Table of Contents
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: December 31, 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.
Table of Contents
Item 1. | Reports to Stockholders. |
The Report to Shareholders is attached herewith.
Table of Contents
WisdomTree Trust
Semi-Annual Report
December 31, 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)
WisdomTree Global ex-Mexico Equity Fund (XMX)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
WisdomTree Global SmallCap Dividend Fund (GSD)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
U.S. Equity ETFs:
WisdomTree U.S. Domestic Economy Fund (WUSA)
WisdomTree U.S. Export and Multinational Fund (WEXP)
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)
Asset Allocation ETFs:
WisdomTree Balanced Income Fund (WBAL)
Table of Contents
1 | ||||
22 | ||||
26 | ||||
Schedules of Investments (unaudited) | ||||
29 | ||||
WisdomTree Dynamic Currency Hedged International Equity Fund | 33 | |||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | 45 | |||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 49 | |||
62 | ||||
67 | ||||
77 | ||||
80 | ||||
87 | ||||
94 | ||||
101 | ||||
107 | ||||
110 | ||||
115 | ||||
118 | ||||
120 | ||||
122 | ||||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 124 | |||
126 | ||||
129 | ||||
131 | ||||
132 | ||||
137 | ||||
142 | ||||
149 | ||||
160 | ||||
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) | 177 | |||
182 |
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Financials | 23.8% | |||
Industrials | 13.2% | |||
Consumer Discretionary | 13.1% | |||
Utilities | 10.7% | |||
Consumer Staples | 9.6% | |||
Energy | 7.6% | |||
Materials | 7.1% | |||
Telecommunication Services | 5.6% | |||
Health Care | 4.6% | |||
Information Technology | 3.2% | |||
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 12/31/17
Description | % of Net Assets | |||
Anheuser-Busch InBev S.A. | 3.6% | |||
TOTAL S.A. | 2.8% | |||
Daimler AG, Registered Shares | 2.8% | |||
Allianz SE, Registered Shares | 2.6% | |||
Eni SpA | 2.1% | |||
Siemens AG, Registered Shares | 2.1% | |||
BASF SE | 2.0% | |||
ING Groep N.V. | 1.9% | |||
Banco Santander S.A. | 1.9% | |||
Enel SpA | 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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 8.05 | % | 21.36 | % | 16.91 | % | ||||||
Fund Market Price Returns | 7.48 | % | 22.23 | % | 17.55 | % | ||||||
WisdomTree Dynamic Currency Hedged Europe Equity Index | 8.02 | % | 21.31 | % | 17.01 | % | ||||||
MSCI European Economic and Monetary Union (EMU) Local Currency Index | 3.78 | % | 12.63 | % | 11.65 | % | ||||||
MSCI European Economic and Monetary Union (EMU) Index | 9.20 | % | 28.07 | % | 17.56 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 | 1 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Financials | 22.4% | |||
Industrials | 12.8% | |||
Consumer Discretionary | 12.1% | |||
Consumer Staples | 9.5% | |||
Energy | 9.2% | |||
Health Care | 8.2% | |||
Telecommunication Services | 7.3% | |||
Materials | 6.4% | |||
Utilities | 5.6% | |||
Information Technology | 3.7% | |||
Real Estate | 2.8% | |||
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 12/31/17
Description | % of Net Assets | |||
Royal Dutch Shell PLC, Class B | 1.8% | |||
HSBC Holdings PLC | 1.6% | |||
BP PLC | 1.6% | |||
Royal Dutch Shell PLC, Class A | 1.5% | |||
Novartis AG, Registered Shares | 1.4% | |||
Nestle S.A., Registered Shares | 1.3% | |||
Toyota Motor Corp. | 1.3% | |||
China Mobile Ltd. | 1.2% | |||
TOTAL S.A. | 1.1% | |||
Anheuser-Busch InBev 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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 8.72 | % | 18.52 | % | 16.45 | % | ||||||
Fund Market Price Returns | 8.28 | % | 18.83 | % | 16.62 | % | ||||||
WisdomTree Dynamic Currency Hedged International Equity Index | 8.72 | % | 18.47 | % | 16.52 | % | ||||||
MSCI EAFE Local Currency Index | 7.14 | % | 15.23 | % | 13.35 | % | ||||||
MSCI EAFE Index | 9.86 | % | 25.03 | % | 15.76 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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.
2 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Consumer Discretionary | 19.6% | |||
Consumer Staples | 19.3% | |||
Health Care | 19.2% | |||
Industrials | 16.9% | |||
Information Technology | 11.7% | |||
Materials | 5.0% | |||
Financials | 3.5% | |||
Real Estate | 3.4% | |||
Telecommunication Services | 0.9% | |||
Energy | 0.4% | |||
Other Assets less Liabilities‡ | 0.1% | |||
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 12/31/17
Description | % of Net Assets | |||
Roche Holding AG, Genusschein | 5.5% | |||
Novo Nordisk A/S, Class B | 5.5% | |||
Unilever N.V., CVA | 4.1% | |||
British American Tobacco PLC | 3.5% | |||
LVMH Moet Hennessy Louis Vuitton SE | 3.2% | |||
Diageo PLC | 3.1% | |||
Airbus SE | 2.6% | |||
Unilever PLC | 2.4% | |||
Industria de Diseno Textil S.A. | 2.3% | |||
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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of WisdomTree Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 8.18 | % | 24.69 | % | 24.84 | % | ||||||
Fund Market Price Returns | 8.30 | % | 24.88 | % | 24.89 | % | ||||||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index | 9.49 | % | 26.16 | % | 26.02 | % | ||||||
MSCI EAFE Local Currency Index | 7.14 | % | 15.23 | % | 21.06 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Industrials | 22.7% | |||
Consumer Discretionary | 20.4% | |||
Financials | 13.2% | |||
Materials | 9.4% | |||
Information Technology | 8.1% | |||
Real Estate | 7.2% | |||
Consumer Staples | 7.1% | |||
Health Care | 4.2% | |||
Energy | 3.2% | |||
Utilities | 2.9% | |||
Telecommunication Services | 1.8% | |||
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 12/31/17
Description | % of Net Assets | |||
Platinum Asset Management Ltd. | 0.6% | |||
Hanwa Co., Ltd. | 0.5% | |||
Air New Zealand Ltd. | 0.5% | |||
TalkTalk Telecom Group PLC | 0.5% | |||
Noevir Holdings Co., Ltd. | 0.4% | |||
IOOF Holdings Ltd. | 0.4% | |||
Vedanta Resources PLC | 0.4% | |||
AURELIUS Equity Opportunities SE & Co. KGaA | 0.4% | |||
Cofinimmo S.A. | 0.4% | |||
WH Smith PLC | 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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 11.24 | % | 25.02 | % | 20.53 | % | ||||||
Fund Market Price Returns | 10.81 | % | 26.68 | % | 21.13 | % | ||||||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Index | 11.38 | % | 25.39 | % | 21.07 | % | ||||||
MSCI EAFE Small Cap Local Currency Index | 11.39 | % | 23.02 | % | 17.09 | % | ||||||
MSCI EAFE Small Cap Index | 13.96 | % | 33.01 | % | 19.69 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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.
4 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Consumer Discretionary | 22.3% | |||
Industrials | 19.9% | |||
Financials | 15.6% | |||
Information Technology | 10.5% | |||
Consumer Staples | 7.1% | |||
Telecommunication Services | 6.6% | |||
Materials | 6.4% | |||
Health Care | 6.4% | |||
Real Estate | 2.6% | |||
Utilities | 1.3% | |||
Energy | 0.9% | |||
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 12/31/17
Description | % of Net Assets | |||
Toyota Motor Corp. | 5.2% | |||
NTT DOCOMO, Inc. | 2.5% | |||
Mitsubishi UFJ Financial Group, Inc. | 2.4% | |||
Nippon Telegraph & Telephone Corp. | 2.1% | |||
Canon, Inc. | 1.9% | |||
Nissan Motor Co., Ltd. | 1.8% | |||
Sumitomo Mitsui Financial Group, Inc. | 1.7% | |||
Japan Tobacco, Inc. | 1.7% | |||
Honda Motor Co., Ltd. | 1.7% | |||
Japan Post Holdings Co., Ltd. | 1.7% |
* | 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 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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 11.97 | % | 18.64 | % | 13.92 | % | ||||||
Fund Market Price Returns | 11.58 | % | 19.20 | % | 13.95 | % | ||||||
WisdomTree Dynamic Currency Hedged Japan Equity Index | 11.71 | % | 19.00 | % | 14.48 | % | ||||||
MSCI Japan Local Currency Index | 13.09 | % | 19.75 | % | 12.59 | % | ||||||
MSCI Japan Index | 12.80 | % | 23.99 | % | 15.32 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets Dividend Fund (DVEM)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Financials | 22.9 | % | ||
Information Technology | 18.3 | % | ||
Energy | 11.2 | % | ||
Materials | 11.1 | % | ||
Telecommunication Services | 7.5 | % | ||
Consumer Discretionary | 7.4 | % | ||
Consumer Staples | 6.6 | % | ||
Industrials | 6.1 | % | ||
Utilities | 4.4 | % | ||
Real Estate | 2.7 | % | ||
Health Care | 1.6 | % | ||
Other Assets less Liabilities‡ | 0.2 | % | ||
Total | 100.0 | % |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 12/31/17
Description | % of Net Assets | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 3.8% | |||
Samsung Electronics Co., Ltd. | 3.4% | |||
China Construction Bank Corp., Class H | 3.1% | |||
Hon Hai Precision Industry Co., Ltd. | 1.8% | |||
Gazprom PJSC, ADR | 1.6% | |||
Industrial & Commercial Bank of China Ltd., Class H | 1.6% | |||
China Mobile Ltd. | 1.5% | |||
Lukoil PJSC, ADR | 1.4% | |||
Bank of China Ltd., Class H | 1.1% | |||
MTN Group Ltd. | 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 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, 2017, the Fund’s annual expense ratio was 0.32%.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 13.53 | % | 27.49 | % | 22.57 | % | ||||||
Fund Market Price Returns | 13.16 | % | 27.94 | % | 23.00 | % | ||||||
WisdomTree Emerging Markets Dividend Index | 13.98 | % | 27.98 | % | 22.91 | % | ||||||
MSCI Emerging Markets Index | 15.92 | % | 37.28 | % | 26.05 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe Domestic Economy Fund (EDOM)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Financials | 30.1% | |||
Industrials | 27.8% | |||
Consumer Discretionary | 20.2% | |||
Information Technology | 6.9% | |||
Materials | 6.1% | |||
Energy | 5.3% | |||
Real Estate | 3.6% | |||
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 12/31/17
Description | % of Net Assets | |||
TOTAL S.A. | 1.7% | |||
Allianz SE, Registered Shares | 1.6% | |||
BNP Paribas S.A. | 1.3% | |||
ING Groep N.V. | 1.3% | |||
Siemens AG, Registered Shares | 1.2% | |||
Vinci S.A. | 1.1% | |||
Deutsche Post AG, Registered Shares | 1.1% | |||
AXA S.A. | 0.9% | |||
Intesa Sanpaolo SpA | 0.8% | |||
KBC Group N.V. | 0.8% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes 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 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, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 11.69 | % | 34.83 | % | 13.24 | % | ||||||
Fund Market Price Returns | 10.72 | % | 35.27 | % | 13.08 | % | ||||||
WisdomTree Europe Domestic Economy Index | 11.70 | % | 34.76 | % | 13.29 | % | ||||||
MSCI European Economic and Monetary Union (EMU) Index | 9.20 | % | 28.07 | % | 10.84 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global ex-Mexico Equity Fund (XMX)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Financials | 18.9% | |||
Information Technology | 17.6% | |||
Consumer Discretionary | 11.8% | |||
Industrials | 11.5% | |||
Health Care | 10.9% | |||
Consumer Staples | 8.7% | |||
Energy | 6.3% | |||
Materials | 5.3% | |||
Real Estate | 3.1% | |||
Telecommunication Services | 2.9% | |||
Utilities | 2.9% | |||
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 12/31/17
Description | % of Net Assets | |||
Apple, Inc. | 2.0% | |||
Microsoft Corp. | 1.5% | |||
Amazon.com, Inc. | 1.1% | |||
Alphabet, Inc., Class A | 1.0% | |||
Facebook, Inc., Class A | 0.9% | |||
Johnson & Johnson | 0.8% | |||
JPMorgan Chase & Co. | 0.8% | |||
Exxon Mobil Corp. | 0.8% | |||
Tencent Holdings Ltd. | 0.8% | |||
Berkshire Hathaway, Inc., Class B | 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 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, 2017, the Fund’s net and gross annual expense ratios were 0.30% and 0.35%, respectively. 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 Trust for any reason at any time.
Performance as of 12/31/17
Cumulative Total Return | ||||||||
6-Month | Since Inception1 | |||||||
Fund NAV Returns | 11.24 | % | 18.80 | % | ||||
Fund Market Price Returns | 10.71 | % | 18.43 | % | ||||
WisdomTree Global ex-Mexico Equity Index | 11.31 | % | 18.99 | % | ||||
MSCI AC World Index | 11.21 | % | 19.00 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on February 10, 2017. |
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. eastern time 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 Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Consumer Discretionary | 20.4% | |||
Industrials | 20.3% | |||
Financials | 13.6% | |||
Real Estate | 10.5% | |||
Information Technology | 8.1% | |||
Materials | 7.7% | |||
Consumer Staples | 6.2% | |||
Utilities | 5.2% | |||
Health Care | 2.6% | |||
Energy | 2.6% | |||
Telecommunication Services | 2.0% | |||
Investment Company | 0.5% | |||
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 12/31/17
Description | % of Net Assets | |||
Covanta Holding Corp. | 1.5% | |||
Waddell & Reed Financial, Inc., Class A | 1.0% | |||
Brinker International, Inc. | 0.9% | |||
Washington Prime Group, Inc. | 0.9% | |||
Guess?, Inc. | 0.8% | |||
Artisan Partners Asset Management, Inc., Class A | 0.8% | |||
NRG Yield, Inc., Class C | 0.7% | |||
CBL & Associates Properties, Inc. | 0.7% | |||
Kite Realty Group Trust | 0.6% | |||
Cheesecake Factory, Inc. (The) | 0.6% |
* | 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 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, 2017, 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 October 31, 2018, unless earlier terminated by the Board of Trustees of WisdomTree Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 8.65 | % | 12.27 | % | 16.42 | % | ||||||
Fund Market Price Returns | 8.73 | % | 11.79 | % | 16.24 | % | ||||||
WisdomTree Global Hedged SmallCap Dividend Index | 9.06 | % | 12.56 | % | 16.77 | % | ||||||
MSCI AC World Small Cap Local Currency Index | 10.84 | % | 19.43 | % | 14.47 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global SmallCap Dividend Fund (GSD)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Consumer Discretionary | 20.4% | |||
Industrials | 20.3% | |||
Financials | 13.6% | |||
Real Estate | 10.5% | |||
Information Technology | 8.1% | |||
Materials | 7.7% | |||
Consumer Staples | 6.2% | |||
Utilities | 5.2% | |||
Health Care | 2.6% | |||
Energy | 2.6% | |||
Telecommunication Services | 2.0% | |||
Investment Company | 0.5% | |||
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 12/31/17
Description | % of Net Assets | |||
Covanta Holding Corp. | 1.5% | |||
Waddell & Reed Financial, Inc., Class A | 1.0% | |||
Brinker International, Inc. | 0.9% | |||
Washington Prime Group, Inc. | 0.9% | |||
Guess?, Inc. | 0.8% | |||
Artisan Partners Asset Management, Inc., Class A | 0.8% | |||
NRG Yield, Inc., Class C | 0.7% | |||
CBL & Associates Properties, Inc. | 0.7% | |||
Kite Realty Group Trust | 0.6% | |||
Cheesecake Factory, Inc. (The) | 0.6% |
* | 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 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, 2017, the Fund’s annual expense ratio was 0.43%.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 9.40 | % | 15.43 | % | 18.36 | % | ||||||
Fund Market Price Returns | 9.41 | % | 15.65 | % | 18.46 | % | ||||||
WisdomTree Global SmallCap Dividend Index | 10.01 | % | 15.95 | % | 18.59 | % | ||||||
MSCI AC World Small Cap Index | 12.19 | % | 23.81 | % | 16.40 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Financials | 24.2% | |||
Information Technology | 20.7% | |||
Consumer Discretionary | 11.5% | |||
Industrials | 11.1% | |||
Materials | 6.2% | |||
Consumer Staples | 6.0% | |||
Real Estate | 5.6% | |||
Health Care | 5.0% | |||
Energy | 2.9% | |||
Utilities | 2.7% | |||
Telecommunication Services | 1.8% | |||
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 12/31/17
Description | % of Net Assets | |||
Tencent Holdings Ltd. | 8.7% | |||
Alibaba Group Holding Ltd., ADR | 6.1% | |||
Ping An Insurance Group Co. of China Ltd., Class A | 3.2% | |||
China Construction Bank Corp., Class H | 3.0% | |||
China Merchants Bank Co., Ltd., Class A | 2.2% | |||
Baidu, Inc., ADR | 2.0% | |||
Industrial & Commercial Bank of China Ltd., Class H | 2.0% | |||
China Mobile Ltd. | 1.8% | |||
Ping An Insurance Group Co. of China Ltd., Class H | 1.7% | |||
Kweichow Moutai Co., Ltd., Class A | 1.4% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree ICBCCS S&P China 500 Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the S&P China 500 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.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 11 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Information Technology | 41.5% | |||
Consumer Discretionary | 22.6% | |||
Industrials | 17.0% | |||
Health Care | 12.6% | |||
Consumer Staples | 6.5% | |||
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 12/31/17
Description | % of Net Assets | |||
Samsung Electronics Co., Ltd. | 6.9% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 4.4% | |||
Hyundai Motor Co. | 1.9% | |||
Hon Hai Precision Industry Co., Ltd. | 1.7% | |||
Minth Group Ltd. | 1.5% | |||
LG Electronics, Inc. | 1.4% | |||
SK Hynix, Inc. | 1.4% | |||
China High Speed Transmission Equipment Group Co., Ltd. | 1.3% | |||
Bharat Forge Ltd. | 1.3% | |||
LS Corp. | 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 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, 2017, the Fund’s annual expense ratio was 0.32% and 0.58%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 9.84 | % | 29.80 | % | 11.38 | % | ||||||
Fund Market Price Returns | 9.68 | % | 28.88 | % | 10.85 | % | ||||||
WisdomTree Strong Dollar Emerging Markets Equity Index | 10.45 | % | 30.63 | % | 11.79 | % | ||||||
MSCI Emerging Markets Index | 15.92 | % | 37.28 | % | 18.19 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
12 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Domestic Economy Fund (WUSA)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Financials | 24.8% | |||
Consumer Discretionary | 16.9% | |||
Health Care | 12.1% | |||
Consumer Staples | 10.9% | |||
Telecommunication Services | 10.6% | |||
Industrials | 7.7% | |||
Real Estate | 4.9% | |||
Utilities | 4.8% | |||
Energy | 2.8% | |||
Information Technology | 2.7% | |||
Materials | 1.7% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 12/31/17
Description | % of Net Assets | |||
Verizon Communications, Inc. | 5.5% | |||
Altria Group, Inc. | 5.1% | |||
AT&T, Inc. | 4.2% | |||
Wells Fargo & Co. | 4.1% | |||
Bank of America Corp. | 3.6% | |||
Berkshire Hathaway, Inc., Class B | 3.4% | |||
Comcast Corp., Class A | 3.2% | |||
UnitedHealth Group, Inc. | 2.7% | |||
Home Depot, Inc. (The) | 2.7% | |||
Vistra Energy Corp. | 2.0% |
* | 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 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 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, 2017, the Fund’s annual expense ratio was 0.33%.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 12.25 | % | 17.95 | % | 12.41 | % | ||||||
Fund Market Price Returns | 11.81 | % | 17.80 | % | 12.14 | % | ||||||
WisdomTree U.S. Domestic Economy Index | 11.98 | % | 17.51 | % | 12.15 | % | ||||||
S&P 500® Index | 11.42 | % | 21.83 | % | 12.34 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time 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 Semi-Annual Report December 31, 2017 | 13 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Export and Multinational Fund (WEXP)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Information Technology | 25.0% | |||
Industrials | 15.3% | |||
Consumer Staples | 14.3% | |||
Health Care | 14.3% | |||
Financials | 9.0% | |||
Consumer Discretionary | 8.5% | |||
Energy | 7.0% | |||
Materials | 5.9% | |||
Real Estate | 0.6% | |||
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 12/31/17
Description | % of Net Assets | |||
Exxon Mobil Corp. | 4.6% | |||
Citigroup, Inc. | 4.2% | |||
Johnson & Johnson | 4.1% | |||
Philip Morris International, Inc. | 3.7% | |||
Procter & Gamble Co. (The) | 3.1% | |||
Apple, Inc. | 2.7% | |||
Pfizer, Inc. | 2.7% | |||
General Electric Co. | 2.5% | |||
Microsoft Corp. | 2.4% | |||
Intel Corp. | 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 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 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, 2017, the Fund’s annual expense ratio was 0.33%.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 10.05 | % | 23.30 | % | 12.51 | % | ||||||
Fund Market Price Returns | 10.41 | % | 23.82 | % | 12.60 | % | ||||||
WisdomTree U.S. Export and Multinational Index | 9.90 | % | 22.95 | % | 12.21 | % | ||||||
S&P 500® Index | 11.42 | % | 21.83 | % | 12.34 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time 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 Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Financials | 32.1% | |||
Health Care | 14.7% | |||
Consumer Discretionary | 12.2% | |||
Industrials | 7.9% | |||
Consumer Staples | 7.8% | |||
Telecommunication Services | 6.3% | |||
Information Technology | 5.6% | |||
Utilities | 5.1% | |||
Energy | 4.3% | |||
Materials | 1.7% | |||
Real Estate | 0.7% | |||
U.S. Government Obligations | 0.2% | |||
Other Assets less Liabilities‡ | 1.4% | |||
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 12/31/17
Description | % of Net Assets | |||
Morgan Stanley, | 3.2% | |||
Verizon Communications, Inc., | 3.2% | |||
Dow Chemical Co. (The), | 3.1% | |||
Citigroup, Inc., | 3.0% | |||
Time Warner, Inc., | 2.5% | |||
Pfizer, Inc., | 2.5% | |||
Chevron Corp., | 2.4% | |||
McKesson Corp., | 2.3% | |||
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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 2.61 | % | 6.27 | % | 3.61 | % | ||||||
Fund Market Price Returns | 2.41 | % | 6.26 | % | 3.01 | % | ||||||
WisdomTree Fundamental U.S. Corporate Bond Index | 2.67 | % | 6.32 | % | 4.13 | % | ||||||
BofA Merrill Lynch U.S. Corporate Index | 2.50 | % | 6.48 | % | 4.40 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 | 15 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Consumer Discretionary | 23.2% | |||
Health Care | 15.6% | |||
Consumer Staples | 9.8% | |||
Financials | 8.9% | |||
Industrials | 8.8% | |||
Information Technology | 7.7% | |||
Energy | 7.7% | |||
Materials | 6.6% | |||
Telecommunication Services | 4.2% | |||
Utilities | 3.7% | |||
Real Estate | 2.4% | |||
Other Assets less Liabilities‡ | 1.4% | |||
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 12/31/17
Description | % of Net Assets | |||
First Data Corp., | 3.0% | |||
HCA, Inc., | 3.0% | |||
DaVita, Inc., | 2.5% | |||
Navient Corp., | 2.4% | |||
CCO Holdings LLC, | 2.4% | |||
Scientific Games International, Inc., | 2.3% | |||
Western Digital Corp., | 2.3% | |||
DPL, Inc., | 2.2% | |||
Prime Security Services Borrower LLC, | 2.2% | |||
Berry Global, Inc., | 2.0% |
* | 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 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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 1.50 | % | 5.33 | % | 7.76 | % | ||||||
Fund Market Price Returns | 1.53 | % | 5.42 | % | 6.65 | % | ||||||
WisdomTree Fundamental U.S. High Yield Corporate Bond Index | 2.18 | % | 6.90 | % | 9.58 | % | ||||||
BofA Merrill Lynch U.S. High Yield Index | 2.45 | % | 7.48 | % | 10.42 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Financials | 33.8% | |||
Health Care | 13.9% | |||
Consumer Staples | 13.2% | |||
Information Technology | 8.8% | |||
Industrials | 7.3% | |||
Consumer Discretionary | 7.2% | |||
Telecommunication Services | 4.9% | |||
Utilities | 3.8% | |||
Energy | 2.7% | |||
Materials | 2.4% | |||
Other Assets less Liabilities‡ | 2.0% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 12/31/17
Description | % of Net Assets | |||
Lockheed Martin Corp., | 3.1% | |||
JPMorgan Chase & Co., | 2.6% | |||
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., | 2.2% | |||
AT&T, Inc., | 2.0% | |||
HSBC USA, Inc., | 2.0% |
* | 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 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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 0.52 | % | 1.95 | % | 1.31 | % | ||||||
Fund Market Price Returns | 0.43 | % | 1.94 | % | 0.72 | % | ||||||
WisdomTree Fundamental U.S. Short-Term Corporate Bond Index | 0.70 | % | 2.25 | % | 1.87 | % | ||||||
BofA Merrill Lynch 1-5 year U.S. Corporate Index | 0.73 | % | 2.64 | % | 2.05 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 | 17 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Health Care | 21.5% | |||
Consumer Discretionary | 17.3% | |||
Financials | 12.8% | |||
Materials | 9.1% | |||
Consumer Staples | 8.9% | |||
Telecommunication Services | 8.8% | |||
Industrials | 8.0% | |||
Energy | 6.4% | |||
Utilities | 2.2% | |||
Information Technology | 2.1% | |||
Other Assets less Liabilities‡ | 2.9% | |||
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 12/31/17
Description | % of Net Assets | |||
HCA, Inc., | 3.2% | |||
Navient Corp., | 3.2% | |||
Nationstar Mortgage LLC, | 3.1% | |||
Centene Corp., | 3.0% | |||
HRG Group, Inc., | 2.8% | |||
TransDigm, Inc., | 2.7% | |||
Valeant Pharmaceuticals International, | 2.5% | |||
Calumet Specialty Products Partners L.P., | 2.5% | |||
Michaels Stores, Inc., | 2.5% | |||
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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 0.61 | % | 3.28 | % | 6.25 | % | ||||||
Fund Market Price Returns | 0.82 | % | 3.52 | % | 5.19 | % | ||||||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index | 0.94 | % | 4.88 | % | 8.35 | % | ||||||
BofA Merrill Lynch 1-5 year U.S. High Yield Constrained Index | 2.00 | % | 6.56 | % | 10.42 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Information Technology | 26.6% | |||
Health Care | 13.9% | |||
Consumer Discretionary | 12.0% | |||
Financials | 11.2% | |||
Industrials | 9.3% | |||
Consumer Staples | 8.7% | |||
Real Estate | 6.3% | |||
Energy | 5.0% | |||
Materials | 2.7% | |||
Utilities | 2.4% | |||
Telecommunication Services | 2.0% | |||
Other Assets less Liabilities‡ | -0.1% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 12/31/17
Description | % of Net Assets | |||
Ubiquiti Networks, Inc. | 3.5% | |||
Encompass Health Corp. | 2.7% | |||
Cirrus Logic, Inc. | 2.6% | |||
Cracker Barrel Old Country Store, Inc. | 2.3% | |||
HCA Healthcare, Inc. | 2.3% | |||
MEDNAX, Inc. | 2.3% | |||
Hershey Co. (The) | 2.2% | |||
American Financial Group, Inc. | 2.2% | |||
W.W. Grainger, Inc. | 1.9% | |||
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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 1.09 | % | 4.50 | % | 3.47 | % | ||||||
Fund Market Price Returns | 1.28 | % | 4.83 | % | 3.55 | % | ||||||
WisdomTree Dynamic Bearish U.S. Equity Index | 0.51 | % | 3.74 | % | 3.01 | % | ||||||
S&P 500® Index | 11.42 | % | 21.83 | % | 16.07 | % | ||||||
S&P 500® Inverse Daily Index | -9.34 | % | -16.58 | % | -13.53 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 | 19 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
Sector Breakdown† as of 12/31/17
Sector | % of Net Assets | |||
Information Technology | 26.5% | |||
Health Care | 13.8% | |||
Consumer Discretionary | 12.0% | |||
Financials | 11.2% | |||
Industrials | 9.3% | |||
Consumer Staples | 8.7% | |||
Real Estate | 6.2% | |||
Energy | 5.0% | |||
Materials | 2.8% | |||
Utilities | 2.4% | |||
Telecommunication Services | 2.0% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 12/31/17
Description | % of Net Assets | |||
Ubiquiti Networks, Inc. | 3.4% | |||
Encompass Health Corp. | 2.6% | |||
Cirrus Logic, Inc. | 2.6% | |||
HCA Healthcare, Inc. | 2.3% | |||
Cracker Barrel Old Country Store, Inc. | 2.2% | |||
MEDNAX, Inc. | 2.2% | |||
Hershey Co. (The) | 2.2% | |||
American Financial Group, Inc. | 2.1% | |||
W.W. Grainger, Inc. | 1.9% | |||
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 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, 2017, 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, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 12/31/17
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 8.79 | % | 20.09 | % | 15.56 | % | ||||||
Fund Market Price Returns | 8.81 | % | 20.32 | % | 15.59 | % | ||||||
WisdomTree Dynamic Long/Short U.S. Equity Index | 9.01 | % | 20.68 | % | 16.23 | % | ||||||
S&P 500® Index | 11.42 | % | 21.83 | % | 16.07 | % |
* | Returns of less than one year are cumulative. |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX 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. eastern time 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 Semi-Annual Report December 31, 2017 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Balanced Income Fund (WBAL)
Asset Class Breakdown† as of 12/31/17
Asset Class | % of Net Assets | |||
Fixed Income | 39.9% | |||
Domestic Equity | 29.9% | |||
International Equity | 22.7% | |||
Emerging Markets Equity | 7.5% | |||
Other Assets less Liabilities‡ | 0.0% | * | ||
Total | 100.0% |
† | The Fund’s asset class breakdown is expressed as a percentage of net assets and may change over time. 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 12/31/17
Description | % of Net Assets | |||
WisdomTree U.S. High Dividend Fund | 19.9% | |||
WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund | 19.9% | |||
WisdomTree International High Dividend Fund | 12.7% | |||
WisdomTree U.S. LargeCap Dividend Fund | 10.0% | |||
WisdomTree Dynamic Currency Hedged International Equity Fund | 10.0% | |||
WisdomTree Emerging Markets Dividend Fund | 7.5% | |||
WisdomTree Fundamental U.S. Corporate Bond Fund | 5.5% | |||
WisdomTree Interest Rate Hedged High Yield Bond Fund | 5.4% | |||
WisdomTree Emerging Markets Local Debt Fund | 3.6% | |||
iShares 20+ Year Treasury Bond ETF | 2.7% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Balanced Income Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Balanced Income 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.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 21 |
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 a free-float adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets.
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.
22 | WisdomTree Trust Semi-Annual Report December 31, 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 S&P China 500 Index comprises 500 of the largest, most liquid Chinese companies while approximating the sector composition of the broader Chinese equity market. All Chinese share classes including A-shares and offshore listings are eligible for inclusion.
The WisdomTree Balanced Income Index is comprised of exchange-traded funds listed on a major U.S. exchange and aims to maintain a 60% equity and 40% fixed income exposure. The equity exposure is diversified across both domestic (U.S.) and foreign equities, including emerging markets. The fixed income exposure includes government bonds, corporate bonds, mortgage-backed securities and other mortgage-related products.
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
WisdomTree Trust Semi-Annual Report December 31, 2017 | 23 |
Table of Contents
Description of Indexes (unaudited) (continued)
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 is designed to provide exposure to European companies that are most sensitive to economic growth prospects in the Eurozone and that derive more than 50% of their revenue from Europe.
The WisdomTree 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 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 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
24 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Description of Indexes (unaudited) (concluded)
or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 25 |
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 July 1, 2017 to December 31, 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 7/1/17 to 12/31/17” 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.
26 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Shareholder Expense Examples (unaudited) (continued)
Beginning Account Value 7/1/17 | Ending Account Value 12/31/17 | Annualized Expense Ratio Based on the Period‡ 7/1/17 to 12/31/17 | Expenses Paid During the Period† 7/1/17 to 12/31/17 | |||||||||||||
WisdomTree Dynamic Currency Hedged Europe Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,080.50 | 0.43 | %1 | $ | 2.25 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.43 | %1 | $ | 2.19 | ||||||||
WisdomTree Dynamic Currency Hedged International Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,087.20 | 0.35 | %2 | $ | 1.84 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.44 | 0.35 | %2 | $ | 1.79 | ||||||||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,081.80 | 0.10 | %3 | $ | 0.52 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.70 | 0.10 | %3 | $ | 0.51 | ||||||||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,112.40 | 0.43 | %1 | $ | 2.29 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.43 | %1 | $ | 2.19 | ||||||||
WisdomTree Dynamic Currency Hedged Japan Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,119.70 | 0.43 | %1 | $ | 2.30 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.43 | %1 | $ | 2.19 | ||||||||
WisdomTree Emerging Markets Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,135.30 | 0.32 | % | $ | 1.72 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.59 | 0.32 | % | $ | 1.63 | ||||||||
WisdomTree Europe Domestic Economy Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,116.90 | 0.48 | %4 | $ | 2.56 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.79 | 0.48 | %4 | $ | 2.45 | ||||||||
WisdomTree Global ex-Mexico Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,112.40 | 0.30 | %5 | $ | 1.60 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.69 | 0.30 | %5 | $ | 1.53 | ||||||||
WisdomTree Global Hedged SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,086.50 | 0.00 | %6 | $ | 0.00 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,025.21 | 0.00 | %6 | $ | 0.00 | ||||||||
WisdomTree Global SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,094.00 | 0.43 | % | $ | 2.27 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.43 | % | $ | 2.19 | ||||||||
WisdomTree ICBCCS S&P China 500 Fund | ||||||||||||||||
Actual7 | $ | 1,000.00 | $ | 1,011.10 | 0.55 | % | $ | 0.17 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.43 | 0.55 | % | $ | 2.80 | ||||||||
WisdomTree Strong Dollar Emerging Markets Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,098.40 | 0.32 | %8 | $ | 1.69 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.59 | 0.32 | %8 | $ | 1.63 | ||||||||
WisdomTree U.S. Domestic Economy Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,122.50 | 0.33 | % | $ | 1.77 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.33 | % | $ | 1.68 | ||||||||
WisdomTree U.S. Export and Multinational Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,100.50 | 0.33 | % | $ | 1.75 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.33 | % | $ | 1.68 | ||||||||
WisdomTree Fundamental U.S. Corporate Bond Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,026.10 | 0.18 | %9 | $ | 0.92 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.30 | 0.18 | %9 | $ | 0.92 |
WisdomTree Trust Semi-Annual Report December 31, 2017 | 27 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
Beginning Account Value 7/1/17 | Ending Account Value 12/31/17 | Annualized Expense Ratio Based on the Period‡ 7/1/17 to 12/31/17 | Expenses Paid During the Period† 7/1/17 to 12/31/17 | |||||||||||||
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,015.00 | 0.38 | %10 | $ | 1.93 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.29 | 0.38 | %10 | $ | 1.94 | ||||||||
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | �� | |||||||||||||||
Actual | $ | 1,000.00 | $ | 1,005.20 | 0.18 | %9 | $ | 0.91 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.30 | 0.18 | %9 | $ | 0.92 | ||||||||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,006.10 | 0.38 | %10 | $ | 1.92 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.29 | 0.38 | %10 | $ | 1.94 | ||||||||
WisdomTree Dynamic Bearish U.S. Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,010.90 | 0.48 | %4 | $ | 2.43 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.79 | 0.48 | %4 | $ | 2.45 | ||||||||
WisdomTree Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,087.90 | 0.48 | %4 | $ | 2.53 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.79 | 0.48 | %4 | $ | 2.45 | ||||||||
WisdomTree Balanced Income Fund | ||||||||||||||||
Actual7 | $ | 1,000.00 | $ | 1,005.90 | 0.03 | %11 | $ | 0.01 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,025.05 | 0.03 | %11 | $ | 0.15 |
‡ | 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 184/365 (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, 2018, 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, 2018, 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, 2018, 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, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
5 | 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 October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
7 | Fund commenced operations on December 21, 2017. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 11/365 (to reflect the period since commencement of operations). |
8 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through October 31, 2018, 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 0.18% through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
10 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
11 | 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 Underlying Funds, as well as an additional 0.05%, through December 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
28 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.1% | ||||||||
Austria – 1.4% | ||||||||
Andritz AG | 330 | $ | 18,658 | |||||
Erste Group Bank AG* | 811 | 35,161 | ||||||
EVN AG | 610 | 12,233 | ||||||
Oesterreichische Post AG | 320 | 14,379 | ||||||
OMV AG | 1,001 | 63,502 | ||||||
Telekom Austria AG* | 1,541 | 14,302 | ||||||
UNIQA Insurance Group AG | 1,841 | 19,498 | ||||||
Verbund AG | 663 | 16,038 | ||||||
Voestalpine AG | 490 | 29,328 | ||||||
|
| |||||||
Total Austria | 223,099 | |||||||
Belgium – 6.3% | ||||||||
Ackermans & van Haaren N.V. | 30 | 5,229 | ||||||
Anheuser-Busch InBev S.A. | 5,053 | 565,080 | ||||||
Barco N.V. | 20 | 2,143 | ||||||
Bekaert S.A. | 250 | 10,941 | ||||||
bpost S.A. | 2,851 | 86,905 | ||||||
Cofinimmo S.A. | 230 | 30,311 | ||||||
Colruyt S.A. | 389 | 20,254 | ||||||
D’ieteren S.A./N.V. | 218 | 9,826 | ||||||
Elia System Operator S.A./N.V. | 366 | 21,052 | ||||||
Ion Beam Applications(a) | 30 | 860 | ||||||
KBC Group N.V. | 720 | 61,480 | ||||||
Melexis N.V. | 100 | 10,131 | ||||||
Orange Belgium S.A. | 1,531 | 32,173 | ||||||
Proximus SADP | 1,707 | 56,061 | ||||||
Solvay S.A. | 310 | 43,144 | ||||||
Umicore S.A. | 560 | 26,531 | ||||||
Warehouses De Pauw CVA | 90 | 10,097 | ||||||
|
| |||||||
Total Belgium | 992,218 | |||||||
Finland – 4.4% | ||||||||
Amer Sports Oyj* | 660 | 18,300 | ||||||
Cargotec Oyj Class B | 120 | 6,801 | ||||||
DNA Oyj | 90 | 1,691 | ||||||
Elisa Oyj | 550 | 21,610 | ||||||
Fortum Oyj | 7,805 | 154,642 | ||||||
Huhtamaki Oyj | 190 | 7,985 | ||||||
Kemira Oyj | 710 | 9,805 | ||||||
Kesko Oyj Class B | 390 | 21,191 | ||||||
Kone Oyj Class B | 1,161 | 62,429 | ||||||
Konecranes Oyj | 330 | 15,129 | ||||||
Metso Oyj | 640 | 21,880 | ||||||
Neste Oyj | 750 | 48,047 | ||||||
Nokia Oyj | 3,887 | 18,175 | ||||||
Nokian Renkaat Oyj | 520 | 23,603 | ||||||
Orion Oyj Class B | 119 | 4,441 | ||||||
Sampo Oyj Class A | 2,231 | 122,698 | ||||||
Sanoma Oyj | 160 | 2,088 | ||||||
Stora Enso Oyj Class R | 2,101 | 33,353 | ||||||
Tieto Oyj | 280 | 8,735 | ||||||
UPM-Kymmene Oyj | 1,921 | 59,768 | ||||||
Valmet Oyj | 460 | 9,081 | ||||||
Wartsila Oyj Abp | 241 | 15,222 | ||||||
YIT Oyj | 170 | 1,300 | ||||||
|
| |||||||
Total Finland | 687,974 | |||||||
France – 25.8% | ||||||||
Accor S.A. | 320 | 16,523 | ||||||
Aeroports de Paris | 110 | 20,936 | ||||||
Air Liquide S.A. | 528 | 66,604 | ||||||
Airbus SE | 1,342 | 133,752 | ||||||
Amundi S.A.(b) | 500 | 42,418 | ||||||
Arkema S.A. | 140 | 17,072 | ||||||
Atos SE | 90 | 13,115 | ||||||
AXA S.A. | 6,225 | 184,894 | ||||||
BNP Paribas S.A. | 3,222 | 240,844 | ||||||
Bollore S.A.* | 5 | 27 | ||||||
Bollore S.A. | 1,351 | 7,346 | ||||||
Bouygues S.A. | 851 | 44,258 | ||||||
Bureau Veritas S.A. | 740 | 20,251 | ||||||
Capgemini SE | 120 | 14,250 | ||||||
Carrefour S.A. | 1,487 | 32,212 | ||||||
Casino Guichard Perrachon S.A. | 380 | 23,071 | ||||||
Christian Dior SE | 240 | 87,769 | ||||||
Cie de Saint-Gobain | 991 | 54,716 | ||||||
Cie Generale des Etablissements Michelin | 320 | 45,938 | ||||||
Cie Plastic Omnium S.A. | 130 | 5,916 | ||||||
CNP Assurances | 1,210 | 27,977 | ||||||
Coface S.A. | 620 | 6,636 | ||||||
Credit Agricole S.A. | 9,057 | 150,084 | ||||||
Danone S.A. | 991 | 83,240 | ||||||
Dassault Systemes SE | 100 | 10,638 | ||||||
Edenred | 700 | 20,325 | ||||||
Eiffage S.A. | 110 | 12,065 | ||||||
Electricite de France S.A. | 11,882 | 148,672 | ||||||
Elior Group S.A.(b) | 50 | 1,034 | ||||||
Elis S.A. | 70 | 1,935 | ||||||
Engie S.A. | 9,051 | 155,799 | ||||||
Essilor International Cie Generale d’Optique S.A. | 120 | 16,564 | ||||||
Eurazeo S.A. | 132 | 12,205 | ||||||
Eutelsat Communications S.A. | 112 | 2,595 | ||||||
Fonciere Des Regions | 240 | 27,228 | ||||||
Gaztransport Et Technigaz S.A. | 60 | 3,610 | ||||||
Getlink SE | 729 | 9,384 | ||||||
Hermes International | 50 | 26,793 | ||||||
ICADE | 190 | 18,692 | ||||||
Imerys S.A. | 160 | 15,090 | ||||||
JCDecaux S.A. | 120 | 4,842 | ||||||
Kering | 152 | 71,731 | ||||||
Klepierre S.A. | 1,081 | 47,594 | ||||||
L’Oreal S.A. | 550 | 122,148 | ||||||
Lagardere SCA | 480 | 15,407 | ||||||
Legrand S.A. | 320 | 24,665 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 652 | 192,129 | ||||||
Metropole Television S.A. | 239 | 6,180 | ||||||
Natixis S.A. | 13,150 | 104,154 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 29 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
December 31, 2017
Investments | Shares | Value | ||||||
Nexity S.A.* | 210 | $ | 12,513 | |||||
Orange S.A. | 4,923 | 85,570 | ||||||
Pernod Ricard S.A. | 250 | 39,611 | ||||||
Peugeot S.A. | 1,011 | 20,584 | ||||||
Publicis Groupe S.A. | 548 | 37,278 | ||||||
Remy Cointreau S.A. | 70 | 9,708 | ||||||
Renault S.A. | 553 | 55,720 | ||||||
Rexel S.A. | 720 | 13,072 | ||||||
Rubis SCA | 140 | 9,915 | ||||||
Safran S.A. | 500 | 51,580 | ||||||
Sanofi | 2,822 | 243,475 | ||||||
Sartorius Stedim Biotech | 20 | 1,448 | ||||||
Schneider Electric SE* | 1,151 | 97,937 | ||||||
SCOR SE | 530 | 21,349 | ||||||
SEB S.A. | 70 | 12,982 | ||||||
Societe Generale S.A. | 2,109 | 109,024 | ||||||
Sodexo S.A. | 210 | 28,255 | ||||||
SPIE S.A. | 320 | 8,340 | ||||||
Suez | 1,201 | 21,149 | ||||||
Tarkett S.A. | 130 | 5,460 | ||||||
Teleperformance | 70 | 10,040 | ||||||
Television Francaise 1 | 99 | 1,460 | ||||||
Thales S.A. | 290 | 31,299 | ||||||
TOTAL S.A. | 7,864 | 434,807 | ||||||
Unibail-Rodamco SE | 200 | 50,434 | ||||||
Valeo S.A. | 280 | 20,937 | ||||||
Vicat S.A. | 120 | 9,480 | ||||||
Vinci S.A. | 951 | 97,238 | ||||||
Vivendi S.A. | 3,277 | 88,223 | ||||||
Wendel S.A. | 60 | 10,404 | ||||||
|
| |||||||
Total France | 4,050,620 | |||||||
Germany – 26.1% | ||||||||
Aareal Bank AG | 210 | 9,514 | ||||||
adidas AG | 233 | 46,766 | ||||||
Allianz SE Registered Shares | 1,771 | 407,247 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA(a) | 30 | 2,052 | ||||||
Aurubis AG | 90 | 8,384 | ||||||
Axel Springer SE | 280 | 21,898 | ||||||
BASF SE | 2,882 | 317,485 | ||||||
Bayer AG Registered Shares | 1,661 | 207,431 | ||||||
Bayerische Motoren Werke AG | 1,827 | 190,493 | ||||||
BayWa AG | 40 | 1,540 | ||||||
Bechtle AG | 100 | 8,348 | ||||||
Beiersdorf AG | 150 | 17,634 | ||||||
Bilfinger SE | 80 | 3,801 | ||||||
Brenntag AG | 230 | 14,574 | ||||||
Carl Zeiss Meditec AG Bearer Shares | 160 | 9,945 | ||||||
CECONOMY AG | 140 | 2,119 | ||||||
Comdirect Bank AG | 140 | 1,926 | ||||||
Continental AG | 159 | 42,968 | ||||||
Covestro AG(b) | 230 | 23,760 | ||||||
CTS Eventim AG & Co. KGaA | 40 | 1,865 | ||||||
Daimler AG Registered Shares | 5,097 | 433,330 | ||||||
Deutsche Boerse AG | 400 | 46,495 | ||||||
Deutsche Lufthansa AG Registered Shares | 1,486 | 54,816 | ||||||
Deutsche Post AG Registered Shares | 3,212 | 153,315 | ||||||
Deutsche Telekom AG Registered Shares | 13,230 | 235,042 | ||||||
Deutsche Wohnen SE Bearer Shares | 650 | 28,458 | ||||||
Diebold Nixdorf AG | 20 | 1,753 | ||||||
DMG MORI AG | 21 | 1,161 | ||||||
Drillisch AG | 190 | 15,704 | ||||||
Duerr AG | 80 | 10,236 | ||||||
E.ON SE | 5,248 | 57,101 | ||||||
ElringKlinger AG | 650 | 14,576 | ||||||
Evonik Industries AG | 1,551 | 58,425 | ||||||
Fielmann AG | 140 | 12,360 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 180 | 19,855 | ||||||
Freenet AG | 570 | 21,095 | ||||||
Fresenius Medical Care AG & Co. KGaA | 230 | 24,243 | ||||||
Fresenius SE & Co. KGaA | 300 | 23,441 | ||||||
Fuchs Petrolub SE | 120 | 5,817 | ||||||
GEA Group AG | 120 | 5,765 | ||||||
Gerresheimer AG | 20 | 1,660 | ||||||
Hamburger Hafen und Logistik AG | 69 | 1,961 | ||||||
Hannover Rueck SE | 450 | 56,684 | ||||||
HeidelbergCement AG | 220 | 23,842 | ||||||
Hella GmbH & Co. KGaA | 280 | 17,339 | ||||||
Henkel AG & Co. KGaA | 340 | 40,827 | ||||||
Hochtief AG | 180 | 31,903 | ||||||
Hugo Boss AG | 250 | 21,296 | ||||||
Infineon Technologies AG | 1,050 | 28,791 | ||||||
Innogy SE(b) | 2,042 | 80,120 | ||||||
K+S AG Registered Shares(a) | 260 | 6,480 | ||||||
KION Group AG | 29 | 2,507 | ||||||
Kloeckner & Co. SE | 1,141 | 14,098 | ||||||
Krones AG | 30 | 4,125 | ||||||
LANXESS AG | 90 | 7,164 | ||||||
LEG Immobilien AG | 160 | 18,308 | ||||||
Linde AG* | 356 | 83,210 | ||||||
MAN SE | 270 | 30,930 | ||||||
Merck KGaA | 170 | 18,321 | ||||||
MTU Aero Engines AG | 60 | 10,764 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 750 | 162,784 | ||||||
NORMA Group SE | 10 | 672 | ||||||
OSRAM Licht AG | 190 | 17,095 | ||||||
Pfeiffer Vacuum Technology AG | 10 | 1,875 | ||||||
ProSiebenSat.1 Media SE | 1,071 | 36,916 | ||||||
Rheinmetall AG | 70 | 8,897 | ||||||
SAP SE | 1,533 | 172,025 | ||||||
Scout24 AG(b) | 40 | 1,636 | ||||||
Siemens AG Registered Shares | 2,326 | 324,414 | ||||||
Software AG | 160 | 9,003 | ||||||
STADA Arzneimittel AG | 140 | 14,833 | ||||||
Stroeer SE & Co. KGaA | 30 | 2,219 | ||||||
Suedzucker AG | 320 | 6,947 | ||||||
Symrise AG | 170 | 14,620 |
See Notes to Financial Statements.
30 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
December 31, 2017
Investments | Shares | Value | ||||||
Talanx AG | 549 | $ | 22,460 | |||||
Telefonica Deutschland Holding AG | 10,611 | 53,337 | ||||||
ThyssenKrupp AG | 64 | 1,861 | ||||||
TLG Immobilien AG | 190 | 5,052 | ||||||
TUI AG | 1,571 | 32,391 | ||||||
Uniper SE | 640 | 19,981 | ||||||
United Internet AG Registered Shares | 290 | 19,968 | ||||||
Volkswagen AG | 370 | 74,953 | ||||||
VTG AG | 40 | 2,294 | ||||||
Wacker Chemie AG | 99 | 19,282 | ||||||
Wacker Neuson SE | 120 | 4,334 | ||||||
|
| |||||||
Total Germany | 4,092,917 | |||||||
Ireland – 0.6% | ||||||||
C&C Group PLC | 2,829 | 9,682 | ||||||
CRH PLC | 1,570 | 56,473 | ||||||
Glanbia PLC | 390 | 6,978 | ||||||
Smurfit Kappa Group PLC | 540 | 18,279 | ||||||
|
| |||||||
Total Ireland | 91,412 | |||||||
Italy – 11.7% | ||||||||
A2A SpA | 11,689 | 21,644 | ||||||
ACEA SpA | 891 | 16,477 | ||||||
Anima Holding SpA(b) | 479 | 3,428 | ||||||
Assicurazioni Generali SpA | 4,580 | 83,595 | ||||||
Atlantia SpA | 2,592 | 81,920 | ||||||
Azimut Holding SpA | 160 | 3,068 | ||||||
Banca Generali SpA | 430 | 14,323 | ||||||
Banca Mediolanum SpA | 2,071 | 17,943 | ||||||
Banca Popolare di Sondrio SCPA | 3,052 | 11,156 | ||||||
BPER Banca | 560 | 2,831 | ||||||
Brembo SpA | 700 | 10,650 | ||||||
Brunello Cucinelli SpA | 9 | 292 | ||||||
Davide Campari-Milano SpA | 1,661 | 12,855 | ||||||
De’ Longhi SpA | 410 | 12,421 | ||||||
DiaSorin SpA | 100 | 8,886 | ||||||
Ei Towers SpA | 590 | 37,903 | ||||||
Enav SpA(b) | 2,572 | 13,929 | ||||||
Enel SpA | 46,352 | 285,533 | ||||||
Eni SpA | 19,979 | 331,073 | ||||||
ERG SpA | 2,221 | 41,071 | ||||||
FinecoBank Banca Fineco SpA | 1,731 | 17,741 | ||||||
Hera SpA | 4,143 | 14,477 | ||||||
Industria Macchine Automatiche SpA | 43 | 3,501 | ||||||
Infrastrutture Wireless Italiane SpA(b) | 2,952 | 21,977 | ||||||
Intesa Sanpaolo SpA | 73,234 | 243,592 | ||||||
Intesa Sanpaolo SpA RSP | 16,971 | 54,207 | ||||||
Iren SpA | 5,865 | 17,607 | ||||||
Luxottica Group SpA | 710 | 43,609 | ||||||
MARR SpA | 290 | 7,494 | ||||||
Mediobanca SpA | 2,992 | 33,988 | ||||||
Moncler SpA | 220 | 6,890 | ||||||
Parmalat SpA | 1,131 | 4,210 | ||||||
Poste Italiane SpA(b) | 5,757 | 43,379 | ||||||
Prysmian SpA | 500 | 16,325 | ||||||
RAI Way SpA(b) | 1,971 | 12,011 | ||||||
Recordati SpA | 490 | 21,806 | ||||||
Salvatore Ferragamo SpA(a) | 450 | 11,969 | ||||||
Saras SpA | 6,914 | 16,638 | ||||||
Snam SpA | 15,051 | 73,739 | ||||||
Societa Cattolica di Assicurazioni SC | 941 | 10,226 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 851 | 15,859 | ||||||
Telecom Italia SpA RSP | 13,337 | 9,545 | ||||||
Terna Rete Elettrica Nazionale SpA | 11,779 | 68,515 | ||||||
Tod’s SpA(a) | 230 | 16,820 | ||||||
Unione di Banche Italiane SpA | 2,792 | 12,224 | ||||||
Unipol Gruppo SpA | 4,333 | 20,344 | ||||||
|
| |||||||
Total Italy | 1,829,691 | |||||||
Netherlands – 7.3% | ||||||||
Aalberts Industries N.V. | 130 | 6,618 | ||||||
ABN AMRO Group N.V. CVA(b) | 1,590 | 51,359 | ||||||
Aegon N.V. | 9,064 | 57,849 | ||||||
Akzo Nobel N.V. | 532 | 46,647 | ||||||
Arcadis N.V. | 140 | 3,203 | ||||||
ASM International N.V.(a) | 150 | 10,153 | ||||||
ASML Holding N.V. | 336 | 58,564 | ||||||
BE Semiconductor Industries N.V. | 171 | 14,355 | ||||||
ForFarmers N.V. | 226 | 2,833 | ||||||
Gemalto N.V. | 20 | 1,189 | ||||||
GrandVision N.V.(b) | 710 | 18,155 | ||||||
Heineken Holding N.V. | 420 | 41,603 | ||||||
Heineken N.V. | 801 | 83,613 | ||||||
IMCD Group N.V. | 30 | 1,889 | ||||||
ING Groep N.V. | 16,059 | 295,522 | ||||||
Koninklijke Ahold Delhaize N.V. | 3,255 | 71,664 | ||||||
Koninklijke DSM N.V. | 520 | 49,747 | ||||||
Koninklijke KPN N.V. | 8,715 | 30,432 | ||||||
Koninklijke Philips N.V. | 2,742 | 103,848 | ||||||
Koninklijke Vopak N.V. | 630 | 27,665 | ||||||
NN Group N.V. | 1,460 | 63,325 | ||||||
Philips Lighting N.V.(b) | 371 | 13,632 | ||||||
Randstad Holding N.V. | 750 | 46,147 | ||||||
Wessanen | 90 | 1,857 | ||||||
Wolters Kluwer N.V. | 801 | 41,821 | ||||||
|
| |||||||
Total Netherlands | 1,143,690 | |||||||
Portugal – 1.0% | ||||||||
EDP – Energias de Portugal S.A. | 8,576 | 29,710 | ||||||
Galp Energia, SGPS, S.A. | 2,552 | 46,963 | ||||||
Jeronimo Martins, SGPS, S.A. | 1,401 | 27,245 | ||||||
Navigator Co. S.A. (The) | 4,423 | 22,583 | ||||||
NOS, SGPS, S.A. | 1,123 | 7,391 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 9,178 | 27,321 | ||||||
|
| |||||||
Total Portugal | 161,213 | |||||||
Spain – 13.3% | ||||||||
Abertis Infraestructuras S.A. | 3,702 | 82,461 | ||||||
Acciona S.A. | 140 | 11,438 | ||||||
Acerinox S.A. | 981 | 14,036 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 31 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)
December 31, 2017
Investments | Shares | Value | ||||||
ACS Actividades de Construccion y Servicios S.A. | 1,101 | $ | 43,126 | |||||
Almirall S.A.(a) | 160 | 1,604 | ||||||
Amadeus IT Group S.A. | 660 | 47,639 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 820 | 8,566 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 30,552 | 260,917 | ||||||
Banco de Sabadell S.A. | 12,723 | 25,300 | ||||||
Banco Santander S.A. | 44,673 | 293,912 | ||||||
Bankia S.A. | 14,080 | 67,409 | ||||||
Bankinter S.A. | 2,382 | 22,608 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A. | 420 | 13,390 | ||||||
CaixaBank S.A. | 17,963 | 83,886 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 567 | 13,052 | ||||||
Distribuidora Internacional de Alimentacion S.A. | 86 | 444 | ||||||
Ebro Foods S.A. | 550 | 12,892 | ||||||
EDP Renovaveis S.A. | 1,862 | 15,577 | ||||||
Enagas S.A. | 250 | 7,166 | ||||||
Endesa S.A. | 5,398 | 115,735 | ||||||
Gas Natural SDG S.A. | 4,383 | 101,315 | ||||||
Grifols S.A. | 530 | 15,545 | ||||||
Grupo Catalana Occidente S.A. | 220 | 9,759 | ||||||
Iberdrola S.A. | 22,396 | 173,730 | ||||||
Industria de Diseno Textil S.A. | 4,743 | 165,423 | ||||||
Mapfre S.A. | 15,043 | 48,374 | ||||||
Prosegur Cia de Seguridad S.A. | 1,631 | 12,828 | ||||||
Red Electrica Corp. S.A. | 1,641 | 36,868 | ||||||
Repsol S.A. | 8,206 | 145,294 | ||||||
Telefonica S.A. | 24,157 | 235,688 | ||||||
Zardoya Otis S.A. | 781 | 8,553 | ||||||
|
| |||||||
Total Spain | 2,094,535 | |||||||
Switzerland – 0.4% | ||||||||
STMicroelectronics N.V. | 2,688 | 58,745 | ||||||
United Kingdom – 1.8% | ||||||||
CNH Industrial N.V. | 2,762 | 37,046 | ||||||
Unilever N.V. CVA | 4,293 | 242,055 | ||||||
|
| |||||||
Total United Kingdom | 279,101 | |||||||
TOTAL COMMON STOCKS (Cost: $14,893,071) | 15,705,215 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% | ||||||||
United States – 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c) | ||||||||
(Cost: $33,449)(d) | 33,449 | 33,449 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $14,926,520) | 15,738,664 | |||||||
Other Assets less Liabilities – (0.3)% | (44,264 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 15,694,400 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 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 December 31, 2017. |
(d) | At December 31, 2017, the total market value of the Fund’s securities on loan was $41,644 and the total market value of the collateral held by the Fund was $49,651. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $16,202. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
RSP – Risparmio Italian Savings Shares
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 921,274 | EUR | 1,106,233 | USD | $ | 33 | $ | — | |||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 1,112,333 | USD | 930,854 | EUR | — | (5,436 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 1,099,908 | USD | 914,472 | EUR | — | (95 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 701,920 | EUR | 842,845 | USD | 21 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 5,800 | USD | 4,830 | EUR | — | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 838,029 | USD | 696,720 | EUR | — | (44 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 921,270 | EUR | 1,106,233 | USD | 28 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 1,112,333 | USD | 930,850 | EUR | — | (5,432 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 1,099,908 | USD | 914,446 | EUR | — | (63 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 24,499 | EUR | 29,050 | USD | 369 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 921,274 | EUR | 1,106,233 | USD | 33 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 1,112,333 | USD | 930,857 | EUR | — | (5,440 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 1,099,908 | USD | 914,446 | EUR | — | (64 | ) | ||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 921,270 | EUR | 1,106,233 | USD | 28 | — | |||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 1,099,908 | USD | 914,479 | EUR | — | (104 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 1,112,333 | USD | 930,834 | EUR | — | (5,413 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 847,495 | USD | 709,220 | EUR | — | (4,137 | ) | ||||||||||||||||||||
$ | 512 | $ | (26,228 | ) |
CURRENCY LEGEND |
EUR - Euro
USD - U.S. dollar
See Notes to Financial Statements.
32 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.0% | ||||||||
Australia – 7.3% | ||||||||
AGL Energy Ltd. | 18,955 | $ | 361,153 | |||||
Amcor Ltd. | 37,445 | 451,615 | ||||||
AMP Ltd. | 176,973 | 718,397 | ||||||
Ansell Ltd. | 5,396 | 102,558 | ||||||
Aristocrat Leisure Ltd. | 24,625 | 456,473 | ||||||
Asaleo Care Ltd. | 32,300 | 37,895 | ||||||
ASX Ltd. | 8,092 | 347,218 | ||||||
Aurizon Holdings Ltd. | 83,102 | 322,391 | ||||||
Australia & New Zealand Banking Group Ltd. | 103,711 | 2,331,319 | ||||||
Bank of Queensland Ltd. | 34,015 | 338,414 | ||||||
Beach Energy Ltd. | 269,887 | 262,810 | ||||||
Bendigo & Adelaide Bank Ltd. | 35,939 | 328,040 | ||||||
BHP Billiton Ltd. | 100,524 | 2,324,937 | ||||||
Boral Ltd. | 43,178 | 263,081 | ||||||
Brambles Ltd. | 64,192 | 505,592 | ||||||
Brickworks Ltd. | 1,712 | 19,912 | ||||||
Caltex Australia Ltd. | 13,958 | 371,732 | ||||||
carsales.com Ltd. | 11,365 | 128,804 | ||||||
CIMIC Group Ltd. | 8,066 | 324,589 | ||||||
Cleanaway Waste Management Ltd. | 201,911 | 236,887 | ||||||
Coca-Cola Amatil Ltd. | 56,004 | 372,768 | ||||||
Cochlear Ltd. | 1,331 | 178,258 | ||||||
Commonwealth Bank of Australia | 73,466 | 4,616,452 | ||||||
Computershare Ltd. | 23,604 | 300,928 | ||||||
Crown Resorts Ltd. | 26,314 | 267,971 | ||||||
CSL Ltd. | 6,431 | 710,740 | ||||||
CSR Ltd. | 55,745 | 207,541 | ||||||
Downer EDI Ltd. | 51,623 | 279,812 | ||||||
Fairfax Media Ltd. | 242,771 | 148,109 | ||||||
Fortescue Metals Group Ltd. | 81,852 | 312,420 | ||||||
Genworth Mortgage Insurance Australia Ltd. | 16,992 | 39,871 | ||||||
GrainCorp Ltd. Class A | 15,353 | 98,348 | ||||||
Harvey Norman Holdings Ltd.(a) | 151,483 | 494,072 | ||||||
Healthscope Ltd. | 22,902 | 37,617 | ||||||
Incitec Pivot Ltd. | 57,355 | 174,955 | ||||||
Insurance Australia Group Ltd. | 142,815 | 808,728 | ||||||
IOOF Holdings Ltd. | 37,994 | 318,566 | ||||||
IRESS Ltd. | 18,208 | 164,915 | ||||||
JB Hi-Fi Ltd.(a) | 3,136 | 61,173 | ||||||
Macquarie Group Ltd. | 11,780 | 917,964 | ||||||
Magellan Financial Group Ltd. | 8,770 | 184,931 | ||||||
Medibank Pvt Ltd. | 157,900 | 406,320 | ||||||
Myer Holdings Ltd.(a) | 189,829 | 97,993 | ||||||
National Australia Bank Ltd. | 126,495 | 2,925,599 | ||||||
Navitas Ltd. | 26,959 | 114,919 | ||||||
Newcrest Mining Ltd. | 12,200 | 217,754 | ||||||
NIB Holdings Ltd. | 12,890 | 68,154 | ||||||
Nine Entertainment Co. Holdings Ltd. | 154,513 | 185,508 | ||||||
Orora Ltd. | 126,828 | 336,283 | ||||||
Perpetual Ltd. | 6,380 | 241,272 | ||||||
Premier Investments Ltd. | 18,546 | 215,410 | ||||||
Primary Health Care Ltd. | 50,259 | 142,302 | ||||||
QBE Insurance Group Ltd. | 46,328 | 386,995 | ||||||
Qube Holdings Ltd.(a) | 80,742 | 163,565 | ||||||
REA Group Ltd. | 4,723 | 283,152 | ||||||
Rio Tinto Ltd. | 19,917 | 1,180,975 | ||||||
Seven West Media Ltd. | 77,469 | 37,264 | ||||||
Sonic Healthcare Ltd. | 18,882 | 337,609 | ||||||
Star Entertainment Grp Ltd. (The) | 17,421 | 82,845 | ||||||
Steadfast Group Ltd. | 103,679 | 228,681 | ||||||
Suncorp Group Ltd. | 60,050 | 650,978 | ||||||
Super Retail Group Ltd. | 15,849 | 102,393 | ||||||
Tabcorp Holdings Ltd. | 97,512 | 425,582 | ||||||
Technology One Ltd. | 40,815 | 158,340 | ||||||
Telstra Corp., Ltd. | 409,302 | 1,162,092 | ||||||
TPG Telecom Ltd.(a) | 37,460 | 192,497 | ||||||
Treasury Wine Estates Ltd. | 13,779 | 172,005 | ||||||
Vocus Group Ltd.(a) | 17,376 | 41,180 | ||||||
Washington H Soul Pattinson & Co., Ltd. | 26,553 | 369,678 | ||||||
Wesfarmers Ltd. | 43,822 | 1,522,512 | ||||||
Westpac Banking Corp. | 94,301 | 2,312,299 | ||||||
Woodside Petroleum Ltd. | 34,722 | 898,381 | ||||||
Woolworths Group Ltd. | 48,110 | 1,027,278 | ||||||
|
| |||||||
Total Australia | 37,617,771 | |||||||
Austria – 0.5% | ||||||||
EVN AG | 30,053 | 602,664 | ||||||
OMV AG | 14,230 | 902,727 | ||||||
Voestalpine AG | 13,235 | 792,166 | ||||||
|
| |||||||
Total Austria | 2,297,557 | |||||||
Belgium – 2.0% | ||||||||
Ackermans & van Haaren N.V. | 2,777 | 484,021 | ||||||
Ageas | 10,454 | 511,102 | ||||||
Anheuser-Busch InBev S.A. | 49,840 | 5,573,633 | ||||||
bpost S.A. | 21,303 | 649,365 | ||||||
Colruyt S.A. | 7,081 | 368,684 | ||||||
Elia System Operator S.A./N.V. | 6,102 | 350,977 | ||||||
Euronav N.V. | 5,288 | 48,792 | ||||||
KBC Group N.V. | 12,110 | 1,034,060 | ||||||
Proximus SADP | 21,878 | 718,515 | ||||||
UCB S.A. | 4,481 | 356,100 | ||||||
|
| |||||||
Total Belgium | 10,095,249 | |||||||
China – 2.6% | ||||||||
Beijing Enterprises Holdings Ltd. | 46,500 | 276,003 | ||||||
China Everbright International Ltd. | 95,000 | 135,622 | ||||||
China Jinmao Holdings Group Ltd. | 674,000 | 296,594 | ||||||
China Mobile Ltd. | 602,500 | 6,108,007 | ||||||
China Overseas Land & Investment Ltd. | 220,000 | 707,789 | ||||||
China Power International Development Ltd. | 443,666 | 116,347 | ||||||
China Resources Power Holdings Co., Ltd. | 292,000 | 543,860 | ||||||
China South City Holdings Ltd. | 1,150,000 | 301,575 | ||||||
CITIC Ltd. | 732,000 | 1,056,242 | ||||||
CITIC Telecom International Holdings Ltd. | 522,000 | 138,224 | ||||||
CNOOC Ltd. | 1,137,000 | 1,631,911 | ||||||
Fosun International Ltd. | 168,500 | 373,328 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 33 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Investments | Shares | Value | ||||||
Guangdong Investment Ltd. | 232,000 | $ | 310,430 | |||||
Guotai Junan International Holdings Ltd.(a) | 338,000 | 105,932 | ||||||
Lenovo Group Ltd. | 670,000 | 377,969 | ||||||
Shanghai Industrial Holdings Ltd. | 68,000 | 194,850 | ||||||
Shenzhen Investment Ltd. | 552,000 | 228,785 | ||||||
Sino-Ocean Group Holding Ltd. | 385,000 | 265,456 | ||||||
Sun Art Retail Group Ltd. | 243,000 | 256,761 | ||||||
|
| |||||||
Total China | 13,425,685 | |||||||
Denmark – 1.3% | ||||||||
AP Moller – Maersk A/S Class B | 218 | 381,124 | ||||||
Coloplast A/S Class B | 5,396 | 429,477 | ||||||
Danske Bank A/S | 25,553 | 995,678 | ||||||
DSV A/S | 2,023 | 159,415 | ||||||
GN Store Nord A/S | 4,721 | 152,661 | ||||||
ISS A/S | 10,423 | 403,949 | ||||||
Novo Nordisk A/S Class B | 19,582 | 1,056,412 | ||||||
Novozymes A/S Class B | 3,374 | 192,904 | ||||||
Orsted A/S(b) | 9,670 | 528,229 | ||||||
Pandora A/S | 2,356 | 256,673 | ||||||
Rockwool International A/S Class B | 674 | 191,208 | ||||||
Royal Unibrew A/S | 7,787 | 466,939 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 9,297 | 179,930 | ||||||
SimCorp A/S | 2,598 | 148,035 | ||||||
Sydbank A/S | 3,711 | 149,568 | ||||||
TDC A/S | 35,104 | 215,876 | ||||||
Tryg A/S | 28,794 | 720,732 | ||||||
Vestas Wind Systems A/S | 3,374 | 233,335 | ||||||
|
| |||||||
Total Denmark | 6,862,145 | |||||||
Finland – 1.4% | ||||||||
Elisa Oyj | 9,781 | 384,297 | ||||||
F-Secure Oyj | 37,020 | 172,925 | ||||||
Fortum Oyj | 64,235 | 1,272,701 | ||||||
Kesko Oyj Class B | 6,379 | 346,611 | ||||||
Kone Oyj Class B | 15,936 | 856,908 | ||||||
Metso Oyj | 8,533 | 291,716 | ||||||
Neste Oyj | 12,316 | 788,996 | ||||||
Nokia Oyj | 168,748 | 789,052 | ||||||
Nokian Renkaat Oyj | 6,743 | 306,066 | ||||||
Orion Oyj Class B | 4,501 | 167,981 | ||||||
Sampo Oyj Class A | 17,896 | 984,220 | ||||||
Tieto Oyj | 7,063 | 220,343 | ||||||
UPM-Kymmene Oyj | 21,155 | 658,190 | ||||||
|
| |||||||
Total Finland | 7,240,006 | |||||||
France – 11.1% | ||||||||
Accor S.A. | 5,171 | 267,002 | ||||||
Aeroports de Paris | 2,360 | 449,171 | ||||||
Air Liquide S.A. | 6,166 | 777,804 | ||||||
Airbus SE | 15,298 | 1,524,697 | ||||||
Amundi S.A.(b) | 5,068 | 429,952 | ||||||
Arkema S.A. | 1,615 | 196,935 | ||||||
AXA S.A. | 88,302 | 2,622,728 | ||||||
BioMerieux | 1,317 | 118,119 | ||||||
BNP Paribas S.A. | 38,481 | 2,876,448 | ||||||
Bouygues S.A. | 13,845 | 720,032 | ||||||
Capgemini SE | 2,696 | 320,142 | ||||||
Carrefour S.A. | 21,846 | 473,238 | ||||||
Casino Guichard Perrachon S.A. | 5,406 | 328,212 | ||||||
Christian Dior SE | 3,275 | 1,197,680 | ||||||
Cie de Saint-Gobain | 15,513 | 856,516 | ||||||
Cie Generale des Etablissements Michelin | 5,006 | 718,640 | ||||||
CNP Assurances | 26,368 | 609,665 | ||||||
Credit Agricole S.A. | 101,007 | 1,673,791 | ||||||
Danone S.A. | 15,024 | 1,261,956 | ||||||
Dassault Systemes SE | 3,720 | 395,729 | ||||||
Edenred | 12,315 | 357,570 | ||||||
Electricite de France S.A. | 149,898 | 1,875,575 | ||||||
Elior Group S.A.(b) | 6,406 | 132,500 | ||||||
Engie S.A. | 143,854 | 2,476,227 | ||||||
Essilor International Cie Generale d’Optique S.A. | 2,697 | 372,272 | ||||||
Eutelsat Communications S.A. | 17,135 | 397,008 | ||||||
Gaztransport Et Technigaz S.A. | 2,022 | 121,644 | ||||||
Hermes International | 1,294 | 693,399 | ||||||
Iliad S.A. | 136 | 32,621 | ||||||
Imerys S.A. | 3,713 | 350,176 | ||||||
Ingenico Group S.A. | 682 | 72,894 | ||||||
Ipsen S.A. | 3,037 | 363,115 | ||||||
Kering | 2,569 | 1,212,348 | ||||||
Klepierre S.A. | 3,921 | 172,631 | ||||||
L’Oreal S.A. | 9,185 | 2,039,878 | ||||||
Legrand S.A. | 6,217 | 479,202 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 8,392 | 2,472,924 | ||||||
Metropole Television S.A. | 13,280 | 343,411 | ||||||
Natixis S.A. | 133,996 | 1,061,312 | ||||||
Neopost S.A. | 4,049 | 116,689 | ||||||
Nexity S.A.* | 3,091 | 184,173 | ||||||
Orange S.A. | 104,428 | 1,815,124 | ||||||
Pernod Ricard S.A. | 3,712 | 588,150 | ||||||
Publicis Groupe S.A. | 3,441 | 234,075 | ||||||
Rallye S.A. | 2,660 | 47,369 | ||||||
Remy Cointreau S.A. | 2,078 | 288,203 | ||||||
Renault S.A. | 9,175 | 924,465 | ||||||
Rexel S.A. | 7,664 | 139,148 | ||||||
Rubis SCA | 3,326 | 235,558 | ||||||
Safran S.A. | 9,448 | 974,663 | ||||||
Sanofi | 34,135 | 2,945,082 | ||||||
Schneider Electric SE* | 17,204 | 1,463,866 | ||||||
Societe BIC S.A. | 409 | 45,017 | ||||||
Societe Generale S.A. | 31,220 | 1,613,901 | ||||||
Sodexo S.A. | 3,037 | 408,627 | ||||||
Suez | 13,399 | 235,953 | ||||||
Teleperformance | 2,023 | 290,170 | ||||||
Television Francaise 1 | 12,477 | 184,059 | ||||||
Thales S.A. | 4,723 | 509,744 | ||||||
TOTAL S.A. | 105,918 | 5,856,296 | ||||||
Unibail-Rodamco SE | 2,022 | 509,884 | ||||||
Valeo S.A. | 4,159 | 310,984 |
See Notes to Financial Statements.
34 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Investments | Shares | Value | ||||||
Veolia Environnement S.A. | 15,422 | $ | 393,986 | |||||
Vicat S.A. | 2,750 | 217,252 | ||||||
Vinci S.A. | 18,941 | 1,936,682 | ||||||
Vivendi S.A. | 51,359 | 1,382,684 | ||||||
Zodiac Aerospace | 6,052 | 181,172 | ||||||
|
| |||||||
Total France | 56,878,140 | |||||||
Germany – 8.3% | ||||||||
adidas AG | 2,455 | 492,752 | ||||||
Allianz SE Registered Shares | 14,437 | 3,319,835 | ||||||
Axel Springer SE | 5,058 | 395,577 | ||||||
BASF SE | 25,454 | 2,804,049 | ||||||
Bayer AG Registered Shares | 17,165 | 2,143,621 | ||||||
Bayerische Motoren Werke AG | 23,156 | 2,414,371 | ||||||
Bechtle AG | 4,046 | 337,759 | ||||||
Beiersdorf AG | 4,079 | 479,520 | ||||||
Brenntag AG | 4,049 | 256,570 | ||||||
Carl Zeiss Meditec AG Bearer Shares | 5,608 | 348,556 | ||||||
CECONOMY AG | 1,372 | 20,767 | ||||||
Comdirect Bank AG | 2,799 | 38,501 | ||||||
Continental AG | 2,979 | 805,045 | ||||||
Covestro AG(b) | 4,279 | 442,041 | ||||||
CTS Eventim AG & Co. KGaA | 6,069 | 282,943 | ||||||
Daimler AG Registered Shares | 45,083 | 3,832,806 | ||||||
Deutsche Bank AG Registered Shares | 16,586 | 316,174 | ||||||
Deutsche Boerse AG | 3,639 | 422,988 | ||||||
Deutsche Lufthansa AG Registered Shares | 14,748 | 544,033 | ||||||
Deutsche Post AG Registered Shares | 35,083 | 1,674,575 | ||||||
Deutsche Telekom AG Registered Shares | 158,029 | 2,807,518 | ||||||
Deutsche Wohnen SE Bearer Shares | 10,454 | 457,688 | ||||||
DMG MORI AG | 2,545 | 140,639 | ||||||
Drillisch AG | 2,424 | 200,346 | ||||||
Duerr AG | 281 | 35,953 | ||||||
Evonik Industries AG | 11,764 | 443,139 | ||||||
Fielmann AG | 2,487 | 219,559 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 3,374 | 372,171 | ||||||
Freenet AG | 13,034 | 482,371 | ||||||
GEA Group AG | 2,470 | 118,669 | ||||||
Gerresheimer AG | 1,012 | 83,995 | ||||||
Hamburger Hafen und Logistik AG | 4,367 | 124,123 | ||||||
Hannover Rueck SE | 1,697 | 213,761 | ||||||
Henkel AG & Co. KGaA | 5,058 | 607,365 | ||||||
Hochtief AG | 956 | 169,440 | ||||||
Hugo Boss AG | 3,306 | 281,621 | ||||||
Infineon Technologies AG | 3,367 | 92,324 | ||||||
Innogy SE(b) | 24,672 | 968,034 | ||||||
K+S AG Registered Shares(a) | 8,340 | 207,855 | ||||||
Krones AG | 1,591 | 218,749 | ||||||
LEG Immobilien AG | 2,696 | 308,488 | ||||||
Linde AG* | 3,700 | 864,822 | ||||||
MAN SE | 3,730 | 427,295 | ||||||
Merck KGaA | 4,336 | 467,299 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 7,267 | 1,577,263 | ||||||
OSRAM Licht AG | 3,374 | 303,579 | ||||||
ProSiebenSat.1 Media SE | 4,415 | 152,181 | ||||||
RHOEN-KLINIKUM AG | 11,378 | 408,242 | ||||||
SAP SE | 16,405 | 1,840,883 | ||||||
Siemens AG Registered Shares | 20,398 | 2,844,969 | ||||||
Software AG | 3,322 | 186,927 | ||||||
Suedzucker AG | 9,107 | 197,717 | ||||||
Talanx AG | 10,153 | 415,372 | ||||||
Telefonica Deutschland Holding AG | 145,052 | 729,111 | ||||||
TUI AG | 33,843 | 697,766 | ||||||
Uniper SE | 11,540 | 360,288 | ||||||
Volkswagen AG | 4,523 | 916,247 | ||||||
Wacker Chemie AG | 1,259 | 245,215 | ||||||
Wirecard AG | 1,685 | 188,313 | ||||||
|
| |||||||
Total Germany | 42,749,780 | |||||||
Hong Kong – 2.5% | ||||||||
AIA Group Ltd. | 181,400 | 1,546,609 | ||||||
Bank of East Asia Ltd. (The) | 18,400 | 79,675 | ||||||
BOC Hong Kong Holdings Ltd. | 302,000 | 1,529,838 | ||||||
CLP Holdings Ltd. | 142,500 | 1,457,393 | ||||||
Dah Sing Banking Group Ltd. | 115,600 | 250,800 | ||||||
Hang Seng Bank Ltd. | 36,200 | 898,366 | ||||||
Hong Kong & China Gas Co., Ltd. | 389,730 | 763,776 | ||||||
Hong Kong Aircraft Engineering Co., Ltd. | 30,400 | 194,635 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 33,400 | 1,024,563 | ||||||
Hopewell Holdings Ltd. | 69,500 | 256,492 | ||||||
MTR Corp., Ltd. | 151,000 | 884,679 | ||||||
New World Development Co., Ltd. | 404,000 | 606,726 | ||||||
PCCW Ltd. | 622,000 | 361,235 | ||||||
Power Assets Holdings Ltd. | 29,000 | 244,656 | ||||||
Sino Land Co., Ltd. | 456,000 | 807,317 | ||||||
Sun Hung Kai Properties Ltd. | 63,000 | 1,050,900 | ||||||
Techtronic Industries Co., Ltd. | 53,500 | 348,691 | ||||||
Wharf Holdings Ltd. (The) | 82,000 | 283,218 | ||||||
|
| |||||||
Total Hong Kong | 12,589,569 | |||||||
Ireland – 0.2% | ||||||||
C&C Group PLC | 98,308 | 336,438 | ||||||
CRH PLC | 13,478 | 484,803 | ||||||
Greencore Group PLC | 27,970 | 86,910 | ||||||
Paddy Power Betfair PLC | 395 | 47,052 | ||||||
Smurfit Kappa Group PLC | 7,850 | 265,727 | ||||||
|
| |||||||
Total Ireland | 1,220,930 | |||||||
Israel – 0.5% | ||||||||
B Communications Ltd.* | 10,160 | 186,305 | ||||||
Bank Hapoalim BM | 34,996 | 257,960 | ||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 278,731 | 422,314 | ||||||
First International Bank of Israel Ltd. | 7,081 | 147,182 | ||||||
Frutarom Industries Ltd. | 1,685 | 158,470 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 47,899 | 351,690 | ||||||
Israel Chemicals Ltd. | 74,074 | 300,849 | ||||||
Mizrahi Tefahot Bank Ltd. | 13,237 | 244,597 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 35 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Investments | Shares | Value | ||||||
Nice Ltd. | 1,349 | $ | 122,207 | |||||
Teva Pharmaceutical Industries Ltd. | 32,440 | 613,451 | ||||||
|
| |||||||
Total Israel | 2,805,025 | |||||||
Italy – 3.5% | ||||||||
A2A SpA | 168,464 | 311,934 | ||||||
ACEA SpA | 16,229 | 300,112 | ||||||
Anima Holding SpA(b) | 12,606 | 90,218 | ||||||
Ascopiave SpA | 39,804 | 169,487 | ||||||
Assicurazioni Generali SpA | 60,961 | 1,112,670 | ||||||
Atlantia SpA | 26,987 | 852,926 | ||||||
Banca Mediolanum SpA | 8,259 | 71,554 | ||||||
BPER Banca | 16,255 | 82,175 | ||||||
Cementir Holding SpA | 9,465 | 85,810 | ||||||
Davide Campari-Milano SpA | 3,464 | 26,808 | ||||||
De’ Longhi SpA | 2,696 | 81,679 | ||||||
DiaSorin SpA | 3,711 | 329,757 | ||||||
Ei Towers SpA | 4,351 | 279,520 | ||||||
Enav SpA(b) | 74,688 | 404,481 | ||||||
Enel SpA | 479,427 | 2,953,321 | ||||||
Eni SpA | 127,791 | 2,117,630 | ||||||
FinecoBank Banca Fineco SpA | 21,255 | 217,839 | ||||||
Hera SpA | 82,428 | 288,031 | ||||||
Infrastrutture Wireless Italiane SpA(b) | 50,622 | 376,879 | ||||||
Intesa Sanpaolo SpA | 818,176 | 2,721,431 | ||||||
Iren SpA | 154,635 | 464,214 | ||||||
Luxottica Group SpA | 7,814 | 479,943 | ||||||
Parmalat SpA | 101,559 | 378,051 | ||||||
Poste Italiane SpA(b) | 41,589 | 313,374 | ||||||
Recordati SpA | 9,481 | 421,920 | ||||||
Saras SpA | 59,419 | 142,986 | ||||||
Snam SpA | 148,694 | 728,491 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 25,917 | 483,000 | ||||||
Telecom Italia SpA RSP | 132,082 | 94,528 | ||||||
Terna Rete Elettrica Nazionale SpA | 132,202 | 768,976 | ||||||
Unione di Banche Italiane SpA | 57,453 | 251,536 | ||||||
UnipolSai Assicurazioni SpA | 176,504 | 412,659 | ||||||
|
| |||||||
Total Italy | 17,813,940 | |||||||
Japan – 18.2% | ||||||||
AIT Corp. | 26,500 | 321,105 | ||||||
Alpen Co., Ltd. | 13,500 | 291,092 | ||||||
Amada Holdings Co., Ltd. | 67,200 | 915,089 | ||||||
Astellas Pharma, Inc. | 58,700 | 748,796 | ||||||
Bank of Kyoto Ltd. (The) | 5,200 | 270,963 | ||||||
Benesse Holdings, Inc. | 9,400 | 331,691 | ||||||
Bridgestone Corp. | 25,800 | 1,199,648 | ||||||
Canon, Inc. | 69,300 | 2,583,755 | ||||||
Chiba Bank Ltd. (The) | 34,000 | 283,107 | ||||||
Dai-ichi Life Holdings, Inc. | 33,700 | 695,240 | ||||||
Daicel Corp. | 33,700 | 383,519 | ||||||
Daido Steel Co., Ltd. | 4,000 | 246,427 | ||||||
Daiichi Sankyo Co., Ltd. | 24,700 | 643,976 | ||||||
Daito Trust Construction Co., Ltd. | 2,700 | 550,666 | ||||||
Daiwa House Industry Co., Ltd. | 11,700 | 449,409 | ||||||
Daiwa Securities Group, Inc. | 115,000 | 721,647 | ||||||
Denso Corp. | 20,500 | 1,230,728 | ||||||
Eagle Industry Co., Ltd. | 23,900 | 447,237 | ||||||
Eisai Co., Ltd. | 7,700 | 438,555 | ||||||
FANUC Corp. | 2,600 | 624,554 | ||||||
Fast Retailing Co., Ltd. | 1,200 | 478,402 | ||||||
Fujitsu Ltd. | 43,000 | 306,401 | ||||||
Fukuoka Financial Group, Inc. | 32,000 | 179,814 | ||||||
Gfoot Co., Ltd.(a) | 23,900 | 167,183 | ||||||
Goldcrest Co., Ltd. | 5,300 | 107,082 | ||||||
Gunma Bank Ltd. (The) | 72,200 | 437,110 | ||||||
Hachijuni Bank Ltd. (The) | 73,900 | 424,441 | ||||||
Hiday Hidaka Corp. | 11,300 | 346,072 | ||||||
Hitachi Chemical Co., Ltd. | 29,300 | 752,723 | ||||||
Hitachi Ltd. | 202,000 | 1,574,219 | ||||||
Hitachi Metals Ltd. | 23,800 | 341,841 | ||||||
Hokuhoku Financial Group, Inc. | 24,000 | 375,393 | ||||||
Honda Motor Co., Ltd. | 62,100 | 2,128,985 | ||||||
Hulic Co., Ltd. | 33,700 | 378,732 | ||||||
Idemitsu Kosan Co., Ltd. | 8,000 | 321,349 | ||||||
Isetan Mitsukoshi Holdings Ltd. | 34,500 | 427,843 | ||||||
Isuzu Motors Ltd. | 39,800 | 666,690 | ||||||
ITOCHU Corp. | 67,500 | 1,260,120 | ||||||
Iyo Bank Ltd. (The) | 33,900 | 271,742 | ||||||
J. Front Retailing Co., Ltd. | 34,900 | 657,725 | ||||||
Japan Airlines Co., Ltd. | 17,500 | 684,776 | ||||||
Japan Asia Group Ltd. | 64,100 | 308,977 | ||||||
Japan Post Holdings Co., Ltd.(a) | 137,300 | 1,574,715 | ||||||
Japan Post Insurance Co., Ltd. | 23,700 | 558,154 | ||||||
Japan Tobacco, Inc. | 51,000 | 1,643,862 | ||||||
JSR Corp. | 33,700 | 663,530 | ||||||
JXTG Holdings, Inc. | 102,700 | 662,787 | ||||||
Kawasaki Heavy Industries Ltd. | 12,800 | 449,392 | ||||||
KDDI Corp. | 73,600 | 1,832,323 | ||||||
Keihanshin Building Co., Ltd. | 54,600 | 429,917 | ||||||
Keiyo Co., Ltd.(a) | 101,500 | 615,397 | ||||||
KFC Holdings Japan Ltd. | 20,800 | 370,578 | ||||||
Komatsu Ltd. | 42,300 | 1,531,286 | ||||||
Konica Minolta, Inc. | 20,000 | 192,455 | ||||||
Kubota Corp. | 22,700 | 445,234 | ||||||
Kuraray Co., Ltd. | 33,800 | 637,894 | ||||||
Lawson, Inc. | 4,700 | 312,499 | ||||||
LIXIL Group Corp. | 10,100 | 273,458 | ||||||
Marubeni Corp. | 85,500 | 619,410 | ||||||
Mazda Motor Corp. | 12,000 | 161,012 | ||||||
McDonald’s Holdings Co., Japan Ltd.(a) | 7,400 | 325,495 | ||||||
MINEBEA MITSUMI, Inc. | 22,500 | 471,971 | ||||||
Mitsubishi Chemical Holdings Corp. | 100,900 | 1,107,526 | ||||||
Mitsubishi Corp. | 67,400 | 1,862,549 | ||||||
Mitsubishi Electric Corp. | 36,000 | 598,083 | ||||||
Mitsubishi Heavy Industries Ltd. | 19,800 | 739,973 | ||||||
Mitsubishi Materials Corp. | 8,900 | 316,813 | ||||||
Mitsubishi Motors Corp. | 32,900 | 237,733 | ||||||
Mitsubishi Tanabe Pharma Corp. | 19,400 | 401,605 |
See Notes to Financial Statements.
