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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21864
WisdomTree Trust
(Exact name of registrant as specified in charter)
245 Park Avenue, 35th Floor
New York, NY 10167
(Address of principal executive offices) (Zip code)
The Corporation Trust Company
1209 Orange Street
Wilmington, DE 19801
(Name and address of agent for service)
Registrant’s telephone number, including area code: (866) 909-9473
Date of fiscal year end: June 30
Date of reporting period: June 30, 2016
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
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Item 1. Reports to Stockholders.
The Report to Shareholders is attached herewith.
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WisdomTree Trust
Annual Report
June 30, 2016
International Equity ETFs:
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
WisdomTree Emerging Markets Dividend Fund (DVEM)
WisdomTree Europe Local Recovery Fund (EZR)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
WisdomTree Global SmallCap Dividend Fund (GSD)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
U.S. Equity ETFs:
WisdomTree Strong Dollar U.S. Equity Fund (USSD)
WisdomTree Weak Dollar U.S. Equity Fund (USWD)
Fixed Income ETFs:
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
Alternative ETFs:
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
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WisdomTree Dynamic Currency Hedged International Equity Fund | 29 | |||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 39 | |||
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57 | ||||
65 | ||||
68 | ||||
72 | ||||
79 | ||||
81 | ||||
85 | ||||
88 | ||||
89 | ||||
90 | ||||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 91 | |||
92 | ||||
95 | ||||
97 | ||||
101 | ||||
105 | ||||
109 | ||||
118 | ||||
135 | ||||
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) | 136 | |||
139 | ||||
141 | ||||
144 |
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
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Management’s Discussion of Funds’ Performance
(unaudited)
Market Environment Overview
The U.S. equity market, as measured by the S&P 500® Index, returned 3.99% for the 12-month period ended June 30, 2016 (the “period”). While the U.S. equity market return for the period was positive, it was marked by several bouts of volatility. First was in late August and early September of 2015 on fears of a hard landing from China, second was January and February of 2016 on fears of a recession in the U.S. and disappointment from foreign central banks, and third was a result of Britain voting to leave the European Union in late June of 2016. Even though the first two periods had pull backs of over 10% and the last at around 7%, the S&P 500® Index rebounded each instance and finished the period near its all time high.
The international developed market, as measured by the MSCI EAFE Index, returned -10.19% in local currency terms and -10.16% in U.S. dollar terms. The small difference between the local currency and U.S. dollar returns masks the volatility in the foreign exchange markets tied to different central bank agendas around the world. In December, the Federal Reserve (Fed) raised interest rates for the first time since before the 08’ financial crisis, and was expected to hike another 2 to 4 times, but by the end of the period those expectations have been muted to expect no hike for the remaining 2016 calendar year. The European Central Bank (ECB) and Bank of Japan (BOJ) both took further measures throughout the period to stimulate growth in their respective domiciles by implementing Negative Interest Rate Policies (NIRP) and expectations are for them to continue with their aggressive easing policies. With continued easing from central banks and renewed concerns over global growth over the period, global bond yields continued to fall further from historic lows.
Emerging markets, as measured by the MSCI Emerging Markets Index, returned -12.06% over the period. Although the MSCI Emerging Markets Index has rebounded 6.41% over the past six months, it wasn’t enough to erase the damage done from fears of a Chinese slowdown and potential currency devaluation in the second half of 2015. Also, pressure from falling oil prices and the first Fed rate hike in almost a decade, weighed on emerging market equities in the second half of 2015.
WisdomTree Funds’ Performance Overview
The following table reflects the WisdomTree Funds’ performance (excluding those with less than six months of operating history) versus their capitalization-weighted benchmark indexes:
Ticker | WisdomTree Fund | Since Inception NAV Return | Performance Benchmark | Since WT Fund Inception Return | Difference | |||||||
EZR | WisdomTree Europe Local Recovery Fund1 | -13.76% | MSCI European Economic and Monetary Union (EMU) Index | -10.66% | -3.10% | |||||||
HGSD | WisdomTree Global Hedged SmallCap Dividend Fund2 | 4.20% | MSCI AC World Small Cap Local Currency Index | -0.87% | 5.07% | |||||||
GSD | WisdomTree Global SmallCap Dividend Fund3 | 8.71% | MSCI AC World Small Cap Index | 2.28% | 6.43% | |||||||
EMSD | WisdomTree Strong Dollar Emerging Markets Equity Fund1 | -2.88% | MSCI Emerging Markets Index | 0.19% | -3.07% | |||||||
USSD | WisdomTree Strong Dollar U.S. Equity Fund4 | 5.62% | S&P 500® Index | 1.16% | 4.46% | |||||||
USWD | WisdomTree Weak Dollar U.S. Equity Fund4 | -1.03% | S&P 500® Index | 1.16% | -2.19% | |||||||
DYB | WisdomTree Dynamic Bearish U.S. Equity Fund5 | 0.06% | S&P 500® Index | 2.84% | -2.78% | |||||||
S&P 500® Inverse Daily Index | -3.65% | 3.71% | ||||||||||
DYLS | WisdomTree Dynamic Long/Short U.S. Equity Fund5 | 6.88% | S&P 500® Index | 2.84% | 4.04% |
WisdomTree Trust Annual Report June 30, 2016 | 1 |
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Management’s Discussion of Funds’ Performance
(unaudited) (concluded)
1 | Total returns shown are for the period October 29, 2015 (commencement of operations) through June 30, 2016. |
2 | Total returns shown are for the period November 19, 2015 (commencement of operations) through June 30, 2016. |
3 | Total returns shown are for the period November 12, 2015 (commencement of operations) through June 30, 2016. |
4 | Total returns shown are for the period July 21, 2015 (commencement of operations) through June 30, 2016. |
5 | Total returns shown are for the period December 23, 2015 (commencement of operations) through June 30, 2016. |
Sources: WisdomTree, Bloomberg, as of 6/30/16
Two of the strongest relative performance advantages measured versus the requisite performance benchmarks came with respect to the WisdomTree Global SmallCap Dividend Fund (GSD) and WisdomTree Global Hedged SmallCap Dividend Fund (HGSD). This ultimately makes sense, in that both of these funds use a fundamentally weighted approach by focusing on dividend paying small caps, which have tended to historically do well during times of falling interest rates and higher volatility.
Two other strong relative performers since their respective inception were the WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS) and WisdomTree Dynamic Bearish U.S. Equity Fund (DYB). These funds apply a dynamic market hedge on a monthly basis determined by growth and value characteristics of the U.S. market. As a result of the quantitative signal, DYLS was hedged during the first two months of the 2016 year, which enabled it remain flat as the S&P 500® Index fell, helping drive the outperformance since inception. Also, as a result of the dynamic hedge, DYB was able to switch from a net short position during the first quarter to slight net long position in the second quarter, limiting the negative impact from being short the market and enabling it to outperform the S&P 500® Inverse Daily Index since inception.
WisdomTree Strong Dollar U.S. Equity Fund (USSD) was able to outperform its performance benchmark, the S&P 500® Index, by 4.46% over the period. By focusing on companies that generate at least 80% of their revenue from within the U.S., USSD was able to tilt towards Telecommunications, Utilities and Real Estate companies which benefited from a decline in interest rates and their revenue being more domestically focused. The WisdomTree Weak Dollar U.S. Equity Fund (USWD) underperformed its performance benchmark over the period, primarily as a result of the fund focusing on companies generating more than 40% of their revenue from outside the U.S., leaving the
fund susceptible to currency volatility and negative sentiment surrounding global growth. The WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD) underperformed its performance benchmark, the MSCI Emerging Markets Index, since inception due to its avoidance of the Energy and Materials sectors, which staged a rally during the first half of 2016.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 20 and 21 for the list of index descriptions.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.
2 | WisdomTree Trust Annual Report June 30, 2016 |
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Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Financials | 22.9% | |||
Industrials | 13.0% | |||
Consumer Discretionary | 12.6% | |||
Consumer Staples | 11.3% | |||
Utilities | 10.4% | |||
Energy | 7.5% | |||
Telecommunication Services | 6.8% | |||
Materials | 6.3% | |||
Healthcare | 5.0% | |||
Information Technology | 3.8% | |||
Other Assets less Liabilities‡ | 0.4% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Anheuser-Busch InBev N.V. | 4.5% | |||
TOTAL S.A. | 3.0% | |||
Telefonica S.A. | 2.7% | |||
Eni SpA | 2.3% | |||
Daimler AG, Registered Shares | 2.3% | |||
Siemens AG, Registered Shares | 2.3% | |||
BASF SE | 1.9% | |||
Allianz SE, Registered Shares | 1.9% | |||
Sanofi | 1.9% | |||
Banco Santander S.A. | 1.8% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Dynamic Currency Hedged Europe Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Europe Equity Index.
The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.
WisdomTree Trust Annual Report June 30, 2016 | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Financials | 23.7% | |||
Industrials | 11.8% | |||
Consumer Discretionary | 11.6% | |||
Consumer Staples | 10.7% | |||
Healthcare | 9.0% | |||
Energy | 8.9% | |||
Telecommunication Services | 8.3% | |||
Materials | 5.9% | |||
Utilities | 5.7% | |||
Information Technology | 3.6% | |||
Other Assets less Liabilities‡ | 0.8% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
BP PLC | 1.7% | |||
Royal Dutch Shell PLC, Class A | 1.6% | |||
Nestle S.A., Registered Shares | 1.6% | |||
China Mobile Ltd. | 1.5% | |||
GlaxoSmithKline PLC | 1.5% | |||
HSBC Holdings PLC | 1.4% | |||
TOTAL S.A. | 1.4% | |||
Novartis AG, Registered Shares | 1.4% | |||
Roche Holding AG, Genusschein | 1.4% | |||
Toyota Motor Corp. | 1.4% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Dynamic Currency Hedged International Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Equity Index.
The Fund had less than six months of operating history at the end of the reporting
period and therefore no comparative performance information is shown in this
shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.
4 | WisdomTree Trust Annual Report June 30, 2016 |
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Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Industrials | 24.1% | |||
Consumer Discretionary | 20.3% | |||
Financials | 19.2% | |||
Materials | 9.4% | |||
Information Technology | 8.3% | |||
Consumer Staples | 5.8% | |||
Healthcare | 4.5% | |||
Energy | 3.8% | |||
Utilities | 2.6% | |||
Telecommunication Services | 1.6% | |||
Other Assets less Liabilities‡ | 0.4% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Saras SpA | 0.6% | |||
Euronav N.V. | 0.6% | |||
Navigator Co. S.A. (The) | 0.6% | |||
Air New Zealand Ltd. | 0.5% | |||
Television Broadcasts Ltd. | 0.5% | |||
Austevoll Seafood ASA | 0.5% | |||
UNIQA Insurance Group AG | 0.5% | |||
IOOF Holdings Ltd. | 0.4% | |||
Genworth Mortgage Insurance Australia Ltd. | 0.4% | |||
Genesis Energy Ltd. | 0.4% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index.
The Fund had less than six months of operating history at the end of the reporting
period and therefore no comparative performance information is shown in this
shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.
WisdomTree Trust Annual Report June 30, 2016 | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Consumer Discretionary | 21.5% | |||
Industrials | 19.2% | |||
Financials | 17.9% | |||
Information Technology | 10.1% | |||
Telecommunication Services | 8.3% | |||
Consumer Staples | 7.9% | |||
Healthcare | 7.0% | |||
Materials | 5.8% | |||
Utilities | 1.4% | |||
Energy | 0.9% | |||
Other Assets less Liabilities‡ | 0.0% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Toyota Motor Corp. | 4.8% | |||
NTT DOCOMO, Inc. | 3.1% | |||
Nippon Telegraph & Telephone Corp. | 2.6% | |||
Japan Tobacco, Inc. | 2.4% | |||
Mitsubishi UFJ Financial Group, Inc. | 2.3% | |||
KDDI Corp. | 2.0% | |||
Canon, Inc. | 2.0% | |||
Sumitomo Mitsui Financial Group, Inc. | 2.0% | |||
Mizuho Financial Group, Inc. | 1.9% | |||
Nissan Motor Co., Ltd. | 1.8% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Dynamic Currency Hedged Japan Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Japan Equity Index.
The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.
6 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets Dividend Fund (DVEM)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Financials | 23.6% | |||
Information Technology | 14.1% | |||
Telecommunication Services | 12.7% | |||
Energy | 11.4% | |||
Materials | 9.3% | |||
Consumer Staples | 9.2% | |||
Consumer Discretionary | 6.8% | |||
Industrials | 6.1% | |||
Utilities | 5.0% | |||
Healthcare | 0.9% | |||
Other Assets less Liabilities‡ | 0.9% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
China Mobile Ltd. | 3.8% | |||
China Construction Bank Corp., Class H | 3.8% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 2.8% | |||
Ambev S.A. | 2.3% | |||
Samsung Electronics Co., Ltd. | 1.9% | |||
CNOOC Ltd. | 1.7% | |||
Gazprom PJSC, ADR | 1.6% | |||
Lukoil PJSC, ADR | 1.4% | |||
MMC Norilsk Nickel PJSC, ADR | 1.4% | |||
Wal-Mart de Mexico S.A.B. de C.V. | 1.1% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Emerging Markets Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Index.
The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.
WisdomTree Trust Annual Report June 30, 2016 | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe Local Recovery Fund (EZR)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Financials | 32.6% | |||
Industrials | 24.7% | |||
Consumer Discretionary | 21.6% | |||
Materials | 8.3% | |||
Information Technology | 6.8% | |||
Energy | 5.7% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
TOTAL S.A. | 2.4% | |||
BASF SE | 1.7% | |||
Allianz SE, Registered Shares | 1.6% | |||
BNP Paribas S.A. | 1.3% | |||
Vinci S.A. | 1.1% | |||
Eni SpA | 1.1% | |||
AXA S.A. | 1.1% | |||
ING Groep N.V., CVA | 1.1% | |||
Deutsche Post AG, Registered Shares | 0.9% | |||
Industria de Diseno Textil S.A. | 0.9% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Local Recovery Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Local Recovery Index.
The Fund returned -13.76% at net asset value (“NAV”) from Fund inception on October 29, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in Finland. The Fund’s position in Italy created the greatest drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated October 23, 2015, the Fund’s net and gross annual expense ratios were 0.48% and 0.58%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/16
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | -13.76 | % | ||
Fund Market Price Returns | -13.28 | % | ||
WisdomTree Europe Local Recovery Index | -13.88 | % | ||
MSCI European Economic and Monetary Union (EMU) Index | -10.66 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on October 29, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
8 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Financials | 26.4% | |||
Industrials | 19.2% | |||
Consumer Discretionary | 14.1% | |||
Materials | 10.7% | |||
Information Technology | 7.8% | |||
Utilities | 7.7% | |||
Consumer Staples | 5.5% | |||
Energy | 3.0% | |||
Healthcare | 2.9% | |||
Telecommunication Services | 2.3% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% |
† | The sector information shown is that of the Underlying Fund. The Underlying Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets of the Underlying Fund includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Gramercy Property Trust | 1.0% | |||
DuPont Fabros Technology, Inc. | 0.9% | |||
Select Income REIT | 0.9% | |||
Lexmark International, Inc., Class A | 0.8% | |||
Government Properties Income Trust | 0.8% | |||
Joy Global, Inc. | 0.8% | |||
Consolidated Communications Holdings, Inc. | 0.7% | |||
Pattern Energy Group, Inc. | 0.7% | |||
Cogent Communications Holdings, Inc. | 0.7% | |||
Olin Corp. | 0.7% |
* | The ten largest holdings shown is that of the Underlying Fund and are subject to change, and there are no guarantees the Underlying Fund will remain invested in any particular company. Excludes Underlying Fund’s investment of cash collateral for securities on loan (if any). |
The WisdomTree Global Hedged SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global Hedged SmallCap Dividend Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index (including indirect investments through the WisdomTree Global SmallCap Dividend Fund (the “Underlying Fund”)) whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole.
The Fund returned 4.20% at net asset value (“NAV”) from Fund inception on November 19, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most form its position in the United States of America. The Fund’s position in the United Kingdom created the greatest drag on performance. During the fiscal period, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities held in the Underlying Fund. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the overall depreciation in the U.S. dollar against applicable international currencies during the period.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 6, 2015, the Fund’s net and gross annual expense ratios were 0.43% and 0.86%, respectively. The prospectus expense ratio includes 0.43% of acquired fund fees and expenses (“AFFEs”). The prospectus expense ratio may not correlate to the expense ratio in the Fund’s financial highlights and financial statements because the financial highlights and financial statements reflect only the operating expenses of the Fund and do not include AFFEs, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies. WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund through July 31, 2018, unless earlier terminated by the Board of Trustees of WisdomTree Trust for any reason at any time.
Performance as of 6/30/16
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | 4.20 | % | ||
Fund Market Price Returns | 4.91 | % | ||
WisdomTree Global Hedged SmallCap Dividend Index | 5.09 | % | ||
MSCI AC World Small Cap Local Currency Index | -0.87 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on November 19, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
WisdomTree Trust Annual Report June 30, 2016 | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global SmallCap Dividend Fund (GSD)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Financials | 26.4% | |||
Industrials | 19.2% | |||
Consumer Discretionary | 14.1% | |||
Materials | 10.7% | |||
Information Technology | 7.8% | |||
Utilities | 7.7% | |||
Consumer Staples | 5.5% | |||
Energy | 3.0% | |||
Healthcare | 2.9% | |||
Telecommunication Services | 2.3% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Gramercy Property Trust | 1.0% | |||
DuPont Fabros Technology, Inc. | 0.9% | |||
Select Income REIT | 0.9% | |||
Lexmark International, Inc., Class A | 0.8% | |||
Government Properties Income Trust | 0.8% | |||
Joy Global, Inc. | 0.8% | |||
Consolidated Communications Holdings, Inc. | 0.7% | |||
Pattern Energy Group, Inc. | 0.7% | |||
Cogent Communications Holdings, Inc. | 0.7% | |||
Olin Corp. | 0.7% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Global SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global SmallCap Dividend Index.
The Fund returned 8.71% at net asset value (“NAV”) from Fund inception on November 12, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the United States of America. The Fund’s positon in the United Kingdom created the greatest drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated October 30, 2015, the Fund’s annual expense ratio was 0.43%.
Performance as of 6/30/16
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | 8.71 | % | ||
Fund Market Price Returns | 8.85 | % | ||
WisdomTree Global SmallCap Dividend Index | 8.85 | % | ||
MSCI AC World Small Cap Index | 2.28 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on November 12, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
10 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Information Technology | 38.5% | |||
Consumer Discretionary | 21.9% | |||
Industrials | 17.7% | |||
Healthcare | 14.1% | |||
Consumer Staples | 7.6% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Samsung Electronics Co., Ltd. | 6.1% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 4.0% | |||
Hyundai Motor Co. | 2.2% | |||
Hon Hai Precision Industry Co., Ltd. | 1.8% | |||
Hankook Tire Co., Ltd. | 1.5% | |||
Kia Motors Corp. | 1.4% | |||
Gruma S.A.B. de C.V., Class B | 1.3% | |||
Pou Chen Corp. | 1.3% | |||
Cadila Healthcare Ltd. | 1.3% | |||
Tong Yang Industry Co., Ltd. | 1.3% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Strong Dollar Emerging Markets Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Strong Dollar Emerging Markets Equity Index.
The Fund returned -2.88% at net asset value (“NAV”) from Fund inception on October 29, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in Taiwan. The Fund’s position in South Korea created the greatest drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated October 23, 2015, the Fund’s annual expense ratio was 0.58%.
Performance as of 6/30/16
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | -2.88 | % | ||
Fund Market Price Returns | -2.14 | % | ||
WisdomTree Strong Dollar Emerging Markets Equity Index | -3.06 | % | ||
MSCI Emerging Markets Index | 0.19 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on October 29, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
WisdomTree Trust Annual Report June 30, 2016 | 11 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Strong Dollar U.S. Equity Fund (USSD)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Financials | 25.6% | |||
Consumer Discretionary | 20.4% | |||
Utilities | 13.0% | |||
Healthcare | 11.6% | |||
Consumer Staples | 9.8% | |||
Industrials | 9.5% | |||
Telecommunication Services | 5.8% | |||
Information Technology | 5.1% | |||
Other Assets less Liabilities‡ | -0.8% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
AT&T, Inc. | 1.6% | |||
Verizon Communications, Inc. | 1.5% | |||
Home Depot, Inc. (The) | 1.2% | |||
Comcast Corp., Class A | 1.2% | |||
Wells Fargo & Co. | 1.1% | |||
Altria Group, Inc. | 1.1% | |||
Charter Communications, Inc., Class A | 1.0% | |||
UnitedHealth Group, Inc. | 1.0% | |||
CVS Health Corp. | 0.9% | |||
Medivation, Inc. | 0.8% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Strong Dollar U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Strong Dollar U.S. Equity Index.
The Fund returned 5.62% at net asset value (“NAV”) from Fund inception on July 21, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the Utilities sector. The Fund’s position in the Healthcare sector created the greatest drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated July 16, 2015, the Fund’s annual expense ratio was 0.33%.
Performance as of 6/30/16
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | 5.62 | % | ||
Fund Market Price Returns | 5.32 | % | ||
WisdomTree Strong Dollar U.S. Equity Index | 5.33 | % | ||
S&P 500® Index | 1.16 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
12 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Weak Dollar U.S. Equity Fund (USWD)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Information Technology | 24.8% | |||
Healthcare | 14.6% | |||
Industrials | 14.2% | |||
Materials | 12.0% | |||
Consumer Discretionary | 11.0% | |||
Consumer Staples | 9.6% | |||
Financials | 6.6% | |||
Energy | 6.4% | |||
Utilities | 0.7% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Exxon Mobil Corp. | 1.6% | |||
Apple, Inc. | 1.6% | |||
Johnson & Johnson | 1.5% | |||
Microsoft Corp. | 1.3% | |||
General Electric Co. | 1.1% | |||
Procter & Gamble Co. (The) | 1.1% | |||
Philip Morris International, Inc. | 1.1% | |||
Chevron Corp. | 1.1% | |||
Coca-Cola Co. (The) | 1.1% | |||
PepsiCo, Inc. | 1.0% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Weak Dollar U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Weak Dollar U.S. Equity Index.
The Fund returned -1.03% at net asset value (“NAV”) from Fund inception on July 21, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the Consumer Staples sector. The Fund’s position in the Healthcare sector created the greatest drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated July 16, 2015, the Fund’s annual expense ratio was 0.33%.
Performance as of 6/30/16
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | -1.03 | % | ||
Fund Market Price Returns | -1.31 | % | ||
WisdomTree Weak Dollar U.S. Equity Index | -1.36 | % | ||
S&P 500® Index | 1.16 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
WisdomTree Trust Annual Report June 30, 2016 | 13 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Financials | 23.5% | |||
Healthcare | 17.1% | |||
Consumer Discretionary | 14.7% | |||
Industrials | 10.3% | |||
Telecommunication Services | 8.0% | |||
Energy | 7.8% | |||
Consumer Staples | 7.3% | |||
Information Technology | 6.5% | |||
Utilities | 1.8% | |||
Materials | 1.8% | |||
Other Assets less Liabilities‡ | 1.2% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Time Warner, Inc., 3.60%, 7/15/25 | 3.3% | |||
Home Depot, Inc. (The), 2.25%, 9/10/18 | 3.2% | |||
Becton Dickinson and Co., 1.80%, 12/15/17 | 3.2% | |||
Morgan Stanley, 4.88%, 11/1/22 | 3.2% | |||
Dow Chemical Co. (The), 4.13%, 11/15/21 | 3.2% | |||
Verizon Communications, Inc., 4.40%, 11/1/34 | 3.2% | |||
Wachovia Corp., 5.75%, 2/1/18 | 3.2% | |||
Bear Stearns Cos. LLC (The), 6.40%, 10/2/17 | 3.1% | |||
Citigroup, Inc., 5.50%, 9/13/25 | 3.0% | |||
Halliburton Co., 3.50%, 8/1/23 | 2.9% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Fundamental U.S. Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Corporate Bond Index.
The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.
14 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Healthcare | 18.3% | |||
Consumer Discretionary | 17.5% | |||
Telecommunication Services | 11.7% | |||
Information Technology | 10.6% | |||
Industrials | 9.6% | |||
Materials | 8.1% | |||
Utilities | 7.1% | |||
Consumer Staples | 6.1% | |||
Financials | 5.9% | |||
Energy | 2.1% | |||
Other Assets less Liabilities‡ | 3.0% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Alcoa, Inc., | 3.1% | |||
MGM Resorts International, | 3.1% | |||
L Brands, Inc., | 3.0% | |||
Community Health Systems, Inc., | 3.0% | |||
Centene Corp., | 3.0% | |||
HCA, Inc., | 3.0% | |||
AmeriGas Finance LLC, | 3.0% | |||
First Data Corp., | 2.9% | |||
Cablevision Systems Corp., | 2.9% | |||
CenturyLink, Inc., | 2.8% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. High Yield Corporate Bond Index.
The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.
WisdomTree Trust Annual Report June 30, 2016 | 15 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Financials | 35.0% | |||
Healthcare | 18.6% | |||
Consumer Staples | 12.9% | |||
Information Technology | 8.9% | |||
Industrials | 8.1% | |||
Telecommunication Services | 7.3% | |||
Energy | 4.3% | |||
Materials | 2.0% | |||
Utilities | 1.5% | |||
Consumer Discretionary | 0.4% | |||
Other Assets less Liabilities‡ | 1.0% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
AbbVie, Inc., | 6.0% | |||
HSBC USA, Inc., | 3.2% | |||
Lockheed Martin Corp., | 3.2% | |||
United Technologies Corp., | 3.2% | |||
International Business Machines Corp., | 3.2% | |||
AT&T, Inc., | 3.2% | |||
Verizon Communications, Inc., | 3.0% | |||
American Express Credit Corp., | 2.9% | |||
Stryker Corp., | 2.9% | |||
Bank of America Corp., | 2.7% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-term Corporate Bond Index.
The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.
16 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Consumer Discretionary | 17.1% | |||
Financials | 16.6% | |||
Healthcare | 15.0% | |||
Telecommunication Services | 14.8% | |||
Industrials | 13.1% | |||
Materials | 9.7% | |||
Consumer Staples | 6.9% | |||
Energy | 3.0% | |||
Other Assets less Liabilities‡ | 3.8% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Alcoa, Inc., | 3.0% | |||
Frontier Communications Corp., | 3.0% | |||
TransDigm, Inc., | 3.0% | |||
DCP Midstream Operating L.P., | 3.0% | |||
Gray Television, Inc., | 3.0% | |||
CNH Industrial Capital LLC, | 3.0% | |||
HCA, Inc., | 3.0% | |||
Nationstar Mortgage LLC, | 3.0% | |||
T-Mobile USA, Inc., | 3.0% | |||
Centene Corp., | 3.0% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-term High Yield Corporate Bond Index.
The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.
WisdomTree Trust Annual Report June 30, 2016 | 17 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Information Technology | 20.5% | |||
Financials | 17.3% | |||
Consumer Discretionary | 13.1% | |||
Healthcare | 13.0% | |||
Industrials | 11.5% | |||
Consumer Staples | 9.7% | |||
Energy | 6.9% | |||
Utilities | 3.0% | |||
Telecommunication Services | 2.7% | |||
Materials | 2.0% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Cirrus Logic, Inc. | 3.4% | |||
Spectra Energy Corp. | 3.1% | |||
Clorox Co. (The) | 2.5% | |||
Kimco Realty Corp. | 2.4% | |||
MEDNAX, Inc. | 2.4% | |||
C.H. Robinson Worldwide, Inc. | 2.3% | |||
UGI Corp. | 2.1% | |||
Lockheed Martin Corp. | 2.0% | |||
Alere, Inc. | 1.7% | |||
Duke Realty Corp. | 1.6% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Dynamic Bearish U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Bearish U.S. Equity Index.
The Fund returned 0.06% at net asset value (“NAV”) from Fund inception on December 23, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the Financials sector. The Fund’s position in the Consumer Discretionary sector created the greatest drag on performance. During the fiscal period, the Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. The Fund’s use of total return swap contracts detracted from performance as a result of the overall positive performance of the S&P 500 Index during the period which conversely generated net losses on the Fund’s total return swap contracts.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated December 10, 2015, the Fund’s net and gross annual expense ratios were 0.48% and 0.53%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through December 10, 2016, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/16
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | 0.06 | % | ||
Fund Market Price Returns | -0.02 | % | ||
WisdomTree Dynamic Bearish U.S. Equity Index | 0.26 | % | ||
S&P 500® Index | 2.84 | % | ||
S&P 500® Inverse Daily Index | -3.65 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on December 23, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
18 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
Sector Breakdown† as of 6/30/16
Sector | % of Net Assets | |||
Information Technology | 20.5% | |||
Financials | 17.4% | |||
Consumer Discretionary | 13.1% | |||
Healthcare | 13.0% | |||
Industrials | 11.5% | |||
Consumer Staples | 9.8% | |||
Energy | 6.9% | |||
Utilities | 3.0% | |||
Telecommunication Services | 2.7% | |||
Materials | 2.0% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 6/30/16
Description | % of Net Assets | |||
Cirrus Logic, Inc. | 3.4% | |||
Spectra Energy Corp. | 3.1% | |||
Clorox Co. (The) | 2.5% | |||
Kimco Realty Corp. | 2.4% | |||
MEDNAX, Inc. | 2.4% | |||
C.H. Robinson Worldwide, Inc. | 2.3% | |||
UGI Corp. | 2.1% | |||
Lockheed Martin Corp. | 2.0% | |||
Alere, Inc. | 1.7% | |||
Duke Realty Corp. | 1.6% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any). |
The WisdomTree Dynamic Long/Short U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Long/Short U.S. Equity Index.
The Fund returned 6.88% at net asset value (“NAV”) from Fund inception on December 23, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the Consumer Staples sector. The Fund’s position in the Energy sector created the greatest drag on performance. During the fiscal period, the Fund utilized total return swap contracts to periodically obtain short exposure to the S&P 500 Index. The Fund’s use of total return swap contracts contributed positively to performance as a result of the overall negative performance of the S&P 500 Index during the period(s) in which the Fund had short exposure to the S&P 500 Index.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated December 10, 2015, the Fund’s net and gross annual expense ratios were 0.48% and 0.53%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through December 10, 2016, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/16
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | 6.88 | % | ||
Fund Market Price Returns | 6.68 | % | ||
WisdomTree Dynamic Long/Short U.S. Equity Index | 7.32 | % | ||
S&P 500® Index | 2.84 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on December 23, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
WisdomTree Trust Annual Report June 30, 2016 | 19 |
Table of Contents
Description of Indexes (unaudited)
Below are descriptions of each Index referenced in this report:
The MSCI AC World Small Cap Index is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of developed and emerging markets, specifically focusing on the small-cap segment of these equity markets.
The MSCI AC World Small Cap Local Currency Index is a free float-adjusted market capitalization-weighted index designed to measure the equity market performance of developed and emerging markets, specifically focusing on the small-cap segment of these equity markets, in local currency.
The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance.
The MSCI European Economic and Monetary Union (EMU) Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of countries within the EMU.
The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by Standard & Poor’s Index Committee, designed to represent the performance of the leading industries in the United States economy.
The S&P 500® Inverse Daily Index provides inverse (positive or negative) returns of the S&P 500 by taking a short position in the Index.
The WisdomTree Dynamic Bearish U.S. Equity Index includes long equity positions or long U.S. Treasury positions and short equity positions. The long equity positions consist of approximately 100 U.S. large- and mid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. The short equity positions include the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge.
The WisdomTree Dynamic Long/Short U.S. Equity Index includes long equity positions and short equity positions. The long equity positions consist of approximately 100 U.S. large- and mid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. The short equity positions include the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge.
The WisdomTree Europe Local Recovery Index is designed to provide exposure to European companies that are most sensitive to economic growth prospects in the Eurozone and that derive more than 50% of their revenue from Europe.
The WisdomTree Global Hedged SmallCap Dividend Index is a fundamentally weighted index that measures the performance of 1000 largest small capitalization companies that rank within the bottom 5% of the WisdomTree Global Dividend Index by market capitalization and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar.
The WisdomTree Global SmallCap Dividend Index is a fundamentally weighted index that measures the performance of 1000 largest small capitalization companies that rank within the bottom 5% of the WisdomTree Global Dividend Index by market capitalization.
The WisdomTree Strong Dollar Emerging Markets Equity Index measures the performance of emerging market companies that derive more than 15% of their revenue from the United States.
The WisdomTree Strong Dollar U.S. Equity Index measures the performance of U.S. based companies that derive more than 80% of their revenue from the United States.
The WisdomTree Weak Dollar U.S. Equity Index measures the performance of U.S. based companies that derive less than 60% of their revenue from the United States.
20 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Description of Indexes (unaudited) (concluded)
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
Index performance information assumes the reinvestment of net dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
WisdomTree Trust Annual Report June 30, 2016 | 21 |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of cost: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from January 1, 2016 to June 30, 2016.
Actual expenses
The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 1/1/16 to 6/30/16” to estimate the expenses you paid on your account during the period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
22 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Shareholder Expense Examples (unaudited) (continued)
Beginning Account Value 1/1/16 | Ending Account Value 6/30/16 | Annualized Expense Ratio Based on the Period‡ 1/1/16 to 6/30/16 | Expenses Paid During the Period† 1/1/16 to 6/30/16 | |||||||||||||
WisdomTree Dynamic Currency Hedged Europe Equity Fund | ||||||||||||||||
Actual1 | $ | 1,000.00 | $ | 981.90 | 0.43 | %1 | $ | 2.05 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.73 | 0.43 | %1 | $ | 2.16 | ||||||||
WisdomTree Dynamic Currency Hedged International Equity Fund | ||||||||||||||||
Actual2 | $ | 1,000.00 | $ | 1,018.20 | 0.35 | %2 | $ | 1.70 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.12 | 0.35 | %2 | $ | 1.76 | ||||||||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||
Actual1 | $ | 1,000.00 | $ | 1,003.60 | 0.43 | %1 | $ | 2.07 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.73 | 0.43 | %1 | $ | 2.16 | ||||||||
WisdomTree Dynamic Currency Hedged Japan Equity Fund | ||||||||||||||||
Actual1 | $ | 1,000.00 | $ | 920.00 | 0.43 | %1 | $ | 1.99 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.73 | 0.43 | %1 | $ | 2.16 | ||||||||
WisdomTree Emerging Markets Dividend Fund | ||||||||||||||||
Actual3 | $ | 1,000.00 | $ | 1,050.10 | 0.32 | % | $ | 0.76 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.27 | 0.32 | % | $ | 1.61 | ||||||||
WisdomTree Europe Local Recovery Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 866.00 | 0.48 | %4 | $ | 2.23 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.48 | 0.48 | %4 | $ | 2.41 | ||||||||
WisdomTree Global Hedged SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,053.50 | 0.00 | %5 | $ | 0.00 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.86 | 0.00 | %5 | $ | 0.00 | ||||||||
WisdomTree Global SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,085.30 | 0.43 | % | $ | 2.23 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.73 | 0.43 | % | $ | 2.16 | ||||||||
WisdomTree Strong Dollar Emerging Markets Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,009.30 | 0.58 | % | $ | 2.90 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,021.98 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Strong Dollar U.S. Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,072.50 | 0.33 | % | $ | 1.70 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.22 | 0.33 | % | $ | 1.66 | ||||||||
WisdomTree Weak Dollar U.S. Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,032.20 | 0.33 | % | $ | 1.67 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.22 | 0.33 | % | $ | 1.66 | ||||||||
WisdomTree Fundamental U.S. Corporate Bond Fund | ||||||||||||||||
Actual6 | $ | 1,000.00 | $ | 1,018.90 | 0.18 | %6 | $ | 0.32 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.97 | 0.18 | %6 | $ | 0.91 | ||||||||
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | ||||||||||||||||
Actual7 | $ | 1,000.00 | $ | 1,013.40 | 0.38 | %7 | $ | 0.68 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.97 | 0.38 | %7 | $ | 1.91 | ||||||||
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | ||||||||||||||||
Actual6 | $ | 1,000.00 | $ | 1,006.60 | 0.18 | %6 | $ | 0.32 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.97 | 0.18 | %6 | $ | 0.91 |
WisdomTree Trust Annual Report June 30, 2016 | 23 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
Beginning Account Value 1/1/16 | Ending Account Value 6/30/16 | Annualized Expense Ratio Based on the Period‡ 1/1/16 to 6/30/16 | Expenses Paid During the Period† 1/1/16 to 6/30/16 | |||||||||||||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | ||||||||||||||||
Actual7 | $ | 1,000.00 | $ | 1,017.30 | 0.38 | %7 | $ | 0.68 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.97 | 0.38 | %7 | $ | 1.91 | ||||||||
WisdomTree Dynamic Bearish U.S. Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 990.80 | 0.48 | %8 | $ | 2.38 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.48 | 0.48 | %8 | $ | 2.41 | ||||||||
WisdomTree Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,070.10 | 0.48 | %8 | $ | 2.47 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.48 | 0.48 | %8 | $ | 2.41 |
‡ | The annualized expense ratio does not include AFFEs, which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies. |
† | Unless otherwise indicated in the footnotes below, expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/366 (to reflect the one-half year period). |
1 | Fund commenced operations on January 7, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 176/366 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through January 5, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
2 | Fund commenced operations on January 7, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 176/366 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through January 5, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
3 | Fund commenced operations on April 7, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 85/366 (to reflect the period since commencement of operations). |
4 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
5 | WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund through July 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
6 | Fund commenced operations on April 27, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 65/366 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
7 | Fund commenced operations on April 27, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 65/366 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
8 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through December 10, 2016, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
24 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
Austria – 1.0% | ||||||||
Andritz AG | 153 | $ | 7,219 | |||||
Erste Group Bank AG* | 318 | 7,175 | ||||||
EVN AG | 241 | 2,747 | ||||||
Oesterreichische Post AG* | 128 | 4,125 | ||||||
OMV AG | 363 | 10,169 | ||||||
Telekom Austria AG* | 522 | 3,027 | ||||||
UNIQA Insurance Group AG | 402 | 2,400 | ||||||
Verbund AG | 312 | 4,405 | ||||||
Voestalpine AG | 215 | 7,170 | ||||||
|
| |||||||
Total Austria | 48,437 | |||||||
Belgium – 6.6% | ||||||||
Ackermans & van Haaren N.V. | 12 | 1,469 | ||||||
Ageas | 245 | 8,434 | ||||||
Anheuser-Busch InBev N.V. | 1,588 | 207,469 | ||||||
Bekaert S.A. | 100 | 4,329 | ||||||
bpost S.A. | 404 | 10,271 | ||||||
Cie d’Entreprises CFE | 39 | 3,543 | ||||||
Cofinimmo S.A. | 44 | 5,169 | ||||||
Colruyt S.A. | 152 | 8,371 | ||||||
D’ieteren S.A./N.V. | 64 | 2,761 | ||||||
Delhaize Group | 53 | 5,566 | ||||||
Elia System Operator S.A./N.V. | 79 | 4,416 | ||||||
Euronav N.V. | 597 | 5,468 | ||||||
Melexis N.V. | 40 | 2,502 | ||||||
Proximus SADP | 449 | 14,204 | ||||||
Solvay S.A. | 114 | 10,560 | ||||||
UCB S.A. | 53 | 3,957 | ||||||
Umicore S.A. | 112 | 5,757 | ||||||
Warehouses De Pauw | 27 | 2,527 | ||||||
|
| |||||||
Total Belgium | 306,773 | |||||||
Finland – 4.9% | ||||||||
Amer Sports Oyj | 50 | 1,364 | ||||||
Cargotec Oyj Class B | 48 | 1,942 | ||||||
Elisa Oyj | 204 | 7,796 | ||||||
Fortum Oyj | 2,210 | 35,306 | ||||||
Huhtamaki Oyj | 92 | 3,800 | ||||||
Kemira Oyj | 198 | 2,345 | ||||||
Kesko Oyj Class B | 124 | 5,251 | ||||||
Kone Oyj Class B | 544 | 24,930 | ||||||
Konecranes Oyj | 126 | 3,172 | ||||||
Metso Oyj | 244 | 5,701 | ||||||
Neste Oyj | 294 | 10,494 | ||||||
Nokia Oyj | 9,525 | 54,020 | ||||||
Nokian Renkaat Oyj | 195 | 6,939 | ||||||
Orion Oyj Class B | 168 | 6,495 | ||||||
Sampo Oyj Class A | 760 | 30,843 | ||||||
Stora Enso Oyj Class R | 521 | 4,156 | ||||||
Tieto Oyj | 74 | 2,017 | ||||||
UPM-Kymmene Oyj | 744 | 13,555 | ||||||
Valmet Oyj | 184 | 2,443 | ||||||
Wartsila Oyj Abp | 190 | 7,715 | ||||||
|
| |||||||
Total Finland | 230,284 | |||||||
France – 26.0% | ||||||||
Accor S.A. | 125 | 4,817 | ||||||
Aeroports de Paris | 59 | 6,491 | ||||||
Air Liquide S.A. | 186 | 19,436 | ||||||
Airbus Group SE | 616 | 35,401 | ||||||
Alten S.A. | 32 | 1,889 | ||||||
Amundi S.A.(a) | 206 | 8,571 | ||||||
Arkema S.A. | 56 | 4,297 | ||||||
Atos SE | 36 | 2,981 | ||||||
AXA S.A. | 2,183 | 43,181 | ||||||
BNP Paribas S.A. | 1,238 | 54,677 | ||||||
Bollore S.A. | 870 | 2,948 | ||||||
Bouygues S.A. | 231 | 6,654 | ||||||
Bureau Veritas S.A. | 284 | 5,996 | ||||||
Capgemini S.A. | 68 | 5,908 | ||||||
Carrefour S.A. | 276 | 6,810 | ||||||
Casino Guichard Perrachon S.A. | 143 | 7,978 | ||||||
Christian Dior SE | 103 | 16,569 | ||||||
Cie de Saint-Gobain | 387 | 14,770 | ||||||
Cie Generale des Etablissements Michelin | 128 | 12,117 | ||||||
CNP Assurances | 940 | 13,905 | ||||||
Coface S.A. | 384 | 2,607 | ||||||
Credit Agricole S.A. | 3,979 | 33,419 | ||||||
Danone S.A. | 376 | 26,487 | ||||||
Dassault Systemes | 64 | 4,855 | ||||||
Edenred | 271 | 5,568 | ||||||
Eiffage S.A. | 32 | 2,283 | ||||||
Electricite de France S.A. | 3,918 | 47,749 | ||||||
Engie S.A. | 3,229 | 52,051 | ||||||
Essilor International S.A. | 56 | 7,394 | ||||||
Euler Hermes Group | 94 | 7,859 | ||||||
Eurazeo S.A. | 57 | 3,388 | ||||||
Fonciere Des Regions | 42 | 3,733 | ||||||
Gaztransport Et Technigaz S.A. | 59 | 1,796 | ||||||
Groupe Eurotunnel SE Registered Shares | 127 | 1,347 | ||||||
Havas S.A. | 253 | 1,960 | ||||||
Hermes International | 29 | 10,856 | ||||||
ICADE | 76 | 5,376 | ||||||
Imerys S.A. | 64 | 4,090 | ||||||
JCDecaux S.A. | 92 | 3,106 | ||||||
Kering | 76 | 12,281 | ||||||
Klepierre | 243 | 10,758 | ||||||
L’Oreal S.A. | 247 | 47,198 | ||||||
Legrand S.A. | 122 | 6,277 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 259 | 39,132 | ||||||
Metropole Television S.A. | 188 | 3,133 | ||||||
Natixis S.A. | 5,441 | 20,606 | ||||||
Nexity S.A.* | 84 | 4,264 | ||||||
Orange S.A. | 2,110 | 34,353 | ||||||
Pernod Ricard S.A. | 85 | 9,453 | ||||||
Plastic Omnium S.A. | 49 | 1,377 | ||||||
Publicis Groupe S.A. | 122 | 8,204 | ||||||
Remy Cointreau S.A. | 28 | 2,410 | ||||||
Renault S.A. | 146 | 11,101 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 25 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
June 30, 2016
Investments | Shares | Value | ||||||
Rexel S.A.* | 276 | $ | 3,469 | |||||
Rubis SCA | 24 | 1,838 | ||||||
Safran S.A. | 200 | 13,536 | ||||||
Sanofi | 1,064 | 88,559 | ||||||
Schneider Electric SE | 480 | 28,295 | ||||||
SCOR SE | 291 | 8,672 | ||||||
SEB S.A. | 28 | 3,388 | ||||||
Societe BIC S.A. | 67 | 9,449 | ||||||
Societe Generale S.A. | 969 | 30,368 | ||||||
Sodexo S.A. | 84 | 9,030 | ||||||
SPIE S.A. | 128 | 2,299 | ||||||
Suez | 91 | 1,423 | ||||||
Tarkett S.A. | 52 | 1,702 | ||||||
Technip S.A. | 127 | 6,887 | ||||||
Teleperformance | 28 | 2,394 | ||||||
Television Francaise 1 | 210 | 2,230 | ||||||
Thales S.A. | 116 | 9,667 | ||||||
TOTAL S.A. | 2,935 | 141,446 | ||||||
Unibail-Rodamco SE | 73 | 18,949 | ||||||
Valeo S.A. | 98 | 4,369 | ||||||
Veolia Environnement S.A. | 205 | 4,434 | ||||||
Vicat S.A. | 45 | 2,545 | ||||||
Vinci S.A. | 387 | 27,383 | ||||||
Vivendi S.A. | 3,792 | 71,195 | ||||||
Wendel S.A. | 24 | 2,483 | ||||||
|
| |||||||
Total France | 1,207,877 | |||||||
Germany – 25.1% | ||||||||
Aareal Bank AG | 84 | 2,638 | ||||||
adidas AG | 118 | 16,839 | ||||||
Allianz SE Registered Shares | 633 | 89,873 | ||||||
AURELIUS SE & Co. KGaA | 40 | 2,342 | ||||||
Aurubis AG | 36 | 1,633 | ||||||
Axel Springer SE | 103 | 5,392 | ||||||
BASF SE | 1,179 | 89,905 | ||||||
Bayer AG Registered Shares | 710 | 70,990 | ||||||
Bayerische Motoren Werke AG | 825 | 60,299 | ||||||
Bechtle AG | 20 | 2,098 | ||||||
Beiersdorf AG | 70 | 6,602 | ||||||
Bertrandt AG | 18 | 1,760 | ||||||
Brenntag AG | 89 | 4,294 | ||||||
Carl Zeiss Meditec AG Bearer Shares | 64 | 2,591 | ||||||
Celesio AG | 321 | 9,058 | ||||||
Commerzbank AG | 1,343 | 8,689 | ||||||
Continental AG | 93 | 17,492 | ||||||
Covestro AG(a) | 80 | 3,550 | ||||||
Daimler AG Registered Shares | 1,811 | 107,678 | ||||||
Deutsche Boerse AG | 164 | 13,399 | ||||||
Deutsche Lufthansa AG Registered Shares | 620 | 7,253 | ||||||
Deutsche Post AG Registered Shares | 1,251 | 34,988 | ||||||
Deutsche Telekom AG Registered Shares | 4,844 | 82,228 | ||||||
Deutsche Wohnen AG Bearer Shares | 248 | 8,410 | ||||||
DMG MORI AG* | 60 | 2,820 | ||||||
Drillisch AG | 88 | 3,367 | ||||||
Duerr AG | 35 | 2,644 | ||||||
E.ON SE | 3,568 | 35,778 | ||||||
ElringKlinger AG | 90 | 1,764 | ||||||
Evonik Industries AG | 636 | 18,894 | ||||||
Fielmann AG | 49 | 3,573 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 22 | 1,174 | ||||||
Freenet AG | 77 | 1,974 | ||||||
Fresenius Medical Care AG & Co. KGaA | 85 | 7,368 | ||||||
Fresenius SE & Co. KGaA | 147 | 10,749 | ||||||
Fuchs Petrolub SE | 48 | 1,725 | ||||||
GEA Group AG | 128 | 6,012 | ||||||
Hamburger Hafen und Logistik AG | 151 | 2,255 | ||||||
Hannover Rueck SE | 200 | 20,844 | ||||||
HeidelbergCement AG | 66 | 4,947 | ||||||
Hella KGaA Hueck & Co. | 112 | 3,579 | ||||||
Henkel AG & Co. KGaA | 136 | 14,636 | ||||||
Hochtief AG | 75 | 9,640 | ||||||
Hugo Boss AG | 148 | 8,369 | ||||||
Infineon Technologies AG | 480 | 6,919 | ||||||
K+S AG Registered Shares | 296 | 6,033 | ||||||
KION Group AG | 52 | 2,509 | ||||||
Krones AG | 20 | 2,106 | ||||||
LANXESS AG | 36 | 1,571 | ||||||
LEG Immobilien AG* | 64 | 5,965 | ||||||
Linde AG | 151 | 21,028 | ||||||
MAN SE | 164 | 16,742 | ||||||
Merck KGaA | 93 | 9,407 | ||||||
METRO AG | 337 | 10,284 | ||||||
MTU Aero Engines AG | 18 | 1,676 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 217 | 36,222 | ||||||
NORMA Group SE | 39 | 1,842 | ||||||
OSRAM Licht AG | 76 | 3,929 | ||||||
ProSiebenSat.1 Media SE* | 154 | 6,709 | ||||||
Rheinmetall AG | 22 | 1,300 | ||||||
SAP SE | 603 | 44,991 | ||||||
Siemens AG Registered Shares | 1,044 | 106,484 | ||||||
Software AG | 58 | 1,968 | ||||||
STADA Arzneimittel AG* | 56 | 2,889 | ||||||
Suedzucker AG | 122 | 2,680 | ||||||
Symrise AG | 35 | 2,378 | ||||||
Talanx AG | 424 | 12,544 | ||||||
Telefonica Deutschland Holding AG | 6,193 | 25,408 | ||||||
ThyssenKrupp AG | 113 | 2,261 | ||||||
TUI AG | 811 | 9,163 | ||||||
United Internet AG Registered Shares | 22 | 909 | ||||||
Volkswagen AG | 24 | 3,210 | ||||||
Wacker Chemie AG | 38 | 3,312 | ||||||
Wacker Neuson SE | 94 | 1,454 | ||||||
|
| |||||||
Total Germany | 1,166,006 | |||||||
Ireland – 0.7% | ||||||||
C&C Group PLC | 338 | 1,325 | ||||||
CRH PLC | 621 | 17,937 | ||||||
Glanbia PLC | 119 | 2,238 | ||||||
Kerry Group PLC Class A | 44 | 3,904 |
See Notes to Financial Statements.
26 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
June 30, 2016
Investments | Shares | Value | ||||||
Paddy Power Betfair PLC | 20 | $ | 2,100 | |||||
Smurfit Kappa Group PLC | 216 | 4,751 | ||||||
|
| |||||||
Total Ireland | 32,255 | |||||||
Italy – 10.5% | ||||||||
A2A SpA | 2,749 | 3,598 | ||||||
ACEA SpA | 154 | 1,870 | ||||||
Anima Holding SpA(a) | 784 | 3,667 | ||||||
Assicurazioni Generali SpA | 3,005 | 35,220 | ||||||
Atlantia SpA | 922 | 22,913 | ||||||
Azimut Holding SpA | 88 | 1,426 | ||||||
Banca Generali SpA | 279 | 5,561 | ||||||
Banca Mediolanum SpA | 1,087 | 7,409 | ||||||
Banca Popolare dell’Emilia Romagna SC | 622 | 2,265 | ||||||
Banca Popolare di Sondrio SCARL | 1,068 | 2,736 | ||||||
Banco Popolare | 854 | 2,034 | ||||||
Brembo SpA | 56 | 3,074 | ||||||
Davide Campari-Milano SpA | 320 | 3,157 | ||||||
De’ Longhi SpA | 142 | 3,373 | ||||||
DiaSorin SpA | 40 | 2,444 | ||||||
Enel SpA | 13,641 | 60,315 | ||||||
Eni SpA | 6,713 | 108,287 | ||||||
FinecoBank Banca Fineco SpA | 356 | 2,314 | ||||||
Hera SpA | 1,635 | 4,465 | ||||||
Industria Macchine Automatiche SpA | 52 | 3,122 | ||||||
Infrastrutture Wireless Italiane SpA(a) | 668 | 2,942 | ||||||
Intesa Sanpaolo SpA | 27,964 | 52,875 | ||||||
Intesa Sanpaolo SpA RSP | 1,638 | 2,910 | ||||||
Iren SpA | 2,290 | 3,536 | ||||||
Luxottica Group SpA | 252 | 12,217 | ||||||
MARR SpA | 116 | 2,192 | ||||||
Mediobanca SpA | 1,182 | 6,769 | ||||||
Moncler SpA | 85 | 1,335 | ||||||
Parmalat SpA | 811 | 2,110 | ||||||
Poste Italiane SpA(a) | 2,021 | 13,381 | ||||||
Prysmian SpA | 200 | 4,364 | ||||||
Recordati SpA | 196 | 5,879 | ||||||
Salvatore Ferragamo SpA | 171 | 3,467 | ||||||
Saras SpA | 3,206 | 5,553 | ||||||
Snam SpA | 5,655 | 33,674 | ||||||
Societa Cattolica di Assicurazioni SCRL | 659 | 4,151 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 170 | 1,463 | ||||||
Telecom Italia SpA RSP* | 3,238 | 2,076 | ||||||
Terna Rete Elettrica Nazionale SpA | 2,521 | 13,987 | ||||||
UniCredit SpA | 9,995 | 21,875 | ||||||
Unione di Banche Italiane SpA | 1,901 | 5,225 | ||||||
Unipol Gruppo Finanziario SpA | 1,764 | 4,127 | ||||||
UnipolSai SpA | 3,014 | 4,510 | ||||||
|
| |||||||
Total Italy | 489,868 | |||||||
Netherlands – 6.2% | ||||||||
Aalberts Industries N.V. | 42 | 1,262 | ||||||
ABN AMRO Group CVA N.V.(a) | 693 | 11,467 | ||||||
Aegon N.V. | 2,914 | 11,428 | ||||||
Akzo Nobel N.V. | 195 | 12,212 | ||||||
Arcadis N.V. | 142 | 2,141 | ||||||
ASM International N.V. | 60 | 2,323 | ||||||
ASML Holding N.V. | 164 | 16,104 | ||||||
BE Semiconductor Industries N.V. | 79 | 2,147 | ||||||
Boskalis Westminster | 88 | 3,020 | ||||||
Flow Traders(a) | 104 | 3,577 | ||||||
Gemalto N.V. | 31 | 1,887 | ||||||
GrandVision N.V.(a) | 123 | 3,193 | ||||||
Heineken Holding N.V. | 181 | 14,711 | ||||||
Heineken N.V. | 313 | 28,781 | ||||||
ING Groep N.V. CVA | 7,238 | 73,809 | ||||||
Koninklijke Ahold N.V. | 654 | 14,459 | ||||||
Koninklijke DSM N.V. | 212 | 12,245 | ||||||
Koninklijke KPN N.V. | 3,144 | 11,369 | ||||||
Koninklijke Philips N.V. | 1,068 | 26,572 | ||||||
Koninklijke Vopak N.V. | 104 | 5,187 | ||||||
NN Group N.V. | 562 | 15,481 | ||||||
Randstad Holding N.V. | 82 | 3,294 | ||||||
Wolters Kluwer N.V. | 308 | 12,510 | ||||||
|
| |||||||
Total Netherlands | 289,179 | |||||||
Portugal – 1.1% | ||||||||
CTT – Correios de Portugal S.A. | 185 | 1,462 | ||||||
EDP – Energias de Portugal S.A. | 6,178 | 18,902 | ||||||
Galp Energia, SGPS, S.A. | 1,040 | 14,442 | ||||||
Jeronimo Martins, SGPS, S.A. | 504 | 7,928 | ||||||
Navigator Co. S.A. (The) | 948 | 2,648 | ||||||
NOS, SGPS S.A. | 688 | 4,166 | ||||||
|
| |||||||
Total Portugal | 49,548 | |||||||
Spain – 15.5% | ||||||||
Abertis Infraestructuras S.A. | 1,241 | 18,199 | ||||||
Acciona S.A. | 42 | 3,044 | ||||||
Acerinox S.A. | 364 | 4,016 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 473 | 12,819 | ||||||
Almirall S.A. | 141 | 2,101 | ||||||
Amadeus IT Holding S.A. Class A | 261 | 11,388 | ||||||
Atresmedia Corp. de Medios de Comunicaion S.A. | 269 | 2,606 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 13,047 | 73,400 | ||||||
Banco de Sabadell S.A. | 7,767 | 10,173 | ||||||
Banco Santander S.A. | 22,048 | 83,991 | ||||||
Bankia S.A. | 22,467 | 16,124 | ||||||
Bankinter S.A. | 374 | 2,397 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A. | 240 | 6,676 | ||||||
CaixaBank S.A. | 13,456 | 29,405 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 164 | 3,443 | ||||||
Distribuidora Internacional de Alimentacion S.A.* | 674 | 3,895 | ||||||
Ebro Foods S.A. | 220 | 5,030 | ||||||
EDP Renovaveis S.A. | 341 | 2,568 | ||||||
Enagas S.A. | 351 | 10,647 | ||||||
Endesa S.A. | 1,471 | 29,465 | ||||||
Ferrovial S.A. | 733 | 14,202 | ||||||
Gas Natural SDG S.A. | 1,648 | 32,342 | ||||||
Grifols S.A. | 150 | 3,376 | ||||||
Grupo Catalana Occidente S.A. | 91 | 2,501 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 27 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
June 30, 2016
Investments | Shares | Value | ||||||
Iberdrola S.A. | 8,891 | $ | 60,124 | |||||
Industria de Diseno Textil S.A. | 1,885 | 62,636 | ||||||
Mapfre S.A. | 6,815 | 14,824 | ||||||
Mediaset Espana Comunicacion S.A. | 427 | 4,775 | ||||||
Obrascon Huarte Lain S.A.* | 668 | 2,323 | ||||||
Prosegur Cia de Seguridad S.A. | 640 | 3,839 | ||||||
Red Electrica Corp. S.A. | 180 | 16,032 | ||||||
Repsol S.A. | 3,113 | 39,460 | ||||||
Sacyr S.A. | 1,948 | 3,157 | ||||||
Telefonica S.A. | 13,430 | 126,224 | ||||||
Zardoya Otis S.A. | 278 | 2,597 | ||||||
|
| |||||||
Total Spain | 719,799 | |||||||
Switzerland – 0.2% | ||||||||
STMicroelectronics N.V. | 1,941 | 11,299 | ||||||
United Kingdom – 1.8% | ||||||||
CNH Industrial N.V. | 1,074 | 7,732 | ||||||
Unilever N.V. CVA | 1,654 | 77,010 | ||||||
|
| |||||||
Total United Kingdom | 84,742 | |||||||
TOTAL COMMON STOCKS (Cost: $4,619,465) | 4,636,067 | |||||||
RIGHTS – 0.0% | ||||||||
Spain – 0.0% | ||||||||
Acerinox S.A., expiring 7/13/16* | 364 | 183 | ||||||
ACS Actividades de Construccion y Servicios S.A., expiring 7/18/16* | 473 | 333 | ||||||
|
| |||||||
TOTAL RIGHTS (Cost: $552) | 516 | |||||||
TOTAL INVESTMENTS IN SECURITIES – 99.6% (Cost: $4,620,017) | 4,636,583 | |||||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.4% | 18,159 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 4,654,742 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
CVA | – Certificaten Van Aandelen (Certificate of Stock) |
RSP | – Risparmio Italian Savings Shares |
FINANCIAL DERIVATIVE INSTRUMENTS |
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2016 | EUR | 366,086 | USD | 407,986 | $ | 1,283 | ||||||||||||||
7/5/2016 | EUR | 480,472 | USD | 535,481 | 1,701 | |||||||||||||||
7/5/2016 | EUR | 480,493 | USD | 535,481 | 1,677 | |||||||||||||||
7/5/2016 | EUR | 480,474 | USD | 535,481 | 1,699 | |||||||||||||||
7/5/2016 | EUR | 480,457 | USD | 535,481 | 1,717 | |||||||||||||||
7/5/2016 | EUR | 1,354 | USD | 1,501 | (3 | ) | ||||||||||||||
7/5/2016 | EUR | 360 | USD | 399 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 58,049 | EUR | 51,169 | (1,202 | ) | ||||||||||||||
7/5/2016 | USD | 523,290 | EUR | 471,006 | (26 | ) | ||||||||||||||
7/5/2016 | USD | 523,290 | EUR | 471,020 | (11 | ) | ||||||||||||||
7/5/2016 | USD | 523,290 | EUR | 471,008 | (24 | ) | ||||||||||||||
7/5/2016 | USD | 523,290 | EUR | 471,006 | (27 | ) | ||||||||||||||
7/5/2016 | USD | 398,701 | EUR | 358,873 | (11 | ) | ||||||||||||||
8/2/2016 | EUR | 433,958 | USD | 482,598 | 8 | |||||||||||||||
8/2/2016 | EUR | 433,943 | USD | 482,598 | 24 | |||||||||||||||
8/2/2016 | EUR | 433,964 | USD | 482,598 | 1 | |||||||||||||||
8/2/2016 | EUR | 433,963 | USD | 482,598 | 2 | |||||||||||||||
8/2/2016 | EUR | 330,651 | USD | 367,697 | (9 | ) | ||||||||||||||
$ | 6,798 |
CURRENCY LEGEND
EUR – Euro
USD – U.S. dollar
See Notes to Financial Statements.
28 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.2% | ||||||||
Australia – 7.4% | ||||||||
AGL Energy Ltd. | 18,691 | $ | 268,465 | |||||
Amcor Ltd. | 22,308 | 247,995 | ||||||
Ansell Ltd. | 3,216 | 43,511 | ||||||
Aristocrat Leisure Ltd. | 14,672 | 150,762 | ||||||
Asaleo Care Ltd. | 44,224 | 69,151 | ||||||
Asciano Ltd. | 15,677 | 103,540 | ||||||
ASX Ltd. | 4,824 | 164,368 | ||||||
Aurizon Holdings Ltd. | 49,449 | 177,471 | ||||||
Australia & New Zealand Banking Group Ltd. | 85,733 | 1,539,743 | ||||||
Bank of Queensland Ltd. | 600 | 4,731 | ||||||
Bendigo & Adelaide Bank Ltd. | 5,627 | 40,223 | ||||||
BHP Billiton Ltd. | 104,436 | 1,450,281 | ||||||
Boral Ltd. | 25,725 | 119,143 | ||||||
Brickworks Ltd. | 6,377 | 68,186 | ||||||
Caltex Australia Ltd. | 1,810 | 42,992 | ||||||
carsales.com Ltd. | 431 | 3,954 | ||||||
CIMIC Group Ltd. | 12,863 | 342,406 | ||||||
Cleanaway Waste Management Ltd. | 120,191 | 71,595 | ||||||
Cochlear Ltd. | 1,809 | 163,322 | ||||||
Commonwealth Bank of Australia | 42,201 | 2,336,918 | ||||||
Computershare Ltd. | 14,068 | 96,056 | ||||||
Cover-More Group Ltd. | 31,755 | 28,610 | ||||||
Crown Resorts Ltd. | 15,677 | 147,198 | ||||||
CSL Ltd. | 4,419 | 369,116 | ||||||
CSR Ltd. | 33,162 | 89,880 | ||||||
Downer EDI Ltd. | 30,750 | 87,007 | ||||||
Fairfax Media Ltd. | 144,522 | 100,078 | ||||||
Fortescue Metals Group Ltd. | 78,445 | 204,436 | ||||||
Genworth Mortgage Insurance Australia Ltd. | 22,349 | 45,763 | ||||||
GrainCorp Ltd. Class A | 1,604 | 10,307 | ||||||
Harvey Norman Holdings Ltd. | 36,976 | 126,924 | ||||||
Healthscope Ltd. | 38,383 | 81,739 | ||||||
Iluka Resources Ltd. | 15,906 | 76,865 | ||||||
Incitec Pivot Ltd. | 34,166 | 75,557 | ||||||
Insurance Australia Group Ltd. | 85,020 | 345,017 | ||||||
IOOF Holdings Ltd. | 7,435 | 43,348 | ||||||
IRESS Ltd. | 11,054 | 89,634 | ||||||
JB Hi-Fi Ltd. | 3,617 | 64,907 | ||||||
Macquarie Group Ltd. | 5,169 | 265,185 | ||||||
Magellan Financial Group Ltd. | 5,226 | 86,581 | ||||||
National Australia Bank Ltd. | 75,300 | 1,425,819 | ||||||
Navitas Ltd. | 24,317 | 99,404 | ||||||
NIB Holdings Ltd. | 35,569 | 111,765 | ||||||
Origin Energy Ltd. | 33,162 | 141,981 | ||||||
Perpetual Ltd. | 3,792 | 116,103 | ||||||
Platinum Asset Management Ltd. | 25,524 | 109,470 | ||||||
Premier Investments Ltd. | 11,054 | 117,371 | ||||||
Primary Health Care Ltd. | 29,946 | 88,076 | ||||||
QBE Insurance Group Ltd. | 27,567 | 214,090 | ||||||
Qube Holdings Ltd. | 48,041 | 79,055 | ||||||
REA Group Ltd. | 2,815 | 124,694 | ||||||
Rio Tinto Ltd. | 13,774 | 466,653 | ||||||
Santos Ltd. | 27,535 | 95,132 | ||||||
Select Harvests Ltd. | 10,852 | 54,462 | ||||||
Sonic Healthcare Ltd. | 11,254 | 180,583 | ||||||
Star Entertainment Grp Ltd. (The) | 10,340 | 41,575 | ||||||
Steadfast Group Ltd. | 61,709 | 90,748 | ||||||
Suncorp Group Ltd. | 35,769 | 324,397 | ||||||
Super Retail Group Ltd. | 9,445 | 61,677 | ||||||
Tabcorp Holdings Ltd. | 28,540 | 97,117 | ||||||
Tatts Group Ltd. | 12,464 | 35,452 | ||||||
Technology One Ltd. | 24,318 | 93,614 | ||||||
Telstra Corp., Ltd. | 325,353 | 1,346,954 | ||||||
TPG Telecom Ltd. | 10,450 | 92,595 | ||||||
Treasury Wine Estates Ltd. | 19,093 | 131,220 | ||||||
Wesfarmers Ltd. | 14,333 | 427,961 | ||||||
Westpac Banking Corp. | 90,297 | 1,976,713 | ||||||
|
| |||||||
Total Australia | 17,987,646 | |||||||
Austria – 0.3% | ||||||||
EVN AG | 14,873 | 169,528 | ||||||
OMV AG | 10,049 | 281,498 | ||||||
Voestalpine AG | 7,910 | 263,804 | ||||||
|
| |||||||
Total Austria | 714,830 | |||||||
Belgium – 1.9% | ||||||||
Ackermans & van Haaren N.V. | 1,809 | 221,470 | ||||||
Ageas | 6,230 | 214,454 | ||||||
Anheuser-Busch InBev N.V. | 24,518 | 3,203,219 | ||||||
bpost S.A. | 6,030 | 153,307 | ||||||
Colruyt S.A. | 4,221 | 232,473 | ||||||
Delhaize Group | 1,809 | 189,978 | ||||||
Euronav N.V. | 3,618 | 33,136 | ||||||
Proximus SADP | 10,453 | 330,673 | ||||||
UCB S.A. | 1,072 | 80,031 | ||||||
|
| |||||||
Total Belgium | 4,658,741 | |||||||
China – 3.0% | ||||||||
Beijing Enterprises Holdings Ltd. | 27,000 | 152,437 | ||||||
China Everbright International Ltd. | 95,000 | 105,311 | ||||||
China Jinmao Holdings Group Ltd. | 402,000 | 112,963 | ||||||
China Mobile Ltd. | 324,000 | 3,702,344 | ||||||
China Overseas Land & Investment Ltd. | 98,000 | 309,489 | ||||||
China Power International Development Ltd. | 201,000 | 73,840 | ||||||
China Resources Power Holdings Co., Ltd. | 104,000 | 154,969 | ||||||
China South City Holdings Ltd. | 402,000 | 77,727 | ||||||
CITIC Ltd. | 460,000 | 668,837 | ||||||
CNOOC Ltd. | 1,148,000 | 1,423,541 | ||||||
Fosun International Ltd. | 100,500 | 129,545 | ||||||
Guotai Junan International Holdings Ltd. | 202,000 | 68,479 | ||||||
Lenovo Group Ltd. | 364,000 | 219,115 | ||||||
Shanghai Industrial Holdings Ltd. | 41,000 | 92,591 | ||||||
Shenzhen Investment Ltd. | 280,000 | 111,524 | ||||||
|
| |||||||
Total China | 7,402,712 | |||||||
Denmark – 1.1% | ||||||||
AP Moeller – Maersk A/S Class B | 104 | 135,187 | ||||||
Coloplast A/S Class B | 3,216 | 239,010 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Investments | Shares | Value | ||||||
Danske Bank A/S | 14,474 | $ | 379,097 | |||||
DSV A/S | 1,207 | 50,502 | ||||||
GN Store Nord A/S | 2,813 | 50,532 | ||||||
Novo Nordisk A/S Class B | 18,586 | 993,855 | ||||||
Novozymes A/S Class B | 2,010 | 95,926 | ||||||
Pandora A/S | 1,404 | 190,155 | ||||||
Rockwool International A/S Class B | 402 | 72,515 | ||||||
Royal Unibrew A/S | 2,412 | 107,331 | ||||||
SimCorp A/S | 603 | 29,498 | ||||||
Sydbank A/S | 2,211 | 55,202 | ||||||
Tryg A/S | 7,839 | 139,297 | ||||||
Vestas Wind Systems A/S | 2,010 | 135,815 | ||||||
|
| |||||||
Total Denmark | 2,673,922 | |||||||
Finland – 1.6% | ||||||||
Elisa Oyj | 5,829 | 222,765 | ||||||
F-Secure Oyj | 22,107 | 65,574 | ||||||
Fortum Oyj | 28,744 | 459,198 | ||||||
Kesko Oyj Class B | 3,617 | 153,178 | ||||||
Kone Oyj Class B | 10,852 | 497,311 | ||||||
Metso Oyj | 5,828 | 136,161 | ||||||
Neste Oyj | 4,421 | 157,807 | ||||||
Nokia Oyj | 142,799 | 809,870 | ||||||
Nokian Renkaat Oyj | 4,019 | 143,011 | ||||||
Orion Oyj Class B | 4,020 | 155,417 | ||||||
Sampo Oyj Class A | 13,666 | 554,607 | ||||||
Tieto Oyj | 5,024 | 136,968 | ||||||
UPM-Kymmene Oyj | 16,681 | 303,921 | ||||||
|
| |||||||
Total Finland | 3,795,788 | |||||||
France – 10.8% | ||||||||
Accor S.A. | 3,044 | 117,312 | ||||||
Aeroports de Paris | 1,408 | 154,904 | ||||||
Airbus Group SE | 10,688 | 614,233 | ||||||
Alten S.A. | 1,809 | 106,816 | ||||||
Arkema S.A. | 1,206 | 92,540 | ||||||
AXA S.A. | 58,286 | 1,152,924 | ||||||
BioMerieux | 1,005 | 136,381 | ||||||
BNP Paribas S.A. | 28,733 | 1,269,016 | ||||||
Bouygues S.A. | 8,239 | 237,340 | ||||||
Bureau Veritas S.A. | 8,138 | 171,822 | ||||||
Capgemini S.A. | 1,608 | 139,697 | ||||||
Casino Guichard Perrachon S.A. | 3,215 | 179,371 | ||||||
Christian Dior SE | 2,622 | 421,789 | ||||||
Cie de Saint-Gobain | 9,245 | 352,851 | ||||||
CNP Assurances | 17,485 | 258,643 | ||||||
Credit Agricole S.A. | 25,847 | 217,083 | ||||||
Danone S.A. | 8,750 | 616,396 | ||||||
Dassault Systemes | 1,408 | 106,805 | ||||||
Edenred | 7,234 | 148,637 | ||||||
Electricite de France S.A. | 85,450 | 1,041,389 | ||||||
Elior Participations SCA(a) | 3,818 | 83,242 | ||||||
Engie S.A. | 68,945 | 1,111,385 | ||||||
Essilor International S.A. | 1,609 | 212,447 | ||||||
Gaztransport Et Technigaz S.A. | 1,206 | 36,717 | ||||||
Havas S.A. | 11,722 | 90,819 | ||||||
Hermes International | 750 | 280,751 | ||||||
Iliad S.A. | 201 | 40,752 | ||||||
Imerys S.A. | 3,426 | 218,966 | ||||||
Ingenico Group S.A. | 402 | 46,938 | ||||||
Ipsen S.A. | 1,809 | 111,398 | ||||||
Kering | 2,031 | 328,184 | ||||||
Klepierre | 6,111 | 270,542 | ||||||
L’Oreal S.A. | 5,498 | 1,050,576 | ||||||
Legrand S.A. | 4,526 | 232,854 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 6,396 | 966,366 | ||||||
Metropole Television S.A. | 5,829 | 97,136 | ||||||
Natixis S.A. | 129,364 | 489,931 | ||||||
Neopost S.A. | 2,413 | 55,705 | ||||||
Nexity S.A.* | 2,815 | 142,903 | ||||||
Orange S.A. | 58,696 | 955,628 | ||||||
Pernod Ricard S.A. | 2,212 | 245,988 | ||||||
Publicis Groupe S.A. | 2,011 | 135,231 | ||||||
Remy Cointreau S.A. | 1,207 | 103,881 | ||||||
Renault S.A. | 4,413 | 335,535 | ||||||
Rexel S.A.* | 3,705 | 46,573 | ||||||
Rubis SCA | 1,608 | 123,137 | ||||||
Safran S.A. | 5,632 | 381,168 | ||||||
Sanofi | 25,227 | 2,099,702 | ||||||
Schneider Electric SE | 11,889 | 700,821 | ||||||
Societe Generale S.A. | 17,497 | 548,354 | ||||||
Sodexo S.A. | 1,809 | 194,459 | ||||||
Suez | 4,767 | 74,566 | ||||||
Technip S.A. | 1,035 | 56,129 | ||||||
Teleperformance | 1,207 | 103,210 | ||||||
Television Francaise 1 | 7,437 | 78,978 | ||||||
Thales S.A. | 2,815 | 234,581 | ||||||
TOTAL S.A. | 71,760 | 3,458,329 | ||||||
Unibail-Rodamco SE | 1,206 | 313,045 | ||||||
Valeo S.A. | 3,060 | 136,422 | ||||||
Veolia Environnement S.A. | 13,467 | 291,294 | ||||||
Vicat S.A. | 1,989 | 112,473 | ||||||
Vinci S.A. | 11,551 | 817,307 | ||||||
Vivendi S.A. | 80,470 | 1,510,828 | ||||||
|
| |||||||
Total France | 26,461,200 | |||||||
Germany – 7.3% | ||||||||
adidas AG | 3,027 | 431,957 | ||||||
Allianz SE Registered Shares | 11,024 | 1,565,180 | ||||||
AURELIUS SE & Co. KGaA | 1,207 | 70,680 | ||||||
Axel Springer SE | 3,014 | 157,793 | ||||||
BASF SE | 18,561 | 1,415,380 | ||||||
Bayer AG Registered Shares | 3,321 | 332,052 | ||||||
Bayerische Motoren Werke AG | 6,073 | 443,872 | ||||||
Bechtle AG | 1,207 | 126,609 | ||||||
Beiersdorf AG | 2,443 | 230,396 | ||||||
Bertrandt AG | 604 | 59,049 | ||||||
Brenntag AG | 2,413 | 116,424 |
See Notes to Financial Statements.
