Durables & Apparel     779         38,499      
  Suzuken Company Limited
    Health Care Equipment & Services     5,100         164,769      
  TDK Corp
    Technology Hardware & Equipment     2,000         164,253      
  Tokyo Steel Mfg Co Ltd
    Materials     12,183         169,053      
  Toppan Printing Company Ltd
    Commercial Services & Supplies     14,154         138,187      
  Toyo Seikan Kaisha Limited
    Materials     6,161         111,453      
 
 
                    3,578,768      
  Netherlands – 6.7%
                   
  Arcelor Mittal
    Materials     3,860         311,086      
  Fugro NV-CVA
    Energy     2,293         201,309      
  ING Groep NV-CVA
    Diversified Financials     1,491         67,308      
  Koninklijke DSM NV
    Materials     449         25,472      
  OCE NV
    Technology Hardware & Equipment     4,016         80,807      
  SNS Reaal
    Insurance     10,990         263,886      
  TNT NV
    Transportation     4,280         175,416      
  Unilever NV-CVA
    Food & Beverage     2,225         72,329      
 
 
                    1,197,613      
  New Zealand – 0.1%
                   
  Kiwi Income Property Trust
    Real Estate     23,113         25,989      
 
 
                    25,989      
  Norway – 3.9%
                   
  Fred Olsen Energy ASA
    Energy     501         25,421      
  Norsk Hydro ASA
    Energy     5,850         85,611      
  Orkla ASA
    Capital Goods     5,301         98,658      
  Petroleum Geo-Services
    Energy     2,262         66,850      
  Statoilhydro ASA
    Energy     12,258         415,686      
 
 
                    692,226      
  Poland – 0.3%
                   
  Polish Oil & Gas
    Energy     10,712         24,273      
  Telekomunikacja Polska
    Telecommunication Services     3,070         29,024      
 
 
                    53,297      
  Portugal – 0.3%
                   
  Banco Espirito Santo – Reg
    Banks     2,120         51,515      
 
 
                    51,515      
  Singapore – 0.5%
                   
  Jardine Cycle & Carriage Ltd
    Retailing     5,817         85,165      
 
 
                    85,165      

14



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

October 31, 2007 (unaudited) 

  Country / Security
    Industry     Shares           Value    
  South Korea – 1.9%
                   
  Cheil Jedang Corporation
    Food Beverage & Tobacco     271       $ 30,336      
  GS Holdings Corp
    Energy     1,046         75,086      
  Hana Financial Holdings
    Banks     568         28,748      
  Industrial Bank Of Korea
    Banks     1,327         27,206      
  Korea Zinc Co Ltd
    Materials     294         59,378      
  KT Corp (a)
    Telecommunication Services     555         26,363      
  LG Corp
    Commercial Services & Supplies     494         45,206      
  LG Electronics Inc
    Consumer Durables & Apparel     243         25,551      
  Woori Finance Holdings Co
    Banks     1,219         26,533      
 
 
                    344,407      
  Spain – 2.5%
                               
  Corporacion Financiera Alba
    Diversified Financials     386         28,931      
  Gas Natural SDG SA
    Utilities     4,941         304,244      
  Telefonica SA
    Telecommunication Services     3,491         115,448      
 
 
                    448,623      
  Sweden – 3.2%
                   
  Electrolux AB-Ser B
    Consumer Durables & Apparel     1,483         28,768      
  Industrivarden AB-C Shares
    Diversified Financials     2,188         44,469      
  Investor AB-B Shares
    Diversified Financials     2,199         54,568      
  Sandvik AB
    Capital Goods     5,800         110,054      
  Scania AB-B Shares (a)
    Capital Goods     6,200         169,980      
  SSAB Svenskt Stal AB-Ser A
    Materials     2,100         68,363      
  SSAB Svenskt Stal AB-Ser B
    Materials     750         22,155      
  Teliasonera AB
    Telecommunication Services     7,000         68,962      
 
