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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, 2017
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, 2017
International Equity ETFs:
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
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 Domestic Economy Fund (EDOM)
(formerly, WisdomTree Europe Local Recovery Fund (EZR))
WisdomTree Global ex-Mexico Equity Fund (XMX)
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 U.S. Domestic Economy Fund (WUSA)
(formerly, WisdomTree Strong Dollar U.S. Equity Fund (USSD))
WisdomTree U.S. Export and Multinational Fund (WEXP)
(formerly, 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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Schedules of Investments | ||||
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WisdomTree Dynamic Currency Hedged International Equity Fund | 35 | |||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | 46 | |||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 48 | |||
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WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 110 | |||
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141 | ||||
160 | ||||
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) | 161 | |||
163 | ||||
165 | ||||
167 |
“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 17.90% for the 12-month fiscal period that ended June 30, 2017 (the “period”). The main drivers of returns over this period included positive market sentiment following political risk events, corporate profits buoyed in part by an energy sector recovery from low year-over-year comparisons, positive consumer and business survey data and finally market expectations of monetary policy normalization that was consistently more dovish than central bank projections. The first notable political risk event, the British European Union referendum, did not actually occur during the period but was a major factor in the July 2016 gains of 3.69% that were sustained through the summer months. The market sell-off in response to the late June “Brexit” vote was largely reversed as investors digested the ambiguous near-term impact of the result. In fall 2016, U.S. equity markets began showing signs of significant risk-off positioning ahead of the U.S. presidential election before rallying in response to President Donald Trump’s victory. The late 2016 rally was further assisted by an output cut agreement by the Organization of Petroleum Exporting Countries (OPEC) and some key non-OPEC countries. The first half of 2017 was characterized by its absence of significant market volatility in favor of generally steady gains, powered primarily by positive economic sentiment as shown by consumer and business survey data as well as corporate profit growth. Expectations for pro-growth fiscal stimulus softened substantially over the first six-months of 2017, dragging down the performance of small-caps and the U.S. dollar. Even though the Federal Reserve (the “Fed”) raised their target rate twice in 2017, the 10-Year Treasury yield actually ended the period lower than where it started, which also put pressure on the highest yielding stocks within U.S. markets.
The developed international equity markets, as measured by the MSCI EAFE Index, returned 22.10% in local currency terms and 20.27% in U.S. dollar terms for the period. Similar to U.S. equity markets, developed international equity markets began the period with a 4.75% Brexit sell-off recovery, in local currency terms, in July 2016. The developed international equity markets also benefited from two of the same inflection points as the U.S. equity markets by the way of the U.S. Presidential election and the OPEC production agreement. The performance of developed international equity markets was largely subdued in the early part of 2017 following the strong returns of late 2016. Positive corporate profit growth and economic growth in the first quarter in Japan and Europe resulted in modest equity market gains, but risk off sentiment pervaded with investors awaiting the outcome of a series of elections in Europe, and global central bank policy uncertainty tempered equity market returns. With market-friendly outcomes in elections in the Netherlands and France, coupled with the European Central Bank signaling commitment to continued accommodative monetary policy in the face of positive economic data, the market rallied during the latter half of this time-frame. For Japan specifically, commitment to targeting a zero-yield on the 10-year Japanese Government Bond was a significant tailwind for the Tokyo Stock Price Index which returned 7.4%, in local currency terms, in the first half of 2017.
Emerging markets, as measured by the MSCI Emerging Markets Index, returned 21.77% in local currency terms and 23.75% in U.S. dollar terms over the period. The primer for emerging market returns for the second half of 2016 was energy market stability from the lows of the first quarter, culminating with the December OPEC output agreement. Many emerging market countries have economies heavily reliant on the performance of the energy market, making the stabilization of oil prices a major tailwind for emerging markets as a whole. The main themes for the first half of 2017 were the performance in the Technology sector, particularly in South Korea, Taiwan and China, as well as outperformance in Indian equities. While the U.S. dollar staged a rally in the second half of 2016 with a rise in U.S. interest rates, this headwind was largely reversed in the first half of 2017 as emerging market currencies recovered.
U.S. short-term and long-term interest rates, as measured by the Federal Funds rate, the 2-Year Treasury Bill rate and the 10-Year U.S. Treasury Note rate, rose 0.75% to 0.85%
WisdomTree Trust Annual Report June 30, 2017 | 1 |
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Management’s Discussion of Funds’ Performance
(unaudited) (continued)
over the period. Short-term rates were driven by the Fed raising rates three times in 0.25% increments as they viewed measures of financial conditions positing the economy’s ability to withstand monetary tightening. Longer-term interest rates rose nearly 1.00% in the aftermath of the election as market participants eschewed previous low-growth expectations prior to the election of President Trump. His election signaled looser fiscal policy that would result in higher borrowing costs and greater inflation. With subdued expectations for the administration’s ability to spur the type of pro-growth fiscal policy that had been heralded post-election, interest rate volatility picked up in the first six months of 2017. This volatility was exacerbated by hawkish sentiment out of several major central banks in developed international markets towards the end of the period. The 10-Year Treasury yield finished the first half of 2017 just 0.14% below where it started the year. During the period, investment grade and high-yield spreads, as measured by the BofA Merrill Lynch U.S. Corporate Master Option-Adjusted Spread and BofA Merrill Lynch U.S. High Yield Option-Adjusted Spread, both tightened 0.47% and 2.44%, respectively, to finish near multi-year lows. Credit spreads exhibited few bouts of extreme volatility in a steady grind tighter as equity markets rallied and energy markets stabilized.
WisdomTree Funds’ Performance Overview
The following table reflects the WisdomTree Funds’ performance (excluding those with less than six months of operating history) versus capitalization-weighted benchmark indexes:
Ticker | WisdomTree Fund | 1-Year NAV Return | Performance Benchmark | 1-Year Return | Difference | |||||||
DDEZ | WisdomTree Dynamic Currency Hedged Europe Equity Fund | 28.55% | MSCI European Economic and Monetary Union (EMU) Local Currency Index | 24.85% | 3.70% | |||||||
MSCI European Economic and Monetary Union (EMU) Index | 28.15% | 0.40% | ||||||||||
DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 22.25% | MSCI EAFE Local Currency Index | 22.10% | 0.15% | |||||||
MSCI EAFE Index | 20.27% | 1.98% | ||||||||||
DHDG | WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund* | 19.61% | MSCI EAFE Local Currency Index | 16.35% | 3.26% | |||||||
DDLS | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 29.80% | MSCI EAFE Small Cap Local Currency Index | 25.93% | 3.87% | |||||||
MSCI EAFE Small Cap Index | 23.18% | 6.62% | ||||||||||
DDJP | WisdomTree Dynamic Currency Hedged Japan Equity Fund | 25.70% | MSCI Japan Local Currency Index | 30.53% | -4.83% | |||||||
MSCI Japan Index | 19.18% | 6.52% | ||||||||||
DVEM | WisdomTree Emerging Markets Dividend Fund | 19.46% | MSCI Emerging Markets Index | 23.75% | -4.29% | |||||||
EDOM | WisdomTree Europe Domestic Economy Fund | 36.05% | MSCI European Economic and Monetary Union (EMU) Index | 28.15% | 7.90% | |||||||
HGSD | WisdomTree Global Hedged SmallCap Dividend Fund | 21.89% | MSCI AC World Small Cap Local Currency Index | 21.08% | 0.81% | |||||||
GSD | WisdomTree Global SmallCap Dividend Fund | 20.56% | MSCI AC World Small Cap Index | 20.47% | 0.09% | |||||||
EMSD | WisdomTree Strong Dollar Emerging Markets Equity Fund | 18.52% | MSCI Emerging Markets Index | 23.75% | -5.23% | |||||||
WUSA | WisdomTree U.S. Domestic Economy Fund | 12.34% | S&P 500 Index | 17.90% | -5.56% | |||||||
WEXP | WisdomTree U.S. Export and Multinational Fund | 22.55% | S&P 500 Index | 17.90% | 4.65% | |||||||
WFIG | WisdomTree Fundamental U.S. Corporate Bond Fund | 1.52% | BofA Merrill Lynch U.S. Corporate Index | 2.33% | -0.81% | |||||||
WFHY | WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | 10.23% | BofA Merrill Lynch U.S. High Yield Index | 12.75% | -2.52% |
2 | WisdomTree Trust Annual Report June 30, 2017 |
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Management’s Discussion of Funds’ Performance
(unaudited) (continued)
Ticker | WisdomTree Fund | 1-Year NAV Return | Performance Benchmark | 1-Year Return | Difference | |||||||
SFIG | WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | 1.02% | BofA Merrill Lynch 1-5 Year U.S. Corporate Index | 1.59% | -0.57% | |||||||
SFHY | WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 8.19% | BofA Merrill Lynch 1-5 Year U.S. High Yield Constrained Index | 12.55% | -4.36% | |||||||
DYB | WisdomTree Dynamic Bearish U.S. Equity Fund | 5.93% | S&P 500 Index | 17.90% | -11.97% | |||||||
S&P 500 Inverse Daily Index | -14.64% | 20.57% | ||||||||||
DYLS | WisdomTree Dynamic Long/Short U.S. Equity Fund | 15.25% | S&P 500 Index | 17.90% | -2.65% |
* | Since the Fund had less than one year of operating history, the returns shown are cumulative returns since the inception date of the Fund. |
Two strong relative performers versus their MSCI European Economic and Monetary Union (EMU) Index benchmarks were the WisdomTree Europe Domestic Economy Fund (EDOM) and the WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ) which outperformed their respective benchmarks by 7.90% and 3.70%, respectively, during the period. The outperformance of EDOM makes sense with its design to target companies most sensitive to economic growth in the eurozone, ultimately overweighting the Index in Financials, Industrials and Consumer Discretionary sectors that performed well in this timeframe of strengthening economic growth. DDEZ also enjoyed the gains of a strengthening eurozone economy, without the specific design to overweight to cyclicals, as it outperformed both the MSCI EMU Local Currency Index and the MSCI EMU Index.
Strategies with notable outperformance relative to their MSCI EAFE benchmarks include the WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) and the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM). Both funds exhibited outperformance relative to their local currency benchmarks, and even greater outperformance relative to unhedged benchmarks. Given the volatility of equity markets over the period, it makes sense that a dividend approach would outperform, particularly so in the case of the small-cap fund’s outperformance. DDWM and DDLS benefited from being over 50% hedged for most of this timeframe of significant currency volatility, with the most notable benefit from the hedge to the British pound following the Brexit vote.
The WisdomTree Emerging Markets Dividend Fund (DVEM) and the WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD) both underperformed their MSCI Emerging Markets Index benchmark. DVEM has underperformed due to its overweight to Energy and underweight Information Technology sectors relative to its benchmark, as well as due to its dividend-weighting approach, a value strategy, in a period where growth outperformed value. The underperformance of EMSD is largely attributed to its lack of exposure to Energy and Materials sectors which rallied in 2016. In the first half of 2017, EMSD has fared well relative to its benchmark due to its overweight to cyclicals, particularly to the Information Technology sector, as well as heavy country overweights to Taiwan, South Korea, and India, three of the best performing countries in emerging markets.
The WisdomTree U.S. Domestic Economy Fund (WUSA) and the WisdomTree U.S. Export and Multinational Fund (WEXP) saw a performance differential of over 10% during the period relative to the S&P 500 Index. Revenue from within and outside the United States is a main determinant of eligibility for both funds, and as a result, they can have very different sector compositions, which can be a driver of short term performance. For example, WUSA requires constituents to have over 80% of their revenue come from within the United States. As a result of this screen, the fund is significantly underweight the information technology sector, which tends to have a more global revenue base, compared to the performance benchmark the S&P 500 Index. This underweight was the primary driver of underperformance over the period for WUSA. On the other hand, WEXP which requires constituents to have over 40% of their revenue come from outside
WisdomTree Trust Annual Report June 30, 2017 | 3 |
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Management’s Discussion of Funds’ Performance
(unaudited) (concluded)
the United States, was able to outperform the S&P 500 Index over the period. WEXP was slightly overweight the information technology sector relative to the S&P 500, but underweights to telecommunications, real estate and utilities (or sectors mostly with a domestic revenue base) added to relative performance.
The alternative products had a mixed performance during the period. The WisdomTree Dynamic Bearish U.S. Equity Fund (DYB) handily outperformed the S&P 500 Inverse Daily Index, but underperformed the S&P 500 Index. In a bullish equity market period, where the S&P 500 Index hit all-time highs, this was a challenging environment for the bearish DYB. For the WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS), this was also a challenging environment to beat its S&P 500 Index benchmark that was mostly up throughout the timeframe with strong outperformance for growth stocks. DYLS was hedged in November 2016, a period where U.S. equities markets rallied significantly following President Trump’s victory. Aside from that month, DYLS was mostly unhedged during the 12-month period.
For the fundamental fixed income funds, the WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY) and the WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY) both underperformed their respective Bank of America Merrill Lynch Indexes. This underperformance of 2.52% and 4.36%, respectively, was largely driven by a significant underweight to the Energy sector as a result of the fundamental screen. The methodologies of these funds both tilt towards higher quality bonds than their respective benchmarks. Oil prices largely stabilized over the 12-month period without a significant move in either direction which was ultimately conducive to a positive backdrop for energy credit. During a period where credit spreads in the high-yield space significantly tightened with minimal volatility, these funds would be expected to underperform.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 24 to 27 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.
4 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Financials | 24.5% | |||
Industrials | 13.8% | |||
Consumer Discretionary | 12.2% | |||
Consumer Staples | 10.1% | |||
Utilities | 10.0% | |||
Energy | 7.2% | |||
Materials | 6.7% | |||
Telecommunication Services | 5.5% | |||
Health Care | 4.7% | |||
Information Technology | 3.6% | |||
Real Estate | 1.6% | |||
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 6/30/17
Description | % of Net Assets | |||
Anheuser-Busch InBev S.A. | 3.8% | |||
Daimler AG, Registered Shares | 2.6% | |||
TOTAL S.A. | 2.6% | |||
Allianz SE, Registered Shares | 2.4% | |||
Siemens AG, Registered Shares | 2.3% | |||
Banco Santander S.A. | 2.3% | |||
Eni SpA | 2.1% | |||
ING Groep N.V. | 2.0% | |||
Sanofi | 1.8% | |||
BASF SE | 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 derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 28.55% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in France contributed positively to performance while its position in Belgium contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset euro currency exposure from positions in European equities. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the Fund’s dynamic use of currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against the euro.
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 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 28.55 | % | 17.02 | % | ||||
Fund Market Price Returns | 27.67 | % | 18.29 | % | ||||
WisdomTree Dynamic Currency Hedged Europe Equity Index | 28.65 | % | 17.10 | % | ||||
MSCI European Economic and Monetary Union (EMU) Local Currency Index | 24.85 | % | 13.00 | % | ||||
MSCI European Economic and Monetary Union (EMU) Index | 28.15 | % | 16.98 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016. |
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, 2017 | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Financials | 22.6% | |||
Industrials | 12.8% | |||
Consumer Discretionary | 11.7% | |||
Consumer Staples | 9.9% | |||
Health Care | 8.7% | |||
Energy | 8.1% | |||
Telecommunication Services | 7.7% | |||
Materials | 6.0% | |||
Utilities | 5.8% | |||
Information Technology | 3.6% | |||
Real Estate | 2.9% | |||
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 6/30/17
Description | % of Net Assets | |||
Royal Dutch Shell PLC, Class B | 1.6% | |||
HSBC Holdings PLC | 1.6% | |||
Nestle S.A., Registered Shares | 1.5% | |||
BP PLC | 1.5% | |||
Novartis AG, Registered Shares | 1.5% | |||
China Mobile Ltd. | 1.4% | |||
Royal Dutch Shell PLC, Class A | 1.3% | |||
Toyota Motor Corp. | 1.2% | |||
Anheuser-Busch InBev S.A. | 1.2% | |||
TOTAL S.A. | 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 derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 22.25% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Japan contributed positively to performance while its position in Belgium contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable international currencies.
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 1, 2016, the Fund’s net and gross annual expense ratios were 0.35% and 0.40%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 22.25 | % | 15.92 | % | ||||
Fund Market Price Returns | 21.58 | % | 16.46 | % | ||||
WisdomTree Dynamic Currency Hedged International Equity Index | 22.29 | % | 15.94 | % | ||||
MSCI EAFE Local Currency Index | 22.10 | % | 12.85 | % | ||||
MSCI EAFE Index | 20.27 | % | 14.12 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016. |
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.
6 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Consumer Staples | 20.0% | |||
Consumer Discretionary | 19.7% | |||
Health Care | 19.5% | |||
Industrials | 16.7% | |||
Information Technology | 10.8% | |||
Materials | 4.8% | |||
Financials | 3.4% | |||
Real Estate | 3.2% | |||
Telecommunication Services | 1.0% | |||
Energy | 0.6% | |||
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 6/30/17
Description | % of Net Assets | |||
Roche Holding AG, Genusschein | 6.1% | |||
Novo Nordisk A/S, Class B | 4.8% | |||
Unilever N.V., CVA | 4.3% | |||
British American Tobacco PLC | 3.8% | |||
LVMH Moet Hennessy Louis Vuitton SE | 2.9% | |||
Industria de Diseno Textil S.A. | 2.8% | |||
Diageo PLC | 2.7% | |||
Unilever PLC | 2.6% | |||
Airbus SE | 2.4% | |||
China Overseas Land & Investment Ltd. | 2.1% |
* | 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 derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index (the “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 International Quality Dividend Growth 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 19.61% at net asset value (“NAV”) from Fund inception date on November 3, 2016 through June 30, 2017 (for more complete performance information please see the table below). The Fund’s exposure to the Netherlands from its investment in the Underlying Fund contributed positively to performance while its exposure to Norway from its investment in the Underlying Fund contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities. During the fiscal year, the Fund’s use of forward foreign currency contracts detracted from performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable international currencies.
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 28, 2016, the Fund’s net and gross annual expense ratios were 0.48% and 0.96%, respectively. The prospectus expense ratio includes 0.38% 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, as well as an additional 0.10%, through October 31, 2017, unless earlier terminated by the Board of Trustees of WisdomTree Trust for any reason at any time.
Performance as of 6/30/17
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | 19.61 | % | ||
Fund Market Price Returns | 19.53 | % | ||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index | 19.26 | % | ||
MSCI EAFE Local Currency Index | 16.35 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on November 3, 2016. |
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, 2017 | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Industrials | 23.2% | |||
Consumer Discretionary | 20.5% | |||
Financials | 13.3% | |||
Materials | 8.6% | |||
Information Technology | 7.5% | |||
Consumer Staples | 7.1% | |||
Real Estate | 7.1% | |||
Health Care | 4.6% | |||
Energy | 2.9% | |||
Utilities | 2.9% | |||
Telecommunication Services | 2.3% | |||
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). |
* | Represents less than 0.1%. |
Top Ten Holdings* as of 6/30/17
Description | % of Net Assets | |||
TalkTalk Telecom Group PLC | 0.6% | |||
Air New Zealand Ltd. | 0.6% | |||
IOOF Holdings Ltd. | 0.4% | |||
Cofinimmo S.A. | 0.4% | |||
Hanwa Co., Ltd. | 0.4% | |||
Citycon Oyj | 0.4% | |||
Saras SpA | 0.4% | |||
Contact Energy Ltd. | 0.4% | |||
Okasan Securities Group, Inc. | 0.4% | |||
Platinum Asset Management 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 derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 29.80% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Japan contributed positively to performance while its position in Ireland contributed least positively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable international currencies.
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 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 29.80 | % | 19.53 | % | ||||
Fund Market Price Returns | 30.43 | % | 20.64 | % | ||||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Index | 30.38 | % | 20.05 | % | ||||
MSCI EAFE Small Cap Local Currency Index | 25.93 | % | 14.80 | % | ||||
MSCI EAFE Small Cap Index | 23.18 | % | 16.42 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016. |
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, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Consumer Discretionary | 21.5% | |||
Industrials | 18.8% | |||
Financials | 16.5% | |||
Information Technology | 10.1% | |||
Consumer Staples | 7.5% | |||
Telecommunication Services | 7.5% | |||
Health Care | 6.6% | |||
Materials | 6.1% | |||
Real Estate | 2.6% | |||
Utilities | 1.6% | |||
Energy | 0.8% | |||
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 6/30/17
Description | % of Net Assets | |||
Toyota Motor Corp. | 5.0% | |||
NTT DOCOMO, Inc. | 2.7% | |||
Mitsubishi UFJ Financial Group, Inc. | 2.5% | |||
Japan Tobacco, Inc. | 2.3% | |||
Nippon Telegraph & Telephone Corp. | 2.2% | |||
Nissan Motor Co., Ltd. | 2.0% | |||
Sumitomo Mitsui Financial Group, Inc. | 2.0% | |||
Canon, Inc. | 2.0% | |||
Japan Post Holdings Co., Ltd. | 1.9% | |||
KDDI Corp. | 1.9% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 25.70% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Financials contributed positively to performance while its position in Telecommunication Services contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset Japanese yen currency exposure from positions in Japanese equities. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the Fund’s dynamic use of currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against the Japanese yen.
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 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 25.70 | % | 10.31 | % | ||||
Fund Market Price Returns | 24.82 | % | 10.64 | % | ||||
WisdomTree Dynamic Currency Hedged Japan Equity Index | 27.01 | % | 11.18 | % | ||||
MSCI Japan Local Currency Index | 30.53 | % | 7.84 | % | ||||
MSCI Japan Index | 19.18 | % | 11.54 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016. |
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, 2017 | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets Dividend Fund (DVEM)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Financials | 22.0% | |||
Information Technology | 15.0% | |||
Telecommunication Services | 10.8% | |||
Energy | 10.8% | |||
Materials | 9.2% | |||
Consumer Staples | 8.0% | |||
Consumer Discretionary | 6.7% | |||
Industrials | 6.6% | |||
Utilities | 5.6% | |||
Real Estate | 3.5% | |||
Health Care | 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 6/30/17
Description | % of Net Assets | |||
China Construction Bank Corp., Class H | 3.7% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 3.2% | |||
China Mobile Ltd. | 3.0% | |||
Samsung Electronics Co., Ltd. | 2.3% | |||
Hon Hai Precision Industry Co., Ltd. | 1.6% | |||
Lukoil PJSC, ADR | 1.5% | |||
Rosneft Oil Co. PJSC, GDR Reg S | 1.2% | |||
Industrial & Commercial Bank of China Ltd., Class H | 1.1% | |||
Gazprom PJSC, ADR | 1.1% | |||
Ambev S.A. | 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 derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 19.46% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Taiwan contributed positively to performance while its position in the Philippines contributed negatively to 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 November 1, 2016, the Fund’s annual expense ratio was 0.32%.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 19.46 | % | 20.18 | % | ||||
Fund Market Price Returns | 19.76 | % | 21.09 | % | ||||
WisdomTree Emerging Markets Dividend Index | 19.38 | % | 20.15 | % | ||||
MSCI Emerging Markets Index | 23.75 | % | 22.79 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 7, 2016. |
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, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe Domestic Economy Fund (EDOM)
(formerly, WisdomTree Europe Local Recovery Fund)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Financials | 30.4% | |||
Industrials | 27.4% | |||
Consumer Discretionary | 20.9% | |||
Information Technology | 6.7% | |||
Materials | 6.0% | |||
Energy | 5.2% | |||
Real Estate | 3.2% | |||
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 6/30/17
Description | % of Net Assets | |||
TOTAL S.A. | 1.7% | |||
Allianz SE, Registered Shares | 1.5% | |||
BNP Paribas S.A. | 1.4% | |||
ING Groep N.V. | 1.4% | |||
Siemens AG, Registered Shares | 1.3% | |||
Vinci S.A. | 1.0% | |||
Intesa Sanpaolo SpA | 1.0% | |||
Deutsche Post AG, Registered Shares | 0.9% | |||
AXA S.A. | 0.9% | |||
Societe Generale 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 derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Domestic Economy Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Domestic Economy 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.
The Fund returned 36.05% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in France contributed most positively to performance while its position in Portugal contributed least positively to 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 November 1, 2016, as supplemented March 17, 2017, 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 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 36.05 | % | 10.02 | % | ||||
Fund Market Price Returns | 36.09 | % | 10.40 | % | ||||
WisdomTree Europe Domestic Economy Index2 | 36.28 | % | 10.06 | % | ||||
MSCI European Economic and Monetary Union (EMU) Index | 28.15 | % | 8.43 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on October 29, 2015. |
2 | Prior to March 17, 2017, the WisdomTree Europe Domestic Economy Index was known as the WisdomTree Europe Local Recovery Index. |
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, 2017 | 11 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global ex-Mexico Equity Fund (XMX)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Financials | 17.7% | |||
Information Technology | 16.3% | |||
Health Care | 12.2% | |||
Consumer Discretionary | 11.9% | |||
Industrials | 11.7% | |||
Consumer Staples | 9.5% | |||
Energy | 5.8% | |||
Materials | 4.9% | |||
Utilities | 3.3% | |||
Real Estate | 3.2% | |||
Telecommunication Services | 3.2% | |||
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 6/30/17
Description | % of Net Assets | |||
Apple, Inc. | 1.9% | |||
Microsoft Corp. | 1.3% | |||
Alphabet, Inc., Class A | 1.0% | |||
Amazon.com, Inc. | 1.0% | |||
Facebook, Inc., Class A | 0.9% | |||
Johnson & Johnson | 0.8% | |||
Exxon Mobil Corp. | 0.8% | |||
JPMorgan Chase & Co. | 0.8% | |||
Berkshire Hathaway, Inc., Class B | 0.7% | |||
Samsung Electronics Co., Ltd. | 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 derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Global ex-Mexico Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-Mexico Equity 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.
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.
12 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Industrials | 21.2% | |||
Consumer Discretionary | 16.0% | |||
Financials | 13.1% | |||
Real Estate | 12.8% | |||
Materials | 8.9% | |||
Information Technology | 7.5% | |||
Consumer Staples | 5.8% | |||
Energy | 5.0% | |||
Utilities | 4.9% | |||
Telecommunication Services | 2.4% | |||
Health Care | 2.0% | |||
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 6/30/17
Description | % of Net Assets | |||
CoreCivic, Inc. | 1.8% | |||
GEO Group, Inc. (The) | 1.7% | |||
CVR Energy, Inc. | 1.6% | |||
Kronos Worldwide, Inc. | 1.2% | |||
Waddell & Reed Financial, Inc., Class A | 0.8% | |||
GATX Corp. | 0.7% | |||
RR Donnelley & Sons Co. | 0.7% | |||
Xenia Hotels & Resorts, Inc. | 0.7% | |||
Diebold Nixdorf, Inc. | 0.7% | |||
Time, Inc. | 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 derivatives and 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 “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 21.89% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s exposure to the United States from its investment in the Underlying Fund contributed positively to performance while its exposure to Spain from its investment in the Underlying Fund contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities. The Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the overall appreciation in the U.S. dollar against applicable international currencies during the fiscal year.
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 1, 2016, 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 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 21.89 | % | 15.94 | % | ||||
Fund Market Price Returns | 20.57 | % | 15.65 | % | ||||
WisdomTree Global Hedged SmallCap Dividend Index | 21.05 | % | 16.08 | % | ||||
MSCI AC World Small Cap Local Currency Index | 21.08 | % | 11.98 | % |
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, 2017 | 13 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global SmallCap Dividend Fund (GSD)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Industrials | 21.2% | |||
Consumer Discretionary | 16.0% | |||
Financials | 13.1% | |||
Real Estate | 12.8% | |||
Materials | 8.9% | |||
Information Technology | 7.5% | |||
Consumer Staples | 5.8% | |||
Energy | 5.0% | |||
Utilities | 4.9% | |||
Telecommunication Services | 2.4% | |||
Health Care | 2.0% | |||
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 6/30/17
Description | % of Net Assets | |||
CoreCivic, Inc. | 1.8% | |||
GEO Group, Inc. (The) | 1.7% | |||
CVR Energy, Inc. | 1.6% | |||
Kronos Worldwide, Inc. | 1.2% | |||
Waddell & Reed Financial, Inc., Class A | 0.8% | |||
GATX Corp. | 0.7% | |||
RR Donnelley & Sons Co. | 0.7% | |||
Xenia Hotels & Resorts, Inc. | 0.7% | |||
Diebold Nixdorf, Inc. | 0.7% | |||
Time, Inc. | 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 derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 20.56% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in the United States contributed positively to performance while its position in Spain contributed negatively to performance. During the fiscal year, the Fund utilized equity futures contracts on a temporary basis to obtain market exposure consistent with the Fund’s investment objective as part of the Fund’s annual portfolio rebalance. The Fund’s use of equity futures contracts detracted from performance during the fiscal year.
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 1, 2016, the Fund’s annual expense ratio was 0.43%.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 20.56 | % | 17.98 | % | ||||
Fund Market Price Returns | 20.59 | % | 18.09 | % | ||||
WisdomTree Global SmallCap Dividend Index | 20.12 | % | 17.84 | % | ||||
MSCI AC World Small Cap Index | 20.47 | % | 13.64 | % |
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.
14 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Information Technology | 39.6% | |||
Consumer Discretionary | 23.3% | |||
Industrials | 17.6% | |||
Health Care | 13.4% | |||
Consumer Staples | 5.8% | |||
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 6/30/17
Description | % of Net Assets | |||
Samsung Electronics Co., Ltd. | 6.5% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 3.9% | |||
Hon Hai Precision Industry Co., Ltd. | 2.1% | |||
Hyundai Motor Co. | 1.7% | |||
SK Hynix, Inc. | 1.6% | |||
Cub Elecparts, Inc. | 1.3% | |||
Sun Pharmaceutical Industries Ltd. | 1.3% | |||
IGG, Inc. | 1.2% | |||
Cadila Healthcare Ltd. | 1.2% | |||
Aurobindo Pharma Ltd. | 1.2% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 18.52% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Taiwan contributed positively to performance while its position in Brazil contributed most negatively to 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 November 1, 2016, as supplemented June 28, 2017, the Fund’s annual expense ratio was 0.32% and 0.58%, respectively. Effective June 30, 2017, WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 18.52 | % | 8.77 | % | ||||
Fund Market Price Returns | 16.56 | % | 8.18 | % | ||||
WisdomTree Strong Dollar Emerging Markets Equity Index | 18.94 | % | 8.89 | % | ||||
MSCI Emerging Markets Index | 23.75 | % | 13.72 | % |
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, 2017 | 15 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Domestic Economy Fund (WUSA)
(formerly, WisdomTree Strong Dollar U.S. Equity Fund)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Financials | 24.3% | |||
Consumer Discretionary | 17.5% | |||
Consumer Staples | 13.7% | |||
Health Care | 11.7% | |||
Telecommunication Services | 9.1% | |||
Industrials | 7.8% | |||
Real Estate | 5.3% | |||
Utilities | 5.1% | |||
Information Technology | 2.7% | |||
Materials | 1.6% | |||
Energy | 1.1% | |||
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 6/30/17
Description | % of Net Assets | |||
Altria Group, Inc. | 5.1% | |||
Verizon Communications, Inc. | 4.4% | |||
AT&T, Inc. | 4.0% | |||
Berkshire Hathaway, Inc., Class B | 3.8% | |||
Wells Fargo & Co. | 3.7% | |||
Bank of America Corp. | 3.3% | |||
Comcast Corp., Class A | 3.0% | |||
Home Depot, Inc. (The) | 2.8% | |||
UnitedHealth Group, Inc. | 2.7% | |||
Reynolds American, Inc. | 2.3% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Domestic Economy Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Domestic Economy 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.
The Fund returned 12.34% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Financials contributed positively to performance while its position in Real Estate contributed negatively to performance. The Fund underperformance as compared to the S&P 500® Index can mainly be attributed to representative sampling.
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 1, 2016, as supplemented March 13, 2017 and March 29, 2017, the Fund’s annual expense ratio was 0.33%.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 12.34 | % | 9.17 | % | ||||
Fund Market Price Returns | 12.42 | % | 9.06 | % | ||||
WisdomTree U.S. Domestic Economy Index2 | 12.22 | % | 8.97 | % | ||||
S&P 500® Index | 17.90 | % | 9.48 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015. |
2 | Prior to March 17, 2017, the WisdomTree U.S. Domestic Economy Index was known as the WisdomTree Strong Dollar U.S. Equity Index. |
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.
16 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Export and Multinational Fund (WEXP)
(formerly, WisdomTree Weak Dollar U.S. Equity Fund)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Information Technology | 25.0% | |||
Health Care | 17.0% | |||
Consumer Staples | 15.4% | |||
Industrials | 14.4% | |||
Financials | 9.2% | |||
Consumer Discretionary | 8.6% | |||
Materials | 6.8% | |||
Energy | 3.0% | |||
Real Estate | 0.3% | |||
Utilities | 0.2% | |||
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 6/30/17
Description | % of Net Assets | |||
Johnson & Johnson | 5.0 | % | ||
Citigroup, Inc. | 4.8 | % | ||
Philip Morris International, Inc. | 4.1 | % | ||
Procter & Gamble Co. (The) | 2.9 | % | ||
Exxon Mobil Corp. | 2.9 | % | ||
Apple, Inc. | 2.9 | % | ||
Alphabet, Inc., Class A | 2.7 | % | ||
General Electric Co. | 2.5 | % | ||
Microsoft Corp. | 2.3 | % | ||
Pfizer, Inc. | 2.2 | % |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Export and Multinational Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Export and Multinational 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.
The Fund returned 22.55% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Information Technology contributed positively to performance while its position in Utilities contributed negatively to 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 November 1, 2016, as supplemented March 13, 2017 and May 8, 2017, the Fund’s annual expense ratio was 0.33%.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 22.55 | % | 10.41 | % | ||||
Fund Market Price Returns | 22.74 | % | 10.34 | % | ||||
WisdomTree U.S. Export and Multinational Index2 | 22.23 | % | 10.09 | % | ||||
S&P 500® Index | 17.90 | % | 9.48 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015. |
2 | Prior to March 17, 2017, the WisdomTree U.S. Export and Multinational Index was known as the WisdomTree Weak Dollar U.S. Equity Index. |
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, 2017 | 17 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Financials | 31.8% | |||
Health Care | 15.2% | |||
Consumer Discretionary | 11.7% | |||
Consumer Staples | 8.9% | |||
Industrials | 8.0% | |||
Information Technology | 6.6% | |||
Telecommunication Services | 5.8% | |||
Energy | 4.3% | |||
Utilities | 3.7% | |||
Materials | 1.8% | |||
Real Estate | 0.7% | |||
U.S. Government Obligations | 0.2% | |||
Other Assets less Liabilities‡ | 1.3% | |||
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 6/30/17
Description | % of Net Assets | |||
Morgan Stanley, | 3.2% | |||
Time Warner, Inc., | 3.1% | |||
Dow Chemical Co. (The), | 3.1% | |||
Verizon Communications, Inc., | 3.1% | |||
Citigroup, Inc., | 3.0% | |||
Pfizer, Inc., | 2.5% | |||
Chevron Corp., | 2.5% | |||
McKesson Corp., | 2.4% | |||
Synchrony Financial, | 2.2% | |||
AT&T, Inc., | 2.2% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 1.52% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund benefited from security allocations to the Insurance industry, while security allocations to Consumer Non-Cyclicals lagged. The Fund underperformance as compared to the Index can mainly be attributed to representative sampling.
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 1, 2016, the Fund’s net and gross annual expense ratios were 0.18% and 0.28%, respectively. 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 Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 1.52 | % | 2.91 | % | ||||
Fund Market Price Returns | 1.42 | % | 2.24 | % | ||||
WisdomTree Fundamental U.S. Corporate Bond Index | 1.97 | % | 3.62 | % | ||||
BofA Merrill Lynch U.S. Corporate Index | 2.33 | % | 4.13 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016. |
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, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Consumer Discretionary | 20.2% | |||
Health Care | 16.0% | |||
Information Technology | 11.0% | |||
Industrials | 9.9% | |||
Financials | 8.8% | |||
Materials | 8.5% | |||
Consumer Staples | 8.2% | |||
Energy | 6.4% | |||
Utilities | 3.4% | |||
Telecommunication Services | 2.8% | |||
Real Estate | 2.5% | |||
Other Assets less Liabilities‡ | 2.3% | |||
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 6/30/17
Description | % of Net Assets | |||
First Data Corp., | 3.0% | |||
HCA, Inc., | 3.0% | |||
Cablevision Systems Corp., | 2.7% | |||
Western Digital Corp., | 2.7% | |||
DaVita, Inc., | 2.5% | |||
CCO Holdings LLC, | 2.5% | |||
Navient Corp., | 2.4% | |||
Nielsen Finance LLC, | 2.4% | |||
ADT Corp. (The), | 2.4% | |||
Scientific Games International, Inc., | 2.2% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 10.23% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund benefited from security allocations to the Wireless industry, while security allocations to the Cable & Satellite industry lagged. The Fund underperformance as compared to the Index can mainly be attributed to representative sampling.
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 1, 2016, the Fund’s net and gross annual expense ratios were 0.38% and 0.48%, respectively. 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 Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 10.23 | % | 9.86 | % | ||||
Fund Market Price Returns | 9.14 | % | 8.22 | % | ||||
WisdomTree Fundamental U.S. High Yield Corporate Bond Index | 12.14 | % | 11.90 | % | ||||
BofA Merrill Lynch U.S. High Yield Index | 12.75 | % | 12.86 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016. |
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, 2017 | 19 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Financials | 33.8% | |||
Health Care | 14.8% | |||
Consumer Staples | 12.1% | |||
Information Technology | 8.3% | |||
Consumer Discretionary | 6.9% | |||
Industrials | 6.8% | |||
Telecommunication Services | 6.1% | |||
Utilities | 5.2% | |||
Energy | 2.7% | |||
Materials | 2.0% | |||
Other Assets less Liabilities‡ | 1.3% | |||
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 6/30/17
Description | % of Net Assets | |||
Lockheed Martin Corp., | 3.1% | |||
NextEra Energy Capital Holdings, Inc., | 3.0% | |||
Verizon Communications, Inc., | 2.9% | |||
Stryker Corp., | 2.9% | |||
Bank of America Corp., | 2.5% | |||
CVS Health Corp., | 2.4% | |||
Goldman Sachs Group, Inc. (The), | 2.4% | |||
McKesson Corp., | 2.3% | |||
Bank of New York Mellon Corp. (The), | 2.3% | |||
Citigroup, Inc., | 2.1% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 1.02% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund benefited from industry allocations to Capital Goods, while industry allocations to Banking lagged. The Fund underperformance as compared to the Index can mainly be attributed to representative sampling.
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 1, 2016, the Fund’s net and gross annual expense ratios were 0.18% and 0.28%, respectively. 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 Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 1.02 | % | 1.43 | % | ||||
Fund Market Price Returns | 1.00 | % | 0.66 | % | ||||
WisdomTree Fundamental U.S. Short-Term Corporate Bond Index | 1.54 | % | 2.08 | % | ||||
BofA Merrill Lynch 1-5 year U.S. Corporate Index | 1.59 | % | 2.31 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016. |
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.
20 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Health Care | 20.6% | |||
Financials | 18.2% | |||
Consumer Discretionary | 16.9% | |||
Industrials | 11.2% | |||
Consumer Staples | 6.8% | |||
Telecommunication Services | 5.5% | |||
Utilities | 5.2% | |||
Materials | 5.0% | |||
Energy | 4.2% | |||
Other Assets less Liabilities‡ | 6.4% | |||
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 6/30/17
Description | % of Net Assets | |||
Navient Corp., | 3.2% | |||
CNH Industrial Capital LLC, | 3.0% | |||
Nationstar Mortgage LLC, | 3.0% | |||
TransDigm, Inc., | 2.9% | |||
Centene Corp., | 2.9% | |||
HCA, Inc., | 2.8% | |||
HRG Group, Inc., | 2.8% | |||
GLP Capital L.P., | 2.8% | |||
Michaels Stores, Inc., | 2.4% | |||
MGM Resorts International, | 2.4% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 8.19% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund benefited from security allocations to the Media & Entertainment industry, while security allocations to the Metals & Mining industry lagged. The Fund underperformance as compared to the Index can mainly be attributed to representative sampling.
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 1, 2016, the Fund’s net and gross annual expense ratios were 0.38% and 0.48%, respectively. 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 Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 8.19 | % | 8.48 | % | ||||
Fund Market Price Returns | 7.29 | % | 6.75 | % | ||||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index | 10.00 | % | 11.25 | % | ||||
BofA Merrill Lynch 1-5 year U.S. High Yield Constrained Index | 12.55 | % | 13.28 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016. |
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, 2017 | 21 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Information Technology | 24.8% | |||
Consumer Discretionary | 16.4% | |||
Health Care | 12.5% | |||
Industrials | 9.8% | |||
Real Estate | 8.8% | |||
Financials | 8.3% | |||
Consumer Staples | 8.0% | |||
Energy | 3.4% | |||
Utilities | 2.6% | |||
Telecommunication Services | 2.4% | |||
Materials | 2.1% | |||
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 6/30/17
Description | % of Net Assets | |||
Cirrus Logic, Inc. | 3.1% | |||
HealthSouth Corp. | 2.5% | |||
H&R Block, Inc. | 2.3% | |||
HCA Healthcare, Inc. | 2.3% | |||
Hershey Co. (The) | 2.3% | |||
Lockheed Martin Corp. | 2.1% | |||
Equity Residential | 2.1% | |||
Cracker Barrel Old Country Store, Inc. | 2.0% | |||
Murphy USA, Inc. | 2.0% | |||
Hanesbrands, Inc. | 1.9% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 5.93% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed negatively to performance. During the fiscal year, 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 fiscal year 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 November 1, 2016, 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 October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 5.93 | % | 3.90 | % | ||||
Fund Market Price Returns | 5.98 | % | 3.87 | % | ||||
WisdomTree Dynamic Bearish U.S. Equity Index | 5.37 | % | 3.68 | % | ||||
S&P 500® Index | 17.90 | % | 13.51 | % | ||||
S&P 500® Inverse Daily Index | -14.64 | % | -12.07 | % |
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.
22 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
Sector Breakdown† as of 6/30/17
Sector | % of Net Assets | |||
Information Technology | 24.9% | |||
Consumer Discretionary | 16.4% | |||
Health Care | 12.6% | |||
Industrials | 9.8% | |||
Real Estate | 8.8% | |||
Financials | 8.4% | |||
Consumer Staples | 8.1% | |||
Energy | 3.4% | |||
Utilities | 2.6% | |||
Telecommunication Services | 2.4% | |||
Materials | 2.1% | |||
Other Assets less Liabilities‡ | 0.5% | |||
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 6/30/17
Description | % of Net Assets | |||
Cirrus Logic, Inc. | 3.1% | |||
HealthSouth Corp. | 2.5% | |||
H&R Block, Inc. | 2.3% | |||
Hershey Co. (The) | 2.2% | |||
HCA Healthcare, Inc. | 2.2% | |||
Equity Residential | 2.1% | |||
Lockheed Martin Corp. | 2.1% | |||
Cracker Barrel Old Country Store, Inc. | 2.0% | |||
Murphy USA, Inc. | 2.0% | |||
Hanesbrands, Inc. | 1.9% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and 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 generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 15.25% at net asset value (“NAV”) for the fiscal year ending June 30, 2017 (for more complete performance information please see the table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed negatively to performance. During the fiscal year, 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 fiscal year 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 November 1, 2016, 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 October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 6/30/17
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 15.25 | % | 14.67 | % | ||||
Fund Market Price Returns | 15.51 | % | 14.70 | % | ||||
WisdomTree Dynamic Long/Short U.S. Equity Index | 15.81 | % | 15.37 | % | ||||
S&P 500® Index | 17.90 | % | 13.51 | % |
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, 2017 | 23 |
Table of Contents
Description of Indexes (unaudited)
Below are descriptions of each Index referenced in this report:
The BofA Merrill Lynch U.S. Corporate Index tracks the performance of U.S. dollar denominated investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $250 million.
The BofA Merrill Lynch U.S. High Yield Index tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million.
The BofA Merrill Lynch 1-5 Year U.S. Corporate Index is a subset of the BofA Merrill Lynch U.S. Corporate Index including all securities with a remaining term to final maturity less than 5 years.
The BofA Merrill Lynch 1-5 Year U.S. High Yield Constrained Index tracks the performance of short-term U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch).
The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.
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 EAFE Index is a market cap-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan.
The MSCI EAFE Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure developed market equity performance, excluding the U.S. and Canada which is calculated in local currency.
The MSCI EAFE Small Cap Index is comprised of small-capitalization stocks in the MSCI EAFE Index.
The MSCI EAFE Small Cap Local Currency Index is a free float-adjusted market capitalization equity index that is designed to measure the performance of small-cap stocks within the developed equity market, excluding the U.S. and Canada, 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 MSCI European Economic and Monetary Union (EMU) Local Currency Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of countries within the EMU and calculated in local currency.
The MSCI Japan Index is a capitalization weighted index that is comprised of stocks in Japan.
24 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Description of Indexes (unaudited) (continued)
The MSCI Japan Local Currency Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan and calculated in local currency.
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 Index 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 Currency Hedged Europe Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies incorporated in developed Europe and is designed to remove from index performance the impact of the changes in the value of the Euro relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.
The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States, and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.
The WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis. The Index is comprised of the top 300 companies from the WisdomTree International Equity Index with the best combined rank of growth and quality factors.
The WisdomTree Dynamic Currency Hedged International SmallCap Equity Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.
The WisdomTree Dynamic Currency Hedged Japan Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in Japan and is designed to remove from index performance the impact of changes in the value of the Japanese Yen relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.
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 Emerging Markets Dividend Index is a dividend weighted index that consists of emerging market dividend-paying common stocks.
The WisdomTree Europe Domestic Economy Index (formerly, 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.
WisdomTree Trust Annual Report June 30, 2017 | 25 |
Table of Contents
Description of Indexes (unaudited) (continued)
The WisdomTree Fundamental U.S. Corporate Bond Index is designed to capture the performance of selected issuers in the U.S. investment grade corporate bond market that are deemed to have favorable fundamental and income characteristics.
The WisdomTree Fundamental U.S. High Yield Corporate Bond Index is designed to capture the performance of selected issuers in the U.S. non-investment-grade corporate bond market that are deemed to have favorable fundamental and income characteristics.
The WisdomTree Fundamental U.S. Short-Term Corporate Bond Index is designed to capture the performance of selected issuers in the short-term U.S. investment grade corporate bond market that are deemed to have favorable fundamental and income characteristics.
The WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index is designed to capture the performance of selected issuers in the short-term U.S. non-investment-grade corporate bond market that are deemed to have favorable fundamental and income characteristics.
The WisdomTree Global ex-Mexico Equity Index is a float-adjusted market capitalization weighted index that measures the performance of 2000 largest companies in developed and emerging markets throughout the world, excluding Mexico.
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 U.S. Domestic Economy Index (formerly, 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 U.S. Export and Multinational Index (formerly, 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.
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
26 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Description of Indexes (unaudited) (concluded)
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 dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
WisdomTree Trust Annual Report June 30, 2017 | 27 |
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, 2017 to June 30, 2017.
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 1/1/17 to 6/30/17” 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.
28 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Shareholder Expense Examples (unaudited) (continued)
Beginning Account Value 1/1/17 | Ending Account Value 6/30/17 | Annualized Expense Ratio Based on the Period‡ 1/1/17 to 6/30/17 | Expenses Paid During the Period† 1/1/17 to 6/30/17 | |||||||||||||
WisdomTree Dynamic Currency Hedged Europe Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,123.10 | 0.43 | %1 | $ | 2.26 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.66 | 0.43 | %1 | $ | 2.16 | ||||||||
WisdomTree Dynamic Currency Hedged International Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,090.20 | 0.35 | %2 | $ | 1.81 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.06 | 0.35 | %2 | $ | 1.76 | ||||||||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,152.60 | 0.10 | %3 | $ | 0.53 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.30 | 0.10 | %3 | $ | 0.50 | ||||||||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,123.90 | 0.43 | %1 | $ | 2.26 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.66 | 0.43 | %1 | $ | 2.16 | ||||||||
WisdomTree Dynamic Currency Hedged Japan Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,059.30 | 0.43 | %1 | $ | 2.20 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.66 | 0.43 | %1 | $ | 2.16 | ||||||||
WisdomTree Emerging Markets Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,123.00 | 0.32 | % | $ | 1.68 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.21 | 0.32 | % | $ | 1.61 | ||||||||
WisdomTree Europe Domestic Economy Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,207.20 | 0.48 | %4 | $ | 2.63 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.41 | 0.48 | %4 | $ | 2.41 | ||||||||
WisdomTree Global ex-Mexico Equity Fund | ||||||||||||||||
Actual5 | $ | 1,000.00 | $ | 1,067.90 | 0.30 | %5 | $ | 1.20 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.31 | 0.30 | %5 | $ | 1.51 | ||||||||
WisdomTree Global Hedged SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,033.40 | 0.00 | %6 | $ | 0.00 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.79 | 0.00 | %6 | $ | 0.00 | ||||||||
WisdomTree Global SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,055.20 | 0.43 | % | $ | 2.19 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.66 | 0.43 | % | $ | 2.16 | ||||||||
WisdomTree Strong Dollar Emerging Markets Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,181.80 | 0.58 | %7 | $ | 3.14 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,021.92 | 0.58 | %7 | $ | 2.91 | ||||||||
WisdomTree U.S. Domestic Economy Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,050.80 | 0.33 | % | $ | 1.68 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.16 | 0.33 | % | $ | 1.66 | ||||||||
WisdomTree U.S. Export and Multinational Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,120.40 | 0.33 | % | $ | 1.73 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.16 | 0.33 | % | $ | 1.66 | ||||||||
WisdomTree Fundamental U.S. Corporate Bond Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,035.60 | 0.18 | %8 | $ | 0.91 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.90 | 0.18 | %8 | $ | 0.90 |
WisdomTree Trust Annual Report June 30, 2017 | 29 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
Beginning Account Value 1/1/17 | Ending Account Value 6/30/17 | Annualized Expense Ratio Based on the Period‡ 1/1/17 to 6/30/17 | Expenses Paid During the Period† 1/1/17 to 6/30/17 | |||||||||||||
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,037.70 | 0.38 | %9 | $ | 1.92 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.91 | 0.38 | %9 | $ | 1.91 | ||||||||
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,014.10 | 0.18 | %8 | $ | 0.90 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.90 | 0.18 | %8 | $ | 0.90 | ||||||||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,026.50 | 0.38 | %9 | $ | 1.91 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.91 | 0.38 | %9 | $ | 1.91 | ||||||||
WisdomTree Dynamic Bearish U.S. Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,033.80 | 0.48 | %4 | $ | 2.42 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.41 | 0.48 | %4 | $ | 2.41 | ||||||||
WisdomTree Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,103.90 | 0.48 | %4 | $ | 2.50 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.41 | 0.48 | %4 | $ | 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 181/365 (to reflect the one-half year period). |
1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
2 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
3 | 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, as well as an additional 0.10%, through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
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 | Fund commenced operations on February 10, 2017. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 141/365 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.30% through February 2, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
6 | 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. |
7 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% effective June 30, 2017 through July 31, 2018, 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 0.18% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
9 | 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. |
30 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
Austria – 1.3% | ||||||||
Andritz AG | 33 | $ | 1,985 | |||||
Erste Group Bank AG* | 81 | 3,097 | ||||||
EVN AG | 61 | 911 | ||||||
Oesterreichische Post AG | 32 | 1,388 | ||||||
OMV AG | 100 | 5,182 | ||||||
Telekom Austria AG* | 154 | 1,208 | ||||||
UNIQA Insurance Group AG | 184 | 1,713 | ||||||
Verbund AG | 73 | 1,390 | ||||||
Voestalpine AG | 49 | 2,280 | ||||||
|
| |||||||
Total Austria | 19,154 | |||||||
Belgium – 6.6% | ||||||||
Ackermans & van Haaren N.V. | 3 | 500 | ||||||
Anheuser-Busch InBev S.A. | 506 | 55,813 | ||||||
Barco N.V. | 2 | 205 | ||||||
Bekaert S.A. | 25 | 1,270 | ||||||
bpost S.A. | 370 | 8,919 | ||||||
Cofinimmo S.A. | 23 | 2,824 | ||||||
Colruyt S.A. | 34 | 1,789 | ||||||
D’ieteren S.A./N.V. | 16 | 747 | ||||||
Elia System Operator S.A./N.V. | 19 | 1,074 | ||||||
Ion Beam Applications | 3 | 165 | ||||||
KBC Group N.V. | 76 | 5,757 | ||||||
Melexis N.V. | 10 | 820 | ||||||
Orange Belgium S.A. | 166 | 3,881 | ||||||
Proximus SADP | 164 | 5,729 | ||||||
Solvay S.A. | 31 | 4,154 | ||||||
Umicore S.A. | 28 | 1,945 | ||||||
Warehouses De Pauw CVA | 9 | 945 | ||||||
|
| |||||||
Total Belgium | 96,537 | |||||||
Finland – 4.9% | ||||||||
Amer Sports Oyj* | 117 | 2,922 | ||||||
Cargotec Oyj Class B | 12 | 760 | ||||||
DNA Oyj | 9 | 143 | ||||||
Elisa Oyj | 55 | 2,128 | ||||||
Fortum Oyj | 886 | 13,875 | ||||||
Huhtamaki Oyj | 19 | 748 | ||||||
Kemira Oyj | 71 | 896 | ||||||
Kesko Oyj Class B | 39 | 1,981 | ||||||
Kone Oyj Class B | 116 | 5,893 | ||||||
Konecranes Oyj | 33 | 1,395 | ||||||
Metso Oyj | 64 | 2,216 | ||||||
Neste Oyj | 75 | 2,950 | ||||||
Nokia Oyj | 1,058 | 6,462 | ||||||
Nokian Renkaat Oyj | 52 | 2,149 | ||||||
Orion Oyj Class B | 42 | 2,678 | ||||||
Sampo Oyj Class A | 223 | 11,412 | ||||||
Sanoma Oyj | 16 | 149 | ||||||
Stora Enso Oyj Class R | 210 | 2,709 | ||||||
Tieto Oyj | 28 | 865 | ||||||
UPM-Kymmene Oyj | 192 | 5,466 | ||||||
Valmet Oyj | 46 | 892 | ||||||
Wartsila Oyj Abp | 49 | 2,892 | ||||||
YIT Oyj | 17 | 142 | ||||||
|
| |||||||
Total Finland | 71,723 | |||||||
France – 25.5% | ||||||||
Accor S.A. | 32 | 1,498 | ||||||
Aeroports de Paris | 11 | 1,773 | ||||||
Air Liquide S.A. | 48 | 5,924 | ||||||
Airbus SE | 151 | 12,400 | ||||||
Amundi S.A.(a) | 50 | 3,613 | ||||||
Arkema S.A. | 14 | 1,492 | ||||||
Atos SE | 9 | 1,262 | ||||||
AXA S.A. | 622 | 16,991 | ||||||
BNP Paribas S.A. | 322 | 23,159 | ||||||
Bollore S.A. | 169 | 767 | ||||||
Bouygues S.A. | 85 | 3,579 | ||||||
Bureau Veritas S.A. | 74 | 1,635 | ||||||
Capgemini SE | 12 | 1,238 | ||||||
Carrefour S.A. | 200 | 5,053 | ||||||
Casino Guichard Perrachon S.A. | 38 | 2,248 | ||||||
Christian Dior SE(b) | 24 | 6,853 | ||||||
Cie de Saint-Gobain | 99 | 5,282 | ||||||
Cie Generale des Etablissements Michelin | 32 | 4,248 | ||||||
Cie Plastic Omnium S.A. | 13 | 474 | ||||||
CNP Assurances | 241 | 5,403 | ||||||
Coface S.A. | 62 | 621 | ||||||
Credit Agricole S.A. | 991 | 15,920 | ||||||
Danone S.A. | 99 | 7,431 | ||||||
Dassault Systemes SE | 10 | 895 | ||||||
Edenred | 70 | 1,823 | ||||||
Eiffage S.A. | 11 | 998 | ||||||
Electricite de France S.A. | 747 | 8,079 | ||||||
Elior Group(a) | 5 | 145 | ||||||
Elis S.A.(b) | 7 | 160 | ||||||
Engie S.A. | 648 | 9,767 | ||||||
Essilor International S.A. | 12 | 1,525 | ||||||
Eurazeo S.A. | 15 | 1,124 | ||||||
Eutelsat Communications S.A. | 90 | 2,295 | ||||||
Fonciere Des Regions | 24 | 2,223 | ||||||
Gaztransport Et Technigaz S.A. | 6 | 239 | ||||||
Groupe Eurotunnel SE Registered Shares | 15 | 160 | ||||||
Havas S.A. | 65 | 683 | ||||||
Hermes International | 5 | 2,467 | ||||||
ICADE | 19 | 1,593 | ||||||
Imerys S.A. | 16 | 1,390 | ||||||
JCDecaux S.A. | 12 | 393 | ||||||
Kering | 19 | 6,462 | ||||||
Klepierre | 131 | 5,362 | ||||||
L’Oreal S.A. | 55 | 11,442 | ||||||
Lagardere SCA | 48 | 1,514 | ||||||
Legrand S.A. | 32 | 2,235 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 67 | 16,682 | ||||||
Metropole Television S.A. | 47 | 1,093 | ||||||
Natixis S.A. | 1,314 | 8,808 | ||||||
Nexity S.A.* | 21 | 1,219 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
June 30, 2017
Investments | Shares | Value | ||||||
Orange S.A. | 492 | $ | 7,794 | |||||
Pernod Ricard S.A. | 25 | 3,343 | ||||||
Peugeot S.A. | 101 | 2,012 | ||||||
Publicis Groupe S.A. | 58 | 4,320 | ||||||
Remy Cointreau S.A. | 7 | 816 | ||||||
Rexel S.A. | 72 | 1,176 | ||||||
Rubis SCA | 7 | 792 | ||||||
Safran S.A. | 50 | 4,576 | ||||||
Sanofi | 282 | 26,940 | ||||||
Sartorius Stedim Biotech | 2 | 155 | ||||||
Schneider Electric SE* | 115 | 8,823 | ||||||
SCOR SE | 53 | 2,098 | ||||||
SEB S.A. | 7 | 1,255 | ||||||
Societe Generale S.A. | 244 | 13,110 | ||||||
Sodexo S.A. | 21 | 2,711 | ||||||
SPIE S.A. | 32 | 960 | ||||||
Suez | 120 | 2,219 | ||||||
Tarkett S.A. | 13 | 603 | ||||||
Teleperformance* | 7 | 895 | ||||||
Television Francaise 1 | 21 | 294 | ||||||
Thales S.A. | 29 | 3,117 | ||||||
TOTAL S.A. | 776 | 38,310 | ||||||
Unibail-Rodamco SE(b) | 20 | 5,033 | ||||||
Valeo S.A. | 28 | 1,884 | ||||||
Vicat S.A. | 12 | 844 | ||||||
Vinci S.A. | 95 | 8,097 | ||||||
Vivendi S.A. | 456 | 10,137 | ||||||
Wendel S.A. | 6 | 887 | ||||||
|
| |||||||
Total France | 372,841 | |||||||
Germany – 25.3% | ||||||||
Aareal Bank AG | 21 | 831 | ||||||
adidas AG | 27 | 5,166 | ||||||
Allianz SE Registered Shares | 177 | 34,804 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA(b) | 10 | 536 | ||||||
Aurubis AG | 9 | 706 | ||||||
Axel Springer SE | 28 | 1,680 | ||||||
BASF SE | 288 | 26,636 | ||||||
Bayer AG Registered Shares | 178 | 22,982 | ||||||
Bayerische Motoren Werke AG | 140 | 12,979 | ||||||
BayWa AG | 4 | 142 | ||||||
Bechtle AG | 5 | 642 | ||||||
Beiersdorf AG | 15 | 1,575 | ||||||
Bilfinger SE | 8 | 313 | ||||||
Brenntag AG | 23 | 1,329 | ||||||
Carl Zeiss Meditec AG Bearer Shares | 16 | 829 | ||||||
Comdirect Bank AG | 14 | 155 | ||||||
Continental AG | 6 | 1,293 | ||||||
Covestro AG(a) | 23 | 1,658 | ||||||
CTS Eventim AG & Co. KGaA | 4 | 177 | ||||||
Daimler AG Registered Shares | 536 | 38,740 | ||||||
Deutsche Boerse AG | 40 | 4,216 | ||||||
Deutsche Lufthansa AG Registered Shares | 165 | 3,750 | ||||||
Deutsche Post AG Registered Shares | 321 | 12,016 | ||||||
Deutsche Telekom AG Registered Shares | 1,322 | 23,703 | ||||||
Deutsche Wohnen AG Bearer Shares | 65 | 2,483 | ||||||
Diebold Nixdorf AG | 2 | 164 | ||||||
DMG MORI AG | 15 | 842 | ||||||
Drillisch AG | 19 | 1,143 | ||||||
Duerr AG | 8 | 949 | ||||||
E.ON SE | 780 | 7,338 | ||||||
ElringKlinger AG(b) | 65 | 1,244 | ||||||
Evonik Industries AG | 155 | 4,947 | ||||||
Fielmann AG | 14 | 1,078 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 18 | 1,587 | ||||||
Freenet AG | 57 | 1,815 | ||||||
Fresenius Medical Care AG & Co. KGaA | 23 | 2,208 | ||||||
Fresenius SE & Co. KGaA | 39 | 3,339 | ||||||
Fuchs Petrolub SE | 12 | 566 | ||||||
GEA Group AG | 28 | 1,144 | ||||||
Gerresheimer AG | 2 | 161 | ||||||
Hamburger Hafen und Logistik AG | 40 | 872 | ||||||
Hannover Rueck SE | 45 | 5,387 | ||||||
HeidelbergCement AG | 22 | 2,124 | ||||||
Hella KGaA Hueck & Co. | 28 | 1,376 | ||||||
Henkel AG & Co. KGaA | 34 | 4,107 | ||||||
Hochtief AG | 18 | 3,293 | ||||||
Hugo Boss AG | 25 | 1,748 | ||||||
Infineon Technologies AG | 123 | 2,593 | ||||||
Innogy SE(a) | 215 | 8,451 | ||||||
K+S AG Registered Shares(b) | 75 | 1,918 | ||||||
KION Group AG | 13 | 992 | ||||||
Kloeckner & Co. SE | 124 | 1,304 | ||||||
Krones AG | 3 | 347 | ||||||
LANXESS AG | 9 | 680 | ||||||
LEG Immobilien AG | 16 | 1,502 | ||||||
Linde AG | 40 | 7,564 | ||||||
MAN SE | 27 | 2,891 | ||||||
Merck KGaA | 17 | 2,050 | ||||||
METRO AG | 85 | 2,865 | ||||||
MTU Aero Engines AG | 6 | 845 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 75 | 15,102 | ||||||
NORMA Group SE | 1 | 52 | ||||||
OSRAM Licht AG | 19 | 1,512 | ||||||
Pfeiffer Vacuum Technology AG | 1 | 146 | ||||||
ProSiebenSat.1 Media SE | 4 | 167 | ||||||
Rheinmetall AG | 7 | 664 | ||||||
SAP SE | 155 | 16,167 | ||||||
Scout24 AG(a) | 4 | 147 | ||||||
Siemens AG Registered Shares | 245 | 33,630 | ||||||
Software AG | 16 | 700 | ||||||
STADA Arzneimittel AG | 14 | 991 | ||||||
Stroeer SE & Co KGaA(b) | 3 | 179 | ||||||
Suedzucker AG | 32 | 666 | ||||||
Symrise AG | 17 | 1,203 | ||||||
Talanx AG | 109 | 4,065 | ||||||
Telefonica Deutschland Holding AG | 130 | 648 | ||||||
ThyssenKrupp AG | 29 | 823 |
See Notes to Financial Statements.
32 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
June 30, 2017
Investments | Shares | Value | ||||||
TLG Immobilien AG | 19 | $ | 388 | |||||
TUI AG | 157 | 2,277 | ||||||
Uniper SE | 64 | 1,200 | ||||||
United Internet AG Registered Shares | 29 | 1,592 | ||||||
Volkswagen AG | 37 | 5,729 | ||||||
VTG AG | 4 | 156 | ||||||
Wacker Chemie AG | 11 | 1,193 | ||||||
Wacker Neuson SE | 12 | 291 | ||||||
|
| |||||||
Total Germany | 370,463 | |||||||
Ireland – 0.9% | ||||||||
C&C Group PLC | 1,307 | 4,798 | ||||||
CRH PLC | 156 | 5,511 | ||||||
Glanbia PLC | 39 | 762 | ||||||
Smurfit Kappa Group PLC | 54 | 1,679 | ||||||
|
| |||||||
Total Ireland | 12,750 | |||||||
Italy – 10.7% | ||||||||
A2A SpA | 1,168 | 1,937 | ||||||
ACEA SpA | 89 | 1,347 | ||||||
Anima Holding SpA(a) | 95 | 680 | ||||||
Assicurazioni Generali SpA | 311 | 5,111 | ||||||
Atlantia SpA | 259 | 7,279 | ||||||
Azimut Holding SpA | 16 | 320 | ||||||
Banca Generali SpA | 43 | 1,278 | ||||||
Banca Mediolanum SpA | 207 | 1,715 | ||||||
Banca Popolare di Sondrio SCPA | 305 | 1,201 | ||||||
BPER Banca | 56 | 279 | ||||||
Brembo SpA | 70 | 1,023 | ||||||
Brunello Cucinelli SpA | 6 | 158 | ||||||
Davide Campari-Milano SpA | 166 | 1,168 | ||||||
De’ Longhi SpA | 25 | 782 | ||||||
DiaSorin SpA | 10 | 767 | ||||||
Ei Towers SpA | 59 | 3,408 | ||||||
Enav SpA(a) | 257 | 1,105 | ||||||
Enel SpA | 4,630 | 24,788 | ||||||
Eni SpA | 2,050 | 30,770 | ||||||
ERG SpA | 222 | 3,117 | ||||||
FinecoBank Banca Fineco SpA | 173 | 1,360 | ||||||
Hera SpA | 414 | 1,264 | ||||||
Industria Macchine Automatiche SpA | 13 | 1,193 | ||||||
Infrastrutture Wireless Italiane SpA(a) | 295 | 1,674 | ||||||
Intesa Sanpaolo SpA | 6,558 | 20,764 | ||||||
Intesa Sanpaolo SpA RSP | 1,695 | 5,019 | ||||||
Iren SpA | 586 | 1,355 | ||||||
Luxottica Group SpA | 74 | 4,275 | ||||||
MARR SpA | 29 | 688 | ||||||
Mediobanca SpA | 299 | 2,946 | ||||||
Moncler SpA | 22 | 514 | ||||||
Parmalat SpA | 113 | 391 | ||||||
Poste Italiane SpA(a) | 80 | 547 | ||||||
Prysmian SpA | 50 | 1,469 | ||||||
RAI Way SpA(a) | 197 | 981 | ||||||
Recordati SpA | 49 | 1,985 | ||||||
Salvatore Ferragamo SpA | 45 | 1,198 | ||||||
Saras SpA | 821 | 1,908 | ||||||
Snam SpA | 1,460 | 6,354 | ||||||
Societa Cattolica di Assicurazioni SCRL | 94 | 730 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 85 | 936 | ||||||
Telecom Italia SpA RSP | 240 | 177 | ||||||
Terna Rete Elettrica Nazionale SpA | 1,177 | 6,344 | ||||||
Tod’s SpA | 23 | 1,432 | ||||||
Unione di Banche Italiane SpA | 279 | 1,198 | ||||||
Unipol Gruppo Finanziario SpA | 433 | 1,896 | ||||||
|
| |||||||
Total Italy | 156,831 | |||||||
Netherlands – 6.3% | ||||||||
Aalberts Industries N.V. | 13 | 517 | ||||||
ABN AMRO Group N.V. CVA(a) | 177 | 4,686 | ||||||
Akzo Nobel N.V. | 53 | 4,600 | ||||||
Arcadis N.V. | 14 | 253 | ||||||
ASM International N.V. | 15 | 872 | ||||||
ASML Holding N.V. | 42 | 5,466 | ||||||
BE Semiconductor Industries N.V. | 19 | 1,013 | ||||||
ForFarmers N.V. | 13 | 146 | ||||||
Gemalto N.V. | 6 | 360 | ||||||
GrandVision N.V.(a) | 71 | 1,899 | ||||||
Heineken Holding N.V. | 42 | 3,844 | ||||||
Heineken N.V. | 70 | 6,797 | ||||||
IMCD Group N.V. | 3 | 162 | ||||||
ING Groep N.V. | 1,723 | 29,674 | ||||||
Koninklijke Ahold Delhaize N.V. | 26 | 496 | ||||||
Koninklijke DSM N.V. | 52 | 3,774 | ||||||
Koninklijke KPN N.V. | 482 | 1,540 | ||||||
Koninklijke Philips N.V. | 274 | 9,718 | ||||||
Koninklijke Vopak N.V. | 63 | 2,917 | ||||||
NN Group N.V. | 143 | 5,076 | ||||||
Philips Lighting N.V.(a) | 4 | 147 | ||||||
Randstad Holding N.V. | 75 | 4,373 | ||||||
Wessanen | 9 | 152 | ||||||
Wolters Kluwer N.V. | 80 | 3,382 | ||||||
|
| |||||||
Total Netherlands | 91,864 | |||||||
Portugal – 1.1% | ||||||||
EDP – Energias de Portugal S.A. | 1,656 | 5,408 | ||||||
Galp Energia, SGPS, S.A. | 255 | 3,855 | ||||||
Jeronimo Martins, SGPS, S.A. | 140 | 2,729 | ||||||
Navigator Co. S.A. (The) | 442 | 1,906 | ||||||
NOS, SGPS, S.A. | 25 | 152 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 748 | 2,338 | ||||||
|
| |||||||
Total Portugal | 16,388 | |||||||
Spain – 15.0% | ||||||||
Abertis Infraestructuras S.A. | 370 | 6,845 | ||||||
Acciona S.A. | 14 | 1,231 | ||||||
Acerinox S.A. | 98 | 1,340 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 114 | 4,398 | ||||||
Almirall S.A. | 36 | 586 | ||||||
Amadeus IT Group S.A. | 66 | 3,941 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 68 | 794 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 3,212 | 26,615 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 33 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
June 30, 2017
Investments | Shares | Value | ||||||
Banco de Sabadell S.A. | 1,796 | $ | 3,644 | |||||
Banco Santander S.A. | 5,018 | 33,149 | ||||||
Bankia S.A. | 1,407 | 6,791 | ||||||
Bankinter S.A. | 238 | 2,189 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A. | 42 | 1,515 | ||||||
CaixaBank S.A. | 2,966 | 14,140 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 37 | 971 | ||||||
Distribuidora Internacional de Alimentacion S.A. | 170 | 1,057 | ||||||
Ebro Foods S.A. | 55 | 1,255 | ||||||
EDP Renovaveis S.A. | 167 | 1,326 | ||||||
Enagas S.A. | 25 | 700 | ||||||
Endesa S.A.(b) | 443 | 10,191 | ||||||
Gas Natural SDG S.A. | 438 | 10,236 | ||||||
Grifols S.A. | 53 | 1,474 | ||||||
Grupo Catalana Occidente S.A. | 22 | 924 | ||||||
Iberdrola S.A. | 2,192 | 17,333 | ||||||
Industria de Diseno Textil S.A. | 474 | 18,170 | ||||||
Mapfre S.A. | 1,690 | 5,894 | ||||||
Prosegur Cia de Seguridad S.A. | 163 | 1,058 | ||||||
Red Electrica Corp. S.A.(b) | 164 | 3,422 | ||||||
Repsol S.A. | 804 | 12,288 | ||||||
Telefonica S.A. | 2,413 | 24,874 | ||||||
Zardoya Otis S.A. | 78 | 806 | ||||||
|
| |||||||
Total Spain | 219,157 | |||||||
Switzerland – 0.5% | ||||||||
STMicroelectronics N.V. | 498 | 7,145 | ||||||
United Kingdom – 1.8% | ||||||||
CNH Industrial N.V. | 276 | 3,121 | ||||||
Unilever N.V. CVA | 429 | 23,643 | ||||||
|
| |||||||
Total United Kingdom | 26,764 | |||||||
TOTAL COMMON STOCKS (Cost: $1,243,335) | 1,461,617 | |||||||
RIGHTS – 0.0% | ||||||||
Spain – 0.0% | ||||||||
ACS Actividades de Construccion y Servicios S.A., expiring 7/17/17* | 114 | 91 | ||||||
Repsol S.A., expiring 7/6/17* | 804 | 367 | ||||||
TOTAL RIGHTS (Cost: $479) | 458 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0% | ||||||||
United States – 1.0% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c) | ||||||||
(Cost: $15,009)(d) | 15,009 | 15,009 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.9% (Cost: $1,258,823) | 1,477,084 | |||||||
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.9)% | (13,689 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,463,395 |
* | 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, 2017 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of June 30, 2017. |
(d) | At June 30, 2017, the total market value of the Fund’s securities on loan was $23,863 and the total market value of the collateral held by the Fund was $25,477. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $10,468. |
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) | |||||||||||||||||
7/5/2017 | EUR | 92,272 | USD | 103,945 | $ | (1,296 | ) | |||||||||||||
7/5/2017 | EUR | 92,272 | USD | 103,945 | (1,296 | ) | ||||||||||||||
7/5/2017 | EUR | 92,271 | USD | 103,945 | (1,295 | ) | ||||||||||||||
7/5/2017 | EUR | 92,286 | USD | 103,945 | (1,312 | ) | ||||||||||||||
7/5/2017 | EUR | 70,307 | USD | 79,200 | (988 | ) | ||||||||||||||
7/5/2017 | USD | 103,945 | EUR | 91,133 | (3 | ) | ||||||||||||||
7/5/2017 | USD | 79,200 | EUR | 69,439 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 103,945 | EUR | 91,133 | (3 | ) | ||||||||||||||
7/5/2017 | USD | 103,945 | EUR | 91,134 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 103,945 | EUR | 91,136 | — | |||||||||||||||
8/2/2017 | EUR | 90,349 | USD | 103,197 | 1 | |||||||||||||||
8/2/2017 | EUR | 68,841 | USD | 78,629 | — | |||||||||||||||
8/2/2017 | EUR | 90,350 | USD | 103,197 | 1 | |||||||||||||||
8/2/2017 | EUR | 90,349 | USD | 103,197 | 1 | |||||||||||||||
8/2/2017 | EUR | 90,351 | USD | 103,197 | (1 | ) | ||||||||||||||
$ | (6,194 | ) |
CURRENCY LEGEND |
EUR – Euro
USD – U.S. dollar
See Notes to Financial Statements.
34 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
Australia – 7.5% | ||||||||
AGL Energy Ltd. | 17,947 | $ | 351,039 | |||||
Amcor Ltd. | 35,443 | 440,694 | ||||||
AMP Ltd. | 167,510 | 666,855 | ||||||
Ansell Ltd. | 5,108 | 92,976 | ||||||
Aristocrat Leisure Ltd. | 23,311 | 403,389 | ||||||
Asaleo Care Ltd. | 30,572 | 34,472 | ||||||
ASX Ltd. | 7,660 | 314,991 | ||||||
Aurizon Holdings Ltd. | 78,652 | 323,369 | ||||||
Australia & New Zealand Banking Group Ltd. | 98,163 | 2,162,499 | ||||||
Bank of Queensland Ltd. | 32,197 | 282,777 | ||||||
Beach Energy Ltd. | 256,439 | 113,103 | ||||||
Bendigo & Adelaide Bank Ltd. | 34,013 | 289,074 | ||||||
BHP Billiton Ltd. | 101,443 | 1,811,460 | ||||||
Boral Ltd. | 40,870 | 217,878 | ||||||
Brambles Ltd. | 60,758 | 453,461 | ||||||
Brickworks Ltd. | 1,622 | 17,157 | ||||||
Caltex Australia Ltd. | 13,216 | 320,441 | ||||||
carsales.com Ltd. | 10,753 | 95,018 | ||||||
CIMIC Group Ltd. | 7,634 | 227,434 | ||||||
Cleanaway Waste Management Ltd. | 191,111 | 201,564 | ||||||
Coca-Cola Amatil Ltd. | 53,012 | 375,318 | ||||||
Cochlear Ltd. | 1,259 | 150,120 | ||||||
Commonwealth Bank of Australia | 70,317 | 4,466,494 | ||||||
Computershare Ltd. | 22,344 | 242,345 | ||||||
Crown Resorts Ltd. | 24,910 | 234,637 | ||||||
CSL Ltd. | 6,089 | 644,678 | ||||||
CSR Ltd. | 52,761 | 171,189 | ||||||
Downer EDI Ltd. | 48,865 | 240,259 | ||||||
Fairfax Media Ltd. | 229,789 | 193,886 | ||||||
Fortescue Metals Group Ltd. | 55,176 | 220,925 | ||||||
Genworth Mortgage Insurance Australia Ltd.(a) | 16,088 | 36,157 | ||||||
GrainCorp Ltd. Class A | 14,525 | 105,509 | ||||||
Harvey Norman Holdings Ltd.(a) | 143,379 | 420,119 | ||||||
Healthscope Ltd. | 21,678 | 36,748 | ||||||
Incitec Pivot Ltd. | 54,291 | 142,006 | ||||||
Insurance Australia Group Ltd. | 135,179 | 703,012 | ||||||
IOOF Holdings Ltd. | 35,960 | 270,315 | ||||||
IRESS Ltd. | 17,236 | 167,773 | ||||||
JB Hi-Fi Ltd.(a) | 2,974 | 53,312 | ||||||
Macquarie Group Ltd. | 11,150 | 756,906 | ||||||
Magellan Financial Group Ltd. | 8,302 | 183,654 | ||||||
Medibank Pvt Ltd. | 149,454 | 320,988 | ||||||
Myer Holdings Ltd.(a) | 179,677 | 115,081 | ||||||
National Australia Bank Ltd. | 119,727 | 2,717,445 | ||||||
Navitas Ltd. | 25,519 | 94,936 | ||||||
Newcrest Mining Ltd. | 11,552 | 178,637 | ||||||
NIB Holdings Ltd. | 12,358 | 54,505 | ||||||
Nine Entertainment Co. Holdings Ltd. | 146,247 | 154,807 | ||||||
Orora Ltd. | 120,042 | 263,344 | ||||||
Perpetual Ltd. | 6,038 | 258,759 | ||||||
Premier Investments Ltd. | 17,556 | 170,618 | ||||||
Primary Health Care Ltd. | 47,573 | 132,827 | ||||||
QBE Insurance Group Ltd. | 43,848 | 397,213 | ||||||
Qube Holdings Ltd. | 76,418 | 154,161 | ||||||
REA Group Ltd. | 4,471 | 227,717 | ||||||
Rio Tinto Ltd. | 25,564 | 1,240,653 | ||||||
Select Harvests Ltd. | 4,222 | 15,869 | ||||||
Seven West Media Ltd. | 73,325 | 40,214 | ||||||
Sonic Healthcare Ltd. | 17,874 | 332,062 | ||||||
Spotless Group Holdings Ltd. | 138,369 | 122,056 | ||||||
Star Entertainment Grp Ltd. (The) | 16,485 | 63,856 | ||||||
Steadfast Group Ltd. | 98,131 | 200,222 | ||||||
Suncorp Group Ltd. | 56,842 | 646,162 | ||||||
Super Retail Group Ltd. | 15,003 | 94,366 | ||||||
Tabcorp Holdings Ltd. | 45,341 | 151,983 | ||||||
Tatts Group Ltd. | 58,698 | 188,202 | ||||||
Technology One Ltd. | 38,633 | 170,689 | ||||||
Telstra Corp., Ltd. | 302,682 | 998,341 | ||||||
TPG Telecom Ltd.(a) | 35,458 | 155,029 | ||||||
Treasury Wine Estates Ltd. | 13,041 | 131,641 | ||||||
Vocus Group Ltd.(a) | 16,440 | 42,497 | ||||||
Washington H Soul Pattinson & Co., Ltd.(a) | 25,131 | 321,343 | ||||||
Wesfarmers Ltd. | 41,478 | 1,276,446 | ||||||
Westpac Banking Corp. | 89,257 | 2,088,854 | ||||||
Woodside Petroleum Ltd. | 32,868 | 753,064 | ||||||
Woolworths Ltd. | 45,536 | 892,071 | ||||||
|
| |||||||
Total Australia | 33,801,671 | |||||||
Austria – 0.4% | ||||||||
EVN AG | 28,447 | 424,708 | ||||||
OMV AG | 15,961 | 827,113 | ||||||
Voestalpine AG | 12,533 | 583,216 | ||||||
|
| |||||||
Total Austria | 1,835,037 | |||||||
Belgium – 2.0% | ||||||||
Ackermans & van Haaren N.V. | 2,633 | 439,049 | ||||||
Ageas | 9,896 | 397,976 | ||||||
Anheuser-Busch InBev S.A. | 47,176 | 5,203,635 | ||||||
bpost S.A. | 20,169 | 486,184 | ||||||
Colruyt S.A. | 6,703 | 352,631 | ||||||
Elia System Operator S.A./N.V. | 5,778 | 326,572 | ||||||
Euronav N.V. | 5,000 | 39,497 | ||||||
KBC Group N.V. | 11,462 | 868,177 | ||||||
Proximus SADP | 18,099 | 632,289 | ||||||
UCB S.A. | 2,913 | 200,109 | ||||||
|
| |||||||
Total Belgium | 8,946,119 | |||||||
China – 2.7% | ||||||||
Beijing Enterprises Holdings Ltd. | 46,500 | 224,266 | ||||||
China Everbright International Ltd. | 95,000 | 118,530 | ||||||
China Jinmao Holdings Group Ltd. | 638,000 | 263,162 | ||||||
China Mobile Ltd. | 579,000 | 6,144,938 | ||||||
China Overseas Land & Investment Ltd. | 220,000 | 643,955 | ||||||
China Power International Development Ltd. | 587,000 | 208,288 | ||||||
China Resources Power Holdings Co., Ltd. | 292,000 | 573,044 | ||||||
China South City Holdings Ltd. | 1,078,000 | 200,232 | ||||||
CITIC Ltd. | 696,000 | 1,046,704 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Investments | Shares | Value | ||||||
CITIC Telecom International Holdings Ltd. | 486,000 | $ | 155,641 | |||||
CNOOC Ltd. | 644,000 | 705,340 | ||||||
Fosun International Ltd. | 159,500 | 249,268 | ||||||
Guangdong Investment Ltd. | 232,000 | 319,777 | ||||||
Guotai Junan International Holdings Ltd. | 320,000 | 99,200 | ||||||
Lenovo Group Ltd. | 634,000 | 400,389 | ||||||
Shanghai Industrial Holdings Ltd. | 68,000 | 201,218 | ||||||
Shenzhen Investment Ltd. | 516,000 | 228,042 | ||||||
Sino-Ocean Group Holding Ltd. | 367,000 | 179,587 | ||||||
Sun Art Retail Group Ltd. | 238,500 | 190,031 | ||||||
|
| |||||||
Total China | 12,151,612 | |||||||
Denmark – 1.3% | ||||||||
AP Moller – Maersk A/S Class B | 259 | 520,082 | ||||||
Coloplast A/S Class B | 5,108 | 426,267 | ||||||
Danske Bank A/S | 24,185 | 928,994 | ||||||
DONG Energy A/S(b) | 9,148 | 412,437 | ||||||
DSV A/S | 1,915 | 117,506 | ||||||
GN Store Nord A/S | 4,469 | 130,324 | ||||||
ISS A/S | 9,865 | 386,955 | ||||||
Novo Nordisk A/S Class B | 16,614 | 710,558 | ||||||
Novozymes A/S Class B | 3,194 | 139,592 | ||||||
Pandora A/S | 2,230 | 207,818 | ||||||
Rockwool International A/S Class B | 638 | 140,249 | ||||||
Royal Unibrew A/S | 7,373 | 353,223 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 8,793 | 142,980 | ||||||
SimCorp A/S | 2,454 | 148,472 | ||||||
Sydbank A/S | 3,513 | 132,247 | ||||||
TDC A/S | 33,228 | 192,982 | ||||||
Tryg A/S | 27,255 | 595,372 | ||||||
Vestas Wind Systems A/S | 3,194 | 294,470 | ||||||
|
| |||||||
Total Denmark | 5,980,528 | |||||||
Finland – 1.5% | ||||||||
Elisa Oyj | 9,259 | 358,313 | ||||||
F-Secure Oyj | 35,040 | 166,654 | ||||||
Fortum Oyj | 65,735 | 1,029,394 | ||||||
Kesko Oyj Class B | 6,037 | 306,680 | ||||||
Kone Oyj Class B | 15,090 | 766,573 | ||||||
Metso Oyj | 8,083 | 279,891 | ||||||
Neste Oyj | 11,650 | 458,283 | ||||||
Nokia Oyj | 159,722 | 975,525 | ||||||
Nokian Renkaat Oyj | 6,383 | 263,832 | ||||||
Orion Oyj Class B | 4,267 | 272,050 | ||||||
Sampo Oyj Class A | 16,942 | 867,032 | ||||||
Tieto Oyj | 6,685 | 206,397 | ||||||
UPM-Kymmene Oyj | 20,021 | 569,960 | ||||||
|
| |||||||
Total Finland | 6,520,584 | |||||||
France – 10.9% | ||||||||
Accor S.A. | 4,901 | 229,435 | ||||||
Aeroports de Paris | 2,234 | 360,031 | ||||||
Air Liquide S.A. | 5,306 | 654,800 | ||||||
Airbus SE | 14,484 | 1,189,420 | ||||||
Amundi S.A.(b) | 4,798 | 346,674 | ||||||
Arkema S.A. | 1,525 | 162,506 | ||||||
AXA S.A. | 83,582 | 2,283,140 | ||||||
BioMerieux | 415 | 89,696 | ||||||
BNP Paribas S.A. | 36,425 | 2,619,798 | ||||||
Bouygues S.A. | 13,107 | 551,924 | ||||||
Capgemini SE | 2,552 | 263,359 | ||||||
Carrefour S.A. | 20,186 | 509,963 | ||||||
Casino Guichard Perrachon S.A. | 5,118 | 302,724 | ||||||
Christian Dior SE(a) | 3,095 | 883,736 | ||||||
Cie de Saint-Gobain | 14,685 | 783,517 | ||||||
Cie Generale des Etablissements Michelin | 4,736 | 628,751 | ||||||
CNP Assurances | 24,960 | 559,541 | ||||||
Credit Agricole S.A. | 105,986 | 1,702,628 | ||||||
Danone S.A. | 14,214 | 1,066,897 | ||||||
Dassault Systemes SE | 3,522 | 315,296 | ||||||
Edenred | 11,649 | 303,325 | ||||||
Electricite de France S.A. | 69,881 | 755,742 | ||||||
Elior Group(b) | 6,064 | 175,951 | ||||||
Engie S.A. | 148,085 | 2,231,992 | ||||||
Essilor International S.A. | 2,553 | 324,377 | ||||||
Eutelsat Communications S.A. | 16,217 | 413,577 | ||||||
Gaztransport Et Technigaz S.A. | 1,914 | 76,351 | ||||||
Havas S.A. | 33,395 | 350,644 | ||||||
Hermes International | 1,222 | 603,007 | ||||||
Iliad S.A. | 136 | 32,124 | ||||||
Imerys S.A. | 3,515 | 305,288 | ||||||
Ingenico Group S.A. | 646 | 58,568 | ||||||
Ipsen S.A. | 2,875 | 392,998 | ||||||
Kering | 2,539 | 863,544 | ||||||
Klepierre | 6,719 | 275,000 | ||||||
L’Oreal S.A. | 8,699 | 1,809,708 | ||||||
Legrand S.A. | 5,889 | 411,398 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 7,942 | 1,977,416 | ||||||
Metropole Television S.A. | 12,574 | 292,275 | ||||||
Natixis S.A. | 126,828 | 850,130 | ||||||
Neopost S.A. | 3,833 | 177,711 | ||||||
Nexity S.A.* | 2,929 | 169,973 | ||||||
Orange S.A. | 98,844 | 1,565,910 | ||||||
Pernod Ricard S.A. | 3,514 | 469,925 | ||||||
Publicis Groupe S.A. | 3,195 | 237,993 | ||||||
Rallye S.A. | 6,854 | 140,946 | ||||||
Remy Cointreau S.A. | 1,940 | 226,245 | ||||||
Renault S.A. | 8,689 | 785,386 | ||||||
Rexel S.A. | 7,250 | 118,453 | ||||||
Rubis SCA | 1,558 | 176,347 | ||||||
Safran S.A. | 8,944 | 818,535 | ||||||
Sanofi | 32,313 | 3,086,941 | ||||||
Schneider Electric SE* | 16,286 | 1,249,540 | ||||||
Societe BIC S.A. | 391 | 46,335 | ||||||
Societe Generale S.A. | 29,546 | 1,587,545 | ||||||
Sodexo S.A. | 2,875 | 371,192 | ||||||
Suez | 12,679 | 234,486 | ||||||
Teleperformance* | 1,915 | 244,953 | ||||||
Television Francaise 1 | 11,811 | 165,155 | ||||||
Thales S.A. | 4,471 | 480,567 |
See Notes to Financial Statements.