30 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Investments | Shares | Value | ||||||
Carl Zeiss Meditec AG Bearer Shares | 3,819 | $ | 154,583 | |||||
Comdirect Bank AG | 10,451 | 106,353 | ||||||
Commerzbank AG | 37,634 | 243,498 | ||||||
Continental AG | 1,755 | 330,087 | ||||||
CTS Eventim AG & Co. KGaA | 3,617 | 110,202 | ||||||
Daimler AG Registered Shares | 27,662 | 1,644,728 | ||||||
Deutsche Boerse AG | 3,016 | 246,405 | ||||||
Deutsche Post AG Registered Shares | 20,902 | 584,590 | ||||||
Deutsche Telekom AG Registered Shares | 84,823 | 1,439,896 | ||||||
Deutsche Wohnen AG Bearer Shares | 6,230 | 211,270 | ||||||
DMG MORI AG* | 2,813 | 132,207 | ||||||
Drillisch AG | 404 | 15,458 | ||||||
Duerr AG | 1,206 | 91,093 | ||||||
E.ON SE | 37,780 | 378,836 | ||||||
Evonik Industries AG | 8,239 | 244,754 | ||||||
Fielmann AG | 2,413 | 175,936 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 2,010 | 107,240 | ||||||
Freenet AG | 1,409 | 36,120 | ||||||
GEA Group AG | 4,019 | 188,754 | ||||||
Gerresheimer AG | 604 | 46,293 | ||||||
Hamburger Hafen und Logistik AG | 2,612 | 39,015 | ||||||
Hannover Rueck SE | 2,813 | 293,166 | ||||||
Henkel AG & Co. KGaA | 3,014 | 324,360 | ||||||
Hochtief AG | 1,020 | 131,108 | ||||||
Hugo Boss AG | 1,946 | 110,041 | ||||||
Infineon Technologies AG | 14,471 | 208,593 | ||||||
K+S AG Registered Shares | 3,818 | 77,812 | ||||||
Krones AG | 1,207 | 127,119 | ||||||
KUKA AG | 804 | 95,126 | ||||||
LEG Immobilien AG* | 1,608 | 149,862 | ||||||
Linde AG | 2,244 | 312,494 | ||||||
MAN SE | 2,413 | 246,331 | ||||||
Merck KGaA | 3,619 | 366,069 | ||||||
METRO AG | 6,632 | 202,394 | ||||||
OSRAM Licht AG | 2,010 | 103,924 | ||||||
ProSiebenSat.1 Media SE* | 5,426 | 236,389 | ||||||
RHOEN-KLINIKUM AG | 4,623 | 135,229 | ||||||
SAP SE | 11,457 | 854,822 | ||||||
Siemens AG Registered Shares | 14,419 | 1,470,684 | ||||||
Software AG | 2,815 | 95,524 | ||||||
Suedzucker AG | 5,427 | 119,226 | ||||||
Talanx AG | 6,833 | 202,151 | ||||||
Volkswagen AG | 2,537 | 339,345 | ||||||
Wacker Chemie AG | 1,006 | 87,688 | ||||||
Wirecard AG | 1,005 | 44,057 | ||||||
|
| |||||||
Total Germany | 17,810,224 | |||||||
Hong Kong – 2.8% | ||||||||
AIA Group Ltd. | 120,600 | 720,527 | ||||||
Bank of East Asia Ltd. (The) | 80,400 | 308,834 | ||||||
BOC Hong Kong Holdings Ltd. | 256,000 | 765,563 | ||||||
CLP Holdings Ltd. | 99,500 | 1,013,219 | ||||||
Dah Sing Banking Group Ltd. | 80,400 | 148,406 | ||||||
Hang Seng Bank Ltd. | 40,300 | 687,255 | ||||||
Hong Kong & China Gas Co., Ltd. | 220,300 | 401,529 | ||||||
Hong Kong Exchanges and Clearing Ltd. | 19,800 | 478,797 | ||||||
MTR Corp., Ltd. | 101,000 | 510,341 | ||||||
New World Development Co., Ltd. | 204,000 | 206,420 | ||||||
Power Assets Holdings Ltd. | 67,500 | 618,188 | ||||||
Sino Land Co., Ltd. | 396,000 | 646,222 | ||||||
Techtronic Industries Co., Ltd. | 1,500 | 6,236 | ||||||
Wharf Holdings Ltd. (The) | 36,000 | 217,867 | ||||||
|
| |||||||
Total Hong Kong | 6,729,404 | |||||||
Ireland – 0.2% | ||||||||
CRH PLC | 6,921 | 199,911 | ||||||
Grafton Group PLC | 6,632 | 43,867 | ||||||
Greencore Group PLC | 9,847 | 40,478 | ||||||
Paddy Power Betfair PLC | 1,606 | 168,605 | ||||||
|
| |||||||
Total Ireland | 452,861 | |||||||
Israel – 0.6% | ||||||||
Bank Hapoalim BM | 20,828 | 104,922 | ||||||
Delek Automotive Systems Ltd. | 12,058 | 100,851 | ||||||
First International Bank of Israel Ltd. | 4,221 | 51,679 | ||||||
Frutarom Industries Ltd. | 1,005 | 46,295 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 28,538 | 99,669 | ||||||
Israel Chemicals Ltd. | 59,905 | 232,085 | ||||||
Mizrahi Tefahot Bank Ltd. | 4,221 | 48,665 | ||||||
Nice Ltd. | 805 | 50,188 | ||||||
Teva Pharmaceutical Industries Ltd. | 12,867 | 646,507 | ||||||
|
| |||||||
Total Israel | 1,380,861 | |||||||
Italy – 3.0% | ||||||||
A2A SpA | 100,296 | 131,257 | ||||||
ACEA SpA | 899 | 10,916 | ||||||
Anima Holding SpA(a) | 22,009 | 102,938 | ||||||
Ansaldo STS SpA | 4,823 | 54,867 | ||||||
Ascopiave SpA | 23,715 | 71,135 | ||||||
Assicurazioni Generali SpA | 36,291 | 425,349 | ||||||
Atlantia SpA | 16,078 | 399,570 | ||||||
Banca Mediolanum SpA | 19,293 | 131,495 | ||||||
Banca Popolare dell’Emilia Romagna SC | 15,049 | 54,804 | ||||||
Banca Popolare di Milano SCARL | 76,981 | 31,498 | ||||||
Banco Popolare | 20,616 | 49,105 | ||||||
Credito Valtellinese | 123,977 | 56,594 | ||||||
Davide Campari-Milano SpA | 1,050 | 10,359 | ||||||
De’ Longhi SpA | 1,608 | 38,193 | ||||||
DiaSorin SpA | 2,211 | 135,097 | ||||||
Enel SpA | 181,701 | 803,405 | ||||||
Eni SpA | 123,811 | 1,997,194 | ||||||
ERG SpA | 396 | 4,505 | ||||||
FinecoBank Banca Fineco SpA | 1,197 | 7,779 | ||||||
Hera SpA | 49,047 | 133,933 | ||||||
Intesa Sanpaolo SpA | 430,732 | 814,444 | ||||||
Iren SpA | 92,060 | 142,161 | ||||||
Luxottica Group SpA | 4,678 | 226,798 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Investments | Shares | Value | ||||||
Parmalat SpA | 25,724 | $ | 66,930 | |||||
Recordati SpA | 7,236 | 217,048 | ||||||
Snam SpA | 98,689 | 587,662 | ||||||
Terna Rete Elettrica Nazionale SpA | 44,224 | 245,358 | ||||||
UniCredit SpA | 151,981 | 332,621 | ||||||
Unione di Banche Italiane SpA | 37,193 | 102,225 | ||||||
|
| |||||||
Total Italy | 7,385,240 | |||||||
Japan – 16.5% | ||||||||
AIT Corp. | 12,900 | 104,493 | ||||||
Alpen Co., Ltd. | 4,400 | 71,882 | ||||||
Amada Holdings Co., Ltd. | 40,000 | 402,378 | ||||||
Astellas Pharma, Inc. | 45,400 | 708,061 | ||||||
Bank of Kyoto Ltd. (The) | 26,000 | 157,891 | ||||||
Benesse Holdings, Inc. | 3,100 | 72,552 | ||||||
Canon, Inc. | 44,700 | 1,269,020 | ||||||
Chiba Bank Ltd. (The) | 34,000 | 159,411 | ||||||
Dai-ichi Life Insurance Co., Ltd. (The) | 20,100 | 220,808 | ||||||
Daicel Corp. | 20,100 | 206,310 | ||||||
Daido Steel Co., Ltd. | 40,000 | 136,076 | ||||||
Daihatsu Motor Co., Ltd. | 19,900 | 256,630 | ||||||
Daiwa Securities Group, Inc. | 69,000 | 361,512 | ||||||
Eagle Industry Co., Ltd. | 10,300 | 118,472 | ||||||
FANUC Corp. | 3,400 | 547,997 | ||||||
Fast Retailing Co., Ltd. | 1,200 | 319,329 | ||||||
Fuji Heavy Industries Ltd. | 19,800 | 671,258 | ||||||
Fujitsu Ltd. | 43,000 | 156,760 | ||||||
Fukuoka Financial Group, Inc. | 32,000 | 104,494 | ||||||
Gfoot Co., Ltd. | 10,300 | 70,983 | ||||||
Gunma Bank Ltd. (The) | 47,000 | 169,510 | ||||||
Hachijuni Bank Ltd. (The) | 46,700 | 202,113 | ||||||
Hiday Hidaka Corp. | 3,000 | 72,726 | ||||||
Hitachi Chemical Co., Ltd. | 20,100 | 370,887 | ||||||
Hitachi Ltd. | 115,000 | 475,178 | ||||||
Hitachi Metals Ltd. | 18,500 | 185,559 | ||||||
Hokuhoku Financial Group, Inc. | 352,000 | 398,011 | ||||||
Honda Motor Co., Ltd. | 38,400 | 962,901 | ||||||
Hulic Co., Ltd. | 20,100 | 210,032 | ||||||
Idemitsu Kosan Co., Ltd. | 15,300 | 329,892 | ||||||
Iida Group Holdings Co., Ltd. | 7,400 | 150,250 | ||||||
Isetan Mitsukoshi Holdings Ltd. | 32,500 | 287,016 | ||||||
Isuzu Motors Ltd. | 26,200 | 318,849 | ||||||
ITOCHU Corp. | 40,300 | 486,908 | ||||||
Iyo Bank Ltd. (The) | 34,500 | 209,509 | ||||||
J. Front Retailing Co., Ltd. | 21,300 | 219,042 | ||||||
Japan Aviation Electronics Industry Ltd. | 6,000 | 81,528 | ||||||
Japan Post Holdings Co., Ltd. | 50,600 | 612,093 | ||||||
Japan Post Insurance Co., Ltd. | 15,900 | 324,075 | ||||||
Japan Tobacco, Inc. | 27,100 | 1,083,841 | ||||||
JSR Corp. | 20,100 | 263,716 | ||||||
Kappa Create Co., Ltd. | 6,200 | 77,417 | ||||||
Kawasaki Heavy Industries Ltd. | 105,000 | 291,695 | ||||||
Kawasaki Kisen Kaisha Ltd. | 157,000 | 367,287 | ||||||
KDDI Corp. | 34,200 | 1,037,768 | ||||||
Keiyo Co., Ltd. | 100,100 | 509,330 | ||||||
KFC Holdings Japan Ltd. | 4,200 | 75,902 | ||||||
Komatsu Ltd. | 39,900 | 688,206 | ||||||
Kuraray Co., Ltd. | 20,200 | 239,234 | ||||||
Mazda Motor Corp. | 12,600 | 166,911 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 7,400 | 201,608 | ||||||
Minebea Co., Ltd. | 39,200 | 261,741 | ||||||
Mitsubishi Chemical Holdings Corp. | 60,100 | 272,234 | ||||||
Mitsubishi Corp. | 40,200 | 700,630 | ||||||
Mitsubishi Heavy Industries Ltd. | 121,000 | 480,509 | ||||||
Mitsubishi Materials Corp. | 89,000 | 210,810 | ||||||
Mitsubishi Motors Corp. | 39,900 | 182,407 | ||||||
Mitsubishi Tanabe Pharma Corp. | 4,300 | 77,248 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 250,800 | 1,114,531 | ||||||
Mitsui & Co., Ltd. | 60,400 | 714,450 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 157,000 | 258,631 | ||||||
Mizuho Financial Group, Inc. | 623,000 | 900,584 | ||||||
Modec, Inc. | 3,300 | 50,309 | ||||||
MOS Food Services, Inc. | 2,600 | 74,029 | ||||||
MS&AD Insurance Group Holdings, Inc. | 15,000 | 383,298 | ||||||
Murata Manufacturing Co., Ltd. | 1,800 | 199,669 | ||||||
Nachi-Fujikoshi Corp. | 68,000 | 204,815 | ||||||
Nagaileben Co., Ltd. | 3,100 | 74,335 | ||||||
Nakanishi, Inc. | 2,300 | 67,818 | ||||||
NGK Spark Plug Co., Ltd. | 12,700 | 189,281 | ||||||
Nippon Telegraph & Telephone Corp. | 31,900 | 1,492,543 | ||||||
Nissan Motor Co., Ltd. | 100,800 | 901,884 | ||||||
NOK Corp. | 9,400 | 157,873 | ||||||
Nomura Real Estate Holdings, Inc. | 19,900 | 345,083 | ||||||
NTN Corp. | 123,000 | 326,114 | ||||||
NTT DOCOMO, Inc. | 75,100 | 2,025,189 | ||||||
Oji Holdings Corp. | 45,000 | 171,947 | ||||||
Panasonic Corp. | 47,900 | 411,345 | ||||||
Resona Holdings, Inc. | 80,000 | 290,087 | ||||||
Sega Sammy Holdings, Inc. | 20,200 | 216,393 | ||||||
Seiko Epson Corp. | 20,000 | 318,355 | ||||||
Sekisui House Ltd. | 21,500 | 372,933 | ||||||
Shin-Etsu Chemical Co., Ltd. | 10,400 | 604,394 | ||||||
SoftBank Group Corp. | 5,800 | 327,285 | ||||||
Sojitz Corp. | 100,500 | 236,090 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 14,200 | 373,513 | ||||||
Sony Financial Holdings, Inc. | 19,500 | 217,448 | ||||||
Sparx Group Co., Ltd. | 36,500 | 64,753 | ||||||
Sumco Corp. | 11,100 | 70,004 | ||||||
Sumitomo Metal Mining Co., Ltd. | 35,000 | 350,887 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 38,300 | 1,092,366 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 115,000 | 369,695 | ||||||
Sumitomo Rubber Industries Ltd. | 14,900 | 197,960 | ||||||
Suzuki Motor Corp. | 9,100 | 244,243 | ||||||
T&D Holdings, Inc. | 20,200 | 169,118 | ||||||
Tabuchi Electric Co., Ltd. | 77,400 | 264,815 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 34,800 | 146,541 | ||||||
Tokio Marine Holdings, Inc. | 19,300 | 633,425 |
See Notes to Financial Statements.
32 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Investments | Shares | Value | ||||||
Toyo Tire & Rubber Co., Ltd. | 5,900 | $ | 63,722 | |||||
Toyota Motor Corp. | 67,500 | 3,324,008 | ||||||
Yahoo Japan Corp. | 100,600 | 443,232 | ||||||
Yamaha Corp. | 10,600 | 282,797 | ||||||
Yokohama Rubber Co., Ltd. (The) | 6,600 | 81,833 | ||||||
|
| |||||||
Total Japan | 40,190,515 | |||||||
Netherlands – 1.7% | ||||||||
Aalberts Industries N.V. | 1,408 | 42,312 | ||||||
Akzo Nobel N.V. | 3,018 | 189,000 | ||||||
Arcadis N.V. | 3,151 | 47,521 | ||||||
ASM International N.V. | 3,216 | 124,495 | ||||||
BE Semiconductor Industries N.V. | 2,230 | 60,610 | ||||||
BinckBank N.V. | 5,829 | 29,141 | ||||||
Brunel International N.V. | 5,226 | 95,912 | ||||||
Corbion N.V. | 2,813 | 67,518 | ||||||
Euronext N.V.(a) | 1,608 | 59,201 | ||||||
Gemalto N.V. | 805 | 48,999 | ||||||
Heineken N.V. | 6,370 | 585,742 | ||||||
IMCD Group N.V. | 1,809 | 71,495 | ||||||
ING Groep N.V. CVA | 87,498 | 892,252 | ||||||
Koninklijke Ahold N.V. | 13,467 | 297,727 | ||||||
Koninklijke DSM N.V. | 2,664 | 153,868 | ||||||
Koninklijke KPN N.V. | 52,657 | 190,415 | ||||||
Koninklijke Philips N.V. | 14,966 | 372,350 | ||||||
Koninklijke Vopak N.V. | 1,206 | 60,151 | ||||||
NN Group N.V. | 5,223 | 143,873 | ||||||
Randstad Holding N.V. | 2,012 | 80,815 | ||||||
Steinhoff International Holdings N.V. | 25,000 | 143,257 | ||||||
Wessanen | 9,446 | 99,693 | ||||||
Wolters Kluwer N.V. | 5,476 | 222,415 | ||||||
|
| |||||||
Total Netherlands | 4,078,762 | |||||||
New Zealand – 0.6% | ||||||||
Contact Energy Ltd. | 35,367 | 130,476 | ||||||
EBOS Group Ltd. | 11,456 | 133,481 | ||||||
Freightways Ltd. | 24,719 | 113,903 | ||||||
Genesis Energy Ltd. | 102,307 | 155,927 | ||||||
Kiwi Property Group Ltd. | 110,743 | 117,518 | ||||||
Mainfreight Ltd. | 4,824 | 57,135 | ||||||
Metlifecare Ltd. | 33,564 | 132,191 | ||||||
Mighty River Power Ltd. | 90,647 | 194,322 | ||||||
Port of Tauranga Ltd. | 12,059 | 167,474 | ||||||
TrustPower Ltd. | 30,348 | 166,426 | ||||||
Z Energy Ltd. | 11,054 | 63,690 | ||||||
|
| |||||||
Total New Zealand | 1,432,543 | |||||||
Norway – 1.5% | ||||||||
Atea ASA* | 846 | 8,063 | ||||||
Austevoll Seafood ASA | 18,891 | 157,464 | ||||||
DNB ASA | 21,706 | 257,708 | ||||||
Entra ASA(a) | 9,446 | 88,613 | ||||||
Gjensidige Forsikring ASA | 12,861 | 213,173 | ||||||
Kongsberg Gruppen ASA | 5,832 | 85,376 | ||||||
Leroy Seafood Group ASA | 3,215 | 150,992 | ||||||
Marine Harvest ASA* | 12,660 | 211,052 | ||||||
Norsk Hydro ASA | 35,166 | 127,419 | ||||||
Orkla ASA | 27,937 | 246,554 | ||||||
Salmar ASA | 8,239 | 243,292 | ||||||
SpareBank 1 SR-Bank ASA | 16,882 | 83,119 | ||||||
Statoil ASA | 84,418 | 1,453,717 | ||||||
Telenor ASA | 15,475 | 254,466 | ||||||
TGS Nopec Geophysical Co. ASA | 1,610 | 26,205 | ||||||
|
| |||||||
Total Norway | 3,607,213 | |||||||
Portugal – 0.3% | ||||||||
CTT – Correios de Portugal S.A. | 8,440 | 66,704 | ||||||
EDP – Energias de Portugal S.A. | 98,489 | 301,333 | ||||||
Galp Energia, SGPS, S.A. | 16,079 | 223,287 | ||||||
Jeronimo Martins, SGPS, S.A. | 9,446 | 148,595 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 16,883 | 47,509 | ||||||
|
| |||||||
Total Portugal | 787,428 | |||||||
Singapore – 2.0% | ||||||||
Asian Pay Television Trust | 221,100 | 87,067 | ||||||
CapitaLand Ltd. | 140,900 | 321,393 | ||||||
City Developments Ltd. | 19,900 | 120,355 | ||||||
ComfortDelGro Corp., Ltd. | 60,300 | 123,208 | ||||||
CWT Ltd. | 60,300 | 96,326 | ||||||
DBS Group Holdings Ltd. | 40,200 | 470,727 | ||||||
Great Eastern Holdings Ltd. | 1,741 | 26,583 | ||||||
Hutchison Port Holdings Trust | 703,400 | 320,047 | ||||||
Keppel Corp., Ltd. | 40,300 | 164,685 | ||||||
M1 Ltd. | 40,200 | 81,541 | ||||||
Olam International Ltd. | 80,400 | 110,812 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 51,400 | 331,872 | ||||||
Pacc Offshore Services Holdings Ltd. | 241,200 | 65,412 | ||||||
Pacific Radiance Ltd. | 23,000 | 4,272 | ||||||
Rotary Engineering Ltd. | 70,701 | 19,699 | ||||||
Sembcorp Industries Ltd. | 60,300 | 126,344 | ||||||
Sembcorp Marine Ltd. | 158,700 | 182,766 | ||||||
SIA Engineering Co., Ltd. | 80,400 | 219,832 | ||||||
Singapore Airlines Ltd. | 23,300 | 184,544 | ||||||
Singapore Exchange Ltd. | 20,100 | 113,799 | ||||||
Singapore Technologies Engineering Ltd. | 79,100 | 185,129 | ||||||
Singapore Telecommunications Ltd. | 306,600 | 940,826 | ||||||
StarHub Ltd. | 20,100 | 56,601 | ||||||
United Engineers Ltd. | 40,300 | 65,575 | ||||||
United Overseas Bank Ltd. | 40,000 | 547,440 | ||||||
|
| |||||||
Total Singapore | 4,966,855 | |||||||
Spain – 4.4% | ||||||||
Amadeus IT Holding S.A. Class A | 5,922 | 258,392 | ||||||
Atresmedia Corp. de Medios de Comunicaion S.A. | 7,636 | 73,974 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 201,860 | 1,135,634 | ||||||
Banco Popular Espanol S.A. | 169,085 | 216,210 | ||||||
Banco Santander S.A. | 340,142 | 1,295,752 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Investments | Shares | Value | ||||||
Bankia S.A. | 403,361 | $ | 289,481 | |||||
Bankinter S.A. | 13,061 | 83,694 | ||||||
CaixaBank S.A. | 209,618 | 458,065 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 5,226 | 109,701 | ||||||
Distribuidora Internacional de Alimentacion S.A.* | 14,069 | 81,307 | ||||||
Duro Felguera S.A. | 67,345 | 82,299 | ||||||
Ebro Foods S.A. | 3,819 | 87,315 | ||||||
Enagas S.A. | 6,432 | 195,111 | ||||||
Endesa S.A. | 13,868 | 277,782 | ||||||
Ferrovial S.A. | 17,991 | 348,471 | ||||||
Gas Natural SDG S.A. | 23,514 | 461,460 | ||||||
Grifols S.A. | 4,421 | 99,507 | ||||||
Grupo Catalana Occidente S.A. | 3,818 | 104,937 | ||||||
Iberdrola S.A. | 74,404 | 503,146 | ||||||
Industria de Diseno Textil S.A. | 33,906 | 1,126,645 | ||||||
Mapfre S.A. | 111,493 | 242,524 | ||||||
Mediaset Espana Comunicacion S.A. | 9,245 | 103,375 | ||||||
Obrascon Huarte Lain S.A.* | 37,597 | 130,735 | ||||||
Red Electrica Corp. S.A. | 2,413 | 214,913 | ||||||
Repsol S.A. | 46,435 | 588,607 | ||||||
Sacyr S.A. | 122,384 | 198,369 | ||||||
Tecnicas Reunidas S.A. | 1,407 | 41,829 | ||||||
Telefonica S.A. | 159,955 | 1,503,358 | ||||||
Viscofan S.A. | 2,211 | 121,907 | ||||||
Zardoya Otis S.A. | 22,122 | 206,688 | ||||||
|
| |||||||
Total Spain | 10,641,188 | |||||||
Sweden – 3.3% | ||||||||
AAK AB | 2,211 | 156,443 | ||||||
AF AB Class B | 5,828 | 96,472 | ||||||
Assa Abloy AB Class B | 8,160 | 165,748 | ||||||
Atlas Copco AB Class A | 17,687 | 453,620 | ||||||
Atrium Ljungberg AB Class B | 12,059 | 194,277 | ||||||
Avanza Bank Holding AB | 1,809 | 68,964 | ||||||
Axfood AB | 7,437 | 141,671 | ||||||
Betsson AB* | 746 | 6,172 | ||||||
Clas Ohlson AB Class B | 385 | 6,555 | ||||||
Com Hem Holding AB | 7,636 | 64,304 | ||||||
Electrolux AB Series B | 4,019 | 108,388 | ||||||
Fabege AB | 10,250 | 172,755 | ||||||
Hennes & Mauritz AB Class B | 2,181 | 63,453 | ||||||
Hexpol AB | 7,435 | 75,467 | ||||||
Husqvarna AB Class B | 7,140 | 52,711 | ||||||
ICA Gruppen AB | 4,020 | 133,657 | ||||||
Indutrade AB | 7,842 | 153,736 | ||||||
Investment AB Latour Class B | 4,421 | 164,782 | ||||||
Kinnevik AB Class B | 7,232 | 170,713 | ||||||
Lifco AB Class B | 3,617 | 103,523 | ||||||
Loomis AB Class B | 2,212 | 53,703 | ||||||
Meda AB Class A | 7,435 | 134,173 | ||||||
NetEnt AB* | 8,448 | 82,758 | ||||||
Nordea Bank AB | 122,500 | 1,025,086 | ||||||
Sandvik AB | 35,367 | 349,592 | ||||||
Securitas AB Class B | 8,843 | 134,951 | ||||||
Skandinaviska Enskilda Banken AB Class A | 55,787 | 480,326 | ||||||
Skanska AB Class B | 9,848 | 203,871 | ||||||
Svenska Cellulosa AB SCA Class B | 9,647 | 306,283 | ||||||
Svenska Handelsbanken AB Class A | 28,941 | 347,728 | ||||||
Swedbank AB Class A | 31,002 | 642,894 | ||||||
Swedish Match AB | 4,613 | 159,253 | ||||||
Tele2 AB Class B | 4,020 | 34,897 | ||||||
Telefonaktiebolaget LM Ericsson Class B | 59,700 | 453,068 | ||||||
Telia Co. AB | 120,802 | 566,320 | ||||||
Thule Group AB (The)(a) | 5,025 | 71,318 | ||||||
Trelleborg AB Class B | 7,035 | 123,468 | ||||||
Volvo AB Class B | 28,540 | 279,583 | ||||||
Wallenstam AB Class B | 20,701 | 167,485 | ||||||
|
| |||||||
Total Sweden | 8,170,168 | |||||||
Switzerland – 7.9% | ||||||||
ABB Ltd. Registered Shares* | 30,749 | 603,491 | ||||||
Actelion Ltd. Registered Shares* | 805 | 134,855 | ||||||
Adecco Group AG Registered Shares | 1,111 | 55,755 | ||||||
Baloise Holding AG Registered Shares | 1,005 | 111,621 | ||||||
Cie Financiere Richemont S.A. Registered Shares | 5,627 | 327,789 | ||||||
Clariant AG Registered Shares* | 2,614 | 44,085 | ||||||
Coca-Cola HBC AG* | 6,432 | 129,834 | ||||||
Credit Suisse Group AG Registered Shares* | 21,744 | 230,118 | ||||||
DKSH Holding AG | 2,010 | 131,428 | ||||||
EMS-Chemie Holding AG Registered Shares | 403 | 207,871 | ||||||
GAM Holding AG* | 7,837 | 83,261 | ||||||
Geberit AG Registered Shares | 604 | 228,159 | ||||||
Givaudan S.A. Registered Shares | 201 | 403,568 | ||||||
Julius Baer Group Ltd.* | 3,016 | 120,151 | ||||||
Kuehne + Nagel International AG Registered Shares | 4,220 | 589,986 | ||||||
LafargeHolcim Ltd. Registered Shares* | 8,038 | 334,490 | ||||||
Logitech International S.A. Registered Shares | 5,024 | 81,481 | ||||||
Lonza Group AG Registered Shares* | 1,441 | 238,441 | ||||||
Nestle S.A. Registered Shares | 50,001 | 3,857,088 | ||||||
Novartis AG Registered Shares | 41,031 | 3,375,729 | ||||||
OC Oerlikon Corp. AG Registered Shares* | 812 | 7,118 | ||||||
Partners Group Holding AG | 603 | 257,956 | ||||||
Roche Holding AG Genusschein | 12,839 | 3,375,147 | ||||||
SGS S.A. Registered Shares | 201 | 459,275 | ||||||
Sonova Holding AG Registered Shares | 1,006 | 133,211 | ||||||
STMicroelectronics N.V. | 37,678 | 219,338 | ||||||
Straumann Holding AG Registered Shares | 403 | 158,747 | ||||||
Sulzer AG Registered Shares | 1,206 | 104,482 | ||||||
Swiss Life Holding AG Registered Shares* | 603 | 138,587 | ||||||
Swiss Re AG | 4,810 | 418,443 | ||||||
Swisscom AG Registered Shares | 753 | 373,099 | ||||||
Syngenta AG Registered Shares | 1,409 | 541,066 | ||||||
UBS Group AG Registered Shares | 50,246 | 648,319 | ||||||
Vontobel Holding AG Registered Shares | 1,410 | 60,861 | ||||||
Zurich Insurance Group AG* | 4,019 | 987,629 | ||||||
|
| |||||||
Total Switzerland | 19,172,479 |
See Notes to Financial Statements.
34 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Investments | Shares | Value | ||||||
United Kingdom – 21.0% | ||||||||
Abcam PLC | 6,632 | $ | 68,266 | |||||
Aberdeen Asset Management PLC | 35,770 | 133,602 | ||||||
Admiral Group PLC | 5,024 | 136,336 | ||||||
Aggreko PLC | 6,230 | 106,435 | ||||||
Amec Foster Wheeler PLC | 8,039 | 52,658 | ||||||
Ashmore Group PLC | 28,339 | 112,590 | ||||||
AstraZeneca PLC | 31,661 | 1,890,632 | ||||||
Aviva PLC | 51,861 | 273,082 | ||||||
Babcock International Group PLC | 8,240 | 99,633 | ||||||
BAE Systems PLC | 88,837 | 622,288 | ||||||
Barclays PLC | 217,434 | 402,863 | ||||||
BBA Aviation PLC | 32,156 | 94,913 | ||||||
Bellway PLC | 2,815 | 71,423 | ||||||
Berkeley Group Holdings PLC | 4,823 | 162,668 | ||||||
BHP Billiton PLC | 62,585 | 788,781 | ||||||
Big Yellow Group PLC | 13,062 | 136,373 | ||||||
Bodycote PLC | 9,848 | 67,799 | ||||||
Booker Group PLC | 40,593 | 94,095 | ||||||
BP PLC | 716,754 | 4,198,164 | ||||||
Brewin Dolphin Holdings PLC | 15,073 | 48,520 | ||||||
British American Tobacco PLC | 42,227 | 2,733,828 | ||||||
British Land Co. PLC (The) | 20,700 | 167,968 | ||||||
Britvic PLC | 4,823 | 37,717 | ||||||
BT Group PLC | 117,817 | 645,741 | ||||||
Carnival PLC | 3,215 | 142,258 | ||||||
Close Brothers Group PLC | 2,612 | 39,561 | ||||||
CNH Industrial N.V. | 21,303 | 153,359 | ||||||
Compass Group PLC | 26,970 | 512,681 | ||||||
Countrywide PLC | 9,646 | 31,670 | ||||||
Cranswick PLC | 3,015 | 84,115 | ||||||
Croda International PLC | 2,137 | 89,673 | ||||||
Dechra Pharmaceuticals PLC | 8,843 | 138,546 | ||||||
Derwent London PLC | 2,413 | 84,287 | ||||||
Diageo PLC | 29,815 | 831,610 | ||||||
Direct Line Insurance Group PLC | 26,730 | 123,206 | ||||||
Domino’s Pizza Group PLC | 19,899 | 88,395 | ||||||
Drax Group PLC | 3,618 | 15,656 | ||||||
DS Smith PLC | 22,309 | 115,205 | ||||||
Dunelm Group PLC | 11,255 | 118,635 | ||||||
easyJet PLC | 9,446 | 137,134 | ||||||
Electrocomponents PLC | 31,955 | 111,151 | ||||||
Essentra PLC | 6,632 | 45,481 | ||||||
esure Group PLC | 23,714 | 90,696 | ||||||
Foxtons Group PLC | 18,489 | 27,558 | ||||||
Genus PLC | 360 | 7,531 | ||||||
GlaxoSmithKline PLC | 165,437 | 3,548,451 | ||||||
Greggs PLC | 4,220 | 54,721 | ||||||
Halfords Group PLC | 15,073 | 64,781 | ||||||
Halma PLC | 13,065 | 177,622 | ||||||
Hammerson PLC | 19,495 | 140,208 | ||||||
Hargreaves Lansdown PLC | 9,244 | 153,602 | ||||||
Hays PLC | 50,254 | 65,601 | ||||||
Hikma Pharmaceuticals PLC | 2,211 | 72,857 | ||||||
HomeServe PLC | 27,535 | 193,982 | ||||||
Howden Joinery Group PLC | 14,069 | 72,239 | ||||||
HSBC Holdings PLC | 556,758 | 3,467,573 | ||||||
Hunting PLC | 11,455 | 73,503 | ||||||
IG Group Holdings PLC | 9,847 | 106,558 | ||||||
IMI PLC | 8,842 | 114,299 | ||||||
Imperial Brands PLC | 28,977 | 1,570,182 | ||||||
Inchcape PLC | 9,847 | 82,667 | ||||||
Informa PLC | 19,092 | 185,929 | ||||||
Inmarsat PLC | 4,422 | 47,557 | ||||||
Intertek Group PLC | 3,014 | 140,173 | ||||||
Intu Properties PLC | 42,001 | 162,882 | ||||||
ITV PLC | 20,702 | 49,731 | ||||||
Jardine Lloyd Thompson Group PLC | 9,044 | 113,586 | ||||||
John Wood Group PLC | 5,628 | 51,762 | ||||||
Johnson Matthey PLC | 2,614 | 97,878 | ||||||
Jupiter Fund Management PLC | 20,298 | 99,203 | ||||||
Kingfisher PLC | 41,397 | 178,470 | ||||||
Ladbrokes PLC | 57,289 | 85,468 | ||||||
Land Securities Group PLC | 13,467 | 187,048 | ||||||
Legal & General Group PLC | 122,410 | 312,057 | ||||||
Lloyds Banking Group PLC | 991,310 | 716,394 | ||||||
London Stock Exchange Group PLC | 1,207 | 40,838 | ||||||
Mediclinic International PLC | 3,016 | 44,148 | ||||||
Meggitt PLC | 17,687 | 95,971 | ||||||
Melrose Industries PLC | 4,019 | 22,874 | ||||||
Micro Focus International PLC | 3,216 | 69,345 | ||||||
Mondi PLC | 6,633 | 123,695 | ||||||
Moneysupermarket.com Group PLC | 22,912 | 83,004 | ||||||
National Grid PLC | 113,557 | 1,663,761 | ||||||
Old Mutual PLC | 121,999 | 326,666 | ||||||
Pagegroup PLC | 19,294 | 76,629 | ||||||
Pearson PLC | 21,705 | 280,577 | ||||||
Pennon Group PLC | 9,847 | 124,461 | ||||||
Persimmon PLC | 8,039 | 155,502 | ||||||
PZ Cussons PLC | 14,068 | 61,816 | ||||||
QinetiQ Group PLC | 23,312 | 69,308 | ||||||
Reckitt Benckiser Group PLC | 11,061 | 1,107,497 | ||||||
Redde PLC | 26,731 | 56,102 | ||||||
RELX N.V. | 16,681 | 289,281 | ||||||
RELX PLC | 21,708 | 399,305 | ||||||
Renishaw PLC | 2,010 | 58,656 | ||||||
Restaurant Group PLC (The) | 11,256 | 43,275 | ||||||
Rightmove PLC | 1,809 | 88,218 | ||||||
Rio Tinto PLC | 27,686 | 849,024 | ||||||
Rotork PLC | 25,523 | 73,868 | ||||||
Royal Dutch Shell PLC Class A | 146,332 | 4,005,251 | ||||||
Royal Dutch Shell PLC Class B | 96,284 | 2,654,051 | ||||||
Royal Mail PLC | 26,328 | 176,328 | ||||||
SABMiller PLC | 16,343 | 954,728 | ||||||
Saga PLC | 31,754 | 81,756 | ||||||
Sage Group PLC (The) | 19,293 | 166,480 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Investments | Shares | Value | ||||||
Savills PLC | 8,642 | $ | 70,818 | |||||
Schroders PLC | 4,824 | 151,932 | ||||||
Segro PLC | 32,960 | 182,721 | ||||||
Severn Trent PLC | 7,034 | 228,964 | ||||||
Sky PLC | 36,573 | 414,594 | ||||||
Smith & Nephew PLC | 11,657 | 197,438 | ||||||
Smiths Group PLC | 9,646 | 148,677 | ||||||
Spirax-Sarco Engineering PLC | 2,815 | 140,740 | ||||||
SSE PLC | 30,350 | 630,487 | ||||||
St. James’s Place PLC | 12,058 | 126,535 | ||||||
Stagecoach Group PLC | 11,657 | 36,012 | ||||||
Standard Life PLC | 43,822 | 171,995 | ||||||
TalkTalk Telecom Group PLC | 1,838 | 5,386 | ||||||
Tate & Lyle PLC | 15,476 | 138,301 | ||||||
Taylor Wimpey PLC | 103,915 | 183,783 | ||||||
Ted Baker PLC | 1,809 | 58,764 | ||||||
Telecom Plus PLC | 4,623 | 64,396 | ||||||
Tullett Prebon PLC | 14,471 | 58,847 | ||||||
Unilever N.V. CVA | 29,219 | 1,360,433 | ||||||
Unilever PLC | 17,130 | 819,569 | ||||||
United Utilities Group PLC | 16,681 | 230,796 | ||||||
Vedanta Resources PLC | 32,825 | 182,850 | ||||||
Victrex PLC | 4,019 | 81,180 | ||||||
Vodafone Group PLC | 814,037 | 2,477,298 | ||||||
Weir Group PLC (The) | 5,225 | 100,651 | ||||||
WH Smith PLC | 4,622 | 97,253 | ||||||
Whitbread PLC | 2,011 | 93,876 | ||||||
William Hill PLC | 570 | 1,962 | ||||||
WS Atkins PLC | 5,025 | 89,006 | ||||||
|
| |||||||
Total United Kingdom | 51,309,446 | |||||||
TOTAL INVESTMENTS IN SECURITIES – 99.2% (Cost: $250,645,080) | 241,810,026 | |||||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.8% | 1,995,609 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 243,805,635 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
CVA | – Certificaten Van Aandelen (Certificate of Stock) |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/1/2016 | USD | 22,190 | EUR | 20,000 | $ | 29 | ||||||||||||||
7/4/2016 | GBP | 84,399 | SEK | 950,000 | (700 | ) | ||||||||||||||
7/5/2016 | AUD | 2,143,711 | USD | 1,551,048 | (45,159 | ) | ||||||||||||||
7/5/2016 | AUD | 2,813,584 | USD | 2,035,746 | (59,248 | ) | ||||||||||||||
7/5/2016 | AUD | 2,813,560 | USD | 2,035,746 | (59,231 | ) | ||||||||||||||
7/5/2016 | AUD | 2,813,669 | USD | 2,035,746 | (59,312 | ) | ||||||||||||||
7/5/2016 | AUD | 2,813,487 | USD | 2,035,746 | (59,176 | ) | ||||||||||||||
7/5/2016 | AUD | 275,127 | USD | 200,912 | (3,947 | ) | ||||||||||||||
7/5/2016 | CHF | 3,235,432 | USD | 3,259,106 | (62,011 | ) | ||||||||||||||
7/5/2016 | CHF | 4,246,342 | USD | 4,277,573 | (81,226 | ) | ||||||||||||||
7/5/2016 | CHF | 4,246,321 | USD | 4,277,573 | $ | (81,205 | ) | |||||||||||||
7/5/2016 | CHF | 4,246,389 | USD | 4,277,573 | (81,275 | ) | ||||||||||||||
7/5/2016 | CHF | 4,246,206 | USD | 4,277,573 | (81,086 | ) | ||||||||||||||
7/5/2016 | CHF | 408,015 | USD | 422,164 | 3,344 | |||||||||||||||
7/5/2016 | DKK | 1,502,806 | USD | 225,122 | 715 | |||||||||||||||
7/5/2016 | DKK | 1,972,139 | USD | 295,470 | 980 | |||||||||||||||
7/5/2016 | DKK | 1,972,092 | USD | 295,470 | 987 | |||||||||||||||
7/5/2016 | DKK | 1,972,233 | USD | 295,470 | 966 | |||||||||||||||
7/5/2016 | DKK | 1,972,073 | USD | 295,470 | 990 | |||||||||||||||
7/5/2016 | DKK | 194,412 | USD | 29,161 | 130 | |||||||||||||||
7/5/2016 | EUR | 5,446,956 | USD | 6,070,382 | 19,089 | |||||||||||||||
7/5/2016 | EUR | 7,148,902 | USD | 7,967,373 | 25,304 | |||||||||||||||
7/5/2016 | EUR | 7,148,922 | USD | 7,967,373 | 25,283 | |||||||||||||||
7/5/2016 | EUR | 7,149,217 | USD | 7,967,373 | 24,955 | |||||||||||||||
7/5/2016 | EUR | 7,148,678 | USD | 7,967,373 | 25,554 | |||||||||||||||
7/5/2016 | EUR | 704,910 | USD | 786,318 | 3,199 | |||||||||||||||
7/5/2016 | GBP | 290,647 | CHF | 377,542 | (997 | ) | ||||||||||||||
7/5/2016 | GBP | 1,877,634 | JPY | 258,000,000 | 4,844 | |||||||||||||||
7/5/2016 | GBP | 5,045,216 | USD | 7,344,977 | 600,532 | |||||||||||||||
7/5/2016 | GBP | 6,622,048 | USD | 9,640,278 | 787,924 | |||||||||||||||
7/5/2016 | GBP | 6,622,162 | USD | 9,640,278 | 787,772 | |||||||||||||||
7/5/2016 | GBP | 6,622,071 | USD | 9,640,278 | 787,893 | |||||||||||||||
7/5/2016 | GBP | 6,621,852 | USD | 9,640,278 | 788,185 | |||||||||||||||
7/5/2016 | GBP | 676,248 | USD | 951,421 | 47,412 | |||||||||||||||
7/5/2016 | ILS | 463,121 | USD | 120,298 | 41 | |||||||||||||||
7/5/2016 | ILS | 607,735 | USD | 157,889 | 81 | |||||||||||||||
7/5/2016 | ILS | 607,683 | USD | 157,889 | 94 | |||||||||||||||
7/5/2016 | ILS | 607,788 | USD | 157,889 | 67 | |||||||||||||||
7/5/2016 | ILS | 607,735 | USD | 157,889 | 81 | |||||||||||||||
7/5/2016 | ILS | 60,478 | USD | 15,582 | (122 | ) | ||||||||||||||
7/5/2016 | JPY | 316,710,989 | USD | 2,858,983 | (228,170 | ) | ||||||||||||||
7/5/2016 | JPY | 415,699,288 | USD | 3,752,415 | (299,630 | ) | ||||||||||||||
7/5/2016 | JPY | 415,677,524 | USD | 3,752,415 | (299,418 | ) | ||||||||||||||
7/5/2016 | JPY | 415,708,669 | USD | 3,752,415 | (299,721 | ) | ||||||||||||||
7/5/2016 | JPY | 415,684,653 | USD | 3,752,415 | (299,487 | ) | ||||||||||||||
7/5/2016 | JPY | 38,458,482 | USD | 370,334 | (4,542 | ) | ||||||||||||||
7/5/2016 | NOK | 803,365 | USD | 96,049 | 44 | |||||||||||||||
7/5/2016 | NOK | 1,054,401 | USD | 126,059 | 54 | |||||||||||||||
7/5/2016 | NOK | 1,054,380 | USD | 126,059 | 57 | |||||||||||||||
7/5/2016 | NOK | 1,054,359 | USD | 126,059 | 59 | |||||||||||||||
7/5/2016 | NOK | 1,054,366 | USD | 126,059 | 59 | |||||||||||||||
7/5/2016 | NOK | 105,233 | USD | 12,441 | (135 | ) | ||||||||||||||
7/5/2016 | NZD | 64,450 | USD | 43,528 | (2,373 | ) | ||||||||||||||
7/5/2016 | NZD | 84,589 | USD | 57,129 | (3,115 | ) | ||||||||||||||
7/5/2016 | NZD | 84,590 | USD | 57,129 | (3,116 | ) | ||||||||||||||
7/5/2016 | NZD | 84,591 | USD | 57,129 | (3,117 | ) | ||||||||||||||
7/5/2016 | NZD | 84,587 | USD | 57,129 | (3,114 | ) | ||||||||||||||
7/5/2016 | NZD | 8,083 | USD | 5,638 | (119 | ) | ||||||||||||||
7/5/2016 | SEK | 5,658,337 | USD | 678,285 | 10,453 | |||||||||||||||
7/5/2016 | SEK | 7,426,122 | USD | 890,248 | 13,772 | |||||||||||||||
7/5/2016 | SEK | 7,426,716 | USD | 890,248 | 13,701 | |||||||||||||||
7/5/2016 | SEK | 7,426,237 | USD | 890,248 | 13,758 | |||||||||||||||
7/5/2016 | SEK | 7,426,603 | USD | 890,248 | 13,715 | |||||||||||||||
7/5/2016 | SEK | 739,945 | USD | 87,861 | 528 | |||||||||||||||
7/5/2016 | SGD | 543,297 | USD | 394,359 | (9,309 | ) | ||||||||||||||
7/5/2016 | SGD | 712,988 | USD | 517,591 | (12,157 | ) | ||||||||||||||
7/5/2016 | SGD | 712,914 | USD | 517,591 | (12,102 | ) | ||||||||||||||
7/5/2016 | SGD | 712,922 | USD | 517,591 | (12,108 | ) |
See Notes to Financial Statements.
36 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2016 | SGD | 713,007 | USD | 517,591 | $ | (12,172 | ) | |||||||||||||
7/5/2016 | SGD | 69,162 | USD | 51,082 | (305 | ) | ||||||||||||||
7/5/2016 | USD | 113,448 | AUD | 152,031 | (246 | ) | ||||||||||||||
7/5/2016 | USD | 2,054,114 | AUD | 2,758,544 | (102 | ) | ||||||||||||||
7/5/2016 | USD | 2,054,114 | AUD | 2,758,570 | (83 | ) | ||||||||||||||
7/5/2016 | USD | 2,054,114 | AUD | 2,758,600 | (61 | ) | ||||||||||||||
7/5/2016 | USD | 1,565,040 | AUD | 2,101,910 | 42 | |||||||||||||||
7/5/2016 | USD | 2,054,114 | AUD | 2,758,544 | (102 | ) | ||||||||||||||
7/5/2016 | USD | 238,381 | CHF | 228,483 | (3,847 | ) | ||||||||||||||
7/5/2016 | USD | 4,316,168 | CHF | 4,204,811 | — | |||||||||||||||
7/5/2016 | USD | 4,316,168 | CHF | 4,204,595 | (222 | ) | ||||||||||||||
7/5/2016 | USD | 4,316,168 | CHF | 4,204,686 | (128 | ) | ||||||||||||||
7/5/2016 | USD | 3,288,509 | CHF | 3,203,764 | 101 | |||||||||||||||
7/5/2016 | USD | 4,316,168 | CHF | 4,204,811 | — | |||||||||||||||
7/5/2016 | USD | 16,466 | DKK | 107,922 | (350 | ) | ||||||||||||||
7/5/2016 | USD | 298,136 | DKK | 1,996,657 | 15 | |||||||||||||||
7/5/2016 | USD | 298,136 | DKK | 1,996,656 | 15 | |||||||||||||||
7/5/2016 | USD | 227,153 | DKK | 1,521,273 | 11 | |||||||||||||||
7/5/2016 | USD | 298,136 | DKK | 1,996,657 | 15 | |||||||||||||||
7/5/2016 | USD | 298,136 | DKK | 1,996,557 | — | |||||||||||||||
7/5/2016 | USD | 444,007 | EUR | 391,385 | (9,198 | ) | ||||||||||||||
7/5/2016 | USD | 8,039,258 | EUR | 7,236,238 | (163 | ) | ||||||||||||||
7/5/2016 | USD | 8,039,258 | EUR | 7,236,023 | (402 | ) | ||||||||||||||
7/5/2016 | USD | 8,039,258 | EUR | 7,236,056 | (366 | ) | ||||||||||||||
7/5/2016 | USD | 8,039,258 | EUR | 7,236,017 | (409 | ) | ||||||||||||||
7/5/2016 | USD | 6,125,153 | EUR | 5,513,288 | (169 | ) | ||||||||||||||
7/5/2016 | USD | 537,235 | GBP | 365,490 | (48,648 | ) | ||||||||||||||
7/5/2016 | USD | 9,727,257 | GBP | 7,276,306 | (290 | ) | ||||||||||||||
7/5/2016 | USD | 9,727,257 | GBP | 7,276,159 | (487 | ) | ||||||||||||||
7/5/2016 | USD | 9,727,257 | GBP | 7,276,197 | (436 | ) | ||||||||||||||
7/5/2016 | USD | 9,727,257 | GBP | 7,276,159 | (487 | ) | ||||||||||||||
7/5/2016 | USD | 7,411,247 | GBP | 5,543,855 | (221 | ) | ||||||||||||||
7/5/2016 | USD | 8,799 | ILS | 33,926 | 11 | |||||||||||||||
7/5/2016 | USD | 159,313 | ILS | 613,487 | (11 | ) | ||||||||||||||
7/5/2016 | USD | 159,313 | ILS | 613,346 | (48 | ) | ||||||||||||||
7/5/2016 | USD | 159,313 | ILS | 613,498 | (8 | ) | ||||||||||||||
7/5/2016 | USD | 159,313 | ILS | 613,500 | (8 | ) | ||||||||||||||
7/5/2016 | USD | 121,385 | ILS | 467,443 | (6 | ) | ||||||||||||||
7/5/2016 | USD | 209,115 | JPY | 21,814,877 | 3,526 | |||||||||||||||
7/5/2016 | USD | 3,786,271 | JPY | 388,425,969 | (74 | ) | ||||||||||||||
7/5/2016 | USD | 3,786,271 | JPY | 388,413,853 | (192 | ) | ||||||||||||||
7/5/2016 | USD | 3,786,271 | JPY | 388,414,231 | (188 | ) | ||||||||||||||
7/5/2016 | USD | 2,884,778 | JPY | 295,958,029 | 84 | |||||||||||||||
7/5/2016 | USD | 3,786,271 | JPY | 388,414,231 | (188 | ) | ||||||||||||||
7/5/2016 | USD | 7,025 | NOK | 57,973 | (97 | ) | ||||||||||||||
7/5/2016 | USD | 127,197 | NOK | 1,077,045 | 1,514 | |||||||||||||||
7/5/2016 | USD | 127,197 | NOK | 1,064,325 | (6 | ) | ||||||||||||||
7/5/2016 | USD | 127,197 | NOK | 1,064,325 | (6 | ) | ||||||||||||||
7/5/2016 | USD | 96,913 | NOK | 810,987 | 3 | |||||||||||||||
7/5/2016 | USD | 127,197 | NOK | 1,064,378 | — | |||||||||||||||
7/5/2016 | USD | 3,184 | NZD | 4,480 | 7 | |||||||||||||||
7/5/2016 | USD | 57,644 | NZD | 80,934 | (3 | ) | ||||||||||||||
7/5/2016 | USD | 57,644 | NZD | 80,936 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 57,644 | NZD | 80,935 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 57,644 | NZD | 80,938 | — | |||||||||||||||
7/5/2016 | USD | 43,922 | NZD | 61,673 | 1 | |||||||||||||||
7/5/2016 | USD | 49,612 | SEK | 408,584 | (1,388 | ) | ||||||||||||||
7/5/2016 | USD | 898,280 | SEK | 7,610,476 | (45 | ) | ||||||||||||||
7/5/2016 | USD | 898,280 | SEK | 7,610,477 | $ | (45 | ) | |||||||||||||
7/5/2016 | USD | 898,280 | SEK | 7,610,471 | (46 | ) | ||||||||||||||
7/5/2016 | USD | 898,280 | SEK | 7,610,857 | — | |||||||||||||||
7/5/2016 | USD | 684,406 | SEK | 5,798,938 | 20 | |||||||||||||||
7/5/2016 | USD | 28,844 | SGD | 38,751 | (52 | ) | ||||||||||||||
7/5/2016 | USD | 522,261 | SGD | 702,805 | (79 | ) | ||||||||||||||
7/5/2016 | USD | 522,261 | SGD | 702,942 | 23 | |||||||||||||||
7/5/2016 | USD | 522,261 | SGD | 702,982 | 52 | |||||||||||||||
7/5/2016 | USD | 522,261 | SGD | 702,911 | — | |||||||||||||||
7/5/2016 | USD | 397,917 | SGD | 535,584 | 21 | |||||||||||||||
8/2/2016 | DKK | 1,842,779 | USD | 275,404 | (47 | ) | ||||||||||||||
8/2/2016 | DKK | 1,842,666 | USD | 275,404 | (30 | ) | ||||||||||||||
8/2/2016 | DKK | 1,403,871 | USD | 209,833 | (12 | ) | ||||||||||||||
8/2/2016 | DKK | 178,146 | USD | 26,628 | (1 | ) | ||||||||||||||
8/2/2016 | DKK | 1,842,592 | USD | 275,404 | (19 | ) | ||||||||||||||
8/2/2016 | DKK | 1,842,685 | USD | 275,404 | (33 | ) | ||||||||||||||
8/2/2016 | EUR | 7,243,425 | USD | 8,055,304 | 132 | |||||||||||||||
8/2/2016 | EUR | 7,243,184 | USD | 8,055,304 | 400 | |||||||||||||||
8/2/2016 | EUR | 7,243,535 | USD | 8,055,304 | 9 | |||||||||||||||
8/2/2016 | EUR | 7,243,516 | USD | 8,055,304 | 30 | |||||||||||||||
8/2/2016 | EUR | 5,519,024 | USD | 6,137,375 | (148 | ) | ||||||||||||||
8/2/2016 | EUR | 700,372 | USD | 778,854 | (7 | ) | ||||||||||||||
8/2/2016 | GBP | 6,338,603 | USD | 8,475,225 | 85 | |||||||||||||||
8/2/2016 | GBP | 6,338,987 | USD | 8,475,225 | (428 | ) | ||||||||||||||
8/2/2016 | GBP | 6,338,517 | USD | 8,475,225 | 199 | |||||||||||||||
8/2/2016 | GBP | 4,829,111 | USD | 6,457,318 | 470 | |||||||||||||||
8/2/2016 | GBP | 613,060 | USD | 819,456 | (247 | ) | ||||||||||||||
8/2/2016 | GBP | 6,338,574 | USD | 8,475,225 | 123 | |||||||||||||||
8/2/2016 | ILS | 588,773 | USD | 152,924 | (39 | ) | ||||||||||||||
8/2/2016 | ILS | 588,475 | USD | 152,924 | 38 | |||||||||||||||
8/2/2016 | ILS | 588,681 | USD | 152,924 | (15 | ) | ||||||||||||||
8/2/2016 | ILS | 588,730 | USD | 152,924 | (28 | ) | ||||||||||||||
8/2/2016 | ILS | 448,482 | USD | 116,514 | (2 | ) | ||||||||||||||
8/2/2016 | ILS | 56,914 | USD | 14,786 | — | |||||||||||||||
8/2/2016 | NOK | 1,052,298 | USD | 124,269 | (1,481 | ) | ||||||||||||||
8/2/2016 | NOK | 1,039,894 | USD | 124,269 | 1 | |||||||||||||||
8/2/2016 | NOK | 1,039,908 | USD | 124,269 | — | |||||||||||||||
8/2/2016 | NOK | 792,376 | USD | 94,683 | (6 | ) | ||||||||||||||
8/2/2016 | NOK | 100,548 | USD | 12,015 | — | |||||||||||||||
8/2/2016 | NOK | 1,039,927 | USD | 124,269 | (3 | ) | ||||||||||||||
8/2/2016 | NZD | 63,076 | USD | 44,859 | 1 | |||||||||||||||
8/2/2016 | NZD | 63,077 | USD | 44,859 | 1 | |||||||||||||||
8/2/2016 | NZD | 63,076 | USD | 44,859 | 1 | |||||||||||||||
8/2/2016 | NZD | 63,078 | USD | 44,859 | — | |||||||||||||||
8/2/2016 | NZD | 48,065 | USD | 34,180 | (2 | ) | ||||||||||||||
8/2/2016 | NZD | 6,099 | USD | 4,337 | — | |||||||||||||||
8/2/2016 | SEK | 7,142,759 | USD | 844,077 | 25 | |||||||||||||||
8/2/2016 | SEK | 7,142,859 | USD | 844,077 | 13 | |||||||||||||||
8/2/2016 | SEK | 7,142,845 | USD | 844,077 | 15 | |||||||||||||||
8/2/2016 | SEK | 7,143,193 | USD | 844,077 | (26 | ) | ||||||||||||||
8/2/2016 | SEK | 5,442,695 | USD | 643,109 | (48 | ) | ||||||||||||||
8/2/2016 | SEK | 690,661 | USD | 81,612 | (3 | ) | ||||||||||||||
8/3/2016 | AUD | 820,109 | USD | 610,016 | 16 | |||||||||||||||
8/3/2016 | AUD | 820,101 | USD | 610,016 | 21 | |||||||||||||||
8/3/2016 | AUD | 820,099 | USD | 610,016 | 23 | |||||||||||||||
8/3/2016 | AUD | 820,123 | USD | 610,016 | 5 | |||||||||||||||
8/3/2016 | AUD | 624,895 | USD | 464,776 | (24 | ) | ||||||||||||||
8/3/2016 | AUD | 79,298 | USD | 58,981 | (1 | ) |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 37 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2016
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
8/3/2016 | CHF | 2,485,160 | USD | 2,555,645 | $ | (160 | ) | |||||||||||||
8/3/2016 | CHF | 2,485,378 | USD | 2,555,645 | (383 | ) | ||||||||||||||
8/3/2016 | CHF | 2,485,482 | USD | 2,555,645 | (491 | ) | ||||||||||||||
8/3/2016 | CHF | 1,893,497 | USD | 1,947,161 | (162 | ) | ||||||||||||||
8/3/2016 | CHF | 240,319 | USD | 247,101 | (50 | ) | ||||||||||||||
8/3/2016 | CHF | 2,485,112 | USD | 2,555,645 | (110 | ) | ||||||||||||||
8/3/2016 | JPY | 428,046,172 | USD | 4,176,048 | (96 | ) | ||||||||||||||
8/3/2016 | JPY | 428,028,633 | USD | 4,176,048 | 75 | |||||||||||||||
8/3/2016 | JPY | 428,052,854 | USD | 4,176,048 | (162 | ) | ||||||||||||||
8/3/2016 | JPY | 428,044,502 | USD | 4,176,048 | (80 | ) | ||||||||||||||
8/3/2016 | JPY | 326,148,978 | USD | 3,181,755 | (250 | ) | ||||||||||||||
8/3/2016 | JPY | 41,388,269 | USD | 403,775 | (21 | ) | ||||||||||||||
8/3/2016 | SGD | 640,409 | �� | USD | 475,505 | (214 | ) | |||||||||||||
8/3/2016 | SGD | 640,210 | USD | 475,505 | (67 | ) | ||||||||||||||
8/3/2016 | SGD | 640,317 | USD | 475,505 | (146 | ) | ||||||||||||||
8/3/2016 | SGD | 640,238 | USD | 475,505 | (87 | ) | ||||||||||||||
8/3/2016 | SGD | 487,864 | USD | 362,290 | (113 | ) | ||||||||||||||
8/3/2016 | SGD | 61,901 | USD | 45,976 | (6 | ) | ||||||||||||||
$ | 1,756,731 |
CURRENCY LEGEND |
AUD – Australian dollar
CHF – Swiss franc
DKK – Danish krone
EUR – Euro
GBP – British pound
ILS – Israeli New shekel
JPY – Japanese yen
NOK – Norwegian krone
NZD – New Zealand dollar
SEK – Swedish krona
SGD – Singapore dollar
USD – U.S. dollar
See Notes to Financial Statements.
38 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
Australia – 12.9% | ||||||||
Ainsworth Game Technology Ltd. | 1,049 | $ | 1,687 | |||||
ALS Ltd. | 1,263 | 4,599 | ||||||
Altium Ltd. | 434 | 2,088 | ||||||
Ansell Ltd. | 357 | 4,830 | ||||||
AP Eagers Ltd. | 338 | 3,002 | ||||||
APN Outdoor Group Ltd. | 227 | 1,166 | ||||||
ARB Corp., Ltd. | 153 | 1,907 | ||||||
Asaleo Care Ltd. | 2,071 | 3,238 | ||||||
AUB Group Ltd. | 254 | 1,910 | ||||||
Austal Ltd. | 1,062 | 957 | ||||||
Automotive Holdings Group Ltd. | 1,555 | 4,354 | ||||||
Beacon Lighting Group Ltd. | 871 | 882 | ||||||
Blackmores Ltd. | 29 | 2,837 | ||||||
Breville Group Ltd. | 465 | 2,593 | ||||||
Brickworks Ltd. | 267 | 2,855 | ||||||
BT Investment Management Ltd. | 943 | 5,533 | ||||||
Cabcharge Australia Ltd. | 656 | 1,558 | ||||||
carsales.com Ltd. | 617 | 5,660 | ||||||
Cash Converters International Ltd. | 2,525 | 818 | ||||||
Cedar Woods Properties Ltd. | 455 | 1,474 | ||||||
Cleanaway Waste Management Ltd. | 3,349 | 1,995 | ||||||
Corporate Travel Management Ltd. | 86 | 897 | ||||||
CSG Ltd. | 1,045 | 1,159 | ||||||
CSR Ltd. | 2,756 | 7,470 | ||||||
Decmil Group Ltd. | 1,850 | 985 | ||||||
Dicker Data Ltd. | 651 | 868 | ||||||
Downer EDI Ltd. | 2,001 | 5,662 | ||||||
DuluxGroup Ltd. | 876 | 4,122 | ||||||
Eclipx Group Ltd. | 654 | 1,787 | ||||||
ERM Power Ltd. | 1,534 | 959 | ||||||
Estia Health Ltd. | 781 | 2,681 | ||||||
Event Hospitality and Entertainment Ltd. | 312 | 3,376 | ||||||
Evolution Mining Ltd. | 1,501 | 2,604 | ||||||
Fairfax Media Ltd. | 8,371 | 5,797 | ||||||
Flight Centre Travel Group Ltd. | 375 | 8,818 | ||||||
Folkestone Education Trust | 1,183 | 2,352 | ||||||
G8 Education Ltd. | 1,658 | 4,679 | ||||||
Genworth Mortgage Insurance Australia Ltd. | 4,707 | 9,638 | ||||||
GrainCorp Ltd. Class A | 376 | 2,416 | ||||||
Greencross Ltd. | 311 | 1,565 | ||||||
GUD Holdings Ltd. | 289 | 1,960 | ||||||
GWA Group Ltd. | 587 | 914 | ||||||
HFA Holdings Ltd. | 907 | 1,547 | ||||||
Iluka Resources Ltd. | 1,177 | 5,688 | ||||||
IMF Bentham Ltd. | 776 | 881 | ||||||
Infomedia Ltd. | 1,742 | 752 | ||||||
Invocare Ltd. | 281 | 2,749 | ||||||
IOOF Holdings Ltd. | 1,662 | 9,690 | ||||||
IPH Ltd. | 384 | 1,836 | ||||||
IRESS Ltd. | 529 | 4,290 | ||||||
JB Hi-Fi Ltd. | 355 | 6,370 | ||||||
Lovisa Holdings Ltd. | 403 | 696 | ||||||
MACA Ltd. | 3,535 | $ | 3,317 | |||||
McMillan Shakespeare Ltd. | 298 | 3,035 | ||||||
Mineral Resources Ltd. | 629 | 3,892 | ||||||
Monadelphous Group Ltd. | 811 | 4,505 | ||||||
Monash IVF Group Ltd. | 806 | 1,092 | ||||||
Mortgage Choice Ltd. | 997 | 1,448 | ||||||
Myer Holdings Ltd. | 944 | 787 | ||||||
MYOB Group Ltd. | 671 | 1,724 | ||||||
MyState Ltd. | 580 | 1,784 | ||||||
Navitas Ltd. | 1,376 | 5,625 | ||||||
NIB Holdings Ltd. | 1,208 | 3,796 | ||||||
Nine Entertainment Co. Holdings Ltd. | 7,807 | 6,104 | ||||||
Northern Star Resources Ltd. | 999 | 3,675 | ||||||
Nufarm Ltd. | 184 | 1,010 | ||||||
Orora Ltd. | 3,247 | 6,673 | ||||||
OZ Minerals Ltd. | 765 | 3,218 | ||||||
Pacific Brands Ltd. | 936 | 732 | ||||||
Pact Group Holdings Ltd. | 1,091 | 4,899 | ||||||
Perpetual Ltd. | 238 | 7,287 | ||||||
Premier Investments Ltd. | 396 | 4,205 | ||||||
Primary Health Care Ltd. | 1,830 | 5,382 | ||||||
Programmed Maintenance Services Ltd. | 1,691 | 2,210 | ||||||
Qube Holdings Ltd.(a) | 1,816 | 2,988 | ||||||
Regis Healthcare Ltd. | 1,428 | 4,987 | ||||||
Regis Resources Ltd. | 973 | 2,478 | ||||||
Retail Food Group Ltd. | 554 | 2,281 | ||||||
Sandfire Resources NL | 357 | 1,390 | ||||||
Select Harvests Ltd. | 438 | 2,198 | ||||||
Servcorp Ltd. | 350 | 1,801 | ||||||
Service Stream Ltd. | 460 | 269 | ||||||
Seven Group Holdings Ltd. | 1,600 | 7,160 | ||||||
Seven West Media Ltd. | 9,964 | 7,864 | ||||||
SG Fleet Group Ltd. | 579 | 1,569 | ||||||
Sigma Pharmaceuticals Ltd. | 2,836 | 2,386 | ||||||
Sims Metal Management Ltd. | 445 | 2,591 | ||||||
Sirtex Medical Ltd. | 36 | 685 | ||||||
Slater & Gordon Ltd. | 3,622 | 1,052 | ||||||
SmartGroup Corp. Ltd. | 188 | 805 | ||||||
Southern Cross Media Group Ltd. | 3,834 | 3,554 | ||||||
Spotless Group Holdings Ltd. | 6,405 | 5,341 | ||||||
Steadfast Group Ltd. | 1,478 | 2,174 | ||||||
Super Retail Group Ltd. | 698 | 4,558 | ||||||
Technology One Ltd. | 425 | 1,636 | ||||||
TFS Corp. Ltd. | 850 | 892 | ||||||
Thorn Group Ltd. | 1,255 | 1,299 | ||||||
Tox Free Solutions Ltd. | 410 | 791 | ||||||
Villa World Ltd. | 776 | 1,202 | ||||||
Virtus Health Ltd. | 356 | 1,821 | ||||||
Webjet Ltd. | 330 | 1,742 | ||||||
WPP AUNZ Ltd. | 3,121 | 2,440 | ||||||
|
| |||||||
Total Australia | 307,505 | |||||||
Austria – 1.2% | ||||||||
ams AG | 125 | 3,458 | ||||||
Austria Technologie & Systemtechnik AG | 95 | 1,139 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
RHI AG | 137 | $ | 2,626 | |||||
S IMMO AG* | 193 | 1,801 | ||||||
Schoeller-Bleckmann Oilfield Equipment AG | 20 | 1,207 | ||||||
UNIQA Insurance Group AG | 1,954 | 11,666 | ||||||
Verbund AG | 319 | 4,504 | ||||||
Wienerberger AG | 102 | 1,428 | ||||||
Zumtobel Group AG | 64 | 774 | ||||||
|
| |||||||
Total Austria | 28,603 | |||||||
Belgium – 1.6% | ||||||||
Cie d’Entreprises CFE | 63 | 5,724 | ||||||
Econocom Group S.A./N.V.* | 204 | 2,337 | ||||||
Euronav N.V. | 1,504 | 13,775 | ||||||
Ion Beam Applications | 79 | 3,715 | ||||||
Ontex Group N.V. | 92 | 2,888 | ||||||
Recticel S.A. | 153 | 865 | ||||||
Rezidor Hotel Group AB | 360 | 1,483 | ||||||
Warehouses De Pauw | 76 | 7,113 | ||||||
|
| |||||||
Total Belgium | 37,900 | |||||||
China – 1.8% | ||||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 1,000 | 1,184 | ||||||
China South City Holdings Ltd. | 41,774 | 8,077 | ||||||
China Travel International Investment Hong Kong Ltd. | 19,956 | 5,762 | ||||||
CITIC Telecom International Holdings Ltd. | 10,678 | 4,019 | ||||||
Dah Chong Hong Holdings Ltd. | 3,779 | 1,778 | ||||||
Goldpac Group Ltd. | 3,835 | 1,073 | ||||||
Guotai Junan International Holdings Ltd. | 17,052 | 5,781 | ||||||
Shenwan Hongyuan HK Ltd. | 2,326 | 1,178 | ||||||
Shougang Fushan Resources Group Ltd. | 19,903 | 3,540 | ||||||
Shun Tak Holdings Ltd. | 4,918 | 1,547 | ||||||
Sinotruk Hong Kong Ltd. | 3,651 | 1,572 | ||||||
Yuexiu Property Co., Ltd. | 52,638 | 6,446 | ||||||
|
| |||||||
Total China | 41,957 | |||||||
Denmark – 1.1% | ||||||||
Alm Brand A/S | 435 | 2,897 | ||||||
FLSmidth & Co. A/S | 103 | 3,659 | ||||||
Matas A/S | 183 | 3,102 | ||||||
NKT Holding A/S | 19 | 957 | ||||||
Per Aarsleff Holding A/S | 43 | 934 | ||||||
Rockwool International A/S Class B | 11 | 1,984 | ||||||
Schouw & Co. | 49 | 2,711 | ||||||
SimCorp A/S | 34 | 1,663 | ||||||
Spar Nord Bank A/S | 582 | 4,650 | ||||||
Sydbank A/S | 152 | 3,795 | ||||||
|
| |||||||
Total Denmark | 26,352 | |||||||
Finland – 2.6% | ||||||||
Cargotec Oyj Class B | 92 | 3,722 | ||||||
Caverion Corp. | 458 | 2,926 | ||||||
Citycon Oyj | 603 | 1,371 | ||||||
Cramo Oyj | 121 | 2,488 | ||||||
F-Secure Oyj | 301 | 893 | ||||||
HKScan Oyj Class A | 296 | 1,019 | ||||||
Kemira Oyj | 623 | 7,378 | ||||||
Konecranes Oyj | 231 | $ | 5,815 | |||||
Lassila & Tikanoja Oyj | 171 | 3,163 | ||||||
Oriola-KD Oyj Class B | 357 | 1,618 | ||||||
PKC Group Oyj | 86 | 1,618 | ||||||
Raisio Oyj Class V | 491 | 2,111 | ||||||
Ramirent Oyj | 556 | 4,256 | ||||||
Sanoma Oyj | 283 | 1,652 | ||||||
Suominen Oyj | 187 | 835 | ||||||
Technopolis Oyj | 391 | 1,542 | ||||||
Tieto Oyj | 263 | 7,170 | ||||||
Tikkurila Oyj | 170 | 3,071 | ||||||
Uponor Oyj | 192 | 3,025 | ||||||
Valmet Oyj | 357 | 4,739 | ||||||
YIT Oyj | 315 | 2,257 | ||||||
|
| |||||||
Total Finland | 62,669 | |||||||
France – 2.4% | ||||||||
Albioma S.A. | 117 | 1,800 | ||||||
Alten S.A. | 63 | 3,720 | ||||||
Bourbon Corp. | 285 | 3,312 | ||||||
Coface S.A. | 772 | 5,240 | ||||||
Derichebourg S.A. | 284 | 726 | ||||||
Gaztransport Et Technigaz S.A. | 249 | 7,581 | ||||||
IPSOS | 114 | 3,237 | ||||||
Jacquet Metal Service | 122 | 1,609 | ||||||
Metropole Television S.A. | 535 | 8,916 | ||||||
Neopost S.A. | 329 | 7,595 | ||||||
Rallye S.A. | 439 | 7,594 | ||||||
Saft Groupe S.A. | 51 | 2,070 | ||||||
Tarkett S.A. | 86 | 2,814 | ||||||
|
| |||||||
Total France | 56,214 | |||||||
Germany – 4.1% | ||||||||
Aareal Bank AG | 247 | 7,756 | ||||||
alstria office REIT-AG* | 516 | 6,959 | ||||||
AURELIUS SE & Co. KGaA | 111 | 6,500 | ||||||
Aurubis AG | 104 | 4,717 | ||||||
BayWa AG | 77 | 2,306 | ||||||
Bechtle AG | 32 | 3,357 | ||||||
Bertrandt AG | 19 | 1,858 | ||||||
CANCOM SE | 18 | 887 | ||||||
Capital Stage AG | 249 | 1,635 | ||||||
CompuGroup Medical SE | 55 | 2,291 | ||||||
CropEnergies AG* | 219 | 1,241 | ||||||
Drillisch AG | 215 | 8,226 | ||||||
Elmos Semiconductor AG | 71 | 874 | ||||||
ElringKlinger AG | 118 | 2,312 | ||||||
Gerry Weber International AG | 124 | 1,445 | ||||||
GFT Technologies SE | 49 | 974 | ||||||
Grammer AG | 20 | 804 | ||||||
Hamburger Hafen und Logistik AG | 232 | 3,465 | ||||||
Indus Holding AG | 55 | 2,554 | ||||||
Leoni AG | 95 | 2,597 | ||||||
MLP AG | 459 | 1,635 | ||||||
Nemetschek SE | 24 | 1,293 |
See Notes to Financial Statements.