36 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Investments | Shares | Value | ||||||
Mitsubishi UFJ Financial Group, Inc. | 316,400 | $ | 2,321,109 | |||||
Mitsui & Co., Ltd. | 101,200 | 1,645,791 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 5,600 | 327,599 | ||||||
Mizuho Financial Group, Inc. | 1,045,400 | 1,898,703 | ||||||
Modec, Inc. | 7,500 | 193,742 | ||||||
MOS Food Services, Inc. | 8,900 | 271,780 | ||||||
MS&AD Insurance Group Holdings, Inc. | 28,600 | 968,312 | ||||||
Murata Manufacturing Co., Ltd. | 2,600 | 348,975 | ||||||
Nachi-Fujikoshi Corp. | 68,000 | 456,352 | ||||||
Nagaileben Co., Ltd. | 3,100 | 77,933 | ||||||
Nakanishi, Inc. | 4,600 | 240,107 | ||||||
NGK Spark Plug Co., Ltd. | 22,000 | 534,913 | ||||||
Nintendo Co., Ltd. | 1,500 | 548,469 | ||||||
Nippon Telegraph & Telephone Corp. | 58,000 | 2,729,321 | ||||||
Nissan Motor Co., Ltd. | 168,800 | 1,683,505 | ||||||
NOK Corp. | 9,400 | 219,542 | ||||||
Nomura Holdings, Inc. | 85,600 | 505,393 | ||||||
Nomura Real Estate Holdings, Inc. | 22,000 | 493,316 | ||||||
NTN Corp. | 79,800 | 395,989 | ||||||
NTT DOCOMO, Inc. | 114,200 | 2,697,614 | ||||||
Oji Holdings Corp. | 61,000 | 406,125 | ||||||
Ono Pharmaceutical Co., Ltd. | 10,800 | 251,760 | ||||||
Otsuka Holdings Co., Ltd. | 10,700 | 469,983 | ||||||
Panasonic Corp. | 75,100 | 1,099,667 | ||||||
Raysum Co., Ltd. | 10,100 | 130,991 | ||||||
Resona Holdings, Inc. | 105,800 | 632,170 | ||||||
Ricoh Co., Ltd. | 24,200 | 224,921 | ||||||
SAMTY Co., Ltd.(a) | 25,300 | 377,310 | ||||||
Sega Sammy Holdings, Inc. | 33,800 | 419,462 | ||||||
Seiko Epson Corp. | 33,600 | 793,097 | ||||||
Seiko Holdings Corp. | 6,000 | 174,700 | ||||||
Sekisui House Ltd. | 20,600 | 372,226 | ||||||
Seven & I Holdings Co., Ltd. | 17,800 | 739,968 | ||||||
Shin-Etsu Chemical Co., Ltd. | 14,500 | 1,473,813 | ||||||
SoftBank Group Corp. | 6,800 | 538,447 | ||||||
Sojitz Corp. | 168,500 | 517,541 | ||||||
Sompo Holdings, Inc. | 20,800 | 805,781 | ||||||
Sony Financial Holdings, Inc. | 24,400 | 432,334 | ||||||
Sparx Group Co., Ltd.(a) | 173,900 | 481,640 | ||||||
Subaru Corp. | 31,800 | 1,011,446 | ||||||
SUMCO Corp. | 14,900 | 381,990 | ||||||
Sumitomo Corp. | 55,800 | 948,575 | ||||||
Sumitomo Metal Mining Co., Ltd. | 17,100 | 786,008 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 49,000 | 2,117,461 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 13,800 | 547,957 | ||||||
Sumitomo Rubber Industries Ltd.(a) | 24,900 | 463,297 | ||||||
Suzuki Motor Corp. | 9,100 | 527,824 | ||||||
T&D Holdings, Inc. | 33,800 | 578,186 | ||||||
Takeda Pharmaceutical Co., Ltd. | 29,400 | 1,670,567 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 97,500 | 629,228 | ||||||
Tokio Marine Holdings, Inc. | 26,500 | 1,209,379 | ||||||
Tokyo Electron Ltd. | 4,400 | 796,804 | ||||||
Tokyu Fudosan Holdings Corp. | 30,700 | 222,108 | ||||||
Toyo Tire & Rubber Co., Ltd. | 5,900 | 121,928 | ||||||
Toyota Motor Corp. | 105,474 | 6,753,519 | ||||||
Unizo Holdings Co., Ltd. | 1,400 | 38,029 | ||||||
Yahoo Japan Corp. | 93,100 | 427,277 | ||||||
Yamaha Corp. | 8,500 | 313,893 | ||||||
Yokohama Rubber Co., Ltd. (The)(a) | 8,600 | 210,935 | ||||||
|
| |||||||
Total Japan | 93,667,287 | |||||||
Netherlands – 2.2% | ||||||||
Aalberts Industries N.V. | 2,360 | 120,143 | ||||||
ABN AMRO Group N.V. CVA(b) | 25,552 | 825,369 | ||||||
Aegon N.V. | 62,308 | 397,665 | ||||||
Akzo Nobel N.V. | 5,182 | 454,370 | ||||||
Arcadis N.V. | 5,451 | 124,726 | ||||||
ASM International N.V.(a) | 4,579 | 309,948 | ||||||
ASML Holding N.V. | 3,416 | 595,396 | ||||||
BE Semiconductor Industries N.V. | 1,388 | 116,520 | ||||||
BinckBank N.V. | 23,516 | 125,207 | ||||||
Brunel International N.V. | 2,096 | 38,257 | ||||||
Corbion N.V. | 4,721 | 153,062 | ||||||
Euronext N.V.(b) | 1,337 | 83,179 | ||||||
Gemalto N.V. | 1,349 | 80,184 | ||||||
Heineken N.V. | 9,437 | 985,087 | ||||||
IMCD Group N.V. | 3,037 | 191,203 | ||||||
ING Groep N.V. | 127,644 | 2,348,939 | ||||||
Koninklijke Ahold Delhaize N.V. | 25,861 | 569,373 | ||||||
Koninklijke DSM N.V. | 3,981 | 380,853 | ||||||
Koninklijke KPN N.V. | 61,585 | 215,050 | ||||||
Koninklijke Philips N.V. | 27,110 | 1,026,744 | ||||||
Koninklijke Vopak N.V. | 5,932 | 260,493 | ||||||
NN Group N.V. | 17,573 | 762,192 | ||||||
Randstad Holding N.V. | 4,734 | 291,278 | ||||||
Steinhoff International Holdings N.V. | 112,490 | 42,820 | ||||||
Wessanen | 8,987 | 185,400 | ||||||
Wolters Kluwer N.V. | 9,156 | 478,042 | ||||||
|
| |||||||
Total Netherlands | 11,161,500 | |||||||
New Zealand – 0.6% | ||||||||
Air New Zealand Ltd. | 142,456 | 323,194 | ||||||
Contact Energy Ltd. | 67,747 | 267,890 | ||||||
EBOS Group Ltd. | 12,066 | 159,184 | ||||||
Freightways Ltd. | 50,852 | 277,393 | ||||||
Genesis Energy Ltd. | 171,874 | 308,037 | ||||||
Kiwi Property Group Ltd. | 183,583 | 183,443 | ||||||
Mainfreight Ltd. | 8,092 | 146,120 | ||||||
Mercury NZ Ltd. | 82,133 | 196,852 | ||||||
Metlifecare Ltd. | 56,345 | 244,443 | ||||||
Port of Tauranga Ltd. | 101,265 | 355,777 | ||||||
SKY Network Television Ltd. | 52,180 | 104,280 | ||||||
Trustpower Ltd. | 43,895 | 186,684 | ||||||
Z Energy Ltd. | 31,550 | 172,102 | ||||||
|
| |||||||
Total New Zealand | 2,925,399 | |||||||
Norway – 1.8% | ||||||||
Aker ASA Class A | 5,818 | 286,655 | ||||||
Aker BP ASA | 22,122 | 546,062 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 37 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Investments | Shares | Value | ||||||
American Shipping Co. ASA* | 22,881 | $ | 66,858 | |||||
Austevoll Seafood ASA | 31,708 | 264,577 | ||||||
DNB ASA | 26,666 | 495,870 | ||||||
Entra ASA(b) | 15,825 | 236,040 | ||||||
Gjensidige Forsikring ASA | 16,268 | 308,082 | ||||||
Kongsberg Gruppen ASA | 9,784 | 180,624 | ||||||
Leroy Seafood Group ASA | 53,954 | 290,108 | ||||||
Marine Harvest ASA* | 35,744 | 607,434 | ||||||
Norsk Hydro ASA | 81,020 | 617,604 | ||||||
Ocean Yield ASA | 24,730 | 210,131 | ||||||
Orkla ASA | 46,890 | 499,034 | ||||||
Protector Forsikring ASA | 18,890 | 207,853 | ||||||
Salmar ASA | 6,322 | 190,757 | ||||||
SpareBank 1 SMN | 28,286 | 284,439 | ||||||
SpareBank 1 SR-Bank ASA | 28,277 | 300,769 | ||||||
Statoil ASA | 109,636 | 2,348,381 | ||||||
Telenor ASA | 51,468 | 1,106,839 | ||||||
TGS Nopec Geophysical Co. ASA | 2,698 | 64,058 | ||||||
Yara International ASA | 6,254 | 288,028 | ||||||
|
| |||||||
Total Norway | 9,400,203 | |||||||
Portugal – 0.4% | ||||||||
CTT-Correios de Portugal S.A. | 23,771 | 100,105 | ||||||
EDP – Energias de Portugal S.A. | 194,104 | 672,436 | ||||||
Galp Energia, SGPS, S.A. | 34,013 | 625,916 | ||||||
Jeronimo Martins, SGPS, S.A. | 15,850 | 308,234 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 75,892 | 225,914 | ||||||
Semapa-Sociedade de Investimento e Gestao | 13,127 | 280,501 | ||||||
|
| |||||||
Total Portugal | 2,213,106 | |||||||
Singapore – 1.8% | ||||||||
Asian Pay Television Trust | 325,300 | 143,615 | ||||||
CapitaLand Ltd. | 236,100 | 623,640 | ||||||
City Developments Ltd. | 33,500 | 313,091 | ||||||
ComfortDelGro Corp., Ltd. | 101,100 | 149,789 | ||||||
DBS Group Holdings Ltd. | 67,400 | 1,253,285 | ||||||
Frasers Centrepoint Ltd. | 270,400 | 420,856 | ||||||
Hutchison Port Holdings Trust | 1,180,200 | 489,783 | ||||||
Keppel Corp., Ltd. | 88,700 | 487,837 | ||||||
M1 Ltd. | 67,400 | 89,773 | ||||||
Olam International Ltd.(a) | 134,800 | 204,762 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 92,200 | 854,802 | ||||||
RHT Health Trust | 141,300 | 88,815 | ||||||
Sembcorp Industries Ltd. | 101,100 | 229,223 | ||||||
Sembcorp Marine Ltd.(a) | 58,000 | 79,856 | ||||||
SIA Engineering Co., Ltd. | 93,700 | 219,456 | ||||||
Singapore Technologies Engineering Ltd. | 133,500 | 325,659 | ||||||
Singapore Telecommunications Ltd. | 698,900 | 1,867,011 | ||||||
StarHub Ltd. | 104,900 | 223,709 | ||||||
United Engineers Ltd. | 67,500 | 133,343 | ||||||
United Overseas Bank Ltd. | 57,128 | 1,130,676 | ||||||
|
| |||||||
Total Singapore | 9,328,981 | |||||||
Spain – 4.0% | ||||||||
Abertis Infraestructuras S.A. | 30,745 | 684,840 | ||||||
Amadeus IT Group S.A. | 10,003 | 722,018 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 8,702 | 90,909 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 242,475 | 2,070,759 | ||||||
Banco de Sabadell S.A. | 88,083 | 175,155 | ||||||
Banco Santander S.A. | 418,398 | 2,752,718 | ||||||
Bankia S.A. | 98,931 | 473,641 | ||||||
Bankinter S.A. | 17,237 | 163,598 | ||||||
CaixaBank S.A. | 186,847 | 872,559 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 8,770 | 201,880 | ||||||
Distribuidora Internacional de Alimentacion S.A. | 23,612 | 122,004 | ||||||
Ebro Foods S.A. | 10,536 | 246,960 | ||||||
Enagas S.A.(a) | 10,792 | 309,332 | ||||||
Endesa S.A. | 48,595 | 1,041,891 | ||||||
Ferrovial S.A. | 32,076 | 728,932 | ||||||
Gas Natural SDG S.A. | 39,950 | 923,460 | ||||||
Grupo Catalana Occidente S.A. | 558 | 24,752 | ||||||
Iberdrola S.A. | 224,373 | 1,740,499 | ||||||
Industria de Diseno Textil S.A. | 49,274 | 1,718,541 | ||||||
Mapfre S.A. | 120,424 | 387,253 | ||||||
Mediaset Espana Comunicacion S.A. | 15,513 | 174,340 | ||||||
Obrascon Huarte Lain S.A.*(a) | 16,078 | 96,165 | ||||||
Red Electrica Corp. S.A. | 16,192 | 363,785 | ||||||
Repsol S.A. | 78,004 | 1,381,123 | ||||||
Tecnicas Reunidas S.A.(a) | 2,359 | 74,953 | ||||||
Telefonica S.A. | 252,155 | 2,460,151 | ||||||
Viscofan S.A. | 3,711 | 245,134 | ||||||
Zardoya Otis S.A. | 6,027 | 66,003 | ||||||
|
| |||||||
Total Spain | 20,313,355 | |||||||
Sweden – 2.9% | ||||||||
AAK AB | 3,711 | 318,409 | ||||||
AF AB Class B | 9,780 | 216,086 | ||||||
Assa Abloy AB Class B | 13,744 | 286,043 | ||||||
Atlas Copco AB Class A | 20,876 | 903,118 | ||||||
Atrium Ljungberg AB Class B | 15,783 | 251,179 | ||||||
Avanza Bank Holding AB | 1,329 | 55,854 | ||||||
Axfood AB | 12,477 | 240,930 | ||||||
Com Hem Holding AB | 20,404 | 312,508 | ||||||
Electrolux AB Series B | 6,743 | 217,670 | ||||||
Fabege AB | 17,198 | 366,751 | ||||||
Hennes & Mauritz AB Class B | 39,637 | 819,608 | ||||||
Hexpol AB | 2,542 | 25,816 | ||||||
Husqvarna AB Class B | 12,044 | 114,887 | ||||||
ICA Gruppen AB | 10,051 | 365,703 | ||||||
Indutrade AB | 3,477 | 94,957 | ||||||
Investment AB Latour Class B | 2,886 | 35,566 | ||||||
Kinnevik AB Class B | 7,536 | 255,235 | ||||||
Lifco AB Class B | 3,313 | 115,080 | ||||||
Loomis AB Class B | 3,712 | 156,233 | ||||||
NetEnt AB* | 3,130 | 21,599 | ||||||
Nordea Bank AB | 187,622 | 2,275,525 | ||||||
Sandvik AB | 33,015 | 579,451 | ||||||
Securitas AB Class B | 14,839 | 259,535 | ||||||
Skandinaviska Enskilda Banken AB Class A | 83,073 | 977,091 | ||||||
Skanska AB Class B | 8,515 | 176,800 |
See Notes to Financial Statements.
38 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Investments | Shares | Value | ||||||
SKF AB Class B | 10,658 | $ | 237,177 | |||||
Svenska Cellulosa AB SCA Class B | 16,187 | 167,159 | ||||||
Svenska Handelsbanken AB Class A | 48,574 | 665,649 | ||||||
Swedbank AB Class A | 56,357 | 1,362,205 | ||||||
Swedish Match AB | 7,745 | 305,732 | ||||||
Tele2 AB Class B | 17,932 | 220,769 | ||||||
Telefonaktiebolaget LM Ericsson Class B | 64,618 | 424,999 | ||||||
Telia Co. AB | 98,715 | 440,676 | ||||||
Thule Group AB(b) | 8,433 | 190,444 | ||||||
Trelleborg AB Class B | 14,228 | 330,176 | ||||||
Volvo AB Class B | 47,901 | 893,372 | ||||||
Wallenstam AB Class B | 34,746 | 334,835 | ||||||
|
| |||||||
Total Sweden | 15,014,827 | |||||||
Switzerland – 7.7% | ||||||||
ABB Ltd. Registered Shares | 44,150 | 1,183,374 | ||||||
Adecco Group AG Registered Shares | 2,179 | 166,695 | ||||||
Baloise Holding AG Registered Shares | 1,685 | 262,303 | ||||||
BKW AG | 3,787 | 225,199 | ||||||
Cie Financiere Richemont S.A. Registered Shares | 10,599 | 960,382 | ||||||
Clariant AG Registered Shares* | 4,386 | 122,646 | ||||||
Coca-Cola HBC AG* | 10,792 | 353,293 | ||||||
Credit Suisse Group AG Registered Shares* | 82,853 | 1,479,366 | ||||||
DKSH Holding AG | 3,374 | 295,160 | ||||||
EMS-Chemie Holding AG Registered Shares | 617 | 411,861 | ||||||
GAM Holding AG* | 3,006 | 48,583 | ||||||
Geberit AG Registered Shares | 1,012 | 445,612 | ||||||
Givaudan S.A. Registered Shares | 337 | 778,783 | ||||||
Julius Baer Group Ltd.* | 4,231 | 258,766 | ||||||
Kuehne + Nagel International AG Registered Shares | 6,342 | 1,122,622 | ||||||
LafargeHolcim Ltd. Registered Shares* | 19,147 | 1,079,659 | ||||||
Logitech International S.A. Registered Shares | 7,297 | 246,353 | ||||||
Lonza Group AG Registered Shares* | 2,027 | 547,675 | ||||||
Mobilezone Holding AG Registered Shares(a) | 22,624 | 298,326 | ||||||
Nestle S.A. Registered Shares | 79,800 | 6,862,227 | ||||||
Novartis AG Registered Shares | 83,072 | 7,024,251 | ||||||
Partners Group Holding AG(a) | 431 | 295,442 | ||||||
Roche Holding AG Bearer Shares | 7,072 | 1,786,687 | ||||||
Roche Holding AG Genusschein | 18,599 | 4,704,621 | ||||||
SGS S.A. Registered Shares | 337 | 878,725 | ||||||
Sonova Holding AG Registered Shares | 1,686 | 263,324 | ||||||
STMicroelectronics N.V. | 16,795 | 367,048 | ||||||
Straumann Holding AG Registered Shares | 675 | 476,899 | ||||||
Sulzer AG Registered Shares | 2,022 | 245,254 | ||||||
Sunrise Communications Group AG*(b) | 3,260 | 297,732 | ||||||
Swatch Group AG (The) Bearer Shares | 962 | 392,303 | ||||||
Swiss Life Holding AG Registered Shares* | 1,011 | 357,922 | ||||||
Swiss Re AG | 6,280 | 588,045 | ||||||
Swisscom AG Registered Shares | 1,216 | 646,994 | ||||||
UBS Group AG Registered Shares* | 84,975 | 1,564,342 | ||||||
Vifor Pharma AG | 1,269 | 162,646 | ||||||
Vontobel Holding AG Registered Shares | 2,362 | 149,064 | ||||||
Zurich Insurance Group AG | 6,709 | 2,041,959 | ||||||
|
| |||||||
Total Switzerland | 39,392,143 | |||||||
United Kingdom – 19.2% | ||||||||
Abcam PLC | 10,581 | 151,007 | ||||||
Admiral Group PLC | 8,432 | 228,356 | ||||||
Aggreko PLC | 1,813 | 19,596 | ||||||
Ashmore Group PLC | 9,256 | 50,723 | ||||||
Associated British Foods PLC | 10,740 | 409,705 | ||||||
AstraZeneca PLC | 44,881 | 3,109,101 | ||||||
Aviva PLC | 87,150 | 597,124 | ||||||
Babcock International Group PLC | 13,828 | 131,970 | ||||||
BAE Systems PLC | 103,484 | 802,131 | ||||||
Barclays PLC | 316,102 | 868,470 | ||||||
Barratt Developments PLC | 58,061 | 508,559 | ||||||
BBA Aviation PLC | 53,985 | 255,380 | ||||||
Bellway PLC | 7,387 | 356,042 | ||||||
Berkeley Group Holdings PLC | 8,091 | 459,366 | ||||||
BHP Billiton PLC | 70,074 | 1,443,217 | ||||||
Big Yellow Group PLC | 21,918 | 257,803 | ||||||
Bodycote PLC | 6,726 | 83,070 | ||||||
Booker Group PLC | 68,210 | 211,301 | ||||||
BP PLC | 1,186,290 | 8,388,047 | ||||||
Brewin Dolphin Holdings PLC | 25,302 | 133,486 | ||||||
British American Tobacco PLC | 56,451 | 3,831,949 | ||||||
British Land Co. PLC (The) | 34,741 | 324,976 | ||||||
Britvic PLC | 21,996 | 242,504 | ||||||
BT Group PLC | 349,180 | 1,283,384 | ||||||
Capita PLC | 43,725 | 237,128 | ||||||
Carnival PLC | 5,395 | 357,022 | ||||||
Centrica PLC | 365,722 | 679,265 | ||||||
Close Brothers Group PLC | 4,384 | 85,873 | ||||||
CNH Industrial N.V. | 35,760 | 479,647 | ||||||
Compass Group PLC | 41,060 | 888,702 | ||||||
Cranswick PLC | 5,059 | 228,370 | ||||||
Croda International PLC | 3,633 | 217,419 | ||||||
Debenhams PLC | 224,281 | 105,430 | ||||||
Dechra Pharmaceuticals PLC | 12,407 | 351,784 | ||||||
Derwent London PLC | 4,049 | 170,782 | ||||||
Diageo PLC | 71,690 | 2,642,668 | ||||||
Direct Line Insurance Group PLC | 44,863 | 231,648 | ||||||
Dixons Carphone PLC | 59,463 | 160,073 | ||||||
Domino’s Pizza Group PLC | 33,396 | 156,175 | ||||||
Drax Group PLC | 6,070 | 22,219 | ||||||
DS Smith PLC | 37,446 | 262,140 | ||||||
Dunelm Group PLC | 12,772 | 119,645 | ||||||
easyJet PLC | 13,717 | 271,655 | ||||||
Electrocomponents PLC | 23,090 | 195,687 | ||||||
EMIS Group PLC | 17,007 | 232,593 | ||||||
esure Group PLC | 7,198 | 24,197 | ||||||
Foxtons Group PLC | 31,034 | 34,425 | ||||||
Fresnillo PLC | 11,273 | 217,916 | ||||||
G4S PLC | 61,734 | 222,973 | ||||||
Galliford Try PLC | 12,180 | 211,888 | ||||||
GlaxoSmithKline PLC | 221,795 | 3,967,938 | ||||||
Greggs PLC | 7,080 | 133,989 | ||||||
Halfords Group PLC | 8,515 | 40,292 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 39 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Investments | Shares | Value | ||||||
Halma PLC | 8,786 | $ | 149,754 | |||||
Hammerson PLC | 32,720 | 242,113 | ||||||
Hargreaves Lansdown PLC | 3,718 | 90,632 | ||||||
Hays PLC | 84,455 | 208,957 | ||||||
Hikma Pharmaceuticals PLC | 944 | 14,481 | ||||||
HomeServe PLC | 30,495 | 333,936 | ||||||
Howden Joinery Group PLC | 23,612 | 149,101 | ||||||
HSBC Holdings PLC | 809,004 | 8,392,800 | ||||||
IMI PLC | 4,949 | 89,241 | ||||||
Imperial Brands PLC | 40,300 | 1,725,971 | ||||||
Inchcape PLC | 16,523 | 174,900 | ||||||
Informa PLC | 40,082 | 391,475 | ||||||
Inmarsat PLC | 25,776 | 171,134 | ||||||
Intertek Group PLC | 5,058 | 355,111 | ||||||
Intu Properties PLC(a) | 70,572 | 241,530 | ||||||
ITV PLC | 205,705 | 460,533 | ||||||
J Sainsbury PLC | 71,614 | 233,858 | ||||||
Jardine Lloyd Thompson Group PLC | 12,358 | 232,537 | ||||||
John Wood Group PLC | 4,659 | 40,966 | ||||||
Johnson Matthey PLC | 4,386 | 182,445 | ||||||
Kcom Group PLC | 215,955 | 265,111 | ||||||
Ladbrokes Coral Group PLC | 96,263 | 236,870 | ||||||
Land Securities Group PLC | 21,184 | 288,859 | ||||||
Legal & General Group PLC | 111,456 | 412,060 | ||||||
Lloyds Banking Group PLC | 1,419,104 | 1,306,543 | ||||||
London Stock Exchange Group PLC | 2,023 | 103,800 | ||||||
Low & Bonar PLC | 52,850 | 39,142 | ||||||
LSL Property Services PLC | 19,621 | 74,252 | ||||||
Marks & Spencer Group PLC | 93,969 | 400,163 | ||||||
Mediclinic International PLC(a) | 5,060 | 44,458 | ||||||
Meggitt PLC | 29,684 | 193,628 | ||||||
Melrose Industries PLC | 6,743 | 19,356 | ||||||
Micro Focus International PLC | 5,001 | 170,684 | ||||||
Mondi PLC | 11,129 | 290,707 | ||||||
Moneysupermarket.com Group PLC | 38,457 | 185,305 | ||||||
Morgan Advanced Materials PLC | 58,252 | 265,794 | ||||||
N Brown Group PLC | 33,641 | 123,190 | ||||||
National Grid PLC | 139,686 | 1,653,591 | ||||||
NEX Group PLC | 23,873 | 195,864 | ||||||
Old Mutual PLC | 57,074 | 178,888 | ||||||
Pagegroup PLC | 32,383 | 204,793 | ||||||
Pearson PLC | 48,741 | 485,277 | ||||||
Pennon Group PLC | 16,523 | 175,012 | ||||||
Persimmon PLC | 13,487 | 499,535 | ||||||
Pets at Home Group PLC | 87,232 | 208,157 | ||||||
Prudential PLC | 37,096 | 956,210 | ||||||
PZ Cussons PLC | 23,604 | 103,295 | ||||||
QinetiQ Group PLC | 20,435 | 63,884 | ||||||
Reckitt Benckiser Group PLC | 16,589 | 1,552,677 | ||||||
Redde PLC | 44,864 | 106,359 | ||||||
RELX N.V. | 27,998 | 644,327 | ||||||
RELX PLC | 36,437 | 857,156 | ||||||
Renishaw PLC | 1,390 | 98,247 | ||||||
Restaurant Group PLC (The) | 18,884 | 76,891 | ||||||
Rightmove PLC | 3,037 | 184,874 | ||||||
Rio Tinto PLC | 49,884 | 2,660,084 | ||||||
Rolls-Royce Holdings PLC* | 30,886 | 353,885 | ||||||
Rotork PLC | 42,840 | 154,673 | ||||||
Royal Dutch Shell PLC Class A | 236,019 | 7,918,011 | ||||||
Royal Dutch Shell PLC Class B | 272,237 | 9,238,017 | ||||||
Royal Mail PLC | 69,989 | 428,416 | ||||||
Saga PLC | 10,824 | 18,449 | ||||||
Sage Group PLC (The) | 32,382 | 349,562 | ||||||
Savills PLC | 14,502 | 194,803 | ||||||
Segro PLC | 55,333 | 439,379 | ||||||
Severn Trent PLC | 11,802 | 345,167 | ||||||
Smith & Nephew PLC | 19,561 | 340,819 | ||||||
Smiths Group PLC | 16,186 | 326,245 | ||||||
Soco International PLC | 35,146 | 53,011 | ||||||
Spirax-Sarco Engineering PLC | 3,344 | 254,226 | ||||||
SSE PLC | 64,598 | 1,153,481 | ||||||
St. James’s Place PLC | 7,426 | 123,158 | ||||||
Standard Life Aberdeen PLC | 83,149 | 491,087 | ||||||
TalkTalk Telecom Group PLC(a) | 125,675 | 258,240 | ||||||
Tate & Lyle PLC | 25,977 | 247,037 | ||||||
Taylor Wimpey PLC | 82,240 | 229,620 | ||||||
Ted Baker PLC | 3,037 | 111,376 | ||||||
Telecom Plus PLC | 7,755 | 125,992 | ||||||
TP ICAP PLC | 21,486 | 154,627 | ||||||
Travis Perkins PLC | 11,642 | 246,782 | ||||||
Trinity Mirror PLC | 66,021 | 71,001 | ||||||
U & I Group PLC | 33,646 | 87,957 | ||||||
Unilever N.V. CVA | 45,186 | 2,547,748 | ||||||
Unilever PLC | 28,727 | 1,603,188 | ||||||
United Utilities Group PLC | 27,998 | 314,167 | ||||||
Vedanta Resources PLC | 20,257 | 220,454 | ||||||
Victrex PLC | 3,416 | 121,902 | ||||||
Vodafone Group PLC | 1,061,475 | 3,374,389 | ||||||
Weir Group PLC (The) | 6,375 | 183,083 | ||||||
WH Smith PLC | 7,754 | 246,182 | ||||||
Whitbread PLC | 3,375 | 182,621 | ||||||
Xaar PLC | 24,200 | 121,043 | ||||||
|
| |||||||
Total United Kingdom | 98,933,126 | |||||||
TOTAL COMMON STOCKS (Cost: $437,051,995) |
| 513,945,724 | ||||||
RIGHTS – 0.0% | ||||||||
Australia – 0.0% | ||||||||
Cleanaway Waste Management Ltd., expiring 1/19/18* | ||||||||
(Cost $0) | 55,318 | 6,490 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6% | ||||||||
United States – 0.6% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c) | ||||||||
(Cost: $3,121,384)(d) | 3,121,384 | 3,121,384 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.6% (Cost: $440,173,379) |
| 517,073,598 | ||||||
Other Assets less Liabilities – (0.6)% |
| (2,981,260 | ) | |||||
|
| |||||||
NET ASSETS – 100.0% | $ | 514,092,338 |
See Notes to Financial Statements.
40 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 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 December 31, 2017. |
(d) | At December 31, 2017, the total market value of the Fund’s securities on loan was $5,834,535 and the total market value of the collateral held by the Fund was $6,222,069. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,100,685. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
RSP – Risparmio Italian Savings Shares
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 4,848,915 | AUD | 3,792,467 | USD | $ | 112 | $ | — | |||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 2,895,856 | DKK | 467,020 | USD | 23 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 10,302,829 | EUR | 12,371,266 | USD | 373 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 7,118,286 | GBP | 9,628,913 | USD | 347 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 936,008 | ILS | 269,596 | USD | 19 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 10,493,198 | NOK | 1,282,825 | USD | 64 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 12,886,923 | SEK | 1,574,054 | USD | — | (79 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 3,808,609 | USD | 5,017,963 | AUD | — | (116,191 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 469,008 | USD | 2,920,642 | DKK | — | (2,033 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 12,423,923 | USD | 10,396,936 | EUR | — | (60,720 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 9,669,898 | USD | 7,134,508 | GBP | 18,694 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 270,743 | USD | 945,013 | ILS | — | (1,466 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 1,288,286 | USD | 10,667,702 | NOK | — | (15,938 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 1,580,754 | USD | 13,138,492 | SEK | — | (23,947 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 7,794,032 | CHF | 7,998,219 | USD | — | (238 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 394,984 | NZD | 280,904 | USD | 8 | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 1,266,756 | SGD | 947,861 | USD | 44 | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 8,032,263 | USD | 7,864,734 | CHF | — | (38,270 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 282,099 | USD | 411,269 | NZD | — | (10,395 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 951,895 | USD | 1,281,989 | SGD | — | (7,409 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 1,095,167,930 | JPY | 9,723,564 | USD | 327 | — | |||||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 9,764,951 | USD | 1,090,396,417 | JPY | 83,426 | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 6,604,139 | USD | 8,443,808 | AUD | — | (365 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 8,116,754 | USD | 7,893,957 | CHF | — | (372 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 483,074 | USD | 2,990,185 | DKK | — | (64 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 12,321,736 | USD | 10,244,432 | EUR | — | (1,121 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 9,943,090 | USD | 7,343,624 | GBP | — | (603 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 292,074 | USD | 1,012,765 | ILS | 26 | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 1,965,875 | USD | 16,067,014 | NOK | — | (149 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 300,415 | USD | 422,591 | NZD | — | (21 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 1,577,001 | USD | 12,888,815 | SEK | — | (2 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 16,411,546 | USD | 1,846,188,967 | JPY | — | (1,940 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 947,367 | USD | 1,265,532 | SGD | — | (57 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 3,694,401 | AUD | 2,889,502 | USD | 74 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 2,206,319 | DKK | 355,826 | USD | 9 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 7,849,738 | EUR | 9,425,730 | USD | 237 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 5,423,399 | GBP | 7,336,319 | USD | 183 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 713,112 | ILS | 205,408 | USD | 2 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 7,994,655 | NOK | 977,395 | USD | 24 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 9,818,884 | SEK | 1,199,283 | USD | — | (30 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 5,938,344 | CHF | 6,093,884 | USD | — | (150 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 300,940 | NZD | 214,023 | USD | 6 | — | |||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 965,078 | SGD | 722,180 | USD | — | (18 | ) | ||||||||||||||||||||
Bank of Montreal | 1/9/2018 | 834,406,510 | JPY | 7,408,432 | USD | 183 | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 5,031,726 | USD | 6,433,198 | AUD | — | (137 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 6,184,194 | USD | 6,014,413 | CHF | — | (252 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 368,060 | USD | 2,278,061 | DKK | — | (17 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 9,387,993 | USD | 7,804,986 | EUR | — | (495 | ) |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 41 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 7,575,691 | USD | 5,595,082 | GBP | $ | — | $ | (376 | ) | ||||||||||||||||||
Bank of Montreal | 2/2/2018 | 222,534 | USD | 771,678 | ILS | 8 | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 1,497,812 | USD | 12,241,174 | NOK | — | (67 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 228,890 | USD | 321,975 | NZD | — | (14 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 1,201,527 | USD | 9,820,014 | SEK | 5 | — | |||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 12,504,038 | USD | 1,406,539,221 | JPY | — | (756 | ) | ||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 721,807 | USD | 964,272 | SGD | — | (83 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 4,848,896 | AUD | 3,792,467 | USD | 97 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 2,895,786 | DKK | 467,020 | USD | 12 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 10,302,777 | EUR | 12,371,266 | USD | 311 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 7,118,186 | GBP | 9,628,913 | USD | 212 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 935,921 | ILS | 269,596 | USD | — | (6 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 10,492,931 | NOK | 1,282,825 | USD | 31 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 12,887,252 | SEK | 1,574,054 | USD | — | (38 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 3,808,609 | USD | 5,017,937 | AUD | — | (116,171 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 469,008 | USD | 2,920,691 | DKK | — | (2,041 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 12,423,923 | USD | 10,396,893 | EUR | — | (60,668 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 9,669,898 | USD | 7,134,192 | GBP | 19,121 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 270,743 | USD | 944,972 | ILS | — | (1,454 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 1,288,286 | USD | 10,667,241 | NOK | — | (15,881 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 1,580,754 | USD | 13,137,681 | SEK | — | (23,848 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 7,794,104 | CHF | 7,998,219 | USD | — | (164 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 394,983 | NZD | 280,904 | USD | 8 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 1,266,437 | SGD | 947,861 | USD | — | (194 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 8,032,263 | USD | 7,864,638 | CHF | — | (38,171 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 282,099 | USD | 411,274 | NZD | — | (10,399 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 951,895 | USD | 1,282,041 | SGD | — | (7,448 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/9/2018 | 1,095,145,566 | JPY | 9,723,564 | USD | 128 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/9/2018 | 9,764,951 | USD | 1,090,356,381 | JPY | 83,782 | — | |||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 6,604,139 | USD | 8,443,873 | AUD | — | (416 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 8,116,754 | USD | 7,894,063 | CHF | — | (481 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 483,074 | USD | 2,990,045 | DKK | — | (41 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 12,321,736 | USD | 10,244,091 | EUR | — | (711 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 9,943,090 | USD | 7,343,721 | GBP | — | (736 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 292,074 | USD | 1,012,883 | ILS | — | (8 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 1,965,875 | USD | 16,078,312 | NOK | — | (1,531 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 300,415 | USD | 422,591 | NZD | — | (21 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 1,577,001 | USD | 12,890,365 | SEK | — | (192 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 16,411,546 | USD | 1,846,133,168 | JPY | — | (1,444 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 947,367 | USD | 1,265,730 | SGD | — | (206 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 99,625 | AUD | 76,868 | USD | 1,053 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 4,848,915 | AUD | 3,792,467 | USD | 112 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 59,286 | DKK | 9,466 | USD | �� | 96 | — | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 2,895,856 | DKK | 467,020 | USD | 23 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 210,931 | EUR | 250,747 | USD | 2,539 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 10,302,829 | EUR | 12,371,266 | USD | 373 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 145,832 | GBP | 195,164 | USD | 2,110 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 7,118,244 | GBP | 9,628,913 | USD | 290 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 19,074 | ILS | 5,464 | USD | 30 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 935,955 | ILS | 269,596 | USD | 3 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 216,191 | NOK | 26,001 | USD | 430 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 10,492,989 | NOK | 1,282,825 | USD | 38 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 265,917 | SEK | 31,904 | USD | 574 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 12,887,954 | SEK | 1,574,054 | USD | 47 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 3,808,609 | USD | 5,017,983 | AUD | — | (116,207 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 469,008 | USD | 2,920,987 | DKK | — | (2,089 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 12,423,923 | USD | 10,396,971 | EUR | — | (60,762 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 9,669,898 | USD | 7,134,540 | GBP | 18,651 | — |
See Notes to Financial Statements.
42 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 270,743 | USD | 944,936 | ILS | $ | — | $ | (1,443 | ) | ||||||||||||||||||
Citibank N.A. | 1/3/2018 | 1,288,286 | USD | 10,667,120 | NOK | — | (15,867 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 1,580,754 | USD | 13,137,963 | SEK | — | (23,883 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 160,052 | CHF | 162,112 | USD | 2,129 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 7,794,496 | CHF | 7,998,219 | USD | 238 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 8,109 | NZD | 5,694 | USD | 73 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 394,984 | NZD | 280,904 | USD | 8 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 25,808 | SGD | 19,212 | USD | 100 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 1,266,754 | SGD | 947,861 | USD | 42 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 8,032,263 | USD | 7,864,766 | CHF | — | (38,303 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 282,099 | USD | 411,245 | NZD | — | (10,378 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 951,895 | USD | 1,281,891 | SGD | — | (7,336 | ) | ||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 1,095,100,837 | JPY | 9,723,564 | USD | — | (269 | ) | ||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 9,764,951 | USD | 1,090,406,182 | JPY | 83,339 | — | |||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 6,604,139 | USD | 8,443,657 | AUD | — | (247 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 8,116,754 | USD | 7,894,590 | CHF | — | (1,023 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 483,074 | USD | 2,990,136 | DKK | — | (56 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 12,321,736 | USD | 10,244,091 | EUR | — | (711 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 9,943,090 | USD | 7,343,564 | GBP | — | (523 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 292,074 | USD | 1,012,832 | ILS | 7 | — | |||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 1,965,875 | USD | 16,066,300 | NOK | — | (61 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 300,415 | USD | 422,585 | NZD | — | (16 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 1,577,001 | USD | 12,889,690 | SEK | — | (109 | ) | ||||||||||||||||||||
Citibank N.A. | 2/5/2018 | 16,411,546 | USD | 1,846,141,374 | JPY | — | (1,517 | ) | ||||||||||||||||||||
Citibank N.A. | 2/5/2018 | 947,367 | USD | 1,265,509 | SGD | — | (40 | ) | ||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 4,848,896 | AUD | 3,792,467 | USD | 97 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 2,895,783 | DKK | 467,020 | USD | 12 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 10,302,777 | EUR | 12,371,266 | USD | 311 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 7,118,207 | GBP | 9,628,913 | USD | 241 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 935,990 | ILS | 269,596 | USD | 14 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 10,492,936 | NOK | 1,282,825 | USD | 32 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 12,887,244 | SEK | 1,574,054 | USD | — | (39 | ) | ||||||||||||||||||||
Credit Suisse International | 1/4/2018 | 7,794,072 | CHF | 7,998,219 | USD | — | (197 | ) | ||||||||||||||||||||
Credit Suisse International | 1/4/2018 | 394,982 | NZD | 280,904 | USD | 7 | — | |||||||||||||||||||||
Credit Suisse International | 1/4/2018 | 1,266,605 | SGD | 947,861 | USD | — | (69 | ) | ||||||||||||||||||||
Credit Suisse International | 1/9/2018 | 1,095,133,897 | JPY | 9,723,564 | USD | 25 | — | |||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 6,604,139 | USD | 8,443,733 | AUD | — | (306 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 8,116,754 | USD | 7,893,917 | CHF | — | (330 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 483,074 | USD | 2,990,013 | DKK | — | (36 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 12,321,736 | USD | 10,244,466 | EUR | — | (1,162 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 9,943,090 | USD | 7,343,786 | GBP | — | (824 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 292,074 | USD | 1,012,978 | ILS | — | (35 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 1,965,875 | USD | 16,066,809 | NOK | — | (124 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 300,415 | USD | 422,601 | NZD | — | (28 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 1,577,001 | USD | 12,889,216 | SEK | — | (51 | ) | ||||||||||||||||||||
Credit Suisse International | 2/5/2018 | 16,411,546 | USD | 1,846,156,144 | JPY | — | (1,649 | ) | ||||||||||||||||||||
Credit Suisse International | 2/5/2018 | 947,367 | USD | 1,265,907 | SGD | — | (338 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 3,808,609 | USD | 5,017,884 | AUD | — | (116,129 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 469,008 | USD | 2,920,948 | DKK | — | (2,082 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 12,423,923 | USD | 10,396,719 | EUR | — | (60,459 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 9,669,898 | USD | 7,134,024 | GBP | 19,349 | — | |||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 270,743 | USD | 944,987 | ILS | — | (1,458 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 1,288,286 | USD | 10,667,744 | NOK | — | (15,943 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 1,580,754 | USD | 13,138,529 | SEK | — | (23,952 | ) | ||||||||||||||||||||
Goldman Sachs | 1/4/2018 | 8,032,263 | USD | 7,864,525 | CHF | — | (38,055 | ) | ||||||||||||||||||||
Goldman Sachs | 1/4/2018 | 282,099 | USD | 411,269 | NZD | — | (10,395 | ) | ||||||||||||||||||||
Goldman Sachs | 1/4/2018 | 951,895 | USD | 1,282,004 | SGD | — | (7,420 | ) | ||||||||||||||||||||
Goldman Sachs | 1/9/2018 | 9,764,951 | USD | 1,090,326,110 | JPY | 84,050 | — |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 43 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
HSBC Holdings PLC | 1/9/2018 | 22,259,820 | JPY | 197,082 | USD | $ | 561 | $ | — | |||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 2,901,802 | USD | 3,823,141 | AUD | — | (88,468 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 357,340 | USD | 2,225,262 | DKK | — | (1,550 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 9,465,849 | USD | 7,921,431 | EUR | — | (46,207 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 7,367,543 | USD | 5,435,472 | GBP | 14,710 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 206,284 | USD | 719,973 | ILS | — | (1,102 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 981,552 | USD | 8,127,337 | NOK | — | (12,089 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 1,204,387 | USD | 10,009,698 | SEK | — | (18,171 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 6,119,820 | USD | 5,992,118 | CHF | — | (29,095 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 214,937 | USD | 313,357 | NZD | — | (7,922 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 725,256 | USD | 976,728 | SGD | — | (5,623 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/9/2018 | 7,439,966 | USD | 830,725,771 | JPY | 64,032 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 460,306 | AUD | 266,059 | GBP | 117 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 531,807 | SEK | 54,038 | EUR | 65 | — | |||||||||||||||||||||
$ | 503,824 | $ | (1,338,193 | ) |
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.
44 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
December 31, 2017
Investments | Shares | Value | ||||||
EXCHANGE-TRADED FUND – 100.0% | ||||||||
United States – 100.0% | ||||||||
WisdomTree International Quality Dividend Growth Fund(a) | ||||||||
(Cost: $3,172,277) | 122,033 | $ | 3,745,193 | |||||
Other Assets less Liabilities – (0.0)% | (12 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 3,745,181 |
(a) | Affiliated company (See Note 3). |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 23,882 | AUD | 18,679 | USD | $ | 1 | $ | — | |||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 113,547 | DKK | 18,312 | USD | 1 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 61,570 | EUR | 73,931 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 53,260 | GBP | 72,045 | USD | 3 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 9,176 | ILS | 2,643 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 55,810 | NOK | 6,823 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 243,288 | SEK | 29,716 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 18,804 | USD | 24,775 | AUD | — | (574 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 18,434 | USD | 114,794 | DKK | — | (80 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 74,424 | USD | 62,282 | EUR | — | (364 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 72,526 | USD | 53,510 | GBP | 140 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 2,660 | USD | 9,285 | ILS | — | (14 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 6,869 | USD | 56,879 | NOK | — | (85 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 29,915 | USD | 248,640 | SEK | — | (453 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 96,701 | CHF | 99,234 | USD | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 2,278 | NZD | 1,620 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 910 | SGD | 681 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 99,897 | USD | 97,813 | CHF | — | (476 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 1,631 | USD | 2,378 | NZD | — | (60 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 685 | USD | 923 | SGD | — | (5 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 6,709,499 | JPY | 59,571 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 59,969 | USD | 6,696,396 | JPY | 512 | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 32,125 | USD | 41,074 | AUD | — | (2 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 99,944 | USD | 97,201 | CHF | — | (5 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 19,067 | USD | 118,023 | DKK | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 73,633 | USD | 61,219 | EUR | — | (6 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 74,182 | USD | 54,788 | GBP | — | (4 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 2,765 | USD | 9,588 | ILS | — | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 10,667 | USD | 87,181 | NOK | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 1,758 | USD | 2,473 | NZD | — | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 28,963 | USD | 236,714 | SEK | — | — | |||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 99,205 | USD | 11,159,897 | JPY | — | (12 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 678 | USD | 906 | SGD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 18,200 | AUD | 14,235 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 86,516 | DKK | 13,953 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 46,912 | EUR | 56,330 | USD | 1 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 40,581 | GBP | 54,895 | USD | 1 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 6,995 | ILS | 2,015 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 42,542 | NOK | 5,201 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 185,401 | SEK | 22,645 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 73,681 | CHF | 75,611 | USD | — | (2 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 1,739 | NZD | 1,237 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 694 | SGD | 519 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/9/2018 | 5,112,243 | JPY | 45,390 | USD | 1 | — |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 45 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 24,477 | USD | 31,295 | AUD | $ | — | $ | (1 | ) | ||||||||||||||||||
Bank of Montreal | 2/2/2018 | 76,149 | USD | 74,058 | CHF | — | (3 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 14,529 | USD | 89,925 | DKK | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 56,102 | USD | 46,642 | EUR | — | (3 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 56,524 | USD | 41,746 | GBP | — | (3 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 2,108 | USD | 7,310 | ILS | — | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 8,131 | USD | 66,452 | NOK | — | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 1,344 | USD | 1,891 | NZD | — | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 22,071 | USD | 180,385 | SEK | — | — | |||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 75,588 | USD | 8,502,652 | JPY | — | (5 | ) | ||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 521 | USD | 696 | SGD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 23,882 | AUD | 18,679 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 113,545 | DKK | 18,312 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 61,570 | EUR | 73,931 | USD | 2 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 53,259 | GBP | 72,045 | USD | 2 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 9,175 | ILS | 2,643 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 55,809 | NOK | 6,823 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 243,294 | SEK | 29,716 | USD | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 18,804 | USD | 24,775 | AUD | — | (574 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 18,434 | USD | 114,796 | DKK | — | (80 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 74,424 | USD | 62,281 | EUR | — | (363 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 72,526 | USD | 53,508 | GBP | 147 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 2,660 | USD | 9,284 | ILS | — | (14 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 6,869 | USD | 56,877 | NOK | — | (89 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 29,915 | USD | 248,624 | SEK | — | (451 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 96,702 | CHF | 99,234 | USD | — | (2 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 2,278 | NZD | 1,620 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 910 | SGD | 681 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 99,897 | USD | 97,812 | CHF | — | (475 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 1,631 | USD | 2,378 | NZD | — | (60 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 685 | USD | 923 | SGD | — | (5 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/9/2018 | 6,709,362 | JPY | 59,571 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/9/2018 | 59,969 | USD | 6,696,150 | JPY | 515 | — | |||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 32,125 | USD | 41,074 | AUD | — | (2 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 99,944 | USD | 97,202 | CHF | — | (6 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 19,067 | USD | 118,018 | DKK | — | (2 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 73,633 | USD | 61,217 | EUR | — | (4 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 74,182 | USD | 54,789 | GBP | — | (5 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 2,765 | USD | 9,589 | ILS | — | — | |||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 10,667 | USD | 87,242 | NOK | — | (8 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 1,758 | USD | 2,473 | NZD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 28,963 | USD | 236,743 | SEK | — | (4 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 99,205 | USD | 11,159,560 | JPY | — | (9 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 678 | USD | 906 | SGD | — | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 780 | AUD | 594 | USD | 16 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 23,882 | AUD | 18,679 | USD | 1 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 3,652 | DKK | 582 | USD | 7 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 113,547 | DKK | 18,312 | USD | 1 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 1,982 | EUR | 2,350 | USD | 30 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 61,570 | EUR | 73,931 | USD | 2 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 1,699 | GBP | 2,290 | USD | 9 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 53,260 | GBP | 72,045 | USD | 2 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 293 | ILS | 84 | USD | 1 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 9,176 | ILS | 2,643 | USD | — | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 1,799 | NOK | 217 | USD | 3 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 55,809 | NOK | 6,823 | USD | — | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 7,964 | SEK | 945 | USD | 28 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 243,307 | SEK | 29,716 | USD | 1 | — |
See Notes to Financial Statements.
46 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 18,804 | USD | 24,775 | AUD | $ | — | $ | (574 | ) | ||||||||||||||||||
Citibank N.A. | 1/3/2018 | 18,434 | USD | 114,807 | DKK | — | (82 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 74,424 | USD | 62,282 | EUR | — | (364 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 72,526 | USD | 53,510 | GBP | 140 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 2,660 | USD | 9,284 | ILS | — | (14 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 6,869 | USD | 56,876 | NOK | — | (85 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 29,915 | USD | 248,630 | SEK | — | (452 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 3,106 | CHF | 3,155 | USD | 33 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 96,706 | CHF | 99,234 | USD | 3 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 76 | NZD | 52 | USD | 2 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 2,278 | NZD | 1,620 | USD | — | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 30 | SGD | 22 | USD | — | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 910 | SGD | 681 | USD | — | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 99,897 | USD | 97,814 | CHF | — | (476 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 1,631 | USD | 2,378 | NZD | — | (60 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 685 | USD | 922 | SGD | — | (5 | ) | ||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 213,182 | JPY | 1,894 | USD | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 6,709,088 | JPY | 59,571 | USD | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 59,969 | USD | 6,696,456 | JPY | 512 | — | |||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 32,125 | USD | 41,073 | AUD | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 99,944 | USD | 97,208 | CHF | — | (13 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 19,067 | USD | 118,021 | DKK | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 73,633 | USD | 61,217 | EUR | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 74,182 | USD | 54,788 | GBP | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 2,765 | USD | 9,588 | ILS | — | — | |||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 10,667 | USD | 87,177 | NOK | — | — | |||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 1,758 | USD | 2,473 | NZD | — | — | |||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 28,963 | USD | 236,730 | SEK | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 2/5/2018 | 99,205 | USD | 11,159,610 | JPY | — | (9 | ) | ||||||||||||||||||||
Citibank N.A. | 2/5/2018 | 678 | USD | 906 | SGD | — | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 23,882 | AUD | 18,679 | USD | — | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 113,545 | DKK | 18,312 | USD | — | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 61,570 | EUR | 73,931 | USD | 2 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 53,260 | GBP | 72,045 | USD | 2 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 9,176 | ILS | 2,643 | USD | — | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 55,809 | NOK | 6,823 | USD | — | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 243,294 | SEK | 29,716 | USD | — | (1 | ) | ||||||||||||||||||||
Credit Suisse International | 1/4/2018 | 96,701 | CHF | 99,234 | USD | — | (2 | ) | ||||||||||||||||||||
Credit Suisse International | 1/4/2018 | 2,278 | NZD | 1,620 | USD | — | — | |||||||||||||||||||||
Credit Suisse International | 1/4/2018 | 910 | SGD | 681 | USD | — | — | |||||||||||||||||||||
Credit Suisse International | 1/9/2018 | 6,709,291 | JPY | 59,571 | USD | — | — | |||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 32,125 | USD | 41,073 | AUD | — | (1 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 99,944 | USD | 97,200 | CHF | — | (4 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 19,067 | USD | 118,016 | DKK | — | (1 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 73,633 | USD | 61,220 | EUR | — | (7 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 74,182 | USD | 54,789 | GBP | — | (6 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 2,765 | USD | 9,590 | ILS | — | — | |||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 10,667 | USD | 87,180 | NOK | — | (1 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 1,758 | USD | 2,473 | NZD | — | — | |||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 28,963 | USD | 236,722 | SEK | — | (1 | ) | ||||||||||||||||||||
Credit Suisse International | 2/5/2018 | 99,205 | USD | 11,159,699 | JPY | — | (10 | ) | ||||||||||||||||||||
Credit Suisse International | 2/5/2018 | 678 | USD | 906 | SGD | — | — | |||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 18,804 | USD | 24,774 | AUD | — | (573 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 18,434 | USD | 114,806 | DKK | — | (82 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 74,424 | USD | 62,280 | EUR | — | (362 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 72,526 | USD | 53,506 | GBP | 145 | — | |||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 2,660 | USD | 9,284 | ILS | — | (14 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 6,869 | USD | 56,879 | NOK | — | (85 | ) |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 47 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 29,915 | USD | 248,640 | SEK | $ | — | $ | (453 | ) | ||||||||||||||||||
Goldman Sachs | 1/4/2018 | 99,897 | USD | 97,811 | CHF | — | (473 | ) | ||||||||||||||||||||
Goldman Sachs | 1/4/2018 | 1,631 | USD | 2,378 | NZD | — | (60 | ) | ||||||||||||||||||||
Goldman Sachs | 1/4/2018 | 685 | USD | 923 | SGD | — | (5 | ) | ||||||||||||||||||||
Goldman Sachs | 1/9/2018 | 59,969 | USD | 6,695,964 | JPY | 516 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 14,329 | USD | 18,879 | AUD | — | (437 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 14,047 | USD | 87,475 | DKK | — | (61 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 56,708 | USD | 47,456 | EUR | — | (277 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 55,261 | USD | 40,769 | GBP | 110 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 2,031 | USD | 7,089 | ILS | — | (11 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 5,234 | USD | 43,338 | NOK | — | (64 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 22,794 | USD | 189,442 | SEK | — | (344 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 76,114 | USD | 74,526 | CHF | — | (362 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 1,245 | USD | 1,815 | NZD | — | (46 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 525 | USD | 707 | SGD | — | (4 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/9/2018 | 45,692 | USD | 5,101,840 | JPY | 393 | — | |||||||||||||||||||||
$ | 3,290 | $ | (10,218 | ) |
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.
48 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.2% | ||||||||
Australia – 13.0% | ||||||||
Accent Group Ltd.(a) | 18,874 | $ | 12,105 | |||||
Adelaide Brighton Ltd. | 6,240 | 31,822 | ||||||
Ainsworth Game Technology Ltd.*(a) | 5,471 | 9,243 | ||||||
ALS Ltd. | 4,442 | 24,285 | ||||||
Altium Ltd. | 1,523 | 15,819 | ||||||
AMA Group Ltd. | 5,227 | 4,252 | ||||||
Amaysim Australia Ltd.(a) | 314 | 489 | ||||||
Ansell Ltd. | 692 | 13,152 | ||||||
AP Eagers Ltd. | 1,947 | 12,137 | ||||||
APN Outdoor Group Ltd. | 1,873 | 7,222 | ||||||
ARB Corp., Ltd. | 538 | 7,882 | ||||||
Asaleo Care Ltd. | 8,892 | 10,432 | ||||||
AUB Group Ltd. | 895 | 9,240 | ||||||
Austal Ltd. | 2,374 | 3,379 | ||||||
Australian Pharmaceutical Industries Ltd. | 5,685 | 7,492 | ||||||
Automotive Holdings Group Ltd.(a) | 4,483 | 12,763 | ||||||
Baby Bunting Group Ltd.(a) | 4,505 | 5,673 | ||||||
Bapcor Ltd. | 2,203 | 9,735 | ||||||
Beach Energy Ltd. | 19,100 | 18,599 | ||||||
Blackmores Ltd.(a) | 161 | 21,303 | ||||||
Breville Group Ltd. | 1,635 | 16,113 | ||||||
Brickworks Ltd. | 405 | 4,710 | ||||||
BT Investment Management Ltd. | 3,320 | 29,317 | ||||||
carsales.com Ltd. | 2,879 | 32,629 | ||||||
Cedar Woods Properties Ltd. | 797 | 3,803 | ||||||
Cleanaway Waste Management Ltd. | 11,772 | 13,811 | ||||||
Collins Foods Ltd. | 276 | 1,174 | ||||||
Corporate Travel Management Ltd. | 245 | 3,997 | ||||||
Costa Group Holdings Ltd. | 749 | 3,867 | ||||||
CSG Ltd.*(a) | 11,870 | 4,224 | ||||||
CSR Ltd. | 9,684 | 36,054 | ||||||
Data#3 Ltd. | 3,362 | 4,773 | ||||||
Dicker Data Ltd. | 3,407 | 7,968 | ||||||
Dongfang Modern Agriculture Holding Group Ltd. | 8,286 | 5,185 | ||||||
DuluxGroup Ltd. | 3,854 | 23,090 | ||||||
Eclipx Group Ltd. | 1,252 | 3,956 | ||||||
Elanor Investor Group | 2,576 | 4,352 | ||||||
Estia Health Ltd. | 1,705 | 4,654 | ||||||
Event Hospitality and Entertainment Ltd. | 608 | 6,311 | ||||||
Fairfax Media Ltd. | 22,964 | 14,010 | ||||||
Flight Centre Travel Group Ltd.(a) | 1,063 | 36,782 | ||||||
G8 Education Ltd. | 7,762 | 20,581 | ||||||
Genworth Mortgage Insurance Australia Ltd. | 12,219 | 28,671 | ||||||
GrainCorp Ltd. Class A | 833 | 5,336 | ||||||
Greencross Ltd.(a) | 1,565 | 7,699 | ||||||
GUD Holdings Ltd. | 1,014 | 9,668 | ||||||
GWA Group Ltd. | 4,222 | 9,411 | ||||||
Hansen Technologies Ltd. | 1,369 | 4,230 | ||||||
Healthscope Ltd. | 18,437 | 30,283 | ||||||
HT&E Ltd.(a) | 3,040 | 4,470 | ||||||
IDP Education Ltd. | 2,025 | 9,741 | ||||||
IMF Bentham Ltd. | 2,731 | 6,344 | ||||||
Independence Group NL | 1,602 | 5,964 | ||||||
Invocare Ltd. | 986 | 12,416 | ||||||
IOOF Holdings Ltd. | 5,833 | 48,908 | ||||||
IPH Ltd.(a) | 2,429 | 10,449 | ||||||
IRESS Ltd. | 2,131 | 19,301 | ||||||
iSentia Group Ltd.(a) | 1,204 | 1,300 | ||||||
IVE Group Ltd. | 4,092 | 6,945 | ||||||
Japara Healthcare Ltd.(a) | 4,596 | 7,046 | ||||||
JB Hi-Fi Ltd.(a) | 1,796 | 35,034 | ||||||
Link Administration Holdings Ltd. | 2,310 | 15,249 | ||||||
MACA Ltd. | 7,391 | 9,741 | ||||||
Mantra Group Ltd. | 3,607 | 11,003 | ||||||
McMillan Shakespeare Ltd. | 1,189 | 16,107 | ||||||
Mineral Resources Ltd. | 2,215 | 36,624 | ||||||
Monadelphous Group Ltd. | 2,551 | 34,658 | ||||||
Myer Holdings Ltd.(a) | 20,762 | 10,718 | ||||||
MYOB Group Ltd. | 6,506 | 18,421 | ||||||
MyState Ltd. | 1,954 | 7,581 | ||||||
Navigator Global Investments Ltd. | 2,075 | 5,388 | ||||||
Navitas Ltd. | 4,835 | 20,610 | ||||||
NIB Holdings Ltd. | 3,547 | 18,754 | ||||||
Nick Scali Ltd. | 1,329 | 6,892 | ||||||
Nine Entertainment Co. Holdings Ltd. | 14,609 | 17,540 | ||||||
Northern Star Resources Ltd. | 3,512 | 16,756 | ||||||
Nufarm Ltd. | 749 | 5,120 | ||||||
oOh!media Ltd. | 1,936 | 6,814 | ||||||
Orora Ltd. | 12,827 | 34,011 | ||||||
OZ Minerals Ltd. | 3,316 | 23,757 | ||||||
Pact Group Holdings Ltd. | 2,119 | 9,414 | ||||||
Peet Ltd. | 4,413 | 4,867 | ||||||
Perpetual Ltd. | 839 | 31,728 | ||||||
Platinum Asset Management Ltd.(a) | 11,247 | 67,824 | ||||||
Premier Investments Ltd. | 783 | 9,095 | ||||||
Primary Health Care Ltd. | 3,848 | 10,895 | ||||||
QMS Media Ltd. | 5,066 | 3,962 | ||||||
Quintis Ltd.*†(a) | 424 | 0 | ||||||
Regis Resources Ltd. | 6,098 | 20,509 | ||||||
Retail Food Group Ltd.(a) | 3,250 | 6,279 | ||||||
Sandfire Resources NL | 1,257 | 6,794 | ||||||
SeaLink Travel Group Ltd. | 1,301 | 4,172 | ||||||
Seven Group Holdings Ltd. | 2,887 | 34,571 | ||||||
Seven West Media Ltd. | 36,514 | 17,564 | ||||||
SG Fleet Group Ltd. | 2,039 | 6,475 | ||||||
Sigma Healthcare Ltd. | 20,824 | 16,125 | ||||||
Silver Chef Ltd.(a) | 958 | 5,425 | ||||||
Sims Metal Management Ltd. | 1,565 | 19,304 | ||||||
Sirtex Medical Ltd. | 496 | 6,409 | ||||||
SmartGroup Corp., Ltd. | 1,196 | 10,150 | ||||||
Southern Cross Media Group Ltd. | 15,926 | 14,761 | ||||||
Steadfast Group Ltd. | 4,833 | 10,660 | ||||||
Super Retail Group Ltd. | 2,345 | 15,150 | ||||||
Tassal Group Ltd. | 1,546 | 4,547 | ||||||
Technology One Ltd. | 1,495 | 5,800 | ||||||
Villa World Ltd. | 4,511 | 10,091 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 49 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
Village Roadshow Ltd.* | 2,593 | $ | 7,889 | |||||
Virtus Health Ltd. | 769 | 3,164 | ||||||
Vita Group Ltd.(a) | 6,701 | 7,495 | ||||||
Viva Energy REIT | 4,281 | 7,567 | ||||||
Vocus Group Ltd. | 7,125 | 16,886 | ||||||
Webjet Ltd. | 1,313 | 10,711 | ||||||
WPP AUNZ Ltd. | 12,310 | 8,858 | ||||||
|
| |||||||
Total Australia | 1,512,486 | |||||||
Austria – 0.8% | ||||||||
AT&S Austria Technologie & Systemtechnik AG | 650 | 18,373 | ||||||
DO & Co. AG(a) | 69 | 3,912 | ||||||
Porr AG(a) | 439 | 14,676 | ||||||
S IMMO AG | 608 | 11,791 | ||||||
UNIQA Insurance Group AG | 4,092 | 43,339 | ||||||
Zumtobel Group AG | 274 | 3,297 | ||||||
|
| |||||||
Total Austria | 95,388 | |||||||
Belgium – 1.4% | ||||||||
Barco N.V. | 91 | 9,753 | ||||||
Cofinimmo S.A. | 351 | 46,258 | ||||||
D’ieteren S.A./N.V. | 393 | 17,713 | ||||||
Euronav N.V. | 2,705 | 24,959 | ||||||
EVS Broadcast Equipment S.A. | 188 | 6,596 | ||||||
Exmar N.V.* | 1,516 | 11,743 | ||||||
Greenyard N.V. | 181 | 4,370 | ||||||
Orange Belgium S.A. | 677 | 14,226 | ||||||
Warehouses De Pauw CVA | 265 | 29,731 | ||||||
|
| |||||||
Total Belgium | 165,349 | |||||||
China – 1.5% | ||||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 6,000 | 8,151 | ||||||
China Aerospace International Holdings Ltd. | 56,000 | 6,734 | ||||||
China Agri-Industries Holdings Ltd. | 27,000 | 11,812 | ||||||
China Traditional Chinese Medicine Holdings Co., Ltd. | 28,000 | 14,900 | ||||||
China Travel International Investment Hong Kong Ltd. | 55,956 | 20,830 | ||||||
CITIC Telecom International Holdings Ltd. | 42,678 | 11,301 | ||||||
CPMC Holdings Ltd. | 14,000 | 11,086 | ||||||
Dah Chong Hong Holdings Ltd. | 7,779 | 3,602 | ||||||
Goldpac Group Ltd. | 20,835 | 6,317 | ||||||
Guotai Junan International Holdings Ltd.(a) | 56,052 | 17,567 | ||||||
Rivera Holdings Ltd. | 68,000 | 4,784 | ||||||
Shougang Fushan Resources Group Ltd. | 43,903 | 9,435 | ||||||
Sinotruk Hong Kong Ltd.(a) | 10,651 | 11,990 | ||||||
Yuexiu Property Co., Ltd. | 182,638 | 34,111 | ||||||
|
| |||||||
Total China | 172,620 | |||||||
Denmark – 1.5% | ||||||||
Alm Brand A/S | 1,154 | 15,075 | ||||||
NNIT A/S(b) | 155 | 4,287 | ||||||
Per Aarsleff Holding A/S | 258 | 8,135 | ||||||
Ringkjoebing Landbobank A/S | 104 | 5,393 | ||||||
Royal Unibrew A/S | 525 | 31,481 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 1,665 | 32,224 | ||||||
Schouw & Co. AB | 134 | 12,567 | ||||||
SimCorp A/S | 118 | 6,724 | ||||||
Spar Nord Bank A/S | 2,046 | 23,791 | ||||||
Sydbank A/S | 888 | 35,790 | ||||||
|
| |||||||
Total Denmark | 175,467 | |||||||
Finland – 2.5% | ||||||||
Aktia Bank Oyj | 720 | 7,876 | ||||||
Citycon Oyj | 13,949 | 36,147 | ||||||
Cramo Oyj | 370 | 8,779 | ||||||
DNA Oyj | 1,483 | 27,869 | ||||||
F-Secure Oyj | 896 | 4,185 | ||||||
Finnair Oyj | 721 | 11,099 | ||||||
HKScan Oyj Class A | 1,252 | 4,706 | ||||||
Kemira Oyj | 2,282 | 31,513 | ||||||
Lassila & Tikanoja Oyj | 651 | 14,118 | ||||||
Lehto Group Oyj | 265 | 4,029 | ||||||
Metsa Board Oyj | 3,146 | 26,992 | ||||||
Oriola Oyj Class B | 784 | 2,636 | ||||||
Raisio Oyj Class V | 1,810 | 8,346 | ||||||
Ramirent Oyj | 972 | 9,116 | ||||||
Sanoma Oyj | 721 | 9,411 | ||||||
Technopolis Oyj | 2,670 | 13,402 | ||||||
Tieto Oyj | 1,092 | 34,067 | ||||||
Tikkurila Oyj | 692 | 14,799 | ||||||
Tokmanni Group Corp. | 958 | 8,340 | ||||||
Uponor Oyj | 336 | 6,770 | ||||||
YIT Oyj(a) | 763 | 5,836 | ||||||
|
| |||||||
Total Finland | 290,036 | |||||||
France – 2.0% | ||||||||
Albioma S.A. | 426 | 10,763 | ||||||
Coface S.A. | 1,383 | 14,804 | ||||||
Europcar Groupe S.A.(b) | 1,397 | 17,195 | ||||||
Gaztransport Et Technigaz S.A. | 432 | 25,989 | ||||||
Haulotte Group S.A. | 182 | 3,525 | ||||||
IPSOS | 202 | 7,447 | ||||||
Jacquet Metal Service | 391 | 12,912 | ||||||
Kaufman & Broad S.A. | 343 | 16,323 | ||||||
Korian S.A. | 490 | 17,325 | ||||||
LISI | 181 | 8,715 | ||||||
Manitou BF S.A. | 132 | 4,834 | ||||||
Mersen S.A. | 119 | 5,336 | ||||||
Neopost S.A. | 594 | 17,119 | ||||||
Nexans S.A. | 181 | 11,108 | ||||||
Oeneo S.A. | 358 | 4,406 | ||||||
Rallye S.A. | 1,385 | 24,664 | ||||||
Technicolor S.A. Registered Shares | 1,490 | 5,135 | ||||||
Television Francaise 1 | 1,642 | 24,222 | ||||||
|
| |||||||
Total France | 231,822 | |||||||
Germany – 4.2% | ||||||||
Aareal Bank AG | 742 | 33,617 | ||||||
alstria office REIT-AG | 2,201 | 34,094 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA | 678 | 46,374 |
See Notes to Financial Statements.
50 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
BayWa AG | 363 | $ | 13,979 | |||||
Bechtle AG | 112 | 9,350 | ||||||
Bertrandt AG(a) | 83 | 10,131 | ||||||
Bilfinger SE | 413 | 19,621 | ||||||
Borussia Dortmund GmbH & Co. KGaA | 524 | 3,855 | ||||||
CANCOM SE | 84 | 7,000 | ||||||
Capital Stage AG | 468 | 3,631 | ||||||
CENTROTEC Sustainable AG | 196 | 3,641 | ||||||
Cewe Stiftung & Co. KGaA | 77 | 8,141 | ||||||
CropEnergies AG | 257 | 2,404 | ||||||
Diebold Nixdorf AG | 265 | 23,229 | ||||||
Gerresheimer AG | 111 | 9,213 | ||||||
GFT Technologies SE | 197 | 3,086 | ||||||
Grammer AG | 111 | 6,911 | ||||||
Hamburger Hafen und Logistik AG | 727 | 20,663 | ||||||
Indus Holding AG | 189 | 13,504 | ||||||
Kloeckner & Co. SE | 812 | 10,033 | ||||||
Leoni AG | 167 | 12,511 | ||||||
MLP SE | 678 | 4,582 | ||||||
NORMA Group SE | 224 | 15,055 | ||||||
Pfeiffer Vacuum Technology AG | 112 | 21,001 | ||||||
RHOEN-KLINIKUM AG | 196 | 7,032 | ||||||
Sixt SE | 307 | 27,468 | ||||||
SMA Solar Technology AG(a) | 153 | 6,613 | ||||||
Takkt AG | 623 | 14,113 | ||||||
TLG Immobilien AG | 1,197 | 31,830 | ||||||
VERBIO Vereinigte BioEnergie AG | 217 | 2,124 | ||||||
VTG AG | 294 | 16,861 | ||||||
Wacker Neuson SE | 364 | 13,146 | ||||||
Washtec AG | 111 | 10,490 | ||||||
Wuestenrot & Wuerttembergische AG | 1,000 | 28,051 | ||||||
|
| |||||||
Total Germany | 493,354 | |||||||
Hong Kong – 1.1% | ||||||||
Dah Sing Financial Holdings Ltd. | 2,400 | 15,366 | ||||||
Hong Kong Aircraft Engineering Co., Ltd. | 2,400 | 15,366 | ||||||
Hongkong & Shanghai Hotels Ltd. (The) | 7,000 | 10,387 | ||||||
Kowloon Development Co., Ltd. | 27,000 | 28,598 | ||||||
Lai Sun Development Co., Ltd. | 2,042 | 3,474 | ||||||
Miramar Hotel & Investment | 1,000 | 1,998 | ||||||
Television Broadcasts Ltd. | 6,300 | 22,646 | ||||||
Vitasoy International Holdings Ltd. | 10,520 | 26,915 | ||||||
Welling Holding Ltd. | 40,000 | 10,234 | ||||||
|
| |||||||
Total Hong Kong | 134,984 | |||||||
Indonesia – 0.1% | ||||||||
Bumitama Agri Ltd. | 15,447 | 8,611 | ||||||
Ireland – 0.6% | ||||||||
C&C Group PLC | 1,901 | 6,506 | ||||||
Grafton Group PLC | 1,448 | 15,709 | ||||||
Greencore Group PLC | 2,436 | 7,569 | ||||||
Hostelworld Group PLC(b) | 1,518 | 7,865 | ||||||
IFG Group PLC | 2,373 | 6,041 | ||||||
Irish Continental Group PLC | 706 | 4,883 | ||||||
Origin Enterprises PLC | 735 | 5,596 | ||||||
Total Produce PLC | 3,519 | 10,817 | ||||||
UDG Healthcare PLC | 510 | 5,830 | ||||||
|
| |||||||
Total Ireland | 70,816 | |||||||
Israel – 3.1% | ||||||||
Amot Investments Ltd. | 5,727 | 34,395 | ||||||
Ashtrom Properties Ltd. | 1,525 | 7,929 | ||||||
B Communications Ltd.* | 637 | 11,681 | ||||||
Delek Automotive Systems Ltd. | 2,499 | 18,694 | ||||||
Delta-Galil Industries Ltd. | 265 | 9,183 | ||||||
Direct Insurance Financial Investments Ltd. | 391 | 4,631 | ||||||
Discount Investment Corp., Ltd. Registered Shares | 5,274 | 20,570 | ||||||
El Al Israel Airlines | 7,208 | 3,004 | ||||||
Electra Consumer Products 1970 Ltd. | 223 | 4,026 | ||||||
First International Bank of Israel Ltd. | 1,308 | 27,187 | ||||||
Fox Wizel Ltd. | 182 | 3,867 | ||||||
Gazit-Globe Ltd. | 3,285 | 34,935 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 2,147 | 15,764 | ||||||
Inrom Construction Industries Ltd. | 1,453 | 6,902 | ||||||
Magic Software Enterprises Ltd. | 692 | 5,858 | ||||||
Matrix IT Ltd. | 538 | 6,786 | ||||||
Maytronics Ltd. | 876 | 4,328 | ||||||
Mediterranean Towers Ltd. | 2,415 | 4,895 | ||||||
Meitav Dash Investments Ltd. | 1,127 | 3,980 | ||||||
Melisron Ltd. | 419 | 19,842 | ||||||
Migdal Insurance & Financial Holding Ltd. | 6,902 | 7,752 | ||||||
Oil Refineries Ltd. | 64,352 | 30,845 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 76 | 4,041 | ||||||
Scope Metals Group Ltd. | 203 | 5,958 | ||||||
Sella Capital Real Estate Ltd. | 4,180 | 8,711 | ||||||
Shapir Engineering and Industry Ltd. | 3,215 | 12,928 | ||||||
Shikun & Binui Ltd. | 5,814 | 12,977 | ||||||
Shufersal Ltd. | 1,049 | 6,980 | ||||||
Strauss Group Ltd. | 867 | 18,620 | ||||||
|
| |||||||
Total Israel | 357,269 | |||||||
Italy – 4.5% | ||||||||
Anima Holding SpA(b) | 2,967 | 21,234 | ||||||
Ascopiave SpA | 4,103 | 17,471 | ||||||
Astaldi SpA(a) | 330 | 840 | ||||||
ASTM SpA | 958 | 27,873 | ||||||
Banca IFIS SpA | 544 | 26,632 | ||||||
Banca Popolare di Sondrio SCPA | 1,348 | 4,927 | ||||||
Biesse SpA | 203 | 10,311 | ||||||
BPER Banca | 1,807 | 9,135 | ||||||
Brunello Cucinelli SpA | 223 | 7,233 | ||||||
Cementir Holding SpA | 1,036 | 9,392 | ||||||
Cerved Information Solutions SpA | 769 | 9,788 | ||||||
Cofide SpA | 4,602 | 3,200 | ||||||
Credito Emiliano SpA | 2,731 | 23,202 | ||||||
Datalogic SpA | 161 | 5,958 | ||||||
Ei Towers SpA | 307 | 19,722 | ||||||
Enav SpA(b) | 7,680 | 41,592 | ||||||
ERG SpA | 1,880 | 34,765 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 51 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
Falck Renewables SpA | 3,239 | $ | 8,440 | |||||
Geox SpA(a) | 1,705 | 5,921 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 8,398 | 9,721 | ||||||
Italmobiliare SpA | 286 | 8,191 | ||||||
Maire Tecnimont SpA(a) | 2,138 | 11,086 | ||||||
MARR SpA | 398 | 10,285 | ||||||
OVS SpA(b) | 902 | 6,017 | ||||||
Piaggio & C. SpA | 3,344 | 9,236 | ||||||
RAI Way SpA(b) | 3,124 | 19,038 | ||||||
Salini Impregilo SpA | 2,887 | 11,156 | ||||||
Saras SpA | 17,290 | 41,607 | ||||||
Societa Cattolica di Assicurazioni SC | 2,138 | 23,234 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 2,306 | 42,976 | ||||||
Technogym SpA(b) | 300 | 2,909 | ||||||
Tod’s SpA(a) | 384 | 28,081 | ||||||
Zignago Vetro SpA | 887 | 8,670 | ||||||
|
| |||||||
Total Italy | 519,843 | |||||||
Japan – 26.6% | ||||||||
77 Bank Ltd. (The) | 1,335 | 33,728 | ||||||
Adastria Co., Ltd. | 600 | 12,138 | ||||||
Aida Engineering Ltd. | 700 | 8,575 | ||||||
Airport Facilities Co., Ltd. | 735 | 4,306 | ||||||
Akita Bank Ltd. (The) | 39 | 1,077 | ||||||
Alpen Co., Ltd. | 600 | 12,937 | ||||||
Alpine Electronics, Inc. | 600 | 12,426 | ||||||
Amano Corp. | 600 | 15,696 | ||||||
AOKI Holdings, Inc. | 700 | 10,290 | ||||||
Aomori Bank Ltd. (The) | 48 | 1,525 | ||||||
Aoyama Trading Co., Ltd. | 700 | 26,161 | ||||||
Arakawa Chemical Industries Ltd. | 5 | 103 | ||||||
Arcland Sakamoto Co., Ltd. | 82 | 1,329 | ||||||
Arcs Co., Ltd. | 600 | 13,997 | ||||||
As One Corp. | 35 | 2,194 | ||||||
Asahi Broadcasting Corp. | 708 | 5,707 | ||||||
Autobacs Seven Co., Ltd. | 700 | 13,435 | ||||||
Avex, Inc. | 600 | 8,549 | ||||||
Awa Bank Ltd. (The) | 350 | 2,234 | ||||||
Bank of Iwate Ltd. (The) | 33 | 1,315 | ||||||
Bank of Nagoya Ltd. (The) | 49 | 1,912 | ||||||
Bank of Okinawa Ltd. (The) | 42 | 1,711 | ||||||
Bell System24 Holdings, Inc. | 701 | 8,818 | ||||||
BP Castrol K.K.(a) | 700 | 12,844 | ||||||
Capcom Co., Ltd. | 600 | 19,041 | ||||||
Chiyoda Co., Ltd. | 600 | 16,138 | ||||||
Citizen Watch Co., Ltd. | 1,400 | 10,278 | ||||||
COLOPL, Inc.(a) | 700 | 7,606 | ||||||
CONEXIO Corp. | 600 | 12,463 | ||||||
Cosmo Energy Holdings Co., Ltd. | 719 | 27,158 | ||||||
Daihen Corp. | 185 | 1,754 | ||||||
Daiichi Jitsugyo Co., Ltd. | 34 | 1,028 | ||||||
Daiken Corp. | 682 | 17,799 | ||||||
Daiken Medical Co., Ltd. | 600 | 4,123 | ||||||
Daikoku Denki Co., Ltd. | 71 | 1,110 | ||||||
Daikyo, Inc. | 600 | 11,632 | ||||||
Daikyonishikawa Corp. | 600 | 9,715 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 62 | 3,104 | ||||||
DCM Holdings Co., Ltd. | 634 | 5,909 | ||||||
Denyo Co., Ltd. | 695 | 12,438 | ||||||
Descente Ltd. | 683 | 11,805 | ||||||
Dexerials Corp. | 1,355 | 17,549 | ||||||
Dip Corp. | 641 | 16,570 | ||||||
DMG Mori Co., Ltd. | 600 | 12,415 | ||||||
Dowa Holdings Co., Ltd. | 571 | 23,316 | ||||||
Dunlop Sports Co., Ltd. | 231 | 3,370 | ||||||
EDION Corp.(a) | 600 | 6,988 | ||||||
Eighteenth Bank Ltd. (The) | 6,551 | 16,865 | ||||||
Eiken Chemical Co., Ltd. | 40 | 1,917 | ||||||
Enplas Corp. | 47 | 1,953 | ||||||
Exedy Corp. | 30 | 928 | ||||||
Fancl Corp. | 615 | 18,180 | ||||||
Feed One Co., Ltd. | 2,845 | 6,693 | ||||||
FIDEA Holdings Co., Ltd. | 2,119 | 3,856 | ||||||
Fields Corp. | 600 | 6,434 | ||||||
Financial Products Group Co., Ltd. | 700 | 8,507 | ||||||
Foster Electric Co., Ltd. | 57 | 1,416 | ||||||
FP Corp. | 559 | 30,022 | ||||||
Fudo Tetra Corp. | 2,100 | 3,411 | ||||||
Fuji Corp., Ltd.(a) | 1,300 | 10,109 | ||||||
Fuji Oil Holdings, Inc. | 600 | 17,550 | ||||||
Fujicco Co., Ltd. | 70 | 1,562 | ||||||
Fujikura Ltd. | 1,323 | 11,674 | ||||||
Fujimori Kogyo Co., Ltd. | 671 | 23,856 | ||||||
Fujitsu General Ltd. | 49 | 1,076 | ||||||
Fukui Bank Ltd. (The) | 659 | 15,830 | ||||||
Fukuyama Transporting Co., Ltd. | 61 | 2,307 | ||||||
Gakkyusha Co., Ltd. | 612 | 8,953 | ||||||
Geo Holdings Corp. | 700 | 13,577 | ||||||
GMO Financial Holdings, Inc. | 600 | 3,814 | ||||||
GMO Internet, Inc. | 600 | 10,210 | ||||||
GS Yuasa Corp. | 6,758 | 33,655 | ||||||
GungHo Online Entertainment, Inc.*(a) | 2,700 | 7,430 | ||||||
Gunma Bank Ltd. (The) | 3,487 | 21,111 | ||||||
H2O Retailing Corp. | 700 | 14,659 | ||||||
Hakuto Co., Ltd. | 642 | 11,050 | ||||||
Hanwa Co., Ltd. | 1,339 | 61,928 | ||||||
Happinet Corp. | 626 | 12,181 | ||||||
Hard Off Corp. Co., Ltd.(a) | 600 | 6,594 | ||||||
Hazama Ando Corp. | 1,300 | 10,178 | ||||||
Heiwa Corp. | 1,349 | 25,339 | ||||||
Hiroshima Bank Ltd. (The) | 2,649 | 23,069 | ||||||
HIS Co., Ltd. | 44 | 1,596 | ||||||
Hitachi Transport System Ltd. | 60 | 1,564 | ||||||
Hitachi Zosen Corp. | 1,300 | 6,843 | ||||||
Hokuetsu Industries Co., Ltd. | 1,389 | 15,758 | ||||||
Hokuhoku Financial Group, Inc. | 706 | 11,043 | ||||||
Hokuriku Electric Power Co.(a) | 2,100 | 16,908 |
See Notes to Financial Statements.
52 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
Horiba Ltd. | 473 | $ | 28,510 | |||||
Hyakujushi Bank Ltd. (The) | 6,677 | 22,168 | ||||||
Ibiden Co., Ltd. | 710 | 10,633 | ||||||
Ichigo, Inc.(a) | 2,000 | 7,581 | ||||||
IDOM, Inc.(a) | 600 | 4,261 | ||||||
Iino Kaiun Kaisha Ltd. | 730 | 4,115 | ||||||
Imasen Electric Industrial | 686 | 8,130 | ||||||
Itochu Enex Co., Ltd. | 1,300 | 12,533 | ||||||
Japan Steel Works Ltd. (The) | 600 | 19,308 | ||||||
Japan Transcity Corp. | 275 | 1,186 | ||||||
Japan Wool Textile Co., Ltd. (The) | 1,384 | 13,355 | ||||||
Jimoto Holdings, Inc. | 2,700 | 4,626 | ||||||
Joshin Denki Co., Ltd. | 46 | 1,637 | ||||||
K’s Holdings Corp. | 95 | 2,436 | ||||||
Kadokawa Dwango* | 73 | 901 | ||||||
Kamei Corp. | 691 | 11,968 | ||||||
Kandenko Co., Ltd. | 578 | 6,085 | ||||||
Kasai Kogyo Co., Ltd. | 5 | 82 | ||||||
Kato Sangyo Co., Ltd. | 48 | 1,760 | ||||||
Kato Works Co., Ltd. | 64 | 1,946 | ||||||
Keihin Corp. | 600 | 12,218 | ||||||
Keiyo Bank Ltd. (The) | 6,602 | 30,241 | ||||||
Kenedix, Inc. | 736 | 4,508 | ||||||
Kitagawa Iron Works Co., Ltd. | 1 | 27 | ||||||
Kitano Construction Corp. | 6,563 | 23,654 | ||||||
Kitz Corp. | 700 | 5,425 | ||||||
Koa Corp. | 692 | 14,301 | ||||||
Kobe Bussan Co., Ltd. | 36 | 1,381 | ||||||
Koei Tecmo Holdings Co., Ltd. | 600 | 12,128 | ||||||
Kohnan Shoji Co., Ltd. | 600 | 12,953 | ||||||
KOMEDA Holdings Co., Ltd. | 600 | 11,047 | ||||||
Konaka Co., Ltd. | 1,350 | 7,622 | ||||||
Krosaki Harima Corp. | 49 | 2,060 | ||||||
Kurabo Industries Ltd. | 6,637 | 21,564 | ||||||
KYB Corp. | 580 | 33,930 | ||||||
KYORIN Holdings, Inc. | 673 | 12,618 | ||||||
Kyoto Kimono Yuzen Co., Ltd.(a) | 732 | 5,049 | ||||||
Kyowa Exeo Corp. | 700 | 18,126 | ||||||
Kyudenko Corp. | 600 | 29,028 | ||||||
Leopalace21 Corp. | 2,000 | 15,553 | ||||||
Life Corp. | 666 | 17,973 | ||||||
Lintec Corp. | 600 | 16,751 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 652 | 14,221 | ||||||
Maeda Corp. | 141 | 1,945 | ||||||
Maeda Road Construction Co., Ltd. | 142 | 3,259 | ||||||
Makino Milling Machine Co., Ltd. | 252 | 2,552 | ||||||
Mandom Corp. | 42 | 1,378 | ||||||
Mani, Inc. | 54 | 1,644 | ||||||
Marubun Corp. | 684 | 7,031 | ||||||
Matsui Securities Co., Ltd. | 1,400 | 11,819 | ||||||
Megmilk Snow Brand Co., Ltd. | 654 | 19,362 | ||||||
Meisei Industrial Co., Ltd. | 698 | 5,137 | ||||||
Miraca Holdings, Inc. | 680 | 29,126 | ||||||
Mirait Holdings Corp. | 700 | 10,421 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 673 | 16,728 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd. | 700 | 10,489 | ||||||
Mitsui Home Co., Ltd. | 302 | 2,091 | ||||||
Miyazaki Bank Ltd. (The) | 658 | 22,459 | ||||||
Modec, Inc. | 500 | 12,916 | ||||||
MTI Ltd. | 700 | 4,002 | ||||||
Nachi-Fujikoshi Corp. | 6,623 | 44,447 | ||||||
Nakanishi, Inc. | 39 | 2,036 | ||||||
NEC Networks & System Integration Corp. | 606 | 15,950 | ||||||
NET One Systems Co., Ltd. | 600 | 9,225 | ||||||
NHK Spring Co., Ltd. | 1,454 | 16,005 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 600 | 9,262 | ||||||
Nichias Corp. | 149 | 1,985 | ||||||
Nichiha Corp. | 54 | 2,265 | ||||||
Nichireki Co., Ltd. | 687 | 8,867 | ||||||
Nihon House Holdings Co., Ltd. | 1,427 | 9,285 | ||||||
Nihon Kohden Corp. | 600 | 13,928 | ||||||
Nihon Parkerizing Co., Ltd. | 640 | 10,800 | ||||||
Nihon Unisys Ltd. | 600 | 12,495 | ||||||
Nippo Corp. | 112 | 2,622 | ||||||
Nippon Coke & Engineering Co., Ltd. | 6,974 | 7,986 | ||||||
Nippon Denko Co., Ltd.(a) | 2,094 | 8,755 | ||||||
Nippon Flour Mills Co., Ltd. | 681 | 10,446 | ||||||
Nippon Kayaku Co., Ltd. | 663 | 9,841 | ||||||
Nippon Koei Co., Ltd. | 673 | 20,910 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 6,900 | 19,662 | ||||||
Nippon Paper Industries Co., Ltd. | 700 | 13,310 | ||||||
Nippon Parking Development Co., Ltd. | 5,591 | 9,529 | ||||||
Nippon Road Co., Ltd. (The) | 39 | 2,281 | ||||||
Nipro Corp. | 690 | 10,241 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 700 | 8,389 | ||||||
Nishimatsu Construction Co., Ltd. | 1,150 | 32,259 | ||||||
Nishimatsuya Chain Co., Ltd. | 600 | 6,674 | ||||||
Nissha Co., Ltd. | 34 | 990 | ||||||
Nisshin Oillio Group Ltd. (The) | 42 | 1,273 | ||||||
Nisshinbo Holdings, Inc. | 2,050 | 27,788 | ||||||
Nitta Corp. | 656 | 25,273 | ||||||
Noevir Holdings Co., Ltd. | 673 | 49,945 | ||||||
NOF Corp. | 86 | 2,309 | ||||||
Nomura Co., Ltd. | 679 | 15,515 | ||||||
NS Solutions Corp. | 600 | 16,431 | ||||||
NTN Corp. | 2,124 | 10,540 | ||||||
Obara Group, Inc. | 27 | 1,853 | ||||||
Ohsho Food Service Corp. | 672 | 32,153 | ||||||
Oita Bank Ltd. (The) | 566 | 22,007 | ||||||
Okamura Corp. | 600 | 8,772 | ||||||
Okasan Securities Group, Inc. | 6,790 | 42,072 | ||||||
Oki Electric Industry Co., Ltd. | 700 | 9,824 | ||||||
OKUMA Corp. | 45 | 2,992 | ||||||
Okumura Corp. | 90 | 3,707 | ||||||
Onward Holdings Co., Ltd. | 621 | 5,380 | ||||||
Open House Co., Ltd. | 65 | 3,497 | ||||||
OSG Corp. | 600 | 12,996 | ||||||
PAL GROUP Holdings Co., Ltd. | 45 | 1,414 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 53 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
Penta-Ocean Construction Co., Ltd. | 1,300 | $ | 9,694 | |||||
Plenus Co., Ltd. | 600 | 13,092 | ||||||
Prima Meat Packers Ltd. | 289 | 2,122 | ||||||
Rengo Co., Ltd. | 2,150 | 15,708 | ||||||
Resorttrust, Inc. | 600 | 13,640 | ||||||
Roland DG Corp. | 668 | 17,968 | ||||||
Round One Corp. | 630 | 10,603 | ||||||
Ryoden Corp. | 90 | 1,458 | ||||||
Saizeriya Co., Ltd. | 46 | 1,539 | ||||||
Sakai Chemical Industry Co., Ltd. | 71 | 1,903 | ||||||
Sakata INX Corp. | 680 | 10,872 | ||||||
San-Ai Oil Co., Ltd. | 629 | 9,163 | ||||||
Sankyu, Inc. | 65 | 2,807 | ||||||
Sanoh Industrial Co., Ltd. | 772 | 6,202 | ||||||
Sanrio Co., Ltd.(a) | 700 | 11,720 | ||||||
Sanwa Holdings Corp. | 1,400 | 19,288 | ||||||
Sanyo Denki Co., Ltd. | 49 | 3,515 | ||||||
Sawai Pharmaceutical Co., Ltd. | 600 | 26,844 | ||||||
Seikagaku Corp. | 661 | 9,858 | ||||||
Seino Holdings Co., Ltd. | 700 | 11,123 | ||||||
Senko Group Holdings Co., Ltd. | 1,380 | 9,972 | ||||||
SFP Holdings Co., Ltd. | 572 | 11,420 | ||||||
Shiga Bank Ltd. (The) | 420 | 2,151 | ||||||
Shikoku Chemicals Corp. | 112 | 1,816 | ||||||
Shimachu Co., Ltd. | 653 | 18,810 | ||||||
Shinko Plantech Co., Ltd. | 700 | 7,432 | ||||||
Shoei Co., Ltd. | 577 | 26,430 | ||||||
Showa Sangyo Co., Ltd. | 50 | 1,302 | ||||||
SKY Perfect JSAT Holdings, Inc. | 3,400 | 15,574 | ||||||
Sotetsu Holdings, Inc. | 800 | 21,028 | ||||||
Starts Corp., Inc. | 600 | 15,712 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 813 | 4,540 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 25 | 1,389 | ||||||
T-Gaia Corp. | 700 | 16,268 | ||||||
Tadano Ltd. | 627 | 10,414 | ||||||
Taiho Kogyo Co., Ltd. | 7 | 104 | ||||||
Taiyo Holdings Co., Ltd. | 659 | 29,367 | ||||||
Takara Holdings, Inc. | 700 | 8,178 | ||||||
Takara Leben Co., Ltd. | 1,400 | 6,189 | ||||||
Takeuchi Manufacturing Co., Ltd. | 653 | 15,518 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 2,068 | 16,467 | ||||||
TechnoPro Holdings, Inc. | 73 | 3,966 | ||||||
TOA Corp. | 616 | 7,754 | ||||||
Tocalo Co., Ltd. | 88 | 3,929 | ||||||
Tochigi Bank Ltd. (The) | 1,444 | 5,820 | ||||||
Toda Corp. | 404 | 3,242 | ||||||
Toho Bank Ltd. (The) | 5,614 | 19,735 | ||||||
TOKAI Holdings Corp. | 700 | 5,953 | ||||||
Tokai Rika Co., Ltd. | 700 | 14,739 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 1,518 | 9,797 | ||||||
Tokyo Dome Corp. | 729 | 7,377 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 757 | 6,801 | ||||||
Tokyo TY Financial Group, Inc. | 48 | 1,391 | ||||||
Tokyotokeiba Co., Ltd. | 580 | 21,959 | ||||||
Tokyu Construction Co., Ltd. | 700 | 6,823 | ||||||
TOMONY Holdings, Inc. | 1,401 | 7,213 | ||||||
Toshiba Machine Co., Ltd. | 452 | 3,374 | ||||||
Toshiba Plant Systems & Services Corp. | 600 | 11,196 | ||||||
Totetsu Kogyo Co., Ltd. | 45 | 1,494 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 6,644 | 39,339 | ||||||
Toyo Tire & Rubber Co., Ltd. | 737 | 15,231 | ||||||
Toyobo Co., Ltd. | 687 | 12,484 | ||||||
Trusco Nakayama Corp. | 600 | 17,497 | ||||||
TS Tech Co., Ltd. | 684 | 28,143 | ||||||
Tsubaki Nakashima Co., Ltd. | 693 | 16,518 | ||||||
Tsubakimoto Chain Co. | 283 | 2,286 | ||||||
Tsugami Corp. | 233 | 2,999 | ||||||
Tsumura & Co. | 613 | 20,379 | ||||||
UACJ Corp. | 52 | 1,359 | ||||||
Ube Industries Ltd. | 600 | 17,656 | ||||||
UKC Holdings Corp. | 654 | 14,427 | ||||||
Universal Entertainment Corp. | 600 | 22,104 | ||||||
Valor Holdings Co., Ltd. | 600 | 14,029 | ||||||
Vital KSK Holdings, Inc. | 600 | 5,497 | ||||||
VT Holdings Co., Ltd. | 700 | 3,486 | ||||||
Wacoal Holdings Corp. | 134 | 4,235 | ||||||
Yamagata Bank Ltd. (The) | 68 | 1,485 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 419 | 1,830 | ||||||
Yamatane Corp. | 600 | 11,675 | ||||||
Yokohama Reito Co., Ltd. | 700 | 7,258 | ||||||
Yondoshi Holdings, Inc. | 42 | 1,114 | ||||||
Yumeshin Holdings Co., Ltd. | 1,400 | 13,459 | ||||||
Yushin Precision Equipment Co., Ltd. | 49 | 1,398 | ||||||
Zeon Corp. | 670 | 9,701 | ||||||
Zojirushi Corp. | 600 | 6,115 | ||||||
|
| |||||||
Total Japan | 3,105,533 | |||||||
Netherlands – 1.8% | ||||||||
Accell Group | 181 | 5,092 | ||||||
Amsterdam Commodities N.V. | 36 | 1,042 | ||||||
BE Semiconductor Industries N.V. | 489 | 41,051 | ||||||
Beter Bed Holding N.V. | 293 | 4,658 | ||||||
BinckBank N.V. | 1,712 | 9,115 | ||||||
Corbion N.V. | 817 | 26,489 | ||||||
Flow Traders(b) | 650 | 15,610 | ||||||
ForFarmers N.V. | 720 | 9,026 | ||||||
Intertrust N.V.(b) | 770 | 14,452 | ||||||
Koninklijke BAM Groep N.V. | 1,350 | 6,210 | ||||||
PostNL N.V. | 4,190 | 20,508 | ||||||
Refresco Group N.V.(b) | 357 | 8,488 | ||||||
Rhi Magnesita N.V.* | 265 | 13,876 | ||||||
SIF Holding N.V.(a) | 231 | 4,829 | ||||||
TKH Group N.V. CVA | 405 | 25,741 | ||||||
Wessanen | 174 | 3,590 | ||||||
|
| |||||||
Total Netherlands | 209,777 | |||||||
New Zealand – 4.1% | ||||||||
Air New Zealand Ltd. | 24,837 | 56,348 | ||||||
Chorus Ltd. | 4,721 | 14,102 |
See Notes to Financial Statements.