36 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Investments | Shares | Value | ||||||
TOTAL S.A. | 99,000 | $ | 4,887,502 | |||||
Unibail-Rodamco SE(a) | 1,914 | 481,682 | ||||||
Valeo S.A. | 3,943 | 265,289 | ||||||
Veolia Environnement S.A. | 14,594 | 307,936 | ||||||
Vicat S.A. | 2,606 | 183,300 | ||||||
Vinci S.A. | 17,933 | 1,528,489 | ||||||
Vivendi S.A. | 53,519 | 1,189,691 | ||||||
Zodiac Aerospace | 5,728 | 155,160 | ||||||
|
| |||||||
Total France | 49,360,438 | |||||||
Germany – 8.0% | ||||||||
adidas AG | 2,329 | 445,601 | ||||||
Allianz SE Registered Shares | 13,663 | 2,686,567 | ||||||
Axel Springer SE(a) | 4,788 | 287,246 | ||||||
BASF SE | 24,086 | 2,227,647 | ||||||
Bayer AG Registered Shares | 16,247 | 2,097,654 | ||||||
Bayerische Motoren Werke AG | 21,914 | 2,031,513 | ||||||
Bechtle AG | 1,915 | 245,717 | ||||||
Beiersdorf AG | 3,863 | 405,523 | ||||||
Brenntag AG | 3,833 | 221,559 | ||||||
Carl Zeiss Meditec AG Bearer Shares | 5,302 | 274,785 | ||||||
Comdirect Bank AG | 2,655 | 29,434 | ||||||
Continental AG | 2,817 | 607,083 | ||||||
Covestro AG(b) | 4,045 | 291,621 | ||||||
CTS Eventim AG & Co. KGaA | 5,745 | 253,711 | ||||||
Daimler AG Registered Shares | 42,671 | 3,084,117 | ||||||
Deutsche Bank AG Registered Shares | 15,704 | 278,071 | ||||||
Deutsche Boerse AG | 3,441 | 362,715 | ||||||
Deutsche Lufthansa AG Registered Shares | 13,956 | 317,156 | ||||||
Deutsche Post AG Registered Shares | 33,207 | 1,243,033 | ||||||
Deutsche Telekom AG Registered Shares | 149,579 | 2,681,869 | ||||||
Deutsche Wohnen AG Bearer Shares | 9,896 | 377,998 | ||||||
DMG MORI AG | 2,401 | 134,719 | ||||||
Drillisch AG | 2,298 | 138,231 | ||||||
Duerr AG | 263 | 31,211 | ||||||
Evonik Industries AG | 11,134 | 355,378 | ||||||
Fielmann AG | 2,361 | 181,874 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 3,194 | 281,597 | ||||||
Freenet AG | 12,332 | 392,772 | ||||||
GEA Group AG | 5,291 | 216,222 | ||||||
Gerresheimer AG | 958 | 76,955 | ||||||
Hamburger Hafen und Logistik AG | 4,133 | 90,130 | ||||||
Hannover Rueck SE | 1,607 | 192,359 | ||||||
Henkel AG & Co. KGaA | 4,788 | 578,315 | ||||||
Hochtief AG | 902 | 165,016 | ||||||
Hugo Boss AG | 3,126 | 218,557 | ||||||
Infineon Technologies AG | 3,187 | 67,192 | ||||||
Innogy SE(b) | 24,382 | 958,433 | ||||||
K+S AG Registered Shares(a) | 7,890 | 201,756 | ||||||
Krones AG | 1,501 | 173,593 | ||||||
LEG Immobilien AG | 2,552 | 239,578 | ||||||
Linde AG | 3,546 | 670,560 | ||||||
MAN SE | 1,193 | 127,727 | ||||||
Merck KGaA | 4,102 | 494,755 | ||||||
METRO AG | 10,534 | 355,090 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 6,871 | 1,383,573 | ||||||
OSRAM Licht AG | 3,194 | 254,093 | ||||||
ProSiebenSat.1 Media SE | 26 | 1,087 | ||||||
RHOEN-KLINIKUM AG | 10,766 | 313,978 | ||||||
SAP SE | 15,523 | 1,619,100 | ||||||
Siemens AG Registered Shares | 19,300 | 2,649,218 | ||||||
Software AG | 3,142 | 137,431 | ||||||
Suedzucker AG | 8,621 | 179,397 | ||||||
Talanx AG | 9,613 | 358,526 | ||||||
Telefonica Deutschland Holding AG | 153,783 | 767,012 | ||||||
TUI AG | 32,034 | 464,560 | ||||||
Uniper SE | 10,928 | 204,845 | ||||||
Volkswagen AG | 4,289 | 664,064 | ||||||
Wacker Chemie AG | 1,187 | 128,682 | ||||||
Wirecard AG(a) | 1,595 | 101,365 | ||||||
|
| |||||||
Total Germany | 36,019,571 | |||||||
Hong Kong – 2.6% | ||||||||
AIA Group Ltd. | 170,600 | 1,246,755 | ||||||
Bank of East Asia Ltd. (The) | 18,400 | 79,078 | ||||||
BOC Hong Kong Holdings Ltd. | 284,000 | 1,358,799 | ||||||
CLP Holdings Ltd. | 133,500 | 1,412,563 | ||||||
Dah Sing Banking Group Ltd. | 108,400 | 230,784 | ||||||
Hang Seng Bank Ltd. | 34,400 | 719,600 | ||||||
Hong Kong & China Gas Co., Ltd. | 371,730 | 699,037 | ||||||
Hong Kong Aircraft Engineering Co., Ltd. | 30,400 | 208,341 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 31,600 | 816,873 | ||||||
Hopewell Holdings Ltd. | 69,500 | 264,861 | ||||||
MTR Corp., Ltd. | 142,000 | 799,454 | ||||||
New World Development Co., Ltd. | 386,000 | 490,013 | ||||||
PCCW Ltd. | 586,000 | 333,294 | ||||||
Power Assets Holdings Ltd. | 29,000 | 256,141 | ||||||
Sino Land Co., Ltd. | 482,000 | 790,321 | ||||||
Sun Hung Kai Properties Ltd. | 63,000 | 925,658 | ||||||
Techtronic Industries Co., Ltd. | 53,500 | 246,034 | ||||||
Wharf Holdings Ltd. (The) | 82,000 | 679,617 | ||||||
|
| |||||||
Total Hong Kong | 11,557,223 | |||||||
Ireland – 0.2% | ||||||||
C&C Group PLC | 68,495 | 251,475 | ||||||
CRH PLC | 12,675 | 447,789 | ||||||
Greencore Group PLC | 26,476 | 84,602 | ||||||
Paddy Power Betfair PLC | 377 | 40,191 | ||||||
Smurfit Kappa Group PLC | 7,436 | 231,153 | ||||||
|
| |||||||
Total Ireland | 1,055,210 | |||||||
Israel – 0.7% | ||||||||
B Communications Ltd. | 9,620 | 166,779 | ||||||
Bank Hapoalim BM | 33,124 | 223,440 | ||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 263,823 | 438,105 | ||||||
First International Bank of Israel Ltd. | 6,703 | 121,510 | ||||||
Frutarom Industries Ltd. | 1,595 | 111,568 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 45,339 | 268,550 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Investments | Shares | Value | ||||||
Israel Chemicals Ltd. | 70,110 | $ | 330,892 | |||||
Mizrahi Tefahot Bank Ltd. | 12,535 | 228,092 | ||||||
Nice Ltd. | 1,277 | 102,388 | ||||||
Teva Pharmaceutical Industries Ltd. | 30,000 | 992,062 | ||||||
|
| |||||||
Total Israel | 2,983,386 | |||||||
Italy – 3.4% | ||||||||
A2A SpA | 159,456 | 264,435 | ||||||
ACEA SpA | 15,365 | 232,551 | ||||||
Anima Holding SpA(b) | 11,936 | 85,425 | ||||||
Ascopiave SpA | 37,676 | 149,540 | ||||||
Assicurazioni Generali SpA | 57,699 | 948,302 | ||||||
Atlantia SpA | 25,547 | 717,951 | ||||||
Banca Mediolanum SpA | 7,813 | 64,739 | ||||||
BPER Banca | 15,391 | 76,642 | ||||||
Cementir Holding SpA | 8,961 | 53,351 | ||||||
Davide Campari-Milano SpA | 3,284 | 23,110 | ||||||
De’ Longhi SpA | 2,552 | 79,869 | ||||||
DiaSorin SpA | 3,513 | 269,454 | ||||||
Ei Towers SpA | 4,117 | 237,834 | ||||||
Enav SpA(b) | 70,692 | 303,805 | ||||||
Enel SpA | 453,783 | 2,429,437 | ||||||
Eni SpA | 120,956 | 1,815,506 | ||||||
FinecoBank Banca Fineco SpA | 20,121 | 158,119 | ||||||
Hera SpA | 78,014 | 238,108 | ||||||
Infrastrutture Wireless Italiane SpA(b) | 47,918 | 271,843 | ||||||
Intesa Sanpaolo SpA | 774,421 | 2,451,946 | ||||||
Iren SpA | 146,365 | 338,548 | ||||||
Luxottica Group SpA | 7,400 | 427,490 | ||||||
Parmalat SpA | 110,828 | 383,007 | ||||||
Poste Italiane SpA(b) | 26,212 | 179,227 | ||||||
Recordati SpA | 8,977 | 363,679 | ||||||
Saras SpA | 56,242 | 130,731 | ||||||
Snam SpA | 202,349 | 880,691 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 24,531 | 270,136 | ||||||
Telecom Italia SpA RSP | 125,022 | 91,973 | ||||||
Terna Rete Elettrica Nazionale SpA | 132,929 | 716,519 | ||||||
Unione di Banche Italiane SpA | 54,379 | 233,575 | ||||||
UnipolSai Assicurazioni SpA | 167,064 | 364,131 | ||||||
|
| |||||||
Total Italy | 15,251,674 | |||||||
Japan – 17.8% | ||||||||
AIT Corp. | 24,700 | 228,622 | ||||||
Alpen Co., Ltd.(a) | 13,500 | 240,659 | ||||||
Amada Holdings Co., Ltd. | 63,600 | 734,717 | ||||||
Astellas Pharma, Inc. | 69,000 | 844,077 | ||||||
Bank of Kyoto Ltd. (The) | 26,000 | 245,283 | ||||||
Benesse Holdings, Inc. | 9,400 | 354,717 | ||||||
Bridgestone Corp. | 24,000 | 1,033,820 | ||||||
Canon, Inc. | 68,300 | 2,319,623 | ||||||
Chiba Bank Ltd. (The) | 34,000 | 246,315 | ||||||
Dai-ichi Life Holdings, Inc. | 31,900 | 575,341 | ||||||
Daicel Corp. | 31,900 | 396,621 | ||||||
Daido Steel Co., Ltd. | 40,000 | 230,331 | ||||||
Daiichi Sankyo Co., Ltd. | 22,900 | 539,483 | ||||||
Daito Trust Construction Co., Ltd. | 2,700 | 420,403 | ||||||
Daiwa House Industry Co., Ltd. | 11,700 | 399,649 | ||||||
Daiwa Securities Group, Inc. | 177,000 | 1,048,831 | ||||||
Denso Corp. | 18,700 | 789,208 | ||||||
Eagle Industry Co., Ltd. | 22,100 | 372,726 | ||||||
Eisai Co., Ltd. | 7,700 | 425,227 | ||||||
FANUC Corp. | 2,600 | 501,095 | ||||||
Fast Retailing Co., Ltd. | 1,200 | 399,644 | ||||||
Fujitsu Ltd. | 43,000 | 316,798 | ||||||
Fukuoka Financial Group, Inc. | 32,000 | 152,083 | ||||||
Gfoot Co., Ltd. | 22,100 | 160,695 | ||||||
Goldcrest Co., Ltd. | 5,300 | 117,170 | ||||||
Gunma Bank Ltd. (The) | 68,600 | 411,502 | ||||||
Hachijuni Bank Ltd. (The) | 70,300 | 446,101 | ||||||
Hiday Hidaka Corp. | 11,300 | 281,193 | ||||||
Hitachi Chemical Co., Ltd. | 27,500 | 819,909 | ||||||
Hitachi Ltd. | 195,000 | 1,196,449 | ||||||
Hitachi Metals Ltd. | 22,000 | 305,838 | ||||||
Hokuhoku Financial Group, Inc. | 22,200 | 353,864 | ||||||
Honda Motor Co., Ltd. | 58,500 | 1,595,265 | ||||||
Hulic Co., Ltd. | 31,900 | 325,643 | ||||||
Idemitsu Kosan Co., Ltd. | 8,000 | 227,127 | ||||||
Isetan Mitsukoshi Holdings Ltd. | 32,700 | 327,698 | ||||||
Isuzu Motors Ltd. | 38,000 | 468,743 | ||||||
ITOCHU Corp. | 63,900 | 949,173 | ||||||
Iyo Bank Ltd. (The) | 32,100 | 265,691 | ||||||
J. Front Retailing Co., Ltd. | 33,100 | 507,871 | ||||||
Japan Airlines Co., Ltd. | 10,100 | 312,277 | ||||||
Japan Asia Group Ltd. | 60,500 | 229,379 | ||||||
Japan Post Holdings Co., Ltd. | 130,100 | 1,614,092 | ||||||
Japan Post Insurance Co., Ltd. | 21,900 | 482,985 | ||||||
Japan Tobacco, Inc. | 28,100 | 987,101 | ||||||
JSR Corp. | 31,900 | 549,931 | ||||||
JXTG Holdings, Inc. | 97,300 | 424,930 | ||||||
Kawasaki Heavy Industries Ltd. | 128,000 | 378,213 | ||||||
KDDI Corp. | 70,000 | 1,853,418 | ||||||
Keihanshin Building Co., Ltd. | 51,000 | 317,275 | ||||||
Keiyo Co., Ltd. | 105,800 | 735,402 | ||||||
KFC Holdings Japan Ltd. | 7,700 | 136,648 | ||||||
Komatsu Ltd. | 42,000 | 1,067,008 | ||||||
Konica Minolta, Inc. | 18,200 | 150,965 | ||||||
Kubota Corp. | 20,900 | 351,092 | ||||||
Kuraray Co., Ltd. | 32,000 | 580,420 | ||||||
Lawson, Inc. | 4,700 | 328,782 | ||||||
LIXIL Group Corp. | 10,100 | 252,500 | ||||||
Marubeni Corp. | 80,100 | 517,413 | ||||||
Mazda Motor Corp. | 12,000 | 167,462 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 7,400 | 283,855 | ||||||
MINEBEA MITSUMI, Inc. | 23,100 | 371,088 | ||||||
Mitsubishi Chemical Holdings Corp. | 95,500 | 790,535 | ||||||
Mitsubishi Corp. | 63,800 | 1,337,779 | ||||||
Mitsubishi Electric Corp. | 34,200 | 491,724 | ||||||
Mitsubishi Heavy Industries Ltd. | 180,000 | 736,597 | ||||||
Mitsubishi Materials Corp. | 8,900 | 269,313 |
See Notes to Financial Statements.
38 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Investments | Shares | Value | ||||||
Mitsubishi Motors Corp. | 31,100 | $ | 204,824 | |||||
Mitsubishi Tanabe Pharma Corp. | 17,600 | 406,636 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 335,800 | 2,255,801 | ||||||
Mitsui & Co., Ltd. | 95,800 | 1,368,876 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 67,000 | 261,775 | ||||||
Mizuho Financial Group, Inc. | 989,600 | 1,809,041 | ||||||
Modec, Inc. | 7,500 | 166,874 | ||||||
MOS Food Services, Inc. | 8,900 | 273,669 | ||||||
MS&AD Insurance Group Holdings, Inc. | 26,800 | 900,171 | ||||||
Murata Manufacturing Co., Ltd. | 2,600 | 394,998 | ||||||
Nachi-Fujikoshi Corp. | 68,000 | 385,511 | ||||||
Nagaileben Co., Ltd. | 3,100 | 72,010 | ||||||
Nakanishi, Inc. | 4,600 | 186,481 | ||||||
NGK Spark Plug Co., Ltd. | 20,200 | 429,493 | ||||||
Nintendo Co., Ltd. | 1,500 | 503,026 | ||||||
Nippon Telegraph & Telephone Corp. | 55,500 | 2,622,864 | ||||||
Nissan Motor Co., Ltd. | 159,800 | 1,590,036 | ||||||
NOK Corp. | 9,400 | 198,608 | ||||||
Nomura Holdings, Inc. | 80,200 | 480,658 | ||||||
Nomura Real Estate Holdings, Inc. | 20,200 | 396,234 | ||||||
NTN Corp. | 78,000 | 359,594 | ||||||
NTT DOCOMO, Inc. | 108,800 | 2,567,974 | ||||||
Oji Holdings Corp. | 61,000 | 314,881 | ||||||
Ono Pharmaceutical Co., Ltd. | 10,800 | 235,589 | ||||||
Otsuka Holdings Co., Ltd. | 10,700 | 456,150 | ||||||
Panasonic Corp. | 71,500 | 969,794 | ||||||
Raysum Co., Ltd. | 10,100 | 85,215 | ||||||
Resona Holdings, Inc. | 100,400 | 552,665 | ||||||
Ricoh Co., Ltd. | 22,400 | 197,764 | ||||||
SAMTY Co., Ltd.(a) | 23,500 | 256,208 | ||||||
Sega Sammy Holdings, Inc. | 32,000 | 430,616 | ||||||
Seiko Epson Corp. | 31,800 | 707,264 | ||||||
Seiko Holdings Corp. | 30,000 | 122,553 | ||||||
Sekisui House Ltd. | 14,800 | 260,739 | ||||||
Seven & I Holdings Co., Ltd. | 16,000 | 659,025 | ||||||
Shin-Etsu Chemical Co., Ltd. | 15,500 | 1,405,015 | ||||||
SoftBank Group Corp. | 6,800 | 550,548 | ||||||
Sojitz Corp. | 159,500 | 391,794 | ||||||
Sompo Holdings, Inc. | 19,000 | 733,722 | ||||||
Sony Financial Holdings, Inc. | 22,600 | 384,980 | ||||||
Sparx Group Co., Ltd. | 164,900 | 317,002 | ||||||
Subaru Corp. | 30,000 | 1,010,858 | ||||||
Sumco Corp. | 18,200 | 263,540 | ||||||
Sumitomo Corp. | 52,200 | 679,213 | ||||||
Sumitomo Metal Mining Co., Ltd. | 35,000 | 467,404 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 47,200 | 1,839,523 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 13,800 | 493,612 | ||||||
Sumitomo Rubber Industries Ltd. | 23,100 | 389,797 | ||||||
Suzuki Motor Corp. | 9,100 | 431,675 | ||||||
T&D Holdings, Inc. | 32,000 | 486,864 | ||||||
Takeda Pharmaceutical Co., Ltd. | 27,600 | 1,402,353 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 92,100 | 510,665 | ||||||
Tokio Marine Holdings, Inc. | 28,800 | 1,192,140 | ||||||
Tokyo Electron Ltd. | 4,400 | 593,663 | ||||||
Tokyu Fudosan Holdings Corp. | 28,900 | 170,787 | ||||||
Toyo Tire & Rubber Co., Ltd.(a) | 5,900 | 120,195 | ||||||
Toyota Motor Corp. | 100,074 | 5,248,630 | ||||||
Unizo Holdings Co., Ltd. | 1,400 | 38,813 | ||||||
Yahoo Japan Corp. | 87,700 | 381,678 | ||||||
Yamaha Corp. | 8,500 | 293,521 | ||||||
Yokohama Rubber Co., Ltd. (The) | 8,600 | 172,597 | ||||||
|
| |||||||
Total Japan | 80,347,595 | |||||||
Netherlands – 2.0% | ||||||||
Aalberts Industries N.V. | 2,234 | 88,823 | ||||||
ABN AMRO Group N.V. CVA(b) | 24,184 | 640,203 | ||||||
Aegon N.V. | 34,281 | 174,812 | ||||||
Akzo Nobel N.V. | 4,878 | 423,334 | ||||||
Arcadis N.V. | 5,163 | 93,188 | ||||||
ASM International N.V. | 4,327 | 251,644 | ||||||
ASML Holding N.V. | 3,236 | 421,123 | ||||||
BE Semiconductor Industries N.V. | 1,316 | 70,170 | ||||||
BinckBank N.V. | 22,256 | 112,451 | ||||||
Brunel International N.V. | 1,988 | 27,776 | ||||||
Corbion N.V. | 4,469 | 142,719 | ||||||
Euronext N.V.(b) | 1,265 | 65,575 | ||||||
Gemalto N.V. | 1,277 | 76,538 | ||||||
Heineken N.V. | 8,933 | 867,350 | ||||||
IMCD Group N.V. | 2,875 | 155,609 | ||||||
ING Groep N.V. | 120,818 | 2,080,764 | ||||||
Koninklijke Ahold Delhaize N.V. | 24,475 | 467,296 | ||||||
Koninklijke DSM N.V. | 3,731 | 270,813 | ||||||
Koninklijke KPN N.V. | 30,387 | 97,077 | ||||||
Koninklijke Philips N.V. | 25,661 | 910,078 | ||||||
Koninklijke Vopak N.V. | 5,608 | 259,686 | ||||||
NN Group N.V. | 16,334 | 579,758 | ||||||
Randstad Holding N.V. | 4,482 | 261,323 | ||||||
Steinhoff International Holdings N.V. | 5,775 | 29,370 | ||||||
Wessanen | 8,501 | 143,886 | ||||||
Wolters Kluwer N.V. | 8,670 | 366,520 | ||||||
|
| |||||||
Total Netherlands | 9,077,886 | |||||||
New Zealand – 0.6% | ||||||||
Air New Zealand Ltd. | 134,838 | 321,855 | ||||||
Contact Energy Ltd. | 64,125 | 244,622 | ||||||
EBOS Group Ltd. | 11,418 | 146,305 | ||||||
Freightways Ltd. | 48,134 | 269,967 | ||||||
Genesis Energy Ltd. | 162,681 | 289,449 | ||||||
Kiwi Property Group Ltd. | 173,765 | 179,395 | ||||||
Mainfreight Ltd. | 7,660 | 131,803 | ||||||
Mercury NZ Ltd. | 77,737 | 188,971 | ||||||
Metlifecare Ltd. | 53,335 | 209,709 | ||||||
Port of Tauranga Ltd. | 95,843 | 312,284 | ||||||
SKY Network Television Ltd. | 49,390 | 124,764 | ||||||
Trustpower Ltd. | 41,551 | 165,200 | ||||||
Z Energy Ltd. | 29,858 | 172,710 | ||||||
|
| |||||||
Total New Zealand | 2,757,034 | |||||||
Norway – 1.6% | ||||||||
Aker ASA Class A | 5,512 | 180,297 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Investments | Shares | Value | ||||||
Aker BP ASA | 20,934 | $ | 308,638 | |||||
American Shipping Co. ASA* | 21,657 | 64,377 | ||||||
Austevoll Seafood ASA | 30,016 | 254,414 | ||||||
DNB ASA | 25,244 | 427,933 | ||||||
Entra ASA(b) | 14,979 | 185,971 | ||||||
Gjensidige Forsikring ASA | 15,404 | 262,046 | ||||||
Kongsberg Gruppen ASA | 9,262 | 147,057 | ||||||
Leroy Seafood Group ASA | 51,070 | 276,486 | ||||||
Marine Harvest ASA* | 33,836 | 577,219 | ||||||
Norsk Hydro ASA | 76,686 | 423,681 | ||||||
Ocean Yield ASA | 23,412 | 182,368 | ||||||
Orkla ASA | 44,384 | 449,581 | ||||||
Protector Forsikring ASA | 17,882 | 149,432 | ||||||
Salmar ASA | 5,980 | 147,846 | ||||||
SpareBank 1 SMN | 26,774 | 229,332 | ||||||
SpareBank 1 SR-Bank ASA | 26,765 | 228,456 | ||||||
Statoil ASA | 92,278 | 1,524,628 | ||||||
Telenor ASA | 44,090 | 728,987 | ||||||
TGS Nopec Geophysical Co. ASA | 2,554 | 52,168 | ||||||
Weifa ASA | 14,294 | 48,633 | ||||||
Yara International ASA | 5,912 | 221,330 | ||||||
|
| |||||||
Total Norway | 7,070,880 | |||||||
Portugal – 0.4% | ||||||||
CTT – Correios de Portugal S.A. | 6,242 | 39,462 | ||||||
EDP – Energias de Portugal S.A. | 183,723 | 599,928 | ||||||
Galp Energia, SGPS, S.A. | 32,195 | 486,724 | ||||||
Jeronimo Martins, SGPS, S.A. | 15,004 | 292,458 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 57,545 | 179,900 | ||||||
Semapa-Sociedade de Investimento e Gestao | 12,425 | 240,558 | ||||||
|
| |||||||
Total Portugal | 1,839,030 | |||||||
Singapore – 1.9% | ||||||||
Asian Pay Television Trust | 307,300 | 127,219 | ||||||
CapitaLand Ltd. | 223,500 | 568,145 | ||||||
City Developments Ltd. | 31,700 | 247,043 | ||||||
ComfortDelGro Corp., Ltd. | 95,700 | 159,865 | ||||||
CWT Ltd. | 95,700 | 154,999 | ||||||
DBS Group Holdings Ltd. | 63,800 | 961,043 | ||||||
Frasers Centrepoint Ltd. | 256,000 | 349,551 | ||||||
Hutchison Port Holdings Trust | 1,117,200 | 480,396 | ||||||
Keppel Corp., Ltd. | 83,300 | 380,548 | ||||||
M1 Ltd. | 63,800 | 101,016 | ||||||
Olam International Ltd. | 127,600 | 180,717 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 86,800 | 680,228 | ||||||
RHT Health Trust | 134,100 | 87,170 | ||||||
Sembcorp Industries Ltd. | 95,700 | 214,080 | ||||||
Sembcorp Marine Ltd. | 54,400 | 64,995 | ||||||
SIA Engineering Co., Ltd. | 113,600 | 336,629 | ||||||
Singapore Technologies Engineering Ltd. | 126,300 | 337,570 | ||||||
Singapore Telecommunications Ltd. | 661,100 | 1,867,799 | ||||||
StarHub Ltd. | 99,500 | 196,564 | ||||||
United Engineers Ltd. | 63,900 | 127,164 | ||||||
United Overseas Bank Ltd. | 53,528 | 898,840 | ||||||
|
| |||||||
Total Singapore | 8,521,581 | |||||||
Spain – 4.3% | ||||||||
Abertis Infraestructuras S.A. | 29,103 | 538,397 | ||||||
Amadeus IT Group S.A. | 9,463 | 565,015 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 8,234 | 96,167 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 229,507 | 1,901,717 | ||||||
Banco de Sabadell S.A. | 83,371 | 169,163 | ||||||
Banco Santander S.A. | 376,000 | 2,483,881 | ||||||
Bankia S.A. | 93,635 | 451,958 | ||||||
Bankinter S.A. | 16,319 | 150,111 | ||||||
CaixaBank S.A. | 176,853 | 843,146 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 8,302 | 217,973 | ||||||
Distribuidora Internacional de Alimentacion S.A.(a) | 22,352 | 138,965 | ||||||
Ebro Foods S.A. | 9,978 | 227,608 | ||||||
Enagas S.A. | 10,216 | 286,053 | ||||||
Endesa S.A.(a) | 54,806 | 1,260,806 | ||||||
Ferrovial S.A. | 29,702 | 658,392 | ||||||
Gas Natural SDG S.A. | 41,839 | 977,772 | ||||||
Grupo Catalana Occidente S.A. | 522 | 21,927 | ||||||
Iberdrola S.A. | 207,948 | 1,644,335 | ||||||
Industria de Diseno Textil S.A. | 46,642 | 1,787,969 | ||||||
Mapfre S.A. | 113,980 | 397,540 | ||||||
Mediaset Espana Comunicacion S.A. | 14,685 | 182,480 | ||||||
Obrascon Huarte Lain S.A.(a) | 15,214 | 54,469 | ||||||
Red Electrica Corp. S.A.(a) | 15,328 | 319,840 | ||||||
Repsol S.A. | 75,805 | 1,158,556 | ||||||
Tecnicas Reunidas S.A. | 2,233 | 86,249 | ||||||
Telefonica S.A. | 261,522 | 2,695,845 | ||||||
Viscofan S.A. | 3,513 | 207,550 | ||||||
Zardoya Otis S.A. | 5,703 | 58,931 | ||||||
|
| |||||||
Total Spain | 19,582,815 | |||||||
Sweden – 3.1% | ||||||||
AAK AB | 3,513 | 256,148 | ||||||
AF AB Class B | 9,258 | 191,097 | ||||||
Assa Abloy AB Class B | 13,006 | 285,423 | ||||||
Atlas Copco AB Class A | 19,760 | 756,707 | ||||||
Atrium Ljungberg AB Class B | 19,123 | 318,545 | ||||||
Avanza Bank Holding AB | 1,257 | 54,828 | ||||||
Axfood AB | 11,811 | 196,884 | ||||||
Com Hem Holding AB | 19,306 | 267,804 | ||||||
Electrolux AB Series B | 6,383 | 208,944 | ||||||
Fabege AB | 16,280 | 312,685 | ||||||
Hennes & Mauritz AB Class B | 37,513 | 933,539 | ||||||
Hexpol AB | 2,398 | 26,142 | ||||||
Husqvarna AB Class B | 11,396 | 113,088 | ||||||
ICA Gruppen AB | 9,511 | 353,623 | ||||||
Indutrade AB | 3,297 | 75,442 | ||||||
Investment AB Latour Class B | 2,724 | 34,104 | ||||||
Kinnevik AB Class B | 7,140 | 218,317 | ||||||
Lifco AB Class B | 3,133 | 100,588 | ||||||
Loomis AB Class B | 3,514 | 125,819 | ||||||
NetEnt AB* | 2,968 | 25,916 | ||||||
Nordea Bank AB | 177,588 | 2,257,078 | ||||||
Sandvik AB | 31,251 | 490,928 |
See Notes to Financial Statements.
40 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Investments | Shares | Value | ||||||
Securitas AB Class B | 14,047 | $ | 236,488 | |||||
Skandinaviska Enskilda Banken AB Class A | 78,627 | 949,913 | ||||||
Skanska AB Class B | 8,065 | 191,142 | ||||||
SKF AB Class B | 10,082 | 204,041 | ||||||
Svenska Cellulosa AB SCA Class B | 15,323 | 115,814 | ||||||
Svenska Handelsbanken AB Class A | 45,978 | 657,409 | ||||||
Swedbank AB Class A | 53,347 | 1,298,485 | ||||||
Swedish Match AB | 7,331 | 257,881 | ||||||
Tele2 AB Class B | 16,978 | 177,539 | ||||||
Telefonaktiebolaget LM Ericsson Class B | 70,126 | 500,927 | ||||||
Telia Co. AB | 30,753 | 141,431 | ||||||
Thule Group AB(b) | 7,983 | 149,636 | ||||||
Trelleborg AB Class B | 13,472 | 307,149 | ||||||
Volvo AB Class B | 45,341 | 771,940 | ||||||
Wallenstam AB Class B | 32,888 | 316,420 | ||||||
|
| |||||||
Total Sweden | 13,879,864 | |||||||
Switzerland – 8.0% | ||||||||
ABB Ltd. Registered Shares | 41,788 | 1,033,300 | ||||||
Adecco Group AG Registered Shares | 2,071 | 157,653 | ||||||
Baloise Holding AG Registered Shares | 1,595 | 246,832 | ||||||
BKW AG | 3,589 | 210,996 | ||||||
Cie Financiere Richemont S.A. Registered Shares | 10,037 | 827,988 | ||||||
Clariant AG Registered Shares* | 4,152 | 91,568 | ||||||
Coca-Cola HBC AG* | 10,216 | 299,638 | ||||||
Credit Suisse Group AG Registered Shares* | 78,421 | 1,134,982 | ||||||
DKSH Holding AG | 3,194 | 259,649 | ||||||
EMS-Chemie Holding AG Registered Shares | 581 | 428,932 | ||||||
GAM Holding AG* | 2,844 | 38,162 | ||||||
Geberit AG Registered Shares | 958 | 447,363 | ||||||
Givaudan S.A. Registered Shares | 319 | 638,899 | ||||||
Julius Baer Group Ltd.* | 3,997 | 210,566 | ||||||
Kuehne + Nagel International AG Registered Shares | 6,702 | 1,119,741 | ||||||
LafargeHolcim Ltd. Registered Shares* | 18,121 | 1,038,838 | ||||||
Logitech International S.A. Registered Shares | 6,901 | 254,018 | ||||||
Lonza Group AG Registered Shares* | 1,919 | 415,401 | ||||||
Mobilezone Holding AG Registered Shares | 21,418 | 315,349 | ||||||
Nestle S.A. Registered Shares | 75,530 | 6,581,714 | ||||||
Novartis AG Registered Shares | 78,626 | 6,551,825 | ||||||
Partners Group Holding AG | 413 | 256,387 | ||||||
Roche Holding AG Bearer Shares | 6,975 | 1,799,013 | ||||||
Roche Holding AG Genusschein | 17,609 | 4,490,281 | ||||||
SGS S.A. Registered Shares | 319 | 773,475 | ||||||
Sonova Holding AG Registered Shares | 1,596 | 259,486 | ||||||
STMicroelectronics N.V. | 15,895 | 228,063 | ||||||
Straumann Holding AG Registered Shares | 639 | 363,990 | ||||||
Sulzer AG Registered Shares | 1,914 | 217,252 | ||||||
Sunrise Communications Group AG*(b) | 3,080 | 242,341 | ||||||
Swatch Group AG (The) Bearer Shares | 908 | 335,742 | ||||||
Swiss Life Holding AG Registered Shares* | 957 | 323,380 | ||||||
Swiss Re AG | 3,274 | 299,657 | ||||||
Swisscom AG Registered Shares | 957 | 462,386 | ||||||
UBS Group AG Registered Shares* | 80,435 | 1,364,031 | ||||||
Vifor Pharma AG | 1,197 | 132,118 | ||||||
Vontobel Holding AG Registered Shares | 2,236 | 145,463 | ||||||
Zurich Insurance Group AG | 6,349 | 1,850,369 | ||||||
|
| |||||||
Total Switzerland | 35,846,848 | |||||||
United Arab Emirates – 0.0% | ||||||||
Gulf Marine Services PLC | 92,761 | 66,271 | ||||||
United Kingdom – 18.9% | ||||||||
Abcam PLC | 2,625 | 33,194 | ||||||
Aberdeen Asset Management PLC | 11,899 | 46,678 | ||||||
Admiral Group PLC | 7,982 | 207,675 | ||||||
Aggreko PLC | 9,896 | 118,325 | ||||||
Ashmore Group PLC | 8,766 | 40,217 | ||||||
Associated British Foods PLC | 10,164 | 387,626 | ||||||
AstraZeneca PLC | 42,483 | 2,833,661 | ||||||
Aviva PLC | 82,484 | 563,570 | ||||||
Babcock International Group PLC | 13,090 | 149,714 | ||||||
BAE Systems PLC | 97,954 | 806,048 | ||||||
Barclays PLC | 299,192 | 787,958 | ||||||
Barratt Developments PLC | 54,961 | 402,291 | ||||||
BBA Aviation PLC | 51,101 | 204,045 | ||||||
Bellway PLC | 6,991 | 270,158 | ||||||
Berkeley Group Holdings PLC | 7,659 | 321,043 | ||||||
BHP Billiton PLC | 70,074 | 1,070,425 | ||||||
Big Yellow Group PLC | 20,748 | 213,449 | ||||||
Bodycote PLC | 6,366 | 62,308 | ||||||
Booker Group PLC | 64,560 | 156,148 | ||||||
BP PLC | 1,139,629 | 6,554,858 | ||||||
Brewin Dolphin Holdings PLC | 23,952 | 106,622 | ||||||
British American Tobacco PLC | 53,427 | 3,632,342 | ||||||
British Land Co. PLC (The) | 32,887 | 258,661 | ||||||
Britvic PLC | 20,822 | 187,163 | ||||||
BT Group PLC | 262,849 | 1,006,358 | ||||||
Capita PLC | 41,385 | 371,730 | ||||||
Carnival PLC | 5,107 | 336,994 | ||||||
Centrica PLC | 346,166 | 900,203 | ||||||
Close Brothers Group PLC | 4,150 | 81,345 | ||||||
CNH Industrial N.V. | 33,848 | 382,772 | ||||||
Compass Group PLC | 38,864 | 817,823 | ||||||
Cranswick PLC | 4,789 | 174,428 | ||||||
Croda International PLC | 3,435 | 173,344 | ||||||
Debenhams PLC | 212,285 | 119,261 | ||||||
Dechra Pharmaceuticals PLC | 11,741 | 259,266 | ||||||
Derwent London PLC | 3,833 | 132,139 | ||||||
Diageo PLC | 67,852 | 1,999,372 | ||||||
Direct Line Insurance Group PLC | 42,465 | 196,038 | ||||||
Dixons Carphone PLC | 56,281 | 207,329 | ||||||
Domino’s Pizza Group PLC | 31,614 | 120,690 | ||||||
Drax Group PLC | 5,746 | 24,309 | ||||||
DS Smith PLC | 35,444 | 218,045 | ||||||
Dunelm Group PLC | 12,088 | 94,446 | ||||||
easyJet PLC | 21,049 | 371,572 | ||||||
Electrocomponents PLC | 21,848 | 163,749 | ||||||
EMIS Group PLC | 16,098 | 192,690 | ||||||
esure Group PLC | 6,820 | 26,727 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 41 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Investments | Shares | Value | ||||||
Foxtons Group PLC | 29,378 | $ | 36,157 | |||||
Fresnillo PLC | 10,675 | 206,053 | ||||||
G4S PLC | 58,436 | 247,755 | ||||||
Galliford Try PLC | 11,532 | 173,912 | ||||||
GlaxoSmithKline PLC | 209,929 | 4,459,798 | ||||||
Greggs PLC | 6,702 | 94,020 | ||||||
Halfords Group PLC | 8,065 | 35,828 | ||||||
Halma PLC | 8,318 | 118,851 | ||||||
Hammerson PLC | 30,974 | 231,142 | ||||||
Hargreaves Lansdown PLC | 3,520 | 59,531 | ||||||
Hays PLC | 79,933 | 172,356 | ||||||
Hikma Pharmaceuticals PLC | 890 | 16,994 | ||||||
HomeServe PLC | 28,861 | 275,731 | ||||||
Howden Joinery Group PLC | 22,352 | 118,198 | ||||||
HSBC Holdings PLC | 765,735 | 7,078,931 | ||||||
IMI PLC | 4,679 | 72,630 | ||||||
Imperial Brands PLC | 38,140 | 1,708,453 | ||||||
Inchcape PLC | 15,641 | 153,291 | ||||||
Informa PLC | 37,940 | 329,697 | ||||||
Inmarsat PLC | 24,394 | 243,828 | ||||||
International Consolidated Airlines Group S.A. | 69,235 | 548,735 | ||||||
Intertek Group PLC | 4,788 | 262,271 | ||||||
Intu Properties PLC(a) | 66,796 | 233,484 | ||||||
ITV PLC | 194,703 | 458,777 | ||||||
J Sainsbury PLC | 67,780 | 221,604 | ||||||
Jardine Lloyd Thompson Group PLC | 11,692 | 182,248 | ||||||
John Wood Group PLC | 4,407 | 36,665 | ||||||
Johnson Matthey PLC | 4,152 | 154,840 | ||||||
Kcom Group PLC | 204,404 | 236,304 | ||||||
Ladbrokes Coral Group PLC | 91,111 | 135,509 | ||||||
Land Securities Group PLC | 21,389 | 281,444 | ||||||
Legal & General Group PLC | 58,146 | 195,091 | ||||||
Lloyds Banking Group PLC | 1,079,102 | 927,224 | ||||||
London Stock Exchange Group PLC | 1,915 | 90,694 | ||||||
Low & Bonar PLC | 50,024 | 55,232 | ||||||
LSL Property Services PLC | 18,577 | 53,148 | ||||||
Marks & Spencer Group PLC | 88,943 | 385,070 | ||||||
Mediclinic International PLC | 4,790 | 46,136 | ||||||
Meggitt PLC | 28,100 | 174,071 | ||||||
Melrose Industries PLC | 6,383 | 20,106 | ||||||
Micro Focus International PLC | 5,108 | 150,682 | ||||||
Mondi PLC | 10,535 | 275,604 | ||||||
Moneysupermarket.com Group PLC | 36,401 | 167,240 | ||||||
Morgan Advanced Materials PLC | 55,134 | 203,175 | ||||||
N Brown Group PLC | 31,841 | 128,216 | ||||||
National Grid PLC | 132,212 | 1,634,590 | ||||||
NEX Group PLC | 22,595 | 183,289 | ||||||
Old Mutual PLC | 54,023 | 135,715 | ||||||
Pagegroup PLC | 30,655 | 189,460 | ||||||
Pearson PLC | 56,587 | 508,278 | ||||||
Pennon Group PLC | �� | 15,641 | 167,716 | |||||
Persimmon PLC | 12,767 | 371,806 | ||||||
Pets at Home Group PLC(a) | 82,566 | 172,778 | ||||||
Prudential PLC | 35,112 | 803,169 | ||||||
PZ Cussons PLC | 22,344 | 99,319 | ||||||
QinetiQ Group PLC | 19,337 | 67,868 | ||||||
Reckitt Benckiser Group PLC | 15,707 | 1,588,138 | ||||||
Redde PLC | 42,466 | 89,361 | ||||||
RELX N.V. | 26,504 | 544,124 | ||||||
RELX PLC | 34,489 | 743,671 | ||||||
Renishaw PLC | 1,318 | 61,975 | ||||||
Restaurant Group PLC (The) | 17,876 | 76,046 | ||||||
Rightmove PLC | 2,875 | 158,715 | ||||||
Rio Tinto PLC | 47,216 | 1,988,357 | ||||||
Rolls-Royce Holdings PLC* | 29,230 | 338,297 | ||||||
Rotork PLC | 40,550 | 123,991 | ||||||
Royal Dutch Shell PLC Class A | 216,423 | 5,720,843 | ||||||
Royal Dutch Shell PLC Class B | 265,800 | 7,121,002 | ||||||
Royal Mail PLC | 92,313 | 505,061 | ||||||
Saga PLC | 10,248 | 27,875 | ||||||
Sage Group PLC (The) | 30,654 | 273,948 | ||||||
Savills PLC | 13,728 | 156,654 | ||||||
Segro PLC | 52,377 | 332,828 | ||||||
Severn Trent PLC | 11,172 | 316,649 | ||||||
Smith & Nephew PLC | 18,517 | 318,698 | ||||||
Smiths Group PLC | 15,322 | 317,843 | ||||||
Soco International PLC | 85,677 | 129,931 | ||||||
Spirax-Sarco Engineering PLC | 3,164 | 219,878 | ||||||
SSE PLC | 67,957 | 1,282,602 | ||||||
St. James’s Place PLC | 7,030 | 107,936 | ||||||
Standard Life PLC | 69,692 | 361,291 | ||||||
TalkTalk Telecom Group PLC | 118,957 | 278,907 | ||||||
Tate & Lyle PLC | 24,591 | 211,459 | ||||||
Taylor Wimpey PLC | 77,844 | 178,165 | ||||||
Ted Baker PLC | 2,875 | 89,254 | ||||||
Telecom Plus PLC | 7,341 | 110,136 | ||||||
TP ICAP PLC | 20,334 | 123,427 | ||||||
Travis Perkins PLC | 11,012 | 208,124 | ||||||
Trinity Mirror PLC | 62,489 | 79,750 | ||||||
U & I Group PLC | 31,846 | 78,079 | ||||||
Unilever N.V. CVA | 42,770 | 2,357,113 | ||||||
Unilever PLC | 27,193 | 1,467,643 | ||||||
United Utilities Group PLC | 26,504 | 298,657 | ||||||
Vedanta Resources PLC | 19,177 | 159,922 | ||||||
Victrex PLC | 3,236 | 78,856 | ||||||
Vodafone Group PLC | 862,466 | 2,439,452 | ||||||
Weir Group PLC (The) | 6,033 | 135,651 | ||||||
WH Smith PLC | 7,340 | 163,513 | ||||||
Whitbread PLC | 3,195 | 164,636 | ||||||
WS Atkins PLC | 7,983 | 215,790 | ||||||
Xaar PLC | 22,904 | 112,459 | ||||||
|
| |||||||
Total United Kingdom | 85,432,230 | |||||||
TOTAL COMMON STOCKS (Cost: $412,087,459) | 449,885,087 | |||||||
RIGHTS – 0.0% | ||||||||
New Zealand – 0.0% | ||||||||
Kiwi Property Group Ltd., expiring 7/10/17* | 15,797 | 578 |
See Notes to Financial Statements.
42 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Investments | Shares | Value | ||||||
Spain – 0.0% | ||||||||
Repsol S.A., expiring 7/6/17* | 74,797 | $ | 34,124 | |||||
TOTAL RIGHTS (Cost: $35,636) | 34,702 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% | ||||||||
United States – 0.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c) | ||||||||
(Cost: $2,333,800)(d) | 2,333,800 | 2,333,800 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $414,456,895) | 452,253,589 | |||||||
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.3)% | (1,289,108 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 450,964,481 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (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, 2017. |
(d) | At June 30, 2017, the total market value of the Fund’s securities on loan was $4,009,909 and the total market value of the collateral held by the Fund was $4,284,899. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,951,099. |
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) | |||||||||||||||||
7/5/2017 | AUD | 4,497,902 | USD | 3,346,754 | $ | (103,362 | ) | |||||||||||||
7/5/2017 | AUD | 4,498,132 | USD | 3,346,754 | (103,538 | ) | ||||||||||||||
7/5/2017 | AUD | 4,499,426 | USD | 3,346,754 | (104,531 | ) | ||||||||||||||
7/5/2017 | AUD | 4,498,150 | USD | 3,346,754 | (103,552 | ) | ||||||||||||||
7/5/2017 | AUD | 3,427,286 | USD | 2,549,908 | (78,992 | ) | ||||||||||||||
7/5/2017 | AUD | 1,201,270 | USD | 910,721 | (10,713 | ) | ||||||||||||||
7/5/2017 | AUD | 266,308 | USD | 202,383 | (1,889 | ) | ||||||||||||||
7/5/2017 | CHF | 4,598,277 | USD | 4,762,927 | (38,699 | ) | ||||||||||||||
7/5/2017 | CHF | 4,598,301 | USD | 4,762,927 | (38,724 | ) | ||||||||||||||
7/5/2017 | CHF | 4,598,511 | USD | 4,762,927 | (38,943 | ) | ||||||||||||||
7/5/2017 | CHF | 4,597,944 | USD | 4,762,927 | (38,351 | ) | ||||||||||||||
7/5/2017 | CHF | 3,503,432 | USD | 3,628,897 | (29,466 | ) | ||||||||||||||
7/5/2017 | CHF | 1,262,087 | USD | 1,296,091 | (21,809 | ) | ||||||||||||||
7/5/2017 | CHF | 280,215 | USD | 288,020 | (4,587 | ) | ||||||||||||||
7/5/2017 | DKK | 2,214,708 | USD | 335,364 | (4,378 | ) | ||||||||||||||
7/5/2017 | DKK | 2,214,432 | USD | 335,364 | (4,335 | ) | ||||||||||||||
7/5/2017 | DKK | 2,214,566 | USD | 335,364 | (4,356 | ) | ||||||||||||||
7/5/2017 | DKK | 2,214,552 | USD | 335,364 | (4,354 | ) | ||||||||||||||
7/5/2017 | DKK | 1,687,397 | USD | 255,518 | (3,333 | ) | ||||||||||||||
7/5/2017 | DKK | 608,037 | USD | 91,259 | (2,015 | ) | ||||||||||||||
7/5/2017 | DKK | 134,954 | USD | 20,280 | (422 | ) | ||||||||||||||
7/5/2017 | EUR | 9,898,969 | USD | 11,151,278 | (138,991 | ) | ||||||||||||||
7/5/2017 | EUR | 9,898,978 | USD | 11,151,278 | (139,001 | ) | ||||||||||||||
7/5/2017 | EUR | 9,898,881 | USD | 11,151,278 | (138,891 | ) | ||||||||||||||
7/5/2017 | EUR | 9,900,542 | USD | 11,151,278 | (140,785 | ) | ||||||||||||||
7/5/2017 | EUR | 7,542,187 | USD | 8,496,213 | (106,028 | ) | ||||||||||||||
7/5/2017 | EUR | 2,718,683 | USD | 3,034,115 | (66,678 | ) | ||||||||||||||
7/5/2017 | EUR | 603,225 | USD | 674,248 | (13,761 | ) | ||||||||||||||
7/5/2017 | GBP | 7,061,006 | USD | 9,125,214 | (46,675 | ) | ||||||||||||||
7/5/2017 | GBP | 7,060,985 | USD | 9,125,214 | (46,647 | ) | ||||||||||||||
7/5/2017 | GBP | 7,061,291 | USD | 9,125,214 | (47,044 | ) | ||||||||||||||
7/5/2017 | GBP | 7,061,023 | USD | 9,125,214 | (46,697 | ) | ||||||||||||||
7/5/2017 | GBP | 5,379,962 | USD | 6,952,547 | (35,751 | ) | ||||||||||||||
7/5/2017 | GBP | 1,944,714 | USD | 2,483,159 | (42,926 | ) | ||||||||||||||
7/5/2017 | GBP | 432,344 | USD | 551,813 | (9,779 | ) | ||||||||||||||
7/5/2017 | ILS | 838,672 | USD | 237,204 | (3,124 | ) | ||||||||||||||
7/5/2017 | ILS | 838,695 | USD | 237,204 | (3,131 | ) | ||||||||||||||
7/5/2017 | ILS | 838,764 | USD | 237,204 | (3,150 | ) | ||||||||||||||
7/5/2017 | ILS | 838,732 | USD | 237,204 | (3,141 | ) | ||||||||||||||
7/5/2017 | ILS | 639,338 | USD | 180,731 | (2,476 | ) | ||||||||||||||
7/5/2017 | ILS | 227,777 | USD | 64,548 | (723 | ) | ||||||||||||||
7/5/2017 | ILS | 50,577 | USD | 14,344 | (149 | ) | ||||||||||||||
7/5/2017 | JPY | 22,848,443 | AUD | 264,263 | (647 | ) | ||||||||||||||
7/5/2017 | JPY | 21,046,173 | CHF | 179,408 | 32 | |||||||||||||||
7/5/2017 | JPY | 70,833,874 | EUR | 551,481 | (1,427 | ) | ||||||||||||||
7/5/2017 | JPY | 11,419,597 | GBP | 77,950 | (381 | ) | ||||||||||||||
7/5/2017 | JPY | 1,396,141 | ILS | 43,255 | (31 | ) | ||||||||||||||
7/5/2017 | JPY | 1,782,217 | NOK | 132,212 | (78 | ) | ||||||||||||||
7/5/2017 | JPY | 3,532,453 | NZD | 42,893 | (32 | ) | ||||||||||||||
7/5/2017 | JPY | 24,480,046 | SEK | 1,833,368 | (508 | ) | ||||||||||||||
7/5/2017 | JPY | 1,498,889 | SGD | 18,353 | (10 | ) | ||||||||||||||
7/5/2017 | JPY | 1,471,201,154 | USD | 13,323,189 | 229,551 | |||||||||||||||
7/5/2017 | JPY | 1,471,183,834 | USD | 13,323,189 | 229,705 | |||||||||||||||
7/5/2017 | JPY | 1,471,325,060 | USD | 13,323,189 | 228,448 | |||||||||||||||
7/5/2017 | JPY | 1,471,191,828 | USD | 13,323,189 | 229,634 | |||||||||||||||
7/5/2017 | JPY | 1,120,895,973 | USD | 10,151,002 | 175,068 | |||||||||||||||
7/5/2017 | JPY | 400,591,349 | USD | 3,625,517 | 60,268 | |||||||||||||||
7/5/2017 | JPY | 89,582,558 | USD | 805,671 | 8,389 | |||||||||||||||
7/5/2017 | NOK | 11,556,167 | USD | 1,372,754 | (6,815 | ) | ||||||||||||||
7/5/2017 | NOK | 11,556,781 | USD | 1,372,754 | (6,888 | ) | ||||||||||||||
7/5/2017 | NOK | 11,556,829 | USD | 1,372,754 | (6,894 | ) | ||||||||||||||
7/5/2017 | NOK | 11,556,391 | USD | 1,372,754 | (6,842 | ) | ||||||||||||||
7/5/2017 | NOK | 8,805,093 | USD | 1,045,912 | (5,235 | ) | ||||||||||||||
7/5/2017 | NOK | 3,173,907 | USD | 373,554 | (5,345 | ) | ||||||||||||||
7/5/2017 | NOK | 702,178 | USD | 83,012 | (814 | ) | ||||||||||||||
7/5/2017 | NZD | 319,308 | USD | 226,473 | (7,325 | ) | ||||||||||||||
7/5/2017 | NZD | 319,321 | USD | 226,473 | (7,334 | ) | ||||||||||||||
7/5/2017 | NZD | 319,321 | USD | 226,473 | (7,334 | ) | ||||||||||||||
7/5/2017 | NZD | 319,327 | USD | 226,473 | (7,338 | ) | ||||||||||||||
7/5/2017 | NZD | 243,313 | USD | 172,555 | (5,599 | ) | ||||||||||||||
7/5/2017 | NZD | 85,568 | USD | 61,629 | (1,024 | ) | ||||||||||||||
7/5/2017 | NZD | 18,911 | USD | 13,695 | (152 | ) | ||||||||||||||
7/5/2017 | SEK | 14,716,999 | USD | 1,699,768 | (45,079 | ) | ||||||||||||||
7/5/2017 | SEK | 14,717,185 | USD | 1,699,768 | (45,101 | ) | ||||||||||||||
7/5/2017 | SEK | 14,716,817 | USD | 1,699,768 | (45,057 | ) | ||||||||||||||
7/5/2017 | SEK | 14,716,926 | USD | 1,699,768 | (45,070 | ) | ||||||||||||||
7/5/2017 | SEK | 11,213,311 | USD | 1,295,065 | (34,385 | ) | ||||||||||||||
7/5/2017 | SEK | 4,043,821 | USD | 462,543 | (16,892 | ) | ||||||||||||||
7/5/2017 | SEK | 896,627 | USD | 102,787 | (3,517 | ) | ||||||||||||||
7/5/2017 | SGD | 1,175,360 | USD | 849,980 | (3,679 | ) | ||||||||||||||
7/5/2017 | SGD | 1,175,514 | USD | 849,980 | (3,790 | ) | ||||||||||||||
7/5/2017 | SGD | 1,175,523 | USD | 849,980 | (3,797 | ) | ||||||||||||||
7/5/2017 | SGD | 1,175,463 | USD | 849,980 | (3,753 | ) | ||||||||||||||
7/5/2017 | SGD | 895,581 | USD | 647,606 | (2,850 | ) |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2017 | SGD | 319,782 | USD | 231,297 | $ | (959 | ) | |||||||||||||
7/5/2017 | SGD | 71,191 | USD | 51,399 | (307 | ) | ||||||||||||||
7/5/2017 | USD | 910,721 | AUD | 1,194,993 | 5,898 | |||||||||||||||
7/5/2017 | USD | 210,537 | AUD | 277,466 | 2,293 | |||||||||||||||
7/5/2017 | USD | 3,345,041 | AUD | 4,360,803 | (87 | ) | ||||||||||||||
7/5/2017 | USD | 2,548,606 | AUD | 3,322,564 | (33 | ) | ||||||||||||||
7/5/2017 | USD | 3,345,041 | AUD | 4,360,786 | (100 | ) | ||||||||||||||
7/5/2017 | USD | 3,345,041 | AUD | 4,360,808 | (83 | ) | ||||||||||||||
7/5/2017 | USD | 3,345,041 | AUD | 4,360,917 | — | |||||||||||||||
7/5/2017 | USD | 1,296,091 | CHF | 1,259,710 | 19,327 | |||||||||||||||
7/5/2017 | USD | 299,625 | CHF | 290,571 | 3,795 | |||||||||||||||
7/5/2017 | USD | 4,760,490 | CHF | 4,558,978 | 99 | |||||||||||||||
7/5/2017 | USD | 3,627,040 | CHF | 3,473,471 | 38 | |||||||||||||||
7/5/2017 | USD | 4,760,490 | CHF | 4,558,745 | (144 | ) | ||||||||||||||
7/5/2017 | USD | 4,760,490 | CHF | 4,558,993 | 114 | |||||||||||||||
7/5/2017 | USD | 4,760,490 | CHF | 4,558,883 | — | |||||||||||||||
7/5/2017 | USD | 91,259 | DKK | 605,379 | 1,608 | |||||||||||||||
7/5/2017 | USD | 21,097 | DKK | 139,968 | 374 | |||||||||||||||
7/5/2017 | USD | 335,192 | DKK | 2,185,103 | 8 | |||||||||||||||
7/5/2017 | USD | 255,389 | DKK | 1,664,853 | 4 | |||||||||||||||
7/5/2017 | USD | 335,192 | DKK | 2,185,159 | 17 | |||||||||||||||
7/5/2017 | USD | 335,192 | DKK | 2,185,104 | 8 | |||||||||||||||
7/5/2017 | USD | 21,192 | DKK | 137,974 | (26 | ) | ||||||||||||||
7/5/2017 | USD | 335,192 | DKK | 2,185,050 | — | |||||||||||||||
7/5/2017 | USD | 3,034,115 | EUR | 2,706,825 | 53,154 | |||||||||||||||
7/5/2017 | USD | 701,414 | EUR | 625,797 | 12,338 | |||||||||||||||
7/5/2017 | USD | 11,145,573 | EUR | 9,771,847 | (293 | ) | ||||||||||||||
7/5/2017 | USD | 8,491,867 | EUR | 7,445,284 | (149 | ) | ||||||||||||||
7/5/2017 | USD | 11,145,573 | EUR | 9,771,813 | (333 | ) | ||||||||||||||
7/5/2017 | USD | 11,145,573 | EUR | 9,771,864 | (274 | ) | ||||||||||||||
7/5/2017 | USD | 11,145,573 | EUR | 9,772,104 | — | |||||||||||||||
7/5/2017 | USD | 2,483,159 | GBP | 1,938,369 | 34,684 | |||||||||||||||
7/5/2017 | USD | 574,046 | GBP | 450,434 | 11,044 | |||||||||||||||
7/5/2017 | USD | 9,120,545 | GBP | 7,021,313 | (216 | ) | ||||||||||||||
7/5/2017 | USD | 6,948,990 | GBP | 5,349,615 | (111 | ) | ||||||||||||||
7/5/2017 | USD | 9,120,545 | GBP | 7,021,264 | (279 | ) | ||||||||||||||
7/5/2017 | USD | 9,120,545 | GBP | 7,021,302 | (230 | ) | ||||||||||||||
7/5/2017 | USD | 9,120,545 | GBP | 7,021,475 | (5 | ) | ||||||||||||||
7/5/2017 | USD | 64,548 | ILS | 227,395 | 614 | |||||||||||||||
7/5/2017 | USD | 14,922 | ILS | 52,543 | 135 | |||||||||||||||
7/5/2017 | USD | 237,083 | ILS | 827,370 | 6 | |||||||||||||||
7/5/2017 | USD | 180,637 | ILS | 630,378 | 3 | |||||||||||||||
7/5/2017 | USD | 237,083 | ILS | 827,390 | 12 | |||||||||||||||
7/5/2017 | USD | 237,083 | ILS | 827,369 | 6 | |||||||||||||||
7/5/2017 | USD | 237,083 | ILS | 827,349 | — | |||||||||||||||
7/5/2017 | USD | 3,625,517 | JPY | 400,920,183 | (57,342 | ) | ||||||||||||||
7/5/2017 | USD | 838,131 | JPY | 93,336,614 | (7,438 | ) | ||||||||||||||
7/5/2017 | USD | 13,316,372 | JPY | 1,496,267,507 | 356 | |||||||||||||||
7/5/2017 | USD | 10,145,810 | JPY | 1,140,003,503 | 181 | |||||||||||||||
7/5/2017 | USD | 13,316,372 | JPY | 1,496,272,833 | 403 | |||||||||||||||
7/5/2017 | USD | 13,316,372 | JPY | 1,496,264,843 | 332 | |||||||||||||||
7/5/2017 | USD | 13,316,372 | JPY | 1,496,227,557 | — | |||||||||||||||
7/5/2017 | USD | 373,554 | NOK | 3,160,007 | 3,686 | |||||||||||||||
7/5/2017 | USD | 86,357 | NOK | 732,116 | 1,043 | |||||||||||||||
7/5/2017 | USD | 1,372,052 | NOK | 11,493,488 | 34 | |||||||||||||||
7/5/2017 | USD | 1,045,375 | NOK | 8,756,866 | 15 | |||||||||||||||
7/5/2017 | USD | 1,372,052 | NOK | 11,493,544 | 41 | |||||||||||||||
7/5/2017 | USD | 1,372,052 | NOK | 11,493,486 | 34 | |||||||||||||||
7/5/2017 | USD | 1,372,052 | NOK | 11,493,199 | — | |||||||||||||||
7/5/2017 | USD | 61,629 | NZD | 84,946 | 568 | |||||||||||||||
7/5/2017 | USD | 14,247 | NZD | 19,502 | 32 | |||||||||||||||
7/5/2017 | USD | 226,357 | NZD | 309,138 | (6 | ) | ||||||||||||||
7/5/2017 | USD | 172,467 | NZD | 235,543 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 226,357 | NZD | 309,137 | (7 | ) | ||||||||||||||
7/5/2017 | USD | 226,357 | NZD | 309,139 | (6 | ) | ||||||||||||||
7/5/2017 | USD | 226,357 | NZD | 309,146 | — | |||||||||||||||
7/5/2017 | USD | 462,543 | SEK | 4,020,340 | 14,108 | |||||||||||||||
7/5/2017 | USD | 106,929 | SEK | 931,098 | 3,462 | |||||||||||||||
7/5/2017 | USD | 1,698,898 | SEK | 14,329,797 | 42 | |||||||||||||||
7/5/2017 | USD | 1,294,403 | SEK | 10,917,862 | 18 | |||||||||||||||
7/5/2017 | USD | 1,698,898 | SEK | 14,329,870 | 51 | |||||||||||||||
7/5/2017 | USD | 1,698,898 | SEK | 14,329,797 | 42 | |||||||||||||||
7/5/2017 | USD | 1,698,898 | SEK | 14,329,440 | — | |||||||||||||||
7/5/2017 | USD | 231,297 | SGD | 319,676 | 882 | |||||||||||||||
7/5/2017 | USD | 53,470 | SGD | 74,187 | 412 | |||||||||||||||
7/5/2017 | USD | 849,545 | SGD | 1,169,671 | (19 | ) | ||||||||||||||
7/5/2017 | USD | 647,275 | SGD | 891,188 | (9 | ) | ||||||||||||||
7/5/2017 | USD | 849,545 | SGD | 1,169,637 | (43 | ) | ||||||||||||||
7/5/2017 | USD | 849,545 | SGD | 1,169,667 | (21 | ) | ||||||||||||||
7/5/2017 | USD | 849,545 | SGD | 1,169,696 | — | |||||||||||||||
8/2/2017 | AUD | 1,571,179 | USD | 1,204,791 | 34 | |||||||||||||||
8/2/2017 | AUD | 1,197,100 | USD | 917,940 | 21 | |||||||||||||||
8/2/2017 | AUD | 1,571,169 | USD | 1,204,791 | 42 | |||||||||||||||
8/2/2017 | AUD | 1,571,181 | USD | 1,204,791 | 32 | |||||||||||||||
8/2/2017 | AUD | 1,571,218 | USD | 1,204,791 | 4 | |||||||||||||||
8/2/2017 | DKK | 2,670,959 | USD | 410,343 | (11 | ) | ||||||||||||||
8/2/2017 | DKK | 2,035,035 | USD | 312,643 | (10 | ) | ||||||||||||||
8/2/2017 | DKK | 2,671,091 | USD | 410,343 | (31 | ) | ||||||||||||||
8/2/2017 | DKK | 2,671,049 | USD | 410,343 | (25 | ) | ||||||||||||||
8/2/2017 | DKK | 2,670,934 | USD | 410,343 | (7 | ) | ||||||||||||||
8/2/2017 | EUR | 9,523,313 | USD | 10,877,557 | 149 | |||||||||||||||
8/2/2017 | EUR | 7,255,954 | USD | 8,287,664 | 5 | |||||||||||||||
8/2/2017 | EUR | 9,523,388 | USD | 10,877,557 | 63 | |||||||||||||||
8/2/2017 | EUR | 9,523,313 | USD | 10,877,557 | 149 | |||||||||||||||
8/2/2017 | EUR | 9,523,547 | USD | 10,877,557 | (118 | ) | ||||||||||||||
8/2/2017 | GBP | 6,698,397 | USD | 8,708,687 | 119 | |||||||||||||||
8/2/2017 | GBP | 5,103,582 | USD | 6,635,192 | 40 | |||||||||||||||
8/2/2017 | GBP | 6,698,428 | USD | 8,708,687 | 79 | |||||||||||||||
8/2/2017 | GBP | 6,698,330 | USD | 8,708,687 | 206 | |||||||||||||||
8/2/2017 | GBP | 6,698,495 | USD | 8,708,687 | (8 | ) | ||||||||||||||
8/2/2017 | NOK | 12,782,961 | USD | 1,526,830 | (71 | ) | ||||||||||||||
8/2/2017 | NOK | 9,739,141 | USD | 1,163,303 | (19 | ) | ||||||||||||||
8/2/2017 | NOK | 12,782,891 | USD | 1,526,830 | (63 | ) | ||||||||||||||
8/2/2017 | NOK | 12,782,862 | USD | 1,526,830 | (59 | ) | ||||||||||||||
8/2/2017 | NOK | 12,782,593 | USD | 1,526,830 | (27 | ) | ||||||||||||||
8/2/2017 | NZD | 131,907 | USD | 96,536 | 1 | |||||||||||||||
8/2/2017 | NZD | 100,506 | USD | 73,555 | — | |||||||||||||||
8/2/2017 | NZD | 131,906 | USD | 96,536 | 1 | |||||||||||||||
8/2/2017 | NZD | 131,905 | USD | 96,536 | 2 | |||||||||||||||
8/2/2017 | NZD | 131,910 | USD | 96,536 | (2 | ) | ||||||||||||||
8/2/2017 | SEK | 12,573,367 | USD | 1,492,953 | (60 | ) | ||||||||||||||
8/2/2017 | SEK | 9,579,519 | USD | 1,137,490 | (21 | ) | ||||||||||||||
8/2/2017 | SEK | 12,573,516 | USD | 1,492,953 | (78 | ) | ||||||||||||||
8/2/2017 | SEK | 12,573,352 | USD | 1,492,953 | (58 | ) | ||||||||||||||
8/2/2017 | SEK | 12,573,131 | USD | 1,492,953 | (32 | ) | ||||||||||||||
8/3/2017 | CHF | 4,753,904 | USD | 4,972,916 | (211 | ) |
See Notes to Financial Statements.
44 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2017
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
8/3/2017 | CHF | 3,622,001 | USD | 3,788,890 | $ | (137 | ) | |||||||||||||
8/3/2017 | CHF | 4,753,715 | USD | 4,972,916 | (13 | ) | ||||||||||||||
8/3/2017 | CHF | 4,753,844 | USD | 4,972,916 | (148 | ) | ||||||||||||||
8/3/2017 | CHF | 4,753,799 | USD | 4,972,916 | (102 | ) | ||||||||||||||
8/3/2017 | ILS | 1,158,749 | USD | 332,377 | (23 | ) | ||||||||||||||
8/3/2017 | ILS | 882,850 | USD | 253,243 | (12 | ) | ||||||||||||||
8/3/2017 | ILS | 1,158,764 | USD | 332,377 | (27 | ) | ||||||||||||||
8/3/2017 | ILS | 1,158,791 | USD | 332,377 | (35 | ) | ||||||||||||||
8/3/2017 | ILS | 1,158,749 | USD | 332,377 | (23 | ) | ||||||||||||||
8/3/2017 | JPY | 1,570,970,733 | USD | 13,997,991 | (510 | ) | ||||||||||||||
8/3/2017 | JPY | 1,196,914,197 | USD | 10,665,137 | (246 | ) | ||||||||||||||
8/3/2017 | JPY | 1,571,000,129 | USD | 13,997,991 | (771 | ) | ||||||||||||||
8/3/2017 | JPY | 1,570,969,333 | USD | 13,997,991 | (497 | ) | ||||||||||||||
8/3/2017 | JPY | 1,570,913,341 | USD | 13,997,991 | 2 | |||||||||||||||
8/3/2017 | SGD | 1,162,040 | USD | 844,328 | (30 | ) | ||||||||||||||
8/3/2017 | SGD | 885,361 | USD | 643,299 | (20 | ) | ||||||||||||||
8/3/2017 | SGD | 1,161,999 | USD | 844,328 | — | |||||||||||||||
8/3/2017 | SGD | 1,162,073 | USD | 844,328 | (54 | ) | ||||||||||||||
8/3/2017 | SGD | 1,162,052 | USD | 844,328 | (39 | ) | ||||||||||||||
$ | (845,675 | ) |
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.
WisdomTree Trust Annual Report June 30, 2017 | 45 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
June 30, 2017
Investments | Shares | Value | ||||||
EXCHANGE-TRADED FUND – 99.9% | ||||||||
United States – 99.9% | ||||||||
WisdomTree International Quality Dividend Growth Fund(a) | ||||||||
(Cost: $1,987,219) | 82,329 | $ | 2,329,087 | |||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.1% | 2,011 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,331,098 |
(a) | Affiliated company (See Note 3). |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2017 | AUD | 16,502 | USD | 12,279 | $ | (379 | ) | |||||||||||||
7/5/2017 | AUD | 16,503 | USD | 12,279 | (380 | ) | ||||||||||||||
7/5/2017 | AUD | 16,508 | USD | 12,279 | (384 | ) | ||||||||||||||
7/5/2017 | AUD | 16,503 | USD | 12,279 | (380 | ) | ||||||||||||||
7/5/2017 | AUD | 12,575 | USD | 9,356 | (290 | ) | ||||||||||||||
7/5/2017 | CHF | 38,645 | USD | 40,029 | (325 | ) | ||||||||||||||
7/5/2017 | CHF | 38,645 | USD | 40,029 | (325 | ) | ||||||||||||||
7/5/2017 | CHF | 38,647 | USD | 40,029 | (327 | ) | ||||||||||||||
7/5/2017 | CHF | 38,642 | USD | 40,029 | (322 | ) | ||||||||||||||
7/5/2017 | CHF | 29,445 | USD | 30,499 | (249 | ) | ||||||||||||||
7/5/2017 | DKK | 40,739 | USD | 6,169 | (81 | ) | ||||||||||||||
7/5/2017 | DKK | 40,734 | USD | 6,169 | (80 | ) | ||||||||||||||
7/5/2017 | DKK | 40,737 | USD | 6,169 | (80 | ) | ||||||||||||||
7/5/2017 | DKK | 40,737 | USD | 6,169 | (80 | ) | ||||||||||||||
7/5/2017 | DKK | 31,064 | USD | 4,704 | (61 | ) | ||||||||||||||
7/5/2017 | EUR | 54,385 | USD | 61,265 | (764 | ) | ||||||||||||||
7/5/2017 | EUR | 54,385 | USD | 61,265 | (764 | ) | ||||||||||||||
7/5/2017 | EUR | 54,384 | USD | 61,265 | (763 | ) | ||||||||||||||
7/5/2017 | EUR | 54,393 | USD | 61,265 | (773 | ) | ||||||||||||||
7/5/2017 | EUR | 41,439 | USD | 46,681 | (583 | ) | ||||||||||||||
7/5/2017 | GBP | 36,550 | USD | 47,235 | (242 | ) | ||||||||||||||
7/5/2017 | GBP | 36,550 | USD | 47,235 | (241 | ) | ||||||||||||||
7/5/2017 | GBP | 36,551 | USD | 47,235 | (244 | ) | ||||||||||||||
7/5/2017 | GBP | 36,550 | USD | 47,235 | (242 | ) | ||||||||||||||
7/5/2017 | GBP | 27,851 | USD | 35,992 | (185 | ) | ||||||||||||||
7/5/2017 | ILS | 170 | USD | 48 | (1 | ) | ||||||||||||||
7/5/2017 | ILS | 170 | USD | 48 | (1 | ) | ||||||||||||||
7/5/2017 | ILS | 170 | USD | 48 | (1 | ) | ||||||||||||||
7/5/2017 | ILS | 170 | USD | 48 | (1 | ) | ||||||||||||||
7/5/2017 | ILS | 145 | USD | 41 | (1 | ) | ||||||||||||||
7/5/2017 | JPY | 195,269 | AUD | 2,258 | (6 | ) | ||||||||||||||
7/5/2017 | JPY | 173,612 | CHF | 1,480 | — | |||||||||||||||
7/5/2017 | JPY | 13,677 | NZD | 166 | — | |||||||||||||||
7/5/2017 | JPY | 6,370 | SGD | 78 | — | |||||||||||||||
7/5/2017 | JPY | 4,788,761 | USD | 43,367 | 747 | |||||||||||||||
7/5/2017 | JPY | 4,788,705 | USD | 43,367 | 748 | |||||||||||||||
7/5/2017 | JPY | 4,789,165 | USD | 43,367 | 744 | |||||||||||||||
7/5/2017 | JPY | 4,788,731 | USD | 43,367 | 747 | |||||||||||||||
7/5/2017 | JPY | 3,648,791 | USD | 33,044 | 570 | |||||||||||||||
7/5/2017 | NOK | 46,090 | USD | 5,475 | (27 | ) | ||||||||||||||
7/5/2017 | NOK | 46,092 | USD | 5,475 | (27 | ) | ||||||||||||||
7/5/2017 | NOK | 46,092 | USD | 5,475 | $ | (28 | ) | |||||||||||||
7/5/2017 | NOK | 46,091 | USD | 5,475 | (27 | ) | ||||||||||||||
7/5/2017 | NOK | 35,139 | USD | 4,174 | (21 | ) | ||||||||||||||
7/5/2017 | NZD | 1,105 | USD | 784 | (25 | ) | ||||||||||||||
7/5/2017 | NZD | 1,105 | USD | 784 | (25 | ) | ||||||||||||||
7/5/2017 | NZD | 1,105 | USD | 784 | (25 | ) | ||||||||||||||
7/5/2017 | NZD | 1,105 | USD | 784 | (25 | ) | ||||||||||||||
7/5/2017 | NZD | 846 | USD | 600 | (19 | ) | ||||||||||||||
7/5/2017 | SEK | 111,336 | USD | 12,859 | (341 | ) | ||||||||||||||
7/5/2017 | SEK | 111,338 | USD | 12,859 | (341 | ) | ||||||||||||||
7/5/2017 | SEK | 111,335 | USD | 12,859 | (341 | ) | ||||||||||||||
7/5/2017 | SEK | 111,336 | USD | 12,859 | (341 | ) | ||||||||||||||
7/5/2017 | SEK | 84,871 | USD | 9,802 | (260 | ) | ||||||||||||||
7/5/2017 | SGD | 3,709 | USD | 2,682 | (12 | ) | ||||||||||||||
7/5/2017 | SGD | 3,709 | USD | 2,682 | (12 | ) | ||||||||||||||
7/5/2017 | SGD | 3,709 | USD | 2,682 | (12 | ) | ||||||||||||||
7/5/2017 | SGD | 3,709 | USD | 2,682 | (12 | ) | ||||||||||||||
7/5/2017 | SGD | 2,828 | USD | 2,045 | (9 | ) | ||||||||||||||
7/5/2017 | USD | 12,279 | AUD | 16,008 | — | |||||||||||||||
7/5/2017 | USD | 12,279 | AUD | 16,008 | — | |||||||||||||||
7/5/2017 | USD | 9,356 | AUD | 12,197 | — | |||||||||||||||
7/5/2017 | USD | 12,279 | AUD | 16,008 | — | |||||||||||||||
7/5/2017 | USD | 12,279 | AUD | 16,008 | — | |||||||||||||||
7/5/2017 | USD | 40,029 | CHF | 38,335 | 1 | |||||||||||||||
7/5/2017 | USD | 40,029 | CHF | 38,334 | — | |||||||||||||||
7/5/2017 | USD | 30,499 | CHF | 29,208 | 1 | |||||||||||||||
7/5/2017 | USD | 40,029 | CHF | 38,333 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 40,029 | CHF | 38,335 | 1 | |||||||||||||||
7/5/2017 | USD | 6,169 | DKK | 40,215 | — | |||||||||||||||
7/5/2017 | USD | 4,704 | DKK | 30,665 | — | |||||||||||||||
7/5/2017 | USD | 6,169 | DKK | 40,215 | — | |||||||||||||||
7/5/2017 | USD | 6,169 | DKK | 40,216 | — | |||||||||||||||
7/5/2017 | USD | 6,169 | DKK | 40,215 | — | |||||||||||||||
7/5/2017 | USD | 382 | DKK | 2,484 | 1 | |||||||||||||||
7/5/2017 | USD | 61,265 | EUR | 53,714 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 61,265 | EUR | 53,714 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 46,681 | EUR | 40,927 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 61,265 | EUR | 53,714 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 61,265 | EUR | 53,714 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 3,659 | EUR | 3,203 | (5 | ) | ||||||||||||||
7/5/2017 | USD | 47,235 | GBP | 36,363 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 47,235 | GBP | 36,363 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 35,992 | GBP | 27,708 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 47,235 | GBP | 36,363 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 47,235 | GBP | 36,363 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 1,064 | GBP | 817 | (3 | ) | ||||||||||||||
7/5/2017 | USD | 48 | ILS | 168 | — | |||||||||||||||
7/5/2017 | USD | 48 | ILS | 168 | — | |||||||||||||||
7/5/2017 | USD | 41 | ILS | 143 | — | |||||||||||||||
7/5/2017 | USD | 48 | ILS | 168 | — | |||||||||||||||
7/5/2017 | USD | 48 | ILS | 168 | — | |||||||||||||||
7/5/2017 | USD | 3 | ILS | 11 | — | |||||||||||||||
7/5/2017 | USD | 43,367 | JPY | 4,872,846 | 1 | |||||||||||||||
7/5/2017 | USD | 33,044 | JPY | 3,712,916 | 1 | |||||||||||||||
7/5/2017 | USD | 43,367 | JPY | 4,872,802 | 1 | |||||||||||||||
7/5/2017 | USD | 43,367 | JPY | 4,872,863 | 1 | |||||||||||||||
7/5/2017 | USD | 43,367 | JPY | 4,872,837 | 1 | |||||||||||||||
7/5/2017 | USD | 5,475 | NOK | 45,863 | — |
See Notes to Financial Statements.
46 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
June 30, 2017
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2017 | USD | 5,475 | NOK | 45,863 | $ | — | ||||||||||||||
7/5/2017 | USD | 4,174 | NOK | 34,965 | — | |||||||||||||||
7/5/2017 | USD | 5,475 | NOK | 45,864 | — | |||||||||||||||
7/5/2017 | USD | 5,475 | NOK | 45,863 | — | |||||||||||||||
7/5/2017 | USD | 130 | NOK | 1,086 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 784 | NZD | 1,071 | — | |||||||||||||||
7/5/2017 | USD | 600 | NZD | 819 | — | |||||||||||||||
7/5/2017 | USD | 784 | NZD | 1,071 | — | |||||||||||||||
7/5/2017 | USD | 784 | NZD | 1,071 | — | |||||||||||||||
7/5/2017 | USD | 784 | NZD | 1,071 | — | |||||||||||||||
7/5/2017 | USD | 12,859 | SEK | 108,463 | — | |||||||||||||||
7/5/2017 | USD | 12,859 | SEK | 108,461 | — | |||||||||||||||
7/5/2017 | USD | 9,802 | SEK | 82,678 | — | |||||||||||||||
7/5/2017 | USD | 12,859 | SEK | 108,463 | — | |||||||||||||||
7/5/2017 | USD | 12,859 | SEK | 108,463 | — | |||||||||||||||
7/5/2017 | USD | 1,625 | SEK | 13,687 | (3 | ) | ||||||||||||||
7/5/2017 | USD | 2,682 | SGD | 3,693 | — | |||||||||||||||
7/5/2017 | USD | 2,682 | SGD | 3,693 | — | |||||||||||||||
7/5/2017 | USD | 2,045 | SGD | 2,816 | — | |||||||||||||||
7/5/2017 | USD | 2,682 | SGD | 3,693 | — | |||||||||||||||
7/5/2017 | USD | 2,682 | SGD | 3,693 | — | |||||||||||||||
8/2/2017 | AUD | 5,355 | USD | 4,106 | — | |||||||||||||||
8/2/2017 | AUD | 5,355 | USD | 4,106 | — | |||||||||||||||
8/2/2017 | AUD | 4,082 | USD | 3,130 | — | |||||||||||||||
8/2/2017 | AUD | 5,355 | USD | 4,106 | — | |||||||||||||||
8/2/2017 | AUD | 5,355 | USD | 4,106 | — | |||||||||||||||
8/2/2017 | DKK | 68,990 | USD | 10,599 | — | |||||||||||||||
8/2/2017 | DKK | 52,569 | USD | 8,076 | — | |||||||||||||||
8/2/2017 | DKK | 68,990 | USD | 10,599 | — | |||||||||||||||
8/2/2017 | DKK | 68,993 | USD | 10,599 | (1 | ) | ||||||||||||||
8/2/2017 | DKK | 68,992 | USD | 10,599 | (1 | ) | ||||||||||||||
8/2/2017 | EUR | 39,185 | USD | 44,757 | 1 | |||||||||||||||
8/2/2017 | EUR | 29,856 | USD | 34,102 | — | |||||||||||||||
8/2/2017 | EUR | 39,185 | USD | 44,757 | — | |||||||||||||||
8/2/2017 | EUR | 39,185 | USD | 44,757 | — | |||||||||||||||
8/2/2017 | EUR | 39,185 | USD | 44,757 | 1 | |||||||||||||||
8/2/2017 | GBP | 35,424 | USD | 46,055 | 1 | |||||||||||||||
8/2/2017 | GBP | 35,424 | USD | 46,055 | — | |||||||||||||||
8/2/2017 | GBP | 26,991 | USD | 35,092 | 1 | |||||||||||||||
8/2/2017 | GBP | 35,424 | USD | 46,055 | — | |||||||||||||||
8/2/2017 | GBP | 35,423 | USD | 46,055 | 1 | |||||||||||||||
8/2/2017 | NOK | 55,282 | USD | 6,603 | — | |||||||||||||||
8/2/2017 | NOK | 55,280 | USD | 6,603 | — | |||||||||||||||
8/2/2017 | NOK | 42,137 | USD | 5,033 | — | |||||||||||||||
8/2/2017 | NOK | 55,281 | USD | 6,603 | — | |||||||||||||||
8/2/2017 | NOK | 55,281 | USD | 6,603 | — | |||||||||||||||
8/2/2017 | NZD | 456 | USD | 334 | — | |||||||||||||||
8/2/2017 | NZD | 456 | USD | 334 | — | |||||||||||||||
8/2/2017 | NZD | 348 | USD | 255 | — | |||||||||||||||
8/2/2017 | NZD | 456 | USD | 334 | — | |||||||||||||||
8/2/2017 | NZD | 456 | USD | 334 | — | |||||||||||||||
8/2/2017 | SEK | 160,814 | USD | 19,095 | (1 | ) | ||||||||||||||
8/2/2017 | SEK | 122,546 | USD | 14,551 | (1 | ) | ||||||||||||||
8/2/2017 | SEK | 160,811 | USD | 19,095 | — | |||||||||||||||
8/2/2017 | SEK | 160,816 | USD | 19,095 | (1 | ) | ||||||||||||||
8/2/2017 | SEK | 160,814 | USD | 19,095 | (1 | ) | ||||||||||||||
8/3/2017 | CHF | 42,424 | USD | 44,378 | (2 | ) | ||||||||||||||
8/3/2017 | CHF | 32,325 | USD | 33,814 | (1 | ) | ||||||||||||||
8/3/2017 | CHF | 42,423 | USD | 44,378 | $ | (2 | ) | |||||||||||||
8/3/2017 | CHF | 42,422 | USD | 44,378 | — | |||||||||||||||
8/3/2017 | CHF | 42,423 | USD | 44,378 | (1 | ) | ||||||||||||||
8/3/2017 | ILS | 6,798 | USD | 1,950 | — | |||||||||||||||
8/3/2017 | ILS | 5,184 | USD | 1,487 | — | |||||||||||||||
8/3/2017 | ILS | 6,798 | USD | 1,950 | — | |||||||||||||||
8/3/2017 | ILS | 6,798 | USD | 1,950 | — | |||||||||||||||
8/3/2017 | ILS | 6,798 | USD | 1,950 | — | |||||||||||||||
8/3/2017 | JPY | 6,749,858 | USD | 60,144 | (2 | ) | ||||||||||||||
8/3/2017 | JPY | 5,143,207 | USD | 45,828 | (2 | ) | ||||||||||||||
8/3/2017 | JPY | 6,749,768 | USD | 60,144 | (1 | ) | ||||||||||||||
8/3/2017 | JPY | 6,749,985 | USD | 60,144 | (3 | ) | ||||||||||||||
8/3/2017 | JPY | 6,749,852 | USD | 60,144 | (2 | ) | ||||||||||||||
8/3/2017 | SGD | 736 | USD | 535 | — | |||||||||||||||
8/3/2017 | SGD | 736 | USD | 535 | — | |||||||||||||||
8/3/2017 | SGD | 562 | USD | 408 | — | |||||||||||||||
8/3/2017 | SGD | 736 | USD | 535 | — | |||||||||||||||
8/3/2017 | SGD | 736 | USD | 535 | — | |||||||||||||||
$ | (6,963 | ) |
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.