40 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
Pfeiffer Vacuum Technology AG | 27 | $ | 2,524 | |||||
RHOEN-KLINIKUM AG | 213 | 6,231 | ||||||
RIB Software AG | 95 | 920 | ||||||
Salzgitter AG | 40 | 1,053 | ||||||
SHW AG | 26 | 774 | ||||||
Sixt SE | 68 | 3,473 | ||||||
Takkt AG | 131 | 2,576 | ||||||
TLG Immobilien AG | 198 | 4,153 | ||||||
VTG AG | 56 | 1,618 | ||||||
Wacker Neuson SE | 201 | 3,110 | ||||||
Wuestenrot & Wuerttembergische AG | 261 | 4,712 | ||||||
Zeal Network SE | 60 | 2,119 | ||||||
|
| |||||||
Total Germany | 98,949 | |||||||
Hong Kong – 1.0% | ||||||||
Chong Hing Bank Ltd. | 1,000 | 2,037 | ||||||
Chu Kong Shipping Enterprises Group Co., Ltd. | 4,407 | 1,136 | ||||||
Dah Sing Financial Holdings Ltd. | 800 | 4,919 | ||||||
Hongkong & Shanghai Hotels Ltd. (The) | 1,549 | 1,569 | ||||||
Lai Sun Development Co., Ltd. | 72,107 | 1,106 | ||||||
Television Broadcasts Ltd. | 3,523 | 12,034 | ||||||
Tradelink Electronic Commerce Ltd. | 6,356 | 1,278 | ||||||
Vitasoy International Holdings Ltd. | 520 | 944 | ||||||
|
| |||||||
Total Hong Kong | 25,023 | |||||||
Indonesia – 0.1% | ||||||||
Bumitama Agri Ltd. | 4,247 | 2,414 | ||||||
Ireland – 0.6% | ||||||||
C&C Group PLC | 946 | 3,707 | ||||||
Fyffes PLC | 437 | 670 | ||||||
Greencore Group PLC | 752 | 3,091 | ||||||
Irish Continental Group PLC | 294 | 1,372 | ||||||
Origin Enterprises PLC | 424 | 2,558 | ||||||
UDG Healthcare PLC | 288 | 2,279 | ||||||
|
| |||||||
Total Ireland | 13,677 | |||||||
Israel – 2.7% | ||||||||
Africa Israel Properties Ltd. | 204 | 3,152 | ||||||
Amot Investments Ltd. | 1,018 | 4,150 | ||||||
Avgol Industries 1953 Ltd. | 1,014 | 1,126 | ||||||
B Communications Ltd. | 279 | 6,665 | ||||||
Delek Automotive Systems Ltd. | 476 | 3,981 | ||||||
Delek Group Ltd. | 49 | 9,526 | ||||||
Direct Insurance Financial Investments Ltd. | 223 | 1,602 | ||||||
El Al Israel Airlines | 1,647 | 1,095 | ||||||
First International Bank of Israel Ltd. | 251 | 3,073 | ||||||
Gazit-Globe Ltd. | 800 | 7,146 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 492 | 1,718 | ||||||
Industrial Buildings Corp., Ltd. | 1,909 | 1,921 | ||||||
Inrom Construction Industries Ltd. | 830 | 2,518 | ||||||
Matrix IT Ltd. | 306 | 1,950 | ||||||
Maytronics Ltd. | 480 | 1,421 | ||||||
Melisron Ltd. | 118 | 4,743 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 35 | 1,318 | ||||||
Shikun & Binui Ltd. | 2,212 | 3,765 | ||||||
Shufersal Ltd. | 581 | $ | 1,945 | |||||
Strauss Group Ltd. | 135 | 2,120 | ||||||
|
| |||||||
Total Israel | 64,935 | |||||||
Italy – 4.8% | ||||||||
Anima Holding SpA(b) | 1,371 | 6,412 | ||||||
Ansaldo STS SpA | 336 | 3,822 | ||||||
Ascopiave SpA | 1,429 | 4,286 | ||||||
Astaldi SpA | 428 | 1,729 | ||||||
ASTM SpA | 272 | 2,955 | ||||||
Autogrill SpA | 479 | 3,858 | ||||||
Banca IFIS SpA | 83 | 1,674 | ||||||
Banco Popolare | 1,593 | 3,794 | ||||||
BasicNet SpA | 384 | 1,194 | ||||||
Biesse SpA | 117 | 1,466 | ||||||
Cairo Communication SpA | 386 | 1,930 | ||||||
Cerved Information Solutions SpA | 439 | 3,451 | ||||||
Cofide SpA | 3,121 | 1,193 | ||||||
Credito Emiliano SpA | 777 | 4,692 | ||||||
Credito Valtellinese | 6,792 | 3,101 | ||||||
ERG SpA | 389 | 4,425 | ||||||
Esprinet SpA | 157 | 899 | ||||||
Geox SpA | 606 | 1,877 | ||||||
Gruppo MutuiOnline SpA | 137 | 1,194 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 3,008 | 2,453 | ||||||
Industria Macchine Automatiche SpA | 96 | 5,765 | ||||||
Interpump Group SpA | 141 | 2,202 | ||||||
Iren SpA | 4,021 | 6,209 | ||||||
Italmobiliare SpA RSP | 38 | 1,083 | ||||||
La Doria SpA* | 99 | 1,241 | ||||||
Maire Tecnimont SpA | 607 | 1,525 | ||||||
MARR SpA | 223 | 4,214 | ||||||
Moleskine SpA | 339 | 811 | ||||||
OVS SpA(b) | 515 | 2,995 | ||||||
RAI Way SpA(b) | 222 | 999 | ||||||
Saras SpA | 7,957 | 13,781 | ||||||
Societa Cattolica di Assicurazioni SCRL | 334 | 2,104 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 618 | 5,317 | ||||||
Tod’s SpA | 115 | 6,162 | ||||||
TREVI – Finanziaria Industriale SpA | 864 | 1,186 | ||||||
Zignago Vetro SpA | 247 | 1,504 | ||||||
|
| |||||||
Total Italy | 113,503 | |||||||
Japan – 26.5% | ||||||||
77 Bank Ltd. (The) | 704 | 2,443 | ||||||
Accordia Golf Co., Ltd. | 182 | 1,902 | ||||||
Adastria Co., Ltd. | 40 | 1,575 | ||||||
Aderans Co., Ltd. | 150 | 738 | ||||||
Advantest Corp. | 200 | 2,213 | ||||||
Aichi Steel Corp. | 228 | 1,005 | ||||||
Airport Facilities Co., Ltd. | 235 | 1,143 | ||||||
AIT Corp. | 129 | 1,045 | ||||||
Akita Bank Ltd. (The) | 396 | 1,127 | ||||||
Alinco, Inc. | 154 | 1,444 | ||||||
Amano Corp. | 200 | 3,462 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 41 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
Aomori Bank Ltd. (The) | 487 | $ | 1,348 | |||||
Aoyama Trading Co., Ltd. | 100 | 3,665 | ||||||
Arakawa Chemical Industries Ltd. | 105 | 963 | ||||||
Arcland Sakamoto Co., Ltd. | 82 | 906 | ||||||
Artnature, Inc. | 107 | 846 | ||||||
As One Corp. | 35 | 1,404 | ||||||
Asahi Broadcasting Corp. | 208 | 1,257 | ||||||
ASKUL Corp. | 25 | 919 | ||||||
Asunaro Aoki Construction Co., Ltd. | 156 | 1,043 | ||||||
Avex Group Holdings, Inc. | 100 | 1,125 | ||||||
Awa Bank Ltd. (The) | 350 | 1,818 | ||||||
Azbil Corp. | 100 | 2,929 | ||||||
Bando Chemical Industries Ltd. | 177 | 852 | ||||||
Bank of Iwate Ltd. (The) | 33 | 1,238 | ||||||
Bank of Nagoya Ltd. (The) | 492 | 1,525 | ||||||
Bank of Okinawa Ltd. (The) | 42 | 1,224 | ||||||
Bell System24 Holdings, Inc. | 101 | 806 | ||||||
Belluna Co., Ltd. | 155 | 866 | ||||||
Benesse Holdings, Inc. | 201 | 4,704 | ||||||
Bic Camera, Inc. | 149 | 1,365 | ||||||
BP Castrol K.K.(a) | 200 | 2,306 | ||||||
Bunka Shutter Co., Ltd. | 111 | 884 | ||||||
Calsonic Kansei Corp. | 171 | 1,287 | ||||||
Capcom Co., Ltd. | 44 | 1,010 | ||||||
Cawachi Ltd. | 100 | 2,382 | ||||||
Central Glass Co., Ltd. | 207 | 886 | ||||||
Chiyoda Integre Co., Ltd. | 65 | 1,196 | ||||||
Chofu Seisakusho Co., Ltd. | 41 | 989 | ||||||
Chugoku Bank Ltd. (The) | 239 | 2,418 | ||||||
Ci:z Holdings Co., Ltd. | 100 | 2,186 | ||||||
COMSYS Holdings Corp. | 200 | 3,225 | ||||||
CONEXIO Corp. | 200 | 2,497 | ||||||
Cosmo Energy Holdings Co., Ltd. | 119 | 1,443 | ||||||
Daido Metal Co., Ltd. | 104 | 988 | ||||||
Daifuku Co., Ltd. | 100 | 1,772 | ||||||
Daihen Corp. | 185 | 802 | ||||||
Daiichi Jitsugyo Co., Ltd. | 174 | 748 | ||||||
Daiichikosho Co., Ltd. | 71 | 2,972 | ||||||
Daiken Corp. | 410 | 1,299 | ||||||
Daikoku Denki Co., Ltd. | 71 | 994 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 313 | 1,248 | ||||||
DCM Holdings Co., Ltd. | 234 | 1,996 | ||||||
Denka Co., Ltd. | 373 | 1,494 | ||||||
Denyo Co., Ltd. | 95 | 977 | ||||||
Descente Ltd. | 83 | 890 | ||||||
Dexerials Corp. | 255 | 1,777 | ||||||
DIC Corp. | 168 | 3,486 | ||||||
Dip Corp. | 54 | 1,440 | ||||||
DMG Mori Co., Ltd. | 144 | 1,364 | ||||||
Doshisha Co., Ltd. | 46 | 879 | ||||||
Doutor Nichires Holdings Co., Ltd. | 100 | 1,741 | ||||||
Dowa Holdings Co., Ltd. | 427 | 2,177 | ||||||
Dynam Japan Holdings Co., Ltd. | 3,600 | 5,114 | ||||||
Ebara Corp. | 631 | $ | 3,451 | |||||
EDION Corp. | 200 | 1,643 | ||||||
Eighteenth Bank Ltd. (The) | 551 | 1,337 | ||||||
Eiken Chemical Co., Ltd. | 40 | 871 | ||||||
Elecom Co., Ltd. | 100 | 2,074 | ||||||
Enplas Corp. | 47 | 1,232 | ||||||
Exedy Corp. | 30 | 638 | ||||||
Fancl Corp. | 115 | 1,588 | ||||||
Feed One Co., Ltd. | 845 | 939 | ||||||
FIDEA Holdings Co., Ltd. | 1,019 | 1,331 | ||||||
Financial Products Group Co., Ltd. | 95 | 966 | ||||||
Foster Electric Co., Ltd. | 57 | 888 | ||||||
FP Corp. | 68 | 3,281 | ||||||
France Bed Holdings Co., Ltd. | 100 | 913 | ||||||
Fudo Tetra Corp. | 1,300 | 1,951 | ||||||
Fuji Oil Holdings, Inc. | 100 | 1,852 | ||||||
Fujicco Co., Ltd. | 80 | 2,305 | ||||||
Fujikura Ltd. | 323 | 1,474 | ||||||
Fujimi, Inc. | 65 | 945 | ||||||
Fujimori Kogyo Co., Ltd. | 71 | 1,334 | ||||||
Fujitsu General Ltd. | 49 | 1,081 | ||||||
Fukui Bank Ltd. (The) | 591 | 1,302 | ||||||
Fukuyama Transporting Co., Ltd. | 309 | 1,626 | ||||||
Furukawa Electric Co., Ltd. | 742 | 1,707 | ||||||
Future Corp. | 200 | 1,456 | ||||||
Gakkyusha Co., Ltd. | 112 | 1,246 | ||||||
GCA Savvian Corp. | 105 | 885 | ||||||
Gfoot Co., Ltd. | 110 | 758 | ||||||
GMO Click Holdings, Inc. | 237 | 1,601 | ||||||
Godo Steel Ltd. | 557 | 820 | ||||||
Gree, Inc. | 400 | 2,254 | ||||||
GS Yuasa Corp. | 758 | 2,882 | ||||||
Gunma Bank Ltd. (The) | 887 | 3,199 | ||||||
Gurunavi, Inc. | 81 | 2,333 | ||||||
Hachijuni Bank Ltd. (The) | 984 | 4,259 | ||||||
Hakuto Co., Ltd. | 142 | 1,179 | ||||||
Hanwa Co., Ltd. | 949 | 4,903 | ||||||
Happinet Corp. | 226 | 1,884 | ||||||
Heiwa Corp. | 249 | 5,022 | ||||||
Hiroshima Bank Ltd. (The) | 1,098 | 3,639 | ||||||
HIS Co., Ltd. | 44 | 1,413 | ||||||
Hitachi Kokusai Electric, Inc. | 123 | 2,041 | ||||||
Hitachi Transport System Ltd. | 160 | 2,612 | ||||||
Hokuetsu Industries Co., Ltd. | 289 | 1,614 | ||||||
Hokuetsu Kishu Paper Co., Ltd. | 400 | 2,741 | ||||||
Hokuhoku Financial Group, Inc. | 3,062 | 3,462 | ||||||
Hokuto Corp. | 63 | 1,156 | ||||||
Horiba Ltd. | 73 | 3,188 | ||||||
Hyakugo Bank Ltd. (The) | 532 | 1,825 | ||||||
Hyakujushi Bank Ltd. (The) | 677 | 1,960 | ||||||
Ibiden Co., Ltd. | 210 | 2,354 | ||||||
IBJ Leasing Co., Ltd. | 139 | 2,386 | ||||||
Iino Kaiun Kaisha Ltd. | 330 | 1,209 | ||||||
Imasen Electric Industrial | 186 | 1,530 |
See Notes to Financial Statements.
42 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
IT Holdings Corp. | 60 | $ | 1,372 | |||||
Itochu Enex Co., Ltd.(a) | 200 | 1,758 | ||||||
Iyo Bank Ltd. (The) | 430 | 2,611 | ||||||
J Trust Co., Ltd. | 133 | 972 | ||||||
J-Oil Mills, Inc. | 347 | 1,147 | ||||||
Japan Aviation Electronics Industry Ltd. | 105 | 1,427 | ||||||
Japan Pulp & Paper Co., Ltd. | 1,000 | 3,207 | ||||||
Japan Radio Co., Ltd. | 371 | 933 | ||||||
Japan Steel Works Ltd. (The) | 218 | 988 | ||||||
Japan Transcity Corp. | 275 | 914 | ||||||
Japan Wool Textile Co., Ltd. (The) | 284 | 1,957 | ||||||
Jimoto Holdings, Inc. | 1,400 | 1,924 | ||||||
Joshin Denki Co., Ltd. | 93 | 780 | ||||||
K’s Holdings Corp. | 95 | 1,766 | ||||||
kabu.com Securities Co., Ltd. | 900 | 2,886 | ||||||
Kadokawa Dwango* | 73 | 956 | ||||||
Kamei Corp. | 91 | 723 | ||||||
Kandenko Co., Ltd. | 178 | 1,456 | ||||||
Kasai Kogyo Co., Ltd. | 105 | 943 | ||||||
Kato Sangyo Co., Ltd. | 48 | 1,124 | ||||||
Kato Works Co., Ltd. | 324 | 1,238 | ||||||
Kawasaki Kisen Kaisha Ltd. | 964 | 2,255 | ||||||
Keiyo Bank Ltd. (The) | 602 | 2,247 | ||||||
Kenedix, Inc. | 236 | 879 | ||||||
KFC Holdings Japan Ltd. | 80 | 1,446 | ||||||
Kitagawa Iron Works Co., Ltd. | 703 | 1,144 | ||||||
Kitano Construction Corp. | 563 | 1,388 | ||||||
Kito Corp. | 120 | 945 | ||||||
Kitz Corp. | 300 | 1,415 | ||||||
Koa Corp. | 192 | 1,348 | ||||||
Kobe Bussan Co., Ltd. | 36 | 734 | ||||||
Komeri Co., Ltd. | 100 | 2,594 | ||||||
Konaka Co., Ltd. | 250 | 1,182 | ||||||
Krosaki Harima Corp. | 493 | 1,139 | ||||||
Kumagai Gumi Co., Ltd. | 312 | 879 | ||||||
Kurabo Industries Ltd. | 637 | 1,124 | ||||||
Kureha Corp. | 335 | 1,169 | ||||||
KYB Corp. | 800 | 2,566 | ||||||
KYORIN Holdings, Inc. | 73 | 1,422 | ||||||
Kyoto Kimono Yuzen Co., Ltd. | 132 | 1,044 | ||||||
Kyowa Exeo Corp. | 200 | 2,484 | ||||||
Kyudenko Corp. | 36 | 1,063 | ||||||
Leopalace21 Corp. | 189 | 1,317 | ||||||
Life Corp. | 75 | 2,014 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 152 | 1,562 | ||||||
Maeda Corp. | 141 | 1,100 | ||||||
Maeda Road Construction Co., Ltd. | 142 | 2,410 | ||||||
Makino Milling Machine Co., Ltd. | 252 | 1,270 | ||||||
Mandom Corp. | 21 | 961 | ||||||
Mani, Inc. | 54 | 915 | ||||||
Marubun Corp. | 184 | 1,044 | ||||||
Marvelous, Inc. | 126 | 1,026 | ||||||
Matsui Securities Co., Ltd. | 429 | 3,521 | ||||||
Megmilk Snow Brand Co., Ltd. | 68 | 2,370 | ||||||
Meidensha Corp. | 264 | $ | 852 | |||||
Meiko Network Japan Co., Ltd. | 80 | 972 | ||||||
Meisei Industrial Co., Ltd. | 198 | 851 | ||||||
Meitec Corp. | 77 | 2,601 | ||||||
Micronics Japan Co., Ltd. | 91 | 799 | ||||||
Mie Bank Ltd. (The) | 899 | 1,551 | ||||||
Miraca Holdings, Inc. | 80 | 3,447 | ||||||
Mirait Holdings Corp. | 200 | 1,957 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 100 | 2,615 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 737 | 1,106 | ||||||
Mitsui Home Co., Ltd. | 302 | 1,275 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 1,000 | 1,647 | ||||||
Mitsui Sugar Co., Ltd. | 266 | 1,258 | ||||||
Mitsui-Soko Holdings Co., Ltd. | 451 | 1,200 | ||||||
Miyazaki Bank Ltd. (The) | 583 | 1,443 | ||||||
Mochida Pharmaceutical Co., Ltd. | 21 | 1,689 | ||||||
Modec, Inc. | 100 | 1,525 | ||||||
Monex Group, Inc.(a) | 600 | 1,345 | ||||||
Morinaga & Co., Ltd. | 144 | 901 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 100 | 1,941 | ||||||
Nachi-Fujikoshi Corp. | 623 | 1,876 | ||||||
Nagaileben Co., Ltd. | 100 | 2,398 | ||||||
Nakanishi, Inc. | 39 | 1,150 | ||||||
NEC Networks & System Integration Corp. | 106 | 1,870 | ||||||
NHK Spring Co., Ltd. | 454 | 3,655 | ||||||
Nichias Corp. | 149 | 1,133 | ||||||
Nichiha Corp. | 54 | 847 | ||||||
Nichireki Co., Ltd. | 187 | 1,159 | ||||||
Nihon House Holdings Co., Ltd. | 527 | 1,618 | ||||||
Nihon Nohyaku Co., Ltd. | 223 | 998 | ||||||
Nihon Parkerizing Co., Ltd. | 140 | 1,459 | ||||||
Nihon Unisys Ltd. | 200 | 2,456 | ||||||
Nikkon Holdings Co., Ltd. | 150 | 2,676 | ||||||
Nippo Corp. | 112 | 1,900 | ||||||
Nippon Coke & Engineering Co., Ltd. | 1,974 | 1,193 | ||||||
Nippon Denko Co., Ltd. | 494 | 751 | ||||||
Nippon Electric Glass Co., Ltd. | 764 | 3,165 | ||||||
Nippon Flour Mills Co., Ltd. | 163 | 1,268 | ||||||
Nippon Kayaku Co., Ltd. | 263 | 2,592 | ||||||
Nippon Koei Co., Ltd. | 397 | 1,200 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 1,200 | 2,644 | ||||||
Nippon Paper Industries Co., Ltd. | 200 | 3,484 | ||||||
Nippon Parking Development Co., Ltd. | 791 | 948 | ||||||
Nippon Road Co., Ltd. (The) | 393 | 1,506 | ||||||
Nippon Soda Co., Ltd. | 241 | �� | 963 | |||||
Nippon Steel & Sumikin Bussan Corp. | 616 | 1,976 | ||||||
Nippon Suisan Kaisha Ltd. | 180 | 919 | ||||||
Nippon Synthetic Chemical Industry Co., Ltd. (The) | 206 | 1,042 | ||||||
Nippon Thompson Co., Ltd. | 248 | 747 | ||||||
Nippon Valqua Industries Ltd. | 606 | 1,542 | ||||||
Nipro Corp. | 290 | 3,579 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 257 | 1,330 | ||||||
Nishimatsu Construction Co., Ltd. | 750 | 3,480 | ||||||
Nissan Shatai Co., Ltd. | 100 | 991 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
Nissha Printing Co., Ltd. | 34 | $ | 621 | |||||
Nisshin Oillio Group Ltd. (The) | 211 | 969 | ||||||
Nisshin Steel Co., Ltd. | 200 | 2,534 | ||||||
Nisshinbo Holdings, Inc. | 200 | 1,799 | ||||||
Nissin Electric Co., Ltd. | 140 | 2,058 | ||||||
Nissin Kogyo Co., Ltd. | 100 | 1,273 | ||||||
Nitta Corp. | 56 | 1,259 | ||||||
Nitto Boseki Co., Ltd. | 311 | 1,043 | ||||||
Noevir Holdings Co., Ltd. | 73 | 2,220 | ||||||
NOF Corp. | 173 | 1,425 | ||||||
Nohmi Bosai Ltd. | 100 | 1,332 | ||||||
Nomura Co., Ltd. | 90 | 1,339 | ||||||
NTN Corp. | 924 | 2,450 | ||||||
Obara Group, Inc. | 36 | 1,332 | ||||||
Ohsho Food Service Corp. | 78 | 2,806 | ||||||
Oita Bank Ltd. (The) | 665 | 1,906 | ||||||
Okamura Corp. | 111 | 1,098 | ||||||
Okasan Securities Group, Inc. | 790 | 3,488 | ||||||
Oki Electric Industry Co., Ltd. | 2,000 | 2,651 | ||||||
OKUMA Corp. | 225 | 1,459 | ||||||
Okumura Corp. | 452 | 2,485 | ||||||
Onward Holdings Co., Ltd. | 321 | 1,996 | ||||||
Open House Co., Ltd. | 65 | 1,756 | ||||||
Pal Co., Ltd. | 45 | 1,055 | ||||||
Paltac Corp. | 100 | 2,019 | ||||||
PanaHome Corp. | 230 | 1,809 | ||||||
Penta-Ocean Construction Co., Ltd. | 300 | 1,576 | ||||||
Plenus Co., Ltd. | 100 | 1,623 | ||||||
Prima Meat Packers Ltd. | 289 | 870 | ||||||
Raysum Co., Ltd. | 122 | 838 | ||||||
Relia, Inc. | 188 | 1,954 | ||||||
Relo Holdings, Inc. | 6 | 1,055 | ||||||
Rengo Co., Ltd. | 550 | 3,549 | ||||||
Resorttrust, Inc. | 126 | 2,705 | ||||||
Ricoh Leasing Co., Ltd. | 77 | 1,955 | ||||||
Riken Corp. | 540 | 1,653 | ||||||
Roland DG Corp. | 68 | 1,206 | ||||||
Round One Corp. | 330 | 2,644 | ||||||
Ryobi Ltd. | 181 | 745 | ||||||
Ryoden Corp. | 181 | 1,108 | ||||||
Sac’s Bar Holdings, Inc. | 106 | 1,034 | ||||||
Saizeriya Co., Ltd. | 46 | 818 | ||||||
Sakai Chemical Industry Co., Ltd. | 356 | 958 | ||||||
Sakata INX Corp. | �� | 180 | 2,049 | |||||
San-A Co., Ltd. | 17 | 835 | ||||||
San-Ai Oil Co., Ltd. | 129 | 729 | ||||||
Sanden Holdings Corp. | 427 | 1,145 | ||||||
Sangetsu Co., Ltd. | 96 | 1,793 | ||||||
Sankyu, Inc. | 328 | 1,749 | ||||||
Sanoh Industrial Co., Ltd. | 372 | 1,976 | ||||||
Sanwa Holdings Corp. | 300 | 2,699 | ||||||
Sanyo Chemical Industries Ltd. | 134 | 1,035 | ||||||
Sanyo Denki Co., Ltd. | 248 | 1,112 | ||||||
Sanyo Special Steel Co., Ltd. | 229 | 1,013 | ||||||
Sanyo Trading Co., Ltd. | 87 | $ | 998 | |||||
Sato Holdings Corp. | 40 | 742 | ||||||
SBI Holdings, Inc. | 504 | 4,957 | ||||||
Seikagaku Corp. | 61 | 944 | ||||||
Seiko Holdings Corp. | 477 | 1,423 | ||||||
Sekisui Plastics Co., Ltd. | 274 | 852 | ||||||
Senko Co., Ltd. | 280 | 1,679 | ||||||
SFP Dining Co., Ltd. | 72 | 985 | ||||||
Shiga Bank Ltd. (The) | 420 | 1,789 | ||||||
Shikoku Chemicals Corp. | 112 | 873 | ||||||
Shima Seiki Manufacturing Ltd. | 100 | 1,918 | ||||||
Shimachu Co., Ltd. | 53 | 1,150 | ||||||
Shinagawa Refractories Co., Ltd. | 680 | 1,266 | ||||||
Shinmaywa Industries Ltd. | 201 | 1,236 | ||||||
Shinsho Corp. | 996 | 1,612 | ||||||
Ship Healthcare Holdings, Inc. | 100 | 3,090 | ||||||
Shoei Co., Ltd. | 77 | 1,130 | ||||||
Showa Denko K.K. | 300 | 2,810 | ||||||
Showa Sangyo Co., Ltd. | 252 | 1,069 | ||||||
Skylark Co., Ltd. | 269 | 3,398 | ||||||
Sparx Group Co., Ltd. | 409 | 726 | ||||||
St. Marc Holdings Co., Ltd. | 45 | 1,358 | ||||||
Starts Corp., Inc. | 66 | 1,305 | ||||||
Sumco Corp. | 396 | 2,497 | ||||||
Sumitomo Bakelite Co., Ltd. | 233 | 1,074 | ||||||
Sumitomo Densetsu Co., Ltd. | 91 | 985 | ||||||
Sumitomo Forestry Co., Ltd. | 200 | 2,690 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 1,666 | 1,397 | ||||||
Sumitomo Osaka Cement Co., Ltd. | 559 | 2,392 | ||||||
Sumitomo Riko Co., Ltd. | 101 | 802 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 127 | 702 | ||||||
Sumitomo Warehouse Co., Ltd. (The) | 322 | 1,591 | ||||||
T-Gaia Corp. | 200 | 2,800 | ||||||
Tabuchi Electric Co., Ltd. | 228 | 780 | ||||||
Tadano Ltd. | 227 | 1,872 | ||||||
Taiho Kogyo Co., Ltd. | 107 | 1,096 | ||||||
Taikisha Ltd. | 43 | 1,062 | ||||||
Taiyo Holdings Co., Ltd. | 59 | 1,809 | ||||||
Takara Holdings, Inc. | 200 | 1,831 | ||||||
Takeuchi Manufacturing Co., Ltd. | 53 | 676 | ||||||
TASAKI & Co., Ltd. | 57 | 736 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 568 | 1,589 | ||||||
TechnoPro Holdings, Inc. | 73 | 2,259 | ||||||
TOA Corp. | 116 | 1,032 | ||||||
Tocalo Co., Ltd. | 88 | 1,417 | ||||||
Tochigi Bank Ltd. (The) | 344 | 1,180 | ||||||
Toda Corp. | 404 | 1,733 | ||||||
Toenec Corp. | 217 | 1,098 | ||||||
Toho Bank Ltd. (The) | 614 | 1,891 | ||||||
Toho Holdings Co., Ltd. | 62 | 1,487 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 1,018 | 4,287 | ||||||
Tokyo Dome Corp. | 259 | 1,169 | ||||||
Tokyo Seimitsu Co., Ltd. | 100 | 2,307 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 157 | 854 |
See Notes to Financial Statements.
44 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
Tokyo Tekko Co., Ltd. | 252 | $ | 892 | |||||
Tokyo TY Financial Group, Inc. | 48 | 1,106 | ||||||
Tokyotokeiba Co., Ltd. | 804 | 1,575 | ||||||
Tokyu Construction Co., Ltd.(a) | 200 | 1,811 | ||||||
TOMONY Holdings, Inc. | 501 | 1,494 | ||||||
Tomy Co., Ltd. | 100 | 839 | ||||||
Tonami Holdings Co., Ltd. | 282 | 717 | ||||||
Topy Industries Ltd. | 446 | 909 | ||||||
Toshiba Machine Co., Ltd. | 452 | 1,357 | ||||||
Toshiba Plant Systems & Services Corp. | 103 | 1,678 | ||||||
Totetsu Kogyo Co., Ltd. | 49 | 1,348 | ||||||
Towa Bank Ltd. (The) | 1,473 | 1,134 | ||||||
Towa Pharmaceutical Co., Ltd. | 18 | 935 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 644 | 2,680 | ||||||
Toyo Kohan Co., Ltd. | 312 | 739 | ||||||
Toyo Securities Co., Ltd. | 1,012 | 1,884 | ||||||
Toyo Tire & Rubber Co., Ltd. | 237 | 2,560 | ||||||
Toyobo Co., Ltd. | 1,870 | 3,518 | ||||||
Transcosmos, Inc. | 76 | 2,151 | ||||||
TS Tech Co., Ltd. | 99 | 2,402 | ||||||
Tsubaki Nakashima Co., Ltd. | 93 | 1,055 | ||||||
Tsubakimoto Chain Co. | 283 | 1,727 | ||||||
Tsugami Corp. | 233 | 877 | ||||||
Tsumura & Co. | 113 | 3,052 | ||||||
UACJ Corp. | 567 | 1,332 | ||||||
UKC Holdings Corp. | 54 | 819 | ||||||
Union Tool Co. | 37 | 1,007 | ||||||
United Super Markets Holdings, Inc. | 88 | 898 | ||||||
UNY Group Holdings Co., Ltd. | 600 | 5,036 | ||||||
Valor Holdings Co., Ltd. | 100 | 2,648 | ||||||
Vital KSK Holdings, Inc. | 200 | 1,887 | ||||||
Wacoal Holdings Corp. | 269 | 2,643 | ||||||
Wacom Co., Ltd. | 218 | 846 | ||||||
Weathernews, Inc. | 28 | 981 | ||||||
YAMABIKO Corp. | 159 | 1,142 | ||||||
Yamagata Bank Ltd. (The) | 343 | 1,337 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 419 | 1,466 | ||||||
Yaoko Co., Ltd. | 20 | 903 | ||||||
Yellow Hat Ltd. | 100 | 2,208 | ||||||
Yokohama Reito Co., Ltd. | 200 | 2,002 | ||||||
Yondoshi Holdings, Inc. | 42 | 844 | ||||||
Yumeshin Holdings Co., Ltd. | 500 | 3,231 | ||||||
Yurtec Corp. | 112 | 761 | ||||||
Yushin Precision Equipment Co., Ltd. | 49 | 862 | ||||||
Zeon Corp. | 270 | 1,734 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 100 | 1,440 | ||||||
Zojirushi Corp. | 44 | 830 | ||||||
|
| |||||||
Total Japan | 633,166 | |||||||
Netherlands – 1.6% | ||||||||
Arcadis N.V. | 289 | 4,358 | ||||||
BE Semiconductor Industries N.V. | 165 | 4,485 | ||||||
Beter Bed Holding N.V. | 113 | 2,479 | ||||||
Brunel International N.V. | 339 | 6,222 | ||||||
Corbion N.V. | 185 | $ | 4,440 | |||||
Flow Traders(b) | 196 | 6,741 | ||||||
IMCD Group N.V. | 51 | 2,016 | ||||||
Koninklijke BAM Groep N.V. | 149 | 543 | ||||||
Refresco Group N.V.(b) | 187 | 2,780 | ||||||
TKH Group N.V. CVA | 61 | 2,060 | ||||||
Wessanen | 90 | 950 | ||||||
|
| |||||||
Total Netherlands | 37,074 | |||||||
New Zealand – 3.8% | ||||||||
Air New Zealand Ltd. | 8,510 | 12,697 | ||||||
EBOS Group Ltd. | 516 | 6,012 | ||||||
Freightways Ltd. | 691 | 3,184 | ||||||
Genesis Energy Ltd. | 6,291 | 9,588 | ||||||
Heartland Bank Ltd. | 2,958 | 2,486 | ||||||
Infratil Ltd. | 2,256 | 5,134 | ||||||
Kathmandu Holdings Ltd. | 1,063 | 1,158 | ||||||
Kiwi Property Group Ltd. | 5,227 | 5,547 | ||||||
Mainfreight Ltd. | 245 | 2,902 | ||||||
Nuplex Industries Ltd. | 916 | 3,425 | ||||||
NZX Ltd. | 3,753 | 2,673 | ||||||
Port of Tauranga Ltd. | 107 | 1,486 | ||||||
SKY Network Television Ltd. | 2,185 | 7,423 | ||||||
SKYCITY Entertainment Group Ltd. | 2,442 | 7,966 | ||||||
Steel & Tube Holdings Ltd. | 734 | 972 | ||||||
Trade Me Group Ltd. | 1,750 | 5,771 | ||||||
TrustPower Ltd. | 575 | 3,153 | ||||||
Z Energy Ltd. | 1,619 | 9,328 | ||||||
|
| |||||||
Total New Zealand | 90,905 | |||||||
Norway – 3.0% | ||||||||
AF Gruppen ASA | 144 | 2,512 | ||||||
Aker ASA Class A | 368 | 9,367 | ||||||
Atea ASA* | 520 | 4,956 | ||||||
Austevoll Seafood ASA | 1,428 | 11,903 | ||||||
Borregaard ASA | 318 | 2,375 | ||||||
Entra ASA(b) | 519 | 4,869 | ||||||
Kongsberg Gruppen ASA | 153 | 2,240 | ||||||
Norway Royal Salmon ASA | 88 | 1,288 | ||||||
Ocean Yield ASA(a) | 880 | 6,362 | ||||||
Protector Forsikring ASA | 225 | 2,003 | ||||||
Selvaag Bolig ASA | 393 | 1,498 | ||||||
SpareBank 1 Nord Norge | 406 | 1,917 | ||||||
SpareBank 1 SMN | 522 | 2,913 | ||||||
SpareBank 1 SR-Bank ASA | 816 | 4,018 | ||||||
Sparebanken Vest | 196 | 829 | ||||||
TGS Nopec Geophysical Co. ASA | 143 | 2,328 | ||||||
Tomra Systems ASA | 264 | 2,800 | ||||||
Veidekke ASA | 456 | 5,449 | ||||||
XXL ASA(b) | 234 | 2,657 | ||||||
|
| |||||||
Total Norway | 72,284 | |||||||
Portugal – 1.2% | ||||||||
CTT – Correios de Portugal S.A. | 845 | 6,678 | ||||||
Mota-Engil, SGPS, S.A. | 870 | 1,438 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 45 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
Navigator Co. S.A. (The) | 4,855 | $ | 13,560 | |||||
Pharol, SGPS, S.A. | 10,858 | 1,254 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 2,307 | 6,492 | ||||||
|
| |||||||
Total Portugal | 29,422 | |||||||
Singapore – 3.0% | ||||||||
Accordia Golf Trust | 8,865 | 3,952 | ||||||
Asian Pay Television Trust | 13,701 | 5,395 | ||||||
Boustead Singapore Ltd. | 1,685 | 1,002 | ||||||
China Aviation Oil Singapore Corp., Ltd. | 1,034 | 945 | ||||||
Chip Eng Seng Corp., Ltd. | 2,705 | 1,276 | ||||||
CWT Ltd. | 2,100 | 3,355 | ||||||
First Resources Ltd. | 1,227 | 1,427 | ||||||
GuocoLand Ltd. | 2,200 | 3,024 | ||||||
Hyflux Ltd. | 2,430 | 1,083 | ||||||
Keppel Infrastructure Trust | 2,461 | 905 | ||||||
M1 Ltd. | 4,515 | 9,158 | ||||||
Raffles Medical Group Ltd. | 3,000 | 3,366 | ||||||
Religare Health Trust | 5,168 | 3,782 | ||||||
Riverstone Holdings Ltd. | 1,174 | 789 | ||||||
Sembcorp Marine Ltd. | 6,103 | 7,028 | ||||||
Sheng Siong Group Ltd. | 5,700 | 3,748 | ||||||
SMRT Corp., Ltd. | 3,600 | 4,026 | ||||||
Super Group Ltd. | 3,139 | 1,924 | ||||||
United Engineers Ltd. | 2,400 | 3,905 | ||||||
Venture Corp., Ltd. | 1,408 | 8,662 | ||||||
Yanlord Land Group Ltd. | 2,709 | 2,285 | ||||||
|
| |||||||
Total Singapore | 71,037 | |||||||
Spain – 1.1% | ||||||||
Applus Services S.A. | 189 | 1,839 | ||||||
Cie Automotive S.A. | 177 | 2,953 | ||||||
Duro Felguera S.A. | 970 | 1,186 | ||||||
Faes Farma S.A. | 837 | 2,729 | ||||||
Obrascon Huarte Lain S.A.* | 677 | 2,354 | ||||||
Papeles y Cartones de Europa S.A. | 261 | 1,377 | ||||||
Sacyr S.A. | 1,585 | 2,569 | ||||||
Saeta Yield S.A. | 512 | 5,112 | ||||||
Tecnicas Reunidas S.A. | 218 | 6,481 | ||||||
|
| |||||||
Total Spain | 26,600 | |||||||
Sweden – 5.5% | ||||||||
Acando AB | 817 | 1,523 | ||||||
AddTech AB Class B | 100 | 1,251 | ||||||
AF AB Class B | 202 | 3,344 | ||||||
Alimak Group AB(b) | 128 | 1,209 | ||||||
Atrium Ljungberg AB Class B | 278 | 4,479 | ||||||
Avanza Bank Holding AB | 89 | 3,393 | ||||||
B&B Tools AB Class B | 40 | 803 | ||||||
Bilia AB Class A | 163 | 3,992 | ||||||
Bjorn Borg AB* | 210 | 808 | ||||||
Bravida Holding AB(b) | 324 | 1,931 | ||||||
Bulten AB | 126 | 1,216 | ||||||
Capio AB(b) | 183 | 1,004 | ||||||
Clas Ohlson AB Class B | 191 | 3,252 | ||||||
Cloetta AB Class B | 533 | $ | 1,824 | |||||
Com Hem Holding AB | 394 | 3,318 | ||||||
Coor Service Management Holding AB(b) | 372 | 1,800 | ||||||
Dustin Group AB(b) | 244 | 1,620 | ||||||
Eltel AB(b) | 128 | 1,378 | ||||||
Evolution Gaming Group AB(b) | 33 | 987 | ||||||
Granges AB | 178 | 1,534 | ||||||
Haldex AB | 134 | 1,269 | ||||||
Hemfosa Fastigheter AB | 398 | 4,063 | ||||||
HIQ International AB* | 289 | 1,671 | ||||||
Holmen AB Class B | 206 | 6,560 | ||||||
Indutrade AB | 186 | 3,646 | ||||||
Inwido AB | 124 | 1,376 | ||||||
ITAB Shop Concept AB Class B | 173 | 1,414 | ||||||
JM AB | 174 | 4,331 | ||||||
KappAhl AB | 245 | 1,073 | ||||||
Kungsleden AB | 536 | 3,464 | ||||||
Lagercrantz Group AB Class B | 96 | 901 | ||||||
Lindab International AB | 147 | 1,122 | ||||||
Loomis AB Class B | 191 | 4,637 | ||||||
Mekonomen AB | 135 | 2,900 | ||||||
Modern Times Group MTG AB Class B | 263 | 6,910 | ||||||
MQ Holding AB | 268 | 1,012 | ||||||
Munksjo Oyj* | 120 | 1,264 | ||||||
Mycronic AB | 498 | 3,688 | ||||||
NetEnt AB* | 312 | 3,056 | ||||||
Nobia AB | 442 | 3,808 | ||||||
Nobina AB(b) | 421 | 2,231 | ||||||
Nordax Group AB(b) | 178 | 760 | ||||||
NP3 Fastigheter AB | 315 | 1,532 | ||||||
Peab AB | 852 | 6,411 | ||||||
Ratos AB Class B | 1,596 | 7,725 | ||||||
Rottneros AB | 1,242 | 901 | ||||||
Scandi Standard AB | 189 | 1,344 | ||||||
SkiStar AB | 127 | 1,844 | ||||||
Sweco AB Class B | 225 | 3,880 | ||||||
Thule Group AB (The)(b) | 98 | 1,391 | ||||||
Wihlborgs Fastigheter AB | 218 | 4,431 | ||||||
|
| |||||||
Total Sweden | 131,281 | |||||||
Switzerland – 1.3% | ||||||||
Ascom Holding AG Registered Shares | 90 | 1,432 | ||||||
Cembra Money Bank AG* | 132 | 9,234 | ||||||
GAM Holding AG* | 787 | 8,361 | ||||||
Gategroup Holding AG* | 37 | 1,952 | ||||||
Implenia AG Registered Shares | 50 | 3,295 | ||||||
Kudelski S.A. Bearer Shares* | 109 | 2,165 | ||||||
Mobilezone Holding AG Registered Shares | 116 | 1,500 | ||||||
U-Blox AG* | 6 | 1,290 | ||||||
Valiant Holding AG Registered Shares | 12 | 1,154 | ||||||
|
| |||||||
Total Switzerland | 30,383 | |||||||
United Arab Emirates – 0.0% | ||||||||
Gulf Marine Services PLC | 1,156 | 726 |
See Notes to Financial Statements.
46 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
United Kingdom – 15.7% | ||||||||
A.G. Barr PLC | 344 | $ | 2,227 | |||||
Abcam PLC | 203 | 2,090 | ||||||
Acacia Mining PLC | 194 | 1,170 | ||||||
Assura PLC | 4,454 | 3,260 | ||||||
AVEVA Group PLC | 90 | 2,038 | ||||||
BCA Marketplace PLC | 1,163 | 2,612 | ||||||
BGEO Group PLC* | 116 | 4,066 | ||||||
Big Yellow Group PLC | 355 | 3,706 | ||||||
Bloomsbury Publishing PLC | 838 | 1,795 | ||||||
Bodycote PLC | 758 | 5,219 | ||||||
Bovis Homes Group PLC | 494 | 4,814 | ||||||
Brammer PLC | 754 | 605 | ||||||
Card Factory PLC | 1,914 | 8,160 | ||||||
Carillion PLC | 2,678 | 8,370 | ||||||
Chesnara PLC | 265 | 974 | ||||||
Cineworld Group PLC | 702 | 5,124 | ||||||
Clarkson PLC | 75 | 2,213 | ||||||
Clinigen Healthcare Ltd.* | 196 | 1,585 | ||||||
Computacenter PLC | 316 | 3,115 | ||||||
Concentric AB | 167 | 1,902 | ||||||
Connect Group PLC | 1,422 | 2,813 | ||||||
Countrywide PLC | 889 | 2,919 | ||||||
Cranswick PLC | 85 | 2,371 | ||||||
Crest Nicholson Holdings PLC | 734 | 3,493 | ||||||
Dart Group PLC | 99 | 697 | ||||||
Darty PLC | 1,219 | 2,747 | ||||||
De La Rue PLC | 633 | 4,324 | ||||||
Debenhams PLC | 5,947 | 4,396 | ||||||
Dechra Pharmaceuticals PLC | 158 | 2,475 | ||||||
DFS Furniture PLC | 934 | 2,612 | ||||||
Diploma PLC | 280 | 3,120 | ||||||
Drax Group PLC | 921 | 3,985 | ||||||
E2V Technologies PLC | 399 | 1,091 | ||||||
Electrocomponents PLC | 2,004 | 6,971 | ||||||
Elementis PLC | 2,420 | 6,460 | ||||||
Epwin Group PLC | 797 | 1,161 | ||||||
esure Group PLC | 1,673 | 6,399 | ||||||
Euromoney Institutional Investor PLC | 205 | 2,562 | ||||||
Exova Group PLC | 507 | 1,220 | ||||||
FDM Group Holdings PLC | 310 | 1,865 | ||||||
Fenner PLC | 1,492 | 3,131 | ||||||
Fidessa Group PLC | 131 | 3,441 | ||||||
Foxtons Group PLC | 1,780 | 2,653 | ||||||
Galliford Try PLC | 433 | 5,282 | ||||||
GAME Digital PLC | 1,114 | 1,020 | ||||||
Gamma Communications PLC | 167 | 860 | ||||||
Genus PLC | 89 | 1,862 | ||||||
Go-Ahead Group PLC | 82 | 2,144 | ||||||
Halfords Group PLC | 768 | 3,301 | ||||||
Hastings Group Holdings Ltd.(b) | 932 | 2,147 | ||||||
Henry Boot PLC | 692 | 1,767 | ||||||
Hill & Smith Holdings PLC | 250 | 2,973 | ||||||
Home Retail Group PLC | 1,781 | 3,640 | ||||||
HomeServe PLC | 700 | $ | 4,931 | |||||
Hunting PLC | 346 | 2,220 | ||||||
Huntsworth PLC | 1,677 | 874 | ||||||
Ibstock PLC(b) | 957 | 1,663 | ||||||
Indivior PLC | 2,471 | 8,294 | ||||||
ITE Group PLC | 998 | 1,908 | ||||||
J D Wetherspoon PLC | 182 | 1,718 | ||||||
James Fisher & Sons PLC | 83 | 1,539 | ||||||
James Halstead PLC | 161 | 880 | ||||||
John Laing Group PLC(b) | 942 | 2,833 | ||||||
John Menzies PLC | 216 | 1,575 | ||||||
Johnson Service Group PLC | 987 | 1,174 | ||||||
JRP Group PLC | 1,577 | 2,319 | ||||||
Kcom Group PLC | 2,589 | 3,651 | ||||||
Keller Group PLC | 220 | 2,662 | ||||||
Kier Group PLC | 451 | 6,349 | ||||||
Ladbrokes PLC | 2,405 | 3,588 | ||||||
Laird PLC | 1,044 | 4,586 | ||||||
Lavendon Group PLC | 1,021 | 1,518 | ||||||
LSL Property Services PLC | 509 | 1,660 | ||||||
M&C Saatchi PLC | 298 | 1,131 | ||||||
Marshalls PLC | 658 | 2,092 | ||||||
Marston’s PLC | 887 | 1,597 | ||||||
McCarthy & Stone PLC(b) | 341 | 782 | ||||||
McKay Securities PLC | 714 | 1,575 | ||||||
Melrose Industries PLC | 651 | 3,705 | ||||||
Millennium & Copthorne Hotels PLC | 540 | 2,890 | ||||||
Mitchells & Butlers PLC | 1,094 | 3,387 | ||||||
Mitie Group PLC | 1,517 | 5,029 | ||||||
MJ Gleeson PLC | 196 | 1,100 | ||||||
Morgan Advanced Materials PLC | 1,282 | 3,978 | ||||||
N Brown Group PLC | 1,609 | 3,747 | ||||||
Northgate PLC | 585 | 2,551 | ||||||
Novae Group PLC | 87 | 873 | ||||||
Numis Corp. PLC | 812 | 2,155 | ||||||
OneSavings Bank PLC | 622 | 1,760 | ||||||
Oxford Instruments PLC | 115 | 1,093 | ||||||
Pagegroup PLC | 2,186 | 8,682 | ||||||
Pan African Resources PLC | 4,536 | 1,152 | ||||||
PayPoint PLC | 275 | 3,320 | ||||||
Pets at Home Group PLC | 1,152 | 3,588 | ||||||
Photo-Me International PLC | 1,524 | 2,781 | ||||||
Poundland Group PLC | 722 | 1,993 | ||||||
Premier Farnell PLC | 1,882 | 4,145 | ||||||
PZ Cussons PLC | 867 | 3,810 | ||||||
Renishaw PLC | 159 | 4,640 | ||||||
Restaurant Group PLC (The) | 853 | 3,280 | ||||||
Ricardo PLC | 96 | 948 | ||||||
Robert Walters PLC | 321 | 1,116 | ||||||
RWS Holdings PLC | 572 | 1,705 | ||||||
Safestore Holdings PLC | 472 | 2,330 | ||||||
Senior PLC | 1,219 | 3,349 | ||||||
Sepura PLC | 1,036 | 557 | ||||||
Servelec Group PLC | 201 | 591 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Investments | Shares | Value | ||||||
Shanks Group PLC† | 1,312 | $ | 1,371 | |||||
SIG PLC | 2,071 | 3,115 | ||||||
Speedy Hire PLC | 1,211 | 538 | ||||||
Spire Healthcare Group PLC(b) | 399 | 1,782 | ||||||
Spirent Communications PLC | 1,670 | 1,814 | ||||||
SSP Group PLC | 854 | 3,208 | ||||||
Stagecoach Group PLC | 2,334 | 7,211 | ||||||
SThree PLC | 347 | 1,154 | ||||||
Stock Spirits Group PLC | 516 | 1,112 | ||||||
SuperGroup PLC | 53 | 897 | ||||||
Synthomer PLC | 765 | 3,320 | ||||||
Telecom Plus PLC | 274 | 3,817 | ||||||
Telit Communications PLC | 252 | 819 | ||||||
Topps Tiles PLC | 729 | 1,033 | ||||||
Tullett Prebon PLC | 316 | 1,285 | ||||||
U & I Group PLC | 1,088 | 2,298 | ||||||
Unite Group PLC (The) | 519 | 4,302 | ||||||
Urban & Civic PLC | 489 | 1,353 | ||||||
Utilitywise PLC | 422 | 695 | ||||||
Vedanta Resources PLC | 1,615 | 8,996 | ||||||
Vertu Motors PLC | 2,147 | 1,205 | ||||||
Vesuvius PLC | 1,197 | 4,591 | ||||||
Victrex PLC | 286 | 5,777 | ||||||
Virgin Money Holdings UK PLC | 586 | 1,966 | ||||||
Wilmington PLC | 644 | 2,172 | ||||||
Xaar PLC | 171 | 956 | ||||||
Zoopla Property Group PLC(b) | 437 | 1,554 | ||||||
|
| |||||||
Total United Kingdom | 374,662 | |||||||
TOTAL COMMON STOCKS (Cost: $2,371,969) | 2,377,241 | |||||||
RIGHTS – 0.0% | ||||||||
New Zealand – 0.0% | ||||||||
SKYCITY Entertainment Group Ltd., expiring 7/5/16* | 263 | 34 | ||||||
United Kingdom – 0.0% | ||||||||
Sepura PLC, expiring 7/13/16* | 345 | 24 | ||||||
TOTAL RIGHTS (Cost: $0) | 58 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% | ||||||||
United States – 0.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio, 0.52%(c) (Cost: $7,393)(d) | 7,393 | 7,393 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $2,379,362) | 2,384,692 | |||||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.1% | 2,843 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,387,535 |
† | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $1,371, which represents 0.1% of net assets. |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2016 (See Note 2). |
(b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(c) | Rate shown represents annualized 7-day yield as of June 30, 2016. |
(d) | At June 30, 2016, the total market value of the Fund’s securities on loan was $7,020 and the total market value of the collateral held by the Fund was $7,393. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
RSP – Risparmio Italian Savings Shares
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2016 | AUD | 30,536 | USD | 22,094 | $ | (643 | ) | |||||||||||||
7/5/2016 | AUD | 40,074 | USD | 28,995 | (844 | ) | ||||||||||||||
7/5/2016 | AUD | 40,075 | USD | 28,995 | (845 | ) | ||||||||||||||
7/5/2016 | AUD | 40,073 | USD | 28,995 | (844 | ) | ||||||||||||||
7/5/2016 | AUD | 40,072 | USD | 28,995 | (843 | ) | ||||||||||||||
7/5/2016 | CHF | 7,112 | USD | 7,164 | (136 | ) | ||||||||||||||
7/5/2016 | CHF | 9,332 | USD | 9,401 | (179 | ) | ||||||||||||||
7/5/2016 | CHF | 9,332 | USD | 9,401 | (179 | ) | ||||||||||||||
7/5/2016 | CHF | 9,332 | USD | 9,401 | (179 | ) | ||||||||||||||
7/5/2016 | CHF | 9,332 | USD | 9,401 | (178 | ) | ||||||||||||||
7/5/2016 | DKK | 16,582 | USD | 2,484 | 8 | |||||||||||||||
7/5/2016 | DKK | 21,732 | USD | 3,256 | 11 | |||||||||||||||
7/5/2016 | DKK | 21,732 | USD | 3,256 | 11 | |||||||||||||||
7/5/2016 | DKK | 21,733 | USD | 3,256 | 11 | |||||||||||||||
7/5/2016 | DKK | 21,732 | USD | 3,256 | 11 | |||||||||||||||
7/5/2016 | EUR | 36,911 | USD | 41,136 | 129 | |||||||||||||||
7/5/2016 | EUR | 48,442 | USD | 53,988 | 171 | |||||||||||||||
7/5/2016 | EUR | 48,442 | USD | 53,988 | 171 | |||||||||||||||
7/5/2016 | EUR | 48,444 | USD | 53,988 | 169 | |||||||||||||||
7/5/2016 | EUR | 48,440 | USD | 53,988 | 173 | |||||||||||||||
7/5/2016 | GBP | 17,700 | JPY | 2,426,493 | (9 | ) | ||||||||||||||
7/5/2016 | GBP | 38,759 | USD | 56,427 | 4,613 | |||||||||||||||
7/5/2016 | GBP | 50,872 | USD | 74,059 | 6,053 | |||||||||||||||
7/5/2016 | GBP | 50,872 | USD | 74,059 | 6,053 | |||||||||||||||
7/5/2016 | GBP | 50,873 | USD | 74,059 | 6,052 | |||||||||||||||
7/5/2016 | GBP | 50,871 | USD | 74,059 | 6,055 | |||||||||||||||
7/5/2016 | ILS | 15,657 | USD | 4,067 | 1 | |||||||||||||||
7/5/2016 | ILS | 20,527 | USD | 5,333 | 3 | |||||||||||||||
7/5/2016 | ILS | 20,526 | USD | 5,333 | 3 | |||||||||||||||
7/5/2016 | ILS | 20,529 | USD | 5,333 | 2 | |||||||||||||||
7/5/2016 | ILS | 20,527 | USD | 5,333 | 3 | |||||||||||||||
7/5/2016 | JPY | 6,263,138 | USD | 56,538 | (4,512 | ) | ||||||||||||||
7/5/2016 | JPY | 8,220,452 | USD | 74,204 | (5,925 | ) | ||||||||||||||
7/5/2016 | JPY | 8,220,022 | USD | 74,204 | (5,921 | ) | ||||||||||||||
7/5/2016 | JPY | 8,220,638 | USD | 74,204 | (5,927 | ) | ||||||||||||||
7/5/2016 | JPY | 8,220,163 | USD | 74,204 | (5,922 | ) | ||||||||||||||
7/5/2016 | NOK | 22,391 | USD | 2,677 | 1 | |||||||||||||||
7/5/2016 | NOK | 29,359 | USD | 3,510 | 1 | |||||||||||||||
7/5/2016 | NOK | 29,358 | USD | 3,510 | 2 | |||||||||||||||
7/5/2016 | NOK | 29,358 | USD | 3,510 | 2 | |||||||||||||||
7/5/2016 | NOK | 29,358 | USD | 3,510 | 2 | |||||||||||||||
7/5/2016 | NZD | 4,990 | USD | 3,370 | (184 | ) | ||||||||||||||
7/5/2016 | NZD | 6,543 | USD | 4,419 | (241 | ) | ||||||||||||||
7/5/2016 | NZD | 6,543 | USD | 4,419 | (241 | ) | ||||||||||||||
7/5/2016 | NZD | 6,543 | USD | 4,419 | (241 | ) | ||||||||||||||
7/5/2016 | NZD | 6,543 | USD | 4,419 | (241 | ) | ||||||||||||||
7/5/2016 | SEK | 9,665 | NZD | 1,600 | (1 | ) | ||||||||||||||
7/5/2016 | SEK | 107,672 | USD | 12,907 | 199 | |||||||||||||||
7/5/2016 | SEK | 141,291 | USD | 16,938 | 262 | |||||||||||||||
7/5/2016 | SEK | 141,293 | USD | 16,938 | 262 | |||||||||||||||
7/5/2016 | SEK | 141,302 | USD | 16,938 | 261 |
See Notes to Financial Statements.
48 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2016 | SEK | 141,300 | USD | 16,938 | $ | 261 | ||||||||||||||
7/5/2016 | SGD | 4,115 | AUD | 4,100 | (5 | ) | ||||||||||||||
7/5/2016 | SGD | 1,172 | CHF | 850 | 1 | |||||||||||||||
7/5/2016 | SGD | 9,352 | USD | 6,788 | (160 | ) | ||||||||||||||
7/5/2016 | SGD | 12,271 | USD | 8,908 | (209 | ) | ||||||||||||||
7/5/2016 | SGD | 12,270 | USD | 8,908 | (208 | ) | ||||||||||||||
7/5/2016 | SGD | 12,270 | USD | 8,908 | (208 | ) | ||||||||||||||
7/5/2016 | SGD | 12,271 | USD | 8,908 | (210 | ) | ||||||||||||||
7/5/2016 | USD | 2,486 | AUD | 3,331 | (5 | ) | ||||||||||||||
7/5/2016 | USD | 28,473 | AUD | 38,237 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 28,473 | AUD | 38,238 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 28,473 | AUD | 38,237 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 21,696 | AUD | 29,139 | 1 | |||||||||||||||
7/5/2016 | USD | 28,473 | AUD | 38,238 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 806 | CHF | 773 | (13 | ) | ||||||||||||||
7/5/2016 | USD | 9,232 | CHF | 8,994 | — | |||||||||||||||
7/5/2016 | USD | 9,232 | CHF | 8,993 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 9,232 | CHF | 8,994 | — | |||||||||||||||
7/5/2016 | USD | 7,034 | CHF | 6,853 | — | |||||||||||||||
7/5/2016 | USD | 9,232 | CHF | 8,994 | — | |||||||||||||||
7/5/2016 | USD | 279 | DKK | 1,829 | (6 | ) | ||||||||||||||
7/5/2016 | USD | 3,198 | DKK | 21,417 | — | |||||||||||||||
7/5/2016 | USD | 3,198 | DKK | 21,417 | — | |||||||||||||||
7/5/2016 | USD | 2,437 | DKK | 16,321 | — | |||||||||||||||
7/5/2016 | USD | 3,198 | DKK | 21,416 | — | |||||||||||||||
7/5/2016 | USD | 3,198 | DKK | 21,417 | — | |||||||||||||||
7/5/2016 | USD | 4,629 | EUR | 4,080 | (96 | ) | ||||||||||||||
7/5/2016 | USD | 53,016 | EUR | 47,720 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 53,016 | EUR | 47,719 | (3 | ) | ||||||||||||||
7/5/2016 | USD | 53,016 | EUR | 47,719 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 53,016 | EUR | 47,719 | (3 | ) | ||||||||||||||
7/5/2016 | USD | 40,395 | EUR | 36,360 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 6,350 | GBP | 4,320 | (575 | ) | ||||||||||||||
7/5/2016 | USD | 72,725 | GBP | 54,400 | (4 | ) | ||||||||||||||
7/5/2016 | USD | 72,725 | GBP | 54,401 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 72,725 | GBP | 54,400 | (3 | ) | ||||||||||||||
7/5/2016 | USD | 55,413 | GBP | 41,451 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 72,725 | GBP | 54,400 | (4 | ) | ||||||||||||||
7/5/2016 | USD | 457 | ILS | 1,762 | 1 | |||||||||||||||
7/5/2016 | USD | 5,237 | ILS | 20,167 | — | |||||||||||||||
7/5/2016 | USD | 5,237 | ILS | 20,162 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 5,237 | ILS | 20,167 | — | |||||||||||||||
7/5/2016 | USD | 3,994 | ILS | 15,381 | — | |||||||||||||||
7/5/2016 | USD | 5,237 | ILS | 20,167 | — | |||||||||||||||
7/5/2016 | USD | 6,362 | JPY | 663,684 | 107 | |||||||||||||||
7/5/2016 | USD | 72,868 | JPY | 7,475,382 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 72,868 | JPY | 7,475,149 | (4 | ) | ||||||||||||||
7/5/2016 | USD | 72,868 | JPY | 7,475,156 | (4 | ) | ||||||||||||||
7/5/2016 | USD | 72,868 | JPY | 7,475,156 | (4 | ) | ||||||||||||||
7/5/2016 | USD | 55,520 | JPY | 5,695,963 | 2 | |||||||||||||||
7/5/2016 | USD | 301 | NOK | 2,484 | (4 | ) | ||||||||||||||
7/5/2016 | USD | 3,447 | NOK | 29,188 | 41 | |||||||||||||||
7/5/2016 | USD | 3,447 | NOK | 28,843 | — | |||||||||||||||
7/5/2016 | USD | 3,447 | NOK | 28,843 | — | |||||||||||||||
7/5/2016 | USD | 3,447 | NOK | 28,844 | — | |||||||||||||||
7/5/2016 | USD | 2,628 | NOK | 21,992 | — | |||||||||||||||
7/5/2016 | USD | 379 | NZD | 533 | 1 | |||||||||||||||
7/5/2016 | USD | 4,340 | NZD | 6,093 | — | |||||||||||||||
7/5/2016 | USD | 4,340 | NZD | 6,094 | $ | — | ||||||||||||||
7/5/2016 | USD | 4,340 | NZD | 6,094 | — | |||||||||||||||
7/5/2016 | USD | 4,340 | NZD | 6,094 | — | |||||||||||||||
7/5/2016 | USD | 3,307 | NZD | 4,643 | — | |||||||||||||||
7/5/2016 | USD | 1,452 | SEK | 11,958 | (41 | ) | ||||||||||||||
7/5/2016 | USD | 16,633 | SEK | 140,919 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 16,633 | SEK | 140,919 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 16,633 | SEK | 140,919 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 12,675 | SEK | 107,395 | — | |||||||||||||||
7/5/2016 | USD | 16,633 | SEK | 140,926 | — | |||||||||||||||
7/5/2016 | USD | 764 | SGD | 1,026 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 8,747 | SGD | 11,771 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 8,747 | SGD | 11,773 | — | |||||||||||||||
7/5/2016 | USD | 8,747 | SGD | 11,774 | 1 | |||||||||||||||
7/5/2016 | USD | 8,747 | SGD | 11,773 | — | |||||||||||||||
7/5/2016 | USD | 6,668 | SGD | 8,975 | — | |||||||||||||||
8/2/2016 | DKK | 19,418 | USD | 2,902 | (1 | ) | ||||||||||||||
8/2/2016 | DKK | 19,417 | USD | 2,902 | — | |||||||||||||||
8/2/2016 | DKK | 14,806 | USD | 2,213 | — | |||||||||||||||
8/2/2016 | DKK | 19,417 | USD | 2,902 | — | |||||||||||||||
8/2/2016 | DKK | 19,416 | USD | 2,902 | — | |||||||||||||||
8/2/2016 | EUR | 46,732 | USD | 51,972 | 3 | |||||||||||||||
8/2/2016 | EUR | 46,734 | USD | 51,972 | 1 | |||||||||||||||
8/2/2016 | EUR | 46,735 | USD | 51,972 | — | |||||||||||||||
8/2/2016 | EUR | 35,610 | USD | 39,600 | (1 | ) | ||||||||||||||
8/2/2016 | EUR | 46,734 | USD | 51,972 | — | |||||||||||||||
8/2/2016 | GBP | 49,722 | USD | 66,478 | (3 | ) | ||||||||||||||
8/2/2016 | GBP | 49,719 | USD | 66,478 | 1 | |||||||||||||||
8/2/2016 | GBP | 49,718 | USD | 66,478 | 2 | |||||||||||||||
8/2/2016 | GBP | 37,881 | USD | 50,653 | 4 | |||||||||||||||
8/2/2016 | GBP | 49,719 | USD | 66,478 | 1 | |||||||||||||||
8/2/2016 | ILS | 25,815 | USD | 6,705 | (2 | ) | ||||||||||||||
8/2/2016 | ILS | 25,802 | USD | 6,705 | 2 | |||||||||||||||
8/2/2016 | ILS | 25,811 | USD | 6,705 | (1 | ) | ||||||||||||||
8/2/2016 | ILS | 19,669 | USD | 5,110 | — | |||||||||||||||
8/2/2016 | ILS | 25,813 | USD | 6,705 | (1 | ) | ||||||||||||||
8/2/2016 | NOK | 20,916 | USD | 2,470 | (29 | ) | ||||||||||||||
8/2/2016 | NOK | 20,669 | USD | 2,470 | — | |||||||||||||||
8/2/2016 | NOK | 20,669 | USD | 2,470 | — | |||||||||||||||
8/2/2016 | NOK | 15,758 | USD | 1,883 | — | |||||||||||||||
8/2/2016 | NOK | 20,670 | USD | 2,470 | — | |||||||||||||||
8/2/2016 | NZD | 4,526 | USD | 3,219 | — | |||||||||||||||
8/2/2016 | NZD | 4,526 | USD | 3,219 | — | |||||||||||||||
8/2/2016 | NZD | 4,526 | USD | 3,219 | — | |||||||||||||||
8/2/2016 | NZD | 3,449 | USD | 2,453 | — | |||||||||||||||
8/2/2016 | NZD | 4,526 | USD | 3,219 | — | |||||||||||||||
8/2/2016 | SEK | 115,602 | USD | 13,661 | — | |||||||||||||||
8/2/2016 | SEK | 115,604 | USD | 13,661 | — | |||||||||||||||
8/2/2016 | SEK | 115,604 | USD | 13,661 | — | |||||||||||||||
8/2/2016 | SEK | 115,609 | USD | 13,661 | — | |||||||||||||||
8/2/2016 | SEK | 88,092 | USD | 10,409 | (1 | ) | ||||||||||||||
8/3/2016 | AUD | 14,147 | USD | 10,523 | — | |||||||||||||||
8/3/2016 | AUD | 14,147 | USD | 10,523 | — | |||||||||||||||
8/3/2016 | AUD | 14,147 | USD | 10,523 | — | |||||||||||||||
8/3/2016 | AUD | 14,147 | USD | 10,523 | — | |||||||||||||||
8/3/2016 | AUD | 10,784 | USD | 8,021 | — | |||||||||||||||
8/3/2016 | CHF | 4,640 | USD | 4,772 | — | |||||||||||||||
8/3/2016 | CHF | 4,641 | USD | 4,772 | (1 | ) |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 49 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2016
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
8/3/2016 | CHF | 3,537 | USD | 3,637 | $ | — | ||||||||||||||
8/3/2016 | CHF | 4,640 | USD | 4,772 | — | |||||||||||||||
8/3/2016 | CHF | 4,641 | USD | 4,772 | (1 | ) | ||||||||||||||
8/3/2016 | JPY | 6,758,459 | USD | 65,936 | (2 | ) | ||||||||||||||
8/3/2016 | JPY | 6,758,182 | USD | 65,936 | 1 | |||||||||||||||
8/3/2016 | JPY | 6,758,565 | USD | 65,936 | (3 | ) | ||||||||||||||
8/3/2016 | JPY | 6,758,433 | USD | 65,936 | (1 | ) | ||||||||||||||
8/3/2016 | JPY | 5,149,798 | USD | 50,239 | (4 | ) | ||||||||||||||
8/3/2016 | SGD | 10,504 | USD | 7,799 | (4 | ) | ||||||||||||||
8/3/2016 | SGD | 10,500 | USD | 7,799 | (1 | ) | ||||||||||||||
8/3/2016 | SGD | 10,502 | USD | 7,799 | (2 | ) | ||||||||||||||
8/3/2016 | SGD | 10,501 | USD | 7,799 | (1 | ) | ||||||||||||||
8/3/2016 | SGD | 8,004 | USD | 5,944 | (2 | ) | ||||||||||||||
$ | (4,960 | ) |
CURRENCY LEGEND |
AUD – Australian dollar
CHF – Swiss franc
DKK – Danish krone
EUR – Euro
GBP – British pound
ILS – Israeli New shekel
JPY – Japanese yen
NOK – Norwegian krone
NZD – New Zealand dollar
SEK – Swedish krona
SGD – Singapore dollar
USD – U.S. dollar
See Notes to Financial Statements.
50 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.0% | ||||||||
Japan – 100.0% | ||||||||
Air Freight & Logistics – 0.4% | ||||||||
Kintetsu World Express, Inc. | 300 | $ | 3,611 | |||||
Mitsui-Soko Holdings Co., Ltd. | 1,000 | 2,661 | ||||||
Shibusawa Warehouse Co., Ltd. (The) | 2,000 | 5,342 | ||||||
Yamato Holdings Co., Ltd. | 300 | 6,844 | ||||||
|
| |||||||
Total Air Freight & Logistics | 18,458 | |||||||
Airlines – 0.5% | ||||||||
ANA Holdings, Inc. | 3,000 | 8,515 | ||||||
Japan Airlines Co., Ltd. | 500 | 16,045 | ||||||
|
| |||||||
Total Airlines | 24,560 | |||||||
Auto Components – 4.1% | ||||||||
Aisin Seiki Co., Ltd. | 300 | 12,092 | ||||||
Bridgestone Corp. | 1,500 | 47,797 | ||||||
Denso Corp. | 1,300 | 45,327 | ||||||
Eagle Industry Co., Ltd. | 300 | 3,451 | ||||||
Exedy Corp. | 100 | 2,125 | ||||||
FCC Co., Ltd. | 100 | 1,613 | ||||||
Keihin Corp. | 200 | 3,047 | ||||||
Koito Manufacturing Co., Ltd. | 200 | 9,114 | ||||||
NGK Spark Plug Co., Ltd. | 300 | 4,471 | ||||||
Nifco, Inc. | 100 | 5,205 | ||||||
NOK Corp. | 300 | 5,038 | ||||||
Stanley Electric Co., Ltd. | 200 | 4,225 | ||||||
Sumitomo Electric Industries Ltd. | 1,000 | 13,067 | ||||||
Sumitomo Rubber Industries Ltd.(a) | 600 | 7,971 | ||||||
Tokai Rika Co., Ltd. | 100 | 1,460 | ||||||
Toyoda Gosei Co., Ltd. | 300 | 5,296 | ||||||
Toyota Boshoku Corp. | 200 | 4,125 | ||||||
TS Tech Co., Ltd. | 100 | 2,426 | ||||||
Yokohama Rubber Co., Ltd. (The) | 300 | 3,720 | ||||||
|
| |||||||
Total Auto Components | 181,570 | |||||||
Automobiles – 10.3% | ||||||||
Daihatsu Motor Co., Ltd. | 500 | 6,448 | ||||||
Fuji Heavy Industries Ltd. | 1,500 | 50,853 | ||||||
Honda Motor Co., Ltd. | 2,700 | 67,704 | ||||||
Isuzu Motors Ltd. | 1,200 | 14,604 | ||||||
Mazda Motor Corp. | 500 | 6,623 | ||||||
Mitsubishi Motors Corp. | 1,100 | 5,029 | ||||||
Nissan Motor Co., Ltd. | 9,100 | 81,420 | ||||||
Suzuki Motor Corp. | 400 | 10,736 | ||||||
Toyota Motor Corp. | 4,300 | 211,752 | ||||||
Yamaha Motor Co., Ltd. | 300 | 4,506 | ||||||
|
| |||||||
Total Automobiles | 459,675 | |||||||
Banks – 9.8% | ||||||||
77 Bank Ltd. (The) | 1,000 | 3,470 | ||||||
Aozora Bank Ltd. | 3,000 | 10,352 | ||||||
Ashikaga Holdings Co., Ltd. | 1,000 | 3,187 | ||||||
Bank of Kyoto Ltd. (The) | 1,000 | 6,073 | ||||||
Chiba Bank Ltd. (The) | 1,000 | 4,689 | ||||||
Daishi Bank Ltd. (The) | 1,000 | 3,168 | ||||||
Ehime Bank Ltd. (The) | 2,000 | $ | 4,425 | |||||
Fukui Bank Ltd. (The)(a) | 2,000 | 4,406 | ||||||
Fukuoka Financial Group, Inc. | 2,000 | 6,531 | ||||||
Gunma Bank Ltd. (The) | 1,000 | 3,607 | ||||||
Hachijuni Bank Ltd. (The) | 1,200 | 5,193 | ||||||
Hiroshima Bank Ltd. (The) | 1,000 | 3,314 | ||||||
Hokuetsu Bank Ltd. (The) | 1,000 | 1,686 | ||||||
Hokuhoku Financial Group, Inc. | 5,000 | 5,654 | ||||||
Hyakujushi Bank Ltd. (The) | 1,000 | 2,895 | ||||||
Iyo Bank Ltd. (The) | 600 | 3,644 | ||||||
Joyo Bank Ltd. (The) | 1,000 | 3,714 | ||||||
Juroku Bank Ltd. (The) | 1,000 | 2,632 | ||||||
Keiyo Bank Ltd. (The) | 1,000 | 3,733 | ||||||
Kyushu Financial Group, Inc. | 500 | 2,466 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 23,000 | 102,210 | ||||||
Mizuho Financial Group, Inc. | 57,700 | 83,409 | ||||||
Musashino Bank Ltd. (The) | 200 | 4,499 | ||||||
Nishi-Nippon City Bank Ltd. (The) | 2,000 | 3,490 | ||||||
North Pacific Bank Ltd. | 1,600 | 4,320 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 1,000 | 2,749 | ||||||
Oita Bank Ltd. (The) | 2,000 | 5,731 | ||||||
Resona Holdings, Inc. | 5,300 | 19,218 | ||||||
Seven Bank Ltd. | 1,500 | 4,620 | ||||||
Shizuoka Bank Ltd. (The) | 1,000 | 6,989 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 3,100 | 88,416 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 7,000 | 22,503 | ||||||
Suruga Bank Ltd. | 200 | 4,494 | ||||||
|
| |||||||
Total Banks | 437,487 | |||||||
Beverages – 1.4% | ||||||||
Asahi Group Holdings Ltd. | 400 | 12,890 | ||||||
Coca-Cola East Japan Co., Ltd. | 200 | 3,815 | ||||||
Coca-Cola West Co., Ltd. | 200 | 5,638 | ||||||
Ito En Ltd. | 200 | 7,710 | ||||||
Kirin Holdings Co., Ltd. | 1,300 | 21,834 | ||||||
Suntory Beverage & Food Ltd. | 200 | 9,007 | ||||||
|
| |||||||
Total Beverages | 60,894 | |||||||
Building Products – 1.0% | ||||||||
Aica Kogyo Co., Ltd. | 200 | 4,533 | ||||||
Asahi Glass Co., Ltd.(a) | 2,000 | 10,761 | ||||||
Daikin Industries Ltd. | 200 | 16,598 | ||||||
Sanwa Holdings Corp. | 400 | 3,599 | ||||||
TOTO Ltd. | 200 | 7,915 | ||||||
|
| |||||||
Total Building Products | 43,406 | |||||||
Capital Markets – 1.4% | ||||||||
Daiwa Securities Group, Inc. | 4,000 | 20,957 | ||||||
Ichiyoshi Securities Co., Ltd. | 500 | 3,558 | ||||||
IwaiCosmo Holdings, Inc. | 600 | 4,936 | ||||||
kabu.com Securities Co., Ltd. | 1,200 | 3,848 | ||||||
Matsui Securities Co., Ltd. | 300 | 2,462 | ||||||
Nomura Holdings, Inc. | 3,400 | 12,103 | ||||||
Okasan Securities Group, Inc. | 1,000 | 4,416 | ||||||
SBI Holdings, Inc. | 300 | 2,951 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 1,200 | 5,053 | ||||||
|
| |||||||
Total Capital Markets | 60,284 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2016
Investments | Shares | Value | ||||||
Chemicals – 3.9% | ||||||||
Asahi Kasei Corp. | 2,000 | $ | 13,802 | |||||
DIC Corp. | 100 | 2,072 | ||||||
Hitachi Chemical Co., Ltd. | 300 | 5,536 | ||||||
JSR Corp. | 500 | 6,560 | ||||||
Kaneka Corp. | 1,000 | 6,609 | ||||||
Kansai Paint Co., Ltd. | 200 | 4,006 | ||||||
Kuraray Co., Ltd. | 600 | 7,106 | ||||||
Lintec Corp. | 100 | 1,948 | ||||||
Mitsubishi Chemical Holdings Corp. | 2,100 | 9,512 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 1,000 | 5,176 | ||||||
Mitsui Chemicals, Inc. | 1,000 | 3,626 | ||||||
Nihon Parkerizing Co., Ltd. | 300 | 3,126 | ||||||
Nippon Paint Holdings Co., Ltd. | 200 | 4,878 | ||||||
Nippon Shokubai Co., Ltd. | 100 | 5,683 | ||||||
Nippon Valqua Industries Ltd. | 2,000 | 5,088 | ||||||
Nissan Chemical Industries Ltd. | 200 | 5,786 | ||||||
Nitto Denko Corp. | 100 | 6,274 | ||||||
Shin-Etsu Chemical Co., Ltd. | 400 | 23,246 | ||||||
Showa Denko K.K. | 500 | 4,684 | ||||||
Sumitomo Chemical Co., Ltd. | 3,000 | 12,223 | ||||||
Taiyo Holdings Co., Ltd. | 100 | 3,066 | ||||||
Taiyo Nippon Sanso Corp. | 500 | 4,552 | ||||||
Teijin Ltd. | 1,000 | 3,285 | ||||||
Toagosei Co., Ltd. | 400 | 3,657 | ||||||
Toray Industries, Inc. | 1,000 | 8,474 | ||||||
Tosoh Corp. | 1,000 | 4,562 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 1,000 | 4,162 | ||||||
Toyobo Co., Ltd. | 2,000 | 3,763 | ||||||
Ube Industries Ltd. | 1,000 | 1,638 | ||||||
|
| |||||||
Total Chemicals | 174,100 | |||||||
Commercial Services & Supplies – 1.1% | ||||||||
Dai Nippon Printing Co., Ltd. | 1,000 | 11,063 | ||||||
Kokuyo Co., Ltd. | 200 | 2,840 | ||||||
Okamura Corp. | 400 | 3,958 | ||||||
Park24 Co., Ltd. | 200 | 6,853 | ||||||
Secom Co., Ltd. | 200 | 14,725 | ||||||
Toppan Printing Co., Ltd. | 1,000 | 8,558 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 47,997 | |||||||
Construction & Engineering – 1.2% | ||||||||
COMSYS Holdings Corp. | 200 | 3,225 | ||||||
Kajima Corp. | 1,000 | 6,901 | ||||||
Kinden Corp. | 400 | 4,305 | ||||||
Kyowa Exeo Corp. | 200 | 2,484 | ||||||
Obayashi Corp. | 900 | 9,518 | ||||||
Shimizu Corp. | 1,000 | 9,319 | ||||||
Taikisha Ltd. | 200 | 4,938 | ||||||
Taisei Corp. | 1,000 | 8,168 | ||||||
Toda Corp. | 1,000 | 4,289 | ||||||
|
| |||||||
Total Construction & Engineering | 53,147 | |||||||
Construction Materials – 0.1% | ||||||||
Taiheiyo Cement Corp. | 1,000 | 2,349 | ||||||
Containers & Packaging – 0.1% | ||||||||
Toyo Seikan Group Holdings Ltd. | 200 | $ | 3,786 | |||||
Distributors – 0.2% | ||||||||
Canon Marketing Japan, Inc. | 200 | 3,632 | ||||||
Paltac Corp. | 200 | 4,037 | ||||||
|
| |||||||
Total Distributors | 7,669 | |||||||
Diversified Financial Services – 0.4% | ||||||||
IBJ Leasing Co., Ltd. | 300 | 5,149 | ||||||
Japan Exchange Group, Inc. | 1,100 | 12,524 | ||||||
|
| |||||||
Total Diversified Financial Services | 17,673 | |||||||
Diversified Telecommunication Services – 2.6% | ||||||||
Nippon Telegraph & Telephone Corp. | 2,500 | 116,971 | ||||||
Electric Utilities – 0.7% | ||||||||
Chubu Electric Power Co., Inc. | 600 | 8,472 | ||||||
Chugoku Electric Power Co., Inc. (The) | 600 | 7,597 | ||||||
Hokuriku Electric Power Co. | 500 | 6,165 | ||||||
Shikoku Electric Power Co., Inc. | 300 | 3,527 | ||||||
Tohoku Electric Power Co., Inc. | 400 | 5,018 | ||||||
|
| |||||||
Total Electric Utilities | 30,779 | |||||||
Electrical Equipment – 1.4% | ||||||||
Fuji Electric Co., Ltd. | 1,000 | 4,114 | ||||||
Furukawa Electric Co., Ltd. | 1,000 | 2,300 | ||||||
GS Yuasa Corp. | 1,000 | 3,802 | ||||||
Idec Corp. | 500 | 4,401 | ||||||
Mabuchi Motor Co., Ltd. | 100 | 4,172 | ||||||
Mitsubishi Electric Corp. | 2,000 | 23,550 | ||||||
Nidec Corp. | 200 | 15,054 | ||||||
Nitto Kogyo Corp. | 300 | 3,693 | ||||||
|
| |||||||
Total Electrical Equipment | 61,086 | |||||||
Electronic Equipment, Instruments & Components – 3.1% | ||||||||
Alps Electric Co., Ltd. | 200 | 3,722 | ||||||
Amano Corp. | 200 | 3,462 | ||||||
Azbil Corp. | 200 | 5,858 | ||||||
Canon Electronics, Inc.(a) | 300 | 4,123 | ||||||
Dexerials Corp. | 400 | 2,788 | ||||||
Enplas Corp. | 100 | 2,621 | ||||||
Hamamatsu Photonics K.K. | 100 | 2,783 | ||||||
Hitachi High-Technologies Corp. | 200 | 5,422 | ||||||
Hitachi Ltd. | 6,000 | 24,792 | ||||||
Kyocera Corp. | 400 | 18,879 | ||||||
Kyosan Electric Manufacturing Co., Ltd. | 1,000 | 3,246 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 300 | 3,082 | ||||||
Murata Manufacturing Co., Ltd. | 200 | 22,186 | ||||||
Nippon Electric Glass Co., Ltd. | 1,000 | 4,143 | ||||||
Oki Electric Industry Co., Ltd. | 2,000 | 2,651 | ||||||
Omron Corp. | 300 | 9,679 | ||||||
Satori Electric Co., Ltd. | 600 | 3,901 | ||||||
TDK Corp. | 100 | 5,527 | ||||||
Yaskawa Electric Corp. | 200 | 2,579 | ||||||
Yokogawa Electric Corp. | 400 | 4,468 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 135,912 |
See Notes to Financial Statements.
