Exhibit h(7)
Domini Social Investments LLC
000 Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
September 1, 2005
Domini Social Investment Trust
000 Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Expense Limitation Agreement
Ladies and Gentlemen:
Domini Social Investments LLC currently provides oversight and
administrative and management services to Domini Social Investment Trust (the
"Trust"), a Massachusetts business trust. We hereby agree with the Trust that we
will waive expenses payable to us by the Trust's series designated Domini
European Social Equity Fund (the "Fund") or will reimburse the Fund for all
expenses payable by the Fund to the extent necessary so that the Fund's
aggregate expenses (excluding brokerage fees and commissions, interest, taxes,
and other extraordinary expenses), net of waivers and reimbursements, would not
exceed, on a per annum basis, 1.60% of that Fund's average daily net assets.
The agreement in this letter shall take effect on September 30, 2005,
and shall remain in effect until September 30, 2006, absent an earlier
modification by the Board of Trustees, which oversees the Fund.
Please sign below to confirm your agreement with the terms of this
letter.
Sincerely,
Domini Social Investments LLC
By: /s/ Xxx X. Xxxxxx
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Title: Chief Executive Officer
Agreed:
Domini Social Investment Trust
By: /s/ Xxxxxx X. Xxxxxx
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Title: Treasurer