WisdomTree Trust Annual Report June 30, 2017 | 47 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.0% | ||||||||
Australia – 13.1% | ||||||||
Adelaide Brighton Ltd. | 1,778 | $ | 7,678 | |||||
Ainsworth Game Technology Ltd. | 1,559 | 2,583 | ||||||
ALS Ltd. | 1,266 | 7,235 | ||||||
Altium Ltd. | 434 | 2,853 | ||||||
AMA Group Ltd. | 1,490 | 1,109 | ||||||
Amaysim Australia Ltd.(a) | 212 | 254 | ||||||
Ansell Ltd. | 197 | 3,586 | ||||||
AP Eagers Ltd. | 555 | 3,559 | ||||||
APN Outdoor Group Ltd. | 667 | 2,461 | ||||||
ARB Corp., Ltd. | 153 | 1,844 | ||||||
Asaleo Care Ltd. | 2,965 | 3,343 | ||||||
AUB Group Ltd. | 255 | 2,541 | ||||||
Austal Ltd. | 1,185 | 1,663 | ||||||
Australian Pharmaceutical Industries Ltd. | 1,620 | 2,367 | ||||||
Automotive Holdings Group Ltd.(a) | 835 | 2,146 | ||||||
Baby Bunting Group Ltd.(a) | 1,284 | 1,916 | ||||||
Bapcor Ltd. | 628 | 2,645 | ||||||
Beach Energy Ltd. | 4,482 | 1,977 | ||||||
Blackmores Ltd.(a) | 44 | 3,235 | ||||||
Breville Group Ltd. | 466 | 3,735 | ||||||
Brickworks Ltd. | 87 | 920 | ||||||
BT Investment Management Ltd. | 966 | 8,432 | ||||||
carsales.com Ltd. | 820 | 7,246 | ||||||
Cedar Woods Properties Ltd. | 227 | 907 | ||||||
Cleanaway Waste Management Ltd. | 3,355 | 3,538 | ||||||
Collins Foods Ltd. | 276 | 1,249 | ||||||
Corporate Travel Management Ltd. | 70 | 1,232 | ||||||
Costa Group Holdings Ltd. | 453 | 1,685 | ||||||
CSG Ltd. | 3,383 | 1,933 | ||||||
CSR Ltd. | 2,760 | 8,955 | ||||||
Data#3 Ltd. | 958 | 1,268 | ||||||
Dicker Data Ltd. | 971 | 1,765 | ||||||
Dongfang Modern Agriculture Holding Group Ltd.(a) | 2,361 | 1,485 | ||||||
DuluxGroup Ltd. | 1,098 | 5,845 | ||||||
Eclipx Group Ltd. | 357 | 978 | ||||||
Elanor Investor Group | 734 | 1,205 | ||||||
Estia Health Ltd. | 486 | 1,137 | ||||||
Event Hospitality and Entertainment Ltd. | 173 | 1,774 | ||||||
Fairfax Media Ltd. | 8,935 | 7,539 | ||||||
Flight Centre Travel Group Ltd.(a) | 303 | 8,902 | ||||||
G8 Education Ltd. | 2,212 | 6,125 | ||||||
Genworth Mortgage Insurance Australia Ltd. | 3,482 | 7,826 | ||||||
GrainCorp Ltd. Class A | 238 | 1,729 | ||||||
Greencross Ltd. | 446 | 2,070 | ||||||
GUD Holdings Ltd. | 289 | 2,862 | ||||||
GWA Group Ltd. | 1,203 | 2,907 | ||||||
Hansen Technologies Ltd. | 390 | 1,209 | ||||||
Healthscope Ltd. | 5,254 | 8,906 | ||||||
HFA Holdings Ltd. | 591 | 1,088 | ||||||
HT&E Ltd. | 866 | 1,754 | ||||||
IDP Education Ltd. | 577 | 2,253 | ||||||
IMF Bentham Ltd. | 778 | 1,128 | ||||||
Independence Group NL | 413 | $ | 998 | |||||
Invocare Ltd. | 281 | 3,168 | ||||||
IOOF Holdings Ltd. | 1,758 | 13,215 | ||||||
IPH Ltd. | 692 | 2,548 | ||||||
IRESS Ltd. | 607 | 5,908 | ||||||
iSentia Group Ltd.(a) | 969 | 1,598 | ||||||
IVE Group Ltd. | 1,166 | 1,923 | ||||||
Japara Healthcare Ltd. | 1,310 | 2,110 | ||||||
JB Hi-Fi Ltd.(a) | 512 | 9,178 | ||||||
Link Administration Holdings Ltd. | 658 | 3,987 | ||||||
MACA Ltd. | 3,160 | 3,999 | ||||||
Mantra Group Ltd. | 1,028 | 2,405 | ||||||
McMillan Shakespeare Ltd. | 339 | 3,484 | ||||||
Mineral Resources Ltd. | 631 | 5,251 | ||||||
Monadelphous Group Ltd. | 812 | 8,714 | ||||||
Myer Holdings Ltd.(a) | 5,786 | 3,706 | ||||||
MYOB Group Ltd. | 1,854 | 4,864 | ||||||
MyState Ltd. | 557 | 2,072 | ||||||
Navitas Ltd. | 1,378 | 5,126 | ||||||
NIB Holdings Ltd. | 1,011 | 4,459 | ||||||
Nick Scali Ltd. | 379 | 1,770 | ||||||
Nine Entertainment Co. Holdings Ltd. | 4,163 | 4,407 | ||||||
Northern Star Resources Ltd. | 1,001 | 3,647 | ||||||
Nufarm Ltd. | 214 | 1,581 | ||||||
oOh!media Ltd. | 552 | 1,744 | ||||||
Orora Ltd. | 3,655 | 8,018 | ||||||
OZ Minerals Ltd. | 945 | 5,371 | ||||||
Pact Group Holdings Ltd. | 544 | 2,499 | ||||||
Peet Ltd. | 1,257 | 1,152 | ||||||
Perpetual Ltd. | 239 | 10,242 | ||||||
Platinum Asset Management Ltd.(a) | 3,205 | 11,382 | ||||||
Premier Investments Ltd. | 223 | 2,167 | ||||||
Primary Health Care Ltd. | 1,097 | 3,063 | ||||||
Programmed Maintenance Services Ltd. | 755 | 1,080 | ||||||
QMS Media Ltd. | 1,444 | 1,285 | ||||||
Quintis Ltd.† | 424 | 96 | ||||||
RCG Corp., Ltd.(a) | 5,378 | 3,548 | ||||||
Regis Resources Ltd. | 1,738 | 5,039 | ||||||
Retail Food Group Ltd. | 926 | 3,338 | ||||||
Sandfire Resources NL | 358 | 1,552 | ||||||
SeaLink Travel Group Ltd. | 371 | 1,158 | ||||||
Select Harvests Ltd. | 290 | 1,090 | ||||||
Seven Group Holdings Ltd. | 823 | 6,906 | ||||||
Seven West Media Ltd. | 4,872 | 2,672 | ||||||
SG Fleet Group Ltd. | 581 | 1,693 | ||||||
Sigma Healthcare Ltd. | 5,934 | 4,074 | ||||||
Silver Chef Ltd. | 273 | 1,564 | ||||||
Sims Metal Management Ltd. | 446 | 5,193 | ||||||
Sirtex Medical Ltd. | 147 | 1,832 | ||||||
SmartGroup Corp. Ltd. | 341 | 1,875 | ||||||
Southern Cross Media Group Ltd. | 4,538 | 4,334 | ||||||
Spotless Group Holdings Ltd. | 6,687 | 5,899 | ||||||
Steadfast Group Ltd. | 1,377 | 2,810 | ||||||
Super Retail Group Ltd. | 221 | 1,390 |
See Notes to Financial Statements.
48 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
Tassal Group Ltd. | 441 | $ | 1,289 | |||||
Technology One Ltd. | 426 | 1,882 | ||||||
Villa World Ltd. | 1,285 | 2,218 | ||||||
Village Roadshow Ltd. | 739 | 2,296 | ||||||
Virtus Health Ltd. | 219 | 904 | ||||||
Vita Group Ltd. | 1,920 | 1,635 | ||||||
Viva Energy REIT | 1,237 | 2,154 | ||||||
Vocus Group Ltd.(a) | 2,030 | 5,247 | ||||||
Webjet Ltd. | 332 | 3,145 | ||||||
WPP AUNZ Ltd. | 3,508 | 3,364 | ||||||
|
| |||||||
Total Australia | 394,900 | |||||||
Austria – 0.8% | ||||||||
Austria Technologie & Systemtechnik AG | 166 | 1,863 | ||||||
DO & Co. AG | 18 | 1,269 | ||||||
Porr AG | 113 | 3,561 | ||||||
RHI AG | 68 | 2,517 | ||||||
S IMMO AG | 173 | 2,506 | ||||||
UNIQA Insurance Group AG | 1,147 | 10,675 | ||||||
Zumtobel Group AG | 70 | 1,296 | ||||||
|
| |||||||
Total Austria | 23,687 | |||||||
Belgium – 1.5% | ||||||||
Barco N.V. | 26 | 2,666 | ||||||
Cofinimmo S.A. | 102 | 12,524 | ||||||
D’ieteren S.A./N.V. | 123 | 5,741 | ||||||
Euronav N.V. | 597 | 4,716 | ||||||
EVS Broadcast Equipment S.A. | 57 | 2,288 | ||||||
Exmar N.V. | 472 | 2,261 | ||||||
Greenyard N.V. | 51 | 1,206 | ||||||
Ion Beam Applications | 46 | 2,532 | ||||||
Orange Belgium S.A. | 185 | 4,326 | ||||||
Warehouses De Pauw CVA | 75 | 7,871 | ||||||
|
| |||||||
Total Belgium | 46,131 | |||||||
China – 1.5% | ||||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 1,000 | 1,463 | ||||||
China Aerospace International Holdings Ltd. | 16,000 | 2,029 | ||||||
China Agri-Industries Holdings Ltd. | 7,000 | 2,905 | ||||||
China Traditional Chinese Medicine Holdings Co., Ltd. | 8,000 | 4,612 | ||||||
China Travel International Investment Hong Kong Ltd. | 19,956 | 5,752 | ||||||
CITIC Telecom International Holdings Ltd. | 11,678 | 3,740 | ||||||
CPMC Holdings Ltd. | 4,000 | 1,973 | ||||||
Dah Chong Hong Holdings Ltd. | 2,779 | 1,274 | ||||||
Goldpac Group Ltd. | 5,835 | 1,757 | ||||||
Guotai Junan International Holdings Ltd. | 16,052 | 4,976 | �� | |||||
Rivera Holdings Ltd. | 18,000 | 1,383 | ||||||
Shougang Fushan Resources Group Ltd. | 13,903 | 2,582 | ||||||
Sinotruk Hong Kong Ltd. | 3,151 | 2,289 | ||||||
Yuexiu Property Co., Ltd. | 52,638 | 8,968 | ||||||
|
| |||||||
Total China | 45,703 | |||||||
Denmark – 1.5% | ||||||||
Alm Brand A/S | 329 | 2,927 | ||||||
NNIT A/S(b) | 62 | 1,888 | ||||||
Per Aarsleff Holding A/S | 73 | 1,769 | ||||||
Ringkjoebing Landbobank A/S | 29 | 1,446 | ||||||
Royal Unibrew A/S | 150 | 7,186 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 475 | 7,724 | ||||||
Schouw & Co. AB | 46 | 4,929 | ||||||
SimCorp A/S | 29 | 1,755 | ||||||
Spar Nord Bank A/S | 583 | 7,638 | ||||||
Sydbank A/S | 253 | 9,524 | ||||||
|
| |||||||
Total Denmark | 46,786 | |||||||
Finland – 2.6% | ||||||||
Aktia Bank Oyj | 219 | 2,340 | ||||||
Citycon Oyj | 4,501 | 11,797 | ||||||
Cramo Oyj | 121 | 3,616 | ||||||
DNA Oyj | 437 | 6,928 | ||||||
F-Secure Oyj | 256 | 1,218 | ||||||
Finnair Oyj | 206 | 1,506 | ||||||
HKScan Oyj Class A | 479 | 1,715 | ||||||
Kemira Oyj | 650 | 8,199 | ||||||
Lassila & Tikanoja Oyj | 186 | 3,906 | ||||||
Lehto Group Oyj | 87 | 1,300 | ||||||
Metsa Board Oyj | 733 | 5,313 | ||||||
Oriola Oyj Class B | 224 | 935 | ||||||
Raisio Oyj Class V | 516 | 2,142 | ||||||
Ramirent Oyj | 277 | 2,790 | ||||||
Sanoma Oyj | 141 | 1,316 | ||||||
Technopolis Oyj | 761 | 3,203 | ||||||
Tieto Oyj | 312 | 9,633 | ||||||
Tikkurila Oyj | 197 | 4,253 | ||||||
Tokmanni Group Corp. | 286 | 2,378 | ||||||
Uponor Oyj | 96 | 1,742 | ||||||
YIT Oyj | 218 | 1,820 | ||||||
|
| |||||||
Total Finland | 78,050 | |||||||
France – 2.2% | ||||||||
Albioma S.A. | 119 | 2,736 | ||||||
Coface S.A. | 394 | 3,946 | ||||||
Europcar Groupe S.A.(b) | 398 | 5,815 | ||||||
Gaztransport Et Technigaz S.A. | 110 | 4,388 | ||||||
Haulotte Group S.A. | 52 | 886 | ||||||
IPSOS | 57 | 2,136 | ||||||
Jacquet Metal Service | 111 | 2,936 | ||||||
Kaufman & Broad S.A. | 98 | 4,365 | ||||||
Korian S.A. | 140 | 4,770 | ||||||
LISI | 51 | 2,426 | ||||||
Manitou BF S.A. | 37 | 1,152 | ||||||
Mersen S.A. | 34 | 1,115 | ||||||
Neopost S.A. | 169 | 7,835 | ||||||
Nexans S.A. | 48 | 2,622 | ||||||
Oeneo S.A. | 101 | 1,073 | ||||||
Rallye S.A. | 429 | 8,822 | ||||||
Technicolor S.A. Registered Shares | 648 | 2,822 | ||||||
Television Francaise 1 | 468 | 6,544 | ||||||
|
| |||||||
Total France | 66,389 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 49 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
Germany – 3.9% | ||||||||
Aareal Bank AG | 200 | $ | 7,918 | |||||
alstria office REIT-AG | 627 | 8,464 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA(a) | 193 | 10,354 | ||||||
BayWa AG | 103 | 3,656 | ||||||
Bechtle AG | 16 | 2,053 | ||||||
Bertrandt AG | 13 | 1,301 | ||||||
bet-at-home.com AG | 8 | 1,159 | ||||||
Bilfinger SE | 118 | 4,616 | ||||||
Borussia Dortmund GmbH & Co. KGaA | 149 | 1,037 | ||||||
CANCOM SE | 24 | 1,457 | ||||||
Capital Stage AG | 133 | 939 | ||||||
CENTROTEC Sustainable AG | 56 | 1,230 | ||||||
Cewe Stiftung & Co. KGAA | 22 | 1,853 | ||||||
CropEnergies AG | 109 | 1,203 | ||||||
Diebold Nixdorf AG | 75 | 6,159 | ||||||
Gerresheimer AG | 49 | 3,936 | ||||||
GFT Technologies SE | 51 | 1,057 | ||||||
Grammer AG | 31 | 1,622 | ||||||
Hamburger Hafen und Logistik AG | 207 | 4,514 | ||||||
Indus Holding AG | 54 | 3,825 | ||||||
Kloeckner & Co. SE | 232 | 2,440 | ||||||
Leoni AG | 47 | 2,416 | ||||||
MLP AG | 193 | 1,285 | ||||||
NORMA Group SE | 64 | 3,322 | ||||||
Pfeiffer Vacuum Technology AG | 32 | 4,677 | ||||||
RHOEN-KLINIKUM AG | 56 | 1,633 | ||||||
Sixt SE | 87 | 5,251 | ||||||
SMA Solar Technology AG(a) | 43 | 1,290 | ||||||
Takkt AG | 178 | 4,444 | ||||||
TLG Immobilien AG | 342 | 6,980 | ||||||
VERBIO Vereinigte BioEnergie AG | 89 | 1,002 | ||||||
VTG AG | 84 | 3,271 | ||||||
Wacker Neuson SE | 104 | 2,518 | ||||||
Washtec AG | 31 | 2,381 | ||||||
Wuestenrot & Wuerttembergische AG | 285 | 6,227 | ||||||
|
| |||||||
Total Germany | 117,490 | |||||||
Hong Kong – 1.3% | ||||||||
Dah Sing Financial Holdings Ltd. | 800 | 6,718 | ||||||
Hong Kong Aircraft Engineering Co., Ltd. | 400 | 2,741 | ||||||
Hongkong & Shanghai Hotels Ltd. (The) | 2,500 | 4,516 | ||||||
Kowloon Development Co., Ltd. | 7,000 | 7,613 | ||||||
Lai Sun Development Co., Ltd. | 42,107 | 1,537 | ||||||
Miramar Hotel & Investment | 1,000 | 2,316 | ||||||
Television Broadcasts Ltd. | 1,800 | 6,779 | ||||||
Vitasoy International Holdings Ltd. | 2,520 | 5,184 | ||||||
Welling Holding Ltd. | 10,000 | 2,280 | ||||||
|
| |||||||
Total Hong Kong | 39,684 | |||||||
Indonesia – 0.1% | ||||||||
Bumitama Agri Ltd. | 4,447 | 2,422 | ||||||
Ireland – 0.6% | ||||||||
C&C Group PLC | 542 | 1,990 | ||||||
Grafton Group PLC | 413 | 3,782 | ||||||
Greencore Group PLC | 694 | 2,218 | ||||||
Hostelworld Group PLC(b) | 565 | 2,547 | ||||||
IFG Group PLC | 676 | 1,407 | ||||||
Irish Continental Group PLC | 201 | 1,164 | ||||||
Origin Enterprises PLC | 210 | 1,529 | ||||||
Total Produce PLC | 1,003 | 2,482 | ||||||
UDG Healthcare PLC | 145 | 1,631 | ||||||
|
| |||||||
Total Ireland | 18,750 | |||||||
Israel – 3.2% | ||||||||
Amot Investments Ltd. | 1,632 | 8,558 | ||||||
Ashtrom Properties Ltd. | 435 | 2,009 | ||||||
B Communications Ltd. | 179 | 3,103 | ||||||
Delek Automotive Systems Ltd. | 712 | 5,792 | ||||||
Delta-Galil Industries Ltd. | 75 | 2,214 | ||||||
Direct Insurance Financial Investments Ltd. | 111 | 1,196 | ||||||
Discount Investment Corp. Ltd. | 1,503 | 5,961 | ||||||
El Al Israel Airlines | 3,117 | 2,867 | ||||||
Electra Consumer Products 1970 Ltd. | 63 | 1,264 | ||||||
First International Bank of Israel Ltd. | 373 | 6,762 | ||||||
Fox Wizel Ltd. | 52 | 1,093 | ||||||
Gazit-Globe Ltd. | 936 | 9,044 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 612 | 3,625 | ||||||
Inrom Construction Industries Ltd. | 414 | 1,974 | ||||||
Magic Software Enterprises Ltd. | 197 | 1,569 | ||||||
Matrix IT Ltd. | 153 | 1,569 | ||||||
Maytronics Ltd. | 251 | 982 | ||||||
Mediterranean Towers Ltd. | 688 | 1,179 | ||||||
Meitav Dash Investments Ltd. | 322 | 1,332 | ||||||
Melisron Ltd. | 119 | 6,257 | ||||||
Migdal Insurance & Financial Holding Ltd. | 1,967 | 2,103 | ||||||
Oil Refineries Ltd. | 18,338 | 8,072 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 21 | 1,031 | ||||||
Scope Metals Group Ltd. | 58 | 1,832 | ||||||
Sella Capital Real Estate Ltd. | 1,191 | 2,308 | ||||||
Shapir Engineering and Industry Ltd. | 916 | 2,906 | ||||||
Shikun & Binui Ltd. | 1,657 | 4,306 | ||||||
Shufersal Ltd. | 299 | 1,568 | ||||||
Strauss Group Ltd. | 247 | 4,836 | ||||||
|
| |||||||
Total Israel | 97,312 | |||||||
Italy – 4.1% | ||||||||
Anima Holding SpA(b) | 726 | 5,196 | ||||||
Ascopiave SpA | 1,169 | 4,640 | ||||||
Astaldi SpA | 377 | 2,343 | ||||||
ASTM SpA | 273 | 4,711 | ||||||
Banca IFIS SpA | 155 | 6,288 | ||||||
Banca Popolare di Sondrio SCPA | 384 | 1,512 | ||||||
Biesse SpA | 58 | 2,076 | ||||||
BPER Banca | 515 | 2,565 | ||||||
Brunello Cucinelli SpA | 63 | 1,654 | ||||||
Cementir Holding SpA | 275 | 1,637 | ||||||
Cerved Information Solutions SpA | 219 | 2,340 | ||||||
Cofide SpA | 1,311 | 867 | ||||||
Credito Emiliano SpA | 778 | 6,274 |
See Notes to Financial Statements.
50 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
Datalogic SpA | 46 | $ | 1,237 | |||||
Ei Towers SpA | 87 | 5,026 | ||||||
Enav SpA(b) | 2,189 | 9,407 | ||||||
ERG SpA | 536 | 7,526 | ||||||
Falck Renewables SpA | 923 | 1,220 | ||||||
Geox SpA | 486 | 1,600 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 2,393 | 2,104 | ||||||
Italmobiliare SpA | 81 | 2,208 | ||||||
Maire Tecnimont SpA | 609 | 2,826 | ||||||
MARR SpA | 113 | 2,682 | ||||||
OVS SpA(b) | 257 | 1,826 | ||||||
Piaggio & C. SpA | 953 | 2,350 | ||||||
RAI Way SpA(b) | 890 | 4,432 | ||||||
Salini Impregilo SpA | 823 | 2,844 | ||||||
Saras SpA | 5,069 | 11,783 | ||||||
Societa Cattolica di Assicurazioni SCRL | 609 | 4,730 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 657 | 7,235 | ||||||
Technogym SpA(b) | 132 | 1,015 | ||||||
Tod’s SpA | 109 | 6,788 | ||||||
Zignago Vetro SpA | 232 | 1,946 | ||||||
|
| |||||||
Total Italy | 122,888 | |||||||
Japan – 25.0% | ||||||||
77 Bank Ltd. (The) | 1,679 | 8,263 | ||||||
Adastria Co., Ltd. | 100 | 2,786 | ||||||
Aida Engineering Ltd. | 200 | 1,913 | ||||||
Airport Facilities Co., Ltd. | 235 | 1,276 | ||||||
Akita Bank Ltd. (The) | 396 | 1,170 | ||||||
Alpen Co., Ltd. | 100 | 1,783 | ||||||
Alpine Electronics, Inc. | 100 | 1,496 | ||||||
Amano Corp. | 100 | 2,082 | ||||||
AOKI Holdings, Inc. | 200 | 2,536 | ||||||
Aomori Bank Ltd. (The) | 487 | 1,725 | ||||||
Aoyama Trading Co., Ltd. | 200 | 7,129 | ||||||
Arakawa Chemical Industries Ltd. | 5 | 86 | ||||||
Arcland Sakamoto Co., Ltd. | 82 | 1,101 | ||||||
Arcs Co., Ltd. | 100 | 2,164 | ||||||
As One Corp. | 35 | 1,635 | ||||||
Asahi Broadcasting Corp. | 208 | 1,511 | ||||||
Autobacs Seven Co., Ltd. | 200 | 3,247 | ||||||
Avex Group Holdings, Inc. | 100 | 1,339 | ||||||
Awa Bank Ltd. (The) | 350 | 2,380 | ||||||
Bank of Iwate Ltd. (The) | 33 | 1,316 | ||||||
Bank of Nagoya Ltd. (The) | 49 | 1,849 | ||||||
Bank of Okinawa Ltd. (The) | 42 | 1,704 | ||||||
Bell System24 Holdings, Inc. | 201 | 2,061 | ||||||
BP Castrol K.K. | 200 | 3,337 | ||||||
Capcom Co., Ltd. | 100 | 2,370 | ||||||
Chiyoda Co., Ltd. | 100 | 2,619 | ||||||
Citizen Watch Co., Ltd. | 400 | 2,805 | ||||||
COLOPL, Inc.(a) | 100 | 1,013 | ||||||
CONEXIO Corp. | 100 | 1,719 | ||||||
Cosmo Energy Holdings Co., Ltd. | 219 | 3,452 | ||||||
Daihen Corp. | 185 | 1,454 | ||||||
Daiichi Jitsugyo Co., Ltd. | 174 | 951 | ||||||
Daiken Corp. | 182 | 3,910 | ||||||
Daiken Medical Co., Ltd. | 100 | 715 | ||||||
Daikoku Denki Co., Ltd. | 71 | 1,089 | ||||||
Daikyo, Inc. | 1,000 | 2,038 | ||||||
Daikyonishikawa Corp. | 100 | 1,334 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 313 | 2,479 | ||||||
DCM Holdings Co., Ltd. | 134 | 1,175 | ||||||
Denyo Co., Ltd. | 195 | 3,386 | ||||||
Descente Ltd. | 183 | 2,476 | ||||||
Dexerials Corp. | 355 | 3,469 | ||||||
Dip Corp. | 41 | 833 | ||||||
DMG Mori Co., Ltd. | 100 | 1,640 | ||||||
Dowa Holdings Co., Ltd. | 358 | 2,711 | ||||||
Dunlop Sports Co., Ltd. | 100 | 1,003 | ||||||
EDION Corp. | 100 | 908 | ||||||
Eighteenth Bank Ltd. (The) | 1,551 | 4,431 | ||||||
Eiken Chemical Co., Ltd. | 40 | 1,209 | ||||||
Enplas Corp. | 47 | 1,449 | ||||||
Exedy Corp. | 30 | 845 | ||||||
Fancl Corp. | 115 | 2,113 | ||||||
Feed One Co., Ltd. | 845 | 1,722 | ||||||
FIDEA Holdings Co., Ltd. | 519 | 864 | ||||||
Fields Corp. | 100 | 1,074 | ||||||
Financial Products Group Co., Ltd. | 200 | 1,906 | ||||||
Foster Electric Co., Ltd. | 57 | 982 | ||||||
FP Corp. | 159 | 8,604 | ||||||
Fudo Tetra Corp. | 600 | 961 | ||||||
Fuji Corp., Ltd. | 300 | 1,994 | ||||||
Fuji Oil Holdings, Inc. | 100 | 2,312 | ||||||
Fujicco Co., Ltd. | 70 | 1,602 | ||||||
Fujikura Ltd. | 323 | 2,705 | ||||||
Fujimori Kogyo Co., Ltd. | 171 | 5,365 | ||||||
Fujitsu General Ltd. | 49 | 1,136 | ||||||
Fukui Bank Ltd. (The) | 1,591 | 3,979 | ||||||
Fukuyama Transporting Co., Ltd. | 309 | 1,961 | ||||||
Gakkyusha Co., Ltd. | 112 | 1,545 | ||||||
Geo Holdings Corp. | 200 | 2,074 | ||||||
GMO Click Holdings, Inc. | 100 | 705 | ||||||
GMO Internet, Inc. | 100 | 1,298 | ||||||
GS Yuasa Corp. | 1,758 | 7,651 | ||||||
GungHo Online Entertainment, Inc. | 700 | 1,800 | ||||||
Gunma Bank Ltd. (The) | 987 | 5,921 | ||||||
H2O Retailing Corp. | 200 | 3,637 | ||||||
Hakuto Co., Ltd. | 142 | 1,797 | ||||||
Hanwa Co., Ltd. | 1,698 | 12,150 | ||||||
Happinet Corp. | 126 | 2,209 | ||||||
Hard Off Corp. Co., Ltd. | 100 | 1,029 | ||||||
Hazama Ando Corp. | 300 | 1,890 | ||||||
Heiwa Corp. | 349 | 7,781 | ||||||
Hiroshima Bank Ltd. (The) | 1,098 | 4,867 | ||||||
HIS Co., Ltd. | 44 | 1,326 | ||||||
Hitachi Transport System Ltd. | 60 | 1,410 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
Hitachi Zosen Corp. | 300 | $ | 1,476 | |||||
Hokuetsu Industries Co., Ltd. | 389 | 3,549 | ||||||
Hokuhoku Financial Group, Inc. | 206 | 3,284 | ||||||
Hokuriku Electric Power Co.(a) | 400 | 3,606 | ||||||
Horiba Ltd. | 173 | 10,516 | ||||||
Hyakujushi Bank Ltd. (The) | 1,677 | 5,537 | ||||||
Ibiden Co., Ltd. | 210 | 3,615 | ||||||
Ichigo, Inc.(a) | 500 | 1,491 | ||||||
IDOM, Inc. | 100 | 690 | ||||||
Iino Kaiun Kaisha Ltd. | 230 | 985 | ||||||
Imasen Electric Industrial | 186 | 2,175 | ||||||
Itochu Enex Co., Ltd. | 300 | 2,657 | ||||||
Japan Radio Co., Ltd. | 174 | 2,233 | ||||||
Japan Steel Works Ltd. (The) | 100 | 1,565 | ||||||
Japan Transcity Corp. | 275 | 1,114 | ||||||
Japan Wool Textile Co., Ltd. (The) | 384 | 3,202 | ||||||
Jimoto Holdings, Inc. | 700 | 1,271 | ||||||
Joshin Denki Co., Ltd. | 93 | 1,342 | ||||||
K’s Holdings Corp. | 95 | 1,856 | ||||||
Kadokawa Dwango* | 73 | 943 | ||||||
Kamei Corp. | 191 | 2,597 | ||||||
Kandenko Co., Ltd. | 178 | 1,872 | ||||||
Kasai Kogyo Co., Ltd. | 5 | 64 | ||||||
Kato Sangyo Co., Ltd. | 48 | 1,288 | ||||||
Kato Works Co., Ltd. | 64 | 1,800 | ||||||
Keihin Corp. | 100 | 1,364 | ||||||
Keiyo Bank Ltd. (The) | 1,602 | 6,929 | ||||||
Kenedix, Inc. | 236 | 1,113 | ||||||
Kitagawa Iron Works Co., Ltd. | 1 | 21 | ||||||
Kitano Construction Corp. | 1,563 | 4,549 | ||||||
Kitz Corp. | 200 | 1,865 | ||||||
Koa Corp. | 192 | 3,556 | ||||||
Kobe Bussan Co., Ltd. | 36 | 1,704 | ||||||
Koei Tecmo Holdings Co., Ltd. | 100 | 1,983 | ||||||
Kohnan Shoji Co., Ltd. | 100 | 1,863 | ||||||
KOMEDA Holdings Co., Ltd. | 100 | 1,597 | ||||||
Konaka Co., Ltd. | 350 | 1,875 | ||||||
Krosaki Harima Corp. | 493 | 1,900 | ||||||
Kurabo Industries Ltd. | 1,637 | 3,773 | ||||||
Kuroda Electric Co., Ltd. | 100 | 1,960 | ||||||
KYB Corp. | 1,800 | 9,211 | ||||||
KYORIN Holdings, Inc. | 173 | 3,837 | ||||||
Kyoto Kimono Yuzen Co., Ltd. | 232 | 1,937 | ||||||
Kyowa Exeo Corp. | 200 | 3,362 | ||||||
Kyudenko Corp. | 100 | 3,582 | ||||||
Leopalace21 Corp. | 500 | 3,106 | ||||||
Life Corp. | 166 | 4,661 | ||||||
Lintec Corp. | 100 | 2,391 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 152 | 2,220 | ||||||
Maeda Corp. | 141 | 1,554 | ||||||
Maeda Road Construction Co., Ltd. | 142 | 2,833 | ||||||
Makino Milling Machine Co., Ltd. | 252 | 2,079 | ||||||
Mandom Corp. | 21 | 1,138 | ||||||
Mani, Inc. | 54 | 1,412 | ||||||
Marubun Corp. | 184 | 1,289 | ||||||
Matsui Securities Co., Ltd. | 400 | 3,261 | ||||||
Megmilk Snow Brand Co., Ltd. | 154 | 4,290 | ||||||
Meisei Industrial Co., Ltd. | 198 | 1,200 | ||||||
Miraca Holdings, Inc. | 180 | 8,090 | ||||||
Mirait Holdings Corp.(a) | 200 | 2,245 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 1,737 | 4,081 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd. | 1,000 | 1,424 | ||||||
Mitsui Home Co., Ltd. | 302 | 1,989 | ||||||
Miyazaki Bank Ltd. (The) | 1,583 | 5,199 | ||||||
Modec, Inc. | 100 | 2,225 | ||||||
MTI Ltd. | 200 | 1,290 | ||||||
Nachi-Fujikoshi Corp. | 1,623 | 9,201 | ||||||
Nakanishi, Inc. | 39 | 1,581 | ||||||
NEC Networks & System Integration Corp. | 106 | 2,302 | ||||||
NET One Systems Co., Ltd. | 100 | 948 | ||||||
NHK Spring Co., Ltd. | 454 | 4,772 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 100 | 1,559 | ||||||
Nichias Corp. | 149 | 1,723 | ||||||
Nichiha Corp. | 54 | 1,903 | ||||||
Nichireki Co., Ltd. | 187 | 2,208 | ||||||
Nihon House Holdings Co., Ltd. | 427 | 2,010 | ||||||
Nihon Kohden Corp. | 100 | 2,309 | ||||||
Nihon Parkerizing Co., Ltd. | 140 | 2,085 | ||||||
Nihon Unisys Ltd. | 100 | 1,581 | ||||||
Nippo Corp. | 112 | 2,252 | ||||||
Nippon Coke & Engineering Co., Ltd. | 1,974 | 1,722 | ||||||
Nippon Denko Co., Ltd. | 594 | 2,093 | ||||||
Nippon Flour Mills Co., Ltd. | 181 | 2,901 | ||||||
Nippon Kayaku Co., Ltd. | 263 | 3,722 | ||||||
Nippon Koei Co., Ltd. | 173 | 4,912 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 1,200 | 2,852 | ||||||
Nippon Paper Industries Co., Ltd. | 200 | 4,096 | ||||||
Nippon Parking Development Co., Ltd. | 1,591 | 2,308 | ||||||
Nippon Road Co., Ltd. (The) | 393 | 2,071 | ||||||
Nipro Corp. | 190 | 2,477 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 200 | 2,075 | ||||||
Nishimatsu Construction Co., Ltd. | 1,750 | 9,283 | ||||||
Nishimatsuya Chain Co., Ltd. | 100 | 1,025 | ||||||
Nissha Printing Co., Ltd. | 34 | 943 | ||||||
Nisshin Oillio Group Ltd. (The) | 211 | 1,238 | ||||||
Nisshinbo Holdings, Inc. | 300 | 3,044 | ||||||
Nitta Corp. | 156 | 4,852 | ||||||
Noevir Holdings Co., Ltd. | 173 | 8,807 | ||||||
NOF Corp. | 173 | 2,202 | ||||||
Nomura Co., Ltd. | 179 | 4,078 | ||||||
NS Solutions Corp. | 100 | 2,376 | ||||||
NTN Corp. | 924 | 4,260 | ||||||
Obara Group, Inc. | 27 | 1,471 | ||||||
Ohsho Food Service Corp. | 172 | 6,559 | ||||||
Oita Bank Ltd. (The) | 1,665 | 6,402 | ||||||
Okamura Corp. | 100 | 949 | ||||||
Okasan Securities Group, Inc. | 1,790 | 11,486 | ||||||
Oki Electric Industry Co., Ltd. | 200 | 2,834 |
See Notes to Financial Statements.
52 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
OKUMA Corp. | 225 | $ | 2,137 | |||||
Okumura Corp. | 452 | 3,041 | ||||||
Onward Holdings Co., Ltd. | 321 | 2,374 | ||||||
Open House Co., Ltd. | 65 | 2,002 | ||||||
OSG Corp. | 100 | 2,034 | ||||||
PAL GROUP Holdings Co., Ltd. | 45 | 1,169 | ||||||
Penta-Ocean Construction Co., Ltd. | 300 | 1,706 | ||||||
Plenus Co., Ltd. | 100 | 2,112 | ||||||
Prima Meat Packers Ltd. | 289 | 1,698 | ||||||
Rengo Co., Ltd. | 550 | 3,192 | ||||||
Resorttrust, Inc. | 100 | 1,842 | ||||||
Roland DG Corp. | 168 | 3,831 | ||||||
Round One Corp. | 130 | 1,231 | ||||||
Ryoden Corp. | 181 | 1,256 | ||||||
Saizeriya Co., Ltd. | 46 | 1,339 | ||||||
Sakai Chemical Industry Co., Ltd. | 356 | 1,366 | ||||||
Sakata INX Corp. | 180 | 2,868 | ||||||
San-Ai Oil Co., Ltd. | 129 | 1,317 | ||||||
Sankyu, Inc. | 328 | 2,137 | ||||||
Sanoh Industrial Co., Ltd. | 272 | 1,922 | ||||||
Sanrio Co., Ltd. | 200 | 3,925 | ||||||
Sanwa Holdings Corp. | 400 | 4,215 | ||||||
Sanyo Denki Co., Ltd. | 248 | 2,543 | ||||||
Sawai Pharmaceutical Co., Ltd. | 100 | 5,616 | ||||||
Seikagaku Corp. | 161 | 2,682 | ||||||
Seino Holdings Co., Ltd. | 200 | 2,658 | ||||||
Senko Group Holdings Co., Ltd. | 380 | 2,469 | ||||||
SFP Holdings Co., Ltd. | 172 | 2,229 | ||||||
Shiga Bank Ltd. (The) | 420 | 2,164 | ||||||
Shikoku Chemicals Corp. | 112 | 1,376 | ||||||
Shimachu Co., Ltd. | 153 | 3,644 | ||||||
Shinko Plantech Co., Ltd. | 200 | 1,545 | ||||||
Shoei Co., Ltd. | 177 | 4,954 | ||||||
Showa Sangyo Co., Ltd. | 252 | 1,386 | ||||||
SKY Perfect JSAT Holdings, Inc. | 800 | 3,439 | ||||||
Sotetsu Holdings, Inc. | 1,000 | 4,957 | ||||||
Starts Corp., Inc. | 100 | 2,377 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 1,366 | 1,459 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 25 | 1,226 | ||||||
T-Gaia Corp. | 200 | 3,795 | ||||||
Tadano Ltd. | 127 | 1,525 | ||||||
Taiho Kogyo Co., Ltd. | 7 | 88 | ||||||
Taiyo Holdings Co., Ltd. | 159 | 7,146 | ||||||
Takara Holdings, Inc. | 200 | 2,083 | ||||||
Takara Leben Co., Ltd. | 300 | 1,346 | ||||||
Takeuchi Manufacturing Co., Ltd. | 153 | 2,800 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 568 | 3,448 | ||||||
TechnoPro Holdings, Inc. | 73 | 2,937 | ||||||
TOA Corp. | 116 | 1,115 | ||||||
Tocalo Co., Ltd. | 88 | 2,898 | ||||||
Tochigi Bank Ltd. (The) | 244 | 1,034 | ||||||
Toda Corp. | 404 | 2,517 | ||||||
Toho Bank Ltd. (The) | 1,614 | 5,674 | ||||||
TOKAI Holdings Corp. | 200 | 1,493 | ||||||
Tokai Rika Co., Ltd. | 200 | 3,679 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 318 | 1,763 | ||||||
Tokyo Dome Corp. | 229 | 2,071 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 157 | 1,329 | ||||||
Tokyo TY Financial Group, Inc. | 48 | 1,322 | ||||||
Tokyotokeiba Co., Ltd. | 180 | 4,592 | ||||||
Tokyu Construction Co., Ltd. | 100 | 819 | ||||||
TOMONY Holdings, Inc. | 401 | 1,952 | ||||||
Toshiba Machine Co., Ltd. | 452 | 2,027 | ||||||
Toshiba Plant Systems & Services Corp. | 100 | 1,577 | ||||||
Totetsu Kogyo Co., Ltd. | 45 | 1,376 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 1,644 | 8,633 | ||||||
Toyo Tire & Rubber Co., Ltd. | 237 | 4,828 | ||||||
Toyobo Co., Ltd. | 1,870 | 3,428 | ||||||
Trusco Nakayama Corp. | 100 | 2,388 | ||||||
TS Tech Co., Ltd. | 184 | 5,355 | ||||||
Tsubaki Nakashima Co., Ltd. | 193 | 3,733 | ||||||
Tsubakimoto Chain Co. | 283 | 2,438 | ||||||
Tsugami Corp. | 233 | 1,671 | ||||||
Tsumura & Co. | 113 | 4,586 | ||||||
UACJ Corp. | 520 | 1,425 | ||||||
Ube Industries Ltd. | 1,000 | 2,572 | ||||||
UKC Holdings Corp. | 154 | 2,590 | ||||||
Universal Entertainment Corp.(a) | 100 | 3,057 | ||||||
Valor Holdings Co., Ltd. | 100 | 2,269 | ||||||
Vital KSK Holdings, Inc. | 100 | 814 | ||||||
VT Holdings Co., Ltd. | 200 | 986 | ||||||
Wacoal Holdings Corp. | 269 | 3,637 | ||||||
Yamagata Bank Ltd. (The) | 343 | 1,535 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 419 | 1,768 | ||||||
Yamatane Corp. | 100 | 1,461 | ||||||
Yokohama Reito Co., Ltd.(a) | 200 | 1,887 | ||||||
Yondoshi Holdings, Inc. | 42 | 1,047 | ||||||
Yumeshin Holdings Co., Ltd. | 400 | 2,659 | ||||||
Yushin Precision Equipment Co., Ltd. | 49 | 1,206 | ||||||
Zeon Corp. | 270 | 2,876 | ||||||
Zojirushi Corp. | 100 | 1,140 | ||||||
|
| |||||||
Total Japan | 751,733 | |||||||
Netherlands – 1.8% | ||||||||
Accell Group | 72 | 2,356 | ||||||
Amsterdam Commodities N.V. | 113 | 3,671 | ||||||
BE Semiconductor Industries N.V. | 168 | 8,958 | ||||||
Beter Bed Holding N.V. | 83 | 1,493 | ||||||
BinckBank N.V. | 488 | 2,466 | ||||||
Corbion N.V. | 185 | 5,908 | ||||||
Flow Traders(b) | 104 | 2,865 | ||||||
ForFarmers N.V. | 227 | 2,553 | ||||||
Intertrust N.V.(b) | 232 | 4,698 | ||||||
Koninklijke BAM Groep N.V. | 386 | 2,097 | ||||||
PostNL N.V. | 1,173 | 5,468 | ||||||
Refresco Group N.V.(b) | 102 | 2,079 | ||||||
SIF Holding N.V. | 66 | 1,414 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 53 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
TKH Group N.V. CVA | 115 | $ | 6,380 | |||||
Wessanen | 49 | 829 | ||||||
|
| |||||||
Total Netherlands | 53,235 | |||||||
New Zealand – 4.6% | ||||||||
Air New Zealand Ltd. | 7,078 | 16,895 | ||||||
Chorus Ltd. | 1,706 | 5,783 | ||||||
Contact Energy Ltd. | 3,032 | 11,566 | ||||||
EBOS Group Ltd. | 508 | 6,509 | ||||||
Fonterra Co-operative Group Ltd. | 38 | 167 | ||||||
Freightways Ltd. | 693 | 3,887 | ||||||
Genesis Energy Ltd. | 6,202 | 11,035 | ||||||
Heartland Bank Ltd. | 2,963 | 3,862 | ||||||
Infratil Ltd. | 1,857 | 4,045 | ||||||
Investore Property Ltd. | 1,309 | 1,323 | ||||||
Kathmandu Holdings Ltd. | 1,636 | 2,444 | ||||||
Kiwi Property Group Ltd. | 5,463 | 5,640 | ||||||
Mainfreight Ltd. | 245 | 4,216 | ||||||
Metlifecare Ltd. | 221 | 869 | ||||||
Metro Performance Glass Ltd. | 1,634 | 1,651 | ||||||
Michael Hill International Ltd. | 1,899 | 1,617 | ||||||
New Zealand Refining Co., Ltd. (The) | 1,201 | 2,146 | ||||||
NZME Ltd. | 2,323 | 1,548 | ||||||
NZX Ltd. | 4,225 | 3,465 | ||||||
Port of Tauranga Ltd. | 1,184 | 3,858 | ||||||
Restaurant Brands New Zealand Ltd. | 396 | 1,815 | ||||||
Sanford Ltd. | 244 | 1,250 | ||||||
Scales Corp. Ltd. | 739 | 1,796 | ||||||
Skellerup Holdings Ltd. | 1,119 | 1,393 | ||||||
SKY Network Television Ltd. | 2,910 | 7,351 | ||||||
SKYCITY Entertainment Group Ltd. | 2,704 | 8,078 | ||||||
Steel & Tube Holdings Ltd. | 604 | 1,119 | ||||||
Summerset Group Holdings Ltd. | 287 | 998 | ||||||
Tegel Group Holdings Ltd. | 2,054 | 1,895 | ||||||
Tourism Holdings Ltd. | 515 | 1,584 | ||||||
Trade Me Group Ltd. | 1,583 | 6,178 | ||||||
Trustpower Ltd. | 1,013 | 4,027 | ||||||
Z Energy Ltd. | 1,621 | 9,376 | ||||||
|
| |||||||
Total New Zealand | 139,386 | |||||||
Norway – 3.1% | ||||||||
ABG Sundal Collier Holding ASA | 4,461 | 2,860 | ||||||
American Shipping Co. ASA* | 822 | 2,443 | ||||||
Arcus ASA(b) | 471 | 2,631 | ||||||
Atea ASA* | 634 | 8,477 | ||||||
Austevoll Seafood ASA | 525 | 4,450 | ||||||
Borregaard ASA | 164 | 2,016 | ||||||
Ekornes ASA | 251 | 3,446 | ||||||
Entra ASA(b) | 522 | 6,481 | ||||||
Europris ASA(b) | 1,199 | 5,153 | ||||||
Grieg Seafood ASA | 637 | 4,426 | ||||||
Norway Royal Salmon ASA | 263 | 4,003 | ||||||
Ocean Yield ASA | 793 | 6,177 | ||||||
Protector Forsikring ASA | 225 | 1,880 | ||||||
Scatec Solar ASA(b) | 268 | 1,513 | ||||||
Selvaag Bolig ASA | 368 | 1,415 | ||||||
Skandiabanken ASA(b) | 122 | 1,151 | ||||||
SpareBank 1 Nord Norge | 429 | 2,906 | ||||||
SpareBank 1 SMN | 509 | 4,360 | ||||||
SpareBank 1 SR-Bank ASA | 780 | 6,658 | ||||||
Sparebanken Vest | 453 | 2,798 | ||||||
TGS Nopec Geophysical Co. ASA | 302 | 6,169 | ||||||
Tomra Systems ASA | 344 | 4,189 | ||||||
Veidekke ASA | 414 | 5,387 | ||||||
Weifa ASA | 472 | 1,606 | ||||||
|
| |||||||
Total Norway | 92,595 | |||||||
Portugal – 1.3% | ||||||||
Altri, SGPS, S.A. | 478 | 2,200 | ||||||
Corticeira Amorim, SGPS, S.A. | 140 | 2,054 | ||||||
CTT-Correios de Portugal S.A. | 911 | 5,759 | ||||||
Mota-Engil, SGPS, S.A. | 589 | 1,632 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 3,435 | 10,739 | ||||||
Semapa-Sociedade de Investimento e Gestao | 217 | 4,201 | ||||||
Sonae Capital, SGPS, S.A. | 2,536 | 2,606 | ||||||
Sonae, SGPS, S.A. | 8,003 | 8,891 | ||||||
|
| |||||||
Total Portugal | 38,082 | |||||||
Singapore – 3.8% | ||||||||
Accordia Golf Trust | 4,465 | 2,319 | ||||||
Asian Pay Television Trust | 2,101 | 870 | ||||||
Boustead Singapore Ltd. | 2,185 | 1,396 | ||||||
Bukit Sembawang Estates Ltd. | 1,100 | 5,249 | ||||||
Centurion Corp. Ltd. | 4,900 | 1,744 | ||||||
China Aviation Oil Singapore Corp., Ltd. | 1,034 | 1,254 | ||||||
Chip Eng Seng Corp., Ltd. | 5,705 | 3,004 | ||||||
CITIC Envirotech Ltd. | 3,000 | 1,591 | ||||||
CWT Ltd. | 1,200 | 1,944 | ||||||
Far East Orchard Ltd. | 2,100 | 2,395 | ||||||
First Resources Ltd. | 927 | 1,276 | ||||||
Geo Energy Resources Ltd. | 5,400 | 980 | ||||||
GuocoLand Ltd. | 4,000 | 5,491 | ||||||
Ho Bee Land Ltd. | 1,200 | 2,039 | ||||||
Hong Fok Corp., Ltd. | 2,100 | 1,205 | ||||||
iFAST Corp. Ltd. | 2,000 | 1,489 | ||||||
Indofood Agri Resources Ltd. | 3,600 | 1,255 | ||||||
Japfa Ltd. | 4,300 | 2,014 | ||||||
Keppel Infrastructure Trust | 23,661 | 9,709 | ||||||
Keppel Telecommunications & Transportation Ltd. | 1,800 | 2,268 | ||||||
KSH Holdings Ltd. | 1,700 | 1,130 | ||||||
Lian Beng Group Ltd. | 4,700 | 2,048 | ||||||
M1 Ltd. | 615 | 974 | ||||||
OUE Ltd. | 2,200 | 3,132 | ||||||
Oxley Holdings Ltd. | 5,700 | 2,401 | ||||||
Q&M Dental Group Singapore Ltd. | 3,300 | 1,618 | ||||||
QAF Ltd. | 2,600 | 2,398 | ||||||
Raffles Medical Group Ltd. | 3,600 | 3,504 | ||||||
RHT Health Trust | 2,568 | 1,669 | ||||||
Sembcorp Marine Ltd. | 2,703 | 3,229 | ||||||
Sheng Siong Group Ltd. | 6,500 | 4,674 |
See Notes to Financial Statements.
54 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
SIIC Environment Holdings Ltd. | 6,100 | $ | 2,304 | |||||
Singapore Post Ltd. | 9,300 | 8,983 | ||||||
Talkmed Group Ltd. | 2,000 | 973 | ||||||
UMS Holdings Ltd. | 1,800 | 1,314 | ||||||
United Engineers Ltd. | 2,400 | 4,776 | ||||||
UPP Holdings Ltd. | 6,000 | 1,177 | ||||||
Venture Corp., Ltd. | 708 | 6,196 | ||||||
Wheelock Properties Singapore Ltd. | 3,200 | 4,358 | ||||||
Wing Tai Holdings Ltd. | 2,200 | 3,180 | ||||||
Yanlord Land Group Ltd. | 3,709 | 4,728 | ||||||
|
| |||||||
Total Singapore | 114,258 | |||||||
Spain – 1.0% | ||||||||
Applus Services S.A. | 94 | 1,181 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 61 | 2,502 | ||||||
Elecnor S.A. | 183 | 2,526 | ||||||
Ence Energia y Celulosa S.A. | 449 | 1,838 | ||||||
Euskaltel S.A.(b) | 275 | 2,922 | ||||||
Faes Farma S.A. | 831 | 2,758 | ||||||
Fluidra S.A. | 154 | 1,124 | ||||||
Papeles y Cartones de Europa S.A. | 114 | 975 | ||||||
Saeta Yield S.A. | 612 | 6,911 | ||||||
Tecnicas Reunidas S.A. | 182 | 7,030 | ||||||
|
| |||||||
Total Spain | 29,767 | |||||||
Sweden – 5.1% | ||||||||
Acando AB | 347 | 1,086 | ||||||
AddTech AB Class B | 120 | 2,283 | ||||||
AF AB Class B | 203 | 4,190 | ||||||
Alimak Group AB(b) | 114 | 1,892 | ||||||
Atrium Ljungberg AB Class B | 253 | 4,214 | ||||||
Attendo AB(b) | 188 | 2,289 | ||||||
Bergman & Beving AB Class B | 89 | 1,311 | ||||||
Betsson AB* | 637 | 5,513 | ||||||
Bilia AB Class A | 176 | 1,737 | ||||||
BioGaia AB Class B | 37 | 1,502 | ||||||
Bonava AB Class B | 131 | 2,238 | ||||||
Bravida Holding AB(b) | 162 | 1,182 | ||||||
Bulten AB | 62 | 882 | ||||||
Byggmax Group AB | 391 | 2,839 | ||||||
Capio AB(b) | 232 | 1,417 | ||||||
Clas Ohlson AB Class B | 285 | 5,474 | ||||||
Cloetta AB Class B | 266 | 1,094 | ||||||
Com Hem Holding AB | 196 | 2,719 | ||||||
Coor Service Management Holding AB(b) | 357 | 2,540 | ||||||
Dometic Group AB(b) | 708 | 6,144 | ||||||
Duni AB | 262 | 3,828 | ||||||
Dustin Group AB(b) | 122 | 1,013 | ||||||
Evolution Gaming Group AB(b) | 22 | 1,149 | ||||||
Granges AB | 204 | 1,874 | ||||||
Gunnebo AB | 306 | 1,691 | ||||||
Hemfosa Fastigheter AB | 726 | 7,833 | ||||||
HIQ International AB* | 318 | 2,158 | ||||||
Intrum Justitia AB(a) | 211 | 7,155 | ||||||
Inwido AB | 57 | 801 | ||||||
KNOW IT AB | 67 | 1,031 | ||||||
Kungsleden AB | 396 | 2,423 | ||||||
LeoVegas AB(b) | 150 | 1,103 | ||||||
Lifco AB Class B | 101 | 3,243 | ||||||
Lindab International AB | 73 | 795 | ||||||
Loomis AB Class B | 191 | 6,839 | ||||||
Magnolia Bostad AB | 137 | 1,482 | ||||||
Mekonomen AB | 89 | 1,762 | ||||||
Modern Times Group MTG AB Class B | 263 | 9,043 | ||||||
MQ Holding AB | 573 | 2,235 | ||||||
Mycronic AB | 248 | 2,257 | ||||||
NetEnt AB* | 390 | 3,405 | ||||||
New Wave Group AB Class B | 194 | 1,305 | ||||||
Nobina AB(b) | 491 | 2,660 | ||||||
Nolato AB Class B | 79 | 2,964 | ||||||
Nordax Group AB(b) | 399 | 2,129 | ||||||
Nordic Waterproofing Holding A/S(b) | 150 | 1,730 | ||||||
NP3 Fastigheter AB | 448 | 2,491 | ||||||
Paradox Interactive AB | 149 | 1,215 | ||||||
Platzer Fastigheter Holding AB Class B | 277 | 1,683 | ||||||
Pricer AB Class B | 1,205 | 1,407 | ||||||
Ratos AB Class B | 170 | 810 | ||||||
Recipharm AB Class B | 97 | 1,415 | ||||||
Resurs Holding AB(b) | 1,040 | 6,449 | ||||||
Scandic Hotels Group AB(b) | 225 | 2,921 | ||||||
Systemair AB | 76 | 1,325 | ||||||
Thule Group AB(b) | 65 | 1,218 | ||||||
Wihlborgs Fastigheter AB | 271 | 5,719 | ||||||
|
| |||||||
Total Sweden | 153,107 | |||||||
Switzerland – 1.4% | ||||||||
Ascom Holding AG Registered Shares | 153 | 3,131 | ||||||
Bobst Group S.A. | 23 | 2,217 | ||||||
Daetwyler Holding AG Bearer Shares | 20 | 3,398 | ||||||
EFG International AG* | 1,103 | 7,153 | ||||||
GAM Holding AG* | 783 | 10,507 | ||||||
Implenia AG Registered Shares | 25 | 1,874 | ||||||
Kudelski S.A. Bearer Shares | 54 | 922 | ||||||
Mobilezone Holding AG Registered Shares | 58 | 854 | ||||||
Oriflame Holding AG* | 141 | 5,293 | ||||||
Tecan Group AG Registered Shares | 12 | 2,259 | ||||||
Valiant Holding AG Registered Shares | 17 | 1,958 | ||||||
Zehnder Group AG | 39 | 1,421 | ||||||
|
| |||||||
Total Switzerland | 40,987 | |||||||
United Kingdom – 16.5% | ||||||||
A.G. Barr PLC | 172 | 1,376 | ||||||
AA PLC | 2,836 | 8,399 | ||||||
Abcam PLC | 127 | 1,606 | ||||||
Acacia Mining PLC | 907 | 3,510 | ||||||
Acal PLC | 525 | 2,065 | ||||||
Ascential PLC | 754 | 3,169 | ||||||
AVEVA Group PLC | 60 | 1,512 | ||||||
Balfour Beatty PLC | 1,048 | 3,684 | ||||||
BCA Marketplace PLC | 2,894 | 7,312 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 55 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
Berendsen PLC | 456 | $ | 7,286 | |||||
BGEO Group PLC | 58 | 2,632 | ||||||
Big Yellow Group PLC | 306 | 3,148 | ||||||
Bodycote PLC | 378 | 3,700 | ||||||
Bovis Homes Group PLC | 256 | 3,177 | ||||||
Braemar Shipping Services PLC | 432 | 1,571 | ||||||
Brewin Dolphin Holdings PLC | 1,286 | 5,725 | ||||||
Britvic PLC | 1,125 | 10,112 | ||||||
Card Factory PLC | 203 | 784 | ||||||
Central Asia Metals PLC | 1,037 | 2,963 | ||||||
Chesnara PLC | 623 | 3,132 | ||||||
Cineworld Group PLC | 350 | 3,192 | ||||||
Clarkson PLC | 51 | 1,673 | ||||||
Clinigen Group PLC | 98 | 1,096 | ||||||
Clipper Logistics PLC | 240 | 1,268 | ||||||
CMC Markets PLC(b) | 1,723 | 3,195 | ||||||
Coats Group PLC | 1,792 | 1,816 | ||||||
Communisis PLC | 2,519 | 1,669 | ||||||
Concentric AB | 74 | 1,211 | ||||||
Consort Medical PLC | 242 | 3,285 | ||||||
Costain Group PLC | 452 | 2,708 | ||||||
Countryside Properties PLC(b) | 1,075 | 4,762 | ||||||
Cranswick PLC | 47 | 1,712 | ||||||
Crest Nicholson Holdings PLC | 161 | 1,095 | ||||||
Dairy Crest Group PLC(a) | 777 | 6,046 | ||||||
De La Rue PLC | 635 | 5,510 | ||||||
Dechra Pharmaceuticals PLC | 79 | 1,745 | ||||||
Devro PLC | 809 | 2,170 | ||||||
Dignity PLC | 111 | 3,584 | ||||||
Diploma PLC | 140 | 2,009 | ||||||
Domino’s Pizza Group PLC | 1,502 | 5,734 | ||||||
Drax Group PLC | 517 | 2,187 | ||||||
Dunelm Group PLC | 961 | 7,509 | ||||||
Elegant Hotels Group PLC | 1,850 | 2,199 | ||||||
Elementis PLC | 2,425 | 9,264 | ||||||
EMIS Group PLC | 317 | 3,794 | ||||||
Epwin Group PLC | 985 | 1,407 | ||||||
Equiniti Group PLC(b) | 1,095 | 3,552 | ||||||
Essentra PLC | 852 | 6,247 | ||||||
esure Group PLC | 1,942 | 7,611 | ||||||
Eurocell PLC | 544 | 1,855 | ||||||
Euromoney Institutional Investor PLC | 243 | 3,387 | ||||||
FDM Group Holdings PLC | 155 | 1,529 | ||||||
Fenner PLC | 744 | 2,766 | ||||||
Ferrexpo PLC | 706 | 1,902 | ||||||
Fevertree Drinks PLC | 44 | 974 | ||||||
Fidessa Group PLC | 65 | 1,956 | ||||||
Forterra PLC(b) | 459 | 1,523 | ||||||
Games Workshop Group PLC | 239 | 3,725 | ||||||
Gamma Communications PLC | 167 | 1,334 | ||||||
Gattaca PLC | 389 | 1,579 | ||||||
Genus PLC | 44 | 1,017 | ||||||
Go-Ahead Group PLC | 158 | 3,610 | ||||||
Greggs PLC | 449 | 6,299 | ||||||
Halfords Group PLC | 449 | 1,995 | ||||||
Hastings Group Holdings PLC(b) | 1,839 | 7,498 | ||||||
Helical PLC | 426 | 1,664 | ||||||
Henry Boot PLC | 345 | 1,362 | ||||||
Hill & Smith Holdings PLC | 125 | 2,241 | ||||||
Hilton Food Group PLC | 254 | 2,435 | ||||||
Hochschild Mining PLC | 337 | 1,200 | ||||||
Ibstock PLC(b) | 1,210 | 3,860 | ||||||
J D Wetherspoon PLC | 91 | 1,153 | ||||||
James Fisher & Sons PLC | 41 | 867 | ||||||
John Laing Group PLC(b) | 470 | 1,850 | ||||||
John Menzies PLC | 373 | 3,416 | ||||||
Just Group PLC | 172 | 284 | ||||||
Kainos Group PLC | 480 | 1,688 | ||||||
Kcom Group PLC | 3,159 | 3,652 | ||||||
Keller Group PLC | 111 | 1,266 | ||||||
Lookers PLC | 1,745 | 2,601 | ||||||
Low & Bonar PLC | 1,903 | 2,101 | ||||||
Marshalls PLC | 328 | 1,598 | ||||||
McBride PLC* | 749 | 1,822 | ||||||
McCarthy & Stone PLC(b) | 1,596 | 3,414 | ||||||
McColl’s Retail Group PLC | 1,041 | 2,704 | ||||||
Mears Group PLC | 514 | 3,175 | ||||||
Mitie Group PLC | 1,468 | 5,274 | ||||||
Moneysupermarket.com Group PLC | 1,648 | 7,572 | ||||||
Morgan Advanced Materials PLC | 639 | 2,355 | ||||||
Morgan Sindall Group PLC | 128 | 2,062 | ||||||
N Brown Group PLC | 826 | 3,326 | ||||||
National Express Group PLC | 2,159 | 10,275 | ||||||
NCC Group PLC | 912 | 1,940 | ||||||
Northgate PLC | 536 | 3,085 | ||||||
Novae Group PLC | 438 | 3,243 | ||||||
Numis Corp. PLC | 558 | 1,774 | ||||||
On the Beach Group PLC(b) | 174 | 880 | ||||||
OneSavings Bank PLC | 328 | 1,598 | ||||||
Oxford Instruments PLC | 61 | 830 | ||||||
Pagegroup PLC | 1,726 | 10,667 | ||||||
Pan African Resources PLC | 9,616 | 1,717 | ||||||
PayPoint PLC | 138 | 1,586 | ||||||
Pendragon PLC | 7,671 | 3,089 | ||||||
Pets at Home Group PLC(a) | 2,512 | 5,257 | ||||||
Photo-Me International PLC | 456 | 980 | ||||||
Polar Capital Holdings PLC | 558 | 3,207 | ||||||
Polypipe Group PLC | 592 | 2,940 | ||||||
PZ Cussons PLC | 658 | 2,925 | ||||||
QinetiQ Group PLC | 1,806 | 6,339 | ||||||
Rank Group PLC | 1,760 | 5,423 | ||||||
Redde PLC | 2,169 | 4,564 | ||||||
Redrow PLC | 870 | 6,182 | ||||||
Ricardo PLC | 153 | 1,544 | ||||||
Rotork PLC | 1,939 | 5,929 | ||||||
RPS Group PLC | 899 | 3,060 | ||||||
RWS Holdings PLC | 317 | 1,565 | ||||||
Safestore Holdings PLC | 655 | 3,585 |
See Notes to Financial Statements.
56 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Investments | Shares | Value | ||||||
Savills PLC | 508 | $ | 5,797 | |||||
SDL PLC | 231 | 1,869 | ||||||
Senior PLC | 614 | 1,871 | ||||||
Servelec Group PLC | 355 | 1,388 | ||||||
Severfield PLC | 1,150 | 1,158 | ||||||
Shawbrook Group PLC(b) | 232 | 1,022 | ||||||
Soco International PLC | 2,032 | 3,082 | ||||||
Softcat PLC | 441 | 2,259 | ||||||
Sophos Group PLC(b) | 257 | 1,480 | ||||||
Spirent Communications PLC | 833 | 1,263 | ||||||
St. Modwen Properties PLC | 530 | 2,471 | ||||||
Stock Spirits Group PLC | 1,125 | 2,484 | ||||||
SuperGroup PLC | 237 | 4,602 | ||||||
Synthomer PLC | 381 | 2,416 | ||||||
TalkTalk Telecom Group PLC | 8,018 | 18,799 | ||||||
TBC Bank Group PLC | 117 | 2,407 | ||||||
Ted Baker PLC | 133 | 4,129 | ||||||
Telecom Plus PLC | 137 | 2,055 | ||||||
Telit Communications PLC | 310 | 1,256 | ||||||
Thomas Cook Group PLC | 1,522 | 1,778 | ||||||
Topps Tiles PLC | 1,449 | 1,553 | ||||||
TT electronics PLC | 696 | 1,747 | ||||||
Tyman PLC | 704 | 3,242 | ||||||
Ultra Electronics Holdings PLC | 217 | 5,773 | ||||||
Unite Group PLC (The) | 380 | 3,203 | ||||||
Utilitywise PLC | 819 | 761 | ||||||
Vedanta Resources PLC | 1,190 | 9,924 | ||||||
Vesuvius PLC | 597 | 4,114 | ||||||
Victrex PLC | 183 | 4,459 | ||||||
Volution Group PLC | 819 | 2,037 | ||||||
Watkin Jones PLC | 794 | 2,045 | ||||||
WH Smith PLC | 403 | 8,978 | ||||||
Wincanton PLC | 502 | 1,630 | ||||||
WS Atkins PLC | 105 | 2,838 | ||||||
ZPG PLC(b) | 646 | 3,036 | ||||||
|
| |||||||
Total United Kingdom | 497,114 | |||||||
TOTAL COMMON STOCKS (Cost: $2,747,643) | 3,010,456 | |||||||
RIGHTS – 0.0% | ||||||||
Australia – 0.0% | ||||||||
Collins Foods Ltd., expiring 7/12/17* | 25 | 26 | ||||||
Link Administration Holdings Ltd., expiring 7/17/17* | 239 | 210 | ||||||
|
| |||||||
Total Australia | 236 | |||||||
New Zealand – 0.0% | ||||||||
Kiwi Property Group Ltd., expiring 7/10/17* | 497 | 19 | ||||||
TOTAL RIGHTS (Cost: $0) | 255 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3% | ||||||||
United States – 2.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c) | ||||||||
(Cost: $70,484)(d) | 70,484 | $ | 70,484 | |||||
TOTAL INVESTMENTS IN SECURITIES – 102.3% (Cost: $2,818,127) | 3,081,195 | |||||||
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (2.3)% | (68,994 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 3,012,201 |
† | 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 $96, which represents less than 0.01% of net assets. |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (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, 2017. |
(d) | At June 30, 2017, the total market value of the Fund’s securities on loan was $80,353 and the total market value of the collateral held by the Fund was $85,243. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,759. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2017 | AUD | 24,054 | USD | 17,898 | $ | (553 | ) | |||||||||||||
7/5/2017 | AUD | 24,055 | USD | 17,898 | (554 | ) | ||||||||||||||
7/5/2017 | AUD | 24,062 | USD | 17,898 | (559 | ) | ||||||||||||||
7/5/2017 | AUD | 24,056 | USD | 17,898 | (554 | ) | ||||||||||||||
7/5/2017 | AUD | 18,329 | USD | 13,637 | (422 | ) | ||||||||||||||
7/5/2017 | AUD | 115,470 | USD | 85,222 | (3,349 | ) | ||||||||||||||
7/5/2017 | CHF | 3,451 | USD | 3,575 | (29 | ) | ||||||||||||||
7/5/2017 | CHF | 3,451 | USD | 3,575 | (29 | ) | ||||||||||||||
7/5/2017 | CHF | 3,452 | USD | 3,575 | (29 | ) | ||||||||||||||
7/5/2017 | CHF | 3,451 | USD | 3,575 | (29 | ) | ||||||||||||||
7/5/2017 | CHF | 2,633 | USD | 2,727 | (22 | ) | ||||||||||||||
7/5/2017 | CHF | 16,475 | USD | 17,026 | (178 | ) | ||||||||||||||
7/5/2017 | DKK | 9,424 | USD | 1,427 | (19 | ) | ||||||||||||||
7/5/2017 | DKK | 9,423 | USD | 1,427 | (18 | ) | ||||||||||||||
7/5/2017 | DKK | 9,423 | USD | 1,427 | (19 | ) | ||||||||||||||
7/5/2017 | DKK | 9,423 | USD | 1,427 | (19 | ) | ||||||||||||||
7/5/2017 | DKK | 7,185 | USD | 1,088 | (14 | ) | ||||||||||||||
7/5/2017 | DKK | 44,965 | USD | 6,796 | (102 | ) | ||||||||||||||
7/5/2017 | EUR | 21,583 | USD | 24,313 | (303 | ) | ||||||||||||||
7/5/2017 | EUR | 21,583 | USD | 24,313 | (303 | ) | ||||||||||||||
7/5/2017 | EUR | 21,582 | USD | 24,313 | (303 | ) | ||||||||||||||
7/5/2017 | EUR | 21,586 | USD | 24,313 | (307 | ) | ||||||||||||||
7/5/2017 | EUR | 16,448 | USD | 18,528 | (231 | ) | ||||||||||||||
7/5/2017 | EUR | 102,970 | USD | 115,771 | (1,671 | ) | ||||||||||||||
7/5/2017 | GBP | 19,086 | USD | 24,666 | (126 | ) | ||||||||||||||
7/5/2017 | GBP | 19,086 | USD | 24,666 | (126 | ) | ||||||||||||||
7/5/2017 | GBP | 19,087 | USD | 24,666 | (127 | ) | ||||||||||||||
7/5/2017 | GBP | 19,086 | USD | 24,666 | (126 | ) | ||||||||||||||
7/5/2017 | GBP | 14,544 | USD | 18,795 | (97 | ) | ||||||||||||||
7/5/2017 | GBP | 90,953 | USD | 117,449 | (694 | ) |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 57 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2017 | ILS | 16,236 | USD | 4,592 | $ | (60 | ) | |||||||||||||
7/5/2017 | ILS | 16,236 | USD | 4,592 | (61 | ) | ||||||||||||||
7/5/2017 | ILS | 16,238 | USD | 4,592 | (61 | ) | ||||||||||||||
7/5/2017 | ILS | 16,237 | USD | 4,592 | (61 | ) | ||||||||||||||
7/5/2017 | ILS | 12,392 | USD | 3,503 | (48 | ) | ||||||||||||||
7/5/2017 | ILS | 77,596 | USD | 21,870 | (366 | ) | ||||||||||||||
7/5/2017 | JPY | 367,535 | AUD | 4,250 | (11 | ) | ||||||||||||||
7/5/2017 | JPY | 35,074 | CHF | 299 | — | |||||||||||||||
7/5/2017 | JPY | 21,248 | DKK | 1,230 | — | |||||||||||||||
7/5/2017 | JPY | 32,111 | EUR | 250 | (1 | ) | ||||||||||||||
7/5/2017 | JPY | 36,627 | GBP | 250 | (1 | ) | ||||||||||||||
7/5/2017 | JPY | 42,542 | ILS | 1,320 | — | |||||||||||||||
7/5/2017 | JPY | 56,885 | NOK | 4,220 | (3 | ) | ||||||||||||||
7/5/2017 | JPY | 182,912 | NZD | 2,220 | (2 | ) | ||||||||||||||
7/5/2017 | JPY | 259,459 | SEK | 19,425 | (6 | ) | ||||||||||||||
7/5/2017 | JPY | 24,503 | SGD | 300 | — | |||||||||||||||
7/5/2017 | JPY | 7,901,506 | USD | 71,556 | 1,233 | |||||||||||||||
7/5/2017 | JPY | 7,901,413 | USD | 71,556 | 1,234 | |||||||||||||||
7/5/2017 | JPY | 7,902,172 | USD | 71,556 | 1,227 | |||||||||||||||
7/5/2017 | JPY | 7,901,456 | USD | 71,556 | 1,233 | |||||||||||||||
7/5/2017 | JPY | 6,020,549 | USD | 54,523 | 940 | |||||||||||||||
7/5/2017 | JPY | 37,854,775 | USD | 340,720 | 3,814 | |||||||||||||||
7/5/2017 | NOK | 79,569 | USD | 9,452 | (47 | ) | ||||||||||||||
7/5/2017 | NOK | 79,573 | USD | 9,452 | (47 | ) | ||||||||||||||
7/5/2017 | NOK | 79,574 | USD | 9,452 | (47 | ) | ||||||||||||||
7/5/2017 | NOK | 79,571 | USD | 9,452 | (47 | ) | ||||||||||||||
7/5/2017 | NOK | 60,664 | USD | 7,206 | (36 | ) | ||||||||||||||
7/5/2017 | NOK | 379,919 | USD | 45,010 | (345 | ) | ||||||||||||||
7/5/2017 | NZD | 7,453 | USD | 5,286 | (171 | ) | ||||||||||||||
7/5/2017 | NZD | 7,453 | USD | 5,286 | (171 | ) | ||||||||||||||
7/5/2017 | NZD | 7,453 | USD | 5,286 | (171 | ) | ||||||||||||||
7/5/2017 | NZD | 7,453 | USD | 5,286 | (171 | ) | ||||||||||||||
7/5/2017 | NZD | 5,681 | USD | 4,029 | (131 | ) | ||||||||||||||
7/5/2017 | NZD | 35,628 | USD | 25,171 | (916 | ) | ||||||||||||||
7/5/2017 | SEK | 77,093 | USD | 8,904 | (236 | ) | ||||||||||||||
7/5/2017 | SEK | 77,094 | USD | 8,904 | (236 | ) | ||||||||||||||
7/5/2017 | SEK | 77,092 | USD | 8,904 | (236 | ) | ||||||||||||||
7/5/2017 | SEK | 77,093 | USD | 8,904 | (236 | ) | ||||||||||||||
7/5/2017 | SEK | 58,748 | USD | 6,785 | (180 | ) | ||||||||||||||
7/5/2017 | SEK | 367,791 | USD | 42,398 | (1,207 | ) | ||||||||||||||
7/5/2017 | SGD | 6,006 | USD | 4,343 | (19 | ) | ||||||||||||||
7/5/2017 | SGD | 6,006 | USD | 4,343 | (19 | ) | ||||||||||||||
7/5/2017 | SGD | 6,006 | USD | 4,343 | (19 | ) | ||||||||||||||
7/5/2017 | SGD | 6,006 | USD | 4,343 | (19 | ) | ||||||||||||||
7/5/2017 | SGD | 4,577 | USD | 3,310 | (15 | ) | ||||||||||||||
7/5/2017 | SGD | 28,656 | USD | 20,681 | (132 | ) | ||||||||||||||
7/5/2017 | USD | 1,321 | AUD | 1,741 | 14 | |||||||||||||||
7/5/2017 | USD | 35,517 | AUD | 46,302 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 27,062 | AUD | 35,280 | — | |||||||||||||||
7/5/2017 | USD | 35,517 | AUD | 46,302 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 35,517 | AUD | 46,302 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 35,517 | AUD | 46,303 | — | |||||||||||||||
7/5/2017 | USD | 264 | CHF | 256 | 3 | |||||||||||||||
7/5/2017 | USD | 7,095 | CHF | 6,795 | — | |||||||||||||||
7/5/2017 | USD | 5,409 | CHF | 5,180 | — | |||||||||||||||
7/5/2017 | USD | 7,095 | CHF | 6,794 | — | |||||||||||||||
7/5/2017 | USD | 7,095 | CHF | 6,795 | — | |||||||||||||||
7/5/2017 | USD | 7,095 | CHF | 6,795 | — | |||||||||||||||
7/5/2017 | USD | 105 | DKK | 697 | 2 | |||||||||||||||
7/5/2017 | USD | 2,832 | DKK | 18,462 | — | |||||||||||||||
7/5/2017 | USD | 2,159 | DKK | 14,074 | — | |||||||||||||||
7/5/2017 | USD | 2,832 | DKK | 18,462 | — | |||||||||||||||
7/5/2017 | USD | 2,832 | DKK | 18,462 | — | |||||||||||||||
7/5/2017 | USD | 2,832 | DKK | 18,461 | — | |||||||||||||||
7/5/2017 | USD | 1,794 | EUR | 1,601 | 32 | |||||||||||||||
7/5/2017 | USD | 48,248 | EUR | 42,301 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 36,765 | EUR | 32,234 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 48,248 | EUR | 42,301 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 48,248 | EUR | 42,301 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 48,248 | EUR | 42,302 | — | |||||||||||||||
7/5/2017 | USD | 1,820 | GBP | 1,428 | 35 | |||||||||||||||
7/5/2017 | USD | 48,948 | GBP | 37,682 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 37,296 | GBP | 28,712 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 48,948 | GBP | 37,682 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 48,948 | GBP | 37,682 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 48,948 | GBP | 37,683 | — | |||||||||||||||
7/5/2017 | USD | 339 | ILS | 1,194 | 3 | |||||||||||||||
7/5/2017 | USD | 9,114 | ILS | 31,806 | — | |||||||||||||||
7/5/2017 | USD | 6,946 | ILS | 24,240 | — | |||||||||||||||
7/5/2017 | USD | 9,114 | ILS | 31,807 | — | |||||||||||||||
7/5/2017 | USD | 9,114 | ILS | 31,806 | — | |||||||||||||||
7/5/2017 | USD | 9,114 | ILS | 31,805 | — | |||||||||||||||
7/5/2017 | USD | 5,281 | JPY | 588,106 | (47 | ) | ||||||||||||||
7/5/2017 | USD | 141,999 | JPY | 15,955,433 | 4 | |||||||||||||||
7/5/2017 | USD | 108,190 | JPY | 12,156,444 | 2 | |||||||||||||||
7/5/2017 | USD | 141,999 | JPY | 15,955,490 | 4 | |||||||||||||||
7/5/2017 | USD | 141,999 | JPY | 15,955,405 | 4 | |||||||||||||||
7/5/2017 | USD | 141,999 | JPY | 15,955,007 | — | |||||||||||||||
7/5/2017 | USD | 698 | NOK | 5,917 | 8 | |||||||||||||||
7/5/2017 | USD | 18,758 | NOK | 157,133 | — | |||||||||||||||
7/5/2017 | USD | 14,294 | NOK | 119,738 | — | |||||||||||||||
7/5/2017 | USD | 18,758 | NOK | 157,134 | 1 | |||||||||||||||
7/5/2017 | USD | 18,758 | NOK | 157,133 | — | |||||||||||||||
7/5/2017 | USD | 18,758 | NOK | 157,129 | — | |||||||||||||||
7/5/2017 | USD | 390 | NZD | 534 | 1 | |||||||||||||||
7/5/2017 | USD | 10,490 | NZD | 14,326 | — | |||||||||||||||
7/5/2017 | USD | 7,994 | NZD | 10,918 | — | |||||||||||||||
7/5/2017 | USD | 10,490 | NZD | 14,326 | — | |||||||||||||||
7/5/2017 | USD | 10,490 | NZD | 14,326 | — | |||||||||||||||
7/5/2017 | USD | 10,490 | NZD | 14,327 | — | |||||||||||||||
7/5/2017 | USD | 657 | SEK | 5,721 | 21 | |||||||||||||||
7/5/2017 | USD | 17,669 | SEK | 149,034 | — | |||||||||||||||
7/5/2017 | USD | 13,466 | SEK | 113,581 | — | |||||||||||||||
7/5/2017 | USD | 17,669 | SEK | 149,035 | 1 | |||||||||||||||
7/5/2017 | USD | 17,669 | SEK | 149,034 | — | |||||||||||||||
7/5/2017 | USD | 17,669 | SEK | 149,030 | — | |||||||||||||||
7/5/2017 | USD | 321 | SGD | 445 | 2 | |||||||||||||||
7/5/2017 | USD | 8,618 | SGD | 11,865 | — | |||||||||||||||
7/5/2017 | USD | 6,570 | SGD | 9,046 | — | |||||||||||||||
7/5/2017 | USD | 8,618 | SGD | 11,865 | — | |||||||||||||||
7/5/2017 | USD | 8,618 | SGD | 11,865 | — | |||||||||||||||
7/5/2017 | USD | 8,618 | SGD | 11,866 | — | |||||||||||||||
8/2/2017 | AUD | 18,264 | USD | 14,005 | — | |||||||||||||||
8/2/2017 | AUD | 13,920 | USD | 10,674 | — | |||||||||||||||
8/2/2017 | AUD | 18,264 | USD | 14,005 | — | |||||||||||||||
8/2/2017 | AUD | 18,264 | USD | 14,005 | — |
See Notes to Financial Statements.
58 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2017
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
8/2/2017 | AUD | 18,265 | USD | 14,005 | $ | — | ||||||||||||||
8/2/2017 | DKK | 21,324 | USD | 3,276 | — | |||||||||||||||
8/2/2017 | DKK | 16,260 | USD | 2,498 | — | |||||||||||||||
8/2/2017 | DKK | 21,325 | USD | 3,276 | — | |||||||||||||||
8/2/2017 | DKK | 21,324 | USD | 3,276 | — | |||||||||||||||
8/2/2017 | DKK | 21,324 | USD | 3,276 | — | |||||||||||||||
8/2/2017 | EUR | 35,609 | USD | 40,673 | 1 | |||||||||||||||
8/2/2017 | EUR | 27,133 | USD | 30,991 | — | |||||||||||||||
8/2/2017 | EUR | 35,610 | USD | 40,673 | — | |||||||||||||||
8/2/2017 | EUR | 35,609 | USD | 40,673 | 1 | |||||||||||||||
8/2/2017 | EUR | 35,610 | USD | 40,673 | — | |||||||||||||||
8/2/2017 | GBP | 41,143 | USD | 53,490 | 1 | |||||||||||||||
8/2/2017 | GBP | 31,349 | USD | 40,757 | — | |||||||||||||||
8/2/2017 | GBP | 41,143 | USD | 53,490 | — | |||||||||||||||
8/2/2017 | GBP | 41,142 | USD | 53,490 | 1 | |||||||||||||||
8/2/2017 | GBP | 41,143 | USD | 53,490 | — | |||||||||||||||
8/2/2017 | NOK | 161,927 | USD | 19,341 | (1 | ) | ||||||||||||||
8/2/2017 | NOK | 123,395 | USD | 14,739 | — | |||||||||||||||
8/2/2017 | NOK | 161,926 | USD | 19,341 | (1 | ) | ||||||||||||||
8/2/2017 | NOK | 161,926 | USD | 19,341 | (1 | ) | ||||||||||||||
8/2/2017 | NOK | 161,923 | USD | 19,341 | — | |||||||||||||||
8/2/2017 | NZD | 6,459 | USD | 4,727 | — | |||||||||||||||
8/2/2017 | NZD | 4,926 | USD | 3,605 | — | |||||||||||||||
8/2/2017 | NZD | 6,459 | USD | 4,727 | — | |||||||||||||||
8/2/2017 | NZD | 6,459 | USD | 4,727 | — | |||||||||||||||
8/2/2017 | NZD | 6,459 | USD | 4,727 | — | |||||||||||||||
8/2/2017 | SEK | 140,484 | USD | 16,681 | (1 | ) | ||||||||||||||
8/2/2017 | SEK | 107,056 | USD | 12,712 | — | |||||||||||||||
8/2/2017 | SEK | 140,486 | USD | 16,681 | (1 | ) | ||||||||||||||
8/2/2017 | SEK | 140,484 | USD | 16,681 | (1 | ) | ||||||||||||||
8/2/2017 | SEK | 140,482 | USD | 16,681 | — | |||||||||||||||
8/3/2017 | CHF | 4,946 | USD | 5,174 | — | |||||||||||||||
8/3/2017 | CHF | 3,769 | USD | 3,943 | — | |||||||||||||||
8/3/2017 | CHF | 4,946 | USD | 5,174 | — | |||||||||||||||
8/3/2017 | CHF | 4,946 | USD | 5,174 | — | |||||||||||||||
8/3/2017 | CHF | 4,946 | USD | 5,174 | — | |||||||||||||||
8/3/2017 | ILS | 35,525 | USD | 10,190 | (1 | ) | ||||||||||||||
8/3/2017 | ILS | 27,077 | USD | 7,767 | — | |||||||||||||||
8/3/2017 | ILS | 35,525 | USD | 10,190 | (1 | ) | ||||||||||||||
8/3/2017 | ILS | 35,526 | USD | 10,190 | (1 | ) | ||||||||||||||
8/3/2017 | ILS | 35,525 | USD | 10,190 | (1 | ) | ||||||||||||||
8/3/2017 | JPY | 15,012,106 | USD | 133,764 | (5 | ) | ||||||||||||||
8/3/2017 | JPY | 11,437,818 | USD | 101,917 | (2 | ) | ||||||||||||||
8/3/2017 | JPY | 15,012,387 | USD | 133,764 | (7 | ) | ||||||||||||||
8/3/2017 | JPY | 15,012,092 | USD | 133,764 | (5 | ) | ||||||||||||||
8/3/2017 | JPY | 15,011,557 | USD | 133,764 | — | |||||||||||||||
8/3/2017 | SGD | 16,727 | USD | 12,154 | — | |||||||||||||||
8/3/2017 | SGD | 12,750 | USD | 9,264 | — | |||||||||||||||
8/3/2017 | SGD | 16,727 | USD | 12,154 | — | |||||||||||||||
8/3/2017 | SGD | 16,728 | USD | 12,154 | (1 | ) | ||||||||||||||
8/3/2017 | SGD | 16,728 | USD | 12,154 | (1 | ) | ||||||||||||||
$ | (6,715 | ) |
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.
WisdomTree Trust Annual Report June 30, 2017 | 59 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
Japan – 99.6% | ||||||||
Air Freight & Logistics – 0.1% | ||||||||
Kintetsu World Express, Inc. | 100 | $ | 1,764 | |||||
Yamato Holdings Co., Ltd. | 100 | 2,028 | ||||||
|
| |||||||
Total Air Freight & Logistics | 3,792 | |||||||
Airlines – 0.5% | ||||||||
ANA Holdings, Inc. | 2,000 | 6,949 | ||||||
Japan Airlines Co., Ltd. | 200 | 6,184 | ||||||
|
| |||||||
Total Airlines | 13,133 | |||||||
Auto Components – 3.6% | ||||||||
Aisan Industry Co., Ltd. | 400 | 3,161 | ||||||
Aisin Seiki Co., Ltd. | 200 | 10,235 | ||||||
Bridgestone Corp. | 700 | 30,153 | ||||||
Daido Metal Co., Ltd. | 300 | 2,716 | ||||||
Denso Corp. | 500 | 21,102 | ||||||
Eagle Industry Co., Ltd. | 200 | 3,373 | ||||||
NGK Spark Plug Co., Ltd. | 100 | 2,126 | ||||||
Stanley Electric Co., Ltd. | 100 | 3,017 | ||||||
Sumitomo Electric Industries Ltd. | 500 | 7,699 | ||||||
Sumitomo Rubber Industries Ltd.(a) | 300 | 5,062 | ||||||
Toyo Tire & Rubber Co., Ltd. | 100 | 2,037 | ||||||
Toyoda Gosei Co., Ltd. | 100 | 2,384 | ||||||
Toyota Boshoku Corp. | 100 | 1,876 | ||||||
TS Tech Co., Ltd. | 100 | 2,910 | ||||||
Yokohama Rubber Co., Ltd. (The) | 100 | 2,007 | ||||||
|
| |||||||
Total Auto Components | 99,858 | |||||||
Automobiles – 10.6% | ||||||||
Honda Motor Co., Ltd. | 1,500 | 40,904 | ||||||
Isuzu Motors Ltd. | 600 | 7,401 | ||||||
Mazda Motor Corp. | 400 | 5,582 | ||||||
Mitsubishi Motors Corp. | 200 | 1,317 | ||||||
Nissan Motor Co., Ltd. | 5,500 | 54,726 | ||||||
Subaru Corp. | 800 | 26,956 | ||||||
Suzuki Motor Corp. | 200 | 9,488 | ||||||
Toyota Motor Corp. | 2,630 | 137,937 | ||||||
Yamaha Motor Co., Ltd. | 300 | 7,738 | ||||||
|
| |||||||
Total Automobiles | 292,049 | |||||||
Banks – 9.3% | ||||||||
Aozora Bank Ltd. | 2,000 | 7,618 | ||||||
Chugoku Bank Ltd. (The) | 100 | 1,495 | ||||||
Concordia Financial Group Ltd. | 1,000 | 5,043 | ||||||
Ehime Bank Ltd. (The) | 300 | 3,778 | ||||||
Fukui Bank Ltd. (The) | 1,000 | 2,501 | ||||||
Fukuoka Financial Group, Inc. | 1,000 | 4,753 | ||||||
Gunma Bank Ltd. (The) | 500 | 2,999 | ||||||
Hachijuni Bank Ltd. (The) | 600 | 3,807 | ||||||
Hokuhoku Financial Group, Inc. | 200 | 3,188 | ||||||
Iyo Bank Ltd. (The) | 400 | 3,311 | ||||||
Kyushu Financial Group, Inc. | 400 | 2,524 | ||||||
Mebuki Financial Group, Inc. | 1,070 | 3,981 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 10,200 | 68,521 | ||||||
Mizuho Financial Group, Inc. | 25,500 | 46,615 | ||||||
Musashino Bank Ltd. (The) | 100 | 3,066 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 200 | 2,075 | ||||||
North Pacific Bank Ltd. | 800 | 2,798 | ||||||
Oita Bank Ltd. (The) | 1,000 | 3,845 | ||||||
Resona Holdings, Inc. | 2,400 | 13,211 | ||||||
Seven Bank Ltd. | 700 | 2,504 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 1,400 | 54,562 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 300 | 10,731 | ||||||
Suruga Bank Ltd. | 100 | 2,423 | ||||||
|
| |||||||
Total Banks | 255,349 | |||||||
Beverages – 1.3% | ||||||||
Asahi Group Holdings Ltd. | 200 | 7,526 | ||||||
Coca-Cola Bottlers Japan, Inc. | 250 | 7,231 | ||||||
Kirin Holdings Co., Ltd. | 600 | 12,223 | ||||||
Suntory Beverage & Food Ltd. | 200 | 9,292 | ||||||
|
| |||||||
Total Beverages | 36,272 | |||||||
Building Products – 1.5% | ||||||||
Aica Kogyo Co., Ltd. | 200 | 6,088 | ||||||
Asahi Glass Co., Ltd. | 200 | 8,419 | ||||||
Daikin Industries Ltd. | 100 | 10,208 | ||||||
LIXIL Group Corp. | 300 | 7,500 | ||||||
Sanwa Holdings Corp. | 400 | 4,215 | ||||||
TOTO Ltd. | 100 | 3,818 | ||||||
|
| |||||||
Total Building Products | 40,248 | |||||||
Capital Markets – 2.1% | ||||||||
Daiwa Securities Group, Inc. | 2,000 | 11,851 | ||||||
Ichigo, Inc.(a) | 1,100 | 3,280 | ||||||
Ichiyoshi Securities Co., Ltd. | 300 | 2,518 | ||||||
IwaiCosmo Holdings, Inc. | 200 | 2,204 | ||||||
Japan Exchange Group, Inc. | 600 | 10,867 | ||||||
kabu.com Securities Co., Ltd. | 600 | 2,018 | ||||||
Matsui Securities Co., Ltd. | 300 | 2,446 | ||||||
Nomura Holdings, Inc. | 2,900 | 17,380 | ||||||
SBI Holdings, Inc. | 200 | 2,709 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 600 | 3,327 | ||||||
|
| |||||||
Total Capital Markets | 58,600 | |||||||
Chemicals – 4.2% | ||||||||
Asahi Kasei Corp. | 1,000 | 10,747 | ||||||
Daicel Corp. | 200 | 2,487 | ||||||
Hitachi Chemical Co., Ltd. | 100 | 2,982 | ||||||
JSR Corp. | 200 | 3,448 | ||||||
Kansai Paint Co., Ltd. | 200 | 4,601 | ||||||
Kuraray Co., Ltd. | 500 | 9,069 | ||||||
Mitsubishi Chemical Holdings Corp. | 1,000 | 8,278 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 200 | 4,227 | ||||||
Nihon Parkerizing Co., Ltd. | 300 | 4,467 | ||||||
Nippon Paint Holdings Co., Ltd. | 100 | 3,782 | ||||||
Nippon Valqua Industries Ltd. | 200 | 3,959 | ||||||
Nissan Chemical Industries Ltd. | 100 | 3,302 | ||||||
Nitto Denko Corp. | 100 | 8,224 | ||||||
Shin-Etsu Chemical Co., Ltd. | 200 | 18,129 |
See Notes to Financial Statements.