52 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2016
Investments | Shares | Value | ||||||
Food & Staples Retailing – 2.0% | ||||||||
Aeon Co., Ltd. | 800 | $ | 12,368 | |||||
Arcs Co., Ltd. | 200 | 4,749 | ||||||
Axial Retailing, Inc. | 100 | 3,441 | ||||||
Cawachi Ltd. | 200 | 4,765 | ||||||
FamilyMart Co., Ltd. | 200 | 12,184 | ||||||
Lawson, Inc. | 100 | 7,964 | ||||||
Seven & I Holdings Co., Ltd. | 700 | 29,210 | ||||||
Sundrug Co., Ltd. | 100 | 9,319 | ||||||
UNY Group Holdings Co., Ltd. | 400 | 3,357 | ||||||
|
| |||||||
Total Food & Staples Retailing | 87,357 | |||||||
Food Products – 1.0% | ||||||||
Ajinomoto Co., Inc. | 300 | 7,036 | ||||||
Kewpie Corp. | 200 | 6,336 | ||||||
Megmilk Snow Brand Co., Ltd. | 100 | 3,485 | ||||||
MEIJI Holdings Co., Ltd. | 100 | 10,166 | ||||||
Nissin Foods Holdings Co., Ltd. | 100 | 5,449 | ||||||
Toyo Suisan Kaisha Ltd. | 200 | 8,071 | ||||||
Yakult Honsha Co., Ltd. | 100 | 5,147 | ||||||
|
| |||||||
Total Food Products | 45,690 | |||||||
Gas Utilities – 0.6% | ||||||||
Osaka Gas Co., Ltd. | 2,000 | 7,650 | ||||||
Saibu Gas Co., Ltd. | 2,000 | 4,854 | ||||||
Tokyo Gas Co., Ltd. | 3,000 | 12,294 | ||||||
|
| |||||||
Total Gas Utilities | 24,798 | |||||||
Health Care Equipment & Supplies – 0.8% | ||||||||
Hoya Corp. | 400 | 14,169 | ||||||
Nihon Kohden Corp. | 100 | 2,793 | ||||||
Nipro Corp. | 400 | 4,936 | ||||||
Sysmex Corp. | 100 | 6,813 | ||||||
Terumo Corp. | 200 | 8,471 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 37,182 | |||||||
Health Care Providers & Services – 0.4% | ||||||||
Alfresa Holdings Corp. | 200 | 4,145 | ||||||
Medipal Holdings Corp. | 200 | 3,267 | ||||||
Miraca Holdings, Inc. | 100 | 4,308 | ||||||
Ship Healthcare Holdings, Inc. | 100 | 3,090 | ||||||
Suzuken Co., Ltd. | 100 | 3,129 | ||||||
|
| |||||||
Total Health Care Providers & Services | 17,939 | |||||||
Health Care Technology – 0.1% | ||||||||
M3, Inc. | 100 | 3,460 | ||||||
Hotels, Restaurants & Leisure – 0.6% | ||||||||
Accordia Golf Co., Ltd. | 500 | 5,225 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 200 | 5,449 | ||||||
Oriental Land Co., Ltd. | 100 | 6,457 | ||||||
Round One Corp. | 600 | 4,807 | ||||||
Skylark Co., Ltd. | 400 | 5,053 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 26,991 | |||||||
Household Durables – 2.3% | ||||||||
Fuji Corp., Ltd. | 600 | 3,802 | ||||||
Haseko Corp. | 200 | 1,990 | ||||||
Iida Group Holdings Co., Ltd. | 400 | $ | 8,122 | |||||
Nihon House Holdings Co., Ltd. | 1,900 | 5,834 | ||||||
Nikon Corp. | 300 | 4,053 | ||||||
Panasonic Corp. | 3,300 | 28,339 | ||||||
Sangetsu Co., Ltd. | 200 | 3,735 | ||||||
Sekisui Chemical Co., Ltd. | 600 | 7,334 | ||||||
Sekisui House Ltd. | 1,200 | 20,815 | ||||||
Sony Corp. | 400 | 11,650 | ||||||
Starts Corp., Inc. | 200 | 3,954 | ||||||
Sumitomo Forestry Co., Ltd. | 200 | 2,690 | ||||||
|
| |||||||
Total Household Durables | 102,318 | |||||||
Household Products – 0.3% | ||||||||
Pigeon Corp. | 200 | 5,897 | ||||||
Unicharm Corp. | 300 | 6,682 | ||||||
|
| |||||||
Total Household Products | 12,579 | |||||||
Independent Power & Renewable Electricity Producers – 0.2% | ||||||||
Electric Power Development Co., Ltd. | 300 | 6,957 | ||||||
Industrial Conglomerates – 0.1% | ||||||||
Nisshinbo Holdings, Inc. | 300 | 2,699 | ||||||
Seibu Holdings, Inc. | 200 | 3,371 | ||||||
|
| |||||||
Total Industrial Conglomerates | 6,070 | |||||||
Insurance – 4.1% | ||||||||
Dai-ichi Life Insurance Co., Ltd. (The) | 1,700 | 18,675 | ||||||
Japan Post Holdings Co., Ltd. | 4,300 | 52,016 | ||||||
Japan Post Insurance Co., Ltd. | 800 | 16,306 | ||||||
MS&AD Insurance Group Holdings, Inc. | 1,000 | 25,553 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 300 | 7,891 | ||||||
Sony Financial Holdings, Inc. | 1,000 | 11,151 | ||||||
T&D Holdings, Inc. | 1,200 | 10,047 | ||||||
Tokio Marine Holdings, Inc. | 1,200 | 39,384 | ||||||
|
| |||||||
Total Insurance | 181,023 | |||||||
Internet & Catalog Retail – 0.2% | ||||||||
Rakuten, Inc. | 400 | 4,299 | ||||||
Start Today Co., Ltd. | 100 | 5,244 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 9,543 | |||||||
Internet Software & Services – 0.8% | ||||||||
GMO Internet, Inc. | 200 | 2,061 | ||||||
Kakaku.com, Inc. | 100 | 1,974 | ||||||
Mixi, Inc. | 200 | 8,178 | ||||||
Yahoo Japan Corp. | 5,500 | 24,232 | ||||||
|
| |||||||
Total Internet Software & Services | 36,445 | |||||||
IT Services – 1.1% | ||||||||
Fujitsu Ltd. | 2,000 | 7,291 | ||||||
Itochu Techno-Solutions Corp. | 200 | 4,281 | ||||||
Nomura Research Institute Ltd. | 200 | 7,291 | ||||||
NS Solutions Corp. | 100 | 1,533 | ||||||
NTT Data Corp. | 200 | 9,416 | ||||||
Obic Co., Ltd. | 100 | 5,468 | ||||||
Otsuka Corp. | 100 | 4,655 | ||||||
SCSK Corp. | 100 | 3,729 | ||||||
Transcosmos, Inc. | 200 | 5,660 | ||||||
|
| |||||||
Total IT Services | 49,324 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 53 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2016
Investments | Shares | Value | ||||||
Leisure Products – 0.7% | ||||||||
Bandai Namco Holdings, Inc. | 300 | $ | 7,699 | |||||
Heiwa Corp. | 200 | 4,033 | ||||||
Sankyo Co., Ltd. | 200 | 7,467 | ||||||
Sega Sammy Holdings, Inc. | 700 | 7,499 | ||||||
Yamaha Corp. | 200 | 5,336 | ||||||
|
| |||||||
Total Leisure Products | 32,034 | |||||||
Machinery – 5.7% | ||||||||
Alinco, Inc. | 600 | 5,626 | ||||||
Amada Holdings Co., Ltd. | 600 | 6,036 | ||||||
Daifuku Co., Ltd. | 200 | 3,544 | ||||||
DMG Mori Co., Ltd. | 200 | 1,895 | ||||||
Ebara Corp. | 1,000 | 5,468 | ||||||
FANUC Corp. | 300 | 48,353 | ||||||
Giken Ltd. | 200 | 3,727 | ||||||
Hino Motors Ltd. | 1,100 | 10,840 | ||||||
Hitachi Construction Machinery Co., Ltd. | 300 | 4,331 | ||||||
Hoshizaki Electric Co., Ltd. | 100 | 9,738 | ||||||
IHI Corp. | 1,000 | 2,651 | ||||||
JTEKT Corp. | 400 | 4,472 | ||||||
Kawasaki Heavy Industries Ltd. | 3,000 | 8,334 | ||||||
Komatsu Ltd. | 1,600 | 27,597 | ||||||
Kubota Corp. | 1,000 | 13,330 | ||||||
Kurita Water Industries Ltd. | 200 | 4,441 | ||||||
Makita Corp. | 200 | 13,179 | ||||||
Minebea Co., Ltd. | 700 | 4,674 | ||||||
Mitsubishi Heavy Industries Ltd. | 5,000 | 19,856 | ||||||
Miura Co., Ltd. | 200 | 4,447 | ||||||
Nabtesco Corp.(a) | 200 | 4,733 | ||||||
Nachi-Fujikoshi Corp. | 1,000 | 3,012 | ||||||
Noritake Co., Ltd. | 2,000 | 4,542 | ||||||
NSK Ltd. | 1,000 | 7,330 | ||||||
NTN Corp. | 2,000 | 5,303 | ||||||
OSG Corp. | 100 | 1,653 | ||||||
Shinmaywa Industries Ltd. | 1,000 | 6,151 | ||||||
Sodick Co., Ltd. | 200 | 1,528 | ||||||
Sumitomo Heavy Industries Ltd. | 2,000 | 8,656 | ||||||
Tadano Ltd. | 400 | 3,299 | ||||||
THK Co., Ltd. | 200 | 3,379 | ||||||
|
| |||||||
Total Machinery | 252,125 | |||||||
Marine – 0.3% | ||||||||
Kawasaki Kisen Kaisha Ltd. | 2,000 | 4,679 | ||||||
Mitsui OSK Lines Ltd. | 1,000 | 2,106 | ||||||
Nippon Yusen K.K. | 3,000 | 5,234 | ||||||
|
| |||||||
Total Marine | 12,019 | |||||||
Media – 0.6% | ||||||||
CyberAgent, Inc.(a) | 100 | 6,014 | ||||||
Daiichikosho Co., Ltd. | 100 | 4,186 | ||||||
Dentsu, Inc. | 200 | 9,299 | ||||||
Hakuhodo DY Holdings, Inc. | 400 | 4,765 | ||||||
Toho Co., Ltd. | 100 | 2,753 | ||||||
|
| |||||||
Total Media | 27,017 | |||||||
Metals & Mining – 1.5% | ||||||||
Daido Steel Co., Ltd. | 1,000 | $ | 3,402 | |||||
Dowa Holdings Co., Ltd. | 1,000 | 5,098 | ||||||
Hitachi Metals Ltd. | 600 | 6,018 | ||||||
JFE Holdings, Inc. | 500 | 6,409 | ||||||
Mitsubishi Materials Corp. | 2,000 | 4,737 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 1,000 | 1,647 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 1,600 | 3,525 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 1,100 | 20,994 | ||||||
Nisshin Steel Co., Ltd. | 200 | 2,535 | ||||||
Sumitomo Metal Mining Co., Ltd. | 1,000 | 10,025 | ||||||
Yamato Kogyo Co., Ltd. | 200 | 4,511 | ||||||
|
| |||||||
Total Metals & Mining | 68,901 | |||||||
Multiline Retail – 0.5% | ||||||||
Isetan Mitsukoshi Holdings Ltd. | 500 | 4,416 | ||||||
Izumi Co., Ltd. | 100 | 3,875 | ||||||
J. Front Retailing Co., Ltd. | 600 | 6,170 | ||||||
Marui Group Co., Ltd. | 200 | 2,675 | ||||||
Takashimaya Co., Ltd. | 1,000 | 7,125 | ||||||
|
| |||||||
Total Multiline Retail | 24,261 | |||||||
Oil, Gas & Consumable Fuels – 0.9% | ||||||||
Idemitsu Kosan Co., Ltd. | 200 | 4,312 | ||||||
JX Holdings, Inc. | 4,100 | 15,934 | ||||||
Showa Shell Sekiyu K.K. | 1,000 | 9,280 | ||||||
TonenGeneral Sekiyu K.K. | 1,000 | 9,065 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 38,591 | |||||||
Paper & Forest Products – 0.2% | ||||||||
Nippon Paper Industries Co., Ltd. | 200 | 3,484 | ||||||
Oji Holdings Corp. | 2,000 | 7,642 | ||||||
|
| |||||||
Total Paper & Forest Products | 11,126 | |||||||
Personal Products – 0.8% | ||||||||
Kao Corp. | 400 | 23,117 | ||||||
Pola Orbis Holdings, Inc. | 100 | 9,309 | ||||||
Shiseido Co., Ltd. | 200 | 5,141 | ||||||
|
| |||||||
Total Personal Products | 37,567 | |||||||
Pharmaceuticals – 5.7% | ||||||||
Astellas Pharma, Inc. | 2,500 | 38,990 | ||||||
Chugai Pharmaceutical Co., Ltd. | 500 | 17,716 | ||||||
Daiichi Sankyo Co., Ltd. | 1,100 | �� | 26,522 | |||||
Eisai Co., Ltd. | 300 | 16,633 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 100 | 5,732 | ||||||
Kaken Pharmaceutical Co., Ltd. | 100 | 6,521 | ||||||
KYORIN Holdings, Inc. | 100 | 1,949 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 300 | 5,076 | ||||||
Mitsubishi Tanabe Pharma Corp. | 600 | 10,779 | ||||||
Ono Pharmaceutical Co., Ltd. | 300 | 12,960 | ||||||
Otsuka Holdings Co., Ltd. | 600 | 27,599 | ||||||
Santen Pharmaceutical Co., Ltd. | 200 | 3,119 | ||||||
Shionogi & Co., Ltd. | 200 | 10,855 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. | 400 | 6,890 | ||||||
Takeda Pharmaceutical Co., Ltd. | 1,400 | 60,372 | ||||||
Tsumura & Co. | 100 | 2,701 | ||||||
|
| |||||||
Total Pharmaceuticals | 254,414 |
See Notes to Financial Statements.
54 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2016
Investments | Shares | Value | ||||||
Professional Services – 0.5% | ||||||||
Recruit Holdings Co., Ltd. | 500 | $ | 18,203 | |||||
TechnoPro Holdings, Inc. | 100 | 3,095 | ||||||
|
| |||||||
Total Professional Services | 21,298 | |||||||
Real Estate Management & Development – 2.2% | ||||||||
Aeon Mall Co., Ltd. | 200 | 2,601 | ||||||
Airport Facilities Co., Ltd. | 1,000 | 4,864 | ||||||
Daito Trust Construction Co., Ltd. | 100 | 16,220 | ||||||
Daiwa House Industry Co., Ltd. | 800 | 23,254 | ||||||
Hulic Co., Ltd. | 600 | 6,270 | ||||||
Mitsui Fudosan Co., Ltd. | 1,000 | 22,726 | ||||||
Nomura Real Estate Holdings, Inc. | 300 | 5,202 | ||||||
NTT Urban Development Corp. | 400 | 4,258 | ||||||
Open House Co., Ltd. | 100 | 2,702 | ||||||
Sumitomo Real Estate Sales Co., Ltd. | 100 | 1,951 | ||||||
Sun Frontier Fudousan Co., Ltd. | 200 | 2,026 | ||||||
Tokyo Tatemono Co., Ltd. | 200 | 2,382 | ||||||
Tokyu Fudosan Holdings Corp. | 600 | 3,708 | ||||||
|
| |||||||
Total Real Estate Management & Development | 98,164 | |||||||
Road & Rail – 2.1% | ||||||||
Central Japan Railway Co. | 100 | 17,667 | ||||||
East Japan Railway Co. | 200 | 18,390 | ||||||
Hankyu Hanshin Holdings, Inc. | 1,000 | 7,428 | ||||||
Kintetsu Group Holdings Co., Ltd. | 1,000 | 4,269 | ||||||
Nagoya Railroad Co., Ltd. | 1,000 | 5,624 | ||||||
Nikkon Holdings Co., Ltd. | 100 | 1,784 | ||||||
Nippon Express Co., Ltd. | 1,000 | 4,542 | ||||||
Seino Holdings Co., Ltd. | 400 | 3,646 | ||||||
Senko Co., Ltd. | 600 | 3,597 | ||||||
Tobu Railway Co., Ltd. | 1,000 | 5,468 | ||||||
Tokyu Corp. | 1,000 | 8,744 | ||||||
West Japan Railway Co. | 200 | 12,607 | ||||||
|
| |||||||
Total Road & Rail | 93,766 | |||||||
Semiconductors & Semiconductor Equipment – 0.9% | ||||||||
Advantest Corp. | 400 | 4,425 | ||||||
Disco Corp. | 100 | 8,958 | ||||||
Mimasu Semiconductor Industry Co., Ltd. | 300 | 2,802 | ||||||
Sumco Corp. | 500 | 3,153 | ||||||
Tokyo Electron Ltd. | 200 | 16,717 | ||||||
Tokyo Seimitsu Co., Ltd. | 200 | 4,615 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 40,670 | |||||||
Software – 0.9% | ||||||||
Capcom Co., Ltd. | 100 | 2,297 | ||||||
GungHo Online Entertainment, Inc. | 1,300 | 3,497 | ||||||
Konami Holdings Corp. | 200 | 7,593 | ||||||
Nexon Co., Ltd. | 100 | 1,469 | ||||||
NSD Co., Ltd. | 200 | 3,174 | ||||||
Oracle Corp. | 200 | 10,625 | ||||||
Square Enix Holdings Co., Ltd. | 200 | 6,453 | ||||||
Trend Micro, Inc. | 100 | 3,553 | ||||||
|
| |||||||
Total Software | 38,661 | |||||||
Specialty Retail – 1.8% | ||||||||
ABC-Mart, Inc. | 100 | $ | 6,677 | |||||
Aoyama Trading Co., Ltd. | 100 | 3,665 | ||||||
DCM Holdings Co., Ltd. | 500 | 4,265 | ||||||
Fast Retailing Co., Ltd. | 100 | 26,611 | ||||||
Hikari Tsushin, Inc. | 100 | 8,354 | ||||||
K’s Holdings Corp. | 200 | 3,718 | ||||||
Kohnan Shoji Co., Ltd. | 200 | 3,688 | ||||||
Pal Co., Ltd. | 100 | 2,344 | ||||||
Sanrio Co., Ltd. | 200 | 3,548 | ||||||
Shimachu Co., Ltd. | 100 | 2,170 | ||||||
T-Gaia Corp. | 200 | 2,799 | ||||||
USS Co., Ltd. | 400 | 6,562 | ||||||
Yamada Denki Co., Ltd. | 1,200 | 6,316 | ||||||
|
| |||||||
Total Specialty Retail | 80,717 | |||||||
Technology Hardware, Storage & Peripherals – 3.3% | ||||||||
Brother Industries Ltd. | 500 | 5,303 | ||||||
Canon, Inc. | 3,200 | 90,847 | ||||||
FUJIFILM Holdings Corp. | 300 | 11,533 | ||||||
Konica Minolta, Inc. | 1,100 | 7,934 | ||||||
NEC Corp. | 3,000 | 6,931 | ||||||
Ricoh Co., Ltd. | 1,400 | 12,064 | ||||||
Seiko Epson Corp. | 800 | 12,734 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 147,346 | |||||||
Textiles, Apparel & Luxury Goods – 0.1% | ||||||||
Asics Corp. | 100 | 1,672 | ||||||
Seiko Holdings Corp. | 1,000 | 2,983 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 4,655 | |||||||
Tobacco – 2.4% | ||||||||
Japan Tobacco, Inc. | 2,700 | 107,984 | ||||||
Trading Companies & Distributors – 4.9% | ||||||||
Inaba Denki Sangyo Co., Ltd. | 200 | 6,794 | ||||||
ITOCHU Corp. | 3,200 | 38,663 | ||||||
Japan Pulp & Paper Co., Ltd. | 2,000 | 6,414 | ||||||
Marubeni Corp. | 2,900 | 12,989 | ||||||
MISUMI Group, Inc. | 200 | 3,573 | ||||||
Mitsubishi Corp. | 2,300 | 40,086 | ||||||
Mitsui & Co., Ltd. | 4,600 | 54,412 | ||||||
Shinsho Corp. | 4,000 | 6,472 | ||||||
Sojitz Corp. | 2,200 | 5,168 | ||||||
Sumitomo Corp. | 2,800 | 27,962 | ||||||
Toyota Tsusho Corp. | 500 | 10,654 | ||||||
Yamazen Corp. | 500 | 3,962 | ||||||
Yuasa Trading Co., Ltd. | 100 | 2,046 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 219,195 | |||||||
Transportation Infrastructure – 0.1% | ||||||||
Japan Airport Terminal Co., Ltd. | 100 | 3,587 | ||||||
Wireless Telecommunication Services – 5.6% | ||||||||
KDDI Corp. | 3,000 | 91,032 | ||||||
NTT DOCOMO, Inc. | 5,100 | 137,530 | ||||||
SoftBank Group Corp. | 400 | 22,571 | ||||||
|
| |||||||
Total Wireless Telecommunication Services | 251,133 | |||||||
TOTAL COMMON STOCKS (Cost: $4,363,912) | 4,450,710 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 55 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2016
Investments | Shares | Value | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6% | ||||||||
United States – 0.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio, 0.52%(b) (Cost: $26,201)(c) | 26,201 | $ | 26,201 | |||||
TOTAL INVESTMENTS IN SECURITIES – 100.6% (Cost: $4,390,113) | 4,476,911 | |||||||
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.6)% | (27,767 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 4,449,144 |
(a) | Security, or portion thereof, was on loan at June 30, 2016 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of June 30, 2016. |
(c) | At June 30, 2016, the total market value of the Fund’s securities on loan was $25,056 and the total market value of the collateral held by the Fund was $26,201. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2016 | JPY | 41,896,272 | USD | 378,202 | $ | (30,184 | ) | |||||||||||||
7/5/2016 | JPY | 54,990,534 | USD | 496,386 | (39,636 | ) | ||||||||||||||
7/5/2016 | JPY | 54,987,655 | USD | 496,386 | (39,608 | ) | ||||||||||||||
7/5/2016 | JPY | 54,991,775 | USD | 496,386 | (39,648 | ) | ||||||||||||||
7/5/2016 | JPY | 54,988,598 | USD | 496,386 | (39,618 | ) | ||||||||||||||
7/5/2016 | USD | 19,487 | JPY | 2,032,884 | 329 | |||||||||||||||
7/5/2016 | USD | 492,294 | JPY | 50,503,456 | (10 | ) | ||||||||||||||
7/5/2016 | USD | 492,294 | JPY | 50,501,881 | (25 | ) | ||||||||||||||
7/5/2016 | USD | 492,294 | JPY | 50,501,930 | (25 | ) | ||||||||||||||
7/5/2016 | USD | 492,294 | JPY | 50,501,930 | (24 | ) | ||||||||||||||
7/5/2016 | USD | 375,083 | JPY | 38,480,890 | 11 | |||||||||||||||
8/3/2016 | JPY | 47,967,372 | USD | 467,973 | (11 | ) | ||||||||||||||
8/3/2016 | JPY | 47,965,407 | USD | 467,973 | 8 | |||||||||||||||
8/3/2016 | JPY | 47,968,121 | USD | 467,973 | (18 | ) | ||||||||||||||
8/3/2016 | JPY | 47,967,185 | USD | 467,973 | (9 | ) | ||||||||||||||
8/3/2016 | JPY | 36,548,616 | USD | 356,551 | (28 | ) | ||||||||||||||
$ | (188,496 | ) |
CURRENCY LEGEND |
JPY – Japanese yen
USD – U.S. dollar
See Notes to Financial Statements.
56 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.1% | ||||||||
Brazil – 9.5% | ||||||||
AES Tiete Energia S.A. | 301 | $ | 1,390 | |||||
Alupar Investimento S.A. | 427 | 1,866 | ||||||
Ambev S.A. | 10,024 | 59,604 | ||||||
Banco Bradesco S.A. | 1,102 | 9,291 | ||||||
Banco do Brasil S.A. | 3,208 | 17,203 | ||||||
Banco Santander Brasil S.A. | 2,807 | 15,929 | ||||||
BB Seguridade Participacoes S.A. | 1,303 | 11,433 | ||||||
BM&FBovespa S.A. | 802 | 4,506 | ||||||
BR Malls Participacoes S.A.* | 391 | 1,568 | ||||||
BRF S.A. | 200 | 2,817 | ||||||
BTG Pactual Group | 300 | 1,727 | ||||||
CCR S.A. | 1,704 | 8,936 | ||||||
CETIP S.A. – Mercados Organizados | 200 | 2,734 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo | 301 | 2,732 | ||||||
Cia Hering | 301 | 1,394 | ||||||
Cia Paranaense de Energia | 301 | 1,883 | ||||||
Cia Siderurgica Nacional S.A.* | 1,704 | 4,159 | ||||||
Cielo S.A. | 601 | 6,352 | ||||||
Cosan S.A. Industria e Comercio | 200 | 2,079 | ||||||
EcoRodovias Infraestrutura e Logistica S.A.* | 1,103 | 2,885 | ||||||
Embraer S.A. | 200 | 1,092 | ||||||
Equatorial Energia S.A. | 100 | 1,519 | ||||||
Ez Tec Empreendimentos e Participacoes S.A. | 316 | 1,578 | ||||||
Grendene S.A. | 301 | 1,546 | �� | |||||
Itau Unibanco Holding S.A. | 401 | 3,257 | ||||||
JBS S.A. | 601 | 1,876 | ||||||
Klabin S.A. | 301 | 1,449 | ||||||
Kroton Educacional S.A. | 401 | 1,702 | ||||||
Light S.A. | 501 | 1,762 | ||||||
Localiza Rent a Car S.A. | 100 | 1,077 | ||||||
Lojas Renner S.A. | 200 | 1,479 | ||||||
Mahle-Metal Leve S.A. | 200 | 1,433 | ||||||
MRV Engenharia e Participacoes S.A. | 501 | 1,690 | ||||||
Multiplan Empreendimentos Imobiliarios S.A. | 100 | 1,881 | ||||||
Multiplus S.A. | 200 | 2,257 | ||||||
Natura Cosmeticos S.A. | 501 | 3,988 | ||||||
Odontoprev S.A. | 501 | 2,081 | ||||||
Porto Seguro S.A. | 200 | 1,670 | ||||||
Raia Drogasil S.A. | 100 | 1,971 | ||||||
Smiles S.A. | 200 | 2,996 | ||||||
Sul America S.A. | 100 | 488 | ||||||
TIM Participacoes S.A. | 802 | 1,712 | ||||||
TOTVS S.A. | 200 | 1,906 | ||||||
Tractebel Energia S.A. | 501 | 5,991 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 601 | 3,602 | ||||||
Ultrapar Participacoes S.A. | 200 | 4,439 | ||||||
Vale S.A. | 4,110 | 20,872 | ||||||
Via Varejo S.A. | 802 | 1,865 | ||||||
WEG S.A. | 601 | 2,577 | ||||||
|
| |||||||
Total Brazil | 242,244 | |||||||
Chile – 2.0% | ||||||||
AES Gener S.A. | 4,501 | $ | 2,201 | |||||
Aguas Andinas S.A. Class A | 5,644 | 3,236 | ||||||
Banco de Chile | 41,142 | 4,408 | ||||||
Banco de Credito e Inversiones | 46 | 1,987 | ||||||
Banco Santander Chile | 96,903 | 4,672 | ||||||
CAP S.A. | 424 | 1,446 | ||||||
Cencosud S.A. | 727 | 2,074 | ||||||
Cia Cervecerias Unidas S.A. | 136 | 1,591 | ||||||
Colbun S.A. | 4,686 | 1,135 | ||||||
Empresa Nacional de Electricidad S.A. | 3,122 | 2,884 | ||||||
Empresa Nacional de Telecomunicaciones S.A.* | 141 | 1,277 | ||||||
Empresas CMPC S.A. | 531 | 1,105 | ||||||
Empresas COPEC S.A. | 496 | 4,362 | ||||||
Enersis Americas S.A. | 25,482 | 4,363 | ||||||
Inversiones Aguas Metropolitanas S.A. | 1,068 | 1,701 | ||||||
Inversiones La Construccion S.A. | 109 | 1,195 | ||||||
Itau CorpBanca | 251,398 | 2,133 | ||||||
Ripley Corp. S.A. | 3,642 | 1,810 | ||||||
S.A.C.I. Falabella | 597 | 4,552 | ||||||
Sociedad Matriz del Banco de Chile S.A. Class B | 4,494 | 1,295 | ||||||
SONDA S.A. | 684 | 1,255 | ||||||
|
| |||||||
Total Chile | 50,682 | |||||||
China – 21.7% | ||||||||
AAC Technologies Holdings, Inc. | 500 | 4,244 | ||||||
Agricultural Bank of China Ltd. Class H | 20,000 | 7,296 | ||||||
Anhui Conch Cement Co., Ltd. Class H | 500 | 1,200 | ||||||
ANTA Sports Products Ltd. | 1,000 | 1,998 | ||||||
BAIC Motor Corp., Ltd. Class H(a) | 1,500 | 1,054 | ||||||
Bank of China Ltd. Class H | 50,000 | 19,915 | ||||||
Bank of Communications Co., Ltd. Class H | 19,000 | 11,976 | ||||||
Beijing Enterprises Holdings Ltd. | 500 | 2,823 | ||||||
Beijing Enterprises Water Group Ltd. | 2,000 | 1,201 | ||||||
Belle International Holdings Ltd. | 11,000 | 6,437 | ||||||
Brilliance China Automotive Holdings Ltd. | 2,000 | 2,052 | ||||||
Central China Securities Co., Ltd. Class H | 1,000 | 429 | ||||||
China Communications Construction Co., Ltd. Class H | 1,000 | 1,070 | ||||||
China Conch Venture Holdings Ltd. | 1,000 | 1,980 | ||||||
China Construction Bank Corp. Class H | 146,000 | 96,355 | ||||||
China Everbright Bank Co., Ltd. Class H* | 4,000 | 1,825 | ||||||
China Everbright International Ltd. | 1,000 | 1,109 | ||||||
China Galaxy Securities Co., Ltd. Class H | 1,500 | 1,340 | ||||||
China Gas Holdings Ltd. | 2,000 | 3,047 | ||||||
China Hongqiao Group Ltd. | 5,500 | 3,687 | ||||||
China International Marine Containers Group Co., Ltd. Class H | 800 | 984 | ||||||
China Jinmao Holdings Group Ltd. | 8,000 | 2,248 | ||||||
China Lesso Group Holdings Ltd. | 1,000 | 529 | ||||||
China Life Insurance Co., Ltd. Class H | 2,000 | 4,285 | ||||||
China Lilang Ltd. | 2,000 | 1,271 | ||||||
China Medical System Holdings Ltd. | 1,000 | 1,521 | ||||||
China Mengniu Dairy Co., Ltd. | 1,000 | 1,738 | ||||||
China Merchants Bank Co., Ltd. Class H* | 1,500 | 3,353 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 57 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2016
Investments | Shares | Value | ||||||
China Minsheng Banking Corp., Ltd. Class H | 2,000 | $ | 1,928 | |||||
China Mobile Ltd. | 8,500 | 97,129 | ||||||
China National Building Material Co., Ltd. Class H | 2,000 | 871 | ||||||
China Oilfield Services Ltd. Class H | 2,000 | 1,534 | ||||||
China Overseas Land & Investment Ltd. | 2,000 | 6,316 | ||||||
China Pacific Insurance Group Co., Ltd. Class H | 600 | 2,019 | ||||||
China Petroleum & Chemical Corp. Class H | 16,000 | 11,549 | ||||||
China Pioneer Pharma Holdings Ltd. | 2,000 | 433 | ||||||
China Power International Development Ltd. | 4,000 | 1,469 | ||||||
China Power New Energy Development Co., Ltd. | 1,000 | 584 | ||||||
China Resources Cement Holdings Ltd. | 6,000 | 1,918 | ||||||
China Resources Land Ltd. | 2,000 | 4,666 | ||||||
China Shenhua Energy Co., Ltd. Class H | 2,500 | 4,595 | ||||||
China Shineway Pharmaceutical Group Ltd. | 2,000 | 2,186 | ||||||
China South City Holdings Ltd. | 6,000 | 1,160 | ||||||
China State Construction International Holdings Ltd. | 2,000 | 2,635 | ||||||
China Telecom Corp., Ltd. Class H | 4,000 | 1,784 | ||||||
China Travel International Investment Hong Kong Ltd. | 4,000 | 1,155 | ||||||
China Unicom Hong Kong Ltd. | 8,000 | 8,270 | ||||||
China Vanke Co., Ltd. Class H | 500 | 980 | ||||||
China Yongda Automobiles Services Holdings Ltd. | 1,000 | 419 | ||||||
China Zhongwang Holdings Ltd. | 4,800 | 2,128 | ||||||
CIFI Holdings Group Co., Ltd. | 6,000 | 1,469 | ||||||
CITIC Ltd. | 8,000 | 11,632 | ||||||
CITIC Securities Co., Ltd. Class H | 500 | 1,096 | ||||||
CITIC Telecom International Holdings Ltd. | 3,000 | 1,129 | ||||||
CNOOC Ltd. | 36,000 | 44,641 | ||||||
Cosmo Lady China Holdings Co., Ltd.(a) | 1,000 | 512 | ||||||
Country Garden Holdings Co., Ltd. | 18,000 | 7,564 | ||||||
CPMC Holdings Ltd. | 1,000 | 424 | ||||||
CSPC Pharmaceutical Group Ltd. | 2,000 | 1,779 | ||||||
Dalian Wanda Commercial Properties Co., Ltd. Class H(a) | 200 | 1,227 | ||||||
Evergrande Real Estate Group Ltd. | 15,000 | 9,184 | ||||||
Far East Horizon Ltd. | 2,000 | 1,552 | ||||||
Golden Eagle Retail Group Ltd. | 1,000 | 1,114 | ||||||
GOME Electrical Appliances Holding Ltd. | 9,000 | 1,067 | ||||||
Great Wall Motor Co., Ltd. Class H | 2,000 | 1,655 | ||||||
Guangdong Investment Ltd. | 2,000 | 3,037 | ||||||
Guangzhou Automobile Group Co., Ltd. Class H | 2,000 | 2,385 | ||||||
Guotai Junan International Holdings Ltd. | 4,000 | 1,356 | ||||||
Haitian International Holdings Ltd. | 1,000 | 1,758 | ||||||
Haitong Securities Co., Ltd. Class H* | 800 | 1,345 | ||||||
Hengan International Group Co., Ltd. | 500 | 4,170 | ||||||
Huadian Power International Corp., Ltd. Class H | 2,000 | 951 | ||||||
Huaneng Power International, Inc. Class H | 4,000 | 2,465 | ||||||
Huishang Bank Corp., Ltd. Class H | 3,000 | 1,353 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 50,000 | 27,649 | ||||||
Intime Retail Group Co., Ltd. | 1,500 | 1,241 | ||||||
Kunlun Energy Co., Ltd. | 4,000 | 3,295 | ||||||
KWG Property Holding Ltd. | 2,500 | 1,447 | ||||||
Lee & Man Paper Manufacturing Ltd. | 3,000 | 2,224 | ||||||
Longfor Properties Co., Ltd. | 2,000 | 2,594 | ||||||
Nine Dragons Paper Holdings Ltd. | 2,000 | 1,518 | ||||||
Parkson Retail Group Ltd. | 5,500 | $ | 482 | |||||
People’s Insurance Co. Group of China Ltd. (The) Class H | 1,000 | 383 | ||||||
PetroChina Co., Ltd. Class H | 10,000 | 6,819 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 1,500 | 6,603 | ||||||
Qinqin Foodstuffs Group Cayman Co., Ltd.* | 100 | 142 | ||||||
Shanghai Industrial Holdings Ltd. | 1,000 | 2,258 | ||||||
Shengjing Bank Co., Ltd. Class H(a) | 500 | 515 | ||||||
Shenzhen International Holdings Ltd. | 1,500 | 2,166 | ||||||
Shenzhen Investment Ltd. | 4,000 | 1,593 | ||||||
Shenzhou International Group Holdings Ltd. | 1,000 | 4,827 | ||||||
Shimao Property Holdings Ltd. | 2,500 | 3,145 | ||||||
Shui On Land Ltd. | 6,000 | 1,516 | ||||||
Sino-Ocean Group Holding Ltd. | 4,500 | 1,943 | ||||||
Sinopec Engineering Group Co., Ltd. Class H | 1,500 | 1,353 | ||||||
Sinopharm Group Co., Ltd. Class H | 400 | 1,905 | ||||||
SITC International Holdings Co., Ltd. | 1,000 | 523 | ||||||
Skyworth Digital Holdings Ltd. | 2,000 | 1,634 | ||||||
Sun Art Retail Group Ltd. | 3,500 | 2,450 | ||||||
Sunac China Holdings Ltd. | 2,000 | 1,237 | ||||||
TCL Communication Technology Holdings Ltd. | 2,000 | 1,841 | ||||||
Tencent Holdings Ltd. | 300 | 6,810 | ||||||
Tingyi Cayman Islands Holding Corp. | 2,000 | 1,885 | ||||||
Want Want China Holdings Ltd. | 4,000 | 2,836 | ||||||
Xingda International Holdings Ltd. | 6,000 | 1,377 | ||||||
Xinyi Automobile Glass Hong Kong Enterprises Ltd.* | 250 | 88 | ||||||
Xinyi Glass Holdings Ltd. | 2,000 | 1,469 | ||||||
Xinyi Solar Holdings Ltd. | 4,000 | 1,573 | ||||||
XTEP International Holdings Ltd. | 2,500 | 1,337 | ||||||
Yingde Gases Group Co., Ltd. | 3,500 | 1,272 | ||||||
Yuexiu Property Co., Ltd. | 14,000 | 1,714 | ||||||
Yuexiu Transport Infrastructure Ltd. | 2,000 | 1,284 | ||||||
Zhejiang Expressway Co., Ltd. Class H | 2,000 | 1,879 | ||||||
Zijin Mining Group Co., Ltd. Class H | 4,000 | 1,335 | ||||||
|
| |||||||
Total China | 555,722 | |||||||
Czech Republic – 0.7% | ||||||||
CEZ AS | 816 | 13,871 | ||||||
O2 Czech Republic AS | 323 | 2,875 | ||||||
|
| |||||||
Total Czech Republic | 16,746 | |||||||
Hong Kong – 0.2% | ||||||||
CP Pokphand Co., Ltd. | 18,000 | 1,879 | ||||||
EVA Precision Industrial Holdings Ltd. | 6,000 | 572 | ||||||
Kingboard Chemical Holdings Ltd. | 1,000 | 1,983 | ||||||
Kingboard Laminates Holdings Ltd. | 3,000 | 1,837 | ||||||
|
| |||||||
Total Hong Kong | 6,271 | |||||||
Hungary – 0.2% | ||||||||
MOL Hungarian Oil & Gas PLC | 65 | 3,762 | ||||||
OTP Bank PLC | 112 | 2,503 | ||||||
|
| |||||||
Total Hungary | 6,265 | |||||||
India – 2.7% | ||||||||
Ambuja Cements Ltd. | 222 | 838 | ||||||
Asian Paints Ltd. | 59 | 877 |
See Notes to Financial Statements.
58 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2016
Investments | Shares | Value | ||||||
Axis Bank Ltd. GDR Reg S | 45 | $ | 1,746 | |||||
Bajaj Auto Ltd. | 20 | 797 | ||||||
Bharat Petroleum Corp., Ltd. | 74 | 1,175 | ||||||
Bharti Airtel Ltd. | 175 | 951 | ||||||
Bharti Infratel Ltd. | 165 | 844 | ||||||
Coal India Ltd. | 1,221 | 5,662 | ||||||
Crompton Greaves Ltd.* | 950 | 1,038 | ||||||
GAIL India Ltd. | 139 | 793 | ||||||
HCL Technologies Ltd. | 159 | 1,721 | ||||||
Hindustan Petroleum Corp., Ltd. | 60 | 886 | ||||||
Hindustan Unilever Ltd. | 204 | 2,716 | ||||||
ICICI Bank Ltd. ADR | 400 | 2,872 | ||||||
Idea Cellular Ltd. | 447 | 706 | ||||||
Infosys Ltd. ADR | 673 | 12,013 | ||||||
ITC Ltd. | 535 | 2,920 | ||||||
Larsen & Toubro Ltd. GDR Reg S | 88 | 1,949 | ||||||
Lupin Ltd. | 33 | 753 | ||||||
Mahindra & Mahindra Ltd. GDR | 84 | 1,781 | ||||||
NMDC Ltd. | 1,123 | 1,561 | ||||||
NTPC Ltd. | 524 | 1,213 | ||||||
Oil & Natural Gas Corp., Ltd. | 978 | 3,134 | ||||||
Reliance Industries Ltd. GDR(a) | 162 | 4,625 | ||||||
Reliance Infrastructure Ltd. | 89 | 720 | ||||||
State Bank of India GDR Reg S | 100 | 3,170 | ||||||
Tata Communications Ltd. | 127 | 904 | ||||||
Tata Consultancy Services Ltd. | 101 | 3,820 | ||||||
Tata Power Co., Ltd. | 732 | 796 | ||||||
Tech Mahindra Ltd. | 109 | 817 | ||||||
UPL Ltd. | 102 | 831 | ||||||
Vedanta Ltd. ADR | 301 | 2,369 | ||||||
Wipro Ltd. ADR | 100 | 1,236 | ||||||
Yes Bank Ltd. | 59 | 968 | ||||||
Zee Entertainment Enterprises Ltd. | 128 | 866 | ||||||
|
| |||||||
Total India | 70,068 | |||||||
Indonesia – 3.6% | ||||||||
Adaro Energy Tbk PT | 27,900 | 1,795 | ||||||
AKR Corporindo Tbk PT | 2,400 | 1,163 | ||||||
Astra Agro Lestari Tbk PT* | 1,222 | 1,360 | ||||||
Astra International Tbk PT | 20,900 | 11,706 | ||||||
Bank Central Asia Tbk PT | 3,700 | 3,731 | ||||||
Bank Danamon Indonesia Tbk PT | 4,300 | 1,152 | ||||||
Bank Negara Indonesia Persero Tbk PT | 8,100 | 3,188 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 8,400 | 6,866 | ||||||
Bank Tabungan Negara Persero Tbk PT | 4,000 | 519 | ||||||
Charoen Pokphand Indonesia Tbk PT | 1,700 | 482 | ||||||
Global Mediacom Tbk PT | 6,300 | 470 | ||||||
Gudang Garam Tbk PT | 600 | 3,133 | ||||||
Indo Tambangraya Megah Tbk PT | 2,600 | 1,845 | ||||||
Indofood CBP Sukses Makmur Tbk PT | 1,700 | 2,216 | ||||||
Indofood Sukses Makmur Tbk PT | 5,700 | 3,128 | ||||||
Jasa Marga Persero Tbk PT | 3,100 | 1,238 | ||||||
Kalbe Farma Tbk PT | 13,400 | 1,552 | ||||||
Lippo Karawaci Tbk PT | 8,700 | 754 | ||||||
Matahari Department Store Tbk PT | 1,200 | 1,816 | ||||||
Matahari Putra Prima Tbk PT | 5,100 | 598 | ||||||
Media Nusantara Citra Tbk PT | 13,100 | 2,181 | ||||||
Mitra Keluarga Karyasehat Tbk PT | 2,500 | 520 | ||||||
Pakuwon Jati Tbk PT | 12,100 | 563 | ||||||
Perusahaan Gas Negara Persero Tbk | 19,000 | 3,365 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 4,700 | 491 | ||||||
Semen Indonesia Persero Tbk PT | 4,300 | 3,043 | ||||||
Summarecon Agung Tbk PT* | 4,100 | 562 | ||||||
Surya Citra Media Tbk PT | 6,200 | 1,549 | ||||||
Tambang Batubara Bukit Asam Persero Tbk PT | 2,700 | 1,573 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 52,900 | 15,935 | ||||||
Timah Persero Tbk PT | 8,900 | 471 | ||||||
Unilever Indonesia Tbk PT | 2,400 | 8,188 | ||||||
United Tractors Tbk PT | 2,500 | 2,800 | ||||||
Vale Indonesia Tbk PT* | 11,300 | 1,557 | ||||||
Wijaya Karya Beton Tbk PT | 6,900 | 504 | ||||||
|
| |||||||
Total Indonesia | 92,014 | |||||||
Malaysia – 5.1% | ||||||||
Alliance Financial Group Bhd | 1,400 | 1,399 | ||||||
AMMB Holdings Bhd | 2,400 | 2,643 | ||||||
Astro Malaysia Holdings Bhd | 3,500 | 2,544 | ||||||
Axiata Group Bhd | 5,200 | 7,262 | ||||||
Berjaya Sports Toto Bhd | 1,700 | 1,282 | ||||||
British American Tobacco Malaysia Bhd | 300 | 3,922 | ||||||
Cahya Mata Sarawak Bhd | 600 | 533 | ||||||
Carlsberg Brewery Malaysia Bhd | 400 | 1,312 | ||||||
CIMB Group Holdings Bhd | 1,700 | 1,843 | ||||||
DiGi.Com Bhd | 5,600 | 6,640 | ||||||
Felda Global Ventures Holdings Bhd | 4,400 | 1,648 | ||||||
Gamuda Bhd | 1,500 | 1,808 | ||||||
Genting Malaysia Bhd | 1,600 | 1,766 | ||||||
HAP Seng Consolidated Bhd | 1,600 | 3,064 | ||||||
Hong Leong Bank Bhd | 700 | 2,288 | ||||||
Hong Leong Financial Group Bhd | 400 | 1,457 | ||||||
IHH Healthcare Bhd | 1,000 | 1,637 | ||||||
IJM Corp. Bhd | 1,900 | 1,645 | ||||||
IOI Corp. Bhd | 2,200 | 2,368 | ||||||
IOI Properties Group Bhd | 2,100 | 1,224 | ||||||
KSL Holdings Bhd | 1,800 | 500 | ||||||
Kuala Lumpur Kepong Bhd | 400 | 2,308 | ||||||
Lafarge Malaysia Bhd | 600 | 1,165 | ||||||
Mah Sing Group Bhd | 3,400 | 1,240 | ||||||
Malayan Banking Bhd | 6,700 | 13,528 | ||||||
Malaysia Airports Holdings Bhd | 700 | 1,063 | ||||||
Maxis Bhd | 6,100 | 8,912 | ||||||
MISC Bhd | 1,100 | 2,035 | ||||||
Petronas Chemicals Group Bhd | 3,700 | 6,067 | ||||||
Petronas Dagangan Bhd | 300 | 1,741 | ||||||
Petronas Gas Bhd | 900 | 4,911 | ||||||
PPB Group Bhd | 300 | 1,228 | ||||||
Press Metal Bhd | 1,800 | 1,643 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 59 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2016
Investments | Shares | Value | ||||||
Public Bank Bhd | 1,200 | $ | 5,775 | |||||
Sime Darby Bhd | 4,000 | 7,531 | ||||||
SP Setia Bhd Group | 1,500 | 1,079 | ||||||
Telekom Malaysia Bhd | 2,100 | 3,527 | ||||||
Tenaga Nasional Bhd | 2,000 | 6,995 | ||||||
Top Glove Corp. Bhd | 1,000 | 1,141 | ||||||
UMW Holdings Bhd | 1,100 | 1,563 | ||||||
Westports Holdings Bhd | 1,900 | 1,979 | ||||||
YTL Corp. Bhd | 9,300 | 3,852 | ||||||
YTL Power International Bhd | 6,400 | 2,238 | ||||||
|
| |||||||
Total Malaysia | 130,306 | |||||||
Mexico – 3.6% | ||||||||
Alfa S.A.B. de C.V. Class A | 1,303 | 2,223 | ||||||
Alpek S.A. de C.V. | 1,203 | 1,957 | ||||||
America Movil S.A.B. de C.V. Series L | 19,245 | 11,704 | ||||||
Arca Continental S.A.B. de C.V. | 501 | 3,559 | ||||||
Coca-Cola Femsa S.A.B. de C.V. Series L | 200 | 1,644 | ||||||
Concentradora Fibra Danhos S.A. de C.V. | 601 | 1,084 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. | 702 | 6,437 | ||||||
Gruma S.A.B. de C.V. Class B | 110 | 1,573 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 301 | 1,768 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B | 301 | 3,064 | ||||||
Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B | 110 | 1,732 | ||||||
Grupo Carso S.A.B. de C.V. Series A1 | 401 | 1,696 | ||||||
Grupo Financiero Banorte S.A.B. de C.V. Class O | 401 | 2,228 | ||||||
Grupo Financiero Inbursa S.A.B. de C.V. Class O | 1,002 | 1,684 | ||||||
Grupo Financiero Santander Mexico S.A.B. de C.V. Class B | 1,403 | 2,520 | ||||||
Grupo Herdez S.A.B. de C.V. | 601 | 1,308 | ||||||
Grupo Lala S.A.B. de C.V. | 601 | 1,307 | ||||||
Grupo Mexico S.A.B. de C.V. Series B | 2,606 | 6,087 | ||||||
Grupo Sanborns S.A.B. de C.V. | 1,203 | 1,588 | ||||||
Grupo Televisa S.A.B. Series CPO | 200 | 1,035 | ||||||
Industrias Bachoco S.A.B. de C.V. Series B | 301 | 1,228 | ||||||
Infraestructura Energetica Nova S.A.B. de C.V. | 601 | 2,509 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 902 | 2,109 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.* | 902 | 1,173 | ||||||
Mexichem S.A.B. de C.V. | 501 | 1,050 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. | 11,928 | 28,389 | ||||||
|
| |||||||
Total Mexico | 92,656 | |||||||
Philippines – 2.4% | ||||||||
Aboitiz Equity Ventures, Inc. | 1,700 | 2,817 | ||||||
Aboitiz Power Corp. | 4,100 | 4,013 | ||||||
Alliance Global Group, Inc. | 3,800 | 1,195 | ||||||
Ayala Corp. | 80 | 1,444 | ||||||
Ayala Land, Inc. | 2,100 | 1,732 | ||||||
Bank of the Philippine Islands | 1,080 | 2,233 | ||||||
BDO Unibank, Inc. | 1,100 | 2,619 | ||||||
DMCI Holdings, Inc. | 10,200 | 2,732 | ||||||
Emperador, Inc.* | 7,700 | 1,187 | ||||||
Energy Development Corp. | 18,500 | $ | 2,170 | |||||
First Gen Corp. | 2,800 | 1,482 | ||||||
Globe Telecom, Inc. | 80 | 4,033 | ||||||
International Container Terminal Services, Inc. | 850 | 1,111 | ||||||
Jollibee Foods Corp. | 290 | 1,492 | ||||||
LT Group, Inc. | 1,500 | 508 | ||||||
Manila Electric Co. | 620 | 4,085 | ||||||
Manila Water Co., Inc. | 2,200 | 1,267 | ||||||
Metropolitan Bank & Trust Co. | 890 | 1,709 | ||||||
Nickel Asia Corp. | 11,300 | 1,201 | ||||||
Philippine Long Distance Telephone Co. | 240 | 10,968 | ||||||
San Miguel Corp. | 1,110 | 1,848 | ||||||
Semirara Mining & Power Corp. | 550 | 1,462 | ||||||
SM Investments Corp. | 160 | 3,289 | ||||||
SM Prime Holdings, Inc. | 3,700 | 2,147 | ||||||
Universal Robina Corp. | 600 | 2,653 | ||||||
|
| |||||||
Total Philippines | 61,397 | |||||||
Poland – 1.4% | ||||||||
Asseco Poland S.A. | 95 | 1,252 | ||||||
Bank Handlowy w Warszawie S.A. | 166 | 3,005 | ||||||
Bank Pekao S.A. | 227 | 7,853 | ||||||
CCC S.A. | 12 | 484 | ||||||
Energa S.A.* | 820 | 1,967 | ||||||
Eurocash S.A. | 51 | 594 | ||||||
ING Bank Slaski S.A. | 68 | 2,119 | ||||||
KGHM Polska Miedz S.A.* | 174 | 2,899 | ||||||
Orange Polska S.A. | 1,644 | 2,104 | ||||||
PGE Polska Grupa Energetyczna S.A. | 1,837 | 5,481 | ||||||
PKP Cargo S.A.* | 69 | 575 | ||||||
Polski Koncern Naftowy Orlen S.A.* | 184 | 3,207 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo S.A. | 3,024 | 4,275 | ||||||
Warsaw Stock Exchange | 89 | 741 | ||||||
|
| |||||||
Total Poland | 36,556 | |||||||
Russia – 8.2% | ||||||||
Gazprom Neft PJSC ADR | 163 | 2,070 | ||||||
Gazprom PJSC ADR | 9,588 | 41,324 | ||||||
LSR Group PJSC GDR Reg S | 821 | 2,303 | ||||||
Lukoil PJSC ADR | 875 | 36,549 | ||||||
Magnitogorsk Iron & Steel OJSC GDR Reg S | 430 | 2,077 | ||||||
MegaFon PJSC GDR Reg S | 220 | 2,288 | ||||||
MMC Norilsk Nickel PJSC ADR | 2,639 | 35,072 | ||||||
Mobile TeleSystems PJSC ADR | 1,817 | 15,045 | ||||||
Novatek OJSC GDR Reg S | 92 | 9,384 | ||||||
Novolipetsk Steel PJSC GDR | 574 | 7,462 | ||||||
PhosAgro OJSC GDR Reg S | 217 | 3,201 | ||||||
Rosneft PJSC GDR Reg S | 5,176 | 26,501 | ||||||
Rostelecom PJSC ADR | 280 | 2,408 | ||||||
RusHydro PJSC ADR | 2,344 | 2,133 | ||||||
Sberbank of Russia PJSC ADR | 324 | 2,822 | ||||||
Severstal PJSC GDR Reg S | 874 | 9,562 | ||||||
Sistema JSFC GDR Reg S | 201 | 1,513 | ||||||
Tatneft PJSC ADR | 202 | 6,207 | ||||||
VTB Bank PJSC GDR Reg S | 1,438 | 2,954 | ||||||
|
| |||||||
Total Russia | 210,875 |
See Notes to Financial Statements.
60 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2016
Investments | Shares | Value | ||||||
South Africa – 5.4% | ||||||||
Aeci Ltd. | 209 | $ | 1,184 | |||||
African Rainbow Minerals Ltd. | 202 | 1,269 | ||||||
Assore Ltd. | 150 | 1,844 | ||||||
AVI Ltd. | 278 | 1,575 | ||||||
Barclays Africa Group Ltd. | 519 | 5,106 | ||||||
Barloworld Ltd. | 253 | 1,264 | ||||||
Bidvest Group Ltd. (The) | 148 | 1,402 | ||||||
Capitec Bank Holdings Ltd. | 32 | 1,300 | ||||||
Clicks Group Ltd. | 188 | 1,575 | ||||||
Coronation Fund Managers Ltd. | 340 | 1,553 | ||||||
Discovery Ltd. | 161 | 1,347 | ||||||
Distell Group Ltd. | 116 | 1,282 | ||||||
Exxaro Resources Ltd. | 270 | 1,244 | ||||||
FirstRand Ltd. | 2,812 | 8,610 | ||||||
Foschini Group Ltd. (The) | 169 | 1,604 | ||||||
Hyprop Investments Ltd. | 156 | 1,384 | ||||||
Imperial Holdings Ltd. | 156 | 1,592 | ||||||
Investec Ltd. | 171 | 1,053 | ||||||
Liberty Holdings Ltd. | 171 | 1,413 | ||||||
Life Healthcare Group Holdings Ltd. | 848 | 2,096 | ||||||
Massmart Holdings Ltd. | 146 | 1,256 | ||||||
MMI Holdings Ltd. | 1,154 | 1,784 | ||||||
Mondi Ltd. | 65 | 1,190 | ||||||
Mr. Price Group Ltd. | 135 | 1,901 | ||||||
MTN Group Ltd. | 2,014 | 19,654 | ||||||
Naspers Ltd. Class N | 19 | 2,906 | ||||||
Nedbank Group Ltd. | 273 | 3,475 | ||||||
Netcare Ltd. | 738 | 1,571 | ||||||
Pick n Pay Stores Ltd. | 264 | 1,291 | ||||||
PPC Ltd. | 879 | 480 | ||||||
Rand Merchant Investment Holdings Ltd. | 531 | 1,494 | ||||||
Remgro Ltd. | 74 | 1,287 | ||||||
Resilient REIT Ltd. | 162 | 1,458 | ||||||
Reunert Ltd. | 266 | 1,137 | ||||||
RMB Holdings Ltd. | 646 | 2,481 | ||||||
Sanlam Ltd. | 845 | 3,483 | ||||||
Santam Ltd. | 81 | 1,269 | ||||||
Sasol Ltd. | 452 | 12,258 | ||||||
Shoprite Holdings Ltd. | 225 | 2,555 | ||||||
Sibanye Gold Ltd. | 559 | 1,913 | ||||||
SPAR Group Ltd. (The) | 128 | 1,765 | ||||||
Standard Bank Group Ltd. | 760 | 6,632 | ||||||
Telkom S.A. SOC Ltd. | 348 | 1,575 | ||||||
Tiger Brands Ltd. | 101 | 2,500 | ||||||
Truworths International Ltd. | 330 | 1,933 | ||||||
Tsogo Sun Holdings Ltd. | 795 | 1,443 | ||||||
Vodacom Group Ltd. | 1,347 | 15,443 | ||||||
Woolworths Holdings Ltd. | 458 | 2,628 | ||||||
|
| |||||||
Total South Africa | 138,459 | |||||||
South Korea – 7.6% | ||||||||
Amorepacific Corp. | 4 | 1,498 | ||||||
BNK Financial Group, Inc. | 68 | 476 | ||||||
Coway Co., Ltd. | 34 | $ | 3,085 | |||||
DGB Financial Group, Inc. | 188 | 1,415 | ||||||
Dongbu Insurance Co., Ltd. | 28 | 1,685 | ||||||
Dongsuh Cos., Inc. | 36 | 1,042 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 81 | 1,491 | ||||||
E-Mart, Inc. | 8 | 1,202 | ||||||
Grand Korea Leisure Co., Ltd. | 22 | 507 | ||||||
GS Holdings Corp. | 48 | 1,977 | ||||||
GS Retail Co., Ltd. | 11 | 520 | ||||||
Hana Financial Group, Inc. | 106 | 2,140 | ||||||
Hankook Tire Co., Ltd. | 36 | 1,594 | ||||||
Hanon Systems | 264 | 2,407 | ||||||
Hansae Co., Ltd. | 15 | 491 | ||||||
Hanssem Co., Ltd. | 3 | 414 | ||||||
Hanwha Chemical Corp. | 23 | 474 | ||||||
Hanwha Life Insurance Co., Ltd. | 293 | 1,473 | ||||||
Hite Jinro Co., Ltd. | 75 | 1,553 | ||||||
Hyosung Corp. | 13 | 1,405 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 37 | 1,071 | ||||||
Hyundai Glovis Co., Ltd. | 6 | 893 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 50 | 1,270 | ||||||
Hyundai Mobis Co., Ltd. | 22 | 4,813 | ||||||
Hyundai Motor Co. | 89 | 10,470 | ||||||
Hyundai Steel Co. | 45 | 1,791 | ||||||
Industrial Bank of Korea | 243 | 2,352 | ||||||
Kangwon Land, Inc. | 91 | 3,294 | ||||||
KB Financial Group, Inc. | 114 | 3,226 | ||||||
KB Insurance Co., Ltd. | 20 | 486 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 23 | 1,294 | ||||||
Kia Motors Corp. | 134 | 5,026 | ||||||
Korea Electric Power Corp. | 107 | 5,611 | ||||||
Korea Zinc Co., Ltd. | 5 | 2,205 | ||||||
Korean Reinsurance Co. | 46 | 487 | ||||||
KT&G Corp. | 74 | 8,769 | ||||||
Kumho Petrochemical Co., Ltd. | 30 | 1,550 | ||||||
LG Corp. | 55 | 3,042 | ||||||
LG Display Co., Ltd. | 144 | 3,300 | ||||||
LG Electronics, Inc. | 30 | 1,404 | ||||||
LG Household & Health Care Ltd. | 2 | 1,939 | ||||||
LG Uplus Corp. | 149 | 1,410 | ||||||
Lotte Chemical Corp. | 4 | 983 | ||||||
Lotte Shopping Co., Ltd. | 6 | 1,055 | ||||||
LS Corp. | 35 | 1,705 | ||||||
LS Industrial Systems Co., Ltd. | 33 | 1,362 | ||||||
Meritz Securities Co., Ltd. | 183 | 512 | ||||||
Mirae Asset Daewoo Co., Ltd. | 179 | 1,211 | ||||||
NCSoft Corp. | 8 | 1,639 | ||||||
POSCO | 68 | 11,896 | ||||||
Posco Daewoo Corp. | 50 | 1,085 | ||||||
S-1 Corp. | 18 | 1,688 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 26 | 1,131 | ||||||
Samsung Electronics Co., Ltd. | 40 | 49,486 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 10 | 2,288 | ||||||
Samsung SDS Co., Ltd. | 4 | 498 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 61 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2016
Investments | Shares | Value | ||||||
Samsung Securities Co., Ltd. | 41 | $ | 1,256 | |||||
Seah Besteel Corp. | 23 | 496 | ||||||
Shinhan Financial Group Co., Ltd. | 134 | 4,421 | ||||||
SK Holdings Co., Ltd. | 9 | 1,582 | ||||||
SK Hynix, Inc. | 105 | 2,954 | ||||||
SK Telecom Co., Ltd. | 49 | 9,167 | ||||||
Tongyang Life Insurance Co., Ltd. | 55 | 485 | ||||||
Woori Bank | 668 | 5,521 | ||||||
|
| |||||||
Total South Korea | 194,973 | |||||||
Taiwan – 17.3% | ||||||||
Accton Technology Corp. | 1,000 | 1,339 | ||||||
Advanced Semiconductor Engineering, Inc. | 8,000 | 9,089 | ||||||
Asia Cement Corp. | 4,000 | 3,459 | ||||||
Asustek Computer, Inc. | 1,000 | 8,230 | ||||||
Aten International Co., Ltd. | 1,000 | 2,697 | ||||||
AU Optronics Corp. | 9,000 | 3,055 | ||||||
Cathay Financial Holding Co., Ltd. | 7,000 | 7,595 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 3,000 | 6,287 | ||||||
Chicony Electronics Co., Ltd. | 1,000 | 2,247 | ||||||
Chicony Power Technology Co., Ltd. | 1,000 | 1,113 | ||||||
Chimei Materials Technology Corp.* | 2,000 | 911 | ||||||
Chin-Poon Industrial Co., Ltd. | 1,000 | 2,148 | ||||||
China Development Financial Holding Corp. | 13,000 | 3,131 | ||||||
China Steel Corp. | 12,000 | 7,775 | ||||||
China Synthetic Rubber Corp. | 2,000 | 1,438 | ||||||
Chung-Hsin Electric & Machinery Manufacturing Corp. | 3,000 | 1,744 | ||||||
Chunghwa Telecom Co., Ltd. | 6,000 | 21,668 | ||||||
Clevo Co. | 1,000 | 842 | ||||||
Compal Electronics, Inc. | 4,000 | 2,511 | ||||||
Coxon Precise Industrial Co., Ltd. | 1,000 | 1,262 | ||||||
CTBC Financial Holding Co., Ltd. | 9,000 | 4,701 | ||||||
CTCI Corp. | 1,000 | 1,457 | ||||||
Cyberlink Corp. | 1,000 | 2,130 | ||||||
Delta Electronics, Inc.* | 2,000 | 9,672 | ||||||
E.Sun Financial Holding Co., Ltd. | 3,000 | 1,767 | ||||||
Elan Microelectronics Corp. | 1,000 | 1,108 | ||||||
Elite Semiconductor Memory Technology, Inc.* | 2,000 | 1,820 | ||||||
Elitegroup Computer Systems Co., Ltd. | 2,000 | 1,187 | ||||||
Eternal Materials Co., Ltd. | 2,000 | 2,065 | ||||||
Everlight Electronics Co., Ltd. | 1,000 | 1,621 | ||||||
Far Eastern Department Stores Ltd. | 3,000 | 1,613 | ||||||
Far Eastern New Century Corp. | 4,000 | 2,976 | ||||||
Far EasTone Telecommunications Co., Ltd. | 2,000 | 4,830 | ||||||
Farglory Land Development Co., Ltd. | 1,000 | 1,153 | ||||||
Feng Hsin Steel Co., Ltd. | 1,000 | 1,259 | ||||||
First Financial Holding Co., Ltd. | 5,000 | 2,619 | ||||||
Formosa Chemicals & Fibre Corp. | 2,000 | 5,022 | ||||||
Formosa Petrochemical Corp. | 2,000 | 5,425 | ||||||
Formosa Plastics Corp. | 2,000 | 4,823 | ||||||
Formosan Rubber Group, Inc. | 3,000 | 1,404 | ||||||
Foxconn Technology Co., Ltd. | 1,000 | 2,337 | ||||||
Fubon Financial Holding Co., Ltd. | 7,000 | 8,170 | ||||||
Gigabyte Technology Co., Ltd. | 1,000 | 1,186 | ||||||
Greatek Electronics, Inc. | 1,000 | $ | 1,172 | |||||
Highwealth Construction Corp. | 1,000 | 1,643 | ||||||
Hon Hai Precision Industry Co., Ltd. | 11,000 | 28,132 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 5,000 | 2,588 | ||||||
Innolux Corp. | 11,000 | 3,683 | ||||||
Inventec Corp. | 6,000 | 4,250 | ||||||
Kenda Rubber Industrial Co., Ltd. | 1,000 | 1,584 | ||||||
King Yuan Electronics Co., Ltd. | 2,000 | 1,770 | ||||||
King’s Town Bank Co., Ltd. | 2,000 | 1,324 | ||||||
Kinik Co.* | 1,000 | 1,662 | ||||||
Kinsus Interconnect Technology Corp. | 1,000 | 2,182 | ||||||
Lite-On Technology Corp. | 3,000 | 4,101 | ||||||
Long Chen Paper Co., Ltd. | 3,000 | 1,483 | ||||||
MediaTek, Inc. | 2,000 | 15,128 | ||||||
Mega Financial Holding Co., Ltd. | 9,000 | 6,779 | ||||||
Merry Electronics Co., Ltd. | 1,000 | 2,157 | ||||||
Micro-Star International Co., Ltd. | 2,000 | 3,664 | ||||||
Nan Ya Plastics Corp. | 5,000 | 9,455 | ||||||
Nanya Technology Corp. | 2,000 | 2,443 | ||||||
Novatek Microelectronics Corp. | 1,000 | 3,704 | ||||||
Pegatron Corp. | 2,000 | 4,203 | ||||||
Pou Chen Corp. | 2,000 | 2,669 | ||||||
Powertech Technology, Inc. | 1,000 | 2,216 | ||||||
President Chain Store Corp. | 1,000 | 7,781 | ||||||
Prince Housing & Development Corp. | 3,000 | 1,111 | ||||||
Qisda Corp. | 4,000 | 1,414 | ||||||
Quanta Computer, Inc. | 4,000 | 7,564 | ||||||
Radiant Opto-Electronics Corp. | 1,000 | 1,556 | ||||||
Realtek Semiconductor Corp. | 1,000 | 3,097 | ||||||
Rechi Precision Co., Ltd. | 2,000 | 1,624 | ||||||
Ruentex Industries Ltd. | 2,000 | 3,001 | ||||||
Sercomm Corp.* | 1,000 | 2,232 | ||||||
Siliconware Precision Industries Co., Ltd. | 4,000 | 6,070 | ||||||
SinoPac Financial Holdings Co., Ltd. | 7,000 | 2,064 | ||||||
Syncmold Enterprise Corp. | 1,000 | 1,640 | ||||||
Synnex Technology International Corp. | 3,000 | 3,232 | ||||||
Taiwan Cement Corp. | 4,000 | 3,974 | ||||||
Taiwan Cogeneration Corp. | 2,000 | 1,541 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 4,000 | 1,761 | ||||||
Taiwan Fertilizer Co., Ltd. | 1,000 | 1,328 | ||||||
Taiwan Mobile Co., Ltd. | 3,000 | 10,462 | ||||||
Taiwan PCB Techvest Co., Ltd. | 1,000 | 935 | ||||||
Taiwan Secom Co., Ltd. | 1,000 | 2,883 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 14,000 | 70,523 | ||||||
Teco Electric and Machinery Co., Ltd. | 2,000 | 1,680 | ||||||
Topco Scientific Co., Ltd. | 1,000 | 2,061 | ||||||
Transcend Information, Inc.* | 1,000 | 3,025 | ||||||
Tripod Technology Corp. | 1,000 | 1,937 | ||||||
TSRC Corp. | 1,000 | 918 | ||||||
Tung Ho Steel Enterprise Corp. | 2,000 | 1,181 | ||||||
TXC Corp. | 1,000 | 1,386 | ||||||
Uni-President Enterprises Corp. | 2,000 | 3,937 | ||||||
United Integrated Services Co., Ltd. | 1,000 | 1,489 | ||||||
United Microelectronics Corp. | 10,000 | 3,906 |
See Notes to Financial Statements.
