Fund Evaluator:
Domini Sustainable Solutions Inv (CAREX)
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Best Performing in Global Small/Mid Stock Over the Last Year
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Fund Details
Domini Sustainable Solutions Inv Overview
Domini Sustainable Solutions Inv (CAREX) is an actively managed International Equity Global Small/Mid Stock fund. Domini launched the fund in 2020.
The investment seeks to provide its shareholders with long-term total return. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of companies that demonstrate a commitment to sustainability solutions. It may invest in equity securities issued by companies of any market capitalization located throughout the world, including the U.S.
About Domini Sustainable Solutions Inv (CAREX)
There are 5 members of the management team with an average tenure of 4.18 years: Michael Finocchi (2020), Kathleen Morgan (2024), Maria Llerena (2025), Amy Thornton (2020), Carole Laible (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI World Equal Weighted NR USD index with a weighting of 100%. Domini Sustainable Solutions Inv has 58 securities in its portfolio. The top 10 holdings constitute 29.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Domini Sustainable Solutions Inv is part of the Equity global asset class and is within the International Equity fund group. Domini Sustainable Solutions Inv has 43.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 51.4%. There is 43.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Domini Sustainable Solutions Inv has 5.4% of the portfolio in cash.
Assets Under Management
The fund has $39 million in total assets, which is below the $865 million average for the Global Small/Mid Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CAREX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Domini Sustainable Solutions Inv expense ratio is high compared to funds in the Global Small/Mid Stock category. Domini Sustainable Solutions Inv has an expense ratio of 1.30%, which is 4% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Domini Sustainable Solutions Inv has a portfolio turnover rate of 64%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Global Small/Mid Stock category.
Recently, in the month of June 2026, Domini Sustainable Solutions Inv returned 2.8%, which earned it a grade of B, as the Global Small/Mid Stock category had an average return of 1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Domini Sustainable Solutions Inv has a trailing yield of 0.03%, which is below the 1.34% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Domini Sustainable Solutions Inv Grades
Year to date, the fund has returned 22.6%, 9.3 percentage points better than the category, which translates into a grade of A. The fund has returned 33.7% over the past year (grade of A), 17.6% over the past three years (grade of A) and 4.1% per year over the past five years (grade of B).
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CAREX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CAREX Return (NAV) | 2.8% | 19.3% | 33.7% | 17.6% | 4.1% | na |
| CAREX Grade | B | A | A | A | B | na |
| +/- Category | 1.6% | 6.0% | 13.9% | 6.0% | 0.7% | na |
| Global Small/Mid Stock Avg | 1.2% | 13.3% | 19.8% | 11.6% | 3.4% | 9.0% |
| CAREX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.2% | na |
CAREX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CAREX Return (NAV) | 22.6% | 13.7% | 10.0% | 13.2% | -27.2% | -6.5% | na | na | na | na | na |
| CAREX Grade | A | C | A | D | C | F | na | na | na | na | na |
| +/- Category | 9.3% | -0.5% | 7.1% | -3.3% | -4.8% | -22.6% | na | na | na | na | na |
| Global Small/Mid Stock Avg | 13.3% | 14.2% | 2.9% | 16.5% | -22.4% | 16.1% | 27.6% | 27.6% | -14.0% | 26.0% | 7.8% |
| Risk Measures | |
| Standard Deviation: | 14.4% |
| Total Risk Index: | 1.18 - Above Average |
| Category Risk Index: | 0.86 - Low |
| Category Risk Grade: | A (18% Rank) |
| Beta: | 1.04 |
| R-Squared: | 83% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $56 Mil |
| Fund Total Assets: | $ 40 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 64% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 6.3 years | |||
| Average Tenure: 4.2 years | |||
| Managers (Year): Finocchi Michael (2020), Thornton Amy (2020), Laible Carole (2020), Morgan Kathleen (2024), Llerena Maria (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 58 |
| % in Top 10 Holdings: | 29.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 43.3% |
Portfolio Allocation |
|
| Domestic Stock: | 51.4% |
| Foreign Stock: | 43.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.4% |
Purchase Information
| Fund Family: | Domini |
| Phone Number: | 800-582-6757 |
| Website: | www.domini.com |
| Status: | Open |
| Inception Date: | April 1, 2020 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.30% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.26% |
| Share Class: | Domini Sustainable Solutions Ins |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