60 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2017
Investments | Shares | Value | ||||||
Showa Denko K.K. | 200 | $ | 4,639 | |||||
Sumitomo Chemical Co., Ltd. | 1,000 | 5,749 | ||||||
Taiyo Nippon Sanso Corp. | 200 | 2,245 | ||||||
Teijin Ltd. | 100 | 1,923 | ||||||
Toagosei Co., Ltd. | 300 | 3,898 | ||||||
Toray Industries, Inc. | 600 | 5,021 | ||||||
Toyobo Co., Ltd. | 1,000 | 1,833 | ||||||
Ube Industries Ltd. | 1,000 | 2,572 | ||||||
|
| |||||||
Total Chemicals | 115,582 | |||||||
Commercial Services & Supplies – 0.8% | ||||||||
Dai Nippon Printing Co., Ltd. | 1,000 | 11,107 | ||||||
Kokuyo Co., Ltd. | 200 | 2,729 | ||||||
Okamura Corp. | 200 | 1,898 | ||||||
Secom Co., Ltd. | 100 | 7,587 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 23,321 | |||||||
Construction & Engineering – 1.5% | ||||||||
COMSYS Holdings Corp. | 200 | 4,117 | ||||||
Kajima Corp. | 1,000 | 8,437 | ||||||
Kinden Corp. | 400 | 6,444 | ||||||
Kyowa Exeo Corp. | 200 | 3,362 | ||||||
Obayashi Corp. | 500 | 5,879 | ||||||
Raito Kogyo Co., Ltd. | 200 | 2,115 | ||||||
Taikisha Ltd. | 100 | 2,638 | ||||||
Taisei Corp. | 1,000 | 9,131 | ||||||
|
| |||||||
Total Construction & Engineering | 42,123 | |||||||
Construction Materials – 0.1% | ||||||||
Taiheiyo Cement Corp. | 1,000 | 3,640 | ||||||
Consumer Finance – 0.1% | ||||||||
J Trust Co., Ltd. | 400 | 3,151 | ||||||
Containers & Packaging – 0.1% | ||||||||
Toyo Seikan Group Holdings Ltd. | 200 | 3,375 | ||||||
Distributors – 0.2% | ||||||||
Canon Marketing Japan, Inc. | 100 | 2,275 | ||||||
Paltac Corp. | 100 | 3,368 | ||||||
|
| |||||||
Total Distributors | 5,643 | |||||||
Diversified Consumer Services – 0.3% | ||||||||
Benesse Holdings, Inc. | 200 | 7,547 | ||||||
Diversified Telecommunication Services – 2.2% | ||||||||
Nippon Telegraph & Telephone Corp. | 1,300 | 61,436 | ||||||
Electric Utilities – 0.9% | ||||||||
Chubu Electric Power Co., Inc. | 300 | 3,985 | ||||||
Chugoku Electric Power Co., Inc. (The) | 400 | 4,411 | ||||||
Hokkaido Electric Power Co., Inc. | 400 | 3,047 | ||||||
Hokuriku Electric Power Co.(a) | 300 | 2,705 | ||||||
Kansai Electric Power Co., Inc. (The) | 300 | 4,130 | ||||||
Kyushu Electric Power Co., Inc. | 100 | 1,214 | ||||||
Shikoku Electric Power Co., Inc. | 200 | 2,357 | ||||||
Tohoku Electric Power Co., Inc. | 200 | 2,768 | ||||||
|
| |||||||
Total Electric Utilities | 24,617 | |||||||
Electrical Equipment – 1.3% | ||||||||
Idec Corp. | 400 | 5,197 | ||||||
Mitsubishi Electric Corp. | 1,000 | 14,378 | ||||||
Nidec Corp. | 100 | 10,244 | ||||||
Nitto Kogyo Corp. | 300 | 4,734 | ||||||
|
| |||||||
Total Electrical Equipment | 34,553 | |||||||
Electronic Equipment, Instruments & Components – 2.8% | ||||||||
Alps Electric Co., Ltd. | 100 | 2,884 | ||||||
Amano Corp. | 100 | 2,082 | ||||||
Azbil Corp. | 100 | 3,800 | ||||||
Canon Electronics, Inc. | 300 | 6,138 | ||||||
Dexerials Corp. | 200 | 1,954 | ||||||
Hamamatsu Photonics K.K. | 100 | 3,071 | ||||||
Hitachi High-Technologies Corp. | 100 | 3,880 | ||||||
Hitachi Ltd. | 3,000 | 18,407 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 100 | 1,461 | ||||||
Murata Manufacturing Co., Ltd. | 100 | 15,192 | ||||||
Nohmi Bosai Ltd. | 200 | 2,880 | ||||||
Oki Electric Industry Co., Ltd. | 100 | 1,417 | ||||||
Omron Corp. | 100 | 4,339 | ||||||
Satori Electric Co., Ltd. | 300 | 2,229 | ||||||
Yaskawa Electric Corp. | 200 | 4,238 | ||||||
Yokogawa Electric Corp. | 200 | 3,206 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 77,178 | |||||||
Food & Staples Retailing – 1.9% | ||||||||
Aeon Co., Ltd. | 400 | 6,077 | ||||||
Aeon Hokkaido Corp. | 1,000 | 5,402 | ||||||
Arcs Co., Ltd. | 100 | 2,164 | ||||||
Cawachi Ltd. | 100 | 2,418 | ||||||
FamilyMart UNY Holdings Co., Ltd. | 55 | 3,147 | ||||||
Lawson, Inc. | 100 | 6,995 | ||||||
Seven & I Holdings Co., Ltd. | 400 | 16,476 | ||||||
United Super Markets Holdings, Inc. | 300 | 3,172 | ||||||
Valor Holdings Co., Ltd. | 100 | 2,270 | ||||||
Yokohama Reito Co., Ltd.(a) | 300 | 2,830 | ||||||
|
| |||||||
Total Food & Staples Retailing | 50,951 | |||||||
Food Products – 1.0% | ||||||||
Ajinomoto Co., Inc. | 200 | 4,319 | ||||||
Hokuto Corp. | 200 | 3,516 | ||||||
Itoham Yonekyu Holdings, Inc. | 200 | 1,814 | ||||||
Kewpie Corp. | 100 | 2,625 | ||||||
MEIJI Holdings Co., Ltd. | 100 | 8,108 | ||||||
Toyo Suisan Kaisha Ltd. | 100 | 3,831 | ||||||
Yamazaki Baking Co., Ltd. | 100 | 1,993 | ||||||
|
| |||||||
Total Food Products | 26,206 | |||||||
Gas Utilities – 0.6% | ||||||||
Osaka Gas Co., Ltd. | 1,000 | 4,090 | ||||||
Saibu Gas Co., Ltd. | 1,000 | 2,358 | ||||||
Tokyo Gas Co., Ltd. | 2,000 | 10,400 | ||||||
|
| |||||||
Total Gas Utilities | 16,848 | |||||||
Health Care Equipment & Supplies – 0.7% | ||||||||
Hoya Corp. | 200 | 10,383 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 61 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2017
Investments | Shares | Value | ||||||
Nihon Kohden Corp. | 100 | $ | 2,308 | |||||
Nipro Corp. | 200 | 2,608 | ||||||
Terumo Corp. | 100 | 3,938 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 19,237 | |||||||
Health Care Providers & Services – 0.7% | ||||||||
Alfresa Holdings Corp. | 100 | 1,929 | ||||||
BML, Inc. | 200 | 3,889 | ||||||
Medipal Holdings Corp. | 200 | 3,699 | ||||||
Miraca Holdings, Inc. | 100 | 4,495 | ||||||
Toho Holdings Co., Ltd. | 200 | 3,937 | ||||||
|
| |||||||
Total Health Care Providers & Services | 17,949 | |||||||
Hotels, Restaurants & Leisure – 0.5% | ||||||||
McDonald’s Holdings Co., Japan Ltd. | 100 | 3,836 | ||||||
Resorttrust, Inc. | 100 | 1,842 | ||||||
Round One Corp. | 300 | 2,841 | ||||||
Skylark Co., Ltd. | 200 | 2,873 | ||||||
Tokyo Dome Corp. | 300 | 2,713 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 14,105 | |||||||
Household Durables – 2.6% | ||||||||
Casio Computer Co., Ltd. | 200 | 3,074 | ||||||
Fuji Corp., Ltd. | 400 | 2,659 | ||||||
Haseko Corp. | 200 | 2,428 | ||||||
Iida Group Holdings Co., Ltd. | 300 | 4,996 | ||||||
Nihon House Holdings Co., Ltd. | 600 | 2,825 | ||||||
Nikon Corp. | 200 | 3,197 | ||||||
Panasonic Corp. | 1,700 | 23,058 | ||||||
Sangetsu Corp. | 100 | 1,735 | ||||||
Sekisui Chemical Co., Ltd. | 300 | 5,369 | ||||||
Sekisui House Ltd. | 600 | 10,571 | ||||||
Sony Corp. | 200 | 7,629 | ||||||
Sumitomo Forestry Co., Ltd. | 200 | 3,143 | ||||||
|
| |||||||
Total Household Durables | 70,684 | |||||||
Household Products – 0.3% | ||||||||
Pigeon Corp. | 100 | 3,622 | ||||||
Unicharm Corp. | 200 | 5,023 | ||||||
|
| |||||||
Total Household Products | 8,645 | |||||||
Independent Power & Renewable Electricity Producers – 0.1% | ||||||||
Electric Power Development Co., Ltd. | 100 | 2,472 | ||||||
Industrial Conglomerates – 0.2% | ||||||||
Nisshinbo Holdings, Inc. | 100 | 1,015 | ||||||
Seibu Holdings, Inc. | 200 | 3,697 | ||||||
|
| |||||||
Total Industrial Conglomerates | 4,712 | |||||||
Insurance – 5.2% | ||||||||
Dai-ichi Life Holdings, Inc. | 800 | 14,429 | ||||||
Japan Post Holdings Co., Ltd. | 4,300 | 53,348 | ||||||
Japan Post Insurance Co., Ltd. | 400 | 8,822 | ||||||
MS&AD Insurance Group Holdings, Inc. | 500 | 16,794 | ||||||
Sompo Holdings, Inc. | 300 | 11,585 | ||||||
Sony Financial Holdings, Inc. | 300 | 5,111 | ||||||
T&D Holdings, Inc. | 500 | 7,607 | ||||||
Tokio Marine Holdings, Inc. | 600 | 24,836 | ||||||
|
| |||||||
Total Insurance | 142,532 | |||||||
Internet & Catalog Retail – 0.2% | ||||||||
Rakuten, Inc. | 300 | 3,530 | ||||||
Start Today Co., Ltd. | 100 | 2,461 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 5,991 | |||||||
Internet Software & Services – 0.8% | ||||||||
GMO Internet, Inc. | 200 | 2,597 | ||||||
Mixi, Inc. | 100 | 5,563 | ||||||
Yahoo Japan Corp. | 2,900 | 12,621 | ||||||
|
| |||||||
Total Internet Software & Services | 20,781 | |||||||
IT Services – 1.2% | ||||||||
Fujitsu Ltd. | 1,000 | 7,367 | ||||||
Itochu Techno-Solutions Corp. | 100 | 3,498 | ||||||
Nomura Research Institute Ltd. | 220 | 8,664 | ||||||
NS Solutions Corp. | 100 | 2,376 | ||||||
NTT Data Corp. | 500 | 5,563 | ||||||
Otsuka Corp. | 100 | 6,203 | ||||||
|
| |||||||
Total IT Services | 33,671 | |||||||
Leisure Products – 0.6% | ||||||||
Bandai Namco Holdings, Inc. | 200 | 6,817 | ||||||
Sankyo Co., Ltd. | 100 | 3,391 | ||||||
Sega Sammy Holdings, Inc. | 300 | 4,037 | ||||||
Yamaha Corp. | 100 | 3,453 | ||||||
|
| |||||||
Total Leisure Products | 17,698 | |||||||
Machinery – 5.4% | ||||||||
Aichi Corp. | 400 | 2,777 | ||||||
Alinco, Inc. | 500 | 4,980 | ||||||
Amada Holdings Co., Ltd. | 500 | 5,776 | ||||||
Daifuku Co., Ltd. | 100 | 2,986 | ||||||
DMG Mori Co., Ltd. | 100 | 1,640 | ||||||
Ebara Corp. | 100 | 2,768 | ||||||
FANUC Corp. | 100 | 19,273 | ||||||
Giken Ltd. | 200 | 5,349 | ||||||
Hino Motors Ltd. | 300 | 3,329 | ||||||
Hitachi Construction Machinery Co., Ltd. | 200 | 4,996 | ||||||
JTEKT Corp. | 100 | 1,461 | ||||||
Komatsu Ltd. | 800 | 20,324 | ||||||
Kubota Corp. | 600 | 10,079 | ||||||
Kurita Water Industries Ltd. | 200 | 5,447 | ||||||
Makita Corp. | 100 | 3,698 | ||||||
MINEBEA MITSUMI, Inc. | 300 | 4,819 | ||||||
Mitsubishi Heavy Industries Ltd. | 2,000 | 8,184 | ||||||
Miura Co., Ltd. | 200 | 3,895 | ||||||
Morita Holdings Corp. | 200 | 3,133 | ||||||
Nabtesco Corp. | 100 | 2,906 | ||||||
NGK Insulators Ltd. | 100 | 1,993 | ||||||
Noritake Co., Ltd. | 100 | 3,422 | ||||||
NSK Ltd. | 600 | 7,492 | ||||||
NTN Corp. | 1,000 | 4,610 | ||||||
Sodick Co., Ltd. | 200 | 2,323 | ||||||
Sumitomo Heavy Industries Ltd. | 1,000 | 6,595 |
See Notes to Financial Statements.
62 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2017
Investments | Shares | Value | ||||||
Tadano Ltd. | 200 | $ | 2,401 | |||||
THK Co., Ltd. | 100 | 2,830 | ||||||
|
| |||||||
Total Machinery | 149,486 | |||||||
Marine – 0.1% | ||||||||
Mitsui OSK Lines Ltd. | 1,000 | 2,937 | ||||||
Media – 0.7% | ||||||||
CyberAgent, Inc. | 100 | 3,102 | ||||||
Dentsu, Inc. | 100 | 4,779 | ||||||
Hakuhodo DY Holdings, Inc. | 300 | 3,981 | ||||||
Kadokawa Dwango* | 200 | 2,584 | ||||||
Toho Co., Ltd. | 200 | 6,159 | ||||||
|
| |||||||
Total Media | 20,605 | |||||||
Metals & Mining – 1.4% | ||||||||
Godo Steel Ltd. | 200 | 3,560 | ||||||
Hitachi Metals Ltd. | 300 | 4,170 | ||||||
JFE Holdings, Inc. | 300 | 5,208 | ||||||
Kyoei Steel Ltd. | 200 | 3,313 | ||||||
Mitsubishi Materials Corp. | 200 | 6,052 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 1,500 | 3,564 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 500 | 11,294 | ||||||
|
| |||||||
Total Metals & Mining | 37,161 | |||||||
Multiline Retail – 0.2% | ||||||||
J. Front Retailing Co., Ltd. | 200 | 3,069 | ||||||
Marui Group Co., Ltd. | 200 | 2,947 | ||||||
|
| |||||||
Total Multiline Retail | 6,016 | |||||||
Oil, Gas & Consumable Fuels – 0.8% | ||||||||
Idemitsu Kosan Co., Ltd. | 100 | 2,839 | ||||||
JXTG Holdings, Inc. | 2,850 | 12,447 | ||||||
Showa Shell Sekiyu K.K. | 600 | 5,564 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 20,850 | |||||||
Paper & Forest Products – 0.3% | ||||||||
Nippon Paper Industries Co., Ltd. | 200 | 4,096 | ||||||
Oji Holdings Corp. | 1,000 | 5,162 | ||||||
|
| |||||||
Total Paper & Forest Products | 9,258 | |||||||
Personal Products – 0.8% | ||||||||
Artnature, Inc. | 400 | 2,577 | ||||||
Fancl Corp. | 100 | 1,838 | ||||||
Kao Corp. | 200 | 11,876 | ||||||
Pola Orbis Holdings, Inc. | 100 | 2,636 | ||||||
Shiseido Co., Ltd. | 100 | 3,555 | ||||||
|
| |||||||
Total Personal Products | 22,482 | |||||||
Pharmaceuticals – 5.3% | ||||||||
Astellas Pharma, Inc. | 1,600 | 19,573 | ||||||
Chugai Pharmaceutical Co., Ltd. | 300 | 11,227 | ||||||
Daiichi Sankyo Co., Ltd. | 500 | 11,779 | ||||||
Eisai Co., Ltd. | 200 | 11,045 | ||||||
KYORIN Holdings, Inc. | 100 | 2,218 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 200 | 3,715 | ||||||
Mitsubishi Tanabe Pharma Corp. | 400 | 9,242 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 200 | 3,118 | ||||||
Ono Pharmaceutical Co., Ltd. | 300 | 6,544 | ||||||
Otsuka Holdings Co., Ltd. | 300 | 12,789 | ||||||
Sawai Pharmaceutical Co., Ltd. | 100 | 5,616 | ||||||
Shionogi & Co., Ltd. | 100 | 5,570 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. | 200 | 2,729 | ||||||
Takeda Pharmaceutical Co., Ltd. | 800 | 40,648 | ||||||
|
| |||||||
Total Pharmaceuticals | 145,813 | |||||||
Professional Services – 0.5% | ||||||||
Recruit Holdings Co., Ltd. | 600 | 10,311 | ||||||
TechnoPro Holdings, Inc. | 100 | 4,023 | ||||||
|
| |||||||
Total Professional Services | 14,334 | |||||||
Real Estate Management & Development – 2.5% | ||||||||
Aeon Mall Co., Ltd. | 200 | 3,937 | ||||||
Airport Facilities Co., Ltd. | 500 | 2,714 | ||||||
Daito Trust Construction Co., Ltd. | 100 | 15,571 | ||||||
Daiwa House Industry Co., Ltd. | 500 | 17,079 | ||||||
Hulic Co., Ltd. | 300 | 3,062 | ||||||
Mitsubishi Estate Co., Ltd. | 200 | 3,726 | ||||||
Mitsui Fudosan Co., Ltd. | 300 | 7,157 | ||||||
Nomura Real Estate Holdings, Inc. | 100 | 1,962 | ||||||
NTT Urban Development Corp. | 200 | 1,930 | ||||||
Sun Frontier Fudousan Co., Ltd. | 300 | 3,012 | ||||||
Takara Leben Co., Ltd. | 700 | 3,140 | ||||||
Tokyo Tatemono Co., Ltd. | 200 | 2,620 | ||||||
Tokyu Fudosan Holdings Corp. | 500 | 2,955 | ||||||
|
| |||||||
Total Real Estate Management & Development | 68,865 | |||||||
Road & Rail – 1.6% | ||||||||
East Japan Railway Co. | 200 | 19,126 | ||||||
Hankyu Hanshin Holdings, Inc. | 200 | 7,191 | ||||||
Nikkon Holdings Co., Ltd. | 200 | 4,621 | ||||||
Seino Holdings Co., Ltd. | 400 | 5,315 | ||||||
Senko Group Holdings Co., Ltd. | 300 | 1,949 | ||||||
West Japan Railway Co. | 100 | 7,063 | ||||||
|
| |||||||
Total Road & Rail | 45,265 | |||||||
Semiconductors & Semiconductor Equipment – 0.9% | ||||||||
Advantest Corp. | 200 | 3,421 | ||||||
Mimasu Semiconductor Industry Co., Ltd. | 100 | 1,506 | ||||||
Sumco Corp. | 200 | 2,896 | ||||||
Tokyo Electron Ltd. | 100 | 13,493 | ||||||
Tokyo Seimitsu Co., Ltd. | 100 | 3,217 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 24,533 | |||||||
Software – 1.3% | ||||||||
Nintendo Co., Ltd. | 50 | 16,768 | ||||||
NSD Co., Ltd. | 300 | 5,404 | ||||||
Oracle Corp. | 100 | 6,488 | ||||||
Square Enix Holdings Co., Ltd. | 100 | 3,275 | ||||||
Trend Micro, Inc. | 100 | 5,153 | ||||||
|
| |||||||
Total Software | 37,088 | |||||||
Specialty Retail – 1.8% | ||||||||
ABC-Mart, Inc. | 100 | 5,883 | ||||||
Aoyama Trading Co., Ltd. | 100 | 3,564 | ||||||
DCM Holdings Co., Ltd. | 200 | 1,753 | ||||||
Fast Retailing Co., Ltd. | 25 | 8,326 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 63 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
June 30, 2017
Investments | Shares | Value | ||||||
Geo Holdings Corp. | 300 | $ | 3,111 | |||||
K’s Holdings Corp. | 100 | 1,954 | ||||||
Kohnan Shoji Co., Ltd. | 100 | 1,863 | ||||||
Nishimatsuya Chain Co., Ltd. | 300 | 3,076 | ||||||
Sac’s Bar Holdings, Inc. | 300 | 3,367 | ||||||
Sanrio Co., Ltd. | 100 | 1,962 | ||||||
T-Gaia Corp. | 100 | 1,897 | ||||||
USS Co., Ltd. | 300 | 5,962 | ||||||
Yamada Denki Co., Ltd. | 800 | 3,973 | ||||||
Yellow Hat Ltd. | 100 | 2,385 | ||||||
|
| |||||||
Total Specialty Retail | 49,076 | |||||||
Technology Hardware, Storage & Peripherals – 3.1% | ||||||||
Brother Industries Ltd. | 200 | 4,616 | ||||||
Canon, Inc. | 1,600 | 54,340 | ||||||
FUJIFILM Holdings Corp. | 200 | 7,191 | ||||||
Konica Minolta, Inc. | 100 | 830 | ||||||
NEC Corp. | 2,000 | 5,304 | ||||||
Ricoh Co., Ltd. | 500 | 4,414 | ||||||
Seiko Epson Corp. | 400 | 8,896 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 85,591 | |||||||
Textiles, Apparel & Luxury Goods – 0.1% | ||||||||
Yondoshi Holdings, Inc. | 100 | 2,493 | ||||||
Tobacco – 2.3% | ||||||||
Japan Tobacco, Inc. | 1,800 | 63,231 | ||||||
Trading Companies & Distributors – 5.2% | ||||||||
ITOCHU Corp. | 1,600 | 23,767 | ||||||
Marubeni Corp. | 1,900 | 12,273 | ||||||
MISUMI Group, Inc. | 200 | 4,567 | ||||||
Mitsubishi Corp. | 1,600 | 33,549 | ||||||
Mitsui & Co., Ltd. | 2,300 | 32,864 | ||||||
Sojitz Corp. | 1,100 | 2,702 | ||||||
Sumitomo Corp. | 1,500 | 19,518 | ||||||
Toyota Tsusho Corp. | 200 | 5,990 | ||||||
Yamazen Corp. | 500 | 5,069 | ||||||
Yuasa Trading Co., Ltd. | 100 | 3,035 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 143,334 | |||||||
Wireless Telecommunication Services – 5.2% | ||||||||
KDDI Corp. | 2,000 | 52,955 | ||||||
NTT DOCOMO, Inc. | 3,200 | 75,529 | ||||||
SoftBank Group Corp. | 200 | 16,192 | ||||||
|
| |||||||
Total Wireless Telecommunication Services | 144,676 | |||||||
TOTAL COMMON STOCKS (Cost: $2,481,310) | 2,747,043 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% | ||||||||
United States – 0.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(b) (Cost: $7,961)(c) | 7,961 | 7,961 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $2,489,271) | 2,755,004 | |||||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.1% | 1,939 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,756,943 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of June 30, 2017. |
(c) | At June 30, 2017, the total market value of the Fund’s securities on loan was $7,586 and the total market value of the collateral held by the Fund was $7,961. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2017 | JPY | 52,241,641 | USD | 473,100 | $ | 8,151 | ||||||||||||||
7/5/2017 | JPY | 52,241,026 | USD | 473,100 | 8,157 | |||||||||||||||
7/5/2017 | JPY | 52,246,041 | USD | 473,100 | 8,112 | |||||||||||||||
7/5/2017 | JPY | 52,241,310 | USD | 473,100 | 8,154 | |||||||||||||||
7/5/2017 | JPY | 39,802,786 | USD | 360,460 | 6,217 | |||||||||||||||
7/5/2017 | USD | 473,100 | JPY | 53,158,935 | 13 | |||||||||||||||
7/5/2017 | USD | 360,460 | JPY | 40,502,006 | 6 | |||||||||||||||
7/5/2017 | USD | 473,100 | JPY | 53,159,124 | 14 | |||||||||||||||
7/5/2017 | USD | 473,100 | JPY | 53,158,840 | 12 | |||||||||||||||
7/5/2017 | USD | 473,100 | JPY | 53,157,516 | — | |||||||||||||||
8/3/2017 | JPY | 54,465,291 | USD | 485,308 | (18 | ) | ||||||||||||||
8/3/2017 | JPY | 41,497,318 | USD | 369,763 | (8 | ) | ||||||||||||||
8/3/2017 | JPY | 54,466,310 | USD | 485,308 | (27 | ) | ||||||||||||||
8/3/2017 | JPY | 54,465,243 | USD | 485,308 | (17 | ) | ||||||||||||||
8/3/2017 | JPY | 54,463,302 | USD | 485,308 | — | |||||||||||||||
$ | 38,766 |
CURRENCY LEGEND |
JPY – Japanese yen
USD – U.S. dollar
See Notes to Financial Statements.
64 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.1% | ||||||||
Brazil – 6.0% | ||||||||
AES Tiete Energia S.A. | 1,208 | $ | 4,977 | |||||
Alupar Investimento S.A. | 1,715 | 9,364 | ||||||
Ambev S.A. | 21,988 | 121,512 | ||||||
Banco Bradesco S.A. | 5,610 | 46,732 | ||||||
Banco do Brasil S.A. | 2,858 | 23,117 | ||||||
Banco Santander Brasil S.A. | 4,957 | 37,403 | ||||||
BB Seguridade Participacoes S.A. | 5,233 | 45,250 | ||||||
BM&FBovespa S.A. | 3,921 | 23,373 | ||||||
BRF S.A. | 1,205 | 14,257 | ||||||
CCR S.A. | 5,440 | 27,748 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo | 805 | 7,692 | ||||||
Cia Hering | 1,208 | 7,201 | ||||||
Cielo S.A. | 2,677 | 19,876 | ||||||
Cosan S.A. Industria e Comercio | 403 | 4,206 | ||||||
Engie Brasil Energia S.A. | 3,212 | 32,883 | ||||||
Equatorial Energia S.A. | 501 | 8,193 | ||||||
Ez Tec Empreendimentos e Participacoes S.A. | 1,268 | 6,793 | ||||||
Fibria Celulose S.A. | 700 | 7,143 | ||||||
Gerdau S.A. | 1,204 | 3,692 | ||||||
Grendene S.A. | 1,208 | 9,345 | ||||||
Itau Unibanco Holding S.A. | 3,977 | 39,059 | ||||||
JBS S.A. | 26 | 51 | ||||||
Klabin S.A. | 1,608 | 7,877 | ||||||
Kroton Educacional S.A. | 2,311 | 10,372 | ||||||
Localiza Rent a Car S.A. | 421 | 5,737 | ||||||
Lojas Renner S.A. | 883 | 7,297 | ||||||
Mahle-Metal Leve S.A. | 1,403 | 8,236 | ||||||
MRV Engenharia e Participacoes S.A. | 1,512 | 6,170 | ||||||
Multiplan Empreendimentos Imobiliarios S.A. | 421 | 8,300 | ||||||
Multiplus S.A. | 903 | 10,583 | ||||||
Natura Cosmeticos S.A. | 207 | 1,606 | ||||||
Odontoprev S.A. | 2,012 | 7,074 | ||||||
Porto Seguro S.A. | 803 | 7,419 | ||||||
Raia Drogasil S.A. | 401 | 8,485 | ||||||
Smiles S.A. | 803 | 14,634 | ||||||
Sul America S.A. | 864 | 4,616 | ||||||
TIM Participacoes S.A. | 4,621 | 13,654 | ||||||
TOTVS S.A. | 803 | 7,309 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 3,414 | 22,710 | ||||||
Ultrapar Participacoes S.A. | 803 | 18,788 | ||||||
Vale S.A. | 2,762 | 24,175 | ||||||
WEG S.A. | 2,414 | 12,896 | ||||||
|
| |||||||
Total Brazil | 707,805 | |||||||
Chile – 2.2% | ||||||||
AES Gener S.A. | 51,106 | 17,987 | ||||||
Aguas Andinas S.A. Class A | 22,667 | 13,263 | ||||||
Banco de Chile | 169,329 | 21,963 | ||||||
Banco de Credito e Inversiones | 188 | 10,492 | ||||||
Banco Santander Chile | 389,185 | 24,731 | ||||||
CAP S.A. | 1,275 | 10,181 | ||||||
Cencosud S.A. | 5,021 | 13,318 | ||||||
Cia Cervecerias Unidas S.A. | 546 | 7,151 | ||||||
Colbun S.A. | 13,508 | 2,901 | ||||||
Empresas CMPC S.A. | 2,134 | 5,094 | ||||||
Empresas COPEC S.A. | 2,330 | 25,409 | ||||||
Enel Americas S.A. | 140,419 | 26,598 | ||||||
Enel Chile S.A. | 89,726 | 9,827 | ||||||
Enel Generacion Chile S.A. | 16,672 | 12,546 | ||||||
Inversiones Aguas Metropolitanas S.A. | 4,290 | 7,255 | ||||||
Inversiones La Construccion S.A. | 437 | 5,413 | ||||||
Itau CorpBanca | 1,009,675 | 8,975 | ||||||
Ripley Corp. S.A. | 14,627 | 11,137 | ||||||
S.A.C.I. Falabella | 2,398 | 19,676 | ||||||
Sociedad Matriz del Banco de Chile S.A. Class B | 18,050 | 7,277 | ||||||
SONDA S.A. | 1,378 | 2,256 | ||||||
|
| |||||||
Total Chile | 263,450 | |||||||
China – 21.7% | ||||||||
AAC Technologies Holdings, Inc. | 1,500 | 18,754 | ||||||
Agricultural Bank of China Ltd. Class H | 80,000 | 37,815 | ||||||
Air China Ltd. Class H | 6,000 | 6,187 | ||||||
Anhui Conch Cement Co., Ltd. Class H | 4,000 | 13,912 | ||||||
ANTA Sports Products Ltd. | 5,000 | 16,525 | ||||||
BAIC Motor Corp., Ltd. Class H(a) | 6,000 | 5,818 | ||||||
Bank of China Ltd. Class H | 200,000 | 98,124 | ||||||
Bank of Communications Co., Ltd. Class H | 76,000 | 53,643 | ||||||
Beijing Enterprises Holdings Ltd. | 2,000 | 9,646 | ||||||
Beijing Enterprises Water Group Ltd.* | 8,000 | 6,210 | ||||||
Belle International Holdings Ltd. | 33,000 | 26,040 | ||||||
Brilliance China Automotive Holdings Ltd. | 8,000 | 14,572 | ||||||
Central China Securities Co., Ltd. Class H(b) | 5,000 | 2,370 | ||||||
China CITIC Bank Corp., Ltd. Class H | 25,000 | 15,308 | ||||||
China Communications Construction Co., Ltd. Class H | 6,000 | 7,732 | ||||||
China Conch Venture Holdings Ltd. | 4,000 | 7,327 | ||||||
China Construction Bank Corp. Class H | 574,000 | 444,850 | ||||||
China Everbright Bank Co., Ltd. Class H | 16,000 | 7,481 | ||||||
China Everbright International Ltd. | 4,000 | 4,991 | ||||||
China Galaxy Securities Co., Ltd. Class H | 6,500 | 5,828 | ||||||
China Gas Holdings Ltd. | 8,000 | 16,151 | ||||||
China Greenland Broad Greenstate Group Co., Ltd. | 16,000 | 3,771 | ||||||
China Hongqiao Group Ltd.*† | 16,500 | 14,901 | ||||||
China International Marine Containers Group Co., Ltd. Class H | 3,200 | 5,722 | ||||||
China Jinmao Holdings Group Ltd. | 32,000 | 13,199 | ||||||
China Lesso Group Holdings Ltd. | 4,000 | �� | 3,074 | |||||
China Life Insurance Co., Ltd. Class H | 8,000 | 24,441 | ||||||
China Lilang Ltd. | 8,000 | 5,329 | ||||||
China Medical System Holdings Ltd. | 4,000 | 6,917 | ||||||
China Mengniu Dairy Co., Ltd.* | 4,000 | 7,840 | ||||||
China Merchants Bank Co., Ltd. Class H | 6,000 | 18,100 | ||||||
China Merchants Port Holdings Co., Ltd. | 6,055 | 16,793 | ||||||
China Minsheng Banking Corp., Ltd. Class H | 14,500 | 14,469 | ||||||
China Mobile Ltd. | 34,000 | 360,843 | ||||||
China National Building Material Co., Ltd. Class H | 8,000 | 4,755 | ||||||
China Oilfield Services Ltd. Class H | 6,000 | 4,811 | ||||||
China Overseas Land & Investment Ltd. | 14,000 | 40,979 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 65 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2017
Investments | Shares | Value | ||||||
China Pacific Insurance Group Co., Ltd. Class H | 3,400 | $ | 13,894 | |||||
China Petroleum & Chemical Corp. Class H | 64,000 | 49,928 | ||||||
China Power International Development Ltd. | 39,000 | 13,839 | ||||||
China Power New Energy Development Co., Ltd. | 4,000 | 2,552 | ||||||
China Resources Cement Holdings Ltd. | 24,000 | 11,929 | ||||||
China Resources Land Ltd. | 8,000 | 23,314 | ||||||
China Resources Power Holdings Co., Ltd. | 16,000 | 31,400 | ||||||
China Shenhua Energy Co., Ltd. Class H | 10,000 | 22,264 | ||||||
China Shineway Pharmaceutical Group Ltd. | 4,000 | 4,048 | ||||||
China South City Holdings Ltd. | 28,000 | 5,201 | ||||||
China State Construction International Holdings Ltd. | 8,000 | 13,691 | ||||||
China Telecom Corp., Ltd. Class H | 16,000 | 7,604 | ||||||
China Travel International Investment Hong Kong Ltd.(b) | 16,000 | 4,612 | ||||||
China Vanke Co., Ltd. Class H* | 2,000 | 5,662 | ||||||
China Yongda Automobiles Services Holdings Ltd.(b) | 4,000 | 4,073 | ||||||
China Zhongwang Holdings Ltd. | 19,200 | 8,436 | ||||||
CIFI Holdings Group Co., Ltd. | 24,000 | 10,668 | ||||||
CITIC Ltd. | 44,000 | 66,171 | ||||||
CITIC Securities Co., Ltd. Class H | 2,500 | 5,169 | ||||||
CITIC Telecom International Holdings Ltd. | 15,000 | 4,804 | ||||||
CNOOC Ltd. | 92,000 | 100,763 | ||||||
Cosmo Lady China Holdings Co., Ltd.(a)(b) | 7,000 | 2,842 | ||||||
Country Garden Holdings Co., Ltd. | 72,000 | 83,469 | ||||||
CPMC Holdings Ltd. | 4,000 | 1,973 | ||||||
CRRC Corp., Ltd. Class H | 5,000 | 4,496 | ||||||
CSPC Pharmaceutical Group Ltd. | 8,000 | 11,683 | ||||||
Dali Foods Group Co., Ltd.(a) | 22,000 | 12,625 | ||||||
Far East Horizon Ltd. | 8,000 | 6,979 | ||||||
FIH Mobile Ltd. | 19,000 | 5,866 | ||||||
Fosun International Ltd. | 4,500 | 7,033 | ||||||
GF Securities Co., Ltd. Class H | 2,600 | 5,222 | ||||||
Golden Eagle Retail Group Ltd.(b) | 4,000 | 5,534 | ||||||
Guangdong Investment Ltd. | 8,000 | 11,027 | ||||||
Guangzhou Automobile Group Co., Ltd. Class H | 8,000 | 14,040 | ||||||
Guotai Junan International Holdings Ltd.(b) | 12,000 | 3,720 | ||||||
Haitian International Holdings Ltd. | 4,000 | 11,221 | ||||||
Haitong Securities Co., Ltd. Class H | 4,000 | 6,466 | ||||||
Hengan International Group Co., Ltd. | 2,500 | 18,446 | ||||||
Huadian Power International Corp., Ltd. Class H | 16,000 | 7,153 | ||||||
Huaneng Power International, Inc. Class H | 32,000 | 22,217 | ||||||
Huishang Bank Corp., Ltd. Class H | 12,000 | 6,195 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 200,000 | 135,016 | ||||||
Kunlun Energy Co., Ltd. | 16,000 | 13,568 | ||||||
KWG Property Holding Ltd. | 10,000 | 6,700 | ||||||
Lee & Man Paper Manufacturing Ltd. | 12,000 | 11,145 | ||||||
Lenovo Group Ltd. | 24,000 | 15,157 | ||||||
Longfor Properties Co., Ltd. | 8,000 | 17,196 | ||||||
MGM China Holdings Ltd. | 3,600 | 8,006 | ||||||
Nine Dragons Paper Holdings Ltd. | 8,000 | 10,658 | ||||||
People’s Insurance Co. Group of China Ltd. (The) Class H | 4,000 | 1,681 | ||||||
PetroChina Co., Ltd. Class H | 30,000 | 18,369 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 6,000 | 39,544 | ||||||
Shanghai Industrial Holdings Ltd. | 4,000 | 11,836 | ||||||
Shengjing Bank Co., Ltd. Class H(a) | 500 | 427 | ||||||
Shenzhen International Holdings Ltd. | 6,000 | 11,006 | ||||||
Shenzhen Investment Ltd. | 16,000 | 7,071 | ||||||
Shenzhou International Group Holdings Ltd. | 4,000 | 26,286 | ||||||
Shimao Property Holdings Ltd. | 10,000 | 17,114 | ||||||
Shui On Land Ltd. | 24,000 | 5,811 | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. | 16,000 | 6,702 | ||||||
Sino-Ocean Group Holding Ltd. | 18,000 | 8,808 | ||||||
Sinopec Engineering Group Co., Ltd. Class H | 6,000 | 5,411 | ||||||
Sinopharm Group Co., Ltd. Class H | 1,600 | 7,235 | ||||||
SITC International Holdings Co., Ltd. | 8,000 | 6,292 | ||||||
Skyworth Digital Holdings Ltd. | 10,000 | 6,213 | ||||||
Sun Art Retail Group Ltd. | 12,500 | 9,960 | ||||||
Sunac China Holdings Ltd.(b) | 8,000 | 16,725 | ||||||
Tencent Holdings Ltd. | 1,200 | 42,918 | ||||||
Tingyi Cayman Islands Holding Corp.(b) | 8,000 | 9,490 | ||||||
Want Want China Holdings Ltd.(b) | 20,000 | 13,502 | ||||||
WH Group Ltd.(a) | 20,000 | 20,188 | ||||||
Xingda International Holdings Ltd. | 18,000 | 7,286 | ||||||
Xinyi Glass Holdings Ltd.* | 8,000 | 7,922 | ||||||
Xinyi Solar Holdings Ltd.*(b) | 4,000 | 1,143 | ||||||
XTEP International Holdings Ltd. | 7,000 | 2,699 | ||||||
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a) | 1,600 | 3,398 | ||||||
Yuexiu Property Co., Ltd. | 56,000 | 9,541 | ||||||
Yuexiu Transport Infrastructure Ltd. | 8,000 | 5,739 | ||||||
Zhejiang Expressway Co., Ltd. Class H | 8,000 | 10,453 | ||||||
|
| |||||||
Total China | 2,581,673 | |||||||
Czech Republic – 0.8% | ||||||||
CEZ AS | 3,211 | 55,815 | ||||||
Komercni Banka AS | 583 | 23,323 | ||||||
O2 Czech Republic AS | 1,367 | 16,197 | ||||||
|
| |||||||
Total Czech Republic | 95,335 | |||||||
Hong Kong – 0.4% | ||||||||
Chow Tai Fook Jewellery Group Ltd. | 15,200 | 16,103 | ||||||
CP Pokphand Co., Ltd. | 32,000 | 2,459 | ||||||
Kerry Logistics Network Ltd. | 4,000 | 5,913 | ||||||
Kingboard Chemical Holdings Ltd. | 3,000 | 11,952 | ||||||
Kingboard Laminates Holdings Ltd. | 9,000 | 10,860 | ||||||
|
| |||||||
Total Hong Kong | 47,287 | |||||||
Hungary – 0.3% | ||||||||
MOL Hungarian Oil & Gas PLC | 261 | 20,441 | ||||||
OTP Bank PLC | 449 | 14,994 | ||||||
|
| |||||||
Total Hungary | 35,435 | |||||||
India – 2.7% | ||||||||
Ambuja Cements Ltd. | 891 | 3,399 | ||||||
Asian Paints Ltd. | 236 | 4,027 | ||||||
Axis Bank Ltd. GDR Reg S | 180 | 7,164 | ||||||
Bajaj Auto Ltd. | 80 | 3,455 | ||||||
Bharat Petroleum Corp., Ltd. | 595 | 5,886 | ||||||
Bharti Airtel Ltd. | 703 | 4,130 |
See Notes to Financial Statements.
66 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2017
Investments | Shares | Value | ||||||
Bharti Infratel Ltd. | 329 | $ | 1,906 | |||||
Cadila Healthcare Ltd. | 680 | 5,525 | ||||||
Coal India Ltd. | 3,345 | 12,640 | ||||||
Cummins India Ltd. | 285 | 4,055 | ||||||
GAIL India Ltd. | 744 | 4,160 | ||||||
HCL Technologies Ltd. | 912 | 12,006 | ||||||
Hero MotoCorp Ltd. | 116 | 6,643 | ||||||
Hindustan Petroleum Corp., Ltd. | 481 | 3,798 | ||||||
Hindustan Unilever Ltd. | 819 | 13,679 | ||||||
ICICI Bank Ltd. ADR | 1,768 | 15,856 | ||||||
Idea Cellular Ltd. | 850 | 1,121 | ||||||
Indian Oil Corp., Ltd. | 619 | 3,689 | ||||||
Infosys Ltd. ADR | 2,666 | 40,043 | ||||||
ITC Ltd. | 3,221 | 16,128 | ||||||
Larsen & Toubro Ltd. GDR Reg S | 353 | 9,107 | ||||||
Mahindra & Mahindra Ltd. GDR | 337 | 7,212 | ||||||
NTPC Ltd. | 3,775 | 9,283 | ||||||
Oil & Natural Gas Corp., Ltd. | 4,961 | 12,073 | ||||||
Power Grid Corp. of India Ltd. | 763 | 2,485 | ||||||
Reliance Industries Ltd. GDR*(a) | 651 | 27,602 | ||||||
Reliance Infrastructure Ltd. | 496 | 3,817 | ||||||
State Bank of India GDR Reg S | 401 | 17,043 | ||||||
Sun Pharmaceutical Industries Ltd. | 259 | 2,227 | ||||||
Tata Consultancy Services Ltd. | 469 | 17,141 | ||||||
Tata Power Co., Ltd. (The) | 2,939 | 3,663 | ||||||
Tech Mahindra Ltd. | 244 | 1,442 | ||||||
Torrent Power Ltd. | 445 | 1,223 | ||||||
UPL Ltd. | 409 | 5,318 | ||||||
Vedanta Ltd. ADR | 1,208 | 18,748 | ||||||
Wipro Ltd. ADR(b) | 602 | 3,130 | ||||||
Yes Bank Ltd. | 236 | 5,343 | ||||||
Zee Entertainment Enterprises Ltd. | 513 | 3,900 | ||||||
|
| |||||||
Total India | 320,067 | |||||||
Indonesia – 3.6% | ||||||||
Adaro Energy Tbk PT | 69,100 | 8,192 | ||||||
AKR Corporindo Tbk PT | 9,600 | 4,700 | ||||||
Astra Agro Lestari Tbk PT | 4,822 | 5,319 | ||||||
Astra International Tbk PT | 52,800 | 35,358 | ||||||
Bank Central Asia Tbk PT | 14,800 | 20,155 | ||||||
Bank Danamon Indonesia Tbk PT | 17,200 | 6,614 | ||||||
Bank Negara Indonesia Persero Tbk PT | 32,500 | 16,095 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 33,700 | 38,561 | ||||||
Bank Tabungan Negara Persero Tbk PT | 16,000 | 3,121 | ||||||
Charoen Pokphand Indonesia Tbk PT | 6,800 | 1,623 | ||||||
Global Mediacom Tbk PT* | 25,300 | 1,101 | ||||||
Gudang Garam Tbk PT | 3,200 | 18,800 | ||||||
Hanjaya Mandala Sampoerna Tbk PT | 186,400 | 53,707 | ||||||
Indo Tambangraya Megah Tbk PT | 10,400 | 13,500 | ||||||
Indofood CBP Sukses Makmur Tbk PT | 13,600 | 8,980 | ||||||
Indofood Sukses Makmur Tbk PT | 22,800 | 14,712 | ||||||
Jasa Marga Persero Tbk PT | 12,400 | 4,978 | ||||||
Kalbe Farma Tbk PT | 53,800 | 6,560 | ||||||
Lippo Karawaci Tbk PT | 34,900 | 1,728 | ||||||
Matahari Department Store Tbk PT | 4,800 | 5,105 | ||||||
Matahari Putra Prima Tbk PT* | 20,400 | 1,071 | ||||||
Media Nusantara Citra Tbk PT* | 52,600 | 7,262 | ||||||
Mitra Keluarga Karyasehat Tbk PT | 10,000 | 1,501 | ||||||
Pakuwon Jati Tbk PT | 48,500 | 2,238 | ||||||
Perusahaan Gas Negara Persero Tbk | 76,300 | 12,881 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 18,800 | 1,933 | ||||||
Semen Indonesia Persero Tbk PT | 14,400 | 10,805 | ||||||
Summarecon Agung Tbk PT | 16,400 | 1,587 | ||||||
Surya Citra Media Tbk PT | 24,900 | 4,839 | ||||||
Tambang Batubara Bukit Asam Persero Tbk PT | 10,800 | 9,684 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 146,300 | 49,617 | ||||||
Unilever Indonesia Tbk PT | 9,600 | 35,151 | ||||||
United Tractors Tbk PT | 10,000 | 20,597 | ||||||
|
| |||||||
Total Indonesia | 428,075 | |||||||
Malaysia – 4.5% | ||||||||
AirAsia Bhd | 2,400 | 1,817 | ||||||
Alliance Financial Group Bhd | 5,600 | 5,023 | ||||||
AMMB Holdings Bhd | 9,600 | 10,914 | ||||||
Astro Malaysia Holdings Bhd | 14,000 | 8,251 | ||||||
Axiata Group Bhd | 11,400 | 12,827 | ||||||
Berjaya Sports Toto Bhd | 4,800 | 2,829 | ||||||
Bermaz Auto Bhd | 2,600 | 1,217 | ||||||
BIMB Holdings Bhd | 1,600 | 1,696 | ||||||
British American Tobacco Malaysia Bhd | 900 | 9,103 | ||||||
Bursa Malaysia Bhd | 800 | 1,975 | ||||||
Cahya Mata Sarawak Bhd | 2,400 | 2,248 | ||||||
Carlsberg Brewery Malaysia Bhd | 1,600 | 5,591 | ||||||
CIMB Group Holdings Bhd | 14,800 | 22,686 | ||||||
Dialog Group Bhd | 4,400 | 1,968 | ||||||
DiGi.Com Bhd | 22,400 | 26,091 | ||||||
Dutch Lady Milk Industries Bhd | 800 | 10,880 | ||||||
Felda Global Ventures Holdings Bhd | 17,600 | 7,011 | ||||||
Fraser & Neave Holdings Bhd | 400 | 2,358 | ||||||
Gamuda Bhd | 6,000 | 7,688 | ||||||
Genting Bhd | 800 | 1,754 | ||||||
Genting Malaysia Bhd | 6,400 | 8,200 | ||||||
HAP Seng Consolidated Bhd | 6,400 | 13,761 | ||||||
Hartalega Holdings Bhd | 1,600 | 2,751 | ||||||
Hong Leong Bank Bhd | 2,800 | 10,215 | ||||||
Hong Leong Financial Group Bhd | 1,600 | 6,262 | ||||||
IHH Healthcare Bhd | 4,000 | 5,358 | ||||||
IJM Corp. Bhd | 7,600 | 6,126 | ||||||
IOI Corp. Bhd | 8,800 | 9,123 | ||||||
IOI Properties Group Bhd | 10,475 | 5,368 | ||||||
Kuala Lumpur Kepong Bhd | 1,600 | 9,274 | ||||||
Lingkaran Trans Kota Holdings Bhd | 1,200 | 1,647 | ||||||
Magnum Bhd | 1,900 | 766 | ||||||
Mah Sing Group Bhd | 13,600 | 5,132 | ||||||
Malakoff Corp. Bhd | 6,800 | 1,679 | ||||||
Malayan Banking Bhd | 20,300 | 45,540 | ||||||
Malaysia Airports Holdings Bhd | 2,800 | 5,583 | ||||||
Maxis Bhd | 12,400 | 16,032 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 67 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2017
Investments | Shares | Value | ||||||
MISC Bhd | 10,500 | $ | 18,247 | |||||
MMC Corp. Bhd | 2,800 | 1,618 | ||||||
Nestle Malaysia Bhd | 400 | 7,920 | ||||||
Petronas Chemicals Group Bhd | 13,600 | 22,494 | ||||||
Petronas Dagangan Bhd | 1,600 | 8,983 | ||||||
Petronas Gas Bhd | 3,800 | 16,412 | ||||||
Press Metal Bhd† | 18,740 | 11,700 | ||||||
Public Bank Bhd | 5,200 | 24,615 | ||||||
RHB Bank Bhd | 5,200 | 6,130 | ||||||
Sime Darby Bhd | 16,000 | 35,409 | ||||||
SP Setia Bhd Group | 6,000 | 4,878 | ||||||
Sunway Bhd | 2,821 | 2,576 | ||||||
Telekom Malaysia Bhd | 8,400 | 13,013 | ||||||
Tenaga Nasional Bhd | 8,000 | 26,352 | ||||||
Top Glove Corp. Bhd | 4,000 | 5,358 | ||||||
UEM Edgenta Bhd | 2,000 | 1,230 | ||||||
UOA Development Bhd | 3,600 | 2,139 | ||||||
Westports Holdings Bhd | 5,700 | 4,833 | ||||||
YTL Corp. Bhd | 33,900 | 11,530 | ||||||
YTL Power International Bhd | 32,500 | 10,978 | ||||||
|
| |||||||
Total Malaysia | 533,159 | |||||||
Mexico – 3.1% | ||||||||
Alfa S.A.B. de C.V. Class A | 3,933 | 5,611 | ||||||
Alpek S.A.B. de C.V. | 2,432 | 2,925 | ||||||
America Movil S.A.B. de C.V. Series L | 59,624 | 48,095 | ||||||
Arca Continental S.A.B. de C.V. | 2,012 | 15,161 | ||||||
Coca-Cola Femsa S.A.B. de C.V. Series L | 803 | 6,822 | ||||||
Concentradora Fibra Danhos S.A. de C.V. | 4,014 | 7,245 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. | 1,884 | 18,607 | ||||||
Gruma S.A.B. de C.V. Class B | 441 | 5,767 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 1,208 | 7,320 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B | 1,208 | 13,641 | ||||||
Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B | 441 | 9,330 | ||||||
Grupo Carso S.A.B. de C.V. Series A1 | 1,611 | 6,803 | ||||||
Grupo Financiero Banorte S.A.B. de C.V. Class O | 3,217 | 20,509 | ||||||
Grupo Financiero Inbursa S.A.B. de C.V. Class O | 4,023 | 6,890 | ||||||
Grupo Financiero Santander Mexico S.A.B. de C.V. Class B | 5,634 | 10,923 | ||||||
Grupo Herdez S.A.B. de C.V. | 1,208 | 2,618 | ||||||
Grupo Lala S.A.B. de C.V.(b) | 1,714 | 3,148 | ||||||
Grupo Mexico S.A.B. de C.V. Series B | 10,466 | 29,531 | ||||||
Grupo Televisa S.A.B. Series CPO | 803 | 3,924 | ||||||
Industrias Bachoco S.A.B. de C.V. Series B | 1,208 | 5,789 | ||||||
Industrias Penoles S.A.B. de C.V. | 200 | 4,525 | ||||||
Infraestructura Energetica Nova S.A.B. de C.V. | 2,414 | 12,904 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 4,522 | 9,594 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.* | 6,522 | 7,737 | ||||||
Mexichem S.A.B. de C.V. | 2,063 | 5,553 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. | 40,421 | 94,086 | ||||||
|
| |||||||
Total Mexico | 365,058 | |||||||
Philippines – 1.9% | ||||||||
Aboitiz Equity Ventures, Inc. | 6,830 | 10,307 | ||||||
Aboitiz Power Corp. | 16,400 | 12,643 | ||||||
Alliance Global Group, Inc. | 15,200 | 4,308 | ||||||
Ayala Corp. | 320 | 5,390 | ||||||
Ayala Land, Inc. | 8,400 | 6,617 | ||||||
Bank of the Philippine Islands | 4,330 | 8,924 | ||||||
BDO Unibank, Inc. | 5,281 | 12,977 | ||||||
Century Pacific Food, Inc. | 9,100 | 3,246 | ||||||
DMCI Holdings, Inc. | 40,900 | 11,429 | ||||||
Energy Development Corp. | 74,300 | 8,908 | ||||||
First Gen Corp. | 5,600 | 2,097 | ||||||
Globe Telecom, Inc. | 400 | 16,235 | ||||||
International Container Terminal Services, Inc. | 3,410 | 6,609 | ||||||
JG Summit Holdings, Inc. | 1,440 | 2,312 | ||||||
Jollibee Foods Corp. | 1,160 | 4,690 | ||||||
LT Group, Inc. | 6,000 | 1,748 | ||||||
Manila Electric Co. | 4,680 | 24,188 | ||||||
Manila Water Co., Inc. | 8,800 | 5,415 | ||||||
Metro Pacific Investments Corp. | 6,200 | 785 | ||||||
Metropolitan Bank & Trust Co. | 3,570 | 6,191 | ||||||
Nickel Asia Corp. | 29,000 | 3,678 | ||||||
PLDT, Inc. | 850 | 30,287 | ||||||
San Miguel Corp. | 4,450 | 9,172 | ||||||
Semirara Mining & Power Corp. | 2,200 | 6,998 | ||||||
SM Investments Corp. | 960 | 15,277 | ||||||
SM Prime Holdings, Inc. | 14,800 | 9,679 | ||||||
|
| |||||||
Total Philippines | 230,110 | |||||||
Poland – 1.5% | ||||||||
Asseco Poland S.A. | 286 | 3,761 | ||||||
Bank Handlowy w Warszawie S.A.(b) | 553 | 10,257 | ||||||
Bank Pekao S.A. | 718 | 24,164 | ||||||
Bank Zachodni WBK S.A. | 168 | 15,508 | ||||||
CCC S.A. | 48 | 2,912 | ||||||
Energa S.A. | 1,780 | 5,026 | ||||||
Eurocash S.A. | 308 | 2,575 | ||||||
ING Bank Slaski S.A.* | 273 | 13,424 | ||||||
KGHM Polska Miedz S.A. | 699 | 20,857 | ||||||
Polski Koncern Naftowy Orlen S.A. | 739 | 22,300 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo S.A. | 12,144 | 20,697 | ||||||
Powszechny Zaklad Ubezpieczen S.A. | 2,967 | 35,676 | ||||||
Warsaw Stock Exchange | 15 | 197 | ||||||
|
| |||||||
Total Poland | 177,354 | |||||||
Russia – 8.3% | ||||||||
Gazprom Neft PJSC ADR | 579 | 8,859 | ||||||
Gazprom PJSC ADR | 32,312 | 127,891 | ||||||
LSR Group PJSC GDR Reg S | 2,472 | 7,045 | ||||||
Lukoil PJSC ADR | 3,539 | 172,349 | ||||||
Magnit PJSC GDR Reg S | 922 | 31,348 | ||||||
Magnitogorsk Iron & Steel Works PJSC GDR Reg S | 2,167 | 16,036 | ||||||
MegaFon PJSC GDR Reg S | 5,390 | 49,372 | ||||||
MMC Norilsk Nickel PJSC ADR | 5,515 | 76,107 | ||||||
Mobile TeleSystems PJSC ADR | 7,728 | 64,761 |
See Notes to Financial Statements.
68 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2017
Investments | Shares | Value | ||||||
Novatek PJSC GDR Reg S | 475 | $ | 52,915 | |||||
Novolipetsk Steel PJSC GDR | 2,887 | 55,892 | ||||||
PhosAgro PJSC GDR Reg S | 2,892 | 38,319 | ||||||
Rosneft Oil Co. PJSC GDR Reg S | 25,254 | 137,256 | ||||||
RusHydro PJSC ADR | 8,303 | 10,628 | ||||||
Sberbank of Russia PJSC ADR | 3,888 | 40,241 | ||||||
Severstal PJSC GDR Reg S | 2,736 | 35,896 | ||||||
Tatneft PJSC ADR | 892 | 33,628 | ||||||
VTB Bank PJSC GDR Reg S | 10,709 | 22,521 | ||||||
|
| |||||||
Total Russia | 981,064 | |||||||
South Africa – 5.9% | ||||||||
Aeci Ltd. | 839 | 6,806 | ||||||
African Rainbow Minerals Ltd. | 202 | 1,300 | ||||||
Aspen Pharmacare Holdings Ltd. | 362 | 7,932 | ||||||
Assore Ltd. | 300 | 4,462 | ||||||
AVI Ltd. | 1,116 | 8,092 | ||||||
Barclays Africa Group Ltd. | 2,679 | 29,392 | ||||||
Barloworld Ltd. | 1,015 | 8,428 | ||||||
Bidvest Group Ltd. (The) | 986 | 11,858 | ||||||
Capevin Holdings Ltd. | 5,805 | 4,010 | ||||||
Capitec Bank Holdings Ltd. | 128 | 8,108 | ||||||
Clicks Group Ltd. | 755 | 8,067 | ||||||
Coronation Fund Managers Ltd. | 1,776 | 8,836 | ||||||
Discovery Ltd. | 647 | 6,317 | ||||||
Distell Group Ltd. | 596 | 6,232 | ||||||
Exxaro Resources Ltd. | 811 | 5,756 | ||||||
FirstRand Ltd. | 13,049 | 46,957 | ||||||
Foschini Group Ltd. (The) | 785 | 8,225 | ||||||
Hyprop Investments Ltd. | 627 | 5,587 | ||||||
Imperial Holdings Ltd. | 627 | 7,704 | ||||||
Investec Ltd. | 1,017 | 7,490 | ||||||
Lewis Group Ltd.(b) | 2,109 | 5,255 | ||||||
Liberty Holdings Ltd. | 949 | 8,148 | ||||||
Life Healthcare Group Holdings Ltd. | 2,979 | 5,832 | ||||||
Massmart Holdings Ltd. | 587 | 4,726 | ||||||
MMI Holdings Ltd. | 6,712 | 10,368 | ||||||
Mondi Ltd. | 261 | 6,755 | ||||||
Mr. Price Group Ltd. | 729 | 8,680 | ||||||
MTN Group Ltd. | 12,046 | 104,900 | ||||||
Naspers Ltd. Class N | 76 | 14,762 | ||||||
Nedbank Group Ltd. | 1,134 | 18,070 | ||||||
Netcare Ltd. | 2,813 | 5,524 | ||||||
Oceana Group Ltd. | 536 | 3,719 | ||||||
Pick n Pay Stores Ltd. | 1,059 | 4,769 | ||||||
Pioneer Foods Group Ltd. | 74 | 765 | ||||||
Rand Merchant Investment Holdings Ltd. | 2,330 | 6,934 | ||||||
Remgro Ltd. | 422 | 6,875 | ||||||
Resilient REIT Ltd. | 651 | 6,049 | ||||||
Reunert Ltd. | 1,067 | 5,971 | ||||||
RMB Holdings Ltd. | 3,530 | 15,828 | ||||||
Sanlam Ltd. | 3,560 | 17,606 | ||||||
Santam Ltd. | 325 | 5,936 | ||||||
Sasol Ltd. | 1,723 | 48,195 | ||||||
Shoprite Holdings Ltd. | 903 | 13,741 | ||||||
Sibanye Gold Ltd. | 4,690 | 5,387 | ||||||
SPAR Group Ltd. (The) | 622 | 7,316 | ||||||
Standard Bank Group Ltd. | 3,758 | 41,313 | ||||||
Telkom S.A. SOC Ltd.(b) | 1,399 | 6,572 | ||||||
Tiger Brands Ltd. | 405 | 11,372 | ||||||
Truworths International Ltd. | 1,206 | 6,581 | ||||||
Tsogo Sun Holdings Ltd. | 2,397 | 4,100 | ||||||
Vodacom Group Ltd. | 6,037 | 75,688 | ||||||
Woolworths Holdings Ltd. | 3,550 | 16,704 | ||||||
|
| |||||||
Total South Africa | 706,000 | |||||||
South Korea – 10.1% | ||||||||
Amorepacific Corp. | 16 | 4,251 | ||||||
BNK Financial Group, Inc. | 273 | 2,613 | ||||||
Coway Co., Ltd. | 162 | 14,725 | ||||||
Daesang Holdings Co., Ltd. | 235 | 2,311 | ||||||
DGB Financial Group, Inc. | 755 | 7,787 | ||||||
Dongbu Insurance Co., Ltd. | 112 | 6,656 | ||||||
Dongsuh Cos., Inc. | 176 | 4,707 | ||||||
DONGSUNG Corp. | 615 | 3,639 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 244 | 4,468 | ||||||
E-Mart, Inc. | 32 | 6,559 | ||||||
Grand Korea Leisure Co., Ltd. | 204 | 3,994 | ||||||
GS Holdings Corp. | 192 | 11,445 | ||||||
GS Retail Co., Ltd. | 68 | 3,067 | ||||||
Hana Financial Group, Inc. | 425 | 16,808 | ||||||
Hana Tour Service, Inc. | 36 | 2,879 | ||||||
Hankook Tire Co., Ltd. | 144 | 8,005 | ||||||
Hanon Systems | 1,059 | 9,533 | ||||||
Hansae Co., Ltd. | 60 | 1,405 | ||||||
Hanssem Co., Ltd. | 24 | 3,860 | ||||||
Hanwha Chemical Corp. | 92 | 2,428 | ||||||
Hanwha Life Insurance Co., Ltd. | 1,176 | 7,154 | ||||||
Hite Jinro Co., Ltd. | 411 | 8,370 | ||||||
Hyosung Corp. | 52 | 7,613 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 148 | 5,957 | ||||||
Hyundai Glovis Co., Ltd. | 57 | 7,822 | ||||||
Hyundai Greenfood Co., Ltd. | 365 | 5,647 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 200 | 6,878 | ||||||
Hyundai Motor Co. | 425 | 59,247 | ||||||
Hyundai Steel Co. | 180 | 9,785 | ||||||
Industrial Bank of Korea | 975 | 12,143 | ||||||
Interpark Corp. | 486 | 4,354 | ||||||
It’s Hanbul Co., Ltd. | 56 | 2,173 | ||||||
Kangwon Land, Inc. | 365 | 11,118 | ||||||
KB Financial Group, Inc. | 457 | 23,047 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 108 | 4,167 | ||||||
Kia Motors Corp. | 755 | 25,207 | ||||||
Korea Electric Power Corp. | 2,618 | 93,357 | ||||||
Korea Zinc Co., Ltd. | 20 | 7,971 | ||||||
Korean Reinsurance Co. | 184 | 1,946 | ||||||
KT Corp. ADR(b) | 454 | 7,555 | ||||||
KT&G Corp. | 297 | 30,371 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 69 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2017
Investments | Shares | Value | ||||||
Kumho Petrochemical Co., Ltd. | 120 | $ | 7,709 | |||||
Kyongbo Pharmaceutical Co., Ltd. | 168 | 1,924 | ||||||
LG Chem Ltd. | 80 | 20,347 | ||||||
LG Corp. | 220 | 14,863 | ||||||
LG Display Co., Ltd. | 578 | 18,742 | ||||||
LG Electronics, Inc. | 120 | 8,411 | ||||||
LG Household & Health Care Ltd. | 8 | 6,950 | ||||||
LG Uplus Corp. | 599 | 8,167 | ||||||
LIG Nex1 Co., Ltd. | 32 | 2,070 | ||||||
Lotte Chemical Corp. | 16 | 4,811 | ||||||
LOTTE Fine Chemical Co., Ltd. | 84 | 2,889 | ||||||
Lotte Shopping Co., Ltd. | 24 | 6,366 | ||||||
LS Corp. | 140 | 8,920 | ||||||
LS Industrial Systems Co., Ltd. | 132 | 6,438 | ||||||
Meritz Fire & Marine Insurance Co., Ltd. | 225 | 3,943 | ||||||
Meritz Securities Co., Ltd. | 1,427 | 6,311 | ||||||
Mirae Asset Daewoo Co., Ltd. | 719 | 6,944 | ||||||
NCSoft Corp. | 32 | 10,614 | ||||||
NH Investment & Securities Co., Ltd. | 513 | 6,658 | ||||||
Paradise Co., Ltd. | 184 | 2,308 | ||||||
POSCO | 261 | 65,470 | ||||||
Posco Daewoo Corp. | 200 | 3,898 | ||||||
S&T Motiv Co., Ltd. | 59 | 2,604 | ||||||
S-1 Corp. | 72 | 6,104 | ||||||
S-Oil Corp. | 156 | 12,926 | ||||||
Samsung C&T Corp. | 36 | 4,657 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 104 | 9,271 | ||||||
Samsung Electronics Co., Ltd. | 131 | 272,156 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 49 | 12,056 | ||||||
Samsung Life Insurance Co., Ltd. | 159 | 16,259 | ||||||
Samsung SDS Co., Ltd. | 16 | 2,580 | ||||||
Samsung Securities Co., Ltd. | 179 | 6,461 | ||||||
Seah Besteel Corp. | 92 | 2,456 | ||||||
Shinhan Financial Group Co., Ltd. | 636 | 27,404 | ||||||
SK Chemicals Co., Ltd. | 40 | 2,573 | ||||||
SK Holdings Co., Ltd. | 68 | 16,522 | ||||||
SK Hynix, Inc. | 562 | 33,106 | ||||||
SK Innovation Co., Ltd. | 168 | 23,273 | ||||||
SK Telecom Co., Ltd. | 231 | 53,704 | ||||||
SKC Co., Ltd. | 79 | 2,317 | ||||||
Tongyang Life Insurance Co., Ltd. | 361 | 3,152 | ||||||
|
| |||||||
Total South Korea | 1,197,356 | |||||||
Taiwan – 18.2% | ||||||||
Accton Technology Corp. | 4,000 | 10,204 | ||||||
Advanced Semiconductor Engineering, Inc. | 32,749 | 42,040 | ||||||
Asia Cement Corp. | 16,000 | 13,728 | ||||||
Asustek Computer, Inc. | 4,000 | 37,804 | ||||||
Aten International Co., Ltd. | 4,000 | 11,045 | ||||||
AU Optronics Corp. | 36,000 | 16,450 | ||||||
Cathay Financial Holding Co., Ltd. | 28,000 | 46,114 | ||||||
Chang Hwa Commercial Bank Ltd. | 4,000 | 2,295 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 12,000 | 25,523 | ||||||
Chicony Electronics Co., Ltd. | 4,005 | 10,151 | ||||||
Chin-Poon Industrial Co., Ltd. | 4,000 | 8,153 | ||||||
China Bills Finance Corp. | 4,000 | 1,979 | ||||||
China Development Financial Holding Corp. | 52,000 | 15,094 | ||||||
China Steel Corp. | 24,000 | 19,527 | ||||||
China Synthetic Rubber Corp. | 8,000 | 8,521 | ||||||
Chung-Hsin Electric & Machinery Manufacturing Corp. | 12,000 | 8,363 | ||||||
Chunghwa Telecom Co., Ltd. | 25,000 | 88,757 | ||||||
Clevo Co. | 4,000 | 3,590 | ||||||
Compal Electronics, Inc. | 16,000 | 10,782 | ||||||
CTBC Financial Holding Co., Ltd. | 39,720 | 26,049 | ||||||
CTCI Corp. | 4,000 | 6,811 | ||||||
Delta Electronics, Inc. | 8,000 | 43,787 | ||||||
E.Sun Financial Holding Co., Ltd. | 12,857 | 7,904 | ||||||
Elan Microelectronics Corp. | 4,000 | 5,562 | ||||||
Elite Semiconductor Memory Technology, Inc. | 6,000 | 7,268 | ||||||
Eternal Materials Co., Ltd. | 8,160 | 9,147 | ||||||
Everlight Electronics Co., Ltd. | 4,000 | 6,443 | ||||||
Far Eastern Department Stores Ltd. | 12,000 | 6,213 | ||||||
Far Eastern International Bank | 4,020 | 1,292 | ||||||
Far Eastern New Century Corp. | 16,000 | 13,018 | ||||||
Far EasTone Telecommunications Co., Ltd. | 8,000 | 20,381 | ||||||
Farglory Land Development Co., Ltd. | 4,000 | 5,128 | ||||||
Feng Hsin Steel Co., Ltd. | 4,000 | 6,654 | ||||||
First Financial Holding Co., Ltd. | 20,225 | 13,530 | ||||||
Formosa Chemicals & Fibre Corp. | 12,000 | 37,673 | ||||||
Formosa Petrochemical Corp. | 22,000 | 75,937 | ||||||
Formosa Plastics Corp. | 14,000 | 42,663 | ||||||
Foxconn Technology Co., Ltd. | 4,010 | 12,101 | ||||||
Fubon Financial Holding Co., Ltd.* | 28,000 | 44,596 | ||||||
Gigabyte Technology Co., Ltd. | 4,000 | 5,391 | ||||||
Greatek Electronics, Inc. | 4,000 | 6,496 | ||||||
Highwealth Construction Corp. | 8,000 | 13,254 | ||||||
Hon Hai Precision Industry Co., Ltd. | 48,100 | 185,000 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 20,310 | 11,784 | ||||||
Innolux Corp. | 44,000 | 22,998 | ||||||
Inventec Corp. | 24,000 | 19,566 | ||||||
Kenda Rubber Industrial Co., Ltd. | 4,020 | 6,383 | ||||||
King Yuan Electronics Co., Ltd. | 8,000 | 8,192 | ||||||
King’s Town Bank Co., Ltd. | 8,000 | 8,258 | ||||||
Kinik Co. | 4,000 | 10,099 | ||||||
Kinsus Interconnect Technology Corp. | 4,000 | 10,611 | ||||||
Lien Hwa Industrial Corp. | 4,025 | 3,731 | ||||||
Lite-On Technology Corp. | 12,014 | 19,747 | ||||||
Long Chen Paper Co., Ltd. | 12,494 | 14,005 | ||||||
MediaTek, Inc. | 4,000 | 34,254 | ||||||
Mega Financial Holding Co., Ltd. | 36,000 | 29,941 | ||||||
Merry Electronics Co., Ltd. | 3,000 | 18,639 | ||||||
Micro-Star International Co., Ltd. | 2,000 | 4,648 | ||||||
Nan Ya Plastics Corp. | 22,000 | 54,602 | ||||||
Nanya Technology Corp. | 9,000 | 16,213 | ||||||
Novatek Microelectronics Corp. | 4,000 | 16,174 | ||||||
Pegatron Corp. | 8,000 | 25,062 | ||||||
Pou Chen Corp. | 8,000 | 11,072 | ||||||
Powertech Technology, Inc. | 4,000 | 12,347 |
See Notes to Financial Statements.
70 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2017
Investments | Shares | Value | ||||||
President Chain Store Corp. | 4,000 | $ | 35,963 | |||||
Prince Housing & Development Corp. | 12,000 | 4,813 | ||||||
Qisda Corp. | 16,000 | 12,229 | ||||||
Quanta Computer, Inc. | 16,000 | 37,870 | ||||||
Realtek Semiconductor Corp. | 4,000 | 14,398 | ||||||
Rechi Precision Co., Ltd. | 8,000 | 9,112 | ||||||
Siliconware Precision Industries Co., Ltd.* | 16,000 | 25,851 | ||||||
SinoPac Financial Holdings Co., Ltd. | 28,350 | 8,667 | ||||||
Syncmold Enterprise Corp. | 4,000 | 9,296 | ||||||
Synnex Technology International Corp. | 12,150 | 13,620 | ||||||
Taiwan Cement Corp. | 16,000 | 18,514 | ||||||
Taiwan Cogeneration Corp. | 8,000 | 6,180 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 16,280 | 8,643 | ||||||
Taiwan Fertilizer Co., Ltd. | 4,000 | 5,319 | ||||||
Taiwan Mobile Co., Ltd. | 12,000 | 45,168 | ||||||
Taiwan PCB Techvest Co., Ltd. | 3,000 | 3,087 | ||||||
Taiwan Secom Co., Ltd. | 4,000 | 12,058 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 56,000 | 383,826 | ||||||
Teco Electric and Machinery Co., Ltd. | 8,000 | 7,692 | ||||||
Topco Scientific Co., Ltd. | 4,020 | 12,396 | ||||||
Transcend Information, Inc. | 4,000 | 13,412 | ||||||
Tripod Technology Corp. | 4,000 | 12,742 | ||||||
TSRC Corp. | 4,000 | 4,602 | ||||||
Tung Ho Steel Enterprise Corp. | 8,000 | 6,364 | ||||||
TXC Corp. | 4,000 | 5,930 | ||||||
Uni-President Enterprises Corp. | 8,000 | 16,042 | ||||||
Wistron Corp. | 12,089 | 12,300 | ||||||
Wistron NeWeb Corp. | 4,030 | 12,003 | ||||||
WPG Holdings Ltd. | 8,000 | 10,677 | ||||||
WT Microelectronics Co., Ltd. | 3,050 | 4,517 | ||||||
Yuanta Financial Holding Co., Ltd. | 28,000 | 12,334 | ||||||
Yulon Nissan Motor Co., Ltd. | 4,000 | 37,475 | ||||||
|
| |||||||
Total Taiwan | 2,163,844 | |||||||
Thailand – 5.6% | ||||||||
Advanced Info Service PCL NVDR | 18,800 | 98,234 | ||||||
Airports of Thailand PCL NVDR | 16,000 | 22,255 | ||||||
Asia Plus Group Holdings PCL NVDR | 65,100 | 6,976 | ||||||
Bangkok Dusit Medical Services PCL NVDR | 12,300 | 6,952 | ||||||
Bangkok Expressway & Metro PCL | 42,500 | 9,321 | ||||||
Bangkok Land PCL NVDR | 118,800 | 6,400 | ||||||
Bank of Ayudhya PCL NVDR | 9,200 | 10,088 | ||||||
Banpu PCL NVDR | 19,544 | 9,551 | ||||||
BEC World PCL NVDR | 6,900 | 4,266 | ||||||
BTS Group Holdings PCL NVDR | 58,000 | 14,513 | ||||||
Bumrungrad Hospital PCL NVDR | 800 | 4,039 | ||||||
Central Pattana PCL NVDR | 4,000 | 8,154 | ||||||
Charoen Pokphand Foods PCL NVDR | 19,200 | 14,017 | ||||||
CP ALL PCL NVDR | 9,600 | 17,733 | ||||||
Delta Electronics Thailand PCL NVDR | 3,600 | 9,193 | ||||||
Electricity Generating PCL NVDR | 1,600 | 10,079 | ||||||
Glow Energy PCL NVDR | 4,000 | 9,273 | ||||||
Hana Microelectronics PCL NVDR | 4,800 | 7,100 | ||||||
Home Product Center PCL NVDR | 26,500 | 7,489 | ||||||
Ichitan Group PCL NVDR | 8,700 | 2,241 | ||||||
Indorama Ventures PCL NVDR | 8,000 | 8,949 | ||||||
Intouch Holdings PCL NVDR | 18,900 | 31,713 | ||||||
IRPC PCL NVDR | 34,900 | 5,496 | ||||||
Jasmine International PCL NVDR | 32,500 | 7,797 | ||||||
Kasikornbank PCL NVDR | 2,800 | 16,362 | ||||||
Kiatnakin Bank PCL NVDR | 4,800 | 10,103 | ||||||
Krung Thai Bank PCL NVDR | 36,500 | 20,200 | ||||||
Land & Houses PCL NVDR | 45,300 | 13,335 | ||||||
Minor International PCL NVDR | 4,800 | 5,687 | ||||||
MK Restaurants Group PCL NVDR | 3,200 | 5,888 | ||||||
PTT Exploration & Production PCL NVDR | 10,400 | 26,406 | ||||||
PTT Global Chemical PCL NVDR | 12,400 | 25,004 | ||||||
PTT PCL NVDR | 5,500 | 59,906 | ||||||
Ratchaburi Electricity Generating Holding PCL NVDR | 4,800 | 7,348 | ||||||
Robinson PCL NVDR | 3,600 | 6,173 | ||||||
Siam Cement PCL (The) NVDR | 2,400 | 35,608 | ||||||
Siam City Cement PCL NVDR | 977 | 9,347 | ||||||
Siam Commercial Bank PCL (The) NVDR | 6,800 | 31,127 | ||||||
Star Petroleum Refining PCL | 9,000 | 3,868 | ||||||
Supalai PCL NVDR | 9,600 | 7,348 | ||||||
Thai Oil PCL NVDR | 4,000 | 9,302 | ||||||
Thai Union Group PCL NVDR | 12,800 | 7,951 | ||||||
Thai Vegetable Oil PCL NVDR | 1,500 | 1,336 | ||||||
Thanachart Capital PCL NVDR | 5,200 | 7,042 | ||||||
Tipco Asphalt PCL NVDR | 4,400 | 2,927 | ||||||
Tisco Financial Group PCL NVDR | 4,000 | 8,949 | ||||||
TMB Bank PCL NVDR | 87,900 | 5,951 | ||||||
TTW PCL NVDR | 17,600 | 5,492 | ||||||
|
| |||||||
Total Thailand | 664,489 | |||||||
Turkey – 2.3% | ||||||||
Akbank TAS | 4,274 | 11,891 | ||||||
Aksa Akrilik Kimya Sanayii AS | 1,124 | 4,269 | ||||||
Albaraka Turk Katilim Bankasi AS | 8,235 | 2,992 | ||||||
Anadolu Efes Biracilik ve Malt Sanayii AS | 1,076 | 6,671 | ||||||
Arcelik AS | 1,772 | 13,109 | ||||||
BIM Birlesik Magazalar AS | 247 | 4,575 | ||||||
Bolu Cimento Sanayii AS | 1,805 | 3,049 | ||||||
Brisa Bridgestone Sabanci Sanayi ve Ticaret AS* | 2,470 | 5,028 | ||||||
Cimsa Cimento Sanayi ve Ticaret AS | 761 | 3,271 | ||||||
Enka Insaat ve Sanayi AS | 11,055 | 16,853 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 16,118 | 32,258 | ||||||
Ford Otomotiv Sanayi AS | 1,104 | 13,464 | ||||||
Haci Omer Sabanci Holding AS | 1,507 | 4,676 | ||||||
KOC Holding AS | 3,482 | 15,994 | ||||||
Otokar Otomotiv Ve Savunma Sanayi AS | 128 | 4,026 | ||||||
Petkim Petrokimya Holding AS | 6,505 | 11,191 | ||||||
Selcuk Ecza Deposu Ticaret ve Sanayi AS | 2,514 | 2,926 | ||||||
Soda Sanayii AS | 3,329 | 6,200 | ||||||
TAV Havalimanlari Holding AS | 1,587 | 8,501 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 963 | 7,901 | ||||||
Trakya Cam Sanayii AS | 2,214 | 2,432 | ||||||
Tupras Turkiye Petrol Rafinerileri AS | 1,611 | 46,283 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 71 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets Dividend Fund (DVEM)
June 30, 2017
Investments | Shares | Value | ||||||
Turk Traktor ve Ziraat Makineleri AS | 190 | $ | 4,258 | |||||
Turkiye Garanti Bankasi AS | 4,346 | 12,079 | ||||||
Turkiye Halk Bankasi AS | 2,122 | 7,922 | ||||||
Turkiye Is Bankasi Group C | 7,523 | 15,911 | ||||||
Turkiye Sise ve Cam Fabrikalari AS | 4,680 | 6,111 | ||||||
Turkiye Vakiflar Bankasi TAO Class D | 939 | 1,725 | ||||||
Ulker Biskuvi Sanayi AS | 261 | 1,645 | ||||||
Vestel Beyaz Esya Sanayi ve Ticaret AS | 236 | 762 | ||||||
|
| |||||||
Total Turkey | 277,973 | |||||||
TOTAL COMMON STOCKS (Cost: $10,870,320) | 11,775,534 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% | ||||||||
United States – 0.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c) | ||||||||
(Cost: $65,112)(d) | 65,112 | 65,112 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.6% (Cost: $10,935,432) | 11,840,646 | |||||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.4% | 44,767 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 11,885,413 |
* | Non-income producing security. |
† | 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 $26,601, which represents 0.22% of net assets. |
(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, 2017 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of June 30, 2017. |
(d) | At June 30, 2017, the total market value of the Fund’s securities on loan was $79,304 and the total market value of the collateral held by the Fund was $85,943. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $20,831. |
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.