 
                    567,319      
  Switzerland – 3.0%
                   
  Rieter Holding AG
    Automobiles & Components     44         25,577      
  Swiss Re-Reg
    Insurance     3,676         345,418      
  The Swatch Group AG – B
    Consumer Durables & Apparel     430         137,583      
  The Swatch Group AG – Reg
    Consumer Durables & Apparel     365         22,957      
 
 
                    531,535      
  Taiwan – 0.1%
                               
  China Steel Corp
    Materials     15,942         22,631      
 
 
                    22,631      
  Turkey – 0.2%
                   
  Trakya Cam Sanayii AS
    Capital Goods     4,560         11,859      
  Turkiye Vakiflar Bankasi T-D
    Banks     7,424         28,389      
 
 
                    40,248      
  United Kingdom – 19.3%
                   
  3i Group PLC
    Diversified Financials     8,016         181,197      
  Barratt Developments PLC
    Consumer Durables & Apparel     5,052         68,725      
  Bellway PLC
    Consumer Durables & Apparel     3,775         84,678      
  BT Group PLC
    Telecommunication Services     5,297         35,971      
  Carphone Warehouse Group
    Retailing     27,698         202,819      
  Collins Stewart PLC-W/I (a)
    Diversified Financials     13,547         60,392      
  Drax Group PLC
    Utilities     5,784         81,371      
  Emap PLC
    Media     3,655         66,785      
  GlaxoSmithKline PLC
    Pharma, Biotech & Life Sciences     7,231         185,561      
  HBOS PLC
    Banks     7,535         137,220      
  Home Retail Group
    Retailing     29,093         264,250      
  HSBC Holdings PLC
    Banks     1,600         31,693      

15



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

October 31, 2007 (unaudited) 

  Country / Security
    Industry     Shares           Value    
  United Kingdom (continued)
 
  Kelda Group Ord Gbp (a)
    Utilities     8,840       $ 174,701      
  Man Group PLC
    Diversified Financials     7,479         91,824      
  Morrison (Wm.) Supermarkets
    Food & Staples Retailing     10,788         66,531      
  Old Mutual PLC
    Insurance     41,735         160,047      
  Resolution PLC
    Insurance     14,621         222,087      
  Royal Bank Of Scotland Group
    Banks     34,172         368,711      
  Stagecoach Group Ordinary
    Transportation     37,103         209,359      
  Standard Life PLC
    Insurance     11,127         65,960      
  Trinity Mirror PLC
    Media     23,540         197,304      
  Vodafone Group PLC
    Telecommunication Services     126,639         498,559      
 
 
                    3,455,745      
  Total Common Stocks
(Cost $16,822,181)
        17,782,163      
  Repurchase Agreements – 1.1%
                               
  State Street Bank & Trust, dated 10/31/07, 3.01% due 11/01/07, maturity amount $196,563 (collaterized by: U.S. Government Agency Mortgage Securities, Fannie Mae, 31359MP56, 5.25%, 12/03/2007, market value $204,500)
    196,546         196,546      
  Total Repurchase Agreements – 1.1%
 
  (Cost $196,546)
        196,546      
  Total Investments — 100.3%
 
  (Cost$17,018,727)(b)
        17,978,709      
  Other Liabilities, less assets — (0.3%)
        (47,188 )    
  Net Assets — 100.0%
      $ 17,931,521      
 

(a) 

Non-income producing security. 

(b) 

The aggregate cost for federal income tax purposes is $17,110,113. The aggregrate gross unrealized appreciation is $1,544,670 and the aggregate gross unrealized depreciation is $676,074, resulting in net unrealized appreciation of $868,596. 

As of the date of this report, certain foreign securities were fair valued by an independent pricing service under the direction of the Board of Trustees or its delegates in accordance with the Trust’s Valuation and Pricing Policies and Procedures. 

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 

October 31, 2007 (UNAUDITED) 

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES 

The Domini Social Trust 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. Effective November 30, 2007, the Trust changed its name to the Domini European PacAsia Social Equity Trust. 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires  

17



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 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) Repurchase Agreements. The Trusts may enter into repurchase agreements with selected banks or broker-dealers. Each repurchase agreement is recorded at cost, which approximates fair value. The Trusts require 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 enable the Trusts 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) 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. 