54 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
Contact Energy Ltd. | 10,640 | $ | 42,073 | |||||
EBOS Group Ltd. | 1,782 | 23,510 | ||||||
Fonterra Co-operative Group Ltd. | 133 | 606 | ||||||
Freightways Ltd. | 2,432 | 13,266 | ||||||
Genesis Energy Ltd. | 21,762 | 39,002 | ||||||
Heartland Bank Ltd. | 7,421 | 10,978 | ||||||
Infratil Ltd. | 6,517 | 15,388 | ||||||
Investore Property Ltd. | 643 | 681 | ||||||
Kathmandu Holdings Ltd. | 5,741 | 9,922 | ||||||
Kiwi Property Group Ltd. | 19,170 | 19,155 | ||||||
Mainfreight Ltd. | 860 | 15,529 | ||||||
Metlifecare Ltd. | 776 | 3,367 | ||||||
Metro Performance Glass Ltd. | 5,734 | 4,078 | ||||||
Michael Hill International Ltd. | 6,664 | 6,411 | ||||||
New Zealand Refining Co., Ltd. (The) | 4,215 | 7,944 | ||||||
NZME Ltd. | 8,153 | 5,103 | ||||||
NZX Ltd. | 14,826 | 11,810 | ||||||
Port of Tauranga Ltd. | 4,155 | 14,598 | ||||||
Restaurant Brands New Zealand Ltd. | 1,329 | 6,900 | ||||||
Sanford Ltd. | 854 | 5,041 | ||||||
Scales Corp., Ltd. | 2,296 | 7,805 | ||||||
Skellerup Holdings Ltd. | 3,925 | 5,164 | ||||||
SKY Network Television Ltd. | 10,437 | 20,858 | ||||||
SKYCITY Entertainment Group Ltd. | 8,482 | 25,034 | ||||||
Steel & Tube Holdings Ltd. | 3,753 | 5,605 | ||||||
Summerset Group Holdings Ltd. | 1,007 | 3,939 | ||||||
Tegel Group Holdings Ltd. | 7,209 | 5,999 | ||||||
Tourism Holdings Ltd. | 1,807 | 7,775 | ||||||
Trade Me Group Ltd. | 5,555 | 19,122 | ||||||
Trustpower Ltd. | 3,554 | 15,115 | ||||||
Z Energy Ltd. | 5,688 | 31,028 | ||||||
|
| |||||||
Total New Zealand | 473,256 | |||||||
Norway – 3.1% | ||||||||
ABG Sundal Collier Holding ASA | 15,654 | 11,387 | ||||||
American Shipping Co. ASA* | 3,268 | 9,549 | ||||||
Arcus ASA(b) | 873 | 4,963 | ||||||
Atea ASA* | 2,117 | 29,894 | ||||||
Austevoll Seafood ASA | 1,842 | 15,370 | ||||||
Borregaard ASA | 1,014 | 10,104 | ||||||
Ekornes ASA | 881 | 12,764 | ||||||
Entra ASA(b) | 1,831 | 27,310 | ||||||
Europris ASA(b) | 4,208 | 17,183 | ||||||
Grieg Seafood ASA | 2,236 | 19,751 | ||||||
Norway Royal Salmon ASA | 923 | 15,178 | ||||||
Ocean Yield ASA | 2,782 | 23,639 | ||||||
Protector Forsikring ASA | 790 | 8,693 | ||||||
Sbanken ASA(b) | 427 | 4,228 | ||||||
Scatec Solar ASA(b) | 938 | 5,734 | ||||||
Selvaag Bolig ASA | 1,679 | 6,959 | ||||||
SpareBank 1 Nord Norge | 1,504 | 11,446 | ||||||
SpareBank 1 SMN | 1,786 | 17,960 | ||||||
SpareBank 1 SR-Bank ASA | 2,738 | 29,123 | ||||||
Sparebanken Vest | 1,588 | 10,581 | ||||||
TGS Nopec Geophysical Co. ASA | 1,057 | 25,096 | ||||||
Tomra Systems ASA | 1,204 | 19,357 | ||||||
Veidekke ASA | 1,821 | 20,649 | ||||||
|
| |||||||
Total Norway | 356,918 | |||||||
Portugal – 1.3% | ||||||||
Altri, SGPS, S.A. | 3,551 | 22,049 | ||||||
Corticeira Amorim, SGPS, S.A. | 490 | 6,060 | ||||||
CTT-Correios de Portugal S.A. | 2,047 | 8,620 | ||||||
Mota-Engil, SGPS, S.A. | 3,090 | 13,592 | ||||||
REN—Redes Energeticas Nacionais, SGPS, S.A. | 14,195 | 42,256 | ||||||
Semapa-Sociedade de Investimento e Gestao | 762 | 16,283 | ||||||
Sonae Capital, SGPS, S.A. | 8,899 | 9,478 | ||||||
Sonae, SGPS, S.A. | 28,083 | 37,971 | ||||||
|
| |||||||
Total Portugal | 156,309 | |||||||
Singapore – 3.7% | ||||||||
Accordia Golf Trust | 15,465 | 7,927 | ||||||
Asian Pay Television Trust | 16,001 | 7,064 | ||||||
Boustead Singapore Ltd. | 7,685 | 4,945 | ||||||
Bukit Sembawang Estates Ltd. | 4,100 | 19,236 | ||||||
Centurion Corp., Ltd. | 17,400 | 6,836 | ||||||
China Aviation Oil Singapore Corp., Ltd.(a) | 2,034 | 2,466 | ||||||
Chip Eng Seng Corp., Ltd. | 20,205 | 14,741 | ||||||
CITIC Envirotech Ltd. | 10,500 | 5,853 | ||||||
Far East Orchard Ltd. | 7,600 | 8,530 | ||||||
First Resources Ltd. | 3,427 | 4,795 | ||||||
Geo Energy Resources Ltd.(a) | 18,900 | 3,748 | ||||||
GuocoLand Ltd. | 13,900 | 23,298 | ||||||
Ho Bee Land Ltd. | 4,200 | 7,731 | ||||||
Hong Fok Corp., Ltd. | 7,600 | 4,891 | ||||||
iFAST Corp., Ltd. | 7,000 | 4,636 | ||||||
Indofood Agri Resources Ltd. | 12,600 | 3,677 | ||||||
Japfa Ltd. | 15,300 | 5,839 | ||||||
Keppel Infrastructure Trust | 83,161 | 35,781 | ||||||
Keppel Telecommunications & Transportation Ltd. | 6,300 | 7,401 | ||||||
KSH Holdings Ltd. | 7,625 | 4,393 | ||||||
Lian Beng Group Ltd. | 16,700 | 9,247 | ||||||
M1 Ltd. | 5,615 | 7,479 | ||||||
OUE Ltd. | 7,700 | 10,775 | ||||||
Oxley Holdings Ltd. | 22,260 | 10,910 | ||||||
Q&M Dental Group Singapore Ltd. | 11,800 | 5,430 | ||||||
QAF Ltd. | 9,100 | 7,627 | ||||||
Raffles Medical Group Ltd.(a) | 11,800 | 9,889 | ||||||
RHT Health Trust | 9,068 | 5,700 | ||||||
Sembcorp Marine Ltd.(a) | 9,703 | 13,359 | ||||||
Sheng Siong Group Ltd.(a) | 23,000 | 15,920 | ||||||
SIIC Environment Holdings Ltd. | 21,600 | 8,324 | ||||||
Singapore Post Ltd. | 32,800 | 30,434 | ||||||
Talkmed Group Ltd. | 4,200 | 2,137 | ||||||
UMS Holdings Ltd. | 7,000 | 5,343 | ||||||
United Engineers Ltd. | 8,400 | 16,594 | ||||||
UPP Holdings Ltd. | 21,000 | 4,164 | ||||||
Venture Corp., Ltd. | 2,708 | 41,479 | ||||||
Wheelock Properties Singapore Ltd. | 11,200 | 15,923 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 55 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
Wing Tai Holdings Ltd. | 7,700 | $ | 13,137 | |||||
Yanlord Land Group Ltd. | 13,209 | 16,012 | ||||||
|
| |||||||
Total Singapore | 433,671 | |||||||
Spain – 1.0% | ||||||||
Applus Services S.A. | 329 | 4,454 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 216 | 8,865 | ||||||
Elecnor S.A. | 643 | 10,262 | ||||||
Ence Energia y Celulosa S.A. | 1,898 | 12,535 | ||||||
Euskaltel S.A.(b) | 908 | 7,412 | ||||||
Faes Farma S.A. | 2,989 | 10,549 | ||||||
Fluidra S.A. | 539 | 7,644 | ||||||
Papeles y Cartones de Europa S.A. | 854 | 11,603 | ||||||
Saeta Yield S.A. | 2,147 | 25,291 | ||||||
Tecnicas Reunidas S.A.(a) | 629 | 19,985 | ||||||
|
| |||||||
Total Spain | 118,600 | |||||||
Sweden – 4.9% | ||||||||
Acando AB | 1,217 | 4,147 | ||||||
AddTech AB Class B | 420 | 9,208 | ||||||
AF AB Class B | 713 | 15,754 | ||||||
Alimak Group AB(b) | 399 | 6,238 | ||||||
Atrium Ljungberg AB Class B | 888 | 14,132 | ||||||
Attendo AB(b) | 658 | 7,068 | ||||||
Bergman & Beving AB Class B | 125 | 1,313 | ||||||
Betsson AB* | 2,236 | 16,523 | ||||||
Bilia AB Class A | 616 | 6,019 | ||||||
BioGaia AB Class B | 56 | 2,230 | ||||||
Bonava AB Class B | 461 | 6,453 | ||||||
Bravida Holding AB(b) | 567 | 3,798 | ||||||
Bulten AB | 217 | 3,247 | ||||||
Byggmax Group AB | 1,371 | 9,210 | ||||||
Capio AB(b) | 812 | 4,364 | ||||||
Clas Ohlson AB Class B | 776 | 10,663 | ||||||
Cloetta AB Class B | 931 | 3,377 | ||||||
Com Hem Holding AB | 686 | 10,507 | ||||||
Coor Service Management Holding AB(b) | 1,252 | 9,557 | ||||||
Dometic Group AB(b) | 2,485 | 25,358 | ||||||
Duni AB | 917 | 13,580 | ||||||
Dustin Group AB(b) | 427 | 4,250 | ||||||
Evolution Gaming Group AB(b) | 77 | 5,459 | ||||||
Granges AB | 749 | 7,707 | ||||||
Gunnebo AB | 1,071 | 4,408 | ||||||
Hemfosa Fastigheter AB | 2,548 | 34,202 | ||||||
HIQ International AB* | 1,113 | 8,462 | ||||||
Intrum Justitia AB(a) | 741 | 27,450 | ||||||
Inwido AB | 259 | 2,649 | ||||||
KNOW IT AB | 237 | 4,501 | ||||||
Kungsleden AB | 1,390 | 10,101 | ||||||
LeoVegas AB(b) | 524 | 5,360 | ||||||
Lifco AB Class B | 356 | 12,366 | ||||||
Lindab International AB | 258 | 2,149 | ||||||
Loomis AB Class B | 671 | 28,241 | ||||||
Magnolia Bostad AB(a) | 316 | 1,930 | ||||||
Mekonomen AB | 314 | 5,724 | ||||||
Modern Times Group MTG AB Class B | 923 | 38,870 | ||||||
MQ Holding AB | 2,011 | 6,558 | ||||||
Mycronic AB(a) | 868 | 9,011 | ||||||
NetEnt AB* | 1,588 | 10,958 | ||||||
New Wave Group AB Class B | 679 | 4,520 | ||||||
Nobina AB(b) | 1,721 | 11,351 | ||||||
Nolato AB Class B | 279 | 18,367 | ||||||
Nordax Group AB(b) | 1,399 | 9,056 | ||||||
Nordic Waterproofing Holding A/S(b) | 525 | 4,521 | ||||||
NP3 Fastigheter AB | 1,572 | 9,984 | ||||||
Paradox Interactive AB | 524 | 5,968 | ||||||
Platzer Fastigheter Holding AB Class B | 972 | 6,173 | ||||||
Pricer AB Class B | 4,229 | 4,390 | ||||||
Ratos AB Class B | 1,287 | 5,634 | ||||||
Recipharm AB Class B(a) | 342 | 4,125 | ||||||
Resurs Holding AB(b) | 3,649 | 25,961 | ||||||
Scandic Hotels Group AB(b) | 790 | 11,362 | ||||||
Systemair AB | 266 | 4,069 | ||||||
Thule Group AB(b) | 230 | 5,194 | ||||||
Wihlborgs Fastigheter AB | 951 | 22,801 | ||||||
|
| |||||||
Total Sweden | 566,578 | |||||||
Switzerland – 1.5% | ||||||||
Ascom Holding AG Registered Shares | 476 | 12,309 | ||||||
Bobst Group S.A. Registered Shares | 83 | 11,038 | ||||||
Daetwyler Holding AG Bearer Shares | 70 | 13,533 | ||||||
EFG International AG* | 3,869 | 40,894 | ||||||
GAM Holding AG* | 2,747 | 44,397 | ||||||
Implenia AG Registered Shares | 90 | 6,086 | ||||||
Kudelski S.A. Bearer Shares(a) | 349 | 4,316 | ||||||
Mobilezone Holding AG Registered Shares | 141 | 1,859 | ||||||
Oriflame Holding AG | 447 | 18,470 | ||||||
Tecan Group AG Registered Shares | 42 | 8,736 | ||||||
Valiant Holding AG Registered Shares | 62 | 6,706 | ||||||
Zehnder Group AG | 139 | 5,698 | ||||||
|
| |||||||
Total Switzerland | 174,042 | |||||||
United Kingdom – 15.9% | ||||||||
A.G. Barr PLC | 602 | 5,428 | ||||||
AA PLC | 8,884 | 20,430 | ||||||
Abcam PLC | 447 | 6,379 | ||||||
Ascential PLC | 2,646 | 13,791 | ||||||
AVEVA Group PLC | 210 | 7,855 | ||||||
Balfour Beatty PLC | 3,677 | 14,773 | ||||||
BCA Marketplace PLC | 9,977 | 27,560 | ||||||
BGEO Group PLC | 203 | 9,768 | ||||||
Big Yellow Group PLC | 1,071 | 12,597 | ||||||
Bodycote PLC | 1,327 | 16,389 | ||||||
Bovis Homes Group PLC | 896 | 14,205 | ||||||
Braemar Shipping Services PLC | 1,516 | 5,558 | ||||||
Brewin Dolphin Holdings PLC | 4,512 | 23,804 | ||||||
Britvic PLC | 3,946 | 43,504 | ||||||
Card Factory PLC | 2,007 | 8,012 | ||||||
Central Asia Metals PLC | 2,425 | 10,038 | ||||||
Chesnara PLC | 2,187 | 11,516 |
See Notes to Financial Statements.
56 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
Cineworld Group PLC | 1,225 | $ | 9,959 | |||||
Clarkson PLC | 181 | 7,005 | ||||||
Clinigen Group PLC | 343 | 4,779 | ||||||
Clipper Logistics PLC | 840 | 5,000 | ||||||
CMC Markets PLC(b) | 6,045 | 12,266 | ||||||
Coats Group PLC | 6,289 | 7,584 | ||||||
Communisis PLC | 8,842 | 7,715 | ||||||
Concentric AB | 259 | 4,777 | ||||||
Consort Medical PLC | 847 | 13,383 | ||||||
Costain Group PLC | 1,586 | 10,035 | ||||||
Countryside Properties PLC(b) | 3,771 | 18,007 | ||||||
Cranswick PLC | 167 | 7,539 | ||||||
Crest Nicholson Holdings PLC | 1,678 | 12,371 | ||||||
Dairy Crest Group PLC | 2,361 | 18,413 | ||||||
De La Rue PLC | 2,229 | 19,343 | ||||||
Dechra Pharmaceuticals PLC | 279 | 7,911 | ||||||
Devro PLC | 2,838 | 8,792 | ||||||
Dignity PLC | 168 | 4,136 | ||||||
Diploma PLC | 490 | 8,266 | ||||||
DiscoverIE Group PLC | 1,842 | 9,226 | ||||||
Domino’s Pizza Group PLC | 5,259 | 24,593 | ||||||
Drax Group PLC | 1,712 | 6,267 | ||||||
Dunelm Group PLC | 3,372 | 31,588 | ||||||
Elegant Hotels Group PLC | 6,492 | 7,948 | ||||||
Elementis PLC | 8,510 | 33,166 | ||||||
EMIS Group PLC | 1,112 | 15,208 | ||||||
Epwin Group PLC | 2,760 | 3,113 | ||||||
Equiniti Group PLC(b) | 4,442 | 17,143 | ||||||
Essentra PLC | 2,991 | 21,424 | ||||||
esure Group PLC | 6,816 | 22,913 | ||||||
Eurocell PLC | 1,908 | 5,549 | ||||||
Euromoney Institutional Investor PLC | 853 | 15,058 | ||||||
FDM Group Holdings PLC | 545 | 6,882 | ||||||
Fenner PLC | 2,611 | 14,119 | ||||||
Ferrexpo PLC | 2,478 | 9,825 | ||||||
Fevertree Drinks PLC | 154 | 4,744 | ||||||
Fidessa Group PLC | 230 | 7,875 | ||||||
Forterra PLC(b) | 1,609 | 6,492 | ||||||
Galliford Try PLC | 1,092 | 18,997 | ||||||
Games Workshop Group PLC | 726 | 25,859 | ||||||
Gamma Communications PLC | 587 | 5,122 | ||||||
Gattaca PLC | 1,364 | 5,612 | ||||||
Genus PLC | 154 | 5,273 | ||||||
Go-Ahead Group PLC | 336 | 6,768 | ||||||
Greggs PLC | 1,574 | 29,788 | ||||||
Halfords Group PLC | 1,574 | 7,448 | ||||||
Hastings Group Holdings PLC(b) | 6,454 | 27,938 | ||||||
Helical PLC | 1,495 | 6,876 | ||||||
Henry Boot PLC | 1,210 | 5,221 | ||||||
Hill & Smith Holdings PLC | 440 | 7,970 | ||||||
Hilton Food Group PLC | 889 | 10,390 | ||||||
Hochschild Mining PLC | 1,182 | 4,221 | ||||||
Ibstock PLC(b) | 4,246 | 15,307 | ||||||
J D Wetherspoon PLC | 321 | 5,458 | ||||||
James Fisher & Sons PLC | 139 | 2,943 | ||||||
John Laing Group PLC(b) | 1,649 | 6,558 | ||||||
John Menzies PLC | 1,308 | 12,041 | ||||||
Just Group PLC | 3,945 | 9,094 | ||||||
Kainos Group PLC | 1,684 | 7,734 | ||||||
Kcom Group PLC | 7,554 | 9,273 | ||||||
Keller Group PLC | 391 | 5,146 | ||||||
Kier Group PLC | 509 | 7,491 | ||||||
Lookers PLC | 4,961 | 6,912 | ||||||
Low & Bonar PLC | 5,318 | 3,939 | ||||||
Marshalls PLC | 1,148 | 7,064 | ||||||
McBride PLC* | 2,628 | 8,194 | ||||||
McCarthy & Stone PLC(b) | 5,316 | 11,348 | ||||||
McColl’s Retail Group PLC | 3,647 | 13,024 | ||||||
Mears Group PLC | 1,803 | 10,000 | ||||||
Moneysupermarket.com Group PLC | 5,783 | 27,865 | ||||||
Morgan Advanced Materials PLC | 2,243 | 10,234 | ||||||
Morgan Sindall Group PLC | 448 | 8,654 | ||||||
N Brown Group PLC | 2,900 | 10,619 | ||||||
National Express Group PLC | 7,575 | 39,031 | ||||||
NCC Group PLC | 3,201 | 10,133 | ||||||
Northgate PLC | 1,880 | 9,696 | ||||||
Numis Corp. PLC | 1,957 | 8,869 | ||||||
On the Beach Group PLC(b) | 609 | 3,872 | ||||||
OneSavings Bank PLC | 1,148 | 6,408 | ||||||
Oxford Instruments PLC | 216 | 2,487 | ||||||
Pagegroup PLC | 6,056 | 38,299 | ||||||
Pan African Resources PLC | 39,387 | 7,060 | ||||||
PayPoint PLC | 483 | 5,965 | ||||||
Pendragon PLC | 26,919 | 10,378 | ||||||
Pets at Home Group PLC | 4,961 | 11,838 | ||||||
Photo-Me International PLC | 1,600 | 3,983 | ||||||
Polar Capital Holdings PLC | 1,957 | 14,368 | ||||||
Polypipe Group PLC | 2,077 | 11,048 | ||||||
PZ Cussons PLC | 2,310 | 10,109 | ||||||
QinetiQ Group PLC | 6,338 | 19,814 | ||||||
Rank Group PLC | 6,177 | 20,180 | ||||||
Redde PLC | 7,610 | 18,041 | ||||||
Redrow PLC | 3,054 | 27,039 | ||||||
Ricardo PLC | 538 | 6,452 | ||||||
Rotork PLC | 6,804 | 24,566 | ||||||
RPS Group PLC | 3,153 | 11,612 | ||||||
RWS Holdings PLC | 1,112 | 6,938 | ||||||
Safestore Holdings PLC | 2,299 | 15,537 | ||||||
Savills PLC | 1,782 | 23,937 | ||||||
Senior PLC | 2,154 | 7,596 | ||||||
Servelec Group PLC | 1,125 | 4,824 | ||||||
Severfield PLC | 4,036 | 4,354 | ||||||
Soco International PLC | 6,637 | 10,011 | ||||||
Softcat PLC | 1,546 | 10,875 | ||||||
Sophos Group PLC(b) | 902 | 6,955 | ||||||
Spirent Communications PLC | 2,922 | 4,032 | ||||||
St. Modwen Properties PLC | 1,859 | 10,205 | ||||||
Stock Spirits Group PLC | 3,858 | 14,026 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 57 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Investments | Shares | Value | ||||||
SuperGroup PLC | 832 | $ | 22,251 | |||||
Synthomer PLC | 1,336 | 8,881 | ||||||
TalkTalk Telecom Group PLC(a) | 26,866 | 55,205 | ||||||
TBC Bank Group PLC | 385 | 9,114 | ||||||
Ted Baker PLC | 468 | 17,163 | ||||||
Telecom Plus PLC | 482 | 7,831 | ||||||
Thomas Cook Group PLC | 5,342 | 8,881 | ||||||
Topps Tiles PLC | 4,749 | 5,139 | ||||||
TT electronics PLC | 2,443 | 7,394 | ||||||
Tyman PLC | 2,471 | 12,142 | ||||||
Ultra Electronics Holdings PLC | 608 | 11,079 | ||||||
Unite Group PLC (The) | 1,334 | 14,527 | ||||||
Vedanta Resources PLC | 4,470 | 48,646 | ||||||
Vesuvius PLC | 2,096 | 16,559 | ||||||
Victrex PLC | 643 | 22,946 | ||||||
Volution Group PLC | 2,873 | 7,967 | ||||||
Watkin Jones PLC | 2,787 | 8,275 | ||||||
WH Smith PLC | 1,413 | 44,861 | ||||||
Wincanton PLC | 1,761 | 5,658 | ||||||
ZPG PLC(b) | 2,268 | 10,143 | ||||||
|
| |||||||
Total United Kingdom | 1,853,602 | |||||||
TOTAL COMMON STOCKS (Cost: $10,773,511) |
| 11,676,331 | ||||||
RIGHTS – 0.0% | ||||||||
Australia – 0.0% | ||||||||
Cleanaway Waste Management Ltd., expiring 1/19/18* | ||||||||
(Cost $0) | 2,301 | 270 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3% | ||||||||
United States – 2.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c) | ||||||||
(Cost: $260,515)(d) | 260,515 | 260,515 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.5% (Cost: $11,034,026) | 11,937,116 | |||||||
Other Assets less Liabilities – (2.5)% |
| (285,513 | ) | |||||
|
| |||||||
NET ASSETS – 100.0% | $ | 11,651,603 |
* | Non-income producing security. |
† | Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represent 0.0% of net assets. |
(a) | Security, or portion thereof, was on loan at December 31, 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 December 31, 2017. |
(d) | At December 31, 2017, the total market value of the Fund’s securities on loan was $308,165 and the total market value of the collateral held by the Fund was $326,143. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $65,628. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 197,160 | AUD | 154,204 | USD | $ | 5 | $ | — | |||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 72,889 | DKK | 11,755 | USD | 1 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 130,286 | EUR | 156,443 | USD | 5 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 141,006 | GBP | 190,739 | USD | 7 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 129,797 | ILS | 37,385 | USD | 3 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 395,769 | NOK | 48,384 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 492,061 | SEK | 60,102 | USD | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 88,116 | USD | 116,096 | AUD | — | (2,688 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 6,717 | USD | 41,829 | DKK | — | (29 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 89,396 | USD | 74,811 | EUR | — | (437 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 108,993 | USD | 80,416 | GBP | 211 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 21,363 | USD | 74,566 | ILS | — | (116 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 27,648 | USD | 228,940 | NOK | — | (342 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 34,344 | USD | 285,451 | SEK | — | (520 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 30,623 | CHF | 31,425 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 65,165 | NZD | 46,344 | USD | 1 | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 59,895 | SGD | 44,817 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 17,957 | USD | 17,582 | CHF | — | (86 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 26,482 | USD | 38,608 | NZD | — | (976 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 25,609 | USD | 34,490 | SGD | — | (199 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 35,780,618 | JPY | 317,682 | USD | 11 | — | |||||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 181,532 | USD | 20,270,643 | JPY | 1,551 | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 267,786 | USD | 342,381 | AUD | — | (15 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 32,734 | USD | 31,835 | CHF | — | (2 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 12,231 | USD | 75,709 | DKK | — | (2 | ) |
See Notes to Financial Statements.
58 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 160,883 | USD | 133,759 | EUR | $ | — | $ | (14 | ) | ||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 197,004 | USD | 145,500 | GBP | — | (12 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 37,683 | USD | 130,666 | ILS | 3 | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 73,998 | USD | 604,783 | NOK | — | (6 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 49,618 | USD | 69,797 | NZD | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 61,665 | USD | 503,987 | SEK | — | — | |||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 538,792 | USD | 60,610,490 | JPY | — | (64 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 45,169 | USD | 60,339 | SGD | — | (3 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 150,219 | AUD | 117,491 | USD | 3 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 55,551 | DKK | 8,959 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 99,267 | EUR | 119,197 | USD | 3 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 107,433 | GBP | 145,326 | USD | 4 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 98,895 | ILS | 28,486 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 301,556 | NOK | 36,867 | USD | 1 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 374,945 | SEK | 45,796 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 23,334 | CHF | 23,945 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 49,655 | NZD | 35,314 | USD | 1 | — | |||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 45,633 | SGD | 34,148 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 1/9/2018 | 27,261,358 | JPY | 242,045 | USD | 6 | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 204,029 | USD | 260,857 | AUD | — | (6 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 24,943 | USD | 24,258 | CHF | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 9,323 | USD | 57,704 | DKK | — | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 122,578 | USD | 101,909 | EUR | — | (6 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 150,102 | USD | 110,859 | GBP | — | (7 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 28,715 | USD | 99,575 | ILS | 1 | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 56,384 | USD | 460,810 | NOK | — | (3 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 37,807 | USD | 53,182 | NZD | — | (2 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 46,985 | USD | 384,006 | SEK | — | — | |||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 410,509 | USD | 46,176,843 | JPY | — | (25 | ) | ||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 34,415 | USD | 45,975 | SGD | — | (4 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 197,159 | AUD | 154,204 | USD | 4 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 72,888 | DKK | 11,755 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 130,286 | EUR | 156,443 | USD | 4 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 141,004 | GBP | 190,739 | USD | 4 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 129,785 | ILS | 37,385 | USD | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 395,759 | NOK | 48,384 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 492,073 | SEK | 60,102 | USD | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 88,116 | USD | 116,095 | AUD | — | (2,688 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 6,717 | USD | 41,829 | DKK | — | (29 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 89,396 | USD | 74,811 | EUR | — | (437 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 108,993 | USD | 80,412 | GBP | 216 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 21,363 | USD | 74,563 | ILS | — | (115 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 27,648 | USD | 228,930 | NOK | — | (341 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 34,344 | USD | 285,434 | SEK | — | (518 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 30,623 | CHF | 31,425 | USD | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 65,165 | NZD | 46,344 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 59,880 | SGD | 44,817 | USD | — | (9 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 17,957 | USD | 17,582 | CHF | — | (85 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 26,482 | USD | 38,608 | NZD | — | (976 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 25,609 | USD | 34,491 | SGD | — | (200 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/9/2018 | 35,779,888 | JPY | 317,682 | USD | 4 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/9/2018 | 181,532 | USD | 20,269,899 | JPY | 1,558 | — | |||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 267,786 | USD | 342,384 | AUD | — | (17 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 32,734 | USD | 31,836 | CHF | — | (2 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 12,231 | USD | 75,705 | DKK | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 160,883 | USD | 133,756 | EUR | — | (9 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 197,004 | USD | 145,502 | GBP | — | (15 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 37,683 | USD | 130,681 | ILS | — | (1 | ) |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 59 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 73,998 | USD | 605,208 | NOK | $ | — | $ | (58 | ) | ||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 49,618 | USD | 69,797 | NZD | — | (3 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 61,665 | USD | 504,048 | SEK | — | (8 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 538,792 | USD | 60,608,658 | JPY | — | (47 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 45,169 | USD | 60,348 | SGD | — | (10 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 197,160 | AUD | 154,204 | USD | 5 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 72,889 | DKK | 11,755 | USD | 1 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 130,286 | EUR | 156,443 | USD | 5 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 141,005 | GBP | 190,739 | USD | 6 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 129,789 | ILS | 37,385 | USD | — | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 395,762 | NOK | 48,384 | USD | 1 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 492,100 | SEK | 60,102 | USD | 2 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 88,116 | USD | 116,096 | AUD | — | (2,689 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 209,802 | USD | 273,683 | AUD | — | (4,259 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 6,717 | USD | 41,834 | DKK | — | (30 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 15,994 | USD | 100,052 | DKK | — | (142 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 89,396 | USD | 74,811 | EUR | — | (437 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 212,848 | USD | 178,865 | EUR | — | (1,933 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 108,993 | USD | 80,416 | GBP | 210 | — | |||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 259,509 | USD | 193,350 | GBP | — | (2,046 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 21,363 | USD | 74,560 | ILS | — | (114 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 50,865 | USD | 177,701 | ILS | — | (321 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 27,648 | USD | 228,928 | NOK | — | (341 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 65,829 | USD | 551,308 | NOK | — | (1,573 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 34,344 | USD | 285,440 | SEK | — | (519 | ) | ||||||||||||||||||||
Citibank N.A. | 1/3/2018 | 81,773 | USD | 683,402 | SEK | — | (1,696 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 30,625 | CHF | 31,425 | USD | 1 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 65,165 | NZD | 46,344 | USD | 1 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 59,895 | SGD | 44,817 | USD | 2 | — | |||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 17,957 | USD | 17,583 | CHF | — | (86 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 42,756 | USD | 42,010 | CHF | — | (353 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 26,482 | USD | 38,606 | NZD | — | (974 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 63,054 | USD | 90,483 | NZD | — | (1,297 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 25,609 | USD | 34,487 | SGD | — | (197 | ) | ||||||||||||||||||||
Citibank N.A. | 1/4/2018 | 60,976 | USD | 81,999 | SGD | — | (383 | ) | ||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 35,778,426 | JPY | 317,682 | USD | — | (9 | ) | ||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 181,532 | USD | 20,270,825 | JPY | 1,549 | — | |||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 432,221 | USD | 48,894,309 | JPY | — | (1,907 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 267,786 | USD | 342,375 | AUD | — | (10 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 32,734 | USD | 31,838 | CHF | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 12,231 | USD | 75,708 | DKK | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 160,883 | USD | 133,756 | EUR | — | (9 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 197,004 | USD | 145,499 | GBP | — | (10 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 37,683 | USD | 130,674 | ILS | 1 | — | |||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 73,998 | USD | 604,756 | NOK | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 49,618 | USD | 69,796 | NZD | — | (3 | ) | ||||||||||||||||||||
Citibank N.A. | 2/2/2018 | 61,665 | USD | 504,022 | SEK | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 2/5/2018 | 538,792 | USD | 60,608,927 | JPY | — | (50 | ) | ||||||||||||||||||||
Citibank N.A. | 2/5/2018 | 45,169 | USD | 60,338 | SGD | — | (2 | ) | ||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 197,159 | AUD | 154,204 | USD | 4 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 72,888 | DKK | 11,755 | USD | — | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 130,286 | EUR | 156,443 | USD | 4 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 141,004 | GBP | 190,739 | USD | 5 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 129,794 | ILS | 37,385 | USD | 2 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 395,760 | NOK | 48,384 | USD | 1 | — | |||||||||||||||||||||
Credit Suisse International | 1/3/2018 | 492,073 | SEK | 60,102 | USD | — | (2 | ) | ||||||||||||||||||||
Credit Suisse International | 1/4/2018 | 30,623 | CHF | 31,425 | USD | — | (1 | ) | ||||||||||||||||||||
Credit Suisse International | 1/4/2018 | 65,165 | NZD | 46,344 | USD | 1 | — |
See Notes to Financial Statements.
60 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Credit Suisse International | 1/4/2018 | 59,888 | SGD | 44,817 | USD | $ | — | $ | (3 | ) | ||||||||||||||||||
Credit Suisse International | 1/9/2018 | 35,779,507 | JPY | 317,682 | USD | 1 | — | |||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 267,786 | USD | 342,378 | AUD | — | (12 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 32,734 | USD | 31,835 | CHF | — | (1 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 12,231 | USD | 75,704 | DKK | — | (1 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 160,883 | USD | 133,760 | EUR | — | (15 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 197,004 | USD | 145,504 | GBP | — | (16 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 37,683 | USD | 130,693 | ILS | — | (5 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 73,998 | USD | 604,775 | NOK | — | (5 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 49,618 | USD | 69,799 | NZD | — | (5 | ) | ||||||||||||||||||||
Credit Suisse International | 2/2/2018 | 61,665 | USD | 504,003 | SEK | — | (2 | ) | ||||||||||||||||||||
Credit Suisse International | 2/5/2018 | 538,792 | USD | 60,609,412 | JPY | — | (54 | ) | ||||||||||||||||||||
Credit Suisse International | 2/5/2018 | 45,169 | USD | 60,356 | SGD | — | (16 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 88,116 | USD | 116,094 | AUD | — | (2,687 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 6,717 | USD | 41,833 | DKK | — | (30 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 89,396 | USD | 74,809 | EUR | — | (435 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 108,993 | USD | 80,410 | GBP | 218 | — | |||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 21,363 | USD | 74,564 | ILS | — | (115 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 27,648 | USD | 228,941 | NOK | — | (342 | ) | ||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 34,344 | USD | 285,452 | SEK | — | (520 | ) | ||||||||||||||||||||
Goldman Sachs | 1/4/2018 | 17,957 | USD | 17,582 | CHF | — | (85 | ) | ||||||||||||||||||||
Goldman Sachs | 1/4/2018 | 26,482 | USD | 38,608 | NZD | — | (976 | ) | ||||||||||||||||||||
Goldman Sachs | 1/4/2018 | 25,609 | USD | 34,490 | SGD | — | (200 | ) | ||||||||||||||||||||
Goldman Sachs | 1/9/2018 | 181,532 | USD | 20,269,336 | JPY | 1,563 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 67,140 | USD | 88,457 | AUD | — | (2,047 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 104,901 | USD | 139,687 | AUD | — | (4,355 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 5,120 | USD | 31,884 | DKK | — | (22 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 7,997 | USD | 50,526 | DKK | — | (152 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 68,113 | USD | 57,000 | EUR | — | (333 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 106,424 | USD | 90,361 | EUR | — | (2,081 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 83,046 | USD | 61,268 | GBP | 166 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 129,755 | USD | 96,881 | GBP | — | (1,301 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 16,277 | USD | 56,810 | ILS | — | (87 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 25,432 | USD | 89,650 | ILS | — | (392 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 21,067 | USD | 174,437 | NOK | — | (259 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 32,915 | USD | 273,380 | NOK | — | (508 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 26,169 | USD | 217,491 | SEK | — | (395 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 40,886 | USD | 345,729 | SEK | — | (1,340 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 13,683 | USD | 13,397 | CHF | — | (65 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 21,378 | USD | 21,202 | CHF | — | (379 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 20,181 | USD | 29,422 | NZD | — | (744 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 31,527 | USD | 46,068 | NZD | — | (1,237 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 19,516 | USD | 26,283 | SGD | — | (151 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 30,488 | USD | 41,244 | SGD | — | (374 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/9/2018 | 138,314 | USD | 15,443,753 | JPY | 1,190 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/9/2018 | 216,110 | USD | 24,482,648 | JPY | — | (1,269 | ) | ||||||||||||||||||||
$ | 8,552 | $ | (55,567 | ) |
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 Semi-Annual Report December 31, 2017 | 61 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
Japan – 99.6% | ||||||||
Air Freight & Logistics – 0.1% | ||||||||
Kintetsu World Express, Inc. | 100 | $ | 2,073 | |||||
Yamato Holdings Co., Ltd. | 100 | 2,013 | ||||||
|
| |||||||
Total Air Freight & Logistics | 4,086 | |||||||
Airlines – 0.5% | ||||||||
ANA Holdings, Inc. | 200 | 8,355 | ||||||
Japan Airlines Co., Ltd. | 200 | 7,826 | ||||||
|
| |||||||
Total Airlines | 16,181 | |||||||
Auto Components – 4.2% | ||||||||
Aisan Industry Co., Ltd. | 400 | 4,698 | ||||||
Aisin Seiki Co., Ltd. | 200 | 11,238 | ||||||
Bridgestone Corp. | 700 | 32,549 | ||||||
Daido Metal Co., Ltd. | 300 | 2,969 | ||||||
Denso Corp. | 600 | 36,021 | ||||||
Eagle Industry Co., Ltd. | 200 | 3,743 | ||||||
NGK Spark Plug Co., Ltd. | 100 | 2,431 | ||||||
Stanley Electric Co., Ltd. | 100 | 4,061 | ||||||
Sumitomo Electric Industries Ltd. | 500 | 8,455 | ||||||
Sumitomo Rubber Industries Ltd.(a) | 300 | 5,582 | ||||||
Toyo Tire & Rubber Co., Ltd. | 100 | 2,067 | ||||||
Toyoda Gosei Co., Ltd. | 100 | 2,545 | ||||||
Toyota Boshoku Corp. | 100 | 2,094 | ||||||
TS Tech Co., Ltd. | 100 | 4,115 | ||||||
Yokohama Rubber Co., Ltd. (The) | 100 | 2,453 | ||||||
|
| |||||||
Total Auto Components | 125,021 | |||||||
Automobiles – 10.7% | ||||||||
Honda Motor Co., Ltd. | 1,500 | 51,425 | ||||||
Isuzu Motors Ltd. | 600 | 10,051 | ||||||
Mazda Motor Corp. | 400 | 5,367 | ||||||
Mitsubishi Motors Corp. | 400 | 2,890 | ||||||
Nissan Motor Co., Ltd. | 5,300 | 52,859 | ||||||
Subaru Corp. | 600 | 19,084 | ||||||
Suzuki Motor Corp. | 200 | 11,601 | ||||||
Toyota Motor Corp. | 2,430 | 155,593 | ||||||
Yamaha Motor Co., Ltd. | 300 | 9,840 | ||||||
|
| |||||||
Total Automobiles | 318,710 | |||||||
Banks – 8.7% | ||||||||
Aozora Bank Ltd. | 200 | 7,785 | ||||||
Chugoku Bank Ltd. (The) | 100 | 1,338 | ||||||
Concordia Financial Group Ltd. | 1,000 | 6,037 | ||||||
Ehime Bank Ltd. (The) | 400 | 4,783 | ||||||
Fukui Bank Ltd. (The) | 100 | 2,402 | ||||||
Fukuoka Financial Group, Inc. | 1,000 | 5,619 | ||||||
Gunma Bank Ltd. (The) | 500 | 3,027 | ||||||
Hachijuni Bank Ltd. (The) | 600 | 3,446 | ||||||
Hokuhoku Financial Group, Inc. | 200 | 3,128 | ||||||
Iyo Bank Ltd. (The) | 400 | 3,207 | ||||||
Kyushu Financial Group, Inc. | 400 | 2,422 | ||||||
Mebuki Financial Group, Inc. | 1,070 | 4,531 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 9,900 | 72,626 | ||||||
Mizuho Financial Group, Inc. | 22,400 | 40,684 | ||||||
Musashino Bank Ltd. (The) | 100 | 3,342 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 200 | 2,397 | ||||||
North Pacific Bank Ltd. | 1,600 | 5,369 | ||||||
Oita Bank Ltd. (The) | 100 | 3,888 | ||||||
Resona Holdings, Inc. | 2,400 | 14,340 | ||||||
Seven Bank Ltd. | 800 | 2,741 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 1,200 | 51,856 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 300 | 11,912 | ||||||
Suruga Bank Ltd. | 100 | 2,146 | ||||||
|
| |||||||
Total Banks | 259,026 | |||||||
Beverages – 1.2% | ||||||||
Asahi Group Holdings Ltd. | 200 | 9,925 | ||||||
Coca-Cola Bottlers Japan, Inc. | 250 | 9,132 | ||||||
Kirin Holdings Co., Ltd. | 500 | 12,608 | ||||||
Suntory Beverage & Food Ltd. | 100 | 4,447 | ||||||
|
| |||||||
Total Beverages | 36,112 | |||||||
Building Products – 1.6% | ||||||||
Aica Kogyo Co., Ltd. | 200 | 7,430 | ||||||
Asahi Glass Co., Ltd. | 200 | 8,664 | ||||||
Daikin Industries Ltd. | 100 | 11,838 | ||||||
LIXIL Group Corp. | 300 | 8,122 | ||||||
Sanwa Holdings Corp. | 400 | 5,511 | ||||||
TOTO Ltd. | 100 | 5,903 | ||||||
|
| |||||||
Total Building Products | 47,468 | |||||||
Capital Markets – 2.1% | ||||||||
Daiwa Securities Group, Inc. | 2,000 | 12,550 | ||||||
Ichigo, Inc.(a) | 1,100 | 4,169 | ||||||
Ichiyoshi Securities Co., Ltd. | 300 | 3,425 | ||||||
IwaiCosmo Holdings, Inc. | 200 | 2,555 | ||||||
Japan Exchange Group, Inc. | 600 | 10,445 | ||||||
kabu.com Securities Co., Ltd. | 600 | 1,875 | ||||||
Matsui Securities Co., Ltd. | 300 | 2,533 | ||||||
Nomura Holdings, Inc. | 2,900 | 17,122 | ||||||
SBI Holdings, Inc. | 200 | 4,183 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 600 | 3,872 | ||||||
|
| |||||||
Total Capital Markets | 62,729 | |||||||
Chemicals – 4.6% | ||||||||
Asahi Kasei Corp. | 1,000 | 12,903 | ||||||
Daicel Corp. | 200 | 2,276 | ||||||
Hitachi Chemical Co., Ltd. | 100 | 2,569 | ||||||
JSR Corp. | 200 | 3,938 | ||||||
Kansai Paint Co., Ltd. | 200 | 5,198 | ||||||
Kuraray Co., Ltd. | 500 | 9,436 | ||||||
Mitsubishi Chemical Holdings Corp. | 1,000 | 10,977 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 200 | 5,743 | ||||||
Nihon Parkerizing Co., Ltd. | 300 | 5,063 | ||||||
Nippon Paint Holdings Co., Ltd. | 100 | 3,165 | ||||||
Nippon Valqua Industries Ltd. | 200 | 5,477 | ||||||
Nissan Chemical Industries Ltd. | 100 | 3,990 | ||||||
Nitto Denko Corp. | 100 | 8,886 | ||||||
Shin-Etsu Chemical Co., Ltd. | 200 | 20,328 |
See Notes to Financial Statements.
62 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
December 31, 2017
Investments | Shares | Value | ||||||
Showa Denko K.K. | 200 | $ | 8,549 | |||||
Sumitomo Chemical Co., Ltd. | 1,000 | 7,190 | ||||||
Taiyo Nippon Sanso Corp. | 200 | 2,800 | ||||||
Teijin Ltd. | 100 | 2,228 | ||||||
Toagosei Co., Ltd. | 300 | 3,822 | ||||||
Toray Industries, Inc. | 600 | 5,659 | ||||||
Tosoh Corp. | 100 | 2,267 | ||||||
Toyobo Co., Ltd. | 100 | 1,817 | ||||||
Ube Industries Ltd. | 100 | 2,943 | ||||||
|
| |||||||
Total Chemicals | 137,224 | |||||||
Commercial Services & Supplies – 0.9% | ||||||||
Dai Nippon Printing Co., Ltd. | 500 | 11,154 | ||||||
Kokuyo Co., Ltd. | 200 | 3,716 | ||||||
Okamura Corp. | 200 | 2,924 | ||||||
Park24 Co., Ltd. | 100 | 2,394 | ||||||
Secom Co., Ltd. | 100 | 7,552 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 27,740 | |||||||
Construction & Engineering – 1.5% | ||||||||
COMSYS Holdings Corp. | 200 | 5,797 | ||||||
Kajima Corp. | 1,000 | 9,623 | ||||||
Kinden Corp. | 400 | 6,526 | ||||||
Kyowa Exeo Corp. | 200 | 5,179 | ||||||
Obayashi Corp. | 500 | 6,054 | ||||||
Raito Kogyo Co., Ltd. | 200 | 2,290 | ||||||
Taikisha Ltd. | 100 | 3,382 | ||||||
Taisei Corp. | 100 | 4,980 | ||||||
|
| |||||||
Total Construction & Engineering | 43,831 | |||||||
Construction Materials – 0.1% | ||||||||
Taiheiyo Cement Corp. | 100 | 4,319 | ||||||
Consumer Finance – 0.0% | ||||||||
J Trust Co., Ltd.(a) | 100 | 652 | ||||||
Containers & Packaging – 0.1% | ||||||||
Toyo Seikan Group Holdings Ltd. | 100 | 1,607 | ||||||
Distributors – 0.2% | ||||||||
Canon Marketing Japan, Inc. | 100 | 2,703 | ||||||
Paltac Corp. | 100 | 4,563 | ||||||
|
| |||||||
Total Distributors | 7,266 | |||||||
Diversified Consumer Services – 0.2% | ||||||||
Benesse Holdings, Inc. | 200 | 7,057 | ||||||
Diversified Telecommunication Services – 2.1% | ||||||||
Nippon Telegraph & Telephone Corp. | 1,300 | 61,174 | ||||||
Electric Utilities – 0.7% | ||||||||
Chubu Electric Power Co., Inc. | 300 | 3,730 | ||||||
Chugoku Electric Power Co., Inc. (The) | 300 | 3,225 | ||||||
Hokkaido Electric Power Co., Inc. | 400 | 2,635 | ||||||
Hokuriku Electric Power Co. | 300 | 2,416 | ||||||
Kansai Electric Power Co., Inc. (The) | 300 | 3,675 | ||||||
Kyushu Electric Power Co., Inc. | 100 | 1,048 | ||||||
Shikoku Electric Power Co., Inc. | 200 | 2,180 | ||||||
Tohoku Electric Power Co., Inc. | 200 | 2,558 | ||||||
|
| |||||||
Total Electric Utilities | 21,467 | |||||||
Electrical Equipment – 1.4% | ||||||||
Idec Corp.(a) | 300 | 7,148 | ||||||
Mitsubishi Electric Corp. | 1,000 | 16,613 | ||||||
Nidec Corp. | 100 | 14,035 | ||||||
Nitto Kogyo Corp. | 300 | 4,817 | ||||||
|
| |||||||
Total Electrical Equipment | 42,613 | |||||||
Electronic Equipment, Instruments & Components – 3.0% | ||||||||
Alps Electric Co., Ltd. | 100 | 2,858 | ||||||
Amano Corp. | 100 | 2,616 | ||||||
Azbil Corp. | 100 | 4,341 | ||||||
Canon Electronics, Inc. | 300 | 6,559 | ||||||
Dexerials Corp. | 200 | 2,590 | ||||||
Hamamatsu Photonics K.K. | 100 | 3,364 | ||||||
Hitachi High-Technologies Corp. | 100 | 4,217 | ||||||
Hitachi Ltd. | 3,000 | 23,380 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 100 | 2,181 | ||||||
Murata Manufacturing Co., Ltd. | 100 | 13,422 | ||||||
Nohmi Bosai Ltd. | 200 | 3,649 | ||||||
Oki Electric Industry Co., Ltd. | 100 | 1,404 | ||||||
Omron Corp. | 100 | 5,965 | ||||||
Satori Electric Co., Ltd. | 300 | 3,281 | ||||||
Yaskawa Electric Corp. | 100 | 4,408 | ||||||
Yokogawa Electric Corp. | 200 | 3,831 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 88,066 | |||||||
Food & Staples Retailing – 1.9% | ||||||||
Aeon Co., Ltd. | 400 | 6,755 | ||||||
Aeon Hokkaido Corp. | 1,000 | 6,951 | ||||||
Arcs Co., Ltd. | 100 | 2,333 | ||||||
Cawachi Ltd. | 100 | 2,470 | ||||||
FamilyMart UNY Holdings Co., Ltd. | 55 | 3,857 | ||||||
Lawson, Inc. | 100 | 6,649 | ||||||
Seven & I Holdings Co., Ltd. | 400 | 16,628 | ||||||
United Super Markets Holdings, Inc. | 300 | 3,047 | ||||||
Valor Holdings Co., Ltd. | 200 | 4,676 | ||||||
Yokohama Reito Co., Ltd. | 300 | 3,111 | ||||||
|
| |||||||
Total Food & Staples Retailing | 56,477 | |||||||
Food Products – 1.0% | ||||||||
Ajinomoto Co., Inc. | 200 | 3,766 | ||||||
Hokuto Corp. | 300 | 5,462 | ||||||
Itoham Yonekyu Holdings, Inc. | 200 | 1,830 | ||||||
Kewpie Corp. | 100 | 2,668 | ||||||
MEIJI Holdings Co., Ltd. | 100 | 8,513 | ||||||
Toyo Suisan Kaisha Ltd. | 100 | 4,274 | ||||||
Yamazaki Baking Co., Ltd. | 200 | 3,901 | ||||||
|
| |||||||
Total Food Products | 30,414 | |||||||
Gas Utilities – 0.5% | ||||||||
Osaka Gas Co., Ltd. | 200 | 3,852 | ||||||
Saibu Gas Co., Ltd. | 100 | 2,501 | ||||||
Tokyo Gas Co., Ltd. | 400 | 9,156 | ||||||
|
| |||||||
Total Gas Utilities | 15,509 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 63 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
December 31, 2017
Investments | Shares | Value | ||||||
Health Care Equipment & Supplies – 0.7% | ||||||||
Hoya Corp. | 200 | $ | 9,992 | |||||
Nihon Kohden Corp. | 100 | 2,321 | ||||||
Nipro Corp. | 200 | 2,969 | ||||||
Terumo Corp. | 100 | 4,740 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 20,022 | |||||||
Health Care Providers & Services – 0.7% | ||||||||
Alfresa Holdings Corp. | 100 | 2,350 | ||||||
BML, Inc. | 200 | 4,980 | ||||||
Medipal Holdings Corp. | 200 | 3,918 | ||||||
Miraca Holdings, Inc. | 100 | 4,283 | ||||||
Toho Holdings Co., Ltd. | 200 | 4,524 | ||||||
|
| |||||||
Total Health Care Providers & Services | 20,055 | |||||||
Hotels, Restaurants & Leisure – 0.5% | ||||||||
McDonald’s Holdings Co., Japan Ltd. | 100 | 4,399 | ||||||
Resorttrust, Inc. | 100 | 2,273 | ||||||
Round One Corp. | 100 | 1,683 | ||||||
Skylark Co., Ltd. | 200 | 2,846 | ||||||
Tokyo Dome Corp. | 300 | 3,036 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 14,237 | |||||||
Household Durables – 2.5% | ||||||||
Casio Computer Co., Ltd. | 200 | 2,878 | ||||||
Fuji Corp., Ltd. | 400 | 3,110 | ||||||
Haseko Corp. | 200 | 3,109 | ||||||
Iida Group Holdings Co., Ltd. | 300 | 5,659 | ||||||
Nihon House Holdings Co., Ltd. | 700 | 4,555 | ||||||
Nikon Corp. | 200 | 4,030 | ||||||
Panasonic Corp. | 1,200 | 17,571 | ||||||
Sangetsu Corp. | 200 | 3,688 | ||||||
Sekisui Chemical Co., Ltd. | 300 | 6,024 | ||||||
Sekisui House Ltd. | 600 | 10,842 | ||||||
Sony Corp. | 200 | 9,024 | ||||||
Sumitomo Forestry Co., Ltd. | 200 | 3,579 | ||||||
|
| |||||||
Total Household Durables | 74,069 | |||||||
Household Products – 0.3% | ||||||||
Pigeon Corp. | 100 | 3,808 | ||||||
Unicharm Corp. | 200 | 5,201 | ||||||
|
| |||||||
Total Household Products | 9,009 | |||||||
Independent Power & Renewable Electricity Producers – 0.1% | ||||||||
Electric Power Development Co., Ltd. | 100 | 2,694 | ||||||
Industrial Conglomerates – 0.2% | ||||||||
Nisshinbo Holdings, Inc. | 100 | 1,356 | ||||||
Seibu Holdings, Inc. | 200 | 3,783 | ||||||
|
| |||||||
Total Industrial Conglomerates | 5,139 | |||||||
Insurance – 4.9% | ||||||||
Dai-ichi Life Holdings, Inc. | 800 | 16,504 | ||||||
Japan Post Holdings Co., Ltd.(a) | 4,400 | 50,464 | ||||||
Japan Post Insurance Co., Ltd. | 400 | 9,420 | ||||||
MS&AD Insurance Group Holdings, Inc. | 500 | 16,929 | ||||||
Sompo Holdings, Inc. | 300 | 11,622 | ||||||
Sony Financial Holdings, Inc. | 300 | 5,316 | ||||||
T&D Holdings, Inc. | 500 | 8,553 | ||||||
Tokio Marine Holdings, Inc. | 600 | 27,382 | ||||||
|
| |||||||
Total Insurance | 146,190 | |||||||
Internet & Catalog Retail – 0.2% | ||||||||
Rakuten, Inc. | 300 | 2,750 | ||||||
Start Today Co., Ltd. | 100 | 3,040 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 5,790 | |||||||
Internet Software & Services – 0.7% | ||||||||
GMO Internet, Inc. | 200 | 3,404 | ||||||
Mixi, Inc. | 100 | 4,492 | ||||||
Yahoo Japan Corp. | 2,900 | 13,309 | ||||||
|
| |||||||
Total Internet Software & Services | 21,205 | |||||||
IT Services – 1.3% | ||||||||
Fujitsu Ltd. | 1,000 | 7,126 | ||||||
Itochu Techno-Solutions Corp. | 100 | 4,341 | ||||||
Nomura Research Institute Ltd. | 220 | 10,233 | ||||||
NS Solutions Corp. | 100 | 2,738 | ||||||
NTT Data Corp. | 500 | 5,943 | ||||||
Otsuka Corp. | 100 | 7,670 | ||||||
|
| |||||||
Total IT Services | 38,051 | |||||||
Leisure Products – 0.7% | ||||||||
Bandai Namco Holdings, Inc. | 200 | 6,542 | ||||||
Sankyo Co., Ltd. | 200 | 6,294 | ||||||
Sega Sammy Holdings, Inc. | 300 | 3,723 | ||||||
Yamaha Corp. | 100 | 3,693 | ||||||
|
| |||||||
Total Leisure Products | 20,252 | |||||||
Machinery – 5.8% | ||||||||
Aichi Corp. | 400 | 2,961 | ||||||
Alinco, Inc. | 400 | 4,439 | ||||||
Amada Holdings Co., Ltd. | 500 | 6,809 | ||||||
Daifuku Co., Ltd. | 100 | 5,451 | ||||||
DMG Mori Co., Ltd. | 100 | 2,069 | ||||||
Ebara Corp. | 100 | 3,813 | ||||||
FANUC Corp. | 100 | 24,021 | ||||||
Giken Ltd. | 200 | 5,239 | ||||||
Hino Motors Ltd. | 300 | 3,888 | ||||||
Hitachi Construction Machinery Co., Ltd. | 100 | 3,635 | ||||||
Komatsu Ltd. | 800 | 28,960 | ||||||
Kubota Corp. | 600 | 11,768 | ||||||
Kurita Water Industries Ltd. | 200 | 6,498 | ||||||
Makita Corp. | 100 | 4,203 | ||||||
MINEBEA MITSUMI, Inc. | 100 | 2,098 | ||||||
Mitsubishi Heavy Industries Ltd. | 200 | 7,474 | ||||||
Miura Co., Ltd. | 200 | 5,379 | ||||||
Morita Holdings Corp. | 100 | 1,883 | ||||||
Nabtesco Corp. | 100 | 3,835 | ||||||
NGK Insulators Ltd. | 100 | 1,889 | ||||||
Noritake Co., Ltd. | 100 | 5,069 | ||||||
NSK Ltd. | 600 | 9,449 | ||||||
NTN Corp. | 1,000 | 4,962 | ||||||
Sodick Co., Ltd. | 200 | 2,603 | ||||||
Sumitomo Heavy Industries Ltd. | 200 | 8,469 |
See Notes to Financial Statements.
64 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
December 31, 2017
Investments | Shares | Value | ||||||
Tadano Ltd. | 200 | $ | 3,322 | |||||
THK Co., Ltd. | 100 | 3,755 | ||||||
|
| |||||||
Total Machinery | 173,941 | |||||||
Marine – 0.1% | ||||||||
Mitsui OSK Lines Ltd. | 100 | 3,338 | ||||||
Media – 0.9% | ||||||||
CyberAgent, Inc. | 100 | 3,906 | ||||||
Dentsu, Inc. | 200 | 8,477 | ||||||
Hakuhodo DY Holdings, Inc. | 300 | 3,896 | ||||||
Kadokawa Dwango* | 200 | 2,470 | ||||||
Toho Co., Ltd. | 200 | 6,933 | ||||||
|
| |||||||
Total Media | 25,682 | |||||||
Metals & Mining – 1.3% | ||||||||
Godo Steel Ltd. | 200 | 4,201 | ||||||
Hitachi Metals Ltd. | 300 | 4,309 | ||||||
JFE Holdings, Inc. | 300 | 7,206 | ||||||
Kyoei Steel Ltd. | 100 | 1,909 | ||||||
Mitsubishi Materials Corp. | 100 | 3,560 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 1,500 | 4,274 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 500 | 12,832 | ||||||
|
| |||||||
Total Metals & Mining | 38,291 | |||||||
Multiline Retail – 0.2% | ||||||||
J. Front Retailing Co., Ltd. | 200 | 3,769 | ||||||
Marui Group Co., Ltd. | 200 | 3,663 | ||||||
|
| |||||||
Total Multiline Retail | 7,432 | |||||||
Oil, Gas & Consumable Fuels – 0.9% | ||||||||
Idemitsu Kosan Co., Ltd. | 100 | 4,017 | ||||||
JXTG Holdings, Inc. | 2,850 | 18,393 | ||||||
Showa Shell Sekiyu K.K. | 400 | 5,432 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 27,842 | |||||||
Paper & Forest Products – 0.4% | ||||||||
Nippon Paper Industries Co., Ltd. | 200 | 3,803 | ||||||
Oji Holdings Corp. | 1,000 | 6,658 | ||||||
|
| |||||||
Total Paper & Forest Products | 10,461 | |||||||
Personal Products – 0.9% | ||||||||
Artnature, Inc. | 500 | 3,475 | ||||||
Fancl Corp. | 100 | 2,956 | ||||||
Kao Corp. | 200 | 13,527 | ||||||
Pola Orbis Holdings, Inc. | 100 | 3,511 | ||||||
Shiseido Co., Ltd. | 100 | 4,835 | ||||||
|
| |||||||
Total Personal Products | 28,304 | |||||||
Pharmaceuticals – 5.1% | ||||||||
Astellas Pharma, Inc. | 1,600 | 20,410 | ||||||
Chugai Pharmaceutical Co., Ltd. | 300 | 15,366 | ||||||
Daiichi Sankyo Co., Ltd. | 500 | 13,036 | ||||||
Eisai Co., Ltd. | 200 | 11,391 | ||||||
KYORIN Holdings, Inc. | 200 | 3,750 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 100 | 1,934 | ||||||
Mitsubishi Tanabe Pharma Corp. | 400 | 8,281 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 200 | 3,088 | ||||||
Ono Pharmaceutical Co., Ltd. | 300 | 6,993 | ||||||
Otsuka Holdings Co., Ltd. | 300 | 13,177 | ||||||
Santen Pharmaceutical Co., Ltd. | 100 | 1,572 | ||||||
Sawai Pharmaceutical Co., Ltd. | 100 | 4,474 | ||||||
Shionogi & Co., Ltd. | 100 | 5,412 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. | 200 | 2,972 | ||||||
Takeda Pharmaceutical Co., Ltd. | 700 | 39,776 | ||||||
|
| |||||||
Total Pharmaceuticals | 151,632 | |||||||
Professional Services – 0.5% | ||||||||
Recruit Holdings Co., Ltd. | 400 | 9,942 | ||||||
TechnoPro Holdings, Inc. | 100 | 5,433 | ||||||
|
| |||||||
Total Professional Services | 15,375 | |||||||
Real Estate Management & Development – 2.4% | ||||||||
Aeon Mall Co., Ltd. | 100 | 1,957 | ||||||
Airport Facilities Co., Ltd. | 500 | 2,930 | ||||||
Daito Trust Construction Co., Ltd. | 100 | 20,395 | ||||||
Daiwa House Industry Co., Ltd. | 400 | 15,364 | ||||||
Hulic Co., Ltd. | 300 | 3,372 | ||||||
Mitsubishi Estate Co., Ltd. | 300 | 5,220 | ||||||
Mitsui Fudosan Co., Ltd. | 300 | 6,724 | ||||||
Nomura Real Estate Holdings, Inc. | 100 | 2,242 | ||||||
NTT Urban Development Corp. | 200 | 2,315 | ||||||
Sun Frontier Fudousan Co., Ltd. | 100 | 1,137 | ||||||
Takara Leben Co., Ltd. | 800 | 3,537 | ||||||
Tokyo Tatemono Co., Ltd. | 200 | 2,702 | ||||||
Tokyu Fudosan Holdings Corp. | 500 | 3,617 | ||||||
|
| |||||||
Total Real Estate Management & Development | 71,512 | |||||||
Road & Rail – 1.6% | ||||||||
East Japan Railway Co. | 200 | 19,521 | ||||||
Hankyu Hanshin Holdings, Inc. | 200 | 8,042 | ||||||
Nikkon Holdings Co., Ltd. | 200 | 5,637 | ||||||
Seino Holdings Co., Ltd. | 400 | 6,356 | ||||||
Senko Group Holdings Co., Ltd. | 300 | 2,168 | ||||||
West Japan Railway Co. | 100 | 7,303 | ||||||
|
| |||||||
Total Road & Rail | 49,027 | |||||||
Semiconductors & Semiconductor Equipment – 1.1% | ||||||||
Advantest Corp. | 200 | 3,712 | ||||||
Mimasu Semiconductor Industry Co., Ltd. | 100 | 1,918 | ||||||
SUMCO Corp. | 200 | 5,128 | ||||||
Tokyo Electron Ltd. | 100 | 18,109 | ||||||
Tokyo Seimitsu Co., Ltd. | 100 | 3,959 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 32,826 | |||||||
Software – 1.5% | ||||||||
Nintendo Co., Ltd. | 50 | 18,282 | ||||||
NSD Co., Ltd. | 300 | 6,402 | ||||||
Oracle Corp. | 100 | 8,291 | ||||||
Square Enix Holdings Co., Ltd. | 100 | 4,758 | ||||||
Trend Micro, Inc. | 100 | 5,673 | ||||||
|
| |||||||
Total Software | 43,406 | |||||||
Specialty Retail – 1.9% | ||||||||
ABC-Mart, Inc. | 100 | 5,743 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 65 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)
December 31, 2017
Investments | Shares | Value | ||||||
Aoyama Trading Co., Ltd. | 100 | $ | 3,737 | |||||
DCM Holdings Co., Ltd. | 200 | 1,864 | ||||||
Fast Retailing Co., Ltd. | 25 | 9,967 | ||||||
Geo Holdings Corp. | 300 | 5,819 | ||||||
K’s Holdings Corp. | 100 | 2,565 | ||||||
Kohnan Shoji Co., Ltd. | 100 | 2,159 | ||||||
Nishimatsuya Chain Co., Ltd. | 300 | 3,337 | ||||||
Sac’s Bar Holdings, Inc. | 300 | 3,712 | ||||||
Sanrio Co., Ltd. | 100 | 1,674 | ||||||
T-Gaia Corp. | 100 | 2,324 | ||||||
USS Co., Ltd. | 300 | 6,354 | ||||||
Yamada Denki Co., Ltd.(a) | 800 | 4,410 | ||||||
Yellow Hat Ltd. | 100 | 3,023 | ||||||
|
| |||||||
Total Specialty Retail | 56,688 | |||||||
Technology Hardware, Storage & Peripherals – 3.0% | ||||||||
Brother Industries Ltd. | 200 | 4,936 | ||||||
Canon, Inc. | 1,500 | 55,925 | ||||||
FUJIFILM Holdings Corp. | 200 | 8,176 | ||||||
Konica Minolta, Inc. | 300 | 2,887 | ||||||
NEC Corp. | 200 | 5,397 | ||||||
Ricoh Co., Ltd. | 400 | 3,718 | ||||||
Seiko Epson Corp. | 400 | 9,441 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 90,480 | |||||||
Textiles, Apparel & Luxury Goods – 0.1% | ||||||||
Yondoshi Holdings, Inc. | 100 | 2,652 | ||||||
Tobacco – 1.7% | ||||||||
Japan Tobacco, Inc. | 1,600 | 51,572 | ||||||
Trading Companies & Distributors – 5.5% | ||||||||
ITOCHU Corp. | 1,300 | 24,269 | ||||||
Marubeni Corp. | 1,900 | 13,765 | ||||||
MISUMI Group, Inc. | 200 | 5,823 | ||||||
Mitsubishi Corp. | 1,500 | 41,451 | ||||||
Mitsui & Co., Ltd. | 2,000 | 32,526 | ||||||
Sojitz Corp. | 1,100 | 3,379 | ||||||
Sumitomo Corp. | 1,500 | 25,499 | ||||||
Toyota Tsusho Corp. | 200 | 8,051 | ||||||
Yamazen Corp. | 500 | 5,899 | ||||||
Yuasa Trading Co., Ltd. | 100 | 3,635 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 164,297 | |||||||
Wireless Telecommunication Services – 4.6% | ||||||||
KDDI Corp. | 1,800 | 44,812 | ||||||
NTT DOCOMO, Inc. | 3,200 | 75,590 | ||||||
SoftBank Group Corp. | 200 | 15,837 | ||||||
|
| |||||||
Total Wireless Telecommunication Services | 136,239 | |||||||
TOTAL COMMON STOCKS (Cost: $2,400,007) | 2,972,459 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% | ||||||||
United States – 0.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b) | ||||||||
(Cost: $13,901)(c) | 13,901 | 13,901 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.1% (Cost: $2,413,908) | 2,986,360 | |||||||
Other Assets less Liabilities – (0.1)% | (2,909 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,983,451 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 2017 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of December 31, 2017. |
(c) | At December 31, 2017, the total market value of the Fund’s securities on loan was $51,333 and the total market value of the collateral held by the Fund was $53,864. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $39,963. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 34,595,635 | JPY | 307,161 | USD | $ | 10 | $ | — | |||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 311,319 | USD | 34,763,218 | JPY | 2,660 | — | |||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 521,920 | USD | 58,712,503 | JPY | — | (62 | ) | ||||||||||||||||||||
Bank of Montreal | 1/9/2018 | 26,358,635 | JPY | 234,030 | USD | 6 | — | |||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 397,655 | USD | 44,730,938 | JPY | — | (24 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/9/2018 | 34,594,929 | JPY | 307,161 | USD | 4 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/9/2018 | 311,319 | USD | 34,761,941 | JPY | 2,671 | — | |||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 521,920 | USD | 58,710,728 | JPY | — | (46 | ) | ||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 34,593,516 | JPY | 307,161 | USD | — | (9 | ) | ||||||||||||||||||||
Citibank N.A. | 1/9/2018 | 311,319 | USD | 34,763,529 | JPY | 2,657 | — | |||||||||||||||||||||
Citibank N.A. | 2/5/2018 | 521,920 | USD | 58,710,989 | JPY | — | (48 | ) | ||||||||||||||||||||
Credit Suisse International | 1/9/2018 | 34,594,560 | JPY | 307,161 | USD | 1 | — | |||||||||||||||||||||
Credit Suisse International | 2/5/2018 | 521,920 | USD | 58,711,459 | JPY | — | (52 | ) | ||||||||||||||||||||
Goldman Sachs | 1/9/2018 | 311,319 | USD | 34,760,976 | JPY | 2,680 | — | |||||||||||||||||||||
HSBC Holdings PLC | 1/9/2018 | 2,236,237 | JPY | 19,799 | USD | 56 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/9/2018 | 237,197 | USD | 26,484,752 | JPY | 2,041 | — | |||||||||||||||||||||
$ | 12,786 | $ | (241 | ) |
CURRENCY LEGEND |
JPY – Japanese yen
USD – U.S. dollar
See Notes to Financial Statements.
66 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
Brazil – 5.1% | ||||||||
AES Tiete Energia S.A. | 1,061 | $ | 4,078 | |||||
Alupar Investimento S.A. | 1,012 | 5,629 | ||||||
Ambev S.A. | 29,198 | 187,312 | ||||||
B3 S.A. – Brasil Bolsa Balcao | 5,684 | 39,035 | ||||||
Banco Bradesco S.A. | 5,717 | 55,255 | ||||||
Banco do Brasil S.A. | 5,386 | 51,666 | ||||||
Banco Santander Brasil S.A. | 4,039 | 38,818 | ||||||
BB Seguridade Participacoes S.A. | 3,075 | 26,411 | ||||||
CCR S.A. | 7,404 | 36,048 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo | 1,173 | 12,140 | ||||||
Cia Hering | 1,761 | 13,601 | ||||||
Cielo S.A. | 6,427 | 45,571 | ||||||
Cosan S.A. Industria e Comercio | 588 | 7,356 | ||||||
EDP – Energias do Brasil S.A. | 815 | 3,440 | ||||||
Embraer S.A. | 466 | 2,810 | ||||||
Engie Brasil Energia S.A. | 3,162 | 33,850 | ||||||
Equatorial Energia S.A. | 759 | 15,022 | ||||||
Estacio Participacoes S.A. | 2,216 | 21,925 | ||||||
Ez Tec Empreendimentos e Participacoes S.A. | 1,866 | 12,179 | ||||||
Fibria Celulose S.A. | 1,281 | 18,479 | ||||||
Fleury S.A. | 817 | 7,293 | ||||||
Gerdau S.A. | 1,105 | 3,454 | ||||||
Grendene S.A. | 1,411 | 12,102 | ||||||
Itau Unibanco Holding S.A. | 5,198 | 59,061 | ||||||
JBS S.A. | 1,386 | 4,099 | ||||||
Klabin S.A. | 2,750 | 14,591 | ||||||
Kroton Educacional S.A. | 4,038 | 22,399 | ||||||
Localiza Rent a Car S.A. | 1,856 | 12,343 | ||||||
Lojas Renner S.A. | 1,542 | 16,498 | ||||||
Mahle-Metal Leve S.A. | 1,517 | 10,916 | ||||||
MRV Engenharia e Participacoes S.A. | 1,709 | 7,749 | ||||||
Multiplan Empreendimentos Imobiliarios S.A. | 502 | 10,730 | ||||||
Multiplus S.A. | 643 | 6,785 | ||||||
Natura Cosmeticos S.A. | 245 | 2,442 | ||||||
Odontoprev S.A. | 2,932 | 14,063 | ||||||
Porto Seguro S.A. | 1,343 | 14,709 | ||||||
Qualicorp S.A. | 1,341 | 12,532 | ||||||
Raia Drogasil S.A. | 584 | 16,162 | ||||||
Smiles Fidelidade S.A. | 969 | 22,172 | ||||||
Sul America S.A. | 927 | 5,215 | ||||||
TIM Participacoes S.A. | 5,390 | 21,286 | ||||||
TOTVS S.A. | 936 | 8,434 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 3,864 | 24,858 | ||||||
Ultrapar Participacoes S.A. | 1,169 | 26,431 | ||||||
Vale S.A. | 12,762 | 154,894 | ||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A. | 1,340 | 7,490 | ||||||
WEG S.A. | 3,518 | 25,570 | ||||||
|
| |||||||
Total Brazil | 1,174,903 | |||||||
Chile – 1.6% | ||||||||
AES Gener S.A. | 26,599 | 8,810 | ||||||
Aguas Andinas S.A. Class A | 19,858 | 13,155 | ||||||
Banco de Chile | 254,225 | 40,760 | ||||||
Banco de Credito e Inversiones | 278 | 19,339 | ||||||
Banco Santander Chile | 515,523 | 40,397 | ||||||
CAP S.A. | 1,488 | 19,018 | ||||||
Cencosud S.A. | 4,264 | 12,598 | ||||||
Cia Cervecerias Unidas S.A. | 637 | 9,558 | ||||||
Colbun S.A. | 19,055 | 4,383 | ||||||
Empresas COPEC S.A. | 3,399 | 53,698 | ||||||
Enel Americas S.A. | 152,489 | 33,978 | ||||||
Enel Chile S.A. | 130,862 | 15,493 | ||||||
Enel Generacion Chile S.A. | 24,316 | 22,018 | ||||||
Inversiones Aguas Metropolitanas S.A. | 5,008 | 9,511 | ||||||
Inversiones La Construccion S.A. | 637 | 12,052 | ||||||
Ripley Corp. S.A. | 21,333 | 23,181 | ||||||
S.A.C.I. Falabella | 2,799 | 27,919 | ||||||
Sociedad Matriz del Banco de Chile S.A. Class B | 26,326 | 13,270 | ||||||
SONDA S.A. | 1,858 | 3,698 | ||||||
|
| |||||||
Total Chile | 382,836 | |||||||
China – 22.2% | ||||||||
AAC Technologies Holdings, Inc. | 2,500 | 44,581 | ||||||
Agricultural Bank of China Ltd. Class H | 200,000 | 93,127 | ||||||
Air China Ltd. Class H | 4,000 | 4,851 | ||||||
Anhui Conch Cement Co., Ltd. Class H | 6,000 | 28,207 | ||||||
Anhui Expressway Co., Ltd. Class H | 8,000 | 6,672 | ||||||
ANTA Sports Products Ltd. | 7,000 | 31,744 | ||||||
BAIC Motor Corp., Ltd. Class H(a) | 10,500 | 13,674 | ||||||
Bank of China Ltd. Class H | 508,000 | 249,539 | ||||||
Bank of Communications Co., Ltd. Class H | 147,000 | 109,066 | ||||||
BBMG Corp. Class H | 6,000 | 2,725 | ||||||
Beijing Capital International Airport Co., Ltd. Class H | 2,000 | 3,014 | ||||||
Beijing Enterprises Holdings Ltd. | 3,500 | 20,774 | ||||||
Beijing Enterprises Water Group Ltd.* | 18,000 | 13,931 | ||||||
Beijing Jingneng Clean Energy Co., Ltd. Class H | 38,000 | 10,208 | ||||||
Brilliance China Automotive Holdings Ltd. | 10,000 | 26,736 | ||||||
Central China Securities Co., Ltd. Class H | 11,000 | 4,629 | ||||||
CGN Power Co., Ltd. Class H(a)(b) | 69,000 | 18,712 | ||||||
China Cinda Asset Management Co., Ltd. Class H | 49,000 | 17,927 | ||||||
China CITIC Bank Corp., Ltd. Class H | 78,000 | 48,892 | ||||||
China Communications Construction Co., Ltd. Class H | 22,000 | 24,991 | ||||||
China Communications Services Corp., Ltd. Class H | 14,000 | 9,384 | ||||||
China Conch Venture Holdings Ltd. | 6,500 | 15,050 | ||||||
China Construction Bank Corp. Class H | 771,000 | 710,117 | ||||||
China Eastern Airlines Corp., Ltd. Class H | 10,000 | 7,253 | ||||||
China Everbright Bank Co., Ltd. Class H | 23,000 | 10,739 | ||||||
China Everbright International Ltd. | 12,000 | 17,131 | ||||||
China Galaxy Securities Co., Ltd. Class H | 15,000 | 11,052 | ||||||
China Gas Holdings Ltd. | 11,600 | 32,052 | ||||||
China International Marine Containers Group Co., Ltd. Class H | 3,700 | 7,147 | ||||||
China Jinmao Holdings Group Ltd. | 38,000 | 16,722 | ||||||
China Lesso Group Holdings Ltd. | 4,000 | 2,589 | ||||||
China Life Insurance Co., Ltd. Class H | 12,000 | 37,686 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 67 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
China Lilang Ltd. | 12,000 | $ | 9,686 | |||||
China Longyuan Power Group Corp., Ltd. Class H | 11,000 | 7,824 | ||||||
China Medical System Holdings Ltd. | 7,000 | 16,315 | ||||||
China Mengniu Dairy Co., Ltd. | 7,000 | 20,819 | ||||||
China Merchants Bank Co., Ltd. Class H | 13,000 | 51,719 | ||||||
China Minsheng Banking Corp., Ltd. Class H | 41,500 | 41,567 | ||||||
China Mobile Ltd. | 35,000 | 354,822 | ||||||
China National Building Material Co., Ltd. Class H(b) | 12,000 | 10,730 | ||||||
China Oilfield Services Ltd. Class H | 8,000 | 7,788 | ||||||
China Overseas Land & Investment Ltd. | 16,000 | 51,476 | ||||||
China Pacific Insurance Group Co., Ltd. Class H | 7,800 | 37,467 | ||||||
China Petroleum & Chemical Corp. Class H | 282,000 | 206,703 | ||||||
China Power Clean Energy Development Co., Ltd. | 3,500 | 1,845 | ||||||
China Power International Development Ltd. | 88,666 | 23,252 | ||||||
China Railway Construction Corp., Ltd. Class H | 9,500 | 11,010 | ||||||
China Railway Group Ltd. Class H | 11,000 | 8,133 | ||||||
China Railway Signal & Communication Corp., Ltd. Class H(a) | 6,000 | 4,697 | ||||||
China Reinsurance Group Corp. Class H | 44,000 | 10,019 | ||||||
China Resources Cement Holdings Ltd. | 28,000 | 18,410 | ||||||
China Resources Gas Group Ltd. | 2,000 | 7,253 | ||||||
China Resources Land Ltd. | 10,000 | 29,422 | ||||||
China Resources Pharmaceutical Group Ltd.(a)(b) | 2,000 | 2,589 | ||||||
China Resources Power Holdings Co., Ltd. | 22,000 | 40,976 | ||||||
China Shenhua Energy Co., Ltd. Class H | 18,000 | 46,627 | ||||||
China South City Holdings Ltd. | 46,000 | 12,063 | ||||||
China Southern Airlines Co., Ltd. Class H | 8,000 | 8,259 | ||||||
China State Construction International Holdings Ltd. | 4,000 | 5,598 | ||||||
China Telecom Corp., Ltd. Class H | 74,000 | 35,214 | ||||||
China Travel International Investment Hong Kong Ltd. | 28,000 | 10,423 | ||||||
China Vanke Co., Ltd. Class H | 4,200 | 16,763 | ||||||
China Yongda Automobiles Services Holdings Ltd. | 4,500 | 5,175 | ||||||
China ZhengTong Auto Services Holdings Ltd. | 5,500 | 5,565 | ||||||
China Zhongwang Holdings Ltd. | 22,400 | 12,264 | ||||||
Chongqing Rural Commercial Bank Co., Ltd. Class H | 16,000 | 11,298 | ||||||
CIFI Holdings Group Co., Ltd. | 28,000 | 16,870 | ||||||
CITIC Ltd. | 28,000 | 40,403 | ||||||
CITIC Securities Co., Ltd. Class H | 6,500 | 13,404 | ||||||
CITIC Telecom International Holdings Ltd. | 27,000 | 7,150 | ||||||
CNOOC Ltd. | 134,000 | 192,327 | ||||||
COSCO Shipping Energy Transportation Co., Ltd. Class H | 18,000 | 9,832 | ||||||
COSCO Shipping Ports Ltd. | 4,000 | 4,160 | ||||||
Cosmo Lady China Holdings Co., Ltd.(a) | 11,000 | 3,982 | ||||||
Country Garden Holdings Co., Ltd. | 54,000 | 102,926 | ||||||
CPMC Holdings Ltd. | 7,000 | 5,543 | ||||||
CRRC Corp., Ltd. Class H | 29,000 | 31,013 | ||||||
CSPC Pharmaceutical Group Ltd. | 12,000 | 24,223 | ||||||
Dali Foods Group Co., Ltd.(a) | 38,500 | 34,967 | ||||||
Dongfeng Motor Group Co., Ltd. Class H | 18,000 | 21,782 | ||||||
E-Commodities Holdings Ltd. | 48,000 | 4,789 | ||||||
ENN Energy Holdings Ltd. | 1,000 | 7,132 | ||||||
Fosun International Ltd. | 11,000 | 24,372 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(a) | 2,000 | 8,430 | ||||||
Geely Automobile Holdings Ltd. | 2,000 | 6,933 | ||||||
GF Securities Co., Ltd. Class H | 3,800 | 7,642 | ||||||
GOME Retail Holdings Ltd.(b) | 30,000 | 3,607 | ||||||
Goodbaby International Holdings Ltd. | 4,000 | 2,195 | ||||||
Great Wall Motor Co., Ltd. Class H(b) | 23,000 | 26,333 | ||||||
Greatview Aseptic Packaging Co., Ltd. | 9,000 | 6,562 | ||||||
Guangdong Investment Ltd. | 24,000 | 32,113 | ||||||
Guangzhou Automobile Group Co., Ltd. Class H | 12,000 | 28,429 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 5,600 | 12,622 | ||||||
Guotai Junan International Holdings Ltd.(b) | 12,000 | 3,761 | ||||||
Haitian International Holdings Ltd. | 5,000 | 15,031 | ||||||
Haitong Securities Co., Ltd. Class H | 8,000 | 11,605 | ||||||
Hengan International Group Co., Ltd. | 4,000 | 44,389 | ||||||
Hisense Kelon Electrical Holdings Co., Ltd. Class H | 2,000 | 2,361 | ||||||
Huadian Fuxin Energy Corp., Ltd. Class H | 22,000 | 5,375 | ||||||
Huadian Power International Corp., Ltd. Class H | 28,000 | 10,172 | ||||||
Huaneng Power International, Inc. Class H | 66,000 | 41,370 | ||||||
Huaneng Renewables Corp., Ltd. Class H | 18,000 | 6,102 | ||||||
Huatai Securities Co., Ltd. Class H(a) | 4,600 | 9,156 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 459,000 | 369,323 | ||||||
Jiangnan Group Ltd. | 64,000 | 4,339 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 8,000 | 12,178 | ||||||
Kingboard Laminates Holdings Ltd. | 13,000 | 20,255 | ||||||
Kingsoft Corp., Ltd. | 1,000 | 3,326 | ||||||
Kunlun Energy Co., Ltd. | 14,000 | 14,578 | ||||||
KWG Property Holding Ltd. | 14,500 | 16,935 | ||||||
Lee & Man Paper Manufacturing Ltd. | 18,000 | 21,276 | ||||||
Legend Holdings Corp. Class H(a) | 1,200 | 5,511 | ||||||
Lenovo Group Ltd. | 96,000 | 54,157 | ||||||
Longfor Properties Co., Ltd. | 9,500 | 23,795 | ||||||
Luye Pharma Group Ltd.(b) | 6,500 | 5,130 | ||||||
Metallurgical Corp. of China Ltd. Class H | 14,000 | 4,119 | ||||||
MGM China Holdings Ltd.(b) | 2,400 | 7,261 | ||||||
New China Life Insurance Co., Ltd. Class H | 600 | 4,099 | ||||||
Nine Dragons Paper Holdings Ltd. | 12,000 | 19,219 | ||||||
People’s Insurance Co. Group of China Ltd. (The) Class H | 15,000 | 7,387 | ||||||
PetroChina Co., Ltd. Class H | 108,000 | 75,295 | ||||||
PICC Property & Casualty Co., Ltd. Class H | 16,000 | 30,742 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 14,000 | 145,690 | ||||||
Red Star Macalline Group Corp., Ltd. Class H(a) | 2,600 | 4,211 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 4,000 | 2,911 | ||||||
Shanghai Industrial Holdings Ltd. | 6,000 | 17,193 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 2,900 | 7,846 | ||||||
Shenzhen Expressway Co., Ltd. Class H | 4,000 | 4,058 | ||||||
Shenzhen International Holdings Ltd. | 10,500 | 19,986 | ||||||
Shenzhen Investment Ltd. | 18,000 | 7,460 | ||||||
Shenzhou International Group Holdings Ltd. | 6,000 | 57,104 | ||||||
Shimao Property Holdings Ltd. | 17,000 | 36,969 | ||||||
Shougang Fushan Resources Group Ltd. | 14,000 | 3,009 | ||||||
Shui On Land Ltd. | 28,000 | 7,737 | ||||||
Sichuan Expressway Co., Ltd. Class H | 12,000 | 4,375 |
See Notes to Financial Statements.