72 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments
WisdomTree Europe Domestic Economy Fund (EDOM)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
Austria – 3.0% | ||||||||
Erste Group Bank AG* | 388 | $ | 14,836 | |||||
Oesterreichische Post AG | 178 | 7,722 | ||||||
OMV AG | 269 | 13,940 | ||||||
Raiffeisen Bank International AG* | 505 | 12,729 | ||||||
UNIQA Insurance Group AG | 1,076 | 10,014 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 71 | 2,000 | ||||||
Voestalpine AG | 206 | 9,586 | ||||||
Wienerberger AG | 568 | 12,885 | ||||||
|
| |||||||
Total Austria | 83,712 | |||||||
Belgium – 4.4% | ||||||||
Ackermans & van Haaren N.V. | 87 | 14,507 | ||||||
Ageas | 247 | 9,933 | ||||||
bpost S.A. | 406 | 9,787 | ||||||
Cofinimmo S.A. | 79 | 9,700 | ||||||
D’ieteren S.A./N.V. | 150 | 7,001 | ||||||
Econocom Group S.A./N.V. | 1,279 | 10,680 | ||||||
Euronav N.V. | 776 | 6,130 | ||||||
KBC Group N.V. | 291 | 22,041 | ||||||
Telenet Group Holding N.V.* | 138 | 8,680 | ||||||
Tessenderlo Group S.A.* | 41 | 1,761 | ||||||
Umicore S.A. | 166 | 11,530 | ||||||
Warehouses De Pauw CVA | 105 | 11,020 | ||||||
|
| |||||||
Total Belgium | 122,770 | |||||||
Finland – 5.3% | ||||||||
Caverion Corp.* | 1,373 | 10,977 | ||||||
Citycon Oyj | 2,932 | 7,685 | ||||||
Cramo Oyj | 354 | 10,578 | ||||||
Metsa Board Oyj | 831 | 6,023 | ||||||
Neste Oyj | 319 | 12,549 | ||||||
Nokian Renkaat Oyj | 305 | 12,607 | ||||||
Outokumpu Oyj | 1,045 | 8,331 | ||||||
Ramirent Oyj | 932 | 9,386 | ||||||
Sampo Oyj Class A | 273 | 13,971 | ||||||
Sanoma Oyj | 621 | 5,794 | ||||||
Stora Enso Oyj Class R | 920 | 11,868 | ||||||
Tieto Oyj | 27 | 834 | ||||||
UPM-Kymmene Oyj | 776 | 22,091 | ||||||
Uponor Oyj | 443 | 8,039 | ||||||
YIT Oyj | 677 | 5,652 | ||||||
|
| |||||||
Total Finland | 146,385 | |||||||
France – 25.0% | ||||||||
Accor S.A. | 340 | 15,917 | ||||||
Aeroports de Paris | 77 | 12,409 | ||||||
Air France-KLM* | 576 | 8,202 | ||||||
Alstom S.A.* | 162 | 5,656 | ||||||
Alten S.A. | 186 | 15,336 | ||||||
Altran Technologies S.A. | 564 | 9,180 | ||||||
Amundi S.A.(a) | 133 | 9,610 | ||||||
Atos SE | 103 | 14,438 | ||||||
AXA S.A. | 920 | 25,131 | ||||||
Beneteau S.A. | 433 | 7,480 | ||||||
BNP Paribas S.A. | 528 | 37,975 | ||||||
Bollore S.A. | 1,068 | 4,849 | ||||||
Bouygues S.A. | 265 | 11,159 | ||||||
Capgemini SE | 129 | 13,312 | ||||||
Cie de Saint-Gobain | 425 | 22,676 | ||||||
Cie Plastic Omnium S.A. | 192 | 6,993 | ||||||
CNP Assurances | 580 | 13,002 | ||||||
Coface S.A. | 1,013 | 10,144 | ||||||
Credit Agricole S.A. | 987 | 15,856 | ||||||
Derichebourg S.A. | 748 | 6,313 | ||||||
Edenred | 351 | 9,140 | ||||||
Eiffage S.A. | 170 | 15,426 | ||||||
Elior Group(a) | 437 | 12,680 | ||||||
Elis S.A. | 247 | 5,651 | ||||||
Eurazeo S.A. | 178 | 13,336 | ||||||
Europcar Groupe S.A.(a) | 924 | 13,500 | ||||||
Eutelsat Communications S.A. | 158 | 4,029 | ||||||
Faurecia | 297 | 15,064 | ||||||
Fnac Darty S.A.* | 135 | 10,915 | ||||||
Fonciere Des Regions | 97 | 8,986 | ||||||
Groupe Eurotunnel SE Registered Shares | 596 | 6,348 | ||||||
Havas S.A. | 1,007 | 10,573 | ||||||
JCDecaux S.A. | 224 | 7,338 | ||||||
Klepierre | 28 | 1,146 | ||||||
Lagardere SCA | 398 | 12,551 | ||||||
LISI | 150 | 7,136 | ||||||
Maisons du Monde S.A.*(a) | 129 | 5,012 | ||||||
Metropole Television S.A. | 510 | 11,855 | ||||||
Natixis S.A. | 1,340 | 8,982 | ||||||
Nexans S.A. | 113 | 6,173 | ||||||
Nexity S.A.* | 152 | 8,821 | ||||||
Peugeot S.A. | 869 | 17,310 | ||||||
Renault S.A. | 137 | 12,383 | ||||||
Rexel S.A. | 609 | 9,950 | ||||||
Societe Generale S.A. | 455 | 24,448 | ||||||
Sopra Steria Group | 87 | 13,867 | ||||||
SPIE S.A. | 275 | 8,249 | ||||||
Television Francaise 1 | 601 | 8,404 | ||||||
Thales S.A. | 146 | 15,693 | ||||||
TOTAL S.A. | 956 | 47,197 | ||||||
Unibail-Rodamco SE(b) | 30 | 7,550 | ||||||
Vicat S.A. | 93 | 6,541 | ||||||
Vinci S.A. | 330 | 28,127 | ||||||
Vivendi S.A. | 350 | 7,780 | ||||||
Wendel S.A. | 115 | 16,999 | ||||||
Worldline S.A.*(a) | 346 | 11,839 | ||||||
|
| |||||||
Total France | 696,637 | |||||||
Germany – 23.0% | ||||||||
Aareal Bank AG | 214 | 8,472 | ||||||
Allianz SE Registered Shares | 216 | 42,472 | ||||||
alstria office REIT-AG | 505 | 6,817 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA(b) | 87 | 4,667 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Domestic Economy Fund (EDOM)
June 30, 2017
Investments | Shares | Value | ||||||
Aurubis AG | 71 | $ | 5,567 | |||||
Axel Springer SE | 150 | 8,999 | ||||||
BayWa AG | 74 | 2,627 | ||||||
Bechtle AG | 115 | 14,756 | ||||||
bet-at-home.com AG | 39 | 5,651 | ||||||
Bilfinger SE | 297 | 11,619 | ||||||
Commerzbank AG* | 797 | 9,481 | ||||||
Continental AG | 59 | 12,715 | ||||||
CropEnergies AG | 712 | 7,861 | ||||||
CTS Eventim AG & Co. KGaA | 289 | 12,763 | ||||||
Deutsche Bank AG Registered Shares | 762 | 13,493 | ||||||
Deutsche Boerse AG | 196 | 20,660 | ||||||
Deutsche Lufthansa AG Registered Shares | 481 | 10,931 | ||||||
Deutsche Post AG Registered Shares | 689 | 25,791 | ||||||
Deutsche Wohnen AG Bearer Shares | 324 | 12,376 | ||||||
Diebold Nixdorf AG | 19 | 1,560 | ||||||
DMG MORI AG | 247 | 13,859 | ||||||
Fielmann AG | 136 | 10,477 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 152 | 13,401 | ||||||
Fuchs Petrolub SE | 139 | 6,556 | ||||||
Hamburger Hafen und Logistik AG | 330 | 7,196 | ||||||
Hella KGaA Hueck & Co. | 160 | 7,864 | ||||||
Hugo Boss AG | 119 | 8,320 | ||||||
Indus Holding AG | 172 | 12,183 | ||||||
Jenoptik AG | 150 | 3,929 | ||||||
KION Group AG | 133 | 10,151 | ||||||
Kloeckner & Co. SE | 1,108 | 11,652 | ||||||
LEG Immobilien AG | 97 | 9,106 | ||||||
Leoni AG | 259 | 13,315 | ||||||
MAN SE | 87 | 9,315 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 89 | 17,921 | ||||||
Nemetschek SE | 135 | 10,039 | ||||||
Nordex SE*(b) | 934 | 11,457 | ||||||
Pfeiffer Vacuum Technology AG | 49 | 7,162 | ||||||
ProSiebenSat.1 Media SE | 170 | 7,104 | ||||||
Rheinmetall AG | 146 | 13,841 | ||||||
Salzgitter AG | 251 | 10,224 | ||||||
Scout24 AG(a) | 277 | 10,187 | ||||||
Siemens AG Registered Shares | 271 | 37,199 | ||||||
Sixt SE | 192 | 11,589 | ||||||
Stroeer SE & Co KGaA(b) | 160 | 9,570 | ||||||
Takkt AG | 261 | 6,516 | ||||||
Talanx AG | 186 | 6,937 | ||||||
Tele Columbus AG*(a) | 477 | 5,277 | ||||||
ThyssenKrupp AG | 431 | 12,228 | ||||||
TLG Immobilien AG | 390 | 7,960 | ||||||
TUI AG | 291 | 4,220 | ||||||
United Internet AG Registered Shares | 184 | 10,104 | ||||||
Volkswagen AG | 55 | 8,516 | ||||||
VTG AG | 170 | 6,621 | ||||||
Wacker Neuson SE | 479 | 11,599 | ||||||
Washtec AG | 75 | 5,760 | ||||||
Wirecard AG(b) | 182 | 11,566 | ||||||
Wuestenrot & Wuerttembergische AG | 380 | 8,302 | ||||||
Zalando SE*(a) | 228 | 10,404 | ||||||
|
| |||||||
Total Germany | 638,905 | |||||||
Ireland – 2.8% | ||||||||
Bank of Ireland* | 26,044 | 6,832 | ||||||
Dalata Hotel Group PLC* | 2,230 | 12,260 | ||||||
Irish Continental Group PLC | 1,229 | 7,121 | ||||||
Kingspan Group PLC | 408 | 13,986 | ||||||
Paddy Power Betfair PLC | 99 | 10,554 | ||||||
Permanent TSB Group Holdings PLC* | 1,905 | 5,975 | ||||||
Ryanair Holdings PLC ADR* | 115 | 12,375 | ||||||
Smurfit Kappa Group PLC | 259 | 8,051 | ||||||
|
| |||||||
Total Ireland | 77,154 | |||||||
Italy – 16.6% | ||||||||
Anima Holding SpA(a) | 1,955 | 13,992 | ||||||
Ansaldo STS SpA* | 649 | 8,261 | ||||||
Assicurazioni Generali SpA | 732 | 12,031 | ||||||
ASTM SpA | 233 | 4,021 | ||||||
Atlantia SpA | 348 | 9,780 | ||||||
Azimut Holding SpA | 524 | 10,489 | ||||||
Banca Generali SpA | 311 | 9,244 | ||||||
Banca IFIS SpA | 299 | 12,130 | ||||||
Banca Mediolanum SpA | 809 | 6,703 | ||||||
Banca Monte dei Paschi di Siena SpA*† | 134 | 2,305 | ||||||
Banca Popolare di Sondrio SCPA | 3,368 | 13,260 | ||||||
Banco BPM SpA* | 2,087 | 6,974 | ||||||
Biesse SpA | 192 | 6,872 | ||||||
BPER Banca | 2,560 | 12,748 | ||||||
Brembo SpA | 1,167 | 17,050 | ||||||
Buzzi Unicem SpA | 501 | 12,451 | ||||||
Cerved Information Solutions SpA | 1,070 | 11,435 | ||||||
CIR-Compagnie Industriali Riunite SpA | 4,608 | 6,464 | ||||||
Credito Emiliano SpA | 987 | 7,959 | ||||||
Datalogic SpA | 269 | 7,231 | ||||||
De’ Longhi SpA | 328 | 10,265 | ||||||
Enav SpA(a) | 871 | 3,743 | ||||||
Eni SpA | 1,300 | 19,513 | ||||||
FinecoBank Banca Fineco SpA | 1,025 | 8,055 | ||||||
Industria Macchine Automatiche SpA | 91 | 8,350 | ||||||
Intesa Sanpaolo SpA | 8,791 | 27,834 | ||||||
Intesa Sanpaolo SpA RSP | 3,761 | 11,136 | ||||||
Italmobiliare SpA | 216 | 5,888 | ||||||
Leonardo SpA | 641 | 10,637 | ||||||
Mediaset SpA* | 2,942 | 11,550 | ||||||
Mediobanca SpA | 900 | 8,869 | ||||||
OVS SpA(a) | 1,988 | 14,126 | ||||||
Poste Italiane SpA(a) | 1,897 | 12,971 | ||||||
Prysmian SpA | 467 | 13,715 | ||||||
RAI Way SpA(a) | 1,369 | 6,817 | ||||||
Saras SpA | 2,681 | 6,232 | ||||||
Snam SpA | 2,355 | 10,250 | ||||||
Societa Cattolica di Assicurazioni SCRL | 1,017 | 7,899 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 568 | 6,255 |
See Notes to Financial Statements.
74 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Domestic Economy Fund (EDOM)
June 30, 2017
Investments | Shares | Value | ||||||
Technogym SpA(a) | 716 | $ | 5,508 | |||||
Tod’s SpA | 89 | 5,542 | ||||||
UniCredit SpA* | 687 | 12,811 | ||||||
Unione di Banche Italiane SpA | 1,636 | 7,027 | ||||||
Unipol Gruppo Finanziario SpA | 3,437 | 15,053 | ||||||
UnipolSai Assicurazioni SpA | 3,116 | 6,792 | ||||||
Yoox Net-A-Porter Group SpA* | 520 | 14,365 | ||||||
|
| |||||||
Total Italy | 462,603 | |||||||
Netherlands – 7.8% | ||||||||
Aalberts Industries N.V. | 378 | 15,029 | ||||||
ABN AMRO Group N.V. CVA(a) | 659 | 17,445 | ||||||
Aegon N.V. | 1,890 | 9,638 | ||||||
Altice N.V. Class A* | 772 | 17,786 | ||||||
ASR Nederland N.V. | 220 | 7,409 | ||||||
Boskalis Westminster | 184 | 5,967 | ||||||
Euronext N.V.(a) | 235 | 12,182 | ||||||
Flow Traders(a) | 303 | 8,346 | ||||||
GrandVision N.V.(a) | 321 | 8,585 | ||||||
IMCD Group N.V. | 170 | 9,201 | ||||||
ING Groep N.V. | 2,194 | 37,786 | ||||||
Intertrust N.V.(a) | 208 | 4,212 | ||||||
Koninklijke BAM Groep N.V. | 821 | 4,461 | ||||||
NN Group N.V. | 261 | 9,264 | ||||||
PostNL N.V. | 1,545 | 7,202 | ||||||
Randstad Holding N.V. | 168 | 9,795 | ||||||
Steinhoff International Holdings N.V. | 2,331 | 11,855 | ||||||
TKH Group N.V. CVA | 279 | 15,478 | ||||||
TomTom N.V.* | 532 | 5,096 | ||||||
|
| |||||||
Total Netherlands | 216,737 | |||||||
Portugal – 1.7% | ||||||||
Altri, SGPS, S.A. | 1,201 | 5,529 | ||||||
Banco Comercial Portugues S.A. Registered Shares* | 40,844 | 10,980 | ||||||
Corticeira Amorim, SGPS, S.A. | 311 | 4,562 | ||||||
Navigator Co. S.A. (The) | 1,684 | 7,262 | ||||||
NOS, SGPS, S.A. | 2,711 | 16,431 | ||||||
Semapa-Sociedade de Investimento e Gestao | 176 | 3,407 | ||||||
|
| |||||||
Total Portugal | 48,171 | |||||||
Spain – 9.7% | ||||||||
Abertis Infraestructuras S.A. | 463 | 8,565 | ||||||
Aena S.A.(a) | 71 | 13,835 | ||||||
Amadeus IT Group S.A. | 309 | 18,450 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 853 | 9,962 | ||||||
Banco de Sabadell S.A. | 4,240 | 8,603 | ||||||
Bankia S.A. | 803 | 3,876 | ||||||
Bankinter S.A. | 1,448 | 13,320 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A. | 255 | 9,195 | ||||||
CaixaBank S.A. | 3,207 | 15,289 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 342 | 8,979 | ||||||
Cie Automotive S.A. | 417 | 9,557 | ||||||
Enagas S.A. | 269 | 7,532 | ||||||
Ferrovial S.A. | 198 | 4,389 | ||||||
Fomento de Construcciones y Contratas S.A.* | 744 | 8,020 | ||||||
Grupo Catalana Occidente S.A. | 378 | 15,879 | ||||||
Indra Sistemas S.A.* | 594 | 8,560 | ||||||
Industria de Diseno Textil S.A. | 580 | 22,234 | ||||||
Liberbank S.A.* | 6,626 | 6,794 | ||||||
Mediaset Espana Comunicacion S.A. | 859 | 10,674 | ||||||
Melia Hotels International S.A. | 873 | 13,034 | ||||||
NH Hotel Group S.A.* | 1,514 | 9,100 | ||||||
Parques Reunidos Servicios Centrales SAU*(a) | 433 | 8,119 | ||||||
Repsol S.A. | 805 | 12,303 | ||||||
Sacyr S.A.* | 4,656 | 12,326 | ||||||
Zardoya Otis S.A. | 1,084 | 11,201 | ||||||
|
| |||||||
Total Spain | 269,796 | |||||||
United Kingdom – 0.5% | ||||||||
International Consolidated Airlines Group S.A. | 1,680 | 13,315 | ||||||
TOTAL COMMON STOCKS (Cost: $2,642,034) | 2,776,185 | |||||||
RIGHTS – 0.0% | ||||||||
Spain – 0.0% | ||||||||
Repsol S.A., expiring 7/6/17* | 407 | 185 | ||||||
Sacyr S.A., expiring 7/16/17* | 4,656 | 372 | ||||||
TOTAL RIGHTS (Cost: $511) | 557 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0% | ||||||||
United States – 1.0% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c) | ||||||||
(Cost: $27,023)(d) | 27,023 | 27,023 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.8% (Cost: $2,669,568) | 2,803,765 | |||||||
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.8)% | (23,014 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,780,751 |
* | Non-income producing security. |
† | 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 $2,305, which represents 0.08% of net assets. |
(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, 2017 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of June 30, 2017. |
(d) | At June 30, 2017, the total market value of the Fund’s securities on loan was $38,825 and the total market value of the collateral held by the Fund was $41,140. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,117. |
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, 2017 | 75 |
Table of Contents
Schedule of Investments
WisdomTree Global ex-Mexico Equity Fund (XMX)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.7% | ||||||||
Australia – 2.0% | ||||||||
Australia & New Zealand Banking Group Ltd. | 4,921 | $ | 108,408 | |||||
BHP Billiton Ltd. | 7,125 | 127,231 | ||||||
Brambles Ltd. | 8,363 | 62,416 | ||||||
Commonwealth Bank of Australia | 2,470 | 156,893 | ||||||
CSL Ltd. | 956 | 101,217 | ||||||
Macquarie Group Ltd. | 1,045 | 70,939 | ||||||
National Australia Bank Ltd. | 4,408 | 100,048 | ||||||
QBE Insurance Group Ltd. | 5,871 | 53,185 | ||||||
Telstra Corp., Ltd. | 17,351 | 57,229 | ||||||
Westpac Banking Corp. | 5,187 | 121,390 | ||||||
Woolworths Ltd. | 3,306 | 64,766 | ||||||
|
| |||||||
Total Australia | 1,023,722 | |||||||
Belgium – 0.4% | ||||||||
Ageas | 1,558 | 62,656 | ||||||
Anheuser-Busch InBev S.A. | 1,235 | 136,224 | ||||||
|
| |||||||
Total Belgium | 198,880 | |||||||
Brazil – 0.4% | ||||||||
Ambev S.A. | 9,503 | 52,516 | ||||||
Banco do Brasil S.A. | 1,900 | 15,369 | ||||||
BM&FBovespa S.A. | 1,900 | 11,326 | ||||||
Equatorial Energia S.A. | 3,800 | 62,139 | ||||||
Petroleo Brasileiro S.A.* | 12,621 | 50,282 | ||||||
|
| |||||||
Total Brazil | 191,632 | |||||||
Canada – 3.3% | ||||||||
Agrium, Inc. | 513 | 46,426 | ||||||
Alimentation Couche-Tard, Inc. Class B | 988 | 47,289 | ||||||
Bank of Nova Scotia (The) | 1,311 | 78,749 | ||||||
Barrick Gold Corp. | 4,008 | 63,667 | ||||||
Canadian Imperial Bank of Commerce | 589 | 47,797 | ||||||
Canadian National Railway Co. | 1,102 | 89,283 | ||||||
Canadian Natural Resources Ltd.(a) | 2,831 | 81,571 | ||||||
Canadian Pacific Railway Ltd. | 323 | 51,893 | ||||||
Enbridge, Inc. | 2,964 | 117,903 | ||||||
George Weston Ltd. | 722 | 65,262 | ||||||
Hydro One Ltd.(b) | 2,850 | 50,978 | ||||||
Industrial Alliance Insurance & Financial Services, Inc. | 1,501 | 65,024 | ||||||
Intact Financial Corp. | 722 | 54,460 | ||||||
Loblaw Cos. Ltd. | 855 | 47,493 | ||||||
Magna International, Inc. | 1,216 | 56,245 | ||||||
Manulife Financial Corp. | 3,496 | 65,441 | ||||||
Metro, Inc. | 2,698 | 88,666 | ||||||
Potash Corp. of Saskatchewan, Inc. | 2,446 | 39,834 | ||||||
Royal Bank of Canada | 1,558 | 112,960 | ||||||
Saputo, Inc. | 1,425 | 45,262 | ||||||
SNC-Lavalin Group, Inc. | 1,292 | 55,781 | ||||||
Suncor Energy, Inc. | 2,812 | 82,041 | ||||||
Toronto-Dominion Bank (The) | 1,558 | 78,398 | ||||||
TransCanada Corp.(a) | 1,501 | 71,450 | ||||||
Wheaton Precious Metals Corp. | 3,261 | 64,683 | ||||||
|
| |||||||
Total Canada | 1,668,556 | |||||||
China – 2.1% | ||||||||
Bank of China Ltd. Class H | 190,000 | 93,218 | ||||||
China Conch Venture Holdings Ltd. | 38,000 | 69,609 | ||||||
China Construction Bank Corp. Class H | 171,000 | 132,525 | ||||||
China Life Insurance Co., Ltd. Class H | 19,000 | 58,048 | ||||||
China Mobile Ltd. | 9,500 | 100,824 | ||||||
China Petroleum & Chemical Corp. Class H | 76,000 | 59,289 | ||||||
CNOOC Ltd. | 57,000 | 62,429 | ||||||
Hengan International Group Co., Ltd. | 9,500 | 70,096 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 152,000 | 102,613 | ||||||
Tencent Holdings Ltd. | 9,500 | 339,770 | ||||||
|
| |||||||
Total China | 1,088,421 | |||||||
Denmark – 0.6% | ||||||||
ISS A/S | 2,831 | 111,046 | ||||||
Novo Nordisk A/S Class B | 3,116 | 133,267 | ||||||
Pandora A/S | 414 | 38,581 | ||||||
Vestas Wind Systems A/S | 173 | 15,950 | ||||||
|
| |||||||
Total Denmark | 298,844 | |||||||
Finland – 0.4% | ||||||||
Amer Sports Oyj* | 2,014 | 50,306 | ||||||
Elisa Oyj | 1,900 | 73,528 | ||||||
Nokia Oyj | 13,587 | 82,984 | ||||||
|
| |||||||
Total Finland | 206,818 | |||||||
France – 3.7% | ||||||||
Accor S.A. | 1,273 | 59,594 | ||||||
Air Liquide S.A. | 627 | 77,376 | ||||||
Airbus SE | 1,095 | 89,921 | ||||||
Arkema S.A. | 646 | 68,839 | ||||||
Atos SE | 475 | 66,582 | ||||||
AXA S.A. | 2,888 | 78,889 | ||||||
BNP Paribas S.A. | 1,653 | 118,889 | ||||||
Capgemini SE | 646 | 66,665 | ||||||
Danone S.A. | 1,121 | 84,142 | ||||||
Engie S.A. | 3,914 | 58,993 | ||||||
Essilor International S.A. | 475 | 60,352 | ||||||
Legrand S.A. | 950 | 66,366 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 456 | 113,536 | ||||||
Orange S.A. | 4,104 | 65,017 | ||||||
Publicis Groupe S.A. | 722 | 53,781 | ||||||
Sanofi | 1,501 | 143,394 | ||||||
Schneider Electric SE* | 1,064 | 81,635 | ||||||
Societe Generale S.A. | 1,311 | 70,442 | ||||||
TOTAL S.A. | 2,888 | 142,577 | ||||||
Unibail-Rodamco SE(a) | 304 | 76,505 | ||||||
Valeo S.A. | 893 | 60,082 | ||||||
Veolia Environnement S.A. | 2,926 | 61,739 | ||||||
Vinci S.A. | 950 | 80,972 | ||||||
Vivendi S.A. | 2,641 | 58,708 | ||||||
|
| |||||||
Total France | 1,904,996 | |||||||
Germany – 3.1% | ||||||||
adidas AG | 437 | 83,610 | ||||||
Allianz SE Registered Shares | 608 | 119,551 |
See Notes to Financial Statements.
76 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
June 30, 2017
Investments | Shares | Value | ||||||
BASF SE | 1,311 | $ | 121,251 | |||||
Bayer AG Registered Shares | 1,140 | 147,186 | ||||||
Daimler AG Registered Shares | 1,444 | 104,367 | ||||||
Deutsche Bank AG Registered Shares | 3,686 | 65,268 | ||||||
Deutsche Telekom AG Registered Shares | 4,978 | 89,253 | ||||||
Deutsche Wohnen AG Bearer Shares | 2,185 | 83,460 | ||||||
Fresenius SE & Co. KGaA | 874 | 74,823 | ||||||
HeidelbergCement AG | 665 | 64,204 | ||||||
Infineon Technologies AG | 3,572 | 75,309 | ||||||
Linde AG | 456 | 86,231 | ||||||
MTU Aero Engines AG | 492 | 69,302 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 304 | 61,215 | ||||||
RWE AG* | 518 | 10,306 | ||||||
SAP SE | 1,387 | 144,669 | ||||||
Siemens AG Registered Shares | 1,064 | 146,050 | ||||||
ThyssenKrupp AG | 2,033 | 57,679 | ||||||
|
| |||||||
Total Germany | 1,603,734 | |||||||
Hong Kong – 1.1% | ||||||||
AIA Group Ltd. | 19,000 | 138,853 | ||||||
Cheung Kong Property Holdings Ltd. | 9,500 | 74,416 | ||||||
CK Hutchison Holdings Ltd. | 9,500 | 119,260 | ||||||
CLP Holdings Ltd. | 9,500 | 100,520 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 2,500 | 64,626 | ||||||
Hysan Development Co., Ltd. | 19,000 | 90,662 | ||||||
|
| |||||||
Total Hong Kong | 588,337 | |||||||
India – 0.8% | ||||||||
Axis Bank Ltd. | 7,030 | 56,267 | ||||||
IndusInd Bank Ltd. | 3,667 | 83,903 | ||||||
Infosys Ltd. | 4,826 | 69,851 | ||||||
Larsen & Toubro Ltd. | 2,679 | 69,945 | ||||||
Maruti Suzuki India Ltd. | 703 | 78,499 | ||||||
Reliance Industries Ltd.* | 3,629 | 77,479 | ||||||
|
| |||||||
Total India | 435,944 | |||||||
Ireland – 0.3% | ||||||||
CRH PLC | 3,040 | 107,399 | ||||||
Experian PLC | 2,489 | 50,921 | ||||||
|
| |||||||
Total Ireland | 158,320 | |||||||
Israel – 0.1% | ||||||||
Teva Pharmaceutical Industries Ltd. | 2,166 | 71,627 | ||||||
Italy – 0.7% | ||||||||
Assicurazioni Generali SpA | 3,325 | 54,648 | ||||||
Eni SpA | 5,339 | 80,137 | ||||||
Intesa Sanpaolo SpA | 30,111 | 95,336 | ||||||
Snam SpA | 17,952 | 78,133 | ||||||
UniCredit SpA* | 3,192 | 59,524 | ||||||
|
| |||||||
Total Italy | 367,778 | |||||||
Japan – 8.3% | ||||||||
Ajinomoto Co., Inc. | 2,300 | 49,670 | ||||||
Asahi Group Holdings Ltd. | 2,100 | 79,021 | ||||||
Astellas Pharma, Inc. | 5,700 | 69,728 | ||||||
Bandai Namco Holdings, Inc. | 1,900 | 64,765 | ||||||
Bridgestone Corp. | 1,900 | 81,844 | ||||||
Daiichi Sankyo Co., Ltd. | 1,900 | 44,761 | ||||||
Hitachi Ltd. | 19,000 | 116,577 | ||||||
Honda Motor Co., Ltd. | 3,600 | 98,170 | ||||||
ITOCHU Corp. | 3,800 | 56,445 | �� | |||||
Japan Tobacco, Inc. | 1,900 | 66,744 | ||||||
Kao Corp. | 1,900 | 112,823 | ||||||
KDDI Corp. | 3,800 | 100,614 | ||||||
Kintetsu Group Holdings Co., Ltd. | 19,000 | 73,220 | ||||||
Kirin Holdings Co., Ltd. | 4,200 | 85,562 | ||||||
Komatsu Ltd. | 1,900 | 48,269 | ||||||
Kubota Corp. | 3,800 | 63,835 | ||||||
Kyocera Corp. | 1,900 | 110,016 | ||||||
Mitsubishi Chemical Holdings Corp. | 9,500 | 78,640 | ||||||
Mitsubishi Corp. | 3,800 | 79,680 | ||||||
Mitsubishi Electric Corp. | 5,700 | 81,954 | ||||||
Mitsubishi Heavy Industries Ltd. | 19,000 | 77,752 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 22,800 | 153,163 | ||||||
Mitsui & Co., Ltd. | 5,700 | 81,447 | ||||||
Mizuho Financial Group, Inc. | 47,500 | 86,833 | ||||||
Nagoya Railroad Co., Ltd. | 19,000 | 88,608 | ||||||
Nikon Corp. | 3,800 | 60,740 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 1,900 | 42,917 | ||||||
Nippon Telegraph & Telephone Corp. | 1,900 | 89,792 | ||||||
Nisshin Seifun Group, Inc. | 5,700 | 93,596 | ||||||
Nomura Holdings, Inc. | 9,500 | 56,936 | ||||||
NTT DOCOMO, Inc. | 1,900 | 44,845 | ||||||
Odakyu Electric Railway Co., Ltd. | 1,900 | 38,318 | ||||||
Oji Holdings Corp. | 19,000 | 98,078 | ||||||
Olympus Corp. | 1,900 | 69,331 | ||||||
Otsuka Holdings Co., Ltd. | 1,900 | 80,999 | ||||||
Panasonic Corp. | 5,700 | 77,312 | ||||||
Recruit Holdings Co., Ltd. | 6,600 | 113,427 | ||||||
Seven & I Holdings Co., Ltd. | 1,900 | 78,259 | ||||||
Shionogi & Co., Ltd. | 1,900 | 105,839 | ||||||
SoftBank Group Corp. | 1,900 | 153,830 | ||||||
Sojitz Corp. | 24,700 | 60,673 | ||||||
Sony Corp. | 2,100 | 80,105 | ||||||
Subaru Corp. | 1,800 | 60,651 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 1,900 | 74,049 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 1,900 | 67,961 | ||||||
Suzuki Motor Corp. | 1,900 | 90,130 | ||||||
Tobu Railway Co., Ltd. | 19,000 | 103,658 | ||||||
Tokio Marine Holdings, Inc. | 1,900 | 78,648 | ||||||
Tokyo Gas Co., Ltd. | 19,000 | 98,805 | ||||||
Toyo Suisan Kaisha Ltd. | 1,900 | 72,797 | ||||||
Toyota Motor Corp. | 3,800 | 199,300 | ||||||
|
| |||||||
Total Japan | 4,241,137 | |||||||
Netherlands – 1.0% | ||||||||
Akzo Nobel N.V. | 817 | 70,903 | ||||||
ASML Holding N.V. | 722 | 93,959 | ||||||
ING Groep N.V. | 5,358 | 92,277 | ||||||
Koninklijke DSM N.V. | 836 | 60,681 | ||||||
Koninklijke KPN N.V. | 18,161 | 58,018 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 77 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
June 30, 2017
Investments | Shares | Value | ||||||
Koninklijke Philips N.V. | 1,841 | $ | 65,292 | |||||
Wolters Kluwer N.V. | 1,273 | 53,815 | ||||||
|
| |||||||
Total Netherlands | 494,945 | |||||||
Norway – 0.2% | ||||||||
Orkla ASA | 9,503 | 96,259 | ||||||
Singapore – 0.4% | ||||||||
ComfortDelGro Corp., Ltd. | 36,100 | 60,304 | ||||||
Singapore Exchange Ltd. | 11,400 | 60,774 | ||||||
Singapore Press Holdings Ltd. | 30,400 | 71,316 | ||||||
|
| |||||||
Total Singapore | 192,394 | |||||||
South Korea – 1.7% | ||||||||
Hyundai Motor Co. | 551 | 76,812 | ||||||
KT&G Corp. | 665 | 68,003 | ||||||
NAVER Corp. | 95 | 69,580 | ||||||
POSCO | 247 | 61,958 | ||||||
Samsung Electronics Co., Ltd. | 171 | 355,257 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 209 | 51,421 | ||||||
Shinhan Financial Group Co., Ltd. | 1,919 | 82,687 | ||||||
SK Hynix, Inc. | 1,425 | 83,944 | ||||||
|
| |||||||
Total South Korea | 849,662 | |||||||
Spain – 1.2% | ||||||||
Banco Bilbao Vizcaya Argentaria S.A. | 10,680 | 88,496 | ||||||
Banco Santander S.A. | 21,638 | 142,942 | ||||||
Enagas S.A. | 2,812 | 78,737 | ||||||
Industria de Diseno Textil S.A. | 1,858 | 71,224 | ||||||
Red Electrica Corp. S.A.(a) | 4,161 | 86,825 | ||||||
Repsol S.A. | 3,366 | 51,444 | ||||||
Telefonica S.A. | 7,904 | 81,477 | ||||||
|
| |||||||
Total Spain | 601,145 | |||||||
Sweden – 1.1% | ||||||||
Assa Abloy AB Class B | 3,097 | 67,965 | ||||||
Atlas Copco AB Class A | 2,242 | 85,857 | ||||||
Castellum AB | 5,491 | 80,530 | ||||||
Hennes & Mauritz AB Class B | 1,980 | 49,274 | ||||||
Nordea Bank AB | 4,712 | 59,888 | ||||||
Securitas AB Class B | 3,363 | 56,618 | ||||||
Telefonaktiebolaget LM Ericsson Class B | 9,161 | 65,439 | ||||||
Volvo AB Class B | 4,465 | 76,018 | ||||||
|
| |||||||
Total Sweden | 541,589 | |||||||
Switzerland – 3.3% | ||||||||
ABB Ltd. Registered Shares | 3,553 | 87,856 | ||||||
Adecco Group AG Registered Shares | 703 | 53,515 | ||||||
Cie Financiere Richemont S.A. Registered Shares | 931 | 76,802 | ||||||
Credit Suisse Group AG Registered Shares* | 4,883 | 70,671 | ||||||
Givaudan S.A. Registered Shares | 38 | 76,107 | ||||||
Glencore PLC* | 21,002 | 78,350 | ||||||
Idorsia Ltd.* | 16 | 302 | ||||||
LafargeHolcim Ltd. Registered Shares* | 1,197 | 68,621 | ||||||
Nestle S.A. Registered Shares | 4,073 | 354,923 | ||||||
Novartis AG Registered Shares | 3,477 | 289,735 | ||||||
Roche Holding AG Genusschein | 970 | 247,349 | ||||||
Schindler Holding AG Participation Certificate | 438 | 92,800 | ||||||
UBS Group AG Registered Shares* | 6,156 | 104,395 | ||||||
Zurich Insurance Group AG | 228 | 66,449 | ||||||
|
| |||||||
Total Switzerland | 1,667,875 | |||||||
United Kingdom – 6.5% | ||||||||
Anglo American PLC* | 3,465 | 46,089 | ||||||
AstraZeneca PLC | 1,919 | 127,999 | ||||||
Babcock International Group PLC | 4,978 | 56,935 | ||||||
BAE Systems PLC | 6,574 | 54,096 | ||||||
Barclays PLC | 27,091 | 71,347 | ||||||
BHP Billiton PLC | 4,351 | 66,464 | ||||||
BP PLC | 23,576 | 135,603 | ||||||
British American Tobacco PLC | 2,603 | 176,970 | ||||||
BT Group PLC | 14,912 | 57,093 | ||||||
Bunzl PLC | 2,071 | 61,550 | ||||||
Carnival PLC | 950 | 62,687 | ||||||
Centrica PLC | 16,394 | 42,633 | ||||||
Compass Group PLC | 4,312 | 90,733 | ||||||
Diageo PLC | 3,591 | 105,815 | ||||||
GKN PLC | 13,492 | 57,133 | ||||||
GlaxoSmithKline PLC | 6,156 | 130,780 | ||||||
HSBC Holdings PLC | 24,545 | 226,909 | ||||||
Imperial Brands PLC | 1,786 | 80,003 | ||||||
Intertek Group PLC | 1,102 | 60,364 | ||||||
ITV PLC | 18,484 | 43,554 | ||||||
Kingfisher PLC | 12,371 | 48,320 | ||||||
Land Securities Group PLC | 4,370 | 57,502 | ||||||
Lloyds Banking Group PLC | 104,699 | 89,963 | ||||||
National Grid PLC | 6,593 | 81,512 | ||||||
Pennon Group PLC | 5,054 | 54,193 | ||||||
Prudential PLC | 4,541 | 103,873 | ||||||
Reckitt Benckiser Group PLC | 1,102 | 111,424 | ||||||
Rentokil Initial PLC | 22,170 | 78,704 | ||||||
Rio Tinto PLC | 2,280 | 96,015 | ||||||
Royal Dutch Shell PLC Class A | 11,173 | 295,343 | ||||||
Smith & Nephew PLC | 3,515 | 60,497 | ||||||
St. James’s Place PLC | 4,845 | 74,388 | ||||||
Standard Chartered PLC* | 5,320 | 53,708 | ||||||
Unilever N.V. CVA | 2,413 | 132,984 | ||||||
Unilever PLC | 2,261 | 122,029 | ||||||
Vodafone Group PLC | 38,702 | 109,467 | ||||||
|
| |||||||
Total United Kingdom | 3,324,679 | |||||||
United States – 57.0% | ||||||||
3M Co. | 665 | 138,446 | ||||||
Abbott Laboratories | 2,394 | 116,372 | ||||||
AbbVie, Inc. | 2,293 | 166,265 | ||||||
Activision Blizzard, Inc. | 1,463 | 84,225 | ||||||
Adobe Systems, Inc.* | 817 | 115,556 | ||||||
AES Corp. | 4,503 | 50,028 | ||||||
Aetna, Inc. | 589 | 89,428 | ||||||
Aflac, Inc. | 760 | 59,037 | ||||||
Agilent Technologies, Inc. | 1,216 | 72,121 | ||||||
Air Products & Chemicals, Inc. | 494 | 70,672 | ||||||
Alexion Pharmaceuticals, Inc.* | 399 | 48,546 |
See Notes to Financial Statements.
78 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
June 30, 2017
Investments | Shares | Value | ||||||
Alliant Energy Corp. | 1,748 | $ | 70,217 | |||||
Allstate Corp. (The) | 608 | 53,772 | ||||||
Alphabet, Inc. Class A* | 551 | 512,254 | ||||||
Alphabet, Inc. Class C* | 209 | 189,925 | ||||||
Altria Group, Inc. | 2,204 | 164,132 | ||||||
Amazon.com, Inc.* | 525 | 508,200 | ||||||
American Airlines Group, Inc. | 1,159 | 58,321 | ||||||
American Express Co. | 1,064 | 89,631 | ||||||
American International Group, Inc. | 1,254 | 78,400 | ||||||
American Tower Corp. | 912 | 120,676 | ||||||
AmerisourceBergen Corp. | 589 | 55,678 | ||||||
Amgen, Inc. | 1,011 | 174,125 | ||||||
Anadarko Petroleum Corp. | 900 | 40,806 | ||||||
Analog Devices, Inc. | 874 | 67,997 | ||||||
ANSYS, Inc.* | 627 | 76,293 | ||||||
Anthem, Inc. | 418 | 78,638 | ||||||
Apache Corp. | 612 | 29,333 | ||||||
Apple, Inc. | 6,631 | 954,997 | ||||||
Applied Materials, Inc. | 2,461 | 101,664 | ||||||
Archer-Daniels-Midland Co. | 1,102 | 45,601 | ||||||
Arrow Electronics, Inc.* | 817 | 64,069 | ||||||
Arthur J. Gallagher & Co. | 1,102 | 63,090 | ||||||
Aspen Technology, Inc.* | 988 | 54,597 | ||||||
AT&T, Inc. | 7,752 | 292,483 | ||||||
Autodesk, Inc.* | 589 | 59,383 | ||||||
Automatic Data Processing, Inc. | 665 | 68,136 | ||||||
AvalonBay Communities, Inc. | 475 | 91,281 | ||||||
Baker Hughes, Inc. | 846 | 46,115 | ||||||
Bank of America Corp. | 12,941 | 313,949 | ||||||
Bank of New York Mellon Corp. (The) | 1,615 | 82,397 | ||||||
Baxter International, Inc. | 1,197 | 72,466 | ||||||
Becton, Dickinson and Co. | 437 | 85,263 | ||||||
Berkshire Hathaway, Inc. Class B* | 2,147 | 363,637 | ||||||
Biogen, Inc.* | 342 | 92,805 | ||||||
Boeing Co. (The) | 722 | 142,776 | ||||||
Boston Scientific Corp.* | 2,850 | 79,002 | ||||||
Bristol-Myers Squibb Co. | 2,470 | 137,628 | ||||||
BWX Technologies, Inc. | 1,311 | 63,911 | ||||||
C.R. Bard, Inc. | 266 | 84,085 | ||||||
CA, Inc. | 1,919 | 66,148 | ||||||
Cabot Oil & Gas Corp. | 411 | 10,308 | ||||||
Capital One Financial Corp. | 893 | 73,780 | ||||||
Cardinal Health, Inc. | 798 | 62,180 | ||||||
CarMax, Inc.* | 741 | 46,727 | ||||||
Caterpillar, Inc. | 1,007 | 108,212 | ||||||
CBS Corp. Class B Non-Voting Shares | 855 | 54,532 | ||||||
CDW Corp. | 969 | 60,592 | ||||||
Celgene Corp.* | 1,304 | 169,350 | ||||||
Charles Schwab Corp. (The) | 1,786 | 76,727 | ||||||
Charter Communications, Inc. Class A* | 342 | 115,203 | ||||||
Chemours Co. (The) | 288 | 10,921 | ||||||
Chevron Corp. | 2,318 | 241,837 | ||||||
Chipotle Mexican Grill, Inc.* | 36 | 14,980 | ||||||
Church & Dwight Co., Inc. | 1,406 | 72,943 | ||||||
Cigna Corp. | 456 | 76,330 | ||||||
Cimarex Energy Co. | 324 | 30,459 | ||||||
Cisco Systems, Inc. | 6,764 | 211,713 | ||||||
CIT Group, Inc. | 1,216 | 59,219 | ||||||
Citigroup, Inc. | 3,591 | 240,166 | ||||||
Citizens Financial Group, Inc. | 1,501 | 53,556 | ||||||
Citrix Systems, Inc.* | 836 | 66,529 | ||||||
CME Group, Inc. | 456 | 57,109 | ||||||
Coca-Cola Co. (The) | 3,838 | 172,134 | ||||||
Cognizant Technology Solutions Corp. Class A | 1,197 | 79,481 | ||||||
Colgate-Palmolive Co. | 1,501 | 111,269 | ||||||
Comcast Corp. Class A | 6,042 | 235,155 | ||||||
Comerica, Inc. | 741 | 54,271 | ||||||
Conagra Brands, Inc. | 1,330 | 47,561 | ||||||
Concho Resources, Inc.* | 414 | 50,313 | ||||||
ConocoPhillips | 1,995 | 87,700 | ||||||
Constellation Brands, Inc. Class A | 418 | 80,979 | ||||||
Corning, Inc. | 2,546 | 76,507 | ||||||
Costco Wholesale Corp. | 116 | 18,552 | ||||||
Crown Castle International Corp. | 898 | 89,962 | ||||||
CSX Corp. | 1,463 | 79,821 | ||||||
Cummins, Inc. | 399 | 64,726 | ||||||
CVS Health Corp. | 1,501 | 120,770 | ||||||
D.R. Horton, Inc. | 1,843 | 63,713 | ||||||
DaVita, Inc.* | 855 | 55,370 | ||||||
Deere & Co. | 475 | 58,705 | ||||||
Delta Air Lines, Inc. | 1,387 | 74,537 | ||||||
DENTSPLY SIRONA, Inc. | 817 | 52,974 | ||||||
Devon Energy Corp. | 1,188 | 37,980 | ||||||
Discovery Communications, Inc. Class A* | 1,691 | 43,679 | ||||||
Dollar General Corp. | 665 | 47,940 | ||||||
Dollar Tree, Inc.* | 608 | 42,511 | ||||||
Dover Corp. | 722 | 57,919 | ||||||
Dow Chemical Co. (The) | 1,539 | 97,065 | ||||||
DST Systems, Inc. | 1,064 | 65,649 | ||||||
Duke Energy Corp. | 931 | 77,822 | ||||||
DuPont Fabros Technology, Inc. | 251 | 15,351 | ||||||
DXC Technology Co. | 536 | 41,122 | ||||||
E*TRADE Financial Corp.* | 1,235 | 46,967 | ||||||
E.I. du Pont de Nemours & Co. | 1,216 | 98,143 | ||||||
Eaton Vance Corp. | 1,330 | 62,936 | ||||||
eBay, Inc.* | 1,938 | 67,675 | ||||||
Electronic Arts, Inc.* | 627 | 66,286 | ||||||
Eli Lilly & Co. | 1,311 | 107,895 | ||||||
Emerson Electric Co. | 1,368 | 81,560 | ||||||
EOG Resources, Inc. | 703 | 63,636 | ||||||
EPR Properties | 912 | 65,545 | ||||||
Equinix, Inc. | 190 | 81,540 | ||||||
Estee Lauder Cos., Inc. (The) Class A | 684 | 65,650 | ||||||
Exelon Corp. | 1,748 | 63,050 | ||||||
Expeditors International of Washington, Inc. | 969 | 54,729 | ||||||
Express Scripts Holding Co.* | 1,121 | 71,565 | ||||||
Exxon Mobil Corp. | 5,187 | 418,747 | ||||||
F5 Networks, Inc.* | 361 | 45,869 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 79 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
June 30, 2017
Investments | Shares | Value | ||||||
Facebook, Inc. Class A* | 2,983 | $ | 450,373 | |||||
FedEx Corp. | 361 | 78,456 | ||||||
Fifth Third Bancorp | 2,375 | 61,655 | ||||||
First Republic Bank | 551 | 55,155 | ||||||
FirstEnergy Corp. | 1,558 | 45,431 | ||||||
FleetCor Technologies, Inc.* | 380 | 54,800 | ||||||
Fluor Corp. | 900 | 41,202 | ||||||
Ford Motor Co. | 6,612 | 73,988 | ||||||
Freeport-McMoRan, Inc.* | 2,826 | 33,940 | ||||||
Gartner, Inc.* | 513 | 63,361 | ||||||
General Dynamics Corp. | 437 | 86,570 | ||||||
General Electric Co. | 10,946 | 295,651 | ||||||
General Motors Co. | 2,432 | 84,950 | ||||||
Gentex Corp. | 2,774 | 52,623 | ||||||
Genuine Parts Co. | 703 | 65,210 | ||||||
Gilead Sciences, Inc. | 1,843 | 130,448 | ||||||
Goldman Sachs Group, Inc. (The) | 456 | 101,186 | ||||||
Great Plains Energy, Inc. | 1,805 | 52,850 | ||||||
Halliburton Co. | 1,260 | 53,815 | ||||||
Hartford Financial Services Group, Inc. (The) | 1,045 | 54,936 | ||||||
Hasbro, Inc. | 608 | 67,798 | ||||||
HCA Healthcare, Inc.* | 703 | 61,302 | ||||||
Healthcare Realty Trust, Inc. | 2,128 | 72,671 | ||||||
Hess Corp. | 666 | 29,217 | ||||||
Hewlett Packard Enterprise Co. | 3,002 | 49,803 | ||||||
Hexcel Corp. | 1,007 | 53,160 | ||||||
Home Depot, Inc. (The) | 1,539 | 236,083 | ||||||
Honeywell International, Inc. | 912 | 121,560 | ||||||
HP, Inc. | 3,971 | 69,413 | ||||||
Humana, Inc. | 247 | 59,433 | ||||||
Huntington Bancshares, Inc. | 4,123 | 55,743 | ||||||
Illumina, Inc.* | 380 | 65,938 | ||||||
Intel Corp. | 5,567 | 187,831 | ||||||
Intercontinental Exchange, Inc. | 855 | 56,362 | ||||||
International Business Machines Corp. | 1,062 | 163,367 | ||||||
International Paper Co. | 1,083 | 61,309 | ||||||
Intuit, Inc. | 570 | 75,702 | ||||||
Intuitive Surgical, Inc.* | 108 | 101,020 | ||||||
Investors Bancorp, Inc. | 4,731 | 63,206 | ||||||
J.M. Smucker Co. (The) | 378 | 44,729 | ||||||
Jack Henry & Associates, Inc. | 798 | 82,888 | ||||||
Jacobs Engineering Group, Inc. | 969 | 52,704 | ||||||
Johnson & Johnson | 3,268 | 432,324 | ||||||
JPMorgan Chase & Co. | 4,256 | 388,998 | ||||||
KeyCorp | 2,926 | 54,833 | ||||||
Kimberly-Clark Corp. | 665 | 85,858 | ||||||
Kinder Morgan, Inc. | 3,258 | 62,423 | ||||||
Kraft Heinz Co. (The) | 703 | 60,205 | ||||||
Kroger Co. (The) | 1,148 | 26,771 | ||||||
Lear Corp. | 380 | 53,990 | ||||||
Liberty Interactive Corp., QVC Group Class A* | 2,413 | 59,215 | ||||||
Liberty Media Corp - Liberty SiriusXM Class A* | 1,634 | 68,595 | ||||||
Lincoln National Corp. | 779 | 52,645 | ||||||
LKQ Corp.* | 2,071 | 68,239 | ||||||
Lockheed Martin Corp. | 361 | 100,217 | ||||||
Lowe’s Cos., Inc. | 1,482 | 114,899 | ||||||
M&T Bank Corp. | 342 | 55,387 | ||||||
Marathon Petroleum Corp. | 1,026 | 53,691 | ||||||
MarketAxess Holdings, Inc. | 75 | 15,083 | ||||||
Marriott International, Inc. Class A | 760 | 76,236 | ||||||
Masco Corp. | 1,672 | 63,887 | ||||||
MasterCard, Inc. Class A | 1,235 | 149,991 | ||||||
Maxim Integrated Products, Inc. | 1,007 | 45,214 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 285 | 27,790 | ||||||
McDonald’s Corp. | 1,140 | 174,602 | ||||||
McKesson Corp. | 418 | 68,778 | ||||||
Merck & Co., Inc. | 3,515 | 225,276 | ||||||
MetLife, Inc. | 1,539 | 84,553 | ||||||
Mettler-Toledo International, Inc.* | 133 | 78,276 | ||||||
MGM Resorts International | 1,995 | 62,424 | ||||||
Microchip Technology, Inc. | 988 | 76,254 | ||||||
Micron Technology, Inc.* | 2,033 | 60,705 | ||||||
Microsoft Corp. | 9,882 | 681,166 | ||||||
Mohawk Industries, Inc.* | 285 | 68,882 | ||||||
Mondelez International, Inc. Class A | 2,337 | 100,935 | ||||||
Monsanto Co. | 627 | 74,212 | ||||||
Moody’s Corp. | 513 | 62,422 | ||||||
Morgan Stanley | 2,128 | 94,824 | ||||||
MSCI, Inc. | 684 | 70,445 | ||||||
National Retail Properties, Inc. | 1,292 | 50,517 | ||||||
Netflix, Inc.* | 608 | 90,841 | ||||||
Newell Brands, Inc. | 1,292 | 69,277 | ||||||
Newmont Mining Corp. | 1,710 | 55,387 | ||||||
NextEra Energy, Inc. | 665 | 93,186 | ||||||
NIKE, Inc. Class B | 2,128 | 125,552 | ||||||
Noble Energy, Inc. | 324 | 9,169 | ||||||
Norfolk Southern Corp. | 494 | 60,120 | ||||||
Northrop Grumman Corp. | 304 | 78,040 | ||||||
Nucor Corp. | 874 | 50,578 | ||||||
NVIDIA Corp. | 900 | 130,104 | ||||||
O’Reilly Automotive, Inc.* | 252 | 55,122 | ||||||
Occidental Petroleum Corp. | 1,188 | 71,126 | ||||||
Omnicom Group, Inc. | 760 | 63,004 | ||||||
Oracle Corp. | 3,724 | 186,721 | ||||||
PayPal Holdings, Inc.* | 1,805 | 96,874 | ||||||
People’s United Financial, Inc. | 3,401 | 60,062 | ||||||
PepsiCo, Inc. | 1,482 | 171,156 | ||||||
Pfizer, Inc. | 7,752 | 260,390 | ||||||
PG&E Corp. | 988 | 65,574 | ||||||
Philip Morris International, Inc. | 1,986 | 233,256 | ||||||
Phillips 66 | 741 | 61,273 | ||||||
Pinnacle West Capital Corp. | 893 | 76,048 | ||||||
Pioneer Natural Resources Co. | 324 | 51,704 | ||||||
PNC Financial Services Group, Inc. (The) | 722 | 90,156 | ||||||
Pool Corp. | 285 | 33,507 | ||||||
Portland General Electric Co. | 1,349 | 61,636 | ||||||
PPG Industries, Inc. | 722 | 79,391 | ||||||
PPL Corp. | 1,463 | 56,560 |
See Notes to Financial Statements.
80 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
June 30, 2017
Investments | Shares | Value | ||||||
Priceline Group, Inc. (The)* | 76 | $ | 142,160 | |||||
Principal Financial Group, Inc. | 1,083 | 69,388 | ||||||
Procter & Gamble Co. (The) | 3,211 | 279,839 | ||||||
Prologis, Inc. | 1,558 | 91,361 | ||||||
Prudential Financial, Inc. | 760 | 82,186 | ||||||
Public Service Enterprise Group, Inc. | 1,368 | 58,838 | ||||||
Public Storage | 342 | 71,317 | ||||||
QUALCOMM, Inc. | 2,128 | 117,508 | ||||||
Quintiles IMS Holdings, Inc.* | 684 | 61,218 | ||||||
Raytheon Co. | 475 | 76,703 | ||||||
Realty Income Corp. | 988 | 54,518 | ||||||
Red Hat, Inc.* | 779 | 74,589 | ||||||
Regency Centers Corp. | 1,064 | 66,649 | ||||||
Regeneron Pharmaceuticals, Inc.* | 190 | 93,317 | ||||||
Regions Financial Corp. | 4,237 | 62,030 | ||||||
Reynolds American, Inc. | 969 | 63,024 | ||||||
Rockwell Automation, Inc. | 475 | 76,931 | ||||||
Rockwell Collins, Inc. | 589 | 61,892 | ||||||
Roper Technologies, Inc. | 304 | 70,385 | ||||||
Ross Stores, Inc. | 936 | 54,035 | ||||||
S&P Global, Inc. | 621 | 90,660 | ||||||
salesforce.com, Inc.* | 1,140 | 98,724 | ||||||
SCANA Corp. | 855 | 57,294 | ||||||
Sempra Energy | 646 | 72,837 | ||||||
Service Corp. International | 2,033 | 68,004 | ||||||
Sherwin-Williams Co. (The) | 190 | 66,682 | ||||||
Shire PLC | 1,425 | 78,446 | ||||||
Simon Property Group, Inc. | 532 | 86,056 | ||||||
Snap-on, Inc. | 266 | 42,028 | ||||||
Southwest Airlines Co. | 950 | 59,033 | ||||||
Southwest Gas Holdings, Inc. | 627 | 45,809 | ||||||
Starbucks Corp. | 2,242 | 130,731 | ||||||
State Street Corp. | 722 | 64,785 | ||||||
Stryker Corp. | 494 | 68,557 | ||||||
SunTrust Banks, Inc. | 1,235 | 70,049 | ||||||
Synchrony Financial | 1,368 | 40,794 | ||||||
Synopsys, Inc.* | 1,235 | 90,069 | ||||||
Sysco Corp. | 879 | 44,240 | ||||||
T. Rowe Price Group, Inc. | 760 | 56,400 | ||||||
Target Corp. | 1,026 | 53,650 | ||||||
Tesla, Inc.* | 209 | 75,577 | ||||||
Texas Instruments, Inc. | 1,349 | 103,779 | ||||||
Thermo Fisher Scientific, Inc. | 646 | 112,708 | ||||||
Time Warner, Inc. | 1,045 | 104,928 | ||||||
Tractor Supply Co. | 612 | 33,177 | ||||||
Travelers Cos., Inc. (The) | 437 | 55,294 | ||||||
Twenty-First Century Fox, Inc. Class A | 2,584 | 73,231 | ||||||
U.S. Bancorp | 1,482 | 76,945 | ||||||
U.S. Silica Holdings, Inc. | 284 | 10,079 | ||||||
Union Pacific Corp. | 1,064 | 115,880 | ||||||
United Continental Holdings, Inc.* | 646 | 48,612 | ||||||
United Parcel Service, Inc. Class B | 513 | 56,733 | ||||||
United Technologies Corp. | 931 | 113,684 | ||||||
UnitedHealth Group, Inc. | 1,178 | 218,425 | ||||||
Unum Group | 1,254 | 58,474 | ||||||
Valero Energy Corp. | 817 | 55,115 | ||||||
Ventas, Inc. | 1,007 | 69,966 | ||||||
Verizon Communications, Inc. | 5,244 | 234,197 | ||||||
Vertex Pharmaceuticals, Inc.* | 627 | 80,802 | ||||||
Visa, Inc. Class A | 2,318 | 217,382 | ||||||
Vulcan Materials Co. | 380 | 48,138 | ||||||
W.W. Grainger, Inc. | 180 | 32,495 | ||||||
Wal-Mart Stores, Inc. | 1,824 | 138,040 | ||||||
Walgreens Boots Alliance, Inc. | 1,121 | 87,786 | ||||||
Walt Disney Co. (The) | 1,748 | 185,725 | ||||||
Wells Fargo & Co. | 5,624 | 311,626 | ||||||
Welltower, Inc. | 1,045 | 78,218 | ||||||
Western Digital Corp. | 589 | 52,185 | ||||||
Weyerhaeuser Co. | 2,090 | 70,015 | ||||||
Wynn Resorts Ltd. | 77 | 10,327 | ||||||
Zimmer Biomet Holdings, Inc. | 475 | 60,990 | ||||||
Zions Bancorp | 1,463 | 64,240 | ||||||
Zoetis, Inc. | 1,083 | 67,558 | ||||||
|
| |||||||
Total United States | 29,070,763 | |||||||
TOTAL COMMON STOCKS (Cost: $50,808,404) | 50,888,057 | |||||||
RIGHTS – 0.0% | ||||||||
Spain – 0.0% | ||||||||
Repsol S.A., expiring 7/6/17* (Cost $84) | 177 | 81 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% | ||||||||
United States – 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c) | ||||||||
(Cost: $121,995)(d) | 121,995 | 121,995 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $50,930,483) | 51,010,133 | |||||||
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.1% | 32,006 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 51,042,139 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (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, 2017. |
(d) | At June 30, 2017, the total market value of the Fund’s securities on loan was $159,325 and the total market value of the collateral held by the Fund was $167,854. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $45,859. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 81 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global ex-Mexico Equity Fund (XMX)
June 30, 2017
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/3/2017 | USD | 13,843 | DKK | 90,188 | $ | (8 | ) | |||||||||||||
7/4/2017 | CHF | 3,516 | EUR | 3,210 | (10 | ) | ||||||||||||||
7/4/2017 | GBP | 2,500 | EUR | 2,848 | 1 | |||||||||||||||
7/5/2017 | BRL | 9,230 | USD | 2,786 | — | |||||||||||||||
7/5/2017 | USD | 26,727 | BRL | 88,545 | (2 | ) | ||||||||||||||
$ | (19 | ) |
CURRENCY LEGEND |
BRL – Brazilian real
CHF – Swiss franc
DKK – Danish krone
EUR – Euro
GBP – British pound
USD – U.S. dollar
See Notes to Financial Statements.
82 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
June 30, 2017
Investments | Shares | Value | ||||||
EXCHANGE-TRADED FUND – 100.0% | ||||||||
United States – 100.0% | ||||||||
WisdomTree Global SmallCap Dividend Fund(a)(b) | ||||||||
(Cost: $18,738,923) | 795,976 | $ | 24,468,302 | |||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.4% | ||||||||
United States – 4.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c) | ||||||||
(Cost: $1,086,750)(d) | 1,086,750 | 1,086,750 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 104.4% (Cost: $19,825,673) | 25,555,052 | |||||||
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (4.4)% | (1,082,353 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 24,472,699 |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of June 30, 2017. |
(d) | At June 30, 2017, the total market value of the Fund’s securities on loan was $1,060,530 and the total market value of the collateral held by the Fund was $1,086,750. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS | ||||||||||||||||||||
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2017 | AUD | 176,113 | USD | 131,041 | $ | (4,046 | ) | |||||||||||||
7/5/2017 | AUD | 231,157 | USD | 171,988 | (5,321 | ) | ||||||||||||||
7/5/2017 | AUD | 231,223 | USD | 171,988 | (5,372 | ) | ||||||||||||||
7/5/2017 | AUD | 231,158 | USD | 171,988 | (5,321 | ) | ||||||||||||||
7/5/2017 | AUD | 231,166 | USD | 171,988 | (5,328 | ) | ||||||||||||||
7/5/2017 | CHF | 19,072 | USD | 19,755 | (161 | ) | ||||||||||||||
7/5/2017 | CHF | 25,029 | USD | 25,925 | (211 | ) | ||||||||||||||
7/5/2017 | CHF | 25,030 | USD | 25,925 | (212 | ) | ||||||||||||||
7/5/2017 | CHF | 25,027 | USD | 25,925 | (209 | ) | ||||||||||||||
7/5/2017 | CHF | 25,029 | USD | 25,925 | (210 | ) | ||||||||||||||
7/5/2017 | DKK | 112,840 | USD | 17,087 | (223 | ) | ||||||||||||||
7/5/2017 | DKK | 148,047 | USD | 22,421 | (290 | ) | ||||||||||||||
7/5/2017 | DKK | 148,056 | USD | 22,421 | (291 | ) | ||||||||||||||
7/5/2017 | DKK | 148,055 | USD | 22,421 | (291 | ) | ||||||||||||||
7/5/2017 | DKK | 148,064 | USD | 22,421 | (292 | ) | ||||||||||||||
7/5/2017 | EUR | 253,266 | USD | 285,293 | (3,569 | ) | ||||||||||||||
7/5/2017 | EUR | 332,391 | USD | 374,441 | (4,667 | ) | ||||||||||||||
7/5/2017 | EUR | 332,388 | USD | 374,441 | (4,664 | ) | ||||||||||||||
7/5/2017 | EUR | 332,443 | USD | 374,441 | (4,727 | ) | ||||||||||||||
7/5/2017 | EUR | 332,396 | USD | 374,441 | (4,673 | ) | ||||||||||||||
7/5/2017 | GBP | 196,626 | USD | 254,098 | (1,309 | ) | ||||||||||||||
7/5/2017 | GBP | 258,060 | USD | 333,502 | (1,705 | ) | ||||||||||||||
7/5/2017 | GBP | 258,071 | USD | 333,502 | (1,719 | ) | ||||||||||||||
7/5/2017 | GBP | 258,061 | USD | 333,502 | (1,707 | ) | ||||||||||||||
7/5/2017 | GBP | 258,068 | USD | 333,502 | (1,715 | ) | ||||||||||||||
7/5/2017 | HKD | 9,450 | GBP | 930 | (3 | ) | ||||||||||||||
7/5/2017 | HKD | 1,160 | HUF | 40,180 | — | |||||||||||||||
7/5/2017 | HKD | 666,772 | USD | 85,634 | 221 | |||||||||||||||
7/5/2017 | HKD | 875,061 | USD | 112,390 | 295 | |||||||||||||||
7/5/2017 | HKD | 875,115 | USD | 112,390 | 288 | |||||||||||||||
7/5/2017 | HKD | 875,080 | USD | 112,390 | 293 | |||||||||||||||
7/5/2017 | HKD | 875,114 | USD | 112,390 | 289 | |||||||||||||||
7/5/2017 | HUF | 621,903 | USD | 2,271 | (24 | ) | ||||||||||||||
7/5/2017 | HUF | 816,076 | USD | 2,980 | (31 | ) | ||||||||||||||
7/5/2017 | HUF | 816,085 | USD | 2,980 | (31 | ) | ||||||||||||||
7/5/2017 | HUF | 816,082 | USD | 2,980 | (31 | ) | ||||||||||||||
7/5/2017 | HUF | 816,062 | USD | 2,980 | (31 | ) | ||||||||||||||
7/5/2017 | IDR | 888,868,809 | USD | 66,457 | (237 | ) | ||||||||||||||
7/5/2017 | ILS | 38,300 | USD | 10,832 | (143 | ) | ||||||||||||||
7/5/2017 | ILS | 50,261 | USD | 14,215 | (188 | ) | ||||||||||||||
7/5/2017 | ILS | 50,265 | USD | 14,215 | (189 | ) | ||||||||||||||
7/5/2017 | ILS | 50,263 | USD | 14,215 | (188 | ) | ||||||||||||||
7/5/2017 | ILS | 50,286 | USD | 14,215 | (195 | ) | ||||||||||||||
7/5/2017 | INR | 808,799 | USD | 12,483 | (16 | ) | ||||||||||||||
7/5/2017 | JPY | 2,853,246 | AUD | 33,000 | (81 | ) | ||||||||||||||
7/5/2017 | JPY | 2,506,237 | EUR | 19,500 | (65 | ) | ||||||||||||||
7/5/2017 | JPY | 805,739 | GBP | 5,500 | (27 | ) | ||||||||||||||
7/5/2017 | JPY | 57,217,964 | USD | 518,174 | 8,936 | |||||||||||||||
7/5/2017 | JPY | 75,098,546 | USD | 680,100 | 11,726 | |||||||||||||||
7/5/2017 | JPY | 75,105,755 | USD | 680,100 | 11,661 | |||||||||||||||
7/5/2017 | JPY | 75,098,954 | USD | 680,100 | 11,722 | |||||||||||||||
7/5/2017 | JPY | 75,098,138 | USD | 680,100 | 11,729 | |||||||||||||||
7/5/2017 | KRW | 253,809,318 | USD | 226,575 | 4,820 | |||||||||||||||
7/5/2017 | MXN | 114,256 | USD | 6,076 | (237 | ) | ||||||||||||||
7/5/2017 | MXN | 149,945 | USD | 7,973 | (311 | ) | ||||||||||||||
7/5/2017 | MXN | 149,936 | USD | 7,973 | (311 | ) | ||||||||||||||
7/5/2017 | MXN | 149,929 | USD | 7,973 | (310 | ) | ||||||||||||||
7/5/2017 | MXN | 149,932 | USD | 7,973 | (311 | ) | ||||||||||||||
7/5/2017 | MYR | 653,023 | USD | 152,611 | 499 | |||||||||||||||
7/5/2017 | NOK | 389,176 | USD | 46,230 | (230 | ) | ||||||||||||||
7/5/2017 | NOK | 510,812 | USD | 60,676 | (304 | ) | ||||||||||||||
7/5/2017 | NOK | 510,814 | USD | 60,676 | (305 | ) | ||||||||||||||
7/5/2017 | NOK | 510,795 | USD | 60,676 | (302 | ) | ||||||||||||||
7/5/2017 | NOK | 510,806 | USD | 60,676 | (304 | ) | ||||||||||||||
7/5/2017 | NZD | 92,773 | USD | 65,799 | (2,129 | ) | ||||||||||||||
7/5/2017 | NZD | 121,760 | USD | 86,356 | (2,796 | ) | ||||||||||||||
7/5/2017 | NZD | 121,760 | USD | 86,356 | (2,796 | ) | ||||||||||||||
7/5/2017 | NZD | 121,762 | USD | 86,356 | (2,798 | ) | ||||||||||||||
7/5/2017 | NZD | 121,767 | USD | 86,356 | (2,802 | ) | ||||||||||||||
7/5/2017 | PHP | 1,757,471 | USD | 35,274 | 382 | |||||||||||||||
7/5/2017 | PLN | 27,487 | USD | 7,384 | (28 | ) | ||||||||||||||
7/5/2017 | PLN | 36,070 | USD | 9,690 | (37 | ) | ||||||||||||||
7/5/2017 | PLN | 36,068 | USD | 9,690 | (36 | ) | ||||||||||||||
7/5/2017 | PLN | 36,075 | USD | 9,690 | (38 | ) | ||||||||||||||
7/5/2017 | PLN | 36,073 | USD | 9,690 | (38 | ) | ||||||||||||||
7/5/2017 | SEK | 546,925 | USD | 63,165 | (1,678 | ) | ||||||||||||||
7/5/2017 | SEK | 717,768 | USD | 82,899 | (2,200 | ) | ||||||||||||||
7/5/2017 | SEK | 717,751 | USD | 82,899 | (2,197 | ) | ||||||||||||||
7/5/2017 | SEK | 717,756 | USD | 82,899 | (2,198 | ) | ||||||||||||||
7/5/2017 | SEK | 717,780 | USD | 82,899 | (2,201 | ) | ||||||||||||||
7/5/2017 | SGD | 58,393 | USD | 42,223 | (188 | ) | ||||||||||||||
7/5/2017 | SGD | 76,641 | USD | 55,417 | (247 | ) | ||||||||||||||
7/5/2017 | SGD | 76,642 | USD | 55,417 | (248 | ) | ||||||||||||||
7/5/2017 | SGD | 76,638 | USD | 55,417 | (245 | ) | ||||||||||||||
7/5/2017 | SGD | 76,637 | USD | 55,417 | (244 | ) | ||||||||||||||
7/5/2017 | THB | 8,886,916 | USD | 260,421 | (1,051 | ) | ||||||||||||||
7/5/2017 | TRY | 46,514 | USD | 13,023 | (174 | ) | ||||||||||||||
7/5/2017 | TRY | 61,045 | USD | 17,089 | (231 | ) | ||||||||||||||
7/5/2017 | TRY | 61,036 | USD | 17,089 | (228 | ) | ||||||||||||||
7/5/2017 | TRY | 61,034 | USD | 17,089 | (228 | ) |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 83 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
June 30, 2017
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2017 | TRY | 61,040 | USD | 17,089 | $ | (230 | ) | |||||||||||||
7/5/2017 | TWD | 14,903,489 | USD | 495,105 | 4,624 | |||||||||||||||
7/5/2017 | USD | 4,508 | AUD | 5,941 | 49 | |||||||||||||||
7/5/2017 | USD | 171,041 | AUD | 222,980 | (4 | ) | ||||||||||||||
7/5/2017 | USD | 171,041 | AUD | 222,983 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 171,041 | AUD | 222,980 | (4 | ) | ||||||||||||||
7/5/2017 | USD | 130,321 | AUD | 169,902 | 3 | |||||||||||||||
7/5/2017 | USD | 171,041 | AUD | 222,985 | — | |||||||||||||||
7/5/2017 | USD | 25,925 | CHF | 24,828 | 1 | |||||||||||||||
7/5/2017 | USD | 25,925 | CHF | 24,828 | 1 | |||||||||||||||
7/5/2017 | USD | 25,925 | CHF | 24,827 | — | |||||||||||||||
7/5/2017 | USD | 19,755 | CHF | 18,918 | — | |||||||||||||||
7/5/2017 | USD | 1,001 | CHF | 960 | 2 | |||||||||||||||
7/5/2017 | USD | 25,925 | CHF | 24,827 | — | |||||||||||||||
7/5/2017 | USD | 22,421 | DKK | 146,162 | 1 | |||||||||||||||
7/5/2017 | USD | 22,421 | DKK | 146,160 | — | |||||||||||||||
7/5/2017 | USD | 22,421 | DKK | 146,162 | 1 | |||||||||||||||
7/5/2017 | USD | 17,087 | DKK | 111,387 | — | |||||||||||||||
7/5/2017 | USD | 1,382 | DKK | 9,000 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 22,421 | DKK | 146,158 | — | |||||||||||||||
7/5/2017 | USD | 9,814 | EUR | 8,756 | 173 | |||||||||||||||
7/5/2017 | USD | 372,381 | EUR | 326,484 | (10 | ) | ||||||||||||||
7/5/2017 | USD | 372,381 | EUR | 326,487 | (7 | ) | ||||||||||||||
7/5/2017 | USD | 372,381 | EUR | 326,484 | (9 | ) | ||||||||||||||
7/5/2017 | USD | 283,719 | EUR | 248,761 | 6 | |||||||||||||||
7/5/2017 | USD | 372,381 | EUR | 326,492 | — | |||||||||||||||
7/5/2017 | USD | 8,741 | GBP | 6,859 | 168 | |||||||||||||||
7/5/2017 | USD | 331,666 | GBP | 255,328 | (8 | ) | ||||||||||||||
7/5/2017 | USD | 331,666 | GBP | 255,330 | (5 | ) | ||||||||||||||
7/5/2017 | USD | 331,666 | GBP | 255,328 | (8 | ) | ||||||||||||||
7/5/2017 | USD | 252,701 | GBP | 194,539 | (5 | ) | ||||||||||||||
7/5/2017 | USD | 331,666 | GBP | 255,334 | — | |||||||||||||||
7/5/2017 | USD | 2,946 | HKD | 22,971 | (3 | ) | ||||||||||||||
7/5/2017 | USD | 111,772 | HKD | 872,520 | (3 | ) | ||||||||||||||
7/5/2017 | USD | 111,772 | HKD | 872,521 | (3 | ) | ||||||||||||||
7/5/2017 | USD | 111,772 | HKD | 872,530 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 85,160 | HKD | 664,811 | 2 | |||||||||||||||
7/5/2017 | USD | 111,772 | HKD | 872,543 | — | |||||||||||||||
7/5/2017 | USD | 2,980 | HUF | 807,628 | — | |||||||||||||||
7/5/2017 | USD | 2,980 | HUF | 807,629 | — | |||||||||||||||
7/5/2017 | USD | 2,980 | HUF | 807,619 | — | |||||||||||||||
7/5/2017 | USD | 2,271 | HUF | 615,463 | — | |||||||||||||||
7/5/2017 | USD | 2,980 | HUF | 807,609 | — | |||||||||||||||
7/5/2017 | USD | 66,607 | IDR | 888,868,809 | 87 | |||||||||||||||
7/5/2017 | USD | 14,215 | ILS | 49,607 | — | |||||||||||||||
7/5/2017 | USD | 14,215 | ILS | 49,607 | — | |||||||||||||||
7/5/2017 | USD | 14,215 | ILS | 49,607 | — | |||||||||||||||
7/5/2017 | USD | 10,832 | ILS | 37,801 | — | |||||||||||||||
7/5/2017 | USD | 889 | ILS | 3,100 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 14,215 | ILS | 49,606 | — | |||||||||||||||
7/5/2017 | USD | 12,485 | INR | 808,799 | 14 | |||||||||||||||
7/5/2017 | USD | 17,826 | JPY | 1,985,153 | (158 | ) | ||||||||||||||
7/5/2017 | USD | 676,357 | JPY | 75,997,501 | 18 | |||||||||||||||
7/5/2017 | USD | 676,357 | JPY | 75,996,825 | 12 | |||||||||||||||
7/5/2017 | USD | 676,357 | JPY | 75,997,366 | 17 | |||||||||||||||
7/5/2017 | USD | 515,320 | JPY | 57,902,488 | 10 | |||||||||||||||
7/5/2017 | USD | 676,357 | JPY | 75,995,472 | — | |||||||||||||||
7/5/2017 | USD | 221,822 | KRW | 253,809,318 | (68 | ) | ||||||||||||||
7/5/2017 | USD | 7,973 | MXN | 144,313 | — | |||||||||||||||
7/5/2017 | USD | 7,973 | MXN | 144,311 | — | |||||||||||||||
7/5/2017 | USD | 7,973 | MXN | 144,313 | — | |||||||||||||||
7/5/2017 | USD | 6,076 | MXN | 109,976 | — | |||||||||||||||
7/5/2017 | USD | 1,474 | MXN | 26,710 | 2 | |||||||||||||||
7/5/2017 | USD | 7,973 | MXN | 144,309 | — | |||||||||||||||
7/5/2017 | USD | 151,180 | MYR | 653,023 | 931 | |||||||||||||||
7/5/2017 | USD | 1,590 | NOK | 13,480 | 19 | |||||||||||||||
7/5/2017 | USD | 60,342 | NOK | 505,476 | 2 | |||||||||||||||
7/5/2017 | USD | 60,342 | NOK | 505,476 | 2 | |||||||||||||||
7/5/2017 | USD | 60,342 | NOK | 505,471 | 1 | |||||||||||||||
7/5/2017 | USD | 45,976 | NOK | 385,133 | 1 | |||||||||||||||
7/5/2017 | USD | 1,425 | NOK | 11,900 | (4 | ) | ||||||||||||||
7/5/2017 | USD | 60,342 | NOK | 505,464 | — | |||||||||||||||
7/5/2017 | USD | 2,263 | NZD | 3,098 | 5 | |||||||||||||||
7/5/2017 | USD | 85,881 | NZD | 117,289 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 85,881 | NZD | 117,290 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 85,881 | NZD | 117,295 | 2 | |||||||||||||||
7/5/2017 | USD | 65,436 | NZD | 89,371 | 1 | |||||||||||||||
7/5/2017 | USD | 13,330 | NZD | 18,200 | (4 | ) | ||||||||||||||
7/5/2017 | USD | 85,881 | NZD | 117,292 | — | |||||||||||||||
7/5/2017 | USD | 34,592 | PHP | 1,757,471 | 299 | |||||||||||||||
7/5/2017 | USD | 9,690 | PLN | 35,933 | — | |||||||||||||||
7/5/2017 | USD | 9,690 | PLN | 35,933 | — | |||||||||||||||
7/5/2017 | USD | 9,690 | PLN | 35,933 | — | |||||||||||||||
7/5/2017 | USD | 7,384 | PLN | 27,382 | — | |||||||||||||||
7/5/2017 | USD | 165 | PLN | 610 | — | |||||||||||||||
7/5/2017 | USD | 9,690 | PLN | 35,933 | — | |||||||||||||||
7/5/2017 | USD | 2,173 | SEK | 18,922 | 70 | |||||||||||||||
7/5/2017 | USD | 82,443 | SEK | 695,387 | 2 | |||||||||||||||
7/5/2017 | USD | 82,443 | SEK | 695,387 | 2 | |||||||||||||||
7/5/2017 | USD | 82,443 | SEK | 695,380 | 1 | |||||||||||||||
7/5/2017 | USD | 62,816 | SEK | 529,814 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 10,403 | SEK | 87,700 | (6 | ) | ||||||||||||||
7/5/2017 | USD | 82,443 | SEK | 695,370 | — | |||||||||||||||
7/5/2017 | USD | 1,452 | SGD | 2,015 | 11 | |||||||||||||||
7/5/2017 | USD | 55,112 | SGD | 75,879 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 55,112 | SGD | 75,880 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 55,112 | SGD | 75,879 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 41,991 | SGD | 57,816 | 1 | |||||||||||||||
7/5/2017 | USD | 1,129 | SGD | 1,555 | — | |||||||||||||||
7/5/2017 | USD | 55,112 | SGD | 75,881 | — | |||||||||||||||
7/5/2017 | USD | 261,534 | THB | 8,886,916 | (62 | ) | ||||||||||||||
7/5/2017 | USD | 17,089 | TRY | 60,231 | — | |||||||||||||||
7/5/2017 | USD | 17,089 | TRY | 60,230 | — | |||||||||||||||
7/5/2017 | USD | 17,089 | TRY | 60,232 | — | |||||||||||||||
7/5/2017 | USD | 13,023 | TRY | 45,900 | — | |||||||||||||||
7/5/2017 | USD | 1,090 | TRY | 3,835 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 17,089 | TRY | 60,231 | — | |||||||||||||||
7/5/2017 | USD | 490,198 | TWD | 14,903,489 | 282 | |||||||||||||||
7/5/2017 | USD | 37,569 | ZAR | 492,235 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 37,569 | ZAR | 492,241 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 37,569 | ZAR | 492,236 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 28,624 | ZAR | 375,038 | (1 | ) | ||||||||||||||
7/5/2017 | USD | 2,216 | ZAR | 29,000 | (2 | ) | ||||||||||||||
7/5/2017 | USD | 37,569 | ZAR | 492,248 | — | |||||||||||||||
7/5/2017 | ZAR | 379,719 | USD | 28,624 | (357 | ) | ||||||||||||||
7/5/2017 | ZAR | 498,402 | USD | 37,569 | (470 | ) |
See Notes to Financial Statements.
84 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
June 30, 2017
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
7/5/2017 | ZAR | 498,096 | USD | 37,569 | $ | (446 | ) | |||||||||||||
7/5/2017 | ZAR | 498,404 | USD | 37,569 | (470 | ) | ||||||||||||||
7/5/2017 | ZAR | 498,382 | USD | 37,569 | (468 | ) | ||||||||||||||
7/6/2017 | BRL | 116,775 | USD | 35,716 | 480 | |||||||||||||||
7/6/2017 | BRL | 88,976 | USD | 27,226 | 378 | |||||||||||||||
7/6/2017 | BRL | 116,775 | USD | 35,723 | 486 | |||||||||||||||
7/6/2017 | BRL | 116,775 | USD | 35,738 | 502 | |||||||||||||||
7/6/2017 | BRL | 116,775 | USD | 35,776 | 539 | |||||||||||||||
7/6/2017 | CAD | 169,903 | USD | 125,866 | (4,963 | ) | ||||||||||||||
7/6/2017 | CAD | 222,983 | USD | 165,193 | (6,508 | ) | ||||||||||||||
7/6/2017 | CAD | 222,981 | USD | 165,193 | (6,507 | ) | ||||||||||||||
7/6/2017 | CAD | 222,982 | USD | 165,193 | (6,507 | ) | ||||||||||||||
7/6/2017 | CAD | 222,979 | USD | 165,193 | (6,505 | ) | ||||||||||||||
7/6/2017 | CLP | 12,024,405 | USD | 17,884 | (205 | ) | ||||||||||||||
7/6/2017 | CLP | 9,161,454 | USD | 13,631 | (151 | ) | ||||||||||||||
7/6/2017 | CLP | 12,024,405 | USD | 17,906 | (183 | ) | ||||||||||||||
7/6/2017 | CLP | 12,024,405 | USD | 17,884 | (205 | ) | ||||||||||||||
7/6/2017 | CLP | 12,024,405 | USD | 17,880 | (209 | ) | ||||||||||||||
7/6/2017 | USD | 35,245 | BRL | 116,775 | (8 | ) | ||||||||||||||
7/6/2017 | USD | 35,234 | BRL | 116,775 | 3 | |||||||||||||||
7/6/2017 | USD | 26,892 | BRL | 88,976 | (44 | ) | ||||||||||||||
7/6/2017 | USD | 35,244 | BRL | 116,775 | (8 | ) | ||||||||||||||
7/6/2017 | USD | 35,248 | BRL | 116,775 | (11 | ) | ||||||||||||||
7/6/2017 | USD | 4,330 | CAD | 5,731 | 83 | |||||||||||||||
7/6/2017 | USD | 164,284 | CAD | 213,355 | 3 | |||||||||||||||
7/6/2017 | USD | 164,284 | CAD | 213,354 | 2 | |||||||||||||||
7/6/2017 | USD | 164,284 | CAD | 213,356 | 4 | |||||||||||||||
7/6/2017 | USD | 125,172 | CAD | 162,560 | 2 | |||||||||||||||
7/6/2017 | USD | 30,925 | CAD | 40,100 | (48 | ) | ||||||||||||||
7/6/2017 | USD | 164,284 | CAD | 213,350 | — | |||||||||||||||
7/6/2017 | USD | 18,097 | CLP | 12,024,405 | (8 | ) | ||||||||||||||
7/6/2017 | USD | 18,102 | CLP | 12,024,405 | (13 | ) | ||||||||||||||
7/6/2017 | USD | 18,089 | CLP | 12,024,405 | — | |||||||||||||||
7/6/2017 | USD | 13,794 | CLP | 9,161,454 | (12 | ) | ||||||||||||||
7/6/2017 | USD | 18,092 | CLP | 12,024,405 | (4 | ) | ||||||||||||||
8/2/2017 | AUD | 236,796 | USD | 181,577 | 5 | |||||||||||||||
8/2/2017 | AUD | 236,797 | USD | 181,577 | 4 | |||||||||||||||
8/2/2017 | AUD | 236,796 | USD | 181,577 | 5 | |||||||||||||||
8/2/2017 | AUD | 180,426 | USD | 138,345 | (3 | ) | ||||||||||||||
8/2/2017 | AUD | 236,802 | USD | 181,577 | 1 | |||||||||||||||
8/2/2017 | DKK | 146,513 | USD | 22,509 | (1 | ) | ||||||||||||||
8/2/2017 | DKK | 146,514 | USD | 22,509 | (1 | ) | ||||||||||||||
8/2/2017 | DKK | 146,516 | USD | 22,509 | (1 | ) | ||||||||||||||
8/2/2017 | DKK | 111,653 | USD | 17,153 | (1 | ) | ||||||||||||||
8/2/2017 | DKK | 146,512 | USD | 22,509 | — | |||||||||||||||
8/2/2017 | EUR | 331,626 | USD | 378,784 | 5 | |||||||||||||||
8/2/2017 | EUR | 331,627 | USD | 378,784 | 4 | |||||||||||||||
8/2/2017 | EUR | 331,630 | USD | 378,784 | — | |||||||||||||||
8/2/2017 | EUR | 252,683 | USD | 288,601 | (10 | ) | ||||||||||||||
8/2/2017 | EUR | 331,634 | USD | 378,784 | (4 | ) | ||||||||||||||
8/2/2017 | GBP | 244,572 | USD | 317,972 | 4 | |||||||||||||||
8/2/2017 | GBP | 244,574 | USD | 317,972 | 2 | |||||||||||||||
8/2/2017 | GBP | 244,571 | USD | 317,972 | 6 | |||||||||||||||
8/2/2017 | GBP | 186,342 | USD | 242,268 | 5 | |||||||||||||||
8/2/2017 | GBP | 244,576 | USD | 317,972 | — | |||||||||||||||
8/2/2017 | HKD | 898,702 | USD | 115,216 | (3 | ) | ||||||||||||||
8/2/2017 | HKD | 898,682 | USD | 115,216 | — | |||||||||||||||
8/2/2017 | HKD | 898,706 | USD | 115,216 | (4 | ) | ||||||||||||||
8/2/2017 | HKD | 684,740 | USD | 87,784 | (4 | ) | ||||||||||||||
8/2/2017 | HKD | 898,704 | USD | 115,216 | (3 | ) | ||||||||||||||
8/2/2017 | HUF | 833,738 | USD | 3,079 | (1 | ) | ||||||||||||||
8/2/2017 | HUF | 833,513 | USD | 3,079 | — | |||||||||||||||
8/2/2017 | HUF | 833,585 | USD | 3,079 | — | |||||||||||||||
8/2/2017 | HUF | 635,676 | USD | 2,348 | — | |||||||||||||||
8/2/2017 | HUF | 833,578 | USD | 3,079 | — | |||||||||||||||
8/2/2017 | NOK | 515,310 | USD | 61,550 | (3 | ) | ||||||||||||||
8/2/2017 | NOK | 515,295 | USD | 61,550 | (1 | ) | ||||||||||||||
8/2/2017 | NOK | 515,307 | USD | 61,550 | (2 | ) | ||||||||||||||
8/2/2017 | NOK | 392,647 | USD | 46,899 | (2 | ) | ||||||||||||||
8/2/2017 | NOK | 515,295 | USD | 61,550 | (1 | ) | ||||||||||||||
8/2/2017 | NZD | 129,097 | USD | 94,480 | 1 | |||||||||||||||
8/2/2017 | NZD | 129,105 | USD | 94,480 | (5 | ) | ||||||||||||||
8/2/2017 | NZD | 129,098 | USD | 94,480 | — | |||||||||||||||
8/2/2017 | NZD | �� | 98,364 | USD | 71,986 | (1 | ) | |||||||||||||
8/2/2017 | NZD | 129,101 | USD | 94,480 | (2 | ) | ||||||||||||||
8/2/2017 | PHP | 1,729,521 | USD | 34,224 | 105 | |||||||||||||||
8/2/2017 | PLN | 34,987 | USD | 9,433 | — | |||||||||||||||
8/2/2017 | PLN | 34,986 | USD | 9,433 | — | |||||||||||||||
8/2/2017 | PLN | 34,985 | USD | 9,433 | — | |||||||||||||||
8/2/2017 | PLN | 26,671 | USD | 7,191 | — | |||||||||||||||
8/2/2017 | PLN | 34,985 | USD | 9,433 | — | |||||||||||||||
8/2/2017 | SEK | 690,100 | USD | 81,942 | (3 | ) | ||||||||||||||
8/2/2017 | SEK | 690,101 | USD | 81,942 | (3 | ) | ||||||||||||||
8/2/2017 | SEK | 690,085 | USD | 81,942 | (2 | ) | ||||||||||||||
8/2/2017 | SEK | 525,775 | USD | 62,432 | (1 | ) | ||||||||||||||
8/2/2017 | SEK | 690,087 | USD | 81,942 | (2 | ) | ||||||||||||||
8/2/2017 | TRY | 63,397 | USD | 17,844 | (2 | ) | ||||||||||||||
8/2/2017 | TRY | 63,395 | USD | 17,844 | (2 | ) | ||||||||||||||
8/2/2017 | TRY | 63,400 | USD | 17,844 | (3 | ) | ||||||||||||||
8/2/2017 | TRY | 48,310 | USD | 13,597 | (2 | ) | ||||||||||||||
8/2/2017 | TRY | 63,392 | USD | 17,844 | (1 | ) | ||||||||||||||
8/3/2017 | BRL | 113,009 | USD | 33,889 | (8 | ) | ||||||||||||||
8/3/2017 | BRL | 113,009 | USD | 33,895 | (1 | ) | ||||||||||||||
8/3/2017 | BRL | 86,105 | USD | 25,859 | 32 | |||||||||||||||
8/3/2017 | BRL | 113,009 | USD | 33,892 | (5 | ) | ||||||||||||||
8/3/2017 | BRL | 113,009 | USD | 33,904 | 7 | |||||||||||||||
8/3/2017 | CAD | 219,175 | USD | 168,848 | (8 | ) | ||||||||||||||
8/3/2017 | CAD | 219,170 | USD | 168,848 | (4 | ) | ||||||||||||||
8/3/2017 | CAD | 219,173 | USD | 168,848 | (6 | ) | ||||||||||||||
8/3/2017 | CAD | 166,993 | USD | 128,649 | (5 | ) | ||||||||||||||
8/3/2017 | CAD | 219,165 | USD | 168,848 | — | |||||||||||||||
8/3/2017 | CHF | 23,945 | USD | 25,048 | (1 | ) | ||||||||||||||
8/3/2017 | CHF | 23,945 | USD | 25,048 | (1 | ) | ||||||||||||||
8/3/2017 | CHF | 23,945 | USD | 25,048 | (1 | ) | ||||||||||||||
8/3/2017 | CHF | 18,245 | USD | 19,086 | — | |||||||||||||||
8/3/2017 | CHF | 23,944 | USD | 25,048 | (1 | ) | ||||||||||||||
8/3/2017 | CLP | 11,832,753 | USD | 17,782 | (6 | ) | ||||||||||||||
8/3/2017 | CLP | 11,832,753 | USD | 17,785 | (3 | ) | ||||||||||||||
8/3/2017 | CLP | 11,832,753 | USD | 17,800 | 12 | |||||||||||||||
8/3/2017 | CLP | 9,015,431 | USD | 13,563 | 10 | |||||||||||||||
8/3/2017 | CLP | 11,832,753 | USD | 17,790 | 2 | |||||||||||||||
8/3/2017 | IDR | 916,212,806 | USD | 68,425 | (60 | ) | ||||||||||||||
8/3/2017 | ILS | 52,137 | USD | 14,955 | (1 | ) | ||||||||||||||
8/3/2017 | ILS | 52,139 | USD | 14,955 | (2 | ) | ||||||||||||||
8/3/2017 | ILS | 52,136 | USD | 14,955 | (1 | ) | ||||||||||||||
8/3/2017 | ILS | 39,737 | USD | 11,398 | (1 | ) |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 85 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
June 30, 2017
Settlement Date | Contracts To Deliver | In Exchange For | Unrealized Gain (Loss) | |||||||||||||||||
8/3/2017 | ILS | 52,137 | USD | 14,955 | $ | (1 | ) | |||||||||||||
8/3/2017 | INR | 797,702 | USD | 12,270 | (11 | ) | ||||||||||||||
8/3/2017 | JPY | 76,869,876 | USD | 684,942 | (25 | ) | ||||||||||||||
8/3/2017 | JPY | 76,868,848 | USD | 684,942 | (16 | ) | ||||||||||||||
8/3/2017 | JPY | 76,870,013 | USD | 684,942 | (26 | ) | ||||||||||||||
8/3/2017 | JPY | 58,567,656 | USD | 521,865 | (16 | ) | ||||||||||||||
8/3/2017 | JPY | 76,867,067 | USD | 684,942 | — | |||||||||||||||
8/3/2017 | KRW | 246,843,481 | USD | 215,806 | 71 | |||||||||||||||
8/3/2017 | MXN | 158,296 | USD | 8,705 | (1 | ) | ||||||||||||||
8/3/2017 | MXN | 158,289 | USD | 8,705 | — | |||||||||||||||
8/3/2017 | MXN | 158,297 | USD | 8,705 | (1 | ) | ||||||||||||||
8/3/2017 | MXN | 120,615 | USD | 6,633 | — | |||||||||||||||
8/3/2017 | MXN | 158,292 | USD | 8,705 | (1 | ) | ||||||||||||||
8/3/2017 | MYR | 655,308 | USD | 152,433 | 470 | |||||||||||||||
8/3/2017 | SGD | 76,139 | USD | 55,322 | (2 | ) | ||||||||||||||
8/3/2017 | SGD | 76,137 | USD | 55,322 | — | |||||||||||||||
8/3/2017 | SGD | 76,139 | USD | 55,322 | (2 | ) | ||||||||||||||
8/3/2017 | SGD | 58,019 | USD | 42,153 | (4 | ) | ||||||||||||||
8/3/2017 | SGD | 76,140 | USD | 55,322 | (3 | ) | ||||||||||||||
8/3/2017 | THB | 8,823,055 | USD | 259,502 | (84 | ) | ||||||||||||||
8/3/2017 | TWD | 14,893,041 | USD | 489,291 | 207 | |||||||||||||||
8/3/2017 | ZAR | 464,305 | USD | 35,262 | — | |||||||||||||||
8/3/2017 | ZAR | 464,321 | USD | 35,262 | (1 | ) | ||||||||||||||
8/3/2017 | ZAR | 464,314 | USD | 35,262 | — | |||||||||||||||
8/3/2017 | ZAR | 353,834 | USD | 26,871 | (1 | ) | ||||||||||||||
8/3/2017 | ZAR | 464,327 | USD | 35,262 | (1 | ) | ||||||||||||||
$ | (51,887 | ) |
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
HUF – Hungary forint
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.