62 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2016
Investments | Shares | Value | ||||||
Wan Hai Lines Ltd. | 4,000 | $ | 2,207 | |||||
Wistron Corp. | 3,000 | 2,083 | ||||||
Wistron NeWeb Corp. | 1,000 | 2,545 | ||||||
WPG Holdings Ltd. | 2,000 | 2,322 | ||||||
WT Microelectronics Co., Ltd. | 1,000 | 1,259 | ||||||
Yuanta Financial Holding Co., Ltd. | 7,000 | 2,257 | ||||||
Yulon Nissan Motor Co., Ltd. | 1,000 | 6,184 | ||||||
|
| |||||||
Total Taiwan | 443,048 | |||||||
Thailand – 5.5% | ||||||||
Advanced Info Service PCL NVDR | 2,600 | 11,690 | ||||||
Airports of Thailand PCL NVDR | 400 | 4,439 | ||||||
Asia Plus Group Holdings PCL NVDR | 16,200 | 1,531 | ||||||
Bangkok Dusit Medical Services PCL NVDR | 3,600 | 2,449 | ||||||
Bangkok Expressway & Metro PCL | 10,600 | 2,081 | ||||||
Bangkok Land PCL NVDR | 29,600 | 1,373 | ||||||
Bank of Ayudhya PCL NVDR | 2,300 | 2,487 | ||||||
Banpu PCL NVDR | 4,844 | 2,026 | ||||||
BEC World PCL NVDR | 2,100 | 1,363 | ||||||
Big C Supercenter PCL NVDR | 200 | 1,224 | ||||||
BTS Group Holdings PCL NVDR | 11,200 | 3,060 | ||||||
Bumrungrad Hospital PCL NVDR | 200 | 1,039 | ||||||
Central Pattana PCL NVDR | 1,000 | 1,700 | ||||||
Charoen Pokphand Foods PCL NVDR | 4,800 | 3,927 | ||||||
CP ALL PCL NVDR | 2,400 | 3,432 | ||||||
Delta Electronics Thailand PCL NVDR | 700 | 1,360 | ||||||
Electricity Generating PCL NVDR | 400 | 2,134 | ||||||
Glow Energy PCL NVDR | 1,000 | 2,440 | ||||||
Hana Microelectronics PCL NVDR | 1,200 | 1,007 | ||||||
Home Product Center PCL NVDR | 6,600 | 1,859 | ||||||
Ichitan Group PCL NVDR | 3,300 | 1,136 | ||||||
Indorama Ventures PCL NVDR | 2,000 | 1,651 | ||||||
Intouch Holdings PCL NVDR | 3,200 | 4,940 | ||||||
IRPC PCL NVDR | 8,700 | 1,178 | ||||||
Kasikornbank PCL NVDR | 700 | 3,386 | ||||||
Kiatnakin Bank PCL NVDR | 1,200 | 1,486 | ||||||
Krung Thai Bank PCL NVDR | 9,100 | 4,221 | ||||||
Land & Houses PCL NVDR | 11,300 | 2,910 | ||||||
Minor International PCL NVDR | 1,200 | 1,375 | ||||||
MK Restaurants Group PCL NVDR | 800 | 1,116 | ||||||
Pruksa Real Estate PCL NVDR | 1,700 | 1,222 | ||||||
PTT Exploration & Production PCL NVDR | 2,600 | 6,197 | ||||||
PTT Global Chemical PCL NVDR | 3,100 | 5,227 | ||||||
PTT PCL NVDR | 1,900 | 16,924 | ||||||
Ratchaburi Electricity Generating Holding PCL NVDR | 1,200 | 1,742 | ||||||
Robinson Department Store PCL NVDR | 900 | 1,735 | ||||||
Siam Cement PCL (The) NVDR | 600 | 8,128 | ||||||
Siam City Cement PCL NVDR | 200 | 1,685 | ||||||
Siam Commercial Bank PCL (The) NVDR | 1,700 | 6,725 | ||||||
Supalai PCL NVDR | 2,400 | 1,632 | ||||||
Thai Oil PCL NVDR | 1,000 | 1,707 | ||||||
Thai Union Group PCL NVDR | 3,200 | 2,003 | ||||||
Thanachart Capital PCL NVDR | 1,300 | 1,295 | ||||||
Tisco Financial Group PCL NVDR | 1,000 | 1,409 | ||||||
TMB Bank PCL NVDR | 21,900 | $ | 1,346 | |||||
Total Access Communication PCL NVDR | 3,900 | 3,579 | ||||||
TTW PCL NVDR | 4,400 | 1,402 | ||||||
|
| |||||||
Total Thailand | 139,978 | |||||||
Turkey – 2.0% | ||||||||
Akbank TAS | 1,064 | 3,045 | ||||||
Anadolu Efes Biracilik ve Malt Sanayii AS | 212 | 1,434 | ||||||
Arcelik AS | 441 | 2,903 | ||||||
BIM Birlesik Magazalar AS | 78 | 1,520 | ||||||
Celebi Hava Servisi AS | 64 | 517 | ||||||
Cimsa Cimento Sanayi ve Ticaret AS | 268 | 1,412 | ||||||
Dogus Otomotiv Servis ve Ticaret AS | 322 | 1,187 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 1,845 | 1,835 | ||||||
Enka Insaat ve Sanayi AS | 1,124 | 1,716 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 5,504 | 7,771 | ||||||
Ford Otomotiv Sanayi AS | 190 | 2,022 | ||||||
Haci Omer Sabanci Holding AS | 375 | 1,229 | ||||||
KOC Holding AS | 680 | 3,103 | ||||||
Otokar Otomotiv Ve Savunma Sanayi A.S. | 32 | 1,079 | ||||||
Turk Telekomunikasyon AS | 4,902 | 10,313 | ||||||
Turk Traktor ve Ziraat Makineleri AS | 63 | 1,840 | ||||||
Turkiye Garanti Bankasi AS | 1,082 | 2,852 | ||||||
Turkiye Halk Bankasi AS | 401 | 1,191 | ||||||
Turkiye Is Bankasi Group C | 1,873 | 2,970 | ||||||
|
| |||||||
Total Turkey | 49,939 | |||||||
TOTAL COMMON STOCKS (Cost: $2,451,364) | 2,538,199 | |||||||
RIGHTS – 0.0% | ||||||||
Chile – 0.0% | ||||||||
Empresa Nacional de Telecomunicaciones S.A., expiring 7/22/16* (Cost $0) | 38 | 37 | ||||||
WARRANTS – 0.0% | ||||||||
Thailand – 0.0% | ||||||||
Banpu PCL, expiring 6/5/17* (Cost: $0) | 1,600 | 419 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.1% (Cost: $2,451,364) | 2,538,655 | |||||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.9% | 23,985 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,562,640 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
ADR – American Depositary Receipt
GDR – Global Depositary Receipt
NVDR – Non-Voting Depositary Receipt
Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 63 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2016
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/1/2016 | MYR | 3,680 | USD | 905 | $ | (7 | ) | |||||||||||||
7/1/2016 | USD | 646 | IDR | 8,500,000 | (3 | ) | ||||||||||||||
$ | (10 | ) |
CURRENCY LEGEND |
IDR – Indonesian rupiah
MYR – Malaysian ringgit
USD – U.S. dollar
See Notes to Financial Statements.
64 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Europe Local Recovery Fund (EZR)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.7% | ||||||||
Austria – 3.4% | ||||||||
Conwert Immobilien Invest SE* | 588 | $ | 9,456 | |||||
Erste Group Bank AG* | 632 | 14,260 | ||||||
Oesterreichische Post AG* | 267 | 8,604 | ||||||
OMV AG | 406 | 11,373 | ||||||
Raiffeisen Bank International AG* | 676 | 8,467 | ||||||
UNIQA Insurance Group AG | 2,168 | 12,943 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 567 | 10,712 | ||||||
Voestalpine AG | 511 | 17,042 | ||||||
Wienerberger AG | 1,008 | 14,110 | ||||||
|
| |||||||
Total Austria | 106,967 | |||||||
Belgium – 4.5% | ||||||||
Ackermans & van Haaren N.V. | 130 | 15,916 | ||||||
Ageas | 253 | 8,709 | ||||||
bpost S.A. | 394 | 10,017 | ||||||
Cie d’Entreprises CFE | 182 | 16,535 | ||||||
Cofinimmo S.A. | 98 | 11,513 | ||||||
D’ieteren S.A./N.V. | 212 | 9,145 | ||||||
Euronav N.V. | 1,684 | 15,423 | ||||||
KBC Group N.V.* | 437 | 21,323 | ||||||
Tessenderlo Chemie N.V.* | 252 | 8,585 | ||||||
Umicore S.A. | 250 | 12,851 | ||||||
Warehouses De Pauw | 128 | 11,981 | ||||||
|
| |||||||
Total Belgium | 141,998 | |||||||
Finland – 4.4% | ||||||||
Metsa Board Oyj | 2,506 | 12,667 | ||||||
Neste Oyj | 480 | 17,133 | ||||||
Nokian Renkaat Oyj | 467 | 16,618 | ||||||
Outokumpu Oyj* | 1,900 | 7,928 | ||||||
Sampo Oyj Class A | 629 | 25,527 | ||||||
Stora Enso Oyj Class R | 1,806 | 14,406 | ||||||
Tieto Oyj | 413 | 11,259 | ||||||
UPM-Kymmene Oyj | 1,169 | 21,299 | ||||||
Uponor Oyj | 666 | 10,492 | ||||||
|
| |||||||
Total Finland | 137,329 | |||||||
France – 28.1% | ||||||||
Accor S.A. | 503 | 19,385 | ||||||
Aeroports de Paris | 131 | 14,412 | ||||||
Air France-KLM* | 1,255 | 7,976 | ||||||
Alstom S.A.* | 574 | 13,312 | ||||||
Alten S.A. | 289 | 17,065 | ||||||
Altran Technologies S.A.* | 964 | 12,819 | ||||||
Amundi S.A.(a) | 200 | 8,321 | ||||||
Atos SE | 174 | 14,407 | ||||||
AXA S.A. | 1,742 | 34,458 | ||||||
BNP Paribas S.A. | 895 | 39,528 | ||||||
Bouygues S.A. | 486 | 14,000 | ||||||
Capgemini S.A. | 269 | 23,370 | ||||||
Cie de Saint-Gobain | 639 | 24,389 | ||||||
CNP Assurances | 873 | 12,914 | ||||||
Credit Agricole S.A. | 2,033 | 17,075 | ||||||
Edenred | 523 | $ | 10,746 | |||||
Eiffage S.A. | 255 | 18,190 | ||||||
Elior Participations SCA(a) | 643 | 14,019 | ||||||
Elis S.A. | 412 | 7,223 | ||||||
Euler Hermes Group | 182 | 15,217 | ||||||
Eurazeo S.A. | 255 | 15,156 | ||||||
Europcar Groupe S.A.*(a) | 1,390 | 11,983 | ||||||
Eutelsat Communications S.A. | 554 | 10,478 | ||||||
Faurecia | 437 | 13,950 | ||||||
Fonciere Des Regions | 133 | 11,822 | ||||||
Groupe Eurotunnel SE Registered Shares | 1,605 | 17,028 | ||||||
Groupe Fnac S.A.* | 190 | 10,265 | ||||||
Havas S.A. | 1,524 | 11,808 | ||||||
ICADE | 142 | 10,044 | ||||||
JCDecaux S.A. | 469 | 15,832 | ||||||
Klepierre | 284 | 12,573 | ||||||
Lagardere SCA | 595 | 12,989 | ||||||
Metropole Television S.A. | 834 | 13,898 | ||||||
Natixis S.A. | 2,929 | 11,093 | ||||||
Nexity S.A.* | 230 | 11,676 | ||||||
Peugeot S.A.* | 1,286 | 15,451 | ||||||
Plastic Omnium S.A. | 289 | 8,121 | ||||||
Renault S.A. | 228 | 17,336 | ||||||
Rexel S.A.* | 1,007 | 12,658 | ||||||
SEB S.A. | 107 | 12,945 | ||||||
Societe Generale S.A. | 876 | 27,454 | ||||||
Sopra Steria Group | 132 | 13,648 | ||||||
SPIE S.A. | 413 | 7,417 | ||||||
Television Francaise 1 | 1,339 | 14,220 | ||||||
Thales S.A. | 221 | 18,416 | ||||||
TOTAL S.A. | 1,580 | 76,145 | ||||||
Unibail-Rodamco SE | 76 | 19,728 | ||||||
Vicat S.A. | 198 | 11,196 | ||||||
Vinci S.A. | 496 | 35,095 | ||||||
Vivendi S.A. | 1,318 | 24,745 | ||||||
Wendel S.A. | 174 | 18,001 | ||||||
Worldline S.A.*(a) | 530 | 15,471 | ||||||
|
| |||||||
Total France | 877,468 | |||||||
Germany – 23.4% | ||||||||
Aareal Bank AG | 333 | 10,457 | ||||||
Allianz SE Registered Shares | 353 | 50,119 | ||||||
Aurubis AG | 200 | 9,072 | ||||||
Axel Springer SE | 227 | 11,884 | ||||||
BASF SE | 704 | 53,684 | ||||||
Bechtle AG | 152 | 15,944 | ||||||
Bertrandt AG | 125 | 12,220 | ||||||
Bilfinger SE* | 282 | 8,250 | ||||||
Continental AG | 153 | 28,777 | ||||||
CTS Eventim AG & Co. KGaA | 426 | 12,979 | ||||||
Deutsche Bank AG Registered Shares* | 1,559 | 21,347 | ||||||
Deutsche Boerse AG | 322 | 26,307 | ||||||
Deutsche Lufthansa AG Registered Shares | 906 | 10,599 | ||||||
Deutsche Post AG Registered Shares | 1,038 | 29,031 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 65 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Local Recovery Fund (EZR)
June 30, 2016
Investments | Shares | Value | ||||||
Deutsche Wohnen AG Bearer Shares | 466 | $ | 15,803 | |||||
DMG MORI AG* | 372 | 17,484 | ||||||
ElringKlinger AG | 399 | 7,819 | ||||||
Fielmann AG | 180 | 13,124 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 247 | 13,178 | ||||||
Fuchs Petrolub SE | 272 | 9,775 | ||||||
Hamburger Hafen und Logistik AG | 519 | 7,752 | ||||||
Hella KGaA Hueck & Co. | 243 | 7,765 | ||||||
Hugo Boss AG | 245 | 13,854 | ||||||
Indus Holding AG | 259 | 12,027 | ||||||
KION Group AG | 200 | 9,651 | ||||||
Kloeckner & Co. SE* | 1,443 | 15,906 | ||||||
LEG Immobilien AG* | 131 | 12,209 | ||||||
Leoni AG | 521 | 14,242 | ||||||
MAN SE | 243 | 24,807 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 137 | 22,868 | ||||||
Nemetschek SE | 203 | 10,938 | ||||||
Nordex SE* | 560 | 15,818 | ||||||
PATRIZIA Immobilien AG* | 317 | 7,600 | ||||||
ProSiebenSat.1 Media SE* | 445 | 19,387 | ||||||
Rheinmetall AG | 277 | 16,371 | ||||||
Salzgitter AG | 378 | 9,946 | ||||||
Sixt SE | 264 | 13,484 | ||||||
Stroeer SE & Co KGaA | 316 | 14,479 | ||||||
Talanx AG | 281 | 8,313 | ||||||
ThyssenKrupp AG | 882 | 17,647 | ||||||
TUI AG | 1,245 | 14,066 | ||||||
United Internet AG Registered Shares | 307 | 12,688 | ||||||
Volkswagen AG | 76 | 10,166 | ||||||
Wacker Neuson SE | 721 | 11,154 | ||||||
Wincor Nixdorf AG* | 190 | 11,031 | ||||||
Wirecard AG | 262 | 11,486 | ||||||
Zalando SE*(a) | 344 | 9,061 | ||||||
|
| |||||||
Total Germany | 732,569 | |||||||
Ireland – 2.4% | ||||||||
Bank of Ireland* | 64,839 | 13,326 | ||||||
Irish Continental Group PLC | 1,553 | 7,246 | ||||||
Kingspan Group PLC | 612 | 13,258 | ||||||
Paddy Power Betfair PLC | 113 | 11,863 | ||||||
Ryanair Holdings PLC ADR | 175 | 12,170 | ||||||
Smurfit Kappa Group PLC | 710 | 15,618 | ||||||
|
| |||||||
Total Ireland | 73,481 | |||||||
Italy – 14.3% | ||||||||
Anima Holding SpA(a) | 2,475 | 11,576 | ||||||
Ansaldo STS SpA | 886 | 10,079 | ||||||
Assicurazioni Generali SpA | 1,198 | 14,041 | ||||||
Atlantia SpA | 653 | 16,228 | ||||||
Azimut Holding SpA | 577 | 9,352 | ||||||
Banca Generali SpA | 574 | 11,440 | ||||||
Banca IFIS SpA | 451 | 9,094 | ||||||
Banca Mediolanum SpA | 1,218 | 8,301 | ||||||
Banca Monte dei Paschi di Siena SpA* | 13,574 | 5,718 | ||||||
Banca Popolare dell’Emilia Romagna SC | 2,396 | $ | 8,726 | |||||
Banca Popolare di Milano SCARL | 17,757 | 7,266 | ||||||
Banca Popolare di Sondrio SCARL | 3,883 | 9,948 | ||||||
Banco Popolare | 2,956 | 7,041 | ||||||
Brembo SpA | 328 | 18,005 | ||||||
Brunello Cucinelli SpA | 456 | 8,187 | ||||||
Buzzi Unicem SpA | 754 | 13,134 | ||||||
Cerved Information Solutions SpA | 1,180 | 9,275 | ||||||
Credito Emiliano SpA | 1,771 | 10,693 | ||||||
De’ Longhi SpA | 495 | 11,757 | ||||||
Ei Towers SpA* | 217 | 11,008 | ||||||
Eni SpA | 2,145 | 34,601 | ||||||
FinecoBank Banca Fineco SpA | 1,307 | 8,494 | ||||||
Intesa Sanpaolo SpA | 13,614 | 25,742 | ||||||
Intesa Sanpaolo SpA RSP | 5,662 | 10,058 | ||||||
Leonardo-Finmeccanica SpA* | 1,295 | 13,034 | ||||||
Mediaset SpA | 3,012 | 10,480 | ||||||
Mediobanca SpA | 1,842 | 10,549 | ||||||
OVS SpA(a) | 2,803 | 16,302 | ||||||
Poste Italiane SpA(a) | 1,856 | 12,289 | ||||||
Prysmian SpA | 704 | 15,361 | ||||||
Saras SpA | 4,737 | 8,204 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 1,323 | 11,384 | ||||||
Tod’s SpA | 233 | 12,484 | ||||||
UniCredit SpA | 4,999 | 10,941 | ||||||
Unione di Banche Italiane SpA | 4,423 | 12,157 | ||||||
UnipolSai SpA | 7,216 | 10,798 | ||||||
Yoox Net-A-Porter Group SpA* | 613 | 14,158 | ||||||
|
| |||||||
Total Italy | 447,905 | |||||||
Netherlands – 7.1% | ||||||||
Aalberts Industries N.V. | 568 | 17,069 | ||||||
ABN AMRO Group CVA N.V.(a) | 991 | 16,399 | ||||||
Altice N.V. Class A* | 1,162 | 17,402 | ||||||
Delta Lloyd N.V. | 1,958 | 6,917 | ||||||
Euronext N.V.(a) | 355 | 13,070 | ||||||
GrandVision N.V.(a) | 750 | 19,472 | ||||||
IMCD Group N.V. | 255 | 10,078 | ||||||
ING Groep N.V. CVA | 3,303 | 33,682 | ||||||
Intertrust N.V.*(a) | 410 | 9,110 | ||||||
Koninklijke BAM Groep N.V. | 1,959 | 7,136 | ||||||
NN Group N.V. | 326 | 8,980 | ||||||
PostNL N.V.* | 3,236 | 13,233 | ||||||
Randstad Holding N.V. | 404 | 16,227 | ||||||
Steinhoff International Holdings N.V. | 3,346 | 19,174 | ||||||
TKH Group N.V. CVA | 421 | 14,218 | ||||||
|
| |||||||
Total Netherlands | 222,167 | |||||||
Portugal – 2.0% | ||||||||
Banco BPI S.A. Registered Shares* | 6,802 | 8,373 | ||||||
Banco Comercial Portugues S.A. Registered Shares* | 609,115 | 12,316 | ||||||
CTT – Correios de Portugal S.A. | 1,622 | 12,819 | ||||||
Navigator Co. S.A. (The) | 4,405 | 12,303 | ||||||
NOS, SGPS S.A. | 2,898 | 17,546 | ||||||
|
| |||||||
Total Portugal | 63,357 |
See Notes to Financial Statements.
66 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Local Recovery Fund (EZR)
June 30, 2016
Investments | Shares | Value | ||||||
Spain – 9.7% | ||||||||
Abertis Infraestructuras S.A. | 800 | $ | 11,732 | |||||
Aena S.A.(a) | 108 | 14,188 | ||||||
Amadeus IT Holding S.A. Class A | 483 | 21,074 | ||||||
Atresmedia Corp. de Medios de Comunicaion S.A. | 1,396 | 13,524 | ||||||
Banco de Sabadell S.A. | 7,085 | 9,280 | ||||||
Banco Popular Espanol S.A. | 9,192 | 11,754 | ||||||
Bankia S.A. | 11,558 | 8,295 | ||||||
Bankinter S.A. | 2,085 | 13,361 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A. | 412 | 11,461 | ||||||
CaixaBank S.A. | 5,737 | 12,537 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 514 | 10,790 | ||||||
Cie Automotive S.A. | 629 | 10,492 | ||||||
Ferrovial S.A. | 597 | 11,560 | ||||||
Fomento de Construcciones y Contratas S.A.* | 1,445 | 12,184 | ||||||
Grupo Catalana Occidente S.A. | 569 | 15,639 | ||||||
Indra Sistemas S.A.* | 998 | 10,526 | ||||||
Industria de Diseno Textil S.A. | 872 | 28,975 | ||||||
Mediaset Espana Comunicacion S.A. | 1,294 | 14,469 | ||||||
Melia Hotels International S.A. | 1,341 | 14,399 | ||||||
NH Hotel Group S.A.* | 2,891 | 12,140 | ||||||
Repsol S.A. | 1,181 | 14,970 | ||||||
Sacyr S.A. | 6,231 | 10,100 | ||||||
Zardoya Otis S.A. | 1,069 | 9,988 | ||||||
|
| |||||||
Total Spain | 303,438 | |||||||
United Kingdom – 0.4% | ||||||||
International Consolidated Airlines Group S.A. | 2,767 | 13,603 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $3,650,440) | 3,120,282 | |||||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.3% | 8,120 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 3,128,402 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
ADR | – American Depositary Receipt | |
CVA | – Certificaten Van Aandelen (Certificate of Stock) | |
RSP | – Risparmio Italian Savings Shares |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 67 |
Table of Contents
Schedule of Investments
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
June 30, 2016
Investments | Shares | Value | ||||||
EXCHANGE-TRADED FUND – 100.0% | ||||||||
United States – 100.0% | ||||||||
WisdomTree Global SmallCap Dividend Fund(a) | ||||||||
(Cost: $30,307,348) | 1,341,782 | $ | 35,194,942 | |||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.0% | 6,621 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 35,201,563 |
(a) | Affiliated company (See Note 3). |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2016 | AUD | 378,957 | USD | 274,188 | $ | (7,983 | ) | |||||||||||||
7/5/2016 | AUD | 378,952 | USD | 274,188 | (7,980 | ) | ||||||||||||||
7/5/2016 | AUD | 378,964 | USD | 274,188 | (7,989 | ) | ||||||||||||||
7/5/2016 | AUD | 288,734 | USD | 208,907 | (6,084 | ) | ||||||||||||||
7/5/2016 | AUD | 378,939 | USD | 274,188 | (7,970 | ) | ||||||||||||||
7/5/2016 | CHF | 30,898 | USD | 31,124 | (592 | ) | ||||||||||||||
7/5/2016 | CHF | 30,897 | USD | 31,124 | (591 | ) | ||||||||||||||
7/5/2016 | CHF | 30,897 | USD | 31,124 | (591 | ) | ||||||||||||||
7/5/2016 | CHF | 23,543 | USD | 23,716 | (450 | ) | ||||||||||||||
7/5/2016 | CHF | 30,896 | USD | 31,124 | (590 | ) | ||||||||||||||
7/5/2016 | DKK | 2,270 | JPY | 34,972 | 2 | |||||||||||||||
7/5/2016 | DKK | 154,138 | USD | 23,090 | 73 | |||||||||||||||
7/5/2016 | DKK | 154,116 | USD | 23,090 | 77 | |||||||||||||||
7/5/2016 | DKK | 154,123 | USD | 23,090 | 76 | |||||||||||||||
7/5/2016 | DKK | 117,430 | USD | 17,594 | 59 | |||||||||||||||
7/5/2016 | DKK | 154,111 | USD | 23,090 | 77 | |||||||||||||||
7/5/2016 | EUR | 4,800 | JPY | 549,936 | 28 | |||||||||||||||
7/5/2016 | EUR | 343,314 | USD | 382,608 | 1,203 | |||||||||||||||
7/5/2016 | EUR | 343,304 | USD | 382,608 | 1,215 | |||||||||||||||
7/5/2016 | EUR | 343,319 | USD | 382,608 | 1,198 | |||||||||||||||
7/5/2016 | EUR | 261,567 | USD | 291,514 | 927 | |||||||||||||||
7/5/2016 | EUR | 343,293 | USD | 382,608 | 1,227 | |||||||||||||||
7/5/2016 | GBP | 28,395 | AUD | 50,700 | (207 | ) | ||||||||||||||
7/5/2016 | GBP | 11,388 | CAD | 19,600 | (132 | ) | ||||||||||||||
7/5/2016 | GBP | 2,132 | CHF | 2,770 | (7 | ) | ||||||||||||||
7/5/2016 | GBP | 733 | HKD | 7,570 | (4 | ) | ||||||||||||||
7/5/2016 | GBP | 43,800 | JPY | 6,020,923 | 137 | |||||||||||||||
7/5/2016 | GBP | 71 | MXN | 1,735 | (1 | ) | ||||||||||||||
7/5/2016 | GBP | 32,835 | NZD | 61,240 | (278 | ) | ||||||||||||||
7/5/2016 | GBP | 5,818 | SGD | 10,430 | (28 | ) | ||||||||||||||
7/5/2016 | GBP | 296,059 | USD | 431,011 | 35,240 | |||||||||||||||
7/5/2016 | GBP | 296,068 | USD | 431,011 | 35,228 | |||||||||||||||
7/5/2016 | GBP | 296,073 | USD | 431,011 | 35,222 | |||||||||||||||
7/5/2016 | GBP | 225,566 | USD | 328,393 | 26,857 | |||||||||||||||
7/5/2016 | GBP | 296,059 | USD | 431,011 | 35,239 | |||||||||||||||
7/5/2016 | HKD | 1,804,992 | USD | 232,463 | (200 | ) | ||||||||||||||
7/5/2016 | HKD | 1,805,304 | USD | 232,463 | (241 | ) | ||||||||||||||
7/5/2016 | HKD | 1,805,021 | USD | 232,463 | (204 | ) | ||||||||||||||
7/5/2016 | HKD | 1,375,209 | USD | 177,115 | (150 | ) | ||||||||||||||
7/5/2016 | HKD | 1,805,040 | USD | 232,463 | (207 | ) | ||||||||||||||
7/5/2016 | ILS | 194,487 | USD | 50,519 | 17 | |||||||||||||||
7/5/2016 | ILS | 194,454 | USD | 50,519 | 26 | |||||||||||||||
7/5/2016 | ILS | 194,471 | USD | 50,519 | 22 | |||||||||||||||
7/5/2016 | ILS | 148,269 | USD | 38,492 | (9 | ) | ||||||||||||||
7/5/2016 | ILS | 194,454 | USD | 50,519 | $ | 26 | ||||||||||||||
7/5/2016 | INR | 2,045,779 | USD | 30,272 | 4 | |||||||||||||||
7/5/2016 | JPY | 88,727,681 | USD | 800,954 | (63,922 | ) | ||||||||||||||
7/5/2016 | JPY | 88,731,125 | USD | 800,954 | (63,956 | ) | ||||||||||||||
7/5/2016 | JPY | 88,733,128 | USD | 800,954 | (63,976 | ) | ||||||||||||||
7/5/2016 | JPY | 67,604,753 | USD | 610,252 | (48,728 | ) | ||||||||||||||
7/5/2016 | JPY | 88,728,002 | USD | 800,954 | (63,926 | ) | ||||||||||||||
7/5/2016 | KRW | 78,988,438 | USD | 66,193 | (2,382 | ) | ||||||||||||||
7/5/2016 | KRW | 78,988,438 | USD | 66,249 | (2,326 | ) | ||||||||||||||
7/5/2016 | KRW | 66,836,372 | USD | 56,032 | (1,993 | ) | ||||||||||||||
7/5/2016 | KRW | 78,988,438 | USD | 66,202 | (2,373 | ) | ||||||||||||||
7/5/2016 | MXN | 316,968 | USD | 17,161 | (20 | ) | ||||||||||||||
7/5/2016 | MXN | 316,994 | USD | 17,161 | (21 | ) | ||||||||||||||
7/5/2016 | MXN | 316,968 | USD | 17,161 | (20 | ) | ||||||||||||||
7/5/2016 | MXN | 241,507 | USD | 13,076 | (14 | ) | ||||||||||||||
7/5/2016 | MXN | 317,118 | USD | 17,161 | (28 | ) | ||||||||||||||
7/5/2016 | MYR | 870,418 | USD | 210,765 | (5,193 | ) | ||||||||||||||
7/5/2016 | NOK | 1,530 | JPY | 18,881 | 1 | |||||||||||||||
7/5/2016 | NOK | 1,099,237 | USD | 131,423 | 60 | |||||||||||||||
7/5/2016 | NOK | 1,099,267 | USD | 131,423 | 57 | |||||||||||||||
7/5/2016 | NOK | 1,099,223 | USD | 131,423 | 62 | |||||||||||||||
7/5/2016 | NOK | 837,539 | USD | 100,132 | 43 | |||||||||||||||
7/5/2016 | NOK | 1,099,231 | USD | 131,423 | 61 | |||||||||||||||
7/5/2016 | NZD | 248,778 | USD | 168,020 | (9,160 | ) | ||||||||||||||
7/5/2016 | NZD | 248,781 | USD | 168,020 | (9,162 | ) | ||||||||||||||
7/5/2016 | NZD | 248,788 | USD | 168,020 | (9,167 | ) | ||||||||||||||
7/5/2016 | NZD | 189,550 | USD | 128,019 | (6,978 | ) | ||||||||||||||
7/5/2016 | NZD | 248,777 | USD | 168,020 | (9,159 | ) | ||||||||||||||
7/5/2016 | PLN | 1,030 | JPY | 26,952 | 3 | |||||||||||||||
7/5/2016 | PLN | 66,984 | USD | 16,968 | 59 | |||||||||||||||
7/5/2016 | PLN | 66,977 | USD | 16,968 | 60 | |||||||||||||||
7/5/2016 | PLN | 66,985 | USD | 16,968 | 58 | |||||||||||||||
7/5/2016 | PLN | 51,049 | USD | 12,932 | 45 | |||||||||||||||
7/5/2016 | PLN | 66,984 | USD | 16,968 | 59 | |||||||||||||||
7/5/2016 | SEK | 61,100 | JPY | 744,906 | 50 | |||||||||||||||
7/5/2016 | SEK | 837,307 | USD | 100,371 | 1,547 | |||||||||||||||
7/5/2016 | SEK | 837,258 | USD | 100,371 | 1,553 | |||||||||||||||
7/5/2016 | SEK | 837,325 | USD | 100,371 | 1,545 | |||||||||||||||
7/5/2016 | SEK | 637,996 | USD | 76,474 | 1,174 | |||||||||||||||
7/5/2016 | SEK | 837,312 | USD | 100,371 | 1,546 | |||||||||||||||
7/5/2016 | SGD | 95,364 | USD | 69,221 | (1,634 | ) | ||||||||||||||
7/5/2016 | SGD | 95,353 | USD | 69,221 | (1,626 | ) | ||||||||||||||
7/5/2016 | SGD | 95,344 | USD | 69,221 | (1,619 | ) | ||||||||||||||
7/5/2016 | SGD | 72,654 | USD | 52,744 | (1,238 | ) | ||||||||||||||
7/5/2016 | SGD | 95,355 | USD | 69,221 | (1,628 | ) | ||||||||||||||
7/5/2016 | TWD | 16,008,501 | USD | 489,557 | (6,600 | ) | ||||||||||||||
7/5/2016 | TWD | 15,380,718 | USD | 471,007 | (5,693 | ) | ||||||||||||||
7/5/2016 | USD | 13,616 | AUD | 18,247 | (29 | ) | ||||||||||||||
7/5/2016 | USD | 271,329 | AUD | 364,381 | (11 | ) | ||||||||||||||
7/5/2016 | USD | 271,329 | AUD | 364,385 | (8 | ) | ||||||||||||||
7/5/2016 | USD | 271,329 | AUD | 364,396 | — | |||||||||||||||
7/5/2016 | USD | 271,329 | AUD | 364,405 | 7 | |||||||||||||||
7/5/2016 | USD | 206,727 | AUD | 277,621 | (10 | ) | ||||||||||||||
7/5/2016 | USD | 1,546 | CHF | 1,482 | (25 | ) | ||||||||||||||
7/5/2016 | USD | 30,799 | CHF | 30,003 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 30,799 | CHF | 30,003 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 30,799 | CHF | 30,004 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 30,799 | CHF | 30,004 | — |
See Notes to Financial Statements.
68 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
June 30, 2016
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2016 | USD | 23,470 | CHF | 22,864 | $ | — | ||||||||||||||
7/5/2016 | USD | 1,147 | DKK | 7,518 | (24 | ) | ||||||||||||||
7/5/2016 | USD | 22,849 | DKK | 153,023 | 1 | |||||||||||||||
7/5/2016 | USD | 22,849 | DKK | 153,023 | 1 | |||||||||||||||
7/5/2016 | USD | 22,849 | DKK | 153,011 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 22,849 | DKK | 153,015 | — | |||||||||||||||
7/5/2016 | USD | 17,411 | DKK | 116,598 | — | |||||||||||||||
7/5/2016 | USD | 19,000 | EUR | 16,748 | (394 | ) | ||||||||||||||
7/5/2016 | USD | 378,618 | EUR | 340,799 | (8 | ) | ||||||||||||||
7/5/2016 | USD | 378,618 | EUR | 340,790 | (17 | ) | ||||||||||||||
7/5/2016 | USD | 288,474 | EUR | 259,651 | (15 | ) | ||||||||||||||
7/5/2016 | USD | 378,618 | EUR | 340,796 | (10 | ) | ||||||||||||||
7/5/2016 | USD | 378,618 | EUR | 340,806 | — | |||||||||||||||
7/5/2016 | USD | 21,403 | GBP | 14,561 | (1,938 | ) | ||||||||||||||
7/5/2016 | USD | 426,517 | GBP | 319,049 | (13 | ) | ||||||||||||||
7/5/2016 | USD | 426,517 | GBP | 319,044 | (19 | ) | ||||||||||||||
7/5/2016 | USD | 426,517 | GBP | 319,058 | — | |||||||||||||||
7/5/2016 | USD | 426,517 | GBP | 319,051 | (10 | ) | ||||||||||||||
7/5/2016 | USD | 324,966 | GBP | 243,080 | (16 | ) | ||||||||||||||
7/5/2016 | USD | 11,544 | HKD | 89,571 | 2 | |||||||||||||||
7/5/2016 | USD | 230,038 | HKD | 1,784,677 | 7 | |||||||||||||||
7/5/2016 | USD | 230,038 | HKD | 1,784,711 | 11 | |||||||||||||||
7/5/2016 | USD | 230,038 | HKD | 1,784,667 | 6 | |||||||||||||||
7/5/2016 | USD | 230,038 | HKD | 1,784,623 | — | |||||||||||||||
7/5/2016 | USD | 175,271 | HKD | 1,359,744 | — | |||||||||||||||
7/5/2016 | USD | 2,509 | ILS | 9,674 | 3 | |||||||||||||||
7/5/2016 | USD | 49,992 | ILS | 192,511 | (3 | ) | ||||||||||||||
7/5/2016 | USD | 49,992 | ILS | 192,514 | (3 | ) | ||||||||||||||
7/5/2016 | USD | 49,992 | ILS | 192,524 | — | |||||||||||||||
7/5/2016 | USD | 49,992 | ILS | 192,515 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 38,091 | ILS | 146,685 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 306 | INR | 20,714 | — | |||||||||||||||
7/5/2016 | USD | 29,992 | INR | 2,025,065 | (31 | ) | ||||||||||||||
7/5/2016 | USD | 39,841 | JPY | 4,156,224 | 672 | |||||||||||||||
7/5/2016 | USD | 792,587 | JPY | 81,309,915 | (16 | ) | ||||||||||||||
7/5/2016 | USD | 792,587 | JPY | 81,307,378 | (40 | ) | ||||||||||||||
7/5/2016 | USD | 792,587 | JPY | 81,311,500 | — | |||||||||||||||
7/5/2016 | USD | 792,587 | JPY | 81,309,439 | (20 | ) | ||||||||||||||
7/5/2016 | USD | 603,879 | JPY | 61,948,866 | (30 | ) | ||||||||||||||
7/5/2016 | USD | 230,497 | JPY | 23,800,000 | 1,494 | |||||||||||||||
7/5/2016 | USD | 2,645 | KRW | 3,057,883 | 10 | |||||||||||||||
7/5/2016 | USD | 67,888 | KRW | 78,193,388 | (3 | ) | ||||||||||||||
7/5/2016 | USD | 57,456 | KRW | 66,163,639 | (15 | ) | ||||||||||||||
7/5/2016 | USD | 67,876 | KRW | 78,193,388 | 9 | |||||||||||||||
7/5/2016 | USD | 67,935 | KRW | 78,193,388 | (50 | ) | ||||||||||||||
7/5/2016 | USD | 852 | MXN | 15,898 | 10 | |||||||||||||||
7/5/2016 | USD | 16,982 | MXN | 313,305 | — | |||||||||||||||
7/5/2016 | USD | 16,982 | MXN | 313,289 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 16,982 | MXN | 313,305 | — | |||||||||||||||
7/5/2016 | USD | 12,940 | MXN | 238,733 | — | |||||||||||||||
7/5/2016 | USD | 16,982 | MXN | 313,290 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 2,186 | MYR | 8,854 | 11 | |||||||||||||||
7/5/2016 | USD | 213,788 | MYR | 861,564 | (27 | ) | ||||||||||||||
7/5/2016 | USD | 6,526 | NOK | 53,855 | (90 | ) | ||||||||||||||
7/5/2016 | USD | 130,052 | NOK | 1,088,214 | (6 | ) | ||||||||||||||
7/5/2016 | USD | 130,052 | NOK | 1,088,214 | (7 | ) | ||||||||||||||
7/5/2016 | USD | 130,052 | NOK | 1,088,269 | — | |||||||||||||||
7/5/2016 | USD | 130,052 | NOK | 1,088,296 | 3 | |||||||||||||||
7/5/2016 | USD | 99,090 | NOK | 829,180 | $ | — | ||||||||||||||
7/5/2016 | USD | 8,344 | NZD | 11,740 | 17 | |||||||||||||||
7/5/2016 | USD | 166,268 | NZD | 233,450 | (5 | ) | ||||||||||||||
7/5/2016 | USD | 166,268 | NZD | 233,447 | (7 | ) | ||||||||||||||
7/5/2016 | USD | 166,268 | NZD | 233,457 | — | |||||||||||||||
7/5/2016 | USD | 166,268 | NZD | 233,463 | 5 | |||||||||||||||
7/5/2016 | USD | 126,683 | NZD | 177,876 | — | |||||||||||||||
7/5/2016 | USD | 843 | PLN | 3,261 | (20 | ) | ||||||||||||||
7/5/2016 | USD | 16,791 | PLN | 66,510 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 16,791 | PLN | 66,512 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 16,791 | PLN | 66,512 | (1 | ) | ||||||||||||||
7/5/2016 | USD | 16,791 | PLN | 66,515 | — | |||||||||||||||
7/5/2016 | USD | 12,797 | PLN | 50,693 | — | |||||||||||||||
7/5/2016 | USD | 4,984 | SEK | 41,046 | (140 | ) | ||||||||||||||
7/5/2016 | USD | 99,324 | SEK | 841,500 | (5 | ) | ||||||||||||||
7/5/2016 | USD | 99,324 | SEK | 841,500 | (5 | ) | ||||||||||||||
7/5/2016 | USD | 99,324 | SEK | 841,542 | — | |||||||||||||||
7/5/2016 | USD | 75,678 | SEK | 641,197 | — | |||||||||||||||
7/5/2016 | USD | 99,324 | SEK | 841,522 | (2 | ) | ||||||||||||||
7/5/2016 | USD | 3,437 | SGD | 4,617 | (6 | ) | ||||||||||||||
7/5/2016 | USD | 68,500 | SGD | 92,180 | (11 | ) | ||||||||||||||
7/5/2016 | USD | 68,500 | SGD | 92,198 | 3 | |||||||||||||||
7/5/2016 | USD | 68,500 | SGD | 92,194 | — | |||||||||||||||
7/5/2016 | USD | 68,500 | SGD | 92,189 | (4 | ) | ||||||||||||||
7/5/2016 | USD | 52,191 | SGD | 70,244 | — | |||||||||||||||
7/5/2016 | USD | 9,832 | TWD | 316,395 | (26 | ) | ||||||||||||||
7/5/2016 | USD | 471,895 | TWD | 15,225,684 | — | |||||||||||||||
7/5/2016 | USD | 491,689 | TWD | 15,847,140 | (533 | ) | ||||||||||||||
7/6/2016 | BRL | 349,695 | USD | 96,255 | (12,864 | ) | ||||||||||||||
7/6/2016 | BRL | 349,695 | USD | 96,176 | (12,944 | ) | ||||||||||||||
7/6/2016 | BRL | 349,695 | USD | 96,017 | (13,102 | ) | ||||||||||||||
7/6/2016 | BRL | 349,695 | USD | 96,176 | (12,944 | ) | ||||||||||||||
7/6/2016 | BRL | 266,435 | USD | 73,267 | (9,872 | ) | ||||||||||||||
7/6/2016 | CAD | 559,802 | USD | 427,935 | (3,115 | ) | ||||||||||||||
7/6/2016 | CAD | 559,781 | USD | 427,935 | (3,098 | ) | ||||||||||||||
7/6/2016 | CAD | 559,784 | USD | 427,935 | (3,101 | ) | ||||||||||||||
7/6/2016 | CAD | 426,508 | USD | 326,049 | (2,364 | ) | ||||||||||||||
7/6/2016 | CAD | 559,798 | USD | 427,935 | (3,112 | ) | ||||||||||||||
7/6/2016 | CLP | 12,983,718 | USD | 18,777 | (832 | ) | ||||||||||||||
7/6/2016 | CLP | 12,983,718 | USD | 18,777 | (832 | ) | ||||||||||||||
7/6/2016 | CLP | 12,983,718 | USD | 18,756 | (853 | ) | ||||||||||||||
7/6/2016 | CLP | 12,983,718 | USD | 18,779 | (830 | ) | ||||||||||||||
7/6/2016 | CLP | 9,892,359 | USD | 14,350 | (591 | ) | ||||||||||||||
7/6/2016 | THB | 9,701,356 | USD | 271,150 | (4,456 | ) | ||||||||||||||
7/6/2016 | USD | 4,884 | BRL | 16,567 | 285 | |||||||||||||||
7/6/2016 | USD | 108,470 | BRL | 346,216 | (436 | ) | ||||||||||||||
7/6/2016 | USD | 108,066 | BRL | 346,216 | (32 | ) | ||||||||||||||
7/6/2016 | USD | 108,060 | BRL | 346,216 | (26 | ) | ||||||||||||||
7/6/2016 | USD | 108,019 | BRL | 346,216 | 15 | |||||||||||||||
7/6/2016 | USD | 82,281 | BRL | 263,784 | 31 | |||||||||||||||
7/6/2016 | USD | 21,250 | CAD | 27,185 | (318 | ) | ||||||||||||||
7/6/2016 | USD | 423,473 | CAD | 549,986 | 18 | |||||||||||||||
7/6/2016 | USD | 423,473 | CAD | 549,970 | 6 | |||||||||||||||
7/6/2016 | USD | 423,473 | CAD | 549,961 | (1 | ) | ||||||||||||||
7/6/2016 | USD | 423,473 | CAD | 549,964 | 1 | |||||||||||||||
7/6/2016 | USD | 322,647 | CAD | 419,018 | (2 | ) | ||||||||||||||
7/6/2016 | USD | 945 | CLP | 641,401 | 24 | |||||||||||||||
7/6/2016 | USD | 19,525 | CLP | 12,849,024 | (120 | ) |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 69 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
June 30, 2016
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/6/2016 | USD | 19,408 | CLP | 12,849,024 | $ | (2 | ) | |||||||||||||
7/6/2016 | USD | 19,408 | CLP | 12,849,024 | (2 | ) | ||||||||||||||
7/6/2016 | USD | 19,408 | CLP | 12,849,024 | (3 | ) | ||||||||||||||
7/6/2016 | USD | 14,798 | CLP | 9,789,734 | (13 | ) | ||||||||||||||
7/6/2016 | USD | 2,757 | THB | 97,093 | 1 | |||||||||||||||
7/6/2016 | USD | 272,848 | THB | 9,604,263 | — | |||||||||||||||
7/7/2016 | PHP | 4,568,663 | USD | 97,484 | 322 | |||||||||||||||
7/7/2016 | USD | 995 | PHP | 46,056 | (16 | ) | ||||||||||||||
7/7/2016 | USD | 96,164 | PHP | 4,522,607 | 18 | |||||||||||||||
7/7/2016 | USD | 2,432 | ZAR | 36,061 | 29 | |||||||||||||||
7/7/2016 | USD | 48,466 | ZAR | 710,002 | (5 | ) | ||||||||||||||
7/7/2016 | USD | 48,466 | ZAR | 710,014 | (4 | ) | ||||||||||||||
7/7/2016 | USD | 48,466 | ZAR | 710,059 | (1 | ) | ||||||||||||||
7/7/2016 | USD | 48,466 | ZAR | 710,025 | (3 | ) | ||||||||||||||
7/7/2016 | USD | 36,931 | ZAR | 541,066 | (1 | ) | ||||||||||||||
7/7/2016 | ZAR | 775,715 | USD | 48,977 | (3,969 | ) | ||||||||||||||
7/7/2016 | ZAR | 775,825 | USD | 48,977 | (3,977 | ) | ||||||||||||||
7/7/2016 | ZAR | 775,850 | USD | 48,977 | (3,979 | ) | ||||||||||||||
7/7/2016 | ZAR | 591,077 | USD | 37,319 | (3,025 | ) | ||||||||||||||
7/7/2016 | ZAR | 775,764 | USD | 48,977 | (3,973 | ) | ||||||||||||||
7/8/2016 | TRY | 45,818 | USD | 15,369 | (536 | ) | ||||||||||||||
7/8/2016 | TRY | 45,807 | USD | 15,369 | (532 | ) | ||||||||||||||
7/8/2016 | TRY | 45,813 | USD | 15,369 | (535 | ) | ||||||||||||||
7/8/2016 | TRY | 34,913 | USD | 11,713 | (407 | ) | ||||||||||||||
7/8/2016 | TRY | 45,811 | USD | 15,369 | (534 | ) | ||||||||||||||
7/8/2016 | USD | 763 | TRY | 2,222 | 8 | |||||||||||||||
7/8/2016 | USD | 15,209 | TRY | 43,814 | 1 | |||||||||||||||
7/8/2016 | USD | 15,209 | TRY | 43,810 | (1 | ) | ||||||||||||||
7/8/2016 | USD | 15,209 | TRY | 43,811 | — | |||||||||||||||
7/8/2016 | USD | 15,209 | TRY | 43,807 | (2 | ) | ||||||||||||||
7/8/2016 | USD | 11,590 | TRY | 33,385 | (1 | ) | ||||||||||||||
7/12/2016 | IDR | 2,570,147,927 | USD | 187,739 | (6,976 | ) | ||||||||||||||
7/12/2016 | USD | 1,927 | IDR | 25,538,847 | 8 | |||||||||||||||
7/12/2016 | USD | 192,993 | IDR | 2,544,609,080 | (212 | ) | ||||||||||||||
8/2/2016 | DKK | 146,776 | USD | 21,937 | (2 | ) | ||||||||||||||
8/2/2016 | DKK | 146,770 | USD | 21,937 | (2 | ) | ||||||||||||||
8/2/2016 | DKK | 146,763 | USD | 21,937 | (1 | ) | ||||||||||||||
8/2/2016 | DKK | 146,765 | USD | 21,937 | (1 | ) | ||||||||||||||
8/2/2016 | DKK | 111,837 | USD | 16,715 | (2 | ) | ||||||||||||||
8/2/2016 | EUR | 311,527 | USD | 346,456 | 17 | |||||||||||||||
8/2/2016 | EUR | 311,542 | USD | 346,456 | — | |||||||||||||||
8/2/2016 | EUR | 237,369 | USD | 263,971 | 1 | |||||||||||||||
8/2/2016 | EUR | 311,539 | USD | 346,456 | 4 | |||||||||||||||
8/2/2016 | EUR | 311,546 | USD | 346,456 | (4 | ) | ||||||||||||||
8/2/2016 | GBP | 262,843 | USD | 351,443 | 4 | |||||||||||||||
8/2/2016 | GBP | 262,840 | USD | 351,443 | 8 | |||||||||||||||
8/2/2016 | GBP | 262,859 | USD | 351,443 | (18 | ) | ||||||||||||||
8/2/2016 | GBP | 200,264 | USD | 267,770 | 4 | |||||||||||||||
8/2/2016 | GBP | 262,869 | USD | 351,443 | (31 | ) | ||||||||||||||
8/2/2016 | HKD | 1,799,721 | USD | 232,037 | (30 | ) | ||||||||||||||
8/2/2016 | HKD | 1,799,556 | USD | 232,037 | (9 | ) | ||||||||||||||
8/2/2016 | HKD | 1,799,475 | USD | 232,037 | 2 | |||||||||||||||
8/2/2016 | HKD | 1,799,529 | USD | 232,037 | (5 | ) | ||||||||||||||
8/2/2016 | HKD | 1,371,024 | USD | 176,793 | 5 | |||||||||||||||
8/2/2016 | ILS | 186,295 | USD | 48,387 | (12 | ) | ||||||||||||||
8/2/2016 | ILS | 186,266 | USD | 48,387 | (5 | ) | ||||||||||||||
8/2/2016 | ILS | 186,268 | USD | 48,387 | (5 | ) | ||||||||||||||
8/2/2016 | ILS | 186,249 | USD | 48,387 | — | |||||||||||||||
8/2/2016 | ILS | 141,935 | USD | 36,868 | $ | (7 | ) | |||||||||||||
8/2/2016 | NOK | 1,115,499 | USD | 133,304 | 1 | |||||||||||||||
8/2/2016 | NOK | 1,115,515 | USD | 133,304 | — | |||||||||||||||
8/2/2016 | NOK | 1,115,573 | USD | 133,304 | (7 | ) | ||||||||||||||
8/2/2016 | NOK | 1,115,539 | USD | 133,304 | (3 | ) | ||||||||||||||
8/2/2016 | NOK | 849,957 | USD | 101,568 | (2 | ) | ||||||||||||||
8/2/2016 | NZD | 245,937 | USD | 174,906 | 3 | |||||||||||||||
8/2/2016 | NZD | 245,934 | USD | 174,906 | 4 | |||||||||||||||
8/2/2016 | NZD | 245,953 | USD | 174,906 | (9 | ) | ||||||||||||||
8/2/2016 | NZD | 245,942 | USD | 174,906 | (1 | ) | ||||||||||||||
8/2/2016 | NZD | 187,389 | USD | 133,266 | — | |||||||||||||||
8/2/2016 | PHP | 4,661,490 | USD | 99,002 | (16 | ) | ||||||||||||||
8/2/2016 | PLN | 35,635 | USD | 8,982 | (7 | ) | ||||||||||||||
8/2/2016 | PLN | 35,607 | USD | 8,982 | — | |||||||||||||||
8/2/2016 | PLN | 35,607 | USD | 8,982 | — | |||||||||||||||
8/2/2016 | PLN | 27,133 | USD | 6,844 | — | |||||||||||||||
8/2/2016 | PLN | 35,609 | USD | 8,982 | — | |||||||||||||||
8/2/2016 | SEK | 785,076 | USD | 92,773 | 2 | |||||||||||||||
8/2/2016 | SEK | 785,074 | USD | 92,773 | 2 | |||||||||||||||
8/2/2016 | SEK | 785,134 | USD | 92,773 | (5 | ) | ||||||||||||||
8/2/2016 | SEK | 785,116 | USD | 92,773 | (3 | ) | ||||||||||||||
8/2/2016 | SEK | 598,188 | USD | 70,685 | (2 | ) | ||||||||||||||
8/2/2016 | TRY | 43,605 | USD | 15,045 | (2 | ) | ||||||||||||||
8/2/2016 | TRY | 43,605 | USD | 15,045 | (2 | ) | ||||||||||||||
8/2/2016 | TRY | 43,603 | USD | 15,045 | (2 | ) | ||||||||||||||
8/2/2016 | TRY | 43,599 | USD | 15,045 | — | |||||||||||||||
8/2/2016 | TRY | 33,226 | USD | 11,464 | (2 | ) | ||||||||||||||
8/3/2016 | AUD | 367,038 | USD | 273,014 | 10 | |||||||||||||||
8/3/2016 | AUD | 367,076 | USD | 273,014 | (18 | ) | ||||||||||||||
8/3/2016 | AUD | 367,048 | USD | 273,014 | 2 | |||||||||||||||
8/3/2016 | AUD | 367,060 | USD | 273,014 | (7 | ) | ||||||||||||||
8/3/2016 | AUD | 279,651 | USD | 208,013 | 8 | |||||||||||||||
8/3/2016 | BRL | 386,934 | USD | 120,065 | 355 | |||||||||||||||
8/3/2016 | BRL | 386,934 | USD | 119,747 | 37 | |||||||||||||||
8/3/2016 | BRL | 386,934 | USD | 119,718 | 8 | |||||||||||||||
8/3/2016 | BRL | 294,810 | USD | 91,250 | 41 | |||||||||||||||
8/3/2016 | BRL | 386,934 | USD | 119,601 | (109 | ) | ||||||||||||||
8/3/2016 | CHF | 29,152 | USD | 29,976 | (4 | ) | ||||||||||||||
8/3/2016 | CHF | 29,153 | USD | 29,976 | (6 | ) | ||||||||||||||
8/3/2016 | CHF | 29,150 | USD | 29,976 | (2 | ) | ||||||||||||||
8/3/2016 | CHF | 29,150 | USD | 29,976 | (3 | ) | ||||||||||||||
8/3/2016 | CHF | 22,212 | USD | 22,842 | (1 | ) | ||||||||||||||
8/3/2016 | CLP | 12,745,370 | USD | 19,296 | 100 | |||||||||||||||
8/3/2016 | CLP | 12,745,370 | USD | 19,186 | (11 | ) | ||||||||||||||
8/3/2016 | CLP | 12,745,370 | USD | 19,198 | 1 | |||||||||||||||
8/3/2016 | CLP | 12,745,370 | USD | 19,192 | (4 | ) | ||||||||||||||
8/3/2016 | CLP | 9,710,759 | USD | 14,639 | 13 | |||||||||||||||
8/3/2016 | IDR | 2,719,363,465 | USD | 205,312 | (165 | ) | ||||||||||||||
8/3/2016 | INR | 2,070,796 | USD | 30,516 | 34 | |||||||||||||||
8/3/2016 | JPY | 81,549,238 | USD | 795,600 | (18 | ) | ||||||||||||||
8/3/2016 | JPY | 81,545,897 | USD | 795,600 | 14 | |||||||||||||||
8/3/2016 | JPY | 81,551,943 | USD | 795,600 | (45 | ) | ||||||||||||||
8/3/2016 | JPY | 81,550,352 | USD | 795,600 | (29 | ) | ||||||||||||||
8/3/2016 | JPY | 62,132,876 | USD | 606,175 | (12 | ) | ||||||||||||||
8/3/2016 | KRW | 72,165,855 | USD | 62,676 | 38 | |||||||||||||||
8/3/2016 | KRW | 72,165,855 | USD | 62,633 | (5 | ) | ||||||||||||||
8/3/2016 | KRW | 61,063,416 | USD | 53,007 | 6 | |||||||||||||||
8/3/2016 | KRW | 72,165,855 | USD | 62,622 | (15 | ) |
See Notes to Financial Statements.
70 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
June 30, 2016
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
8/3/2016 | MXN | 312,294 | USD | 16,882 | $ | — | ||||||||||||||
8/3/2016 | MXN | 312,319 | USD | 16,882 | (1 | ) | ||||||||||||||
8/3/2016 | MXN | 312,318 | USD | 16,882 | (1 | ) | ||||||||||||||
8/3/2016 | MXN | 312,318 | USD | 16,882 | (1 | ) | ||||||||||||||
8/3/2016 | MXN | 238,023 | USD | 12,865 | (2 | ) | ||||||||||||||
8/3/2016 | MYR | 794,970 | USD | 197,092 | (230 | ) | ||||||||||||||
8/3/2016 | SGD | 92,106 | USD | 68,389 | (31 | ) | ||||||||||||||
8/3/2016 | SGD | 92,078 | USD | 68,389 | (10 | ) | ||||||||||||||
8/3/2016 | SGD | 92,077 | USD | 68,389 | (9 | ) | ||||||||||||||
8/3/2016 | SGD | 92,075 | USD | 68,389 | (8 | ) | ||||||||||||||
8/3/2016 | SGD | 70,159 | USD | 52,107 | (9 | ) | ||||||||||||||
8/3/2016 | THB | 10,204,147 | USD | 289,775 | 29 | |||||||||||||||
8/3/2016 | TWD | 15,443,046 | USD | 479,077 | (272 | ) | ||||||||||||||
8/3/2016 | TWD | 16,073,373 | USD | 499,018 | 103 | |||||||||||||||
8/4/2016 | CAD | 570,250 | USD | 439,118 | (24 | ) | ||||||||||||||
8/4/2016 | CAD | 570,249 | USD | 439,118 | (23 | ) | ||||||||||||||
8/4/2016 | CAD | 570,258 | USD | 439,118 | (30 | ) | ||||||||||||||
8/4/2016 | CAD | 570,220 | USD | 439,118 | (1 | ) | ||||||||||||||
8/4/2016 | CAD | 434,462 | USD | 334,568 | (6 | ) | ||||||||||||||
8/8/2016 | ZAR | 696,460 | USD | 47,229 | (1 | ) | ||||||||||||||
8/8/2016 | ZAR | 696,463 | USD | 47,229 | (1 | ) | ||||||||||||||
8/8/2016 | ZAR | 696,527 | USD | 47,229 | (5 | ) | ||||||||||||||
8/8/2016 | ZAR | 696,457 | USD | 47,229 | (1 | ) | ||||||||||||||
8/8/2016 | ZAR | 530,683 | USD | 35,985 | (3 | ) | ||||||||||||||
$ | (358,512 | ) |
CURRENCY LEGEND |
AUD – Australian dollar
BRL – Brazilian real
CAD – Canadian dollar
CHF – Swiss franc
CLP – Chilean peso
DKK – Danish krone
EUR – Euro
GBP – British pound
HKD – Hong Kong dollar
IDR – Indonesian rupiah
ILS – Israeli New shekel
INR – Indian rupee
JPY – Japanese yen
KRW – South Korean won
MXN – Mexican peso
MYR – Malaysian ringgit
NOK – Norwegian krone
NZD – New Zealand dollar
PHP – Philippine peso
PLN – Polish zloty
SEK – Swedish krona
SGD – Singapore dollar
THB – Thai baht
TRY – Turkish New lira
TWD – New Taiwan dollar
USD – U.S. dollar
ZAR – South African rand
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 71 |
Table of Contents
Schedule of Investments
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
Australia – 3.8% | ||||||||
ALS Ltd. | 14,509 | $ | 52,829 | |||||
AP Eagers Ltd. | 7,596 | 67,476 | ||||||
BlueScope Steel Ltd. | 2,658 | 12,607 | ||||||
carsales.com Ltd. | 9,346 | 85,735 | ||||||
CSR Ltd. | 33,480 | 90,742 | ||||||
Downer EDI Ltd. | 25,240 | 71,416 | ||||||
DuluxGroup Ltd. | 18,132 | 85,327 | ||||||
Event Hospitality and Entertainment Ltd. | 5,919 | 64,038 | ||||||
Fairfax Media Ltd. | 107,955 | 74,756 | ||||||
Genworth Mortgage Insurance Australia Ltd. | 30,749 | 62,963 | ||||||
IRESS Ltd. | 7,764 | 62,956 | ||||||
JB Hi-Fi Ltd. | 5,457 | 97,925 | ||||||
Navitas Ltd. | 17,810 | 72,805 | ||||||
Northern Star Resources Ltd. | 15,754 | 57,948 | ||||||
Perpetual Ltd. | 2,447 | 74,922 | ||||||
Premier Investments Ltd. | 6,576 | 69,824 | ||||||
Primary Health Care Ltd. | 26,108 | 76,788 | ||||||
Qube Holdings Ltd. | 4,053 | 6,670 | ||||||
Seven Group Holdings Ltd. | 21,840 | 97,735 | ||||||
Spotless Group Holdings Ltd. | 51,207 | 42,704 | ||||||
Super Retail Group Ltd. | 9,318 | 60,848 | ||||||
|
| |||||||
Total Australia | 1,389,014 | |||||||
Austria – 0.1% | ||||||||
Schoeller-Bleckmann Oilfield Equipment AG | 532 | 32,116 | ||||||
Belgium – 0.5% | ||||||||
Bekaert S.A. | 1,862 | 80,602 | ||||||
Econocom Group S.A./N.V.* | 3,035 | 34,763 | ||||||
Warehouses De Pauw | 755 | 70,666 | ||||||
|
| |||||||
Total Belgium | 186,031 | |||||||
Brazil – 1.6% | ||||||||
BR Malls Participacoes S.A.* | 2,600 | 10,428 | ||||||
Cia Siderurgica Nacional S.A.* | 42,435 | 103,579 | ||||||
EcoRodovias Infraestrutura e Logistica S.A.* | 26,877 | 70,302 | ||||||
EDP – Energias do Brasil S.A. | 14,145 | 60,134 | ||||||
Grendene S.A. | 9,892 | 50,822 | ||||||
Multiplus S.A. | 5,653 | 63,787 | ||||||
Odontoprev S.A. | 15,558 | 64,636 | ||||||
Smiles S.A. | 4,239 | 63,497 | ||||||
Sul America S.A. | 1,100 | 5,370 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 15,558 | 93,239 | ||||||
|
| |||||||
Total Brazil | 585,794 | |||||||
Canada – 5.9% | ||||||||
Aimia, Inc. | 8,996 | 54,723 | ||||||
Algonquin Power & Utilities Corp. | 12,033 | 110,166 | ||||||
Canadian Energy Services & Technology Corp. | 11,515 | 36,087 | ||||||
Canadian Western Bank | 2,099 | 39,840 | ||||||
Capital Power Corp. | 5,821 | 86,416 | ||||||
Chartwell Retirement Residences | 7,302 | 88,667 | ||||||
Chemtrade Logistics Income Fund | 538 | 7,390 | ||||||
Corus Entertainment, Inc. Class B | 6,017 | 61,713 | ||||||
Cott Corp. | 772 | $ | 10,736 | |||||
Dominion Diamond Corp. | 5,051 | 44,454 | ||||||
Enbridge Income Fund Holdings, Inc. | 2,629 | 64,900 | ||||||
EnerCare, Inc. | 5,215 | 68,666 | ||||||
Enerplus Corp. | 18,244 | 119,548 | ||||||
Ensign Energy Services, Inc. | 7,400 | 41,311 | ||||||
Gibson Energy, Inc. | 7,248 | 83,659 | ||||||
Just Energy Group, Inc. | 8,506 | 51,349 | ||||||
Laurentian Bank of Canada | 1,092 | 40,562 | ||||||
Manitoba Telecom Services, Inc. | 3,665 | 107,040 | ||||||
Mullen Group Ltd. | 4,897 | 53,167 | ||||||
Norbord, Inc. | 3,105 | 60,393 | ||||||
North West Co., Inc. (The) | 2,853 | 64,718 | ||||||
Pan American Silver Corp. | 9,332 | 152,911 | ||||||
Parkland Fuel Corp. | 3,385 | 58,619 | ||||||
Russel Metals, Inc. | 4,393 | 77,394 | ||||||
Secure Energy Services, Inc. | 5,247 | 35,675 | ||||||
Superior Plus Corp. | 8,170 | 67,061 | ||||||
TransAlta Corp. | 24,848 | 128,574 | ||||||
TransAlta Renewables, Inc. | 9,528 | 98,016 | ||||||
Transcontinental, Inc. Class A | 600 | 8,090 | ||||||
TransForce, Inc. | 3,301 | 60,977 | ||||||
Westshore Terminals Investment Corp. | 3,469 | 49,977 | ||||||
Yamana Gold, Inc. | 25,492 | 131,906 | ||||||
|
| |||||||
Total Canada | 2,164,705 | |||||||
Chile – 0.3% | ||||||||
Parque Arauco S.A. | 26,765 | 54,151 | ||||||
Vina Concha y Toro S.A. | 26,793 | 42,294 | ||||||
|
| |||||||
Total Chile | 96,445 | |||||||
China – 2.2% | ||||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 28,000 | 33,169 | ||||||
China Communications Services Corp., Ltd. Class H | 112,000 | 58,325 | ||||||
China Lilang Ltd. | 56,000 | 35,587 | ||||||
China National Building Material Co., Ltd. Class H | 84,000 | 36,597 | ||||||
CIFI Holdings Group Co., Ltd. | 224,000 | 54,860 | ||||||
CITIC Telecom International Holdings Ltd. | 28,000 | 10,539 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 56,000 | 77,814 | ||||||
Jiangxi Copper Co., Ltd. Class H | 42,000 | 46,721 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H* | 15,400 | 33,905 | ||||||
Sinopec Engineering Group Co., Ltd. Class H | 12,000 | 10,828 | ||||||
Sinotrans Ltd. Class H | 56,000 | 24,759 | ||||||
SITC International Holdings Co., Ltd. | 84,000 | 43,960 | ||||||
Sunac China Holdings Ltd. | 56,000 | 34,648 | ||||||
TCL Communication Technology Holdings Ltd. | 56,000 | 51,539 | ||||||
Weichai Power Co., Ltd. Class H | 28,000 | 28,657 | ||||||
Xinyi Automobile Glass Hong Kong Enterprises Ltd.* | 14,000 | 4,908 | ||||||
Xinyi Glass Holdings Ltd. | 112,000 | 82,290 | ||||||
XTEP International Holdings Ltd. | 19,500 | 10,431 | ||||||
Yuzhou Properties Co., Ltd. | 12,000 | 3,341 | ||||||
Zhejiang Expressway Co., Ltd. Class H | 56,000 | 52,622 | ||||||
Zhongsheng Group Holdings Ltd. | 17,000 | 9,204 | ||||||
Zijin Mining Group Co., Ltd. Class H | 168,000 | 56,087 | ||||||
|
| |||||||
Total China | 800,791 |
See Notes to Financial Statements.
72 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2016
Investments | Shares | Value | ||||||
Denmark – 0.3% | ||||||||
Alm Brand A/S | 6,618 | $ | 44,075 | |||||
FLSmidth & Co. A/S | 1,834 | 65,152 | ||||||
|
| |||||||
Total Denmark | 109,227 | |||||||
Finland – 0.7% | ||||||||
Cargotec Oyj Class B | 1,428 | 57,778 | ||||||
Caverion Corp. | 999 | 6,382 | ||||||
Konecranes Oyj | 2,741 | 69,002 | ||||||
Uponor Oyj | 3,105 | 48,914 | ||||||
Valmet Oyj | 5,541 | 73,561 | ||||||
|
| |||||||
Total Finland | 255,637 | |||||||
France – 0.6% | ||||||||
Alten S.A. | 1,204 | 71,093 | ||||||
IPSOS | 808 | 22,944 | ||||||
Neopost S.A. | 3,882 | 89,618 | ||||||
Saft Groupe S.A. | 1,169 | 47,454 | ||||||
|
| |||||||
Total France | 231,109 | |||||||
Germany – 1.1% | ||||||||
alstria office REIT-AG* | 5,317 | 71,710 | ||||||
AURELIUS SE & Co. KGaA | 320 | 18,739 | ||||||
Comdirect Bank AG | 4,939 | 50,261 | ||||||
CompuGroup Medical SE | 1,050 | 43,732 | ||||||
Hamburger Hafen und Logistik AG | 3,217 | 48,051 | ||||||
Indus Holding AG | 1,120 | 52,010 | ||||||
Sixt SE | 162 | 8,274 | ||||||
Takkt AG | 430 | 8,456 | ||||||
TLG Immobilien AG | 2,127 | 44,613 | ||||||
Wacker Neuson SE | 2,769 | 42,836 | ||||||
|
| |||||||
Total Germany | 388,682 | |||||||
Hong Kong – 0.8% | ||||||||
Hong Kong Aircraft Engineering Co., Ltd. | 5,600 | 35,803 | ||||||
Kingboard Chemical Holdings Ltd. | 35,000 | 69,387 | ||||||
Kingboard Laminates Holdings Ltd. | 15,000 | 9,184 | ||||||
Kowloon Development Co., Ltd. | 6,000 | 5,723 | ||||||
Television Broadcasts Ltd. | 42,000 | 143,466 | ||||||
Vitasoy International Holdings Ltd. | 28,000 | 50,818 | ||||||
|
| |||||||
Total Hong Kong | 314,381 | |||||||
Indonesia – 0.7% | ||||||||
Adaro Energy Tbk PT | 701,000 | 45,097 | ||||||
AKR Corporindo Tbk PT | 64,400 | 31,195 | ||||||
Bumitama Agri Ltd. | 70,000 | 39,788 | ||||||
Lippo Karawaci Tbk PT | 359,500 | 31,154 | ||||||
Media Nusantara Citra Tbk PT | 359,500 | 59,860 | ||||||
Vale Indonesia Tbk PT* | 255,900 | 35,250 | ||||||
|
| |||||||
Total Indonesia | 242,344 | |||||||
Ireland – 0.2% | ||||||||
Greencore Group PLC | 2,000 | 8,221 | ||||||
Irish Continental Group PLC | 12,563 | 58,619 | ||||||
|
| |||||||
Total Ireland | 66,840 | |||||||
Israel – 0.7% | ||||||||
Amot Investments Ltd. | 13,557 | $ | 55,269 | |||||
Delek Automotive Systems Ltd. | 8,464 | 70,791 | ||||||
First International Bank of Israel Ltd. | 2,447 | 29,959 | ||||||
Gazit-Globe Ltd. | 6,184 | 55,239 | ||||||
Melisron Ltd. | 125 | 5,024 | ||||||
Migdal Insurance & Financial Holding Ltd.* | 45,051 | 25,713 | ||||||
|
| |||||||
Total Israel | 241,995 | |||||||
Italy – 0.9% | ||||||||
Astaldi SpA | 4,253 | 17,180 | ||||||
ASTM SpA | 6,017 | 65,375 | ||||||
Industria Macchine Automatiche SpA | 1,358 | 81,544 | ||||||
Interpump Group SpA | 800 | 12,496 | ||||||
MARR SpA | 3,581 | 67,671 | ||||||
RAI Way SpA(a) | 10,843 | 48,786 | ||||||
Societa Cattolica di Assicurazioni SCRL | 7,024 | 44,245 | ||||||
|
| |||||||
Total Italy | 337,297 | |||||||
Japan – 10.8% | ||||||||
Adastria Co., Ltd. | 400 | 15,752 | ||||||
ADEKA Corp. | 4,200 | 50,520 | ||||||
Advantest Corp. | 800 | 8,851 | ||||||
Aeon Delight Co., Ltd. | 1,400 | 38,006 | ||||||
Aica Kogyo Co., Ltd. | 3,400 | 77,054 | ||||||
Amano Corp. | 2,800 | 48,473 | ||||||
Arcs Co., Ltd. | 2,800 | 66,486 | ||||||
Ashikaga Holdings Co., Ltd. | 3,100 | 9,881 | ||||||
Autobacs Seven Co., Ltd. | 4,200 | 59,362 | ||||||
Bic Camera, Inc. | 800 | 7,330 | ||||||
Capcom Co., Ltd. | 200 | 4,593 | ||||||
Central Glass Co., Ltd. | 1,000 | 4,279 | ||||||
Chiyoda Co., Ltd. | 1,400 | 30,787 | ||||||
COMSYS Holdings Corp. | 4,200 | 67,714 | ||||||
Daido Steel Co., Ltd. | 14,000 | 47,626 | ||||||
DCM Holdings Co., Ltd. | 5,600 | 47,763 | ||||||
Dip Corp. | 300 | 7,998 | ||||||
DMG Mori Co., Ltd. | 3,800 | 36,004 | ||||||
Dynam Japan Holdings Co., Ltd. | 39,200 | 55,683 | ||||||
Eagle Industry Co., Ltd. | 2,800 | 32,206 | ||||||
Ebara Corp. | 16,000 | 87,494 | ||||||
Exedy Corp. | 2,800 | 59,499 | ||||||
Fuji Oil Holdings, Inc. | 200 | 3,704 | ||||||
Furukawa Co., Ltd. | 17,000 | 23,696 | ||||||
Furukawa Electric Co., Ltd. | 3,000 | 6,901 | ||||||
Glory Ltd. | 1,600 | 43,217 | ||||||
GMO Internet, Inc. | 500 | 5,152 | ||||||
Gree, Inc. | 1,600 | 9,015 | ||||||
GS Yuasa Corp. | 2,000 | 7,603 | ||||||
Harmonic Drive Systems, Inc. | 200 | 5,654 | ||||||
Heiwa Corp. | 4,500 | 90,754 | ||||||
Hitachi Kokusai Electric, Inc. | 1,300 | 21,567 | ||||||
Hokkoku Bank Ltd. (The) | 14,000 | 37,664 | ||||||
Hokuetsu Kishu Paper Co., Ltd. | 7,000 | 47,968 | ||||||
Hyakujushi Bank Ltd. (The) | 14,000 | 40,530 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2016
Investments | Shares | Value | ||||||
Itochu Enex Co., Ltd. | 1,400 | $ | 12,309 | |||||
Itoham Yonekyu Holdings, Inc.* | 1,000 | 10,245 | ||||||
Japan Aviation Electronics Industry Ltd. | 1,000 | 13,588 | ||||||
Juroku Bank Ltd. (The) | 3,000 | 7,896 | ||||||
kabu.com Securities Co., Ltd. | 21,000 | 67,346 | ||||||
KYORIN Holdings, Inc. | 300 | 5,846 | ||||||
Kyowa Exeo Corp. | 900 | 11,177 | ||||||
Kyudenko Corp. | 1,000 | 29,535 | ||||||
Lintec Corp. | 2,800 | 54,532 | ||||||
Maeda Road Construction Co., Ltd. | 1,000 | 16,970 | ||||||
Megmilk Snow Brand Co., Ltd. | 500 | 17,424 | ||||||
Meitec Corp. | 1,400 | 47,285 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 1,400 | 36,614 | ||||||
Miura Co., Ltd. | 600 | 13,340 | ||||||
Mochida Pharmaceutical Co., Ltd. | 1,400 | 112,584 | ||||||
Morinaga Milk Industry Co., Ltd. | 1,000 | 6,940 | ||||||
Musashino Bank Ltd. (The) | 300 | 6,749 | ||||||
Nagase & Co., Ltd. | 6,200 | 67,929 | ||||||
Nanto Bank Ltd. (The) | 3,000 | 9,533 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 1,400 | 28,317 | ||||||
Nihon Kohden Corp. | 300 | 8,378 | ||||||
Nihon M&A Center, Inc. | 1,400 | 90,204 | ||||||
Nihon Parkerizing Co., Ltd. | 5,600 | 58,353 | ||||||
Nikkon Holdings Co., Ltd. | 2,800 | 49,946 | ||||||
Nippon Densetsu Kogyo Co., Ltd. | 2,800 | 46,726 | ||||||
Nippon Flour Mills Co., Ltd. | 14,000 | 108,899 | ||||||
Nippon Gas Co., Ltd. | 200 | 4,324 | ||||||
Nippon Paper Industries Co., Ltd. | 4,200 | 73,159 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 16,000 | 51,311 | ||||||
Nipro Corp. | 6,000 | 74,042 | ||||||
Nissan Shatai Co., Ltd. | 4,200 | 41,636 | ||||||
Nisshin Steel Co., Ltd. | 4,500 | 57,023 | ||||||
NOF Corp. | 14,000 | 115,313 | ||||||
North Pacific Bank Ltd. | 10,800 | 29,161 | ||||||
Okasan Securities Group, Inc. | 2,500 | 11,039 | ||||||
Oki Electric Industry Co., Ltd. | 5,000 | 6,628 | ||||||
OKUMA Corp. | 1,000 | 6,482 | ||||||
Onward Holdings Co., Ltd. | 2,000 | 12,438 | ||||||
Open House Co., Ltd. | 300 | 8,106 | ||||||
Paltac Corp. | 2,800 | 56,524 | ||||||
PanaHome Corp. | 14,000 | 110,128 | ||||||
Relo Holdings, Inc. | 100 | 17,585 | ||||||
Rengo Co., Ltd. | 1,000 | 6,453 | ||||||
Ricoh Leasing Co., Ltd. | 1,400 | 35,549 | ||||||
Saibu Gas Co., Ltd. | 28,000 | 67,960 | ||||||
San-In Godo Bank Ltd. (The) | 1,200 | 7,767 | ||||||
Sanwa Holdings Corp. | 7,800 | 70,176 | ||||||
Sapporo Holdings Ltd. | 2,800 | 80,869 | ||||||
Seiko Holdings Corp. | 2,000 | 5,965 | ||||||
Senshu Ikeda Holdings, Inc. | 2,500 | 9,285 | ||||||
Showa Denko K.K. | 5,000 | 46,837 | ||||||
SKY Perfect JSAT Holdings, Inc. | 11,200 | 51,420 | ||||||
Sumitomo Osaka Cement Co., Ltd. | 1,000 | 4,279 | ||||||
Sumitomo Warehouse Co., Ltd. (The) | 14,000 | 69,188 | ||||||
T-Gaia Corp. | 4,200 | $ | 58,789 | |||||
Tadano Ltd. | 800 | 6,597 | ||||||
Takara Holdings, Inc. | 7,000 | 64,071 | ||||||
Toda Corp. | 1,000 | 4,289 | ||||||
Toho Bank Ltd. (The) | 14,000 | 43,123 | ||||||
Toho Holdings Co., Ltd. | 1,400 | 33,584 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 9,800 | 41,267 | ||||||
Toppan Forms Co., Ltd. | 4,200 | 43,109 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 3,000 | 12,487 | ||||||
Toyobo Co., Ltd. | 37,000 | 69,607 | ||||||
Tsubakimoto Chain Co. | 1,000 | 6,102 | ||||||
Tsumura & Co. | 1,800 | 48,619 | ||||||
Universal Entertainment Corp.* | 2,800 | 58,653 | ||||||
UNY Group Holdings Co., Ltd. | 8,400 | 70,498 | ||||||
Ushio, Inc. | 4,200 | 48,923 | ||||||
Yamato Kogyo Co., Ltd. | 1,400 | 31,578 | ||||||
Yoshinoya Holdings Co., Ltd. | 2,800 | 38,238 | ||||||
Zojirushi Corp. | 400 | 7,548 | ||||||
|
| |||||||
Total Japan | 3,963,180 | |||||||
Malaysia – 0.6% | ||||||||
Felda Global Ventures Holdings Bhd | 116,200 | 43,523 | ||||||
Genting Plantations Bhd | 25,200 | 66,383 | ||||||
KPJ Healthcare Bhd | 44,800 | 47,006 | ||||||
Lafarge Malaysia Bhd | 26,600 | 51,663 | ||||||
|
| |||||||
Total Malaysia | 208,575 | |||||||
Mexico – 0.2% | ||||||||
Banregio Grupo Financiero S.A.B. de C.V. | 7,080 | 40,425 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 8,478 | 49,808 | ||||||
|
| |||||||
Total Mexico | 90,233 | |||||||
Netherlands – 0.2% | ||||||||
TKH Group N.V. CVA | 2,004 | 67,681 | ||||||
New Zealand – 2.4% | ||||||||
Air New Zealand Ltd. | 82,267 | 122,747 | ||||||
EBOS Group Ltd. | 6,115 | 71,249 | ||||||
Genesis Energy Ltd. | 103,226 | 157,328 | ||||||
Infratil Ltd. | 39,189 | 89,174 | ||||||
Kiwi Property Group Ltd. | 15,000 | 15,918 | ||||||
SKY Network Television Ltd. | 29,451 | 100,051 | ||||||
SKYCITY Entertainment Group Ltd. | 32,095 | 104,690 | ||||||
Trade Me Group Ltd. | 27,185 | 89,642 | ||||||
Z Energy Ltd. | 19,937 | 114,871 | ||||||
|
| |||||||
Total New Zealand | 865,670 | |||||||
Norway – 1.8% | ||||||||
Aker ASA Class A | 2,685 | 68,345 | ||||||
Atea ASA* | 6,898 | 65,741 | ||||||
Austevoll Seafood ASA | 9,794 | 81,637 | ||||||
Kongsberg Gruppen ASA | 4,379 | 64,105 | ||||||
Ocean Yield ASA | 8,604 | 62,206 | ||||||
Salmar ASA | 7,414 | 218,930 | ||||||
SpareBank 1 SR-Bank ASA | 8,478 | 41,742 | ||||||
Veidekke ASA | 5,695 | 68,057 | ||||||
|
| |||||||
Total Norway | 670,763 |
See Notes to Financial Statements.