68 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. | 14,000 | $ | 5,032 | |||||
Sino-Ocean Group Holding Ltd. | 31,500 | 21,719 | ||||||
Sinopec Engineering Group Co., Ltd. Class H | 3,500 | 3,313 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 42,000 | 23,909 | ||||||
Sinopharm Group Co., Ltd. Class H | 4,400 | 19,024 | ||||||
Sinotrans Ltd. Class H | 14,000 | 6,859 | ||||||
SITC International Holdings Co., Ltd. | 13,000 | 12,838 | ||||||
Skyworth Digital Holdings Ltd. | 14,000 | 6,017 | ||||||
Sun Art Retail Group Ltd. | 18,000 | 19,019 | ||||||
Sunac China Holdings Ltd.(b) | 10,000 | 41,383 | ||||||
Tencent Holdings Ltd. | 1,800 | 93,485 | ||||||
Tingyi Cayman Islands Holding Corp. | 12,000 | 23,333 | ||||||
Tong Ren Tang Technologies Co., Ltd. Class H | 5,000 | 7,228 | ||||||
TravelSky Technology Ltd. Class H | 1,000 | 3,000 | ||||||
Want Want China Holdings Ltd. | 33,000 | 27,650 | ||||||
Weichai Power Co., Ltd. Class H | 9,000 | 9,855 | ||||||
WH Group Ltd.(a) | 42,500 | 47,951 | ||||||
Xingda International Holdings Ltd. | 7,000 | 2,480 | ||||||
Xinhua Winshare Publishing and Media Co., Ltd. Class H | 15,000 | 11,916 | ||||||
Xinyi Glass Holdings Ltd.* | 24,000 | 31,254 | ||||||
Xinyi Solar Holdings Ltd. | 32,000 | 12,362 | ||||||
Yanzhou Coal Mining Co., Ltd. Class H | 2,000 | 2,338 | ||||||
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a) | 2,800 | 9,796 | ||||||
Yuexiu Property Co., Ltd. | 74,000 | 13,821 | ||||||
Yuexiu Transport Infrastructure Ltd. | 8,000 | 5,874 | ||||||
Zhejiang Expressway Co., Ltd. Class H | 14,000 | 15,384 | ||||||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 800 | 5,204 | ||||||
Zijin Mining Group Co., Ltd. Class H | 28,000 | 10,566 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H(b) | 8,400 | 3,600 | ||||||
|
| |||||||
Total China | 5,137,440 | |||||||
Czech Republic – 0.6% | ||||||||
CEZ AS | 4,260 | 99,487 | ||||||
Komercni Banka AS | 680 | 29,266 | ||||||
Moneta Money Bank AS(a) | 1,077 | 4,174 | ||||||
O2 Czech Republic AS | 1,194 | 15,529 | ||||||
|
| |||||||
Total Czech Republic | 148,456 | |||||||
Hong Kong – 0.2% | ||||||||
Chow Tai Fook Jewellery Group Ltd. | 13,400 | 14,056 | ||||||
CP Pokphand Co., Ltd. | 38,000 | 3,014 | ||||||
Kerry Logistics Network Ltd. | 4,500 | 6,378 | ||||||
Kingboard Chemical Holdings Ltd. | 4,500 | 24,321 | ||||||
Stella International Holdings Ltd. | 3,500 | 5,283 | ||||||
|
| |||||||
Total Hong Kong | 53,052 | |||||||
Hungary – 0.3% | ||||||||
MOL Hungarian Oil & Gas PLC | 3,044 | 35,409 | ||||||
OTP Bank PLC | 700 | 29,048 | ||||||
|
| |||||||
Total Hungary | 64,457 | |||||||
India – 6.4% | ||||||||
Ajanta Pharma Ltd. | 394 | 9,207 | ||||||
Alembic Pharmaceuticals Ltd. | 462 | 3,841 | ||||||
Amara Raja Batteries Ltd. | 694 | 9,136 | ||||||
Ambuja Cements Ltd. | 1,556 | 6,632 | ||||||
Apollo Hospitals Enterprise Ltd. | 418 | 7,890 | ||||||
Apollo Tyres Ltd. | 1,112 | 4,673 | ||||||
Asian Paints Ltd. | 412 | 7,478 | ||||||
Aurobindo Pharma Ltd. | 336 | 3,622 | ||||||
Axis Bank Ltd. GDR Reg S | 536 | 23,423 | ||||||
Bajaj Auto Ltd. | 201 | 10,498 | ||||||
Bank of Baroda | 2,118 | 5,331 | ||||||
Bharat Heavy Electricals Ltd. | 5,027 | 7,285 | ||||||
Bharat Petroleum Corp., Ltd. | 3,296 | 26,734 | ||||||
Bharti Airtel Ltd. | 820 | 6,804 | ||||||
Bharti Infratel Ltd. | 5,695 | 33,794 | ||||||
Cadila Healthcare Ltd. | 794 | 5,393 | ||||||
Care Ratings Ltd. | 214 | 4,467 | ||||||
Castrol India Ltd. | 1,846 | 5,588 | ||||||
Castrol India Ltd.* | 1,846 | 5,588 | ||||||
Coal India Ltd. | 18,985 | 78,212 | ||||||
CRISIL Ltd. | 208 | 6,109 | ||||||
Cummins India Ltd. | 249 | 3,518 | ||||||
Dr. Reddy’s Laboratories Ltd. | 216 | 8,170 | ||||||
Engineers India Ltd. | 1,537 | 4,799 | ||||||
GAIL India Ltd. | 1,640 | 12,838 | ||||||
Gateway Distriparks Ltd. | 1,340 | 4,947 | ||||||
GHCL Ltd. | 817 | 4,069 | ||||||
Glenmark Pharmaceuticals Ltd. | 477 | 4,445 | ||||||
Great Eastern Shipping Co., Ltd. (The) | 1,171 | 7,327 | ||||||
Greaves Cotton Ltd. | 2,811 | 6,038 | ||||||
Gujarat Pipavav Port Ltd. | 2,060 | 4,405 | ||||||
HCL Technologies Ltd. | 2,860 | 39,902 | ||||||
Hero MotoCorp Ltd. | 474 | 28,110 | ||||||
Hindustan Petroleum Corp., Ltd. | 5,080 | 33,316 | ||||||
Hindustan Unilever Ltd. | 1,578 | 33,817 | ||||||
ICICI Bank Ltd. ADR | 2,062 | 20,063 | ||||||
Idea Cellular Ltd.* | 3,438 | 5,825 | ||||||
IDFC Bank Ltd. | 3,577 | 3,040 | ||||||
Indian Oil Corp., Ltd. | 9,438 | 57,454 | ||||||
Infosys Ltd. ADR | 12,028 | 195,094 | ||||||
InterGlobe Aviation Ltd.(a) | 329 | 6,214 | ||||||
IRB Infrastructure Developers Ltd. | 2,405 | 8,968 | ||||||
ITC Ltd. | 10,798 | 44,535 | ||||||
Jain Irrigation Systems Ltd. | 2,849 | 5,613 | ||||||
Karnataka Bank Ltd. (The) | 1,962 | 4,662 | ||||||
KPIT Technologies Ltd. | 2,219 | 6,284 | ||||||
Lakshmi Vilas Bank Ltd. (The) | 2,002 | 4,644 | ||||||
Larsen & Toubro Ltd. GDR Reg S | 924 | 17,879 | ||||||
Lupin Ltd. | 587 | 8,140 | ||||||
Mahindra & Mahindra Ltd. GDR | 901 | 20,993 | ||||||
Marico Ltd. | 1,024 | 5,174 | ||||||
Maruti Suzuki India Ltd. | 184 | 28,048 | ||||||
Mindtree Ltd. | 1,043 | 10,007 | ||||||
Mphasis Ltd. | 566 | 6,435 | ||||||
National Aluminium Co., Ltd. | 1,782 | 2,401 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 69 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
NHPC Ltd. | 44,645 | $ | 22,837 | |||||
NLC India Ltd. | 3,505 | 6,019 | ||||||
NMDC Ltd. | 6,448 | 13,921 | ||||||
NTPC Ltd. | 12,722 | 35,279 | ||||||
Oil & Natural Gas Corp., Ltd. | 22,587 | 69,077 | ||||||
Oil India Ltd. | 1,657 | 9,644 | ||||||
Piramal Enterprises Ltd. | 86 | 3,863 | ||||||
Power Grid Corp. of India Ltd. | 7,975 | 25,033 | ||||||
Reliance Industries Ltd. GDR(a) | 2,276 | 64,980 | ||||||
Reliance Infrastructure Ltd. | 1,155 | 10,022 | ||||||
SJVN Ltd. | 9,920 | 5,269 | ||||||
Sonata Software Ltd. | 1,988 | 8,673 | ||||||
State Bank of India GDR Reg S | 233 | 11,347 | ||||||
Strides Shasun Ltd. | 195 | 2,514 | ||||||
Sun Pharmaceutical Industries Ltd. | 1,542 | 13,798 | ||||||
Sun TV Network Ltd. | 314 | 4,871 | ||||||
Tata Consultancy Services Ltd. | 1,861 | 78,758 | ||||||
Tata Power Co., Ltd. (The) | 7,179 | 10,516 | ||||||
Tech Mahindra Ltd. | 2,179 | 17,208 | ||||||
Thyrocare Technologies Ltd.(a) | 467 | 5,115 | ||||||
Torrent Pharmaceuticals Ltd. | 182 | 4,045 | ||||||
Torrent Power Ltd. | 777 | 3,448 | ||||||
UPL Ltd. | 805 | 9,619 | ||||||
Vedanta Ltd. | 8,923 | 46,120 | ||||||
Vedanta Ltd. ADR | 1,761 | 36,682 | ||||||
Vijaya Bank | 4,085 | 4,374 | ||||||
Wipro Ltd. ADR | 701 | 3,834 | ||||||
Wockhardt Ltd. | 344 | 5,020 | ||||||
Yes Bank Ltd. | 1,377 | 6,799 | ||||||
Zee Entertainment Enterprises Ltd. | 896 | 8,167 | ||||||
|
| |||||||
Total India | 1,475,731 | |||||||
Indonesia – 2.5% | ||||||||
Adaro Energy Tbk PT | 100,500 | 13,778 | ||||||
Adhi Karya Persero Tbk PT | 20,100 | 2,793 | ||||||
AKR Corporindo Tbk PT | 8,400 | 3,931 | ||||||
Astra International Tbk PT | 83,400 | 51,021 | ||||||
Bank Central Asia Tbk PT | 22,500 | 36,318 | ||||||
Bank Danamon Indonesia Tbk PT | 20,100 | 10,296 | ||||||
Bank Mandiri Persero Tbk PT | 32,600 | 19,222 | ||||||
Bank Negara Indonesia Persero Tbk PT | 37,900 | 27,655 | ||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 11,600 | 2,052 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 223,500 | 59,962 | ||||||
Bank Tabungan Negara Persero Tbk PT | 23,200 | 6,105 | ||||||
Bukit Asam Persero Tbk PT | 25,000 | 4,533 | ||||||
Charoen Pokphand Indonesia Tbk PT | 23,100 | 5,108 | ||||||
Gudang Garam Tbk PT | 1,400 | 8,647 | ||||||
Hanjaya Mandala Sampoerna Tbk PT | 63,700 | 22,208 | ||||||
Indo Tambangraya Megah Tbk PT | 11,100 | 16,935 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 13,100 | 21,194 | ||||||
Indofood CBP Sukses Makmur Tbk PT | 11,900 | 7,806 | ||||||
Indofood Sukses Makmur Tbk PT | 20,000 | 11,240 | ||||||
Japfa Comfeed Indonesia Tbk PT | 29,500 | 2,827 | ||||||
Jasa Marga Persero Tbk PT | 18,100 | 8,538 | ||||||
Kalbe Farma Tbk PT | 47,100 | 5,867 | ||||||
Matahari Department Store Tbk PT | 25,600 | 18,869 | ||||||
Media Nusantara Citra Tbk PT | 32,900 | 3,116 | ||||||
Perusahaan Gas Negara Persero Tbk | 232,600 | 30,002 | ||||||
PP Persero Tbk PT | 20,200 | 3,931 | ||||||
Sawit Sumbermas Sarana Tbk PT | 19,400 | 2,145 | ||||||
Semen Indonesia Persero Tbk PT | 21,800 | 15,907 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 179,700 | 58,807 | ||||||
Tower Bersama Infrastructure Tbk PT | 5,100 | 2,415 | ||||||
Unilever Indonesia Tbk PT | 9,600 | 39,553 | ||||||
United Tractors Tbk PT | 13,400 | 34,963 | ||||||
Waskita Beton Precast Tbk PT | 210,300 | 6,324 | ||||||
Waskita Karya Persero Tbk PT | 32,300 | 5,261 | ||||||
Wijaya Karya Persero Tbk PT | 36,800 | 4,204 | ||||||
|
| |||||||
Total Indonesia | 573,533 | |||||||
Malaysia – 3.2% | ||||||||
AirAsia Bhd | 21,700 | 17,963 | ||||||
AMMB Holdings Bhd | 5,600 | 6,102 | ||||||
Astro Malaysia Holdings Bhd | 13,000 | 8,512 | ||||||
Axiata Group Bhd | 17,300 | 23,469 | ||||||
Berjaya Sports Toto Bhd | 17,300 | 9,576 | ||||||
Bermaz Auto Bhd | 7,100 | 3,860 | ||||||
British American Tobacco Malaysia Bhd | 200 | 1,977 | ||||||
Bursa Malaysia Bhd | 2,200 | 5,501 | ||||||
CIMB Group Holdings Bhd | 17,300 | 27,957 | ||||||
Dialog Group Bhd | 7,700 | 4,776 | ||||||
DiGi.Com Bhd | 13,100 | 16,509 | ||||||
Felda Global Ventures Holdings Bhd | 14,200 | 5,930 | ||||||
Fraser & Neave Holdings Bhd | 900 | 6,004 | ||||||
Gamuda Bhd | 7,000 | 8,579 | ||||||
Genting Malaysia Bhd | 5,600 | 7,790 | ||||||
Genting Plantations Bhd | 2,200 | 5,708 | ||||||
HAP Seng Consolidated Bhd | 9,300 | 21,946 | ||||||
Hartalega Holdings Bhd | 2,800 | 7,389 | ||||||
Hong Leong Bank Bhd | 4,100 | 17,223 | ||||||
Hong Leong Financial Group Bhd | 1,400 | 6,185 | ||||||
IJM Corp. Bhd | 19,700 | 14,847 | ||||||
IOI Corp. Bhd | 10,300 | 11,555 | ||||||
Kuala Lumpur Kepong Bhd | 3,400 | 21,003 | ||||||
Magnum Bhd | 14,200 | 6,105 | ||||||
Mah Sing Group Bhd | 7,900 | 2,830 | ||||||
Malayan Banking Bhd | 37,200 | 90,082 | ||||||
Malaysia Airports Holdings Bhd | 3,300 | 7,168 | ||||||
Malaysian Resources Corp. Bhd | 12,300 | 3,404 | ||||||
Maxis Bhd | 8,300 | 12,326 | ||||||
MISC Bhd | 6,500 | 11,917 | ||||||
Nestle Malaysia Bhd | 600 | 15,300 | ||||||
Petronas Chemicals Group Bhd | 18,200 | 34,628 | ||||||
Petronas Dagangan Bhd | 2,000 | 11,989 | ||||||
Petronas Gas Bhd | 1,400 | 6,047 | ||||||
Press Metal Aluminium Holdings Bhd | 27,340 | 36,413 | ||||||
Public Bank Bhd | 11,100 | 56,995 |
See Notes to Financial Statements.
70 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
RHB Bank Bhd | 6,100 | $ | 7,536 | |||||
Sime Darby Bhd | 15,500 | 8,464 | ||||||
SP Setia Bhd Group | 5,900 | 5,831 | ||||||
Sunway Bhd | 7,649 | 3,081 | ||||||
Supermax Corp. Bhd | 13,800 | 6,820 | ||||||
Telekom Malaysia Bhd | 16,200 | 25,219 | ||||||
Tenaga Nasional Bhd | 20,500 | 77,299 | ||||||
Top Glove Corp. Bhd | 7,000 | 13,820 | ||||||
Tune Protect Group Bhd | 15,900 | 4,125 | ||||||
YTL Corp. Bhd | 65,500 | 22,173 | ||||||
YTL Power International Bhd | 19,324 | 6,160 | ||||||
|
| |||||||
Total Malaysia | 736,093 | |||||||
Mexico – 2.6% | ||||||||
Alfa S.A.B. de C.V. Class A | 19,593 | 21,650 | ||||||
Alpek S.A.B. de C.V. | 6,817 | 8,170 | ||||||
Alsea S.A.B. de C.V. | 1,400 | 4,606 | ||||||
America Movil S.A.B. de C.V. Series L | 84,422 | 73,137 | ||||||
Arca Continental S.A.B. de C.V. | 1,765 | 12,262 | ||||||
Banregio Grupo Financiero S.A.B. de C.V. | 467 | 2,562 | ||||||
Bolsa Mexicana de Valores S.A.B. de C.V. | 4,668 | 8,076 | ||||||
Coca-Cola Femsa S.A.B. de C.V. Series L | 3,037 | 21,258 | ||||||
Concentradora Fibra Danhos S.A. de C.V. | 7,013 | 10,972 | ||||||
Corp. Inmobiliaria Vesta S.A.B. de C.V. | 4,085 | 5,086 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. | 6,676 | 63,107 | ||||||
Gruma S.A.B. de C.V. Class B | 514 | 6,549 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 3,745 | 19,461 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B | 3,512 | 36,275 | ||||||
Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B | 385 | 7,046 | ||||||
Grupo Bimbo S.A.B. de C.V. Series A | 1,284 | 2,855 | ||||||
Grupo Financiero Banorte S.A.B. de C.V. Class O | 16,474 | 90,792 | ||||||
Grupo Financiero Inbursa S.A.B. de C.V. Class O | 2,360 | 3,874 | ||||||
Grupo Financiero Santander Mexico S.A.B. de C.V. Class B | 15,680 | 23,025 | ||||||
Grupo Herdez S.A.B. de C.V. | 1,411 | 3,294 | ||||||
Grupo Mexico S.A.B. de C.V. Series B | 13,384 | 44,402 | ||||||
Industrias Bachoco S.A.B. de C.V. Series B | 1,528 | 7,311 | ||||||
Industrias Penoles S.A.B. de C.V. | 232 | 4,858 | ||||||
Infraestructura Energetica Nova S.A.B. de C.V. | 2,817 | 13,887 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 8,718 | 15,439 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.* | 5,560 | 5,897 | ||||||
Megacable Holdings S.A.B. de C.V. Series CPO | 2,334 | 9,545 | ||||||
Mexichem S.A.B. de C.V. | 4,071 | 10,118 | ||||||
Nemak S.A.B. de C.V.(a) | 7,706 | 5,609 | ||||||
Promotora y Operadora de Infraestructura S.A.B. de C.V. | 834 | 8,297 | ||||||
Rassini S.A.B. de C.V. | 1,634 | 5,888 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. | 21,607 | 53,218 | ||||||
|
| |||||||
Total Mexico | 608,526 | |||||||
Philippines – 0.9% | ||||||||
Aboitiz Equity Ventures, Inc. | 1,980 | 2,935 | ||||||
Aboitiz Power Corp. | 4,800 | 3,995 | ||||||
Ayala Corp. | 560 | 11,386 | ||||||
Ayala Land, Inc. | 9,800 | 8,756 | ||||||
Bank of the Philippine Islands | 1,260 | 2,729 | ||||||
BDO Unibank, Inc. | 9,231 | 30,326 | ||||||
D&L Industries, Inc. | 13,200 | 2,925 | ||||||
DMCI Holdings, Inc. | 47,700 | 13,760 | ||||||
Globe Telecom, Inc. | 250 | 9,515 | ||||||
International Container Terminal Services, Inc. | 3,980 | 8,411 | ||||||
Jollibee Foods Corp. | 1,020 | 5,169 | ||||||
Manila Electric Co. | 4,490 | 29,556 | ||||||
Manila Water Co., Inc. | 5,100 | 2,866 | ||||||
Metropolitan Bank & Trust Co. | 2,080 | 4,225 | ||||||
Nickel Asia Corp. | 37,700 | 4,780 | ||||||
PLDT, Inc. | 700 | 20,753 | ||||||
Semirara Mining & Power Corp. | 10,250 | 7,556 | ||||||
SM Investments Corp. | 1,400 | 27,764 | ||||||
SM Prime Holdings, Inc. | 17,300 | 12,996 | ||||||
Universal Robina Corp. | 2,860 | 8,651 | ||||||
|
| |||||||
Total Philippines | 219,054 | |||||||
Poland – 1.0% | ||||||||
Asseco Poland S.A. | 194 | 2,455 | ||||||
Bank Handlowy w Warszawie S.A. | 432 | 10,180 | ||||||
Bank Pekao S.A. | 1,236 | 46,064 | ||||||
Bank Zachodni WBK S.A. | 196 | 22,351 | ||||||
CCC S.A. | 70 | 5,741 | ||||||
Energa S.A. | 2,077 | 7,609 | ||||||
Eurocash S.A. | 390 | 2,971 | ||||||
KGHM Polska Miedz S.A. | 607 | 19,425 | ||||||
Polski Koncern Naftowy Orlen S.A. | 1,292 | 39,413 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo S.A. | 14,173 | 25,656 | ||||||
Powszechny Zaklad Ubezpieczen S.A. | 3,463 | 42,017 | ||||||
Warsaw Stock Exchange | 27 | 365 | ||||||
|
| |||||||
Total Poland | 224,247 | |||||||
Russia – 7.1% | ||||||||
Gazprom Neft PJSC ADR | 742 | 15,953 | ||||||
Gazprom PJSC ADR | 84,706 | 373,553 | ||||||
Lukoil PJSC ADR | 5,868 | 335,767 | ||||||
Magnit PJSC GDR Reg S | 362 | 9,901 | ||||||
Magnitogorsk Iron & Steel Works PJSC GDR Reg S | 3,160 | 30,778 | ||||||
MegaFon PJSC GDR Reg S | 4,790 | 44,308 | ||||||
MMC Norilsk Nickel PJSC ADR | 8,893 | 166,655 | ||||||
Mobile TeleSystems PJSC ADR | 8,424 | 85,841 | ||||||
Novatek PJSC GDR Reg S | 477 | 57,335 | ||||||
Novolipetsk Steel PJSC GDR | 2,831 | 72,247 | ||||||
PhosAgro PJSC GDR Reg S | 1,067 | 16,378 | ||||||
Rosneft Oil Co. PJSC GDR Reg S | 7,482 | 37,335 | ||||||
RusHydro PJSC ADR | 12,970 | 15,564 | ||||||
Sberbank of Russia PJSC ADR | 11,052 | 187,110 | ||||||
Severstal PJSC GDR Reg S | 3,871 | 59,536 | ||||||
Sistema PJSC FC GDR Reg S | 2,205 | 9,195 | ||||||
Tatneft PJSC ADR | 2,549 | 126,074 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 71 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
VTB Bank PJSC GDR Reg S | 4,801 | $ | 8,786 | |||||
|
| |||||||
Total Russia | 1,652,316 | |||||||
Singapore – 0.0% | ||||||||
IGG, Inc. | 8,000 | 8,637 | ||||||
South Africa – 8.1% | ||||||||
Aeci Ltd. | 1,606 | 12,973 | ||||||
African Rainbow Minerals Ltd. | 622 | 6,745 | ||||||
AngloGold Ashanti Ltd. | 984 | 10,223 | ||||||
Ascendis Health Ltd. | 1,555 | 2,223 | ||||||
Aspen Pharmacare Holdings Ltd. | 813 | 18,224 | ||||||
Assore Ltd. | 438 | 12,737 | ||||||
AVI Ltd. | 3,067 | 27,390 | ||||||
Barclays Africa Group Ltd. | 4,346 | 63,888 | ||||||
Barloworld Ltd. | 1,773 | 22,851 | ||||||
Bid Corp., Ltd. | 1,101 | 26,768 | ||||||
Bidvest Group Ltd. (The) | 1,842 | 32,449 | ||||||
Capitec Bank Holdings Ltd. | 187 | 16,585 | ||||||
Clicks Group Ltd. | 1,227 | 17,952 | ||||||
Coronation Fund Managers Ltd. | 2,704 | 16,141 | ||||||
Discovery Ltd. | 755 | 11,343 | ||||||
EOH Holdings Ltd. | 320 | 1,743 | ||||||
Exxaro Resources Ltd. | 1,836 | 24,099 | ||||||
FirstRand Ltd. | 24,342 | 132,229 | ||||||
Foschini Group Ltd. (The) | 2,374 | 37,840 | ||||||
Gold Fields Ltd. | 2,467 | 10,781 | ||||||
Harmony Gold Mining Co., Ltd. | 3,062 | 5,612 | ||||||
Hyprop Investments Ltd. | 2,447 | 23,185 | ||||||
Imperial Holdings Ltd. | 1,096 | 23,207 | ||||||
Investec Ltd. | 2,000 | 14,494 | ||||||
JSE Ltd. | 932 | 11,582 | ||||||
Kumba Iron Ore Ltd. | 627 | 19,202 | ||||||
Liberty Holdings Ltd. | 1,521 | 15,287 | ||||||
Life Healthcare Group Holdings Ltd. | 13,519 | 30,303 | ||||||
MMI Holdings Ltd. | 13,986 | 23,724 | ||||||
Mondi Ltd. | 502 | 12,946 | ||||||
Mpact Ltd. | 2,017 | 3,975 | ||||||
Mr. Price Group Ltd. | 1,836 | 36,315 | ||||||
MTN Group Ltd. | 21,647 | 238,851 | ||||||
Naspers Ltd. Class N | 133 | 37,075 | ||||||
Nedbank Group Ltd. | 1,843 | 38,125 | ||||||
Netcare Ltd. | 13,168 | 26,751 | ||||||
Omnia Holdings Ltd. | 487 | 5,818 | ||||||
Pick n Pay Stores Ltd. | 2,417 | 13,581 | ||||||
Pioneer Foods Group Ltd. | 897 | 9,932 | ||||||
Rand Merchant Investment Holdings Ltd. | 3,427 | 12,706 | ||||||
Raubex Group Ltd. | 2,324 | 3,743 | ||||||
Remgro Ltd. | 1,949 | 37,154 | ||||||
Resilient REIT Ltd. | 1,138 | 13,895 | ||||||
Reunert Ltd. | 2,554 | 14,874 | ||||||
RMB Holdings Ltd. | 5,175 | 33,094 | ||||||
Sanlam Ltd. | 9,612 | 67,548 | ||||||
Santam Ltd. | 474 | 10,224 | ||||||
Sappi Ltd. | 1,660 | 12,001 | ||||||
Sasol Ltd. | 3,872 | 133,919 | ||||||
Shoprite Holdings Ltd. | 2,097 | 37,467 | ||||||
SPAR Group Ltd. (The) | 1,614 | 26,508 | ||||||
Standard Bank Group Ltd. | 8,926 | 141,071 | ||||||
Telkom S.A. SOC Ltd. | 4,450 | 17,297 | ||||||
Tiger Brands Ltd.(b) | 1,168 | 43,399 | ||||||
Tongaat Hulett Ltd. | 971 | 8,991 | ||||||
Truworths International Ltd. | 5,404 | 41,237 | ||||||
Tsogo Sun Holdings Ltd. | 7,739 | 15,228 | ||||||
Vodacom Group Ltd. | 5,274 | 62,061 | ||||||
Wilson Bayly Holmes-Ovcon Ltd. | 407 | 5,110 | ||||||
Woolworths Holdings Ltd. | 10,764 | 56,785 | ||||||
|
| |||||||
Total South Africa | 1,889,461 | |||||||
South Korea – 11.6% | ||||||||
Able C&C Co., Ltd. | 184 | 2,853 | ||||||
Amorepacific Corp. | 42 | 11,946 | ||||||
BGF Co., Ltd. | 26 | 370 | ||||||
Binggrae Co., Ltd. | 90 | 5,305 | ||||||
BNK Financial Group, Inc. | 745 | 6,555 | ||||||
Cheil Worldwide, Inc. | 218 | 4,317 | ||||||
CJ CheilJedang Corp. | 16 | 5,470 | ||||||
CJ Corp. | 22 | 3,730 | ||||||
Coway Co., Ltd. | 564 | 51,471 | ||||||
Cuckoo Electronics Co., Ltd.† | 25 | 3,853 | ||||||
Daelim Industrial Co., Ltd. | 76 | 5,850 | ||||||
Daesang Corp. | 302 | 7,772 | ||||||
Daesang Holdings Co., Ltd. | 411 | 3,820 | ||||||
DB Insurance Co., Ltd. | 131 | 8,712 | ||||||
DGB Financial Group, Inc. | 659 | 6,494 | ||||||
Dongkuk Steel Mill Co., Ltd. | 298 | 3,062 | ||||||
Dongkuk Structures & Construction Co., Ltd. | 467 | 2,495 | ||||||
DONGSUNG Corp. | 1,705 | 8,935 | ||||||
Doosan Bobcat, Inc. | 83 | 2,776 | ||||||
Doosan Corp. | 83 | 8,761 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 502 | 7,198 | ||||||
E-Mart, Inc. | 28 | 7,088 | ||||||
Eugene Corp. | 848 | 3,897 | ||||||
Grand Korea Leisure Co., Ltd. | 301 | 8,224 | ||||||
GS Holdings Corp. | 224 | 13,015 | ||||||
GS Retail Co., Ltd. | 259 | 9,750 | ||||||
Hana Financial Group, Inc. | 789 | 36,703 | ||||||
Hana Tour Service, Inc. | 32 | 3,079 | ||||||
Hankook Tire Co., Ltd. | 126 | 6,426 | ||||||
Hanon Systems | 1,544 | 20,047 | ||||||
Hansol Paper Co., Ltd. | 438 | 5,728 | ||||||
Hanwha Chemical Corp. | 123 | 3,631 | ||||||
Hanwha Life Insurance Co., Ltd. | 1,372 | 8,856 | ||||||
Hite Jinro Co., Ltd. | 544 | 12,246 | ||||||
HMC Investment Securities Co., Ltd. | 375 | 3,818 | ||||||
Huchems Fine Chemical Corp. | 166 | 3,807 | ||||||
Hyosung Corp. | 152 | 19,807 | ||||||
Hyundai Department Store Co., Ltd. | 118 | 11,518 | ||||||
Hyundai Development Co-Engineering & Construction | 331 | 11,919 |
See Notes to Financial Statements.
72 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
Hyundai Elevator Co., Ltd. | 50 | $ | 2,541 | |||||
Hyundai Engineering & Construction Co., Ltd. | 274 | 9,291 | ||||||
Hyundai Glovis Co., Ltd. | 113 | 14,355 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 291 | 12,776 | ||||||
Hyundai Motor Co. | 769 | 112,058 | ||||||
Hyundai Steel Co. | 210 | 11,495 | ||||||
Hyundai Wia Corp. | 91 | 5,525 | ||||||
iMarketKorea, Inc. | 425 | 3,577 | ||||||
Industrial Bank of Korea | 1,138 | 17,486 | ||||||
IS Dongseo Co., Ltd. | 174 | 5,656 | ||||||
It’s Hanbul Co., Ltd. | 92 | 3,902 | ||||||
Kangwon Land, Inc. | 637 | 20,707 | ||||||
KB Financial Group, Inc. | 1,061 | 62,834 | ||||||
Kginicis Co., Ltd. | 376 | 6,603 | ||||||
Kia Motors Corp. | 2,080 | 65,088 | ||||||
Kolon Industries, Inc. | 61 | 5,071 | ||||||
Korea Aerospace Industries Ltd. | 197 | 8,732 | ||||||
Korea Electric Power Corp. | 1,642 | 58,514 | ||||||
Korea Petrochemical Ind Co., Ltd. | 15 | 3,692 | ||||||
Korea Zinc Co., Ltd. | 35 | 16,118 | ||||||
Korean Reinsurance Co. | 1,057 | 10,861 | ||||||
KT Corp. ADR | 1,493 | 23,306 | ||||||
KT Skylife Co., Ltd. | 406 | 5,101 | ||||||
KT&G Corp. | 925 | 99,797 | ||||||
Kumho Industrial Co., Ltd. | 312 | 2,772 | ||||||
Kumho Petrochemical Co., Ltd. | 70 | 6,506 | ||||||
Kyobo Securities Co., Ltd. | 516 | 4,372 | ||||||
LG Chem Ltd. | 117 | 44,262 | ||||||
LG Corp. | 384 | 32,641 | ||||||
LG Display Co., Ltd. | 447 | 12,484 | ||||||
LG Electronics, Inc. | 175 | 17,328 | ||||||
LG Hausys Ltd. | 102 | 9,251 | ||||||
LG Household & Health Care Ltd. | 12 | 13,328 | ||||||
LG International Corp. | 133 | 3,373 | ||||||
LG Uplus Corp. | 1,263 | 16,517 | ||||||
LIG Nex1 Co., Ltd. | 16 | 894 | ||||||
Lotte Chemical Corp. | 28 | 9,625 | ||||||
LOTTE Fine Chemical Co., Ltd. | 98 | 5,941 | ||||||
Lotte Shopping Co., Ltd. | 37 | 6,878 | ||||||
LS Corp. | 163 | 11,039 | ||||||
LS Industrial Systems Co., Ltd. | 154 | 9,365 | ||||||
Mando Corp. | 21 | 6,052 | ||||||
Meritz Fire & Marine Insurance Co., Ltd. | 393 | 8,627 | ||||||
Meritz Securities Co., Ltd. | 1,665 | 7,115 | ||||||
Mirae Asset Daewoo Co., Ltd. | 839 | 7,202 | ||||||
Mirae Asset Life Insurance Co., Ltd. | 812 | 3,982 | ||||||
Muhak Co., Ltd. | 355 | 6,516 | ||||||
NAVER Corp. | 7 | 5,689 | ||||||
NCSoft Corp. | 47 | 19,646 | ||||||
NH Investment & Securities Co., Ltd. | 896 | 11,634 | ||||||
Paradise Co., Ltd. | 322 | 6,707 | ||||||
Partron Co., Ltd. | 552 | 4,867 | ||||||
POSCO | 460 | 142,870 | ||||||
S-1 Corp. | 63 | 6,297 | ||||||
S-Oil Corp. | 384 | 41,967 | ||||||
Samsung C&T Corp. | 63 | 7,415 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 137 | 12,797 | ||||||
Samsung Electronics Co., Ltd. | 328 | 780,668 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 110 | 27,434 | ||||||
Samsung Life Insurance Co., Ltd. | 186 | 21,631 | ||||||
Samsung SDS Co., Ltd. | 21 | 3,923 | ||||||
Samsung Securities Co., Ltd. | 279 | 9,538 | ||||||
Seah Besteel Corp. | 107 | 2,903 | ||||||
Shinhan Financial Group Co., Ltd. | 1,742 | 80,384 | ||||||
Shinsegae, Inc. | 20 | 5,605 | ||||||
SK Chemicals Co., Ltd.† | 44 | 3,461 | ||||||
SK Gas Ltd. | 47 | 4,136 | ||||||
SK Holdings Co., Ltd. | 119 | 31,458 | ||||||
SK Hynix, Inc. | 819 | 58,525 | ||||||
SK Innovation Co., Ltd. | 357 | 68,195 | ||||||
SK Materials Co., Ltd. | 23 | 3,867 | ||||||
SK Networks Co., Ltd. | 556 | 3,454 | ||||||
SK Telecom Co., Ltd. | 350 | 87,292 | ||||||
SKC Co., Ltd. | 109 | 4,785 | ||||||
ST Pharm Co., Ltd. | 102 | 3,149 | ||||||
Sungwoo Hitech Co., Ltd. | 1,668 | 10,159 | ||||||
Tongyang Life Insurance Co., Ltd. | 785 | 5,573 | ||||||
Tongyang, Inc. | 1,671 | 3,098 | ||||||
Woori Bank | 1,621 | 23,848 | ||||||
Yuhan Corp. | 27 | 5,523 | ||||||
|
| |||||||
Total South Korea | 2,690,958 | |||||||
Taiwan – 21.1% | ||||||||
AcBel Polytech, Inc. | 7,000 | 5,234 | ||||||
Accton Technology Corp. | 6,000 | 21,372 | ||||||
Acer, Inc.* | 20,000 | 16,231 | ||||||
Advanced Semiconductor Engineering, Inc. | 49,749 | 63,778 | ||||||
Advantech Co., Ltd. | 2,000 | 14,147 | ||||||
Aerospace Industrial Development Corp. | 5,000 | 6,225 | ||||||
Arcadyan Technology Corp. | 4,000 | 6,976 | ||||||
Asia Cement Corp. | 19,000 | 18,005 | ||||||
Asustek Computer, Inc. | 9,000 | 84,531 | ||||||
Aten International Co., Ltd. | 4,000 | 11,291 | ||||||
AU Optronics Corp. | 86,000 | 35,835 | ||||||
Catcher Technology Co., Ltd. | 5,000 | 55,110 | ||||||
Cathay Financial Holding Co., Ltd. | 48,000 | 86,295 | ||||||
Chang Hwa Commercial Bank Ltd. | 9,250 | 5,144 | ||||||
Charoen Pokphand Enterprise | 1,000 | 2,157 | ||||||
Chaun-Choung Technology Corp. | 1,000 | 3,303 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 19,000 | 33,520 | ||||||
Chicony Electronics Co., Ltd. | 8,025 | 20,225 | ||||||
Chin-Poon Industrial Co., Ltd. | 5,000 | 9,762 | ||||||
China Bills Finance Corp. | 15,000 | 7,763 | ||||||
China Development Financial Holding Corp. | 91,000 | 31,038 | ||||||
China Life Insurance Co., Ltd. | 16,000 | 16,103 | ||||||
China Metal Products | 4,000 | 3,817 | ||||||
China Steel Corp. | 81,000 | 67,367 | ||||||
China Synthetic Rubber Corp. | 12,500 | 18,419 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 73 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
Chroma ATE, Inc. | 1,000 | $ | 5,444 | |||||
Chung-Hsin Electric & Machinery Manufacturing Corp. | 18,000 | 13,458 | ||||||
Chunghwa Telecom Co., Ltd. | 39,000 | 138,918 | ||||||
Cleanaway Co., Ltd. | 2,000 | 11,761 | ||||||
Clevo Co. | 7,000 | 6,822 | ||||||
Compal Electronics, Inc. | 34,000 | 24,336 | ||||||
CTBC Financial Holding Co., Ltd. | 113,720 | 78,339 | ||||||
CTCI Corp. | 7,000 | 10,621 | ||||||
Delta Electronics, Inc. | 13,000 | 62,688 | ||||||
Depo Auto Parts Ind Co., Ltd. | 1,000 | 3,028 | ||||||
E.Sun Financial Holding Co., Ltd. | 32,031 | 20,343 | ||||||
Eclat Textile Co., Ltd. | 1,000 | 9,997 | ||||||
Elan Microelectronics Corp. | 5,000 | 7,746 | ||||||
Elite Advanced Laser Corp. | 1,000 | 4,352 | ||||||
Elite Material Co., Ltd. | 1,000 | 3,411 | ||||||
Elite Semiconductor Memory Technology, Inc. | 8,000 | 11,493 | ||||||
Eternal Materials Co., Ltd. | 9,668 | 10,006 | ||||||
Eva Airways Corp. | 7,000 | 3,728 | ||||||
Evergreen International Storage & Transport Corp. | 13,000 | 6,181 | ||||||
Everlight Electronics Co., Ltd. | 8,000 | 12,084 | ||||||
Far Eastern Department Stores Ltd. | 25,000 | 12,601 | ||||||
Far Eastern International Bank | 25,135 | 8,058 | ||||||
Far Eastern New Century Corp. | 23,000 | 20,713 | ||||||
Far EasTone Telecommunications Co., Ltd. | 15,000 | 37,048 | ||||||
Feng Hsin Steel Co., Ltd. | 6,000 | 11,230 | ||||||
Feng TAY Enterprise Co., Ltd. | �� | 2,000 | 9,107 | |||||
First Financial Holding Co., Ltd. | 65,729 | 43,181 | ||||||
Flytech Technology Co., Ltd. | 2,000 | 5,504 | ||||||
Formosa Chemicals & Fibre Corp. | 47,000 | 162,676 | ||||||
Formosa International Hotels Corp. | 1,000 | 5,175 | ||||||
Formosa Laboratories, Inc. | 1,000 | 2,319 | ||||||
Formosa Petrochemical Corp. | 16,000 | 62,100 | ||||||
Formosa Plastics Corp. | 46,000 | 152,568 | ||||||
Formosan Union Chemical | 13,000 | 7,929 | ||||||
Foxconn Technology Co., Ltd. | 9,010 | 25,796 | ||||||
Fubon Financial Holding Co., Ltd. | 44,000 | 74,963 | ||||||
Gemtek Technology Corp. | 4,000 | 3,394 | ||||||
Getac Technology Corp. | 6,000 | 8,912 | ||||||
Giant Manufacturing Co., Ltd. | 2,000 | 10,988 | ||||||
Gigabyte Technology Co., Ltd. | 9,000 | 16,332 | ||||||
Grape King Bio Ltd. | 1,000 | 6,990 | ||||||
Great Wall Enterprise Co., Ltd. | 5,000 | 5,637 | ||||||
Greatek Electronics, Inc. | 7,000 | 12,255 | ||||||
HannStar Display Corp. | 20,000 | 6,680 | ||||||
Highwealth Construction Corp. | 15,000 | 21,322 | ||||||
Hon Hai Precision Industry Co., Ltd. | 133,100 | 425,798 | ||||||
Hotai Motor Co., Ltd. | 2,000 | 23,792 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 30,575 | 17,210 | ||||||
Huang Hsiang Construction Corp. | 4,000 | 4,059 | ||||||
IEI Integration Corp. | 6,000 | 7,924 | ||||||
Innolux Corp. | 26,000 | 10,834 | ||||||
Inventec Corp. | 40,000 | 31,924 | ||||||
Kenda Rubber Industrial Co., Ltd. | 7,020 | 8,858 | ||||||
King Yuan Electronics Co., Ltd. | 14,000 | 14,231 | ||||||
King’s Town Bank Co., Ltd. | 14,000 | 17,524 | ||||||
Kinik Co. | 6,000 | 17,541 | ||||||
Kinpo Electronics, Inc. | 25,000 | 8,863 | ||||||
Kinsus Interconnect Technology Corp. | 4,000 | 7,285 | ||||||
Kung Long Batteries Industrial Co., Ltd. | 1,000 | 4,822 | ||||||
LCY Chemical Corp. | 9,000 | 14,668 | ||||||
Lien Hwa Industrial Corp. | 7,276 | 8,949 | ||||||
Lite-On Technology Corp. | 32,014 | 43,677 | ||||||
Long Chen Paper Co., Ltd. | 14,710 | 20,687 | ||||||
Makalot Industrial Co., Ltd. | 2,000 | 8,401 | ||||||
MediaTek, Inc. | 8,000 | 79,036 | ||||||
Mega Financial Holding Co., Ltd. | 86,000 | 69,503 | ||||||
Merida Industry Co., Ltd. | 1,000 | 4,201 | ||||||
Merry Electronics Co., Ltd. | 4,000 | 26,144 | ||||||
Micro-Star International Co., Ltd. | 8,000 | 20,592 | ||||||
Namchow Holdings Co., Ltd. | 2,000 | 4,281 | ||||||
Nan Kang Rubber Tire Co., Ltd. | 7,000 | 6,281 | ||||||
Nan Ya Plastics Corp. | 65,000 | 170,153 | ||||||
Nan Ya Printed Circuit Board Corp.* | 8,000 | 7,017 | ||||||
Nantex Industry Co., Ltd. | 8,000 | 6,318 | ||||||
Nanya Technology Corp. | 12,000 | 30,727 | ||||||
Nien Made Enterprise Co., Ltd. | 1,000 | 10,686 | ||||||
Novatek Microelectronics Corp. | 7,000 | 26,698 | ||||||
Pan-International Industrial Corp. | 5,000 | 4,259 | ||||||
Pegatron Corp. | 27,000 | 65,326 | ||||||
Posiflex Technology, Inc. | 1,000 | 4,587 | ||||||
Pou Chen Corp. | 21,000 | 27,204 | ||||||
Powertech Technology, Inc. | 6,000 | 17,743 | ||||||
President Chain Store Corp. | 5,000 | 47,717 | ||||||
Prince Housing & Development Corp. | 12,000 | 4,859 | ||||||
Qisda Corp. | 19,000 | 13,504 | ||||||
Quanta Computer, Inc. | 27,000 | 56,162 | ||||||
Radiant Opto-Electronics Corp. | 5,000 | 11,879 | ||||||
Realtek Semiconductor Corp. | 6,000 | 21,977 | ||||||
Rechi Precision Co., Ltd. | 7,000 | 6,739 | ||||||
Ruentex Industries Ltd. | 1,000 | 1,700 | ||||||
Run Long Construction Co., Ltd. | 5,000 | 7,225 | ||||||
ScinoPharm Taiwan Ltd. | 2,000 | 2,383 | ||||||
Shin Kong Financial Holding Co., Ltd. | 28,000 | 9,880 | ||||||
Shin Zu Shing Co., Ltd. | 2,000 | 5,041 | ||||||
Shinkong Synthetic Fibers Corp. | 20,000 | 6,754 | ||||||
Sigurd Microelectronics Corp. | 9,000 | 9,965 | ||||||
Siliconware Precision Industries Co., Ltd. | 15,000 | 25,354 | ||||||
SinoPac Financial Holdings Co., Ltd. | 64,587 | 20,988 | ||||||
Sitronix Technology Corp. | 2,000 | 5,619 | ||||||
Standard Foods Corp. | 1,000 | 2,487 | ||||||
Sunspring Metal Corp. | 4,000 | 4,994 | ||||||
Supreme Electronics Co., Ltd. | 7,000 | 7,033 | ||||||
Syncmold Enterprise Corp. | 7,000 | 14,937 | ||||||
Synnex Technology International Corp. | 21,150 | 28,820 | ||||||
Systex Corp. | 5,000 | 9,964 | ||||||
Taichung Commercial Bank Co., Ltd. | 29,000 | 9,657 | ||||||
Taishin Financial Holding Co., Ltd. | 36,000 | 16,755 |
See Notes to Financial Statements.
74 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
Taiwan Cement Corp. | 29,000 | $ | 35,521 | |||||
Taiwan Cogeneration Corp. | 9,000 | 8,090 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 36,888 | 20,577 | ||||||
Taiwan Fertilizer Co., Ltd. | 15,000 | 19,331 | ||||||
Taiwan FU Hsing Industrial Co., Ltd. | 7,000 | 8,845 | ||||||
Taiwan High Speed Rail Corp. | 7,000 | 5,528 | ||||||
Taiwan Hon Chuan Enterprise Co., Ltd. | 4,000 | 7,729 | ||||||
Taiwan Mobile Co., Ltd. | 15,000 | 54,186 | ||||||
Taiwan PCB Techvest Co., Ltd. | 5,000 | 5,351 | ||||||
Taiwan Secom Co., Ltd. | 5,000 | 15,391 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 113,000 | 871,465 | ||||||
Taiwan Styrene Monomer | 15,000 | 11,442 | ||||||
Teco Electric and Machinery Co., Ltd. | 13,000 | 12,450 | ||||||
Tong Hsing Electronic Industries Ltd. | 1,000 | 4,537 | ||||||
Tong Yang Industry Co., Ltd. | 2,000 | 3,871 | ||||||
Topco Scientific Co., Ltd. | 1,098 | 2,985 | ||||||
Transcend Information, Inc. | 2,000 | 5,558 | ||||||
Tripod Technology Corp. | 7,000 | 21,876 | ||||||
TSRC Corp. | 5,000 | 6,259 | ||||||
Tung Ho Steel Enterprise Corp. | 7,000 | 6,069 | ||||||
TXC Corp. | 8,000 | 10,686 | ||||||
Uni-President Enterprises Corp. | 29,000 | 64,318 | ||||||
United Microelectronics Corp. | 70,000 | 33,402 | ||||||
USI Corp. | 12,000 | 6,613 | ||||||
Walsin Lihwa Corp. | 19,000 | 11,237 | ||||||
Wan Hai Lines Ltd. | 6,000 | 3,881 | ||||||
Winbond Electronics Corp. | 6,446 | 5,080 | ||||||
Wistron Corp. | 28,535 | 22,965 | ||||||
Wistron NeWeb Corp. | 5,179 | 14,880 | ||||||
WPG Holdings Ltd. | 18,000 | 23,832 | ||||||
WT Microelectronics Co., Ltd. | 6,645 | 10,093 | ||||||
Yuanta Financial Holding Co., Ltd. | 57,000 | 26,433 | ||||||
Yulon Motor Co., Ltd. | 12,000 | 9,738 | ||||||
Yulon Nissan Motor Co., Ltd. | 4,000 | 35,822 | ||||||
YungShin Global Holding Corp. | 8,000 | 10,726 | ||||||
Zeng Hsing Industrial Co., Ltd. | 2,000 | 8,703 | ||||||
Zinwell Corp. | 5,000 | 5,309 | ||||||
|
| |||||||
Total Taiwan | 4,882,857 | |||||||
Thailand – 3.6% | ||||||||
Advanced Info Service PCL NVDR | 16,500 | 96,701 | ||||||
Airports of Thailand PCL NVDR | 20,400 | 42,565 | ||||||
Bangkok Dusit Medical Services PCL NVDR | 7,800 | 5,002 | ||||||
Bangkok Expressway & Metro PCL | 49,600 | 11,719 | ||||||
Bangkok Land PCL NVDR | 207,600 | 11,402 | ||||||
Banpu PCL NVDR | 11,344 | 6,788 | ||||||
BTS Group Holdings PCL NVDR | 41,400 | 10,544 | ||||||
Bumrungrad Hospital PCL NVDR | 1,200 | 6,959 | ||||||
Central Pattana PCL NVDR | 5,800 | 15,172 | ||||||
Charoen Pokphand Foods PCL NVDR | 16,800 | 12,372 | ||||||
CP ALL PCL NVDR | 14,000 | 33,078 | ||||||
Delta Electronics Thailand PCL NVDR | 3,000 | 6,743 | ||||||
Electricity Generating PCL NVDR | 2,000 | 13,256 | ||||||
Glow Energy PCL NVDR | 5,800 | 14,460 | ||||||
Hana Microelectronics PCL NVDR | 7,000 | 9,558 | ||||||
Home Product Center PCL NVDR | 38,600 | 15,160 | ||||||
Indorama Ventures PCL NVDR | 11,700 | 19,117 | ||||||
Intouch Holdings PCL NVDR | 21,100 | 36,418 | ||||||
IRPC PCL NVDR | 50,900 | 11,011 | ||||||
Jasmine International PCL NVDR | 18,900 | 4,118 | ||||||
Kasikornbank PCL NVDR | 4,100 | 29,187 | ||||||
Kiatnakin Bank PCL NVDR | 7,000 | 17,022 | ||||||
Krung Thai Bank PCL NVDR | 42,500 | 25,038 | ||||||
Land & Houses PCL NVDR | 39,600 | 12,758 | ||||||
Minor International PCL NVDR | 5,600 | 7,518 | ||||||
PTT Exploration & Production PCL NVDR | 10,000 | 30,684 | ||||||
PTT Global Chemical PCL NVDR | 18,100 | 47,208 | ||||||
PTT PCL NVDR | 7,800 | 105,308 | ||||||
Ratchaburi Electricity Generating Holding PCL NVDR | 5,600 | 9,322 | ||||||
Robinson PCL NVDR | 5,300 | 11,872 | ||||||
Siam Cement PCL (The) NVDR | 1,400 | 20,792 | ||||||
Siam City Cement PCL NVDR | 477 | 3,849 | ||||||
Siam Commercial Bank PCL (The) NVDR | 6,000 | 27,616 | ||||||
Star Petroleum Refining PCL NVDR | 17,000 | 8,920 | ||||||
Supalai PCL NVDR | 14,000 | 10,181 | ||||||
Thai Oil PCL NVDR | 7,000 | 22,231 | ||||||
Thanachart Capital PCL NVDR | 9,100 | 15,706 | ||||||
Tipco Asphalt PCL NVDR | 3,900 | 2,669 | ||||||
Tisco Financial Group PCL NVDR | 7,000 | 19,009 | ||||||
TMB Bank PCL NVDR | 153,500 | 14,224 | ||||||
TTW PCL NVDR | 20,500 | 7,926 | ||||||
|
| |||||||
Total Thailand | 831,183 | |||||||
Turkey – 1.7% | ||||||||
Akbank Turk AS | 6,285 | 16,328 | ||||||
Akcansa Cimento AS | 1,474 | 4,230 | ||||||
Aksa Akrilik Kimya Sanayii AS | 1,312 | 4,446 | ||||||
Albaraka Turk Katilim Bankasi AS | 13,662 | 5,585 | ||||||
Anadolu Efes Biracilik ve Malt Sanayii AS | 754 | 4,812 | ||||||
Arcelik AS | 517 | 2,934 | ||||||
BIM Birlesik Magazalar AS | 587 | 12,091 | ||||||
Enka Insaat ve Sanayi AS | 9,598 | 15,264 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 23,465 | 62,011 | ||||||
Ford Otomotiv Sanayi AS | 1,067 | 16,955 | ||||||
Haci Omer Sabanci Holding AS | 3,691 | 10,825 | ||||||
Is Gayrimenkul Yatirim Ortakligi AS | 18,538 | 6,649 | ||||||
KOC Holding AS | 2,030 | 9,894 | ||||||
Kordsa Teknik Tekstil AS | 1,466 | 2,966 | ||||||
Petkim Petrokimya Holding AS | 9,470 | 19,407 | ||||||
Soda Sanayii AS | 3,490 | 4,639 | ||||||
Tat Gida Sanayi AS | 2,161 | 3,026 | ||||||
TAV Havalimanlari Holding AS | 1,852 | 10,971 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 1,124 | 9,789 | ||||||
Trakya Cam Sanayii AS | 3,645 | 4,441 | ||||||
Tupras Turkiye Petrol Rafinerileri AS | 2,274 | 72,869 | ||||||
Turkcell Iletisim Hizmetleri AS | 12,279 | 50,132 | ||||||
Turkiye Garanti Bankasi AS | 3,809 | 10,769 | ||||||
Turkiye Halk Bankasi AS | 1,576 | 4,481 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 75 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Emerging Markets Dividend Fund (DVEM)
December 31, 2017
Investments | Shares | Value | ||||||
Turkiye Is Bankasi Group C | 6,572 | $ | 12,081 | |||||
Turkiye Sise ve Cam Fabrikalari AS | 4,582 | 5,680 | ||||||
|
| |||||||
Total Turkey | 383,275 | |||||||
TOTAL COMMON STOCKS (Cost: $20,203,264) | 23,137,015 | |||||||
WARRANTS – 0.0% | ||||||||
Thailand – 0.0% | ||||||||
Supalai PCL, expiring 10/19/18* (Cost: $1,024) | 2,266 | 1,335 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% | ||||||||
United States – 0.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c) | ||||||||
(Cost: $62,944)(d) | 62,944 | 62,944 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.1% (Cost: $20,267,232) | 23,201,294 | |||||||
Other Assets less Liabilities – (0.1)% | (23,422 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 23,177,872 |
* | Non-income producing security. |
† | Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $7,314, which represents 0.03% 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 December 31, 2017 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of December 31, 2017. |
(d) | At December 31, 2017, the total market value of the Fund’s securities on loan was $135,293 and the total market value of the collateral held by the Fund was $144,712. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $81,768. |
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.
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
State Street Bank and Trust | 1/2/2018 | 4,521 | USD | 15,000 | BRL | $ | — | $ | (1 | ) | ||||||||||||||||||
State Street Bank and Trust | 1/2/2018 | 4,005 | USD | 4,298,000 | KRW | — | (10 | ) | ||||||||||||||||||||
State Street Bank and Trust | 1/2/2018 | 1,250 | USD | 5,100 | MYR | — | (10 | ) | ||||||||||||||||||||
State Street Bank and Trust | 1/2/2018 | 2,467 | USD | 73,819 | TWD | — | (13 | ) | ||||||||||||||||||||
$ | — | $ | (34 | ) |
CURRENCY LEGEND |
BRL – Brazilian real
KRW – South Korean won
MYR – Malaysian ringgit
TWD – New Taiwan dollar
USD – U.S. dollar
See Notes to Financial Statements.
76 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Europe Domestic Economy Fund (EDOM)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.0% | ||||||||
Austria – 3.2% | ||||||||
Erste Group Bank AG* | 1,552 | $ | 67,287 | |||||
Oesterreichische Post AG | 712 | 31,993 | ||||||
OMV AG | 1,079 | 68,450 | ||||||
Raiffeisen Bank International AG* | 1,840 | 66,726 | ||||||
UNIQA Insurance Group AG | 4,188 | 44,355 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 287 | 8,879 | ||||||
Voestalpine AG | 824 | 49,320 | ||||||
Wienerberger AG | 2,272 | 55,028 | ||||||
|
| |||||||
Total Austria | 392,038 | |||||||
Belgium – 4.5% | ||||||||
Ackermans & van Haaren N.V. | 351 | 61,178 | ||||||
Ageas | 991 | 48,451 | ||||||
bpost S.A. | 1,624 | 49,503 | ||||||
Cofinimmo S.A. | 319 | 42,040 | ||||||
D’ieteren S.A./N.V. | 600 | 27,043 | ||||||
Econocom Group S.A./N.V. | 4,929 | 35,258 | ||||||
Euronav N.V. | 4,328 | 39,934 | ||||||
KBC Group N.V. | 1,167 | 99,649 | ||||||
Telenet Group Holding N.V.* | 552 | 38,505 | ||||||
Tessenderlo Group S.A.* | 167 | 7,799 | ||||||
Umicore S.A. | 1,328 | 62,917 | ||||||
Warehouses De Pauw CVA | 423 | 47,457 | ||||||
|
| |||||||
Total Belgium | 559,734 | |||||||
Finland – 5.1% | ||||||||
Caverion Oyj*(a) | 5,495 | 38,865 | ||||||
Citycon Oyj | 11,730 | 30,396 | ||||||
Cramo Oyj | 1,721 | 40,836 | ||||||
Metsa Board Oyj | 2,864 | 24,572 | ||||||
Neste Oyj | 1,017 | 65,152 | ||||||
Nokian Renkaat Oyj | 1,223 | 55,512 | ||||||
Outokumpu Oyj | 3,660 | 34,017 | ||||||
Ramirent Oyj | 3,728 | 34,962 | ||||||
Sampo Oyj Class A | 1,095 | 60,221 | ||||||
Sanoma Oyj | 2,487 | 32,462 | ||||||
Stora Enso Oyj Class R | 3,680 | 58,418 | ||||||
Tieto Oyj | 111 | 3,463 | ||||||
UPM-Kymmene Oyj | 3,042 | 94,645 | ||||||
Uponor Oyj | 1,775 | 35,765 | ||||||
YIT Oyj | 2,711 | 20,737 | ||||||
|
| |||||||
Total Finland | 630,023 | |||||||
France – 24.9% | ||||||||
Accor S.A. | 1,360 | 70,223 | ||||||
Aeroports de Paris | 311 | 59,192 | ||||||
Air France-KLM* | 2,304 | 37,571 | ||||||
Alstom S.A. | 648 | 26,927 | ||||||
Alten S.A. | 736 | 61,520 | ||||||
Altran Technologies S.A. | 1,919 | 32,007 | ||||||
Amundi S.A.(b) | 535 | 45,387 | ||||||
Atos SE | 415 | 60,473 | ||||||
AXA S.A. | 3,680 | 109,303 | ||||||
Beneteau S.A. | 1,735 | 41,553 | ||||||
BNP Paribas S.A. | 2,112 | 157,872 | ||||||
Bollore S.A. | 5,694 | 30,959 | ||||||
Bollore S.A.* | 10 | 55 | ||||||
Bouygues S.A. | 1,063 | 55,283 | ||||||
Capgemini SE | 519 | 61,630 | ||||||
Cie de Saint-Gobain | 1,703 | 94,027 | ||||||
Cie Plastic Omnium S.A. | 768 | 34,947 | ||||||
CNP Assurances | 2,320 | 53,642 | ||||||
Coface S.A. | 3,943 | 42,206 | ||||||
Credit Agricole S.A. | 3,951 | 65,472 | ||||||
Derichebourg S.A. | 2,992 | 32,737 | ||||||
Edenred | 1,407 | 40,853 | ||||||
Eiffage S.A. | 680 | 74,583 | ||||||
Elior Group S.A.(b) | 1,751 | 36,217 | ||||||
Elis S.A. | 991 | 27,388 | ||||||
Eurazeo S.A. | 712 | 65,833 | ||||||
Europcar Groupe S.A.(b) | 3,696 | 45,491 | ||||||
Eutelsat Communications S.A. | 682 | 15,802 | ||||||
Faurecia | 1,191 | 93,146 | ||||||
Fnac Darty S.A.* | 543 | 65,660 | ||||||
Fonciere Des Regions | 391 | 44,360 | ||||||
Getlink SE | 2,384 | 30,688 | ||||||
JCDecaux S.A. | 1,120 | 45,195 | ||||||
Klepierre S.A. | 239 | 10,522 | ||||||
Lagardere SCA | 1,592 | 51,099 | ||||||
LISI | 600 | 28,891 | ||||||
Maisons du Monde S.A.(b) | 519 | 23,526 | ||||||
Metropole Television S.A. | 2,040 | 52,753 | ||||||
Natixis S.A. | 5,360 | 42,454 | ||||||
Nexans S.A. | 455 | 27,925 | ||||||
Nexity S.A.* | 608 | 36,227 | ||||||
Peugeot S.A. | 3,479 | 70,831 | ||||||
Renault S.A. | 551 | 55,518 | ||||||
Rexel S.A. | 2,439 | 44,283 | ||||||
Societe Generale S.A. | 1,823 | 94,239 | ||||||
Sopra Steria Group | 351 | 65,688 | ||||||
SPIE S.A. | 1,103 | 28,748 | ||||||
Television Francaise 1 | 2,407 | 35,508 | ||||||
Thales S.A. | 584 | 63,030 | ||||||
TOTAL S.A. | 3,872 | 214,086 | ||||||
Unibail-Rodamco SE | 120 | 30,260 | ||||||
Vicat S.A. | 375 | 29,625 | ||||||
Vinci S.A. | 1,320 | 134,967 | ||||||
Vivendi S.A. | 1,400 | 37,691 | ||||||
Wendel S.A. | 463 | 80,282 | ||||||
Worldline S.A.*(b) | 1,384 | 67,590 | ||||||
|
| |||||||
Total France | 3,083,945 | |||||||
Germany – 24.8% | ||||||||
Aareal Bank AG | 856 | 38,782 | ||||||
Allianz SE Registered Shares | 871 | 200,289 | ||||||
alstria office REIT-AG | 2,023 | 31,337 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA(a) | 351 | 24,008 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 77 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Domestic Economy Fund (EDOM)
December 31, 2017
Investments | Shares | Value | ||||||
Aurubis AG | 287 | $ | 26,736 | |||||
Axel Springer SE | 600 | 46,925 | ||||||
BayWa AG | 296 | 11,399 | ||||||
Bechtle AG | 920 | 76,801 | ||||||
bet-at-home.com AG | 88 | 10,995 | ||||||
Bilfinger SE | 1,191 | 56,584 | ||||||
Commerzbank AG* | 3,191 | 47,916 | ||||||
Continental AG | 239 | 64,587 | ||||||
CropEnergies AG | 2,848 | 26,637 | ||||||
CTS Eventim AG & Co. KGaA | 1,159 | 54,034 | ||||||
Deutsche Bank AG Registered Shares | 3,535 | 67,387 | ||||||
Deutsche Boerse AG | 784 | 91,130 | ||||||
Deutsche Lufthansa AG Registered Shares | 1,927 | 71,084 | ||||||
Deutsche Post AG Registered Shares | 2,759 | 131,692 | ||||||
Deutsche Wohnen SE Bearer Shares | 1,296 | 56,740 | ||||||
Diebold Nixdorf AG | 79 | 6,925 | ||||||
DMG MORI AG | 991 | 54,764 | ||||||
Fielmann AG | 544 | 48,026 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 608 | 67,066 | ||||||
Fuchs Petrolub SE | 559 | 27,098 | ||||||
Hamburger Hafen und Logistik AG | 1,320 | 37,518 | ||||||
Hella GmbH & Co. KGaA | 640 | 39,632 | ||||||
Hugo Boss AG | 576 | 49,066 | ||||||
Indus Holding AG | 688 | 49,156 | ||||||
Jenoptik AG | 600 | 19,846 | ||||||
KION Group AG | 535 | 46,242 | ||||||
Kloeckner & Co. SE | 4,432 | 54,763 | ||||||
LEG Immobilien AG | 391 | 44,740 | ||||||
Leoni AG | 964 | 72,221 | ||||||
MAN SE | 351 | 40,209 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 359 | 77,919 | ||||||
Nemetschek SE | 543 | 48,798 | ||||||
Nordex SE*(a) | 3,474 | 37,019 | ||||||
PATRIZIA Immobilien AG* | 1,226 | 28,465 | ||||||
Pfeiffer Vacuum Technology AG | 199 | 37,314 | ||||||
ProSiebenSat.1 Media SE | 991 | 34,159 | ||||||
Rheinmetall AG | 584 | 74,229 | ||||||
Salzgitter AG | 851 | 48,636 | ||||||
Scout24 AG(b) | 1,111 | 45,426 | ||||||
Siemens AG Registered Shares | 1,087 | 151,607 | ||||||
Sixt SE | 768 | 68,714 | ||||||
Stroeer SE & Co. KGaA | 640 | 47,340 | ||||||
Takkt AG | 1,047 | 23,718 | ||||||
Talanx AG | 744 | 30,438 | ||||||
Tele Columbus AG*(b) | 1,911 | 21,226 | ||||||
ThyssenKrupp AG | 1,727 | 50,217 | ||||||
TLG Immobilien AG | 1,560 | 41,483 | ||||||
TUI AG | 1,528 | 31,504 | ||||||
United Internet AG Registered Shares | 736 | 50,677 | ||||||
Volkswagen AG | 223 | 45,174 | ||||||
VTG AG | 680 | 38,998 | ||||||
Wacker Neuson SE | 1,919 | 69,303 | ||||||
Washtec AG | 303 | 28,634 | ||||||
Wirecard AG | 564 | 63,032 | ||||||
Wuestenrot & Wuerttembergische AG | 1,474 | 41,347 | ||||||
Zalando SE*(b) | 912 | 48,312 | ||||||
|
| |||||||
Total Germany | 3,076,024 | |||||||
Ireland – 2.7% | ||||||||
Bank of Ireland Group PLC* | 4,112 | 35,033 | ||||||
Dalata Hotel Group PLC* | 8,920 | 67,533 | ||||||
Irish Continental Group PLC | 4,919 | 34,023 | ||||||
Kingspan Group PLC | 872 | 38,119 | ||||||
Paddy Power Betfair PLC | 526 | 62,657 | ||||||
Permanent TSB Group Holdings PLC* | 7,623 | 20,596 | ||||||
Ryanair Holdings PLC ADR* | 463 | 48,240 | ||||||
Smurfit Kappa Group PLC | 1,039 | 35,171 | ||||||
|
| |||||||
Total Ireland | 341,372 | |||||||
Italy – 16.5% | ||||||||
Anima Holding SpA(b) | 7,823 | 55,987 | ||||||
Ansaldo STS SpA* | 2,599 | 37,451 | ||||||
Assicurazioni Generali SpA | 2,928 | 53,442 | ||||||
ASTM SpA | 935 | 27,204 | ||||||
Atlantia SpA | 1,392 | 43,994 | ||||||
Azimut Holding SpA | 2,096 | 40,195 | ||||||
Banca Generali SpA | 1,247 | 41,538 | ||||||
Banca IFIS SpA | 1,199 | 58,699 | ||||||
Banca Mediolanum SpA | 3,239 | 28,062 | ||||||
Banca Popolare di Sondrio SCPA | 13,474 | 49,251 | ||||||
Banco BPM SpA* | 11,778 | 37,055 | ||||||
Biesse SpA | 887 | 45,054 | ||||||
BPER Banca | 9,632 | 48,693 | ||||||
Brembo SpA | 4,671 | 71,065 | ||||||
Buzzi Unicem SpA | 2,007 | 54,225 | ||||||
Cerved Information Solutions SpA | 4,280 | 54,478 | ||||||
CIR-Compagnie Industriali Riunite SpA | 17,254 | 24,137 | ||||||
Credito Emiliano SpA | 3,951 | 33,566 | ||||||
Datalogic SpA | 1,079 | 39,932 | ||||||
De’ Longhi SpA | 1,312 | 39,749 | ||||||
Enav SpA(b) | 3,487 | 18,884 | ||||||
Eni SpA | 5,200 | 86,170 | ||||||
FinecoBank Banca Fineco SpA | 4,103 | 42,051 | ||||||
Industria Macchine Automatiche SpA | 367 | 29,879 | ||||||
Intesa Sanpaolo SpA | 30,437 | 101,240 | ||||||
Intesa Sanpaolo SpA RSP | 15,043 | 48,049 | ||||||
Italmobiliare SpA | 864 | 24,744 | ||||||
Leonardo SpA | 2,567 | 30,578 | ||||||
Mediaset SpA*(a) | 9,699 | 37,618 | ||||||
Mediobanca SpA | 3,600 | 40,895 | ||||||
OVS SpA(b) | 7,952 | 53,043 | ||||||
Poste Italiane SpA(b) | 7,591 | 57,198 | ||||||
Prysmian SpA | 1,871 | 61,088 | ||||||
RAI Way SpA(b) | 5,479 | 33,389 | ||||||
Saras SpA | 10,723 | 25,804 | ||||||
Snam SpA | 9,423 | 46,166 | ||||||
Societa Cattolica di Assicurazioni SC | 4,071 | 44,241 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 2,488 | 46,367 |
See Notes to Financial Statements.
78 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe Domestic Economy Fund (EDOM)
December 31, 2017
Investments | Shares | Value | ||||||
Technogym SpA(b) | 2,864 | $ | 27,771 | |||||
Tod’s SpA(a) | 408 | 29,837 | ||||||
UniCredit SpA* | 3,399 | 63,590 | ||||||
Unione di Banche Italiane SpA | 10,681 | 46,763 | ||||||
Unipol Gruppo SpA | 13,747 | 64,544 | ||||||
UnipolSai Assicurazioni SpA | 12,466 | 29,145 | ||||||
Yoox Net-A-Porter Group SpA*(a) | 2,080 | 72,732 | ||||||
|
| |||||||
Total Italy | 2,045,563 | |||||||
Netherlands – 7.0% | ||||||||
Aalberts Industries N.V. | 1,512 | 76,973 | ||||||
ABN AMRO Group N.V. CVA(b) | 2,639 | 85,244 | ||||||
Aegon N.V. | 7,769 | 49,584 | ||||||
Altice N.V. Class A* | 2,592 | 27,222 | ||||||
ASR Nederland N.V. | 880 | 36,250 | ||||||
Boskalis Westminster | 736 | 27,778 | ||||||
Euronext N.V.(b) | 943 | 58,667 | ||||||
Flow Traders(b) | 1,215 | 29,179 | ||||||
GrandVision N.V.(b) | 1,287 | 32,910 | ||||||
IMCD Group N.V. | 680 | 42,811 | ||||||
ING Groep N.V. | 8,500 | 156,419 | ||||||
Intertrust N.V.(b) | 1,202 | 22,560 | ||||||
Koninklijke BAM Groep N.V. | 3,287 | 15,121 | ||||||
NN Group N.V. | 1,064 | 46,149 | ||||||
PostNL N.V. | 6,290 | 30,786 | ||||||
Randstad Holding N.V. | 672 | 41,348 | ||||||
Steinhoff International Holdings N.V. | 9,327 | 3,550 | ||||||
TKH Group N.V. CVA | 1,119 | 71,122 | ||||||
TomTom N.V.* | 2,128 | 21,094 | ||||||
|
| |||||||
Total Netherlands | 874,767 | |||||||
Portugal – 1.8% | ||||||||
Altri, SGPS, S.A. | 4,807 | 29,848 | ||||||
Banco Comercial Portugues S.A. Registered Shares* | 163,389 | 53,366 | ||||||
Corticeira Amorim, SGPS, S.A. | 1,330 | 16,450 | ||||||
Navigator Co. S.A. (The) | 6,736 | 34,393 | ||||||
NOS, SGPS, S.A. | 11,641 | 76,616 | ||||||
Semapa-Sociedade de Investimento e Gestao | 704 | 15,043 | ||||||
|
| |||||||
Total Portugal | 225,716 | |||||||
Spain – 9.0% | ||||||||
Abertis Infraestructuras S.A. | 1,855 | 41,320 | ||||||
Aena SME S.A.(b) | 287 | 58,242 | ||||||
Amadeus IT Group S.A. | 1,239 | 89,431 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 4,080 | 42,624 | ||||||
Banco de Sabadell S.A. | 16,962 | 33,729 | ||||||
Bankia S.A. | 3,215 | 15,392 | ||||||
Bankinter S.A. | 5,792 | 54,973 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A. | 1,023 | 32,615 | ||||||
CaixaBank S.A. | 12,827 | 59,901 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 1,368 | 31,490 | ||||||
Cie Automotive S.A. | 1,671 | 48,578 | ||||||
Enagas S.A. | 1,079 | 30,927 | ||||||
Ferrovial S.A. | 1,467 | 33,338 | ||||||
Fomento de Construcciones y Contratas S.A.* | 2,976 | 30,826 | ||||||
Grupo Catalana Occidente S.A. | 1,512 | 67,069 | ||||||
Indra Sistemas S.A.* | 2,376 | 32,540 | ||||||
Industria de Diseno Textil S.A. | 2,320 | 80,915 | ||||||
Liberbank S.A.* | 47,915 | 25,431 | ||||||
Mediaset Espana Comunicacion S.A. | 3,439 | 38,648 | ||||||
Melia Hotels International S.A. | 3,495 | 48,263 | ||||||
NH Hotel Group S.A. | 6,056 | 43,632 | ||||||
Parques Reunidos Servicios Centrales SAU(b) | 1,848 | 32,953 | ||||||
Repsol S.A. | 3,264 | 57,792 | ||||||
Sacyr S.A.* | 14,651 | 41,502 | ||||||
Zardoya Otis S.A. | 4,336 | 47,485 | ||||||
|
| |||||||
Total Spain | 1,119,616 | |||||||
United Kingdom – 0.5% | ||||||||
International Consolidated Airlines Group S.A. | 6,720 | 58,390 | ||||||
TOTAL COMMON STOCKS (Cost: $11,741,163) | 12,407,188 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1% | ||||||||
United States – 1.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c) | ||||||||
(Cost: $143,812)(d) | 143,812 | 143,812 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.1% (Cost: $11,884,975) | 12,551,000 | |||||||
Other Assets less Liabilities – (1.1)% | (142,006 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 12,408,994 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 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 December 31, 2017. |
(d) | At December 31, 2017, the total market value of the Fund’s securities on loan was $148,433 and the total market value of the collateral held by the Fund was $159,148. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $15,336. |
ADR | – American Depositary Receipt |
CVA | – Certificaten Van Aandelen (Certificate of Stock) |
RSP | – Risparmio Italian Savings Shares |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 79 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Global ex-Mexico Equity Fund (XMX)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
Australia – 2.0% | ||||||||
Aristocrat Leisure Ltd. | 4,761 | $ | 88,255 | |||||
Australia & New Zealand Banking Group Ltd. | 7,252 | 163,018 | ||||||
BHP Billiton Ltd. | 9,892 | 228,784 | ||||||
Brambles Ltd. | 12,321 | 97,043 | ||||||
Commonwealth Bank of Australia | 3,640 | 228,730 | ||||||
CSL Ltd. | 1,406 | 155,388 | ||||||
Macquarie Group Ltd. | 1,540 | 120,005 | ||||||
National Australia Bank Ltd. | 6,496 | 150,241 | ||||||
QBE Insurance Group Ltd. | 7,661 | 63,995 | ||||||
Telstra Corp., Ltd. | 21,017 | 59,672 | ||||||
Westpac Banking Corp. | 7,644 | 187,434 | ||||||
Woolworths Group Ltd. | 4,872 | 104,030 | ||||||
|
| |||||||
Total Australia | 1,646,595 | |||||||
Austria – 0.1% | ||||||||
Raiffeisen Bank International AG* | 1,440 | 52,220 | ||||||
Belgium – 0.5% | ||||||||
Ageas | 2,296 | 112,253 | ||||||
Anheuser-Busch InBev S.A. | 1,820 | 203,531 | ||||||
KBC Group N.V. | 856 | 73,093 | ||||||
|
| |||||||
Total Belgium | 388,877 | |||||||
Brazil – 0.5% | ||||||||
Ambev S.A. | 12,449 | 79,863 | ||||||
B3 S.A. – Brasil Bolsa Balcao | 12,058 | 82,808 | ||||||
Banco do Brasil S.A. | 2,800 | 26,860 | ||||||
BR Malls Participacoes S.A. | 12,758 | 48,961 | ||||||
Kroton Educacional S.A. | 8,476 | 47,016 | ||||||
Petroleo Brasileiro S.A.* | 9,498 | 48,419 | ||||||
Vale S.A. | 6,846 | 83,091 | ||||||
|
| |||||||
Total Brazil | 417,018 | |||||||
Canada – 3.3% | ||||||||
Agrium, Inc. | 832 | 96,006 | ||||||
Alimentation Couche-Tard, Inc. Class B | 1,456 | 76,219 | ||||||
Bank of Nova Scotia (The) | 1,932 | 125,084 | ||||||
Barrick Gold Corp. | 4,353 | 63,161 | ||||||
Canadian Imperial Bank of Commerce(a) | 868 | 84,891 | ||||||
Canadian National Railway Co. | 1,624 | 134,345 | ||||||
Canadian Natural Resources Ltd. | 3,784 | 135,662 | ||||||
Canadian Pacific Railway Ltd. | 476 | 87,249 | ||||||
Enbridge, Inc. | 4,368 | 171,380 | ||||||
George Weston Ltd. | 1,064 | 92,698 | ||||||
Hydro One Ltd.(b) | 4,976 | 88,960 | ||||||
Industrial Alliance Insurance & Financial Services, Inc. | 2,212 | 105,608 | ||||||
Intact Financial Corp. | 1,140 | 95,526 | ||||||
Loblaw Cos. Ltd. | 1,260 | 68,604 | ||||||
Magna International, Inc. | 1,792 | 101,889 | ||||||
Manulife Financial Corp. | 5,152 | 107,814 | ||||||
Metro, Inc. | 2,900 | 93,160 | ||||||
Potash Corp. of Saskatchewan, Inc. | 4,383 | 90,182 | ||||||
Royal Bank of Canada | 2,296 | 188,104 | ||||||
Saputo, Inc. | 2,100 | 75,724 | ||||||
Shopify, Inc. Class A* | 546 | 55,391 | ||||||
SNC-Lavalin Group, Inc. | 1,904 | 86,694 | ||||||
Suncor Energy, Inc. | 4,144 | 152,636 | ||||||
Toronto-Dominion Bank (The) | 2,448 | 143,897 | ||||||
TransCanada Corp.(a) | 2,212 | 108,009 | ||||||
Wheaton Precious Metals Corp. | 3,971 | 88,075 | ||||||
|
| |||||||
Total Canada | 2,716,968 | |||||||
Chile – 0.1% | ||||||||
Banco Santander Chile | 694,066 | 54,387 | ||||||
China – 2.4% | ||||||||
AAC Technologies Holdings, Inc. | 2,500 | 44,581 | ||||||
Bank of China Ltd. Class H | 255,000 | 125,261 | ||||||
China Conch Venture Holdings Ltd. | 42,500 | 98,403 | ||||||
China Construction Bank Corp. Class H | 240,000 | 221,048 | ||||||
China Evergrande Group* | 15,000 | 51,712 | ||||||
China Life Insurance Co., Ltd. Class H | 28,000 | 87,933 | ||||||
China Mobile Ltd. | 12,500 | 126,722 | ||||||
China Petroleum & Chemical Corp. Class H | 112,000 | 82,095 | ||||||
CNOOC Ltd. | 84,000 | 120,563 | ||||||
Country Garden Holdings Co., Ltd. | 28,000 | 53,369 | ||||||
Hengan International Group Co., Ltd. | 7,500 | 83,229 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 211,000 | 169,776 | ||||||
Sunac China Holdings Ltd.(a) | 10,000 | 41,383 | ||||||
Sunny Optical Technology Group Co., Ltd. | 5,000 | 63,897 | ||||||
Tencent Holdings Ltd. | 12,300 | 638,814 | ||||||
|
| |||||||
Total China | 2,008,786 | |||||||
Denmark – 0.7% | ||||||||
ISS A/S | 3,978 | 154,170 | ||||||
Jyske Bank A/S Registered Shares | 685 | 39,020 | ||||||
Novo Nordisk A/S Class B | 4,159 | 224,370 | ||||||
Pandora A/S | 612 | 66,674 | ||||||
Vestas Wind Systems A/S | 872 | 60,305 | ||||||
|
| |||||||
Total Denmark | 544,539 | |||||||
Finland – 0.3% | ||||||||
Elisa Oyj | 3,419 | 134,333 | ||||||
Nokia Oyj | 20,020 | 93,612 | ||||||
|
| |||||||
Total Finland | 227,945 | |||||||
France – 3.6% | ||||||||
Accor S.A. | 1,876 | 96,866 | ||||||
Air Liquide S.A. | 1,018 | 128,415 | ||||||
Airbus SE | 1,530 | 152,490 | ||||||
Arkema S.A. | 952 | 116,088 | ||||||
Atos SE | 700 | 102,002 | ||||||
AXA S.A. | 4,256 | 126,411 | ||||||
BNP Paribas S.A. | 2,436 | 182,091 | ||||||
Capgemini SE | 952 | 113,047 | ||||||
Danone S.A. | 1,367 | 114,822 | ||||||
Engie S.A. | 5,768 | 99,287 | ||||||
Essilor International Cie Generale d’Optique S.A. | 700 | 96,622 | ||||||
Legrand S.A. | 1,400 | 107,911 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 672 | 198,023 |
See Notes to Financial Statements.
80 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
December 31, 2017
Investments | Shares | Value | ||||||
Orange S.A. | 6,048 | $ | 105,124 | |||||
Publicis Groupe S.A. | 1,064 | 72,379 | ||||||
Sanofi | 2,212 | 190,846 | ||||||
Schneider Electric SE* | 1,568 | 133,419 | ||||||
Societe Generale S.A. | 1,932 | 99,874 | ||||||
TOTAL S.A. | 4,307 | 238,138 | ||||||
Unibail-Rodamco SE | 448 | 112,971 | ||||||
Valeo S.A. | 1,316 | 98,402 | ||||||
Veolia Environnement S.A. | 3,971 | 101,447 | ||||||
Vinci S.A. | 1,400 | 143,147 | ||||||
Vivendi S.A. | 3,572 | 96,165 | ||||||
|
| |||||||
Total France | 3,025,987 | |||||||
Germany – 3.2% | ||||||||
adidas AG | 576 | 115,611 | ||||||
Allianz SE Registered Shares | 896 | 206,038 | ||||||
BASF SE | 2,055 | 226,382 | ||||||
Bayer AG Registered Shares | 1,680 | 209,804 | ||||||
Daimler AG Registered Shares | 2,128 | 180,915 | ||||||
Deutsche Bank AG Registered Shares | 5,432 | 103,549 | ||||||
Deutsche Telekom AG Registered Shares | 7,336 | 130,330 | ||||||
Deutsche Wohnen SE Bearer Shares | 2,914 | 127,578 | ||||||
Fresenius SE & Co. KGaA | 1,288 | 100,639 | ||||||
HeidelbergCement AG | 980 | 106,205 | ||||||
Infineon Technologies AG | 5,264 | 144,340 | ||||||
Linde AG* | 672 | 157,070 | ||||||
MTU Aero Engines AG | 726 | 130,244 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 490 | 106,352 | ||||||
RWE AG* | 3,176 | 64,834 | ||||||
SAP SE | 2,044 | 229,367 | ||||||
Siemens AG Registered Shares | 1,701 | 237,244 | ||||||
ThyssenKrupp AG | 2,395 | 69,640 | ||||||
|
| |||||||
Total Germany | 2,646,142 | |||||||
Hong Kong – 1.0% | ||||||||
AIA Group Ltd. | 28,000 | 238,727 | ||||||
CK Asset Holdings Ltd. | 14,000 | 122,318 | ||||||
CK Hutchison Holdings Ltd. | 13,000 | 163,138 | ||||||
CLP Holdings Ltd. | 12,500 | 127,842 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 4,600 | 141,108 | ||||||
|
| |||||||
Total Hong Kong | 793,133 | |||||||
India – 0.9% | ||||||||
Axis Bank Ltd. | 10,360 | 91,536 | ||||||
IndusInd Bank Ltd. | 5,404 | 139,605 | ||||||
Infosys Ltd. | 7,112 | 116,111 | ||||||
Larsen & Toubro Ltd. | 5,918 | 116,663 | ||||||
Maruti Suzuki India Ltd. | 1,036 | 157,923 | ||||||
Reliance Industries Ltd. | 10,696 | 154,347 | ||||||
|
| |||||||
Total India | 776,185 | |||||||
Ireland – 0.3% | ||||||||
Bank of Ireland Group PLC* | 1,999 | 17,031 | ||||||
CRH PLC | 847 | 30,467 | ||||||
Experian PLC | 3,668 | 81,176 | ||||||
Kingspan Group PLC | 1,552 | 67,846 | ||||||
Smurfit Kappa Group PLC | 1,747 | 59,137 | ||||||
|
| |||||||
Total Ireland | 255,657 | |||||||
Israel – 0.0% | ||||||||
Teva Pharmaceutical Industries Ltd. | 1,824 | 34,492 | ||||||
Italy – 0.7% | ||||||||
Assicurazioni Generali SpA | 4,900 | 89,436 | ||||||
Banco BPM SpA* | 7,657 | 24,090 | ||||||
Eni SpA | 7,868 | 130,381 | ||||||
Intesa Sanpaolo SpA | 39,868 | 132,609 | ||||||
Snam SpA | 26,455 | 129,610 | ||||||
UniCredit SpA* | 4,704 | 88,005 | ||||||
|
| |||||||
Total Italy | 594,131 | |||||||
Japan – 8.1% | ||||||||
Ajinomoto Co., Inc. | 3,700 | 69,664 | ||||||
Asahi Group Holdings Ltd. | 2,400 | 119,095 | ||||||
Astellas Pharma, Inc. | 8,400 | 107,153 | ||||||
Bandai Namco Holdings, Inc. | 2,800 | 91,593 | ||||||
Bridgestone Corp. | 2,800 | 130,194 | ||||||
Daiichi Sankyo Co., Ltd. | 3,900 | 101,680 | ||||||
Hitachi Ltd. | 18,000 | 140,277 | ||||||
Honda Motor Co., Ltd. | 5,400 | 185,129 | ||||||
ITOCHU Corp. | 6,200 | 115,744 | ||||||
Japan Exchange Group, Inc. | 4,200 | 73,113 | ||||||
Japan Tobacco, Inc. | 2,400 | 77,358 | ||||||
Kao Corp. | 2,500 | 169,086 | ||||||
KDDI Corp. | 5,600 | 139,416 | ||||||
Keyence Corp. | 200 | 112,064 | ||||||
Kintetsu Group Holdings Co., Ltd. | 3,100 | 118,881 | ||||||
Kirin Holdings Co., Ltd. | 5,300 | 133,641 | ||||||
Komatsu Ltd. | 4,200 | 152,043 | ||||||
Kubota Corp. | 5,600 | 109,838 | ||||||
Mitsubishi Chemical Holdings Corp. | 14,000 | 153,671 | ||||||
Mitsubishi Corp. | 5,600 | 154,752 | ||||||
Mitsubishi Electric Corp. | 8,400 | 139,553 | ||||||
Mitsubishi Heavy Industries Ltd. | 2,300 | 85,957 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 31,900 | 234,018 | ||||||
Mitsui & Co., Ltd. | 8,400 | 136,607 | ||||||
Mizuho Financial Group, Inc. | 70,000 | 127,137 | ||||||
Nagoya Railroad Co., Ltd. | 5,500 | 138,513 | ||||||
Nikon Corp. | 6,200 | 124,936 | ||||||
Nintendo Co., Ltd. | 100 | 36,565 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 3,200 | 82,123 | ||||||
Nippon Telegraph & Telephone Corp. | 2,800 | 131,760 | ||||||
Nisshin Seifun Group, Inc. | 8,400 | 169,715 | ||||||
Nomura Holdings, Inc. | 14,000 | 82,658 | ||||||
NTT DOCOMO, Inc. | 4,300 | 101,574 | ||||||
Odakyu Electric Railway Co., Ltd. | 4,200 | 89,854 | ||||||
Oji Holdings Corp. | 28,000 | 186,418 | ||||||
Olympus Corp. | 2,500 | 95,872 | ||||||
Otsuka Holdings Co., Ltd. | 2,500 | 109,809 | ||||||
Panasonic Corp. | 8,400 | 122,999 | ||||||
Recruit Holdings Co., Ltd. | 6,100 | 151,620 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 81 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
December 31, 2017
Investments | Shares | Value | ||||||
Seven & I Holdings Co., Ltd. | 2,800 | $ | 116,399 | |||||
Shionogi & Co., Ltd. | 2,100 | 113,659 | ||||||
SoftBank Group Corp. | 1,600 | 126,693 | ||||||
Sony Corp. | 3,400 | 153,415 | ||||||
Subaru Corp. | 2,400 | 76,336 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 3,100 | 133,962 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 2,500 | 99,268 | ||||||
Suzuki Motor Corp. | 1,800 | 104,405 | ||||||
Tobu Railway Co., Ltd. | 5,600 | 180,950 | ||||||
Tokio Marine Holdings, Inc. | 2,800 | 127,783 | ||||||
Tokyo Gas Co., Ltd. | 4,200 | 96,136 | ||||||
Toshiba Corp.* | 13,000 | 36,582 | ||||||
Toyo Suisan Kaisha Ltd. | 3,300 | 141,052 | ||||||
Toyota Motor Corp. | 5,600 | 358,569 | ||||||
Yakult Honsha Co., Ltd. | 1,000 | 75,455 | ||||||
|
| |||||||
Total Japan | 6,742,744 | |||||||
Malaysia – 0.1% | ||||||||
CIMB Group Holdings Bhd | 21,200 | 34,259 | ||||||
Genting Malaysia Bhd | 51,700 | 71,923 | ||||||
�� |
|
| ||||||
Total Malaysia | 106,182 | |||||||
Netherlands – 1.0% | ||||||||
Akzo Nobel N.V. | 1,214 | 106,447 | ||||||
ASML Holding N.V. | 984 | 171,507 | ||||||
ING Groep N.V. | 7,896 | 145,304 | ||||||
Koninklijke DSM N.V. | 1,240 | 118,628 | ||||||
Koninklijke KPN N.V. | 24,217 | 84,564 | ||||||
Koninklijke Philips N.V. | 2,520 | 95,441 | ||||||
Wolters Kluwer N.V. | 1,876 | 97,947 | ||||||
|
| |||||||
Total Netherlands | 819,838 | |||||||
Norway – 0.2% | ||||||||
Orkla ASA | 11,943 | 127,105 | ||||||
Poland – 0.0% | ||||||||
Polski Koncern Naftowy Orlen S.A. | 1,330 | 40,572 | ||||||
Singapore – 0.4% | ||||||||
City Developments Ltd. | 5,300 | 49,534 | ||||||
DBS Group Holdings Ltd. | 3,400 | 63,222 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 4,100 | 38,012 | ||||||
Singapore Exchange Ltd. | 16,800 | 93,529 | ||||||
United Overseas Bank Ltd. | 800 | 15,834 | ||||||
Venture Corp., Ltd. | 4,200 | 64,332 | ||||||
|
| |||||||
Total Singapore | 324,463 | |||||||
South Africa – 0.7% | ||||||||
Barclays Africa Group Ltd. | 741 | 10,893 | ||||||
FirstRand Ltd. | 11,592 | 62,969 | ||||||
MTN Group Ltd. | 4,889 | 53,945 | ||||||
Naspers Ltd. Class N | 816 | 227,465 | ||||||
Remgro Ltd. | 2,565 | 48,896 | ||||||
Resilient REIT Ltd. | 4,709 | 57,497 | ||||||
Sappi Ltd. | 5,025 | 36,328 | ||||||
Sasol Ltd. | 1,451 | 50,185 | ||||||
Standard Bank Group Ltd. | 3,795 | 59,978 | ||||||
Steinhoff International Holdings N.V. | 11,820 | 4,440 | ||||||
|
| |||||||
Total South Africa | 612,596 | |||||||
South Korea – 1.4% | ||||||||
Hyundai Motor Co. | 490 | 71,403 | ||||||
KT&G Corp. | 858 | 92,568 | ||||||
NAVER Corp. | 140 | 113,773 | ||||||
POSCO | 364 | 113,054 | ||||||
Samsung Electronics Co., Ltd. | 204 | 485,537 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 308 | 76,817 | ||||||
Shinhan Financial Group Co., Ltd. | 2,828 | 130,497 | ||||||
SK Hynix, Inc. | 1,618 | 115,620 | ||||||
|
| |||||||
Total South Korea | 1,199,269 | |||||||
Spain – 1.1% | ||||||||
Banco Bilbao Vizcaya Argentaria S.A. | 15,736 | 134,387 | ||||||
Banco Santander S.A. | 35,367 | 232,686 | ||||||
Enagas S.A. | 4,144 | 118,780 | ||||||
Industria de Diseno Textil S.A. | 2,740 | 95,564 | ||||||
Red Electrica Corp. S.A. | 6,132 | 137,767 | ||||||
Repsol S.A. | 6,250 | 110,661 | ||||||
Telefonica S.A. | 11,648 | 113,644 | ||||||
|
| |||||||
Total Spain | 943,489 | |||||||
Sweden – 1.0% | ||||||||
Assa Abloy AB Class B | 4,564 | 94,987 | ||||||
Atlas Copco AB Class A | 3,304 | 142,935 | ||||||
Castellum AB | 8,092 | 136,786 | ||||||
Hennes & Mauritz AB Class B | 2,619 | 54,155 | ||||||
Nordea Bank AB | 6,944 | 84,219 | ||||||
Securitas AB Class B | 4,956 | 86,681 | ||||||
Telefonaktiebolaget LM Ericsson Class B | 12,113 | 79,668 | ||||||
Volvo AB Class B | 6,580 | 122,719 | ||||||
|
| |||||||
Total Sweden | 802,150 | |||||||
Switzerland – 2.9% | ||||||||
ABB Ltd. Registered Shares | 5,236 | 140,343 | ||||||
Adecco Group AG Registered Shares | 1,036 | 79,255 | ||||||
Cie Financiere Richemont S.A. Registered Shares | 1,372 | 124,318 | ||||||
Credit Suisse Group AG Registered Shares* | 6,691 | 119,470 | ||||||
Givaudan S.A. Registered Shares | 56 | 129,412 | ||||||
LafargeHolcim Ltd. Registered Shares* | 1,764 | 99,468 | ||||||
Nestle S.A. Registered Shares | 5,904 | 507,702 | ||||||
Novartis AG Registered Shares | 5,124 | 433,266 | ||||||
Roche Holding AG Genusschein | 1,429 | 361,466 | ||||||
Schindler Holding AG Participation Certificate | 645 | 148,459 | ||||||
UBS Group AG Registered Shares* | 8,021 | 147,662 | ||||||
Zurich Insurance Group AG | 364 | 110,787 | ||||||
|
| |||||||
Total Switzerland | 2,401,608 | |||||||
Taiwan – 1.1% | ||||||||
Asustek Computer, Inc. | 8,000 | 75,138 | ||||||
AU Optronics Corp. | 29,000 | 12,084 | ||||||
Catcher Technology Co., Ltd. | 4,000 | 44,088 | ||||||
China Development Financial Holding Corp. | 266,000 | 90,727 | ||||||
China Life Insurance Co., Ltd. | 68,000 | 68,437 | ||||||
E.Sun Financial Holding Co., Ltd. | 41,000 | 26,040 |
See Notes to Financial Statements.