86 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
Australia – 3.5% | ||||||||
AP Eagers Ltd.(a) | 756 | $ | 4,848 | |||||
Bapcor Ltd. | 4,000 | 16,845 | ||||||
Blackmores Ltd.(a) | 321 | 23,598 | ||||||
Brickworks Ltd. | 2,306 | 24,392 | ||||||
CSR Ltd. | 21,533 | 69,867 | ||||||
Downer EDI Ltd. | 16,234 | 79,819 | ||||||
Event Hospitality and Entertainment Ltd. | 3,807 | 39,043 | ||||||
Fairfax Media Ltd. | 69,439 | 58,590 | ||||||
Genworth Mortgage Insurance Australia Ltd. | 19,780 | 44,455 | ||||||
Independence Group NL | 2,000 | 4,832 | ||||||
IRESS Ltd. | 4,993 | 48,601 | ||||||
Mineral Resources Ltd. | 1,992 | 16,578 | ||||||
MYOB Group Ltd. | 6,820 | 17,891 | ||||||
Navitas Ltd. | 11,454 | 42,611 | ||||||
OceanaGold Corp. | 4,502 | 13,554 | ||||||
OZ Minerals Ltd. | 5,762 | 32,750 | ||||||
Pact Group Holdings Ltd. | 3,184 | 14,629 | ||||||
Perpetual Ltd. | 1,574 | 67,454 | ||||||
Premier Investments Ltd. | 4,230 | 41,109 | ||||||
Primary Health Care Ltd. | 16,792 | 46,884 | ||||||
Regis Healthcare Ltd.(a) | 5,406 | 16,296 | ||||||
Regis Resources Ltd. | 14,500 | 42,042 | ||||||
Seven Group Holdings Ltd.(a) | 14,047 | 117,876 | ||||||
Sims Metal Management Ltd. | 2,976 | 34,652 | ||||||
Super Retail Group Ltd. | 5,993 | 37,695 | ||||||
|
| |||||||
Total Australia | 956,911 | |||||||
Austria – 0.1% | ||||||||
RHI AG | 693 | 25,648 | ||||||
Belgium – 0.5% | ||||||||
Econocom Group S.A./N.V. | 3,904 | 32,598 | ||||||
Euronav N.V. | 10,078 | 79,611 | ||||||
Ion Beam Applications | 454 | 24,987 | ||||||
|
| |||||||
Total Belgium | 137,196 | |||||||
Brazil – 0.7% | ||||||||
Duratex S.A. | 2,000 | 4,932 | ||||||
Grendene S.A. | 6,362 | 49,214 | ||||||
Iguatemi Empresa de Shopping Centers S.A. | 788 | 7,829 | ||||||
Mahle-Metal Leve S.A. | 4,752 | 27,896 | ||||||
MRV Engenharia e Participacoes S.A. | 4,840 | 19,750 | ||||||
Qualicorp S.A. | 3,715 | 32,180 | ||||||
Sul America S.A. | 3,303 | 17,645 | ||||||
TOTVS S.A. | 2,300 | 20,937 | ||||||
|
| |||||||
Total Brazil | 180,383 | |||||||
Canada – 3.2% | ||||||||
Canadian Western Bank(a) | 1,350 | 28,462 | ||||||
Capital Power Corp.(a) | 3,744 | 70,112 | ||||||
CES Energy Solutions Corp. | 7,407 | 32,966 | ||||||
Chemtrade Logistics Income Fund | 2,748 | 38,489 | ||||||
Cogeco Communications, Inc. | 550 | 33,545 | ||||||
Corus Entertainment, Inc. Class B | 7,734 | 81,169 | ||||||
EnerCare, Inc. | 3,353 | 50,913 | ||||||
Enerplus Corp. | 11,735 | 95,058 | ||||||
Intertape Polymer Group, Inc. | 1,088 | 20,684 | ||||||
Laurentian Bank of Canada(a) | 702 | 29,281 | ||||||
Mullen Group Ltd. | 3,149 | 38,796 | ||||||
New Flyer Industries, Inc. | 450 | 18,794 | ||||||
North West Co., Inc. (The)(a) | 2,135 | 51,390 | ||||||
Pason Systems, Inc. | 900 | 13,403 | ||||||
Russel Metals, Inc. | 2,825 | 56,470 | ||||||
Secure Energy Services, Inc. | 3,375 | 22,999 | ||||||
Superior Plus Corp.(a) | 5,254 | 46,201 | ||||||
TransAlta Corp. | 15,981 | 102,012 | ||||||
Uni-Select, Inc. | 338 | 8,151 | ||||||
Westshore Terminals Investment Corp. | 2,231 | 36,092 | ||||||
|
| |||||||
Total Canada | 874,987 | |||||||
Chile – 0.4% | ||||||||
Engie Energia Chile S.A. | 16,996 | 31,017 | ||||||
Inversiones Aguas Metropolitanas S.A. | 13,612 | 23,021 | ||||||
Ripley Corp. S.A. | 29,886 | 22,754 | ||||||
Vina Concha y Toro S.A. | 17,233 | 26,605 | ||||||
|
| |||||||
Total Chile | 103,397 | |||||||
China – 2.0% | ||||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 18,000 | 26,332 | ||||||
China Communications Services Corp., Ltd. Class H | 72,000 | 41,504 | ||||||
China National Building Material Co., Ltd. Class H | 54,000 | 32,097 | ||||||
China Oilfield Services Ltd. Class H | 8,000 | 6,415 | ||||||
China South City Holdings Ltd. | 42,000 | 7,801 | ||||||
China Southern Airlines Co., Ltd. Class H | 28,000 | 23,673 | ||||||
China Travel International Investment Hong Kong Ltd.(a) | 84,000 | 24,211 | ||||||
CITIC Telecom International Holdings Ltd. | 52,000 | 16,653 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(a)(b) | 5,600 | 21,449 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 21,600 | 33,591 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 36,000 | 50,820 | ||||||
Jiangxi Copper Co., Ltd. Class H | 27,000 | 44,340 | ||||||
Red Star Macalline Group Corp. Ltd. Class H(b) | 14,000 | 14,347 | ||||||
Sinopec Engineering Group Co., Ltd. Class H | 19,500 | 17,585 | ||||||
Sinotrans Ltd. Class H | 36,000 | 18,446 | ||||||
SITC International Holdings Co., Ltd. | 62,000 | 48,765 | ||||||
Tianneng Power International Ltd. | 14,000 | 11,496 | ||||||
Weichai Power Co., Ltd. Class H | 36,000 | 31,543 | ||||||
Yuzhou Properties Co., Ltd. | 53,000 | 31,366 | ||||||
Zhejiang Expressway Co., Ltd. Class H | 36,000 | 47,038 | ||||||
|
| |||||||
Total China | 549,472 | |||||||
Denmark – 0.5% | ||||||||
Alm Brand A/S | 4,257 | 37,876 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 2,816 | 45,790 | ||||||
Schouw & Co. AB | 256 | 27,431 | ||||||
Spar Nord Bank A/S | 1,692 | 22,166 | ||||||
|
| |||||||
Total Denmark | 133,263 | |||||||
Finland – 0.3% | ||||||||
Cramo Oyj | 539 | 16,106 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 87 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2017
Investments | Shares | Value | ||||||
Sanoma Oyj | 797 | $ | 7,436 | |||||
Tikkurila Oyj | 911 | 19,669 | ||||||
Uponor Oyj | 1,997 | 36,238 | ||||||
YIT Oyj(a) | 2,179 | 18,192 | ||||||
|
| |||||||
Total Finland | 97,641 | |||||||
France – 0.9% | ||||||||
Coface S.A. | 3,172 | 31,764 | ||||||
Gaztransport Et Technigaz S.A. | 1,659 | 66,179 | ||||||
IPSOS | 862 | 32,297 | ||||||
Neopost S.A. | 2,499 | 115,862 | ||||||
|
| |||||||
Total France | 246,102 | |||||||
Germany – 1.2% | ||||||||
BayWa AG | 633 | 22,468 | ||||||
ElringKlinger AG(a) | 1,580 | 30,239 | ||||||
Hamburger Hafen und Logistik AG | 2,069 | 45,119 | ||||||
Indus Holding AG | 720 | 50,996 | ||||||
Leoni AG | 493 | 25,345 | ||||||
Pfeiffer Vacuum Technology AG | 266 | 38,879 | ||||||
Sixt SE | 480 | 28,972 | ||||||
Takkt AG | 828 | 20,672 | ||||||
TLG Immobilien AG | 1,368 | 27,921 | ||||||
Wacker Neuson SE | 1,781 | 43,125 | ||||||
|
| |||||||
Total Germany | 333,736 | |||||||
Hong Kong – 0.2% | ||||||||
China High Speed Transmission Equipment Group Co., Ltd.(a) | 15,000 | 16,429 | ||||||
Chong Hing Bank Ltd. | 4,000 | 8,444 | ||||||
Kowloon Development Co., Ltd. | 18,000 | 19,576 | ||||||
|
| |||||||
Total Hong Kong | 44,449 | |||||||
Indonesia – 0.4% | ||||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 90,800 | 15,057 | ||||||
Bumitama Agri Ltd. | 45,000 | 24,512 | ||||||
Global Mediacom Tbk PT* | 360,000 | 15,667 | ||||||
Indo Tambangraya Megah Tbk PT | 21,000 | 27,259 | ||||||
Tambang Batubara Bukit Asam Persero Tbk PT | 17,700 | 15,871 | ||||||
|
| |||||||
Total Indonesia | 98,366 | |||||||
Ireland – 0.3% | ||||||||
C&C Group PLC | 10,659 | 39,134 | ||||||
Grafton Group PLC | 3,939 | 36,072 | ||||||
|
| |||||||
Total Ireland | 75,206 | |||||||
Israel – 0.4% | ||||||||
Amot Investments Ltd. | 8,719 | 45,722 | ||||||
First International Bank of Israel Ltd. | 1,574 | 28,533 | ||||||
Strauss Group Ltd. | 1,831 | 35,852 | ||||||
|
| |||||||
Total Israel | 110,107 | |||||||
Italy – 2.6% | ||||||||
Anima Holding SpA(b) | 8,972 | 64,212 | ||||||
ASTM SpA | 2,223 | 38,361 | ||||||
Banca IFIS SpA | 731 | 29,656 | ||||||
Banca Popolare di Sondrio SCPA | 7,441 | 29,297 | ||||||
BPER Banca | 5,233 | 26,059 | ||||||
Cerved Information Solutions SpA | 2,265 | 24,206 | ||||||
Credito Emiliano SpA | 4,577 | 36,908 | ||||||
ERG SpA | 4,267 | 59,909 | ||||||
Interpump Group SpA | 655 | 17,885 | ||||||
MARR SpA | 2,303 | 54,661 | ||||||
OVS SpA(b) | 4,510 | 32,046 | ||||||
Salini Impregilo SpA | 5,950 | 20,562 | ||||||
Saras SpA | 58,070 | 134,980 | ||||||
Societa Cattolica di Assicurazioni SCRL | 655 | 5,088 | ||||||
Tod’s SpA(a) | 942 | 58,662 | ||||||
Unipol Gruppo Finanziario SpA | 20,731 | 90,796 | ||||||
|
| |||||||
Total Italy | 723,288 | |||||||
Japan – 13.3% | ||||||||
77 Bank Ltd. (The) | 3,000 | 14,765 | ||||||
Adastria Co., Ltd. | 1,300 | 36,214 | ||||||
ADEKA Corp. | 2,700 | 41,091 | ||||||
Ai Holdings Corp.(a) | 500 | 13,461 | ||||||
Aica Kogyo Co., Ltd. | 2,400 | 73,051 | ||||||
Alpine Electronics, Inc. | 1,100 | 16,457 | ||||||
Amano Corp. | 1,800 | 37,471 | ||||||
AOKI Holdings, Inc. | 2,100 | 26,633 | ||||||
Arcs Co., Ltd. | 1,800 | 38,944 | ||||||
Ariake Japan Co., Ltd. | 300 | 20,906 | ||||||
Autobacs Seven Co., Ltd. | 2,400 | 38,960 | ||||||
Bic Camera, Inc. | 1,800 | 19,096 | ||||||
Capcom Co., Ltd. | 700 | 16,590 | ||||||
Ci:z Holdings Co., Ltd. | 200 | 7,547 | ||||||
Citizen Watch Co., Ltd. | 6,800 | 47,690 | ||||||
Cocokara fine, Inc. | 300 | 14,818 | ||||||
COOKPAD, Inc.(a) | 800 | 6,486 | ||||||
Cosmo Energy Holdings Co., Ltd. | 1,200 | 18,914 | ||||||
Daikyonishikawa Corp. | 1,000 | 13,341 | ||||||
Daishi Bank Ltd. (The) | 3,000 | 13,804 | ||||||
DCM Holdings Co., Ltd. | 3,600 | 31,559 | ||||||
DMG Mori Co., Ltd. | 2,300 | 37,726 | ||||||
Doutor Nichires Holdings Co., Ltd. | 900 | 19,112 | ||||||
EDION Corp.(a) | 2,600 | 23,603 | ||||||
Exedy Corp. | 1,800 | 50,703 | ||||||
Fancl Corp. | 1,400 | 25,730 | ||||||
Fuji Oil Holdings, Inc. | 1,000 | 23,122 | ||||||
Fujikura Ltd. | 2,500 | 20,937 | ||||||
Fujitec Co., Ltd. | 1,200 | 15,668 | ||||||
GMO Internet, Inc. | 1,700 | 22,075 | ||||||
Gree, Inc.*(a) | 2,000 | 17,462 | ||||||
GS Yuasa Corp. | 6,000 | 26,113 | ||||||
H2O Retailing Corp. | 1,900 | 34,547 | ||||||
Hanwa Co., Ltd. | 3,000 | 21,467 | ||||||
Hazama Ando Corp. | 2,400 | 15,123 | ||||||
Heiwado Co., Ltd. | 600 | 12,832 | ||||||
HIS Co., Ltd.(a) | 600 | 18,076 | ||||||
Hogy Medical Co., Ltd. | 200 | 13,332 | ||||||
Hokuetsu Kishu Paper Co., Ltd. | 4,500 | 35,284 | ||||||
Hokuhoku Financial Group, Inc. | 1,700 | 27,098 |
See Notes to Financial Statements.
88 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2017
Investments | Shares | Value | ||||||
Hyakugo Bank Ltd. (The) | 5,000 | $ | 20,336 | |||||
Ibiden Co., Ltd. | 1,600 | 27,540 | ||||||
Japan Aviation Electronics Industry Ltd. | 1,000 | 13,839 | ||||||
Juroku Bank Ltd. (The) | 7,000 | 22,054 | ||||||
kabu.com Securities Co., Ltd. | 13,500 | 45,417 | ||||||
Kadokawa Dwango* | 700 | 9,046 | ||||||
Kanamoto Co., Ltd. | 500 | 16,598 | ||||||
Keihin Corp. | 1,500 | 20,465 | ||||||
Keiyo Bank Ltd. (The) | 3,000 | 12,976 | ||||||
Kobe Bussan Co., Ltd. | 200 | 9,470 | ||||||
Kumagai Gumi Co., Ltd. | 5,000 | 16,064 | ||||||
KYORIN Holdings, Inc. | 1,000 | 22,179 | ||||||
Kyowa Exeo Corp. | 2,000 | 33,624 | ||||||
Lintec Corp. | 1,800 | 43,030 | ||||||
Maeda Road Construction Co., Ltd. | 2,000 | 39,907 | ||||||
Meitec Corp. | 900 | 38,328 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 900 | 25,832 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd. | 16,000 | 22,784 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 9,000 | 35,164 | ||||||
Mochida Pharmaceutical Co., Ltd. | 900 | 64,881 | ||||||
Modec, Inc. | 400 | 8,900 | ||||||
Nachi-Fujikoshi Corp. | 4,000 | 22,677 | ||||||
Nagase & Co., Ltd. | 4,200 | 63,882 | ||||||
Nanto Bank Ltd. (The) | 300 | 8,544 | ||||||
Nichias Corp. | 2,000 | 23,122 | ||||||
Nihon Unisys Ltd. | 2,100 | 33,212 | ||||||
Nikkon Holdings Co., Ltd. | 1,800 | 41,588 | ||||||
Nippon Flour Mills Co., Ltd. | 4,500 | 72,130 | ||||||
Nippon Gas Co., Ltd. | 200 | 6,479 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 14,400 | 34,219 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 1,100 | 52,768 | ||||||
Nippon Suisan Kaisha Ltd. | 2,400 | 14,033 | ||||||
Nishimatsu Construction Co., Ltd. | 6,000 | 31,826 | ||||||
Nissan Shatai Co., Ltd. | 2,700 | 26,841 | ||||||
Nissha Printing Co., Ltd.(a) | 300 | 8,317 | ||||||
Nisshin Steel Co., Ltd. | 3,000 | 32,974 | ||||||
Nisshinbo Holdings, Inc. | 3,500 | 35,511 | ||||||
Nissin Kogyo Co., Ltd. | 1,100 | 17,465 | ||||||
Noevir Holdings Co., Ltd. | 1,000 | 50,908 | ||||||
NOF Corp. | 6,000 | 76,362 | ||||||
Nomura Co., Ltd. | 700 | 15,949 | ||||||
North Pacific Bank Ltd. | 6,800 | 23,784 | ||||||
NS Solutions Corp. | 1,800 | 42,773 | ||||||
NTN Corp. | 9,000 | 41,492 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 3,000 | 8,651 | ||||||
Ohsho Food Service Corp. | 600 | 22,882 | ||||||
Okamura Corp. | 1,900 | 18,026 | ||||||
Okasan Securities Group, Inc. | 6,500 | 41,710 | ||||||
Oki Electric Industry Co., Ltd. | 2,000 | 28,337 | ||||||
OKUMA Corp. | 3,000 | 28,489 | ||||||
Okumura Corp. | 5,000 | 33,642 | ||||||
Onward Holdings Co., Ltd. | 4,000 | 29,583 | ||||||
Open House Co., Ltd. | 600 | 18,476 | ||||||
Paltac Corp. | 1,800 | 60,635 | ||||||
Paramount Bed Holdings Co., Ltd. | 500 | 21,849 | ||||||
Rengo Co., Ltd. | 3,000 | 17,408 | ||||||
Ryosan Co., Ltd. | 900 | 32,841 | ||||||
Saibu Gas Co., Ltd. | 18,000 | 42,453 | ||||||
San-In Godo Bank Ltd. (The) | 1,500 | 12,616 | ||||||
Sangetsu Corp. | 1,000 | 17,346 | ||||||
Sankyu, Inc. | 5,000 | 32,574 | ||||||
Sanrio Co., Ltd.(a) | 2,700 | 52,986 | ||||||
Senko Group Holdings Co., Ltd. | 2,600 | 16,892 | ||||||
Senshu Ikeda Holdings, Inc. | 3,400 | 14,343 | ||||||
Shimachu Co., Ltd. | 900 | 21,435 | ||||||
Ship Healthcare Holdings, Inc. | 600 | 18,663 | ||||||
Showa Denko K.K. | 3,000 | 69,580 | ||||||
SKY Perfect JSAT Holdings, Inc. | 6,000 | 25,792 | ||||||
Starts Corp., Inc. | 900 | 21,395 | ||||||
Sumitomo Warehouse Co., Ltd. (The) | 9,000 | 57,031 | ||||||
T-Gaia Corp. | 2,700 | 51,232 | ||||||
Tadano Ltd. | 1,900 | 22,812 | ||||||
Taiyo Holdings Co., Ltd. | 500 | 22,472 | ||||||
Taiyo Yuden Co., Ltd. | 1,400 | 21,954 | ||||||
TechnoPro Holdings, Inc. | 700 | 28,159 | ||||||
Toagosei Co., Ltd. | 1,400 | 18,192 | ||||||
Toda Corp. | 3,000 | 18,690 | ||||||
Tokai Rika Co., Ltd. | 1,900 | 34,953 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 3,600 | 19,961 | ||||||
Topcon Corp. | 900 | 15,491 | ||||||
Topre Corp. | 800 | 21,645 | ||||||
Toridoll Holdings Corp. | 300 | 7,735 | ||||||
Toshiba Plant Systems & Services Corp. | 1,000 | 15,771 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 6,000 | 31,506 | ||||||
Toyo Tire & Rubber Co., Ltd.(a) | 2,300 | 46,856 | ||||||
Toyobo Co., Ltd. | 23,000 | 42,168 | ||||||
Transcosmos, Inc. | 800 | 19,153 | ||||||
TS Tech Co., Ltd. | 1,000 | 29,103 | ||||||
Tsubakimoto Chain Co. | 2,000 | 17,230 | ||||||
UACJ Corp. | 5,000 | 13,706 | ||||||
Ulvac, Inc. | 200 | 9,612 | ||||||
Wacoal Holdings Corp. | 3,000 | 40,557 | ||||||
Yoshinoya Holdings Co., Ltd. | 1,800 | 30,021 | ||||||
|
| |||||||
Total Japan | 3,677,712 | |||||||
Malaysia – 0.6% | ||||||||
AirAsia Bhd | 18,700 | 14,158 | ||||||
Alliance Financial Group Bhd | 20,900 | 18,745 | ||||||
Bumi Armada Bhd | 45,500 | 8,056 | ||||||
Carlsberg Brewery Malaysia Bhd | 7,200 | 25,159 | ||||||
Dutch Lady Milk Industries Bhd | 800 | 10,880 | ||||||
KPJ Healthcare Bhd | 28,800 | 28,312 | ||||||
Press Metal Bhd† | 30,000 | 18,730 | ||||||
QL Resources Bhd | 23,000 | 26,468 | ||||||
Top Glove Corp. Bhd | 12,000 | 16,074 | ||||||
|
| |||||||
Total Malaysia | 166,582 | |||||||
Mexico – 0.1% | ||||||||
Banregio Grupo Financiero S.A.B. de C.V. | 4,554 | 28,927 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 89 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2017
Investments | Shares | Value | ||||||
Grupo Financiero Interacciones S.A. de C.V. | 2,100 | $ | 11,093 | |||||
|
| |||||||
Total Mexico | 40,020 | |||||||
Netherlands – 0.9% | ||||||||
Arcadis N.V. | 2,095 | 37,813 | ||||||
BE Semiconductor Industries N.V. | 718 | 38,284 | ||||||
Corbion N.V. | 1,082 | 34,554 | ||||||
Flow Traders(b) | 1,103 | 30,381 | ||||||
Refresco Group N.V.(b) | 1,720 | 35,057 | ||||||
TKH Group N.V. CVA | 1,290 | 71,565 | ||||||
|
| |||||||
Total Netherlands | 247,654 | |||||||
New Zealand – 1.9% | ||||||||
Air New Zealand Ltd. | 64,082 | 152,962 | ||||||
Chorus Ltd. | 16,181 | 54,855 | ||||||
Genesis Energy Ltd. | 71,446 | 127,120 | ||||||
Infratil Ltd. | 29,717 | 64,732 | ||||||
Kiwi Property Group Ltd. | 41,949 | 43,308 | ||||||
Mainfreight Ltd. | 942 | 16,209 | ||||||
Trade Me Group Ltd. | 17,485 | 68,238 | ||||||
|
| |||||||
Total New Zealand | 527,424 | |||||||
Norway – 1.1% | ||||||||
AF Gruppen ASA | 1,778 | 31,839 | ||||||
Atea ASA* | 4,437 | 59,325 | ||||||
Austevoll Seafood ASA | 10,870 | 92,133 | ||||||
Kongsberg Gruppen ASA | 2,816 | 44,711 | ||||||
Ocean Yield ASA | 5,534 | 43,107 | ||||||
SpareBank 1 SR-Bank ASA | 5,452 | 46,536 | ||||||
|
| |||||||
Total Norway | 317,651 | |||||||
Philippines – 0.2% | ||||||||
Cebu Air, Inc. | 5,950 | 11,544 | ||||||
Filinvest Land, Inc. | 196,000 | 6,487 | ||||||
Manila Water Co., Inc. | 9,000 | 5,538 | ||||||
Nickel Asia Corp. | 144,300 | 18,302 | ||||||
Vista Land & Lifescapes, Inc. | 66,700 | 7,680 | ||||||
|
| |||||||
Total Philippines | 49,551 | |||||||
Poland – 0.2% | ||||||||
Asseco Poland S.A. | 2,474 | 32,537 | ||||||
Eurocash S.A. | 1,675 | 14,002 | ||||||
|
| |||||||
Total Poland | 46,539 | |||||||
Portugal – 0.8% | ||||||||
Corticeira Amorim, SGPS, S.A. | 1,790 | 26,255 | ||||||
CTT – Correios de Portugal S.A. | 3,000 | 18,966 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 6,000 | 18,758 | ||||||
Semapa-Sociedade de Investimento e Gestao | 3,026 | 58,586 | ||||||
Sonae, SGPS, S.A. | 97,003 | 107,760 | ||||||
|
| |||||||
Total Portugal | 230,325 | |||||||
Russia – 0.1% | ||||||||
LSR Group PJSC GDR Reg S | 11,418 | 32,541 | ||||||
Singapore – 1.0% | ||||||||
GuocoLand Ltd. | 20,700 | 28,415 | ||||||
Keppel Infrastructure Trust | 162,600 | 66,724 | ||||||
M1 Ltd. | 39,400 | 62,383 | ||||||
United Engineers Ltd. | 11,900 | 23,682 | ||||||
Venture Corp., Ltd. | 9,900 | 86,643 | ||||||
|
| |||||||
Total Singapore | 267,847 | |||||||
South Africa – 0.7% | ||||||||
African Rainbow Minerals Ltd. | 2,945 | 18,950 | ||||||
Assore Ltd. | 1,895 | 28,182 | ||||||
Barloworld Ltd. | 3,798 | 31,538 | ||||||
Coronation Fund Managers Ltd.(a) | 8,827 | 43,918 | ||||||
Harmony Gold Mining Co., Ltd. | 6,849 | 11,333 | ||||||
JSE Ltd. | 891 | 8,331 | ||||||
Massmart Holdings Ltd. | 858 | 6,908 | ||||||
Santam Ltd. | 1,737 | 31,725 | ||||||
|
| |||||||
Total South Africa | 180,885 | |||||||
South Korea – 0.9% | ||||||||
Bukwang Pharmaceutical Co., Ltd. | 463 | 8,640 | ||||||
Caregen Co., Ltd. | 131 | 7,316 | ||||||
Cheil Worldwide, Inc. | 875 | 14,071 | ||||||
Grand Korea Leisure Co., Ltd. | 882 | 17,268 | ||||||
Hansae Co., Ltd. | 248 | 5,809 | ||||||
Korean Reinsurance Co. | 1,755 | 18,560 | ||||||
LIG Nex1 Co., Ltd. | 267 | 17,269 | ||||||
LOTTE Himart Co., Ltd. | 452 | 27,575 | ||||||
LS Corp. | 189 | 12,042 | ||||||
LS Industrial Systems Co., Ltd. | 711 | 34,675 | ||||||
Meritz Securities Co., Ltd. | 7,631 | 33,748 | ||||||
NongShim Co., Ltd. | 48 | 14,159 | ||||||
Paradise Co., Ltd. | 941 | 11,802 | ||||||
SKC Co., Ltd. | 471 | 13,811 | ||||||
|
| |||||||
Total South Korea | 236,745 | |||||||
Spain – 0.1% | ||||||||
Applus Services S.A. | 1,007 | 12,657 | ||||||
Faes Farma S.A. | 3,700 | 12,280 | ||||||
Obrascon Huarte Lain S.A.(a) | 1,857 | 6,649 | ||||||
|
| |||||||
Total Spain | 31,586 | |||||||
Sweden – 1.6% | ||||||||
AddTech AB Class B | 1,664 | 31,664 | ||||||
Betsson AB* | 3,766 | 32,594 | ||||||
Bilia AB Class A | 3,600 | 35,532 | ||||||
Clas Ohlson AB Class B | 2,301 | 44,195 | ||||||
Cloetta AB Class B | 1,900 | 7,817 | ||||||
Com Hem Holding AB | 2,906 | 40,311 | ||||||
Hemfosa Fastigheter AB | 3,770 | 40,674 | ||||||
Kungsleden AB | 4,343 | 26,569 | ||||||
Modern Times Group MTG AB Class B | 2,336 | 80,317 | ||||||
Mycronic AB(a) | 1,906 | 17,344 | ||||||
Nobia AB | 4,390 | 44,241 | ||||||
Ratos AB Class B | 3,423 | 16,314 | ||||||
Wihlborgs Fastigheter AB | 1,754 | 37,016 | ||||||
|
| |||||||
Total Sweden | 454,588 | |||||||
Switzerland – 0.5% | ||||||||
EFG International AG* | 4,420 | 28,662 |
See Notes to Financial Statements.
90 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2017
Investments | Shares | Value | ||||||
GAM Holding AG* | 4,615 | $ | 61,925 | |||||
Implenia AG Registered Shares | 241 | 18,069 | ||||||
Valiant Holding AG Registered Shares | 307 | 35,360 | ||||||
|
| |||||||
Total Switzerland | 144,016 | |||||||
Taiwan – 1.9% | ||||||||
Chicony Electronics Co., Ltd. | 18,140 | 45,976 | ||||||
China Airlines Ltd. | 137,000 | 41,568 | ||||||
Eva Airways Corp. | 58,000 | 28,695 | ||||||
Farglory Land Development Co., Ltd. | 11,000 | 14,103 | ||||||
Grape King Bio Ltd. | 1,000 | 6,657 | ||||||
Highwealth Construction Corp. | 23,000 | 38,106 | ||||||
King’s Town Bank Co., Ltd. | 36,000 | 37,160 | ||||||
Makalot Industrial Co., Ltd. | 5,000 | 24,162 | ||||||
Merida Industry Co., Ltd. | 2,000 | 10,717 | ||||||
Realtek Semiconductor Corp. | 18,000 | 64,793 | ||||||
Synnex Technology International Corp. | 56,700 | 63,559 | ||||||
Taichung Commercial Bank Co., Ltd. | 24,000 | 8,087 | ||||||
Taiwan Fertilizer Co., Ltd. | 7,000 | 9,308 | ||||||
Taiwan Secom Co., Ltd. | 18,000 | 54,260 | ||||||
Teco Electric and Machinery Co., Ltd. | 36,000 | 34,615 | ||||||
Transcend Information, Inc. | 11,000 | 36,884 | ||||||
Wan Hai Lines Ltd. | 31,000 | 17,477 | ||||||
|
| |||||||
Total Taiwan | 536,127 | |||||||
Thailand – 1.0% | ||||||||
Bangchak Corp. PCL NVDR | 48,600 | 47,928 | ||||||
Banpu PCL NVDR | 117,057 | 57,202 | ||||||
BEC World PCL NVDR | 38,700 | 23,924 | ||||||
Jasmine International PCL NVDR | 142,900 | 34,284 | ||||||
Kiatnakin Bank PCL NVDR | 11,700 | 24,626 | ||||||
MK Restaurants Group PCL NVDR | 19,100 | 35,141 | ||||||
Star Petroleum Refining PCL | 67,600 | 29,054 | ||||||
TTW PCL NVDR | 80,100 | 24,994 | ||||||
|
| |||||||
Total Thailand | 277,153 | |||||||
Turkey – 0.4% | ||||||||
Soda Sanayii AS | 12,249 | 22,811 | ||||||
TAV Havalimanlari Holding AS | 6,963 | 37,300 | ||||||
Turk Traktor ve Ziraat Makineleri AS | 1,727 | 38,707 | ||||||
|
| |||||||
Total Turkey | 98,818 | |||||||
United Kingdom – 5.9% | ||||||||
Assura PLC | 26,397 | 21,876 | ||||||
BCA Marketplace PLC | 18,393 | 46,469 | ||||||
BGEO Group PLC | 404 | 18,336 | ||||||
Bodycote PLC | 8,512 | 83,312 | ||||||
Bovis Homes Group PLC | 4,163 | 51,669 | ||||||
Card Factory PLC | 19,076 | 73,642 | ||||||
Carillion PLC(a) | 23,255 | 56,427 | ||||||
Computacenter PLC | 3,828 | 40,326 | ||||||
Cranswick PLC | 667 | 24,294 | ||||||
Crest Nicholson Holdings PLC | 8,449 | 57,453 | ||||||
Debenhams PLC | 42,411 | 23,826 | ||||||
Dignity PLC | 747 | 24,122 | ||||||
Diploma PLC | 2,762 | 39,644 | ||||||
Drax Group PLC | 11,212 | 47,434 | ||||||
Elementis PLC | 15,636 | 59,733 | ||||||
Essentra PLC | 6,405 | 46,965 | ||||||
Fidessa Group PLC | 1,310 | 39,427 | ||||||
Galliford Try PLC | 2,899 | 43,719 | ||||||
Genus PLC | 955 | 22,081 | ||||||
Halfords Group PLC | 2,988 | 13,274 | ||||||
J D Wetherspoon PLC | 2,249 | 28,498 | ||||||
James Halstead PLC(a) | 4,239 | 25,769 | ||||||
Just Group PLC | 12,900 | 21,331 | ||||||
Kier Group PLC | 2,775 | 44,192 | ||||||
Laird PLC | 9,000 | 16,191 | ||||||
Marston’s PLC | 18,366 | 29,105 | ||||||
Millennium & Copthorne Hotels PLC | 2,828 | 16,251 | ||||||
Mitchells & Butlers PLC | 8,379 | 25,098 | ||||||
Morgan Advanced Materials PLC | 8,539 | 31,467 | ||||||
Pagegroup PLC | 9,647 | 59,622 | ||||||
PayPoint PLC | 1,493 | 17,153 | ||||||
QinetiQ Group PLC | 11,496 | 40,348 | ||||||
Restaurant Group PLC (The) | 6,565 | 27,928 | ||||||
Safestore Holdings PLC | 4,894 | 26,789 | ||||||
Savills PLC | 2,489 | 28,403 | ||||||
Stagecoach Group PLC | 24,935 | 60,341 | ||||||
SuperGroup PLC | 1,776 | 34,489 | ||||||
Synthomer PLC | 7,181 | 45,529 | ||||||
Ted Baker PLC | 657 | 20,397 | ||||||
Telecom Plus PLC | 2,015 | 30,231 | ||||||
Ultra Electronics Holdings PLC | 1,239 | 32,961 | ||||||
Unite Group PLC (The) | 3,340 | 28,157 | ||||||
Vesuvius PLC | 9,211 | 63,472 | ||||||
Victrex PLC | 1,562 | 38,063 | ||||||
ZPG PLC(b) | 2,437 | 11,453 | ||||||
|
| |||||||
Total United Kingdom | 1,637,267 | |||||||
United States – 49.2% | ||||||||
1st Source Corp. | 178 | 8,533 | ||||||
AAON, Inc. | 662 | 24,395 | ||||||
AAR Corp. | 585 | 20,335 | ||||||
Aaron’s, Inc. | 696 | 27,074 | ||||||
Abaxis, Inc. | 343 | 18,186 | ||||||
Abercrombie & Fitch Co. Class A | 6,500 | 80,860 | ||||||
ADTRAN, Inc. | 2,233 | 46,111 | ||||||
Advanced Drainage Systems, Inc. | 1,190 | 23,919 | ||||||
Agree Realty Corp. | 1,263 | 57,934 | ||||||
Albany International Corp. Class A | 958 | 51,157 | ||||||
American Equity Investment Life Holding Co. | 1,337 | 35,136 | ||||||
American States Water Co. | 616 | 29,205 | ||||||
AMERISAFE, Inc. | 373 | 21,242 | ||||||
Andersons, Inc. (The) | 1,036 | 35,379 | ||||||
Apogee Enterprises, Inc. | 729 | 41,436 | ||||||
Applied Industrial Technologies, Inc. | 1,961 | 115,797 | ||||||
Archrock, Inc. | 5,734 | 65,368 | ||||||
Artisan Partners Asset Management, Inc. Class A | 3,722 | 114,265 | ||||||
Astec Industries, Inc. | 257 | 14,266 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 91 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2017
Investments | Shares | Value | ||||||
Astoria Financial Corp. | 2,204 | $ | 44,411 | |||||
ATN International, Inc. | 309 | 21,148 | ||||||
AZZ, Inc. | 675 | 37,665 | ||||||
Badger Meter, Inc. | 978 | 38,973 | ||||||
BancFirst Corp. | 428 | 41,345 | ||||||
Banner Corp. | 865 | 48,881 | ||||||
Boston Private Financial Holdings, Inc. | 3,440 | 52,804 | ||||||
Brady Corp. Class A | 3,131 | 106,141 | ||||||
Brink’s Co. (The) | 1,278 | 85,626 | ||||||
Brooks Automation, Inc. | 3,941 | 85,480 | ||||||
Buckle, Inc. (The)(a) | 5,503 | 97,953 | ||||||
Cabot Microelectronics Corp. | 358 | 26,431 | ||||||
Calavo Growers, Inc. | 550 | 37,978 | ||||||
Caleres, Inc. | 1,645 | 45,698 | ||||||
California Water Service Group | 2,780 | 102,304 | ||||||
Chesapeake Lodging Trust | 4,000 | 97,880 | ||||||
Chesapeake Utilities Corp. | 666 | 49,917 | ||||||
Chico’s FAS, Inc. | 7,936 | 74,757 | ||||||
Children’s Place, Inc. (The) | 458 | 46,762 | ||||||
ClubCorp Holdings, Inc. | 2,300 | 30,130 | ||||||
Coca-Cola Bottling Co. Consolidated | 124 | 28,380 | ||||||
Cogent Communications Holdings, Inc. | 3,942 | 158,074 | ||||||
Comfort Systems USA, Inc. | 916 | 33,984 | ||||||
Commercial Metals Co. | 8,247 | 160,239 | ||||||
CONMED Corp. | 1,227 | 62,503 | ||||||
Consolidated Communications Holdings, Inc. | 6,902 | 148,186 | ||||||
Core-Mark Holding Co., Inc. | 1,046 | 34,581 | ||||||
CoreCivic, Inc. | 18,046 | 497,709 | ||||||
Coty, Inc. Class A | 1,641 | 30,785 | ||||||
CSG Systems International, Inc. | 1,432 | 58,111 | ||||||
Cubic Corp. | 441 | 20,418 | ||||||
CVR Energy, Inc.(a) | 20,318 | 442,120 | ||||||
Dean Foods Co. | 3,982 | 67,694 | ||||||
Delek U.S. Holdings, Inc. | 4,307 | 113,877 | ||||||
DiamondRock Hospitality Co. | 14,649 | 160,407 | ||||||
Diebold Nixdorf, Inc. | 6,882 | 192,696 | ||||||
DineEquity, Inc. | 2,456 | 108,187 | ||||||
DSW, Inc. Class A | 6,605 | 116,908 | ||||||
Ebix, Inc.(a) | 828 | 44,629 | ||||||
EnPro Industries, Inc. | 636 | 45,391 | ||||||
Ensign Group, Inc. (The) | 1,109 | 24,143 | ||||||
ESCO Technologies, Inc. | 612 | 36,506 | ||||||
Exponent, Inc. | 787 | 45,882 | ||||||
FBL Financial Group, Inc. Class A | 783 | 48,155 | ||||||
Fidelity & Guaranty Life(a) | 1,586 | 49,245 | ||||||
Financial Engines, Inc. | 1,030 | 37,698 | ||||||
First Financial Bancorp | 2,402 | 66,535 | ||||||
First Merchants Corp. | 1,158 | 46,482 | ||||||
First Midwest Bancorp, Inc. | 2,213 | 51,585 | ||||||
Forward Air Corp. | 931 | 49,604 | ||||||
Four Corners Property Trust, Inc. | 3,362 | 84,420 | ||||||
Franklin Street Properties Corp. | 8,580 | 95,066 | ||||||
Gannett Co., Inc. | 13,000 | 113,360 | ||||||
GATX Corp. | 3,122 | 200,651 | ||||||
GEO Group, Inc. (The) | 15,481 | 457,773 | ||||||
Global Net Lease, Inc. | 6,951 | 154,590 | ||||||
Government Properties Income Trust(a) | 8,387 | 153,566 | ||||||
Greenbrier Cos., Inc. (The) | 1,334 | 61,698 | ||||||
Greif, Inc. Class A | 1,847 | 103,026 | ||||||
Group 1 Automotive, Inc. | 761 | 48,187 | ||||||
Guess?, Inc. | 11,089 | 141,717 | ||||||
Heartland Express, Inc. | 973 | 20,258 | ||||||
Herman Miller, Inc. | 2,837 | 86,245 | ||||||
HNI Corp. | 2,499 | 99,635 | ||||||
Horace Mann Educators Corp. | 1,450 | 54,810 | ||||||
Independent Bank Corp. | 801 | 53,387 | ||||||
Infinity Property & Casualty Corp. | 469 | 44,086 | ||||||
Innospec, Inc. | 567 | 37,167 | ||||||
Insperity, Inc. | 955 | 67,805 | ||||||
Inter Parfums, Inc. | 1,315 | 48,195 | ||||||
Kaiser Aluminum Corp. | 514 | 45,499 | ||||||
Kaman Corp. | 1,124 | 56,054 | ||||||
KapStone Paper and Packaging Corp. | 4,062 | 83,799 | ||||||
KB Home | 1,753 | 42,019 | ||||||
Knoll, Inc. | 3,067 | 61,493 | ||||||
Korn/Ferry International | 2,289 | 79,039 | ||||||
Kronos Worldwide, Inc. | 18,758 | 341,771 | ||||||
La-Z-Boy, Inc. | 2,005 | 65,162 | ||||||
LegacyTexas Financial Group, Inc. | 1,227 | 46,786 | ||||||
ManTech International Corp. Class A | 1,031 | 42,663 | ||||||
Matson, Inc. | 933 | 28,027 | ||||||
MDC Holdings, Inc. | 4,573 | 161,564 | ||||||
Methode Electronics, Inc. | 732 | 30,158 | ||||||
Mobile Mini, Inc. | 2,708 | 80,834 | ||||||
Monmouth Real Estate Investment Corp. Class A | 4,349 | 65,452 | ||||||
Monogram Residential Trust, Inc. | 6,882 | 66,824 | ||||||
Monotype Imaging Holdings, Inc. | 600 | 10,980 | ||||||
Mueller Industries, Inc. | 1,430 | 43,544 | ||||||
National HealthCare Corp. | 882 | 61,863 | ||||||
NBT Bancorp, Inc. | 1,646 | 60,820 | ||||||
Neenah Paper, Inc. | 612 | 49,113 | ||||||
Nelnet, Inc. Class A | 499 | 23,458 | ||||||
New Senior Investment Group, Inc. | 11,289 | 113,454 | ||||||
Nexstar Media Group, Inc. Class A | 1,227 | 73,375 | ||||||
NIC, Inc. | 3,262 | 61,815 | ||||||
Northwest Bancshares, Inc. | 5,077 | 79,252 | ||||||
Northwest Natural Gas Co. | 1,880 | 112,518 | ||||||
NRG Yield, Inc. Class C | 7,347 | 129,307 | ||||||
Otter Tail Corp. | 2,852 | 112,939 | ||||||
Oxford Industries, Inc. | 716 | 44,743 | ||||||
Park National Corp. | 795 | 82,457 | ||||||
Pennsylvania Real Estate Investment Trust | 4,598 | 52,049 | ||||||
PH Glatfelter Co. | 2,083 | 40,702 | ||||||
Plantronics, Inc. | 779 | 40,749 | ||||||
Potlatch Corp. | 2,438 | 111,417 | ||||||
Power Integrations, Inc. | 756 | 55,112 | ||||||
Provident Financial Services, Inc. | 3,003 | 76,216 | ||||||
Quad/Graphics, Inc. | 3,303 | 75,705 |
See Notes to Financial Statements.
92 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global SmallCap Dividend Fund (GSD)
June 30, 2017
Investments | Shares | Value | ||||||
Quaker Chemical Corp. | 387 | $ | 56,204 | |||||
Renasant Corp. | 1,384 | 60,536 | ||||||
Rexford Industrial Realty, Inc. | 2,103 | 57,706 | ||||||
RR Donnelley & Sons Co. | 15,967 | 200,226 | ||||||
S&T Bancorp, Inc. | 1,301 | 46,654 | ||||||
Sabra Health Care REIT, Inc. | 5,841 | 140,768 | ||||||
Safety Insurance Group, Inc. | 861 | 58,806 | ||||||
Saul Centers, Inc. | 882 | 51,138 | ||||||
Scholastic Corp. | 1,209 | 52,700 | ||||||
Schweitzer-Mauduit International, Inc. | 2,101 | 78,220 | ||||||
Seritage Growth Properties Class A(a) | 840 | 35,238 | ||||||
ServisFirst Bancshares, Inc. | 594 | 21,913 | ||||||
Shenandoah Telecommunications Co. | 1,117 | 34,292 | ||||||
Simmons First National Corp. Class A | 665 | 35,179 | ||||||
SkyWest, Inc. | 998 | 35,030 | ||||||
Sonic Corp. | 1,789 | 47,391 | ||||||
South State Corp. | 588 | 50,392 | ||||||
SpartanNash Co. | 1,651 | 42,860 | ||||||
STAG Industrial, Inc. | 5,334 | 147,218 | ||||||
Standard Motor Products, Inc. | 591 | 30,862 | ||||||
Standex International Corp. | 252 | 22,856 | ||||||
State Auto Financial Corp. | 947 | 24,366 | ||||||
Steelcase, Inc. Class A | 6,912 | 96,768 | ||||||
Stepan Co. | 693 | 60,388 | ||||||
Stewart Information Services Corp. | 804 | 36,486 | ||||||
Sturm Ruger & Co., Inc.(a) | 1,140 | 70,851 | ||||||
Summit Hotel Properties, Inc. | 4,701 | 87,674 | ||||||
TeleTech Holdings, Inc. | 1,574 | 64,219 | ||||||
Tennant Co. | 567 | 41,845 | ||||||
TerraForm Power, Inc. Class A* | 4,267 | 51,204 | ||||||
Terreno Realty Corp. | 2,000 | 67,320 | ||||||
Time, Inc. | 12,999 | 186,536 | ||||||
Tompkins Financial Corp. | 356 | 28,024 | ||||||
Tootsie Roll Industries, Inc.(a) | 1,109 | 38,649 | ||||||
Towne Bank | 1,477 | 45,492 | ||||||
Triumph Group, Inc. | 811 | 25,628 | ||||||
Trustmark Corp. | 3,010 | 96,802 | ||||||
U.S. Ecology, Inc. | 828 | 41,814 | ||||||
Union Bankshares Corp. | 1,726 | 58,511 | ||||||
United Community Banks, Inc. | 1,136 | 31,581 | ||||||
United Fire Group, Inc. | 900 | 39,654 | ||||||
Universal Corp. | 1,878 | 121,507 | ||||||
Waddell & Reed Financial, Inc. Class A | 11,253 | 212,457 | ||||||
Watts Water Technologies, Inc. Class A | 738 | 46,642 | ||||||
WD-40 Co. | 531 | 58,596 | ||||||
Weis Markets, Inc. | 1,377 | 67,087 | ||||||
Werner Enterprises, Inc. | 1,706 | 50,071 | ||||||
WesBanco, Inc. | 1,658 | 65,557 | ||||||
West Corp. | 7,192 | 167,717 | ||||||
Westamerica Bancorporation | 1,119 | 62,709 | ||||||
Windstream Holdings, Inc.(a) | 9,411 | 36,515 | ||||||
Xenia Hotels & Resorts, Inc. | 10,045 | 194,572 | ||||||
Xperi Corp. | 2,186 | 65,143 | ||||||
|
| |||||||
Total United States | 13,566,544 | |||||||
TOTAL COMMON STOCKS (Cost: $22,477,176) | 27,457,727 | |||||||
RIGHTS – 0.0% | ||||||||
New Zealand – 0.0% | ||||||||
Kiwi Property Group Ltd., expiring 7/10/17* | ||||||||
(Cost $0) | 3,814 | 140 | ||||||
EXCHANGE-TRADED NOTE – 0.1% | ||||||||
United States – 0.1% | ||||||||
iPath MSCI India Index ETN* | ||||||||
(Cost: $24,585) | 405 | 31,039 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.1% | ||||||||
United States – 5.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c) | ||||||||
(Cost: $1,394,805)(d) | 1,394,805 | 1,394,805 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 104.8% (Cost: $23,896,566) | 28,883,711 | |||||||
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (4.8)% | (1,322,722 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 27,560,989 |
* | Non-income producing security. |
† | 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 $18,730, which represents 0.07% of net assets. |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (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, 2017. |
(d) | At June 30, 2017, the total market value of the Fund’s securities on loan was $1,627,047 and the total market value of the collateral held by the Fund was $1,694,215. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $299,410. |
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) | |||||||||||||||||
7/5/2017 | JPY | 800,000 | USD | 7,112 | $ | (8 | ) |
CURRENCY LEGEND |
JPY – Japanese yen
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 93 |
Table of Contents
Schedule of Investments
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.7% | ||||||||
Brazil – 2.9% | ||||||||
Embraer S.A. | 10,461 | $ | 47,770 | |||||
Iochpe Maxion S.A. | 7,728 | 38,812 | ||||||
JBS S.A. | 15,816 | 31,172 | ||||||
Tupy S.A. | 6,800 | 32,633 | ||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A. | 2,752 | 12,301 | ||||||
|
| |||||||
Total Brazil | 162,688 | |||||||
Chile – 0.3% | ||||||||
Vina Concha y Toro S.A. | 9,293 | 14,346 | ||||||
China – 3.1% | ||||||||
COSCO SHIPPING Holdings Co., Ltd. Class H* | 91,000 | 43,014 | ||||||
Minth Group Ltd. | 14,000 | 59,361 | ||||||
Semiconductor Manufacturing International Corp.* | 21,900 | 25,389 | ||||||
WH Group Ltd.(a) | 44,500 | 44,919 | ||||||
|
| |||||||
Total China | 172,683 | |||||||
Hong Kong – 0.8% | ||||||||
China High Speed Transmission Equipment Group Co., Ltd.(b) | 43,000 | 47,096 | ||||||
India – 21.2% | ||||||||
Aurobindo Pharma Ltd. | 6,218 | 65,857 | ||||||
Bharat Forge Ltd. | 3,639 | 61,515 | ||||||
Cadila Healthcare Ltd. | 8,129 | 66,044 | ||||||
Cipla Ltd. | 4,907 | 42,179 | ||||||
Cyient Ltd. | 2,342 | 18,395 | ||||||
Dishman Carbogen Amcis Ltd.*† | 9,356 | 43,597 | ||||||
Divi’s Laboratories Ltd.* | 2,608 | 26,115 | ||||||
Dr Reddy’s Laboratories Ltd. ADR | 649 | 27,349 | ||||||
Dr. Reddy’s Laboratories Ltd. | 821 | 34,169 | ||||||
eClerx Services Ltd. | 539 | 11,023 | ||||||
Firstsource Solutions Ltd.* | 24,512 | 12,931 | ||||||
Glenmark Pharmaceuticals Ltd. | 4,147 | 40,599 | ||||||
Granules India Ltd. | 9,954 | 20,543 | ||||||
HCL Technologies Ltd. | 2,549 | 33,556 | ||||||
Hexaware Technologies Ltd. | 4,295 | 16,097 | ||||||
Himatsingka Seide Ltd. | 3,019 | 15,894 | ||||||
Infosys Ltd. | 2,807 | 40,628 | ||||||
Infosys Ltd. ADR | 2,244 | 33,705 | ||||||
Jubilant Life Sciences Ltd. | 2,240 | 23,726 | ||||||
KPIT Technologies Ltd. | 8,810 | 16,731 | ||||||
Larsen & Toubro Infotech Ltd.(a) | 700 | 8,542 | ||||||
Lupin Ltd. | 3,051 | 50,027 | ||||||
Mindtree Ltd. | 3,262 | 26,697 | ||||||
Mphasis Ltd. | 1,469 | 13,625 | ||||||
Natco Pharma Ltd. | 3,680 | 57,030 | ||||||
NIIT Technologies Ltd. | 3,629 | 32,420 | ||||||
Oracle Financial Services Software Ltd. | 107 | 5,975 | ||||||
Persistent Systems Ltd. | 1,185 | 12,506 | ||||||
Strides Shasun Ltd. | 2,091 | 32,367 | ||||||
Sun Pharmaceutical Industries Ltd. | 8,341 | 71,709 | ||||||
Suven Life Sciences Ltd. | 5,251 | 13,953 | ||||||
Tata Coffee Ltd. | 7,587 | 15,130 | ||||||
Tata Consultancy Services Ltd. | 889 | 32,491 | ||||||
Tata Elxsi Ltd. | 418 | 10,248 | ||||||
Tata Global Beverages Ltd. | 12,989 | 30,273 | ||||||
Tata Motors Ltd. | 6,370 | 42,628 | ||||||
Tech Mahindra Ltd. | 2,661 | 15,726 | ||||||
Wipro Ltd. | 5,350 | 21,383 | ||||||
Wipro Ltd. ADR | 1,010 | 5,252 | ||||||
Wockhardt Ltd. | 3,944 | 36,860 | ||||||
|
| |||||||
Total India | 1,185,495 | |||||||
Malaysia – 2.0% | ||||||||
Genting Malaysia Bhd | 30,700 | 39,335 | ||||||
MISC Bhd | 27,300 | 47,443 | ||||||
Supermax Corp. Bhd | 9,100 | 4,219 | ||||||
VS Industry Bhd | 42,900 | 20,687 | ||||||
|
| |||||||
Total Malaysia | 111,684 | |||||||
Mexico – 4.9% | ||||||||
Alfa S.A.B. de C.V. Class A | 33,500 | 47,789 | ||||||
Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A*(b) | 39,707 | 58,245 | ||||||
Genomma Lab Internacional S.A.B. de C.V. Class B* | 21,459 | 27,696 | ||||||
Gruma S.A.B. de C.V. Class B | 3,268 | 42,734 | ||||||
Grupo Bimbo S.A.B. de C.V. Series A | 11,820 | 29,779 | ||||||
Grupo Comercial Chedraui S.A. de C.V. | 17,118 | 35,125 | ||||||
Industrias Bachoco S.A.B. de C.V. Series B | 4,545 | 21,781 | ||||||
Nemak S.A.B. de C.V.(a) | 9,876 | 9,500 | ||||||
|
| |||||||
Total Mexico | 272,649 | |||||||
Philippines – 0.6% | ||||||||
International Container Terminal Services, Inc. | 17,990 | 34,868 | ||||||
Poland – 0.6% | ||||||||
CD Projekt S.A. | 1,439 | 33,388 | ||||||
Singapore – 1.2% | ||||||||
IGG, Inc.(b) | 43,000 | 66,319 | ||||||
South Africa – 0.4% | ||||||||
DataTec Ltd. | 5,502 | 25,300 | ||||||
South Korea – 27.2% | ||||||||
AeroSpace Technology of Korea, Inc.* | 590 | 8,869 | ||||||
Chabiotech Co., Ltd.* | 1,270 | 13,819 | ||||||
Dongkuk Structures & Construction Co., Ltd. | 7,737 | 46,795 | ||||||
Doosan Corp. | 381 | 39,627 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 1,961 | 35,907 | ||||||
Doosan Infracore Co., Ltd.* | 4,173 | 30,819 | ||||||
Gamevil, Inc.* | 195 | 10,618 | ||||||
Genexine Co., Ltd.* | 436 | 18,367 | ||||||
Halla Holdings Corp. | 721 | 40,456 | ||||||
Hankook Tire Co., Ltd. | 719 | 39,967 | ||||||
Hansae Co., Ltd. | 2,446 | 57,294 | ||||||
Homecast Co., Ltd.* | 2,665 | 21,592 | ||||||
Humax Co., Ltd. | 1,244 | 12,612 | ||||||
Hyundai Corp. | 435 | 7,680 | ||||||
Hyundai Glovis Co., Ltd. | 369 | 50,634 | ||||||
Hyundai Merchant Marine Co., Ltd.* | 6,903 | 52,791 |
See Notes to Financial Statements.
94 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
June 30, 2017
Investments | Shares | Value | ||||||
Hyundai Motor Co. | 694 | $ | 96,747 | |||||
i-SENS, Inc. | 445 | 10,696 | ||||||
Innocean Worldwide, Inc. | 788 | 43,940 | ||||||
Kia Motors Corp. | 1,407 | 46,976 | ||||||
Koh Young Technology, Inc. | 401 | 21,029 | ||||||
Kumho Tire Co., Inc.* | 2,860 | 18,773 | ||||||
LG Electronics, Inc. | 904 | 63,366 | ||||||
LS Corp. | 1,003 | 63,907 | ||||||
Mando Corp. | 166 | 37,360 | ||||||
NCSoft Corp. | 93 | 30,847 | ||||||
Nexen Tire Corp. | 1,827 | 21,318 | ||||||
S&T Motiv Co., Ltd. | 935 | 41,269 | ||||||
Samsung Electronics Co., Ltd. | 175 | 363,567 | ||||||
SK Hynix, Inc. | 1,490 | 87,773 | ||||||
SL Corp. | 2,317 | 43,742 | ||||||
Sung Kwang Bend Co., Ltd. | 3,807 | 35,603 | ||||||
|
| |||||||
Total South Korea | 1,514,760 | |||||||
Taiwan – 32.5% | ||||||||
Accton Technology Corp. | 14,000 | 35,713 | ||||||
Acer, Inc.* | 50,000 | 26,216 | ||||||
Adlink Technology, Inc. | 5,223 | 10,577 | ||||||
Advanced Semiconductor Engineering, Inc. | 22,655 | 29,082 | ||||||
Advantech Co., Ltd. | 2,199 | 15,578 | ||||||
Aerospace Industrial Development Corp. | 20,000 | 23,537 | ||||||
Alpha Networks, Inc. | 31,000 | 28,330 | ||||||
Asia Optical Co., Inc.* | 19,000 | 33,915 | ||||||
Asustek Computer, Inc. | 3,000 | 28,353 | ||||||
Bizlink Holding, Inc. | 5,638 | 39,848 | ||||||
Career Technology MFG. Co., Ltd. | 15,000 | 10,281 | ||||||
Casetek Holdings Ltd. | 2,000 | 6,706 | ||||||
Catcher Technology Co., Ltd. | 3,000 | 35,848 | ||||||
Cheng Uei Precision Industry Co., Ltd. | 1,000 | 1,374 | ||||||
China Airlines Ltd. | 101,000 | 30,645 | ||||||
CMC Magnetics Corp.* | 78,000 | 10,231 | ||||||
Compal Electronics, Inc. | 20,000 | 13,478 | ||||||
Cub Elecparts, Inc. | 5,498 | 71,752 | ||||||
CyberTAN Technology, Inc. | 16,000 | 10,572 | ||||||
Delta Electronics, Inc. | 5,000 | 27,367 | ||||||
Eclat Textile Co., Ltd. | 2,022 | 24,660 | ||||||
Eva Airways Corp. | 73,250 | 36,240 | ||||||
Evergreen Marine Corp. Taiwan Ltd.* | 74,000 | 37,584 | ||||||
Feng TAY Enterprise Co., Ltd. | 4,920 | 21,753 | ||||||
FLEXium Interconnect, Inc. | 3,000 | 11,292 | ||||||
Foxsemicon Integrated Technology, Inc. | 4,000 | 20,644 | ||||||
General Interface Solution Holding Ltd. | 5,000 | 36,982 | ||||||
Getac Technology Corp. | 22,000 | 29,290 | ||||||
Global Unichip Corp. | 5,000 | 21,203 | ||||||
Hon Hai Precision Industry Co., Ltd. | 30,700 | 118,077 | ||||||
Hota Industrial Manufacturing Co., Ltd. | 7,085 | 34,936 | ||||||
IEI Integration Corp. | 6,000 | 9,270 | ||||||
Inventec Corp. | 10,000 | 8,153 | ||||||
Iron Force Industrial Co., Ltd. | 6,000 | 29,389 | ||||||
Kenda Rubber Industrial Co., Ltd. | 8,320 | 13,210 | ||||||
King Slide Works Co., Ltd. | 3,000 | 42,111 | ||||||
Kinpo Electronics, Inc. | 56,000 | 20,802 | ||||||
Lite-On Technology Corp. | 13,219 | 21,728 | ||||||
Makalot Industrial Co., Ltd. | 8,419 | 40,684 | ||||||
Micro-Star International Co., Ltd. | 12,000 | 27,890 | ||||||
Nan Kang Rubber Tire Co., Ltd. | 20,000 | 18,836 | ||||||
Nien Made Enterprise Co., Ltd. | 5,000 | 55,473 | ||||||
Orient Semiconductor Electronics Ltd.* | 14,000 | 3,746 | ||||||
Pegatron Corp. | 6,000 | 18,797 | ||||||
Pihsiang Machinery Manufacturing Co., Ltd.*† | 5,000 | 2,844 | ||||||
Posiflex Technology, Inc. | 2,239 | 12,145 | ||||||
Pou Chen Corp. | 31,000 | 42,903 | ||||||
Primax Electronics Ltd. | 13,000 | 26,667 | ||||||
Qisda Corp. | 54,000 | 41,272 | ||||||
Quanta Computer, Inc. | 12,000 | 28,402 | ||||||
Ritek Corp.* | 59,000 | 10,241 | ||||||
ScinoPharm Taiwan Ltd. | 11,560 | 15,866 | ||||||
ShunSin Technology Holding Ltd. | 3,000 | 10,848 | ||||||
Siliconware Precision Industries Co., Ltd.* | 15,000 | 24,236 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 32,000 | 219,329 | ||||||
Tong Yang Industry Co., Ltd. | 21,000 | 39,004 | ||||||
TPK Holding Co., Ltd.* | 7,000 | 21,446 | ||||||
TYC Brother Industrial Co., Ltd. | 35,000 | 37,048 | ||||||
Unitech Printed Circuit Board Corp. | 16,000 | 5,602 | ||||||
Visual Photonics Epitaxy Co., Ltd. | 5,750 | 11,530 | ||||||
Vivotek, Inc. | 4,664 | 13,308 | ||||||
Wistron NeWeb Corp. | 4,360 | 12,985 | ||||||
Yang Ming Marine Transport Corp.* | 49,065 | 20,242 | ||||||
Zeng Hsing Industrial Co., Ltd. | 2,000 | 9,533 | ||||||
Zhen Ding Technology Holding Ltd. | 2,000 | 4,740 | ||||||
Zinwell Corp. | 9,000 | 9,216 | ||||||
|
| |||||||
Total Taiwan | 1,811,560 | |||||||
Thailand – 1.5% | ||||||||
Delta Electronics Thailand PCL NVDR | 8,700 | 22,217 | ||||||
Thai Union Group PCL NVDR | 96,700 | 60,064 | ||||||
|
| |||||||
Total Thailand | 82,281 | |||||||
Turkey – 0.5% | ||||||||
Kordsa Teknik Tekstil AS | 11,437 | 27,208 | ||||||
TOTAL COMMON STOCKS (Cost: $4,937,498) | 5,562,325 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.7% | ||||||||
United States – 1.7% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(c) | ||||||||
(Cost: $93,741)(d) | 93,741 | 93,741 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.4% (Cost: $5,031,239) | 5,656,066 | |||||||
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (1.4)% | (78,062 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,578,004 |
* | Non-income producing security. |
† | 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 $46,441, which represents 0.83% of net assets. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 95 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
June 30, 2017
(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, 2017 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of June 30, 2017. |
(d) | At June 30, 2017, the total market value of the Fund’s securities on loan was $148,669 and the total market value of the collateral held by the Fund was $156,904. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $63,163. |
ADR – American Depositary Receipt
NVDR – Non-Voting Depositary Receipt
See Notes to Financial Statements.
96 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments
WisdomTree U.S. Domestic Economy Fund (WUSA)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
United States – 99.9% | ||||||||
Aerospace & Defense – 1.1% | ||||||||
Huntington Ingalls Industries, Inc. | 18 | $ | 3,351 | |||||
Northrop Grumman Corp. | 61 | 15,659 | ||||||
Spirit AeroSystems Holdings, Inc. Class A | 63 | 3,650 | ||||||
|
| |||||||
Total Aerospace & Defense | 22,660 | |||||||
Air Freight & Logistics – 0.1% | ||||||||
C.H. Robinson Worldwide, Inc. | 46 | 3,159 | ||||||
Airlines – 1.1% | ||||||||
Alaska Air Group, Inc. | 58 | 5,206 | ||||||
Southwest Airlines Co. | 307 | 19,077 | ||||||
|
| |||||||
Total Airlines | 24,283 | |||||||
Automobiles – 0.1% | ||||||||
Thor Industries, Inc. | 19 | 1,986 | ||||||
Banks – 12.6% | ||||||||
Bank of America Corp. | 2,905 | 70,475 | ||||||
Bank of the Ozarks, Inc. | 22 | 1,031 | ||||||
BB&T Corp. | 235 | 10,671 | ||||||
BOK Financial Corp. | 13 | 1,094 | ||||||
Citizens Financial Group, Inc. | 141 | 5,031 | ||||||
Comerica, Inc. | 34 | 2,490 | ||||||
Commerce Bancshares, Inc. | 21 | 1,194 | ||||||
Cullen/Frost Bankers, Inc. | 15 | 1,409 | ||||||
East West Bancorp, Inc. | 36 | 2,109 | ||||||
Fifth Third Bancorp | 277 | 7,191 | ||||||
First Republic Bank | 33 | 3,303 | ||||||
Huntington Bancshares, Inc. | 226 | 3,056 | ||||||
KeyCorp | 208 | 3,898 | ||||||
M&T Bank Corp. | 37 | 5,992 | ||||||
PacWest Bancorp | 30 | 1,401 | ||||||
People’s United Financial, Inc. | 67 | 1,183 | ||||||
PNC Financial Services Group, Inc. (The) | 144 | 17,981 | ||||||
Prosperity Bancshares, Inc. | 18 | 1,156 | ||||||
Regions Financial Corp. | 358 | 5,241 | ||||||
Signature Bank* | 13 | 1,866 | ||||||
SunTrust Banks, Inc. | 156 | 8,848 | ||||||
SVB Financial Group* | 9 | 1,582 | ||||||
Synovus Financial Corp. | 25 | 1,106 | ||||||
U.S. Bancorp | 511 | 26,531 | ||||||
Webster Financial Corp. | 16 | 836 | ||||||
Wells Fargo & Co. | 1,413 | 78,294 | ||||||
Western Alliance Bancorp* | 24 | 1,181 | ||||||
Zions Bancorp | 72 | 3,162 | ||||||
|
| |||||||
Total Banks | 269,312 | |||||||
Beverages – 0.8% | ||||||||
Constellation Brands, Inc. Class A | 61 | 11,818 | ||||||
Dr. Pepper Snapple Group, Inc. | 64 | 5,831 | ||||||
|
| |||||||
Total Beverages | 17,649 | |||||||
Biotechnology – 0.7% | ||||||||
Incyte Corp.* | 6 | $ | 755 | |||||
Regeneron Pharmaceuticals, Inc.* | 18 | 8,841 | ||||||
United Therapeutics Corp.* | 33 | 4,281 | ||||||
|
| |||||||
Total Biotechnology | 13,877 | |||||||
Building Products – 0.2% | ||||||||
Fortune Brands Home & Security, Inc. | 48 | 3,132 | ||||||
Lennox International, Inc. | 10 | 1,836 | ||||||
|
| |||||||
Total Building Products | 4,968 | |||||||
Capital Markets – 2.1% | ||||||||
Ameriprise Financial, Inc. | 46 | 5,855 | ||||||
CBOE Holdings, Inc. | 13 | 1,188 | ||||||
Charles Schwab Corp. (The) | 210 | 9,022 | ||||||
CME Group, Inc. | 73 | 9,143 | ||||||
E*TRADE Financial Corp.* | 82 | 3,118 | ||||||
Eaton Vance Corp. | 22 | 1,041 | ||||||
MarketAxess Holdings, Inc. | 3 | 603 | ||||||
Raymond James Financial, Inc. | 34 | 2,728 | ||||||
SEI Investments Co. | 30 | 1,613 | ||||||
T. Rowe Price Group, Inc. | 75 | 5,566 | ||||||
TD Ameritrade Holding Corp. | 111 | 4,772 | ||||||
|
| |||||||
Total Capital Markets | 44,649 | |||||||
Chemicals – 0.5% | ||||||||
Scotts Miracle-Gro Co. (The) | 20 | 1,789 | ||||||
Sherwin-Williams Co. (The) | 24 | 8,423 | ||||||
|
| |||||||
Total Chemicals | 10,212 | |||||||
Commercial Services & Supplies – 1.1% | ||||||||
Cintas Corp. | 30 | 3,781 | ||||||
Copart, Inc.* | 78 | 2,480 | ||||||
KAR Auction Services, Inc. | 60 | 2,518 | ||||||
Republic Services, Inc. | 78 | 4,971 | ||||||
Rollins, Inc. | 36 | 1,466 | ||||||
Waste Management, Inc. | 123 | 9,022 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 24,238 | |||||||
Communications Equipment – 0.2% | ||||||||
Harris Corp. | 45 | 4,909 | ||||||
Construction Materials – 0.4% | ||||||||
Eagle Materials, Inc. | 15 | 1,386 | ||||||
Martin Marietta Materials, Inc. | 15 | 3,339 | ||||||
Vulcan Materials Co. | 27 | 3,420 | ||||||
|
| |||||||
Total Construction Materials | 8,145 | |||||||
Consumer Finance – 2.1% | ||||||||
Ally Financial, Inc. | 238 | 4,974 | ||||||
Capital One Financial Corp. | 181 | 14,954 | ||||||
Discover Financial Services | 165 | 10,262 | ||||||
Santander Consumer USA Holdings, Inc.* | 262 | 3,343 | ||||||
SLM Corp.* | 88 | 1,012 | ||||||
Synchrony Financial | 310 | 9,244 | ||||||
|
| |||||||
Total Consumer Finance | 43,789 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 97 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Domestic Economy Fund (WUSA)
June 30, 2017
Investments | Shares | Value | ||||||
Containers & Packaging – 0.3% | ||||||||
Packaging Corp. of America | 37 | $ | 4,121 | |||||
WestRock Co. | 28 | 1,587 | ||||||
|
| |||||||
Total Containers & Packaging | 5,708 | |||||||
Distributors – 0.2% | ||||||||
Genuine Parts Co. | 49 | 4,545 | ||||||
Diversified Consumer Services – 0.1% | ||||||||
Service Corp. International | 58 | 1,940 | ||||||
ServiceMaster Global Holdings, Inc.* | 30 | 1,176 | ||||||
|
| |||||||
Total Diversified Consumer Services | 3,116 | |||||||
Diversified Financial Services – 3.8% | ||||||||
Berkshire Hathaway, Inc. Class B* | 474 | 80,281 | ||||||
Leucadia National Corp. | 15 | 393 | ||||||
|
| |||||||
Total Diversified Financial Services | 80,674 | |||||||
Diversified Telecommunication Services – 8.6% | ||||||||
AT&T, Inc. | 2,264 | 85,421 | ||||||
CenturyLink, Inc.(a) | 207 | 4,943 | ||||||
Verizon Communications, Inc. | 2,086 | 93,161 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 183,525 | |||||||
Electric Utilities – 3.3% | ||||||||
Alliant Energy Corp. | 39 | 1,567 | ||||||
American Electric Power Co., Inc. | 36 | 2,501 | ||||||
Avangrid, Inc. | 57 | 2,517 | ||||||
Duke Energy Corp. | 120 | 10,031 | ||||||
Edison International | 67 | 5,239 | ||||||
Eversource Energy | 63 | 3,825 | ||||||
Exelon Corp. | 123 | 4,437 | ||||||
Great Plains Energy, Inc. | 50 | 1,464 | ||||||
NextEra Energy, Inc. | 88 | 12,331 | ||||||
OGE Energy Corp. | 37 | 1,287 | ||||||
PG&E Corp. | 105 | 6,969 | ||||||
Pinnacle West Capital Corp. | 22 | 1,873 | ||||||
Southern Co. (The) | 198 | 9,480 | ||||||
Westar Energy, Inc. | 22 | 1,166 | ||||||
Xcel Energy, Inc. | 105 | 4,817 | ||||||
|
| |||||||
Total Electric Utilities | 69,504 | |||||||
Electrical Equipment – 0.2% | ||||||||
Acuity Brands, Inc. | 9 | 1,830 | ||||||
Hubbell, Inc. | 18 | 2,037 | ||||||
|
| |||||||
Total Electrical Equipment | 3,867 | |||||||
Electronic Equipment, Instruments & Components – 0.2% | ||||||||
CDW Corp. | 58 | 3,627 | ||||||
Equity Real Estate Investment Trusts (REITs) – 5.3% | ||||||||
American Campus Communities, Inc. | 12 | 568 | ||||||
Apartment Investment & Management Co. Class A | 49 | 2,106 | ||||||
AvalonBay Communities, Inc. | 28 | 5,381 | ||||||
Boston Properties, Inc. | 19 | 2,337 | ||||||
Brixmor Property Group, Inc. | 58 | 1,037 | ||||||
Camden Property Trust | 28 | 2,394 | ||||||
Colony NorthStar, Inc. Class A | 30 | 423 | ||||||
Crown Castle International Corp. | 19 | 1,903 | ||||||
DDR Corp. | 6 | 54 | ||||||
Douglas Emmett, Inc. | 7 | 267 | ||||||
Duke Realty Corp. | 64 | 1,789 | ||||||
Equity LifeStyle Properties, Inc. | 12 | 1,036 | ||||||
Equity Residential | 337 | 22,185 | ||||||
Essex Property Trust, Inc. | 9 | 2,315 | ||||||
Extra Space Storage, Inc. | 25 | 1,950 | ||||||
Federal Realty Investment Trust | 9 | 1,138 | ||||||
Forest City Realty Trust, Inc. Class A | 72 | 1,740 | ||||||
Gaming and Leisure Properties, Inc. | 43 | 1,620 | ||||||
GGP, Inc. | 276 | 6,503 | ||||||
HCP, Inc. | 7 | 224 | ||||||
Highwoods Properties, Inc. | 9 | 456 | ||||||
Hospitality Properties Trust | 16 | 466 | ||||||
Host Hotels & Resorts, Inc. | 210 | 3,837 | ||||||
Hudson Pacific Properties, Inc. | 6 | 205 | ||||||
Kilroy Realty Corp. | 21 | 1,578 | ||||||
Kimco Realty Corp. | 70 | 1,285 | ||||||
Lamar Advertising Co. Class A | 16 | 1,177 | ||||||
Liberty Property Trust | 43 | 1,751 | ||||||
Macerich Co. (The) | 37 | 2,148 | ||||||
Mid-America Apartment Communities, Inc. | 12 | 1,265 | ||||||
National Retail Properties, Inc. | 25 | 978 | ||||||
Omega Healthcare Investors, Inc. | 54 | 1,783 | ||||||
Prologis, Inc. | 131 | 7,682 | ||||||
Public Storage | 25 | 5,213 | ||||||
Realty Income Corp. | 25 | 1,379 | ||||||
Regency Centers Corp. | 13 | 814 | ||||||
SBA Communications Corp.* | 6 | 809 | ||||||
Simon Property Group, Inc. | 52 | 8,412 | ||||||
SL Green Realty Corp. | 10 | 1,058 | ||||||
Spirit Realty Capital, Inc. | 39 | 289 | ||||||
Sun Communities, Inc. | 6 | 526 | ||||||
UDR, Inc. | 43 | 1,676 | ||||||
Ventas, Inc. | 51 | 3,543 | ||||||
Vornado Realty Trust | 37 | 3,474 | ||||||
Welltower, Inc. | 46 | 3,443 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 112,217 | |||||||
Food & Staples Retailing – 3.1% | ||||||||
CVS Health Corp. | 508 | 40,874 | ||||||
Kroger Co. (The) | 544 | 12,686 | ||||||
Rite Aid Corp.* | 127 | 375 | ||||||
Sysco Corp. | 135 | 6,795 | ||||||
US Foods Holding Corp.* | 57 | 1,551 | ||||||
Whole Foods Market, Inc. | 112 | 4,716 | ||||||
|
| |||||||
Total Food & Staples Retailing | 66,997 | |||||||
Food Products – 1.9% | ||||||||
Campbell Soup Co. | 90 | 4,694 | ||||||
Conagra Brands, Inc. | 91 | 3,254 | ||||||
Hershey Co. (The) | 42 | 4,510 | ||||||
Hormel Foods Corp. | 192 | 6,549 | ||||||
J.M. Smucker Co. (The) | 36 | 4,260 | ||||||
Pilgrim’s Pride Corp.* | 126 | 2,762 |
See Notes to Financial Statements.
98 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Domestic Economy Fund (WUSA)
June 30, 2017
Investments | Shares | Value | ||||||
Pinnacle Foods, Inc. | 28 | $ | 1,663 | |||||
Post Holdings, Inc.* | 3 | 233 | ||||||
Tyson Foods, Inc. Class A | 207 | 12,964 | ||||||
|
| |||||||
Total Food Products | 40,889 | |||||||
Gas Utilities – 0.1% | ||||||||
Atmos Energy Corp. | 19 | 1,576 | ||||||
Health Care Equipment & Supplies – 0.0% | ||||||||
ABIOMED, Inc.* | 1 | 143 | ||||||
Health Care Providers & Services – 10.8% | ||||||||
Aetna, Inc. | 133 | 20,193 | ||||||
Anthem, Inc. | 115 | 21,635 | ||||||
Cardinal Health, Inc. | 123 | 9,584 | ||||||
Centene Corp.* | 66 | 5,272 | ||||||
Cigna Corp. | 87 | 14,563 | ||||||
DaVita, Inc.* | 130 | 8,419 | ||||||
Envision Healthcare Corp.* | 23 | 1,441 | ||||||
Express Scripts Holding Co.* | 397 | 25,344 | ||||||
HCA Healthcare, Inc.* | 240 | 20,928 | ||||||
Humana, Inc. | 22 | 5,294 | ||||||
Laboratory Corp. of America Holdings* | 33 | 5,087 | ||||||
McKesson Corp. | 101 | 16,619 | ||||||
MEDNAX, Inc.* | 37 | 2,234 | ||||||
Quest Diagnostics, Inc. | 51 | 5,669 | ||||||
UnitedHealth Group, Inc. | 315 | 58,407 | ||||||
Universal Health Services, Inc. Class B | 37 | 4,517 | ||||||
VCA, Inc.* | 32 | 2,954 | ||||||
WellCare Health Plans, Inc.* | 12 | 2,155 | ||||||
|
| |||||||
Total Health Care Providers & Services | 230,315 | |||||||
Health Care Technology – 0.2% | ||||||||
Cerner Corp.* | 78 | 5,185 | ||||||
Hotels, Restaurants & Leisure – 0.9% | ||||||||
Chipotle Mexican Grill, Inc.* | 1 | 416 | ||||||
Darden Restaurants, Inc. | 45 | 4,070 | ||||||
Domino’s Pizza, Inc. | 7 | 1,481 | ||||||
Hilton Worldwide Holdings, Inc. | 70 | 4,329 | ||||||
Marriott International, Inc. Class A | 58 | 5,818 | ||||||
Panera Bread Co. Class A* | 4 | 1,258 | ||||||
Six Flags Entertainment Corp. | 21 | 1,252 | ||||||
Vail Resorts, Inc. | 6 | 1,217 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 19,841 | |||||||
Household Durables – 1.4% | ||||||||
D.R. Horton, Inc. | 223 | 7,709 | ||||||
Lennar Corp. Class A | 136 | 7,252 | ||||||
NVR, Inc.* | 2 | 4,821 | ||||||
PulteGroup, Inc. | 204 | 5,004 | ||||||
Toll Brothers, Inc. | 109 | 4,307 | ||||||
|
| |||||||
Total Household Durables | 29,093 | |||||||
Household Products – 0.3% | ||||||||
Church & Dwight Co., Inc. | 61 | 3,165 | ||||||
Clorox Co. (The) | 31 | 4,130 | ||||||
|
| |||||||
Total Household Products | 7,295 | |||||||
Insurance – 3.7% | ||||||||
Allstate Corp. (The) | 103 | $ | 9,109 | |||||
American Financial Group, Inc. | 34 | 3,379 | ||||||
Assurant, Inc. | 22 | 2,281 | ||||||
Brown & Brown, Inc. | 49 | 2,110 | ||||||
Cincinnati Financial Corp. | 40 | 2,898 | ||||||
CNA Financial Corp. | 91 | 4,436 | ||||||
Erie Indemnity Co. Class A | 7 | 875 | ||||||
FNF Group | 84 | 3,766 | ||||||
Hartford Financial Services Group, Inc. (The) | 93 | 4,889 | ||||||
Lincoln National Corp. | 88 | 5,947 | ||||||
Loews Corp. | 72 | 3,370 | ||||||
Old Republic International Corp. | 108 | 2,109 | ||||||
Principal Financial Group, Inc. | 94 | 6,023 | ||||||
Progressive Corp. (The) | 133 | 5,864 | ||||||
Torchmark Corp. | 36 | 2,754 | ||||||
Travelers Cos., Inc. (The) | 111 | 14,045 | ||||||
Unum Group | 93 | 4,337 | ||||||
|
| |||||||
Total Insurance | 78,192 | |||||||
Internet Software & Services – 0.1% | ||||||||
Cars.com, Inc.*(a) | 45 | 1,198 | ||||||
CoStar Group, Inc.* | 1 | 264 | ||||||
|
| |||||||
Total Internet Software & Services | 1,462 | |||||||
IT Services – 1.7% | ||||||||
Automatic Data Processing, Inc. | 105 | 10,758 | ||||||
Booz Allen Hamilton Holding Corp. | 51 | 1,660 | ||||||
Broadridge Financial Solutions, Inc. | 31 | 2,342 | ||||||
First Data Corp. Class A* | 169 | 3,076 | ||||||
Fiserv, Inc.* | 60 | 7,340 | ||||||
Jack Henry & Associates, Inc. | 22 | 2,285 | ||||||
Leidos Holdings, Inc. | 45 | 2,326 | ||||||
Paychex, Inc. | 99 | 5,637 | ||||||
Vantiv, Inc. Class A* | 28 | 1,774 | ||||||
|
| |||||||
Total IT Services | 37,198 | |||||||
Media – 6.3% | ||||||||
CBS Corp. Class B Non-Voting Shares | 157 | 10,013 | ||||||
Charter Communications, Inc. Class A* | 87 | 29,306 | ||||||
Comcast Corp. Class A | 1,657 | 64,490 | ||||||
DISH Network Corp. Class A* | 123 | 7,720 | ||||||
Liberty Broadband Corp. Class C* | 69 | 5,986 | ||||||
Liberty Media Corp – Liberty Formula One Series C* | 61 | 2,234 | ||||||
Liberty Media Corp – Liberty SiriusXM Series C* | 72 | 3,002 | ||||||
Scripps Networks Interactive, Inc. Class A | 66 | 4,508 | ||||||
Sirius XM Holdings, Inc.(a) | 1,149 | 6,285 | ||||||
TEGNA, Inc. | 136 | 1,960 | ||||||
|
| |||||||
Total Media | 135,504 | |||||||
Metals & Mining – 0.5% | ||||||||
Nucor Corp. | 88 | 5,093 | ||||||
Reliance Steel & Aluminum Co. | 25 | 1,820 | ||||||
Steel Dynamics, Inc. | 85 | 3,044 | ||||||
|
| |||||||
Total Metals & Mining | 9,957 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 99 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Domestic Economy Fund (WUSA)
June 30, 2017
Investments | Shares | Value | ||||||
Multi-Utilities – 1.7% | ||||||||
Ameren Corp. | 51 | $ | 2,788 | |||||
CMS Energy Corp. | 52 | 2,405 | ||||||
Consolidated Edison, Inc. | 64 | 5,173 | ||||||
Dominion Energy, Inc. | 111 | 8,506 | ||||||
DTE Energy Co. | 36 | 3,809 | ||||||
MDU Resources Group, Inc. | 31 | 812 | ||||||
NiSource, Inc. | 55 | 1,395 | ||||||
Public Service Enterprise Group, Inc. | 112 | 4,817 | ||||||
SCANA Corp. | 37 | 2,479 | ||||||
WEC Energy Group, Inc. | 66 | 4,051 | ||||||
|
| |||||||
Total Multi-Utilities | 36,235 | |||||||
Multiline Retail – 2.4% | ||||||||
Dollar General Corp. | 129 | 9,300 | ||||||
Dollar Tree, Inc.* | 76 | 5,314 | ||||||
Kohl’s Corp. | 114 | 4,408 | ||||||
Macy’s, Inc. | 150 | 3,486 | ||||||
Nordstrom, Inc.(a) | 84 | 4,018 | ||||||
Target Corp. | 460 | 24,053 | ||||||
|
| |||||||
Total Multiline Retail | 50,579 | |||||||
Oil, Gas & Consumable Fuels – 1.1% | ||||||||
Kinder Morgan, Inc. | 186 | 3,564 | ||||||
Marathon Petroleum Corp. | 201 | 10,518 | ||||||
ONEOK, Inc. | 40 | 2,086 | ||||||
Tesoro Corp. | 70 | 6,552 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 22,720 | |||||||
Professional Services – 0.2% | ||||||||
Robert Half International, Inc. | 52 | 2,492 | ||||||
TransUnion* | 18 | 780 | ||||||
|
| |||||||
Total Professional Services | 3,272 | |||||||
Road & Rail – 3.1% | ||||||||
AMERCO | 7 | 2,562 | ||||||
CSX Corp. | 279 | 15,222 | ||||||
JB Hunt Transport Services, Inc. | 36 | 3,290 | ||||||
Norfolk Southern Corp. | 108 | 13,144 | ||||||
Old Dominion Freight Line, Inc. | 27 | 2,571 | ||||||
Union Pacific Corp. | 277 | 30,168 | ||||||
|
| |||||||
Total Road & Rail | 66,957 | |||||||
Software – 0.5% | ||||||||
CDK Global, Inc. | 40 | 2,482 | ||||||
Intuit, Inc. | 49 | 6,508 | ||||||
Tyler Technologies, Inc.* | 4 | 703 | ||||||
Ultimate Software Group, Inc. (The)* | 1 | 210 | ||||||
|
| |||||||
Total Software | 9,903 | |||||||
Specialty Retail – 6.1% | ||||||||
Advance Auto Parts, Inc. | 22 | 2,565 | ||||||
AutoZone, Inc.* | 13 | 7,416 | ||||||
Bed Bath & Beyond, Inc. | 142 | 4,317 | ||||||
Best Buy Co., Inc. | 159 | 9,116 | ||||||
Burlington Stores, Inc.* | 15 | 1,380 | ||||||
CarMax, Inc.* | 73 | 4,603 | ||||||
Home Depot, Inc. (The) | 388 | 59,519 | ||||||
L Brands, Inc. | 70 | 3,772 | ||||||
Lowe’s Cos., Inc. | 238 | 18,452 | ||||||
O’Reilly Automotive, Inc.* | 30 | 6,562 | ||||||
Ross Stores, Inc. | 129 | 7,447 | ||||||
Tractor Supply Co. | 23 | 1,247 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 10 | 2,874 | ||||||
|
| |||||||
Total Specialty Retail | 129,270 | |||||||
Thrifts & Mortgage Finance – 0.1% | ||||||||
New York Community Bancorp, Inc. | 163 | 2,140 | ||||||
Tobacco – 7.4% | ||||||||
Altria Group, Inc. | 1,467 | 109,247 | ||||||
Reynolds American, Inc. | 763 | 49,626 | ||||||
|
| |||||||
Total Tobacco | 158,873 | |||||||
Trading Companies & Distributors – 0.6% | ||||||||
Fastenal Co. | 70 | 3,047 | ||||||
HD Supply Holdings, Inc.* | 210 | 6,432 | ||||||
United Rentals, Inc.* | 31 | 3,494 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 12,973 | |||||||
Transportation Infrastructure – 0.0% | ||||||||
Macquarie Infrastructure Corp. | 10 | 784 | ||||||
Water Utilities – 0.1% | ||||||||
American Water Works Co., Inc. | 25 | 1,949 | ||||||
Aqua America, Inc. | 24 | 799 | ||||||
|
| |||||||
Total Water Utilities | 2,748 | |||||||
Wireless Telecommunication Services – 0.5% | ||||||||
T-Mobile U.S., Inc.* | 181 | 10,972 | ||||||
TOTAL COMMON STOCKS (Cost: $2,077,506) | 2,131,692 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4% | ||||||||
United States – 0.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(b) | ||||||||
(Cost: $9,621)(c) | 9,621 | 9,621 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $2,087,127) | 2,141,313 | |||||||
Liabilities in Excess of Cash and Other Assets – (0.3)% | (6,943 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,134,370 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of June 30, 2017. |
(c) | At June 30, 2017, the total market value of the Fund’s securities on loan was $14,750 and the total market value of the collateral held by the Fund was $15,330. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,709. |
See Notes to Financial Statements.
