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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21864
WisdomTree Trust
(Exact name of registrant as specified in charter)
245 Park Avenue, 35th Floor
New York, NY 10167
(Address of principal executive offices) (Zip code)
The Corporation Trust Company
1209 Orange Street
Wilmington, DE 19801
(Name and address of agent for service)
Registrant’s telephone number, including area code: (866) 909-9473
Date of fiscal year end: March 31
Date of reporting period: March 31, 2018
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
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Item 1. | Reports to Stockholders. |
The Report to Shareholders is attached herewith.
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WisdomTree Trust
Developed World ex-U.S. and Currency Hedged Equity Funds
Annual Report
March 31, 2018
WisdomTree Australia Dividend Fund (AUSE)
WisdomTree Europe Hedged Equity Fund (HEDJ)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Germany Hedged Equity Fund (DXGE)
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 Equity Fund (DXJ)
WisdomTree Japan Hedged Financials Fund (DXJF)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
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“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
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Management’s Discussion of Funds’ Performance
(unaudited)
Market Environment Overview
International equity markets, as measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, returned 14.80% in the 12-month period that ended March 31, 2018 (the “period”), which outperformed the S&P 500 Index by 0.81%. Measured in local currency, the MSCI EAFE Index returned 5.34% over the period, lagging the return of the S&P 500 Index by 8.65%. It is important to note that when foreign currencies weaken or strengthen relative to the U.S. dollar, there is also an impact on the returns experienced by U.S. investors who invest overseas. Over the period, the U.S. dollar experienced significant depreciation (i.e. weakened) against most major currencies. In particular, the British pound, Japanese yen, and the Euro (which account for about 75% of the MSCI EAFE Index’s currency exposure) all experienced positive spot returns over the period against the U.S. dollar.
Ultimately, non-U.S. international equities saw fairly muted returns as a byproduct of appreciating local currencies and political uncertainties that surround these major markets, particularly in Europe. While the first half of the period could be characterized by a rebound in European economic activity and improving investor sentiment, geopolitical tension was on the rise in Europe due to elections in England, France, and Italy. In Japan, we continued to see momentum in economic growth through 2017 carry over into the first quarter of 2018. Unemployment fell to a 20 year low, as the manufacturing sector continued to expand. While there is some concern over domestic political shakeups, there continues to be a strong desire for the European nations to continue reforms aimed at boosting economic growth.
Mid-way through 2017, U.K. Prime Minister Theresa May called a snap-election in an effort to secure a larger parliamentary majority. Unfortunately for her party, the election resulted in a net reduction in Tory seats forcing her into a confidence and supply agreement with the Northern Irish Democratic Unionist Party. Outside of politics, the U.K. witnessed three straight reported quarters of positive, albeit small, GDP growth numbers. Employment has surged from the end of 2017 through the first quarter of 2018, as nominal wage growth picked up and price pressures are eased.
Mainland Europe (Eurozone) also saw three straight quarters of robust and improving economic data through 2017. However, the first quarter of 2018 saw a near-term reversal of this trend. While unemployment levels remained at multi-year lows, much of the recent economic data came in weaker than expected which has weighed on market sentiment. More recently, U.S. President Trump announced tariffs on steel and aluminum products, which increased volatility. In October 2017, Mario Draghi, President of the European Central Bank (ECB), announced that it would begin to methodically scale back its quantitative easing program, citing ‘broad and solid growth.’ While there was a muted reaction in markets to the announcement, many now wonder if interest rate hikes could occur sooner than investors originally anticipated. In local currency terms, all 11 sectors within the MSCI EAFE Index were positive over the period with the Telecommunication Services sector lagging while the Materials and Information Technology sectors were the strongest performers. The Energy sector was a strong performer as energy prices rebounded. A rise in the general commodity complex also served as a tailwind for Materials sector firms. In local currency terms, defensive sectors like Consumer Staples, Telecommunication Services, and Health Care were among the worst performing portions of the MSCI EAFE Index.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 1 |
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Management’s Discussion of Funds’ Performance
(unaudited) (continued)
WisdomTree Funds’ Performance Overview
The following table reflects the WisdomTree Funds’ performance versus capitalization-weighted benchmark indexes:
Ticker | WisdomTree Fund | 1-Year NAV Return | Performance Benchmark | 1-Year Return | Difference | |||||||
AUSE | WisdomTree Australia Dividend Fund | 3.29% | MSCI Pacific ex-Japan Value/MSCI Australia Spliced Index | 1.42% | 1.87% | |||||||
HEDJ | WisdomTree Europe Hedged Equity Fund | 2.03% | MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index | 2.21% | -0.18% | |||||||
EUSC | WisdomTree Europe Hedged SmallCap Equity Fund | 9.88% | MSCI European and Monetary Union (EMU) Small Cap Local Currency Index | 12.26% | -2.38% | |||||||
EUDG | WisdomTree Europe Quality Dividend Growth Fund | 15.03% | MSCI Europe Index | 14.49% | 0.54% | |||||||
DFE | WisdomTree Europe SmallCap Dividend Fund | 20.94% | MSCI Europe Small Cap Index | 24.54% | -3.60% | |||||||
DXGE | WisdomTree Germany Hedged Equity Fund | 4.63% | MSCI Germany Local Currency Index | -1.19% | 5.82% | |||||||
DOO | WisdomTree International Dividend ex-Financials Fund | 12.84% | MSCI EAFE Value Index | 12.19% | 0.65% | |||||||
DWM | WisdomTree International Equity Fund | 13.61% | MSCI EAFE Index | 14.80% | -1.19% | |||||||
IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | 9.05% | MSCI EAFE Local Currency Index | 5.34% | 3.71% | |||||||
DTH | WisdomTree International High Dividend Fund | 11.12% | MSCI EAFE Value Index | 12.19% | -1.07% | |||||||
DOL | WisdomTree International LargeCap Dividend Fund | 12.41% | MSCI EAFE Index | 14.80% | -2.39% | |||||||
DIM | WisdomTree International MidCap Dividend Fund | 16.87% | MSCI EAFE Mid Cap Index | 18.07% | -1.20% | |||||||
IQDG | WisdomTree International Quality Dividend Growth Fund | 18.33% | MSCI EAFE Index | 14.80% | 3.53% | |||||||
DLS | WisdomTree International SmallCap Dividend Fund | 19.91% | MSCI EAFE Small Cap Index | 23.49% | -3.58% | |||||||
DXJ | WisdomTree Japan Hedged Equity Fund | 13.45% | MSCI Japan/MSCI Japan Local Currency Spliced Index | 14.19% | -0.74% | |||||||
DXJF | WisdomTree Japan Hedged Financials Fund | 4.44% | MSCI Japan Local Currency Index | 14.19% | -9.75% | |||||||
JHDG | WisdomTree Japan Hedged Quality Dividend Growth Fund | 15.56% | JPX-Nikkei 400 Local Currency Index | 14.31% | 1.25% | |||||||
DXJS | WisdomTree Japan Hedged SmallCap Equity Fund | 20.42% | MSCI Japan Small Cap Local Currency Index | 19.79% | 0.63% | |||||||
DFJ | WisdomTree Japan SmallCap Dividend Fund | 23.84% | MSCI Japan Small Cap Index | 25.51% | -1.67% |
WisdomTree’s international dividend-weighted funds are designed to track indexes based on the dividend stream generated by the companies included in the index. The dividend stream is defined as the sum of all dividends paid over the prior 12 months for each company. There are two primary factors that drive performance differentials versus market cap-weighted benchmarks. The first is aggregate exposure to one or more sectors or countries. The second is stock selection within each sector or country. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend stream.
WisdomTree’s best performing fund for the period was the WisdomTree Japan SmallCap Dividend Fund (DFJ) which returned 23.84% based on NAV. This strategy underperformed its benchmark, the MSCI Japan Small Cap Index by 1.67%. Small-cap companies in Japan have been some of the top beneficiaries of a growing Japanese economy, and by being unhedged, DFJ generated additional total return from local
2 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Management’s Discussion of Funds’ Performance
(unaudited) (continued)
currency appreciation against the U.S. dollar. The best relative outperformer in the suite was the WisdomTree Germany Hedged Equity Fund (DXGE), which outperformed the MSCI Germany Local Currency Index by 5.82% during the period based on NAV. This was due in large part from its overweight in the Consumer Discretionary sector, and its underweights in the Telecommunication Services and Consumer Staples sectors.
By and large, the vast majority of WisdomTree small-cap strategies have continued to perform favorably over the period and outperform their large-cap counterparts. Such strong small-cap performers are the WisdomTree Japan SmallCap Dividend Fund (DFJ), WisdomTree Europe SmallCap Dividend Fund (DFE), the WisdomTree International SmallCap Dividend Fund (DLS), the WisdomTree Japan Hedged SmallCap Equity Fund (DXJS), and the WisdomTree Europe Hedged SmallCap Equity Fund (EUSC), respectively returning 23.84%, 20.94%, 19.91%, 20.42%, and 9.88%. Small-cap equities came into focus in these markets as fears of recession and economic slowdowns from earlier in the period gave way to renewed emphasis on reflation and growth. Given the volatile environment for equities over the period, the fundamental screens for “return on equity” and “return on assets” helped these funds outperform.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 23-25 for the list of index descriptions.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Australia Dividend Fund (AUSE)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 23.5% | |||
Consumer Discretionary | 16.3% | |||
Materials | 13.4% | |||
Industrials | 11.3% | |||
Consumer Staples | 10.6% | |||
Health Care | 8.2% | |||
Information Technology | 6.2% | |||
Telecommunication Services | 4.8% | |||
Energy | 3.8% | |||
Utilities | 1.1% | |||
Other Assets less Liabilities‡ | 0.8% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Tabcorp Holdings Ltd. | 3.9% | |||
Harvey Norman Holdings Ltd. | 3.8% | |||
National Australia Bank Ltd. | 2.9% | |||
Macquarie Group Ltd. | 2.9% | |||
Flight Centre Travel Group Ltd. | 2.8% | |||
Fortescue Metals Group Ltd. | 2.7% | |||
Westpac Banking Corp. | 2.7% | |||
AMP Ltd. | 2.5% | |||
Australia & New Zealand Banking Group Ltd. | 2.5% | |||
Crown Resorts Ltd. | 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 Australia Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Australia Dividend Index.
The Fund returned 3.29% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in Materials, which contributed positively to performance. The Fund’s position in Telecommunication Services detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 3.29 | % | 4.86 | % | 1.00 | % | 4.10 | % | 6.27 | % | ||||||||||
Fund Market Price Returns | 4.02 | % | 5.57 | % | 1.07 | % | 4.12 | % | 6.35 | % | ||||||||||
WisdomTree Pacific ex-Japan Equity Income/Australia Dividend Spliced Index2 | 3.63 | % | 5.35 | % | 1.39 | % | 4.52 | % | 6.76 | % | ||||||||||
MSCI Pacific ex-Japan Value/MSCI Australia Spliced Index3 | 1.42 | % | 3.09 | % | 0.83 | % | 3.77 | % | 5.61 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
2 | WisdomTree Pacific ex-Japan Equity Income Index through June 17, 2011; WisdomTree Australia Dividend Index thereafter. |
3 | MSCI Pacific ex-Japan Value Index through June 17, 2011; MSCI Australia Index thereafter. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe Hedged Equity Fund (HEDJ)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Staples | 19.4% | |||
Consumer Discretionary | 19.0% | |||
Industrials | 15.2% | |||
Financials | 12.2% | |||
Materials | 11.7% | |||
Health Care | 9.4% | |||
Information Technology | 7.1% | |||
Telecommunication Services | 4.1% | |||
Energy | 1.5% | |||
Utilities | 0.1% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Anheuser-Busch InBev S.A. | 5.6% | |||
Banco Santander S.A. | 4.7% | |||
Daimler AG, Registered Shares | 4.4% | |||
Telefonica S.A. | 4.1% | |||
Banco Bilbao Vizcaya Argentaria S.A. | 4.0% | |||
Unilever N.V., CVA | 3.9% | |||
Sanofi | 3.7% | |||
LVMH Moet Hennessy Louis Vuitton SE | 3.3% | |||
BASF SE | 3.2% | |||
Siemens AG, Registered Shares | 3.0% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index.
The Fund returned 2.03% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in France, which had positive returns. The Fund’s position in Austria detracted from performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset euro currency exposure from positions in European equities. The Fund’s use of forward foreign currency contracts detracted from Fund performance as a result of the U.S. dollar weakening against the euro during the fiscal year. The Fund also utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with the Fund’s investment objective as part of its annual portfolio rebalance. The Fund’s use of equity futures contracts contributed positively to Fund performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 2.03 | % | 2.97 | % | 9.40 | % | 7.61 | % | ||||||||
Fund Market Price Returns | 2.13 | % | 3.02 | % | 9.29 | % | 7.63 | % | ||||||||
WisdomTree DEFA International Hedged Equity/Europe Hedged Equity Spliced Index2 | 2.35 | % | 3.47 | % | 9.85 | % | 8.11 | % | ||||||||
MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index3 | 2.21 | % | 1.87 | % | 9.56 | % | 6.98 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 31, 2009. |
2 | WisdomTree DEFA International Hedged Equity Index through August 29, 2012; WisdomTree Europe Hedged Equity Index thereafter. |
3 | MSCI EAFE Local Currency Index through August 29, 2012; MSCI EMU Local Currency Index thereafter. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Industrials | 23.1% | |||
Financials | 18.5% | |||
Consumer Discretionary | 15.6% | |||
Utilities | 9.1% | |||
Materials | 7.8% | |||
Consumer Staples | 5.7% | |||
Information Technology | 5.3% | |||
Real Estate | 5.1% | |||
Telecommunication Services | 4.2% | |||
Energy | 2.6% | |||
Health Care | 2.4% | |||
Other Assets less Liabilities‡ | 0.6% | |||
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 3/31/18
Description | % of Net Assets | |||
UnipolSai Assicurazioni SpA | 1.9% | |||
ASR Nederland N.V. | 1.5% | |||
FinecoBank Banca Fineco SpA | 1.4% | |||
bpost S.A. | 1.4% | |||
Edenred | 1.3% | |||
Nokian Renkaat Oyj | 1.3% | |||
Hugo Boss AG | 1.3% | |||
UNIQA Insurance Group AG | 1.2% | |||
LEG Immobilien AG | 1.2% | |||
Eutelsat Communications 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 Europe Hedged SmallCap Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged SmallCap Equity Index.
The Fund returned 9.88% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in Italy while its position in Ireland contributed least positively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset euro currency exposure from positions in European equities. The Fund’s use of forward foreign currency contracts detracted from Fund performance as a result of the U.S. dollar weakening against the euro during the fiscal year.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 9.88 | % | 8.72 | % | 10.01 | % | ||||||
Fund Market Price Returns | 9.94 | % | 8.71 | % | 9.68 | % | ||||||
WisdomTree Europe Hedged SmallCap Equity Index | 9.52 | % | 8.91 | % | 10.17 | % | ||||||
MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index | 12.26 | % | 8.96 | % | 10.30 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on March 4, 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.
6 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 20.1% | |||
Industrials | 19.8% | |||
Consumer Staples | 19.0% | |||
Health Care | 16.1% | |||
Information Technology | 10.8% | |||
Materials | 6.5% | |||
Financials | 4.1% | |||
Real Estate | 2.1% | |||
Telecommunication Services | 0.6% | |||
Energy | 0.5% | |||
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 3/31/18
Description | % of Net Assets | |||
Roche Holding AG, Genusschein | 5.5% | |||
Novo Nordisk A/S, Class B | 4.9% | |||
British American Tobacco PLC | 3.6% | |||
Unilever N.V., CVA | 3.5% | |||
LVMH Moet Hennessy Louis Vuitton SE | 3.1% | |||
SAP SE | 3.0% | |||
Diageo PLC | 3.0% | |||
Unilever PLC | 2.4% | |||
Airbus SE | 2.4% | |||
ABB Ltd., Registered Shares | 2.3% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Quality Dividend Growth Index.
The Fund returned 15.03% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Germany contributed to performance while its position in Austria detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 15.03 | % | 6.26 | % | 3.03 | % | ||||||
Fund Market Price Returns | 15.49 | % | 6.38 | % | 3.07 | % | ||||||
WisdomTree Europe Quality Dividend Growth Index | 15.68 | % | 6.80 | % | 3.52 | % | ||||||
MSCI Europe Index | 14.49 | % | 4.79 | % | 1.67 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe SmallCap Dividend Fund (DFE)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Industrials | 24.4% | |||
Consumer Discretionary | 16.2% | |||
Financials | 14.7% | |||
Information Technology | 8.5% | |||
Materials | 8.0% | |||
Consumer Staples | 7.4% | |||
Real Estate | 6.6% | |||
Utilities | 3.9% | |||
Energy | 3.8% | |||
Telecommunication Services | 2.8% | |||
Health Care | 2.6% | |||
Investment Company | 0.4% | |||
Other Assets less Liabilities‡ | 0.7% | |||
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 3/31/18
Description | % of Net Assets | |||
AURELIUS Equity Opportunities SE & Co. KGaA | 1.2% | |||
ERG SpA | 1.1% | |||
Enav SpA | 1.0% | |||
GAM Holding AG | 1.0% | |||
Tieto Oyj | 0.9% | |||
BE Semiconductor Industries N.V. | 0.9% | |||
REN - Redes Energeticas Nacionais, SGPS, S.A. | 0.9% | |||
Sonae, SGPS, S.A. | 0.9% | |||
Gaztransport Et Technigaz S.A. | 0.8% | |||
Vedanta Resources PLC | 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 SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index.
The Fund returned 20.94% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in United Kingdom contributed to performance while its position in Ireland created a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 20.94 | % | 11.18 | % | 14.04 | % | 6.21 | % | 7.26 | % | ||||||||||
Fund Market Price Returns | 21.70 | % | 11.43 | % | 14.30 | % | 6.29 | % | 7.21 | % | ||||||||||
WisdomTree Europe SmallCap Dividend Index | 21.32 | % | 11.75 | % | 14.96 | % | 6.92 | % | 7.80 | % | ||||||||||
MSCI Europe Small Cap Index | 24.54 | % | 11.88 | % | 12.65 | % | 6.64 | % | 7.57 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Germany Hedged Equity Fund (DXGE)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 25.3% | |||
Industrials | 18.2% | |||
Financials | 17.5% | |||
Materials | 14.7% | |||
Health Care | 6.8% | |||
Information Technology | 5.5% | |||
Utilities | 4.9% | |||
Telecommunication Services | 4.2% | |||
Consumer Staples | 2.3% | |||
Other Assets less Liabilities‡ | 0.6% | |||
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 3/31/18
Description | % of Net Assets | |||
Allianz SE, Registered Shares | 6.4% | |||
Daimler AG, Registered Shares | 6.0% | |||
Bayerische Motoren Werke AG | 5.6% | |||
BASF SE | 5.5% | |||
Siemens AG, Registered Shares | 4.7% | |||
Deutsche Telekom AG, Registered Shares | 4.2% | |||
Bayer AG, Registered Shares | 4.1% | |||
Muenchener Rueckversicherungs - Gesellschaft AG, Registered Shares | 4.0% | |||
Deutsche Post AG, Registered Shares | 4.0% | |||
SAP SE | 3.7% |
* | 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 Germany Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Germany Hedged Equity Index.
The Fund returned 4.63% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Consumer Discretionary contributed positively to performance while its position in Telecommunication Services contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset euro currency exposure from positions in German equities. The Fund’s use of forward foreign currency contracts detracted from Fund performance as a result of the U.S. dollar weakening against the euro during the fiscal year.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.48%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 4.63 | % | 3.43 | % | 9.14 | % | ||||||
Fund Market Price Returns | 4.84 | % | 3.60 | % | 9.01 | % | ||||||
WisdomTree Germany Hedged Equity Index | 4.83 | % | 3.66 | % | 9.37 | % | ||||||
MSCI Germany Local Currency Index | -1.19 | % | 0.04 | % | 7.05 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on October 17, 2013. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Dividend ex-Financials Fund (DOO)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Utilities | 15.3% | |||
Energy | 14.9% | |||
Telecommunication Services | 14.1% | |||
Industrials | 11.6% | |||
Materials | 10.5% | |||
Consumer Discretionary | 10.4% | |||
Health Care | 8.3% | |||
Consumer Staples | 8.0% | |||
Information Technology | 6.2% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.6% | |||
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 3/31/18
Description | % of Net Assets | |||
Electricite de France S.A. | 2.9% | |||
Royal Dutch Shell PLC, Class A | 2.2% | |||
Telenor ASA | 2.1% | |||
Engie S.A. | 2.1% | |||
BP PLC | 1.9% | |||
Statoil ASA | 1.9% | |||
Telia Co. AB | 1.8% | |||
Eni SpA | 1.7% | |||
Enel SpA | 1.6% | |||
Daimler AG, Registered Shares | 1.6% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Dividend ex-Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index.
The Fund returned 12.84% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in France, which contributed positively to performance. The Fund’s position in Israel detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 12.84 | % | 3.43 | % | 4.67 | % | 1.05 | % | 3.32 | % | ||||||||||
Fund Market Price Returns | 13.07 | % | 3.55 | % | 4.74 | % | 1.07 | % | 3.26 | % | ||||||||||
WisdomTree International Dividend Top 100/International Dividend ex-Financials Spliced Index | 13.08 | % | 3.74 | % | 4.98 | % | 1.14 | % | 3.53 | % | ||||||||||
MSCI EAFE Value Index | 12.19 | % | 4.29 | % | 5.78 | % | 1.97 | % | 3.08 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Equity Fund (DWM)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 22.3% | |||
Industrials | 12.9% | |||
Consumer Discretionary | 12.1% | |||
Consumer Staples | 9.3% | |||
Energy | 9.2% | |||
Health Care | 8.0% | |||
Telecommunication Services | 7.1% | |||
Materials | 6.4% | |||
Utilities | 5.9% | |||
Information Technology | 3.6% | |||
Real Estate | 2.6% | |||
Investment Company | 0.0% | * | ||
Other Assets less Liabilities‡ | 0.6% | |||
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 3/31/18
Description | % of Net Assets | |||
Royal Dutch Shell PLC, Class A | 1.7% | |||
HSBC Holdings PLC | 1.6% | |||
BP PLC | 1.5% | |||
Royal Dutch Shell PLC, Class B | 1.5% | |||
Toyota Motor Corp. | 1.3% | |||
TOTAL S.A. | 1.3% | |||
Novartis AG, Registered Shares | 1.3% | |||
Nestle S.A., Registered Shares | 1.2% | |||
Anheuser-Busch InBev S.A. | 1.2% | |||
China Mobile Ltd. | 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 International Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Equity Index.
The Fund returned 13.61% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited most from its investment in Japan, which contributed positively to performance. The Fund’s position in Australia was a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.48%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 13.61 | % | 5.26 | % | 6.46 | % | 2.55 | % | 4.35 | % | ||||||||||
Fund Market Price Returns | 13.58 | % | 5.32 | % | 6.39 | % | 2.52 | % | 4.37 | % | ||||||||||
WisdomTree International Equity Index | 14.16 | % | 5.60 | % | 6.70 | % | 2.87 | % | 4.69 | % | ||||||||||
MSCI EAFE Index | 14.80 | % | 5.55 | % | 6.50 | % | 2.74 | % | 4.06 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 11 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 19.7% | |||
Consumer Staples | 18.6% | |||
Health Care | 18.5% | |||
Industrials | 17.6% | |||
Information Technology | 11.9% | |||
Materials | 5.0% | |||
Financials | 3.5% | |||
Real Estate | 3.4% | |||
Telecommunication Services | 0.8% | |||
Energy | 0.5% | |||
Other Assets less Liabilities‡ | 0.5% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Roche Holding AG, Genusschein | 5.1% | |||
Novo Nordisk A/S, Class B | 5.0% | |||
Unilever N.V., CVA | 4.2% | |||
LVMH Moet Hennessy Louis Vuitton SE | 3.5% | |||
Airbus SE | 3.2% | |||
British American Tobacco PLC | 3.1% | |||
Diageo PLC | 2.7% | |||
Unilever PLC | 2.4% | |||
China Overseas Land & Investment Ltd. | 2.3% | |||
Industria de Diseno Textil S.A. | 2.1% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Hedged Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Hedged Quality Dividend Growth Index.
The Fund returned 9.05% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete performance information please see table below). The Fund’s position in the Netherlands contributed positively to performance while its position in Israel contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset applicable international currency exposure from positions in international equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the overall depreciation in the U.S. dollar against applicable international currencies during the fiscal year. The Fund also utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with the Fund’s investment objective as part of its annual portfolio rebalance. The Fund’s use of equity futures contracts contributed positively to Fund performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 9.05 | % | 6.67 | % | 8.38 | % | ||||||
Fund Market Price Returns | 9.17 | % | 6.73 | % | 8.26 | % | ||||||
WisdomTree International Hedged Quality Dividend Growth Index | 10.12 | % | 7.37 | % | 9.10 | % | ||||||
MSCI EAFE Local Currency Index | 5.34 | % | 3.36 | % | 6.90 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International High Dividend Fund (DTH)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 23.2% | |||
Energy | 13.1% | |||
Consumer Discretionary | 10.3% | |||
Telecommunication Services | 10.0% | |||
Industrials | 9.6% | |||
Utilities | 8.9% | |||
Health Care | 8.1% | |||
Consumer Staples | 6.5% | |||
Materials | 5.8% | |||
Real Estate | 2.4% | |||
Information Technology | 1.5% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.5% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Royal Dutch Shell PLC, Class A | 3.1% | |||
BP PLC | 2.7% | |||
Toyota Motor Corp. | 2.3% | |||
TOTAL S.A. | 2.3% | |||
Novartis AG, Registered Shares | 2.3% | |||
Anheuser-Busch InBev S.A. | 2.0% | |||
HSBC Holdings PLC | 2.0% | |||
China Mobile Ltd. | 1.8% | |||
Roche Holding AG, Genusschein | 1.6% | |||
GlaxoSmithKline PLC | 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 International High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International High Dividend Index.
The Fund returned 11.12% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete performance information please see the table below). The Fund benefited most from its investment in France, which contributed positively to performance. The Fund’s position in Australia was a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 11.12 | % | 4.04 | % | 5.35 | % | 1.61 | % | 3.30 | % | ||||||||||
Fund Market Price Returns | 11.41 | % | 4.34 | % | 5.37 | % | 1.65 | % | 3.31 | % | ||||||||||
WisdomTree International High Dividend Index | 11.24 | % | 4.27 | % | 5.62 | % | 1.92 | % | 3.81 | % | ||||||||||
MSCI EAFE Value Index | 12.19 | % | 4.29 | % | 5.78 | % | 1.97 | % | 3.08 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 13 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International LargeCap Dividend Fund (DOL)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 23.6% | |||
Energy | 12.2% | |||
Consumer Staples | 10.5% | |||
Consumer Discretionary | 10.3% | |||
Health Care | 9.8% | |||
Industrials | 9.3% | |||
Telecommunication Services | 9.0% | |||
Utilities | 5.3% | |||
Materials | 4.9% | |||
Information Technology | 2.9% | |||
Real Estate | 1.4% | |||
Investment Company | 0.2% | |||
Other Assets less Liabilities‡ | 0.6% | |||
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 3/31/18
Description | % of Net Assets | |||
Royal Dutch Shell PLC, Class A | 2.5% | |||
BP PLC | 2.2% | |||
HSBC Holdings PLC | 2.2% | |||
Royal Dutch Shell PLC, Class B | 2.1% | |||
Toyota Motor Corp. | 1.9% | |||
TOTAL S.A. | 1.9% | |||
Novartis AG, Registered Shares | 1.9% | |||
Nestle S.A., Registered Shares | 1.8% | |||
Anheuser-Busch InBev S.A. | 1.7% | |||
China Mobile Ltd. | 1.5% |
* | 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 International LargeCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index.
The Fund returned 12.41% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete performance information please see the table below). The Fund benefited from its investment in France, which contributed positively to performance. The Fund’s position in Australia detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.48%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 12.41 | % | 4.00 | % | 5.36 | % | 1.86 | % | 3.67 | % | ||||||||||
Fund Market Price Returns | 13.18 | % | 4.21 | % | 5.40 | % | 1.90 | % | 3.66 | % | ||||||||||
WisdomTree International LargeCap Dividend Index | 12.57 | % | 4.24 | % | 5.65 | % | 2.03 | % | 3.98 | % | ||||||||||
MSCI EAFE Index | 14.80 | % | 5.55 | % | 6.50 | % | 2.74 | % | 4.06 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International MidCap Dividend Fund (DIM)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Industrials | 19.6% | |||
Financials | 19.1% | |||
Consumer Discretionary | 15.6% | |||
Materials | 10.4% | |||
Utilities | 8.3% | |||
Consumer Staples | 6.4% | |||
Real Estate | 6.3% | |||
Information Technology | 4.9% | |||
Health Care | 3.6% | |||
Telecommunication Services | 3.0% | |||
Energy | 2.2% | |||
Investment Company | 0.0% | * | ||
Other Assets less Liabilities‡ | 0.6% | |||
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 3/31/18
Description | % of Net Assets | |||
Fortum Oyj | 1.2% | |||
Standard Life Aberdeen PLC | 0.6% | |||
Aegon N.V. | 0.6% | |||
Marine Harvest ASA | 0.6% | |||
EDP - Energias de Portugal S.A. | 0.6% | |||
NN Group N.V. | 0.5% | |||
Neste Oyj | 0.5% | |||
Fortescue Metals Group Ltd. | 0.5% | |||
Poste Italiane SpA | 0.5% | |||
Centrica PLC | 0.5% |
* | 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 International MidCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index.
The Fund returned 16.87% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund’s position in Japan contributed to performance while its position in Israel detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 16.87 | % | 8.07 | % | 8.82 | % | 4.42 | % | 6.02 | % | ||||||||||
Fund Market Price Returns | 17.17 | % | 8.28 | % | 8.88 | % | 4.50 | % | 6.03 | % | ||||||||||
WisdomTree International MidCap Dividend Index | 17.51 | % | 8.39 | % | 9.23 | % | 4.54 | % | 6.21 | % | ||||||||||
MSCI EAFE Mid Cap Index | 18.07 | % | 8.20 | % | 8.96 | % | 4.10 | % | 5.10 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 15 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Quality Dividend Growth Fund (IQDG)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 19.5% | |||
Consumer Staples | 18.7% | |||
Health Care | 18.4% | |||
Industrials | 17.7% | |||
Information Technology | 11.9% | |||
Materials | 5.1% | |||
Real Estate | 3.5% | |||
Financials | 3.5% | |||
Telecommunication Services | 0.7% | |||
Energy | 0.4% | |||
Other Assets less Liabilities‡ | 0.6% | |||
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 3/31/18
Description | % of Net Assets | |||
Novo Nordisk A/S, Class B | 5.1% | |||
Roche Holding AG, Genusschein | 4.9% | |||
Unilever N.V., CVA | 4.1% | |||
LVMH Moet Hennessy Louis Vuitton SE | 3.4% | |||
Airbus SE | 3.1% | |||
British American Tobacco PLC | 3.0% | |||
Diageo PLC | 2.9% | |||
Unilever PLC | 2.4% | |||
Industria de Diseno Textil S.A. | 2.3% | |||
China Overseas Land & Investment Ltd. | 2.1% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Quality Dividend Growth Index.
The Fund returned 18.33% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund’s position in the Netherlands contributed positively to performance while its position in Israel contributed most negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 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 July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 3/31/18
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 18.33 | % | 12.70 | % | ||||
Fund Market Price Returns | 18.84 | % | 13.36 | % | ||||
WisdomTree International Quality Dividend Growth Index | 18.48 | % | 13.07 | % | ||||
MSCI EAFE Index | 14.80 | % | 14.89 | % |
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.
16 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International SmallCap Dividend Fund (DLS)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Industrials | 22.8% | |||
Consumer Discretionary | 19.1% | |||
Financials | 12.9% | |||
Materials | 9.5% | |||
Information Technology | 8.9% | |||
Real Estate | 7.2% | |||
Consumer Staples | 6.8% | |||
Health Care | 4.3% | |||
Utilities | 2.9% | |||
Energy | 2.9% | |||
Telecommunication Services | 1.7% | |||
Investment Company | 0.4% | |||
Other Assets less Liabilities‡ | 0.6% | |||
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 3/31/18
Description | % of Net Assets | |||
Venture Corp., Ltd. | 0.9% | |||
UNIQA Insurance Group AG | 0.7% | |||
Seven Group Holdings Ltd. | 0.7% | |||
BE Semiconductor Industries N.V. | 0.5% | |||
Flight Centre Travel Group Ltd. | 0.5% | |||
Air New Zealand Ltd. | 0.5% | |||
Austevoll Seafood ASA | 0.5% | |||
Pagegroup PLC | 0.5% | |||
Vedanta Resources PLC | 0.5% | |||
Genesis Energy Ltd. | 0.4% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index.
The Fund returned 19.91% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund’s position in Japan contributed positively to performance while its position in Belgium contributed negatively to performance.
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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 19.91 | % | 11.89 | % | 10.02 | % | 6.02 | % | 7.06 | % | ||||||||||
Fund Market Price Returns | 20.33 | % | 12.19 | % | 10.18 | % | 6.02 | % | 7.08 | % | ||||||||||
WisdomTree International SmallCap Dividend Index | 19.72 | % | 12.22 | % | 10.53 | % | 6.58 | % | 7.49 | % | ||||||||||
MSCI EAFE Small Cap Index | 23.49 | % | 12.25 | % | 11.10 | % | 6.48 | % | 6.35 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 17 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan Hedged Equity Fund (DXJ)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 24.9% | |||
Industrials | 22.6% | |||
Information Technology | 13.2% | |||
Financials | 12.3% | |||
Health Care | 9.1% | |||
Materials | 8.8% | |||
Consumer Staples | 7.1% | |||
Telecommunication Services | 0.6% | |||
Utilities | 0.2% | |||
Energy | 0.2% | |||
Other Assets less Liabilities‡ | 1.0% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Toyota Motor Corp. | 5.4% | |||
Mitsubishi UFJ Financial Group, Inc. | 3.4% | |||
Sumitomo Mitsui Financial Group, Inc. | 3.1% | |||
Nissan Motor Co., Ltd. | 3.0% | |||
Canon, Inc. | 2.8% | |||
Japan Tobacco, Inc. | 2.8% | |||
Honda Motor Co., Ltd. | 2.8% | |||
Mizuho Financial Group, Inc. | 2.5% | |||
Mitsubishi Corp. | 2.2% | |||
Takeda Pharmaceutical Co., Ltd. | 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 Japan Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index. The Fund seeks to provide Japanese equity returns while mitigating or ‘‘hedging’’ against fluctuations between the value of the Japanese yen and the U.S. dollar.
The Fund returned 13.45% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund benefited the most from its investment in Industrials. The Fund’s position in Energy contributed least positively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the U.S. dollar weakening against the Japanese yen during the fiscal year.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.48%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 13.45 | % | 3.98 | % | 10.53 | % | 4.78 | % | 3.80 | % | ||||||||||
Fund Market Price Returns | 13.46 | % | 4.10 | % | 10.46 | % | 4.81 | % | 3.86 | % | ||||||||||
WisdomTree Japan Dividend/Japan Hedged Equity Spliced Index | 14.12 | % | 4.83 | % | 11.44 | % | 5.15 | % | 4.14 | % | ||||||||||
MSCI Japan/MSCI Japan Local Currency Spliced Index | 14.19 | % | 4.11 | % | 11.64 | % | 5.39 | % | 4.21 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan Hedged Financials Fund (DXJF)
Industry Breakdown† as of 3/31/18
Industry | % of Net Assets | |||
Banks | 49.5% | |||
Insurance | 28.4% | |||
Capital Markets | 12.6% | |||
Diversified Financial Services | 4.3% | |||
Consumer Finance | 3.8% | |||
Other Assets less Liabilities‡ | 1.4% | |||
Total | 100.0% |
† | The Fund’s industry 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). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Tokio Marine Holdings, Inc. | 9.2% | |||
Sompo Holdings, Inc. | 4.6% | |||
MS&AD Insurance Group Holdings, Inc. | 4.3% | |||
Sumitomo Mitsui Trust Holdings, Inc. | 4.3% | |||
Dai-ichi Life Holdings, Inc. | 4.3% | |||
Sumitomo Mitsui Financial Group, Inc. | 4.2% | |||
Mitsubishi UFJ Financial Group, Inc. | 4.0% | |||
Nomura Holdings, Inc. | 3.9% | |||
Mizuho Financial Group, Inc. | 3.9% | |||
Resona Holdings, Inc. | 3.3% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Japan Hedged Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Financials Index.
The Fund returned 4.44% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund’s position in Tokio Marine Holdings, Inc. contributed to performance while its position in Suruga Bank Ltd. detracted from performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the U.S. dollar weakening against the Japanese yen during the fiscal year.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.48%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 4.44 | % | -1.47 | % | 4.79 | % | ||||||
Fund Market Price Returns | 5.72 | % | -0.98 | % | 5.65 | % | ||||||
WisdomTree Japan Hedged Financials Index | 5.56 | % | -0.65 | % | 5.75 | % | ||||||
MSCI Japan Local Currency Index | 14.19 | % | 4.11 | % | 10.85 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 8, 2014. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 19 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 24.8% | |||
Industrials | 20.7% | |||
Information Technology | 11.8% | |||
Consumer Staples | 10.8% | |||
Telecommunication Services | 9.6% | |||
Health Care | 8.2% | |||
Materials | 8.0% | |||
Real Estate | 3.0% | |||
Financials | 1.8% | |||
Utilities | 0.3% | |||
Energy | 0.0% | * | ||
Other Assets less Liabilities‡ | 1.0% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
* | Represents less than 0.1%. |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
NTT DOCOMO, Inc. | 4.9% | |||
Toyota Motor Corp. | 4.7% | |||
KDDI Corp. | 3.8% | |||
Japan Tobacco, Inc. | 3.6% | |||
Nissan Motor Co., Ltd. | 3.4% | |||
ITOCHU Corp. | 2.4% | |||
Denso Corp. | 2.0% | |||
FANUC Corp. | 1.9% | |||
Bridgestone Corp. | 1.8% | |||
Subaru Corp. | 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 Japan Hedged Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Quality Dividend Growth Index.
The Fund returned 15.56% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund benefited from its investment in Industrials while its position in Energy contributed least positively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the U.S. dollar weakening against the Japanese yen during the fiscal year.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 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 July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 3/31/18
Average Annual Total Return | ||||||||
1 Year | Since Inception1 | |||||||
Fund NAV Returns | 15.56 | % | 4.76 | % | ||||
Fund Market Price Returns | 15.45 | % | 4.72 | % | ||||
WisdomTree Japan Hedged Quality Dividend Growth Index | 15.70 | % | 5.13 | % | ||||
JPX-Nikkei 400 Local Currency Index | 14.31 | % | 3.40 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 9, 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 Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Industrials | 25.9% | |||
Consumer Discretionary | 22.1% | |||
Materials | 11.7% | |||
Information Technology | 11.2% | |||
Financials | 10.5% | |||
Consumer Staples | 6.9% | |||
Health Care | 5.1% | |||
Real Estate | 3.6% | |||
Energy | 1.2% | |||
Utilities | 0.8% | |||
Other Assets less Liabilities‡ | 1.0% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
SBI Holdings, Inc. | 1.0% | |||
Sojitz Corp. | 0.7% | |||
Sankyo Co., Ltd. | 0.7% | |||
Aoyama Trading Co., Ltd. | 0.6% | |||
Yokohama Rubber Co., Ltd. (The) | 0.6% | |||
Open House Co., Ltd. | 0.5% | |||
Showa Denko K.K. | 0.5% | |||
Canon Marketing Japan, Inc. | 0.5% | |||
Matsui Securities Co., Ltd. | 0.5% | |||
K’s Holdings Corp. | 0.5% |
* | 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 Japan Hedged SmallCap Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged SmallCap Equity Index.
The Fund returned 20.42% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund benefited from its position in Industrials. The Fund’s position in Utilities contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the U.S. dollar weakening against the Japanese yen during the fiscal year.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 20.42 | % | 12.10 | % | 15.37 | % | ||||||
Fund Market Price Returns | 20.29 | % | 12.11 | % | 15.23 | % | ||||||
WisdomTree Japan Hedged SmallCap Equity Index | 21.25 | % | 12.93 | % | 16.40 | % | ||||||
MSCI Japan Small Cap Local Currency Index | 19.79 | % | 10.54 | % | 15.35 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on June 28, 2013. |
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 21 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Industrials | 26.1% | |||
Consumer Discretionary | 22.0% | |||
Materials | 11.8% | |||
Information Technology | 11.1% | |||
Financials | 10.4% | |||
Consumer Staples | 7.0% | |||
Health Care | 4.9% | |||
Real Estate | �� | 3.6% | ||
Energy | 1.2% | |||
Utilities | 0.8% | |||
Investment Company | 0.0% | * | ||
Other Assets less Liabilities‡ | 1.1% | |||
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). |
* | Represents less than 0.1%. |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
SBI Holdings, Inc. | 1.0% | |||
Sankyo Co., Ltd. | 0.8% | |||
Sojitz Corp. | 0.6% | |||
Yokohama Rubber Co., Ltd. (The) | 0.6% | |||
Aoyama Trading Co., Ltd. | 0.5% | |||
Showa Denko K.K. | 0.5% | |||
Leopalace21 Corp. | 0.5% | |||
Tokai Tokyo Financial Holdings, Inc. | 0.5% | |||
Open House Co., Ltd. | 0.5% | |||
Canon Marketing Japan, Inc. | 0.5% |
* | 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 Japan SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index.
The Fund returned 23.84% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund benefited most from its position in Industrials. The Fund’s position in Utilities contributed least positively to performance. The Fund also utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with the Fund’s investment objective as part of its annual portfolio rebalance. The Fund’s use of equity futures contracts contributed positively to Fund performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 23.84 | % | 16.22 | % | 12.57 | % | 8.15 | % | 5.78 | % | ||||||||||
Fund Market Price Returns | 24.03 | % | 16.38 | % | 12.58 | % | 8.16 | % | 5.95 | % | ||||||||||
WisdomTree Japan SmallCap Dividend Index | 25.09 | % | 16.97 | % | 13.45 | % | 8.93 | % | 6.50 | % | ||||||||||
MSCI Japan Small Cap Index | 25.51 | % | 15.05 | % | 12.51 | % | 8.00 | % | 4.78 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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.
22 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Description of Indexes (unaudited)
Below are descriptions of each Index referenced in this report:
The JPX-Nikkei 400 Local Currency Index is a free-float adjusted market capitalization index composed of Japanese companies whose main market is the TSE First Section, Second Section, Mothers or JASDAQ market (in principal), calculated in local currency.
The MSCI Australia Index is comprised of large- and mid-capitalization segments of the Australia market.
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 Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets excluding the U.S. & Canada.
The MSCI EAFE Small Cap Index is comprised of small-capitalization stocks in the MSCI EAFE Index.
The MSCI EAFE Value Index is comprised of value stocks in the MSCI EAFE Index.
The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within 15 developed market European countries.
The MSCI Europe Small Cap Index is comprised of small-capitalization stocks in the MSCI Europe Index.
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 the developed market countries within the EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.
The MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of small-cap stocks from developed market countries within the EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.
The MSCI Germany Local Currency Index is a capitalization weighted index that measures the performance of the Germany equity market and provides local currency returns, which are not translated back to U.S. dollars.
The MSCI Japan Index is a capitalization weighted index that is comprised of stocks in Japan.
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 MSCI Japan Small Cap Index is comprised of small cap stocks in the MSCI Japan Index.
The MSCI Japan Small Cap Local Currency Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan and calculated in local currency.
The MSCI Pacific ex-Japan Index is a subset of the MSCI EAFE Index that is comprised of stocks in Australia, Hong Kong, Singapore and New Zealand.
The MSCI Pacific ex-Japan Value Index is comprised of value stocks in the MSCI Pacific ex-Japan Index.
The WisdomTree Australia Dividend Index is comprised of dividend-paying companies incorporated in Australia.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 23 |
Table of Contents
Description of Indexes (unaudited) (continued)
The WisdomTree DEFA International Hedged Equity Index is comprised of dividend-paying companies in the industrialized world, excluding Canada and the United States, and is designed to neutralize exposure to fluctuations between the value of the U.S. dollar and non-U.S. currencies reflected in the index. This index is based on the WisdomTree International Equity Index.
The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the U.S. dollar.
The WisdomTree Europe Hedged SmallCap Equity Index is a dividend weighted index designed to provide exposure to small cap equity securities within Europe, while at the same time neutralizing exposure to fluctuations between the value of the Euro and the U.S. dollar.
The WisdomTree Europe Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index.
The WisdomTree Europe SmallCap Dividend Index is comprised of the small-capitalization segment of the European dividend-paying market.
The WisdomTree Germany Hedged Equity Index is designed to provide exposure to Germany equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to the U.S. dollar. In this sense, the Index “hedges” against fluctuations in the relative value of the Euro against the U.S. dollar.
The WisdomTree International Dividend ex-Financials Index is comprised of high dividend-yielding international stocks outside the financial sector.
The WisdomTree International Dividend Top 100 Index is comprised of the 100 highest dividend-yielding companies in the WisdomTree International LargeCap Dividend Index.
The WisdomTree International Equity Index is comprised of dividend-paying companies in the industrialized world, excluding Canada and the United States.
The WisdomTree International Hedged 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.
The WisdomTree International High Dividend Index is comprised of companies with high dividend yields selected from the WisdomTree International Equity Index.
The WisdomTree International LargeCap Dividend Index is comprised of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree International MidCap Dividend Index is comprised of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree International Quality Dividend Growth Index is a fundamentally weighted index designed to provide exposure to dividend paying developed market companies.
The WisdomTree International SmallCap Dividend Index is comprised of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree Japan Dividend Index is comprised of dividend-paying companies incorporated in Japan, listed on the Tokyo Stock Exchange and that meet other requirements necessary to be included in the WisdomTree International Equity Index.
The WisdomTree Japan Hedged Equity Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar. This index is based on the WisdomTree Japan Dividend Index.
24 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Description of Indexes (unaudited) (concluded)
The WisdomTree Japan Hedged Financials Index is designed to provide exposure to Japanese financial companies while at the same time neutralizing exposure to fluctuations between the Yen and the U.S. dollar.
The WisdomTree Japan Hedged Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index while at the same time neutralizing exposure to fluctuations between the Yen and the U.S. dollar.
The WisdomTree Japan Hedged SmallCap Equity Index is designed to provide exposure to the small-capitalization segment of the Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.
The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying small-capitalization companies in Japan.
The WisdomTree Pacific ex-Japan Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree Pacific ex-Japan Dividend Index.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 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 October 1, 2017 to March 31, 2018.
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 10/1/17 to 3/31/18” 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 Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Shareholder Expense Examples (unaudited) (continued)
Beginning Account Value 10/1/17 | Ending Account Value 3/31/18 | Annualized Expense Ratio Based on the Period 10/1/17 to 3/31/18 | Expenses Paid During the Period† 10/1/17 to 3/31/18 | |||||||||||||
WisdomTree Australia Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,018.70 | 0.58 | % | $ | 2.92 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Europe Hedged Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 973.00 | 0.58 | % | $ | 2.85 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Europe Hedged SmallCap Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 996.40 | 0.58 | % | $ | 2.89 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Europe Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 996.50 | 0.58 | % | $ | 2.89 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Europe SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,009.20 | 0.58 | % | $ | 2.91 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Germany Hedged Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 981.90 | 0.48 | % | $ | 2.37 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 | ||||||||
WisdomTree International Dividend ex-Financials Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,025.90 | 0.58 | % | $ | 2.93 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree International Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,015.90 | 0.48 | % | $ | 2.41 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 | ||||||||
WisdomTree International Hedged Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,005.90 | 0.58 | % | $ | 2.90 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree International High Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,003.50 | 0.58 | % | $ | 2.90 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree International LargeCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,009.10 | 0.48 | % | $ | 2.40 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 | ||||||||
WisdomTree International MidCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,036.70 | 0.58 | % | $ | 2.95 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree International Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,030.50 | 0.38 | %1 | $ | 1.92 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | %1 | $ | 1.92 | ||||||||
WisdomTree International SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,038.90 | 0.58 | % | $ | 2.95 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Japan Hedged Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,027.60 | 0.48 | % | $ | 2.43 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 27 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
Beginning Account Value 10/1/17 | Ending Account Value 3/31/18 | Annualized Expense Ratio Based on the Period 10/1/17 to 3/31/18 | Expenses Paid During the Period† 10/1/17 to 3/31/18 | |||||||||||||
WisdomTree Japan Hedged Financials Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 997.80 | 0.48 | % | $ | 2.39 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.54 | 0.48 | % | $ | 2.42 | ||||||||
WisdomTree Japan Hedged Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,034.20 | 0.43 | %2 | $ | 2.18 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.79 | 0.43 | %2 | $ | 2.17 | ||||||||
WisdomTree Japan Hedged SmallCap Equity Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,042.20 | 0.58 | % | $ | 2.95 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Japan SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,090.70 | 0.58 | % | $ | 3.02 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 |
† | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). |
1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through July 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 0.43% through July 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
28 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
WisdomTree Australia Dividend Fund (AUSE)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.2% | ||||||||
Australia – 99.2% | ||||||||
Airlines – 1.4% | ||||||||
Qantas Airways Ltd. | 105,943 | $ | 473,767 | |||||
Banks – 10.2% | ||||||||
Australia & New Zealand Banking Group Ltd. | 40,355 | 831,432 | ||||||
Commonwealth Bank of Australia | 12,996 | 720,828 | ||||||
National Australia Bank Ltd. | 43,675 | 954,441 | ||||||
Westpac Banking Corp. | 40,258 | 883,783 | ||||||
|
| |||||||
Total Banks | 3,390,484 | |||||||
Beverages – 3.3% | ||||||||
Coca-Cola Amatil Ltd. | 109,040 | 725,151 | ||||||
Treasury Wine Estates Ltd. | 28,943 | 374,305 | ||||||
|
| |||||||
Total Beverages | 1,099,456 | |||||||
Biotechnology – 0.7% | ||||||||
CSL Ltd. | 2,012 | 239,922 | ||||||
Building Products – 0.5% | ||||||||
Reliance Worldwide Corp., Ltd. | 50,857 | 172,424 | ||||||
Capital Markets – 4.9% | ||||||||
ASX Ltd. | 15,431 | 663,546 | ||||||
Macquarie Group Ltd. | 11,992 | 946,522 | ||||||
|
| |||||||
Total Capital Markets | 1,610,068 | |||||||
Chemicals – 2.3% | ||||||||
Incitec Pivot Ltd. | 148,258 | 399,162 | ||||||
Orica Ltd. | 25,919 | 353,089 | ||||||
|
| |||||||
Total Chemicals | 752,251 | |||||||
Commercial Services & Supplies – 3.2% | ||||||||
Brambles Ltd. | 53,562 | 410,026 | ||||||
Cleanaway Waste Management Ltd. | 205,002 | 227,222 | ||||||
Downer EDI Ltd. | 84,528 | 415,606 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 1,052,854 | |||||||
Construction & Engineering – 1.4% | ||||||||
CIMIC Group Ltd. | 13,829 | 471,717 | ||||||
Construction Materials – 1.4% | ||||||||
Boral Ltd. | 81,474 | 464,960 | ||||||
Containers & Packaging – 1.5% | ||||||||
Amcor Ltd. | 44,684 | 485,675 | ||||||
Diversified Financial Services – 2.5% | ||||||||
AMP Ltd. | 217,588 | 832,835 | ||||||
Diversified Telecommunication Services – 4.8% | ||||||||
Telstra Corp., Ltd. | 322,167 | 775,951 | ||||||
TPG Telecom Ltd.(a) | 89,049 | 374,995 | ||||||
Vocus Group Ltd.(a) | 263,124 | 448,061 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 1,599,007 | |||||||
Food & Staples Retailing – 3.3% | ||||||||
Wesfarmers Ltd. | 22,560 | 719,181 | ||||||
Woolworths Group Ltd. | 19,204 | 387,263 | ||||||
|
| |||||||
Total Food & Staples Retailing | 1,106,444 | |||||||
Food Products – 2.2% | ||||||||
Costa Group Holdings Ltd. | 93,643 | 490,591 | ||||||
GrainCorp Ltd. Class A | 35,356 | 229,705 | ||||||
|
| |||||||
Total Food Products | 720,296 | |||||||
Health Care Equipment & Supplies – 2.3% | ||||||||
Ansell Ltd. | 22,549 | 436,902 | ||||||
Cochlear Ltd. | 2,231 | 310,804 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 747,706 | |||||||
Health Care Providers & Services – 5.2% | ||||||||
Healthscope Ltd. | 342,743 | 508,713 | ||||||
Primary Health Care Ltd. | 160,991 | 481,604 | ||||||
Ramsay Health Care Ltd. | 5,203 | 248,717 | ||||||
Sonic Healthcare Ltd. | 27,482 | 482,312 | ||||||
|
| |||||||
Total Health Care Providers & Services | 1,721,346 | |||||||
Hotels, Restaurants & Leisure – 11.7% | ||||||||
Aristocrat Leisure Ltd. | 11,940 | 220,355 | ||||||
Crown Resorts Ltd. | 81,906 | 797,262 | ||||||
Domino’s Pizza Enterprises Ltd.(a) | 5,453 | 174,545 | ||||||
Flight Centre Travel Group Ltd.(a) | 21,115 | 923,025 | ||||||
Star Entertainment Grp Ltd. (The) | 112,851 | 457,915 | ||||||
Tabcorp Holdings Ltd. | 389,253 | 1,310,751 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 3,883,853 | |||||||
Insurance – 5.9% | ||||||||
Insurance Australia Group Ltd. | 131,116 | 752,282 | ||||||
QBE Insurance Group Ltd. | 64,159 | 473,923 | ||||||
Suncorp Group Ltd. | 71,186 | 728,407 | ||||||
|
| |||||||
Total Insurance | 1,954,612 | |||||||
Internet Software & Services – 2.5% | ||||||||
carsales.com Ltd. | 54,450 | 564,257 | ||||||
REA Group Ltd. | 4,142 | 251,660 | ||||||
|
| |||||||
Total Internet Software & Services | 815,917 | |||||||
IT Services – 2.3% | ||||||||
Computershare Ltd. | 32,927 | 437,193 | ||||||
Link Administration Holdings Ltd. | 48,186 | 308,255 | ||||||
|
| |||||||
Total IT Services | 745,448 | |||||||
Media – 0.8% | ||||||||
Fairfax Media Ltd. | 524,888 | 271,765 | ||||||
Metals & Mining – 8.2% | ||||||||
BHP Billiton Ltd. | 25,329 | 548,081 | ||||||
BlueScope Steel Ltd. | 9,966 | 115,354 | ||||||
Fortescue Metals Group Ltd. | 266,490 | 885,100 | ||||||
Newcrest Mining Ltd. | 8,563 | 128,475 | ||||||
Rio Tinto Ltd. | 11,176 | 623,225 | ||||||
South32 Ltd. | 173,335 | 428,120 | ||||||
|
| |||||||
Total Metals & Mining | 2,728,355 | |||||||
Multi-Utilities – 1.1% | ||||||||
AGL Energy Ltd. | 22,611 | 376,013 | ||||||
Multiline Retail – 3.8% | ||||||||
Harvey Norman Holdings Ltd.(a) | 445,691 | 1,261,490 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 29 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Australia Dividend Fund (AUSE)
March 31, 2018
Investments | Shares | Value | ||||||
Oil, Gas & Consumable Fuels – 3.8% | ||||||||
Caltex Australia Ltd. | 19,095 | $ | 459,910 | |||||
Washington H Soul Pattinson & Co., Ltd.(a) | 20,605 | 294,133 | ||||||
Woodside Petroleum Ltd. | 22,955 | 514,847 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 1,268,890 | |||||||
Personal Products – 1.7% | ||||||||
Blackmores Ltd.(a) | 5,940 | 573,043 | ||||||
Professional Services – 2.3% | ||||||||
ALS Ltd. | 56,951 | 324,137 | ||||||
Seek Ltd. | 30,119 | 429,712 | ||||||
|
| |||||||
Total Professional Services | 753,849 | |||||||
Road & Rail – 1.7% | ||||||||
Aurizon Holdings Ltd. | 176,747 | 573,477 | ||||||
Software – 1.5% | ||||||||
MYOB Group Ltd. | 132,121 | 309,097 | ||||||
Technology One Ltd. | 49,077 | 195,375 | ||||||
|
| |||||||
Total Software | 504,472 | |||||||
Transportation Infrastructure – 0.8% | ||||||||
Qube Holdings Ltd. | 153,291 | 256,328 | ||||||
TOTAL COMMON STOCKS (Cost: $30,907,067) | 32,908,724 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.9% | ||||||||
United States – 6.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) | ||||||||
(Cost: $2,296,561)(c) | 2,296,561 | 2,296,561 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 106.1% (Cost: $33,203,628) | 35,205,285 | |||||||
Other Assets less Liabilities – (6.1)% | (2,020,377 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 33,184,908 |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $3,714,073 and the total market value of the collateral held by the Fund was $3,897,378. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,600,817. |
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 | 4/3/2018 | 9,500 | USD | 12,389 | AUD | $ | — | $ | (3 | ) |
CURRENCY LEGEND |
AUD – Australian dollar
USD – U.S. dollar
See Notes to Financial Statements.
30 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree Europe Hedged Equity Fund (HEDJ)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.7% | ||||||||
Austria – 0.3% | ||||||||
Andritz AG(a) | 234,684 | $ | 13,103,631 | |||||
Lenzing AG | 57,430 | 7,084,220 | ||||||
|
| |||||||
Total Austria | 20,187,851 | |||||||
Belgium – 6.9% | ||||||||
Anheuser-Busch InBev S.A. | 3,229,717 | 354,626,308 | ||||||
Barco N.V. | 1,013 | 124,584 | ||||||
Bekaert S.A. | 118,362 | 5,039,549 | ||||||
Ion Beam Applications(a) | 9,094 | 183,310 | ||||||
Melexis N.V. | 81,540 | 8,122,842 | ||||||
Solvay S.A. | 301,538 | 41,850,044 | ||||||
UCB S.A. | 310,171 | 25,245,284 | ||||||
|
| |||||||
Total Belgium | 435,191,921 | |||||||
Finland – 3.9% | ||||||||
Amer Sports Oyj*(a) | 322,112 | 9,931,470 | ||||||
Cargotec Oyj Class B | 89,866 | 4,781,171 | ||||||
Huhtamaki Oyj | 193,551 | 8,483,702 | ||||||
Kemira Oyj | 651,068 | 8,327,449 | ||||||
Kone Oyj Class B | 1,509,007 | 75,217,719 | ||||||
Konecranes Oyj(a) | 206,978 | 8,970,412 | ||||||
Metso Oyj(a) | 496,191 | 15,628,265 | ||||||
Nokia Oyj | 16,654,816 | 91,865,953 | ||||||
Valmet Oyj | 372,741 | 7,463,007 | ||||||
Wartsila Oyj Abp | 735,238 | 16,230,978 | ||||||
|
| |||||||
Total Finland | 246,900,126 | |||||||
France – 28.0% | ||||||||
Air Liquide S.A. | 793,147 | 97,037,983 | ||||||
Airbus SE | 1,349,146 | 155,637,444 | ||||||
Arkema S.A. | 135,663 | 17,685,591 | ||||||
BioMerieux | 58,121 | 4,789,169 | ||||||
Bureau Veritas S.A. | 930,757 | 24,164,446 | ||||||
Christian Dior SE | 198,673 | 78,408,089 | ||||||
Cie Generale des Etablissements Michelin SCA | 367,994 | 54,264,052 | ||||||
Danone S.A. | 1,280,629 | 103,523,576 | ||||||
Dassault Systemes SE | 114,530 | 15,550,367 | ||||||
Edenred | 496,168 | 17,232,399 | ||||||
Essilor International Cie Generale d’Optique S.A. | 203,898 | 27,483,739 | ||||||
Gaztransport Et Technigaz S.A. | 193,494 | 12,112,606 | ||||||
Hermes International | 65,592 | 38,841,811 | ||||||
Imerys S.A. | 101,159 | 9,815,984 | ||||||
Ingenico Group S.A. | 88,748 | 7,190,589 | ||||||
IPSOS | 63,494 | 2,492,573 | ||||||
Kering S.A. | 150,044 | 71,745,917 | ||||||
L’Oreal S.A. | 751,563 | 169,472,254 | ||||||
Legrand S.A. | 409,324 | 32,067,045 | ||||||
LVMH Moet Hennessy Louis Vuitton SE(a) | 676,284 | 208,098,389 | ||||||
Neopost S.A. | 63,533 | 1,672,112 | ||||||
Pernod Ricard S.A. | 323,776 | 53,856,017 | ||||||
Publicis Groupe S.A. | 445,569 | 31,004,891 | ||||||
Remy Cointreau S.A. | 51,500 | 7,334,459 | ||||||
Rubis SCA | 96,156 | 6,935,802 | ||||||
Safran S.A. | 627,779 | 66,382,946 | ||||||
Sanofi | 2,942,068 | 236,383,775 | ||||||
Sartorius Stedim Biotech | 13,134 | 1,186,427 | ||||||
Schneider Electric SE* | 1,352,637 | 118,677,030 | ||||||
SCOR SE | 760,329 | 31,101,125 | ||||||
SEB S.A. | 39,381 | 7,516,761 | ||||||
Societe BIC S.A. | 62,654 | 6,229,901 | ||||||
Sodexo S.A. | 215,709 | 21,727,235 | ||||||
Tarkett S.A. | 57,843 | 1,936,383 | ||||||
Teleperformance | 43,523 | 6,744,374 | ||||||
Valeo S.A. | 387,709 | 25,576,844 | ||||||
Vicat S.A. | 49,471 | 3,732,653 | ||||||
|
| |||||||
Total France | 1,775,612,758 | |||||||
Germany – 24.9% | ||||||||
adidas AG | 157,777 | 38,158,381 | ||||||
BASF SE | 2,028,120 | 205,703,624 | ||||||
Bayer AG Registered Shares | 1,196,059 | 135,020,675 | ||||||
Bayerische Motoren Werke AG | 1,578,419 | 171,118,481 | ||||||
Brenntag AG | 126,292 | 7,501,969 | ||||||
Continental AG | 270,882 | 74,724,277 | ||||||
Covestro AG(b) | 279,526 | 27,453,885 | ||||||
Daimler AG Registered Shares | 3,260,400 | 276,556,207 | ||||||
Duerr AG | 35,935 | 3,939,513 | ||||||
Evonik Industries AG | 1,121,050 | 39,486,651 | ||||||
Fresenius Medical Care AG & Co. KGaA | 231,193 | 23,593,937 | ||||||
Fresenius SE & Co. KGaA | 298,769 | 22,803,400 | ||||||
GEA Group AG | 203,626 | 8,652,340 | ||||||
Hannover Rueck SE | 381,871 | 52,083,544 | ||||||
HeidelbergCement AG | 248,226 | 24,355,307 | ||||||
Henkel AG & Co. KGaA | 208,527 | 26,235,553 | ||||||
Hochtief AG | 69,814 | 13,025,080 | ||||||
Infineon Technologies AG | 853,831 | 22,828,835 | ||||||
K+S AG Registered Shares(a) | 192,078 | 5,537,166 | ||||||
LANXESS AG | 59,629 | 4,561,422 | ||||||
Linde AG* | 247,375 | 52,054,480 | ||||||
Merck KGaA | 91,901 | 8,804,607 | ||||||
MTU Aero Engines AG | 47,936 | 8,064,922 | ||||||
OSRAM Licht AG | 94,318 | 6,931,983 | ||||||
SAP SE | 1,029,217 | 107,553,580 | ||||||
Siemens AG Registered Shares | 1,505,074 | 191,617,168 | ||||||
Software AG | 105,816 | 5,533,462 | ||||||
Symrise AG | 75,096 | 6,036,444 | ||||||
Wacker Chemie AG | 45,687 | 7,492,693 | ||||||
|
| |||||||
Total Germany | 1,577,429,586 | |||||||
Ireland – 1.1% | ||||||||
CRH PLC | 1,662,477 | 56,369,569 | ||||||
Glanbia PLC | 220,010 | 3,788,111 | ||||||
Kerry Group PLC Class A | 104,938 | 10,634,383 | ||||||
|
| |||||||
Total Ireland | 70,792,063 | |||||||
Italy – 2.0% | ||||||||
Autogrill SpA | 379,721 | 4,880,150 | ||||||
Brunello Cucinelli SpA | 50,461 | 1,582,517 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Hedged Equity Fund (HEDJ)
March 31, 2018
Investments | Shares | Value | ||||||
Davide Campari-Milano SpA | 1,002,237 | $ | 7,580,500 | |||||
DiaSorin SpA | 58,935 | 5,298,378 | ||||||
Ferrari N.V. | 141,433 | 16,966,248 | ||||||
Industria Macchine Automatiche SpA | 79,769 | 7,755,116 | ||||||
Interpump Group SpA | 116,640 | 3,939,130 | ||||||
Luxottica Group SpA | 796,565 | 49,472,619 | ||||||
Maire Tecnimont SpA | 729,036 | 3,747,810 | ||||||
Moncler SpA | 250,953 | 9,536,811 | ||||||
Parmalat SpA | 598,122 | 2,203,124 | ||||||
Salini Impregilo SpA(a) | 791,605 | 2,346,269 | ||||||
Salvatore Ferragamo SpA(a) | 311,753 | 8,596,043 | ||||||
|
| |||||||
Total Italy | 123,904,715 | |||||||
Netherlands – 10.9% | ||||||||
Aegon N.V. | 11,961,930 | 80,559,543 | ||||||
Akzo Nobel N.V. | 521,004 | 49,171,692 | ||||||
Arcadis N.V. | 253,602 | 4,974,686 | ||||||
ASM International N.V. | 33,524 | 2,443,260 | ||||||
ASML Holding N.V. | 430,847 | 84,859,861 | ||||||
BE Semiconductor Industries N.V. | 113,461 | 11,588,802 | ||||||
Corbion N.V. | 148,932 | 4,509,500 | ||||||
EXOR N.V. | 145,612 | 10,336,554 | ||||||
Gemalto N.V. | 88,222 | 5,387,018 | ||||||
Heineken Holding N.V. | 451,542 | 46,481,048 | ||||||
Heineken N.V. | 896,755 | 96,280,946 | ||||||
Koninklijke Ahold Delhaize N.V. | 3,739,745 | 88,500,251 | ||||||
Koninklijke DSM N.V. | 487,096 | 48,307,814 | ||||||
Koninklijke Philips N.V. | 2,273,348 | 87,133,539 | ||||||
Koninklijke Vopak N.V. | 299,777 | 14,691,933 | ||||||
Philips Lighting N.V.(b) | 445,989 | 16,729,243 | ||||||
SBM Offshore N.V. | 415,071 | 6,633,626 | ||||||
Wolters Kluwer N.V. | 616,774 | 32,761,333 | ||||||
|
| |||||||
Total Netherlands | 691,350,649 | |||||||
Portugal – 0.9% | ||||||||
Galp Energia, SGPS, S.A. | 2,850,587 | 53,656,203 | ||||||
Spain – 16.1% | ||||||||
Acerinox S.A. | 1,012,649 | 14,129,140 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 1,007,051 | 39,199,225 | ||||||
Amadeus IT Group S.A. | 790,946 | 58,345,262 | ||||||
Applus Services S.A. | 228,473 | 2,972,849 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 32,391,148 | 256,107,364 | ||||||
Banco Santander S.A. | 45,428,495 | 295,832,997 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 1,594 | 82,336 | ||||||
Elecnor S.A. | 59,975 | 1,003,140 | ||||||
Grifols S.A. | 563,658 | 15,950,878 | ||||||
Mapfre S.A. | 14,811,739 | 49,202,020 | ||||||
Obrascon Huarte Lain S.A.*(a) | 539,510 | 2,297,758 | ||||||
Prosegur Cia de Seguridad S.A. | 1,409,581 | 10,817,501 | ||||||
Siemens Gamesa Renewable Energy S.A.(a) | 264,725 | 4,240,577 | ||||||
Tecnicas Reunidas S.A.(a) | 179,737 | 5,302,981 | ||||||
Telefonica S.A. | 26,359,148 | 260,250,176 | ||||||
Viscofan S.A. | 93,228 | 6,432,230 | ||||||
|
| |||||||
Total Spain | 1,022,166,434 | |||||||
Switzerland – 0.5% | ||||||||
STMicroelectronics N.V. | 1,268,914 | 28,066,931 | ||||||
United Kingdom – 4.2% | ||||||||
CNH Industrial N.V. | 1,468,863 | 18,119,012 | ||||||
Unilever N.V. CVA | 4,407,711 | 248,653,257 | ||||||
|
| |||||||
Total United Kingdom | 266,772,269 | |||||||
TOTAL COMMON STOCKS (Cost: $5,833,781,989) | 6,312,031,506 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.7% | ||||||||
United States – 3.7% | ||||||||
State Street Navigator Securities Lending |
| |||||||
(Cost: $233,934,679)(d) | 233,934,679 | 233,934,679 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 103.4% (Cost: $6,067,716,668) | 6,545,966,185 | |||||||
Other Assets less Liabilities – (3.4)% | (213,020,343 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 6,332,945,842 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $225,298,985 and the total market value of the collateral held by the Fund was $236,780,281. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,845,602. |
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 | |||||||||||||||||||||
BNP Paribas SA | 4/4/2018 | 255,402,148 | EUR | 314,629,906 | USD | $ | — | $ | (523,463 | ) | ||||||||||||||||
BNP Paribas SA | 4/4/2018 | 339,256,749 | USD | 276,983,854 | EUR | — | (1,391,965 | ) | ||||||||||||||||||
BNP Paribas SA | 5/3/2018 | 314,629,906 | USD | 254,879,107 | EUR | 518,924 | — | |||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 7,746,478 | EUR | 9,570,007 | USD | — | (42,997 | ) | ||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 306,333,377 | EUR | 377,555,887 | USD | — | (811,649 | ) | ||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 407,108,099 | USD | 332,165,839 | EUR | — | (1,406,204 | ) | ||||||||||||||||||
Bank of America N.A. | 5/3/2018 | 377,555,887 | USD | 305,707,823 | EUR | 804,000 | — |
See Notes to Financial Statements.
32 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Hedged Equity Fund (HEDJ)
March 31, 2018
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 | 4/4/2018 | 255,381,417 | EUR | 314,629,906 | USD | $ | — | $ | (548,958 | ) | ||||||||||||||||
Bank of Montreal | 4/4/2018 | 339,256,749 | USD | 277,576,479 | EUR | — | (2,120,806 | ) | ||||||||||||||||||
Bank of Montreal | 5/3/2018 | 314,629,906 | USD | 254,859,080 | EUR | 543,605 | — | |||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 357,592,034 | EUR | 440,481,868 | USD | — | (697,148 | ) | ||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 474,959,449 | USD | 387,623,907 | EUR | — | (1,759,982 | ) | ||||||||||||||||||
Barclays Bank PLC | 5/3/2018 | 440,481,868 | USD | 356,863,417 | EUR | 686,235 | — | |||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 255,194,992 | EUR | 314,629,906 | USD | — | (778,233 | ) | ||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 339,256,749 | USD | 277,101,498 | EUR | — | (1,536,649 | ) | ||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/3/2018 | 314,629,906 | USD | 254,676,509 | EUR | 768,604 | — | |||||||||||||||||||
Citibank N.A. | 4/4/2018 | 15,507,656 | EUR | 19,140,014 | USD | — | (67,917 | ) | ||||||||||||||||||
Citibank N.A. | 4/4/2018 | 255,402,148 | EUR | 314,629,906 | USD | — | (523,463 | ) | ||||||||||||||||||
Citibank N.A. | 4/4/2018 | 339,256,749 | USD | 277,596,694 | EUR | — | (2,145,666 | ) | ||||||||||||||||||
Citibank N.A. | 5/3/2018 | 314,629,906 | USD | 254,879,726 | EUR | 518,161 | — | |||||||||||||||||||
Commonwealth Bank of Australia | 4/4/2018 | 153,116,995 | EUR | 188,777,943 | USD | — | (466,940 | ) | ||||||||||||||||||
Commonwealth Bank of Australia | 4/4/2018 | 203,554,049 | USD | 166,314,285 | EUR | — | (987,647 | ) | ||||||||||||||||||
Commonwealth Bank of Australia | 5/3/2018 | 188,777,943 | USD | 152,804,050 | EUR | 463,449 | — | |||||||||||||||||||
Credit Suisse International | 4/4/2018 | 7,825,922 | EUR | 9,570,007 | USD | 54,707 | — | |||||||||||||||||||
Credit Suisse International | 4/4/2018 | 15,399,617 | EUR | 19,140,014 | USD | — | (200,789 | ) | ||||||||||||||||||
Credit Suisse International | 4/4/2018 | 12,968,744 | EUR | 15,950,012 | USD | — | (396 | ) | ||||||||||||||||||
Credit Suisse International | 4/4/2018 | 23,304,326 | EUR | 28,710,021 | USD | — | (49,185 | ) | ||||||||||||||||||
Credit Suisse International | 4/4/2018 | 255,152,567 | EUR | 314,629,906 | USD | — | (830,410 | ) | ||||||||||||||||||
Credit Suisse International | 4/4/2018 | 339,256,749 | USD | 276,966,894 | EUR | — | (1,371,107 | ) | ||||||||||||||||||
Credit Suisse International | 5/3/2018 | 15,113,617 | EUR | 18,626,339 | USD | — | (438 | ) | ||||||||||||||||||
Credit Suisse International | 5/3/2018 | 314,629,906 | USD | 254,632,813 | EUR | 822,454 | — | |||||||||||||||||||
Goldman Sachs | 4/4/2018 | 306,258,831 | EUR | 377,555,887 | USD | — | (903,330 | ) | ||||||||||||||||||
Goldman Sachs | 4/4/2018 | 407,108,099 | USD | 332,625,037 | EUR | — | (1,970,949 | ) | ||||||||||||||||||
Goldman Sachs | 5/3/2018 | 377,555,887 | USD | 305,634,076 | EUR | 894,885 | — | |||||||||||||||||||
HSBC Holdings PLC | 4/4/2018 | 255,651,179 | EUR | 314,629,906 | USD | — | (217,192 | ) | ||||||||||||||||||
HSBC Holdings PLC | 4/4/2018 | 339,256,749 | USD | 277,599,192 | EUR | — | (2,148,739 | ) | ||||||||||||||||||
HSBC Holdings PLC | 5/3/2018 | 314,629,906 | USD | 255,128,773 | EUR | 211,237 | — | |||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/4/2018 | 255,174,295 | EUR | 314,629,906 | USD | — | (803,687 | ) | ||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/4/2018 | 339,256,749 | USD | 277,596,467 | EUR | — | (2,145,387 | ) | ||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/3/2018 | 314,629,906 | USD | 254,652,804 | EUR | 797,817 | — | |||||||||||||||||||
Morgan Stanley & Co. International | 4/4/2018 | 255,464,360 | EUR | 314,629,906 | USD | — | (446,951 | ) | ||||||||||||||||||
Morgan Stanley & Co. International | 4/4/2018 | 339,256,749 | USD | 277,372,231 | EUR | — | (1,869,610 | ) | ||||||||||||||||||
Morgan Stanley & Co. International | 5/3/2018 | 314,629,906 | USD | 254,941,684 | EUR | 441,804 | — | |||||||||||||||||||
Nomura International PLC | 4/4/2018 | 255,277,814 | EUR | 314,629,906 | USD | — | (676,374 | ) | ||||||||||||||||||
Nomura International PLC | 4/4/2018 | 339,256,749 | USD | 277,417,593 | EUR | — | (1,925,400 | ) | ||||||||||||||||||
Nomura International PLC | 5/3/2018 | 314,629,906 | USD | 254,755,900 | EUR | 670,762 | — | |||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 306,788,893 | EUR | 377,555,887 | USD | — | (251,433 | ) | ||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 407,108,099 | USD | 332,307,371 | EUR | — | (1,580,267 | ) | ||||||||||||||||||
Royal Bank of Canada | 5/3/2018 | 377,555,887 | USD | 306,158,252 | EUR | 248,895 | — | |||||||||||||||||||
Societe Generale | 4/4/2018 | 15,507,405 | EUR | 19,140,014 | USD | — | (68,226 | ) | ||||||||||||||||||
Societe Generale | 4/4/2018 | 255,381,417 | EUR | 314,629,906 | USD | — | (548,958 | ) | ||||||||||||||||||
Societe Generale | 4/4/2018 | 339,256,749 | USD | 276,918,288 | EUR | — | (1,311,329 | ) | ||||||||||||||||||
Societe Generale | 5/3/2018 | 314,629,906 | USD | 254,858,048 | EUR | 544,877 | — | |||||||||||||||||||
Standard Chartered Bank | 4/4/2018 | 255,381,417 | EUR | 314,629,906 | USD | — | (548,958 | ) | ||||||||||||||||||
Standard Chartered Bank | 4/4/2018 | 339,256,749 | USD | 276,827,904 | EUR | — | (1,200,170 | ) | ||||||||||||||||||
Standard Chartered Bank | 5/3/2018 | 314,629,906 | USD | 254,860,112 | EUR | 542,332 | — | |||||||||||||||||||
State Street Bank and Trust | 4/4/2018 | 25,825,734 | EUR | 31,900,024 | USD | — | (138,234 | ) | ||||||||||||||||||
State Street Bank and Trust | 4/4/2018 | 141,101,839 | EUR | 173,536,637 | USD | — | (2,478 | ) | ||||||||||||||||||
State Street Bank and Trust | 4/4/2018 | 306,744,034 | EUR | 377,555,894 | USD | — | (306,610 | ) | ||||||||||||||||||
State Street Bank and Trust | 4/4/2018 | 407,108,099 | USD | 332,978,713 | EUR | — | (2,405,917 | ) | ||||||||||||||||||
State Street Bank and Trust | 5/3/2018 | 377,555,894 | USD | 306,114,321 | EUR | 303,041 | — | |||||||||||||||||||
UBS AG | 4/3/2018 | 1,353,387 | USD | 1,100,000 | EUR | 552 | — | |||||||||||||||||||
UBS AG | 4/4/2018 | 43,944,767 | EUR | 54,230,040 | USD | — | (184,549 | ) | ||||||||||||||||||
UBS AG | 4/4/2018 | 12,988,376 | EUR | 15,950,012 | USD | 23,748 | — | |||||||||||||||||||
UBS AG | 4/4/2018 | 76,862,897 | EUR | 95,700,071 | USD | — | (1,170,204 | ) |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 33 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Hedged Equity Fund (HEDJ)
March 31, 2018
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
UBS AG | 4/4/2018 | 306,482,577 | EUR | 377,555,887 | USD | $ | — | $ | (628,155 | ) | ||||||||||||||||||
UBS AG | 4/4/2018 | 407,108,116 | USD | 333,037,292 | EUR | — | (2,477,943 | ) | ||||||||||||||||||||
UBS AG | 5/3/2018 | 377,555,887 | USD | 305,856,910 | EUR | 620,266 | — | |||||||||||||||||||||
Wells Fargo Bank N.A. | 4/4/2018 | 255,381,417 | EUR | 314,629,906 | USD | — | (548,958 | ) | ||||||||||||||||||||
Wells Fargo Bank N.A. | 4/4/2018 | 339,256,749 | USD | 277,485,665 | EUR | — | (2,009,118 | ) | ||||||||||||||||||||
Wells Fargo Bank N.A. | 5/3/2018 | 314,629,906 | USD | 254,858,874 | EUR | 543,859 | — | |||||||||||||||||||||
$ | 11,024,214 | $ | (46,751,138 | ) |
CURRENCY LEGEND |
EUR – Euro
USD – U.S. dollar
See Notes to Financial Statements.
34 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.3% | ||||||||
Austria – 4.8% | ||||||||
AT&S Austria Technologie & Systemtechnik AG | 2,807 | $ | 75,948 | |||||
Lenzing AG | 4,163 | 513,523 | ||||||
Oesterreichische Post AG | 20,950 | 1,040,406 | ||||||
Porr AG(a) | 8,485 | 291,666 | ||||||
S IMMO AG | 16,023 | 317,265 | ||||||
Telekom Austria AG* | 89,458 | 851,555 | ||||||
UNIQA Insurance Group AG | 164,430 | 1,907,986 | ||||||
Verbund AG | 31,967 | 927,825 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 35,348 | 1,181,589 | ||||||
Wienerberger AG | 13,120 | 327,876 | ||||||
|
| |||||||
Total Austria | 7,435,639 | |||||||
Belgium – 6.5% | ||||||||
Ackermans & van Haaren N.V. | 4,822 | 843,294 | ||||||
Barco N.V. | 2,712 | 333,535 | ||||||
Bekaert S.A. | 11,284 | 480,444 | ||||||
bpost S.A. | 95,540 | 2,157,298 | ||||||
Cofinimmo S.A. | 8,385 | 1,086,916 | ||||||
D’ieteren S.A./N.V. | 12,017 | 486,233 | ||||||
Econocom Group S.A./N.V. | 28,311 | 207,169 | ||||||
Elia System Operator S.A./N.V. | 15,539 | 970,821 | ||||||
Euronav N.V.(a) | 130,811 | 1,083,513 | ||||||
Ion Beam Applications | 151 | 3,044 | ||||||
Melexis N.V. | 7,859 | 782,897 | ||||||
Ontex Group N.V. | 12,591 | 336,335 | ||||||
Orange Belgium S.A. | 14,469 | 295,748 | ||||||
Warehouses De Pauw CVA | 8,238 | 1,023,282 | ||||||
|
| |||||||
Total Belgium | 10,090,529 | |||||||
Finland – 9.7% | ||||||||
Aktia Bank Oyj | 29,462 | 332,627 | ||||||
Amer Sports Oyj* | 28,324 | 873,295 | ||||||
Cargotec Oyj Class B | 7,844 | 417,327 | ||||||
Citycon Oyj | 165,371 | 371,578 | ||||||
Cramo Oyj | 10,444 | 217,715 | ||||||
DNA Oyj | 39,904 | 865,209 | ||||||
F-Secure Oyj | 34,369 | 154,492 | ||||||
Finnair Oyj | 17,333 | 240,882 | ||||||
Huhtamaki Oyj | 16,391 | 718,448 | ||||||
Kemira Oyj | 54,339 | 695,020 | ||||||
Kesko Oyj Class B | 26,298 | 1,505,872 | ||||||
Konecranes Oyj | 18,984 | 822,765 | ||||||
Lassila & Tikanoja Oyj | 235 | 4,873 | ||||||
Metsa Board Oyj | 71,388 | 715,981 | ||||||
Metso Oyj | 39,820 | 1,254,189 | ||||||
Nokian Renkaat Oyj(a) | 43,949 | 1,994,471 | ||||||
Outokumpu Oyj | 48,037 | 327,412 | ||||||
Raisio Oyj Class V | 27,980 | 124,569 | ||||||
Ramirent Oyj | 28,121 | 231,544 | ||||||
Sanoma Oyj | 34,457 | 403,641 | ||||||
Technopolis Oyj | 25,370 | 114,509 | ||||||
Tieto Oyj | 28,810 | 959,498 | ||||||
Tikkurila Oyj | 12,912 | 248,043 | ||||||
Tokmanni Group Corp. | 26,012 | 212,259 | ||||||
Uponor Oyj | 18,362 | 306,445 | ||||||
Valmet Oyj | 31,175 | 624,185 | ||||||
YIT Oyj | 33,682 | 281,682 | ||||||
|
| |||||||
Total Finland | 15,018,531 | |||||||
France – 13.8% | ||||||||
Albioma S.A. | 752 | 17,813 | ||||||
Altran Technologies S.A.(a) | 22,703 | 335,614 | ||||||
Cie Plastic Omnium S.A. | 20,965 | 1,002,990 | ||||||
Coface S.A. | 26,497 | 302,736 | ||||||
Edenred | 57,746 | 2,005,575 | ||||||
Elior Group S.A.(b) | 19,089 | 414,597 | ||||||
Elis S.A. | 21,748 | 537,610 | ||||||
Eurazeo S.A. | 15,233 | 1,400,390 | ||||||
Europcar Groupe S.A.(b) | 35,139 | 390,238 | ||||||
Eutelsat Communications S.A. | 85,486 | 1,692,673 | ||||||
Gaztransport Et Technigaz S.A. | 17,764 | 1,112,016 | ||||||
IPSOS | 9,608 | 377,180 | ||||||
Jacquet Metal Service | 7,915 | 285,701 | ||||||
Kaufman & Broad S.A. | 7,535 | 395,883 | ||||||
Korian S.A. | 9,517 | 321,873 | ||||||
Lagardere SCA | 50,433 | 1,438,981 | ||||||
LISI | 4,600 | 184,994 | ||||||
Manitou BF S.A. | 250 | 10,608 | ||||||
Metropole Television S.A. | 37,523 | 965,409 | ||||||
Neopost S.A. | 9,739 | 256,319 | ||||||
Nexans S.A. | 4,282 | 221,181 | ||||||
Nexity S.A.* | 18,613 | 1,191,487 | ||||||
Orpea | 4,394 | 557,959 | ||||||
Rallye S.A.(a) | 7,950 | 119,283 | ||||||
Remy Cointreau S.A. | 6,582 | 937,387 | ||||||
Rexel S.A. | 65,683 | 1,110,729 | ||||||
Rubis SCA | 19,193 | 1,384,405 | ||||||
Sopra Steria Group | 2,386 | 486,234 | ||||||
SPIE S.A. | 28,907 | 638,857 | ||||||
Tarkett S.A. | 4,823 | 161,457 | ||||||
Television Francaise 1 | 38,340 | 520,092 | ||||||
Vicat S.A. | 7,828 | 590,633 | ||||||
|
| |||||||
Total France | 21,368,904 | |||||||
Germany – 18.1% | ||||||||
1&1 Drillisch AG | 15,953 | 1,074,184 | ||||||
Aareal Bank AG | 27,702 | 1,319,845 | ||||||
alstria office REIT-AG | 53,682 | 840,445 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA(a) | 18,447 | 1,284,087 | ||||||
Aurubis AG | 8,128 | 682,542 | ||||||
BayWa AG | 5,091 | 179,383 | ||||||
Bechtle AG | 4,378 | 354,286 | ||||||
Bertrandt AG | 421 | 47,971 | ||||||
Bilfinger SE | 11,163 | 507,966 | ||||||
Carl Zeiss Meditec AG Bearer Shares | 6,897 | 439,806 | ||||||
CompuGroup Medical SE | 3,985 | 215,348 | ||||||
CTS Eventim AG & Co. KGaA | 17,770 | 831,780 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
March 31, 2018
Investments | Shares | Value | ||||||
Diebold Nixdorf AG* | 5,528 | $ | 456,867 | |||||
DMG MORI AG | 7,334 | 420,319 | ||||||
Duerr AG | 5,973 | 654,813 | ||||||
Elmos Semiconductor AG | 6,812 | 208,606 | ||||||
ElringKlinger AG | 3,917 | 72,934 | ||||||
Encavis AG | 36,888 | 290,801 | ||||||
Freenet AG | 54,566 | 1,658,239 | ||||||
Gerresheimer AG | 3,228 | 264,598 | ||||||
Hamburger Hafen und Logistik AG | 16,531 | 371,035 | ||||||
Hella GmbH & Co. KGaA | 18,087 | 1,187,846 | ||||||
Hugo Boss AG | 22,563 | 1,963,527 | ||||||
Indus Holding AG | 4,704 | 329,179 | ||||||
Jenoptik AG | 6,394 | 225,844 | ||||||
K+S AG Registered Shares | 20,375 | 587,364 | ||||||
Kloeckner & Co. SE | 19,216 | 241,055 | ||||||
Krones AG | 3,364 | 452,612 | ||||||
LANXESS AG | 8,021 | 613,580 | ||||||
LEG Immobilien AG | 15,909 | 1,787,130 | ||||||
Leoni AG | 5,300 | 338,425 | ||||||
Nemetschek SE | 1,230 | 137,657 | ||||||
NORMA Group SE | 5,192 | 388,231 | ||||||
Pfeiffer Vacuum Technology AG | 2,414 | 374,967 | ||||||
Rheinmetall AG | 5,958 | 845,221 | ||||||
RHOEN-KLINIKUM AG | 6,772 | 228,036 | ||||||
Salzgitter AG | 5,305 | 271,022 | ||||||
Scout24 AG(b) | 7,778 | 361,969 | ||||||
Sixt SE | 6,806 | 737,010 | ||||||
Software AG | 9,169 | 479,477 | ||||||
STADA Arzneimittel AG | 6,018 | 619,040 | ||||||
Stroeer SE & Co. KGaA | 8,678 | 605,673 | ||||||
Suedzucker AG | 23,589 | 400,061 | ||||||
Takkt AG | 14,042 | 319,487 | ||||||
TLG Immobilien AG | 25,957 | 711,888 | ||||||
VTG AG | 4,733 | 267,470 | ||||||
Wacker Neuson SE | 10,689 | 369,925 | ||||||
Washtec AG | 3,032 | 288,617 | ||||||
Wuestenrot & Wuerttembergische AG | 26,736 | 630,663 | ||||||
|
| |||||||
Total Germany | 27,938,831 | |||||||
Ireland – 1.1% | ||||||||
C&C Group PLC | 39,400 | 128,893 | ||||||
Glanbia PLC | 19,032 | 327,691 | ||||||
Irish Continental Group PLC | 39,225 | 275,938 | ||||||
Kingspan Group PLC | 16,803 | 710,882 | ||||||
Origin Enterprises PLC | 37,137 | 244,351 | ||||||
|
| |||||||
Total Ireland | 1,687,755 | |||||||
Italy – 23.8% | ||||||||
A2A SpA | 821,249 | 1,570,066 | ||||||
ACEA SpA | 44,123 | 747,767 | ||||||
Anima Holding SpA(b) | 97,138 | 658,253 | ||||||
Ascopiave SpA | 81,797 | 327,950 | ||||||
ASTM SpA | 25,973 | 653,232 | ||||||
Autogrill SpA | 32,126 | 412,881 | ||||||
Azimut Holding SpA | 62,595 | 1,342,960 | ||||||
Banca Generali SpA | 35,659 | 1,149,007 | ||||||
Banca IFIS SpA | 11,932 | 459,021 | ||||||
Banca Popolare di Sondrio SCPA | 75,778 | 299,903 | ||||||
Biesse SpA | 7,489 | 443,939 | ||||||
BPER Banca | 60,363 | 336,296 | ||||||
Brembo SpA | 42,950 | 662,389 | ||||||
Buzzi Unicem SpA | 7,088 | 165,714 | ||||||
Cementir Holding SpA | 14,074 | 122,028 | ||||||
Cerved Information Solutions SpA | 45,477 | 566,570 | ||||||
CIR-Compagnie Industriali Riunite SpA | 13,944 | 18,452 | ||||||
Credito Emiliano SpA | 7,638 | 66,788 | ||||||
Datalogic SpA | 7,569 | 236,907 | ||||||
De’ Longhi SpA | 30,069 | 891,967 | ||||||
DiaSorin SpA | 5,364 | 482,235 | ||||||
Ei Towers SpA | 7,338 | 411,072 | ||||||
Enav SpA(b) | 211,565 | 1,127,678 | ||||||
ERG SpA | 49,332 | 1,175,804 | ||||||
Falck Renewables SpA | 87,512 | 226,016 | ||||||
FinecoBank Banca Fineco SpA | 183,336 | 2,202,448 | ||||||
Hera SpA | 374,501 | 1,369,766 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 39,913 | 372,472 | ||||||
Industria Macchine Automatiche SpA | 6,005 | 583,804 | ||||||
Infrastrutture Wireless Italiane SpA(b) | 135,305 | 1,069,984 | ||||||
Interpump Group SpA | 9,378 | 316,711 | ||||||
Iren SpA | 288,797 | 904,991 | ||||||
Italgas SpA | 267,985 | 1,600,448 | ||||||
Italmobiliare SpA | 9,299 | 261,321 | ||||||
Maire Tecnimont SpA | 55,170 | 283,617 | ||||||
MARR SpA | 21,471 | 637,444 | ||||||
Moncler SpA | 15,750 | 598,537 | ||||||
OVS SpA(b) | 49,407 | 302,722 | ||||||
Parmalat SpA | 98,652 | 363,375 | ||||||
Piaggio & C. SpA | 94,772 | 262,949 | ||||||
Prysmian SpA | 31,331 | 982,577 | ||||||
RAI Way SpA(b) | 85,702 | 474,830 | ||||||
Salini Impregilo SpA(a) | 76,805 | 227,645 | ||||||
Salvatore Ferragamo SpA(a) | 25,722 | 709,239 | ||||||
Saras SpA | 344,840 | 756,173 | ||||||
Societa Cattolica di Assicurazioni SC | 65,262 | 694,271 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 64,113 | 1,192,991 | ||||||
Tod’s SpA(a) | 4,545 | 329,791 | ||||||
Unione di Banche Italiane SpA | 255,637 | 1,166,721 | ||||||
Unipol Gruppo SpA | 264,672 | 1,294,867 | ||||||
UnipolSai Assicurazioni SpA | 1,251,100 | 2,974,241 | ||||||
Zignago Vetro SpA | 25,953 | 264,922 | ||||||
|
| |||||||
Total Italy | 36,753,752 | |||||||
Netherlands – 7.8% | ||||||||
Aalberts Industries N.V. | 15,336 | 780,090 | ||||||
Accell Group | 6,238 | 135,944 | ||||||
Amsterdam Commodities N.V. | 7,123 | 186,593 | ||||||
Arcadis N.V. | 15,538 | 304,795 | ||||||
ASM International N.V. | 7,905 | 576,124 | ||||||
ASR Nederland N.V. | 52,711 | 2,250,781 |
See Notes to Financial Statements.
36 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
March 31, 2018
Investments | Shares | Value | ||||||
BE Semiconductor Industries N.V. | 11,476 | $ | 1,172,148 | |||||
Beter Bed Holding N.V. | 349 | 3,996 | ||||||
BinckBank N.V. | 27,286 | 155,540 | ||||||
Boskalis Westminster | 35,848 | 1,049,287 | ||||||
Brunel International N.V. | 1,642 | 30,069 | ||||||
Corbion N.V. | 17,181 | 520,222 | ||||||
Euronext N.V.(b) | 18,412 | 1,345,054 | ||||||
Flow Traders(b) | 12,730 | 542,011 | ||||||
ForFarmers N.V. | 23,444 | 326,962 | ||||||
Gemalto N.V. | 6,724 | 410,581 | ||||||
IMCD Group N.V. | 4,770 | 292,850 | ||||||
Intertrust N.V.(b) | 18,488 | 382,899 | ||||||
Koninklijke BAM Groep N.V.(a) | 16,421 | 76,419 | ||||||
PostNL N.V. | 104,922 | 392,535 | ||||||
SBM Offshore N.V. | 35,900 | 573,751 | ||||||
TKH Group N.V. CVA | 9,353 | 598,145 | ||||||
|
| |||||||
Total Netherlands | 12,106,796 | |||||||
Portugal – 4.0% | ||||||||
Altri, SGPS, S.A. | 103,867 | 692,355 | ||||||
Corticeira Amorim, SGPS, S.A. | 6,327 | 80,925 | ||||||
CTT-Correios de Portugal S.A. | 101,191 | 389,279 | ||||||
Mota-Engil, SGPS, S.A. | 109,023 | 438,448 | ||||||
Navigator Co. S.A. (The) | 229,410 | 1,350,886 | ||||||
NOS, SGPS, S.A. | 140,832 | 829,639 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 228,090 | 703,536 | ||||||
Semapa-Sociedade de Investimento e Gestao | 18,404 | 419,185 | ||||||
Sonae Capital, SGPS, S.A. | 239,552 | 273,401 | ||||||
Sonae, SGPS, S.A. | 703,385 | 947,239 | ||||||
|
| |||||||
Total Portugal | 6,124,893 | |||||||
Spain – 9.7% | ||||||||
Acciona S.A. | 14,427 | 1,095,101 | ||||||
Acerinox S.A. | 65,955 | 920,247 | ||||||
Almirall S.A. | 18,366 | 216,614 | ||||||
Applus Services S.A. | 20,746 | 269,943 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 44,766 | 426,405 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A.(a) | 27,412 | 927,098 | ||||||
Cellnex Telecom S.A.(b) | 10,336 | 275,718 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 37,089 | 784,559 | ||||||
Cie Automotive S.A. | 23,553 | 840,033 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 5,109 | 263,899 | ||||||
Distribuidora Internacional de Alimentacion S.A. | 146,498 | 621,048 | ||||||
Ebro Foods S.A. | 36,047 | 915,908 | ||||||
Elecnor S.A. | 17,382 | 290,731 | ||||||
Ence Energia y Celulosa S.A. | 38,038 | 286,300 | ||||||
Euskaltel S.A.(b) | 5,092 | 42,428 | ||||||
Faes Farma S.A. | 90,872 | 331,924 | ||||||
Grupo Catalana Occidente S.A. | 22,167 | 965,078 | ||||||
Mediaset Espana Comunicacion S.A. | 109,148 | 1,109,592 | ||||||
Obrascon Huarte Lain S.A.* | 40,528 | 172,608 | ||||||
Papeles y Cartones de Europa S.A. | 29,358 | 511,260 | ||||||
Prosegur Cia de Seguridad S.A. | 97,246 | 746,292 | ||||||
Saeta Yield S.A. | 48,364 | 724,472 | ||||||
Tecnicas Reunidas S.A.(a) | 14,502 | 427,869 | ||||||
Viscofan S.A. | 10,055 | 693,741 | ||||||
Zardoya Otis S.A. | 119,799 | 1,205,199 | ||||||
|
| |||||||
Total Spain | 15,064,067 | |||||||
TOTAL COMMON STOCKS (Cost: $122,904,574) | 153,589,697 | |||||||
RIGHTS – 0.1% | ||||||||
France – 0.0% | ||||||||
Altran Technologies S.A., expiring 4/9/18*(a) | 22,703 | 37,978 | ||||||
Italy – 0.1% | ||||||||
Anima Holding SpA, expiring 4/12/18* | 97,138 | 37,034 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA, expiring 4/13/18* | 39,913 | 42,441 | ||||||
|
| |||||||
Total Italy | 79,475 | |||||||
TOTAL RIGHTS (Cost: $0) | 117,453 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.7% | ||||||||
United States – 2.7% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $4,215,398)(d) | 4,215,398 | 4,215,398 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.1% (Cost: $127,119,972) | 157,922,548 | |||||||
Other Assets less Liabilities – (2.1)% | (3,298,537 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 154,624,011 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $5,350,139 and the total market value of the collateral held by the Fund was $5,630,237. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,414,839. |
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. | 4/4/2018 | 27,161,183 | EUR | 33,406,137 | USD | $ | — | $ | (1,944 | ) | ||||||||||||||||
Bank of America N.A. | 4/4/2018 | 33,406,137 | USD | 27,318,798 | EUR | — | (191,899 | ) | ||||||||||||||||||
Bank of America N.A. | 5/3/2018 | 32,308,020 | USD | 26,214,531 | EUR | 1,441 | — | |||||||||||||||||||
Bank of Montreal | 4/3/2018 | 70,000 | USD | 56,887 | EUR | 37 | — |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 37 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
March 31, 2018
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 | 4/4/2018 | 33,406,137 | USD | 27,319,268 | EUR | $ | — | $ | (192,476 | ) | ||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 27,162,111 | EUR | 33,406,137 | USD | — | (803 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 33,406,137 | USD | 27,319,603 | EUR | — | (192,889 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/3/2018 | 32,308,020 | USD | 26,215,850 | EUR | — | (185 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 27,161,956 | EUR | 33,406,137 | USD | — | (993 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 25,452,295 | USD | 20,814,578 | EUR | — | (146,523 | ) | ||||||||||||||||||||
Citibank N.A. | 5/3/2018 | 32,308,020 | USD | 26,215,594 | EUR | 130 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 27,162,089 | EUR | 33,406,137 | USD | — | (830 | ) | ||||||||||||||||||||
Credit Suisse International | 5/3/2018 | 32,308,020 | USD | 26,216,105 | EUR | — | (499 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 20,694,942 | EUR | 25,452,295 | USD | — | (612 | ) | ||||||||||||||||||||
Goldman Sachs | 5/3/2018 | 24,615,635 | USD | 19,973,576 | EUR | 359 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 33,406,137 | USD | 27,319,737 | EUR | — | (193,053 | ) | ||||||||||||||||||||
$ | 1,967 | $ | (922,706 | ) |
CURRENCY LEGEND |
EUR – Euro
USD – U.S. dollar
See Notes to Financial Statements.
38 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
Austria – 0.2% | ||||||||
Lenzing AG | 994 | $ | 122,614 | |||||
Belgium – 0.2% | ||||||||
Ion Beam Applications(a) | 1,016 | 20,480 | ||||||
Melexis N.V. | 1,372 | 136,675 | ||||||
|
| |||||||
Total Belgium | 157,155 | |||||||
Denmark – 7.0% | ||||||||
Chr Hansen Holding A/S | 2,579 | 221,693 | ||||||
Coloplast A/S Class B | 6,547 | 551,552 | ||||||
Novo Nordisk A/S Class B | 71,349 | 3,502,174 | ||||||
Novozymes A/S Class B | 5,164 | 266,171 | ||||||
Pandora A/S | 1,319 | 141,412 | ||||||
Royal Unibrew A/S | 1,750 | 115,552 | ||||||
Vestas Wind Systems A/S | 3,956 | 280,534 | ||||||
|
| |||||||
Total Denmark | 5,079,088 | |||||||
Finland – 3.1% | ||||||||
Elisa Oyj | 9,995 | 451,990 | ||||||
Huhtamaki Oyj | 3,084 | 135,177 | ||||||
Kone Oyj Class B | 15,064 | 750,878 | ||||||
Konecranes Oyj | 2,314 | 100,289 | ||||||
Metsa Board Oyj | 13,304 | 133,432 | ||||||
Nokian Renkaat Oyj | 4,400 | 199,678 | ||||||
Orion Oyj Class B | 4,117 | 125,924 | ||||||
Valmet Oyj | 4,058 | 81,249 | ||||||
Wartsila Oyj Abp | 10,869 | 239,942 | ||||||
|
| |||||||
Total Finland | 2,218,559 | |||||||
France – 12.2% | ||||||||
Airbus SE | 15,004 | 1,730,861 | ||||||
Altran Technologies S.A.(a) | 4,351 | 64,320 | ||||||
BioMerieux | 1,278 | 105,307 | ||||||
Capgemini SE | 3,686 | 458,763 | ||||||
Christian Dior SE | 2,025 | 799,185 | ||||||
Cie Generale des Etablissements Michelin SCA | 3,460 | 510,208 | ||||||
Cie Plastic Omnium S.A. | 2,744 | 131,276 | ||||||
Essilor International Cie Generale d’Optique S.A. | 3,472 | 467,996 | ||||||
Faurecia S.A. | 2,747 | 222,028 | ||||||
Hermes International | 763 | 451,828 | ||||||
Ingenico Group S.A. | 1,232 | 99,820 | ||||||
Ipsen S.A. | 1,268 | 196,725 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 7,316 | 2,251,196 | ||||||
Orpea | 609 | 77,332 | ||||||
SEB S.A. | 500 | 95,436 | ||||||
Societe BIC S.A. | 1,361 | 135,329 | ||||||
Sodexo S.A. | 2,201 | 221,695 | ||||||
Teleperformance | 655 | 101,500 | ||||||
Thales S.A. | 3,679 | 447,666 | ||||||
Valeo S.A. | 3,472 | 229,045 | ||||||
|
| |||||||
Total France | 8,797,516 | |||||||
Germany – 11.1% | ||||||||
adidas AG | 1,984 | 479,831 | ||||||
Aurubis AG | 1,477 | 124,030 | ||||||
Continental AG | 3,078 | 849,083 | ||||||
Covestro AG(b) | 5,874 | 576,920 | ||||||
CTS Eventim AG & Co. KGaA | 2,694 | 126,101 | ||||||
Deutsche Wohnen SE Bearer Shares | 9,953 | 463,923 | ||||||
Diebold Nixdorf AG* | 1,097 | 90,663 | ||||||
Fielmann AG | 1,978 | 159,825 | ||||||
Fuchs Petrolub SE | 2,091 | 106,336 | ||||||
Hella GmbH & Co. KGaA | 2,258 | 148,292 | ||||||
Henkel AG & Co. KGaA | 3,798 | 477,840 | ||||||
Hugo Boss AG | 2,409 | 209,641 | ||||||
Infineon Technologies AG | 18,140 | 485,008 | ||||||
K+S AG Registered Shares | 4,124 | 118,885 | ||||||
KION Group AG | 1,707 | 159,005 | ||||||
Leoni AG | 1,091 | 69,665 | ||||||
MTU Aero Engines AG | 1,200 | 201,892 | ||||||
SAP SE | 20,688 | 2,161,904 | ||||||
Symrise AG | 2,358 | 189,543 | ||||||
TUI AG | 25,449 | 544,750 | ||||||
United Internet AG Registered Shares | 4,507 | 283,244 | ||||||
|
| |||||||
Total Germany | 8,026,381 | |||||||
Ireland – 0.2% | ||||||||
Irish Continental Group PLC | 4,055 | 28,526 | ||||||
Kerry Group PLC Class A | 1,368 | 138,633 | ||||||
|
| |||||||
Total Ireland | 167,159 | |||||||
Italy – 2.2% | ||||||||
Anima Holding SpA(b) | 20,555 | 139,290 | ||||||
Azimut Holding SpA | 11,700 | 251,021 | ||||||
Banca IFIS SpA | 2,249 | 86,518 | ||||||
Brembo SpA | 5,940 | 91,609 | ||||||
De’ Longhi SpA | 4,388 | 130,166 | ||||||
DiaSorin SpA | 1,095 | 98,443 | ||||||
Ferrari N.V. | 1,379 | 165,424 | ||||||
Industria Macchine Automatiche SpA | 1,213 | 117,927 | ||||||
Prysmian SpA | 5,327 | 167,061 | ||||||
Recordati SpA | 5,833 | 215,068 | ||||||
Salvatore Ferragamo SpA(a) | 3,523 | 97,141 | ||||||
|
| |||||||
Total Italy | 1,559,668 | |||||||
Netherlands – 3.8% | ||||||||
ASM International N.V. | 1,486 | 108,301 | ||||||
ASML Holding N.V. | 5,707 | 1,124,054 | ||||||
BE Semiconductor Industries N.V. | 1,811 | 184,974 | ||||||
Corbion N.V. | 3,518 | 106,521 | ||||||
Euronext N.V.(b) | 2,919 | 213,242 | ||||||
Flow Traders(b) | 2,395 | 101,973 | ||||||
GrandVision N.V.(b) | 2,580 | 58,764 | ||||||
Koninklijke Vopak N.V. | 3,028 | 148,401 | ||||||
Rhi Magnesita N.V.* | 1,264 | 78,018 | ||||||
SBM Offshore N.V. | 5,656 | 90,394 | ||||||
Steinhoff International Holdings N.V.* | 92,579 | 25,504 | ||||||
TKH Group N.V. CVA | 1,811 | 115,818 | ||||||
Wolters Kluwer N.V. | 6,587 | 349,883 | ||||||
|
| |||||||
Total Netherlands | 2,705,847 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
March 31, 2018
Investments | Shares | Value | ||||||
Norway – 2.4% | ||||||||
Borregaard ASA | 9,341 | $ | 88,045 | |||||
Entra ASA(b) | 7,384 | 100,448 | ||||||
Leroy Seafood Group ASA | 22,816 | 140,948 | ||||||
Marine Harvest ASA | 35,274 | 706,293 | ||||||
Orkla ASA | 34,038 | 364,791 | ||||||
Salmar ASA | 5,909 | 241,750 | ||||||
Veidekke ASA | 5,934 | 66,287 | ||||||
|
| |||||||
Total Norway | 1,708,562 | |||||||
Portugal – 0.5% | ||||||||
Jeronimo Martins, SGPS, S.A. | 21,171 | 385,480 | ||||||
Spain – 3.7% | ||||||||
Amadeus IT Group S.A. | 10,554 | 778,531 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 10,395 | 99,014 | ||||||
Grifols S.A. | 8,070 | 228,372 | ||||||
Industria de Diseno Textil S.A. | 43,601 | 1,363,625 | ||||||
Prosegur Cia de Seguridad S.A. | 12,315 | 94,509 | ||||||
Tecnicas Reunidas S.A.(a) | 3,573 | 105,418 | ||||||
|
| |||||||
Total Spain | 2,669,469 | |||||||
Sweden – 8.3% | ||||||||
AAK AB | 604 | 53,153 | ||||||
Assa Abloy AB Class B | 16,663 | 358,835 | ||||||
Atlas Copco AB Class A | 19,506 | 841,282 | ||||||
Atlas Copco AB Class B | 11,024 | 427,149 | ||||||
Axfood AB | 5,504 | 93,817 | ||||||
Bilia AB Class A | 7,858 | 69,434 | ||||||
Boliden AB | 6,094 | 212,840 | ||||||
Castellum AB | 8,516 | 138,801 | ||||||
Electrolux AB Series B | 3,908 | 122,493 | ||||||
Fabege AB | 6,377 | 137,670 | ||||||
Hemfosa Fastigheter AB | 13,134 | 158,866 | ||||||
Hennes & Mauritz AB Class B(a) | 25,214 | 376,879 | ||||||
Hexagon AB Class B | 4,718 | 279,425 | ||||||
Husqvarna AB Class B | 9,953 | 95,646 | ||||||
Intrum Justitia AB(a) | 2,195 | 62,038 | ||||||
Investment AB Latour Class B | 15,053 | 170,575 | ||||||
JM AB | 2,043 | 46,228 | ||||||
L E Lundbergforetagen AB Class B | 941 | 67,192 | ||||||
Loomis AB Class B | 2,795 | 100,255 | ||||||
NetEnt AB* | 10,437 | 52,267 | ||||||
Nibe Industrier AB Class B | 8,575 | 80,909 | ||||||
Peab AB | 9,998 | 89,656 | ||||||
Sandvik AB | 30,232 | 550,326 | ||||||
Securitas AB Class B | 10,667 | 180,547 | ||||||
SKF AB Class B(a) | 13,850 | 281,968 | ||||||
Sweco AB Class B | 3,790 | 78,065 | ||||||
Trelleborg AB Class B | 6,486 | 162,483 | ||||||
Volvo AB Class B | 37,149 | 675,352 | ||||||
|
| |||||||
Total Sweden | 5,964,151 | |||||||
Switzerland – 16.9% | ||||||||
ABB Ltd. Registered Shares | �� | 70,579 | 1,674,556 | |||||
Cie Financiere Richemont S.A. Registered Shares | 8,148 | 729,712 | ||||||
EMS-Chemie Holding AG Registered Shares | 666 | 419,380 | ||||||
GAM Holding AG* | 11,330 | 189,898 | ||||||
Geberit AG Registered Shares | 876 | 386,406 | ||||||
Givaudan S.A. Registered Shares | 334 | 758,964 | ||||||
Kuehne + Nagel International AG Registered Shares | 4,343 | 681,655 | ||||||
Logitech International S.A. Registered Shares | 3,911 | 142,783 | ||||||
Lonza Group AG Registered Shares* | 1,157 | 272,093 | ||||||
Oriflame Holding AG | 1,754 | 83,775 | ||||||
Partners Group Holding AG | 875 | 648,757 | ||||||
Roche Holding AG Bearer Shares | 5,218 | 1,208,597 | ||||||
Roche Holding AG Genusschein | 17,406 | 3,982,513 | ||||||
Schindler Holding AG Participation Certificate | 605 | 130,148 | ||||||
Schindler Holding AG Registered Shares | 1,159 | 242,064 | ||||||
Sonova Holding AG Registered Shares | 1,759 | 278,839 | ||||||
Straumann Holding AG Registered Shares | 274 | 172,252 | ||||||
Swatch Group AG (The) Bearer Shares | 500 | 220,029 | ||||||
|
| |||||||
Total Switzerland | 12,222,421 | |||||||
United Kingdom – 27.8% | ||||||||
Ashmore Group PLC | 47,341 | 252,756 | ||||||
Ashtead Group PLC | 9,401 | 255,842 | ||||||
Associated British Foods PLC | 11,105 | 388,050 | ||||||
AVEVA Group PLC | 3,962 | 106,211 | ||||||
Bellway PLC | 3,451 | 147,604 | ||||||
Berkeley Group Holdings PLC | 6,262 | 332,838 | ||||||
BGEO Group PLC | 1,926 | 96,076 | ||||||
Big Yellow Group PLC | 6,160 | 73,710 | ||||||
Brewin Dolphin Holdings PLC | 25,308 | 122,411 | ||||||
British American Tobacco PLC | 45,180 | 2,618,166 | ||||||
Burberry Group PLC | 5,335 | 126,928 | ||||||
Cineworld Group PLC | 27,734 | 91,739 | ||||||
Coca-Cola European Partners PLC | 9,786 | 407,034 | ||||||
Compass Group PLC | 34,644 | 707,353 | ||||||
Computacenter PLC | 9,516 | 153,247 | ||||||
Crest Nicholson Holdings PLC | 7,361 | 46,921 | ||||||
Croda International PLC | 4,241 | 271,763 | ||||||
Diageo PLC | 63,270 | 2,140,774 | ||||||
Domino’s Pizza Group PLC | 19,811 | 91,849 | ||||||
Dunelm Group PLC | 12,748 | 94,243 | ||||||
easyJet PLC | 15,691 | 353,172 | ||||||
Electrocomponents PLC | 16,703 | 140,633 | ||||||
FDM Group Holdings PLC | 3,305 | 47,290 | ||||||
Fresnillo PLC | 13,586 | 241,756 | ||||||
Galliford Try PLC | 8,580 | 100,501 | ||||||
Greggs PLC | 7,996 | 137,854 | ||||||
Halma PLC | 10,167 | 168,152 | ||||||
Hargreaves Lansdown PLC | 11,101 | 254,299 | ||||||
Hikma Pharmaceuticals PLC | 3,172 | 53,774 | ||||||
Howden Joinery Group PLC | 10,859 | 70,194 | ||||||
Jardine Lloyd Thompson Group PLC | 11,320 | 203,578 | ||||||
Johnson Matthey PLC | 5,662 | 241,616 | ||||||
Jupiter Fund Management PLC | 20,908 | 138,319 | ||||||
Mediclinic International PLC(a) | 12,212 | 102,957 | ||||||
Merlin Entertainments PLC(b) | 4,951 | 24,072 |
See Notes to Financial Statements.
40 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
March 31, 2018
Investments | Shares | Value | ||||||
Moneysupermarket.com Group PLC | 27,209 | $ | 109,468 | |||||
Pagegroup PLC | 19,617 | 147,638 | ||||||
Persimmon PLC | 14,670 | 520,651 | ||||||
Reckitt Benckiser Group PLC | 13,342 | 1,129,333 | ||||||
RELX N.V. | 23,414 | 484,632 | ||||||
RELX PLC | 25,883 | 531,922 | ||||||
Renishaw PLC | 2,359 | 149,113 | ||||||
Rightmove PLC | 1,753 | 106,897 | ||||||
RPC Group PLC | 15,344 | 166,428 | ||||||
Sage Group PLC (The) | 36,947 | 331,293 | ||||||
Segro PLC | 48,982 | 413,096 | ||||||
Spirax-Sarco Engineering PLC | 1,930 | 155,811 | ||||||
Synthomer PLC | 17,707 | 119,130 | ||||||
Taylor Wimpey PLC | 61,040 | 158,067 | ||||||
Unilever N.V. CVA | 44,222 | 2,494,706 | ||||||
Unilever PLC | 31,580 | 1,752,303 | ||||||
WH Smith PLC | 5,958 | 162,812 | ||||||
Whitbread PLC | 2,270 | 117,821 | ||||||
William Hill PLC | 44,511 | 206,239 | ||||||
|
| |||||||
Total United Kingdom | 20,061,042 | |||||||
TOTAL COMMON STOCKS (Cost: $69,499,014) | 71,845,112 | |||||||
RIGHTS – 0.0% | ||||||||
France – 0.0% | ||||||||
Altran Technologies S.A., expiring 4/9/18*(a) | 4,351 | 7,278 | ||||||
Italy – 0.0% | ||||||||
Anima Holding SpA, expiring 4/12/18* | 20,555 | 7,837 | ||||||
United Kingdom – 0.0% | ||||||||
Galliford Try PLC, expiring 4/13/18* | 2,860 | 11,234 | ||||||
TOTAL RIGHTS (Cost: $0) | 26,349 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.4% | ||||||||
United States – 1.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $1,002,910)(d) | 1,002,910 | 1,002,910 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.0% (Cost: $70,501,924) | 72,874,371 | |||||||
Other Assets less Liabilities – (1.0)% | (710,895 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 72,163,476 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $997,702 and the total market value of the collateral held by the Fund was $1,050,149. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $47,239. |
CVA | – Certificaten Van Aandelen (Certificate of Stock) |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 41 |
Table of Contents
Schedule of Investments
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.8% | ||||||||
Austria – 1.0% | ||||||||
AT&S Austria Technologie & Systemtechnik AG | 147,860 | $ | 4,000,605 | |||||
DO & Co. AG(a) | 12,787 | 809,894 | ||||||
POLYTEC Holding AG | 44,144 | 853,447 | ||||||
Porr AG(a) | 102,136 | 3,510,856 | ||||||
S IMMO AG | 147,219 | 2,915,023 | ||||||
Zumtobel Group AG(a) | 43,380 | 407,067 | ||||||
|
| |||||||
Total Austria | 12,496,892 | |||||||
Belgium – 2.4% | ||||||||
Barco N.V. | 26,235 | 3,226,512 | ||||||
Euronav N.V.(a) | 1,130,272 | 9,362,091 | ||||||
EVS Broadcast Equipment S.A. | 52,160 | 1,683,911 | ||||||
Exmar N.V.*(a) | 195,527 | 1,262,462 | ||||||
Ion Beam Applications(a) | 16,966 | 341,988 | ||||||
Orange Belgium S.A. | 148,093 | 3,027,038 | ||||||
Recticel S.A. | 160,641 | 2,011,206 | ||||||
Warehouses De Pauw CVA | 63,384 | 7,873,237 | ||||||
|
| |||||||
Total Belgium | 28,788,445 | |||||||
Denmark – 2.3% | ||||||||
Alm Brand A/S | 413,503 | 4,195,818 | ||||||
Matas A/S | 220,864 | 2,383,228 | ||||||
NNIT A/S(b) | 52,149 | 1,488,521 | ||||||
Per Aarsleff Holding A/S | 57,090 | 2,133,493 | ||||||
Ringkjoebing Landbobank A/S | 42,729 | 2,340,581 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 316,645 | 5,563,974 | ||||||
SimCorp A/S | 60,133 | 4,165,030 | ||||||
Spar Nord Bank A/S | 461,749 | 5,477,694 | ||||||
|
| |||||||
Total Denmark | 27,748,339 | |||||||
Finland – 4.9% | ||||||||
Aktia Bank Oyj | 145,831 | 1,646,436 | ||||||
CapMan Oyj Class B | 779,018 | 1,379,629 | ||||||
Cramo Oyj | 116,620 | 2,431,056 | ||||||
DNA Oyj | 359,775 | 7,800,736 | ||||||
F-Secure Oyj | 246,680 | 1,108,852 | ||||||
Finnair Oyj | 224,915 | 3,125,713 | ||||||
Kemira Oyj | 453,396 | 5,799,136 | ||||||
Lehto Group Oyj | 89,271 | 1,282,347 | ||||||
Oriola Oyj Class B(a) | 465,127 | 1,407,210 | ||||||
Raisio Oyj Class V(a) | 597,926 | 2,662,002 | ||||||
Ramirent Oyj | 217,426 | 1,790,253 | ||||||
Sanoma Oyj | 375,876 | 4,403,134 | ||||||
Technopolis Oyj(a) | 534,099 | 2,410,683 | ||||||
Tieto Oyj(a) | 329,139 | 10,961,760 | ||||||
Tikkurila Oyj(a) | 177,190 | 3,403,867 | ||||||
Tokmanni Group Corp.(a) | 256,101 | 2,089,799 | ||||||
Uponor Oyj | 202,771 | 3,384,060 | ||||||
YIT Oyj(a) | 339,349 | 2,837,970 | ||||||
|
| |||||||
Total Finland | 59,924,643 | |||||||
France – 4.0% | ||||||||
Albioma S.A. | 95,965 | 2,273,115 | ||||||
Beneteau S.A. | 49,472 | 1,074,490 | ||||||
Bourbon Corp.(a) | 36,365 | 212,884 | ||||||
Chargeurs S.A. | 53,185 | 1,551,516 | ||||||
Chargeurs S.A.* | 461 | 12,473 | ||||||
Coface S.A. | 243,886 | 2,786,473 | ||||||
Europcar Groupe S.A.(b) | 438,234 | 4,866,829 | ||||||
Gaztransport Et Technigaz S.A. | 161,502 | 10,109,926 | ||||||
Haulotte Group S.A. | 47,782 | 983,721 | ||||||
IPSOS | 102,301 | 4,016,013 | ||||||
Jacquet Metal Service | 37,561 | 1,355,806 | ||||||
Kaufman & Broad S.A. | 89,146 | 4,683,661 | ||||||
Lectra | 35,456 | 1,000,748 | ||||||
Manitou BF S.A. | 53,433 | 2,267,154 | ||||||
Mersen S.A. | 36,051 | 1,638,265 | ||||||
Neopost S.A. | 131,316 | 3,456,079 | ||||||
Oeneo S.A. | 108,248 | 1,352,589 | ||||||
Rallye S.A.(a) | 315,071 | 4,727,381 | ||||||
|
| |||||||
Total France | 48,369,123 | |||||||
Germany – 10.3% | ||||||||
alstria office REIT-AG | 599,796 | 9,390,404 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA(a) | 219,376 | 15,270,661 | ||||||
BayWa AG | 49,230 | 1,734,630 | ||||||
Bertrandt AG | 30,469 | 3,471,810 | ||||||
bet-at-home.com AG | 11,142 | 939,340 | ||||||
Bilfinger SE | 128,273 | 5,836,994 | ||||||
CANCOM SE | 16,503 | 1,697,779 | ||||||
Cewe Stiftung & Co. KGaA | 20,081 | 1,973,261 | ||||||
CropEnergies AG | 120,680 | 768,807 | ||||||
Deutz AG | 99,608 | 912,647 | ||||||
Elmos Semiconductor AG | 32,861 | 1,006,311 | ||||||
ElringKlinger AG(a) | 158,734 | 2,955,617 | ||||||
Encavis AG | 400,168 | 3,154,661 | ||||||
Gerry Weber International AG | 74,999 | 723,142 | ||||||
GFT Technologies SE(a) | 40,621 | 649,950 | ||||||
Grammer AG | 29,311 | 1,836,653 | ||||||
Hamburger Hafen und Logistik AG | 189,059 | 4,243,386 | ||||||
Indus Holding AG | 50,697 | 3,547,700 | ||||||
Jenoptik AG | 59,716 | 2,109,247 | ||||||
Kloeckner & Co. SE | 205,882 | 2,582,682 | ||||||
Koenig & Bauer AG | 12,671 | 1,161,745 | ||||||
Leoni AG | 33,686 | 2,150,980 | ||||||
MLP SE | 166,390 | 1,009,873 | ||||||
NORMA Group SE | 58,610 | 4,382,557 | ||||||
Pfeiffer Vacuum Technology AG | 25,466 | 3,955,637 | ||||||
RHOEN-KLINIKUM AG | 78,451 | 2,641,704 | ||||||
RIB Software SE | 50,242 | 1,068,352 | ||||||
Salzgitter AG | 51,349 | 2,623,317 | ||||||
Sixt SE | 82,440 | 8,927,290 | ||||||
SMA Solar Technology AG | 31,932 | 1,805,707 | ||||||
Takkt AG | 108,023 | 2,457,765 | ||||||
TLG Immobilien AG | 316,903 | 8,691,275 | ||||||
VERBIO Vereinigte BioEnergie AG | 101,365 | 532,314 | ||||||
VTG AG(a) | 61,673 | 3,485,242 | ||||||
Wacker Neuson SE | 163,196 | 5,647,886 |
See Notes to Financial Statements.
42 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2018
Investments | Shares | Value | ||||||
Washtec AG | 37,071 | $ | 3,528,804 | |||||
Wuestenrot & Wuerttembergische AG | 244,728 | 5,772,774 | ||||||
Zeal Network SE | 49,205 | 1,579,436 | ||||||
|
| |||||||
Total Germany | 126,228,340 | |||||||
Ireland – 1.6% | ||||||||
C&C Group PLC | 1,255,165 | 4,106,150 | ||||||
Greencore Group PLC(a) | 1,181,666 | 2,197,203 | ||||||
Hostelworld Group PLC(b) | 334,706 | 1,793,588 | ||||||
IFG Group PLC(a) | 375,325 | 964,731 | ||||||
Irish Continental Group PLC | 387,030 | 2,722,657 | ||||||
Origin Enterprises PLC | 350,080 | 2,303,421 | ||||||
Total Produce PLC | 497,117 | 1,467,311 | ||||||
UDG Healthcare PLC | 317,232 | 3,862,713 | ||||||
|
| |||||||
Total Ireland | 19,417,774 | |||||||
Italy – 11.5% | ||||||||
Anima Holding SpA(b) | 1,147,050 | 7,772,957 | ||||||
Ascopiave SpA | 729,983 | 2,926,730 | ||||||
Astaldi SpA(a) | 310,480 | 845,403 | ||||||
ASTM SpA | 262,475 | 6,601,362 | ||||||
Banca IFIS SpA | 118,855 | 4,572,319 | ||||||
Banca Popolare di Sondrio SCPA | 672,216 | 2,660,401 | ||||||
Banca Sistema SpA(a)(b) | 309,071 | 851,449 | ||||||
Biesse SpA | 26,046 | 1,543,975 | ||||||
Brunello Cucinelli SpA | 55,596 | 1,743,557 | ||||||
Cairo Communication SpA | 187,787 | 842,967 | ||||||
Cementir Holding SpA | 297,262 | 2,577,394 | ||||||
Cerved Information Solutions SpA | 477,278 | 5,946,113 | ||||||
CIR-Compagnie Industriali Riunite SpA | 2,191,105 | 2,899,531 | ||||||
Cofide SpA | 1,510,292 | 905,499 | ||||||
Datalogic SpA | 74,360 | 2,327,445 | ||||||
Ei Towers SpA | 92,422 | 5,177,452 | ||||||
El.En. SpA | 22,605 | 900,745 | ||||||
Enav SpA(b) | 2,331,257 | 12,426,000 | ||||||
ePrice SpA(a) | 173,864 | 436,206 | ||||||
ERG SpA | 554,890 | 13,225,527 | ||||||
Esprinet SpA | 125,936 | 673,739 | ||||||
Falck Renewables SpA | 1,134,071 | 2,928,949 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 458,496 | 4,278,733 | ||||||
Italmobiliare SpA | 91,071 | 2,559,285 | ||||||
La Doria SpA | 91,808 | 1,386,536 | ||||||
Maire Tecnimont SpA(a) | 635,534 | 3,267,137 | ||||||
MARR SpA | 199,687 | 5,928,425 | ||||||
OVS SpA(b) | 534,937 | 3,277,620 | ||||||
Piaggio & C. SpA | 916,573 | 2,543,071 | ||||||
RAI Way SpA(b) | 662,405 | 3,670,039 | ||||||
SAES Getters SpA | 49,945 | 1,363,632 | ||||||
Salini Impregilo SpA(a) | 847,643 | 2,512,363 | ||||||
Saras SpA | 3,968,979 | 8,703,270 | ||||||
Societa Cattolica di Assicurazioni SC | 736,211 | 7,831,964 | ||||||
Technogym SpA(b) | 180,195 | 2,127,484 | ||||||
Tod’s SpA(a) | 87,390 | 6,341,121 | ||||||
Vittoria Assicurazioni SpA | 112,646 | 1,679,077 | ||||||
Zignago Vetro SpA | 288,714 | 2,947,123 | ||||||
|
| |||||||
Total Italy | 141,202,600 | |||||||
Netherlands – 5.6% | ||||||||
Accell Group | 59,360 | 1,293,630 | ||||||
AMG Advanced Metallurgical Group N.V. | 25,885 | 1,153,689 | ||||||
Amsterdam Commodities N.V. | 66,841 | 1,750,954 | ||||||
Arcadis N.V. | 223,643 | 4,387,007 | ||||||
BE Semiconductor Industries N.V. | 106,847 | 10,913,254 | ||||||
Beter Bed Holding N.V.(a) | 106,339 | 1,217,572 | ||||||
BinckBank N.V. | 266,740 | 1,520,513 | ||||||
Brunel International N.V. | 148,707 | 2,723,193 | ||||||
Corbion N.V. | 199,400 | 6,037,616 | ||||||
Flow Traders(b) | 216,152 | 9,203,195 | ||||||
ForFarmers N.V. | 237,667 | 3,314,624 | ||||||
Intertrust N.V.(b) | 236,466 | 4,897,372 | ||||||
Koninklijke BAM Groep N.V.(a) | 475,259 | 2,211,738 | ||||||
PostNL N.V. | 1,149,504 | 4,300,530 | ||||||
Rhi Magnesita N.V.* | 84,552 | 5,218,820 | ||||||
SIF Holding N.V.(a) | 48,679 | 1,136,293 | ||||||
TKH Group N.V. CVA | 98,343 | 6,289,253 | ||||||
Wessanen | 74,359 | 1,487,899 | ||||||
|
| |||||||
Total Netherlands | 69,057,152 | |||||||
Norway – 8.1% | ||||||||
ABG Sundal Collier Holding ASA | 3,753,186 | 3,040,430 | ||||||
Arcus ASA(b) | 209,833 | 1,175,992 | ||||||
Atea ASA* | 573,945 | 9,298,977 | ||||||
Austevoll Seafood ASA | 699,692 | 6,996,073 | ||||||
Borregaard ASA | 378,643 | 3,568,942 | ||||||
Ekornes ASA | 95,436 | 1,337,158 | ||||||
Entra ASA(b) | 378,690 | 5,151,490 | ||||||
Europris ASA(b) | 1,088,142 | 3,492,721 | ||||||
Grieg Seafood ASA | 699,710 | 6,434,770 | ||||||
Kongsberg Gruppen ASA | 199,352 | 4,804,183 | ||||||
Norway Royal Salmon ASA | 250,912 | 5,139,079 | ||||||
Protector Forsikring ASA(a) | 290,377 | 3,136,432 | ||||||
Sbanken ASA(a)(b) | 227,698 | 2,134,592 | ||||||
Scatec Solar ASA(a)(b) | 228,061 | 1,331,889 | ||||||
Selvaag Bolig ASA | 291,108 | 1,407,161 | ||||||
SpareBank 1 Nord Norge | 405,321 | 3,200,874 | ||||||
SpareBank 1 SMN | 541,888 | 5,583,877 | ||||||
SpareBank 1 SR-Bank ASA | 762,950 | 8,376,858 | ||||||
Sparebanken Vest | 264,517 | 1,731,787 | ||||||
TGS Nopec Geophysical Co. ASA | 296,429 | 7,224,818 | ||||||
Tomra Systems ASA | 346,766 | 7,243,661 | ||||||
Veidekke ASA | 302,459 | 3,378,655 | ||||||
XXL ASA(b) | 369,723 | 3,786,259 | ||||||
|
| |||||||
Total Norway | 98,976,678 | |||||||
Portugal – 3.7% | ||||||||
Altri, SGPS, S.A. | 936,954 | 6,245,538 | ||||||
Corticeira Amorim, SGPS, S.A.(a) | 177,712 | 2,273,016 | ||||||
CTT-Correios de Portugal S.A.(a) | 1,186,182 | 4,563,209 | ||||||
Mota-Engil, SGPS, S.A. | 1,196,575 | 4,812,159 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2018
Investments | Shares | Value | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 3,535,306 | $ | 10,904,527 | |||||
Semapa-Sociedade de Investimento e Gestao | 161,430 | 3,676,864 | ||||||
Sonae Capital, SGPS, S.A. | 1,803,024 | 2,057,793 | ||||||
Sonae, SGPS, S.A. | 7,860,027 | 10,584,990 | ||||||
|
| |||||||
Total Portugal | 45,118,096 | |||||||
Spain – 3.3% | ||||||||
Applus Services S.A. | 165,883 | 2,158,439 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 47,986 | 2,478,655 | ||||||
Elecnor S.A. | 125,158 | 2,093,389 | ||||||
Ence Energia y Celulosa S.A. | 528,284 | 3,976,227 | ||||||
Euskaltel S.A.(b) | 216,129 | 1,800,838 | ||||||
Faes Farma S.A. | 940,623 | 3,435,772 | ||||||
Fluidra S.A. | 161,993 | 2,753,320 | ||||||
Obrascon Huarte Lain S.A.*(a) | 462,468 | 1,969,638 | ||||||
Papeles y Cartones de Europa S.A. | 258,002 | 4,493,023 | ||||||
Saeta Yield S.A. | 548,226 | 8,212,194 | ||||||
Tecnicas Reunidas S.A.(a) | 216,439 | 6,385,841 | ||||||
|
| |||||||
Total Spain | 39,757,336 | |||||||
Sweden – 11.4% | ||||||||
Acando AB | 456,469 | 1,613,350 | ||||||
AddTech AB Class B | 107,583 | 2,158,134 | ||||||
AF AB Class B | 177,928 | 3,870,956 | ||||||
Alimak Group AB(b) | 62,730 | 951,272 | ||||||
Attendo AB(b) | 168,236 | 1,579,950 | ||||||
Avanza Bank Holding AB(a) | 82,837 | 4,354,116 | ||||||
Bergman & Beving AB | 69,250 | 700,372 | ||||||
Betsson AB* | 701,098 | 5,284,103 | ||||||
Bilia AB Class A | 466,799 | 4,124,651 | ||||||
BioGaia AB Class B | 32,804 | 1,649,052 | ||||||
Biotage AB | 127,716 | 1,088,853 | ||||||
Bonava AB Class B | 98,885 | 1,353,133 | ||||||
Bravida Holding AB(b) | 393,739 | 2,806,780 | ||||||
Bufab AB | 90,181 | 1,160,805 | ||||||
Bulten AB | 77,598 | 1,037,753 | ||||||
Byggmax Group AB(a) | 205,037 | 1,016,029 | ||||||
Capio AB(b) | 224,774 | 1,135,304 | ||||||
Clas Ohlson AB Class B | 192,831 | 2,079,171 | ||||||
Cloetta AB Class B | 545,490 | 2,072,586 | ||||||
Com Hem Holding AB | 299,500 | 4,835,029 | ||||||
Coor Service Management Holding AB(b) | 364,270 | 2,909,880 | ||||||
Duni AB | 79,190 | 1,093,084 | ||||||
Dustin Group AB(b) | 224,799 | 1,986,331 | ||||||
Evolution Gaming Group AB(b) | 36,173 | 1,975,633 | ||||||
Granges AB | 208,060 | 2,433,428 | ||||||
Gunnebo AB | 211,985 | 784,680 | ||||||
Hemfosa Fastigheter AB | 663,572 | 8,026,442 | ||||||
HIQ International AB* | 257,034 | 2,194,432 | ||||||
Inwido AB | 148,885 | 1,326,219 | ||||||
ITAB Shop Concept AB Class B(a) | 133,196 | 574,148 | ||||||
KappAhl AB | 221,243 | 676,293 | ||||||
KNOW IT AB | 57,759 | 1,158,656 | ||||||
Kungsleden AB | 754,507 | 5,022,659 | ||||||
Lagercrantz Group AB Class B | 117,146 | 1,167,991 | ||||||
LeoVegas AB(b) | 168,221 | 1,428,155 | ||||||
Lindab International AB | 119,792 | 902,574 | ||||||
Mekonomen AB(a) | 124,916 | 2,126,979 | ||||||
Modern Times Group MTG AB Class B | 234,350 | 9,480,558 | ||||||
MQ Holding AB(a) | 245,875 | 438,622 | ||||||
Mycronic AB(a) | 237,147 | 3,024,227 | ||||||
NetEnt AB* | 609,921 | 3,054,412 | ||||||
Nobia AB | 552,094 | 4,954,132 | ||||||
Nobina AB(b) | 488,657 | 3,142,067 | ||||||
Nolato AB Class B | 59,149 | 4,301,206 | ||||||
Nordic Waterproofing Holding A/S(b) | 89,497 | 766,219 | ||||||
NP3 Fastigheter AB | 192,795 | 1,362,834 | ||||||
Paradox Interactive AB | 135,796 | 2,036,583 | ||||||
Platzer Fastigheter Holding AB Class B | 156,016 | 976,171 | ||||||
Pricer AB Class B(a) | 656,775 | 660,320 | ||||||
Ratos AB Class B | 986,621 | 3,833,482 | ||||||
Resurs Holding AB(a)(b) | 1,010,899 | 7,121,727 | ||||||
Rottneros AB | 800,293 | 718,609 | ||||||
Scandi Standard AB | 170,743 | 1,170,255 | ||||||
Scandic Hotels Group AB(b) | 262,516 | 2,506,108 | ||||||
Systemair AB | 47,238 | 609,173 | ||||||
Thule Group AB(b) | 168,674 | 3,637,403 | ||||||
Wihlborgs Fastigheter AB | 227,123 | 5,244,972 | ||||||
|
| |||||||
Total Sweden | 139,698,063 | |||||||
Switzerland – 4.3% | ||||||||
Ascom Holding AG Registered Shares | 150,359 | 3,187,435 | ||||||
Bobst Group S.A. Registered Shares | 25,757 | 2,843,061 | ||||||
Daetwyler Holding AG Bearer Shares | 16,682 | 3,181,008 | ||||||
EFG International AG* | 910,251 | 7,271,742 | ||||||
GAM Holding AG* | 737,055 | 12,353,522 | ||||||
Implenia AG Registered Shares* | 48,597 | 3,844,217 | ||||||
Kudelski S.A. Bearer Shares(a) | 108,441 | 1,132,425 | ||||||
Mobilezone Holding AG Registered Shares(a) | 115,208 | 1,474,990 | ||||||
Oriflame Holding AG | 156,663 | 7,482,591 | ||||||
Tecan Group AG Registered Shares | 11,544 | 2,437,549 | ||||||
u-blox Holding AG* | 7,121 | 1,279,043 | ||||||
Valiant Holding AG Registered Shares | 44,840 | 5,300,635 | ||||||
Zehnder Group AG | 31,061 | 1,428,819 | ||||||
|
| |||||||
Total Switzerland | 53,217,037 | |||||||
United Kingdom – 24.4% | ||||||||
A.G. Barr PLC | 158,578 | 1,461,518 | ||||||
AA PLC | 1,443,087 | 1,629,612 | ||||||
Abcam PLC | 120,939 | 2,102,004 | ||||||
Ascential PLC | 326,111 | 1,906,729 | ||||||
AVEVA Group PLC | 76,134 | 2,040,963 | ||||||
BCA Marketplace PLC | 1,351,187 | 3,070,621 | ||||||
BGEO Group PLC | 49,760 | 2,482,206 | ||||||
Big Yellow Group PLC | 347,640 | 4,159,820 | ||||||
Bodycote PLC | 229,439 | 2,880,620 | ||||||
Bovis Homes Group PLC | 370,365 | 5,917,652 | ||||||
Brewin Dolphin Holdings PLC | 681,462 | 3,296,132 | ||||||
Card Factory PLC | 1,489,375 | 3,950,857 |
See Notes to Financial Statements.
44 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2018
Investments | Shares | Value | ||||||
Central Asia Metals PLC | 477,833 | $ | 2,138,270 | |||||
Chesnara PLC | 394,784 | 2,159,832 | ||||||
Cineworld Group PLC | 932,786 | 3,085,472 | ||||||
Clarkson PLC | 43,727 | 1,852,475 | ||||||
Clinigen Group PLC* | 48,436 | 606,079 | ||||||
CMC Markets PLC(b) | 961,643 | 2,282,496 | ||||||
Coats Group PLC | 1,099,767 | 1,181,749 | ||||||
Computacenter PLC | 177,386 | 2,856,650 | ||||||
Concentric AB | 107,201 | 1,881,663 | ||||||
Connect Group PLC | 1,100,621 | 864,613 | ||||||
Consort Medical PLC | 82,047 | 1,289,070 | ||||||
Costain Group PLC | 218,671 | 1,424,862 | ||||||
Countryside Properties PLC(b) | 585,220 | 2,576,130 | ||||||
Cranswick PLC | 47,391 | 1,890,694 | ||||||
Crest Nicholson Holdings PLC | 666,568 | 4,248,920 | ||||||
Dairy Crest Group PLC | 317,253 | 2,278,618 | ||||||
De La Rue PLC | 226,215 | 1,615,232 | ||||||
Debenhams PLC(a) | 6,559,364 | 1,921,268 | ||||||
Dechra Pharmaceuticals PLC | 68,644 | 2,530,601 | ||||||
Devro PLC | 358,697 | 986,233 | ||||||
DFS Furniture PLC | 532,942 | 1,377,100 | ||||||
Diploma PLC | 146,093 | 2,338,357 | ||||||
Domino’s Pizza Group PLC | 734,627 | 3,405,917 | ||||||
Dunelm Group PLC | 498,689 | 3,686,686 | ||||||
Elementis PLC | 1,181,493 | 4,895,955 | ||||||
EMIS Group PLC | 110,569 | 1,259,462 | ||||||
Epwin Group PLC | 584,213 | 643,744 | ||||||
Equiniti Group PLC(b) | 494,165 | 2,069,246 | ||||||
Essentra PLC | 522,252 | 3,104,823 | ||||||
esure Group PLC | 1,136,957 | 3,451,414 | ||||||
Euromoney Institutional Investor PLC | 108,645 | 1,865,464 | ||||||
FDM Group Holdings PLC | 165,951 | 2,374,520 | ||||||
Ferrexpo PLC | 434,528 | 1,489,145 | ||||||
Fidessa Group PLC | 81,369 | 4,183,393 | ||||||
Galliford Try PLC | 350,249 | 4,102,600 | ||||||
Games Workshop Group PLC | 105,395 | 3,407,899 | ||||||
Genus PLC | 50,746 | 1,658,645 | ||||||
Go-Ahead Group PLC | 140,626 | 3,460,118 | ||||||
Greggs PLC | 187,566 | 3,233,715 | ||||||
Halfords Group PLC | 575,927 | 2,633,788 | ||||||
Hastings Group Holdings PLC(b) | 1,130,241 | 4,147,673 | ||||||
Headlam Group PLC | 56,552 | 353,024 | ||||||
Helical PLC | 225,177 | 1,020,287 | ||||||
Hill & Smith Holdings PLC | 98,379 | 1,834,101 | ||||||
Hilton Food Group PLC | 127,701 | 1,486,853 | ||||||
Ibstock PLC(b) | 749,522 | 2,965,031 | ||||||
ITE Group PLC | 508,183 | 1,113,517 | ||||||
J D Wetherspoon PLC | 82,482 | 1,317,888 | ||||||
James Fisher & Sons PLC | 46,868 | 1,033,534 | ||||||
James Halstead PLC(a) | 215,983 | 1,257,371 | ||||||
John Laing Group PLC(b) | 636,344 | 2,404,835 | ||||||
John Menzies PLC | 147,286 | 1,297,528 | ||||||
Johnson Service Group PLC | 624,569 | 1,186,301 | ||||||
Just Group PLC | 1,429,374 | 2,730,981 | ||||||
Kcom Group PLC | 2,226,922 | 2,877,136 | ||||||
Keller Group PLC | 149,194 | 1,820,817 | ||||||
Kier Group PLC | 314,456 | 4,122,256 | ||||||
Lookers PLC | 738,609 | 903,497 | ||||||
Low & Bonar PLC | 655,820 | 515,191 | ||||||
Marshalls PLC | 349,557 | 2,050,679 | ||||||
Marston’s PLC | 2,087,663 | 2,954,931 | ||||||
McCarthy & Stone PLC(b) | 928,653 | 1,882,422 | ||||||
McColl’s Retail Group PLC | 273,202 | 862,307 | ||||||
Mears Group PLC | 194,869 | 907,563 | ||||||
Millennium & Copthorne Hotels PLC | 324,179 | 2,442,052 | ||||||
Mitchells & Butlers PLC | 792,535 | 2,772,750 | ||||||
Morgan Advanced Materials PLC | 711,181 | 3,176,501 | ||||||
Morgan Sindall Group PLC | 73,262 | 1,202,432 | ||||||
N Brown Group PLC | 801,705 | 1,984,975 | ||||||
NCC Group PLC | 498,177 | 1,314,523 | ||||||
Northgate PLC | 222,842 | 1,055,972 | ||||||
Numis Corp. PLC | 336,233 | 1,721,587 | ||||||
OneSavings Bank PLC | 343,374 | 1,796,685 | ||||||
Pagegroup PLC | 743,564 | 5,596,079 | ||||||
Pan African Resources PLC | 7,730,712 | 777,561 | ||||||
PayPoint PLC | 210,549 | 2,356,958 | ||||||
Pendragon PLC | 3,477,679 | 1,131,809 | ||||||
Pets at Home Group PLC(a) | 1,389,091 | 3,293,162 | ||||||
Photo-Me International PLC | 1,158,756 | 2,675,578 | ||||||
Polar Capital Holdings PLC | 218,959 | 1,578,780 | ||||||
Polypipe Group PLC | 283,305 | 1,383,022 | ||||||
PZ Cussons PLC | 634,700 | 2,035,356 | ||||||
Rank Group PLC | 474,272 | 1,373,863 | ||||||
Redde PLC | 1,148,774 | 2,710,543 | ||||||
Renewi PLC | 1,511,566 | 1,590,319 | ||||||
Restaurant Group PLC (The)(a) | 536,086 | 1,908,630 | ||||||
Ricardo PLC | 101,635 | 1,305,974 | ||||||
RPS Group PLC | 451,632 | 1,615,551 | ||||||
RWS Holdings PLC | 209,162 | 1,296,883 | ||||||
Safestore Holdings PLC | 370,006 | 2,548,508 | ||||||
Savills PLC | 274,235 | 3,775,800 | ||||||
Senior PLC | 637,883 | 2,689,836 | ||||||
SIG PLC | 806,429 | 1,530,593 | ||||||
Soco International PLC | 771,429 | 993,423 | ||||||
Softcat PLC | 186,521 | 1,784,464 | ||||||
Spire Healthcare Group PLC(b) | 264,555 | 776,378 | ||||||
Spirent Communications PLC | 909,201 | 1,471,843 | ||||||
St. Modwen Properties PLC | 274,872 | 1,493,777 | ||||||
Stagecoach Group PLC | 1,992,174 | 3,688,901 | ||||||
SThree PLC | 272,259 | 1,233,618 | ||||||
Stock Spirits Group PLC | 508,030 | 1,770,971 | ||||||
Superdry PLC | 141,250 | 3,093,051 | ||||||
Synthomer PLC | 466,110 | 3,135,908 | ||||||
TalkTalk Telecom Group PLC(a) | 4,946,368 | 8,035,090 | ||||||
TBC Bank Group PLC | 69,408 | 1,791,526 | ||||||
Ted Baker PLC | 59,688 | 2,093,258 | ||||||
Telecom Plus PLC | 178,209 | 3,054,897 | ||||||
Trinity Mirror PLC | 712,541 | 794,644 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 45 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2018
Investments | Shares | Value | ||||||
TT electronics PLC | 354,782 | $ | 990,400 | |||||
Tyman PLC | 315,337 | 1,318,217 | ||||||
Ultra Electronics Holdings PLC | 100,575 | 1,951,228 | ||||||
Unite Group PLC (The) | 415,367 | 4,611,887 | ||||||
Vedanta Resources PLC | 979,038 | 9,712,646 | ||||||
Vesuvius PLC | 457,915 | 3,748,189 | ||||||
Victrex PLC | 132,459 | 4,771,690 | ||||||
Virgin Money Holdings UK PLC | 449,121 | 1,655,711 | ||||||
ZPG PLC(b) | 430,114 | 2,027,303 | ||||||
|
| |||||||
Total United Kingdom | 298,898,677 | |||||||
TOTAL COMMON STOCKS (Cost: $1,100,999,504) | 1,208,899,195 | |||||||
RIGHTS – 0.1% | ||||||||
Italy – 0.1% | ||||||||
Anima Holding SpA, expiring 4/12/18* | 1,147,050 | 437,317 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA, expiring 4/13/18* | 458,496 | 487,532 | ||||||
|
| |||||||
Total Italy | 924,849 | |||||||
United Kingdom – 0.0% | ||||||||
Galliford Try PLC, expiring 4/13/18* | 116,750 | 458,574 | ||||||
TOTAL RIGHTS (Cost: $0) | 1,383,423 | |||||||
EXCHANGE-TRADED FUND – 0.4% | ||||||||
United States – 0.4% | ||||||||
WisdomTree International MidCap Dividend Fund(c) (Cost: $5,273,897) | 76,220 | 5,240,125 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.7% | ||||||||
United States – 4.7% | ||||||||
State Street Navigator Securities Lending |
| |||||||
(Cost: $57,256,757)(e) | 57,256,757 | 57,256,757 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 104.0% (Cost: $1,163,530,158) |
| 1,272,779,500 | ||||||
Other Assets less Liabilities – (4.0)% | (48,697,206 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,224,082,294 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $72,078,311 and the total market value of the collateral held by the Fund was $76,358,964. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $19,102,207. |
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 | |||||||||||||||||||||||
State Street Bank and Trust | 4/3/2018 | 1,489,800 | NOK | 154,451 | EUR | $ | — | $ | (191 | ) | ||||||||||||||||||
State Street Bank and Trust | 4/3/2018 | 2,688,865 | USD | 22,452,400 | SEK | 7,917 | — | |||||||||||||||||||||
$ | 7,917 | $ | (191 | ) |
CURRENCY LEGEND |
NOK – Norwegian krone
SEK – Swedish krona
USD – U.S. dollar
See Notes to Financial Statements.