82 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
December 31, 2017
Investments | Shares | Value | ||||||
Hon Hai Precision Industry Co., Ltd. | 33,000 | $ | 105,570 | |||||
Innolux Corp. | 42,000 | 17,501 | ||||||
MediaTek, Inc. | 5,000 | 49,398 | ||||||
Pegatron Corp. | 14,000 | 33,873 | ||||||
Quanta Computer, Inc. | 16,000 | 33,281 | ||||||
Taishin Financial Holding Co., Ltd. | 69,000 | 32,113 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 32,000 | 246,787 | ||||||
United Microelectronics Corp. | 53,000 | 25,290 | ||||||
Yuanta Financial Holding Co., Ltd. | 30,000 | 13,912 | ||||||
|
| |||||||
Total Taiwan | 874,239 | |||||||
Thailand – 0.1% | ||||||||
PTT Global Chemical PCL NVDR | �� | 29,700 | 77,462 | |||||
United Kingdom – 6.4% | ||||||||
Anglo American PLC | 4,683 | 98,160 | ||||||
AstraZeneca PLC | 2,672 | 185,101 | ||||||
Babcock International Group PLC | 7,336 | 70,012 | ||||||
BAE Systems PLC | 9,688 | 75,094 | ||||||
Barclays PLC | 35,278 | 96,924 | ||||||
BHP Billiton PLC | 6,412 | 132,059 | ||||||
BP PLC | 34,743 | 245,662 | ||||||
British American Tobacco PLC | 4,327 | 293,721 | ||||||
BT Group PLC | 21,975 | 80,767 | ||||||
Bunzl PLC | 3,052 | 85,544 | ||||||
Carnival PLC | 1,400 | 92,647 | ||||||
Centrica PLC | 24,159 | 44,871 | ||||||
Compass Group PLC | 6,354 | 137,526 | ||||||
Diageo PLC | 5,047 | 186,045 | ||||||
Fiat Chrysler Automobiles N.V.* | 3,120 | 55,860 | ||||||
GKN PLC | 19,880 | 85,895 | ||||||
GlaxoSmithKline PLC | 9,072 | 162,299 | ||||||
HSBC Holdings PLC | 36,171 | 375,247 | ||||||
Imperial Brands PLC | 2,632 | 112,724 | ||||||
Intertek Group PLC | 1,624 | 114,017 | ||||||
ITV PLC | 27,239 | 60,983 | ||||||
Kingfisher PLC | 16,248 | 74,225 | ||||||
Land Securities Group PLC | 6,034 | 82,278 | ||||||
Lloyds Banking Group PLC | 154,281 | 142,044 | ||||||
National Grid PLC | 9,716 | 115,017 | ||||||
Pennon Group PLC | 7,448 | 78,889 | ||||||
Prudential PLC | 6,692 | 172,497 | ||||||
Reckitt Benckiser Group PLC | 1,537 | 143,858 | ||||||
Rentokil Initial PLC | 32,671 | 140,542 | ||||||
Rio Tinto PLC | 3,360 | 179,173 | ||||||
Royal Dutch Shell PLC Class A | 16,685 | 559,752 | ||||||
Smith & Nephew PLC | 5,180 | 90,253 | ||||||
St. James’s Place PLC | 7,140 | 118,415 | ||||||
Standard Chartered PLC* | 6,429 | 67,844 | ||||||
Unilever N.V. CVA | 3,362 | 189,562 | ||||||
Unilever PLC | 2,908 | 162,289 | ||||||
Vodafone Group PLC | 57,035 | 181,312 | ||||||
|
| |||||||
Total United Kingdom | 5,289,108 | |||||||
United States – 55.8% | ||||||||
3M Co. | 980 | 230,663 | ||||||
Abbott Laboratories | 3,528 | 201,343 | ||||||
AbbVie, Inc. | 3,382 | 327,073 | ||||||
Activision Blizzard, Inc. | 2,156 | 136,518 | ||||||
Adobe Systems, Inc.* | 1,204 | 210,989 | ||||||
AES Corp. | 5,685 | 61,569 | ||||||
Aetna, Inc. | 818 | 147,559 | ||||||
Aflac, Inc. | 1,120 | 98,314 | ||||||
Agilent Technologies, Inc. | 1,670 | 111,840 | ||||||
Air Products & Chemicals, Inc. | 728 | 119,450 | ||||||
Alexion Pharmaceuticals, Inc.* | 588 | 70,319 | ||||||
Alliant Energy Corp. | 2,576 | 109,763 | ||||||
Allstate Corp. (The) | 982 | 102,825 | ||||||
Alphabet, Inc. Class A* | 797 | 839,560 | ||||||
Alphabet, Inc. Class C* | 323 | 337,987 | ||||||
Altria Group, Inc. | 3,530 | 252,077 | ||||||
Amazon.com, Inc.* | 755 | 882,950 | ||||||
American Airlines Group, Inc. | 1,356 | 70,553 | ||||||
American Express Co. | 1,568 | 155,718 | ||||||
American International Group, Inc. | 1,848 | 110,104 | ||||||
American Tower Corp. | 958 | 136,678 | ||||||
AmerisourceBergen Corp. | 770 | 70,701 | ||||||
Amgen, Inc. | 1,488 | 258,763 | ||||||
Anadarko Petroleum Corp. | 1,323 | 70,966 | ||||||
Analog Devices, Inc. | 1,288 | 114,671 | ||||||
ANSYS, Inc.* | 924 | 136,373 | ||||||
Anthem, Inc. | 616 | 138,606 | ||||||
Apache Corp. | 1,497 | 63,203 | ||||||
Apple, Inc. | 9,772 | 1,653,716 | ||||||
Applied Materials, Inc. | 3,484 | 178,102 | ||||||
Archer-Daniels-Midland Co. | 1,624 | 65,090 | ||||||
Arrow Electronics, Inc.* | 1,204 | 96,814 | ||||||
Arthur J. Gallagher & Co. | 1,624 | 102,767 | ||||||
Aspen Technology, Inc.* | 1,456 | 96,387 | ||||||
AT&T, Inc. | 11,424 | 444,165 | ||||||
Autodesk, Inc.* | 798 | 83,654 | ||||||
Automatic Data Processing, Inc. | 980 | 114,846 | ||||||
AvalonBay Communities, Inc. | 657 | 117,215 | ||||||
Baker Hughes Co. | 1,543 | 48,821 | ||||||
Bank of America Corp. | 19,676 | 580,836 | ||||||
Bank of New York Mellon Corp. (The) | 2,380 | 128,187 | ||||||
Baxter International, Inc. | 1,764 | 114,025 | ||||||
Becton, Dickinson and Co. | 802 | 171,654 | ||||||
Berkshire Hathaway, Inc. Class B* | 3,068 | 608,139 | ||||||
Biogen, Inc.* | 504 | 160,559 | ||||||
Boeing Co. (The) | 1,064 | 313,784 | ||||||
Boston Scientific Corp.* | 4,200 | 104,118 | ||||||
Brighthouse Financial, Inc.* | 1 | 59 | ||||||
Bristol-Myers Squibb Co. | 3,514 | 215,338 | ||||||
BWX Technologies, Inc. | 1,932 | 116,867 | ||||||
CA, Inc. | 2,828 | 94,116 | ||||||
Cabot Oil & Gas Corp. | 1,581 | 45,217 | ||||||
Capital One Financial Corp. | 1,316 | 131,047 | ||||||
Cardinal Health, Inc. | 1,176 | 72,054 | ||||||
CarMax, Inc.* | 701 | 44,955 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 83 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
December 31, 2017
Investments | Shares | Value | ||||||
Caterpillar, Inc. | 1,420 | $ | 223,764 | |||||
CBS Corp. Class B Non-Voting Shares | 1,260 | 74,340 | ||||||
CDW Corp. | 1,062 | 73,798 | ||||||
Celgene Corp.* | 1,925 | 200,893 | ||||||
Charles Schwab Corp. (The) | 2,632 | 135,206 | ||||||
Charter Communications, Inc. Class A* | 447 | 150,174 | ||||||
Chemours Co. (The) | 1,129 | 56,518 | ||||||
Chevron Corp. | 3,416 | 427,649 | ||||||
Chipotle Mexican Grill, Inc.* | 134 | 38,730 | ||||||
Church & Dwight Co., Inc. | 1,737 | 87,145 | ||||||
Cigna Corp. | 631 | 128,150 | ||||||
Cimarex Energy Co. | 571 | 69,668 | ||||||
Cisco Systems, Inc. | 9,968 | 381,774 | ||||||
CIT Group, Inc. | 1,632 | 80,343 | ||||||
Citigroup, Inc. | 5,032 | 374,431 | ||||||
Citizens Financial Group, Inc. | 2,212 | 92,860 | ||||||
Citrix Systems, Inc.* | 1,232 | 108,416 | ||||||
CME Group, Inc. | 672 | 98,146 | ||||||
Coca-Cola Co. (The) | 5,656 | 259,497 | ||||||
Cognizant Technology Solutions Corp. Class A | 1,764 | 125,279 | ||||||
Colgate-Palmolive Co. | 1,583 | 119,437 | ||||||
Comcast Corp. Class A | 8,904 | 356,605 | ||||||
Comerica, Inc. | 1,092 | 94,797 | ||||||
Conagra Brands, Inc. | 1,960 | 73,833 | ||||||
Concho Resources, Inc.* | 612 | 91,935 | ||||||
ConocoPhillips | 2,940 | 161,377 | ||||||
Constellation Brands, Inc. Class A | 455 | 103,999 | ||||||
Corning, Inc. | 3,752 | 120,026 | ||||||
Costco Wholesale Corp. | 741 | 137,915 | ||||||
Crown Castle International Corp. | 1,245 | 138,207 | ||||||
CSX Corp. | 2,156 | 118,602 | ||||||
Cummins, Inc. | 588 | 103,864 | ||||||
CVS Health Corp. | 2,212 | 160,370 | ||||||
D.R. Horton, Inc. | 2,356 | 120,321 | ||||||
DaVita, Inc.* | 884 | 63,869 | ||||||
Deere & Co. | 700 | 109,557 | ||||||
Delta Air Lines, Inc. | 2,044 | 114,464 | ||||||
Dentsply Sirona, Inc. | 1,065 | 70,109 | ||||||
Devon Energy Corp. | 1,976 | 81,806 | ||||||
Digital Realty Trust, Inc. | 515 | 58,658 | ||||||
Dollar General Corp. | 980 | 91,150 | ||||||
Dollar Tree, Inc.* | 807 | 86,599 | ||||||
Dover Corp. | 1,064 | 107,453 | ||||||
DowDuPont, Inc. | 4,914 | 349,975 | ||||||
Duke Energy Corp. | 1,372 | 115,399 | ||||||
DXC Technology Co. | 788 | 74,781 | ||||||
E*TRADE Financial Corp.* | 1,820 | 90,217 | ||||||
Eaton Vance Corp. | 1,960 | 110,524 | ||||||
eBay, Inc.* | 2,856 | 107,785 | ||||||
Electronic Arts, Inc.* | 924 | 97,075 | ||||||
Eli Lilly & Co. | 1,932 | 163,177 | ||||||
Emerson Electric Co. | 2,016 | 140,495 | ||||||
EOG Resources, Inc. | 1,118 | 120,643 | ||||||
EPR Properties | 1,344 | 87,978 | ||||||
Equinix, Inc. | 266 | 120,557 | ||||||
Estee Lauder Cos., Inc. (The) Class A | 936 | 119,097 | ||||||
Exelon Corp. | 2,576 | 101,520 | ||||||
Expeditors International of Washington, Inc. | 1,428 | 92,377 | ||||||
Express Scripts Holding Co.* | 1,652 | 123,305 | ||||||
Exxon Mobil Corp. | 7,644 | 639,344 | ||||||
F5 Networks, Inc.* | 603 | 79,126 | ||||||
Facebook, Inc. Class A* | 4,396 | 775,718 | ||||||
FedEx Corp. | 532 | 132,755 | ||||||
Fifth Third Bancorp | 3,500 | 106,190 | ||||||
First Republic Bank | 812 | 70,352 | ||||||
FirstEnergy Corp. | 2,296 | 70,304 | ||||||
FleetCor Technologies, Inc.* | 374 | 71,969 | ||||||
Fluor Corp. | 1,323 | 68,333 | ||||||
Ford Motor Co. | 9,744 | 121,703 | ||||||
Freeport-McMoRan, Inc.* | 4,167 | 79,006 | ||||||
Gartner, Inc.* | 756 | 93,101 | ||||||
General Dynamics Corp. | 644 | 131,022 | ||||||
General Electric Co. | 16,128 | 281,434 | ||||||
General Motors Co. | 2,382 | 97,638 | ||||||
Gentex Corp. | 4,088 | 85,644 | ||||||
Genuine Parts Co. | 1,036 | 98,430 | ||||||
Gilead Sciences, Inc. | 2,716 | 194,574 | ||||||
Goldman Sachs Group, Inc. (The) | 672 | 171,199 | ||||||
Great Plains Energy, Inc. | 2,660 | 85,758 | ||||||
Halliburton Co. | 2,677 | 130,825 | ||||||
Hartford Financial Services Group, Inc. (The) | 1,540 | 86,671 | ||||||
Hasbro, Inc. | 896 | 81,437 | ||||||
HCA Healthcare, Inc.* | 425 | 37,332 | ||||||
Healthcare Realty Trust, Inc. | 3,136 | 100,728 | ||||||
Hess Corp. | 1,527 | 72,487 | ||||||
Hewlett Packard Enterprise Co. | 4,424 | 63,529 | ||||||
Hexcel Corp. | 1,484 | 91,785 | ||||||
Home Depot, Inc. (The) | 2,268 | 429,854 | ||||||
Honeywell International, Inc. | 1,344 | 206,116 | ||||||
HP, Inc. | 4,104 | 86,225 | ||||||
Humana, Inc. | 364 | 90,297 | ||||||
Huntington Bancshares, Inc. | 6,076 | 88,467 | ||||||
Illumina, Inc.* | 406 | 88,707 | ||||||
Intel Corp. | 8,204 | 378,697 | ||||||
Intercontinental Exchange, Inc. | 1,260 | 88,906 | ||||||
International Business Machines Corp. | 1,566 | 240,256 | ||||||
International Paper Co. | 1,596 | 92,472 | ||||||
Intuit, Inc. | 840 | 132,535 | ||||||
Intuitive Surgical, Inc.* | 415 | 151,450 | ||||||
Investors Bancorp, Inc. | 6,972 | 96,771 | ||||||
IQVIA Holdings, Inc.* | 855 | 83,704 | ||||||
J.M. Smucker Co. (The) | 485 | 60,256 | ||||||
Jack Henry & Associates, Inc. | 1,176 | 137,545 | ||||||
Jacobs Engineering Group, Inc. | 1,428 | 94,191 | ||||||
Johnson & Johnson | 4,816 | 672,892 | ||||||
JPMorgan Chase & Co. | 6,272 | 670,728 | ||||||
KeyCorp | 4,312 | 86,973 | ||||||
Kimberly-Clark Corp. | 980 | 118,247 |
See Notes to Financial Statements.
84 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global ex-Mexico Equity Fund (XMX)
December 31, 2017
Investments | Shares | Value | ||||||
Kinder Morgan, Inc. | 4,806 | $ | 86,844 | |||||
Kraft Heinz Co. (The) | 1,036 | 80,559 | ||||||
Kroger Co. (The) | 2,070 | 56,821 | ||||||
Lear Corp. | 560 | 98,930 | ||||||
Liberty Interactive Corp., QVC Group Class A* | 2,647 | 64,640 | ||||||
Liberty Media Corp – Liberty SiriusXM Class A* | 1,972 | 78,210 | ||||||
Lincoln National Corp. | 1,148 | 88,247 | ||||||
LKQ Corp.* | 2,699 | 109,768 | ||||||
Lockheed Martin Corp. | 532 | 170,799 | ||||||
Lowe’s Cos., Inc. | 1,966 | 182,720 | ||||||
M&T Bank Corp. | 504 | 86,179 | ||||||
Marathon Petroleum Corp. | 1,512 | 99,762 | ||||||
MarketAxess Holdings, Inc. | 226 | 45,595 | ||||||
Marriott International, Inc. Class A | 1,052 | 142,788 | ||||||
Masco Corp. | 2,464 | 108,268 | ||||||
MasterCard, Inc. Class A | 1,820 | 275,475 | ||||||
Maxim Integrated Products, Inc. | 1,484 | 77,584 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 500 | 50,955 | ||||||
McDonald’s Corp. | 1,550 | 266,786 | ||||||
McKesson Corp. | 564 | 87,956 | ||||||
Merck & Co., Inc. | 5,180 | 291,479 | ||||||
MetLife, Inc. | 2,268 | 114,670 | ||||||
Mettler-Toledo International, Inc.* | 159 | 98,504 | ||||||
MGM Resorts International | 2,379 | 79,435 | ||||||
Microchip Technology, Inc. | 1,456 | 127,953 | ||||||
Micron Technology, Inc.* | 2,805 | 115,342 | ||||||
Microsoft Corp. | 14,560 | 1,245,462 | ||||||
Mohawk Industries, Inc.* | 420 | 115,878 | ||||||
Mondelez International, Inc. Class A | 3,194 | 136,703 | ||||||
Monsanto Co. | 992 | 115,846 | ||||||
Moody’s Corp. | 656 | 96,832 | ||||||
Morgan Stanley | 2,873 | 150,746 | ||||||
MSCI, Inc. | 917 | 116,037 | ||||||
National Retail Properties, Inc. | 1,904 | 82,120 | ||||||
Netflix, Inc.* | 853 | 163,742 | ||||||
Newell Brands, Inc. | 1,087 | 33,588 | ||||||
Newmont Mining Corp. | 1,491 | 55,942 | ||||||
NextEra Energy, Inc. | 980 | 153,066 | ||||||
NIKE, Inc. Class B | 2,981 | 186,462 | ||||||
Norfolk Southern Corp. | 728 | 105,487 | ||||||
Northrop Grumman Corp. | 448 | 137,496 | ||||||
Nucor Corp. | 1,288 | 81,891 | ||||||
NVIDIA Corp. | 1,225 | 237,037 | ||||||
O’Reilly Automotive, Inc.* | 369 | 88,759 | ||||||
Occidental Petroleum Corp. | 1,755 | 129,273 | ||||||
Omnicom Group, Inc. | 1,120 | 81,570 | ||||||
Oracle Corp. | 5,488 | 259,473 | ||||||
PayPal Holdings, Inc.* | 2,541 | 187,068 | ||||||
People’s United Financial, Inc. | 5,012 | 93,724 | ||||||
PepsiCo, Inc. | 2,184 | 261,905 | ||||||
Pfizer, Inc. | 11,424 | 413,777 | ||||||
PG&E Corp. | 1,456 | 65,272 | ||||||
Philip Morris International, Inc. | 2,622 | 277,014 | ||||||
Phillips 66 | 1,092 | 110,456 | ||||||
Pinnacle West Capital Corp. | 1,625 | 138,417 | ||||||
Pioneer Natural Resources Co. | 477 | 82,449 | ||||||
PNC Financial Services Group, Inc. (The) | 1,064 | 153,525 | ||||||
Pool Corp. | 420 | 54,453 | ||||||
Portland General Electric Co. | 2,476 | 112,856 | ||||||
PPG Industries, Inc. | 1,064 | 124,296 | ||||||
PPL Corp. | 2,363 | 73,135 | ||||||
Priceline Group, Inc. (The)* | 98 | 170,299 | ||||||
Principal Financial Group, Inc. | 1,596 | 112,614 | ||||||
Procter & Gamble Co. (The) | 4,732 | 434,776 | ||||||
Progressive Corp. (The) | 1,645 | 92,646 | ||||||
Prologis, Inc. | 2,112 | 136,245 | ||||||
Prudential Financial, Inc. | 1,120 | 128,778 | ||||||
Public Service Enterprise Group, Inc. | 2,016 | 103,824 | ||||||
Public Storage | 504 | 105,336 | ||||||
QUALCOMM, Inc. | 3,136 | 200,767 | ||||||
Raytheon Co. | 700 | 131,495 | ||||||
Realty Income Corp. | 1,456 | 83,021 | ||||||
Red Hat, Inc.* | 948 | 113,855 | ||||||
Regency Centers Corp. | 1,441 | 99,688 | ||||||
Regeneron Pharmaceuticals, Inc.* | 237 | 89,103 | ||||||
Regions Financial Corp. | 5,713 | 98,721 | ||||||
Rockwell Automation, Inc. | 700 | 137,445 | ||||||
Rockwell Collins, Inc. | 808 | 109,581 | ||||||
Roper Technologies, Inc. | 448 | 116,032 | ||||||
Ross Stores, Inc. | 1,377 | 110,504 | ||||||
S&P Global, Inc. | 813 | 137,722 | ||||||
salesforce.com, Inc.* | 1,680 | 171,746 | ||||||
SCANA Corp. | 1,260 | 50,123 | ||||||
Sempra Energy | 952 | 101,788 | ||||||
Service Corp. International | 2,996 | 111,811 | ||||||
Sherwin-Williams Co. (The) | 323 | 132,443 | ||||||
Simon Property Group, Inc. | 784 | 134,644 | ||||||
Snap-on, Inc. | 392 | 68,326 | ||||||
Southwest Airlines Co. | 1,400 | 91,630 | ||||||
Southwest Gas Holdings, Inc. | 924 | 74,364 | ||||||
Starbucks Corp. | 3,159 | 181,421 | ||||||
State Street Corp. | 1,064 | 103,857 | ||||||
Stryker Corp. | 728 | 112,724 | ||||||
SunTrust Banks, Inc. | 1,820 | 117,554 | ||||||
Synchrony Financial | 2,016 | 77,838 | ||||||
Synopsys, Inc.* | 1,820 | 155,137 | ||||||
Sysco Corp. | 1,293 | 78,524 | ||||||
T. Rowe Price Group, Inc. | 1,120 | 117,522 | ||||||
Target Corp. | 1,512 | 98,658 | ||||||
Tesla, Inc.* | 348 | 108,350 | ||||||
Texas Instruments, Inc. | 1,988 | 207,627 | ||||||
Thermo Fisher Scientific, Inc. | 835 | 158,550 | ||||||
Time Warner, Inc. | 1,540 | 140,864 | ||||||
Tractor Supply Co. | 900 | 67,275 | ||||||
Travelers Cos., Inc. (The) | 644 | 87,352 | ||||||
Twenty-First Century Fox, Inc. Class A | 3,808 | 131,490 | ||||||
U.S. Bancorp | 2,184 | 117,019 | ||||||
Union Pacific Corp. | 1,568 | 210,269 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 85 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Global ex-Mexico Equity Fund (XMX)
December 31, 2017
Investments | Shares | Value | ||||||
United Continental Holdings, Inc.* | 568 | $ | 38,283 | |||||
United Parcel Service, Inc. Class B | 824 | 98,180 | ||||||
United Technologies Corp. | 1,372 | 175,026 | ||||||
UnitedHealth Group, Inc. | 1,736 | 382,719 | ||||||
Unum Group | 1,848 | 101,437 | ||||||
Valero Energy Corp. | 1,204 | 110,660 | ||||||
Ventas, Inc. | 1,179 | 70,752 | ||||||
Verizon Communications, Inc. | 7,728 | 409,043 | ||||||
Vertex Pharmaceuticals, Inc.* | 716 | 107,300 | ||||||
Visa, Inc. Class A | 3,416 | 389,492 | ||||||
Vulcan Materials Co. | 560 | 71,887 | ||||||
W.W. Grainger, Inc. | 261 | 61,661 | ||||||
Wal-Mart Stores, Inc. | 2,489 | 245,789 | ||||||
Walgreens Boots Alliance, Inc. | 1,652 | 119,968 | ||||||
Walt Disney Co. (The) | 2,576 | 276,946 | ||||||
Wells Fargo & Co. | 8,144 | 494,096 | ||||||
Welltower, Inc. | 1,540 | 98,206 | ||||||
Western Digital Corp. | 868 | 69,032 | ||||||
Weyerhaeuser Co. | 3,080 | 108,601 | ||||||
Wynn Resorts Ltd. | 234 | 39,450 | ||||||
Zimmer Biomet Holdings, Inc. | 629 | 75,901 | ||||||
Zions Bancorp | 2,156 | 109,589 | ||||||
Zoetis, Inc. | 1,596 | 114,976 | ||||||
|
| |||||||
Total United States | 46,268,367 | |||||||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $77,119,318) | 82,812,254 | |||||||
Other Assets less Liabilities – 0.1% | 121,041 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 82,933,295 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 2017 (See Note 2). At December 31, 2017, the total market value of the Fund’s securities on loan was $220,520 and the total market value of the collateral held by the Fund was $231,466. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $231,466. |
(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. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
NVDR – Non-Voting Depositary Receipt
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Banco De Investimentos Credit Suisse (Brasil) S.A. | 1/3/2018 | 29,694 | USD | 98,286 | BRL | $ | 64 | $ | — | |||||||||||||||||||
Citibank N.A. | 1/3/2018 | 82,465 | USD | 88,650,447 | KRW | — | (343 | ) | ||||||||||||||||||||
State Street Bank and Trust | 1/2/2018 | 7,780 | USD | 31,726 | MYR | — | (60 | ) | ||||||||||||||||||||
$ | 64 | $ | (403 | ) |
CURRENCY LEGEND |
BRL – Brazilian real
KRW – South Korean won
MYR – Malaysian ringgit
USD – U.S. dollar
See Notes to Financial Statements.
86 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
December 31, 2017
Investments | Shares | Value | ||||||
EXCHANGE-TRADED FUND – 100.0% | ||||||||
United States – 100.0% | ||||||||
WisdomTree Global SmallCap Dividend Fund(a)(b) (Cost: $11,588,349) | 474,543 | $ | 15,693,137 | |||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 10.9% | ||||||||
United States – 10.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c) | ||||||||
(Cost: $1,711,125)(d) | 1,711,125 | 1,711,125 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 110.9% (Cost: $13,299,474) | $ | 17,404,262 | ||||||
Other Assets less Liabilities – (10.9)% | (1,709,026 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 15,695,236 |
(a) | Security, or portion thereof, was on loan at December 31, 2017 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of December 31, 2017. |
(d) | At December 31, 2017, the total market value of the Fund’s securities on loan was $1,676,649 and the total market value of the collateral held by the Fund was $1,711,125. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
BNP Paribas SA | 1/3/2018 | 40,000 | SEK | 4,879 | USD | $ | 6 | $ | — | |||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 186,150 | AUD | 145,593 | USD | 4 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 92,396 | CAD | 73,683 | USD | 61 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 106,435 | CZK | 5,006 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 85,595 | DKK | 13,804 | USD | 1 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 1,800 | DKK | 290 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 179,185 | EUR | 215,159 | USD | 6 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 157,835 | GBP | 213,504 | USD | 8 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 725,147 | HKD | 92,759 | USD | 3 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 609,104 | HUF | 2,358 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 133,269 | ILS | 38,385 | USD | 3 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 238,374 | MXN | 12,184 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 298,128 | NOK | 36,447 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 17,300 | NOK | 2,107 | USD | 8 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 841,573 | PHP | 16,865 | USD | — | (34 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 38,976 | PLN | 11,216 | USD | 1 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 572,016 | SEK | 69,868 | USD | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 23,740 | TRY | 6,259 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 146,748 | USD | 193,345 | AUD | — | (4,477 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 74,268 | USD | 95,623 | CAD | — | (2,052 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 5,006 | USD | 106,781 | CZK | — | (17 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 13,804 | USD | 85,961 | DKK | — | (60 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 216,867 | USD | 181,485 | EUR | — | (1,060 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 215,199 | USD | 158,775 | GBP | 416 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 93,495 | USD | 729,956 | HKD | 118 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 2,358 | USD | 617,532 | HUF | — | (32 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 38,690 | USD | 135,045 | ILS | — | (209 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 12,184 | USD | 227,915 | MXN | 535 | — | |||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 36,736 | USD | 304,194 | NOK | — | (454 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 11,216 | USD | 39,498 | PLN | — | (151 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 70,422 | USD | 585,315 | SEK | — | (1,067 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/3/2018 | 6,259 | USD | 24,696 | TRY | — | (252 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 13,017 | CHF | 13,358 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 5,181,884 | CLP | 8,426 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 68,850 | NZD | 48,965 | USD | 1 | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 47,310 | SGD | 35,400 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 18,702 | USD | 61,332 | BRL | 214 | — | |||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 13,358 | USD | 13,079 | CHF | — | (64 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 8,004 | USD | 5,181,884 | CLP | — | (422 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 49,353 | USD | 71,951 | NZD | — | (1,819 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 35,681 | USD | 48,054 | SGD | — | (278 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 23,500 | USD | 322,257 | ZAR | — | (2,526 | ) | ||||||||||||||||||||
Bank of America N.A. | 1/4/2018 | 288,709 | ZAR | 23,315 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 48,158,013 | JPY | 427,576 | USD | 14 | — |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 87 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 1/9/2018 | 430,969 | USD | 48,123,851 | JPY | $ | 3,682 | $ | — | |||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 152,961 | USD | 195,570 | AUD | — | (8 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 75,579 | USD | 94,653 | CAD | — | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 13,779 | USD | 13,401 | CHF | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 5,310 | USD | 112,739 | CZK | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 14,716 | USD | 91,091 | DKK | — | (2 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 219,703 | USD | 182,664 | EUR | — | (20 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 220,153 | USD | 162,597 | GBP | — | (13 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 96,573 | USD | 754,441 | HKD | 3 | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 2,337 | USD | 602,885 | HUF | — | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 39,291 | USD | 136,241 | ILS | 4 | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 11,375 | USD | 223,803 | MXN | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 37,565 | USD | 307,017 | NOK | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 53,712 | USD | 75,556 | NZD | — | (4 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 16,928 | USD | 843,849 | PHP | 30 | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 11,396 | USD | 39,603 | PLN | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 71,185 | USD | 581,794 | SEK | — | — | |||||||||||||||||||||
Bank of America N.A. | 2/2/2018 | 7,226 | USD | 27,658 | TRY | — | (2 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 9,698 | USD | 5,964,916 | CLP | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 439,251 | USD | 49,412,794 | JPY | — | (52 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 36,339 | USD | 48,543 | SGD | — | (2 | ) | ||||||||||||||||||||
Bank of America N.A. | 2/5/2018 | 27,126 | USD | 337,544 | ZAR | — | (2 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 186,149 | AUD | 145,593 | USD | 4 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 26,000 | AUD | 20,282 | USD | 54 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 3,483 | CAD | 2,050 | GBP | 6 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 1,111 | CAD | 6,900 | HKD | 4 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 3,205 | CAD | 50,050 | �� | MXN | — | — | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 92,321 | CAD | 73,683 | USD | 2 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 5,000 | CAD | 3,973 | USD | 18 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 106,433 | CZK | 5,006 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 85,592 | DKK | 13,804 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 179,184 | EUR | 215,159 | USD | 5 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 157,834 | GBP | 213,504 | USD | 5 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 725,143 | HKD | 92,759 | USD | 2 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 609,116 | HUF | 2,358 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 133,261 | ILS | 38,385 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 238,374 | MXN | 12,184 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 298,120 | NOK | 36,447 | USD | 1 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 38,975 | PLN | 11,216 | USD | 1 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 572,030 | SEK | 69,868 | USD | — | (2 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 1,600 | SGD | 1,196 | USD | 1 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 23,740 | TRY | 6,259 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 146,748 | USD | 193,343 | AUD | — | (4,475 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 74,268 | USD | 95,625 | CAD | — | (2,054 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 5,006 | USD | 107,150 | CZK | — | (34 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 13,804 | USD | 85,968 | DKK | — | (61 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 216,867 | USD | 181,482 | EUR | — | (1,057 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 215,199 | USD | 158,770 | GBP | 423 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 93,495 | USD | 729,941 | HKD | 120 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 2,358 | USD | 618,977 | HUF | — | (38 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 38,690 | USD | 135,039 | ILS | — | (208 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 12,184 | USD | 227,919 | MXN | 535 | — | |||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 36,736 | USD | 304,204 | NOK | — | (456 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 11,216 | USD | 39,497 | PLN | — | (151 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 70,422 | USD | 585,300 | SEK | — | (1,065 | ) | ||||||||||||||||||||
Bank of Montreal | 1/3/2018 | 6,259 | USD | 24,695 | TRY | — | (252 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 13,017 | CHF | 13,358 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 500 | CHF | 513 | USD | — | — | |||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 5,181,884 | CLP | 8,442 | USD | — | (16 | ) |
See Notes to Financial Statements.
88 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 68,850 | NZD | 48,965 | USD | $ | 1 | $ | — | |||||||||||||||||||
Bank of Montreal | 1/4/2018 | 47,306 | SGD | 35,400 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 18,704 | USD | 61,332 | BRL | 216 | — | |||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 13,358 | USD | 13,079 | CHF | — | (63 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 8,000 | USD | 5,181,884 | CLP | — | (426 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 49,353 | USD | 71,949 | NZD | — | (1,817 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 35,681 | USD | 48,056 | SGD | — | (279 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 23,500 | USD | 322,245 | ZAR | — | (2,525 | ) | ||||||||||||||||||||
Bank of Montreal | 1/4/2018 | 288,697 | ZAR | 23,315 | USD | 1 | — | |||||||||||||||||||||
Bank of Montreal | 1/9/2018 | 48,157,585 | JPY | 427,576 | USD | 11 | — | |||||||||||||||||||||
Bank of Montreal | 1/9/2018 | 430,969 | USD | 48,122,946 | JPY | 3,690 | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 152,961 | USD | 195,565 | AUD | — | (4 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 75,579 | USD | 94,654 | CAD | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 13,779 | USD | 13,401 | CHF | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 5,310 | USD | 112,885 | CZK | — | (8 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 14,716 | USD | 91,083 | DKK | — | (1 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 219,703 | USD | 182,657 | EUR | — | (12 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 220,153 | USD | 162,596 | GBP | — | (11 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 96,573 | USD | 754,486 | HKD | — | (3 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 2,337 | USD | 603,683 | HUF | — | (3 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 39,291 | USD | 136,249 | ILS | 1 | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 11,375 | USD | 223,781 | MXN | — | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 37,565 | USD | 307,008 | NOK | — | (2 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 53,712 | USD | 75,556 | NZD | — | (3 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 11,396 | USD | 39,608 | PLN | — | (3 | ) | ||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 71,185 | USD | 581,791 | SEK | — | — | |||||||||||||||||||||
Bank of Montreal | 2/2/2018 | 7,226 | USD | 27,657 | TRY | — | (2 | ) | ||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 9,690 | USD | 5,964,916 | CLP | — | (9 | ) | ||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 439,251 | USD | 49,409,939 | JPY | — | (27 | ) | ||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 36,339 | USD | 48,546 | SGD | — | (4 | ) | ||||||||||||||||||||
Bank of Montreal | 2/5/2018 | 27,126 | USD | 337,553 | ZAR | — | (3 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 7,128 | AUD | 5,502 | USD | 73 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 186,149 | AUD | 145,593 | USD | 4 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 3,535 | CAD | 2,784 | USD | 37 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 92,321 | CAD | 73,683 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 106,433 | CZK | 5,006 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 2,000 | CZK | 94 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 85,593 | DKK | 13,804 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 6,839 | EUR | 8,130 | USD | 82 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 179,184 | EUR | 215,159 | USD | 5 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 6,028 | GBP | 8,068 | USD | 86 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 157,833 | GBP | 213,504 | USD | 5 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 27,375 | HKD | 3,505 | USD | — | (3 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 725,143 | HKD | 92,759 | USD | 2 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 609,130 | HUF | 2,358 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 5,065 | ILS | 1,451 | USD | 8 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 133,256 | ILS | 38,385 | USD | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 238,380 | MXN | 12,184 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 11,447 | NOK | 1,377 | USD | 23 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 298,120 | NOK | 36,447 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 38,974 | PLN | 11,216 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 22,000 | SEK | 2,640 | USD | 47 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 572,030 | SEK | 69,868 | USD | — | (2 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/3/2018 | 23,738 | TRY | 6,259 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 13,017 | CHF | 13,358 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 5,181,884 | CLP | 8,426 | USD | — | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 2,635 | NZD | 1,850 | USD | 24 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 68,850 | NZD | 48,965 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 1,797 | SGD | 1,338 | USD | 7 | — |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 89 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 47,298 | SGD | 35,400 | USD | $ | — | $ | (7 | ) | ||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 11,059 | ZAR | 881 | USD | 12 | — | |||||||||||||||||||||
Barclays Bank PLC | 1/4/2018 | 288,672 | ZAR | 23,315 | USD | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 1/9/2018 | 48,157,029 | JPY | 427,576 | USD | 6 | — | |||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 152,961 | USD | 195,572 | AUD | — | (10 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 75,579 | USD | 94,660 | CAD | — | (6 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 13,779 | USD | 13,401 | CHF | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 5,310 | USD | 113,037 | CZK | — | (15 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 14,716 | USD | 91,086 | DKK | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 219,703 | USD | 182,658 | EUR | — | (13 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 220,153 | USD | 162,600 | GBP | — | (16 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 96,573 | USD | 754,580 | HKD | — | (15 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 2,337 | USD | 603,607 | HUF | — | (3 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 39,291 | USD | 136,257 | ILS | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 11,375 | USD | 223,785 | MXN | — | — | |||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 37,565 | USD | 307,233 | NOK | — | (29 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 53,712 | USD | 75,556 | NZD | — | (4 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 11,396 | USD | 39,602 | PLN | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 71,185 | USD | 581,864 | SEK | — | (9 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/2/2018 | 7,226 | USD | 27,666 | TRY | — | (4 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 9,690 | USD | 5,964,916 | CLP | — | (9 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 439,251 | USD | 49,411,301 | JPY | — | (39 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 36,339 | USD | 48,551 | SGD | — | (8 | ) | ||||||||||||||||||||
Barclays Bank PLC | 2/5/2018 | 27,126 | USD | 337,558 | ZAR | — | (3 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 146,748 | USD | 193,339 | AUD | — | (4,472 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 74,268 | USD | 95,626 | CAD | — | (2,054 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 5,006 | USD | 106,765 | CZK | — | (16 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 13,804 | USD | 85,981 | DKK | — | (63 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 216,867 | USD | 181,489 | EUR | — | (1,065 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 215,199 | USD | 158,771 | GBP | 422 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 93,495 | USD | 729,962 | HKD | 117 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 2,358 | USD | 617,522 | HUF | — | (32 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 38,690 | USD | 135,034 | ILS | — | (206 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 12,184 | USD | 227,914 | MXN | 535 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 36,736 | USD | 304,199 | NOK | — | (455 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 11,216 | USD | 39,498 | PLN | — | (151 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 70,422 | USD | 585,305 | SEK | — | (1,066 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/3/2018 | 6,259 | USD | 24,697 | TRY | — | (253 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/4/2018 | 18,705 | USD | 61,332 | BRL | 217 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/4/2018 | 13,358 | USD | 13,080 | CHF | — | (65 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/4/2018 | 8,000 | USD | 5,181,884 | CLP | — | (426 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/4/2018 | 49,353 | USD | 71,949 | NZD | — | (1,817 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/4/2018 | 35,681 | USD | 48,057 | SGD | — | (280 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/4/2018 | 23,500 | USD | 322,176 | ZAR | — | (2,520 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 1/9/2018 | 430,969 | USD | 48,126,308 | JPY | 3,660 | — | |||||||||||||||||||||
Goldman Sachs | 1/3/2018 | 2,300 | TRY | 607 | USD | — | — | |||||||||||||||||||||
HSBC Holdings PLC | 1/9/2018 | 1,824,884 | JPY | 16,157 | USD | 46 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 1/3/2018 | 5,163,787 | INR | 80,743 | USD | 99 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 1/3/2018 | 79,871 | USD | 5,163,787 | INR | — | (972 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 1/4/2018 | 625,005,972 | IDR | 46,143 | USD | — | (25 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 1/4/2018 | 160,090,012 | KRW | 149,953 | USD | — | (352 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 1/4/2018 | 46,085 | USD | 625,005,972 | IDR | — | (33 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 1/4/2018 | 147,106 | USD | 160,090,012 | KRW | — | (2,494 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 2/5/2018 | 45,220 | USD | 613,232,742 | IDR | — | (15 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 2/5/2018 | 84,240 | USD | 5,403,407 | INR | — | (141 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 2/5/2018 | 149,407 | USD | 159,461,743 | KRW | — | (14 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 146,748 | USD | 193,341 | AUD | — | (4,474 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 74,268 | USD | 95,623 | CAD | — | (2,052 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 5,006 | USD | 106,883 | CZK | — | (21 | ) |
See Notes to Financial Statements.
90 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 13,804 | USD | 85,962 | DKK | $ | — | $ | (60 | ) | ||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 216,867 | USD | 181,484 | EUR | — | (1,059 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 215,199 | USD | 158,765 | GBP | 430 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 93,495 | USD | 729,918 | HKD | 123 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 2,358 | USD | 618,131 | HUF | — | (35 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 38,690 | USD | 135,036 | ILS | — | (207 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 12,184 | USD | 227,915 | MXN | 535 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 36,736 | USD | 304,177 | NOK | — | (452 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 16,698 | USD | 841,573 | PHP | — | (134 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 11,216 | USD | 39,497 | PLN | — | (151 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 70,422 | USD | 585,279 | SEK | — | (1,063 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/3/2018 | 6,259 | USD | 24,696 | TRY | — | (252 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 119,123 | TWD | 3,990 | USD | 16 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 18,704 | USD | 61,332 | BRL | 216 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 13,358 | USD | 13,079 | CHF | — | (64 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 7,992 | USD | 5,181,884 | CLP | — | (434 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 50,278 | USD | 205,385 | MYR | — | (353 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 49,353 | USD | 71,952 | NZD | — | (1,819 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 35,681 | USD | 48,053 | SGD | — | (277 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 506,301 | USD | 15,153,601 | TWD | — | (3,273 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/4/2018 | 23,500 | USD | 322,314 | ZAR | — | (2,531 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 1/5/2018 | 107,854 | USD | 3,516,574 | THB | 14 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 1/9/2018 | 430,969 | USD | 48,120,791 | JPY | 3,709 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/2/2018 | 3,200 | ILS | 920 | USD | 2 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 186,149 | AUD | 145,593 | USD | 4 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 92,320 | CAD | 73,683 | USD | — | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 106,428 | CZK | 5,006 | USD | — | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 85,592 | DKK | 13,804 | USD | — | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 179,175 | EUR | 215,159 | USD | — | (5 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 157,834 | GBP | 213,504 | USD | 5 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 725,161 | HKD | 92,759 | USD | 5 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 609,147 | HUF | 2,358 | USD | — | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 42,000 | HUF | 162 | USD | — | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 133,259 | ILS | 38,385 | USD | — | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 238,374 | MXN | 12,184 | USD | — | (1 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 298,120 | NOK | 36,447 | USD | 1 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 38,975 | PLN | 11,216 | USD | 1 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 2,500 | PLN | 718 | USD | 2 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 572,030 | SEK | 69,868 | USD | — | (2 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 23,739 | TRY | 6,259 | USD | — | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 111,810 | USD | 147,304 | AUD | — | (3,403 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 56,587 | USD | 72,858 | CAD | — | (1,563 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 3,817 | USD | 81,401 | CZK | — | (12 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 10,521 | USD | 65,520 | DKK | — | (46 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 165,233 | USD | 138,273 | EUR | — | (805 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 163,962 | USD | 120,972 | GBP | 317 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 71,236 | USD | 556,155 | HKD | 92 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 1,801 | USD | 471,641 | HUF | — | (25 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 29,480 | USD | 102,894 | ILS | — | (158 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 9,284 | USD | 173,668 | MXN | 408 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 27,991 | USD | 231,779 | NOK | — | (346 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 8,549 | USD | 30,106 | PLN | — | (115 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 53,658 | USD | 445,975 | SEK | — | (812 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/3/2018 | 4,771 | USD | 18,824 | TRY | — | (192 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 13,018 | CHF | 13,358 | USD | — | — | |||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 5,181,884 | CLP | 8,426 | USD | — | — | |||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 205,385 | MYR | 50,606 | USD | 25 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 68,850 | NZD | 48,965 | USD | 1 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 47,306 | SGD | 35,400 | USD | — | (1 | ) |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 91 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 15,034,478 | TWD | 506,297 | USD | $ | — | $ | (728 | ) | ||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 14,252 | USD | 46,732 | BRL | 165 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 10,181 | USD | 9,969 | CHF | — | (48 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 6,097 | USD | 3,948,104 | CLP | — | (323 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 37,607 | USD | 54,825 | NZD | — | (1,384 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 27,190 | USD | 36,618 | SGD | — | (211 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 17,906 | USD | 245,545 | ZAR | — | (1,925 | ) | ||||||||||||||||||||
Royal Bank of Canada | 1/4/2018 | 288,695 | ZAR | 23,315 | USD | 1 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/5/2018 | 3,516,574 | THB | 107,831 | USD | 9 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/9/2018 | 48,157,371 | JPY | 427,576 | USD | 9 | — | |||||||||||||||||||||
Royal Bank of Canada | 1/9/2018 | 328,358 | USD | 36,665,275 | JPY | 2,811 | — | |||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 152,961 | USD | 195,567 | AUD | — | (6 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 75,579 | USD | 94,648 | CAD | 3 | — | |||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 13,779 | USD | 13,401 | CHF | — | (1 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 5,310 | USD | 112,777 | CZK | — | (3 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 14,716 | USD | 91,104 | DKK | — | (4 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 219,703 | USD | 182,652 | EUR | — | (6 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 220,153 | USD | 162,598 | GBP | — | (14 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 96,573 | USD | 754,571 | HKD | — | (14 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 2,337 | USD | 603,113 | HUF | — | (1 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 39,291 | USD | 136,268 | ILS | — | (4 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 11,375 | USD | 223,776 | MXN | — | — | |||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 37,565 | USD | 307,057 | NOK | — | (8 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 53,712 | USD | 75,554 | NZD | — | (2 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 11,396 | USD | 39,601 | PLN | — | (1 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 71,185 | USD | 581,831 | SEK | — | (5 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/2/2018 | 7,226 | USD | 27,659 | TRY | — | (2 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/5/2018 | 9,699 | USD | 5,964,916 | CLP | — | — | |||||||||||||||||||||
Royal Bank of Canada | 2/5/2018 | 439,251 | USD | 49,410,817 | JPY | — | (34 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/5/2018 | 36,339 | USD | 48,546 | SGD | — | (4 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/5/2018 | 108,381 | USD | 3,530,408 | THB | 37 | — | |||||||||||||||||||||
Royal Bank of Canada | 2/5/2018 | 509,297 | USD | 15,082,836 | TWD | — | (973 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/5/2018 | 27,126 | USD | 337,584 | ZAR | — | (5 | ) | ||||||||||||||||||||
Royal Bank of Canada | 2/6/2018 | 53,490 | USD | 217,197 | MYR | — | (26 | ) | ||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 141,824 | AUD | 110,928 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 70,343 | CAD | 56,143 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 81,149 | CZK | 3,817 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 65,234 | DKK | 10,521 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 4,100 | EUR | 4,919 | USD | 5 | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 136,521 | EUR | 163,935 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 120,254 | GBP | 162,674 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 552,488 | HKD | 70,675 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 465,256 | HUF | 1,801 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 101,536 | ILS | 29,249 | USD | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 181,646 | MXN | 9,284 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 227,141 | NOK | 27,770 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 29,706 | PLN | 8,549 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 435,853 | SEK | 53,234 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/3/2018 | 18,089 | TRY | 4,771 | USD | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 1/4/2018 | 9,921 | CHF | 10,181 | USD | — | �� | — | ||||||||||||||||||||
State Street Bank and Trust | 1/4/2018 | 3,948,104 | CLP | 6,414 | USD | 5 | — | |||||||||||||||||||||
State Street Bank and Trust | 1/4/2018 | 52,459 | NZD | 37,309 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/4/2018 | 36,050 | SGD | 26,976 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/4/2018 | 219,960 | ZAR | 17,765 | USD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 1/9/2018 | 36,690,509 | JPY | 325,773 | USD | — | (1 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 116,545 | USD | 149,000 | AUD | 1 | — | |||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 57,584 | USD | 72,117 | CAD | — | (1 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 10,501 | USD | 10,213 | CHF | — | — | |||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 4,046 | USD | 85,956 | CZK | — | (3 | ) |
See Notes to Financial Statements.
92 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
December 31, 2017
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 11,216 | USD | 69,421 | DKK | $ | — | $ | (1 | ) | ||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 167,397 | USD | 139,166 | EUR | — | (3 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 167,737 | USD | 123,879 | GBP | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 73,580 | USD | 574,850 | HKD | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 1,782 | USD | 459,719 | HUF | — | — | |||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 29,937 | USD | 103,827 | ILS | — | (3 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 8,670 | USD | 170,608 | MXN | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 28,624 | USD | 233,953 | NOK | — | (3 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 40,927 | USD | 57,569 | NZD | — | (1 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 8,683 | USD | 30,172 | PLN | — | — | |||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 54,239 | USD | 443,311 | SEK | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/2/2018 | 5,507 | USD | 21,082 | TRY | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/5/2018 | 7,383 | USD | 4,544,700 | CLP | — | (6 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/5/2018 | 334,669 | USD | 37,644,907 | JPY | — | (12 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/5/2018 | 27,691 | USD | 36,991 | SGD | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 2/5/2018 | 20,668 | USD | 257,176 | ZAR | — | (1 | ) | ||||||||||||||||||||
UBS AG | 1/4/2018 | 292,060 | BRL | 88,145 | USD | — | (108 | ) | ||||||||||||||||||||
UBS AG | 2/5/2018 | 89,851 | USD | 298,711 | BRL | 131 | — | |||||||||||||||||||||
$ | 24,828 | $ | (81,445 | ) |
CURRENCY LEGEND |
AUD – Australian dollar
BRL – Brazilian real
CAD – Canadian dollar
CHF – Swiss franc
CLP – Chilean peso
CZK – Czech koruna
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.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 93 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Global SmallCap Dividend Fund (GSD)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.2% | ||||||||
Australia – 4.6% | ||||||||
Altium Ltd. | 1,462 | $ | 15,186 | |||||
ARB Corp., Ltd. | 1,061 | 15,543 | ||||||
Bapcor Ltd. | 5,224 | 23,086 | ||||||
Beach Energy Ltd. | 26,109 | 25,424 | ||||||
Blackmores Ltd.(a) | 199 | 26,331 | ||||||
Breville Group Ltd. | 2,345 | 23,110 | ||||||
Brickworks Ltd. | 3,692 | 42,940 | ||||||
Cleanaway Waste Management Ltd. | 14,884 | 17,462 | ||||||
Corporate Travel Management Ltd. | 917 | 14,961 | ||||||
Costa Group Holdings Ltd. | 3,552 | 18,336 | ||||||
CSR Ltd. | 15,740 | 58,601 | ||||||
Fairfax Media Ltd. | 54,772 | 33,415 | ||||||
G8 Education Ltd. | 12,964 | 34,374 | ||||||
Genworth Mortgage Insurance Australia Ltd. | 8,758 | 20,550 | ||||||
GrainCorp Ltd. Class A | 4,466 | 28,608 | ||||||
IDP Education Ltd. | 3,266 | 15,710 | ||||||
Inghams Group Ltd.(a) | 6,701 | 17,925 | ||||||
Invocare Ltd. | 1,839 | 23,158 | ||||||
IRESS Ltd. | 3,673 | 33,268 | ||||||
Metcash Ltd. | 9,856 | 24,052 | ||||||
Monadelphous Group Ltd. | 1,713 | 23,273 | ||||||
MYOB Group Ltd. | 11,477 | 32,496 | ||||||
Navitas Ltd. | 5,070 | 21,612 | ||||||
New Hope Corp., Ltd. | 9,047 | 17,690 | ||||||
NIB Holdings Ltd. | 3,779 | 19,981 | ||||||
Nufarm Ltd. | 3,260 | 22,285 | ||||||
OZ Minerals Ltd. | 5,128 | 36,740 | ||||||
Perpetual Ltd. | 1,046 | 39,557 | ||||||
Premier Investments Ltd. | 1,873 | 21,755 | ||||||
Primary Health Care Ltd. | 5,722 | 16,201 | ||||||
Regis Resources Ltd. | 10,809 | 36,353 | ||||||
Reliance Worldwide Corp., Ltd.(a) | 5,600 | 17,082 | ||||||
St Barbara Ltd. | 6,774 | 20,239 | ||||||
Technology One Ltd. | 4,276 | 16,589 | ||||||
Vocus Group Ltd. | 20,587 | 48,789 | ||||||
|
| |||||||
Total Australia | 902,682 | |||||||
Belgium – 0.2% | ||||||||
Econocom Group S.A./N.V. | 2,596 | 18,570 | ||||||
Euronav N.V. | 3,146 | 29,028 | ||||||
|
| |||||||
Total Belgium | 47,598 | |||||||
Brazil – 0.5% | ||||||||
AES Tiete Energia S.A. | 5,400 | 20,756 | ||||||
Cia Hering | 3,600 | 27,805 | ||||||
Ez Tec Empreendimentos e Participacoes S.A. | 2,100 | 13,706 | ||||||
MRV Engenharia e Participacoes S.A. | 6,620 | 30,016 | ||||||
TOTVS S.A. | 1,529 | 13,778 | ||||||
|
| |||||||
Total Brazil | 106,061 | |||||||
Canada – 2.4% | ||||||||
Boralex, Inc. Class A | 700 | 13,129 | ||||||
CES Energy Solutions Corp. | 1,926 | 10,038 | ||||||
Cineplex, Inc.(a) | 1,700 | 50,649 | ||||||
EnerCare, Inc. | 2,231 | 36,520 | ||||||
Enerflex Ltd. | 900 | 11,019 | ||||||
Hudson’s Bay Co.(a) | 1,300 | 11,704 | ||||||
Innergex Renewable Energy, Inc.(a) | 2,000 | 22,986 | ||||||
Laurentian Bank of Canada | 468 | 21,115 | ||||||
Mullen Group Ltd. | 1,793 | 22,524 | ||||||
North West Co., Inc. (The) | 1,421 | 34,103 | ||||||
OceanaGold Corp. | 3,328 | 8,579 | ||||||
Pason Systems, Inc. | 731 | 10,612 | ||||||
Russel Metals, Inc. | 1,880 | 43,768 | ||||||
Secure Energy Services, Inc. | 2,244 | 15,689 | ||||||
ShawCor Ltd. | 900 | 19,696 | ||||||
Sleep Country Canada Holdings, Inc.(b) | 400 | 10,663 | ||||||
Superior Plus Corp. | 3,493 | 33,091 | ||||||
TransAlta Corp. | 6,929 | 41,200 | ||||||
Transcontinental, Inc. Class A | 900 | 17,843 | ||||||
Westshore Terminals Investment Corp. | 1,484 | 31,138 | ||||||
|
| |||||||
Total Canada | 466,066 | |||||||
Chile – 0.3% | ||||||||
Inversiones Aguas Metropolitanas S.A. | 9,052 | 17,191 | ||||||
Ripley Corp. S.A. | 19,878 | 21,600 | ||||||
Vina Concha y Toro S.A. | 11,461 | 21,704 | ||||||
|
| |||||||
Total Chile | 60,495 | |||||||
China – 2.2% | ||||||||
BAIC Motor Corp., Ltd. Class H(b) | 20,500 | 26,696 | ||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 10,000 | 13,585 | ||||||
China Communications Services Corp., Ltd. Class H | 34,000 | 22,791 | ||||||
China National Building Material Co., Ltd. Class H(a) | 26,000 | 23,249 | ||||||
China SCE Property Holdings Ltd. | 23,000 | 9,915 | ||||||
China Travel International Investment Hong Kong Ltd. | 54,000 | 20,102 | ||||||
Chongqing Rural Commercial Bank Co., Ltd. Class H | 25,000 | 17,653 | ||||||
Fufeng Group Ltd.* | 18,000 | 11,743 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(b) | 6,400 | 26,976 | ||||||
Golden Eagle Retail Group Ltd.(a) | 10,000 | 12,101 | ||||||
Huabao International Holdings Ltd. | 18,000 | 11,835 | ||||||
Huaneng Renewables Corp., Ltd. Class H | 42,000 | 14,238 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 24,000 | 36,534 | ||||||
Luye Pharma Group Ltd.(a) | 18,500 | 14,602 | ||||||
Red Star Macalline Group Corp., Ltd. Class H(b) | 12,400 | 20,082 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 16,000 | 11,646 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 6,900 | 18,668 | ||||||
Shougang Fushan Resources Group Ltd. | 108,000 | 23,210 | ||||||
Skyworth Digital Holdings Ltd. | 38,000 | 16,333 | ||||||
Tianneng Power International Ltd. | 12,000 | 12,465 | ||||||
Yanzhou Coal Mining Co., Ltd. Class H | 12,000 | 14,030 | ||||||
Yuexiu Transport Infrastructure Ltd. | 22,000 | 16,154 | ||||||
Zhejiang Expressway Co., Ltd. Class H | 24,000 | 26,372 | ||||||
Zijin Mining Group Co., Ltd. Class H | 58,000 | 21,887 | ||||||
|
| |||||||
Total China | 442,867 |
See Notes to Financial Statements.
94 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
December 31, 2017
Investments | Shares | Value | ||||||
Czech Republic – 0.1% | ||||||||
Moneta Money Bank AS(b) | 6,885 | $ | 26,685 | |||||
Denmark – 0.5% | ||||||||
Alm Brand A/S | 1,976 | 25,814 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 2,366 | 45,790 | ||||||
Spar Nord Bank A/S | 1,819 | 21,152 | ||||||
|
| |||||||
Total Denmark | 92,756 | |||||||
Finland – 0.4% | ||||||||
Ramirent Oyj | 2,935 | 27,525 | ||||||
Sanoma Oyj | 2,027 | 26,458 | ||||||
Uponor Oyj | 1,105 | 22,265 | ||||||
|
| |||||||
Total Finland | 76,248 | |||||||
France – 0.5% | ||||||||
Coface S.A. | 1,355 | 14,504 | ||||||
IPSOS | 634 | 23,372 | ||||||
Neopost S.A. | 1,662 | 47,898 | ||||||
Technicolor S.A. Registered Shares | 5,044 | 17,383 | ||||||
|
| |||||||
Total France | 103,157 | |||||||
Germany – 1.2% | ||||||||
BayWa AG | 508 | 19,563 | ||||||
Bilfinger SE | 728 | 34,587 | ||||||
CropEnergies AG | 1,228 | 11,486 | ||||||
ElringKlinger AG | 1,275 | 28,592 | ||||||
Indus Holding AG | 480 | 34,295 | ||||||
Kloeckner & Co. SE | 1,258 | 15,544 | ||||||
Pfeiffer Vacuum Technology AG | 176 | 33,001 | ||||||
TLG Immobilien AG | 1,011 | 26,884 | ||||||
VTG AG | 227 | 13,018 | ||||||
Washtec AG | 191 | 18,050 | ||||||
|
| |||||||
Total Germany | 235,020 | |||||||
Hong Kong – 0.6% | ||||||||
CP Pokphand Co., Ltd. | 254,000 | 20,145 | ||||||
Hong Kong Aircraft Engineering Co., Ltd. | 2,800 | 17,927 | ||||||
Kowloon Development Co., Ltd. | 31,000 | 32,835 | ||||||
Stella International Holdings Ltd. | 9,500 | 14,340 | ||||||
Television Broadcasts Ltd. | 10,700 | 38,462 | ||||||
|
| |||||||
Total Hong Kong | 123,709 | |||||||
Hungary – 0.1% | ||||||||
Magyar Telekom Telecommunications PLC | 9,193 | 16,298 | ||||||
Indonesia – 0.3% | ||||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 67,100 | 11,870 | ||||||
Indo Tambangraya Megah Tbk PT | 12,500 | 19,071 | ||||||
Japfa Comfeed Indonesia Tbk PT | 83,400 | 7,991 | ||||||
Media Nusantara Citra Tbk PT | 129,900 | 12,303 | ||||||
|
| |||||||
Total Indonesia | 51,235 | |||||||
Ireland – 0.2% | ||||||||
C&C Group PLC | 9,549 | 32,680 | ||||||
Irish Continental Group PLC | 1,927 | 13,328 | ||||||
|
| |||||||
Total Ireland | 46,008 | |||||||
Israel – 1.2% | ||||||||
Amot Investments Ltd. | 5,800 | 34,834 | ||||||
First International Bank of Israel Ltd. | 1,245 | 25,878 | ||||||
Gazit-Globe Ltd. | 3,342 | 35,541 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 5,454 | 40,045 | ||||||
Oil Refineries Ltd. | 85,687 | 41,071 | ||||||
Shapir Engineering and Industry Ltd. | 6,669 | 26,817 | ||||||
Shufersal Ltd. | 3,868 | 25,737 | ||||||
|
| |||||||
Total Israel | 229,923 | |||||||
Italy – 1.1% | ||||||||
Banca Popolare di Sondrio SCPA | 4,948 | 18,086 | ||||||
CIR-Compagnie Industriali Riunite SpA | 12,519 | 17,513 | ||||||
Ei Towers SpA | 385 | 24,734 | ||||||
Maire Tecnimont SpA(a) | 3,250 | 16,851 | ||||||
MARR SpA | 1,532 | 39,589 | ||||||
OVS SpA(b) | 3,001 | 20,018 | ||||||
Piaggio & C. SpA | 3,783 | 10,448 | ||||||
RAI Way SpA(b) | 4,860 | 29,617 | ||||||
Salini Impregilo SpA | 4,050 | 15,650 | ||||||
Societa Cattolica di Assicurazioni SC | 1,608 | 17,475 | ||||||
|
| |||||||
Total Italy | 209,981 | |||||||
Japan – 13.4% | ||||||||
Adastria Co., Ltd. | 1,000 | 20,231 | ||||||
ADEKA Corp. | 1,800 | 31,718 | ||||||
Alpine Electronics, Inc. | 800 | 16,568 | ||||||
Amano Corp. | 1,200 | 31,393 | ||||||
Anritsu Corp. | 1,500 | 16,964 | ||||||
AOKI Holdings, Inc. | 2,100 | 30,871 | ||||||
Aoyama Trading Co., Ltd. | 1,400 | 52,321 | ||||||
Arcs Co., Ltd. | 800 | 18,663 | ||||||
ASKUL Corp. | 600 | 17,017 | ||||||
Autobacs Seven Co., Ltd. | 1,700 | 32,627 | ||||||
Benefit One, Inc. | 600 | 12,565 | ||||||
Capcom Co., Ltd. | 700 | 22,215 | ||||||
Ci:z Holdings Co., Ltd. | 400 | 20,417 | ||||||
Cocokara fine, Inc. | 300 | 19,387 | ||||||
COLOPL, Inc.(a) | 1,200 | 13,039 | ||||||
Cosmo Energy Holdings Co., Ltd. | 900 | 33,995 | ||||||
Daikyo, Inc. | 800 | 15,510 | ||||||
Daikyonishikawa Corp. | 700 | 11,334 | ||||||
Daio Paper Corp.(a) | 1,100 | 14,549 | ||||||
Daishi Bank Ltd. (The) | 300 | 13,662 | ||||||
DCM Holdings Co., Ltd. | 2,600 | 24,234 | ||||||
Dip Corp. | 600 | 15,510 | ||||||
Doutor Nichires Holdings Co., Ltd. | 600 | 14,823 | ||||||
Exedy Corp. | 1,200 | 37,124 | ||||||
Fancl Corp. | 800 | 23,648 | ||||||
Fujitec Co., Ltd. | 1,000 | 14,443 | ||||||
Fukuyama Transporting Co., Ltd. | 500 | 18,908 | ||||||
Hanwa Co., Ltd. | 700 | 32,375 | ||||||
Hazama Ando Corp. | 2,900 | 22,706 | ||||||
Heiwa Corp. | 2,400 | 45,081 | ||||||
Heiwado Co., Ltd. | 600 | 12,479 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 95 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
December 31, 2017
Investments | Shares | Value | ||||||
Hogy Medical Co., Ltd. | 200 | $ | 15,162 | |||||
Hokuetsu Kishu Paper Co., Ltd. | 2,500 | 14,936 | ||||||
Hyakugo Bank Ltd. (The) | 3,200 | 15,254 | ||||||
Inaba Denki Sangyo Co., Ltd. | 400 | 18,677 | ||||||
Itochu Enex Co., Ltd. | 1,500 | 14,461 | ||||||
Iwatani Corp. | 500 | 16,112 | ||||||
Japan Aviation Electronics Industry Ltd. | 1,000 | 16,929 | ||||||
Juroku Bank Ltd. (The) | 400 | 11,789 | ||||||
Kanematsu Corp. | 1,300 | 17,980 | ||||||
Keihin Corp. | 900 | 18,328 | ||||||
Keiyo Bank Ltd. (The) | 3,000 | 13,742 | ||||||
Kintetsu World Express, Inc. | 800 | 16,589 | ||||||
Komeri Co., Ltd. | 500 | 14,470 | ||||||
Kumagai Gumi Co., Ltd. | 600 | 16,778 | ||||||
KYB Corp. | 300 | 17,550 | ||||||
Kyoritsu Maintenance Co., Ltd. | 500 | 20,217 | ||||||
Leopalace21 Corp. | 2,500 | 19,441 | ||||||
Life Corp. | 500 | 13,493 | ||||||
Makino Milling Machine Co., Ltd. | 2,000 | 20,257 | ||||||
Maruha Nichiro Corp. | 400 | 12,073 | ||||||
Matsui Securities Co., Ltd. | 3,300 | 27,859 | ||||||
Megmilk Snow Brand Co., Ltd. | 500 | 14,802 | ||||||
Meitec Corp. | 600 | 31,531 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 500 | 14,669 | ||||||
Mochida Pharmaceutical Co., Ltd. | 500 | 38,304 | ||||||
Nachi-Fujikoshi Corp. | 4,000 | 26,844 | ||||||
NEC Networks & System Integration Corp. | 800 | 21,056 | ||||||
Nichias Corp. | 2,000 | 26,649 | ||||||
Nichiha Corp. | 300 | 12,583 | ||||||
Nihon Kohden Corp. | 600 | 13,928 | ||||||
Nihon Unisys Ltd. | 1,500 | 31,238 | ||||||
Nikkon Holdings Co., Ltd. | 1,200 | 33,822 | ||||||
Nippon Flour Mills Co., Ltd. | 3,000 | 46,019 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 10,500 | 29,920 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 800 | 48,575 | ||||||
Nippon Suisan Kaisha Ltd. | 2,300 | 12,026 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 1,500 | 17,976 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 600 | 16,192 | ||||||
Nishimatsu Construction Co., Ltd. | 1,100 | 30,857 | ||||||
Nissan Shatai Co., Ltd. | 1,500 | 15,340 | ||||||
Nisshin Steel Co., Ltd. | 1,500 | 24,660 | ||||||
Nissin Electric Co., Ltd. | 1,200 | 13,965 | ||||||
Nissin Kogyo Co., Ltd. | 800 | 15,858 | ||||||
Noevir Holdings Co., Ltd. | 700 | 51,949 | ||||||
Obara Group, Inc. | 200 | 13,724 | ||||||
Okamura Corp. | 1,300 | 19,007 | ||||||
Okasan Securities Group, Inc. | 3,500 | 21,687 | ||||||
OKUMA Corp. | 300 | 19,947 | ||||||
Okumura Corp. | 1,000 | 41,190 | ||||||
Onward Holdings Co., Ltd. | 4,000 | 34,656 | ||||||
Paramount Bed Holdings Co., Ltd. | 300 | 14,860 | ||||||
Parco Co., Ltd. | 1,300 | 17,933 | ||||||
Penta-Ocean Construction Co., Ltd. | 2,900 | 21,624 | ||||||
Resorttrust, Inc. | 1,600 | 36,375 | ||||||
Ryosan Co., Ltd. | 600 | 23,063 | ||||||
Seiren Co., Ltd. | 700 | 13,714 | ||||||
Senko Group Holdings Co., Ltd. | 2,900 | 20,955 | ||||||
Ship Healthcare Holdings, Inc. | 400 | 13,262 | ||||||
SKY Perfect JSAT Holdings, Inc. | 9,700 | 44,431 | ||||||
Starts Corp., Inc. | 700 | 18,331 | ||||||
Sumitomo Bakelite Co., Ltd. | 2,000 | 16,831 | ||||||
Sumitomo Osaka Cement Co., Ltd. | 6,000 | 28,921 | ||||||
T-Gaia Corp. | 1,500 | 34,860 | ||||||
Tadano Ltd. | 1,600 | 26,574 | ||||||
Taiyo Holdings Co., Ltd. | 400 | 17,825 | ||||||
Taiyo Yuden Co., Ltd. | 900 | 14,029 | ||||||
Takara Holdings, Inc. | 1,800 | 21,028 | ||||||
Takasago Thermal Engineering Co., Ltd. | 1,000 | 18,331 | ||||||
TechnoPro Holdings, Inc. | 400 | 21,731 | ||||||
Toagosei Co., Ltd. | 1,100 | 14,012 | ||||||
Toho Holdings Co., Ltd. | 800 | 18,095 | ||||||
TOKAI Holdings Corp. | 3,000 | 25,513 | ||||||
Tokai Rika Co., Ltd. | 1,500 | 31,585 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 3,800 | 24,524 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 400 | 17,275 | ||||||
Tokyo Seimitsu Co., Ltd. | 600 | 23,755 | ||||||
Topcon Corp. | 600 | 12,980 | ||||||
Toppan Forms Co., Ltd. | 1,600 | 18,123 | ||||||
Topre Corp. | 500 | 14,181 | ||||||
Toshiba Plant Systems & Services Corp. | 1,000 | 18,660 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 4,000 | 23,684 | ||||||
Toyobo Co., Ltd. | 1,400 | 25,440 | ||||||
TPR Co., Ltd. | 400 | 13,262 | ||||||
Trusco Nakayama Corp. | 500 | 14,581 | ||||||
Tsubakimoto Chain Co. | 3,000 | 24,234 | ||||||
Unipres Corp. | 500 | 13,471 | ||||||
United Arrows Ltd. | 400 | 16,245 | ||||||
United Super Markets Holdings, Inc. | 1,600 | 16,249 | ||||||
Ushio, Inc. | 1,300 | 18,591 | ||||||
Valor Holdings Co., Ltd. | 900 | 21,044 | ||||||
Yoshinoya Holdings Co., Ltd. | 1,200 | 20,378 | ||||||
|
| |||||||
Total Japan | 2,648,008 | |||||||
Malaysia – 0.3% | ||||||||
Alliance Bank Malaysia Bhd | 14,000 | 14,114 | ||||||
Malakoff Corp. Bhd | 65,800 | 15,934 | ||||||
QL Resources Bhd | 20,000 | 21,497 | ||||||
Top Glove Corp. Bhd | 8,100 | 15,992 | ||||||
|
| |||||||
Total Malaysia | 67,537 | |||||||
Mexico – 0.4% | ||||||||
Banregio Grupo Financiero S.A.B. de C.V. | 2,030 | 11,138 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 5,700 | 29,619 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.* | 16,500 | 17,499 | ||||||
Megacable Holdings S.A.B. de C.V. Series CPO | 3,600 | 14,722 | ||||||
|
| |||||||
Total Mexico | 72,978 | |||||||
Netherlands – 1.3% | ||||||||
Arcadis N.V. | 1,393 | 31,874 |
See Notes to Financial Statements.
96 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
December 31, 2017
Investments | Shares | Value | ||||||
Corbion N.V. | 1,112 | $ | 36,053 | |||||
ForFarmers N.V. | 875 | 10,969 | ||||||
Intertrust N.V.(b) | 1,923 | 36,092 | ||||||
Koninklijke BAM Groep N.V. | 3,029 | 13,934 | ||||||
PostNL N.V. | 11,929 | 58,386 | ||||||
Refresco Group N.V.(b) | 1,144 | 27,199 | ||||||
Rhi Magnesita N.V.* | 462 | 24,191 | ||||||
Van Lanschot Kempen N.V. | 478 | 15,010 | ||||||
|
| |||||||
Total Netherlands | 253,708 | |||||||
New Zealand – 1.7% | ||||||||
Chorus Ltd. | 14,705 | 43,924 | ||||||
EBOS Group Ltd. | 2,656 | 35,040 | ||||||
Genesis Energy Ltd. | 47,518 | 85,163 | ||||||
Infratil Ltd. | 16,973 | 40,076 | ||||||
Kiwi Property Group Ltd. | 30,158 | 30,135 | ||||||
Mainfreight Ltd. | 627 | 11,322 | ||||||
SKYCITY Entertainment Group Ltd. | 21,611 | 63,785 | ||||||
Trade Me Group Ltd. | 7,740 | 26,643 | ||||||
|
| |||||||
Total New Zealand | 336,088 | |||||||
Norway – 1.1% | ||||||||
Atea ASA* | 3,200 | 45,187 | ||||||
Borregaard ASA | 1,927 | 19,201 | ||||||
Grieg Seafood ASA | 2,775 | 24,512 | ||||||
Kongsberg Gruppen ASA | 1,874 | 34,596 | ||||||
Ocean Yield ASA | 4,490 | 38,151 | ||||||
Veidekke ASA | 3,522 | 39,938 | ||||||
XXL ASA(b) | 2,084 | 21,657 | ||||||
|
| |||||||
Total Norway | 223,242 | |||||||
Philippines – 0.1% | ||||||||
D&L Industries, Inc. | 57,600 | 12,761 | ||||||
Poland – 0.1% | ||||||||
Asseco Poland S.A. | 815 | 10,315 | ||||||
Eurocash S.A. | 1,235 | 9,408 | ||||||
|
| |||||||
Total Poland | 19,723 | |||||||
Portugal – 0.7% | ||||||||
Altri, SGPS, S.A. | 5,283 | 32,804 | ||||||
Corticeira Amorim, SGPS, S.A. | 1,306 | 16,153 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 15,347 | 45,684 | ||||||
Semapa-Sociedade de Investimento e Gestao | 2,012 | 42,993 | ||||||
|
| |||||||
Total Portugal | 137,634 | |||||||
Singapore – 1.2% | ||||||||
Bukit Sembawang Estates Ltd. | 3,600 | 16,890 | ||||||
GuocoLand Ltd. | 13,800 | 23,131 | ||||||
Ho Bee Land Ltd. | 7,300 | 13,438 | ||||||
IGG, Inc.(a) | 18,000 | 19,434 | ||||||
Keppel Infrastructure Trust | 114,300 | 49,179 | ||||||
M1 Ltd.(a) | 31,300 | 41,690 | ||||||
OUE Ltd. | 10,400 | 14,552 | ||||||
Raffles Medical Group Ltd.(a) | 24,700 | 20,700 | ||||||
United Engineers Ltd. | 13,800 | 27,261 | ||||||
Wheelock Properties Singapore Ltd. | 11,600 | 16,492 | ||||||
|
| |||||||
Total Singapore | 242,767 | |||||||
South Africa – 0.9% | ||||||||
African Rainbow Minerals Ltd. | 2,044 | 22,164 | ||||||
Barloworld Ltd. | 2,526 | 32,556 | ||||||
Coronation Fund Managers Ltd. | 4,887 | 29,172 | ||||||
EOH Holdings Ltd. | 1,605 | 8,743 | ||||||
Hyprop Investments Ltd. | 3,508 | 33,238 | ||||||
Pioneer Foods Group Ltd. | 1,771 | 19,610 | ||||||
Tsogo Sun Holdings Ltd. | 15,477 | 30,454 | ||||||
|
| |||||||
Total South Africa | 175,937 | |||||||
South Korea – 0.9% | ||||||||
Cheil Worldwide, Inc. | 1,037 | 20,536 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 1,260 | 18,066 | ||||||
Grand Korea Leisure Co., Ltd. | 837 | 22,869 | ||||||
Hyundai Department Store Co., Ltd. | 285 | 27,820 | ||||||
Hyundai Wia Corp. | 228 | 13,843 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 349 | 13,236 | ||||||
LOTTE Himart Co., Ltd. | 302 | 19,436 | ||||||
LS Industrial Systems Co., Ltd. | 474 | 28,824 | ||||||
SKC Co., Ltd. | 312 | 13,698 | ||||||
|
| |||||||
Total South Korea | 178,328 | |||||||
Spain – 0.9% | ||||||||
Almirall S.A.(a) | 2,230 | 22,359 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 294 | 12,067 | ||||||
Ence Energia y Celulosa S.A. | 3,928 | 25,942 | ||||||
Euskaltel S.A.(b) | 3,942 | 32,179 | ||||||
Parques Reunidos Servicios Centrales SAU(b) | 1,180 | 21,042 | ||||||
Tecnicas Reunidas S.A.(a) | 1,684 | 53,506 | ||||||
|
| |||||||
Total Spain | 167,095 | |||||||
Sweden – 2.1% | ||||||||
AddTech AB Class B | 1,106 | 24,247 | ||||||
AF AB Class B | 632 | 13,964 | ||||||
Ahlstrom-Munksjo Oyj* | 1,371 | 29,913 | ||||||
Attendo AB(b) | 1,062 | 11,408 | ||||||
Betsson AB* | 4,320 | 31,922 | ||||||
Bilia AB Class A | 1,704 | 16,650 | ||||||
Bonava AB Class B | 1,702 | 23,823 | ||||||
Bravida Holding AB(b) | 2,018 | 13,519 | ||||||
Clas Ohlson AB Class B | 1,530 | 21,023 | ||||||
Fagerhult AB | 801 | 9,832 | ||||||
Hemfosa Fastigheter AB | 2,507 | 33,651 | ||||||
Kungsleden AB | 2,888 | 20,988 | ||||||
Mycronic AB(a) | 1,267 | 13,154 | ||||||
NetEnt AB* | 3,750 | 25,878 | ||||||
Nobia AB | 3,712 | 31,464 | ||||||
Nolato AB Class B | 253 | 16,655 | ||||||
Ratos AB Class B | 3,099 | 13,566 | ||||||
Resurs Holding AB(b) | 2,226 | 15,837 | ||||||
Scandic Hotels Group AB(b) | 1,574 | 22,637 | ||||||
Wihlborgs Fastigheter AB | 1,166 | 27,955 | ||||||
|
| |||||||
Total Sweden | 418,086 | |||||||
Switzerland – 0.7% | ||||||||
ALSO Holding AG Registered Shares* | 95 | 13,063 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 97 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
December 31, 2017
Investments | Shares | Value | ||||||
Bobst Group S.A. Registered Shares | 147 | $ | 19,550 | |||||
Bossard Holding AG Registered Shares Class A | 46 | 10,857 | ||||||
Huber + Suhner AG Registered Shares | 279 | 14,558 | ||||||
Oriflame Holding AG | 1,348 | 55,698 | ||||||
u-blox Holding AG* | 78 | 15,352 | ||||||
|
| |||||||
Total Switzerland | 129,078 | |||||||
Taiwan – 3.3% | ||||||||
Accton Technology Corp. | 6,000 | 21,372 | ||||||
Acer, Inc.* | 33,000 | 26,781 | ||||||
Chicony Electronics Co., Ltd. | 12,230 | 30,823 | ||||||
Chroma ATE, Inc. | 3,000 | 16,331 | ||||||
CTCI Corp. | 10,000 | 15,172 | ||||||
Elite Material Co., Ltd. | 4,000 | 13,643 | ||||||
Giant Manufacturing Co., Ltd. | 5,000 | 27,471 | ||||||
HannStar Display Corp. | 43,000 | 14,363 | ||||||
Hota Industrial Manufacturing Co., Ltd. | 2,000 | 9,880 | ||||||
Kenda Rubber Industrial Co., Ltd. | 12,000 | 15,142 | ||||||
King Yuan Electronics Co., Ltd. | 24,000 | 24,396 | ||||||
King’s Town Bank Co., Ltd. | 21,000 | 26,287 | ||||||
LCY Chemical Corp. | 14,000 | 22,817 | ||||||
Long Chen Paper Co., Ltd. | 8,000 | 11,251 | ||||||
Merry Electronics Co., Ltd. | 3,000 | 19,608 | ||||||
Micro-Star International Co., Ltd. | 15,000 | 38,611 | ||||||
Primax Electronics Ltd. | 5,000 | 13,274 | ||||||
Qisda Corp. | 37,000 | 26,297 | ||||||
Radiant Opto-Electronics Corp. | 12,000 | 28,509 | ||||||
Realtek Semiconductor Corp. | 12,000 | 43,954 | ||||||
Synnex Technology International Corp. | 38,700 | 52,734 | ||||||
Taiwan Secom Co., Ltd. | 12,000 | 36,937 | ||||||
Teco Electric and Machinery Co., Ltd. | 24,000 | 22,985 | ||||||
Tong Yang Industry Co., Ltd. | 6,000 | 11,613 | ||||||
Transcend Information, Inc. | 8,000 | 22,232 | ||||||
Tripod Technology Corp. | 6,000 | 18,751 | ||||||
Walsin Lihwa Corp. | 51,000 | 30,163 | ||||||
Wan Hai Lines Ltd. | 22,000 | 14,231 | ||||||
|
| |||||||
Total Taiwan | 655,628 | |||||||
Thailand – 0.6% | ||||||||
Bangchak Corp. PCL NVDR | 29,300 | 36,636 | ||||||
Hana Microelectronics PCL NVDR | 13,100 | 17,887 | ||||||
Jasmine International PCL NVDR | 93,900 | 20,457 | ||||||
Kiatnakin Bank PCL NVDR | 7,800 | 18,967 | ||||||
TTW PCL NVDR | 53,400 | 20,646 | ||||||
|
| |||||||
Total Thailand | 114,593 | |||||||
Turkey – 0.2% | ||||||||
Soda Sanayii AS | 12,214 | 16,236 | ||||||
TAV Havalimanlari Holding AS | 4,632 | 27,438 | ||||||
|
| |||||||
Total Turkey | 43,674 | |||||||
United Kingdom – 6.7% | ||||||||
AA PLC | 22,817 | 52,472 | ||||||
Ascential PLC | 4,401 | 22,939 | ||||||
Big Yellow Group PLC | 2,289 | 26,924 | ||||||
Bovis Homes Group PLC | 2,869 | 45,486 | ||||||
Card Factory PLC | 14,816 | 59,145 | ||||||
Computacenter PLC | 2,547 | 39,726 | ||||||
Cranswick PLC | 445 | 20,088 | ||||||
Crest Nicholson Holdings PLC | 7,482 | 55,161 | ||||||
Dairy Crest Group PLC(a) | 3,160 | 24,644 | ||||||
Diploma PLC | 1,838 | 31,005 | ||||||
Drax Group PLC | 6,213 | 22,743 | ||||||
Dunelm Group PLC | 4,250 | 39,813 | ||||||
Elementis PLC | 12,770 | 49,768 | ||||||
Essentra PLC | 5,530 | 39,610 | ||||||
esure Group PLC | 6,050 | 20,338 | ||||||
FDM Group Holdings PLC | 1,291 | 16,303 | ||||||
Fidessa Group PLC | 442 | 15,133 | ||||||
Galliford Try PLC | 3,250 | 56,538 | ||||||
Genus PLC | 634 | 21,707 | ||||||
Go-Ahead Group PLC | 1,473 | 29,670 | ||||||
Greggs PLC | 1,431 | 27,082 | ||||||
Hill & Smith Holdings PLC | 1,113 | 20,160 | ||||||
Ibstock PLC(b) | 7,685 | 27,705 | ||||||
J D Wetherspoon PLC | 1,496 | 25,438 | ||||||
James Halstead PLC | 2,820 | 17,166 | ||||||
John Laing Group PLC(b) | 4,437 | 17,646 | ||||||
Just Group PLC | 8,580 | 19,778 | ||||||
Marshalls PLC | 3,198 | 19,679 | ||||||
McCarthy & Stone PLC(b) | 12,691 | 27,091 | ||||||
Millennium & Copthorne Hotels PLC | 1,934 | 15,305 | ||||||
Morgan Advanced Materials PLC | 6,627 | 30,238 | ||||||
N Brown Group PLC | 6,890 | 25,230 | ||||||
OneSavings Bank PLC | 2,213 | 12,352 | ||||||
Pets at Home Group PLC | 12,038 | 28,726 | ||||||
Polypipe Group PLC | 3,346 | 17,797 | ||||||
PZ Cussons PLC | 5,514 | 24,130 | ||||||
QinetiQ Group PLC | 10,607 | 33,160 | ||||||
Renewi PLC | 13,710 | 19,158 | ||||||
Safestore Holdings PLC | 3,256 | 22,005 | ||||||
Savills PLC | 1,655 | 22,231 | ||||||
Senior PLC | 5,579 | 19,675 | ||||||
SIG PLC | 5,868 | 13,987 | ||||||
Spire Healthcare Group PLC(b) | 5,663 | 19,427 | ||||||
SuperGroup PLC | 1,182 | 31,611 | ||||||
TBC Bank Group PLC | 524 | 12,405 | ||||||
Ted Baker PLC | 553 | 20,280 | ||||||
Telecom Plus PLC | 1,117 | 18,147 | ||||||
Ultra Electronics Holdings PLC | 1,289 | 23,487 | ||||||
Virgin Money Holdings UK PLC | 3,313 | 12,737 | ||||||
|
| |||||||
Total United Kingdom | 1,313,046 | |||||||
United States – 46.2% | ||||||||
1st Source Corp. | 427 | 21,115 | ||||||
AAON, Inc. | 1,008 | 36,994 | ||||||
AAR Corp. | 702 | 27,582 | ||||||
Acushnet Holdings Corp. | 3,436 | 72,431 | ||||||
ADTRAN, Inc. | 1,702 | 32,934 | ||||||
Agree Realty Corp. | 1,436 | 73,868 |
See Notes to Financial Statements.