100 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments
WisdomTree U.S. Export and Multinational Fund (WEXP)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
United States – 99.9% | ||||||||
Aerospace & Defense – 3.2% | ||||||||
Boeing Co. (The) | 66 | $ | 13,051 | |||||
Hexcel Corp. | 6 | 317 | ||||||
United Technologies Corp. | 80 | 9,769 | ||||||
|
| |||||||
Total Aerospace & Defense | 23,137 | |||||||
Air Freight & Logistics – 0.2% | ||||||||
Expeditors International of Washington, Inc. | 23 | 1,299 | ||||||
Airlines – 0.6% | ||||||||
United Continental Holdings, Inc.* | 60 | 4,515 | ||||||
Auto Components – 0.9% | ||||||||
BorgWarner, Inc. | 9 | 381 | ||||||
Gentex Corp. | 25 | 474 | ||||||
Goodyear Tire & Rubber Co. (The) | 83 | 2,902 | ||||||
Lear Corp. | 22 | 3,126 | ||||||
|
| |||||||
Total Auto Components | 6,883 | |||||||
Banks – 4.8% | ||||||||
Citigroup, Inc. | 519 | 34,711 | ||||||
Beverages – 5.0% | ||||||||
Brown-Forman Corp. Class B | 51 | 2,479 | ||||||
Coca-Cola Co. (The) | 340 | 15,249 | ||||||
Molson Coors Brewing Co. Class B | 85 | 7,339 | ||||||
PepsiCo, Inc. | 98 | 11,318 | ||||||
|
| |||||||
Total Beverages | 36,385 | |||||||
Biotechnology – 0.1% | ||||||||
Alexion Pharmaceuticals, Inc.* | 8 | 973 | ||||||
Building Products – 0.1% | ||||||||
A.O. Smith Corp. | 11 | 620 | ||||||
Capital Markets – 2.5% | ||||||||
Goldman Sachs Group, Inc. (The) | 70 | 15,533 | ||||||
Moody’s Corp. | 15 | 1,825 | ||||||
MSCI, Inc. | 6 | 618 | ||||||
|
| |||||||
Total Capital Markets | 17,976 | |||||||
Chemicals – 6.2% | ||||||||
Air Products & Chemicals, Inc. | 25 | 3,577 | ||||||
Albemarle Corp. | 17 | 1,794 | ||||||
Celanese Corp. Series A | 30 | 2,848 | ||||||
Chemours Co. (The) | 1 | 38 | ||||||
Dow Chemical Co. (The) | 196 | 12,362 | ||||||
E.I. du Pont de Nemours & Co. | 79 | 6,376 | ||||||
Eastman Chemical Co. | 27 | 2,268 | ||||||
Ecolab, Inc. | 20 | 2,655 | ||||||
FMC Corp. | 13 | 950 | ||||||
Huntsman Corp. | 43 | 1,111 | ||||||
International Flavors & Fragrances, Inc. | 11 | 1,485 | ||||||
Monsanto Co. | 26 | 3,077 | ||||||
Mosaic Co. (The) | 4 | 91 | ||||||
NewMarket Corp. | 2 | 921 | ||||||
PPG Industries, Inc. | 14 | 1,539 | ||||||
Praxair, Inc. | 29 | 3,844 | ||||||
|
| |||||||
Total Chemicals | 44,936 | |||||||
Communications Equipment – 1.2% | ||||||||
Cisco Systems, Inc. | 237 | 7,418 | ||||||
CommScope Holding Co., Inc.* | 2 | 76 | ||||||
F5 Networks, Inc.* | 3 | 381 | ||||||
Juniper Networks, Inc. | 18 | 502 | ||||||
Motorola Solutions, Inc. | 5 | 434 | ||||||
|
| |||||||
Total Communications Equipment | 8,811 | |||||||
Construction & Engineering – 0.1% | ||||||||
Fluor Corp. | 7 | 320 | ||||||
Jacobs Engineering Group, Inc. | 7 | 381 | ||||||
|
| |||||||
Total Construction & Engineering | 701 | |||||||
Containers & Packaging – 0.6% | ||||||||
Avery Dennison Corp. | 12 | 1,060 | ||||||
Ball Corp. | 10 | 422 | ||||||
Crown Holdings, Inc.* | 30 | 1,790 | ||||||
Sealed Air Corp. | 27 | 1,209 | ||||||
|
| |||||||
Total Containers & Packaging | 4,481 | |||||||
Electrical Equipment – 1.0% | ||||||||
AMETEK, Inc. | 21 | 1,272 | ||||||
Emerson Electric Co. | 73 | 4,352 | ||||||
Rockwell Automation, Inc. | 9 | 1,458 | ||||||
|
| |||||||
Total Electrical Equipment | 7,082 | |||||||
Electronic Equipment, Instruments & Components – 1.1% | ||||||||
Amphenol Corp. Class A | 15 | 1,107 | ||||||
Arrow Electronics, Inc.* | 7 | 549 | ||||||
Avnet, Inc. | 5 | 194 | ||||||
Cognex Corp. | 3 | 255 | ||||||
Corning, Inc. | 166 | 4,988 | ||||||
IPG Photonics Corp.* | 4 | 581 | ||||||
Keysight Technologies, Inc.* | 12 | 467 | ||||||
Trimble, Inc.* | 4 | 143 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 8,284 | |||||||
Equity Real Estate Investment Trusts (REITs) – 0.1% | ||||||||
Equinix, Inc. | 1 | 429 | ||||||
Food Products – 1.3% | ||||||||
Archer-Daniels-Midland Co. | 65 | 2,690 | ||||||
Ingredion, Inc. | 8 | 954 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 8 | 780 | ||||||
Mondelez International, Inc. Class A | 122 | 5,269 | ||||||
|
| |||||||
Total Food Products | 9,693 | |||||||
Health Care Equipment & Supplies – 4.5% | ||||||||
Abbott Laboratories | 65 | 3,160 | ||||||
Baxter International, Inc. | 226 | 13,682 | ||||||
Becton, Dickinson and Co. | 11 | 2,146 | ||||||
Boston Scientific Corp.* | 62 | 1,719 | ||||||
Cooper Cos., Inc. (The) | 3 | 718 | ||||||
Danaher Corp. | 63 | 5,316 | ||||||
DENTSPLY SIRONA, Inc. | 17 | 1,102 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 101 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Export and Multinational Fund (WEXP)
June 30, 2017
Investments | Shares | Value | ||||||
Edwards Lifesciences Corp.* | 12 | $ | 1,419 | |||||
ResMed, Inc. | 11 | 857 | ||||||
Teleflex, Inc. | 3 | 623 | ||||||
Varian Medical Systems, Inc.* | 9 | 929 | ||||||
West Pharmaceutical Services, Inc. | 4 | 378 | ||||||
Zimmer Biomet Holdings, Inc. | 5 | 642 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 32,691 | |||||||
Hotels, Restaurants & Leisure – 3.1% | ||||||||
Las Vegas Sands Corp. | 104 | 6,644 | ||||||
McDonald’s Corp. | 99 | 15,163 | ||||||
Wynn Resorts Ltd. | 6 | 805 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 22,612 | |||||||
Household Durables – 0.3% | ||||||||
Whirlpool Corp. | 11 | 2,108 | ||||||
Household Products – 4.5% | ||||||||
Colgate-Palmolive Co. | 98 | 7,264 | ||||||
Kimberly-Clark Corp. | 35 | 4,519 | ||||||
Procter & Gamble Co. (The) | 245 | 21,352 | ||||||
|
| |||||||
Total Household Products | 33,135 | |||||||
Independent Power & Renewable Electricity Producers – 0.2% | ||||||||
AES Corp. | 129 | 1,433 | ||||||
Industrial Conglomerates – 5.5% | ||||||||
3M Co. | 63 | 13,116 | ||||||
General Electric Co. | 673 | 18,178 | ||||||
Honeywell International, Inc. | 66 | 8,797 | ||||||
|
| |||||||
Total Industrial Conglomerates | 40,091 | |||||||
Insurance – 2.0% | ||||||||
Aflac, Inc. | 112 | 8,700 | ||||||
Marsh & McLennan Cos., Inc. | 56 | 4,366 | ||||||
Reinsurance Group of America, Inc. | 12 | 1,541 | ||||||
|
| |||||||
Total Insurance | 14,607 | |||||||
Internet & Catalog Retail – 1.7% | ||||||||
Expedia, Inc. | 5 | 745 | ||||||
Priceline Group, Inc. (The)* | 6 | 11,223 | ||||||
TripAdvisor, Inc.* | 4 | 153 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 12,121 | |||||||
Internet Software & Services – 5.1% | ||||||||
Alphabet, Inc. Class A* | 21 | 19,523 | ||||||
eBay, Inc.* | 223 | 7,787 | ||||||
Facebook, Inc. Class A* | 66 | 9,965 | ||||||
VeriSign, Inc.* | 1 | 93 | ||||||
|
| |||||||
Total Internet Software & Services | 37,368 | |||||||
IT Services – 3.3% | ||||||||
DXC Technology Co. | 14 | 1,074 | ||||||
Gartner, Inc.* | 2 | 247 | ||||||
International Business Machines Corp. | 70 | 10,768 | ||||||
MasterCard, Inc. Class A | 41 | 4,979 | ||||||
PayPal Holdings, Inc.* | 27 | 1,449 | ||||||
Sabre Corp. | 12 | 261 | ||||||
Visa, Inc. Class A | 57 | 5,346 | ||||||
Western Union Co. (The) | 16 | 305 | ||||||
|
| |||||||
Total IT Services | 24,429 | |||||||
Leisure Products – 0.3% | ||||||||
Hasbro, Inc. | 13 | 1,449 | ||||||
Mattel, Inc. | 24 | 517 | ||||||
|
| |||||||
Total Leisure Products | 1,966 | |||||||
Life Sciences Tools & Services – 1.5% | ||||||||
Agilent Technologies, Inc. | 28 | 1,661 | ||||||
Illumina, Inc.* | 5 | 868 | ||||||
Mettler-Toledo International, Inc.* | 2 | 1,177 | ||||||
PerkinElmer, Inc. | 10 | 681 | ||||||
Quintiles IMS Holdings, Inc.* | 5 | 447 | ||||||
Thermo Fisher Scientific, Inc. | 26 | 4,536 | ||||||
Waters Corp.* | 9 | 1,655 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 11,025 | |||||||
Machinery – 3.4% | ||||||||
Caterpillar, Inc. | 14 | 1,504 | ||||||
Cummins, Inc. | 17 | 2,758 | ||||||
Deere & Co. | 23 | 2,843 | ||||||
Donaldson Co., Inc. | 11 | 501 | ||||||
Dover Corp. | 12 | 963 | ||||||
Flowserve Corp. | 8 | 371 | ||||||
Fortive Corp. | 28 | 1,774 | ||||||
Graco, Inc. | 1 | 109 | ||||||
IDEX Corp. | 6 | 678 | ||||||
Illinois Tool Works, Inc. | 34 | 4,871 | ||||||
Lincoln Electric Holdings, Inc. | 4 | 368 | ||||||
Nordson Corp. | 7 | 849 | ||||||
PACCAR, Inc. | 15 | 991 | ||||||
Parker-Hannifin Corp. | 11 | 1,758 | ||||||
Stanley Black & Decker, Inc. | 14 | 1,970 | ||||||
WABCO Holdings, Inc.* | 8 | 1,020 | ||||||
Wabtec Corp. | 8 | 732 | ||||||
Xylem, Inc. | 13 | 721 | ||||||
|
| |||||||
Total Machinery | 24,781 | |||||||
Media – 0.6% | ||||||||
Discovery Communications, Inc. Class C* | 57 | 1,437 | ||||||
Interpublic Group of Cos., Inc. (The) | 41 | 1,009 | ||||||
Omnicom Group, Inc. | 20 | 1,658 | ||||||
|
| |||||||
Total Media | 4,104 | |||||||
Oil, Gas & Consumable Fuels – 2.9% | ||||||||
Exxon Mobil Corp. | 260 | 20,990 | ||||||
Personal Products – 0.4% | ||||||||
Estee Lauder Cos., Inc. (The) Class A | 33 | 3,167 | ||||||
Pharmaceuticals – 10.9% | ||||||||
Bristol-Myers Squibb Co. | 137 | 7,634 | ||||||
Eli Lilly & Co. | 52 | 4,279 | ||||||
Johnson & Johnson | 273 | 36,115 | ||||||
Merck & Co., Inc. | 210 | 13,459 | ||||||
Pfizer, Inc. | 482 | 16,190 |
See Notes to Financial Statements.
102 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Export and Multinational Fund (WEXP)
June 30, 2017
Investments | Shares | Value | ||||||
Zoetis, Inc. | 31 | $ | 1,934 | |||||
|
| |||||||
Total Pharmaceuticals | 79,611 | |||||||
Professional Services – 0.2% | ||||||||
ManpowerGroup, Inc. | 16 | 1,786 | ||||||
Real Estate Management & Development – 0.3% | ||||||||
CBRE Group, Inc. Class A* | 29 | 1,056 | ||||||
Jones Lang LaSalle, Inc. | 7 | 875 | ||||||
|
| |||||||
Total Real Estate Management & Development | 1,931 | |||||||
Road & Rail – 0.2% | ||||||||
Kansas City Southern | 11 | 1,151 | ||||||
Semiconductors & Semiconductor Equipment – 6.0% | ||||||||
Analog Devices, Inc. | 11 | 856 | ||||||
Applied Materials, Inc. | 89 | 3,677 | ||||||
Intel Corp. | 398 | 13,429 | ||||||
KLA-Tencor Corp. | 15 | 1,373 | ||||||
Lam Research Corp. | 14 | 1,980 | ||||||
Maxim Integrated Products, Inc. | 18 | 808 | ||||||
Microchip Technology, Inc. | 1 | 77 | ||||||
NVIDIA Corp. | 26 | 3,759 | ||||||
ON Semiconductor Corp.* | 18 | 253 | ||||||
QUALCOMM, Inc. | 169 | 9,332 | ||||||
Skyworks Solutions, Inc. | 16 | 1,535 | ||||||
Teradyne, Inc. | 11 | 330 | ||||||
Texas Instruments, Inc. | 68 | 5,231 | ||||||
Xilinx, Inc. | 14 | 900 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 43,540 | |||||||
Software – 4.5% | ||||||||
Activision Blizzard, Inc. | 20 | 1,151 | ||||||
Adobe Systems, Inc.* | 8 | 1,132 | ||||||
ANSYS, Inc.* | 3 | 365 | ||||||
Cadence Design Systems, Inc.* | 8 | 268 | ||||||
Citrix Systems, Inc.* | 5 | 398 | ||||||
Electronic Arts, Inc.* | 15 | 1,586 | ||||||
Fortinet, Inc.* | 1 | 37 | ||||||
Microsoft Corp. | 240 | 16,543 | ||||||
Oracle Corp. | 196 | 9,828 | ||||||
Red Hat, Inc.* | 3 | 287 | ||||||
Synopsys, Inc.* | 4 | 292 | ||||||
Take-Two Interactive Software, Inc.* | 1 | 73 | ||||||
VMware, Inc. Class A*(a) | 12 | 1,049 | ||||||
|
| |||||||
Total Software | 33,009 | |||||||
Specialty Retail – 0.1% | ||||||||
Tiffany & Co. | 12 | 1,126 | ||||||
Technology Hardware, Storage & Peripherals – 3.7% | ||||||||
Apple, Inc. | 145 | 20,883 | ||||||
Hewlett Packard Enterprise Co. | 152 | 2,522 | ||||||
HP, Inc. | 172 | 3,006 | ||||||
NCR Corp.* | 5 | 204 | ||||||
NetApp, Inc. | 2 | 80 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 26,695 | |||||||
Textiles, Apparel & Luxury Goods – 1.6% | ||||||||
Coach, Inc. | 24 | 1,136 | ||||||
NIKE, Inc. Class B | 160 | 9,440 | ||||||
PVH Corp. | 13 | 1,489 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 12,065 | |||||||
Tobacco – 4.1% | ||||||||
Philip Morris International, Inc. | 256 | 30,067 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $677,065) | 728,525 | |||||||
Cash and Other Assets in Excess of Liabilities – 0.1% | 1,056 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 729,581 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (See Note 2). At June 30, 2017, the total market value of the Fund’s securities on loan was $874 and the total market value of the collateral held by the Fund was $888. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $888. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 103 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
June 30, 2017
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 98.5% | ||||||||
United States – 98.5% | ||||||||
21st Century Fox America, Inc. | $ | 44,000 | $ | 50,755 | ||||
ABB Finance USA, Inc. | 63,000 | 64,476 | ||||||
Abbott Laboratories | 74,000 | 73,873 | ||||||
4.90%, 11/30/46 | 32,000 | 35,388 | ||||||
AbbVie, Inc. | 31,000 | 32,128 | ||||||
American International Group, Inc. | 35,000 | 36,039 | ||||||
4.80%, 7/10/45 | 27,000 | 28,929 | ||||||
Amgen, Inc. | 61,000 | 68,237 | ||||||
Apple, Inc. | 69,000 | 69,149 | ||||||
AT&T, Inc. | 37,000 | 37,915 | ||||||
5.45%, 3/1/47 | 28,000 | 30,256 | ||||||
4.50%, 3/9/48 | 117,000 | 109,915 | ||||||
Bank of America Corp. | 62,000 | 65,482 | ||||||
4.45%, 3/3/26 | 47,000 | 49,003 | ||||||
5.00%, 1/21/44 | 71,000 | 80,571 | ||||||
BB&T Corp. | 45,000 | 48,125 | ||||||
Berkshire Hathaway Energy Co. | 73,000 | 94,068 | ||||||
Block Financial LLC | 46,000 | 49,886 | ||||||
Celgene Corp. | 74,000 | 75,727 | ||||||
Chevron Corp. | 124,000 | 123,521 | ||||||
Citigroup, Inc. | 91,000 | 91,167 | ||||||
5.50%, 9/13/25 | 134,000 | 149,260 | ||||||
Comcast Corp. | 12,000 | 12,811 | ||||||
4.65%, 7/15/42 | 46,000 | 50,551 | ||||||
CVS Health Corp. | 60,000 | 66,845 | ||||||
Dow Chemical Co. (The) | 147,000 | 156,314 | ||||||
Duke Energy Corp. | 38,000 | 36,162 | ||||||
Edison International | 20,000 | 20,036 | ||||||
EI du Pont de Nemours & Co. | 88,000 | 88,414 | ||||||
EMC Corp. | 64,000 | 63,655 | ||||||
EPR Properties | 33,000 | 36,492 | ||||||
FedEx Corp. | 12,000 | 12,656 | ||||||
General Motors Co. | 18,000 | 21,422 | ||||||
General Motors Financial Co., Inc. | 42,000 | 42,598 | ||||||
Gilead Sciences, Inc. | 31,000 | 31,223 | ||||||
Goldman Sachs Group, Inc. (The) | 62,000 | 67,993 | ||||||
3.85%, 7/8/24 | 61,000 | 63,407 | ||||||
Hartford Financial Services Group, Inc. (The) | 51,000 | 65,034 | ||||||
Hewlett Packard Enterprise Co. | 25,000 | 26,534 | ||||||
HSBC USA, Inc. | 100,000 | 107,542 | ||||||
International Business Machines Corp. | 44,000 | 44,047 | ||||||
JPMorgan Chase & Co. | 51,000 | 61,497 | ||||||
Kraft Heinz Foods Co. | 23,000 | 29,674 | ||||||
Kroger Co. (The) | 24,000 | 24,106 | ||||||
Magellan Midstream Partners L.P. | 9,000 | 9,806 | ||||||
Marriott International, Inc. | 57,000 | 57,891 | ||||||
McDonald’s Corp. | 24,000 | 24,445 | ||||||
McKesson Corp. | 113,000 | 117,785 | ||||||
Microsoft Corp. | 45,000 | 48,568 | ||||||
Morgan Stanley | 148,000 | 160,880 | ||||||
MPLX L.P. | 10,000 | 10,053 | ||||||
Mylan N.V. | 20,000 | 20,302 | ||||||
Northrop Grumman Corp. | 84,000 | 86,995 | ||||||
NVR, Inc. | 18,000 | 18,866 | ||||||
Occidental Petroleum Corp. | 68,000 | 72,472 | ||||||
Oracle Corp. | 71,000 | 77,174 | ||||||
Pacific Gas & Electric Co. | 68,000 | 87,895 | ||||||
Pfizer, Inc. | 124,000 | 125,149 | ||||||
Philip Morris International, Inc. | 104,000 | 107,592 | ||||||
Santander Holdings USA, Inc. | 81,000 | 80,847 |
See Notes to Financial Statements.
104 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
June 30, 2017
Investments | Principal Amount | Value | ||||||
Shire Acquisitions Investments Ireland DAC | $ | 40,000 | $ | 39,192 | ||||
South Carolina Electric & Gas Co. | 6,000 | 5,891 | ||||||
Southern Co. Gas Capital Corp. | 32,000 | 32,773 | ||||||
Synchrony Financial | 110,000 | 110,624 | ||||||
Thermo Fisher Scientific, Inc. | 86,000 | 86,810 | ||||||
Time Warner, Inc. | 76,000 | 81,286 | ||||||
3.60%, 7/15/25 | 157,000 | 156,914 | ||||||
Tyson Foods, Inc. | 36,000 | 36,472 | ||||||
3.95%, 8/15/24 | 89,000 | 93,271 | ||||||
United Technologies Corp. | 35,000 | 38,307 | ||||||
Verizon Communications, Inc. | 63,000 | 66,409 | ||||||
4.40%, 11/1/34 | 156,000 | 155,038 | ||||||
Viacom, Inc. | 57,000 | 60,591 | ||||||
Wal-Mart Stores, Inc. | 61,000 | 83,548 | ||||||
Wells Fargo & Co. | 27,000 | 27,665 | ||||||
4.30%, 7/22/27 | 45,000 | 47,192 | ||||||
Xylem, Inc. | 38,000 | 39,492 | ||||||
Zimmer Biomet Holdings, Inc. | 49,000 | 49,575 | ||||||
|
| |||||||
TOTAL CORPORATE BONDS (Cost: $4,923,203) | 4,910,653 | |||||||
U.S. GOVERNMENT OBLIGATIONS – 0.2% | ||||||||
U.S. Treasury Note – 0.2% | ||||||||
U.S. Treasury Note | ||||||||
(Cost: $9,864) | 10,000 | 9,955 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.7% (Cost: $4,933,067) | 4,920,608 | |||||||
Cash and Other Assets in Excess of Liabilities – 1.3% |
| 67,036 | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 4,987,644 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 105 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
June 30, 2017
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 97.7% | ||||||||
United States – 97.7% | ||||||||
ADT Corp. (The) | $ | 124,000 | $ | 123,225 | ||||
AECOM | 63,000 | 66,229 | ||||||
AMC Entertainment Holdings, Inc. | 75,000 | 78,469 | ||||||
American Axle & Manufacturing, Inc. | 50,000 | 48,875 | ||||||
Ashland LLC | 89,000 | 93,450 | ||||||
Berry Plastics Corp. | 100,000 | 104,500 | ||||||
Cablevision Systems Corp. | 138,000 | 143,520 | ||||||
CCO Holdings LLC | 125,000 | 128,125 | ||||||
CF Industries, Inc. | 75,000 | 71,062 | ||||||
Chesapeake Energy Corp. | 75,000 | 79,594 | ||||||
CommScope Technologies LLC | 65,000 | 69,712 | ||||||
Community Health Systems, Inc. | 78,000 | 76,245 | ||||||
6.25%, 3/31/23 | 50,000 | 51,805 | ||||||
Crestwood Midstream Partners L.P. | 75,000 | 75,000 | ||||||
DaVita, Inc. | 125,000 | 128,594 | ||||||
DISH DBS Corp. | 76,000 | 78,090 | ||||||
DPL, Inc. | 100,000 | 107,500 | ||||||
Dynegy, Inc. | 75,000 | 73,125 | ||||||
Endo Finance LLC | 75,000 | 63,000 | ||||||
Envision Healthcare Corp. | 50,000 | 51,875 | ||||||
ESH Hospitality, Inc. | 50,000 | 51,938 | ||||||
First Data Corp. | 146,000 | 156,220 | ||||||
Freeport-McMoRan, Inc. | 100,000 | 90,250 | ||||||
Gray Television, Inc. | 75,000 | 76,687 | ||||||
HCA, Inc. | 147,000 | 155,820 | ||||||
HealthSouth Corp. | 50,000 | 51,563 | ||||||
HRG Group, Inc. | 96,000 | 101,280 | ||||||
Kindred Healthcare, Inc. | 76,000 | 80,180 | ||||||
KLX, Inc. | 72,000 | 75,870 | ||||||
L Brands, Inc. | 75,000 | 72,750 | ||||||
Level 3 Financing, Inc. | 50,000 | 52,750 | ||||||
Micron Technology, Inc. | 98,000 | 102,263 | ||||||
Navient Corp. | 122,000 | 126,270 | ||||||
Nexstar Broadcasting, Inc. | 100,000 | 101,500 | ||||||
Nielsen Finance LLC | 120,000 | 124,800 | ||||||
NuStar Logistics L.P. | 50,000 | 52,625 | ||||||
OneMain Financial Holdings LLC | 50,000 | 52,912 | ||||||
PBF Holding Co. LLC | 75,000 | 74,250 | ||||||
Platform Specialty Products Corp. | 83,000 | 86,112 | ||||||
Post Holdings, Inc. | 100,000 | 103,250 | ||||||
Prime Security Services Borrower LLC | 100,000 | 108,916 | ||||||
PulteGroup, Inc. | 75,000 | 77,250 | ||||||
Regal Entertainment Group | 105,000 | 109,987 | ||||||
Rite Aid Corp. | 75,000 | 77,400 | ||||||
Scientific Games International, Inc. | 106,000 | 116,600 | ||||||
Sirius XM Radio, Inc. | 50,000 | 51,875 | ||||||
Six Flags Entertainment Corp. | 45,000 | 45,388 | ||||||
Springleaf Finance Corp. | 60,000 | 67,350 | ||||||
T-Mobile USA, Inc. | 89,000 | 94,423 | ||||||
Tesoro Logistics L.P. | 50,000 | 52,688 | ||||||
TransDigm, Inc. | 75,000 | 76,312 | ||||||
TreeHouse Foods, Inc. | 69,000 | 73,830 | ||||||
Tronox Finance LLC | 50,000 | 51,750 | ||||||
United Rentals North America, Inc. | 50,000 | 53,437 | ||||||
Uniti Group, Inc. | 75,000 | 77,625 |
See Notes to Financial Statements.
106 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
June 30, 2017
Investments | Principal Amount | Value | ||||||
Valeant Pharmaceuticals International | $ | 100,000 | $ | 97,375 | ||||
Western Digital Corp. | 120,000 | 141,862 | ||||||
Windstream Services LLC | 110,000 | 103,950 | ||||||
Wynn Las Vegas LLC | 75,000 | 75,844 | ||||||
Zayo Group LLC | 50,000 | 52,438 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 97.7% (Cost: $4,921,266) | 5,107,585 | |||||||
Cash and Other Assets in Excess of Liabilities – 2.3% |
| 121,395 | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,228,980 |
(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, 2017 | 107 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
June 30, 2017
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 98.7% | ||||||||
United States – 98.7% | ||||||||
Abbott Laboratories | $ | 60,000 | $ | 59,897 | ||||
2.90%, 11/30/21 | 30,000 | 30,366 | ||||||
AbbVie, Inc. | 37,000 | 36,967 | ||||||
Altria Group, Inc. | 83,000 | 95,309 | ||||||
American Honda Finance Corp. | 49,000 | 49,687 | ||||||
American International Group, Inc. | 48,000 | 49,707 | ||||||
3.30%, 3/1/21 | 86,000 | 88,554 | ||||||
Amgen, Inc. | 47,000 | 49,587 | ||||||
Apple, Inc. | 63,000 | 63,450 | ||||||
AT&T, Inc. | 59,000 | 59,374 | ||||||
3.00%, 2/15/22 | 101,000 | 101,558 | ||||||
Bank of America Corp. | 115,000 | 126,864 | ||||||
5.70%, 1/24/22 | 53,000 | 59,949 | ||||||
Bank of New York Mellon Corp. (The) | 114,000 | 113,019 | ||||||
Baxter International, Inc. | 22,000 | 21,491 | ||||||
BB&T Corp. | 46,000 | 49,194 | ||||||
Capital One Financial Corp. | 49,000 | 52,916 | ||||||
Celgene Corp. | 73,000 | 73,439 | ||||||
Chevron Corp. | 71,000 | 71,242 | ||||||
Cisco Systems, Inc. | 62,000 | 62,518 | ||||||
Citigroup, Inc. | 107,000 | 106,974 | ||||||
2.05%, 12/7/18 | 61,000 | 61,112 | ||||||
2.65%, 10/26/20 | 72,000 | 72,746 | ||||||
Consolidated Edison, Inc. | 75,000 | 73,899 | ||||||
Constellation Brands, Inc. | 33,000 | 34,425 | ||||||
CVS Health Corp. | 120,000 | 122,258 | ||||||
Dow Chemical Co. (The) | 79,000 | 83,945 | ||||||
Edison International | 11,000 | 11,020 | ||||||
EI du Pont de Nemours & Co. | 94,000 | 98,207 | ||||||
EMC Corp. | 86,000 | 85,537 | ||||||
Exxon Mobil Corp. | 62,000 | 62,259 | ||||||
Fidelity National Information Services, Inc. | 69,000 | 72,335 | ||||||
General Mills, Inc. | 67,000 | 70,988 | ||||||
General Motors Financial Co., Inc. | 64,000 | 65,085 | ||||||
3.45%, 4/10/22 | 44,000 | 44,769 | ||||||
Gilead Sciences, Inc. | 35,000 | 37,780 | ||||||
Goldman Sachs Group, Inc. (The) | 108,000 | 118,439 | ||||||
Hartford Financial Services Group, Inc. (The) | 25,000 | 27,184 | ||||||
Hewlett Packard Enterprise Co. | 46,000 | 47,466 | ||||||
HP, Inc. | 36,000 | 38,296 | ||||||
HSBC USA, Inc. | 100,000 | 100,626 | ||||||
JPMorgan Chase & Co. | 93,000 | 93,040 | ||||||
2.75%, 6/23/20 | 69,000 | 70,182 | ||||||
4.40%, 7/22/20 | 71,000 | 75,642 | ||||||
Kraft Heinz Foods Co. | 81,000 | 84,876 | ||||||
Lockheed Martin Corp. | 155,000 | 157,252 | ||||||
McDonald’s Corp. | 47,000 | 48,172 | ||||||
McKesson Corp. | 115,000 | 115,707 | ||||||
Medco Health Solutions, Inc. | 49,000 | 50,819 | ||||||
Morgan Stanley | 52,000 | 52,386 | ||||||
5.50%, 7/28/21 | 73,000 | 81,021 | ||||||
NextEra Energy Capital Holdings, Inc. | 150,000 | 149,589 | ||||||
NVIDIA Corp. | 15,000 | 14,848 | ||||||
Reynolds American, Inc. | 98,000 | 98,449 | ||||||
Santander Holdings USA, Inc. | 39,000 | 39,305 | ||||||
Southern Co. (The) | 26,000 | 25,835 | ||||||
Stryker Corp. | 144,000 | 143,714 | ||||||
SunTrust Banks, Inc. | 98,000 | 98,615 | ||||||
Synchrony Financial | 95,000 | 95,539 | ||||||
Tech Data Corp. | 30,000 | 30,644 |
See Notes to Financial Statements.
108 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
June 30, 2017
Investments | Principal Amount | Value | ||||||
Thermo Fisher Scientific, Inc. | $ | 39,000 | $ | 40,341 | ||||
Time Warner, Inc. | 46,000 | 49,199 | ||||||
Toyota Motor Credit Corp. | 39,000 | 39,248 | ||||||
United Parcel Service, Inc. | 95,000 | 98,704 | ||||||
UnitedHealth Group, Inc. | 79,000 | 79,303 | ||||||
Verizon Communications, Inc. | 135,000 | 144,320 | ||||||
Viacom, Inc. | 45,000 | 47,835 | ||||||
Walgreens Boots Alliance, Inc. | 97,000 | 98,578 | ||||||
Wells Fargo & Co. | 52,000 | 56,082 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.7% (Cost: $4,936,898) | 4,929,683 | |||||||
Cash and Other Assets in Excess of Liabilities – 1.3% |
| 64,574 | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 4,994,257 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 109 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
June 30, 2017
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 93.6% | ||||||||
United States – 93.6% | ||||||||
AES Corp. | $ | 50,000 | $ | 57,500 | ||||
4.88%, 5/15/23 | 50,000 | 51,188 | ||||||
American Axle & Manufacturing, Inc. | 50,000 | 51,500 | ||||||
Ball Corp. | 50,000 | 53,563 | ||||||
Cablevision Systems Corp. | 18,000 | 18,248 | ||||||
8.00%, 4/15/20 | 69,000 | 77,021 | ||||||
Calpine Corp. | 50,000 | 51,875 | ||||||
Calumet Specialty Products Partners L.P. | 75,000 | 65,250 | ||||||
Centene Corp. | 143,000 | 149,435 | ||||||
Cenveo Corp. | 59,000 | 50,150 | ||||||
Cequel Communications Holdings I LLC | 50,000 | 51,125 | ||||||
Chesapeake Energy Corp. | 50,000 | 46,750 | ||||||
Churchill Downs, Inc. | 50,000 | 52,125 | ||||||
Clean Harbors, Inc. | 50,000 | 51,188 | ||||||
Clear Channel Worldwide Holdings, Inc. | 23,000 | 22,971 | ||||||
CNH Industrial Capital LLC | 153,000 | 155,869 | ||||||
Community Health Systems, Inc. | 65,000 | 65,569 | ||||||
7.13%, 7/15/20 | 77,000 | 75,267 | ||||||
CSC Holdings LLC | 50,000 | 54,921 | ||||||
DISH DBS Corp. | 77,000 | 85,085 | ||||||
5.13%, 5/1/20 | 100,000 | 104,625 | ||||||
DPL, Inc. | 50,000 | 53,750 | ||||||
Dynegy, Inc. | 50,000 | 51,813 | ||||||
Fresenius Medical Care U.S. Finance II, Inc. | 50,000 | 52,750 | ||||||
Frontier Communications Corp. | 24,000 | 25,290 | ||||||
Gap, Inc. (The) | 50,000 | 54,244 | ||||||
GLP Capital L.P. | 139,000 | 142,822 | ||||||
HCA, Inc. | 134,000 | 144,083 | ||||||
5.88%, 3/15/22 | 50,000 | 55,562 | ||||||
HRG Group, Inc. | 140,000 | 143,535 | ||||||
Hughes Satellite Systems Corp. | 50,000 | 53,875 | ||||||
Huntsman International LLC | 92,000 | 97,290 | ||||||
Iron Mountain, Inc. | 43,000 | 44,613 | ||||||
KCG Holdings, Inc. | 100,000 | 103,562 | ||||||
Kindred Healthcare, Inc. | 50,000 | 52,750 | ||||||
MGM Resorts International | 69,000 | 76,245 | ||||||
6.75%, 10/1/20 | 112,000 | 124,365 | ||||||
Michaels Stores, Inc. | 122,000 | 125,050 | ||||||
Nationstar Mortgage LLC | 154,000 | 154,481 | ||||||
Navient Corp. | 47,000 | 48,998 | ||||||
8.00%, 3/25/20 | 145,000 | 162,400 | ||||||
Nielsen Finance LLC | 83,000 | 84,476 | ||||||
5.00%, 4/15/22(a) | 50,000 | 52,000 | ||||||
OneMain Financial Holdings LLC | 73,000 | 76,924 | ||||||
Pride International LLC | 100,000 | 103,000 | ||||||
PulteGroup, Inc. | 50,000 | 52,250 | ||||||
Rite Aid Corp. | 50,000 | 49,281 | ||||||
RR Donnelley & Sons Co. | 75,000 | 81,562 | ||||||
Scientific Games International, Inc. | 100,000 | 106,750 | ||||||
Select Medical Corp. | 50,000 | 51,625 | ||||||
Springleaf Finance Corp. | 96,000 | 100,090 | ||||||
Steel Dynamics, Inc. | 50,000 | 51,474 | ||||||
SUPERVALU, Inc. | 50,000 | 49,250 | ||||||
T-Mobile USA, Inc. | 100,000 | 107,250 | ||||||
TEGNA, Inc. | 50,000 | 51,500 | ||||||
TransDigm, Inc. | 148,000 | 151,145 | ||||||
TreeHouse Foods, Inc. | 50,000 | 51,875 | ||||||
Tronox Finance LLC | 50,000 | 50,250 |
See Notes to Financial Statements.
110 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
June 30, 2017
Investments | Principal Amount | Value | ||||||
United States Steel Corp. | $ | 50,000 | $ | 55,125 | ||||
Valeant Pharmaceuticals International | 125,000 | 121,719 | ||||||
6.75%, 8/15/21(a) | 50,000 | 47,750 | ||||||
WellCare Health Plans, Inc. | 50,000 | 52,500 | ||||||
Windstream Services LLC | 100,000 | 101,250 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 93.6% (Cost: $4,732,150) | 4,807,749 | |||||||
Cash and Other Assets in Excess of Liabilities – 6.4% |
| 331,146 | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,138,895 |
(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, 2017 | 111 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.1% | ||||||||
United States – 99.1% | ||||||||
Aerospace & Defense – 2.7% | ||||||||
Boeing Co. (The) | 161 | $ | 31,838 | |||||
Lockheed Martin Corp. | 388 | 107,712 | ||||||
|
| |||||||
Total Aerospace & Defense | 139,550 | |||||||
Air Freight & Logistics – 2.4% | ||||||||
Expeditors International of Washington, Inc. | 1,265 | 71,447 | ||||||
United Parcel Service, Inc. Class B | 492 | 54,410 | ||||||
|
| |||||||
Total Air Freight & Logistics | 125,857 | |||||||
Airlines – 0.6% | ||||||||
Delta Air Lines, Inc. | 567 | 30,471 | ||||||
Auto Components – 0.8% | ||||||||
Lear Corp. | 283 | 40,209 | ||||||
Automobiles – 0.7% | ||||||||
Harley-Davidson, Inc. | 624 | 33,708 | ||||||
Biotechnology – 1.1% | ||||||||
Amgen, Inc. | 162 | 27,901 | ||||||
Gilead Sciences, Inc. | 396 | 28,029 | ||||||
|
| |||||||
Total Biotechnology | 55,930 | |||||||
Communications Equipment – 3.4% | ||||||||
Arista Networks, Inc.* | 323 | 48,382 | ||||||
Harris Corp. | 405 | 44,177 | ||||||
InterDigital, Inc. | 429 | 33,162 | ||||||
Ubiquiti Networks, Inc.*(a) | 917 | 47,657 | ||||||
|
| |||||||
Total Communications Equipment | 173,378 | |||||||
Consumer Finance – 1.5% | ||||||||
Navient Corp. | 3,109 | 51,765 | ||||||
Santander Consumer USA Holdings, Inc.* | 1,875 | 23,925 | ||||||
|
| |||||||
Total Consumer Finance | 75,690 | |||||||
Containers & Packaging – 2.1% | ||||||||
Crown Holdings, Inc.* | 837 | 49,935 | ||||||
Graphic Packaging Holding Co. | 4,215 | 58,083 | ||||||
|
| |||||||
Total Containers & Packaging | 108,018 | |||||||
Diversified Consumer Services – 2.3% | ||||||||
H&R Block, Inc. | 3,821 | 118,107 | ||||||
Diversified Telecommunication Services – 2.4% | ||||||||
AT&T, Inc. | 1,699 | 64,103 | ||||||
CenturyLink, Inc.(a) | 883 | 21,086 | ||||||
Verizon Communications, Inc. | 841 | 37,559 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 122,748 | |||||||
Electric Utilities – 1.6% | ||||||||
PPL Corp. | 2,183 | 84,395 | ||||||
Electronic Equipment, Instruments & Components – 1.8% | ||||||||
Corning, Inc. | 1,686 | 50,664 | ||||||
Universal Display Corp. | 395 | 43,154 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 93,818 | |||||||
Equity Real Estate Investment Trusts (REITs) – 8.8% | ||||||||
Camden Property Trust | 1,063 | 90,897 | ||||||
Equity Residential | 1,625 | 106,974 | ||||||
Highwoods Properties, Inc. | 1,031 | 52,282 | ||||||
Lamar Advertising Co. Class A | 731 | 53,780 | ||||||
LaSalle Hotel Properties | 1,135 | 33,823 | ||||||
Rayonier, Inc. | 2,169 | 62,402 | ||||||
Weingarten Realty Investors | 1,694 | 50,989 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 451,147 | |||||||
Food Products – 3.8% | ||||||||
Hershey Co. (The) | 1,080 | 115,960 | ||||||
Hormel Foods Corp. | 1,389 | 47,379 | ||||||
Sanderson Farms, Inc. | 293 | 33,885 | ||||||
|
| |||||||
Total Food Products | 197,224 | |||||||
Health Care Providers & Services – 10.0% | ||||||||
DaVita, Inc.* | 533 | 34,517 | ||||||
HCA Healthcare, Inc.* | 1,339 | 116,761 | ||||||
HealthSouth Corp. | 2,669 | 129,179 | ||||||
Laboratory Corp. of America Holdings* | 250 | 38,535 | ||||||
MEDNAX, Inc.* | 1,292 | 77,998 | ||||||
Patterson Cos., Inc. | 808 | 37,936 | ||||||
Quest Diagnostics, Inc. | 385 | 42,796 | ||||||
Universal Health Services, Inc. Class B | 283 | 34,549 | ||||||
|
| |||||||
Total Health Care Providers & Services | 512,271 | |||||||
Hotels, Restaurants & Leisure – 3.0% | ||||||||
Cracker Barrel Old Country Store, Inc.(a) | 617 | 103,193 | ||||||
Wyndham Worldwide Corp. | 508 | 51,009 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 154,202 | |||||||
Household Durables – 1.7% | ||||||||
Leggett & Platt, Inc. | 1,014 | 53,265 | ||||||
Tupperware Brands Corp. | 509 | 35,747 | ||||||
|
| |||||||
Total Household Durables | 89,012 | |||||||
Household Products – 2.9% | ||||||||
Clorox Co. (The) | 616 | 82,076 | ||||||
Colgate-Palmolive Co. | 497 | 36,842 | ||||||
Kimberly-Clark Corp. | 244 | 31,503 | ||||||
|
| |||||||
Total Household Products | 150,421 | |||||||
Independent Power & Renewable Electricity Producers – 1.0% | ||||||||
NRG Yield, Inc. Class C | 2,869 | 50,494 | ||||||
Industrial Conglomerates – 1.2% | ||||||||
3M Co. | 298 | 62,041 | ||||||
Insurance – 6.4% | ||||||||
Aflac, Inc. | 740 | 57,483 | ||||||
American Financial Group, Inc. | 848 | 84,266 | ||||||
AmTrust Financial Services, Inc.(a) | 1,291 | 19,546 | ||||||
Assurant, Inc. | 729 | 75,590 | ||||||
CNO Financial Group, Inc. | 1,827 | 38,148 | ||||||
Primerica, Inc. | 363 | 27,497 | ||||||
Prudential Financial, Inc. | 256 | 27,684 | ||||||
|
| |||||||
Total Insurance | 330,214 | |||||||
Internet Software & Services – 4.3% | ||||||||
Alphabet, Inc. Class A* | 64 | 59,500 |
See Notes to Financial Statements.
112 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
June 30, 2017
Investments | Shares | Value | ||||||
eBay, Inc.* | 1,087 | $ | 37,958 | |||||
Facebook, Inc. Class A* | 528 | 79,717 | ||||||
Match Group, Inc.* | 2,471 | 42,946 | ||||||
|
| |||||||
Total Internet Software & Services | 220,121 | |||||||
IT Services – 1.7% | ||||||||
Paychex, Inc. | 877 | 49,936 | ||||||
Teradata Corp.* | 1,322 | 38,986 | ||||||
|
| |||||||
Total IT Services | 88,922 | |||||||
Life Sciences Tools & Services – 1.0% | ||||||||
PAREXEL International Corp.* | 588 | 51,103 | ||||||
Media – 1.5% | ||||||||
Omnicom Group, Inc. | 608 | 50,403 | ||||||
Sinclair Broadcast Group, Inc. Class A | 757 | 24,905 | ||||||
|
| |||||||
Total Media | 75,308 | |||||||
Multiline Retail – 1.1% | ||||||||
Nordstrom, Inc.(a) | 1,146 | 54,813 | ||||||
Oil, Gas & Consumable Fuels – 3.4% | ||||||||
Marathon Petroleum Corp. | 717 | 37,521 | ||||||
ONEOK, Inc. | 197 | 10,275 | ||||||
PBF Energy, Inc. Class A(a) | 1,666 | 37,085 | ||||||
Valero Energy Corp. | 999 | 67,393 | ||||||
Williams Cos., Inc. (The) | 762 | 23,073 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 175,347 | |||||||
Personal Products – 0.6% | ||||||||
Nu Skin Enterprises, Inc. Class A | 520 | 32,677 | ||||||
Pharmaceuticals – 0.5% | ||||||||
Akorn, Inc.* | 733 | 24,585 | ||||||
Professional Services – 0.5% | ||||||||
Robert Half International, Inc. | 530 | 25,403 | ||||||
Semiconductors & Semiconductor Equipment – 7.9% | ||||||||
Advanced Energy Industries, Inc.* | 595 | 38,491 | ||||||
Applied Materials, Inc. | 962 | 39,740 | ||||||
Cirrus Logic, Inc.* | 2,553 | 160,124 | ||||||
KLA-Tencor Corp. | 395 | 36,146 | ||||||
Maxim Integrated Products, Inc. | 959 | 43,059 | ||||||
NVIDIA Corp. | 360 | 52,042 | ||||||
Texas Instruments, Inc. | 506 | 38,927 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 408,529 | |||||||
Software – 5.6% | ||||||||
Adobe Systems, Inc.* | 377 | 53,323 | ||||||
Citrix Systems, Inc.* | 497 | 39,551 | ||||||
Intuit, Inc. | 389 | 51,663 | ||||||
Manhattan Associates, Inc.* | 805 | 38,688 | ||||||
Paycom Software, Inc.* | 751 | 51,376 | ||||||
Symantec Corp. | 1,919 | 54,212 | ||||||
|
| |||||||
Total Software | 288,813 | |||||||
Specialty Retail – 3.5% | ||||||||
Home Depot, Inc. (The) | 353 | 54,150 | ||||||
Murphy USA, Inc.* | 1,373 | 101,753 | ||||||
Office Depot, Inc. | 4,099 | 23,119 | ||||||
|
| |||||||
Total Specialty Retail | 179,022 | |||||||
Textiles, Apparel & Luxury Goods – 1.9% | ||||||||
Hanesbrands, Inc. | 4,197 | 97,203 | ||||||
Thrifts & Mortgage Finance – 0.4% | ||||||||
MGIC Investment Corp.* | 2,003 | 22,434 | ||||||
Tobacco – 0.6% | ||||||||
Philip Morris International, Inc. | 280 | 32,886 | ||||||
Trading Companies & Distributors – 2.4% | ||||||||
Fastenal Co. | 819 | 35,651 | ||||||
GATX Corp. | 437 | 28,086 | ||||||
Watsco, Inc. | 381 | 58,750 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 122,487 | |||||||
TOTAL COMMON STOCKS (Cost: $4,880,210) | 5,098,558 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.4% | ||||||||
United States – 4.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(b) | ||||||||
(Cost: $226,270)(c) | 226,270 | 226,270 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 103.5% (Cost: $5,106,480) | 5,324,828 | |||||||
Liabilities in Excess of Cash and Other Assets – (3.5)% |
| (181,229 | ) | |||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,143,599 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of June 30, 2017. |
(c) | At June 30, 2017, the total market value of the Fund’s securities on loan was $254,918 and the total market value of the collateral held by the Fund was $261,089. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $34,819. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||
TOTAL RETURN SWAPS – SHORT EXPOSURE TO REFERENCE ENTITY | ||||||||||||||||||
Counterparty | Termination Date | Notional Amount | Fund Receives Floating Rate (per annum) | Fund Return of | Unrealized Appreciation/ (Depreciation) | |||||||||||||
BAML | 11/2/17 | $ | 1,406,064 | 1M LIBOR+ 0.10% | S&P 500 Index | $ | 8,437 | |||||||||||
BAML | 4/3/18 | 56,430 | 1M LIBOR+ 0.29% | S&P 500 Index | 346 | |||||||||||||
BAML | 5/2/18 | 479,661 | 1M LIBOR+ 0.18% | S&P 500 Index | 2,906 | |||||||||||||
BAML | 6/4/18 | 611,302 | 1M LIBOR+ 0.30% | S&P 500 Index | 3,727 | |||||||||||||
MSCO | 11/2/17 | 1,453,090 | 1M LIBOR+ 0.10% | S&P 500 Index | 8,719 | |||||||||||||
MSCO | 5/2/18 | 489,066 | 1M LIBOR+ 0.26% | S&P 500 Index | 2,991 | |||||||||||||
MSCO | 6/4/18 | 611,302 | 1M LIBOR+ 0.20% | S&P 500 Index | 3,638 | |||||||||||||
$ | 30,764 | |||||||||||||||||
1M LIBOR – 1-Month London Interbank Offered Rate BAML – Bank of America Merrill Lynch MSCO – Morgan Stanley & Co. |
|
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 113 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
June 30, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.5% | ||||||||
United States – 99.5% | ||||||||
Aerospace & Defense – 2.8% | ||||||||
Boeing Co. (The) | 1,864 | $ | 368,606 | |||||
Lockheed Martin Corp. | 3,920 | 1,088,231 | ||||||
|
| |||||||
Total Aerospace & Defense | 1,456,837 | |||||||
Air Freight & Logistics – 2.5% | ||||||||
Expeditors International of Washington, Inc. | 12,537 | 708,090 | ||||||
United Parcel Service, Inc. Class B | 5,524 | 610,899 | ||||||
|
| |||||||
Total Air Freight & Logistics | 1,318,989 | |||||||
Airlines – 0.6% | ||||||||
Delta Air Lines, Inc. | 5,642 | 303,201 | ||||||
Auto Components – 0.8% | ||||||||
Lear Corp. | 2,844 | 404,076 | ||||||
Automobiles – 0.7% | ||||||||
Harley-Davidson, Inc. | 7,372 | 398,235 | ||||||
Biotechnology – 1.2% | ||||||||
Amgen, Inc. | 1,715 | 295,374 | ||||||
Gilead Sciences, Inc. | 4,937 | 349,441 | ||||||
|
| |||||||
Total Biotechnology | 644,815 | |||||||
Communications Equipment – 3.4% | ||||||||
Arista Networks, Inc.* | 3,274 | 490,412 | ||||||
Harris Corp. | 4,240 | 462,499 | ||||||
InterDigital, Inc. | 4,442 | 343,367 | ||||||
Ubiquiti Networks, Inc.*(a) | 9,646 | 501,303 | ||||||
|
| |||||||
Total Communications Equipment | 1,797,581 | |||||||
Consumer Finance – 1.5% | ||||||||
Navient Corp. | 31,598 | 526,107 | ||||||
Santander Consumer USA Holdings, Inc.* | 19,716 | 251,576 | ||||||
|
| |||||||
Total Consumer Finance | 777,683 | |||||||
Containers & Packaging – 2.1% | ||||||||
Crown Holdings, Inc.* | 8,689 | 518,386 | ||||||
Graphic Packaging Holding Co. | 43,565 | 600,325 | ||||||
|
| |||||||
Total Containers & Packaging | 1,118,711 | |||||||
Diversified Consumer Services – 2.3% | ||||||||
H&R Block, Inc. | 38,844 | 1,200,668 | ||||||
Diversified Telecommunication Services – 2.4% | ||||||||
AT&T, Inc. | 16,859 | 636,090 | ||||||
CenturyLink, Inc.(a) | 8,117 | 193,834 | ||||||
Verizon Communications, Inc. | 9,637 | 430,388 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 1,260,312 | |||||||
Electric Utilities – 1.7% | ||||||||
PPL Corp. | 22,647 | 875,533 | ||||||
Electronic Equipment, Instruments & Components – 1.8% | ||||||||
Corning, Inc. | 16,686 | 501,414 | ||||||
Universal Display Corp. | 3,980 | 434,815 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 936,229 | |||||||
Equity Real Estate Investment Trusts (REITs) – 8.8% | ||||||||
Camden Property Trust | 10,805 | 923,936 | ||||||
Equity Residential | 17,134 | 1,127,931 | ||||||
Highwoods Properties, Inc. | 10,284 | 521,502 | ||||||
Lamar Advertising Co. Class A | 7,320 | 538,532 | ||||||
LaSalle Hotel Properties | 11,474 | 341,925 | ||||||
Rayonier, Inc. | 21,902 | 630,121 | ||||||
Weingarten Realty Investors | 18,535 | 557,903 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 4,641,850 | |||||||
Food Products – 3.8% | ||||||||
Hershey Co. (The) | 11,007 | 1,181,822 | ||||||
Hormel Foods Corp. | 14,310 | 488,114 | ||||||
Sanderson Farms, Inc. | 2,905 | 335,963 | ||||||
|
| |||||||
Total Food Products | 2,005,899 | |||||||
Health Care Providers & Services – 9.9% | ||||||||
DaVita, Inc.* | 5,250 | 339,990 | ||||||
HCA Healthcare, Inc.* | 13,429 | 1,171,009 | ||||||
HealthSouth Corp. | 27,387 | 1,325,531 | ||||||
Laboratory Corp. of America Holdings* | 2,489 | 383,655 | ||||||
MEDNAX, Inc.* | 13,993 | 844,757 | ||||||
Patterson Cos., Inc. | 8,054 | 378,135 | ||||||
Quest Diagnostics, Inc. | 3,902 | 433,746 | ||||||
Universal Health Services, Inc. Class B | 2,860 | 349,149 | ||||||
|
| |||||||
Total Health Care Providers & Services | 5,225,972 | |||||||
Hotels, Restaurants & Leisure – 2.9% | ||||||||
Cracker Barrel Old Country Store, Inc.(a) | 6,300 | 1,053,675 | ||||||
Wyndham Worldwide Corp. | 4,897 | 491,708 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 1,545,383 | |||||||
Household Durables – 1.7% | ||||||||
Leggett & Platt, Inc. | 9,788 | 514,164 | ||||||
Tupperware Brands Corp. | 5,217 | 366,390 | ||||||
|
| |||||||
Total Household Durables | 880,554 | |||||||
Household Products – 3.0% | ||||||||
Clorox Co. (The) | 6,228 | 829,819 | ||||||
Colgate-Palmolive Co. | 5,467 | 405,269 | ||||||
Kimberly-Clark Corp. | 2,613 | 337,364 | ||||||
|
| |||||||
Total Household Products | 1,572,452 | |||||||
Independent Power & Renewable Electricity Producers – 1.0% | ||||||||
NRG Yield, Inc. Class C | 28,842 | 507,619 | ||||||
Industrial Conglomerates – 1.1% | ||||||||
3M Co. | 2,915 | 606,874 | ||||||
Insurance – 6.4% | ||||||||
Aflac, Inc. | 7,571 | 588,115 | ||||||
American Financial Group, Inc. | 8,370 | 831,727 | ||||||
AmTrust Financial Services, Inc.(a) | 16,403 | 248,342 | ||||||
Assurant, Inc. | 7,407 | 768,032 | ||||||
CNO Financial Group, Inc. | 18,880 | 394,214 | ||||||
Primerica, Inc. | 3,737 | 283,078 | ||||||
Prudential Financial, Inc. | 2,708 | 292,843 | ||||||
|
| |||||||
Total Insurance | 3,406,351 | |||||||
Internet Software & Services – 4.4% | ||||||||
Alphabet, Inc. Class A* | 650 | 604,292 |
See Notes to Financial Statements.
114 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
June 30, 2017
Investments | Shares | Value | ||||||
eBay, Inc.* | 11,418 | $ | 398,716 | |||||
Facebook, Inc. Class A* | 5,659 | 854,396 | ||||||
Match Group, Inc.* | 25,465 | 442,582 | ||||||
|
| |||||||
Total Internet Software & Services | 2,299,986 | |||||||
IT Services – 1.8% | ||||||||
Paychex, Inc. | 9,410 | 535,806 | ||||||
Teradata Corp.* | 13,937 | 411,002 | ||||||
|
| |||||||
Total IT Services | 946,808 | |||||||
Life Sciences Tools & Services – 1.0% | ||||||||
PAREXEL International Corp.* | 6,102 | 530,325 | ||||||
Media – 1.4% | ||||||||
Omnicom Group, Inc. | 5,954 | 493,586 | ||||||
Sinclair Broadcast Group, Inc. Class A | 7,523 | 247,507 | ||||||
|
| |||||||
Total Media | 741,093 | |||||||
Multiline Retail – 1.1% | ||||||||
Nordstrom, Inc.(a) | 12,615 | 603,375 | ||||||
Oil, Gas & Consumable Fuels – 3.4% | ||||||||
Marathon Petroleum Corp. | 6,768 | 354,169 | ||||||
ONEOK, Inc. | 2,985 | 155,698 | ||||||
PBF Energy, Inc. Class A(a) | 16,365 | 364,285 | ||||||
Valero Energy Corp. | 10,607 | 715,548 | ||||||
Williams Cos., Inc. (The) | 6,975 | 211,203 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 1,800,903 | |||||||
Personal Products – 0.6% | ||||||||
Nu Skin Enterprises, Inc. Class A | 5,329 | 334,874 | ||||||
Pharmaceuticals – 0.5% | ||||||||
Akorn, Inc.* | 7,250 | 243,165 | ||||||
Professional Services – 0.5% | ||||||||
Robert Half International, Inc. | 5,358 | 256,809 | ||||||
Semiconductors & Semiconductor Equipment – 7.9% | ||||||||
Advanced Energy Industries, Inc.* | 5,958 | 385,423 | ||||||
Applied Materials, Inc. | 9,310 | 384,596 | ||||||
Cirrus Logic, Inc.* | 26,149 | 1,640,065 | ||||||
KLA-Tencor Corp. | 3,962 | 362,563 | ||||||
Maxim Integrated Products, Inc. | 9,526 | 427,717 | ||||||
NVIDIA Corp. | 3,716 | 537,185 | ||||||
Texas Instruments, Inc. | 5,847 | 449,810 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 4,187,359 | |||||||
Software – 5.6% | ||||||||
Adobe Systems, Inc.* | 3,914 | 553,596 | ||||||
Citrix Systems, Inc.* | 5,204 | 414,135 | ||||||
Intuit, Inc. | 3,912 | 519,553 | ||||||
Manhattan Associates, Inc.* | 8,369 | 402,214 | ||||||
Paycom Software, Inc.* | 7,600 | 519,916 | ||||||
Symantec Corp. | 19,813 | 559,717 | ||||||
|
| |||||||
Total Software | 2,969,131 | |||||||
Specialty Retail – 3.6% | ||||||||
Home Depot, Inc. (The) | 4,000 | 613,600 | ||||||
Murphy USA, Inc.* | 14,026 | 1,039,467 | ||||||
Office Depot, Inc. | 41,963 | 236,671 | ||||||
|
| |||||||
Total Specialty Retail | 1,889,738 | |||||||
Textiles, Apparel & Luxury Goods – 1.9% | ||||||||
Hanesbrands, Inc. | 42,674 | 988,330 | ||||||
Thrifts & Mortgage Finance – 0.4% | ||||||||
MGIC Investment Corp.* | 21,031 | 235,547 | ||||||
Tobacco – 0.6% | ||||||||
Philip Morris International, Inc. | 2,906 | 341,310 | ||||||
Trading Companies & Distributors – 2.4% | ||||||||
Fastenal Co. | 9,156 | 398,561 | ||||||
GATX Corp. | 4,368 | 280,731 | ||||||
Watsco, Inc. | 3,778 | 582,568 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 1,261,860 | |||||||
TOTAL COMMON STOCKS (Cost: $49,963,456) | 52,516,437 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5% | ||||||||
United States – 4.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.02%(b) | ||||||||
(Cost: $2,399,393)(c) | 2,399,393 | 2,399,393 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 104.0% (Cost: $52,362,849) | 54,915,830 | |||||||
Liabilities in Excess of Cash and Other Assets – (4.0)% |
| (2,118,540 | ) | |||||
|
| |||||||
NET ASSETS – 100.0% | $ | 52,797,290 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at June 30, 2017 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of June 30, 2017. |
(c) | At June 30, 2017, the total market value of the Fund’s securities on loan was $2,592,027 and the total market value of the collateral held by the Fund was $2,653,228. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $253,835. |
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/ (Depreciation) | |||||||||||||
BAML | 6/4/18 | $ | 11,605,328 | 1M LIBOR+ 0.30% | S&P 500 Index | $ | 72,094 | |||||||||||
BAML | 6/4/18 | 1,116,731 | 1M LIBOR+ 0.20% | S&P 500 Index | 4,291 | |||||||||||||
BAML | 7/3/18 | 368,988 | 1M LIBOR+ 0.31% | S&P 500 Index | (603 | ) | ||||||||||||
MSCO | 6/4/18 | 11,605,328 | 1M LIBOR+ 0.20% | S&P 500 Index | 70,207 | |||||||||||||
MSCO | 6/4/18 | 1,116,731 | 1M LIBOR+ 0.25% | S&P 500 Index | 4,114 | |||||||||||||
MSCO | 7/3/18 | 368,987 | 1M LIBOR+ 0.20% | S&P 500 Index | (603 | ) | ||||||||||||
$ | 149,500 | |||||||||||||||||
1M LIBOR – 1-Month London Interbank Offered Rate BAML – Bank of America Merrill Lynch MSCO – Morgan Stanley & Co. |
|
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 115 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Trust
June 30, 2017
WisdomTree Dynamic Currency Hedged Europe Equity Fund | WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree Dynamic Currency Hedged Japan Equity Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 1,258,823 | $ | 414,456,895 | $ | — | $ | 2,818,127 | $ | 2,489,271 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | — | 1,987,219 | — | — | |||||||||||||||
Foreign currency, at cost | 895 | 118,783 | 205 | 520 | 1,641 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 1,477,084 | 452,253,589 | — | 3,081,195 | 2,755,004 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | — | 2,329,087 | — | — | |||||||||||||||
Cash | 251 | 192,272 | 1,029 | 1,989 | 1,817 | |||||||||||||||
Foreign currency, at value | 901 | 119,130 | 209 | 521 | 1,644 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 3 | 1,333,365 | 3,570 | 9,822 | 38,836 | |||||||||||||||
Receivables: |
| |||||||||||||||||||
Corporate action proceeds | — | — | — | 2,026 | — | |||||||||||||||
Investment securities sold | 2,144 | — | 7,938 | — | — | |||||||||||||||
Dividends and interest | 771 | 1,179,492 | — | 4,186 | 4,444 | |||||||||||||||
Foreign tax reclaims | 3,979 | 532,165 | — | 529 | 551 | |||||||||||||||
Total Assets | 1,485,133 | 455,610,013 | 2,341,833 | 3,100,268 | 2,802,296 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 6,197 | 2,179,040 | 10,533 | 16,537 | 70 | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral for securities loaned (Note 2) | 15,009 | 2,333,800 | — | 70,484 | 7,961 | |||||||||||||||
Investment securities purchased | — | — | — | — | 36,342 | |||||||||||||||
Advisory fees (Note 3) | 527 | 131,045 | 194 | 1,035 | 970 | |||||||||||||||
Service fees (Note 2) | 5 | 1,647 | 8 | 11 | 10 | |||||||||||||||
Total Liabilities | 21,738 | 4,645,532 | 10,735 | 88,067 | 45,353 | |||||||||||||||
NET ASSETS | $ | 1,463,395 | $ | 450,964,481 | $ | 2,331,098 | $ | 3,012,201 | $ | 2,756,943 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 1,246,835 | $ | 422,388,233 | $ | 1,989,689 | $ | 2,778,986 | $ | 2,612,745 | ||||||||||
Undistributed (Distributions in excess of) net investment income | — | (889,776 | ) | — | 3,607 | 58,627 | ||||||||||||||
Accumulated net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 4,413 | (7,516,043 | ) | 6,500 | (26,801 | ) | (218,899 | ) | ||||||||||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 212,147 | 36,982,067 | 334,909 | 256,409 | 304,470 | |||||||||||||||
NET ASSETS | $ | 1,463,395 | $ | 450,964,481 | $ | 2,331,098 | $ | 3,012,201 | $ | 2,756,943 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 50,004 | 15,950,004 | 100,005 | 100,004 | 100,004 | |||||||||||||||
Net asset value per share | $ | 29.27 | $ | 28.27 | $ | 23.31 | $ | 30.12 | $ | 27.57 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 23,863 | $ | 4,009,909 | — | $ | 80,353 | $ | 7,586 | |||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
|
See Notes to Financial Statements.
116 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Trust
June 30, 2017
WisdomTree Emerging Markets Dividend Fund | WisdomTree Europe Domestic Economy Fund | WisdomTree Global ex-Mexico Equity Fund | WisdomTree Global Hedged SmallCap Dividend Fund | WisdomTree Global SmallCap Dividend Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 10,935,432 | $ | 2,669,568 | $ | 50,930,483 | $ | 1,086,750 | $ | 23,896,566 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | — | — | 18,738,923 | — | |||||||||||||||
Foreign currency, at cost | 15,332 | 1,173 | 9,209 | 228 | 16,540 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 11,840,646 | 2,803,765 | 51,010,133 | 1,086,750 | 28,883,711 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | — | — | 24,468,302 | — | |||||||||||||||
Cash | 1,125 | 1,698 | 74,262 | 34,963 | 5,001 | |||||||||||||||
Foreign currency, at value | 15,317 | 1,175 | 9,315 | 232 | 16,566 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | — | — | 1 | 73,124 | — | |||||||||||||||
Receivables: |
| |||||||||||||||||||
Investment securities sold | 13,840 | — | 178,792 | 20,071 | — | |||||||||||||||
Dividends and interest | 83,491 | 325 | 36,453 | 1,106 | 55,811 | |||||||||||||||
Foreign tax reclaims | — | 1,541 | 864 | — | 4,595 | |||||||||||||||
Total Assets | 11,954,419 | 2,808,504 | 51,309,820 | 25,684,548 | 28,965,684 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Unrealized depreciation on foreign currency contracts | — | — | 20 | 125,011 | 8 | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral for securities loaned (Note 2) | 65,112 | 27,023 | 121,995 | 1,086,750 | 1,394,805 | |||||||||||||||
Investment securities purchased | — | — | 140,042 | — | — | |||||||||||||||
Advisory fees (Note 3) | 3,143 | 723 | 5,543 | — | 9,782 | |||||||||||||||
Service fees (Note 2) | 44 | 7 | 81 | 88 | 100 | |||||||||||||||
Foreign capital gains tax | 707 | — | — | — | — | |||||||||||||||
Total Liabilities | 69,006 | 27,753 | 267,681 | 1,211,849 | 1,404,695 | |||||||||||||||
NET ASSETS | $ | 11,885,413 | $ | 2,780,751 | $ | 51,042,139 | $ | 24,472,699 | $ | 27,560,989 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 10,924,182 | $ | 2,736,571 | $ | 50,951,859 | $ | 19,365,380 | $ | 22,946,422 | ||||||||||
Undistributed (Distributions in excess of) net investment income | 80,803 | 1,531 | 45,485 | (3,844 | ) | 72,662 | ||||||||||||||
Accumulated net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | (24,092 | ) |
| (91,571 | ) | (35,069 | ) | (566,333 | ) | (445,538 | ) | |||||||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 904,520 | 134,220 | 79,864 | 5,677,496 | 4,987,443 | |||||||||||||||
NET ASSETS | $ | 11,885,413 | $ | 2,780,751 | $ | 51,042,139 | $ | 24,472,699 | $ | 27,560,989 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 400,004 | 100,004 | 1,900,004 | 1,000,005 | 900,004 | |||||||||||||||
Net asset value per share | $ | 29.71 | $ | 27.81 | $ | 26.86 | $ | 24.47 | $ | 30.62 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 79,304 | $ | 38,825 | $ | 159,325 | $ | 1,060,530 | $ | 1,627,047 | ||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
|
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 117 |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Trust
June 30, 2017
WisdomTree Strong Dollar Emerging Markets Equity Fund | WisdomTree U.S. Domestic Economy Fund | WisdomTree U.S. Export and Multinational Fund | WisdomTree Fundamental U.S. Corporate Bond Fund | WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | ||||||||||||||||
ASSETS: |
| |||||||||||||||||||
Investments, at cost | $ | 5,031,239 | $ | 2,087,127 | $ | 677,065 | $ | 4,933,067 | $ | 4,921,266 | ||||||||||
Foreign currency, at cost | 4,639 | — | — | — | — | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 5,656,066 | 2,141,313 | 728,525 | 4,920,608 | 5,107,585 | |||||||||||||||
Cash | 5,125 | 206 | 99 | 96,169 | 43,585 | |||||||||||||||
Foreign currency, at value | 4,646 | — | — | — | — | |||||||||||||||
Receivables: |
| |||||||||||||||||||
Investment securities sold | — | — | 1,959 | — | — | |||||||||||||||
Dividends and interest | 8,540 | 3,061 | 1,072 | 53,575 | 79,470 | |||||||||||||||
Total Assets | 5,674,377 | 2,144,580 | 731,655 | 5,070,352 | 5,230,640 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Payables: |
| |||||||||||||||||||
Cash collateral for securities loaned (Note 2) | 93,741 | 9,621 | — | — | — | |||||||||||||||
Investment securities purchased | — | — | 1,871 | 81,950 | — | |||||||||||||||
Advisory fees (Note 3) | 2,612 | 581 | 200 | 740 | 1,641 | |||||||||||||||
Service fees (Note 2) | 20 | 8 | 3 | 18 | 19 | |||||||||||||||
Total Liabilities | 96,373 | 10,210 | 2,074 | 82,708 | 1,660 | |||||||||||||||
NET ASSETS | $ | 5,578,004 | $ | 2,134,370 | $ | 729,581 | $ | 4,987,644 | $ | 5,228,980 | ||||||||||
NET ASSETS: |
| |||||||||||||||||||
Paid-in capital | $ | 4,657,530 | $ | 2,151,530 | $ | 732,126 | $ | 4,998,703 | $ | 4,998,967 | ||||||||||
Undistributed net investment income | 66,012 | 4,446 | 458 | 7,417 | 3,432 | |||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency related transactions | 229,657 | (75,792 | ) | (54,463 | ) | (6,017 | ) | 40,262 | ||||||||||||
Net unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies | 624,805 | 54,186 | 51,460 | (12,459 | ) | 186,319 | ||||||||||||||
NET ASSETS | $ | 5,578,004 | $ | 2,134,370 | $ | 729,581 | $ | 4,987,644 | $ | 5,228,980 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 200,004 | 75,000 | 25,000 | 100,002 | 100,002 | |||||||||||||||
Net asset value per share | $ | 27.89 | $ | 28.46 | $ | 29.18 | $ | 49.88 | $ | 52.29 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 148,669 | $ | 14,750 | $ | 874 | — | — | ||||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
|
See Notes to Financial Statements.
118 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree Trust
June 30, 2017
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 | WisdomTree Dynamic Long/Short U.S. Equity Fund | |||||||||||||
ASSETS: |
| |||||||||||||||
Investments, at cost | $ | 4,936,898 | $ | 4,732,150 | $ | 5,106,480 | $ | 52,362,849 | ||||||||
Investments in securities, at value1,2 (Note 2) | 4,929,683 | 4,807,749 | 5,324,828 | 54,915,830 | ||||||||||||
Cash | 82,091 | 252,253 | 9,377 | 73,586 | ||||||||||||
Unrealized appreciation on swap contracts | — | — | 30,764 | 150,706 | ||||||||||||
Receivables: |
| |||||||||||||||
Capital shares sold | — | — | — | 1,508,470 | ||||||||||||
Dividends and interest | 46,843 | 80,521 | 6,937 | 68,676 | ||||||||||||
Total Assets | 5,058,617 | 5,140,523 | 5,371,906 | 56,717,268 | ||||||||||||
LIABILITIES: |
| |||||||||||||||
Unrealized depreciation on swap contracts | — | — | — | 1,206 | ||||||||||||
Payables: |
| |||||||||||||||
Cash collateral for securities loaned (Note 2) | — | — | 226,270 | 2,399,393 | ||||||||||||
Investment securities purchased | 63,602 | — | — | 1,499,622 | ||||||||||||
Advisory fees (Note 3) | 740 | 1,609 | 2,019 | 19,578 | ||||||||||||
Service fees (Note 2) | 18 | 19 | 18 | 179 | ||||||||||||
Total Liabilities | 64,360 | 1,628 | 228,307 | 3,919,978 | ||||||||||||
NET ASSETS | $ | 4,994,257 | $ | 5,138,895 | $ | 5,143,599 | $ | 52,797,290 | ||||||||
NET ASSETS: |
| |||||||||||||||
Paid-in capital | $ | 5,000,791 | $ | 4,999,958 | $ | 6,029,449 | $ | 50,325,088 | ||||||||
Undistributed net investment income/(Accumulated net investment loss) | 3,523 | 1,693 | (449,873 | ) | 306,456 | |||||||||||
Accumulated net realized gain (loss) on investments and swap contracts | (2,842 | ) | 61,645 | (685,089 | ) | (536,735 | ) | |||||||||
Net unrealized appreciation (depreciation) on investments and swap contracts | (7,215 | ) | 75,599 | 249,112 | 2,702,481 | |||||||||||
NET ASSETS | $ | 4,994,257 | $ | 5,138,895 | $ | 5,143,599 | $ | 52,797,290 | ||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 100,002 | 100,002 | 200,004 | 1,750,004 | ||||||||||||
Net asset value per share | $ | 49.94 | $ | 51.39 | $ | 25.72 | $ | 30.17 | ||||||||
1 Includes market value of securities out on loan of: | — | — | $ | 254,918 | $ | 2,592,027 | ||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
|
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 119 |
Table of Contents
WisdomTree Trust
For the Year or Period Ended June 30, 2017
WisdomTree Dynamic Currency Hedged Europe Equity Fund | WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund1 | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree Dynamic Currency Hedged Japan Equity Fund | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends2 | $ | 86,917 | $ | 13,216,643 | $ | — | $ | 67,385 | $ | 84,885 | ||||||||||
Dividends from affiliates (Note 3) | — | — | 33,123 | — | — | |||||||||||||||
Securities lending income (Note 2) | 993 | 157,412 | — | 1,478 | 333 | |||||||||||||||
Total investment income | 87,910 | 13,374,055 | 33,123 | 68,863 | 85,218 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 18,414 | 1,328,928 | 8,239 | 9,203 | 21,080 | |||||||||||||||
Service fees (Note 2) | 169 | 14,618 | 62 | 84 | 193 | |||||||||||||||
Total expenses | 18,583 | 1,343,546 | 8,301 | 9,287 | 21,273 | |||||||||||||||
Expense waivers (Note 3) | (1,918 | ) | (166,116 | ) | (6,818 | ) | (959 | ) | (2,196 | ) | ||||||||||
Net expenses | 16,665 | 1,177,430 | 1,483 | 8,328 | 19,077 | |||||||||||||||
Net investment income | 71,245 | 12,196,625 | 31,640 | 60,535 | 66,141 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions3 | (12,503 | ) | (2,742,483 | ) | — | 34,376 | 9,621 | |||||||||||||
Investment transactions in affiliates (Note 3) | — | — | 8,736 | — | — | |||||||||||||||
In-kind redemptions | 519,338 | 7,085,987 | — | 89,964 | 574,024 | |||||||||||||||
Foreign currency contracts and foreign currency related transactions | 177,932 | 2,594,601 | (19,668 | ) | 39,280 | (27,334 | ) | |||||||||||||
Net realized gain (loss) | 684,767 | 6,938,105 | (10,932 | ) | 163,620 | 556,311 | ||||||||||||||
Net change in unrealized appreciation (depreciation) from: |
| |||||||||||||||||||
Investment transactions | 201,695 | 46,631,748 | 341,868 | 257,738 | 178,935 | |||||||||||||||
Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (12,791 | ) | (2,543,616 | ) | (6,959 | ) | (1,619 | ) | 226,767 | |||||||||||
Net change in unrealized appreciation (depreciation) | 188,904 | 44,088,132 | 334,909 | 256,119 | 405,702 | |||||||||||||||
Net realized and unrealized gain on investments | 873,671 | 51,026,237 | 323,977 | 419,739 | 962,013 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 944,916 | $ | 63,222,862 | $ | 355,617 | $ | 480,274 | $ | 1,028,154 | ||||||||||
1 For the period November 3, 2016 (commencement of operations) through June 30, 2017. |
| |||||||||||||||||||
2 Net of foreign withholding tax of: | $ | 14,297 | $ | 1,161,781 | — | $ | 7,957 | $ | 15,735 | |||||||||||
3 Net of foreign capital gains tax withheld of: | — | — | — | $ | 483 | — |
See Notes to Financial Statements.
120 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Statements of Operations (continued)
WisdomTree Trust
For the Year or Period Ended June 30, 2017
WisdomTree Emerging Markets Dividend Fund | WisdomTree Europe Domestic Economy Fund | WisdomTree Global ex-Mexico Equity Fund1 | WisdomTree Global Hedged SmallCap Dividend Fund | WisdomTree Global SmallCap Dividend Fund | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends2 | $ | 234,682 | $ | 68,032 | $ | 64,468 | $ | — | $ | 845,280 | ||||||||||
Dividends from affiliates (Note 3) | — | — | — | 721,188 | — | |||||||||||||||
Securities lending income (Note 2) | 697 | 2,455 | 142 | 4,157 | 15,634 | |||||||||||||||
Total investment income | 235,379 | 70,487 | 64,610 | 725,345 | 860,914 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 20,319 | 17,513 | 9,228 | 104,930 | 115,890 | |||||||||||||||
Service fees (Note 2) | 279 | 133 | 116 | 1,073 | 1,186 | |||||||||||||||
Total expenses | 20,598 | 17,646 | 9,344 | 106,003 | 117,076 | |||||||||||||||
Expense waivers (Note 3) | — | (3,020 | ) | (1,318 | ) | (104,930 | ) | — | ||||||||||||
Net expenses | 20,598 | 14,626 | 8,026 | 1,073 | 117,076 | |||||||||||||||
Net investment income | 214,781 | 55,861 | 56,584 | 724,272 | 743,838 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions3 | (11,872 | ) | (32,136 | ) | (30,130 | ) | — | (257,651 | ) | |||||||||||
Investment transactions in affiliates (Note 3) | — | — | — | 121,963 | — | |||||||||||||||
In-kind redemptions | — | 217,711 | — | — | 4,913,914 | |||||||||||||||
In-kind redemptions in affiliates (Note 3) | — | — | — | 3,328,321 | — | |||||||||||||||
Futures contracts | — | — | — | — | (15,303 | ) | ||||||||||||||
Foreign currency contracts and foreign currency related transactions | 4,318 | 260 | (1,538 | ) | (104,853 | ) | (4,722 | ) | ||||||||||||
Net realized gain (loss) | (7,554 | ) | 185,835 | (31,668 | ) | 3,345,431 | 4,636,238 | |||||||||||||
Net change in unrealized appreciation (depreciation) from: | ||||||||||||||||||||
Investment transactions4 | 817,510 | 664,355 | 79,650 | 841,785 | 51,913 | |||||||||||||||
Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (6 | ) | 103 | 214 | 306,617 | 711 | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 817,504 | 664,458 | 79,864 | 1,148,402 | 52,624 | |||||||||||||||
Net realized and unrealized gain on investments | 809,950 | 850,293 | 48,196 | 4,493,833 | 4,688,862 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 1,024,731 | $ | 906,154 | $ | 104,780 | $ | 5,218,105 | $ | 5,432,700 | ||||||||||
1 For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
| |||||||||||||||||||
2 Net of foreign withholding tax of: | $ | 30,736 | $ | 15,020 | $ | 4,021 | — | $ | 54,382 | |||||||||||
3 Net of foreign capital gains tax withheld of: | $ | 127 | — | — | — | — | ||||||||||||||
4 Net of foreign capital gain taxes of: | $ | (413 | ) | — | — | — | — |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 121 |
Table of Contents
Statements of Operations (continued)
WisdomTree Trust
For the Year Ended June 30, 2017
WisdomTree Strong Dollar Emerging Markets Equity Fund | WisdomTree U.S. Domestic Economy Fund | WisdomTree U.S. Export and Multinational Fund | WisdomTree Fundamental U.S. Corporate Bond Fund | WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends1 | $ | 177,681 | $ | 29,952 | $ | 22,235 | $ | — | $ | — | ||||||||||
Interest | — | — | — | 145,603 | 299,804 | |||||||||||||||
Securities lending income (Note 2) | 1,452 | 175 | 191 | — | — | |||||||||||||||
Total investment income | 179,133 | 30,127 | 22,426 | 145,603 | 299,804 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 49,643 | 5,107 | 4,101 | 13,931 | 24,970 | |||||||||||||||
Service fees (Note 2) | 377 | 68 | 55 | 219 | 229 | |||||||||||||||
Total expenses | 50,020 | 5,175 | 4,156 | 14,150 | 25,199 | |||||||||||||||
Expense waivers (Note 3) | (40 | ) | — | — | (4,976 | ) | (5,202 | ) | ||||||||||||
Net expenses | 49,980 | 5,175 | 4,156 | 9,174 | 19,997 | |||||||||||||||
Net investment income | 129,153 | 24,952 | 18,270 | 136,429 | 279,807 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions2 | 679,005 | (48,808 | ) | (23,625 | ) | 18,609 | 77,482 | |||||||||||||
In-kind redemptions | 113,520 | 205,754 | 201,273 | — | — | |||||||||||||||
Foreign currency contracts and foreign currency related transactions | 6,630 | — | — | — | — | |||||||||||||||
Net realized gain | 799,155 | 156,946 | 177,648 | 18,609 | 77,482 | |||||||||||||||
Net change in unrealized appreciation (depreciation) from: |
| |||||||||||||||||||
Investment transactions | 405,223 | (7,456 | ) | 60,504 | (81,673 | ) | 146,656 | |||||||||||||
Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (133 | ) | — | — | — | — | ||||||||||||||
Net change in unrealized appreciation (depreciation) | 405,090 | (7,456 | ) | 60,504 | (81,673 | ) | 146,656 | |||||||||||||
Net realized and unrealized gain (loss) on investments | 1,204,245 | 149,490 | 238,152 | (63,064 | ) | 224,138 | ||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 1,333,398 | $ | 174,442 | $ | 256,422 | $ | 73,365 | $ | 503,945 | ||||||||||
1 Net of foreign withholding tax of: | $ | 33,165 | — | — | — | — | ||||||||||||||
2 Net of foreign capital gains tax withheld of: | $ | 3,680 | — | — | — | — |
See Notes to Financial Statements.
122 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Statements of Operations (concluded)
WisdomTree Trust
For the Year Ended June 30, 2017
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 | WisdomTree Dynamic Long/Short U.S. Equity Fund | |||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||
Dividends | $ | — | $ | — | $ | 116,290 | $ | 717,778 | ||||||||
Interest | 88,234 | 262,368 | — | — | ||||||||||||
Securities lending income (Note 2) | — | — | 1,219 | 7,771 | ||||||||||||
Total investment income | 88,234 | 262,368 | 117,509 | 725,549 | ||||||||||||
EXPENSES: |
| |||||||||||||||
Advisory fees (Note 3) | 13,985 | 24,690 | 26,100 | 158,162 | ||||||||||||
Service fees (Note 2) | 220 | 226 | 217 | 1,313 | ||||||||||||
Total expenses | 14,205 | 24,916 | 26,317 | 159,475 | ||||||||||||
Expense waivers (Note 3) | (4,995 | ) | (5,144 | ) | (2,462 | ) | (14,921 | ) | ||||||||
Net expenses | 9,210 | 19,772 | 23,855 | 144,554 | ||||||||||||
Net investment income | 79,024 | 242,596 | 93,654 | 580,995 | ||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||
Investment transactions | (2,024 | ) | 115,899 | 185,496 | 710,103 | |||||||||||
In-kind redemptions | — | — | 1,101,782 | 1,843,207 | ||||||||||||
Swap contracts | — | — | (982,033 | ) | (1,032,263 | ) | ||||||||||
Net realized gain (loss) | (2,024 | ) | 115,899 | 305,245 | 1,521,047 | |||||||||||
Net change in unrealized appreciation (depreciation) from: |
| |||||||||||||||
Investment transactions | (26,151 | ) | 45,424 | 19,141 | 2,331,647 | |||||||||||
Swap contracts | — | — | 14,292 | 149,500 | ||||||||||||
Net change in unrealized appreciation (depreciation) | (26,151 | ) | 45,424 | 33,433 | 2,481,147 | |||||||||||
Net realized and unrealized gain (loss) on investments | (28,175 | ) | 161,323 | 338,678 | 4,002,194 | |||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 50,849 | $ | 403,919 | $ | 432,332 | $ | 4,583,189 |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 123 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Trust
WisdomTree Dynamic Currency Hedged Europe Equity Fund | WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||||||||
For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | For the Period November 3, 2016* through June 30, 2017 | ||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||
Net investment income | $ | 71,245 | $ | 125,569 | $ | 12,196,625 | $ | 3,091,939 | $ | 31,640 | ||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 684,767 | (17,370 | ) | 6,938,105 | (4,117,982 | ) | (10,932 | ) | ||||||||||||
Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 188,904 | 23,243 | 44,088,132 | (7,106,065 | ) | 334,909 | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | 944,916 | 131,442 | 63,222,862 | (8,132,108 | ) | 355,617 | ||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: |
| |||||||||||||||||||
Net investment income | (70,704 | ) | (113,002 | ) | (11,473,730 | ) | (2,752,751 | ) | (14,208 | ) | ||||||||||
Capital gains | (22,778 | ) | — | (5,225,655 | ) | — | — | |||||||||||||
Return of capital | — | — | — | — | (1,288 | ) | ||||||||||||||
Total dividends and distributions | (93,482 | ) | (113,002 | ) | (16,699,385 | ) | (2,752,751 | ) | (15,496 | ) | ||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||
Net proceeds from sale of shares | — | 4,636,202 | 186,577,247 | 254,690,394 | 1,990,877 | |||||||||||||||
Cost of shares redeemed | (4,042,781 | ) | — | (25,941,878 | ) | — | — | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (4,042,781 | ) | 4,636,202 | 160,635,369 | 254,690,394 | 1,990,877 | ||||||||||||||
Net Increase (Decrease) in Net Assets | (3,191,347 | ) | 4,654,642 | 207,158,846 | 243,805,535 | 2,330,998 | ||||||||||||||
NET ASSETS: |
| |||||||||||||||||||
Beginning of period | $ | 4,654,742 | $ | 100 | $ | 243,805,635 | $ | 100 | $ | 100 | ||||||||||
End of period | $ | 1,463,395 | $ | 4,654,742 | $ | 450,964,481 | $ | 243,805,635 | $ | 2,331,098 | ||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of period | $ | — | $ | 32,869 | $ | (889,776 | ) | $ | 502,119 | $ | — | |||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||
Shares outstanding, beginning of period | 200,004 | 4 | 10,050,004 | 4 | 5 | |||||||||||||||
Shares created | — | 200,000 | 6,800,000 | 10,050,000 | 100,000 | |||||||||||||||
Shares redeemed | (150,000 | ) | — | (900,000 | ) | — | — | |||||||||||||
Shares outstanding, end of period | 50,004 | 200,004 | 15,950,004 | 10,050,004 | 100,005 |
* | Commencement of operations. |
See Notes to Financial Statements.