46 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree Germany Hedged Equity Fund (DXGE)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.4% | ||||||||
Germany – 99.4% | ||||||||
Aerospace & Defense – 0.7% | ||||||||
MTU Aero Engines AG | 3,636 | $ | 611,734 | |||||
Air Freight & Logistics – 4.0% | ||||||||
Deutsche Post AG Registered Shares | 83,887 | 3,664,544 | ||||||
Airlines – 1.3% | ||||||||
Deutsche Lufthansa AG Registered Shares | 37,718 | 1,203,292 | ||||||
Auto Components – 3.6% | ||||||||
Continental AG | 9,062 | 2,499,802 | ||||||
ElringKlinger AG | 3,642 | 67,814 | ||||||
Hella GmbH & Co. KGaA | 11,374 | 746,976 | ||||||
Leoni AG | 229 | 14,623 | ||||||
|
| |||||||
Total Auto Components | 3,329,215 | |||||||
Automobiles – 13.7% | ||||||||
Bayerische Motoren Werke AG | 46,916 | 5,086,225 | ||||||
Daimler AG Registered Shares | 64,478 | 5,469,203 | ||||||
Volkswagen AG | 9,628 | 1,925,347 | ||||||
|
| |||||||
Total Automobiles | 12,480,775 | |||||||
Capital Markets – 3.2% | ||||||||
AURELIUS Equity Opportunities SE & Co. KGaA | 7,998 | 556,737 | ||||||
Deutsche Bank AG Registered Shares | 59,465 | 828,305 | ||||||
Deutsche Boerse AG | 11,427 | 1,554,317 | ||||||
|
| |||||||
Total Capital Markets | 2,939,359 | |||||||
Chemicals – 12.8% | ||||||||
BASF SE | 49,898 | 5,060,943 | ||||||
Covestro AG(a) | 12,049 | 1,183,403 | ||||||
Evonik Industries AG | 40,111 | 1,412,826 | ||||||
Fuchs Petrolub SE | 6,658 | 338,588 | ||||||
K+S AG Registered Shares | 12,667 | 365,160 | ||||||
LANXESS AG | 4,851 | 371,086 | ||||||
Linde AG* | 8,248 | 1,735,605 | ||||||
Symrise AG | 6,356 | 510,915 | ||||||
Wacker Chemie AG | 4,085 | 669,942 | ||||||
|
| |||||||
Total Chemicals | 11,648,468 | |||||||
Commercial Services & Supplies – 0.1% | ||||||||
Bilfinger SE | 2,563 | 116,628 | ||||||
Construction & Engineering – 0.7% | ||||||||
Hochtief AG | 3,342 | 623,511 | ||||||
Construction Materials – 1.0% | ||||||||
HeidelbergCement AG | 9,408 | 923,089 | ||||||
Diversified Telecommunication Services – 4.2% | ||||||||
Deutsche Telekom AG Registered Shares | 236,235 | 3,849,572 | ||||||
Electrical Equipment – 0.5% | ||||||||
OSRAM Licht AG | 6,462 | 474,930 | ||||||
Electronic Equipment, Instruments & Components – 0.0% | ||||||||
Jenoptik AG | 641 | 22,641 | ||||||
Food Products – 0.3% | ||||||||
Suedzucker AG | 16,404 | 278,206 | ||||||
Health Care Equipment & Supplies – 0.1% | ||||||||
Carl Zeiss Meditec AG Bearer Shares | 1,455 | 92,782 | ||||||
Health Care Providers & Services – 1.9% | ||||||||
Fresenius Medical Care AG & Co. KGaA | 8,721 | 890,004 | ||||||
Fresenius SE & Co. KGaA | 10,441 | 796,904 | ||||||
|
| |||||||
Total Health Care Providers & Services | 1,686,908 | |||||||
Health Care Technology – 0.1% | ||||||||
CompuGroup Medical SE | 945 | 51,067 | ||||||
Hotels, Restaurants & Leisure – 1.6% | ||||||||
bet-at-home.com AG | 250 | 21,076 | ||||||
TUI AG | 67,385 | 1,442,413 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 1,463,489 | |||||||
Household Products – 1.2% | ||||||||
Henkel AG & Co. KGaA | 8,766 | 1,102,883 | ||||||
Independent Power & Renewable Electricity Producers – 1.1% | ||||||||
Uniper SE | 33,307 | 1,013,825 | ||||||
Industrial Conglomerates – 5.6% | ||||||||
Indus Holding AG | 1,268 | 88,733 | ||||||
Rheinmetall AG | 5,200 | 737,689 | ||||||
Siemens AG Registered Shares | 33,456 | 4,259,421 | ||||||
|
| |||||||
Total Industrial Conglomerates | 5,085,843 | |||||||
Insurance – 13.6% | ||||||||
Allianz SE Registered Shares | 25,993 | 5,862,840 | ||||||
Hannover Rueck SE | 12,743 | 1,738,023 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 15,827 | 3,675,935 | ||||||
Talanx AG | 26,637 | 1,157,722 | ||||||
|
| |||||||
Total Insurance | 12,434,520 | |||||||
Internet & Catalog Retail – 0.1% | ||||||||
Takkt AG | 2,811 | 63,957 | ||||||
IT Services – 0.2% | ||||||||
Bechtle AG | 1,025 | 82,947 | ||||||
Wirecard AG | 560 | 66,062 | ||||||
|
| |||||||
Total IT Services | 149,009 | |||||||
Life Sciences Tools & Services – 0.1% | ||||||||
Gerresheimer AG | 867 | 71,068 | ||||||
Machinery – 4.2% | ||||||||
DMG MORI AG | 6,860 | 393,154 | ||||||
Duerr AG | 3,657 | 400,913 | ||||||
GEA Group AG | 13,279 | 564,243 | ||||||
KION Group AG | 6,236 | 580,876 | ||||||
Krones AG | 2,445 | 328,964 | ||||||
MAN SE | 10,789 | 1,257,224 | ||||||
NORMA Group SE | 801 | 59,895 | ||||||
Pfeiffer Vacuum Technology AG | 454 | 70,520 | ||||||
Wacker Neuson SE | 2,660 | 92,057 | ||||||
Washtec AG | 805 | 76,628 | ||||||
|
| |||||||
Total Machinery | 3,824,474 | |||||||
Media – 2.9% | ||||||||
Axel Springer SE | 10,629 | 888,902 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Germany Hedged Equity Fund (DXGE)
March 31, 2018
Investments | Shares | Value | ||||||
CTS Eventim AG & Co. KGaA | 9,624 | $ | 450,481 | |||||
ProSiebenSat.1 Media SE | 28,056 | 972,342 | ||||||
Stroeer SE & Co. KGaA | 5,208 | 363,487 | ||||||
|
| |||||||
Total Media | 2,675,212 | |||||||
Metals & Mining – 0.9% | ||||||||
Aurubis AG | 4,976 | 417,856 | ||||||
Salzgitter AG | 907 | 46,337 | ||||||
ThyssenKrupp AG | 14,215 | 370,450 | ||||||
|
| |||||||
Total Metals & Mining | 834,643 | |||||||
Multi-Utilities – 3.8% | ||||||||
E.ON SE | 101,157 | 1,122,160 | ||||||
Innogy SE(a) | 49,325 | 2,333,682 | ||||||
|
| |||||||
Total Multi-Utilities | 3,455,842 | |||||||
Personal Products – 0.8% | ||||||||
Beiersdorf AG | 6,330 | 716,371 | ||||||
Pharmaceuticals – 4.8% | ||||||||
Bayer AG Registered Shares | 32,911 | 3,715,256 | ||||||
Merck KGaA | 4,638 | 444,345 | ||||||
STADA Arzneimittel AG | 1,803 | 185,465 | ||||||
|
| |||||||
Total Pharmaceuticals | 4,345,066 | |||||||
Road & Rail – 0.3% | ||||||||
Sixt SE | 1,633 | 176,835 | ||||||
VTG AG(b) | 919 | 51,934 | ||||||
|
| |||||||
Total Road & Rail | 228,769 | |||||||
Semiconductors & Semiconductor Equipment – 1.0% | ||||||||
Infineon Technologies AG | 35,388 | 946,167 | ||||||
Software – 3.9% | ||||||||
Nemetschek SE | 619 | 69,277 | ||||||
SAP SE | 32,287 | 3,374,004 | ||||||
Software AG | 2,084 | 108,979 | ||||||
|
| |||||||
Total Software | 3,552,260 | |||||||
Specialty Retail – 1.0% | ||||||||
CECONOMY AG | 24,673 | 283,717 | ||||||
Fielmann AG | 7,278 | 588,071 | ||||||
|
| |||||||
Total Specialty Retail | 871,788 | |||||||
Technology Hardware, Storage & Peripherals – 0.3% | ||||||||
Diebold Nixdorf AG* | 3,620 | 299,178 | ||||||
Textiles, Apparel & Luxury Goods – 2.4% | ||||||||
adidas AG | 6,181 | 1,494,875 | ||||||
Hugo Boss AG | 8,362 | 727,697 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 2,222,572 | |||||||
Thrifts & Mortgage Finance – 0.6% | ||||||||
Aareal Bank AG | 12,187 | 580,642 | ||||||
Trading Companies & Distributors – 0.7% | ||||||||
BayWa AG | 1,650 | 58,138 | ||||||
Brenntag AG | 9,741 | 578,633 | ||||||
Kloeckner & Co. SE | 3,622 | 45,436 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 682,207 | |||||||
Transportation Infrastructure – 0.1% | ||||||||
Hamburger Hafen und Logistik AG | 4,119 | 92,450 | ||||||
TOTAL COMMON STOCKS (Cost: $80,854,845) | 90,708,956 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0% | ||||||||
United States – 0.0% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $6,890)(d) | 6,890 | 6,890 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.4% (Cost: $80,861,735) | 90,715,846 | |||||||
Other Assets less Liabilities – 0.6% | 586,490 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 91,302,336 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(b) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $6,555 and the total market value of the collateral held by the Fund was $6,890. |
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. | 4/4/2018 | 15,973,662 | EUR | 19,646,358 | USD | $ | — | $ | (1,143 | ) | ||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 19,979,347 | USD | 16,338,667 | EUR | — | (114,770 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/3/2018 | 18,921,187 | USD | 15,352,536 | EUR | 844 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 19,979,347 | USD | 16,338,948 | EUR | — | (115,115 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 15,974,207 | EUR | 19,646,358 | USD | — | (472 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 19,979,347 | USD | 16,339,148 | EUR | — | (115,362 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/3/2018 | 18,921,187 | USD | 15,353,308 | EUR | — | (108 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 19,979,347 | USD | 16,339,549 | EUR | — | (115,855 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 15,974,116 | EUR | 19,646,358 | USD | — | (584 | ) | ||||||||||||||||||||
Citibank N.A. | 5/3/2018 | 18,921,187 | USD | 15,353,159 | EUR | 76 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 15,974,194 | EUR | 19,646,358 | USD | — | (488 | ) |
See Notes to Financial Statements.
48 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Germany Hedged Equity Fund (DXGE)
March 31, 2018
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 | 5/3/2018 | 18,921,187 | USD | 15,353,458 | EUR | $ | — | $ | (292 | ) | ||||||||||||||||||
Goldman Sachs | 4/4/2018 | 12,170,826 | EUR | 14,968,655 | USD | — | (360 | ) | ||||||||||||||||||||
Goldman Sachs | 5/3/2018 | 14,416,146 | USD | 11,697,524 | EUR | 210 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/4/2018 | 15,222,362 | USD | 12,448,643 | EUR | — | (87,607 | ) | ||||||||||||||||||||
UBS AG | 4/3/2018 | 24,500 | USD | 19,912 | EUR | 11 | — | |||||||||||||||||||||
UBS AG | 4/4/2018 | 1,278,570 | EUR | 1,585,663 | USD | — | (13,213 | ) | ||||||||||||||||||||
$ | 1,141 | $ | (565,369 | ) |
CURRENCY LEGEND |
EUR – Euro
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 49 |
Table of Contents
Schedule of Investments
WisdomTree International Dividend ex-Financials Fund (DOO)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.3% | ||||||||
Australia – 5.7% | ||||||||
BHP Billiton Ltd. | 91,241 | $ | 1,974,316 | |||||
Rio Tinto Ltd. | 39,790 | 2,218,871 | ||||||
Telstra Corp., Ltd. | 1,156,187 | 2,784,719 | ||||||
Wesfarmers Ltd. | 81,602 | 2,601,357 | ||||||
Woodside Petroleum Ltd. | 80,787 | 1,811,935 | ||||||
|
| |||||||
Total Australia | 11,391,198 | |||||||
Austria – 0.8% | ||||||||
OMV AG | 25,647 | 1,491,305 | ||||||
Belgium – 0.9% | ||||||||
Anheuser-Busch InBev S.A. | 16,338 | 1,793,929 | ||||||
China – 1.4% | ||||||||
CNOOC Ltd. | 1,898,000 | 2,795,622 | ||||||
Denmark – 0.8% | ||||||||
Novo Nordisk A/S Class B | 33,702 | 1,654,267 | ||||||
Finland – 2.9% | ||||||||
Kone Oyj Class B | 37,145 | 1,851,524 | ||||||
Nokia Oyj | 247,045 | 1,362,670 | ||||||
UPM-Kymmene Oyj | 69,957 | 2,589,703 | ||||||
|
| |||||||
Total Finland | 5,803,897 | |||||||
France – 13.7% | ||||||||
Air Liquide S.A. | 11,531 | 1,410,766 | ||||||
Bouygues S.A. | 52,060 | 2,606,499 | ||||||
Capgemini SE | 8,438 | 1,050,201 | ||||||
Carrefour S.A. | 62,299 | 1,291,021 | ||||||
Cie Generale des Etablissements Michelin SCA | 11,768 | 1,735,299 | ||||||
Electricite de France S.A. | 393,717 | 5,694,345 | ||||||
Engie S.A. | 251,681 | 4,195,679 | ||||||
Orange S.A. | 120,458 | 2,042,183 | ||||||
Renault S.A. | 21,525 | 2,607,544 | ||||||
Sanofi | 18,545 | 1,490,019 | ||||||
TOTAL S.A. | 54,370 | 3,084,573 | ||||||
|
| |||||||
Total France | 27,208,129 | |||||||
Germany – 7.7% | ||||||||
BASF SE | 19,643 | 1,992,306 | ||||||
Bayerische Motoren Werke AG | 23,690 | 2,568,264 | ||||||
Daimler AG Registered Shares | 36,516 | 3,097,389 | ||||||
Evonik Industries AG | 59,053 | 2,080,019 | ||||||
Innogy SE(a) | 58,487 | 2,767,157 | ||||||
Telefonica Deutschland Holding AG | 607,943 | 2,853,143 | ||||||
|
| |||||||
Total Germany | 15,358,278 | |||||||
Italy – 5.8% | ||||||||
Atlantia SpA | 72,095 | 2,229,952 | ||||||
Enel SpA | 509,622 | 3,114,991 | ||||||
Eni SpA | 193,851 | 3,406,370 | ||||||
Snam SpA | 584,720 | 2,684,468 | ||||||
|
| |||||||
Total Italy | 11,435,781 | |||||||
Japan – 17.3% | ||||||||
Bridgestone Corp. | 36,800 | 1,600,030 | ||||||
Canon, Inc. | 59,700 | 2,162,897 | ||||||
Daiichi Sankyo Co., Ltd. | 70,600 | 2,340,720 | ||||||
Eisai Co., Ltd.(b) | 25,300 | 1,613,157 | ||||||
FUJIFILM Holdings Corp. | 26,000 | 1,037,800 | ||||||
Hitachi Ltd. | 169,000 | 1,224,873 | ||||||
Honda Motor Co., Ltd. | 56,900 | 1,958,195 | ||||||
ITOCHU Corp. | 128,200 | 2,491,070 | ||||||
Japan Tobacco, Inc. | 46,100 | 1,329,032 | ||||||
Mitsubishi Corp. | 93,700 | 2,521,574 | ||||||
Mitsui & Co., Ltd. | 143,100 | 2,452,278 | ||||||
Nissan Motor Co., Ltd. | 253,100 | 2,627,385 | ||||||
Subaru Corp. | 61,100 | 2,003,345 | ||||||
Sumitomo Corp. | 144,300 | 2,430,101 | ||||||
Takeda Pharmaceutical Co., Ltd. | 33,200 | 1,618,012 | ||||||
Tokyo Electron Ltd. | 7,900 | 1,486,775 | ||||||
Toyota Motor Corp. | 36,245 | 2,326,019 | ||||||
Yahoo Japan Corp.(b) | 219,000 | 1,017,264 | ||||||
|
| |||||||
Total Japan | 34,240,527 | |||||||
Netherlands – 0.9% | ||||||||
Koninklijke Ahold Delhaize N.V. | 70,804 | 1,675,561 | ||||||
Steinhoff International Holdings N.V.* | 321,183 | 88,482 | ||||||
|
| |||||||
Total Netherlands | 1,764,043 | |||||||
Norway – 4.0% | ||||||||
Statoil ASA | 157,062 | 3,694,012 | ||||||
Telenor ASA | 186,540 | 4,205,552 | ||||||
|
| |||||||
Total Norway | 7,899,564 | |||||||
Singapore – 1.2% | ||||||||
Singapore Telecommunications Ltd. | 905,200 | 2,326,336 | ||||||
Spain – 9.0% | ||||||||
Abertis Infraestructuras S.A. | 130,065 | 2,914,480 | ||||||
Amadeus IT Group S.A. | 16,361 | 1,206,893 | ||||||
Endesa S.A. | 126,985 | 2,793,146 | ||||||
Ferrovial S.A. | 86,661 | 1,808,131 | ||||||
Gas Natural SDG S.A. | 96,342 | 2,297,448 | ||||||
Iberdrola S.A. | 275,095 | 2,020,481 | ||||||
Repsol S.A. | 132,097 | 2,341,855 | ||||||
Telefonica S.A. | 254,158 | 2,509,363 | ||||||
|
| |||||||
Total Spain | 17,891,797 | |||||||
Sweden – 2.1% | ||||||||
Telefonaktiebolaget LM Ericsson Class B(b) | 117,459 | 742,218 | ||||||
Telia Co. AB | 745,065 | 3,488,322 | ||||||
|
| |||||||
Total Sweden | 4,230,540 | |||||||
Switzerland – 6.8% | ||||||||
Givaudan S.A. Registered Shares | 743 | 1,688,354 | ||||||
Kuehne + Nagel International AG Registered Shares | 11,468 | 1,799,959 | ||||||
LafargeHolcim Ltd. Registered Shares* | 31,140 | 1,700,733 | ||||||
Nestle S.A. Registered Shares | 17,848 | 1,409,426 | ||||||
Novartis AG Registered Shares | 22,934 | 1,850,335 | ||||||
Roche Holding AG Genusschein | 6,481 | 1,482,860 | ||||||
STMicroelectronics N.V. | 44,507 | 984,444 | ||||||
Swisscom AG Registered Shares | 5,329 | 2,635,562 | ||||||
|
| |||||||
Total Switzerland | 13,551,673 |
See Notes to Financial Statements.
50 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Dividend ex-Financials Fund (DOO)
March 31, 2018
Investments | Shares | Value | ||||||
United Kingdom – 18.3% | ||||||||
AstraZeneca PLC | 32,208 | $ | 2,211,855 | |||||
BHP Billiton PLC | 123,231 | 2,426,382 | ||||||
BP PLC | 564,368 | 3,794,200 | ||||||
British American Tobacco PLC | 23,220 | 1,345,591 | ||||||
BT Group PLC | 662,370 | 2,113,868 | ||||||
Centrica PLC | 1,243,247 | 2,480,006 | ||||||
GlaxoSmithKline PLC | 116,967 | 2,287,293 | ||||||
Imperial Brands PLC | 50,796 | 1,728,686 | ||||||
National Grid PLC | 168,661 | 1,897,986 | ||||||
Rio Tinto PLC | 55,997 | 2,836,534 | ||||||
Royal Dutch Shell PLC Class A | 141,734 | 4,440,744 | ||||||
SSE PLC | 172,557 | 3,088,723 | ||||||
Unilever N.V. CVA | 24,738 | 1,395,551 | ||||||
Unilever PLC | 25,430 | 1,411,054 | ||||||
Vodafone Group PLC | 1,085,412 | 2,957,225 | ||||||
|
| |||||||
Total United Kingdom | 36,415,698 | |||||||
TOTAL COMMON STOCKS (Cost: $203,166,694) | 197,252,584 | |||||||
EXCHANGE-TRADED FUND – 0.1% | ||||||||
United States – 0.1% | ||||||||
WisdomTree International LargeCap Dividend Fund(b)(c) (Cost: $117,782) | 2,611 | 130,035 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4% | ||||||||
United States – 0.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio,1.74%(d) | ||||||||
(Cost: $931,270)(e) | 931,270 | 931,270 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.8% (Cost: $204,215,746) | 198,313,889 | |||||||
Other Assets less Liabilities – 0.2% | 332,119 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 198,646,008 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(b) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(c) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $1,854,574 and the total market value of the collateral held by the Fund was $1,988,335. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,057,065. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of Montreal | 4/2/2018 | 49,621 | SGD | 37,936 | USD | $ | — | $ | (95 | ) | ||||||||||||||||||
Goldman Sachs | 4/3/2018 | 304,951 | NOK | 28,001 | GBP | — | (436 | ) | ||||||||||||||||||||
$ | — | $ | (531 | ) |
CURRENCY LEGEND |
GBP – British pound
NOK – Norwegian krone
SGD – Singapore dollar
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 51 |
Table of Contents
Schedule of Investments
WisdomTree International Equity Fund (DWM)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.4% | ||||||||
Australia – 6.9% | ||||||||
Adelaide Brighton Ltd.(a) | 89,494 | $ | 426,980 | |||||
AGL Energy Ltd. | 38,584 | 641,638 | ||||||
Alumina Ltd. | 302,300 | 547,235 | ||||||
Amcor Ltd. | 71,867 | 781,129 | ||||||
AMP Ltd. | 238,500 | 912,878 | ||||||
APN Outdoor Group Ltd.(a) | 159,744 | 568,547 | ||||||
Aristocrat Leisure Ltd. | 22,277 | 411,127 | ||||||
ASX Ltd. | 15,382 | 661,439 | ||||||
Aurizon Holdings Ltd. | 188,293 | 610,939 | ||||||
Australia & New Zealand Banking Group Ltd. | 227,793 | 4,693,211 | ||||||
Bank of Queensland Ltd. | 68,922 | 579,418 | ||||||
Bendigo & Adelaide Bank Ltd. | 48,000 | 362,293 | ||||||
BHP Billiton Ltd. | 153,113 | 3,313,133 | ||||||
Boral Ltd. | 65,803 | 375,528 | ||||||
Brambles Ltd. | 81,161 | 621,300 | ||||||
Cabcharge Australia Ltd. | 312,094 | 426,117 | ||||||
Caltex Australia Ltd. | 17,744 | 427,371 | ||||||
carsales.com Ltd. | 43,708 | 452,939 | ||||||
CIMIC Group Ltd. | 15,288 | 521,485 | ||||||
Cleanaway Waste Management Ltd. | 207,715 | 230,229 | ||||||
Coca-Cola Amatil Ltd. | 71,478 | 475,352 | ||||||
Cochlear Ltd. | 3,922 | 546,380 | ||||||
Commonwealth Bank of Australia | 120,726 | 6,696,114 | ||||||
Crown Resorts Ltd. | 72,174 | 702,532 | ||||||
CSL Ltd. | 12,752 | 1,520,620 | ||||||
Flight Centre Travel Group Ltd.(a) | 10,132 | 442,912 | ||||||
Fortescue Metals Group Ltd. | 335,304 | 1,113,654 | ||||||
Harvey Norman Holdings Ltd.(a) | 183,871 | 520,431 | ||||||
Healthscope Ltd. | 224,340 | 332,975 | ||||||
Insurance Australia Group Ltd. | 160,779 | 922,475 | ||||||
IRESS Ltd. | 50,308 | 366,207 | ||||||
JB Hi-Fi Ltd.(a) | 25,402 | 502,898 | ||||||
Link Administration Holdings Ltd. | 71,023 | 454,348 | ||||||
Macquarie Group Ltd. | 26,109 | 2,060,769 | ||||||
Magellan Financial Group Ltd. | 11,624 | 212,562 | ||||||
Medibank Pvt Ltd. | 188,992 | 420,402 | ||||||
National Australia Bank Ltd. | 240,096 | 5,246,879 | ||||||
Newcrest Mining Ltd. | 19,601 | 294,084 | ||||||
Perpetual Ltd. | 9,973 | 356,098 | ||||||
Premier Investments Ltd.(a) | 33,482 | 405,525 | ||||||
Qantas Airways Ltd. | 128,247 | 573,508 | ||||||
QBE Insurance Group Ltd. | 87,966 | 649,778 | ||||||
Ramsay Health Care Ltd. | 8,796 | 420,471 | ||||||
REA Group Ltd. | 8,091 | 491,593 | ||||||
Rio Tinto Ltd. | 27,705 | 1,544,956 | ||||||
Sonic Healthcare Ltd. | 36,007 | 631,927 | ||||||
South32 Ltd. | 226,423 | 559,242 | ||||||
Star Entertainment Grp Ltd. (The) | 110,888 | 449,950 | ||||||
Suncorp Group Ltd. | 104,633 | 1,070,652 | ||||||
Tabcorp Holdings Ltd. | 250,350 | 843,016 | ||||||
Telstra Corp., Ltd. | 1,333,156 | 3,210,955 | ||||||
Treasury Wine Estates Ltd. | 46,877 | 606,235 | ||||||
Wesfarmers Ltd. | 91,355 | 2,912,269 | ||||||
Westpac Banking Corp. | 275,201 | 6,041,479 | ||||||
Woodside Petroleum Ltd. | 46,468 | 1,042,209 | ||||||
Woolworths Group Ltd. | 49,175 | 991,650 | ||||||
|
| |||||||
Total Australia | 63,198,043 | |||||||
Austria – 0.4% | ||||||||
Andritz AG | 10,761 | 600,843 | ||||||
Erste Group Bank AG* | 24,436 | 1,226,147 | ||||||
Oesterreichische Post AG | 14,669 | 728,482 | ||||||
OMV AG | 17,699 | 1,029,150 | ||||||
|
| |||||||
Total Austria | 3,584,622 | |||||||
Belgium – 1.9% | ||||||||
Ageas | 15,451 | 797,341 | ||||||
Anheuser-Busch InBev S.A. | 96,909 | 10,640,710 | ||||||
Bekaert S.A. | 6,063 | 258,147 | ||||||
Euronav N.V.(a) | 90,604 | 750,477 | ||||||
KBC Group N.V. | 23,152 | 2,013,646 | ||||||
Proximus SADP | 28,329 | 879,024 | ||||||
Solvay S.A. | 5,385 | 747,377 | ||||||
UCB S.A. | 6,599 | 537,102 | ||||||
Umicore S.A. | 18,520 | 977,809 | ||||||
|
| |||||||
Total Belgium | 17,601,633 | |||||||
China ��� 2.5% | ||||||||
Beijing Enterprises Holdings Ltd. | 78,000 | 407,477 | ||||||
China Mobile Ltd. | 1,072,481 | 9,832,066 | ||||||
China Overseas Land & Investment Ltd. | 493,175 | 1,712,348 | ||||||
China Power International Development Ltd. | 1,809,866 | 465,824 | ||||||
China Resources Power Holdings Co., Ltd. | 486,000 | 886,755 | ||||||
CITIC Ltd. | 1,232,000 | 1,723,604 | ||||||
CNOOC Ltd. | 2,895,700 | 4,265,165 | ||||||
Fosun International Ltd. | 308,487 | 668,206 | ||||||
Guangdong Investment Ltd. | 498,000 | 783,013 | ||||||
Lenovo Group Ltd. | 1,097,003 | 560,501 | ||||||
Shenzhen Investment Ltd. | 1,234,000 | 523,581 | ||||||
Sino-Ocean Group Holding Ltd. | 869,000 | 630,023 | ||||||
Sun Art Retail Group Ltd. | 678,000 | 788,724 | ||||||
|
| |||||||
Total China | 23,247,287 | |||||||
Denmark – 1.4% | ||||||||
AP Moller – Maersk A/S Class B | 286 | 440,922 | ||||||
Carlsberg A/S Class B | 3,635 | 432,297 | ||||||
Chr Hansen Holding A/S | 8,380 | 720,352 | ||||||
Coloplast A/S Class B | 9,110 | 767,471 | ||||||
Danske Bank A/S | 48,050 | 1,786,941 | ||||||
FLSmidth & Co. A/S | 5,462 | 350,291 | ||||||
Jyske Bank A/S Registered Shares | 3,279 | 193,573 | ||||||
Novo Nordisk A/S Class B | 86,144 | 4,228,389 | ||||||
Novozymes A/S Class B | 9,349 | 481,880 | ||||||
Orsted A/S(b) | 11,932 | 771,724 | ||||||
Pandora A/S | 3,243 | 347,688 | ||||||
SimCorp A/S | 4,477 | 310,093 | ||||||
Spar Nord Bank A/S | 20,050 | 237,852 | ||||||
Sydbank A/S | 8,681 | 318,256 |
See Notes to Financial Statements.
52 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2018
Investments | Shares | Value | ||||||
Tryg A/S | 28,595 | $ | 662,871 | |||||
Vestas Wind Systems A/S | 6,924 | 491,006 | ||||||
|
| |||||||
Total Denmark | 12,541,606 | |||||||
Finland – 1.6% | ||||||||
Aktia Bank Oyj | 20,012 | 225,936 | ||||||
Amer Sports Oyj*(a) | 8,610 | 265,467 | ||||||
Cargotec Oyj Class B | 2,902 | 154,396 | ||||||
Cramo Oyj | 5,755 | 119,969 | ||||||
Elisa Oyj | 19,768 | 893,941 | ||||||
Fortum Oyj(a) | 112,294 | 2,409,929 | ||||||
Kemira Oyj | 13,593 | 173,860 | ||||||
Kesko Oyj Class B | 8,866 | 507,683 | ||||||
Kone Oyj Class B | 24,498 | 1,221,123 | ||||||
Metsa Board Oyj(a) | 22,661 | 227,277 | ||||||
Metso Oyj | 11,455 | 360,792 | ||||||
Neste Oyj(a) | 16,306 | 1,135,053 | ||||||
Nokia Oyj | 291,992 | 1,610,593 | ||||||
Nokian Renkaat Oyj(a) | 9,284 | 421,322 | ||||||
Sampo Oyj Class A | 29,654 | 1,650,631 | ||||||
Sanoma Oyj | 19,103 | 223,779 | ||||||
Stora Enso Oyj Class R(a) | 34,025 | 624,546 | ||||||
Technopolis Oyj | 64,123 | 289,422 | ||||||
UPM-Kymmene Oyj | 40,735 | 1,507,949 | ||||||
Uponor Oyj | 10,695 | 178,490 | ||||||
Valmet Oyj | 8,935 | 178,896 | ||||||
|
| |||||||
Total Finland | 14,381,054 | |||||||
France – 11.3% | ||||||||
Accor S.A. | 14,608 | 787,794 | ||||||
Aeroports de Paris | 5,048 | 1,098,866 | ||||||
Air Liquide S.A. | 14,727 | 1,801,783 | ||||||
Airbus SE | 22,322 | 2,575,065 | ||||||
Amundi S.A.(b) | 8,238 | 661,182 | ||||||
Atos SE | 2,884 | 394,059 | ||||||
AXA S.A. | 159,334 | 4,232,671 | ||||||
BNP Paribas S.A. | 72,348 | 5,353,759 | ||||||
Bourbon Corp.(a) | 8,017 | 46,932 | ||||||
Bouygues S.A. | 25,796 | 1,291,534 | ||||||
Capgemini SE | 7,410 | 922,255 | ||||||
Carrefour S.A.(a) | 35,994 | 745,903 | ||||||
Casino Guichard Perrachon S.A. | 13,117 | 642,213 | ||||||
Christian Dior SE | 4,427 | 1,747,155 | ||||||
Cie de Saint-Gobain | 27,326 | 1,440,391 | ||||||
Cie Generale des Etablissements Michelin SCA | 8,381 | 1,235,854 | ||||||
Cie Plastic Omnium S.A. | 5,644 | 270,016 | ||||||
CNP Assurances | 41,082 | 1,035,757 | ||||||
Coface S.A. | 22,941 | 262,108 | ||||||
Credit Agricole S.A. | 178,299 | 2,895,607 | ||||||
Danone S.A. | 25,823 | 2,087,481 | ||||||
Edenred | 16,643 | 578,028 | ||||||
Eiffage S.A. | 4,991 | 567,659 | ||||||
Electricite de France S.A. | 345,240 | 4,993,220 | ||||||
Elior Group S.A.(b) | 6,662 | 144,693 | ||||||
Elis S.A. | 10,444 | 258,176 | ||||||
Engie S.A. | 270,890 | 4,515,905 | ||||||
Essilor International Cie Generale d’Optique S.A. | 5,266 | 709,813 | ||||||
Eurazeo S.A. | 3,756 | 345,294 | ||||||
Eutelsat Communications S.A. | 19,094 | 378,073 | ||||||
Fonciere Des Regions | 3,652 | 402,655 | ||||||
Hermes International | 1,351 | 800,026 | ||||||
ICADE | 4,334 | 420,551 | ||||||
Imerys S.A. | 2,963 | 287,515 | ||||||
Kering S.A. | 3,927 | 1,877,757 | ||||||
Klepierre S.A. | 16,805 | 676,865 | ||||||
Korian S.A. | 4,677 | 158,180 | ||||||
L’Oreal S.A. | 15,466 | 3,487,476 | ||||||
Lagardere SCA | 15,109 | 431,098 | ||||||
Legrand S.A. | 7,069 | 553,796 | ||||||
LVMH Moet Hennessy Louis Vuitton SE(a) | 14,212 | 4,373,154 | ||||||
Manitou BF S.A. | 6,469 | 274,479 | ||||||
Metropole Television S.A. | 21,177 | 544,852 | ||||||
Natixis S.A. | 237,229 | 1,942,513 | ||||||
Nexity S.A.*(a) | 7,605 | 486,824 | ||||||
Orange S.A. | 154,511 | 2,619,500 | ||||||
Pernod Ricard S.A. | 7,632 | 1,269,486 | ||||||
Peugeot S.A. | 31,851 | 765,812 | ||||||
Publicis Groupe S.A. | 11,610 | 807,881 | ||||||
Rallye S.A.(a) | 15,242 | 228,694 | ||||||
Remy Cointreau S.A. | 3,258 | 463,994 | ||||||
Renault S.A. | 15,836 | 1,918,377 | ||||||
Safran S.A. | 12,773 | 1,350,650 | ||||||
Sanofi | 70,608 | 5,673,080 | ||||||
Schneider Electric SE* | 26,886 | 2,358,911 | ||||||
SCOR SE | 20,726 | 847,793 | ||||||
SEB S.A. | 1,063 | 202,898 | ||||||
Societe Generale S.A. | 53,279 | 2,893,593 | ||||||
Sodexo S.A. | 6,665 | 671,330 | ||||||
SPIE S.A. | 10,644 | 235,237 | ||||||
Suez | 34,777 | 503,409 | ||||||
Tarkett S.A. | 3,592 | 120,248 | ||||||
Thales S.A. | 8,254 | 1,004,358 | ||||||
TOTAL S.A. | 206,794 | 11,732,044 | ||||||
Unibail-Rodamco SE | 4,940 | 1,127,909 | ||||||
Valeo S.A. | 10,450 | 689,378 | ||||||
Veolia Environnement S.A. | 40,820 | 966,147 | ||||||
Vicat S.A. | 2,406 | 181,536 | ||||||
Vinci S.A. | 29,994 | 2,947,362 | ||||||
Vivendi S.A. | 47,124 | 1,217,065 | ||||||
Wendel S.A. | 2,205 | 343,588 | ||||||
|
| |||||||
Total France | 103,877,267 | |||||||
Germany – 8.1% | ||||||||
Aareal Bank AG | 12,992 | 618,996 | ||||||
adidas AG | 4,474 | 1,082,037 | ||||||
Allianz SE Registered Shares | 28,052 | 6,327,257 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA | 5,347 | 372,202 | ||||||
Aurubis AG | 2,336 | 196,164 | ||||||
Axel Springer SE | 8,765 | 733,015 | ||||||
BASF SE | 50,310 | 5,102,730 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 53 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2018
Investments | Shares | Value | ||||||
Bayer AG Registered Shares | 30,937 | $ | 3,492,415 | |||||
Bayerische Motoren Werke AG | 37,338 | 4,047,862 | ||||||
Beiersdorf AG | 5,440 | 615,649 | ||||||
Brenntag AG | 7,050 | 418,782 | ||||||
CECONOMY AG | 23,717 | 272,724 | ||||||
Continental AG | 5,800 | 1,599,962 | ||||||
Covestro AG(b) | 6,022 | 591,456 | ||||||
Daimler AG Registered Shares | 80,774 | 6,851,476 | ||||||
Deutsche Bank AG Registered Shares | 37,522 | 522,655 | ||||||
Deutsche Boerse AG | 7,564 | 1,028,866 | ||||||
Deutsche Lufthansa AG Registered Shares | 19,134 | 610,419 | ||||||
Deutsche Post AG Registered Shares | 62,504 | 2,730,443 | ||||||
Deutsche Telekom AG Registered Shares | 254,405 | 4,145,661 | ||||||
Deutsche Wohnen SE Bearer Shares | 11,628 | 541,997 | ||||||
Duerr AG | 2,949 | 323,296 | ||||||
E.ON SE | 79,380 | 880,582 | ||||||
Evonik Industries AG | 22,802 | 803,153 | ||||||
Fielmann AG | 6,347 | 512,845 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 5,070 | 499,451 | ||||||
Freenet AG | 20,370 | 619,036 | ||||||
Fresenius Medical Care AG & Co. KGaA | 7,016 | 716,004 | ||||||
Fresenius SE & Co. KGaA | 11,284 | 861,246 | ||||||
Hannover Rueck SE | 8,369 | 1,141,451 | ||||||
HeidelbergCement AG | 5,398 | 529,638 | ||||||
Hella GmbH & Co. KGaA | 3,701 | 243,060 | ||||||
Henkel AG & Co. KGaA | 5,097 | 641,272 | ||||||
Hugo Boss AG | 4,457 | 387,867 | ||||||
Indus Holding AG | 6,760 | 473,055 | ||||||
Infineon Technologies AG | 30,862 | 825,156 | ||||||
Innogy SE(b) | 35,108 | 1,661,042 | ||||||
KION Group AG | 3,451 | 321,457 | ||||||
LANXESS AG | 2,665 | 203,864 | ||||||
LEG Immobilien AG | 3,472 | 390,026 | ||||||
Leoni AG | 3,289 | 210,015 | ||||||
Linde AG* | 6,213 | 1,307,385 | ||||||
MAN SE | 3,965 | 462,035 | ||||||
Merck KGaA | 5,077 | 486,404 | ||||||
MTU Aero Engines AG | 3,361 | 565,467 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 9,785 | 2,272,637 | ||||||
ProSiebenSat.1 Media SE | 22,775 | 789,317 | ||||||
Rheinmetall AG | 2,586 | 366,858 | ||||||
SAP SE | 30,113 | 3,146,820 | ||||||
Siemens AG Registered Shares | 33,624 | 4,280,810 | ||||||
Stroeer SE & Co. KGaA | 4,063 | 283,573 | ||||||
Symrise AG | 8,711 | 700,217 | ||||||
Talanx AG | 6,925 | 300,981 | ||||||
Telefonica Deutschland Holding AG | 277,419 | 1,301,958 | ||||||
ThyssenKrupp AG | 9,613 | 250,520 | ||||||
TUI AG | 44,087 | 943,706 | ||||||
Uniper SE | 23,408 | 712,511 | ||||||
Volkswagen AG | 3,861 | 772,098 | ||||||
VTG AG | 9,351 | 528,440 | ||||||
Wacker Neuson SE | 10,375 | 359,058 | ||||||
Zeal Network SE | 13,231 | 424,703 | ||||||
|
| |||||||
Total Germany | 74,401,782 | |||||||
Hong Kong – 2.5% | ||||||||
AIA Group Ltd. | 268,365 | 2,270,484 | ||||||
Bank of East Asia Ltd. (The) | 87,658 | 349,591 | ||||||
BOC Hong Kong Holdings Ltd. | 562,944 | 2,740,015 | ||||||
CLP Holdings Ltd. | 166,500 | 1,695,061 | ||||||
Dah Sing Financial Holdings Ltd. | 34,800 | 219,930 | ||||||
Galaxy Entertainment Group Ltd. | 88,000 | 798,899 | ||||||
Hang Lung Group Ltd. | 44,000 | 143,802 | ||||||
Hang Lung Properties Ltd. | 234,000 | 545,025 | ||||||
Hang Seng Bank Ltd. | 111,700 | 2,584,600 | ||||||
Henderson Land Development Co., Ltd. | 192,281 | 1,251,935 | ||||||
Hong Kong & China Gas Co., Ltd. | 587,743 | 1,207,194 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 18,600 | 604,809 | ||||||
MTR Corp., Ltd. | 282,000 | 1,516,303 | ||||||
New World Development Co., Ltd. | 675,861 | 954,161 | ||||||
PCCW Ltd. | 1,074,000 | 621,276 | ||||||
Power Assets Holdings Ltd. | 151,000 | 1,345,826 | ||||||
Sino Land Co., Ltd. | 274,400 | 444,030 | ||||||
Sun Hung Kai Properties Ltd. | 110,000 | 1,737,956 | ||||||
Swire Pacific Ltd. Class A | 50,500 | 509,292 | ||||||
Swire Properties Ltd. | 259,400 | 908,923 | ||||||
Wharf Holdings Ltd. (The) | 124,000 | 425,799 | ||||||
Wheelock & Co., Ltd. | 57,000 | 416,517 | ||||||
|
| |||||||
Total Hong Kong | 23,291,428 | |||||||
Ireland – 0.4% | ||||||||
C&C Group PLC | 115,362 | 377,396 | ||||||
CRH PLC | 26,368 | 894,059 | ||||||
DCC PLC | 7,098 | 653,184 | ||||||
Kerry Group PLC Class A | 6,587 | 667,524 | ||||||
Kingspan Group PLC | 7,622 | 322,463 | ||||||
Paddy Power Betfair PLC | 3,272 | 335,809 | ||||||
|
| |||||||
Total Ireland | 3,250,435 | |||||||
Israel – 0.4% | ||||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 504,767 | 644,105 | ||||||
Delek Automotive Systems Ltd. | 77,921 | 583,267 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 41,459 | 327,459 | ||||||
Israel Chemicals Ltd. | 93,565 | 394,423 | ||||||
Migdal Insurance & Financial Holding Ltd.* | 590,635 | 629,690 | ||||||
Oil Refineries Ltd. | 979,879 | 452,700 | ||||||
Sella Capital Real Estate Ltd. | 172,747 | 335,324 | ||||||
|
| |||||||
Total Israel | 3,366,968 | |||||||
Italy – 3.6% | ||||||||
A2A SpA | 238,885 | 456,701 | ||||||
ACEA SpA | 27,083 | 458,985 | ||||||
Assicurazioni Generali SpA | 125,209 | 2,406,068 | ||||||
Atlantia SpA | 59,489 | 1,840,039 | ||||||
Banca Generali SpA | 11,978 | 385,956 | ||||||
Banca Mediolanum SpA | 73,408 | 639,188 | ||||||
Brembo SpA | 18,373 | 283,354 |
See Notes to Financial Statements.
54 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2018
Investments | Shares | Value | ||||||
Buzzi Unicem SpA | 8,106 | $ | 189,514 | |||||
Cementir Holding SpA | 29,751 | 257,954 | ||||||
Datalogic SpA | 8,785 | 274,968 | ||||||
Davide Campari-Milano SpA | 39,706 | 300,319 | ||||||
Enel SpA | 821,080 | 5,018,734 | ||||||
Eni SpA | 335,911 | 5,902,663 | ||||||
ERG SpA | 26,995 | 643,412 | ||||||
Industria Macchine Automatiche SpA | 3,371 | 327,728 | ||||||
Intesa Sanpaolo SpA | 1,530,095 | 5,557,861 | ||||||
Intesa Sanpaolo SpA RSP | 130,064 | 492,355 | ||||||
Iren SpA | 100,852 | 316,036 | ||||||
Italgas SpA | 71,345 | 426,083 | ||||||
Luxottica Group SpA | 13,589 | 843,978 | ||||||
MARR SpA | 16,994 | 504,528 | ||||||
OVS SpA(b) | 35,243 | 215,938 | ||||||
Piaggio & C. SpA | 228,956 | 635,248 | ||||||
Poste Italiane SpA(b) | 118,485 | 1,081,234 | ||||||
Snam SpA | 296,304 | 1,360,341 | ||||||
Societa Cattolica di Assicurazioni SC | 30,007 | 319,221 | ||||||
Terna Rete Elettrica Nazionale SpA | 193,319 | 1,129,091 | ||||||
Tod’s SpA(a) | 2,000 | 145,122 | ||||||
UnipolSai Assicurazioni SpA | 343,553 | 816,729 | ||||||
|
| |||||||
Total Italy | 33,229,348 | |||||||
Japan – 18.5% | ||||||||
Aeon Co., Ltd. | 35,600 | 635,846 | ||||||
Aichi Steel Corp. | 7,900 | 323,874 | ||||||
Air Water, Inc. | 8,000 | 156,164 | ||||||
Aisin Seiki Co., Ltd. | 11,000 | 597,837 | ||||||
Ajinomoto Co., Inc. | 19,900 | 360,202 | ||||||
Amada Holdings Co., Ltd. | 37,500 | 455,571 | ||||||
ANA Holdings, Inc. | 9,100 | 352,363 | ||||||
Aoyama Trading Co., Ltd. | 10,500 | 413,681 | ||||||
Aozora Bank Ltd. | 12,400 | 493,785 | ||||||
Asahi Glass Co., Ltd. | 10,200 | 422,482 | ||||||
Asahi Group Holdings Ltd. | 14,700 | 783,309 | ||||||
Asahi Holdings, Inc. | 5,900 | 109,900 | ||||||
Asahi Kasei Corp. | 62,400 | 820,852 | ||||||
Astellas Pharma, Inc. | 95,300 | 1,446,302 | ||||||
Azbil Corp. | 7,500 | 349,436 | ||||||
Bandai Namco Holdings, Inc. | 8,600 | 282,623 | ||||||
Bridgestone Corp. | 38,600 | 1,678,292 | ||||||
Brother Industries Ltd. | 13,100 | 304,620 | ||||||
Canon, Inc. | 80,800 | 2,927,338 | ||||||
Casio Computer Co., Ltd.(a) | 22,200 | 331,069 | ||||||
Chiba Bank Ltd. (The) | 52,000 | 418,054 | ||||||
Chubu Electric Power Co., Inc. | 28,900 | 408,432 | ||||||
Chugai Pharmaceutical Co., Ltd. | 21,000 | 1,062,341 | ||||||
Concordia Financial Group Ltd. | 89,200 | 492,340 | ||||||
COOKPAD, Inc.(a) | 98,600 | 554,422 | ||||||
Cosmo Energy Holdings Co., Ltd. | 9,900 | 320,691 | ||||||
Dai-ichi Life Holdings, Inc. | 45,733 | 835,321 | ||||||
Daicel Corp. | 13,200 | 144,226 | ||||||
Daiichi Sankyo Co., Ltd. | 44,600 | 1,478,699 | ||||||
Daikin Industries Ltd. | 6,400 | 706,197 | ||||||
Daito Trust Construction Co., Ltd. | 3,800 | 657,095 | ||||||
Daiwa House Industry Co., Ltd. | 26,600 | 1,025,482 | ||||||
Daiwa Securities Group, Inc.(a) | 102,000 | 650,939 | ||||||
DeNA Co., Ltd.(a) | 5,800 | 104,711 | ||||||
Denka Co., Ltd. | 10,600 | 355,327 | ||||||
Denso Corp. | 36,000 | 1,970,099 | ||||||
Dentsu, Inc. | 8,100 | 355,684 | ||||||
DIC Corp. | 4,300 | 144,142 | ||||||
Disco Corp. | 2,000 | 431,594 | ||||||
East Japan Railway Co. | 7,300 | 676,940 | ||||||
Eisai Co., Ltd. | 17,400 | 1,109,444 | ||||||
Electric Power Development Co., Ltd. | 10,600 | 267,317 | ||||||
FamilyMart UNY Holdings Co., Ltd. | 4,300 | 362,276 | ||||||
FANUC Corp. | 6,000 | 1,521,016 | ||||||
Fast Retailing Co., Ltd. | 1,200 | 487,898 | ||||||
FCC Co., Ltd. | 9,700 | 272,622 | ||||||
France Bed Holdings Co., Ltd.(a) | 61,300 | 542,968 | ||||||
Fuji Electric Co., Ltd. | 38,000 | 258,693 | ||||||
FUJIFILM Holdings Corp. | 16,400 | 654,612 | ||||||
Fujitsu Ltd. | 43,000 | 264,752 | ||||||
Furukawa Co., Ltd. | 22,900 | 427,424 | ||||||
Gurunavi, Inc.(a) | 8,100 | 112,951 | ||||||
Hamamatsu Photonics K.K. | 9,200 | 347,757 | ||||||
Hino Motors Ltd. | 27,300 | 351,422 | ||||||
Hirose Electric Co., Ltd. | 2,205 | 303,123 | ||||||
Hitachi Ltd. | 149,000 | 1,079,917 | ||||||
Honda Motor Co., Ltd. | 85,100 | 2,928,688 | ||||||
Hoya Corp. | 9,900 | 493,836 | ||||||
Hulic Co., Ltd. | 34,900 | 380,996 | ||||||
Ichigo, Inc.(a) | 60,200 | 264,914 | ||||||
Iida Group Holdings Co., Ltd. | 10,400 | 194,407 | ||||||
Isuzu Motors Ltd. | 46,800 | 718,172 | ||||||
ITOCHU Corp. | 101,400 | 1,970,316 | ||||||
Japan Airlines Co., Ltd. | 19,100 | 769,029 | ||||||
Japan Exchange Group, Inc. | 29,900 | 553,860 | ||||||
Japan Post Holdings Co., Ltd.(a) | 210,800 | 2,539,114 | ||||||
Japan Post Insurance Co., Ltd. | 21,500 | 504,396 | ||||||
Japan Tobacco, Inc. | 102,944 | 2,967,807 | ||||||
JXTG Holdings, Inc. | 164,200 | 993,846 | ||||||
kabu.com Securities Co., Ltd. | 215,200 | 740,604 | ||||||
Kadokawa Dwango(a) | 26,200 | 273,209 | ||||||
Kajima Corp. | 66,000 | 612,525 | ||||||
Kaneka Corp. | 36,000 | 357,123 | ||||||
Kansai Electric Power Co., Inc. (The) | 25,100 | 322,630 | ||||||
Kansai Paint Co., Ltd.(a) | 12,600 | 293,585 | ||||||
Kao Corp. | 13,700 | 1,028,112 | ||||||
KDDI Corp.(a) | 110,400 | 2,819,949 | ||||||
Kirin Holdings Co., Ltd. | 38,800 | 1,033,390 | ||||||
Komatsu Ltd. | 38,300 | 1,277,387 | ||||||
Kubota Corp. | 44,800 | 784,369 | ||||||
Kyoei Steel Ltd.(a) | 23,100 | 398,358 | ||||||
Kyoritsu Maintenance Co., Ltd.(a) | 8,200 | 392,459 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 23,700 | 520,798 | ||||||
Kyushu Financial Group, Inc. | 52,300 | 258,672 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 55 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2018
Investments | Shares | Value | ||||||
Lawson, Inc. | 7,200 | $ | 490,832 | |||||
LIXIL Group Corp. | 22,700 | 507,148 | ||||||
Maeda Road Construction Co., Ltd. | 28,000 | 566,055 | ||||||
Makita Corp. | 8,200 | 400,940 | ||||||
Marubeni Corp. | 108,300 | 784,017 | ||||||
Marui Group Co., Ltd.(a) | 20,900 | 426,057 | ||||||
Mazda Motor Corp. | 27,000 | 357,080 | ||||||
Medipal Holdings Corp. | 21,600 | 442,764 | ||||||
MEIJI Holdings Co., Ltd. | 3,200 | 243,724 | ||||||
Mitsubishi Chemical Holdings Corp. | 73,100 | 708,317 | ||||||
Mitsubishi Corp. | 88,100 | 2,370,872 | ||||||
Mitsubishi Electric Corp. | 60,800 | 972,743 | ||||||
Mitsubishi Estate Co., Ltd. | 25,100 | 424,470 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 12,400 | 297,204 | ||||||
Mitsubishi Heavy Industries Ltd.(a) | 18,900 | 724,011 | ||||||
Mitsubishi Tanabe Pharma Corp. | 38,900 | 760,809 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 492,900 | 3,230,384 | ||||||
Mitsui & Co., Ltd. | 99,000 | 1,696,544 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd.(a) | 26,400 | 429,450 | ||||||
Mitsui Fudosan Co., Ltd. | 14,000 | 339,831 | ||||||
Mixi, Inc. | 3,700 | 136,728 | ||||||
Mizuho Financial Group, Inc. | 1,336,500 | 2,405,323 | ||||||
Monex Group, Inc. | 244,600 | 795,784 | ||||||
MS&AD Insurance Group Holdings, Inc. | 30,330 | 956,814 | ||||||
Murata Manufacturing Co., Ltd. | 4,300 | 589,102 | ||||||
Nabtesco Corp. | 4,900 | 189,135 | ||||||
NEC Corp.(a) | 10,900 | 306,553 | ||||||
NGK Insulators Ltd. | 18,900 | 325,929 | ||||||
Nichiha Corp. | 8,400 | 321,072 | ||||||
Nidec Corp. | 5,100 | 785,980 | ||||||
Nintendo Co., Ltd. | 2,800 | 1,233,738 | ||||||
Nippon Express Co., Ltd. | 6,800 | 455,252 | ||||||
Nippon Kayaku Co., Ltd. | 25,700 | 315,843 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 6,700 | 371,067 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 40,500 | 889,781 | ||||||
Nippon Telegraph & Telephone Corp. | 79,700 | 3,672,120 | ||||||
Nissan Motor Co., Ltd. | 302,500 | 3,140,197 | ||||||
Nissha Co., Ltd.(a) | 6,300 | 169,007 | ||||||
Nisshinbo Holdings, Inc. | 33,200 | 446,725 | ||||||
Nitto Denko Corp. | 5,400 | 405,089 | ||||||
NOK Corp.(a) | 8,700 | 169,010 | ||||||
Nomura Holdings, Inc. | 165,100 | 955,205 | ||||||
Nomura Real Estate Holdings, Inc. | 9,900 | 233,839 | ||||||
Nomura Research Institute Ltd. | 8,900 | 421,777 | ||||||
NSK Ltd. | 38,900 | 521,593 | ||||||
NTT Data Corp. | 40,900 | 435,344 | ||||||
NTT DOCOMO, Inc.(a) | 185,255 | 4,731,972 | ||||||
Obayashi Corp. | 43,500 | 476,107 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 6,800 | 171,231 | ||||||
Oji Holdings Corp. | 74,000 | 475,938 | ||||||
Okasan Securities Group, Inc.(a) | 61,000 | 364,795 | ||||||
Omron Corp. | 11,600 | 682,802 | ||||||
Ono Pharmaceutical Co., Ltd. | 24,100 | 746,454 | ||||||
Oracle Corp. | 4,100 | 333,474 | ||||||
Oriental Land Co., Ltd. | 3,000 | 306,488 | ||||||
Osaka Gas Co., Ltd.(a) | 27,900 | 550,786 | ||||||
Otsuka Holdings Co., Ltd. | 22,600 | 1,132,444 | ||||||
Outsourcing, Inc. | 13,000 | 232,496 | ||||||
Panasonic Corp. | 76,200 | 1,089,800 | ||||||
Park24 Co., Ltd.(a) | 19,400 | 520,252 | ||||||
Pasco Corp.* | 37,000 | 110,983 | ||||||
Pigeon Corp. | 8,300 | 375,002 | ||||||
Pilot Corp. | 2,600 | 144,974 | ||||||
Qol Co., Ltd. | 22,900 | 449,387 | ||||||
Recruit Holdings Co., Ltd. | 37,100 | 922,529 | ||||||
Resona Holdings, Inc. | 111,400 | 588,686 | ||||||
Resorttrust, Inc. | 13,700 | 287,655 | ||||||
Ricoh Co., Ltd. | 57,300 | 566,265 | ||||||
Sac’s Bar Holdings, Inc.(a) | 53,200 | 570,768 | ||||||
San-In Godo Bank Ltd. (The) | 28,900 | 255,983 | ||||||
Sanrio Co., Ltd.(a) | 23,800 | 432,585 | ||||||
Sanwa Holdings Corp. | 34,100 | 440,238 | ||||||
Sanyo Chemical Industries Ltd. | 6,200 | 290,616 | ||||||
SBI Holdings, Inc.(a) | 25,300 | 578,795 | ||||||
Secom Co., Ltd. | 8,300 | 618,110 | ||||||
Seibu Holdings, Inc. | 12,500 | 217,677 | ||||||
Seiko Epson Corp. | 28,600 | 508,534 | ||||||
Seino Holdings Co., Ltd. | 29,000 | 533,916 | ||||||
Sekisui Chemical Co., Ltd. | 21,000 | 366,488 | ||||||
Sekisui House Ltd. | 43,300 | 790,678 | ||||||
Seven & I Holdings Co., Ltd. | 27,700 | 1,188,743 | ||||||
Seven Bank Ltd.(a) | 70,300 | 224,087 | ||||||
Shikoku Electric Power Co., Inc.(a) | 29,200 | 346,501 | ||||||
Shimano, Inc. | 800 | 115,393 | ||||||
Shimizu Corp. | 52,200 | 466,781 | ||||||
Shin-Etsu Chemical Co., Ltd. | 8,700 | 900,268 | ||||||
Shionogi & Co., Ltd. | 9,800 | 505,988 | ||||||
Shizuoka Bank Ltd. (The) | 51,000 | 482,426 | ||||||
Showa Shell Sekiyu K.K. | 41,500 | 562,308 | ||||||
SMC Corp. | 1,000 | 404,984 | ||||||
SoftBank Group Corp. | 9,600 | 717,630 | ||||||
Sojitz Corp.(a) | 159,500 | 511,420 | ||||||
Sompo Holdings, Inc. | 12,700 | 511,344 | ||||||
Sony Corp. | 10,300 | 498,390 | ||||||
Sony Financial Holdings, Inc.(a) | 29,800 | 542,480 | ||||||
Subaru Corp. | 45,900 | 1,504,968 | ||||||
Sumitomo Chemical Co., Ltd. | 78,000 | 454,725 | ||||||
Sumitomo Corp. | 71,600 | 1,205,788 | ||||||
Sumitomo Electric Industries Ltd. | 36,200 | 552,616 | ||||||
Sumitomo Heavy Industries Ltd. | 9,600 | 364,231 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 69,100 | 2,896,547 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 20,607 | 834,550 | ||||||
Sumitomo Realty & Development Co., Ltd. | 10,000 | 370,005 | ||||||
Sumitomo Rubber Industries Ltd. | 24,500 | 449,685 | ||||||
Suntory Beverage & Food Ltd. | 9,200 | 447,240 | ||||||
Suzuken Co., Ltd. | 8,800 | 363,667 | ||||||
Suzuki Motor Corp. | 11,900 | 641,157 | ||||||
Sysmex Corp. | 3,600 | 326,319 |
See Notes to Financial Statements.
56 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2018
Investments | Shares | Value | ||||||
T&D Holdings, Inc. | 30,600 | $ | 485,831 | |||||
Taisei Corp. | 10,800 | 548,378 | ||||||
Taiyo Nippon Sanso Corp. | 10,000 | 151,481 | ||||||
Takashimaya Co., Ltd. | 40,000 | 384,015 | ||||||
Takeda Pharmaceutical Co., Ltd. | 44,900 | 2,188,215 | ||||||
Teijin Ltd. | 20,200 | 380,068 | ||||||
Terumo Corp. | 9,000 | 473,061 | ||||||
Toda Corp.(a) | 52,000 | 376,982 | ||||||
Toho Co., Ltd. | 8,600 | 285,454 | ||||||
Toho Zinc Co., Ltd.(a) | 5,300 | 252,167 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 59,500 | 411,213 | ||||||
Tokio Marine Holdings, Inc. | 29,700 | 1,322,327 | ||||||
Tokyo Electron Ltd. | 6,700 | 1,260,936 | ||||||
Tokyo Gas Co., Ltd. | 18,900 | 501,423 | ||||||
Toppan Forms Co., Ltd. | 34,700 | 388,275 | ||||||
Topy Industries Ltd. | 8,000 | 233,192 | ||||||
Toshiba Machine Co., Ltd. | 69,000 | 485,303 | ||||||
TOTO Ltd. | 7,200 | 379,803 | ||||||
Tow Co., Ltd. | 58,800 | 514,742 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 72,000 | 446,827 | ||||||
Toyoda Gosei Co., Ltd. | 12,600 | 293,111 | ||||||
Toyota Boshoku Corp. | 7,600 | 156,073 | ||||||
Toyota Motor Corp. | 186,710 | 11,982,094 | ||||||
Toyota Tsusho Corp. | 26,400 | 894,894 | ||||||
Trend Micro, Inc. | 9,100 | 543,347 | ||||||
Tsubakimoto Chain Co. | 55,000 | 447,861 | ||||||
UACJ Corp.(a) | 4,700 | 120,649 | ||||||
Ube Industries Ltd.(a) | 20,900 | 610,197 | ||||||
Unicharm Corp. | 14,200 | 404,436 | ||||||
Unipres Corp. | 7,300 | 165,151 | ||||||
United Arrows Ltd. | 8,000 | 308,416 | ||||||
USS Co., Ltd. | 21,960 | 443,949 | ||||||
Wacoal Holdings Corp. | 13,500 | 390,973 | ||||||
West Japan Railway Co. | 8,820 | 616,280 | ||||||
Yahoo Japan Corp.(a) | 197,710 | 918,371 | ||||||
Yakult Honsha Co., Ltd. | 4,000 | 296,004 | ||||||
Yamada Denki Co., Ltd.(a) | 95,600 | 573,510 | ||||||
Yamaha Corp. | 6,900 | 303,315 | ||||||
Yamaha Motor Co., Ltd. | 20,900 | 624,937 | ||||||
Yamato Holdings Co., Ltd. | 12,600 | 316,155 | ||||||
Yuasa Trading Co., Ltd. | 19,500 | 643,583 | ||||||
Zeon Corp. | 19,200 | 277,664 | ||||||
|
| |||||||
Total Japan | 169,672,096 | |||||||
Netherlands – 2.3% | ||||||||
Aalberts Industries N.V. | 10,599 | 539,135 | ||||||
ABN AMRO Group N.V. CVA(b) | 47,041 | 1,415,673 | ||||||
Aegon N.V. | 158,033 | 1,064,299 | ||||||
Akzo Nobel N.V. | 10,754 | 1,014,949 | ||||||
ASML Holding N.V. | 5,999 | 1,181,566 | ||||||
BE Semiconductor Industries N.V. | 5,860 | 598,535 | ||||||
Corbion N.V. | 9,318 | 282,139 | ||||||
Euronext N.V.(b) | 3,598 | 262,845 | ||||||
Flow Traders(b) | 6,633 | 282,416 | ||||||
Heineken Holding N.V. | 3,559 | 366,358 | ||||||
Heineken N.V. | 16,331 | 1,753,393 | ||||||
ING Groep N.V. | 245,468 | 4,135,878 | ||||||
Koninklijke Ahold Delhaize N.V. | 63,801 | 1,509,837 | ||||||
Koninklijke DSM N.V. | 8,777 | 870,460 | ||||||
Koninklijke KPN N.V. | 265,986 | 797,199 | ||||||
Koninklijke Philips N.V. | 45,051 | 1,726,728 | ||||||
NN Group N.V. | 19,127 | 847,781 | ||||||
PostNL N.V. | 76,588 | 286,531 | ||||||
Randstad Holding N.V.(a) | 12,908 | 848,038 | ||||||
Steinhoff International Holdings N.V.* | 182,768 | 50,350 | ||||||
Wolters Kluwer N.V. | 18,012 | 956,748 | ||||||
|
| |||||||
Total Netherlands | 20,528,013 | |||||||
New Zealand – 0.5% | ||||||||
Air New Zealand Ltd. | 189,793 | 442,241 | ||||||
Auckland International Airport Ltd. | 76,349 | 337,078 | ||||||
Contact Energy Ltd. | 88,527 | 335,283 | ||||||
EBOS Group Ltd. | 27,264 | 353,045 | ||||||
Fisher & Paykel Healthcare Corp., Ltd. | 48,163 | 458,631 | ||||||
Mercury NZ Ltd. | 158,418 | 367,990 | ||||||
New Zealand Refining Co., Ltd. (The) | 182,476 | 301,451 | ||||||
Spark New Zealand Ltd. | 319,130 | 768,936 | ||||||
Trustpower Ltd. | 166,971 | 673,331 | ||||||
Vector Ltd.(a) | 111,673 | 253,767 | ||||||
|
| |||||||
Total New Zealand | 4,291,753 | |||||||
Norway – 2.0% | ||||||||
Aker ASA Class A | 9,397 | 527,245 | ||||||
Aker BP ASA | 22,347 | 604,008 | ||||||
DNB ASA | 94,326 | 1,828,021 | ||||||
Gjensidige Forsikring ASA(a) | 34,131 | 624,283 | ||||||
Leroy Seafood Group ASA | 61,376 | 379,156 | ||||||
Marine Harvest ASA | 60,522 | 1,211,835 | ||||||
Norsk Hydro ASA | 113,515 | 664,380 | ||||||
Ocean Yield ASA | 45,776 | 384,822 | ||||||
Orkla ASA | 59,398 | 636,579 | ||||||
Salmar ASA | 16,719 | 684,012 | ||||||
SpareBank 1 SR-Bank ASA | 28,646 | 314,521 | ||||||
Statoil ASA | 258,922 | 6,089,702 | ||||||
Storebrand ASA | 39,808 | 323,394 | ||||||
Telenor ASA | 136,034 | 3,066,892 | ||||||
Yara International ASA | 12,772 | 538,637 | ||||||
|
| |||||||
Total Norway | 17,877,487 | |||||||
Portugal – 0.5% | ||||||||
Altri, SGPS, S.A. | 63,021 | 420,085 | ||||||
EDP – Energias de Portugal S.A. | 296,608 | 1,126,451 | ||||||
Galp Energia, SGPS, S.A. | 45,332 | 853,278 | ||||||
Jeronimo Martins, SGPS, S.A. | 40,487 | 737,185 | ||||||
Navigator Co. S.A. (The) | 75,076 | 442,087 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 172,361 | 531,641 | ||||||
Semapa-Sociedade de Investimento e Gestao | 9,281 | 211,392 | ||||||
|
| |||||||
Total Portugal | 4,322,119 | |||||||
Singapore – 1.8% | ||||||||
CapitaLand Ltd. | 263,300 | 716,831 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 57 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2018
Investments | Shares | Value | ||||||
City Developments Ltd. | 25,500 | $ | 252,803 | |||||
ComfortDelGro Corp., Ltd. | 296,500 | 463,529 | ||||||
DBS Group Holdings Ltd. | 108,000 | 2,264,928 | ||||||
Hutchison Port Holdings Trust | 1,568,936 | 462,836 | ||||||
Jardine Cycle & Carriage Ltd. | 13,255 | 348,736 | ||||||
Keppel Corp., Ltd. | 100,100 | 593,134 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 201,495 | 1,969,928 | ||||||
SATS Ltd. | 158,500 | 620,076 | ||||||
Sheng Siong Group Ltd.(a) | 1,271,100 | 901,489 | ||||||
Singapore Airlines Ltd. | 70,000 | 578,662 | ||||||
Singapore Post Ltd. | 338,200 | 353,339 | ||||||
Singapore Technologies Engineering Ltd. | 263,200 | 720,573 | ||||||
Singapore Telecommunications Ltd. | 1,219,300 | 3,133,563 | ||||||
StarHub Ltd.(a) | 286,800 | 503,043 | ||||||
United Overseas Bank Ltd. | 69,301 | 1,453,350 | ||||||
UOL Group Ltd. | 68,600 | 447,289 | ||||||
Wilmar International Ltd. | 232,400 | 563,587 | ||||||
|
| |||||||
Total Singapore | 16,347,696 | |||||||
Spain – 4.0% | ||||||||
Abertis Infraestructuras S.A. | 60,668 | 1,359,441 | ||||||
Acciona S.A. | 5,226 | 396,687 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 23,453 | 912,903 | ||||||
Aena SME S.A.(b) | 4,884 | 982,978 | ||||||
Amadeus IT Group S.A. | 18,846 | 1,390,202 | ||||||
Applus Services S.A. | 26,916 | 350,226 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 449,807 | 3,556,493 | ||||||
Banco de Sabadell S.A. | 290,741 | 593,920 | ||||||
Banco Santander S.A. | 664,960 | 4,330,258 | ||||||
Bankia S.A. | 136,946 | 612,892 | ||||||
Bankinter S.A.(a) | 32,250 | 331,421 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A.(a) | 8,680 | 293,565 | ||||||
CaixaBank S.A. | 301,832 | 1,437,318 | ||||||
Cellnex Telecom S.A.(b) | 17,277 | 460,872 | ||||||
Cie Automotive S.A. | 6,992 | 249,374 | ||||||
Distribuidora Internacional de Alimentacion S.A. | 49,462 | 209,684 | ||||||
EDP Renovaveis S.A. | 19,441 | 190,320 | ||||||
Enagas S.A. | 20,720 | 566,476 | ||||||
Ence Energia y Celulosa S.A. | 67,163 | 505,515 | ||||||
Endesa S.A. | 93,378 | 2,053,931 | ||||||
Ferrovial S.A. | 56,716 | 1,183,346 | ||||||
Gas Natural SDG S.A. | 67,354 | 1,606,177 | ||||||
Iberdrola S.A. | 409,427 | 3,007,105 | ||||||
Industria de Diseno Textil S.A. | 86,573 | 2,707,579 | ||||||
Mapfre S.A. | 169,749 | 563,877 | ||||||
Mediaset Espana Comunicacion S.A. | 38,593 | 392,334 | ||||||
Prosegur Cia de Seguridad S.A. | 24,981 | 191,711 | ||||||
Red Electrica Corp. S.A. | 38,685 | 795,959 | ||||||
Repsol S.A. | 96,326 | 1,707,696 | ||||||
Telefonica S.A. | 407,272 | 4,021,094 | ||||||
|
| |||||||
Total Spain | 36,961,354 | |||||||
Sweden – 2.8% | ||||||||
Ahlsell AB(b) | 57,141 | 358,547 | ||||||
Assa Abloy AB Class B | 32,678 | 703,716 | ||||||
Atlas Copco AB Class A | 20,323 | 876,519 | ||||||
Atlas Copco AB Class B | 28,071 | 1,087,672 | ||||||
Axfood AB | 30,398 | 518,139 | ||||||
Bilia AB Class A | 34,067 | 301,017 | ||||||
Boliden AB | 16,845 | 588,332 | ||||||
Castellum AB(a) | 11,489 | 187,258 | ||||||
Dometic Group AB(b) | 30,087 | 273,933 | ||||||
Evolution Gaming Group AB(b) | 3,453 | 188,590 | ||||||
Fabege AB | 35,709 | 770,906 | ||||||
Hemfosa Fastigheter AB | 18,291 | 221,244 | ||||||
Hennes & Mauritz AB Class B(a) | 54,119 | 808,929 | ||||||
Hexpol AB | 16,984 | 156,865 | ||||||
Holmen AB Class B | 4,013 | 217,067 | ||||||
ICA Gruppen AB(a) | 14,579 | 514,237 | ||||||
Intrum Justitia AB(a) | 9,605 | 271,470 | ||||||
Investment AB Latour Class B | 25,028 | 283,608 | ||||||
Nobia AB | 17,072 | 153,193 | ||||||
Nordea Bank AB | 312,210 | 3,321,621 | ||||||
Peab AB | 38,299 | 343,442 | ||||||
Resurs Holding AB(b) | 34,491 | 242,987 | ||||||
Saab AB Class B | 5,610 | 253,143 | ||||||
Sandvik AB | 60,184 | 1,095,555 | ||||||
Securitas AB Class B | 32,134 | 543,893 | ||||||
Skandinaviska Enskilda Banken AB Class A | 166,059 | 1,733,796 | ||||||
Skanska AB Class B | 42,206 | 860,015 | ||||||
Svenska Cellulosa AB SCA Class B | 23,054 | 244,777 | ||||||
Svenska Handelsbanken AB Class A(a) | 111,502 | 1,387,318 | ||||||
Swedbank AB Class A | 98,591 | 2,201,428 | ||||||
Tele2 AB Class B | 77,496 | 926,735 | ||||||
Telefonaktiebolaget LM Ericsson Class B(a) | 74,223 | 469,012 | ||||||
Telia Co. AB | 436,384 | 2,043,107 | ||||||
Volvo AB Class A | 2,868 | 52,224 | ||||||
Volvo AB Class B | 76,701 | 1,394,389 | ||||||
|
| |||||||
Total Sweden | 25,594,684 | |||||||
Switzerland – 7.4% | ||||||||
ABB Ltd. Registered Shares | 107,998 | 2,562,358 | ||||||
Adecco Group AG Registered Shares | 8,139 | 577,957 | ||||||
Baloise Holding AG Registered Shares | 5,609 | 855,759 | ||||||
Cie Financiere Richemont S.A. Registered Shares | 18,068 | 1,618,120 | ||||||
Clariant AG Registered Shares* | 28,926 | 689,016 | ||||||
Coca-Cola HBC AG* | 15,370 | 567,918 | ||||||
Credit Suisse Group AG Registered Shares* | 152,955 | 2,554,042 | ||||||
EMS-Chemie Holding AG Registered Shares | 1,022 | 643,553 | ||||||
Geberit AG Registered Shares | 1,598 | 704,882 | ||||||
Givaudan S.A. Registered Shares | 568 | 1,290,693 | ||||||
Julius Baer Group Ltd.* | 9,615 | 589,792 | ||||||
Kudelski S.A. Bearer Shares(a) | 33,032 | 344,946 | ||||||
Kuehne + Nagel International AG Registered Shares | 7,263 | 1,139,963 | ||||||
LafargeHolcim Ltd. Registered Shares* | 33,378 | 1,822,963 | ||||||
Logitech International S.A. Registered Shares | 17,145 | 625,929 | ||||||
Lonza Group AG Registered Shares* | 2,474 | 581,814 | ||||||
Nestle S.A. Registered Shares | 135,652 | 10,712,202 | ||||||
Novartis AG Registered Shares | 144,229 | 11,636,521 |
See Notes to Financial Statements.
58 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2018
Investments | Shares | Value | ||||||
Partners Group Holding AG | 776 | $ | 575,355 | |||||
Roche Holding AG Bearer Shares | 4,965 | 1,149,997 | ||||||
Roche Holding AG Genusschein | 38,932 | 8,907,687 | ||||||
Schindler Holding AG Participation Certificate | 4,375 | 941,155 | ||||||
SGS S.A. Registered Shares | 433 | 1,061,700 | ||||||
Sonova Holding AG Registered Shares | 2,333 | 369,830 | ||||||
STMicroelectronics N.V. | 24,582 | 543,726 | ||||||
Sunrise Communications Group AG*(b) | 6,754 | 564,597 | ||||||
Swatch Group AG (The) Bearer Shares | 1,786 | 785,944 | ||||||
Swiss Life Holding AG Registered Shares* | 1,960 | 696,520 | ||||||
Swiss Re AG | 24,977 | 2,537,346 | ||||||
Swisscom AG Registered Shares(a) | 3,685 | 1,822,490 | ||||||
UBS Group AG Registered Shares* | 200,395 | 3,514,655 | ||||||
Vontobel Holding AG Registered Shares | 11,345 | 701,362 | ||||||
Zurich Insurance Group AG | 11,611 | 3,800,008 | ||||||
|
| |||||||
Total Switzerland | 67,490,800 | |||||||
United Kingdom – 18.6% | ||||||||
AA PLC | 91,833 | 103,703 | ||||||
Admiral Group PLC | 26,146 | 676,335 | ||||||
Aggreko PLC | 27,254 | 280,699 | ||||||
Antofagasta PLC | 42,013 | 542,799 | ||||||
Associated British Foods PLC | 15,351 | 536,421 | ||||||
AstraZeneca PLC | 82,519 | 5,666,916 | ||||||
Aviva PLC | 237,334 | 1,651,010 | ||||||
BAE Systems PLC | 177,579 | 1,448,313 | ||||||
Barclays PLC | 335,228 | 971,082 | ||||||
Barratt Developments PLC | 107,531 | 800,079 | ||||||
Bellway PLC | 10,234 | 437,722 | ||||||
Berkeley Group Holdings PLC | 16,494 | 876,691 | ||||||
BHP Billiton PLC | 115,598 | 2,276,090 | ||||||
Bodycote PLC | 35,455 | 445,140 | ||||||
BP PLC | 2,106,280 | 14,160,350 | ||||||
Brewin Dolphin Holdings PLC | 97,545 | 471,811 | ||||||
British American Tobacco PLC | 92,471 | 5,358,664 | ||||||
British Land Co. PLC (The) | 73,913 | 665,659 | ||||||
BT Group PLC | 725,650 | 2,315,818 | ||||||
Burberry Group PLC | 15,245 | 362,701 | ||||||
Carnival PLC | 11,260 | 723,435 | ||||||
Centrica PLC | 537,466 | 1,072,127 | ||||||
Close Brothers Group PLC | 17,146 | 345,152 | ||||||
CNH Industrial N.V. | 39,736 | 490,159 | ||||||
Coca-Cola European Partners PLC | 11,661 | 485,022 | ||||||
Compass Group PLC | 69,496 | 1,418,952 | ||||||
Costain Group PLC | 94,723 | 617,216 | ||||||
Countryside Properties PLC(b) | 54,243 | 238,777 | ||||||
De La Rue PLC | 42,157 | 301,012 | ||||||
Debenhams PLC(a) | 1,535,075 | 449,631 | ||||||
Derwent London PLC | 7,373 | 320,835 | ||||||
Devro PLC | 109,513 | 301,105 | ||||||
Diageo PLC | 103,177 | 3,491,049 | ||||||
Direct Line Insurance Group PLC | 88,158 | 471,546 | ||||||
Drax Group PLC | 36,814 | 141,811 | ||||||
Dunelm Group PLC | 29,742 | 219,875 | ||||||
easyJet PLC | 25,940 | 583,856 | ||||||
Electrocomponents PLC | 57,765 | 486,359 | ||||||
Elegant Hotels Group PLC | 165,704 | 199,907 | ||||||
Elementis PLC | 98,827 | 409,526 | ||||||
Equiniti Group PLC(b) | 170,388 | 713,476 | ||||||
Fresnillo PLC | 20,727 | 368,827 | ||||||
G4S PLC | 74,827 | 260,424 | ||||||
GlaxoSmithKline PLC | 376,362 | 7,359,771 | ||||||
Halma PLC | 18,660 | 308,618 | ||||||
Hammerson PLC | 57,501 | 432,834 | ||||||
Henry Boot PLC | 109,543 | 453,317 | ||||||
Howden Joinery Group PLC | 49,582 | 320,503 | ||||||
HSBC Holdings PLC | 1,556,170 | 14,525,650 | ||||||
Ibstock PLC(b) | 57,075 | 225,783 | ||||||
Imperial Brands PLC | 66,696 | 2,269,793 | ||||||
Inchcape PLC | 35,201 | 341,216 | ||||||
Informa PLC | 49,655 | 500,548 | ||||||
Inmarsat PLC | 46,376 | 235,569 | ||||||
InterContinental Hotels Group PLC | 9,370 | 560,996 | ||||||
Intertek Group PLC | 7,400 | 483,742 | ||||||
ITV PLC | 442,193 | 894,175 | ||||||
J Sainsbury PLC | 109,663 | 367,359 | ||||||
Jardine Lloyd Thompson Group PLC | 12,714 | 228,647 | ||||||
Kingfisher PLC | 123,472 | 506,629 | ||||||
Land Securities Group PLC | 39,428 | 518,306 | ||||||
Legal & General Group PLC | 463,858 | 1,677,505 | ||||||
Lloyds Banking Group PLC | 3,386,881 | 3,072,072 | ||||||
London Stock Exchange Group PLC | 11,636 | 673,486 | ||||||
Lookers PLC | 340,443 | 416,444 | ||||||
Marks & Spencer Group PLC | 148,748 | 563,809 | ||||||
McCarthy & Stone PLC(b) | 134,368 | 272,370 | ||||||
Mitchells & Butlers PLC | 62,313 | 218,007 | ||||||
Mondi PLC | 23,047 | 619,126 | ||||||
Moneysupermarket.com Group PLC | 60,437 | 243,152 | ||||||
Morgan Advanced Materials PLC | 121,412 | 542,289 | ||||||
National Grid PLC | 238,986 | 2,689,372 | ||||||
Next PLC | 8,215 | 548,427 | ||||||
Old Mutual PLC | 179,825 | 603,655 | ||||||
PayPoint PLC | 30,227 | 338,371 | ||||||
Pearson PLC | 103,509 | 1,087,566 | ||||||
Pennon Group PLC | 40,247 | 363,254 | ||||||
Persimmon PLC | 29,949 | 1,062,915 | ||||||
Polar Capital Holdings PLC | 28,171 | 203,124 | ||||||
Prudential PLC | 84,416 | 2,106,078 | ||||||
Reckitt Benckiser Group PLC | 23,775 | 2,012,434 | ||||||
Redde PLC | 261,264 | 616,455 | ||||||
Redrow PLC | 49,666 | 414,894 | ||||||
RELX N.V. | 63,843 | 1,321,447 | ||||||
RELX PLC | 51,076 | 1,049,664 | ||||||
Rentokil Initial PLC | 96,479 | 367,721 | ||||||
Rightmove PLC | 2,547 | 155,315 | ||||||
Rio Tinto PLC | 89,497 | 4,533,480 | ||||||
Rolls-Royce Holdings PLC* | 41,669 | 509,479 | ||||||
Rotork PLC | 96,521 | 384,941 | ||||||
Royal Dutch Shell PLC Class A | 505,328 | 15,832,703 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 59 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Equity Fund (DWM)
March 31, 2018
Investments | Shares | Value | ||||||
Royal Dutch Shell PLC Class B | 419,697 | $ | 13,405,859 | |||||
Royal Mail PLC | 117,708 | 892,973 | ||||||
RPC Group PLC | 21,283 | 230,845 | ||||||
RPS Group PLC | 89,739 | 321,009 | ||||||
RSA Insurance Group PLC | 44,124 | 389,952 | ||||||
Saga PLC | 122,921 | 194,505 | ||||||
Sage Group PLC (The) | 72,996 | 654,533 | ||||||
Schroders PLC | 7,365 | 329,785 | ||||||
Segro PLC | 92,342 | 778,779 | ||||||
Severn Trent PLC | 16,764 | 433,645 | ||||||
Smith & Nephew PLC | 32,694 | 610,438 | ||||||
Smiths Group PLC | 26,704 | 566,963 | ||||||
Soco International PLC | 194,579 | 250,573 | ||||||
Spectris PLC | 8,678 | 327,954 | ||||||
Spirax-Sarco Engineering PLC | 3,785 | 305,567 | ||||||
SSE PLC | 108,780 | 1,947,132 | ||||||
Stagecoach Group PLC | 178,552 | 330,624 | ||||||
Standard Life Aberdeen PLC | 243,131 | 1,226,808 | ||||||
TalkTalk Telecom Group PLC(a) | 156,410 | 254,079 | ||||||
Tate & Lyle PLC | 65,044 | 496,913 | ||||||
Unilever N.V. CVA | 73,541 | 4,148,686 | ||||||
Unilever PLC | 57,543 | 3,192,932 | ||||||
United Utilities Group PLC | 50,168 | 503,468 | ||||||
Vodafone Group PLC | 2,597,251 | 7,076,257 | ||||||
WH Smith PLC | 26,353 | 720,136 | ||||||
Whitbread PLC | 8,140 | 422,495 | ||||||
William Hill PLC | 118,095 | 547,187 | ||||||
WM Morrison Supermarkets PLC | 147,026 | 440,339 | ||||||
|
| |||||||
Total United Kingdom | 170,191,529 | |||||||
TOTAL COMMON STOCKS (Cost: $800,533,724) | 909,511,849 | |||||||
EXCHANGE-TRADED FUND – 0.0% | ||||||||
United States – 0.0% | ||||||||
WisdomTree International Dividend Ex-Financials Fund(c) (Cost: $171) | 4 | 174 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.9% | ||||||||
United States – 3.9% | ||||||||
State Street Navigator Securities Lending | ||||||||
(Cost: $35,599,611)(e) | 35,599,611 | 35,599,611 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 103.3% (Cost: $836,133,506) |
| 945,111,634 | ||||||
Other Assets less Liabilities – (3.3)% | (30,118,103 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 914,993,437 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $41,672,599 and the total market value of the collateral held by the Fund was $43,940,194. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $8,340,583. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
RSP – Risparmio Italian Savings Shares
See Notes to Financial Statements.
60 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.5% | ||||||||
Australia – 4.8% | ||||||||
Aristocrat Leisure Ltd. | 57,677 | $ | 1,064,442 | |||||
Bapcor Ltd.(a) | 129,309 | 563,379 | ||||||
BT Investment Management Ltd. | 124,046 | 956,252 | ||||||
carsales.com Ltd. | 68,091 | 705,617 | ||||||
Cochlear Ltd. | 10,588 | 1,475,031 | ||||||
Crown Resorts Ltd. | 230,593 | 2,244,561 | ||||||
CSL Ltd. | 65,634 | 7,826,565 | ||||||
Domino’s Pizza Enterprises Ltd.(a) | 9,224 | 295,251 | ||||||
JB Hi-Fi Ltd.(a) | 8,736 | 172,951 | ||||||
Magellan Financial Group Ltd. | 54,671 | 999,740 | ||||||
Medibank Pvt Ltd. | 1,216,610 | 2,706,282 | ||||||
NIB Holdings Ltd. | 135,205 | 661,663 | ||||||
Northern Star Resources Ltd. | 110,991 | 534,652 | ||||||
Pact Group Holdings Ltd. | 145,567 | 611,881 | ||||||
Ramsay Health Care Ltd. | 34,642 | 1,655,976 | ||||||
REA Group Ltd. | 12,871 | 782,017 | ||||||
Seek Ltd. | 112,363 | 1,603,098 | ||||||
Technology One Ltd. | 1,391 | 5,538 | ||||||
TPG Telecom Ltd.(a) | 241,256 | 1,015,954 | ||||||
|
| |||||||
Total Australia | 25,880,850 | |||||||
Austria – 0.2% | ||||||||
ams AG* | 8,138 | 848,643 | ||||||
Belgium – 0.2% | ||||||||
Melexis N.V. | 10,524 | 1,048,379 | ||||||
China – 2.9% | ||||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 135,000 | 253,545 | ||||||
China Everbright International Ltd. | 926,000 | 1,297,861 | ||||||
China Overseas Land & Investment Ltd. | 3,520,000 | 12,221,755 | ||||||
CSPC Pharmaceutical Group Ltd. | 860,000 | 2,284,699 | ||||||
|
| |||||||
Total China | 16,057,860 | |||||||
Denmark – 6.9% | ||||||||
Chr Hansen Holding A/S | 13,218 | 1,136,230 | ||||||
Coloplast A/S Class B | 49,494 | 4,169,618 | ||||||
Dfds A/S | 9,586 | 534,902 | ||||||
DSV A/S | 15,566 | 1,218,128 | ||||||
GN Store Nord A/S | 11,893 | 418,744 | ||||||
Novo Nordisk A/S Class B | 553,350 | 27,161,251 | ||||||
Pandora A/S(a) | 11,360 | 1,217,926 | ||||||
Royal Unibrew A/S | 15,198 | 1,003,521 | ||||||
SimCorp A/S | 10,252 | 710,091 | ||||||
|
| |||||||
Total Denmark | 37,570,411 | |||||||
Finland – 0.9% | ||||||||
Konecranes Oyj | 19,835 | 859,647 | ||||||
Nokian Renkaat Oyj | 43,638 | 1,980,357 | ||||||
Uponor Oyj | 32,224 | 537,789 | ||||||
Wartsila Oyj Abp | 64,238 | 1,418,106 | ||||||
|
| |||||||
Total Finland | 4,795,899 | |||||||
France – 8.3% | ||||||||
Airbus SE | 150,328 | 17,341,834 | ||||||
Hermes International | 5,467 | 3,237,410 | ||||||
Ipsen S.A. | 12,032 | 1,866,712 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 62,243 | 19,152,705 | ||||||
Sartorius Stedim Biotech | 7,531 | 680,294 | ||||||
SEB S.A. | 4,344 | 829,151 | ||||||
Valeo S.A. | 31,789 | 2,097,094 | ||||||
|
| |||||||
Total France | 45,205,200 | |||||||
Germany – 5.7% | ||||||||
adidas AG | 17,108 | 4,137,571 | ||||||
Continental AG | 28,309 | 7,809,192 | ||||||
Covestro AG(b) | 45,464 | 4,465,286 | ||||||
CTS Eventim AG & Co. KGaA | 13,889 | 650,118 | ||||||
Fuchs Petrolub SE | 20,008 | 1,017,493 | ||||||
Hella GmbH & Co. KGaA | 11,158 | 732,790 | ||||||
Henkel AG & Co. KGaA | 37,741 | 4,748,335 | ||||||
Infineon Technologies AG | 148,873 | 3,980,410 | ||||||
Pfeiffer Vacuum Technology AG | 3,103 | 481,989 | ||||||
United Internet AG Registered Shares | 43,670 | 2,744,457 | ||||||
|
| |||||||
Total Germany | 30,767,641 | |||||||
Hong Kong – 0.7% | ||||||||
Galaxy Entertainment Group Ltd. | 258,000 | 2,342,227 | ||||||
Techtronic Industries Co., Ltd. | 178,000 | 1,037,613 | ||||||
Vitasoy International Holdings Ltd. | 192,000 | 494,171 | ||||||
|
| |||||||
Total Hong Kong | 3,874,011 | |||||||
Ireland – 0.3% | ||||||||
Glanbia PLC | 27,922 | 480,758 | ||||||
Irish Continental Group PLC | 117,481 | 826,449 | ||||||
Kerry Group PLC Class A | 6,022 | 610,268 | ||||||
|
| |||||||
Total Ireland | 1,917,475 | |||||||
Israel – 0.6% | ||||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 2,402,971 | 3,066,297 | ||||||
Italy – 1.5% | ||||||||
Anima Holding SpA(b) | 188,126 | 1,274,831 | ||||||
Banca IFIS SpA | 14,317 | 550,771 | ||||||
De’ Longhi SpA | 35,691 | 1,058,737 | ||||||
DiaSorin SpA | 8,050 | 723,712 | ||||||
Ferrari N.V. | 10,787 | 1,294,004 | ||||||
Industria Macchine Automatiche SpA | 9,645 | 937,684 | ||||||
Moncler SpA | 22,150 | 841,753 | ||||||
Recordati SpA | 43,355 | 1,598,539 | ||||||
|
| |||||||
Total Italy | 8,280,031 | |||||||
Japan – 15.5% | ||||||||
Asahi Intecc Co., Ltd. | 11,600 | 459,746 | ||||||
Brother Industries Ltd. | 41,800 | 971,993 | ||||||
COLOPL, Inc. | 24,500 | 213,324 | ||||||
CyberAgent, Inc.(a) | 9,000 | 447,673 | ||||||
Daikin Industries Ltd. | 44,500 | 4,910,273 | ||||||
DeNA Co., Ltd.(a) | 15,700 | 283,441 | ||||||
Fast Retailing Co., Ltd. | 5,400 | 2,195,543 | ||||||
Fujitsu General Ltd. | 4,400 | 78,733 | ||||||
Haseko Corp.(a) | 25,600 | 389,717 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 61 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2018
Investments | Shares | Value | ||||||
Hikari Tsushin, Inc. | 9,300 | $ | 1,487,475 | |||||
Hino Motors Ltd. | 129,800 | 1,670,862 | ||||||
Hoya Corp. | 56,800 | 2,833,324 | ||||||
Ichigo, Inc.(a) | 102,900 | 452,818 | ||||||
Japan Lifeline Co., Ltd. | 7,200 | 209,873 | ||||||
Kakaku.com, Inc.(a) | 39,900 | 698,578 | ||||||
Keyence Corp. | 2,000 | 1,241,937 | ||||||
Kose Corp. | 4,900 | 1,026,074 | ||||||
Kubota Corp. | 242,500 | 4,245,745 | ||||||
M3, Inc. | 13,600 | 611,265 | ||||||
Makita Corp. | 34,300 | 1,677,104 | ||||||
Meitec Corp. | 17,600 | 974,744 | ||||||
Mixi, Inc. | 24,600 | 909,055 | ||||||
MonotaRO Co., Ltd.(a) | 6,700 | 240,658 | ||||||
Murata Manufacturing Co., Ltd. | 34,240 | 4,690,896 | ||||||
Nabtesco Corp. | 27,600 | 1,065,331 | ||||||
NGK Insulators Ltd. | 71,200 | 1,227,840 | ||||||
Nidec Corp. | 23,600 | 3,637,085 | ||||||
Nippon Paint Holdings Co., Ltd. | 35,300 | 1,296,159 | ||||||
Nitori Holdings Co., Ltd. | 5,800 | 1,025,567 | ||||||
Obic Co., Ltd. | 19,300 | 1,606,065 | ||||||
Open House Co., Ltd. | 14,200 | 881,241 | ||||||
Oracle Corp. | 21,300 | 1,732,440 | ||||||
Persol Holdings Co., Ltd. | 23,900 | 695,538 | ||||||
Pigeon Corp. | 19,200 | 867,475 | ||||||
Ryohin Keikaku Co., Ltd. | 2,700 | 906,347 | ||||||
Seiko Epson Corp. | 112,700 | 2,003,909 | ||||||
Shimano, Inc. | 5,400 | 778,900 | ||||||
Shionogi & Co., Ltd. | 45,600 | 2,354,392 | ||||||
Square Enix Holdings Co., Ltd. | 19,700 | 902,106 | ||||||
Start Today Co., Ltd. | 17,600 | 470,326 | ||||||
Starts Corp., Inc. | 11,200 | 304,670 | ||||||
Subaru Corp. | 204,400 | 6,701,860 | ||||||
Sundrug Co., Ltd. | 17,100 | 790,282 | ||||||
Sysmex Corp. | 18,900 | 1,713,174 | ||||||
T-Gaia Corp. | 27,700 | 771,224 | ||||||
Taiyo Holdings Co., Ltd. | 8,600 | 369,553 | ||||||
TechnoPro Holdings, Inc. | 9,800 | 590,672 | ||||||
Tokyo Electron Ltd. | 34,200 | 6,436,418 | ||||||
Tokyo Steel Manufacturing Co., Ltd.(a) | 34,900 | 280,578 | ||||||
Trend Micro, Inc. | 46,300 | 2,764,504 | ||||||
Tsuruha Holdings, Inc. | 4,400 | 627,626 | ||||||
USS Co., Ltd. | 54,700 | 1,105,830 | ||||||
Yahoo Japan Corp.(a) | 1,139,500 | 5,293,023 | ||||||
Yamaha Motor Co., Ltd. | 48,800 | 1,459,182 | ||||||
Zenkoku Hosho Co., Ltd. | 9,400 | 412,769 | ||||||
|
| |||||||
Total Japan | 83,992,937 | |||||||
Netherlands – 2.7% | ||||||||
ASML Holding N.V. | 49,931 | 9,834,437 | ||||||
BE Semiconductor Industries N.V. | 10,439 | 1,066,230 | ||||||
Flow Traders(b) | 5,383 | 229,194 | ||||||
GrandVision N.V.(b) | 26,808 | 610,601 | ||||||
Koninklijke Vopak N.V. | 41,052 | 2,011,940 | ||||||
TKH Group N.V. CVA | 13,493 | 862,907 | ||||||
|
| |||||||
Total Netherlands | 14,615,309 | |||||||
New Zealand – 0.5% | ||||||||
Fisher & Paykel Healthcare Corp., Ltd. | 158,523 | 1,509,532 | ||||||
Mainfreight Ltd. | 38,491 | 683,078 | ||||||
Ryman Healthcare Ltd. | 38,279 | 292,437 | ||||||
|
| |||||||
Total New Zealand | 2,485,047 | |||||||
Norway – 1.5% | ||||||||
Borregaard ASA | 20,859 | 196,609 | ||||||
Entra ASA(b) | 45,282 | 615,991 | ||||||
Orkla ASA | 305,220 | 3,271,096 | ||||||
Salmar ASA | 54,032 | 2,210,571 | ||||||
Tomra Systems ASA | 34,010 | 710,441 | ||||||
Veidekke ASA | 49,623 | 554,320 | ||||||
XXL ASA(b) | 61,048 | 625,180 | ||||||
|
| |||||||
Total Norway | 8,184,208 | |||||||
Portugal – 0.7% | ||||||||
Jeronimo Martins, SGPS, S.A. | 205,934 | 3,749,633 | ||||||
Singapore – 0.1% | ||||||||
First Resources Ltd. | 367,500 | 470,831 | ||||||
SIA Engineering Co., Ltd. | 129,900 | 315,017 | ||||||
|
| |||||||
Total Singapore | 785,848 | |||||||
Spain – 3.9% | ||||||||
Almirall S.A.(a) | 37,731 | 445,009 | ||||||
Amadeus IT Group S.A. | 87,889 | 6,483,258 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 67,182 | 639,921 | ||||||
Cie Automotive S.A. | �� | 16,326 | 582,278 | |||||
Industria de Diseno Textil S.A. | 364,604 | 11,403,025 | ||||||
Prosegur Cia de Seguridad S.A. | 122,663 | 941,349 | ||||||
Tecnicas Reunidas S.A.(a) | 21,383 | 630,886 | ||||||
|
| |||||||
Total Spain | 21,125,726 | |||||||
Sweden – 7.0% | ||||||||
AAK AB | 7,156 | 629,743 | ||||||
Assa Abloy AB Class B | 190,266 | 4,097,348 | ||||||
Atlas Copco AB Class A | 155,699 | 6,715,203 | ||||||
Atlas Copco AB Class B | 118,752 | 4,601,307 | ||||||
Axfood AB | 69,551 | 1,185,510 | ||||||
Boliden AB | 65,229 | 2,278,202 | ||||||
Bonava AB Class B | 1,413 | 19,335 | ||||||
Castellum AB | 55,489 | 904,409 | ||||||
Fabege AB | 48,696 | 1,051,277 | ||||||
Hemfosa Fastigheter AB | 81,554 | 986,462 | ||||||
Hennes & Mauritz AB Class B(a) | 202,468 | 3,026,334 | ||||||
Hexpol AB | 61,065 | 563,999 | ||||||
Indutrade AB | 26,620 | 684,031 | ||||||
Intrum Justitia AB(a) | 30,733 | 868,618 | ||||||
Investment AB Latour Class B | 137,324 | 1,556,103 | ||||||
JM AB | 11,414 | 258,269 | ||||||
Lifco AB Class B | 17,327 | 664,131 | ||||||
Loomis AB Class B | 20,567 | 737,728 | ||||||
Peab AB | 95,888 | 859,864 |
See Notes to Financial Statements.
62 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2018
Investments | Shares | Value | ||||||
Sandvik AB | 256,554 | $ | 4,670,160 | |||||
Trelleborg AB Class B | 61,730 | 1,546,420 | ||||||
|
| |||||||
Total Sweden | 37,904,453 | |||||||
Switzerland – 11.9% | ||||||||
EMS-Chemie Holding AG Registered Shares | 6,047 | 3,807,791 | ||||||
Geberit AG Registered Shares | 8,344 | 3,680,562 | ||||||
Givaudan S.A. Registered Shares | 2,415 | 5,487,719 | ||||||
Logitech International S.A. Registered Shares | 25,011 | 913,100 | ||||||
Oriflame Holding AG | 13,121 | 626,690 | ||||||
Partners Group Holding AG | 7,489 | 5,552,621 | ||||||
Roche Holding AG Bearer Shares | 37,284 | 8,635,747 | ||||||
Roche Holding AG Genusschein | 120,071 | 27,472,385 | ||||||
Schindler Holding AG Participation Certificate | 9,059 | 1,948,782 | ||||||
Schindler Holding AG Registered Shares | 8,277 | 1,728,697 | ||||||
Sonova Holding AG Registered Shares | 8,689 | 1,377,392 | ||||||
Straumann Holding AG Registered Shares(a) | 1,921 | 1,207,646 | ||||||
Swatch Group AG (The) Bearer Shares | 3,700 | 1,628,216 | ||||||
Temenos Group AG Registered Shares* | 7,127 | 851,430 | ||||||
|
| |||||||
Total Switzerland | 64,918,778 | |||||||
United Kingdom – 22.7% | ||||||||
Ashtead Group PLC | 77,180 | 2,100,401 | ||||||
AVEVA Group PLC | 15,239 | 408,520 | ||||||
Berkeley Group Holdings PLC | 36,791 | 1,955,519 | ||||||
Brewin Dolphin Holdings PLC | 91,041 | 440,352 | ||||||
British American Tobacco PLC | 286,793 | 16,619,559 | ||||||
Burberry Group PLC | 45,980 | 1,093,933 | ||||||
Coca-Cola European Partners PLC | 65,261 | 2,714,436 | ||||||
Compass Group PLC | 202,841 | 4,141,558 | ||||||
Crest Nicholson Holdings PLC | 84,238 | 536,960 | ||||||
Croda International PLC | 30,454 | 1,951,489 | ||||||
Dart Group PLC | 8,055 | 94,069 | ||||||
Diageo PLC | 437,254 | 14,794,723 | ||||||
Domino’s Pizza Group PLC | 66,763 | 309,530 | ||||||
Dunelm Group PLC | 77,646 | 574,018 | ||||||
easyJet PLC | 123,119 | 2,771,153 | ||||||
Electrocomponents PLC | 55,365 | 466,152 | ||||||
Greggs PLC | 48,367 | 833,867 | ||||||
Halma PLC | 54,517 | 901,657 | ||||||
Hargreaves Lansdown PLC | 83,277 | 1,907,687 | ||||||
HomeServe PLC | 59,772 | 618,799 | ||||||
Howden Joinery Group PLC | 55,480 | 358,628 | ||||||
Ibstock PLC(b) | 117,509 | 464,853 | ||||||
Jardine Lloyd Thompson Group PLC | 82,640 | 1,486,189 | ||||||
Johnson Matthey PLC | 36,012 | 1,536,746 | ||||||
Marshalls PLC | 45,644 | 267,771 | ||||||
Mediclinic International PLC(a) | 61,079 | 514,947 |
Investments | Shares | Value | ||||||
Merlin Entertainments PLC(b) | 58,309 | $ | 283,504 | |||||
Pagegroup PLC | 127,510 | 959,643 | ||||||
Persimmon PLC | 92,484 | 3,282,335 | ||||||
Reckitt Benckiser Group PLC | 96,474 | 8,166,037 | ||||||
RELX PLC | 192,601 | 3,958,147 | ||||||
Renishaw PLC | 21,906 | 1,384,682 | ||||||
Sage Group PLC (The) | 189,955 | 1,703,269 | ||||||
Savills PLC | 52,288 | 719,926 | ||||||
Spirax-Sarco Engineering PLC | 5,335 | 430,701 | ||||||
Superdry PLC | 25,975 | 568,793 | ||||||
Taylor Wimpey PLC | 409,414 | 1,060,206 | ||||||
Ted Baker PLC | 17,610 | 617,583 | ||||||
Unilever N.V. CVA | 408,739 | 23,058,291 | ||||||
Unilever PLC | 232,528 | 12,902,456 | ||||||
Unite Group PLC (The) | 72,601 | 806,101 | ||||||
Victrex PLC | 24,586 | 885,684 | ||||||
WH Smith PLC | 34,099 | 931,808 | ||||||
William Hill PLC | 306,650 | 1,420,847 | ||||||
ZPG PLC(b) | 67,609 | 318,669 | ||||||
|
| |||||||
Total United Kingdom | 123,322,198 | |||||||
TOTAL COMMON STOCKS (Cost: $471,197,026) | 540,396,834 | |||||||
RIGHTS – 0.0% | ||||||||
Italy – 0.0% | ||||||||
Anima Holding SpA, expiring 4/12/18* | ||||||||
(Cost $0) | 188,659 | 71,927 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.4% | ||||||||
United States – 1.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $7,588,253)(d) | 7,588,253 | 7,588,253 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.9% (Cost: $478,785,279) | 548,057,014 | |||||||
Other Assets less Liabilities – (0.9)% | (4,865,161 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 543,191,853 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $16,078,154 and the total market value of the collateral held by the Fund was $16,823,303. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $9,235,050. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 63 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2018
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. | 4/3/2018 | 2,849,573 | ILS | 811,761 | USD | $ | — | $ | (113 | ) | ||||||||||||||||||
Bank of America N.A. | 4/3/2018 | 823,259 | USD | 2,855,562 | ILS | 9,906 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 7,610,487 | AUD | 5,837,274 | USD | 350 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 13,596,400 | CHF | 14,199,243 | USD | — | (830 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 50,280,263 | DKK | 8,295,841 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 26,850,430 | EUR | 33,023,935 | USD | — | (1,921 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 14,730,053 | GBP | 20,664,556 | USD | — | (1,238 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 33,346,207 | HKD | 4,249,099 | USD | — | (254 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 1,918,361,986 | JPY | 18,041,791 | USD | — | (2,454 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 12,912,396 | NOK | 1,644,528 | USD | 164 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 698,912 | NZD | 504,195 | USD | — | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 69,958,097 | SEK | 8,354,239 | USD | — | (834 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 264,783 | SGD | 201,953 | USD | — | (24 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 5,919,955 | USD | 7,597,166 | AUD | 92,549 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 14,400,366 | USD | 13,568,198 | CHF | 231,404 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 8,413,345 | USD | 51,224,516 | DKK | — | (38,290 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 33,491,696 | USD | 27,388,767 | EUR | — | (192,391 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 20,957,255 | USD | 15,185,745 | GBP | — | (345,309 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 4,309,284 | USD | 33,688,254 | HKD | 16,857 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 18,297,340 | USD | 1,947,693,291 | JPY | — | (17,814 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 1,667,822 | USD | 13,140,328 | NOK | — | (5,903 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 511,337 | USD | 708,185 | NZD | 453 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 8,472,571 | USD | 70,013,972 | SEK | 112,494 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 204,813 | USD | 270,810 | SGD | — | (1,712 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/2/2018 | 5,458,171 | USD | 7,116,232 | AUD | — | (387 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/2/2018 | 7,904,574 | USD | 47,813,796 | DKK | — | (89 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/2/2018 | 20,566,122 | USD | 14,642,614 | GBP | 1,012 | — | |||||||||||||||||||||
Bank of America N.A. | 5/2/2018 | 723,390 | USD | 2,534,802 | ILS | 138 | — | |||||||||||||||||||||
Bank of America N.A. | 5/2/2018 | 499,909 | USD | 693,037 | NZD | — | (10 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/3/2018 | 13,869,150 | USD | 13,249,019 | CHF | 757 | — | |||||||||||||||||||||
Bank of America N.A. | 5/3/2018 | 32,863,130 | USD | 26,664,944 | EUR | 1,466 | — | |||||||||||||||||||||
Bank of America N.A. | 5/3/2018 | 4,166,167 | USD | 32,662,999 | HKD | 57 | — | |||||||||||||||||||||
Bank of America N.A. | 5/3/2018 | 1,717,941 | USD | 13,477,087 | NOK | — | (190 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/3/2018 | 7,952,755 | USD | 66,460,378 | SEK | 780 | — | |||||||||||||||||||||
Bank of America N.A. | 5/4/2018 | 195,911 | USD | 256,706 | SGD | — | — | |||||||||||||||||||||
Bank of America N.A. | 5/7/2018 | 17,402,820 | USD | 1,846,677,620 | JPY | 6,033 | — | |||||||||||||||||||||
Bank of Montreal | 4/3/2018 | 30,000 | USD | 28,682 | CHF | 48 | — | |||||||||||||||||||||
Bank of Montreal | 4/3/2018 | 823,259 | USD | 2,856,346 | ILS | 9,682 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 5,919,955 | USD | 7,597,088 | AUD | 92,609 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 14,400,366 | USD | 13,568,111 | CHF | 231,495 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 8,413,345 | USD | 51,225,888 | DKK | — | (38,517 | ) | ||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 33,491,696 | USD | 27,389,237 | EUR | — | (192,969 | ) | ||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 20,957,255 | USD | 15,185,712 | GBP | — | (345,262 | ) | ||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 4,309,284 | USD | 33,689,663 | HKD | 16,678 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 18,297,340 | USD | 1,947,665,845 | JPY | — | (17,556 | ) | ||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 1,667,822 | USD | 13,140,903 | NOK | — | (5,976 | ) | ||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 511,337 | USD | 708,204 | NZD | 439 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 8,472,571 | USD | 70,014,726 | SEK | 112,404 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 204,813 | USD | 270,833 | SGD | — | (1,730 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/3/2018 | 2,849,703 | ILS | 811,761 | USD | — | (76 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/3/2018 | 823,259 | USD | 2,855,655 | ILS | 9,879 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 7,610,229 | AUD | 5,837,274 | USD | 152 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 13,596,911 | CHF | 14,199,243 | USD | — | (297 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 50,279,018 | DKK | 8,295,841 | USD | — | (205 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 26,851,347 | EUR | 33,023,935 | USD | — | (794 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 14,730,515 | GBP | 20,664,556 | USD | — | (589 | ) |
See Notes to Financial Statements.
64 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2018
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 | 4/4/2018 | 33,347,354 | HKD | 4,249,099 | USD | $ | — | $ | (108 | ) | ||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 1,918,394,462 | JPY | 18,041,791 | USD | — | (2,149 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 12,911,436 | NOK | 1,644,528 | USD | 42 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 698,892 | NZD | 504,195 | USD | — | (14 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 69,963,326 | SEK | 8,354,239 | USD | — | (209 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 264,803 | SGD | 201,953 | USD | — | (9 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 5,919,955 | USD | 7,596,991 | AUD | 92,683 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 14,400,366 | USD | 13,568,025 | CHF | 231,585 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 8,413,345 | USD | 51,224,609 | DKK | — | (38,306 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 33,491,696 | USD | 27,389,573 | EUR | — | (193,382 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 20,957,255 | USD | 15,185,921 | GBP | — | (345,555 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 4,309,284 | USD | 33,688,474 | HKD | 16,829 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 18,297,340 | USD | 1,947,669,504 | JPY | — | (17,591 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 1,667,822 | USD | 13,139,697 | NOK | — | (5,822 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 511,337 | USD | 708,194 | NZD | 446 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 8,472,571 | USD | 70,014,107 | SEK | 112,478 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 204,813 | USD | 270,801 | SGD | — | (1,705 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/2/2018 | 5,458,171 | USD | 7,116,000 | AUD | — | (209 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/2/2018 | 7,904,574 | USD | 47,814,191 | DKK | — | (154 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/2/2018 | 20,566,122 | USD | 14,643,114 | GBP | 309 | — | |||||||||||||||||||||
Barclays Bank PLC | 5/2/2018 | 723,390 | USD | 2,535,164 | ILS | 35 | — | |||||||||||||||||||||
Barclays Bank PLC | 5/2/2018 | 499,909 | USD | 693,012 | NZD | 8 | — | |||||||||||||||||||||
Barclays Bank PLC | 5/3/2018 | 13,869,150 | USD | 13,249,712 | CHF | 31 | — | |||||||||||||||||||||
Barclays Bank PLC | 5/3/2018 | 32,863,130 | USD | 26,666,285 | EUR | — | (188 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/3/2018 | 4,166,167 | USD | 32,665,041 | HKD | — | (204 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/3/2018 | 1,717,941 | USD | 13,476,306 | NOK | — | (91 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/3/2018 | 7,952,755 | USD | 66,465,484 | SEK | 169 | — | |||||||||||||||||||||
Barclays Bank PLC | 5/4/2018 | 195,911 | USD | 256,720 | SGD | — | (10 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/7/2018 | 17,402,820 | USD | 1,846,740,270 | JPY | 5,443 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/3/2018 | 823,259 | USD | 2,856,100 | ILS | 9,752 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 5,919,955 | USD | 7,596,893 | AUD | 92,758 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 14,400,366 | USD | 13,568,457 | CHF | 231,134 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 8,413,345 | USD | 51,229,110 | DKK | — | (39,048 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 33,491,696 | USD | 27,390,245 | EUR | — | (194,209 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 20,957,255 | USD | 15,186,747 | GBP | — | (346,713 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 4,309,284 | USD | 33,688,733 | HKD | 16,796 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 18,297,340 | USD | 1,948,044,600 | JPY | — | (21,118 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 1,667,822 | USD | 13,139,735 | NOK | — | (5,827 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 511,337 | USD | 708,203 | NZD | 439 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 8,472,571 | USD | 70,016,649 | SEK | 112,174 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 204,813 | USD | 270,826 | SGD | — | (1,725 | ) | ||||||||||||||||||||
Citibank N.A. | 4/3/2018 | 2,849,634 | ILS | 811,761 | USD | — | (96 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 7,610,259 | AUD | 5,837,274 | USD | 175 | — | |||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 13,596,783 | CHF | 14,199,243 | USD | — | (430 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 50,277,749 | DKK | 8,295,841 | USD | — | (415 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 26,851,194 | EUR | 33,023,935 | USD | — | (982 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 14,731,376 | GBP | 20,664,556 | USD | 619 | — | |||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 33,346,538 | HKD | 4,249,099 | USD | — | (212 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 1,918,417,916 | JPY | 18,041,791 | USD | — | (1,928 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 12,911,495 | NOK | 1,644,528 | USD | 49 | — | |||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 698,933 | NZD | 504,195 | USD | 15 | — | |||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 69,962,984 | SEK | 8,354,239 | USD | — | (250 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 264,796 | SGD | 201,953 | USD | — | (14 | ) | ||||||||||||||||||||
Citibank N.A. | 5/2/2018 | 5,458,171 | USD | 7,116,102 | AUD | — | (287 | ) | ||||||||||||||||||||
Citibank N.A. | 5/2/2018 | 7,904,574 | USD | 47,810,792 | DKK | 408 | — | |||||||||||||||||||||
Citibank N.A. | 5/2/2018 | 20,566,122 | USD | 14,643,980 | GBP | — | (906 | ) | ||||||||||||||||||||
Citibank N.A. | 5/2/2018 | 723,390 | USD | 2,535,060 | ILS | 64 | — | |||||||||||||||||||||
Citibank N.A. | 5/2/2018 | 499,909 | USD | 693,060 | NZD | — | (27 | ) | ||||||||||||||||||||
Citibank N.A. | 5/3/2018 | 13,869,150 | USD | 13,249,768 | CHF | — | (27 | ) |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 65 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2018
Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Citibank N.A. | 5/3/2018 | 32,863,130 | USD | 26,666,026 | EUR | $ | 132 | $ | — | |||||||||||||||||||
Citibank N.A. | 5/3/2018 | 4,166,167 | USD | 32,662,366 | HKD | 138 | — | |||||||||||||||||||||
Citibank N.A. | 5/3/2018 | 1,717,941 | USD | 13,476,168 | NOK | — | (73 | ) | ||||||||||||||||||||
Citibank N.A. | 5/3/2018 | 7,952,755 | USD | 66,464,323 | SEK | 308 | — | |||||||||||||||||||||
Citibank N.A. | 5/4/2018 | 195,911 | USD | 256,709 | SGD | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 5/7/2018 | 17,402,820 | USD | 1,846,748,972 | JPY | 5,361 | — | |||||||||||||||||||||
Credit Suisse International | 4/3/2018 | 2,849,536 | ILS | 811,761 | USD | — | (124 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 7,610,219 | AUD | 5,837,274 | USD | 144 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 13,596,854 | CHF | 14,199,243 | USD | — | (356 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 50,279,002 | DKK | 8,295,841 | USD | — | (208 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 26,851,325 | EUR | 33,023,935 | USD | — | (821 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 14,730,568 | GBP | 20,664,556 | USD | — | (516 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 33,346,538 | HKD | 4,249,099 | USD | — | (212 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 1,918,389,049 | JPY | 18,041,791 | USD | — | (2,199 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 12,911,429 | NOK | 1,644,528 | USD | 41 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 698,894 | NZD | 504,195 | USD | — | (13 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 69,963,335 | SEK | 8,354,239 | USD | — | (209 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 264,789 | SGD | 201,953 | USD | — | (19 | ) | ||||||||||||||||||||
Credit Suisse International | 5/2/2018 | 5,458,171 | USD | 7,116,250 | AUD | — | (401 | ) | ||||||||||||||||||||
Credit Suisse International | 5/2/2018 | 7,904,574 | USD | 47,814,673 | DKK | — | (234 | ) | ||||||||||||||||||||
Credit Suisse International | 5/2/2018 | 20,566,122 | USD | 14,643,489 | GBP | — | (218 | ) | ||||||||||||||||||||
Credit Suisse International | 5/2/2018 | 723,390 | USD | 2,535,228 | ILS | 16 | — | |||||||||||||||||||||
Credit Suisse International | 5/2/2018 | 499,909 | USD | 693,015 | NZD | 6 | — | |||||||||||||||||||||
Credit Suisse International | 5/3/2018 | 13,869,150 | USD | 13,249,698 | CHF | 45 | — | |||||||||||||||||||||
Credit Suisse International | 5/3/2018 | 32,863,130 | USD | 26,666,545 | EUR | — | (508 | ) | ||||||||||||||||||||
Credit Suisse International | 5/3/2018 | 4,166,167 | USD | 32,663,616 | HKD | — | (22 | ) | ||||||||||||||||||||
Credit Suisse International | 5/3/2018 | 1,717,941 | USD | 13,476,639 | NOK | — | (133 | ) | ||||||||||||||||||||
Credit Suisse International | 5/3/2018 | 7,952,755 | USD | 66,467,067 | SEK | — | (20 | ) | ||||||||||||||||||||
Credit Suisse International | 5/4/2018 | 195,911 | USD | 256,706 | SGD | — | — | |||||||||||||||||||||
Credit Suisse International | 5/7/2018 | 17,402,820 | USD | 1,846,717,647 | JPY | 5,656 | — | |||||||||||||||||||||
Goldman Sachs | 4/3/2018 | 2,171,231 | ILS | 618,487 | USD | — | (52 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 5,798,268 | AUD | 4,447,451 | USD | 110 | — | |||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 10,359,522 | CHF | 10,818,474 | USD | — | (260 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 300,686 | DKK | 414,369 | SEK | 133 | — | |||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 38,307,825 | DKK | 6,320,642 | USD | — | (157 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 20,458,172 | EUR | 25,161,097 | USD | — | (605 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 11,223,291 | GBP | 15,744,426 | USD | — | (393 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 25,407,523 | HKD | 3,237,409 | USD | — | (81 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 3,471,030 | JPY | 272,225 | SEK | 133 | — | |||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 1,461,616,274 | JPY | 13,746,129 | USD | — | (1,805 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 229,257 | NOK | 244,205 | SEK | 42 | — | |||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 9,837,305 | NOK | 1,252,977 | USD | 31 | — | |||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 532,497 | NZD | 384,153 | USD | — | (10 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 53,305,419 | SEK | 6,365,137 | USD | — | (159 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 201,758 | SGD | 153,869 | USD | — | (4 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 35,941 | USD | 300,000 | SEK | 119 | — | |||||||||||||||||||||
Goldman Sachs | 5/2/2018 | 4,158,609 | USD | 5,421,739 | AUD | — | (176 | ) | ||||||||||||||||||||
Goldman Sachs | 5/2/2018 | 6,022,537 | USD | 36,429,369 | DKK | — | (32 | ) | ||||||||||||||||||||
Goldman Sachs | 5/2/2018 | 15,669,431 | USD | 11,156,654 | GBP | 247 | — | |||||||||||||||||||||
Goldman Sachs | 5/2/2018 | 551,159 | USD | 1,931,594 | ILS | 20 | — | |||||||||||||||||||||
Goldman Sachs | 5/2/2018 | 380,887 | USD | 528,017 | NZD | 4 | — | |||||||||||||||||||||
Goldman Sachs | 5/3/2018 | 10,566,975 | USD | 10,094,938 | CHF | 112 | — | |||||||||||||||||||||
Goldman Sachs | 5/3/2018 | 25,038,576 | USD | 20,316,758 | EUR | 365 | — | |||||||||||||||||||||
Goldman Sachs | 5/3/2018 | 3,174,227 | USD | 24,886,813 | HKD | — | (44 | ) | ||||||||||||||||||||
Goldman Sachs | 5/3/2018 | 1,308,909 | USD | 10,267,593 | NOK | — | (59 | ) | ||||||||||||||||||||
Goldman Sachs | 5/3/2018 | 6,059,243 | USD | 50,643,377 | SEK | — | (230 | ) | ||||||||||||||||||||
Goldman Sachs | 5/4/2018 | 149,267 | USD | 195,593 | SGD | — | (4 | ) | ||||||||||||||||||||
Goldman Sachs | 5/7/2018 | 13,259,295 | USD | 1,407,060,474 | JPY | 3,960 | — |
See Notes to Financial Statements.
66 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
March 31, 2018
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 | 4/3/2018 | 115,231 | USD | 150,000 | AUD | $ | 174 | $ | — | |||||||||||||||||||
Royal Bank of Canada | 4/3/2018 | 627,248 | USD | 2,176,363 | ILS | 7,352 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 1,063,525 | GBP | 1,426,964 | CHF | 1,767 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 4,510,446 | USD | 5,788,204 | AUD | 70,605 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 10,971,708 | USD | 10,337,752 | CHF | 176,228 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 6,410,172 | USD | 39,030,281 | DKK | — | (29,512 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 25,517,487 | USD | 20,868,352 | EUR | — | (147,465 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 15,967,435 | USD | 11,570,161 | GBP | — | (263,186 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 3,283,267 | USD | 25,668,437 | HKD | 12,694 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 78,865 | USD | 618,941 | HKD | 2 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 13,940,835 | USD | 1,483,933,575 | JPY | — | (13,350 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 1,270,723 | USD | 10,011,441 | NOK | — | (4,465 | ) | ||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 389,593 | USD | 539,576 | NZD | 343 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 6,455,295 | USD | 53,345,557 | SEK | 85,524 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 156,050 | USD | 206,335 | SGD | — | (1,305 | ) | ||||||||||||||||||||
Societe Generale | 4/4/2018 | 404,093 | EUR | 647,410 | AUD | 378 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/3/2018 | 45,670 | USD | 160,275 | ILS | 19 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/4/2018 | 355,000 | EUR | 3,646,652 | SEK | 1,165 | — | |||||||||||||||||||||
UBS AG | 4/3/2018 | 152,835 | ILS | 43,802 | USD | — | (270 | ) | ||||||||||||||||||||
UBS AG | 4/3/2018 | 38,197 | ILS | 10,951 | USD | — | (71 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 409,384 | AUD | 314,975 | USD | — | (957 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 102,148 | AUD | 78,744 | USD | — | (391 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 726,455 | CHF | 766,181 | USD | — | (7,561 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 181,502 | CHF | 191,545 | USD | — | (2,007 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 2,706,571 | DKK | 447,637 | USD | — | (1,074 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 672,625 | DKK | 111,909 | USD | — | (931 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 1,446,548 | EUR | 1,781,947 | USD | — | (2,910 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 359,210 | EUR | 445,487 | USD | — | (3,712 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 790,663 | GBP | 1,115,044 | USD | — | (5,902 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 197,056 | GBP | 278,761 | USD | — | (2,331 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 1,798,585 | HKD | 229,278 | USD | — | (109 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 449,635 | HKD | 57,320 | USD | — | (29 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 102,469,421 | JPY | 973,522 | USD | — | (9,950 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 25,729,841 | JPY | 243,380 | USD | — | (1,429 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 687,629 | NOK | 88,738 | USD | — | (1,153 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 171,001 | NOK | 22,184 | USD | — | (403 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 37,692 | NZD | 27,206 | USD | — | (15 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 9,356 | NZD | 6,802 | USD | — | (53 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 3,714,664 | SEK | 450,789 | USD | — | (7,236 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 926,881 | SEK | 112,697 | USD | — | (2,022 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 14,346 | SGD | 10,897 | USD | 43 | — | |||||||||||||||||||||
UBS AG | 4/4/2018 | 3,566 | SGD | 2,724 | USD | — | (5 | ) | ||||||||||||||||||||
$ | 2,245,664 | $ | (2,953,817 | ) |
CURRENCY LEGEND |
AUD – Australian dollar
CHF – Swiss franc
DKK – Danish krone
EUR – Euro
GBP – British pound
HKD – Hong Kong dollar
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 67 |
Table of Contents
Schedule of Investments
WisdomTree International High Dividend Fund (DTH)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.4% | ||||||||
Australia – 8.5% | ||||||||
Adelaide Brighton Ltd.(a) | 24,163 | $ | 115,283 | |||||
AGL Energy Ltd. | 20,818 | 346,196 | ||||||
Alumina Ltd. | 140,496 | 254,331 | ||||||
Amcor Ltd. | 39,549 | 429,862 | ||||||
AMP Ltd. | 108,370 | 414,795 | ||||||
ASX Ltd. | 4,608 | 198,148 | ||||||
Aurizon Holdings Ltd. | 109,637 | 355,731 | ||||||
Australia & New Zealand Banking Group Ltd. | 103,686 | 2,136,239 | ||||||
Bank of Queensland Ltd. | 22,926 | 192,736 | ||||||
Bendigo & Adelaide Bank Ltd. | 23,970 | 180,920 | ||||||
BHP Billiton Ltd. | 101,376 | 2,193,622 | ||||||
Blackmores Ltd.(a) | 948 | 91,455 | ||||||
Brickworks Ltd. | 15,917 | 189,486 | ||||||
Caltex Australia Ltd. | 10,048 | 242,010 | ||||||
carsales.com Ltd. | 14,206 | 147,215 | ||||||
Coca-Cola Amatil Ltd. | 40,019 | 266,139 | ||||||
Commonwealth Bank of Australia | 55,016 | 3,051,484 | ||||||
Crown Resorts Ltd. | 43,139 | 419,909 | ||||||
CSR Ltd. | 40,892 | 162,477 | ||||||
DuluxGroup Ltd. | 19,508 | 110,431 | ||||||
Event Hospitality and Entertainment Ltd. | 12,256 | 130,955 | ||||||
Fairfax Media Ltd. | 112,589 | 58,294 | ||||||
Flight Centre Travel Group Ltd.(a) | 6,264 | 273,826 | ||||||
Fortescue Metals Group Ltd. | 214,783 | 713,364 | ||||||
Genworth Mortgage Insurance Australia Ltd.(a) | 74,421 | 131,865 | ||||||
Harvey Norman Holdings Ltd.(a) | 116,444 | 329,585 | ||||||
Healthscope Ltd. | 104,476 | 155,068 | ||||||
Insurance Australia Group Ltd. | 60,825 | 348,985 | ||||||
IOOF Holdings Ltd. | 13,387 | 104,533 | ||||||
JB Hi-Fi Ltd.(a) | 10,363 | 205,162 | ||||||
Macquarie Group Ltd. | 11,472 | 905,479 | ||||||
Magellan Financial Group Ltd. | 4,436 | 81,119 | ||||||
Medibank Pvt Ltd. | 73,177 | 162,778 | ||||||
Mineral Resources Ltd. | 10,699 | 139,431 | ||||||
MYOB Group Ltd. | 39,869 | 93,274 | ||||||
National Australia Bank Ltd. | 109,229 | 2,387,009 | ||||||
Nick Scali Ltd. | 12,852 | 66,247 | ||||||
Orora Ltd. | 64,288 | 162,730 | ||||||
Pact Group Holdings Ltd. | 21,728 | 91,332 | ||||||
Platinum Asset Management Ltd.(a) | 33,918 | 152,458 | ||||||
QBE Insurance Group Ltd. | 37,929 | 280,170 | ||||||
Regis Healthcare Ltd.(a) | 27,700 | 77,553 | ||||||
Regis Resources Ltd. | 33,979 | 118,068 | ||||||
Rio Tinto Ltd. | 15,718 | 876,507 | ||||||
Sonic Healthcare Ltd. | 16,072 | 282,065 | ||||||
Suncorp Group Ltd. | 41,652 | 426,202 | ||||||
Tabcorp Holdings Ltd. | 140,739 | 473,917 | ||||||
Telstra Corp., Ltd. | 864,523 | 2,082,236 | ||||||
Vocus Group Ltd.(a) | 34,520 | 58,782 | ||||||
Washington H Soul Pattinson & Co., Ltd.(a) | 13,092 | 186,886 | ||||||
Wesfarmers Ltd. | 55,237 | 1,760,878 | ||||||
Westpac Banking Corp. | 127,746 | 2,804,404 | ||||||
Woodside Petroleum Ltd. | 36,710 | 823,352 | ||||||
|
| |||||||
Total Australia | 28,442,983 | |||||||
Austria – 0.3% | ||||||||
Erste Group Bank AG* | 8,976 | 450,397 | ||||||
EVN AG | 7,473 | 145,764 | ||||||
Oesterreichische Post AG | 3,948 | 196,063 | ||||||
UNIQA Insurance Group AG | 15,139 | 175,668 | ||||||
|
| |||||||
Total Austria | 967,892 | |||||||
Belgium – 2.9% | ||||||||
Ageas | 8,501 | 438,690 | ||||||
Anheuser-Busch InBev S.A. | 61,558 | 6,759,133 | ||||||
bpost S.A. | 14,230 | 321,314 | ||||||
Elia System Operator S.A./N.V. | 3,000 | 187,429 | ||||||
KBC Group N.V. | 10,955 | 952,812 | ||||||
Proximus SADP | 15,518 | 481,510 | ||||||
Solvay S.A. | 3,452 | 479,098 | ||||||
|
| |||||||
Total Belgium | 9,619,986 | |||||||
China – 3.7% | ||||||||
China Jinmao Holdings Group Ltd. | 354,000 | 201,621 | ||||||
China Mobile Ltd. | 665,000 | 6,096,448 | ||||||
China Overseas Land & Investment Ltd. | 232,000 | 805,525 | ||||||
China Power International Development Ltd. | 494,000 | 127,146 | ||||||
China Resources Power Holdings Co., Ltd. | 280,000 | 510,888 | ||||||
China South City Holdings Ltd. | 498,000 | 112,312 | ||||||
CITIC Telecom International Holdings Ltd. | 215,000 | 62,185 | ||||||
CNOOC Ltd. | 1,915,000 | 2,820,662 | ||||||
Guangdong Investment Ltd. | 202,000 | 317,607 | ||||||
Lenovo Group Ltd. | 544,000 | 277,951 | ||||||
Shanghai Industrial Holdings Ltd. | 30,000 | 78,170 | ||||||
Shenzhen Investment Ltd. | 422,000 | 179,053 | ||||||
Sino-Ocean Group Holding Ltd. | 278,500 | 201,912 | ||||||
Sun Art Retail Group Ltd. | 286,500 | 333,288 | ||||||
Yangzijiang Shipbuilding Holdings Ltd. | 179,400 | 165,541 | ||||||
Yuexiu Property Co., Ltd. | 784,000 | 184,804 | ||||||
|
| |||||||
Total China | 12,475,113 | |||||||
Denmark – 0.4% | ||||||||
Danske Bank A/S | 23,052 | 857,286 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 7,358 | 129,292 | ||||||
Spar Nord Bank A/S | 10,046 | 119,175 | ||||||
Tryg A/S | 16,127 | 373,846 | ||||||
|
| |||||||
Total Denmark | 1,479,599 | |||||||
Finland – 2.3% | ||||||||
DNA Oyj | 8,457 | 183,367 | ||||||
Elisa Oyj | 8,901 | 402,517 | ||||||
Fortum Oyj(a) | 71,820 | 1,541,321 | ||||||
Kesko Oyj Class B | 3,910 | 223,894 | ||||||
Kone Oyj Class B | 16,860 | 840,401 | ||||||
Neste Oyj(a) | 10,733 | 747,119 | ||||||
Nokia Oyj | 180,526 | 995,760 | ||||||
Nokian Renkaat Oyj(a) | 6,682 | 303,239 | ||||||
Raisio Oyj Class V | 34,120 | 151,904 | ||||||
Sampo Oyj Class A | 17,895 | 996,090 |
See Notes to Financial Statements.
68 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International High Dividend Fund (DTH)
March 31, 2018
Investments | Shares | Value | ||||||
Stora Enso Oyj Class R(a) | 22,804 | $ | 418,579 | |||||
Tieto Oyj | 5,303 | 176,613 | ||||||
UPM-Kymmene Oyj | 21,183 | 784,163 | ||||||
|
| |||||||
Total Finland | 7,764,967 | |||||||
France – 10.9% | ||||||||
Amundi S.A.(b) | 5,009 | 402,023 | ||||||
AXA S.A. | 73,811 | 1,960,772 | ||||||
BNP Paribas S.A. | 33,068 | 2,447,035 | ||||||
Bouygues S.A. | 17,397 | 871,019 | ||||||
Carrefour S.A.(a) | 22,600 | 468,339 | ||||||
Casino Guichard Perrachon S.A. | 7,795 | 381,646 | ||||||
CNP Assurances | 21,219 | 534,972 | ||||||
Credit Agricole S.A. | 79,093 | 1,284,484 | ||||||
Electricite de France S.A. | 226,272 | 3,272,581 | ||||||
Engie S.A. | 179,345 | 2,989,793 | ||||||
Eutelsat Communications S.A. | 12,157 | 240,716 | ||||||
Gaztransport Et Technigaz S.A. | 4,720 | 295,469 | ||||||
Klepierre S.A. | 7,517 | 302,767 | ||||||
Lagardere SCA | 8,517 | 243,012 | ||||||
Metropole Television S.A. | 7,868 | 202,432 | ||||||
Natixis S.A. | 117,138 | 959,166 | ||||||
Neopost S.A. | 2,475 | 65,139 | ||||||
Orange S.A. | 107,669 | 1,825,365 | ||||||
Renault S.A. | 12,021 | 1,456,227 | ||||||
Sanofi | 45,265 | 3,636,868 | ||||||
Schneider Electric SE* | 19,595 | 1,719,217 | ||||||
SCOR SE | 6,907 | 282,530 | ||||||
Societe BIC S.A. | 1,992 | 198,071 | ||||||
Societe Generale S.A. | 23,931 | 1,299,697 | ||||||
Suez | 25,480 | 368,832 | ||||||
TOTAL S.A. | 137,239 | 7,785,980 | ||||||
Unibail-Rodamco SE | 2,300 | 525,140 | ||||||
Veolia Environnement S.A. | 25,777 | 610,102 | ||||||
|
| |||||||
Total France | 36,629,394 | |||||||
Germany – 8.9% | ||||||||
Allianz SE Registered Shares | 12,060 | 2,720,188 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA | 1,903 | 132,467 | ||||||
Axel Springer SE | 5,029 | 420,574 | ||||||
BASF SE | 32,296 | 3,275,647 | ||||||
Bayerische Motoren Werke AG | 26,106 | 2,830,186 | ||||||
CECONOMY AG | 12,698 | 146,016 | ||||||
Daimler AG Registered Shares | 55,819 | 4,734,723 | ||||||
Deutsche Lufthansa AG Registered Shares | 14,145 | 451,258 | ||||||
Deutsche Post AG Registered Shares | 42,351 | 1,850,073 | ||||||
Deutsche Telekom AG Registered Shares | 166,267 | 2,709,407 | ||||||
Evonik Industries AG | 18,733 | �� | 659,831 | |||||
Freenet AG | 8,649 | 262,840 | ||||||
Hannover Rueck SE | 4,336 | 591,389 | ||||||
Hugo Boss AG | 3,260 | 283,699 | ||||||
Innogy SE(b) | 25,261 | 1,195,157 | ||||||
MAN SE | 4,815 | 561,084 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 4,783 | 1,110,887 | ||||||
ProSiebenSat.1 Media SE | 13,977 | 484,404 | ||||||
Siemens AG Registered Shares | 24,696 | 3,144,149 | ||||||
Talanx AG | 7,566 | 328,840 | ||||||
Telefonica Deutschland Holding AG | 178,245 | 836,523 | ||||||
TUI AG | 32,460 | 694,824 | ||||||
Uniper SE | 12,357 | 376,132 | ||||||
|
| |||||||
Total Germany | 29,800,298 | |||||||
Hong Kong – 2.2% | ||||||||
BOC Hong Kong Holdings Ltd. | 204,047 | 993,157 | ||||||
CLP Holdings Ltd. | 62,000 | 631,194 | ||||||
Hang Lung Properties Ltd. | 157,000 | 365,679 | ||||||
Hang Seng Bank Ltd. | 38,618 | 893,573 | ||||||
Henderson Land Development Co., Ltd. | 92,000 | 599,009 | ||||||
Hopewell Holdings Ltd. | 50,000 | 190,806 | ||||||
Hysan Development Co., Ltd. | 46,000 | 243,237 | ||||||
Kowloon Development Co., Ltd. | 149,000 | 167,638 | ||||||
New World Development Co., Ltd. | 328,163 | 463,291 | ||||||
PCCW Ltd. | 438,380 | 253,589 | ||||||
Power Assets Holdings Ltd. | 75,018 | 668,617 | ||||||
Sino Land Co., Ltd. | 208,000 | 336,583 | ||||||
SJM Holdings Ltd. | 175,000 | 152,071 | ||||||
Sun Hung Kai Properties Ltd. | 59,000 | 932,176 | ||||||
Swire Pacific Ltd. Class B | 87,500 | 149,841 | ||||||
Television Broadcasts Ltd. | 24,500 | 81,164 | ||||||
Wharf Holdings Ltd. (The) | 62,000 | 212,900 | ||||||
|
| |||||||
Total Hong Kong | 7,334,525 | |||||||
Ireland – 0.1% | ||||||||
C&C Group PLC | 34,001 | 111,231 | ||||||
Smurfit Kappa Group PLC | 8,597 | 348,064 | ||||||
|
| |||||||
Total Ireland | 459,295 | |||||||
Israel – 0.4% | ||||||||
Amot Investments Ltd. | 43,426 | 232,292 | ||||||
B Communications Ltd.* | 6,253 | 82,000 | ||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 228,294 | 291,313 | ||||||
Delek Automotive Systems Ltd. | 18,630 | 139,452 | ||||||
Israel Chemicals Ltd. | 47,047 | 198,327 | ||||||
Oil Refineries Ltd. | 284,704 | 131,532 | ||||||
Sella Capital Real Estate Ltd. | 122,747 | 238,267 | ||||||
|
| |||||||
Total Israel | 1,313,183 | |||||||
Italy – 4.3% | ||||||||
A2A SpA | 125,544 | 240,015 | ||||||
ACEA SpA | 10,285 | 174,303 | ||||||
Ascopiave SpA | 30,320 | 121,562 | ||||||
Assicurazioni Generali SpA | 54,842 | 1,053,867 | ||||||
Atlantia SpA | 32,362 | 1,000,981 | ||||||
Azimut Holding SpA | 6,485 | 139,134 | ||||||
Banca Generali SpA | 3,697 | 119,125 | ||||||
Banca Mediolanum SpA | 28,527 | 248,394 | ||||||
Ei Towers SpA | 1,565 | 87,671 | ||||||
Enav SpA(b) | 33,392 | 177,985 | ||||||
Enel SpA | 517,254 | 3,161,641 | ||||||
Eni SpA | 216,587 | 3,805,889 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 69 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International High Dividend Fund (DTH)
March 31, 2018
Investments | Shares | Value | ||||||
ERG SpA | 9,169 | $ | 218,539 | |||||
FinecoBank Banca Fineco SpA | 18,621 | 223,697 | ||||||
Hera SpA | 51,429 | 188,105 | ||||||
Intesa Sanpaolo SpA RSP | 54,861 | 207,675 | ||||||
Iren SpA | 44,858 | 140,570 | ||||||
Italgas SpA | 38,673 | 230,961 | ||||||
MARR SpA | 4,165 | 123,653 | ||||||
Poste Italiane SpA(b) | 51,972 | 474,270 | ||||||
Saras SpA | 50,702 | 111,181 | ||||||
Snam SpA | 190,280 | 873,582 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 11,489 | 213,783 | ||||||
Telecom Italia SpA RSP | 259,765 | 216,091 | ||||||
Terna Rete Elettrica Nazionale SpA | 79,364 | 463,530 | ||||||
Tod’s SpA(a) | 1,432 | 103,908 | ||||||
UnipolSai Assicurazioni SpA | 135,365 | 321,803 | ||||||
|
| |||||||
Total Italy | 14,441,915 | |||||||
Japan – 9.7% | ||||||||
Aida Engineering Ltd. | 12,100 | 146,315 | ||||||
Amada Holdings Co., Ltd. | 16,900 | 205,311 | ||||||
Aozora Bank Ltd. | 6,100 | 242,910 | ||||||
Bridgestone Corp. | 24,500 | 1,065,237 | ||||||
Canon, Inc. | 52,400 | 1,898,422 | ||||||
Chugoku Electric Power Co., Inc. (The)(a) | 18,300 | 220,598 | ||||||
Daito Trust Construction Co., Ltd. | 2,000 | 345,839 | ||||||
Daiwa Securities Group, Inc.(a) | 46,000 | 293,561 | ||||||
Dexerials Corp. | 9,500 | 98,707 | ||||||
Fields Corp.(a) | 6,600 | 72,299 | ||||||
Heiwa Corp. | 4,900 | 98,553 | ||||||
ITOCHU Corp. | 59,300 | 1,152,266 | ||||||
Japan Post Holdings Co., Ltd. | 102,700 | 1,237,035 | ||||||
Japan Tobacco, Inc. | 64,900 | 1,871,024 | ||||||
Konica Minolta, Inc.(a) | 25,000 | 214,386 | ||||||
Lawson, Inc. | 2,800 | 190,879 | ||||||
Leopalace21 Corp. | 21,100 | 175,982 | ||||||
Marubeni Corp. | 66,100 | 478,518 | ||||||
Matsui Securities Co., Ltd. | 11,100 | 100,615 | ||||||
Mitsubishi Corp. | 58,900 | 1,585,066 | ||||||
Mitsui & Co., Ltd. | 70,800 | 1,213,286 | ||||||
Mizuho Financial Group, Inc. | 588,400 | 1,058,954 | ||||||
MS&AD Insurance Group Holdings, Inc. | 12,400 | 391,180 | ||||||
Nippon Commercial Development Co., Ltd.(a) | 6,400 | 103,868 | ||||||
Nissan Motor Co., Ltd. | 198,600 | 2,061,631 | ||||||
Nomura Holdings, Inc. | 75,500 | 436,814 | ||||||
North Pacific Bank Ltd. | 53,100 | 177,250 | ||||||
NSK Ltd. | 20,100 | 269,512 | ||||||
Onward Holdings Co., Ltd. | 12,600 | 109,354 | ||||||
Resona Holdings, Inc. | 49,500 | 261,580 | ||||||
Ricoh Co., Ltd. | 33,300 | 329,086 | ||||||
Sankyo Co., Ltd.(a) | 4,700 | 165,726 | ||||||
Sanrio Co., Ltd.(a) | 5,700 | 103,602 | ||||||
Sekisui House Ltd. | 24,200 | 441,903 | ||||||
Senko Group Holdings Co., Ltd. | 18,800 | 146,370 | ||||||
Showa Shell Sekiyu K.K. | 16,000 | 216,794 | ||||||
SKY Perfect JSAT Holdings, Inc. | 24,500 | 110,118 | ||||||
Sony Financial Holdings, Inc.(a) | 10,200 | 185,681 | ||||||
Star Micronics Co., Ltd. | 7,100 | 132,253 | ||||||
Subaru Corp. | 31,200 | 1,022,985 | ||||||
Sumitomo Corp. | 48,400 | 815,086 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 30,900 | 1,295,272 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 9,100 | 368,535 | ||||||
Sumitomo Rubber Industries Ltd. | 9,600 | 176,203 | ||||||
Takaoka Toko Co., Ltd.(a) | 5,900 | 94,367 | ||||||
Takeda Pharmaceutical Co., Ltd. | 26,700 | 1,301,233 | ||||||
Toyota Motor Corp. | 121,400 | 7,790,832 | ||||||
|
| |||||||
Total Japan | 32,472,998 | |||||||
Netherlands – 1.6% | ||||||||
ABN AMRO Group N.V. CVA(b) | 23,031 | 693,105 | ||||||
Aegon N.V. | 83,595 | 562,984 | ||||||
ASR Nederland N.V. | 4,039 | 172,467 | ||||||
BE Semiconductor Industries N.V. | 1,737 | 177,416 | ||||||
Beter Bed Holding N.V. | 4,647 | 53,208 | ||||||
Boskalis Westminster | 6,715 | 196,551 | ||||||
Corbion N.V. | 3,408 | 103,190 | ||||||
Euronext N.V.(b) | 2,130 | 155,603 | ||||||
ING Groep N.V. | 102,636 | 1,729,309 | ||||||
Koninklijke KPN N.V. | 145,352 | 435,641 | ||||||
NN Group N.V. | 10,465 | 463,849 | ||||||
Philips Lighting N.V.(b) | 5,325 | 199,743 | ||||||
Randstad Holding N.V.(a) | 7,333 | 481,768 | ||||||
Steinhoff International Holdings N.V.* | 148,452 | 40,896 | ||||||
|
| |||||||
Total Netherlands | 5,465,730 | |||||||
New Zealand – 0.8% | ||||||||
Air New Zealand Ltd. | 95,122 | 221,646 | ||||||
Auckland International Airport Ltd. | 40,195 | 177,459 | ||||||
Chorus Ltd. | 39,606 | 114,287 | ||||||
Contact Energy Ltd. | 43,716 | 165,568 | ||||||
EBOS Group Ltd. | 8,899 | 115,234 | ||||||
Genesis Energy Ltd. | 95,682 | 163,934 | ||||||
Investore Property Ltd.(a) | 334,634 | 337,967 | ||||||
Mercury NZ Ltd. | 103,063 | 239,406 | ||||||
Meridian Energy Ltd. | 125,785 | 259,066 | ||||||
SKYCITY Entertainment Group Ltd. | 45,519 | 128,066 | ||||||
Spark New Zealand Ltd. | 128,652 | 309,984 | ||||||
Trade Me Group Ltd. | 26,133 | 83,516 | ||||||
Trustpower Ltd. | 28,565 | 115,192 | ||||||
Vector Ltd. | 72,003 | 163,620 | ||||||
|
| |||||||
Total New Zealand | 2,594,945 | |||||||
Norway – 3.1% | ||||||||
Aker ASA Class A | 4,182 | 234,643 | ||||||
Aker BP ASA | 13,335 | 360,426 | ||||||
Atea ASA* | 9,109 | 147,583 | ||||||
Austevoll Seafood ASA | 14,427 | 144,253 | ||||||
Borregaard ASA | 8,573 | 80,806 | ||||||
DNB ASA | 42,939 | 832,150 | ||||||
Europris ASA(b) | 29,038 | 93,206 | ||||||
Gjensidige Forsikring ASA(a) | 17,355 | 317,436 | ||||||
Marine Harvest ASA | 37,900 | 758,874 |
See Notes to Financial Statements.