98 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Global SmallCap Dividend Fund (GSD)
December 31, 2017
Investments | Shares | Value | ||||||
Alamo Group, Inc. | 127 | $ | 14,334 | |||||
Albany International Corp. Class A | 788 | 48,423 | ||||||
Altra Industrial Motion Corp. | 838 | 42,235 | ||||||
American Assets Trust, Inc. | 1,749 | 66,882 | ||||||
American States Water Co. | 1,386 | 80,263 | ||||||
Ameris Bancorp | 398 | 19,184 | ||||||
AMERISAFE, Inc. | 1,503 | 92,585 | ||||||
Apogee Enterprises, Inc. | 786 | 35,944 | ||||||
Arch Coal, Inc. Class A | 526 | 49,002 | ||||||
Artisan Partners Asset Management, Inc. Class A | 4,075 | 160,962 | ||||||
Atrion Corp. | 28 | 17,657 | ||||||
AZZ, Inc. | 315 | 16,096 | ||||||
Badger Meter, Inc. | 651 | 31,118 | ||||||
BancFirst Corp. | 568 | 29,053 | ||||||
Beneficial Bancorp, Inc. | 1,483 | 24,395 | ||||||
Berkshire Hills Bancorp, Inc. | 931 | 34,075 | ||||||
Bloomin’ Brands, Inc. | 4,150 | 88,561 | ||||||
Bob Evans Farms, Inc. | 714 | 56,277 | ||||||
Boston Private Financial Holdings, Inc. | 2,758 | 42,611 | ||||||
Brady Corp. Class A | 2,215 | 83,948 | ||||||
Brinker International, Inc. | 4,792 | 186,121 | ||||||
Brookline Bancorp, Inc. | 2,118 | 33,253 | ||||||
Calavo Growers, Inc. | 501 | 42,284 | ||||||
Caleres, Inc. | 1,114 | 37,297 | ||||||
Calgon Carbon Corp. | 1,235 | 26,305 | ||||||
California Water Service Group | 1,850 | 83,897 | ||||||
Callaway Golf Co. | 911 | 12,690 | ||||||
Camping World Holdings, Inc. Class A | 474 | 21,202 | ||||||
CareTrust REIT, Inc. | 3,412 | 57,185 | ||||||
CBL & Associates Properties, Inc.(a) | 23,725 | 134,283 | ||||||
CenterState Bank Corp. | 566 | 14,563 | ||||||
Cheesecake Factory, Inc. (The)(a) | 2,645 | 127,436 | ||||||
Chesapeake Lodging Trust | 4,292 | 116,270 | ||||||
Chesapeake Utilities Corp. | 515 | 40,453 | ||||||
Chico’s FAS, Inc. | 12,779 | 112,711 | ||||||
City Holding Co. | 458 | 30,901 | ||||||
Coca-Cola Bottling Co. Consolidated | 82 | 17,651 | ||||||
Cohen & Steers, Inc. | 1,996 | 94,391 | ||||||
Comfort Systems USA, Inc. | 778 | 33,960 | ||||||
CONMED Corp. | 925 | 47,147 | ||||||
Consolidated Communications Holdings, Inc. | 9,712 | 118,389 | ||||||
Cooper Tire & Rubber Co. | 1,374 | 48,571 | ||||||
Core-Mark Holding Co., Inc. | 1,157 | 36,538 | ||||||
Covanta Holding Corp.(a) | 17,443 | 294,787 | ||||||
CSG Systems International, Inc. | 793 | 34,749 | ||||||
Cubic Corp. | 346 | 20,397 | ||||||
Deltic Timber Corp. | 184 | 16,845 | ||||||
Diebold Nixdorf, Inc. | 4,578 | 74,850 | ||||||
Dillard’s, Inc. Class A(a) | 409 | 24,560 | ||||||
DSW, Inc. Class A | 3,342 | 71,552 | ||||||
Emerald Expositions Events, Inc. | 1,214 | 24,693 | ||||||
Employers Holdings, Inc. | 420 | 18,648 | ||||||
EnPro Industries, Inc. | 521 | 48,719 | ||||||
Ensign Group, Inc. (The) | 654 | 14,519 | ||||||
ESCO Technologies, Inc. | 408 | 24,582 | ||||||
Exponent, Inc. | 588 | 41,807 | ||||||
FBL Financial Group, Inc. Class A | 1,200 | 83,580 | ||||||
Federal Signal Corp. | 1,675 | 33,651 | ||||||
First Busey Corp. | 1,040 | 31,138 | ||||||
First Commonwealth Financial Corp. | 2,640 | 37,805 | ||||||
First Financial Bancorp | 1,911 | 50,355 | ||||||
First Interstate BancSystem, Inc. Class A | 796 | 31,880 | ||||||
Forward Air Corp. | 722 | 41,472 | ||||||
Four Corners Property Trust, Inc. | 2,943 | 75,635 | ||||||
Franklin Street Properties Corp. | 2,261 | 24,283 | ||||||
Getty Realty Corp. | 1,842 | 50,029 | ||||||
Global Net Lease, Inc. | 3,410 | 70,178 | ||||||
Government Properties Income Trust | 4,023 | 74,586 | ||||||
Greenbrier Cos., Inc. (The) | 1,070 | 57,031 | ||||||
Greif, Inc. Class A | 1,603 | 97,110 | ||||||
Group 1 Automotive, Inc. | 698 | 49,537 | ||||||
Guess?, Inc. | 9,819 | 165,745 | ||||||
Heartland Financial USA, Inc. | 339 | 18,187 | ||||||
Hecla Mining Co. | 2,557 | 10,151 | ||||||
HFF, Inc. Class A | 1,708 | 83,077 | ||||||
HNI Corp. | 2,481 | 95,692 | ||||||
Horace Mann Educators Corp. | 1,285 | 56,668 | ||||||
Independent Bank Group, Inc. | 233 | 15,751 | ||||||
Innospec, Inc. | 672 | 47,443 | ||||||
Insperity, Inc. | 1,268 | 72,720 | ||||||
Inter Parfums, Inc. | 1,070 | 46,491 | ||||||
Interface, Inc. | 1,699 | 42,730 | ||||||
Kadant, Inc. | 220 | 22,088 | ||||||
Kaiser Aluminum Corp. | 706 | 75,436 | ||||||
Kaman Corp. | 939 | 55,251 | ||||||
Kearny Financial Corp. | 810 | 11,705 | ||||||
Kite Realty Group Trust | 6,530 | 127,988 | ||||||
La-Z-Boy, Inc. | 1,187 | 37,034 | ||||||
Lakeland Financial Corp. | 516 | 25,021 | ||||||
LegacyTexas Financial Group, Inc. | 914 | 38,580 | ||||||
LTC Properties, Inc. | 2,461 | 107,177 | ||||||
ManTech International Corp. Class A | 1,022 | 51,294 | ||||||
Marten Transport Ltd. | 595 | 12,079 | ||||||
Matson, Inc. | 1,352 | 40,344 | ||||||
MDC Holdings, Inc. | 3,383 | 107,850 | ||||||
Methode Electronics, Inc. | 682 | 27,348 | ||||||
Mobile Mini, Inc. | 1,599 | 55,165 | ||||||
Moelis & Co. Class A | 980 | 47,530 | ||||||
Monmouth Real Estate Investment Corp. Class A | 3,691 | 65,700 | ||||||
Monro, Inc. | 1,047 | 59,627 | ||||||
Multi-Color Corp. | 163 | 12,201 | ||||||
National Storage Affiliates Trust | 2,331 | 63,543 | ||||||
NBT Bancorp, Inc. | 1,316 | 48,429 | ||||||
Neenah Paper, Inc. | 650 | 58,922 | ||||||
Nelnet, Inc. Class A | 437 | 23,939 | ||||||
NIC, Inc. | 7,109 | 118,009 | ||||||
Northwest Bancshares, Inc. | 4,126 | 69,028 | ||||||
Northwest Natural Gas Co. | 1,573 | 93,829 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 99 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Global SmallCap Dividend Fund (GSD)
December 31, 2017
Investments | Shares | Value | ||||||
NRG Yield, Inc. Class C | 7,135 | $ | 134,851 | |||||
Nutrisystem, Inc. | 753 | 39,608 | ||||||
Otter Tail Corp. | 2,175 | 96,679 | ||||||
Owens & Minor, Inc. | 4,971 | 93,852 | ||||||
Oxford Industries, Inc. | 685 | 51,505 | ||||||
Park National Corp. | 611 | 63,544 | ||||||
Plantronics, Inc. | 1,076 | 54,209 | ||||||
Primoris Services Corp. | 926 | 25,178 | ||||||
Progress Software Corp. | 1,243 | 52,915 | ||||||
Provident Financial Services, Inc. | 2,140 | 57,716 | ||||||
Quaker Chemical Corp. | 276 | 41,618 | ||||||
Raven Industries, Inc. | 1,201 | 41,254 | ||||||
RE/MAX Holdings, Inc. Class A | 340 | 16,490 | ||||||
Red Rock Resorts, Inc. Class A | 2,195 | 74,059 | ||||||
REV Group, Inc. | 824 | 26,805 | ||||||
S&T Bancorp, Inc. | 866 | 34,475 | ||||||
Safety Insurance Group, Inc. | 602 | 48,401 | ||||||
Saul Centers, Inc. | 992 | 61,256 | ||||||
Schweitzer-Mauduit International, Inc. | 777 | 35,245 | ||||||
Shenandoah Telecommunications Co. | 742 | 25,080 | ||||||
Simmons First National Corp. Class A | 642 | 36,658 | ||||||
SJW Group | 609 | 38,872 | ||||||
SM Energy Co. | 1,421 | 31,376 | ||||||
Southside Bancshares, Inc. | 1,085 | 36,543 | ||||||
Standex International Corp. | 211 | 21,490 | ||||||
State Auto Financial Corp. | 908 | 26,441 | ||||||
Steelcase, Inc. Class A | 4,184 | 63,597 | ||||||
Stepan Co. | 479 | 37,827 | ||||||
Summit Hotel Properties, Inc. | 5,085 | 77,445 | ||||||
Sun Hydraulics Corp. | 373 | 24,129 | ||||||
TeleTech Holdings, Inc. | 1,093 | 43,993 | ||||||
Tennant Co. | 537 | 39,013 | ||||||
Terreno Realty Corp. | 1,429 | 50,101 | ||||||
Time, Inc. | 4,228 | 78,007 | ||||||
Tompkins Financial Corp. | 419 | 34,086 | ||||||
Tootsie Roll Industries, Inc.(a) | 809 | 29,448 | ||||||
Triumph Group, Inc. | 578 | 15,722 | ||||||
U.S. Ecology, Inc. | 760 | 38,760 | ||||||
Union Bankshares Corp. | 1,194 | 43,187 | ||||||
United Fire Group, Inc. | 749 | 34,139 | ||||||
Universal Corp. | 1,136 | 59,640 | ||||||
Viad Corp. | 315 | 17,451 | ||||||
Virtu Financial, Inc. Class A(a) | 3,513 | 64,288 | ||||||
Wabash National Corp. | 1,463 | 31,747 | ||||||
Waddell & Reed Financial, Inc. Class A | 8,610 | 192,347 | ||||||
Warrior Met Coal, Inc. | 576 | 14,486 | ||||||
Washington Prime Group, Inc. | 24,896 | 177,260 | ||||||
Watts Water Technologies, Inc. Class A | 700 | 53,165 | ||||||
WD-40 Co. | 503 | 59,354 | ||||||
Weis Markets, Inc. | 564 | 23,344 | ||||||
WesBanco, Inc. | 1,281 | 52,073 | ||||||
Westamerica Bancorporation(a) | 815 | 48,533 | ||||||
Winnebago Industries, Inc. | 618 | 34,361 | ||||||
WSFS Financial Corp. | 254 | 12,154 | ||||||
|
| |||||||
Total United States | 9,116,554 | |||||||
TOTAL COMMON STOCKS (Cost: $17,319,915) | 19,563,254 | |||||||
RIGHTS – 0.0% | ||||||||
Australia – 0.0% | ||||||||
Cleanaway Waste Management Ltd., expiring 1/19/18* | ||||||||
(Cost $0) | 4,077 | 478 | ||||||
EXCHANGE-TRADED NOTE – 0.5% | ||||||||
United States – 0.5% | ||||||||
iPath MSCI India Index ETN* (Cost: $91,676) | 1,170 | 103,335 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.2% | ||||||||
United States – 3.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c) | ||||||||
(Cost: $625,240)(d) | 625,240 | 625,240 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.9% (Cost: $18,036,831) | 20,292,307 | |||||||
Other Assets less Liabilities – (2.9)% | (566,809 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 19,725,498 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 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 December 31, 2017. |
(d) | At December 31, 2017, the total market value of the Fund’s securities on loan was $844,061 and the total market value of the collateral held by the Fund was $885,355. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $260,115. |
ETN – Exchange-Traded Note
NVDR – Non-Voting Depositary Receipt
See Notes to Financial Statements.
100 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 97.7% | ||||||||
China – 97.7% | ||||||||
Aerospace & Defense – 0.5% | ||||||||
AECC Aero-Engine Control Co., Ltd. Class A | 400 | $ | 939 | |||||
AECC Aviation Power Co., Ltd. Class A | 900 | 3,722 | ||||||
AVIC Aircraft Co., Ltd. Class A | 1,200 | 3,112 | ||||||
AVIC Electromechanical Systems Co., Ltd. Class A | 800 | 1,326 | ||||||
AVIC Helicopter Co., Ltd. Class A | 300 | 2,144 | ||||||
China Aerospace Times Electronics Co., Ltd. Class A* | 1,600 | 1,926 | ||||||
China Avionics Systems Co., Ltd. Class A | 400 | 841 | ||||||
China Spacesat Co., Ltd. Class A | 600 | 2,326 | ||||||
|
| |||||||
Total Aerospace & Defense | 16,336 | |||||||
Air Freight & Logistics – 0.2% | ||||||||
Shenzhen Feima International Supply Chain Co., Ltd. Class A | 400 | 760 | ||||||
STO Express Co., Ltd. Class A | 300 | 1,138 | ||||||
ZTO Express Cayman, Inc. ADR* | 259 | 4,105 | ||||||
|
| |||||||
Total Air Freight & Logistics | 6,003 | |||||||
Airlines – 0.7% | ||||||||
Air China Ltd. Class A | 1,500 | 2,838 | ||||||
Air China Ltd. Class H | 2,000 | 2,425 | ||||||
China Eastern Airlines Corp., Ltd. Class A | 4,600 | 5,799 | ||||||
China Southern Airlines Co., Ltd. Class A | 2,900 | 5,308 | ||||||
China Southern Airlines Co., Ltd. Class H | 2,000 | 2,065 | ||||||
Hainan Airlines Holding Co., Ltd. Class A | 6,700 | 3,282 | ||||||
Juneyao Airlines Co., Ltd. Class A | 500 | 1,175 | ||||||
|
| |||||||
Total Airlines | 22,892 | |||||||
Auto Components – 0.9% | ||||||||
Anhui Zhongding Sealing Parts Co., Ltd. Class A | 700 | 1,953 | ||||||
China Shipbuilding Industry Group Power Co., Ltd. Class A | 300 | 1,143 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class A | 1,300 | 5,789 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(a) | 800 | 3,372 | ||||||
Huayu Automotive Systems Co., Ltd. Class A | 1,300 | 5,925 | ||||||
Ningbo Joyson Electronic Corp. Class A | 400 | 2,019 | ||||||
Wanxiang Qianchao Co., Ltd. Class A | 1,300 | 2,026 | ||||||
Weifu High-Technology Group Co., Ltd. Class A | 500 | 1,843 | ||||||
Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd. Class A | 700 | 2,208 | ||||||
Zhejiang Wanfeng Auto Wheel Co., Ltd. Class A | 1,100 | 3,024 | ||||||
|
| |||||||
Total Auto Components | 29,302 | |||||||
Automobiles – 2.6% | ||||||||
Anhui Jianghuai Automobile Group Corp., Ltd. Class A | 900 | 1,308 | ||||||
Beiqi Foton Motor Co., Ltd. Class A | 4,600 | 1,978 | ||||||
Brilliance China Automotive Holdings Ltd. | 4,000 | 10,694 | ||||||
BYD Co., Ltd. Class A | 700 | 6,993 | ||||||
BYD Co., Ltd. Class H | 1,000 | 8,712 | ||||||
Chongqing Changan Automobile Co., Ltd. Class A | 1,900 | 3,676 | ||||||
Chongqing Changan Automobile Co., Ltd. Class B | 800 | 880 | ||||||
Dongfeng Motor Group Co., Ltd. Class H | 4,000 | 4,841 | ||||||
Geely Automobile Holdings Ltd. | 5,000 | 17,333 | ||||||
Great Wall Motor Co., Ltd. Class A | 900 | 1,589 | ||||||
Great Wall Motor Co., Ltd. Class H | 3,500 | 4,007 | ||||||
Guangzhou Automobile Group Co., Ltd. Class A | 247 | 935 | ||||||
Guangzhou Automobile Group Co., Ltd. Class H | 2,000 | 4,738 | ||||||
SAIC Motor Corp., Ltd. Class A | 2,800 | 13,974 | ||||||
|
| |||||||
Total Automobiles | 81,658 | |||||||
Banks – 16.3% | ||||||||
Agricultural Bank of China Ltd. Class A | 34,200 | 20,115 | ||||||
Agricultural Bank of China Ltd. Class H | 26,000 | 12,106 | ||||||
Bank of China Ltd. Class A | 20,500 | 12,529 | ||||||
Bank of China Ltd. Class H | 74,000 | 36,350 | ||||||
Bank of Communications Co., Ltd. Class A | 19,400 | 18,500 | ||||||
Bank of Communications Co., Ltd. Class H | 21,000 | 15,581 | ||||||
China CITIC Bank Corp., Ltd. Class A | 3,000 | 2,856 | ||||||
China CITIC Bank Corp., Ltd. Class H | 12,000 | 7,522 | ||||||
China Construction Bank Corp. Class A | 6,900 | 8,148 | ||||||
China Construction Bank Corp. Class H | 102,000 | 93,946 | ||||||
China Merchants Bank Co., Ltd. Class A | 15,400 | 68,628 | ||||||
China Merchants Bank Co., Ltd. Class H | 4,000 | 15,913 | ||||||
China Minsheng Banking Corp., Ltd. Class A | 25,500 | 32,854 | ||||||
China Minsheng Banking Corp., Ltd. Class H | 6,500 | 6,511 | ||||||
Industrial & Commercial Bank of China Ltd. Class A | 20,900 | 19,899 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 76,000 | 61,152 | ||||||
Industrial Bank Co., Ltd. Class A | 15,100 | 39,420 | ||||||
Shanghai Pudong Development Bank Co., Ltd. Class A | 17,100 | 33,060 | ||||||
|
| |||||||
Total Banks | 505,090 | |||||||
Beverages – 3.0% | ||||||||
China Resources Beer Holdings Co., Ltd. | 2,000 | 7,176 | ||||||
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A | 600 | 10,596 | ||||||
Kweichow Moutai Co., Ltd. Class A | 400 | 42,783 | ||||||
Luzhou Laojiao Co., Ltd. Class A | 700 | 7,095 | ||||||
Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A | 300 | 2,625 | ||||||
Tsingtao Brewery Co., Ltd. Class A | 300 | 1,812 | ||||||
Wuliangye Yibin Co., Ltd. Class A | 1,700 | 20,853 | ||||||
|
| |||||||
Total Beverages | 92,940 | |||||||
Biotechnology – 0.4% | ||||||||
3SBio, Inc.*(a) | 1,500 | 2,944 | ||||||
Beijing SL Pharmaceutical Co., Ltd. Class A | 400 | 1,902 | ||||||
Beijing Tiantan Biological Products Corp., Ltd. Class A | 200 | 884 | ||||||
Hualan Biological Engineering, Inc. Class A | 500 | 2,064 | ||||||
Jinyu Bio-Technology Co., Ltd. Class A | 700 | 3,410 | ||||||
Shanghai RAAS Blood Products Co., Ltd. Class A | 900 | 2,743 | ||||||
|
| |||||||
Total Biotechnology | 13,947 | |||||||
Building Products – 0.1% | ||||||||
Beijing New Building Materials PLC Class A | 800 | 2,764 | ||||||
Beijing Shouhang Resources Saving Co., Ltd. Class A | 1,100 | 1,125 | ||||||
|
| |||||||
Total Building Products | 3,889 | |||||||
Capital Markets – 0.9% | ||||||||
CITIC Securities Co., Ltd. Class A | 7,700 | 21,367 | ||||||
CITIC Securities Co., Ltd. Class H | 2,500 | 5,155 | ||||||
|
| |||||||
Total Capital Markets | 26,522 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 101 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
December 31, 2017
Investments | Shares | Value | ||||||
Chemicals – 1.8% | ||||||||
CEFC Anhui International Holding Co., Ltd. Class A | 800 | $ | 869 | |||||
China Hainan Rubber Industry Group Co., Ltd. Class A* | 1,100 | 939 | ||||||
Do-Fluoride Chemicals Co., Ltd. Class A | 600 | 1,881 | ||||||
Hengyi Petrochemical Co., Ltd. Class A | 300 | 994 | ||||||
Hongda Xingye Co., Ltd. Class A | 900 | 945 | ||||||
Hubei Biocause Pharmaceutical Co., Ltd. Class A | 1,100 | 1,351 | ||||||
Hubei Kaile Science & Technology Co., Ltd. Class A* | 400 | 1,785 | ||||||
Jiangsu Bicon Pharmaceutical Listed Co. Class A | 200 | 819 | ||||||
Kangde Xin Composite Material Group Co., Ltd. Class A | 2,500 | 8,523 | ||||||
Kingfa Sci & Tech Co., Ltd. Class A | 1,400 | 1,413 | ||||||
Lomon Billions Group Co., Ltd. Class A | 500 | 1,230 | ||||||
Luxi Chemical Group Co., Ltd. Class A* | 1,000 | 2,445 | ||||||
Ningbo Shanshan Co., Ltd. Class A | 600 | 1,786 | ||||||
North Huajin Chemical Industries Co., Ltd. Class A | 800 | 1,171 | ||||||
Qinghai Salt Lake Industry Co., Ltd. Class A | 1,400 | 2,991 | ||||||
Rongsheng Petro Chemical Co., Ltd. Class A | 800 | 1,763 | ||||||
Shandong Hualu Hengsheng Chemical Co., Ltd. Class A | 1,100 | 2,694 | ||||||
Sichuan Hebang Biotechnology Co., Ltd. Class A | 2,900 | 891 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. Class A | 1,800 | 1,752 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 4,000 | 2,277 | ||||||
Tangshan Sanyou Chemical Industries Co., Ltd. Class A | 900 | 1,325 | ||||||
Tianqi Lithium Corp. Class A | 600 | 4,910 | ||||||
Tongkun Group Co., Ltd. Class A | 600 | 2,074 | ||||||
Xinjiang Zhongtai Chemical Co., Ltd. Class A | 1,200 | 2,453 | ||||||
Zhejiang Longsheng Group Co., Ltd. Class A | 2,200 | 3,956 | ||||||
Zhejiang Runtu Co., Ltd. Class A | 300 | 907 | ||||||
Zibo Qixiang Tengda Chemical Co., Ltd. Class A | 600 | 1,168 | ||||||
|
| |||||||
Total Chemicals | 55,312 | |||||||
Commercial Services & Supplies – 0.4% | ||||||||
China Everbright International Ltd. | 3,000 | 4,283 | ||||||
Eternal Asia Supply Chain Management Ltd. Class A | 1,200 | 1,299 | ||||||
Jihua Group Corp., Ltd. Class A | 1,400 | 1,447 | ||||||
TianGuang ZhongMao Co., Ltd. Class A | 800 | 1,107 | ||||||
Tus-Sound Environmental Resources Co., Ltd. Class A | 600 | 3,042 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 11,178 | |||||||
Communications Equipment – 0.5% | ||||||||
ZTE Corp. Class A* | 2,100 | 11,725 | ||||||
ZTE Corp. Class H* | 800 | 3,004 | ||||||
|
| |||||||
Total Communications Equipment | 14,729 | |||||||
Construction & Engineering – 2.3% | ||||||||
China CAMC Engineering Co., Ltd. Class A | 400 | 1,132 | ||||||
China Communications Construction Co., Ltd. Class A | 1,300 | 2,555 | ||||||
China Communications Construction Co., Ltd. Class H | 5,000 | 5,680 | ||||||
China Gezhouba Group Co., Ltd. Class A | 2,600 | 3,274 | ||||||
China Nuclear Engineering Corp., Ltd. Class A | 500 | 789 | ||||||
China Railway Construction Corp., Ltd. Class A | 3,800 | 6,506 | ||||||
China Railway Construction Corp., Ltd. Class H | 2,000 | 2,318 | ||||||
China Railway Group Ltd. Class A | 6,000 | 7,730 | ||||||
China Railway Group Ltd. Class H | 4,000 | 2,958 | ||||||
China Railway Hi-tech Industry Co., Ltd. Class A | 700 | 1,305 | ||||||
China State Construction Engineering Corp., Ltd. Class A | 12,500 | 17,314 | ||||||
China State Construction International Holdings Ltd. | 2,000 | 2,799 | ||||||
Jiangsu Zhongnan Construction Group Co., Ltd. Class A | 1,600 | 1,575 | ||||||
Metallurgical Corp. of China Ltd. Class A | 3,900 | 2,899 | ||||||
Northcom Group Co., Ltd. Class A* | 300 | 1,039 | ||||||
Power Construction Corp. of China Ltd. Class A | 3,000 | 3,326 | ||||||
Shanghai Construction Group Co., Ltd. Class A | 4,900 | 2,799 | ||||||
Shanghai Tunnel Engineering Co., Ltd. Class A | 1,700 | 2,180 | ||||||
Suzhou Gold Mantis Construction Decoration Co., Ltd. Class A | 1,300 | 3,058 | ||||||
|
| |||||||
Total Construction & Engineering | 71,236 | |||||||
Construction Materials – 0.9% | ||||||||
Anhui Conch Cement Co., Ltd. Class A | 1,400 | 6,312 | ||||||
Anhui Conch Cement Co., Ltd. Class H | 1,500 | 7,052 | ||||||
BBMG Corp. Class A | 3,000 | 2,502 | ||||||
BBMG Corp. Class H | 2,000 | 908 | ||||||
Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Class A | 500 | 3,068 | ||||||
China Jushi Co., Ltd. Class A | 1,700 | 4,242 | ||||||
CSG Holding Co., Ltd. Class A | 1,500 | 1,946 | ||||||
Jilin Yatai Group Co., Ltd. Class A* | 1,500 | 1,216 | ||||||
|
| |||||||
Total Construction Materials | 27,246 | |||||||
Containers & Packaging – 0.1% | ||||||||
Org Packaging Co., Ltd. Class A* | 1,100 | 1,056 | ||||||
Shenzhen Jinjia Group Co., Ltd. Class A | 800 | 1,136 | ||||||
|
| |||||||
Total Containers & Packaging | 2,192 | |||||||
Distributors – 0.2% | ||||||||
Anhui Xinhua Media Co., Ltd. Class A | 600 | 975 | ||||||
Liaoning Cheng Da Co., Ltd. Class A* | 1,200 | 3,245 | ||||||
Wuchan Zhongda Group Co., Ltd. Class A | 1,200 | 1,257 | ||||||
|
| |||||||
Total Distributors | 5,477 | |||||||
Diversified Consumer Services – 0.6% | ||||||||
New Oriental Education & Technology Group, Inc. ADR | 127 | 11,938 | ||||||
TAL Education Group ADR | 277 | 8,230 | ||||||
|
| |||||||
Total Diversified Consumer Services | 20,168 | |||||||
Electrical Equipment – 1.6% | ||||||||
Changyuan Group Ltd. Class A | 1,000 | 2,425 | ||||||
Dongfang Electric Corp., Ltd. Class A* | 1,000 | 1,725 | ||||||
Fangda Carbon New Material Co., Ltd. Class A | 1,100 | 4,878 | ||||||
Guoxuan High-Tech Co., Ltd. Class A | 600 | 2,051 | ||||||
Hongfa Technology Co., Ltd. Class A | 300 | 1,905 | ||||||
Jiangsu Zhongtian Technology Co., Ltd. Class A | 1,800 | 3,853 | ||||||
Jiangxi Special Electric Motor Co., Ltd. Class A | 1,100 | 1,912 | ||||||
Luxshare Precision Industry Co., Ltd. Class A | 1,200 | 4,319 | ||||||
NARI Technology Co., Ltd. Class A | 1,400 | 3,924 | ||||||
Shanghai Electric Group Co., Ltd. Class A* | 3,400 | 3,493 | ||||||
Shanghai Electric Group Co., Ltd. Class H* | 2,000 | 824 | ||||||
Suzhou Anjie Technology Co., Ltd. Class A | 200 | 801 | ||||||
TBEA Co., Ltd. Class A | 3,000 | 4,566 | ||||||
Xinjiang Goldwind Science & Technology Co., Ltd. Class A | 1,900 | 5,500 | ||||||
Xinjiang Goldwind Science & Technology Co., Ltd. Class H | 600 | 1,019 |
See Notes to Financial Statements.
102 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
December 31, 2017
Investments | Shares | Value | ||||||
XJ Electric Co., Ltd. Class A | 500 | $ | 1,013 | |||||
Zhejiang Chint Electrics Co., Ltd. Class A | 300 | 1,204 | ||||||
Zhongshan Broad Ocean Motor Co., Ltd. Class A | 1,000 | 1,070 | ||||||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 600 | 3,903 | ||||||
|
| |||||||
Total Electrical Equipment | 50,385 | |||||||
Electronic Equipment, Instruments & Components – 1.5% | ||||||||
AAC Technologies Holdings, Inc. | 1,000 | 17,832 | ||||||
GoerTek, Inc. Class A | 1,800 | 4,796 | ||||||
Hangzhou Hikvision Digital Technology Co., Ltd. Class A | 3,200 | 19,165 | ||||||
Zhejiang Dahua Technology Co., Ltd. Class A | 1,300 | 4,609 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 46,402 | |||||||
Energy Equipment & Services – 0.1% | ||||||||
Fullshare Holdings Ltd.* | 7,500 | 3,454 | ||||||
Food & Staples Retailing – 0.3% | ||||||||
Shanghai Bailian Group Co., Ltd. Class A | 800 | 1,656 | ||||||
Sun Art Retail Group Ltd. | 2,500 | 2,642 | ||||||
Yonghui Superstores Co., Ltd. Class A | 3,200 | 4,963 | ||||||
|
| |||||||
Total Food & Staples Retailing | 9,261 | |||||||
Food Products – 2.3% | ||||||||
Beijing Dabeinong Technology Group Co., Ltd. Class A | 1,500 | 1,396 | ||||||
China Mengniu Dairy Co., Ltd. | 3,000 | 8,923 | ||||||
Dali Foods Group Co., Ltd.(a) | 2,000 | 1,816 | ||||||
Foshan Haitian Flavouring & Food Co., Ltd. Class A | 700 | 5,785 | ||||||
Guangdong Haid Group Co., Ltd. Class A | 600 | 2,156 | ||||||
Henan Shuanghui Investment & Development Co., Ltd. Class A | 900 | 3,662 | ||||||
Inner Mongolia Yili Industrial Group Co., Ltd. Class A | 4,500 | 22,251 | ||||||
Muyuan Foodstuff Co., Ltd. Class A | 300 | 2,435 | ||||||
New Hope Liuhe Co., Ltd. Class A | 1,900 | 2,174 | ||||||
Tingyi Cayman Islands Holding Corp. | 2,000 | 3,889 | ||||||
Want Want China Holdings Ltd. | 7,000 | 5,865 | ||||||
WH Group Ltd.(a) | 7,000 | 7,898 | ||||||
Yuan Longping High-tech Agriculture Co., Ltd. Class A | 700 | 2,765 | ||||||
|
| |||||||
Total Food Products | 71,015 | |||||||
Gas Utilities – 0.4% | ||||||||
China Gas Holdings Ltd. | 2,400 | 6,631 | ||||||
China Resources Gas Group Ltd. | 2,000 | 7,253 | ||||||
|
| |||||||
Total Gas Utilities | 13,884 | |||||||
Health Care Equipment & Supplies – 0.1% | ||||||||
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. Class A | 600 | 1,806 | ||||||
Health Care Providers & Services – 0.8% | ||||||||
China National Accord Medicines Corp., Ltd. Class A | 100 | 925 | ||||||
Huadong Medicine Co., Ltd. Class A | 400 | 3,310 | ||||||
Jointown Pharmaceutical Group Co., Ltd. Class A* | 600 | 1,741 | ||||||
Meinian Onehealth Healthcare Holdings Co., Ltd. Class A | 1,200 | 4,030 | ||||||
Realcan Pharmaceutical Co., Ltd. Class A | 400 | 826 | ||||||
Searainbow Holding Corp. Class A* | 600 | 3,977 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class A | 1,000 | 3,716 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 700 | 1,894 | ||||||
Sinopharm Group Co., Ltd. Class H | 1,200 | 5,189 | ||||||
|
| |||||||
Total Health Care Providers & Services | 25,608 | |||||||
Hotels, Restaurants & Leisure – 0.9% | ||||||||
China International Travel Service Corp., Ltd. Class A | 800 | 5,324 | ||||||
China Lodging Group Ltd. ADR | 27 | 3,900 | ||||||
Shenzhen Overseas Chinese Town Co., Ltd. Class A | 3,000 | 3,911 | ||||||
Yum China Holdings, Inc. | 371 | 14,847 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 27,982 | |||||||
Household Durables – 3.0% | ||||||||
Gree Electric Appliances, Inc. of Zhuhai Class A | 4,200 | 28,185 | ||||||
Haier Electronics Group Co., Ltd.* | 2,000 | 5,475 | ||||||
Hangzhou Robam Appliances Co., Ltd. Class A | 500 | 3,693 | ||||||
Hisense Electric Co., Ltd. Class A | 700 | 1,615 | ||||||
Leo Group Co., Ltd. Class A | 2,400 | 958 | ||||||
Midea Group Co., Ltd. Class A | 3,700 | 31,494 | ||||||
NavInfo Co., Ltd. Class A | 800 | 3,242 | ||||||
Qingdao Haier Co., Ltd. Class A | 3,300 | 9,552 | ||||||
Suofeiya Home Collection Co., Ltd. Class A | 500 | 2,826 | ||||||
TCL Corp. Class A | 7,700 | 4,612 | ||||||
|
| |||||||
Total Household Durables | 91,652 | |||||||
Independent Power & Renewable Electricity Producers – 1.9% | ||||||||
CGN Power Co., Ltd. Class H(a) | 10,000 | 2,712 | ||||||
China National Nuclear Power Co., Ltd. Class A | 4,100 | 4,621 | ||||||
China Power International Development Ltd. | 4,000 | 1,049 | ||||||
China Resources Power Holdings Co., Ltd. | 2,000 | 3,725 | ||||||
China Yangtze Power Co., Ltd. Class A | 7,100 | 16,998 | ||||||
Datang International Power Generation Co., Ltd. Class A* | 1,900 | 1,211 | ||||||
GD Power Development Co., Ltd. Class A | 10,300 | 4,919 | ||||||
Huadian Power International Corp., Ltd. Class A | 2,700 | 1,538 | ||||||
Huaneng Power International, Inc. Class A | 3,800 | 3,606 | ||||||
Huaneng Power International, Inc. Class H | 6,000 | 3,761 | ||||||
Hubei Energy Group Co., Ltd. Class A | 1,900 | 1,351 | ||||||
SDIC Power Holdings Co., Ltd. Class A | 3,100 | 3,494 | ||||||
Shanghai Electric Power Co., Ltd. Class A | 800 | 1,123 | ||||||
Shenergy Co., Ltd. Class A | 2,200 | 1,980 | ||||||
Shenzhen Energy Group Co., Ltd. Class A | 1,000 | 930 | ||||||
Sichuan Chuantou Energy Co., Ltd. Class A | 2,100 | 3,283 | ||||||
Zhejiang Zheneng Electric Power Co., Ltd. Class A | 2,900 | 2,374 | ||||||
|
| |||||||
Total Independent Power & Renewable Electricity Producers | 58,675 | |||||||
Industrial Conglomerates – 0.5% | ||||||||
Beijing Enterprises Holdings Ltd. | 500 | 2,968 | ||||||
China Baoan Group Co., Ltd. Class A | 1,800 | 1,998 | ||||||
CITIC Ltd. | 7,000 | 10,101 | ||||||
|
| |||||||
Total Industrial Conglomerates | 15,067 | |||||||
Insurance – 7.0% | ||||||||
China Life Insurance Co., Ltd. Class A | 1,500 | 7,014 | ||||||
China Life Insurance Co., Ltd. Class H | 7,000 | 21,983 | ||||||
China Pacific Insurance Group Co., Ltd. Class A | 3,266 | 20,773 | ||||||
China Pacific Insurance Group Co., Ltd. Class H | 2,800 | 13,450 | ||||||
Ping An Insurance Group Co. of China Ltd. Class A | 9,300 | 99,941 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 103 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
December 31, 2017
Investments | Shares | Value | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 5,000 | $ | 52,032 | |||||
|
| |||||||
Total Insurance | 215,193 | |||||||
Internet & Catalog Retail – 1.7% | ||||||||
Ctrip.com International Ltd. ADR* | 390 | 17,199 | ||||||
JD.com, Inc. ADR* | 751 | 31,106 | ||||||
Vipshop Holdings Ltd. ADR* | 369 | 4,325 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 52,630 | |||||||
Internet Software & Services – 17.7% | ||||||||
Alibaba Group Holding Ltd. ADR* | 1,096 | 188,983 | ||||||
Baidu, Inc. ADR* | 266 | 62,300 | ||||||
NetEase, Inc. ADR | 72 | 24,845 | ||||||
Tencent Holdings Ltd. | 5,200 | 270,068 | ||||||
|
| |||||||
Total Internet Software & Services | 546,196 | |||||||
Leisure Products – 0.0% | ||||||||
Alpha Group Class A | 400 | 878 | ||||||
Machinery – 2.7% | ||||||||
Beijing SPC Environment Protection Tech Co., Ltd. Class A | 600 | 2,094 | ||||||
China Conch Venture Holdings Ltd. | 2,000 | 4,631 | ||||||
China International Marine Containers Group Co., Ltd. Class A | 900 | 3,158 | ||||||
China Shipbuilding Industry Co., Ltd. Class A* | 9,300 | 8,612 | ||||||
CRRC Corp., Ltd. Class A | 7,800 | 14,517 | ||||||
CRRC Corp., Ltd. Class H | 4,000 | 4,278 | ||||||
Fujian Longking Co., Ltd. Class A | 800 | 2,125 | ||||||
Haitian International Holdings Ltd. | 1,000 | 3,006 | ||||||
Han’s Laser Technology Industry Group Co., Ltd. Class A | 800 | 6,069 | ||||||
Inner Mongolia First Machinery Group Co., Ltd. Class A | 600 | 1,110 | ||||||
North Navigation Control Technology Co., Ltd. Class A | 700 | 1,325 | ||||||
Sany Heavy Industry Co., Ltd. Class A | 3,600 | 5,014 | ||||||
Shanghai Mechanical and Electrical Industry Co., Ltd. Class A | 300 | 1,129 | ||||||
Suzhou Dongshan Precision Manufacturing Co., Ltd. Class A | 400 | 1,748 | ||||||
Tian Di Science & Technology Co., Ltd. Class A | 1,200 | 857 | ||||||
Weichai Power Co., Ltd. Class A | 4,200 | 5,379 | ||||||
Weichai Power Co., Ltd. Class H | 2,000 | 2,190 | ||||||
XCMG Construction Machinery Co., Ltd. Class A | 3,900 | 2,773 | ||||||
Yangzijiang Shipbuilding Holdings Ltd. | 2,200 | 2,420 | ||||||
Zhejiang Sanhua Intelligent Controls Co., Ltd. Class A | 800 | 2,253 | ||||||
Zhengzhou Yutong Bus Co., Ltd. Class A | 1,100 | 4,066 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class A | 4,800 | 3,295 | ||||||
|
| |||||||
Total Machinery | 82,049 | |||||||
Marine – 0.2% | ||||||||
COSCO Shipping Development Co., Ltd. Class A* | 2,600 | 1,361 | ||||||
COSCO Shipping Energy Transportation Co., Ltd. Class A | 1,100 | 1,034 | ||||||
COSCO Shipping Holdings Co., Ltd. Class A* | 3,000 | 3,119 | ||||||
COSCO Shipping Holdings Co., Ltd. Class H* | 2,000 | 1,031 | ||||||
|
| |||||||
Total Marine | 6,545 | |||||||
Media – 0.6% | ||||||||
Alibaba Pictures Group Ltd.* | 20,000 | 2,686 | ||||||
China Film Co., Ltd. Class A | 400 | 946 | ||||||
China Media Group Class A | 1,800 | 2,767 | ||||||
China South Publishing & Media Group Co., Ltd. Class A | 500 | 1,067 | ||||||
Chinese Universe Publishing and Media Co., Ltd. Class A | 500 | 1,300 | ||||||
CITIC Guoan Information Industry Co., Ltd. Class A | 2,400 | 3,534 | ||||||
Perfect World Co., Ltd. Class A | 200 | 1,028 | ||||||
Shanghai Oriental Pearl Group Co., Ltd. Class A | 1,700 | 4,349 | ||||||
|
| |||||||
Total Media | 17,677 | |||||||
Metals & Mining – 3.2% | ||||||||
Aluminum Corp. of China Ltd. Class H* | 4,000 | 2,860 | ||||||
Angang Steel Co., Ltd. Class A | 1,100 | 1,073 | ||||||
Baoshan Iron & Steel Co., Ltd. Class A | 7,260 | 9,644 | ||||||
Beijing Shougang Co., Ltd. Class A* | 1,000 | 918 | ||||||
China Molybdenum Co., Ltd. Class A | 2,600 | 2,747 | ||||||
China Molybdenum Co., Ltd. Class H | 6,000 | 3,853 | ||||||
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. Class A | 1,100 | 1,086 | ||||||
China Northern Rare Earth Group High-Tech Co., Ltd. Class A | 2,200 | 4,926 | ||||||
GEM Co., Ltd. Class A | 3,100 | 3,423 | ||||||
Guangdong HEC Technology Holding Co., Ltd. Class A* | 1,200 | 1,244 | ||||||
Henan Shenhuo Coal & Power Co., Ltd. Class A | 1,000 | 1,559 | ||||||
Hesteel Co., Ltd. Class A | 4,500 | 2,695 | ||||||
Hunan Gold Corp., Ltd. Class A | 600 | 894 | ||||||
Inner Mongolia BaoTou Steel Union Co., Ltd. Class A* | 10,600 | 4,004 | ||||||
Jiangxi Copper Co., Ltd. Class A | 900 | 2,790 | ||||||
Jiangxi Copper Co., Ltd. Class H | 2,000 | 3,172 | ||||||
Jiangxi Ganfeng Lithium Co., Ltd. Class A | 500 | 5,509 | ||||||
Jinduicheng Molybdenum Co., Ltd. Class A* | 800 | 888 | ||||||
Maanshan Iron & Steel Co., Ltd. Class A* | 2,300 | 1,459 | ||||||
SGIS Songshan Co., Ltd. Class A* | 900 | 1,225 | ||||||
Shaanxi Ligeance Mineral Resources Co., Ltd. Class A* | 300 | 1,061 | ||||||
Shandong Gold Mining Co., Ltd. Class A | 600 | 2,874 | ||||||
Shandong Nanshan Aluminum Co., Ltd. Class A | 4,900 | 2,769 | ||||||
Shanxi Taigang Stainless Steel Co., Ltd. Class A | 1,900 | 1,447 | ||||||
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A | 1,500 | 2,573 | ||||||
Tongling Nonferrous Metals Group Co., Ltd. Class A* | 5,700 | 2,556 | ||||||
Western Mining Co., Ltd. Class A | 1,700 | 2,141 | ||||||
Xiamen Tungsten Co., Ltd. Class A | 500 | 1,976 | ||||||
Xinxing Ductile Iron Pipes Co., Ltd. Class A | 2,000 | 1,603 | ||||||
Yintai Resources Co., Ltd. Class A* | 400 | 821 | ||||||
Yunnan Aluminium Co., Ltd. Class A* | 900 | 1,414 | ||||||
Yunnan Chihong Zinc & Germanium Co., Ltd. Class A* | 2,200 | 2,399 | ||||||
Yunnan Copper Co., Ltd. Class A* | 700 | 1,525 | ||||||
Yunnan Tin Co., Ltd. Class A* | 700 | 1,419 | ||||||
Zhejiang Huayou Cobalt Co., Ltd. Class A* | 200 | 2,468 | ||||||
Zhongjin Gold Corp., Ltd. Class A | 1,700 | 2,584 | ||||||
Zijin Mining Group Co., Ltd. Class A | 11,600 | 8,176 | ||||||
Zijin Mining Group Co., Ltd. Class H | 6,000 | 2,264 | ||||||
|
| |||||||
Total Metals & Mining | 98,039 |
See Notes to Financial Statements.
104 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
December 31, 2017
Investments | Shares | Value | ||||||
Multiline Retail – 0.1% | ||||||||
Nanjing Xinjiekou Department Store Co., Ltd. Class A | 500 | $ | 2,907 | |||||
Oil, Gas & Consumable Fuels – 2.9% | ||||||||
China Coal Energy Co., Ltd. Class A | 1,500 | 1,318 | ||||||
China Coal Energy Co., Ltd. Class H | 2,000 | 903 | ||||||
China Petroleum & Chemical Corp. Class A | 9,300 | 8,754 | ||||||
China Petroleum & Chemical Corp. Class H | 26,000 | 19,058 | ||||||
China Shenhua Energy Co., Ltd. Class A | 2,000 | 7,113 | ||||||
China Shenhua Energy Co., Ltd. Class H | 3,500 | 9,066 | ||||||
CNOOC Ltd. | 16,000 | 22,965 | ||||||
PetroChina Co., Ltd. Class A | 3,200 | 3,975 | ||||||
PetroChina Co., Ltd. Class H | 22,000 | 15,338 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 88,490 | |||||||
Paper & Forest Products – 0.3% | ||||||||
Lee & Man Paper Manufacturing Ltd. | 2,000 | 2,364 | ||||||
Nine Dragons Paper Holdings Ltd. | 2,000 | 3,203 | ||||||
Shandong Chenming Paper Holdings Ltd. Class A | 800 | 2,048 | ||||||
Shandong Sun Paper Industry JSC Ltd. Class A | 1,000 | 1,425 | ||||||
Shanying International Holding Co., Ltd. Class A | 2,200 | 1,463 | ||||||
|
| |||||||
Total Paper & Forest Products | 10,503 | |||||||
Personal Products – 0.4% | ||||||||
Hengan International Group Co., Ltd. | 1,000 | 11,097 | ||||||
Shanghai Jahwa United Co., Ltd. Class A | 500 | 2,830 | ||||||
|
| |||||||
Total Personal Products | 13,927 | |||||||
Pharmaceuticals – 3.7% | ||||||||
Beijing Tongrentang Co., Ltd. Class A | 700 | 3,468 | ||||||
Changchun High & New Technology Industries, Inc. Class A | 200 | 5,620 | ||||||
China Medical System Holdings Ltd. | 2,000 | 4,661 | ||||||
China Resources Pharmaceutical Group Ltd.(a) | 2,000 | 2,589 | ||||||
China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. Class A | 300 | 1,253 | ||||||
CSPC Pharmaceutical Group Ltd. | 4,000 | 8,074 | ||||||
Dong-E-E-Jiao Co., Ltd. Class A | 500 | 4,628 | ||||||
Hubei Jumpcan Pharmaceutical Co., Ltd. Class A | 200 | 1,171 | ||||||
Humanwell Healthcare Group Co., Ltd. Class A | 900 | 2,466 | ||||||
Jiangsu Hengrui Medicine Co., Ltd. Class A | 1,200 | 12,711 | ||||||
Jilin Aodong Pharmaceutical Group Co., Ltd. Class A | 900 | 3,110 | ||||||
Kangmei Pharmaceutical Co., Ltd. Class A | 2,800 | 9,614 | ||||||
Livzon Pharmaceutical Group, Inc. Class A | 200 | 2,041 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A | 1,000 | 6,834 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 500 | 3,208 | ||||||
Shenzhen Salubris Pharmaceuticals Co., Ltd. Class A | 400 | 2,776 | ||||||
Shijiazhuang Yiling Pharmaceutical Co., Ltd. Class A | 400 | 956 | ||||||
Sichuan Kelun Pharmaceutical Co., Ltd. Class A | 600 | 2,294 | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. | 5,000 | 1,797 | ||||||
Sino Biopharmaceutical Ltd. | 5,000 | 8,865 | ||||||
Tasly Pharmaceutical Group Co., Ltd. Class A | 600 | 3,278 | ||||||
Tonghua Dongbao Pharmaceutical Co., Ltd. Class A | 1,100 | 3,867 | ||||||
Yifan Pharmaceutical Co., Ltd. Class A | 600 | 2,050 | ||||||
Yunnan Baiyao Group Co., Ltd. Class A | 400 | 6,253 | ||||||
Zhangzhou Pientzehuang Pharmaceutical Co., Ltd. Class A | 300 | 2,912 | ||||||
Zhejiang Conba Pharmaceutical Co., Ltd. Class A | 1,100 | 1,194 | ||||||
Zhejiang Huahai Pharmaceutical Co., Ltd. Class A | 600 | 2,776 | ||||||
Zhejiang NHU Co., Ltd. Class A | 500 | 2,922 | ||||||
|
| |||||||
Total Pharmaceuticals | 113,388 | |||||||
Professional Services – 0.2% | ||||||||
51job, Inc. ADR* | 22 | 1,338 | ||||||
Beijing Orient Landscape & Environment Co., Ltd. Class A | 1,200 | 3,717 | ||||||
|
| |||||||
Total Professional Services | 5,055 | |||||||
Real Estate Management & Development – 5.5% | ||||||||
Agile Group Holdings Ltd. | 2,000 | 3,034 | ||||||
Beijing Capital Development Co., Ltd. Class A | 900 | 1,284 | ||||||
China Evergrande Group* | 4,000 | 13,790 | ||||||
China Fortune Land Development Co., Ltd. Class A | 1,100 | 5,302 | ||||||
China Jinmao Holdings Group Ltd. | 6,000 | 2,640 | ||||||
China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A | 2,000 | 6,007 | ||||||
China Overseas Land & Investment Ltd. | 4,000 | 12,869 | ||||||
China Resources Land Ltd. | 2,000 | 5,884 | ||||||
China Vanke Co., Ltd. Class A | 6,900 | 32,911 | ||||||
China Vanke Co., Ltd. Class H | 1,300 | 5,189 | ||||||
Country Garden Holdings Co., Ltd. | 7,000 | 13,342 | ||||||
Financial Street Holdings Co., Ltd. Class A | 2,100 | 3,583 | ||||||
Future Land Holdings Co., Ltd. Class A | 700 | 3,150 | ||||||
Gemdale Corp. Class A | 3,100 | 6,017 | ||||||
Greenland Holdings Corp., Ltd. Class A | 3,100 | 3,470 | ||||||
Jinke Properties Group Co., Ltd. Class A | 2,300 | 1,748 | ||||||
Longfor Properties Co., Ltd. | 1,500 | 3,757 | ||||||
Oceanwide Holdings Co., Ltd. Class A | 1,600 | 1,833 | ||||||
Poly Real Estate Group Co., Ltd. Class A | 7,100 | 15,417 | ||||||
RiseSun Real Estate Development Co., Ltd. Class A | 1,600 | 2,342 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class A | 500 | 1,461 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class B | 800 | 1,157 | ||||||
Shimao Property Holdings Ltd. | 1,500 | 3,262 | ||||||
Sunac China Holdings Ltd. | 2,000 | 8,277 | ||||||
Xinhu Zhongbao Co., Ltd. Class A* | 4,100 | 3,293 | ||||||
Youngor Group Co., Ltd. Class A | 2,400 | 3,383 | ||||||
Zall Group Ltd.* | 3,000 | 3,277 | ||||||
Zhejiang China Commodities City Group Co., Ltd. Class A | 2,400 | 2,130 | ||||||
|
| |||||||
Total Real Estate Management & Development | 169,809 | |||||||
Road & Rail – 0.4% | ||||||||
China High-Speed Railway Technology Co., Ltd. Class A | 1,600 | 2,150 | ||||||
Daqin Railway Co., Ltd. Class A | 5,500 | 7,652 | ||||||
Guangshen Railway Co., Ltd. Class A | 3,000 | 2,570 | ||||||
|
| |||||||
Total Road & Rail | 12,372 | |||||||
Semiconductors & Semiconductor Equipment – 0.3% | ||||||||
Sanan Optoelectronics Co., Ltd. Class A | 2,100 | 8,188 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 105 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
December 31, 2017
Investments | Shares | Value | ||||||
Software – 0.1% | ||||||||
Giant Network Group Co., Ltd. Class A | 400 | $ | 2,260 | |||||
Specialty Retail – 0.3% | ||||||||
China Grand Automotive Services Co., Ltd. Series A | 2,300 | 2,840 | ||||||
Pang Da Automobile Trade Co., Ltd. Class A* | 3,500 | 1,351 | ||||||
Suning Commerce Group Co., Ltd. Class A | 2,900 | 5,473 | ||||||
|
| |||||||
Total Specialty Retail | 9,664 | |||||||
Technology Hardware, Storage & Peripherals – 0.7% | ||||||||
BOE Technology Group Co., Ltd. Class A | 23,300 | 20,717 | ||||||
Textiles, Apparel & Luxury Goods – 0.5% | ||||||||
ANTA Sports Products Ltd. | 1,000 | 4,535 | ||||||
Gansu Gangtai Holding Group Co., Ltd. Class A | 500 | 907 | ||||||
Heilan Home Co., Ltd. Class A | 1,200 | 1,787 | ||||||
Shenzhou International Group Holdings Ltd. | 1,000 | 9,517 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 16,746 | |||||||
Trading Companies & Distributors – 0.3% | ||||||||
China Meheco Co., Ltd. Class A | 500 | 1,911 | ||||||
CMST Development Co., Ltd. Class A | 800 | 1,351 | ||||||
Orient Group, Inc. Class A* | 2,600 | 1,833 | ||||||
Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. Class A | 300 | 852 | ||||||
Sinochem International Corp. Class A | 900 | 1,168 | ||||||
Xiamen C & D, Inc. Class A | 1,500 | 2,562 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 9,677 | |||||||
Transportation Infrastructure – 1.0% | ||||||||
China Merchants Port Holdings Co., Ltd. | 2,000 | 5,232 | ||||||
COSCO Shipping Ports Ltd. | 2,000 | 2,080 | ||||||
Dalian Port PDA Co., Ltd. Class A | 2,200 | 943 | ||||||
Guangzhou Baiyun International Airport Co., Ltd. Class A | 1,100 | 2,480 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 2,000 | 3,045 | ||||||
Ningbo Zhoushan Port Co., Ltd. Class A | 3,200 | 2,604 | ||||||
Shanghai International Airport Co., Ltd. Class A | 600 | 4,147 | ||||||
Shanghai International Port Group Co., Ltd. Class A | 3,900 | 3,983 | ||||||
Shenzhen Airport Co., Ltd. Class A | 800 | 1,069 | ||||||
Shenzhen International Holdings Ltd. | 1,000 | 1,903 | ||||||
TangShan Port Group Co., Ltd. Class A | 1,800 | 1,302 | ||||||
Tianjin Port Co., Ltd. Class A | 600 | 966 | ||||||
|
| |||||||
Total Transportation Infrastructure | 29,754 | |||||||
Water Utilities – 0.3% | ||||||||
Beijing Enterprises Water Group Ltd.* | 6,000 | 4,644 | ||||||
Guangdong Investment Ltd. | 4,000 | 5,352 | ||||||
|
| |||||||
Total Water Utilities | 9,996 | |||||||
Wireless Telecommunication Services – 1.8% | ||||||||
China Mobile Ltd. | 5,500 | 55,758 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 97.7% (Cost: $2,966,239) | 3,019,726 | |||||||
Other Assets less Liabilities – 2.3% | 70,991 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 3,090,717 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
ADR | – American Depositary Receipt |
See Notes to Financial Statements.
106 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.2% | ||||||||
Brazil – 3.6% | ||||||||
Embraer S.A. | 9,161 | $ | 55,235 | |||||
Iochpe Maxion S.A. | 7,628 | 52,891 | ||||||
JBS S.A. | 14,516 | 42,930 | ||||||
Tupy S.A. | 6,400 | 35,211 | ||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A. | 2,552 | 14,264 | ||||||
|
| |||||||
Total Brazil | 200,531 | |||||||
Chile – 0.3% | ||||||||
Vina Concha y Toro S.A. | 7,905 | 14,970 | ||||||
China – 5.2% | ||||||||
China High Speed Transmission Equipment Group Co., Ltd.(a) | 44,000 | 75,985 | ||||||
COSCO Shipping Holdings Co., Ltd. Class H*(a) | 96,500 | 49,748 | ||||||
Minth Group Ltd. | 14,000 | 84,441 | ||||||
Semiconductor Manufacturing International Corp.*(a) | 18,900 | 32,688 | ||||||
WH Group Ltd.(b) | 45,500 | 51,336 | ||||||
|
| |||||||
Total China | 294,198 | |||||||
India – 21.5% | ||||||||
Aurobindo Pharma Ltd. | 6,218 | 67,019 | ||||||
Bharat Forge Ltd. | 6,528 | 74,815 | ||||||
Cadila Healthcare Ltd. | 7,547 | 51,257 | ||||||
Cipla Ltd. | 4,907 | 46,781 | ||||||
Cyient Ltd. | 2,342 | 21,401 | ||||||
Divi’s Laboratories Ltd. | 2,550 | 43,881 | ||||||
Dr. Reddy’s Laboratories Ltd. | 1,174 | 44,405 | ||||||
Dr. Reddy’s Laboratories Ltd. ADR(a) | 49 | 1,840 | ||||||
eClerx Services Ltd. | 539 | 13,272 | ||||||
Firstsource Solutions Ltd.* | 24,512 | 15,688 | ||||||
Glenmark Pharmaceuticals Ltd. | 3,212 | 29,930 | ||||||
Granules India Ltd. | 9,854 | 21,220 | ||||||
HCL Technologies Ltd. | 2,549 | 35,563 | ||||||
Hexaware Technologies Ltd. | 4,295 | 22,923 | ||||||
Himatsingka Seide Ltd. | 3,154 | 19,734 | ||||||
Infosys Ltd. | 3,100 | 50,611 | ||||||
Infosys Ltd. ADR | 131 | 2,125 | ||||||
Jubilant Life Sciences Ltd. | 2,355 | 29,085 | ||||||
KPIT Technologies Ltd. | 8,810 | 24,949 | ||||||
Larsen & Toubro Infotech Ltd.(b) | 700 | 12,270 | ||||||
Lupin Ltd. | 2,448 | 33,946 | ||||||
Mindtree Ltd. | 3,181 | 30,520 | ||||||
Mphasis Ltd. | 1,469 | 16,701 | ||||||
Natco Pharma Ltd. | 3,850 | 58,009 | ||||||
NIIT Technologies Ltd. | 3,629 | 36,675 | ||||||
Oracle Financial Services Software Ltd. | 134 | 8,603 | ||||||
Persistent Systems Ltd. | 1,185 | 13,330 | ||||||
Strides Shasun Ltd. | 2,032 | 26,199 | ||||||
Sun Pharmaceutical Industries Ltd. | 7,238 | 64,768 | ||||||
Suven Life Sciences Ltd. | 5,251 | 16,733 | ||||||
Tata Coffee Ltd. | 7,587 | 19,845 | ||||||
Tata Consultancy Services Ltd. | 951 | 40,247 | ||||||
Tata Elxsi Ltd. | 1,174 | 17,973 | ||||||
Tata Global Beverages Ltd. | 11,473 | 56,873 | ||||||
Tata Motors Ltd.* | 6,459 | 43,701 | ||||||
Tech Mahindra Ltd. | 2,907 | 22,957 | ||||||
Wipro Ltd. | 5,350 | 26,340 | ||||||
Wipro Ltd. ADR | 910 | 4,978 | ||||||
Wockhardt Ltd. | 3,433 | 50,093 | ||||||
|
| |||||||
Total India | 1,217,260 | |||||||
Malaysia – 2.0% | ||||||||
Genting Malaysia Bhd | 30,700 | 42,709 | ||||||
MISC Bhd | 18,000 | 33,002 | ||||||
Supermax Corp. Bhd | 15,300 | 7,561 | ||||||
VS Industry Bhd | 42,900 | 31,907 | ||||||
|
| |||||||
Total Malaysia | 115,179 | |||||||
Mexico – 3.6% | ||||||||
Alfa S.A.B. de C.V. Class A | 20,300 | 22,432 | ||||||
Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A*(a) | 28,307 | 22,758 | ||||||
Genomma Lab Internacional S.A.B. de C.V. Class B* | 21,459 | 22,506 | ||||||
Gruma S.A.B. de C.V. Class B | 3,493 | 44,507 | ||||||
Grupo Bimbo S.A.B. de C.V. Series A | 17,420 | 38,739 | ||||||
Grupo Comercial Chedraui S.A. de C.V. | 10,218 | 18,843 | ||||||
Industrias Bachoco S.A.B. de C.V. Series B | 4,545 | �� | 21,747 | |||||
Nemak S.A.B. de C.V.(b) | 16,676 | 12,137 | ||||||
|
| |||||||
Total Mexico | 203,669 | |||||||
Philippines – 0.7% | ||||||||
International Container Terminal Services, Inc. | 17,990 | 38,020 | ||||||
Poland – 0.6% | ||||||||
CD Projekt S.A. | 1,281 | 35,759 | ||||||
Singapore – 0.6% | ||||||||
IGG, Inc.(a) | 32,000 | 34,549 | ||||||
South Africa – 0.4% | ||||||||
DataTec Ltd.(a) | 5,306 | 24,486 | ||||||
South Korea – 27.9% | ||||||||
AeroSpace Technology of Korea, Inc.* | 1,169 | 21,130 | ||||||
Chabiotech Co., Ltd.* | 1,782 | 37,453 | ||||||
Dongkuk Structures & Construction Co., Ltd. | 6,784 | 36,247 | ||||||
Doosan Corp. | 381 | 40,216 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 1,496 | 21,450 | ||||||
Doosan Infracore Co., Ltd.* | 3,484 | 28,281 | ||||||
Gamevil, Inc.* | 259 | 22,330 | ||||||
Genexine Co., Ltd.* | 477 | 32,526 | ||||||
Halla Holdings Corp. | 624 | 36,546 | ||||||
Hankook Tire Co., Ltd. | 708 | 36,109 | ||||||
Hansae Co., Ltd. | 2,238 | 56,339 | ||||||
Homecast Co., Ltd.* | 2,603 | 35,378 | ||||||
Humax Co., Ltd. | 456 | 3,799 | ||||||
Hyundai Corp. | 470 | 8,561 | ||||||
Hyundai Glovis Co., Ltd. | 392 | 49,799 | ||||||
Hyundai Merchant Marine Co., Ltd.* | 6,558 | 30,752 | ||||||
Hyundai Motor Co. | 732 | 106,667 | ||||||
i-SENS, Inc. | 466 | 11,013 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 107 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
December 31, 2017
Investments | Shares | Value | ||||||
Innocean Worldwide, Inc. | 691 | $ | 47,248 | |||||
Kia Motors Corp. | 1,414 | 44,247 | ||||||
Koh Young Technology, Inc. | 303 | 23,350 | ||||||
Kumho Tire Co., Inc.* | 3,053 | 12,619 | ||||||
LG Electronics, Inc. | 827 | 81,885 | ||||||
LS Corp. | 1,003 | 67,925 | ||||||
Mando Corp. | 166 | 47,836 | ||||||
NCSoft Corp. | 79 | 33,023 | ||||||
Nexen Tire Corp. | 1,725 | 19,014 | ||||||
S&T Motiv Co., Ltd. | 708 | 30,984 | ||||||
Samsung Electronics Co., Ltd. | 164 | 390,334 | ||||||
SK Hynix, Inc. | 1,141 | 81,534 | ||||||
SL Corp. | 2,317 | 53,026 | ||||||
Sung Kwang Bend Co., Ltd. | 3,093 | 28,834 | ||||||
|
| |||||||
Total South Korea | 1,576,455 | |||||||
Taiwan – 32.0% | ||||||||
Accton Technology Corp. | 12,000 | 42,744 | ||||||
Acer, Inc.* | 50,000 | 40,577 | ||||||
Adlink Technology, Inc. | 5,223 | 11,233 | ||||||
Advanced Semiconductor Engineering, Inc. | 22,655 | 29,043 | ||||||
Advantech Co., Ltd. | 2,199 | 15,555 | ||||||
Aerospace Industrial Development Corp. | 20,740 | 25,822 | ||||||
Alpha Networks, Inc. | 31,000 | 24,793 | ||||||
Asia Optical Co., Inc. | 12,000 | 38,752 | ||||||
Asustek Computer, Inc. | 2,000 | 18,784 | ||||||
Bizlink Holding, Inc. | 5,638 | 52,764 | ||||||
Career Technology MFG. Co., Ltd. | 16,000 | 21,533 | ||||||
Casetek Holdings Ltd. | 3,000 | 10,283 | ||||||
Catcher Technology Co., Ltd. | 3,000 | 33,066 | ||||||
Cheng Uei Precision Industry Co., Ltd. | 3,000 | 5,041 | ||||||
China Airlines Ltd.* | 101,000 | 39,540 | ||||||
CMC Magnetics Corp.* | 78,000 | 11,140 | ||||||
Compal Electronics, Inc. | 20,000 | 14,315 | ||||||
Cub Elecparts, Inc. | 5,047 | 46,470 | ||||||
CyberTAN Technology, Inc. | 10,000 | 6,099 | ||||||
Delta Electronics, Inc. | 5,000 | 24,111 | ||||||
Eclat Textile Co., Ltd. | 2,062 | 20,614 | ||||||
Eva Airways Corp. | 79,447 | 42,315 | ||||||
Evergreen Marine Corp. Taiwan Ltd.* | 80,882 | 44,438 | ||||||
Feng TAY Enterprise Co., Ltd. | 6,920 | 31,509 | ||||||
FLEXium Interconnect, Inc. | 3,148 | 11,266 | ||||||
Foxsemicon Integrated Technology, Inc. | 4,200 | 29,497 | ||||||
General Interface Solution Holding Ltd. | 4,000 | 26,749 | ||||||
Getac Technology Corp. | 20,000 | 29,706 | ||||||
Global Unichip Corp. | 4,000 | 34,276 | ||||||
Hon Hai Precision Industry Co., Ltd. | 29,700 | 95,013 | ||||||
Hota Industrial Manufacturing Co., Ltd. | 7,085 | 34,998 | ||||||
IEI Integration Corp. | 6,000 | 7,924 | ||||||
Inventec Corp. | 11,000 | 8,779 | ||||||
Iron Force Industrial Co., Ltd. | 3,000 | 11,896 | ||||||
Kenda Rubber Industrial Co., Ltd. | 8,320 | 10,498 | ||||||
King Slide Works Co., Ltd. | 3,000 | 40,375 | ||||||
Kinpo Electronics, Inc. | 29,000 | 10,281 | ||||||
Lite-On Technology Corp. | 12,219 | 16,670 | ||||||
Makalot Industrial Co., Ltd. | 5,419 | 22,762 | ||||||
Micro-Star International Co., Ltd. | 12,000 | 30,889 | ||||||
Nan Kang Rubber Tire Co., Ltd. | 17,000 | 15,253 | ||||||
Nien Made Enterprise Co., Ltd. | 5,000 | 53,430 | ||||||
Orient Semiconductor Electronics Ltd.* | 12,000 | 3,811 | ||||||
Pegatron Corp. | 6,000 | 14,517 | ||||||
Pihsiang Machinery Manufacturing Co., Ltd.*† | 5,000 | 2,907 | ||||||
Posiflex Technology, Inc. | 2,283 | 10,472 | ||||||
Pou Chen Corp. | 31,000 | 40,158 | ||||||
Primax Electronics Ltd. | 11,000 | 29,202 | ||||||
Qisda Corp. | 44,000 | 31,272 | ||||||
Quanta Computer, Inc. | 9,000 | 18,721 | ||||||
Ritek Corp.* | 62,000 | 9,709 | ||||||
ScinoPharm Taiwan Ltd. | 11,022 | 13,130 | ||||||
ShunSin Technology Holding Ltd. | 3,000 | 14,114 | ||||||
Siliconware Precision Industries Co., Ltd. | 15,000 | 25,354 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 32,000 | 246,787 | ||||||
Tong Yang Industry Co., Ltd. | 19,000 | 36,776 | ||||||
TPK Holding Co., Ltd.* | 8,000 | 22,474 | ||||||
TYC Brother Industrial Co., Ltd. | 30,000 | 33,469 | ||||||
Unitech Printed Circuit Board Corp.* | 27,000 | 21,049 | ||||||
Visual Photonics Epitaxy Co., Ltd. | 7,750 | 24,246 | ||||||
Vivotek, Inc. | 4,780 | 15,532 | ||||||
Wistron NeWeb Corp. | 5,489 | 15,771 | ||||||
Yang Ming Marine Transport Corp.* | 38,603 | 14,918 | ||||||
Zeng Hsing Industrial Co., Ltd. | 1,000 | 4,352 | ||||||
Zhen Ding Technology Holding Ltd. | 2,000 | 4,402 | ||||||
Zinwell Corp. | 13,000 | 13,804 | ||||||
|
| |||||||
Total Taiwan | 1,807,750 | |||||||
Thailand – 1.4% | ||||||||
Delta Electronics Thailand PCL NVDR | 8,700 | 19,554 | ||||||
Thai Union Group PCL NVDR | 96,700 | 59,047 | ||||||
|
| |||||||
Total Thailand | 78,601 | |||||||
Turkey – 0.4% | ||||||||
Kordsa Teknik Tekstil AS | 10,261 | 20,757 | ||||||
TOTAL COMMON STOCKS (Cost: $4,549,485) | 5,662,184 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.6% | ||||||||
United States – 2.6% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c) | ||||||||
(Cost: $147,280)(d) | 147,280 | 147,280 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.8% (Cost: $4,696,765) | 5,809,464 | |||||||
Other Assets less Liabilities – (2.8)% | (156,385 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,653,079 |
* | Non-income producing security. |
† | Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $2,907, which represents 0.05% of net assets. |
(a) | Security, or portion thereof, was on loan at December 31, 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. |
See Notes to Financial Statements.
108 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
December 31, 2017
(c) | Rate shown represents annualized 7-day yield as of December 31, 2017. |
(d) | At December 31, 2017, the total market value of the Fund’s securities on loan was $212,887 and the total market value of the collateral held by the Fund was $225,882. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $78,602. |
ADR | – American Depositary Receipt |
NVDR | – Non-Voting Depositary Receipt |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Merrill Lynch International | 1/2/2018 | 1,142 | USD | 3,792 | BRL | $ | — | $ | (1 | ) |
CURRENCY LEGEND |
BRL – Brazilian real
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 109 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree U.S. Domestic Economy Fund (WUSA)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
United States – 99.9% | ||||||||
Aerospace & Defense – 1.3% | ||||||||
BWX Technologies, Inc. | 23 | $ | 1,391 | |||||
Harris Corp. | 35 | 4,958 | ||||||
Huntington Ingalls Industries, Inc. | 20 | 4,714 | ||||||
Northrop Grumman Corp. | 53 | 16,266 | ||||||
Orbital ATK, Inc. | 15 | 1,973 | ||||||
Spirit AeroSystems Holdings, Inc. Class A | 26 | 2,268 | ||||||
|
| |||||||
Total Aerospace & Defense | 31,570 | |||||||
Air Freight & Logistics – 0.1% | ||||||||
C.H. Robinson Worldwide, Inc. | 37 | 3,296 | ||||||
Airlines – 1.0% | ||||||||
Alaska Air Group, Inc. | 76 | 5,587 | ||||||
Southwest Airlines Co. | 259 | 16,951 | ||||||
|
| |||||||
Total Airlines | 22,538 | |||||||
Automobiles – 0.1% | ||||||||
Thor Industries, Inc. | 20 | 3,014 | ||||||
Banks – 13.6% | ||||||||
Bank of America Corp. | 2,872 | 84,781 | ||||||
Bank of the Ozarks, Inc. | 39 | 1,889 | ||||||
BB&T Corp. | 221 | 10,988 | ||||||
BOK Financial Corp. | 17 | 1,569 | ||||||
CIT Group, Inc. | 22 | 1,083 | ||||||
Citizens Financial Group, Inc. | 150 | 6,297 | ||||||
Comerica, Inc. | 46 | 3,993 | ||||||
Commerce Bancshares, Inc. | 26 | 1,452 | ||||||
Cullen/Frost Bankers, Inc. | 18 | 1,704 | ||||||
East West Bancorp, Inc. | 43 | 2,616 | ||||||
Fifth Third Bancorp | 327 | 9,921 | ||||||
First Republic Bank | 37 | 3,206 | ||||||
Huntington Bancshares, Inc. | 300 | 4,368 | ||||||
KeyCorp | 315 | 6,353 | ||||||
M&T Bank Corp. | 39 | 6,669 | ||||||
PacWest Bancorp | 38 | 1,915 | ||||||
People’s United Financial, Inc. | 78 | 1,459 | ||||||
Pinnacle Financial Partners, Inc. | 14 | 928 | ||||||
PNC Financial Services Group, Inc. (The) | 140 | 20,201 | ||||||
Regions Financial Corp. | 338 | 5,841 | ||||||
Signature Bank* | 14 | 1,922 | ||||||
Sterling Bancorp | 33 | 812 | ||||||
SunTrust Banks, Inc. | 138 | 8,913 | ||||||
SVB Financial Group* | 10 | 2,338 | ||||||
Synovus Financial Corp. | 31 | 1,486 | ||||||
U.S. Bancorp | 500 | 26,790 | ||||||
Webster Financial Corp. | 21 | 1,179 | ||||||
Wells Fargo & Co. | 1,597 | 96,890 | ||||||
Western Alliance Bancorp* | 26 | 1,472 | ||||||
Zions Bancorp | 55 | 2,796 | ||||||
|
| |||||||
Total Banks | 321,831 | |||||||
Beverages – 0.9% | ||||||||
Constellation Brands, Inc. Class A | 61 | 13,943 | ||||||
Dr. Pepper Snapple Group, Inc. | 55 | 5,338 | ||||||
National Beverage Corp. | 9 | 877 | ||||||
|
| |||||||
Total Beverages | 20,158 | |||||||
Biotechnology – 0.8% | ||||||||
Bioverativ, Inc.* | 58 | 3,127 | ||||||
Ionis Pharmaceuticals, Inc.* | 3 | 151 | ||||||
Regeneron Pharmaceuticals, Inc.* | 26 | 9,775 | ||||||
United Therapeutics Corp.* | 38 | 5,622 | ||||||
|
| |||||||
Total Biotechnology | 18,675 | |||||||
Building Products – 0.3% | ||||||||
Fortune Brands Home & Security, Inc. | 45 | 3,080 | ||||||
Lennox International, Inc. | 10 | 2,083 | ||||||
USG Corp.* | 33 | 1,272 | ||||||
|
| |||||||
Total Building Products | 6,435 | |||||||
Capital Markets – 2.0% | ||||||||
Ameriprise Financial, Inc. | 46 | 7,796 | ||||||
CBOE Global Markets, Inc. | 7 | 872 | ||||||
Charles Schwab Corp. (The) | 205 | 10,531 | ||||||
CME Group, Inc. | 49 | 7,157 | ||||||
E*TRADE Financial Corp.* | 58 | 2,875 | ||||||
Eaton Vance Corp. | 24 | 1,353 | ||||||
MarketAxess Holdings, Inc. | 3 | 605 | ||||||
Raymond James Financial, Inc. | 37 | 3,304 | ||||||
SEI Investments Co. | 22 | 1,581 | ||||||
T. Rowe Price Group, Inc. | 66 | 6,925 | ||||||
TD Ameritrade Holding Corp. | 83 | 4,244 | ||||||
|
| |||||||
Total Capital Markets | 47,243 | |||||||
Chemicals – 0.4% | ||||||||
Scotts Miracle-Gro Co. (The) | 13 | 1,391 | ||||||
Sherwin-Williams Co. (The) | 19 | 7,791 | ||||||
|
| |||||||
Total Chemicals | 9,182 | |||||||
Commercial Services & Supplies – 1.1% | ||||||||
Cintas Corp. | 22 | 3,428 | ||||||
Copart, Inc.* | 45 | 1,944 | ||||||
KAR Auction Services, Inc. | 31 | 1,566 | ||||||
Republic Services, Inc. | 97 | 6,558 | ||||||
Rollins, Inc. | 29 | 1,349 | ||||||
Waste Management, Inc. | 122 | 10,529 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 25,374 | |||||||
Construction Materials – 0.3% | ||||||||
Eagle Materials, Inc. | 14 | 1,586 | ||||||
Martin Marietta Materials, Inc. | 16 | 3,537 | ||||||
Vulcan Materials Co. | 23 | 2,952 | ||||||
|
| |||||||
Total Construction Materials | 8,075 | |||||||
Consumer Finance – 2.1% | ||||||||
Ally Financial, Inc. | 171 | 4,986 | ||||||
Capital One Financial Corp. | 173 | 17,227 | ||||||
Credit Acceptance Corp.*(a) | 6 | 1,941 | ||||||
Discover Financial Services | 151 | 11,615 | ||||||
Santander Consumer USA Holdings, Inc. | 188 | 3,501 |
See Notes to Financial Statements.
110 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree U.S. Domestic Economy Fund (WUSA)
December 31, 2017
Investments | Shares | Value | ||||||
Synchrony Financial | 284 | $ | 10,965 | |||||
|
| |||||||
Total Consumer Finance | 50,235 | |||||||
Containers & Packaging – 0.4% | ||||||||
Packaging Corp. of America | 32 | 3,858 | ||||||
WestRock Co. | 71 | 4,488 | ||||||
|
| |||||||
Total Containers & Packaging | 8,346 | |||||||
Distributors – 0.2% | ||||||||
Genuine Parts Co. | 46 | 4,370 | ||||||
Pool Corp. | 9 | 1,167 | ||||||
|
| |||||||
Total Distributors | 5,537 | |||||||
Diversified Consumer Services – 0.4% | ||||||||
Bright Horizons Family Solutions, Inc.* | 9 | 846 | ||||||
H&R Block, Inc. | 111 | 2,911 | ||||||
Service Corp. International | 73 | 2,724 | ||||||
ServiceMaster Global Holdings, Inc.* | 36 | 1,846 | ||||||
|
| |||||||
Total Diversified Consumer Services | 8,327 | |||||||
Diversified Financial Services – 3.5% | ||||||||
Berkshire Hathaway, Inc. Class B* | 404 | 80,081 | ||||||
Leucadia National Corp. | 104 | 2,755 | ||||||
|
| |||||||
Total Diversified Financial Services | 82,836 | |||||||
Diversified Telecommunication Services – 9.8% | ||||||||
AT&T, Inc. | 2,577 | 100,194 | ||||||
CenturyLink, Inc. | 167 | 2,785 | ||||||
Verizon Communications, Inc. | 2,457 | 130,049 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 233,028 | |||||||
Electric Utilities – 1.9% | ||||||||
Alliant Energy Corp. | 23 | 980 | ||||||
American Electric Power Co., Inc. | 59 | 4,341 | ||||||
Avangrid, Inc. | 30 | 1,517 | ||||||
Duke Energy Corp. | 72 | 6,056 | ||||||
Edison International | 48 | 3,036 | ||||||
Eversource Energy | 36 | 2,274 | ||||||
Exelon Corp. | 122 | 4,808 | ||||||
Great Plains Energy, Inc. | 3 | 97 | ||||||
NextEra Energy, Inc. | 62 | 9,684 | ||||||
OGE Energy Corp. | 27 | 889 | ||||||
PG&E Corp. | 97 | 4,348 | ||||||
Pinnacle West Capital Corp. | 14 | 1,193 | ||||||
Southern Co. (The) | 25 | 1,202 | ||||||
Westar Energy, Inc. | 14 | 739 | ||||||
Xcel Energy, Inc. | 55 | 2,646 | ||||||
|
| |||||||
Total Electric Utilities | 43,810 | |||||||
Electrical Equipment – 0.2% | ||||||||
Acuity Brands, Inc. | 13 | 2,288 | ||||||
Hubbell, Inc. | 15 | 2,030 | ||||||
|
| |||||||
Total Electrical Equipment | 4,318 | |||||||
Electronic Equipment, Instruments & Components – 0.1% | ||||||||
CDW Corp. | 49 | 3,405 | ||||||
Energy Equipment & Services – 0.0% | ||||||||
RPC, Inc.(a) | 25 | 638 | ||||||
Equity Real Estate Investment Trusts (REITs) – 4.9% | ||||||||
Alexandria Real Estate Equities, Inc. | 4 | 522 | ||||||
American Campus Communities, Inc. | 1 | 41 | ||||||
American Homes 4 Rent Class A | 1 | 22 | ||||||
Apartment Investment & Management Co. Class A | 27 | 1,180 | ||||||
AvalonBay Communities, Inc. | 27 | 4,817 | ||||||
Boston Properties, Inc. | 22 | 2,861 | ||||||
Brixmor Property Group, Inc. | 102 | 1,903 | ||||||
Camden Property Trust | 9 | 829 | ||||||
Crown Castle International Corp. | 23 | 2,553 | ||||||
CubeSmart | 23 | 665 | ||||||
DCT Industrial Trust, Inc. | 10 | 588 | ||||||
Douglas Emmett, Inc. | 12 | 493 | ||||||
Duke Realty Corp. | 55 | 1,497 | ||||||
Equity LifeStyle Properties, Inc. | 11 | 979 | ||||||
Equity Residential | 65 | 4,145 | ||||||
Essex Property Trust, Inc. | 12 | 2,896 | ||||||
Extra Space Storage, Inc. | 22 | 1,924 | ||||||
Federal Realty Investment Trust | 13 | 1,727 | ||||||
Forest City Realty Trust, Inc. Class A | 28 | 675 | ||||||
Gaming and Leisure Properties, Inc. | 59 | 2,183 | ||||||
GGP, Inc. | 163 | 3,813 | ||||||
HCP, Inc. | 118 | 3,077 | ||||||
Healthcare Trust of America, Inc. Class A | 7 | 210 | ||||||
Highwoods Properties, Inc. | 17 | 865 | ||||||
Host Hotels & Resorts, Inc. | 163 | 3,236 | ||||||
Hudson Pacific Properties, Inc. | 2 | 68 | ||||||
Kilroy Realty Corp. | 11 | 821 | ||||||
Kimco Realty Corp. | 112 | 2,033 | ||||||
Lamar Advertising Co. Class A | 22 | 1,633 | ||||||
Liberty Property Trust | 43 | 1,849 | ||||||
Macerich Co. (The) | 13 | 854 | ||||||
Mid-America Apartment Communities, Inc. | 13 | 1,307 | ||||||
National Retail Properties, Inc. | 28 | 1,208 | ||||||
Omega Healthcare Investors, Inc. | 33 | 909 | ||||||
Park Hotels & Resorts, Inc. | 486 | 13,972 | ||||||
Prologis, Inc. | 125 | 8,064 | ||||||
Public Storage | 32 | 6,688 | ||||||
Realty Income Corp. | 33 | 1,882 | ||||||
Regency Centers Corp. | 11 | 761 | ||||||
SBA Communications Corp.* | 3 | 490 | ||||||
Simon Property Group, Inc. | 62 | 10,648 | ||||||
SL Green Realty Corp. | 6 | 606 | ||||||
Sun Communities, Inc. | 3 | 278 | ||||||
UDR, Inc. | 41 | 1,579 | ||||||
Ventas, Inc. | 99 | 5,941 | ||||||
Vornado Realty Trust | 59 | 4,613 | ||||||
Welltower, Inc. | 62 | 3,954 | ||||||
Weyerhaeuser Co. | 51 | 1,798 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 115,657 | |||||||
Food & Staples Retailing – 2.6% | ||||||||
CVS Health Corp. | 546 | 39,585 | ||||||
Kroger Co. (The) | 455 | 12,490 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 111 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree U.S. Domestic Economy Fund (WUSA)
December 31, 2017
Investments | Shares | Value | ||||||
Sysco Corp. | 120 | $ | 7,288 | |||||
U.S. Foods Holding Corp.* | 67 | 2,139 | ||||||
|
| |||||||
Total Food & Staples Retailing | 61,502 | |||||||
Food Products – 1.9% | ||||||||
Blue Buffalo Pet Products, Inc.* | 42 | 1,377 | ||||||
Campbell Soup Co. | 130 | 6,254 | ||||||
Conagra Brands, Inc. | 133 | 5,010 | ||||||
Hershey Co. (The) | 42 | 4,767 | ||||||
Hormel Foods Corp. | 170 | 6,186 | ||||||
J.M. Smucker Co. (The) | 40 | 4,970 | ||||||
Pilgrim’s Pride Corp.* | 109 | 3,386 | ||||||
Pinnacle Foods, Inc. | 23 | 1,368 | ||||||
Post Holdings, Inc.* | 3 | 238 | ||||||
Tyson Foods, Inc. Class A | 148 | 11,998 | ||||||
|
| |||||||
Total Food Products | 45,554 | |||||||
Gas Utilities – 0.1% | ||||||||
Atmos Energy Corp. | 10 | 859 | ||||||
National Fuel Gas Co. | 12 | 659 | ||||||
|
| |||||||
Total Gas Utilities | 1,518 | |||||||
Health Care Equipment & Supplies – 0.0% | ||||||||
ABIOMED, Inc.* | 3 | 562 | ||||||
Health Care Providers & Services – 11.1% | ||||||||
Aetna, Inc. | 77 | 13,890 | ||||||
AmerisourceBergen Corp. | 87 | 7,988 | ||||||
Anthem, Inc. | 107 | 24,076 | ||||||
Cardinal Health, Inc. | 138 | 8,455 | ||||||
Centene Corp.* | 66 | 6,658 | ||||||
Cigna Corp. | 80 | 16,247 | ||||||
DaVita, Inc.* | 76 | 5,491 | ||||||
Express Scripts Holding Co.* | 419 | 31,274 | ||||||
HCA Healthcare, Inc.* | 220 | 19,325 | ||||||
Humana, Inc. | 57 | 14,140 | ||||||
Laboratory Corp. of America Holdings* | 30 | 4,785 | ||||||
McKesson Corp. | 209 | 32,594 | ||||||
Quest Diagnostics, Inc. | 54 | 5,319 | ||||||
UnitedHealth Group, Inc. | 295 | 65,036 | ||||||
Universal Health Services, Inc. Class B | 44 | 4,987 | ||||||
WellCare Health Plans, Inc.* | 14 | 2,816 | ||||||
|
| |||||||
Total Health Care Providers & Services | 263,081 | |||||||
Health Care Technology – 0.2% | ||||||||
athenahealth, Inc.* | 2 | 266 | ||||||
Cerner Corp.* | 67 | 4,515 | ||||||
|
| |||||||
Total Health Care Technology | 4,781 | |||||||
Hotels, Restaurants & Leisure – 0.8% | ||||||||
Chipotle Mexican Grill, Inc.* | 4 | 1,156 | ||||||
Darden Restaurants, Inc. | 42 | 4,033 | ||||||
Domino’s Pizza, Inc. | 10 | 1,890 | ||||||
Hilton Worldwide Holdings, Inc. | 2 | 160 | ||||||
Marriott International, Inc. Class A | 70 | 9,501 | ||||||
Six Flags Entertainment Corp. | 20 | 1,331 | ||||||
Vail Resorts, Inc. | 6 | 1,275 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 19,346 | |||||||
Household Durables – 1.3% | ||||||||
CalAtlantic Group, Inc. | 63 | 3,553 | ||||||
D.R. Horton, Inc. | 161 | 8,222 | ||||||
Lennar Corp. Class A | 102 | 6,450 | ||||||
NVR, Inc.* | 1 | 3,508 | ||||||
PulteGroup, Inc. | 150 | 4,988 | ||||||
Toll Brothers, Inc. | 75 | 3,602 | ||||||
|
| |||||||
Total Household Durables | 30,323 | |||||||
Household Products – 0.3% | ||||||||
Church & Dwight Co., Inc. | 61 | 3,060 | ||||||
Clorox Co. (The) | 33 | 4,909 | ||||||
|
| |||||||
Total Household Products | 7,969 | |||||||
Independent Power & Renewable Electricity Producers – 2.0% | ||||||||
Vistra Energy Corp.* | 2,549 | 46,698 | ||||||
Insurance – 3.4% | ||||||||
Allstate Corp. (The) | 127 | 13,298 | ||||||
American Financial Group, Inc. | 33 | 3,582 | ||||||
Assurant, Inc. | 10 | 1,008 | ||||||
Brown & Brown, Inc. | 24 | 1,235 | ||||||
Cincinnati Financial Corp. | 34 | 2,549 | ||||||
CNA Financial Corp. | 78 | 4,138 | ||||||
Erie Indemnity Co. Class A | 9 | 1,097 | ||||||
First American Financial Corp. | 24 | 1,345 | ||||||
FNF Group | 73 | 2,864 | ||||||
Hartford Financial Services Group, Inc. (The) | 45 | 2,533 | ||||||
Lincoln National Corp. | 93 | 7,149 | ||||||
Loews Corp. | 98 | 4,903 | ||||||
Old Republic International Corp. | 93 | 1,988 | ||||||
Principal Financial Group, Inc. | 112 | 7,903 | ||||||
Progressive Corp. (The) | 127 | 7,153 | ||||||
Torchmark Corp. | 31 | 2,812 | ||||||
Travelers Cos., Inc. (The) | 82 | 11,122 | ||||||
Unum Group | 80 | 4,391 | ||||||
|
| |||||||
Total Insurance | 81,070 | |||||||
Internet Software & Services – 0.1% | ||||||||
CoStar Group, Inc.* | 3 | 891 | ||||||
GrubHub, Inc.* | 7 | 502 | ||||||
|
| |||||||
Total Internet Software & Services | 1,393 | |||||||
IT Services – 2.0% | ||||||||
Alliance Data Systems Corp. | 14 | 3,549 | ||||||
Automatic Data Processing, Inc. | 102 | 11,953 | ||||||
Black Knight, Inc.* | 8 | 353 | ||||||
Booz Allen Hamilton Holding Corp. | 56 | 2,135 | ||||||
Broadridge Financial Solutions, Inc. | 28 | 2,536 | ||||||
First Data Corp. Class A* | 275 | 4,595 | ||||||
Fiserv, Inc.* | 52 | 6,819 | ||||||
Jack Henry & Associates, Inc. | 17 | 1,988 | ||||||
Leidos Holdings, Inc. | 38 | 2,454 | ||||||
Paychex, Inc. | 95 | 6,468 |
See Notes to Financial Statements.