18  Notes to Portfolio of Investments



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 value of assets and liabilities other than investments in securities held at the end of the reporting period, resulting from changes in exchange rates. 

(D) 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. 

(E) 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. Interest income is recorded on an accrual basis. Dividend income, net of any withholding tax, is recorded on the ex-dividend date or for certain foreign securities, when the information becomes available to the Trusts. 

(F) 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 

October 31, 2007 (unaudited) 

 
 
      PRINCIPAL
AMOUNT
        VALUE    
  U.S. Government Agency Obligations — 22.5%
       
  Fannie Mae:
       
  5.000%, 5/11/2017
      $ 1,966,000           $ 1,978,313      
  5.000%, 10/15/2011
        5,600,000             5,697,008      
  Federal Agriculture Mortgage Corporation:
             
  6.680%, 6/10/2014
        1,000,000             1,107,252      
  Federal Farm Credit Bank:
             
  6.300%, 6/6/2011
        250,000             265,731      
  Federal Home Loan Bank:
             
  6.625%, 11/15/2010
        465,000             493,723            
  7.375%, 2/12/2010
        500,000             532,257      
  Freddie Mac:
             
  5.500%, 9/15/2011
        4,532,000             4,691,182      
  U.S. Small Business Administration:
             
  2003-10C 1, 3.530%, 5/1/2013
        290,622             282,950      
  2003-20D 1, 4.760%, 4/1/2023
        410,298             404,363            
  2003-20E 1, 4.640%, 5/1/2023
        443,756             435,179      
  2003-20F 1, 4.070%, 6/1/2023
        374,778             354,145      
  2003-20G 1, 4.350%, 7/1/2023
        207,612             199,984      
  Total U.S. Government Agency Obligations
             
  (Cost $16,170,160)
              16,442,087            
  U.S. Government Agency Mortgage Securities — 44.8%
                   
  Fannie Mae:
             
  13743, 6.640%, VR, 11/1/2019
        9,678             9,995      
  250168, 8.000%, 12/1/2009
        16,821             17,206      
  252120, 7.500%, 8/1/2025
        34,905             37,008      
  402999, 7.375%, VR, 10/1/2027
        4,607             4,636      
  526882, 7.353%, VR, 2/1/2029
        8,837             8,864      
  696355, 5.500%, 3/1/2033
        1,049,296             1,037,118      
  789089, 5.500%, 8/1/2019
        519,351             521,105      
  892917, 6.500%, 8/1/2036
        1,807,142             1,850,173      
  895098, 7.000%, 8/1/2036
        1,726,909             1,791,562      
  937881, 5.500%, 6/1/2022
        1,472,546             1,475,334            
  387231, 5.010%, 1/1/2015
        1,050,693             1,040,160      
  Fannie Mae CMO:
             
  1990-99 K, 6.500%, 8/25/2020
        14,596             15,023      
  1993-106 Z, 7.000%, 6/25/2013
        6,300             6,527      
  2003-66 MB, 3.500%, 5/25/2023
        530,660             498,982      
  2003-73 GA, 3.500%, 5/25/2031
        614,027             579,044      
  2005-M1 A, 4.479%, 10/26/2031
        299,114             295,232      
  2003-8 2A4, 4.750%, 11/25/2018
        1,513,006             1,489,282      
  Freddie Mac:
             
  845025, 6.271%, VR, 12/1/2018
        17,804             18,010      
  A18404, 5.500%, 2/1/2034
        510,630             503,891      
  A30028, 6.000%, 11/1/2034
        258,252             260,530      
  A51729, 6.500%, 8/1/2036
        1,622,821             1,662,609      
  A62612, 5.500%, 6/1/2037
        1,365,064             1,344,116      
  B11108, 5.500%, 11/1/2018
        847,011             850,839      
  B11109, 4.500%, 11/1/2018
        1,041,941             1,010,739      
  C77635, 5.500%, 2/1/2033
        1,072,038             1,058,612      