70 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International High Dividend Fund (DTH)
March 31, 2018
Investments | Shares | Value | ||||||
Orkla ASA | 33,787 | $ | 362,101 | |||||
Salmar ASA | 8,044 | 329,098 | ||||||
Statoil ASA | 174,372 | 4,101,133 | ||||||
Telenor ASA | 89,842 | 2,025,492 | ||||||
Yara International ASA | 10,243 | 431,980 | ||||||
|
| |||||||
Total Norway | 10,219,181 | |||||||
Portugal – 0.7% | ||||||||
CTT-Correios de Portugal S.A. | 21,714 | 83,533 | ||||||
EDP – Energias de Portugal S.A. | 188,672 | 716,535 | ||||||
Galp Energia, SGPS, S.A. | 32,191 | 605,927 | ||||||
Jeronimo Martins, SGPS, S.A. | 21,147 | 385,043 | ||||||
Navigator Co. S.A. (The) | 51,389 | 302,605 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 61,779 | 190,555 | ||||||
Sonae, SGPS, S.A. | 141,098 | 190,015 | ||||||
|
| |||||||
Total Portugal | 2,474,213 | |||||||
Singapore – 2.3% | ||||||||
Accordia Golf Trust | 270,300 | 132,955 | ||||||
Bukit Sembawang Estates Ltd. | 34,500 | 160,752 | ||||||
ComfortDelGro Corp., Ltd. | 122,200 | 191,039 | ||||||
DBS Group Holdings Ltd. | 45,500 | 954,206 | ||||||
Frasers Property Ltd.(a) | 261,700 | 399,146 | ||||||
Hutchison Port Holdings Trust | 974,623 | 287,514 | ||||||
Keppel Corp., Ltd. | 72,900 | 431,963 | ||||||
M1 Ltd.(a) | 68,000 | 90,231 | ||||||
Olam International Ltd.(a) | 109,200 | 194,866 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 83,747 | 818,757 | ||||||
SATS Ltd. | 35,700 | 139,664 | ||||||
Singapore Airlines Ltd. | 48,100 | 397,624 | ||||||
Singapore Exchange Ltd. | 20,800 | 116,904 | ||||||
Singapore Post Ltd. | 142,900 | 149,297 | ||||||
Singapore Technologies Engineering Ltd. | 144,000 | 394,235 | ||||||
Singapore Telecommunications Ltd. | 726,400 | 1,866,825 | ||||||
StarHub Ltd.(a) | 137,800 | 241,699 | ||||||
United Overseas Bank Ltd. | 27,750 | 581,960 | ||||||
Venture Corp., Ltd. | 5,000 | 107,184 | ||||||
|
| |||||||
Total Singapore | 7,656,821 | |||||||
Spain – 5.1% | ||||||||
Abertis Infraestructuras S.A. | 42,358 | 949,153 | ||||||
Acciona S.A. | 2,231 | 169,347 | ||||||
Acerinox S.A. | 12,797 | 178,552 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 11,730 | 456,588 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 13,503 | 128,619 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 202,981 | 1,604,912 | ||||||
Banco Santander S.A. | 329,750 | 2,147,351 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A.(a) | 5,312 | 179,657 | ||||||
CaixaBank S.A. | 121,195 | 577,128 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 5,523 | 116,830 | ||||||
Distribuidora Internacional de Alimentacion S.A. | 25,999 | 110,217 | ||||||
Enagas S.A. | 14,334 | 391,885 | ||||||
Endesa S.A. | 62,831 | 1,382,023 | ||||||
Ferrovial S.A. | 29,994 | 625,807 | ||||||
Gas Natural SDG S.A. | 45,071 | 1,074,799 | ||||||
Iberdrola S.A. | 252,216 | 1,852,443 | ||||||
Mapfre S.A. | 93,436 | 310,378 | ||||||
Mediaset Espana Comunicacion S.A. | 17,789 | 180,842 | ||||||
Red Electrica Corp. S.A. | 20,753 | 427,001 | ||||||
Repsol S.A. | 60,879 | 1,079,281 | ||||||
Saeta Yield S.A. | 7,489 | 112,182 | ||||||
Telefonica S.A. | 273,501 | 2,700,341 | ||||||
Zardoya Otis S.A. | 22,749 | 228,859 | ||||||
|
| |||||||
Total Spain | 16,984,195 | |||||||
Sweden – 2.1% | ||||||||
Axfood AB | 9,377 | 159,833 | ||||||
Clas Ohlson AB Class B | 5,749 | 61,988 | ||||||
Holmen AB Class B | 2,873 | 155,403 | ||||||
ICA Gruppen AB(a) | 6,660 | 234,915 | ||||||
JM AB | 3,526 | 79,784 | ||||||
Kinnevik AB Class B | 6,767 | 242,729 | ||||||
Modern Times Group MTG AB Class B | 4,298 | 173,874 | ||||||
NetEnt AB* | 10,911 | 54,641 | ||||||
Nordea Bank AB | 142,909 | 1,520,417 | ||||||
Peab AB | 21,952 | 196,852 | ||||||
Skandinaviska Enskilda Banken AB Class A | 74,188 | 774,585 | ||||||
Skanska AB Class B | 21,025 | 428,418 | ||||||
SKF AB Class B(a) | 16,437 | 334,636 | ||||||
Swedbank AB Class A | 46,252 | 1,032,756 | ||||||
Tele2 AB Class B | 34,023 | 406,864 | ||||||
Telia Co. AB | 282,522 | 1,322,741 | ||||||
|
| |||||||
Total Sweden | 7,180,436 | |||||||
Switzerland – 7.7% | ||||||||
ABB Ltd. Registered Shares | 73,332 | 1,739,874 | ||||||
Ascom Holding AG Registered Shares | 5,400 | 114,474 | ||||||
Baloise Holding AG Registered Shares | 1,640 | 250,213 | ||||||
Credit Suisse Group AG Registered Shares* | 72,155 | 1,204,844 | ||||||
Kuehne + Nagel International AG Registered Shares | 4,217 | 661,879 | ||||||
LafargeHolcim Ltd. Registered Shares* | 22,501 | 1,228,908 | ||||||
Mobilezone Holding AG Registered Shares | 10,842 | 138,808 | ||||||
Novartis AG Registered Shares | 94,396 | 7,615,951 | ||||||
Oriflame Holding AG | 2,329 | 111,238 | ||||||
Roche Holding AG Genusschein | 23,989 | 5,488,711 | ||||||
SGS S.A. Registered Shares | 272 | 666,934 | ||||||
Sunrise Communications Group AG*(b) | 2,767 | 231,306 | ||||||
Swiss Re AG | 12,500 | 1,269,841 | ||||||
Swisscom AG Registered Shares(a) | 2,481 | 1,227,028 | ||||||
UBS Group AG Registered Shares* | 95,266 | 1,670,836 | ||||||
VAT Group AG*(b) | 1,425 | 238,690 | ||||||
Zurich Insurance Group AG | 5,493 | 1,797,730 | ||||||
|
| |||||||
Total Switzerland | 25,657,265 | |||||||
United Kingdom – 21.4% | ||||||||
Admiral Group PLC | 10,123 | 261,858 | ||||||
Aggreko PLC | 12,098 | 124,602 | ||||||
Ashmore Group PLC | 28,809 | 153,813 | ||||||
AstraZeneca PLC | 52,998 | 3,639,589 | ||||||
Aviva PLC | 116,376 | 809,568 | ||||||
Babcock International Group PLC(a) | 25,051 | 235,027 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 71 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International High Dividend Fund (DTH)
March 31, 2018
Investments | Shares | Value | ||||||
BAE Systems PLC | 109,521 | $ | 893,240 | |||||
Barratt Developments PLC | 60,752 | 452,022 | ||||||
BBA Aviation PLC | 53,158 | 238,922 | ||||||
BCA Marketplace PLC(a) | 55,426 | 125,958 | ||||||
Beazley PLC | 21,625 | 173,823 | ||||||
Bellway PLC | 6,060 | 259,194 | ||||||
Berkeley Group Holdings PLC | 9,132 | 485,385 | ||||||
BHP Billiton PLC | 79,259 | 1,560,586 | ||||||
Bovis Homes Group PLC | 10,473 | 167,336 | ||||||
BP PLC | 1,356,208 | 9,117,676 | ||||||
British American Tobacco PLC | 59,355 | 3,439,602 | ||||||
Britvic PLC | 17,934 | 171,702 | ||||||
BT Group PLC | 505,950 | 1,614,674 | ||||||
Card Factory PLC | 41,726 | 110,686 | ||||||
Central Asia Metals PLC | 25,161 | 112,594 | ||||||
Centrica PLC | 350,315 | 698,802 | ||||||
Crest Nicholson Holdings PLC | 16,699 | 106,445 | ||||||
Dairy Crest Group PLC | 15,845 | 113,804 | ||||||
Direct Line Insurance Group PLC | 41,492 | 221,936 | ||||||
Dixons Carphone PLC | 58,343 | 152,679 | ||||||
DS Smith PLC | 36,940 | 243,862 | ||||||
Dunelm Group PLC | 17,038 | 125,958 | ||||||
easyJet PLC | 18,558 | 417,702 | ||||||
Elementis PLC | 40,251 | 166,795 | ||||||
Essentra PLC | 12,843 | 76,352 | ||||||
esure Group PLC | 22,834 | 69,316 | ||||||
Fidessa Group PLC | 3,000 | 154,238 | ||||||
G4S PLC | 52,549 | 182,889 | ||||||
Galliford Try PLC | 10,143 | 118,809 | ||||||
Games Workshop Group PLC | 5,030 | 162,643 | ||||||
GlaxoSmithKline PLC | 245,851 | 4,807,624 | ||||||
HSBC Holdings PLC | 708,640 | 6,614,610 | ||||||
Imperial Brands PLC | 44,222 | 1,504,960 | ||||||
Inmarsat PLC | 25,258 | 128,299 | ||||||
Investec PLC | 21,373 | 164,781 | ||||||
ITV PLC | 299,494 | 605,618 | ||||||
J Sainsbury PLC | 94,165 | 315,442 | ||||||
Jupiter Fund Management PLC | 25,695 | 169,988 | ||||||
Kcom Group PLC | 65,598 | 84,751 | ||||||
Kingfisher PLC | 97,927 | 401,813 | ||||||
Legal & General Group PLC | 212,176 | 767,317 | ||||||
Lloyds Banking Group PLC | 1,647,443 | 1,494,314 | ||||||
Man Group PLC | 77,667 | 186,960 | ||||||
Marks & Spencer Group PLC | 95,812 | 363,162 | ||||||
Meggitt PLC | 40,109 | 242,952 | ||||||
National Express Group PLC | 34,958 | 189,781 | ||||||
National Grid PLC | 162,308 | 1,826,494 | ||||||
NEX Group PLC | 17,474 | 240,468 | ||||||
Next PLC | 6,287 | 419,715 | ||||||
Old Mutual PLC | 109,262 | 366,782 | ||||||
Pagegroup PLC | 23,090 | 173,776 | ||||||
PayPoint PLC | 8,528 | 95,465 | ||||||
Pearson PLC | 64,149 | 674,012 | ||||||
Pennon Group PLC | 20,453 | 184,601 | ||||||
Persimmon PLC | 18,864 | 669,499 | ||||||
Rio Tinto PLC | 60,089 | 3,043,815 | ||||||
Royal Dutch Shell PLC Class A | 328,838 | 10,303,000 | ||||||
Royal Mail PLC | 63,784 | 483,887 | ||||||
Saga PLC | 66,287 | 104,890 | ||||||
Schroders PLC Non-Voting Shares | 3,878 | 124,033 | ||||||
Severn Trent PLC | 9,121 | 235,939 | ||||||
SSE PLC | 62,164 | 1,112,719 | ||||||
Standard Life Aberdeen PLC | 121,520 | 613,174 | ||||||
SThree PLC | 20,574 | 93,222 | ||||||
Stock Spirits Group PLC | 18,900 | 65,885 | ||||||
TalkTalk Telecom Group PLC(a) | 110,518 | 179,530 | ||||||
Tate & Lyle PLC | 21,425 | 163,679 | ||||||
Telecom Plus PLC | 5,884 | 100,865 | ||||||
United Utilities Group PLC | 30,721 | 308,305 | ||||||
Vodafone Group PLC | 1,677,836 | 4,571,295 | ||||||
William Hill PLC | 55,963 | 259,302 | ||||||
|
| |||||||
Total United Kingdom | 71,616,811 | |||||||
TOTAL COMMON STOCKS (Cost: $319,673,258) | 333,051,745 | |||||||
RIGHTS – 0.0% | ||||||||
United Kingdom – 0.0% | ||||||||
Galliford Try PLC, expiring 4/13/18* (Cost $0) | 3,381 | 13,280 | ||||||
EXCHANGE-TRADED FUND – 0.1% | ||||||||
United States – 0.1% | ||||||||
WisdomTree International LargeCap Dividend Fund(a)(c) (Cost: $270,151) | 5,375 | 267,690 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3% | ||||||||
United States – 2.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d) | ||||||||
(Cost: $7,777,529)(e) | 7,777,529 | 7,777,529 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.8% (Cost: $327,720,938) | 341,110,244 | |||||||
Other Assets less Liabilities – (1.8)% | (5,930,329 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 335,179,915 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $9,427,586 and the total market value of the collateral held by the Fund was $10,036,925. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,259,396. |
CVA | – Certificaten Van Aandelen (Certificate of Stock) |
RSP | – Risparmio Italian Savings Shares |
See Notes to Financial Statements.
72 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.2% | ||||||||
Australia – 5.9% | ||||||||
Australia & New Zealand Banking Group Ltd. | 150,297 | $ | 3,096,563 | |||||
BHP Billiton Ltd. | 99,611 | 2,155,431 | ||||||
Commonwealth Bank of Australia | 81,358 | 4,512,553 | ||||||
CSL Ltd. | 6,870 | 819,217 | ||||||
Macquarie Group Ltd. | 17,357 | 1,369,978 | ||||||
National Australia Bank Ltd. | 159,440 | 3,484,283 | ||||||
Rio Tinto Ltd. | 17,927 | 999,691 | ||||||
Telstra Corp., Ltd. | 951,926 | 2,292,749 | ||||||
Wesfarmers Ltd. | 62,407 | 1,989,448 | ||||||
Westpac Banking Corp. | 187,320 | 4,112,230 | ||||||
Woodside Petroleum Ltd. | 32,510 | 729,152 | ||||||
Woolworths Group Ltd. | 36,910 | 744,318 | ||||||
|
| |||||||
Total Australia | 26,305,613 | |||||||
Austria – 0.3% | ||||||||
Erste Group Bank AG* | 12,172 | 610,765 | ||||||
OMV AG | 9,859 | 573,275 | ||||||
|
| |||||||
Total Austria | 1,184,040 | |||||||
Belgium – 2.0% | ||||||||
Anheuser-Busch InBev S.A. | 67,003 | 7,356,999 | ||||||
KBC Group N.V. | 15,175 | 1,319,846 | ||||||
|
| |||||||
Total Belgium | 8,676,845 | |||||||
China – 2.7% | ||||||||
China Mobile Ltd. | 740,486 | 6,788,472 | ||||||
China Overseas Land & Investment Ltd. | 320,000 | 1,111,069 | ||||||
CITIC Ltd. | 857,273 | 1,199,350 | ||||||
CNOOC Ltd. | 1,904,529 | 2,805,239 | ||||||
|
| |||||||
Total China | 11,904,130 | |||||||
Denmark – 1.3% | ||||||||
Coloplast A/S Class B | 5,624 | 473,793 | ||||||
Danske Bank A/S | 33,551 | 1,247,735 | ||||||
Novo Nordisk A/S Class B | 60,583 | 2,973,724 | ||||||
Orsted A/S(a) | 10,398 | 672,510 | ||||||
Vestas Wind Systems A/S | 4,225 | 299,610 | ||||||
|
| |||||||
Total Denmark | 5,667,372 | |||||||
Finland – 0.9% | ||||||||
Kone Oyj Class B | 16,857 | 840,251 | ||||||
Nokia Oyj | 195,682 | 1,079,358 | ||||||
Sampo Oyj Class A | 24,351 | 1,355,451 | ||||||
UPM-Kymmene Oyj(b) | 21,844 | 808,632 | ||||||
|
| |||||||
Total Finland | 4,083,692 | |||||||
France – 14.0% | ||||||||
Aeroports de Paris | 2,191 | 476,945 | ||||||
Air Liquide S.A. | 11,139 | 1,362,807 | ||||||
Airbus SE | 16,254 | 1,875,061 | ||||||
AXA S.A. | 103,813 | 2,757,768 | ||||||
BNP Paribas S.A. | 47,109 | 3,486,071 | ||||||
Bouygues S.A. | 16,242 | 813,192 | ||||||
Capgemini SE | 3,702 | 460,754 | ||||||
Carrefour S.A.(b) | 26,273 | 544,455 | ||||||
Christian Dior SE | 3,281 | 1,294,876 | ||||||
Cie de Saint-Gobain | 16,285 | 858,405 | ||||||
Cie Generale des Etablissements Michelin SCA | 5,294 | 780,648 | ||||||
CNP Assurances | 24,440 | 616,180 | ||||||
Credit Agricole S.A. | 108,790 | 1,766,769 | ||||||
Danone S.A. | 18,502 | 1,495,666 | ||||||
Electricite de France S.A. | 242,232 | 3,503,411 | ||||||
Engie S.A. | 191,782 | 3,197,125 | ||||||
Essilor International Cie Generale d’Optique S.A. | 3,201 | 431,468 | ||||||
Hermes International | 1,049 | 621,189 | ||||||
Kering S.A. | 2,639 | 1,261,880 | ||||||
L’Oreal S.A. | 10,621 | 2,394,962 | ||||||
Legrand S.A. | 7,115 | 557,400 | ||||||
LVMH Moet Hennessy Louis Vuitton SE(b) | 10,408 | 3,202,631 | ||||||
Natixis S.A. | 160,374 | 1,313,197 | ||||||
Orange S.A. | 115,436 | 1,957,043 | ||||||
Pernod Ricard S.A. | 4,664 | 775,797 | ||||||
Peugeot S.A. | 24,483 | 588,659 | ||||||
Publicis Groupe S.A. | 7,333 | 510,266 | ||||||
Renault S.A. | 12,482 | 1,512,073 | ||||||
Safran S.A. | 10,001 | 1,057,531 | ||||||
Sanofi | 48,574 | 3,902,733 | ||||||
Schneider Electric SE* | 17,868 | 1,567,694 | ||||||
Societe Generale S.A. | 33,528 | 1,820,912 | ||||||
Sodexo S.A. | 4,465 | 449,736 | ||||||
Thales S.A. | 3,599 | 437,931 | ||||||
TOTAL S.A. | 149,240 | 8,466,833 | ||||||
Unibail-Rodamco SE | 3,832 | 874,929 | ||||||
Valeo S.A. | 5,784 | 381,566 | ||||||
Vinci S.A. | 17,439 | 1,713,644 | ||||||
Vivendi S.A. | 34,170 | 882,504 | ||||||
|
| |||||||
Total France | 61,972,711 | |||||||
Germany – 9.5% | ||||||||
adidas AG | 2,841 | 687,096 | ||||||
Allianz SE Registered Shares | 18,147 | 4,093,139 | ||||||
BASF SE | 35,561 | 3,606,802 | ||||||
Bayer AG Registered Shares | 21,034 | 2,374,486 | ||||||
Bayerische Motoren Werke AG | 27,938 | 3,028,795 | ||||||
Beiersdorf AG | 1,260 | 142,595 | ||||||
Continental AG | 4,822 | 1,330,175 | ||||||
Covestro AG(a) | 5,043 | 495,303 | ||||||
Daimler AG Registered Shares | 59,462 | 5,043,732 | ||||||
Deutsche Bank AG Registered Shares | 24,296 | 338,426 | ||||||
Deutsche Boerse AG | 5,667 | 770,834 | ||||||
Deutsche Post AG Registered Shares | 45,288 | 1,978,374 | ||||||
Deutsche Telekom AG Registered Shares | 183,139 | 2,984,345 | ||||||
E.ON SE | 51,603 | 572,445 | ||||||
Evonik Industries AG | 19,942 | 702,415 | ||||||
Fresenius Medical Care AG & Co. KGaA | 4,112 | 419,642 | ||||||
Fresenius SE & Co. KGaA | 5,313 | 405,512 | ||||||
HeidelbergCement AG | 4,741 | 465,175 | ||||||
Henkel AG & Co. KGaA | 4,298 | 540,747 | ||||||
Infineon Technologies AG | 17,698 | 473,190 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2018
Investments | Shares | Value | ||||||
Innogy SE(a) | 27,737 | $ | 1,312,303 | |||||
Linde AG* | 4,486 | 943,977 | ||||||
MAN SE | 4,330 | 504,568 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 6,970 | 1,618,833 | ||||||
SAP SE | 18,775 | 1,961,995 | ||||||
Siemens AG Registered Shares | 26,633 | 3,390,757 | ||||||
Telefonica Deutschland Holding AG | 192,231 | 902,161 | ||||||
Volkswagen AG | 4,826 | 965,073 | ||||||
|
| |||||||
Total Germany | 42,052,895 | |||||||
Hong Kong – 2.7% | ||||||||
AIA Group Ltd. | 165,800 | 1,402,739 | ||||||
BOC Hong Kong Holdings Ltd. | 333,715 | 1,624,290 | ||||||
CLP Holdings Ltd. | 88,500 | 900,979 | ||||||
Galaxy Entertainment Group Ltd. | 47,000 | 426,685 | ||||||
Hang Seng Bank Ltd. | 65,495 | 1,515,474 | ||||||
Henderson Land Development Co., Ltd. | 116,606 | 759,217 | ||||||
Hong Kong & China Gas Co., Ltd. | 322,891 | 663,201 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 23,700 | 770,643 | ||||||
MTR Corp., Ltd. | 169,500 | 911,395 | ||||||
Power Assets Holdings Ltd. | 83,000 | 739,759 | ||||||
Sun Hung Kai Properties Ltd. | 74,442 | 1,176,154 | ||||||
Swire Properties Ltd. | 152,000 | 532,599 | ||||||
Wharf Holdings Ltd. (The) | 101,000 | 346,820 | ||||||
Wheelock & Co., Ltd. | 37,000 | 270,371 | ||||||
|
| |||||||
Total Hong Kong | 12,040,326 | |||||||
Ireland – 0.1% | ||||||||
CRH PLC | 19,964 | 676,919 | ||||||
Italy – 3.5% | ||||||||
Assicurazioni Generali SpA | 80,460 | 1,546,153 | ||||||
Atlantia SpA | 36,330 | 1,123,714 | ||||||
Enel SpA | 580,778 | 3,549,922 | ||||||
Eni SpA | 236,624 | 4,157,981 | ||||||
Intesa Sanpaolo SpA | 987,869 | 3,588,299 | ||||||
Luxottica Group SpA | 8,896 | 552,508 | ||||||
Snam SpA | 209,842 | 963,391 | ||||||
|
| |||||||
Total Italy | 15,481,968 | |||||||
Japan – 14.9% | ||||||||
Asahi Group Holdings Ltd. | 7,900 | 420,962 | ||||||
Astellas Pharma, Inc. | 65,900 | 1,000,118 | ||||||
Bridgestone Corp. | 28,000 | 1,217,414 | ||||||
Canon, Inc. | 58,600 | 2,123,045 | ||||||
Chugai Pharmaceutical Co., Ltd. | 10,600 | 536,229 | ||||||
Dai-ichi Life Holdings, Inc. | 24,100 | 440,190 | ||||||
Daiichi Sankyo Co., Ltd. | 25,400 | 842,129 | ||||||
Daikin Industries Ltd. | 4,400 | 485,510 | ||||||
Daiwa House Industry Co., Ltd. | 17,000 | 655,383 | ||||||
Denso Corp. | 22,800 | 1,247,729 | ||||||
East Japan Railway Co. | 6,300 | 584,209 | ||||||
Eisai Co., Ltd. | 10,400 | 663,116 | ||||||
FANUC Corp. | 3,800 | 963,310 | ||||||
Fast Retailing Co., Ltd. | 1,000 | 406,582 | ||||||
FUJIFILM Holdings Corp. | 13,900 | 554,824 | ||||||
Hitachi Ltd. | 122,000 | 884,228 | ||||||
Honda Motor Co., Ltd. | 63,600 | 2,188,773 | ||||||
Hoya Corp. | 7,800 | 389,083 | ||||||
ITOCHU Corp. | 65,500 | 1,272,739 | ||||||
Japan Post Holdings Co., Ltd. | 154,500 | 1,860,973 | ||||||
Japan Tobacco, Inc. | 72,209 | 2,081,738 | ||||||
JXTG Holdings, Inc. | 110,200 | 667,003 | ||||||
Kao Corp. | 10,800 | 810,482 | ||||||
KDDI Corp.(b) | 83,800 | 2,140,505 | ||||||
Kirin Holdings Co., Ltd. | 19,300 | 514,031 | ||||||
Komatsu Ltd. | 24,800 | 827,133 | ||||||
Kubota Corp. | 25,500 | 446,460 | ||||||
Mitsubishi Corp. | 64,400 | 1,733,078 | ||||||
Mitsubishi Electric Corp. | 46,900 | 750,356 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 318,900 | 2,090,017 | ||||||
Mitsui & Co., Ltd. | 71,300 | 1,221,855 | ||||||
Mitsui Fudosan Co., Ltd. | 15,500 | 376,241 | ||||||
Mizuho Financial Group, Inc. | 823,498 | 1,482,064 | ||||||
MS&AD Insurance Group Holdings, Inc. | 18,600 | 586,770 | ||||||
Murata Manufacturing Co., Ltd. | 3,300 | 452,102 | ||||||
Nintendo Co., Ltd. | 2,000 | 881,241 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 19,100 | 419,625 | ||||||
Nippon Telegraph & Telephone Corp. | 54,000 | 2,488,011 | ||||||
Nissan Motor Co., Ltd. | 215,200 | 2,233,952 | ||||||
Nomura Holdings, Inc. | 97,300 | 562,940 | ||||||
NTT Data Corp. | 6,300 | 67,058 | ||||||
NTT DOCOMO, Inc.(b) | 130,000 | 3,320,592 | ||||||
Otsuka Holdings Co., Ltd. | 14,300 | 716,546 | ||||||
Panasonic Corp. | 49,200 | 703,650 | ||||||
Recruit Holdings Co., Ltd. | 22,800 | 566,945 | ||||||
Secom Co., Ltd. | 5,100 | 379,803 | ||||||
Seven & I Holdings Co., Ltd. | 20,100 | 862,590 | ||||||
Shin-Etsu Chemical Co., Ltd. | 7,700 | 796,789 | ||||||
Shionogi & Co., Ltd. | 2,000 | 103,263 | ||||||
SoftBank Group Corp. | 6,500 | 485,896 | ||||||
Sompo Holdings, Inc. | 9,700 | 390,554 | ||||||
Subaru Corp. | 34,500 | 1,131,185 | ||||||
Sumitomo Corp. | 49,700 | 836,979 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 45,300 | 1,898,894 | ||||||
Suzuki Motor Corp. | 2,000 | 107,757 | ||||||
Takeda Pharmaceutical Co., Ltd. | 30,400 | 1,481,553 | ||||||
Tokio Marine Holdings, Inc. | 20,400 | 908,265 | ||||||
Tokyo Electron Ltd. | 3,900 | 733,977 | ||||||
Toyota Motor Corp. | 132,200 | 8,483,921 | ||||||
Yahoo Japan Corp.(b) | 128,900 | 598,746 | ||||||
|
| |||||||
Total Japan | 66,077,113 | |||||||
Netherlands – 2.0% | ||||||||
ABN AMRO Group N.V. CVA(a) | 30,507 | 918,091 | ||||||
Akzo Nobel N.V. | 6,442 | 607,988 | ||||||
ASML Holding N.V. | 5,414 | 1,066,345 | ||||||
Heineken Holding N.V. | 4,320 | 444,694 | ||||||
Heineken N.V. | 10,724 | 1,151,392 |
See Notes to Financial Statements.
74 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2018
Investments | Shares | Value | ||||||
ING Groep N.V. | 155,558 | $ | 2,620,989 | |||||
Koninklijke Ahold Delhaize N.V. | 39,508 | 934,948 | ||||||
Koninklijke Philips N.V. | 27,899 | 1,069,321 | ||||||
Steinhoff International Holdings N.V.* | 161,069 | 44,372 | ||||||
|
| |||||||
Total Netherlands | 8,858,140 | |||||||
Norway – 1.7% | ||||||||
DNB ASA | 58,205 | 1,128,002 | ||||||
Statoil ASA | 182,332 | 4,288,348 | ||||||
Telenor ASA | 96,569 | 2,177,152 | ||||||
|
| |||||||
Total Norway | 7,593,502 | |||||||
Singapore – 1.3% | ||||||||
DBS Group Holdings Ltd. | 66,100 | 1,386,220 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 120,555 | 1,178,613 | ||||||
Singapore Telecommunications Ltd. | 840,600 | 2,160,316 | ||||||
United Overseas Bank Ltd. | 41,886 | 878,414 | ||||||
Wilmar International Ltd. | 139,500 | 338,298 | ||||||
|
| |||||||
Total Singapore | 5,941,861 | |||||||
Spain – 4.6% | ||||||||
Abertis Infraestructuras S.A. | 50,311 | 1,127,363 | ||||||
Aena SME S.A.(a) | 3,630 | 730,592 | ||||||
Amadeus IT Group S.A. | 12,895 | 951,218 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 286,207 | 2,262,955 | ||||||
Banco Santander S.A. | 457,005 | 2,976,043 | ||||||
CaixaBank S.A. | 184,298 | 877,624 | ||||||
Endesa S.A. | 71,090 | 1,563,687 | ||||||
Ferrovial S.A. | 33,884 | 706,970 | ||||||
Gas Natural SDG S.A. | 51,648 | 1,231,640 | ||||||
Iberdrola S.A. | 297,729 | 2,186,720 | ||||||
Industria de Diseno Textil S.A. | 61,096 | 1,910,783 | ||||||
Repsol S.A. | 63,535 | 1,126,367 | ||||||
Telefonica S.A. | 269,964 | 2,665,419 | ||||||
|
| |||||||
Total Spain | 20,317,381 | |||||||
Sweden – 2.5% | ||||||||
Assa Abloy AB Class B | 20,672 | 445,168 | ||||||
Atlas Copco AB Class A | 23,620 | 1,018,716 | ||||||
Hennes & Mauritz AB Class B(b) | 38,727 | 578,861 | ||||||
Nordea Bank AB | 205,021 | 2,181,231 | ||||||
Sandvik AB | 31,915 | 580,962 | ||||||
Skandinaviska Enskilda Banken AB Class A | 101,681 | 1,061,636 | ||||||
Svenska Handelsbanken AB Class A(b) | 71,227 | 886,213 | ||||||
Swedbank AB Class A | 63,738 | 1,423,199 | ||||||
Telefonaktiebolaget LM Ericsson Class B(b) | 63,514 | 401,342 | ||||||
Telia Co. AB | 312,625 | 1,463,680 | ||||||
Volvo AB Class B | 46,298 | 841,676 | ||||||
|
| |||||||
Total Sweden | 10,882,684 | |||||||
Switzerland – 9.2% | ||||||||
ABB Ltd. Registered Shares | 77,027 | 1,827,541 | ||||||
Cie Financiere Richemont S.A. Registered Shares | 12,629 | 1,131,018 | ||||||
Credit Suisse Group AG Registered Shares* | 92,689 | 1,547,721 | ||||||
EMS-Chemie Holding AG Registered Shares | 658 | 414,342 | ||||||
Geberit AG Registered Shares | 1,058 | 466,687 | ||||||
Givaudan S.A. Registered Shares | 322 | 731,696 | ||||||
Kuehne + Nagel International AG Registered Shares | 4,769 | 748,518 | ||||||
LafargeHolcim Ltd. Registered Shares* | 24,288 | 1,326,506 | ||||||
Nestle S.A. Registered Shares | 98,836 | 7,804,906 | ||||||
Novartis AG Registered Shares | 102,419 | 8,263,254 | ||||||
Partners Group Holding AG | 698 | 517,523 | ||||||
Roche Holding AG Bearer Shares | 5,577 | 1,291,749 | ||||||
Roche Holding AG Genusschein | 26,177 | 5,989,328 | ||||||
SGS S.A. Registered Shares | 276 | 676,742 | ||||||
Swiss Re AG | 17,591 | 1,787,022 | ||||||
Swisscom AG Registered Shares(b) | 2,820 | 1,394,687 | ||||||
UBS Group AG Registered Shares* | 130,049 | 2,280,882 | ||||||
Zurich Insurance Group AG | 7,880 | 2,578,939 | ||||||
|
| |||||||
Total Switzerland | 40,779,061 | |||||||
United Kingdom – 20.1% | ||||||||
Associated British Foods PLC | 10,948 | 382,564 | ||||||
AstraZeneca PLC | 57,637 | 3,958,168 | ||||||
Aviva PLC | 152,944 | 1,063,953 | ||||||
BAE Systems PLC | 125,103 | 1,020,325 | ||||||
Barclays PLC | 201,292 | 583,099 | ||||||
BHP Billiton PLC | 82,988 | 1,634,009 | ||||||
BP PLC | 1,471,449 | 9,892,432 | ||||||
British American Tobacco PLC | 66,250 | 3,839,165 | ||||||
BT Group PLC | 556,145 | 1,774,864 | ||||||
Coca-Cola European Partners PLC | 10,500 | 436,732 | ||||||
Compass Group PLC | 47,632 | 972,538 | ||||||
Diageo PLC | 73,913 | 2,500,886 | ||||||
GlaxoSmithKline PLC | 258,383 | 5,052,688 | ||||||
HSBC Holdings PLC | 1,021,031 | 9,530,539 | ||||||
Imperial Brands PLC | 49,392 | 1,680,905 | ||||||
Legal & General Group PLC | 282,741 | 1,022,510 | ||||||
Lloyds Banking Group PLC | 2,363,413 | 2,143,735 | ||||||
National Grid PLC | 185,309 | 2,085,331 | ||||||
Prudential PLC | 57,789 | 1,441,766 | ||||||
Reckitt Benckiser Group PLC | 16,568 | 1,402,398 | ||||||
RELX N.V. | 30,344 | 628,072 | ||||||
RELX PLC | 28,025 | 575,942 | ||||||
Rio Tinto PLC | 66,969 | 3,392,322 | ||||||
Royal Dutch Shell PLC Class A | 352,485 | 11,043,897 | ||||||
Royal Dutch Shell PLC Class B | 289,185 | 9,237,077 | ||||||
Smith & Nephew PLC | 21,535 | 402,086 | ||||||
SSE PLC | 72,567 | 1,298,930 | ||||||
Unilever N.V. CVA | 48,725 | 2,748,735 | ||||||
Unilever PLC | 38,680 | 2,146,266 | ||||||
Vodafone Group PLC | 1,818,987 | 4,955,862 | ||||||
|
| |||||||
Total United Kingdom | 88,847,796 | |||||||
TOTAL COMMON STOCKS (Cost: $401,850,855) | 439,344,049 | |||||||
EXCHANGE-TRADED FUND – 0.2% | ||||||||
United States – 0.2% | ||||||||
WisdomTree International MidCap Dividend Fund(c) (Cost: $742,119) | 11,054 | 759,963 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 75 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2018
Investments | Shares | Value | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8% | ||||||||
United States – 2.8% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d) | ||||||||
(Cost: $12,459,385)(e) | 12,459,385 | $ | 12,459,385 | |||||
TOTAL INVESTMENTS IN SECURITIES – 102.2% (Cost: $415,052,359) |
| 452,563,397 | ||||||
Other Assets less Liabilities – (2.2)% | (9,703,278 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 442,860,119 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(b) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(c) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $12,281,757 and the total market value of the collateral held by the Fund was $13,027,848. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $568,463. |
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 Montreal | 4/3/2018 | 10,456 | USD | 10,000 | CHF | $ | 13 | $ | — | |||||||||||||||||||
Royal Bank of Canada | 4/3/2018 | 2,146 | USD | 13,000 | DKK | 1 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/3/2018 | 104,203 | USD | 870,000 | SEK | 320 | — | |||||||||||||||||||||
UBS AG | 4/2/2018 | 42,189 | USD | 4,495,000 | JPY | — | (77 | ) | ||||||||||||||||||||
UBS AG | 4/3/2018 | 46,114 | USD | 60,000 | AUD | 91 | — | |||||||||||||||||||||
UBS AG | 4/3/2018 | 140,339 | USD | 100,000 | GBP | 59 | — | |||||||||||||||||||||
$ | 484 | $ | (77 | ) |
CURRENCY LEGEND |
AUD – Australian dollar
CHF – Swiss franc
DKK – Danish krone
GBP – British pound
JPY – Japanese yen
SEK – Swedish krona
USD – U.S. dollar
See Notes to Financial Statements.
76 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.4% | ||||||||
Australia – 8.1% | ||||||||
AGL Energy Ltd. | 47,216 | $ | 785,185 | |||||
Alumina Ltd. | 273,867 | 495,764 | ||||||
Amcor Ltd. | 86,486 | 940,025 | ||||||
AMP Ltd. | 332,082 | 1,271,070 | ||||||
Aristocrat Leisure Ltd. | 21,424 | 395,385 | ||||||
ASX Ltd. | 15,578 | 669,867 | ||||||
Aurizon Holdings Ltd. | 210,093 | 681,672 | ||||||
Bank of Queensland Ltd. | 53,259 | 447,741 | ||||||
Bendigo & Adelaide Bank Ltd. | 61,528 | 464,399 | ||||||
Boral Ltd. | 72,104 | 411,487 | ||||||
Brambles Ltd. | 99,455 | 761,344 | ||||||
Caltex Australia Ltd. | 19,529 | 470,363 | ||||||
Challenger Ltd. | 36,642 | 324,346 | ||||||
CIMIC Group Ltd. | 20,369 | 694,801 | ||||||
Coca-Cola Amatil Ltd. | 93,453 | 621,493 | ||||||
Cochlear Ltd. | 2,578 | 359,145 | ||||||
Computershare Ltd. | 33,807 | 448,877 | ||||||
Crown Resorts Ltd. | 86,381 | 840,821 | ||||||
Downer EDI Ltd. | 40,417 | 198,722 | ||||||
Fortescue Metals Group Ltd. | 460,058 | 1,528,003 | ||||||
Harvey Norman Holdings Ltd.(a) | 215,512 | 609,988 | ||||||
Incitec Pivot Ltd. | 90,093 | 242,562 | ||||||
Insurance Australia Group Ltd. | 202,371 | 1,161,110 | ||||||
Magellan Financial Group Ltd. | 12,754 | 233,226 | ||||||
Medibank Pvt Ltd. | 225,492 | 501,595 | ||||||
Newcrest Mining Ltd. | 24,265 | 364,060 | ||||||
Orica Ltd. | 18,463 | 251,518 | ||||||
Qantas Airways Ltd. | 111,119 | 496,913 | ||||||
QBE Insurance Group Ltd. | 116,211 | 858,415 | ||||||
Qube Holdings Ltd.(a) | 78,351 | 131,016 | ||||||
Ramsay Health Care Ltd. | 8,912 | 426,016 | ||||||
REA Group Ltd. | 5,547 | 337,025 | ||||||
Seek Ltd. | 21,878 | 312,136 | ||||||
Sonic Healthcare Ltd. | 30,689 | 538,595 | ||||||
South32 Ltd. | 277,366 | 685,067 | ||||||
Star Entertainment Grp Ltd. (The) | 62,574 | 253,906 | ||||||
Suncorp Group Ltd. | 128,718 | 1,317,100 | ||||||
Tabcorp Holdings Ltd. | 207,166 | 697,600 | ||||||
TPG Telecom Ltd.(a) | 60,816 | 256,103 | ||||||
Treasury Wine Estates Ltd. | 35,604 | 460,447 | ||||||
Washington H Soul Pattinson & Co., Ltd.(a) | 18,608 | 265,626 | ||||||
|
| |||||||
Total Australia | 23,210,534 | |||||||
Austria – 0.8% | ||||||||
Andritz AG | 7,396 | 412,957 | ||||||
Lenzing AG | 1,647 | 203,164 | ||||||
Oesterreichische Post AG | 7,974 | 396,000 | ||||||
Telekom Austria AG* | 48,938 | 465,843 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 8,140 | 272,099 | ||||||
Voestalpine AG | 11,570 | 605,744 | ||||||
|
| |||||||
Total Austria | 2,355,807 | |||||||
Belgium – 2.3% | ||||||||
Ackermans & van Haaren N.V. | 1,511 | 264,251 | ||||||
Ageas | 21,339 | 1,101,189 | ||||||
Bekaert S.A. | 3,377 | 143,784 | ||||||
bpost S.A. | 27,942 | 630,932 | ||||||
Colruyt S.A. | 10,736 | 593,109 | ||||||
Elia System Operator S.A./N.V. | 5,316 | 332,125 | ||||||
Melexis N.V. | 3,728 | 371,375 | ||||||
Proximus SADP | 37,347 | 1,158,845 | ||||||
Solvay S.A. | 6,169 | 856,187 | ||||||
UCB S.A. | 8,884 | 723,082 | ||||||
Umicore S.A. | 8,042 | 424,597 | ||||||
|
| |||||||
Total Belgium | 6,599,476 | |||||||
China – 2.7% | ||||||||
Beijing Enterprises Holdings Ltd. | 80,200 | 418,970 | ||||||
China Everbright International Ltd. | 250,000 | 350,394 | ||||||
China Jinmao Holdings Group Ltd. | 937,242 | 533,806 | ||||||
China Power International Development Ltd. | 1,039,666 | 267,590 | ||||||
China Resources Pharmaceutical Group Ltd.(b) | 196,500 | 275,410 | ||||||
China Resources Power Holdings Co., Ltd. | 562,000 | 1,025,425 | ||||||
CSPC Pharmaceutical Group Ltd. | 74,000 | 196,590 | ||||||
Fosun International Ltd. | 337,500 | 731,050 | ||||||
Guangdong Investment Ltd. | 584,208 | 918,559 | ||||||
Lenovo Group Ltd. | 1,334,000 | 681,592 | ||||||
Shanghai Industrial Holdings Ltd. | 87,500 | 227,995 | ||||||
Shenzhen Investment Ltd. | 694,000 | 294,461 | ||||||
Sino-Ocean Group Holding Ltd. | 885,464 | 641,960 | ||||||
Sun Art Retail Group Ltd. | 730,000 | 849,216 | ||||||
Yangzijiang Shipbuilding Holdings Ltd. | 320,400 | 295,649 | ||||||
|
| |||||||
Total China | 7,708,667 | |||||||
Denmark – 1.3% | ||||||||
Chr Hansen Holding A/S | 4,865 | 418,199 | ||||||
DSV A/S | 3,703 | 289,781 | ||||||
H. Lundbeck A/S(a) | 4,058 | 226,170 | ||||||
ISS A/S | 12,121 | 447,170 | ||||||
Jyske Bank A/S Registered Shares | 4,561 | 269,255 | ||||||
Novozymes A/S Class B | 7,662 | 394,926 | ||||||
Pandora A/S | 4,257 | 456,401 | ||||||
Tryg A/S | 48,886 | 1,133,245 | ||||||
|
| |||||||
Total Denmark | 3,635,147 | |||||||
Finland – 3.4% | ||||||||
Amer Sports Oyj*(a) | 12,466 | 384,356 | ||||||
Cargotec Oyj Class B | 2,323 | 123,591 | ||||||
Elisa Oyj | 17,790 | 804,492 | ||||||
Fortum Oyj(a) | 156,091 | 3,349,852 | ||||||
Huhtamaki Oyj | 4,611 | 202,109 | ||||||
Kesko Oyj Class B | 6,973 | 399,287 | ||||||
Konecranes Oyj | 4,783 | 207,295 | ||||||
Metso Oyj(a) | 13,012 | 409,832 | ||||||
Neste Oyj(a) | 22,203 | 1,545,541 | ||||||
Nokian Renkaat Oyj | 11,676 | 529,874 | ||||||
Orion Oyj Class B | 6,955 | 212,728 | ||||||
Stora Enso Oyj Class R(a) | 46,927 | 861,369 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 77 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2018
Investments | Shares | Value | ||||||
Valmet Oyj | 8,616 | $ | 172,509 | |||||
Wartsila Oyj Abp | 20,689 | 456,727 | ||||||
|
| |||||||
Total Finland | 9,659,562 | |||||||
France – 6.6% | ||||||||
Accor S.A. | 15,820 | 853,156 | ||||||
Amundi S.A.(b) | 15,385 | 1,234,801 | ||||||
Arkema S.A. | 3,871 | 504,640 | ||||||
Bollore S.A. | 104,118 | 554,455 | ||||||
Bollore S.A.*(a) | 450 | 2,385 | ||||||
Bureau Veritas S.A. | 26,027 | 675,717 | ||||||
Casino Guichard Perrachon S.A. | 13,692 | 670,365 | ||||||
Cie Plastic Omnium S.A. | 4,951 | 236,862 | ||||||
Edenred | 14,654 | 508,948 | ||||||
Eiffage S.A. | 4,941 | 561,972 | ||||||
Elior Group S.A.(b) | 6,747 | 146,539 | ||||||
Eurazeo S.A. | 4,550 | 418,287 | ||||||
Eutelsat Communications S.A. | 24,185 | 478,877 | ||||||
Faurecia S.A. | 6,415 | 518,497 | ||||||
Fonciere Des Regions | 7,053 | 777,636 | ||||||
Getlink SE | 30,752 | 438,716 | ||||||
ICADE | 7,975 | 773,856 | ||||||
Imerys S.A. | 4,679 | 454,028 | ||||||
Ingenico Group S.A. | 2,733 | 221,435 | ||||||
Ipsen S.A. | 2,361 | 366,299 | ||||||
JCDecaux S.A. | 9,983 | 346,965 | ||||||
Klepierre S.A. | 29,348 | 1,182,067 | ||||||
Lagardere SCA | 14,748 | 420,798 | ||||||
Metropole Television S.A. | 13,343 | 343,295 | ||||||
Nexity S.A.* | 5,614 | 359,373 | ||||||
Orpea | 2,004 | 254,472 | ||||||
Remy Cointreau S.A. | 2,813 | 400,618 | ||||||
Rexel S.A. | 17,207 | 290,978 | ||||||
Rubis SCA | 6,353 | 458,246 | ||||||
SCOR SE | 19,562 | 800,180 | ||||||
SEB S.A. | 1,613 | 307,878 | ||||||
Societe BIC S.A. | 3,153 | 313,513 | ||||||
SPIE S.A. | 9,272 | 204,915 | ||||||
Suez | 48,971 | 708,872 | ||||||
Teleperformance | 2,121 | 328,673 | ||||||
Veolia Environnement S.A. | 52,511 | 1,242,855 | ||||||
Vicat S.A. | 2,550 | 192,401 | ||||||
Wendel S.A. | 2,326 | 362,442 | ||||||
|
| |||||||
Total France | 18,916,012 | |||||||
Germany – 6.0% | ||||||||
1&1 Drillisch AG | 4,495 | 302,668 | ||||||
Aurubis AG | 1,558 | 130,832 | ||||||
Axel Springer SE | 9,537 | 797,578 | ||||||
Brenntag AG | 6,536 | 388,250 | ||||||
CECONOMY AG | 25,002 | 287,501 | ||||||
CTS Eventim AG & Co. KGaA | 6,113 | 286,138 | ||||||
Deutsche Lufthansa AG Registered Shares | 30,334 | 967,725 | ||||||
Deutsche Wohnen SE Bearer Shares | 15,595 | 726,904 | ||||||
DMG MORI AG | 5,022 | 287,816 | ||||||
Duerr AG | 2,287 | 250,721 | ||||||
Fielmann AG | 4,979 | 402,309 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 4,920 | 484,674 | ||||||
Freenet AG | 16,974 | 515,833 | ||||||
Fuchs Petrolub SE | 3,669 | 186,584 | ||||||
GEA Group AG | 9,432 | 400,778 | ||||||
Hannover Rueck SE | 10,759 | 1,467,424 | ||||||
Hella GmbH & Co. KGaA | 6,438 | 422,809 | ||||||
Hochtief AG | 2,835 | 528,921 | ||||||
Hugo Boss AG | 6,386 | 555,737 | ||||||
K+S AG Registered Shares | 6,821 | 196,634 | ||||||
KION Group AG | 3,673 | 342,136 | ||||||
LANXESS AG | 2,436 | 186,346 | ||||||
LEG Immobilien AG | 4,127 | 463,605 | ||||||
MTU Aero Engines AG | 2,329 | 391,839 | ||||||
OSRAM Licht AG | 4,373 | 321,397 | ||||||
ProSiebenSat.1 Media SE | 26,509 | 918,727 | ||||||
Rheinmetall AG | 2,107 | 298,906 | ||||||
Stroeer SE & Co. KGaA | 3,111 | 217,129 | ||||||
Suedzucker AG | 9,076 | 153,926 | ||||||
Symrise AG | 3,923 | 315,343 | ||||||
Talanx AG | 20,669 | 898,335 | ||||||
TUI AG | 63,382 | 1,358,579 | ||||||
Uniper SE | 28,045 | 853,656 | ||||||
United Internet AG Registered Shares | 9,049 | 568,688 | ||||||
Wacker Chemie AG | 2,701 | 442,965 | ||||||
|
| |||||||
Total Germany | 17,319,413 | |||||||
Hong Kong – 2.3% | ||||||||
Bank of East Asia Ltd. (The) | 100,722 | 401,692 | ||||||
Dah Sing Banking Group Ltd. | 70,800 | 154,441 | ||||||
Hang Lung Group Ltd. | 69,000 | 225,507 | ||||||
Hang Lung Properties Ltd. | 347,000 | 808,221 | ||||||
Hopewell Holdings Ltd. | 113,662 | 433,747 | ||||||
Hysan Development Co., Ltd. | 83,000 | 438,885 | ||||||
New World Development Co., Ltd. | 869,044 | 1,226,891 | ||||||
PCCW Ltd. | 1,085,543 | 627,953 | ||||||
Sino Land Co., Ltd. | 483,046 | 781,658 | ||||||
SJM Holdings Ltd. | 363,000 | 315,439 | ||||||
Swire Pacific Ltd. Class A | 51,500 | 519,377 | ||||||
Swire Pacific Ltd. Class B | 152,500 | 261,152 | ||||||
Techtronic Industries Co., Ltd. | 68,500 | 399,306 | ||||||
|
| |||||||
Total Hong Kong | 6,594,269 | |||||||
Ireland – 0.6% | ||||||||
DCC PLC | 3,454 | 317,850 | ||||||
Kingspan Group PLC | 5,269 | 222,915 | ||||||
Paddy Power Betfair PLC | 3,741 | 383,942 | ||||||
Smurfit Kappa Group PLC | 16,388 | 663,496 | ||||||
|
| |||||||
Total Ireland | 1,588,203 | |||||||
Israel – 0.8% | ||||||||
Azrieli Group Ltd. | 5,583 | 267,315 | ||||||
Bank Hapoalim BM | 72,419 | 495,878 | ||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 449,080 | 573,046 |
See Notes to Financial Statements.
78 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2018
Investments | Shares | Value | ||||||
Elbit Systems Ltd. | 1,928 | $ | 231,194 | |||||
Israel Chemicals Ltd. | 96,622 | 407,310 | ||||||
Mizrahi Tefahot Bank Ltd. | 11,347 | 216,640 | ||||||
|
| |||||||
Total Israel | 2,191,383 | |||||||
Italy – 4.0% | ||||||||
A2A SpA | 259,184 | 495,509 | ||||||
ACEA SpA | 21,526 | 364,808 | ||||||
Azimut Holding SpA | 17,326 | 371,725 | ||||||
Banca Generali SpA | 11,342 | 365,463 | ||||||
Banca Mediolanum SpA | 81,103 | 706,192 | ||||||
Brembo SpA | 13,579 | 209,420 | ||||||
De’ Longhi SpA | 9,876 | 292,962 | ||||||
FinecoBank Banca Fineco SpA | 61,943 | 744,132 | ||||||
Hera SpA | 137,478 | 502,836 | ||||||
Industria Macchine Automatiche SpA | 2,254 | 219,133 | ||||||
Infrastrutture Wireless Italiane SpA(b) | 46,655 | 368,945 | ||||||
Iren SpA | 115,843 | 363,012 | ||||||
Italgas SpA | 81,604 | 487,352 | ||||||
Leonardo SpA | 12,801 | 147,641 | ||||||
Mediobanca Banca di Credito Finanziario SpA | 58,412 | 685,909 | ||||||
Poste Italiane SpA(b) | 166,072 | 1,515,488 | ||||||
Prysmian SpA | 10,966 | 343,907 | ||||||
Recordati SpA | 11,461 | 422,578 | ||||||
Salvatore Ferragamo SpA(a) | 7,983 | 220,117 | ||||||
Terna Rete Elettrica Nazionale SpA | 181,667 | 1,061,037 | ||||||
Unione di Banche Italiane SpA | 67,694 | 308,954 | ||||||
Unipol Gruppo SpA | 84,005 | 410,981 | ||||||
UnipolSai Assicurazioni SpA | 341,482 | 811,805 | ||||||
|
| |||||||
Total Italy | 11,419,906 | |||||||
Japan – 24.7% | ||||||||
ABC-Mart, Inc. | 5,278 | 347,896 | ||||||
Aeon Co., Ltd. | 43,200 | 771,588 | ||||||
Air Water, Inc. | 8,700 | 169,828 | ||||||
Aisin Seiki Co., Ltd. | 15,500 | 842,407 | ||||||
Ajinomoto Co., Inc. | 18,900 | 342,102 | ||||||
Alfresa Holdings Corp. | 15,700 | 349,578 | ||||||
Amada Holdings Co., Ltd. | 33,000 | 400,903 | ||||||
ANA Holdings, Inc.(a) | 14,600 | 565,330 | ||||||
Aozora Bank Ltd. | 13,500 | 537,588 | ||||||
Asahi Glass Co., Ltd. | 11,728 | 485,772 | ||||||
Asahi Kasei Corp. | 75,700 | 995,809 | ||||||
Bandai Namco Holdings, Inc. | 10,900 | 358,209 | ||||||
Benesse Holdings, Inc. | 6,700 | 242,863 | ||||||
Brother Industries Ltd. | 14,700 | 341,825 | ||||||
Canon Marketing Japan, Inc. | 8,200 | 221,597 | ||||||
Casio Computer Co., Ltd.(a) | 15,100 | 225,187 | ||||||
Chiba Bank Ltd. (The) | 52,000 | 418,054 | ||||||
Chubu Electric Power Co., Inc. | 39,500 | 558,237 | ||||||
Chugoku Electric Power Co., Inc. (The)(a) | 30,600 | 368,869 | ||||||
Concordia Financial Group Ltd. | 78,100 | 431,074 | ||||||
Dai Nippon Printing Co., Ltd. | 26,379 | 545,191 | ||||||
Daicel Corp. | 19,300 | 210,875 | ||||||
Daito Trust Construction Co., Ltd. | 5,920 | 1,023,684 | ||||||
Daiwa Securities Group, Inc.(a) | 153,000 | 976,409 | ||||||
DIC Corp. | 6,300 | 211,185 | ||||||
Disco Corp. | 2,000 | 431,594 | ||||||
Electric Power Development Co., Ltd. | 10,800 | 272,361 | ||||||
FamilyMart UNY Holdings Co., Ltd. | 6,200 | 522,351 | ||||||
Fuji Electric Co., Ltd. | 30,876 | 210,195 | ||||||
Fukuoka Financial Group, Inc. | 59,000 | 317,884 | ||||||
Hachijuni Bank Ltd. (The) | 32,100 | 172,045 | ||||||
Hakuhodo DY Holdings, Inc. | 18,200 | 250,368 | ||||||
Hankyu Hanshin Holdings, Inc. | 7,200 | 267,080 | ||||||
Haseko Corp.(a) | 16,400 | 249,662 | ||||||
Hikari Tsushin, Inc. | 2,300 | 367,870 | ||||||
Hino Motors Ltd. | 27,000 | 347,560 | ||||||
Hirose Electric Co., Ltd. | 1,575 | 216,516 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 4,100 | 317,668 | ||||||
Hitachi Chemical Co., Ltd. | 10,600 | 241,702 | ||||||
Hitachi High-Technologies Corp. | 7,000 | 333,051 | ||||||
Hitachi Metals Ltd. | 17,400 | 205,822 | ||||||
Hulic Co., Ltd. | 26,800 | 292,570 | ||||||
Idemitsu Kosan Co., Ltd. | 7,600 | 289,064 | ||||||
Iida Group Holdings Co., Ltd. | 19,900 | 371,991 | ||||||
Isuzu Motors Ltd. | 47,600 | 730,449 | ||||||
Itochu Techno-Solutions Corp. | 17,200 | 360,173 | ||||||
J. Front Retailing Co., Ltd. | 15,000 | 255,148 | ||||||
Japan Airlines Co., Ltd. | 22,800 | 918,003 | ||||||
Japan Exchange Group, Inc. | 33,400 | 618,693 | ||||||
Japan Post Insurance Co., Ltd.(a) | 31,900 | 748,383 | ||||||
JFE Holdings, Inc. | 24,500 | 493,801 | ||||||
JGC Corp.(a) | 13,600 | 295,914 | ||||||
JSR Corp. | 17,500 | 393,771 | ||||||
JTEKT Corp. | 19,200 | 284,525 | ||||||
Kajima Corp. | 64,953 | 602,808 | ||||||
Kaken Pharmaceutical Co., Ltd. | 4,800 | 283,441 | ||||||
Kansai Electric Power Co., Inc. (The) | 35,100 | 451,168 | ||||||
Kawasaki Heavy Industries Ltd. | 7,656 | 247,641 | ||||||
Kikkoman Corp. | 8,100 | 325,980 | ||||||
Kintetsu Group Holdings Co., Ltd. | 7,100 | 276,723 | ||||||
Koito Manufacturing Co., Ltd. | 5,400 | 374,725 | ||||||
Konami Holdings Corp. | 3,600 | 189,224 | ||||||
Konica Minolta, Inc.(a) | 42,600 | 365,315 | ||||||
Kose Corp. | 1,900 | 397,866 | ||||||
Kuraray Co., Ltd. | 23,700 | 402,911 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 18,400 | 404,333 | ||||||
Kyushu Electric Power Co., Inc. | 15,000 | 178,843 | ||||||
Lawson, Inc. | 8,300 | 565,820 | ||||||
LIXIL Group Corp. | 18,900 | 422,251 | ||||||
Mabuchi Motor Co., Ltd. | 5,900 | 290,701 | ||||||
Makita Corp. | 9,658 | 472,229 | ||||||
Marubeni Corp. | 120,300 | 870,888 | ||||||
Marui Group Co., Ltd.(a) | 14,900 | 303,744 | ||||||
Maruichi Steel Tube Ltd.(a) | 6,600 | 202,003 | ||||||
Mazda Motor Corp. | 32,800 | 433,787 | ||||||
Mebuki Financial Group, Inc. | 53,100 | 204,212 | ||||||
Medipal Holdings Corp. | 11,000 | 225,482 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 79 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2018
Investments | Shares | Value | ||||||
MEIJI Holdings Co., Ltd. | 5,800 | $ | 441,749 | |||||
Mitsubishi Chemical Holdings Corp. | 86,300 | 836,221 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 14,400 | 345,140 | ||||||
Mitsubishi Heavy Industries Ltd.(a) | 22,300 | 854,257 | ||||||
Mitsubishi Materials Corp. | 5,700 | 171,509 | ||||||
Mitsubishi Motors Corp.(a) | 35,500 | 254,024 | ||||||
Mitsubishi Tanabe Pharma Corp. | 27,800 | 543,714 | ||||||
Mitsui Chemicals, Inc. | 11,700 | 369,097 | ||||||
Mixi, Inc. | 6,100 | 225,416 | ||||||
NEC Corp.(a) | 16,160 | 454,486 | ||||||
NGK Insulators Ltd. | 15,600 | 269,021 | ||||||
NGK Spark Plug Co., Ltd. | 9,000 | 216,897 | ||||||
NH Foods Ltd.(a) | 3,500 | 143,488 | ||||||
Nifco, Inc.(a) | 5,400 | 184,316 | ||||||
Nippon Electric Glass Co., Ltd. | 6,700 | 199,079 | ||||||
Nippon Express Co., Ltd. | 6,200 | 415,082 | ||||||
Nippon Paint Holdings Co., Ltd. | 7,800 | 286,403 | ||||||
Nissan Chemical Industries Ltd. | 6,800 | 282,614 | ||||||
Nisshin Seifun Group, Inc. | 16,500 | 327,207 | ||||||
Nissin Foods Holdings Co., Ltd. | 5,700 | 395,543 | ||||||
Nitto Denko Corp. | 7,400 | 555,122 | ||||||
NOK Corp.(a) | 7,900 | 153,469 | ||||||
Nomura Real Estate Holdings, Inc. | 10,968 | 259,066 | ||||||
Nomura Research Institute Ltd. | 14,510 | 687,639 | ||||||
NSK Ltd. | 38,400 | 514,889 | ||||||
Obayashi Corp. | 40,100 | 438,894 | ||||||
Obic Co., Ltd. | 6,100 | 507,616 | ||||||
Odakyu Electric Railway Co., Ltd. | 9,400 | 190,298 | ||||||
Oji Holdings Corp. | 67,862 | 436,461 | ||||||
Olympus Corp. | 9,200 | 349,488 | ||||||
Omron Corp. | 9,400 | 553,305 | ||||||
Ono Pharmaceutical Co., Ltd. | 25,300 | 783,622 | ||||||
Oracle Corp. | 6,768 | 550,477 | ||||||
Osaka Gas Co., Ltd.(a) | 24,300 | 479,717 | ||||||
Otsuka Corp. | 12,800 | 645,115 | ||||||
Park24 Co., Ltd.(a) | 9,600 | 257,444 | ||||||
Pola Orbis Holdings, Inc. | 10,900 | 446,864 | ||||||
Resona Holdings, Inc. | 152,100 | 803,763 | ||||||
Ricoh Co., Ltd. | 66,260 | 654,812 | ||||||
Rohm Co., Ltd. | 5,700 | 542,934 | ||||||
Ryohin Keikaku Co., Ltd. | 800 | 268,547 | ||||||
Sankyo Co., Ltd.(a) | 8,800 | 310,296 | ||||||
Santen Pharmaceutical Co., Ltd. | 18,300 | 295,106 | ||||||
SBI Holdings, Inc.(a) | 21,900 | 501,013 | ||||||
SCSK Corp. | 6,600 | 285,162 | ||||||
Sega Sammy Holdings, Inc. | 18,673 | 295,853 | ||||||
Seibu Holdings, Inc. | 10,500 | 182,849 | ||||||
Seiko Epson Corp. | 24,800 | 440,967 | ||||||
Sekisui Chemical Co., Ltd. | 24,700 | 431,060 | ||||||
Sekisui House Ltd. | 51,900 | 947,718 | ||||||
Seven Bank Ltd.(a) | 52,500 | 167,348 | ||||||
Shimamura Co., Ltd. | 1,300 | 162,699 | ||||||
Shimano, Inc. | 2,800 | 403,874 | ||||||
Shimizu Corp. | 49,400 | 441,743 | ||||||
Shiseido Co., Ltd. | 2,300 | 147,343 | ||||||
Shizuoka Bank Ltd. (The) | 25,000 | 236,483 | ||||||
Showa Shell Sekiyu K.K. | 32,409 | 439,129 | ||||||
Skylark Co., Ltd.(a) | 13,700 | 197,352 | ||||||
Sojitz Corp.(a) | 98,600 | 316,150 | ||||||
Sony Financial Holdings, Inc.(a) | 27,809 | 506,236 | ||||||
Start Today Co., Ltd. | 7,500 | 200,423 | ||||||
Sumitomo Chemical Co., Ltd. | 90,000 | 524,683 | ||||||
Sumitomo Dainippon Pharma Co., Ltd.(a) | 10,290 | 172,806 | ||||||
Sumitomo Electric Industries Ltd. | 42,412 | 647,446 | ||||||
Sumitomo Heavy Industries Ltd. | 8,400 | 318,702 | ||||||
Sumitomo Metal Mining Co., Ltd. | 6,300 | 265,388 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 26,600 | 1,077,256 | ||||||
Sumitomo Realty & Development Co., Ltd. | 7,000 | 259,003 | ||||||
Sumitomo Rubber Industries Ltd. | 17,200 | 315,697 | ||||||
Sundrug Co., Ltd. | 6,300 | 291,157 | ||||||
Sysmex Corp. | 5,600 | 507,607 | ||||||
T&D Holdings, Inc. | 31,151 | 494,579 | ||||||
Taiheiyo Cement Corp. | 6,400 | 232,591 | ||||||
Taisei Corp. | 11,475 | 582,652 | ||||||
Taiyo Nippon Sanso Corp. | 18,900 | 286,299 | ||||||
TDK Corp. | 5,900 | 532,026 | ||||||
Teijin Ltd. | 11,200 | 210,731 | ||||||
Tobu Railway Co., Ltd. | 7,300 | 219,995 | ||||||
Toho Co., Ltd. | 8,600 | 285,454 | ||||||
Tohoku Electric Power Co., Inc. | 26,900 | 359,425 | ||||||
Tokyo Gas Co., Ltd. | 23,900 | 634,075 | ||||||
Tokyu Corp. | 17,100 | 266,590 | ||||||
Tokyu Fudosan Holdings Corp. | 34,500 | 251,410 | ||||||
Toppan Printing Co., Ltd. | 29,000 | 238,054 | ||||||
Toray Industries, Inc. | 56,600 | 535,664 | ||||||
Tosoh Corp. | 18,600 | 365,179 | ||||||
TOTO Ltd. | 7,600 | 400,903 | ||||||
Toyo Suisan Kaisha Ltd. | 7,300 | 283,145 | ||||||
Toyoda Gosei Co., Ltd. | 7,300 | 169,819 | ||||||
Toyota Boshoku Corp. | 10,600 | 217,681 | ||||||
Toyota Tsusho Corp. | 18,900 | 640,663 | ||||||
Trend Micro, Inc. | 9,330 | 557,080 | ||||||
USS Co., Ltd. | 16,800 | 339,633 | ||||||
West Japan Railway Co. | 8,276 | 578,269 | ||||||
Yamada Denki Co., Ltd.(a) | 58,000 | 347,945 | ||||||
Yamaha Corp. | 7,800 | 342,877 | ||||||
Yamaha Motor Co., Ltd. | 18,260 | 545,997 | ||||||
Yamato Holdings Co., Ltd. | 13,800 | 346,265 | ||||||
Yokogawa Electric Corp. | 15,300 | 316,214 | ||||||
Yokohama Rubber Co., Ltd. (The) | 10,100 | 233,910 | ||||||
|
| |||||||
Total Japan | 70,608,848 | |||||||
Netherlands – 3.5% | ||||||||
Aalberts Industries N.V. | 5,862 | 298,180 | ||||||
Aegon N.V. | 257,131 | 1,731,690 | ||||||
ASR Nederland N.V. | 13,667 | 583,586 | ||||||
Boskalis Westminster | 9,070 | 265,483 | ||||||
Euronext N.V.(b) | 5,255 | 383,894 |
See Notes to Financial Statements.
80 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2018
Investments | Shares | Value | ||||||
EXOR N.V. | 3,800 | $ | 269,750 | |||||
GrandVision N.V.(b) | 7,946 | 180,985 | ||||||
Koninklijke DSM N.V. | 11,486 | 1,139,126 | ||||||
Koninklijke KPN N.V. | 329,016 | 986,109 | ||||||
Koninklijke Vopak N.V. | 7,893 | 386,832 | ||||||
NN Group N.V. | 34,986 | 1,550,713 | ||||||
Philips Lighting N.V.(b) | 11,182 | 419,442 | ||||||
Randstad Holding N.V.(a) | 15,272 | 1,003,349 | ||||||
Wolters Kluwer N.V. | 15,601 | 828,682 | ||||||
|
| |||||||
Total Netherlands | 10,027,821 | |||||||
New Zealand – 0.9% | ||||||||
Auckland International Airport Ltd. | 82,302 | 363,360 | ||||||
Fisher & Paykel Healthcare Corp., Ltd. | 31,680 | 301,672 | ||||||
Mercury NZ Ltd. | 148,229 | 344,322 | ||||||
Meridian Energy Ltd. | 303,116 | 624,297 | ||||||
Ryman Healthcare Ltd. | 32,530 | 248,517 | ||||||
Spark New Zealand Ltd. | 293,576 | 707,364 | ||||||
|
| |||||||
Total New Zealand | 2,589,532 | |||||||
Norway – 2.5% | ||||||||
Aker ASA Class A | 9,205 | 516,473 | ||||||
Aker BP ASA | 29,045 | 785,045 | ||||||
Gjensidige Forsikring ASA | 48,171 | 881,085 | ||||||
Leroy Seafood Group ASA | 42,909 | 265,074 | ||||||
Marine Harvest ASA | 79,599 | 1,593,815 | ||||||
Norsk Hydro ASA | 119,133 | 697,261 | ||||||
Orkla ASA | 75,082 | 804,667 | ||||||
Salmar ASA | 15,325 | 626,980 | ||||||
Storebrand ASA | 28,267 | 229,637 | ||||||
Yara International ASA | 20,098 | 847,598 | ||||||
|
| |||||||
Total Norway | 7,247,635 | |||||||
Portugal – 1.6% | ||||||||
EDP – Energias de Portugal S.A. | 416,220 | 1,580,711 | ||||||
Galp Energia, SGPS, S.A. | 65,298 | 1,229,095 | ||||||
Jeronimo Martins, SGPS, S.A. | 50,508 | 919,646 | ||||||
Navigator Co. S.A. (The) | 98,068 | 577,476 | ||||||
NOS, SGPS, S.A. | 53,131 | 312,994 | ||||||
|
| |||||||
Total Portugal | 4,619,922 | |||||||
Singapore – 2.7% | ||||||||
CapitaLand Ltd. | 241,900 | 658,570 | ||||||
City Developments Ltd. | 40,700 | 403,493 | ||||||
ComfortDelGro Corp., Ltd. | 216,000 | 337,680 | ||||||
Frasers Property Ltd. | 265,800 | 405,399 | ||||||
Hutchison Port Holdings Trust | 1,911,385 | 563,859 | ||||||
Jardine Cycle & Carriage Ltd. | 19,811 | 521,223 | ||||||
Keppel Corp., Ltd. | 121,900 | 722,308 | ||||||
Olam International Ltd.(a) | 207,400 | 370,103 | ||||||
SATS Ltd. | 91,000 | 356,006 | ||||||
Sembcorp Industries Ltd. | 82,100 | 194,716 | ||||||
SIA Engineering Co., Ltd. | 75,236 | 182,453 | ||||||
Singapore Airlines Ltd. | 111,261 | 919,751 | ||||||
Singapore Exchange Ltd. | 91,300 | 513,140 | ||||||
Singapore Technologies Engineering Ltd. | 285,100 | 780,530 | ||||||
StarHub Ltd.(a) | 281,794 | 494,262 | ||||||
UOL Group Ltd. | 43,300 | 282,327 | ||||||
|
| |||||||
Total Singapore | 7,705,820 | |||||||
Spain – 3.2% | ||||||||
Acciona S.A. | 4,660 | 353,724 | ||||||
Acerinox S.A. | 21,886 | 305,368 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 24,935 | 970,589 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 23,660 | 225,366 | ||||||
Banco de Sabadell S.A. | 350,208 | 715,398 | ||||||
Bankia S.A. | 163,443 | 731,477 | ||||||
Bankinter S.A.(a) | 58,351 | 599,652 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A.(a) | 8,186 | 276,858 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 11,388 | 240,895 | ||||||
Distribuidora Internacional de Alimentacion S.A. | 53,734 | 227,794 | ||||||
Ebro Foods S.A. | 12,471 | 316,872 | ||||||
Enagas S.A. | 26,597 | 727,151 | ||||||
Grupo Catalana Occidente S.A. | 6,717 | 292,436 | ||||||
Mapfre S.A. | 302,732 | 1,005,623 | ||||||
Mediaset Espana Comunicacion S.A. | 35,044 | 356,255 | ||||||
Prosegur Cia de Seguridad S.A. | 26,284 | 201,710 | ||||||
Red Electrica Corp. S.A. | 49,277 | 1,013,894 | ||||||
Viscofan S.A.(a) | 3,550 | 244,931 | ||||||
Zardoya Otis S.A. | 38,164 | 383,937 | ||||||
|
| |||||||
Total Spain | 9,189,930 | |||||||
Sweden – 3.0% | ||||||||
Alfa Laval AB | 24,619 | 579,552 | ||||||
Axfood AB | 22,800 | 388,630 | ||||||
BillerudKorsnas AB | 15,392 | 237,272 | ||||||
Boliden AB | 14,950 | 522,147 | ||||||
Castellum AB | 14,930 | 243,343 | ||||||
Electrolux AB Series B | 12,326 | 386,347 | ||||||
Fabege AB | 12,884 | 278,147 | ||||||
Hexpol AB | 15,650 | 144,544 | ||||||
Holmen AB Class B | 4,728 | 255,742 | ||||||
Husqvarna AB Class B | 26,325 | 252,977 | ||||||
ICA Gruppen AB(a) | 15,600 | 550,251 | ||||||
Investment AB Latour Class B | 29,683 | 336,356 | ||||||
JM AB | 6,122 | 138,525 | ||||||
Kinnevik AB Class B | 14,557 | 522,152 | ||||||
Peab AB | 22,011 | 197,381 | ||||||
Saab AB Class B | 5,104 | 230,310 | ||||||
Securitas AB Class B | 23,418 | 396,368 | ||||||
Skanska AB Class B | 34,406 | 701,077 | ||||||
SKF AB Class B(a) | 26,314 | 535,719 | ||||||
Swedish Match AB | 14,261 | 642,825 | ||||||
Tele2 AB Class B | 62,353 | 745,648 | ||||||
Trelleborg AB Class B | 13,221 | 331,204 | ||||||
|
| |||||||
Total Sweden | 8,616,517 | |||||||
Switzerland – 3.1% | ||||||||
Adecco Group AG Registered Shares | 8,400 | 596,491 | ||||||
Baloise Holding AG Registered Shares | 3,944 | 601,732 | ||||||
BKW AG | 3,387 | 224,951 | ||||||
Cembra Money Bank AG* | 2,754 | 243,880 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 81 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2018
Investments | Shares | Value | ||||||
Clariant AG Registered Shares* | 15,926 | $ | 379,357 | |||||
Coca-Cola HBC AG* | 16,774 | 619,795 | ||||||
DKSH Holding AG(a) | 2,997 | 242,865 | ||||||
Flughafen Zurich AG Registered Shares | 2,376 | 523,038 | ||||||
Helvetia Holding AG Registered Shares | 640 | 380,618 | ||||||
Julius Baer Group Ltd.* | 10,174 | 624,082 | ||||||
Logitech International S.A. Registered Shares | 8,756 | 319,663 | ||||||
OC Oerlikon Corp. AG Registered Shares* | 21,576 | 379,653 | ||||||
Panalpina Welttransport Holding AG Registered Shares(a) | 1,410 | 177,575 | ||||||
SFS Group AG* | 1,904 | 223,485 | ||||||
Sonova Holding AG Registered Shares | 2,742 | 434,665 | ||||||
Straumann Holding AG Registered Shares(a) | 515 | 323,757 | ||||||
Sulzer AG Registered Shares | 2,608 | 341,796 | ||||||
Sunrise Communications Group AG*(b) | 4,686 | 391,723 | ||||||
Swiss Life Holding AG Registered Shares* | 2,156 | 766,173 | ||||||
VAT Group AG*(b) | 2,513 | 420,933 | ||||||
Vifor Pharma AG | 2,968 | 456,389 | ||||||
Vontobel Holding AG Registered Shares | 4,626 | 285,985 | ||||||
|
| |||||||
Total Switzerland | 8,958,606 | |||||||
United Kingdom – 15.3% | ||||||||
Admiral Group PLC | 32,288 | 835,214 | ||||||
Aggreko PLC | 16,957 | 174,646 | ||||||
Antofagasta PLC | 38,981 | 503,626 | ||||||
Ashmore Group PLC | 68,057 | 363,360 | ||||||
Ashtead Group PLC | 17,484 | 475,815 | ||||||
Babcock International Group PLC(a) | 38,212 | 358,502 | ||||||
Barratt Developments PLC | 128,365 | 955,094 | ||||||
BBA Aviation PLC | 76,734 | 344,886 | ||||||
Beazley PLC | 64,451 | 518,060 | ||||||
Bellway PLC | 11,183 | 478,312 | ||||||
Berkeley Group Holdings PLC | 19,075 | 1,013,876 | ||||||
British Land Co. PLC (The) | 99,019 | 891,763 | ||||||
Bunzl PLC | 14,730 | 432,895 | ||||||
Burberry Group PLC | 23,851 | 567,451 | ||||||
Carnival PLC | 12,254 | 787,298 | ||||||
Centrica PLC | 752,145 | 1,500,365 | ||||||
Close Brothers Group PLC | 9,648 | 194,216 | ||||||
Croda International PLC | 5,818 | 372,817 | ||||||
Daily Mail & General Trust PLC Class A Non-Voting Shares | 30,400 | 275,487 | ||||||
Derwent London PLC | 5,643 | 245,554 | ||||||
Direct Line Insurance Group PLC | 116,116 | 621,090 | ||||||
Dixons Carphone PLC | 91,066 | 238,313 | ||||||
DS Smith PLC | 61,463 | 405,753 | ||||||
easyJet PLC | 37,952 | 854,221 | ||||||
Electrocomponents PLC | 25,414 | 213,976 | ||||||
G4S PLC | 112,594 | 391,866 | ||||||
GKN PLC | 89,439 | 580,903 | ||||||
Greene King PLC | 33,884 | 224,068 | ||||||
Halma PLC | 13,548 | 224,071 | ||||||
Hammerson PLC | 67,206 | 505,888 | ||||||
Hargreaves Lansdown PLC | 27,508 | 630,146 | ||||||
Hikma Pharmaceuticals PLC | 9,637 | 163,375 | ||||||
Howden Joinery Group PLC | 39,906 | 257,956 | ||||||
IMI PLC | 19,971 | 302,565 | ||||||
Inchcape PLC | 28,567 | 276,910 | ||||||
Informa PLC | 51,313 | 517,262 | ||||||
Inmarsat PLC | 53,322 | 270,851 | ||||||
InterContinental Hotels Group PLC | 9,051 | 541,897 | ||||||
Intertek Group PLC | 6,256 | 408,958 | ||||||
Intu Properties PLC(a) | 149,208 | 434,735 | ||||||
Investec PLC | 51,743 | 398,928 | ||||||
ITV PLC | 609,233 | 1,231,952 | ||||||
J Sainsbury PLC | 175,283 | 587,178 | ||||||
Jardine Lloyd Thompson Group PLC | 15,074 | 271,089 | ||||||
John Wood Group PLC | 39,157 | 296,619 | ||||||
Johnson Matthey PLC | 9,958 | 424,939 | ||||||
Jupiter Fund Management PLC | 51,068 | 337,846 | ||||||
Kingfisher PLC | 180,625 | 741,139 | ||||||
Land Securities Group PLC | 56,941 | 748,526 | ||||||
Man Group PLC | 174,864 | 420,933 | ||||||
Marks & Spencer Group PLC | 191,041 | 724,115 | ||||||
Mediclinic International PLC(a) | 19,960 | 168,279 | ||||||
Meggitt PLC | 46,341 | 280,701 | ||||||
Merlin Entertainments PLC(b) | 30,371 | 147,667 | ||||||
Micro Focus International PLC | 13,346 | 184,746 | ||||||
Mondi PLC | 22,485 | 604,029 | ||||||
NEX Group PLC | 50,388 | 693,413 | ||||||
Next PLC | 12,480 | 833,155 | ||||||
Old Mutual PLC | 316,551 | 1,062,630 | ||||||
Pearson PLC | 134,795 | 1,416,287 | ||||||
Pennon Group PLC | 37,071 | 334,589 | ||||||
Persimmon PLC | 39,978 | 1,418,853 | ||||||
Rentokil Initial PLC | 87,960 | 335,251 | ||||||
Rightmove PLC | 4,368 | 266,359 | ||||||
Royal Mail PLC | 122,307 | 927,863 | ||||||
RPC Group PLC | 20,602 | 223,459 | ||||||
RSA Insurance Group PLC | 56,709 | 501,174 | ||||||
Saga PLC | 102,693 | 162,497 | ||||||
Sage Group PLC (The) | 61,168 | 548,475 | ||||||
Schroders PLC | 12,303 | 550,896 | ||||||
Segro PLC | 64,352 | 542,721 | ||||||
Severn Trent PLC | 17,831 | 461,246 | ||||||
Smiths Group PLC | 22,029 | 467,706 | ||||||
Spectris PLC | 5,851 | 221,118 | ||||||
Spirax-Sarco Engineering PLC | 3,334 | 269,158 | ||||||
St. James’s Place PLC | 34,047 | 518,925 | ||||||
Standard Life Aberdeen PLC | 348,971 | 1,760,863 | ||||||
Tate & Lyle PLC | 41,869 | 319,864 | ||||||
Taylor Wimpey PLC | 119,278 | 308,879 | ||||||
Travis Perkins PLC | 17,503 | 302,987 | ||||||
United Utilities Group PLC | 62,036 | 622,570 | ||||||
Weir Group PLC (The) | 11,986 | 335,354 | ||||||
Whitbread PLC | 10,889 | 565,178 | ||||||
William Hill PLC | 96,448 | 446,887 |
See Notes to Financial Statements.
82 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2018
Investments | Shares | Value | ||||||
WM Morrison Supermarkets PLC | 118,755 | $ | 355,669 | |||||
|
| |||||||
Total United Kingdom | 43,696,753 | |||||||
TOTAL COMMON STOCKS (Cost: $242,228,902) | 284,459,763 | |||||||
EXCHANGE-TRADED FUNDS – 0.0% | ||||||||
United States – 0.0% | ||||||||
WisdomTree Australia Dividend Fund(a)(c) | 763 | 42,653 | ||||||
WisdomTree Japan Hedged Equity Fund(a)(c) | 784 | 43,912 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost: $89,292) | 86,565 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.4% | ||||||||
United States – 5.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d) | ||||||||
(Cost: $15,346,429)(e) | 15,346,429 | 15,346,429 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 104.8% (Cost: $257,664,623) |
| 299,892,757 | ||||||
Other Assets less Liabilities – (4.8)% | (13,803,974 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 286,088,783 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $20,511,870 and the total market value of the collateral held by the Fund was $21,659,074. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $6,312,645. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower. |
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 | 4/3/2018 | 19,112 | USD | 150,000 | HKD | $ | — | $ | (1 | ) |
CURRENCY LEGEND |
HKD – Hong Kong dollar
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 83 |
Table of Contents
Schedule of Investments
WisdomTree International Quality Dividend Growth Fund (IQDG)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.4% | ||||||||
Australia – 4.7% | ||||||||
Aristocrat Leisure Ltd. | 2,443 | $ | 45,086 | |||||
BT Investment Management Ltd. | 5,634 | 43,432 | ||||||
carsales.com Ltd. | 3,428 | 35,524 | ||||||
Cochlear Ltd. | 465 | 64,780 | ||||||
Crown Resorts Ltd. | 11,901 | 115,843 | ||||||
CSL Ltd. | 2,801 | 334,007 | ||||||
Domino’s Pizza Enterprises Ltd.(a) | 120 | 3,841 | ||||||
JB Hi-Fi Ltd.(a) | 1,616 | 31,993 | ||||||
Magellan Financial Group Ltd. | 2,336 | 42,717 | ||||||
Medibank Pvt Ltd. | 56,493 | 125,665 | ||||||
NIB Holdings Ltd. | 7,317 | 35,808 | ||||||
Northern Star Resources Ltd. | 4,279 | 20,612 | ||||||
Pact Group Holdings Ltd. | 7,419 | 31,185 | ||||||
Ramsay Health Care Ltd. | 1,682 | 80,404 | ||||||
REA Group Ltd. | 544 | 33,052 | ||||||
Seek Ltd. | 4,295 | 61,277 | ||||||
TPG Telecom Ltd.(a) | 11,026 | 46,432 | ||||||
|
| |||||||
Total Australia | 1,151,658 | |||||||
Austria – 0.1% | ||||||||
ams AG* | 239 | 24,923 | ||||||
Belgium – 0.2% | ||||||||
Melexis N.V. | 563 | 56,085 | ||||||
China – 2.9% | ||||||||
China Everbright International Ltd. | 47,000 | 65,874 | ||||||
China Overseas Land & Investment Ltd. | 150,000 | 520,813 | ||||||
CSPC Pharmaceutical Group Ltd. | 44,000 | 116,892 | ||||||
|
| |||||||
Total China | 703,579 | |||||||
Denmark – 6.9% | ||||||||
Chr Hansen Holding A/S | 908 | 78,052 | ||||||
Coloplast A/S Class B | 2,210 | 186,181 | ||||||
Dfds A/S | 479 | 26,728 | ||||||
DSV A/S | 468 | 36,624 | ||||||
Novo Nordisk A/S Class B | 25,182 | 1,236,062 | ||||||
Pandora A/S | 494 | 52,963 | ||||||
Royal Unibrew A/S | 611 | 40,344 | ||||||
SimCorp A/S | 317 | 21,957 | ||||||
|
| |||||||
Total Denmark | 1,678,911 | |||||||
Finland – 0.9% | ||||||||
Konecranes Oyj | 1,040 | 45,073 | ||||||
Nokian Renkaat Oyj(a) | 1,728 | 78,419 | ||||||
Uponor Oyj | 837 | 13,969 | ||||||
Wartsila Oyj Abp | 3,558 | 78,546 | ||||||
|
| |||||||
Total Finland | 216,007 | |||||||
France – 8.3% | ||||||||
Airbus SE | 6,523 | 752,493 | ||||||
Altran Technologies S.A.(a) | 2,285 | 33,779 | ||||||
Cie Plastic Omnium S.A. | 925 | 44,253 | ||||||
Hermes International | 257 | 152,189 | ||||||
Iliad S.A. | 48 | 9,918 | ||||||
Ipsen S.A. | 339 | 52,594 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 2,669 | 821,274 | ||||||
Sartorius Stedim Biotech | 237 | 21,409 | ||||||
SEB S.A. | 193 | 36,838 | ||||||
Valeo S.A. | 1,524 | 100,537 | ||||||
|
| |||||||
Total France | 2,025,284 | |||||||
Germany – 5.7% | ||||||||
adidas AG | 774 | 187,192 | ||||||
Continental AG | 1,221 | 336,820 | ||||||
Covestro AG(b) | 2,097 | 205,959 | ||||||
CTS Eventim AG & Co. KGaA | 931 | 43,578 | ||||||
Fuchs Petrolub SE | 656 | 33,360 | ||||||
Hella GmbH & Co. KGaA | 797 | 52,342 | ||||||
Henkel AG & Co. KGaA | 1,596 | 200,799 | ||||||
Infineon Technologies AG | 5,522 | 147,641 | ||||||
Nemetschek SE | 321 | 35,925 | ||||||
Pfeiffer Vacuum Technology AG | 47 | 7,301 | ||||||
United Internet AG Registered Shares | 1,583 | 99,484 | ||||||
Wirecard AG | 333 | 39,283 | ||||||
|
| |||||||
Total Germany | 1,389,684 | |||||||
Hong Kong – 0.7% | ||||||||
Galaxy Entertainment Group Ltd. | 14,000 | 127,098 | ||||||
Techtronic Industries Co., Ltd. | 6,500 | 37,890 | ||||||
Vitasoy International Holdings Ltd. | 6,000 | 15,443 | ||||||
|
| |||||||
Total Hong Kong | 180,431 | |||||||
Ireland – 0.4% | ||||||||
Irish Continental Group PLC | 3,031 | 21,322 | ||||||
Kerry Group PLC Class A | 640 | 64,858 | ||||||
|
| |||||||
Total Ireland | 86,180 | |||||||
Israel – 0.6% | ||||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 94,531 | 120,626 | ||||||
Shapir Engineering and Industry Ltd. | 6,039 | 19,299 | ||||||
|
| |||||||
Total Israel | 139,925 | |||||||
Italy – 1.5% | ||||||||
Anima Holding SpA(b) | 6,040 | 40,930 | ||||||
Banca IFIS SpA | 564 | 21,697 | ||||||
De’ Longhi SpA | 1,284 | 38,088 | ||||||
DiaSorin SpA | 290 | 26,072 | ||||||
Ferrari N.V. | 448 | 53,742 | ||||||
Industria Macchine Automatiche SpA | 416 | 40,443 | ||||||
Interpump Group SpA | 1,013 | 34,211 | ||||||
Moncler SpA | 756 | 28,730 | ||||||
Recordati SpA | 1,059 | 39,046 | ||||||
Salvatore Ferragamo SpA(a) | 1,547 | 42,656 | ||||||
|
| |||||||
Total Italy | 365,615 | |||||||
Japan – 15.5% | ||||||||
Asahi Intecc Co., Ltd. | 1,100 | 43,597 | ||||||
Brother Industries Ltd. | 1,900 | 44,181 | ||||||
Daikin Industries Ltd. | 1,600 | 176,549 | ||||||
DeNA Co., Ltd.(a) | 1,200 | 21,664 | ||||||
Fast Retailing Co., Ltd. | 300 | 121,975 | ||||||
Harmonic Drive Systems, Inc. | 200 | 11,490 |
See Notes to Financial Statements.
84 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Quality Dividend Growth Fund (IQDG)
March 31, 2018
Investments | Shares | Value | ||||||
Haseko Corp. | 2,000 | $ | 30,447 | |||||
Hikari Tsushin, Inc. | 300 | 47,983 | ||||||
Hino Motors Ltd. | 5,200 | 66,937 | ||||||
Hoya Corp. | 2,500 | 124,706 | ||||||
Kakaku.com, Inc. | 1,700 | 29,764 | ||||||
Kaken Pharmaceutical Co., Ltd. | 1,000 | 59,050 | ||||||
Keyence Corp. | 100 | 62,097 | ||||||
Kose Corp. | 100 | 20,940 | ||||||
Kubota Corp. | 9,600 | 168,079 | ||||||
M3, Inc. | 400 | 17,978 | ||||||
Makita Corp. | 1,700 | 83,122 | ||||||
Meitec Corp. | 400 | 22,153 | ||||||
Mixi, Inc. | 900 | 33,258 | ||||||
MonotaRO Co., Ltd.(a) | 300 | 10,776 | ||||||
Murata Manufacturing Co., Ltd. | 1,500 | 205,501 | ||||||
Nabtesco Corp. | 1,200 | 46,319 | ||||||
NGK Insulators Ltd. | 3,100 | 53,459 | ||||||
Nidec Corp. | 1,300 | 200,348 | ||||||
Nihon M&A Center, Inc. | 600 | 20,649 | ||||||
Nippon Paint Holdings Co., Ltd. | 1,500 | 55,078 | ||||||
Nitori Holdings Co., Ltd. | 100 | 17,682 | ||||||
Obic Co., Ltd. | 800 | 66,573 | ||||||
Open House Co., Ltd. | 1,200 | 74,471 | ||||||
Oracle Corp. | 1,300 | 105,736 | ||||||
Park24 Co., Ltd.(a) | 1,700 | 45,589 | ||||||
Persol Holdings Co., Ltd. | 1,400 | 40,743 | ||||||
Pigeon Corp. | 600 | 27,109 | ||||||
Relo Group, Inc. | 1,300 | 36,011 | ||||||
Ryohin Keikaku Co., Ltd. | 100 | 33,568 | ||||||
Seiko Epson Corp. | 2,900 | 51,565 | ||||||
Shimano, Inc. | 300 | 43,272 | ||||||
Shionogi & Co., Ltd. | 1,800 | 92,936 | ||||||
Square Enix Holdings Co., Ltd. | 1,300 | 59,530 | ||||||
Start Today Co., Ltd. | 1,200 | 32,068 | ||||||
Subaru Corp. | 9,600 | 314,764 | ||||||
Sundrug Co., Ltd. | 600 | 27,729 | ||||||
Sysmex Corp. | 1,200 | 108,773 | ||||||
T-Gaia Corp. | 1,300 | 36,195 | ||||||
Tokyo Electron Ltd. | 1,500 | 282,299 | ||||||
Trend Micro, Inc. | 1,600 | 95,534 | ||||||
Tsuruha Holdings, Inc. | 200 | 28,528 | ||||||
USS Co., Ltd. | 2,500 | 50,541 | ||||||
Yahoo Japan Corp.(a) | 50,800 | 235,968 | ||||||
Yamaha Motor Co., Ltd. | 2,400 | 71,763 | ||||||
Zenkoku Hosho Co., Ltd.(a) | 400 | 17,565 | ||||||
|
| |||||||
Total Japan | 3,774,612 | |||||||
Netherlands – 2.7% | ||||||||
ASML Holding N.V. | 2,072 | 408,102 | ||||||
BE Semiconductor Industries N.V. | 643 | 65,675 | ||||||
Flow Traders(b) | 1,055 | 44,919 | ||||||
GrandVision N.V.(b) | 498 | 11,343 | ||||||
Koninklijke Vopak N.V. | 1,758 | 86,159 | ||||||
TKH Group N.V. CVA | 738 | 47,197 | ||||||
|
| |||||||
Total Netherlands | 663,395 | |||||||
New Zealand – 0.5% | ||||||||
Fisher & Paykel Healthcare Corp., Ltd. | 5,798 | 55,211 | ||||||
Mainfreight Ltd. | 1,268 | 22,503 | ||||||
Ryman Healthcare Ltd. | 4,396 | 33,584 | ||||||
|
| |||||||
Total New Zealand | 111,298 | |||||||
Norway – 1.5% | ||||||||
Borregaard ASA | 2,034 | 19,172 | ||||||
Entra ASA(b) | 2,837 | 38,593 | ||||||
Orkla ASA | 12,744 | 136,580 | ||||||
Salmar ASA | 2,543 | 104,040 | ||||||
Tomra Systems ASA | 1,405 | 29,349 | ||||||
Veidekke ASA | 2,247 | 25,100 | ||||||
XXL ASA(b) | 961 | 9,841 | ||||||
|
| |||||||
Total Norway | 362,675 | |||||||
Portugal – 0.7% | ||||||||
Jeronimo Martins, SGPS, S.A. | 9,117 | 166,002 | ||||||
Singapore – 0.1% | ||||||||
First Resources Ltd.(a) | 28,600 | 36,641 | ||||||
Spain – 3.8% | ||||||||
Almirall S.A.(a) | 625 | 7,371 | ||||||
Amadeus IT Group S.A. | 4,007 | 295,582 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 1,344 | 12,802 | ||||||
Industria de Diseno Textil S.A. | 17,571 | 549,535 | ||||||
Prosegur Cia de Seguridad S.A. | 7,255 | 55,677 | ||||||
Tecnicas Reunidas S.A.(a) | 450 | 13,277 | ||||||
|
| |||||||
Total Spain | 934,244 | |||||||
Sweden – 6.9% | ||||||||
AAK AB | 333 | 29,305 | ||||||
Assa Abloy AB Class B | 7,462 | 160,693 | ||||||
Atlas Copco AB Class A | 7,543 | 325,325 | ||||||
Atlas Copco AB Class B | 4,588 | 177,772 | ||||||
Axfood AB | 3,630 | 61,874 | ||||||
Boliden AB | 3,503 | 122,347 | ||||||
Castellum AB | 1,587 | 25,866 | ||||||
Clas Ohlson AB Class B | 1,856 | 20,012 | ||||||
Fabege AB | 2,994 | 64,636 | ||||||
Hemfosa Fastigheter AB | 3,166 | 38,295 | ||||||
Hennes & Mauritz AB Class B(a) | 7,834 | 117,097 | ||||||
Hexpol AB | 3,851 | 35,568 | ||||||
Indutrade AB | 1,247 | 32,043 | ||||||
Intrum Justitia AB(a) | 648 | 18,315 | ||||||
Investment AB Latour Class B | 4,547 | 51,525 | ||||||
JM AB | 681 | 15,409 | ||||||
Lifco AB Class B | 605 | 23,189 | ||||||
Loomis AB Class B | 958 | 34,363 | ||||||
NetEnt AB* | 386 | 1,933 | ||||||
Peab AB | 1,920 | 17,217 | ||||||
Sandvik AB | 13,612 | 247,785 | ||||||
Trelleborg AB Class B | 2,731 | 68,415 | ||||||
|
| |||||||
Total Sweden | 1,688,984 | |||||||
Switzerland – 12.1% | ||||||||
EMS-Chemie Holding AG Registered Shares | 251 | 158,054 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 85 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Quality Dividend Growth Fund (IQDG)
March 31, 2018
Investments | Shares | Value | ||||||
Geberit AG Registered Shares | 403 | $ | 177,764 | |||||
Givaudan S.A. Registered Shares | 123 | 279,499 | ||||||
Logitech International S.A. Registered Shares | 1,263 | 46,110 | ||||||
Oriflame Holding AG | 797 | 38,067 | ||||||
Partners Group Holding AG | 322 | 238,743 | ||||||
Roche Holding AG Bearer Shares | 1,949 | 451,429 | ||||||
Roche Holding AG Genusschein | 5,224 | 1,195,257 | ||||||
Schindler Holding AG Participation Certificate | 80 | 17,210 | ||||||
Schindler Holding AG Registered Shares | 683 | 142,648 | ||||||
Sonova Holding AG Registered Shares | 445 | 70,542 | ||||||
Straumann Holding AG Registered Shares | 49 | 30,804 | ||||||
Swatch Group AG (The) Bearer Shares | 177 | 77,890 | ||||||
Temenos Group AG Registered Shares* | 242 | 28,911 | ||||||
|
| |||||||
Total Switzerland | 2,952,928 | |||||||
United Kingdom – 22.7% | ||||||||
Ashtead Group PLC | 2,764 | 75,220 | ||||||
Berkeley Group Holdings PLC | 2,030 | 107,899 | ||||||
Brewin Dolphin Holdings PLC | 5,134 | 24,832 | ||||||
British American Tobacco PLC | 12,632 | 732,020 | ||||||
Burberry Group PLC | 2,380 | 56,624 | ||||||
Coca-Cola European Partners PLC | 3,547 | 147,532 | ||||||
Compass Group PLC | 9,287 | 189,620 | ||||||
Cranswick PLC | 560 | 22,342 | ||||||
Crest Nicholson Holdings PLC | 3,104 | 19,786 | ||||||
Croda International PLC | 973 | 62,350 | ||||||
Diageo PLC | 20,645 | 698,535 | ||||||
Domino’s Pizza Group PLC | 4,759 | 22,064 | ||||||
Dunelm Group PLC | 2,052 | 15,170 | ||||||
easyJet PLC | 5,774 | 129,961 | ||||||
Electrocomponents PLC | 4,208 | 35,430 | ||||||
FDM Group Holdings PLC | 1,537 | 21,992 | ||||||
Halma PLC | 1,788 | 29,572 | ||||||
Hargreaves Lansdown PLC | 4,263 | 97,656 | ||||||
Hays PLC | 9,820 | 25,939 | ||||||
Hikma Pharmaceuticals PLC | 794 | 13,461 | ||||||
HomeServe PLC | 2,683 | 27,776 | ||||||
Howden Joinery Group PLC | 6,503 | 42,036 | ||||||
Jardine Lloyd Thompson Group PLC | 2,962 | 53,268 | ||||||
Johnson Matthey PLC | 1,732 | 73,910 | ||||||
Marshalls PLC | 4,169 | 24,457 | ||||||
Mediclinic International PLC(a) | 655 | 5,522 | ||||||
Merlin Entertainments PLC(b) | 1,733 | 8,426 | ||||||
Moneysupermarket.com Group PLC | 5,758 | 23,166 | ||||||
Pagegroup PLC | 5,734 | 43,154 | ||||||
Persimmon PLC | 4,173 | 148,103 | ||||||
Reckitt Benckiser Group PLC | 4,379 | 370,660 | ||||||
RELX PLC | 8,281 | 170,183 | ||||||
Renishaw PLC | 483 | 30,531 | ||||||
Rightmove PLC | 433 | 26,404 | ||||||
Sage Group PLC (The) | 8,164 | 73,204 | ||||||
Savills PLC | 2,063 | 28,404 | ||||||
Spirax-Sarco Engineering PLC | 542 | 43,756 | ||||||
Superdry PLC | 1,156 | 25,314 | ||||||
Taylor Wimpey PLC | 15,495 | 40,125 | ||||||
Unilever N.V. CVA | 17,761 | 1,001,956 | ||||||
Unilever PLC | 10,761 | 597,104 | ||||||
Unite Group PLC (The) | 3,201 | 35,541 | ||||||
Victrex PLC | 993 | 35,772 | ||||||
WH Smith PLC | 1,076 | 29,403 | ||||||
William Hill PLC | 11,249 | 52,122 | ||||||
|
| |||||||
Total United Kingdom | 5,538,302 | |||||||
TOTAL COMMON STOCKS (Cost: $22,234,782) | 24,247,363 | |||||||
RIGHTS – 0.0% | ||||||||
France – 0.0% | ||||||||
Altran Technologies S.A., expiring 4/9/18*(a) | 2,285 | 3,822 | ||||||
Italy – 0.0% | ||||||||
Anima Holding SpA, expiring 4/12/18* | 6,040 | 2,303 | ||||||
TOTAL RIGHTS (Cost: $0) | 6,125 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5% | ||||||||
United States – 2.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $597,345)(d) | 597,345 | 597,345 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.9% (Cost: $22,832,127) | 24,850,833 | |||||||
Other Assets less Liabilities – (1.9)% | (454,780 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 24,396,053 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $673,665 and the total market value of the collateral held by the Fund was $728,579. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $131,234. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
See Notes to Financial Statements.
86 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Quality Dividend Growth Fund (IQDG)
March 31, 2018
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. | 4/4/2018 | 4,069 | USD | 2,900 | GBP | $ | 1 | $ | — | |||||||||||||||||||
Citibank N.A. | 4/2/2018 | 8,058 | USD | 28,225 | ILS | 19 | — | |||||||||||||||||||||
Citibank N.A. | 4/2/2018 | 3,053 | USD | 325,000 | JPY | — | (3 | ) | ||||||||||||||||||||
Citibank N.A. | 4/3/2018 | 68,003 | CHF | 71,314 | USD | — | (300 | ) | ||||||||||||||||||||
Citibank N.A. | 4/3/2018 | 131,860 | EUR | 162,855 | USD | — | (687 | ) | ||||||||||||||||||||
Citibank N.A. | 4/3/2018 | 50,606 | GBP | 71,362 | USD | — | (372 | ) | ||||||||||||||||||||
Citibank N.A. | 4/3/2018 | 687,623 | SEK | 82,818 | USD | — | (712 | ) | ||||||||||||||||||||
Citibank N.A. | 4/3/2018 | 69,279 | USD | 66,063 | CHF | 292 | — | |||||||||||||||||||||
Citibank N.A. | 4/3/2018 | 151,605 | USD | 122,751 | EUR | 640 | — | |||||||||||||||||||||
Citibank N.A. | 4/3/2018 | 70,157 | USD | 49,752 | GBP | 365 | — | |||||||||||||||||||||
Citibank N.A. | 4/3/2018 | 87,425 | USD | 725,877 | SEK | 752 | — | |||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 1,595,638 | JPY | 14,995 | USD | 9 | — | |||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 3,251 | USD | 27,145 | SEK | 10 | — | |||||||||||||||||||||
Macquarie Bank Ltd. | 4/3/2018 | 7,703,080 | JPY | 72,201 | USD | 231 | — | |||||||||||||||||||||
Macquarie Bank Ltd. | 4/3/2018 | 77,299 | USD | 8,246,999 | JPY | — | (247 | ) | ||||||||||||||||||||
Macquarie Bank Ltd. | 4/4/2018 | 12,865 | AUD | 9,851 | USD | 17 | — | |||||||||||||||||||||
Macquarie Bank Ltd. | 4/4/2018 | 254,802 | HKD | 32,468 | USD | — | (2 | ) | ||||||||||||||||||||
Macquarie Bank Ltd. | 4/4/2018 | 4,830 | NZD | 3,476 | USD | 9 | — | |||||||||||||||||||||
Macquarie Bank Ltd. | 4/4/2018 | 28,922 | SGD | 22,044 | USD | 12 | — | |||||||||||||||||||||
Macquarie Bank Ltd. | 4/4/2018 | 8,587 | USD | 11,214 | AUD | — | (15 | ) | ||||||||||||||||||||
Macquarie Bank Ltd. | 4/4/2018 | 37,823 | USD | 296,830 | HKD | 2 | — | |||||||||||||||||||||
Macquarie Bank Ltd. | 4/4/2018 | 27,364 | USD | 35,902 | SGD | — | (15 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 4/4/2018 | 4,236 | USD | 5,513 | AUD | 7 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/4/2018 | 319 | USD | 2,500 | HKD | — | — | |||||||||||||||||||||
UBS AG | 4/3/2018 | 3,937 | USD | 3,200 | EUR | 1 | — | |||||||||||||||||||||
UBS AG | 4/4/2018 | 3,137 | USD | 3,000 | CHF | 4 | — | |||||||||||||||||||||
UBS AG | 4/4/2018 | 11,884 | USD | 72,000 | DKK | 4 | — | |||||||||||||||||||||
$ | 2,375 | $ | (2,353 | ) |
CURRENCY LEGEND |
AUD – Australian dollar
CHF – Swiss franc
DKK – Danish krone
EUR – Euro
GBP – British pound
HKD – Hong Kong dollar
ILS – Israeli New shekel
JPY – Japanese yen
NZD – New Zealand dollar
SEK – Swedish krona
SGD – Singapore dollar
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 87 |
Table of Contents
Schedule of Investments
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.9% | ||||||||
Australia – 12.4% | ||||||||
Accent Group Ltd.(a) | 2,986,551 | $ | 2,897,905 | |||||
Adelaide Brighton Ltd.(a) | 864,066 | 4,122,503 | ||||||
Ainsworth Game Technology Ltd.(a) | 646,857 | 917,918 | ||||||
ALS Ltd. | 563,824 | 3,209,010 | ||||||
Altium Ltd. | 297,300 | 4,538,075 | ||||||
Ansell Ltd. | 230,975 | 4,475,298 | ||||||
AP Eagers Ltd. | 239,455 | 1,561,229 | ||||||
APN Outdoor Group Ltd.(a) | 295,254 | 1,050,842 | ||||||
ARB Corp., Ltd. | 76,429 | 1,161,945 | ||||||
Asaleo Care Ltd. | 1,524,144 | 1,496,441 | ||||||
AUB Group Ltd. | 85,664 | 929,119 | ||||||
Austal Ltd. | 649,950 | 904,858 | ||||||
Australian Pharmaceutical Industries Ltd. | 1,021,576 | 1,175,400 | ||||||
Automotive Holdings Group Ltd.(a) | 884,861 | 2,382,351 | ||||||
Baby Bunting Group Ltd.(a) | 811,342 | 818,377 | ||||||
Bapcor Ltd. | 265,721 | 1,157,705 | ||||||
Beach Energy Ltd. | 3,409,086 | 3,177,151 | ||||||
Beacon Lighting Group Ltd. | 568,267 | 666,910 | ||||||
Bega Cheese Ltd.(a) | 223,212 | 1,159,124 | ||||||
Blackmores Ltd.(a) | 28,061 | 2,707,097 | ||||||
Breville Group Ltd. | 211,770 | 1,889,156 | ||||||
Brickworks Ltd. | 191,874 | 2,284,186 | ||||||
BT Investment Management Ltd. | 589,175 | 4,541,863 | ||||||
Cabcharge Australia Ltd. | 893,979 | 1,220,593 | ||||||
carsales.com Ltd. | 355,975 | 3,688,914 | ||||||
Cedar Woods Properties Ltd. | 253,610 | 1,243,057 | ||||||
Cleanaway Waste Management Ltd. | 2,727,159 | 3,022,748 | ||||||
Collins Foods Ltd. | 267,875 | 1,068,462 | ||||||
Corporate Travel Management Ltd. | 124,511 | 2,242,485 | ||||||
CSG Ltd.*(a) | 1,581,273 | 388,133 | ||||||
CSR Ltd. | 1,604,172 | 6,373,887 | ||||||
Dicker Data Ltd. | 374,133 | 840,848 | ||||||
Dongfang Modern Agriculture Holding Group Ltd. | 851,542 | 698,898 | ||||||
DuluxGroup Ltd. | 644,727 | 3,649,689 | ||||||
Eclipx Group Ltd. | 519,768 | 1,427,303 | ||||||
Elanor Investor Group | 488,414 | 764,261 | ||||||
ERM Power Ltd. | 628,416 | 874,878 | ||||||
Estia Health Ltd. | 269,811 | 701,589 | ||||||
Event Hospitality and Entertainment Ltd. | 267,920 | 2,862,727 | ||||||
Fairfax Media Ltd. | 4,727,326 | 2,447,614 | ||||||
Flight Centre Travel Group Ltd.(a) | 222,290 | 9,717,225 | ||||||
G8 Education Ltd.(a) | 994,066 | 2,012,996 | ||||||
Genworth Mortgage Insurance Australia Ltd.(a) | 1,934,973 | 3,428,551 | ||||||
GrainCorp Ltd. Class A | 142,226 | 924,030 | ||||||
Greencross Ltd. | 223,473 | 906,785 | ||||||
GUD Holdings Ltd. | 181,367 | 1,655,499 | ||||||
GWA Group Ltd. | 614,015 | 1,582,493 | ||||||
Healthscope Ltd. | 2,923,177 | 4,338,701 | ||||||
HT&E Ltd.(a) | 470,845 | 688,013 | ||||||
IDP Education Ltd. | 318,134 | 1,817,984 | ||||||
IMF Bentham Ltd.(a) | 478,766 | 954,817 | ||||||
Infomedia Ltd. | 909,658 | 586,113 | ||||||
Invocare Ltd. | 167,534 | 1,669,305 | ||||||
IOOF Holdings Ltd. | 909,180 | 7,099,395 | ||||||
IPH Ltd.(a) | 364,208 | 947,050 | ||||||
IRESS Ltd. | 337,286 | 2,455,207 | ||||||
iSentia Group Ltd.(a) | 453,145 | 290,233 | ||||||
IVE Group Ltd. | 530,005 | 878,127 | ||||||
Japara Healthcare Ltd.(a) | 401,441 | 618,930 | ||||||
JB Hi-Fi Ltd.(a) | 275,858 | 5,461,315 | ||||||
Link Administration Holdings Ltd. | 219,701 | 1,405,471 | ||||||
MACA Ltd. | 2,000,102 | 2,040,457 | ||||||
Mantra Group Ltd. | 422,287 | 1,272,987 | ||||||
McMillan Shakespeare Ltd. | 199,585 | 2,579,595 | ||||||
Mineral Resources Ltd. | 343,253 | 4,473,335 | ||||||
Monadelphous Group Ltd. | 246,343 | 2,872,152 | ||||||
Mortgage Choice Ltd.(a) | 587,701 | 818,195 | ||||||
Myer Holdings Ltd.(a) | 3,615,108 | 1,039,863 | ||||||
MYOB Group Ltd. | 756,915 | 1,770,805 | ||||||
MyState Ltd. | 336,863 | 1,224,772 | ||||||
Navigator Global Investments Ltd. | 843,638 | 2,400,787 | ||||||
Navitas Ltd.(a) | 599,260 | 2,279,925 | ||||||
NIB Holdings Ltd. | 885,861 | 4,335,208 | ||||||
Nick Scali Ltd. | 175,627 | 905,283 | ||||||
Nine Entertainment Co. Holdings Ltd. | 2,625,778 | 4,572,014 | ||||||
Northern Star Resources Ltd. | 664,385 | 3,200,392 | ||||||
Nufarm Ltd. | 271,253 | 1,758,146 | ||||||
OFX Group Ltd.(a) | 437,698 | 567,394 | ||||||
oOh!media Ltd.(a) | 236,716 | 833,420 | ||||||
Orora Ltd. | 1,914,736 | 4,846,704 | ||||||
OZ Minerals Ltd. | 476,555 | 3,286,218 | ||||||
Pact Group Holdings Ltd. | 651,372 | 2,737,999 | ||||||
Peet Ltd. | 792,925 | 863,663 | ||||||
Perpetual Ltd. | 118,396 | 4,227,469 | ||||||
Platinum Asset Management Ltd.(a) | 1,918,562 | 8,623,769 | ||||||
Premier Investments Ltd.(a) | 375,432 | 4,547,127 | ||||||
Primary Health Care Ltd. | 300,702 | 899,549 | ||||||
Regis Resources Ltd. | 808,863 | 2,810,586 | ||||||
Retail Food Group Ltd.(a) | 473,956 | 338,100 | ||||||
Sandfire Resources NL | 138,830 | 779,503 | ||||||
Scottish Pacific Group Ltd.(a) | 359,506 | 893,459 | ||||||
SeaLink Travel Group Ltd.(a) | 247,155 | 758,321 | ||||||
Seven Group Holdings Ltd.(a) | 982,193 | 13,184,345 | ||||||
SG Fleet Group Ltd. | 493,704 | 1,446,617 | ||||||
Sigma Healthcare Ltd. | 3,288,869 | 1,967,727 | ||||||
Silver Chef Ltd.(a) | 173,876 | 520,149 | ||||||
Sims Metal Management Ltd. | 227,592 | 2,520,855 | ||||||
Sirtex Medical Ltd. | 66,119 | 1,406,878 | ||||||
Southern Cross Media Group Ltd. | 2,236,185 | 1,775,300 | ||||||
Steadfast Group Ltd. | 986,018 | 1,898,376 | ||||||
Super Retail Group Ltd. | 467,031 | 2,436,006 | ||||||
Tassal Group Ltd. | 188,318 | 547,463 | ||||||
Villa World Ltd. | 769,378 | 1,428,166 | ||||||
Village Roadshow Ltd.* | 214,834 | 514,140 | ||||||
Vita Group Ltd.(a) | 1,093,411 | 1,023,215 |
See Notes to Financial Statements.
88 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
Viva Energy REIT | 487,876 | $ | 748,451 | |||||
Vocus Group Ltd.(a) | 1,189,783 | 2,026,023 | ||||||
WPP AUNZ Ltd. | 1,725,674 | 1,211,166 | ||||||
|
| |||||||
Total Australia | 241,390,863 | |||||||
Austria – 1.0% | ||||||||
AT&S Austria Technologie & Systemtechnik AG | 46,807 | 1,266,443 | ||||||
Porr AG(a) | 43,272 | 1,487,446 | ||||||
S IMMO AG | 135,330 | 2,679,614 | ||||||
UNIQA Insurance Group AG | 1,187,092 | 13,774,587 | ||||||
Zumtobel Group AG(a) | 46,712 | 438,334 | ||||||
|
| |||||||
Total Austria | 19,646,424 | |||||||
Belgium – 1.2% | ||||||||
Cofinimmo S.A. | 60,676 | 7,865,202 | ||||||
D’ieteren S.A./N.V. | 62,886 | 2,544,498 | ||||||
EVS Broadcast Equipment S.A. | 18,839 | 608,190 | ||||||
Exmar N.V.* | 261,127 | 1,686,023 | ||||||
Ion Beam Applications(a) | 42,252 | 851,684 | ||||||
Orange Belgium S.A. | 114,232 | 2,334,915 | ||||||
Recticel S.A. | 89,811 | 1,124,423 | ||||||
Warehouses De Pauw CVA | 54,279 | 6,742,260 | ||||||
|
| |||||||
Total Belgium | 23,757,195 | |||||||
China – 1.6% | ||||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 434,000 | 815,101 | ||||||
China Aerospace International Holdings Ltd. | 5,208,000 | 564,046 | ||||||
China Agri-Industries Holdings Ltd. | 3,581,000 | 1,574,156 | ||||||
China South City Holdings Ltd.(a) | 13,386,000 | 3,018,898 | ||||||
China Traditional Chinese Medicine Holdings Co., Ltd.(a) | 4,258,000 | 3,141,294 | ||||||
China Travel International Investment Hong Kong Ltd. | 7,102,000 | 2,515,648 | ||||||
CITIC Telecom International Holdings Ltd. | 6,973,822 | 2,017,071 | ||||||
CPMC Holdings Ltd. | 1,702,109 | 1,093,056 | ||||||
Goldpac Group Ltd.(a) | 2,016,000 | 611,353 | ||||||
Guotai Junan International Holdings Ltd.(a) | 10,299,000 | 2,965,705 | ||||||
Rivera Holdings Ltd. | 10,858,000 | 830,091 | ||||||
Shougang Fushan Resources Group Ltd. | 6,198,000 | 1,579,450 | ||||||
Sinotruk Hong Kong Ltd.(a) | 1,963,000 | 2,323,595 | ||||||
Yuexiu Property Co., Ltd. | 32,406,000 | 7,638,737 | ||||||
|
| |||||||
Total China | 30,688,201 | |||||||
Denmark – 1.6% | ||||||||
Alm Brand A/S | 242,265 | 2,458,265 | ||||||
Matas A/S | 96,567 | 1,042,004 | ||||||
NNIT A/S(b) | 23,414 | 668,320 | ||||||
Per Aarsleff Holding A/S | 40,340 | 1,507,534 | ||||||
Royal Unibrew A/S | 62,510 | 4,127,523 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 223,914 | 3,934,538 | ||||||
Schouw & Co. A/S | 30,409 | 2,997,802 | ||||||
SimCorp A/S | 39,142 | 2,711,117 | ||||||
Spar Nord Bank A/S | 374,967 | 4,448,205 | ||||||
Sydbank A/S | 171,509 | 6,287,729 | ||||||
|
| |||||||
Total Denmark | 30,183,037 | |||||||
Finland – 2.4% | ||||||||
Aktia Bank Oyj | 65,561 | 740,185 | ||||||
Citycon Oyj(a) | 2,554,857 | 5,740,602 | ||||||
Cramo Oyj | 66,747 | 1,391,406 | ||||||
DNA Oyj | 231,970 | 5,029,635 | ||||||
F-Secure Oyj | 236,170 | 1,061,609 | ||||||
HKScan Oyj Class A(a) | 371,216 | 1,401,578 | ||||||
Kemira Oyj | 201,052 | 2,571,544 | ||||||
Lassila & Tikanoja Oyj | 106,186 | 2,201,796 | ||||||
Lehto Group Oyj | 38,646 | 555,136 | ||||||
Metsa Board Oyj(a) | 529,647 | 5,312,058 | ||||||
Oriola Oyj Class B(a) | 242,177 | 732,690 | ||||||
Ramirent Oyj | 250,322 | 2,061,114 | ||||||
Sanoma Oyj | 370,283 | 4,337,616 | ||||||
Technopolis Oyj | 327,395 | 1,477,714 | ||||||
Tieto Oyj(a) | 160,549 | 5,346,980 | ||||||
Tikkurila Oyj(a) | 64,685 | 1,242,616 | ||||||
Tokmanni Group Corp. | 140,438 | 1,145,982 | ||||||
Uponor Oyj | 117,281 | 1,957,311 | ||||||
YIT Oyj(a) | 187,207 | 1,565,609 | ||||||
|
| |||||||
Total Finland | 45,873,181 | |||||||
France – 1.9% | ||||||||
Albioma S.A. | 72,162 | 1,709,296 | ||||||
Coface S.A. | 436,500 | 4,987,148 | ||||||
Europcar Groupe S.A.(b) | 187,144 | 2,078,337 | ||||||
Gaztransport Et Technigaz S.A. | 114,536 | 7,169,883 | ||||||
IPSOS | 56,386 | 2,213,535 | ||||||
Jacquet Metal Service | 50,558 | 1,824,947 | ||||||
Kaufman & Broad S.A. | 49,264 | 2,588,292 | ||||||
Korian S.A. | 72,128 | 2,439,433 | ||||||
LISI | 17,644 | 709,573 | ||||||
Neopost S.A. | 84,858 | 2,233,361 | ||||||
Nexans S.A. | 23,821 | 1,230,443 | ||||||
Rallye S.A.(a) | 273,465 | 4,103,117 | ||||||
Television Francaise 1 | 228,596 | 3,100,962 | ||||||
|
| |||||||
Total France | 36,388,327 | |||||||
Germany – 4.3% | ||||||||
Aareal Bank AG | 156,020 | 7,433,480 | ||||||
alstria office REIT-AG | 311,879 | 4,882,776 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA(a) | 105,062 | 7,313,317 | ||||||
Bechtle AG | 44,222 | 3,578,628 | ||||||
Bertrandt AG | 7,475 | 851,744 | ||||||
Bilfinger SE | 60,586 | 2,756,934 | ||||||
Borussia Dortmund GmbH & Co. KGaA | 225,524 | 1,418,700 | ||||||
Cewe Stiftung & Co. KGaA | 7,575 | 744,358 | ||||||
Comdirect Bank AG | 86,874 | 1,258,599 | ||||||
CropEnergies AG | 122,274 | 778,962 | ||||||
Deutz AG | 69,353 | 635,439 | ||||||
Diebold Nixdorf AG* | 22,392 | 1,850,608 | ||||||
Elmos Semiconductor AG | 54,761 | 1,676,961 | ||||||
Encavis AG | 236,343 | 1,863,173 | ||||||
Gerresheimer AG | 16,123 | 1,321,595 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 89 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
Grammer AG | 22,499 | $ | 1,409,807 | |||||
Hamburger Hafen und Logistik AG | 129,391 | 2,904,151 | ||||||
Indus Holding AG | 35,429 | 2,479,268 | ||||||
Jenoptik AG | 59,758 | 2,110,730 | ||||||
Kloeckner & Co. SE | 126,576 | 1,587,829 | ||||||
Leoni AG | 26,451 | 1,688,998 | ||||||
MLP SE | 210,267 | 1,276,176 | ||||||
NORMA Group SE | 30,416 | 2,274,354 | ||||||
Pfeiffer Vacuum Technology AG | 17,691 | 2,747,945 | ||||||
RHOEN-KLINIKUM AG | 107,071 | 3,605,434 | ||||||
Sixt SE | 53,479 | 5,791,152 | ||||||
Takkt AG | 77,225 | 1,757,041 | ||||||
TLG Immobilien AG | 175,190 | 4,804,702 | ||||||
VTG AG | 38,545 | 2,178,241 | ||||||
Wacker Neuson SE | 103,485 | 3,581,408 | ||||||
Washtec AG | 8,759 | 833,773 | ||||||
Wuestenrot & Wuerttembergische AG | 159,291 | 3,757,441 | ||||||
Zeal Network SE | 23,793 | 763,734 | ||||||
|
| |||||||
Total Germany | 83,917,458 | |||||||
Hong Kong – 1.0% | ||||||||
Chu Kong Shipping Enterprises Group Co., Ltd. | 2,696,000 | 700,768 | ||||||
Dah Sing Financial Holdings Ltd. | 453,029 | 2,863,071 | ||||||
Hong Kong Aircraft Engineering Co., Ltd.(a) | 373,600 | 2,170,682 | ||||||
Hongkong & Shanghai Hotels Ltd. (The) | 1,484,870 | 2,259,005 | ||||||
Kowloon Development Co., Ltd. | 3,878,000 | 4,363,077 | ||||||
Lai Sun Development Co., Ltd. | 871,734 | 1,428,398 | ||||||
Miramar Hotel & Investment(a) | 521,000 | 1,027,621 | ||||||
Television Broadcasts Ltd. | 975,400 | 3,231,324 | ||||||
Vitasoy International Holdings Ltd. | 912,364 | 2,348,248 | ||||||
|
| |||||||
Total Hong Kong | 20,392,194 | |||||||
Indonesia – 0.1% | ||||||||
Bumitama Agri Ltd. | 2,352,900 | 1,273,972 | ||||||
Ireland – 0.7% | ||||||||
C&C Group PLC | 495,754 | 1,621,811 | ||||||
Grafton Group PLC | 187,470 | 2,024,968 | ||||||
Greencore Group PLC(a) | 729,065 | 1,355,632 | ||||||
Hostelworld Group PLC(b) | 256,900 | 1,376,649 | ||||||
IFG Group PLC | 357,459 | 918,808 | ||||||
Irish Continental Group PLC | 428,092 | 3,011,518 | ||||||
Origin Enterprises PLC | 112,723 | 741,683 | ||||||
UDG Healthcare PLC | 270,356 | 3,291,937 | ||||||
|
| |||||||
Total Ireland | 14,343,006 | |||||||
Israel – 2.9% | ||||||||
Amot Investments Ltd. | 821,214 | 4,392,782 | ||||||
Ashtrom Properties Ltd. | 208,169 | 1,003,238 | ||||||
Avgol Industries 1953 Ltd. | 1,307,920 | 1,287,486 | ||||||
B Communications Ltd.* | 102,175 | 1,339,886 | ||||||
Delek Automotive Systems Ltd. | 553,293 | 4,141,601 | ||||||
Delta-Galil Industries Ltd. | 37,554 | 1,103,885 | ||||||
Direct Insurance Financial Investments Ltd. | 103,168 | 1,335,276 | ||||||
Discount Investment Corp., Ltd. Registered Shares | 802,652 | 2,398,228 | ||||||
El Al Israel Airlines | 1,971,008 | 656,282 | ||||||
First International Bank of Israel Ltd. | 243,052 | 5,116,010 | ||||||
Gazit-Globe Ltd. | 203,520 | 2,007,462 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 319,753 | 2,525,528 | ||||||
Inrom Construction Industries Ltd. | 506,422 | 2,351,191 | ||||||
Magic Software Enterprises Ltd. | 83,831 | 684,096 | ||||||
Matrix IT Ltd. | 232,347 | 2,617,407 | ||||||
Maytronics Ltd. | 261,232 | 1,290,965 | ||||||
Mediterranean Towers Ltd.* | 396,540 | 802,714 | ||||||
Meitav Dash Investments Ltd. | 234,190 | 749,093 | ||||||
Melisron Ltd. | 63,820 | 2,539,457 | ||||||
Migdal Insurance & Financial Holding Ltd.* | 755,887 | 805,869 | ||||||
Nawi Brothers Ltd. | 88,655 | 467,662 | ||||||
Oil Refineries Ltd. | 10,119,138 | 4,675,005 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 17,347 | 870,599 | ||||||
Scope Metals Group Ltd. | 23,325 | 647,959 | ||||||
Sella Capital Real Estate Ltd. | 1,053,672 | 2,045,309 | ||||||
Shapir Engineering and Industry Ltd. | 349,961 | 1,118,408 | ||||||
Shikun & Binui Ltd. | 616,547 | 1,014,159 | ||||||
Shufersal Ltd.* | 343,942 | 2,187,569 | ||||||
Strauss Group Ltd. | 120,542 | 2,592,227 | ||||||
ZUR Shamir Holdings Ltd. | 175,153 | 770,786 | ||||||
|
| |||||||
Total Israel | 55,538,139 | |||||||
Italy – 4.4% | ||||||||
Anima Holding SpA(b) | 495,076 | 3,354,871 | ||||||
Ascopiave SpA | 878,872 | 3,523,672 | ||||||
Astaldi SpA(a) | 218,728 | 595,572 | ||||||
ASTM SpA | 111,437 | 2,802,690 | ||||||
Banca IFIS SpA | 96,964 | 3,730,178 | ||||||
Banca Popolare di Sondrio SCPA | 484,927 | 1,919,175 | ||||||
Banca Sistema SpA(a)(b) | 248,281 | 683,981 | ||||||
Biesse SpA | 58,598 | 3,473,619 | ||||||
BPER Banca | 301,992 | 1,682,465 | ||||||
Cairo Communication SpA(a) | 178,163 | 799,765 | ||||||
Cerved Information Solutions SpA | 183,623 | 2,287,646 | ||||||
CIR-Compagnie Industriali Riunite SpA | 914,083 | 1,209,623 | ||||||
Cofide SpA | 1,541,242 | 924,055 | ||||||
Credito Emiliano SpA | 337,837 | 2,954,127 | ||||||
Datalogic SpA | 64,551 | 2,020,426 | ||||||
Ei Towers SpA | 46,221 | 2,589,286 | ||||||
Enav SpA(b) | 1,067,891 | 5,692,042 | ||||||
ERG SpA | 252,251 | 6,012,277 | ||||||
Esprinet SpA(a) | 69,881 | 373,853 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA(a) | 167,117 | 1,559,553 | ||||||
IMMSI SpA* | 1,188,394 | 929,544 | ||||||
Italmobiliare SpA | 50,428 | 1,417,132 | ||||||
Maire Tecnimont SpA(a) | 266,243 | 1,368,695 | ||||||
MARR SpA | 146,476 | 4,348,666 | ||||||
OVS SpA(b) | 241,960 | 1,482,517 | ||||||
RAI Way SpA(b) | 398,867 | 2,209,913 | ||||||
Saras SpA | 3,791,922 | 8,315,015 | ||||||
Societa Cattolica di Assicurazioni SC | 414,597 | 4,410,568 |
See Notes to Financial Statements.
90 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
Societa Iniziative Autostradali e Servizi SpA | 332,958 | $ | 6,195,562 | |||||
Tod’s SpA(a) | 59,555 | 4,321,381 | ||||||
Zignago Vetro SpA | 151,262 | 1,544,046 | ||||||
|
| |||||||
Total Italy | 84,731,915 | |||||||
Japan – 26.5% | ||||||||
Adastria Co., Ltd.(a) | 43,200 | 881,061 | ||||||
ADEKA Corp. | 98,901 | 1,783,659 | ||||||
Aeon Delight Co., Ltd. | 53,000 | 1,918,665 | ||||||
Ai Holdings Corp. | 47,500 | 1,323,390 | ||||||
Aica Kogyo Co., Ltd. | 48,700 | 1,804,212 | ||||||
Aichi Corp.(a) | 122,000 | 831,688 | ||||||
Aida Engineering Ltd. | 90,700 | 1,096,758 | ||||||
Aisan Industry Co., Ltd. | 142,200 | 1,522,951 | ||||||
Akita Bank Ltd. (The) | 34,100 | 912,219 | ||||||
Alinco, Inc. | 105,000 | 1,085,049 | ||||||
Alpen Co., Ltd. | 53,000 | 1,181,598 | ||||||
Alpine Electronics, Inc.(a) | 66,200 | 1,248,058 | ||||||
Amano Corp. | 97,200 | 2,623,989 | ||||||
Aoyama Trading Co., Ltd. | 71,301 | 2,809,132 | ||||||
Arcs Co., Ltd. | 65,800 | 1,588,233 | ||||||
Ariake Japan Co., Ltd. | 40,300 | 3,228,547 | ||||||
Asahi Broadcasting Corp. | 116,600 | 964,814 | ||||||
Asahi Holdings, Inc. | 48,300 | 899,693 | ||||||
ASKUL Corp.(a) | 34,988 | 1,179,426 | ||||||
Autobacs Seven Co., Ltd. | 57,203 | 1,072,523 | ||||||
Avex, Inc. | 58,300 | 819,544 | ||||||
Awa Bank Ltd. (The) | 86,000 | 551,500 | ||||||
Bando Chemical Industries Ltd. | 98,400 | 1,127,876 | ||||||
Bank of Saga Ltd. (The) | 17,100 | 374,962 | ||||||
Bell System24 Holdings, Inc. | 90,300 | 1,339,004 | ||||||
Belluna Co., Ltd. | 202,000 | 2,395,129 | ||||||
BML, Inc. | 39,500 | 1,008,764 | ||||||
C.I. Takiron Corp. | 131,000 | 853,625 | ||||||
Capcom Co., Ltd. | 110,600 | 2,390,874 | ||||||
Central Glass Co., Ltd. | 58,000 | 1,351,425 | ||||||
Chiyoda Co., Ltd. | 44,800 | 1,125,160 | ||||||
Citizen Watch Co., Ltd. | 201,807 | 1,449,747 | ||||||
CKD Corp. | 64,900 | 1,444,460 | ||||||
COLOPL, Inc.(a) | 63,000 | 548,547 | ||||||
CONEXIO Corp. | 90,700 | 1,934,251 | ||||||
Cosmo Energy Holdings Co., Ltd. | 82,200 | 2,662,708 | ||||||
Daido Metal Co., Ltd. | 89,400 | 1,028,920 | ||||||
Daido Steel Co., Ltd. | 14,791 | 756,587 | ||||||
Daiken Medical Co., Ltd.(a) | 342,600 | 2,470,843 | ||||||
Daikyo, Inc.(a) | 53,600 | 1,085,104 | ||||||
Daio Paper Corp.(a) | 62,500 | 881,523 | ||||||
Daishi Bank Ltd. (The) | 33,790 | 1,493,305 | ||||||
Daiwabo Holdings Co., Ltd. | 59,600 | 2,614,330 | ||||||
DCM Holdings Co., Ltd. | 161,800 | 1,643,103 | ||||||
Denka Co., Ltd. | 105,800 | 3,546,563 | ||||||
Denyo Co., Ltd. | 61,900 | 1,106,459 | ||||||
Dexerials Corp. | 146,800 | 1,525,284 | ||||||
DMG Mori Co., Ltd. | 85,300 | 1,594,512 | ||||||
Doshisha Co., Ltd. | 46,600 | 1,074,407 | ||||||
Doutor Nichires Holdings Co., Ltd. | 50,100 | 1,173,946 | ||||||
Dowa Holdings Co., Ltd.(a) | 42,200 | 1,511,819 | ||||||
Eagle Industry Co., Ltd. | 84,000 | 1,473,850 | ||||||
Earth Corp. | 40,100 | 2,119,060 | ||||||
EDION Corp.(a) | 149,600 | 1,741,465 | ||||||
Eighteenth Bank Ltd. (The) | 329,393 | 845,550 | ||||||
Enplas Corp. | 33,400 | 1,116,474 | ||||||
Exedy Corp. | 36,770 | 1,159,975 | ||||||
Fancl Corp. | 62,700 | 2,296,347 | ||||||
FIDEA Holdings Co., Ltd. | 798,000 | 1,455,684 | ||||||
Fields Corp.(a) | 122,897 | 1,346,262 | ||||||
Financial Products Group Co., Ltd. | 78,900 | 1,023,066 | ||||||
Foster Electric Co., Ltd. | 48,685 | 1,189,773 | ||||||
France Bed Holdings Co., Ltd.(a) | 158,900 | 1,407,464 | ||||||
Fudo Tetra Corp. | 447,900 | 795,986 | ||||||
Fuji Corp., Ltd. | 259,900 | 2,199,436 | ||||||
Fuji Oil Co., Ltd. | 214,700 | 847,898 | ||||||
Fuji Oil Holdings, Inc. | 60,000 | 1,811,001 | ||||||
Fujikura Ltd. | 195,800 | 1,329,267 | ||||||
Fujimi, Inc. | 63,741 | 1,381,504 | ||||||
Fujimori Kogyo Co., Ltd. | 44,700 | 1,582,468 | ||||||
Fujitec Co., Ltd. | 70,900 | 933,333 | ||||||
Fujitsu General Ltd. | 52,200 | 934,054 | ||||||
Fukuyama Transporting Co., Ltd. | 18,000 | 794,640 | ||||||
Funai Soken Holdings, Inc. | 212,550 | 4,550,788 | ||||||
GCA Corp. | 91,400 | 781,219 | ||||||
Geo Holdings Corp.(a) | 108,700 | 1,741,653 | ||||||
Gfoot Co., Ltd.(a) | 146,800 | 1,058,727 | ||||||
Glory Ltd. | 19,877 | 709,292 | ||||||
GMO Financial Holdings, Inc.(a) | 246,600 | 1,655,594 | ||||||
GMO Internet, Inc.(a) | 107,688 | 2,169,961 | ||||||
Godo Steel Ltd.(a) | 44,200 | 886,078 | ||||||
GS Yuasa Corp. | 103,000 | 561,730 | ||||||
GungHo Online Entertainment, Inc. | 326,100 | 1,109,997 | ||||||
Gunma Bank Ltd. (The) | 547,200 | 3,107,746 | ||||||
Gunze Ltd. | 36,900 | 2,092,214 | ||||||
Gurunavi, Inc.(a) | 44,900 | 626,109 | ||||||
H2O Retailing Corp. | 52,200 | 955,159 | ||||||
Hanwa Co., Ltd. | 69,600 | 2,931,904 | ||||||
Happinet Corp. | 151,900 | 2,189,588 | ||||||
Hard Off Corp. Co., Ltd. | 96,800 | 983,929 | ||||||
Hazama Ando Corp.(a) | 152,900 | 1,151,602 | ||||||
Heiwa Corp.(a) | 96,519 | 1,941,271 | ||||||
Heiwado Co., Ltd. | 67,300 | 1,628,236 | ||||||
Hiroshima Bank Ltd. (The) | 292,500 | 2,203,032 | ||||||
Hitachi Transport System Ltd. | 50,031 | 1,406,607 | ||||||
Hitachi Zosen Corp. | 196,400 | 1,006,469 | ||||||
Hokuetsu Bank Ltd. (The) | 48,400 | 1,055,835 | ||||||
Hokuetsu Industries Co., Ltd. | 193,800 | 2,093,805 | ||||||
Hokuetsu Kishu Paper Co., Ltd. | 259,500 | 1,673,879 | ||||||
Hokuhoku Financial Group, Inc.(a) | 190,400 | 2,583,425 | ||||||
Horiba Ltd. | 38,600 | 2,990,729 | ||||||
Hosokawa Micron Corp. | 37,200 | 2,570,945 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 91 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
Hyakugo Bank Ltd. (The) | 209,000 | $ | 988,500 | |||||
Hyakujushi Bank Ltd. (The) | 176,000 | 597,424 | ||||||
Ibiden Co., Ltd.(a) | 102,700 | 1,528,670 | ||||||
Ichigo, Inc.(a) | 336,900 | 1,482,550 | ||||||
Ichiyoshi Securities Co., Ltd. | 162,900 | 1,908,542 | ||||||
Idec Corp.(a) | 85,800 | 2,079,853 | ||||||
Iino Kaiun Kaisha Ltd. | 240,400 | 1,150,575 | ||||||
Imasen Electric Industrial | 109,800 | 1,257,512 | ||||||
Inaba Denki Sangyo Co., Ltd. | 44,600 | 1,973,136 | ||||||
Inabata & Co., Ltd. | 65,700 | 998,319 | ||||||
Itochu Enex Co., Ltd. | 206,301 | 1,937,891 | ||||||
Iwatani Corp. | 19,000 | 702,116 | ||||||
Iyo Bank Ltd. (The) | 216,700 | 1,632,127 | ||||||
Japan Wool Textile Co., Ltd. (The) | 105,600 | 1,036,638 | ||||||
K’s Holdings Corp. | 177,202 | 2,451,003 | ||||||
kabu.com Securities Co., Ltd. | 625,301 | 2,151,953 | ||||||
Kaga Electronics Co., Ltd. | 63,800 | 1,655,141 | ||||||
Kandenko Co., Ltd. | 159,800 | 1,821,134 | ||||||
Kaneka Corp. | 153,000 | 1,517,771 | ||||||
Kansai Urban Banking Corp. | 85,800 | 1,129,478 | ||||||
Kasai Kogyo Co., Ltd. | 53,700 | 696,307 | ||||||
Kato Sangyo Co., Ltd. | 51,400 | 1,800,329 | ||||||
Kato Works Co., Ltd. | 52,900 | 1,217,173 | ||||||
Keiyo Bank Ltd. (The) | 189,000 | 844,147 | ||||||
Kintetsu World Express, Inc. | 64,800 | 1,217,399 | ||||||
Kitagawa Iron Works Co., Ltd. | 53,900 | 1,373,981 | ||||||
Kitano Construction Corp. | 361,000 | 1,381,542 | ||||||
Kito Corp. | 82,900 | 1,547,311 | ||||||
Kiyo Bank Ltd. (The) | 55,450 | 880,109 | ||||||
Koa Corp. | 99,200 | 2,052,092 | ||||||
Kobe Bussan Co., Ltd.(a) | 15,100 | 682,943 | ||||||
Koei Tecmo Holdings Co., Ltd. | 63,300 | 1,236,835 | ||||||
Kohnan Shoji Co., Ltd. | 84,800 | 2,024,515 | ||||||
Kokuyo Co., Ltd. | 142,400 | 2,802,475 | ||||||
Konoike Transport Co., Ltd. | 53,000 | 917,969 | ||||||
Kurabo Industries Ltd. | 429,955 | 1,354,348 | ||||||
KYB Corp. | 15,079 | 716,022 | ||||||
Kyoei Steel Ltd.(a) | 42,500 | 732,910 | ||||||
KYORIN Holdings, Inc. | 74,990 | 1,409,544 | ||||||
Kyosan Electric Manufacturing Co., Ltd. | 371,000 | 2,288,444 | ||||||
Kyoto Kimono Yuzen Co., Ltd.(a) | 218,200 | 1,573,666 | ||||||
Kyowa Exeo Corp.(a) | 102,500 | 2,742,971 | ||||||
Kyudenko Corp.(a) | 41,900 | 2,060,527 | ||||||
Leopalace21 Corp. | 303,000 | 2,527,137 | ||||||
Lintec Corp. | 56,830 | 1,651,196 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 62,000 | 1,118,740 | ||||||
Maeda Road Construction Co., Ltd. | 55,000 | 1,111,895 | ||||||
Mandom Corp. | 66,060 | 2,279,645 | ||||||
Marubun Corp. | 140,100 | 1,297,588 | ||||||
Maruha Nichiro Corp. | 51,300 | 1,640,056 | ||||||
Matsui Securities Co., Ltd. | 218,340 | 1,979,123 | ||||||
Max Co., Ltd. | 64,147 | 823,929 | ||||||
MegaChips Corp.*(a) | 45,700 | 1,645,802 | ||||||
Megmilk Snow Brand Co., Ltd. | 54,800 | 1,482,460 | ||||||
Meitec Corp. | 50,600 | 2,802,388 | ||||||
Minato Bank Ltd. (The) | 43,321 | 855,422 | ||||||
Ministop Co., Ltd. | 48,400 | 991,665 | ||||||
Miraca Holdings, Inc. | 40,300 | 1,574,485 | ||||||
Mitsubishi Research Institute, Inc. | 33,200 | 1,047,353 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 43,300 | 1,241,796 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 53,400 | 1,229,179 | ||||||
Mitsui Matsushima Co., Ltd. | 62,100 | 884,056 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 52,164 | 2,369,084 | ||||||
Miyazaki Bank Ltd. (The) | 17,264 | 536,507 | ||||||
Morinaga Milk Industry Co., Ltd. | 66,200 | 2,695,308 | ||||||
MTI Ltd. | 117,000 | 723,893 | ||||||
Musashino Bank Ltd. (The) | 16,345 | 515,632 | ||||||
Nachi-Fujikoshi Corp. | 335,000 | 2,034,885 | ||||||
Nagaileben Co., Ltd. | 44,900 | 1,231,109 | ||||||
Nagase & Co., Ltd. | 112,500 | 1,909,379 | ||||||
NEC Networks & System Integration Corp. | 48,001 | 1,251,592 | ||||||
NHK Spring Co., Ltd. | 160,900 | 1,702,045 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 47,400 | 746,544 | ||||||
Nichias Corp. | 131,000 | 1,665,369 | ||||||
Nichiha Corp. | 68,001 | 2,599,192 | ||||||
Nichireki Co., Ltd. | 141,800 | 1,638,667 | ||||||
Nihon Kohden Corp. | 62,900 | 1,751,264 | ||||||
Nihon Nohyaku Co., Ltd. | 156,000 | 918,251 | ||||||
Nihon Parkerizing Co., Ltd. | 84,701 | 1,384,206 | ||||||
Nihon Unisys Ltd. | 92,800 | 2,001,723 | ||||||
Nikkon Holdings Co., Ltd. | 65,800 | 1,726,206 | ||||||
Nippo Corp. | 46,200 | 1,071,701 | ||||||
Nippon Denko Co., Ltd.(a) | 416,300 | 1,315,250 | ||||||
Nippon Flour Mills Co., Ltd. | 153,697 | 2,383,134 | ||||||
Nippon Kayaku Co., Ltd. | 109,899 | 1,350,616 | ||||||
Nippon Koei Co., Ltd. | 45,800 | 1,393,164 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 609,400 | 1,633,089 | ||||||
Nippon Paper Industries Co., Ltd.(a) | 104,238 | 1,946,560 | ||||||
Nippon Shokubai Co., Ltd. | 31,800 | 2,158,872 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 41,473 | 2,296,906 | ||||||
Nippon Thompson Co., Ltd. | 152,600 | 1,219,652 | ||||||
Nipro Corp. | 237,091 | 3,426,506 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 62,200 | 1,625,914 | ||||||
Nishimatsu Construction Co., Ltd. | 60,000 | 1,488,293 | ||||||
Nishimatsuya Chain Co., Ltd. | 92,800 | 1,046,236 | ||||||
Nishio Rent All Co., Ltd. | 17,300 | 529,492 | ||||||
Nisshinbo Holdings, Inc. | 197,892 | 2,662,750 | ||||||
Nissin Electric Co., Ltd. | 79,200 | 734,285 | ||||||
Nitta Corp. | 35,700 | 1,327,630 | ||||||
Noevir Holdings Co., Ltd. | 47,700 | 3,440,141 | ||||||
NOF Corp. | 52,500 | 1,552,539 | ||||||
Noritake Co., Ltd. | 39,800 | 1,725,228 | ||||||
North Pacific Bank Ltd. | 443,700 | 1,481,086 | ||||||
NS Solutions Corp. | 98,200 | 2,807,033 | ||||||
NS United Kaiun Kaisha Ltd. | 58,100 | 1,185,491 | ||||||
NSD Co., Ltd. | 102,600 | 2,094,449 | ||||||
NTN Corp. | 518,000 | 2,162,595 | ||||||
Obara Group, Inc. | 12,500 | 740,480 |
See Notes to Financial Statements.