74 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2016
Investments | Shares | Value | ||||||
Philippines – 0.2% | ||||||||
First Gen Corp. | 113,400 | $ | 60,017 | |||||
Manila Water Co., Inc. | 14,000 | 8,064 | ||||||
Nickel Asia Corp. | 224,200 | 23,827 | ||||||
|
| |||||||
Total Philippines | 91,908 | |||||||
Poland – 0.1% | ||||||||
Asseco Poland S.A. | 3,847 | 50,703 | ||||||
Portugal – 0.3% | ||||||||
CTT – Correios de Portugal S.A. | 7,498 | 59,259 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 3,998 | 11,250 | ||||||
Semapa-Sociedade de Investimento e Gestao | 4,687 | 51,555 | ||||||
|
| |||||||
Total Portugal | 122,064 | |||||||
Russia – 0.1% | ||||||||
LSR Group PJSC GDR Reg S | 17,754 | 49,800 | ||||||
Singapore – 0.8% | ||||||||
GuocoLand Ltd. | 32,200 | 44,260 | ||||||
OUE Ltd. | 42,000 | 48,057 | ||||||
SMRT Corp., Ltd. | 57,400 | 64,185 | ||||||
United Engineers Ltd. | 5,100 | 8,299 | ||||||
Venture Corp., Ltd. | 15,400 | 94,741 | ||||||
Wing Tai Holdings Ltd. | 42,000 | 50,866 | ||||||
|
| |||||||
Total Singapore | 310,408 | |||||||
South Africa – 0.7% | ||||||||
Coronation Fund Managers Ltd. | 15,824 | 72,275 | ||||||
DataTec Ltd. | 16,258 | 48,680 | ||||||
Exxaro Resources Ltd. | 2,706 | 12,465 | ||||||
Famous Brands Ltd. | 6,394 | 55,448 | ||||||
Sibanye Gold Ltd. | 24,428 | 83,600 | ||||||
|
| |||||||
Total South Africa | 272,468 | |||||||
South Korea – 0.7% | ||||||||
Grand Korea Leisure Co., Ltd. | 1,372 | 31,625 | ||||||
Hite Jinro Co., Ltd. | 3,147 | 65,161 | ||||||
KEPCO Engineering & Construction Co., Inc. | 952 | 21,985 | ||||||
Kumho Petrochemical Co., Ltd. | 980 | 50,623 | ||||||
LS Industrial Systems Co., Ltd. | 1,106 | 45,657 | ||||||
Seah Besteel Corp. | 1,218 | 26,277 | ||||||
|
| |||||||
Total South Korea | 241,328 | |||||||
Spain – 0.1% | ||||||||
Obrascon Huarte Lain S.A.* | 5,471 | 19,024 | ||||||
Sweden – 1.2% | ||||||||
AddTech AB Class B | 2,587 | 32,366 | ||||||
Bilia AB Class A | 2,407 | 58,949 | ||||||
Clas Ohlson AB Class B | 525 | 8,938 | ||||||
Com Hem Holding AB | 4,519 | 38,055 | ||||||
Hemfosa Fastigheter AB | 1,100 | 11,230 | ||||||
Holmen AB Class B | 2,127 | 67,731 | ||||||
Kungsleden AB | 1,800 | 11,632 | ||||||
Modern Times Group MTG AB Class B | 2,811 | 73,852 | ||||||
Ratos AB Class B | 8,674 | 41,984 | ||||||
Sweco AB Class B | 3,063 | 52,817 | ||||||
Wihlborgs Fastigheter AB | 2,727 | 55,424 | ||||||
|
| |||||||
Total Sweden | 452,978 | |||||||
Switzerland – 0.4% | ||||||||
Cembra Money Bank AG* | 1,302 | $ | 91,081 | |||||
Implenia AG Registered Shares | 50 | 3,295 | ||||||
Tecan Group AG Registered Shares | 336 | 52,356 | ||||||
|
| |||||||
Total Switzerland | 146,732 | |||||||
Taiwan – 2.8% | ||||||||
Chicony Electronics Co., Ltd. | 28,000 | 62,928 | ||||||
ChipMOS TECHNOLOGIES, Inc. | 42,000 | 44,722 | ||||||
Farglory Land Development Co., Ltd. | 10,000 | 11,532 | ||||||
Highwealth Construction Corp. | 17,000 | 27,930 | ||||||
Inventec Corp. | 154,000 | 109,083 | ||||||
King’s Town Bank Co., Ltd. | 56,000 | 37,063 | ||||||
Powertech Technology, Inc. | 28,000 | 62,060 | ||||||
Radiant Opto-Electronics Corp. | 14,000 | 21,786 | ||||||
Realtek Semiconductor Corp. | 28,000 | 86,711 | ||||||
Ruentex Industries Ltd. | 56,000 | 84,020 | ||||||
Synnex Technology International Corp. | 84,000 | 90,486 | ||||||
Taiwan Secom Co., Ltd. | 28,000 | 80,722 | ||||||
Teco Electric and Machinery Co., Ltd. | 56,000 | 47,044 | ||||||
Transcend Information, Inc.* | 14,000 | 42,357 | ||||||
Wan Hai Lines Ltd. | 84,000 | 46,350 | ||||||
Wistron Corp. | 98,000 | 68,049 | ||||||
WPG Holdings Ltd. | 84,000 | 97,517 | ||||||
|
| |||||||
Total Taiwan | 1,020,360 | |||||||
Thailand – 0.8% | ||||||||
Bangchak Petroleum PCL (The) NVDR | 75,600 | 68,845 | ||||||
Bangkok Airways Co., Ltd. NVDR | 13,500 | 8,875 | ||||||
Banpu PCL NVDR | 181,957 | 76,117 | ||||||
BEC World PCL NVDR | 74,200 | 48,143 | ||||||
Jasmine International PCL | 29,200 | 4,695 | ||||||
Pruksa Real Estate PCL NVDR | 99,400 | 71,424 | ||||||
TTW PCL NVDR | 36,000 | 11,474 | ||||||
|
| |||||||
Total Thailand | 289,573 | |||||||
Turkey – 0.2% | ||||||||
Turk Traktor ve Ziraat Makineleri AS | 2,685 | 78,431 | ||||||
United Kingdom – 4.8% | ||||||||
A.G. Barr PLC | 5,275 | 34,144 | ||||||
BGEO Group PLC* | 260 | 9,113 | ||||||
Big Yellow Group PLC | 4,911 | 51,273 | ||||||
Bodycote PLC | 13,235 | 91,117 | ||||||
Brewin Dolphin Holdings PLC | 10,172 | 32,744 | ||||||
Countrywide PLC | 3,900 | 12,804 | ||||||
Dairy Crest Group PLC | 6,562 | 47,150 | ||||||
Debenhams PLC | 65,212 | 48,208 | ||||||
Dignity PLC | 1,162 | 39,921 | ||||||
Diploma PLC | 4,295 | 47,856 | ||||||
Drax Group PLC | 17,433 | 75,436 | ||||||
Electrocomponents PLC | 25,660 | 89,255 | ||||||
EMIS Group PLC | 2,461 | 30,349 | ||||||
esure Group PLC | 13,011 | 49,762 | ||||||
Ferroglobe PLC | 4,939 | 42,525 | ||||||
Fidessa Group PLC | 2,039 | 53,561 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 75 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2016
Investments | Shares | Value | ||||||
Foxtons Group PLC | 1,535 | $ | 2,288 | |||||
Genus PLC | 1,484 | 31,047 | ||||||
Go-Ahead Group PLC | 1,680 | 43,928 | ||||||
Greggs PLC | 2,993 | 38,810 | ||||||
Halfords Group PLC | 11,025 | 47,383 | ||||||
Home Retail Group PLC | 16,004 | 32,712 | ||||||
Hunting PLC | 5,425 | 34,810 | ||||||
J D Wetherspoon PLC | 3,497 | 33,004 | ||||||
JRP Group PLC | 5,000 | 7,352 | ||||||
Ladbrokes PLC | 50,382 | 75,163 | ||||||
Laird PLC | 10,270 | 45,113 | ||||||
Lookers PLC | 13,907 | 19,892 | ||||||
Marshalls PLC | 6,198 | 19,703 | ||||||
Marston’s PLC | 26,877 | 48,397 | ||||||
Mitie Group PLC | 15,614 | 51,765 | ||||||
Morgan Advanced Materials PLC | 13,277 | 41,195 | ||||||
N Brown Group PLC | 13,095 | 30,494 | ||||||
NCC Group PLC | 7,302 | 25,750 | ||||||
Novae Group PLC | 2,867 | 28,764 | ||||||
OneSavings Bank PLC | 4,953 | 14,017 | ||||||
PayPoint PLC | 350 | 4,225 | ||||||
Photo-Me International PLC | 3,800 | 6,934 | ||||||
Polypipe Group PLC | 7,178 | 24,987 | ||||||
Poundland Group PLC | 1,489 | 4,110 | ||||||
Rank Group PLC | 13,725 | 39,282 | ||||||
Safestore Holdings PLC | 7,610 | 37,559 | ||||||
Senior PLC | 3,000 | 8,241 | ||||||
SIG PLC | 3,998 | 6,013 | ||||||
St. Modwen Properties PLC | 2,000 | 7,176 | ||||||
Synthomer PLC | 11,165 | 48,448 | ||||||
Telecom Plus PLC | 3,133 | 43,641 | ||||||
Tullett Prebon PLC | 9,808 | 39,885 | ||||||
Vesuvius PLC | 14,323 | 54,933 | ||||||
Zoopla Property Group PLC(a) | 857 | 3,047 | ||||||
|
| |||||||
Total United Kingdom | 1,755,286 | |||||||
United States – 50.0% | ||||||||
A. Schulman, Inc. | 1,862 | 45,470 | ||||||
AAON, Inc. | 829 | 22,806 | ||||||
Abaxis, Inc. | 351 | 16,578 | ||||||
Abercrombie & Fitch Co. Class A | 7,820 | 139,274 | ||||||
ABM Industries, Inc. | 3,385 | 123,485 | ||||||
Advanced Drainage Systems, Inc. | 304 | 8,320 | ||||||
Alexander & Baldwin, Inc. | 177 | 6,397 | ||||||
Allegheny Technologies, Inc. | 11,837 | 150,922 | ||||||
Alon USA Energy, Inc. | 1,500 | 9,720 | ||||||
American States Water Co. | 2,601 | 113,976 | ||||||
AMERISAFE, Inc. | 112 | 6,857 | ||||||
Andersons, Inc. (The) | 1,414 | 50,254 | ||||||
Apogee Enterprises, Inc. | 403 | 18,679 | ||||||
Applied Industrial Technologies, Inc. | 3,049 | 137,632 | ||||||
Archrock, Inc. | 5,359 | 50,482 | ||||||
Artisan Partners Asset Management, Inc. Class A | 4,197 | 116,173 | ||||||
Astoria Financial Corp. | 2,643 | 40,517 | ||||||
ATN International, Inc. | 700 | $ | 54,467 | |||||
Axiall Corp. | 6,730 | 219,465 | ||||||
AZZ, Inc. | 1,050 | 62,979 | ||||||
Badger Meter, Inc. | 616 | 44,986 | ||||||
BancFirst Corp. | 459 | 27,687 | ||||||
Banner Corp. | 230 | 9,784 | ||||||
BBCN Bancorp, Inc. | 4,099 | 61,157 | ||||||
BGC Partners, Inc. Class A | 22,232 | 193,641 | ||||||
Bob Evans Farms, Inc. | 1,946 | 73,851 | ||||||
Boston Private Financial Holdings, Inc. | 4,603 | 54,223 | ||||||
Brady Corp. Class A | 4,869 | 148,797 | ||||||
Briggs & Stratton Corp. | 3,357 | 71,101 | ||||||
Brink’s Co. (The) | 1,987 | 56,610 | ||||||
Bristow Group, Inc. | 4,085 | 46,610 | ||||||
Caleres, Inc. | 578 | 13,993 | ||||||
California Water Service Group | 4,323 | 151,002 | ||||||
Capitol Federal Financial, Inc. | 16,475 | 229,826 | ||||||
Carpenter Technology Corp. | 3,063 | 100,865 | ||||||
Cato Corp. (The) Class A | 2,559 | 96,525 | ||||||
Chemical Financial Corp. | 1,792 | 66,824 | ||||||
Chesapeake Lodging Trust | 4,883 | 113,530 | ||||||
Children’s Place, Inc. (The) | 506 | 40,571 | ||||||
ClubCorp Holdings, Inc. | 4,337 | 56,381 | ||||||
Coca-Cola Bottling Co. Consolidated | 65 | 9,586 | ||||||
Cogent Communications Holdings, Inc. | 6,129 | 245,528 | ||||||
Cohen & Steers, Inc. | 5,863 | 237,100 | ||||||
Colony Starwood Homes | 1,086 | 33,036 | ||||||
Comfort Systems USA, Inc. | 581 | 18,923 | ||||||
Commercial Metals Co. | 9,584 | 161,970 | ||||||
Community Bank System, Inc. | 2,267 | 93,151 | ||||||
CONMED Corp. | 1,414 | 67,490 | ||||||
Consolidated Communications Holdings, Inc. | 9,654 | 262,975 | ||||||
Core-Mark Holding Co., Inc. | 728 | 34,114 | ||||||
CoreSite Realty Corp. | 1,526 | 135,341 | ||||||
CSG Systems International, Inc. | 2,225 | 89,690 | ||||||
Cubic Corp. | 686 | 27,550 | ||||||
CVB Financial Corp. | 5,499 | 90,129 | ||||||
Dean Foods Co. | 4,519 | 81,749 | ||||||
Delek U.S. Holdings, Inc. | 3,600 | 47,556 | ||||||
DeVry Education Group, Inc. | 1,500 | 26,760 | ||||||
DineEquity, Inc. | 1,918 | 162,608 | ||||||
Dolby Laboratories, Inc. Class A | 1,736 | 83,068 | ||||||
DuPont Fabros Technology, Inc. | 7,024 | 333,921 | ||||||
EastGroup Properties, Inc. | 2,323 | 160,101 | ||||||
Ebix, Inc. | 1,288 | 61,695 | ||||||
Education Realty Trust, Inc. | 3,763 | 173,625 | ||||||
El Paso Electric Co. | 3,483 | 164,641 | ||||||
Empire District Electric Co. (The) | 5,611 | 190,606 | ||||||
Ensign Group, Inc. (The) | 380 | 7,984 | ||||||
ESCO Technologies, Inc. | 952 | 38,023 | ||||||
Essendant, Inc. | 1,932 | 59,042 | ||||||
Exponent, Inc. | 1,064 | 62,148 | ||||||
FBL Financial Group, Inc. Class A | 1,218 | 73,896 | ||||||
Federal Signal Corp. | 2,993 | 38,550 |
See Notes to Financial Statements.
76 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2016
Investments | Shares | Value | ||||||
Fidelity & Guaranty Life | 668 | $ | 15,484 | |||||
Finish Line, Inc. (The) Class A | 2,937 | 59,298 | ||||||
First Financial Bancorp | 3,735 | 72,646 | ||||||
First Merchants Corp. | 1,260 | 31,412 | ||||||
First Midwest Bancorp, Inc. | 3,441 | 60,424 | ||||||
Forward Air Corp. | 1,134 | 50,497 | ||||||
Franklin Electric Co., Inc. | 2,015 | 66,596 | ||||||
Franklin Street Properties Corp. | 11,131 | 136,577 | ||||||
G&K Services, Inc. Class A | 1,092 | 83,614 | ||||||
Government Properties Income Trust | 12,075 | 278,449 | ||||||
Gramercy Property Trust | 41,357 | 381,312 | ||||||
Granite Construction, Inc. | 1,918 | 87,365 | ||||||
Greenbrier Cos., Inc. (The) | 1,498 | 43,637 | ||||||
H.B. Fuller Co. | 1,973 | 86,792 | ||||||
Heartland Express, Inc. | 1,512 | 26,294 | ||||||
Herman Miller, Inc. | 3,273 | 97,830 | ||||||
Hersha Hospitality Trust | 4,015 | 68,857 | ||||||
Hillenbrand, Inc. | 4,981 | 149,629 | ||||||
Horace Mann Educators Corp. | 2,253 | 76,129 | ||||||
Independent Bank Corp. | 1,246 | 56,942 | ||||||
Infinity Property & Casualty Corp. | 215 | 17,342 | ||||||
Innospec, Inc. | 882 | 40,563 | ||||||
Insperity, Inc. | 1,484 | 114,609 | ||||||
Interface, Inc. | 700 | 10,675 | ||||||
International Bancshares Corp. | 2,881 | 75,165 | ||||||
Intersil Corp. Class A | 14,313 | 193,798 | ||||||
Interval Leisure Group, Inc. | 4,267 | 67,845 | ||||||
Investors Real Estate Trust | 13,431 | 86,899 | ||||||
John Bean Technologies Corp. | 535 | 32,753 | ||||||
Joy Global, Inc. | 13,039 | 275,644 | ||||||
Kaiser Aluminum Corp. | 840 | 75,944 | ||||||
Kaman Corp. | 1,568 | 66,671 | ||||||
KB Home | 1,160 | 17,644 | ||||||
Kindred Healthcare, Inc. | 7,386 | 83,388 | ||||||
Knoll, Inc. | 3,105 | 75,389 | ||||||
La-Z-Boy, Inc. | 2,043 | 56,836 | ||||||
LegacyTexas Financial Group, Inc. | 1,680 | 45,209 | ||||||
Lexmark International, Inc. Class A | 7,764 | 293,091 | ||||||
LTC Properties, Inc. | 2,797 | 144,689 | ||||||
Mack-Cali Realty Corp. | 4,799 | 129,573 | ||||||
Matson, Inc. | 2,029 | 65,516 | ||||||
Matthews International Corp. Class A | 1,092 | 60,759 | ||||||
MDC Holdings, Inc. | 5,415 | 131,801 | ||||||
Meredith Corp. | 4,113 | 213,506 | ||||||
Methode Electronics, Inc. | 755 | 25,844 | ||||||
MGE Energy, Inc. | 2,853 | 161,237 | ||||||
Minerals Technologies, Inc. | 504 | 28,627 | ||||||
Mobile Mini, Inc. | 2,867 | 99,313 | ||||||
Monotype Imaging Holdings, Inc. | 2,043 | 50,319 | ||||||
MSA Safety, Inc. | 3,049 | 160,164 | ||||||
Mueller Industries, Inc. | 1,973 | 62,899 | ||||||
Mueller Water Products, Inc. Class A | 5,751 | 65,676 | ||||||
NBT Bancorp, Inc. | 2,559 | 73,264 | ||||||
Neenah Paper, Inc. | 952 | 68,896 | ||||||
Nelnet, Inc. Class A | 474 | $ | 16,472 | |||||
New York REIT, Inc. | 12,326 | 114,016 | ||||||
Nexstar Broadcasting Group, Inc. Class A | 1,330 | 63,281 | ||||||
Northwest Bancshares, Inc. | 6,465 | 95,876 | ||||||
Northwest Natural Gas Co. | 2,923 | 189,469 | ||||||
Old National Bancorp | 6,772 | 84,853 | ||||||
Olin Corp. | 9,766 | 242,587 | ||||||
Ormat Technologies, Inc. | 448 | 19,604 | ||||||
Otter Tail Corp. | 4,435 | 148,528 | ||||||
Oxford Industries, Inc. | 456 | 25,819 | ||||||
Park National Corp. | 1,050 | 96,369 | ||||||
Parkway Properties, Inc. | 8,884 | 148,629 | ||||||
Pattern Energy Group, Inc. | 11,039 | 253,566 | ||||||
Pennsylvania Real Estate Investment Trust | 5,219 | 111,948 | ||||||
Physicians Realty Trust | 5,303 | 111,416 | ||||||
Potlatch Corp. | 3,791 | 129,273 | ||||||
Power Integrations, Inc. | 1,176 | 58,882 | ||||||
Primoris Services Corp. | 715 | 13,535 | ||||||
Provident Financial Services, Inc. | 3,399 | 66,756 | ||||||
QTS Realty Trust, Inc. Class A | 2,155 | 120,637 | ||||||
Quaker Chemical Corp. | 602 | 53,698 | ||||||
Ramco-Gershenson Properties Trust | 6,674 | 130,877 | ||||||
Renasant Corp. | 1,512 | 48,883 | ||||||
Rent-A-Center, Inc. | 5,723 | 70,278 | ||||||
Retail Opportunity Investments Corp. | 6,716 | 145,536 | ||||||
Rouse Properties, Inc. | 4,547 | 82,983 | ||||||
S&T Bancorp, Inc. | 1,470 | 35,942 | ||||||
Sabra Health Care REIT, Inc. | 7,302 | 150,677 | ||||||
Sanderson Farms, Inc. | 938 | 81,268 | ||||||
Saul Centers, Inc. | 1,372 | 84,666 | ||||||
Scholastic Corp. | 1,456 | 57,672 | ||||||
Schweitzer-Mauduit International, Inc. | 3,371 | 118,929 | ||||||
SeaWorld Entertainment, Inc. | 11,333 | 162,402 | ||||||
Select Income REIT | 12,572 | 326,746 | ||||||
Selective Insurance Group, Inc. | 2,169 | 82,877 | ||||||
ServisFirst Bancshares, Inc. | 462 | 22,818 | ||||||
Shenandoah Telecommunications Co. | 1,736 | 67,808 | ||||||
Simmons First National Corp. Class A | 1,050 | 48,494 | ||||||
Simpson Manufacturing Co., Inc. | 2,447 | 97,807 | ||||||
Sinclair Broadcast Group, Inc. Class A | 4,533 | 135,355 | ||||||
SkyWest, Inc. | 1,156 | 30,588 | ||||||
Sonic Corp. | 2,393 | 64,731 | ||||||
South Jersey Industries, Inc. | 7,372 | 233,103 | ||||||
SpartanNash Co. | 2,295 | 70,181 | ||||||
STAG Industrial, Inc. | 7,792 | 185,528 | ||||||
Standex International Corp. | 392 | 32,391 | ||||||
State Auto Financial Corp. | 971 | 21,275 | ||||||
Steelcase, Inc. Class A | 5,779 | 78,421 | ||||||
Stepan Co. | 1,078 | 64,173 | ||||||
Stewart Information Services Corp. | 377 | 15,612 | ||||||
Sturm Ruger & Co., Inc. | 980 | 62,730 | ||||||
Summit Hotel Properties, Inc. | 6,157 | 81,519 | ||||||
Tahoe Resources, Inc. | 273 | 4,068 | ||||||
Tennant Co. | 882 | 47,513 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 77 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2016
Investments | Shares | Value | ||||||
Terreno Realty Corp. | 2,825 | $ | 73,083 | |||||
Tessera Technologies, Inc. | 3,399 | 104,145 | ||||||
Tetra Tech, Inc. | 2,169 | 66,686 | ||||||
Tootsie Roll Industries, Inc. | 557 | 21,461 | ||||||
Towne Bank | 2,295 | 49,687 | ||||||
Trustmark Corp. | 4,677 | 116,223 | ||||||
U.S. Ecology, Inc. | 899 | 41,309 | ||||||
Union Bankshares Corp. | 2,057 | 50,828 | ||||||
United Community Banks, Inc. | 500 | 9,145 | ||||||
United Fire Group, Inc. | 1,400 | 59,402 | ||||||
United States Steel Corp. | 7,316 | 123,348 | ||||||
Universal Corp. | 2,517 | 145,332 | ||||||
Universal Forest Products, Inc. | 798 | 73,967 | ||||||
Universal Insurance Holdings, Inc. | 1,120 | 20,810 | ||||||
Vishay Intertechnology, Inc. | 9,024 | 111,807 | ||||||
Washington Real Estate Investment Trust | 5,275 | 165,951 | ||||||
Watts Water Technologies, Inc. Class A | 1,148 | 66,882 | ||||||
WD-40 Co. | 756 | 88,792 | ||||||
Weis Markets, Inc. | 2,141 | 108,228 | ||||||
WesBanco, Inc. | 1,722 | 53,468 | ||||||
Westamerica Bancorporation | 1,582 | 77,929 | ||||||
Worthington Industries, Inc. | 4,589 | 194,115 | ||||||
|
| |||||||
Total United States | 18,357,968 | |||||||
TOTAL COMMON STOCKS (Cost: $31,651,392) | 36,567,541 | |||||||
RIGHTS – 0.0% | ||||||||
New Zealand – 0.0% | ||||||||
SKYCITY Entertainment Group Ltd., expiring 7/5/16* (Cost $0) | 3,209 | 411 | ||||||
WARRANTS – 0.0% | ||||||||
Thailand – 0.0% | ||||||||
Banpu PCL, expiring 6/5/17* (Cost: $0) | 57,200 | 14,976 | ||||||
EXCHANGE-TRADED NOTE –0.1% | ||||||||
United States – 0.1% | ||||||||
iPath MSCI India Index ETN* (Cost: $37,286) | 630 | 40,982 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $31,688,678) | 36,623,910 | |||||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.3% | 92,161 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 36,716,071 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
ETN – Exchange-Traded Note
GDR – Global Depositary Receipt
NVDR – Non-Voting Depositary Receipt
Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/1/2016 | JPY | 1,100,000 | GBP | 7,933 | $ | (117 | ) | |||||||||||||
7/1/2016 | MXN | 7,000 | USD | 378 | (2 | ) | ||||||||||||||
7/1/2016 | NOK | 5,850 | USD | 697 | (2 | ) | ||||||||||||||
7/1/2016 | PLN | 2,750 | USD | 690 | (4 | ) | ||||||||||||||
7/1/2016 | SGD | 1,000 | USD | 742 | (1 | ) | ||||||||||||||
7/1/2016 | USD | 9,176 | GBP | 6,800 | (86 | ) | ||||||||||||||
7/1/2016 | USD | 79 | GBP | 60 | 1 | |||||||||||||||
7/1/2016 | USD | 11,478 | SEK | 97,250 | — | |||||||||||||||
7/5/2016 | THB | 435,000 | USD | 12,370 | (9 | ) | ||||||||||||||
$ | (220 | ) |
CURRENCY LEGEND |
GBP – British pound
JPY – Japanese yen
MXN – Mexican peso
NOK – Norwegian krone
PLN – Polish zloty
SEK – Swedish krona
SGD – Singapore dollar
THB – Thai baht
USD – U.S. dollar
See Notes to Financial Statements.
78 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
Brazil – 3.2% | ||||||||
Embraer S.A. | 8,970 | $ | 48,997 | |||||
Iochpe Maxion S.A. | 9,510 | 40,667 | ||||||
JBS S.A. | 24,827 | 77,494 | ||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A. | 6,844 | 58,747 | ||||||
|
| |||||||
Total Brazil | 225,905 | |||||||
Chile – 0.5% | ||||||||
Vina Concha y Toro S.A. | 23,076 | 36,427 | ||||||
China – 2.6% | ||||||||
Minth Group Ltd. | 22,000 | 71,037 | ||||||
Semiconductor Manufacturing International Corp.* | 423,000 | 33,805 | ||||||
WH Group Ltd.(a) | 104,500 | 81,898 | ||||||
|
| |||||||
Total China | 186,740 | |||||||
India – 15.3% | ||||||||
Aurobindo Pharma Ltd. | 3,744 | 41,187 | ||||||
Bharat Forge Ltd. | 6,970 | 78,509 | ||||||
Cadila Healthcare Ltd. | 19,636 | 95,482 | ||||||
Dishman Pharmaceuticals & Chemicals Ltd. | 32,616 | 67,291 | ||||||
Dr Reddy’s Laboratories Ltd. ADR | 900 | 46,107 | ||||||
Glenmark Pharmaceuticals Ltd. | 6,235 | 73,814 | ||||||
Granules India Ltd. | 26,423 | 54,083 | ||||||
HCL Technologies Ltd. | 2,665 | 28,841 | ||||||
Infosys Ltd. ADR | 3,335 | 59,530 | ||||||
Lupin Ltd. | 3,925 | 89,537 | ||||||
Mindtree Ltd. | 5,488 | 54,059 | ||||||
Strides Shasun Ltd. | 1,113 | 18,615 | ||||||
Sun Pharmaceutical Industries Ltd. | 6,212 | 70,233 | ||||||
Suven Life Sciences Ltd. | 2,382 | 7,277 | ||||||
TAKE Solutions Ltd. | 10,447 | 27,187 | ||||||
Tata Consultancy Services Ltd. | 1,480 | 55,983 | ||||||
Tata Elxsi Ltd. | 1,547 | 38,896 | ||||||
Tata Global Beverages Ltd. | 36,552 | 71,051 | ||||||
Tech Mahindra Ltd. | 5,206 | 39,009 | ||||||
Wipro Ltd. ADR(b) | 536 | 6,625 | ||||||
Wockhardt Ltd.* | 5,011 | 69,335 | ||||||
|
| |||||||
Total India | 1,092,651 | |||||||
Malaysia – 3.0% | ||||||||
Genting Malaysia Bhd | 57,600 | 63,579 | ||||||
MISC Bhd | 20,000 | 37,009 | ||||||
Supermax Corp. Bhd | 130,100 | 69,382 | ||||||
VS Industry Bhd | 157,300 | 46,041 | ||||||
|
| |||||||
Total Malaysia | 216,011 | |||||||
Mexico – 6.7% | ||||||||
Alfa S.A.B. de C.V. Class A | 43,670 | 74,514 | ||||||
Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A* | 28,800 | 53,606 | ||||||
Genomma Lab Internacional S.A.B. de C.V. Class B* | 67,600 | 68,666 | ||||||
Gruma S.A.B. de C.V. Class B | 6,744 | 96,430 | ||||||
Grupo Bimbo S.A.B. de C.V. Series A | 23,865 | 74,017 | ||||||
Grupo Comercial Chedraui S.A. de C.V.(b) | 9,191 | 22,772 | ||||||
Industrias Bachoco S.A.B. de C.V. Series B | 9,689 | 39,535 | ||||||
Nemak S.A.B. de C.V.(a)(b) | 44,900 | 52,081 | ||||||
|
| |||||||
Total Mexico | 481,621 | |||||||
Philippines – 1.3% | ||||||||
International Container Terminal Services, Inc. | 27,610 | 36,092 | ||||||
Jollibee Foods Corp. | 10,940 | 56,272 | ||||||
|
| |||||||
Total Philippines | 92,364 | |||||||
Poland – 0.3% | ||||||||
CD Projekt S.A.* | 3,374 | 23,337 | ||||||
Singapore – 0.4% | ||||||||
IGG, Inc. | 70,000 | 30,317 | ||||||
South Africa – 0.5% | ||||||||
DataTec Ltd. | 10,454 | 31,301 | ||||||
South Korea – 28.2% | ||||||||
AeroSpace Technology of Korea, Inc.* | 3,795 | 70,177 | ||||||
Chabiotech Co., Ltd.* | 4,289 | 57,529 | ||||||
Com2uS Corp.* | 386 | 44,067 | ||||||
Dongkuk Structures & Construction Co., Ltd. | 10,579 | 58,688 | ||||||
Doosan Corp. | 819 | 66,268 | ||||||
Doosan Infracore Co., Ltd.* | 8,457 | 50,000 | ||||||
Gamevil, Inc.* | 405 | 29,816 | ||||||
Genexine Co., Ltd.* | 867 | 44,259 | ||||||
Hankook Tire Co., Ltd. | 2,359 | 104,448 | ||||||
Hansae Co., Ltd. | 736 | 24,089 | ||||||
Humax Co., Ltd. | 922 | 10,886 | ||||||
Hyundai Corp. | 1,290 | 25,871 | ||||||
Hyundai Glovis Co., Ltd. | 618 | 92,015 | ||||||
Hyundai Merchant Marine Co., Ltd.* | 2,169 | 27,681 | ||||||
Hyundai Motor Co. | 1,350 | 158,810 | ||||||
i-SENS, Inc.* | 1,863 | 59,359 | ||||||
Kia Motors Corp. | 2,662 | 99,838 | ||||||
Koh Young Technology, Inc. | 1,047 | 37,222 | ||||||
Kumho Tire Co., Inc.* | 7,649 | 63,418 | ||||||
LG Electronics, Inc. | 1,891 | 88,488 | ||||||
LS Corp. | 1,537 | 74,858 | ||||||
NCSoft Corp. | 254 | 52,042 | ||||||
Nexen Tire Corp. | 4,187 | 47,982 | ||||||
S&T Motiv Co., Ltd. | 980 | 55,473 | ||||||
Samick Musical Instruments Co., Ltd. | 12,491 | 29,605 | ||||||
Samsung Electronics Co., Ltd. | 351 | 434,236 | ||||||
SK Hynix, Inc. | 2,548 | 71,672 | ||||||
SL Corp. | 332 | 4,151 | ||||||
Sung Kwang Bend Co., Ltd. | 4,208 | 33,610 | ||||||
|
| |||||||
Total South Korea | 2,016,558 | |||||||
Taiwan – 35.3% | ||||||||
Accton Technology Corp. | 44,000 | 58,923 | ||||||
Adlink Technology, Inc. | 11,223 | 23,136 | ||||||
Advanced Semiconductor Engineering, Inc. | 46,000 | 52,261 | ||||||
Advantech Co., Ltd. | 5,000 | 37,896 | ||||||
Aerospace Industrial Development Corp. | 26,000 | 35,463 | ||||||
Alpha Networks, Inc. | 53,000 | 30,559 | ||||||
Asia Optical Co., Inc.* | 33,000 | 27,109 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 79 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
June 30, 2016
Investments | Shares | Value | ||||||
Asustek Computer, Inc. | 7,000 | $ | 57,612 | |||||
Bizlink Holding, Inc. | 10,000 | 61,068 | ||||||
Cheng Uei Precision Industry Co., Ltd. | 16,000 | 20,782 | ||||||
Chin-Poon Industrial Co., Ltd. | 19,000 | 40,816 | ||||||
China Airlines Ltd.* | 226,000 | 67,886 | ||||||
CMC Magnetics Corp.* | 95,000 | 11,073 | ||||||
Compal Electronics, Inc. | 73,000 | 45,824 | ||||||
Cub Elecparts, Inc. | 4,000 | 44,763 | ||||||
CyberTAN Technology, Inc. | 58,000 | 33,712 | ||||||
Delta Electronics, Inc.* | 14,000 | 67,702 | ||||||
Depo Auto Parts Ind Co., Ltd. | 6,000 | 18,227 | ||||||
Eclat Textile Co., Ltd. | 5,022 | 48,338 | ||||||
Eva Airways Corp.* | 124,000 | 56,505 | ||||||
Evergreen Marine Corp. Taiwan Ltd. | 108,000 | 40,007 | ||||||
Feng TAY Enterprise Co., Ltd. | 12,000 | 49,475 | ||||||
Flytech Technology Co., Ltd. | 8,000 | 25,295 | ||||||
General Interface Solution Holding Ltd. | 3,000 | 7,300 | ||||||
Getac Technology Corp. | 42,000 | 29,489 | ||||||
Global Unichip Corp. | 6,000 | 13,615 | ||||||
Hon Hai Precision Industry Co., Ltd. | 50,000 | 127,871 | ||||||
Hota Industrial Manufacturing Co., Ltd. | 13,000 | 60,448 | ||||||
IEI Integration Corp. | 12,000 | 14,266 | ||||||
Inventec Corp. | 38,000 | 26,917 | ||||||
Johnson Health Tech Co., Ltd. | 7,000 | 10,220 | ||||||
Kenda Rubber Industrial Co., Ltd. | 12,000 | 19,009 | ||||||
King Slide Works Co., Ltd. | 5,000 | 58,433 | ||||||
Lite-On Technology Corp. | 33,000 | 45,113 | ||||||
Makalot Industrial Co., Ltd. | 9,000 | 41,988 | ||||||
Micro-Star International Co., Ltd. | 19,000 | 34,809 | ||||||
Nan Ya Printed Circuit Board Corp. | 16,000 | 14,433 | ||||||
Orient Semiconductor Electronics Ltd.* | 35,000 | 13,237 | ||||||
Pegatron Corp. | 15,000 | 31,526 | ||||||
Pihsiang Machinery Manufacturing Co., Ltd. | 6,000 | 12,703 | ||||||
Posiflex Technology, Inc. | 3,000 | 14,415 | ||||||
Pou Chen Corp. | 72,000 | 96,085 | ||||||
Primax Electronics Ltd. | 37,000 | 48,230 | ||||||
Qisda Corp. | 86,000 | 30,392 | ||||||
Quanta Computer, Inc. | 22,000 | 41,601 | ||||||
ScinoPharm Taiwan Ltd. | 48,000 | 64,949 | ||||||
Sercomm Corp.* | 13,000 | 29,015 | ||||||
Siliconware Precision Industries Co., Ltd. | 27,000 | 40,970 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 57,000 | 287,129 | ||||||
Tong Hsing Electronic Industries Ltd. | 9,000 | 31,666 | ||||||
Tong Yang Industry Co., Ltd. | 63,000 | 93,351 | ||||||
TYC Brother Industrial Co., Ltd. | 60,000 | 48,917 | ||||||
Visual Photonics Epitaxy Co., Ltd.* | 16,000 | 24,254 | ||||||
Vivotek, Inc. | 14,000 | 37,236 | ||||||
Wistron NeWeb Corp. | 9,000 | 22,905 | ||||||
WUS Printed Circuit Co., Ltd. | 32,000 | 28,321 | ||||||
Yang Ming Marine Transport Corp.* | 197,000 | 47,939 | ||||||
Zeng Hsing Industrial Co., Ltd. | 3,000 | 13,903 | ||||||
Zinwell Corp. | 9,000 | 11,104 | ||||||
|
| |||||||
Total Taiwan | 2,528,191 | |||||||
Thailand – 2.1% | ||||||||
Delta Electronics Thailand PCL NVDR | 13,300 | 25,832 | ||||||
KCE Electronics PCL NVDR | 13,600 | 32,220 | ||||||
Thai Union Group PCL NVDR | 69,000 | 43,198 | ||||||
TTCL PCL NVDR | 78,000 | 48,611 | ||||||
|
| |||||||
Total Thailand | 149,861 | |||||||
Turkey – 0.4% | ||||||||
EGE Endustri VE Ticaret AS | 326 | 26,868 | ||||||
TOTAL COMMON STOCKS (Cost: $6,918,548) | 7,138,152 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6% | ||||||||
United States – 0.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio, 0.52%(c) (Cost: $46,548)(d) | 46,548 | 46,548 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.4% (Cost: $6,965,096) | 7,184,700 | |||||||
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.4)% | (29,121 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 7,155,579 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(b) | Security, or portion thereof, was on loan at June 30, 2016 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of June 30, 2016. |
(d) | At June 30, 2016, the total market value of the Fund’s securities on loan was $43,449 and the total market value of the collateral held by the Fund was $46,548. |
ADR – American Depositary Receipt
NVDR – Non-Voting Depositary Receipt
See Notes to Financial Statements.
80 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Strong Dollar U.S. Equity Fund (USSD)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.8% | ||||||||
United States – 100.8% | ||||||||
Aerospace & Defense – 1.5% | ||||||||
Huntington Ingalls Industries, Inc. | 44 | $ | 7,393 | |||||
Northrop Grumman Corp. | 31 | 6,891 | ||||||
Spirit AeroSystems Holdings, Inc. Class A* | 119 | 5,117 | ||||||
|
| |||||||
Total Aerospace & Defense | 19,401 | |||||||
Air Freight & Logistics – 0.6% | ||||||||
C.H. Robinson Worldwide, Inc. | 101 | 7,499 | ||||||
Airlines – 0.9% | ||||||||
Alaska Air Group, Inc. | 84 | 4,897 | ||||||
Southwest Airlines Co. | 163 | 6,391 | ||||||
|
| |||||||
Total Airlines | 11,288 | |||||||
Banks – 6.9% | ||||||||
Bank of America Corp. | 804 | 10,669 | ||||||
BB&T Corp. | 154 | 5,484 | ||||||
Citizens Financial Group, Inc. | 232 | 4,635 | ||||||
Comerica, Inc. | 105 | 4,319 | ||||||
Fifth Third Bancorp | 239 | 4,204 | ||||||
First Republic Bank | 61 | 4,269 | ||||||
Huntington Bancshares, Inc. | 419 | 3,746 | ||||||
KeyCorp | 386 | 4,265 | ||||||
M&T Bank Corp. | 42 | 4,966 | ||||||
PNC Financial Services Group, Inc. (The) | 83 | 6,755 | ||||||
Regions Financial Corp. | 562 | 4,783 | ||||||
Signature Bank* | 26 | 3,248 | ||||||
SunTrust Banks, Inc. | 156 | 6,409 | ||||||
U.S. Bancorp | 177 | 7,138 | ||||||
Wells Fargo & Co. | 309 | 14,625 | ||||||
|
| |||||||
Total Banks | 89,515 | |||||||
Beverages – 1.2% | ||||||||
Constellation Brands, Inc. Class A | 56 | 9,262 | ||||||
Dr. Pepper Snapple Group, Inc. | 66 | 6,378 | ||||||
|
| |||||||
Total Beverages | 15,640 | |||||||
Biotechnology – 1.7% | ||||||||
Incyte Corp.* | 78 | 6,238 | ||||||
Medivation, Inc.* | 180 | 10,854 | ||||||
United Therapeutics Corp.* | 43 | 4,555 | ||||||
|
| |||||||
Total Biotechnology | 21,647 | |||||||
Building Products – 0.4% | ||||||||
Fortune Brands Home & Security, Inc. | 95 | 5,507 | ||||||
Capital Markets – 2.2% | ||||||||
Ameriprise Financial, Inc. | 41 | 3,684 | ||||||
Charles Schwab Corp. (The) | 232 | 5,872 | ||||||
E*TRADE Financial Corp.* | 216 | 5,074 | ||||||
Raymond James Financial, Inc. | 72 | 3,549 | ||||||
SEI Investments Co. | 79 | 3,801 | ||||||
T. Rowe Price Group, Inc. | 54 | 3,940 | ||||||
TD Ameritrade Holding Corp. | 88 | 2,506 | ||||||
|
| |||||||
Total Capital Markets | 28,426 | |||||||
Commercial Services & Supplies – 1.6% | ||||||||
Cintas Corp. | 41 | $ | 4,023 | |||||
Republic Services, Inc. | 109 | 5,593 | ||||||
Rollins, Inc. | 110 | 3,220 | ||||||
Waste Management, Inc. | 121 | 8,019 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 20,855 | |||||||
Communications Equipment – 0.5% | ||||||||
Harris Corp. | 71 | 5,924 | ||||||
Consumer Finance – 1.4% | ||||||||
Ally Financial, Inc.* | 159 | 2,714 | ||||||
Capital One Financial Corp. | 82 | 5,208 | ||||||
Discover Financial Services | 75 | 4,019 | ||||||
Synchrony Financial* | 219 | 5,537 | ||||||
|
| |||||||
Total Consumer Finance | 17,478 | |||||||
Distributors – 0.4% | ||||||||
Genuine Parts Co. | 55 | 5,569 | ||||||
Diversified Consumer Services – 0.7% | ||||||||
H&R Block, Inc. | 173 | 3,979 | ||||||
ServiceMaster Global Holdings, Inc.* | 125 | 4,975 | ||||||
|
| |||||||
Total Diversified Consumer Services | 8,954 | |||||||
Diversified Financial Services – 1.6% | ||||||||
Berkshire Hathaway, Inc. Class B* | 63 | 9,122 | ||||||
CBOE Holdings, Inc. | 74 | 4,930 | ||||||
Leucadia National Corp. | 216 | 3,743 | ||||||
Voya Financial, Inc. | 103 | 2,550 | ||||||
|
| |||||||
Total Diversified Financial Services | 20,345 | |||||||
Diversified Telecommunication Services – 4.5% | ||||||||
AT&T, Inc. | 490 | 21,173 | ||||||
CenturyLink, Inc. | 146 | 4,236 | ||||||
Frontier Communications Corp.(a) | 927 | 4,579 | ||||||
SBA Communications Corp. Class A* | 35 | 3,778 | ||||||
Verizon Communications, Inc. | 343 | 19,153 | ||||||
Zayo Group Holdings, Inc.* | 202 | 5,642 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 58,561 | |||||||
Electric Utilities – 6.8% | ||||||||
Alliant Energy Corp. | 116 | 4,605 | ||||||
American Electric Power Co., Inc. | 86 | 6,028 | ||||||
Avangrid, Inc. | 59 | 2,718 | ||||||
Duke Energy Corp. | 84 | 7,206 | ||||||
Edison International | 78 | 6,058 | ||||||
Entergy Corp. | 42 | 3,417 | ||||||
Eversource Energy | 89 | 5,331 | ||||||
Exelon Corp. | 130 | 4,727 | ||||||
FirstEnergy Corp. | 120 | 4,189 | ||||||
ITC Holdings Corp. | 107 | 5,010 | ||||||
NextEra Energy, Inc. | 63 | 8,215 | ||||||
PG&E Corp. | 92 | 5,881 | ||||||
Pinnacle West Capital Corp. | 73 | 5,917 | ||||||
Southern Co. (The) | 146 | 7,830 | ||||||
Westar Energy, Inc. | 72 | 4,038 | ||||||
Xcel Energy, Inc. | 154 | 6,896 | ||||||
|
| |||||||
Total Electric Utilities | 88,066 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 81 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Strong Dollar U.S. Equity Fund (USSD)
June 30, 2016
Investments | Shares | Value | ||||||
Electrical Equipment – 0.6% | ||||||||
Acuity Brands, Inc. | 19 | $ | 4,711 | |||||
Hubbell, Inc. | 33 | 3,481 | ||||||
|
| |||||||
Total Electrical Equipment | 8,192 | |||||||
Electronic Equipment, Instruments & Components – 0.4% | ||||||||
CDW Corp. | 115 | 4,609 | ||||||
Food & Staples Retailing – 2.9% | ||||||||
CVS Health Corp. | 124 | 11,872 | ||||||
Kroger Co. (The) | 172 | 6,328 | ||||||
Rite Aid Corp.* | 509 | 3,812 | ||||||
Sysco Corp. | 156 | 7,916 | ||||||
Whole Foods Market, Inc. | 213 | 6,820 | ||||||
|
| |||||||
Total Food & Staples Retailing | 36,748 | |||||||
Food Products – 3.2% | ||||||||
ConAgra Foods, Inc. | 96 | 4,590 | ||||||
Hershey Co. (The) | 49 | 5,561 | ||||||
Hormel Foods Corp. | 167 | 6,112 | ||||||
J.M. Smucker Co. (The) | 35 | 5,334 | ||||||
Pilgrim’s Pride Corp.(a) | 141 | 3,593 | ||||||
Pinnacle Foods, Inc. | 106 | 4,907 | ||||||
Tyson Foods, Inc. Class A | 80 | 5,343 | ||||||
WhiteWave Foods Co. (The)* | 113 | 5,304 | ||||||
|
| |||||||
Total Food Products | 40,744 | |||||||
Gas Utilities – 0.9% | ||||||||
AGL Resources, Inc. | 92 | 6,069 | ||||||
Atmos Energy Corp. | 63 | 5,123 | ||||||
|
| |||||||
Total Gas Utilities | 11,192 | |||||||
Health Care Equipment & Supplies – 0.6% | ||||||||
DexCom, Inc.* | 102 | 8,092 | ||||||
Health Care Providers & Services – 8.3% | ||||||||
Aetna, Inc. | 66 | 8,061 | ||||||
AmerisourceBergen Corp. | 75 | 5,949 | ||||||
Anthem, Inc. | 43 | 5,648 | ||||||
Cardinal Health, Inc. | 82 | 6,397 | ||||||
Centene Corp.* | 103 | 7,351 | ||||||
Cigna Corp. | 45 | 5,759 | ||||||
DaVita HealthCare Partners, Inc.* | 106 | 8,196 | ||||||
Express Scripts Holding Co.* | 121 | 9,172 | ||||||
HCA Holdings, Inc.* | 94 | 7,239 | ||||||
Humana, Inc. | 33 | 5,936 | ||||||
Laboratory Corp. of America Holdings* | 39 | 5,080 | ||||||
MEDNAX, Inc.* | 99 | 7,170 | ||||||
Quest Diagnostics, Inc. | 101 | 8,222 | ||||||
UnitedHealth Group, Inc. | 88 | 12,426 | ||||||
Universal Health Services, Inc. Class B | 37 | 4,962 | ||||||
|
| |||||||
Total Health Care Providers & Services | 107,568 | |||||||
Health Care Technology – 1.0% | ||||||||
athenahealth, Inc.* | 50 | 6,901 | ||||||
Cerner Corp.* | 97 | 5,684 | ||||||
|
| |||||||
Total Health Care Technology | 12,585 | |||||||
Hotels, Restaurants & Leisure – 1.6% | ||||||||
Chipotle Mexican Grill, Inc.* | 13 | $ | 5,236 | |||||
Darden Restaurants, Inc. | 94 | 5,954 | ||||||
Domino’s Pizza, Inc. | 38 | 4,992 | ||||||
Marriott International, Inc. Class A(a) | 72 | 4,785 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 20,967 | |||||||
Household Durables – 1.4% | ||||||||
D.R. Horton, Inc. | 166 | 5,226 | ||||||
Lennar Corp. Class A | 73 | 3,365 | ||||||
NVR, Inc.* | 4 | 7,122 | ||||||
PulteGroup, Inc. | 139 | 2,709 | ||||||
|
| |||||||
Total Household Durables | 18,422 | |||||||
Household Products – 0.9% | ||||||||
Church & Dwight Co., Inc. | 47 | 4,836 | ||||||
Clorox Co. (The) | 48 | 6,643 | ||||||
|
| |||||||
Total Household Products | 11,479 | |||||||
Insurance – 4.1% | ||||||||
Allstate Corp. (The) | 67 | 4,687 | ||||||
American Financial Group, Inc. | 41 | 3,031 | ||||||
Cincinnati Financial Corp. | 49 | 3,670 | ||||||
CNA Financial Corp. | 108 | 3,393 | ||||||
FNF Group | 90 | 3,375 | ||||||
Hartford Financial Services Group, Inc. (The) | 123 | 5,459 | ||||||
Lincoln National Corp. | 105 | 4,071 | ||||||
Loews Corp. | 71 | 2,917 | ||||||
Principal Financial Group, Inc. | 75 | 3,083 | ||||||
Progressive Corp. (The) | 112 | 3,752 | ||||||
Torchmark Corp. | 68 | 4,204 | ||||||
Travelers Cos., Inc. (The) | 40 | 4,761 | ||||||
Unum Group | 110 | 3,497 | ||||||
W.R. Berkley Corp. | 38 | 2,277 | ||||||
|
| |||||||
Total Insurance | 52,177 | |||||||
Internet Software & Services – 0.4% | ||||||||
CoStar Group, Inc.* | 24 | 5,248 | ||||||
IT Services – 2.5% | ||||||||
Automatic Data Processing, Inc. | 66 | 6,064 | ||||||
Broadridge Financial Solutions, Inc. | 71 | 4,629 | ||||||
Fiserv, Inc.* | 51 | 5,545 | ||||||
Jack Henry & Associates, Inc. | 63 | 5,498 | ||||||
Paychex, Inc. | 92 | 5,474 | ||||||
Vantiv, Inc. Class A* | 95 | 5,377 | ||||||
|
| |||||||
Total IT Services | 32,587 | |||||||
Media – 4.6% | ||||||||
CBS Corp. Class B Non-Voting Shares | 135 | 7,349 | ||||||
Charter Communications, Inc. Class A* | 55 | 12,575 | ||||||
Comcast Corp. Class A | 236 | 15,385 | ||||||
DISH Network Corp. Class A* | 125 | 6,550 | ||||||
Liberty Braves Group Series C* | 22 | 323 | ||||||
Liberty Media Group Series C* | 37 | 702 | ||||||
Liberty SiriusXM Group Series C* | 151 | 4,661 | ||||||
Scripps Networks Interactive, Inc. Class A | 55 | 3,425 |
See Notes to Financial Statements.
82 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Strong Dollar U.S. Equity Fund (USSD)
June 30, 2016
Investments | Shares | Value | ||||||
Sirius XM Holdings, Inc.*(a) | 1,480 | $ | 5,846 | |||||
TEGNA, Inc. | 113 | 2,618 | ||||||
|
| |||||||
Total Media | 59,434 | |||||||
Multi-Utilities – 4.6% | ||||||||
Ameren Corp. | 98 | 5,251 | ||||||
CenterPoint Energy, Inc. | 155 | 3,720 | ||||||
CMS Energy Corp. | 106 | 4,861 | ||||||
Consolidated Edison, Inc. | 86 | 6,918 | ||||||
Dominion Resources, Inc. | 88 | 6,858 | ||||||
DTE Energy Co. | 51 | 5,055 | ||||||
NiSource, Inc. | 220 | 5,835 | ||||||
Public Service Enterprise Group, Inc. | 92 | 4,288 | ||||||
SCANA Corp. | 65 | 4,918 | ||||||
TECO Energy, Inc. | 202 | 5,583 | ||||||
WEC Energy Group, Inc. | 90 | 5,877 | ||||||
|
| |||||||
Total Multi-Utilities | 59,164 | |||||||
Multiline Retail – 3.1% | ||||||||
Dollar General Corp. | 91 | 8,554 | ||||||
Dollar Tree, Inc.* | 97 | 9,141 | ||||||
Kohl’s Corp. | 134 | 5,081 | ||||||
Macy’s, Inc. | 160 | 5,378 | ||||||
Nordstrom, Inc.(a) | 105 | 3,995 | ||||||
Target Corp. | 119 | 8,309 | ||||||
|
| |||||||
Total Multiline Retail | 40,458 | |||||||
Professional Services – 0.5% | ||||||||
Verisk Analytics, Inc.* | 79 | 6,405 | ||||||
Real Estate Investment Trusts (REITs) – 9.2% | ||||||||
Alexandria Real Estate Equities, Inc. | 23 | 2,381 | ||||||
American Campus Communities, Inc. | 53 | 2,802 | ||||||
Apartment Investment & Management Co. Class A | 63 | 2,782 | ||||||
AvalonBay Communities, Inc. | 20 | 3,608 | ||||||
Boston Properties, Inc. | 20 | 2,638 | ||||||
Brixmor Property Group, Inc. | 118 | 3,122 | ||||||
Camden Property Trust | 38 | 3,360 | ||||||
Crown Castle International Corp. | 60 | 6,086 | ||||||
CubeSmart | 106 | 3,273 | ||||||
DDR Corp. | 167 | 3,029 | ||||||
Duke Realty Corp. | 127 | 3,386 | ||||||
Equity LifeStyle Properties, Inc. | 28 | 2,241 | ||||||
Equity Residential | 46 | 3,169 | ||||||
Essex Property Trust, Inc. | 14 | 3,193 | ||||||
Extra Space Storage, Inc. | 47 | 4,349 | ||||||
Federal Realty Investment Trust | 20 | 3,311 | ||||||
General Growth Properties, Inc. | 125 | 3,728 | ||||||
HCP, Inc. | 78 | 2,760 | ||||||
Host Hotels & Resorts, Inc. | 128 | 2,075 | ||||||
Kilroy Realty Corp. | 31 | 2,055 | ||||||
Kimco Realty Corp. | 112 | 3,515 | ||||||
Macerich Co. (The) | 62 | 5,294 | ||||||
Mid-America Apartment Communities, Inc. | 40 | 4,256 | ||||||
National Retail Properties, Inc. | 61 | 3,155 | ||||||
Omega Healthcare Investors, Inc. | 74 | 2,512 | ||||||
Public Storage | 20 | $ | 5,112 | |||||
Realty Income Corp. | 54 | 3,745 | ||||||
Regency Centers Corp. | 38 | 3,182 | ||||||
Simon Property Group, Inc. | 26 | 5,639 | ||||||
SL Green Realty Corp. | 23 | 2,449 | ||||||
UDR, Inc. | 86 | 3,175 | ||||||
Ventas, Inc. | 61 | 4,442 | ||||||
VEREIT, Inc. | 301 | 3,052 | ||||||
Vornado Realty Trust | 24 | 2,403 | ||||||
Welltower, Inc. | 47 | 3,580 | ||||||
|
| |||||||
Total Real Estate Investment Trusts (REITs) | 118,859 | |||||||
Road & Rail – 2.5% | ||||||||
AMERCO | 19 | 7,116 | ||||||
CSX Corp. | 160 | 4,173 | ||||||
JB Hunt Transport Services, Inc. | 35 | 2,833 | ||||||
Norfolk Southern Corp. | 66 | 5,619 | ||||||
Old Dominion Freight Line, Inc.* | 53 | 3,196 | ||||||
Union Pacific Corp. | 113 | 9,859 | ||||||
|
| |||||||
Total Road & Rail | 32,796 | |||||||
Semiconductors & Semiconductor Equipment – 0.3% | ||||||||
First Solar, Inc.* | 75 | 3,636 | ||||||
Software – 1.0% | ||||||||
Intuit, Inc. | 75 | 8,371 | ||||||
Workday, Inc. Class A* | 66 | 4,928 | ||||||
|
| |||||||
Total Software | 13,299 | |||||||
Specialty Retail – 7.3% | ||||||||
Advance Auto Parts, Inc. | 42 | 6,788 | ||||||
AutoNation, Inc.* | 74 | 3,477 | ||||||
AutoZone, Inc.* | 10 | 7,938 | ||||||
Bed Bath & Beyond, Inc. | 102 | 4,408 | ||||||
Best Buy Co., Inc. | 216 | 6,610 | ||||||
CarMax, Inc.* | 63 | 3,089 | ||||||
Home Depot, Inc. (The) | 122 | 15,578 | ||||||
L Brands, Inc. | 88 | 5,907 | ||||||
Lowe’s Cos., Inc. | 117 | 9,263 | ||||||
O’Reilly Automotive, Inc.* | 26 | 7,049 | ||||||
Ross Stores, Inc. | 148 | 8,390 | ||||||
Tractor Supply Co. | 64 | 5,836 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 38 | 9,258 | ||||||
|
| |||||||
Total Specialty Retail | 93,591 | |||||||
Textiles, Apparel & Luxury Goods – 1.2% | ||||||||
Carter’s, Inc. | 62 | 6,601 | ||||||
Hanesbrands, Inc. | 153 | 3,845 | ||||||
Under Armour, Inc. Class A*(a) | 69 | 2,769 | ||||||
Under Armour, Inc. Class C* | 69 | 2,529 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 15,744 | |||||||
Thrifts & Mortgage Finance – 0.3% | ||||||||
New York Community Bancorp, Inc. | 236 | 3,538 | ||||||
Tobacco – 1.7% | ||||||||
Altria Group, Inc. | 198 | 13,654 | ||||||
Reynolds American, Inc. | 155 | 8,359 | ||||||
|
| |||||||
Total Tobacco | 22,013 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 83 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Strong Dollar U.S. Equity Fund (USSD)
June 30, 2016
Investments | Shares | Value | ||||||
Trading Companies & Distributors – 0.8% | ||||||||
Fastenal Co. | 87 | $ | 3,862 | |||||
HD Supply Holdings, Inc.* | 176 | 6,128 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 9,990 | |||||||
Water Utilities – 0.7% | ||||||||
American Water Works Co., Inc. | 65 | 5,493 | ||||||
Aqua America, Inc. | 106 | 3,780 | ||||||
|
| |||||||
Total Water Utilities | 9,273 | |||||||
Wireless Telecommunication Services – 1.3% | ||||||||
Sprint Corp.*(a) | 1,639 | 7,425 | ||||||
T-Mobile U.S., Inc.* | 201 | 8,697 | ||||||
|
| |||||||
Total Wireless Telecommunication Services | 16,122 | |||||||
TOTAL COMMON STOCKS (Cost: $1,237,965) | 1,299,607 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.8% | ||||||||
United States – 1.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio, 0.52%(b) (Cost: $23,876)(c) | 23,876 | 23,876 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.6% (Cost: $1,261,841) | 1,323,483 | |||||||
Liabilities in Excess of Cash and Other Assets – (2.6)% | (34,165 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,289,318 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2016 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of June 30, 2016. |
(c) | At June 30, 2016, the total market value of the Fund’s securities on loan was $29,592 and the total market value of the collateral held by the Fund was $30,630. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,754. |
See Notes to Financial Statements.
84 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Weak Dollar U.S. Equity Fund (USWD)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
United States – 99.9% | ||||||||
Aerospace & Defense – 2.0% | ||||||||
Boeing Co. (The) | 59 | $ | 7,663 | |||||
Honeywell International, Inc. | 76 | 8,840 | ||||||
United Technologies Corp. | 73 | 7,486 | ||||||
|
| |||||||
Total Aerospace & Defense | 23,989 | |||||||
Air Freight & Logistics – 0.4% | ||||||||
Expeditors International of Washington, Inc. | 98 | 4,806 | ||||||
Airlines – 0.3% | ||||||||
United Continental Holdings, Inc.* | 91 | 3,735 | ||||||
Auto Components – 2.1% | ||||||||
BorgWarner, Inc. | 205 | 6,052 | ||||||
Goodyear Tire & Rubber Co. (The) | 175 | 4,490 | ||||||
Johnson Controls, Inc. | 187 | 8,277 | ||||||
Lear Corp. | 59 | 6,004 | ||||||
|
| |||||||
Total Auto Components | 24,823 | |||||||
Automobiles – 0.9% | ||||||||
Ford Motor Co. | 587 | 7,378 | ||||||
Tesla Motors, Inc.*(a) | 17 | 3,609 | ||||||
|
| |||||||
Total Automobiles | 10,987 | |||||||
Banks – 0.9% | ||||||||
CIT Group, Inc. | 97 | 3,095 | ||||||
Citigroup, Inc. | 170 | 7,207 | ||||||
|
| |||||||
Total Banks | 10,302 | |||||||
Beverages – 3.0% | ||||||||
Brown-Forman Corp. Class B | 66 | 6,584 | ||||||
Coca-Cola Co. (The) | 282 | 12,783 | ||||||
Molson Coors Brewing Co. Class B | 46 | 4,652 | ||||||
PepsiCo, Inc. | 117 | 12,395 | ||||||
|
| |||||||
Total Beverages | 36,414 | |||||||
Biotechnology – 2.0% | ||||||||
AbbVie, Inc. | 119 | 7,367 | ||||||
Alexion Pharmaceuticals, Inc.* | 29 | 3,386 | ||||||
BioMarin Pharmaceutical, Inc.* | 39 | 3,034 | ||||||
Celgene Corp.* | 69 | 6,806 | ||||||
OPKO Health, Inc.*(a) | 431 | 4,026 | ||||||
|
| |||||||
Total Biotechnology | 24,619 | |||||||
Capital Markets – 1.9% | ||||||||
BlackRock, Inc. | 22 | 7,536 | ||||||
Franklin Resources, Inc. | 156 | 5,206 | ||||||
Goldman Sachs Group, Inc. (The) | 37 | 5,497 | ||||||
Morgan Stanley | 202 | 5,248 | ||||||
|
| |||||||
Total Capital Markets | 23,487 | |||||||
Chemicals – 7.9% | ||||||||
Air Products & Chemicals, Inc. | 54 | 7,670 | ||||||
Albemarle Corp. | 107 | 8,486 | ||||||
Ashland, Inc. | 36 | 4,132 | ||||||
Celanese Corp. Series A | 62 | 4,058 | ||||||
Dow Chemical Co. (The) | 173 | 8,600 | ||||||
E.I. du Pont de Nemours & Co. | 82 | 5,314 | ||||||
Eastman Chemical Co. | 79 | 5,364 | ||||||
Ecolab, Inc. | 72 | 8,539 | ||||||
FMC Corp. | 151 | 6,993 | ||||||
International Flavors & Fragrances, Inc. | 34 | 4,286 | ||||||
Monsanto Co. | 72 | 7,445 | ||||||
Mosaic Co. (The) | 220 | 5,760 | ||||||
PPG Industries, Inc. | 38 | 3,958 | ||||||
Praxair, Inc. | 67 | 7,530 | ||||||
Valspar Corp. (The) | 72 | 7,778 | ||||||
|
| |||||||
Total Chemicals | 95,913 | |||||||
Communications Equipment – 1.6% | ||||||||
Cisco Systems, Inc. | 305 | 8,751 | ||||||
F5 Networks, Inc.* | 42 | 4,781 | ||||||
Juniper Networks, Inc. | 137 | 3,081 | ||||||
Motorola Solutions, Inc. | 43 | 2,837 | ||||||
|
| |||||||
Total Communications Equipment | 19,450 | |||||||
Construction & Engineering – 0.5% | ||||||||
Fluor Corp. | 117 | 5,766 | ||||||
Containers & Packaging – 1.9% | ||||||||
Avery Dennison Corp. | 72 | 5,382 | ||||||
Ball Corp. | 79 | 5,711 | ||||||
Crown Holdings, Inc.* | 144 | 7,296 | ||||||
Sealed Air Corp. | 110 | 5,057 | ||||||
|
| |||||||
Total Containers & Packaging | 23,446 | |||||||
Diversified Financial Services – 1.5% | ||||||||
Intercontinental Exchange, Inc. | 16 | 4,095 | ||||||
Moody’s Corp. | 51 | 4,779 | ||||||
MSCI, Inc. | 55 | 4,242 | ||||||
S&P Global, Inc. | 51 | 5,470 | ||||||
|
| |||||||
Total Diversified Financial Services | 18,586 | |||||||
Electrical Equipment – 1.5% | ||||||||
AMETEK, Inc. | 91 | 4,207 | ||||||
Emerson Electric Co. | 133 | 6,937 | ||||||
Rockwell Automation, Inc. | 65 | 7,464 | ||||||
|
| |||||||
Total Electrical Equipment | 18,608 | |||||||
Electronic Equipment, Instruments & Components – 2.4% | ||||||||
Amphenol Corp. Class A | 92 | 5,274 | ||||||
Arrow Electronics, Inc.* | 91 | 5,633 | ||||||
Avnet, Inc. | 117 | 4,740 | ||||||
Corning, Inc. | 243 | 4,976 | ||||||
Ingram Micro, Inc. Class A | 128 | 4,452 | ||||||
Trimble Navigation Ltd.* | 150 | 3,654 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 28,729 | |||||||
Energy Equipment & Services – 1.8% | ||||||||
Baker Hughes, Inc. | 139 | 6,273 | ||||||
FMC Technologies, Inc.* | 176 | 4,694 | ||||||
Halliburton Co. | 146 | 6,612 | ||||||
National Oilwell Varco, Inc. | 118 | 3,971 | ||||||
|
| |||||||
Total Energy Equipment & Services | 21,550 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 85 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Weak Dollar U.S. Equity Fund (USWD)
June 30, 2016
Investments | Shares | Value | ||||||
Food Products – 2.6% | ||||||||
Archer-Daniels-Midland Co. | 186 | $ | 7,978 | |||||
Ingredion, Inc. | 45 | 5,823 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 48 | 5,120 | ||||||
Mead Johnson Nutrition Co. | 56 | 5,082 | ||||||
Mondelez International, Inc. Class A | 163 | 7,418 | ||||||
|
| |||||||
Total Food Products | 31,421 | |||||||
Health Care Equipment & Supplies – 4.8% | ||||||||
Abbott Laboratories | 161 | 6,329 | ||||||
Baxter International, Inc. | 100 | 4,522 | ||||||
Becton, Dickinson and Co. | 29 | 4,918 | ||||||
Boston Scientific Corp.* | 251 | 5,866 | ||||||
Cooper Cos., Inc. (The) | 19 | 3,260 | ||||||
DENTSPLY SIRONA, Inc. | 93 | 5,770 | ||||||
Edwards Lifesciences Corp.* | 47 | 4,687 | ||||||
ResMed, Inc. | 52 | 3,288 | ||||||
St. Jude Medical, Inc. | 77 | 6,006 | ||||||
Teleflex, Inc. | 31 | 5,497 | ||||||
Varian Medical Systems, Inc.* | 46 | 3,782 | ||||||
Zimmer Biomet Holdings, Inc. | 39 | 4,695 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 58,620 | |||||||
Health Care Technology – 0.3% | ||||||||
IMS Health Holdings, Inc.* | 148 | 3,753 | ||||||
Hotels, Restaurants & Leisure – 2.3% | ||||||||
Interval Leisure Group, Inc. | 27 | 429 | ||||||
Las Vegas Sands Corp. | 105 | 4,567 | ||||||
McDonald’s Corp. | 56 | 6,739 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 64 | 4,733 | ||||||
Wynn Resorts Ltd.(a) | 63 | 5,710 | ||||||
Yum! Brands, Inc. | 67 | 5,556 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 27,734 | |||||||
Household Durables – 1.0% | ||||||||
Harman International Industries, Inc. | 70 | 5,027 | ||||||
Whirlpool Corp. | 43 | 7,166 | ||||||
|
| |||||||
Total Household Durables | 12,193 | |||||||
Household Products – 2.5% | ||||||||
Colgate-Palmolive Co. | 116 | 8,491 | ||||||
Kimberly-Clark Corp. | 59 | 8,112 | ||||||
Procter & Gamble Co. (The) | 160 | 13,547 | ||||||
|
| |||||||
Total Household Products | 30,150 | |||||||
Independent Power & Renewable Electricity Producers – 0.7% | ||||||||
AES Corp. | 651 | 8,124 | ||||||
Industrial Conglomerates – 2.5% | ||||||||
3M Co. | 56 | 9,807 | ||||||
Danaher Corp. | 65 | 6,565 | ||||||
General Electric Co. | 433 | 13,631 | ||||||
|
| |||||||
Total Industrial Conglomerates | 30,003 | |||||||
Insurance – 1.5% | ||||||||
Aflac, Inc. | 94 | 6,783 | ||||||
Marsh & McLennan Cos., Inc. | 113 | 7,736 | ||||||
Reinsurance Group of America, Inc. | 36 | 3,492 | ||||||
|
| |||||||
Total Insurance | 18,011 | |||||||
Internet & Catalog Retail – 1.4% | ||||||||
Expedia, Inc. | 46 | 4,890 | ||||||
Priceline Group, Inc. (The)* | 5 | 6,242 | ||||||
TripAdvisor, Inc.* | 83 | 5,337 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 16,469 | |||||||
Internet Software & Services – 1.9% | ||||||||
Alphabet, Inc. Class A* | 12 | 8,442 | ||||||
eBay, Inc.* | 136 | 3,184 | ||||||
Facebook, Inc. Class A* | 96 | 10,971 | ||||||
|
| |||||||
Total Internet Software & Services | 22,597 | |||||||
IT Services – 3.7% | ||||||||
Gartner, Inc.* | 52 | 5,065 | ||||||
Global Payments, Inc. | 74 | 5,282 | ||||||
International Business Machines Corp. | 66 | 10,017 | ||||||
MasterCard, Inc. Class A | 71 | 6,252 | ||||||
PayPal Holdings, Inc.* | 103 | 3,761 | ||||||
Sabre Corp. | 114 | 3,054 | ||||||
Visa, Inc. Class A | 97 | 7,195 | ||||||
Western Union Co. (The) | 218 | 4,181 | ||||||
|
| |||||||
Total IT Services | 44,807 | |||||||
Leisure Products – 0.7% | ||||||||
Hasbro, Inc. | 44 | 3,696 | ||||||
Mattel, Inc. | 156 | 4,881 | ||||||
|
| |||||||
Total Leisure Products | 8,577 | |||||||
Life Sciences Tools & Services – 2.4% | ||||||||
Agilent Technologies, Inc. | 116 | 5,146 | ||||||
Illumina, Inc.* | 22 | 3,088 | ||||||
Mettler-Toledo International, Inc.* | 11 | 4,014 | ||||||
PerkinElmer, Inc. | 78 | 4,089 | ||||||
Quintiles Transnational Holdings, Inc.* | 45 | 2,939 | ||||||
Thermo Fisher Scientific, Inc. | 41 | 6,058 | ||||||
Waters Corp.* | 29 | 4,079 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 29,413 | |||||||
Machinery – 6.3% | ||||||||
Caterpillar, Inc. | 115 | 8,718 | ||||||
Cummins, Inc. | 43 | 4,835 | ||||||
Deere & Co. | 50 | 4,052 | ||||||
Flowserve Corp. | 153 | 6,911 | ||||||
IDEX Corp. | 91 | 7,471 | ||||||
Illinois Tool Works, Inc. | 65 | 6,771 | ||||||
PACCAR, Inc. | 105 | 5,446 | ||||||
Parker-Hannifin Corp. | 62 | 6,699 | ||||||
Stanley Black & Decker, Inc. | 56 | 6,228 | ||||||
WABCO Holdings, Inc.* | 63 | 5,769 | ||||||
Wabtec Corp. | 85 | 5,970 | ||||||
Xylem, Inc. | 169 | 7,546 | ||||||
|
| |||||||
Total Machinery | 76,416 | |||||||
Media – 1.4% | ||||||||
Discovery Communications, Inc. Class C* | 123 | 2,933 | ||||||
Interpublic Group of Cos., Inc. (The) | 261 | 6,029 | ||||||
Omnicom Group, Inc. | 91 | 7,416 | ||||||
|
| |||||||
Total Media | 16,378 |
See Notes to Financial Statements.