112 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree U.S. Domestic Economy Fund (WUSA)
December 31, 2017
Investments | Shares | Value | ||||||
Total System Services, Inc. | 38 | $ | 3,006 | |||||
Vantiv, Inc. Class A* | 25 | 1,839 | ||||||
WEX, Inc.* | 4 | 565 | ||||||
|
| |||||||
Total IT Services | 48,260 | |||||||
Machinery – 0.1% | ||||||||
Trinity Industries, Inc. | 48 | 1,798 | ||||||
Media – 5.1% | ||||||||
CBS Corp. Class B Non-Voting Shares | 177 | 10,443 | ||||||
Charter Communications, Inc. Class A* | 19 | 6,383 | ||||||
Comcast Corp. Class A | 1,917 | 76,776 | ||||||
DISH Network Corp. Class A* | 217 | 10,362 | ||||||
Liberty Broadband Corp. Class C* | 2 | 170 | ||||||
Liberty Media Corp – Liberty Formula One Series C* | 80 | 2,733 | ||||||
Liberty Media Corp – Liberty SiriusXM Series C* | 65 | 2,578 | ||||||
Scripps Networks Interactive, Inc. Class A | 55 | 4,696 | ||||||
Sirius XM Holdings, Inc.(a) | 1,243 | 6,662 | ||||||
|
| |||||||
Total Media | 120,803 | |||||||
Metals & Mining – 0.6% | ||||||||
Nucor Corp. | 128 | 8,138 | ||||||
Reliance Steel & Aluminum Co. | 32 | 2,745 | ||||||
Steel Dynamics, Inc. | 98 | 4,227 | ||||||
|
| |||||||
Total Metals & Mining | 15,110 | |||||||
Multi-Utilities – 0.8% | ||||||||
Ameren Corp. | 23 | 1,357 | ||||||
CenterPoint Energy, Inc. | 49 | 1,390 | ||||||
CMS Energy Corp. | 26 | 1,230 | ||||||
Consolidated Edison, Inc. | 33 | 2,803 | ||||||
Dominion Energy, Inc. | 61 | 4,945 | ||||||
DTE Energy Co. | 20 | 2,189 | ||||||
MDU Resources Group, Inc. | 20 | 537 | ||||||
NiSource, Inc. | 24 | 616 | ||||||
Public Service Enterprise Group, Inc. | 24 | 1,236 | ||||||
SCANA Corp. | 23 | 915 | ||||||
Vectren Corp. | 8 | 520 | ||||||
WEC Energy Group, Inc. | 33 | 2,192 | ||||||
|
| |||||||
Total Multi-Utilities | 19,930 | |||||||
Multiline Retail – 2.3% | ||||||||
Dollar General Corp. | 103 | 9,580 | ||||||
Dollar Tree, Inc.* | 67 | 7,190 | ||||||
Kohl’s Corp. | 102 | 5,531 | ||||||
Macy’s, Inc. | 213 | 5,366 | ||||||
Nordstrom, Inc. | 88 | 4,169 | ||||||
Target Corp. | 340 | 22,185 | ||||||
|
| |||||||
Total Multiline Retail | 54,021 | |||||||
Oil, Gas & Consumable Fuels – 2.8% | ||||||||
Andeavor | 51 | 5,831 | ||||||
Cimarex Energy Co. | 26 | 3,172 | ||||||
Concho Resources, Inc.* | 31 | 4,657 | ||||||
Devon Energy Corp. | 286 | 11,840 | ||||||
Diamondback Energy, Inc.* | 28 | 3,535 | ||||||
EOG Resources, Inc. | 1 | 108 | ||||||
EQT Corp. | 1 | 57 | ||||||
HollyFrontier Corp. | 56 | 2,868 | ||||||
Kinder Morgan, Inc. | 523 | 9,451 | ||||||
Marathon Petroleum Corp. | 200 | 13,196 | ||||||
Newfield Exploration Co.* | 79 | 2,491 | ||||||
ONEOK, Inc. | 62 | 3,314 | ||||||
Parsley Energy, Inc. Class A* | 8 | 235 | ||||||
Pioneer Natural Resources Co. | 6 | 1,037 | ||||||
RSP Permian, Inc.* | 20 | 814 | ||||||
Williams Cos., Inc. (The) | 126 | 3,842 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 66,448 | |||||||
Professional Services – 0.1% | ||||||||
Robert Half International, Inc. | 37 | 2,055 | ||||||
TransUnion* | 24 | 1,319 | ||||||
|
| |||||||
Total Professional Services | 3,374 | |||||||
Real Estate Management & Development – 0.0% | ||||||||
Howard Hughes Corp. (The)* | 3 | 394 | ||||||
Road & Rail – 3.0% | ||||||||
AMERCO | 6 | 2,267 | ||||||
CSX Corp. | 250 | 13,753 | ||||||
JB Hunt Transport Services, Inc. | 29 | 3,334 | ||||||
Knight-Swift Transportation Holdings, Inc. | 11 | 481 | ||||||
Norfolk Southern Corp. | 103 | 14,925 | ||||||
Old Dominion Freight Line, Inc. | 20 | 2,631 | ||||||
Union Pacific Corp. | 247 | 33,123 | ||||||
|
| |||||||
Total Road & Rail | 70,514 | |||||||
Software – 0.5% | ||||||||
CDK Global, Inc. | 27 | 1,925 | ||||||
Intuit, Inc. | 47 | 7,416 | ||||||
Tyler Technologies, Inc.* | 6 | 1,062 | ||||||
Ultimate Software Group, Inc. (The)* | 1 | 218 | ||||||
|
| |||||||
Total Software | 10,621 | |||||||
Specialty Retail – 6.6% | ||||||||
Advance Auto Parts, Inc. | 28 | 2,791 | ||||||
AutoNation, Inc.*(a) | 54 | 2,772 | ||||||
AutoZone, Inc.* | 12 | 8,537 | ||||||
Best Buy Co., Inc. | 141 | 9,654 | ||||||
Burlington Stores, Inc.* | 19 | 2,338 | ||||||
CarMax, Inc.* | 80 | 5,130 | ||||||
Home Depot, Inc. (The) | 338 | 64,061 | ||||||
L Brands, Inc. | 116 | 6,986 | ||||||
Lowe’s Cos., Inc. | 305 | 28,347 | ||||||
O’Reilly Automotive, Inc.* | 34 | 8,178 | ||||||
Ross Stores, Inc. | 124 | 9,951 | ||||||
Tractor Supply Co. | 51 | 3,812 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 17 | 3,802 | ||||||
|
| |||||||
Total Specialty Retail | 156,359 | |||||||
Textiles, Apparel & Luxury Goods – 0.1% | ||||||||
Carter’s, Inc. | 16 | 1,880 | ||||||
Thrifts & Mortgage Finance – 0.2% | ||||||||
MGIC Investment Corp.* | 142 | 2,004 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 113 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree U.S. Domestic Economy Fund (WUSA)
December 31, 2017
Investments | Shares | Value | ||||||
New York Community Bancorp, Inc. | 159 | $ | 2,070 | |||||
|
| |||||||
Total Thrifts & Mortgage Finance | 4,074 | |||||||
Tobacco – 5.1% | ||||||||
Altria Group, Inc. | 1,704 | 121,683 | ||||||
Trading Companies & Distributors – 0.5% | ||||||||
Fastenal Co. | 70 | 3,828 | ||||||
HD Supply Holdings, Inc.* | 50 | 2,002 | ||||||
United Rentals, Inc.* | 26 | 4,470 | ||||||
Watsco, Inc. | 7 | 1,190 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 11,490 | |||||||
Transportation Infrastructure – 0.1% | ||||||||
Macquarie Infrastructure Corp. | 19 | 1,220 | ||||||
Water Utilities – 0.1% | ||||||||
American Water Works Co., Inc. | 14 | 1,281 | ||||||
Aqua America, Inc. | 15 | 588 | ||||||
|
| |||||||
Total Water Utilities | 1,869 | |||||||
Wireless Telecommunication Services – 0.7% | ||||||||
T-Mobile U.S., Inc.* | 273 | 17,338 | ||||||
TOTAL COMMON STOCKS (Cost: $2,135,657) | 2,364,511 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% | ||||||||
United States – 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b) | ||||||||
(Cost: $5,210)(c) | 5,210 | 5,210 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.1% (Cost: $2,140,867) | 2,369,721 | |||||||
Other Assets less Liabilities – (0.1)% | (2,331 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,367,390 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 2017 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of December 31, 2017. |
(c) | At December 31, 2017, the total market value of the Fund’s securities on loan was $8,792 and the total market value of the collateral held by the Fund was $9,011. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,801. |
See Notes to Financial Statements.
114 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree U.S. Export and Multinational Fund (WEXP)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
United States – 99.9% | ||||||||
Aerospace & Defense – 3.7% | ||||||||
Boeing Co. (The) | 59 | $ | 17,400 | |||||
Hexcel Corp. | 12 | 742 | ||||||
Rockwell Collins, Inc. | 9 | 1,221 | ||||||
United Technologies Corp. | 78 | 9,950 | ||||||
|
| |||||||
Total Aerospace & Defense | 29,313 | |||||||
Air Freight & Logistics – 0.2% | ||||||||
Expeditors International of Washington, Inc. | 22 | 1,423 | ||||||
XPO Logistics, Inc.* | 2 | 183 | ||||||
|
| |||||||
Total Air Freight & Logistics | 1,606 | |||||||
Airlines – 0.5% | ||||||||
United Continental Holdings, Inc.* | 55 | 3,707 | ||||||
Auto Components – 1.0% | ||||||||
BorgWarner, Inc. | 19 | 971 | ||||||
Gentex Corp. | 47 | 984 | ||||||
Goodyear Tire & Rubber Co. (The) | 71 | 2,294 | ||||||
Lear Corp. | 21 | 3,710 | ||||||
|
| |||||||
Total Auto Components | 7,959 | |||||||
Banks – 4.2% | ||||||||
Citigroup, Inc. | 453 | 33,708 | ||||||
Beverages – 4.0% | ||||||||
Brown-Forman Corp. Class B | 24 | 1,648 | ||||||
Coca-Cola Co. (The) | 224 | 10,277 | ||||||
Molson Coors Brewing Co. Class B | 89 | 7,304 | ||||||
PepsiCo, Inc. | 104 | 12,472 | ||||||
|
| |||||||
Total Beverages | 31,701 | |||||||
Biotechnology – 0.1% | ||||||||
Alexion Pharmaceuticals, Inc.* | 10 | 1,196 | ||||||
Building Products – 0.1% | ||||||||
A.O. Smith Corp. | 11 | 674 | ||||||
Capital Markets – 2.6% | ||||||||
Goldman Sachs Group, Inc. (The) | 54 | 13,757 | ||||||
Moody’s Corp. | 15 | 2,214 | ||||||
MSCI, Inc. | 6 | 760 | ||||||
State Street Corp. | 41 | 4,002 | ||||||
|
| |||||||
Total Capital Markets | 20,733 | |||||||
Chemicals – 4.7% | ||||||||
Air Products & Chemicals, Inc. | 22 | 3,610 | ||||||
Albemarle Corp. | 8 | 1,023 | ||||||
Celanese Corp. Series A | 24 | 2,570 | ||||||
Chemours Co. (The) | 14 | 701 | ||||||
DowDuPont, Inc. | 117 | 8,333 | ||||||
Eastman Chemical Co. | 27 | 2,501 | ||||||
Ecolab, Inc. | 20 | 2,684 | ||||||
FMC Corp. | 8 | 757 | ||||||
Huntsman Corp. | 43 | 1,431 | ||||||
International Flavors & Fragrances, Inc. | 10 | 1,526 | ||||||
Monsanto Co. | 35 | 4,087 | ||||||
Mosaic Co. (The) | 34 | 872 | ||||||
PPG Industries, Inc. | 27 | 3,154 | ||||||
Praxair, Inc. | 26 | 4,022 | ||||||
W.R. Grace & Co. | 4 | 281 | ||||||
|
| |||||||
Total Chemicals | 37,552 | |||||||
Communications Equipment – 1.2% | ||||||||
Cisco Systems, Inc. | 205 | 7,851 | ||||||
CommScope Holding Co., Inc.* | 2 | 76 | ||||||
F5 Networks, Inc.* | 3 | 394 | ||||||
Juniper Networks, Inc. | 18 | 513 | ||||||
Motorola Solutions, Inc. | 5 | 452 | ||||||
Ubiquiti Networks, Inc.*(a) | 3 | 213 | ||||||
|
| |||||||
Total Communications Equipment | 9,499 | |||||||
Construction & Engineering – 0.1% | ||||||||
Fluor Corp. | 7 | 361 | ||||||
Jacobs Engineering Group, Inc. | 7 | 462 | ||||||
|
| |||||||
Total Construction & Engineering | 823 | |||||||
Containers & Packaging – 0.6% | ||||||||
AptarGroup, Inc. | 7 | 604 | ||||||
Avery Dennison Corp. | 12 | 1,378 | ||||||
Ball Corp. | 11 | 417 | ||||||
Crown Holdings, Inc.* | 29 | 1,631 | ||||||
Sealed Air Corp. | 13 | 641 | ||||||
|
| |||||||
Total Containers & Packaging | 4,671 | |||||||
Electrical Equipment – 0.9% | ||||||||
AMETEK, Inc. | 18 | 1,304 | ||||||
Emerson Electric Co. | 56 | 3,903 | ||||||
Rockwell Automation, Inc. | 9 | 1,767 | ||||||
|
| |||||||
Total Electrical Equipment | 6,974 | |||||||
Electronic Equipment, Instruments & Components – 0.9% | ||||||||
Amphenol Corp. Class A | 14 | 1,229 | ||||||
Arrow Electronics, Inc.* | 7 | 563 | ||||||
Avnet, Inc. | 6 | 238 | ||||||
Cognex Corp. | 6 | 367 | ||||||
Coherent, Inc.* | 1 | 282 | ||||||
Corning, Inc. | 89 | 2,847 | ||||||
FLIR Systems, Inc. | 2 | 93 | ||||||
IPG Photonics Corp.* | 3 | 642 | ||||||
Jabil, Inc. | 4 | 105 | ||||||
Keysight Technologies, Inc.* | 8 | 333 | ||||||
National Instruments Corp. | 1 | 42 | ||||||
Trimble, Inc.* | 4 | 162 | ||||||
Universal Display Corp. | 1 | 173 | ||||||
Zebra Technologies Corp. Class A* | 1 | 104 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 7,180 | |||||||
Energy Equipment & Services – 0.1% | ||||||||
Halliburton Co. | 15 | 733 | ||||||
Equity Real Estate Investment Trusts (REITs) – 0.3% | ||||||||
American Tower Corp. | 13 | 1,855 | ||||||
Equinix, Inc. | 1 | 453 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 2,308 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 115 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree U.S. Export and Multinational Fund (WEXP)
December 31, 2017
Investments | Shares | Value | ||||||
Food Products – 1.6% | ||||||||
Archer-Daniels-Midland Co. | 64 | $ | 2,565 | |||||
Ingredion, Inc. | 9 | 1,258 | ||||||
Kellogg Co. | 21 | 1,428 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 8 | 815 | ||||||
Mondelez International, Inc. Class A | 151 | 6,463 | ||||||
|
| |||||||
Total Food Products | 12,529 | |||||||
Health Care Equipment & Supplies – 3.0% | ||||||||
Abbott Laboratories | 105 | 5,992 | ||||||
Baxter International, Inc. | 40 | 2,586 | ||||||
Becton, Dickinson and Co. | 7 | 1,498 | ||||||
Boston Scientific Corp.* | 73 | 1,810 | ||||||
Cooper Cos., Inc. (The) | 4 | 871 | ||||||
Danaher Corp. | 66 | 6,126 | ||||||
Edwards Lifesciences Corp.* | 12 | 1,352 | ||||||
ResMed, Inc. | 8 | 678 | ||||||
Teleflex, Inc. | 2 | 498 | ||||||
Varian Medical Systems, Inc.* | 6 | 667 | ||||||
West Pharmaceutical Services, Inc. | 4 | 395 | ||||||
Zimmer Biomet Holdings, Inc. | 10 | 1,207 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 23,680 | |||||||
Health Care Technology – 0.0% | ||||||||
Veeva Systems, Inc. Class A* | 3 | 166 | ||||||
Hotels, Restaurants & Leisure – 3.4% | ||||||||
Las Vegas Sands Corp. | 104 | 7,227 | ||||||
McDonald’s Corp. | 93 | 16,007 | ||||||
Wynn Resorts Ltd. | 6 | 1,012 | ||||||
Yum! Brands, Inc. | 32 | 2,611 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 26,857 | |||||||
Household Durables – 0.2% | ||||||||
Whirlpool Corp. | 10 | 1,686 | ||||||
Household Products – 4.6% | ||||||||
Colgate-Palmolive Co. | 95 | 7,168 | ||||||
Kimberly-Clark Corp. | 39 | 4,705 | ||||||
Procter & Gamble Co. (The) | 268 | 24,624 | ||||||
|
| |||||||
Total Household Products | 36,497 | |||||||
Industrial Conglomerates – 5.4% | ||||||||
3M Co. | 58 | 13,651 | ||||||
General Electric Co. | 1,146 | 19,998 | ||||||
Honeywell International, Inc. | 61 | 9,355 | ||||||
|
| |||||||
Total Industrial Conglomerates | 43,004 | |||||||
Insurance – 2.1% | ||||||||
Aflac, Inc. | 95 | 8,339 | ||||||
Marsh & McLennan Cos., Inc. | 49 | 3,988 | ||||||
MetLife, Inc. | 60 | 3,034 | ||||||
Reinsurance Group of America, Inc. | 11 | 1,715 | ||||||
|
| |||||||
Total Insurance | 17,076 | |||||||
Internet & Catalog Retail – 1.6% | ||||||||
Expedia, Inc. | 7 | 839 | ||||||
Priceline Group, Inc. (The)* | 7 | 12,164 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 13,003 | |||||||
Internet Software & Services – 4.8% | ||||||||
Alphabet, Inc. Class A* | 17 | 17,908 | ||||||
eBay, Inc.* | 184 | 6,944 | ||||||
Facebook, Inc. Class A* | 73 | 12,881 | ||||||
VeriSign, Inc.* | 2 | 229 | ||||||
|
| |||||||
Total Internet Software & Services | 37,962 | |||||||
IT Services – 3.1% | ||||||||
DXC Technology Co. | 4 | 380 | ||||||
EPAM Systems, Inc.* | 1 | 107 | ||||||
International Business Machines Corp. | 74 | 11,353 | ||||||
MasterCard, Inc. Class A | 32 | 4,844 | ||||||
PayPal Holdings, Inc.* | 18 | 1,325 | ||||||
Sabre Corp. | 5 | 103 | ||||||
Visa, Inc. Class A | 50 | 5,701 | ||||||
Western Union Co. (The) | 45 | 855 | ||||||
|
| |||||||
Total IT Services | 24,668 | |||||||
Leisure Products – 0.2% | ||||||||
Hasbro, Inc. | 14 | 1,273 | ||||||
Life Sciences Tools & Services – 1.7% | ||||||||
Agilent Technologies, Inc. | 29 | 1,942 | ||||||
Bio-Rad Laboratories, Inc. Class A* | 1 | 239 | ||||||
Bio-Techne Corp. | 1 | 130 | ||||||
Bruker Corp. | 11 | 377 | ||||||
Illumina, Inc.* | 7 | 1,529 | ||||||
IQVIA Holdings, Inc.* | 2 | 196 | ||||||
Mettler-Toledo International, Inc.* | 2 | 1,239 | ||||||
PerkinElmer, Inc. | 10 | 731 | ||||||
PRA Health Sciences, Inc.* | 2 | 182 | ||||||
Thermo Fisher Scientific, Inc. | 26 | 4,937 | ||||||
Waters Corp.* | 9 | 1,739 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 13,241 | |||||||
Machinery – 4.2% | ||||||||
AGCO Corp. | 9 | 643 | ||||||
Caterpillar, Inc. | 25 | 3,940 | ||||||
Cummins, Inc. | 19 | 3,356 | ||||||
Deere & Co. | 25 | 3,913 | ||||||
Donaldson Co., Inc. | 11 | 539 | ||||||
Dover Corp. | 12 | 1,212 | ||||||
Flowserve Corp. | 8 | 337 | ||||||
Fortive Corp. | 25 | 1,809 | ||||||
Graco, Inc. | 9 | 407 | ||||||
IDEX Corp. | 5 | 660 | ||||||
Illinois Tool Works, Inc. | 31 | 5,172 | ||||||
Lincoln Electric Holdings, Inc. | 5 | 458 | ||||||
Nordson Corp. | 6 | 878 | ||||||
PACCAR, Inc. | 36 | 2,559 | ||||||
Parker-Hannifin Corp. | 11 | 2,195 | ||||||
Stanley Black & Decker, Inc. | 14 | 2,376 | ||||||
WABCO Holdings, Inc.* | 8 | 1,148 | ||||||
Wabtec Corp.(a) | 8 | 651 | ||||||
Xylem, Inc. | 12 | 818 | ||||||
|
| |||||||
Total Machinery | 33,071 |
See Notes to Financial Statements.
116 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree U.S. Export and Multinational Fund (WEXP)
December 31, 2017
Investments | Shares | Value | ||||||
Media – 0.4% | ||||||||
Interpublic Group of Cos., Inc. (The) | 45 | $ | 907 | |||||
Omnicom Group, Inc. | 29 | 2,112 | ||||||
|
| |||||||
Total Media | 3,019 | |||||||
Metals & Mining – 0.6% | ||||||||
Alcoa Corp.* | 14 | 754 | ||||||
Freeport-McMoRan, Inc.* | 171 | 3,242 | ||||||
Newmont Mining Corp. | 6 | 225 | ||||||
Royal Gold, Inc. | 4 | 329 | ||||||
|
| |||||||
Total Metals & Mining | 4,550 | |||||||
Oil, Gas & Consumable Fuels – 6.9% | ||||||||
Apache Corp. | 41 | 1,731 | ||||||
Chevron Corp. | 130 | 16,275 | ||||||
Exxon Mobil Corp. | 442 | 36,969 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 54,975 | |||||||
Personal Products – 0.5% | ||||||||
Estee Lauder Cos., Inc. (The) Class A | 31 | 3,945 | ||||||
Pharmaceuticals – 9.4% | ||||||||
Bristol-Myers Squibb Co. | 120 | 7,354 | ||||||
Catalent, Inc.* | 4 | 164 | ||||||
Eli Lilly & Co. | 51 | 4,307 | ||||||
Johnson & Johnson | 233 | 32,555 | ||||||
Merck & Co., Inc. | 132 | 7,428 | ||||||
Pfizer, Inc. | 587 | 21,261 | ||||||
Zoetis, Inc. | 28 | 2,017 | ||||||
|
| |||||||
Total Pharmaceuticals | 75,086 | |||||||
Professional Services – 0.2% | ||||||||
ManpowerGroup, Inc. | 13 | 1,640 | ||||||
Real Estate Management & Development – 0.3% | ||||||||
CBRE Group, Inc. Class A* | 34 | 1,472 | ||||||
Jones Lang LaSalle, Inc. | 6 | 894 | ||||||
|
| |||||||
Total Real Estate Management & Development | 2,366 | |||||||
Road & Rail – 0.1% | ||||||||
Kansas City Southern | 11 | 1,157 | ||||||
Semiconductors & Semiconductor Equipment – 7.4% | ||||||||
Analog Devices, Inc. | 10 | 890 | ||||||
Applied Materials, Inc. | 96 | 4,908 | ||||||
Intel Corp. | 410 | 18,926 | ||||||
KLA-Tencor Corp. | 15 | 1,576 | ||||||
Lam Research Corp. | 16 | 2,945 | ||||||
Maxim Integrated Products, Inc. | 18 | 941 | ||||||
Microchip Technology, Inc. | 8 | 703 | ||||||
Micron Technology, Inc.* | 164 | 6,744 | ||||||
Microsemi Corp.* | 2 | 103 | ||||||
MKS Instruments, Inc. | 2 | 189 | ||||||
NVIDIA Corp. | 20 | 3,870 | ||||||
ON Semiconductor Corp.* | 24 | 503 | ||||||
QUALCOMM, Inc. | 118 | 7,554 | ||||||
Skyworks Solutions, Inc. | 16 | 1,519 | ||||||
Teradyne, Inc. | 13 | 544 | ||||||
Texas Instruments, Inc. | 62 | 6,475 | ||||||
Xilinx, Inc. | 12 | 809 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 59,199 | |||||||
Software – 4.2% | ||||||||
Activision Blizzard, Inc. | 17 | 1,076 | ||||||
Adobe Systems, Inc.* | 8 | 1,402 | ||||||
ANSYS, Inc.* | 3 | 443 | ||||||
Cadence Design Systems, Inc.* | 6 | 251 | ||||||
Citrix Systems, Inc.* | 4 | 352 | ||||||
Electronic Arts, Inc.* | 11 | 1,156 | ||||||
Fortinet, Inc.* | 1 | 44 | ||||||
Guidewire Software, Inc.* | 1 | 74 | ||||||
Microsoft Corp. | 224 | 19,161 | ||||||
Oracle Corp. | 168 | 7,943 | ||||||
PTC, Inc.* | 1 | 61 | ||||||
Red Hat, Inc.* | 2 | 240 | ||||||
Synopsys, Inc.* | 2 | 170 | ||||||
Take-Two Interactive Software, Inc.* | 1 | 110 | ||||||
VMware, Inc. Class A*(a) | 10 | 1,253 | ||||||
|
| |||||||
Total Software | 33,736 | |||||||
Specialty Retail – 0.1% | ||||||||
Tiffany & Co. | 11 | 1,144 | ||||||
Technology Hardware, Storage & Peripherals – 3.4% | ||||||||
Apple, Inc. | 126 | 21,323 | ||||||
Hewlett Packard Enterprise Co. | 33 | 474 | ||||||
HP, Inc. | 126 | 2,647 | ||||||
NetApp, Inc. | 9 | 498 | ||||||
Western Digital Corp. | 22 | 1,750 | ||||||
Xerox Corp. | 10 | 291 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 26,983 | |||||||
Textiles, Apparel & Luxury Goods – 1.6% | ||||||||
NIKE, Inc. Class B | 161 | 10,070 | ||||||
PVH Corp. | 9 | 1,235 | ||||||
Ralph Lauren Corp. | 1 | 104 | ||||||
Tapestry, Inc. | 23 | 1,017 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 12,426 | |||||||
Tobacco – 3.7% | ||||||||
Philip Morris International, Inc. | 279 | 29,476 | ||||||
TOTAL COMMON STOCKS (Cost: $695,236) | 794,752 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% | ||||||||
United States – 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b) | ||||||||
(Cost: $1,297)(c) | 1,297 | 1,297 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.1% (Cost: $696,533) | 796,049 | |||||||
Other Assets less Liabilities – (0.1)% | (445 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 795,604 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 2017 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of December 31, 2017. |
(c) | At December 31, 2017, the total market value of the Fund’s securities on loan was $1,840 and the total market value of the collateral held by the Fund was $1,880. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $583. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 117 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
December 31, 2017
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 98.4% | ||||||||
United States – 98.4% | ||||||||
21st Century Fox America, Inc. | $ | 44,000 | $ | 54,627 | ||||
ABB Finance USA, Inc. | 63,000 | 64,093 | ||||||
Abbott Laboratories | 74,000 | 73,428 | ||||||
4.90%, 11/30/46 | 32,000 | 36,837 | ||||||
AbbVie, Inc. | 31,000 | 33,836 | ||||||
American International Group, Inc. | 35,000 | 35,706 | ||||||
4.80%, 7/10/45 | 27,000 | 30,401 | ||||||
Amgen, Inc. | 61,000 | 73,471 | ||||||
Anthem, Inc. | 15,000 | 16,511 | ||||||
Apple, Inc. | 69,000 | 71,864 | ||||||
AT&T, Inc. | 37,000 | 37,893 | ||||||
5.45%, 3/1/47 | 50,000 | 53,638 | ||||||
4.50%, 3/9/48 | 117,000 | 110,065 | ||||||
Bank of America Corp. | 62,000 | 65,993 | ||||||
4.45%, 3/3/26 | 47,000 | 50,254 | ||||||
5.00%, 1/21/44 | 58,000 | 70,227 | ||||||
BB&T Corp. | 45,000 | 47,340 | ||||||
Berkshire Hathaway Energy Co. | 73,000 | 97,860 | ||||||
Block Financial LLC | 46,000 | 49,476 | ||||||
CBS Corp. | 11,000 | 11,259 | ||||||
Celgene Corp. | 74,000 | 74,737 | ||||||
Chevron Corp. | 124,000 | 123,102 | ||||||
Citigroup, Inc. | 91,000 | 90,926 | ||||||
5.50%, 9/13/25 | 134,000 | 151,197 | ||||||
Comcast Corp. | 12,000 | 13,102 | ||||||
4.65%, 7/15/42 | 46,000 | 51,897 | ||||||
CVS Health Corp. | 60,000 | 66,615 | ||||||
Discovery Communications LLC | 20,000 | 20,954 | ||||||
Dow Chemical Co. (The) | 147,000 | 154,264 | ||||||
Duke Energy Corp. | 38,000 | 36,480 | ||||||
3.15%, 8/15/27 | 29,000 | 28,850 | ||||||
Edison International | 20,000 | 19,836 | ||||||
EI du Pont de Nemours & Co. | 88,000 | 87,868 | ||||||
EPR Properties | 33,000 | 36,021 | ||||||
Exelon Corp. | 44,000 | 44,885 | ||||||
Express Scripts Holding Co. | 12,000 | 12,816 | ||||||
FedEx Corp. | 12,000 | 13,232 | ||||||
General Motors Co. | 18,000 | 22,743 | ||||||
General Motors Financial Co., Inc. | 42,000 | 43,762 | ||||||
Gilead Sciences, Inc. | 31,000 | 33,059 | ||||||
Goldman Sachs Group, Inc. (The) | 62,000 | 67,228 | ||||||
3.85%, 7/8/24 | 61,000 | 63,326 | ||||||
Hartford Financial Services Group, Inc. (The) | 32,000 | 42,602 | ||||||
Hewlett Packard Enterprise Co. | 25,000 | 26,300 | ||||||
HSBC USA, Inc. | 100,000 | 105,901 | ||||||
International Business Machines Corp. | 44,000 | 46,707 | ||||||
JPMorgan Chase & Co. | 51,000 | 63,554 | ||||||
Kraft Heinz Foods Co. | 23,000 | 30,371 | ||||||
Kroger Co. (The) | 30,000 | 30,437 | ||||||
Lowe’s Cos., Inc. | 11,000 | 11,740 | ||||||
Macy’s Retail Holdings, Inc. | 11,000 | 11,249 | ||||||
Magellan Midstream Partners L.P. | 9,000 | 10,218 | ||||||
Marriott International, Inc. | 57,000 | 57,401 | ||||||
McDonald’s Corp. | 24,000 | 24,729 | ||||||
McKesson Corp. | 113,000 | 117,200 | ||||||
MetLife, Inc. | 17,000 | 19,598 | ||||||
Microsoft Corp. | 45,000 | 50,343 | ||||||
Morgan Stanley | 148,000 | 159,542 | ||||||
MPLX L.P. | 10,000 | 10,261 |
See Notes to Financial Statements.
118 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
December 31, 2017
Investments | Principal Amount | Value | ||||||
Mylan N.V. | $ | 20,000 | $ | 20,202 | ||||
Northrop Grumman Corp. | 84,000 | 85,826 | ||||||
NVR, Inc. | 18,000 | 18,810 | ||||||
Occidental Petroleum Corp. | 68,000 | 71,250 | ||||||
Oracle Corp. | 71,000 | 79,045 | ||||||
Pacific Gas & Electric Co. | 68,000 | 85,851 | ||||||
Pfizer, Inc. | 124,000 | 124,219 | ||||||
Philip Morris International, Inc. | 104,000 | 105,488 | ||||||
QUALCOMM, Inc. | 9,000 | 9,089 | ||||||
Reynolds American, Inc. | 17,000 | 21,309 | ||||||
Santander Holdings USA, Inc. | 81,000 | 81,002 | ||||||
Shire Acquisitions Investments Ireland DAC | 40,000 | 39,184 | ||||||
South Carolina Electric & Gas Co. | 6,000 | 6,122 | ||||||
Southern Co. Gas Capital Corp. | 32,000 | 34,427 | ||||||
Synchrony Financial | 110,000 | 110,328 | ||||||
Thermo Fisher Scientific, Inc. | 86,000 | 86,632 | ||||||
Time Warner, Inc. | 76,000 | 80,013 | ||||||
3.60%, 7/15/25 | 126,000 | 126,483 | ||||||
Tyson Foods, Inc. | 36,000 | 36,187 | ||||||
3.95%, 8/15/24 | 89,000 | 93,730 | ||||||
United Technologies Corp. | 35,000 | 38,882 | ||||||
Verizon Communications, Inc. | 63,000 | 66,350 | ||||||
4.40%, 11/1/34 | 156,000 | 159,433 | ||||||
Viacom, Inc. | 57,000 | 59,381 | ||||||
Walgreens Boots Alliance, Inc. | 9,000 | 9,727 | ||||||
Wells Fargo & Co. | 44,000 | 44,869 | ||||||
4.30%, 7/22/27 | 45,000 | 47,973 | ||||||
4.75%, 12/7/46 | 14,000 | 15,685 | ||||||
Xylem, Inc. | 38,000 | 40,896 | ||||||
|
| |||||||
TOTAL CORPORATE BONDS (Cost: $4,916,387) | 4,958,225 | |||||||
U.S. GOVERNMENT OBLIGATIONS – 0.2% | ||||||||
U.S. Treasury Note – 0.2% | ||||||||
U.S. Treasury Note | ||||||||
(Cost: $9,864) | 10,000 | 9,871 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.6% (Cost: $4,926,251) | 4,968,096 | |||||||
Other Assets less Liabilities – 1.4% | 68,284 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,036,380 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 119 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
December 31, 2017
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 98.6% | ||||||||
United States – 98.6% | ||||||||
ADT Corp. (The) | $ | 75,000 | $ | 75,187 | ||||
AECOM | 63,000 | 65,993 | ||||||
AMC Entertainment Holdings, Inc. | 75,000 | 74,063 | ||||||
AMC Networks, Inc. | 50,000 | 50,750 | ||||||
American Axle & Manufacturing, Inc. | 50,000 | 52,750 | ||||||
Andeavor Logistics L.P. | 50,000 | 52,648 | ||||||
Aramark Services, Inc. | 50,000 | 50,875 | ||||||
Asbury Automotive Group, Inc. | 50,000 | 52,310 | ||||||
Ashland LLC | 89,000 | 92,782 | ||||||
Berry Global, Inc. | 100,000 | 104,375 | ||||||
Boyd Gaming Corp. | 50,000 | 54,000 | ||||||
CCO Holdings LLC | 125,000 | 123,437 | ||||||
Chemours Co. (The) | 50,000 | 53,125 | ||||||
Chesapeake Energy Corp. | 75,000 | 81,187 | ||||||
CommScope Technologies LLC | 65,000 | 69,388 | ||||||
Community Health Systems, Inc. | 78,000 | 58,695 | ||||||
6.25%, 3/31/23 | 50,000 | 45,250 | ||||||
Crestwood Midstream Partners L.P. | 75,000 | 77,719 | ||||||
CSC Holdings LLC | 75,000 | 74,063 | ||||||
DaVita, Inc. | 125,000 | 128,672 | ||||||
Dell International LLC | 50,000 | 54,762 | ||||||
DISH DBS Corp. | 76,000 | 72,105 | ||||||
DPL, Inc. | 100,000 | 111,375 | ||||||
Dynegy, Inc. | 75,000 | 80,812 | ||||||
Endo Finance LLC | 75,000 | 58,875 | ||||||
Envision Healthcare Corp. | 50,000 | 50,750 | ||||||
ESH Hospitality, Inc. | 50,000 | 50,625 | ||||||
First Data Corp. | 146,000 | 154,760 | ||||||
Gray Television, Inc. | 75,000 | 77,062 | ||||||
Hanesbrands, Inc. | 50,000 | 51,500 | ||||||
HCA, Inc. | 147,000 | 151,777 | ||||||
HealthSouth Corp. | 50,000 | 51,375 | ||||||
HRG Group, Inc. | 96,000 | 99,840 | ||||||
Hughes Satellite Systems Corp. | 50,000 | 52,500 | ||||||
JBS USA LUX S.A. | 50,000 | 48,375 | ||||||
Kindred Healthcare, Inc. | 76,000 | 80,940 | ||||||
KLX, Inc. | 72,000 | 75,668 | ||||||
L Brands, Inc. | 75,000 | 76,125 | ||||||
Level 3 Financing, Inc. | 50,000 | 50,063 | ||||||
Navient Corp. | 122,000 | 124,135 | ||||||
Nexstar Broadcasting, Inc. | 100,000 | 103,500 | ||||||
Nielsen Finance LLC | 100,000 | 103,125 | ||||||
NuStar Logistics L.P. | 50,000 | 51,000 | ||||||
OneMain Financial Holdings LLC | 50,000 | 51,991 | ||||||
PBF Holding Co. LLC | 75,000 | 78,375 | ||||||
Platform Specialty Products Corp. | 83,000 | 85,905 | ||||||
Post Holdings, Inc. | 100,000 | 102,000 | ||||||
Prime Security Services Borrower LLC | 100,000 | 111,250 | ||||||
PulteGroup, Inc. | 75,000 | 78,656 | ||||||
Regal Entertainment Group | 50,000 | 51,688 | ||||||
Rite Aid Corp. | 50,000 | 50,000 | ||||||
Scientific Games International, Inc. | 106,000 | 116,732 | ||||||
Sirius XM Radio, Inc. | 50,000 | 51,938 | ||||||
Six Flags Entertainment Corp. | 45,000 | 45,788 | ||||||
Springleaf Finance Corp. | 60,000 | 66,225 |
See Notes to Financial Statements.
120 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
December 31, 2017
Investments | Principal Amount | Value | ||||||
T-Mobile USA, Inc. | $ | 89,000 | $ | 93,405 | ||||
TransDigm, Inc. | 75,000 | 75,937 | ||||||
Transocean, Inc. | 50,000 | 51,328 | ||||||
TreeHouse Foods, Inc. | 69,000 | 72,105 | ||||||
Tronox Finance LLC | 50,000 | 52,375 | ||||||
United Rentals North America, Inc. | 50,000 | 53,688 | ||||||
Uniti Group L.P. | 75,000 | 72,469 | ||||||
Valeant Pharmaceuticals International | 100,000 | 101,250 | ||||||
Western Digital Corp. | 100,000 | 116,125 | ||||||
Windstream Services LLC | 121,000 | 73,205 | ||||||
Wynn Las Vegas LLC | 75,000 | 76,594 | ||||||
Zayo Group LLC | 50,000 | 51,125 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.6% (Cost: $4,971,015) | 5,048,472 | |||||||
Other Assets less Liabilities – 1.4% | 70,665 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,119,137 |
(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 Semi-Annual Report December 31, 2017 | 121 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
December 31, 2017
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 98.0% | ||||||||
United States – 98.0% | ||||||||
Abbott Laboratories | $ | 60,000 | $ | 59,536 | ||||
2.90%, 11/30/21 | 30,000 | 30,375 | ||||||
AbbVie, Inc. | 37,000 | 36,965 | ||||||
Altria Group, Inc. | 83,000 | 92,039 | ||||||
American Honda Finance Corp. | 49,000 | 49,179 | ||||||
American International Group, Inc. | 48,000 | 49,080 | ||||||
3.30%, 3/1/21 | 86,000 | 87,734 | ||||||
Amgen, Inc. | 47,000 | 49,165 | ||||||
Analog Devices, Inc. | 10,000 | 9,911 | ||||||
Anthem, Inc. | 24,000 | 24,237 | ||||||
Apple, Inc. | 63,000 | 62,955 | ||||||
AT&T, Inc. | 59,000 | 59,080 | ||||||
3.00%, 2/15/22 | 101,000 | 101,303 | ||||||
3.60%, 2/17/23 | 29,000 | 29,700 | ||||||
Bank of America Corp. | 115,000 | 123,738 | ||||||
5.70%, 1/24/22 | 53,000 | 59,116 | ||||||
Bank of New York Mellon Corp. (The) | 114,000 | 112,669 | ||||||
Baxter International, Inc. | 22,000 | 21,351 | ||||||
BB&T Corp. | 46,000 | 48,392 | ||||||
Becton Dickinson and Co. | 34,000 | 33,822 | ||||||
Block Financial LLC | 11,000 | 11,831 | ||||||
Capital One Financial Corp. | 49,000 | 52,398 | ||||||
Cardinal Health, Inc. | 62,000 | 61,641 | ||||||
Celgene Corp. | 52,000 | 52,518 | ||||||
Chevron Corp. | 71,000 | 70,773 | ||||||
Cisco Systems, Inc. | 62,000 | 62,080 | ||||||
Citigroup, Inc. | 107,000 | 106,919 | ||||||
2.65%, 10/26/20 | 72,000 | 72,290 | ||||||
2.75%, 4/25/22 | 34,000 | 33,965 | ||||||
Comcast Cable Communications Holdings, Inc. | 14,000 | 18,303 | ||||||
Consolidated Edison, Inc. | 75,000 | 73,914 | ||||||
Constellation Brands, Inc. | 33,000 | 34,139 | ||||||
CVS Health Corp. | 120,000 | 120,571 | ||||||
Discovery Communications LLC | 18,000 | 18,150 | ||||||
Dow Chemical Co. (The) | 79,000 | 82,556 | ||||||
Duke Energy Corp. | 32,000 | 31,474 | ||||||
eBay, Inc. | 22,000 | 21,825 | ||||||
Edison International | 11,000 | 10,910 | ||||||
EI du Pont de Nemours & Co. | 94,000 | 96,001 | ||||||
Exelon Corp. | 44,000 | 44,885 | ||||||
Exxon Mobil Corp. | 62,000 | 61,912 | ||||||
Fidelity National Information Services, Inc. | 39,000 | 40,097 | ||||||
General Mills, Inc. | 67,000 | 69,548 | ||||||
General Motors Financial Co., Inc. | 64,000 | 64,923 | ||||||
3.45%, 4/10/22 | 44,000 | 44,629 | ||||||
Gilead Sciences, Inc. | 35,000 | 37,348 | ||||||
Goldman Sachs Group, Inc. (The) | 108,000 | 117,107 | ||||||
Hartford Financial Services Group, Inc. (The) | 25,000 | 26,659 | ||||||
Hewlett Packard Enterprise Co. | 46,000 | 46,996 | ||||||
HP, Inc. | 36,000 | 37,774 | ||||||
HSBC USA, Inc. | 100,000 | 100,019 | ||||||
JPMorgan Chase & Co. | 128,000 | 129,162 | ||||||
4.40%, 7/22/20 | 71,000 | 74,615 | ||||||
Kraft Heinz Foods Co. | 39,000 | 39,248 | ||||||
Kroger Co. (The) | 14,000 | 14,015 | ||||||
Lockheed Martin Corp. | 155,000 | 156,095 | ||||||
McDonald’s Corp. | 19,000 | 19,057 | ||||||
McKesson Corp. | 115,000 | 115,056 | ||||||
Medco Health Solutions, Inc. | 49,000 | 49,498 |
See Notes to Financial Statements.
122 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
December 31, 2017
Investments | Principal Amount | Value | ||||||
Microsoft Corp. | $ | 57,000 | $ | 56,251 | ||||
Molson Coors Brewing Co. | 15,000 | 14,714 | ||||||
Morgan Stanley | 52,000 | 52,078 | ||||||
5.50%, 7/28/21 | 73,000 | 79,915 | ||||||
2.75%, 5/19/22 | 33,000 | 32,899 | ||||||
NVIDIA Corp. | 15,000 | 14,852 | ||||||
Oracle Corp. | 26,000 | 27,119 | ||||||
Philip Morris International, Inc. | 21,000 | 20,705 | ||||||
QUALCOMM, Inc. | 26,000 | 25,808 | ||||||
Reynolds American, Inc. | 98,000 | 98,126 | ||||||
Santander Holdings USA, Inc. | 39,000 | 39,098 | ||||||
Sherwin-Williams Co. (The) | 24,000 | 23,933 | ||||||
Southern Co. (The) | 26,000 | 25,867 | ||||||
SunTrust Banks, Inc. | 98,000 | 98,283 | ||||||
Synchrony Financial | 95,000 | 95,284 | ||||||
Tech Data Corp. | 30,000 | 30,121 | ||||||
Thermo Fisher Scientific, Inc. | 39,000 | 39,952 | ||||||
Time Warner, Inc. | 46,000 | 48,429 | ||||||
Toyota Motor Credit Corp. | 39,000 | 39,095 | ||||||
Tyson Foods, Inc. | 54,000 | 54,280 | ||||||
United Parcel Service, Inc. | 95,000 | 97,380 | ||||||
United Technologies Corp. | 27,000 | 27,518 | ||||||
UnitedHealth Group, Inc. | 79,000 | 79,038 | ||||||
Verizon Communications, Inc. | 55,000 | 55,389 | ||||||
Viacom, Inc. | 45,000 | 46,880 | ||||||
Walgreens Boots Alliance, Inc. | 97,000 | 97,631 | ||||||
Wells Fargo & Co. | 35,000 | 35,157 | ||||||
4.60%, 4/1/21 | 52,000 | 55,286 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.0% (Cost: $4,899,229) | 4,872,336 | |||||||
Other Assets less Liabilities – 2.0% | 97,521 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 4,969,857 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 123 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
December 31, 2017
Investments | Principal Amount | Value | ||||||
CORPORATE BONDS – 97.1% | ||||||||
United States – 97.1% | ||||||||
AES Corp. | $ | 50,000 | $ | 56,375 | ||||
American Axle & Manufacturing, Inc. | 50,000 | 51,344 | ||||||
Arconic, Inc. | 100,000 | 106,475 | ||||||
Ball Corp. | 50,000 | 53,562 | ||||||
Cablevision Systems Corp. | 69,000 | 73,830 | ||||||
Calumet Specialty Products Partners L.P. | 125,000 | 125,000 | ||||||
Centene Corp. | 143,000 | 147,290 | ||||||
CenturyLink, Inc. | 100,000 | 101,125 | ||||||
Cequel Communications Holdings I LLC | 50,000 | 50,375 | ||||||
Chesapeake Energy Corp. | 100,000 | 95,250 | ||||||
Clean Harbors, Inc. | 50,000 | 50,625 | ||||||
Community Health Systems, Inc. | 65,000 | 55,087 | ||||||
7.13%, 7/15/20 | 77,000 | 57,942 | ||||||
CSC Holdings LLC | 50,000 | 52,875 | ||||||
DISH DBS Corp. | 77,000 | 82,582 | ||||||
5.13%, 5/1/20 | 100,000 | 102,500 | ||||||
DPL, Inc. | 50,000 | 55,687 | ||||||
Endo Finance LLC | 100,000 | 83,750 | ||||||
Envision Healthcare Corp. | 100,000 | 97,500 | ||||||
Frontier Communications Corp. | 24,000 | 19,980 | ||||||
6.25%, 9/15/21 | 100,000 | 71,250 | ||||||
Gap, Inc. (The) | 50,000 | 53,955 | ||||||
GLP Capital L.P. | 100,000 | 101,250 | ||||||
HCA, Inc. | 150,000 | 160,875 | ||||||
HRG Group, Inc. | 140,000 | 140,315 | ||||||
Hughes Satellite Systems Corp. | 50,000 | 52,500 | ||||||
Huntsman International LLC | 92,000 | 96,025 | ||||||
JBS USA LUX S.A. | 100,000 | 102,125 | ||||||
Kindred Healthcare, Inc. | 50,000 | 54,422 | ||||||
Men’s Wearhouse, Inc. (The) | 50,000 | 50,440 | ||||||
MGM Resorts International | 69,000 | 73,485 | ||||||
6.75%, 10/1/20 | 112,000 | 121,240 | ||||||
Michaels Stores, Inc. | 122,000 | 123,830 | ||||||
Nabors Industries, Inc. | 50,000 | 47,875 | ||||||
Nationstar Mortgage LLC | 154,000 | 154,250 | ||||||
Navient Corp. | 47,000 | 47,912 | ||||||
8.00%, 3/25/20 | 145,000 | 157,144 | ||||||
NCR Corp. | 100,000 | 102,250 | ||||||
Nielsen Finance LLC | 83,000 | 83,830 | ||||||
5.00%, 4/15/22(a) | 50,000 | 51,563 | ||||||
OneMain Financial Holdings LLC | 73,000 | 75,431 | ||||||
Platform Specialty Products Corp. | 100,000 | 103,500 | ||||||
PulteGroup, Inc. | 50,000 | 51,625 | ||||||
Rite Aid Corp. | 50,000 | 45,313 | ||||||
RR Donnelley & Sons Co. | 75,000 | 78,375 | ||||||
Scientific Games International, Inc. | 100,000 | 105,625 | ||||||
Select Medical Corp. | 50,000 | 51,500 | ||||||
Springleaf Finance Corp. | 96,000 | 99,000 | ||||||
Steel Dynamics, Inc. | 50,000 | 51,375 | ||||||
SUPERVALU, Inc. | 50,000 | 50,063 | ||||||
T-Mobile USA, Inc. | 100,000 | 106,250 | ||||||
TEGNA, Inc. | 50,000 | 51,125 | ||||||
Time, Inc. | 50,000 | 52,375 | ||||||
TransDigm, Inc. | 133,000 | 134,829 | ||||||
TreeHouse Foods, Inc. | 50,000 | 50,750 | ||||||
United States Steel Corp. | 40,000 | 43,420 | ||||||
Valeant Pharmaceuticals International | 125,000 | 126,562 | ||||||
6.75%, 8/15/21(a) | 50,000 | 50,500 | ||||||
Whiting Petroleum Corp. | 50,000 | 51,438 |
See Notes to Financial Statements.
124 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
December 31, 2017
Investments | Principal Amount | Value | ||||||
Windstream Services LLC | $ | 20,000 | $ | 17,000 | ||||
8.63%, 10/31/25(a) | 76,000 | 73,530 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 97.1% (Cost: $4,851,511) | 4,835,276 | |||||||
Other Assets less Liabilities – 2.9% | 144,492 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 4,979,768 |
(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 Semi-Annual Report December 31, 2017 | 125 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.1% | ||||||||
United States – 100.1% | ||||||||
Aerospace & Defense – 2.1% | ||||||||
Boeing Co. (The) | 120 | $ | 35,389 | |||||
Lockheed Martin Corp. | 316 | 101,452 | ||||||
|
| |||||||
Total Aerospace & Defense | 136,841 | |||||||
Air Freight & Logistics – 1.0% | ||||||||
United Parcel Service, Inc. Class B | 541 | 64,460 | ||||||
Banks – 0.6% | ||||||||
East West Bancorp, Inc. | 676 | 41,121 | ||||||
Beverages – 0.7% | ||||||||
Brown-Forman Corp. Class B | 654 | 44,910 | ||||||
Biotechnology – 1.6% | ||||||||
Amgen, Inc. | 179 | 31,128 | ||||||
Gilead Sciences, Inc. | 480 | 34,387 | ||||||
United Therapeutics Corp.* | 268 | 39,651 | ||||||
|
| |||||||
Total Biotechnology | 105,166 | |||||||
Capital Markets – 0.7% | ||||||||
Goldman Sachs Group, Inc. (The) | 185 | 47,131 | ||||||
Chemicals – 0.6% | ||||||||
Huntsman Corp. | 1,214 | 40,414 | ||||||
Communications Equipment – 6.8% | ||||||||
Arista Networks, Inc.* | 228 | 53,712 | ||||||
InterDigital, Inc. | 593 | 45,157 | ||||||
Motorola Solutions, Inc. | 1,284 | 115,997 | ||||||
Ubiquiti Networks, Inc.*(a) | 3,196 | 226,980 | ||||||
|
| |||||||
Total Communications Equipment | 441,846 | |||||||
Consumer Finance – 1.9% | ||||||||
Discover Financial Services | 696 | 53,536 | ||||||
Navient Corp. | 1,983 | 26,414 | ||||||
Santander Consumer USA Holdings, Inc. | 2,286 | 42,565 | ||||||
|
| |||||||
Total Consumer Finance | 122,515 | |||||||
Containers & Packaging – 1.7% | ||||||||
Crown Holdings, Inc.* | 1,913 | 107,606 | ||||||
Diversified Consumer Services – 1.4% | ||||||||
H&R Block, Inc. | 3,354 | 87,942 | ||||||
Diversified Telecommunication Services – 2.0% | ||||||||
AT&T, Inc. | 1,898 | 73,794 | ||||||
Verizon Communications, Inc. | 1,020 | 53,989 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 127,783 | |||||||
Electric Utilities – 0.3% | ||||||||
PPL Corp. | 690 | 21,355 | ||||||
Electronic Equipment, Instruments & Components – 1.2% | ||||||||
Coherent, Inc.* | 265 | 74,788 | ||||||
Equity Real Estate Investment Trusts (REITs) – 6.3% | ||||||||
Duke Realty Corp. | 2,969 | 80,786 | ||||||
GGP, Inc. | 4,005 | 93,677 | ||||||
Lamar Advertising Co. Class A | 948 | 70,379 | ||||||
LaSalle Hotel Properties | 1,736 | 48,730 | ||||||
Park Hotels & Resorts, Inc. | 2,001 | 57,529 | ||||||
Vornado Realty Trust | 728 | 56,915 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 408,016 | |||||||
Food Products – 3.5% | ||||||||
Hershey Co. (The) | 1,278 | 145,066 | ||||||
Hormel Foods Corp. | 2,316 | 84,279 | ||||||
|
| |||||||
Total Food Products | 229,345 | |||||||
Health Care Equipment & Supplies – 0.8% | ||||||||
Hologic, Inc.* | 1,220 | 52,155 | ||||||
Health Care Providers & Services – 11.5% | ||||||||
AMN Healthcare Services, Inc.* | 895 | 44,079 | ||||||
DaVita, Inc.* | 743 | 53,682 | ||||||
Encompass Health Corp. | 3,529 | 174,368 | ||||||
HCA Healthcare, Inc.* | 1,689 | 148,362 | ||||||
Humana, Inc. | 183 | 45,397 | ||||||
Laboratory Corp. of America Holdings* | 274 | 43,706 | ||||||
MEDNAX, Inc.* | 2,750 | 146,960 | ||||||
Quest Diagnostics, Inc. | 440 | 43,335 | ||||||
Universal Health Services, Inc. Class B | 390 | 44,206 | ||||||
|
| |||||||
Total Health Care Providers & Services | 744,095 | |||||||
Hotels, Restaurants & Leisure – 3.5% | ||||||||
Cracker Barrel Old Country Store, Inc.(a) | 934 | 148,403 | ||||||
Las Vegas Sands Corp. | 489 | 33,981 | ||||||
Wyndham Worldwide Corp. | 408 | 47,275 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 229,659 | |||||||
Household Durables – 0.5% | ||||||||
Tupperware Brands Corp. | 535 | 33,544 | ||||||
Household Products – 3.7% | ||||||||
Clorox Co. (The) | 680 | 101,143 | ||||||
Colgate-Palmolive Co. | 523 | 39,460 | ||||||
Energizer Holdings, Inc. | 1,288 | 61,798 | ||||||
Kimberly-Clark Corp. | 284 | 34,268 | ||||||
|
| |||||||
Total Household Products | 236,669 | |||||||
Independent Power & Renewable Electricity Producers – 0.9% | ||||||||
NRG Yield, Inc. Class C | 3,214 | 60,745 | ||||||
Industrial Conglomerates – 1.0% | ||||||||
3M Co. | 284 | 66,845 | ||||||
Insurance – 7.9% | ||||||||
Allstate Corp. (The) | 891 | 93,297 | ||||||
American Financial Group, Inc. | 1,290 | 140,016 | ||||||
CNA Financial Corp. | 1,453 | 77,082 | ||||||
CNO Financial Group, Inc. | 2,619 | 64,663 | ||||||
Lincoln National Corp. | 391 | 30,056 | ||||||
Reinsurance Group of America, Inc. | 709 | 110,554 | ||||||
|
| |||||||
Total Insurance | 515,668 | |||||||
Internet Software & Services – 2.9% | ||||||||
eBay, Inc.* | 994 | 37,513 | ||||||
Facebook, Inc. Class A* | 484 | 85,407 | ||||||
Match Group, Inc.*(a) | 2,031 | 63,591 | ||||||
|
| |||||||
Total Internet Software & Services | 186,511 |
See Notes to Financial Statements.
126 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited) (continued)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
December 31, 2017
Investments | Shares | Value | ||||||
IT Services – 2.4% | ||||||||
Cognizant Technology Solutions Corp. Class A | 668 | $ | 47,441 | |||||
DST Systems, Inc. | 811 | 50,339 | ||||||
Paychex, Inc. | 805 | 54,805 | ||||||
|
| |||||||
Total IT Services | 152,585 | |||||||
Media – 1.3% | ||||||||
Omnicom Group, Inc. | 709 | 51,636 | ||||||
TEGNA, Inc. | 2,395 | 33,722 | ||||||
|
| |||||||
Total Media | 85,358 | |||||||
Metals & Mining – 0.5% | ||||||||
Freeport-McMoRan, Inc.* | 1,621 | 30,734 | ||||||
Multi-Utilities – 1.1% | ||||||||
SCANA Corp. | 1,824 | 72,559 | ||||||
Multiline Retail – 1.0% | ||||||||
Nordstrom, Inc. | 1,425 | 67,516 | ||||||
Oil, Gas & Consumable Fuels – 5.0% | ||||||||
Gulfport Energy Corp.* | 9,226 | 117,724 | ||||||
Kinder Morgan, Inc. | 4,433 | 80,104 | ||||||
Newfield Exploration Co.* | 1,240 | 39,097 | ||||||
ONEOK, Inc. | 699 | 37,362 | ||||||
Southwestern Energy Co.* | 4,885 | 27,258 | ||||||
Williams Cos., Inc. (The) | 780 | 23,782 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 325,327 | |||||||
Personal Products – 0.5% | ||||||||
Nu Skin Enterprises, Inc. Class A | 451 | 30,772 | ||||||
Professional Services – 0.5% | ||||||||
Robert Half International, Inc. | 523 | 29,047 | ||||||
Semiconductors & Semiconductor Equipment – 11.4% | ||||||||
Advanced Energy Industries, Inc.* | 578 | 39,003 | ||||||
Applied Materials, Inc. | 795 | 40,640 | ||||||
Cabot Microelectronics Corp. | 648 | 60,964 | ||||||
Cirrus Logic, Inc.* | 3,228 | 167,404 | ||||||
Intel Corp. | 1,248 | 57,608 | ||||||
KLA-Tencor Corp. | 414 | 43,499 | ||||||
Lam Research Corp. | 234 | 43,072 | ||||||
Maxim Integrated Products, Inc. | 1,034 | 54,058 | ||||||
Microchip Technology, Inc. | 514 | 45,170 | ||||||
Micron Technology, Inc.* | 813 | 33,431 | ||||||
NVIDIA Corp. | 221 | 42,764 | ||||||
Teradyne, Inc. | 1,240 | 51,919 | ||||||
Texas Instruments, Inc. | 580 | 60,575 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 740,107 | |||||||
Software – 2.0% | ||||||||
Activision Blizzard, Inc. | 906 | 57,368 | ||||||
Adobe Systems, Inc.* | 429 | 75,178 | ||||||
|
| |||||||
Total Software | 132,546 | |||||||
Specialty Retail – 2.3% | ||||||||
Gap, Inc. (The) | 2,596 | 88,420 | ||||||
Lowe’s Cos., Inc. | 661 | 61,433 | ||||||
|
| |||||||
Total Specialty Retail | 149,853 | |||||||
Textiles, Apparel & Luxury Goods – 1.9% | ||||||||
Hanesbrands, Inc. | 5,949 | 124,394 | ||||||
Tobacco – 0.4% | ||||||||
Philip Morris International, Inc. | 264 | 27,892 | ||||||
Trading Companies & Distributors – 4.7% | ||||||||
Fastenal Co. | 1,161 | 63,495 | ||||||
GATX Corp. | 699 | 43,450 | ||||||
W.W. Grainger, Inc. | 533 | 125,921 | ||||||
Watsco, Inc. | 438 | 74,478 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 307,344 | |||||||
TOTAL COMMON STOCKS (Cost: $6,093,647) | 6,503,164 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.7% | ||||||||
United States – 2.7% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b) | ||||||||
(Cost: $176,696)(c) | 176,696 | 176,696 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.8% (Cost: $6,270,343) | 6,679,860 | |||||||
Other Assets less Liabilities – (2.8)% | (180,343 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 6,499,517 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 2017 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of December 31, 2017. |
(c) | At December 31, 2017, the total market value of the Fund’s securities on loan was $315,966 and the total market value of the collateral held by the Fund was $324,060. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $147,364. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 127 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
December 31, 2017
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
TOTAL RETURN SWAP – SHORT EXPOSURE TO REFERENCE ENTITY (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Value | ||||||||||||||||||||||||||||
Fund Pays Total Return of Reference Entity | Fund Receives Fixed Rate (per annum) | Counterparty | Termination Date | Notional Value | Upfront Premiums Paid | Upfront Premiums Received | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.29%, Monthly | Bank of America Merrill Lynch | 4/3/18 | $ | 62,553 | $ | — | $ | — | $ | — | $ | (796 | ) | ||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.35%, Monthly | Bank of America Merrill Lynch | 4/12/18 | 484,763 | — | — | — | — | ||||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.18%, Monthly | Bank of America Merrill Lynch | 5/2/18 | 510,850 | — | — | — | (6,545 | ) | |||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.30%, Monthly | Bank of America Merrill Lynch | 6/4/18 | 677,659 | — | — | — | (8,673 | ) | |||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.20%, Monthly | Bank of America Merrill Lynch | 8/2/18 | 526,489 | — | — | — | (6,738 | ) | |||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.40%, Monthly | Bank of America Merrill Lynch | 11/2/18 | 172,021 | — | — | — | (2,176 | ) | |||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.20%, Monthly | Morgan Stanley & Co. | 4/12/18 | 479,550 | — | — | — | — | ||||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.20%, Monthly | Morgan Stanley & Co. | 6/4/18 | 677,659 | — | — | — | (8,623 | ) | |||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.26%, Monthly | Morgan Stanley & Co. | 7/6/18 | 542,127 | — | — | — | (6,914 | ) | |||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.20%, Monthly | Morgan Stanley & Co. | 8/2/18 | 531,702 | — | — | — | (6,805 | ) | |||||||||||||||||||
S&P 500 Index | 1-Month LIBOR plus 0.47%, Monthly | Morgan Stanley & Co. | 11/2/18 | 218,936 | — | — | — | (2,758 | ) | |||||||||||||||||||
$ | 4,884,309 | $ | — | $ | (50,028 | ) |
1-Month LIBOR – 1-Month USD London Interbank Offered Rate as of December 31, 2017 was 1.564%.
See Notes to Financial Statements.
128 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
December 31, 2017
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
United States – 99.9% | ||||||||
Aerospace & Defense – 2.2% | ||||||||
Boeing Co. (The) | 1,970 | $ | 580,972 | |||||
Lockheed Martin Corp. | 5,095 | 1,635,750 | ||||||
|
| |||||||
Total Aerospace & Defense | 2,216,722 | |||||||
Air Freight & Logistics – 1.0% | ||||||||
United Parcel Service, Inc. Class B | 8,880 | 1,058,052 | ||||||
Banks – 0.6% | ||||||||
East West Bancorp, Inc. | 10,719 | 652,037 | ||||||
Beverages – 0.7% | ||||||||
Brown-Forman Corp. Class B | 10,020 | 688,073 | ||||||
Biotechnology – 1.6% | ||||||||
Amgen, Inc. | 2,713 | 471,791 | ||||||
Gilead Sciences, Inc. | 6,568 | 470,532 | ||||||
United Therapeutics Corp.* | 4,212 | 623,165 | ||||||
|
| |||||||
Total Biotechnology | 1,565,488 | |||||||
Capital Markets – 0.7% | ||||||||
Goldman Sachs Group, Inc. (The) | 2,953 | 752,306 | ||||||
Chemicals – 0.6% | ||||||||
Huntsman Corp. | 18,771 | 624,887 | ||||||
Communications Equipment – 6.8% | ||||||||
Arista Networks, Inc.* | 3,471 | 817,698 | ||||||
InterDigital, Inc. | 9,802 | 746,422 | ||||||
Motorola Solutions, Inc. | 19,632 | 1,773,555 | ||||||
Ubiquiti Networks, Inc.*(a) | 48,787 | 3,464,853 | ||||||
|
| |||||||
Total Communications Equipment | 6,802,528 | |||||||
Consumer Finance – 1.8% | ||||||||
Discover Financial Services | 10,587 | 814,352 | ||||||
Navient Corp. | 29,631 | 394,685 | ||||||
Santander Consumer USA Holdings, Inc. | 34,627 | 644,755 | ||||||
|
| |||||||
Total Consumer Finance | 1,853,792 | |||||||
Containers & Packaging – 1.7% | ||||||||
Crown Holdings, Inc.* | 29,635 | 1,666,969 | ||||||
Diversified Consumer Services – 1.4% | ||||||||
H&R Block, Inc. | 54,043 | 1,417,007 | ||||||
Diversified Telecommunication Services – 2.0% | ||||||||
AT&T, Inc. | 29,832 | 1,159,868 | ||||||
Verizon Communications, Inc. | 15,613 | 826,396 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 1,986,264 | |||||||
Electric Utilities – 0.4% | ||||||||
PPL Corp. | 11,410 | 353,140 | ||||||
Electronic Equipment, Instruments & Components – 1.1% | ||||||||
Coherent, Inc.* | 4,021 | 1,134,807 | ||||||
Equity Real Estate Investment Trusts (REITs) – 6.3% | ||||||||
Duke Realty Corp. | 44,296 | 1,205,294 | ||||||
GGP, Inc. | 63,897 | 1,494,551 | ||||||
Lamar Advertising Co. Class A | 14,264 | 1,058,959 | ||||||
LaSalle Hotel Properties | 26,841 | 753,427 | ||||||
Park Hotels & Resorts, Inc. | 30,541 | 878,054 | ||||||
Vornado Realty Trust | 11,705 | 915,097 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 6,305,382 | |||||||
Food Products – 3.4% | ||||||||
Hershey Co. (The) | 19,238 | 2,183,705 | ||||||
Hormel Foods Corp. | 35,174 | 1,279,982 | ||||||
|
| |||||||
Total Food Products | 3,463,687 | |||||||
Health Care Equipment & Supplies – 0.9% | ||||||||
Hologic, Inc.* | 20,378 | 871,159 | ||||||
Health Care Providers & Services – 11.4% | ||||||||
AMN Healthcare Services, Inc.* | 13,754 | 677,384 | ||||||
DaVita, Inc.* | 11,371 | 821,555 | ||||||
Encompass Health Corp. | 53,809 | 2,658,703 | ||||||
HCA Healthcare, Inc.* | 26,136 | 2,295,786 | ||||||
Humana, Inc. | 2,770 | 687,154 | ||||||
Laboratory Corp. of America Holdings* | 4,127 | 658,298 | ||||||
MEDNAX, Inc.* | 42,343 | 2,262,810 | ||||||
Quest Diagnostics, Inc. | 7,471 | 735,819 | ||||||
Universal Health Services, Inc. Class B | 6,216 | 704,583 | ||||||
|
| |||||||
Total Health Care Providers & Services | 11,502,092 | |||||||
Hotels, Restaurants & Leisure – 3.5% | ||||||||
Cracker Barrel Old Country Store, Inc.(a) | 14,257 | 2,265,295 | ||||||
Las Vegas Sands Corp. | 7,119 | 494,699 | ||||||
Wyndham Worldwide Corp. | 6,212 | 719,784 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 3,479,778 | |||||||
Household Durables – 0.5% | ||||||||
Tupperware Brands Corp. | 8,257 | 517,714 | ||||||
Household Products – 3.7% | ||||||||
Clorox Co. (The) | 10,222 | 1,520,420 | ||||||
Colgate-Palmolive Co. | 8,977 | 677,315 | ||||||
Energizer Holdings, Inc. | 20,567 | 986,805 | ||||||
Kimberly-Clark Corp. | 4,769 | 575,427 | ||||||
|
| |||||||
Total Household Products | 3,759,967 | |||||||
Independent Power & Renewable Electricity Producers – 0.9% | ||||||||
NRG Yield, Inc. Class C | 48,894 | 924,097 | ||||||
Industrial Conglomerates – 1.0% | ||||||||
3M Co. | 4,197 | 987,848 | ||||||
Insurance – 7.9% | ||||||||
Allstate Corp. (The) | 14,208 | 1,487,720 | ||||||
American Financial Group, Inc. | 19,527 | 2,119,460 | ||||||
CNA Financial Corp. | 21,945 | 1,164,182 | ||||||
CNO Financial Group, Inc. | 42,796 | 1,056,633 | ||||||
Lincoln National Corp. | 6,403 | 492,199 | ||||||
Reinsurance Group of America, Inc. | 10,701 | 1,668,607 | ||||||
|
| |||||||
Total Insurance | 7,988,801 | |||||||
Internet Software & Services – 2.9% | ||||||||
eBay, Inc.* | 17,249 | 650,977 | ||||||
Facebook, Inc. Class A* | 7,648 | 1,349,566 | ||||||
Match Group, Inc.*(a) | 30,954 | 969,170 | ||||||
|
| |||||||
Total Internet Software & Services | 2,969,713 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 129 |
Table of Contents
Schedule of Investments (unaudited) (concluded)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
December 31, 2017
Investments | Shares | Value | ||||||
IT Services – 2.4% | ||||||||
Cognizant Technology Solutions Corp. Class A | 11,008 | $ | 781,788 | |||||
DST Systems, Inc. | 12,650 | 785,186 | ||||||
Paychex, Inc. | 12,403 | 844,396 | ||||||
|
| |||||||
Total IT Services | 2,411,370 | |||||||
Media – 1.3% | ||||||||
Omnicom Group, Inc. | 11,226 | 817,589 | ||||||
TEGNA, Inc. | 37,935 | 534,125 | ||||||
|
| |||||||
Total Media | 1,351,714 | |||||||
Metals & Mining – 0.5% | ||||||||
Freeport-McMoRan, Inc.* | 25,725 | 487,746 | ||||||
Multi-Utilities – 1.1% | ||||||||
SCANA Corp. | 27,829 | 1,107,038 | ||||||
Multiline Retail – 1.1% | ||||||||
Nordstrom, Inc. | 22,473 | 1,064,771 | ||||||
Oil, Gas & Consumable Fuels – 5.0% | ||||||||
Gulfport Energy Corp.* | 139,482 | 1,779,790 | ||||||
Kinder Morgan, Inc. | 69,246 | 1,251,275 | ||||||
Newfield Exploration Co.* | 18,644 | 587,845 | ||||||
ONEOK, Inc. | 11,979 | 640,278 | ||||||
Southwestern Energy Co.* | 66,427 | 370,663 | ||||||
Williams Cos., Inc. (The) | 13,803 | 420,854 | ||||||
|
| |||||||
Total Oil, Gas& Consumable Fuels | 5,050,705 | |||||||
Personal Products – 0.5% | ||||||||
Nu Skin Enterprises, Inc. Class A | 6,759 | 461,167 | ||||||
Professional Services – 0.4% | ||||||||
Robert Half International, Inc. | 7,825 | 434,601 | ||||||
Semiconductors & Semiconductor Equipment – 11.3% | ||||||||
Advanced Energy Industries, Inc.* | 7,841 | 529,111 | ||||||
Applied Materials, Inc. | 11,751 | 600,711 | ||||||
Cabot Microelectronics Corp. | 9,868 | 928,381 | ||||||
Cirrus Logic, Inc.* | 49,635 | 2,574,071 | ||||||
Intel Corp. | 19,898 | 918,492 | ||||||
KLA-Tencor Corp. | 6,327 | 664,778 | ||||||
Lam Research Corp. | 3,285 | 604,670 | ||||||
Maxim Integrated Products, Inc. | 15,753 | 823,567 | ||||||
Microchip Technology, Inc. | 8,569 | 753,044 | ||||||
Micron Technology, Inc.* | 13,596 | 559,068 | ||||||
NVIDIA Corp. | 3,373 | 652,675 | ||||||
Teradyne, Inc. | 19,443 | 814,078 | ||||||
Texas Instruments, Inc. | 8,755 | 914,372 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 11,337,018 | |||||||
Software – 2.1% | ||||||||
Activision Blizzard, Inc. | 14,709 | 931,374 | ||||||
Adobe Systems, Inc.* | 6,514 | 1,141,513 | ||||||
|
| |||||||
Total Software | 2,072,887 | |||||||
Specialty Retail – 2.3% | ||||||||
Gap, Inc. (The) | 39,410 | 1,342,304 | ||||||
Lowe’s Cos., Inc. | 10,387 | 965,368 | ||||||
|
| |||||||
Total Specialty Retail | 2,307,672 | |||||||
Textiles, Apparel & Luxury Goods – 1.9% | ||||||||
Hanesbrands, Inc. | 91,506 | 1,913,390 | ||||||
Tobacco – 0.4% | ||||||||
Philip Morris International, Inc. | 4,049 | 427,777 | ||||||
Trading Companies & Distributors – 4.6% | ||||||||
Fastenal Co. | 17,968 | 982,670 | ||||||
GATX Corp. | 9,857 | 612,711 | ||||||
W.W. Grainger, Inc. | 8,203 | 1,937,959 | ||||||
Watsco, Inc. | 6,657 | 1,131,956 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 4,665,296 | |||||||
TOTAL COMMON STOCKS (Cost: $92,855,913) | 100,635,462 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5% | ||||||||
United States – 4.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b) | ||||||||
(Cost: $4,524,621)(c) | 4,524,621 | 4,524,621 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 104.4% (Cost: $97,380,534) | 105,160,083 | |||||||
Other Assets less Liabilities – (4.4)% | (4,402,101 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 100,757,982 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at December 31, 2017 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of December 31, 2017. |
(c) | At December 31, 2017, the total market value of the Fund’s securities on loan was $5,326,697 and the total market value of the collateral held by the Fund was $5,452,704. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $928,083. |
See Notes to Financial Statements.
130 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Schedule of Investments (unaudited)
WisdomTree Balanced Income Fund (WBAL)
December 31, 2017
Investments | Shares | Value | ||||||
EXCHANGE-TRADED FUNDS – 100.0% | ||||||||
Domestic Equity – 29.9% | ||||||||
WisdomTree U.S. High Dividend Fund(a) | 6,838 | $ | 498,080 | |||||
WisdomTree U.S. LargeCap Dividend Fund(a) | 2,707 | 249,369 | ||||||
|
| |||||||
Total Domestic Equity | 747,449 | |||||||
Emerging Markets Equity – 7.5% | ||||||||
WisdomTree Emerging Markets Dividend Fund(a) | 5,630 | 186,916 | ||||||
Fixed Income – 39.9% | ||||||||
iShares 20+ Year Treasury Bond ETF | 536 | 67,997 | ||||||
iShares MBS ETF | 627 | 66,832 | ||||||
WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund(a) | 9,799 | 497,005 | ||||||
WisdomTree Emerging Markets Local Debt Fund(a) | 2,352 | 90,434 | ||||||
WisdomTree Fundamental U.S. Corporate Bond Fund(a) | 2,765 | 138,140 | ||||||
WisdomTree Interest Rate Hedged High Yield Bond Fund(a) | 5,627 | 135,836 | ||||||
|
| |||||||
Total Fixed Income | 996,244 | |||||||
International Equity – 22.7% | ||||||||
WisdomTree Dynamic Currency Hedged International Equity Fund(a) | 8,159 | 249,176 | ||||||
WisdomTree International High Dividend Fund(a) | 7,125 | 316,278 | ||||||
|
| |||||||
Total International Equity | 565,454 | |||||||
TOTAL INVESTMENTS IN SECURITIES – 100.0% (Cost: $2,491,491) | 2,496,063 | |||||||
Other Assets less Liabilities – 0.0% | 641 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,496,704 |
(a) | Affiliated company (See Note 3). |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 131 |
Table of Contents
Statements of Assets and Liabilities (unaudited)
WisdomTree Trust
December 31, 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 | $ | 14,926,520 | $ | 440,173,379 | $ | — | $ | 11,034,026 | $ | 2,413,908 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | — | 3,172,277 | — | — | |||||||||||||||
Foreign currency, at cost | 7,390 | 66,758 | 446 | 14,773 | 1,317 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 15,738,664 | 517,073,598 | — | 11,937,116 | 2,986,360 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | — | 3,745,193 | — | — | |||||||||||||||
Cash | 377 | 27,758 | 317 | 2,226 | 2,149 | |||||||||||||||
Foreign currency, at value | 7,459 | 67,580 | 460 | 14,819 | 1,320 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 512 | 503,824 | 3,290 | 8,552 | 12,786 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | — | — | 6,471 | — | — | |||||||||||||||
Dividends | 9,570 | 611,390 | — | 7,420 | 4,679 | |||||||||||||||
Securities lending income | 458 | 11,382 | — | 662 | 41 | |||||||||||||||
Foreign tax reclaims | 2,844 | 409,822 | — | 81 | — | |||||||||||||||
Total Assets | 15,759,884 | 518,705,354 | 3,755,731 | 11,970,876 | 3,007,335 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 26,228 | 1,338,193 | 10,218 | 55,567 | 241 | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral for securities loaned (Note 2) | 33,449 | 3,121,384 | — | 260,515 | 13,901 | |||||||||||||||
Investment securities purchased | — | — | — | — | 8,639 | |||||||||||||||
Advisory fees (Note 3) | 5,748 | 151,533 | 318 | 3,160 | 1,092 | |||||||||||||||
Service fees (Note 2) | 59 | 1,906 | 14 | 31 | 11 | |||||||||||||||
Total Liabilities | 65,484 | 4,613,016 | 10,550 | 319,273 | 23,884 | |||||||||||||||
NET ASSETS | $ | 15,694,400 | $ | 514,092,338 | $ | 3,745,181 | $ | 11,651,603 | $ | 2,983,451 | ||||||||||
NET ASSETS: |
| |||||||||||||||||||
Paid-in capital | $ | 15,027,689 | $ | 449,124,273 | $ | 3,203,798 | $ | 10,866,410 | $ | 2,612,627 | ||||||||||
Undistributed (Distributions in excess of) net investment income | 25,014 | 1,026,860 | 9,936 | 3,748 | (16,405 | ) | ||||||||||||||
Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions | (145,046 | ) | (12,153,160 | ) | (34,555 | ) | (74,727 | ) | (197,797 | ) | ||||||||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 786,743 | 76,094,365 | 566,002 | 856,172 | 585,026 | |||||||||||||||
NET ASSETS | $ | 15,694,400 | $ | 514,092,338 | $ | 3,745,181 | $ | 11,651,603 | $ | 2,983,451 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 500,000 | 16,850,000 | 150,000 | 350,000 | 100,000 | |||||||||||||||
Net asset value per share | $ | 31.39 | $ | 30.51 | $ | 24.97 | $ | 33.29 | $ | 29.83 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 41,644 | $ | 5,834,535 | — | $ | 308,165 | $ | 51,333 | |||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
|
See Notes to Financial Statements.
132 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Statements of Assets and Liabilities (unaudited) (continued)
WisdomTree Trust
December 31, 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 | $ | 20,267,232 | $ | 11,884,975 | $ | 77,119,318 | $ | 1,711,125 | $ | 18,036,831 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | — | — | 11,588,349 | — | |||||||||||||||
Foreign currency, at cost | 15,200 | 1,667 | 76,482 | 3,474 | 15,419 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 23,201,294 | 12,551,000 | 82,812,254 | 1,711,125 | 20,292,307 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | — | — | 15,693,137 | — | |||||||||||||||
Cash | 4,984 | 15 | 68,510 | 15,478 | 19,631 | |||||||||||||||
Foreign currency, at value | 15,252 | 1,677 | 76,889 | 3,540 | 15,709 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | — | — | 64 | 24,828 | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 4,936 | — | 5,888,952 | 37,528 | — | |||||||||||||||
Dividends | 25,816 | 3,699 | 75,823 | — | 26,082 | |||||||||||||||
Securities lending income | 193 | 355 | 577 | 2,228 | 1,069 | |||||||||||||||
Foreign tax reclaims | — | 1,101 | 2,621 | — | 3,161 | |||||||||||||||
Total Assets | 23,252,475 | 12,557,847 | 88,925,690 | 17,487,864 | 20,357,959 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 34 | — | 403 | 81,445 | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral for securities loaned (Note 2) | 62,944 | 143,812 | — | 1,711,125 | 625,240 | |||||||||||||||
Investment securities purchased | — | — | 34,164 | — | — | |||||||||||||||
Capital shares redeemed | — | — | 5,916,640 | — | — | |||||||||||||||
Advisory fees (Note 3) | 6,122 | 4,995 | 22,373 | — | 7,148 | |||||||||||||||
Service fees (Note 2) | 84 | 46 | 328 | 58 | 73 | |||||||||||||||
Foreign capital gains tax | 5,419 | — | 18,487 | — | — | |||||||||||||||
Total Liabilities | 74,603 | 148,853 | 5,992,395 | 1,792,628 | 632,461 | |||||||||||||||
NET ASSETS | $ | 23,177,872 | $ | 12,408,994 | $ | 82,933,295 | $ | 15,695,236 | $ | 19,725,498 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 20,429,716 | $ | 11,836,341 | $ | 74,479,072 | $ | 9,281,997 | $ | 13,324,053 | ||||||||||
Undistributed (Distributions in excess of) net investment income | (45,472 | ) | 361 | (46,237 | ) | 41,134 | 440 | |||||||||||||
Accumulated net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | (134,966 | ) | (93,842 | ) | 2,825,229 | 2,323,868 | 4,145,034 | |||||||||||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 2,928,594 | 666,134 | 5,675,231 | 4,048,237 | 2,255,971 | |||||||||||||||
NET ASSETS | $ | 23,177,872 | $ | 12,408,994 | $ | 82,933,295 | $ | 15,695,236 | $ | 19,725,498 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 700,000 | 400,000 | 2,800,000 | 600,000 | 600,000 | |||||||||||||||
Net asset value per share | $ | 33.11 | $ | 31.02 | $ | 29.62 | $ | 26.16 | $ | 32.88 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 135,293 | $ | 148,433 | $ | 220,520 | $ | 1,676,649 | $ | 844,061 | ||||||||||
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 Semi-Annual Report December 31, 2017 | 133 |
Table of Contents
Statements of Assets and Liabilities (unaudited) (continued)
WisdomTree Trust
December 31, 2017
WisdomTree ICBCCS S&P China 500 Fund | 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 | ||||||||||||||||
ASSETS: |
| |||||||||||||||||||
Investments, at cost | $ | 2,966,239 | $ | 4,696,765 | $ | 2,140,867 | $ | 696,533 | $ | 4,926,251 | ||||||||||
Foreign currency, at cost | 45,553 | 15,772 | — | — | — | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 3,019,726 | 5,809,464 | 2,369,721 | 796,049 | 4,968,096 | |||||||||||||||
Cash | 39,826 | — | 374 | 45 | 14,849 | |||||||||||||||
Foreign currency, at value | 46,069 | 15,853 | — | — | — | |||||||||||||||
Receivables: |
| |||||||||||||||||||
Investment securities sold | — | 1,143 | — | — | — | |||||||||||||||
Dividends | 75 | 1,515 | 3,167 | 1,033 | — | |||||||||||||||
Securities lending income | — | 596 | 6 | 1 | — | |||||||||||||||
Interest | — | — | — | — | 54,222 | |||||||||||||||
Total Assets | 3,105,696 | 5,828,571 | 2,373,268 | 797,128 | 5,037,167 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Due to custodian | — | 11,672 | — | — | — | |||||||||||||||
Unrealized depreciation on foreign currency contracts | — | 1 | — | — | — | |||||||||||||||
Payables: |
| |||||||||||||||||||
Cash collateral for securities loaned (Note 2) | — | 147,280 | 5,210 | 1,297 | — | |||||||||||||||
Investment securities purchased | 14,466 | — | — | — | — | |||||||||||||||
Advisory fees (Note 3) | 509 | 1,516 | 659 | 224 | 768 | |||||||||||||||
Service fees (Note 2) | 4 | 21 | 9 | 3 | 19 | |||||||||||||||
Foreign capital gains tax | — | 15,002 | — | — | — | |||||||||||||||
Total Liabilities | 14,979 | 175,492 | 5,878 | 1,524 | 787 | |||||||||||||||
NET ASSETS | $ | 3,090,717 | $ | 5,653,079 | $ | 2,367,390 | $ | 795,604 | $ | 5,036,380 | ||||||||||
NET ASSETS: |
| |||||||||||||||||||
Paid-in capital | $ | 3,031,766 | $ | 4,657,415 | $ | 2,145,018 | $ | 732,126 | $ | 4,998,603 | ||||||||||
Distributions in excess of net investment income | — | (71,292 | ) | (1,381 | ) | (1 | ) | (314 | ) | |||||||||||
Accumulated net investment loss | (436 | ) | — | — | — | — | ||||||||||||||
Accumulated net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 5,384 | (30,871 | ) | (5,101 | ) | (36,037 | ) | (3,754 | ) | |||||||||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 54,003 | 1,097,827 | 228,854 | 99,516 | 41,845 | |||||||||||||||
NET ASSETS | $ | 3,090,717 | $ | 5,653,079 | $ | 2,367,390 | $ | 795,604 | $ | 5,036,380 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 100,004 | 200,000 | 75,000 | 25,000 | 100,000 | |||||||||||||||
Net asset value per share | $ | 30.91 | $ | 28.27 | $ | 31.57 | $ | 31.82 | $ | 50.36 | ||||||||||
1 Includes market value of securities out on loan of: | — | $ | 212,887 | $ | 8,792 | $ | 1,840 | — | ||||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
|
See Notes to Financial Statements.
134 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Statements of Assets and Liabilities (unaudited) (continued)
WisdomTree Trust
December 31, 2017
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 | WisdomTree Long/Short U.S. | ||||||||||||||||
ASSETS: |
| |||||||||||||||||||
Investments, at cost | $ | 4,971,015 | $ | 4,899,229 | $ | 4,851,511 | $ | 6,270,343 | $ | 97,380,534 | ||||||||||
Investments in securities, at value1,2 (Note 2) | 5,048,472 | 4,872,336 | 4,835,276 | 6,679,860 | 105,160,083 | |||||||||||||||
Cash | — | 53,004 | 62,334 | 2,583 | 15,138 | |||||||||||||||
Receivables: |
| |||||||||||||||||||
Investment securities sold | — | — | — | 38,053 | 732,126 | |||||||||||||||
Capital shares sold | — | — | — | 1,299,866 | — | |||||||||||||||
Dividends | — | — | — | 7,950 | 151,099 | |||||||||||||||
Securities lending income | — | — | — | 1,830 | 33,032 | |||||||||||||||
Interest | 74,220 | 45,296 | 83,791 | — | — | |||||||||||||||
Total Assets | 5,122,692 | 4,970,636 | 4,981,401 | 8,030,142 | 106,091,478 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Due to custodian | 1,877 | — | — | — | — | |||||||||||||||
Unrealized depreciation on swap contracts | — | — | — | 50,028 | — | |||||||||||||||
Payables: |
| |||||||||||||||||||
Cash collateral for securities loaned (Note 2) | — | — | — | 176,696 | 4,524,621 | |||||||||||||||
Investment securities purchased | — | — | — | 1,301,772 | 768,003 | |||||||||||||||
Advisory fees (Note 3) | 1,659 | 760 | 1,614 | 2,110 | 40,501 | |||||||||||||||
Service fees (Note 2) | 19 | 19 | 19 | 19 | 371 | |||||||||||||||
Total Liabilities | 3,555 | 779 | 1,633 | 1,530,625 | 5,333,496 | |||||||||||||||
NET ASSETS | $ | 5,119,137 | $ | 4,969,857 | $ | 4,979,768 | $ | 6,499,517 | $ | 100,757,982 | ||||||||||
NET ASSETS: |
| |||||||||||||||||||
Paid-in capital | $ | 4,998,863 | $ | 5,000,690 | $ | 4,999,856 | $ | 7,316,527 | $ | 92,049,521 | ||||||||||
Distributions in excess of net investment income | (436 | ) | (159 | ) | (358 | ) | — | — | ||||||||||||
Undistributed net investment income/(Accumulated net investment loss) | — | — | — | (398,589 | ) | 51,333 | ||||||||||||||
Accumulated net realized gain (loss) on investments and swap contracts | 43,253 | (3,781 | ) | (3,496 | ) | (777,910 | ) | 877,579 | ||||||||||||
Net unrealized appreciation (depreciation) on investments and swap contracts | 77,457 | (26,893 | ) | (16,234 | ) | 359,489 | 7,779,549 | |||||||||||||
NET ASSETS | $ | 5,119,137 | $ | 4,969,857 | $ | 4,979,768 | $ | 6,499,517 | $ | 100,757,982 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 100,000 | 100,000 | 100,000 | 250,000 | 3,100,000 | |||||||||||||||
Net asset value per share | $ | 51.19 | $ | 49.70 | $ | 49.80 | $ | 26.00 | $ | 32.50 | ||||||||||
1 Includes market value of securities out on loan of: | — | — | — | $ | 315,966 | $ | 5,326,697 | |||||||||||||
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 Semi-Annual Report December 31, 2017 | 135 |
Table of Contents
Statements of Assets and Liabilities (unaudited) (concluded)
WisdomTree Trust
December 31, 2017
WisdomTree Balanced Income Fund | ||||
ASSETS: | ||||
Investments, at cost | $ | 133,916 | ||
Investment in affiliates, at cost (Note 3) | 2,357,575 | |||
Investments in securities, at value | 134,829 | |||
Investment in affiliates, at value (Note 3) | 2,361,234 | |||
Cash | 1,642 | |||
Receivables: | ||||
Investment securities sold | 8,825 | |||
Total Assets | 2,506,530 | |||
LIABILITIES: | ||||
Payables: | ||||
Advisory fees (Note 3) | 23 | |||
Service fees (Note 2) | 3 | |||
Income distribution | 9,800 | |||
Total Liabilities | 9,826 | |||
NET ASSETS | $ | 2,496,704 | ||
NET ASSETS: |
| |||
Paid-in capital | $ | 2,492,055 | ||
Undistributed net investment income | 87 | |||
Accumulated net realized loss on investments | (10 | ) | ||
Net unrealized appreciation on investments | 4,572 | |||
NET ASSETS | $ | 2,496,704 | ||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 100,004 | |||
Net asset value per share | $ | 24.97 |
See Notes to Financial Statements.