92 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 37,000 | $ | 931,697 | |||||
Ohsho Food Service Corp. | 45,400 | 2,245,454 | ||||||
Oita Bank Ltd. (The) | 41,600 | 1,535,308 | ||||||
Okamura Corp. | 70,700 | 963,940 | ||||||
Okasan Securities Group, Inc.(a) | 436,000 | 2,607,391 | ||||||
Oki Electric Industry Co., Ltd.(a) | 65,800 | 873,002 | ||||||
OKUMA Corp. | 17,200 | 1,012,431 | ||||||
Okumura Corp.(a) | 57,900 | 2,283,879 | ||||||
Okuwa Co., Ltd. | 78,000 | 799,436 | ||||||
Onoken Co., Ltd. | 90,400 | 1,577,644 | ||||||
Onward Holdings Co., Ltd. | 183,800 | 1,595,180 | ||||||
Open House Co., Ltd. | 39,900 | 2,476,164 | ||||||
OSG Corp. | 50,900 | 1,168,762 | ||||||
Paltac Corp. | 102,476 | 5,492,367 | ||||||
Paramount Bed Holdings Co., Ltd. | 33,400 | 1,705,331 | ||||||
Penta-Ocean Construction Co., Ltd. | 135,700 | 993,985 | ||||||
Plenus Co., Ltd.(a) | 61,000 | 1,183,865 | ||||||
Press Kogyo Co., Ltd. | 153,800 | 915,425 | ||||||
Raysum Co., Ltd. | 85,300 | 1,065,147 | ||||||
Rengo Co., Ltd. | 299,700 | 2,589,791 | ||||||
Resorttrust, Inc. | 72,700 | 1,526,461 | ||||||
Riso Kagaku Corp. | 50,100 | 933,221 | ||||||
Rohto Pharmaceutical Co., Ltd. | 55,000 | 1,538,552 | ||||||
Roland DG Corp. | 44,100 | 1,015,523 | ||||||
Round One Corp. | 146,700 | 2,322,922 | ||||||
Ryobi Ltd. | 55,800 | 1,470,685 | ||||||
Ryoden Corp. | 32,000 | 526,262 | ||||||
Ryosan Co., Ltd. | 44,286 | 1,596,961 | ||||||
Sac’s Bar Holdings, Inc.(a) | 55,700 | 597,590 | ||||||
Saibu Gas Co., Ltd. | 51,100 | 1,322,786 | ||||||
Saizeriya Co., Ltd. | 53,401 | 1,521,439 | ||||||
San-Ai Oil Co., Ltd. | 107,800 | 1,586,338 | ||||||
San-In Godo Bank Ltd. (The) | 104,387 | 924,613 | ||||||
Sangetsu Corp. | 83,400 | 1,728,384 | ||||||
Sankyu, Inc. | 80,000 | 3,964,269 | ||||||
Sanoh Industrial Co., Ltd. | 202,400 | 1,423,556 | ||||||
Sanrio Co., Ltd.(a) | 97,773 | 1,777,106 | ||||||
Sanshin Electronics Co., Ltd. | 64,100 | 1,313,342 | ||||||
Sanwa Holdings Corp. | 257,500 | 3,324,377 | ||||||
Sanyo Chemical Industries Ltd. | 18,000 | 843,724 | ||||||
Sanyo Denki Co., Ltd. | 29,800 | 2,303,300 | ||||||
Sanyo Housing Nagoya Co., Ltd. | 134,500 | 1,585,924 | ||||||
Sapporo Holdings Ltd. | 63,200 | 1,842,219 | ||||||
Sato Holdings Corp. | 32,600 | 1,031,490 | ||||||
Sawai Pharmaceutical Co., Ltd.(a) | 32,500 | 1,427,127 | ||||||
Seiko Holdings Corp. | 29,800 | 721,252 | ||||||
Seino Holdings Co., Ltd. | 152,283 | 2,803,668 | ||||||
Senko Group Holdings Co., Ltd.(a) | 216,200 | 1,683,250 | ||||||
Senshu Ikeda Holdings, Inc. | 360,400 | 1,355,524 | ||||||
Shibusawa Warehouse Co., Ltd. (The) | 68,200 | 1,156,867 | ||||||
Shiga Bank Ltd. (The) | 133,000 | 670,315 | ||||||
Shimachu Co., Ltd. | 65,200 | 2,084,438 | ||||||
Shinko Plantech Co., Ltd. | 143,400 | 1,290,398 | ||||||
Shinmaywa Industries Ltd. | 114,000 | 937,941 | ||||||
Ship Healthcare Holdings, Inc. | 57,400 | 2,023,977 | ||||||
Shoei Co., Ltd. | 42,600 | 1,664,344 | ||||||
Sotetsu Holdings, Inc. | 72,600 | 1,930,539 | ||||||
St. Marc Holdings Co., Ltd. | 31,400 | 909,375 | ||||||
Star Micronics Co., Ltd. | 49,100 | 914,594 | ||||||
Starts Corp., Inc. | 53,100 | 1,444,460 | ||||||
Sumitomo Bakelite Co., Ltd. | 409,000 | 3,611,199 | ||||||
Sumitomo Osaka Cement Co., Ltd.(a) | 448,000 | 1,988,303 | ||||||
Sumitomo Riko Co., Ltd. | 88,150 | 892,690 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 12,200 | 583,902 | ||||||
T-Gaia Corp. | 92,100 | 2,564,251 | ||||||
Tadano Ltd. | 68,100 | 1,021,340 | ||||||
Taiho Kogyo Co., Ltd. | 50,400 | 719,865 | ||||||
Taikisha Ltd. | 19,400 | 634,810 | ||||||
Taiyo Holdings Co., Ltd. | 44,259 | 1,901,868 | ||||||
Taiyo Yuden Co., Ltd.(a) | 59,200 | 1,003,645 | ||||||
Takara Leben Co., Ltd. | 188,300 | 814,462 | ||||||
Takasago Thermal Engineering Co., Ltd. | 139,401 | 2,561,256 | ||||||
Tamron Co., Ltd. | 47,400 | 998,364 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 373,000 | 2,286,751 | ||||||
TechnoPro Holdings, Inc. | 46,600 | 2,808,707 | ||||||
TIS, Inc. | 60,800 | 2,406,845 | ||||||
Toagosei Co., Ltd. | 147,400 | 1,736,645 | ||||||
Tocalo Co., Ltd. | 208,000 | 2,536,681 | ||||||
Toda Corp.(a) | 167,000 | 1,210,691 | ||||||
Toei Co., Ltd. | 6,700 | 729,535 | ||||||
Toho Bank Ltd. (The) | 161,272 | 617,186 | ||||||
Toho Holdings Co., Ltd. | 45,000 | 1,060,367 | ||||||
TOKAI Holdings Corp. | 218,800 | 2,217,832 | ||||||
Tokai Rika Co., Ltd. | 57,722 | 1,182,663 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 523,500 | 3,617,983 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 15,300 | 548,843 | ||||||
Tokyo Seimitsu Co., Ltd. | 46,800 | 1,890,042 | ||||||
Tokyu Construction Co., Ltd.(a) | 141,100 | 1,532,398 | ||||||
TOMONY Holdings, Inc. | 238,090 | 1,058,924 | ||||||
Topcon Corp. | 58,600 | 1,144,449 | ||||||
Toppan Forms Co., Ltd. | 112,500 | 1,258,815 | ||||||
Topy Industries Ltd. | 18,100 | 527,598 | ||||||
Toshiba Plant Systems & Services Corp. | 60,300 | 1,300,121 | ||||||
Towa Bank Ltd. (The) | 104,600 | 1,377,946 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 416,001 | 2,581,671 | ||||||
Toyo Kohan Co., Ltd. | 244,300 | 1,640,152 | ||||||
Toyo Tire & Rubber Co., Ltd. | 140,700 | 2,423,718 | ||||||
Toyobo Co., Ltd. | 110,069 | 2,172,401 | ||||||
TPR Co., Ltd. | 31,900 | 922,355 | ||||||
Trusco Nakayama Corp. | 48,600 | 1,205,061 | ||||||
TS Tech Co., Ltd. | 51,833 | 2,054,312 | ||||||
Tsubaki Nakashima Co., Ltd. | 45,300 | 1,173,924 | ||||||
Tsubakimoto Chain Co. | 59,000 | 480,433 | ||||||
Tsumura & Co. | 86,801 | 2,983,147 | ||||||
Ube Industries Ltd.(a) | 91,277 | 2,664,928 | ||||||
UKC Holdings Corp. | 37,000 | 770,268 | ||||||
Union Tool Co. | 15,100 | 533,150 | ||||||
Universal Entertainment Corp.*(a) | 37,300 | 1,709,803 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 93 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
Unizo Holdings Co., Ltd.(a) | 32,400 | $ | 785,704 | |||||
Valor Holdings Co., Ltd. | 60,000 | 1,624,824 | ||||||
Vital KSK Holdings, Inc. | 140,000 | 1,378,279 | ||||||
VT Holdings Co., Ltd.(a) | 140,900 | 719,405 | ||||||
Wacoal Holdings Corp. | 50,768 | 1,470,291 | ||||||
Wowow, Inc. | 31,000 | 975,035 | ||||||
Xebio Holdings Co., Ltd. | 46,200 | 915,746 | ||||||
YAMABIKO Corp. | 94,400 | 1,234,701 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 169,000 | 696,023 | ||||||
Yamatane Corp. | 84,600 | 1,482,787 | ||||||
Yamazen Corp. | 117,000 | 1,222,257 | ||||||
Yorozu Corp. | 39,300 | 661,836 | ||||||
Yuasa Trading Co., Ltd. | 32,948 | 1,087,423 | ||||||
Yumeshin Holdings Co., Ltd. | 163,700 | 1,810,166 | ||||||
Zenrin Co., Ltd. | 86,100 | 1,819,151 | ||||||
Zeon Corp. | 82,200 | 1,188,750 | ||||||
Zojirushi Corp.(a) | 58,200 | 834,556 | ||||||
|
| |||||||
Total Japan | 513,604,327 | |||||||
Netherlands – 1.8% | ||||||||
Accell Group | 63,042 | 1,373,871 | ||||||
Amsterdam Commodities N.V. | 48,223 | 1,263,241 | ||||||
Arcadis N.V. | 77,297 | 1,516,267 | ||||||
BE Semiconductor Industries N.V. | 100,867 | 10,302,462 | ||||||
Beter Bed Holding N.V. | 62,494 | 715,551 | ||||||
Corbion N.V. | 113,684 | 3,442,229 | ||||||
Flow Traders(b) | 90,864 | 3,868,755 | ||||||
Intertrust N.V.(b) | 123,110 | 2,549,692 | ||||||
Koninklijke BAM Groep N.V.(a) | 218,615 | 1,017,380 | ||||||
PostNL N.V. | 607,102 | 2,271,293 | ||||||
Rhi Magnesita N.V.* | 58,715 | 3,588,870 | ||||||
TKH Group N.V. CVA | 59,815 | 3,825,302 | ||||||
|
| |||||||
Total Netherlands | 35,734,913 | |||||||
New Zealand – 3.9% | ||||||||
Air New Zealand Ltd. | 3,937,836 | 9,175,635 | ||||||
Chorus Ltd. | 896,382 | 2,586,599 | ||||||
Contact Energy Ltd. | 1,541,303 | 5,837,452 | ||||||
EBOS Group Ltd. | 325,959 | 4,220,884 | ||||||
Fonterra Co-operative Group Ltd.(a) | 295,491 | 1,259,818 | ||||||
Freightways Ltd. | 339,225 | 1,852,506 | ||||||
Genesis Energy Ltd. | 5,062,594 | 8,673,866 | ||||||
Heartland Bank Ltd.(a) | 1,602,947 | 2,035,203 | ||||||
Infratil Ltd. | 1,497,694 | 3,349,352 | ||||||
Investore Property Ltd.(a) | 1,055,754 | 1,066,269 | ||||||
Kathmandu Holdings Ltd.(a) | 1,006,875 | 1,757,790 | ||||||
Kiwi Property Group Ltd. | 3,195,224 | 3,088,745 | ||||||
Mainfreight Ltd. | 113,221 | 2,009,269 | ||||||
Metro Performance Glass Ltd.(a) | 1,129,757 | 603,105 | ||||||
Michael Hill International Ltd. | 1,042,687 | 911,764 | ||||||
NZME Ltd.(a) | 966,093 | 613,306 | ||||||
NZX Ltd.(a) | 1,473,959 | 1,137,746 | ||||||
Port of Tauranga Ltd.(a) | 471,739 | 1,630,096 | ||||||
Restaurant Brands New Zealand Ltd.(a) | 389,473 | 2,014,524 | ||||||
Scales Corp., Ltd. | 407,305 | 1,325,172 | ||||||
Skellerup Holdings Ltd. | 443,161 | 581,847 | ||||||
SKY Network Television Ltd. | 1,573,538 | 2,599,493 | ||||||
SKYCITY Entertainment Group Ltd. | 1,421,962 | 4,000,632 | ||||||
Steel & Tube Holdings Ltd. | 335,399 | 488,753 | ||||||
Tegel Group Holdings Ltd.(a) | 1,631,617 | 953,409 | ||||||
Trade Me Group Ltd. | 1,283,870 | 4,102,993 | ||||||
Trustpower Ltd. | 851,642 | 3,434,352 | ||||||
Z Energy Ltd. | 1,072,725 | 5,417,045 | ||||||
|
| |||||||
Total New Zealand | 76,727,625 | |||||||
Norway – 3.2% | ||||||||
American Shipping Co. ASA* | 494,710 | 1,477,649 | ||||||
Arcus ASA(b) | 267,375 | 1,498,481 | ||||||
Atea ASA* | 283,079 | 4,586,407 | ||||||
Austevoll Seafood ASA | 895,311 | 8,952,027 | ||||||
Borregaard ASA | 173,266 | 1,633,138 | ||||||
Ekornes ASA | 118,582 | 1,661,457 | ||||||
Entra ASA(b) | 335,305 | 4,561,305 | ||||||
Europris ASA(b) | 574,496 | 1,844,019 | ||||||
Grieg Seafood ASA | 340,935 | 3,135,354 | ||||||
Norway Royal Salmon ASA | 135,055 | 2,766,142 | ||||||
Ocean Yield ASA(a) | 578,347 | 4,861,947 | ||||||
Protector Forsikring ASA | 153,681 | 1,659,945 | ||||||
Selvaag Bolig ASA | 289,689 | 1,400,302 | ||||||
SpareBank 1 Nord Norge | 275,326 | 2,174,286 | ||||||
SpareBank 1 SMN | 244,760 | 2,522,126 | ||||||
SpareBank 1 SR-Bank ASA | 393,356 | 4,318,877 | ||||||
Sparebanken Vest | 276,181 | 1,808,151 | ||||||
TGS Nopec Geophysical Co. ASA | 145,771 | 3,552,854 | ||||||
Tomra Systems ASA | 197,607 | 4,127,850 | ||||||
Veidekke ASA | 273,414 | 3,054,205 | ||||||
|
| |||||||
Total Norway | 61,596,522 | |||||||
Portugal – 1.3% | ||||||||
Altri, SGPS, S.A. | 797,108 | 5,313,354 | ||||||
CTT-Correios de Portugal S.A.(a) | 358,793 | 1,380,267 | ||||||
Mota-Engil, SGPS, S.A. | 549,294 | 2,209,047 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 2,171,713 | 6,698,572 | ||||||
Semapa-Sociedade de Investimento e Gestao | 130,701 | 2,976,954 | ||||||
Sonae Capital, SGPS, S.A. | 1,042,762 | 1,190,106 | ||||||
Sonae, SGPS, S.A. | 4,233,333 | 5,700,971 | ||||||
|
| |||||||
Total Portugal | 25,469,271 | |||||||
Singapore – 4.0% | ||||||||
Accordia Golf Trust | 1,278,200 | 628,719 | ||||||
Asian Pay Television Trust | 4,234,217 | 1,711,382 | ||||||
Boustead Singapore Ltd. | 1,386,200 | 861,552 | ||||||
Bukit Sembawang Estates Ltd.(a) | 597,700 | 2,784,982 | ||||||
Centurion Corp., Ltd.(a) | 2,312,800 | 855,417 | ||||||
China Aviation Oil Singapore Corp., Ltd.(a) | 933,900 | 1,118,145 | ||||||
Chip Eng Seng Corp., Ltd.(a) | 1,115,460 | 837,892 | ||||||
CITIC Envirotech Ltd.(a) | 1,326,000 | 717,959 | ||||||
Far East Orchard Ltd. | 1,357,500 | 1,532,144 | ||||||
GuocoLand Ltd. | 2,575,300 | 4,084,972 |
See Notes to Financial Statements.
94 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
Ho Bee Land Ltd. | 695,100 | $ | 1,335,813 | |||||
Hong Fok Corp., Ltd.(a) | 924,600 | 557,030 | ||||||
iFAST Corp., Ltd.(a) | 1,389,900 | 948,647 | ||||||
Indofood Agri Resources Ltd. | 1,576,700 | 390,778 | ||||||
Japfa Ltd.(a) | 2,605,400 | 904,032 | ||||||
Jumbo Group Ltd.(a) | 1,682,100 | 705,525 | ||||||
Keppel Infrastructure Trust | 11,003,288 | 4,489,254 | ||||||
Keppel Telecommunications & Transportation Ltd.(a) | 866,800 | 1,011,366 | ||||||
Lian Beng Group Ltd. | 2,580,000 | 1,308,396 | ||||||
OUE Ltd.(a) | 1,729,700 | 2,400,712 | ||||||
Oxley Holdings Ltd.(a) | 3,547,500 | 1,325,612 | ||||||
Q&M Dental Group Singapore Ltd.(a) | 2,187,000 | 1,025,703 | ||||||
QAF Ltd. | 1,135,000 | 874,209 | ||||||
Raffles Medical Group Ltd.(a) | 2,053,300 | 1,800,728 | ||||||
Sembcorp Marine Ltd.(a) | 2,465,700 | 4,230,782 | ||||||
Sheng Siong Group Ltd.(a) | 3,093,100 | 2,193,688 | ||||||
SIIC Environment Holdings Ltd.(a) | 3,653,100 | 1,295,426 | ||||||
Singapore Post Ltd.(a) | 5,555,300 | 5,803,982 | ||||||
UMS Holdings Ltd. | 3,766,059 | 3,360,245 | ||||||
United Engineers Ltd. | 1,236,789 | 2,461,694 | ||||||
UPP Holdings Ltd.(a) | 4,281,700 | 767,330 | ||||||
Venture Corp., Ltd. | 823,344 | 17,649,813 | ||||||
Wheelock Properties Singapore Ltd. | 1,720,700 | 2,348,855 | ||||||
Wing Tai Holdings Ltd. | 968,700 | 1,529,176 | ||||||
Yanlord Land Group Ltd. | 1,480,200 | 1,907,678 | ||||||
|
| |||||||
Total Singapore | 77,759,638 | |||||||
Spain – 1.2% | ||||||||
Applus Services S.A. | 101,202 | 1,316,822 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 20,462 | 1,056,938 | ||||||
Elecnor S.A. | 55,300 | 924,946 | ||||||
Ence Energia y Celulosa S.A. | 813,210 | 6,120,775 | ||||||
Euskaltel S.A.(b) | 112,368 | 936,277 | ||||||
Faes Farma S.A. | 484,607 | 1,770,103 | ||||||
Obrascon Huarte Lain S.A.*(a) | 198,965 | 847,386 | ||||||
Papeles y Cartones de Europa S.A. | 156,161 | 2,719,494 | ||||||
Saeta Yield S.A. | 265,510 | 3,977,228 | ||||||
Tecnicas Reunidas S.A.(a) | 135,465 | 3,996,775 | ||||||
|
| |||||||
Total Spain | 23,666,744 | |||||||
Sweden – 4.6% | ||||||||
Acando AB | 684,753 | 2,420,200 | ||||||
AddTech AB Class B | 66,806 | 1,340,140 | ||||||
AF AB Class B | 119,155 | 2,592,306 | ||||||
Alimak Group AB(b) | 63,015 | 955,594 | ||||||
Atrium Ljungberg AB Class B | 209,747 | 3,080,537 | ||||||
Avanza Bank Holding AB(a) | 41,657 | 2,189,594 | ||||||
Bergman & Beving AB | 39,232 | 396,780 | ||||||
Betsson AB* | 248,157 | 1,870,334 | ||||||
Bilia AB Class A | 319,079 | 2,819,392 | ||||||
Bravida Holding AB(b) | 164,240 | 1,170,789 | ||||||
Bulten AB | 55,086 | 736,690 | ||||||
Byggmax Group AB(a) | 110,793 | 549,017 | ||||||
Capio AB(b) | 102,722 | 518,835 | ||||||
Clas Ohlson AB Class B | 117,664 | 1,268,694 | ||||||
Com Hem Holding AB | 207,626 | 3,351,845 | ||||||
Coor Service Management Holding AB(b) | 211,784 | 1,691,784 | ||||||
Dometic Group AB(b) | 350,082 | 3,187,390 | ||||||
Duni AB | 136,361 | 1,882,234 | ||||||
Dustin Group AB(b) | 105,076 | 928,455 | ||||||
Evolution Gaming Group AB(b) | 15,737 | 859,496 | ||||||
Granges AB | 93,712 | 1,096,037 | ||||||
Hemfosa Fastigheter AB | 358,867 | 4,340,787 | ||||||
HIQ International AB* | 185,983 | 1,587,833 | ||||||
Intrum Justitia AB(a) | 103,292 | 2,919,379 | ||||||
Inwido AB | 68,529 | 610,434 | ||||||
ITAB Shop Concept AB Class B(a) | 113,422 | 488,911 | ||||||
KappAhl AB | 140,180 | 428,501 | ||||||
KNOW IT AB | 150,120 | 3,011,434 | ||||||
Kungsleden AB | 276,414 | 1,840,054 | ||||||
Lifco AB Class B | 40,303 | 1,544,785 | ||||||
Loomis AB Class B | 101,967 | 3,657,507 | ||||||
Magnolia Bostad AB(a) | 84,615 | 486,485 | ||||||
Mekonomen AB | 51,315 | 873,754 | ||||||
Modern Times Group MTG AB Class B | 141,981 | 5,743,798 | ||||||
MQ Holding AB(a) | 285,693 | 509,654 | ||||||
Mycronic AB(a) | 253,918 | 3,238,100 | ||||||
NetEnt AB* | 279,845 | 1,401,430 | ||||||
Nobia AB(a) | 275,434 | 2,471,565 | ||||||
Nobina AB(b) | 253,864 | 1,632,347 | ||||||
Nolato AB Class B | 58,431 | 4,248,994 | ||||||
Nordic Waterproofing Holding A/S(b) | 57,729 | 494,241 | ||||||
NP3 Fastigheter AB | 215,783 | 1,525,332 | ||||||
Platzer Fastigheter Holding AB Class B | 168,792 | 1,056,109 | ||||||
Resurs Holding AB(b) | 585,630 | 4,125,731 | ||||||
Rottneros AB | 753,067 | 676,203 | ||||||
Scandi Standard AB | 124,146 | 850,884 | ||||||
Thule Group AB(b) | 65,889 | 1,420,876 | ||||||
Wihlborgs Fastigheter AB | 145,557 | 3,361,361 | ||||||
|
| |||||||
Total Sweden | 89,452,632 | |||||||
Switzerland – 1.4% | ||||||||
Ascom Holding AG Registered Shares | 57,220 | 1,212,997 | ||||||
Daetwyler Holding AG Bearer Shares | 6,018 | 1,147,543 | ||||||
EFG International AG* | 565,324 | 4,516,216 | ||||||
GAM Holding AG* | 411,296 | 6,893,589 | ||||||
Implenia AG Registered Shares* | 27,205 | 2,152,025 | ||||||
Kudelski S.A. Bearer Shares(a) | 62,090 | 648,392 | ||||||
Mobilezone Holding AG Registered Shares(a) | 163,474 | 2,092,931 | ||||||
Oriflame Holding AG | 72,060 | 3,441,754 | ||||||
Tecan Group AG Registered Shares | 9,272 | 1,957,809 | ||||||
Valiant Holding AG Registered Shares | 23,257 | 2,749,261 | ||||||
Zehnder Group AG | 18,678 | 859,196 | ||||||
|
| |||||||
Total Switzerland | 27,671,713 | |||||||
United Kingdom – 15.5% | ||||||||
A.G. Barr PLC | 97,800 | 901,364 | ||||||
AA PLC | 1,566,812 | 1,769,329 | ||||||
Abcam PLC | 169,520 | 2,946,375 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 95 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
Ascential PLC | 192,692 | $ | 1,126,645 | |||||
AVEVA Group PLC | 20,832 | 558,454 | ||||||
Balfour Beatty PLC | 400,385 | 1,503,002 | ||||||
BCA Marketplace PLC | 1,292,901 | 2,938,164 | ||||||
BGEO Group PLC | 64,303 | 3,207,663 | ||||||
Big Yellow Group PLC | 264,225 | 3,161,686 | ||||||
Bodycote PLC | 121,356 | 1,523,632 | ||||||
Bovis Homes Group PLC | 185,384 | 2,962,046 | ||||||
Braemar Shipping Services PLC | 215,393 | 767,469 | ||||||
Brewin Dolphin Holdings PLC | 575,863 | 2,785,365 | ||||||
Britvic PLC | 504,929 | 4,834,246 | ||||||
Card Factory PLC | 511,709 | 1,357,408 | ||||||
Central Asia Metals PLC | 453,926 | 2,031,288 | ||||||
Chesnara PLC | 456,230 | 2,495,998 | ||||||
Cineworld Group PLC | 1,748,160 | 5,782,568 | ||||||
Clarkson PLC | 37,246 | 1,577,910 | ||||||
Clinigen Group PLC* | 65,557 | 820,313 | ||||||
CMC Markets PLC(b) | 980,112 | 2,326,333 | ||||||
Communisis PLC | 1,025,225 | 908,933 | ||||||
Computacenter PLC | 157,167 | 2,531,040 | ||||||
Concentric AB | 58,106 | 1,019,915 | ||||||
Connect Group PLC | 1,255,540 | 986,312 | ||||||
Consort Medical PLC | 107,799 | 1,693,669 | ||||||
Costain Group PLC | 238,643 | 1,554,999 | ||||||
Countryside Properties PLC(b) | 433,308 | 1,907,416 | ||||||
Cranswick PLC | 72,071 | 2,875,318 | ||||||
Crest Nicholson Holdings PLC | 570,882 | 3,638,986 | ||||||
Dairy Crest Group PLC | 342,569 | 2,460,446 | ||||||
De La Rue PLC | 91,112 | 650,563 | ||||||
Debenhams PLC(a) | 3,566,744 | 1,044,716 | ||||||
Dechra Pharmaceuticals PLC | 110,853 | 4,086,661 | ||||||
Devro PLC | 300,330 | 825,754 | ||||||
DFS Furniture PLC | 333,644 | 862,122 | ||||||
Dignity PLC(a) | 19,217 | 235,744 | ||||||
Diploma PLC | 140,950 | 2,256,038 | ||||||
Domino’s Pizza Group PLC | 785,372 | 3,641,184 | ||||||
Drax Group PLC | 122,389 | 471,453 | ||||||
Dunelm Group PLC | 515,001 | 3,807,277 | ||||||
Elegant Hotels Group PLC(a) | 1,104,277 | 1,332,209 | ||||||
Elementis PLC | 978,595 | 4,055,172 | ||||||
EMIS Group PLC | 89,834 | 1,023,275 | ||||||
Epwin Group PLC(a) | 461,106 | 508,092 | ||||||
Equiniti Group PLC(b) | 412,450 | 1,727,076 | ||||||
Essentra PLC | 447,708 | 2,661,654 | ||||||
esure Group PLC | 248,478 | 754,295 | ||||||
Euromoney Institutional Investor PLC | 145,558 | 2,499,270 | ||||||
FDM Group Holdings PLC | 156,747 | 2,242,824 | ||||||
Fenner PLC | 828,404 | 7,077,098 | ||||||
Ferrexpo PLC | 253,305 | 868,086 | ||||||
Fidessa Group PLC | 38,238 | 1,965,916 | ||||||
Galliford Try PLC | 215,344 | 2,522,406 | ||||||
Games Workshop Group PLC | 104,729 | 3,386,364 | ||||||
Gamma Communications PLC | 84,616 | 830,895 | ||||||
Gattaca PLC(a) | 199,009 | 551,360 | ||||||
Genus PLC | 56,812 | 1,856,914 | ||||||
Go-Ahead Group PLC | 113,885 | 2,802,153 | ||||||
Greggs PLC | 217,727 | 3,753,703 | ||||||
Halfords Group PLC | 314,037 | 1,436,131 | ||||||
Hastings Group Holdings PLC(b) | 835,526 | 3,066,150 | ||||||
Helical PLC | 176,621 | 800,278 | ||||||
Henry Boot PLC | 310,586 | 1,285,286 | ||||||
Hill & Smith Holdings PLC | 172,216 | 3,210,659 | ||||||
Hilton Food Group PLC | 76,721 | 893,281 | ||||||
Huntsworth PLC | 882,963 | 1,176,689 | ||||||
Ibstock PLC(b) | 541,479 | 2,142,035 | ||||||
ITE Group PLC | 440,773 | 965,810 | ||||||
J D Wetherspoon PLC | 83,306 | 1,331,054 | ||||||
James Fisher & Sons PLC | 64,114 | 1,413,843 | ||||||
James Halstead PLC | 255,671 | 1,488,419 | ||||||
John Laing Group PLC(b) | 597,662 | 2,258,650 | ||||||
John Menzies PLC | 100,673 | 886,887 | ||||||
Johnson Service Group PLC | 622,047 | 1,181,511 | ||||||
Just Group PLC | 1,024,440 | 1,957,309 | ||||||
Kcom Group PLC | 1,419,483 | 1,833,942 | ||||||
Keller Group PLC | 80,864 | 986,893 | ||||||
Kier Group PLC | 60,566 | 793,970 | ||||||
Lookers PLC | 674,958 | 825,637 | ||||||
Low & Bonar PLC | 1,105,544 | 868,480 | ||||||
M&C Saatchi PLC(a) | 130,117 | 731,938 | ||||||
Marshalls PLC | 292,034 | 1,713,220 | ||||||
Marston’s PLC | 1,446,249 | 2,047,057 | ||||||
McBride PLC* | 314,021 | 696,885 | ||||||
McCarthy & Stone PLC(b) | 918,116 | 1,861,063 | ||||||
McColl’s Retail Group PLC | 446,314 | 1,408,701 | ||||||
Millennium & Copthorne Hotels PLC | 210,757 | 1,587,640 | ||||||
Mitchells & Butlers PLC | 386,125 | 1,350,890 | ||||||
Moneysupermarket.com Group PLC | 750,868 | 3,020,915 | ||||||
Morgan Advanced Materials PLC | 383,490 | 1,712,864 | ||||||
Morgan Sindall Group PLC | 41,510 | 681,294 | ||||||
N Brown Group PLC | 446,374 | 1,105,196 | ||||||
National Express Group PLC | 1,016,876 | 5,520,453 | ||||||
NCC Group PLC | 333,353 | 879,608 | ||||||
Northgate PLC | 237,563 | 1,125,730 | ||||||
Numis Corp. PLC | 293,216 | 1,501,330 | ||||||
OneSavings Bank PLC | 329,913 | 1,726,251 | ||||||
Oxford Instruments PLC | 54,866 | 570,318 | ||||||
Pagegroup PLC | 1,163,990 | 8,760,214 | ||||||
Pan African Resources PLC | 7,444,658 | 748,789 | ||||||
PayPoint PLC | 89,346 | 1,000,170 | ||||||
Pendragon PLC | 2,360,168 | 768,116 | ||||||
Pets at Home Group PLC(a) | 1,307,562 | 3,099,879 | ||||||
Photo-Me International PLC | 1,180,895 | 2,726,697 | ||||||
Polar Capital Holdings PLC | 148,738 | 1,072,459 | ||||||
Polypipe Group PLC | 227,395 | 1,110,084 | ||||||
QinetiQ Group PLC | 610,465 | 1,766,671 | ||||||
Rank Group PLC | 811,233 | 2,349,965 | ||||||
Redde PLC | 1,047,800 | 2,472,294 | ||||||
Redrow PLC | 362,892 | 3,031,481 |
See Notes to Financial Statements.
96 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2018
Investments | Shares | Value | ||||||
Renewi PLC | 899,932 | $ | 946,818 | |||||
Restaurant Group PLC (The)(a) | 395,114 | 1,406,727 | ||||||
Ricardo PLC | 106,100 | 1,363,348 | ||||||
Rotork PLC | 1,006,917 | 4,015,747 | ||||||
RPS Group PLC | 209,970 | 751,092 | ||||||
RWS Holdings PLC | 479,761 | 2,974,699 | ||||||
Safestore Holdings PLC | 243,764 | 1,678,985 | ||||||
Savills PLC | 209,502 | 2,884,525 | ||||||
Senior PLC | 179,713 | 757,817 | ||||||
SIG PLC | 707,655 | 1,343,121 | ||||||
Soco International PLC | 1,065,265 | 1,371,817 | ||||||
Spire Healthcare Group PLC(b) | 137,759 | 404,276 | ||||||
Spirent Communications PLC | 733,119 | 1,186,796 | ||||||
St. Modwen Properties PLC | 200,476 | 1,089,476 | ||||||
SThree PLC | 329,837 | 1,494,506 | ||||||
Stock Spirits Group PLC | 518,214 | 1,806,472 | ||||||
Superdry PLC | 135,991 | 2,977,891 | ||||||
Synthomer PLC | 397,998 | 2,677,662 | ||||||
TalkTalk Telecom Group PLC(a) | 4,604,200 | 7,479,258 | ||||||
TBC Bank Group PLC | 47,072 | 1,215,000 | ||||||
Ted Baker PLC | 53,194 | 1,865,514 | ||||||
Telecom Plus PLC | 174,348 | 2,988,711 | ||||||
Thomas Cook Group PLC | 530,993 | 880,445 | ||||||
Topps Tiles PLC | 681,633 | 745,832 | ||||||
TT electronics PLC | 230,740 | 644,127 | ||||||
Tyman PLC | 135,954 | 568,335 | ||||||
U & I Group PLC | 297,467 | 815,378 | ||||||
Ultra Electronics Holdings PLC | 93,104 | 1,806,285 | ||||||
Unite Group PLC (The) | 395,128 | 4,387,170 | ||||||
Vedanta Resources PLC | 881,914 | 8,749,117 | ||||||
Vertu Motors PLC | 1,093,939 | 669,076 | ||||||
Vesuvius PLC | 603,118 | 4,936,725 | ||||||
Victrex PLC | 144,716 | 5,213,235 | ||||||
Virgin Money Holdings UK PLC | 259,827 | 957,867 | ||||||
Volution Group PLC | 364,884 | 1,005,803 | ||||||
WH Smith PLC | 170,441 | 4,657,563 | ||||||
Wincanton PLC | 165,581 | 508,687 | ||||||
Xaar PLC | 205,671 | 967,969 | ||||||
ZPG PLC(b) | 321,371 | 1,514,753 | ||||||
|
| |||||||
Total United Kingdom | 299,914,277 | |||||||
TOTAL COMMON STOCKS (Cost: $1,535,554,357) | 1,919,721,574 | |||||||
RIGHTS – 0.1% | ||||||||
Italy – 0.1% | ||||||||
Anima Holding SpA, expiring 4/12/18* | 493,118 | 188,003 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA, expiring 4/13/18* | 166,457 | 176,998 | ||||||
|
| |||||||
Total Italy | 365,001 | |||||||
United Kingdom – 0.0% | ||||||||
Galliford Try PLC, expiring 4/13/18* | 71,781 | 281,946 | ||||||
TOTAL RIGHTS (Cost: $0) | 646,947 | |||||||
EXCHANGE-TRADED FUNDS – 0.4% | ||||||||
United States – 0.4% | ||||||||
WisdomTree Europe SmallCap Dividend Fund(c) | 55,780 | 3,899,580 | ||||||
WisdomTree Japan SmallCap Dividend Fund(a)(c) | 39,593 | 3,220,099 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost: $6,949,065) | 7,119,679 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.3% | ||||||||
United States – 6.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d) | ||||||||
(Cost: $122,756,009)(e) | 122,756,009 | 122,756,009 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 105.7% (Cost: $1,665,259,431) |
| 2,050,244,209 | ||||||
Other Assets less Liabilities – (5.7)% | (109,777,090 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,940,467,119 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $180,926,916 and the total market value of the collateral held by the Fund was $191,363,123. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $68,607,114. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 97 |
Table of Contents
Schedule of Investments
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.0% | ||||||||
Japan – 99.0% | ||||||||
Air Freight & Logistics – 0.0% | ||||||||
Kintetsu World Express, Inc. | 118,000 | $ | 2,216,869 | |||||
Airlines – 0.6% | ||||||||
Japan Airlines Co., Ltd. | 981,500 | 39,518,411 | ||||||
Auto Components – 6.3% | ||||||||
Aisan Industry Co., Ltd. | 117,700 | 1,260,557 | ||||||
Aisin Seiki Co., Ltd. | 619,608 | 33,674,981 | ||||||
Bridgestone Corp. | 2,319,885 | 100,866,462 | ||||||
Daikyonishikawa Corp. | 117,100 | 1,920,286 | ||||||
Denso Corp. | 2,081,079 | 113,886,975 | ||||||
Eagle Industry Co., Ltd. | 117,200 | 2,056,372 | ||||||
Exedy Corp. | 117,400 | 3,703,592 | ||||||
FCC Co., Ltd. | 117,200 | 3,293,943 | ||||||
G-Tekt Corp. | 55,100 | 1,061,070 | ||||||
H-One Co., Ltd.(a) | 75,400 | 984,773 | ||||||
Keihin Corp. | 96,000 | 1,957,010 | ||||||
Koito Manufacturing Co., Ltd. | 131,401 | 9,118,377 | ||||||
KYB Corp. | 105,700 | 5,019,135 | ||||||
Mitsuba Corp. | 77,200 | 992,312 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 103,400 | 3,495,280 | ||||||
NGK Spark Plug Co., Ltd. | 329,464 | 7,939,974 | ||||||
NHK Spring Co., Ltd. | 390,700 | 4,132,934 | ||||||
Nifco, Inc.(a) | 257,690 | 8,795,625 | ||||||
Nissin Kogyo Co., Ltd. | 239,100 | 4,132,259 | ||||||
NOK Corp.(a) | 223,800 | 4,347,633 | ||||||
Pacific Industrial Co., Ltd. | 281,700 | 3,880,494 | ||||||
Press Kogyo Co., Ltd. | 153,300 | 912,448 | ||||||
Shoei Co., Ltd.(a) | 31,700 | 1,238,491 | ||||||
Stanley Electric Co., Ltd. | 210,707 | 7,786,352 | ||||||
Sumitomo Electric Industries Ltd. | 1,778,683 | 27,152,721 | ||||||
Sumitomo Riko Co., Ltd.(a) | 165,000 | 1,670,945 | ||||||
Sumitomo Rubber Industries Ltd. | 826,091 | 15,162,479 | ||||||
Tachi-S Co., Ltd. | 95,000 | 1,699,906 | ||||||
Taiho Kogyo Co., Ltd. | 84,500 | 1,206,916 | ||||||
Tokai Rika Co., Ltd.(a) | 117,414 | 2,405,690 | ||||||
Topre Corp. | 117,700 | 3,408,707 | ||||||
Toyo Tire & Rubber Co., Ltd. | 161,400 | 2,780,299 | ||||||
Toyoda Gosei Co., Ltd. | 306,600 | 7,132,378 | ||||||
Toyota Boshoku Corp. | 442,336 | 9,083,797 | ||||||
TPR Co., Ltd. | 64,294 | 1,858,994 | ||||||
TS Tech Co., Ltd. | 167,932 | 6,655,697 | ||||||
Unipres Corp. | 81,700 | 1,848,333 | ||||||
Yokohama Rubber Co., Ltd. (The) | 358,100 | 8,293,374 | ||||||
Yorozu Corp. | 117,800 | 1,983,825 | ||||||
|
| |||||||
Total Auto Components | 418,801,396 | |||||||
Automobiles – 14.1% | ||||||||
Honda Motor Co., Ltd. | 5,300,247 | 182,406,244 | ||||||
Isuzu Motors Ltd. | 2,024,900 | 31,073,219 | ||||||
Mazda Motor Corp. | 1,246,415 | 16,484,087 | ||||||
Mitsubishi Motors Corp.(a) | 1,353,701 | 9,686,568 | ||||||
Nissan Motor Co., Ltd.(a) | 18,858,904 | 195,770,851 | ||||||
Subaru Corp.(a) | 2,916,867 | 95,638,131 | ||||||
Suzuki Motor Corp. | 421,336 | 22,701,037 | ||||||
Toyota Motor Corp. | 5,524,970 | 354,564,365 | ||||||
Yamaha Motor Co., Ltd. | 688,600 | 20,590,014 | ||||||
|
| |||||||
Total Automobiles | 928,914,516 | |||||||
Banks – 9.1% | ||||||||
Mitsubishi UFJ Financial Group, Inc. | 34,563,922 | 226,526,127 | ||||||
Mizuho Financial Group, Inc. | 92,395,344 | 166,285,556 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 4,925,300 | 206,459,684 | ||||||
|
| |||||||
Total Banks | 599,271,367 | |||||||
Beverages – 0.9% | ||||||||
Kirin Holdings Co., Ltd. | 1,456,745 | 38,798,592 | ||||||
Suntory Beverage & Food Ltd. | 401,000 | 19,493,841 | ||||||
Takara Holdings, Inc.(a) | 146,100 | 1,622,417 | ||||||
|
| |||||||
Total Beverages | 59,914,850 | |||||||
Building Products – 1.7% | ||||||||
Aica Kogyo Co., Ltd. | 118,400 | 4,386,422 | ||||||
Asahi Glass Co., Ltd. | 501,447 | 20,769,855 | ||||||
Central Glass Co., Ltd. | 117,800 | 2,744,790 | ||||||
Daikin Industries Ltd. | 354,349 | 39,100,005 | ||||||
LIXIL Group Corp. | 762,900 | 17,044,197 | ||||||
Nitto Boseki Co., Ltd. | 117,900 | 2,501,010 | ||||||
Noritz Corp. | 106,200 | 1,919,289 | ||||||
Okabe Co., Ltd. | 125,800 | 1,179,338 | ||||||
Sanwa Holdings Corp. | 590,431 | 7,622,583 | ||||||
Sinko Industries Ltd. | 49,600 | 778,862 | ||||||
TOTO Ltd. | 322,300 | 17,001,439 | ||||||
|
| |||||||
Total Building Products | 115,047,790 | |||||||
Capital Markets – 1.0% | ||||||||
GCA Corp.(a) | 117,800 | 1,006,866 | ||||||
Monex Group, Inc. | 562,096 | 1,828,728 | ||||||
Nomura Holdings, Inc. | 10,720,145 | 62,022,616 | ||||||
|
| |||||||
Total Capital Markets | 64,858,210 | |||||||
Chemicals – 6.7% | ||||||||
ADEKA Corp. | 149,400 | 2,694,398 | ||||||
Asahi Kasei Corp. | 2,833,822 | 37,278,016 | ||||||
Chugoku Marine Paints Ltd. | 109,500 | 1,074,922 | ||||||
Daicel Corp. | 816,042 | 8,916,228 | ||||||
Denka Co., Ltd. | 228,815 | 7,670,197 | ||||||
DIC Corp. | 280,053 | 9,387,766 | ||||||
Fujimi, Inc. | 117,800 | 2,553,164 | ||||||
Hitachi Chemical Co., Ltd. | 354,615 | 8,085,956 | ||||||
JSP Corp.(a) | 70,700 | 2,217,062 | ||||||
JSR Corp. | 585,800 | 13,181,188 | ||||||
Kaneka Corp. | 864,000 | 8,570,945 | ||||||
Kansai Paint Co., Ltd.(a) | 226,200 | 5,270,556 | ||||||
KH Neochem Co., Ltd. | 83,900 | 2,520,550 | ||||||
Kumiai Chemical Industry Co., Ltd. | 118,200 | 713,535 | ||||||
Kuraray Co., Ltd. | 761,237 | 12,941,387 | ||||||
Kureha Corp. | 75,900 | 4,945,811 | ||||||
Lintec Corp. | 121,647 | 3,534,454 | ||||||
Mitsubishi Chemical Holdings Corp. | 3,230,263 | 31,300,292 |
See Notes to Financial Statements.
98 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2018
Investments | Shares | Value | ||||||
Mitsubishi Gas Chemical Co., Inc. | 450,082 | $ | 10,787,579 | |||||
Mitsui Chemicals, Inc. | 474,115 | 14,956,801 | ||||||
Nihon Nohyaku Co., Ltd.(a) | 354,900 | 2,089,021 | ||||||
Nihon Parkerizing Co., Ltd. | 140,100 | 2,289,551 | ||||||
Nippon Kayaku Co., Ltd. | 461,900 | 5,676,571 | ||||||
Nippon Paint Holdings Co., Ltd. | 336,000 | 12,337,377 | ||||||
Nippon Shokubai Co., Ltd. | 117,200 | 7,956,596 | ||||||
Nippon Soda Co., Ltd. | 500,000 | 2,830,277 | ||||||
Nissan Chemical Industries Ltd. | 160,853 | 6,685,193 | ||||||
Nitto Denko Corp. | 296,674 | 22,255,432 | ||||||
NOF Corp. | 117,500 | 3,474,730 | ||||||
Okamoto Industries, Inc. | 68,000 | 698,223 | ||||||
Osaka Soda Co., Ltd.(a) | 74,800 | 1,976,380 | ||||||
Sakata INX Corp. | 59,100 | 865,800 | ||||||
Sanyo Chemical Industries Ltd. | 117,900 | 5,526,389 | ||||||
Shin-Etsu Chemical Co., Ltd. | 521,079 | 53,920,775 | ||||||
Showa Denko K.K. | 175,131 | 7,410,338 | ||||||
Sumitomo Bakelite Co., Ltd. | 529,000 | 4,670,719 | ||||||
Sumitomo Chemical Co., Ltd. | 3,656,485 | 21,316,603 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 16,800 | 804,062 | ||||||
T Hasegawa Co., Ltd. | 55,300 | 1,047,242 | ||||||
Taiyo Holdings Co., Ltd. | 101,726 | 4,371,301 | ||||||
Taiyo Nippon Sanso Corp. | 836,253 | 12,667,641 | ||||||
Teijin Ltd. | 519,100 | 9,766,987 | ||||||
Tokai Carbon Co., Ltd. | 194,700 | 3,022,564 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 76,500 | 2,744,217 | ||||||
Toray Industries, Inc.(a) | 2,462,418 | 23,304,407 | ||||||
Tosoh Corp. | 611,507 | 12,005,892 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 1,115,000 | 6,919,605 | ||||||
Toyobo Co., Ltd. | 200,551 | 3,958,219 | ||||||
Ube Industries Ltd.(a) | 263,300 | 7,687,320 | ||||||
Zeon Corp. | 325,100 | 4,701,493 | ||||||
|
| |||||||
Total Chemicals | 443,581,732 | |||||||
Commercial Services & Supplies – 0.1% | ||||||||
Mitsubishi Pencil Co., Ltd. | 39,600 | 892,908 | ||||||
Pilot Corp. | 26,800 | 1,494,349 | ||||||
Sato Holdings Corp. | 43,900 | 1,389,032 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 3,776,289 | |||||||
Construction & Engineering – 0.9% | ||||||||
JGC Corp.(a) | 404,100 | 8,792,547 | ||||||
Kajima Corp. | 2,349,000 | 21,800,310 | ||||||
Obayashi Corp. | 1,446,700 | 15,834,121 | ||||||
Penta-Ocean Construction Co., Ltd. | 487,400 | 3,570,142 | ||||||
Sumitomo Densetsu Co., Ltd. | 57,700 | 1,155,628 | ||||||
Taikisha Ltd. | 117,700 | 3,851,397 | ||||||
Toshiba Plant Systems & Services Corp. | 118,800 | 2,561,433 | ||||||
|
| |||||||
Total Construction & Engineering | 57,565,578 | |||||||
Construction Materials – 0.1% | ||||||||
Krosaki Harima Corp. | 21,400 | 1,014,161 | ||||||
Taiheiyo Cement Corp. | 245,400 | 8,918,392 | ||||||
|
| |||||||
Total Construction Materials | 9,932,553 | |||||||
Consumer Finance – 0.0% | ||||||||
J Trust Co., Ltd.(a) | 218,900 | 1,436,692 | ||||||
Containers & Packaging – 0.1% | ||||||||
Fuji Seal International, Inc.(a) | 101,482 | 4,103,174 | ||||||
Electrical Equipment – 2.0% | ||||||||
Cosel Co., Ltd. | 67,900 | 946,195 | ||||||
Daihen Corp.(a) | 370,000 | 2,842,407 | ||||||
Fuji Electric Co., Ltd. | 1,174,869 | 7,998,168 | ||||||
Fujikura Ltd. | 213,677 | 1,450,633 | ||||||
Furukawa Electric Co., Ltd. | 100,581 | 5,400,259 | ||||||
GS Yuasa Corp. | 813,920 | 4,438,868 | ||||||
Idec Corp.(a) | 52,000 | 1,260,517 | ||||||
Mabuchi Motor Co., Ltd. | 117,800 | 5,804,156 | ||||||
Mitsubishi Electric Corp. | 3,513,714 | 56,216,120 | ||||||
Nidec Corp. | 224,458 | 34,592,070 | ||||||
Nippon Carbon Co., Ltd.(a) | 40,500 | 2,056,417 | ||||||
Nissin Electric Co., Ltd. | 168,000 | 1,557,574 | ||||||
Sanyo Denki Co., Ltd. | 56,600 | 4,374,725 | ||||||
Ushio, Inc. | 120,100 | 1,612,626 | ||||||
|
| |||||||
Total Electrical Equipment | 130,550,735 | |||||||
Electronic Equipment, Instruments & Components – 4.5% | ||||||||
Ai Holdings Corp. | 30,800 | 858,114 | ||||||
Alps Electric Co., Ltd.(a) | 121,700 | 2,984,425 | ||||||
Amano Corp. | 166,033 | 4,482,188 | ||||||
Anritsu Corp. | 266,300 | 3,290,251 | ||||||
Canon Electronics, Inc. | 168,200 | 3,740,414 | ||||||
Citizen Watch Co., Ltd. | 595,385 | 4,277,143 | ||||||
Dexerials Corp. | 391,400 | 4,066,732 | ||||||
ESPEC Corp. | 55,100 | 1,315,976 | ||||||
Hakuto Co., Ltd. | 86,419 | 1,269,266 | ||||||
Hamamatsu Photonics K.K. | 173,700 | 6,565,811 | ||||||
Hirose Electric Co., Ltd. | 84,060 | 11,555,780 | ||||||
Hitachi High-Technologies Corp. | 225,219 | 10,715,638 | ||||||
Hitachi Ltd. | 8,930,028 | 64,722,760 | ||||||
Horiba Ltd. | 81,800 | 6,337,866 | ||||||
Ibiden Co., Ltd.(a) | 136,301 | 2,028,815 | ||||||
Iriso Electronics Co., Ltd.(a) | 25,800 | 1,584,147 | ||||||
Japan Aviation Electronics Industry Ltd.(a) | 165,000 | 2,334,979 | ||||||
Keyence Corp. | 28,420 | 17,647,925 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 92,100 | 1,661,870 | ||||||
Marubun Corp. | 47,800 | 442,717 | ||||||
Murata Manufacturing Co., Ltd. | 317,556 | 43,505,321 | ||||||
Nippon Electric Glass Co., Ltd. | 198,560 | 5,899,855 | ||||||
Nissha Co., Ltd.(a) | 56,200 | 1,507,650 | ||||||
Oki Electric Industry Co., Ltd.(a) | 390,830 | 5,185,342 | ||||||
Omron Corp. | 287,400 | 16,917,010 | ||||||
Optex Group Co., Ltd. | 48,000 | 1,268,716 | ||||||
Osaki Electric Co., Ltd. | 109,000 | 797,386 | ||||||
Ryosan Co., Ltd.(a) | 169,045 | 6,095,793 | ||||||
Sanshin Electronics Co., Ltd. | 117,254 | 2,402,412 | ||||||
Satori Electric Co., Ltd. | 117,100 | 1,205,684 | ||||||
Shimadzu Corp. | 354,600 | 9,976,147 | ||||||
Siix Corp.(a) | 121,200 | 2,676,999 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 99 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2018
Investments | Shares | Value | ||||||
SMK Corp.(a) | 479,000 | $ | 1,990,766 | |||||
Sumida Corp.(a) | 117,300 | 1,517,676 | ||||||
Taiyo Yuden Co., Ltd.(a) | 108,900 | 1,846,231 | ||||||
TDK Corp. | 195,768 | 17,653,175 | ||||||
Topcon Corp. | 117,300 | 2,290,852 | ||||||
UKC Holdings Corp. | 47,100 | 980,530 | ||||||
Vitec Holdings Co., Ltd. | 74,900 | 1,540,961 | ||||||
Yaskawa Electric Corp. | 221,600 | 10,053,785 | ||||||
Yokogawa Electric Corp. | 354,238 | 7,321,252 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 294,516,360 | |||||||
Energy Equipment & Services – 0.0% | ||||||||
Modec, Inc. | 118,100 | 2,952,778 | ||||||
Food & Staples Retailing – 1.1% | ||||||||
Ministop Co., Ltd. | 117,400 | 2,405,403 | ||||||
Seven & I Holdings Co., Ltd. | 1,709,624 | 73,368,349 | ||||||
|
| |||||||
Total Food & Staples Retailing | 75,773,752 | |||||||
Food Products – 0.8% | ||||||||
Ajinomoto Co., Inc. | 617,013 | 11,168,312 | ||||||
Ariake Japan Co., Ltd. | 12,300 | 985,388 | ||||||
Fuji Oil Holdings, Inc. | 117,100 | 3,534,471 | ||||||
Kagome Co., Ltd. | 68,800 | 2,416,248 | ||||||
Kikkoman Corp.(a) | 241,900 | 9,735,139 | ||||||
Nippon Suisan Kaisha Ltd. | 327,500 | 1,699,859 | ||||||
Nisshin Oillio Group Ltd. (The) | 128,581 | 3,536,431 | ||||||
Nissin Foods Holdings Co., Ltd. | 117,600 | 8,160,677 | ||||||
Sakata Seed Corp. | 60,439 | 2,139,660 | ||||||
Toyo Suisan Kaisha Ltd. | 117,300 | 4,549,718 | ||||||
Yakult Honsha Co., Ltd. | 105,787 | 7,828,337 | ||||||
|
| |||||||
Total Food Products | 55,754,240 | |||||||
Health Care Equipment & Supplies – 1.3% | ||||||||
Asahi Intecc Co., Ltd. | 93,200 | 3,693,822 | ||||||
Hoya Corp. | 567,557 | 28,311,141 | ||||||
Jeol Ltd.(a) | 231,000 | 2,126,460 | ||||||
Nakanishi, Inc. | 129,900 | 2,645,636 | ||||||
Nihon Kohden Corp. | 122,300 | 3,405,081 | ||||||
Nikkiso Co., Ltd. | 117,700 | 1,226,249 | ||||||
Nipro Corp.(a) | 349,400 | 5,049,627 | ||||||
Olympus Corp. | 202,100 | 7,677,330 | ||||||
Sysmex Corp. | 158,760 | 14,390,657 | ||||||
Terumo Corp. | 325,056 | 17,085,689 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 85,611,692 | |||||||
Health Care Providers & Services – 0.1% | ||||||||
Miraca Holdings, Inc. | 87,800 | 3,430,268 | ||||||
Health Care Technology – 0.1% | ||||||||
M3, Inc. | 117,700 | 5,290,136 | ||||||
Hotels, Restaurants & Leisure – 0.0% | ||||||||
Saizeriya Co., Ltd. | 101,400 | 2,888,970 | ||||||
Household Durables – 2.1% | ||||||||
Alpine Electronics, Inc.(a) | 125,200 | 2,360,376 | ||||||
Casio Computer Co., Ltd.(a) | 547,557 | 8,165,730 | ||||||
Clarion Co., Ltd. | 196,000 | 611,867 | ||||||
Foster Electric Co., Ltd. | 117,196 | 2,864,057 | ||||||
Fujitsu General Ltd. | 117,100 | 2,095,358 | ||||||
JVC Kenwood Corp. | 435,400 | 1,453,380 | ||||||
Nikon Corp. | 354,800 | 6,325,348 | ||||||
Panasonic Corp. | 4,133,770 | 59,120,491 | ||||||
Rinnai Corp. | 71,200 | 6,761,824 | ||||||
Sekisui Chemical Co., Ltd. | 887,500 | 15,488,481 | ||||||
Sony Corp. | 605,000 | 29,274,377 | ||||||
Tamron Co., Ltd. | 46,600 | 981,514 | ||||||
|
| |||||||
Total Household Durables | 135,502,803 | |||||||
Household Products – 0.3% | ||||||||
Lion Corp. | 117,700 | 2,371,708 | ||||||
Pigeon Corp. | 118,700 | 5,362,985 | ||||||
Unicharm Corp. | 324,500 | 9,242,224 | ||||||
|
| |||||||
Total Household Products | 16,976,917 | |||||||
Independent Power & Renewable Electricity Producers – 0.2% | ||||||||
Electric Power Development Co., Ltd. | 503,900 | 12,707,661 | ||||||
Industrial Conglomerates – 0.1% | ||||||||
Nisshinbo Holdings, Inc. | 530,024 | 7,131,776 | ||||||
Insurance – 2.2% | ||||||||
Dai-ichi Life Holdings, Inc. | 2,624,200 | 47,931,439 | ||||||
Tokio Marine Holdings, Inc.(a) | 2,178,100 | 96,975,115 | ||||||
|
| |||||||
Total Insurance | 144,906,554 | |||||||
Internet & Catalog Retail – 0.0% | ||||||||
Rakuten, Inc. | 203,800 | 1,722,958 | ||||||
IT Services – 0.4% | ||||||||
Fujitsu Ltd. | 1,991,328 | 12,260,664 | ||||||
NTT Data Corp. | 1,602,400 | 17,056,105 | ||||||
|
| |||||||
Total IT Services | 29,316,769 | |||||||
Leisure Products – 0.7% | ||||||||
Bandai Namco Holdings, Inc. | 362,700 | 11,919,478 | ||||||
Mizuno Corp. | 82,000 | 2,490,456 | ||||||
Shimano, Inc. | 102,600 | 14,799,097 | ||||||
Tomy Co., Ltd. | 117,300 | 1,204,434 | ||||||
Yamaha Corp. | 286,407 | 12,590,059 | ||||||
|
| |||||||
Total Leisure Products | 43,003,524 | |||||||
Machinery – 8.0% | ||||||||
Aida Engineering Ltd. | 187,800 | 2,270,906 | ||||||
Amada Holdings Co., Ltd. | 1,216,193 | 14,775,001 | ||||||
Anest Iwata Corp. | 118,000 | 1,279,304 | ||||||
Asahi Diamond Industrial Co., Ltd. | 114,100 | 1,201,617 | ||||||
CKD Corp. | 54,100 | 1,204,087 | ||||||
Daifuku Co., Ltd. | 163,400 | 9,787,099 | ||||||
DMG Mori Co., Ltd. | 162,800 | 3,043,220 | ||||||
Ebara Corp. | 177,531 | 6,451,879 | ||||||
FANUC Corp. | 354,989 | 89,990,629 | ||||||
Fujitec Co., Ltd. | 117,100 | 1,541,514 | ||||||
Furukawa Co., Ltd. | 118,300 | 2,208,044 | ||||||
Glory Ltd. | 119,000 | 4,246,403 | ||||||
Harmonic Drive Systems, Inc.(a) | 49,500 | 2,843,865 | ||||||
Hino Motors Ltd.(a) | 1,047,110 | 13,479,018 |
See Notes to Financial Statements.
100 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2018
Investments | Shares | Value | ||||||
Hitachi Construction Machinery Co., Ltd.(a) | 126,500 | $ | 4,882,769 | |||||
Hitachi Zosen Corp. | 117,500 | 602,139 | ||||||
Hoshizaki Corp. | 57,169 | 5,020,766 | ||||||
Japan Steel Works Ltd. (The) | 178,400 | 5,695,045 | ||||||
JTEKT Corp. | 758,178 | 11,235,435 | ||||||
Juki Corp. | 117,700 | 1,654,551 | ||||||
Kawasaki Heavy Industries Ltd. | 269,251 | 8,709,200 | ||||||
Kito Corp. | 89,200 | 1,664,899 | ||||||
Kitz Corp. | 353,700 | 3,039,791 | ||||||
Komatsu Ltd. | 2,019,906 | 67,368,186 | ||||||
Kubota Corp. | 2,006,702 | 35,133,795 | ||||||
Kurita Water Industries Ltd. | 215,500 | 6,838,858 | ||||||
Makino Milling Machine Co., Ltd. | 366,000 | 3,434,584 | ||||||
Makita Corp. | 354,538 | 17,335,191 | ||||||
Meidensha Corp. | 586,000 | 2,237,104 | ||||||
MINEBEA MITSUMI, Inc. | 354,901 | 7,581,900 | ||||||
Mitsubishi Heavy Industries Ltd.(a) | 864,819 | 33,129,032 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd.(a) | 117,231 | 1,907,002 | ||||||
Miura Co., Ltd. | 55,600 | 1,754,001 | ||||||
Nabtesco Corp. | 203,400 | 7,851,030 | ||||||
Nachi-Fujikoshi Corp. | 679,000 | 4,124,438 | ||||||
NGK Insulators Ltd. | 502,675 | 8,668,603 | ||||||
Nissei ASB Machine Co., Ltd.(a) | 52,200 | 3,627,250 | ||||||
Nitta Corp. | 109,300 | 4,064,706 | ||||||
NSK Ltd. | 1,445,666 | 19,384,294 | ||||||
NTN Corp.(a) | 1,050,200 | 4,384,474 | ||||||
Obara Group, Inc. | 77,600 | 4,596,897 | ||||||
Oiles Corp. | 118,800 | 2,530,155 | ||||||
OKUMA Corp. | 84,800 | 4,991,519 | ||||||
OSG Corp. | 280,224 | 6,434,481 | ||||||
Ryobi Ltd. | 118,900 | 3,133,772 | ||||||
Shima Seiki Manufacturing Ltd.(a) | 56,500 | 3,926,046 | ||||||
Shinmaywa Industries Ltd. | 118,200 | 972,496 | ||||||
SMC Corp. | 63,651 | 25,777,608 | ||||||
Sodick Co., Ltd.(a) | 208,200 | 2,727,058 | ||||||
Star Micronics Co., Ltd.(a) | 117,300 | 2,184,968 | ||||||
Sumitomo Heavy Industries Ltd. | 261,937 | 9,938,089 | ||||||
Tadano Ltd. | 310,300 | 4,653,771 | ||||||
Takeuchi Manufacturing Co., Ltd. | 91,500 | 2,043,371 | ||||||
THK Co., Ltd. | 188,179 | 7,785,497 | ||||||
Toshiba Machine Co., Ltd. | 639,000 | 4,494,330 | ||||||
Tsubaki Nakashima Co., Ltd. | 167,400 | 4,338,076 | ||||||
Tsubakimoto Chain Co. | 723,000 | 5,887,334 | ||||||
Tsugami Corp.(a) | 206,000 | 2,591,707 | ||||||
Union Tool Co. | 35,700 | 1,260,494 | ||||||
YAMABIKO Corp. | 75,600 | 988,807 | ||||||
Yushin Precision Equipment Co., Ltd.(a) | 171,400 | 2,783,336 | ||||||
|
| |||||||
Total Machinery | 529,691,441 | |||||||
Marine – 0.0% | ||||||||
Iino Kaiun Kaisha Ltd. | 354,300 | 1,695,709 | ||||||
Media – 0.3% | ||||||||
Dentsu, Inc. | 407,300 | 17,885,200 | ||||||
Metals & Mining – 1.7% | ||||||||
Aichi Steel Corp. | 117,200 | 4,804,814 | ||||||
Daido Steel Co., Ltd. | 118,000 | 6,035,919 | ||||||
Hitachi Metals Ltd. | 679,318 | 8,035,562 | ||||||
JFE Holdings, Inc. | 929,062 | 18,725,382 | ||||||
Kyoei Steel Ltd.(a) | 189,800 | 3,273,091 | ||||||
Maruichi Steel Tube Ltd.(a) | 139,800 | 4,278,787 | ||||||
Mitsubishi Materials Corp. | 207,500 | 6,243,536 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 70,800 | 1,629,698 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 102,900 | 4,673,315 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 1,609,300 | 35,356,177 | ||||||
Sanyo Special Steel Co., Ltd. | 129,000 | 3,238,646 | ||||||
Sumitomo Metal Mining Co., Ltd. | 238,000 | 10,025,764 | ||||||
Topy Industries Ltd. | 117,400 | 3,422,097 | ||||||
Toyo Kohan Co., Ltd. | 115,700 | 776,773 | ||||||
UACJ Corp.(a) | 117,700 | 3,021,354 | ||||||
|
| |||||||
Total Metals & Mining | 113,540,915 | |||||||
Multiline Retail – 0.2% | ||||||||
Ryohin Keikaku Co., Ltd. | 33,800 | 11,346,121 | ||||||
Oil, Gas & Consumable Fuels – 0.1% | ||||||||
Idemitsu Kosan Co., Ltd. | 254,800 | 9,691,265 | ||||||
Paper & Forest Products – 0.1% | ||||||||
Oji Holdings Corp. | 1,530,000 | 9,840,338 | ||||||
Personal Products – 1.2% | ||||||||
Kao Corp. | 683,080 | 51,261,509 | ||||||
Kose Corp. | 56,300 | 11,789,384 | ||||||
Mandom Corp. | 117,100 | 4,040,969 | ||||||
Shiseido Co., Ltd. | 231,022 | 14,799,745 | ||||||
|
| |||||||
Total Personal Products | 81,891,607 | |||||||
Pharmaceuticals – 7.7% | ||||||||
Astellas Pharma, Inc. | 5,298,104 | 80,405,641 | ||||||
Chugai Pharmaceutical Co., Ltd. | 749,700 | 37,925,585 | ||||||
Daiichi Sankyo Co., Ltd. | 2,055,221 | 68,140,190 | ||||||
Eisai Co., Ltd.(a) | 762,677 | 48,629,175 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 117,300 | 9,088,406 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 642,570 | 14,120,227 | ||||||
Mitsubishi Tanabe Pharma Corp. | 1,104,500 | 21,601,881 | ||||||
Otsuka Holdings Co., Ltd. | 1,142,100 | 57,228,499 | ||||||
Rohto Pharmaceutical Co., Ltd. | 48,300 | 1,351,128 | ||||||
Santen Pharmaceutical Co., Ltd. | 661,600 | 10,668,961 | ||||||
Seikagaku Corp.(a) | 117,400 | 2,141,570 | ||||||
Shionogi & Co., Ltd. | 378,077 | 19,520,647 | ||||||
Sumitomo Dainippon Pharma Co., Ltd.(a) | 386,000 | 6,482,332 | ||||||
Takeda Pharmaceutical Co., Ltd.(a) | 2,581,663 | 125,818,141 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 140,300 | 2,807,319 | ||||||
|
| |||||||
Total Pharmaceuticals | 505,929,702 | |||||||
Professional Services – 0.7% | ||||||||
Outsourcing, Inc. | 70,900 | 1,268,000 | ||||||
Recruit Holdings Co., Ltd. | 1,795,600 | 44,649,405 | ||||||
Weathernews, Inc. | 53,900 | 1,710,508 | ||||||
|
| |||||||
Total Professional Services | 47,627,913 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 101 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2018
Investments | Shares | Value | ||||||
Road & Rail – 0.2% | ||||||||
Hitachi Transport System Ltd. | 117,600 | $ | 3,306,290 | |||||
Nippon Express Co., Ltd. | 161,600 | 10,818,919 | ||||||
|
| |||||||
Total Road & Rail | 14,125,209 | |||||||
Semiconductors & Semiconductor Equipment – 1.9% | ||||||||
Advantest Corp.(a) | 189,300 | 3,967,557 | ||||||
Disco Corp. | 78,600 | 16,961,636 | ||||||
Lasertec Corp. | 87,500 | 3,216,972 | ||||||
MegaChips Corp.*(a) | 65,000 | 2,340,856 | ||||||
NuFlare Technology, Inc. | 18,200 | 1,155,148 | ||||||
Rohm Co., Ltd. | 129,600 | 12,344,598 | ||||||
SCREEN Holdings Co., Ltd. | 69,460 | 6,374,515 | ||||||
Shindengen Electric Manufacturing Co., Ltd. | 23,200 | 1,533,578 | ||||||
Shinko Electric Industries Co., Ltd. | 118,400 | 887,304 | ||||||
SUMCO Corp. | 126,800 | 3,326,488 | ||||||
Tokyo Electron Ltd. | 349,953 | 65,860,924 | ||||||
Tokyo Seimitsu Co., Ltd. | 118,800 | 4,797,800 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 122,767,376 | |||||||
Software – 1.8% | ||||||||
Capcom Co., Ltd. | 233,800 | 5,054,125 | ||||||
Koei Tecmo Holdings Co., Ltd. | 230,500 | 4,503,799 | ||||||
Konami Holdings Corp. | 118,300 | 6,218,119 | ||||||
Nintendo Co., Ltd. | 166,800 | 73,495,515 | ||||||
Square Enix Holdings Co., Ltd. | 117,300 | 5,371,425 | ||||||
Trend Micro, Inc. | 354,408 | 21,161,173 | ||||||
|
| |||||||
Total Software | 115,804,156 | |||||||
Specialty Retail – 0.9% | ||||||||
ABC-Mart, Inc. | 165,800 | 10,928,613 | ||||||
Fast Retailing Co., Ltd. | 100,300 | 40,780,179 | ||||||
Honeys Holdings Co., Ltd. | 117,800 | 1,128,709 | ||||||
Sanrio Co., Ltd.(a) | 429,000 | 7,797,433 | ||||||
VT Holdings Co., Ltd.(a) | 354,000 | 1,807,447 | ||||||
|
| |||||||
Total Specialty Retail | 62,442,381 | |||||||
Technology Hardware, Storage & Peripherals – 4.7% | ||||||||
Brother Industries Ltd. | 477,543 | 11,104,503 | ||||||
Canon, Inc. | 5,092,297 | 184,491,023 | ||||||
FUJIFILM Holdings Corp. | 857,795 | 34,239,208 | ||||||
Konica Minolta, Inc.(a) | 1,430,638 | 12,268,377 | ||||||
Maxell Holdings Ltd. | 118,000 | 2,298,975 | ||||||
MCJ Co., Ltd. | 74,300 | 962,721 | ||||||
NEC Corp.(a) | 625,200 | 17,583,199 | ||||||
Ricoh Co., Ltd.(a) | 2,644,878 | 26,137,910 | ||||||
Riso Kagaku Corp. | 117,700 | 2,192,418 | ||||||
Roland DG Corp. | 34,200 | 787,549 | ||||||
Seiko Epson Corp.(a) | 930,800 | 16,550,473 | ||||||
Toshiba TEC Corp. | 159,000 | 938,900 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 309,555,256 | |||||||
Textiles, Apparel & Luxury Goods – 0.3% | ||||||||
Asics Corp. | 165,392 | 3,062,124 | ||||||
Descente Ltd. | 117,981 | 1,862,624 | ||||||
Gunze Ltd. | 24,100 | 1,366,460 | ||||||
Kurabo Industries Ltd. | 319,472 | 1,006,329 | ||||||
Onward Holdings Co., Ltd.(a) | 471,000 | 4,087,757 | ||||||
Seiko Holdings Corp. | 117,200 | 2,836,604 | ||||||
Seiren Co., Ltd. | 115,310 | 2,154,405 | ||||||
Wacoal Holdings Corp. | 157,400 | 4,558,458 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 20,934,761 | |||||||
Tobacco – 2.8% | ||||||||
Japan Tobacco, Inc. | 6,331,031 | 182,519,427 | ||||||
Trading Companies & Distributors – 8.3% | ||||||||
Alconix Corp.(a) | 117,200 | 2,346,204 | ||||||
Daiichi Jitsugyo Co., Ltd. | 30,000 | 870,240 | ||||||
Hanwa Co., Ltd. | 151,700 | 6,390,371 | ||||||
Inabata & Co., Ltd. | 99,286 | 1,508,662 | ||||||
ITOCHU Corp.(a) | 5,693,694 | 110,634,872 | ||||||
Marubeni Corp. | 5,689,978 | 41,191,482 | ||||||
MISUMI Group, Inc. | 175,700 | 4,825,761 | ||||||
Mitsubishi Corp. | 5,486,800 | 147,656,056 | ||||||
Mitsui & Co., Ltd.(a) | 6,377,889 | 109,296,687 | ||||||
Nagase & Co., Ltd. | 353,600 | 6,001,392 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 118,400 | 6,557,367 | ||||||
Sojitz Corp.(a) | 3,535,421 | 11,335,953 | ||||||
Sumitomo Corp.(a) | 4,310,677 | 72,594,476 | ||||||
Toyota Tsusho Corp. | 773,010 | 26,203,113 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 547,412,636 | |||||||
Wireless Telecommunication Services – 0.6% | ||||||||
SoftBank Group Corp. | 532,600 | 39,813,540 | ||||||
TOTAL COMMON STOCKS (Cost: $5,778,621,088) | 6,541,492,273 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.9% | ||||||||
United States – 5.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) | ||||||||
(Cost: $391,503,379)(c) | 391,503,379 | 391,503,379 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 104.9% (Cost: $6,170,124,467) | 6,932,995,652 | |||||||
Other Assets less Liabilities – (4.9)% | (325,995,973 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 6,606,999,679 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $542,027,489 and the total market value of the collateral held by the Fund was $575,194,221. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $183,690,842. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower. |
See Notes to Financial Statements.
102 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2018
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 | 4/4/2018 | 34,940,762,371 | JPY | 328,591,361 | USD | $ | — | $ | (25,536 | ) | ||||||||||||||||||
BNP Paribas SA | 4/4/2018 | 379,684,796 | USD | 40,539,135,511 | JPY | — | (1,525,390 | ) | ||||||||||||||||||||
BNP Paribas SA | 5/7/2018 | 328,591,361 | USD | 34,868,307,976 | JPY | 111,439 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 7,752,071,192 | JPY | 73,213,420 | USD | — | (316,737 | ) | ||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 41,966,374,240 | JPY | 394,309,633 | USD | 321,607 | — | |||||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 455,621,755 | USD | 48,650,744,252 | JPY | — | (1,866,028 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/7/2018 | 394,309,633 | USD | 41,881,203,359 | JPY | — | (235,879 | ) | ||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 34,955,548,983 | JPY | 328,591,361 | USD | 113,510 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 379,684,796 | USD | 40,549,880,591 | JPY | — | (1,626,431 | ) | ||||||||||||||||||||
Bank of Montreal | 5/7/2018 | 328,591,361 | USD | 34,883,850,348 | JPY | — | (34,979 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 48,923,967,696 | JPY | 460,027,905 | USD | 29,138 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 531,558,714 | USD | 56,759,042,142 | JPY | — | (2,175,534 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/7/2018 | 460,027,905 | USD | 48,823,911,627 | JPY | 78,007 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 34,945,691,242 | JPY | 328,591,361 | USD | 20,813 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 379,684,796 | USD | 40,569,130,610 | JPY | — | (1,807,449 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 5/7/2018 | 328,591,361 | USD | 34,874,715,508 | JPY | 51,076 | — | |||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 34,945,691,242 | JPY | 328,591,361 | USD | 20,813 | — | |||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 379,684,796 | USD | 40,519,581,744 | JPY | — | (1,341,516 | ) | ||||||||||||||||||||
Citibank N.A. | 5/7/2018 | 328,591,361 | USD | 34,874,386,917 | JPY | 54,172 | — | |||||||||||||||||||||
Commonwealth Bank of Australia | 4/4/2018 | 20,963,471,585 | JPY | 197,154,816 | USD | — | (24,591 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 4/4/2018 | 227,810,877 | USD | 24,334,302,259 | JPY | — | (1,016,989 | ) | ||||||||||||||||||||
Commonwealth Bank of Australia | 5/7/2018 | 197,154,816 | USD | 20,920,491,835 | JPY | 71,507 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 3,117,163,855 | JPY | 29,285,368 | USD | 26,915 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 2,474,102,816 | JPY | 23,428,294 | USD | — | (163,042 | ) | ||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 34,982,000,587 | JPY | 328,591,361 | USD | 362,248 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 379,684,796 | USD | 40,545,590,152 | JPY | — | (1,586,086 | ) | ||||||||||||||||||||
Credit Suisse International | 5/7/2018 | 1,760,985,796 | JPY | 16,595,523 | USD | — | (6,003 | ) | ||||||||||||||||||||
Credit Suisse International | 5/7/2018 | 328,591,361 | USD | 34,910,696,262 | JPY | — | (287,884 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 2,773,645,296 | JPY | 26,356,831 | USD | — | (274,828 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 2,148,186,040 | JPY | 20,499,758 | USD | — | (299,268 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 41,924,104,247 | JPY | 394,309,633 | USD | — | (75,879 | ) | ||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 455,621,755 | USD | 48,686,601,684 | JPY | — | (2,203,214 | ) | ||||||||||||||||||||
Goldman Sachs | 5/7/2018 | 394,309,633 | USD | 41,838,539,057 | JPY | 166,044 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/4/2018 | 34,962,120,810 | JPY | 328,591,361 | USD | 175,308 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/4/2018 | 379,684,796 | USD | 40,505,723,249 | JPY | — | (1,211,197 | ) | ||||||||||||||||||||
HSBC Holdings PLC | 5/7/2018 | 328,591,361 | USD | 34,890,323,598 | JPY | — | (95,961 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/4/2018 | 17,964,541,406 | JPY | 169,855,134 | USD | — | (925,381 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/4/2018 | 34,937,673,613 | JPY | 328,591,361 | USD | — | (54,581 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/4/2018 | 379,684,796 | USD | 40,534,769,136 | JPY | — | (1,484,330 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 5/7/2018 | 328,591,361 | USD | 34,866,040,696 | JPY | 132,798 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/4/2018 | 34,945,691,242 | JPY | 328,591,361 | USD | 20,813 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 4/4/2018 | 379,684,796 | USD | 40,534,769,136 | JPY | — | (1,484,330 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 5/7/2018 | 328,591,361 | USD | 34,874,058,325 | JPY | 57,267 | — | |||||||||||||||||||||
Nomura International PLC | 4/4/2018 | 34,935,833,501 | JPY | 328,591,361 | USD | — | (71,885 | ) | ||||||||||||||||||||
Nomura International PLC | 4/4/2018 | 379,684,796 | USD | 40,549,766,685 | JPY | — | (1,625,360 | ) | ||||||||||||||||||||
Nomura International PLC | 5/7/2018 | 328,591,361 | USD | 34,864,200,584 | JPY | 150,133 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 41,956,910,808 | JPY | 394,309,633 | USD | 232,617 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 455,621,755 | USD | 48,645,595,726 | JPY | — | (1,817,614 | ) | ||||||||||||||||||||
Royal Bank of Canada | 5/7/2018 | 394,309,633 | USD | 41,870,359,844 | JPY | — | (133,727 | ) | ||||||||||||||||||||
Societe Generale | 4/4/2018 | 34,962,120,810 | JPY | 328,591,361 | USD | 175,308 | — | |||||||||||||||||||||
Societe Generale | 4/4/2018 | 379,684,796 | USD | 40,542,552,674 | JPY | — | (1,557,523 | ) | ||||||||||||||||||||
Societe Generale | 5/7/2018 | 328,591,361 | USD | 34,890,487,893 | JPY | — | (97,509 | ) | ||||||||||||||||||||
Standard Chartered Bank | 4/4/2018 | 34,945,691,242 | JPY | 328,591,361 | USD | 20,813 | — | |||||||||||||||||||||
Standard Chartered Bank | 4/4/2018 | 379,684,796 | USD | 40,526,226,228 | JPY | — | (1,403,997 | ) | ||||||||||||||||||||
Standard Chartered Bank | 5/7/2018 | 328,591,361 | USD | 34,873,894,029 | JPY | 58,815 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/2/2018 | 2,512,799 | USD | 267,500,000 | JPY | — | (2,481 | ) |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 103 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan Hedged Equity Fund (DXJ)
March 31, 2018
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 | 4/4/2018 | 41,084,348,349 | JPY | 386,376,210 | USD | $ | — | $ | (39,110 | ) | ||||||||||||||||||
State Street Bank and Trust | 4/4/2018 | 41,962,432,101 | JPY | 394,309,642 | USD | 284,528 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/4/2018 | 455,621,755 | USD | 48,641,039,509 | JPY | — | (1,774,770 | ) | ||||||||||||||||||||
State Street Bank and Trust | 5/7/2018 | 394,309,642 | USD | 41,876,157,151 | JPY | — | (188,332 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 5,630,420,037 | JPY | 52,713,662 | USD | 232,052 | — | |||||||||||||||||||||
UBS AG | 4/4/2018 | 3,438,966,435 | JPY | 32,213,905 | USD | 124,452 | — | |||||||||||||||||||||
UBS AG | 4/4/2018 | 3,723,021,933 | JPY | 35,142,442 | USD | — | (132,966 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 2,475,970,051 | JPY | 23,428,294 | USD | — | (145,484 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 7,781,122,278 | JPY | 73,213,420 | USD | — | (43,555 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 3,382,005,808 | JPY | 32,213,905 | USD | — | (411,178 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 4,644,020,943 | JPY | 43,928,052 | USD | — | (257,952 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 41,930,886,373 | JPY | 394,309,633 | USD | — | (12,104 | ) | ||||||||||||||||||||
UBS AG | 4/4/2018 | 455,621,759 | USD | 48,569,051,698 | JPY | — | (1,097,828 | ) | ||||||||||||||||||||
UBS AG | 5/7/2018 | 394,309,633 | USD | 41,844,138,253 | JPY | 113,296 | — | |||||||||||||||||||||
Wells Fargo Bank N.A. | 4/4/2018 | 34,962,120,810 | JPY | 328,591,361 | USD | 175,308 | — | |||||||||||||||||||||
Wells Fargo Bank N.A. | 4/4/2018 | 379,684,796 | USD | 40,546,083,743 | JPY | — | (1,590,727 | ) | ||||||||||||||||||||
Wells Fargo Bank N.A. | 5/7/2018 | 328,591,361 | USD | 34,890,586,471 | JPY | — | (98,438 | ) | ||||||||||||||||||||
$ | 3,380,797 | $ | (34,651,583 | ) |
CURRENCY LEGEND |
JPY – Japanese yen
USD – U.S. dollar
See Notes to Financial Statements.
104 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree Japan Hedged Financials Fund (DXJF)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.6% | ||||||||
Japan – 98.6% | ||||||||
Banks – 49.5% | ||||||||
77 Bank Ltd. (The) | 9,583 | $ | 225,721 | |||||
Akita Bank Ltd. (The) | 2,030 | 54,305 | ||||||
Aomori Bank Ltd. (The) | 2,500 | 75,693 | ||||||
Aozora Bank Ltd. | 13,763 | 548,061 | ||||||
Awa Bank Ltd. (The) | 30,000 | 192,384 | ||||||
Bank of Iwate Ltd. (The) | 2,700 | 106,883 | ||||||
Bank of Kyoto Ltd. (The) | 9,203 | 514,018 | ||||||
Bank of Nagoya Ltd. (The)(a) | 2,470 | 91,856 | ||||||
Bank of Okinawa Ltd. (The) | 2,764 | 116,694 | ||||||
Bank of the Ryukyus Ltd. | 6,200 | 94,210 | ||||||
Chiba Bank Ltd. (The) | 95,781 | 770,031 | ||||||
Chugoku Bank Ltd. (The) | 23,250 | 273,928 | ||||||
Concordia Financial Group Ltd. | 146,800 | 810,264 | ||||||
Daishi Bank Ltd. (The) | 4,065 | 179,647 | ||||||
Fukui Bank Ltd. (The) | 2,700 | 59,154 | ||||||
Fukuoka Financial Group, Inc. | 101,133 | 544,891 | ||||||
Gunma Bank Ltd. (The) | 55,250 | 313,785 | ||||||
Hachijuni Bank Ltd. (The) | 63,509 | 340,387 | ||||||
Hiroshima Bank Ltd. (The) | 27,100 | 204,110 | ||||||
Hokkoku Bank Ltd. (The) | 3,570 | 138,805 | ||||||
Hokuetsu Bank Ltd. (The) | 3,200 | 69,807 | ||||||
Hokuhoku Financial Group, Inc.(a) | 12,380 | 167,977 | ||||||
Hyakugo Bank Ltd. (The) | 34,490 | 163,126 | ||||||
Hyakujushi Bank Ltd. (The) | 40,390 | 137,102 | ||||||
Iyo Bank Ltd. (The) | 30,250 | 227,835 | ||||||
Japan Post Bank Co., Ltd. | 47,486 | 637,612 | ||||||
Juroku Bank Ltd. (The) | 3,475 | 92,634 | ||||||
Keiyo Bank Ltd. (The) | 35,350 | 157,887 | ||||||
Kiyo Bank Ltd. (The) | 8,920 | 141,579 | ||||||
Kyushu Financial Group, Inc. | 57,700 | 285,380 | ||||||
Mebuki Financial Group, Inc. | 109,462 | 420,968 | ||||||
Minato Bank Ltd. (The) | 3,350 | 66,150 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 249,320 | 1,634,001 | ||||||
Miyazaki Bank Ltd. (The) | 2,500 | 77,692 | ||||||
Mizuho Financial Group, Inc. | 884,679 | 1,592,173 | ||||||
Musashino Bank Ltd. (The) | 4,250 | 134,074 | ||||||
Nanto Bank Ltd. (The) | 3,142 | 84,732 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 19,634 | 227,817 | ||||||
North Pacific Bank Ltd. | 40,600 | 135,524 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 4,705 | 118,477 | ||||||
Oita Bank Ltd. (The) | 2,380 | 87,837 | ||||||
Resona Holdings, Inc. | 254,450 | 1,344,625 | ||||||
San-In Godo Bank Ltd. (The) | 20,470 | 181,314 | ||||||
Senshu Ikeda Holdings, Inc. | 36,330 | 136,643 | ||||||
Seven Bank Ltd.(a) | 87,570 | 279,137 | ||||||
Shiga Bank Ltd. (The) | 34,340 | 173,072 | ||||||
Shikoku Bank Ltd. (The) | 6,000 | 84,513 | ||||||
Shinsei Bank Ltd. | 24,435 | 375,888 | ||||||
Shizuoka Bank Ltd. (The) | 68,740 | 650,235 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 40,940 | 1,716,131 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 43,561 | 1,764,149 | ||||||
Suruga Bank Ltd. | 25,000 | 345,322 | ||||||
Toho Bank Ltd. (The) | 31,300 | 119,785 | ||||||
Tokyo TY Financial Group, Inc. | 3,100 | 73,776 | ||||||
TOMONY Holdings, Inc. | 20,700 | 92,065 | ||||||
Yamagata Bank Ltd. (The)(a) | 4,060 | 89,866 | ||||||
Yamaguchi Financial Group, Inc.(a) | 29,511 | 357,406 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 24,700 | 101,726 | ||||||
|
| |||||||
Total Banks | 20,200,864 | |||||||
Capital Markets – 12.6% | ||||||||
Daiwa Securities Group, Inc. | 191,330 | 1,221,022 | ||||||
Japan Exchange Group, Inc. | 62,180 | 1,151,806 | ||||||
Matsui Securities Co., Ltd. | 15,600 | 141,405 | ||||||
Monex Group, Inc. | 31,800 | 103,458 | ||||||
Nomura Holdings, Inc. | 276,561 | 1,600,075 | ||||||
Okasan Securities Group, Inc.(a) | 28,700 | 171,633 | ||||||
SBI Holdings, Inc.(a) | 23,950 | 547,911 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 29,950 | 206,989 | ||||||
|
| |||||||
Total Capital Markets | 5,144,299 | |||||||
Consumer Finance – 3.8% | ||||||||
Acom Co., Ltd.*(a) | 63,050 | 281,013 | ||||||
AEON Financial Service Co., Ltd.(a) | 14,750 | 339,104 | ||||||
Aiful Corp.*(a) | 45,000 | 148,942 | ||||||
Credit Saison Co., Ltd. | 21,450 | 352,357 | ||||||
Hitachi Capital Corp. | 6,750 | 170,162 | ||||||
J Trust Co., Ltd.(a) | 8,300 | 54,475 | ||||||
Jaccs Co., Ltd. | 3,880 | 85,152 | ||||||
Orient Corp.(a) | 79,600 | 124,995 | ||||||
|
| |||||||
Total Consumer Finance | 1,556,200 | |||||||
Diversified Financial Services – 4.3% | ||||||||
Financial Products Group Co., Ltd. | 9,000 | 116,699 | ||||||
Fuyo General Lease Co., Ltd. | 3,067 | 206,774 | ||||||
IBJ Leasing Co., Ltd. | 5,632 | 158,872 | ||||||
Japan Securities Finance Co., Ltd. | 16,300 | 100,084 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 66,400 | 389,597 | ||||||
Ricoh Leasing Co., Ltd. | 2,600 | 86,055 | ||||||
Tokyo Century Corp. | 6,720 | 416,406 | ||||||
Zenkoku Hosho Co., Ltd.(a) | 6,300 | 276,643 | ||||||
|
| |||||||
Total Diversified Financial Services | 1,751,130 | |||||||
Insurance – 28.4% | ||||||||
Dai-ichi Life Holdings, Inc. | 96,140 | 1,756,013 | ||||||
Japan Post Holdings Co., Ltd. | 57,159 | 688,488 | ||||||
Japan Post Insurance Co., Ltd.(a) | 8,767 | 205,676 | ||||||
MS&AD Insurance Group Holdings, Inc. | 56,160 | 1,771,667 | ||||||
Sompo Holdings, Inc. | 46,200 | 1,860,163 | ||||||
Sony Financial Holdings, Inc.(a) | 20,700 | 376,824 | ||||||
T&D Holdings, Inc. | 73,510 | 1,167,105 | ||||||
Tokio Marine Holdings, Inc. | 84,540 | 3,763,958 | ||||||
|
| |||||||
Total Insurance | 11,589,894 | |||||||
TOTAL COMMON STOCKS (Cost: $43,101,055) | 40,242,387 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 105 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan Hedged Financials Fund (DXJF)
March 31, 2018
Investments | Shares | Value | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.0% | ||||||||
United States – 5.0% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) | ||||||||
(Cost: $2,035,345)(c) | 2,035,345 | $ | 2,035,345 | |||||
TOTAL INVESTMENTS IN SECURITIES – 103.6% (Cost: $45,136,400) | 42,277,732 | |||||||
Other Assets less Liabilities – (3.6)% | (1,460,687 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 40,817,045 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $3,238,508 and the total market value of the collateral held by the Fund was $3,391,162. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,355,817. |
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. | 4/4/2018 | 949,916,192 | JPY | 8,933,762 | USD | $ | — | $ | (1,215 | ) | ||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 8,933,762 | USD | 950,970,376 | JPY | — | (8,698 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/7/2018 | 8,562,841 | USD | 908,634,741 | JPY | 2,969 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 8,933,762 | USD | 950,956,976 | JPY | — | (8,572 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 949,932,273 | JPY | 8,933,762 | USD | — | (1,064 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 8,933,762 | USD | 950,958,762 | JPY | — | (8,588 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/7/2018 | 8,562,841 | USD | 908,665,567 | JPY | 2,678 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 8,933,762 | USD | 951,141,905 | JPY | — | (10,311 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 949,943,887 | JPY | 8,933,762 | USD | — | (955 | ) | ||||||||||||||||||||
Citibank N.A. | 5/7/2018 | 8,562,841 | USD | 908,669,848 | JPY | 2,638 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 949,929,593 | JPY | 8,933,762 | USD | — | (1,089 | ) | ||||||||||||||||||||
Credit Suisse International | 5/7/2018 | 8,562,841 | USD | 908,654,435 | JPY | 2,783 | — | |||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 723,749,200 | JPY | 6,806,677 | USD | — | (894 | ) | ||||||||||||||||||||
Goldman Sachs | 5/7/2018 | 6,524,073 | USD | 692,326,797 | JPY | 1,948 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 6,806,677 | USD | 724,537,413 | JPY | — | (6,518 | ) | ||||||||||||||||||||
$ | 13,016 | $ | (47,904 | ) |
CURRENCY LEGEND |
JPY – Japanese yen
USD – U.S. dollar
See Notes to Financial Statements.
106 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.0% | ||||||||
Japan – 99.0% | ||||||||
Auto Components – 6.2% | ||||||||
Aisin Seiki Co., Ltd. | 1,581 | $ | 85,926 | |||||
Bridgestone Corp. | 5,692 | 247,483 | ||||||
Denso Corp. | 5,064 | 277,127 | ||||||
Koito Manufacturing Co., Ltd. | 400 | 27,757 | ||||||
NGK Spark Plug Co., Ltd. | 877 | 21,135 | ||||||
Nifco, Inc. | 800 | 27,306 | ||||||
NOK Corp. | 616 | 11,967 | ||||||
Stanley Electric Co., Ltd. | 476 | 17,590 | ||||||
Sumitomo Electric Industries Ltd. | 4,391 | 67,031 | ||||||
Sumitomo Rubber Industries Ltd. | 1,822 | 33,442 | ||||||
Topre Corp. | 200 | 5,792 | ||||||
TS Tech Co., Ltd. | 500 | 19,817 | ||||||
Yokohama Rubber Co., Ltd. (The) | 800 | 18,528 | ||||||
|
| |||||||
Total Auto Components | 860,901 | |||||||
Automobiles – 11.4% | ||||||||
Isuzu Motors Ltd. | 5,088 | 78,078 | ||||||
Mazda Motor Corp. | 2,483 | 32,838 | ||||||
Nissan Motor Co., Ltd. | 45,284 | 470,085 | ||||||
Subaru Corp. | 7,100 | 232,795 | ||||||
Suzuki Motor Corp. | 1,258 | 67,779 | ||||||
Toyota Motor Corp. | 10,111 | 648,872 | ||||||
Yamaha Motor Co., Ltd. | 1,715 | 51,281 | ||||||
|
| |||||||
Total Automobiles | 1,581,728 | |||||||
Banks – 0.1% | ||||||||
Seven Bank Ltd. | 6,500 | 20,719 | ||||||
Beverages – 0.7% | ||||||||
Asahi Group Holdings Ltd. | 1,774 | 94,530 | ||||||
Building Products – 1.2% | ||||||||
Aica Kogyo Co., Ltd. | 648 | 24,007 | ||||||
Daikin Industries Ltd. | 986 | 108,798 | ||||||
Nichias Corp. | 1,000 | 12,713 | ||||||
Sanwa Holdings Corp. | 1,474 | 19,030 | ||||||
|
| |||||||
Total Building Products | 164,548 | |||||||
Capital Markets – 1.6% | ||||||||
Ichigo, Inc.(a) | 2,300 | 10,121 | ||||||
Nomura Holdings, Inc. | 31,100 | 179,933 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 4,800 | 33,173 | ||||||
|
| |||||||
Total Capital Markets | 223,227 | |||||||
Chemicals – 6.5% | ||||||||
Air Water, Inc. | 1,044 | 20,379 | ||||||
Asahi Kasei Corp. | 9,383 | 123,430 | ||||||
Daicel Corp. | 1,800 | 19,667 | ||||||
DIC Corp. | 694 | 23,264 | ||||||
Hitachi Chemical Co., Ltd. | 400 | 9,121 | ||||||
Kansai Paint Co., Ltd. | 597 | 13,910 | ||||||
Kuraray Co., Ltd. | 2,500 | 42,501 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 1,500 | 35,952 | ||||||
Mitsui Chemicals, Inc. | 1,400 | 44,165 | ||||||
Nihon Parkerizing Co., Ltd. | 431 | 7,044 | ||||||
Nippon Kayaku Co., Ltd. | 1,000 | 12,290 | ||||||
Nippon Paint Holdings Co., Ltd. | 859 | 31,541 | ||||||
Nippon Shokubai Co., Ltd. | 300 | 20,367 | ||||||
Nissan Chemical Industries Ltd. | 600 | 24,937 | ||||||
Nitto Denko Corp. | 800 | 60,013 | ||||||
NOF Corp. | 349 | 10,321 | ||||||
Shin-Etsu Chemical Co., Ltd. | 1,670 | 172,810 | ||||||
Sumitomo Chemical Co., Ltd. | 11,000 | 64,128 | ||||||
Taiyo Holdings Co., Ltd. | 100 | 4,297 | ||||||
Taiyo Nippon Sanso Corp. | 2,200 | 33,326 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 200 | 7,174 | ||||||
Toray Industries, Inc. | 7,400 | 70,034 | ||||||
Tosoh Corp. | 2,000 | 39,267 | ||||||
Zeon Corp. | 1,554 | 22,473 | ||||||
|
| |||||||
Total Chemicals | 912,411 | |||||||
Commercial Services & Supplies – 0.8% | ||||||||
Aeon Delight Co., Ltd. | 300 | 10,860 | ||||||
Park24 Co., Ltd. | 705 | 18,906 | ||||||
Secom Co., Ltd. | 910 | 67,769 | ||||||
Sohgo Security Services Co., Ltd. | 200 | 9,892 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 107,427 | |||||||
Construction & Engineering – 1.8% | ||||||||
Hazama Ando Corp. | 1,700 | 12,804 | ||||||
Kajima Corp. | 7,332 | 68,046 | ||||||
Kyudenko Corp. | 400 | 19,671 | ||||||
Maeda Corp. | 600 | 7,080 | ||||||
Maeda Road Construction Co., Ltd. | 790 | 15,971 | ||||||
Nippo Corp. | 691 | 16,029 | ||||||
SHO-BOND Holdings Co., Ltd. | 200 | 14,763 | ||||||
Taisei Corp. | 1,400 | 71,086 | ||||||
Toda Corp. | 2,000 | 14,499 | ||||||
Toshiba Plant Systems & Services Corp. | 600 | 12,937 | ||||||
|
| |||||||
Total Construction & Engineering | 252,886 | |||||||
Construction Materials – 0.2% | ||||||||
Sumitomo Osaka Cement Co., Ltd.(a) | 2,664 | 11,823 | ||||||
Taiheiyo Cement Corp. | 579 | 21,042 | ||||||
|
| |||||||
Total Construction Materials | 32,865 | |||||||
Diversified Financial Services – 0.1% | ||||||||
Zenkoku Hosho Co., Ltd. | 200 | 8,782 | ||||||
Electric Utilities – 0.2% | ||||||||
Tohoku Electric Power Co., Inc. | 2,700 | 36,076 | ||||||
Electrical Equipment – 2.4% | ||||||||
Fuji Electric Co., Ltd. | 4,000 | 27,231 | ||||||
Mabuchi Motor Co., Ltd. | 300 | 14,781 | ||||||
Mitsubishi Electric Corp. | 10,610 | 169,750 | ||||||
Nidec Corp. | 738 | 113,736 | ||||||
Nissin Electric Co., Ltd. | 400 | 3,709 | ||||||
|
| |||||||
Total Electrical Equipment | 329,207 | |||||||
Electronic Equipment, Instruments & Components – 3.5% | ||||||||
Ai Holdings Corp. | 200 | 5,572 | ||||||
Alps Electric Co., Ltd. | 236 | 5,787 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 107 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
March 31, 2018
Investments | Shares | Value | ||||||
Amano Corp. | 500 | $ | 13,498 | |||||
Citizen Watch Co., Ltd. | 2,100 | 15,086 | ||||||
Hamamatsu Photonics K.K. | 500 | 18,900 | ||||||
Hirose Electric Co., Ltd. | 241 | 33,131 | ||||||
Hitachi High-Technologies Corp. | 700 | 33,305 | ||||||
Horiba Ltd. | 200 | 15,496 | ||||||
Japan Aviation Electronics Industry Ltd. | 1,000 | 14,151 | ||||||
Keyence Corp. | 36 | 22,355 | ||||||
Murata Manufacturing Co., Ltd. | 881 | 120,698 | ||||||
Oki Electric Industry Co., Ltd. | 500 | 6,634 | ||||||
Omron Corp. | 900 | 52,976 | ||||||
Shimadzu Corp. | 780 | 21,944 | ||||||
TDK Corp. | 600 | 54,104 | ||||||
Yaskawa Electric Corp. | 840 | 38,110 | ||||||
Yokogawa Electric Corp. | 1,045 | 21,598 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 493,345 | |||||||
Energy Equipment & Services – 0.0% | ||||||||
Modec, Inc. | 200 | 5,000 | ||||||
Food & Staples Retailing – 2.6% | ||||||||
Create SD Holdings Co., Ltd. | 300 | 7,802 | ||||||
FamilyMart UNY Holdings Co., Ltd. | 577 | 48,612 | ||||||
Kobe Bussan Co., Ltd. | 100 | 4,523 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. | 600 | 25,388 | ||||||
Seven & I Holdings Co., Ltd. | 4,985 | 213,931 | ||||||
Sugi Holdings Co., Ltd. | 100 | 5,538 | ||||||
Sundrug Co., Ltd. | 450 | 20,797 | ||||||
Tsuruha Holdings, Inc. | 100 | 14,264 | ||||||
Valor Holdings Co., Ltd. | 100 | 2,708 | ||||||
Welcia Holdings Co., Ltd.(a) | 200 | 8,980 | ||||||
Yaoko Co., Ltd. | 200 | 10,776 | ||||||
|
| |||||||
Total Food & Staples Retailing | 363,319 | |||||||
Food Products – 1.3% | ||||||||
Ajinomoto Co., Inc. | 1,669 | 30,210 | ||||||
Calbee, Inc.(a) | 200 | 6,620 | ||||||
Ezaki Glico Co., Ltd. | 223 | 11,680 | ||||||
Kewpie Corp. | 500 | 13,573 | ||||||
Kikkoman Corp. | 572 | 23,020 | ||||||
MEIJI Holdings Co., Ltd. | 400 | 30,465 | ||||||
Morinaga & Co., Ltd. | 100 | 4,405 | ||||||
NH Foods Ltd. | 308 | 12,627 | ||||||
Toyo Suisan Kaisha Ltd. | 500 | 19,394 | ||||||
Yakult Honsha Co., Ltd. | 364 | 26,936 | ||||||
|
| |||||||
Total Food Products | 178,930 | |||||||
Gas Utilities – 0.1% | ||||||||
Nippon Gas Co., Ltd. | 200 | 9,347 | ||||||
Health Care Equipment & Supplies – 1.8% | ||||||||
Hoya Corp. | 1,695 | 84,551 | ||||||
Nakanishi, Inc. | 600 | 12,220 | ||||||
Nihon Kohden Corp. | 400 | 11,137 | ||||||
Olympus Corp. | 700 | 26,591 | ||||||
Paramount Bed Holdings Co., Ltd. | 200 | 10,212 | ||||||
Sysmex Corp. | 528 | 47,860 | ||||||
Terumo Corp. | 1,062 | 55,821 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 248,392 | |||||||
Health Care Providers & Services – 0.1% | ||||||||
Japan Lifeline Co., Ltd. | 100 | 2,915 | ||||||
Ship Healthcare Holdings, Inc. | 300 | 10,578 | ||||||
|
| |||||||
Total Health Care Providers & Services | 13,493 | |||||||
Health Care Technology – 0.1% | ||||||||
M3, Inc. | 300 | 13,484 | ||||||
Hotels, Restaurants & Leisure – 0.5% | ||||||||
Ichibanya Co., Ltd.(a) | 200 | 8,256 | ||||||
Oriental Land Co., Ltd. | 449 | 45,871 | ||||||
Skylark Co., Ltd. | 700 | 10,083 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 64,210 | |||||||
Household Durables – 3.0% | ||||||||
Casio Computer Co., Ltd.(a) | 1,221 | 18,209 | ||||||
Haseko Corp. | 1,522 | 23,170 | ||||||
Iida Group Holdings Co., Ltd. | 2,100 | 39,255 | ||||||
Panasonic Corp. | 11,100 | 158,750 | ||||||
Rinnai Corp. | 96 | 9,117 | ||||||
Sekisui Chemical Co., Ltd. | 2,275 | 39,703 | ||||||
Sekisui House Ltd. | 5,555 | 101,437 | ||||||
Starts Corp., Inc. | 300 | 8,161 | ||||||
Sumitomo Forestry Co., Ltd. | 900 | 14,437 | ||||||
|
| |||||||
Total Household Durables | 412,239 | |||||||
Household Products – 0.4% | ||||||||
Pigeon Corp. | 418 | 18,886 | ||||||
Unicharm Corp. | 1,100 | 31,329 | ||||||
|
| |||||||
Total Household Products | 50,215 | |||||||
Internet & Catalog Retail – 0.1% | ||||||||
Rakuten, Inc. | 100 | 845 | ||||||
Start Today Co., Ltd. | 600 | 16,034 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 16,879 | |||||||
Internet Software & Services – 1.3% | ||||||||
DeNA Co., Ltd.(a) | 300 | 5,416 | ||||||
GMO Internet, Inc. | 700 | 14,105 | ||||||
Kakaku.com, Inc. | 900 | 15,757 | ||||||
Mixi, Inc. | 323 | 11,936 | ||||||
Yahoo Japan Corp.(a) | 29,914 | 138,952 | ||||||
|
| |||||||
Total Internet Software & Services | 186,166 | |||||||
IT Services – 1.6% | ||||||||
Fujitsu Ltd. | 7,000 | 43,099 | ||||||
Itochu Techno-Solutions Corp. | 1,600 | 33,505 | ||||||
Nihon Unisys Ltd. | 700 | 15,099 | ||||||
NS Solutions Corp. | 600 | 17,151 | ||||||
Obic Co., Ltd. | 400 | 33,286 | ||||||
Otsuka Corp. | 950 | 47,880 | ||||||
SCSK Corp. | 549 | 23,720 | ||||||
Transcosmos, Inc. | 300 | 7,741 | ||||||
|
| |||||||
Total IT Services | 221,481 |
See Notes to Financial Statements.
108 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
March 31, 2018
Investments | Shares | Value | ||||||
Leisure Products – 0.4% | ||||||||
Bandai Namco Holdings, Inc. | 765 | $ | 25,140 | |||||
Heiwa Corp. | 602 | 12,108 | ||||||
Shimano, Inc. | 143 | 20,627 | ||||||
|
| |||||||
Total Leisure Products | 57,875 | |||||||
Machinery – 8.1% | ||||||||
CKD Corp. | 300 | 6,677 | ||||||
Daifuku Co., Ltd. | 500 | 29,948 | ||||||
Ebara Corp. | 487 | 17,699 | ||||||
FANUC Corp. | 1,061 | 268,966 | ||||||
Fujitec Co., Ltd. | 800 | 10,531 | ||||||
Harmonic Drive Systems, Inc. | 100 | 5,745 | ||||||
Hino Motors Ltd. | 3,488 | 44,900 | ||||||
Hoshizaki Corp. | 152 | 13,349 | ||||||
Komatsu Ltd. | 6,222 | 207,517 | ||||||
Kubota Corp. | 5,819 | 101,880 | ||||||
Kurita Water Industries Ltd. | 600 | 19,041 | ||||||
Makita Corp. | 998 | 48,797 | ||||||
MINEBEA MITSUMI, Inc. | 1,448 | 30,934 | ||||||
Mitsubishi Heavy Industries Ltd. | 2,300 | 88,107 | ||||||
Nabtesco Corp. | 525 | 20,265 | ||||||
NGK Insulators Ltd. | 323 | 5,570 | ||||||
NSK Ltd. | 4,162 | 55,807 | ||||||
Obara Group, Inc. | 100 | 5,924 | ||||||
OSG Corp. | 600 | 13,777 | ||||||
SMC Corp. | 143 | 57,913 | ||||||
Sumitomo Heavy Industries Ltd. | 800 | 30,353 | ||||||
THK Co., Ltd. | 748 | 30,947 | ||||||
Tsubakimoto Chain Co. | 1,000 | 8,143 | ||||||
|
| |||||||
Total Machinery | 1,122,790 | |||||||
Media – 0.6% | ||||||||
CyberAgent, Inc.(a) | 196 | 9,749 | ||||||
Daiichikosho Co., Ltd. | 290 | 15,379 | ||||||
Dentsu, Inc. | 1,000 | 43,912 | ||||||
Toho Co., Ltd. | 648 | 21,509 | ||||||
|
| |||||||
Total Media | 90,549 | |||||||
Metals & Mining – 1.2% | ||||||||
Dowa Holdings Co., Ltd. | 270 | 9,673 | ||||||
Hitachi Metals Ltd. | 2,100 | 24,841 | ||||||
Mitsubishi Materials Corp. | 700 | 21,062 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 4,700 | 103,258 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 500 | 4,020 | ||||||
|
| |||||||
Total Metals & Mining | 162,854 | |||||||
Multiline Retail – 0.6% | ||||||||
Don Quijote Holdings Co., Ltd. | 200 | 11,490 | ||||||
Izumi Co., Ltd. | 200 | 13,653 | ||||||
Marui Group Co., Ltd.(a) | 1,200 | 24,463 | ||||||
Ryohin Keikaku Co., Ltd. | 112 | 37,597 | ||||||
|
| |||||||
Total Multiline Retail | 87,203 | |||||||
Personal Products – 2.3% | ||||||||
Ci:z Holdings Co., Ltd. | 200 | 9,967 | ||||||
Kao Corp. | 2,087 | 156,618 | ||||||
Kobayashi Pharmaceutical Co., Ltd. | 188 | 13,576 | ||||||
Kose Corp. | 100 | 20,940 | ||||||
Mandom Corp. | 200 | 6,902 | ||||||
Noevir Holdings Co., Ltd. | 300 | 21,636 | ||||||
Pola Orbis Holdings, Inc. | 1,100 | 45,097 | ||||||
Shiseido Co., Ltd. | 700 | 44,844 | ||||||
|
| |||||||
Total Personal Products | 319,580 | |||||||
Pharmaceuticals – 6.3% | ||||||||
Astellas Pharma, Inc. | 13,924 | 211,315 | ||||||
Chugai Pharmaceutical Co., Ltd. | 2,035 | 102,946 | ||||||
Daiichi Sankyo Co., Ltd. | 6,000 | 198,928 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 433 | 33,549 | ||||||
Kaken Pharmaceutical Co., Ltd. | 300 | 17,715 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 2,000 | 43,949 | ||||||
Otsuka Holdings Co., Ltd. | 3,300 | 165,357 | ||||||
Santen Pharmaceutical Co., Ltd. | 2,100 | 33,865 | ||||||
Shionogi & Co., Ltd. | 995 | 51,373 | ||||||
Tsumura & Co. | 378 | 12,991 | ||||||
|
| |||||||
Total Pharmaceuticals | 871,988 | |||||||
Professional Services – 1.5% | ||||||||
Benefit One, Inc.(a) | 200 | 5,534 | ||||||
en-japan, Inc. | 100 | 5,802 | ||||||
Meitec Corp. | 411 | 22,762 | ||||||
Nihon M&A Center, Inc. | 400 | 13,766 | ||||||
Persol Holdings Co., Ltd. | 467 | 13,591 | ||||||
Recruit Holdings Co., Ltd. | 5,100 | 126,817 | ||||||
TechnoPro Holdings, Inc. | 400 | 24,109 | ||||||
|
| |||||||
Total Professional Services | 212,381 | |||||||
Real Estate Management & Development – 2.9% | ||||||||
Daito Trust Construction Co., Ltd. | 661 | 114,300 | ||||||
Daiwa House Industry Co., Ltd. | 5,100 | 196,615 | ||||||
Hulic Co., Ltd. | 3,292 | 35,938 | ||||||
Kenedix, Inc. | 600 | 3,735 | ||||||
Leopalace21 Corp. | 2,600 | 21,685 | ||||||
Open House Co., Ltd. | 400 | 24,824 | ||||||
Relo Group, Inc. | 300 | 8,310 | ||||||
|
| |||||||
Total Real Estate Management & Development | 405,407 | |||||||
Road & Rail – 1.5% | ||||||||
Central Japan Railway Co. | 478 | 90,476 | ||||||
East Japan Railway Co. | 1,197 | 111,000 | ||||||
Keisei Electric Railway Co., Ltd. | 200 | 6,149 | ||||||
|
| |||||||
Total Road & Rail | 207,625 | |||||||
Semiconductors & Semiconductor Equipment – 2.0% | ||||||||
Advantest Corp.(a) | 600 | 12,576 | ||||||
Disco Corp. | 244 | 52,654 | ||||||
SCREEN Holdings Co., Ltd. | 100 | 9,177 | ||||||
SUMCO Corp. | 700 | 18,364 | ||||||
Tokyo Electron Ltd. | 1,000 | 188,199 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 280,970 | |||||||
Software – 2.7% | ||||||||
Capcom Co., Ltd. | 800 | 17,294 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 109 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
March 31, 2018
Investments | Shares | Value | ||||||
COLOPL, Inc.(a) | 100 | $ | 871 | |||||
Koei Tecmo Holdings Co., Ltd. | 500 | 9,770 | ||||||
Nintendo Co., Ltd. | 500 | 220,310 | ||||||
Oracle Corp. | 600 | 48,801 | ||||||
Square Enix Holdings Co., Ltd. | 485 | 22,209 | ||||||
Trend Micro, Inc. | 1,011 | 60,365 | ||||||
|
| |||||||
Total Software | 379,620 | |||||||
Specialty Retail – 2.0% | ||||||||
ABC-Mart, Inc. | 400 | 26,366 | ||||||
Fast Retailing Co., Ltd. | 223 | 90,668 | ||||||
Hikari Tsushin, Inc. | 277 | 44,304 | ||||||
K’s Holdings Corp. | 1,644 | 22,739 | ||||||
Nitori Holdings Co., Ltd. | 200 | 35,364 | ||||||
Shimamura Co., Ltd. | 70 | 8,761 | ||||||
T-Gaia Corp. | 582 | 16,204 | ||||||
USS Co., Ltd. | 1,625 | 32,852 | ||||||
|
| |||||||
Total Specialty Retail | 277,258 | |||||||
Technology Hardware, Storage & Peripherals – 0.6% | ||||||||
Brother Industries Ltd. | 1,713 | 39,833 | ||||||
Seiko Epson Corp. | 2,600 | 46,230 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 86,063 | |||||||
Tobacco – 3.6% | ||||||||
Japan Tobacco, Inc. | 17,373 | 500,852 | ||||||
Trading Companies & Distributors – 3.5% | ||||||||
ITOCHU Corp. | 16,899 | 328,367 | ||||||
Iwatani Corp. | 320 | 11,825 | ||||||
Marubeni Corp. | 17,055 | 123,466 | ||||||
MISUMI Group, Inc. | 600 | 16,479 | ||||||
MonotaRO Co., Ltd. | 100 | 3,592 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 483,729 | |||||||
Wireless Telecommunication Services – 9.6% | ||||||||
KDDI Corp. | 20,587 | 525,854 | ||||||
NTT DOCOMO, Inc. | 26,946 | 688,282 | ||||||
SoftBank Group Corp. | 1,595 | 119,232 | ||||||
|
| |||||||
Total Wireless Telecommunication Services | 1,333,368 | |||||||
TOTAL COMMON STOCKS (Cost: $11,504,931) | 13,781,919 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6% | ||||||||
United States – 0.6% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) | ||||||||
(Cost: $83,972)(c) | 83,972 | 83,972 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.6% (Cost: $11,588,903) | 13,865,891 | |||||||
Other Assets less Liabilities – 0.4% | 56,542 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 13,922,433 |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $235,499 and the total market value of the collateral held by the Fund was $245,778. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $161,806. |
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. | 4/4/2018 | 318,954,820 | JPY | 2,999,703 | USD | $ | — | $ | (408 | ) | ||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 2,999,703 | USD | 319,308,785 | JPY | — | (2,920 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/7/2018 | 2,885,689 | USD | 306,211,136 | JPY | 1,000 | — | |||||||||||||||||||||
Bank of Montreal | 4/2/2018 | 4,688 | USD | 500,000 | JPY | — | (14 | ) | ||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 2,999,703 | USD | 319,304,285 | JPY | — | (2,878 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 318,960,219 | JPY | 2,999,703 | USD | — | (357 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 2,999,703 | USD | 319,304,885 | JPY | — | (2,884 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/7/2018 | 2,885,689 | USD | 306,221,525 | JPY | 903 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 2,999,703 | USD | 319,366,379 | JPY | — | (3,462 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 318,964,119 | JPY | 2,999,703 | USD | — | (321 | ) | ||||||||||||||||||||
Citibank N.A. | 5/7/2018 | 2,885,689 | USD | 306,222,968 | JPY | 889 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 318,959,319 | JPY | 2,999,703 | USD | — | (366 | ) | ||||||||||||||||||||
Credit Suisse International | 5/7/2018 | 2,885,689 | USD | 306,217,773 | JPY | 938 | — | |||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 243,014,339 | JPY | 2,285,488 | USD | — | (300 | ) | ||||||||||||||||||||
Goldman Sachs | 5/7/2018 | 2,198,623 | USD | 233,315,234 | JPY | 657 | — | |||||||||||||||||||||
Royal Bank of Canada | 4/4/2018 | 2,285,488 | USD | 243,278,998 | JPY | — | (2,189 | ) | ||||||||||||||||||||
$ | 4,387 | $ | (16,099 | ) |
CURRENCY LEGEND |
JPY – Japanese yen
USD – U.S. dollar
See Notes to Financial Statements.
110 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.0% | ||||||||
Japan – 99.0% | ||||||||
Air Freight & Logistics – 0.4% | ||||||||
Kintetsu World Express, Inc. | 13,100 | $ | 246,110 | |||||
Konoike Transport Co., Ltd. | 16,600 | 287,515 | ||||||
Maruwa Unyu Kikan Co., Ltd.(a) | 7,400 | 220,226 | ||||||
SBS Holdings, Inc.(a) | 5,900 | 76,725 | ||||||
Shibusawa Warehouse Co., Ltd. (The) | 800 | 13,570 | ||||||
|
| |||||||
Total Air Freight & Logistics | 844,146 | |||||||
Auto Components – 5.1% | ||||||||
Aisan Industry Co., Ltd. | 13,600 | 145,655 | ||||||
Daido Metal Co., Ltd. | 14,300 | 164,581 | ||||||
Daikyonishikawa Corp. | 15,000 | 245,980 | ||||||
Eagle Industry Co., Ltd. | 15,300 | 268,451 | ||||||
Exedy Corp. | 13,200 | 416,417 | ||||||
FCC Co., Ltd. | 9,700 | 272,622 | ||||||
G-Tekt Corp. | 9,098 | 175,202 | ||||||
H-One Co., Ltd. | 5,700 | 74,446 | ||||||
Imasen Electric Industrial | 11,200 | 128,271 | ||||||
Kasai Kogyo Co., Ltd. | 10,600 | 137,446 | ||||||
Keihin Corp. | 26,100 | 532,062 | ||||||
KYB Corp. | 5,400 | 256,417 | ||||||
Mitsuba Corp. | 3,700 | 47,559 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 7,900 | 267,047 | ||||||
NHK Spring Co., Ltd. | 55,200 | 583,921 | ||||||
Nifco, Inc.(a) | 28,000 | 955,712 | ||||||
Nihon Tokushu Toryo Co., Ltd. | 4,100 | 81,884 | ||||||
Nissin Kogyo Co., Ltd. | 14,900 | 257,510 | ||||||
Pacific Industrial Co., Ltd. | 11,300 | 155,661 | ||||||
Piolax, Inc. | 3,700 | 96,997 | ||||||
Press Kogyo Co., Ltd. | 33,100 | 197,013 | ||||||
Sanoh Industrial Co., Ltd. | 10,900 | 76,664 | ||||||
Shoei Co., Ltd. | 7,100 | 277,391 | ||||||
Sumitomo Riko Co., Ltd. | 19,900 | 201,526 | ||||||
Tachi-S Co., Ltd. | 4,400 | 78,732 | ||||||
Taiho Kogyo Co., Ltd. | 8,300 | 118,549 | ||||||
Tokai Rika Co., Ltd. | 27,725 | 568,056 | ||||||
Topre Corp. | 9,200 | 266,441 | ||||||
Toyo Tire & Rubber Co., Ltd. | 27,800 | 478,887 | ||||||
Toyoda Gosei Co., Ltd. | 31,900 | 742,084 | ||||||
TPR Co., Ltd. | 4,606 | 133,178 | ||||||
TS Tech Co., Ltd. | 18,300 | 725,289 | ||||||
Unipres Corp. | 8,100 | 183,250 | ||||||
Yokohama Rubber Co., Ltd. (The) | 49,300 | 1,141,757 | ||||||
Yorozu Corp. | 6,000 | 101,044 | ||||||
|
| |||||||
Total Auto Components | 10,553,702 | |||||||
Automobiles – 0.1% | ||||||||
Nissan Shatai Co., Ltd. | 16,200 | 169,540 | ||||||
Banks – 6.7% | ||||||||
77 Bank Ltd. (The) | 12,800 | 301,495 | ||||||
Akita Bank Ltd. (The) | 3,400 | 90,954 | ||||||
Aomori Bank Ltd. (The) | 3,900 | 118,082 | ||||||
Awa Bank Ltd. (The) | 45,000 | 288,575 | ||||||
Bank of Iwate Ltd. (The) | 3,100 | 122,717 | ||||||
Bank of Kyoto Ltd. (The)(a) | 13,600 | 759,605 | ||||||
Bank of Nagoya Ltd. (The)(a) | 6,000 | 223,131 | ||||||
Bank of Okinawa Ltd. (The) | 6,340 | 267,669 | ||||||
Bank of Saga Ltd. (The) | 3,500 | 76,747 | ||||||
Bank of the Ryukyus Ltd. | 6,100 | 92,690 | ||||||
Chugoku Bank Ltd. (The) | 29,900 | 352,277 | ||||||
Daishi Bank Ltd. (The) | 9,100 | 402,163 | ||||||
Ehime Bank Ltd. (The)(a) | 15,500 | 183,639 | ||||||
Eighteenth Bank Ltd. (The) | 42,000 | 107,814 | ||||||
FIDEA Holdings Co., Ltd. | 123,300 | 224,920 | ||||||
First Bank of Toyama Ltd. (The) | 45,700 | 213,567 | ||||||
Fukui Bank Ltd. (The) | 5,000 | 109,544 | ||||||
Gunma Bank Ltd. (The) | 121,600 | 690,610 | ||||||
Hachijuni Bank Ltd. (The) | 130,500 | 699,436 | ||||||
Hiroshima Bank Ltd. (The) | 78,000 | 587,475 | ||||||
Hokkoku Bank Ltd. (The) | 8,600 | 334,377 | ||||||
Hokuetsu Bank Ltd. (The) | 7,400 | 161,429 | ||||||
Hokuhoku Financial Group, Inc.(a) | 37,700 | 511,529 | ||||||
Hyakugo Bank Ltd. (The) | 39,300 | 185,876 | ||||||
Hyakujushi Bank Ltd. (The) | 62,000 | 210,456 | ||||||
Iyo Bank Ltd. (The) | 61,900 | 466,214 | ||||||
Jimoto Holdings, Inc. | 90,300 | 159,628 | ||||||
Juroku Bank Ltd. (The) | 8,700 | 231,918 | ||||||
Kansai Urban Banking Corp.(a) | 19,100 | 251,434 | ||||||
Keiyo Bank Ltd. (The) | 59,000 | 263,517 | ||||||
Kiyo Bank Ltd. (The) | 19,598 | 311,062 | ||||||
Kyushu Financial Group, Inc. | 62,000 | 306,648 | ||||||
Michinoku Bank Ltd. (The)(a) | 3,300 | 53,992 | ||||||
Minato Bank Ltd. (The) | 8,858 | 174,911 | ||||||
Miyazaki Bank Ltd. (The) | 4,200 | 130,522 | ||||||
Musashino Bank Ltd. (The) | 6,000 | 189,281 | ||||||
Nanto Bank Ltd. (The) | 5,200 | 140,231 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 42,600 | 494,296 | ||||||
North Pacific Bank Ltd. | 115,500 | 385,543 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 6,300 | 158,640 | ||||||
Oita Bank Ltd. (The) | 5,200 | 191,913 | ||||||
San-In Godo Bank Ltd. (The) | 20,300 | 179,808 | ||||||
Senshu Ikeda Holdings, Inc. | 78,100 | 293,747 | ||||||
Shiga Bank Ltd. (The) | 32,000 | 161,279 | ||||||
Shikoku Bank Ltd. (The) | 12,500 | 176,070 | ||||||
Tochigi Bank Ltd. (The) | 43,300 | 166,930 | ||||||
Toho Bank Ltd. (The) | 36,200 | 138,537 | ||||||
Tokyo TY Financial Group, Inc. | 5,900 | 140,413 | ||||||
TOMONY Holdings, Inc. | 41,700 | 185,464 | ||||||
Towa Bank Ltd. (The) | 16,800 | 221,315 | ||||||
Yamagata Bank Ltd. (The)(a) | 9,800 | 216,918 | ||||||
Yamaguchi Financial Group, Inc.(a) | 50,000 | 605,548 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 27,000 | 111,199 | ||||||
|
| |||||||
Total Banks | 13,823,755 | |||||||
Beverages – 0.3% | ||||||||
Sapporo Holdings Ltd. | 10,200 | 297,320 | ||||||
Takara Holdings, Inc. | 29,000 | 322,041 | ||||||
|
| |||||||
Total Beverages | 619,361 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 111 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2018
Investments | Shares | Value | ||||||
Building Products – 1.6% | ||||||||
Aica Kogyo Co., Ltd. | 15,100 | $ | 559,417 | |||||
Bunka Shutter Co., Ltd. | 11,200 | 108,788 | ||||||
Central Glass Co., Ltd. | 7,600 | 177,083 | ||||||
Nichias Corp. | 32,000 | 406,808 | ||||||
Nichiha Corp. | 5,500 | 210,226 | ||||||
Nitto Boseki Co., Ltd. | 5,200 | 110,307 | ||||||
Noritz Corp. | 8,000 | 144,579 | ||||||
Okabe Co., Ltd. | 15,700 | 147,183 | ||||||
Sankyo Tateyama, Inc. | 6,300 | 94,130 | ||||||
Sanwa Holdings Corp. | 52,700 | 680,368 | ||||||
Shin Nippon Air Technologies Co., Ltd. | 4,100 | 61,259 | ||||||
Sinko Industries Ltd. | 6,300 | 98,928 | ||||||
Takara Standard Co., Ltd. | 9,217 | 154,960 | ||||||
Takasago Thermal Engineering Co., Ltd. | 15,300 | 281,111 | ||||||
|
| |||||||
Total Building Products | 3,235,147 | |||||||
Capital Markets – 3.3% | ||||||||
GCA Corp. | 21,800 | 186,330 | ||||||
Ichigo, Inc.(a) | 86,000 | 378,449 | ||||||
Ichiyoshi Securities Co., Ltd. | 17,100 | 200,344 | ||||||
IwaiCosmo Holdings, Inc. | 22,300 | 292,720 | ||||||
kabu.com Securities Co., Ltd. | 129,500 | 445,670 | ||||||
Kyokuto Securities Co., Ltd.(a) | 16,700 | 241,510 | ||||||
Marusan Securities Co., Ltd.(a) | 36,600 | 347,244 | ||||||
Matsui Securities Co., Ltd. | 111,900 | 1,014,307 | ||||||
Monex Group, Inc. | 57,365 | 186,632 | ||||||
Okasan Securities Group, Inc.(a) | 90,000 | 538,223 | ||||||
SBI Holdings, Inc.(a) | 89,800 | 2,054,381 | ||||||
Sparx Group Co., Ltd.(a) | 37,000 | 100,197 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 131,100 | 906,051 | ||||||
|
| |||||||
Total Capital Markets | 6,892,058 | |||||||
Chemicals – 7.4% | ||||||||
Achilles Corp. | 9,100 | 186,792 | ||||||
ADEKA Corp. | 25,200 | 454,477 | ||||||
Arakawa Chemical Industries Ltd. | 7,000 | 124,137 | ||||||
C.I. Takiron Corp. | 28,500 | 185,712 | ||||||
Chugoku Marine Paints Ltd. | 13,400 | 131,543 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 4,800 | 198,138 | ||||||
Denka Co., Ltd. | 22,600 | 757,583 | ||||||
DIC Corp. | 27,900 | 935,247 | ||||||
DKS Co., Ltd.(a) | 9,000 | 74,048 | ||||||
Fujimi, Inc. | 8,500 | 184,227 | ||||||
Fujimori Kogyo Co., Ltd. | 5,000 | 177,010 | ||||||
Fuso Chemical Co., Ltd. | 5,600 | 144,700 | ||||||
JCU Corp.(a) | 4,200 | 99,955 | ||||||
JSP Corp.(a) | 6,117 | 191,821 | ||||||
Kaneka Corp. | 81,240 | 805,907 | ||||||
KH Neochem Co., Ltd. | 15,200 | 456,643 | ||||||
Konishi Co., Ltd. | 5,300 | 83,126 | ||||||
Kumiai Chemical Industry Co., Ltd. | 9,894 | 59,727 | ||||||
Kureha Corp. | 4,700 | 306,262 | ||||||
Lintec Corp. | 21,800 | 633,399 | ||||||
Nihon Nohyaku Co., Ltd. | 23,500 | 138,326 | ||||||
Nihon Parkerizing Co., Ltd. | 17,700 | 289,258 | ||||||
Nippon Kayaku Co., Ltd. | 33,600 | 412,931 | ||||||
Nippon Shokubai Co., Ltd. | 10,800 | 733,202 | ||||||
Nippon Soda Co., Ltd. | 31,000 | 175,477 | ||||||
Nippon Valqua Industries Ltd. | 8,700 | 240,999 | ||||||
NOF Corp. | 16,300 | 482,026 | ||||||
Okamoto Industries, Inc. | 12,000 | 123,216 | ||||||
Osaka Soda Co., Ltd.(a) | 5,177 | 136,788 | ||||||
Riken Technos Corp.(a) | 13,800 | 65,788 | ||||||
Sakai Chemical Industry Co., Ltd. | 7,200 | 189,157 | ||||||
Sakata INX Corp. | 2,100 | 30,764 | ||||||
Sanyo Chemical Industries Ltd. | 4,400 | 206,244 | ||||||
Sekisui Plastics Co., Ltd. | 14,300 | 162,833 | ||||||
Shikoku Chemicals Corp. | 6,800 | 100,449 | ||||||
Showa Denko K.K. | 24,600 | 1,040,903 | ||||||
Sumitomo Bakelite Co., Ltd. | 49,000 | 432,637 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 2,800 | 134,010 | ||||||
T Hasegawa Co., Ltd. | 5,400 | 102,262 | ||||||
Taiyo Holdings Co., Ltd. | 8,300 | 356,662 | ||||||
Tayca Corp. | 1,600 | 42,366 | ||||||
Toagosei Co., Ltd. | 25,600 | 301,615 | ||||||
Tokai Carbon Co., Ltd. | 34,100 | 529,376 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 7,800 | 279,803 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 105,000 | 651,622 | ||||||
Toyobo Co., Ltd. | 18,300 | 361,182 | ||||||
Ube Industries Ltd.(a) | 28,580 | 834,423 | ||||||
Zeon Corp. | 44,100 | 637,760 | ||||||
|
| |||||||
Total Chemicals | 15,382,533 | |||||||
Commercial Services & Supplies – 1.5% | ||||||||
Aeon Delight Co., Ltd. | 7,100 | 257,029 | ||||||
Bell System24 Holdings, Inc. | 27,500 | 407,781 | ||||||
Daiseki Co., Ltd. | 6,300 | 172,917 | ||||||
Itoki Corp. | 12,000 | 78,307 | ||||||
Kokuyo Co., Ltd. | 23,000 | 452,647 | ||||||
Mitsubishi Pencil Co., Ltd. | 2,300 | 51,861 | ||||||
Nichiban Co., Ltd. | 2,400 | 78,759 | ||||||
Nippon Air Conditioning Services Co., Ltd. | 22,000 | 154,941 | ||||||
Nippon Parking Development Co., Ltd. | 90,800 | 149,412 | ||||||
Okamura Corp. | 23,700 | 323,131 | ||||||
Pilot Corp. | 3,600 | 200,733 | ||||||
Relia, Inc.(a) | 19,800 | 248,175 | ||||||
Sato Holdings Corp. | 8,300 | 262,619 | ||||||
Toppan Forms Co., Ltd. | 20,500 | 229,384 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 3,067,696 | |||||||
Construction & Engineering – 5.8% | ||||||||
Asunaro Aoki Construction Co., Ltd. | 6,500 | 60,019 | ||||||
COMSYS Holdings Corp. | 22,900 | 611,528 | ||||||
Dai-Dan Co., Ltd. | 4,400 | 97,102 | ||||||
Fudo Tetra Corp. | 58,200 | 103,430 | ||||||
Hazama Ando Corp.(a) | 57,200 | 430,815 | ||||||
Hibiya Engineering Ltd. | 9,800 | 181,256 | ||||||
Kandenko Co., Ltd. | 37,000 | 421,664 |
See Notes to Financial Statements.
112 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2018
Investments | Shares | Value | ||||||
Kitano Construction Corp. | 27,000 | $ | 103,329 | |||||
Kumagai Gumi Co., Ltd.(a) | 8,900 | 286,206 | ||||||
Kyowa Exeo Corp.(a) | 32,200 | 861,694 | ||||||
Kyudenko Corp.(a) | 12,200 | 599,962 | ||||||
Maeda Corp. | 19,500 | 230,113 | ||||||
Maeda Road Construction Co., Ltd. | 28,000 | 566,056 | ||||||
Matsui Construction Co., Ltd. | 13,400 | 100,295 | ||||||
Meisei Industrial Co., Ltd. | 15,000 | 101,975 | ||||||
Mirait Holdings Corp.(a) | 17,944 | 285,822 | ||||||
Nichireki Co., Ltd. | 11,300 | 130,585 | ||||||
Nippo Corp. | 15,100 | 350,275 | ||||||
Nippon Densetsu Kogyo Co., Ltd.(a) | 8,600 | 170,221 | ||||||
Nippon Koei Co., Ltd. | 3,200 | 97,339 | ||||||
Nippon Road Co., Ltd. (The)(a) | 3,200 | 156,765 | ||||||
Nishimatsu Construction Co., Ltd. | 18,800 | 466,332 | ||||||
Okumura Corp.(a) | 23,000 | 907,240 | ||||||
OSJB Holdings Corp. | 37,000 | 99,502 | ||||||
Penta-Ocean Construction Co., Ltd. | 56,300 | 412,390 | ||||||
Raito Kogyo Co., Ltd. | 14,700 | 151,769 | ||||||
Sanki Engineering Co., Ltd. | 17,200 | 192,135 | ||||||
Seikitokyu Kogyo Co., Ltd. | 23,700 | 153,320 | ||||||
Shinnihon Corp. | 10,900 | 118,583 | ||||||
SHO-BOND Holdings Co., Ltd. | 4,900 | 361,683 | ||||||
Sumitomo Densetsu Co., Ltd. | 11,100 | 222,313 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 36,640 | 217,049 | ||||||
Taihei Dengyo Kaisha Ltd. | 8,300 | 212,358 | ||||||
Taikisha Ltd. | 8,500 | 278,138 | ||||||
Toa Road Corp. | 200 | 7,635 | ||||||
Toda Corp.(a) | 61,000 | 442,229 | ||||||
Toenec Corp. | 6,400 | 186,855 | ||||||
Tokyo Energy & Systems, Inc. | 18,400 | 207,097 | ||||||
Tokyu Construction Co., Ltd.(a) | 31,200 | 338,844 | ||||||
Toshiba Plant Systems & Services Corp. | 22,900 | 493,744 | ||||||
Totetsu Kogyo Co., Ltd. | 4,400 | 134,875 | ||||||
Toyo Construction Co., Ltd. | 21,900 | 100,903 | ||||||
Yahagi Construction Co., Ltd.(a) | 11,100 | 82,037 | ||||||
Yokogawa Bridge Holdings Corp. | 8,500 | 179,991 | ||||||
Yurtec Corp. | 25,700 | 204,440 | ||||||
|
| |||||||
Total Construction & Engineering | 12,117,913 | |||||||
Construction Materials – 0.3% | ||||||||
Geostr Corp. | 6,100 | 36,996 | ||||||
Krosaki Harima Corp. | 3,100 | 146,911 | ||||||
Shinagawa Refractories Co., Ltd. | 4,000 | 105,087 | ||||||
Sumitomo Osaka Cement Co., Ltd.(a) | 100,000 | 443,817 | ||||||
|
| |||||||
Total Construction Materials | 732,811 | |||||||
Consumer Finance – 0.0% | ||||||||
J Trust Co., Ltd.(a) | 7,800 | 51,193 | ||||||
Containers & Packaging – 0.7% | ||||||||
FP Corp. | 5,600 | 367,541 | ||||||
Fuji Seal International, Inc. | 7,800 | 315,374 | ||||||
Nihon Yamamura Glass Co., Ltd. | 92,000 | 163,498 | ||||||
Rengo Co., Ltd. | 70,681 | 610,774 | ||||||
|
| |||||||
Total Containers & Packaging | 1,457,187 | |||||||
Distributors – 1.0% | ||||||||
Arata Corp. | 1,200 | 67,250 | ||||||
Canon Marketing Japan, Inc. | 37,800 | 1,021,506 | ||||||
Doshisha Co., Ltd. | 9,100 | 209,809 | ||||||
Happinet Corp. | 6,400 | 92,254 | ||||||
Paltac Corp. | 12,103 | 648,680 | ||||||
|
| |||||||
Total Distributors | 2,039,499 | |||||||
Diversified Consumer Services – 0.3% | ||||||||
Gakkyusha Co., Ltd. | 9,300 | 149,010 | ||||||
Meiko Network Japan Co., Ltd. | 7,900 | 95,379 | ||||||
Riso Kyoiku Co., Ltd.(a) | 16,900 | 126,651 | ||||||
Studio Alice Co., Ltd. | 5,200 | 126,981 | ||||||
Tokyo Individualized Educational Institute, Inc. | 18,000 | 191,255 | ||||||
|
| |||||||
Total Diversified Consumer Services | 689,276 | |||||||
Diversified Financial Services – 0.7% | ||||||||
Financial Products Group Co., Ltd. | 47,200 | 612,025 | ||||||
Ricoh Leasing Co., Ltd. | 6,900 | 228,378 | ||||||
Zenkoku Hosho Co., Ltd.(a) | 13,300 | 584,024 | ||||||
|
| |||||||
Total Diversified Financial Services | 1,424,427 | |||||||
Electric Utilities – 0.4% | ||||||||
Hokkaido Electric Power Co., Inc.(a) | 3,800 | 24,904 | ||||||
Okinawa Electric Power Co., Inc. (The) | 9,975 | 287,010 | ||||||
Shikoku Electric Power Co., Inc. | 35,800 | 424,820 | ||||||
|
| |||||||
Total Electric Utilities | 736,734 | |||||||
Electrical Equipment – 1.4% | ||||||||
Daihen Corp. | 14,000 | 107,551 | ||||||
Denyo Co., Ltd. | 6,800 | 121,550 | ||||||
Fujikura Ltd. | 28,200 | 191,447 | ||||||
Furukawa Electric Co., Ltd. | 7,426 | 398,707 | ||||||
GS Yuasa Corp. | 80,000 | 436,295 | ||||||
Idec Corp.(a) | 12,900 | 312,705 | ||||||
Nippon Carbon Co., Ltd. | 3,200 | 162,482 | ||||||
Nissin Electric Co., Ltd. | 16,600 | 153,903 | ||||||
Nitto Kogyo Corp. | 12,800 | 198,590 | ||||||
Sanyo Denki Co., Ltd. | 2,000 | 154,584 | ||||||
Sinfonia Technology Co., Ltd.(a) | 34,000 | 116,370 | ||||||
Takaoka Toko Co., Ltd.(a) | 9,500 | 151,946 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 6,400 | 39,237 | ||||||
Ushio, Inc. | 27,600 | 370,595 | ||||||
|
| |||||||
Total Electrical Equipment | 2,915,962 | |||||||
Electronic Equipment, Instruments & Components – 4.8% | ||||||||
Ai Holdings Corp. | 6,000 | 167,165 | ||||||
Amano Corp. | 19,700 | 531,817 | ||||||
Anritsu Corp. | 29,600 | 365,721 | ||||||
Azbil Corp. | 17,200 | 801,373 | ||||||
Canon Electronics, Inc. | 15,300 | 340,240 | ||||||
Citizen Watch Co., Ltd. | 88,400 | 635,050 | ||||||
CONEXIO Corp. | 19,200 | 409,456 | ||||||
Daiwabo Holdings Co., Ltd. | 5,200 | 228,096 | ||||||
Dexerials Corp. | 37,600 | 390,672 | ||||||
Enplas Corp. | 4,029 | 134,679 | ||||||
ESPEC Corp. | 3,100 | 74,039 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 113 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2018
Investments | Shares | Value | ||||||
FTGroup Co., Ltd.(a) | 13,900 | $ | 121,813 | |||||
Hakuto Co., Ltd. | 8,500 | 124,842 | ||||||
Horiba Ltd. | 5,400 | 418,392 | ||||||
Ibiden Co., Ltd. | 29,400 | 437,614 | ||||||
Iriso Electronics Co., Ltd.(a) | 3,100 | 190,343 | ||||||
Japan Aviation Electronics Industry Ltd.(a) | 18,000 | 254,725 | ||||||
Kaga Electronics Co., Ltd. | 9,200 | 238,672 | ||||||
Koa Corp. | 3,600 | 74,471 | ||||||
Kyosan Electric Manufacturing Co., Ltd. | 34,000 | 209,723 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 18,100 | 326,600 | ||||||
Marubun Corp. | 16,200 | 150,042 | ||||||
Nippon Signal Co., Ltd. | 8,700 | 80,987 | ||||||
Nissha Co., Ltd.(a) | 4,600 | 123,402 | ||||||
Nohmi Bosai Ltd. | 8,866 | 189,908 | ||||||
Oki Electric Industry Co., Ltd.(a) | 26,700 | 354,243 | ||||||
Optex Group Co., Ltd. | 6,600 | 174,449 | ||||||
Osaki Electric Co., Ltd. | 18,200 | 133,141 | ||||||
Ryoden Corp. | 9,300 | 152,945 | ||||||
Ryosan Co., Ltd. | 13,600 | 490,418 | ||||||
Sanshin Electronics Co., Ltd. | 12,100 | 247,916 | ||||||
Satori Electric Co., Ltd. | 14,500 | 149,295 | ||||||
Siix Corp.(a) | 8,000 | 176,700 | ||||||
Sumida Corp.(a) | 5,400 | 69,867 | ||||||
Taiyo Yuden Co., Ltd.(a) | 16,600 | 281,427 | ||||||
Tamura Corp.(a) | 27,900 | 213,546 | ||||||
Topcon Corp. | 13,200 | 257,794 | ||||||
UKC Holdings Corp. | 5,000 | 104,090 | ||||||
V Technology Co., Ltd.(a) | 100 | 28,679 | ||||||
Vitec Holdings Co., Ltd. | 9,100 | 187,220 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 10,041,572 | |||||||
Energy Equipment & Services – 0.3% | ||||||||
Modec, Inc. | 9,700 | 242,523 | ||||||
Shinko Plantech Co., Ltd. | 34,300 | 308,651 | ||||||
|
| |||||||
Total Energy Equipment & Services | 551,174 | |||||||
Food & Staples Retailing – 2.5% | ||||||||
Ain Holdings, Inc. | 2,100 | 156,982 | ||||||
Arcs Co., Ltd. | 13,200 | 318,612 | ||||||
Axial Retailing, Inc. | 3,900 | 148,336 | ||||||
Belc Co., Ltd. | 1,100 | 63,300 | ||||||
Cawachi Ltd. | 2,300 | 56,597 | ||||||
Cocokara fine, Inc. | 4,000 | 273,437 | ||||||
Create SD Holdings Co., Ltd. | 7,700 | 200,265 | ||||||
Heiwado Co., Ltd. | 8,200 | 198,388 | ||||||
Inageya Co., Ltd. | 7,900 | 135,121 | ||||||
Kato Sangyo Co., Ltd. | 9,300 | 325,740 | ||||||
Kobe Bussan Co., Ltd.(a) | 4,800 | 217,095 | ||||||
Life Corp. | 4,800 | 132,423 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. | 18,400 | 778,561 | ||||||
Ministop Co., Ltd. | 6,400 | 131,129 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 9,600 | 275,317 | ||||||
Okuwa Co., Ltd. | 6,000 | 61,495 | ||||||
Qol Co., Ltd. | 8,200 | 160,916 | ||||||
San-A Co., Ltd. | 3,900 | 224,796 | ||||||
Shoei Foods Corp.(a) | 1,500 | 58,533 | ||||||
Sogo Medical Co., Ltd. | 4,000 | 113,775 | ||||||
United Super Markets Holdings, Inc. | 18,000 | 191,425 | ||||||
Valor Holdings Co., Ltd. | 15,400 | 417,038 | ||||||
Yamatane Corp. | 9,400 | 164,754 | ||||||
Yaoko Co., Ltd. | 4,900 | 264,006 | ||||||
Yokohama Reito Co., Ltd.(a) | 22,000 | 216,173 | ||||||
|
| |||||||
Total Food & Staples Retailing | 5,284,214 | |||||||
Food Products – 2.7% | ||||||||
Ariake Japan Co., Ltd. | 2,600 | 208,293 | ||||||
Feed One Co., Ltd. | 67,300 | 136,688 | ||||||
Fuji Oil Holdings, Inc. | 17,951 | 541,822 | ||||||
Fujicco Co., Ltd. | 5,900 | 132,812 | ||||||
Hokuto Corp.(a) | 15,800 | 300,846 | ||||||
House Foods Group, Inc. | 12,900 | 428,787 | ||||||
Itoham Yonekyu Holdings, Inc. | 60,000 | 521,862 | ||||||
Kagome Co., Ltd. | 8,300 | 291,495 | ||||||
Kameda Seika Co., Ltd.(a) | 3,300 | 159,492 | ||||||
Marudai Food Co., Ltd. | 39,000 | 188,124 | ||||||
Maruha Nichiro Corp. | 9,100 | 290,926 | ||||||
Megmilk Snow Brand Co., Ltd. | 10,500 | 284,048 | ||||||
Mitsui Sugar Co., Ltd. | 10,400 | 401,918 | ||||||
Morinaga & Co., Ltd. | 2,000 | 88,105 | ||||||
Morinaga Milk Industry Co., Ltd. | 4,900 | 199,502 | ||||||
Nippon Flour Mills Co., Ltd. | 16,300 | 252,738 | ||||||
Nippon Suisan Kaisha Ltd. | 23,300 | 120,937 | ||||||
Nisshin Oillio Group Ltd. (The) | 7,000 | 192,525 | ||||||
Prima Meat Packers Ltd. | 20,000 | 114,716 | ||||||
S Foods, Inc. | 3,600 | 150,466 | ||||||
Sakata Seed Corp. | 4,500 | 159,309 | ||||||
Showa Sangyo Co., Ltd. | 8,200 | 213,269 | ||||||
Starzen Co., Ltd.(a) | 3,700 | 180,912 | ||||||
Warabeya Nichiyo Holdings Co., Ltd. | 3,200 | 79,586 | ||||||
|
| |||||||
Total Food Products | 5,639,178 | |||||||
Gas Utilities – 0.4% | ||||||||
Nippon Gas Co., Ltd.(a) | 5,400 | 252,355 | ||||||
Saibu Gas Co., Ltd. | 10,700 | 276,983 | ||||||
Shizuoka Gas Co., Ltd. | 23,700 | 213,267 | ||||||
|
| |||||||
Total Gas Utilities | 742,605 | |||||||
Health Care Equipment & Supplies – 1.6% | ||||||||
Asahi Intecc Co., Ltd. | 8,600 | 340,846 | ||||||
Eiken Chemical Co., Ltd.(a) | 9,000 | 226,798 | ||||||
Hogy Medical Co., Ltd. | 7,600 | 306,930 | ||||||
Jeol Ltd. | 11,000 | 101,260 | ||||||
Mani, Inc. | 5,900 | 234,669 | ||||||
Nagaileben Co., Ltd. | 13,100 | 359,188 | ||||||
Nakanishi, Inc. | 13,200 | 268,841 | ||||||
Nihon Kohden Corp. | 15,300 | 425,983 | ||||||
Nikkiso Co., Ltd. | 16,700 | 173,988 | ||||||
Nipro Corp. | 42,423 | 613,109 | ||||||
Paramount Bed Holdings Co., Ltd. | 5,903 | 301,394 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 3,353,006 |
See Notes to Financial Statements.