86 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Weak Dollar U.S. Equity Fund (USWD)
June 30, 2016
Investments | Shares | Value | ||||||
Metals & Mining – 2.2% | ||||||||
Alcoa, Inc. | 746 | $ | 6,915 | |||||
Freeport-McMoRan, Inc. | 776 | 8,645 | ||||||
Newmont Mining Corp. | 277 | 10,836 | ||||||
|
| |||||||
Total Metals & Mining | 26,396 | |||||||
Oil, Gas & Consumable Fuels – 4.6% | ||||||||
Apache Corp. | 98 | 5,456 | ||||||
Chevron Corp. | 123 | 12,894 | ||||||
ConocoPhillips | 141 | 6,147 | ||||||
Exxon Mobil Corp. | 212 | 19,873 | ||||||
Hess Corp. | 88 | 5,289 | ||||||
Spectra Energy Corp. | 176 | 6,447 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 56,106 | |||||||
Personal Products – 0.5% | ||||||||
Estee Lauder Cos., Inc. (The) Class A | 61 | 5,552 | ||||||
Pharmaceuticals – 4.9% | ||||||||
Bristol-Myers Squibb Co. | 113 | 8,311 | ||||||
Eli Lilly & Co. | 87 | 6,851 | ||||||
Johnson & Johnson | 148 | 17,952 | ||||||
Merck & Co., Inc. | 190 | 10,946 | ||||||
Pfizer, Inc. | 327 | 11,514 | ||||||
Zoetis, Inc. | 87 | 4,129 | ||||||
|
| |||||||
Total Pharmaceuticals | 59,703 | |||||||
Professional Services – 0.4% | ||||||||
ManpowerGroup, Inc. | 75 | 4,825 | ||||||
Real Estate Investment Trusts (REITs) – 0.4% | ||||||||
Equinix, Inc. | 11 | 4,265 | ||||||
Real Estate Management & Development – 0.4% | ||||||||
CBRE Group, Inc. Class A* | 198 | 5,243 | ||||||
Road & Rail – 0.3% | ||||||||
Kansas City Southern | 45 | 4,054 | ||||||
Semiconductors & Semiconductor Equipment – 5.9% | ||||||||
Analog Devices, Inc. | 61 | 3,455 | ||||||
Applied Materials, Inc. | 230 | 5,513 | ||||||
Intel Corp. | 241 | 7,905 | ||||||
KLA-Tencor Corp. | 48 | 3,516 | ||||||
Lam Research Corp. | 46 | 3,867 | ||||||
Linear Technology Corp. | 97 | 4,513 | ||||||
Maxim Integrated Products, Inc. | 119 | 4,247 | ||||||
Microchip Technology, Inc. | 97 | 4,924 | ||||||
Micron Technology, Inc.* | 309 | 4,252 | ||||||
NVIDIA Corp. | 97 | 4,560 | ||||||
Qorvo, Inc.* | 52 | 2,874 | ||||||
QUALCOMM, Inc. | 157 | 8,410 | ||||||
Skyworks Solutions, Inc. | 41 | 2,594 | ||||||
Texas Instruments, Inc. | 87 | 5,451 | ||||||
Xilinx, Inc. | 109 | 5,028 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 71,109 | |||||||
Software – 5.6% | ||||||||
Activision Blizzard, Inc. | 103 | 4,082 | ||||||
Adobe Systems, Inc.* | 46 | 4,406 | ||||||
ANSYS, Inc.* | 57 | 5,173 | ||||||
Autodesk, Inc.* | 69 | 3,736 | ||||||
Cadence Design Systems, Inc.* | 142 | 3,451 | ||||||
Citrix Systems, Inc.* | 55 | 4,405 | ||||||
Electronic Arts, Inc.* | 51 | 3,864 | ||||||
Microsoft Corp. | 302 | 15,453 | ||||||
Oracle Corp. | 205 | 8,391 | ||||||
Red Hat, Inc.* | 51 | 3,703 | ||||||
Symantec Corp. | 227 | 4,662 | ||||||
Synopsys, Inc.* | 66 | 3,569 | ||||||
VMware, Inc. Class A*(a) | 61 | 3,490 | ||||||
|
| |||||||
Total Software | 68,385 | |||||||
Specialty Retail – 0.2% | ||||||||
Tiffany & Co. | 49 | 2,971 | ||||||
Technology Hardware, Storage & Peripherals – 3.7% | ||||||||
Apple, Inc. | 198 | 18,929 | ||||||
EMC Corp. | 298 | 8,096 | ||||||
HP, Inc. | 502 | 6,300 | ||||||
NetApp, Inc. | 230 | 5,656 | ||||||
Western Digital Corp. | 122 | 5,766 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 44,747 | |||||||
Textiles, Apparel & Luxury Goods – 1.1% | ||||||||
Coach, Inc. | 93 | 3,789 | ||||||
NIKE, Inc. Class B | 98 | 5,409 | ||||||
PVH Corp. | 47 | 4,429 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 13,627 | |||||||
Tobacco – 1.1% | ||||||||
Philip Morris International, Inc. | 127 | 12,918 | ||||||
TOTAL COMMON STOCKS (Cost: $1,218,821) | 1,209,777 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.3% | ||||||||
United States – 1.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio, 0.52%(b) (Cost: $15,797)(c) | 15,797 | 15,797 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.2% (Cost: $1,234,618) | 1,225,574 | |||||||
Liabilities in Excess of Cash and Other Assets – (1.2)% | (14,089 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,211,485 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2016 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of June 30, 2016. |
(c) | At June 30, 2016, the total market value of the Fund’s securities on loan was $15,389 and the total market value of the collateral held by the Fund was $15,797. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 87 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
June 30, 2016
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 98.8% | ||||||||
United States – 98.8% | ||||||||
21st Century Fox America, Inc. | $ | 75,000 | $ | 87,446 | ||||
ABB Finance USA, Inc. | 63,000 | 65,687 | ||||||
AbbVie, Inc. | 141,000 | 141,879 | ||||||
Aetna, Inc. | 69,000 | 71,137 | ||||||
American International Group, Inc. | 43,000 | 41,763 | ||||||
Amgen, Inc. | 61,000 | 69,676 | ||||||
Apple, Inc. | ||||||||
2.25%, 2/23/21 | 51,000 | 52,507 | ||||||
3.85%, 5/4/43 | 69,000 | 69,451 | ||||||
AT&T, Inc. | 107,000 | 132,602 | ||||||
Bank of America Corp. | 108,000 | 125,416 | ||||||
Bear Stearns Cos. LLC (The) | 147,000 | 156,207 | ||||||
Becton Dickinson and Co. | 161,000 | 162,374 | ||||||
Berkshire Hathaway Energy Co. | 73,000 | 97,106 | ||||||
Berkshire Hathaway Finance Corp. | 79,000 | 85,466 | ||||||
Caterpillar, Inc. | 65,000 | 66,398 | ||||||
Celgene Corp. | 74,000 | 76,600 | ||||||
Chevron Corp. | 124,000 | 125,972 | ||||||
Citigroup, Inc. | ||||||||
2.05%, 12/7/18 | 91,000 | 91,777 | ||||||
5.50%, 9/13/25 | 134,000 | 150,481 | ||||||
Comcast Corp. | 70,000 | 80,517 | ||||||
ConocoPhillips | 51,000 | 66,021 | ||||||
CVS Health Corp. | 60,000 | 71,863 | ||||||
Dow Chemical Co. (The) | 147,000 | 161,458 | ||||||
EI du Pont de Nemours & Co. | 88,000 | 90,395 | ||||||
EMC Corp. | 64,000 | 62,742 | ||||||
Halliburton Co. | 141,000 | 146,476 | ||||||
Home Depot, Inc. (The) | 158,000 | 162,750 | ||||||
HSBC USA, Inc. | 114,000 | 113,822 | ||||||
International Business Machines Corp. | 64,000 | 67,947 | ||||||
JPMorgan Chase & Co. | 51,000 | 59,766 | ||||||
Lockheed Martin Corp. | 66,000 | 70,552 | ||||||
McKesson Corp. | 113,000 | 122,544 | ||||||
Morgan Stanley | 148,000 | 162,290 | ||||||
Mylan N.V. | 30,000 | 30,422 | ||||||
Northrop Grumman Corp. | 84,000 | 90,282 | ||||||
Occidental Petroleum Corp. | 114,000 | 124,866 | ||||||
Oracle Corp. | 71,000 | 75,651 | ||||||
Pacific Gas & Electric Co. | 68,000 | 90,869 | ||||||
Pfizer, Inc. | 124,000 | 126,992 | ||||||
Philip Morris International, Inc. | 104,000 | 113,008 | ||||||
Synchrony Financial | 110,000 | 110,392 | ||||||
Time Warner, Inc. | ||||||||
4.88%, 3/15/20 | 76,000 | 84,493 | ||||||
3.60%, 7/15/25 | 157,000 | 166,442 | ||||||
Tyson Foods, Inc. | 89,000 | 96,234 | ||||||
United Technologies Corp. | 61,000 | 70,032 | ||||||
Verizon Communications, Inc. | ||||||||
4.15%, 3/15/24 | 100,000 | 110,495 | ||||||
4.40%, 11/1/34 | 156,000 | 161,357 | ||||||
Wachovia Corp. | 150,000 | 160,571 | ||||||
Wal-Mart Stores, Inc. | 66,000 | 86,867 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.8% (Cost: $4,938,847) | 5,008,061 | |||||||
Cash and Other Assets in Excess of Liabilities – 1.2% |
| 60,948 | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,069,009 |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
See Notes to Financial Statements.
88 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
June 30, 2016
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 97.0% | ||||||||
United States – 97.0% | ||||||||
ADT Corp. (The) | $ | 124,000 | $ | 116,715 | ||||
AECOM | 63,000 | 64,575 | ||||||
Alcoa, Inc. | 145,000 | 157,506 | ||||||
AmeriGas Finance LLC | 142,000 | 150,608 | ||||||
Ashland, Inc. | 89,000 | 88,889 | ||||||
Cablevision Systems Corp. | 138,000 | 148,091 | ||||||
California Resources Corp. | 214,000 | 105,395 | ||||||
Calpine Corp. | 113,000 | 110,316 | ||||||
CCO Holdings LLC | 134,000 | 139,261 | ||||||
Centene Corp. | 146,000 | 152,570 | ||||||
CenturyLink, Inc. | ||||||||
5.80%, 3/15/22, Series T | 73,000 | 71,152 | ||||||
6.75%, 12/1/23, Series W | 143,000 | 141,034 | ||||||
CommScope Technologies Finance LLC | 65,000 | 66,950 | ||||||
Community Health Systems, Inc. | ||||||||
5.13%, 8/15/18 | 151,000 | 153,360 | ||||||
7.13%, 7/15/20 | 78,000 | 72,703 | ||||||
Cott Beverages, Inc. | 59,000 | 61,729 | ||||||
DaVita HealthCare Partners, Inc. | 125,000 | 131,250 | ||||||
DISH DBS Corp. | ||||||||
7.88%, 9/1/19 | 105,000 | 116,025 | ||||||
5.00%, 3/15/23 | 76,000 | 69,350 | ||||||
DPL, Inc. | 100,000 | 96,500 | ||||||
First Data Corp. | 146,000 | 148,372 | ||||||
Frontier Communications Corp. | 146,000 | 123,096 | ||||||
Gray Television, Inc. | 86,000 | 90,085 | ||||||
HCA, Inc. | 147,000 | 151,042 | ||||||
HRG Group, Inc. | 96,000 | 95,939 | ||||||
Iron Mountain, Inc. | 62,000 | 65,565 | ||||||
Kindred Healthcare, Inc. | 76,000 | 75,288 | ||||||
KLX, Inc. | 72,000 | 70,920 | ||||||
L Brands, Inc. | $ | 136,000 | $ | 153,680 | ||||
MGM Resorts International | 137,000 | 155,324 | ||||||
Micron Technology, Inc. | 98,000 | 84,035 | ||||||
Navient Corp. | 122,000 | 107,665 | ||||||
Nielsen Finance LLC | 120,000 | 122,850 | ||||||
OneMain Financial Holdings LLC | 69,000 | 67,534 | ||||||
Platform Specialty Products Corp. | 83,000 | 73,040 | ||||||
Post Holdings, Inc. | 105,000 | 108,019 | ||||||
Regal Entertainment Group | 105,000 | 107,887 | ||||||
Rite Aid Corp. | 75,000 | 78,951 | ||||||
Scientific Games International, Inc. | 106,000 | 86,655 | ||||||
Springleaf Finance Corp. | 60,000 | 57,975 | ||||||
Sprint Corp. | 111,000 | 88,384 | ||||||
T-Mobile USA, Inc. | ||||||||
6.00%, 3/1/23 | 89,000 | 92,449 | ||||||
6.63%, 4/1/23 | 69,000 | 73,356 | ||||||
TreeHouse Foods, Inc. | 69,000 | 73,485 | ||||||
Vulcan Materials Co. | 76,000 | 91,679 | ||||||
Western Digital Corp. | 120,000 | 128,700 | ||||||
Windstream Services LLC | 110,000 | 104,225 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 97.0% (Cost: $4,850,516) | 4,890,179 | |||||||
Cash and Other Assets in Excess of Liabilities – 3.0% | 150,788 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,040,967 |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 89 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
June 30, 2016
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 99.0% | ||||||||
United States – 99.0% | ||||||||
Abbott Laboratories | $ | 60,000 | $ | 60,871 | ||||
AbbVie, Inc. | 300,000 | 301,871 | ||||||
Altria Group, Inc. | 83,000 | 102,396 | ||||||
American Express Credit Corp. | ||||||||
2.38%, 3/24/17 | 114,000 | 115,126 | ||||||
1.13%, 6/5/17 | 146,000 | 146,000 | ||||||
American International Group, Inc. | 86,000 | 88,941 | ||||||
Apple, Inc. | 63,000 | 64,861 | ||||||
AT&T, Inc. | ||||||||
5.50%, 2/1/18 | 149,000 | 158,650 | ||||||
2.30%, 3/11/19 | 59,000 | 60,295 | ||||||
Bank of America Corp. | ||||||||
6.88%, 4/25/18 | 96,000 | 104,853 | ||||||
7.63%, 6/1/19 | 115,000 | 133,193 | ||||||
Bank of New York Mellon Corp. (The) | 89,000 | 90,460 | ||||||
Celgene Corp. | 73,000 | 74,377 | ||||||
Chevron Corp. | ||||||||
1.35%, 11/15/17 | 79,000 | 79,428 | ||||||
1.96%, 3/3/20 | 71,000 | 71,946 | ||||||
Cisco Systems, Inc. | 62,000 | 63,703 | ||||||
Citigroup, Inc. | ||||||||
1.75%, 5/1/18 | 107,000 | 107,518 | ||||||
2.05%, 12/7/18 | 61,000 | 61,521 | ||||||
2.65%, 10/26/20 | 72,000 | 73,343 | ||||||
ConocoPhillips | 92,000 | 101,276 | ||||||
Consolidated Edison, Inc. | 75,000 | 75,873 | ||||||
CVS Health Corp. | 120,000 | 125,069 | ||||||
Dow Chemical Co. (The) | 79,000 | 86,514 | ||||||
EI du Pont de Nemours & Co. | 94,000 | 103,012 | ||||||
EMC Corp. | 86,000 | 84,310 | ||||||
Exxon Mobil Corp. | 62,000 | 63,201 | ||||||
Fidelity National Information Services, Inc. | 69,000 | 73,012 | ||||||
General Mills, Inc. | 67,000 | 74,516 | ||||||
HSBC USA, Inc. | 161,000 | 160,749 | ||||||
International Business Machines Corp. | 151,000 | 159,542 | ||||||
JPMorgan Chase & Co. | ||||||||
1.70%, 3/1/18, Series H | 93,000 | 93,537 | ||||||
2.75%, 6/23/20 | 69,000 | 71,139 | ||||||
4.40%, 7/22/20 | 71,000 | 77,524 | ||||||
Kraft Heinz Foods Co. | 81,000 | 88,875 | ||||||
Lockheed Martin Corp. | 155,000 | 160,102 | ||||||
McKesson Corp. | 115,000 | 117,658 | ||||||
Medco Health Solutions, Inc. | 49,000 | 53,518 | ||||||
PepsiCo, Inc. | 48,000 | 55,535 | ||||||
Reynolds American, Inc. | 98,000 | 99,619 | ||||||
Stryker Corp. | 144,000 | 144,097 | ||||||
SunTrust Banks, Inc. | 98,000 | 99,581 | ||||||
Synchrony Financial | 95,000 | 95,339 | ||||||
Time Warner, Inc. | 16,000 | 17,788 | ||||||
United Technologies Corp. | 142,000 | 159,706 | ||||||
UnitedHealth Group, Inc. | 79,000 | 80,386 | ||||||
Verizon Communications, Inc. | 135,000 | 149,989 | ||||||
Wachovia Corp. | 102,000 | 106,403 | ||||||
Walgreens Boots Alliance, Inc. | 97,000 | 100,299 | ||||||
Wells Fargo & Co. | 132,000 | 132,429 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.0% (Cost: $4,951,015) | 4,969,951 | |||||||
Cash and Other Assets in Excess of Liabilities – 1.0% |
| 49,959 | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,019,910 |
See Notes to Financial Statements.
90 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
June 30, 2016
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 96.2% | ||||||||
United States – 96.2% | ||||||||
ACCO Brands Corp. | $ | 101,000 | $ | 107,439 | ||||
Alcoa, Inc. | 141,000 | 153,161 | ||||||
Ashland, Inc. | 62,000 | 63,472 | ||||||
Cablevision Systems Corp. | ||||||||
8.63%, 9/15/17 | 41,000 | 43,358 | ||||||
8.00%, 4/15/20 | 69,000 | 70,933 | ||||||
Case New Holland Industrial, Inc. | 79,000 | 85,320 | ||||||
Centene Corp. | 143,000 | 149,435 | ||||||
CenturyLink, Inc. | 97,000 | 101,001 | ||||||
Cenveo Corp. | 59,000 | 49,265 | ||||||
Clear Channel Worldwide Holdings, Inc. | 23,000 | 22,000 | ||||||
Cliffs Natural Resources, Inc. | 120,000 | 120,600 | ||||||
CNH Industrial Capital LLC | 153,000 | 150,322 | ||||||
Community Health Systems, Inc. | ||||||||
5.13%, 8/15/18 | 103,000 | 104,610 | ||||||
8.00%, 11/15/19 | 65,000 | 63,944 | ||||||
7.13%, 7/15/20 | 77,000 | 71,771 | ||||||
Cott Beverages, Inc. | 114,000 | 119,272 | ||||||
CSC Holdings LLC | 50,000 | 55,281 | ||||||
DCP Midstream Operating L.P. | 154,000 | 150,920 | ||||||
DISH DBS Corp. | ||||||||
4.25%, 4/1/18 | 126,000 | 128,835 | ||||||
7.88%, 9/1/19 | 77,000 | 85,085 | ||||||
Eagle Spinco, Inc. | 55,000 | 56,513 | ||||||
Frontier Communications Corp. | ||||||||
8.50%, 4/15/20 | 62,000 | 66,030 | ||||||
8.88%, 9/15/20 | 142,000 | 152,117 | ||||||
GLP Capital L.P. | 139,000 | 143,344 | ||||||
Gray Television, Inc. | 144,000 | 150,840 | ||||||
Harsco Corp. | 137,000 | 129,807 | ||||||
HCA, Inc. | 134,000 | 149,745 | ||||||
HRG Group, Inc. | 140,000 | 147,175 | ||||||
Huntsman International LLC | 92,000 | 92,920 | ||||||
iHeartCommunications, Inc. | 200,000 | 104,000 | ||||||
Iron Mountain, Inc. | 43,000 | 45,096 | ||||||
KCG Holdings, Inc. | 100,000 | 90,750 | ||||||
MGM Resorts International | ||||||||
8.63%, 2/1/19 | 69,000 | 77,832 | ||||||
6.75%, 10/1/20 | 112,000 | 122,920 | ||||||
Michaels Stores, Inc. | 122,000 | 126,727 | ||||||
Nationstar Mortgage LLC | 154,000 | 149,572 | ||||||
Navient Corp. | ||||||||
4.88%, 6/17/19 | 47,000 | 45,473 | ||||||
8.00%, 3/25/20 | 145,000 | 148,535 | ||||||
Nielsen Finance LLC | 33,000 | 33,743 | ||||||
OneMain Financial Holdings LLC | 73,000 | 71,449 | ||||||
SBA Telecommunications, Inc. | 65,000 | 67,112 | ||||||
Six Flags Entertainment Corp. | 85,000 | 88,081 | ||||||
Springleaf Finance Corp. | 96,000 | 89,760 | ||||||
Sprint Communications, Inc. | ||||||||
9.00%, 11/15/18(a) | 137,000 | 146,419 | ||||||
7.00%, 8/15/20 | 72,000 | 64,440 | ||||||
T-Mobile USA, Inc. | 145,000 | 149,533 | ||||||
TransDigm, Inc. | 148,000 | 151,330 | ||||||
Vector Group Ltd. | 79,000 | 82,654 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 96.2% (Cost: $4,809,766) | 4,839,941 | |||||||
Cash and Other Assets in Excess of Liabilities – 3.8% |
| 191,694 | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,031,635 |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 91 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.7% | ||||||||
United States – 99.7% | ||||||||
Aerospace & Defense – 2.6% | ||||||||
Boeing Co. (The) | 480 | $ | 62,337 | |||||
Lockheed Martin Corp. | 875 | 217,149 | ||||||
|
| |||||||
Total Aerospace & Defense | 279,486 | |||||||
Air Freight & Logistics – 4.6% | ||||||||
C.H. Robinson Worldwide, Inc. | 3,411 | 253,267 | ||||||
Expeditors International of Washington, Inc. | 2,763 | 135,497 | ||||||
United Parcel Service, Inc. Class B | 1,068 | 115,045 | ||||||
|
| |||||||
Total Air Freight & Logistics | 503,809 | |||||||
Automobiles – 1.7% | ||||||||
Ford Motor Co. | 6,852 | 86,130 | ||||||
Harley-Davidson, Inc. | 2,301 | 104,235 | ||||||
|
| |||||||
Total Automobiles | 190,365 | |||||||
Banks – 2.0% | ||||||||
Fifth Third Bancorp | 5,372 | 94,493 | ||||||
JPMorgan Chase & Co. | 2,021 | 125,585 | ||||||
|
| |||||||
Total Banks | 220,078 | |||||||
Beverages – 0.8% | ||||||||
Brown-Forman Corp. Class B | 907 | 90,482 | ||||||
Biotechnology – 0.4% | ||||||||
Amgen, Inc. | 301 | 45,797 | ||||||
Chemicals – 1.0% | ||||||||
Westlake Chemical Corp. | 2,413 | 103,566 | ||||||
Communications Equipment – 3.6% | ||||||||
Arista Networks, Inc.* | 1,508 | 97,085 | ||||||
Brocade Communications Systems, Inc. | 12,790 | 117,412 | ||||||
Cisco Systems, Inc. | 3,502 | 100,473 | ||||||
Juniper Networks, Inc. | 3,457 | 77,748 | ||||||
|
| |||||||
Total Communications Equipment | 392,718 | |||||||
Consumer Finance – 2.9% | ||||||||
Navient Corp. | 8,759 | 104,670 | ||||||
Santander Consumer USA Holdings, Inc.* | 9,335 | 96,430 | ||||||
SLM Corp.* | 18,754 | 115,900 | ||||||
|
| |||||||
Total Consumer Finance | 317,000 | |||||||
Containers & Packaging – 1.1% | ||||||||
Packaging Corp. of America | 1,732 | 115,923 | ||||||
Diversified Consumer Services – 1.1% | ||||||||
H&R Block, Inc. | 5,211 | 119,853 | ||||||
Diversified Telecommunication Services – 2.7% | ||||||||
AT&T, Inc. | 3,870 | 167,223 | ||||||
CenturyLink, Inc. | 950 | 27,560 | ||||||
Verizon Communications, Inc. | 1,779 | 99,339 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 294,122 | |||||||
Electrical Equipment – 1.3% | ||||||||
Emerson Electric Co. | 1,469 | 76,623 | ||||||
Rockwell Automation, Inc. | 580 | 66,596 | ||||||
|
| |||||||
Total Electrical Equipment | 143,219 | |||||||
Food Products – 2.8% | ||||||||
Cal-Maine Foods, Inc. | 1,386 | 61,427 | ||||||
Lancaster Colony Corp. | 673 | 85,882 | ||||||
Mead Johnson Nutrition Co. | 793 | 71,965 | ||||||
Sanderson Farms, Inc. | 1,033 | 89,499 | ||||||
|
| |||||||
Total Food Products | 308,773 | |||||||
Gas Utilities – 2.1% | ||||||||
UGI Corp. | 5,173 | 234,078 | ||||||
Health Care Equipment & Supplies – 2.8% | ||||||||
Abbott Laboratories | 1,093 | 42,966 | ||||||
Alere, Inc.* | 4,541 | 189,269 | ||||||
St. Jude Medical, Inc. | 960 | 74,880 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 307,115 | |||||||
Health Care Providers & Services – 7.7% | ||||||||
HCA Holdings, Inc.* | 2,038 | 156,946 | ||||||
HealthSouth Corp. | 4,299 | 166,887 | ||||||
MEDNAX, Inc.* | 3,588 | 259,879 | ||||||
Quest Diagnostics, Inc. | 1,447 | 117,800 | ||||||
Universal Health Services, Inc. Class B | 539 | 72,280 | ||||||
VCA, Inc.* | 1,011 | 68,354 | ||||||
|
| |||||||
Total Health Care Providers & Services | 842,146 | |||||||
Health Care Technology – 0.8% | ||||||||
IMS Health Holdings, Inc.* | 3,599 | 91,271 | ||||||
Hotels, Restaurants & Leisure – 1.9% | ||||||||
Six Flags Entertainment Corp. | 1,738 | 100,717 | ||||||
Wyndham Worldwide Corp. | 1,459 | 103,925 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 204,642 | |||||||
Household Durables – 0.6% | ||||||||
Tupperware Brands Corp. | 1,088 | 61,233 | ||||||
Household Products – 3.5% | ||||||||
Clorox Co. (The) | 1,936 | 267,923 | ||||||
Colgate-Palmolive Co. | 1,591 | 116,461 | ||||||
|
| |||||||
Total Household Products | 384,384 | |||||||
Independent Power & Renewable Electricity Producers – 0.9% | ||||||||
AES Corp. | 7,787 | 97,182 | ||||||
Industrial Conglomerates – 1.0% | ||||||||
3M Co. | 621 | 108,749 | ||||||
Insurance – 4.0% | ||||||||
AmTrust Financial Services, Inc. | 2,720 | 66,640 | ||||||
Hartford Financial Services Group, Inc. (The) | 3,055 | 135,581 | ||||||
Principal Financial Group, Inc. | 1,775 | 72,970 | ||||||
Prudential Financial, Inc. | 1,078 | 76,905 | ||||||
Unum Group | 2,817 | 89,552 | ||||||
|
| |||||||
Total Insurance | 441,648 | |||||||
Internet & Catalog Retail – 0.8% | ||||||||
HSN, Inc. | 1,815 | 88,808 | ||||||
Internet Software & Services – 0.9% | ||||||||
eBay, Inc.* | 4,346 | 101,740 | ||||||
IT Services – 2.7% | ||||||||
Paychex, Inc. | 2,240 | 133,280 | ||||||
Sabre Corp. | 3,216 | 86,157 | ||||||
Western Union Co. (The) | 3,991 | 76,547 | ||||||
|
| |||||||
Total IT Services | 295,984 |
See Notes to Financial Statements.
92 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
June 30, 2016
Investments | Shares | Value | ||||||
Life Sciences Tools & Services – 0.7% | ||||||||
Charles River Laboratories International, Inc.* | 876 | $ | 72,217 | |||||
Machinery – 0.7% | ||||||||
Proto Labs, Inc.* | 1,351 | 77,764 | ||||||
Media – 3.0% | ||||||||
Omnicom Group, Inc. | 1,574 | 128,265 | ||||||
Scripps Networks Interactive, Inc. Class A | 1,314 | 81,823 | ||||||
Sinclair Broadcast Group, Inc. Class A | 1,625 | 48,523 | ||||||
Viacom, Inc. Class B | 1,547 | 64,154 | ||||||
|
| |||||||
Total Media | 322,765 | |||||||
Multiline Retail – 1.1% | ||||||||
Nordstrom, Inc. | 3,230 | 122,901 | ||||||
Oil, Gas & Consumable Fuels – 6.9% | ||||||||
CVR Energy, Inc. | 2,695 | 41,773 | ||||||
Marathon Petroleum Corp. | 1,829 | 69,429 | ||||||
ONEOK, Inc. | 1,812 | 85,979 | ||||||
Spectra Energy Corp. | 9,213 | 337,472 | ||||||
Tesoro Corp. | 764 | 57,239 | ||||||
Valero Energy Corp. | 1,884 | 96,084 | ||||||
Western Refining, Inc. | 3,121 | 64,386 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 752,362 | |||||||
Personal Products – 0.6% | ||||||||
Nu Skin Enterprises, Inc. Class A | 1,332 | 61,525 | ||||||
Pharmaceuticals – 0.5% | ||||||||
Catalent, Inc.* | 2,548 | 58,579 | ||||||
Professional Services – 0.5% | ||||||||
Robert Half International, Inc. | 1,482 | 56,553 | ||||||
Real Estate Investment Trusts (REITs) – 7.5% | ||||||||
Duke Realty Corp. | 6,525 | 173,957 | ||||||
Forest City Realty Trust, Inc. Class A | 5,508 | 122,883 | ||||||
Kimco Realty Corp. | 8,448 | 265,098 | ||||||
Lamar Advertising Co. Class A | 2,259 | 149,772 | ||||||
Sunstone Hotel Investors, Inc. | 8,940 | 107,906 | ||||||
|
| |||||||
Total Real Estate Investment Trusts (REITs) | 819,616 | |||||||
Semiconductors & Semiconductor Equipment – 7.7% | ||||||||
Cirrus Logic, Inc.* | 9,600 | 372,384 | ||||||
Integrated Device Technology, Inc.* | 3,489 | 70,234 | ||||||
KLA-Tencor Corp. | 1,141 | 83,578 | ||||||
Lam Research Corp. | 1,022 | 85,909 | ||||||
Skyworks Solutions, Inc. | 1,296 | 82,011 | ||||||
Synaptics, Inc.* | 1,076 | 57,835 | ||||||
Teradyne, Inc. | 4,356 | 85,770 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 837,721 | |||||||
Software – 4.9% | ||||||||
Adobe Systems, Inc.* | 1,074 | 102,879 | ||||||
Cadence Design Systems, Inc.* | 4,974 | 120,868 | ||||||
Manhattan Associates, Inc.* | 1,540 | 98,760 | ||||||
MicroStrategy, Inc. Class A* | 523 | 91,535 | ||||||
Paycom Software, Inc.* | 2,670 | 115,371 | ||||||
|
| |||||||
Total Software | 529,413 | |||||||
Specialty Retail – 2.9% | ||||||||
American Eagle Outfitters, Inc. | 4,472 | 71,239 | ||||||
Gap, Inc. (The) | 3,797 | 80,572 | ||||||
Home Depot, Inc. (The) | 1,329 | 169,700 | ||||||
|
| |||||||
Total Specialty Retail | 321,511 | |||||||
Technology Hardware, Storage & Peripherals – 0.7% | ||||||||
Apple, Inc. | 827 | 79,061 | ||||||
Thrifts & Mortgage Finance – 0.9% | ||||||||
MGIC Investment Corp.* | 6,385 | 37,991 | ||||||
Radian Group, Inc. | 5,810 | 60,540 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 98,531 | |||||||
Tobacco – 2.0% | ||||||||
Altria Group, Inc. | 1,807 | 124,611 | ||||||
Philip Morris International, Inc. | 924 | 93,989 | ||||||
|
| |||||||
Total Tobacco | 218,600 | |||||||
Trading Companies & Distributors – 0.8% | ||||||||
Fastenal Co. | 1,870 | 83,009 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $10,697,092) | 10,896,299 | |||||||
Cash and Other Assets in Excess of Liabilities – 0.3% | 30,838 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 10,927,137 |
* | Non-income producing security. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 93 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
June 30, 2016
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
TOTAL RETURN SWAPS – SHORT EXPOSURE TO REFERENCE ENTITY | ||||||||||||||||||||
Counterparty | Termination Date | Notional Amount | Fund Receives Floating Rate (per annum) | Fund Pays Total Return of Reference Entity | Unrealized Appreciation | |||||||||||||||
Morgan Stanley & Co. | 4/7/17 | $ | 2,750,534 | 1-Month LIBOR less 0.02 | % | S&P 500 Index | $ | 5,589 | ||||||||||||
Bank of America Merrill Lynch | 4/7/17 | 930,094 | 1-Month LIBOR plus 0.02 | % | S&P 500 Index | 1,895 | ||||||||||||||
Bank of America Merrill Lynch | 5/5/17 | 918,170 | 1-Month LIBOR plus 0.10 | % | S&P 500 Index | 1,930 | ||||||||||||||
Morgan Stanley & Co. | 6/2/17 | 1,371,292 | 1-Month LIBOR | S&P 500 Index | 2,787 | |||||||||||||||
Bank of America Merrill Lynch | 6/7/17 | 2,269,475 | 1-Month LIBOR less 0.10 | % | S&P 500 Index | 4,271 | ||||||||||||||
$ | 16,472 |
LIBOR – London Interbank Offered Rate
See Notes to Financial Statements.
94 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
June 30, 2016
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
United States – 99.9% | ||||||||
Aerospace & Defense – 2.5% | ||||||||
Boeing Co. (The) | 748 | $ | 97,143 | |||||
Lockheed Martin Corp. | 1,389 | 344,708 | ||||||
|
| |||||||
Total Aerospace & Defense | 441,851 | |||||||
Air Freight & Logistics – 4.6% | ||||||||
C.H. Robinson Worldwide, Inc. | 5,421 | 402,509 | ||||||
Expeditors International of Washington, Inc. | 4,419 | 216,708 | ||||||
United Parcel Service, Inc. Class B | 1,706 | 183,770 | ||||||
|
| |||||||
Total Air Freight & Logistics | 802,987 | |||||||
Automobiles – 1.8% | ||||||||
Ford Motor Co. | 11,328 | 142,393 | ||||||
Harley-Davidson, Inc. | 3,706 | 167,882 | ||||||
|
| |||||||
Total Automobiles | 310,275 | |||||||
Banks – 2.0% | ||||||||
Fifth Third Bancorp | 8,663 | 152,382 | ||||||
JPMorgan Chase & Co. | 3,247 | 201,769 | ||||||
|
| |||||||
Total Banks | 354,151 | |||||||
Beverages – 0.8% | ||||||||
Brown-Forman Corp. Class B | 1,443 | 143,954 | ||||||
Biotechnology – 0.4% | ||||||||
Amgen, Inc. | 490 | 74,553 | ||||||
Chemicals – 1.0% | ||||||||
Westlake Chemical Corp. | 3,923 | 168,375 | ||||||
Communications Equipment – 3.7% | ||||||||
Arista Networks, Inc.* | 2,404 | 154,769 | ||||||
Brocade Communications Systems, Inc. | 20,695 | 189,980 | ||||||
Cisco Systems, Inc. | 5,607 | 160,865 | ||||||
Juniper Networks, Inc. | 5,820 | 130,892 | ||||||
|
| |||||||
Total Communications Equipment | 636,506 | |||||||
Consumer Finance – 2.9% | ||||||||
Navient Corp. | 14,193 | 169,606 | ||||||
Santander Consumer USA Holdings, Inc.* | 13,745 | 141,986 | ||||||
SLM Corp.* | 30,127 | 186,185 | ||||||
|
| |||||||
Total Consumer Finance | 497,777 | |||||||
Containers & Packaging – 1.1% | ||||||||
Packaging Corp. of America | 2,733 | 182,920 | ||||||
Diversified Consumer Services – 1.1% | ||||||||
H&R Block, Inc. | 8,368 | 192,464 | ||||||
Diversified Telecommunication Services – 2.7% | ||||||||
AT&T, Inc. | 6,202 | 267,988 | ||||||
CenturyLink, Inc. | 1,314 | 38,119 | ||||||
Verizon Communications, Inc. | 2,871 | 160,317 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 466,424 | |||||||
Electrical Equipment – 1.4% | ||||||||
Emerson Electric Co. | 2,459 | 128,261 | ||||||
Rockwell Automation, Inc. | 940 | 107,931 | ||||||
|
| |||||||
Total Electrical Equipment | 236,192 | |||||||
Food Products – 2.8% | ||||||||
Cal-Maine Foods, Inc. | 2,080 | 92,186 | ||||||
Lancaster Colony Corp. | 1,091 | 139,223 | ||||||
Mead Johnson Nutrition Co. | 1,303 | 118,247 | ||||||
Sanderson Farms, Inc. | 1,599 | 138,537 | ||||||
|
| |||||||
Total Food Products | 488,193 | |||||||
Gas Utilities – 2.1% | ||||||||
UGI Corp. | 8,220 | 371,955 | ||||||
Health Care Equipment & Supplies – 2.8% | ||||||||
Abbott Laboratories | 1,550 | 60,930 | ||||||
Alere, Inc.* | 7,257 | 302,472 | ||||||
St. Jude Medical, Inc. | 1,542 | 120,276 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 483,678 | |||||||
Health Care Providers & Services – 7.8% | ||||||||
HCA Holdings, Inc.* | 3,261 | 251,129 | ||||||
HealthSouth Corp. | 6,883 | 267,198 | ||||||
MEDNAX, Inc.* | 5,728 | 414,879 | ||||||
Quest Diagnostics, Inc. | 2,305 | 187,650 | ||||||
Universal Health Services, Inc. Class B | 868 | 116,399 | ||||||
VCA, Inc.* | 1,623 | 109,731 | ||||||
|
| |||||||
Total Health Care Providers & Services | 1,346,986 | |||||||
Health Care Technology – 0.9% | ||||||||
IMS Health Holdings, Inc.* | 5,810 | 147,342 | ||||||
Hotels, Restaurants & Leisure – 1.9% | ||||||||
Six Flags Entertainment Corp. | 2,790 | 161,681 | ||||||
Wyndham Worldwide Corp. | 2,357 | 167,889 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 329,570 | |||||||
Household Durables – 0.6% | ||||||||
Tupperware Brands Corp. | 1,749 | 98,434 | ||||||
Household Products – 3.5% | ||||||||
Clorox Co. (The) | 3,081 | 426,379 | ||||||
Colgate-Palmolive Co. | 2,533 | 185,416 | ||||||
|
| |||||||
Total Household Products | 611,795 | |||||||
Independent Power & Renewable Electricity Producers – 0.9% | ||||||||
AES Corp. | 12,497 | 155,962 | ||||||
Industrial Conglomerates – 1.0% | ||||||||
3M Co. | 981 | 171,793 | ||||||
Insurance – 4.0% | ||||||||
AmTrust Financial Services, Inc. | 4,374 | 107,163 | ||||||
Hartford Financial Services Group, Inc. (The) | 4,765 | 211,471 | ||||||
Principal Financial Group, Inc. | 2,878 | 118,315 | ||||||
Prudential Financial, Inc. | 1,742 | 124,274 | ||||||
Unum Group | 4,431 | 140,861 | ||||||
|
| |||||||
Total Insurance | 702,084 | |||||||
Internet & Catalog Retail – 0.8% | ||||||||
HSN, Inc. | 2,956 | 144,637 | ||||||
Internet Software & Services – 0.9% | ||||||||
eBay, Inc.* | 6,759 | 158,228 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 95 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
June 30, 2016
Investments | Shares | Value | ||||||
IT Services – 2.7% | ||||||||
Paychex, Inc. | 3,553 | $ | 211,403 | |||||
Sabre Corp. | 5,191 | 139,067 | ||||||
Western Union Co. (The) | 6,415 | 123,040 | ||||||
|
| |||||||
Total IT Services | 473,510 | |||||||
Life Sciences Tools & Services – 0.7% | ||||||||
Charles River Laboratories International, Inc.* | 1,402 | 115,581 | ||||||
Machinery – 0.7% | ||||||||
Proto Labs, Inc.* | 2,003 | 115,293 | ||||||
Media – 3.0% | ||||||||
Omnicom Group, Inc. | 2,514 | 204,866 | ||||||
Scripps Networks Interactive, Inc. Class A | 2,117 | 131,825 | ||||||
Sinclair Broadcast Group, Inc. Class A | 2,595 | 77,487 | ||||||
Viacom, Inc. Class B | 2,521 | 104,546 | ||||||
|
| |||||||
Total Media | 518,724 | |||||||
Multiline Retail – 1.0% | ||||||||
Nordstrom, Inc. | 4,714 | 179,368 | ||||||
Oil, Gas & Consumable Fuels – 6.9% | ||||||||
CVR Energy, Inc. | 3,807 | 59,008 | ||||||
Marathon Petroleum Corp. | 3,367 | 127,811 | ||||||
ONEOK, Inc. | 2,922 | 138,649 | ||||||
Spectra Energy Corp. | 14,787 | 541,648 | ||||||
Tesoro Corp. | 1,143 | 85,634 | ||||||
Valero Energy Corp. | 2,963 | 151,113 | ||||||
Western Refining, Inc. | 4,562 | 94,114 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 1,197,977 | |||||||
Personal Products – 0.6% | ||||||||
Nu Skin Enterprises, Inc. Class A | 2,168 | 100,140 | ||||||
Pharmaceuticals – 0.5% | ||||||||
Catalent, Inc.* | 3,679 | 84,580 | ||||||
Professional Services – 0.5% | ||||||||
Robert Half International, Inc. | 2,311 | 88,188 | ||||||
Real Estate Investment Trusts (REITs) – 7.5% | ||||||||
Duke Realty Corp. | 10,384 | 276,837 | ||||||
Forest City Realty Trust, Inc. Class A | 8,856 | 197,577 | ||||||
Kimco Realty Corp. | 13,426 | 421,308 | ||||||
Lamar Advertising Co. Class A | 3,574 | 236,956 | ||||||
Sunstone Hotel Investors, Inc. | 13,964 | 168,546 | ||||||
|
| |||||||
Total Real Estate Investment Trusts (REITs) | 1,301,224 | |||||||
Semiconductors & Semiconductor Equipment – 7.6% | ||||||||
Cirrus Logic, Inc.* | 15,304 | 593,642 | ||||||
Integrated Device Technology, Inc.* | 5,718 | 115,104 | ||||||
KLA-Tencor Corp. | 1,821 | 133,388 | ||||||
Lam Research Corp. | 1,650 | 138,699 | ||||||
Skyworks Solutions, Inc. | 2,040 | 129,091 | ||||||
Synaptics, Inc.* | 1,374 | 73,853 | ||||||
Teradyne, Inc. | 7,122 | 140,232 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 1,324,009 | |||||||
Software – 4.9% | ||||||||
Adobe Systems, Inc.* | 1,714 | 164,184 | ||||||
Cadence Design Systems, Inc.* | 7,913 | 192,286 | ||||||
Manhattan Associates, Inc.* | 2,458 | 157,632 | ||||||
MicroStrategy, Inc. Class A* | 818 | 143,166 | ||||||
Paycom Software, Inc.* | 4,266 | 184,334 | ||||||
|
| |||||||
Total Software | 841,602 | |||||||
Specialty Retail – 2.9% | ||||||||
American Eagle Outfitters, Inc. | 7,524 | 119,857 | ||||||
Gap, Inc. (The) | 5,679 | 120,509 | ||||||
Home Depot, Inc. (The) | 2,090 | 266,872 | ||||||
|
| |||||||
Total Specialty Retail | 507,238 | |||||||
Technology Hardware, Storage & Peripherals – 0.7% | ||||||||
Apple, Inc. | 1,311 | 125,332 | ||||||
Thrifts & Mortgage Finance – 0.9% | ||||||||
MGIC Investment Corp.* | 10,743 | 63,921 | ||||||
Radian Group, Inc. | 9,533 | 99,334 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 163,255 | |||||||
Tobacco – 2.0% | ||||||||
Altria Group, Inc. | 2,873 | 198,122 | ||||||
Philip Morris International, Inc. | 1,478 | 150,342 | ||||||
|
| |||||||
Total Tobacco | 348,464 | |||||||
Trading Companies & Distributors – 0.8% | ||||||||
Fastenal Co. | 3,024 | 134,235 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $17,116,472) | 17,337,806 | |||||||
Cash and Other Assets in Excess of Liabilities – 0.1% | 20,511 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 17,358,317 |
* | Non-income producing security. |
See Notes to Financial Statements.
96 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Trust
June 30, 2016
WisdomTree Dynamic Currency Hedged Europe Equity Fund | WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree Dynamic Currency Hedged Japan Equity Fund | WisdomTree Emerging Markets Dividend Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 4,620,017 | $ | 250,645,080 | $ | 2,379,362 | $ | 4,390,113 | $ | 2,451,364 | ||||||||||
Foreign currency, at cost | 6,286 | 366,981 | 5,265 | 25,944 | 7,514 | |||||||||||||||
Investments in securities, at value1 (Note 2) | 4,636,583 | 241,810,026 | 2,384,692 | 4,476,911 | 2,538,655 | |||||||||||||||
Cash | 6 | 175,073 | 169 | 1,074 | 761 | |||||||||||||||
Foreign currency, at value | 6,274 | 364,796 | 5,264 | 26,021 | 7,519 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 8,112 | 4,009,795 | 31,126 | 348 | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 7,057 | 239,195 | 5,270 | 148,912 | 842 | |||||||||||||||
Capital shares sold | — | 4,851,945 | — | — | — | |||||||||||||||
Dividends and interest | 3,737 | 654,118 | 4,354 | 8,825 | 22,718 | |||||||||||||||
Foreign tax reclaims | 5,492 | 119,134 | 1,030 | 3,734 | 370 | |||||||||||||||
Total Assets | 4,667,261 | 252,224,082 | 2,431,905 | 4,665,825 | 2,570,865 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 1,314 | 2,253,064 | 36,086 | 188,844 | 10 | |||||||||||||||
Payables: | ||||||||||||||||||||
Investment of cash collateral for securities loaned (Note 2) | — | — | 7,393 | 26,201 | — | |||||||||||||||
Investment securities purchased | 9,482 | 6,096,389 | — | — | 7,258 | |||||||||||||||
Advisory fees (Note 3) | 1,707 | 68,137 | 882 | 1,619 | 654 | |||||||||||||||
Service fees (Note 2) | 16 | 857 | 9 | 17 | 9 | |||||||||||||||
Foreign capital gains tax | — | — | — | — | 294 | |||||||||||||||
Total Liabilities | 12,519 | 8,418,447 | 44,370 | 216,681 | 8,225 | |||||||||||||||
NET ASSETS | $ | 4,654,742 | $ | 243,805,635 | $ | 2,387,535 | $ | 4,449,144 | $ | 2,562,640 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 4,636,302 | $ | 254,690,494 | $ | 2,486,735 | $ | 4,695,993 | $ | 2,461,927 | ||||||||||
Undistributed net investment income | 32,869 | 502,119 | 7,692 | 11,043 | 21,255 | |||||||||||||||
Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions | (37,672 | ) | (4,280,913 | ) | (107,182 | ) | (156,660 | ) | (7,558 | ) | ||||||||||
Net unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 23,243 | (7,106,065 | ) | 290 | (101,232 | ) | 87,016 | |||||||||||||
NET ASSETS | $ | 4,654,742 | $ | 243,805,635 | $ | 2,387,535 | $ | 4,449,144 | $ | 2,562,640 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 200,004 | 10,050,004 | 100,004 | 200,004 | 100,004 | |||||||||||||||
Net asset value per share | $ | 23.27 | $ | 24.26 | $ | 23.87 | $ | 22.25 | $ | 25.63 | ||||||||||
1 Includes market value of securities out on loan of: | — | — | $ | 7,020 | $ | 25,056 | — |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 97 |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Trust
June 30, 2016
WisdomTree Europe Local Recovery Fund | WisdomTree Global Hedged SmallCap Dividend Fund | WisdomTree Global SmallCap Dividend Fund | WisdomTree Strong Dollar Emerging Markets Equity Fund | WisdomTree Strong Dollar U.S. Equity Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 3,650,440 | $ | — | $ | 31,688,678 | $ | 6,965,096 | $ | 1,261,841 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | 30,307,348 | — | — | — | |||||||||||||||
Foreign currency, at cost | 4,018 | 711 | 46,891 | 948 | — | |||||||||||||||
Investments in securities, at value1 (Note 2) | 3,120,282 | — | 36,623,910 | 7,184,700 | 1,323,483 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | 35,194,942 | — | — | — | |||||||||||||||
Cash | 4 | 34,727 | 27,564 | 4,928 | 1,085 | |||||||||||||||
Foreign currency, at value | 3,995 | 723 | 47,169 | 973 | — | |||||||||||||||
Unrealized appreciation on foreign currency contracts | — | 186,058 | 1 | — | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | — | 329,811 | — | — | — | |||||||||||||||
Dividends and interest | 840 | — | 85,975 | 14,907 | 1,552 | |||||||||||||||
Foreign tax reclaims | 4,642 | — | 4,592 | — | — | |||||||||||||||
Total Assets | 3,129,763 | 35,746,261 | 36,789,211 | 7,205,508 | 1,326,120 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | — | 544,570 | 221 | — | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Investment of cash collateral for securities loaned (Note 2) | — | — | — | 46,548 | 23,876 | |||||||||||||||
Investment securities purchased | — | — | 59,843 | — | 12,580 | |||||||||||||||
Advisory fees (Note 3) | 1,349 | — | 12,944 | 3,355 | 341 | |||||||||||||||
Service fees (Note 2) | 12 | 128 | 132 | 26 | 5 | |||||||||||||||
Total Liabilities | 1,361 | 544,698 | 73,140 | 49,929 | 36,802 | |||||||||||||||
NET ASSETS | $ | 3,128,402 | $ | 35,201,563 | $ | 36,716,071 | $ | 7,155,579 | $ | 1,289,318 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 3,715,306 | $ | 31,291,133 | $ | 31,833,728 | $ | 7,016,455 | $ | 1,248,278 | ||||||||||
Undistributed net investment income | 4,571 | 7,284 | 107,044 | 22,320 | 3,879 | |||||||||||||||
Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions | (61,237 | ) | (625,948 | ) | (159,520 | ) | (102,911 | ) | (24,481 | ) | ||||||||||
Net unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (530,238 | ) | 4,529,094 | 4,934,819 | 219,715 | 61,642 | ||||||||||||||
NET ASSETS | $ | 3,128,402 | $ | 35,201,563 | $ | 36,716,071 | $ | 7,155,579 | $ | 1,289,318 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 150,004 | 1,700,005 | 1,400,004 | 300,004 | 50,000 | |||||||||||||||
Net asset value per share | $ | 20.86 | $ | 20.71 | $ | 26.23 | $ | 23.85 | $ | 25.79 | ||||||||||
1 Includes market value of securities out on loan of: | — | — | — | $ | 43,449 | $ | 29,592 |
See Notes to Financial Statements.
98 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Trust
June 30, 2016
WisdomTree Weak Dollar U.S. Equity Fund | WisdomTree Fundamental U.S. Corporate Bond Fund | WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | WisdomTree Bond Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 1,234,618 | $ | 4,938,847 | $ | 4,850,516 | $ | 4,951,015 | $ | 4,809,766 | ||||||||||
Investments in securities, at value1 (Note 2) | 1,225,574 | 5,008,061 | 4,890,179 | 4,969,951 | 4,839,941 | |||||||||||||||
Cash | 539 | 10,291 | 69,866 | 6,486 | 101,020 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Dividends and interest | 1,503 | 51,417 | 82,508 | 44,230 | 92,261 | |||||||||||||||
Total Assets | 1,227,616 | 5,069,769 | 5,042,553 | 5,020,667 | 5,033,222 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Payables: | ||||||||||||||||||||
Investment of cash collateral for securities loaned (Note 2) | 15,797 | — | — | — | — | |||||||||||||||
Advisory fees (Note 3) | 330 | 742 | 1,568 | 739 | 1,569 | |||||||||||||||
Service fees (Note 2) | 4 | 18 | 18 | 18 | 18 | |||||||||||||||
Total Liabilities | 16,131 | 760 | 1,586 | 757 | 1,587 | |||||||||||||||
NET ASSETS | $ | 1,211,485 | $ | 5,069,009 | $ | 5,040,967 | $ | 5,019,910 | $ | 5,031,635 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 1,252,519 | $ | 4,998,703 | $ | 4,998,967 | $ | 5,000,791 | $ | 4,999,958 | ||||||||||
Undistributed net investment income | 2,106 | 1,230 | 2,337 | 1,001 | 1,502 | |||||||||||||||
Accumulated net realized loss on investments | (34,096 | ) | (138 | ) | — | (818 | ) | — | ||||||||||||
Net unrealized appreciation (depreciation) on investments | (9,044 | ) | 69,214 | 39,663 | 18,936 | 30,175 | ||||||||||||||
NET ASSETS | $ | 1,211,485 | $ | 5,069,009 | $ | 5,040,967 | $ | 5,019,910 | $ | 5,031,635 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 50,000 | 100,002 | 100,002 | 100,002 | 100,002 | |||||||||||||||
Net asset value per share | $ | 24.23 | $ | 50.69 | $ | 50.41 | $ | 50.20 | $ | 50.32 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 15,389 | — | — | — | — |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 99 |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree Trust
June 30, 2016
WisdomTree Dynamic Bearish U.S. Equity Fund | WisdomTree Dynamic Long/Short U.S. Equity Fund | |||||||
ASSETS: | ||||||||
Investments, at cost | $ | 10,697,092 | $ | 17,116,472 | ||||
Investments in securities, at value | 10,896,299 | 17,337,806 | ||||||
Cash | 6,343 | 8,530 | ||||||
Unrealized appreciation on swap contracts | 16,472 | — | ||||||
Receivables: | ||||||||
Investment securities sold | — | 38,086 | ||||||
Dividends | 12,353 | 19,278 | ||||||
Total Assets | 10,931,467 | 17,403,700 | ||||||
LIABILITIES: | ||||||||
Payables: | ||||||||
Investment securities purchased | — | 38,866 | ||||||
Advisory fees (Note 3) | 4,291 | 6,458 | ||||||
Service fees (Note 2) | 39 | 59 | ||||||
Total Liabilities | 4,330 | 45,383 | ||||||
NET ASSETS | $ | 10,927,137 | $ | 17,358,317 | ||||
NET ASSETS: | ||||||||
Paid-in capital | $ | 11,152,428 | $ | 17,111,859 | ||||
Undistributed (Distributions in excess of) net investment income | (16,472 | ) | 236,356 | |||||
Accumulated net realized loss on investments and swap contracts | (424,498 | ) | (211,232 | ) | ||||
Net unrealized appreciation on investments and swap contracts | 215,679 | 221,334 | ||||||
NET ASSETS | $ | 10,927,137 | $ | 17,358,317 | ||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 450,004 | 650,004 | ||||||
Net asset value per share | $ | 24.28 | $ | 26.70 |
See Notes to Financial Statements.
100 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
WisdomTree Trust
For the Periods Ended June 30, 2016
WisdomTree Dynamic Currency Hedged Europe Equity Fund1 | WisdomTree Dynamic Currency Hedged International Equity Fund1 | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund1 | WisdomTree Dynamic Currency Hedged Japan Equity Fund1 | WisdomTree Emerging Markets Dividend Fund2 | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends3 | $ | 133,736 | $ | 3,231,330 | $ | 57,009 | $ | 58,522 | $ | 37,425 | ||||||||||
Securities lending income (Note 2) | 899 | 21,926 | 184 | 46 | — | |||||||||||||||
Total investment income | 134,635 | 3,253,256 | 57,193 | 58,568 | 37,425 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 10,017 | 182,073 | 5,660 | 9,583 | 1,854 | |||||||||||||||
Service fees (Note 2) | 92 | 2,003 | 52 | 88 | 26 | |||||||||||||||
Total expenses | 10,109 | 184,076 | 5,712 | 9,671 | 1,880 | |||||||||||||||
Expense waivers (Note 3) | (1,043 | ) | (22,759 | ) | (590 | ) | (998 | ) | — | |||||||||||
Net expenses | 9,066 | 161,317 | 5,122 | 8,673 | 1,880 | |||||||||||||||
Net investment income | 125,569 | 3,091,939 | 52,071 | 49,895 | 35,545 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | (28,453 | ) | (4,362,233 | ) | (53,609 | ) | (70,136 | ) | (9,709 | ) | ||||||||||
Foreign currency contracts and foreign currency related transactions | 11,083 | 244,251 | (50,450 | ) | (88,375 | ) | 362 | |||||||||||||
Net realized loss | (17,370 | ) | (4,117,982 | ) | (104,059 | ) | (158,511 | ) | (9,347 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) from: | ||||||||||||||||||||
Investment transactions4 | 16,566 | (8,835,054 | ) | 5,330 | 86,798 | 86,997 | ||||||||||||||
Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 6,677 | 1,728,989 | (5,040 | ) | (188,030 | ) | 19 | |||||||||||||
Net change in unrealized appreciation (depreciation) | 23,243 | (7,106,065 | ) | 290 | (101,232 | ) | 87,016 | |||||||||||||
Net realized and unrealized gain (loss) on investments | 5,873 | (11,224,047 | ) | (103,769 | ) | (259,743 | ) | 77,669 | ||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | 131,442 | $ | (8,132,108 | ) | $ | (51,698 | ) | $ | (209,848 | ) | $ | 113,214 | |||||||
1 For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
| |||||||||||||||||||
2 For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
| |||||||||||||||||||
3 Net of foreign withholding tax of: | $ | 22,331 | $ | 344,894 | $ | 6,667 | $ | 6,531 | $ | 4,593 | ||||||||||
4 Net of foreign capital gain taxes of: | — | — | — | — | $ | 294 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 101 |
Table of Contents
Statements of Operations (continued)
WisdomTree Trust
For the Periods Ended June 30, 2016
WisdomTree Europe Local Recovery Fund1 | WisdomTree Global Hedged SmallCap Dividend Fund2 | WisdomTree Global SmallCap Dividend Fund3 | WisdomTree Strong Dollar Emerging Markets Equity Fund1 | WisdomTree Strong Dollar U.S. Equity Fund4 | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends5 | $ | 86,686 | $ | — | $ | 683,088 | $ | 46,335 | $ | 33,729 | ||||||||||
Dividends from affiliates (Note 3) | — | 494,233 | — | — | — | |||||||||||||||
Securities lending income (Note 2) | 2,052 | — | — | 289 | 68 | |||||||||||||||
Total investment income | 88,738 | 494,233 | 683,088 | 46,624 | 33,797 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 13,532 | 65,771 | 68,095 | 19,755 | 5,019 | |||||||||||||||
Service fees (Note 2) | 103 | 673 | 697 | 150 | 67 | |||||||||||||||
Total expenses | 13,635 | 66,444 | 68,792 | 19,905 | 5,086 | |||||||||||||||
Expense waivers (Note 3) | (2,333 | ) | (65,771 | ) | — | — | — | |||||||||||||
Net expenses | 11,302 | 673 | 68,792 | 19,905 | 5,086 | |||||||||||||||
Net investment income | 77,436 | 493,560 | 614,296 | 26,719 | 28,711 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | (60,720 | ) | — | (158,683 | ) | (92,384 | ) | (24,481 | ) | |||||||||||
Investment transactions in affiliates (Note 3) | — | 58,285 | — | — | — | |||||||||||||||
In-kind redemptions | — | — | 287,682 | — | (32,769 | ) | ||||||||||||||
In-kind redemptions in affiliates (Note 3) | — | 228,974 | — | — | — | |||||||||||||||
Foreign currency contracts and foreign currency related transactions | (297 | ) | (711,317 | ) | 3,230 | (12,858 | ) | — | ||||||||||||
Net realized gain (loss) | (61,017 | ) | (424,058 | ) | 132,229 | (105,242 | ) | (57,250 | ) | |||||||||||
Net change in unrealized appreciation (depreciation) from: | ||||||||||||||||||||
Investment transactions | (530,158 | ) | 4,887,594 | 4,935,232 | 219,604 | 61,642 | ||||||||||||||
Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (80 | ) | (358,500 | ) | (413 | ) | 111 | — | ||||||||||||
Net change in unrealized appreciation (depreciation) | (530,238 | ) | 4,529,094 | 4,934,819 | 219,715 | 61,642 | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (591,255 | ) | 4,105,036 | 5,067,048 | 114,473 | 4,392 | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (513,819 | ) | $ | 4,598,596 | $ | 5,681,344 | $ | 141,192 | $ | 33,103 | |||||||||
1 For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
| |||||||||||||||||||
2 For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
| |||||||||||||||||||
3 For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
| |||||||||||||||||||
4 For the period July 21, 2015 (commencement of operations) through June 30, 2016. |
|
|
|
|
|
|
|
|
| |||||||||||
5 Net of foreign withholding tax of: | $ | 15,961 | — | $ | 45,468 | $ | 6,270 | — |
See Notes to Financial Statements.
102 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Statements of Operations (continued)
WisdomTree Trust
For the Periods Ended June 30, 2016
WisdomTree Weak Dollar U.S. Equity Fund1 | WisdomTree Fundamental U.S. Corporate Bond Fund2 | WisdomTree Fundamental U.S. High Yield Corporate Bond Fund2 | WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund2 | WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund2 | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends | $ | 28,513 | $ | — | $ | — | $ | — | $ | — | ||||||||||
Interest | — | 23,896 | 50,819 | 13,664 | 53,985 | |||||||||||||||
Securities lending income (Note 2) | 69 | — | — | — | — | |||||||||||||||
Total investment income | 28,582 | 23,896 | 50,819 | 13,664 | 53,985 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 4,857 | 2,529 | 4,347 | 2,525 | 4,348 | |||||||||||||||
Service fees (Note 2) | 65 | 40 | 40 | 40 | 40 | |||||||||||||||
Total expenses | 4,922 | 2,569 | 4,387 | 2,565 | 4,388 | |||||||||||||||
Expense waivers (Note 3) | — | (903 | ) | (906 | ) | (902 | ) | (906 | ) | |||||||||||
Net expenses | 4,922 | 1,666 | 3,481 | 1,663 | 3,482 | |||||||||||||||
Net investment income | 23,660 | 22,230 | 47,338 | 12,001 | 50,503 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized loss from: | ||||||||||||||||||||
Investment transactions | (34,207 | ) | (138 | ) | — | (818 | ) | — | ||||||||||||
In-kind redemptions | (20,268 | ) | — | — | — | — | ||||||||||||||
Net realized gain (loss) | (54,475 | ) | (138 | ) | — | (818 | ) | — | ||||||||||||
Net change in unrealized appreciation (depreciation) | (9,044 | ) | 69,214 | 39,663 | 18,936 | 30,175 | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (63,519 | ) | 69,076 | 39,663 | 18,118 | 30,175 | ||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (39,859 | ) | $ | 91,306 | $ | 87,001 | $ | 30,119 | $ | 80,678 |
1 | For the period July 21, 2015 (commencement of operations) through June 30, 2016. |
2 | For the period April 27, 2016 (commencement of operations) through June 30, 2016. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 103 |
Table of Contents
Statements of Operations (concluded)
WisdomTree Trust
For the Periods Ended June 30, 2016
WisdomTree Dynamic Bearish U.S. Equity Fund1 | WisdomTree Dynamic Long/Short U.S. Equity Fund1 | |||||||
INVESTMENT INCOME: | ||||||||
Dividends | $ | 49,267 | $ | 100,794 | ||||
Interest | 7,696 | — | ||||||
Total investment income | 56,963 | 100,794 | ||||||
EXPENSES: | ||||||||
Advisory fees (Note 3) | 27,816 | 23,340 | ||||||
Service fees (Note 2) | 231 | 193 | ||||||
Total expenses | 28,047 | 23,533 | ||||||
Expense waivers (Note 3) | (2,624 | ) | (2,202 | ) | ||||
Net expenses | 25,423 | 21,331 | ||||||
Net investment income | 31,540 | 79,463 | ||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||
Net realized gain (loss) from: | ||||||||
Investment transactions | (3,714 | ) | (73,286 | ) | ||||
In-kind redemptions | 7,830 | 22,377 | ||||||
Swap contracts | (1,578,839 | ) | 67,471 | |||||
Net realized gain (loss) | (1,574,723 | ) | 16,562 | |||||
Net change in unrealized appreciation from: | ||||||||
Investment transactions | 199,207 | 221,334 | ||||||
Swap contracts | 16,472 | — | ||||||
Net change in unrealized appreciation | 215,679 | 221,334 | ||||||
Net realized and unrealized gain (loss) on investments | (1,359,044 | ) | 237,896 | |||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (1,327,504 | ) | $ | 317,359 |
1 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
See Notes to Financial Statements.
104 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Trust
WisdomTree Dynamic Currency Hedged Europe Equity Fund | WisdomTree Hedged | WisdomTree Hedged | WisdomTree Dynamic Currency Hedged Japan Equity Fund | WisdomTree Emerging Markets Dividend Fund | ||||||||||||||||
For the Period January 7, 2016* through June 30, 2016 | For the Period January 7, 2016* through June 30, 2016 | For the Period January 7, 2016* through June 30, 2016 | For the Period January 7, 2016* through June 30, 2016 | For the Period April 7, 2016* through June 30, 2016 | ||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||
Net investment income | $ | 125,569 | $ | 3,091,939 | $ | 52,071 | $ | 49,895 | $ | 35,545 | ||||||||||
Net realized loss on investments, foreign currency contracts and foreign currency related transactions | (17,370 | ) | (4,117,982 | ) | (104,059 | ) | (158,511 | ) | (9,347 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 23,243 | (7,106,065 | ) | 290 | (101,232 | ) | 87,016 | |||||||||||||
Net increase (decrease) in net assets resulting from operations | 131,442 | (8,132,108 | ) | (51,698 | ) | (209,848 | ) | 113,214 | ||||||||||||
DIVIDENDS: | ||||||||||||||||||||
Net investment income | (113,002 | ) | (2,752,751 | ) | (47,502 | ) | (37,001 | ) | (12,501 | ) | ||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||
Net proceeds from sale of shares | 4,636,202 | 254,690,394 | 2,486,635 | 4,695,893 | 2,461,827 | |||||||||||||||
Net increase in net assets resulting from capital share transactions | 4,636,202 | 254,690,394 | 2,486,635 | 4,695,893 | 2,461,827 | |||||||||||||||
Net Increase in Net Assets | 4,654,642 | 243,805,535 | 2,387,435 | 4,449,044 | 2,562,540 | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||
Beginning of period | $ | 100 | $ | 100 | $ | 100 | $ | 100 | $ | 100 | ||||||||||
End of period | $ | 4,654,742 | $ | 243,805,635 | $ | 2,387,535 | $ | 4,449,144 | $ | 2,562,640 | ||||||||||
Undistributed net investment income included in net assets at end of period | $ | 32,869 | $ | 502,119 | $ | 7,692 | $ | 11,043 | $ | 21,255 | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||
Shares outstanding, beginning of period | 4 | 4 | 4 | 4 | 4 | |||||||||||||||
Shares created | 200,000 | 10,050,000 | 100,000 | 200,000 | 100,000 | |||||||||||||||
Shares redeemed | — | — | — | — | — | |||||||||||||||
Shares outstanding, end of period | 200,004 | 10,050,004 | 100,004 | 200,004 | 100,004 |
* | Commencement of operations. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 105 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree Europe Local Recovery Fund | WisdomTree Global Hedged SmallCap Dividend Fund | WisdomTree Global SmallCap | WisdomTree Markets | WisdomTree Strong Dollar U.S. Equity Fund | ||||||||||||||||
For the Period October 29, 2015* through June 30, 2016 | For the Period November 19, 2015* through June 30, 2016 | For the Period November 12, 2015* through June 30, 2016 | For the Period October 29, 2015* through June 30, 2016 | For the Period July 21, 2015* through June 30, 2016 | ||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||
Net investment income | $ | 77,436 | $ | 493,560 | $ | 614,296 | $ | 26,719 | $ | 28,711 | ||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | (61,017 | ) | (424,058 | ) | 132,229 | (105,242 | ) | (57,250 | ) | |||||||||||
Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (530,238 | ) | 4,529,094 | 4,934,819 | 219,715 | 61,642 | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (513,819 | ) | 4,598,596 | 5,681,344 | 141,192 | 33,103 | ||||||||||||||
DIVIDENDS: | ||||||||||||||||||||
Net investment income | (73,190 | ) | (459,192 | ) | (511,968 | ) | (2,068 | ) | (24,832 | ) | ||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||
Net proceeds from sale of shares | 3,715,311 | 33,057,923 | 34,057,555 | 7,016,355 | 2,499,007 | |||||||||||||||
Cost of shares redeemed | — | (1,995,864 | ) | (2,510,960 | ) | — | (1,218,060 | ) | ||||||||||||
Net increase in net assets resulting from capital share transactions | 3,715,311 | 31,062,059 | 31,546,595 | 7,016,355 | 1,280,947 | |||||||||||||||
Net Increase in Net Assets | 3,128,302 | 35,201,463 | 36,715,971 | 7,155,479 | 1,289,218 | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||
Beginning of period | $ | 100 | $ | 100 | $ | 100 | $ | 100 | $ | 100 | ||||||||||
End of period | $ | 3,128,402 | $ | 35,201,563 | $ | 36,716,071 | $ | 7,155,579 | $ | 1,289,318 | ||||||||||
Undistributed net investment income included in net assets at end of period | $ | 4,571 | $ | 7,284 | $ | 107,044 | $ | 22,320 | $ | 3,879 | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||
Shares outstanding, beginning of period | 4 | 5 | 4 | 4 | 4 | |||||||||||||||
Shares created | 150,000 | 1,800,000 | 1,500,000 | 300,000 | 100,000 | |||||||||||||||
Shares redeemed | — | (100,000 | ) | (100,000 | ) | — | (50,004 | ) | ||||||||||||
Shares outstanding, end of period | 150,004 | 1,700,005 | 1,400,004 | 300,004 | 50,000 |
* | Commencement of operations. |
See Notes to Financial Statements.