20



Domini Social Bond Fund / Portfolio of Investments (Continued) 

October 31, 2007 (unaudited) 

 
 
      PRINCIPAL
AMOUNT
        VALUE    
  U.S. Government Agency Mortgage Securities (Continued)
             
  F reddie Mac CMO:
             
  1208 D, 4.160%, VR, 2/15/2022
      $ 20,003           $ 19,995      
  2302 J, 6.500%, 4/15/2031
        83,018             85,190      
  2628 LE, 3.250%, 6/15/2033
        440,108             421,620      
  Ginnie Mae CMO:
       
  2001-34, 6.378%, VR, 10/16/2020
        317,638             320,683      
  2002-26 C, 6.01%, VR, 2/16/2024
        442,449             447,821      
  2002-37 C, 5.878%, 6/16/2024
        699,500             710,732      
  2002-9, 5.881%, 3/16/2024
        149,840             149,906      
  2003-36 C, 4.254%, 2/16/2031
        1,000,000             983,294      
  2003-78 C, 5.374%, VR, 2/16/2031
        1,000,000             1,001,144      
  2004-6 C, 4.660%, 7/16/2033
        1,000,000             977,655      
  2004-77 AB, 4.368%, 11/16/2030
        763,652             745,958      
  2005-42 B, 4.571%, 9/15/2027
        1,000,000             980,940      
  2005-67 B, 4.751%, 10/16/2026
        1,000,000             990,911      
  2005-79 A, 3.998%, 10/16/2033
        873,752             859,504      
  2005-87, 4.449%, 3/16/2025
        901,046             891,739      
  2005-89, 4.811%, 5/16/2027
        952,025             946,205      
  2005-90, 3.760%, 9/16/2028
        944,206             922,686      
  2006-05 A, 4.241%, 7/16/2029
        916,004             902,777      
  2006-3 A, 4.212%, VR, 1/16/2028
        955,408             941,351      
  2006-9 B, 5.269%, 3/16/2037
        1,000,000             992,261      
  Government National Mortgage Association:
       
  2038, 8.500%, 7/20/2025
        10,240             11,062      
  2380, 8.500%, 2/20/2027
        13,889             14,946      
  3233, 5.500%, 5/20/2017
        503,607             505,015      
  615760, 5.500%, 8/15/2028
        426,945             425,650      
  Total U.S. Government Agency Mortgage Securities
       
      (Cost $32,777,536)
              32,635,642            
  Corporate Obligations — 18.9%
             
  American Express, 6.150%, 8/28/2017
        700,000             715,201      
  Bank of America Corporation, 7.400%, 1/15/2011
        700,000             746,406      
  Bank of New York Mellon Corporation, 4.950%, 11/1/2012
        700,000             694,350      
  CenterPoint Energy, Inc., 7.875%, 4/1/2013
        700,000             768,423      
  Cisco Systems Inc., 5.500%, 2/22/2016
        600,000             603,320      
  CIT Group Inc., 5.600%, 4/27/2011
        700,000             688,856      
  Citigroup Inc., 5.300%, 1/7/2016
        700,000             686,753      
  Clorox Company, 5.450%, 10/15/2012
        700,000             701,611      
  Coca-Cola Co, 5.350%, 11/15/2017
        700,000             696,489      
  Comcast Corporation, 4.950%, 6/15/2016
        600,000             565,620      
  Goldman Sachs Group Inc., 5.350%, 1/15/2016
        600,000             585,074      
  Kimberly-Clark, 6.125%, 8/1/2017
        700,000             738,246      
  IBM Corp, 5.700%, 9/14/2017
        700,000             711,822      
  Johnson & Johnson, 5.550%, 8/15/2017
        700,000             722,597      
  JP Morgan Chase & Co, 6.625%, 3/15/2012
        700,000             735,116      
  SBC Communications, 5.100%, 9/15/2014
        600,000             589,954      
  Time Warner Companies Inc., 5.500%, 11/15/2011
        700,000             702,566      
  Travelers Cos Inc., 5.375%, 6/15/2012
        700,000             704,346      
  Verizon Communications, 5.550%, 2/15/2016
        700,000             705,291      
  Wachovia Corporation, 5.300%, 10/15/2011
        700,000             700,242      
  Total Corporate Obligations
             