114 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2018
Investments | Shares | Value | ||||||
Health Care Providers & Services – 1.4% | ||||||||
As One Corp. | 5,300 | $ | 337,884 | |||||
BML, Inc. | 10,500 | 268,152 | ||||||
Japan Lifeline Co., Ltd.(a) | 7,000 | 204,043 | ||||||
Miraca Holdings, Inc. | 14,800 | 578,223 | ||||||
NichiiGakkan Co., Ltd. | 21,100 | 236,693 | ||||||
Ship Healthcare Holdings, Inc. | 10,859 | 382,899 | ||||||
Solasto Corp. | 10,700 | 297,206 | ||||||
Toho Holdings Co., Ltd. | 15,200 | 358,168 | ||||||
Vital KSK Holdings, Inc. | 26,700 | 262,858 | ||||||
|
| |||||||
Total Health Care Providers & Services | 2,926,126 | |||||||
Hotels, Restaurants & Leisure – 2.8% | ||||||||
Create Restaurants Holdings, Inc.(a) | 18,500 | 219,530 | ||||||
Doutor Nichires Holdings Co., Ltd. | 8,600 | 201,516 | ||||||
Hiday Hidaka Corp. | 6,120 | 152,669 | ||||||
Hiramatsu, Inc.(a) | 30,200 | 144,540 | ||||||
HIS Co., Ltd. | 4,400 | 159,699 | ||||||
Ichibanya Co., Ltd.(a) | 4,500 | 185,755 | ||||||
KFC Holdings Japan Ltd. | 14,000 | 262,887 | ||||||
KOMEDA Holdings Co., Ltd. | 15,300 | 291,038 | ||||||
Koshidaka Holdings Co., Ltd. | 2,000 | 136,906 | ||||||
Kyoritsu Maintenance Co., Ltd.(a) | 5,400 | 258,448 | ||||||
MOS Food Services, Inc.(a) | 4,300 | 128,171 | ||||||
Ohsho Food Service Corp. | 6,200 | 306,648 | ||||||
Plenus Co., Ltd.(a) | 13,000 | 252,299 | ||||||
Resorttrust, Inc. | 25,600 | 537,516 | ||||||
Round One Corp. | 22,700 | 359,443 | ||||||
Saizeriya Co., Ltd. | 3,400 | 96,869 | ||||||
SFP Holdings Co., Ltd.(a) | 4,100 | 70,974 | ||||||
Skylark Co., Ltd.(a) | 48,300 | 695,774 | ||||||
St. Marc Holdings Co., Ltd. | 6,300 | 182,454 | ||||||
Tokyo Dome Corp. | 20,700 | 197,171 | ||||||
Tokyotokeiba Co., Ltd. | 6,500 | 240,503 | ||||||
Toridoll Holdings Corp. | 4,200 | 153,032 | ||||||
Yoshinoya Holdings Co., Ltd. | 10,300 | 206,581 | ||||||
Zensho Holdings Co., Ltd.(a) | 13,400 | 305,170 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 5,745,593 | |||||||
Household Durables – 2.4% | ||||||||
Alpine Electronics, Inc.(a) | 15,600 | 294,104 | ||||||
Clarion Co., Ltd. | 20,000 | 62,435 | ||||||
Cleanup Corp. | 23,900 | 183,155 | ||||||
ES-Con Japan Ltd. | 28,100 | 265,279 | ||||||
Foster Electric Co., Ltd. | 6,906 | 168,770 | ||||||
France Bed Holdings Co., Ltd.(a) | 5,500 | 48,716 | ||||||
Fuji Corp., Ltd. | 29,500 | 249,647 | ||||||
Fujitsu General Ltd. | 11,200 | 200,410 | ||||||
JVC Kenwood Corp. | 33,300 | 111,157 | ||||||
Ki-Star Real Estate Co., Ltd.(a) | 4,500 | 113,611 | ||||||
Meiwa Estate Co., Ltd. | 14,200 | 100,275 | ||||||
Misawa Homes Co., Ltd. | 11,100 | 92,683 | ||||||
Mitsui Home Co., Ltd. | 20,000 | 127,503 | ||||||
Nihon House Holdings Co., Ltd. | 30,500 | 166,051 | ||||||
Nissei Build Kogyo Co., Ltd. | 15,700 | 188,223 | ||||||
Pressance Corp. | 9,400 | 142,834 | ||||||
Sanei Architecture Planning Co., Ltd. | 5,700 | 120,164 | ||||||
Sangetsu Corp. | 27,100 | 561,621 | ||||||
Starts Corp., Inc. | 12,600 | 342,753 | ||||||
Sumitomo Forestry Co., Ltd. | 40,700 | 652,884 | ||||||
Tamron Co., Ltd. | 9,400 | 197,988 | ||||||
TOA Corp. | 5,600 | 69,348 | ||||||
Token Corp.(a) | 2,000 | 201,410 | ||||||
Zojirushi Corp.(a) | 17,000 | 243,771 | ||||||
|
| |||||||
Total Household Durables | 4,904,792 | |||||||
Household Products – 0.1% | ||||||||
Earth Corp.(a) | 4,000 | 211,378 | ||||||
Independent Power & Renewable Electricity Producers – 0.0% | ||||||||
West Holdings Corp.(a) | 13,500 | 82,891 | ||||||
Industrial Conglomerates – 0.6% | ||||||||
Nisshinbo Holdings, Inc. | 57,000 | 766,968 | ||||||
TOKAI Holdings Corp. | 47,300 | 479,449 | ||||||
|
| |||||||
Total Industrial Conglomerates | 1,246,417 | |||||||
Internet & Catalog Retail – 0.2% | ||||||||
ASKUL Corp.(a) | 7,900 | 266,305 | ||||||
Belluna Co., Ltd. | 18,100 | 214,613 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 480,918 | |||||||
Internet Software & Services – 1.1% | ||||||||
COOKPAD, Inc.(a) | 14,900 | 83,782 | ||||||
Dip Corp. | 10,500 | 332,722 | ||||||
F@N Communications, Inc. | 9,500 | 63,333 | ||||||
GMO Internet, Inc.(a) | 24,700 | 497,716 | ||||||
Gurunavi, Inc.(a) | 9,400 | 131,079 | ||||||
Infomart Corp.(a) | 10,700 | 102,724 | ||||||
Internet Initiative Japan, Inc. | 7,600 | 154,144 | ||||||
Kakaku.com, Inc.(a) | 46,900 | 821,136 | ||||||
|
| |||||||
Total Internet Software & Services | 2,186,636 | |||||||
IT Services – 2.1% | ||||||||
Digital Garage, Inc. | 3,900 | 130,550 | ||||||
DTS Corp. | 7,300 | 252,600 | ||||||
Future Corp. | 17,300 | 215,864 | ||||||
GMO Payment Gateway, Inc.(a) | 1,800 | 179,069 | ||||||
Information Services International-Dentsu Ltd. | 8,000 | 215,439 | ||||||
Kanematsu Electronics Ltd. | 8,400 | 246,037 | ||||||
Mitsubishi Research Institute, Inc. | 7,100 | 223,982 | ||||||
NEC Networks & System Integration Corp. | 17,000 | 443,263 | ||||||
NET One Systems Co., Ltd. | 32,000 | 488,350 | ||||||
Nihon Unisys Ltd. | 23,400 | 504,745 | ||||||
NS Solutions Corp. | 21,700 | 620,291 | ||||||
TIS, Inc. | 12,200 | 482,952 | ||||||
Transcosmos, Inc. | 17,500 | 451,528 | ||||||
|
| |||||||
Total IT Services | 4,454,670 | |||||||
Leisure Products – 1.6% | ||||||||
Daikoku Denki Co., Ltd.(a) | 5,300 | 87,760 | ||||||
Fields Corp.(a) | 20,200 | 221,279 | ||||||
Furyu Corp.(a) | 7,900 | 73,317 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 115 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2018
Investments | Shares | Value | ||||||
Heiwa Corp.(a) | 37,600 | $ | 756,243 | |||||
Mizuno Corp. | 5,600 | 170,080 | ||||||
Sankyo Co., Ltd. | 38,400 | 1,354,020 | ||||||
Tomy Co., Ltd. | 2,700 | 27,724 | ||||||
Universal Entertainment Corp.*(a) | 13,300 | 609,661 | ||||||
|
| |||||||
Total Leisure Products | 3,300,084 | |||||||
Life Sciences Tools & Services – 0.1% | ||||||||
EPS Holdings, Inc. | 8,000 | 164,363 | ||||||
Machinery – 6.6% | ||||||||
Aichi Corp.(a) | 17,800 | 121,345 | ||||||
Aida Engineering Ltd. | 21,700 | 262,400 | ||||||
Alinco, Inc. | 15,200 | 157,074 | ||||||
Anest Iwata Corp. | 4,100 | 44,450 | ||||||
Asahi Diamond Industrial Co., Ltd. | 8,800 | 92,675 | ||||||
Bando Chemical Industries Ltd. | 21,900 | 251,021 | ||||||
CKD Corp. | 14,700 | 327,173 | ||||||
DMG Mori Co., Ltd. | 18,500 | 345,820 | ||||||
Ebara Corp. | 18,100 | 657,795 | ||||||
Fujitec Co., Ltd. | 21,600 | 284,344 | ||||||
Furukawa Co., Ltd. | 8,300 | 154,918 | ||||||
Giken Ltd.(a) | 3,800 | 107,551 | ||||||
Glory Ltd. | 11,100 | 396,093 | ||||||
Harmonic Drive Systems, Inc.(a) | 5,000 | 287,259 | ||||||
Hirata Corp.(a) | 700 | 64,372 | ||||||
Hitachi Zosen Corp. | 28,335 | 145,205 | ||||||
Hosokawa Micron Corp. | 600 | 41,467 | ||||||
Japan Steel Works Ltd. (The) | 11,003 | 351,248 | ||||||
Juki Corp. | 7,300 | 102,619 | ||||||
Kato Works Co., Ltd.(a) | 4,600 | 105,841 | ||||||
Kitagawa Iron Works Co., Ltd. | 4,700 | 119,809 | ||||||
Kito Corp. | 12,400 | 231,443 | ||||||
Kitz Corp. | 27,300 | 234,623 | ||||||
Kurita Water Industries Ltd. | 17,500 | 555,360 | ||||||
Kyokuto Kaihatsu Kogyo Co., Ltd. | 7,700 | 113,455 | ||||||
Makino Milling Machine Co., Ltd. | 16,000 | 150,146 | ||||||
Max Co., Ltd. | 13,200 | 169,546 | ||||||
Meidensha Corp. | 36,000 | 137,433 | ||||||
METAWATER Co., Ltd. | 5,700 | 178,209 | ||||||
Mitsubishi Logisnext Co., Ltd. | 12,400 | 104,354 | ||||||
Mitsuboshi Belting Ltd. | 10,000 | 110,672 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd.(a) | 11,200 | 182,191 | ||||||
Miura Co., Ltd. | 10,300 | 324,932 | ||||||
Morita Holdings Corp. | 6,200 | 117,412 | ||||||
Nachi-Fujikoshi Corp. | 53,000 | 321,937 | ||||||
Nippon Thompson Co., Ltd. | 23,200 | 185,425 | ||||||
Nissei ASB Machine Co., Ltd. | 3,400 | 236,258 | ||||||
Nitta Corp. | 5,500 | 204,537 | ||||||
Noritake Co., Ltd. | 3,500 | 151,716 | ||||||
NTN Corp. | 115,700 | 483,035 | ||||||
Obara Group, Inc. | 2,700 | 159,944 | ||||||
Oiles Corp. | 4,300 | 91,580 | ||||||
OKUMA Corp. | 5,200 | 306,084 | ||||||
OSG Corp. | 18,900 | 433,980 | ||||||
Rheon Automatic Machinery Co., Ltd. | 4,300 | 87,294 | ||||||
Ryobi Ltd. | 9,200 | 242,479 | ||||||
Shibuya Corp. | 4,000 | 144,053 | ||||||
Shima Seiki Manufacturing Ltd.(a) | 4,100 | 284,899 | ||||||
Shinmaywa Industries Ltd. | 13,500 | 111,072 | ||||||
Sodick Co., Ltd. | 13,100 | 171,587 | ||||||
Star Micronics Co., Ltd. | 15,700 | 292,447 | ||||||
Tadano Ltd. | 23,300 | 349,445 | ||||||
Takeuchi Manufacturing Co., Ltd. | 4,900 | 109,426 | ||||||
Takuma Co., Ltd. | 10,300 | 112,733 | ||||||
Tocalo Co., Ltd. | 24,000 | 292,694 | ||||||
Toshiba Machine Co., Ltd. | 46,000 | 323,535 | ||||||
Tsubaki Nakashima Co., Ltd. | 17,500 | 453,503 | ||||||
Tsubakimoto Chain Co. | 50,000 | 407,146 | ||||||
Tsugami Corp. | 14,000 | 176,135 | ||||||
Union Tool Co. | 4,500 | 158,886 | ||||||
YAMABIKO Corp. | 10,500 | 137,334 | ||||||
Yushin Precision Equipment Co., Ltd.(a) | 9,000 | 146,149 | ||||||
|
| |||||||
Total Machinery | 13,605,568 | |||||||
Marine – 0.1% | ||||||||
Iino Kaiun Kaisha Ltd. | 32,300 | 154,590 | ||||||
NS United Kaiun Kaisha Ltd. | 3,700 | 75,496 | ||||||
|
| |||||||
Total Marine | 230,086 | |||||||
Media – 1.4% | ||||||||
Asahi Broadcasting Corp. | �� | 4,600 | 38,063 | |||||
Avex, Inc. | 24,500 | 344,405 | ||||||
D.A. Consortium Holdings, Inc. | 7,700 | 184,916 | ||||||
Daiichikosho Co., Ltd. | 13,700 | 726,544 | ||||||
Kadokawa Dwango(a) | 12,500 | 130,348 | ||||||
LIFULL Co., Ltd.(a) | 14,200 | 128,047 | ||||||
SKY Perfect JSAT Holdings, Inc. | 141,300 | 635,086 | ||||||
Toei Co., Ltd. | 1,000 | 108,886 | ||||||
Tri-Stage, Inc.(a) | 1,000 | 4,702 | ||||||
Tv Tokyo Holdings Corp. | 5,400 | 141,969 | ||||||
Wowow, Inc. | 7,400 | 232,750 | ||||||
Zenrin Co., Ltd. | 9,000 | 190,155 | ||||||
|
| |||||||
Total Media | 2,865,871 | |||||||
Metals & Mining – 2.6% | ||||||||
Aichi Steel Corp. | 4,300 | 176,286 | ||||||
Asahi Holdings, Inc. | 13,400 | 249,604 | ||||||
Daido Steel Co., Ltd. | 7,900 | 404,100 | ||||||
Daiki Aluminium Industry Co., Ltd. | 8,200 | 57,442 | ||||||
Dowa Holdings Co., Ltd.(a) | 15,500 | 555,289 | ||||||
Godo Steel Ltd.(a) | 5,800 | 116,273 | ||||||
Kurimoto Ltd. | 3,400 | 64,707 | ||||||
Kyoei Steel Ltd.(a) | 11,900 | 205,215 | ||||||
Maruichi Steel Tube Ltd.(a) | 29,700 | 909,013 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 4,000 | 92,073 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 10,300 | 467,785 | ||||||
Nippon Denko Co., Ltd.(a) | 20,700 | 65,399 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 218,500 | 585,543 | ||||||
Nittetsu Mining Co., Ltd. | 2,100 | 121,636 |
See Notes to Financial Statements.
116 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2018
Investments | Shares | Value | ||||||
Sanyo Special Steel Co., Ltd. | 7,800 | $ | 195,825 | |||||
Toho Zinc Co., Ltd.(a) | 3,400 | 161,768 | ||||||
Tokyo Rope Manufacturing Co., Ltd.(a) | 4,800 | 94,872 | ||||||
Tokyo Steel Manufacturing Co., Ltd.(a) | 20,000 | 160,790 | ||||||
Topy Industries Ltd. | 6,200 | 180,724 | ||||||
Toyo Kohan Co., Ltd. | 33,200 | 222,894 | ||||||
UACJ Corp.(a) | 10,653 | 273,462 | ||||||
|
| |||||||
Total Metals & Mining | 5,360,700 | |||||||
Multiline Retail – 0.6% | ||||||||
H2O Retailing Corp. | 29,600 | 541,623 | ||||||
Parco Co., Ltd.(a) | 22,100 | 296,329 | ||||||
Sanyo Electric Railway Co., Ltd. | 800 | 19,844 | ||||||
Takashimaya Co., Ltd. | 50,000 | 480,019 | ||||||
|
| |||||||
Total Multiline Retail | 1,337,815 | |||||||
Oil, Gas & Consumable Fuels – 0.9% | ||||||||
BP Castrol K.K. | 12,100 | 189,663 | ||||||
Cosmo Energy Holdings Co., Ltd. | 26,800 | 868,134 | ||||||
Fuji Oil Co., Ltd. | 34,900 | 137,828 | ||||||
Itochu Enex Co., Ltd. | 48,700 | 457,464 | ||||||
San-Ai Oil Co., Ltd. | 21,300 | 313,441 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 1,966,530 | |||||||
Paper & Forest Products – 0.7% | ||||||||
Chuetsu Pulp & Paper Co., Ltd.(a) | 2,899 | 51,983 | ||||||
Daiken Corp. | 9,000 | 212,581 | ||||||
Daio Paper Corp.(a) | 14,400 | 203,103 | ||||||
Hokuetsu Kishu Paper Co., Ltd.(a) | 31,500 | 203,188 | ||||||
Nippon Paper Industries Co., Ltd.(a) | 38,300 | 715,221 | ||||||
|
| |||||||
Total Paper & Forest Products | 1,386,076 | |||||||
Personal Products – 1.2% | ||||||||
Artnature, Inc. | 26,900 | 180,092 | ||||||
Ci:z Holdings Co., Ltd. | 8,100 | 403,667 | ||||||
Fancl Corp.(a) | 20,800 | 761,787 | ||||||
Mandom Corp. | 8,600 | 296,775 | ||||||
Milbon Co., Ltd. | 7,000 | 309,685 | ||||||
Noevir Holdings Co., Ltd. | 8,500 | 613,023 | ||||||
|
| |||||||
Total Personal Products | 2,565,029 | |||||||
Pharmaceuticals – 2.0% | ||||||||
Fuji Pharma Co., Ltd. | 4,600 | 214,969 | ||||||
JCR Pharmaceuticals Co., Ltd. | 4,200 | 239,718 | ||||||
Kaken Pharmaceutical Co., Ltd. | 12,900 | 761,749 | ||||||
KYORIN Holdings, Inc. | 16,200 | 304,502 | ||||||
Mochida Pharmaceutical Co., Ltd. | 4,600 | 323,536 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 14,000 | 220,498 | ||||||
Rohto Pharmaceutical Co., Ltd. | 14,200 | 397,226 | ||||||
Sawai Pharmaceutical Co., Ltd.(a) | 8,100 | 355,684 | ||||||
Seikagaku Corp. | 10,000 | 182,417 | ||||||
Torii Pharmaceutical Co., Ltd.(a) | 5,900 | 155,780 | ||||||
Towa Pharmaceutical Co., Ltd. | 3,700 | 231,359 | ||||||
Tsumura & Co. | 14,200 | 488,021 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 9,800 | 196,092 | ||||||
|
| |||||||
Total Pharmaceuticals | 4,071,551 | |||||||
Professional Services – 1.9% | ||||||||
Altech Corp.(a) | 7,200 | 166,274 | ||||||
Benefit One, Inc.(a) | 9,400 | 260,124 | ||||||
en-japan, Inc. | 4,800 | 278,477 | ||||||
FULLCAST Holdings Co., Ltd. | 6,200 | 153,441 | ||||||
Funai Soken Holdings, Inc. | 6,340 | 135,742 | ||||||
JAC Recruitment Co., Ltd.(a) | 6,200 | 132,686 | ||||||
Japan Asia Group Ltd. | 9,800 | 48,931 | ||||||
Meitec Corp. | 11,000 | 609,215 | ||||||
Nihon M&A Center, Inc. | 10,600 | 364,795 | ||||||
Nomura Co., Ltd. | 9,000 | 194,640 | ||||||
Pasco Corp.* | 2,000 | 5,999 | ||||||
Space Co., Ltd.(a) | 14,390 | 198,903 | ||||||
Tanseisha Co., Ltd. | 8,400 | 102,680 | ||||||
TechnoPro Holdings, Inc. | 9,500 | 572,590 | ||||||
Weathernews, Inc. | 4,100 | 130,113 | ||||||
World Holdings Co., Ltd. | 4,500 | 192,948 | ||||||
Yumeshin Holdings Co., Ltd. | 34,400 | 380,389 | ||||||
|
| |||||||
Total Professional Services | 3,927,947 | |||||||
Real Estate Management & Development – 3.4% | ||||||||
Airport Facilities Co., Ltd. | 9,600 | 57,140 | ||||||
Daibiru Corp. | 20,100 | 233,035 | ||||||
Daikyo, Inc.(a) | 29,800 | 603,285 | ||||||
Goldcrest Co., Ltd. | 8,300 | 177,472 | ||||||
Heiwa Real Estate Co., Ltd. | 3,800 | 73,249 | ||||||
Investors Cloud Co., Ltd.(a) | 5,200 | 119,157 | ||||||
Keihanshin Building Co., Ltd. | 31,500 | 263,907 | ||||||
Kenedix, Inc. | 29,500 | 183,630 | ||||||
Leopalace21 Corp. | 106,300 | 886,583 | ||||||
Nippon Commercial Development Co., Ltd.(a) | 7,900 | 128,213 | ||||||
NTT Urban Development Corp. | 66,800 | 816,549 | ||||||
Open House Co., Ltd. | 16,800 | 1,042,595 | ||||||
Raysum Co., Ltd. | 14,900 | 186,057 | ||||||
Relo Group, Inc. | 14,680 | 406,650 | ||||||
SAMTY Co., Ltd.(a) | 10,000 | 173,954 | ||||||
Shinoken Group Co., Ltd. | 2,300 | 71,584 | ||||||
Sun Frontier Fudousan Co., Ltd.(a) | 12,900 | 142,161 | ||||||
Takara Leben Co., Ltd.(a) | 39,100 | 169,121 | ||||||
TOC Co., Ltd. | 14,800 | 120,376 | ||||||
Tokyo Tatemono Co., Ltd. | 42,000 | 633,061 | ||||||
Tosei Corp. | 29,400 | 350,257 | ||||||
Unizo Holdings Co., Ltd.(a) | 7,500 | 181,876 | ||||||
|
| |||||||
Total Real Estate Management & Development | 7,019,912 | |||||||
Road & Rail – 2.4% | ||||||||
Fukuyama Transporting Co., Ltd.(a) | 9,200 | 406,150 | ||||||
Hitachi Transport System Ltd. | 17,800 | 500,442 | ||||||
Ichinen Holdings Co., Ltd. | 11,500 | 162,741 | ||||||
Maruzen Showa Unyu Co., Ltd. | 46,000 | 220,592 | ||||||
Nankai Electric Railway Co., Ltd. | 11,600 | 290,791 | ||||||
Nikkon Holdings Co., Ltd. | 18,000 | 472,214 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 8,200 | 214,349 | ||||||
Sakai Moving Service Co., Ltd. | 2,400 | 123,216 | ||||||
Sankyu, Inc. | 10,600 | 525,266 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 117 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2018
Investments | Shares | Value | ||||||
Seino Holdings Co., Ltd. | 46,300 | $ | 852,425 | |||||
Senko Group Holdings Co., Ltd.(a) | 45,300 | 352,688 | ||||||
Sotetsu Holdings, Inc. | 23,600 | 627,558 | ||||||
Tonami Holdings Co., Ltd. | 2,400 | 141,946 | ||||||
|
| |||||||
Total Road & Rail | 4,890,378 | |||||||
Semiconductors & Semiconductor Equipment – 1.0% | ||||||||
Japan Material Co., Ltd.(a) | 10,500 | 136,248 | ||||||
Lasertec Corp. | 11,800 | 433,832 | ||||||
MegaChips Corp.*(a) | 5,092 | 183,379 | ||||||
Mimasu Semiconductor Industry Co., Ltd. | 8,600 | 155,746 | ||||||
NuFlare Technology, Inc. | 3,200 | 203,103 | ||||||
Shindengen Electric Manufacturing Co., Ltd. | 2,400 | 158,646 | ||||||
Shinko Electric Industries Co., Ltd. | 45,200 | 338,735 | ||||||
Tokyo Seimitsu Co., Ltd. | 8,900 | 359,431 | ||||||
Ulvac, Inc. | 1,300 | 72,976 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 2,042,096 | |||||||
Software – 1.7% | ||||||||
Broadleaf Co., Ltd. | 30,400 | 151,214 | ||||||
Capcom Co., Ltd. | 29,400 | 635,549 | ||||||
COLOPL, Inc.(a) | 18,800 | 163,694 | ||||||
Fuji Soft, Inc. | 4,000 | 160,226 | ||||||
GungHo Online Entertainment, Inc.(a) | 135,400 | 460,882 | ||||||
Koei Tecmo Holdings Co., Ltd. | 29,200 | 570,546 | ||||||
Marvelous, Inc.(a) | 18,300 | 156,759 | ||||||
Miroku Jyoho Service Co., Ltd. | 4,200 | 125,585 | ||||||
MTI Ltd. | 16,300 | 100,850 | ||||||
NSD Co., Ltd. | 10,300 | 210,261 | ||||||
OBIC Business Consultants Co., Ltd.(a) | 4,700 | 300,959 | ||||||
SRA Holdings(a) | 4,300 | 123,521 | ||||||
Systena Corp. | 7,100 | 293,080 | ||||||
|
| |||||||
Total Software | 3,453,126 | |||||||
Specialty Retail – 5.1% | ||||||||
Adastria Co., Ltd.(a) | 12,722 | 259,464 | ||||||
Alpen Co., Ltd. | 14,400 | 321,038 | ||||||
AOKI Holdings, Inc. | 26,900 | 412,037 | ||||||
Aoyama Trading Co., Ltd. | 31,500 | 1,241,044 | ||||||
Arcland Sakamoto Co., Ltd. | 9,900 | 164,767 | ||||||
Autobacs Seven Co., Ltd. | 34,000 | 637,480 | ||||||
Bic Camera, Inc. | 19,100 | 300,643 | ||||||
Chiyoda Co., Ltd. | 11,100 | 278,778 | ||||||
DCM Holdings Co., Ltd. | 41,900 | 425,501 | ||||||
EDION Corp. | 38,500 | 448,171 | ||||||
Geo Holdings Corp.(a) | 23,700 | 379,735 | ||||||
Gfoot Co., Ltd.(a) | 8,700 | 62,745 | ||||||
Hard Off Corp. Co., Ltd.(a) | 8,800 | 89,448 | ||||||
Honeys Holdings Co., Ltd. | 1,200 | 11,498 | ||||||
IDOM, Inc. | 21,400 | 151,319 | ||||||
JINS, Inc.(a) | 800 | 44,532 | ||||||
Joshin Denki Co., Ltd. | 3,100 | 113,244 | ||||||
K’s Holdings Corp. | 72,668 | 1,005,121 | ||||||
Keiyo Co., Ltd.(a) | 15,700 | 82,080 | ||||||
Kohnan Shoji Co., Ltd. | 8,200 | 195,767 | ||||||
Komeri Co., Ltd. | 9,200 | 245,160 | ||||||
Konaka Co., Ltd. | 23,900 | 131,691 | ||||||
Kyoto Kimono Yuzen Co., Ltd.(a) | 1,900 | 13,703 | ||||||
Nishimatsuya Chain Co., Ltd. | 20,200 | 227,737 | ||||||
Nojima Corp. | 8,400 | 198,646 | ||||||
PAL GROUP Holdings Co., Ltd. | 6,900 | 191,137 | ||||||
PC Depot Corp.(a) | 17,600 | 119,319 | ||||||
Right On Co., Ltd.(a) | 8,800 | 77,202 | ||||||
Sanrio Co., Ltd.(a) | 35,657 | 648,096 | ||||||
Shimachu Co., Ltd. | 19,100 | 610,625 | ||||||
T-Gaia Corp. | 23,500 | 654,288 | ||||||
United Arrows Ltd. | 8,000 | 308,415 | ||||||
VT Holdings Co., Ltd.(a) | 45,354 | 231,568 | ||||||
Xebio Holdings Co., Ltd. | 8,700 | 172,446 | ||||||
Yellow Hat Ltd. | 4,800 | 142,398 | ||||||
|
| |||||||
Total Specialty Retail | 10,596,843 | |||||||
Technology Hardware, Storage & Peripherals – 0.5% | ||||||||
Elecom Co., Ltd. | 8,900 | 212,646 | ||||||
Maxell Holdings Ltd. | 9,600 | 187,035 | ||||||
MCJ Co., Ltd. | 13,800 | 178,810 | ||||||
Riso Kagaku Corp. | 13,500 | 251,467 | ||||||
Roland DG Corp. | 3,600 | 82,900 | ||||||
Wacom Co., Ltd.(a) | 32,600 | 163,996 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 1,076,854 | |||||||
Textiles, Apparel & Luxury Goods – 1.5% | ||||||||
Descente Ltd. | 9,100 | 143,666 | ||||||
Fujibo Holdings, Inc. | 3,400 | 123,404 | ||||||
Goldwin, Inc.(a) | 1,600 | 95,985 | ||||||
Gunze Ltd. | 5,300 | 300,508 | ||||||
Japan Wool Textile Co., Ltd. (The) | 36,600 | 359,289 | ||||||
Kurabo Industries Ltd. | 83,000 | 261,448 | ||||||
Onward Holdings Co., Ltd. | 62,639 | 543,637 | ||||||
Seiko Holdings Corp. | 13,700 | 331,583 | ||||||
Seiren Co., Ltd. | 14,300 | 267,175 | ||||||
Wacoal Holdings Corp. | 19,100 | 553,155 | ||||||
Yondoshi Holdings, Inc.(a) | 8,200 | 212,575 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 3,192,425 | |||||||
Trading Companies & Distributors – 3.3% | ||||||||
Advan Co., Ltd.(a) | 10,300 | 95,882 | ||||||
Alconix Corp. | 10,600 | 212,199 | ||||||
Daiichi Jitsugyo Co., Ltd. | 1,400 | 40,611 | ||||||
Gecoss Corp. | 14,900 | 154,954 | ||||||
Hanwa Co., Ltd. | 10,800 | 454,951 | ||||||
Inaba Denki Sangyo Co., Ltd. | 9,200 | 407,015 | ||||||
Inabata & Co., Ltd. | 24,600 | 373,800 | ||||||
Iwatani Corp.(a) | 6,000 | 221,721 | ||||||
Japan Pulp & Paper Co., Ltd. | 4,200 | 169,619 | ||||||
Kamei Corp. | 10,400 | 145,903 | ||||||
Kanamoto Co., Ltd. | 4,600 | 153,117 | ||||||
Kanematsu Corp. | 16,400 | 225,452 | ||||||
Mitsui Matsushima Co., Ltd. | 9,400 | 133,818 | ||||||
Nagase & Co., Ltd. | 30,400 | 515,957 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 11,996 | 664,376 |
See Notes to Financial Statements.
118 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
March 31, 2018
Investments | Shares | Value | ||||||
Nishio Rent All Co., Ltd. | 4,500 | $ | 137,729 | |||||
Onoken Co., Ltd. | 9,400 | 164,047 | ||||||
Sanyo Trading Co., Ltd.(a) | 4,800 | 91,306 | ||||||
Seika Corp. | 4,700 | 117,732 | ||||||
Sojitz Corp.(a) | 441,000 | 1,414,020 | ||||||
Trusco Nakayama Corp. | 9,500 | 235,557 | ||||||
Wakita & Co., Ltd. | 12,700 | 141,867 | ||||||
Yamazen Corp. | 24,400 | 254,898 | ||||||
Yuasa Trading Co., Ltd. | 9,400 | 310,240 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 6,836,771 | |||||||
Transportation Infrastructure – 0.4% | ||||||||
Japan Airport Terminal Co., Ltd.(a) | 5,800 | 221,693 | ||||||
Kamigumi Co., Ltd. | 15,900 | 355,227 | ||||||
Mitsubishi Logistics Corp.(a) | 3,700 | 78,627 | ||||||
Nissin Corp. | 6,000 | 158,138 | ||||||
|
| |||||||
Total Transportation Infrastructure | 813,685 | |||||||
TOTAL COMMON STOCKS (Cost: $172,262,286) | 205,307,820 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.0% | ||||||||
United States – 11.0% | ||||||||
State Street Navigator Securities Lending |
| |||||||
(Cost: $22,883,309)(c) | 22,883,309 | 22,883,309 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 110.0% (Cost: $195,145,595) | 228,191,129 | |||||||
Other Assets less Liabilities – (10.0)% | (20,757,553 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 207,433,576 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $35,254,827 and the total market value of the collateral held by the Fund was $37,637,530. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,754,221. |
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. | 4/4/2018 | 4,764,818,307 | JPY | 44,812,114 | USD | $ | — | $ | (6,095 | ) | ||||||||||||||||||
Bank of America N.A. | 4/4/2018 | 44,812,114 | USD | 4,770,106,136 | JPY | — | (43,629 | ) | ||||||||||||||||||||
Bank of America N.A. | 5/7/2018 | 42,939,144 | USD | 4,556,431,444 | JPY | 14,886 | — | |||||||||||||||||||||
Bank of Montreal | 4/4/2018 | 44,812,114 | USD | 4,770,038,918 | JPY | — | (42,997 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 4,764,898,968 | JPY | 44,812,114 | USD | — | (5,337 | ) | ||||||||||||||||||||
Barclays Bank PLC | 4/4/2018 | 44,812,114 | USD | 4,770,047,880 | JPY | — | (43,081 | ) | ||||||||||||||||||||
Barclays Bank PLC | 5/7/2018 | 42,939,144 | USD | 4,556,586,025 | JPY | 13,430 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 4/4/2018 | 44,812,114 | USD | 4,770,966,529 | JPY | — | (51,720 | ) | ||||||||||||||||||||
Citibank N.A. | 4/4/2018 | 4,764,957,224 | JPY | 44,812,114 | USD | — | (4,789 | ) | ||||||||||||||||||||
Citibank N.A. | 5/7/2018 | 42,939,144 | USD | 4,556,607,495 | JPY | 13,227 | — | |||||||||||||||||||||
Credit Suisse International | 4/2/2018 | 75,225 | USD | 8,000,000 | JPY | 2 | — | |||||||||||||||||||||
Credit Suisse International | 4/4/2018 | 4,764,885,525 | JPY | 44,812,114 | USD | — | (5,463 | ) | ||||||||||||||||||||
Credit Suisse International | 5/7/2018 | 42,939,144 | USD | 4,556,530,204 | JPY | 13,956 | — | |||||||||||||||||||||
Goldman Sachs | 4/4/2018 | 3,630,355,036 | JPY | 34,142,565 | USD | — | (4,483 | ) | ||||||||||||||||||||
Goldman Sachs | 5/7/2018 | 32,715,542 | USD | 3,471,734,058 | JPY | 9,770 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/4/2018 | 34,142,565 | USD | 3,634,274,603 | JPY | — | (32,374 | ) | ||||||||||||||||||||
$ | 65,271 | $ | (239,968 | ) |
CURRENCY LEGEND |
JPY – Japanese yen
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 119 |
Table of Contents
Schedule of Investments
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.9% | ||||||||
Japan – 98.9% | ||||||||
Air Freight & Logistics – 0.5% | ||||||||
AIT Corp. | 54,200 | $ | 590,670 | |||||
Kintetsu World Express, Inc. | 51,800 | 973,168 | ||||||
Konoike Transport Co., Ltd. | 84,000 | 1,454,894 | ||||||
Maruwa Unyu Kikan Co., Ltd.(a) | 29,400 | 874,951 | ||||||
SBS Holdings, Inc.(a) | 23,000 | 299,097 | ||||||
Shibusawa Warehouse Co., Ltd. (The) | 44,400 | 753,151 | ||||||
|
| |||||||
Total Air Freight & Logistics | 4,945,931 | |||||||
Auto Components – 5.0% | ||||||||
Aisan Industry Co., Ltd. | 76,500 | 819,309 | ||||||
Daido Metal Co., Ltd. | 61,700 | 710,116 | ||||||
Daikyonishikawa Corp. | 61,600 | 1,010,159 | ||||||
Eagle Industry Co., Ltd. | 78,100 | 1,370,330 | ||||||
Exedy Corp. | 76,725 | 2,420,427 | ||||||
FCC Co., Ltd. | 59,700 | 1,677,887 | ||||||
G-Tekt Corp. | 29,600 | 570,012 | ||||||
H-One Co., Ltd. | 32,800 | 428,389 | ||||||
Imasen Electric Industrial | 55,200 | 632,192 | ||||||
Kasai Kogyo Co., Ltd. | 53,500 | 693,714 | ||||||
Keihin Corp. | 135,821 | 2,768,782 | ||||||
KYB Corp. | 20,740 | 984,833 | ||||||
Mitsuba Corp. | 29,300 | 376,616 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 33,500 | 1,132,416 | ||||||
NHK Spring Co., Ltd. | 299,300 | 3,166,079 | ||||||
Nifco, Inc.(a) | 117,572 | 4,013,036 | ||||||
Nihon Tokushu Toryo Co., Ltd. | 12,100 | 241,659 | ||||||
Nissin Kogyo Co., Ltd. | 76,300 | 1,318,659 | ||||||
Pacific Industrial Co., Ltd. | 60,700 | 836,159 | ||||||
Piolax, Inc. | 22,400 | 587,223 | ||||||
Press Kogyo Co., Ltd. | 160,900 | 957,684 | ||||||
Sanoh Industrial Co., Ltd. | 116,500 | 819,389 | ||||||
Shoei Co., Ltd. | 33,800 | 1,320,536 | ||||||
Sumitomo Riko Co., Ltd. | 83,700 | 847,625 | ||||||
Tachi-S Co., Ltd. | 27,300 | 488,499 | ||||||
Taiho Kogyo Co., Ltd. | 80,000 | 1,142,642 | ||||||
Tokai Rika Co., Ltd. | 145,658 | 2,984,380 | ||||||
Topre Corp. | 53,900 | 1,560,997 | ||||||
Toyo Tire & Rubber Co., Ltd. | 149,400 | 2,573,585 | ||||||
Toyoda Gosei Co., Ltd. | 168,500 | 3,919,784 | ||||||
TPR Co., Ltd. | 26,600 | 769,111 | ||||||
TS Tech Co., Ltd. | 101,800 | 4,034,668 | ||||||
Unipres Corp. | 49,203 | 1,113,140 | ||||||
Yokohama Rubber Co., Ltd. (The) | 267,700 | 6,199,766 | ||||||
Yorozu Corp. | 53,600 | 902,657 | ||||||
|
| |||||||
Total Auto Components | 55,392,460 | |||||||
Automobiles – 0.1% | ||||||||
Nissan Shatai Co., Ltd. | 74,700 | 781,769 | ||||||
Banks – 6.7% | ||||||||
77 Bank Ltd. (The) | 59,200 | 1,394,415 | ||||||
Akita Bank Ltd. (The) | 2,200 | 58,853 | ||||||
Aomori Bank Ltd. (The) | 30,062 | 910,199 | ||||||
Awa Bank Ltd. (The) | 251,378 | 1,612,034 | ||||||
Bank of Iwate Ltd. (The) | 22,500 | 890,691 | ||||||
Bank of Kyoto Ltd. (The)(a) | 62,200 | 3,474,076 | ||||||
Bank of Nagoya Ltd. (The)(a) | 23,669 | 880,215 | ||||||
Bank of Okinawa Ltd. (The) | 31,380 | 1,324,835 | ||||||
Bank of Saga Ltd. (The) | 25,244 | 553,540 | ||||||
Bank of the Ryukyus Ltd. | 57,608 | 875,360 | ||||||
Chugoku Bank Ltd. (The) | 187,200 | 2,205,563 | ||||||
Daishi Bank Ltd. (The) | 52,055 | 2,300,503 | ||||||
Ehime Bank Ltd. (The)(a) | 53,999 | 639,762 | ||||||
Eighteenth Bank Ltd. (The) | 242,046 | 621,331 | ||||||
FIDEA Holdings Co., Ltd. | 626,000 | 1,141,928 | ||||||
Fukui Bank Ltd. (The) | 22,667 | 496,607 | ||||||
Gunma Bank Ltd. (The) | 651,400 | 3,699,536 | ||||||
Hachijuni Bank Ltd. (The) | 739,000 | 3,960,790 | ||||||
Hiroshima Bank Ltd. (The) | 430,500 | 3,242,412 | ||||||
Hokkoku Bank Ltd. (The) | 47,662 | 1,853,149 | ||||||
Hokuetsu Bank Ltd. (The) | 33,000 | 719,887 | ||||||
Hokuhoku Financial Group, Inc. | 218,100 | 2,959,269 | ||||||
Hyakugo Bank Ltd. (The) | 224,400 | 1,061,337 | ||||||
Hyakujushi Bank Ltd. (The) | 276,000 | 936,869 | ||||||
Iyo Bank Ltd. (The) | 350,500 | 2,639,873 | ||||||
Jimoto Holdings, Inc. | 536,500 | 948,397 | ||||||
Juroku Bank Ltd. (The) | 23,100 | 615,783 | ||||||
Kansai Urban Banking Corp. | 139,000 | 1,829,807 | ||||||
Keiyo Bank Ltd. (The) | 288,684 | 1,289,374 | ||||||
Kiyo Bank Ltd. (The) | 108,490 | 1,721,966 | ||||||
Kyushu Financial Group, Inc. | 426,100 | 2,107,462 | ||||||
Minato Bank Ltd. (The) | 30,400 | 600,282 | ||||||
Miyazaki Bank Ltd. (The) | 29,200 | 907,438 | ||||||
Musashino Bank Ltd. (The) | 56,600 | 1,785,548 | ||||||
Nanto Bank Ltd. (The) | 27,000 | 728,124 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 241,900 | 2,806,813 | ||||||
North Pacific Bank Ltd. | 565,915 | 1,889,044 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 30,342 | 764,042 | ||||||
Oita Bank Ltd. (The) | 26,300 | 970,639 | ||||||
San-In Godo Bank Ltd. (The) | 108,800 | 963,701 | ||||||
Senshu Ikeda Holdings, Inc. | 411,940 | 1,549,375 | ||||||
Shiga Bank Ltd. (The) | 278,923 | 1,405,761 | ||||||
Shikoku Bank Ltd. (The) | 85,200 | 1,200,090 | ||||||
Tochigi Bank Ltd. (The) | 85,543 | 329,785 | ||||||
Toho Bank Ltd. (The) | 305,000 | 1,167,231 | ||||||
Tokyo TY Financial Group, Inc. | 12,000 | 285,585 | ||||||
TOMONY Holdings, Inc. | 134,077 | 596,318 | ||||||
Towa Bank Ltd. (The) | 77,700 | 1,023,580 | ||||||
Yamagata Bank Ltd. (The)(a) | 50,800 | 1,124,431 | ||||||
Yamaguchi Financial Group, Inc.(a) | 253,000 | 3,064,071 | ||||||
Yamanashi Chuo Bank Ltd. (The) | 303,000 | 1,247,898 | ||||||
|
| |||||||
Total Banks | 73,375,579 | |||||||
Beverages – 0.3% | ||||||||
Sapporo Holdings Ltd. | 58,098 | 1,693,501 | ||||||
Takara Holdings, Inc. | 157,511 | 1,749,135 | ||||||
|
| |||||||
Total Beverages | 3,442,636 |
See Notes to Financial Statements.
120 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2018
Investments | Shares | Value | ||||||
Building Products – 1.6% | ||||||||
Aica Kogyo Co., Ltd. | 79,815 | $ | 2,956,945 | |||||
Bunka Shutter Co., Ltd. | 34,100 | 331,221 | ||||||
Central Glass Co., Ltd. | 34,186 | 796,548 | ||||||
Nichias Corp. | 219,827 | 2,794,604 | ||||||
Nichiha Corp. | 29,500 | 1,127,574 | ||||||
Nitto Boseki Co., Ltd. | 35,199 | 746,676 | ||||||
Noritz Corp. | 48,600 | 878,319 | ||||||
Okabe Co., Ltd. | 31,100 | 291,553 | ||||||
Sankyo Tateyama, Inc. | 29,500 | 440,766 | ||||||
Sanwa Holdings Corp. | 297,166 | 3,836,473 | ||||||
Shin Nippon Air Technologies Co., Ltd. | 23,100 | 345,142 | ||||||
Sinko Industries Ltd. | 24,000 | 376,869 | ||||||
Takara Standard Co., Ltd. | 52,231 | 878,129 | ||||||
Takasago Thermal Engineering Co., Ltd. | 109,172 | 2,005,849 | ||||||
|
| |||||||
Total Building Products | 17,806,668 | |||||||
Capital Markets – 3.4% | ||||||||
GCA Corp. | 158,200 | 1,352,175 | ||||||
Ichigo, Inc.(a) | 602,000 | 2,649,140 | ||||||
Ichiyoshi Securities Co., Ltd. | 137,688 | 1,613,157 | ||||||
IwaiCosmo Holdings, Inc. | 109,900 | 1,442,599 | ||||||
kabu.com Securities Co., Ltd. | 577,200 | 1,986,415 | ||||||
Kyokuto Securities Co., Ltd. | 105,200 | 1,521,369 | ||||||
Marusan Securities Co., Ltd.(a) | 167,800 | 1,592,009 | ||||||
Matsui Securities Co., Ltd. | 517,900 | 4,694,458 | ||||||
Monex Group, Inc. | 193,094 | 628,214 | ||||||
Okasan Securities Group, Inc.(a) | 541,000 | 3,235,317 | ||||||
SBI Holdings, Inc.(a) | 461,700 | 10,562,446 | ||||||
Sparx Group Co., Ltd.(a) | 238,700 | 646,409 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 760,800 | 5,257,997 | ||||||
|
| |||||||
Total Capital Markets | 37,181,705 | |||||||
Chemicals – 7.6% | ||||||||
Achilles Corp. | 53,700 | 1,102,276 | ||||||
ADEKA Corp. | 136,625 | 2,464,003 | ||||||
Arakawa Chemical Industries Ltd. | 35,100 | 622,460 | ||||||
C.I. Takiron Corp. | 194,500 | 1,267,405 | ||||||
Chugoku Marine Paints Ltd. | 129,200 | 1,268,310 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 22,742 | 938,762 | ||||||
Denka Co., Ltd. | 125,500 | 4,206,935 | ||||||
DIC Corp. | 137,100 | 4,595,783 | ||||||
DKS Co., Ltd.(a) | 21,000 | 172,779 | ||||||
Fujimi, Inc. | 30,300 | 656,714 | ||||||
Fujimori Kogyo Co., Ltd. | 5,900 | 208,872 | ||||||
Fuso Chemical Co., Ltd. | 29,400 | 759,673 | ||||||
JCU Corp. | 15,800 | 376,021 | ||||||
JSP Corp.(a) | 32,323 | 1,013,608 | ||||||
Kaneka Corp. | 498,000 | 4,940,197 | ||||||
KH Neochem Co., Ltd. | 65,800 | 1,976,784 | ||||||
Konishi Co., Ltd. | 33,600 | 526,984 | ||||||
Kumiai Chemical Industry Co., Ltd. | 23,124 | 139,592 | ||||||
Kureha Corp. | 25,764 | 1,678,839 | ||||||
Lintec Corp. | 107,165 | 3,113,680 | ||||||
Nihon Nohyaku Co., Ltd. | 131,900 | 776,393 | ||||||
Nihon Parkerizing Co., Ltd. | 131,000 | 2,140,837 | ||||||
Nippon Kayaku Co., Ltd. | 191,000 | 2,347,315 | ||||||
Nippon Shokubai Co., Ltd. | 50,500 | 3,428,397 | ||||||
Nippon Soda Co., Ltd. | 208,091 | 1,177,910 | ||||||
Nippon Valqua Industries Ltd. | 33,337 | 923,468 | ||||||
NOF Corp. | 110,000 | 3,252,938 | ||||||
Okamoto Industries, Inc. | 36,436 | 374,124 | ||||||
Osaka Soda Co., Ltd.(a) | 34,600 | 914,208 | ||||||
Riken Technos Corp.(a) | 108,400 | 516,773 | ||||||
Sakai Chemical Industry Co., Ltd. | 400 | 10,509 | ||||||
Sakata INX Corp. | 55,400 | 811,596 | ||||||
Sanyo Chemical Industries Ltd. | 27,135 | 1,271,913 | ||||||
Sekisui Plastics Co., Ltd. | 118,800 | 1,352,767 | ||||||
Shikoku Chemicals Corp. | 79,000 | 1,166,986 | ||||||
Showa Denko K.K. | 132,200 | 5,593,794 | ||||||
Sumitomo Bakelite Co., Ltd. | 267,092 | 2,358,245 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 21,000 | 1,005,078 | ||||||
T Hasegawa Co., Ltd. | 29,800 | 564,337 | ||||||
Taiyo Holdings Co., Ltd. | 49,591 | 2,130,991 | ||||||
Toagosei Co., Ltd. | 194,500 | 2,291,570 | ||||||
Tokai Carbon Co., Ltd. | 209,300 | 3,249,218 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 50,800 | 1,822,304 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 515,512 | 3,199,228 | ||||||
Toyobo Co., Ltd. | 83,053 | 1,639,194 | ||||||
Ube Industries Ltd.(a) | 130,293 | 3,804,041 | ||||||
Zeon Corp. | 216,000 | 3,123,723 | ||||||
|
| |||||||
Total Chemicals | 83,277,534 | |||||||
Commercial Services & Supplies – 1.4% | ||||||||
Aeon Delight Co., Ltd. | 54,800 | 1,983,827 | ||||||
Bell System24 Holdings, Inc. | 135,500 | 2,009,248 | ||||||
Daiseki Co., Ltd. | 27,007 | 741,264 | ||||||
Itoki Corp. | 85,700 | 559,246 | ||||||
Kokuyo Co., Ltd. | 87,003 | 1,712,245 | ||||||
Kyodo Printing Co., Ltd. | 25,304 | 778,036 | ||||||
Mitsubishi Pencil Co., Ltd. | 3,300 | 74,409 | ||||||
Nichiban Co., Ltd. | 10,600 | 347,851 | ||||||
Nippon Air Conditioning Services Co., Ltd. | 80,700 | 568,353 | ||||||
Nippon Parking Development Co., Ltd. | 697,300 | 1,147,414 | ||||||
Okamura Corp. | 135,876 | 1,852,564 | ||||||
Pilot Corp. | 300 | 16,728 | ||||||
Relia, Inc.(a) | 84,600 | 1,060,384 | ||||||
Sato Holdings Corp. | 50,638 | 1,602,227 | ||||||
Toppan Forms Co., Ltd. | 83,700 | 936,558 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 15,390,354 | |||||||
Construction & Engineering – 5.5% | ||||||||
Asunaro Aoki Construction Co., Ltd. | 129,500 | 1,195,759 | ||||||
COMSYS Holdings Corp. | 141,800 | 3,786,667 | ||||||
Dai-Dan Co., Ltd. | 3,000 | 66,206 | ||||||
Fudo Tetra Corp. | 85,500 | 151,946 | ||||||
Hazama Ando Corp.(a) | 272,000 | 2,048,632 | ||||||
Hibiya Engineering Ltd. | 49,500 | 915,529 | ||||||
Kandenko Co., Ltd. | 213,138 | 2,428,992 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 121 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2018
Investments | Shares | Value | ||||||
Kitano Construction Corp. | 216,651 | $ | 829,120 | |||||
Kumagai Gumi Co., Ltd.(a) | 47,600 | 1,530,719 | ||||||
Kyowa Exeo Corp.(a) | 162,466 | 4,347,703 | ||||||
Kyudenko Corp. | 59,790 | 2,940,307 | ||||||
Maeda Corp. | 92,287 | 1,089,047 | ||||||
Maeda Road Construction Co., Ltd. | 194,694 | 3,935,986 | ||||||
Matsui Construction Co., Ltd. | 84,100 | 629,465 | ||||||
Meisei Industrial Co., Ltd. | 105,800 | 719,261 | ||||||
Mirait Holdings Corp.(a) | 84,900 | 1,352,333 | ||||||
Nichireki Co., Ltd. | 74,800 | 864,402 | ||||||
Nippo Corp. | 73,458 | 1,704,005 | ||||||
Nippon Densetsu Kogyo Co., Ltd. | 48,000 | 950,071 | ||||||
Nippon Koei Co., Ltd. | 21,600 | 657,038 | ||||||
Nippon Road Co., Ltd. (The)(a) | 21,000 | 1,028,773 | ||||||
Nishimatsu Construction Co., Ltd. | 102,807 | 2,550,116 | ||||||
Okumura Corp.(a) | 102,170 | 4,030,119 | ||||||
OSJB Holdings Corp. | 161,000 | 432,967 | ||||||
Penta-Ocean Construction Co., Ltd. | 278,693 | 2,041,390 | ||||||
Raito Kogyo Co., Ltd. | 74,500 | 769,168 | ||||||
Sanki Engineering Co., Ltd. | 79,600 | 889,185 | ||||||
Shinnihon Corp. | 57,000 | 620,113 | ||||||
SHO-BOND Holdings Co., Ltd. | 25,900 | 1,911,754 | ||||||
Sumitomo Densetsu Co., Ltd. | 50,900 | 1,019,436 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 169,360 | 1,003,261 | ||||||
Taihei Dengyo Kaisha Ltd. | 29,000 | 741,975 | ||||||
Taikisha Ltd. | 57,165 | 1,870,561 | ||||||
Toda Corp.(a) | 325,549 | 2,360,115 | ||||||
Toenec Corp. | 5,800 | 169,337 | ||||||
Tokyu Construction Co., Ltd.(a) | 126,000 | 1,368,406 | ||||||
Toshiba Plant Systems & Services Corp. | 87,000 | 1,875,797 | ||||||
Totetsu Kogyo Co., Ltd. | 26,979 | 827,001 | ||||||
Toyo Construction Co., Ltd. | 100,200 | 461,664 | ||||||
Yahagi Construction Co., Ltd.(a) | 70,300 | 519,566 | ||||||
Yokogawa Bridge Holdings Corp. | 24,800 | 525,149 | ||||||
Yurtec Corp. | 163,000 | 1,296,643 | ||||||
|
| |||||||
Total Construction & Engineering | 60,455,684 | |||||||
Construction Materials – 0.4% | ||||||||
Krosaki Harima Corp. | 20,900 | 990,465 | ||||||
Shinagawa Refractories Co., Ltd. | 22,200 | 583,233 | ||||||
Sumitomo Osaka Cement Co., Ltd.(a) | 515,404 | 2,287,454 | ||||||
|
| |||||||
Total Construction Materials | 3,861,152 | |||||||
Consumer Finance – 0.0% | ||||||||
J Trust Co., Ltd.(a) | 32,000 | 210,024 | ||||||
Containers & Packaging – 0.6% | ||||||||
FP Corp. | 31,200 | 2,047,729 | ||||||
Fuji Seal International, Inc. | 49,510 | 2,001,815 | ||||||
Nihon Yamamura Glass Co., Ltd. | 61,000 | 108,406 | ||||||
Rengo Co., Ltd. | 279,400 | 2,414,373 | ||||||
|
| |||||||
Total Containers & Packaging | 6,572,323 | |||||||
Distributors – 1.0% | ||||||||
Arata Corp. | 10,600 | 594,039 | ||||||
Canon Marketing Japan, Inc. | 186,800 | 5,048,079 | ||||||
Doshisha Co., Ltd. | 58,200 | 1,341,856 | ||||||
Happinet Corp. | 42,000 | 605,416 | ||||||
Paltac Corp. | 61,157 | 3,277,808 | ||||||
|
| |||||||
Total Distributors | 10,867,198 | |||||||
Diversified Consumer Services – 0.2% | ||||||||
Meiko Network Japan Co., Ltd. | 50,386 | 608,327 | ||||||
Riso Kyoiku Co., Ltd.(a) | 63,500 | 475,877 | ||||||
Studio Alice Co., Ltd. | 30,660 | 748,698 | ||||||
Tokyo Individualized Educational Institute, Inc. | 81,600 | 867,024 | ||||||
|
| |||||||
Total Diversified Consumer Services | 2,699,926 | |||||||
Diversified Financial Services – 0.5% | ||||||||
Financial Products Group Co., Ltd. | 196,100 | 2,542,754 | ||||||
Ricoh Leasing Co., Ltd. | 30,200 | 999,567 | ||||||
Zenkoku Hosho Co., Ltd. | 54,400 | 2,388,792 | ||||||
|
| |||||||
Total Diversified Financial Services | 5,931,113 | |||||||
Electric Utilities – 0.4% | ||||||||
Hokkaido Electric Power Co., Inc.(a) | 22,500 | 147,461 | ||||||
Okinawa Electric Power Co., Inc. (The) | 53,380 | 1,535,898 | ||||||
Shikoku Electric Power Co., Inc. | 214,500 | 2,545,360 | ||||||
|
| |||||||
Total Electric Utilities | 4,228,719 | |||||||
Electrical Equipment – 1.8% | ||||||||
Daihen Corp. | 177,000 | 1,359,746 | ||||||
Denyo Co., Ltd. | 49,200 | 879,447 | ||||||
Fujikura Ltd. | 172,215 | 1,169,151 | ||||||
Furukawa Electric Co., Ltd. | 49,100 | 2,636,211 | ||||||
GS Yuasa Corp. | 502,000 | 2,737,753 | ||||||
Idec Corp.(a) | 76,736 | 1,860,135 | ||||||
Nippon Carbon Co., Ltd. | 22,500 | 1,142,454 | ||||||
Nissin Electric Co., Ltd. | 100,465 | 931,439 | ||||||
Nitto Kogyo Corp. | 59,200 | 918,477 | ||||||
Sanyo Denki Co., Ltd. | 21,600 | 1,669,506 | ||||||
Sinfonia Technology Co., Ltd.(a) | 242,000 | 828,284 | ||||||
Takaoka Toko Co., Ltd.(a) | 31,200 | 499,024 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 153,200 | 939,223 | ||||||
Ushio, Inc. | 129,400 | 1,737,501 | ||||||
|
| |||||||
Total Electrical Equipment | 19,308,351 | |||||||
Electronic Equipment, Instruments & Components – 4.9% | ||||||||
Ai Holdings Corp. | 34,000 | 947,268 | ||||||
Amano Corp. | 112,135 | 3,027,171 | ||||||
Anritsu Corp. | 167,000 | 2,063,357 | ||||||
Azbil Corp. | 101,754 | 4,740,866 | ||||||
Canon Electronics, Inc. | 86,900 | 1,932,473 | ||||||
Citizen Watch Co., Ltd. | 459,900 | 3,303,842 | ||||||
CONEXIO Corp. | 105,000 | 2,239,210 | ||||||
Daiwabo Holdings Co., Ltd. | 32,139 | 1,409,764 | ||||||
Dexerials Corp. | 187,400 | 1,947,127 | ||||||
Enplas Corp. | 23,000 | 768,829 | ||||||
ESPEC Corp. | 23,600 | 563,648 | ||||||
FTGroup Co., Ltd.(a) | 76,800 | 673,038 | ||||||
Hakuto Co., Ltd. | 52,334 | 768,648 | ||||||
Horiba Ltd. | 32,400 | 2,510,353 | ||||||
Ibiden Co., Ltd.(a) | 184,000 | 2,738,806 |
See Notes to Financial Statements.
122 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2018
Investments | Shares | Value | ||||||
Iriso Electronics Co., Ltd.(a) | 7,600 | $ | 466,648 | |||||
Japan Aviation Electronics Industry Ltd.(a) | 93,000 | 1,316,079 | ||||||
Kaga Electronics Co., Ltd. | 59,400 | 1,540,993 | ||||||
Koa Corp. | 57,147 | 1,182,166 | ||||||
Kyosan Electric Manufacturing Co., Ltd. | 40,000 | 246,733 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 99,200 | 1,789,984 | ||||||
Marubun Corp. | 86,200 | 798,373 | ||||||
Nippon Signal Co., Ltd. | 54,900 | 511,058 | ||||||
Nissha Co., Ltd.(a) | 24,000 | 643,836 | ||||||
Nohmi Bosai Ltd. | 56,691 | 1,214,312 | ||||||
Oki Electric Industry Co., Ltd.(a) | 112,700 | 1,495,249 | ||||||
Optex Group Co., Ltd. | 6,400 | 169,162 | ||||||
Osaki Electric Co., Ltd. | 81,000 | 592,553 | ||||||
Ryoden Corp. | 46,361 | 762,439 | ||||||
Ryosan Co., Ltd. | 78,900 | 2,845,148 | ||||||
Sanshin Electronics Co., Ltd. | 58,600 | 1,200,653 | ||||||
Satori Electric Co., Ltd. | 58,700 | 604,387 | ||||||
Siix Corp.(a) | 47,000 | 1,038,110 | ||||||
Sumida Corp.(a) | 50,000 | 646,921 | ||||||
Taiyo Yuden Co., Ltd.(a) | 87,500 | 1,483,427 | ||||||
Tamura Corp. | 81,000 | 619,972 | ||||||
Topcon Corp. | 77,400 | 1,511,611 | ||||||
UKC Holdings Corp. | 26,700 | 555,842 | ||||||
V Technology Co., Ltd.(a) | 800 | 229,431 | ||||||
Vitec Holdings Co., Ltd. | 32,700 | 672,756 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 53,772,243 | |||||||
Energy Equipment & Services – 0.2% | ||||||||
Modec, Inc. | 39,504 | 987,693 | ||||||
Shinko Plantech Co., Ltd. | 194,300 | 1,748,426 | ||||||
|
| |||||||
Total Energy Equipment & Services | 2,736,119 | |||||||
Food & Staples Retailing – 2.4% | ||||||||
Ain Holdings, Inc. | 8,400 | 627,927 | ||||||
Arcs Co., Ltd. | 55,094 | 1,329,819 | ||||||
Axial Retailing, Inc. | 12,500 | 475,435 | ||||||
Belc Co., Ltd. | 6,700 | 385,557 | ||||||
Cawachi Ltd. | 47,500 | 1,168,853 | ||||||
Cocokara fine, Inc. | 22,400 | 1,531,246 | ||||||
Create SD Holdings Co., Ltd. | 50,500 | 1,313,427 | ||||||
Heiwado Co., Ltd. | 55,963 | 1,353,952 | ||||||
Kato Sangyo Co., Ltd. | 53,016 | 1,856,931 | ||||||
Kobe Bussan Co., Ltd.(a) | 27,500 | 1,243,771 | ||||||
Life Corp. | 34,100 | 940,756 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. | 102,000 | 4,315,938 | ||||||
Ministop Co., Ltd. | 48,500 | 993,714 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 33,000 | 946,403 | ||||||
Okuwa Co., Ltd. | 52,000 | 532,957 | ||||||
Qol Co., Ltd. | 50,600 | 992,969 | ||||||
San-A Co., Ltd. | 20,900 | 1,204,673 | ||||||
Shoei Foods Corp.(a) | 6,200 | 241,937 | ||||||
Sogo Medical Co., Ltd. | 10,000 | 284,438 | ||||||
United Super Markets Holdings, Inc. | 114,500 | 1,217,673 | ||||||
Valor Holdings Co., Ltd. | 36,391 | 985,483 | ||||||
Yaoko Co., Ltd. | 29,700 | 1,600,197 | ||||||
Yokohama Reito Co., Ltd.(a) | 108,700 | 1,068,091 | ||||||
|
| |||||||
Total Food & Staples Retailing | 26,612,147 | |||||||
Food Products – 2.9% | ||||||||
Ariake Japan Co., Ltd. | 23,228 | 1,860,861 | ||||||
Feed One Co., Ltd. | 435,400 | 884,310 | ||||||
Fuji Oil Holdings, Inc. | 81,900 | 2,472,017 | ||||||
Fujicco Co., Ltd. | 34,100 | 767,611 | ||||||
Hokuto Corp.(a) | 50,391 | 959,490 | ||||||
House Foods Group, Inc. | 74,700 | 2,482,976 | ||||||
Itoham Yonekyu Holdings, Inc. | 330,300 | 2,872,849 | ||||||
Kagome Co., Ltd. | 30,100 | 1,057,109 | ||||||
Kameda Seika Co., Ltd.(a) | 20,300 | 981,119 | ||||||
Kenko Mayonnaise Co., Ltd.(a) | 22,700 | 745,994 | ||||||
Kotobuki Spirits Co., Ltd.(a) | 1,100 | 57,922 | ||||||
Marudai Food Co., Ltd. | 242,000 | 1,167,334 | ||||||
Maruha Nichiro Corp. | 33,632 | 1,075,212 | ||||||
Megmilk Snow Brand Co., Ltd. | 54,100 | 1,463,523 | ||||||
Mitsui Sugar Co., Ltd. | 55,698 | 2,152,504 | ||||||
Morinaga & Co., Ltd. | 22,087 | 972,991 | ||||||
Morinaga Milk Industry Co., Ltd. | 29,282 | 1,192,206 | ||||||
Nippon Flour Mills Co., Ltd. | 105,683 | 1,638,658 | ||||||
Nippon Suisan Kaisha Ltd. | 192,800 | 1,000,711 | ||||||
Nisshin Oillio Group Ltd. (The) | 44,200 | 1,215,656 | ||||||
Prima Meat Packers Ltd. | 72,000 | 412,976 | ||||||
S Foods, Inc. | 28,100 | 1,174,466 | ||||||
Sakata Seed Corp. | 23,500 | 831,946 | ||||||
Showa Sangyo Co., Ltd. | 51,400 | 1,336,835 | ||||||
Starzen Co., Ltd. | 24,600 | 1,202,821 | ||||||
|
| |||||||
Total Food Products | 31,980,097 | |||||||
Gas Utilities – 0.4% | ||||||||
Hokkaido Gas Co., Ltd. | 308,000 | 865,933 | ||||||
Nippon Gas Co., Ltd.(a) | 29,500 | 1,378,609 | ||||||
Saibu Gas Co., Ltd. | 56,600 | 1,465,160 | ||||||
Shizuoka Gas Co., Ltd. | 31,392 | 282,484 | ||||||
|
| |||||||
Total Gas Utilities | 3,992,186 | |||||||
Health Care Equipment & Supplies – 1.7% | ||||||||
Asahi Intecc Co., Ltd. | 49,800 | 1,973,738 | ||||||
Eiken Chemical Co., Ltd. | 50,470 | 1,271,834 | ||||||
Hogy Medical Co., Ltd. | 44,400 | 1,793,117 | ||||||
Jeol Ltd. | 55,000 | 506,300 | ||||||
Mani, Inc. | 29,800 | 1,185,275 | ||||||
Menicon Co., Ltd. | 2,200 | 54,695 | ||||||
Nagaileben Co., Ltd. | 55,426 | 1,519,720 | ||||||
Nakanishi, Inc. | 78,000 | 1,588,604 | ||||||
Nihon Kohden Corp. | 83,100 | 2,313,673 | ||||||
Nikkiso Co., Ltd. | 77,700 | 809,512 | ||||||
Nipro Corp. | 241,900 | 3,496,006 | ||||||
Paramount Bed Holdings Co., Ltd. | 32,821 | 1,675,769 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 18,188,243 | |||||||
Health Care Providers & Services – 1.4% | ||||||||
As One Corp. | 25,700 | 1,638,420 | ||||||
BML, Inc. | 58,400 | 1,491,438 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 123 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2018
Investments | Shares | Value | ||||||
Japan Lifeline Co., Ltd.(a) | 45,400 | $ | 1,323,366 | |||||
Miraca Holdings, Inc. | 76,700 | 2,996,601 | ||||||
NichiiGakkan Co., Ltd. | 129,300 | 1,450,446 | ||||||
Ship Healthcare Holdings, Inc. | 50,707 | 1,787,976 | ||||||
Solasto Corp. | 52,400 | 1,455,473 | ||||||
Toho Holdings Co., Ltd. | 82,900 | 1,953,431 | ||||||
Vital KSK Holdings, Inc. | 136,600 | 1,344,807 | ||||||
|
| |||||||
Total Health Care Providers & Services | 15,441,958 | |||||||
Hotels, Restaurants & Leisure – 2.9% | ||||||||
Create Restaurants Holdings, Inc.(a) | 51,600 | 612,310 | ||||||
Doutor Nichires Holdings Co., Ltd. | 55,253 | 1,294,692 | ||||||
Fuji Kyuko Co., Ltd.(a) | 24,701 | 647,545 | ||||||
Hiday Hidaka Corp. | 32,680 | 815,233 | ||||||
Hiramatsu, Inc.(a) | 71,500 | 342,205 | ||||||
HIS Co., Ltd. | 31,600 | 1,146,930 | ||||||
Ichibanya Co., Ltd.(a) | 27,836 | 1,149,037 | ||||||
KFC Holdings Japan Ltd. | 56,200 | 1,055,302 | ||||||
KOMEDA Holdings Co., Ltd. | 83,400 | 1,586,443 | ||||||
Koshidaka Holdings Co., Ltd. | 11,600 | 794,057 | ||||||
Kyoritsu Maintenance Co., Ltd.(a) | 8,300 | 397,245 | ||||||
MOS Food Services, Inc.(a) | 23,700 | 706,432 | ||||||
Ohsho Food Service Corp. | 29,900 | 1,478,834 | ||||||
Plenus Co., Ltd.(a) | 64,068 | 1,243,407 | ||||||
Resorttrust, Inc. | 164,108 | 3,445,728 | ||||||
Round One Corp. | 136,337 | 2,158,830 | ||||||
Royal Holdings Co., Ltd. | 27,000 | 737,010 | ||||||
Saizeriya Co., Ltd. | 30,300 | 863,272 | ||||||
SFP Holdings Co., Ltd.(a) | 2,700 | 46,739 | ||||||
Skylark Co., Ltd.(a) | 347,100 | 5,000,068 | ||||||
St. Marc Holdings Co., Ltd. | 29,000 | 839,868 | ||||||
Tokyo Dome Corp. | 133,000 | 1,266,845 | ||||||
Tokyotokeiba Co., Ltd. | 21,842 | 808,164 | ||||||
Toridoll Holdings Corp. | 23,300 | 848,966 | ||||||
Yoshinoya Holdings Co., Ltd. | 52,100 | 1,044,939 | ||||||
Zensho Holdings Co., Ltd.(a) | 61,100 | 1,391,483 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 31,721,584 | |||||||
Household Durables – 2.3% | ||||||||
Alpine Electronics, Inc.(a) | 72,100 | 1,359,290 | ||||||
Clarion Co., Ltd. | 132,000 | 412,073 | ||||||
Cleanup Corp. | 130,200 | 997,771 | ||||||
ES-Con Japan Ltd.(a) | 138,500 | 1,307,513 | ||||||
FJ Next Co., Ltd. | 16,100 | 130,193 | ||||||
Foster Electric Co., Ltd. | 75,600 | 1,847,526 | ||||||
France Bed Holdings Co., Ltd. | 99,600 | 882,212 | ||||||
Fuji Corp., Ltd. | 158,300 | 1,339,633 | ||||||
Fujitsu General Ltd. | 84,200 | 1,506,653 | ||||||
Hoosiers Holdings(a) | 16,000 | 115,393 | ||||||
JVC Kenwood Corp. | 219,700 | 733,366 | ||||||
Ki-Star Real Estate Co., Ltd. | 28,700 | 724,584 | ||||||
Meiwa Estate Co., Ltd. | 14,600 | 103,099 | ||||||
Misawa Homes Co., Ltd. | 110,300 | 920,982 | ||||||
Mitsui Home Co., Ltd. | 30,000 | 191,255 | ||||||
Nihon House Holdings Co., Ltd. | 163,400 | 889,597 | ||||||
Nissei Build Kogyo Co., Ltd. | 50,000 | 599,436 | ||||||
Pressance Corp. | 57,000 | 866,121 | ||||||
Sanei Architecture Planning Co., Ltd. | 15,700 | 330,977 | ||||||
Sangetsu Corp. | 88,000 | 1,823,714 | ||||||
Starts Corp., Inc. | 60,000 | 1,632,158 | ||||||
Sumitomo Forestry Co., Ltd. | 186,800 | 2,996,528 | ||||||
Tamron Co., Ltd. | 23,166 | 487,935 | ||||||
TOA Corp. | 88,152 | 1,091,643 | ||||||
Token Corp.(a) | 8,900 | 896,276 | ||||||
Zojirushi Corp.(a) | 60,000 | 860,367 | ||||||
|
| |||||||
Total Household Durables | 25,046,295 | |||||||
Household Products – 0.1% | ||||||||
Earth Corp. | 28,900 | 1,527,203 | ||||||
Independent Power & Renewable Electricity Producers – 0.0% | ||||||||
West Holdings Corp.(a) | 58,800 | 361,038 | ||||||
Industrial Conglomerates – 0.5% | ||||||||
Nisshinbo Holdings, Inc. | 276,800 | 3,724,502 | ||||||
TOKAI Holdings Corp. | 195,100 | 1,977,601 | ||||||
|
| |||||||
Total Industrial Conglomerates | 5,702,103 | |||||||
Internet & Catalog Retail – 0.2% | ||||||||
ASKUL Corp.(a) | 32,365 | 1,091,006 | ||||||
Belluna Co., Ltd. | 108,684 | 1,288,675 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 2,379,681 | |||||||
Internet Software & Services – 1.0% | ||||||||
COOKPAD, Inc.(a) | 26,400 | 148,446 | ||||||
Dip Corp. | 53,300 | 1,688,961 | ||||||
F@N Communications, Inc. | 49,000 | 326,666 | ||||||
GMO Internet, Inc.(a) | 134,872 | 2,717,731 | ||||||
Gurunavi, Inc. | 46,400 | 647,026 | ||||||
Infomart Corp.(a) | 82,600 | 792,991 | ||||||
Internet Initiative Japan, Inc. | 25,300 | 513,137 | ||||||
Kakaku.com, Inc.(a) | 224,500 | 3,930,597 | ||||||
|
| |||||||
Total Internet Software & Services | 10,765,555 | |||||||
IT Services – 2.0% | ||||||||
Digital Garage, Inc. | 25,700 | 860,292 | ||||||
DTS Corp. | 31,191 | 1,079,294 | ||||||
Future Corp. | 75,100 | 937,073 | ||||||
GMO Payment Gateway, Inc.(a) | 3,600 | 358,138 | ||||||
Information Services International-Dentsu Ltd. | 33,100 | 891,381 | ||||||
Kanematsu Electronics Ltd. | 29,400 | 861,128 | ||||||
Mitsubishi Research Institute, Inc. | 33,500 | 1,056,817 | ||||||
NEC Networks & System Integration Corp. | 83,979 | 2,189,692 | ||||||
NET One Systems Co., Ltd. | 188,158 | 2,871,466 | ||||||
Nihon Unisys Ltd. | 115,000 | 2,480,583 | ||||||
NS Solutions Corp. | 132,380 | 3,784,064 | ||||||
TIS, Inc. | 59,700 | 2,363,301 | ||||||
Transcosmos, Inc. | 77,600 | 2,002,204 | ||||||
|
| |||||||
Total IT Services | 21,735,433 | |||||||
Leisure Products – 1.6% | ||||||||
Daikoku Denki Co., Ltd.(a) | 52,700 | 872,635 | ||||||
Fields Corp.(a) | 39,100 | 428,317 |
See Notes to Financial Statements.
124 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2018
Investments | Shares | Value | ||||||
Furyu Corp.(a) | 32,500 | $ | 301,622 | |||||
Heiwa Corp. | 192,100 | 3,863,676 | ||||||
Mizuno Corp. | 32,523 | 987,769 | ||||||
Sankyo Co., Ltd. | 237,900 | 8,388,575 | ||||||
Tomy Co., Ltd. | 50,600 | 519,560 | ||||||
Universal Entertainment Corp.*(a) | 57,900 | 2,654,090 | ||||||
|
| |||||||
Total Leisure Products | 18,016,244 | |||||||
Life Sciences Tools & Services – 0.1% | ||||||||
EPS Holdings, Inc. | 32,300 | 663,615 | ||||||
Machinery – 6.5% | ||||||||
Aichi Corp.(a) | 140,600 | 958,486 | ||||||
Aida Engineering Ltd. | 163,200 | 1,973,439 | ||||||
Alinco, Inc. | 84,300 | 871,140 | ||||||
Anest Iwata Corp. | 49,700 | 538,826 | ||||||
Asahi Diamond Industrial Co., Ltd. | 20,300 | 213,785 | ||||||
Bando Chemical Industries Ltd. | 53,493 | 613,145 | ||||||
CKD Corp. | 80,541 | 1,792,577 | ||||||
DMG Mori Co., Ltd. | 124,800 | 2,332,886 | ||||||
Ebara Corp. | 84,600 | 3,074,556 | ||||||
Fujitec Co., Ltd. | 159,061 | 2,093,892 | ||||||
Furukawa Co., Ltd. | 28,100 | 524,480 | ||||||
Giken Ltd. | 22,400 | 633,982 | ||||||
Glory Ltd. | 53,600 | 1,912,666 | ||||||
Harmonic Drive Systems, Inc.(a) | 25,000 | 1,436,295 | ||||||
Hirata Corp.(a) | 1,800 | 165,529 | ||||||
Hitachi Zosen Corp. | 167,000 | 855,806 | ||||||
Hokuetsu Industries Co., Ltd. | 75,018 | 810,491 | ||||||
Japan Steel Works Ltd. (The) | 45,804 | 1,462,196 | ||||||
Juki Corp. | 42,600 | 598,843 | ||||||
Kato Works Co., Ltd. | 23,900 | 549,913 | ||||||
Kitagawa Iron Works Co., Ltd. | 25,200 | 642,381 | ||||||
Kito Corp. | 27,100 | 505,816 | ||||||
Kitz Corp. | 138,189 | 1,187,633 | ||||||
Kurita Water Industries Ltd. | 85,200 | 2,703,808 | ||||||
Kyokuto Kaihatsu Kogyo Co., Ltd. | 48,780 | 718,742 | ||||||
Makino Milling Machine Co., Ltd. | 62,578 | 587,239 | ||||||
Max Co., Ltd. | 74,000 | 950,484 | ||||||
Meidensha Corp. | 115,000 | 439,022 | ||||||
METAWATER Co., Ltd. | 26,600 | 831,641 | ||||||
Mitsubishi Logisnext Co., Ltd. | 79,700 | 670,724 | ||||||
Mitsuboshi Belting Ltd. | 44,092 | 487,976 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd.(a) | 56,540 | 919,739 | ||||||
Miura Co., Ltd. | 51,500 | 1,624,659 | ||||||
Morita Holdings Corp. | 52,005 | 984,843 | ||||||
Nachi-Fujikoshi Corp. | 287,000 | 1,743,319 | ||||||
Nippon Thompson Co., Ltd. | 33,200 | 265,350 | ||||||
Nissei ASB Machine Co., Ltd. | 23,100 | 1,605,162 | ||||||
Nitta Corp. | 27,500 | 1,022,684 | ||||||
Noritake Co., Ltd. | 26,600 | 1,153,042 | ||||||
NTN Corp. | 620,200 | 2,589,269 | ||||||
Obara Group, Inc. | 23,379 | 1,384,934 | ||||||
Oiles Corp. | 29,400 | 626,149 | ||||||
OKUMA Corp. | 30,570 | 1,799,419 | ||||||
OSG Corp. | 85,200 | 1,956,355 | ||||||
Rheon Automatic Machinery Co., Ltd. | 19,000 | 385,717 | ||||||
Ryobi Ltd. | 48,000 | 1,265,106 | ||||||
Shibuya Corp. | 25,500 | 918,336 | ||||||
Shima Seiki Manufacturing Ltd.(a) | 23,900 | 1,660,752 | ||||||
Shinmaywa Industries Ltd. | 101,685 | 836,618 | ||||||
Sodick Co., Ltd. | 59,300 | 776,727 | ||||||
Star Micronics Co., Ltd. | 102,934 | 1,917,370 | ||||||
Tadano Ltd. | 102,700 | 1,540,259 | ||||||
Takeuchi Manufacturing Co., Ltd. | 29,500 | 658,792 | ||||||
Takuma Co., Ltd. | 52,400 | 573,518 | ||||||
Tocalo Co., Ltd. | 107,200 | 1,307,366 | ||||||
Toshiba Machine Co., Ltd. | 284,806 | 2,003,149 | ||||||
Tsubaki Nakashima Co., Ltd. | 84,100 | 2,179,404 | ||||||
Tsubakimoto Chain Co. | 236,228 | 1,923,587 | ||||||
Tsugami Corp. | 38,000 | 478,082 | ||||||
Union Tool Co. | 25,400 | 896,822 | ||||||
YAMABIKO Corp. | 78,700 | 1,029,353 | ||||||
Yushin Precision Equipment Co., Ltd. | 53,200 | 863,906 | ||||||
|
| |||||||
Total Machinery | 72,028,187 | |||||||
Marine – 0.1% | ||||||||
Iino Kaiun Kaisha Ltd. | 196,200 | 939,029 | ||||||
Japan Transcity Corp. | 67,000 | 296,098 | ||||||
NS United Kaiun Kaisha Ltd. | 8,300 | 169,356 | ||||||
|
| |||||||
Total Marine | 1,404,483 | |||||||
Media – 1.4% | ||||||||
Asahi Broadcasting Corp. | 119,800 | 991,293 | ||||||
Avex, Inc. | 73,099 | 1,027,579 | ||||||
D.A. Consortium Holdings, Inc. | 32,800 | 787,693 | ||||||
Daiichikosho Co., Ltd. | 78,000 | 4,136,530 | ||||||
Kadokawa Dwango | 23,100 | 240,883 | ||||||
LIFULL Co., Ltd.(a) | 75,800 | 683,519 | ||||||
Shochiku Co., Ltd. | 2,700 | 383,103 | ||||||
SKY Perfect JSAT Holdings, Inc. | 772,000 | 3,469,826 | ||||||
Toei Co., Ltd. | 4,731 | 515,138 | ||||||
Tri-Stage, Inc.(a) | 33,400 | 157,029 | ||||||
Tv Tokyo Holdings Corp. | 48,800 | 1,282,979 | ||||||
Wowow, Inc. | 32,500 | 1,022,214 | ||||||
Zenrin Co., Ltd. | 46,880 | 990,497 | ||||||
|
| |||||||
Total Media | 15,688,283 | |||||||
Metals & Mining – 2.6% | ||||||||
Aichi Steel Corp. | 21,600 | 885,529 | ||||||
Asahi Holdings, Inc. | 75,700 | 1,410,077 | ||||||
Daido Steel Co., Ltd. | 49,000 | 2,506,441 | ||||||
Daiki Aluminium Industry Co., Ltd. | 15,700 | 109,981 | ||||||
Dowa Holdings Co., Ltd.(a) | 69,100 | 2,475,515 | ||||||
Godo Steel Ltd.(a) | 53,900 | 1,080,534 | ||||||
Kurimoto Ltd. | 34,000 | 647,071 | ||||||
Kyoei Steel Ltd.(a) | 22,314 | 384,804 | ||||||
Maruichi Steel Tube Ltd.(a) | 138,800 | 4,248,181 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 24,800 | 570,855 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 58,000 | 2,634,133 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 125 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2018
Investments | Shares | Value | ||||||
Nippon Denko Co., Ltd.(a) | 186,041 | $ | 587,774 | |||||
Nippon Light Metal Holdings Co., Ltd. | 1,168,700 | 3,131,918 | ||||||
Nittetsu Mining Co., Ltd. | 20,100 | 1,164,231 | ||||||
Sanyo Special Steel Co., Ltd. | 36,200 | 908,829 | ||||||
Toho Zinc Co., Ltd.(a) | 14,496 | 689,702 | ||||||
Tokyo Rope Manufacturing Co., Ltd. | 26,000 | 513,888 | ||||||
Tokyo Steel Manufacturing Co., Ltd.(a) | 64,600 | 519,351 | ||||||
Topy Industries Ltd. | 52,500 | 1,530,324 | ||||||
Toyo Kohan Co., Ltd. | 189,600 | 1,272,914 | ||||||
UACJ Corp.(a) | 49,063 | 1,259,445 | ||||||
|
| |||||||
Total Metals & Mining | 28,531,497 | |||||||
Multiline Retail – 0.7% | ||||||||
H2O Retailing Corp. | 159,700 | 2,922,202 | ||||||
Parco Co., Ltd.(a) | 141,400 | 1,895,970 | ||||||
Takashimaya Co., Ltd. | 278,000 | 2,668,905 | ||||||
|
| |||||||
Total Multiline Retail | 7,487,077 | |||||||
Oil, Gas & Consumable Fuels – 0.9% | ||||||||
BP Castrol K.K. | 57,000 | 893,456 | ||||||
Cosmo Energy Holdings Co., Ltd. | 137,700 | 4,460,522 | ||||||
Fuji Oil Co., Ltd. | 222,300 | 877,912 | ||||||
Itochu Enex Co., Ltd. | 276,581 | 2,598,067 | ||||||
San-Ai Oil Co., Ltd. | 109,316 | 1,608,646 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 10,438,603 | |||||||
Paper & Forest Products – 0.7% | ||||||||
Chuetsu Pulp & Paper Co., Ltd.(a) | 21,499 | 385,506 | ||||||
Daiken Corp. | 32,900 | 777,102 | ||||||
Daio Paper Corp.(a) | 75,178 | 1,060,339 | ||||||
Hokuetsu Kishu Paper Co., Ltd. | 214,532 | 1,383,817 | ||||||
Nippon Paper Industries Co., Ltd.(a) | 194,500 | 3,632,130 | ||||||
|
| |||||||
Total Paper & Forest Products | 7,238,894 | |||||||
Personal Products – 1.2% | ||||||||
Artnature, Inc. | 20,900 | 139,923 | ||||||
Ci:z Holdings Co., Ltd. | 48,100 | 2,397,085 | ||||||
Fancl Corp. | 103,200 | 3,779,633 | ||||||
Mandom Corp. | 50,506 | 1,742,896 | ||||||
Milbon Co., Ltd. | 35,700 | 1,579,394 | ||||||
Noevir Holdings Co., Ltd. | 53,600 | 3,865,651 | ||||||
|
| |||||||
Total Personal Products | 13,504,582 | |||||||
Pharmaceuticals – 1.8% | ||||||||
Fuji Pharma Co., Ltd. | 23,900 | 1,116,906 | ||||||
JCR Pharmaceuticals Co., Ltd. | 6,900 | 393,822 | ||||||
Kaken Pharmaceutical Co., Ltd. | 76,100 | 4,493,728 | ||||||
KYORIN Holdings, Inc. | 103,785 | 1,950,787 | ||||||
Mochida Pharmaceutical Co., Ltd. | 26,811 | 1,885,720 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 78,300 | 1,233,216 | ||||||
Rohto Pharmaceutical Co., Ltd. | 60,400 | 1,689,610 | ||||||
Sawai Pharmaceutical Co., Ltd.(a) | 36,424 | 1,599,437 | ||||||
Seikagaku Corp. | 49,800 | 908,434 | ||||||
Torii Pharmaceutical Co., Ltd. | 20,100 | 530,708 | ||||||
Towa Pharmaceutical Co., Ltd. | 9,300 | 581,523 | ||||||
Tsumura & Co. | 80,800 | 2,776,907 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 54,200 | 1,084,510 | ||||||
|
| |||||||
Total Pharmaceuticals | 20,245,308 | |||||||
Professional Services – 2.1% | ||||||||
Altech Corp. | 47,200 | 1,090,016 | ||||||
Benefit One, Inc.(a) | 47,000 | 1,300,621 | ||||||
en-japan, Inc. | 23,200 | 1,345,971 | ||||||
FULLCAST Holdings Co., Ltd. | 51,300 | 1,269,597 | ||||||
Funai Soken Holdings, Inc. | 61,610 | 1,319,097 | ||||||
JAC Recruitment Co., Ltd. | 33,300 | 712,654 | ||||||
Japan Asia Group Ltd. | 193,500 | 966,135 | ||||||
Meitec Corp. | 57,200 | 3,167,917 | ||||||
Nihon M&A Center, Inc. | 63,464 | 2,184,092 | ||||||
Nomura Co., Ltd. | 55,800 | 1,206,770 | ||||||
Outsourcing, Inc. | 8,100 | 144,863 | ||||||
Pasco Corp.*(a) | 241,000 | 722,887 | ||||||
Space Co., Ltd. | 51,960 | 718,206 | ||||||
Tanseisha Co., Ltd. | 30,400 | 371,603 | ||||||
TechnoPro Holdings, Inc. | 55,400 | 3,339,107 | ||||||
Trust Tech, Inc. | 1,100 | 36,201 | ||||||
Weathernews, Inc. | 21,200 | 672,779 | ||||||
World Holdings Co., Ltd. | 25,100 | 1,076,220 | ||||||
Yumeshin Holdings Co., Ltd. | 155,100 | 1,715,069 | ||||||
|
| |||||||
Total Professional Services | 23,359,805 | |||||||
Real Estate Management & Development – 3.4% | ||||||||
Airport Facilities Co., Ltd. | 87,519 | 520,917 | ||||||
Daibiru Corp. | 59,800 | 693,309 | ||||||
Daikyo, Inc.(a) | 137,800 | 2,789,689 | ||||||
Goldcrest Co., Ltd. | 50,500 | 1,079,803 | ||||||
Heiwa Real Estate Co., Ltd. | 32,668 | 629,708 | ||||||
Investors Cloud Co., Ltd.(a) | 33,500 | 767,649 | ||||||
Keihanshin Building Co., Ltd. | 162,900 | 1,364,776 | ||||||
Kenedix, Inc. | 181,200 | 1,127,921 | ||||||
Leopalace21 Corp. | 640,900 | 5,345,353 | ||||||
Nippon Commercial Development Co., Ltd.(a) | 20,200 | 327,835 | ||||||
NTT Urban Development Corp. | 329,400 | 4,026,516 | ||||||
Open House Co., Ltd. | 81,900 | 5,082,652 | ||||||
Raysum Co., Ltd. | 82,700 | 1,032,681 | ||||||
Relo Group, Inc. | 81,260 | 2,250,982 | ||||||
SAMTY Co., Ltd.(a) | 24,300 | 422,708 | ||||||
Shinoken Group Co., Ltd.(a) | 24,700 | 768,754 | ||||||
Sun Frontier Fudousan Co., Ltd.(a) | 75,200 | 828,720 | ||||||
Takara Leben Co., Ltd. | 270,800 | 1,171,302 | ||||||
TOC Co., Ltd. | 81,600 | 663,695 | ||||||
Tokyo Tatemono Co., Ltd. | 217,400 | 3,276,842 | ||||||
Tosei Corp. | 131,800 | 1,570,198 | ||||||
Unizo Holdings Co., Ltd.(a) | 48,000 | 1,164,006 | ||||||
|
| |||||||
Total Real Estate Management & Development | 36,906,016 | |||||||
Road & Rail – 2.4% | ||||||||
Fukuyama Transporting Co., Ltd. | 47,411 | 2,093,039 | ||||||
Hamakyorex Co., Ltd. | 5,000 | 168,312 | ||||||
Hitachi Transport System Ltd. | 84,200 | 2,367,259 | ||||||
Ichinen Holdings Co., Ltd. | 51,300 | 725,966 |
See Notes to Financial Statements.
126 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2018
Investments | Shares | Value | ||||||
Maruzen Showa Unyu Co., Ltd. | 245,000 | $ | 1,174,894 | |||||
Nankai Electric Railway Co., Ltd. | 50,800 | 1,273,463 | ||||||
Nikkon Holdings Co., Ltd. | 102,660 | 2,693,196 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 46,800 | 1,223,357 | ||||||
Sakai Moving Service Co., Ltd. | 6,800 | 349,111 | ||||||
Sankyu, Inc. | 62,306 | 3,087,472 | ||||||
Seino Holdings Co., Ltd. | 241,760 | 4,451,021 | ||||||
Senko Group Holdings Co., Ltd.(a) | 301,556 | 2,347,798 | ||||||
Sotetsu Holdings, Inc. | 105,400 | 2,802,738 | ||||||
Tonami Holdings Co., Ltd. | 21,800 | 1,289,347 | ||||||
|
| |||||||
Total Road & Rail | 26,046,973 | |||||||
Semiconductors & Semiconductor Equipment – 1.0% | ||||||||
Ferrotec Holdings Corp. | 1,100 | 27,699 | ||||||
Japan Material Co., Ltd. | 18,700 | 242,652 | ||||||
Lasertec Corp. | 73,400 | 2,698,580 | ||||||
MegaChips Corp.*(a) | 30,500 | 1,098,402 | ||||||
Mimasu Semiconductor Industry Co., Ltd. | 33,127 | 599,930 | ||||||
NuFlare Technology, Inc. | 20,200 | 1,282,087 | ||||||
Shindengen Electric Manufacturing Co., Ltd. | 20,100 | 1,328,660 | ||||||
Shinko Electric Industries Co., Ltd. | 169,753 | 1,272,150 | ||||||
Tokyo Seimitsu Co., Ltd. | 54,300 | 2,192,934 | ||||||
Ulvac, Inc. | 7,100 | 398,561 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 11,141,655 | |||||||
Software – 1.8% | ||||||||
Broadleaf Co., Ltd. | 152,400 | 758,059 | ||||||
Capcom Co., Ltd. | 159,826 | 3,455,007 | ||||||
COLOPL, Inc.(a) | 103,600 | 902,056 | ||||||
Computer Engineering & Consulting Ltd.(a) | 4,300 | 143,940 | ||||||
Fuji Soft, Inc. | 27,700 | 1,109,563 | ||||||
GungHo Online Entertainment, Inc.(a) | 624,500 | 2,125,708 | ||||||
Koei Tecmo Holdings Co., Ltd. | 142,500 | 2,784,344 | ||||||
Marvelous, Inc.(a) | 87,300 | 747,817 | ||||||
Miroku Jyoho Service Co., Ltd. | 20,800 | 621,946 | ||||||
MTI Ltd. | 136,900 | 847,016 | ||||||
NSD Co., Ltd. | 80,300 | 1,639,222 | ||||||
OBIC Business Consultants Co., Ltd.(a) | 26,200 | 1,677,687 | ||||||
SRA Holdings(a) | 24,400 | 700,912 | ||||||
Systena Corp. | 48,000 | 1,981,382 | ||||||
|
| |||||||
Total Software | 19,494,659 | |||||||
Specialty Retail – 5.0% | ||||||||
Adastria Co., Ltd.(a) | 68,600 | 1,399,092 | ||||||
Alpen Co., Ltd. | 56,800 | 1,266,317 | ||||||
AOKI Holdings, Inc. | 130,754 | 2,002,805 | ||||||
Aoyama Trading Co., Ltd. | 142,400 | 5,610,306 | ||||||
Arcland Sakamoto Co., Ltd. | 54,016 | 898,997 | ||||||
Autobacs Seven Co., Ltd. | 193,500 | 3,628,011 | ||||||
Bic Camera, Inc. | 103,100 | 1,622,843 | ||||||
Chiyoda Co., Ltd. | 57,191 | 1,436,363 | ||||||
DCM Holdings Co., Ltd. | 190,245 | 1,931,966 | ||||||
EDION Corp.(a) | 194,839 | 2,268,083 | ||||||
Geo Holdings Corp.(a) | 133,600 | 2,140,615 | ||||||
Gfoot Co., Ltd.(a) | 129,700 | 935,401 | ||||||
Hard Off Corp. Co., Ltd. | 700 | 7,115 | ||||||
Honeys Holdings Co., Ltd. | 58,300 | 558,606 | ||||||
IDOM, Inc. | 105,560 | 746,414 | ||||||
Joshin Denki Co., Ltd. | 27,000 | 986,319 | ||||||
K’s Holdings Corp. | 336,296 | 4,651,541 | ||||||
Kohnan Shoji Co., Ltd. | 49,600 | 1,184,150 | ||||||
Komeri Co., Ltd. | 48,237 | 1,285,413 | ||||||
Konaka Co., Ltd. | 156,900 | 864,536 | ||||||
Kyoto Kimono Yuzen Co., Ltd. | 24,200 | 174,531 | ||||||
Nishimatsuya Chain Co., Ltd. | 51,600 | 581,743 | ||||||
Nojima Corp. | 35,100 | 830,056 | ||||||
PAL GROUP Holdings Co., Ltd. | 29,000 | 803,329 | ||||||
PC Depot Corp.(a) | 104,200 | 706,424 | ||||||
Right On Co., Ltd.(a) | 85,000 | 745,698 | ||||||
Sac’s Bar Holdings, Inc.(a) | 78,800 | 845,424 | ||||||
Sanrio Co., Ltd.(a) | 180,642 | 3,283,319 | ||||||
Shimachu Co., Ltd. | 115,364 | 3,688,177 | ||||||
T-Gaia Corp. | 132,800 | 3,697,422 | ||||||
United Arrows Ltd. | 34,529 | 1,331,160 | ||||||
VT Holdings Co., Ltd.(a) | 170,000 | 867,983 | ||||||
Xebio Holdings Co., Ltd. | 81,900 | 1,623,368 | ||||||
Yellow Hat Ltd. | 24,300 | 720,889 | ||||||
|
| |||||||
Total Specialty Retail | 55,324,416 | |||||||
Technology Hardware, Storage & Peripherals – 0.5% | ||||||||
Elecom Co., Ltd. | 50,400 | 1,204,198 | ||||||
Maxell Holdings Ltd. | 56,300 | 1,096,884 | ||||||
MCJ Co., Ltd. | 58,100 | 752,814 | ||||||
Riso Kagaku Corp. | 105,400 | 1,963,304 | ||||||
Roland DG Corp. | 2,500 | 57,569 | ||||||
Wacom Co., Ltd.(a) | 108,011 | 543,356 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 5,618,125 | |||||||
Textiles, Apparel & Luxury Goods – 1.5% | ||||||||
Descente Ltd. | 49,653 | 783,896 | ||||||
Fujibo Holdings, Inc. | 27,400 | 994,490 | ||||||
Goldwin, Inc. | 9,800 | 587,908 | ||||||
Gunze Ltd. | 27,183 | 1,541,265 | ||||||
Japan Wool Textile Co., Ltd. (The) | 165,225 | 1,621,955 | ||||||
Kurabo Industries Ltd. | 268,766 | 846,606 | ||||||
Onward Holdings Co., Ltd. | 326,833 | 2,836,548 | ||||||
Seiko Holdings Corp. | 89,200 | 2,158,917 | ||||||
Seiren Co., Ltd. | 79,811 | 1,491,156 | ||||||
Wacoal Holdings Corp. | 106,500 | 3,084,344 | ||||||
Yondoshi Holdings, Inc.(a) | 32,500 | 842,525 | ||||||
|
| �� | ||||||
Total Textiles, Apparel & Luxury Goods | 16,789,610 | |||||||
Trading Companies & Distributors – 3.3% | ||||||||
Advan Co., Ltd. | 49,700 | 462,652 | ||||||
Alconix Corp. | 59,200 | 1,185,113 | ||||||
Daiichi Jitsugyo Co., Ltd. | 22,800 | 661,382 | ||||||
Gecoss Corp. | 75,800 | 788,292 | ||||||
Hanwa Co., Ltd. | 61,222 | 2,578,981 | ||||||
Inaba Denki Sangyo Co., Ltd. | 53,794 | 2,379,885 | ||||||
Inabata & Co., Ltd. | 101,741 | 1,545,966 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 127 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2018
Investments | Shares | Value | ||||||
Iwatani Corp.(a) | 34,433 | $ | 1,272,418 | |||||
Japan Pulp & Paper Co., Ltd. | 25,457 | 1,028,094 | ||||||
Kamei Corp. | 67,900 | 952,579 | ||||||
Kanamoto Co., Ltd. | 29,028 | 966,235 | ||||||
Kanematsu Corp. | 111,000 | 1,525,924 | ||||||
Mitsui Matsushima Co., Ltd. | 57,200 | 814,300 | ||||||
Nagase & Co., Ltd. | 157,604 | 2,674,896 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 56,600 | 3,134,688 | ||||||
Nishio Rent All Co., Ltd. | 24,400 | 746,798 | ||||||
Onoken Co., Ltd. | 50,900 | 888,297 | ||||||
Sanyo Trading Co., Ltd.(a) | 25,900 | 492,672 | ||||||
Seika Corp. | 31,200 | 781,540 | ||||||
Sojitz Corp.(a) | 2,068,600 | 6,632,747 | ||||||
Trusco Nakayama Corp. | 31,700 | 786,017 | ||||||
Wakita & Co., Ltd. | 54,100 | 604,333 | ||||||
Yamazen Corp. | 137,606 | 1,437,520 | ||||||
Yuasa Trading Co., Ltd. | 51,600 | 1,703,018 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 36,044,347 | |||||||
Transportation Infrastructure – 0.4% | ||||||||
Japan Airport Terminal Co., Ltd.(a) | 27,600 | 1,054,951 | ||||||
Kamigumi Co., Ltd. | 89,000 | 1,988,378 | ||||||
Mitsubishi Logistics Corp.(a) | 54,500 | 1,158,157 | ||||||
Nissin Corp. | 22,600 | 595,654 | ||||||
|
| |||||||
Total Transportation Infrastructure | 4,797,140 | |||||||
TOTAL COMMON STOCKS (Cost: $937,077,582) | 1,088,460,530 | |||||||
EXCHANGE-TRADED FUND – 0.0% | ||||||||
United States – 0.0% | ||||||||
WisdomTree Japan Hedged Equity Fund(a)(b) | ||||||||
(Cost: $223,686) | 4,374 | 244,988 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.6% | ||||||||
United States – 6.6% | ||||||||
State Street Navigator Securities Lending |
| |||||||
(Cost: $72,826,855)(d) | 72,826,855 | 72,826,855 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 105.5% (Cost: $1,010,128,123) | 1,161,532,373 | |||||||
Other Assets less Liabilities – (5.5)% | (60,941,020 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,100,591,353 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $113,412,308 and the total market value of the collateral held by the Fund was $121,209,187. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $48,382,332. |
See Notes to Financial Statements.
128 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
March 31, 2018
WisdomTree Australia Dividend Fund | WisdomTree Europe Hedged Equity Fund | WisdomTree Europe Hedged SmallCap Equity Fund | WisdomTree Europe Quality Dividend Growth Fund | WisdomTree Europe SmallCap Dividend Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 33,203,628 | $ | 6,067,716,668 | $ | 127,119,972 | $ | 70,501,924 | $ | 1,158,256,261 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | — | — | — | 5,273,897 | |||||||||||||||
Foreign currency, at cost | 46,640 | 8,851,286 | 504,838 | 103,106 | 7,172,954 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 35,205,285 | 6,545,966,185 | 157,922,548 | 72,874,371 | 1,267,539,375 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | — | — | — | 5,240,125 | |||||||||||||||
Cash | 9,153 | 2,467,927 | 8,823 | 21,514 | 11,207 | |||||||||||||||
Foreign currency, at value | 46,640 | 8,847,977 | 504,504 | 102,130 | 7,145,640 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | — | 11,024,214 | 1,967 | — | 7,917 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | — | 80,249,115 | 897,605 | — | 660,996 | |||||||||||||||
Dividends | 233,596 | 2,557,720 | 304,034 | 96,485 | 3,488,537 | |||||||||||||||
Securities lending income | 4,391 | 474,931 | 22,524 | 5,412 | 265,500 | |||||||||||||||
Foreign tax reclaims | — | 15,134,536 | 177,499 | 101,680 | 941,497 | |||||||||||||||
Total Assets | 35,499,065 | 6,666,722,605 | 159,839,504 | 73,201,592 | 1,285,300,794 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 3 | 46,751,138 | 922,706 | — | 191 | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 2,296,561 | 233,934,679 | 4,215,398 | 1,002,910 | 57,256,757 | |||||||||||||||
Investment securities purchased | — | — | — | — | 3,345,669 | |||||||||||||||
Capital shares redeemed | — | 49,845,157 | — | — | — | |||||||||||||||
Advisory fees (Note 3) | 17,461 | 3,221,351 | 76,807 | 34,936 | 611,235 | |||||||||||||||
Service fees (Note 2) | 132 | 24,438 | 582 | 270 | 4,648 | |||||||||||||||
Total Liabilities | 2,314,157 | 333,776,763 | 5,215,493 | 1,038,116 | 61,218,500 | |||||||||||||||
NET ASSETS | $ | 33,184,908 | $ | 6,332,945,842 | $ | 154,624,011 | $ | 72,163,476 | $ | 1,224,082,294 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 44,719,511 | $ | 8,144,157,407 | $ | 157,046,094 | $ | 71,962,405 | $ | 1,233,332,362 | ||||||||||
Undistributed (Distributions in excess of) net investment income | 63,187 | 15,797,064 | (198,790 | ) | 334,887 | 3,856,593 | ||||||||||||||
Accumulated net realized loss on investments, futures contracts, foreign currency contracts and foreign currency related transactions | (13,596,032 | ) | (2,270,869,153 | ) | (32,119,312 | ) | (2,507,017 | ) | (122,399,181 | ) | ||||||||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 1,998,242 | 443,860,524 | 29,896,019 | 2,373,201 | 109,292,520 | |||||||||||||||
NET ASSETS | $ | 33,184,908 | $ | 6,332,945,842 | $ | 154,624,011 | $ | 72,163,476 | $ | 1,224,082,294 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 600,000 | 101,050,000 | 5,050,000 | 2,750,000 | 17,600,000 | |||||||||||||||
Net asset value per share | $ | 55.31 | $ | 62.67 | $ | 30.62 | $ | 26.24 | $ | 69.55 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 3,714,073 | $ | 225,298,985 | $ | 5,350,139 | $ | 997,702 | $ | 72,078,311 | ||||||||||
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 129 |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
March 31, 2018
WisdomTree Germany Hedged Equity Fund | WisdomTree International Dividend ex-Financials Fund | WisdomTree International Equity Fund | WisdomTree International Hedged Quality Dividend Growth Fund | WisdomTree International High Dividend Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 80,861,735 | $ | 204,097,964 | $ | 836,133,335 | $ | 478,785,279 | $ | 327,450,787 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | 117,782 | 171 | — | 270,151 | |||||||||||||||
Foreign currency, at cost | 61,322 | 124,203 | 1,059,278 | 1,022,410 | 273,571 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 90,715,846 | 198,183,854 | 945,111,460 | 548,057,014 | 340,842,554 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | 130,035 | 174 | — | 267,690 | |||||||||||||||
Cash | 15,210 | 105,091 | 38,127 | 97,471 | 20,610 | |||||||||||||||
Foreign currency, at value | 61,254 | 124,010 | 1,053,235 | 1,013,944 | 273,481 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 1,141 | — | — | 2,245,664 | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 564,798 | — | 31,053 | 131,801 | — | |||||||||||||||
Dividends | — | 767,159 | 3,649,131 | 1,287,448 | 1,334,730 | |||||||||||||||
Securities lending income | 42 | 6,910 | 55,831 | 19,777 | 18,094 | |||||||||||||||
Foreign tax reclaims | 554,417 | 436,830 | 1,032,936 | 1,292,051 | 474,492 | |||||||||||||||
Total Assets | 91,912,708 | 199,753,889 | 950,971,947 | 554,145,170 | 343,231,651 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 565,369 | 531 | — | 2,953,817 | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 6,890 | 931,270 | 35,599,611 | 7,588,253 | 7,777,529 | |||||||||||||||
Investment securities purchased | — | 77,825 | — | — | 107,425 | |||||||||||||||
Capital shares redeemed | — | — | — | 139,604 | — | |||||||||||||||
Advisory fees (Note 3) | 37,768 | 97,513 | 375,456 | 269,599 | 165,523 | |||||||||||||||
Service fees (Note 2) | 345 | 742 | 3,443 | 2,044 | 1,259 | |||||||||||||||
Total Liabilities | 610,372 | 1,107,881 | 35,978,510 | 10,953,317 | 8,051,736 | |||||||||||||||
NET ASSETS | $ | 91,302,336 | $ | 198,646,008 | $ | 914,993,437 | $ | 543,191,853 | $ | 335,179,915 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 118,734,625 | $ | 227,677,938 | $ | 848,308,575 | $ | 525,305,676 | $ | 359,940,474 | ||||||||||
Undistributed (Distributions in excess of) net investment income | (100,164 | ) | 703,745 | 4,021,252 | (1,813,823 | ) | 1,255,785 | |||||||||||||
Accumulated net realized loss on investments, futures contracts, foreign currency contracts and foreign currency related transactions | (36,675,001 | ) | (23,845,722 | ) | (46,340,458 | ) | (48,895,422 | ) | (39,419,671 | ) | ||||||||||
Net unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 9,342,876 | (5,889,953 | ) | 109,004,068 | 68,595,422 | 13,403,327 | ||||||||||||||
NET ASSETS | $ | 91,302,336 | $ | 198,646,008 | $ | 914,993,437 | $ | 543,191,853 | $ | 335,179,915 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 2,950,000 | 4,600,000 | 16,750,000 | 17,650,000 | 7,750,000 | |||||||||||||||
Net asset value per share | $ | 30.95 | $ | 43.18 | $ | 54.63 | $ | 30.78 | $ | 43.25 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 6,555 | $ | 1,854,574 | $ | 41,672,599 | $ | 16,078,154 | $ | 9,427,586 | ||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
|
See Notes to Financial Statements.
130 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
March 31, 2018
WisdomTree International LargeCap Dividend Fund | WisdomTree International MidCap Dividend Fund | WisdomTree International Quality Dividend Growth Fund | WisdomTree International SmallCap Dividend Fund | WisdomTree Japan Hedged Equity Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 414,310,240 | $ | 257,575,331 | $ | 22,832,127 | $ | 1,658,310,366 | $ | 6,170,124,467 | ||||||||||
Investment in affiliates, at cost (Note 3) | 742,119 | 89,292 | — | 6,949,065 | — | |||||||||||||||
Foreign currency, at cost | 622,208 | 158,193 | 60,172 | 6,214,210 | 9,129,912 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 451,803,434 | 299,806,192 | 24,850,833 | 2,043,124,530 | 6,932,995,652 | |||||||||||||||
Investment in affiliates, at value (Note 3) | 759,963 | 86,565 | — | 7,119,679 | — | |||||||||||||||
Cash | 33,568 | 21,288 | 13,043 | 76,654 | 1,578,040 | |||||||||||||||
Foreign currency, at value | 619,701 | 158,077 | 59,833 | 6,189,482 | 9,125,152 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 484 | — | 2,375 | — | 3,380,797 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | — | — | 535,805 | — | 41,230,653 | |||||||||||||||
Capital shares sold | — | — | — | — | 1,508 | |||||||||||||||
Dividends | 1,565,526 | 1,357,793 | 56,545 | 9,644,103 | 64,923,230 | |||||||||||||||
Securities lending income | 21,654 | 13,170 | 1,174 | 298,527 | 127,088 | |||||||||||||||
Foreign tax reclaims | 698,373 | 133,068 | 25,466 | 763,207 | — | |||||||||||||||
Total Assets | 455,502,703 | 301,576,153 | 25,545,074 | 2,067,216,182 | 7,053,362,120 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 77 | 1 | 2,353 | — | 34,651,583 | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 12,459,385 | 15,346,429 | 597,345 | 122,756,009 | 391,503,379 | |||||||||||||||
Investment securities purchased | — | — | 541,587 | 3,028,079 | — | |||||||||||||||
Capital shares redeemed | — | — | — | — | 17,389,761 | |||||||||||||||
Advisory fees (Note 3) | 181,458 | 139,877 | 7,649 | 957,696 | 2,792,123 | |||||||||||||||
Service fees (Note 2) | 1,664 | 1,063 | 87 | 7,279 | 25,595 | |||||||||||||||
Total Liabilities | 12,642,584 | 15,487,370 | 1,149,021 | 126,749,063 | 446,362,441 | |||||||||||||||
NET ASSETS | $ | 442,860,119 | $ | 286,088,783 | $ | 24,396,053 | $ | 1,940,467,119 | $ | 6,606,999,679 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 449,184,481 | $ | 255,404,788 | $ | 22,543,589 | $ | 1,592,173,506 | $ | 7,791,971,730 | ||||||||||
Undistributed net investment income | 1,771,819 | 1,131,599 | 136,501 | 5,684,304 | 106,092,832 | |||||||||||||||
Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions | (45,629,763 | ) | (12,678,519 | ) | (302,605 | ) | (42,374,400 | ) | (2,022,588,216 | ) | ||||||||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 37,533,582 | 42,230,915 | 2,018,568 | 384,983,709 | 731,523,333 | |||||||||||||||
NET ASSETS | $ | 442,860,119 | $ | 286,088,783 | $ | 24,396,053 | $ | 1,940,467,119 | $ | 6,606,999,679 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 8,950,000 | 4,200,000 | 800,000 | 25,600,000 | 118,500,000 | |||||||||||||||
Net asset value per share | $ | 49.48 | $ | 68.12 | $ | 30.50 | $ | 75.80 | $ | 55.76 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 12,281,757 | $ | 20,511,870 | $ | 673,665 | $ | 180,926,916 | $ | 542,027,489 | ||||||||||
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 Developed World ex-U.S. and Currency Hedged Equity Funds | 131 |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
March 31, 2018
WisdomTree Japan Hedged Financials Fund | WisdomTree Japan Hedged Quality Dividend Growth Fund | WisdomTree Japan Hedged SmallCap Equity Fund | WisdomTree Japan SmallCap Dividend Fund | |||||||||||||
ASSETS: | ||||||||||||||||
Investments, at cost | $ | 45,136,400 | $ | 11,588,903 | $ | 195,145,595 | $ | 1,009,904,437 | ||||||||
Investment in affiliates, at cost (Note 3) | — | — | — | 223,686 | ||||||||||||
Foreign currency, at cost | 13,741 | 28,444 | 289,856 | 959,569 | ||||||||||||
Investments in securities, at value1,2 (Note 2) | 42,277,732 | 13,865,891 | 228,191,129 | 1,161,287,385 | ||||||||||||
Investment in affiliates, at value (Note 3) | — | — | — | 244,988 | ||||||||||||
Cash | 20,643 | 1,023 | 43,668 | 683,998 | ||||||||||||
Foreign currency, at value | 13,611 | 28,260 | 288,945 | 956,165 | ||||||||||||
Unrealized appreciation on foreign currency contracts | 13,016 | 4,387 | 65,271 | — | ||||||||||||
Receivables: | ||||||||||||||||
Investment securities sold | 35,618 | — | 32,841 | — | ||||||||||||
Capital shares sold | — | — | — | 8,019,804 | ||||||||||||
Dividends | 555,702 | 127,802 | 2,011,956 | 10,470,647 | ||||||||||||
Securities lending income | 699 | 208 | 19,313 | 66,995 | ||||||||||||
Foreign tax reclaims | — | — | 5,567 | 132,577 | ||||||||||||
Total Assets | 42,917,021 | 14,027,571 | 230,658,690 | 1,181,862,559 | ||||||||||||
LIABILITIES: | ||||||||||||||||
Unrealized depreciation on foreign currency contracts | 47,904 | 16,099 | 239,968 | — | ||||||||||||
Payables: | ||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 2,035,345 | 83,972 | 22,883,309 | 72,826,855 | ||||||||||||
Investment securities purchased | — | — | — | 7,922,078 | ||||||||||||
Advisory fees (Note 3) | 16,576 | 5,015 | 101,070 | 518,340 | ||||||||||||
Service fees (Note 2) | 151 | 52 | 767 | 3,933 | ||||||||||||
Total Liabilities | 2,099,976 | 105,138 | 23,225,114 | 81,271,206 | ||||||||||||
NET ASSETS | $ | 40,817,045 | $ | 13,922,433 | $ | 207,433,576 | $ | 1,100,591,353 | ||||||||
NET ASSETS: |
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Paid-in capital | $ | 51,426,340 | $ | 14,475,317 | $ | 204,805,820 | $ | 966,038,971 | ||||||||
Undistributed net investment income | 602,316 | 115,756 | 2,698,485 | 7,982,378 | ||||||||||||
Accumulated net realized loss on investments, futures contracts, foreign currency contracts and foreign currency related transactions | (8,314,961 | ) | (2,933,652 | ) | (32,938,700 | ) | (24,815,880 | ) | ||||||||
Net unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (2,896,650 | ) | 2,265,012 | 32,867,971 | 151,385,884 | |||||||||||
NET ASSETS | $ | 40,817,045 | $ | 13,922,433 | $ | 207,433,576 | $ | 1,100,591,353 | ||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 1,700,000 | 500,000 | 4,700,000 | 13,600,000 | ||||||||||||
Net asset value per share | $ | 24.01 | $ | 27.84 | $ | 44.13 | $ | 80.93 | ||||||||
1 Includes market value of securities out on loan of: | $ | 3,238,508 | $ | 235,499 | $ | 35,254,827 | $ | 113,412,308 | ||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
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See Notes to Financial Statements.
132 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
For the Year Ended March 31, 2018
WisdomTree Australia Dividend Fund | WisdomTree Europe Hedged | WisdomTree Europe Hedged SmallCap Equity Fund | WisdomTree Growth Fund | WisdomTree Europe SmallCap Dividend Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 1,531,851 | $ | 181,714,917 | $ | 4,384,260 | $ | 1,074,255 | $ | 32,371,805 | ||||||||||
Dividends from affiliates (Note 3) | — | — | — | — | 62,946 | |||||||||||||||
Interest | — | 2,624 | — | — | — | |||||||||||||||
Non-cash dividends | 162,988 | 28,678,543 | 214,525 | 3,516 | 1,120,766 | |||||||||||||||
Securities lending income (Note 2) | 58,118 | 3,792,635 | 144,064 | 12,974 | 2,088,908 | |||||||||||||||
Total investment income | 1,752,957 | 214,188,719 | 4,742,849 | 1,090,745 | 35,644,425 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 214,836 | 49,755,169 | 912,696 | 242,623 | 6,176,377 | |||||||||||||||
Service fees (Note 2) | 1,630 | 377,453 | 6,924 | 1,841 | 46,855 | |||||||||||||||
Total expenses | 216,466 | 50,132,622 | 919,620 | 244,464 | 6,223,232 | |||||||||||||||
Expense waivers (Note 3) | — | — | — | — | (8,379 | ) | ||||||||||||||
Net expenses | 216,466 | 50,132,622 | 919,620 | 244,464 | 6,214,853 | |||||||||||||||
Net investment income | 1,536,491 | 164,056,097 | 3,823,229 | 846,281 | 29,429,572 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | (721,593 | ) | 52,563,308 | (1,091,375 | ) | (370,457 | ) | (6,587,412 | ) | |||||||||||
Investment transactions in affiliates (Note 3) | — | — | — | — | 266,108 | |||||||||||||||
In-kind redemptions | 764,982 | 476,596,117 | 10,393,180 | 680,197 | 31,901,417 | |||||||||||||||
Futures contracts | — | 888,112 | — | — | — | |||||||||||||||
Foreign currency contracts | 1,367 | (1,113,264,428 | ) | (18,896,470 | ) | 418 | (371,408 | ) | ||||||||||||
Foreign currency related transactions | (24,289 | ) | 1,304,671 | 32,357 | 6,199 | 494,667 | ||||||||||||||
Net realized gain (loss) | 20,467 | (581,912,220 | ) | (9,562,308 | ) | 316,357 | 25,703,372 | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | (231,875 | ) | 641,088,656 | 20,127,147 | 1,715,605 | 118,755,715 | ||||||||||||||
Foreign currency contracts | (23 | ) | 22,313,080 | (24,062 | ) | — | 8,359 | |||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (3,151 | ) | 2,354,941 | 30,313 | 1,467 | 119,386 | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | (235,049 | ) | 665,756,677 | 20,133,398 | 1,717,072 | 118,883,460 | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (214,582 | ) | 83,844,457 | 10,571,090 | 2,033,429 | 144,586,832 | ||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 1,321,909 | $ | 247,900,554 | $ | 14,394,319 | $ | 2,879,710 | $ | 174,016,404 | ||||||||||
1 Net of foreign withholding tax of: | $ | 14,997 | $ | 31,204,534 | $ | 724,817 | $ | 124,144 | $ | 3,321,289 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 133 |
Table of Contents
Statements of Operations (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
For the Year Ended March 31, 2018
WisdomTree Germany Hedged Equity Fund | WisdomTree International Dividend ex-Financials Fund | WisdomTree International Equity Fund | WisdomTree International Hedged Quality Dividend Growth Fund | WisdomTree International High Dividend Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 3,708,335 | $ | 7,819,848 | $ | 28,014,133 | $ | 12,549,385 | $ | 12,690,274 | ||||||||||
Dividends from affiliates (Note 3) | — | 90,752 | 123,514 | — | 85,123 | |||||||||||||||
Interest | — | — | — | 114 | — | |||||||||||||||
Non-cash dividends | — | 772,370 | 1,565,280 | 144,411 | 958,168 | |||||||||||||||
Securities lending income (Note 2) | 24,183 | 179,877 | 435,643 | 154,051 | 204,331 | |||||||||||||||
Total investment income | 3,732,518 | 8,862,847 | 30,138,570 | 12,847,961 | 13,937,896 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 548,588 | 1,192,440 | 3,985,669 | 3,007,290 | 1,832,110 | |||||||||||||||
Service fees (Note 2) | 5,029 | 9,046 | 36,535 | 22,814 | 13,898 | |||||||||||||||
Total expenses | 553,617 | 1,201,486 | 4,022,204 | 3,030,104 | 1,846,008 | |||||||||||||||
Expense waivers (Note 3) | — | (5,052 | ) | (3,264 | ) | — | (2,126 | ) | ||||||||||||
Net expenses | 553,617 | 1,196,434 | 4,018,940 | 3,030,104 | 1,843,882 | |||||||||||||||
Net investment income | 3,178,901 | 7,666,413 | 26,119,630 | 9,817,857 | 12,094,014 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | (1,045,893 | ) | (6,617,903 | ) | (5,306,766 | ) | (6,260,114 | ) | (4,349,698 | ) | ||||||||||
Investment transactions in affiliates (Note 3) | — | 27,379 | 5,050 | — | (132,490 | ) | ||||||||||||||
In-kind redemptions | 5,091,468 | 2,296,277 | 2,910,231 | 18,406,905 | — | |||||||||||||||
Futures contracts | — | — | — | 142,741 | — | |||||||||||||||
Foreign currency contracts | (14,653,220 | ) | 40,175 | 116,535 | (39,820,464 | ) | 91,390 | |||||||||||||
Foreign currency related transactions | 8,869 | (18,419 | ) | 17,130 | 233,433 | (46,502 | ) | |||||||||||||
Net realized loss | (10,598,776 | ) | (4,272,491 | ) | (2,257,820 | ) | (27,297,499 | ) | (4,437,300 | ) | ||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | 13,213,753 | 21,453,390 | 73,222,328 | 58,710,683 | 23,128,594 | |||||||||||||||
Foreign currency contracts | 39,785 | (531 | ) | (7,388 | ) | 392,983 | 71 | |||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 94,990 | 37,979 | 65,322 | 35,659 | 35,680 | |||||||||||||||
Net increase in unrealized appreciation/depreciation | 13,348,528 | 21,490,838 | 73,280,262 | 59,139,325 | 23,164,345 | |||||||||||||||
Net realized and unrealized gain on investments | 2,749,752 | 17,218,347 | 71,022,442 | 31,841,826 | 18,727,045 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 5,928,653 | $ | 24,884,760 | $ | 97,142,072 | $ | 41,659,683 | $ | 30,821,059 | ||||||||||
1 Net of foreign withholding tax of: | $ | 432,430 | $ | 717,153 | $ | 2,460,276 | $ | 1,337,674 | $ | 1,120,285 |
See Notes to Financial Statements.
134 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Statements of Operations (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
For the Year Ended March 31, 2018
WisdomTree Dividend Fund | WisdomTree Dividend Fund | WisdomTree Dividend Growth Fund | WisdomTree Dividend Fund | WisdomTree Japan Hedged Equity Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 14,088,590 | $ | 7,693,054 | $ | 381,418 | $ | 52,039,682 | $ | 180,765,896 | ||||||||||
Dividends from affiliates (Note 3) | 96,426 | 41,166 | — | 331,507 | — | |||||||||||||||
Non-cash dividends | 980,317 | 135,072 | 2,945 | 1,999,153 | — | |||||||||||||||
Securities lending income (Note 2) | 182,532 | 81,673 | 4,582 | 2,349,202 | 776,757 | |||||||||||||||
Total investment income | 15,347,865 | 7,950,965 | 388,945 | 56,719,544 | 181,542,653 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 1,949,683 | 1,377,136 | 72,858 | 9,628,815 | 40,425,914 | |||||||||||||||
Service fees (Note 2) | 17,872 | 10,447 | 667 | 73,047 | 370,570 | |||||||||||||||
Total expenses | 1,967,555 | 1,387,583 | 73,525 | 9,701,862 | 40,796,484 | |||||||||||||||
Expense waivers (Note 3) | (4,123 | ) | (1,533 | ) | (15,179 | ) | (22,795 | ) | — | |||||||||||
Net expenses | 1,963,432 | 1,386,050 | 58,346 | 9,679,067 | 40,796,484 | |||||||||||||||
Net investment income | 13,384,433 | 6,564,915 | 330,599 | 47,040,477 | 140,746,169 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions2 | (6,709,518 | ) | 4,492,177 | (299,761 | ) | 21,433,716 | 46,306,838 | |||||||||||||
Investment transactions in affiliates (Note 3) | 126,788 | 9,442 | — | 828,188 | — | |||||||||||||||
In-kind redemptions | — | — | 366,527 | — | 756,696,306 | |||||||||||||||
Foreign currency contracts | 71,463 | (10,758 | ) | (2,484 | ) | 89,634 | (317,001,825 | ) | ||||||||||||
Foreign currency related transactions | 854 | 33,212 | 3,783 | (63,413 | ) | 841,005 | ||||||||||||||
Net realized gain (loss) | (6,510,413 | ) | 4,524,073 | 68,065 | 22,288,125 | 486,842,324 | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | 37,222,462 | 21,076,102 | 1,583,388 | 204,472,938 | 501,733,870 | |||||||||||||||
Foreign currency contracts | 481 | 57 | 23 | (1,454 | ) | 1,236,783 | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 49,203 | 10,429 | (259 | ) | 76,933 | 790,285 | ||||||||||||||
Net increase in unrealized appreciation/depreciation | 37,272,146 | 21,086,588 | 1,583,152 | 204,548,417 | 503,760,938 | |||||||||||||||
Net realized and unrealized gain on investments | 30,761,733 | 25,610,661 | 1,651,217 | 226,836,542 | 990,603,262 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 44,146,166 | $ | 32,175,576 | $ | 1,981,816 | $ | 273,877,019 | $ | 1,131,349,431 | ||||||||||
1 Net of foreign withholding tax of: | $ | 1,237,107 | $ | 665,670 | $ | 43,898 | $ | 5,123,155 | $ | 19,992,439 | ||||||||||
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2 Net of foreign capital gains tax withheld of: | — | — | — | $ | 1,373 | — | ||||||||||||||
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See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 135 |
Table of Contents
Statements of Operations (concluded)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
For the Year Ended March 31, 2018
WisdomTree Japan Hedged Financials | WisdomTree Dividend Growth Fund | WisdomTree Japan Hedged Equity Fund | WisdomTree Japan SmallCap Dividend Fund | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Dividends1 | $ | 789,864 | $ | 297,749 | $ | 3,418,195 | $ | 16,293,677 | ||||||||
Dividends from affiliates (Note 3) | — | — | — | 105,991 | ||||||||||||
Interest | — | — | — | 93 | ||||||||||||
Securities lending income (Note 2) | 2,661 | 1,378 | 137,746 | 452,166 | ||||||||||||
Total investment income | 792,525 | 299,127 | 3,555,941 | 16,851,927 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees (Note 3) | 147,131 | 65,223 | 985,498 | 3,879,045 | ||||||||||||
Service fees (Note 2) | 1,348 | 598 | 7,477 | 29,427 | ||||||||||||
Total expenses | 148,479 | 65,821 | 992,975 | 3,908,472 | ||||||||||||
Expense waivers (Note 3) | — | (6,794 | ) | — | (3,157 | ) | ||||||||||
Net expenses | 148,479 | 59,027 | 992,975 | 3,905,315 | ||||||||||||
Net investment income | 644,046 | 240,100 | 2,562,966 | 12,946,612 | ||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||
Investment transactions | (934,123 | ) | (194 | ) | (2,042,129 | ) | (6,520,907 | ) | ||||||||
Investment transactions in affiliates (Note 3) | — | — | — | 194,697 | ||||||||||||
In-kind redemptions | 1,806,622 | — | 11,929,950 | 21,145,946 | ||||||||||||
Futures contracts | — | — | — | 136,825 | ||||||||||||
Foreign currency contracts | (1,967,308 | ) | (508,893 | ) | (9,682,820 | ) | (160,601 | ) | ||||||||
Foreign currency related transactions | 4,287 | 1,902 | 67,593 | 304,002 | ||||||||||||
Net realized gain (loss) | (1,090,522 | ) | (507,185 | ) | 272,594 | 15,099,962 | ||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||
Investment transactions | (390,413 | ) | 2,158,441 | 21,883,305 | 95,932,671 | |||||||||||
Foreign currency contracts | 124,354 | 21,388 | 86,178 | (460 | ) | |||||||||||
Translation of assets and liabilities denominated in foreign currencies | 1,789 | (27 | ) | 1,444 | 6,930 | |||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | (264,270 | ) | 2,179,802 | 21,970,927 | 95,939,141 | |||||||||||
Net realized and unrealized gain (loss) on investments | (1,354,792 | ) | 1,672,617 | 22,243,521 | 111,039,103 | |||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (710,746 | ) | $ | 1,912,717 | $ | 24,806,487 | $ | 123,985,715 | |||||||
1 Net of foreign withholding tax of: | $ | 87,763 | $ | 33,008 | $ | 378,924 | $ | 1,806,343 |
See Notes to Financial Statements.
136 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
WisdomTree Australia Dividend Fund | WisdomTree Europe Hedged Equity Fund | WisdomTree Europe Hedged SmallCap Equity Fund | ||||||||||||||||||||||
For the Year Ended | For the Year Ended | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
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Net investment income | $ | 1,536,491 | $ | 1,347,638 | $ | 164,056,097 | $ | 316,504,070 | $ | 3,823,229 | $ | 6,793,205 | ||||||||||||
Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | 20,467 | (144,971 | ) | (581,912,220 | ) | (138,232,513 | ) | (9,562,308 | ) | 12,099,059 | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (235,049 | ) | 5,535,849 | 665,756,677 | 1,796,540,063 | 20,133,398 | 16,778,331 | |||||||||||||||||
Net increase in net assets resulting from operations | 1,321,909 | 6,738,516 | 247,900,554 | 1,974,811,620 | 14,394,319 | 35,670,595 | ||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||||||||||||||||||
Net investment income | (1,500,462 | ) | (1,434,229 | ) | (205,511,362 | ) | (315,544,643 | ) | (2,354,900 | ) | (5,737,894 | ) | ||||||||||||
Return of capital | — | — | — | — | (58,350 | ) | — | |||||||||||||||||
Total dividends and distributions | (1,500,462 | ) | (1,434,229 | ) | (205,511,362 | ) | (315,544,643 | ) | (2,413,250 | ) | (5,737,894 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | — | — | 462,153,844 | 518,423,439 | 28,698,048 | — | ||||||||||||||||||
Cost of shares redeemed | (2,910,796 | ) | (2,846,902 | ) | (3,471,771,615 | ) | (6,594,469,002 | ) | (41,649,166 | ) | (142,046,457 | ) | ||||||||||||
Net decrease in net assets resulting from capital share transactions | (2,910,796 | ) | (2,846,902 | ) | (3,009,617,771 | ) | (6,076,045,563 | ) | (12,951,118 | ) | (142,046,457 | ) | ||||||||||||
Net Increase (Decrease) in Net Assets | (3,089,349 | ) | 2,457,385 | (2,967,228,579 | ) | (4,416,778,586 | ) | (970,049 | ) | (112,113,756 | ) | |||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of year | $ | 36,274,257 | $ | 33,816,872 | $ | 9,300,174,421 | $ | 13,716,953,007 | $ | 155,594,060 | $ | 267,707,816 | ||||||||||||
End of year | $ | 33,184,908 | $ | 36,274,257 | $ | 6,332,945,842 | $ | 9,300,174,421 | $ | 154,624,011 | $ | 155,594,060 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of year | $ | 63,187 | $ | 49,936 | $ | 15,797,064 | $ | 43,708,642 | $ | (198,790 | ) | $ | (814,603 | ) | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of year | 650,000 | 700,000 | 148,100,000 | 263,600,000 | 5,500,000 | 11,200,000 | ||||||||||||||||||
Shares created | — | — | 7,100,000 | 9,600,000 | 950,000 | — | ||||||||||||||||||
Shares redeemed | (50,000 | ) | (50,000 | ) | (54,150,000 | ) | (125,100,000 | ) | (1,400,000 | ) | (5,700,000 | ) | ||||||||||||
Shares outstanding, end of year | 600,000 | 650,000 | 101,050,000 | 148,100,000 | 5,050,000 | 5,500,000 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 137 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
WisdomTree Europe Quality Dividend Growth Fund | WisdomTree Europe SmallCap Dividend Fund | WisdomTree Germany Hedged Equity Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 846,281 | $ | 349,868 | $ | 29,429,572 | $ | 30,324,067 | $ | 3,178,901 | $ | 4,800,847 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 316,357 | (747,262 | ) | 25,703,372 | 2,930,614 | (10,598,776 | ) | (168,544 | ) | |||||||||||||||
Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 1,717,072 | 1,412,476 | 118,883,460 | 5,634,582 | 13,348,528 | 25,059,818 | ||||||||||||||||||
Net increase in net assets resulting from operations | 2,879,710 | 1,015,082 | 174,016,404 | 38,889,263 | 5,928,653 | 29,692,121 | ||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||||||||||||||||||
Net investment income | (538,884 | ) | (368,213 | ) | (28,824,886 | ) | (33,816,718 | ) | (2,509,207 | ) | (6,533,500 | ) | ||||||||||||
Return of capital | — | — | — | — | (845,543 | ) | — | |||||||||||||||||
Total dividends and distributions | (538,884 | ) | (368,213 | ) | (28,824,886 | ) | (33,816,718 | ) | (3,354,750 | ) | (6,533,500 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 56,267,441 | 1,099,916 | 379,132,162 | 91,461,683 | 1,669,276 | — | ||||||||||||||||||
Cost of shares redeemed | (3,821,291 | ) | (2,223,996 | ) | (75,240,524 | ) | (447,469,871 | ) | (37,589,190 | ) | (99,011,496 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 52,446,150 | (1,124,080 | ) | 303,891,638 | (356,008,188 | ) | (35,919,914 | ) | (99,011,496 | ) | ||||||||||||||
Net Increase (Decrease) in Net Assets | 54,786,976 | (477,211 | ) | 449,083,156 | (350,935,643 | ) | (33,346,011 | ) | (75,852,875 | ) | ||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of year | $ | 17,376,500 | $ | 17,853,711 | $ | 774,999,138 | $ | 1,125,934,781 | $ | 124,648,347 | $ | 200,501,222 | ||||||||||||
End of year | $ | 72,163,476 | $ | 17,376,500 | $ | 1,224,082,294 | $ | 774,999,138 | $ | 91,302,336 | $ | 124,648,347 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of year | $ | 334,887 | $ | 19,625 | $ | 3,856,593 | $ | 1,164,805 | $ | (100,164 | ) | $ | 176,953 | |||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of year | 750,000 | 800,000 | 13,100,000 | 19,750,000 | 4,100,000 | 7,850,000 | ||||||||||||||||||
Shares created | 2,150,000 | 50,000 | 5,650,000 | 1,650,000 | 50,000 | — | ||||||||||||||||||
Shares redeemed | (150,000 | ) | (100,000 | ) | (1,150,000 | ) | (8,300,000 | ) | (1,200,000 | ) | (3,750,000 | ) | ||||||||||||
Shares outstanding, end of year | 2,750,000 | 750,000 | 17,600,000 | 13,100,000 | 2,950,000 | 4,100,000 |
See Notes to Financial Statements.
138 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
WisdomTree International Dividend ex-Financials Fund | WisdomTree International Equity Fund | WisdomTree International Hedged Quality Dividend Growth Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 7,666,413 | $ | 8,574,987 | $ | 26,119,630 | $ | 21,770,680 | $ | 9,817,857 | $ | 10,570,354 | ||||||||||||
Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | (4,272,491 | ) | (3,579,886 | ) | (2,257,820 | ) | 5,660,506 | (27,297,499 | ) | 18,101,046 | ||||||||||||||
Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 21,490,838 | 9,887,682 | 73,280,262 | 43,938,893 | 59,139,325 | 33,716,316 | ||||||||||||||||||
Net increase in net assets resulting from operations | 24,884,760 | 14,882,783 | 97,142,072 | 71,370,079 | 41,659,683 | 62,387,716 | ||||||||||||||||||
DIVIDENDS: | ||||||||||||||||||||||||
Net investment income | (7,674,532 | ) | (8,722,068 | ) | (24,687,701 | ) | (21,780,815 | ) | (2,883,500 | ) | (12,264,750 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 2,282,900 | 7,774,853 | 147,167,975 | 65,281,232 | 110,682,170 | 110,117,578 | ||||||||||||||||||
Cost of shares redeemed | (21,414,941 | ) | (43,850,783 | ) | (8,577,112 | ) | (32,853,925 | ) | (85,993,497 | ) | (412,563,478 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (19,132,041 | ) | (36,075,930 | ) | 138,590,863 | 32,427,307 | 24,688,673 | (302,445,900 | ) | |||||||||||||||
Net Increase (Decrease) in Net Assets | (1,921,813 | ) | (29,915,215 | ) | 211,045,234 | 82,016,571 | 63,464,856 | (252,322,934 | ) | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of year | $ | 200,567,821 | $ | 230,483,036 | $ | 703,948,203 | $ | 621,931,632 | $ | 479,726,997 | $ | 732,049,931 | ||||||||||||
End of year | $ | 198,646,008 | $ | 200,567,821 | $ | 914,993,437 | $ | 703,948,203 | $ | 543,191,853 | $ | 479,726,997 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of year | $ | 703,745 | $ | 518,361 | $ | 4,021,252 | $ | 2,311,864 | $ | (1,813,823 | ) | $ | (1,824,952 | ) | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of year | 5,050,000 | 6,000,000 | 14,200,000 | 13,550,000 | 16,900,000 | 28,450,000 | ||||||||||||||||||
Shares created | 50,000 | 200,000 | 2,700,000 | 1,350,000 | 3,600,000 | 4,150,000 | ||||||||||||||||||
Shares redeemed | (500,000 | ) | (1,150,000 | ) | (150,000 | ) | (700,000 | ) | (2,850,000 | ) | (15,700,000 | ) | ||||||||||||
Shares outstanding, end of year | 4,600,000 | 5,050,000 | 16,750,000 | 14,200,000 | 17,650,000 | 16,900,000 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 139 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
WisdomTree International High Dividend Fund | WisdomTree International LargeCap Dividend Fund | WisdomTree International MidCap Dividend Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 12,094,014 | $ | 10,640,745 | $ | 13,384,433 | $ | 12,880,831 | $ | 6,564,915 | $ | 4,491,909 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | (4,437,300 | ) | (1,193,429 | ) | (6,510,413 | ) | 3,212,366 | 4,524,073 | 1,663,455 | |||||||||||||||
Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 23,164,345 | 18,860,097 | 37,272,146 | 23,394,524 | 21,086,588 | 9,684,162 | ||||||||||||||||||
Net increase in net assets resulting from operations | 30,821,059 | 28,307,413 | 44,146,166 | 39,487,721 | 32,175,576 | 15,839,526 | ||||||||||||||||||
DIVIDENDS: | ||||||||||||||||||||||||
Net investment income | (11,744,233 | ) | (10,595,744 | ) | (12,934,443 | ) | (13,027,235 | ) | (6,153,904 | ) | (4,427,444 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 65,710,900 | — | 52,574,727 | 4,131,310 | 80,441,494 | 14,701,222 | ||||||||||||||||||
Cost of shares redeemed | — | (24,786,176 | ) | — | (38,131,413 | ) | — | — | ||||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 65,710,900 | (24,786,176 | ) | 52,574,727 | (34,000,103 | ) | 80,441,494 | 14,701,222 | ||||||||||||||||
Net Increase (Decrease) in Net Assets | 84,787,726 | (7,074,507 | ) | 83,786,450 | (7,539,617 | ) | 106,463,166 | 26,113,304 | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of year | $ | 250,392,189 | $ | 257,466,696 | $ | 359,073,669 | $ | 366,613,286 | $ | 179,625,617 | $ | 153,512,313 | ||||||||||||
End of year | $ | 335,179,915 | $ | 250,392,189 | $ | 442,860,119 | $ | 359,073,669 | $ | 286,088,783 | $ | 179,625,617 | ||||||||||||
Undistributed net investment income included in net assets at end of year | $ | 1,255,785 | $ | 835,615 | $ | 1,771,819 | $ | 1,129,616 | $ | 1,131,599 | $ | 676,946 | ||||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of year | 6,200,000 | 6,850,000 | 7,900,000 | 8,700,000 | 3,000,000 | 2,750,000 | ||||||||||||||||||
Shares created | 1,550,000 | — | 1,050,000 | 100,000 | 1,200,000 | 250,000 | ||||||||||||||||||
Shares redeemed | — | (650,000 | ) | — | (900,000 | ) | — | — | ||||||||||||||||
Shares outstanding, end of year | 7,750,000 | 6,200,000 | 8,950,000 | 7,900,000 | 4,200,000 | 3,000,000 |
See Notes to Financial Statements.
140 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
WisdomTree International Quality Dividend Growth Fund | WisdomTree International SmallCap Dividend Fund | WisdomTree Japan Hedged Equity Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Period April 7, 2016* through March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 330,599 | $ | 105,434 | $ | 47,040,477 | $ | 37,404,267 | $ | 140,746,169 | $ | 150,343,523 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 68,065 | (3,479 | ) | 22,288,125 | (5,491,624 | ) | 486,842,324 | (218,685,156 | ) | |||||||||||||||
Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 1,583,152 | 435,416 | 204,548,417 | 125,044,787 | 503,760,938 | 1,139,266,388 | ||||||||||||||||||
Net increase in net assets resulting from operations | 1,981,816 | 537,371 | 273,877,019 | 156,957,430 | 1,131,349,431 | 1,070,924,755 | ||||||||||||||||||
DIVIDENDS: | ||||||||||||||||||||||||
Net investment income | (213,547 | ) | (87,988 | ) | (49,435,198 | ) | (37,730,923 | ) | (218,205,485 | ) | (163,798,365 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 16,337,920 | 8,699,615 | 431,989,018 | 79,833,957 | 1,216,292,660 | 2,351,903,284 | ||||||||||||||||||
Cost of shares redeemed | (2,859,234 | ) | — | — | (15,001,116 | ) | (3,934,107,108 | ) | (4,584,491,599 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 13,478,686 | 8,699,615 | 431,989,018 | 64,832,841 | (2,717,814,448 | ) | (2,232,588,315 | ) | ||||||||||||||||
Net Increase (Decrease) in Net Assets | 15,246,955 | 9,148,998 | 656,430,839 | 184,059,348 | (1,804,670,502 | ) | (1,325,461,925 | ) | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of period | $ | 9,149,098 | $ | 100 | $ | 1,284,036,280 | $ | 1,099,976,932 | $ | 8,411,670,181 | $ | 9,737,132,106 | ||||||||||||
End of period | $ | 24,396,053 | $ | 9,149,098 | $ | 1,940,467,119 | $ | 1,284,036,280 | $ | 6,606,999,679 | $ | 8,411,670,181 | ||||||||||||
Undistributed net investment income included in net assets at end of period | $ | 136,501 | $ | 16,827 | $ | 5,684,304 | $ | 6,401,261 | $ | 106,092,832 | $ | 129,317,895 | ||||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of period | 350,004 | 4 | 19,700,000 | 18,650,000 | 166,900,000 | 222,050,000 | ||||||||||||||||||
Shares created | 550,000 | 350,000 | 5,900,000 | 1,300,000 | 22,000,000 | 52,250,000 | ||||||||||||||||||
Shares redeemed | (100,004 | ) | — | — | (250,000 | ) | (70,400,000 | ) | (107,400,000 | ) | ||||||||||||||
Shares outstanding, end of period | 800,000 | 350,004 | 25,600,000 | 19,700,000 | 118,500,000 | 166,900,000 |
* | Commencement of operations. |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 141 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
WisdomTree Japan Hedged Financials Fund | WisdomTree Japan Hedged Quality Dividend Growth Fund | WisdomTree Japan Hedged SmallCap Equity Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year��Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 644,046 | $ | 534,877 | $ | 240,100 | $ | 217,391 | $ | 2,562,966 | $ | 1,748,987 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | (1,090,522 | ) | (2,351,313 | ) | (507,185 | ) | (279,412 | ) | 272,594 | 318,061 | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (264,270 | ) | 1,705,284 | 2,179,802 | 1,304,555 | 21,970,927 | 12,055,530 | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (710,746 | ) | (111,152 | ) | 1,912,717 | 1,242,534 | 24,806,487 | 14,122,578 | ||||||||||||||||
DIVIDENDS: | ||||||||||||||||||||||||
Net investment income | (658,576 | ) | (270,439 | ) | (316,270 | ) | (251,560 | ) | (2,644,796 | ) | (1,523,152 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 60,402,243 | 67,183,520 | — | 2,457,814 | 108,408,785 | 45,432,986 | ||||||||||||||||||
Cost of shares redeemed | (53,474,244 | ) | (44,389,804 | ) | — | (6,779,603 | ) | (38,697,447 | ) | (33,055,673 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 6,927,999 | 22,793,716 | — | (4,321,789 | ) | 69,711,338 | 12,377,313 | |||||||||||||||||
Net Increase (Decrease) in Net Assets | 5,558,677 | 22,412,125 | 1,596,447 | (3,330,815 | ) | 91,873,029 | 24,976,739 | |||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of year | $ | 35,258,368 | $ | 12,846,243 | $ | 12,325,986 | $ | 15,656,801 | $ | 115,560,547 | $ | 90,583,808 | ||||||||||||
End of year | $ | 40,817,045 | $ | 35,258,368 | $ | 13,922,433 | $ | 12,325,986 | $ | 207,433,576 | $ | 115,560,547 | ||||||||||||
Undistributed net investment income included in net assets at end of year | $ | 602,316 | $ | 525,517 | $ | 115,756 | $ | 144,722 | $ | 2,698,485 | $ | 1,795,813 | ||||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of year | 1,500,000 | 650,000 | 500,000 | 700,000 | 3,100,000 | 2,900,000 | ||||||||||||||||||
Shares created | 2,350,000 | 2,750,000 | — | 100,000 | 2,500,000 | 1,300,000 | ||||||||||||||||||
Shares redeemed | (2,150,000 | ) | (1,900,000 | ) | — | (300,000 | ) | (900,000 | ) | (1,100,000 | ) | |||||||||||||
Shares outstanding, end of year | 1,700,000 | 1,500,000 | 500,000 | 500,000 | 4,700,000 | 3,100,000 |
See Notes to Financial Statements.