106 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree Weak Dollar U.S. Equity Fund | WisdomTree Fundamental U.S. Corporate Bond Fund | WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | ||||||||||||||||
For the Period July 21, 2015* through June 30, 2016 | For the Period April 27, 2016* through June 30, 2016 | For the Period April 27, 2016* through June 30, 2016 | For the Period April 27, 2016* through June 30, 2016 | For the Period April 27, 2016* through June 30, 2016 | ||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||
Net investment income | $ | 23,660 | $ | 22,230 | $ | 47,338 | $ | 12,001 | $ | 50,503 | ||||||||||
Net realized loss on investments | (54,475 | ) | (138 | ) | — | (818 | ) | — | ||||||||||||
Net change in unrealized appreciation (depreciation) on investments | (9,044 | ) | 69,214 | 39,663 | 18,936 | 30,175 | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (39,859 | ) | 91,306 | 87,001 | 30,119 | 80,678 | ||||||||||||||
DIVIDENDS: | ||||||||||||||||||||
Net investment income | (21,554 | ) | (21,000 | ) | (45,001 | ) | (11,000 | ) | (49,001 | ) | ||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||
Net proceeds from sale of shares | 2,502,016 | 4,998,603 | 4,998,867 | 5,000,691 | 4,999,858 | |||||||||||||||
Cost of shares redeemed | (1,229,218 | ) | — | — | — | — | ||||||||||||||
Net increase in net assets resulting from capital share transactions | 1,272,798 | 4,998,603 | 4,998,867 | 5,000,691 | 4,999,858 | |||||||||||||||
Net Increase in Net Assets | 1,211,385 | 5,068,909 | 5,040,867 | 5,019,810 | 5,031,535 | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||
Beginning of period | $ | 100 | $ | 100 | $ | 100 | $ | 100 | $ | 100 | ||||||||||
End of period | $ | 1,211,485 | $ | 5,069,009 | $ | 5,040,967 | $ | 5,019,910 | $ | 5,031,635 | ||||||||||
Undistributed net investment income included in net assets at end of period | $ | 2,106 | $ | 1,230 | $ | 2,337 | $ | 1,001 | $ | 1,502 | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||
Shares outstanding, beginning of period | 4 | 2 | 2 | 2 | 2 | |||||||||||||||
Shares created | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |||||||||||||||
Shares redeemed | (50,004 | ) | — | — | — | — | ||||||||||||||
Shares outstanding, end of period | 50,000 | 100,002 | 100,002 | 100,002 | 100,002 |
* | Commencement of operations. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 107 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Trust
WisdomTree Dynamic Bearish U.S. | WisdomTree Dynamic Long/Short U.S. | |||||||
For the Period December 23, 2015* through June 30, 2016 | For the Period December 23, 2015* through June 30, 2016 | |||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||
Net investment income | $ | 31,540 | $ | 79,463 | ||||
Net realized gain (loss) on investments and swap contracts | (1,574,723 | ) | 16,562 | |||||
Net change in unrealized appreciation on investments and swap contracts | 215,679 | 221,334 | ||||||
Net increase (decrease) in net assets resulting from operations | (1,327,504 | ) | 317,359 | |||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||
Net investment income | — | (56,252 | ) | |||||
Return of capital | (15,750 | ) | — | |||||
Total dividends and distributions | (15,750 | ) | (56,252 | ) | ||||
CAPITAL SHARE TRANSACTIONS: | ||||||||
Net proceeds from sale of shares | 26,967,888 | 18,363,769 | ||||||
Cost of shares redeemed | (14,697,597 | ) | (1,266,659 | ) | ||||
Net increase in net assets resulting from capital share transactions | 12,270,291 | 17,097,110 | ||||||
Net Increase in Net Assets | 10,927,037 | 17,358,217 | ||||||
NET ASSETS: | ||||||||
Beginning of period | $ | 100 | $ | 100 | ||||
End of period | $ | 10,927,137 | $ | 17,358,317 | ||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of period | $ | (16,472 | ) | $ | 236,356 | |||
SHARES CREATED AND REDEEMED: | ||||||||
Shares outstanding, beginning of period | 4 | 4 | ||||||
Shares created | 1,050,000 | 700,000 | ||||||
Shares redeemed | (600,000 | ) | (50,000 | ) | ||||
Shares outstanding, end of period | 450,004 | 650,004 |
* | Commencement of operations. |
See Notes to Financial Statements.
108 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Dynamic Currency Hedged Europe Equity Fund | For the Period January 7, 2016* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.25 | ||
Investment operations: | ||||
Net investment income1 | 0.70 | |||
Net realized and unrealized loss | (1.11 | ) | ||
Total from investment operations | (0.41 | ) | ||
Dividends to shareholders: | ||||
Net investment income | (0.57 | ) | ||
Net asset value, end of period | $ | 23.27 | ||
TOTAL RETURN2 | (1.81 | )% | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 4,655 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.43 | %3 | ||
Expenses, prior to expense waivers | 0.48 | %3 | ||
Net investment income | 6.02 | %3 | ||
Portfolio turnover rate4 | 25 | % |
WisdomTree Dynamic Currency Hedged International Equity Fund | For the Period January 7, 2016* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.18 | ||
Investment operations: | ||||
Net investment income1 | 0.79 | |||
Net realized and unrealized loss | (0.35 | ) | ||
Total from investment operations | 0.44 | |||
Dividends to shareholders: | ||||
Net investment income | (0.36 | ) | ||
Net asset value, end of period | $ | 24.26 | ||
TOTAL RETURN2 | 1.82 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 243,806 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.35 | %3 | ||
Expenses, prior to expense waivers | 0.40 | %3 | ||
Net investment income | 6.79 | %3 | ||
Portfolio turnover rate4 | 28 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Annualized. |
4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 109 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | For the Period January 7, 2016* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.24 | ||
Investment operations: | ||||
Net investment income1 | 0.52 | |||
Net realized and unrealized loss | (0.41 | ) | ||
Total from investment operations | 0.11 | |||
Dividends to shareholders: | ||||
Net investment income | (0.48 | ) | ||
Net asset value, end of period | $ | 23.87 | ||
TOTAL RETURN2 | 0.36 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 2,388 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.43 | %3 | ||
Expenses, prior to expense waivers | 0.48 | %3 | ||
Net investment income | 4.42 | %3 | ||
Portfolio turnover rate4 | 50 | % |
WisdomTree Dynamic Currency Hedged Japan Equity Fund | For the Period January 7, 2016* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.38 | ||
Investment operations: | ||||
Net investment income1 | 0.28 | |||
Net realized and unrealized loss | (2.22 | ) | ||
Total from investment operations | (1.94 | ) | ||
Dividends to shareholders: | ||||
Net investment income | (0.19 | ) | ||
Net asset value, end of period | $ | 22.25 | ||
TOTAL RETURN2 | (8.00 | )% | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 4,449 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.43 | %3 | ||
Expenses, prior to expense waivers | 0.48 | %3 | ||
Net investment income | 2.50 | %3 | ||
Portfolio turnover rate4 | 22 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Annualized. |
4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
110 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Emerging Markets Dividend Fund | For the Period April 7, 2016* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.53 | ||
Investment operations: | ||||
Net investment income1 | 0.36 | |||
Net realized and unrealized gain | 0.87 | |||
Total from investment operations | 1.23 | |||
Dividends to shareholders: | ||||
Net investment income | (0.13 | ) | ||
Net asset value, end of period | $ | 25.63 | ||
TOTAL RETURN2 | 5.01 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 2,563 | ||
Ratios to average net assets of: | ||||
Expenses | 0.32 | %3 | ||
Net investment income | 6.14 | %3 | ||
Portfolio turnover rate4 | 4 | % |
WisdomTree Europe Local Recovery Fund | For the Period October 29, 2015* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.70 | ||
Investment operations: | ||||
Net investment income1 | 0.52 | |||
Net realized and unrealized loss | (3.87 | ) | ||
Total from investment operations | (3.35 | ) | ||
Dividends to shareholders: | ||||
Net investment income | (0.49 | ) | ||
Net asset value, end of period | $ | 20.86 | ||
TOTAL RETURN2 | (13.76 | )% | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 3,128 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.48 | %3 | ||
Expenses, prior to expense waivers | 0.58 | %3 | ||
Net investment income | 3.32 | %3 | ||
Portfolio turnover rate4 | 22 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser for the WisdomTree Europe Local Recovery Fund (Note 2 and 3). |
3 | Annualized. |
4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 111 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Global Hedged SmallCap Dividend Fund | For the Period November 19, 2015* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 20.23 | ||
Investment operations: | ||||
Net investment income1 | 0.39 | |||
Net realized and unrealized gain | 0.45 | |||
Total from investment operations | 0.84 | |||
Dividends to shareholders: | ||||
Net investment income | (0.36 | ) | ||
Net asset value, end of period | $ | 20.71 | ||
TOTAL RETURN2 | 4.20 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 35,202 | ||
Ratios to average net assets3 of: | ||||
Expenses, net of expense waivers | 0.00 | %4,5 | ||
Expenses, prior to expense waivers | 0.43 | %4 | ||
Net investment income | 3.23 | %4 | ||
Portfolio turnover rate6 | 3 | % |
WisdomTree Global SmallCap Dividend Fund | For the Period November 12, 2015* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.58 | ||
Investment operations: | ||||
Net investment income1 | 0.61 | |||
Net realized and unrealized gain | 1.52 | |||
Total from investment operations | 2.13 | |||
Dividends to shareholders: | ||||
Net investment income | (0.48 | ) | ||
Net asset value, end of period | $ | 26.23 | ||
TOTAL RETURN2 | 8.71 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 36,716 | ||
Ratios to average net assets of: | ||||
Expenses | 0.43 | %4 | ||
Net investment income | 3.88 | %4 | ||
Portfolio turnover rate6 | 8 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser for the WisdomTree Global Hedged SmallCap Dividend Fund (Note 2 and 3). |
3 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
4 | Annualized. |
5 | Amount represents less than 0.005%. |
6 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
112 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Strong Dollar Emerging Markets Equity Fund | For the Period October 29, 2015* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.58 | ||
Investment operations: | ||||
Net investment income1 | 0.12 | |||
Net realized and unrealized loss | (0.83 | ) | ||
Total from investment operations | (0.71 | ) | ||
Dividends to shareholders: | ||||
Net investment income | (0.02 | ) | ||
Net asset value, end of period | $ | 23.85 | ||
TOTAL RETURN2 | (2.88 | )% | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 7,156 | ||
Ratios to average net assets of: | ||||
Expenses | 0.58 | %3 | ||
Net investment income | 0.78 | %3 | ||
Portfolio turnover rate4 | 74 | % |
WisdomTree Strong Dollar U.S. Equity Fund | For the Period July 21, 2015* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.85 | ||
Investment operations: | ||||
Net investment income1 | 0.43 | |||
Net realized and unrealized gain | 0.94 | |||
Total from investment operations | 1.37 | |||
Dividends to shareholders: | ||||
Net investment income | (0.43 | ) | ||
Net asset value, end of period | $ | 25.79 | ||
TOTAL RETURN2 | 5.62 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 1,289 | ||
Ratios to average net assets of: | ||||
Expenses | 0.33 | %3 | ||
Net investment income | 1.89 | %3 | ||
Portfolio turnover rate4 | 23 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. |
3 | Annualized. |
4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 113 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Weak Dollar U.S. Equity Fund | For the Period July 21, 2015* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.88 | ||
Investment operations: | ||||
Net investment income1 | 0.36 | |||
Net realized and unrealized loss | (0.63 | ) | ||
Total from investment operations | (0.27 | ) | ||
Dividends to shareholders: | ||||
Net investment income | (0.38 | ) | ||
Net asset value, end of period | $ | 24.23 | ||
TOTAL RETURN2 | (1.03 | )% | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 1,211 | ||
Ratios to average net assets of: | ||||
Expenses | 0.33 | %3 | ||
Net investment income | 1.61 | %3 | ||
Portfolio turnover rate4 | 21 | % |
WisdomTree Fundamental U.S. Corporate Bond Fund | For the Period April 27, 2016* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 49.96 | ||
Investment operations: | ||||
Net investment income1 | 0.22 | |||
Net realized and unrealized gain | 0.72 | |||
Total from investment operations | 0.94 | |||
Dividends to shareholders: | ||||
Net investment income | (0.21 | ) | ||
Net asset value, end of period | $ | 50.69 | ||
TOTAL RETURN2 | 1.89 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 5,069 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.18 | %3 | ||
Expenses, prior to expense waivers | 0.28 | %3 | ||
Net investment income | 2.50 | %3 | ||
Portfolio turnover rate4 | 3 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser for the WisdomTree Fundamental U.S. Corporate Bond Fund (Note 2 and 3). |
3 | Annualized. |
4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well. |
See Notes to Financial Statements.
114 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | For the Period April 27, 2016* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 50.19 | ||
Investment operations: | ||||
Net investment income1 | 0.47 | |||
Net realized and unrealized gain | 0.20 | |||
Total from investment operations | 0.67 | |||
Dividends to shareholders: | ||||
Net investment income | (0.45 | ) | ||
Net asset value, end of period | $ | 50.41 | ||
TOTAL RETURN2 | 1.34 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 5,041 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.38 | %3 | ||
Expenses, prior to expense waivers | 0.48 | %3 | ||
Net investment income | 5.31 | %3 | ||
Portfolio turnover rate4 | 0 | % |
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | For the Period April 27, 2016* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 49.98 | ||
Investment operations: | ||||
Net investment income1 | 0.12 | |||
Net realized and unrealized gain | 0.21 | |||
Total from investment operations | 0.33 | |||
Dividends to shareholders: | ||||
Net investment income | (0.11 | ) | ||
Net asset value, end of period | $ | 50.20 | ||
TOTAL RETURN2 | 0.66 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 5,020 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.18 | %3 | ||
Expenses, prior to expense waivers | 0.28 | %3 | ||
Net investment income | 1.35 | %3 | ||
Portfolio turnover rate4 | 14 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Annualized. |
4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 115 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | For the Period April 27, 2016* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 49.95 | ||
Investment operations: | ||||
Net investment income1 | 0.51 | |||
Net realized and unrealized gain | 0.35 | |||
Total from investment operations | 0.86 | |||
Dividends to shareholders: | ||||
Net investment income | (0.49 | ) | ||
Net asset value, end of period | $ | 50.32 | ||
TOTAL RETURN2 | 1.73 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 5,032 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.38 | %3 | ||
Expenses, prior to expense waivers | 0.48 | %3 | ||
Net investment income | 5.66 | %3 | ||
Portfolio turnover rate4 | 0 | % |
WisdomTree Dynamic Bearish U.S. Equity Fund | For the Period December 23, 2015* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 24.30 | ||
Investment operations: | ||||
Net investment income1 | 0.08 | |||
Net realized and unrealized loss | (0.06 | ) | ||
Total from investment operations | 0.02 | |||
Distributions to shareholders: | ||||
Return of capital | (0.04 | ) | ||
Net asset value, end of period | $ | 24.28 | ||
TOTAL RETURN2 | 0.06 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 10,927 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.48 | %3 | ||
Expenses, prior to expense waivers | 0.53 | %3 | ||
Net investment income | 0.60 | %3 | ||
Portfolio turnover rate4 | 4 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Annualized. |
4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well. |
See Notes to Financial Statements.
116 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Financial Highlights (concluded)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Dynamic Long/Short U.S. Equity Fund | For the Period December 23, 2015* through June 30, 2016 | |||
Net asset value, beginning of period | $ | 25.13 | ||
Investment operations: | ||||
Net investment income1 | 0.24 | |||
Net realized and unrealized gain | 1.49 | |||
Total from investment operations | 1.73 | |||
Dividends to shareholders: | ||||
Net investment income | (0.16 | ) | ||
Net asset value, end of period | $ | 26.70 | ||
TOTAL RETURN2 | 6.88 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 17,358 | ||
Ratios to average net assets of: | ||||
Expenses, net of expense waivers | 0.48 | %3 | ||
Expenses, prior to expense waivers | 0.53 | %3 | ||
Net investment income | 1.80 | %3 | ||
Portfolio turnover rate4 | 70 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Annualized. |
4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation as well. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2016 | 117 |
Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December��15, 2005. As of June 30, 2016, the Trust offered 97 investment funds (each a “Fund”, collectively, the “Funds”). In accordance with Accounting Standard Update (“ASU”) 2013-08, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies. These notes relate only to the Funds listed in the table below:
Fund | Commencement of Operations | |||
WisdomTree Dynamic Currency Hedged Europe Equity Fund (“Dynamic Currency Hedged Europe Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”) | January 7, 2016 | |||
WisdomTree Dynamic Currency Hedged International Equity Fund (“Dynamic Currency Hedged International Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”) | January 7, 2016 | |||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (“Dynamic Currency Hedged International SmallCap Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”) | January 7, 2016 | |||
WisdomTree Dynamic Currency Hedged Japan Equity Fund (“Dynamic Currency Hedged Japan Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”) | January 7, 2016 | |||
WisdomTree Emerging Markets Dividend Fund (“Emerging Markets Dividend Fund”) | April 7, 2016 | |||
WisdomTree Europe Local Recovery Fund (“Europe Local Recovery Fund”) | October 29, 2015 | |||
WisdomTree Global Hedged SmallCap Dividend Fund (“Global Hedged SmallCap Dividend Fund” and also referred to herein as “Currency Hedged Equity Fund”) | November 19, 2015 | |||
WisdomTree Global SmallCap Dividend Fund (“Global SmallCap Dividend Fund”) | November 12, 2015 | |||
WisdomTree Strong Dollar Emerging Markets Equity Fund (“Strong Dollar Emerging Markets Equity Fund”) | October 29, 2015 | |||
WisdomTree Strong Dollar U.S. Equity Fund (“Strong Dollar U.S. Equity Fund”) | July 21, 2015 | |||
WisdomTree Weak Dollar U.S. Equity Fund (“Weak Dollar U.S. Equity Fund”) | July 21, 2015 | |||
WisdomTree Fundamental U.S. Corporate Bond Fund (“Fundamental U.S. Corporate Bond Fund”) | April 27, 2016 | |||
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (“Fundamental U.S. High Yield Corporate Bond Fund”) | April 27, 2016 | |||
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (“Fundamental U.S. Short-Term Corporate Bond Fund”) | April 27, 2016 | |||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (“Fundamental U.S. Short-Term High Yield Corporate Bond Fund”) | April 27, 2016 | |||
WisdomTree Dynamic Bearish U.S. Equity Fund (“Dynamic Bearish U.S. Equity Fund”) | December 23, 2015 | |||
WisdomTree Dynamic Long/Short U.S. Equity Fund (“Dynamic Long/Short U.S. Equity Fund”) | December 23, 2015 |
Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.
In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.
The following is a summary of significant accounting policies followed by the Funds:
Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain 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 increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV
118 | WisdomTree Trust Annual Report June 30, 2016 |
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Notes to Financial Statements (continued)
Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees. Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated exchange-traded funds (“ETFs” or “ETF”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the affiliated ETF has not traded on its principal exchange. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. U.S. fixed income assets may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time, except, forward foreign currency contracts on Asian currencies for Global Hedged SmallCap Dividend Fund are valued using WM/Reuters closing spot and forward rates as of 2:00 p.m. Singapore time. Swap contracts are generally marked to market daily based upon values from independent pricing service providers or quotations from broker-dealers to the extent available.
In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.
Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as
WisdomTree Trust Annual Report June 30, 2016 | 119 |
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Notes to Financial Statements (continued)
amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).
The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:
Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.
Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of the methodologies used to value Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.
The following is a summary of the fair valuations according to the inputs used as of June 30, 2016 in valuing each Fund’s assets:
Dynamic Currency Hedged Europe Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 4,636,067 | $ | — | $ | — | ||||||
Rights* | 516 | — | — | |||||||||
Total | $ | 4,636,583 | $ | — | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 8,112 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (1,314 | ) | — | ||||||||
Total - Net | $ | 4,636,583 | $ | 6,798 | $ | — |
Dynamic Currency Hedged International Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 241,810,026 | $ | — | $ | — | ||||||
Total | $ | 241,810,026 | $ | — | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 4,009,795 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (2,253,064 | ) | — | ||||||||
Total - Net | $ | 241,810,026 | $ | 1,756,731 | $ | — |
120 | WisdomTree Trust Annual Report June 30, 2016 |
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Notes to Financial Statements (continued)
Dynamic Currency Hedged International SmallCap Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Australia | $ | 305,816 | $ | 1,689 | $ | — | ||||||
United Kingdom | 373,291 | — | 1,371 | ** | ||||||||
Other* | 1,695,074 | — | — | |||||||||
Rights* | — | 58 | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 7,393 | — | |||||||||
Total | $ | 2,374,181 | $ | 9,140 | $ | 1,371 | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 31,126 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (36,086 | ) | — | ||||||||
Total - Net | $ | 2,374,181 | $ | 4,180 | $ | 1,371 |
Dynamic Currency Hedged Japan Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 4,450,710 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 26,201 | — | |||||||||
Total | $ | 4,450,710 | $ | 26,201 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 348 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (188,844 | ) | — | ||||||||
Total - Net | $ | 4,450,710 | $ | (162,295 | ) | $ | — |
Emerging Markets Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
China | $ | 555,492 | $ | 230 | $ | — | ||||||
Other* | 1,982,477 | — | — | |||||||||
Rights* | 37 | — | — | |||||||||
Warrants* | 419 | — | — | |||||||||
Total | $ | 2,538,425 | $ | 230 | $ | — | ||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (10 | ) | — | ||||||||
Total - Net | $ | 2,538,425 | $ | 220 | $ | — |
Europe Local Recovery Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 3,120,282 | $ | — | $ | — |
Global Hedged SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Exchange-Traded Fund | $ | 35,194,942 | $ | — | $ | — | ||||||
Total | $ | 35,194,942 | $ | — | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 186,058 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (544,570 | ) | — | ||||||||
Total - Net | $ | 35,194,942 | $ | (358,512 | ) | $ | — |
WisdomTree Trust Annual Report June 30, 2016 | 121 |
Table of Contents
Notes to Financial Statements (continued)
Global SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
China | $ | 795,883 | $ | 4,908 | $ | — | ||||||
Other* | 35,766,750 | — | — | |||||||||
Rights* | — | 411 | — | |||||||||
Warrants* | 14,976 | — | — | |||||||||
Exchange-Traded Note | 40,982 | — | — | |||||||||
Total | $ | 36,618,591 | $ | 5,319 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 1 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (221 | ) | — | ||||||||
Total - Net | $ | 36,618,591 | $ | 5,099 | $ | — |
Strong Dollar Emerging Markets Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 7,138,152 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 46,548 | — | |||||||||
Total | $ | 7,138,152 | $ | 46,548 | $ | — |
Strong Dollar U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,299,607 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 23,876 | — | |||||||||
Total | $ | 1,299,607 | $ | 23,876 | $ | — |
Weak Dollar U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,209,777 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 15,797 | — | |||||||||
Total | $ | 1,209,777 | $ | 15,797 | $ | — |
Fundamental U.S. Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 5,008,061 | $ | — |
Fundamental U.S. High Yield Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 4,890,179 | $ | — |
Fundamental U.S. Short-Term Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 4,969,951 | $ | — |
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 4,839,941 | $ | — |
Dynamic Bearish U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 10,896,299 | $ | — | $ | — | ||||||
Total | $ | 10,896,299 | $ | — | $ | — | ||||||
Unrealized Appreciation on Swap Contracts | — | 16,472 | — | |||||||||
Total - Net | $ | 10,896,299 | $ | 16,472 | $ | — |
122 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Notes to Financial Statements (continued)
Dynamic Long/Short U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 17,337,806 | $ | — | $ | — |
* | Please refer to Schedule of Investments for a breakdown of the valuation by industry type and country. |
** | Securities are being fair valued by the Pricing Committee. |
The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.
There were no transfers into or out of any fair value measurement levels during the periods ended June 30, 2016.
Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts and swaps contracts during the period ended June 30, 2016 which are detailed in each Fund’s schedule of investments. All of the derivative instruments disclosed and described herein are subject to credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the security or where the counterparty to a derivative contract might default on its obligations. The Funds’ derivative agreements contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at June 30, 2016 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on page 128. At June 30, 2016, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.
As of June 30, 2016, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:
Fund | Asset Derivatives | Liability Derivatives | ||||||||||
Balance Sheet Location | Value | Balance Sheet Location | Value | |||||||||
Dynamic Currency Hedged Europe Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | 8,112 | Unrealized depreciation on foreign currency contracts | $ | 1,314 | ||||||
Dynamic Currency Hedged International Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 4,009,795 | Unrealized depreciation on foreign currency contracts | 2,253,064 | ||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 31,126 | Unrealized depreciation on foreign currency contracts | 36,086 | ||||||||
Dynamic Currency Hedged Japan Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 348 | Unrealized depreciation on foreign currency contracts | 188,844 | ||||||||
Emerging Markets Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 10 | ||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 186,058 | Unrealized depreciation on foreign currency contracts | 544,570 | ||||||||
Global SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 1 | Unrealized depreciation on foreign currency contracts | 221 | ||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||
Equity contracts | Unrealized appreciation on swap contracts | 16,472 | Unrealized depreciation on swap contracts | — |
WisdomTree Trust Annual Report June 30, 2016 | 123 |
Table of Contents
Notes to Financial Statements (continued)
For the periods ended June 30, 2016, the effect of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:
Fund | Amount of Realized Gain or (Loss) on Derivatives Recognized1 | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized2 | ||||||
Dynamic Currency Hedged Europe Equity Fund3 | ||||||||
Foreign exchange contracts | $ | 13,246 | $ | 6,798 | ||||
Dynamic Currency Hedged International Equity Fund3 | ||||||||
Foreign exchange contracts | 124,370 | 1,756,731 | ||||||
Dynamic Currency Hedged International SmallCap Equity Fund3 | ||||||||
Foreign exchange contracts | (48,764 | ) | (4,960 | ) | ||||
Dynamic Currency Hedged Japan Equity Fund3 | ||||||||
Foreign exchange contracts | (86,360 | ) | (188,496 | ) | ||||
Emerging Markets Dividend Fund4 | ||||||||
Foreign exchange contracts | (631 | ) | (10 | ) | ||||
Europe Local Recovery Fund5 | ||||||||
Foreign exchange contracts | (1,519 | ) | — | |||||
Global Hedged SmallCap Dividend Fund6 | ||||||||
Foreign exchange contracts | (711,317 | ) | (358,512 | ) | ||||
Global SmallCap Dividend Fund7 | ||||||||
Foreign exchange contracts | 758 | (220 | ) | |||||
Strong Dollar Emerging Markets Equity Fund5 | ||||||||
Foreign exchange contracts | (34,075 | ) | — | |||||
Dynamic Bearish U.S. Equity Fund8 | ||||||||
Equity contracts | (1,578,839 | ) | 16,472 | |||||
Dynamic Long/Short U.S. Equity Fund8 | ||||||||
Equity contracts | 67,471 | — |
1 | Realized gains (losses) on derivatives are located on the Statements of Operations as follows: |
Foreign exchange contracts | Net realized gain (loss) from foreign currency contracts and foreign currency related transactions | |
Equity contracts | Net realized gain (loss) from swap contracts |
2 | Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows: |
Foreign exchange contracts | Net change in unrealized appreciation (depreciation) from foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | |
Equity contracts | Net change in unrealized appreciation (depreciation) from swap contracts |
3 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
4 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
5 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
6 | For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
7 | For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
8 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
124 | WisdomTree Trust Annual Report June 30, 2016 |
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Notes to Financial Statements (continued)
During the period ended June 30, 2016, the volume of derivative activity (based on the average of month-end balances) for the Funds was as follows:
Average Notional | ||||||||||||
Fund | Foreign currency contracts (to deliver) | Foreign currency contracts (to receive) | Swap contracts | |||||||||
Dynamic Currency Hedged Europe Equity Fund1 |
| |||||||||||
Foreign exchange contracts | $ | 2,677,572 | $ | 5,041,249 | $ | — | ||||||
Dynamic Currency Hedged International Equity Fund1 |
| |||||||||||
Foreign exchange contracts | 70,687,431 | 138,412,194 | — | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund1 |
| |||||||||||
Foreign exchange contracts | 1,395,248 | 2,691,090 | — | |||||||||
Dynamic Currency Hedged Japan Equity Fund1 |
| |||||||||||
Foreign exchange contracts | 2,159,241 | 4,282,116 | — | |||||||||
Emerging Markets Dividend Fund2 |
| |||||||||||
Foreign exchange contracts | 1,117 | 522 | — | |||||||||
Europe Local Recovery Fund3 |
| |||||||||||
Foreign exchange contracts | 897 | 575 | — | |||||||||
Global Hedged SmallCap Dividend Fund4 |
| |||||||||||
Foreign exchange contracts | 13,509,767 | 26,478,452 | — | |||||||||
Global SmallCap Dividend Fund5 |
| |||||||||||
Foreign exchange contracts | 10,235 | 12,310 | — | |||||||||
Strong Dollar Emerging Markets Equity Fund3 |
| |||||||||||
Foreign exchange contracts | 291 | 676 | — | |||||||||
Dynamic Bearish U.S. Equity Fund6 |
| |||||||||||
Equity contracts | — | — | 8,864,184 | |||||||||
Dynamic Long/Short U.S. Equity Fund6 |
| |||||||||||
Equity contracts | — | — | 1,244,146 |
1 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
2 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
3 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
4 | For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
5 | For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
6 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income including amortization of premiums and discounts, is accrued daily.
Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statements of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from foreign currency contracts and translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.
WisdomTree Trust Annual Report June 30, 2016 | 125 |
Table of Contents
Notes to Financial Statements (continued)
Expenses/Reimbursements — Under the investment advisory agreement for each Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.
The internal expenses of pooled investment vehicles in which the Funds may invest (acquired fund fees and expenses) are not expenses of the Funds and are not paid by WTAM.
Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.
Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the Currency Hedged Equity Funds, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.
Forward Foreign Currency Contracts — A forward foreign currency contract (“Forward Contract”) involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.
Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.
Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold.
Currency, Interest Rate and Total Return Swaps — The Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund each may enter into swap agreements, including interest rate swaps, currency swaps and total return swaps. A typical interest rate swap involves the exchange of a floating interest rate payment for a fixed interest rate payment. A typical foreign cross-currency swap involves the exchange of cash flows based on the notional difference among two or more currencies (e.g., the U.S. dollar and the Brazilian real). A typical total return swap involves the payment of the total return on a reference asset in return for payments equal to a rate of interest on another reference asset. The total return typically includes appreciation or depreciation on the reference asset, plus any interest or dividend payments. Swap agreements may be used to achieve exposure to, for example, currencies, interest rates, indexes and money market securities without actually purchasing such currencies or securities. The Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund each may use swap agreements to invest in a market without owning or taking physical custody of the underlying securities in circumstances in which direct investment is restricted for legal reasons or is otherwise impracticable. Swap agreements will tend to shift a Fund’s investment exposure from one type of investment to another or from one payment stream to another. Depending on their structure, swap agreements may increase or decrease a Fund’s exposure to long- or short-term interest rates (in the United States or abroad), foreign currencies, corporate borrowing rates, or other factors, and may increase or decrease the overall volatility of a Fund’s investments and its share price.
Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the
126 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Notes to Financial Statements (continued)
investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.
Master Netting Arrangements — ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.
In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.
Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.
A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower. For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and
WisdomTree Trust Annual Report June 30, 2016 | 127 |
Table of Contents
Notes to Financial Statements (continued)
Liabilities. As of June 30, 2016, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:
Assets | Liabilities | |||||||||||||||||||||||||||||||||||
Gross Amounts in the Statements of Assets and Liabilities | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Gross Amounts in the Statements of Assets and Liabilities | Gross Amounts Not Offset in the Statements of Assets and Liabilities | |||||||||||||||||||||||||||||||||
Fund | Financial Instruments | Collateral Received | Net Amount | Financial Instruments | Collateral Pledged | Net Amount | ||||||||||||||||||||||||||||||
Dynamic Currency Hedged Europe Equity Fund |
| |||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | $ | 8,112 | $ | — | $ | — | $ | 8,112 | $ | 1,314 | $ | — | $ | — | $ | 1,314 | ||||||||||||||||||||
Dynamic Currency Hedged International Equity Fund |
| |||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | 4,009,795 | — | — | 4,009,795 | 2,253,064 | — | — | 2,253,064 | ||||||||||||||||||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund |
| |||||||||||||||||||||||||||||||||||
Securities Lending | 7,020 | — | (7,020 | )1 | — | — | — | — | — | |||||||||||||||||||||||||||
Foreign Currency Contracts | 31,126 | — | — | 31,126 | 36,086 | — | — | 36,086 | ||||||||||||||||||||||||||||
Dynamic Currency Hedged Japan Equity Fund |
| |||||||||||||||||||||||||||||||||||
Securities Lending | 25,056 | — | (25,056 | )1 | — | — | — | — | — | |||||||||||||||||||||||||||
Foreign Currency Contracts | 348 | — | — | 348 | 188,844 | — | — | 188,844 | ||||||||||||||||||||||||||||
Emerging Markets Dividend Fund | ||||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 10 | — | — | 10 | ||||||||||||||||||||||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | 186,058 | (51 | ) | — | 186,007 | 544,570 | (51 | ) | — | 544,519 | ||||||||||||||||||||||||||
Global SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | 1 | — | — | 1 | 221 | — | — | 221 | ||||||||||||||||||||||||||||
Strong Dollar Emerging Markets Equity Fund |
| |||||||||||||||||||||||||||||||||||
Securities Lending | 43,449 | — | (43,449 | )1 | — | — | — | — | — | |||||||||||||||||||||||||||
Strong Dollar U.S. Equity Fund | ||||||||||||||||||||||||||||||||||||
Securities Lending | 29,592 | — | (29,592 | )1 | — | — | — | — | — | |||||||||||||||||||||||||||
Weak Dollar U.S. Equity Fund | ||||||||||||||||||||||||||||||||||||
Securities Lending | 15,389 | — | (15,389 | )1 | — | — | — | — | — | |||||||||||||||||||||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||||||||||||||||||||||||||
Swap Contracts | 16,472 | — | — | 16,472 | — | — | — | — |
1 | The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. |
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.
128 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Notes to Financial Statements (continued)
3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management Corporation (‘‘MCM’’) to provide sub-advisory services to the Funds, except for Fundamental U.S. Corporate Bond Fund, Fundamental U.S. High Yield Corporate Bond Fund, Fundamental U.S. Short-Term Corporate Bond Fund and Fundamental U.S. Short-Term High Yield Corporate Bond Fund which are sub-advised by Voya Investment Management Co., LLC (‘‘Voya IM’’). MCM and Voya IM are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:
Fund | Advisory Fee Rate | |||
Dynamic Currency Hedged Europe Equity Fund | 0.48 | %1 | ||
Dynamic Currency Hedged International Equity Fund | 0.40 | %2 | ||
Dynamic Currency Hedged International SmallCap Equity Fund | 0.48 | %1 | ||
Dynamic Currency Hedged Japan Equity Fund | 0.48 | %1 | ||
Emerging Markets Dividend Fund | 0.32 | % | ||
Europe Local Recovery Fund | 0.58 | %3 | ||
Global Hedged SmallCap Dividend Fund | 0.43 | %4 | ||
Global SmallCap Dividend Fund | 0.43 | % | ||
Strong Dollar Emerging Markets Equity Fund | 0.58 | % | ||
Strong Dollar U.S. Equity Fund | 0.33 | % | ||
Weak Dollar U.S. Equity Fund | 0.33 | % | ||
Fundamental U.S. Corporate Bond Fund | 0.28 | %5 | ||
Fundamental U.S. High Yield Corporate Bond Fund | 0.48 | %6 | ||
Fundamental U.S. Short-Term Corporate Bond Fund | 0.28 | %5 | ||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 0.48 | %6 | ||
Dynamic Bearish U.S. Equity Fund | 0.53 | %7 | ||
Dynamic Long/Short U.S. Equity Fund | 0.53 | %7 |
1 | WTAM has contractually agreed to limit the advisory fee to 0.43% through January 5, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason. |
2 | WTAM has contractually agreed to limit the advisory fee to 0.35% through January 5, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason. |
3 | WTAM has contractually agreed to limit the advisory fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason. |
4 | WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund through July 31, 2018, unless earlier terminated by the Board of Trustees the Trust for any reason. |
5 | WTAM has contractually agreed to limit the advisory fee to 0.18% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason. |
6 | WTAM has contractually agreed to limit the advisory fee to 0.38% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason. |
7 | WTAM has contractually agreed to limit the advisory fee to 0.48% through December 10, 2016, unless earlier terminated by the Board of Trustees of the Trust for any reason. |
Each Fund may purchase shares of affiliated ETFs in secondary market transactions to reduce cash balances. For these transactions, WTAM waives its advisory fees for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are shown in the Statements of Operations.
Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the period ended June 30, 2016 are as follows:
Fund | Value at 11/19/20151 | Purchases/ Additions | Sales/ Reductions | Value at 6/30/2016 | Dividend Income | |||||||||||||||
Global Hedged SmallCap Dividend Fund1 |
| |||||||||||||||||||
WisdomTree Global SmallCap Dividend Fund | $ | — | $ | 33,653,532 | $ | 3,633,443 | $ | 35,194,942 | $ | 494,233 |
1 | Commencement of operations. |
WisdomTree Trust Annual Report June 30, 2016 | 129 |
Table of Contents
Notes to Financial Statements (continued)
During the period ended June 30, 2016, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were at fair value and complied with Rule 17a-7 under the 1940 Act. For the periods ended June 30, 2016, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:
Fund | Purchases | Sales | Net Realized Gain/Loss | |||||||||
Dynamic Currency Hedged Europe Equity Fund1 | $ | 62,533 | $ | 305,433 | $ | (26,962 | ) | |||||
Dynamic Currency Hedged International Equity Fund1 | 4,710,319 | 12,014,467 | 40,076 | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund1 | 242,827 | 240,061 | (37,503 | ) | ||||||||
Dynamic Currency Hedged Japan Equity Fund1 | 146,165 | 254,059 | (25,218 | ) | ||||||||
Europe Local Recovery Fund2 | 126,734 | 265,201 | (25,856 | ) |
1 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
2 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
4. CAPITAL SHARE TRANSACTIONS
As of June 30, 2016, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the periods ended June 30, 2016 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
In-kind Capital Share Transactions | ||||||||||||||||
Fund | Purchases | Sales | Purchases | Sales | ||||||||||||
Dynamic Currency Hedged Europe Equity Fund1 | $ | 1,114,011 | $ | 1,104,800 | $ | 4,637,906 | $ | — | ||||||||
Dynamic Currency Hedged International Equity Fund1 | 37,688,280 | 35,108,631 | 252,442,784 | — | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund1 | 1,226,405 | 1,255,974 | 2,456,276 | — | ||||||||||||
Dynamic Currency Hedged Japan Equity Fund1 | 931,630 | 1,250,000 | 4,752,418 | — | ||||||||||||
Emerging Markets Dividend Fund2 | 1,126,218 | 105,906 | 1,444,299 | — | ||||||||||||
Europe Local Recovery Fund3 | 877,216 | 747,359 | 3,583,452 | — | ||||||||||||
Global Hedged SmallCap Dividend Fund4 | 810,638 | 1,639,127 | 32,842,894 | 1,994,316 | ||||||||||||
Global SmallCap Dividend Fund5 | 3,818,603 | 2,001,477 | 32,109,115 | 2,353,702 | ||||||||||||
Strong Dollar Emerging Markets Equity Fund3 | 9,658,920 | 3,675,463 | 1,027,475 | — | ||||||||||||
Strong Dollar U.S. Equity Fund6 | 391,396 | 377,785 | 2,502,086 | 1,214,204 | ||||||||||||
Weak Dollar U.S. Equity Fund6 | 335,229 | 344,443 | 2,508,798 | 1,223,292 | ||||||||||||
Fundamental U.S. Corporate Bond Fund7 | 5,109,705 | 162,838 | — | — | ||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund7 | 4,854,839 | — | — | — | ||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund7 | 5,518,669 | 668,070 | — | — | ||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund7 | 4,811,138 | — | — | — | ||||||||||||
Dynamic Bearish U.S. Equity Fund8 | 9,742,832 | 201,705 | 7,224,368 | 6,071,287 | ||||||||||||
Dynamic Long/Short U.S. Equity Fund8 | 6,213,746 | 6,094,033 | 18,330,183 | 1,282,515 |
1 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
130 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Notes to Financial Statements (continued)
2 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
3 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
4 | For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
5 | For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
6 | For the period July 21, 2015 (commencement of operations) through June 30, 2016. |
7 | For the period April 27, 2016 (commencement of operations) through June 30, 2016. |
8 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
6. FEDERAL INCOME TAXES
At June 30, 2016, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:
Fund | Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation/ (Depreciation) | ||||||||||||
Dynamic Currency Hedged Europe Equity Fund | $ | 4,628,609 | $ | 234,918 | $ | (226,944 | ) | $ | 7,974 | |||||||
Dynamic Currency Hedged International Equity Fund | 250,674,192 | 4,364,499 | (13,228,665 | ) | (8,864,166 | ) | ||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 2,381,579 | 137,734 | (134,621 | ) | 3,113 | |||||||||||
Dynamic Currency Hedged Japan Equity Fund | 4,393,802 | 284,511 | (201,402 | ) | 83,109 | |||||||||||
Emerging Markets Dividend Fund | 2,451,832 | 146,190 | (59,367 | ) | 86,823 | |||||||||||
Europe Local Recovery Fund | 3,652,384 | 64,246 | (596,348 | ) | (532,102 | ) | ||||||||||
Global Hedged SmallCap Dividend Fund | 30,309,781 | 4,885,161 | — | 4,885,161 | ||||||||||||
Global SmallCap Dividend Fund | 31,708,505 | 5,836,169 | (920,764 | ) | 4,915,405 | |||||||||||
Strong Dollar Emerging Markets Equity Fund | 7,010,431 | 465,267 | (290,998 | ) | 174,269 | |||||||||||
Strong Dollar U.S. Equity Fund | 1,261,903 | 128,370 | (66,790 | ) | 61,580 | |||||||||||
Weak Dollar U.S. Equity Fund | 1,234,661 | 74,320 | (83,407 | ) | (9,087 | ) | ||||||||||
Fundamental U.S. Corporate Bond Fund | 4,938,847 | 71,231 | (2,017 | ) | 69,214 | |||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 4,850,516 | 79,918 | (40,255 | ) | 39,663 | |||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 4,951,015 | 20,283 | (1,347 | ) | 18,936 | |||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 4,809,766 | 55,640 | (25,465 | ) | 30,175 | |||||||||||
Dynamic Bearish U.S. Equity Fund | 10,698,145 | 480,147 | (281,993 | ) | 198,154 | |||||||||||
Dynamic Long/Short U.S. Equity Fund | 17,118,651 | 813,682 | (594,527 | ) | 219,155 |
At June 30, 2016, the components of accumulated earnings/(loss) on a tax-basis were as follows:
Fund | Undistributed Ordinary Income | Undistributed Capital and Other Losses | Net Unrealized Appreciation/ (Depreciation) | Currency and Other Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/(Losses) | |||||||||||||||
Dynamic Currency Hedged Europe Equity Fund | $ | 32,869 | $ | (22,180 | ) | $ | 7,974 | $ | (223 | ) | $ | 18,440 | ||||||||
Dynamic Currency Hedged International Equity Fund | 502,119 | (2,440,517 | ) | (8,864,166 | ) | (82,295 | ) | (10,884,859 | ) | |||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 9,168 | (110,421 | ) | 3,113 | (1,060 | ) | (99,200 | ) | ||||||||||||
Dynamic Currency Hedged Japan Equity Fund | 11,043 | (341,394 | ) | 83,109 | 393 | (246,849 | ) | |||||||||||||
Emerging Markets Dividend Fund | 21,704 | (7,539 | ) | 86,823 | (275 | ) | 100,713 | |||||||||||||
Europe Local Recovery Fund | 4,571 | (59,293 | ) | (532,102 | ) | (80 | ) | (586,904 | ) | |||||||||||
Global Hedged SmallCap Dividend Fund | 7,284 | (944,277 | ) | 4,885,161 | (37,738 | ) | 3,910,430 | |||||||||||||
Global SmallCap Dividend Fund | 121,647 | (154,296 | ) | 4,915,405 | (413 | ) | 4,882,343 | |||||||||||||
Strong Dollar Emerging Markets Equity Fund | 22,320 | (57,576 | ) | 174,269 | 111 | 139,124 | ||||||||||||||
Strong Dollar U.S. Equity Fund | 3,879 | (24,419 | ) | 61,580 | — | 41,040 | ||||||||||||||
Weak Dollar U.S. Equity Fund | 2,106 | (34,053 | ) | (9,087 | ) | — | (41,034 | ) | ||||||||||||
Fundamental U.S. Corporate Bond Fund | 1,230 | (138 | ) | 69,214 | — | 70,306 | ||||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 2,337 | — | 39,663 | — | 42,000 | |||||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 1,001 | (818 | ) | 18,936 | — | 19,119 | ||||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 1,502 | — | 30,175 | — | 31,677 | |||||||||||||||
Dynamic Bearish U.S. Equity Fund | — | (423,445 | ) | 198,154 | — | (225,291 | ) | |||||||||||||
Dynamic Long/Short U.S. Equity Fund | 236,356 | (209,053 | ) | 219,155 | — | 246,458 |
WisdomTree Trust Annual Report June 30, 2016 | 131 |
Table of Contents
Notes to Financial Statements (continued)
The tax character of distributions paid during the periods ended June 30, 2016, was as follows:
Periods Ended June 30, 2016 | ||||||||||||
Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Long-Term Capital Gains | Distributions Paid from Return of Capital | |||||||||
Dynamic Currency Hedged Europe Equity Fund1 | $ | 113,002 | $ | — | $ | — | ||||||
Dynamic Currency Hedged International Equity Fund1 | 2,752,751 | — | — | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund1 | 47,502 | — | — | |||||||||
Dynamic Currency Hedged Japan Equity Fund1 | 37,001 | — | — | |||||||||
Emerging Markets Dividend Fund2 | 12,501 | — | — | |||||||||
Europe Local Recovery Fund3 | 73,190 | — | — | |||||||||
Global Hedged SmallCap Dividend Fund4 | 459,192 | — | — | |||||||||
Global SmallCap Dividend Fund5 | 511,968 | — | — | |||||||||
Strong Dollar Emerging Markets Equity Fund3 | 2,068 | — | — | |||||||||
Strong Dollar U.S. Equity Fund6 | 24,832 | — | — | |||||||||
Weak Dollar U.S. Equity Fund6 | 21,554 | — | — | |||||||||
Fundamental U.S. Corporate Bond Fund7 | 21,000 | — | — | |||||||||
Fundamental U.S. High Yield Corporate Bond Fund7 | 45,001 | — | — | |||||||||
Fundamental U.S. Short-Term Corporate Bond Fund7 | 11,000 | — | — | |||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund7 | 49,001 | — | — | |||||||||
Dynamic Bearish U.S. Equity Fund8 | — | — | 15,750 | |||||||||
Dynamic Long/Short U.S. Equity Fund8 | 56,252 | — | — |
* | Includes short-term capital gains if any. |
1 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
2 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
3 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
4 | For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
5 | For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
6 | For the period July 21, 2015 (commencement of operations) through June 30, 2016. |
7 | For the period April 27, 2016 (commencement of operations) through June 30, 2016. |
8 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
At June 30, 2016, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
Fund | Short-Term Post-Effective No Expiration | Long-Term Post-Effective No Expiration | Capital Loss Available Total | |||||||||
Dynamic Currency Hedged Europe Equity Fund | $ | 20,788 | $ | 1,392 | $ | 22,180 | ||||||
Dynamic Currency Hedged International Equity Fund | 2,440,517 | — | 2,440,517 | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 78,190 | 32,231 | 110,421 | |||||||||
Dynamic Currency Hedged Japan Equity Fund | 176,490 | 164,904 | 341,394 | |||||||||
Emerging Markets Dividend Fund | 7,539 | — | 7,539 | |||||||||
Europe Local Recovery Fund | 7 | 10 | 17 | |||||||||
Global Hedged SmallCap Dividend Fund | 389,960 | 554,317 | 944,277 | |||||||||
Global SmallCap Dividend Fund | 153,941 | 355 | 154,296 | |||||||||
Strong Dollar Emerging Markets Equity Fund | 55,884 | 1,692 | 57,576 | |||||||||
Strong Dollar U.S. Equity Fund | 650 | — | 650 | |||||||||
Weak Dollar U.S. Equity Fund | 4,609 | — | 4,609 | |||||||||
Fundamental U.S. Corporate Bond Fund | 138 | — | 138 | |||||||||
Fundamental U.S. High Yield Corporate Bond Fund | — | — | — | |||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 818 | — | 818 | |||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | — | — | — | |||||||||
Dynamic Bearish U.S. Equity Fund | 423,445 | — | 423,445 | |||||||||
Dynamic Long/Short U.S. Equity Fund | 209,053 | — | 209,053 |
132 | WisdomTree Trust Annual Report June 30, 2016 |
Table of Contents
Notes to Financial Statements (continued)
Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.
During the periods ended June 30, 2016, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:
Fund | Late Year Ordinary Loss | Short-Term Post-October Capital Losses | Long-Term Post-October Capital Losses | |||||||||
Dynamic Currency Hedged Europe Equity Fund1 | $ | — | $ | — | $ | — | ||||||
Dynamic Currency Hedged International Equity Fund1 | — | — | — | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund1 | — | — | — | |||||||||
Dynamic Currency Hedged Japan Equity Fund1 | — | — | — | |||||||||
Emerging Markets Dividend Fund2 | — | — | — | |||||||||
Europe Local Recovery Fund3 | — | 59,180 | 96 | |||||||||
Global Hedged SmallCap Dividend Fund4 | — | — | — | |||||||||
Global SmallCap Dividend Fund5 | — | — | — | |||||||||
Strong Dollar Emerging Markets Equity Fund3 | — | — | — | |||||||||
Strong Dollar U.S. Equity Fund6 | — | 24,046 | (277 | ) | ||||||||
Weak Dollar U.S. Equity Fund6 | — | 29,444 | — | |||||||||
Fundamental U.S. Corporate Bond Fund7 | — | — | — | |||||||||
Fundamental U.S. High Yield Corporate Bond Fund7 | — | — | — | |||||||||
Fundamental U.S. Short-Term Corporate Bond Fund7 | — | — | — | |||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund7 | — | — | — | |||||||||
Dynamic Bearish U.S. Equity Fund8 | — | — | — | |||||||||
Dynamic Long/Short U.S. Equity Fund8 | — | — | — |
1 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
2 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
3 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
4 | For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
5 | For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
6 | For the period July 21, 2015 (commencement of operations) through June 30, 2016. |
7 | For the period April 27, 2016 (commencement of operations) through June 30, 2016. |
8 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
At June 30, 2016, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:
Fund | Undistributed Net Investment Income/(Loss) | Accumulated Net Realized Gain/(Loss) | Paid-in Capital | |||||||||
Dynamic Currency Hedged Europe Equity Fund | $ | 20,302 | $ | (20,302 | ) | $ | — | |||||
Dynamic Currency Hedged International Equity Fund | 162,931 | (162,931 | ) | — | ||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 3,123 | (3,123 | ) | — | ||||||||
Dynamic Currency Hedged Japan Equity Fund | (1,851 | ) | 1,851 | — | ||||||||
Emerging Markets Dividend Fund | (1,789 | ) | 1,789 | — | ||||||||
Europe Local Recovery Fund | 325 | (220 | ) | (105 | ) | |||||||
Global Hedged SmallCap Dividend Fund | (27,084 | ) | (201,890 | ) | 228,974 | |||||||
Global SmallCap Dividend Fund | 4,716 | (291,749 | ) | 287,033 | ||||||||
Strong Dollar Emerging Markets Equity Fund | (2,331 | ) | 2,331 | — | ||||||||
Strong Dollar U.S. Equity Fund | — | 32,769 | (32,769 | ) | ||||||||
Weak Dollar U.S. Equity Fund | — | 20,379 | (20,379 | ) | ||||||||
Fundamental U.S. Corporate Bond Fund | — | — | — | |||||||||
Fundamental U.S. High Yield Corporate Bond Fund | — | — | — | |||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | — | — | — | |||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | — | — | — | |||||||||
Dynamic Bearish U.S. Equity Fund | (48,012 | ) | 1,150,225 | (1,102,213 | ) | |||||||
Dynamic Long/Short U.S. Equity Fund | 213,145 | (227,794 | ) | 14,649 |
WisdomTree Trust Annual Report June 30, 2016 | 133 |
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Notes to Financial Statements (concluded)
These differences are primarily due to redemptions-in-kind, distribution re-designations, non-deductible excise tax, passive foreign investment companies (“PFICs”) and swaps.
GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the periods ended June 30, 2016, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. The current tax year ended June 30, 2016 remains subject to examination by taxing authorities.
134 | WisdomTree Trust Annual Report June 30, 2016 |
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Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Dynamic Currency Hedged Europe Equity Fund, WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Local Recovery Fund, WisdomTree Global Hedged SmallCap Dividend Fund, WisdomTree Global SmallCap Dividend Fund, WisdomTree Strong Dollar Emerging Markets Equity Fund, WisdomTree Strong Dollar U.S. Equity Fund, WisdomTree Weak Dollar U.S. Equity Fund, WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund, WisdomTree Dynamic Bearish U.S. Equity Fund and WisdomTree Dynamic Long/Short U.S. Equity Fund, seventeen of the investment funds constituting the WisdomTree Trust (the “Trust”), as of June 30, 2016, and the related statements of operations, the statements of changes in net assets and the financial highlights for each of the periods presented therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of June 30, 2016, by correspondence with the custodian and others, or by other appropriate auditing procedures where replies from others were not received. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Dynamic Currency Hedged Europe Equity Fund, WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Local Recovery Fund, WisdomTree Global Hedged SmallCap Dividend Fund, WisdomTree Global SmallCap Dividend Fund, WisdomTree Strong Dollar Emerging Markets Equity Fund, WisdomTree Strong Dollar U.S. Equity Fund, WisdomTree Weak Dollar U.S. Equity Fund, WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund, WisdomTree Dynamic Bearish U.S. Equity Fund and WisdomTree Dynamic Long/Short U.S. Equity Fund, seventeen of the investment funds constituting the WisdomTree Trust, at June 30, 2016, the results of their operations, the changes in their net assets and the financial highlights for each of the periods presented therein, in conformity with U.S. generally accepted accounting principles.
New York, New York
August 25, 2016
WisdomTree Trust Annual Report June 30, 2016 | 135 |
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Approval of Investment Advisory and Sub-Advisory Agreements (unaudited)
Approval of Investment Advisory and Sub-Advisory Agreements with respect to the WisdomTree Dynamic Currency Hedged Europe Equity Fund, WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, and the WisdomTree Emerging Markets Dividend Fund (each, a “Fund” and, collectively, the “Funds”)
At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on December 10-11, 2015, the Trustees (the “Trustees”), including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide each Fund with investment advisory services, and the Sub-Advisory Agreement (together with the Advisory Agreement, the “Agreements”), pursuant to which Mellon Capital Management Corporation (the “Sub-Adviser”) will coordinate the investment and reinvestment of the assets of each Fund.
In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM and Broadridge Financial Solutions, Inc., an independent provider of investment company data. The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.
Analysis of Nature, Extent, and Quality of Services to be Provided to the Funds. The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the proposed role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to the Funds. The Board noted that the strategies represented by the Funds are unique, based on WTI’s intellectual property and are only available for use by the Funds through WTAM. The Board noted WTAM’s belief that shareholders will invest in the Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Adviser and oversight of, and the provision of consultation to, the Sub-Adviser with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM will provide oversight of day-to-day Fund operations, including fund accounting, tax matters, administration, compliance and legal assistance in meeting disclosure and regulatory requirements.
Based on review of this information and the other factors considered at the meeting, the Board concluded that the nature, extent and quality of services to be provided by WTAM and the Sub-Adviser under the Advisory Agreement and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the Agreements.
Comparative Analysis of the Funds’ Performance, Advisory Fees and Fund Expenses. As the Funds had not yet commenced operations, the Board was not able to review the Funds’ performance. The Board discussed with WTAM representatives the portfolio management team and the investment strategies to be employed in the management of each Fund’s assets. The Board noted the reputation and experience of WTAM and the Sub-Adviser.
The Board considered the fees to be paid to WTAM by each Fund. The Board examined the fee to be paid by each Fund in light of fees paid to other investment advisers by comparable funds and the method of computing the Fund’s fee. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by each Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fees will be paid by WTAM (out of its fees paid by the Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM will provide to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk to be borne by WTAM that is associated with the Funds’ unitary fee structure, which includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund grows to a sufficient size. Based on this review, the Board concluded that the fees to be paid to WTAM and the Sub-Adviser supported the Board’s approval of the Agreements.
136 | WisdomTree Trust Annual Report June 30, 2016 |
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Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) (continued)
Analysis of Profitability and Economies of Scale. As the Funds had not yet commenced operations, WTAM representatives were not able to review the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-adviser, respectively. The Board also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements and their ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Funds had not yet commenced operations, economies of scale were not a factor, but, to the extent in the future it were determined that material economies of scale had not been shared with the Funds, the Board would seek to have those economies of scale shared with the Funds in connection with future renewals.
* * * * * *
In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of other funds advised by WTAM and the Sub-Adviser. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the Agreements.
Approval of Investment Advisory and Sub-Advisory Agreements with respect to the WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, and the WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (each, a “Fund” and, collectively, the “Funds”)
At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on March 21-22, 2016, the Trustees (the “Trustees”), including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide each Fund with investment advisory services, and the Sub-Advisory Agreement (together with the Advisory Agreement, the “Agreements”), pursuant to which Voya Investment Management Co. LLC (“Voya” or the “Sub-Adviser”) will coordinate the investment and reinvestment of the assets of each Fund.
In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM and Broadridge Financial Solutions, Inc., an independent provider of investment company data. The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of WTAM and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.
Analysis of Nature, Extent, and Quality of Services to be Provided to the Funds. The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s operational capabilities and resources. The Board considered WTAM’s reasons for recommending that Voya be appointed as the sub-adviser to the Funds, including its due diligence concerning Voya. WTAM representatives noted Voya’s expertise in fixed income portfolio management, performance track record, understanding of the exchange-traded fund business and experience managing rules-based passive strategies. The Board also received materials from Voya detailing its investment philosophy and met with representatives of Voya, who discussed with the Board that investment philosophy and process and the backgrounds and qualifications of the fixed income investment grade and high yield credit portfolio management teams. The Board also discussed the proposed role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to the Funds. The Board noted that the strategies represented by the Funds are unique, based on WTI’s intellectual property and are only available for use by the Funds through WTAM. The Board noted WTAM’s belief that shareholders will invest in the Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Adviser and oversight of, and the provision of consultation to, the Sub-Adviser with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM will provide oversight of day-to-day Fund operations, including fund accounting, tax matters, administration, compliance and legal assistance in meeting disclosure and regulatory requirements.
Based on review of this information and the other factors considered at the meeting, the Board concluded that the nature, extent and quality of services to be provided by WTAM and the Sub-Adviser under the Advisory Agreement and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the Agreements.
WisdomTree Trust Annual Report June 30, 2016 | 137 |
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Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) (continued)
Comparative Analysis of the Funds’ Performance, Advisory Fees and Fund Expenses. As the Funds had not yet commenced operations, the Board was not able to review the Funds’ performance. The Board discussed with representatives of WTAM and Voya the portfolio management team and the investment strategies to be employed in the management of each Fund’s assets. The Board noted the reputation and experience of WTAM and Voya.
The Board considered the fees to be paid to WTAM by each Fund. The Board examined the fee to be paid by each Fund in light of fees paid to other investment advisers by comparable funds and the method of computing the Fund’s fee. The Board noted the proposed fee waiver arrangements. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by each Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fees will be paid by WTAM (out of its fees paid by the Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM will provide to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk to be borne by WTAM that is associated with the Funds’ unitary fee structure, which includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund grows to a sufficient size. Based on this review, the Board concluded that the fees to be paid to WTAM and the Sub-Adviser supported the Board’s approval of the Agreements.
Analysis of Profitability and Economies of Scale. As the Funds had not yet commenced operations, WTAM representatives were not able to review the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-adviser, respectively. The Board also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements and their ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Funds had not yet commenced operations, economies of scale were not a factor, but, to the extent in the future it were determined that material economies of scale had not been shared with the Funds, the Board would seek to have those economies of scale shared with the Funds in connection with future renewals.
* * * * * *
In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its knowledge, gained through meetings and other interactions with WTAM and the Sub-Advisers, of other funds advised by WTAM and the Sub-Advisers. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the Agreements.
138 | WisdomTree Trust Annual Report June 30, 2016 |
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Trustees and Officers Information (unaudited)
The Board of Trustees is responsible for overseeing the management and affairs of the Funds and the Trust. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.
The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.
Independent Trustees
Name and Year of Birth | Position(s) Held with | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other Directorships Held by Trustee During the Past 5 Years | ||||
David G. Chrencik^ (1948) | Trustee, 2014- present | Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms). | 97 | Trustee, Vericimetry Funds (2011-2014) | ||||
Joel Goldberg# (1945) | Trustee, 2012- present | Attorney, Of Counsel/Partner at Stroock & Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010. | 97 | Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid- Hudson Region) | ||||
Toni Massaro† (1955) | Trustee, 2006- present | Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor at the Rogers College of Law since 1990. | 97 | None | ||||
Melinda A. Raso Kirstein‡ (1955) | Trustee, 2014- present | Retired, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management. | 97 | Associate Alumnae of Douglass College, Member of Investment Committee | ||||
Victor Ugolyn (1947) | Trustee, 2006- present; Chairman of the Board of Trustees, 2006- present | Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004. | 97 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame, Member of the Board of Directors of the New York Society of Security Analysts (NYSSA) |
* | As of June 30, 2016. |
^ | Chair of the Audit Committee. |
# | Chair of the Contracts Review Committee. |
† | Chair of the Governance and Nominating Committee. |
‡ | Chair of the Investment Committee. |
WisdomTree Trust Annual Report June 30, 2016 | 139 |
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Trustees and Officers Information (unaudited) (concluded)
Interested Trustee and Officers
Name and Year of Birth | Position(s) Held with | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other During the Past | ||||
Jonathan Steinberg** (1964) | Trustee, 2005- present President, 2005- present | President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. | 97 | Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. | ||||
David Castano** (1971) | Treasurer, 2013- present | Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006. | 97 | None | ||||
Terry Jane Feld** (1960) | Chief Compliance Officer, 2012- present | Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life Insurance Co., 2004 to 2007. | 97 | None | ||||
Ryan Louvar** (1972) | Secretary and Chief Legal Officer, 2013- present | General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013. | 97 | None | ||||
Sarah English** (1977) | Assistant Secretary, 2013- present | Investment Management Counsel, WisdomTree Asset Management, Inc. since 2010 (includes prior positions at WisdomTree Asset Management, Inc.); Attorney, NYFIX, Inc. from 2006 to 2009. | 97 | None | ||||
Clint Martin** (1977) | Assistant Treasurer, 2015-present | Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co. | 97 | None |
* | As of June 30, 2016. |
** | Elected by and serves at the pleasure of the Board. |
140 | WisdomTree Trust Annual Report June 30, 2016 |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ periods ended June 30, 2016, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2017.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the periods ended June 30, 2016, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
Fund | Qualified Dividend Income | |||
Dynamic Currency Hedged Europe Equity Fund1 | $ | 113,002 | ||
Dynamic Currency Hedged International Equity Fund1 | 2,641,150 | |||
Dynamic Currency Hedged International SmallCap Equity Fund1 | 47,502 | |||
Dynamic Currency Hedged Japan Equity Fund1 | 37,001 | |||
Emerging Markets Dividend Fund2 | 12,501 | |||
Europe Local Recovery Fund3 | 73,190 | |||
Global Hedged SmallCap Dividend Fund4 | 459,192 | |||
Global SmallCap Dividend Fund5 | 511,968 | |||
Strong Dollar Emerging Markets Equity Fund3 | 2,068 | |||
Strong Dollar U.S. Equity Fund6 | 24,832 | |||
Weak Dollar U.S. Equity Fund6 | 21,554 | |||
Fundamental U.S. Corporate Bond Fund7 | — | |||
Fundamental U.S. High Yield Corporate Bond Fund7 | — | |||
Fundamental U.S. Short-Term Corporate Bond Fund7 | — | |||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund7 | — | |||
Dynamic Bearish U.S. Equity Fund8 | — | |||
Dynamic Long/Short U.S. Equity Fund8 | 56,252 |
1 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
2 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
3 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
4 | For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
5 | For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
6 | For the period July 21, 2015 (commencement of operations) through June 30, 2016. |
7 | For the period April 27, 2016 (commencement of operations) through June 30, 2016. |
8 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
The Funds designate the following amount of ordinary income distributions paid during the periods ended June 30, 2016 from qualified short-term gains and qualified interest income:
Fund | Qualified Short-Term Gains | Qualified Interest Income | ||||||
Dynamic Currency Hedged Europe Equity Fund1 | 0.00 | % | 0.00 | % | ||||
Dynamic Currency Hedged International Equity Fund1 | 0.00 | % | 0.00 | % | ||||
Dynamic Currency Hedged International SmallCap Equity Fund1 | 0.00 | % | 0.00 | % | ||||
Dynamic Currency Hedged Japan Equity Fund1 | 0.00 | % | 0.00 | % | ||||
Emerging Markets Dividend Fund2 | 0.00 | % | 0.00 | % | ||||
Europe Local Recovery Fund3 | 0.00 | % | 0.00 | % | ||||
Global Hedged SmallCap Dividend Fund4 | 0.00 | % | 0.00 | % | ||||
Global SmallCap Dividend Fund5 | 0.00 | % | 0.00 | % | ||||
Strong Dollar Emerging Markets Equity Fund3 | 0.00 | % | 0.00 | % | ||||
Strong Dollar U.S. Equity Fund6 | 0.00 | % | 0.00 | % | ||||
Weak Dollar U.S. Equity Fund6 | 0.00 | % | 0.00 | % | ||||
Fundamental U.S. Corporate Bond Fund7 | 0.00 | % | 100.00 | % | ||||
Fundamental U.S. High Yield Corporate Bond Fund7 | 0.00 | % | 100.00 | % |
WisdomTree Trust Annual Report June 30, 2016 | 141 |
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Supplemental Information (unaudited) (continued)
Fund | Qualified Short-Term Gains | Qualified Interest Income | ||||||
Fundamental U.S. Short-Term Corporate Bond Fund7 | 0.00 | % | 100.00 | % | ||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund7 | 0.00 | % | 100.00 | % | ||||
Dynamic Bearish U.S. Equity Fund8 | 0.00 | % | 0.00 | % | ||||
Dynamic Long/Short U.S. Equity Fund8 | 0.00 | % | 0.00 | % |
1 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
2 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
3 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
4 | For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
5 | For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
6 | For the period July 21, 2015 (commencement of operations) through June 30, 2016. |
7 | For the period April 27, 2016 (commencement of operations) through June 30, 2016. |
8 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
The following represents the percentage of dividends paid during the periods ended June 30, 2016, that qualify for the 70% dividends received deduction for corporate shareholders:
Fund | Dividends-Received Deduction | |||
Dynamic Currency Hedged Europe Equity Fund1 | — | |||
Dynamic Currency Hedged International Equity Fund1 | — | |||
Dynamic Currency Hedged International SmallCap Equity Fund1 | — | |||
Dynamic Currency Hedged Japan Equity Fund1 | — | |||
Emerging Markets Dividend Fund2 | — | |||
Europe Local Recovery Fund3 | — | |||
Global Hedged SmallCap Dividend Fund4 | 32.10 | % | ||
Global SmallCap Dividend Fund5 | 30.67 | % | ||
Strong Dollar Emerging Markets Equity Fund3 | — | |||
Strong Dollar U.S. Equity Fund6 | 91.54 | % | ||
Weak Dollar U.S. Equity Fund6 | 100.00 | % | ||
Fundamental U.S. Corporate Bond Fund7 | — | |||
Fundamental U.S. High Yield Corporate Bond Fund7 | — | |||
Fundamental U.S. Short-Term Corporate Bond Fund7 | — | |||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund7 | — | |||
Dynamic Bearish U.S. Equity Fund8 | — | |||
Dynamic Long/Short U.S. Equity Fund8 | 30.19 | % |
1 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
2 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
3 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
4 | For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
5 | For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
6 | For the period July 21, 2015 (commencement of operations) through June 30, 2016. |
7 | For the period April 27, 2016 (commencement of operations) through June 30, 2016. |
8 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
The Funds intend to elect to pass through to shareholders the credit for taxes paid during the periods ended June 30, 2016, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:
Fund | Gross Foreign Income | Foreign Taxes Paid | ||||||
Dynamic Currency Hedged Europe Equity Fund1 | $ | 144,452 | $ | 20,568 | ||||
Dynamic Currency Hedged International Equity Fund1 | 3,201,886 | 303,853 | ||||||
Dynamic Currency Hedged International SmallCap Equity Fund1 | 62,942 | 6,437 | ||||||
Dynamic Currency Hedged Japan Equity Fund1 | 65,052 | 6,529 | ||||||
Emerging Markets Dividend Fund2 | 41,880 | 4,559 | ||||||
Europe Local Recovery Fund3 | 93,100 | 14,539 |
142 | WisdomTree Trust Annual Report June 30, 2016 |
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Supplemental Information (unaudited) (concluded)
Fund | Gross Foreign Income | Foreign Taxes Paid | ||||||
Global Hedged SmallCap Dividend Fund4 | $ | — | $ | — | ||||
Global SmallCap Dividend Fund5 | — | — | ||||||
Strong Dollar Emerging Markets Equity Fund3 | 52,605 | 6,269 | ||||||
Strong Dollar U.S. Equity Fund6 | — | — | ||||||
Weak Dollar U.S. Equity Fund6 | — | — | ||||||
Fundamental U.S. Corporate Bond Fund7 | — | — | ||||||
Fundamental U.S. High Yield Corporate Bond Fund7 | — | — | ||||||
Fundamental U.S. Short-Term Corporate Bond Fund7 | — | — | ||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund7 | — | — | ||||||
Dynamic Bearish U.S. Equity Fund8 | — | — | ||||||
Dynamic Long/Short U.S. Equity Fund8 | — | — |
1 | For the period January 7, 2016 (commencement of operations) through June 30, 2016. |
2 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
3 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
4 | For the period November 19, 2015 (commencement of operations) through June 30, 2016. |
5 | For the period November 12, 2015 (commencement of operations) through June 30, 2016. |
6 | For the period July 21, 2015 (commencement of operations) through June 30, 2016. |
7 | For the period April 27, 2016 (commencement of operations) through June 30, 2016. |
8 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
WisdomTree Trust Annual Report June 30, 2016 | 143 |
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.
Frequency Distribution of Discounts & Premiums
Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com
144 | WisdomTree Trust Annual Report June 30, 2016 |
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The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of June 30, 2016:
WisdomTree Domestic Earnings and Dividend Funds
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree High Dividend Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree Total Dividend Fund (DTD)
WisdomTree Total Earnings Fund (EXT)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
WisdomTree Australia Dividend Fund (AUSE)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
WisdomTree Europe Hedged Equity Fund (HEDJ)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
WisdomTree Europe Local Recovery Fund (EZR)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Germany Hedged Equity Fund (DXGE)
WisdomTree Global ex-U.S. Hedged Dividend Fund (DXUS)
WisdomTree Global ex-U.S. Hedged Real Estate Fund (HDRW)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
WisdomTree International Dividend ex-Financials Fund (DOO)
WisdomTree International Equity Fund (DWM)
WisdomTree International Hedged Equity Fund (HDWM)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
WisdomTree International Hedged SmallCap Dividend Fund (HDLS)
WisdomTree International High Dividend Fund (DTH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International Quality Dividend Growth Fund (IQDG)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Japan Hedged Capital Goods Fund (DXJC)
WisdomTree Japan Hedged Equity Fund (DXJ)
WisdomTree Japan Hedged Financials Fund (DXJF)
WisdomTree Japan Hedged Health Care Fund (DXJH)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
WisdomTree Japan Hedged Real Estate Fund (DXJR)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)
WisdomTree Japan Quality Dividend Growth Fund (JDG)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Korea Hedged Equity Fund (DXKW)
WisdomTree United Kingdom Hedged Equity Fund (DXPS) | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
WisdomTree Commodity Country Equity Fund (CCXE)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
WisdomTree Emerging Markets Dividend Fund (DVEM)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
WisdomTree Emerging Markets High Dividend Fund (DEM)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
WisdomTree Global ex-U.S. Utilities Fund (DBU)
WisdomTree Global High Dividend Fund (DEW)
WisdomTree Global Natural Resources Fund (GNAT)
WisdomTree Global SmallCap Dividend Fund (GSD)
WisdomTree India Earnings Fund (EPI)
WisdomTree Middle East Dividend Fund (GULF)
WisdomTree Dollar Sensitive Equity Funds
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
WisdomTree Strong Dollar U.S. Equity Fund (USSD)
WisdomTree Weak Dollar U.S. Equity Fund (USWD)
WisdomTree Currency Strategy Funds
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)
WisdomTree Brazilian Real Strategy Fund (BZF)
WisdomTree Chinese Yuan Strategy Fund (CYB)
WisdomTree Commodity Currency Strategy Fund (CCX)
WisdomTree Emerging Currency Strategy Fund (CEW)
WisdomTree Indian Rupee Strategy Fund (ICN)
WisdomTree Fixed Income Funds
WisdomTree Asia Local Debt Fund (ALD)
WisdomTree Australia & New Zealand Debt Fund (AUNZ)
WisdomTree Barclays U.S. Aggregate Bond Enhanced Yield Fund (AGGY)
WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)
WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)
WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)
WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)
WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)
WisdomTree Emerging Markets Corporate Bond Fund (EMCB)
WisdomTree Emerging Markets Local Debt Fund (ELD)
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
WisdomTree Japan Interest Rate Strategy Fund (JGBB)
WisdomTree Strategic Corporate Bond Fund (CRDT)
WisdomTree Western Asset Unconstrained Bond Fund (UBND)
WisdomTree Alternative Funds
WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW)
WisdomTree Coal Fund (TONS)
WisdomTree Continuous Commodity Index Fund (GCC)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
WisdomTree Global Real Return Fund (RRF)
WisdomTree Managed Futures Strategy Fund (WDTI) |
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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.
There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition, when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. High-yield or “junk” bonds have lower credit ratings and involve a greater risk to principal. While the Fundamental Fixed Income Funds attempt to limit credit and counterparty exposure, the value of an investment in the Funds may change quickly and without warning in response to issuer or counterparty defaults and changes in the credit ratings of the Fund’s portfolio investments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.
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WisdomTree Trust
245 Park Avenue, 35th Floor
New York, NY 10167
International Equity ETFs:
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
WisdomTree Emerging Markets Dividend Fund (DVEM)
WisdomTree Europe Local Recovery Fund (EZR)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
WisdomTree Global SmallCap Dividend Fund (GSD)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
U.S. Equity ETFs:
WisdomTree Strong Dollar U.S. Equity Fund (USSD)
WisdomTree Weak Dollar U.S. Equity Fund (USWD)
Fixed Income ETFs:
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
Alternative ETFs:
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
WTGM-1713
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Item 2. Code of Ethics.
(a) | The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. |
(c) | There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. |
(d) | The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. |
(f) | The code of ethics is attached hereto as exhibit 12(a)(1). |
Item 3. Audit Committee Financial Expert.
The Registrant’s Board of Trustees has determined that the Registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the Registrant’s audit committee is David Chrencik, who is an independent Trustee of the Trust, as that term is defined under Item 3(a) (2).
Item 4. Principal Accountant Fees and Services.
Audit Fees
(a) | The aggregate fees billed for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for the fiscal period are $414,560. |
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Audit-Related Fees
(b) | The aggregate fees billed for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item are $0. |
Tax Fees
(c) | The aggregate fees billed for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning are $14,900. |
All Other Fees
(d) | The aggregate fees billed for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $0. |
(e)(1) | Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X. |
Per Rule 2-01(c) (7) (A), the Registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the Registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Trust are compatible with maintaining the auditor’s independence.
(e)(2) | The Registrant’s Audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. |
(f) | The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%. |
(g) | The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 was $14,900. |
(h) | Not applicable. |
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Item 5. Audit Committee of Listed registrants.
The Registrant is an issuer as defined in Rule 10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
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(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Exhibits.
(a)(1) | Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(3) | Not applicable. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
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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.
(Registrant) | WisdomTree Trust |
By (Signature and Title) | /s/ Jonathan L. Steinberg | |||
Jonathan L. Steinberg, President | ||||
(principal executive officer) |
Date: September 1, 2016
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 (Signature and Title) | /s/ Jonathan L. Steinberg | |||
Jonathan L. Steinberg, President | ||||
(principal executive officer) |
Date: September 1, 2016
By (Signature and Title) | /s/ David Castano | |||
David Castano, Treasurer | ||||
(principal financial officer) |
Date: September 1, 2016