136 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Statements of Operations (unaudited)
WisdomTree Trust
For the Six Months Ended December 31, 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 | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 64,622 | $ | 5,823,424 | $ | — | $ | 51,735 | $ | 30,212 | ||||||||||
Dividends from affiliates (Note 3) | — | — | 23,057 | — | — | |||||||||||||||
Non-cash dividends | 10,041 | 533,374 | — | 3,532 | — | |||||||||||||||
Securities lending income (Note 2) | 1,288 | 71,577 | — | 2,717 | 163 | |||||||||||||||
Total investment income | 75,951 | 6,428,375 | 23,057 | 57,984 | 30,375 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 22,897 | 969,399 | 9,000 | 11,525 | 6,923 | |||||||||||||||
Service fees (Note 2) | 210 | 10,663 | 68 | 106 | 64 | |||||||||||||||
Total expenses | 23,107 | 980,062 | 9,068 | 11,631 | 6,987 | |||||||||||||||
Expense waivers (Note 3) | (2,385 | ) | (121,175 | ) | (7,448 | ) | (1,200 | ) | (721 | ) | ||||||||||
Net expenses | 20,722 | 858,887 | 1,620 | 10,431 | 6,266 | |||||||||||||||
Net investment income | 55,229 | 5,569,488 | 21,437 | 47,553 | 24,109 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | (30,424 | ) | 6,610 | — | (20,647 | ) | 11,610 | |||||||||||||
Investment transactions in affiliates (Note 3) | — | — | 2,632 | — | — | |||||||||||||||
Foreign currency contracts | (31,613 | ) | (4,694,665 | ) | (18,898 | ) | (27,714 | ) | 9,235 | |||||||||||
Foreign currency related transactions | (262 | ) | 50,938 | — | 435 | 257 | ||||||||||||||
Net realized gain (loss) | (62,299 | ) | (4,637,117 | ) | (16,266 | ) | (47,926 | ) | 21,102 | |||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | 593,883 | 39,103,525 | 231,048 | 640,022 | 306,719 | |||||||||||||||
Foreign currency contracts | (19,522 | ) | 11,306 | 35 | (40,300 | ) | (26,221 | ) | ||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 235 | (2,533 | ) | 10 | 41 | 58 | ||||||||||||||
Net increase in unrealized appreciation/depreciation | 574,596 | 39,112,298 | 231,093 | 599,763 | 280,556 | |||||||||||||||
Net realized and unrealized gain on investments | 512,297 | 34,475,181 | 214,827 | 551,837 | 301,658 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 567,526 | $ | 40,044,669 | $ | 236,264 | $ | 599,390 | $ | 325,767 | ||||||||||
1 Net of foreign withholding tax of: | $ | 12,233 | $ | 396,009 | — | $ | 4,207 | $ | 3,357 | |||||||||||
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 137 |
Table of Contents
Statements of Operations (unaudited) (continued)
WisdomTree Trust
For the Six Months Ended December 31, 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 | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 271,103 | $ | 24,011 | $ | 814,922 | $ | — | $ | 399,152 | ||||||||||
Dividends from affiliates (Note 3) | — | — | — | 359,296 | — | |||||||||||||||
Non-cash dividends | 505 | 4,116 | 27,497 | — | 15,858 | |||||||||||||||
Securities lending income (Note 2) | 802 | 1,513 | 2,796 | 4,813 | 6,365 | |||||||||||||||
Total investment income | 272,410 | 29,640 | 845,215 | 364,109 | 421,375 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 28,191 | 20,008 | 148,908 | 42,230 | 51,493 | |||||||||||||||
Service fees (Note 2) | 388 | 152 | 1,872 | 432 | 527 | |||||||||||||||
Total expenses | 28,579 | 20,160 | 150,780 | 42,662 | 52,020 | |||||||||||||||
Expense waivers (Note 3) | — | (3,450 | ) | (21,273 | ) | (42,230 | ) | — | ||||||||||||
Net expenses | 28,579 | 16,710 | 129,507 | 432 | 52,020 | |||||||||||||||
Net investment income | 243,831 | 12,930 | 715,708 | 363,677 | 369,355 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions2 | (111,444 | ) | (2,667 | ) | (131,981 | ) | — | (270,825 | ) | |||||||||||
Investment transactions in affiliates (Note 3) | — | — | — | 49,983 | — | |||||||||||||||
In-kind redemptions | — | — | 2,988,749 | — | 4,842,251 | |||||||||||||||
In-kind redemptions in affiliates (Note 3) | — | — | — | 3,038,534 | — | |||||||||||||||
Futures contracts | — | — | — | — | 18,613 | |||||||||||||||
Foreign currency contracts | (8,743 | ) | 107 | (21,565 | ) | (198,315 | ) | (13,918 | ) | |||||||||||
Foreign currency related transactions | 9,313 | 289 | 25,095 | (1 | ) | 14,451 | ||||||||||||||
Net realized gain (loss) | (110,874 | ) | (2,271 | ) | 2,860,298 | 2,890,201 | 4,590,572 | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: |
| |||||||||||||||||||
Investment transactions3 | 2,024,158 | 531,828 | 5,594,799 | (1,624,591 | ) | (2,731,669 | ) | |||||||||||||
Foreign currency contracts | (34 | ) | — | (320 | ) | (4,730 | ) | 8 | ||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (50 | ) | 86 | 888 | 62 | 189 | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | 2,024,074 | 531,914 | 5,595,367 | (1,629,259 | ) | (2,731,472 | ) | |||||||||||||
Net realized and unrealized gain on investments | 1,913,200 | 529,643 | 8,455,665 | 1,260,942 | 1,859,100 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 2,157,031 | $ | 542,573 | $ | 9,171,373 | $ | 1,624,619 | $ | 2,228,455 | ||||||||||
1 Net of foreign withholding tax of: | $ | 37,932 | $ | 5,112 | $ | 30,820 | — | $ | 18,369 | |||||||||||
2 Net of foreign capital gains tax withheld of: | $ | 22 | — | — | — | — | ||||||||||||||
3 Includes net increase (decrease) in accrued foreign capital gain taxes of: | $ | 4,690 | — | $ | 18,487 | — | — |
See Notes to Financial Statements.
138 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Statements of Operations (unaudited) (continued)
WisdomTree Trust
For the Six Months or Period Ended December 31, 2017
WisdomTree ICBCCS S&P China 500 Fund1 | 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 | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends2 | $ | 77 | $ | 59,277 | $ | 24,492 | $ | 7,961 | $ | — | ||||||||||
Interest | — | — | — | — | 78,404 | |||||||||||||||
Securities lending income (Note 2) | — | 2,246 | 86 | 4 | — | |||||||||||||||
Total investment income | 77 | 61,523 | 24,578 | 7,965 | 78,404 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 509 | 16,721 | 3,653 | 1,270 | 7,081 | |||||||||||||||
Service fees (Note 2) | 4 | 127 | 49 | 17 | 111 | |||||||||||||||
Total expenses | 513 | 16,848 | 3,702 | 1,287 | 7,192 | |||||||||||||||
Expense waivers (Note 3) | — | (7,496 | ) | — | — | (2,529 | ) | |||||||||||||
Net expenses | 513 | 9,352 | 3,702 | 1,287 | 4,663 | |||||||||||||||
Net investment income (loss) | (436 | ) | 52,171 | 20,876 | 6,678 | 73,741 | ||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain from: |
| |||||||||||||||||||
Investment transactions3 | — | 2,926 | 9,314 | 18,426 | 2,263 | |||||||||||||||
In-kind redemptions | — | — | 61,377 | — | — | |||||||||||||||
Foreign currency contracts | 9,975 | 1,049 | — | — | — | |||||||||||||||
Foreign currency related transactions | (4,591 | ) | (937 | ) | — | — | — | |||||||||||||
Net realized gain | 5,384 | 3,038 | 70,691 | 18,426 | 2,263 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: |
| |||||||||||||||||||
Investment transactions4 | 53,487 | 472,915 | 174,668 | 48,056 | 54,304 | |||||||||||||||
Foreign currency contracts | — | (1 | ) | — | — | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 516 | 108 | — | — | — | |||||||||||||||
Net increase in unrealized appreciation/depreciation | 54,003 | 473,022 | 174,668 | 48,056 | 54,304 | |||||||||||||||
Net realized and unrealized gain on investments | 59,387 | 476,060 | 245,359 | 66,482 | 56,567 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 58,951 | $ | 528,231 | $ | 266,235 | $ | 73,160 | $ | 130,308 | ||||||||||
1 For the period December 21, 2017 (commencement of operations) through December 31, 2017. |
| |||||||||||||||||||
2 Net of foreign withholding tax of: | — | $ | 10,551 | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
3 Net of foreign capital gains tax withheld of: | — | $ | 45 | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
4 Includes net increase (decrease) in accrued foreign capital gain taxes of: | — | $ | 14,957 | — | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 139 |
Table of Contents
Statements of Operations (unaudited) (continued)
WisdomTree Trust
For the Six Months Ended December 31, 2017
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 | WisdomTree Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends | $ | — | $ | — | $ | — | $ | 58,864 | $ | 835,719 | ||||||||||
Interest | 153,869 | 51,164 | 126,407 | — | — | |||||||||||||||
Securities lending income (Note 2) | — | — | — | 5,175 | 89,058 | |||||||||||||||
Total investment income | 153,869 | 51,164 | 126,407 | 64,039 | 924,777 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 12,596 | 7,053 | 12,320 | 13,956 | 197,787 | |||||||||||||||
Service fees (Note 2) | 115 | 110 | 113 | 116 | 1,642 | |||||||||||||||
Total expenses | 12,711 | 7,163 | 12,433 | 14,072 | 199,429 | |||||||||||||||
Expense waivers (Note 3) | (2,624 | ) | (2,519 | ) | (2,567 | ) | (1,317 | ) | (18,659 | ) | ||||||||||
Net expenses | 10,087 | 4,644 | 9,866 | 12,755 | 180,770 | |||||||||||||||
Net investment income | 143,782 | 46,520 | 116,541 | 51,284 | 744,007 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | 43,253 | (939 | ) | 6,427 | (134,777 | ) | (892,989 | ) | ||||||||||||
In-kind redemptions | — | — | — | 369,959 | 2,259,937 | |||||||||||||||
Swap contracts | — | — | — | (328,003 | ) | 47,366 | ||||||||||||||
Net realized gain (loss) | 43,253 | (939 | ) | 6,427 | (92,821 | ) | 1,414,314 | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | (108,862 | ) | (19,678 | ) | (91,833 | ) | 191,169 | 5,226,568 | ||||||||||||
Swap contracts | — | — | — | (80,792 | ) | (149,500 | ) | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | (108,862 | ) | (19,678 | ) | (91,833 | ) | 110,377 | 5,077,068 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (65,609 | ) | (20,617 | ) | (85,406 | ) | 17,556 | 6,491,382 | ||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 78,173 | $ | 25,903 | $ | 31,135 | $ | 68,840 | $ | 7,235,389 |
See Notes to Financial Statements.
140 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Statements of Operations (unaudited) (concluded)
WisdomTree Trust
For the Period Ended December 31, 2017
WisdomTree Balanced Income Fund1 | ||||
INVESTMENT INCOME: | ||||
Dividends | $ | 139 | ||
Dividends from affiliates (Note 3) | 9,774 | |||
Total investment income | 9,913 | |||
EXPENSES: | ||||
Advisory fees (Note 3) | 301 | |||
Service fees (Note 2) | 3 | |||
Total expenses | 304 | |||
Expense waivers (Note 3) | (278 | ) | ||
Net expenses | 26 | |||
Net investment income | 9,887 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||
Net realized gain (loss) from: | ||||
Investment transactions | 1 | |||
Investment transactions in affiliates (Note 3) | (11 | ) | ||
Net realized loss | (10 | ) | ||
Net increase in unrealized appreciation/depreciation | 4,572 | |||
Net realized and unrealized gain on investments | 4,562 | |||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 14,449 |
1 | For the period December 21, 2017 (commencement of operations) through December 31, 2017. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 141 |
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 Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Period November 3, 2016* through June 30, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 55,229 | $ | 71,245 | $ | 5,569,488 | $ | 12,196,625 | $ | 21,437 | $ | 31,640 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | (62,299 | ) | 684,767 | (4,637,117 | ) | 6,938,105 | (16,266 | ) | (10,932 | ) | ||||||||||||||
Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 574,596 | 188,904 | 39,112,298 | 44,088,132 | 231,093 | 334,909 | ||||||||||||||||||
Net increase in net assets resulting from operations | 567,526 | 944,916 | 40,044,669 | 63,222,862 | 236,264 | 355,617 | ||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||||||||||||||||||
Net investment income | (30,215 | ) | (70,704 | ) | (3,652,852 | ) | (11,473,730 | ) | (11,501 | ) | (14,208 | ) | ||||||||||||
Capital gains | (87,160 | ) | (22,778 | ) | — | (5,225,655 | ) | (24,789 | ) | — | ||||||||||||||
Return of capital | — | — | — | — | — | (1,288 | ) | |||||||||||||||||
Total dividends and distributions | (117,375 | ) | (93,482 | ) | (3,652,852 | ) | (16,699,385 | ) | (36,290 | ) | (15,496 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 13,780,980 | — | 26,736,160 | 186,577,247 | 1,214,233 | 1,990,877 | ||||||||||||||||||
Cost of shares redeemed | (126 | ) | (4,042,781 | ) | (120 | ) | (25,941,878 | ) | (124 | ) | — | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 13,780,854 | (4,042,781 | ) | 26,736,040 | 160,635,369 | 1,214,109 | 1,990,877 | |||||||||||||||||
Net Increase (Decrease) in Net Assets | 14,231,005 | (3,191,347 | ) | 63,127,857 | 207,158,846 | 1,414,083 | 2,330,998 | |||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of period | $ | 1,463,395 | $ | 4,654,742 | $ | 450,964,481 | $ | 243,805,635 | $ | 2,331,098 | $ | 100 | ||||||||||||
End of period | $ | 15,694,400 | $ | 1,463,395 | $ | 514,092,338 | $ | 450,964,481 | $ | 3,745,181 | $ | 2,331,098 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of period | $ | 25,014 | $ | — | $ | 1,026,860 | $ | (889,776 | ) | $ | 9,936 | $ | — | |||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of period | 50,004 | 200,004 | 15,950,004 | 10,050,004 | 100,005 | 5 | ||||||||||||||||||
Shares created | 450,000 | — | 900,000 | 6,800,000 | 50,000 | 100,000 | ||||||||||||||||||
Shares redeemed | (4 | ) | (150,000 | ) | (4 | ) | (900,000 | ) | (5 | ) | — | |||||||||||||
Shares outstanding, end of period | 500,000 | 50,004 | 16,850,000 | 15,950,004 | 150,000 | 100,005 |
* | Commencement of operations. |
See Notes to Financial Statements.
142 | WisdomTree Trust Semi-Annual Report December 31, 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 Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 47,553 | $ | 60,535 | $ | 24,109 | $ | 66,141 | $ | 243,831 | $ | 214,781 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | (47,926 | ) | 163,620 | 21,102 | 556,311 | (110,874 | ) | (7,554 | ) | |||||||||||||||
Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 599,763 | 256,119 | 280,556 | 405,702 | 2,024,074 | 817,504 | ||||||||||||||||||
Net increase in net assets resulting from operations | 599,390 | 480,274 | 325,767 | 1,028,154 | 2,157,031 | 1,024,731 | ||||||||||||||||||
DIVIDENDS: | ||||||||||||||||||||||||
Net investment income | (47,412 | ) | (61,314 | ) | (99,141 | ) | (71,748 | ) | (370,106 | ) | (164,213 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 8,087,553 | 1,516,849 | — | — | 9,505,661 | 8,462,255 | ||||||||||||||||||
Cost of shares redeemed | (129 | ) | (1,311,143 | ) | (118 | ) | (2,648,607 | ) | (127 | ) | — | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 8,087,424 | 205,706 | (118 | ) | (2,648,607 | ) | 9,505,534 | 8,462,255 | ||||||||||||||||
Net Increase (Decrease) in Net Assets | 8,639,402 | 624,666 | 226,508 | (1,692,201 | ) | 11,292,459 | 9,322,773 | |||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of period | $ | 3,012,201 | $ | 2,387,535 | $ | 2,756,943 | $ | 4,449,144 | $ | 11,885,413 | $ | 2,562,640 | ||||||||||||
End of period | $ | 11,651,603 | $ | 3,012,201 | $ | 2,983,451 | $ | 2,756,943 | $ | 23,177,872 | $ | 11,885,413 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of period | $ | 3,748 | $ | 3,607 | $ | (16,405 | ) | $ | 58,627 | $ | (45,472 | ) | $ | 80,803 | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of period | 100,004 | 100,004 | 100,004 | 200,004 | 400,004 | 100,004 | ||||||||||||||||||
Shares created | 250,000 | 50,000 | — | — | 300,000 | 300,000 | ||||||||||||||||||
Shares redeemed | (4 | ) | (50,000 | ) | (4 | ) | (100,000 | ) | (4 | ) | — | |||||||||||||
Shares outstanding, end of period | 350,000 | 100,004 | 100,000 | 100,004 | 700,000 | 400,004 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 143 |
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 Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Period February 10, 2017* through June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 12,930 | $ | 55,861 | $ | 715,708 | $ | 56,584 | $ | 363,677 | $ | 724,272 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | (2,271 | ) | 185,835 | 2,860,298 | (31,668 | ) | 2,890,201 | 3,345,431 | ||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 531,914 | 664,458 | 5,595,367 | 79,864 | (1,629,259 | ) | 1,148,402 | |||||||||||||||||
Net increase in net assets resulting from operations | 542,573 | 906,154 | 9,171,373 | 104,780 | 1,624,619 | 5,218,105 | ||||||||||||||||||
DIVIDENDS: | ||||||||||||||||||||||||
Net investment income | (14,100 | ) | (59,154 | ) | (807,430 | ) | (14,500 | ) | (318,699 | ) | (692,894 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 9,099,891 | 1,406,449 | 57,908,826 | 50,951,759 | — | 2,183,287 | ||||||||||||||||||
Cost of shares redeemed | (121 | ) | (2,601,100 | ) | (34,381,613 | ) | — | (10,083,383 | ) | (17,437,362 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 9,099,770 | (1,194,651 | ) | 23,527,213 | 50,951,759 | (10,083,383 | ) | (15,254,075 | ) | |||||||||||||||
Net Increase (Decrease) in Net Assets | 9,628,243 | (347,651 | ) | 31,891,156 | 51,042,039 | (8,777,463 | ) | (10,728,864 | ) | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of period | $ | 2,780,751 | $ | 3,128,402 | $ | 51,042,139 | $ | 100 | $ | 24,472,699 | $ | 35,201,563 | ||||||||||||
End of period | $ | 12,408,994 | $ | 2,780,751 | $ | 82,933,295 | $ | 51,042,139 | $ | 15,695,236 | $ | 24,472,699 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of period | $ | 361 | $ | 1,531 | $ | (46,237 | ) | $ | 45,485 | $ | 41,134 | $ | (3,844 | ) | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of period | 100,004 | 150,004 | 1,900,004 | 4 | 1,000,005 | 1,700,005 | ||||||||||||||||||
Shares created | 300,000 | 50,000 | 2,100,000 | 1,900,000 | — | 100,000 | ||||||||||||||||||
Shares redeemed | (4 | ) | (100,000 | ) | (1,200,004 | ) | — | (400,005 | ) | (800,000 | ) | |||||||||||||
Shares outstanding, end of period | 400,000 | 100,004 | 2,800,000 | 1,900,004 | 600,000 | 1,000,005 |
* | Commencement of operations. |
See Notes to Financial Statements.
144 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree Global SmallCap Dividend Fund | WisdomTree ICBCCS S&P China 500 Fund | WisdomTree Strong Dollar Emerging Markets Equity Fund | ||||||||||||||||||
For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period December 21, 2017* through December 31, 2017 (unaudited) | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | ||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||
Net investment income (loss) | $ | 369,355 | $ | 743,838 | $ | (436 | ) | $ | 52,171 | $ | 129,153 | |||||||||
Net realized gain on investments, futures contracts, foreign currency contracts and foreign currency related transactions | 4,590,572 | 4,636,238 | 5,384 | 3,038 | 799,155 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (2,731,472 | ) | 52,624 | 54,003 | 473,022 | 405,090 | ||||||||||||||
Net increase in net assets resulting from operations | 2,228,455 | 5,432,700 | 58,951 | 528,231 | 1,333,398 | |||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||||||||||||||
Net investment income | (441,577 | ) | (809,961 | ) | — | (189,475 | ) | (136,065 | ) | |||||||||||
Capital gains | — | — | — | (263,566 | ) | — | ||||||||||||||
Total dividends and distributions | (441,577 | ) | (809,961 | ) | — | (453,041 | ) | (136,065 | ) | |||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||
Net proceeds from sale of shares | 6,494,895 | 10,918,433 | 3,031,646 | — | 2,451,358 | |||||||||||||||
Cost of shares redeemed | (16,117,264 | ) | (24,696,254 | ) | — | (115 | ) | (5,226,266 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (9,622,369 | ) | (13,777,821 | ) | 3,031,646 | (115 | ) | (2,774,908 | ) | |||||||||||
Net Increase (Decrease) in Net Assets | (7,835,491 | ) | (9,155,082 | ) | 3,090,597 | 75,075 | (1,577,575 | ) | ||||||||||||
NET ASSETS: | ||||||||||||||||||||
Beginning of period | $ | 27,560,989 | $ | 36,716,071 | $ | 120 | $ | 5,578,004 | $ | 7,155,579 | ||||||||||
End of period | $ | 19,725,498 | $ | 27,560,989 | $ | 3,090,717 | $ | 5,653,079 | $ | 5,578,004 | ||||||||||
Distributions in excess of net investment income | $ | — | $ | — | $ | — | $ | (71,292 | ) | $ | — | |||||||||
Undistributed net investment income/(Accumulated net investment loss) included in net assets at end of period | $ | 440 | $ | 72,662 | $ | (436 | ) | $ | — | $ | 66,012 | |||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||
Shares outstanding, beginning of period | 900,004 | 1,400,004 | 4 | 200,004 | 300,004 | |||||||||||||||
Shares created | 200,000 | 400,000 | 100,000 | — | 100,000 | |||||||||||||||
Shares redeemed | (500,004 | ) | (900,000 | ) | — | (4 | ) | (200,000 | ) | |||||||||||
Shares outstanding, end of period | 600,000 | 900,004 | 100,004 | 200,000 | 200,004 |
* | Commencement of operations. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 145 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree U.S. Domestic Economy Fund | WisdomTree U.S. Export and Multinational Fund | WisdomTree Fundamental U.S. Corporate Bond Fund | ||||||||||||||||||||||
For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 20,876 | $ | 24,952 | $ | 6,678 | $ | 18,270 | $ | 73,741 | $ | 136,429 | ||||||||||||
Net realized gain on investments | 70,691 | 156,946 | 18,426 | 177,648 | 2,263 | 18,609 | ||||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 174,668 | (7,456 | ) | 48,056 | 60,504 | 54,304 | (81,673 | ) | ||||||||||||||||
Net increase in net assets resulting from operations | 266,235 | 174,442 | 73,160 | 256,422 | 130,308 | 73,365 | ||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||||||||||||||||||
Net investment income | (26,703 | ) | (26,923 | ) | (7,137 | ) | (19,918 | ) | (81,472 | ) | (130,242 | ) | ||||||||||||
Capital gains | — | — | — | — | — | (24,488 | ) | |||||||||||||||||
Total dividends and distributions | (26,703 | ) | (26,923 | ) | (7,137 | ) | (19,918 | ) | (81,472 | ) | (154,730 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 778,402 | 2,828,489 | — | 1,418,799 | — | — | ||||||||||||||||||
Cost of shares redeemed | (784,914 | ) | (2,130,956 | ) | — | (2,137,207 | ) | (100 | ) | — | ||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (6,512 | ) | 697,533 | — | (718,408 | ) | (100 | ) | — | |||||||||||||||
Net Increase (Decrease) in Net Assets | 233,020 | 845,052 | 66,023 | (481,904 | ) | 48,736 | (81,365 | ) | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of period | $ | 2,134,370 | $ | 1,289,318 | $ | 729,581 | $ | 1,211,485 | $ | 4,987,644 | $ | 5,069,009 | ||||||||||||
End of period | $ | 2,367,390 | $ | 2,134,370 | $ | 795,604 | $ | 729,581 | $ | 5,036,380 | $ | 4,987,644 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of period | $ | (1,381 | ) | $ | 4,446 | $ | (1 | ) | $ | 458 | $ | (314 | ) | $ | 7,417 | |||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of period | 75,000 | 50,000 | 25,000 | 50,000 | 100,002 | 100,002 | ||||||||||||||||||
Shares created | 25,000 | 100,000 | — | 50,000 | — | — | ||||||||||||||||||
Shares redeemed | (25,000 | ) | (75,000 | ) | — | (75,000 | ) | (2 | ) | — | ||||||||||||||
Shares outstanding, end of period | 75,000 | 75,000 | 25,000 | 25,000 | 100,000 | 100,002 |
See Notes to Financial Statements.
146 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | WisdomTree Fundamental U.S. Short- Term Corporate Bond Fund | WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | ||||||||||||||||||||||
For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 143,782 | $ | 279,807 | $ | 46,520 | $ | 79,024 | $ | 116,541 | $ | 242,596 | ||||||||||||
Net realized gain (loss) on investments | 43,253 | 77,482 | (939 | ) | (2,024 | ) | 6,427 | 115,899 | ||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | (108,862 | ) | 146,656 | (19,678 | ) | (26,151 | ) | (91,833 | ) | 45,424 | ||||||||||||||
Net increase in net assets resulting from operations | 78,173 | 503,945 | 25,903 | 50,849 | 31,135 | 403,919 | ||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||||||||||||||||||
Net investment income | (147,650 | ) | (278,712 | ) | (50,202 | ) | (76,502 | ) | (118,592 | ) | (242,405 | ) | ||||||||||||
Capital gains | (40,262 | ) | (37,220 | ) | — | — | (71,568 | ) | (54,254 | ) | ||||||||||||||
Total dividends and distributions | (187,912 | ) | (315,932 | ) | (50,202 | ) | (76,502 | ) | (190,160 | ) | (296,659 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Cost of shares redeemed | (104 | ) | — | (101 | ) | — | (102 | ) | — | |||||||||||||||
Net decrease in net assets resulting from capital share transactions | (104 | ) | — | (101 | ) | — | (102 | ) | — | |||||||||||||||
Net Increase (Decrease) in Net Assets | (109,843 | ) | 188,013 | (24,400 | ) | (25,653 | ) | (159,127 | ) | 107,260 | ||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of period | $ | 5,228,980 | $ | 5,040,967 | $ | 4,994,257 | $ | 5,019,910 | $ | 5,138,895 | $ | 5,031,635 | ||||||||||||
End of period | $ | 5,119,137 | $ | 5,228,980 | $ | 4,969,857 | $ | 4,994,257 | $ | 4,979,768 | $ | 5,138,895 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of period | $ | (436 | ) | $ | 3,432 | $ | (159 | ) | $ | 3,523 | $ | (358 | ) | $ | 1,693 | |||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of period | 100,002 | 100,002 | 100,002 | 100,002 | 100,002 | 100,002 | ||||||||||||||||||
Shares created | — | — | — | — | — | — | ||||||||||||||||||
Shares redeemed | (2 | ) | — | (2 | ) | — | (2 | ) | — | |||||||||||||||
Shares outstanding, end of period | 100,000 | 100,002 | 100,000 | 100,002 | 100,000 | 100,002 |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 147 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Trust
WisdomTree Dynamic Bearish U.S. Equity Fund | WisdomTree Dynamic Long/Short U.S. Equity Fund | WisdomTree Balanced Income Fund | ||||||||||||||||||
For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period December 21, 2017* through December 31, 2017 (unaudited) | ||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||
Net investment income | $ | 51,284 | $ | 93,654 | $ | 744,007 | $ | 580,995 | $ | 9,887 | ||||||||||
Net realized gain (loss) on investments and swap contracts | (92,821 | ) | 305,245 | 1,414,314 | 1,521,047 | (10 | ) | |||||||||||||
Net increase in unrealized appreciation/depreciation on investments and swap contracts | 110,377 | 33,433 | 5,077,068 | 2,481,147 | 4,572 | |||||||||||||||
Net increase in net assets resulting from operations | 68,840 | 432,332 | 7,235,389 | 4,583,189 | 14,449 | |||||||||||||||
DIVIDENDS: | ||||||||||||||||||||
Net investment income | — | — | (999,130 | ) | (523,310 | ) | (9,800 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||
Net proceeds from sale of shares | 5,099,422 | 9,895,363 | 58,635,172 | 42,572,631 | 2,491,955 | |||||||||||||||
Cost of shares redeemed | (3,812,344 | ) | (16,111,233 | ) | (16,910,739 | ) | (11,193,537 | ) | — | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 1,287,078 | (6,215,870 | ) | 41,724,433 | 31,379,094 | 2,491,955 | ||||||||||||||
Net Increase (Decrease) in Net Assets | 1,355,918 | (5,783,538 | ) | 47,960,692 | 35,438,973 | 2,496,604 | ||||||||||||||
NET ASSETS: | ||||||||||||||||||||
Beginning of period | $ | 5,143,599 | $ | 10,927,137 | $ | 52,797,290 | $ | 17,358,317 | $ | 100 | ||||||||||
End of period | $ | 6,499,517 | $ | 5,143,599 | $ | 100,757,982 | $ | 52,797,290 | $ | 2,496,704 | ||||||||||
Undistributed net investment income/(Accumulated net investment loss) included in net assets at end of period | $ | (398,589 | ) | $ | (449,873 | ) | $ | 51,333 | $ | 306,456 | $ | 87 | ||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||
Shares outstanding, beginning of period | 200,004 | 450,004 | 1,750,004 | 650,004 | 4 | |||||||||||||||
Shares created | 200,000 | 400,000 | 1,900,000 | 1,500,000 | 100,000 | |||||||||||||||
Shares redeemed | (150,004 | ) | (650,000 | ) | (550,004 | ) | (400,000 | ) | — | |||||||||||
Shares outstanding, end of period | 250,000 | 200,004 | 3,100,000 | 1,750,004 | 100,004 |
* | Commencement of operations. |
See Notes to Financial Statements.
148 | WisdomTree Trust Semi-Annual Report December 31, 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 Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 29.27 | $ | 23.27 | $ | 24.25 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.18 | 0.47 | 0.70 | |||||||||
Net realized and unrealized gain (loss) | 2.17 | 6.08 | (1.11 | ) | ||||||||
Total from investment operations | 2.35 | 6.55 | (0.41 | ) | ||||||||
Dividends and distributions to shareholders: | ||||||||||||
Net investment income | (0.06 | ) | (0.44 | ) | (0.57 | ) | ||||||
Capital gains | (0.17 | ) | (0.11 | ) | — | |||||||
Total dividends and distributions to shareholders | (0.23 | ) | (0.55 | ) | (0.57 | ) | ||||||
Net asset value, end of period | $ | 31.39 | $ | 29.27 | $ | 23.27 | ||||||
TOTAL RETURN2 | 8.05 | % | 28.55 | % | (1.81 | )% | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 15,694 | $ | 1,463 | $ | 4,655 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.43 | %3 | 0.43 | % | 0.43 | %3 | ||||||
Expenses, prior to expense waivers | 0.48 | %3 | 0.48 | % | 0.48 | %3 | ||||||
Net investment income | 1.16 | %3 | 1.86 | % | 6.02 | %3 | ||||||
Portfolio turnover rate4 | 5 | % | 12 | % | 25 | % |
WisdomTree Dynamic Currency Hedged International Equity Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 28.27 | $ | 24.26 | $ | 24.18 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.34 | 0.98 | 0.79 | |||||||||
Net realized and unrealized gain (loss) | 2.12 | 4.32 | (0.35 | ) | ||||||||
Total from investment operations | 2.46 | 5.30 | 0.44 | |||||||||
Dividends and distributions to shareholders: | ||||||||||||
Net investment income | (0.22 | ) | (0.83 | ) | (0.36 | ) | ||||||
Capital gains | — | (0.46 | ) | — | ||||||||
Total dividends and distributions to shareholders | (0.22 | ) | (1.29 | ) | (0.36 | ) | ||||||
Net asset value, end of period | $ | 30.51 | $ | 28.27 | $ | 24.26 | ||||||
TOTAL RETURN2 | 8.72 | % | 22.25 | % | 1.82 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 514,092 | $ | 450,964 | $ | 243,806 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.35 | %3 | 0.35 | % | 0.35 | %3 | ||||||
Expenses, prior to expense waivers | 0.40 | %3 | 0.40 | % | 0.40 | %3 | ||||||
Net investment income | 2.30 | %3 | 3.67 | % | 6.79 | %3 | ||||||
Portfolio turnover rate4 | 2 | % | 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. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 149 |
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 Six Months Ended December 31, 2017 (unaudited) | For the Period November 3, 2016* through June 30, 2017 | ||||||
Net asset value, beginning of period | $ | 23.31 | $ | 19.63 | ||||
Investment operations: | ||||||||
Net investment income1 | 0.17 | 0.32 | ||||||
Net realized and unrealized gain | 1.74 | 3.52 | ||||||
Total from investment operations | 1.91 | 3.84 | ||||||
Dividends and distributions to shareholders: | ||||||||
Net investment income | (0.08 | ) | (0.15 | ) | ||||
Capital gains | (0.17 | ) | — | |||||
Return of capital | — | (0.01 | ) | |||||
Total dividends and distributions to shareholders | (0.25 | ) | (0.16 | ) | ||||
Net asset value, end of period | $ | 24.97 | $ | 23.31 | ||||
TOTAL RETURN2 | 8.18 | % | 19.61 | % | ||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||
Net assets, end of period (000’s omitted) | $ | 3,745 | $ | 2,331 | ||||
Ratios to average net assets3 of: | ||||||||
Expenses, net of expense waivers | 0.10 | %4 | 0.10 | %4 | ||||
Expenses, prior to expense waivers | 0.58 | %4 | 0.58 | %4 | ||||
Net investment income | 1.38 | %4 | 2.23 | %4 | ||||
Portfolio turnover rate5 | 2 | % | 4 | % |
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 30.12 | $ | 23.87 | $ | 24.24 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.32 | 0.86 | 0.52 | |||||||||
Net realized and unrealized gain (loss) | 3.06 | 6.18 | (0.41 | ) | ||||||||
Total from investment operations | 3.38 | 7.04 | 0.11 | |||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.21 | ) | (0.79 | ) | (0.48 | ) | ||||||
Net asset value, end of period | $ | 33.29 | $ | 30.12 | $ | 23.87 | ||||||
TOTAL RETURN2 | 11.24 | % | 29.80 | % | 0.36 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 11,652 | $ | 3,012 | $ | 2,388 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.43 | %4 | 0.43 | % | 0.43 | %4 | ||||||
Expenses, prior to expense waivers | 0.48 | %4 | 0.48 | % | 0.48 | %4 | ||||||
Net investment income | 1.98 | %4 | 3.16 | % | 4.42 | %4 | ||||||
Portfolio turnover rate5 | 2 | % | 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. |
See Notes to Financial Statements.
150 | WisdomTree Trust Semi-Annual Report December 31, 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 Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 27.57 | $ | 22.25 | $ | 24.38 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.24 | 0.38 | 0.28 | |||||||||
Net realized and unrealized gain (loss) | 3.01 | 5.32 | (2.22 | ) | ||||||||
Total from investment operations | 3.25 | 5.70 | (1.94 | ) | ||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.99 | ) | (0.38 | ) | (0.19 | ) | ||||||
Net asset value, end of period | $ | 29.83 | $ | 27.57 | $ | 22.25 | ||||||
TOTAL RETURN2 | 11.97 | % | 25.70 | % | (8.00 | )% | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 2,983 | $ | 2,757 | $ | 4,449 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.43 | %3 | 0.43 | % | 0.43 | %3 | ||||||
Expenses, prior to expense waivers | 0.48 | %3 | 0.48 | % | 0.48 | %3 | ||||||
Net investment income | 1.67 | %3 | 1.51 | % | 2.50 | %3 | ||||||
Portfolio turnover rate4 | 2 | % | 15 | % | 22 | % |
WisdomTree Emerging Markets Dividend Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period April 7, 2016* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 29.71 | $ | 25.63 | $ | 24.53 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.44 | 0.96 | 0.36 | |||||||||
Net realized and unrealized gain | 3.55 | 3.96 | 0.87 | |||||||||
Total from investment operations | 3.99 | 4.92 | 1.23 | |||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.59 | ) | (0.84 | ) | (0.13 | ) | ||||||
Net asset value, end of period | $ | 33.11 | $ | 29.71 | $ | 25.63 | ||||||
TOTAL RETURN2 | 13.53 | % | 19.46 | % | 5.01 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 23,178 | $ | 11,885 | $ | 2,563 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses | 0.32 | %3 | 0.32 | % | 0.32 | %3 | ||||||
Net investment income | 2.77 | %3 | 3.38 | % | 6.14 | %3 | ||||||
Portfolio turnover rate4 | 27 | % | 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. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 151 |
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 Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period October 29, 2015* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 27.81 | $ | 20.86 | $ | 24.70 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.06 | 0.44 | 0.52 | |||||||||
Net realized and unrealized gain (loss) | 3.19 | 7.06 | (3.87 | ) | ||||||||
Total from investment operations | 3.25 | 7.50 | (3.35 | ) | ||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.04 | ) | (0.55 | ) | (0.49 | ) | ||||||
Net asset value, end of period | $ | 31.02 | $ | 27.81 | $ | 20.86 | ||||||
TOTAL RETURN2 | 11.69 | % | 36.05 | % | (13.76 | )% | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 12,409 | $ | 2,781 | $ | 3,128 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.48 | %3 | 0.48 | % | 0.48 | %3 | ||||||
Expenses, prior to expense waivers | 0.58 | %3 | 0.58 | % | 0.58 | %3 | ||||||
Net investment income | 0.37 | %3 | 1.85 | % | 3.32 | %3 | ||||||
Portfolio turnover rate4 | 2 | % | 12 | % | 22 | % |
WisdomTree Global ex-Mexico Equity Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Period February 10, 2017* through June 30, 2017 | ||||||
Net asset value, beginning of period | $ | 26.86 | $ | 25.22 | ||||
Investment operations: | ||||||||
Net investment income1 | 0.24 | 0.21 | ||||||
Net realized and unrealized gain | 2.77 | 1.50 | ||||||
Total from investment operations | 3.01 | 1.71 | ||||||
Dividends to shareholders: | ||||||||
Net investment income | (0.25 | ) | (0.07 | ) | ||||
Net asset value, end of period | $ | 29.62 | $ | 26.86 | ||||
TOTAL RETURN2 | 11.24 | % | 6.79 | % | ||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||
Net assets, end of period (000’s omitted) | $ | 82,933 | $ | 51,042 | ||||
Ratios to average net assets of: | ||||||||
Expenses, net of expense waivers | 0.30 | %3 | 0.30 | %3 | ||||
Expenses, prior to expense waivers | 0.35 | %3 | 0.35 | %3 | ||||
Net investment income | 1.68 | %3 | 2.15 | %3 | ||||
Portfolio turnover rate4 | 8 | % | 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. |
See Notes to Financial Statements.
152 | WisdomTree Trust Semi-Annual Report December 31, 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 Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period November 19, 2015* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 24.47 | $ | 20.71 | $ | 20.23 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.47 | 0.69 | 0.39 | |||||||||
Net realized and unrealized gain | 1.63 | 3.79 | 0.45 | |||||||||
Total from investment operations | 2.10 | 4.48 | 0.84 | |||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.41 | ) | (0.72 | ) | (0.36 | ) | ||||||
Net asset value, end of period | $ | 26.16 | $ | 24.47 | $ | 20.71 | ||||||
TOTAL RETURN2 | 8.65 | % | 21.89 | % | 4.20 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 15,695 | $ | 24,473 | $ | 35,202 | ||||||
Ratios to average net assets3 of: | ||||||||||||
Expenses, net of expense waivers | 0.00 | %4,5 | 0.00 | %5 | 0.00 | %4,5 | ||||||
Expenses, prior to expense waivers | 0.43 | %4 | 0.43 | % | 0.43 | %4 | ||||||
Net investment income | 3.70 | %4 | 2.97 | % | 3.23 | %4 | ||||||
Portfolio turnover rate6 | 1 | % | 3 | % | 3 | % |
WisdomTree Global SmallCap Dividend Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period November 12, 2015* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 30.62 | $ | 26.23 | $ | 24.58 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.49 | 0.80 | 0.61 | |||||||||
Net realized and unrealized gain | 2.37 | 4.53 | 1.52 | |||||||||
Total from investment operations | 2.86 | 5.33 | 2.13 | |||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.60 | ) | (0.94 | ) | (0.48 | ) | ||||||
Net asset value, end of period | $ | 32.88 | $ | 30.62 | $ | 26.23 | ||||||
TOTAL RETURN2 | 9.40 | % | 20.56 | % | 8.71 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 19,725 | $ | 27,561 | $ | 36,716 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses | 0.43 | %4 | 0.43 | % | 0.43 | %4 | ||||||
Net investment income | 3.08 | %4 | 2.76 | % | 3.88 | %4 | ||||||
Portfolio turnover rate6 | 25 | % | 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 | Annualized. |
5 | Amount represents less than 0.005%. |
6 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 153 |
Table of Contents
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree ICBCCS S&P China 500 Fund | For the Period December 21, 2017* through December 31, 2017 (unaudited) | |||
Net asset value, beginning of period | $ | 30.57 | ||
Investment operations: | ||||
Net investment loss1 | (0.00 | )2 | ||
Net realized and unrealized gain | 0.34 | |||
Total from investment operations | 0.34 | |||
Net asset value, end of period | $ | 30.91 | ||
TOTAL RETURN3 | 1.11 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 3,091 | ||
Ratios to average net assets of: | ||||
Expenses | 0.55 | %4 | ||
Net investment loss | (0.47 | )%4 | ||
Portfolio turnover rate5 | 0 | % |
WisdomTree Strong Dollar Emerging Markets Equity Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period October 29, 2015* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 27.89 | $ | 23.85 | $ | 24.58 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.26 | 0.38 | 0.12 | |||||||||
Net realized and unrealized gain (loss) | 2.39 | 4.00 | (0.83 | ) | ||||||||
Total from investment operations | 2.65 | 4.38 | (0.71 | ) | ||||||||
Dividends and distributions to shareholders: | ||||||||||||
Net investment income | (0.95 | ) | (0.34 | ) | (0.02 | ) | ||||||
Capital gains | (1.32 | ) | — | — | ||||||||
Total dividends and distributions to shareholders | (2.27 | ) | (0.34 | ) | (0.02 | ) | ||||||
Net asset value, end of period | $ | 28.27 | $ | 27.89 | $ | 23.85 | ||||||
TOTAL RETURN3 | 9.84 | % | 18.52 | % | (2.88 | )% | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 5,653 | $ | 5,578 | $ | 7,156 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.32 | %4 | 0.58 | %6 | 0.58 | %4 | ||||||
Expenses, prior to expense waivers | 0.58 | %4 | 0.58 | %6 | 0.58 | %4 | ||||||
Net investment income | 1.81 | %4 | 1.51 | % | 0.78 | %4 | ||||||
Portfolio turnover rate5 | 4 | % | 51 | % | 74 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Amount represents less than $0.005. |
3 | 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). |
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. |
6 | Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust. |
See Notes to Financial Statements.
154 | WisdomTree Trust Semi-Annual Report December 31, 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. Domestic Economy Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period July 21, 2015* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 28.46 | $ | 25.79 | $ | 24.85 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.28 | 0.44 | 0.43 | |||||||||
Net realized and unrealized gain | 3.19 | 2.71 | 0.94 | |||||||||
Total from investment operations | 3.47 | 3.15 | 1.37 | |||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.36 | ) | (0.48 | ) | (0.43 | ) | ||||||
Net asset value, end of period | $ | 31.57 | $ | 28.46 | $ | 25.79 | ||||||
TOTAL RETURN2 | 12.25 | % | 12.34 | % | 5.62 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 2,367 | $ | 2,134 | $ | 1,289 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses | 0.33 | %3 | 0.33 | % | 0.33 | %3 | ||||||
Net investment income | 1.89 | %3 | 1.61 | % | 1.89 | %3 | ||||||
Portfolio turnover rate4 | 18 | % | 40 | % | 23 | % |
WisdomTree U.S. Export and Multinational Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period July 21, 2015* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 29.18 | $ | 24.23 | $ | 24.88 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.27 | 0.39 | 0.36 | |||||||||
Net realized and unrealized gain (loss) | 2.66 | 5.04 | (0.63 | ) | ||||||||
Total from investment operations | 2.93 | 5.43 | (0.27 | ) | ||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.29 | ) | (0.48 | ) | (0.38 | ) | ||||||
Net asset value, end of period | $ | 31.82 | $ | 29.18 | $ | 24.23 | ||||||
TOTAL RETURN2 | 10.05 | % | 22.55 | % | (1.03 | )% | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 796 | $ | 730 | $ | 1,211 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses | 0.33 | %3 | 0.33 | % | 0.33 | %3 | ||||||
Net investment income | 1.74 | %3 | 1.47 | % | 1.61 | %3 | ||||||
Portfolio turnover rate4 | 15 | % | 57 | % | 21 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. |
3 | Annualized. |
4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 155 |
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. Corporate Bond Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 49.88 | $ | 50.69 | $ | 49.96 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.74 | 1.36 | 0.22 | |||||||||
Net realized and unrealized gain (loss) | 0.55 | (0.63 | ) | 0.72 | ||||||||
Total from investment operations | 1.29 | 0.73 | 0.94 | |||||||||
Dividends and distributions to shareholders: | ||||||||||||
Net investment income | (0.81 | ) | (1.30 | ) | (0.21 | ) | ||||||
Capital gains | — | (0.24 | ) | — | ||||||||
Total dividends and distributions to shareholders | (0.81 | ) | (1.54 | ) | (0.21 | ) | ||||||
Net asset value, end of period | $ | 50.36 | $ | 49.88 | $ | 50.69 | ||||||
TOTAL RETURN2 | 2.61 | % | 1.52 | % | 1.89 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 5,036 | $ | 4,988 | $ | 5,069 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.18 | %3 | 0.18 | % | 0.18 | %3 | ||||||
Expenses, prior to expense waivers | 0.28 | %3 | 0.28 | % | 0.28 | %3 | ||||||
Net investment income | 2.92 | %3 | 2.74 | % | 2.50 | %3 | ||||||
Portfolio turnover rate4 | 7 | % | 45 | % | 3 | % |
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 52.29 | $ | 50.41 | $ | 50.19 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 1.44 | 2.80 | 0.47 | |||||||||
Net realized and unrealized gain (loss) | (0.66 | ) | 2.24 | 0.20 | ||||||||
Total from investment operations | 0.78 | 5.04 | 0.67 | |||||||||
Dividends and distributions to shareholders: | ||||||||||||
Net investment income | (1.48 | ) | (2.79 | ) | (0.45 | ) | ||||||
Capital gains | (0.40 | ) | (0.37 | ) | — | |||||||
Total dividends and distributions to shareholders | (1.88 | ) | (3.16 | ) | (0.45 | ) | ||||||
Net asset value, end of period | $ | 51.19 | $ | 52.29 | $ | 50.41 | ||||||
TOTAL RETURN2 | 1.50 | % | 10.23 | % | 1.34 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 5,119 | $ | 5,229 | $ | 5,041 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.38 | %3 | 0.38 | % | 0.38 | %3 | ||||||
Expenses, prior to expense waivers | 0.48 | %3 | 0.48 | % | 0.48 | %3 | ||||||
Net investment income | 5.48 | %3 | 5.38 | % | 5.31 | %3 | ||||||
Portfolio turnover rate4 | 12 | % | 51 | % | 0 | % |
* | 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. |
See Notes to Financial Statements.
156 | WisdomTree Trust Semi-Annual Report December 31, 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 Corporate Bond Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 49.94 | $ | 50.20 | $ | 49.98 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.47 | 0.79 | 0.12 | |||||||||
Net realized and unrealized gain (loss) | (0.21 | ) | (0.28 | ) | 0.21 | |||||||
Total from investment operations | 0.26 | 0.51 | 0.33 | |||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.50 | ) | (0.77 | ) | (0.11 | ) | ||||||
Net asset value, end of period | $ | 49.70 | $ | 49.94 | $ | 50.20 | ||||||
TOTAL RETURN2 | 0.52 | % | 1.02 | % | 0.66 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 4,970 | $ | 4,994 | $ | 5,020 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.18 | %3 | 0.18 | % | 0.18 | %3 | ||||||
Expenses, prior to expense waivers | 0.28 | %3 | 0.28 | % | 0.28 | %3 | ||||||
Net investment income | 1.85 | %3 | 1.58 | % | 1.35 | %3 | ||||||
Portfolio turnover rate4 | 19 | % | 38 | % | 14 | % |
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period April 27, 2016* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 51.39 | $ | 50.32 | $ | 49.95 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 1.17 | 2.43 | 0.51 | |||||||||
Net realized and unrealized gain (loss) | (0.85 | ) | 1.60 | 0.35 | ||||||||
Total from investment operations | 0.32 | 4.03 | 0.86 | |||||||||
Dividends and distributions to shareholders: | ||||||||||||
Net investment income | (1.19 | ) | (2.42 | ) | (0.49 | ) | ||||||
Capital gains | (0.72 | ) | (0.54 | ) | — | |||||||
Total dividends and distributions to shareholders | (1.91 | ) | (2.96 | ) | (0.49 | ) | ||||||
Net asset value, end of period | $ | 49.80 | $ | 51.39 | $ | 50.32 | ||||||
TOTAL RETURN2 | 0.61 | % | 8.19 | % | 1.73 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 4,980 | $ | 5,139 | $ | 5,032 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.38 | %3 | 0.38 | % | 0.38 | %3 | ||||||
Expenses, prior to expense waivers | 0.48 | %3 | 0.48 | % | 0.48 | %3 | ||||||
Net investment income | 4.54 | %3 | 4.72 | % | 5.66 | %3 | ||||||
Portfolio turnover rate4 | 23 | % | 69 | % | 0 | % |
* | 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. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 157 |
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 Bearish U.S. Equity Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period December 23, 2015* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 25.72 | $ | 24.28 | $ | 24.30 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.25 | 0.47 | 0.08 | |||||||||
Net realized and unrealized gain (loss) | 0.03 | 0.97 | (0.06 | ) | ||||||||
Total from investment operations | 0.28 | 1.44 | 0.02 | |||||||||
Distributions to shareholders: | ||||||||||||
Return of capital | — | — | (0.04 | ) | ||||||||
Net asset value, end of period | $ | 26.00 | $ | 25.72 | $ | 24.28 | ||||||
TOTAL RETURN2 | 1.09 | % | 5.93 | % | 0.06 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 6,500 | $ | 5,144 | $ | 10,927 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.48 | %3 | 0.48 | % | 0.48 | %3 | ||||||
Expenses, prior to expense waivers | 0.53 | %3 | 0.53 | % | 0.53 | %3 | ||||||
Net investment income | 1.95 | %3 | 1.90 | % | 0.60 | %3 | ||||||
Portfolio turnover rate4 | 65 | % | 153 | % | 4 | % |
WisdomTree Dynamic Long/Short U.S. Equity Fund | For the Six Months Ended December 31, 2017 (unaudited) | For the Year Ended June 30, 2017 | For the Period December 23, 2015* through June 30, 2016 | |||||||||
Net asset value, beginning of period | $ | 30.17 | $ | 26.70 | $ | 25.13 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.31 | 0.55 | 0.24 | |||||||||
Net realized and unrealized gain | 2.34 | 3.47 | 1.49 | |||||||||
Total from investment operations | 2.65 | 4.02 | 1.73 | |||||||||
Dividends to shareholders: | ||||||||||||
Net investment income | (0.32 | ) | (0.55 | ) | (0.16 | ) | ||||||
Net asset value, end of period | $ | 32.50 | $ | 30.17 | $ | 26.70 | ||||||
TOTAL RETURN2 | 8.79 | % | 15.25 | % | 6.88 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 100,758 | $ | 52,797 | $ | 17,358 | ||||||
Ratios to average net assets of: | ||||||||||||
Expenses, net of expense waivers | 0.48 | %3 | 0.48 | % | 0.48 | %3 | ||||||
Expenses, prior to expense waivers | 0.53 | %3 | 0.53 | % | 0.53 | %3 | ||||||
Net investment income | 1.99 | %3 | 1.95 | % | 1.80 | %3 | ||||||
Portfolio turnover rate4 | 65 | % | 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. |
See Notes to Financial Statements.
158 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Financial Highlights (concluded)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Balanced Income Fund | For the Period December 21, 2017* through December 31, 2017 (unaudited) | |||
Net asset value, beginning of period | $ | 24.92 | ||
Investment operations: | ||||
Net investment income1 | 0.10 | |||
Net realized and unrealized gain | 0.05 | |||
Total from investment operations | 0.15 | |||
Dividends to shareholders: | ||||
Net investment income | (0.10 | ) | ||
Net asset value, end of period | $ | 24.97 | ||
TOTAL RETURN2 | 0.59 | % | ||
RATIOS/SUPPLEMENTAL DATA: | ||||
Net assets, end of period (000’s omitted) | $ | 2,497 | ||
Ratios to average net assets3 of: | ||||
Expenses, net of expense waivers | 0.03 | %4 | ||
Expenses, prior to expense waivers | 0.40 | %4 | ||
Net investment income | 0.40 | % | ||
Portfolio turnover rate5 | 0 | %6 |
* | 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. |
6 | Amount represents less than 1%. |
See Notes to Financial Statements.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 159 |
Table of Contents
Notes to Financial Statements (unaudited)
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 December 31, 2017, the Trust consisted of 88 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’’) | 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 ICBCCS S&P China 500 Fund (“ICBCCS S&P China 500 Fund’’) | December 21, 2017 | |||
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’’) | July 21, 2015 | |||
WisdomTree U.S. Export and Multinational Fund (“U.S. Export and Multinational 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 | |||
WisdomTree Balanced Income Fund (“Balanced Income Fund’’) | December 21, 2017 |
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”) or an Index developed by a third party. 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.
160 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
The following is a summary of significant accounting policies followed by the Funds:
Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV 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 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
WisdomTree Trust Semi-Annual Report December 31, 2017 | 161 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as 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 December 31, 2017 in valuing each Fund’s assets:
Dynamic Currency Hedged Europe Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 15,705,215 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 33,449 | — | |||||||||
Total | 15,705,215 | 33,449 | — | |||||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 512 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (26,228 | ) | — | ||||||||
Total - Net | $ | 15,705,215 | $ | 7,733 | $ | — |
162 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
Dynamic Currency Hedged International Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 513,945,724 | $ | — | $ | — | ||||||
Rights | — | 6,490 | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 3,121,384 | — | |||||||||
Total | 513,945,724 | 3,127,874 | — | |||||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 503,824 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (1,338,193 | ) | — | ||||||||
Total - Net | $ | 513,945,724 | $ | 2,293,505 | $ | — | ||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Exchange-Traded Fund | $ | 3,745,193 | $ | — | $ | — | ||||||
Total | 3,745,193 | — | — | |||||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 3,290 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (10,218 | ) | — | ||||||||
Total - Net | $ | 3,745,193 | $ | (6,928 | ) | $ | — | |||||
Dynamic Currency Hedged International SmallCap Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Australia | $ | 1,512,486 | $ | — | $ | 0 | ** | |||||
Japan | 3,102,163 | 3,370 | — | |||||||||
Other* | 7,058,312 | — | — | |||||||||
Rights | — | 270 | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 260,515 | — | |||||||||
Total | 11,672,961 | 264,155 | 0 | |||||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 8,552 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (55,567 | ) | — | ||||||||
Total - Net | $ | 11,672,961 | $ | 217,140 | $ | 0 | ||||||
Dynamic Currency Hedged Japan Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 2,972,459 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 13,901 | — | |||||||||
Total | 2,972,459 | 13,901 | — | |||||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 12,786 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (241 | ) | — | ||||||||
Total - Net | $ | 2,972,459 | $ | 26,446 | $ | — | ||||||
Emerging Markets Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
India | $ | 1,470,143 | $ | 5,588 | $ | — | ||||||
South Korea | 2,683,644 | — | 7,314 | ** | ||||||||
Other* | 18,970,326 | — | — | |||||||||
Warrants | 1,335 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 62,944 | — | |||||||||
Total | 23,125,448 | 68,532 | 7,314 | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (34 | ) | — | ||||||||
Total - Net | $ | 23,125,448 | $ | 68,498 | $ | 7,314 |
WisdomTree Trust Semi-Annual Report December 31, 2017 | 163 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
Europe Domestic Economy Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 12,407,188 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 143,812 | — | |||||||||
Total | $ | 12,407,188 | $ | 143,812 | $ | — | ||||||
Global ex-Mexico Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 82,812,254 | $ | — | $ | — | ||||||
Total | 82,812,254 | — | — | |||||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 64 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (403 | ) | — | ||||||||
Total - Net | $ | 82,812,254 | $ | (339 | ) | $ | — | |||||
Global Hedged SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Exchange-Traded Fund | $ | 15,693,137 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 1,711,125 | — | |||||||||
Total | 15,693,137 | 1,711,125 | — | |||||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 24,828 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (81,445 | ) | — | ||||||||
Total - Net | $ | 15,693,137 | $ | 1,654,508 | $ | — | ||||||
Global SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 19,563,254 | $ | — | $ | — | ||||||
Rights | — | 478 | — | |||||||||
Exchange-Traded Note | 103,335 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 625,240 | — | |||||||||
Total | $ | 19,666,589 | $ | 625,718 | $ | — | ||||||
ICBCCS S&P China 500 Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Electrical Equipment | $ | 47,960 | $ | 2,425 | $ | — | ||||||
Other* | 2,969,341 | — | — | |||||||||
Total | $ | 3,017,301 | $ | 2,425 | $ | — | ||||||
Strong Dollar Emerging Markets Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Taiwan | $ | 1,804,843 | $ | — | $ | 2,907 | ** | |||||
Other* | 3,854,434 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 147,280 | — | |||||||||
Total | 5,659,277 | 147,280 | 2,907 | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (1 | ) | — | ||||||||
Total - Net | $ | 5,659,277 | $ | 147,279 | $ | 2,907 | ||||||
U.S. Domestic Economy Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 2,364,511 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 5,210 | — | |||||||||
Total | $ | 2,364,511 | $ | 5,210 | $ | — |
164 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
U.S. Export and Multinational Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 794,752 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 1,297 | — | |||||||||
Total | $ | 794,752 | $ | 1,297 | $ | — | ||||||
Fundamental U.S. Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 4,958,225 | $ | — | ||||||
U.S. Government Obligations | — | 9,871 | — | |||||||||
Total | $ | — | $ | 4,968,096 | $ | — | ||||||
Fundamental U.S. High Yield Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 5,048,472 | $ | — | ||||||
Total | $ | — | $ | 5,048,472 | $ | — | ||||||
Fundamental U.S. Short-Term Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 4,872,336 | $ | — | ||||||
Total | $ | — | $ | 4,872,336 | $ | — | ||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
Corporate Bonds | $ | — | $ | 4,835,276 | $ | — | ||||||
Total | $ | — | $ | 4,835,276 | $ | — | ||||||
Dynamic Bearish U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 6,503,164 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 176,696 | — | |||||||||
Total | 6,503,164 | 176,696 | — | |||||||||
Unrealized Depreciation on Swap Contracts | — | (50,028 | ) | — | ||||||||
Total - Net | $ | 6,503,164 | $ | 126,668 | $ | — | ||||||
Dynamic Long/Short U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 100,635,462 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 4,524,621 | — | |||||||||
Total | $ | 100,635,462 | $ | 4,524,621 | $ | — | ||||||
Balanced Income Fund | Level 1 | Level 2 | Level 3 | |||||||||
Exchange-Traded Funds | $ | 2,496,063 | $ | — | $ | — | ||||||
Total | $ | 2,496,063 | $ | — | $ | — |
* | Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country. |
** | Security is being fair valued using significant unobservable inputs by the Pricing Committee. |
The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.
During the six months ended December 31, 2017, Dynamic Currency Hedged International SmallCap Equity Fund transferred securities with a fair value of $1,003 from Level 1 to Level 2 as a result of the unavailability of a quoted price in an active market for identical investments.
During the six months or period ended December 31, 2017, there were no significant transfers into or out of Level 3 of the fair value hierarchy.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 165 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts and swap contracts during the period ended December 31, 2017 and open positions in such derivatives as of December 31, 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 December 31, 2017 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on pages 162 and 163. At December 31, 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. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of December 31, 2017, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.
As of December 31, 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:
Asset Derivatives | Liability Derivatives | |||||||||||
Fund | Balance Sheet Location | Value | Balance Sheet Location | Value | ||||||||
Dynamic Currency Hedged Europe Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | 512 | Unrealized depreciation on foreign currency contracts | $ | 26,228 | ||||||
Dynamic Currency Hedged International Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 503,824 | Unrealized depreciation on foreign currency contracts | 1,338,193 | ||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 3,290 | Unrealized depreciation on foreign currency contracts | 10,218 | ||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 8,552 | Unrealized depreciation on foreign currency contracts | 55,567 | ||||||||
Dynamic Currency Hedged Japan Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 12,786 | Unrealized depreciation on foreign currency contracts | 241 | ||||||||
Emerging Markets Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 34 | ||||||||
Global ex-Mexico Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 64 | Unrealized depreciation on foreign currency contracts | 403 | ||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 24,828 | Unrealized depreciation on foreign currency contracts | 81,445 | ||||||||
Strong Dollar Emerging Markets Equity Fund | ||||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 1 | ||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||
Equity contracts | Unrealized appreciation on swap contracts | — | Unrealized depreciation on swap contracts | 50,028 |
166 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
For the six months or period ended December 31, 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 | $ | (31,613 | ) | $ | (19,522 | ) | ||
Dynamic Currency Hedged International Equity Fund | ||||||||
Foreign exchange contracts | (4,694,665 | ) | 11,306 | |||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||
Foreign exchange contracts | (18,898 | ) | 35 | |||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||
Foreign exchange contracts | (27,714 | ) | (40,300 | ) | ||||
Dynamic Currency Hedged Japan Equity Fund | ||||||||
Foreign exchange contracts | 9,235 | (26,221 | ) | |||||
Emerging Markets Dividend Fund |
| |||||||
Foreign exchange contracts | (8,743 | ) | (34 | ) | ||||
Europe Domestic Economy Fund |
| |||||||
Foreign exchange contracts | 107 | — | ||||||
Global ex-Mexico Equity Fund |
| |||||||
Foreign exchange contracts | (21,565 | ) | (320 | ) | ||||
Global Hedged SmallCap Dividend Fund |
| |||||||
Foreign exchange contracts | (198,315 | ) | (4,730 | ) | ||||
Global SmallCap Dividend Fund |
| |||||||
Foreign exchange contracts | (13,918 | ) | 8 | |||||
Equity contracts | 18,613 | — | ||||||
ICBCCS S&P China 500 Fund3 |
| |||||||
Foreign exchange contracts | 9,975 | — | ||||||
Strong Dollar Emerging Markets Equity Fund |
| |||||||
Foreign exchange contracts | 1,049 | (1 | ) | |||||
Dynamic Bearish U.S. Equity Fund |
| |||||||
Equity contracts | (328,003 | ) | (80,792 | ) | ||||
Dynamic Long/Short U.S. Equity Fund |
| |||||||
Equity contracts | 47,366 | (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 | |
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 increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts | |
Equity contracts | Net increase (decrease) in unrealized appreciation/depreciation from swap contracts |
3 | For the period December 21, 2017 (commencement of operations) through December 31, 2017. |
During the six months or period ended December 31, 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 | $ | 2,967,627 | $ | 6,035,846 | $ | — | $ | — | ||||||||
Dynamic Currency Hedged International Equity Fund | ||||||||||||||||
Foreign exchange contracts | 216,779,664 | 436,564,869 | — | — | ||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||||||
Foreign exchange contracts | 1,454,405 | 2,965,023 | — | — |
WisdomTree Trust Semi-Annual Report December 31, 2017 | 167 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
Average Notional | ||||||||||||||||
Fund | Foreign currency contracts (to deliver) | Foreign currency contracts (to receive) | Swap contracts (short) | Futures contracts (long) | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||
Foreign exchange contracts | $ | 2,418,278 | $ | 5,073,792 | $ | — | $ | — | ||||||||
Dynamic Currency Hedged Japan Equity Fund | ||||||||||||||||
Foreign exchange contracts | 1,944,322 | 3,921,883 | — | — | ||||||||||||
Emerging Markets Dividend Fund | ||||||||||||||||
Foreign exchange contracts | 195,012 | 2,987 | — | — | ||||||||||||
Europe Domestic Economy Fund | ||||||||||||||||
Foreign exchange contracts | — | 1,327 | — | — | ||||||||||||
Global ex-Mexico Equity Fund | ||||||||||||||||
Foreign exchange contracts | 12,700 | 22,674 | — | — | ||||||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||||||
Foreign exchange contracts | 10,480,088 | 20,281,539 | — | — | ||||||||||||
Global SmallCap Dividend Fund | ||||||||||||||||
Equity contracts1 | — | — | — | 922,046 | ||||||||||||
Foreign exchange contracts | 911 | 51,739 | — | — | ||||||||||||
ICBCCS S&P China 500 Fund1,2 | ||||||||||||||||
Foreign exchange contracts | 1,464,598 | 4,080,791 | — | — | ||||||||||||
Strong Dollar Emerging Markets Equity Fund | ||||||||||||||||
Foreign exchange contracts | 4,480 | 20,804 | — | — | ||||||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||||||
Equity contracts | — | — | 4,280,168 | — | ||||||||||||
Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||
Equity contracts1 | — | — | 7,478,229 | — |
1 | The volume of derivative activity for the period is based on intra-month balances. |
2 | For the period December 21, 2017 (commencement of operations) through December 31, 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 (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received 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 accretion of discounts), net of any foreign taxes withheld, is accrued daily. Generally, amortization of premiums and accretion of discounts are recognized daily using the interest method (also known as the scientific amortization method). Income earned from securities lending activities (i.e. Securities lending income), net of fees payable to the securities borrower and/or securities lending agent, 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 increase (decrease) 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 increase (decrease) 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
168 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
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.
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, ICBCCS S&P China 500 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 increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts 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 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
WisdomTree Trust Semi-Annual Report December 31, 2017 | 169 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
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.
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
170 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.
Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.
A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.
For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of December 31, 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 Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | Gross Amounts Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | |||||||||||||||||||||||||||
Fund | Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | ||||||||||||||||||||||||||||
Dynamic Currency Hedged Europe Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | $ | 41,644 | $ | — | $ | (41,644 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Foreign Currency Contracts | 512 | (512 | ) | — | — | 26,228 | (512 | ) | — | 25,716 | ||||||||||||||||||||||
Dynamic Currency Hedged International Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 5,834,535 | — | (5,834,535 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 503,824 | (503,081 | ) | — | 743 | 1,338,193 | (503,081 | ) | — | 835,112 | ||||||||||||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||||||||||||||||||||||
Foreign Currency Contracts | 3,290 | (3,290 | ) | — | — | 10,218 | (3,290 | ) | — | 6,928 | ||||||||||||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 308,165 | — | (308,165 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 8,552 | (8,552 | ) | — | — | 55,567 | (8,552 | ) | — | 47,015 | ||||||||||||||||||||||
Dynamic Currency Hedged Japan Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 51,333 | — | (51,333 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 12,786 | (172 | ) | — | 12,614 | 241 | (172 | ) | — | 69 | ||||||||||||||||||||||
Emerging Markets Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 135,293 | — | (135,293 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 34 | — | — | 34 |
WisdomTree Trust Semi-Annual Report December 31, 2017 | 171 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
Assets | Liabilities | |||||||||||||||||||||||||||||||
Gross Amounts Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | Gross Amounts Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | |||||||||||||||||||||||||||
Fund | Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | ||||||||||||||||||||||||||||
Europe Domestic Economy Fund | ||||||||||||||||||||||||||||||||
Securities Lending | $ | 148,433 | $ | — | $ | (148,433 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Global ex-Mexico Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 220,520 | — | (220,520 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 64 | (64 | ) | — | — | 403 | (64 | ) | — | 339 | ||||||||||||||||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 1,676,649 | — | (1,676,649 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 24,828 | (24,530 | ) | — | 298 | 81,445 | (24,530 | ) | — | 56,915 | ||||||||||||||||||||||
Global SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 844,061 | — | (844,061 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Strong Dollar Emerging Markets Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 212,887 | — | (212,887 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 1 | — | — | 1 | ||||||||||||||||||||||||
U.S. Domestic Economy Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 8,792 | — | (8,792 | )1 | — | — | — | — | — | |||||||||||||||||||||||
U.S. Export and Multinational Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 1,840 | — | (1,840 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 315,966 | — | (315,966 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Swap Contracts | — | — | — | — | 50,028 | — | — | 50,028 | ||||||||||||||||||||||||
Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 5,326,697 | — | (5,326,697 | )1 | — | — | — | — | — |
1 | The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. |
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.
172 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management Corporation (‘‘MCM’’) to provide sub-advisory services to the Funds, except for Fundamental U.S. Corporate Bond Fund, Fundamental U.S. High Yield Corporate Bond Fund, Fundamental U.S. Short-Term Corporate Bond Fund and Fundamental U.S. Short-Term High Yield Corporate Bond Fund which are sub-advised by Voya Investment Management Co., LLC (‘‘Voya IM’’) and ICBCCS S&P China 500 Fund which is sub-advised by ICBC Credit Suisse Asset Management (International) Company Ltd. (‘‘ICBC Credit Suisse’’). MCM, Voya IM and ICBC Credit Suisse 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, 2018 | |||||||
Dynamic Currency Hedged International Equity Fund | 0.40 | % | (0.05 | )% | October 31, 2018 | |||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 0.58 | % | (0.48 | )%2 | October 31, 2018 | |||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 0.48 | % | (0.05 | )% | October 31, 2018 | |||||||
Dynamic Currency Hedged Japan Equity Fund | 0.48 | % | (0.05 | )% | October 31, 2018 | |||||||
Emerging Markets Dividend Fund | 0.32 | % | — | — | ||||||||
Europe Domestic Economy Fund | 0.58 | % | (0.10 | )% | October 31, 2018 | |||||||
Global ex-Mexico Equity Fund | 0.35 | % | (0.05 | )% | February 2, 2020 | |||||||
Global Hedged SmallCap Dividend Fund | 0.43 | % | (0.43 | )%3 | October 31, 2018 | |||||||
Global SmallCap Dividend Fund | 0.43 | % | — | — | ||||||||
ICBCCS S&P China 500 Fund | 0.55 | % | — | — | ||||||||
Strong Dollar Emerging Markets Equity Fund | 0.58 | % | (0.26 | )% | October 31, 2018 | |||||||
U.S. Domestic Economy Fund | 0.33 | % | — | — | ||||||||
U.S. Export and Multinational Fund | 0.33 | % | — | — | ||||||||
Fundamental U.S. Corporate Bond Fund | 0.28 | % | (0.10 | )% | October 31, 2018 | |||||||
Fundamental U.S. High Yield Corporate Bond Fund | 0.48 | % | (0.10 | )% | October 31, 2018 | |||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 0.28 | % | (0.10 | )% | October 31, 2018 | |||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 0.48 | % | (0.10 | )% | October 31, 2018 | |||||||
Dynamic Bearish U.S. Equity Fund | 0.53 | % | (0.05 | )% | October 31, 2018 | |||||||
Dynamic Long/Short U.S. Equity Fund | 0.53 | % | (0.05 | )% | October 31, 2018 | |||||||
Balanced Income Fund | 0.40 | % | (0.37 | )%4 | December 31, 2020 |
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 | 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 Funds (currently, approximately 0.32% per annum), as well as an additional 0.05% per annum. |
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.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 173 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the six months or period ended December 31, 2017 are as follows:
Fund | Value at 6/30/2017 | �� | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 12/31/2017 | Dividend Income | ||||||||||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||||||||||||||||||
WisdomTree International Quality Dividend Growth Fund | $ | 2,329,087 | $ | 1,273,313 | $ | 90,887 | $ | 2,632 | $ | 231,048 | $ | 3,745,193 | $ | 23,057 | ||||||||||||||
Global Hedged SmallCap Dividend Fund | ||||||||||||||||||||||||||||
WisdomTree Global SmallCap Dividend Fund | $ | 24,468,302 | $ | 230,016 | $ | 10,469,107 | $ | 3,088,517 | $ | (1,624,591 | ) | $ | 15,693,137 | $ | 359,296 | |||||||||||||
Balanced Income Fund1 | ||||||||||||||||||||||||||||
WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund | $ | — | $ | 497,936 | $ | 2,025 | $ | 02 | $ | 1,094 | $ | 497,005 | $ | 1,078 | ||||||||||||||
WisdomTree Dynamic Currency Hedged International Equity Fund | — | 249,654 | 886 | 02 | 408 | 249,176 | 1,054 | |||||||||||||||||||||
WisdomTree Emerging Markets Dividend Fund | — | 183,351 | — | — | 3,565 | 186,916 | 946 | |||||||||||||||||||||
WisdomTree Emerging Markets Local Debt Fund | — | 90,364 | 306 | (1 | ) | 377 | 90,434 | 376 | ||||||||||||||||||||
WisdomTree Fundamental U.S. Corporate Bond Fund | — | 137,698 | — | — | 442 | 138,140 | 392 | |||||||||||||||||||||
WisdomTree Interest Rate Hedged High Yield Bond Fund | — | 137,190 | 844 | (4 | ) | (506 | ) | 135,836 | 570 | |||||||||||||||||||
WisdomTree International High Dividend Fund | — | 315,863 | 1,153 | 1 | 1,567 | 316,278 | 2,346 | |||||||||||||||||||||
WisdomTree U.S. High Dividend Fund | — | 502,311 | 2,044 | (5 | ) | (2,182 | ) | 498,080 | 2,083 | |||||||||||||||||||
WisdomTree U.S. LargeCap Dividend Fund | — | 252,325 | 1,848 | (2 | ) | (1,106 | ) | 249,369 | 929 | |||||||||||||||||||
Total | $ | — | $ | 2,366,692 | $ | 9,106 | $ | (11 | ) | $ | 3,659 | $ | 2,361,234 | $ | 9,774 |
1 | For the period December 21, 2017 (commencement of operations) through December 31, 2017. |
2 | Amount is less than $1. |
Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of December 31, 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 Europe Equity Fund | 120 | $ | 3,780 | $ | 24 | |||||||
Dynamic Currency Hedged International Equity Fund | 1,882 | 57,476 | 354 | |||||||||
Emerging Markets Dividend Fund | 825 | 27,390 | 410 | |||||||||
Fundamental U.S. Corporate Bond Fund | 151 | 7,544 | 88 | |||||||||
Dynamic Bearish U.S. Equity Fund | 188 | 4,901 | — | |||||||||
Dynamic Long/Short U.S. Equity Fund | 156 | 5,082 | 50 |
As of December 31, 2017, approximately 6% of the Emerging Markets Dividend Fund and 8% of the Dynamic Currency Hedged International Equity Fund were held by an affiliate Fund.
4. CAPITAL SHARE TRANSACTIONS
As of December 31, 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 six months or period ended December 31, 2017 are shown in the following table. Realized gains and
174 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Notes to Financial Statements (unaudited) (continued)
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 | $ | 449,642 | $ | 549,726 | $ | 13,775,684 | $ | — | ||||||||
Dynamic Currency Hedged International Equity Fund | 8,378,986 | 9,756,462 | 25,949,634 | — | ||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 57,715 | 90,887 | 1,215,598 | — | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 104,436 | 202,147 | 8,147,350 | — | ||||||||||||
Dynamic Currency Hedged Japan Equity Fund | 57,321 | 150,233 | — | — | ||||||||||||
Emerging Markets Dividend Fund | 9,076,829 | 4,871,506 | 5,240,055 | — | ||||||||||||
Europe Domestic Economy Fund | 139,687 | 140,708 | 9,105,270 | — | ||||||||||||
Global ex-Mexico Equity Fund | 10,177,439 | 6,804,195 | 53,228,077 | 33,051,567 | ||||||||||||
Global Hedged SmallCap Dividend Fund | 230,016 | 413,085 | — | 10,056,022 | ||||||||||||
Global SmallCap Dividend Fund | 11,673,393 | 5,783,112 | — | 15,539,989 | ||||||||||||
ICBCCS S&P China 500 Fund1 | 2,966,239 | — | — | — | ||||||||||||
Strong Dollar Emerging Markets Equity Fund | 252,058 | 643,044 | — | — | ||||||||||||
U.S. Domestic Economy Fund | 400,327 | 895,763 | 775,058 | 292,162 | ||||||||||||
U.S. Export and Multinational Fund | 116,774 | 117,030 | — | — | ||||||||||||
Fundamental U.S. Corporate Bond Fund | 374,609 | 366,949 | — | — | ||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 643,472 | 635,070 | — | — | ||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 916,331 | 923,470 | — | — | ||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 1,284,034 | 1,146,778 | — | — | ||||||||||||
Dynamic Bearish U.S. Equity Fund | 3,592,961 | 4,180,797 | 5,094,123 | 3,528,032 | ||||||||||||
Dynamic Long/Short U.S. Equity Fund | 48,184,561 | 48,240,549 | 58,522,420 | 16,940,922 | ||||||||||||
Balanced Income Fund1 | 8,639 | 9,212 | 2,492,074 | — |
1 | For the period December 21, 2017 (commencement of operations) through December 31, 2017. |
6. FEDERAL INCOME TAXES
At December 31, 2017, the cost of investments (including securities on loan and derivatives) 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 | $ | 14,902,576 | $ | 978,686 | $ | (168,314 | ) | $ | 810,372 | |||||||
Dynamic Currency Hedged International Equity Fund | 440,141,019 | 84,510,773 | (8,412,563 | ) | 76,098,210 | |||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 3,165,349 | 572,916 | — | 572,916 | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 10,989,510 | 962,276 | (61,685 | ) | 900,591 | |||||||||||
Dynamic Currency Hedged Japan Equity Fund | 2,427,405 | 609,888 | (38,388 | ) | 571,500 | |||||||||||
Emerging Markets Dividend Fund | 20,270,055 | 3,124,229 | (193,024 | ) | 2,931,205 | |||||||||||
Europe Domestic Economy Fund | 11,885,860 | 857,522 | (192,382 | ) | 665,140 | |||||||||||
Global ex-Mexico Equity Fund | 77,122,482 | 7,190,912 | (1,501,479 | ) | 5,689,433 | |||||||||||
Global Hedged SmallCap Dividend Fund | 13,245,296 | 4,104,788 | (2,439 | ) | 4,102,349 | |||||||||||
Global SmallCap Dividend Fund | 18,058,949 | 2,783,760 | (550,402 | ) | 2,233,358 | |||||||||||
ICBCCS S&P China 500 Fund | 2,966,239 | 69,838 | (16,351 | ) | 53,487 | |||||||||||
Strong Dollar Emerging Markets Equity Fund | 4,747,881 | 1,345,582 | (284,000 | ) | 1,061,582 | |||||||||||
U.S. Domestic Economy Fund | 2,156,136 | 246,374 | (32,789 | ) | 213,585 | |||||||||||
U.S. Export and Multinational Fund | 697,098 | 115,295 | (16,344 | ) | 98,951 | |||||||||||
Fundamental U.S. Corporate Bond Fund | 4,926,251 | 75,046 | (33,201 | ) | 41,845 | |||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 4,971,015 | 169,155 | (91,698 | ) | 77,457 | |||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 4,899,229 | 3,101 | (29,994 | ) | (26,893 | ) | ||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 4,851,511 | 73,966 | (90,201 | ) | (16,235 | ) | ||||||||||
Dynamic Bearish U.S. Equity Fund | 6,224,329 | 491,932 | (86,429 | ) | 405,503 | |||||||||||
Dynamic Long/Short U.S. Equity Fund | 97,398,334 | 9,084,130 | (1,322,381 | ) | 7,761,749 | |||||||||||
Balanced Income Fund | 2,491,491 | 8,365 | (3,793 | ) | 4,572 |
WisdomTree Trust Semi-Annual Report December 31, 2017 | 175 |
Table of Contents
Notes to Financial Statements (unaudited) (concluded)
7. RECENT ACCOUNTING PRONOUNCEMENT
In March 2017, the FASB issued ASU 2017-08 Receivables — Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities. The amendments in ASU 2017-08 shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. ASU 2017-08 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. WTAM is currently evaluating the impact that the adoption of this guidance will have on the Trust’s financial statements and related disclosures.
8. SUBSEQUENT EVENTS
At the recommendation of WTAM, after continued review of the product lineup and anticipated limited future prospect of investor demand, among other considerations, the Board of Trustees voted to close and liquidate the Strong Dollar Emerging Markets Equity Fund, U.S. Domestic Economy Fund and the U.S. Export and Multinational Fund (each a “Liquidating Fund” and collectively referred to herein as the “Liquidating Funds”).
After the close of business on March 16, 2018, the Liquidating Funds will no longer accept creation orders. The last day of secondary market trading of shares of the Liquidating Funds on their respective exchanges will be March 16, 2018. Shareholders may sell Liquidating Fund shares through a broker in the standard manner through this date. Customary brokerage charges may apply to such transactions. When a Liquidating Fund commences liquidation of its portfolio, which is anticipated to occur on or around March 16, 2018, but may occur before March 16, 2018, and at different times for each Liquidating Fund, each Liquidating Fund will be increasing its cash holdings and deviating from the investment objective and strategies stated in its prospectus.
It is anticipated that shareholders remaining in the Liquidating Funds after the last day of trading will have their shares redeemed automatically on or around March 23, 2018 and will receive cash through their broker or other applicable financial intermediary thereafter in an amount equal to the net asset value of their shares. This amount is expected to include any accrued capital gains and dividends. Shareholders remaining in a Liquidating Fund and that receive cash will not be charged any transaction fees by the Liquidating Fund. Whether a shareholder sells their shares or are automatically redeemed as described above, a shareholder will generally recognize a capital gain (or loss) equal to the amount they received above (or below) their adjusted cost basis in such shares.
176 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited)
Consideration of the Renewal of Investment Advisory and Sub-Investment Advisory Agreements with respect to all Funds (except the WisdomTree ICBCCS S&P China 500 Fund and the WisdomTree Balanced Income Fund)
At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on September 26-27, 2017 (the “Meeting”), 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 renewal of the Investment Advisory Agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of its series (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”), the Sub-Advisory Agreement (the “MCM Sub-Advisory Agreement”), pursuant to which Mellon Capital Management Corporation (“MCM”) coordinates the investment and reinvestment of the assets of applicable Funds listed on Schedule 1 hereto, and the Investment Sub-Advisory Agreement (together with the MCM Sub-Advisory Agreement, the “Sub-Advisory Agreements,” and, collectively with the Advisory Agreements, the “Agreements”), pursuant to which Voya Investment Management Co. LLC (“Voya,” and, together with MCM, the “Sub-Advisers”) coordinates the investment and reinvestment of the assets of the applicable Funds.
The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 3, 2017, representatives from WTAM presented preliminary information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.
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-Advisers. In considering the renewal 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 Provided to the Funds.
The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Advisers’ operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to certain Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WTI indexes are unique, based on WTI’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Advisers, including oversight of the Sub-Advisers’ adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Advisers’ buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Advisers and oversight of, and the provision of consultation to, the Sub-Advisers with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight of day-to-day Fund operations, including fund accounting, tax matters, administration and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and the Sub-Advisers under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.
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 provided by WTAM and the Sub-Advisers under the Advisory Agreements and Sub-Advisory Agreements, respectively, are adequate and appropriate and supported the Board’s approval of the renewal of the Agreements.
Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio.
The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index and (2) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its
WisdomTree Trust Semi-Annual Report December 31, 2017 | 177 |
Table of Contents
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) (continued)
analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Expense Groups and Expense Universes. The Board noted that the Expense Groups and Expense Universes included only pure-index and index-based exchange traded funds (“ETFs”) as comparison funds. The Board also noted that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Performance Groups, Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds. The Board also reviewed reports prepared by WTAM presenting performance data for Funds with ten years of performance history and for WisdomTree indexes with at least three years of performance history that are tracked by an index Fund.
The Board discussed the index Funds’ performance, noting that the substantial majority of index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. In response to questions from the Independent Trustees, WTAM representatives discussed the relative performance of the Funds and the factors affecting such performance. On that basis, the Board determined to monitor carefully in the coming year disparities in performance — both positive and negative — but did not believe that the disparities in the past reflected any characteristics requiring immediate action by WTAM or a Sub-Adviser.
The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, as well as the advisory fees and total expenses of certain funds not included in the Broadridge reports that WTAM considers to be significant competitors of the Funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were within five basis points of the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed more significantly from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer and/or the unique attributes of a Fund.
The Board considered the fees to the Sub-Advisers in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Advisers and WTAM. The Board also noted that the Sub-Advisers’ fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Advisers, including that the role of a Sub-Adviser in making investment recommendations with respect to a Fund tracking an index 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 borne by WTAM that is associated with Funds’ unitary fee structure, which frequently includes minimum fees (such as those to a Sub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.
Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the relevant Sub-Adviser and the Fund’s total expenses supported the Board’s approval of the renewal of the relevant Agreements.
Analysis of Profitability and Economies of Scale.
WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.
The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and the Sub-Advisers, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized any economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole. The Board noted that certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid
178 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) (continued)
rate (including during the last year) and could continue to do so. WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and the Sub-Advisers from acting as investment adviser and sub-investment advisers, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.
* * * * * *
At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Advisers, of the Funds and the services provided to the Funds by WTAM and the Sub-Advisers. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreement.
Consideration of the Approval of Investment Advisory and Sub-Advisory Agreements with respect to the WisdomTree ICBCCS S&P China 500 Fund (the “Fund”)
At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on September 26-27, 2017, 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 ICBC Credit Suisse Asset Management (International) Co. Ltd. (“ICBCCS” or 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, the Sub-Adviser and Broadridge Financial Solutions, Inc., an independent provider of investment company data. The Trustees were assisted in their review by counsel to the Trust and independent legal counsel, and met with counsel in executive session separate from representatives of WTAM and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.
Analysis of Nature, Extent, and Quality of Services to be Provided to the 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 operational capabilities and resources. The Board considered WTAM’s reasons for recommending that ICBCCS be appointed as the sub-adviser to the Fund, including its due diligence concerning ICBCCS. WTAM representatives noted ICBCCS’s expertise in investing in securities of Chinese companies and in-depth understanding of the Chinese markets and stated that ICBCCS is one of the largest asset managers in China. The Board also received materials from ICBCCS detailing its investment process and met with representatives of ICBCCS, who discussed with the Board that investment process and the backgrounds and qualifications of relevant personnel of ICBCCS, including the Fund’s proposed primary portfolio manager and ICBCCS’ chief compliance officer. The Board noted WTAM’s belief that shareholders will invest in the Fund on the strength of WTAM’s and ICBCCS’s industry standing and reputation. 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.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 179 |
Table of Contents
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) (continued)
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 representatives of WTAM and ICBCCS the portfolio manager’s experience 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 ICBCCS.
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 fee will be paid by WTAM (out of its fee 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 the 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, regardless of whether the asset size of the 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 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 was 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, of other funds advised by WTAM. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the Agreements.
Consideration of the Approval of Investment Advisory and Sub-Advisory Agreements with respect to the WisdomTree Balanced Income Fund (the “Fund”)
At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on December 12-13, 2017, 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 Trustees noted that representatives from WTAM presented preliminary information to the Trustees regarding the Fund’s proposed investment objective, index methodology and principal investment strategies and risks at meetings of the Fund’s Investment Committee, a committee of Independent Trustees, held on December 14, 2016 and September 26, 2017. 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.
180 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) (continued)
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 role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to the Fund. The Board noted that the strategy represented by the Fund is unique, based on WTI’s intellectual property and is 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 index. 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 noted the proposed fee waiver arrangements. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by the Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fee will be paid by WTAM (out of its fee 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 the 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 the 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 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.
WisdomTree Trust Semi-Annual Report December 31, 2017 | 181 |
Table of Contents
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.
182 | WisdomTree Trust Semi-Annual Report December 31, 2017 |
Table of Contents
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of December 31, 2017:
WisdomTree Domestic Equity 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. 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. Quality Shareholder Yield Fund (QSY)
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 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-Mexico Equity Fund (XMX)
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 ICBCCS S&P China 500 Fund (WCHN) 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 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 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 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 Managed Futures Strategy Fund (WTMF)
WisdomTree Asset Allocation Funds WisdomTree Balanced Income Fund (WBAL) |
Table of Contents
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 by Authorized Participants in large creation unit sizes of shares.
Table of Contents
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)
WisdomTree Global ex-Mexico Equity Fund (XMX)
WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)
WisdomTree Global SmallCap Dividend Fund (GSD)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)
U.S. Equity ETFs:
WisdomTree U.S. Domestic Economy Fund (WUSA)
WisdomTree U.S. Export and Multinational Fund (WEXP)
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)
Asset Allocation ETFs:
WisdomTree Balanced Income Fund (WBAL)
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.
WTGM-0504
Table of Contents
Item 2. | Code of Ethics. |
Not applicable.
Item 3. | Audit Committee Financial Expert. |
Not applicable.
Item 4. | Principal Accountant Fees and Services. |
Not applicable.
Item 5. | Audit Committee of Listed registrants. |
Not applicable.
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.
Table of Contents
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.
Item 13. | Exhibits. |
(a)(1) | Not applicable. | |
(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. |
Table of Contents
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 Steinberg | |
Jonathan L. Steinberg, President (principal executive officer) | ||
Date: March 7, 2018 |
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 Steinberg | |
Jonathan L. Steinberg, President (principal executive officer) | ||
Date: March 7, 2018 | ||
By (Signature and Title) | /s/ David Castano | |
David Castano, Treasurer (principal financial officer) | ||
Date: March 7, 2018 |