142 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
WisdomTree Japan SmallCap Dividend Fund | ||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||
INCREASE IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||
Net investment income | $ | 12,946,612 | $ | 7,944,600 | ||||
Net realized gain on investments, futures contracts, foreign currency contracts and foreign currency related transactions | 15,099,962 | 46,785,001 | ||||||
Net increase in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies | 95,939,141 | 30,712,413 | ||||||
Net increase in net assets resulting from operations | 123,985,715 | 85,442,014 | ||||||
DIVIDENDS: | ||||||||
Net investment income | (11,126,041 | ) | (7,628,997 | ) | ||||
CAPITAL SHARE TRANSACTIONS: | ||||||||
Net proceeds from sale of shares | 586,894,213 | 168,620,716 | ||||||
Cost of shares redeemed | (74,466,035 | ) | (194,160,996 | ) | ||||
Net increase (decrease) in net assets resulting from capital share transactions | 512,428,178 | (25,540,280 | ) | |||||
Net Increase in Net Assets | 625,287,852 | 52,272,737 | ||||||
NET ASSETS: | ||||||||
Beginning of year | $ | 475,303,501 | $ | 423,030,764 | ||||
End of year | $ | 1,100,591,353 | $ | 475,303,501 | ||||
Undistributed net investment income included in net assets at end of year | $ | 7,982,378 | $ | 4,598,218 | ||||
SHARES CREATED AND REDEEMED: | ||||||||
Shares outstanding, beginning of year | 7,150,000 | 7,650,000 | ||||||
Shares created | 7,500,000 | 2,700,000 | ||||||
Shares redeemed | (1,050,000 | ) | (3,200,000 | ) | ||||
Shares outstanding, end of year | 13,600,000 | 7,150,000 |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 143 |
Table of Contents
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Australia Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 55.81 | $ | 48.31 | $ | 54.04 | $ | 61.26 | $ | 64.33 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 2.38 | 1.93 | 1.71 | 2.37 | 2.32 | |||||||||||||||
Net realized and unrealized gain (loss) | (0.52 | ) | 7.68 | (5.70 | ) | (7.40 | ) | (2.81 | ) | |||||||||||
Total from investment operations | 1.86 | 9.61 | (3.99 | ) | (5.03 | ) | (0.49 | ) | ||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (2.36 | ) | (2.11 | ) | (1.74 | ) | (2.19 | ) | (2.58 | ) | ||||||||||
Net asset value, end of period | $ | 55.31 | $ | 55.81 | $ | 48.31 | $ | 54.04 | $ | 61.26 | ||||||||||
TOTAL RETURN2 | 3.29 | % | 20.24 | % | (7.17 | )% | (8.30 | )% | (0.59 | )% | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 33,185 | $ | 36,274 | $ | 33,817 | $ | 48,638 | $ | 55,138 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | % | 0.59 | %3 | 0.58 | %4 | ||||||||||
Net investment income | 4.15 | % | 3.73 | % | 3.58 | % | 4.09 | % | 3.86 | %4 | ||||||||||
Portfolio turnover rate5 | 28 | % | 30 | % | 41 | % | 26 | % | 27 | % |
WisdomTree Europe Hedged Equity Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 62.80 | $ | 52.04 | $ | 66.16 | $ | 56.40 | $ | 49.86 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.23 | 1.70 | 1.29 | 1.14 | 1.31 | |||||||||||||||
Net realized and unrealized gain (loss) | 0.08 | 10.59 | (10.26 | ) | 11.83 | 6.35 | ||||||||||||||
Total from investment operations | 1.31 | 12.29 | (8.97 | ) | 12.97 | 7.66 | ||||||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||||||
Net investment income | (1.44 | ) | (1.53 | ) | (1.35 | ) | (1.19 | ) | (1.12 | ) | ||||||||||
Capital gains | — | — | (3.80 | ) | (2.02 | ) | — | |||||||||||||
Total dividends and distributions to shareholders | (1.44 | ) | (1.53 | ) | (5.15 | ) | (3.21 | ) | (1.12 | ) | ||||||||||
Net asset value, end of period | $ | 62.67 | $ | 62.80 | $ | 52.04 | $ | 66.16 | $ | 56.40 | ||||||||||
TOTAL RETURN2 | 2.03 | % | 24.20 | % | (13.85 | )% | 24.02 | % | 15.73 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 6,332,946 | $ | 9,300,174 | $ | 13,716,953 | $ | 17,544,485 | $ | 1,060,319 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | % | 0.59 | %3 | 0.58 | %4 | ||||||||||
Net investment income | 1.91 | % | 3.13 | % | 2.19 | % | 1.91 | % | 2.43 | %4 | ||||||||||
Portfolio turnover rate5 | 20 | % | 24 | % | 29 | % | 12 | % | 28 | % |
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 Europe Hedged Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
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.
144 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Europe Hedged SmallCap Equity Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Period March 4, 2015* through March 31, 2015 | ||||||||||||
Net asset value, beginning of period | $ | 28.29 | $ | 23.90 | $ | 25.94 | $ | 24.87 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 0.74 | 0.81 | 0.61 | 0.13 | ||||||||||||
Net realized and unrealized gain (loss) | 2.05 | 4.25 | (1.57 | ) | 0.94 | |||||||||||
Total from investment operations | 2.79 | 5.06 | (0.96 | ) | 1.07 | |||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||
Net investment income | (0.45 | ) | (0.67 | ) | (1.02 | ) | — | |||||||||
Capital gains | — | — | (0.06 | ) | — | |||||||||||
Return of capital | (0.01 | ) | — | — | — | |||||||||||
Total dividends and distributions to shareholders | (0.46 | ) | (0.67 | ) | (1.08 | ) | — | |||||||||
Net asset value, end of period | $ | 30.62 | $ | 28.29 | $ | 23.90 | $ | 25.94 | ||||||||
TOTAL RETURN2 | 9.88 | % | 21.62 | % | (3.79 | )% | 4.30 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 154,624 | $ | 155,594 | $ | 267,708 | $ | 125,829 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %3 | ||||||||
Net investment income | 2.43 | % | 3.27 | % | 2.47 | % | 6.87 | %3 | ||||||||
Portfolio turnover rate4 | 37 | % | 41 | % | 39 | % | 1 | % |
WisdomTree Europe Quality Dividend Growth Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Period May 7, 2014* through March 31, 2015 | ||||||||||||
Net asset value, beginning of period | $ | 23.17 | $ | 22.32 | $ | 23.18 | $ | 25.10 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 0.53 | 0.48 | 0.48 | 0.37 | ||||||||||||
Net realized and unrealized gain (loss) | 2.94 | 0.88 | (0.89 | ) | (1.96 | ) | ||||||||||
Total from investment operations | 3.47 | 1.36 | (0.41 | ) | (1.59 | ) | ||||||||||
Dividends to shareholders: | ||||||||||||||||
Net investment income | (0.40 | ) | (0.51 | ) | (0.45 | ) | (0.33 | ) | ||||||||
Net asset value, end of period | $ | 26.24 | $ | 23.17 | $ | 22.32 | $ | 23.18 | ||||||||
TOTAL RETURN2 | 15.03 | % | 6.24 | % | (1.83 | )% | (6.35 | )% | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 72,163 | $ | 17,377 | $ | 17,854 | $ | 11,591 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | %5 | 0.58 | %3 | ||||||||
Net investment income | 2.02 | % | 2.19 | % | 2.13 | % | 1.75 | %3 | ||||||||
Portfolio turnover rate4 | 18 | % | 35 | % | 54 | % | 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. |
5 | Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged. |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 145 |
Table of Contents
Financial Highlights (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Europe SmallCap Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 59.16 | $ | 57.01 | $ | 55.63 | $ | 62.23 | $ | 41.98 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.88 | 2.04 | 1.45 | 1.94 | 0.73 | |||||||||||||||
Net realized and unrealized gain (loss) | 10.39 | 2.32 | 1.49 | (7.03 | ) | 20.90 | ||||||||||||||
Total from investment operations | 12.27 | 4.36 | 2.94 | (5.09 | ) | 21.63 | ||||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.88 | ) | (2.21 | ) | (1.56 | ) | (1.51 | ) | (1.38 | ) | ||||||||||
Net asset value, end of period | $ | 69.55 | $ | 59.16 | $ | 57.01 | $ | 55.63 | $ | 62.23 | ||||||||||
TOTAL RETURN2 | 20.94 | % | 7.97 | % | 5.25 | % | (8.26 | )% | 53.06 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 1,224,082 | $ | 774,999 | $ | 1,125,935 | $ | 853,874 | $ | 1,446,871 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses, net of expense waivers | 0.58 | % | 0.58 | % | 0.58 | %4 | 0.59 | %5 | 0.58 | %6 | ||||||||||
Expenses, prior to expense waivers | 0.58 | % | 0.58 | % | 0.59 | %4 | 0.59 | %5 | 0.58 | %6 | ||||||||||
Net investment income | 2.76 | % | 3.68 | % | 2.59 | % | 3.40 | % | 1.29 | %6 | ||||||||||
Portfolio turnover rate7 | 33 | % | 45 | % | 50 | % | 42 | % | 24 | % |
WisdomTree Germany Hedged Equity Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period October 17, 2013* through March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 30.40 | $ | 25.54 | $ | 31.38 | $ | 26.98 | $ | 25.01 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income (loss)1 | 0.87 | 0.84 | 0.60 | 0.16 | (0.00 | )8 | ||||||||||||||
Net realized and unrealized gain (loss) | 0.54 | 4.99 | (5.05 | ) | 5.90 | 1.97 | ||||||||||||||
Total from investment operations | 1.41 | 5.83 | (4.45 | ) | 6.06 | 1.97 | ||||||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||||||
Net investment income | (0.64 | ) | (0.97 | ) | (0.73 | ) | (0.41 | ) | — | |||||||||||
Capital gains | — | — | (0.66 | ) | (1.25 | ) | — | |||||||||||||
Return of capital | (0.22 | ) | — | — | — | — | ||||||||||||||
Total dividends and distributions to shareholders | (0.86 | ) | (0.97 | ) | (1.39 | ) | (1.66 | ) | — | |||||||||||
Net asset value, end of period | $ | 30.95 | $ | 30.40 | $ | 25.54 | $ | 31.38 | $ | 26.98 | ||||||||||
TOTAL RETURN2 | 4.63 | % | 23.62 | % | (14.44 | )% | 23.70 | % | 7.88 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 91,302 | $ | 124,648 | $ | 200,501 | $ | 291,816 | $ | 9,443 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses | 0.48 | % | 0.48 | % | 0.48 | % | 0.49 | %9 | 0.48 | %6 | ||||||||||
Net investment income (loss) | 2.78 | % | 3.14 | % | 2.18 | % | 0.55 | % | (0.00 | )%6,10 | ||||||||||
Portfolio turnover rate7 | 20 | % | 28 | % | 38 | % | 11 | % | 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 Europe 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 | Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio (net of expense waivers) would have been 0.58% and the expense ratio (prior to expense waivers) would have been 0.58%. |
5 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
6 | Annualized. |
7 | 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. |
8 | Amount represents less than $0.005. |
9 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%. |
10 | Amount represents less than 0.005%. |
See Notes to Financial Statements.
146 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree International Dividend ex-Financials Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 39.72 | $ | 38.41 | $ | 43.79 | $ | 49.23 | $ | 42.13 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.58 | 1.48 | 1.64 | 2.00 | 2.06 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.45 | 1.34 | (5.41 | ) | (5.53 | ) | 7.11 | |||||||||||||
Total from investment operations | 5.03 | 2.82 | (3.77 | ) | (3.53 | ) | 9.17 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.57 | ) | (1.51 | ) | (1.61 | ) | (1.91 | ) | (2.07 | ) | ||||||||||
Net asset value, end of period | $ | 43.18 | $ | 39.72 | $ | 38.41 | $ | 43.79 | $ | 49.23 | ||||||||||
TOTAL RETURN2 | 12.84 | % | 7.56 | % | (8.83 | )% | (7.41 | )% | 22.58 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 198,646 | $ | 200,568 | $ | 230,483 | $ | 324,083 | $ | 349,545 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses4 | 0.58 | % | 0.58 | % | 0.58 | %5 | 0.59 | %6 | 0.58 | %7 | ||||||||||
Net investment income | 3.73 | % | 3.86 | % | 3.99 | % | 4.23 | % | 4.54 | %7 | ||||||||||
Portfolio turnover rate8 | 35 | % | 30 | % | 40 | % | 44 | % | 36 | % |
WisdomTree International Equity Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 49.57 | $ | 45.90 | $ | 51.67 | $ | 54.47 | $ | 47.77 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.70 | 1.59 | 1.68 | 1.92 | 2.27 | |||||||||||||||
Net realized and unrealized gain (loss) | 4.98 | 3.68 | (5.79 | ) | (2.86 | ) | 6.72 | |||||||||||||
Total from investment operations | 6.68 | 5.27 | (4.11 | ) | (0.94 | ) | 8.99 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.62 | ) | (1.60 | ) | (1.66 | ) | (1.86 | ) | (2.29 | ) | ||||||||||
Net asset value, end of period | $ | 54.63 | $ | 49.57 | $ | 45.90 | $ | 51.67 | $ | 54.47 | ||||||||||
TOTAL RETURN2 | 13.61 | % | 11.75 | % | (8.15 | )% | (1.83 | )% | 19.43 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 914,993 | $ | 703,948 | $ | 621,932 | $ | 645,832 | $ | 569,188 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses4 | 0.48 | % | 0.48 | % | 0.48 | %5 | 0.49 | %9 | 0.48 | %7 | ||||||||||
Net investment income | 3.15 | % | 3.41 | % | 3.47 | % | 3.63 | % | 4.41 | %7 | ||||||||||
Portfolio turnover rate8 | 19 | % | 14 | % | 13 | % | 19 | % | 21 | % |
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 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
5 | Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged. |
6 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
7 | Annualized. |
8 | 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. |
9 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%. |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 147 |
Table of Contents
Financial Highlights (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree International Hedged Quality Dividend Growth Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Period May 7, 2014* through March 31, 2015 | ||||||||||||
Net asset value, beginning of period | $ | 28.39 | $ | 25.73 | $ | 26.99 | $ | 24.90 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 0.58 | 0.56 | 0.71 | 0.90 | ||||||||||||
Net realized and unrealized gain (loss) | 1.99 | 2.80 | (1.17 | ) | 2.18 | |||||||||||
Total from investment operations | 2.57 | 3.36 | (0.46 | ) | 3.08 | |||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||
Net investment income | (0.18 | ) | (0.70 | ) | (0.55 | ) | (0.23 | ) | ||||||||
Capital gains | — | — | (0.25 | ) | (0.76 | ) | ||||||||||
Total dividends and distributions to shareholders | (0.18 | ) | (0.70 | ) | (0.80 | ) | (0.99 | ) | ||||||||
Net asset value, end of period | $ | 30.78 | $ | 28.39 | $ | 25.73 | $ | 26.99 | ||||||||
TOTAL RETURN2 | 9.05 | % | 13.26 | % | (1.73 | )% | 12.78 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 543,192 | $ | 479,727 | $ | 732,050 | $ | 206,452 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | %3 | 0.58 | %4 | ||||||||
Net investment income | 1.89 | % | 2.14 | % | 2.75 | % | 3.89 | %4 | ||||||||
Portfolio turnover rate5 | 42 | % | 53 | % | 48 | % | 14 | % |
WisdomTree International High Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 40.39 | $ | 37.59 | $ | 43.28 | $ | 47.62 | $ | 41.39 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.66 | 1.63 | 1.65 | 1.94 | 2.57 | |||||||||||||||
Net realized and unrealized gain (loss) | 2.79 | 2.79 | (5.70 | ) | (4.41 | ) | 6.14 | |||||||||||||
Total from investment operations | 4.45 | 4.42 | (4.05 | ) | (2.47 | ) | 8.71 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.59 | ) | (1.62 | ) | (1.64 | ) | (1.87 | ) | (2.48 | ) | ||||||||||
Net asset value, end of period | $ | 43.25 | $ | 40.39 | $ | 37.59 | $ | 43.28 | $ | 47.62 | ||||||||||
TOTAL RETURN2 | 11.12 | % | 12.09 | % | (9.60 | )% | (5.41 | )% | 21.82 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 335,180 | $ | 250,392 | $ | 257,467 | $ | 337,620 | $ | 304,753 | ||||||||||
Ratios to average net assets6 of: | ||||||||||||||||||||
Expenses7 | 0.58 | % | 0.58 | % | 0.58 | %3 | 0.59 | %8 | 0.58 | %4 | ||||||||||
Net investment income | 3.83 | % | 4.28 | % | 4.09 | % | 4.24 | % | 5.71 | %4 | ||||||||||
Portfolio turnover rate5 | 26 | % | 29 | % | 21 | % | 20 | % | 26 | % |
* | 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 International High Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged. |
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 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
7 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
8 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
See Notes to Financial Statements.
148 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree International LargeCap Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 45.45 | $ | 42.14 | $ | 48.67 | $ | 51.68 | $ | 45.77 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.62 | 1.54 | 1.59 | 1.88 | 2.35 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.97 | 3.32 | (6.58 | ) | (3.09 | ) | 5.79 | |||||||||||||
Total from investment operations | 5.59 | 4.86 | (4.99 | ) | (1.21 | ) | 8.14 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.56 | ) | (1.55 | ) | (1.54 | ) | (1.80 | ) | (2.23 | ) | ||||||||||
Net asset value, end of period | $ | 49.48 | $ | 45.45 | $ | 42.14 | $ | 48.67 | $ | 51.68 | ||||||||||
TOTAL RETURN2 | 12.41 | % | 11.79 | % | (10.49 | )% | (2.47 | )% | 18.35 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 442,860 | $ | 359,074 | $ | 366,613 | $ | 355,273 | $ | 315,276 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses4 | 0.48 | % | 0.48 | % | 0.48 | %5 | 0.49 | %6 | 0.48 | %7 | ||||||||||
Net investment income | 3.30 | % | 3.59 | % | 3.51 | % | 3.72 | % | 4.77 | %7 | ||||||||||
Portfolio turnover rate8 | 16 | % | 15 | % | 19 | % | 12 | % | 15 | % |
WisdomTree International MidCap Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 59.88 | $ | 55.82 | $ | 58.65 | $ | 60.03 | $ | 51.77 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.84 | 1.60 | 1.64 | 1.81 | 1.83 | |||||||||||||||
Net realized and unrealized gain (loss) | 8.17 | 4.03 | (2.85 | ) | (1.45 | ) | 8.31 | |||||||||||||
Total from investment operations | 10.01 | 5.63 | (1.21 | ) | 0.36 | 10.14 | ||||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.77 | ) | (1.57 | ) | (1.62 | ) | (1.74 | ) | (1.88 | ) | ||||||||||
Net asset value, end of period | $ | 68.12 | $ | 59.88 | $ | 55.82 | $ | 58.65 | $ | 60.03 | ||||||||||
TOTAL RETURN2 | 16.87 | % | 10.34 | % | (2.12 | )% | 0.57 | % | 20.22 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 286,089 | $ | 179,626 | $ | 153,512 | $ | 155,414 | $ | 141,082 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses4 | 0.58 | % | 0.58 | % | 0.58 | %5 | 0.59 | %9 | 0.58 | %7 | ||||||||||
Net investment income | 2.76 | % | 2.87 | % | 2.91 | % | 3.09 | % | 3.27 | %7 | ||||||||||
Portfolio turnover rate8 | 23 | % | 31 | % | 24 | % | 29 | % | 22 | % |
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 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
5 | Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged. |
6 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%. |
7 | Annualized. |
8 | 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. |
9 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 149 |
Table of Contents
Financial Highlights (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree International Quality Dividend Growth Fund | For the Period Ended March 31, 2018 | For the Period April 7, 2016* through March 31, 2017 | ||||||
Net asset value, beginning of period | $ | 26.14 | $ | 24.86 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.65 | 0.73 | ||||||
Net realized and unrealized gain | 4.12 | 1.02 | ||||||
Total from investment operations | 4.77 | 1.75 | ||||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.41 | ) | (0.47 | ) | ||||
Net asset value, end of period | $ | 30.50 | $ | 26.14 | ||||
TOTAL RETURN2 | 18.33 | % | 7.12 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 24,396 | $ | 9,149 | ||||
Ratios to average net assets of: |
| |||||||
Expenses, net of expense waivers | 0.38 | % | 0.38 | %3 | ||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | %3 | ||||
Net investment income | 2.18 | % | 2.97 | %3 | ||||
Portfolio turnover rate4 | 39 | % | 38 | % |
WisdomTree International SmallCap Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 65.18 | $ | 58.98 | $ | 59.21 | $ | 64.84 | $ | 55.38 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.07 | 1.97 | 1.64 | 1.91 | 1.91 | |||||||||||||||
Net realized and unrealized gain (loss) | 10.76 | 6.22 | (0.31 | ) | (5.67 | ) | 9.97 | |||||||||||||
Total from investment operations | 12.83 | 8.19 | 1.33 | (3.76 | ) | 11.88 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (2.21 | ) | (1.99 | ) | (1.56 | ) | (1.87 | ) | (2.42 | ) | ||||||||||
Net asset value, end of period | $ | 75.80 | $ | 65.18 | $ | 58.98 | $ | 59.21 | $ | 64.84 | ||||||||||
TOTAL RETURN2 | 19.91 | % | 14.24 | % | 2.26 | % | (5.87 | )% | 22.26 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 1,940,467 | $ | 1,284,036 | $ | 1,099,977 | $ | 917,778 | $ | 923,997 | ||||||||||
Ratios to average net assets5 of: |
| |||||||||||||||||||
Expenses6 | 0.58 | % | 0.58 | % | 0.58 | %7 | 0.59 | %8 | 0.58 | %3 | ||||||||||
Net investment income | 2.83 | % | 3.27 | % | 2.82 | % | 3.16 | % | 3.20 | %3 | ||||||||||
Portfolio turnover rate4 | 28 | % | 38 | % | 48 | % | 25 | % | 42 | % |
* | 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. |
5 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
6 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
7 | Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged. |
8 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
See Notes to Financial Statements.
150 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Japan Hedged Equity Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 50.40 | $ | 43.85 | $ | 55.03 | $ | 47.50 | $ | 42.95 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.92 | 0.86 | 0.80 | 0.91 | 0.88 | |||||||||||||||
Net realized and unrealized gain (loss) | 5.81 | 6.67 | (9.00 | ) | 12.34 | 4.91 | ||||||||||||||
Total from investment operations | 6.73 | 7.53 | (8.20 | ) | 13.25 | 5.79 | ||||||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||||||
Net investment income | (1.37 | ) | (0.98 | ) | (0.76 | ) | (0.94 | ) | (0.62 | ) | ||||||||||
Capital gains | — | — | (2.22 | ) | (4.78 | ) | (0.62 | ) | ||||||||||||
Total dividends and distributions to shareholders | (1.37 | ) | (0.98 | ) | (2.98 | ) | (5.72 | ) | (1.24 | ) | ||||||||||
Net asset value, end of period | $ | 55.76 | $ | 50.40 | $ | 43.85 | $ | 55.03 | $ | 47.50 | ||||||||||
TOTAL RETURN2 | 13.45 | % | 17.45 | % | (15.64 | )% | 29.30 | % | 13.48 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 6,607,000 | $ | 8,411,670 | $ | 9,737,132 | $ | 15,806,850 | $ | 11,441,824 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses | 0.48 | % | 0.48 | % | 0.48 | % | 0.49 | %3 | 0.48 | %4 | ||||||||||
Net investment income | 1.67 | % | 1.91 | % | 1.52 | % | 1.81 | % | 1.84 | %4 | ||||||||||
Portfolio turnover rate5 | 18 | % | 37 | % | 27 | % | 31 | % | 24 | % |
WisdomTree Japan Hedged Financials Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Period April 8, 2014* through March 31, 2015 | ||||||||||||
Net asset value, beginning of period | $ | 23.51 | $ | 19.76 | $ | 26.29 | $ | 23.83 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 0.51 | 0.49 | 0.39 | 0.45 | ||||||||||||
Net realized and unrealized gain (loss) | 0.54 | 3.57 | (6.72 | ) | 5.44 | |||||||||||
Total from investment operations | 1.05 | 4.06 | (6.33 | ) | 5.89 | |||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||
Net investment income | (0.55 | ) | (0.31 | ) | (0.15 | ) | (0.22 | ) | ||||||||
Capital gains | — | — | (0.05 | ) | (3.21 | ) | ||||||||||
Total dividends and distributions to shareholders | (0.55 | ) | (0.31 | ) | (0.20 | ) | (3.43 | ) | ||||||||
Net asset value, end of period | $ | 24.01 | $ | 23.51 | $ | 19.76 | $ | 26.29 | ||||||||
TOTAL RETURN2 | 4.44 | % | 20.99 | % | (24.30 | )% | 25.94 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 40,817 | $ | 35,258 | $ | 12,846 | $ | 7,887 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses, net of expense waivers | 0.48 | % | 0.48 | % | 0.47 | %6 | 0.43 | %4 | ||||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %4 | ||||||||
Net investment income | 2.10 | % | 2.16 | % | 1.46 | % | 1.80 | %4 | ||||||||
Portfolio turnover rate5 | 30 | % | 20 | % | 21 | % | 29 | % |
* | 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 Japan Hedged Financials Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%. |
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 | During the period, the investment advisor had contractually agreed to limit the advisory fee to 0.43% through July 31, 2015. On July 31, 2015, the contractual waiver expired and was not renewed. |
See Notes to Financial Statements.
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 151 |
Table of Contents
Financial Highlights (continued)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Japan Hedged Quality Dividend Growth Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Period April 9, 2015* through March 31, 2016 | |||||||||
Net asset value, beginning of period | $ | 24.65 | $ | 22.37 | $ | 25.59 | ||||||
Investment operations: |
| |||||||||||
Net investment income1 | 0.48 | 0.41 | 0.45 | |||||||||
Net realized and unrealized gain (loss) | 3.34 | 2.37 | (3.43 | ) | ||||||||
Total from investment operations | 3.82 | 2.78 | (2.98 | ) | ||||||||
Dividends to shareholders: |
| |||||||||||
Net investment income | (0.63 | ) | (0.50 | ) | (0.24 | ) | ||||||
Net asset value, end of period | $ | 27.84 | $ | 24.65 | $ | 22.37 | ||||||
TOTAL RETURN2 | 15.56 | % | 12.60 | % | (11.73 | )% | ||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||
Net assets, end of period (000’s omitted) | $ | 13,922 | $ | 12,326 | $ | 15,657 | ||||||
Ratios to average net assets of: |
| |||||||||||
Expenses, net of expense waivers | 0.43 | % | 0.43 | % | 0.43 | %3 | ||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||
Net investment income | 1.77 | % | 1.77 | % | 1.88 | %3 | ||||||
Portfolio turnover rate4 | 30 | % | 37 | % | 40 | % |
WisdomTree Japan Hedged SmallCap Equity Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period June 28, 2013* through March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 37.28 | $ | 31.24 | $ | 33.65 | $ | 29.08 | $ | 26.17 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.64 | 0.70 | 0.41 | 0.47 | 0.59 | |||||||||||||||
Net realized and unrealized gain (loss) | 6.91 | 5.94 | (1.59 | ) | 6.74 | 2.38 | ||||||||||||||
Total from investment operations | 7.55 | 6.64 | (1.18 | ) | 7.21 | 2.97 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.70 | ) | (0.60 | ) | (0.35 | ) | (0.41 | ) | (0.06 | ) | ||||||||||
Capital gains | — | — | (0.88 | ) | (2.23 | ) | — | |||||||||||||
Total dividends and distributions to shareholders | (0.70 | ) | (0.60 | ) | (1.23 | ) | (2.64 | ) | (0.06 | ) | ||||||||||
Net asset value, end of period | $ | 44.13 | $ | 37.28 | $ | 31.24 | $ | 33.65 | $ | 29.08 | ||||||||||
TOTAL RETURN2 | 20.42 | % | 21.64 | % | (3.83 | )%5 | 25.86 | % | 11.37 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 207,434 | $ | 115,561 | $ | 90,584 | $ | 117,762 | $ | 75,614 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | % | 0.59 | %6 | 0.58 | %3 | ||||||||||
Net investment income | 1.51 | % | 2.11 | % | 1.20 | % | 1.52 | % | 2.75 | %3 | ||||||||||
Portfolio turnover rate4 | 30 | % | 48 | % | 45 | % | 41 | % | 19 | % |
* | 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 Japan Hedged Quality Dividend Growth 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. |
5 | Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.95% lower. |
6 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
See Notes to Financial Statements.
152 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Financial Highlights (concluded)
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Japan SmallCap Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 66.48 | $ | 55.30 | $ | 54.09 | $ | 50.28 | $ | 48.84 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.47 | 1.11 | 0.91 | 0.71 | 0.72 | |||||||||||||||
Net realized and unrealized gain | 14.27 | 11.16 | 1.00 | 3.89 | 1.84 | |||||||||||||||
Total from investment operations | 15.74 | 12.27 | 1.91 | 4.60 | 2.56 | |||||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.29 | ) | (1.09 | ) | (0.70 | ) | (0.79 | ) | (1.12 | ) | ||||||||||
Net asset value, end of period | $ | 80.93 | $ | 66.48 | $ | 55.30 | $ | 54.09 | $ | 50.28 | ||||||||||
TOTAL RETURN2 | 23.84 | % | 22.43 | % | 3.51 | % | 9.26 | % | 5.41 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 1,100,591 | $ | 475,304 | $ | 423,031 | $ | 286,651 | $ | 284,106 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses4 | 0.58 | % | 0.58 | % | 0.58 | % | 0.59 | %5 | 0.58 | %6 | ||||||||||
Net investment income | 1.94 | % | 1.84 | % | 1.65 | % | 1.40 | % | 1.44 | %6 | ||||||||||
Portfolio turnover rate7 | 18 | % | 33 | % | 29 | % | 36 | % | 21 | % |
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 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
5 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
6 | Annualized. |
7 | 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 Developed World ex-U.S. and Currency Hedged Equity Funds | 153 |
Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2018, the Trust consisted of 80 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 Australia Dividend Fund (“Australia Dividend Fund’’) | June 16, 2006 | |||
WisdomTree Europe Hedged Equity Fund (“Europe Hedged Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | December 31, 2009 | |||
WisdomTree Europe Hedged SmallCap Equity Fund (“Europe Hedged SmallCap Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | March 4, 2015 | |||
WisdomTree Europe Quality Dividend Growth Fund (“Europe Quality Dividend Growth Fund’’) | May 7, 2014 | |||
WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree Germany Hedged Equity Fund (“Germany Hedged Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | October 17, 2013 | |||
WisdomTree International Dividend ex-Financials Fund (“International Dividend ex-Financials Fund’’) | June 16, 2006 | |||
WisdomTree International Equity Fund (“International Equity Fund’’) | June 16, 2006 | |||
WisdomTree International Hedged Quality Dividend Growth Fund (“International Hedged Quality Dividend Growth Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | May 7, 2014 | |||
WisdomTree International High Dividend Fund (“International High Dividend Fund’’) | June 16, 2006 | |||
WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree International Quality Dividend Growth Fund (“International Quality Dividend Growth Fund’’) | April 7, 2016 | |||
WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund’’) | June 16, 2006 | |||
WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | June 16, 2006 | |||
WisdomTree Japan Hedged Financials Fund (“Japan Hedged Financials Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | April 8, 2014 | |||
WisdomTree Japan Hedged Quality Dividend Growth Fund (“Japan Hedged Quality Dividend Growth Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | April 9, 2015 | |||
WisdomTree Japan Hedged SmallCap Equity Fund (“Japan Hedged SmallCap Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | June 28, 2013 | |||
WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund’’) | June 16, 2006 |
Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.
In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.
The following is a summary of significant accounting policies followed by the Funds:
Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
154 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Notes to Financial Statements (continued)
Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London 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.
In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.
Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
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).
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 155 |
Table of Contents
Notes to Financial Statements (continued)
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 March 31, 2018 in valuing each Fund’s assets:
Australia Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 32,908,724 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 2,296,561 | — | |||||||||
Total | $ | 32,908,724 | $ | 2,296,561 | $ | — | ||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (3 | ) | — | ||||||||
Total - Net | $ | 32,908,724 | $ | 2,296,558 | $ | — | ||||||
Europe Hedged Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 6,312,031,506 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 233,934,679 | — | |||||||||
Total | $ | 6,312,031,506 | $ | 233,934,679 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 11,024,214 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (46,751,138 | ) | — | ||||||||
Total - Net | $ | 6,312,031,506 | $ | 198,207,755 | $ | — |
156 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Notes to Financial Statements (continued)
Europe Hedged SmallCap Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 153,589,697 | $ | — | $ | — | ||||||
Rights* | 117,453 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 4,215,398 | — | |||||||||
Total | $ | 153,707,150 | $ | 4,215,398 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 1,967 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (922,706 | ) | — | ||||||||
Total - Net | $ | 153,707,150 | $ | 3,294,659 | $ | — | ||||||
Europe Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 71,845,112 | $ | — | $ | — | ||||||
Rights* | 26,349 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,002,910 | — | |||||||||
Total | $ | 71,871,461 | $ | 1,002,910 | $ | — | ||||||
Europe SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,208,899,195 | $ | — | $ | — | ||||||
Rights* | 1,383,423 | — | — | |||||||||
Exchange-Traded Fund | 5,240,125 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 57,256,757 | — | |||||||||
Total | $ | 1,215,522,743 | $ | 57,256,757 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 7,917 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (191 | ) | — | ||||||||
Total - Net | $ | 1,215,522,743 | $ | 57,264,483 | $ | — | ||||||
Germany Hedged Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 90,708,956 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 6,890 | — | |||||||||
Total | $ | 90,708,956 | $ | 6,890 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 1,141 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (565,369 | ) | — | ||||||||
Total - Net | $ | 90,708,956 | $ | (557,338 | ) | $ | — | |||||
International Dividend ex-Financials Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 197,252,584 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 130,035 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 931,270 | — | |||||||||
Total | $ | 197,382,619 | $ | 931,270 | $ | — | ||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (531 | ) | — | ||||||||
Total - Net | $ | 197,382,619 | $ | 930,739 | $ | — | ||||||
International Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 909,511,849 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 174 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 35,599,611 | — | |||||||||
Total | $ | 909,512,023 | $ | 35,599,611 | $ | — |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 157 |
Table of Contents
Notes to Financial Statements (continued)
International Hedged Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 540,396,834 | $ | — | $ | — | ||||||
Rights* | 71,927 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 7,588,253 | — | |||||||||
Total | $ | 540,468,761 | $ | 7,588,253 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 2,245,664 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (2,953,817 | ) | — | ||||||||
Total - Net | $ | 540,468,761 | $ | 6,880,100 | $ | — | ||||||
International High Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 333,051,745 | $ | — | $ | — | ||||||
Rights | 13,280 | — | — | |||||||||
Exchange-Traded Fund | 267,690 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 7,777,529 | — | |||||||||
Total | $ | 333,332,715 | $ | 7,777,529 | $ | — | ||||||
International LargeCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 439,344,049 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 759,963 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 12,459,385 | — | |||||||||
Total | $ | 440,104,012 | $ | 12,459,385 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 484 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (77 | ) | — | ||||||||
Total - Net | $ | 440,104,012 | $ | 12,459,792 | $ | — | ||||||
International MidCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 284,459,763 | $ | — | $ | — | ||||||
Exchange-Traded Funds | 86,565 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 15,346,429 | — | |||||||||
Total | $ | 284,546,328 | $ | 15,346,429 | $ | — | ||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (1 | ) | — | ||||||||
Total - Net | $ | 284,546,328 | $ | 15,346,428 | $ | — | ||||||
International Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 24,247,363 | $ | — | $ | — | ||||||
Rights* | 6,125 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 597,345 | — | |||||||||
Total | $ | 24,253,488 | $ | 597,345 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 2,375 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (2,353 | ) | — | ||||||||
Total - Net | $ | 24,253,488 | $ | 597,367 | $ | — |
158 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Notes to Financial Statements (continued)
International SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Japan | $ | 511,619,427 | $ | 1,984,900 | $ | — | ||||||
Other* | 1,406,117,247 | — | — | |||||||||
Rights* | 646,947 | — | — | |||||||||
Exchange-Traded Funds | 7,119,679 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 122,756,009 | — | |||||||||
Total | $ | 1,925,503,300 | $ | 124,740,909 | $ | — | ||||||
Japan Hedged Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 6,541,492,273 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 391,503,379 | — | |||||||||
Total | $ | 6,541,492,273 | $ | 391,503,379 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 3,380,797 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (34,651,583 | ) | — | ||||||||
Total - Net | $ | 6,541,492,273 | $ | 360,232,593 | $ | — | ||||||
Japan Hedged Financials Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Banks | $ | 20,134,714 | $ | 66,150 | $ | — | ||||||
Other* | 20,041,523 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 2,035,345 | — | |||||||||
Total | $ | 40,176,237 | $ | 2,101,495 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 13,016 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (47,904 | ) | — | ||||||||
Total - Net | $ | 40,176,237 | $ | 2,066,607 | $ | — | ||||||
Japan Hedged Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 13,781,919 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 83,972 | — | |||||||||
Total | $ | 13,781,919 | $ | 83,972 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 4,387 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (16,099 | ) | — | ||||||||
Total - Net | $ | 13,781,919 | $ | 72,260 | $ | — | ||||||
Japan Hedged SmallCap Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Banks | $ | 13,397,410 | $ | 426,345 | $ | — | ||||||
Other* | 191,484,065 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 22,883,309 | — | |||||||||
Total | $ | 204,881,475 | $ | 23,309,654 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 65,271 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (239,968 | ) | — | ||||||||
Total - Net | $ | 204,881,475 | $ | 23,134,957 | $ | — |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 159 |
Table of Contents
Notes to Financial Statements (continued)
Japan SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Banks | $ | 70,945,490 | $ | 2,430,089 | $ | — | ||||||
Other* | 1,015,084,951 | — | — | |||||||||
Exchange-Traded Fund | 244,988 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 72,826,855 | — | |||||||||
Total | $ | 1,086,275,429 | $ | 75,256,944 | $ | — |
* | Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country. |
The following is a summary of transfers between fair value measurement levels that occurred during fiscal year ended March 31, 2018. The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.
Transfers from Level 1 to Level 21 | Transfers from Level 1 to Level 3 | Transfers from Level 2 to Level 1 | ||||||||||
International SmallCap Dividend Fund | $ | 566,705 | $ | — | $ | — | ||||||
Japan Hedged Financials Fund | 84,483 | — | — | |||||||||
Japan Hedged SmallCap Equity Fund | 300,913 | — | — | |||||||||
Japan SmallCap Dividend Fund | 375,068 | — | — |
1 | Transfers from Level 1 to Level 2 are as a result of the unavailability of a quoted price in an active market for identical investments as of March 31, 2018. |
During the fiscal year ended March 31, 2018, there were no significant transfers into or out of Level 3 of the fair value hierarchy.
Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the year ended March 31, 2018 and open positions in such derivatives as of March 31, 2018 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. 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 March 31, 2018 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 166 and 167. At March 31, 2018, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.
As of March 31, 2018, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:
Fund | Asset Derivatives | Liability Derivatives | ||||||||||
Balance Sheet Location | Value | Balance Sheet Location | Value | |||||||||
Australia Dividend Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | — | Unrealized depreciation on foreign currency contracts | $ | 3 | ||||||
Europe Hedged Equity Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 11,024,214 | Unrealized depreciation on foreign currency contracts | 46,751,138 | ||||||||
Europe Hedged SmallCap Equity Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 1,967 | Unrealized depreciation on foreign currency contracts | 922,706 | ||||||||
Europe SmallCap Dividend Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 7,917 | Unrealized depreciation on foreign currency contracts | 191 | ||||||||
Germany Hedged Equity Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 1,141 | Unrealized depreciation on foreign currency contracts | 565,369 |
160 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Notes to Financial Statements (continued)
Fund | Asset Derivatives | Liability Derivatives | ||||||||||
Balance Sheet Location | Value | Balance Sheet Location | Value | |||||||||
International Dividend ex-Financials Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | — | Unrealized depreciation on foreign currency contracts | $ | 531 | ||||||
International Hedged Quality Dividend Growth Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 2,245,664 | Unrealized depreciation on foreign currency contracts | 2,953,817 | ||||||||
International LargeCap Dividend Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 484 | Unrealized depreciation on foreign currency contracts | 77 | ||||||||
International MidCap Dividend Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 1 | ||||||||
International Quality Dividend Growth Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 2,375 | Unrealized depreciation on foreign currency contracts | 2,353 | ||||||||
Japan Hedged Equity Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 3,380,797 | Unrealized depreciation on foreign currency contracts | 34,651,583 | ||||||||
Japan Hedged Financials Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 13,016 | Unrealized depreciation on foreign currency contracts | 47,904 | ||||||||
Japan Hedged Quality Dividend Growth Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 4,387 | Unrealized depreciation on foreign currency contracts | 16,099 | ||||||||
Japan Hedged SmallCap Equity Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 65,271 | Unrealized depreciation on foreign currency contracts | 239,968 |
For the fiscal year ended March 31, 2018, 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 | ||||||
Australia Dividend Fund |
| |||||||
Foreign exchange contracts | $ | 1,367 | $ | (23 | ) | |||
Europe Hedged Equity Fund |
| |||||||
Foreign exchange contracts | (1,113,264,428 | ) | 22,313,080 | |||||
Equity contracts | 888,112 | — | ||||||
Europe Hedged SmallCap Equity Fund |
| |||||||
Foreign exchange contracts | (18,896,470 | ) | (24,062 | ) | ||||
Europe Quality Dividend Growth Fund |
| |||||||
Foreign exchange contracts | 418 | — | ||||||
Europe SmallCap Dividend Fund |
| |||||||
Foreign exchange contracts | (371,408 | ) | 8,359 | |||||
Germany Hedged Equity Fund |
| |||||||
Foreign exchange contracts | (14,653,220 | ) | 39,785 | |||||
International Dividend ex-Financials Fund |
| |||||||
Foreign exchange contracts | 40,175 | (531 | ) | |||||
International Equity Fund |
| |||||||
Foreign exchange contracts | 116,535 | (7,388 | ) | |||||
International Hedged Quality Dividend Growth Fund |
| |||||||
Foreign exchange contracts | (39,820,464 | ) | 392,983 | |||||
Equity contracts | 142,741 | — | ||||||
International High Dividend Fund | ||||||||
Foreign exchange contracts | 91,390 | 71 |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 161 |
Table of Contents
Notes to Financial Statements (continued)
Fund | Amount of Realized Gain or (Loss) on Derivatives Recognized1 | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized2 | ||||||
International LargeCap Dividend Fund | ||||||||
Foreign exchange contracts | $ | 71,463 | $ | 481 | ||||
International MidCap Dividend Fund | ||||||||
Foreign exchange contracts | (10,758 | ) | 57 | |||||
International Quality Dividend Growth Fund | ||||||||
Foreign exchange contracts | (2,484 | ) | 23 | |||||
International SmallCap Dividend Fund | ||||||||
Foreign exchange contracts | 89,634 | (1,454 | ) | |||||
Japan Hedged Equity Fund | ||||||||
Foreign exchange contracts | (317,001,825 | ) | 1,236,783 | |||||
Japan Hedged Financials Fund | ||||||||
Foreign exchange contracts | (1,967,308 | ) | 124,354 | |||||
Japan Hedged Quality Dividend Growth Fund | ||||||||
Foreign exchange contracts | (508,893 | ) | 21,388 | |||||
Japan Hedged SmallCap Equity Fund | ||||||||
Foreign exchange contracts | (9,682,820 | ) | 86,178 | |||||
Japan SmallCap Dividend Fund |
| |||||||
Foreign exchange contracts | (160,601 | ) | (460 | ) | ||||
Equity contracts | 136,825 | — |
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 |
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 |
During the fiscal year ended March 31, 2018, 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 USD) | Foreign currency contracts (to receive USD) | Futures contracts | |||||||||
Australia Dividend Fund |
| |||||||||||
Foreign exchange contracts | $ | — | $ | 7,596 | $ | — | ||||||
Europe Hedged Equity Fund |
| |||||||||||
Equity contracts | — | — | 10,818,314 | 1 | ||||||||
Foreign exchange contracts | 8,737,792,141 | 17,235,164,247 | — | |||||||||
Europe Hedged SmallCap Equity Fund |
| |||||||||||
Foreign exchange contracts | 159,294,821 | 315,747,032 | — | |||||||||
Europe Quality Dividend Growth Fund |
| |||||||||||
Foreign exchange contracts | — | 8,400 | — | |||||||||
Europe SmallCap Dividend Fund |
| |||||||||||
Foreign exchange contracts | 418,059 | 552,842 | — | |||||||||
Germany Hedged Equity Fund |
| |||||||||||
Foreign exchange contracts | 115,997,663 | 228,544,512 | — | |||||||||
International Dividend ex-Financials Fund |
| |||||||||||
Foreign exchange contracts | 5,961 | 77,261 | — | |||||||||
International Equity Fund |
| |||||||||||
Foreign exchange contracts | 305,231 | 145,669 | — | |||||||||
International Hedged Quality Dividend Growth Fund |
| |||||||||||
Equity contracts | — | — | 1,543,339 | 1 | ||||||||
Foreign exchange contracts | 522,067,140 | 1,039,462,358 | — |
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Average Notional | ||||||||||||
Fund | Foreign currency contracts (to deliver USD) | Foreign currency contracts (to receive USD) | Futures contracts | |||||||||
International High Dividend Fund |
| |||||||||||
Foreign exchange contracts | $ | 28,753 | $ | 127,091 | $ | — | ||||||
International LargeCap Dividend Fund |
| |||||||||||
Foreign exchange contracts | 53,193 | 91,119 | — | |||||||||
International MidCap Dividend Fund |
| |||||||||||
Foreign exchange contracts | — | 79,804 | — | |||||||||
International Quality Dividend Growth Fund |
| |||||||||||
Foreign exchange contracts | 41,799 | 46,383 | — | |||||||||
International SmallCap Dividend Fund |
| |||||||||||
Foreign exchange contracts | 130,675 | 800,312 | — | |||||||||
Japan Hedged Equity Fund |
| |||||||||||
Foreign exchange contracts | 8,641,750,361 | 17,012,351,800 | — | |||||||||
Japan Hedged Financials Fund |
| |||||||||||
Foreign exchange contracts | 35,500,858 | 65,962,977 | — | |||||||||
Japan Hedged Quality Dividend Growth Fund |
| |||||||||||
Foreign exchange contracts | 13,484,619 | 27,082,590 | — | |||||||||
Japan Hedged SmallCap Equity Fund |
| |||||||||||
Foreign exchange contracts | 171,218,529 | 341,260,371 | — | |||||||||
Japan SmallCap Dividend Fund |
| |||||||||||
Equity contracts | — | — | 1,318,395 | 1 | ||||||||
Foreign exchange contracts | 109 | 184,985 | — |
1 | The volume of derivative activity for the period is based on intra-month balances. |
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. 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. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, 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 related transactions and/or increase (decrease) in unrealized appreciation (depreciation) from 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, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and 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; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
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Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s 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% per annum 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 forward and foreign currency futures 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 Funds, other than the Currency Hedged Equity Funds, utilized forward foreign currency contracts (“Forward Contracts”) primarily to facilitate foreign security settlements. The Currency Hedged Equity Funds utilized Forward Contracts to dynamically obtain either a net long or net short exposure to foreign currencies consistent with each Currency Hedged Equity Fund’s investment objective. 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 settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.
Futures Contracts — Each of the Europe Hedged Equity Fund, International Hedged Quality Dividend Growth Fund and Japan 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
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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.
Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.
Master Netting Arrangements — ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.
In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.
Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.
The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds 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
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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 March 31, 2018, 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 | |||||||||||||||||||||||||||||||
Fund | 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 | ||||||||||||||||||||||||||
Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | |||||||||||||||||||||||||||||
Australia Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | $ | 3,714,073 | $ | — | $ | (3,714,073 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Foreign Currency Contracts | — | — | — | — | 3 | — | — | 3 | ||||||||||||||||||||||||
Europe Hedged Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 225,298,985 | — | (225,298,985 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 11,024,214 | (11,024,214 | ) | — | — | 46,751,138 | (11,024,214 | ) | — | 35,726,924 | ||||||||||||||||||||||
Europe Hedged SmallCap Equity Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 5,350,139 | — | (5,350,139 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 1,967 | (1,967 | ) | — | — | 922,706 | (1,967 | ) | — | 920,739 | ||||||||||||||||||||||
Europe Quality Dividend Growth Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 997,702 | — | (997,702 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Europe SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 72,078,311 | — | (72,078,311 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 7,917 | (191 | ) | — | 7,726 | 191 | (191 | ) | — | — | ||||||||||||||||||||||
Germany Hedged Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 6,555 | — | (6,555 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 1,141 | (1,141 | ) | — | — | 565,369 | (1,141 | ) | — | 564,228 | ||||||||||||||||||||||
International Dividend ex-Financials Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 1,854,574 | — | (1,854,574 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 531 | — | — | 531 | ||||||||||||||||||||||||
International Equity Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 41,672,599 | — | (41,672,599 | )1 | — | — | — | — | — | |||||||||||||||||||||||
International Hedged Quality Dividend Growth Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 16,078,154 | — | (16,078,154 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 2,245,664 | (2,241,103 | ) | — | 4,561 | 2,953,817 | (2,241,103 | ) | — | 712,714 | ||||||||||||||||||||||
International High Dividend Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 9,427,586 | — | (9,427,586 | )1 | — | — | — | — | — | |||||||||||||||||||||||
International LargeCap Dividend Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 12,281,757 | — | (12,281,757 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 484 | (77 | ) | — | 407 | 77 | (77 | ) | — | — | ||||||||||||||||||||||
International MidCap Dividend Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 20,511,870 | — | (20,511,870 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 1 | — | — | 1 | ||||||||||||||||||||||||
International Quality Dividend Growth Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 673,665 | — | (673,665 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 2,375 | (2,074 | ) | — | 301 | 2,353 | (2,074 | ) | — | 279 | ||||||||||||||||||||||
International SmallCap Dividend Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 180,926,916 | — | (180,926,916 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Japan Hedged Equity Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 542,027,489 | — | (542,027,489 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 3,380,797 | (3,380,797 | ) | — | — | 34,651,583 | (3,380,797 | ) | — | 31,270,786 |
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Assets | Liabilities | |||||||||||||||||||||||||||||||
Fund | 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 | ||||||||||||||||||||||||||
Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | |||||||||||||||||||||||||||||
Japan Hedged Financials Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | $ | 3,238,508 | $ | — | $ | (3,238,508 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Foreign Currency Contracts | 13,016 | (8,585 | ) | — | 4,431 | 47,904 | (8,585 | ) | — | 39,319 | ||||||||||||||||||||||
Japan Hedged Quality Dividend Growth Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 235,499 | — | (235,499 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 4,387 | (2,890 | ) | — | 1,497 | 16,099 | (2,890 | ) | — | 13,209 | ||||||||||||||||||||||
Japan Hedged SmallCap Equity Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 35,254,827 | — | (35,254,827 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 65,271 | (43,051 | ) | — | 22,220 | 239,968 | (43,051 | ) | — | 196,917 | ||||||||||||||||||||||
Japan SmallCap Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 113,412,308 | — | (113,412,308 | )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.
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 BNY Mellon Asset Management North America Corporation (‘‘BNY Mellon AMNA’’) to provide sub-advisory services to the Funds. BNY Mellon AMNA is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum
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Notes to Financial Statements (continued)
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 | |||||||||
Australia Dividend Fund | 0.58 | % | — | — | ||||||||
Europe Hedged Equity Fund | 0.58 | % | — | — | ||||||||
Europe Hedged SmallCap Equity Fund | 0.58 | % | — | — | ||||||||
Europe Quality Dividend Growth Fund | 0.58 | % | — | — | ||||||||
Europe SmallCap Dividend Fund | 0.58 | % | — | — | ||||||||
Germany Hedged Equity Fund | 0.48 | % | — | — | ||||||||
International Dividend ex-Financials Fund | 0.58 | % | — | — | ||||||||
International Equity Fund | 0.48 | % | — | — | ||||||||
International Hedged Quality Dividend Growth Fund | 0.58 | % | — | — | ||||||||
International High Dividend Fund | 0.58 | % | — | — | ||||||||
International LargeCap Dividend Fund | 0.48 | % | — | — | ||||||||
International MidCap Dividend Fund | 0.58 | % | — | — | ||||||||
International Quality Dividend Growth Fund | 0.48 | % | (0.10 | )% | July 31, 2018 | |||||||
International SmallCap Dividend Fund | 0.58 | % | — | — | ||||||||
Japan Hedged Equity Fund | 0.48 | % | — | — | ||||||||
Japan Hedged Financials Fund | 0.48 | % | — | — | ||||||||
Japan Hedged Quality Dividend Growth Fund | 0.48 | % | (0.05 | )% | July 31, 2018 | |||||||
Japan Hedged SmallCap Equity Fund | 0.58 | % | — | — | ||||||||
Japan SmallCap Dividend Fund | 0.58 | % | — | — |
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. |
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 in “Expense waivers”.
Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year ended March 31, 2018 are as follows:
Fund | Value at 3/31/2017 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2018 | Dividend Income | |||||||||||||||||||||
Europe SmallCap Dividend Fund | ||||||||||||||||||||||||||||
International MidCap Dividend Fund | $ | 3,682,595 | $ | 14,626,031 | $ | 13,179,964 | $ | 266,108 | $ | (154,645 | ) | $ | 5,240,125 | $ | 62,946 | |||||||||||||
International Dividend ex-Financials Fund |
| |||||||||||||||||||||||||||
International LargeCap Dividend Fund | $ | 149,230 | $ | 5,689,892 | $ | 5,743,492 | $ | 27,379 | $ | 7,026 | $ | 130,035 | $ | 90,752 | ||||||||||||||
International Equity Fund | ||||||||||||||||||||||||||||
International Dividend ex-Financials Fund | $ | 2,084,743 | $ | 10,562,892 | $ | 12,629,145 | $ | 5,050 | $ | (23,366 | ) | $ | 174 | $ | 123,514 | |||||||||||||
International High Dividend Fund | ||||||||||||||||||||||||||||
International LargeCap Dividend Fund | $ | — | $ | 8,497,155 | $ | 8,094,514 | $ | (132,490 | ) | $ | (2,461 | ) | $ | 267,690 | $ | 85,123 | ||||||||||||
International LargeCap Dividend Fund |
| |||||||||||||||||||||||||||
International MidCap Dividend Fund | $ | 864,125 | $ | 8,770,174 | $ | 8,997,165 | $ | 126,788 | $ | (3,959 | ) | $ | 759,963 | $ | 96,426 | |||||||||||||
International MidCap Dividend Fund |
| |||||||||||||||||||||||||||
Australia Dividend Fund | $ | — | $ | 1,694,469 | $ | 1,648,732 | $ | (823 | ) | $ | (2,261 | ) | $ | 42,653 | $ | 14,174 | ||||||||||||
Japan Hedged Equity Fund | — | 2,236,943 | 2,202,830 | 10,265 | (466 | ) | 43,912 | 26,992 | ||||||||||||||||||||
Total | $ | — | $ | 3,931,412 | $ | 3,851,562 | $ | 9,442 | $ | (2,727 | ) | $ | 86,565 | $ | 41,166 |
168 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Notes to Financial Statements (continued)
Fund | Value at 3/31/2017 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2018 | Dividend Income | |||||||||||||||||||||
International SmallCap Dividend Fund |
| |||||||||||||||||||||||||||
Europe SmallCap Dividend Fund | $ | 3,487,375 | $ | 20,188,471 | $ | 20,127,564 | $ | 407,586 | $ | (56,288 | ) | $ | 3,899,580 | $ | 225,251 | |||||||||||||
Japan SmallCap Dividend Fund | 2,809,050 | 14,788,978 | 14,829,187 | 420,602 | 30,656 | 3,220,099 | 106,256 | |||||||||||||||||||||
Total | $ | 6,296,425 | $ | 34,977,449 | $ | 34,956,751 | $ | 828,188 | $ | (25,632 | ) | $ | 7,119,679 | $ | 331,507 | |||||||||||||
Japan SmallCap Dividend Fund | ||||||||||||||||||||||||||||
Japan Hedged Equity Fund | $ | 134,092 | $ | 23,571,014 | $ | 23,679,007 | $ | 194,697 | $ | 24,192 | $ | 244,988 | $ | 105,991 |
During the fiscal year ended March 31, 2018, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2018, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:
Fund | Purchases | Sales | Net Realized Gain/Loss | |||||||||
Australia Dividend Fund | $ | 1,100,919 | $ | 2,397,245 | $ | 317,856 | ||||||
Europe Hedged Equity Fund | 40,136,466 | 13,224,941 | (1,584,345 | ) | ||||||||
Europe Hedged SmallCap Equity Fund | 5,785,088 | 4,791,553 | (838,654 | ) | ||||||||
Europe Quality Dividend Growth Fund | 2,089,153 | 954,378 | (77,356 | ) | ||||||||
Europe SmallCap Dividend Fund | 26,543,323 | 27,745,073 | 1,210,499 | |||||||||
Germany Hedged Equity Fund | 2,004,826 | 2,246,810 | 64,442 | |||||||||
International Dividend ex-Financials Fund | 9,762,994 | 9,486,647 | (639,494 | ) | ||||||||
International Equity Fund | 31,925,005 | 20,517,006 | 308,253 | |||||||||
International Hedged Quality Dividend Growth Fund | 37,140,291 | 40,230,665 | (1,118,461 | ) | ||||||||
International High Dividend Fund | 9,317,692 | 10,468,775 | 181,641 | |||||||||
International LargeCap Dividend Fund | 10,927,089 | 8,732,393 | (935,254 | ) | ||||||||
International MidCap Dividend Fund | 18,496,085 | 17,110,340 | 3,169,903 | |||||||||
International Quality Dividend Growth Fund | 1,155,370 | 464,722 | (16,194 | ) | ||||||||
International SmallCap Dividend Fund | 24,965,369 | 50,510,501 | (8,081,836 | ) | ||||||||
Japan Hedged Equity Fund | 19,619,691 | 35,981,224 | 4,486,110 | |||||||||
Japan Hedged Quality Dividend Growth Fund | 655,460 | 1,261,276 | (28,720 | ) | ||||||||
Japan Hedged SmallCap Equity Fund | 4,389,763 | 4,196,687 | (330,329 | ) | ||||||||
Japan SmallCap Dividend Fund | 11,654,580 | 13,776,501 | (1,436,720 | ) |
Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2018, 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 | Market Value of by WTAM | Dividends paid to WTAM on Fund | |||||||||
Europe Hedged Equity Fund* | — | $ | — | $ | 143 | |||||||
Europe SmallCap Dividend Fund | 24 | 1,678 | 31 | |||||||||
International Equity Fund | 134 | 7,351 | 226 | |||||||||
International High Dividend Fund | 79 | 3,442 | 88 | |||||||||
International Quality Dividend Growth Fund | 439 | 13,521 | 97 | |||||||||
International SmallCap Dividend Fund | 275 | 21,018 | 442 | |||||||||
Japan Hedged Equity Fund | 117 | 6,553 | 127 | |||||||||
Japan SmallCap Dividend Fund | 27 | 2,196 | 22 |
* | No shares were held in this Fund by WTAM at the end of the period. |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 169 |
Table of Contents
Notes to Financial Statements (continued)
At March 31, 2018, approximately 25% of the International Quality Dividend Growth Fund’s outstanding shares were held by an affiliated fund.
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2018, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a portfolio of equity securities and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2018 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
In-kind Capital Share Transactions | ||||||||||||||||
Fund | Purchases | Sales | Purchases | Sales | ||||||||||||
Australia Dividend Fund | $ | 10,321,603 | $ | 10,526,478 | $ | — | $ | 2,880,743 | ||||||||
Europe Hedged Equity Fund | 1,693,363,882 | 2,653,118,795 | 283,808,830 | 3,473,092,201 | ||||||||||||
Europe Hedged SmallCap Equity Fund | 57,771,628 | 61,313,415 | 13,614,688 | 41,482,055 | ||||||||||||
Europe Quality Dividend Growth Fund | 7,765,235 | 7,466,234 | 56,131,548 | 3,832,889 | ||||||||||||
Europe SmallCap Dividend Fund | 425,678,585 | 353,858,385 | 303,563,350 | 75,381,342 | ||||||||||||
Germany Hedged Equity Fund | 22,736,121 | 38,548,137 | 1,649,329 | 37,413,219 | ||||||||||||
International Dividend ex-Financials Fund | 72,243,543 | 72,333,670 | 2,292,697 | 21,468,015 | ||||||||||||
International Equity Fund | 165,725,482 | 160,527,065 | 139,006,203 | 8,101,735 | ||||||||||||
International Hedged Quality Dividend Growth Fund | 221,837,273 | 215,242,298 | 68,966,371 | 84,573,946 | ||||||||||||
International High Dividend Fund | 82,771,355 | 81,766,466 | 64,690,855 | — | ||||||||||||
International LargeCap Dividend Fund | 63,743,574 | 62,977,729 | 51,844,270 | — | ||||||||||||
International MidCap Dividend Fund | 54,022,206 | 54,305,289 | 80,089,968 | — | ||||||||||||
International Quality Dividend Growth Fund | 5,936,399 | 6,237,930 | 16,072,906 | 2,282,525 | ||||||||||||
International SmallCap Dividend Fund | 464,383,077 | 465,139,304 | 429,856,812 | — | ||||||||||||
Japan Hedged Equity Fund | 1,524,835,354 | 2,000,368,993 | 1,138,694,205 | 3,777,865,383 | ||||||||||||
Japan Hedged Financials Fund | 9,099,679 | 10,993,520 | 60,567,669 | 53,644,403 | ||||||||||||
Japan Hedged Quality Dividend Growth Fund | 4,027,621 | 4,609,904 | — | — | ||||||||||||
Japan Hedged SmallCap Equity Fund | 50,381,472 | 50,941,138 | 99,076,892 | 38,906,555 | ||||||||||||
Japan SmallCap Dividend Fund | 150,539,476 | 118,588,342 | 548,585,017 | 72,626,432 |
6. FEDERAL INCOME TAXES
At March 31, 2018, 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) | ||||||||||||
Australia Dividend Fund | $ | 33,508,537 | $ | 4,340,788 | $ | (2,644,040 | ) | $ | 1,696,748 | |||||||
Europe Hedged Equity Fund | 6,088,737,095 | 916,713,350 | (459,483,709 | ) | 457,229,641 | |||||||||||
Europe Hedged SmallCap Equity Fund | 127,409,137 | 34,411,571 | (3,898,124 | ) | 30,513,447 | |||||||||||
Europe Quality Dividend Growth Fund | 70,590,317 | 4,901,241 | (2,617,187 | ) | 2,284,054 | |||||||||||
Europe SmallCap Dividend Fund | 1,167,201,812 | 198,446,203 | (92,860,789 | ) | 105,585,414 | |||||||||||
Germany Hedged Equity Fund | 80,920,587 | 14,336,679 | (4,541,409 | ) | 9,795,270 | |||||||||||
International Dividend ex-Financials Fund | 204,451,388 | 18,843,627 | (24,981,220 | ) | (6,137,593 | ) |
170 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Notes to Financial Statements (continued)
Fund | Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation/ (Depreciation) | ||||||||||||
International Equity Fund | $ | 837,133,396 | $ | 142,197,722 | $ | (34,219,484 | ) | $ | 107,978,238 | |||||||
International Hedged Quality Dividend Growth Fund | 479,570,303 | 87,073,895 | (18,703,487 | ) | 68,370,408 | |||||||||||
International High Dividend Fund | 328,580,647 | 36,325,304 | (23,795,707 | ) | 12,529,597 | |||||||||||
International LargeCap Dividend Fund | 415,826,466 | 56,566,631 | (19,829,294 | ) | 36,737,337 | |||||||||||
International MidCap Dividend Fund | 257,896,900 | 50,413,283 | (8,417,427 | ) | 41,995,856 | |||||||||||
International Quality Dividend Growth Fund | 22,886,833 | 2,381,614 | (417,603 | ) | 1,964,011 | |||||||||||
International SmallCap Dividend Fund | 1,670,445,881 | 448,312,048 | (68,513,720 | ) | 379,798,328 | |||||||||||
Japan Hedged Equity Fund | 6,209,802,543 | 912,263,411 | (189,072,782 | ) | 723,190,629 | |||||||||||
Japan Hedged Financials Fund | 45,157,882 | 201,180 | (3,081,330 | ) | (2,880,150 | ) | ||||||||||
Japan Hedged Quality Dividend Growth Fund | 11,614,565 | 2,488,823 | (237,511 | ) | 2,251,312 | |||||||||||
Japan Hedged SmallCap Equity Fund | 195,539,429 | 34,181,936 | (1,530,233 | ) | 32,651,703 | |||||||||||
Japan SmallCap Dividend Fund | 1,011,524,106 | 157,465,689 | (7,457,422 | ) | 150,008,267 |
At March 31, 2018, the components of accumulated earnings/(loss) on a tax-basis were as follows:
Fund | Undistributed Ordinary Income | Undistributed Capital and Other Losses | Net Unrealized Appreciation/ (Depreciation) | Currency and Other Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/(Losses) | |||||||||||||||
Australia Dividend Fund | $ | 63,187 | $ | (13,291,126 | ) | $ | 1,696,748 | $ | (3,412 | ) | $ | (11,534,603 | ) | |||||||
Europe Hedged Equity Fund | 15,797,064 | (2,285,576,202 | ) | 457,229,641 | 1,337,932 | (1,811,211,565 | ) | |||||||||||||
Europe Hedged SmallCap Equity Fund | — | (32,949,712 | ) | 30,513,447 | 14,182 | (2,422,083 | ) | |||||||||||||
Europe Quality Dividend Growth Fund | 363,934 | (2,447,671 | ) | 2,284,054 | 754 | 201,071 | ||||||||||||||
Europe SmallCap Dividend Fund | 6,826,673 | (121,697,607 | ) | 105,585,414 | 35,452 | (9,250,068 | ) | |||||||||||||
Germany Hedged Equity Fund | — | (37,280,552 | ) | 9,795,270 | 52,993 | (27,432,289 | ) | |||||||||||||
International Dividend ex-Financials Fund | 873,129 | (23,779,901 | ) | (6,137,593 | ) | 12,435 | (29,031,930 | ) | ||||||||||||
International Equity Fund | 4,363,448 | (45,682,764 | ) | 107,978,238 | 25,940 | 66,684,956 | ||||||||||||||
International Hedged Quality Dividend Growth Fund | — | (50,516,071 | ) | 68,370,408 | 31,840 | 17,886,177 | ||||||||||||||
International High Dividend Fund | 1,498,688 | (38,802,865 | ) | 12,529,597 | 14,021 | (24,760,559 | ) | |||||||||||||
International LargeCap Dividend Fund | 1,915,089 | (44,998,926 | ) | 36,737,337 | 22,138 | (6,324,362 | ) | |||||||||||||
International MidCap Dividend Fund | 1,233,650 | (12,548,293 | ) | 41,995,856 | 2,782 | 30,683,995 | ||||||||||||||
International Quality Dividend Growth Fund | 147,571 | (258,958 | ) | 1,964,011 | (160 | ) | 1,852,464 | |||||||||||||
International SmallCap Dividend Fund | 9,981,818 | (41,485,464 | ) | 379,798,328 | (1,069 | ) | 348,293,613 | |||||||||||||
Japan Hedged Equity Fund | 122,643,990 | (2,030,729,603 | ) | 723,190,629 | (77,067 | ) | (1,184,972,051 | ) | ||||||||||||
Japan Hedged Financials Fund | 610,550 | (8,336,601 | ) | (2,880,150 | ) | (3,094 | ) | (10,609,295 | ) | |||||||||||
Japan Hedged Quality Dividend Growth Fund | 115,968 | (2,919,900 | ) | 2,251,312 | (264 | ) | (552,884 | ) | ||||||||||||
Japan Hedged SmallCap Equity Fund | 2,960,010 | (32,981,091 | ) | 32,651,703 | (2,866 | ) | 2,627,756 | |||||||||||||
Japan SmallCap Dividend Fund | 9,220,961 | (24,658,480 | ) | 150,008,267 | (18,366 | ) | 134,552,382 |
The tax character of distributions paid during the fiscal years or periods ended March 31, 2018 and March 31, 2017 was as follows:
Year Ended March 31, 2018 | Year Ended March 31, 2017 | |||||||||||
Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Return of Capital | Distributions Paid from Ordinary Income* | |||||||||
Australia Dividend Fund | $ | 1,500,462 | $ | — | $ | 1,434,229 | ||||||
Europe Hedged Equity Fund | 205,511,362 | — | 315,544,643 | |||||||||
Europe Hedged SmallCap Equity Fund | 2,354,900 | 58,350 | 5,737,894 | |||||||||
Europe Quality Dividend Growth Fund | 538,884 | — | 368,213 | |||||||||
Europe SmallCap Dividend Fund | 28,824,886 | — | 33,816,718 | |||||||||
Germany Hedged Equity Fund | 2,509,207 | 845,543 | 6,533,500 | |||||||||
International Dividend ex-Financials Fund | 7,674,532 | — | 8,722,068 | |||||||||
International Equity Fund | 24,687,701 | — | 21,780,815 |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 171 |
Table of Contents
Notes to Financial Statements (continued)
Year Ended March 31, 2018 | Year Ended March 31, 2017 | |||||||||||
Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Return of Capital | Distributions Paid from Ordinary Income* | |||||||||
International Hedged Quality Dividend Growth Fund | $ | 2,883,500 | $ | — | $ | 12,264,750 | ||||||
International High Dividend Fund | 11,744,233 | — | 10,595,744 | |||||||||
International LargeCap Dividend Fund | 12,934,443 | — | 13,027,235 | |||||||||
International MidCap Dividend Fund | 6,153,904 | — | 4,427,444 | |||||||||
International Quality Dividend Growth Fund | 213,547 | — | 87,988 | 1 | ||||||||
International SmallCap Dividend Fund | 49,435,198 | — | 37,730,923 | |||||||||
Japan Hedged Equity Fund | 218,205,485 | — | 163,798,365 | |||||||||
Japan Hedged Financials Fund | 658,576 | — | 270,439 | |||||||||
Japan Hedged Quality Dividend Growth Fund | 316,270 | — | 251,560 | |||||||||
Japan Hedged SmallCap Equity Fund | 2,644,796 | — | 1,523,152 | |||||||||
Japan SmallCap Dividend Fund | 11,126,041 | — | 7,628,997 |
* | Includes short-term capital gains if any. |
1 | For the period April 7, 2016 (commencement of operations) through March 31, 2017. |
At March 31, 2018, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
Fund | Capital Loss Available Through 2019 | Short-Term Post- Effective No Expiration | Long-Term Post- Effective No Expiration | Capital Loss Available Total | ||||||||||||
Australia Dividend Fund | $ | 2,670,223 | $ | 5,021,774 | $ | 5,599,129 | $ | 13,291,126 | ||||||||
Europe Hedged Equity Fund | — | 1,301,514,697 | 984,061,505 | 2,285,576,202 | ||||||||||||
Europe Hedged SmallCap Equity Fund | — | 18,876,022 | 14,073,690 | 32,949,712 | ||||||||||||
Europe Quality Dividend Growth Fund | — | 1,552,577 | 895,094 | 2,447,671 | ||||||||||||
Europe SmallCap Dividend Fund | 2,102,724 | 78,866,156 | 40,728,727 | 121,697,607 | ||||||||||||
Germany Hedged Equity Fund | — | 19,722,930 | 17,457,458 | 37,180,388 | ||||||||||||
International Dividend ex-Financials Fund | — | 13,313,687 | 10,466,214 | 23,779,901 | ||||||||||||
International Equity Fund | 8,855,174 | 6,804,849 | 30,022,741 | 45,682,764 | ||||||||||||
International Hedged Quality Dividend Growth Fund | — | 27,285,281 | 21,437,379 | 48,722,660 | ||||||||||||
International High Dividend Fund | 7,637,372 | 6,048,014 | 25,117,479 | 38,802,865 | ||||||||||||
International LargeCap Dividend Fund | 8,092,071 | 10,000,578 | 26,906,277 | 44,998,926 | ||||||||||||
International MidCap Dividend Fund | 11,183,904 | 1,364,389 | — | 12,548,293 | ||||||||||||
International Quality Dividend Growth Fund | — | 203,666 | 55,292 | 258,958 | ||||||||||||
International SmallCap Dividend Fund | 6,365,431 | 35,120,033 | — | 41,485,464 | ||||||||||||
Japan Hedged Equity Fund | — | 1,191,771,942 | 838,957,661 | 2,030,729,603 | ||||||||||||
Japan Hedged Financials Fund | — | 4,105,800 | 4,230,801 | 8,336,601 | ||||||||||||
Japan Hedged Quality Dividend Growth Fund | — | 1,471,652 | 1,448,248 | 2,919,900 | ||||||||||||
Japan Hedged SmallCap Equity Fund | — | 16,858,204 | 16,122,887 | 32,981,091 | ||||||||||||
Japan SmallCap Dividend Fund | 3,661,232 | 18,243,731 | 2,753,517 | 24,658,480 |
Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.
172 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
Table of Contents
Notes to Financial Statements (continued)
During the fiscal year ended March 31, 2018, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:
Fund | Late Year Ordinary Loss | Short-Term Post-October Capital Losses | Long-Term Post-October Capital Losses | |||||||||
Australia Dividend Fund | $ | — | $ | — | $ | — | ||||||
Europe Hedged Equity Fund | — | — | — | |||||||||
Europe Hedged SmallCap Equity Fund | — | — | — | |||||||||
Europe Quality Dividend Growth Fund | — | — | — | |||||||||
Europe SmallCap Dividend Fund | — | — | — | |||||||||
Germany Hedged Equity Fund | 100,164 | — | — | |||||||||
International Dividend ex-Financials Fund | — | — | — | |||||||||
International Equity Fund | — | — | — | |||||||||
International Hedged Quality Dividend Growth Fund | 1,793,411 | — | — | |||||||||
International High Dividend Fund | — | — | — | |||||||||
International LargeCap Dividend Fund | — | — | — | |||||||||
International MidCap Dividend Fund | — | — | — | |||||||||
International Quality Dividend Growth Fund | — | — | — | |||||||||
International SmallCap Dividend Fund | — | — | — | |||||||||
Japan Hedged Equity Fund | — | — | — | |||||||||
Japan Hedged Financials Fund | — | — | — | |||||||||
Japan Hedged Quality Dividend Growth Fund | — | — | — | |||||||||
Japan Hedged SmallCap Equity Fund | — | — | — | |||||||||
Japan SmallCap Dividend Fund | — | — | — |
During the fiscal year ended March 31, 2018, the amount of capital loss carryforwards used to offset realized gains and the amount of capital loss carryforwards that expired unused are shown in the following table:
Fund | Expired Capital Loss Carryforward | Utilized Capital Loss Carryforward | ||||||
Australia Dividend Fund | $ | 10,402,798 | $ | — | ||||
Europe Hedged Equity Fund | — | — | ||||||
Europe Hedged SmallCap Equity Fund | — | — | ||||||
Europe Quality Dividend Growth Fund | — | — | ||||||
Europe SmallCap Dividend Fund | 15,981,777 | — | ||||||
Germany Hedged Equity Fund | — | — | ||||||
International Dividend ex-Financials Fund | 106,422,557 | — | ||||||
International Equity Fund | 187,173,747 | — | ||||||
International Hedged Quality Dividend Growth Fund | — | — | ||||||
International High Dividend Fund | 41,582,445 | — | ||||||
International LargeCap Dividend Fund | 21,950,675 | — | ||||||
International MidCap Dividend Fund | 49,400,362 | 4,153,781 | ||||||
International Quality Dividend Growth Fund | — | — | ||||||
International SmallCap Dividend Fund | 176,126,796 | 20,546,015 | ||||||
Japan Hedged Equity Fund | — | — | ||||||
Japan Hedged Financials Fund | — | — | ||||||
Japan Hedged Quality Dividend Growth Fund | — | — | ||||||
Japan Hedged SmallCap Equity Fund | — | — | ||||||
Japan SmallCap Dividend Fund | 13,069,045 | — |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 173 |
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Notes to Financial Statements (concluded)
At March 31, 2018, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:
Fund | Undistributed Net Investment Income/(Loss) | Accumulated Net Realized Gain/(Loss) | Paid-in Capital | |||||||||
Australia Dividend Fund | $ | (22,778 | ) | $ | 9,710,987 | $ | (9,688,209 | ) | ||||
Europe Hedged Equity Fund | 13,543,687 | (442,755,975 | ) | 429,212,288 | ||||||||
Europe Hedged SmallCap Equity Fund | (852,516 | ) | (9,221,073 | ) | 10,073,589 | |||||||
Europe Quality Dividend Growth Fund | 7,865 | (686,821 | ) | 678,956 | ||||||||
Europe SmallCap Dividend Fund | 2,087,102 | (16,079,079 | ) | 13,991,977 | ||||||||
Germany Hedged Equity Fund | (946,811 | ) | (4,057,828 | ) | 5,004,639 | |||||||
International Dividend ex-Financials Fund | 193,503 | 104,025,180 | (104,218,683 | ) | ||||||||
International Equity Fund | 277,459 | 183,992,096 | (184,269,555 | ) | ||||||||
International Hedged Quality Dividend Growth Fund | (6,923,228 | ) | (11,155,804 | ) | 18,079,032 | |||||||
International High Dividend Fund | 70,389 | 41,512,054 | (41,582,443 | ) | ||||||||
International LargeCap Dividend Fund | 192,213 | 21,758,462 | (21,950,675 | ) | ||||||||
International MidCap Dividend Fund | 43,642 | 49,356,721 | (49,400,363 | ) | ||||||||
International Quality Dividend Growth Fund | 2,622 | (367,810 | ) | 365,188 | ||||||||
International SmallCap Dividend Fund | 1,677,764 | 174,449,032 | (176,126,796 | ) | ||||||||
Japan Hedged Equity Fund | 54,234,253 | (776,786,805 | ) | 722,552,552 | ||||||||
Japan Hedged Financials Fund | 91,329 | (1,828,850 | ) | 1,737,521 | ||||||||
Japan Hedged Quality Dividend Growth Fund | 47,204 | (47,204 | ) | — | ||||||||
Japan Hedged SmallCap Equity Fund | 984,502 | (12,450,741 | ) | 11,466,239 | ||||||||
Japan SmallCap Dividend Fund | 1,563,589 | (8,335,601 | ) | 6,772,012 |
The differences are primarily due to redemptions-in-kind, foreign currency transactions, investments in passive foreign investment companies, expiration of capital loss carryforwards and foreign capital gains taxes.
GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year ended March 31, 2018, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2018, remains subject to examination by taxing authorities.
7. ADDITIONAL INFORMATION
The Board of Trustees, after careful consideration, approved the liquidation of the WisdomTree Global ex-U.S. Hedged Dividend Fund, the WisdomTree Global ex-U.S. Hedged Real Estate Fund, the WisdomTree Japan Hedged Capital Goods Fund, the WisdomTree Japan Hedged Health Care Fund, the WisdomTree Japan Hedged Real Estate Fund and the WisdomTree United Kingdom Hedged Equity Fund.
The last day of secondary market trading of shares of the Funds on their respective exchanges was March 16, 2018. Shareholders were able to sell Fund shares through a broker in the standard manner through this date. Customary brokerage charges may have applied to such transactions. Each Fund was closed to new investors after the close of business on March 16, 2018.
Beginning on or about this date, each Fund was in the process of liquidating its portfolio assets. This caused each Fund to increase its cash holdings and deviate from the investment objective and strategies stated in its prospectus.
Shareholders that remained in the Funds had their shares automatically redeemed and received cash in an amount equal to the net asset value of their shares as of the close of business on March 23, 2018 and were not charged any transaction fees by the Funds. This amount included any accrued capital gains and dividends.
Whether an investor sold their shares or were automatically redeemed, an investor generally would have recognized a capital gain (or loss) equal to the amount received above (or below) their adjusted cost basis in such shares.
174 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
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Report of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Trustees of WisdomTree Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of WisdomTree Trust (the “Trust”) (comprising WisdomTree Australia Dividend Fund, WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree Europe Quality Dividend Growth Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International Equity Fund, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International Quality Dividend Growth Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Japan Hedged Equity Fund, WisdomTree Japan Hedged Financials Fund, WisdomTree Japan Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged SmallCap Equity Fund and WisdomTree Japan SmallCap Dividend Fund (collectively referred to as the “Funds”)) including the schedules of investments, as of March 31, 2018, and the related statements of operations, and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds comprising WisdomTree Trust at March 31, 2018, the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.
Funds comprising the WisdomTree Trust | Statement of | Statements of changes in net assets | Financial highlights | |||
WisdomTree Australia Dividend Fund WisdomTree Europe Hedged Equity Fund WisdomTree Europe SmallCap Dividend Fund WisdomTree International Dividend ex-Financials Fund WisdomTree International Equity Fund WisdomTree International High Dividend Fund WisdomTree International LargeCap Dividend Fund WisdomTree International MidCap Dividend Fund WisdomTree International SmallCap Dividend Fund WisdomTree Japan Hedged Equity Fund WisdomTree Japan SmallCap Dividend Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the five years in the period ended March 31, 2018 | |||
WisdomTree Europe Hedged SmallCap Equity Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the three years in the period ended March 31, 2018 and the period from March 4, 2015 (commencement of operations) through March 31, 2015 | |||
WisdomTree Europe Quality Dividend Growth Fund WisdomTree International Hedged Quality Dividend Growth Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the three years in the period ended March 31, 2018 and the period from May 7, 2014 (commencement of operations) through March 31, 2015 | |||
WisdomTree Germany Hedged Equity Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the four years in the period ended March 31, 2018 and the period from October 17, 2013 (commencement of operations) through March 31, 2014 |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 175 |
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Report of Independent Registered Public Accounting Firm (concluded)
Funds comprising the WisdomTree Trust | Statement of | Statements of changes in net assets | Financial highlights | |||
WisdomTree International Quality Dividend Growth Fund | For the year ended March 31, 2018 | For the year ended March 31, 2018 and the period from April 7, 2016 (commencement of operations) through March 31, 2017 | ||||
WisdomTree Japan Hedged Financials Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the three years in the period ended March 31, 2018 and the period from April 8, 2014 (commencement of operations) through March 31, 2015 | |||
WisdomTree Japan Hedged Quality Dividend Growth Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 and the period from April 9, 2015 (commencement of operations) through March 31, 2016 | |||
WisdomTree Japan Hedged SmallCap Equity Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the four years in the period ended March 31, 2018 and the period from June 28, 2013 (commencement of operations) through March 31, 2014 |
Basis for Opinion
These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2018, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more WisdomTree investment companies since 2006.
New York, NY
May 24, 2018
176 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
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Trustees and Officers Information (unaudited)
The Board of Trustees is responsible for overseeing the management and affairs of the Funds and the Trust. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.
The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.
Independent Trustees
Name and Year of Birth | Position(s) Held with | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other During the Past | ||||||
David G. Chrencik^ (1948) | Trustee, 2014- present | Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms). | 80 | Trustee, Vericimetry Funds (2011 to 2014); Director, Bennett Group of Funds (2011 to 2013); Trustee, del Rey Global Investors Funds (2011 to 2012). | ||||||
Joel Goldberg# (1945) | Trustee, 2012- present | Attorney, Of Counsel at Stroock & Stroock & Lavan LLP (“Stroock”) since 2015; Attorney, Partner at Stroock from 2010 to 2014; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010. | 80 | Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region). | ||||||
Toni Massaro† (1955) | Trustee, 2006- present | Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990. | 80 | None | ||||||
Melinda A. Raso Kirstein‡ (1955) | Trustee, 2014- present | Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management. | 80 | Associate Alumnae of Douglass College, Member of Investment Committee. | ||||||
Victor Ugolyn (1947) | Trustee, 2006- present; Chairman of the Board of Trustees, 2006-present | Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004. | 80 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016). |
* | As of March 31, 2018. |
^ | Chair of the Audit Committee. |
# | Chair of the Contracts Review Committee. |
† | Chair of the Governance, Nominating and Compliance Committee. |
‡ | Chair of the Investment Committee. |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 177 |
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Trustees and Officers Information (unaudited) (concluded)
Interested Trustee and Officers
Name and Year of Birth | Position(s) Held with the Trust, Term of Office and Length of Time Served | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other During the Past | ||||||
Jonathan Steinberg** (1964) | Trustee, 2005- present President, 2005-present | President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2012; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2005. | 80 | Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. | ||||||
David Castano** (1971) | Treasurer, 2013- present | Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011. | 80 | None | ||||||
Terry Jane Feld** (1960) | Chief Compliance Officer, 2012- present | Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011. | 80 | None | ||||||
Ryan Louvar** (1972) | Secretary and Chief Legal Officer, 2013- present | General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013. | 80 | None | ||||||
Joanne Antico** | Assistant Secretary, 2018-present | Senior Investment Management Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016. | 80 | None | ||||||
Clint Martin** (1977) | Assistant Treasurer, 2015-present | Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co. | 80 | None |
* | As of March 31, 2018. |
** | Elected by and serves at the pleasure of the Board. |
178 | WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year ended March 31, 2018, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2019.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2018, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
Fund | Qualified Dividend Income | |||
Australia Dividend Fund | $ | 1,500,462 | ||
Europe Hedged Equity Fund | 130,139,863 | |||
Europe Hedged SmallCap Equity Fund | 2,354,900 | |||
Europe Quality Dividend Growth Fund | 538,884 | |||
Europe SmallCap Dividend Fund | 28,824,886 | |||
Germany Hedged Equity Fund | 2,509,207 | |||
International Dividend ex-Financials Fund | 6,407,362 | |||
International Equity Fund | 21,880,579 | |||
International Hedged Quality Dividend Growth Fund | 2,883,500 | |||
International High Dividend Fund | 9,656,283 | |||
International LargeCap Dividend Fund | 10,819,711 | |||
International MidCap Dividend Fund | 6,153,904 | |||
International Quality Dividend Growth Fund | 213,547 | |||
International SmallCap Dividend Fund | 48,363,880 | |||
Japan Hedged Equity Fund | 187,158,749 | |||
Japan Hedged Financials Fund | 658,576 | |||
Japan Hedged Quality Dividend Growth Fund | 316,270 | |||
Japan Hedged SmallCap Equity Fund | 2,644,796 | |||
Japan SmallCap Dividend Fund | 11,126,041 |
The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2018. The gross foreign source income and foreign taxes paid are as follows:
Fund | Gross Foreign Income | Foreign Taxes Paid | ||||||
Australia Dividend Fund | $ | 1,516,779 | $ | 11,901 | ||||
Europe Hedged Equity Fund | 132,212,938 | 14,884,404 | ||||||
Europe Hedged SmallCap Equity Fund | 4,065,964 | 539,200 | ||||||
Europe Quality Dividend Growth Fund | 1,055,483 | 98,020 | ||||||
Europe SmallCap Dividend Fund | 31,186,674 | 2,624,527 | ||||||
Germany Hedged Equity Fund | 4,140,765 | 432,430 | ||||||
International Dividend ex-Financials Fund | 6,723,291 | 444,436 | ||||||
International Equity Fund | 24,547,605 | 1,655,604 | ||||||
International Hedged Quality Dividend Growth Fund | 11,647,279 | 988,192 | ||||||
International High Dividend Fund | 11,058,629 | 693,051 | ||||||
International LargeCap Dividend Fund | 12,118,254 | 810,912 | ||||||
International MidCap Dividend Fund | 7,142,436 | 460,080 | ||||||
International Quality Dividend Growth Fund | 380,558 | 36,424 | ||||||
International SmallCap Dividend Fund | 52,462,622 | 4,514,128 | ||||||
Japan Hedged Equity Fund | 193,026,245 | 19,300,695 | ||||||
Japan Hedged Financials Fund | 868,835 | 86,884 | ||||||
Japan Hedged Quality Dividend Growth Fund | 328,201 | 32,744 | ||||||
Japan Hedged SmallCap Equity Fund | 3,521,242 | 352,095 | ||||||
Japan SmallCap Dividend Fund | 17,275,126 | 1,718,254 |
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds | 179 |
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.
Frequency Distribution of Discounts & Premiums
Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.
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The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2018:
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 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 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 Equity Fund (DXJ)
WisdomTree Japan Hedged Financials Fund (DXJF)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets
WisdomTree Asia Pacific ex-Japan Fund (AXJL) |
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
WisdomTree Emerging Markets Dividend Fund (DVEM)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
WisdomTree Emerging Markets High Dividend Fund (DEM)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Global ex-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 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 Russell 2000 PutWrite Strategy Fund (RPUT)
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) |
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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.
There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. 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 size aggregations of shares.
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WisdomTree Trust
245 Park Avenue, 35th Floor
New York, NY 10167
WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds
WisdomTree Australia Dividend Fund (AUSE)
WisdomTree Europe Hedged Equity Fund (HEDJ)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Germany Hedged Equity Fund (DXGE)
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 Equity Fund (DXJ)
WisdomTree Japan Hedged Financials Fund (DXJF)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.
WTGM-0798
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WisdomTree Trust
Global/Global ex-U.S. and Emerging/Frontier Markets Funds
Annual Report
March 31, 2018
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
WisdomTree Emerging Markets High Dividend Fund (DEM)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
WisdomTree Global High Dividend Fund (DEW)
WisdomTree India Earnings Fund (EPI)
WisdomTree Middle East Dividend Fund (GULF)
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“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
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Management’s Discussion of Funds’ Performance (unaudited)
Market Environment Overview
The emerging markets, as measured by the MSCI Emerging Markets Index, a broad measure of equity performance for emerging markets, returned 24.93% in the 12-month period that ended March 31, 2018. (the “period”). The global ex-U.S. equity markets, as measured by the MSCI ACWI ex-USA Index, a broad measure of equity performance for both developed and emerging markets excluding the U.S., returned 16.53% over the period. The MSCI ACWI ex-USA Index outperformed the S&P 500 Index by 2.54% and the MSCI Emerging Markets Index outperformed the S&P 500 Index by 10.94%. In local currency terms, the MSCI Emerging Markets Index and the MSCI ACWI ex-USA Index returned 22.01% and 8.93%, respectively. It is important to note the variations in the returns of these international exposures in both U.S. dollar and local currency terms. Particularly within the emerging markets, volatility in commodities prices combined with geopolitical risk led to mixed performance between emerging market currencies relative to the U.S. dollar over the period. On average, returns from foreign currency boosted returns experienced by U.S. investors holding emerging market securities.
Within the MSCI Emerging Markets Index, in U.S. dollar terms, all eleven sectors were positive. The Information Technology and Healthcare sectors led in performance, while the Utilities and Telecommunications sectors lagged. Within the MSCI ACWI ex-USA Index, in local currency terms, all but one of the eleven sectors were positive, with the Materials and Energy sectors leading and the Telecommunication Services and Real Estate sectors lagging. It is particularly important to note the effects of the U.S. dollar, which depreciated against most global currencies during the period.
Emerging markets were the best performing region among global asset classes for the period, as they have been one of the largest benefactors from the rebound in global growth. Much of the strong performance in emerging markets has been in the energy space, as oil has rallied strongly off the lows in mid-2017.
In Brazil, economic growth rebounded through the end of 2017 and has continued to be one of the main focal points for Brazilian markets, along with higher oil prices. Brazilian equities rallied strongly from mid 2017 through 2018, despite bouts of volatility from geopolitical risk.
Asian markets have also undergone many noteworthy changes, particularly in China. China has been the best performing country within emerging markets, led by large tech technology companies like Alibaba and Tencent. Liberalization of financial markets, as well as the rise of their technology sector, have driven these and other companies to record highs. The “hard landing” fears of a China slowdown seemed to have subsided, as China has been moving towards sustainable growth levels, backed by strong economic data. In June 2017, MSCI announced that it would include mainland China listed A-shares in their emerging market indexes for the first time beginning in May 2018. In early March 2018, the National People’s Congress removed the two-term limit on the presidency, allowing President Xi to serve indefinitely. While no definitive steps have been taken, concerns remain about U.S.-China relations as they relate to North Korea, trade, and intellectual property rights.
In Russia, volatility continues to be a concern as geopolitical tension is juxtaposed against a rebound in energy prices. Employment and consumer confidence remain strong due to the rebound in oil and natural gas. However, concerns over hacking, election meddling, and supporting controversial regimes has led the U.S. to impose even harsher economic sanctions.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 1 |
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Management’s Discussion of Funds’ Performance
(unaudited) (continued)
WisdomTree Funds’ Performance Overview
The following table reflects the WisdomTree Funds’ performance versus capitalization-weighted benchmark indexes:
Ticker | WisdomTree Fund | 1-Year NAV Return | Performance Benchmark | 1-Year Return | Difference | |||||||
AXJL | WisdomTree Asia Pacific ex-Japan Fund | 11.75% | MSCI Pacific ex-Japan/MSCI AC Asia Pacific ex-Japan Spliced Index | 20.71% | -8.96% | |||||||
CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 53.95% | FTSE China 50 Index | 25.22% | 28.73% | |||||||
EMCG | WisdomTree Emerging Markets Consumer Growth Fund | 19.05% | MSCI Emerging Markets Index | 24.93% | -5.88% | |||||||
XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 30.30% | MSCI Emerging Markets Index | 24.93% | 5.37% | |||||||
DEM | WisdomTree Emerging Markets High Dividend Fund | 20.98% | MSCI Emerging Markets Index | 24.93% | -3.95% | |||||||
DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 19.44% | MSCI Emerging Markets Index | 24.93% | -5.49% | |||||||
DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 23.55% | MSCI Emerging Markets Small Cap Index | 18.62% | 4.93% | |||||||
DNL | WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 20.18% | MSCI Japan Value/MSCI AC World ex-USA Growth Spliced Index | 19.92% | 0.26% | |||||||
DRW | WisdomTree Global ex-U.S. Real Estate Fund | 21.90% | Dow Jones Global ex-U.S. Select Real Estate Securities Index | 10.09% | 11.81% | |||||||
DEW | WisdomTree Global High Dividend Fund | 7.02% | MSCI Europe Value/MSCI AC World Spliced Index | 14.85% | -7.83% | |||||||
EPI | WisdomTree India Earnings Fund | 8.46% | MSCI India Index | 10.23% | -1.77% | |||||||
GULF | WisdomTree Middle East Dividend Fund | 9.49% | MSCI Arabian Markets ex-Saudi Arabia Index | 1.43% | 8.06% |
WisdomTree’s emerging market and global ex-U.S. fundamental-weighted funds are designed to track indexes based on the dividend or earnings stream generated by the companies included in the index. The dividend stream is defined as the sum of all dividends paid over the prior twelve months for each company. The earnings stream is defined as the total dollar level of earnings for all companies within each index. There are two primary factors that drive performance differentials versus market cap-weighted benchmarks. The first is aggregate exposure to one or more sectors or countries. The second is stock selection within each sector or country. Both are determined as part of WisdomTree’s rules based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the index rebalancing dates based on the dividend stream or earnings stream.
While the overall emerging markets performed in line or above both the broad U.S. and developed international markets, there was a noticeable difference in performance between the different sectors and countries. Most notably, the WisdomTree China ex-State-Owned Enterprises Fund (CXSE) was the best performing fund over the full period, outperforming the FTSE China 50 Index by 28.73% and the MSCI Emerging Markets Index by 29.02% based on NAV. CXSE’s strategy aims to screen out companies in which the state owns 20% or more which has led to overweights in Information Technology and Consumer Cyclical sectors and underweights in Financials and Energy sectors.
Among the WisdomTree global and global-ex U.S. funds, the WisdomTree Global ex-U.S. Real Estate Fund (DRW) was one of the best performing. DRW returned 21.90% over the period based on NAV, and it outperformed its benchmark, the Dow Jones Global ex-U.S. Select Real Estate Securities Index by 11.81%. The main reason for this outperformance is attributed to its largest country exposures in Hong Kong and China. One of the worst performing funds over the period was the WisdomTree Global High Dividend Fund (DEW) which trailed its benchmark by 7.83% based on NAV. This was in large part due to the largest country weight being the U.S., which had marginally positive performance during the period.
2 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
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Management’s Discussion of Funds’ Performance
(unaudited) (concluded)
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 16-18 for the list of index descriptions.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 3 |
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Performance Summary (unaudited)
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 21.5% | |||
Information Technology | 17.0% | |||
Telecommunication Services | 14.9% | |||
Materials | 10.6% | |||
Energy | 9.6% | |||
Consumer Staples | 6.5% | |||
Industrials | 5.6% | |||
Utilities | 5.3% | |||
Consumer Discretionary | 3.5% | |||
Real Estate | 3.4% | |||
Health Care | 1.5% | |||
Investment Company | 0.2% | |||
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 3/31/18
Description | % of Net Assets | |||
China Mobile Ltd. | 7.2% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 5.0% | |||
Samsung Electronics Co., Ltd. | 3.9% | |||
CNOOC Ltd. | 3.0% | |||
BHP Billiton Ltd. | 2.4% | |||
China Construction Bank Corp., Class H | 2.3% | |||
Telstra Corp., Ltd. | 2.2% | |||
Hon Hai Precision Industry Co., Ltd. | 2.0% | |||
Singapore Telecommunications Ltd. | 2.0% | |||
Commonwealth Bank of Australia | 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 Asia Pacific ex-Japan Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Asia Pacific ex-Japan Index.
The Fund returned 11.75% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in China. The Fund’s investment in Australia detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.48%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 11.75 | % | 4.45 | % | 3.59 | % | 3.88 | % | 6.97 | % | ||||||||||
Fund Market Price Returns | 12.78 | % | 4.79 | % | 3.70 | % | 3.94 | % | 7.07 | % | ||||||||||
WisdomTree Pacific ex-Japan Dividend/Asia Pacific ex-Japan Spliced Index2 | 12.26 | % | 4.95 | % | 3.96 | % | 4.61 | % | 7.80 | % | ||||||||||
MSCI Pacific ex-Japan/MSCI AC Asia Pacific ex-Japan Spliced Index3 | 20.71 | % | 8.05 | % | 6.56 | % | 5.28 | % | 7.62 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
2 | WisdomTree Pacific ex-Japan Dividend Index through June 17, 2011; WisdomTree Asia Pacific ex-Japan Index thereafter. |
3 | MSCI Pacific ex-Japan Index through June 17, 2011; MSCI AC Asia Pacific ex-Japan Index thereafter. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
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Performance Summary (unaudited)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 33.5% | |||
Consumer Discretionary | 22.4% | |||
Financials | 16.0% | |||
Real Estate | 8.1% | |||
Health Care | 7.0% | |||
Industrials | 5.5% | |||
Consumer Staples | 4.0% | |||
Materials | 2.2% | |||
Utilities | 0.8% | |||
Telecommunication Services | 0.3% | |||
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 3/31/18
Description | % of Net Assets | |||
Tencent Holdings Ltd. | 9.9% | |||
Alibaba Group Holding Ltd., ADR | 9.0% | |||
Ping An Insurance Group Co. of China Ltd., Class A | 5.9% | |||
Ping An Insurance Group Co. of China Ltd., Class H | 5.2% | |||
Baidu, Inc., ADR | 4.8% | |||
JD.com, Inc., ADR | 3.7% | |||
China Minsheng Banking Corp., Ltd., Class A | 2.5% | |||
Ctrip.com International Ltd., ADR | 2.3% | |||
Midea Group Co., Ltd., Class A | 2.3% | |||
Country Garden Holdings Co., Ltd. | 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 China ex-State-Owned Enterprises Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index.
The Fund returned 53.95% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed to performance while its position in Telecommunication Services detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s net and gross annual expense ratios were 0.32% and 0.63%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 53.95 | % | 18.22 | % | 13.17 | % | 12.58 | % | ||||||||
Fund Market Price Returns | 55.06 | % | 18.41 | % | 13.38 | % | 12.60 | % | ||||||||
WisdomTree China Dividend ex-Financials/China ex-State-Owned Enterprises Spliced Index2 | 54.43 | % | 19.56 | % | 14.07 | % | 13.44 | % | ||||||||
MSCI China Index | 38.91 | % | 10.50 | % | 11.33 | % | 11.72 | % | ||||||||
FTSE China 50 Index | 25.22 | % | 5.18 | % | 8.43 | % | 8.75 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 19, 2012. |
2 | WisdomTree China Dividend ex-Financials Index through June 30, 2015; WisdomTree China ex-State-Owned Enterprises Index thereafter. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 35.1% | |||
Consumer Staples | 23.0% | |||
Information Technology | 13.3% | |||
Real Estate | 8.1% | |||
Financials | 7.9% | |||
Telecommunication Services | 5.6% | |||
Industrials | 4.8% | |||
Health Care | 1.0% | |||
Utilities | 0.7% | |||
Other Assets less Liabilities‡ | 0.5% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
KT&G Corp. | 5.1% | |||
America Movil S.A.B. de C.V., Series L | 4.1% | |||
Wal-Mart de Mexico S.A.B. de C.V. | 3.9% | |||
AU Optronics Corp. | 3.7% | |||
LG Display Co., Ltd. | 3.5% | |||
Woolworths Holdings Ltd. | 2.4% | |||
Shoprite Holdings Ltd. | 2.3% | |||
Ping An Insurance Group Co. of China Ltd., Class H | 2.0% | |||
Truworths International Ltd. | 1.8% | |||
Foschini Group Ltd. (The) | 1.6% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Emerging Markets Consumer Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Consumer Growth Index.
The Fund returned 19.05% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in China contributed to performance while its position in Russia detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s net and gross annual expenses ratios were 0.32% and 0.63%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 19.05 | % | 4.23 | % | 3.38 | % | ||||||
Fund Market Price Returns | 20.76 | % | 4.81 | % | 3.63 | % | ||||||
WisdomTree Emerging Markets Consumer Growth Index | 19.39 | % | 4.70 | % | 4.03 | % | ||||||
MSCI Emerging Markets Index | 24.93 | % | 8.81 | % | 5.92 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 27, 2013. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 33.2% | |||
Financials | 17.9% | |||
Consumer Discretionary | 12.8% | |||
Consumer Staples | 8.2% | |||
Materials | 6.1% | |||
Energy | 5.5% | |||
Industrials | 5.1% | |||
Health Care | 4.1% | |||
Telecommunication Services | 2.9% | |||
Real Estate | 2.7% | |||
Utilities | 1.1% | |||
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 3/31/18
Description | % of Net Assets | |||
Tencent Holdings Ltd. | 7.3% | |||
Alibaba Group Holding Ltd., ADR | 5.4% | |||
Samsung Electronics Co., Ltd. | 4.4% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 3.2% | |||
Naspers Ltd., Class N | 2.3% | |||
Ping An Insurance Group Co. of China Ltd., Class H | 1.7% | |||
Lukoil PJSC, ADR | 1.6% | |||
Baidu, Inc., ADR | 1.6% | |||
Ping An Insurance Group Co. of China Ltd., Class A | 1.2% | |||
Reliance Industries Ltd., GDR | 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 Emerging Markets ex-State-Owned Enterprises Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index.
The Fund returned 30.30% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in China contributed to performance while its position in the Netherlands detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s net and gross annual expense ratios were 0.32% and 0.58%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 30.30 | % | 10.32 | % | 10.16 | % | ||||||
Fund Market Price Returns | 31.52 | % | 10.77 | % | 10.77 | % | ||||||
WisdomTree Emerging Markets ex-State-Owned Enterprises Index | 31.15 | % | 11.93 | % | 11.71 | % | ||||||
MSCI Emerging Markets Index | 24.93 | % | 8.81 | % | 8.68 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 10, 2014. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets High Dividend Fund (DEM)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 22.5% | |||
Energy | 18.4% | |||
Materials | 13.2% | |||
Telecommunication Services | 11.7% | |||
Information Technology | 11.6% | |||
Consumer Discretionary | 5.9% | |||
Utilities | 5.4% | |||
Industrials | 3.2% | |||
Investment Company | 3.1% | |||
Real Estate | 2.7% | |||
Consumer Staples | 1.4% | |||
Health Care | 0.7% | |||
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 3/31/18
Description | % of Net Assets | |||
Lukoil PJSC, ADR | 4.1% | |||
Gazprom PJSC, ADR | 4.0% | |||
Hon Hai Precision Industry Co., Ltd. | 3.3% | |||
China Construction Bank Corp., Class H | 3.1% | |||
China Mobile Ltd. | 2.7% | |||
Industrial & Commercial Bank of China Ltd., Class H | 2.5% | |||
MTN Group Ltd. | 2.0% | |||
China Petroleum & Chemical Corp., Class H | 1.9% | |||
Tatneft PJSC, ADR | 1.7% | |||
Bank of China Ltd., Class H | 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 Emerging Markets High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets High Dividend Index.
The Fund returned 20.98% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited most significantly from its investment in China. The Fund was impacted most negatively by its investment in South Korea.
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 August 1, 2017, the Fund’s annual expense ratio was 0.63%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 20.98 | % | 7.78 | % | 1.24 | % | 3.35 | % | 3.43 | % | ||||||||||
Fund Market Price Returns | 21.68 | % | 8.31 | % | 1.36 | % | 3.39 | % | 3.25 | % | ||||||||||
WisdomTree Emerging Markets High Dividend Index | 21.58 | % | 8.61 | % | 2.22 | % | 4.37 | % | 4.43 | % | ||||||||||
MSCI Emerging Markets Index | 24.93 | % | 8.81 | % | 4.99 | % | 3.02 | % | 2.57 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 13, 2007. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 20.5% | |||
Consumer Discretionary | 20.3% | |||
Consumer Staples | 16.2% | |||
Materials | 10.0% | |||
Industrials | 9.2% | |||
Telecommunication Services | 7.6% | |||
Health Care | 6.6% | |||
Financials | 3.2% | |||
Energy | 3.0% | |||
Real Estate | 2.0% | |||
Utilities | 1.2% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
MMC Norilsk Nickel PJSC, ADR | 6.0% | |||
Telekomunikasi Indonesia Persero Tbk PT | 3.9% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 3.8% | |||
America Movil S.A.B. de C.V., Series L | 3.7% | |||
Samsung Electronics Co., Ltd. | 2.9% | |||
Tencent Holdings Ltd. | 2.6% | |||
RMB Holdings Ltd. | 2.5% | |||
Novatek PJSC, GDR Reg S | 2.4% | |||
ITC Ltd. | 1.9% | |||
Tata Consultancy Services Ltd. | 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 Emerging Markets Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Quality Dividend Growth Index.
The Fund returned 19.44% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in China contributed to performance while its position in Indonesia detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s net and gross annual expense ratios were 0.32% and 0.63%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 19.44 | % | 6.55 | % | 3.84 | % | ||||||
Fund Market Price Returns | 18.82 | % | 6.70 | % | 3.52 | % | ||||||
WisdomTree Emerging Markets Quality Dividend Growth Index | 19.81 | % | 7.30 | % | 4.68 | % | ||||||
MSCI Emerging Markets Index | 24.93 | % | 8.81 | % | 6.87 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on August 1, 2013. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 17.3% | |||
Consumer Discretionary | 15.7% | |||
Industrials | 14.9% | |||
Financials | 11.8% | |||
Real Estate | 11.2% | |||
Materials | 11.1% | |||
Consumer Staples | 6.7% | |||
Health Care | 3.7% | |||
Utilities | 3.7% | |||
Energy | 2.6% | |||
Telecommunication Services | 1.0% | |||
Investment Company | 0.0% | * | ||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
* | Represents less than 0.1%. |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Truworths International Ltd. | 1.5% | |||
Foschini Group Ltd. (The) | 1.3% | |||
Moneta Money Bank AS | 1.1% | |||
Guangzhou R&F Properties Co., Ltd., Class H | 1.0% | |||
Hyprop Investments Ltd. | 1.0% | |||
AVI Ltd. | 0.9% | |||
SPAR Group Ltd. (The) | 0.8% | |||
Sinopec Shanghai Petrochemical Co., Ltd., Class H | 0.8% | |||
AirAsia Bhd | 0.7% | |||
Coronation Fund Managers Ltd. | 0.7% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Emerging Markets SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets SmallCap Dividend Index.
The Fund returned 23.55% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in China contributed positively to performance while its position in the Philippines detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.63%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 23.55 | % | 9.72 | % | 4.09 | % | 5.52 | % | 3.71 | % | ||||||||||
Fund Market Price Returns | 24.22 | % | 10.32 | % | 4.15 | % | 5.53 | % | 3.83 | % | ||||||||||
WisdomTree Emerging Markets SmallCap Dividend Index | 24.10 | % | 10.65 | % | 5.02 | % | 6.59 | % | 4.81 | % | ||||||||||
MSCI Emerging Markets Small Cap Index | 18.62 | % | 7.23 | % | 4.58 | % | 4.36 | % | 1.95 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 30, 2007. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 20.1% | |||
Information Technology | 18.3% | |||
Consumer Staples | 18.3% | |||
Industrials | 15.0% | |||
Materials | 9.3% | |||
Health Care | 7.9% | |||
Financials | 5.1% | |||
Energy | 1.9% | |||
Telecommunication Services | 1.9% | |||
Real Estate | 1.4% | |||
Utilities | 0.3% | |||
Investment Company | 0.0% | * | ||
Other Assets less Liabilities‡ | 0.5% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
* | Represents less than 0.1%. |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Unilever N.V., CVA | 6.3% | |||
British American Tobacco PLC | 6.1% | |||
Industria de Diseno Textil S.A. | 5.4% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 2.9% | |||
Samsung Electronics Co., Ltd. | 2.6% | |||
Atlas Copco AB, Class A | 2.2% | |||
Pandora A/S | 2.1% | |||
ASML Holding N.V. | 2.1% | |||
CSL Ltd. | 2.1% | |||
Marine Harvest ASA | 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 Global ex-U.S. Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Quality Dividend Growth Index.
The Fund returned 20.18% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Taiwan. The Fund’s position in Spain contributed negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 20.18 | % | 7.34 | % | 4.91 | % | 4.39 | % | 3.83 | % | ||||||||||
Fund Market Price Returns | 20.89 | % | 7.48 | % | 4.97 | % | 4.43 | % | 3.92 | % | ||||||||||
WisdomTree Japan Equity Income/Global ex-U.S. Quality Dividend Growth Spliced Index2 | 21.08 | % | 8.09 | % | 5.59 | % | 5.07 | % | 4.46 | % | ||||||||||
MSCI Japan Value/MSCI AC World ex-USA Growth Spliced Index3 | 19.92 | % | 7.28 | % | 6.84 | % | 6.20 | % | 5.28 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
2 | WisdomTree Japan Equity Income Index through June 19, 2009; WisdomTree Global ex-U.S. Quality Dividend Growth Index thereafter. |
3 | MSCI Japan Value Index through June 19, 2009; MSCI AC World ex-USA Growth Index thereafter. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 11 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
Industry Breakdown†
as of 3/31/18
Industry | % of Net Assets | |||
Equity Real Estate Investment Trusts (REITs) | 51.4% | |||
Real Estate Management & Development | 48.0% | |||
Investment Company | 0.1% | |||
Capital Markets | 0.1% | |||
Energy Equipment & Services | 0.1% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% |
† | The Fund’s industry 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). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Sun Hung Kai Properties Ltd. | 3.6% | |||
China Overseas Land & Investment Ltd. | 3.0% | |||
Unibail-Rodamco SE | 3.0% | |||
Scentre Group | 2.3% | |||
Henderson Land Development Co., Ltd. | 2.0% | |||
Vonovia SE | 1.9% | |||
Klepierre S.A. | 1.9% | |||
Link REIT | 1.8% | |||
Daiwa House Industry Co., Ltd. | 1.6% | |||
Westfield Corp. | 1.5% |
* | 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-U.S. Real Estate Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Real Estate Index.
The Fund returned 21.90% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited most from its position in China, which had positive performance. The Fund’s position in Taiwan contributed negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 21.90 | % | 8.60 | % | 6.91 | % | 3.67 | % | 1.75 | % | ||||||||||
Fund Market Price Returns | 22.06 | % | 8.73 | % | 6.80 | % | 3.51 | % | 1.66 | % | ||||||||||
WisdomTree International Real Estate/Global ex-U.S. Real Estate Spliced Index2 | 22.25 | % | 8.84 | % | 7.14 | % | 3.73 | % | 1.92 | % | ||||||||||
Dow Jones Global ex-U.S. Select Real Estate Securities Index | 10.09 | % | 2.31 | % | 3.26 | % | 2.67 | % | 0.12 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 5, 2007. |
2 | WisdomTree International Real Estate Index through June 17, 2011; WisdomTree Global ex-U.S. Real Estate Index thereafter. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global High Dividend Fund (DEW)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 19.1% | |||
Energy | 13.5% | |||
Consumer Staples | 10.7% | |||
Telecommunication Services | 10.5% | |||
Utilities | 8.4% | |||
Information Technology | 7.6% | |||
Consumer Discretionary | 7.5% | |||
Health Care | 6.8% | |||
Real Estate | 6.0% | |||
Industrials | 5.0% | |||
Materials | 4.1% | |||
Investment Company | 0.3% | |||
Other Assets less Liabilities‡ | 0.5% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
AT&T, Inc. | 2.8% | |||
Exxon Mobil Corp. | 2.7% | |||
Verizon Communications, Inc. | 2.2% | |||
Chevron Corp. | 1.9% | |||
Pfizer, Inc. | 1.8% | |||
Cisco Systems, Inc. | 1.6% | |||
Intel Corp. | 1.5% | |||
Procter & Gamble Co. (The) | 1.5% | |||
Wells Fargo & Co. | 1.4% | |||
Philip Morris International, Inc. | 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 Global High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global High Dividend Index.
The Fund returned 7.02% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited most from its investment in the United States of America, which had positive performance. The Fund’s position in Australia was a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.58%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 7.02 | % | 5.35 | % | 5.06 | % | 2.24 | % | 3.67 | % | ||||||||||
Fund Market Price Returns | 6.94 | % | 5.42 | % | 4.90 | % | 2.21 | % | 3.61 | % | ||||||||||
WisdomTree Europe Equity Income/Global High Dividend Spliced Index2 | 6.92 | % | 5.21 | % | 5.07 | % | 2.34 | % | 3.88 | % | ||||||||||
MSCI Europe Value/MSCI AC World Spliced Index3 | 14.85 | % | 8.12 | % | 9.20 | % | 4.27 | % | 5.40 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
2 | WisdomTree Europe Equity Income Index through June 19, 2009; WisdomTree Global High Dividend Index thereafter. |
3 | MSCI Europe Value Index through June 19, 2009; MSCI AC World Index thereafter. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 13 |
Table of Contents
Performance Summary (unaudited)
WisdomTree India Earnings Fund (EPI) (consolidated)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 23.2% | |||
Information Technology | 19.1% | |||
Energy | 18.6% | |||
Consumer Discretionary | 9.6% | |||
Materials | 8.0% | |||
Industrials | 5.6% | |||
Health Care | 5.5% | |||
Utilities | 5.2% | |||
Consumer Staples | 4.3% | |||
Telecommunication Services | 1.4% | |||
Real Estate | 0.4% | |||
Other Assets less Liabilities‡ | -0.9% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Reliance Industries Ltd. | 9.1% | |||
Infosys Ltd. | 8.6% | |||
Housing Development Finance Corp., Ltd. | 6.5% | |||
Tata Consultancy Services Ltd. | 4.0% | |||
ICICI Bank Ltd. | 2.8% | |||
Oil & Natural Gas Corp., Ltd. | 2.6% | |||
HCL Technologies Ltd. | 2.1% | |||
Indian Oil Corp., Ltd. | 1.9% | |||
Sun Pharmaceutical Industries Ltd. | 1.8% | |||
Maruti Suzuki India Ltd. | 1.8% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree India Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index.
The Fund returned 8.46% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Energy contributed to performance while its position in Health Care detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.83%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 8.46 | % | 5.69 | % | 8.72 | % | 2.27 | % | 1.24 | % | ||||||||||
Fund Market Price Returns | 9.52 | % | 5.93 | % | 9.00 | % | 2.27 | % | 1.29 | % | ||||||||||
WisdomTree India Earnings Index | 10.58 | % | 7.26 | % | 10.11 | % | 3.68 | % | 2.65 | % | ||||||||||
MSCI India Index | 10.23 | % | 4.27 | % | 7.87 | % | 2.96 | % | 1.73 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 22, 2008. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Middle East Dividend Fund (GULF)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 49.3% | |||
Telecommunication Services | 16.9% | |||
Materials | 10.5% | |||
Industrials | 8.0% | |||
Real Estate | 7.8% | |||
Consumer Staples | 1.8% | |||
Utilities | 1.6% | |||
Energy | 1.4% | |||
Consumer Discretionary | 1.3% | |||
Health Care | 0.3% | |||
Other Assets less Liabilities‡ | 1.1% | |||
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 3/31/18
Description | % of Net Assets | |||
Emirates Telecommunications Group Co. PJSC | 5.4% | |||
Saudi Basic Industries Corp. | 5.4% | |||
Al Rajhi Bank | 4.5% | |||
Mobile Telecommunications Co. KSC | 4.4% | |||
National Bank of Kuwait SAKP | 4.1% | |||
National Commercial Bank | 3.1% | |||
Qatar National Bank QPSC | 3.1% | |||
Arab Bank PLC | 3.1% | |||
Masraf Al Rayan QSC | 2.9% | |||
Ahli United Bank BSC | 2.6% |
* | 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 Middle East Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Middle East Dividend Index.
The Fund returned 9.49% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Saudi Arabia contributed positively to performance while its position in Qatar detracted from performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.88%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns | 9.49 | % | 1.08 | % | 6.87 | % | 1.02 | % | ||||||||
Fund Market Price Returns | 9.78 | % | 1.07 | % | 6.46 | % | 0.77 | % | ||||||||
WisdomTree Middle East Dividend Index | 10.79 | % | 2.82 | % | 8.36 | % | 2.43 | % | ||||||||
MSCI Arabian Markets ex-Saudi Arabia Index | 1.43 | % | -1.10 | % | 3.55 | % | -3.38 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 16, 2008. |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 15 |
Table of Contents
Description of Indexes (unaudited)
Below are descriptions of each Index referenced in this report:
The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.
The FTSE China 50 Index is a capitalization weighted index that is comprised of the 50 largest and most liquid Chinese securities.
The MSCI AC Asia Pacific ex-Japan Index is comprised of large- and mid-capitalization segments of emerging market and developed market countries in the Asia Pacific region, excluding Japan.
The MSCI AC World ex-USA Growth Index is comprised of growth stocks in the
developed and emerging markets covered by MSCI, excluding the U.S.
The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.
The MSCI ACWI ex-USA Index is comprised of large- and mid-capitalization segments of the developed and emerging markets covered by MSCI, excluding the U.S.
The MSCI Arabian Markets ex-Saudi Arabia Index is a free float-adjusted market capitalization index that aims to represent the universe of companies in the Gulf Cooperation Council (GCC) countries, excluding Saudi Arabia, plus Jordan, Egypt, Morocco, Tunisia and Lebanon.
The MSCI China Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the Chinese equity market.
The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance.
The MSCI Emerging Markets Small Cap Index is a free float-adjusted market
capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.
The MSCI Europe Value Index is comprised of value stocks in the MSCI Europe Index.
The MSCI India Index is a free float-adjusted market capitalization index that is designed to measure the performance of the Indian equity market.
The MSCI Japan Value Index is comprised of value stocks in the MSCI Japan Index.
The MSCI Pacific ex-Japan Index is a subset of the MSCI EAFE Index that is comprised of stocks in Australia, Hong Kong, Singapore and New Zealand.
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 WisdomTree Asia Pacific ex-Japan Index is comprised of dividend-paying companies incorporated in emerging market and developed countries in the Pacific region, excluding Japan.
The WisdomTree China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the Financials sector.
The WisdomTree China ex-State-Owned Enterprises Index measures the performance of Chinese stocks that are not state-owned enterprises. WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.
The WisdomTree Emerging Markets Consumer Growth Index consists of stocks that best exemplify growth trends in emerging market consumers and their local economies.
The WisdomTree Emerging Markets ex-State-Owned Enterprises Index is a modified market capitalization weighted index that consists of common stocks in emerging markets, excluding common stocks of “state-owned enterprises.” WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.
16 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Description of Indexes (unaudited) (continued)
The WisdomTree Emerging Markets High Dividend Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.
The WisdomTree Emerging Markets Quality Dividend Growth Index consists of dividend paying stocks with growth characteristics selected from the WisdomTree Emerging Markets Dividend Index.
The WisdomTree Emerging Markets SmallCap Dividend Index is comprised of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.
The WisdomTree Europe Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree Europe Dividend Index.
The WisdomTree Global ex-U.S. Quality Dividend Growth Index is comprised of growth companies selected from developed and emerging markets outside the U.S.
The WisdomTree Global ex-U.S. Real Estate Index is comprised of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.
The WisdomTree Global High Dividend Index is comprised of high dividend-paying companies selected from the WisdomTree Global Dividend Index.
The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.
The WisdomTree International Real Estate Index is comprised of companies in developed markets outside of the U.S. and Canada that pay regular cash dividends and that WisdomTree Investments classifies as being part of the International Real Estate sector.
The WisdomTree Japan Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree Japan Dividend Index.
The WisdomTree Middle East Dividend Index is comprised of companies in the Middle East region that pay regular cash dividends on shares of common stock and that meet specified requirements as of the index measurement date.
The WisdomTree Pacific ex-Japan Dividend Index is comprised of dividend-paying companies incorporated in the Pacific region, excluding Japan.
The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 17 |
Table of Contents
Description of Indexes (unaudited) (concluded )
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.
18 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
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 October 1, 2017 to March 31, 2018.
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 10/1/17 to 3/31/18” 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.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 19 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
Beginning Account Value 10/1/17 | Ending Account Value 3/31/18 | Annualized Expense Ratio Based on the Period 10/1/17 to 3/31/18 | Expenses Paid During the Period† 10/1/17 to 3/31/18 | |||||||||||||
WisdomTree Asia Pacific ex-Japan Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,047.20 | 0.49 | % | $ | 2.50 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.49 | 0.49 | % | $ | 2.47 | ||||||||
WisdomTree China ex-State-Owned Enterprises Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,118.40 | 0.32 | %1 | $ | 1.69 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.34 | 0.32 | %1 | $ | 1.61 | ||||||||
WisdomTree Emerging Markets Consumer Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,056.20 | 0.32 | %1 | $ | 1.64 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.34 | 0.32 | %1 | $ | 1.61 | ||||||||
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,091.80 | 0.32 | %1 | $ | 1.67 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.34 | 0.32 | %1 | $ | 1.61 | ||||||||
WisdomTree Emerging Markets High Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,114.20 | 0.63 | % | $ | 3.32 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,021.79 | 0.63 | % | $ | 3.18 | ||||||||
WisdomTree Emerging Markets Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,060.70 | 0.32 | %1 | $ | 1.64 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.34 | 0.32 | %1 | $ | 1.61 | ||||||||
WisdomTree Emerging Markets SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,101.10 | 0.63 | % | $ | 3.30 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,021.79 | 0.63 | % | $ | 3.18 | ||||||||
WisdomTree Global ex-U.S. Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,051.70 | 0.58 | % | $ | 2.97 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Global ex-U.S. Real Estate Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,049.20 | 0.58 | % | $ | 2.96 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree Global High Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,000.80 | 0.58 | % | $ | 2.89 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
WisdomTree India Earnings Fund (consolidated) | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,036.50 | 0.83 | % | $ | 4.21 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,020.79 | 0.83 | % | $ | 4.18 | ||||||||
WisdomTree Middle East Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,072.90 | 0.88 | % | $ | 4.55 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,020.54 | 0.88 | % | $ | 4.43 |
† | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). |
1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
20 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.4% | ||||||||
Australia – 20.7% | ||||||||
AGL Energy Ltd. | 11,341 | $ | 188,597 | |||||
Amcor Ltd. | 17,253 | 187,525 | ||||||
AMP Ltd. | 25,058 | 95,911 | ||||||
Aristocrat Leisure Ltd. | 2,700 | 49,829 | ||||||
Aurizon Holdings Ltd. | 37,771 | 122,553 | ||||||
Australia & New Zealand Banking Group Ltd. | 25,367 | 522,635 | ||||||
BHP Billiton Ltd. | 50,585 | 1,094,583 | ||||||
Brambles Ltd. | 18,093 | 138,505 | ||||||
Caltex Australia Ltd. | 4,146 | 99,858 | ||||||
CIMIC Group Ltd. | 3,893 | 132,793 | ||||||
Cochlear Ltd. | 300 | 41,793 | ||||||
Commonwealth Bank of Australia | 14,996 | 831,759 | ||||||
CSL Ltd. | 2,414 | 287,859 | ||||||
Fortescue Metals Group Ltd. | 114,057 | 378,821 | ||||||
Insurance Australia Group Ltd. | 15,347 | 88,054 | ||||||
Macquarie Group Ltd. | 2,589 | 204,348 | ||||||
Medibank Pvt Ltd. | 13,000 | 28,918 | ||||||
National Australia Bank Ltd. | 25,921 | 566,458 | ||||||
Newcrest Mining Ltd. | 2,600 | 39,009 | ||||||
Qantas Airways Ltd. | 13,000 | 58,135 | ||||||
QBE Insurance Group Ltd. | 11,422 | 84,371 | ||||||
Ramsay Health Care Ltd. | 1,715 | 81,981 | ||||||
REA Group Ltd. | 1,320 | 80,201 | ||||||
Rio Tinto Ltd. | 7,479 | 417,063 | ||||||
Sonic Healthcare Ltd. | 6,147 | 107,880 | ||||||
South32 Ltd. | 82,102 | 202,784 | ||||||
Suncorp Group Ltd. | 10,064 | 102,979 | ||||||
Telstra Corp., Ltd. | 408,909 | 984,872 | ||||||
Treasury Wine Estates Ltd. | 5,817 | 75,228 | ||||||
Wesfarmers Ltd. | 22,717 | 724,186 | ||||||
Westpac Banking Corp. | 29,604 | 649,896 | ||||||
Woodside Petroleum Ltd. | 14,203 | 318,553 | ||||||
Woolworths Group Ltd. | 15,960 | 321,845 | ||||||
|
| |||||||
Total Australia | 9,309,782 | |||||||
China – 25.8% | ||||||||
AAC Technologies Holdings, Inc. | 4,900 | 88,407 | ||||||
Agricultural Bank of China Ltd. Class H | 256,900 | 145,990 | ||||||
ANTA Sports Products Ltd. | 17,000 | 85,777 | ||||||
Bank of China Ltd. Class H | 696,055 | 374,266 | ||||||
Bank of Communications Co., Ltd. Class H | 243,955 | 191,166 | ||||||
Beijing Enterprises Holdings Ltd. | 11,900 | 62,166 | ||||||
Beijing Enterprises Water Group Ltd.* | 48,500 | 27,067 | ||||||
China CITIC Bank Corp., Ltd. Class H | 90,800 | 62,012 | ||||||
China Construction Bank Corp. Class H | 1,030,400 | 1,058,194 | ||||||
China Gas Holdings Ltd. | 8,900 | 32,376 | ||||||
China Life Insurance Co., Ltd. Class H | 26,396 | 72,647 | ||||||
China Merchants Bank Co., Ltd. Class H | 29,204 | 119,632 | ||||||
China Minsheng Banking Corp., Ltd. Class H | 59,000 | 57,359 | ||||||
China Mobile Ltd. | 355,134 | 3,255,723 | ||||||
China Overseas Land & Investment Ltd. | 61,565 | 213,759 | ||||||
China Pacific Insurance Group Co., Ltd. Class H | 20,200 | 90,469 | ||||||
China Petroleum & Chemical Corp. Class H | 651,161 | 571,652 | ||||||
China Resources Beer Holdings Co., Ltd. | 10,300 | 44,621 | ||||||
China Resources Land Ltd. | 26,300 | 95,672 | ||||||
China Resources Pharmaceutical Group Ltd.(a) | 47,000 | 65,874 | ||||||
China Resources Power Holdings Co., Ltd. | 140,418 | 256,207 | ||||||
China Shenhua Energy Co., Ltd. Class H | 44,036 | 109,413 | ||||||
China State Construction International Holdings Ltd. | 35,700 | 43,577 | ||||||
China Telecom Corp., Ltd. Class H | 143,038 | 63,060 | ||||||
CITIC Ltd. | 400,400 | 560,171 | ||||||
CNOOC Ltd. | 928,061 | 1,366,969 | ||||||
Country Garden Holdings Co., Ltd. | 41,000 | 84,421 | ||||||
CSPC Pharmaceutical Group Ltd. | 35,300 | 93,779 | ||||||
Dali Foods Group Co., Ltd.(a) | 79,500 | 65,437 | ||||||
ENN Energy Holdings Ltd. | 4,900 | 43,766 | ||||||
Fosun International Ltd. | 51,500 | 111,553 | ||||||
Geely Automobile Holdings Ltd. | 10,800 | 31,100 | ||||||
Guangdong Investment Ltd. | 121,500 | 191,036 | ||||||
Hengan International Group Co., Ltd. | 13,600 | 125,979 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 648,270 | 555,898 | ||||||
PetroChina Co., Ltd. Class H | 241,419 | 165,800 | ||||||
PICC Property & Casualty Co., Ltd. Class H | 19,000 | 33,263 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 22,646 | 230,260 | ||||||
Shenzhou International Group Holdings Ltd. | 11,000 | 115,840 | ||||||
Sun Art Retail Group Ltd. | 137,425 | 159,868 | ||||||
Tencent Holdings Ltd. | 5,400 | 281,824 | ||||||
Want Want China Holdings Ltd. | 98,800 | 79,183 | ||||||
WH Group Ltd.(a) | 112,000 | 119,302 | ||||||
|
| |||||||
Total China | 11,602,535 | |||||||
Hong Kong – 8.4% | ||||||||
AIA Group Ltd. | 32,925 | 278,560 | ||||||
Bank of East Asia Ltd. (The) | 11,000 | 43,869 | ||||||
BOC Hong Kong Holdings Ltd. | 64,389 | 313,400 | ||||||
Chow Tai Fook Jewellery Group Ltd. | 29,400 | 33,490 | ||||||
CLP Holdings Ltd. | 40,104 | 408,281 | ||||||
Galaxy Entertainment Group Ltd. | 22,000 | 199,725 | ||||||
Hang Lung Properties Ltd. | 41,000 | 95,496 | ||||||
Hang Seng Bank Ltd. | 11,703 | 270,793 | ||||||
Henderson Land Development Co., Ltd. | 20,476 | 133,319 | ||||||
Hong Kong & China Gas Co., Ltd. | 130,314 | 267,658 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 5,835 | 189,734 | ||||||
MTR Corp., Ltd. | 62,265 | 334,797 | ||||||
New World Development Co., Ltd. | 79,806 | 112,668 | ||||||
Power Assets Holdings Ltd. | 41,079 | 366,127 | ||||||
Sino Land Co., Ltd. | 38,924 | 62,986 | ||||||
Sun Hung Kai Properties Ltd. | 15,534 | 245,431 | ||||||
Swire Pacific Ltd. Class A | 9,500 | 95,807 | ||||||
Swire Properties Ltd. | 34,600 | 121,236 | ||||||
Techtronic Industries Co., Ltd. | 11,000 | 64,122 | ||||||
Wharf Holdings Ltd. (The) | 19,350 | 66,445 | ||||||
Wheelock & Co., Ltd. | 9,000 | 65,766 | ||||||
|
| |||||||
Total Hong Kong | 3,769,710 | |||||||
India – 5.7% | ||||||||
Ambuja Cements Ltd. | 10,157 | 36,277 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 21 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
March 31, 2018
Investments | Shares | Value | ||||||
Asian Paints Ltd. | 2,045 | $ | 35,130 | |||||
Axis Bank Ltd. GDR Reg S | 1,484 | 58,915 | ||||||
Bharat Petroleum Corp., Ltd. | 8,468 | 55,498 | ||||||
Bharti Airtel Ltd. | 6,651 | 40,657 | ||||||
Bharti Infratel Ltd. | 12,579 | 64,832 | ||||||
Coal India Ltd. | 44,382 | 192,780 | ||||||
HCL Technologies Ltd. | 6,584 | 97,778 | ||||||
Hero MotoCorp Ltd. | 1,109 | 60,240 | ||||||
Hindustan Petroleum Corp., Ltd. | 13,276 | 70,195 | ||||||
Hindustan Unilever Ltd. | 6,625 | 135,437 | ||||||
Indian Oil Corp., Ltd. | 45,268 | 122,572 | ||||||
IndusInd Bank Ltd. | 1,199 | 33,030 | ||||||
Infosys Ltd. | 440 | 7,635 | ||||||
Infosys Ltd. ADR | 25,460 | 454,461 | ||||||
ITC Ltd. | 24,464 | 95,835 | ||||||
Larsen & Toubro Ltd. GDR Reg S | 3,160 | 63,516 | ||||||
Maruti Suzuki India Ltd. | 545 | 74,044 | ||||||
NTPC Ltd. | 26,335 | 68,521 | ||||||
Oil & Natural Gas Corp., Ltd. | 52,551 | 143,259 | ||||||
Power Grid Corp. of India Ltd. | 16,721 | 49,544 | ||||||
Reliance Industries Ltd. GDR(a) | 4,776 | 129,430 | ||||||
Tata Consultancy Services Ltd. | 4,024 | 175,785 | ||||||
Tech Mahindra Ltd. | 6,101 | 59,746 | ||||||
Vedanta Ltd. ADR | 10,000 | 175,700 | ||||||
Wipro Ltd. | 8,192 | 35,313 | ||||||
Yes Bank Ltd. | 7,399 | 34,583 | ||||||
|
| |||||||
Total India | 2,570,713 | |||||||
Indonesia – 1.5% | ||||||||
Astra International Tbk PT | 235,261 | 124,743 | ||||||
Bank Central Asia Tbk PT | 37,575 | 63,592 | ||||||
Bank Mandiri Persero Tbk PT | 108,648 | 60,568 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 369,500 | 96,619 | ||||||
Gudang Garam Tbk PT | 10,900 | 57,380 | ||||||
Hanjaya Mandala Sampoerna Tbk PT | 162,600 | 47,005 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 770,800 | 201,553 | ||||||
Unilever Indonesia Tbk PT | 35 | 126 | ||||||
|
| |||||||
Total Indonesia | 651,586 | |||||||
Malaysia – 2.0% | ||||||||
Axiata Group Bhd | 29,700 | 41,847 | ||||||
DiGi.Com Bhd | 62,800 | 75,334 | ||||||
Genting Malaysia Bhd | 30,040 | 38,055 | ||||||
Malayan Banking Bhd | 61,794 | 169,342 | ||||||
MISC Bhd | 42,200 | 76,916 | ||||||
Petronas Chemicals Group Bhd | 61,308 | 130,921 | ||||||
Petronas Gas Bhd | 14,600 | 67,338 | ||||||
Public Bank Bhd | 18,190 | 112,865 | ||||||
Sime Darby Bhd | 32,000 | 21,841 | ||||||
Tenaga Nasional Bhd | 44,100 | 185,156 | ||||||
|
| |||||||
Total Malaysia | 919,615 | |||||||
Philippines – 0.4% | ||||||||
PLDT, Inc. | 2,265 | 63,812 | ||||||
SM Investments Corp. | 3,764 | 66,151 | ||||||
Universal Robina Corp. | 16,660 | 48,533 | ||||||
|
| |||||||
Total Philippines | 178,496 | |||||||
Singapore – 5.7% | ||||||||
CapitaLand Ltd. | 43,900 | 119,517 | ||||||
DBS Group Holdings Ltd. | 15,617 | 327,513 | ||||||
Jardine Cycle & Carriage Ltd. | 4,578 | 120,446 | ||||||
Keppel Corp., Ltd. | 30,584 | 181,223 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 29,101 | 284,508 | ||||||
Singapore Airlines Ltd. | 14,757 | 121,990 | ||||||
Singapore Technologies Engineering Ltd. | 53,425 | 146,264 | ||||||
Singapore Telecommunications Ltd. | 344,077 | 884,267 | ||||||
United Overseas Bank Ltd. | 11,398 | 239,034 | ||||||
Wilmar International Ltd. | 61,100 | 148,172 | ||||||
|
| |||||||
Total Singapore | 2,572,934 | |||||||
South Korea – 10.0% | ||||||||
Hana Financial Group, Inc. | 1,184 | 50,819 | ||||||
Hyundai Motor Co. | 2,007 | 270,198 | ||||||
Kangwon Land, Inc. | 2,467 | 65,268 | ||||||
KB Financial Group, Inc. | 1,456 | 82,915 | ||||||
Kia Motors Corp. | 4,352 | 126,571 | ||||||
Korea Electric Power Corp. | 7,185 | 221,435 | ||||||
Korea Zinc Co., Ltd. | 92 | 41,344 | ||||||
KT&G Corp. | 1,943 | 182,287 | ||||||
LG Chem Ltd. | 360 | 130,200 | ||||||
LG Corp. | 1,356 | 109,533 | ||||||
LG Display Co., Ltd. | 2,438 | 59,812 | ||||||
LG Household & Health Care Ltd. | 61 | 69,132 | ||||||
NCSoft Corp. | 94 | 37,039 | ||||||
POSCO | 1,195 | 364,924 | ||||||
S-Oil Corp. | 1,208 | 135,998 | ||||||
Samsung Electronics Co., Ltd. | 766 | 1,768,577 | ||||||
Samsung Life Insurance Co., Ltd. | 444 | 48,320 | ||||||
Shinhan Financial Group Co., Ltd. | 2,723 | 116,748 | ||||||
SK Holdings Co., Ltd. | 302 | 83,865 | ||||||
SK Hynix, Inc. | 2,054 | 156,666 | ||||||
SK Innovation Co., Ltd. | 1,039 | 205,675 | ||||||
SK Telecom Co., Ltd. | 443 | 97,045 | ||||||
SK Telecom Co., Ltd. ADR | 3,377 | 81,622 | ||||||
|
| |||||||
Total South Korea | 4,505,993 | |||||||
Taiwan – 16.6% | ||||||||
Advanced Semiconductor Engineering, Inc. | 119,053 | 171,493 | ||||||
Catcher Technology Co., Ltd. | 10,000 | 122,098 | ||||||
Cathay Financial Holding Co., Ltd. | 81,614 | 146,954 | ||||||
Cheng Shin Rubber Industry Co., Ltd.(b) | 57,948 | 93,509 | ||||||
China Steel Corp. | 190,078 | 152,873 | ||||||
Chunghwa Telecom Co., Ltd. | 96,436 | 373,745 | ||||||
CTBC Financial Holding Co., Ltd. | 139,389 | 101,350 | ||||||
Delta Electronics, Inc. | 32,415 | 145,082 | ||||||
Far EasTone Telecommunications Co., Ltd. | 46,000 | 123,373 | ||||||
First Financial Holding Co., Ltd. | 97,619 | 67,965 | ||||||
Formosa Chemicals & Fibre Corp. | 98,685 | 367,230 | ||||||
Formosa Petrochemical Corp. | 52,511 | 213,415 | ||||||
Formosa Plastics Corp. | 107,444 | 383,242 |
See Notes to Financial Statements.
22 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
March 31, 2018
Investments | Shares | Value | ||||||
Fubon Financial Holding Co., Ltd. | 65,803 | $ | 113,294 | |||||
Hon Hai Precision Industry Co., Ltd. | 301,532 | 915,238 | ||||||
Largan Precision Co., Ltd. | 1,000 | 114,895 | ||||||
MediaTek, Inc. | 21,000 | 245,241 | ||||||
Mega Financial Holding Co., Ltd. | 137,827 | 119,122 | ||||||
Nan Ya Plastics Corp. | 153,537 | 429,695 | ||||||
Pegatron Corp. | 56,000 | 140,206 | ||||||
President Chain Store Corp. | 11,000 | 110,917 | ||||||
Quanta Computer, Inc. | 74,000 | 149,995 | ||||||
Taiwan Mobile Co., Ltd. | 46,100 | 173,921 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 267,241 | 2,268,483 | ||||||
Uni-President Enterprises Corp. | 71,346 | 168,840 | ||||||
United Microelectronics Corp. | 143,000 | 76,019 | ||||||
|
| |||||||
Total Taiwan | 7,488,195 | |||||||
Thailand – 2.6% | ||||||||
Advanced Info Service PCL NVDR | 28,800 | 191,570 | ||||||
Airports of Thailand PCL NVDR | 30,440 | 65,708 | ||||||
Charoen Pokphand Foods PCL NVDR | 68,900 | 55,636 | ||||||
CP ALL PCL | 37,500 | 105,532 | ||||||
Kasikornbank PCL NVDR | 6,600 | 44,746 | ||||||
PTT Exploration & Production PCL | 21,913 | 80,238 | ||||||
PTT Global Chemical PCL | 44,594 | 134,766 | ||||||
PTT PCL | 13,000 | 229,485 | ||||||
PTT PCL NVDR | 6,800 | 120,038 | ||||||
Siam Cement PCL (The) NVDR | 5,871 | 93,876 | ||||||
Siam Commercial Bank PCL (The) | 14,900 | 67,901 | ||||||
|
| |||||||
Total Thailand | 1,189,496 | |||||||
TOTAL COMMON STOCKS (Cost: $39,990,801) | 44,759,055 | |||||||
EXCHANGE-TRADED FUND – 0.2% | ||||||||
United States – 0.2% | ||||||||
WisdomTree Global ex-U.S. Real Estate Fund(c) (Cost: $109,795) | 3,454 | 111,132 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.6% (Cost: $40,100,596) | 44,870,187 | |||||||
Other Assets less Liabilities – 0.4% | 180,744 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 45,050,931 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(b) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). At March 31, 2018, the total market value of the Fund’s securities on loan was $32,274 and the total market value of the collateral held by the Fund was $35,066. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $35,066. |
(c) | Affiliated company (See Note 3). |
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 | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Morgan Stanley & Co. International | 4/4/2018 | 19,970 | USD | 26,000 | AUD | $ | 27 | $ | — |
CURRENCY LEGEND |
AUD – Australian dollar
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 23 |
Table of Contents
Schedule of Investments
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
China – 99.8% | ||||||||
Air Freight & Logistics – 0.4% | ||||||||
ZTO Express Cayman, Inc. ADR(a) | 63,146 | $ | 946,558 | |||||
Auto Components – 1.7% | ||||||||
China First Capital Group Ltd.* | 656,000 | 308,442 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class A | 261,367 | 1,028,854 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(b) | 141,600 | 545,799 | ||||||
Minth Group Ltd. | 140,000 | 637,746 | ||||||
Xinyi Glass Holdings Ltd.* | 788,000 | 1,186,827 | ||||||
|
| |||||||
Total Auto Components | 3,707,668 | |||||||
Automobiles – 3.0% | ||||||||
BYD Co., Ltd. Class A | 98,500 | 881,295 | ||||||
BYD Co., Ltd. Class H(a) | 172,500 | 1,345,192 | ||||||
Geely Automobile Holdings Ltd. | 1,264,000 | 3,639,983 | ||||||
Great Wall Motor Co., Ltd. Class H(a) | 609,000 | 610,711 | ||||||
|
| |||||||
Total Automobiles | 6,477,181 | |||||||
Banks – 4.3% | ||||||||
China Minsheng Banking Corp., Ltd. Class A | 4,176,930 | 5,303,722 | ||||||
China Minsheng Banking Corp., Ltd. Class H | 2,111,000 | 2,052,374 | ||||||
Ping An Bank Co., Ltd. Class A | 1,062,900 | 1,841,178 | ||||||
|
| |||||||
Total Banks | 9,197,274 | |||||||
Biotechnology – 0.5% | ||||||||
3SBio, Inc.*(a)(b) | 287,000 | 646,559 | ||||||
China Biologic Products Holdings, Inc.* | 4,570 | 370,170 | ||||||
|
| |||||||
Total Biotechnology | 1,016,729 | |||||||
Capital Markets – 0.6% | ||||||||
Anxin Trust Co., Ltd. Class A | 208,000 | 387,737 | ||||||
Pacific Securities Co., Ltd. (The) Class A | 1,057,900 | 484,188 | ||||||
Sinolink Securities Co., Ltd. Class A | 316,600 | 424,146 | ||||||
|
| |||||||
Total Capital Markets | 1,296,071 | |||||||
Chemicals – 1.3% | ||||||||
Huabao International Holdings Ltd. | 295,000 | 195,465 | ||||||
Kangde Xin Composite Material Group Co., Ltd. Class A† | 341,800 | 1,073,879 | ||||||
Tianqi Lithium Corp. Class A | 89,620 | 838,875 | ||||||
Zhejiang Longsheng Group Co., Ltd. Class A | 375,800 | 666,496 | ||||||
|
| |||||||
Total Chemicals | 2,774,715 | |||||||
Commercial Services & Supplies – 0.3% | ||||||||
Beijing Originwater Technology Co., Ltd. Class A | 206,900 | 595,793 | ||||||
Communications Equipment – 1.2% | ||||||||
BYD Electronic International Co., Ltd.(a) | 71,000 | 133,171 | ||||||
Hengtong Optic-electric Co., Ltd. Class A | 69,600 | 417,323 | ||||||
Shenzhen Sunway Communication Co., Ltd. Class A | 58,900 | 349,235 | ||||||
ZTE Corp. Class A* | 217,200 | 1,040,696 | ||||||
ZTE Corp. Class H* | 214,600 | 698,658 | ||||||
|
| |||||||
Total Communications Equipment | 2,639,083 | |||||||
Construction & Engineering – 0.2% | ||||||||
Beijing Orient Landscape & Environment Co., Ltd. Class A | 157,700 | 519,276 | ||||||
Diversified Consumer Services – 2.7% | ||||||||
New Oriental Education & Technology Group, Inc. ADR | 34,989 | 3,066,786 | ||||||
TAL Education Group ADR | 74,825 | 2,775,259 | ||||||
|
| |||||||
Total Diversified Consumer Services | 5,842,045 | |||||||
Diversified Telecommunication Services – 0.3% | ||||||||
Dr Peng Telecom & Media Group Co., Ltd. Class A | 239,692 | 572,899 | ||||||
Electrical Equipment – 1.3% | ||||||||
China High Speed Transmission Equipment Group Co., Ltd.(a) | 115,000 | 180,824 | ||||||
Fangda Carbon New Material Co., Ltd. Class A | 135,800 | 571,903 | ||||||
Jiangsu Zhongtian Technology Co., Ltd. Class A | 335,600 | 654,933 | ||||||
Luxshare Precision Industry Co., Ltd. Class A | 147,735 | 567,697 | ||||||
TBEA Co., Ltd. Class A | 569,775 | 798,636 | ||||||
|
| |||||||
Total Electrical Equipment | 2,773,993 | |||||||
Electronic Equipment, Instruments & Components – 2.8% | ||||||||
AAC Technologies Holdings, Inc. | 109,500 | 1,975,701 | ||||||
Chaozhou Three-Circle Group Co., Ltd. Class A | 120,938 | 463,764 | ||||||
GoerTek, Inc. Class A | 168,400 | 359,146 | ||||||
Kingboard Laminates Holdings Ltd. | 168,500 | 244,335 | ||||||
O-film Tech Co., Ltd. Class A | 148,500 | 478,126 | ||||||
Sunny Optical Technology Group Co., Ltd. | 113,700 | 2,099,291 | ||||||
Zhejiang Dahua Technology Co., Ltd. Class A | 117,800 | 479,624 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 6,099,987 | |||||||
Food & Staples Retailing – 0.6% | ||||||||
Sun Art Retail Group Ltd. | 447,000 | 520,022 | ||||||
Yonghui Superstores Co., Ltd. Class A | 515,546 | 806,194 | ||||||
|
| |||||||
Total Food & Staples Retailing | 1,326,216 | |||||||
Food Products – 2.6% | ||||||||
Dali Foods Group Co., Ltd.(b) | 585,500 | 481,951 | ||||||
Henan Shuanghui Investment & Development Co., Ltd. Class A | 138,700 | 564,278 | ||||||
Tingyi Cayman Islands Holding Corp. | 534,000 | 1,107,744 | ||||||
Uni-President China Holdings Ltd. | 432,000 | 373,764 | ||||||
Want Want China Holdings Ltd. | 1,512,000 | 1,211,843 | ||||||
WH Group Ltd.(b) | 1,873,500 | 1,995,739 | ||||||
|
| |||||||
Total Food Products | 5,735,319 | |||||||
Gas Utilities – 0.8% | ||||||||
ENN Energy Holdings Ltd. | 202,000 | 1,804,318 | ||||||
Health Care Equipment & Supplies – 0.2% | ||||||||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 548,000 | 365,196 | ||||||
Hotels, Restaurants & Leisure – 2.6% | ||||||||
China Lodging Group Ltd. ADR | 7,721 | 1,016,933 | ||||||
MGM China Holdings Ltd. | 250,000 | 645,073 | ||||||
Yum China Holdings, Inc. | 93,391 | 3,875,726 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 5,537,732 | |||||||
Household Durables – 2.5% | ||||||||
Midea Group Co., Ltd. Class A | 563,800 | 4,885,819 | ||||||
Skyworth Digital Holdings Ltd. | 646,000 | 290,570 |
See Notes to Financial Statements.