      (Cost $13,678,150)
              13,762,283      

21



Domini Social Bond Fund / Portfolio of Investments (Continued) 

October 31, 2007 (unaudited) 

 
 
      PRINCIPAL
AMOUNT
        VALUE    
  Corporate Mortgage Securities — 2.6%
       
  CRFCM 2004-1A A 144A, 5.500%, 4/25/2035
      $ 1,557,509           $ 1,542,045      
  WFMBS 2003-8 A7, 4.500%, 8/25/2018
        389,487             346,372      
  Total Corporate Mortgage Securities
       
      (Cost $1,937,745)
              1,888,417            
  State & Municipal Obligations — 5.0%
       
  City of Cleveland, OH, 4.350%, 12/1/2011 (Insurer: AMBAC)
        500,000             487,245      
  City of Zion, IL, 6.250%, 12/1/2012 (Insurer: FGIC)
        250,000             260,655      
  Hudson County, NJ, Improvement Authority, 7.240%, 9/1/2008 (Insurer: AMBAC)
        195,000             198,647      
  Hudson County, NJ, Improvement Authority, 7.290%, 9/1/2009 (Insurer: AMBAC)
        175,000             182,252      
  Kentucky State Property and Buildings Commission, 3.960%, 10/1/2009 (Insurer: MBIA)
        300,000             295,023      
  Los Angeles, CA, Community Redevelopment Agency, 6.600%, 9/1/2020 (Insurer: FSA)
        515,000             546,889      
  New Jersey Economic Development Authority, 3.700%, 4/1/2008 (Insurer: AMBAC)
        200,000             199,048      
  North Carolina State University at Raleigh, 6.160%, 10/1/2009
        400,000             407,396      
  Pennsylvania Economic Development Financing Authority, 5.650%, 6/1/2015 (Insurer: FGIC)
        380,000             384,134      
  State of Mississippi, 3.510%, 11/1/2009
        500,000             487,625      
  Yazoo County, MS, 4.200%, 9/1/2008 (Insurer: AMBAC)
        225,000             223,769      
  Total State & Municipal Obligations
       
      (Cost $3,746,246)
              3,672,683            
  Certificates of Deposit — 4.3%
       
  Albina Community Bank, 4.410%, 7/29/2008 (a)
        100,000             100,000      
  Appalachian Federal Credit Union, 5.000%, 4/17/2008 (a)
        100,000             100,000      
  Carver Federal Savings Bank, 4.930%, 11/12/2007 (a)
        100,000             100,000      
  Central Bank of Kansas City, 4.680%, 5/30/2008 (a)
        100,000             100,000      
  Citizens Savings Bank & Trust, 5.100%, 4/30/2008 (a)
        100,000             100,000      
  City First Bank of D.C., 4.940%, 2/5/2008 (a)
        100,000             100,000      
  City National Bank of Newark, NJ, 4.880%, 11/14/2007 (a)
        100,000             100,000      
  Community Commerce Bank, 5.000%, 6/1/2008 (a)
        100,000             100,000      
  Communitywide Federal Credit Union, 5.300%, 12/31/2007 (a)
        100,000             100,000      
  Dakotaland Federal Credit Union, 5.000%, 4/22/2008 (a)
        100,000             100,000      
  Delta Southern Bank, 5.010%, 1/21/2008 (a)
        100,000             100,000      
  Elk Horn Bank & Trust, 4.890%, 3/20/2008 (a)
        100,000             100,000      
  First Delta Federal Credit Union, 3.750%, 7/29/2008 (a)
        100,000             100,000      
  First National Bank of the Delta, N.A., 4.500%, 6/24/2008 (a)
        100,000             100,000      
  Harbor Bank of Maryland, 4.250%, 7/25/2008 (a)
        100,000             100,000      
  Latino Community Credit Union, 5.150%, 5/30/2008 (a)
        100,000             100,000      
  Legacy Bank, 4.750%, 7/26/2008 (a)
        100,000             100,000      
  Liberty Bank and Trust Co., 3.250%, 12/5/2007 (a)
        100,000             100,000      
  Louisville Community Development Bank, 3.750%, 6/25/2008 (a)
        100,000             100,000      
  Lower East Side People’s Federal Credit Union, 2.250%, 12/6/2007 (a)
        100,000             100,000      
  Mission Community Bank, 4.590%, 12/3/2007 (a)
        100,000             100,000      
  Neighborhood National Bank, 4.500%, 6/1/2008 (a)
        100,000             100,000      
  New Resource Bank, 4.000%, 6/25/2008 (a)
        100,000             100,000      
  Northside Community Federal Credit Union, 4.500%, 6/28/2008 (a)
        100,000             100,000      
  One United Bank, 4.500%, 2/27/2008 (a)
        100,000             100,000      
  Opportunities Credit Union, 3.000%, 7/21/2008 (a)
        100,000             100,000      
  Santa Cruz Community Credit Union, 4.650%, 3/1/2008 (a)
        100,000             100,000      