124 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree Dynamic Currency Hedged Japan Equity Fund | WisdomTree Emerging Markets Dividend Fund | ||||||||||||||||||||||
For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | For the Year Ended June 30, 2017 | For the Period April 7, 2016* through June 30, 2016 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 60,535 | $ | 52,071 | $ | 66,141 | $ | 49,895 | $ | 214,781 | $ | 35,545 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 163,620 | (104,059 | ) | 556,311 | (158,511 | ) | (7,554 | ) | (9,347 | ) | ||||||||||||||
Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 256,119 | 290 | 405,702 | (101,232 | ) | 817,504 | 87,016 | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 480,274 | (51,698 | ) | 1,028,154 | (209,848 | ) | 1,024,731 | 113,214 | ||||||||||||||||
DIVIDENDS: |
| |||||||||||||||||||||||
Net investment income | (61,314 | ) | (47,502 | ) | (71,748 | ) | (37,001 | ) | (164,213 | ) | (12,501 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 1,516,849 | 2,486,635 | — | 4,695,893 | 8,462,255 | 2,461,827 | ||||||||||||||||||
Cost of shares redeemed | (1,311,143 | ) | — | (2,648,607 | ) | — | — | — | ||||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 205,706 | 2,486,635 | (2,648,607 | ) | 4,695,893 | 8,462,255 | 2,461,827 | |||||||||||||||||
Net Increase (Decrease) in Net Assets | 624,666 | 2,387,435 | (1,692,201 | ) | 4,449,044 | 9,322,773 | 2,562,540 | |||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of period | $ | 2,387,535 | $ | 100 | $ | 4,449,144 | $ | 100 | $ | 2,562,640 | $ | 100 | ||||||||||||
End of period | $ | 3,012,201 | $ | 2,387,535 | $ | 2,756,943 | $ | 4,449,144 | $ | 11,885,413 | $ | 2,562,640 | ||||||||||||
Undistributed net investment income included in net assets at end of period | $ | 3,607 | $ | 7,692 | $ | 58,627 | $ | 11,043 | $ | 80,803 | $ | 21,255 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of period | 100,004 | 4 | 200,004 | 4 | 100,004 | 4 | ||||||||||||||||||
Shares created | 50,000 | 100,000 | — | 200,000 | 300,000 | 100,000 | ||||||||||||||||||
Shares redeemed | (50,000 | ) | — | (100,000 | ) | — | — | — | ||||||||||||||||
Shares outstanding, end of period | 100,004 | 100,004 | 100,004 | 200,004 | 400,004 | 100,004 |
* | Commencement of operations. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 125 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree Europe Domestic Economy Fund | WisdomTree Global ex-Mexico Equity Fund | WisdomTree Global Hedged SmallCap Dividend Fund | ||||||||||||||||||
For the Year Ended June 30, 2017 | For the Period October 29, 2015* through June 30, 2016 | For the Period February 10, 2017* through June 30, 2017 | For the Year Ended June 30, 2017 | For the Period November 19, 2015* through June 30, 2016 | ||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||
Net investment income | $ | 55,861 | $ | 77,436 | $ | 56,584 | $ | 724,272 | $ | 493,560 | ||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 185,835 | (61,017 | ) | (31,668 | ) | 3,345,431 | (424,058 | ) | ||||||||||||
Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 664,458 | (530,238 | ) | 79,864 | 1,148,402 | 4,529,094 | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | 906,154 | (513,819 | ) | 104,780 | 5,218,105 | 4,598,596 | ||||||||||||||
DIVIDENDS: |
| |||||||||||||||||||
Net investment income | (59,154 | ) | (73,190 | ) | (14,500 | ) | (692,894 | ) | (459,192 | ) | ||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||
Net proceeds from sale of shares | 1,406,449 | 3,715,311 | 50,951,759 | 2,183,287 | 33,057,923 | |||||||||||||||
Cost of shares redeemed | (2,601,100 | ) | — | — | (17,437,362 | ) | (1,995,864 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (1,194,651 | ) | 3,715,311 | 50,951,759 | (15,254,075 | ) | 31,062,059 | |||||||||||||
Net Increase (Decrease) in Net Assets | (347,651 | ) | 3,128,302 | 51,042,039 | (10,728,864 | ) | 35,201,463 | |||||||||||||
NET ASSETS: |
| |||||||||||||||||||
Beginning of period | $ | 3,128,402 | $ | 100 | $ | 100 | $ | 35,201,563 | $ | 100 | ||||||||||
End of period | $ | 2,780,751 | $ | 3,128,402 | $ | 51,042,139 | $ | 24,472,699 | $ | 35,201,563 | ||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of period | $ | 1,531 | $ | 4,571 | $ | 45,485 | $ | (3,844 | ) | $ | 7,284 | |||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||
Shares outstanding, beginning of period | 150,004 | 4 | 4 | 1,700,005 | 5 | |||||||||||||||
Shares created | 50,000 | 150,000 | 1,900,000 | 100,000 | 1,800,000 | |||||||||||||||
Shares redeemed | (100,000 | ) | — | — | (800,000 | ) | (100,000 | ) | ||||||||||||
Shares outstanding, end of period | 100,004 | 150,004 | 1,900,004 | 1,000,005 | 1,700,005 |
* | Commencement of operations. |
See Notes to Financial Statements.
126 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree Global SmallCap Dividend Fund | WisdomTree Strong Dollar Emerging Markets Equity Fund | WisdomTree U.S. Domestic Economy Fund | ||||||||||||||||||||||
For the Year Ended June 30, 2017 | For the Period November 12, 2015* through June 30, 2016 | For the Year Ended June 30, 2017 | For the Period October 29, 2015* through June 30, 2016 | For the Year Ended June 30, 2017 | For the Period July 21, 2015* through June 30, 2016 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 743,838 | $ | 614,296 | $ | 129,153 | $ | 26,719 | $ | 24,952 | $ | 28,711 | ||||||||||||
Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | 4,636,238 | 132,229 | 799,155 | (105,242 | ) | 156,946 | (57,250 | ) | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 52,624 | 4,934,819 | 405,090 | 219,715 | (7,456 | ) | 61,642 | |||||||||||||||||
Net increase in net assets resulting from operations | 5,432,700 | 5,681,344 | 1,333,398 | 141,192 | 174,442 | 33,103 | ||||||||||||||||||
DIVIDENDS: |
| |||||||||||||||||||||||
Net investment income | (809,961 | ) | (511,968 | ) | (136,065 | ) | (2,068 | ) | (26,923 | ) | (24,832 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 10,918,433 | 34,057,555 | 2,451,358 | 7,016,355 | 2,828,489 | 2,499,007 | ||||||||||||||||||
Cost of shares redeemed | (24,696,254 | ) | (2,510,960 | ) | (5,226,266 | ) | — | (2,130,956 | ) | (1,218,060 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (13,777,821 | ) | 31,546,595 | (2,774,908 | ) | 7,016,355 | 697,533 | 1,280,947 | ||||||||||||||||
Net Increase (Decrease) in Net Assets | (9,155,082 | ) | 36,715,971 | (1,577,575 | ) | 7,155,479 | 845,052 | 1,289,218 | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of period | $ | 36,716,071 | $ | 100 | $ | 7,155,579 | $ | 100 | $ | 1,289,318 | $ | 100 | ||||||||||||
End of period | $ | 27,560,989 | $ | 36,716,071 | $ | 5,578,004 | $ | 7,155,579 | $ | 2,134,370 | $ | 1,289,318 | ||||||||||||
Undistributed net investment income included in net assets at end of period | $ | 72,662 | $ | 107,044 | $ | 66,012 | $ | 22,320 | $ | 4,446 | $ | 3,879 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of period | 1,400,004 | 4 | 300,004 | 4 | 50,000 | 4 | ||||||||||||||||||
Shares created | 400,000 | 1,500,000 | 100,000 | 300,000 | 100,000 | 100,000 | ||||||||||||||||||
Shares redeemed | (900,000 | ) | (100,000 | ) | (200,000 | ) | — | (75,000 | ) | (50,004 | ) | |||||||||||||
Shares outstanding, end of period | 900,004 | 1,400,004 | 200,004 | 300,004 | 75,000 | 50,000 |
* | Commencement of operations. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 127 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree U.S. Export and Multinational Fund | WisdomTree Fundamental U.S. Corporate Bond Fund | WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | ||||||||||||||||||||||
For the Year Ended June 30, 2017 | For the Period July 21, 2015* through June 30, 2016 | For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 18,270 | $ | 23,660 | $ | 136,429 | $ | 22,230 | $ | 279,807 | $ | 47,338 | ||||||||||||
Net realized gain (loss) on investments | 177,648 | (54,475 | ) | 18,609 | (138 | ) | 77,482 | — | ||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 60,504 | (9,044 | ) | (81,673 | ) | 69,214 | 146,656 | 39,663 | ||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 256,422 | (39,859 | ) | 73,365 | 91,306 | 503,945 | 87,001 | |||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: |
| |||||||||||||||||||||||
Net investment income | (19,918 | ) | (21,554 | ) | (130,242 | ) | (21,000 | ) | (278,712 | ) | (45,001 | ) | ||||||||||||
Capital gains | — | — | (24,488 | ) | — | (37,220 | ) | — | ||||||||||||||||
Total dividends and distributions | (19,918 | ) | (21,554 | ) | (154,730 | ) | (21,000 | ) | (315,932 | ) | (45,001 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 1,418,799 | 2,502,016 | — | 4,998,603 | — | 4,998,867 | ||||||||||||||||||
Cost of shares redeemed | (2,137,207 | ) | (1,229,218 | ) | — | — | — | — | ||||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (718,408 | ) | 1,272,798 | — | 4,998,603 | — | 4,998,867 | |||||||||||||||||
Net Increase (Decrease) in Net Assets | (481,904 | ) | 1,211,385 | (81,365 | ) | 5,068,909 | 188,013 | 5,040,867 | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of period | $ | 1,211,485 | $ | 100 | $ | 5,069,009 | $ | 100 | $ | 5,040,967 | $ | 100 | ||||||||||||
End of period | $ | 729,581 | $ | 1,211,485 | $ | 4,987,644 | $ | 5,069,009 | $ | 5,228,980 | $ | 5,040,967 | ||||||||||||
Undistributed net investment income included in net assets at end of period | $ | 458 | $ | 2,106 | $ | 7,417 | $ | 1,230 | $ | 3,432 | $ | 2,337 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of period | 50,000 | 4 | 100,002 | 2 | 100,002 | 2 | ||||||||||||||||||
Shares created | 50,000 | 100,000 | — | 100,000 | — | 100,000 | ||||||||||||||||||
Shares redeemed | (75,000 | ) | (50,004 | ) | — | — | — | — | ||||||||||||||||
Shares outstanding, end of period | 25,000 | 50,000 | 100,002 | 100,002 | 100,002 | 100,002 |
* | Commencement of operations. |
See Notes to Financial Statements.
128 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
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 | ||||||||||||||||||||||
For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | For the Year Ended June 30, 2017 | For the Period December 23, 2015* through June 30, 2016 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 79,024 | $ | 12,001 | $ | 242,596 | $ | 50,503 | $ | 93,654 | $ | 31,540 | ||||||||||||
Net realized gain (loss) on investments and swap contracts | (2,024 | ) | (818 | ) | 115,899 | — | 305,245 | (1,574,723 | ) | |||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and swap contracts | (26,151 | ) | 18,936 | 45,424 | 30,175 | 33,433 | 215,679 | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 50,849 | 30,119 | 403,919 | 80,678 | 432,332 | (1,327,504 | ) | |||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: |
| |||||||||||||||||||||||
Net investment income | (76,502 | ) | (11,000 | ) | (242,405 | ) | (49,001 | ) | — | — | ||||||||||||||
Capital gains | — | — | (54,254 | ) | — | — | — | |||||||||||||||||
Return of capital | — | — | — | — | — | (15,750 | ) | |||||||||||||||||
Total dividends and distributions | (76,502 | ) | (11,000 | ) | (296,659 | ) | (49,001 | ) | — | (15,750 | ) | |||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | — | 5,000,691 | — | 4,999,858 | 9,895,363 | 26,967,888 | ||||||||||||||||||
Cost of shares redeemed | — | — | — | — | (16,111,233 | ) | (14,697,597 | ) | ||||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | — | 5,000,691 | — | 4,999,858 | (6,215,870 | ) | 12,270,291 | |||||||||||||||||
Net Increase (Decrease) in Net Assets | (25,653 | ) | 5,019,810 | 107,260 | 5,031,535 | (5,783,538 | ) | 10,927,037 | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of period | $ | 5,019,910 | $ | 100 | $ | 5,031,635 | $ | 100 | $ | 10,927,137 | $ | 100 | ||||||||||||
End of period | $ | 4,994,257 | $ | 5,019,910 | $ | 5,138,895 | $ | 5,031,635 | $ | 5,143,599 | $ | 10,927,137 | ||||||||||||
Undistributed net investment income/ (Accumulated net investment loss) included in net assets at end of period | $ | 3,523 | $ | 1,001 | $ | 1,693 | $ | 1,502 | $ | (449,873 | ) | $ | — | |||||||||||
Distributions in excess of net investment income included in net assets at end of period | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (16,472 | ) | |||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of period | 100,002 | 2 | 100,002 | 2 | 450,004 | 4 | ||||||||||||||||||
Shares created | — | 100,000 | — | 100,000 | 400,000 | 1,050,000 | ||||||||||||||||||
Shares redeemed | — | — | — | — | (650,000 | ) | (600,000 | ) | ||||||||||||||||
Shares outstanding, end of period | 100,002 | 100,002 | 100,002 | 100,002 | 200,004 | 450,004 |
* | Commencement of operations. |
See Notes to Financial Statements.
WisdomTree Trust Annual Report June 30, 2017 | 129 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Trust
WisdomTree Dynamic Long/Short U.S. Equity Fund | ||||||||
For the Year Ended June 30, 2017 | For the Period December 23, 2015* through June 30, 2016 | |||||||
INCREASE IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||
Net investment income | $ | 580,995 | $ | 79,463 | ||||
Net realized gain on investments and swap contracts | 1,521,047 | 16,562 | ||||||
Net change in unrealized appreciation on investments and swap contracts | 2,481,147 | 221,334 | ||||||
Net increase in net assets resulting from operations | 4,583,189 | 317,359 | ||||||
DIVIDENDS: |
| |||||||
Net investment income | (523,310 | ) | (56,252 | ) | ||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||
Net proceeds from sale of shares | 42,572,631 | 18,363,769 | ||||||
Cost of shares redeemed | (11,193,537 | ) | (1,266,659 | ) | ||||
Net increase in net assets resulting from capital share transactions | 31,379,094 | 17,097,110 | ||||||
Net Increase in Net Assets | 35,438,973 | 17,358,217 | ||||||
NET ASSETS: |
| |||||||
Beginning of period | $ | 17,358,317 | $ | 100 | ||||
End of period | $ | 52,797,290 | $ | 17,358,317 | ||||
Undistributed net investment income included in net assets at end of period | $ | 306,456 | $ | 236,356 | ||||
SHARES CREATED AND REDEEMED: |
| |||||||
Shares outstanding, beginning of period | 650,004 | 4 | ||||||
Shares created | 1,500,000 | 700,000 | ||||||
Shares redeemed | (400,000 | ) | (50,000 | ) | ||||
Shares outstanding, end of period | 1,750,004 | 650,004 |
* | Commencement of operations. |
See Notes to Financial Statements.
130 | WisdomTree Trust Annual Report June 30, 2017 |
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 Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 23.27 | $ | 24.25 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.47 | 0.70 | ||||||
Net realized and unrealized gain (loss) | 6.08 | (1.11 | ) | |||||
Total from investment operations | 6.55 | (0.41 | ) | |||||
Dividends and distributions to shareholders: |
| |||||||
Net investment income | (0.44 | ) | (0.57 | ) | ||||
Capital gains | (0.11 | ) | — | |||||
Total dividends and distributions to shareholders | (0.55 | ) | (0.57 | ) | ||||
Net asset value, end of period | $ | 29.27 | $ | 23.27 | ||||
TOTAL RETURN2 | 28.55 | % | (1.81 | )% | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 1,463 | $ | 4,655 | ||||
Ratios to average net assets of: |
| |||||||
Expenses, net of expense waivers | 0.43 | % | 0.43 | %3 | ||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | %3 | ||||
Net investment income | 1.86 | % | 6.02 | %3 | ||||
Portfolio turnover rate4 | 12 | % | 25 | % |
WisdomTree Dynamic Currency Hedged International Equity Fund | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 24.26 | $ | 24.18 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.98 | 0.79 | ||||||
Net realized and unrealized gain (loss) | 4.32 | (0.35 | ) | |||||
Total from investment operations | 5.30 | 0.44 | ||||||
Dividends and distributions to shareholders: |
| |||||||
Net investment income | (0.83 | ) | (0.36 | ) | ||||
Capital gains | (0.46 | ) | — | |||||
Total dividends and distributions to shareholders | (1.29 | ) | (0.36 | ) | ||||
Net asset value, end of period | $ | 28.27 | $ | 24.26 | ||||
TOTAL RETURN2 | 22.25 | % | 1.82 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 450,964 | $ | 243,806 | ||||
Ratios to average net assets of: |
| |||||||
Expenses, net of expense waivers | 0.35 | % | 0.35 | %3 | ||||
Expenses, prior to expense waivers | 0.40 | % | 0.40 | %3 | ||||
Net investment income | 3.67 | % | 6.79 | %3 | ||||
Portfolio turnover rate4 | 27 | % | 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. 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, 2017 | 131 |
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 Quality Dividend Growth Fund | For the Period November 3, 2016* through June 30, 2017 | |||
Net asset value, beginning of period | $ | 19.63 | ||
Investment operations: |
| |||
Net investment income1 | 0.32 | |||
Net realized and unrealized gain | 3.52 | |||
Total from investment operations | 3.84 | |||
Dividends and distributions to shareholders: | ||||
Net investment income | (0.15 | ) | ||
Return of capital | (0.01 | ) | ||
Total dividends and distributions to shareholders | (0.16 | ) | ||
Net asset value, end of period | $ | 23.31 | ||
TOTAL RETURN2 | 19.61 | % | ||
RATIOS/SUPPLEMENTAL DATA: |
| |||
Net assets, end of period (000’s omitted) | $ | 2,331 | ||
Ratios to average net assets3 of: |
| |||
Expenses, net of expense waivers | 0.10 | %4 | ||
Expenses, prior to expense waivers | 0.58 | %4 | ||
Net investment income | 2.23 | %4 | ||
Portfolio turnover rate5 | 4 | % |
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 23.87 | $ | 24.24 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.86 | 0.52 | ||||||
Net realized and unrealized gain (loss) | 6.18 | (0.41 | ) | |||||
Total from investment operations | 7.04 | 0.11 | ||||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.79 | ) | (0.48 | ) | ||||
Net asset value, end of period | $ | 30.12 | $ | 23.87 | ||||
TOTAL RETURN2 | 29.80 | % | 0.36 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 3,012 | $ | 2,388 | ||||
Ratios to average net assets of: |
| |||||||
Expenses, net of expense waivers | 0.43 | % | 0.43 | %4 | ||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | %4 | ||||
Net investment income | 3.16 | % | 4.42 | %4 | ||||
Portfolio turnover rate5 | 75 | % | 50 | % |
* | 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 | 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 | 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.
132 | WisdomTree Trust Annual Report June 30, 2017 |
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 Japan Equity Fund | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 22.25 | $ | 24.38 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.38 | 0.28 | ||||||
Net realized and unrealized gain (loss) | 5.32 | (2.22 | ) | |||||
Total from investment operations | 5.70 | (1.94 | ) | |||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.38 | ) | (0.19 | ) | ||||
Net asset value, end of period | $ | 27.57 | $ | 22.25 | ||||
TOTAL RETURN2 | 25.70 | % | (8.00 | )% | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 2,757 | $ | 4,449 | ||||
Ratios to average net assets of: |
| |||||||
Expenses, net of expense waivers | 0.43 | % | 0.43 | %3 | ||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | %3 | ||||
Net investment income | 1.51 | % | 2.50 | %3 | ||||
Portfolio turnover rate4 | 15 | % | 22 | % |
WisdomTree Emerging Markets Dividend Fund | For the Year Ended June 30, 2017 | For the Period April 7, 2016* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 25.63 | $ | 24.53 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.96 | 0.36 | ||||||
Net realized and unrealized gain | 3.96 | 0.87 | ||||||
Total from investment operations | 4.92 | 1.23 | ||||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.84 | ) | (0.13 | ) | ||||
Net asset value, end of period | $ | 29.71 | $ | 25.63 | ||||
TOTAL RETURN2 | 19.46 | % | 5.01 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 11,885 | $ | 2,563 | ||||
Ratios to average net assets of: |
| |||||||
Expenses | 0.32 | % | 0.32 | %3 | ||||
Net investment income | 3.38 | % | 6.14 | %3 | ||||
Portfolio turnover rate4 | 15 | % | 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 for the WisdomTree Dynamic Currency Hedged Japan Equity Fund, 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, 2017 | 133 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Europe Domestic Economy Fund | For the Year Ended June 30, 2017 | For the Period October 29, 2015* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 20.86 | $ | 24.70 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.44 | 0.52 | ||||||
Net realized and unrealized gain (loss) | 7.06 | (3.87 | ) | |||||
Total from investment operations | 7.50 | (3.35 | ) | |||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.55 | ) | (0.49 | ) | ||||
Net asset value, end of period | $ | 27.81 | $ | 20.86 | ||||
TOTAL RETURN2 | 36.05 | % | (13.76 | )% | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 2,781 | $ | 3,128 | ||||
Ratios to average net assets of: |
| |||||||
Expenses, net of expense waivers | 0.48 | % | 0.48 | %3 | ||||
Expenses, prior to expense waivers | 0.58 | % | 0.58 | %3 | ||||
Net investment income | 1.85 | % | 3.32 | %3 | ||||
Portfolio turnover rate4 | 12 | % | 22 | % |
WisdomTree Global ex-Mexico Equity Fund | For the Period February 10, 2017* through June 30, 2017 | |||
Net asset value, beginning of period | $ | 25.22 | ||
Investment operations: |
| |||
Net investment income1 | 0.21 | |||
Net realized and unrealized gain | 1.50 | |||
Total from investment operations | 1.71 | |||
Dividends to shareholders: | ||||
Net investment income | (0.07 | ) | ||
Net asset value, end of period | $ | 26.86 | ||
TOTAL RETURN2 | 6.79 | % | ||
RATIOS/SUPPLEMENTAL DATA: |
| |||
Net assets, end of period (000’s omitted) | $ | 51,042 | ||
Ratios to average net assets of: |
| |||
Expenses, net of expense waivers | 0.30 | %3 | ||
Expenses, prior to expense waivers | 0.35 | %3 | ||
Net investment income | 2.15 | %3 | ||
Portfolio turnover rate4 | 2 | % |
* | 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.
134 | WisdomTree Trust Annual Report June 30, 2017 |
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 Year Ended June 30, 2017 | For the Period November 19, 2015* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 20.71 | $ | 20.23 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.69 | 0.39 | ||||||
Net realized and unrealized gain | 3.79 | 0.45 | ||||||
Total from investment operations | 4.48 | 0.84 | ||||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.72 | ) | (0.36 | ) | ||||
Net asset value, end of period | $ | 24.47 | $ | 20.71 | ||||
TOTAL RETURN2 | 21.89 | % | 4.20 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 24,473 | $ | 35,202 | ||||
Ratios to average net assets3 of: |
| |||||||
Expenses, net of expense waivers | 0.00 | %4 | 0.00 | %4,5 | ||||
Expenses, prior to expense waivers | 0.43 | % | 0.43 | %5 | ||||
Net investment income | 2.97 | % | 3.23 | %5 | ||||
Portfolio turnover rate6 | 3 | % | 3 | % |
WisdomTree Global SmallCap Dividend Fund | For the Year Ended June 30, 2017 | For the Period November 12, 2015* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 26.23 | $ | 24.58 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.80 | 0.61 | ||||||
Net realized and unrealized gain | 4.53 | 1.52 | ||||||
Total from investment operations | 5.33 | 2.13 | ||||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.94 | ) | (0.48 | ) | ||||
Net asset value, end of period | $ | 30.62 | $ | 26.23 | ||||
TOTAL RETURN2 | 20.56 | % | 8.71 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 27,561 | $ | 36,716 | ||||
Ratios to average net assets of: |
| |||||||
Expenses | 0.43 | % | 0.43 | %5 | ||||
Net investment income | 2.76 | % | 3.88 | %5 | ||||
Portfolio turnover rate6 | 33 | % | 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. For the periods in which the investment advisor waived advisory fees for the WisdomTree Global Hedged SmallCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 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 | Amount represents less than 0.005%. |
5 | Annualized. |
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. 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, 2017 | 135 |
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 Year Ended June 30, 2017 | For the Period October 29, 2015* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 23.85 | $ | 24.58 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.38 | 0.12 | ||||||
Net realized and unrealized gain (loss) | 4.00 | (0.83 | ) | |||||
Total from investment operations | 4.38 | (0.71 | ) | |||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.34 | ) | (0.02 | ) | ||||
Net asset value, end of period | $ | 27.89 | $ | 23.85 | ||||
TOTAL RETURN2 | 18.52 | % | (2.88 | )% | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 5,578 | $ | 7,156 | ||||
Ratios to average net assets of: |
| |||||||
Expenses | 0.58 | %3,4 | 0.58 | %5 | ||||
Net investment income | 1.51 | % | 0.78 | %5 | ||||
Portfolio turnover rate6 | 51 | % | 74 | % |
WisdomTree U.S. Domestic Economy Fund | For the Year Ended June 30, 2017 | For the Period July 21, 2015* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 25.79 | $ | 24.85 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.44 | 0.43 | ||||||
Net realized and unrealized gain | 2.71 | 0.94 | ||||||
Total from investment operations | 3.15 | 1.37 | ||||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.48 | ) | (0.43 | ) | ||||
Net asset value, end of period | $ | 28.46 | $ | 25.79 | ||||
TOTAL RETURN2 | 12.34 | % | 5.62 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 2,134 | $ | 1,289 | ||||
Ratios to average net assets of: |
| |||||||
Expenses | 0.33 | % | 0.33 | %5 | ||||
Net investment income | 1.61 | % | 1.89 | %5 | ||||
Portfolio turnover rate6 | 40 | % | 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. For the periods in which the investment advisor waived advisory fees for the WisdomTree Strong Dollar Emerging Markets Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust. |
4 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
5 | Annualized. |
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. 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.
136 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree U.S. Export and Multinational Fund | For the Year Ended June 30, 2017 | For the Period July 21, 2015* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 24.23 | $ | 24.88 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.39 | 0.36 | ||||||
Net realized and unrealized gain (loss) | 5.04 | (0.63 | ) | |||||
Total from investment operations | 5.43 | (0.27 | ) | |||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.48 | ) | (0.38 | ) | ||||
Net asset value, end of period | $ | 29.18 | $ | 24.23 | ||||
TOTAL RETURN2 | 22.55 | % | (1.03 | )% | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 730 | $ | 1,211 | ||||
Ratios to average net assets of: |
| |||||||
Expenses | 0.33 | % | 0.33 | %3 | ||||
Net investment income | 1.47 | % | 1.61 | %3 | ||||
Portfolio turnover rate4 | 57 | % | 21 | % |
WisdomTree Fundamental U.S. Corporate Bond Fund | For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 50.69 | $ | 49.96 | ||||
Investment operations: |
| |||||||
Net investment income1 | 1.36 | 0.22 | ||||||
Net realized and unrealized gain (loss) | (0.63 | ) | 0.72 | |||||
Total from investment operations | 0.73 | 0.94 | ||||||
Dividends and distributions to shareholders: |
| |||||||
Net investment income | (1.30 | ) | (0.21 | ) | ||||
Capital gains | (0.24 | ) | — | |||||
Total dividends and distributions to shareholders | (1.54 | ) | (0.21 | ) | ||||
Net asset value, end of period | $ | 49.88 | $ | 50.69 | ||||
TOTAL RETURN2 | 1.52 | % | 1.89 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 4,988 | $ | 5,069 | ||||
Ratios to average net assets of: | ||||||||
Expenses, net of expense waivers | 0.18 | % | 0.18 | %3 | ||||
Expenses, prior to expense waivers | 0.28 | % | 0.28 | %3 | ||||
Net investment income | 2.74 | % | 2.50 | %3 | ||||
Portfolio turnover rate4 | 45 | % | 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. For the periods in which the investment advisor waived advisory fees for the WisdomTree Fundamental U.S. Corporate Bond Fund, 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, 2017 | 137 |
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 Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 50.41 | $ | 50.19 | ||||
Investment operations: |
| |||||||
Net investment income1 | 2.80 | 0.47 | ||||||
Net realized and unrealized gain | 2.24 | 0.20 | ||||||
Total from investment operations | 5.04 | 0.67 | ||||||
Dividends and distributions to shareholders: |
| |||||||
Net investment income | (2.79 | ) | (0.45 | ) | ||||
Capital gains | (0.37 | ) | — | |||||
Total dividends and distributions to shareholders | (3.16 | ) | (0.45 | ) | ||||
Net asset value, end of period | $ | 52.29 | $ | 50.41 | ||||
TOTAL RETURN2 | 10.23 | % | 1.34 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 5,229 | $ | 5,041 | ||||
Ratios to average net assets of: | ||||||||
Expenses, net of expense waivers | 0.38 | % | 0.38 | %3 | ||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | %3 | ||||
Net investment income | 5.38 | % | 5.31 | %3 | ||||
Portfolio turnover rate4 | 51 | % | 0 | % |
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 50.20 | $ | 49.98 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.79 | 0.12 | ||||||
Net realized and unrealized gain (loss) | (0.28 | ) | 0.21 | |||||
Total from investment operations | 0.51 | 0.33 | ||||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.77 | ) | (0.11 | ) | ||||
Net asset value, end of period | $ | 49.94 | $ | 50.20 | ||||
TOTAL RETURN2 | 1.02 | % | 0.66 | % | ||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||
Net assets, end of period (000’s omitted) | $ | 4,994 | $ | 5,020 | ||||
Ratios to average net assets of: |
| |||||||
Expenses, net of expense waivers | 0.18 | % | 0.18 | %3 | ||||
Expenses, prior to expense waivers | 0.28 | % | 0.28 | %3 | ||||
Net investment income | 1.58 | % | 1.35 | %3 | ||||
Portfolio turnover rate4 | 38 | % | 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.
138 | WisdomTree Trust Annual Report June 30, 2017 |
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 Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 50.32 | $ | 49.95 | ||||
Investment operations: |
| |||||||
Net investment income1 | 2.43 | 0.51 | ||||||
Net realized and unrealized gain | 1.60 | 0.35 | ||||||
Total from investment operations | 4.03 | 0.86 | ||||||
Dividends and distributions to shareholders: |
| |||||||
Net investment income | (2.42 | ) | (0.49 | ) | ||||
Capital gains | (0.54 | ) | — | |||||
Total dividends and distributions to shareholders | (2.96 | ) | (0.49 | ) | ||||
Net asset value, end of period | $ | 51.39 | $ | 50.32 | ||||
TOTAL RETURN2 | 8.19 | % | 1.73 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 5,139 | $ | 5,032 | ||||
Ratios to average net assets of: | ||||||||
Expenses, net of expense waivers | 0.38 | % | 0.38 | %3 | ||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | %3 | ||||
Net investment income | 4.72 | % | 5.66 | %3 | ||||
Portfolio turnover rate4 | 69 | % | 0 | % |
WisdomTree Dynamic Bearish U.S. Equity Fund | For the Year Ended June 30, 2017 | For the Period December 23, 2015* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 24.28 | $ | 24.30 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.47 | 0.08 | ||||||
Net realized and unrealized gain (loss) | 0.97 | (0.06 | ) | |||||
Total from investment operations | 1.44 | 0.02 | ||||||
Distributions to shareholders: |
| |||||||
Return of capital | — | (0.04 | ) | |||||
Net asset value, end of period | $ | 25.72 | $ | 24.28 | ||||
TOTAL RETURN2 | 5.93 | % | 0.06 | % | ||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||
Net assets, end of period (000’s omitted) | $ | 5,144 | $ | 10,927 | ||||
Ratios to average net assets of: |
| |||||||
Expenses, net of expense waivers | 0.48 | % | 0.48 | %3 | ||||
Expenses, prior to expense waivers | 0.53 | % | 0.53 | %3 | ||||
Net investment income | 1.90 | % | 0.60 | %3 | ||||
Portfolio turnover rate4 | 153 | % | 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.
WisdomTree Trust Annual Report June 30, 2017 | 139 |
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 Year Ended June 30, 2017 | For the Period December 23, 2015* through June 30, 2016 | ||||||
Net asset value, beginning of period | $ | 26.70 | $ | 25.13 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.55 | 0.24 | ||||||
Net realized and unrealized gain | 3.47 | 1.49 | ||||||
Total from investment operations | 4.02 | 1.73 | ||||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.55 | ) | (0.16 | ) | ||||
Net asset value, end of period | $ | 30.17 | $ | 26.70 | ||||
TOTAL RETURN2 | 15.25 | % | 6.88 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 52,797 | $ | 17,358 | ||||
Ratios to average net assets of: |
| |||||||
Expenses, net of expense waivers | 0.48 | % | 0.48 | %3 | ||||
Expenses, prior to expense waivers | 0.53 | % | 0.53 | %3 | ||||
Net investment income | 1.95 | % | 1.80 | %3 | ||||
Portfolio turnover rate4 | 126 | % | 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.
140 | WisdomTree Trust Annual Report June 30, 2017 |
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, 2017, the Trust consisted of 89 operational investment funds (each a “Fund”, collectively, the “Funds”). In accordance with Accounting Standards 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 Quality Dividend Growth Fund (“Dynamic Currency Hedged International Quality Dividend Growth Fund” and also referred to herein as “Currency Hedged Equity Fund”) | November 3, 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 Domestic Economy Fund (“Europe Domestic Economy Fund”) (formerly, WisdomTree Europe Local Recovery Fund) | October 29, 2015 | |||
WisdomTree Global ex-Mexico Equity Fund (“Global ex-Mexico Equity Fund”) | February 10, 2017 | |||
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 U.S. Domestic Economy Fund (“U.S. Domestic Economy Fund”) (formerly, WisdomTree Strong Dollar U.S. Equity Fund) | July 21, 2015 | |||
WisdomTree U.S. Export and Multinational Fund (“U.S. Export and Multinational Fund”) (formerly, WisdomTree 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.
WisdomTree Trust Annual Report June 30, 2017 | 141 |
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Notes to Financial Statements (continued)
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 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 of the Trust (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 exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) 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 ETF or ETN 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. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time, except, 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. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade. Swap and swaption 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 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.
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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 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 prices obtained from 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, 2017 in valuing each Fund’s assets:
Dynamic Currency Hedged Europe Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,461,617 | $ | — | $ | — | ||||||
Rights | 458 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 15,009 | — | |||||||||
Total | $ | 1,462,075 | $ | 15,009 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 3 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (6,197 | ) | — | ||||||||
Total – Net | $ | 1,462,075 | $ | 8,815 | $ | — |
Dynamic Currency Hedged International Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 449,885,087 | $ | — | $ | — | ||||||
Rights | ||||||||||||
New Zealand | — | 578 | — | |||||||||
Spain | 34,124 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 2,333,800 | — | |||||||||
Total | $ | 449,919,211 | $ | 2,334,378 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 1,333,365 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (2,179,040 | ) | — | ||||||||
Total – Net | $ | 449,919,211 | $ | 1,488,703 | $ | — |
WisdomTree Trust Annual Report June 30, 2017 | 143 |
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Notes to Financial Statements (continued)
Dynamic Currency Hedged International Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Exchange-Traded Fund | $ | 2,329,087 | $ | — | $ | — | ||||||
Total | $ | 2,329,087 | $ | — | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 3,570 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (10,533 | ) | — | ||||||||
Total – Net | $ | 2,329,087 | $ | (6,963 | ) | $ | — |
Dynamic Currency Hedged International SmallCap Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Australia | $ | 394,804 | $ | — | $ | 96 | ** | |||||
Other* | 2,615,556 | — | — | |||||||||
Rights | ||||||||||||
Australia | 210 | 26 | — | |||||||||
New Zealand | — | 19 | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 70,484 | — | |||||||||
Total | $ | 3,010,570 | $ | 70,529 | $ | 96 | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 9,822 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (16,537 | ) | — | ||||||||
Total – Net | $ | 3,010,570 | $ | 63,814 | $ | 96 |
Dynamic Currency Hedged Japan Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 2,747,043 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 7,961 | — | |||||||||
Total | $ | 2,747,043 | $ | 7,961 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 38,836 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (70 | ) | — | ||||||||
Total – Net | $ | 2,747,043 | $ | 46,727 | $ | — |
Emerging Markets Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
China | $ | 2,566,772 | $ | — | $ | 14,901 | ** | |||||
Malaysia | 521,459 | — | 11,700 | ** | ||||||||
Other* | 8,660,702 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 65,112 | — | |||||||||
Total | $ | 11,748,933 | $ | 65,112 | $ | 26,601 |
Europe Domestic Economy Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Italy | $ | 460,298 | $ | — | $ | 2,305 | ** | |||||
Other* | 2,313,582 | — | — | |||||||||
Rights | 557 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 27,023 | — | |||||||||
Total | $ | 2,774,437 | $ | 27,023 | $ | 2,305 |
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Global ex-Mexico Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 50,888,057 | $ | — | $ | — | ||||||
Rights | 81 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 121,995 | — | |||||||||
Total | $ | 50,888,138 | $ | 121,995 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 1 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (20 | ) | — | ||||||||
Total – Net | $ | 50,888,138 | $ | 121,976 | $ | — |
Global Hedged SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Exchange-Traded Fund | $ | 24,468,302 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 1,086,750 | — | |||||||||
Total | $ | 24,468,302 | $ | 1,086,750 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 73,124 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (125,011 | ) | — | ||||||||
Total – Net | $ | 24,468,302 | $ | 1,034,863 | $ | — |
Global SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Malaysia | $ | 147,852 | $ | — | $ | 18,730 | ** | |||||
Other* | 27,291,145 | — | — | |||||||||
Rights | — | 140 | — | |||||||||
Exchange-Traded Note | 31,039 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,394,805 | — | |||||||||
Total | $ | 27,470,036 | $ | 1,394,945 | $ | 18,730 | ||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (8 | ) | — | ||||||||
Total – Net | $ | 27,470,036 | $ | 1,394,937 | $ | 18,730 |
Strong Dollar Emerging Markets Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
India | $ | 1,141,898 | $ | — | $ | 43,597 | ** | |||||
Taiwan | 1,808,716 | — | 2,844 | ** | ||||||||
Other* | 2,565,270 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 93,741 | — | |||||||||
Total | $ | 5,515,884 | $ | 93,741 | $ | 46,441 |
U.S. Domestic Economy Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 2,131,692 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 9,621 | — | |||||||||
Total | $ | 2,131,692 | $ | 9,621 | $ | — |
U.S. Export and Multinational Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 728,525 | $ | — | $ | — | ||||||
Total | $ | 728,525 | $ | — | $ | — |
WisdomTree Trust Annual Report June 30, 2017 | 145 |
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Notes to Financial Statements (continued)
Fundamental U.S. Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 4,910,653 | $ | — | ||||||
U.S. Government Obligations | — | 9,955 | — | |||||||||
Total | $ | — | $ | 4,920,608 | $ | — |
Fundamental U.S. High Yield Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 5,107,585 | $ | — | ||||||
Total | $ | — | $ | 5,107,585 | $ | — |
Fundamental U.S. Short-Term Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 4,929,683 | $ | — | ||||||
Total | $ | — | $ | 4,929,683 | $ | — |
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 4,807,749 | $ | — | ||||||
Total | $ | — | $ | 4,807,749 | $ | — |
Dynamic Bearish U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 5,098,558 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 226,270 | — | |||||||||
Total | $ | 5,098,558 | $ | 226,270 | $ | — | ||||||
Unrealized Appreciation on Swap Contracts | — | 30,764 | — | |||||||||
Total – Net | $ | 5,098,558 | $ | 257,034 | $ | — |
Dynamic Long/Short U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 52,516,437 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 2,399,393 | — | |||||||||
Total | $ | 52,516,437 | $ | 2,399,393 | $ | — | ||||||
Unrealized Appreciation on Swap Contracts | — | 150,706 | — | |||||||||
Unrealized Depreciation on Swap Contracts | — | (1,206 | ) | — | ||||||||
Total – Net | $ | 52,516,437 | $ | 2,548,893 | $ | — |
* | Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country. |
** | Security is 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.
During the fiscal year ended June 30, 2017, Dynamic Currency Hedged International SmallCap Equity Fund transferred securities with a fair value of $957 from Level 2 to Level 1 primarily due to the availability of a quoted price in an active market for identical investments.
During the fiscal year or period ended June 30, 2017, there were no significant transfers into or out of Level 3 of the fair value hierarchy.
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, futures contracts and swap contracts during the fiscal year or period ended June 30, 2017 and open positions in such derivatives as of June 30, 2017 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 also 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, 2017 that triggered a contingent feature, the counterparty to the agreement may require the
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Notes to Financial Statements (continued)
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 152. At June 30, 2017, 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, 2017, 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 | $ | 3 | Unrealized depreciation on foreign currency contracts | $ | 6,197 | ||||||
Dynamic Currency Hedged International Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 1,333,365 | Unrealized depreciation on foreign currency contracts | 2,179,040 | ||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 3,570 | Unrealized depreciation on foreign currency contracts | 10,533 | ||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 9,822 | Unrealized depreciation on foreign currency contracts | 16,537 | ||||||||
Dynamic Currency Hedged Japan Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 38,836 | Unrealized depreciation on foreign currency contracts | 70 | ||||||||
Global ex-Mexico Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 1 | Unrealized depreciation on foreign currency contracts | 20 | ||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 73,124 | Unrealized depreciation on foreign currency contracts | 125,011 | ||||||||
Global SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 8 | ||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||
Equity contracts | Unrealized appreciation on swap contracts | 30,764 | Unrealized depreciation on swap contracts | — | ||||||||
Dynamic Long/Short U.S. Equity Fund | ||||||||||||
Equity contracts | Unrealized appreciation on swap contracts | 150,706 | Unrealized depreciation on swap contracts | 1,206 |
For the fiscal year or period ended June 30, 2017, the effects 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 Fund | ||||||||
Foreign exchange contracts | $ | 178,763 | $ | (12,992 | ) | |||
Dynamic Currency Hedged International Equity Fund | ||||||||
Foreign exchange contracts | 2,755,527 | (2,602,406 | ) | |||||
Dynamic Currency Hedged International Quality Dividend Growth Fund3 | ||||||||
Foreign exchange contracts | (19,668 | ) | (6,963 | ) | ||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||
Foreign exchange contracts | 41,056 | (1,755 | ) | |||||
Dynamic Currency Hedged Japan Equity Fund | ||||||||
Foreign exchange contracts | (20,122 | ) | 227,262 |
WisdomTree Trust Annual Report June 30, 2017 | 147 |
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Notes to Financial Statements (continued)
Fund | Amount of Realized Gain or (Loss) on Derivatives Recognized1 | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized2 | ||||||
Emerging Markets Dividend Fund | ||||||||
Foreign exchange contracts | $ | (13,356 | ) | $ | 10 | |||
Europe Domestic Economy Fund | ||||||||
Foreign exchange contracts | 25 | — | ||||||
Global ex-Mexico Equity Fund4 | ||||||||
Foreign exchange contracts | (13,127 | ) | (19 | ) | ||||
Global Hedged SmallCap Dividend Fund | ||||||||
Foreign exchange contracts | (104,853 | ) | 306,625 | |||||
Global SmallCap Dividend Fund | ||||||||
Foreign exchange contracts | (13,299 | ) | 212 | |||||
Equity contracts | (15,303 | ) | — | |||||
Strong Dollar Emerging Markets Equity Fund | ||||||||
Foreign exchange contracts | (12,486 | ) | — | |||||
Dynamic Bearish U.S. Equity Fund | ||||||||
Equity contracts | (982,033 | ) | 14,292 | |||||
Dynamic Long/Short U.S. Equity Fund | ||||||||
Equity contracts | (1,032,263 | ) | 149,500 |
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 futures contracts and 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 November 3, 2016 (commencement of operations) through June 30, 2017. |
4 | For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
During the fiscal year or period ended June 30, 2017, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:
Average Notional | ||||||||||||||||
Fund | Foreign currency contracts (to deliver) | Foreign currency contracts (to receive) | Swap contracts (short) | Futures contracts (long) | ||||||||||||
Dynamic Currency Hedged Europe Equity Fund | ||||||||||||||||
Foreign exchange contracts | $ | 2,684,282 | $ | 5,210,753 | $ | — | $ | — | ||||||||
Dynamic Currency Hedged International Equity Fund | ||||||||||||||||
Foreign exchange contracts | 210,075,841 | 413,939,468 | — | — | ||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund1 | ||||||||||||||||
Foreign exchange contracts | 1,468,681 | 2,889,737 | — | — | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||
Foreign exchange contracts | 1,134,928 | 2,212,446 | — | — | ||||||||||||
Dynamic Currency Hedged Japan Equity Fund | ||||||||||||||||
Foreign exchange contracts | 2,953,832 | 5,902,384 | — | — | ||||||||||||
Emerging Markets Dividend Fund2 | ||||||||||||||||
Foreign exchange contracts | 324,427 | 60,118 | — | — | ||||||||||||
Europe Domestic Economy Fund | ||||||||||||||||
Foreign exchange contracts | — | 2,223 | — | — | ||||||||||||
Global ex-Mexico Equity Fund2,3 | ||||||||||||||||
Foreign exchange contracts | 536,223 | 4,248 | — | — | ||||||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||||||
Foreign exchange contracts | 12,415,511 | 24,242,833 | — | — |
148 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Notes to Financial Statements (continued)
Average Notional | ||||||||||||||||
Fund | Foreign currency contracts (to deliver) | Foreign currency contracts (to receive) | Swap contracts (short) | Futures contracts (long) | ||||||||||||
Global SmallCap Dividend Fund | ||||||||||||||||
Equity contracts2 | $ | — | $ | — | $ | — | $ | 622,040 | ||||||||
Foreign exchange contracts | 15,929 | 65,788 | — | — | ||||||||||||
Strong Dollar Emerging Markets Equity Fund2 | ||||||||||||||||
Foreign exchange contracts | 258,908 | 454,404 | — | — | ||||||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||||||
Equity contracts | — | — | 4,204,893 | — | ||||||||||||
Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||
Equity contracts | — | — | 3,984,614 | — |
1 | For the period November 3, 2016 (commencement of operations) through June 30, 2017. |
2 | The volume of derivative activity for the period is based on intra-month balances. |
3 | For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
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. Foreign dividend income, net of any foreign taxes withheld, is recorded on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. 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.
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 trustees who are not interested persons of the Funds (“Independent Trustees”); (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.
Acquired fund fees and expenses (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating 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.
WisdomTree Trust Annual Report June 30, 2017 | 149 |
Table of Contents
Notes to Financial Statements (continued)
Forward Foreign Currency Contracts — The Currency Hedged Equity Funds, except the Global Hedged SmallCap Dividend Fund, utilized forward foreign currency contracts (“Forward Contract”) to dynamically obtain either a net long or net short exposure to foreign currencies consistent with each Currency Hedged Equity Fund’s investment objective. The Global Hedged SmallCap Dividend Fund utilized Forward Contracts to obtain net short exposure to foreign currencies consistent with its investment objective. The Emerging Markets Dividend Fund, Europe Domestic Economy Fund, Global ex-Mexico Equity Fund, Global SmallCap Dividend Fund, and the Strong Dollar Emerging Markets Equity Fund utilized Forward Contracts to facilitate foreign security settlements. A 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 and included in net change in unrealized appreciation (depreciation) from foreign currency contracts and translation of assets and liabilities denominated in foreign currencies on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold and included in net realized gain (loss) from foreign currency contracts and foreign currency related transactions on the Statements of Operations.
Futures Contracts — The Global SmallCap Dividend Fund utilized equity futures contracts on a temporary basis during the period to obtain market exposure consistent with its investment objective during the Fund’s annual portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.
Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts payments may be made or received at settlement. Such variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.
Total Return Swap Contracts — The Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. Total return swap contracts are agreements between counterparties to exchange the return of a given underlying reference asset/index, including income and any appreciation/depreciation in value of the reference asset/index, in exchange for payments equal to a rate of interest on another reference asset. During the term of the outstanding swap agreement, changes in the underlying value of the swap are recorded as unrealized gains and losses and the periodic payments received or made on the swap are recorded as realized gains or losses. 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. A Fund 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 impractical. 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. Total return swaps are exposed to the market risk factor of the specific underlying reference asset/index such as unanticipated movements in the value of the exchange rates, interest rates, securities, or the reference asset/index. Additional risks to a Fund include the possibility that there is no liquid market for these agreements or that the swap counterparty may default on its obligation to perform. A Fund’s maximum loss from counterparty risk is the fair value of the contract.
150 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Notes to Financial Statements (continued)
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 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.
WisdomTree Trust Annual Report June 30, 2017 | 151 |
Table of Contents
Notes to Financial Statements (continued)
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 Liabilities. As of June 30, 2017, 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 Liabilities | Gross Amounts Not Offset in the Statements of | Net Amount | Gross Amounts in the Statements of Assets and Liabilities | Gross Amounts Not Offset Assets and Liabilities | Net Amount | |||||||||||||||||||||||||||
Fund | Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | ||||||||||||||||||||||||||||
Dynamic Currency Hedged Europe Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | $ | 23,863 | $ | — | $ | (23,863 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Foreign Currency Contracts | 3 | (1 | ) | — | 2 | 6,197 | (1 | ) | — | 6,196 | ||||||||||||||||||||||
Dynamic Currency Hedged International Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 4,009,909 | — | (4,009,909 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 1,333,365 | (562,331 | ) | — | 771,034 | 2,179,040 | (562,331 | ) | — | 1,616,709 | �� | |||||||||||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||||||||||||||||||||||
Foreign Currency Contracts | 3,570 | (1,496 | ) | — | 2,074 | 10,533 | (1,496 | ) | — | 9,037 | ||||||||||||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 80,353 | — | (80,353 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 9,822 | (6,401 | ) | — | 3,421 | 16,537 | (6,401 | ) | — | 10,136 | ||||||||||||||||||||||
Dynamic Currency Hedged Japan Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 7,586 | — | (7,586 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 38,836 | (27 | ) | — | 38,809 | 70 | (27 | ) | — | 43 | ||||||||||||||||||||||
Emerging Markets Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 79,304 | — | (79,304 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Europe Domestic Economy Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 38,825 | — | (38,825 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Global ex-Mexico Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 159,325 | — | (159,325 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 1 | — | — | 1 | 20 | — | — | 20 | ||||||||||||||||||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 1,060,530 | — | (1,060,530 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 73,124 | (36,785 | ) | — | 36,339 | 125,011 | (36,785 | ) | — | 88,226 | ||||||||||||||||||||||
Global SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 1,627,047 | — | (1,627,047 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 8 | — | — | 8 | ||||||||||||||||||||||||
Strong Dollar Emerging Markets Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 148,669 | — | (148,669 | )1 | — | — | — | — | — | |||||||||||||||||||||||
U.S. Domestic Economy Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 14,750 | — | (14,750 | )1 | — | — | — | — | — | |||||||||||||||||||||||
U.S. Export and Multinational Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 874 | — | (874 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 254,918 | — | (254,918 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Swap Contracts | 30,764 | — | — | 30,764 | — | — | — | — | ||||||||||||||||||||||||
Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 2,592,027 | — | (2,592,027 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Swap Contracts | 150,706 | (1,206 | ) | — | 149,500 | 1,206 | (1,206 | ) | — | — |
1 | The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. |
152 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Notes to Financial Statements (continued)
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.
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 an annual fee, accrued daily and paid monthly in arrears, 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 (before fee waiver) | Advisory Fee Waiver1 | Advisory Fee Waiver Expiration Date | |||||||||
Dynamic Currency Hedged Europe Equity Fund | 0.48 | % | (0.05 | )% | October 31, 2017 | |||||||
Dynamic Currency Hedged International Equity Fund | 0.40 | % | (0.05 | )% | October 31, 2017 | |||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 0.58 | % | (0.48 | )%2 | October 31, 2017 | |||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 0.48 | % | (0.05 | )% | October 31, 2017 | |||||||
Dynamic Currency Hedged Japan Equity Fund | 0.48 | % | (0.05 | )% | October 31, 2017 | |||||||
Emerging Markets Dividend Fund | 0.32 | % | — | — | ||||||||
Europe Domestic Economy Fund | 0.58 | % | (0.10 | )% | October 31, 2017 | |||||||
Global ex-Mexico Equity Fund | 0.35 | % | (0.05 | )% | February 2, 2020 | |||||||
Global Hedged SmallCap Dividend Fund | 0.43 | % | (0.43 | )%3 | July 31, 2018 | |||||||
Global SmallCap Dividend Fund | 0.43 | % | — | — | ||||||||
Strong Dollar Emerging Markets Equity Fund | 0.58 | % | (0.26 | )%4 | July 31, 2018 | |||||||
U.S. Domestic Economy Fund | 0.33 | % | — | — |
WisdomTree Trust Annual Report June 30, 2017 | 153 |
Table of Contents
Notes to Financial Statements (continued)
Fund | Advisory Fee Rate (before fee waiver) | Advisory Fee Waiver1 | Advisory Fee Waiver Expiration Date | |||||||||
U.S. Export and Multinational Fund | 0.33 | % | — | — | ||||||||
Fundamental U.S. Corporate Bond Fund | 0.28 | % | (0.10 | )% | October 31, 2017 | |||||||
Fundamental U.S. High Yield Corporate Bond Fund | 0.48 | % | (0.10 | )% | October 31, 2017 | |||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 0.28 | % | (0.10 | )% | October 31, 2017 | |||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 0.48 | % | (0.10 | )% | October 31, 2017 | |||||||
Dynamic Bearish U.S. Equity Fund | 0.53 | % | (0.05 | )% | October 31, 2017 | |||||||
Dynamic Long/Short U.S. Equity Fund | 0.53 | % | (0.05 | )% | October 31, 2017 |
1 | WTAM has contractually agreed to waive a portion of its advisory fee by the waiver amount listed per annum based on the average daily net assets through the expiration date listed, unless earlier terminated by the Board of Trustees of the Trust for any reason. The dollar amount of contractual fee waivers are included in “Expense waivers” on the Statements of Operations. |
2 | 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 (currently, approximately 0.38% per annum), as well as an additional 0.10% per annum. |
3 | 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 (currently, approximately 0.43% per annum). |
4 | Effective June 30, 2017. |
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 fiscal year or period ended June 30, 2017 are as follows:
Fund | Value at 6/30/2016 | Purchases/ Additions | Sales/ Reductions | Value at 6/30/2017 | Dividend Income | |||||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund1 | ||||||||||||||||||||
WisdomTree International Quality Dividend Growth Fund | $ | — | $ | 2,079,371 | $ | 100,888 | $ | 2,329,087 | $ | 33,123 | ||||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||||||||||
WisdomTree Global SmallCap Dividend Fund | $ | 35,194,942 | $ | 2,990,522 | $ | 18,009,232 | $ | 24,468,302 | $ | 721,188 |
1 | For the period November 3, 2016 (commencement of operations) through June 30, 2017. |
During the fiscal year ended June 30, 2017, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended June 30, 2017, 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 Fund | $ | 35,929 | $ | 54,999 | $ | (4,233 | ) | |||||
Dynamic Currency Hedged International Equity Fund | 15,702,564 | 11,509,557 | (1,096,454 | ) | ||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 228,976 | 270,543 | (12,587 | ) | ||||||||
Dynamic Currency Hedged Japan Equity Fund | 53,125 | 80,476 | (1,888 | ) | ||||||||
Europe Domestic Economy Fund | 98,106 | 118,168 | (800 | ) |
WTAM or its affiliates may from time to time own shares of a Fund. As of June 30, 2017, WTAM held shares of the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:
Fund | Fund Shares held by WTAM | Market Value of Fund Shares held by WTAM | Dividends paid to WTAM on Fund Shares held by WTAM | |||||||||
Dynamic Currency Hedged International Equity Fund | 884 | $ | 25,150 | $ | 665 | |||||||
Dynamic Currency Hedged International SmallCap Equity Fund* | — | — | 7 | |||||||||
Emerging Markets Dividend Fund | 345 | 10,347 | 90 | |||||||||
Fundamental U.S. Corporate Bond Fund | 167 | 8,298 | 50 |
154 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Notes to Financial Statements (continued)
Fund | Fund Shares held by WTAM | Market Value of Fund Shares held by WTAM | Dividends paid to WTAM on Fund Shares held by WTAM | |||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund* | — | $ | — | $ | 283 | |||||||
Dynamic Bearish U.S. Equity Fund | 82 | 2,110 | — | |||||||||
Dynamic Long/Short U.S. Equity Fund | 71 | 2,145 | 26 |
* | No shares were held in this Fund by WTAM at the end of the period. |
At June 30, 2017, approximately 88% of the Global SmallCap Dividend Fund’s outstanding shares was held by an affiliated fund.
4. CAPITAL SHARE TRANSACTIONS
As of June 30, 2017, 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 portfolio of equity securities 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 fiscal year or period ended June 30, 2017 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 Fund | $ | 542,134 | $ | 460,395 | $ | — | $ | 3,979,160 | ||||||||
Dynamic Currency Hedged International Equity Fund | 89,489,089 | 90,157,900 | 183,507,291 | 25,888,540 | ||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund1 | 86,363 | 100,888 | 1,993,008 | — | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 1,412,448 | 1,429,069 | 1,448,550 | 1,165,276 | ||||||||||||
Dynamic Currency Hedged Japan Equity Fund | 1,221,822 | 640,536 | — | 3,047,534 | ||||||||||||
Emerging Markets Dividend Fund | 4,527,632 | 987,574 | 4,899,822 | — | ||||||||||||
Europe Domestic Economy Fund | 369,110 | 359,936 | 1,358,762 | 2,553,405 | ||||||||||||
Global ex-Mexico Equity Fund2 | 4,352,473 | 203,219 | 46,689,386 | — | ||||||||||||
Global Hedged SmallCap Dividend Fund | 797,565 | 636,039 | 2,192,957 | 17,373,193 | ||||||||||||
Global SmallCap Dividend Fund | 16,270,873 | 8,958,395 | 2,593,395 | 23,633,808 | ||||||||||||
Strong Dollar Emerging Markets Equity Fund | 4,264,198 | 6,647,673 | 393,209 | 786,838 | ||||||||||||
U.S. Domestic Economy Fund | 635,239 | 1,604,385 | 2,821,566 | 1,167,446 | ||||||||||||
U.S. Export and Multinational Fund | 704,313 | 1,614,448 | 1,411,720 | 1,204,077 | ||||||||||||
Fundamental U.S. Corporate Bond Fund | 2,208,860 | 3 | 2,193,146 | — | — | |||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 2,575,616 | 2,562,810 | — | — | ||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 2,030,789 | 1,858,819 | — | — | ||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 3,416,094 | 3,571,238 | — | — | ||||||||||||
Dynamic Bearish U.S. Equity Fund | 8,114,915 | 9,380,878 | 9,863,166 | 15,684,276 | ||||||||||||
Dynamic Long/Short U.S. Equity Fund | 38,548,350 | 39,643,236 | 42,456,566 | 10,999,483 |
1 | For the period November 3, 2016 (commencement of operations) through June 30, 2017. |
2 | For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
3 | Includes cost of purchases of U.S. Government securities in the amount of $9,864. |
WisdomTree Trust Annual Report June 30, 2017 | 155 |
Table of Contents
Notes to Financial Statements (continued)
6. FEDERAL INCOME TAXES
At June 30, 2017, 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 | $ | 1,260,595 | $ | 232,252 | $ | (15,763 | ) | $ | 216,489 | |||||||
Dynamic Currency Hedged International Equity Fund | 415,258,904 | 42,059,793 | (5,065,108 | ) | 36,994,685 | |||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 1,987,219 | 341,868 | — | 341,868 | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 2,820,626 | 289,951 | (29,382 | ) | 260,569 | |||||||||||
Dynamic Currency Hedged Japan Equity Fund | 2,490,223 | 314,933 | (50,152 | ) | 264,781 | |||||||||||
Emerging Markets Dividend Fund | 10,938,289 | 1,072,456 | (170,099 | ) | 902,357 | |||||||||||
Europe Domestic Economy Fund | 2,670,453 | 196,824 | (63,512 | ) | 133,312 | |||||||||||
Global ex-Mexico Equity Fund | 50,933,986 | 574,821 | (498,674 | ) | 76,147 | |||||||||||
Global Hedged SmallCap Dividend Fund | 19,828,112 | 5,726,940 | — | 5,726,940 | ||||||||||||
Global SmallCap Dividend Fund | 23,918,684 | 5,371,309 | (406,282 | ) | 4,965,027 | |||||||||||
Strong Dollar Emerging Markets Equity Fund | 5,082,356 | 899,079 | (325,369 | ) | 573,710 | |||||||||||
U.S. Domestic Economy Fund | 2,102,396 | 91,511 | (52,594 | ) | 38,917 | |||||||||||
U.S. Export and Multinational Fund | 677,630 | 61,354 | (10,459 | ) | 50,895 | |||||||||||
Fundamental U.S. Corporate Bond Fund | 4,933,067 | 30,738 | (43,197 | ) | (12,459 | ) | ||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 4,921,266 | 204,657 | (18,338 | ) | 186,319 | |||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 4,936,898 | 9,008 | (16,223 | ) | (7,215 | ) | ||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 4,732,150 | 89,372 | (13,773 | ) | 75,599 | |||||||||||
Dynamic Bearish U.S. Equity Fund | 5,110,494 | 278,889 | (64,555 | ) | 214,334 | |||||||||||
Dynamic Long/Short U.S. Equity Fund | 52,380,649 | 3,170,192 | (635,011 | ) | 2,535,181 |
At June 30, 2017, the components of accumulated earnings/(loss) on a tax-basis were as follows:
Fund | Undistributed Ordinary Income | Undistributed Capital and Other Gains/(Losses) | Net Unrealized Appreciation/ (Depreciation) | Currency and Other Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/(Losses) | |||||||||||||||
Dynamic Currency Hedged Europe Equity Fund | $ | — | $ | — | $ | 216,489 | $ | 71 | $ | 216,560 | ||||||||||
Dynamic Currency Hedged International Equity Fund | — | (8,406,511 | ) | 36,994,685 | (11,926 | ) | 28,576,248 | |||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | — | — | 341,868 | (459 | ) | 341,409 | ||||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 5,503 | (32,481 | ) | 260,569 | (376 | ) | 233,215 | |||||||||||||
Dynamic Currency Hedged Japan Equity Fund | 58,627 | (179,226 | ) | 264,781 | 16 | 144,198 | ||||||||||||||
Emerging Markets Dividend Fund | 82,869 | (23,301 | ) | 902,357 | (694 | ) | 961,231 | |||||||||||||
Europe Domestic Economy Fund | 1,531 | (90,687 | ) | 133,312 | 24 | 44,180 | ||||||||||||||
Global ex-Mexico Equity Fund | 47,184 | (33,265 | ) | 76,147 | 214 | 90,280 | ||||||||||||||
Global Hedged SmallCap Dividend Fund | — | (624,584 | ) | 5,726,940 | 4,963 | 5,107,319 | ||||||||||||||
Global SmallCap Dividend Fund | 92,797 | (443,555 | ) | 4,965,027 | 298 | 4,614,567 | ||||||||||||||
Strong Dollar Emerging Markets Equity Fund | 83,220 | �� | 263,566 | 573,710 | (22 | ) | 920,474 | |||||||||||||
U.S. Domestic Economy Fund | 6,908 | (62,985 | ) | 38,917 | — | (17,160 | ) | |||||||||||||
U.S. Export and Multinational Fund | 458 | (53,898 | ) | 50,895 | — | (2,545 | ) | |||||||||||||
Fundamental U.S. Corporate Bond Fund | 7,417 | (6,017 | ) | (12,459 | ) | — | (11,059 | ) | ||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 29,414 | 14,280 | 186,319 | — | 230,013 | |||||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 3,523 | (2,842 | ) | (7,215 | ) | — | (6,534 | ) | ||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 34,157 | 29,181 | 75,599 | — | 138,937 | |||||||||||||||
Dynamic Bearish U.S. Equity Fund | — | (1,100,184 | ) | 214,334 | — | (885,850 | ) | |||||||||||||
Dynamic Long/Short U.S. Equity Fund | 455,957 | (518,935 | ) | 2,535,181 | (1 | ) | 2,472,202 |
156 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Notes to Financial Statements (continued)
The tax character of distributions paid during the fiscal years or periods ended June 30, 2017 and June 30, 2016, was as follows:
Year or Periods Ended June 30, 2017 | Periods Ended June 30, 2016 | |||||||||||||||||||||||
Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Long-Term Capital Gains | Distributions Paid from Return of Capital | Distributions Paid from Ordinary Income* | Distributions Paid from Long-Term Capital Gains | Distributions Paid from Return of Capital | ||||||||||||||||||
Dynamic Currency Hedged Europe Equity Fund | $ | 70,704 | $ | 22,778 | $ | — | $ | 113,002 | 1 | $ | — | $ | — | |||||||||||
Dynamic Currency Hedged International Equity Fund | 12,076,520 | 4,622,865 | — | 2,572,751 | 1 | — | — | |||||||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund2 | 14,208 | — | 1,288 | — | — | — | ||||||||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 61,314 | — | — | 47,502 | 1 | — | — | |||||||||||||||||
Dynamic Currency Hedged Japan Equity Fund | 71,748 | — | — | 37,001 | 1 | — | — | |||||||||||||||||
Emerging Markets Dividend Fund | 164,213 | — | — | 12,501 | 3 | — | — | |||||||||||||||||
Europe Domestic Economy Fund | 59,154 | — | — | 73,190 | 4 | — | — | |||||||||||||||||
Global ex-Mexico Equity Fund5 | 14,500 | — | — | — | — | — | ||||||||||||||||||
Global Hedged SmallCap Dividend Fund | 692,894 | — | — | 459,192 | 6 | — | — | |||||||||||||||||
Global SmallCap Dividend Fund | 809,961 | — | — | 511,968 | 7 | — | — | |||||||||||||||||
Strong Dollar Emerging Markets Equity Fund | 136,065 | — | — | 2,068 | 4 | — | — | |||||||||||||||||
U.S. Domestic Economy Fund | 26,923 | — | — | 24,832 | 8 | — | — | |||||||||||||||||
U.S. Export and Multinational Fund | 19,918 | — | — | 21,554 | 8 | — | — | |||||||||||||||||
Fundamental U.S. Corporate Bond Fund | 154,730 | — | — | 21,000 | 9 | — | — | |||||||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 315,932 | — | — | 45,001 | 9 | — | — | |||||||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 76,502 | — | — | 11,000 | 9 | — | — | |||||||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 296,659 | — | — | 49,001 | 9 | — | — | |||||||||||||||||
Dynamic Bearish U.S. Equity Fund | — | — | — | — | — | 15,750 | 10 | |||||||||||||||||
Dynamic Long/Short U.S. Equity Fund | 523,310 | — | — | 56,252 | 10 | — | — |
* | 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 November 3, 2016 (commencement of operations) through June 30, 2017. |
3 | For the period April 7, 2016 (commencement of operations) through June 30, 2016. |
4 | For the period October 29, 2015 (commencement of operations) through June 30, 2016. |
5 | For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
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 July 21, 2015 (commencement of operations) through June 30, 2016. |
9 | For the period April 27, 2016 (commencement of operations) through June 30, 2016. |
10 | For the period December 23, 2015 (commencement of operations) through June 30, 2016. |
At June 30, 2017, 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 | $ | — | $ | — | $ | — | ||||||
Dynamic Currency Hedged International Equity Fund | — | — | — | |||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | — | — | — | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 32,481 | — | 32,481 | |||||||||
Dynamic Currency Hedged Japan Equity Fund | 105,273 | 73,953 | 179,226 | |||||||||
Emerging Markets Dividend Fund | 15,181 | 281 | 15,462 | |||||||||
Europe Domestic Economy Fund | 50,872 | 39,815 | 90,687 | |||||||||
Global ex-Mexico Equity Fund | 30,341 | 2,924 | 33,265 | |||||||||
Global Hedged SmallCap Dividend Fund | 330,783 | 281,187 | 611,970 |
WisdomTree Trust Annual Report June 30, 2017 | 157 |
Table of Contents
Notes to Financial Statements (continued)
Fund | Short-Term Post-Effective No Expiration | Long-Term Post-Effective No Expiration | Capital Loss Available Total | |||||||||
Global SmallCap Dividend Fund | $ | 415,255 | $ | 28,300 | $ | 443,555 | ||||||
Strong Dollar Emerging Markets Equity Fund | — | — | — | |||||||||
U.S. Domestic Economy Fund | 28,389 | 34,596 | 62,985 | |||||||||
U.S. Export and Multinational Fund | 31,944 | 21,954 | 53,898 | |||||||||
Fundamental U.S. Corporate Bond Fund | — | — | — | |||||||||
Fundamental U.S. High Yield Corporate Bond Fund | — | — | — | |||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 2,667 | 175 | 2,842 | |||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | — | — | — | |||||||||
Dynamic Bearish U.S. Equity Fund | 431,766 | — | 431,766 | |||||||||
Dynamic Long/Short U.S. Equity Fund | 100,934 | — | 100,934 |
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 fiscal year or period ended June 30, 2017, 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 Fund | $ | — | $ | — | $ | — | ||||||
Dynamic Currency Hedged International Equity Fund | 889,776 | 2,507,616 | 5,009,119 | |||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | — | — | — | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | — | — | — | |||||||||
Dynamic Currency Hedged Japan Equity Fund | — | — | — | |||||||||
Emerging Markets Dividend Fund | — | 3,060 | 4,779 | |||||||||
Europe Domestic Economy Fund | — | — | — | |||||||||
Global ex-Mexico Equity Fund | — | — | — | |||||||||
Global Hedged SmallCap Dividend Fund | 3,844 | 8,770 | — | |||||||||
Global SmallCap Dividend Fund | — | — | — | |||||||||
Strong Dollar Emerging Markets Equity Fund | — | — | — | |||||||||
U.S. Domestic Economy Fund | — | — | — | |||||||||
U.S. Export and Multinational Fund | — | — | — | |||||||||
Fundamental U.S. Corporate Bond Fund | — | 7,439 | (1,422 | ) | ||||||||
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 | 419,109 | 251,760 | (2,451 | ) | ||||||||
Dynamic Long/Short U.S. Equity Fund | — | 515,525 | (97,524 | ) |
During the fiscal year or period ended June 30, 2017, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:
Fund | Utilized Capital Loss Carryforward | |||
Dynamic Currency Hedged Europe Equity Fund | $ | 22,180 | ||
Dynamic Currency Hedged International Equity Fund | 2,440,517 | |||
Dynamic Currency Hedged International Quality Dividend Growth Fund1 | — | |||
Dynamic Currency Hedged International SmallCap Equity Fund | 77,940 | |||
Dynamic Currency Hedged Japan Equity Fund | 162,168 | |||
Emerging Markets Dividend Fund | — | |||
Europe Domestic Economy Fund | — | |||
Global ex-Mexico Equity Fund2 | — | |||
Global Hedged SmallCap Dividend Fund | 332,307 | |||
Global SmallCap Dividend Fund | — | |||
Strong Dollar Emerging Markets Equity Fund | 57,576 |
158 | WisdomTree Trust Annual Report June 30, 2017 |
Table of Contents
Notes to Financial Statements (concluded)
Fund | Utilized Capital Loss Carryforward | |||
U.S. Domestic Economy Fund | $ | — | ||
U.S. Export and Multinational Fund | — | |||
Fundamental U.S. Corporate Bond Fund | 138 | |||
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 | — | |||
Dynamic Long/Short U.S. Equity Fund | 108,119 |
1 | For the period November 3, 2016 (commencement of operations) through June 30, 2017. |
2 | For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
At June 30, 2017, 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 | $ | (33,410 | ) | $ | (619,904 | ) | $ | 653,314 | ||||
Dynamic Currency Hedged International Equity Fund | (2,114,790 | ) | (4,947,580 | ) | 7,062,370 | |||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | (17,432 | ) | 17,432 | — | ||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | (3,306 | ) | (83,239 | ) | 86,545 | |||||||
Dynamic Currency Hedged Japan Equity Fund | 53,191 | (618,550 | ) | 565,359 | ||||||||
Emerging Markets Dividend Fund | 8,980 | (8,980 | ) | — | ||||||||
Europe Domestic Economy Fund | 253 | (216,169 | ) | 215,916 | ||||||||
Global ex-Mexico Equity Fund | 3,401 | (3,401 | ) | — | ||||||||
Global Hedged SmallCap Dividend Fund | (42,506 | ) | (3,285,816 | ) | 3,328,322 | |||||||
Global SmallCap Dividend Fund | 31,741 | (4,922,256 | ) | 4,890,515 | ||||||||
Strong Dollar Emerging Markets Equity Fund | 50,604 | (466,587 | ) | 415,983 | ||||||||
U.S. Domestic Economy Fund | 2,538 | (208,257 | ) | 205,719 | ||||||||
U.S. Export and Multinational Fund | — | (198,015 | ) | 198,015 | ||||||||
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 | (527,055 | ) | (565,836 | ) | 1,092,891 | |||||||
Dynamic Long/Short U.S. Equity Fund | 12,415 | (1,846,550 | ) | 1,834,135 |
These differences are primarily due to redemptions-in-kind, foreign currency gains and losses, distribution re-designations, non-deductible excise tax, passive foreign investment companies, swap contracts, utilization of earnings and profits distributed to shareholders on redemption of shares, partnership adjustments, and foreign capital gains tax.
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 fiscal year or period ended June 30, 2017, 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. Generally, each of the tax years in the two-year period ended June 30, 2017, remains subject to examination by taxing authorities.
7. RECENT ACCOUNTING PRONOUNCEMENT
In October 2016, the SEC adopted new rules and amended existing rules (together, the “final rules”) intended to modernize the reporting and disclosure of information provided by registered investment companies. In part, the final rules amend Regulation S-X and require standardized, enhanced disclosure about derivatives in investment company financial statements, as well as other provisions. The effective date of the Regulation S-X amendments is August 1, 2017 and will apply to funds with fiscal periods ending after August 1, 2017. WTAM has evaluated the impact that the adoption of the amendments to Regulation S-X will have on the Trust’s financial statements and related disclosures and has determined there is no material impact.
WisdomTree Trust Annual Report June 30, 2017 | 159 |
Table of Contents
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 Quality Dividend Growth Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Domestic Economy Fund (formerly, WisdomTree Europe Local Recovery Fund), WisdomTree Global ex-Mexico Equity Fund, WisdomTree Global Hedged SmallCap Dividend Fund, WisdomTree Global SmallCap Dividend Fund, WisdomTree Strong Dollar Emerging Markets Equity Fund, WisdomTree U.S. Domestic Economy Fund (formerly, WisdomTree Strong Dollar U.S. Equity Fund), WisdomTree U.S. Export and Multinational Fund (formerly, 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, nineteen of the investment funds included in the WisdomTree Trust (the “Trust”), as of June 30, 2017, 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, 2017, 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 Quality Dividend Growth Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Domestic Economy Fund (formerly, WisdomTree Europe Local Recovery Fund), WisdomTree Global ex-Mexico Equity Fund, WisdomTree Global Hedged SmallCap Dividend Fund, WisdomTree Global SmallCap Dividend Fund, WisdomTree Strong Dollar Emerging Markets Equity Fund, WisdomTree U.S. Domestic Economy Fund (formerly, WisdomTree Strong Dollar U.S. Equity Fund), WisdomTree U.S. Export and Multinational Fund (formerly, 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, nineteen of the investment funds included in the Trust, at June 30, 2017, 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 24, 2017
160 | WisdomTree Trust Annual Report June 30, 2017 |
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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 Global ex-Mexico Equity Fund (the “Fund”)
At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”), 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 the 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 the 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 Fund. 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 Fund. The Board noted that the strategies represented by the Fund is unique, based on WTI’s intellectual property and are only available for use by the Fund through WTAM. The Board noted WTAM’s belief that shareholders will invest in the Fund 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 Fund based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Fund, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to the 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 Fund’s portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Fund. The Board also considered research support available to, and management capabilities of, the Fund’s 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 Fund’s Performance, Advisory Fees and Fund Expenses. As the Fund had not yet commenced operations, the Board was not able to review the Fund’s performance. The Board discussed with WTAM representatives the portfolio management team and the investment strategies to be employed in the management of the 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 the Fund. The Board examined the fee to be paid by the 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 the 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 Fund) and not the Fund. The Board considered the meaningful differences in the services that WTAM will provide to the Fund 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 Fund’s 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 Fund 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
WisdomTree Trust Annual Report June 30, 2017 | 161 |
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Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) (concluded)
ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Fund 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 Fund, the Board would seek to have those economies of scale shared with the Fund 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.
162 | WisdomTree Trust Annual Report June 30, 2017 |
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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). | 89 | Trustee, Vericimetry Funds (2011 to 2014); Director, Bennett Group of Funds (2011 to 2013); Trustee, del Rey Global Investors Funds (2011 to 2012). | ||||
Joel Goldberg# (1945) | Trustee, 2012- present | Retired. Previously, Attorney, Of Counsel at Stroock & Stroock & Lavan LLP (“Stroock”) from 2014-2017; Attorney, Partner at Stroock from 2010 to 2013; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010. | 89 | 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 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990. | 89 | None | ||||
Melinda A. Raso Kirstein‡ (1955) | Trustee, 2014- present | Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management. | 89 | 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. | 89 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016) |
* | As of June 30, 2017. |
^ | Chair of the Audit Committee. |
# | Chair of the Contracts Review Committee. |
† | Chair of the Governance, Nominating and Compliance Committee. |
‡ | Chair of the Investment Committee. |
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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. | 89 | 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. | 89 | 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. | 89 | 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. | 89 | 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. | 89 | 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. | 89 | None |
* | As of June 30, 2017. |
** | Elected by and serves at the pleasure of the Board. |
164 | WisdomTree Trust Annual Report June 30, 2017 |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year or period ended June 30, 2017, 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 2018.
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 fiscal year or period ended June 30, 2017, 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 Fund | $ | 70,704 | ||
Dynamic Currency Hedged International Equity Fund | 11,183,004 | |||
Dynamic Currency Hedged International Quality Dividend Growth Fund1 | 14,208 | |||
Dynamic Currency Hedged International SmallCap Equity Fund | 60,072 | |||
Dynamic Currency Hedged Japan Equity Fund | 71,748 | |||
Emerging Markets Dividend Fund | 159,390 | |||
Europe Domestic Economy Fund | 59,154 | |||
Global ex-Mexico Equity Fund2 | 14,500 | |||
Global Hedged SmallCap Dividend Fund | 567,635 | |||
Global SmallCap Dividend Fund | 647,572 | |||
Strong Dollar Emerging Markets Equity Fund | 67,694 | |||
U.S. Domestic Economy Fund | 26,923 | |||
U.S. Export and Multinational Fund | 19,918 | |||
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 | — | |||
Dynamic Long/Short U.S. Equity Fund | 523,310 |
1 | For the period November 3, 2016 (commencement of operations) through June 30, 2017. |
2 | For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
The Funds designate the following amount of ordinary income distributions paid during the fiscal year or period ended June 30, 2017 from qualified short-term gains and qualified interest income:
Fund | Qualified Short- Term Gains | Qualified Interest Income | ||||||
Dynamic Currency Hedged Europe Equity Fund | 0.00 | % | 0.00 | % | ||||
Dynamic Currency Hedged International Equity Fund | 100.00 | % | 0.00 | % | ||||
Dynamic Currency Hedged International Quality Dividend Growth Fund1 | 0.00 | % | 0.00 | % | ||||
Dynamic Currency Hedged International SmallCap Equity Fund | 0.00 | % | 0.00 | % | ||||
Dynamic Currency Hedged Japan Equity Fund | 0.00 | % | 0.00 | % | ||||
Emerging Markets Dividend Fund | 0.00 | % | 0.00 | % | ||||
Europe Domestic Economy Fund | 0.00 | % | 0.00 | % | ||||
Global ex-Mexico Equity Fund2 | 0.00 | % | 0.00 | % | ||||
Global Hedged SmallCap Dividend Fund | 0.00 | % | 0.00 | % | ||||
Global SmallCap Dividend Fund | 0.00 | % | 0.00 | % | ||||
Strong Dollar Emerging Markets Equity Fund | 0.00 | % | 0.00 | % | ||||
U.S. Domestic Economy Fund | 0.00 | % | 0.00 | % | ||||
U.S. Export and Multinational Fund | 0.00 | % | 0.00 | % | ||||
Fundamental U.S. Corporate Bond Fund | 100.00 | % | 100.00 | % | ||||
Fundamental U.S. High Yield Corporate Bond Fund | 100.00 | % | 100.00 | % | ||||
Fundamental U.S. Short-Term Corporate Bond Fund | 0.00 | % | 100.00 | % | ||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 100.00 | % | 100.00 | % | ||||
Dynamic Bearish U.S. Equity Fund | 0.00 | % | 0.00 | % | ||||
Dynamic Long/Short U.S. Equity Fund | 0.00 | % | 0.00 | % |
1 | For the period November 3, 2016 (commencement of operations) through June 30, 2017. |
2 | For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
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Supplemental Information (unaudited) (concluded)
The following represents the percentage of dividends paid during the fiscal year ended June 30, 2017, that qualify for the 70% dividends received deduction for corporate shareholders:
Fund | Dividends-Received Deduction | |||
Dynamic Currency Hedged Europe Equity Fund | — | |||
Dynamic Currency Hedged International Equity Fund | — | |||
Dynamic Currency Hedged International Quality Dividend Growth Fund1 | — | |||
Dynamic Currency Hedged International SmallCap Equity Fund | — | |||
Dynamic Currency Hedged Japan Equity Fund | — | |||
Emerging Markets Dividend Fund | — | |||
Europe Domestic Economy Fund | — | |||
Global ex-Mexico Equity Fund2 | 23.51 | % | ||
Global Hedged SmallCap Dividend Fund | 35.32 | % | ||
Global SmallCap Dividend Fund | 35.83 | % | ||
Strong Dollar Emerging Markets Equity Fund | — | |||
U.S. Domestic Economy Fund | 90.13 | % | ||
U.S. Export and Multinational Fund | 100.00 | % | ||
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 | — | |||
Dynamic Long/Short U.S. Equity Fund | 58.74 | % |
1 | For the period November 3, 2016 (commencement of operations) through June 30, 2017. |
2 | For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year or period ended June 30, 2017, 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 Fund | $ | 74,258 | $ | 8,922 | ||||
Dynamic Currency Hedged International Equity Fund | 12,222,695 | 909,459 | ||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund1 | 33,123 | 879 | ||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 68,578 | 6,532 | ||||||
Dynamic Currency Hedged Japan Equity Fund | 96,877 | 12,274 | ||||||
Emerging Markets Dividend Fund | 253,438 | 28,304 | ||||||
Europe Domestic Economy Fund | 68,054 | 11,089 | ||||||
Global ex-Mexico Equity Fund2 | — | — | ||||||
Global Hedged SmallCap Dividend Fund | — | — | ||||||
Global SmallCap Dividend Fund | — | — | ||||||
Strong Dollar Emerging Markets Equity Fund | 209,322 | 35,520 | ||||||
U.S. Domestic Economy Fund | — | — | ||||||
U.S. Export and Multinational Fund | — | — | ||||||
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 | — | — | ||||||
Dynamic Long/Short U.S. Equity Fund | — | — |
1 | For the period November 3, 2016 (commencement of operations) through June 30, 2017. |
2 | For the period February 10, 2017 (commencement of operations) through June 30, 2017. |
166 | WisdomTree Trust Annual Report June 30, 2017 |
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, 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.
WisdomTree Trust Annual Report June 30, 2017 | 167 |
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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, 2017:
WisdomTree Domestic Earnings and Dividend Funds
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
WisdomTree U.S. Earnings 500 Fund (EPS)
WisdomTree U.S. High Dividend Fund (DHS)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
WisdomTree U.S. LargeCap Value Fund (EZY)
WisdomTree U.S. MidCap Dividend Fund (DON)
WisdomTree U.S. MidCap Earnings Fund (EZM)
WisdomTree U.S. Multifactor Fund (USMF)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
WisdomTree U.S. SmallCap Dividend Fund (DES)
WisdomTree U.S. SmallCap Earnings Fund (EES)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
WisdomTree U.S. Total Dividend Fund (DTD)
WisdomTree U.S. Total Earnings Fund (EXT) 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 Quality Dividend Growth Fund (DHDG)
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 Domestic Economy Fund (EDOM)
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 Quality Dividend Growth Fund (IHDG)
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 SmallCap Dividend Fund (DFJ) 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 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 High Dividend Fund (DEW)
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 U.S. Domestic Economy Fund (WUSA) WisdomTree U.S. Export and Multinational Fund (WEXP)
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 Emerging Currency Strategy Fund (CEW)
WisdomTree Fixed Income Funds
WisdomTree Asia Local Debt Fund (ALD)
WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund (AGGY) WisdomTree Barclays Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG)
WisdomTree Barclays Negative Duration U.S. Aggregate Bond Fund (AGND)
WisdomTree Barclays Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD)
WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)
WisdomTree Negative Duration High Yield Bond Fund (HYND)
WisdomTree Interest Rate Hedged High Yield Bond 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 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 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 Quality Dividend Growth Fund (DHDG)
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 Domestic Economy Fund (EDOM)
(formerly, WisdomTree Europe Local Recovery Fund (EZR))
WisdomTree Global ex-Mexico Equity Fund (XMX)
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 U.S. Domestic Economy Fund (WUSA)
(formerly, WisdomTree Strong Dollar U.S. Equity Fund (USSD))
WisdomTree U.S. Export and Multinational Fund (WEXP)
(formerly, 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)
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.
WTGM-2371
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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 13(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 year ended June 30, 2017 and 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 were $464,915 and $414,560. |
Audit-Related Fees
(b) | The aggregate fees billed for the fiscal year ended June 30, 2017 and 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 were $0 and $0. |
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Tax Fees
(c) | The aggregate fees billed for the fiscal year ended June 30, 2017 and 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 were $146,585 and $14,900. |
All Other Fees
(d) | The aggregate fees billed for the fiscal year ended June 30, 2017 and 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 were $0 and $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 year ended June 30, 2017 and the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 were $146,585 and $14,900. |
(h) | Not applicable. |
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.
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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)). |
(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. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies |
Not applicable.
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Item 13. | 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, 2017 |
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, 2017 | ||
By (Signature and Title) | /s/ David Castano | |
David Castano, Treasurer | ||
(principal financial officer) | ||
Date: September 1, 2017 |