24 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
March 31, 2018
Investments | Shares | Value | ||||||
Suofeiya Home Collection Co., Ltd. Class A | 59,500 | $ | 324,047 | |||||
|
| |||||||
Total Household Durables | 5,500,436 | |||||||
Industrial Conglomerates – 0.6% | ||||||||
Fosun International Ltd. | 564,000 | 1,221,720 | ||||||
Insurance – 11.1% | ||||||||
Ping An Insurance Group Co. of China Ltd. Class A | 1,235,494 | 12,823,220 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 1,096,000 | 11,144,414 | ||||||
|
| |||||||
Total Insurance | 23,967,634 | |||||||
Internet & Catalog Retail – 6.7% | ||||||||
Ctrip.com International Ltd. ADR* | 105,886 | 4,936,405 | ||||||
JD.com, Inc. ADR* | 197,766 | 8,007,545 | ||||||
Vipshop Holdings Ltd. ADR* | 96,006 | 1,595,620 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 14,539,570 | |||||||
Internet Software & Services – 27.5% | ||||||||
58.com, Inc. ADR* | 16,045 | 1,281,354 | ||||||
Alibaba Group Holding Ltd. ADR* | 105,700 | 19,400,178 | ||||||
Autohome, Inc. ADR | 10,946 | 940,699 | ||||||
Baidu, Inc. ADR* | 46,074 | 10,283,256 | ||||||
Bitauto Holdings Ltd. ADR*(a) | 460 | 9,729 | ||||||
East Money Information Co., Ltd. Class A | 187,400 | 504,201 | ||||||
Momo, Inc. ADR* | 9,144 | 341,803 | ||||||
NetEase, Inc. ADR | 13,033 | 3,654,323 | ||||||
Sohu.com, Inc.* | 270 | 8,348 | ||||||
Tencent Holdings Ltd. | 407,800 | 21,283,887 | ||||||
Weibo Corp. ADR* | 8,834 | 1,056,016 | ||||||
YY, Inc. ADR* | 6,520 | 685,904 | ||||||
|
| |||||||
Total Internet Software & Services | 59,449,698 | |||||||
IT Services – 0.2% | ||||||||
Chinasoft International Ltd.*(a) | 394,000 | 353,437 | ||||||
Machinery – 2.4% | ||||||||
China Conch Venture Holdings Ltd. | 547,863 | 1,671,942 | ||||||
Haitian International Holdings Ltd. | 165,000 | 500,386 | ||||||
Han’s Laser Technology Industry Group Co., Ltd. Class A | 127,800 | 1,110,951 | ||||||
Sany Heavy Industry Co., Ltd. Class A | 420,400 | 525,124 | ||||||
Shenzhen Inovance Technology Co., Ltd. Class A | 128,600 | 722,653 | ||||||
Zhengzhou Yutong Bus Co., Ltd. Class A | 178,300 | 633,578 | ||||||
|
| |||||||
Total Machinery | 5,164,634 | |||||||
Marine – 0.2% | ||||||||
SITC International Holdings Co., Ltd. | 347,000 | 344,880 | ||||||
Media – 0.4% | ||||||||
Alibaba Pictures Group Ltd.*(a) | 4,390,000 | 570,570 | ||||||
China Media Group Class A† | 274,900 | 366,970 | ||||||
|
| |||||||
Total Media | 937,540 | |||||||
Metals & Mining – 0.6% | ||||||||
GEM Co., Ltd. Class A | 455,912 | 537,603 | ||||||
Jiangxi Ganfeng Lithium Co., Ltd. Class A | 64,600 | 794,398 | ||||||
|
| |||||||
Total Metals & Mining | 1,332,001 | |||||||
Multiline Retail – 0.1% | ||||||||
Nanjing Xinjiekou Department Store Co., Ltd. Class A† | 52,700 | 278,722 | ||||||
Paper & Forest Products – 0.3% | ||||||||
Nine Dragons Paper Holdings Ltd. | 419,000 | 626,795 | ||||||
Personal Products – 0.8% | ||||||||
Hengan International Group Co., Ltd. | 183,500 | 1,699,864 | ||||||
Pharmaceuticals – 6.3% | ||||||||
China Medical System Holdings Ltd. | 366,000 | 831,060 | ||||||
CSPC Pharmaceutical Group Ltd. | 1,222,000 | 3,246,542 | ||||||
Jiangsu Hengrui Medicine Co., Ltd. Class A | 177,520 | 2,454,671 | ||||||
Kangmei Pharmaceutical Co., Ltd. Class A | 405,751 | 1,448,903 | ||||||
Luye Pharma Group Ltd.(a) | 322,607 | 308,715 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A | 138,600 | 979,947 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 99,000 | 608,031 | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. | 1,130,000 | 334,049 | ||||||
Sino Biopharmaceutical Ltd. | 1,216,000 | 2,386,152 | ||||||
Tasly Pharmaceutical Group Co., Ltd. Class A | 60,800 | 439,828 | ||||||
Tonghua Dongbao Pharmaceutical Co., Ltd. Class A | 157,823 | 670,669 | ||||||
|
| |||||||
Total Pharmaceuticals | 13,708,567 | |||||||
Professional Services – 0.2% | ||||||||
51job, Inc. ADR* | 4,166 | 358,443 | ||||||
Real Estate Management & Development – 8.1% | ||||||||
Agile Group Holdings Ltd. | 378,000 | 781,244 | ||||||
China Evergrande Group*(a) | 986,000 | 3,103,256 | ||||||
China Fortune Land Development Co., Ltd. Class A | 153,600 | 800,892 | ||||||
CIFI Holdings Group Co., Ltd. | 980,000 | 855,383 | ||||||
Country Garden Holdings Co., Ltd. | 1,954,000 | 4,023,553 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 335,200 | 836,297 | ||||||
KWG Property Holding Ltd. | 354,000 | 482,648 | ||||||
Logan Property Holdings Co., Ltd.(a) | 324,000 | 492,939 | ||||||
Longfor Properties Co., Ltd. | 434,500 | 1,328,755 | ||||||
Red Star Macalline Group Corp., Ltd. Class H(b) | 234,800 | 274,952 | ||||||
Shimao Property Holdings Ltd. | 235,500 | 666,174 | ||||||
SOHO China Ltd. | 894,500 | 468,453 | ||||||
Sunac China Holdings Ltd.(a) | 576,000 | 2,223,867 | ||||||
Zall Group Ltd.*(a) | 786,000 | 1,115,710 | ||||||
Zhongtian Financial Group Co., Ltd. Class A† | 49,100 | 57,352 | ||||||
|
| |||||||
Total Real Estate Management & Development | 17,511,475 | |||||||
Semiconductors & Semiconductor Equipment – 0.8% | ||||||||
GCL-Poly Energy Holdings Ltd.* | 1,358,000 | 167,848 | ||||||
Hanergy Thin Film Power Group Ltd.*† | 502,000 | 0 | ||||||
LONGi Green Energy Technology Co., Ltd. Class A | 98,537 | 536,649 | ||||||
Sanan Optoelectronics Co., Ltd. Class A | 188,140 | 697,546 | ||||||
Xinyi Solar Holdings Ltd. | 596,000 | 240,740 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 1,642,783 | |||||||
Software – 0.8% | ||||||||
Hundsun Technologies, Inc. Class A | 32,500 | 308,757 | ||||||
Iflytek Co., Ltd. Class A | 83,400 | 806,233 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 25 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
March 31, 2018
Investments | Shares | Value | ||||||
Kingsoft Corp., Ltd. | 188,000 | $ | 596,487 | |||||
|
| |||||||
Total Software | 1,711,477 | |||||||
Specialty Retail – 0.8% | ||||||||
GOME Retail Holdings Ltd.(a) | 4,489,000 | 486,197 | ||||||
Suning.com Co., Ltd. Class A | 375,600 | 839,840 | ||||||
Zhongsheng Group Holdings Ltd. | 136,000 | 371,715 | ||||||
|
| |||||||
Total Specialty Retail | 1,697,752 | |||||||
Technology Hardware, Storage & Peripherals – 0.2% | ||||||||
Meitu, Inc.*(b) | 314,500 | 360,267 | ||||||
Textiles, Apparel & Luxury Goods – 1.8% | ||||||||
ANTA Sports Products Ltd. | 296,000 | 1,493,587 | ||||||
Li Ning Co., Ltd.* | 462,500 | 473,818 | ||||||
Shenzhou International Group Holdings Ltd. | 183,000 | 1,927,249 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 3,894,654 | |||||||
TOTAL COMMON STOCKS (Cost: $200,660,917) | 215,530,402 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6% | ||||||||
United States – 1.6% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $3,452,217)(d) | 3,452,217 | 3,452,217 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.4% (Cost: $204,113,134) | 218,982,619 | |||||||
Other Assets less Liabilities – (1.4)% | (3,055,043 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 215,927,576 |
* | 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 $1,776,923, which represents 0.82% of net assets. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $9,973,550 and the total market value of the collateral held by the Fund was $10,474,782. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,022,565. |
ADR | – American Depositary Receipt |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date | Amount and Description of | Amount and Description of | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/4/2018 | 30,091,603 | HKD | 3,834,327 | USD | $ | — | $ | — | |||||||||||||||||||
JP Morgan Chase Bank N.A. | 4/4/2018 | 3,049,153 | USD | 23,929,600 | HKD | — | — | |||||||||||||||||||||
$ | — | $ | — |
CURRENCY LEGEND |
HKD – Hong Kong dollar
USD – U.S. dollar
See Notes to Financial Statements.
26 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.5% | ||||||||
Brazil – 5.2% | ||||||||
AES Tiete Energia S.A. | 14,425 | $ | 52,690 | |||||
CCR S.A. | 108,982 | 409,879 | ||||||
Cia Hering | 17,268 | 107,237 | ||||||
Engie Brasil Energia S.A. | 20,598 | 242,694 | ||||||
Estacio Participacoes S.A. | 41,016 | 431,559 | ||||||
Grendene S.A. | 18,733 | 154,211 | ||||||
Guararapes Confeccoes S.A. | 1,939 | 87,814 | ||||||
M. Dias Branco S.A. | 17,288 | 265,333 | ||||||
MRV Engenharia e Participacoes S.A. | 67,719 | 331,097 | ||||||
Multiplus S.A. | 8,963 | 83,195 | ||||||
Natura Cosmeticos S.A. | 22,157 | 213,330 | ||||||
Ser Educacional S.A.(a) | 5,456 | 32,848 | ||||||
Smiles Fidelidade S.A. | 8,247 | 172,453 | ||||||
Wiz Solucoes e Corretagem de Seguros S.A. | 6,165 | 20,590 | ||||||
|
| |||||||
Total Brazil | 2,604,930 | |||||||
China – 23.1% | ||||||||
ANTA Sports Products Ltd. | 30,289 | 152,829 | ||||||
BAIC Motor Corp., Ltd. Class H(a) | 233,787 | 286,563 | ||||||
Beijing Capital International Airport Co., Ltd. Class H | 60,000 | 80,578 | ||||||
Brilliance China Automotive Holdings Ltd. | 88,000 | 183,663 | ||||||
BYD Co., Ltd. Class H(b) | 35,052 | 273,331 | ||||||
China Cinda Asset Management Co., Ltd. Class H | 1,485,000 | 539,257 | ||||||
China Conch Venture Holdings Ltd. | 77,000 | 234,974 | ||||||
China Evergrande Group*(b) | 123,000 | 387,103 | ||||||
China Lesso Group Holdings Ltd. | 44,473 | 33,829 | ||||||
China Lilang Ltd. | 41,726 | 52,102 | ||||||
China Logistics Property Holdings Co., Ltd.*(b) | 69,000 | 21,452 | ||||||
China Maple Leaf Educational Systems Ltd. | 12,000 | 16,085 | ||||||
China Medical System Holdings Ltd. | 30,000 | 68,117 | ||||||
China Overseas Land & Investment Ltd. | 214,000 | 743,027 | ||||||
China Railway Signal & Communication Corp., Ltd. Class H(a) | 165,000 | 129,085 | ||||||
China SCE Property Holdings Ltd. | 126,000 | 65,181 | ||||||
China South City Holdings Ltd. | 312,182 | 70,405 | ||||||
China Yongda Automobiles Services Holdings Ltd.(b) | 35,251 | 37,549 | ||||||
CIFI Holdings Group Co., Ltd. | 201,432 | 175,810 | ||||||
Cogobuy Group(a)(b) | 36,000 | 18,256 | ||||||
CT Environmental Group Ltd.(b) | 124,000 | 22,277 | ||||||
Dali Foods Group Co., Ltd.(a) | 70,000 | 57,618 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(a) | 86,800 | 334,557 | ||||||
Geely Automobile Holdings Ltd. | 124,876 | 359,594 | ||||||
Golden Eagle Retail Group Ltd.(b) | 15,000 | 17,182 | ||||||
Great Wall Motor Co., Ltd. Class H(b) | 571,000 | 572,579 | ||||||
Guangzhou Automobile Group Co., Ltd. Class H | 318,000 | 585,895 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H | 32,000 | 98,671 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 165,200 | 412,142 | ||||||
Haier Electronics Group Co., Ltd.* | 51,000 | 181,625 | ||||||
Haitian International Holdings Ltd. | 11,000 | 33,358 | ||||||
Hisense Kelon Electrical Holdings Co., Ltd. Class H | 76,000 | 86,668 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 132,000 | 186,690 | ||||||
Kingboard Laminates Holdings Ltd. | 42,500 | 61,625 | ||||||
KWG Property Holding Ltd. | 82,328 | 112,242 | ||||||
Livzon Pharmaceutical Group, Inc. Class H | 4,070 | 32,775 | ||||||
Logan Property Holdings Co., Ltd.(b) | 82,126 | 124,942 | ||||||
Longfor Properties Co., Ltd. | 53,410 | 163,327 | ||||||
MGM China Holdings Ltd. | 28,060 | 72,400 | ||||||
Minth Group Ltd. | 21,077 | 96,008 | ||||||
NetEase, Inc. ADR | 1,476 | 413,856 | ||||||
PICC Property & Casualty Co., Ltd. Class H | 430,000 | 752,800 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 100,129 | 1,018,092 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 108,000 | 71,970 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 26,787 | 164,511 | ||||||
Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H | 178,000 | 72,803 | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. | 140,555 | 41,549 | ||||||
Sino-Ocean Group Holding Ltd. | 157,500 | 114,187 | ||||||
Sinopec Engineering Group Co., Ltd. Class H | 77,763 | 77,384 | ||||||
Skyworth Digital Holdings Ltd. | 152,000 | 68,366 | ||||||
Tianneng Power International Ltd. | 62,325 | 73,774 | ||||||
TravelSky Technology Ltd. Class H | 45,000 | 130,442 | ||||||
Vipshop Holdings Ltd. ADR* | 20,096 | 333,996 | ||||||
Xinhua Winshare Publishing and Media Co., Ltd. Class H | 101,000 | 80,689 | ||||||
Xinjiang Goldwind Science & Technology Co., Ltd. Class H(b) | 117,000 | 187,539 | ||||||
Xinyi Glass Holdings Ltd.* | 204,000 | 307,236 | ||||||
Xinyi Solar Holdings Ltd. | 166,000 | 67,049 | ||||||
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a) | 6,800 | 31,321 | ||||||
Yirendai Ltd. ADR(b) | 263 | 10,580 | ||||||
YY, Inc. ADR* | 1,212 | 127,502 | ||||||
Zhongsheng Group Holdings Ltd. | 35,000 | 95,658 | ||||||
Zhou Hei Ya International Holdings Co., Ltd.(a)(b) | 20,500 | 18,650 | ||||||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 26,000 | 125,887 | ||||||
|
| |||||||
Total China | 11,567,212 | |||||||
Hong Kong – 0.1% | ||||||||
Pou Sheng International Holdings Ltd. | 104,000 | 26,370 | ||||||
India – 6.0% | ||||||||
Apollo Tyres Ltd. | 45,735 | 194,274 | ||||||
Avanti Feeds Ltd. | 903 | 30,939 | ||||||
Bajaj Auto Ltd. | 8,442 | 355,261 | ||||||
Bajaj Corp., Ltd. | 6,446 | 46,654 | ||||||
Bajaj Holdings & Investment Ltd. | 3,362 | 137,348 | ||||||
Balrampur Chini Mills Ltd. | 55,752 | 64,666 | ||||||
Britannia Industries Ltd. | 1,514 | 115,383 | ||||||
Ceat Ltd. | 2,042 | 47,160 | ||||||
DB Corp., Ltd.* | 10,641 | 50,830 | ||||||
Dhampur Sugar Mills Ltd. | 6,875 | 14,352 | ||||||
Endurance Technologies Ltd.(a) | 2,018 | 39,135 | ||||||
Eros International Media Ltd.* | 7,977 | 20,327 | ||||||
Hero MotoCorp Ltd. | 13,010 | 706,695 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 27 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
March 31, 2018
Investments | Shares | Value | ||||||
InterGlobe Aviation Ltd.(a) | 3,455 | $ | 68,359 | |||||
Jagran Prakashan Ltd. | 19,419 | 51,464 | ||||||
KPR Mill Ltd. | 3,649 | 35,390 | ||||||
KRBL Ltd. | 5,742 | 38,398 | ||||||
Kwality Ltd. | 14,165 | 12,825 | ||||||
Minda Industries Ltd. | 1,936 | 31,660 | ||||||
Sun TV Network Ltd. | 7,719 | 100,432 | ||||||
Symphony Ltd. | 1,334 | 36,649 | ||||||
TV Today Network Ltd. | 3,299 | 24,714 | ||||||
Vardhman Textiles Ltd. | 5,824 | 109,137 | ||||||
VIP Industries Ltd. | 5,468 | 26,715 | ||||||
Zee Entertainment Enterprises Ltd. | 71,169 | 627,977 | ||||||
|
| |||||||
Total India | 2,986,744 | |||||||
Indonesia – 3.1% | ||||||||
Ace Hardware Indonesia Tbk PT | 730,700 | 70,589 | ||||||
Gudang Garam Tbk PT | 71,553 | 376,670 | ||||||
Japfa Comfeed Indonesia Tbk PT | 635,900 | 68,359 | ||||||
Matahari Department Store Tbk PT | 536,300 | 426,547 | ||||||
Media Nusantara Citra Tbk PT | 851,300 | 87,495 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 751,600 | 70,697 | ||||||
Ramayana Lestari Sentosa Tbk PT | 492,100 | 48,254 | ||||||
Sri Rejeki Isman Tbk PT | 2,781,200 | 67,472 | ||||||
Surya Citra Media Tbk PT | 789,100 | 155,327 | ||||||
Surya Semesta Internusa Tbk PT | 891,200 | 35,602 | ||||||
Tiga Pilar Sejahtera Food Tbk* | 538,700 | 25,042 | ||||||
Waskita Karya Persero Tbk PT | 638,600 | 114,570 | ||||||
|
| |||||||
Total Indonesia | 1,546,624 | |||||||
Malaysia – 1.0% | ||||||||
Astro Malaysia Holdings Bhd | 250,900 | 129,731 | ||||||
Berjaya Sports Toto Bhd | 181,200 | 102,124 | ||||||
Bermaz Auto Bhd | 84,549 | 47,215 | ||||||
Econpile Holdings Bhd | 60,000 | 15,279 | ||||||
Heineken Malaysia Bhd | 10,400 | 55,925 | ||||||
Matrix Concepts Holdings Bhd | 80,800 | 41,570 | ||||||
Padini Holdings Bhd | 50,500 | 58,360 | ||||||
SKP Resources Bhd | 64,200 | 26,224 | ||||||
UOA Development Bhd | 74,500 | 46,611 | ||||||
|
| |||||||
Total Malaysia | 523,039 | |||||||
Mexico – 12.9% | ||||||||
America Movil S.A.B. de C.V. Series L | 2,180,059 | 2,060,208 | ||||||
Coca-Cola Femsa S.A.B. de C.V. Series L | 84,432 | 556,127 | ||||||
El Puerto de Liverpool S.A.B. de C.V. Class C1 | 86,485 | 641,998 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 31,079 | 150,938 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 203,364 | 379,243 | ||||||
Megacable Holdings S.A.B. de C.V. Series CPO | 135,333 | 622,561 | ||||||
Qualitas Controladora S.A.B. de C.V. | 23,868 | 65,798 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. | 775,222 | 1,964,652 | ||||||
|
| |||||||
Total Mexico | 6,441,525 | |||||||
Philippines – 0.3% | ||||||||
Century Pacific Food, Inc. | 162,300 | 53,128 | ||||||
DMCI Holdings, Inc. | 392,966 | 91,581 | ||||||
|
| |||||||
Total Philippines | 144,709 | |||||||
Poland – 0.3% | ||||||||
CCC S.A. | 1,959 | 133,372 | ||||||
Russia – 2.8% | ||||||||
Magnit PJSC GDR Reg S | 37,018 | 682,427 | ||||||
Mobile TeleSystems PJSC ADR | 62,592 | 712,923 | ||||||
|
| |||||||
Total Russia | 1,395,350 | |||||||
South Africa – 14.8% | ||||||||
AVI Ltd. | 41,480 | 387,958 | ||||||
City Lodge Hotels Ltd. | 5,039 | 70,256 | ||||||
Dis-Chem Pharmacies Ltd.(a) | 20,874 | 60,779 | ||||||
Famous Brands Ltd.*(b) | 8,584 | 81,205 | ||||||
Foschini Group Ltd. (The) | 42,231 | 797,484 | ||||||
Hyprop Investments Ltd. | 37,229 | 340,029 | ||||||
Massmart Holdings Ltd. | 14,669 | 200,560 | ||||||
Metair Investments Ltd. | 38,324 | 74,392 | ||||||
Mr. Price Group Ltd. | 33,067 | 795,366 | ||||||
Oceana Group Ltd. | 9,767 | 68,005 | ||||||
Pick n Pay Stores Ltd. | 42,782 | 247,476 | ||||||
Raubex Group Ltd. | 22,743 | 38,965 | ||||||
Rhodes Food Group Pty Ltd.(b) | 24,491 | 38,962 | ||||||
RMB Holdings Ltd. | 104,381 | 679,649 | ||||||
Shoprite Holdings Ltd. | 53,562 | 1,141,782 | ||||||
Truworths International Ltd. | 98,843 | 897,022 | ||||||
Tsogo Sun Holdings Ltd. | 153,371 | 301,985 | ||||||
Woolworths Holdings Ltd. | 232,372 | 1,176,691 | ||||||
|
| |||||||
Total South Africa | 7,398,566 | |||||||
South Korea – 15.8% | ||||||||
BGF Co., Ltd. | 1,860 | 22,860 | ||||||
BGF retail Co., Ltd. | 994 | 157,600 | ||||||
CJ E&M Corp. | 7,130 | 612,060 | ||||||
Com2uS Corp. | 1,255 | 219,822 | ||||||
DB HiTek Co., Ltd. | 7,733 | 107,010 | ||||||
Dongwon Development Co., Ltd. | 12,909 | 56,679 | ||||||
Easy Bio, Inc. | 8,951 | 58,867 | ||||||
Grand Korea Leisure Co., Ltd. | 5,319 | 128,247 | ||||||
GS Retail Co., Ltd. | 7,120 | 218,096 | ||||||
Hanssem Co., Ltd. | 980 | 142,049 | ||||||
Hanyang Eng Co., Ltd. | 2,526 | 36,732 | ||||||
IS Dongseo Co., Ltd. | 4,355 | 126,658 | ||||||
It’s Hanbul Co., Ltd.(b) | 1,655 | 105,427 | ||||||
Jusung Engineering Co., Ltd. | 3,927 | 39,605 | ||||||
Korea Asset In Trust Co., Ltd. | 8,871 | 50,851 | ||||||
Korea Autoglass Corp. | 1,897 | 29,009 | ||||||
Korea Real Estate Investment & Trust Co., Ltd. | 41,206 | 115,009 | ||||||
KT Skylife Co., Ltd. | 4,626 | 52,948 | ||||||
KT&G Corp. | 27,472 | 2,577,352 | ||||||
LG Display Co., Ltd. | 71,478 | 1,753,588 | ||||||
Loen Entertainment, Inc. | 529 | 54,493 | ||||||
Mando Corp. | 1,288 | 280,342 | ||||||
Modetour Network, Inc. | 2,136 | 78,855 | ||||||
Muhak Co., Ltd. | 5,698 | 93,016 |
See Notes to Financial Statements.
28 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
March 31, 2018
Investments | Shares | Value | ||||||
Nasmedia Co., Ltd. | 406 | $ | 32,567 | |||||
Nexen Corp. | 11,287 | 75,818 | ||||||
NS Shopping Co., Ltd. | 3,497 | 45,439 | ||||||
Sunjin Co., Ltd. | 4,375 | 63,415 | ||||||
Systems Technology, Inc. | 1,603 | 32,935 | ||||||
Tera Semicon Co., Ltd. | 1,927 | 35,705 | ||||||
TES Co., Ltd. | 1,842 | 52,362 | ||||||
Texcell-NetCom Co., Ltd.* | 10,427 | 229,396 | ||||||
Toptec Co., Ltd. | 3,979 | 113,296 | ||||||
UniTest, Inc. | 2,913 | 41,677 | ||||||
WiSoL Co., Ltd. | 3,051 | 40,646 | ||||||
Wonik QnC Corp.* | 4,364 | 59,775 | ||||||
|
| |||||||
Total South Korea | 7,940,206 | |||||||
Taiwan – 8.8% | ||||||||
AU Optronics Corp.(b) | 3,939,000 | 1,837,308 | ||||||
Charoen Pokphand Enterprise | 40,000 | 89,721 | ||||||
Chong Hong Construction Co., Ltd. | 46,000 | 135,206 | ||||||
Elite Material Co., Ltd. | 32,000 | 102,946 | ||||||
Formosa International Hotels Corp. | 7,000 | 36,372 | ||||||
Grape King Bio Ltd. | 14,000 | 119,320 | ||||||
Huaku Development Co., Ltd. | 48,000 | 118,202 | ||||||
Kung Long Batteries Industrial Co., Ltd. | 6,000 | 30,147 | ||||||
Largan Precision Co., Ltd. | 4,000 | 459,581 | ||||||
Merry Electronics Co., Ltd. | 15,000 | 86,686 | ||||||
momo.com, Inc. | 6,488 | 60,303 | ||||||
Nanya Technology Corp. | 141,000 | 444,902 | ||||||
Ruentex Development Co., Ltd. | 220,800 | 258,232 | ||||||
Ruentex Industries Ltd.* | 256,000 | 495,195 | ||||||
Taiwan Sakura Corp. | 34,000 | 44,778 | ||||||
Thinking Electronic Industrial Co., Ltd. | 15,000 | 49,542 | ||||||
Yulon Nissan Motor Co., Ltd. | 7,000 | 64,101 | ||||||
|
| |||||||
Total Taiwan | 4,432,542 | |||||||
Thailand – 1.1% | ||||||||
Beauty Community PCL NVDR | 102,500 | 69,819 | ||||||
Carabao Group PCL NVDR | 15,000 | 30,580 | ||||||
GFPT PCL NVDR | 125,134 | 52,423 | ||||||
Jasmine International PCL NVDR | 181,935 | 35,782 | ||||||
Major Cineplex Group PCL NVDR | 59,056 | 53,825 | ||||||
Malee Group PCL NVDR | 14,208 | 9,860 | ||||||
MC Group PCL NVDR | 73,600 | 29,892 | ||||||
Somboon Advance Technology PCL NVDR | 53,700 | 35,548 | ||||||
SPCG PCL NVDR | 72,296 | 50,401 | ||||||
Supalai PCL NVDR | 95,564 | 65,706 | ||||||
Thai Vegetable Oil PCL NVDR | 90,400 | 99,015 | ||||||
|
| |||||||
Total Thailand | 532,851 | |||||||
Turkey – 4.2% | ||||||||
Aksa Akrilik Kimya Sanayii AS | 18,945 | 79,340 | ||||||
BIM Birlesik Magazalar AS | 21,779 | 395,292 | ||||||
Dogus Otomotiv Servis ve Ticaret AS* | 16,921 | 34,855 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS*(b) | 521,279 | 332,922 | ||||||
Enka Insaat ve Sanayi AS | 179,987 | 250,348 | ||||||
Is Gayrimenkul Yatirim Ortakligi AS | 220,223 | 71,158 | ||||||
Migros Ticaret AS* | 30,556 | 183,426 | ||||||
Torunlar Gayrimenkul Yatirim Ortakligi AS | �� | 66,023 | 48,333 | |||||
Turkiye Halk Bankasi AS | 223,203 | 504,283 | ||||||
Yapi ve Kredi Bankasi AS* | 200,581 | 224,814 | ||||||
|
| |||||||
Total Turkey | 2,124,771 | |||||||
TOTAL COMMON STOCKS (Cost: $47,192,291) | 49,798,811 | |||||||
WARRANTS – 0.0% | ||||||||
Malaysia – 0.0% | ||||||||
Econpile Holdings Bhd, expiring 1/2/23* | 10,400 | 484 | ||||||
South Africa – 0.0% | ||||||||
Adcock Ingram Holdings Ltd., expiring 7/26/19*(b) | 182 | 123 | ||||||
TOTAL WARRANTS (Cost: $0) | 607 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2% | ||||||||
United States – 1.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $594,206)(d) | 594,206 | 594,206 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.7% (Cost: $47,786,497) | 50,393,624 | |||||||
Other Assets less Liabilities – (0.7)% | (341,510 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 50,052,114 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(b) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $2,415,218 and the total market value of the collateral held by the Fund was $2,573,307. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,979,101. |
ADR – American Depositary Receipt
GDR – Global Depositary Receipt
NVDR – Non-Voting Depositary Receipt
Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 29 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
March 31, 2018
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. | 4/3/2018 | 449,806 | BRL | 134,846 | USD | $ | 491 | $ | — |
CURRENCY LEGEND |
BRL – Brazilian real
USD – U.S. dollar
See Notes to Financial Statements.
30 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
Brazil – 4.6% | ||||||||
Ambev S.A. | 104,450 | $ | 756,442 | |||||
B2W Cia Digital* | 2,600 | 20,058 | ||||||
B3 S.A. – Brasil Bolsa Balcao | 54,126 | 434,656 | ||||||
Banco Bradesco S.A. | 19,406 | 224,621 | ||||||
Banco Santander Brasil S.A. | 12,927 | 155,228 | ||||||
BR Malls Participacoes S.A. | 2,229 | 7,813 | ||||||
Cia Siderurgica Nacional S.A.* | 17,819 | 47,180 | ||||||
Cielo S.A. | 28,145 | 175,208 | ||||||
Cosan S.A. Industria e Comercio | 4,713 | 58,863 | ||||||
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes | 12,672 | 58,297 | ||||||
Embraer S.A. | 18,006 | 116,750 | ||||||
Engie Brasil Energia S.A. | 1,000 | 11,782 | ||||||
Equatorial Energia S.A. | 5,467 | 117,611 | ||||||
Estacio Participacoes S.A. | 8,739 | 91,949 | ||||||
Fleury S.A. | 2,900 | 23,681 | ||||||
Hypera S.A. | 6,887 | 74,929 | ||||||
Itau Unibanco Holding S.A. | 9,580 | 130,084 | ||||||
Itausa – Investimentos Itau S.A. | 31,088 | 130,952 | ||||||
JBS S.A. | 26,253 | 73,855 | ||||||
Klabin S.A. | 21,167 | 131,832 | ||||||
Localiza Rent a Car S.A. | 14,581 | 125,998 | ||||||
Lojas Renner S.A. | 19,529 | 201,836 | ||||||
M. Dias Branco S.A. | 3,247 | 49,834 | ||||||
MRV Engenharia e Participacoes S.A. | 10,071 | 49,240 | ||||||
Multiplan Empreendimentos Imobiliarios S.A. | 6,330 | 130,805 | ||||||
Natura Cosmeticos S.A. | 4,700 | 45,252 | ||||||
Odontoprev S.A. | 8,710 | 39,126 | ||||||
Raia Drogasil S.A. | 6,342 | 142,731 | ||||||
Smiles Fidelidade S.A. | 1,200 | 25,093 | ||||||
Sul America S.A. | 6,740 | 44,513 | ||||||
TIM Participacoes S.A. | 18,416 | 79,790 | ||||||
TOTVS S.A. | 4,100 | 35,540 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 11,315 | 73,979 | ||||||
Ultrapar Participacoes S.A. | 13,310 | 284,013 | ||||||
WEG S.A. | 18,458 | 125,567 | ||||||
|
| |||||||
Total Brazil | 4,295,108 | |||||||
Chile – 1.6% | ||||||||
Aguas Andinas S.A. Class A | 94,837 | 61,725 | ||||||
Banco de Chile | 750,552 | 126,181 | ||||||
Banco de Credito e Inversiones S.A. | 1,304 | 96,788 | ||||||
Banco Santander Chile | 1,529,858 | 128,966 | ||||||
Cencosud S.A. | 31,408 | 96,165 | ||||||
Cia Cervecerias Unidas S.A. | 5,350 | 78,757 | ||||||
Colbun S.A. | 87,896 | 21,074 | ||||||
Empresa Nacional de Telecomunicaciones S.A. | 8,971 | 102,975 | ||||||
Empresas CMPC S.A. | 17,468 | 66,545 | ||||||
Empresas COPEC S.A. | 14,029 | 220,353 | ||||||
Enel Americas S.A. | 529,760 | 123,741 | ||||||
Latam Airlines Group S.A. | 9,967 | 154,975 | ||||||
Parque Arauco S.A. | 1,550 | 4,672 | ||||||
S.A.C.I. Falabella | 21,289 | 205,400 | ||||||
|
| |||||||
Total Chile | 1,488,317 | |||||||
China – 32.1% | ||||||||
3SBio, Inc.*(a) | 28,000 | 63,076 | ||||||
58.com, Inc. ADR* | 2,205 | 176,091 | ||||||
AAC Technologies Holdings, Inc. | 15,000 | 270,632 | ||||||
Agile Group Holdings Ltd. | 24,000 | 49,601 | ||||||
Alibaba Group Holding Ltd. ADR* | 27,346 | 5,019,085 | ||||||
Alibaba Pictures Group Ltd.* | 510,000 | 66,282 | ||||||
ANTA Sports Products Ltd. | 28,000 | 141,279 | ||||||
Anxin Trust Co., Ltd. Class A | 3,500 | 6,525 | ||||||
Autohome, Inc. ADR | 679 | 58,353 | ||||||
Baidu, Inc. ADR* | 6,509 | 1,452,744 | ||||||
Beijing Orient Landscape & Environment Co., Ltd. Class A | 23,000 | 75,744 | ||||||
Beijing Originwater Technology Co., Ltd. Class A | 25,900 | 74,592 | ||||||
BYD Co., Ltd. Class A | 11,300 | 101,116 | ||||||
BYD Co., Ltd. Class H(b) | 16,000 | 124,766 | ||||||
BYD Electronic International Co., Ltd. | 12,000 | 22,507 | ||||||
Chaozhou Three-Circle Group Co., Ltd. Class A | 17,600 | 67,500 | ||||||
China Biologic Products Holdings, Inc.* | 463 | 37,503 | ||||||
China Conch Venture Holdings Ltd. | 29,900 | 91,243 | ||||||
China Evergrande Group*(b) | 108,000 | 339,895 | ||||||
China First Capital Group Ltd.* | 112,000 | 52,659 | ||||||
China Fortune Land Development Co., Ltd. Class A | 15,664 | 81,685 | ||||||
China High Speed Transmission Equipment Group Co., Ltd. | 5,000 | 7,862 | ||||||
China Lodging Group Ltd. ADR | 726 | 95,621 | ||||||
China Media Group Class A† | 13,300 | 17,757 | ||||||
China Medical System Holdings Ltd. | 30,000 | 68,117 | ||||||
China Minsheng Banking Corp., Ltd. Class A | 408,381 | 518,614 | ||||||
CIFI Holdings Group Co., Ltd. | 54,000 | 47,131 | ||||||
Country Garden Holdings Co., Ltd. | 228,000 | 469,462 | ||||||
CSPC Pharmaceutical Group Ltd. | 114,000 | 302,855 | ||||||
Ctrip.com International Ltd. ADR* | 10,657 | 496,829 | ||||||
Dali Foods Group Co., Ltd.(a) | 57,500 | 47,329 | ||||||
Dr Peng Telecom & Media Group Co., Ltd. Class A | 25,196 | 60,230 | ||||||
East Money Information Co., Ltd. Class A | 25,300 | 68,078 | ||||||
ENN Energy Holdings Ltd. | 15,000 | 133,978 | ||||||
Fangda Carbon New Material Co., Ltd. Class A | 11,700 | 49,279 | ||||||
Fosun International Ltd. | 58,500 | 126,715 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class A | 23,100 | 90,943 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(a) | 4,400 | 16,959 | ||||||
GCL-Poly Energy Holdings Ltd.* | 407,000 | 50,303 | ||||||
Geely Automobile Holdings Ltd. | 144,000 | 414,663 | ||||||
GEM Co., Ltd. Class A | 46,300 | 54,603 | ||||||
GoerTek, Inc. Class A | 21,500 | 45,859 | ||||||
Great Wall Motor Co., Ltd. Class H(b) | 94,000 | 94,260 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 46,400 | 115,759 | ||||||
Haitian International Holdings Ltd. | 28,000 | 84,910 | ||||||
Han’s Laser Technology Industry Group Co., Ltd. Class A | 11,700 | 101,720 | ||||||
Hanergy Thin Film Power Group Ltd.*† | 102,000 | 0 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2018
Investments | Shares | Value | ||||||
Henan Shuanghui Investment & Development Co., Ltd. Class A | 11,500 | $ | 46,792 | |||||
Hengan International Group Co., Ltd. | 15,000 | 138,947 | ||||||
Hengtong Optic-electric Co., Ltd. Class A | 11,800 | 70,762 | ||||||
Hundsun Technologies, Inc. Class A | 11,500 | 109,266 | ||||||
Iflytek Co., Ltd. Class A | 14,300 | 138,257 | ||||||
JD.com, Inc. ADR* | 19,092 | 773,035 | ||||||
Jiangsu Hengrui Medicine Co., Ltd. Class A | 14,320 | 198,036 | ||||||
Jiangsu Zhongtian Technology Co., Ltd. Class A | 23,000 | 44,891 | ||||||
Jiangxi Ganfeng Lithium Co., Ltd. Class A | 5,700 | 70,103 | ||||||
Kangde Xin Composite Material Group Co., Ltd. Class A† | 13,000 | 40,849 | ||||||
Kangmei Pharmaceutical Co., Ltd. Class A | 31,700 | 113,212 | ||||||
Kingsoft Corp., Ltd. | 27,000 | 85,662 | ||||||
KWG Property Holding Ltd. | 24,500 | 33,402 | ||||||
Li Ning Co., Ltd.* | 26,000 | 26,635 | ||||||
Logan Property Holdings Co., Ltd. | 8,000 | 12,171 | ||||||
Longfor Properties Co., Ltd. | 58,000 | 177,363 | ||||||
LONGi Green Energy Technology Co., Ltd. Class A | 14,495 | 78,952 | ||||||
Luxshare Precision Industry Co., Ltd. Class A | 11,500 | 44,196 | ||||||
Luye Pharma Group Ltd.(b) | 58,000 | 55,500 | ||||||
Meitu, Inc.*(a) | 33,000 | 37,801 | ||||||
MGM China Holdings Ltd. | 34,800 | 89,790 | ||||||
Midea Group Co., Ltd. Class A | 45,200 | 391,747 | ||||||
Momo, Inc. ADR* | 1,147 | 42,875 | ||||||
Nanjing Xinjiekou Department Store Co., Ltd. Class A† | 5,400 | 28,563 | ||||||
NetEase, Inc. ADR | 1,740 | 487,879 | ||||||
New Oriental Education & Technology Group, Inc. ADR | 3,071 | 269,173 | ||||||
Nine Dragons Paper Holdings Ltd. | 56,000 | 83,768 | ||||||
O-film Tech Co., Ltd. Class A | 25,900 | 83,401 | ||||||
Ping An Bank Co., Ltd. Class A | 97,500 | 168,913 | ||||||
Ping An Insurance Group Co. of China Ltd. Class A | 107,200 | 1,112,773 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 159,000 | 1,616,681 | ||||||
Red Star Macalline Group Corp., Ltd. Class H(a) | 25,200 | 29,508 | ||||||
Sanan Optoelectronics Co., Ltd. Class A | 20,200 | 74,903 | ||||||
Sany Heavy Industry Co., Ltd. Class A | 43,600 | 54,468 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A | 11,600 | 82,026 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 14,249 | 87,510 | ||||||
Shenzhen Inovance Technology Co., Ltd. Class A | 900 | 5,058 | ||||||
Shenzhen Sunway Communication Co., Ltd. Class A | 6,700 | 39,731 | ||||||
Shenzhou International Group Holdings Ltd. | 22,000 | 231,681 | ||||||
Shimao Property Holdings Ltd. | 26,000 | 73,545 | ||||||
Sino Biopharmaceutical Ltd. | 132,000 | 259,011 | ||||||
Skyworth Digital Holdings Ltd. | 84,000 | 37,781 | ||||||
SOHO China Ltd. | 57,000 | 29,850 | ||||||
Sun Art Retail Group Ltd. | 13,500 | 15,705 | ||||||
Sunac China Holdings Ltd. | 77,000 | 297,275 | ||||||
Suning.com Co., Ltd. Class A | 40,700 | 91,017 | ||||||
Sunny Optical Technology Group Co., Ltd. | 17,600 | 324,942 | ||||||
TAL Education Group ADR | 8,221 | 304,917 | ||||||
Tasly Pharmaceutical Group Co., Ltd. Class A | 5,821 | 42,114 | ||||||
TBEA Co., Ltd. Class A | 69,000 | 96,727 | ||||||
Tencent Holdings Ltd. | 130,400 | 6,805,530 | ||||||
Tianqi Lithium Corp. Class A | 8,465 | 79,245 | ||||||
Tingyi Cayman Islands Holding Corp. | 58,000 | 120,311 | ||||||
Tonghua Dongbao Pharmaceutical Co., Ltd. Class A | 20,292 | 86,242 | ||||||
Uni-President China Holdings Ltd. | 30,000 | 25,955 | ||||||
Vipshop Holdings Ltd. ADR* | 9,617 | 159,834 | ||||||
Want Want China Holdings Ltd. | 143,000 | 114,607 | ||||||
Weibo Corp. ADR* | 1,187 | 141,894 | ||||||
WH Group Ltd.(a) | 151,500 | 161,378 | ||||||
Xinyi Glass Holdings Ltd.* | 104,000 | 156,630 | ||||||
Xinyi Solar Holdings Ltd. | 60,000 | 24,235 | ||||||
Yonghui Superstores Co., Ltd. Class A | 31,100 | 48,639 | ||||||
Yum China Holdings, Inc. | 8,651 | 359,016 | ||||||
YY, Inc. ADR* | 868 | 91,314 | ||||||
Zall Group Ltd.*(b) | 115,000 | 163,233 | ||||||
Zhejiang Dahua Technology Co., Ltd. Class A | 20,200 | 82,255 | ||||||
Zhejiang Longsheng Group Co., Ltd. Class A | 23,000 | 40,797 | ||||||
Zhengzhou Yutong Bus Co., Ltd. Class A | 3,000 | 10,662 | ||||||
Zhongtian Financial Group Co., Ltd. Class A† | 9,500 | 11,098 | ||||||
ZTE Corp. Class A* | 43,500 | 208,453 | ||||||
ZTO Express Cayman, Inc. ADR | 4,100 | 61,459 | ||||||
|
| |||||||
Total China | 29,754,665 | |||||||
Czech Republic – 0.2% | ||||||||
Komercni Banka AS | 2,667 | 121,587 | ||||||
Moneta Money Bank AS(a) | 15,304 | 63,394 | ||||||
|
| |||||||
Total Czech Republic | 184,981 | |||||||
Hungary – 0.5% | ||||||||
OTP Bank PLC | 9,303 | 418,539 | ||||||
India – 8.8% | ||||||||
ACC Ltd. | 3,084 | 71,282 | ||||||
Ashok Leyland Ltd. | 30,537 | 68,100 | ||||||
Asian Paints Ltd. | 7,354 | 126,329 | ||||||
Bajaj Finserv Ltd. | 775 | 61,451 | ||||||
Balkrishna Industries Ltd. | 1,687 | 27,641 | ||||||
Bharat Forge Ltd. | 4,799 | 51,480 | ||||||
Bharti Airtel Ltd. | 28,752 | 175,761 | ||||||
Bharti Infratel Ltd. | 16,805 | 86,612 | ||||||
Britannia Industries Ltd. | 209 | 15,928 | ||||||
Crompton Greaves Consumer Electricals Ltd. | 11,395 | 41,363 | ||||||
Cummins India Ltd. | 4,977 | 53,435 | ||||||
Dabur India Ltd. | 17,257 | 86,891 | ||||||
DLF Ltd. | 13,480 | 41,594 | ||||||
Dr. Reddy’s Laboratories Ltd. | 2,761 | 88,075 | ||||||
Eicher Motors Ltd. | 342 | 148,776 | ||||||
Federal Bank Ltd. | 55,363 | 75,717 | ||||||
Glenmark Pharmaceuticals Ltd. | 7,756 | 62,586 | ||||||
Godrej Consumer Products Ltd. | 6,163 | 103,342 | ||||||
Havells India Ltd. | 8,971 | 67,102 | ||||||
HCL Technologies Ltd. | 10,344 | 153,618 | ||||||
Hero MotoCorp Ltd. | 2,945 | 159,970 | ||||||
Hindalco Industries Ltd. | 19,464 | 64,028 | ||||||
Hindustan Unilever Ltd. | 17,059 | 348,743 |
See Notes to Financial Statements.
32 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2018
Investments | Shares | Value | ||||||
ICICI Bank Ltd. ADR | 20,000 | $ | 177,000 | |||||
IDFC Bank Ltd. | 93,163 | 67,635 | ||||||
IndusInd Bank Ltd. | 9,029 | 248,734 | ||||||
Infosys Ltd. ADR | 32,247 | 575,609 | ||||||
ITC Ltd. | 71,236 | 279,061 | ||||||
JSW Steel Ltd. | 22,408 | 98,999 | ||||||
Kotak Mahindra Bank Ltd. | 20,943 | 336,454 | ||||||
Larsen & Toubro Ltd. | 8,551 | 171,868 | ||||||
Larsen & Toubro Ltd. GDR Reg S | 2,844 | 57,164 | ||||||
Mahindra & Mahindra Ltd. | 19,426 | 220,078 | ||||||
Marico Ltd. | 14,258 | 71,277 | ||||||
Maruti Suzuki India Ltd. | 2,918 | 396,443 | ||||||
Max Financial Services Ltd.* | 4,173 | 29,013 | ||||||
MRF Ltd. | 28 | 31,130 | ||||||
Natco Pharma Ltd. | 3,197 | 36,942 | ||||||
Nestle India Ltd. | 580 | 72,952 | ||||||
Oracle Financial Services Software Ltd. | 1,131 | 64,948 | ||||||
Page Industries Ltd. | 201 | 69,909 | ||||||
Pidilite Industries Ltd. | 333 | 4,686 | ||||||
Piramal Enterprises Ltd. | 2,176 | 81,168 | ||||||
Reliance Industries Ltd. GDR(a) | 40,481 | 1,097,035 | ||||||
Sun Pharmaceutical Industries Ltd. | 24,241 | 184,014 | ||||||
Sun TV Network Ltd. | 2,534 | 32,970 | ||||||
Tata Consultancy Services Ltd. | 8,683 | 379,309 | ||||||
Tata Motors Ltd. ADR* | 5,176 | 133,023 | ||||||
Tata Power Co., Ltd. (The) | 58,586 | 70,963 | ||||||
Tech Mahindra Ltd. | 6,856 | 67,139 | ||||||
TVS Motor Co., Ltd. | 5,549 | 52,689 | ||||||
United Spirits Ltd.* | 1,404 | 67,371 | ||||||
UPL Ltd. | 9,419 | 105,459 | ||||||
Vakrangee Ltd. | 12,053 | 40,906 | ||||||
Vedanta Ltd. | 43,031 | 183,316 | ||||||
Wipro Ltd. | 22,072 | 95,145 | ||||||
Yes Bank Ltd. | 44,162 | 206,416 | ||||||
Zee Entertainment Enterprises Ltd. | 16,411 | 144,807 | ||||||
|
| |||||||
Total India | 8,131,456 | |||||||
Indonesia – 2.0% | ||||||||
Adaro Energy Tbk PT | 592,900 | 91,729 | ||||||
Astra International Tbk PT | 92,100 | 48,835 | ||||||
Bank Central Asia Tbk PT | 448,200 | 758,530 | ||||||
Bumi Serpong Damai Tbk PT | 812,500 | 105,048 | ||||||
Charoen Pokphand Indonesia Tbk PT | 263,900 | 66,131 | ||||||
Hanjaya Mandala Sampoerna Tbk PT | 392,500 | 113,467 | ||||||
Indofood CBP Sukses Makmur Tbk PT | 179,800 | 108,069 | ||||||
Matahari Department Store Tbk PT | 117,200 | 93,215 | ||||||
Mayora Indah Tbk PT | 304,300 | 65,203 | ||||||
Surya Citra Media Tbk PT | 214,300 | 42,183 | ||||||
Unilever Indonesia Tbk PT | 61,800 | 222,309 | ||||||
United Tractors Tbk PT | 63,700 | 148,059 | ||||||
|
| |||||||
Total Indonesia | 1,862,778 | |||||||
Malaysia – 2.5% | ||||||||
AirAsia Bhd | 84,200 | 85,550 | ||||||
British American Tobacco Malaysia Bhd | 9,400 | 64,206 | ||||||
Dialog Group Bhd | 403,900 | 320,572 | ||||||
Genting Malaysia Bhd | 162,700 | 206,109 | ||||||
HAP Seng Consolidated Bhd | 18,900 | 48,178 | ||||||
Hartalega Holdings Bhd | 58,000 | 90,719 | ||||||
Hong Leong Bank Bhd | 8,708 | 42,324 | ||||||
IOI Corp. Bhd | 142,100 | 175,972 | ||||||
Maxis Bhd | 81,200 | 120,499 | ||||||
Press Metal Aluminium Holdings Bhd | 98,600 | 110,122 | ||||||
Public Bank Bhd | 110,800 | 687,487 | ||||||
Westports Holdings Bhd | 211,800 | 196,578 | ||||||
YTL Corp. Bhd | 337,958 | 117,953 | ||||||
YTL Power International Bhd | 301,330 | 79,461 | ||||||
|
| |||||||
Total Malaysia | 2,345,730 | |||||||
Mexico – 2.9% | ||||||||
Alfa S.A.B. de C.V. Class A | 103,060 | 131,496 | ||||||
Alsea S.A.B. de C.V. | 22,353 | 77,798 | ||||||
America Movil S.A.B. de C.V. Series L | 461,391 | 436,026 | ||||||
Arca Continental S.A.B. de C.V. | 5,914 | 40,729 | ||||||
Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Class B | 72,170 | 103,391 | ||||||
Cemex S.A.B. de C.V. Series CPO* | 392,439 | 258,638 | ||||||
Concentradora Fibra Danhos S.A. de C.V. | 14,100 | 23,336 | ||||||
Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A* | 60,900 | 48,878 | ||||||
El Puerto de Liverpool S.A.B. de C.V. Class C1 | 11,900 | 88,337 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. | 9,968 | 90,552 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B | 9,513 | 93,616 | ||||||
Grupo Bimbo S.A.B. de C.V. Series A | 66,690 | 145,338 | ||||||
Grupo Carso S.A.B. de C.V. Series A1 | 6,400 | 22,450 | ||||||
Grupo Financiero Banorte S.A.B. de C.V. Class O | 55,503 | 337,910 | ||||||
Grupo Financiero Inbursa S.A.B. de C.V. Class O | 59,600 | 98,248 | ||||||
Grupo Lala S.A.B. de C.V. | 25,300 | 34,277 | ||||||
Grupo Mexico S.A.B. de C.V. Series B | 54,649 | 181,280 | ||||||
Infraestructura Energetica Nova S.A.B. de C.V. | 13,451 | 65,525 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 33,464 | 62,405 | ||||||
Megacable Holdings S.A.B. de C.V. Series CPO | 11,648 | 53,583 | ||||||
Mexichem S.A.B. de C.V. | 24,724 | 75,363 | ||||||
Promotora y Operadora de Infraestructura S.A.B. de C.V. | 2,080 | 20,595 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. | 91,591 | 232,120 | ||||||
|
| |||||||
Total Mexico | 2,721,891 | |||||||
Philippines – 1.2% | ||||||||
Aboitiz Power Corp. | 121,000 | 89,745 | ||||||
Alliance Global Group, Inc.* | 172,600 | 43,665 | ||||||
Ayala Corp. | 6,345 | 115,281 | ||||||
Bank of the Philippine Islands | 21,750 | 48,771 | ||||||
BDO Unibank, Inc. | 41,543 | 110,670 | ||||||
DMCI Holdings, Inc. | 298,600 | 69,589 | ||||||
Globe Telecom, Inc. | 1,640 | 50,981 | ||||||
GT Capital Holdings, Inc. | 1,400 | 31,366 | ||||||
International Container Terminal Services, Inc. | 25,800 | 49,447 | ||||||
Jollibee Foods Corp. | 11,050 | 63,321 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2018
Investments | Shares | Value | ||||||
Manila Electric Co. | 740 | $ | 4,510 | |||||
Megaworld Corp. | 553,000 | 49,707 | ||||||
Metropolitan Bank & Trust Co. | 5,299 | 8,714 | ||||||
PLDT, Inc. | 1,740 | 49,021 | ||||||
Security Bank Corp. | 9,280 | 42,685 | ||||||
SM Investments Corp. | 10,595 | 186,203 | ||||||
Universal Robina Corp. | 29,670 | 86,433 | ||||||
|
| |||||||
Total Philippines | 1,100,109 | |||||||
Poland – 1.3% | ||||||||
Alior Bank S.A.* | 8,390 | 180,155 | ||||||
Bank Millennium S.A.* | 46,097 | 110,489 | ||||||
Bank Pekao S.A. | 8,426 | 303,309 | ||||||
Bank Zachodni WBK S.A. | 1,431 | 151,318 | ||||||
CCC S.A. | 1,717 | 116,896 | ||||||
CD Projekt S.A. | 3,652 | 116,641 | ||||||
Cyfrowy Polsat S.A. | 10,929 | 79,575 | ||||||
LPP S.A. | 73 | 185,414 | ||||||
|
| |||||||
Total Poland | 1,243,797 | |||||||
Russia – 4.1% | ||||||||
Lenta Ltd. GDR Reg S* | 21,622 | 128,651 | ||||||
Lukoil PJSC ADR | 22,098 | 1,522,552 | ||||||
Mail.ru Group Ltd. GDR Reg S* | 4,054 | 141,809 | ||||||
MegaFon PJSC GDR Reg S | 8,424 | 83,313 | ||||||
MMC Norilsk Nickel PJSC ADR | 25,820 | 478,574 | ||||||
Mobile TeleSystems PJSC ADR | 19,109 | 217,652 | ||||||
Novatek PJSC GDR Reg S | 4,198 | 575,126 | ||||||
Novolipetsk Steel PJSC GDR | 3,948 | 98,305 | ||||||
PhosAgro PJSC GDR Reg S | 5,217 | 75,855 | ||||||
Severstal PJSC GDR Reg S | 10,672 | 161,040 | ||||||
Yandex N.V. Class A* | 8,386 | 330,828 | ||||||
|
| |||||||
Total Russia | 3,813,705 | |||||||
South Africa – 7.3% | ||||||||
Anglo American Platinum Ltd. | 963 | 26,333 | ||||||
AngloGold Ashanti Ltd. | 13,624 | 129,378 | ||||||
Aspen Pharmacare Holdings Ltd. | 8,213 | 179,846 | ||||||
AVI Ltd. | 5,398 | 50,487 | ||||||
Barclays Africa Group Ltd. | 7,321 | 117,210 | ||||||
Barloworld Ltd. | 6,699 | 93,886 | ||||||
Bid Corp., Ltd. | 6,277 | 136,546 | ||||||
Bidvest Group Ltd. (The) | 7,755 | 146,673 | ||||||
Capitec Bank Holdings Ltd. | 1,652 | 121,332 | ||||||
Clicks Group Ltd. | 3,927 | 60,356 | ||||||
Discovery Ltd. | 9,447 | 135,939 | ||||||
Exxaro Resources Ltd. | 1,684 | 15,490 | ||||||
FirstRand Ltd. | 67,309 | 380,038 | ||||||
Foschini Group Ltd. (The) | 6,548 | 123,651 | ||||||
Gold Fields Ltd. | 22,250 | 90,099 | ||||||
Hyprop Investments Ltd. | 6,509 | 59,450 | ||||||
Imperial Holdings Ltd. | 3,780 | 74,412 | ||||||
Life Healthcare Group Holdings Ltd. | 46,184 | 107,618 | ||||||
Mondi Ltd. | 2,611 | 71,007 | ||||||
Mr. Price Group Ltd. | 4,887 | 117,548 | ||||||
MTN Group Ltd. | 35,596 | 357,560 | ||||||
Naspers Ltd. Class N | 8,613 | 2,102,114 | ||||||
Nedbank Group Ltd. | 4,074 | 98,178 | ||||||
Netcare Ltd. | 37,161 | 87,816 | ||||||
Northam Platinum Ltd.* | 11,044 | 33,872 | ||||||
Pick n Pay Stores Ltd. | 9,261 | 53,571 | ||||||
PSG Group Ltd. | 1,101 | 20,914 | ||||||
Rand Merchant Investment Holdings Ltd. | 17,227 | 58,156 | ||||||
Remgro Ltd. | 10,288 | 192,758 | ||||||
RMB Holdings Ltd. | 16,492 | 107,383 | ||||||
Sanlam Ltd. | 29,325 | 211,113 | ||||||
Shoprite Holdings Ltd. | 8,797 | 187,526 | ||||||
Sibanye Gold Ltd. | 56,059 | 55,686 | ||||||
SPAR Group Ltd. (The) | 5,754 | 98,367 | ||||||
Standard Bank Group Ltd. | 23,507 | 433,844 | ||||||
Tiger Brands Ltd. | 3,547 | 111,361 | ||||||
Truworths International Ltd. | 7,465 | 67,746 | ||||||
Vodacom Group Ltd. | 8,016 | 103,556 | ||||||
Woolworths Holdings Ltd. | 22,809 | 115,501 | ||||||
|
| |||||||
Total South Africa | 6,734,321 | |||||||
South Korea – 15.4% | ||||||||
Amorepacific Corp. | 696 | 206,991 | ||||||
Amorepacific Group | 667 | 88,858 | ||||||
BGF Co., Ltd. | 782 | 9,611 | ||||||
BNK Financial Group, Inc. | 5,842 | 57,001 | ||||||
Celltrion, Inc.* | 1,942 | 563,889 | ||||||
Cheil Worldwide, Inc. | 2,638 | 44,548 | ||||||
CJ CheilJedang Corp. | 233 | 70,278 | ||||||
CJ E&M Corp. | 165 | 14,164 | ||||||
CJ Logistics Corp.* | 325 | 41,925 | ||||||
Coway Co., Ltd. | 1,158 | 97,559 | ||||||
Daelim Industrial Co., Ltd. | 926 | 64,635 | ||||||
DB Insurance Co., Ltd. | 782 | 47,687 | ||||||
DGB Financial Group, Inc. | 4,161 | 45,479 | ||||||
Doosan Corp. | 260 | 25,978 | ||||||
Doosan Heavy Industries & Construction Co., Ltd.* | 2,379 | 35,488 | ||||||
E-Mart, Inc. | 491 | 125,986 | ||||||
GS Engineering & Construction Corp. | 827 | 22,966 | ||||||
GS Holdings Corp. | 1,160 | 67,582 | ||||||
Hana Financial Group, Inc. | 5,670 | 243,365 | ||||||
Hankook Tire Co., Ltd. | 1,828 | 91,923 | ||||||
Hanmi Pharm Co., Ltd. | 118 | 56,570 | ||||||
Hanmi Science Co., Ltd. | 727 | 63,431 | ||||||
Hanon Systems | 1,654 | 17,767 | ||||||
Hanssem Co., Ltd. | 400 | 57,979 | ||||||
Hanwha Chemical Corp. | 1,999 | 55,887 | ||||||
Hanwha Corp. | 1,160 | 42,606 | ||||||
Hanwha Techwin Co., Ltd.* | 1,517 | 42,127 | ||||||
Hotel Shilla Co., Ltd. | 1,013 | 91,141 | ||||||
Hyosung Corp. | 406 | 46,660 | ||||||
Hyundai Department Store Co., Ltd. | 391 | 33,968 | ||||||
Hyundai Development Co-Engineering & Construction | 1,013 | 36,542 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 1,886 | 77,323 | ||||||
Hyundai Glovis Co., Ltd. | 724 | 114,791 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 1,624 | 59,268 |
See Notes to Financial Statements.
34 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2018
Investments | Shares | Value | ||||||
Hyundai Merchant Marine Co., Ltd.* | 8,570 | $ | 35,176 | |||||
Hyundai Motor Co. | 2,753 | 370,631 | ||||||
Hyundai Steel Co. | 1,188 | 56,842 | ||||||
Hyundai Wia Corp. | 960 | 49,806 | ||||||
Kakao Corp. | 952 | 117,895 | ||||||
KB Financial Group, Inc. | 8,307 | 473,060 | ||||||
Korea Investment Holdings Co., Ltd. | 1,158 | 89,846 | ||||||
Korea Zinc Co., Ltd. | 261 | 117,290 | ||||||
KT&G Corp. | 2,261 | 212,121 | ||||||
Kumho Petrochemical Co., Ltd. | 578 | 52,274 | ||||||
LG Chem Ltd. | 842 | 304,523 | ||||||
LG Corp. | 2,232 | 180,294 | ||||||
LG Display Co., Ltd. | 4,068 | 99,801 | ||||||
LG Electronics, Inc. | 2,233 | 229,396 | ||||||
LG Household & Health Care Ltd. | 203 | 230,063 | ||||||
LG Innotek Co., Ltd. | 176 | 20,805 | ||||||
LG Uplus Corp. | 4,306 | 49,487 | ||||||
Lotte Chemical Corp. | 319 | 129,587 | ||||||
Lotte Confectionery Co., Ltd. | 86 | 14,039 | ||||||
Lotte Corp.* | 667 | 39,736 | ||||||
Lotte Shopping Co., Ltd. | 279 | 61,381 | ||||||
LS Corp. | 781 | 54,587 | ||||||
Mando Corp. | 142 | 30,907 | ||||||
Medy-Tox, Inc. | 116 | 79,673 | ||||||
Mirae Asset Daewoo Co., Ltd. (Preference Shares)* | 814 | 3,513 | ||||||
NAVER Corp. | 498 | 370,031 | ||||||
NCSoft Corp. | 377 | 148,551 | ||||||
NH Investment & Securities Co., Ltd. | 3,547 | 47,087 | ||||||
NongShim Co., Ltd. | 114 | 32,727 | ||||||
OCI Co., Ltd. | 355 | 52,289 | ||||||
Ottogi Corp. | 86 | 57,446 | ||||||
POSCO | 1,595 | 487,074 | ||||||
S-1 Corp. | 697 | 64,671 | ||||||
Samsung Biologics Co., Ltd.*(a) | 346 | 158,084 | ||||||
Samsung C&T Corp. | 1,737 | 228,145 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 1,306 | 129,265 | ||||||
Samsung Electronics Co., Ltd. | 1,756 | 4,054,335 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 637 | 161,655 | ||||||
Samsung Life Insurance Co., Ltd. | 1,651 | 179,675 | ||||||
Samsung SDS Co., Ltd. | 754 | 180,737 | ||||||
Samsung Securities Co., Ltd. | 1,247 | 46,036 | ||||||
Shinhan Financial Group Co., Ltd. | 10,574 | 453,356 | ||||||
SillaJen, Inc.* | 1,072 | 107,612 | ||||||
SK Holdings Co., Ltd. | 696 | 193,279 | ||||||
SK Hynix, Inc. | 10,632 | 810,941 | ||||||
SK Innovation Co., Ltd. | 1,214 | 240,317 | ||||||
SK Telecom Co., Ltd. | 667 | 146,116 | ||||||
ViroMed Co., Ltd.* | 140 | 29,539 | ||||||
Yuhan Corp. | 204 | 42,488 | ||||||
|
| |||||||
Total South Korea | 14,286,162 | |||||||
Taiwan – 11.5% | ||||||||
Accton Technology Corp. | 1,000 | 3,313 | ||||||
Acer, Inc.* | 78,000 | 66,077 | ||||||
Advanced Semiconductor Engineering, Inc. | 144,124 | 207,607 | ||||||
Advantech Co., Ltd. | 3,000 | 21,607 | ||||||
Airtac International Group | 1,000 | 16,960 | ||||||
Asia Cement Corp. | 56,000 | 54,834 | ||||||
Asustek Computer, Inc. | 20,000 | 189,320 | ||||||
AU Optronics Corp. | 174,000 | 81,161 | ||||||
Catcher Technology Co., Ltd. | 9,000 | 109,888 | ||||||
Cathay Financial Holding Co., Ltd. | 172,000 | 309,703 | ||||||
Chailease Holding Co., Ltd. | 56,000 | 198,786 | ||||||
Chang Hwa Commercial Bank Ltd. | 201,478 | 117,126 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 54,000 | 87,139 | ||||||
Chicony Electronics Co., Ltd. | 27,010 | 69,570 | ||||||
China Development Financial Holding Corp. | 348,000 | 122,934 | ||||||
China Life Insurance Co., Ltd. | 87,877 | 90,568 | ||||||
Chroma ATE, Inc. | 1,000 | 5,796 | ||||||
Compal Electronics, Inc. | 115,000 | 78,686 | ||||||
CTBC Financial Holding Co., Ltd. | 320,672 | 233,160 | ||||||
E.Sun Financial Holding Co., Ltd. | 233,858 | 156,804 | ||||||
Epistar Corp.* | 5,000 | 7,322 | ||||||
Far Eastern New Century Corp. | 114,080 | 103,489 | ||||||
Far EasTone Telecommunications Co., Ltd. | 30,000 | 80,461 | ||||||
Feng TAY Enterprise Co., Ltd. | 3,000 | 13,427 | ||||||
Formosa Chemicals & Fibre Corp. | 87,000 | 323,747 | ||||||
Formosa Petrochemical Corp. | 44,000 | 178,825 | ||||||
Formosa Plastics Corp. | 88,000 | 313,887 | ||||||
Foxconn Technology Co., Ltd. | 29,020 | 79,226 | ||||||
Fubon Financial Holding Co., Ltd. | 172,000 | 296,135 | ||||||
General Interface Solution Holding Ltd. | 4,000 | 24,625 | ||||||
Giant Manufacturing Co., Ltd. | 1,000 | 5,247 | ||||||
Hiwin Technologies Corp. | 1,000 | 14,542 | ||||||
Hon Hai Precision Industry Co., Ltd. | 262,085 | 795,504 | ||||||
HTC Corp.* | 9,000 | 21,021 | ||||||
Innolux Corp. | 175,000 | 78,626 | ||||||
Inventec Corp. | 87,000 | 69,076 | ||||||
King Yuan Electronics Co., Ltd. | 54,000 | 56,487 | ||||||
Largan Precision Co., Ltd. | 2,000 | 229,790 | ||||||
Lite-On Technology Corp. | 57,015 | 80,956 | ||||||
Macronix International* | 27,806 | 50,735 | ||||||
MediaTek, Inc. | 29,000 | 338,667 | ||||||
Merida Industry Co., Ltd. | 1,000 | 4,579 | ||||||
Merry Electronics Co., Ltd. | 4,000 | 23,116 | ||||||
Nan Ya Plastics Corp. | 116,000 | 324,642 | ||||||
Nien Made Enterprise Co., Ltd. | 1,000 | 9,620 | ||||||
Novatek Microelectronics Corp. | 27,000 | 122,698 | ||||||
Pegatron Corp. | 56,000 | 140,207 | ||||||
Pou Chen Corp. | 59,000 | 79,727 | ||||||
Powertech Technology, Inc. | 27,000 | 84,916 | ||||||
President Chain Store Corp. | 23,000 | 231,917 | ||||||
Quanta Computer, Inc. | 58,000 | 117,564 | ||||||
Shin Kong Financial Holding Co., Ltd. | 261,449 | 103,568 | ||||||
Siliconware Precision Industries Co., Ltd. | 28,000 | 48,784 | ||||||
SinoPac Financial Holdings Co., Ltd. | 233,738 | 82,971 | ||||||
Standard Foods Corp. | 1,280 | 2,976 | ||||||
Synnex Technology International Corp. | 30,000 | 44,758 | ||||||
Taishin Financial Holding Co., Ltd. | 347,265 | 169,720 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2018
Investments | Shares | Value | ||||||
Taiwan Cement Corp. | 58,000 | $ | 72,706 | |||||
Taiwan Mobile Co., Ltd. | 29,000 | 109,408 | ||||||
Taiwan Paiho Ltd. | 6,000 | 17,080 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 347,000 | 2,945,519 | ||||||
Uni-President Enterprises Corp. | 86,160 | 203,898 | ||||||
United Microelectronics Corp. | 261,000 | 138,749 | ||||||
Winbond Electronics Corp. | 31,000 | 20,786 | ||||||
Wistron Corp. | 30,621 | 26,150 | ||||||
WPG Holdings Ltd. | 58,000 | 76,188 | ||||||
Yageo Corp. | 2,000 | 35,806 | ||||||
Yuanta Financial Holding Co., Ltd. | 202,236 | 92,597 | ||||||
|
| |||||||
Total Taiwan | 10,713,484 | |||||||
Thailand – 2.5% | ||||||||
Advanced Info Service PCL NVDR | 37,700 | 250,771 | ||||||
Bangkok Bank PCL NVDR | 2,600 | 16,380 | ||||||
Bangkok Dusit Medical Services PCL NVDR | 150,800 | 113,329 | ||||||
Bank of Ayudhya PCL NVDR | 78,100 | 100,529 | ||||||
Banpu PCL NVDR | 118,400 | 76,863 | ||||||
Berli Jucker PCL NVDR | 51,800 | 94,423 | ||||||
BTS Group Holdings PCL NVDR | 226,300 | 60,429 | ||||||
Bumrungrad Hospital PCL NVDR | 14,500 | 98,769 | ||||||
Central Pattana PCL NVDR | 45,400 | 113,246 | ||||||
Charoen Pokphand Foods PCL NVDR | 124,600 | 100,612 | ||||||
CP ALL PCL NVDR | 147,900 | 416,220 | ||||||
Delta Electronics Thailand PCL NVDR | 10,700 | 23,268 | ||||||
Energy Absolute PCL NVDR | 66,800 | 93,460 | ||||||
Glow Energy PCL NVDR | 28,900 | 79,482 | ||||||
Home Product Center PCL NVDR | 144,900 | 65,800 | ||||||
Indorama Ventures PCL NVDR | 78,400 | 143,537 | ||||||
Kasikornbank PCL NVDR | 46,200 | 313,220 | ||||||
Land & Houses PCL NVDR | 153,500 | 51,543 | ||||||
Thai Union Group PCL NVDR | 69,600 | 42,067 | ||||||
True Corp. PCL NVDR | 392,300 | 89,074 | ||||||
|
| |||||||
Total Thailand | 2,343,022 | |||||||
Turkey – 1.1% | ||||||||
Akbank Turk AS | 69,855 | 168,404 | ||||||
Anadolu Efes Biracilik ve Malt Sanayii AS | 5,029 | 33,997 | ||||||
BIM Birlesik Magazalar AS | 6,683 | 121,297 | ||||||
Haci Omer Sabanci Holding AS | 53,922 | 142,925 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 9,916 | 67,685 | ||||||
Tupras Turkiye Petrol Rafinerileri AS | 3,894 | 106,556 | ||||||
Turkcell Iletisim Hizmetleri AS | 19,864 | 75,968 | ||||||
Turkiye Garanti Bankasi AS | 65,642 | 181,280 | ||||||
Turkiye Is Bankasi AS Group C | 46,561 | 83,921 | ||||||
|
| |||||||
Total Turkey | 982,033 | |||||||
TOTAL COMMON STOCKS (Cost: $92,053,879) | 92,420,098 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% | ||||||||
United States – 0.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $243,090)(d) | 243,090 | 243,090 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $92,296,969) | 92,663,188 | |||||||
Other Assets less Liabilities – 0.1% | 113,273 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 92,776,461 |
* | 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 $98,267, which represents 0.11% 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 March 31, 2018 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $627,142 and the total market value of the collateral held by the Fund was $661,168. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $418,078. |
ADR – American Depositary Receipt
GDR – Global Depositary Receipt
NVDR – Non-Voting Depositary Receipt
Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
See Notes to Financial Statements.
36 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
March 31, 2018
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 | |||||||||||||||||||||||
Citibank N.A. | 4/2/2018 | 1,170,898 | BRL | 352,044 | USD | $ | 254 | $ | — | |||||||||||||||||||
Citibank N.A. | 4/2/2018 | 15,513,268 | MXN | 845,788 | USD | 4,092 | — | |||||||||||||||||||||
Citibank N.A. | 4/2/2018 | 452,660 | USD | 1,505,546 | BRL | — | (327 | ) | ||||||||||||||||||||
Citibank N.A. | 4/2/2018 | 558,143 | USD | 600,450,393 | KRW | — | (5,184 | ) | ||||||||||||||||||||
Citibank N.A. | 4/2/2018 | 758,100 | USD | 13,904,910 | MXN | — | (3,667 | ) | ||||||||||||||||||||
Deutsche Bank AG | 4/2/2018 | 40,170,110 | KRW | 37,789 | USD | — | (103 | ) | ||||||||||||||||||||
Deutsche Bank AG | 4/3/2018 | 196,769 | USD | 2,294,839 | ZAR | 3,091 | — | |||||||||||||||||||||
Deutsche Bank AG | 4/3/2018 | 2,585,832 | ZAR | 221,720 | USD | — | (3,483 | ) | ||||||||||||||||||||
Merrill Lynch International | 4/2/2018 | 645,681 | USD | 8,876,177,429 | IDR | 961 | — | |||||||||||||||||||||
$ | 8,398 | $ | (12,764 | ) |
CURRENCY LEGEND |
BRL – Brazilian real
IDR – Indonesian rupiah
KRW – South Korean won
MXN – Mexican peso
USD – U.S. dollar
ZAR – South African rand
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 37 |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 96.7% | ||||||||
Brazil – 3.2% | ||||||||
AES Tiete Energia S.A. | 600,975 | $ | 2,195,161 | |||||
Banco Santander Brasil S.A. | 517,618 | 6,215,590 | ||||||
BB Seguridade Participacoes S.A. | 919,569 | 8,098,383 | ||||||
Cia Hering | 413,855 | 2,570,095 | ||||||
Cia Paranaense de Energia | 246,444 | 1,707,668 | ||||||
Cosan S.A. Industria e Comercio | 378,891 | 4,732,147 | ||||||
EcoRodovias Infraestrutura e Logistica S.A. | 219,222 | 577,143 | ||||||
Engie Brasil Energia S.A. | 768,692 | 9,057,040 | ||||||
Estacio Participacoes S.A. | 571,092 | 6,008,872 | ||||||
Ez Tec Empreendimentos e Participacoes S.A. | 242,971 | 1,687,258 | ||||||
Fleury S.A. | 268,698 | 2,194,146 | ||||||
Grendene S.A. | 242,175 | 1,993,594 | ||||||
Itau Unibanco Holding S.A. | 321,456 | 4,364,938 | ||||||
Magnesita Refratarios S.A. | 115,390 | 2,020,610 | ||||||
MRV Engenharia e Participacoes S.A. | 417,439 | 2,040,975 | ||||||
Multiplus S.A. | 180,035 | 1,671,103 | ||||||
Porto Seguro S.A. | 122,220 | 1,785,715 | ||||||
Qualicorp S.A. | 361,440 | 2,422,940 | ||||||
Smiles Fidelidade S.A. | 136,479 | 2,853,921 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 1,305,176 | 8,533,360 | ||||||
Tupy S.A. | 225,573 | 1,151,755 | ||||||
|
| |||||||
Total Brazil | 73,882,414 | |||||||
Chile – 1.2% | ||||||||
AES Gener S.A. | 10,843,413 | 3,074,455 | ||||||
Aguas Andinas S.A. Class A | 5,669,860 | 3,690,226 | ||||||
Banco Santander Chile | 33,250,722 | 2,803,007 | ||||||
Empresas Lipigas S.A. | 314,536 | 2,814,103 | ||||||
Enel Chile S.A. | 33,116,361 | 4,292,318 | ||||||
Enel Generacion Chile S.A. | 6,878,099 | 5,611,856 | ||||||
Grupo Security S.A. | 2,028,422 | 1,024,923 | ||||||
Inversiones Aguas Metropolitanas S.A. | 1,224,818 | 2,254,356 | ||||||
Inversiones La Construccion S.A. | 72,827 | 1,433,819 | ||||||
|
| |||||||
Total Chile | 26,999,063 | |||||||
China – 21.2% | ||||||||
Agile Group Holdings Ltd. | 978,000 | 2,021,222 | ||||||
Agricultural Bank of China Ltd. Class H | 27,077,000 | 15,387,207 | ||||||
BAIC Motor Corp., Ltd. Class H(a) | 1,475,500 | 1,808,584 | ||||||
Bank of China Ltd. Class H | 71,055,084 | 38,206,039 | ||||||
Bank of Chongqing Co., Ltd. Class H | 1,036,000 | 805,219 | ||||||
Bank of Communications Co., Ltd. Class H | 22,922,287 | 17,962,115 | ||||||
Beijing Capital Land Ltd. Class H | 1,552,000 | 945,244 | ||||||
Central China Securities Co., Ltd. Class H(b) | 2,531,000 | 944,896 | ||||||
China Cinda Asset Management Co., Ltd. Class H | 8,569,000 | 3,111,712 | ||||||
China CITIC Bank Corp., Ltd. Class H | 10,549,000 | 7,204,444 | ||||||
China Construction Bank Corp. Class H | 69,694,054 | 71,573,981 | ||||||
China Lilang Ltd. | 1,861,000 | 2,323,790 | ||||||
China Minsheng Banking Corp., Ltd. Class H | 4,299,500 | 4,179,910 | ||||||
China Mobile Ltd. | 6,811,000 | 62,440,459 | ||||||
China Petroleum & Chemical Corp. Class H | 49,438,000 | 43,401,478 | ||||||
China Power International Development Ltd.(b) | 15,572,000 | 4,007,930 | ||||||
China Resources Cement Holdings Ltd. | 2,592,000 | 2,239,181 | ||||||
China Resources Power Holdings Co., Ltd. | 4,090,000 | 7,462,610 | ||||||
China Sanjiang Fine Chemicals Co., Ltd. | 1,646,000 | 673,224 | ||||||
China SCE Property Holdings Ltd. | 1,375,000 | 711,301 | ||||||
China Suntien Green Energy Corp., Ltd. Class H | 4,367,000 | 1,224,138 | ||||||
China Vanke Co., Ltd. Class H | 724,200 | 3,303,436 | ||||||
China Zhongwang Holdings Ltd.(b) | 3,974,800 | 2,360,074 | ||||||
Chongqing Rural Commercial Bank Co., Ltd. Class H | 2,971,991 | 2,275,864 | ||||||
CIFI Holdings Group Co., Ltd. | 2,210,000 | 1,928,889 | ||||||
CITIC Telecom International Holdings Ltd. | 3,524,000 | 1,019,263 | ||||||
CNOOC Ltd. | 24,519,000 | 36,114,782 | ||||||
COSCO Shipping Energy Transportation Co., Ltd. Class H | 1,934,000 | 995,548 | ||||||
Dali Foods Group Co., Ltd.(a) | 3,121,000 | 2,568,921 | ||||||
Dongfeng Motor Group Co., Ltd. Class H | 3,234,000 | 3,753,901 | ||||||
E-Commodities Holdings Ltd. | 7,308,000 | 689,056 | ||||||
Great Wall Motor Co., Ltd. Class H(b) | 3,840,000 | 3,850,617 | ||||||
Greatview Aseptic Packaging Co., Ltd. | 1,625,000 | 1,093,230 | ||||||
Guangdong Investment Ltd. | 3,690,000 | 5,801,842 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 1,471,600 | 3,671,359 | ||||||
Hisense Kelon Electrical Holdings Co., Ltd. Class H | 436,000 | 497,203 | ||||||
Huabao International Holdings Ltd. | 1,975,000 | 1,308,564 | ||||||
Huaneng Power International, Inc. Class H | 11,020,000 | 7,399,743 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 65,725,823 | 56,360,586 | ||||||
Jiangnan Group Ltd.(b) | 13,108,000 | 810,033 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 1,556,527 | 2,201,426 | ||||||
Kingboard Laminates Holdings Ltd. | 1,151,500 | 1,669,670 | ||||||
KWG Property Holding Ltd. | 2,323,000 | 3,167,068 | ||||||
Lenovo Group Ltd.(b) | 13,878,000 | 7,090,807 | ||||||
Logan Property Holdings Co., Ltd. | 1,070,000 | 1,627,843 | ||||||
Powerlong Real Estate Holdings Ltd.(b) | 1,913,000 | 1,006,675 | ||||||
Red Star Macalline Group Corp., Ltd. Class H(a)(b) | 1,156,600 | 1,354,326 | ||||||
Shandong Chenming Paper Holdings Ltd. Class H(b) | 428,000 | 723,122 | ||||||
Shanghai Industrial Holdings Ltd. | 583,000 | 1,519,100 | ||||||
Shenzhen Expressway Co., Ltd. Class H | 982,000 | 999,730 | ||||||
Shenzhen Investment Ltd. | 3,934,000 | 1,669,179 | ||||||
Shimao Property Holdings Ltd. | 1,214,000 | 3,433,967 | ||||||
Sino-Ocean Group Holding Ltd. | 3,958,000 | 2,869,541 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 8,396,000 | 5,102,878 | ||||||
SITC International Holdings Co., Ltd. | 1,635,000 | 1,624,938 | ||||||
Times China Holdings Ltd.(b) | 872,000 | 1,333,282 | ||||||
Weichai Power Co., Ltd. Class H | 1,802,000 | 2,020,514 | ||||||
Xinhua Winshare Publishing and Media Co., Ltd. Class H | 2,404,000 | 1,920,554 | ||||||
Xinyi Glass Holdings Ltd.* | 4,558,000 | 6,864,615 | ||||||
Xinyi Solar Holdings Ltd.(b) | 7,468,000 | 3,016,393 | ||||||
Yuexiu Transport Infrastructure Ltd.(b) | 2,668,000 | 2,053,275 | ||||||
Yuzhou Properties Co., Ltd. | 3,499,000 | 2,385,185 |
See Notes to Financial Statements.
38 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2018
Investments | Shares | Value | ||||||
Zhejiang Expressway Co., Ltd. Class H | 2,024,398 | $ | 2,066,107 | |||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H(b) | 2,076,600 | 793,777 | ||||||
|
| |||||||
Total China | 482,951,567 | |||||||
Czech Republic – 1.0% | ||||||||
CEZ AS | 507,554 | 12,639,240 | ||||||
Komercni Banka AS | 72,299 | 3,296,078 | ||||||
Moneta Money Bank AS(a) | 1,037,863 | 4,299,141 | ||||||
O2 Czech Republic AS | 225,799 | 3,117,759 | ||||||
|
| |||||||
Total Czech Republic | 23,352,218 | |||||||
Hong Kong – 0.1% | ||||||||
CP Pokphand Co., Ltd. | 16,290,000 | 1,266,121 | ||||||
Stella International Holdings Ltd. | 873,500 | 1,164,177 | ||||||
|
| |||||||
Total Hong Kong | 2,430,298 | |||||||
Hungary – 0.1% | ||||||||
Magyar Telekom Telecommunications PLC | 972,293 | 1,737,087 | ||||||
Indonesia – 1.1% | ||||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 3,315,900 | 496,151 | ||||||
Gudang Garam Tbk PT | 688,600 | 3,624,934 | ||||||
Indo Tambangraya Megah Tbk PT | 1,949,300 | 4,035,232 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 4,367,200 | 5,075,373 | ||||||
Japfa Comfeed Indonesia Tbk PT | 6,604,700 | 710,002 | ||||||
Matahari Department Store Tbk PT | 5,624,700 | 4,473,613 | ||||||
Perusahaan Gas Negara Persero Tbk | 44,253,600 | 7,393,011 | ||||||
|
| |||||||
Total Indonesia | 25,808,316 | |||||||
Malaysia – 2.8% | ||||||||
AirAsia Bhd | 5,008,800 | 5,089,086 | ||||||
Alliance Bank Malaysia Bhd | 1,655,400 | 1,870,243 | ||||||
AMMB Holdings Bhd | 1,282,300 | 1,289,593 | ||||||
Ann Joo Resources Bhd | 785,300 | 609,074 | ||||||
Astro Malaysia Holdings Bhd | 4,669,700 | 2,414,530 | ||||||
Berjaya Sports Toto Bhd | 1,173,772 | 661,536 | ||||||
Bermaz Auto Bhd | 1,717,300 | 958,989 | ||||||
British American Tobacco Malaysia Bhd | 309,597 | 2,114,672 | ||||||
DiGi.Com Bhd | 4,334,047 | 5,199,064 | ||||||
HAP Seng Consolidated Bhd | 705,600 | 1,798,660 | ||||||
Heineken Malaysia Bhd | 562,900 | 3,026,970 | ||||||
Lingkaran Trans Kota Holdings Bhd | 746,800 | 1,098,576 | ||||||
Mah Sing Group Bhd | 1,335,000 | 345,140 | ||||||
Malakoff Corp. Bhd | 7,205,857 | 1,658,018 | ||||||
Malayan Banking Bhd | 7,006,065 | 19,199,661 | ||||||
MISC Bhd | 2,784,100 | 5,074,433 | ||||||
Petronas Gas Bhd | 337,900 | 1,558,463 | ||||||
SP Setia Bhd Group | 1,788,993 | 1,382,908 | ||||||
UOA Development Bhd | 808,759 | 505,997 | ||||||
YTL Corp. Bhd | 12,416,278 | 4,333,499 | ||||||
YTL Power International Bhd | 10,574,996 | 2,788,649 | ||||||
|
| |||||||
Total Malaysia | 62,977,761 | |||||||
Mexico – 2.2% | ||||||||
Alpek S.A.B. de C.V. | 1,807,788 | 2,501,697 | ||||||
Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Class B | 3,934,168 | 5,636,097 | ||||||
Concentradora Fibra Danhos S.A. de C.V. | 1,816,969 | 3,007,129 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 564,478 | 2,741,445 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B | 693,021 | 6,819,917 | ||||||
Grupo Financiero Banorte S.A.B. de C.V. Class O | 3,198,094 | 19,470,468 | ||||||
Grupo Financiero Interacciones S.A. de C.V. Class O | 201,402 | 975,812 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 1,799,560 | 3,355,906 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.* | 1,915,669 | 2,143,039 | ||||||
Nemak S.A.B. de C.V.(a) | 2,362,666 | 1,933,779 | ||||||
Prologis Property Mexico S.A. de C.V. | 675,465 | 1,286,283 | ||||||
|
| |||||||
Total Mexico | 49,871,572 | |||||||
Philippines – 0.5% | ||||||||
Globe Telecom, Inc. | 76,775 | 2,386,643 | ||||||
Manila Electric Co. | 640,060 | 3,900,898 | ||||||
PLDT, Inc. | 198,854 | 5,602,326 | ||||||
|
| |||||||
Total Philippines | 11,889,867 | |||||||
Poland – 0.6% | ||||||||
Asseco Poland S.A. | 128,903 | 1,693,468 | ||||||
Bank Handlowy w Warszawie S.A. | 102,501 | 2,262,305 | ||||||
Bank Pekao S.A. | 273,447 | 9,843,230 | ||||||
|
| |||||||
Total Poland | 13,799,003 | |||||||
Russia – 14.0% | ||||||||
Gazprom PJSC ADR | 18,937,638 | 92,150,546 | ||||||
Lukoil PJSC ADR | 1,353,481 | 93,254,841 | ||||||
Magnitogorsk Iron & Steel Works PJSC GDR Reg S | 160,776 | 1,598,113 | ||||||
MegaFon PJSC GDR Reg S | 412,785 | 4,082,444 | ||||||
MMC Norilsk Nickel PJSC ADR | 1,969,381 | 36,502,477 | ||||||
Mobile TeleSystems PJSC ADR | 1,994,930 | 22,722,253 | ||||||
Novolipetsk Steel PJSC GDR | 362,889 | 9,035,936 | ||||||
PhosAgro PJSC GDR Reg S | 125,506 | 1,824,857 | ||||||
RusHydro PJSC ADR | 2,473,714 | 3,111,932 | ||||||
Severstal PJSC GDR Reg S | 887,797 | 13,396,857 | ||||||
Sistema PJSC FC GDR Reg S | 633,317 | 2,558,601 | ||||||
Tatneft PJSC ADR | 613,917 | 38,750,441 | ||||||
TMK PAO GDR Reg S | 306,861 | 1,730,696 | ||||||
|
| |||||||
Total Russia | 320,719,994 | |||||||
Singapore – 0.1% | ||||||||
IGG, Inc.(b) | 1,171,000 | 1,602,454 | ||||||
South Africa – 12.6% | ||||||||
Aeci Ltd. | 217,968 | 2,124,722 | ||||||
African Rainbow Minerals Ltd. | 354,907 | 3,037,246 | ||||||
Alexander Forbes Group Holdings Ltd. | 2,209,225 | 1,342,456 | ||||||
Assore Ltd. | 132,669 | 3,269,488 | ||||||
AVI Ltd. | 394,266 | 3,687,525 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2018
Investments | Shares | Value | ||||||
Barclays Africa Group Ltd. | 814,902 | $ | 13,046,685 | |||||
Coronation Fund Managers Ltd. | 495,709 | 3,377,871 | ||||||
Exxaro Resources Ltd. | 502,277 | 4,620,164 | ||||||
FirstRand Ltd.(b) | 4,219,290 | 23,822,808 | ||||||
Foschini Group Ltd. (The) | 428,836 | 8,098,074 | ||||||
Hyprop Investments Ltd. | 392,431 | 3,584,250 | ||||||
Imperial Holdings Ltd.(b) | 223,834 | 4,406,311 | ||||||
Investec Ltd. | 239,313 | 1,863,809 | ||||||
JSE Ltd. | 72,895 | 1,140,173 | ||||||
Kumba Iron Ore Ltd.(b) | 179,635 | 4,291,228 | ||||||
Lewis Group Ltd. | 612,472 | 2,181,354 | ||||||
Liberty Holdings Ltd.(b) | 335,067 | 3,550,388 | ||||||
Life Healthcare Group Holdings Ltd. | 2,355,615 | 5,489,063 | ||||||
Mr. Price Group Ltd. | 365,031 | 8,780,153 | ||||||
MTN Group Ltd.(b) | 4,544,840 | 45,652,652 | ||||||
Nedbank Group Ltd.(b) | 355,421 | 8,565,200 | ||||||
Netcare Ltd. | 2,335,268 | 5,518,515 | ||||||
Raubex Group Ltd. | 318,839 | 546,254 | ||||||
Resilient REIT Ltd. | 312,285 | 1,317,797 | ||||||
Reunert Ltd. | 659,651 | 4,146,497 | ||||||
RMB Holdings Ltd. | 998,157 | 6,499,235 | ||||||
Sanlam Ltd.(b) | 1,424,412 | 10,254,444 | ||||||
Santam Ltd. | 45,852 | 1,261,585 | ||||||
Sasol Ltd. | 839,988 | 28,585,999 | ||||||
SPAR Group Ltd. (The) | 178,215 | 3,046,670 | ||||||
Standard Bank Group Ltd.(b) | 1,555,209 | 28,702,868 | ||||||
Telkom S.A. SOC Ltd. | 1,214,093 | 5,424,545 | ||||||
Truworths International Ltd. | 1,097,364 | 9,958,819 | ||||||
Tsogo Sun Holdings Ltd. | 996,921 | 1,962,922 | ||||||
Vodacom Group Ltd. | 992,999 | 12,828,219 | ||||||
Woolworths Holdings Ltd. | 2,153,001 | 10,902,421 | ||||||
|
| |||||||
Total South Africa | 286,888,410 | |||||||
South Korea – 2.6% | ||||||||
Coway Co., Ltd. | 117,319 | 9,883,897 | ||||||
Doosan Corp. | 20,490 | 2,047,270 | ||||||
Grand Korea Leisure Co., Ltd. | 55,200 | 1,330,932 | ||||||
Hite Jinro Co., Ltd. | 29,917 | 630,112 | ||||||
Korea Electric Power Corp. | 588,476 | 18,136,257 | ||||||
Meritz Securities Co., Ltd. | 361,247 | 1,448,852 | ||||||
S-Oil Corp. | 106,461 | 11,985,477 | ||||||
SK Telecom Co., Ltd. | 65,792 | 14,412,639 | ||||||
|
| |||||||
Total South Korea | 59,875,436 | |||||||
Taiwan – 26.0% | ||||||||
AcBel Polytech, Inc. | 920,000 | 653,154 | ||||||
Advanced Semiconductor Engineering, Inc. | 8,423,343 | 12,133,635 | ||||||
Arcadyan Technology Corp.(b) | 632,000 | 1,185,664 | ||||||
Asia Cement Corp. | 3,269,158 | 3,201,100 | ||||||
Asustek Computer, Inc.(b) | 1,748,000 | 16,546,558 | ||||||
AU Optronics Corp.(b) | 14,933,000 | 6,965,353 | ||||||
Aurora Corp. | 298,000 | 928,024 | ||||||
Capital Securities Corp. | 2,936,000 | 1,132,833 | ||||||
Cathay Financial Holding Co., Ltd. | 7,014,000 | 12,629,386 | ||||||
Charoen Pokphand Enterprise | 257,000 | 576,458 | ||||||
Chaun-Choung Technology Corp.(b) | 264,000 | 826,669 | ||||||
Cheng Shin Rubber Industry Co., Ltd.(b) | 3,736,000 | 6,028,700 | ||||||
Chicony Electronics Co., Ltd. | 1,376,967 | 3,546,669 | ||||||
Chicony Power Technology Co., Ltd. | 440,000 | 905,443 | ||||||
Chin-Poon Industrial Co., Ltd. | 535,000 | 948,640 | ||||||
China Bills Finance Corp. | 3,338,000 | 1,705,807 | ||||||
China Development Financial Holding Corp.(b) | 19,806,000 | 6,996,666 | ||||||
China General Plastics Corp.(b) | 972,000 | 1,083,445 | ||||||
China Metal Products Co., Ltd. | 594,000 | 598,951 | ||||||
China Steel Chemical Corp.(b) | 147,000 | 773,896 | ||||||
Chong Hong Construction Co., Ltd.(b) | 875,000 | 2,571,852 | ||||||
Chunghwa Telecom Co., Ltd.(b) | 6,998,000 | 27,121,240 | ||||||
Cleanaway Co., Ltd. | 378,000 | 2,463,216 | ||||||
Compal Electronics, Inc. | 8,158,000 | 5,581,922 | ||||||
CTBC Financial Holding Co., Ltd. | 17,436,000 | 12,677,683 | ||||||
CTCI Corp.(b) | 1,316,000 | 2,186,789 | ||||||
Darfon Electronics Corp.(b) | 1,065,000 | 1,134,144 | ||||||
Elite Material Co., Ltd.(b) | 325,000 | 1,045,547 | ||||||
Eternal Materials Co., Ltd. | 1,463,105 | 1,482,826 | ||||||
Everlight Electronics Co., Ltd.(b) | 1,178,000 | 1,818,088 | ||||||
Far Eastern Department Stores Ltd. | 1,523,000 | 848,810 | ||||||
Far Eastern New Century Corp. | 2,979,402 | 2,702,788 | ||||||
Far EasTone Telecommunications Co., Ltd. | 2,711,000 | 7,270,988 | ||||||
Farglory Land Development Co., Ltd. | 2,653,000 | 2,993,576 | ||||||
Feng Hsin Steel Co., Ltd. | 1,002,000 | 2,044,758 | ||||||
Feng TAY Enterprise Co., Ltd. | 577,000 | 2,582,519 | ||||||
First Financial Holding Co., Ltd. | 12,941,540 | 9,010,298 | ||||||
Formosa Chemicals & Fibre Corp. | 9,228,000 | 34,339,541 | ||||||
Formosa Petrochemical Corp.(b) | 4,695,000 | 19,081,438 | ||||||
Formosa Plastics Corp. | 8,986,000 | 32,052,132 | ||||||
Foxconn Technology Co., Ltd.(b) | 1,488,000 | 4,062,311 | ||||||
Fubon Financial Holding Co., Ltd. | 6,088,000 | 10,481,792 | ||||||
Gemtek Technology Corp.(b) | 910,000 | 831,756 | ||||||
Getac Technology Corp.(b) | 1,341,000 | 1,943,178 | ||||||
Gigabyte Technology Co., Ltd. | 1,535,000 | 3,516,754 | ||||||
Grand Pacific Petrochemical(b) | 1,771,000 | 1,858,648 | ||||||
Great Wall Enterprise Co., Ltd.(b) | 1,113,000 | 1,318,865 | ||||||
Greatek Electronics, Inc. | 1,290,000 | 2,535,137 | ||||||
HannStar Display Corp.(b) | 4,807,000 | 1,648,661 | ||||||
Highwealth Construction Corp.*(b) | 3,150,000 | 4,877,817 | ||||||
Holtek Semiconductor, Inc. | 456,000 | 1,201,111 | ||||||
Hon Hai Precision Industry Co., Ltd. | 24,604,000 | 74,680,317 | ||||||
Hsin Kuang Steel Co., Ltd.(b) | 1,226,000 | 1,669,314 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 5,226,000 | 3,154,563 | ||||||
Huaku Development Co., Ltd. | 554,000 | 1,364,242 | ||||||
Huang Hsiang Construction Corp. | 1,269,000 | 1,290,457 | ||||||
IEI Integration Corp. | 425,000 | 556,084 | ||||||
Inventec Corp. | 8,117,000 | 6,444,715 | ||||||
ITEQ Corp. | 413,000 | 1,018,442 | ||||||
Kenda Rubber Industrial Co., Ltd. | 802,543 | 1,011,539 | ||||||
King Yuan Electronics Co., Ltd. | 2,287,000 | 2,392,341 | ||||||
King’s Town Bank(b) | 1,409,000 | 1,788,010 | ||||||
Kinsus Interconnect Technology Corp.(b) | 480,000 | 918,613 | ||||||
LCY Chemical Corp. | 1,994,000 | 3,029,605 |
See Notes to Financial Statements.
40 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2018
Investments | Shares | Value | ||||||
Lien Hwa Industrial Corp. | 2,243,085 | $ | 3,015,706 | |||||
Lite-On Technology Corp.(b) | 5,786,651 | 8,216,461 | ||||||
Long Chen Paper Co., Ltd.(b) | 877,772 | 981,424 | ||||||
Makalot Industrial Co., Ltd. | 333,000 | 1,570,378 | ||||||
Mega Financial Holding Co., Ltd.(b) | 13,056,302 | 11,284,385 | ||||||
Merry Electronics Co., Ltd.(b) | 261,000 | 1,508,334 | ||||||
Micro-Star International Co., Ltd. | 1,525,000 | 4,979,250 | ||||||
Nan Ya Plastics Corp. | 12,837,000 | 35,926,165 | ||||||
Novatek Microelectronics Corp. | 1,454,000 | 6,607,504 | ||||||
OptoTech Corp.* | 1,051,746 | 826,045 | ||||||
Pegatron Corp.(b) | 5,221,000 | 13,071,749 | ||||||
Pou Chen Corp. | 3,040,000 | 4,107,967 | ||||||
Powertech Technology, Inc. | 986,000 | 3,101,012 | ||||||
Primax Electronics Ltd. | 460,000 | 986,041 | ||||||
Qisda Corp.(b) | 4,043,000 | 3,050,588 | ||||||
Quang Viet Enterprise Co., Ltd. | 107,000 | 442,209 | ||||||
Quanta Computer, Inc.(b) | 5,329,990 | 10,803,663 | ||||||
Radiant Opto-Electronics Corp.(b) | 1,354,170 | 3,339,329 | ||||||
Realtek Semiconductor Corp. | 618,000 | 2,755,428 | ||||||
Rechi Precision Co., Ltd. | 1,482,000 | 1,565,511 | ||||||
Run Long Construction Co., Ltd.(b) | 1,607,000 | 2,810,886 | ||||||
Sercomm Corp.(b) | 349,000 | 982,711 | ||||||
Sheng Yu Steel Co., Ltd. | 1,211,000 | 1,156,715 | ||||||
Shiny Chemical Industrial Co., Ltd. | 256,000 | 746,304 | ||||||
Siliconware Precision Industries Co., Ltd. | 2,427,724 | 4,229,803 | ||||||
SinoPac Financial Holdings Co., Ltd.(b) | 7,164,451 | 2,543,200 | ||||||
Supreme Electronics Co., Ltd.(b) | 1,952,000 | 2,138,985 | ||||||
Syncmold Enterprise Corp. | 664,324 | 1,540,224 | ||||||
Taichung Commercial Bank Co., Ltd. | 6,380,000 | 2,231,917 | ||||||
Taishin Financial Holding Co., Ltd.(b) | 6,512,000 | 3,182,632 | ||||||
Taiwan Cement Corp.(b) | 5,650,485 | 7,083,213 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 6,099,000 | 3,597,860 | ||||||
Taiwan Fertilizer Co., Ltd. | 2,496,000 | 3,342,895 | ||||||
Taiwan Mobile Co., Ltd.(b) | 2,928,253 | 11,047,358 | ||||||
Taiwan Sakura Corp. | 512,000 | 674,308 | ||||||
Taiwan Secom Co., Ltd. | 325,538 | 1,009,316 | ||||||
Taiwan Styrene Monomer(b) | 3,656,000 | 2,708,427 | ||||||
Test Research, Inc. | 1,263,000 | 2,412,769 | ||||||
Thye Ming Industrial Co., Ltd. | 844,000 | 1,168,001 | ||||||
Tong Hsing Electronic Industries Ltd. | 192,000 | 813,252 | ||||||
Topco Scientific Co., Ltd. | 477,435 | 1,408,218 | ||||||
Transcend Information, Inc. | 958,000 | 2,838,811 | ||||||
Tripod Technology Corp.(b) | 658,000 | 2,211,613 | ||||||
Tung Ho Steel Enterprise Corp. | 1,824,000 | 1,570,203 | ||||||
TXC Corp. | 825,000 | 1,106,338 | ||||||
United Microelectronics Corp.(b) | 12,941,000 | 6,879,497 | ||||||
UPC Technology Corp. | 1,505,000 | 975,563 | ||||||
Walsin Lihwa Corp. | 5,635,000 | 3,382,121 | ||||||
Well Shin Technology Co., Ltd. | 554,000 | 1,014,631 | ||||||
Wistron Corp.(b) | 4,342,223 | 3,708,247 | ||||||
Wistron NeWeb Corp.(b) | 273,000 | 727,513 | ||||||
WPG Holdings Ltd. | 3,282,000 | 4,311,164 | ||||||
WT Microelectronics Co., Ltd. | 823,091 | 1,326,792 | ||||||
YC INOX Co., Ltd. | 1,230,000 | 1,111,586 | ||||||
Yulon Nissan Motor Co., Ltd.(b) | 220,000 | 2,014,611 | ||||||
Yungtay Engineering Co., Ltd. | 545,000 | 1,054,224 | ||||||
|
| |||||||
Total Taiwan | 593,172,535 | |||||||
Thailand – 5.4% | ||||||||
Advanced Info Service PCL NVDR | 1,833,900 | 12,198,631 | ||||||
Bangchak Corp. PCL NVDR | 2,406,100 | 2,789,291 | ||||||
BTS Group Holdings PCL NVDR(b) | 8,413,143 | 2,246,554 | ||||||
Glow Energy PCL NVDR | 812,500 | 2,234,570 | ||||||
Hana Microelectronics PCL NVDR(b) | 990,900 | 1,021,955 | ||||||
Intouch Holdings PCL NVDR | 3,140,759 | 5,825,520 | ||||||
IRPC PCL NVDR | 23,149,800 | 5,478,366 | ||||||
Jasmine International PCL NVDR(b) | 8,328,900 | 1,638,079 | ||||||
KGI Securities Thailand PCL NVDR | 12,298,800 | 1,864,289 | ||||||
Kiatnakin Bank PCL NVDR | 968,100 | 2,267,775 | ||||||
Krung Thai Bank PCL NVDR(b) | 3,920,100 | 2,369,360 | ||||||
Land & Houses PCL NVDR | 7,153,153 | 2,401,922 | ||||||
MC Group PCL NVDR(b) | 1,345,100 | 546,299 | ||||||
PTT Exploration & Production PCL NVDR | 2,726,500 | 9,983,506 | ||||||
PTT Global Chemical PCL NVDR | 3,055,434 | 9,233,723 | ||||||
PTT PCL NVDR | 1,648,200 | 29,095,184 | ||||||
Sansiri PCL NVDR | 13,662,500 | 734,026 | ||||||
Siam Cement PCL (The) NVDR | 472,400 | 7,553,566 | ||||||
Siam City Cement PCL NVDR(b) | 176,765 | 1,475,397 | ||||||
Siam Commercial Bank PCL (The) NVDR | 1,012,300 | 4,629,322 | ||||||
Siamgas & Petrochemicals PCL NVDR(b) | 1,384,000 | 1,283,530 | ||||||
Star Petroleum Refining PCL NVDR | 5,915,338 | 3,026,716 | ||||||
Thai Oil PCL NVDR | 2,158,300 | 6,332,716 | ||||||
Thai Vegetable Oil PCL NVDR | 1,813,897 | 1,986,760 | ||||||
Thanachart Capital PCL NVDR | 536,300 | 921,846 | ||||||
Tipco Asphalt PCL NVDR(b) | 1,357,600 | 751,087 | ||||||
Tisco Financial Group PCL NVDR | 396,600 | 1,138,307 | ||||||
TTW PCL NVDR(b) | 3,386,577 | 1,310,444 | ||||||
|
| |||||||
Total Thailand | 122,338,741 | |||||||
Turkey – 2.0% | ||||||||
Aksa Akrilik Kimya Sanayii AS | 494,539 | 2,071,087 | ||||||
Alarko Holding AS | 392,710 | 669,155 | ||||||
Cimsa Cimento Sanayi ve Ticaret AS | 382,186 | 1,303,411 | ||||||
Enka Insaat ve Sanayi AS | 1,473,767 | 2,049,896 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 3,621,273 | 9,580,184 | ||||||
Ford Otomotiv Sanayi AS | 106,489 | 1,674,727 | ||||||
Petkim Petrokimya Holding AS | 2,163,285 | 4,445,181 | ||||||
Soda Sanayii AS | 696,511 | 970,551 | ||||||
TAV Havalimanlari Holding AS | 249,717 | 1,505,337 | ||||||
Tupras Turkiye Petrol Rafinerileri AS | 322,501 | 8,824,938 | ||||||
Turk Traktor ve Ziraat Makineleri AS | 32,483 | 592,441 | ||||||
Turkcell Iletisim Hizmetleri AS | 3,026,626 | 11,575,045 | ||||||
Turkiye Is Bankasi AS Group C | 955,681 | 1,722,513 | ||||||
|
| |||||||
Total Turkey | 46,984,466 | |||||||
TOTAL COMMON STOCKS (Cost: $2,024,854,347) |
| 2,207,281,202 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 41 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets High Dividend Fund (DEM)
March 31, 2018
Investments | Shares | Value | ||||||
EXCHANGE-TRADED FUNDS – 3.1% | ||||||||
United States – 3.1% | ||||||||
iShares MSCI India ETF | 985,342 | $ | 33,629,722 | |||||
WisdomTree Global High Dividend Fund(b)(c) | 56,250 | 2,617,313 | ||||||
WisdomTree India Earnings Fund(b)(c) | 1,279,125 | 33,538,657 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost: $70,431,859) |
| 69,785,692 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.4% | ||||||||
United States – 5.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d) | ||||||||
(Cost: $124,481,158)(e) | 124,481,158 | 124,481,158 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 105.2% (Cost: $2,219,767,364) |
| 2,401,548,052 | ||||||
Other Assets less Liabilities – (5.2)% | (119,371,717 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,282,176,335 |
* | Non-income producing security. |
(a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(b) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(c) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $251,027,428 and the total market value of the collateral held by the Fund was $266,034,516. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $141,553,358. |
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 | |||||||||||||||||||||||
Morgan Stanley & Co. International | 4/2/2018 | 1,092,725 | USD | 4,313,697 | TRY | $ | 3,793 | $ | — | |||||||||||||||||||
Morgan Stanley & Co. International | 4/3/2018 | 2,099,371 | USD | 24,726,808 | ZAR | 12,500 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/2/2018 | 179,215 | USD | 691,878 | MYR | 343 | — | |||||||||||||||||||||
$ | 16,636 | $ | — |
CURRENCY LEGEND |
MYR – Malaysian ringgit
TRY – Turkish New lira
USD – U.S. dollar
ZAR – South African rand
See Notes to Financial Statements.
42 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
Brazil – 5.3% | ||||||||
CCR S.A. | 283,369 | $ | 1,065,746 | |||||
Estacio Participacoes S.A. | 91,507 | 962,811 | ||||||
Grendene S.A. | 28,091 | 231,246 | ||||||
Localiza Rent a Car S.A. | 44,566 | 385,105 | ||||||
Lojas Renner S.A. | 44,584 | 460,784 | ||||||
M. Dias Branco S.A. | 8,963 | 137,563 | ||||||
Natura Cosmeticos S.A. | 11,435 | 110,098 | ||||||
Odontoprev S.A. | 55,404 | 248,881 | ||||||
Ser Educacional S.A.(a) | 3,655 | 22,005 | ||||||
Smiles Fidelidade S.A. | 17,888 | 374,057 | ||||||
|
| |||||||
Total Brazil | 3,998,296 | |||||||
Chile – 0.9% | ||||||||
Aguas Andinas S.A. Class A | 768,990 | 500,497 | ||||||
Empresas Lipigas S.A. | 15,793 | 141,297 | ||||||
Forus S.A. | 12,023 | 47,420 | ||||||
|
| |||||||
Total Chile | 689,214 | |||||||
China – 14.9% | ||||||||
AAC Technologies Holdings, Inc. | 36,000 | 649,516 | ||||||
ANTA Sports Products Ltd. | 175,000 | 882,994 | ||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 26,000 | 48,831 | ||||||
Brilliance China Automotive Holdings Ltd. | 108,000 | 225,404 | ||||||
China Conch Venture Holdings Ltd. | 262,500 | 801,049 | ||||||
China Lesso Group Holdings Ltd. | 108,000 | 82,153 | ||||||
China Maple Leaf Educational Systems Ltd. | 54,000 | 72,383 | ||||||
China Medical System Holdings Ltd. | 190,000 | 431,406 | ||||||
China Overseas Property Holdings Ltd. | 135,000 | 42,143 | ||||||
China Pioneer Pharma Holdings Ltd. | 214,000 | 67,895 | ||||||
China Railway Signal & Communication Corp., Ltd. Class H(a) | 93,000 | 72,757 | ||||||
China Yuhua Education Corp., Ltd.(a)(b) | 34,000 | 17,415 | ||||||
Cogobuy Group(a)(b) | 49,000 | 24,849 | ||||||
Consun Pharmaceutical Group Ltd. | 72,000 | 76,419 | ||||||
Cosmo Lady China Holdings Co., Ltd.(a) | 124,000 | 67,148 | ||||||
CSPC Pharmaceutical Group Ltd. | 282,000 | 749,169 | ||||||
Geely Automobile Holdings Ltd. | 136,000 | 391,626 | ||||||
Greentown Service Group Co., Ltd. | 64,000 | 54,065 | ||||||
Guangzhou Automobile Group Co., Ltd. Class H | 234,000 | 431,130 | ||||||
Haitian International Holdings Ltd. | 87,000 | 263,828 | ||||||
Kingboard Laminates Holdings Ltd. | 116,000 | 168,200 | ||||||
Logan Property Holdings Co., Ltd.(b) | 454,000 | 690,692 | ||||||
Minth Group Ltd. | 66,000 | 300,638 | ||||||
Shenzhou International Group Holdings Ltd. | 115,000 | 1,211,058 | ||||||
Sino Biopharmaceutical Ltd. | 235,000 | 461,119 | ||||||
Sunny Optical Technology Group Co., Ltd. | 13,500 | 249,245 | ||||||
Tencent Holdings Ltd. | 38,300 | 1,998,863 | ||||||
TravelSky Technology Ltd. Class H | 45,000 | 130,442 | ||||||
Xiabuxiabu Catering Management China Holdings Co., Ltd.(a)(b) | 29,000 | 54,983 | ||||||
Yadea Group Holdings Ltd.(a) | 80,000 | 27,216 | ||||||
Yestar Healthcare Holdings Co., Ltd.(b) | 72,500 | 25,219 | ||||||
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a) | 39,000 | 179,638 | ||||||
Zhou Hei Ya International Holdings Co., Ltd.(a)(b) | 60,500 | 55,040 | ||||||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 46,864 | 226,907 | ||||||
|
| |||||||
Total China | 11,231,440 | |||||||
India – 15.1% | ||||||||
Adani Ports & Special Economic Zone Ltd. | 16,935 | 91,943 | ||||||
AIA Engineering Ltd. | 1,676 | 37,040 | ||||||
Ajanta Pharma Ltd.* | 2,962 | 63,142 | ||||||
Alembic Pharmaceuticals Ltd. | 4,268 | 35,883 | ||||||
Alkem Laboratories Ltd. | 1,792 | 54,631 | ||||||
Amara Raja Batteries Ltd. | 3,716 | 45,295 | ||||||
Asian Paints Ltd. | 14,449 | 248,210 | ||||||
Aurobindo Pharma Ltd. | 6,786 | 58,042 | ||||||
Bajaj Auto Ltd. | 7,105 | 298,997 | ||||||
Bajaj Corp., Ltd. | 11,103 | 80,359 | ||||||
Bajaj Holdings & Investment Ltd. | 2,111 | 86,241 | ||||||
Balkrishna Industries Ltd. | 2,890 | 47,352 | ||||||
Bata India Ltd. | 1,829 | 20,470 | ||||||
Berger Paints India Ltd. | 9,312 | 36,650 | ||||||
Bharat Forge Ltd. | 6,225 | 66,777 | ||||||
Britannia Industries Ltd. | 949 | 72,324 | ||||||
Cadila Healthcare Ltd.* | 11,504 | 66,646 | ||||||
Care Ratings Ltd. | 4,104 | 76,056 | ||||||
Castrol India Ltd. | 47,993 | 150,774 | ||||||
Ceat Ltd. | 1,061 | 24,504 | ||||||
Colgate-Palmolive India Ltd. | 4,495 | 72,840 | ||||||
CRISIL Ltd. | 3,695 | 106,760 | ||||||
Cummins India Ltd. | 6,483 | 69,604 | ||||||
Dabur India Ltd. | 27,122 | 136,563 | ||||||
DB Corp., Ltd.* | 6,832 | 32,635 | ||||||
DCM Shriram Ltd. | 2,867 | 18,649 | ||||||
Eicher Motors Ltd. | 301 | 130,941 | ||||||
Emami Ltd. | 2,481 | 40,659 | ||||||
Finolex Industries Ltd. | 3,367 | 34,059 | ||||||
GHCL Ltd. | 6,496 | 25,741 | ||||||
Godrej Consumer Products Ltd. | 14,409 | 241,613 | ||||||
Greaves Cotton Ltd. | 26,014 | 45,370 | ||||||
Gulf Oil Lubricants India Ltd. | 1,568 | 21,980 | ||||||
Havells India Ltd. | 11,286 | 84,418 | ||||||
Hero MotoCorp Ltd. | 13,613 | 739,449 | ||||||
Hexaware Technologies Ltd. | 12,276 | 70,931 | ||||||
Hindustan Unilever Ltd. | 69,176 | 1,414,189 | ||||||
Hindustan Zinc Ltd. | 7,491 | 34,519 | ||||||
Indraprastha Gas Ltd. | 8,322 | 35,657 | ||||||
InterGlobe Aviation Ltd.(a) | 10,211 | 202,031 | ||||||
ITC Ltd. | 375,155 | 1,469,635 | ||||||
Kajaria Ceramics Ltd. | 2,456 | 21,560 | ||||||
Kansai Nerolac Paints Ltd. | 4,797 | 37,201 | ||||||
L&T Technology Services Ltd.(a) | 1,680 | 31,827 | ||||||
Larsen & Toubro Infotech Ltd.(a) | 1,270 | 26,106 | ||||||
Mahanagar Gas Ltd. | 1,916 | 28,144 | ||||||
Marico Ltd. | 36,315 | 181,542 | ||||||
Maruti Suzuki India Ltd. | 6,912 | 939,073 | ||||||
Mindtree Ltd. | 8,656 | 102,451 | ||||||
Motherson Sumi Systems Ltd. | 19,851 | 94,641 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
March 31, 2018
Investments | Shares | Value | ||||||
Natco Pharma Ltd. | 4,658 | $ | 53,824 | |||||
Nestle India Ltd. | 1,485 | 186,782 | ||||||
Persistent Systems Ltd. | 2,919 | 31,062 | ||||||
PI Industries Ltd. | 2,854 | 38,735 | ||||||
Pidilite Industries Ltd. | 4,261 | 59,961 | ||||||
Rallis India Ltd. | 8,967 | 32,756 | ||||||
Siemens Ltd. | 2,727 | 44,857 | ||||||
Solar Industries India Ltd. | 1,126 | 18,448 | ||||||
Sonata Software Ltd. | 9,391 | 45,053 | ||||||
Sun Pharmaceutical Industries Ltd. | 51,482 | 390,802 | ||||||
Sun TV Network Ltd. | 8,602 | 111,921 | ||||||
Supreme Industries Ltd. | 2,749 | 50,327 | ||||||
Supreme Petrochem Ltd. | 3,024 | 14,909 | ||||||
Tata Consultancy Services Ltd. | 32,527 | 1,420,912 | ||||||
Thyrocare Technologies Ltd.(a) | 2,688 | 24,598 | ||||||
Titan Co., Ltd. | 5,503 | 79,505 | ||||||
Torrent Pharmaceuticals Ltd. | 3,632 | 69,595 | ||||||
TVS Motor Co., Ltd. | 1,520 | 14,433 | ||||||
UPL Ltd. | 22,950 | 256,958 | ||||||
Vakrangee Ltd. | 7,278 | 24,700 | ||||||
Vardhman Textiles Ltd. | 1,877 | 35,173 | ||||||
Voltas Ltd. | 4,836 | 46,038 | ||||||
Welspun India Ltd. | 20,039 | 17,836 | ||||||
Zee Entertainment Enterprises Ltd. | 17,395 | 153,489 | ||||||
|
| |||||||
Total India | 11,374,798 | |||||||
Indonesia – 7.0% | ||||||||
Ace Hardware Indonesia Tbk PT | 769,507 | 74,338 | ||||||
Hanjaya Mandala Sampoerna Tbk PT | 1,919,700 | 554,960 | ||||||
Kalbe Farma Tbk PT | 1,985,631 | 216,339 | ||||||
Matahari Department Store Tbk PT | 816,900 | 649,723 | ||||||
Nippon Indosari Corpindo Tbk PT | 375,500 | 32,866 | ||||||
Pakuwon Jati Tbk PT | 1,333,400 | 61,016 | ||||||
Surya Citra Media Tbk PT | 989,900 | 194,852 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 11,219,000 | 2,933,604 | ||||||
Unilever Indonesia Tbk PT | 163,265 | 587,303 | ||||||
|
| |||||||
Total Indonesia | 5,305,001 | |||||||
Malaysia – 1.8% | ||||||||
Fraser & Neave Holdings Bhd | 14,200 | 122,543 | ||||||
Hai-O Enterprise Bhd | 28,600 | 37,192 | ||||||
HAP Seng Consolidated Bhd | 100,400 | 255,932 | ||||||
Hartalega Holdings Bhd | 133,600 | 208,966 | ||||||
HeveaBoard Bhd | 143,600 | 28,958 | ||||||
Inari Amertron Bhd | 147,550 | 104,902 | ||||||
Kossan Rubber Industries | 22,800 | 45,388 | ||||||
Lingkaran Trans Kota Holdings Bhd | 58,000 | 85,321 | ||||||
Matrix Concepts Holdings Bhd | 189,900 | 97,699 | ||||||
My EG Services Bhd | 77,850 | 58,367 | ||||||
Padini Holdings Bhd | 46,900 | 54,199 | ||||||
Petron Malaysia Refining & Marketing Bhd | 9,300 | 20,653 | ||||||
Scientex Bhd | 33,300 | 72,747 | ||||||
Serba Dinamik Holdings Bhd | 53,800 | 47,569 | ||||||
SKP Resources Bhd | 135,600 | 55,390 | ||||||
Sunway Construction Group Bhd | 84,400 | 44,949 | ||||||
|
| |||||||
Total Malaysia | 1,340,775 | |||||||
Mexico – 5.8% | ||||||||
America Movil S.A.B. de C.V. Series L | 2,928,321 | 2,767,335 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 104,660 | 508,292 | ||||||
Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B | 26,641 | 447,220 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 296,746 | 553,386 | ||||||
Promotora y Operadora de Infraestructura S.A.B. de C.V. Series L | 3,584 | 24,816 | ||||||
Rassini S.A.B. de C.V. | 22,177 | 95,021 | ||||||
|
| |||||||
Total Mexico | 4,396,070 | |||||||
Philippines – 0.3% | ||||||||
D&L Industries, Inc. | 278,800 | 61,768 | ||||||
Semirara Mining & Power Corp. | 283,330 | 164,533 | ||||||
|
| |||||||
Total Philippines | 226,301 | |||||||
Poland – 0.4% | ||||||||
CCC S.A. | 1,482 | 100,897 | ||||||
CD Projekt S.A. | 2,041 | 65,187 | ||||||
LiveChat Software S.A. | 2,352 | 25,406 | ||||||
Warsaw Stock Exchange | 6,853 | 82,629 | ||||||
|
| |||||||
Total Poland | 274,119 | |||||||
Russia – 10.0% | ||||||||
Magnit PJSC GDR Reg S | 62,637 | 1,154,713 | ||||||
MMC Norilsk Nickel PJSC ADR | 245,021 | 4,541,464 | ||||||
Novatek PJSC GDR Reg S | 13,389 | 1,834,293 | ||||||
|
| |||||||
Total Russia | 7,530,470 | |||||||
Singapore – 0.3% | ||||||||
IGG, Inc.(b) | 168,000 | 229,899 | ||||||
South Africa – 10.7% | ||||||||
Astral Foods Ltd. | 4,782 | 126,250 | ||||||
AVI Ltd. | 102,798 | 961,458 | ||||||
City Lodge Hotels Ltd. | 3,148 | 43,891 | ||||||
Clicks Group Ltd. | 32,319 | 496,729 | ||||||
Mr. Price Group Ltd. | 57,995 | 1,394,963 | ||||||
Naspers Ltd. Class N | 4,905 | 1,197,128 | ||||||
Netcare Ltd. | 410,869 | 970,932 | ||||||
Pick n Pay Stores Ltd. | 82,218 | 475,596 | ||||||
RMB Holdings Ltd. | 293,589 | 1,911,627 | ||||||
Santam Ltd. | 4,225 | 116,248 | ||||||
Tsogo Sun Holdings Ltd. | 182,591 | 359,519 | ||||||
|
| |||||||
Total South Africa | 8,054,341 | |||||||
South Korea – 7.7% | ||||||||
BGF Co., Ltd. | 1,099 | 13,507 | ||||||
Caregen Co., Ltd. | 666 | 56,922 | ||||||
Com2uS Corp. | 430 | 75,318 | ||||||
Cosmax, Inc. | 513 | 68,583 | ||||||
Dongwon Development Co., Ltd. | 8,168 | 35,863 | ||||||
DoubleUGames Co., Ltd. | 554 | 36,694 | ||||||
Grand Korea Leisure Co., Ltd. | 8,771 | 211,478 | ||||||
Hanssem Co., Ltd. | 511 | 74,068 | ||||||
IS Dongseo Co., Ltd. | 3,664 | 106,562 | ||||||
It’s Hanbul Co., Ltd. | 1,761 | 112,179 |
See Notes to Financial Statements.
44 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
March 31, 2018
Investments | Shares | Value | ||||||
Jeju Air Co., Ltd. | 928 | $ | 41,006 | |||||
Korea Asset In Trust Co., Ltd. | 8,480 | 48,609 | ||||||
Korea Petrochemical Ind Co., Ltd. | 511 | 142,863 | ||||||
Korea Real Estate Investment & Trust Co., Ltd. | 28,889 | 80,631 | ||||||
LEENO Industrial, Inc. | 671 | 36,890 | ||||||
Loen Entertainment, Inc. | 476 | 49,034 | ||||||
Medy-Tox, Inc. | 95 | 65,250 | ||||||
Modetour Network, Inc. | 1,980 | 73,096 | ||||||
NAVER Corp. | 86 | 63,901 | ||||||
NICE Information Service Co., Ltd. | 4,472 | 40,906 | ||||||
Samjin Pharmaceutical Co., Ltd. | 2,023 | 81,611 | ||||||
Samsung Electronics Co., Ltd. | 950 | 2,193,405 | ||||||
SK Holdings Co., Ltd. | 2,910 | 808,106 | ||||||
SK Hynix, Inc. | 15,657 | 1,194,215 | ||||||
SK Materials Co., Ltd. | 767 | 107,217 | ||||||
|
| |||||||
Total South Korea | 5,817,914 | |||||||
Taiwan – 13.6% | ||||||||
Accton Technology Corp. | 57,000 | 188,847 | ||||||
Advantech Co., Ltd. | 31,399 | 226,148 | ||||||
Aerospace Industrial Development Corp. | 7,998 | 9,368 | ||||||
ASMedia Technology, Inc. | 2,000 | 24,900 | ||||||
Aten International Co., Ltd. | 18,000 | 58,710 | ||||||
Catcher Technology Co., Ltd. | 86,000 | 1,050,039 | ||||||
Charoen Pokphand Enterprise | 61,000 | 136,825 | ||||||
China Steel Chemical Corp. | 38,000 | 200,055 | ||||||
Chong Hong Construction Co., Ltd. | 128,000 | 376,225 | ||||||
Chroma ATE, Inc. | 32,000 | 185,479 | ||||||
Cleanaway Co., Ltd. | 33,000 | 215,043 | ||||||
Cub Elecparts, Inc. | 7,618 | 103,465 | ||||||
Eclat Textile Co., Ltd. | 35,483 | 416,201 | ||||||
Elite Advanced Laser Corp. | 18,000 | 68,834 | ||||||
Elite Material Co., Ltd. | 37,000 | 119,031 | ||||||
Ennoconn Corp. | 4,050 | 68,827 | ||||||
Feng TAY Enterprise Co., Ltd. | 92,680 | 414,814 | ||||||
Flytech Technology Co., Ltd. | 7,000 | 19,663 | ||||||
Formosa International Hotels Corp. | 19,000 | 98,724 | ||||||
Foxsemicon Integrated Technology, Inc. | 3,000 | 23,614 | ||||||
Grape King Bio Ltd. | 28,000 | 238,639 | ||||||
Holtek Semiconductor, Inc. | 32,000 | 84,288 | ||||||
Hota Industrial Manufacturing Co., Ltd. | 32,383 | 137,720 | ||||||
Kung Long Batteries Industrial Co., Ltd. | 31,000 | 155,760 | ||||||
Largan Precision Co., Ltd. | 4,000 | 459,581 | ||||||
LCY Chemical Corp. | 287,000 | 436,056 | ||||||
Merry Electronics Co., Ltd. | 26,000 | 150,255 | ||||||
momo.com, Inc. | 9,000 | 83,651 | ||||||
Nien Made Enterprise Co., Ltd. | 28,000 | 269,369 | ||||||
Novatek Microelectronics Corp. | 119,000 | 540,779 | ||||||
Posiflex Technology, Inc. | 16,000 | 73,807 | ||||||
Ruentex Industries Ltd.* | 74,000 | 143,142 | ||||||
Shiny Chemical Industrial Co., Ltd. | 24,000 | 69,966 | ||||||
Sinbon Electronics Co., Ltd. | 30,000 | 84,371 | ||||||
Standard Foods Corp. | 67,408 | 156,747 | ||||||
Sunny Friend Environmental Technology Co., Ltd. | 11,000 | 86,583 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 333,291 | 2,829,150 | ||||||
Thinking Electronic Industrial Co., Ltd. | 10,000 | 33,028 | ||||||
Vivotek, Inc. | 9,175 | 27,849 | ||||||
Voltronic Power Technology Corp. | 9,150 | 173,855 | ||||||
|
| |||||||
Total Taiwan | 10,239,408 | |||||||
Thailand – 3.5% | ||||||||
Amata Corp. PCL NVDR | 96,500 | 64,189 | ||||||
Bangkok Aviation Fuel Services PCL NVDR | 53,000 | 61,017 | ||||||
Bumrungrad Hospital PCL NVDR | 28,490 | 194,064 | ||||||
Carabao Group PCL NVDR | 25,000 | 50,967 | ||||||
Chularat Hospital PCL NVDR | 435,100 | 26,855 | ||||||
Com7 PCL NVDR | 49,200 | 29,894 | ||||||
CP ALL PCL NVDR | 446,517 | 1,256,588 | ||||||
Eastern Polymer Group PCL NVDR | 126,900 | 27,596 | ||||||
Energy Absolute PCL NVDR | 55,300 | 77,371 | ||||||
Forth Smart Service PCL NVDR | 36,900 | 12,745 | ||||||
Karmarts PCL NVDR | 105,800 | 22,838 | ||||||
KCE Electronics PCL NVDR | 20,600 | 44,303 | ||||||
Malee Group PCL NVDR | 20,000 | 13,879 | ||||||
MCS Steel PCL NVDR | 140,600 | 44,963 | ||||||
SPCG PCL NVDR | 143,200 | 99,832 | ||||||
SVI PCL NVDR(b) | 205,900 | 28,577 | ||||||
Syntec Construction PCL NVDR | 145,200 | 23,217 | ||||||
Taokaenoi Food & Marketing PCL NVDR | 84,100 | 50,562 | ||||||
Thai Vegetable Oil PCL NVDR | 218,100 | 238,885 | ||||||
TIPCO Foods PCL NVDR(b) | 52,500 | 21,994 | ||||||
TTW PCL NVDR | 531,300 | 205,588 | ||||||
VGI Global Media PCL NVDR | 332,180 | 82,859 | ||||||
|
| |||||||
Total Thailand | 2,678,783 | |||||||
Turkey – 2.5% | ||||||||
Arcelik AS | 50,199 | 226,196 | ||||||
BIM Birlesik Magazalar AS | 30,442 | 552,527 | ||||||
EGE Endustri VE Ticaret AS | 263 | 25,427 | ||||||
Petkim Petrokimya Holding AS | 338,185 | 694,912 | ||||||
Sasa Polyester Sanayi AS(b) | 15,413 | 58,051 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 32,862 | 224,312 | ||||||
Turk Traktor ve Ziraat Makineleri AS | 5,645 | 102,956 | ||||||
|
| |||||||
Total Turkey | 1,884,381 | |||||||
TOTAL COMMON STOCKS (Cost: $66,354,509) | 75,271,210 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% | ||||||||
United States – 0.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $393,858)(d) | 393,858 | 393,858 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $66,748,367) | 75,665,068 | |||||||
Other Assets less Liabilities – (0.3)% | (223,082 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 75,441,986 |
* | 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. |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 45 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
March 31, 2018
(b) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $585,935 and the total market value of the collateral held by the Fund was $629,742. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $235,884. |
ADR – American Depositary Receipt
GDR – Global Depositary Receipt
NVDR – Non-Voting Depositary Receipt
Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
See Notes to Financial Statements.
46 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.7% | ||||||||
Brazil – 4.3% | ||||||||
AES Tiete Energia S.A. | 1,293,684 | $ | 4,725,395 | |||||
Alupar Investimento S.A. | 259,363 | 1,394,517 | ||||||
Arezzo Industria e Comercio S.A. | 135,558 | 2,061,757 | ||||||
Cia de Saneamento de Minas Gerais-COPASA | 199,264 | 2,882,601 | ||||||
Cia Hering | 930,054 | 5,775,760 | ||||||
Cia Paranaense de Energia | 142,077 | 984,485 | ||||||
CVC Brasil Operadora e Agencia de Viagens S.A. | 208,956 | 3,813,089 | ||||||
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes | 193,572 | 890,515 | ||||||
EcoRodovias Infraestrutura e Logistica S.A. | 805,424 | 2,120,430 | ||||||
Ez Tec Empreendimentos e Participacoes S.A. | 382,126 | 2,653,589 | ||||||
Grendene S.A. | 547,349 | 4,505,798 | ||||||
Guararapes Confeccoes S.A. | 15,523 | 703,009 | ||||||
Iguatemi Empresa de Shopping Centers S.A. | 144,019 | 1,701,223 | ||||||
Instituto Hermes Pardini S.A. | 71,573 | 665,640 | ||||||
Linx S.A. | 139,602 | 850,146 | ||||||
Magnesita Refratarios S.A. | 212,149 | 3,714,969 | ||||||
Mahle-Metal Leve S.A. | 89,599 | 663,177 | ||||||
Minerva S.A. | 291,684 | 664,354 | ||||||
MRV Engenharia e Participacoes S.A. | 1,394,618 | 6,818,673 | ||||||
Multiplus S.A. | 365,963 | 3,396,907 | ||||||
Odontoprev S.A. | 911,790 | 4,095,867 | ||||||
Sao Martinho S.A. | 169,558 | 894,317 | ||||||
SLC Agricola S.A. | 531,858 | 5,528,853 | ||||||
Sul America S.A. | 730,158 | 4,822,171 | ||||||
Tegma Gestao Logistica S.A. | 42,083 | 307,430 | ||||||
TOTVS S.A. | 273,384 | 2,369,778 | ||||||
Tupy S.A. | 691,383 | 3,530,139 | ||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A. | 261,769 | 1,433,444 | ||||||
Wiz Solucoes e Corretagem de Seguros S.A. | 422,616 | 1,411,433 | ||||||
|
| |||||||
Total Brazil | 75,379,466 | |||||||
Chile – 1.9% | ||||||||
CAP S.A. | 163,194 | 1,853,479 | ||||||
Empresas Lipigas S.A. | 264,271 | 2,364,391 | ||||||
Engie Energia Chile S.A. | 861,843 | 1,892,852 | ||||||
Forus S.A. | 253,236 | 998,779 | ||||||
Grupo Security S.A. | 7,114,714 | 3,594,931 | ||||||
Inversiones Aguas Metropolitanas S.A. | 1,560,446 | 2,872,101 | ||||||
Inversiones La Construccion S.A. | 265,978 | 5,236,580 | ||||||
Parque Arauco S.A. | 1,499,458 | 4,520,000 | ||||||
Ripley Corp. S.A. | 2,295,303 | 2,367,767 | ||||||
Salfacorp S.A. | 717,881 | 1,363,530 | ||||||
Sociedad Matriz SAAM S.A. | 10,873,674 | 1,114,094 | ||||||
SONDA S.A. | 533,352 | 1,036,014 | ||||||
Vina Concha y Toro S.A. | 1,454,222 | 3,145,696 | ||||||
|
| |||||||
Total Chile | 32,360,214 | |||||||
China – 20.7% | ||||||||
Angang Steel Co., Ltd. Class H(a) | 1,022,000 | 976,645 | ||||||
Anhui Expressway Co., Ltd. Class H | 2,091,666 | 1,599,072 | ||||||
AviChina Industry & Technology Co., Ltd. Class H | 2,169,000 | 1,528,302 | ||||||
BAIC Motor Corp., Ltd. Class H(b) | 4,981,500 | 6,106,040 | ||||||
Bank of Chongqing Co., Ltd. Class H | 3,675,000 | 2,856,351 | ||||||
BBMG Corp. Class H(a) | 3,960,000 | 1,786,170 | ||||||
Beijing Capital International Airport Co., Ltd. Class H | 2,680,000 | 3,599,149 | ||||||
Beijing Capital Land Ltd. Class H | 4,054,000 | 2,469,085 | ||||||
Beijing Jingneng Clean Energy Co., Ltd. Class H | 8,390,000 | 2,041,831 | ||||||
Beijing North Star Co., Ltd. Class H | 1,944,000 | 671,259 | ||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 420,000 | 788,808 | ||||||
Beijing Urban Construction Design & Development Group Co., Ltd. Class H(a)(b) | 1,476,000 | 819,969 | ||||||
CECEP COSTIN New Materials Group Ltd.*† | 4,614,000 | 1 | ||||||
Central China Securities Co., Ltd. Class H(a) | 7,013,000 | 2,618,158 | ||||||
CGN Meiya Power Holdings Co., Ltd.*(b) | 7,394,000 | 998,642 | ||||||
China Aerospace International Holdings Ltd. | 8,584,000 | 929,679 | ||||||
China Aoyuan Property Group Ltd. | 5,030,000 | 4,620,912 | ||||||
China Coal Energy Co., Ltd. Class H(a) | 2,198,000 | 879,390 | ||||||
China Communications Services Corp., Ltd. Class H | 7,804,000 | 4,663,527 | ||||||
China Electronics Huada Technology Co., Ltd. | 4,936,000 | 723,265 | ||||||
China High Speed Transmission Equipment Group Co., Ltd.(a) | 1,357,000 | 2,133,631 | ||||||
China Lesso Group Holdings Ltd. | 3,104,000 | 2,361,133 | ||||||
China Lilang Ltd. | 2,775,000 | 3,465,082 | ||||||
China Maple Leaf Educational Systems Ltd. | 1,026,000 | 1,375,269 | ||||||
China Merchants Securities Co., Ltd. Class H(b) | 1,806,400 | 2,587,049 | ||||||
China National Building Material Co., Ltd. Class H(a) | 2,744,000 | 2,978,846 | ||||||
China Oilfield Services Ltd. Class H | 2,112,000 | 2,177,042 | ||||||
China Overseas Property Holdings Ltd.(a) | 2,960,000 | 924,022 | ||||||
China Pioneer Pharma Holdings Ltd. | 3,290,000 | 1,043,806 | ||||||
China Power Clean Energy Development Co., Ltd. | 1,599,000 | 869,963 | ||||||
China Railway Signal & Communication Corp., Ltd. Class H(b) | 3,363,000 | 2,630,993 | ||||||
China Reinsurance Group Corp. Class H | 24,138,000 | 5,013,180 | ||||||
China Resources Phoenix Healthcare Holdings Co., Ltd.(a) | 525,000 | 633,481 | ||||||
China Sanjiang Fine Chemicals Co., Ltd. | 3,988,000 | 1,631,115 | ||||||
China SCE Property Holdings Ltd. | 7,686,000 | 3,976,041 | ||||||
China Shineway Pharmaceutical Group Ltd. | 2,227,000 | 3,393,718 | ||||||
China Silver Group Ltd. | 2,700,000 | 591,721 | ||||||
China Singyes Solar Technologies Holdings Ltd.(a) | 2,638,000 | 964,675 | ||||||
China South City Holdings Ltd.(a) | 9,286,000 | 2,094,240 | ||||||
China Southern Airlines Co., Ltd. Class H | 3,858,000 | 3,981,729 | ||||||
China Suntien Green Energy Corp., Ltd. Class H | 5,430,000 | 1,522,113 | ||||||
China Travel International Investment Hong Kong Ltd. | 5,598,000 | 1,982,906 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2018
Investments | Shares | Value | ||||||
China Yongda Automobiles Services Holdings Ltd.(a) | 1,621,500 | $ | 1,727,220 | |||||
China ZhengTong Auto Services Holdings Ltd. | 1,518,500 | 1,102,844 | ||||||
Chongqing Rural Commercial Bank Co., Ltd. Class H | 13,294,000 | 10,180,159 | ||||||
CITIC Resources Holdings Ltd.(a) | 7,918,000 | 887,815 | ||||||
CITIC Telecom International Holdings Ltd. | 10,543,000 | 3,049,401 | ||||||
Cogobuy Group(a)(b) | 1,267,000 | 642,516 | ||||||
Colour Life Services Group Co., Ltd.*(a) | 989,000 | 928,727 | ||||||
Consun Pharmaceutical Group Ltd. | 1,632,000 | 1,732,166 | ||||||
COSCO Shipping Energy Transportation Co., Ltd. Class H | 7,952,000 | 4,093,381 | ||||||
Cosmo Lady China Holdings Co., Ltd.(a)(b) | 2,334,000 | 1,263,904 | ||||||
CPMC Holdings Ltd. | 2,987,000 | 1,918,184 | ||||||
CSC Financial Co., Ltd. Class H(b) | 2,501,500 | 2,081,316 | ||||||
Dah Chong Hong Holdings Ltd. | 2,520,000 | 1,271,511 | ||||||
E-Commodities Holdings Ltd. | 23,100,000 | 2,178,051 | ||||||
Everbright Securities Co., Ltd. Class H(b) | 2,263,800 | 2,624,846 | ||||||
Fantasia Holdings Group Co., Ltd. | 8,481,000 | 1,642,537 | ||||||
Fu Shou Yuan International Group Ltd. | 1,633,000 | 1,618,789 | ||||||
Fufeng Group Ltd.* | 4,333,000 | 2,567,237 | ||||||
Future Land Development Holdings Ltd. | 3,994,565 | 3,384,664 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(b) | 1,711,200 | 6,595,543 | ||||||
Goodbaby International Holdings Ltd. | 1,061,000 | 724,610 | ||||||
Greatview Aseptic Packaging Co., Ltd. | 3,897,000 | 2,621,735 | ||||||
Greenland Hong Kong Holdings Ltd. | 2,774,000 | 1,328,981 | ||||||
Greentown Service Group Co., Ltd.(a) | 802,000 | 677,505 | ||||||
Guangshen Railway Co., Ltd. Class H | 2,408,665 | 1,424,029 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H | 568,000 | 1,751,411 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 7,240,000 | 18,062,408 | ||||||
Guotai Junan International Holdings Ltd.(a) | 8,769,000 | 2,525,125 | ||||||
HC International, Inc.(a) | 908,000 | 658,298 | ||||||
Hisense Kelon Electrical Holdings Co., Ltd. Class H | 1,395,000 | 1,590,822 | ||||||
Huabao International Holdings Ltd. | 6,594,000 | 4,368,946 | ||||||
Huadian Fuxin Energy Corp., Ltd. Class H | 9,872,000 | 2,528,283 | ||||||
Huadian Power International Corp., Ltd. Class H(a) | 18,182,000 | 6,996,374 | ||||||
Huaneng Renewables Corp., Ltd. Class H | 9,312,000 | 3,476,442 | ||||||
Jiangnan Group Ltd. | 19,100,000 | 1,180,319 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 5,203,933 | 7,360,021 | ||||||
Jiangxi Copper Co., Ltd. Class H | 1,914,000 | 2,731,394 | ||||||
Legend Holdings Corp. Class H(b) | 593,900 | 1,963,700 | ||||||
Livzon Pharmaceutical Group, Inc. Class H | 64,500 | �� | 519,399 | |||||
Lonking Holdings Ltd. | 3,975,000 | 1,691,640 | ||||||
Luye Pharma Group Ltd.(a) | 3,650,500 | 3,493,146 | ||||||
Metallurgical Corp. of China Ltd. Class H | 9,177,000 | 2,619,227 | ||||||
Orient Securities Co., Ltd. Class H(b) | 1,982,000 | 1,843,533 | ||||||
Powerlong Real Estate Holdings Ltd.(a) | 7,445,000 | 3,917,772 | ||||||
Qingdao Port International Co., Ltd. Class H(b) | 3,563,000 | 2,637,645 | ||||||
Red Star Macalline Group Corp., Ltd. Class H(b) | 5,095,200 | 5,966,246 | ||||||
Shandong Chenming Paper Holdings Ltd. Class H | 1,005,000 | 1,697,986 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 3,384,000 | 2,255,051 | ||||||
Shanghai Dasheng Agricultural Finance Technology Co., Ltd. Class H(a) | 10,424,000 | 285,560 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 431,000 | 2,646,968 | ||||||
Shanghai Industrial Urban Development Group Ltd. | 2,782,000 | 634,504 | ||||||
Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H | 3,511,587 | 1,436,259 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 1,630,100 | 4,361,722 | ||||||
Shenzhen Expressway Co., Ltd. Class H | 2,395,697 | 2,438,951 | ||||||
Shougang Fushan Resources Group Ltd. | 14,424,000 | 3,675,700 | ||||||
Shui On Land Ltd. | 13,237,500 | 3,592,609 | ||||||
Sichuan Expressway Co., Ltd. Class H | 3,144,000 | 1,109,652 | ||||||
Sinopec Engineering Group Co., Ltd. Class H | 2,340,500 | 2,329,078 | ||||||
Sinopec Kantons Holdings Ltd.(a) | 2,488,000 | 1,226,834 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 23,712,000 | 14,411,559 | ||||||
Sinotrans Ltd. Class H | 8,359,000 | 4,590,458 | ||||||
SITC International Holdings Co., Ltd. | 4,892,000 | 4,861,894 | ||||||
SSY Group Ltd. | 2,632,000 | 2,310,625 | ||||||
Sun King Power Electronics Group(a) | 2,152,000 | 422,267 | ||||||
TCL Multimedia Technology Holdings Ltd.(a) | 1,817,000 | 847,345 | ||||||
Tian Ge Interactive Holdings Ltd.(a)(b) | 694,000 | 584,501 | ||||||
Tianjin Port Development Holdings Ltd.* | 7,100,000 | 986,073 | ||||||
Tianneng Power International Ltd. | 2,654,000 | 3,141,529 | ||||||
Times China Holdings Ltd. | 3,528,000 | 5,394,289 | ||||||
Tong Ren Tang Technologies Co., Ltd. Class H | 1,797,888 | 2,996,365 | ||||||
TravelSky Technology Ltd. Class H | 1,339,000 | 3,881,382 | ||||||
Tsaker Chemical Group Ltd.(b) | 1,081,500 | 581,518 | ||||||
Virscend Education Co., Ltd.(b) | 1,694,000 | 1,053,313 | ||||||
Weichai Power Co., Ltd. Class H | 7,041,076 | 7,894,890 | ||||||
Wisdom Sports Group(a) | 4,986,000 | 501,884 | ||||||
Xiabuxiabu Catering Management China Holdings Co., Ltd.(a)(b) | 448,000 | 849,386 | ||||||
Xingda International Holdings Ltd. | 4,928,000 | 1,663,953 | ||||||
Xinhua Winshare Publishing and Media Co., Ltd. Class H | 4,608,000 | 3,681,327 | ||||||
Xinjiang Goldwind Science & Technology Co., Ltd. Class H(a) | 1,193,580 | 1,913,183 | ||||||
XTEP International Holdings Ltd. | 4,747,000 | 2,637,121 | ||||||
Yadea Group Holdings Ltd.(b) | 1,408,000 | 479,003 | ||||||
Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class H(b) | 122,000 | 564,275 | ||||||
Yanzhou Coal Mining Co., Ltd. Class H | 3,170,000 | 4,039,091 | ||||||
Yi Hua Holdings Ltd. | 2,436,000 | 310,386 | ||||||
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a)(b) | 566,200 | 2,607,970 | ||||||
Yuexiu Property Co., Ltd. | 29,668,000 | 6,993,336 | ||||||
Yuexiu Transport Infrastructure Ltd. | 4,022,000 | 3,095,305 | ||||||
Yuzhou Properties Co., Ltd. | 11,793,000 | 8,039,008 |
See Notes to Financial Statements.