22



Domini Social Bond Fund / Portfolio of Investments (Continued) 

October 31, 2007 (unaudited) 

 
 
      PRINCIPAL
AMOUNT
        VALUE    
  Certificates of Deposit (Continued)
             
  Self-Help Credit Union, 5.000%, 12/13/2007 (a)
      $ 100,000           $ 100,000      
  Shore Bank Pacific, 4.470%, 11/6/2007 (a)
        100,000             100,000      
  University National Bank, 4.570%, 7/26/2008 (a)
        100,000             100,000      
  Wainwright Bank & Trust Co., 5.030%, 4/4/2008 (a)
        100,000             100,000      
  Total Certificates of Deposit
       
      (Cost $3,100,000)
              3,100,000            
  Cash Equivalents — 5.3%
       
  Investment in Repurchase Agreements:
       
  State Street Bank & Trust, dated 10/31/07, 3.01% due 11/1/07, maturity amount $3,539,876 (collateralized by U.S. Government Agency Mortgage Securities, Fannie Mae, 31359MP56, 5.25%, 12/03/2007, market value $3,614,538)
        3,539,580             3,539,580      
  Money Market Demand Accounts:
             
  Self-Help Credit Union, 4.780%, 11/1/2007 (a)
        232,001             232,001      
  University National Bank, 2.510%, 11/1/2007 (a)
        109,597             109,597      
  Total Cash Equivalents
       
      (Cost $3,881,178)
              3,881,178            
  Total Investments — 103.4%
       
      (Cost $75,291,015) (b)
              75,382,290      
  Other liabilities, less assets — (3.4)%
              (2,506,197 )    
  Net Assets — 100.0%
            $ 72,876,093      
 

(a) 

Securities (other than short-term obligations with remaining maturities of less than 60 days) 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 $75,291,015. The aggregate gross unrealized appreciation is $568,391, and the aggregate gross unrealized depreciation is $477,116, resulting in net unrealized appreciation of $91,275. 

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, 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
October 31, 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 are consistent with the Fund’s social and environmental standards and the submanager’s security selection approach. 

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  

24



in a segregated account with a custodian bank in a manner sufficient to 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 transactions, Investment Income and Dividends to Shareholders. Invesment transactions are recorded on trade date. 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. 

26



Item 2. Controls and Procedures.

(a) Within 90 days prior to the filing of this report on Form N-Q, Amy L. Thornton, 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. Thornton 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. Thornton

 

 

 

Amy L. Thornton

 

 

 

 

President

 

 

 

Date: December 28, 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. Thornton

 

 

 

Amy L. Thornton

 

 

 

 

President (Principal Executive Officer)

 

 

 

Date: December 28, 2007

By:


/s/ Carole M. Laible

 

 

 

Carole M. Laible

 

 

 

 

Treasurer (Principal Financial Officer)

 

 

 

Date: December 28, 2007