48 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2018
Investments | Shares | Value | ||||||
Zhaojin Mining Industry Co., Ltd. Class H(a) | 1,187,500 | $ | 933,562 | |||||
Zhejiang Expressway Co., Ltd. Class H | 6,382,000 | 6,513,490 | ||||||
Zijin Mining Group Co., Ltd. Class H | 15,556,000 | 6,957,119 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H(a) | 6,444,000 | 2,463,209 | ||||||
|
| |||||||
Total China | 361,049,322 | |||||||
Czech Republic – 1.1% | ||||||||
Moneta Money Bank AS(b) | 4,520,921 | 18,727,017 | ||||||
Hong Kong – 0.8% | ||||||||
C&D International Investment Group Ltd. | 892,000 | 841,048 | ||||||
Canvest Environmental Protection Group Co., Ltd.(a) | 851,000 | 487,940 | ||||||
China Vast Industrial Urban Development Co., Ltd.(b) | 1,275,000 | 753,794 | ||||||
China Water Affairs Group Ltd.(a) | 1,452,000 | 1,478,216 | ||||||
Comba Telecom Systems Holdings Ltd.(a) | 3,686,000 | 493,138 | ||||||
Concord New Energy Group Ltd. | 26,270,000 | 1,188,264 | ||||||
CP Pokphand Co., Ltd. | 37,540,000 | 2,917,753 | ||||||
Hua Han Health Industry Holdings Ltd.*†(a) | 8,880,000 | 299,835 | ||||||
Joy City Property Ltd. | 9,836,000 | 1,579,114 | ||||||
Ju Teng International Holdings Ltd. | 1,980,000 | 489,431 | ||||||
LVGEM China Real Estate Investment Co., Ltd.(a) | 2,688,000 | 1,072,008 | ||||||
Pou Sheng International Holdings Ltd.(a) | 6,108,000 | 1,548,733 | ||||||
Wasion Group Holdings Ltd.(a) | 1,762,000 | 898,029 | ||||||
|
| |||||||
Total Hong Kong | 14,047,303 | |||||||
Hungary – 0.2% | ||||||||
Magyar Telekom Telecommunications PLC | 2,275,914 | 4,066,120 | ||||||
India – 3.4% | ||||||||
AIA Engineering Ltd. | 20,477 | 452,542 | ||||||
Allcargo Logistics Ltd. | 242,689 | 547,729 | ||||||
Amara Raja Batteries Ltd. | 149,978 | 1,828,111 | ||||||
Apollo Hospitals Enterprise Ltd. | 81,565 | 1,331,431 | ||||||
Apollo Tyres Ltd. | 416,935 | 1,771,064 | ||||||
Arvind Ltd. | 129,773 | 761,964 | ||||||
Bajaj Corp., Ltd. | 72,435 | 524,257 | ||||||
Balmer Lawrie & Co., Ltd. | 68,320 | 227,204 | ||||||
Balrampur Chini Mills Ltd. | 293,251 | 340,139 | ||||||
Banco Products India Ltd. | 46,891 | 152,417 | ||||||
Bata India Ltd. | 46,154 | 516,548 | ||||||
Care Ratings Ltd. | 61,693 | 1,143,305 | ||||||
Ceat Ltd. | 22,797 | 526,498 | ||||||
CESC Ltd. | 53,038 | 785,710 | ||||||
Chennai Petroleum Corp., Ltd. | 249,089 | 1,250,186 | ||||||
Coromandel International Ltd. | 116,125 | 935,011 | ||||||
CRISIL Ltd. | 30,188 | 872,222 | ||||||
Crompton Greaves Consumer Electricals Ltd. | 423,688 | 1,537,956 | ||||||
DB Corp., Ltd.* | 229,912 | 1,098,240 | ||||||
Engineers India Ltd. | 526,298 | 1,278,592 | ||||||
Finolex Industries Ltd. | 48,877 | 494,415 | ||||||
Gateway Distriparks Ltd. | 122,713 | 328,788 | ||||||
GE T&D India Ltd. | 110,019 | 687,390 | ||||||
GHCL Ltd. | 164,132 | 650,396 | ||||||
Great Eastern Shipping Co., Ltd. (The) | 100,477 | 508,688 | ||||||
Greaves Cotton Ltd. | 463,334 | 808,078 | ||||||
Gujarat Pipavav Port Ltd. | 377,749 | 841,834 | ||||||
Gulf Oil Lubricants India Ltd. | 21,164 | 296,668 | ||||||
HeidelbergCement India Ltd. | 327,706 | 715,488 | ||||||
Hexaware Technologies Ltd. | 267,360 | 1,544,802 | ||||||
Indian Bank | 345,797 | 1,589,501 | ||||||
Indian Hotels Co., Ltd. (The) | 566,619 | 1,124,173 | ||||||
IRB Infrastructure Developers Ltd. | 694,446 | 2,374,385 | ||||||
Jagran Prakashan Ltd. | 52,087 | 138,040 | ||||||
Jain Irrigation Systems Ltd. | 497,315 | 811,680 | ||||||
JSW Energy Ltd. | 653,686 | 729,640 | ||||||
Jyothy Laboratories Ltd. | 42,242 | 256,379 | ||||||
Kajaria Ceramics Ltd. | 59,615 | 523,331 | ||||||
Karnataka Bank Ltd. (The) | 813,796 | 1,433,651 | ||||||
Karur Vysya Bank Ltd. (The) | 901,386 | 1,388,253 | ||||||
KPIT Technologies Ltd. | 310,182 | 1,029,871 | ||||||
L&T Technology Services Ltd.(b) | 11,020 | 208,770 | ||||||
Mindtree Ltd. | 268,490 | 3,177,790 | ||||||
Mphasis Ltd. | 216,983 | 2,787,071 | ||||||
Multi Commodity Exchange of India Ltd. | 55,373 | 566,578 | ||||||
Natco Pharma Ltd. | 67,989 | 785,627 | ||||||
NIIT Technologies Ltd. | 70,738 | 938,160 | ||||||
Persistent Systems Ltd. | 65,502 | 697,033 | ||||||
PI Industries Ltd. | 65,901 | 894,420 | ||||||
Rallis India Ltd. | 267,947 | 978,790 | ||||||
Redington India Ltd. | 369,157 | 830,893 | ||||||
Reliance Infrastructure Ltd. | 414,794 | 2,718,795 | ||||||
SJVN Ltd. | 1,404,834 | 712,953 | ||||||
Sonata Software Ltd. | 290,835 | 1,395,276 | ||||||
South Indian Bank Ltd. (The) | 2,953,956 | 1,032,635 | ||||||
SRF Ltd. | 26,477 | 793,701 | ||||||
Sundram Fasteners Ltd. | 62,435 | 527,745 | ||||||
Supreme Industries Ltd. | 51,387 | 940,770 | ||||||
Tata Global Beverages Ltd. | 394,357 | 1,564,508 | ||||||
Torrent Power Ltd. | 125,519 | 441,191 | ||||||
Vijaya Bank | 1,065,954 | 850,682 | ||||||
Wockhardt Ltd.* | 85,802 | 955,742 | ||||||
|
| |||||||
Total India | 59,955,707 | |||||||
Indonesia – 2.9% | ||||||||
Ace Hardware Indonesia Tbk PT | 14,160,900 | 1,368,004 | ||||||
Adhi Karya Persero Tbk PT | 5,547,400 | 834,074 | ||||||
AKR Corporindo Tbk PT | 4,294,145 | 1,770,058 | ||||||
Astra Agro Lestari Tbk PT | 1,867,466 | 1,827,790 | ||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 20,738,100 | 3,102,995 | ||||||
Bank Tabungan Negara Persero Tbk PT | 10,046,516 | 2,772,962 | ||||||
Bukit Asam Tbk PT | 11,250,000 | 2,402,397 | ||||||
Ciputra Development Tbk PT | 7,501,700 | 640,240 | ||||||
Global Mediacom Tbk PT | 11,642,800 | 452,435 | ||||||
Indo Tambangraya Megah Tbk PT | 3,374,600 | 6,985,735 | ||||||
Japfa Comfeed Indonesia Tbk PT | 20,971,200 | 2,254,395 | ||||||
Matahari Department Store Tbk PT | 14,377,000 | 11,434,767 | ||||||
Media Nusantara Citra Tbk PT | 22,427,540 | 2,305,064 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 49 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2018
Investments | Shares | Value | ||||||
Pakuwon Jati Tbk PT | 16,761,500 | $ | 767,005 | |||||
Puradelta Lestari Tbk PT | 107,303,700 | 1,340,566 | ||||||
Summarecon Agung Tbk PT | 9,641,200 | 633,760 | ||||||
Tower Bersama Infrastructure Tbk PT | 4,855,103 | 1,966,021 | ||||||
Waskita Beton Precast Tbk PT | 57,601,000 | 1,732,109 | ||||||
Waskita Karya Persero Tbk PT | 13,294,200 | 2,385,086 | ||||||
Wijaya Karya Beton Tbk PT | 29,625,400 | 1,108,195 | ||||||
Wijaya Karya Persero Tbk PT | 11,961,500 | 1,459,620 | ||||||
|
| |||||||
Total Indonesia | 49,543,278 | |||||||
Malaysia – 5.1% | ||||||||
7-Eleven Malaysia Holdings Bhd Class B | 2,288,700 | 887,552 | ||||||
AirAsia Bhd | 12,693,400 | 12,896,862 | ||||||
Alliance Bank Malaysia Bhd | 1,818,547 | 2,054,563 | ||||||
Ann Joo Resources Bhd | 858,600 | 665,926 | ||||||
Berjaya Sports Toto Bhd | 7,710,900 | 4,345,854 | ||||||
Bermaz Auto Bhd | 3,940,180 | 2,200,307 | ||||||
Bursa Malaysia Bhd | 1,346,700 | 3,794,992 | ||||||
Cahya Mata Sarawak Bhd | 1,622,000 | 1,656,386 | ||||||
Dialog Group Bhd | 6,315,676 | 5,012,700 | ||||||
DRB-Hicom Bhd | 1,796,900 | 1,133,515 | ||||||
Econpile Holdings Bhd | 1,360,600 | 346,482 | ||||||
Felda Global Ventures Holdings Bhd | 1,263,400 | 555,269 | ||||||
Fraser & Neave Holdings Bhd | 346,000 | 2,985,905 | ||||||
Genting Plantations Bhd | 643,800 | 1,707,701 | ||||||
George Kent Malaysia Bhd | 745,200 | 772,557 | ||||||
Globetronics Technology Bhd | 801,800 | 841,600 | ||||||
Hartalega Holdings Bhd | 2,700,288 | 4,223,563 | ||||||
HeveaBoard Bhd | 1,907,500 | 384,656 | ||||||
Inari Amertron Bhd | 2,870,850 | 2,041,065 | ||||||
IOI Properties Group Bhd | 6,461,700 | 2,706,296 | ||||||
Kossan Rubber Industries | 462,200 | 920,098 | ||||||
KPJ Healthcare Bhd | 4,354,900 | 1,002,032 | ||||||
LBS Bina Group Bhd | 5,509,480 | 1,253,449 | ||||||
Lingkaran Trans Kota Holdings Bhd | 1,356,400 | 1,995,325 | ||||||
Mah Sing Group Bhd | 6,318,277 | 1,633,474 | ||||||
Malakoff Corp. Bhd | 6,913,163 | 1,590,671 | ||||||
Malaysian Resources Corp. Bhd | 2,448,543 | 639,356 | ||||||
Matrix Concepts Holdings Bhd | 3,236,700 | 1,665,210 | ||||||
Muhibbah Engineering M Bhd | 1,523,600 | 1,162,001 | ||||||
My EG Services Bhd | 1,264,700 | 948,198 | ||||||
Padini Holdings Bhd | 1,320,100 | 1,525,555 | ||||||
Pos Malaysia Bhd | 1,156,200 | 1,055,167 | ||||||
QL Resources Bhd | 756,100 | 994,971 | ||||||
Sapura Energy Bhd | 1,841,600 | 259,481 | ||||||
Scientex Bhd | 587,500 | 1,283,448 | ||||||
SKP Resources Bhd | 2,187,400 | 893,509 | ||||||
SP Setia Bhd Group | 7,227,440 | 5,586,878 | ||||||
Sunway Bhd | 5,072,161 | 1,993,197 | ||||||
Sunway Construction Group Bhd | 3,089,400 | 1,645,337 | ||||||
Top Glove Corp. Bhd | 2,031,980 | 5,064,190 | ||||||
Tune Protect Group Bhd | 3,554,900 | 735,243 | ||||||
Unisem M Bhd | 1,818,000 | 1,146,825 | ||||||
UOA Development Bhd | 2,290,860 | 1,433,268 | ||||||
VS Industry Bhd | 2,522,500 | 1,545,586 | ||||||
|
| |||||||
Total Malaysia | 89,186,220 | |||||||
Mexico – 2.4% | ||||||||
Banregio Grupo Financiero S.A.B. de C.V.(a) | 187,751 | 1,151,182 | ||||||
Bolsa Mexicana de Valores S.A.B. de C.V. | 2,425,383 | 4,615,981 | ||||||
Corp. Inmobiliaria Vesta S.A.B. de C.V. | 3,418,010 | 5,053,940 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 1,616,902 | 7,852,651 | ||||||
Grupo Cementos de Chihuahua S.A.B. de C.V. | 96,332 | 516,082 | ||||||
Grupo Comercial Chedraui S.A. de C.V. | 482,090 | 1,017,609 | ||||||
Grupo Financiero Interacciones S.A. de C.V. Class O | 514,381 | 2,492,226 | ||||||
Grupo Rotoplas S.A.B. de C.V.*(a) | 415,897 | 649,814 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.* | 7,335,893 | 8,206,587 | ||||||
Megacable Holdings S.A.B. de C.V. Series CPO | 878,048 | 4,039,208 | ||||||
Prologis Property Mexico S.A. de C.V. | 2,314,773 | 4,408,004 | ||||||
Qualitas Controladora S.A.B. de C.V. | 522,563 | 1,440,566 | ||||||
Unifin Financiera S.A.B. de C.V. SOFOM ENR | 210,566 | 719,479 | ||||||
|
| |||||||
Total Mexico | 42,163,329 | |||||||
Philippines – 0.8% | ||||||||
Cebu Air, Inc. | 583,720 | 1,058,309 | ||||||
D&L Industries, Inc. | 6,655,900 | 1,474,624 | ||||||
Energy Development Corp. | 21,953,100 | 2,351,930 | ||||||
Filinvest Land, Inc. | 31,699,000 | 1,002,412 | ||||||
Manila Water Co., Inc. | 2,801,945 | 1,492,867 | ||||||
Petron Corp. | 3,964,100 | 702,754 | ||||||
Pilipinas Shell Petroleum Corp. | 1,659,070 | 1,731,328 | ||||||
Robinsons Land Corp. | 3,469,126 | 1,325,751 | ||||||
Robinsons Retail Holdings, Inc. | 567,380 | 971,051 | ||||||
Vista Land & Lifescapes, Inc. | 10,858,400 | 1,352,683 | ||||||
|
| |||||||
Total Philippines | 13,463,709 | |||||||
Poland – 0.8% | ||||||||
Asseco Poland S.A. | 550,690 | 7,234,709 | ||||||
Enea S.A. | 324,916 | 874,588 | ||||||
Energa S.A. | 420,345 | 1,181,772 | ||||||
Eurocash S.A.(a) | 151,403 | 1,038,733 | ||||||
Grupa Azoty S.A. | 68,193 | 1,114,883 | ||||||
LiveChat Software S.A. | 65,363 | 706,049 | ||||||
Warsaw Stock Exchange | 145,211 | 1,750,858 | ||||||
|
| |||||||
Total Poland | 13,901,592 | |||||||
Russia – 0.1% | ||||||||
TMK PAO GDR Reg S | 346,826 | 1,956,099 | ||||||
Singapore – 0.4% | ||||||||
IGG, Inc.(a) | 4,826,000 | 6,604,136 | ||||||
South Africa – 12.5% | ||||||||
Adcock Ingram Holdings Ltd. | 250,118 | 1,496,222 | ||||||
Advtech Ltd. | 1,092,021 | 1,457,103 | ||||||
Aeci Ltd. | 284,705 | 2,775,266 | ||||||
African Rainbow Minerals Ltd. | 562,658 | 4,815,151 |
See Notes to Financial Statements.
50 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2018
Investments | Shares | Value | ||||||
Alexander Forbes Group Holdings Ltd. | 5,758,458 | $ | 3,499,179 | |||||
Astral Foods Ltd. | 87,754 | 2,316,802 | ||||||
AVI Ltd. | 1,623,456 | 15,183,998 | ||||||
Barloworld Ltd. | 622,419 | 8,723,190 | ||||||
Blue Label Telecoms Ltd. | 1,537,025 | 1,673,394 | ||||||
Capevin Holdings Ltd. | 2,764,403 | 2,011,111 | ||||||
City Lodge Hotels Ltd. | 98,269 | 1,370,106 | ||||||
Coronation Fund Managers Ltd. | 1,852,587 | 12,623,937 | ||||||
Distell Group Ltd. | 368,093 | 4,256,039 | ||||||
EOH Holdings Ltd. | 342,736 | 1,243,815 | ||||||
Foschini Group Ltd. (The) | 1,187,674 | 22,427,856 | ||||||
Harmony Gold Mining Co., Ltd. | 2,095,216 | 4,974,232 | ||||||
Hosken Consolidated Investments Ltd. | 66,557 | 808,879 | ||||||
Hyprop Investments Ltd. | 1,885,850 | 17,224,322 | ||||||
Investec Ltd. | 1,387,099 | 10,802,954 | ||||||
JSE Ltd. | 472,523 | 7,390,880 | ||||||
KAP Industrial Holdings Ltd. | 4,241,525 | 3,078,562 | ||||||
Lewis Group Ltd.(a) | 355,414 | 1,265,827 | ||||||
Massmart Holdings Ltd. | 262,542 | 3,589,560 | ||||||
Metair Investments Ltd. | 1,199,023 | 2,327,463 | ||||||
Mpact Ltd. | 727,474 | 1,780,504 | ||||||
Murray & Roberts Holdings Ltd. | 840,420 | 978,820 | ||||||
Omnia Holdings Ltd. | 254,846 | 3,204,731 | ||||||
Peregrine Holdings Ltd. | 797,228 | 1,412,285 | ||||||
Pick n Pay Stores Ltd. | 1,287,245 | 7,446,167 | ||||||
Pioneer Foods Group Ltd. | 486,427 | 5,098,785 | ||||||
Raubex Group Ltd. | 962,505 | 1,649,022 | ||||||
Reunert Ltd. | 599,186 | 3,766,420 | ||||||
Rhodes Food Group Pty Ltd.(a) | 626,616 | 996,874 | ||||||
Santam Ltd. | 200,774 | 5,524,155 | ||||||
SPAR Group Ltd. (The) | 846,793 | 14,476,328 | ||||||
Tongaat Hulett Ltd. | 15,352 | 131,704 | ||||||
Trencor Ltd. | 632,242 | 2,016,985 | ||||||
Truworths International Ltd. | 2,869,079 | 26,037,520 | ||||||
Tsogo Sun Holdings Ltd. | 2,023,926 | 3,985,078 | ||||||
Wilson Bayly Holmes-Ovcon Ltd. | 70,127 | 917,429 | ||||||
Zeder Investments Ltd. | 3,515,033 | 1,833,350 | ||||||
|
| |||||||
Total South Africa | 218,592,005 | |||||||
South Korea – 8.5% | ||||||||
Able C&C Co., Ltd.*(a) | 37,025 | 656,509 | ||||||
Aekyung Petrochemical Co., Ltd. | 33,991 | 463,992 | ||||||
Ahnlab, Inc. | 13,201 | 1,057,665 | ||||||
Bukwang Pharmaceutical Co., Ltd. | 62,678 | 1,484,773 | ||||||
Caregen Co., Ltd. | 7,940 | 678,613 | ||||||
Cheil Worldwide, Inc. | 130,545 | 2,204,531 | ||||||
CJ CGV Co., Ltd. | 11,737 | 748,772 | ||||||
CJ O Shopping Co., Ltd. | 4,631 | 970,603 | ||||||
Com2uS Corp. | 12,252 | 2,146,025 | ||||||
Cosmax, Inc. | 6,712 | 897,326 | ||||||
Cuckoo Holdings Co., Ltd. | �� | 4,664 | 378,056 | |||||
Daeduck Electronics Co. | 142,983 | 1,120,094 | ||||||
Daewoong Pharmaceutical Co., Ltd. | 7,116 | 1,331,872 | ||||||
Daishin Securities Co., Ltd. | 145,261 | 1,839,782 | ||||||
DGB Financial Group, Inc. | 507,022 | 5,541,614 | ||||||
Dongkuk Steel Mill Co., Ltd. | 84,554 | 801,197 | ||||||
Dongkuk Structures & Construction Co., Ltd. | 118,059 | 551,031 | ||||||
DONGSUNG Corp. | 228,023 | 1,435,439 | ||||||
Dongwon Development Co., Ltd. | 104,287 | 457,888 | ||||||
Doosan Heavy Industries & Construction Co., Ltd.*(a) | 288,827 | 4,308,424 | ||||||
DTR Automotive Corp. | 14,189 | 467,243 | ||||||
Eugene Corp. | 171,233 | 979,943 | ||||||
Grand Korea Leisure Co., Ltd. | 118,027 | 2,845,758 | ||||||
Green Cross Corp. | 7,763 | 1,503,949 | ||||||
Green Cross Holdings Corp. | 39,134 | 1,475,923 | ||||||
Halla Holdings Corp. | 21,857 | 1,010,930 | ||||||
Hana Tour Service, Inc. | 20,160 | 2,269,631 | ||||||
Hankook Tire Worldwide Co., Ltd. | 26,455 | 462,882 | ||||||
Hanmi Semiconductor Co., Ltd. | 143,356 | 1,513,045 | ||||||
Hansol Chemical Co., Ltd. | 19,146 | 1,269,934 | ||||||
Hansol Paper Co., Ltd. | 71,170 | 1,061,641 | ||||||
Hite Jinro Co., Ltd. | 128,202 | 2,700,192 | ||||||
HMC Investment Securities Co., Ltd. | 94,289 | 933,248 | ||||||
Hotel Shilla Co., Ltd. | 18,869 | 1,697,661 | ||||||
Huchems Fine Chemical Corp. | 56,723 | 1,309,115 | ||||||
Hyundai Corp. | 51,747 | 885,996 | ||||||
Hyundai Department Store Co., Ltd. | 22,709 | 1,972,843 | ||||||
Hyundai Elevator Co., Ltd.(a) | 15,343 | 1,147,234 | ||||||
Hyundai Home Shopping Network Corp. | 12,808 | 1,279,719 | ||||||
Hyundai Wia Corp.(a) | 36,135 | 1,874,721 | ||||||
iMarketKorea, Inc. | 152,993 | 1,435,341 | ||||||
Innocean Worldwide, Inc. | 16,630 | 993,837 | ||||||
IS Dongseo Co., Ltd. | 56,100 | 1,631,579 | ||||||
ISU Chemical Co., Ltd. | 52,611 | 597,235 | ||||||
Jeju Air Co., Ltd. | 22,858 | 1,010,050 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 42,246 | 1,803,352 | ||||||
Kginicis Co., Ltd. | 68,980 | 1,359,021 | ||||||
KIWOOM Securities Co., Ltd.(a) | 15,018 | 1,528,711 | ||||||
Kolon Industries, Inc. | 32,264 | 2,040,148 | ||||||
Korea Asset In Trust Co., Ltd. | 139,104 | 797,378 | ||||||
Korea Autoglass Corp. | 31,967 | 488,847 | ||||||
Korea Petrochemical Ind Co., Ltd. | 7,216 | 2,017,420 | ||||||
Korea Real Estate Investment & Trust Co., Ltd. | 428,914 | 1,197,128 | ||||||
Korean Reinsurance Co. | 339,736 | 3,617,604 | ||||||
Kumho Industrial Co., Ltd. | 67,272 | 703,708 | ||||||
Kumho Petrochemical Co., Ltd. | 17,563 | 1,588,398 | ||||||
Kyobo Securities Co., Ltd. | 70,326 | 644,606 | ||||||
Kyungdong Pharm Co., Ltd. | 45,589 | 1,013,659 | ||||||
LEENO Industrial, Inc. | 20,875 | 1,147,645 | ||||||
LF Corp. | 30,739 | 803,153 | ||||||
LG International Corp. | 53,879 | 1,379,957 | ||||||
LIG Nex1 Co., Ltd.(a) | 11,459 | 517,638 | ||||||
Lock&Lock Co., Ltd. | 71,646 | 1,673,689 | ||||||
Loen Entertainment, Inc. | 6,229 | 641,659 | ||||||
LOTTE Fine Chemical Co., Ltd. | 29,166 | 1,934,549 | ||||||
LS Corp. | 44,423 | 3,104,901 | ||||||
LS Industrial Systems Co., Ltd. | 26,633 | 1,534,165 | ||||||
Mando Corp. | 13,620 | 2,964,481 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2018
Investments | Shares | Value | ||||||
Medy-Tox, Inc. | 1,309 | $ | 899,070 | |||||
Meritz Financial Group, Inc. | 109,971 | 1,526,945 | ||||||
Meritz Fire & Marine Insurance Co., Ltd. | 210,360 | 4,154,309 | ||||||
Meritz Securities Co., Ltd. | 1,800,404 | 7,220,872 | ||||||
Mirae Asset Life Insurance Co., Ltd. | 100,139 | 472,558 | ||||||
Modetour Network, Inc. | 22,463 | 829,270 | ||||||
Moorim P&P Co., Ltd. | 155,684 | 952,303 | ||||||
Muhak Co., Ltd. | 51,956 | 848,142 | ||||||
Nexen Tire Corp. | 94,512 | 1,112,793 | ||||||
NICE Information Service Co., Ltd. | 69,634 | 636,956 | ||||||
NongShim Co., Ltd. | 4,165 | 1,195,694 | ||||||
NS Shopping Co., Ltd. | 75,186 | 976,945 | ||||||
OCI Co., Ltd. | 7,742 | 1,140,345 | ||||||
Paradise Co., Ltd.(a) | 138,838 | 2,735,339 | ||||||
Partron Co., Ltd. | 132,601 | 1,082,305 | ||||||
Poongsan Corp. | 31,640 | 1,165,091 | ||||||
POSCO Chemtech Co., Ltd. | 49,668 | 2,211,039 | ||||||
Posco Daewoo Corp. | 129,107 | 2,773,760 | ||||||
S&T Motiv Co., Ltd. | 20,066 | 734,191 | ||||||
Seah Besteel Corp. | 42,565 | 1,030,281 | ||||||
SeAH Steel Corp. | 7,807 | 610,116 | ||||||
SFA Engineering Corp. | 21,741 | 705,731 | ||||||
Shinsegae, Inc. | 4,999 | 1,676,651 | ||||||
Silicon Works Co., Ltd. | 34,511 | 1,207,675 | ||||||
SK Discovery Co., Ltd.(a) | 6,687 | 260,353 | ||||||
SK Gas Ltd. | 12,756 | 1,148,866 | ||||||
SK Materials Co., Ltd.(a) | 11,422 | 1,596,658 | ||||||
SK Networks Co., Ltd. | 244,690 | 1,326,868 | ||||||
SKC Co., Ltd. | 54,564 | 1,958,038 | ||||||
Soulbrain Co., Ltd. | 11,546 | 638,014 | ||||||
Ssangyong Cement Industrial Co., Ltd. | 89,049 | 1,996,689 | ||||||
Sungwoo Hitech Co., Ltd. | 4 | 24 | ||||||
Youlchon Chemical Co., Ltd. | 67,615 | 1,021,298 | ||||||
Youngone Corp. | 19,712 | 518,737 | ||||||
Yuhan Corp. | 5,052 | 1,052,204 | ||||||
|
| |||||||
Total South Korea | 147,321,803 | |||||||
Taiwan – 25.6% | ||||||||
AcBel Polytech, Inc.(a) | 1,822,303 | 1,293,743 | ||||||
Accton Technology Corp.(a) | 1,190,633 | 3,944,684 | ||||||
Acer, Inc.*(a) | 8,039,000 | 6,810,142 | ||||||
Adlink Technology, Inc. | 437,000 | 912,758 | ||||||
Alpha Networks, Inc.(a) | 967,000 | 784,359 | ||||||
Altek Corp.(a) | 902,000 | 889,409 | ||||||
Arcadyan Technology Corp.(a) | 994,000 | 1,864,794 | ||||||
Asia Optical Co., Inc.(a) | 101,000 | 355,061 | ||||||
Asia Vital Components Co., Ltd.(a) | 1,106,000 | 1,122,804 | ||||||
Aten International Co., Ltd. | 576,000 | 1,878,712 | ||||||
Aurora Corp. | 280,000 | 871,969 | ||||||
BES Engineering Corp.(a) | 4,001,000 | 1,097,781 | ||||||
Capital Securities Corp.(a) | 4,887,000 | 1,885,611 | ||||||
Chang Wah Electromaterials, Inc. | 219,000 | 1,130,415 | ||||||
Charoen Pokphand Enterprise | 684,000 | 1,534,232 | ||||||
Chaun-Choung Technology Corp.(a) | 466,000 | 1,459,197 | ||||||
Cheng Loong Corp.(a) | 1,538,000 | 854,532 | ||||||
Cheng Uei Precision Industry Co., Ltd. | 947,820 | 1,324,679 | ||||||
Chicony Electronics Co., Ltd. | 2,613,550 | 6,731,749 | ||||||
Chicony Power Technology Co., Ltd.(a) | 545,000 | 1,121,515 | ||||||
Chilisin Electronics Corp.(a) | 327,143 | 1,262,256 | ||||||
Chin-Poon Industrial Co., Ltd.(a) | 949,650 | 1,683,881 | ||||||
China Bills Finance Corp.(a) | 4,852,000 | 2,479,501 | ||||||
China General Plastics Corp.(a) | 1,315,530 | 1,466,362 | ||||||
China Metal Products Co., Ltd. | 1,456,000 | 1,468,135 | ||||||
China Steel Chemical Corp.(a) | 555,726 | 2,925,676 | ||||||
China Synthetic Rubber Corp.(a) | 1,920,609 | 3,076,189 | ||||||
Chong Hong Construction Co., Ltd. | 1,487,000 | 4,370,679 | ||||||
Chroma ATE, Inc.(a) | 723,132 | 4,191,423 | ||||||
Chung-Hsin Electric & Machinery Manufacturing Corp.(a) | 1,650,000 | 1,244,984 | ||||||
Cleanaway Co., Ltd.(a) | 300,161 | 1,955,983 | ||||||
Clevo Co. | 642,000 | 647,351 | ||||||
Compeq Manufacturing Co., Ltd.(a) | 2,237,000 | 2,305,513 | ||||||
CTCI Corp. | 2,306,190 | 3,832,181 | ||||||
Cub Elecparts, Inc.(a) | 119,143 | 1,618,158 | ||||||
CyberPower Systems, Inc. | 243,000 | 771,746 | ||||||
CyberTAN Technology, Inc.(a) | 1,162,000 | 745,255 | ||||||
Darfon Electronics Corp. | 431,000 | 458,982 | ||||||
DFI, Inc. | 324,000 | 716,740 | ||||||
Elan Microelectronics Corp. | 1,021,156 | 1,549,753 | ||||||
Elite Advanced Laser Corp.(a) | 351,920 | 1,345,786 | ||||||
Elite Material Co., Ltd.(a) | 805,163 | 2,590,263 | ||||||
Elite Semiconductor Memory Technology, Inc.(a) | 396,000 | 603,025 | ||||||
Ennoconn Corp.(a) | 53,000 | 900,693 | ||||||
Eternal Materials Co., Ltd.(a) | 2,693,509 | 2,729,814 | ||||||
Eva Airways Corp. | 2,560,840 | 1,321,832 | ||||||
Everest Textile Co., Ltd. | 1,700,120 | 775,512 | ||||||
Evergreen International Storage & Transport Corp. | 1,173,000 | 531,042 | ||||||
Everlight Chemical Industrial Corp.(a) | 2,331,000 | 1,415,053 | ||||||
Everlight Electronics Co., Ltd.(a) | 1,936,165 | 2,988,216 | ||||||
Far Eastern Department Stores Ltd. | 3,249,841 | 1,811,226 | ||||||
Far Eastern International Bank(a) | 7,621,676 | 2,572,188 | ||||||
Faraday Technology Corp.(a) | 395,200 | 940,662 | ||||||
Farglory Land Development Co., Ltd. | 1,999,640 | 2,256,342 | ||||||
Feng Hsin Steel Co., Ltd. | 1,002,950 | 2,046,696 | ||||||
FLEXium Interconnect, Inc.(a) | 453,028 | 1,541,324 | ||||||
Flytech Technology Co., Ltd.(a) | 639,655 | 1,796,747 | ||||||
Formosa Laboratories, Inc.(a) | 283,000 | 612,453 | ||||||
Foxsemicon Integrated Technology, Inc.(a) | 144,950 | 1,140,928 | ||||||
Gemtek Technology Corp.(a) | 1,407,000 | 1,286,022 | ||||||
Getac Technology Corp. | 2,049,292 | 2,969,530 | ||||||
Giant Manufacturing Co., Ltd. | 920,000 | 4,827,657 | ||||||
Gigabyte Technology Co., Ltd.(a) | 2,452,000 | 5,617,642 | ||||||
Global Unichip Corp.(a) | 108,000 | 1,177,899 | ||||||
Globe Union Industrial Corp. | 955,000 | 686,190 | ||||||
Grand Pacific Petrochemical(a) | 2,552,000 | 2,678,300 | ||||||
Grape King Bio Ltd.(a) | 260,988 | 2,224,355 | ||||||
Great Wall Enterprise Co., Ltd. | 2,003,446 | 2,374,012 |
See Notes to Financial Statements.
52 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2018
Investments | Shares | Value | ||||||
Greatek Electronics, Inc. | 1,554,000 | $ | 3,053,956 | |||||
HannStar Display Corp.(a) | 8,703,000 | 2,984,875 | ||||||
Highwealth Construction Corp.*(a) | 7,957,613 | 12,322,469 | ||||||
Hiwin Technologies Corp. | 181,040 | 2,632,677 | ||||||
Holtek Semiconductor, Inc. | 878,773 | 2,314,702 | ||||||
Hota Industrial Manufacturing Co., Ltd.(a) | 409,427 | 1,741,227 | ||||||
Hsin Kuang Steel Co., Ltd.(a) | 542,000 | 737,984 | ||||||
Huaku Development Co., Ltd. | 1,228,296 | 3,024,716 | ||||||
Huang Hsiang Construction Corp. | 1,759,000 | 1,788,742 | ||||||
Hung Sheng Construction Ltd.(a) | 1,274,000 | 1,387,300 | ||||||
IEI Integration Corp. | 1,313,620 | 1,718,785 | ||||||
Inventec Corp.(a) | 14,806,992 | 11,756,417 | ||||||
ITEQ Corp. | 902,000 | 2,224,296 | ||||||
Jentech Precision Industrial Co., Ltd. | 177,000 | 407,943 | ||||||
Kenda Rubber Industrial Co., Ltd.(a) | 1,474,039 | 1,857,905 | ||||||
Kindom Construction Corp.(a) | 1,857,187 | 1,321,694 | ||||||
King Slide Works Co., Ltd.(a) | 119,004 | 1,653,003 | ||||||
King Yuan Electronics Co., Ltd.(a) | 3,754,000 | 3,926,913 | ||||||
King’s Town Bank | 3,089,000 | 3,919,916 | ||||||
Kinik Co.(a) | 615,495 | 1,646,555 | ||||||
Kinsus Interconnect Technology Corp.(a) | 851,368 | 1,629,329 | ||||||
Kung Long Batteries Industrial Co., Ltd. | 342,000 | 1,718,387 | ||||||
L&K Engineering Co., Ltd.(a) | 610,000 | 773,039 | ||||||
LCY Chemical Corp.(a) | 3,017,000 | 4,583,911 | ||||||
Lien Hwa Industrial Corp.(a) | 2,930,300 | 3,939,629 | ||||||
Lion Travel Service Co., Ltd. | 278,000 | 1,101,245 | ||||||
Lite-On Semiconductor Corp.(a) | 600,000 | 833,419 | ||||||
Long Chen Paper Co., Ltd.(a) | 1,943,242 | 2,172,709 | ||||||
Lotes Co., Ltd.(a) | 229,233 | 1,690,335 | ||||||
Makalot Industrial Co., Ltd.(a) | 724,667 | 3,417,420 | ||||||
Marketech International Corp.(a) | 559,000 | 1,031,457 | ||||||
Meiloon Industrial Co. | 713,000 | 728,724 | ||||||
Mercuries & Associates Holding Ltd.(a) | 702,000 | 606,729 | ||||||
Merida Industry Co., Ltd. | 607,043 | 2,779,444 | ||||||
Merry Electronics Co., Ltd.(a) | 537,146 | 3,104,198 | ||||||
Micro-Star International Co., Ltd. | 2,986,877 | 9,752,399 | ||||||
Mirle Automation Corp.(a) | 732,560 | 1,156,991 | ||||||
momo.com, Inc. | 127,000 | 1,180,403 | ||||||
Namchow Holdings Co., Ltd.(a) | 530,086 | 1,107,187 | ||||||
Nan Kang Rubber Tire Co., Ltd.(a) | 2,452,000 | 2,186,508 | ||||||
Nan Ya Printed Circuit Board Corp.*(a) | 598,000 | 696,303 | ||||||
Nantex Industry Co., Ltd. | 2,176,300 | 1,810,038 | ||||||
Novatek Microelectronics Corp. | 2,644,000 | 12,015,296 | ||||||
Nuvoton Technology Corp.(a) | 506,000 | 1,239,099 | ||||||
OptoTech Corp.* | 2,107,485 | 1,655,225 | ||||||
Pan-International Industrial Corp.(a) | 1,026,000 | 767,116 | ||||||
Posiflex Technology, Inc. | 357,727 | 1,650,179 | ||||||
Powertech Technology, Inc. | 2,036,000 | 6,403,306 | ||||||
Primax Electronics Ltd. | 1,110,000 | 2,379,360 | ||||||
Prince Housing & Development Corp. | 2,941,460 | 1,205,558 | ||||||
Qisda Corp.(a) | 7,394,000 | 5,579,038 | ||||||
Quang Viet Enterprise Co., Ltd. | 272,000 | 1,124,121 | ||||||
Radiant Opto-Electronics Corp.(a) | 2,184,252 | 5,386,278 | ||||||
Realtek Semiconductor Corp. | 1,282,770 | 5,719,385 | ||||||
Rechi Precision Co., Ltd.(a) | 1,612,000 | 1,702,836 | ||||||
Ruentex Industries Ltd.*(a) | 1,095,000 | 2,118,119 | ||||||
Run Long Construction Co., Ltd.(a) | 1,479,000 | 2,586,995 | ||||||
Sanyang Motor Co., Ltd. | 2,912,000 | 2,122,303 | ||||||
SDI Corp.(a) | 571,000 | 1,660,692 | ||||||
Sercomm Corp.(a) | 846,488 | 2,383,533 | ||||||
Sheng Yu Steel Co., Ltd. | 610,000 | 582,656 | ||||||
Shin Zu Shing Co., Ltd.(a) | 327,000 | 1,003,756 | ||||||
Shinkong Synthetic Fibers Corp. | 3,843,000 | 1,274,542 | ||||||
Shiny Chemical Industrial Co., Ltd. | 274,000 | 798,779 | ||||||
Sigurd Microelectronics Corp. | 1,177,000 | 1,501,677 | ||||||
Sinbon Electronics Co., Ltd. | 583,120 | 1,639,944 | ||||||
Sincere Navigation Corp. | 824,000 | 503,042 | ||||||
Sinon Corp. | 2,287,000 | 1,349,124 | ||||||
Sinyi Realty, Inc. | 1,011,000 | 1,494,464 | ||||||
Sitronix Technology Corp.(a) | 664,000 | 1,990,383 | ||||||
Standard Foods Corp. | 789,896 | 1,836,778 | ||||||
Sunny Friend Environmental Technology Co., Ltd. | 186,000 | 1,464,039 | ||||||
Sunonwealth Electric Machine Industry Co., Ltd.(a) | 887,000 | 1,344,631 | ||||||
Sunspring Metal Corp.(a) | 777,000 | 951,363 | ||||||
Supreme Electronics Co., Ltd.(a) | 1,978,000 | 2,167,476 | ||||||
Syncmold Enterprise Corp. | 835,220 | 1,936,443 | ||||||
Synnex Technology International Corp. | 2,956,600 | 4,411,020 | ||||||
Systex Corp. | 763,000 | 1,669,561 | ||||||
TA Chen Stainless Pipe | 2,449,605 | 2,495,225 | ||||||
Taichung Commercial Bank Co., Ltd.(a) | 11,156,027 | 3,902,715 | ||||||
Taiflex Scientific Co., Ltd.(a) | 521,000 | 776,398 | ||||||
Tainan Spinning Co., Ltd.(a) | 3,130,000 | 1,427,753 | ||||||
Taiwan Business Bank | 4,340,000 | 1,297,966 | ||||||
Taiwan Cogeneration Corp.(a) | 2,394,970 | 2,213,686 | ||||||
Taiwan Fertilizer Co., Ltd.(a) | 2,853,000 | 3,821,026 | ||||||
Taiwan FU Hsing Industrial Co., Ltd. | 1,438,000 | 1,819,879 | ||||||
Taiwan Hon Chuan Enterprise Co., Ltd.(a) | 1,013,692 | 1,936,504 | ||||||
Taiwan Paiho Ltd.(a) | 392,000 | 1,115,890 | ||||||
Taiwan PCB Techvest Co., Ltd. | 752,302 | 766,312 | ||||||
Taiwan Sakura Corp. | 759,000 | 999,609 | ||||||
Taiwan Secom Co., Ltd.(a) | 701,674 | 2,175,509 | ||||||
Taiwan Styrene Monomer(a) | 4,325,000 | 3,204,033 | ||||||
Taiwan Surface Mounting Technology Corp.(a) | 1,645,000 | 1,559,977 | ||||||
Taiwan TEA Corp.(a) | 2,948,000 | 1,496,395 | ||||||
Teco Electric and Machinery Co., Ltd. | 4,511,683 | 3,798,807 | ||||||
Test Research, Inc. | 1,297,115 | 2,477,940 | ||||||
Thinking Electronic Industrial Co., Ltd.(a) | 189,000 | 624,231 | ||||||
Thye Ming Industrial Co., Ltd. | 1,190,000 | 1,646,826 | ||||||
Ton Yi Industrial Corp.(a) | 2,646,538 | 1,189,068 | ||||||
Tong Hsing Electronic Industries Ltd.(a) | 532,918 | 2,257,275 | ||||||
Tong Yang Industry Co., Ltd.(a) | 1,013,685 | 1,814,808 | ||||||
Topco Scientific Co., Ltd. | 805,521 | 2,375,924 | ||||||
Transcend Information, Inc.(a) | 1,060,479 | 3,142,483 | ||||||
Tripod Technology Corp. | 1,326,928 | 4,459,956 | ||||||
TSRC Corp.(a) | 1,578,011 | 1,656,108 | ||||||
Tung Ho Steel Enterprise Corp.(a) | 2,727,153 | 2,347,688 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 53 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2018
Investments | Shares | Value | ||||||
TXC Corp.(a) | 1,623,549 | $ | 2,177,205 | |||||
TYC Brother Industrial Co., Ltd.(a) | 927,000 | 991,954 | ||||||
U-Ming Marine Transport Corp.*(a) | 727,420 | 880,678 | ||||||
Unimicron Technology Corp.(a) | 1,186,000 | 766,749 | ||||||
UPC Technology Corp. | 1,489,000 | 965,192 | ||||||
USI Corp. | 1,987,540 | 991,827 | ||||||
Visual Photonics Epitaxy Co., Ltd.(a) | 642,750 | 2,457,956 | ||||||
Vivotek, Inc. | 307,625 | 933,732 | ||||||
Voltronic Power Technology Corp. | 112,315 | 2,134,050 | ||||||
Walsin Lihwa Corp.(a) | 8,706,000 | 5,225,332 | ||||||
Wan Hai Lines Ltd. | 1,942,000 | 1,195,559 | ||||||
Well Shin Technology Co., Ltd.(a) | 622,000 | 1,139,171 | ||||||
Wistron Corp.(a) | 11,774,748 | 10,055,603 | ||||||
Wistron NeWeb Corp.(a) | 773,648 | 2,061,682 | ||||||
Wowprime Corp. | 120,000 | 530,919 | ||||||
WPG Holdings Ltd.(a) | 6,314,759 | 8,294,930 | ||||||
WT Microelectronics Co., Ltd.(a) | 1,974,678 | 3,183,108 | ||||||
Yageo Corp.(a) | 418,731 | 7,496,573 | ||||||
YC INOX Co., Ltd.(a) | 2,455,000 | 2,218,652 | ||||||
Yieh Phui Enterprise Co., Ltd.(a) | 3,015,000 | 1,111,611 | ||||||
Yulon Motor Co., Ltd. | 993,000 | 769,688 | ||||||
Yungtay Engineering Co., Ltd.(a) | 1,255,790 | 2,429,144 | ||||||
Zeng Hsing Industrial Co., Ltd. | 507,000 | 2,269,215 | ||||||
Zinwell Corp.(a) | 908,186 | 851,901 | ||||||
|
| |||||||
Total Taiwan | 446,372,721 | |||||||
Thailand – 6.4% | ||||||||
Amata Corp. PCL NVDR(a) | 2,276,600 | 1,514,336 | ||||||
Ananda Development PCL NVDR(a) | 6,388,800 | 788,640 | ||||||
AP Thailand PCL NVDR | 5,583,200 | 1,410,530 | ||||||
Bangkok Aviation Fuel Services PCL NVDR | 1,086,700 | 1,251,078 | ||||||
Bangkok Chain Hospital PCL NVDR | 2,445,800 | 1,337,486 | ||||||
Bangkok Land PCL NVDR | 59,907,614 | 3,563,421 | ||||||
Bangkok Life Assurance PCL NVDR(a) | 477,800 | 488,954 | ||||||
Bangkok Ranch PCL NVDR | 1,690,400 | 386,516 | ||||||
Banpu PCL NVDR | 6,899,486 | 4,479,039 | ||||||
BCPG PCL NVDR | 2,373,700 | 1,563,742 | ||||||
Beauty Community PCL NVDR | 4,839,100 | 3,296,221 | ||||||
BEC World PCL NVDR(a) | 1,790,800 | 744,496 | ||||||
Carabao Group PCL NVDR(a) | 669,600 | 1,365,110 | ||||||
Central Plaza Hotel PCL NVDR | 1,109,700 | 1,747,769 | ||||||
CH Karnchang PCL NVDR(a) | 1,714,525 | 1,321,396 | ||||||
Dhipaya Insurance PCL NVDR(a) | 2,186,944 | 1,748,436 | ||||||
Eastern Polymer Group PCL NVDR(a) | 1,967,100 | 427,767 | ||||||
Eastern Water Resources Development and Management PCL NVDR(a) | 2,107,400 | 801,985 | ||||||
Forth Smart Service PCL NVDR(a) | 1,308,805 | 452,034 | ||||||
GFPT PCL NVDR(a) | 2,618,500 | 1,096,973 | ||||||
Global Power Synergy PCL NVDR(a) | 1,536,500 | 3,734,378 | ||||||
Gunkul Engineering PCL NVDR(a) | 7,593,133 | 845,030 | ||||||
Hana Microelectronics PCL | 2,576,547 | 2,657,296 | ||||||
Inter Far East Energy Corp. NVDR*† | 4,230,700 | 0 | ||||||
Jasmine International PCL NVDR(a) | 15,874,400 | 3,122,084 | ||||||
Karmarts PCL NVDR(a) | 2,335,400 | 504,124 | ||||||
KCE Electronics PCL NVDR(a) | 699,200 | 1,503,716 | ||||||
KGI Securities Thailand PCL NVDR | 9,167,600 | 1,389,652 | ||||||
Khon Kaen Sugar Industry PCL NVDR(a) | 4,094,900 | 479,288 | ||||||
Kiatnakin Bank PCL NVDR | 2,683,506 | 6,286,115 | ||||||
LPN Development PCL NVDR(a) | 4,840,618 | 1,609,927 | ||||||
Major Cineplex Group PCL NVDR(a) | 2,329,300 | 2,122,963 | ||||||
Malee Group PCL NVDR(a) | 405,400 | 281,330 | ||||||
MC Group PCL NVDR(a) | 2,355,800 | 956,785 | ||||||
MCS Steel PCL NVDR(a) | 2,297,600 | 734,762 | ||||||
Mega Lifesciences PCL NVDR | 395,200 | 524,490 | ||||||
Polyplex Thailand PCL NVDR(a) | 1,337,900 | 658,895 | ||||||
Pruksa Holding PCL NVDR(a) | 3,420,400 | 2,340,792 | ||||||
Quality Houses PCL NVDR | 32,286,444 | 3,014,916 | ||||||
Ratchaburi Electricity Generating Holding PCL NVDR | 2,060,000 | 3,442,117 | ||||||
Robinson PCL NVDR | 1,216,900 | 2,461,430 | ||||||
Sansiri PCL | 37,868,124 | 2,034,488 | ||||||
Siam City Cement PCL NVDR(a) | 410,454 | 3,425,919 | ||||||
Siam Global House PCL NVDR(a) | 1,659,279 | 833,088 | ||||||
Siamgas & Petrochemicals PCL NVDR(a) | 1,983,200 | 1,839,232 | ||||||
Sino-Thai Engineering & Construction PCL NVDR(a) | 998,600 | 609,954 | ||||||
Somboon Advance Technology PCL NVDR(a) | 1,328,500 | 879,435 | ||||||
SPCG PCL NVDR | 3,280,300 | 2,286,874 | ||||||
Sri Trang Agro-Industry PCL NVDR(a) | 2,742,520 | 964,750 | ||||||
Star Petroleum Refining PCL NVDR | 10,346,570 | 5,294,056 | ||||||
Supalai PCL | 3,584,627 | 2,464,646 | ||||||
Taokaenoi Food & Marketing PCL NVDR(a) | 1,297,380 | 780,005 | ||||||
Thai Vegetable Oil PCL NVDR | 3,424,600 | 3,750,961 | ||||||
Thanachart Capital PCL | 1,385,866 | 2,382,165 | ||||||
Tipco Asphalt PCL NVDR(a) | 4,073,500 | 2,253,647 | ||||||
Tisco Financial Group PCL NVDR | 2,047,957 | 5,877,971 | ||||||
TPI Polene PCL NVDR(a) | 12,003,110 | 656,390 | ||||||
TPI Polene Power PCL NVDR(a) | 9,763,400 | 2,123,157 | ||||||
TTW PCL | 8,057,524 | 3,117,878 | ||||||
Unique Engineering & Construction PCL NVDR(a) | 1,728,800 | 718,721 | ||||||
Vibhavadi Medical Center PCL NVDR | 10,074,500 | 779,670 | ||||||
|
| |||||||
Total Thailand | 111,529,026 | |||||||
Turkey – 1.8% | ||||||||
AG Anadolu Grubu Holding AS Class A | 160,588 | 972,106 | ||||||
Aksa Akrilik Kimya Sanayii AS | 830,288 | 3,477,174 | ||||||
Alarko Holding AS | 874,038 | 1,489,311 | ||||||
Anadolu Cam Sanayii AS | 1 | 1 | ||||||
Aselsan Elektronik Sanayi ve Ticaret AS | 1 | 7 | ||||||
Borusan Mannesmann Boru Sanayi ve Ticaret AS | 278,222 | 868,083 | ||||||
Cimsa Cimento Sanayi ve Ticaret AS | 298,814 | 1,019,078 | ||||||
EGE Endustri VE Ticaret AS | 6,488 | 627,279 | ||||||
Is Gayrimenkul Yatirim Ortakligi AS | 2,977,005 | 961,924 | ||||||
Kordsa Teknik Tekstil AS | 320,590 | 650,665 | ||||||
Otokar Otomotiv Ve Savunma Sanayi AS(a) | 27,952 | 805,806 | ||||||
Soda Sanayii AS | 2,249,700 | 3,134,838 | ||||||
Tat Gida Sanayi AS | 595,271 | 859,532 | ||||||
TAV Havalimanlari Holding AS | 819,547 | 4,940,370 |
See Notes to Financial Statements.
54 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2018
Investments | Shares | Value | ||||||
Tekfen Holding AS | 611,020 | $ | 2,629,851 | |||||
Torunlar Gayrimenkul Yatirim Ortakligi AS | 839,817 | 614,800 | ||||||
Trakya Cam Sanayii AS | 2,058,668 | 2,671,166 | ||||||
Turk Traktor ve Ziraat Makineleri AS | 109,916 | 2,004,703 | ||||||
Turkiye Sise ve Cam Fabrikalari AS | 1,614,773 | 2,103,355 | ||||||
Ulker Biskuvi Sanayi AS | 232,031 | 1,300,320 | ||||||
|
| |||||||
Total Turkey | 31,130,369 | |||||||
TOTAL COMMON STOCKS (Cost: $1,480,788,442) | 1,737,349,436 | |||||||
WARRANTS – 0.0% | ||||||||
Malaysia – 0.0% | ||||||||
Econpile Holdings Bhd, expiring 1/2/23* (Cost: $0) | 253,100 | 11,778 | ||||||
EXCHANGE-TRADED FUND – 0.0% | ||||||||
United States – 0.0% | ||||||||
WisdomTree Emerging Markets High Dividend Fund(c) | ||||||||
(Cost: $131,541) | 2,814 | 134,566 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2% | ||||||||
United States – 1.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d) | ||||||||
(Cost: $21,429,989)(e) | 21,429,989 | 21,429,989 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.9% (Cost: $1,502,349,972) | 1,758,925,769 | |||||||
Other Assets less Liabilities – (0.9)% | (15,821,454 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,743,104,315 |
* | 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 $299,836, which represents 0.02% of net assets. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $180,385,045 and the total market value of the collateral held by the Fund was $198,893,705. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $177,463,716. |
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 | Amount and Description of | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
State Street Bank and Trust | 4/2/2018 | 145,349 | USD | 2,000,000,000 | IDR | $ | 79 | $ | — | |||||||||||||||||||
State Street Bank and Trust | 4/2/2018 | 262,679 | USD | 280,000,000 | KRW | — | (10 | ) | ||||||||||||||||||||
State Street Bank and Trust | 4/2/2018 | 116,324 | USD | 450,000 | MYR | — | (15 | ) | ||||||||||||||||||||
State Street Bank and Trust | 4/2/2018 | 85,743 | USD | 2,500,000 | TWD | — | — | |||||||||||||||||||||
State Street Bank and Trust | 4/3/2018 | 60,698 | USD | 200,000 | BRL | 522 | — | |||||||||||||||||||||
State Street Bank and Trust | 4/3/2018 | 48,944 | USD | 890,000 | MXN | 187 | — | |||||||||||||||||||||
$ | 788 | $ | (25 | ) |
CURRENCY LEGEND |
BRL – Brazilian real
IDR – Indonesian rupiah
KRW – South Korean won
MXN – Mexican peso
MYR – Malaysian ringgit
TWD – New Taiwan dollar
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 55 |
Table of Contents
Schedule of Investments
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.5% | ||||||||
Australia – 5.0% | ||||||||
Aristocrat Leisure Ltd. | 15,862 | $ | 292,737 | |||||
carsales.com Ltd. | 15,245 | 157,982 | ||||||
Cochlear Ltd. | 1,953 | 272,076 | ||||||
Crown Resorts Ltd. | 73,265 | 713,151 | ||||||
CSL Ltd. | 12,411 | 1,479,957 | ||||||
Domino’s Pizza Enterprises Ltd.(a) | 3,209 | 102,717 | ||||||
Magellan Financial Group Ltd. | 12,956 | 236,919 | ||||||
Northern Star Resources Ltd. | 22,140 | 106,650 | ||||||
REA Group Ltd. | 3,273 | 198,861 | ||||||
|
| |||||||
Total Australia | 3,561,050 | |||||||
Austria – 0.1% | ||||||||
ams AG* | 859 | 89,578 | ||||||
Belgium – 0.2% | ||||||||
Melexis N.V. | 1,525 | 151,917 | ||||||
Brazil – 1.0% | ||||||||
CCR S.A. | 15,570 | 58,558 | ||||||
Estacio Participacoes S.A. | 10,823 | 113,876 | ||||||
Localiza Rent a Car S.A. | 9,976 | 86,205 | ||||||
Lojas Renner S.A. | 8,305 | 85,834 | ||||||
M. Dias Branco S.A. | 2,161 | 33,167 | ||||||
Natura Cosmeticos S.A. | 700 | 6,740 | ||||||
Odontoprev S.A. | 11,576 | 52,001 | ||||||
Smiles Fidelidade S.A. | 3,114 | 65,117 | ||||||
Ultrapar Participacoes S.A. | 8,291 | 176,916 | ||||||
|
| |||||||
Total Brazil | 678,414 | |||||||
Canada – 2.9% | ||||||||
Alimentation Couche-Tard, Inc. Class B | 5,850 | 261,679 | ||||||
Canadian Pacific Railway Ltd. | 3,221 | 567,625 | ||||||
CI Financial Corp.(a) | 25,852 | 553,434 | ||||||
Constellation Software, Inc. | 248 | 168,151 | ||||||
Dollarama, Inc. | 979 | 118,900 | ||||||
Open Text Corp. | 8,421 | 292,751 | ||||||
Toromont Industries Ltd. | 2,233 | 96,872 | ||||||
Winpak Ltd. | 460 | 17,287 | ||||||
|
| |||||||
Total Canada | 2,076,699 | |||||||
Chile – 0.1% | ||||||||
Aguas Andinas S.A. Class A | 107,803 | 70,164 | ||||||
China – 3.3% | ||||||||
AAC Technologies Holdings, Inc. | 8,000 | 144,337 | ||||||
Anhui Conch Cement Co., Ltd. Class H | 16,000 | 87,153 | ||||||
ANTA Sports Products Ltd. | 28,000 | 141,279 | ||||||
Beijing Enterprises Water Group Ltd.* | 34,000 | 18,975 | ||||||
Brilliance China Automotive Holdings Ltd. | 22,000 | 45,916 | ||||||
China Conch Venture Holdings Ltd. | 19,500 | 59,507 | ||||||
China Gas Holdings Ltd. | 28,000 | 101,856 | ||||||
China Medical System Holdings Ltd. | 19,000 | 43,141 | ||||||
China State Construction International Holdings Ltd. | 30,000 | 36,619 | ||||||
China Yongda Automobiles Services Holdings Ltd.(a) | 2,000 | 2,130 | ||||||
CIFI Holdings Group Co., Ltd. | 160,000 | 139,648 | ||||||
CSPC Pharmaceutical Group Ltd. | 114,400 | 303,918 | ||||||
Geely Automobile Holdings Ltd. | 24,000 | 69,111 | ||||||
Guangzhou Automobile Group Co., Ltd. Class H | 26,000 | 47,903 | ||||||
Haier Electronics Group Co., Ltd.* | 3,000 | 10,684 | ||||||
Haitian International Holdings Ltd. | 20,000 | 60,650 | ||||||
Kingboard Laminates Holdings Ltd. | 22,000 | 31,900 | ||||||
Logan Property Holdings Co., Ltd.(a) | 82,000 | 124,751 | ||||||
Minth Group Ltd. | 14,000 | 63,772 | ||||||
Shenzhou International Group Holdings Ltd. | 17,200 | 181,132 | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. | 85,000 | 25,126 | ||||||
Sino Biopharmaceutical Ltd. | 21,500 | 42,187 | ||||||
SITC International Holdings Co., Ltd. | 23,000 | 22,858 | ||||||
Sunny Optical Technology Group Co., Ltd. | 3,000 | 55,388 | ||||||
Tencent Holdings Ltd. | 8,100 | 422,736 | ||||||
TravelSky Technology Ltd. Class H | 7,000 | 20,291 | ||||||
Zhou Hei Ya International Holdings Co., Ltd.(a)(b) | 4,000 | 3,639 | ||||||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 3,600 | 17,431 | ||||||
|
| |||||||
Total China | 2,324,038 | |||||||
Denmark – 3.5% | ||||||||
Ambu A/S Class B | 1,140 | 25,656 | ||||||
Chr Hansen Holding A/S | 5,730 | 492,555 | ||||||
Dfds A/S | 3,432 | 191,507 | ||||||
DSV A/S | 1,611 | 126,070 | ||||||
Pandora A/S | 13,999 | 1,500,858 | ||||||
SimCorp A/S | 1,521 | 105,350 | ||||||
|
| |||||||
Total Denmark | 2,441,996 | |||||||
Finland – 0.2% | ||||||||
Konecranes Oyj | 3,831 | 166,035 | ||||||
France – 1.2% | ||||||||
Cie Plastic Omnium S.A. | 3,961 | 189,499 | ||||||
Direct Energie(a) | 429 | 16,145 | ||||||
Ipsen S.A. | 1,449 | 224,806 | ||||||
Sartorius Stedim Biotech | 1,508 | 136,221 | ||||||
SEB S.A. | 1,043 | 199,080 | ||||||
Trigano S.A. | 259 | 46,729 | ||||||
|
| |||||||
Total France | 812,480 | |||||||
Germany – 4.7% | ||||||||
adidas AG | 4,344 | 1,050,597 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA(a) | 5,140 | 357,793 | ||||||
CompuGroup Medical SE | 807 | 43,610 | ||||||
Covestro AG(b) | 7,983 | 784,057 | ||||||
CTS Eventim AG & Co. KGaA | 5,360 | 250,891 | ||||||
Diebold Nixdorf AG* | 1,782 | 147,275 | ||||||
Fuchs Petrolub SE | 3,236 | 164,565 | ||||||
Nemetschek SE | 689 | 77,110 | ||||||
United Internet AG Registered Shares | 6,530 | 410,380 | ||||||
Wirecard AG | 441 | 52,024 | ||||||
|
| |||||||
Total Germany | 3,338,302 | |||||||
Hong Kong – 2.3% | ||||||||
Galaxy Entertainment Group Ltd. | 93,000 | 844,291 | ||||||
PCCW Ltd. | 1,134,000 | 655,984 | ||||||
Vitasoy International Holdings Ltd. | 38,000 | 97,805 | ||||||
|
| |||||||
Total Hong Kong | 1,598,080 |
See Notes to Financial Statements.
56 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
March 31, 2018
Investments | Shares | Value | ||||||
India – 2.0% | ||||||||
Adani Ports & Special Economic Zone Ltd. | 3,839 | $ | 20,843 | |||||
Alkem Laboratories Ltd. | 160 | 4,878 | ||||||
Asian Paints Ltd. | 2,655 | 45,608 | ||||||
Aurobindo Pharma Ltd. | 1,302 | 11,136 | ||||||
Bharat Forge Ltd. | 3,409 | 36,569 | ||||||
Biocon Ltd. | 607 | 5,527 | ||||||
Cadila Healthcare Ltd.* | 1,166 | 6,755 | ||||||
Cipla Ltd. | 813 | 6,799 | ||||||
Cummins India Ltd. | 482 | 5,175 | ||||||
Dabur India Ltd. | 1,695 | 8,535 | ||||||
Eicher Motors Ltd. | 17 | 7,395 | ||||||
Emami Ltd. | 294 | 4,818 | ||||||
Endurance Technologies Ltd.(b) | 203 | 3,937 | ||||||
Godrej Consumer Products Ltd. | 1,284 | 21,530 | ||||||
Hero MotoCorp Ltd. | 1,987 | 107,933 | ||||||
Hindustan Unilever Ltd. | 10,446 | 213,551 | ||||||
Hindustan Zinc Ltd. | 720 | 3,318 | ||||||
Indraprastha Gas Ltd. | 732 | 3,136 | ||||||
InterGlobe Aviation Ltd.(b) | 789 | 15,611 | ||||||
ITC Ltd. | 40,780 | 159,752 | ||||||
Kansai Nerolac Paints Ltd. | 464 | 3,598 | ||||||
Marico Ltd. | 2,191 | 10,953 | ||||||
Maruti Suzuki India Ltd. | 806 | 109,504 | ||||||
Motherson Sumi Systems Ltd. | 5,789 | 27,600 | ||||||
Motilal Oswal Financial Services Ltd. | 152 | 2,336 | ||||||
Natco Pharma Ltd. | 380 | 4,391 | ||||||
Nestle India Ltd. | 107 | 13,458 | ||||||
Pidilite Industries Ltd. | 2,828 | 39,796 | ||||||
Sun Pharmaceutical Industries Ltd. | 5,902 | 44,802 | ||||||
Sun TV Network Ltd. | 451 | 5,868 | ||||||
Tata Consultancy Services Ltd. | 8,557 | 373,805 | ||||||
Torrent Pharmaceuticals Ltd. | 697 | 13,356 | ||||||
UPL Ltd. | 3,513 | 39,333 | ||||||
Vakrangee Ltd. | 884 | 3,000 | ||||||
Whirlpool of India Ltd. | 165 | 3,821 | ||||||
Zee Entertainment Enterprises Ltd. | 1,819 | 16,050 | ||||||
|
| |||||||
Total India | 1,404,477 | |||||||
Indonesia – 0.9% | ||||||||
Chandra Asri Petrochemical Tbk PT | 10,300 | 4,657 | ||||||
Hanjaya Mandala Sampoerna Tbk PT | 190,200 | 54,984 | ||||||
Kalbe Farma Tbk PT | 209,700 | 22,847 | ||||||
Matahari Department Store Tbk PT | 95,500 | 75,956 | ||||||
Pakuwon Jati Tbk PT | 75,800 | 3,469 | ||||||
Surya Citra Media Tbk PT | 139,400 | 27,439 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 1,200,800 | 313,992 | ||||||
Unilever Indonesia Tbk PT | 25,500 | 91,730 | ||||||
United Tractors Tbk PT | 16,600 | 38,584 | ||||||
|
| |||||||
Total Indonesia | 633,658 | |||||||
Italy – 1.8% | ||||||||
Brembo SpA | 9,839 | 151,740 | ||||||
Brunello Cucinelli SpA | 1,175 | 36,850 | ||||||
De’ Longhi SpA | 8,844 | 262,348 | ||||||
Ferrari N.V. | 2,397 | 287,543 | ||||||
Industria Macchine Automatiche SpA | 1,800 | 174,996 | ||||||
Moncler SpA | 3,756 | 142,737 | ||||||
Recordati SpA | 6,405 | 236,158 | ||||||
|
| |||||||
Total Italy | 1,292,372 | |||||||
Japan – 8.6% | ||||||||
Asahi Intecc Co., Ltd. | 1,500 | 59,450 | ||||||
Fast Retailing Co., Ltd. | 1,900 | 772,506 | ||||||
Fujitsu General Ltd. | 2,300 | 41,156 | ||||||
Haseko Corp.(a) | 15,600 | 237,484 | ||||||
Japan Lifeline Co., Ltd. | 900 | 26,234 | ||||||
Kakaku.com, Inc.(a) | 9,200 | 161,076 | ||||||
Kaken Pharmaceutical Co., Ltd. | 3,000 | 177,151 | ||||||
M3, Inc. | 2,300 | 103,376 | ||||||
Mixi, Inc. | 4,800 | 177,377 | ||||||
MonotaRO Co., Ltd.(a) | 2,000 | 71,838 | ||||||
Murata Manufacturing Co., Ltd. | 7,000 | 959,003 | ||||||
Nihon M&A Center, Inc. | 1,800 | 61,946 | ||||||
Open House Co., Ltd. | 1,900 | 117,913 | ||||||
Oracle Corp. | 3,300 | 268,406 | ||||||
Park24 Co., Ltd. | 8,800 | 235,991 | ||||||
Pigeon Corp. | 4,000 | 180,724 | ||||||
Pilot Corp. | 700 | 39,031 | ||||||
Relo Group, Inc. | 1,900 | 52,632 | ||||||
Ryohin Keikaku Co., Ltd. | 500 | 167,842 | ||||||
Seria Co., Ltd. | 500 | 25,294 | ||||||
Shimano, Inc. | 1,800 | 259,633 | ||||||
Start Today Co., Ltd. | 5,300 | 141,632 | ||||||
Trend Micro, Inc. | 7,200 | 429,901 | ||||||
USS Co., Ltd. | 12,800 | 258,768 | ||||||
Yahoo Japan Corp.(a) | 207,800 | 965,239 | ||||||
Zenkoku Hosho Co., Ltd. | 2,000 | 87,823 | ||||||
|
| |||||||
Total Japan | 6,079,426 | |||||||
Malaysia – 0.2% | ||||||||
Fraser & Neave Holdings Bhd | 6,700 | 57,820 | ||||||
HAP Seng Consolidated Bhd | 37,200 | 94,827 | ||||||
Hartalega Holdings Bhd | 4,800 | 7,508 | ||||||
|
| |||||||
Total Malaysia | 160,155 | |||||||
Mexico – 0.7% | ||||||||
America Movil S.A.B. de C.V. Series L | 369,427 | 349,117 | ||||||
Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B | 4,350 | 73,023 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 23,569 | 43,953 | ||||||
|
| |||||||
Total Mexico | 466,093 | |||||||
Netherlands – 2.5% | ||||||||
ASML Holding N.V. | 7,550 | 1,487,052 | ||||||
BE Semiconductor Industries N.V. | 1,821 | 185,995 | ||||||
TKH Group N.V. CVA | 1,951 | 124,771 | ||||||
|
| |||||||
Total Netherlands | 1,797,818 | |||||||
New Zealand – 0.5% | ||||||||
Fisher & Paykel Healthcare Corp., Ltd. | 21,339 | 203,200 | ||||||
Ryman Healthcare Ltd. | 20,454 | 156,261 | ||||||
|
| |||||||
Total New Zealand | 359,461 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 57 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
March 31, 2018
Investments | Shares | Value | ||||||
Norway – 3.3% | ||||||||
Entra ASA(b) | 12,610 | $ | 171,540 | |||||
Leroy Seafood Group ASA | 30,545 | 188,695 | ||||||
Marine Harvest ASA | 68,939 | 1,380,369 | ||||||
Salmar ASA | 12,280 | 502,402 | ||||||
Tomra Systems ASA | 5,241 | 109,480 | ||||||
|
| |||||||
Total Norway | 2,352,486 | |||||||
Philippines – 0.1% | ||||||||
DMCI Holdings, Inc. | 96,100 | 22,396 | ||||||
Jollibee Foods Corp. | 1,210 | 6,934 | ||||||
Semirara Mining & Power Corp. | 36,250 | 21,051 | ||||||
|
| |||||||
Total Philippines | 50,381 | |||||||
Poland – 0.0% | ||||||||
CCC S.A. | 123 | 8,374 | ||||||
CD Projekt S.A. | 373 | 11,913 | ||||||
|
| |||||||
Total Poland | 20,287 | |||||||
Russia – 2.5% | ||||||||
Magnit PJSC GDR Reg S | 4,079 | 75,196 | ||||||
MMC Norilsk Nickel PJSC ADR | 39,007 | 722,995 | ||||||
Novatek PJSC GDR Reg S | 1,854 | 253,998 | ||||||
Tatneft PJSC ADR | 11,845 | 747,657 | ||||||
|
| |||||||
Total Russia | 1,799,846 | |||||||
Singapore – 0.1% | ||||||||
First Resources Ltd. | 66,000 | 84,557 | ||||||
South Africa – 1.8% | ||||||||
AVI Ltd. | 9,961 | 93,164 | ||||||
Capitec Bank Holdings Ltd. | 1,100 | 80,790 | ||||||
Clicks Group Ltd. | 4,979 | 76,525 | ||||||
Discovery Ltd. | 8,409 | 121,003 | ||||||
Mr. Price Group Ltd. | 6,506 | 156,490 | ||||||
Naspers Ltd. Class N | 697 | 170,112 | ||||||
Netcare Ltd. | 39,922 | 94,340 | ||||||
Pick n Pay Stores Ltd. | 4,685 | 27,101 | ||||||
Rand Merchant Investment Holdings Ltd. | 16,419 | 55,429 | ||||||
RMB Holdings Ltd. | 29,370 | 191,235 | ||||||
Santam Ltd. | 2,086 | 57,395 | ||||||
Shoprite Holdings Ltd. | 8,294 | 176,803 | ||||||
|
| |||||||
Total South Africa | 1,300,387 | |||||||
South Korea – 3.3% | ||||||||
BGF Co., Ltd. | 16 | 197 | ||||||
Hanssem Co., Ltd. | 54 | 7,827 | ||||||
Korea Aerospace Industries Ltd.* | 748 | 35,053 | ||||||
Medy-Tox, Inc. | 15 | 10,302 | ||||||
NAVER Corp. | 22 | 16,347 | ||||||
NCSoft Corp. | 189 | 74,472 | ||||||
Samsung Electronics Co., Ltd. | 787 | 1,817,063 | ||||||
SK Holdings Co., Ltd. | 328 | 91,085 | ||||||
SK Hynix, Inc. | 3,673 | 280,153 | ||||||
|
| |||||||
Total South Korea | 2,332,499 | |||||||
Spain – 5.4% | ||||||||
Industria de Diseno Textil S.A. | 121,484 | 3,799,424 | ||||||
Sweden – 6.0% | ||||||||
Atlas Copco AB Class A | 36,222 | 1,562,233 | ||||||
Atlas Copco AB Class B | 18,042 | 699,077 | ||||||
Evolution Gaming Group AB(b) | 515 | 28,127 | ||||||
Hemfosa Fastigheter AB | 15,247 | 184,425 | ||||||
Indutrade AB | 3,615 | 92,892 | ||||||
Intrum Justitia AB(a) | 4,696 | 132,725 | ||||||
Investment AB Latour Class B | 20,711 | 234,689 | ||||||
JM AB | 5,590 | 126,487 | ||||||
Peab AB | 24,643 | 220,983 | ||||||
Sandvik AB | 51,924 | 945,194 | ||||||
|
| |||||||
Total Sweden | 4,226,832 | |||||||
Switzerland – 9.8% | ||||||||
EMS-Chemie Holding AG Registered Shares | 1,323 | 833,092 | ||||||
Geberit AG Registered Shares | 1,753 | 773,253 | ||||||
Givaudan S.A. Registered Shares | 513 | 1,165,715 | ||||||
Kuehne + Nagel International AG Registered Shares | 8,197 | 1,286,559 | ||||||
Partners Group Holding AG | 1,274 | 944,591 | ||||||
Roche Holding AG Bearer Shares | 4,917 | 1,138,879 | ||||||
Schindler Holding AG Participation Certificate | 1,204 | 259,006 | ||||||
Sonova Holding AG Registered Shares | 1,970 | 312,287 | ||||||
Straumann Holding AG Registered Shares(a) | 211 | 132,646 | ||||||
Temenos Group AG Registered Shares* | 787 | 94,019 | ||||||
|
| |||||||
Total Switzerland | 6,940,047 | |||||||
Taiwan – 6.1% | ||||||||
Advantech Co., Ltd. | 7,000 | 50,417 | ||||||
Catcher Technology Co., Ltd. | 20,000 | 244,195 | ||||||
Eclat Textile Co., Ltd. | 4,283 | 50,238 | ||||||
Feng TAY Enterprise Co., Ltd. | 13,440 | 60,154 | ||||||
Formosa Plastics Corp. | 194,000 | 691,978 | ||||||
Hotai Motor Co., Ltd. | 10,000 | 101,177 | ||||||
Largan Precision Co., Ltd. | 1,000 | 114,895 | ||||||
Nan Ya Plastics Corp. | 277,000 | 775,224 | ||||||
Nien Made Enterprise Co., Ltd. | 3,000 | 28,861 | ||||||
Novatek Microelectronics Corp. | 39,000 | 177,230 | ||||||
Standard Foods Corp. | 4,000 | 9,301 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 241,000 | 2,045,735 | ||||||
|
| |||||||
Total Taiwan | 4,349,405 | |||||||
Thailand – 0.7% | ||||||||
Airports of Thailand PCL NVDR | 47,300 | 102,102 | ||||||
Bumrungrad Hospital PCL NVDR | 6,300 | 42,913 | ||||||
Central Pattana PCL NVDR | 14,350 | 35,795 | ||||||
CP ALL PCL | 73,456 | 206,720 | ||||||
Energy Absolute PCL NVDR | 3,700 | 5,177 | ||||||
Home Product Center PCL NVDR | 109,500 | 49,725 | ||||||
Minor International PCL | 11,600 | 14,189 | ||||||
|
| |||||||
Total Thailand | 456,621 | |||||||
Turkey – 0.5% | ||||||||
Arcelik AS | 7,789 | 35,097 | ||||||
BIM Birlesik Magazalar AS | 3,470 | 62,981 | ||||||
Petkim Petrokimya Holding AS | 45,743 | 93,994 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 4,218 | 28,792 |
See Notes to Financial Statements.
58 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
March 31, 2018
Investments | Shares | Value | ||||||
Tupras Turkiye Petrol Rafinerileri AS | 3,972 | $ | 108,690 | |||||
|
| |||||||
Total Turkey | 329,554 | |||||||
United Kingdom – 18.2% | ||||||||
Abcam PLC | 4,508 | 78,352 | ||||||
Ashtead Group PLC | 16,271 | 442,804 | ||||||
AVEVA Group PLC | 897 | 24,046 | ||||||
British American Tobacco PLC | 74,605 | 4,323,335 | ||||||
Countryside Properties PLC(b) | 18,832 | 82,898 | ||||||
Croda International PLC | 5,854 | 375,124 | ||||||
Domino’s Pizza Group PLC | 23,877 | 110,700 | ||||||
easyJet PLC | 36,196 | 814,697 | ||||||
Fevertree Drinks PLC | 917 | 33,857 | ||||||
Hargreaves Lansdown PLC | 19,525 | 447,273 | ||||||
Howden Joinery Group PLC | 37,368 | 241,551 | ||||||
Jardine Lloyd Thompson Group PLC | 12,934 | 232,604 | ||||||
JD Sports Fashion PLC | 8,092 | 38,061 | ||||||
Moneysupermarket.com Group PLC | 39,289 | 158,069 | ||||||
NMC Health PLC | 1,438 | 68,586 | ||||||
Renishaw PLC | 1,562 | 98,734 | ||||||
Rentokil Initial PLC | 48,257 | 183,927 | ||||||
Rightmove PLC | 2,677 | 163,243 | ||||||
Spirax-Sarco Engineering PLC | 2,227 | 179,788 | ||||||
Unilever N.V. CVA | 79,081 | 4,461,215 | ||||||
Unite Group PLC (The) | 13,661 | 151,680 | ||||||
Victrex PLC | 3,496 | 125,940 | ||||||
ZPG PLC(b) | 15,640 | 73,718 | ||||||
|
| |||||||
Total United Kingdom | 12,910,202 | |||||||
TOTAL COMMON STOCKS (Cost: $63,866,807) | 70,454,741 | |||||||
EXCHANGE-TRADED FUNDS – 0.0% | ||||||||
United States – 0.0% | ||||||||
WisdomTree Emerging Markets High Dividend Fund(c) | 239 | 11,429 | ||||||
WisdomTree International Equity Fund(c) | 312 | 17,116 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost: $28,639) | 28,545 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.1% | ||||||||
United States – 2.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d) | ||||||||
(Cost: $1,479,062)(e) | 1,479,062 | 1,479,062 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.6% (Cost: $65,374,508) | 71,962,348 | |||||||
Other Assets less Liabilities – (1.6)% | (1,121,244 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 70,841,104 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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) | Affiliated company (See Note 3). |
(d) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(e) | At March 31, 2018, the total market value of the Fund’s securities on loan was $2,677,338 and the total market value of the collateral held by the Fund was $2,806,067. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,327,005. |
ADR – American Depositary Receipt
CVA – Certificaten Van Aandelen (Certificate of Stock)
GDR – Global Depositary Receipt
NVDR – Non-Voting Depositary Receipt
Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 59 |
Table of Contents
Schedule of Investments
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
Australia – 12.6% | ||||||||
Abacus Property Group | 73,300 | $ | 195,100 | |||||
Aveo Group | 65,116 | 131,861 | ||||||
BWP Trust | 102,885 | 238,332 | ||||||
Charter Hall Group | 68,581 | 301,427 | ||||||
Charter Hall Retail REIT | 80,466 | 237,628 | ||||||
Cromwell Property Group | 425,659 | 347,724 | ||||||
Dexus | 136,808 | 978,028 | ||||||
Goodman Group | 158,533 | 1,025,111 | ||||||
GPT Group (The) | 248,336 | 902,904 | ||||||
Growthpoint Properties Australia Ltd.(a) | 121,532 | 307,630 | ||||||
Investa Office Fund | 81,022 | 267,858 | ||||||
LendLease Group | 58,656 | 778,813 | ||||||
Mirvac Group | 472,209 | 778,747 | ||||||
Scentre Group | 829,562 | 2,437,088 | ||||||
Shopping Centres Australasia Property Group | 120,480 | 215,325 | ||||||
Stockland | 403,802 | 1,248,237 | ||||||
Vicinity Centres | 734,217 | 1,357,267 | ||||||
Viva Energy REIT | 113,000 | 173,353 | ||||||
Westfield Corp. | 248,974 | 1,627,111 | ||||||
|
| |||||||
Total Australia | 13,549,544 | |||||||
Austria – 0.8% | ||||||||
BUWOG AG* | 8,841 | 315,972 | ||||||
CA Immobilien Anlagen AG | 7,560 | 252,339 | ||||||
IMMOFINANZ AG* | 73,926 | 192,200 | ||||||
S IMMO AG | 5,187 | 102,706 | ||||||
|
| |||||||
Total Austria | 863,217 | |||||||
Belgium – 1.1% | ||||||||
Aedifica S.A. | 1,738 | 159,884 | ||||||
Befimmo S.A. | 4,354 | 281,125 | ||||||
Cofinimmo S.A. | 2,964 | 384,212 | ||||||
Warehouses De Pauw CVA | 2,808 | 348,795 | ||||||
|
| |||||||
Total Belgium | 1,174,016 | |||||||
Brazil – 0.2% | ||||||||
BR Malls Participacoes S.A. | 7,146 | 25,048 | ||||||
Iguatemi Empresa de Shopping Centers S.A. | 3,128 | 36,950 | ||||||
Multiplan Empreendimentos Imobiliarios S.A. | 5,803 | 119,915 | ||||||
|
| |||||||
Total Brazil | 181,913 | |||||||
Canada – 5.8% | ||||||||
Allied Properties Real Estate Investment Trust | 9,020 | 283,771 | ||||||
Artis Real Estate Investment Trust | 34,365 | 362,242 | ||||||
Boardwalk Real Estate Investment Trust | 7,308 | 250,941 | ||||||
Canadian Apartment Properties REIT | 14,450 | 416,380 | ||||||
Canadian Real Estate Investment Trust | 8,266 | 321,920 | ||||||
Cominar Real Estate Investment Trust | 52,758 | 527,478 | ||||||
CT Real Estate Investment Trust | 4,867 | 50,208 | ||||||
Dream Global Real Estate Investment Trust | 28,185 | 300,596 | ||||||
Dream Office Real Estate Investment Trust | 19,363 | 350,689 | ||||||
First Capital Realty, Inc.(a) | 29,977 | 473,168 | ||||||
FirstService Corp. | 662 | 48,477 | ||||||
Granite Real Estate Investment Trust | 6,901 | 271,972 | ||||||
H&R Real Estate Investment Trust | 51,921 | 846,925 | ||||||
Pure Industrial Real Estate Trust | 35,970 | 224,316 | ||||||
RioCan Real Estate Investment Trust | 52,728 | 966,833 | ||||||
SmartCentres Real Estate Investment Trust | 20,770 | 468,966 | ||||||
Tricon Capital Group, Inc.(a) | 9,289 | 70,969 | ||||||
|
| |||||||
Total Canada | 6,235,851 | |||||||
Chile – 0.1% | ||||||||
Parque Arauco S.A. | 34,350 | 103,545 | ||||||
China – 10.8% | ||||||||
Agile Group Holdings Ltd. | 142,000 | 293,470 | ||||||
China Aoyuan Property Group Ltd. | 92,000 | 84,518 | ||||||
China Jinmao Holdings Group Ltd. | 687,000 | 391,281 | ||||||
China Overseas Grand Oceans Group Ltd. | 43,219 | 20,926 | ||||||
China Overseas Land & Investment Ltd. | 934,049 | 3,243,102 | ||||||
China Resources Land Ltd. | 232,000 | 843,953 | ||||||
China SCE Property Holdings Ltd. | 218,000 | 112,773 | ||||||
China South City Holdings Ltd.(a) | 520,800 | 117,454 | ||||||
China Vanke Co., Ltd. Class H | 128,900 | 587,977 | ||||||
CIFI Holdings Group Co., Ltd. | 373,900 | 326,340 | ||||||
Country Garden Holdings Co., Ltd. | 448,000 | 922,452 | ||||||
Fullshare Holdings Ltd.*(a) | 112,500 | 62,354 | ||||||
Future Land Development Holdings Ltd. | 74,000 | 62,701 | ||||||
Greenland Hong Kong Holdings Ltd. | 77,000 | 36,890 | ||||||
Greentown China Holdings Ltd.(a) | 28,500 | 38,565 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 187,200 | 467,028 | ||||||
Hopson Development Holdings Ltd. | 20,000 | 22,833 | ||||||
KWG Property Holding Ltd. | 269,000 | 366,742 | ||||||
Logan Property Holdings Co., Ltd.(a) | 180,000 | 273,843 | ||||||
Longfor Properties Co., Ltd. | 115,500 | 353,198 | ||||||
Powerlong Real Estate Holdings Ltd. | 207,000 | 108,929 | ||||||
Red Star Macalline Group Corp., Ltd. Class H(b) | 129,600 | 151,756 | ||||||
Shenzhen Investment Ltd. | 1,026,000 | 435,327 | ||||||
Shimao Property Holdings Ltd. | 149,500 | 422,881 | ||||||
Shui On Land Ltd. | 344,500 | 93,496 | ||||||
Sino-Ocean Group Holding Ltd. | 1,154,200 | 836,792 | ||||||
Sunac China Holdings Ltd.(a) | 41,900 | 161,764 | ||||||
Times China Holdings Ltd. | 69,000 | 105,501 | ||||||
Yuexiu Property Co., Ltd. | 1,666,000 | 392,709 | ||||||
Yuzhou Properties Co., Ltd. | 304,000 | 207,230 | ||||||
|
| |||||||
Total China | 11,544,785 | |||||||
Finland – 0.3% | ||||||||
Citycon Oyj | 149,427 | 335,753 | ||||||
France – 8.8% | ||||||||
Fonciere Des Regions | 10,880 | 1,199,586 | ||||||
Gecina S.A. | 6,914 | 1,199,800 | ||||||
ICADE | 11,371 | 1,103,387 | ||||||
Klepierre S.A. | 49,435 | 1,991,123 | ||||||
Mercialys S.A. | 16,013 | 307,417 | ||||||
Nexity S.A.* | 7,263 | 464,932 | ||||||
Unibail-Rodamco SE | 13,883 | 3,169,791 | ||||||
|
| |||||||
Total France | 9,436,036 |
See Notes to Financial Statements.
60 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
March 31, 2018
Investments | Shares | Value | ||||||
Germany – 4.4% | ||||||||
alstria office REIT-AG | 18,566 | $ | 290,669 | |||||
Deutsche Euroshop AG | 7,335 | 268,824 | ||||||
Deutsche Wohnen SE Bearer Shares | 20,580 | 959,261 | ||||||
LEG Immobilien AG | 5,660 | 635,814 | ||||||
TAG Immobilien AG | 16,248 | 336,907 | ||||||
TLG Immobilien AG | 8,559 | 234,736 | ||||||
Vonovia SE | 40,531 | 2,006,345 | ||||||
|
| |||||||
Total Germany | 4,732,556 | |||||||
Hong Kong – 17.7% | ||||||||
Champion REIT | 729,000 | 519,235 | ||||||
Hang Lung Group Ltd. | 110,649 | 361,626 | ||||||
Hang Lung Properties Ltd. | 508,283 | 1,183,876 | ||||||
Henderson Land Development Co., Ltd. | 328,352 | 2,137,888 | ||||||
Hui Xian REIT(d) | 1,021,634 | 503,985 | ||||||
Hysan Development Co., Ltd. | 112,115 | 592,838 | ||||||
Joy City Property Ltd. | 282,000 | 45,273 | ||||||
Kowloon Development Co., Ltd. | 134,000 | 150,761 | ||||||
Lai Sun Development Co., Ltd. | 12,600 | 20,646 | ||||||
Link REIT | 228,615 | 1,951,659 | ||||||
LVGEM China Real Estate Investment Co., Ltd. | 60,000 | 23,929 | ||||||
New World Development Co., Ltd. | 975,001 | 1,376,478 | ||||||
Sino Land Co., Ltd. | 673,735 | 1,090,228 | ||||||
Sun Hung Kai Properties Ltd. | 244,810 | 3,867,900 | ||||||
Sunlight Real Estate Investment Trust | 256,000 | 173,857 | ||||||
Swire Pacific Ltd. Class A | 77,778 | 784,390 | ||||||
Swire Pacific Ltd. Class B | 235,000 | 402,431 | ||||||
Swire Properties Ltd. | 449,541 | 1,575,166 | ||||||
Wharf Holdings Ltd. (The) | 263,872 | 906,101 | ||||||
Wheelock & Co., Ltd. | 135,231 | 988,175 | ||||||
Yuexiu Real Estate Investment Trust | 564,000 | 390,933 | ||||||
|
| |||||||
Total Hong Kong | 19,047,375 | |||||||
Indonesia – 0.0% | ||||||||
Pakuwon Jati Tbk PT | 639,900 | 29,282 | ||||||
Ireland – 0.3% | ||||||||
Green REIT PLC | 122,866 | 228,776 | ||||||
Hibernia REIT PLC(a) | 27,588 | 48,993 | ||||||
|
| |||||||
Total Ireland | 277,769 | |||||||
Israel – 1.1% | ||||||||
Alony Hetz Properties & Investments Ltd. | 15,959 | 143,687 | ||||||
Amot Investments Ltd. | 53,469 | 286,013 | ||||||
Azrieli Group Ltd. | 6,937 | 332,145 | ||||||
Gazit-Globe Ltd. | 23,462 | 231,422 | ||||||
Melisron Ltd. | 3,598 | 143,168 | ||||||
|
| |||||||
Total Israel | 1,136,435 | |||||||
Italy – 0.2% | ||||||||
Beni Stabili SpA SIIQ | 295,903 | 246,008 | ||||||
Japan – 6.6% | ||||||||
Aeon Mall Co., Ltd. | 10,230 | 214,508 | ||||||
Daibiru Corp. | 4,300 | 49,853 | ||||||
Daikyo, Inc.(a) | 6,500 | 131,589 | ||||||
Daito Trust Construction Co., Ltd. | 6,300 | 1,089,394 | ||||||
Daiwa House Industry Co., Ltd. | 45,500 | 1,754,114 | ||||||
Hulic Co., Ltd. | 30,500 | 332,962 | ||||||
Ichigo, Inc.(a) | 15,000 | 66,008 | ||||||
Leopalace21 Corp. | 20,400 | 170,144 | ||||||
Mitsubishi Estate Co., Ltd. | 42,189 | 713,464 | ||||||
Mitsui Fudosan Co., Ltd. | 40,108 | 973,567 | ||||||
Nomura Real Estate Holdings, Inc. | 15,965 | 377,095 | ||||||
NTT Urban Development Corp. | 14,900 | 182,134 | ||||||
Open House Co., Ltd. | 2,500 | 155,148 | ||||||
Relo Group, Inc. | 2,900 | 80,333 | ||||||
Sumitomo Realty & Development Co., Ltd. | 8,279 | 306,327 | ||||||
TOC Co., Ltd. | 5,100 | 41,481 | ||||||
Tokyo Tatemono Co., Ltd. | 12,300 | 185,396 | ||||||
Tokyu Fudosan Holdings Corp. | 37,168 | 270,853 | ||||||
|
| |||||||
Total Japan | 7,094,370 | |||||||
Malaysia – 0.5% | ||||||||
IGB Real Estate Investment Trust | 206,500 | 82,749 | ||||||
IOI Properties Group Bhd | 192,475 | 80,613 | ||||||
KLCCP Stapled Group | 42,300 | 78,410 | ||||||
SP Setia Bhd Group | 183,275 | 141,673 | ||||||
Sunway Bhd | 235,965 | 92,727 | ||||||
Sunway Real Estate Investment Trust | 189,996 | 78,592 | ||||||
|
| |||||||
Total Malaysia | 554,764 | |||||||
Mexico – 1.7% | ||||||||
Concentradora Fibra Danhos S.A. de C.V. | 177,468 | 293,714 | ||||||
Fibra Uno Administracion S.A. de C.V. | 659,137 | 987,974 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.* | 170,900 | 191,184 | ||||||
PLA Administradora Industrial S de RL de C.V.* | 152,562 | 252,745 | ||||||
Prologis Property Mexico S.A. de C.V. | 65,089 | 123,948 | ||||||
|
| |||||||
Total Mexico | 1,849,565 | |||||||
Netherlands – 0.6% | ||||||||
Eurocommercial Properties N.V. CVA | 7,564 | 312,195 | ||||||
Wereldhave N.V.(a) | 8,865 | 338,635 | ||||||
|
| |||||||
Total Netherlands | 650,830 | |||||||
New Zealand – 0.5% | ||||||||
Goodman Property Trust | 201,612 | 193,439 | ||||||
Kiwi Property Group Ltd. | 220,749 | 213,393 | ||||||
Precinct Properties New Zealand Ltd. | 162,120 | 149,700 | ||||||
|
| |||||||
Total New Zealand | 556,532 | |||||||
Norway – 0.2% | ||||||||
Entra ASA(b) | 17,126 | 232,973 | ||||||
Philippines – 0.4% | ||||||||
Ayala Land, Inc. | 188,700 | 148,638 | ||||||
Megaworld Corp. | 370,800 | 33,330 | ||||||
Robinsons Land Corp. | 94,047 | 35,941 | ||||||
SM Prime Holdings, Inc. | 246,775 | 159,385 | ||||||
Vista Land & Lifescapes, Inc. | 275,700 | 34,345 | ||||||
|
| |||||||
Total Philippines | 411,639 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 61 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
March 31, 2018
Investments | Shares | Value | ||||||
Poland – 0.0% | ||||||||
Globe Trade Centre S.A. | 15,166 | $ | 40,469 | |||||
Singapore – 9.2% | ||||||||
Ascendas Real Estate Investment Trust | 312,784 | 627,333 | ||||||
Ascott Residence Trust(a) | 334,988 | 288,673 | ||||||
Bukit Sembawang Estates Ltd. | 36,800 | 171,470 | ||||||
CapitaLand Commercial Trust | 474,375 | 662,020 | ||||||
CapitaLand Ltd. | 329,589 | 897,302 | ||||||
CapitaLand Mall Trust | 538,486 | 854,153 | ||||||
CapitaLand Retail China Trust | 152,500 | 183,749 | ||||||
CDL Hospitality Trusts | 197,300 | 254,280 | ||||||
City Developments Ltd. | 32,703 | 324,212 | ||||||
Frasers Centrepoint Trust | 145,800 | 243,500 | ||||||
Frasers Hospitality Trust(a) | 273,900 | 160,835 | ||||||
Frasers Logistics & Industrial Trust | 252,300 | 209,721 | ||||||
Frasers Property Ltd. | 143,700 | 219,172 | ||||||
GuocoLand Ltd. | 73,000 | 115,793 | ||||||
Ho Bee Land Ltd. | 27,200 | 52,272 | ||||||
Keppel DC REIT(a) | 139,500 | 153,191 | ||||||
Keppel REIT | 492,900 | 454,823 | ||||||
Mapletree Commercial Trust | 409,192 | 489,919 | ||||||
Mapletree Greater China Commercial Trust | 504,200 | 442,179 | ||||||
Mapletree Industrial Trust | 312,818 | 484,268 | ||||||
Mapletree Logistics Trust | 443,075 | 415,605 | ||||||
OUE Hospitality Trust(a) | 312,800 | 196,797 | ||||||
Oxley Holdings Ltd.(a) | 176,376 | 65,907 | ||||||
Parkway Life Real Estate Investment Trust(a) | 84,500 | 180,432 | ||||||
SPH REIT | 399,100 | 302,833 | ||||||
Starhill Global REIT | 383,784 | 213,652 | ||||||
Suntec Real Estate Investment Trust | 383,428 | 552,642 | ||||||
United Industrial Corp., Ltd.(a) | 23,000 | 57,004 | ||||||
UOL Group Ltd. | 40,700 | 265,374 | ||||||
Wheelock Properties Singapore Ltd. | 101,000 | 137,871 | ||||||
Wing Tai Holdings Ltd. | 53,800 | 84,928 | ||||||
Yanlord Land Group Ltd. | 124,000 | 159,811 | ||||||
|
| |||||||
Total Singapore | 9,921,721 | |||||||
South Africa – 3.5% | ||||||||
Fortress REIT Ltd. Class A | 228,993 | 309,028 | ||||||
Fortress REIT Ltd. Class B | 96,019 | 96,434 | ||||||
Growthpoint Properties Ltd. | 581,910 | 1,395,258 | ||||||
Hyprop Investments Ltd. | 44,683 | 408,110 | ||||||
Redefine Properties Ltd. | 1,141,298 | 1,116,375 | ||||||
Resilient REIT Ltd. | 41,480 | 175,040 | ||||||
Vukile Property Fund Ltd. | 155,028 | 286,276 | ||||||
|
| |||||||
Total South Africa | 3,786,521 | |||||||
Spain – 0.8% | ||||||||
Axiare Patrimonio SOCIMI S.A. | 2,533 | 51,463 | ||||||
Hispania Activos Inmobiliarios SOCIMI S.A. | 6,425 | 136,543 | ||||||
Inmobiliaria Colonial Socimi S.A. | 23,459 | 271,200 | ||||||
Merlin Properties Socimi S.A. | 27,443 | 419,860 | ||||||
|
| |||||||
Total Spain | 879,066 | |||||||
Sweden – 1.7% | ||||||||
Atrium Ljungberg AB Class B | 10,031 | 147,325 | ||||||
Castellum AB | 29,341 | 478,226 | ||||||
Fabege AB | 10,675 | 230,458 | ||||||
Hemfosa Fastigheter AB | 19,327 | 233,776 | ||||||
Hufvudstaden AB Class A(a) | 13,713 | 202,875 | ||||||
Klovern AB Class B(a) | 45,195 | 55,800 | ||||||
Kungsleden AB | 21,682 | 144,334 | ||||||
Wallenstam AB Class B | 17,440 | 157,953 | ||||||
Wihlborgs Fastigheter AB | 6,030 | 139,251 | ||||||
|
| |||||||
Total Sweden | 1,789,998 | |||||||
Switzerland – 1.5% | ||||||||
Allreal Holding AG Registered Shares* | 1,519 | 249,518 | ||||||
PSP Swiss Property AG Registered Shares | 5,018 | 488,385 | ||||||
Swiss Prime Site AG Registered Shares* | 8,738 | 843,597 | ||||||
|
| |||||||
Total Switzerland | 1,581,500 | |||||||
Taiwan – 0.5% | ||||||||
Highwealth Construction Corp.* | 311,110 | 481,758 | ||||||
Thailand – 0.7% | ||||||||
Bangkok Land PCL NVDR | 1,016,700 | 60,475 | ||||||
Central Pattana PCL NVDR | 57,374 | 143,114 | ||||||
Land & Houses PCL NVDR | 867,111 | 291,163 | ||||||
Pruksa Holding PCL NVDR | 88,500 | 60,566 | ||||||
Supalai PCL NVDR | 90,000 | 61,880 | ||||||
WHA Corp. PCL NVDR | 825,600 | 98,745 | ||||||
|
| |||||||
Total Thailand | 715,943 | |||||||
United Kingdom – 7.0% | ||||||||
Assura PLC | 193,538 | 160,997 | ||||||
Big Yellow Group PLC | 16,108 | 192,746 | ||||||
British Land Co. PLC (The) | 143,455 | 1,291,952 | ||||||
Capital & Counties Properties PLC(a) | 13,092 | 49,954 | ||||||
Derwent London PLC | 6,288 | 273,621 | ||||||
Grainger PLC | 20,914 | 84,787 | ||||||
Great Portland Estates PLC | 13,873 | 129,594 | ||||||
Hammerson PLC | 104,642 | 787,685 | ||||||
Hansteen Holdings PLC | 96,385 | 172,527 | ||||||
Intu Properties PLC(a) | 237,274 | 691,325 | ||||||
Land Securities Group PLC | 91,958 | 1,208,847 | ||||||
Londonmetric Property PLC | 86,171 | 215,409 | ||||||
NewRiver REIT PLC(a) | 49,937 | 201,749 | ||||||
Safestore Holdings PLC | 16,479 | 113,503 | ||||||
Savills PLC | 12,895 | 177,545 | ||||||
Secure Income REIT PLC | 24,568 | 127,861 | ||||||
Segro PLC | 86,745 | 731,576 | ||||||
Shaftesbury PLC | 12,676 | 174,618 | ||||||
St. Modwen Properties PLC | 11,051 | 60,056 | ||||||
Tritax Big Box REIT PLC | 138,756 | 280,875 | ||||||
Unite Group PLC (The) | 17,611 | 195,538 | ||||||
Workspace Group PLC | 11,404 | 158,696 | ||||||
|
| |||||||
Total United Kingdom | 7,481,461 | |||||||
TOTAL COMMON STOCKS (Cost: $100,073,085) | 106,923,195 |
See Notes to Financial Statements.
62 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
March 31, 2018
Investments | Shares | Value | ||||||
EXCHANGE-TRADED NOTE – 0.1% | ||||||||
United States – 0.1% | ||||||||
iPath MSCI India Index ETN* (Cost: $66,130) | 867 | $ | 72,065 | |||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9% | ||||||||
United States – 1.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $2,072,327)(d) | 2,072,327 | 2,072,327 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.6% (Cost: $102,211,542) | 109,067,587 | |||||||
Other Assets less Liabilities – (1.6)% | (1,739,080 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 107,328,507 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $3,167,314 and the total market value of the collateral held by the Fund was $3,351,821. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,279,494. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
ETN – Exchange-Traded Note
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 | |||||||||||||||||||||||
Bank of Montreal | 4/2/2018 | 4,138 | USD | 440,291 | JPY | $ | — | $ | (2 | ) | ||||||||||||||||||
Bank of Montreal | 4/3/2018 | 2,197 | USD | 2,862 | AUD | 2 | — | |||||||||||||||||||||
Barclays Bank PLC | 4/3/2018 | 12,075 | USD | 142,942 | ZAR | 11 | — | |||||||||||||||||||||
Goldman Sachs | 4/2/2018 | 4,106 | USD | 5,295 | CAD | — | (1 | ) | ||||||||||||||||||||
Goldman Sachs | 4/3/2018 | 3,411 | USD | 28,510 | SEK | 7 | — | |||||||||||||||||||||
HSBC Holdings PLC | 4/3/2018 | 3,399 | USD | 26,680 | HKD | — | — | |||||||||||||||||||||
Societe Generale | 4/2/2018 | 7,737 | USD | 27,166 | ILS | — | (1 | ) | ||||||||||||||||||||
UBS AG | 4/3/2018 | 2,530 | USD | 1,804 | GBP | — | (1 | ) | ||||||||||||||||||||
$ | 20 | $ | (5 | ) |
CURRENCY LEGEND |
AUD – Australian dollar
CAD – Canadian dollar
GBP – British pound
HKD – Hong Kong dollar
ILS – Israeli New shekel
JPY – Japanese yen
SEK – Swedish krona
USD – U.S. dollar
ZAR – South African rand
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 63 |
Table of Contents
Schedule of Investments
WisdomTree Global High Dividend Fund (DEW)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.2% | ||||||||
Australia – 3.4% | ||||||||
AGL Energy Ltd. | 3,955 | $ | 65,770 | |||||
Alumina Ltd. | 16,237 | 29,393 | ||||||
Amcor Ltd. | 7,599 | 82,594 | ||||||
AMP Ltd. | 9,507 | 36,389 | ||||||
ASX Ltd. | 1,554 | 66,823 | ||||||
Aurizon Holdings Ltd. | 13,138 | 42,628 | ||||||
Australia & New Zealand Banking Group Ltd. | 13,933 | 287,061 | ||||||
Bank of Queensland Ltd. | 4,454 | 37,444 | ||||||
Bendigo & Adelaide Bank Ltd. | 4,183 | 31,572 | ||||||
BHP Billiton Ltd. | 12,601 | 272,667 | ||||||
Brambles Ltd. | 1,743 | 13,343 | ||||||
Coca-Cola Amatil Ltd. | 3,637 | 24,187 | ||||||
Commonwealth Bank of Australia | 8,447 | 468,516 | ||||||
Crown Resorts Ltd. | 3,554 | 34,594 | ||||||
Fortescue Metals Group Ltd. | 28,102 | 93,336 | ||||||
Harvey Norman Holdings Ltd.(a) | 6,262 | 17,724 | ||||||
Insurance Australia Group Ltd. | 14,803 | 84,933 | ||||||
Macquarie Group Ltd. | 1,763 | 139,153 | ||||||
Mineral Resources Ltd. | 574 | 7,481 | ||||||
National Australia Bank Ltd. | 14,692 | 321,068 | ||||||
QBE Insurance Group Ltd. | 4,629 | 34,193 | ||||||
Rio Tinto Ltd. | 1,779 | 99,205 | ||||||
Sonic Healthcare Ltd. | 3,013 | 52,878 | ||||||
South32 Ltd. | 20,989 | 51,841 | ||||||
Suncorp Group Ltd. | 8,384 | 85,789 | ||||||
Tabcorp Holdings Ltd. | 25,559 | 86,066 | ||||||
Telstra Corp., Ltd. | 100,319 | 241,622 | ||||||
Wesfarmers Ltd. | 5,527 | 176,193 | ||||||
Westpac Banking Corp. | 16,759 | 367,910 | ||||||
Woodside Petroleum Ltd. | 3,327 | 74,620 | ||||||
Woolworths Group Ltd. | 5,257 | 106,011 | ||||||
|
| |||||||
Total Australia | 3,533,004 | |||||||
Austria – 0.1% | ||||||||
Lenzing AG | 33 | 4,070 | ||||||
Oesterreichische Post AG | 821 | 40,772 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 299 | 9,995 | ||||||
|
| |||||||
Total Austria | 54,837 | |||||||
Belgium – 0.9% | ||||||||
Ageas | 1,433 | 73,949 | ||||||
Anheuser-Busch InBev S.A. | 5,669 | 622,462 | ||||||
Cofinimmo S.A. | 344 | 44,592 | ||||||
Elia System Operator S.A./N.V. | 1,095 | 68,412 | ||||||
KBC Group N.V. | 627 | 54,533 | ||||||
Proximus SADP | 1,963 | 60,910 | ||||||
|
| |||||||
Total Belgium | 924,858 | |||||||
Brazil – 0.4% | ||||||||
Banco Santander Brasil S.A. | 5,218 | 62,658 | ||||||
BB Seguridade Participacoes S.A. | 6,567 | 57,834 | ||||||
CCR S.A. | 6,865 | 25,819 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo | 1,674 | 17,628 | ||||||
Engie Brasil Energia S.A. | 8,488 | 100,009 | ||||||
Estacio Participacoes S.A. | 2,094 | 22,033 | ||||||
Itau Unibanco Holding S.A. | 5,375 | 72,985 | ||||||
Multiplus S.A. | 524 | 4,864 | ||||||
Porto Seguro S.A. | 1,854 | 27,088 | ||||||
Qualicorp S.A. | 942 | 6,315 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 4,305 | 28,146 | ||||||
|
| |||||||
Total Brazil | 425,379 | |||||||
Canada – 2.8% | ||||||||
AltaGas Ltd.(a) | 1,786 | 33,026 | ||||||
ARC Resources Ltd.(a) | 1,674 | 18,230 | ||||||
Bank of Montreal | 2,777 | 209,624 | ||||||
Bank of Nova Scotia (The) | 4,675 | 287,770 | ||||||
BCE, Inc. | 4,854 | 208,730 | ||||||
Cameco Corp. | 732 | 6,649 | ||||||
Canadian Imperial Bank of Commerce | 2,021 | 178,265 | ||||||
CI Financial Corp.(a) | 2,238 | 47,911 | ||||||
Crescent Point Energy Corp. | 3,620 | 24,597 | ||||||
Enbridge, Inc. | 7,784 | 244,644 | ||||||
Great-West Lifeco, Inc. | 4,143 | 105,660 | ||||||
Keyera Corp. | 1,360 | 35,349 | ||||||
Manulife Financial Corp. | 5,229 | 97,016 | ||||||
National Bank of Canada | 1,318 | 61,992 | ||||||
Nutrien Ltd.(a) | 1,661 | 78,447 | ||||||
Pembina Pipeline Corp. | 2,780 | 86,683 | ||||||
Peyto Exploration & Development Corp.(a) | 2,221 | 18,605 | ||||||
Power Corp. of Canada | 2,254 | 51,400 | ||||||
Power Financial Corp. | 3,041 | 76,093 | ||||||
Rogers Communications, Inc. Class B | 2,212 | 98,723 | ||||||
Royal Bank of Canada | 5,129 | 395,919 | ||||||
Shaw Communications, Inc. Class B | 2,111 | 40,640 | ||||||
TELUS Corp. | 2,594 | 91,024 | ||||||
Toronto-Dominion Bank (The) | 5,836 | 330,944 | ||||||
TransCanada Corp. | 2,869 | 118,565 | ||||||
Vermilion Energy, Inc.(a) | 628 | 20,234 | ||||||
|
| |||||||
Total Canada | 2,966,740 | |||||||
Chile – 0.1% | ||||||||
AES Gener S.A. | 98,921 | 28,047 | ||||||
Banco Santander Chile | 849,099 | 71,578 | ||||||
Enel Chile S.A. | 125,037 | 16,207 | ||||||
Enel Generacion Chile S.A. | 20,331 | 16,588 | ||||||
|
| |||||||
Total Chile | 132,420 | |||||||
China – 3.9% | ||||||||
Agile Group Holdings Ltd. | 6,000 | 12,400 | ||||||
Agricultural Bank of China Ltd. Class H | 179,074 | 101,763 | ||||||
Bank of China Ltd. Class H | 523,366 | 281,412 | ||||||
Bank of Communications Co., Ltd. Class H | 169,125 | 132,528 | ||||||
China Cinda Asset Management Co., Ltd. Class H | 26,000 | 9,442 | ||||||
China Construction Bank Corp. Class H | 861,536 | 884,775 | ||||||
China Everbright Bank Co., Ltd. Class H | 85,000 | 40,830 | ||||||
China Merchants Bank Co., Ltd. Class H | 20,027 | 82,039 |
See Notes to Financial Statements.
64 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2018
Investments | Shares | Value | ||||||
China Minsheng Banking Corp., Ltd. Class H | 32,500 | $ | 31,596 | |||||
China Mobile Ltd. | 79,500 | 728,823 | ||||||
China Petroleum & Chemical Corp. Class H | 264,000 | 231,765 | ||||||
China Power International Development Ltd. | 119,631 | 30,791 | ||||||
China Resources Cement Holdings Ltd. | 10,000 | 8,639 | ||||||
China Resources Power Holdings Co., Ltd. | 29,575 | 53,963 | ||||||
China Vanke Co., Ltd. Class H | 8,600 | 39,229 | ||||||
China Zhongwang Holdings Ltd.(a) | 41,200 | 24,463 | ||||||
CIFI Holdings Group Co., Ltd. | 20,000 | 17,456 | ||||||
CNOOC Ltd. | 213,415 | 314,345 | ||||||
CRRC Corp., Ltd. Class H | 25,000 | 21,310 | ||||||
Dali Foods Group Co., Ltd.(b) | 27,500 | 22,635 | ||||||
Dongfeng Motor Group Co., Ltd. Class H | 14,000 | 16,251 | ||||||
Great Wall Motor Co., Ltd. Class H(a) | 21,500 | 21,559 | ||||||
Guangdong Investment Ltd. | 28,000 | 44,025 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 10,000 | 24,948 | ||||||
Huaneng Power International, Inc. Class H | 128,137 | 86,042 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 498,000 | 427,040 | ||||||
Kingboard Laminates Holdings Ltd. | 2,000 | 2,900 | ||||||
KWG Property Holding Ltd. | 14,500 | 19,769 | ||||||
Lenovo Group Ltd. | 76,000 | 38,831 | ||||||
Logan Property Holdings Co., Ltd.(a) | 8,000 | 12,171 | ||||||
Powerlong Real Estate Holdings Ltd. | 8,000 | 4,210 | ||||||
Shenzhen Investment Ltd. | 66,000 | 28,004 | ||||||
Shimao Property Holdings Ltd. | 24,500 | 69,302 | ||||||
Sino-Ocean Group Holding Ltd. | 53,775 | 38,987 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 40,000 | 24,311 | ||||||
Sun Art Retail Group Ltd. | 40,000 | 46,532 | ||||||
Weichai Power Co., Ltd. Class H | 9,000 | 10,091 | ||||||
Xinyi Glass Holdings Ltd.* | 16,000 | 24,097 | ||||||
Xinyi Solar Holdings Ltd. | 50,000 | 20,195 | ||||||
Yuexiu Property Co., Ltd. | 40,000 | 9,429 | ||||||
Yuzhou Properties Co., Ltd. | 17,000 | 11,589 | ||||||
|
| |||||||
Total China | 4,050,487 | |||||||
Czech Republic – 0.1% | ||||||||
CEZ AS | 3,610 | 89,897 | ||||||
Komercni Banka AS | 770 | 35,104 | ||||||
O2 Czech Republic AS | 1,898 | 26,207 | ||||||
|
| |||||||
Total Czech Republic | 151,208 | |||||||
Denmark – 0.2% | ||||||||
Danske Bank A/S | 2,478 | 92,155 | ||||||
ISS A/S | 820 | 30,251 | ||||||
Pandora A/S | 702 | 75,263 | ||||||
Tryg A/S | 1,802 | 41,773 | ||||||
|
| |||||||
Total Denmark | 239,442 | |||||||
Finland – 0.8% | ||||||||
Elisa Oyj | 1,989 | 89,946 | ||||||
Fortum Oyj(a) | 5,685 | 122,005 | ||||||
Kesko Oyj Class B | 890 | 50,963 | ||||||
Metso Oyj | 1,019 | 32,095 | ||||||
Neste Oyj(a) | 759 | 52,834 | ||||||
Nokia Oyj | 25,168 | 138,824 | ||||||
Nokian Renkaat Oyj(a) | 855 | 38,801 | ||||||
Sampo Oyj Class A | 2,844 | 158,306 | ||||||
Stora Enso Oyj Class R(a) | 3,543 | 65,033 | ||||||
UPM-Kymmene Oyj | 3,585 | 132,711 | ||||||
|
| |||||||
Total Finland | 881,518 | |||||||
France – 3.8% | ||||||||
Amundi S.A.(b) | 447 | 35,876 | ||||||
AXA S.A. | 9,562 | 254,012 | ||||||
BNP Paribas S.A. | 4,111 | 304,215 | ||||||
Bouygues S.A. | 1,894 | 94,827 | ||||||
Carrefour S.A.(a) | 2,856 | 59,185 | ||||||
Casino Guichard Perrachon S.A. | 1,024 | 50,135 | ||||||
CNP Assurances | 3,017 | 76,064 | ||||||
Credit Agricole S.A. | 9,133 | 148,322 | ||||||
Electricite de France S.A. | 21,331 | 308,511 | ||||||
Engie S.A. | 16,723 | 278,783 | ||||||
Eutelsat Communications S.A. | 1,744 | 34,532 | ||||||
ICADE | 593 | 57,542 | ||||||
Lagardere SCA | 1,227 | 35,010 | ||||||
Metropole Television S.A. | 1,736 | 44,665 | ||||||
Natixis S.A. | 14,056 | 115,095 | ||||||
Orange S.A. | 15,216 | 257,964 | ||||||
Renault S.A. | 564 | 68,323 | ||||||
Sanofi | 4,971 | 399,401 | ||||||
SCOR SE | 1,467 | 60,007 | ||||||
Societe Generale S.A. | 3,092 | 167,927 | ||||||
Suez | 2,691 | 38,953 | ||||||
TOTAL S.A. | 15,563 | 882,936 | ||||||
Unibail-Rodamco SE | 568 | 129,687 | ||||||
Veolia Environnement S.A. | 1,978 | 46,816 | ||||||
|
| |||||||
Total France | 3,948,788 | |||||||
Germany – 2.7% | ||||||||
Allianz SE Registered Shares | 1,612 | 363,594 | ||||||
Axel Springer SE | 394 | 32,950 | ||||||
BASF SE | 3,846 | 390,083 | ||||||
Bayerische Motoren Werke AG | 2,701 | 292,819 | �� | |||||
CECONOMY AG | 2,462 | 28,311 | ||||||
Daimler AG Registered Shares | 5,930 | 502,999 | ||||||
Deutsche Telekom AG Registered Shares | 17,258 | 281,228 | ||||||
Evonik Industries AG | 2,046 | 72,066 | ||||||
Freenet AG | 1,405 | 42,697 | ||||||
Hugo Boss AG | 493 | 42,903 | ||||||
Innogy SE(b) | 1,533 | 72,530 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 861 | 199,974 | ||||||
ProSiebenSat.1 Media SE | 1,167 | 40,445 | ||||||
Siemens AG Registered Shares | 3,118 | 396,965 | ||||||
Telefonica Deutschland Holding AG | 21,429 | 100,569 | ||||||
TUI AG | 136 | 2,911 | ||||||
|
| |||||||
Total Germany | 2,863,044 | |||||||
Hong Kong – 0.7% | ||||||||
BOC Hong Kong Holdings Ltd. | 32,000 | 155,753 | ||||||
CLP Holdings Ltd. | 8,500 | 86,535 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 65 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2018
Investments | Shares | Value | ||||||
Hang Lung Properties Ltd. | 13,472 | $ | 31,378 | |||||
Hang Seng Bank Ltd. | 7,500 | 173,541 | ||||||
Hopewell Holdings Ltd. | 8,500 | 32,437 | ||||||
Hysan Development Co., Ltd. | 6,000 | 31,727 | ||||||
New World Development Co., Ltd. | 48,829 | 68,935 | ||||||
PCCW Ltd. | 14,000 | 8,099 | ||||||
Power Assets Holdings Ltd. | 7,000 | 62,389 | ||||||
Sino Land Co., Ltd. | 26,000 | 42,073 | ||||||
SJM Holdings Ltd. | 48,000 | 41,711 | ||||||
Wharf Holdings Ltd. (The) | 6,519 | 22,385 | ||||||
|
| |||||||
Total Hong Kong | 756,963 | |||||||
Indonesia – 0.1% | ||||||||
Gudang Garam Tbk PT | 5,000 | 26,321 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 14,000 | 16,270 | ||||||
Matahari Department Store Tbk PT | 32,900 | 26,167 | ||||||
Perusahaan Gas Negara Persero Tbk | 221,900 | 37,071 | ||||||
|
| |||||||
Total Indonesia | 105,829 | |||||||
Israel – 0.1% | ||||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 29,105 | 37,139 | ||||||
Israel Chemicals Ltd. | 6,724 | 28,345 | ||||||
|
| |||||||
Total Israel | 65,484 | |||||||
Italy – 1.6% | ||||||||
ACEA SpA | 1,614 | 27,353 | ||||||
Assicurazioni Generali SpA | 6,681 | 128,385 | ||||||
Atlantia SpA | 3,532 | 109,247 | ||||||
Azimut Holding SpA | 819 | 17,571 | ||||||
Banca Generali SpA | 593 | 19,108 | ||||||
Banca Mediolanum SpA | 4,236 | 36,884 | ||||||
Enel SpA | 40,402 | 246,951 | ||||||
Eni SpA | 22,670 | 398,360 | ||||||
Hera SpA | 15,514 | 56,744 | ||||||
Intesa Sanpaolo SpA | 78,487 | 285,093 | ||||||
Mediobanca Banca di Credito Finanziario SpA | 2,003 | 23,521 | ||||||
Poste Italiane SpA(b) | 6,171 | 56,313 | ||||||
Snam SpA | 23,718 | 108,890 | ||||||
Telecom Italia SpA RSP | 32,227 | 26,809 | ||||||
Terna Rete Elettrica Nazionale SpA | 12,080 | 70,554 | ||||||
UnipolSai Assicurazioni SpA | 16,135 | 38,358 | ||||||
|
| |||||||
Total Italy | 1,650,141 | |||||||
Japan – 3.4% | ||||||||
Amada Holdings Co., Ltd. | 2,900 | 35,231 | ||||||
Aozora Bank Ltd. | 833 | 33,171 | ||||||
Canon, Inc. | 7,300 | 264,475 | ||||||
Chugoku Electric Power Co., Inc. (The)(a) | 3,000 | 36,164 | ||||||
Daiwa Securities Group, Inc.(a) | 11,601 | 74,035 | ||||||
ITOCHU Corp. | 9,342 | 181,526 | ||||||
Japan Airlines Co., Ltd. | 1,700 | 68,448 | ||||||
Japan Post Holdings Co., Ltd. | 13,900 | 167,427 | ||||||
Japan Tobacco, Inc. | 6,900 | 198,922 | ||||||
Konica Minolta, Inc.(a) | 3,400 | 29,157 | ||||||
Marubeni Corp. | 7,269 | 52,622 | ||||||
Mitsubishi Corp. | 4,000 | 107,645 | ||||||
Mitsui & Co., Ltd. | 7,258 | 124,379 | ||||||
Mizuho Financial Group, Inc.(a) | 77,700 | 139,838 | ||||||
MS&AD Insurance Group Holdings, Inc. | 1,400 | 44,165 | ||||||
Nissan Motor Co., Ltd.(a) | 21,800 | 226,302 | ||||||
Nomura Holdings, Inc. | 2,500 | 14,464 | ||||||
NTT DOCOMO, Inc.(a) | 10,400 | 265,647 | ||||||
Resona Holdings, Inc. | 10,400 | 54,958 | ||||||
Sankyo Co., Ltd.(a) | 800 | 28,209 | ||||||
Showa Shell Sekiyu K.K. | 1,200 | 16,260 | ||||||
Sony Financial Holdings, Inc.(a) | 1,100 | 20,024 | ||||||
Subaru Corp. | 3,500 | 114,758 | ||||||
Sumitomo Corp. | 6,186 | 104,176 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 4,700 | 197,015 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 900 | 36,449 | ||||||
Takeda Pharmaceutical Co., Ltd. | 2,900 | 141,332 | ||||||
Tokio Marine Holdings, Inc. | 700 | 31,166 | ||||||
Toyota Motor Corp. | 11,400 | 731,594 | ||||||
|
| |||||||
Total Japan | 3,539,559 | |||||||
Malaysia – 0.3% | ||||||||
AMMB Holdings Bhd | 37,100 | 37,311 | ||||||
Astro Malaysia Holdings Bhd | 25,600 | 13,237 | ||||||
British American Tobacco Malaysia Bhd | 1,700 | 11,612 | ||||||
DiGi.Com Bhd | 76,200 | 91,408 | ||||||
Malayan Banking Bhd | 39,000 | 106,877 | ||||||
Maxis Bhd | 34,400 | 51,048 | ||||||
MISC Bhd | 9,400 | 17,133 | ||||||
YTL Power International Bhd | 39,490 | 10,414 | ||||||
|
| |||||||
Total Malaysia | 339,040 | |||||||
Mexico – 0.2% | ||||||||
Alpek S.A.B. de C.V. | 9,106 | 12,601 | ||||||
Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Class B | 6,488 | 9,295 | ||||||
Concentradora Fibra Danhos S.A. de C.V. | 19,780 | 32,736 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B | 3,350 | 32,967 | ||||||
Grupo Financiero Banorte S.A.B. de C.V. Class O | 15,280 | 93,027 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 8,346 | 15,564 | ||||||
Nemak S.A.B. de C.V.(b) | 11,826 | 9,679 | ||||||
|
| |||||||
Total Mexico | 205,869 | |||||||
Netherlands – 0.7% | ||||||||
ABN AMRO Group N.V. CVA(b) | 2,503 | 75,326 | ||||||
Aegon N.V. | 12,368 | 83,294 | ||||||
Boskalis Westminster | 727 | 21,280 | ||||||
ING Groep N.V. | 14,306 | 241,041 | ||||||
Koninklijke Ahold Delhaize N.V. | 4,483 | 106,089 | ||||||
Koninklijke KPN N.V. | 6,566 | 19,679 | ||||||
NN Group N.V. | 1,672 | 74,110 | ||||||
Randstad Holding N.V.(a) | 891 | 58,538 | ||||||
Steinhoff International Holdings N.V.* | 15,851 | 4,367 | ||||||
|
| |||||||
Total Netherlands | 683,724 | |||||||
New Zealand – 0.1% | ||||||||
Air New Zealand Ltd. | 2,190 | 5,103 | ||||||
Auckland International Airport Ltd. | 2,489 | 10,989 |
See Notes to Financial Statements.
66 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2018
Investments | Shares | Value | ||||||
Mercury NZ Ltd. | 13,557 | $ | 31,492 | |||||
Meridian Energy Ltd. | 16,275 | 33,520 | ||||||
Spark New Zealand Ltd. | 25,448 | 61,316 | ||||||
Z Energy Ltd. | 1,123 | 5,671 | ||||||
|
| |||||||
Total New Zealand | 148,091 | |||||||
Norway – 0.9% | ||||||||
Aker BP ASA | 1,015 | 27,434 | ||||||
DNB ASA | 4,214 | 81,666 | ||||||
Gjensidige Forsikring ASA | 2,370 | 43,349 | ||||||
Marine Harvest ASA | 3,548 | 71,042 | ||||||
Salmar ASA | 526 | 21,520 | ||||||
Statoil ASA | 18,225 | 428,642 | ||||||
Telenor ASA | 9,502 | 214,223 | ||||||
|
| |||||||
Total Norway | 887,876 | |||||||
Philippines – 0.1% | ||||||||
Aboitiz Power Corp. | 39,600 | 29,371 | ||||||
DMCI Holdings, Inc. | 67,000 | 15,614 | ||||||
Globe Telecom, Inc. | 470 | 14,610 | ||||||
Manila Electric Co. | 8,000 | 48,757 | ||||||
PLDT, Inc. | 1,205 | 33,949 | ||||||
|
| |||||||
Total Philippines | 142,301 | |||||||
Poland – 0.1% | ||||||||
Bank Handlowy w Warszawie S.A. | 947 | 20,901 | ||||||
Bank Pekao S.A. | 1,120 | 40,317 | ||||||
Powszechny Zaklad Ubezpieczen S.A. | 2,943 | 35,871 | ||||||
|
| |||||||
Total Poland | 97,089 | |||||||
Portugal – 0.2% | ||||||||
EDP – Energias de Portugal S.A. | 24,067 | 91,401 | ||||||
Galp Energia, SGPS, S.A. | 3,329 | 62,662 | ||||||
Jeronimo Martins, SGPS, S.A. | 1,554 | 28,295 | ||||||
Navigator Co. S.A. (The) | 9,219 | 54,286 | ||||||
|
| |||||||
Total Portugal | 236,644 | |||||||
Russia – 1.5% | ||||||||
Gazprom PJSC ADR | 77,588 | 377,543 | ||||||
Lukoil PJSC ADR | 5,355 | 368,959 | ||||||
MegaFon PJSC GDR Reg S | 3,927 | 38,838 | ||||||
MMC Norilsk Nickel PJSC ADR | 10,949 | 202,940 | ||||||
Mobile TeleSystems PJSC ADR | 10,721 | 122,112 | ||||||
Novolipetsk Steel PJSC GDR | 2,465 | 61,379 | ||||||
PhosAgro PJSC GDR Reg S | 3,382 | 49,174 | ||||||
RusHydro PJSC ADR | 14,647 | 18,426 | ||||||
Severstal PJSC GDR Reg S | 6,373 | 96,169 | ||||||
Sistema PJSC FC GDR Reg S | 1,840 | 7,434 | ||||||
Tatneft PJSC ADR | 2,637 | 166,447 | ||||||
|
| |||||||
Total Russia | 1,509,421 | |||||||
Singapore – 0.8% | ||||||||
ComfortDelGro Corp., Ltd. | 9,900 | 15,477 | ||||||
DBS Group Holdings Ltd. | 8,300 | 174,064 | ||||||
Frasers Property Ltd. | 34,300 | 52,315 | ||||||
Hutchison Port Holdings Trust | 85,400 | 25,193 | ||||||
Keppel Corp., Ltd. | 8,900 | 52,736 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 14,503 | 141,790 | ||||||
Singapore Telecommunications Ltd. | 93,200 | 239,521 | ||||||
StarHub Ltd.(a) | 12,600 | 22,100 | ||||||
United Overseas Bank Ltd. | 4,813 | 100,936 | ||||||
|
| |||||||
Total Singapore | 824,132 | |||||||
South Africa – 1.4% | ||||||||
Assore Ltd. | 666 | 16,413 | ||||||
AVI Ltd. | 3,751 | 35,083 | ||||||
Barclays Africa Group Ltd. | 3,685 | 58,997 | ||||||
Exxaro Resources Ltd. | 1,530 | 14,074 | ||||||
FirstRand Ltd.(a) | 23,320 | 131,668 | ||||||
Foschini Group Ltd. (The) | 2,908 | 54,914 | ||||||
Imperial Holdings Ltd.(a) | 2,160 | 42,521 | ||||||
Kumba Iron Ore Ltd.(a) | 505 | 12,064 | ||||||
Life Healthcare Group Holdings Ltd. | 10,983 | 25,593 | ||||||
Mr. Price Group Ltd. | 1,448 | 34,829 | ||||||
MTN Group Ltd.(a) | 19,094 | 191,798 | ||||||
Nedbank Group Ltd.(a) | 3,294 | 79,381 | ||||||
Netcare Ltd. | 12,880 | 30,437 | ||||||
Resilient REIT Ltd. | 993 | 4,190 | ||||||
RMB Holdings Ltd. | 7,849 | 51,107 | ||||||
Sanlam Ltd.(a) | 12,696 | 91,399 | ||||||
Sasol Ltd. | 3,454 | 117,545 | ||||||
SPAR Group Ltd. (The) | 2,594 | 44,346 | ||||||
Standard Bank Group Ltd.(a) | 7,951 | 146,743 | ||||||
Telkom S.A. SOC Ltd. | 4,953 | 22,130 | ||||||
Truworths International Ltd. | 5,204 | 47,227 | ||||||
Vodacom Group Ltd. | 8,291 | 107,109 | ||||||
Woolworths Holdings Ltd. | 10,303 | 52,173 | ||||||
|
| |||||||
Total South Africa | 1,411,741 | |||||||
South Korea – 0.4% | ||||||||
Coway Co., Ltd. | 487 | 41,029 | ||||||
Doosan Corp. | 35 | 3,497 | ||||||
Hyosung Corp. | 96 | 11,033 | ||||||
Kia Motors Corp. | 1,536 | 44,672 | ||||||
Korea Electric Power Corp. | 3,809 | 117,390 | ||||||
KT&G Corp. | 892 | 83,685 | ||||||
S-Oil Corp. | 284 | 31,973 | ||||||
SK Telecom Co., Ltd. | 416 | 91,130 | ||||||
|
| |||||||
Total South Korea | 424,409 | |||||||
Spain – 2.0% | ||||||||
Abertis Infraestructuras S.A. | 6,856 | 153,628 | ||||||
Acerinox S.A. | 2,868 | 40,016 | ||||||
ACS Actividades de Construccion y Servicios S.A. | 1,994 | 77,616 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A. | 1,121 | 10,678 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 21,182 | 167,480 | ||||||
Banco Santander S.A. | 44,256 | 288,198 | ||||||
CaixaBank S.A. | 15,185 | 72,311 | ||||||
Enagas S.A. | 1,921 | 52,519 | ||||||
Endesa S.A. | 5,874 | 129,204 | ||||||
Ferrovial S.A. | 2,010 | 41,937 | ||||||
Gas Natural SDG S.A. | 5,735 | 136,761 | ||||||
Iberdrola S.A. | 39,101 | 287,184 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 67 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2018
Investments | Shares | Value | ||||||
Mapfre S.A. | 14,759 | $ | 49,027 | |||||
Mediaset Espana Comunicacion S.A. | 3,266 | 33,202 | ||||||
Red Electrica Corp. S.A. | 3,682 | 75,759 | ||||||
Repsol S.A. | 8,755 | 155,211 | ||||||
Telefonica S.A. | 31,061 | 306,673 | ||||||
|
| |||||||
Total Spain | 2,077,404 | |||||||
Sweden – 1.0% | ||||||||
Axfood AB | 856 | 14,591 | ||||||
Hennes & Mauritz AB Class B(a) | 6,247 | 93,375 | ||||||
ICA Gruppen AB | 926 | 32,662 | ||||||
Nordea Bank AB | 21,482 | 228,548 | ||||||
Skandinaviska Enskilda Banken AB Class A | 12,981 | 135,533 | ||||||
Skanska AB Class B | 3,781 | 77,044 | ||||||
SKF AB Class B(a) | 1,883 | 38,335 | ||||||
Svenska Cellulosa AB SCA Class B | 1,465 | 15,555 | ||||||
Svenska Handelsbanken AB Class A(a) | 8,255 | 102,710 | ||||||
Swedbank AB Class A | 6,415 | 143,240 | ||||||
Telia Co. AB | 28,693 | 134,338 | ||||||
|
| |||||||
Total Sweden | 1,015,931 | |||||||
Switzerland – 2.7% | ||||||||
ABB Ltd. Registered Shares | 9,021 | 214,032 | ||||||
Adecco Group AG Registered Shares | 665 | 47,222 | ||||||
Baloise Holding AG Registered Shares | 538 | 82,082 | ||||||
Credit Suisse Group AG Registered Shares* | 8,164 | 136,323 | ||||||
Kuehne + Nagel International AG Registered Shares | 790 | 123,994 | ||||||
LafargeHolcim Ltd. Registered Shares* | 1,568 | 85,638 | ||||||
Novartis AG Registered Shares | 9,375 | 756,383 | ||||||
Roche Holding AG Genusschein | 2,227 | 509,540 | ||||||
Sulzer AG Registered Shares | 386 | 50,588 | ||||||
Swiss Re AG | 1,555 | 157,968 | ||||||
Swisscom AG Registered Shares(a) | 341 | 168,648 | ||||||
UBS Group AG Registered Shares* | 12,122 | 212,604 | ||||||
Zurich Insurance Group AG | 864 | 282,767 | ||||||
|
| |||||||
Total Switzerland | 2,827,789 | |||||||
Taiwan – 2.6% | ||||||||
Advanced Semiconductor Engineering, Inc. | 48,173 | 69,392 | ||||||
Asia Cement Corp. | 23,514 | 23,025 | ||||||
Asustek Computer, Inc. | 8,486 | 80,328 | ||||||
AU Optronics Corp. | 84,000 | 39,181 | ||||||
Catcher Technology Co., Ltd. | 5,000 | 61,049 | ||||||
Cathay Financial Holding Co., Ltd. | 56,000 | 100,833 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 17,197 | 27,750 | ||||||
China Development Financial Holding Corp. | 152,000 | 53,696 | ||||||
China Steel Corp. | 63,000 | 50,669 | ||||||
Chunghwa Telecom Co., Ltd. | 35,000 | 135,645 | ||||||
Compal Electronics, Inc. | 32,000 | 21,895 | ||||||
CTBC Financial Holding Co., Ltd. | 105,480 | 76,694 | ||||||
Far Eastern New Century Corp. | 28,994 | 26,302 | ||||||
Far EasTone Telecommunications Co., Ltd. | 10,000 | 26,820 | ||||||
Feng TAY Enterprise Co., Ltd. | 4,000 | 17,903 | ||||||
First Financial Holding Co., Ltd. | 85,391 | 59,452 | ||||||
Formosa Chemicals & Fibre Corp. | 42,000 | 156,292 | ||||||
Formosa Petrochemical Corp. | 35,000 | 142,247 | ||||||
Formosa Plastics Corp. | 41,000 | 146,243 | ||||||
Foxconn Technology Co., Ltd. | 6,000 | 16,380 | ||||||
Fubon Financial Holding Co., Ltd. | 61,195 | 105,360 | ||||||
Hon Hai Precision Industry Co., Ltd. | 127,500 | 387,000 | ||||||
Hotai Motor Co., Ltd. | 3,000 | 30,353 | ||||||
Inventec Corp. | 39,000 | 30,965 | ||||||
Lite-On Technology Corp. | 32,000 | 45,437 | ||||||
Mega Financial Holding Co., Ltd. | 92,941 | 80,328 | ||||||
Nan Ya Plastics Corp. | 56,000 | 156,724 | ||||||
Novatek Microelectronics Corp. | 8,000 | 36,355 | ||||||
Pegatron Corp. | 27,680 | 69,302 | ||||||
Pou Chen Corp. | 35,000 | 47,296 | ||||||
Powertech Technology, Inc. | 7,000 | 22,015 | ||||||
Quanta Computer, Inc. | 28,210 | 57,180 | ||||||
Siliconware Precision Industries Co., Ltd. | 18,000 | 31,361 | ||||||
SinoPac Financial Holdings Co., Ltd. | 96,666 | 34,314 | ||||||
Taiwan Cement Corp. | 33,000 | 41,367 | ||||||
Taiwan Mobile Co., Ltd. | 16,800 | 63,381 | ||||||
United Microelectronics Corp. | 92,000 | 48,908 | ||||||
Wistron Corp. | 31,000 | 26,474 | ||||||
WPG Holdings Ltd. | 15,000 | 19,704 | ||||||
Yuanta Financial Holding Co., Ltd. | 107,000 | 48,992 | ||||||
|
| |||||||
Total Taiwan | 2,714,612 | |||||||
Thailand – 0.5% | ||||||||
Advanced Info Service PCL NVDR | 8,900 | 59,201 | ||||||
Glow Energy PCL NVDR | 14,400 | 39,603 | ||||||
Intouch Holdings PCL NVDR | 30,271 | 56,147 | ||||||
Krung Thai Bank PCL NVDR | 35,800 | 21,638 | ||||||
Land & Houses PCL NVDR | 149,100 | 50,066 | ||||||
PTT Exploration & Production PCL NVDR | 17,800 | 65,177 | ||||||
PTT Global Chemical PCL NVDR | 24,136 | 72,941 | ||||||
PTT PCL NVDR | 2,700 | 47,662 | ||||||
Siam Commercial Bank PCL (The) NVDR | 18,800 | 85,974 | ||||||
|
| |||||||
Total Thailand | 498,409 | |||||||
Turkey – 0.2% | ||||||||
Eregli Demir ve Celik Fabrikalari TAS | 16,365 | 43,294 | ||||||
Ford Otomotiv Sanayi AS | 3,790 | 59,604 | ||||||
Tupras Turkiye Petrol Rafinerileri AS | 2,337 | 63,950 | ||||||
Turkcell Iletisim Hizmetleri AS | 6,783 | 25,941 | ||||||
|
| |||||||
Total Turkey | 192,789 | |||||||
United Kingdom – 7.6% | ||||||||
Admiral Group PLC | 1,362 | 35,232 | ||||||
AstraZeneca PLC | 5,998 | 411,907 | ||||||
Aviva PLC | 16,348 | 113,725 | ||||||
BAE Systems PLC | 19,190 | 156,511 | ||||||
Barratt Developments PLC | 5,504 | 40,952 | ||||||
Berkeley Group Holdings PLC | 1,177 | 62,560 | ||||||
BHP Billiton PLC | 9,566 | 188,352 | ||||||
BP PLC | 149,500 | 1,005,076 | ||||||
British American Tobacco PLC | 7,999 | 463,539 | ||||||
BT Group PLC | 56,944 | 181,729 | ||||||
Centrica PLC | 34,523 | 68,866 |
See Notes to Financial Statements.
68 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2018
Investments | Shares | Value | ||||||
Direct Line Insurance Group PLC | 4,965 | $ | 26,557 | |||||
Dixons Carphone PLC | 9,316 | 24,379 | ||||||
easyJet PLC | 2,688 | 60,501 | ||||||
Evraz PLC | 10,952 | 66,754 | ||||||
G4S PLC | 2,856 | 9,940 | ||||||
GlaxoSmithKline PLC | 31,571 | 617,372 | ||||||
HSBC Holdings PLC | 87,799 | 819,536 | ||||||
Imperial Brands PLC | 5,776 | 196,568 | ||||||
Inmarsat PLC | 4,497 | 22,843 | ||||||
Intu Properties PLC(a) | 5,890 | 17,161 | ||||||
ITV PLC | 44,216 | 89,411 | ||||||
J Sainsbury PLC | 16,733 | 56,054 | ||||||
Kingfisher PLC | 5,800 | 23,799 | ||||||
Legal & General Group PLC | 38,571 | 139,489 | ||||||
Lloyds Banking Group PLC | 254,918 | 231,224 | ||||||
Man Group PLC | 16,936 | 40,769 | ||||||
Marks & Spencer Group PLC | 11,728 | 44,453 | ||||||
National Grid PLC | 22,506 | 253,266 | ||||||
NEX Group PLC | 4,276 | 58,844 | ||||||
Next PLC | 575 | 38,387 | ||||||
Old Mutual PLC | 23,894 | 80,210 | ||||||
Pearson PLC | 5,805 | 60,993 | ||||||
Pennon Group PLC | 2,699 | 24,360 | ||||||
Persimmon PLC | 2,181 | 77,406 | ||||||
Rio Tinto PLC | 7,248 | 367,148 | ||||||
Royal Dutch Shell PLC Class A | 26,819 | 840,281 | ||||||
Royal Mail PLC | 7,483 | 56,769 | ||||||
Severn Trent PLC | 1,841 | 47,622 | ||||||
SSE PLC | 7,688 | 137,613 | ||||||
Standard Life Aberdeen PLC | 14,066 | 70,975 | ||||||
Tate & Lyle PLC | 2,250 | 17,189 | ||||||
Taylor Wimpey PLC | 16,852 | 43,639 | ||||||
United Utilities Group PLC | 5,751 | 57,715 | ||||||
Vedanta Resources PLC | 1,480 | 14,683 | ||||||
Vodafone Group PLC | 172,155 | 469,039 | ||||||
William Hill PLC | 2,687 | 12,450 | ||||||
|
| |||||||
Total United Kingdom | 7,943,848 | |||||||
United States – 50.8% | ||||||||
AbbVie, Inc. | 11,096 | 1,050,236 | ||||||
Acadia Realty Trust | 618 | 15,203 | ||||||
AES Corp. | 6,606 | 75,110 | ||||||
Alexander’s, Inc. | 31 | 11,818 | ||||||
Alexandria Real Estate Equities, Inc. | 375 | 46,834 | ||||||
Alliant Energy Corp. | 1,736 | 70,933 | ||||||
Altria Group, Inc. | 17,986 | 1,120,888 | ||||||
Ameren Corp. | 2,463 | 139,480 | ||||||
American Campus Communities, Inc. | 916 | 35,376 | ||||||
American Eagle Outfitters, Inc. | 2,073 | 41,315 | ||||||
American Electric Power Co., Inc. | 4,268 | 292,742 | ||||||
AmTrust Financial Services, Inc. | 1,113 | 13,701 | ||||||
Apartment Investment & Management Co. Class A | 671 | 27,343 | ||||||
Apple Hospitality REIT, Inc. | 1,852 | 32,540 | ||||||
Archer-Daniels-Midland Co. | 4,274 | 185,363 | ||||||
AT&T, Inc. | 81,810 | 2,916,526 | ||||||
AvalonBay Communities, Inc. | 689 | 113,313 | ||||||
Avangrid, Inc. | 2,880 | 147,226 | ||||||
B&G Foods, Inc.(a) | 1,238 | 29,341 | ||||||
BB&T Corp. | 2,934 | 152,685 | ||||||
BGC Partners, Inc. Class A | 1,361 | 18,305 | ||||||
Brandywine Realty Trust | 3,317 | 52,674 | ||||||
Brixmor Property Group, Inc. | 3,376 | 51,484 | ||||||
CA, Inc. | 3,085 | 104,581 | ||||||
Camden Property Trust | 892 | 75,089 | ||||||
Campbell Soup Co. | 2,519 | 109,098 | ||||||
Cardinal Health, Inc. | 1,854 | 116,209 | ||||||
CenterPoint Energy, Inc. | 5,233 | 143,384 | ||||||
CenturyLink, Inc. | 14,021 | 230,365 | ||||||
CF Industries Holdings, Inc. | 2,285 | 86,213 | ||||||
Chevron Corp. | 17,094 | 1,949,400 | ||||||
Cinemark Holdings, Inc. | 936 | 35,259 | ||||||
Cisco Systems, Inc. | 39,998 | 1,715,514 | ||||||
CME Group, Inc. | 3,157 | 510,613 | ||||||
CMS Energy Corp. | 1,721 | 77,944 | ||||||
CNA Financial Corp. | 2,595 | 128,063 | ||||||
Coca-Cola Co. (The) | 33,617 | 1,459,986 | ||||||
Colony NorthStar, Inc. Class A | 6,321 | 35,524 | ||||||
Columbia Property Trust, Inc. | 1,510 | 30,895 | ||||||
Compass Minerals International, Inc.(a) | 560 | 33,768 | ||||||
Consolidated Edison, Inc. | 2,688 | 209,503 | ||||||
CoreCivic, Inc. | 1,461 | 28,519 | ||||||
CoreSite Realty Corp. | 86 | 8,622 | ||||||
Coty, Inc. Class A | 5,095 | 93,238 | ||||||
Cracker Barrel Old Country Store, Inc.(a) | 229 | 36,457 | ||||||
Crown Castle International Corp. | 2,815 | 308,552 | ||||||
CubeSmart | 1,405 | 39,621 | ||||||
CVR Energy, Inc.(a) | 1,383 | 41,794 | ||||||
Cypress Semiconductor Corp. | 3,921 | 66,500 | ||||||
Darden Restaurants, Inc. | 1,071 | 91,303 | ||||||
DDR Corp. | 6,967 | 51,068 | ||||||
DiamondRock Hospitality Co. | 1,026 | 10,711 | ||||||
Dominion Energy, Inc. | 4,960 | 334,453 | ||||||
Domtar Corp. | 592 | 25,184 | ||||||
DTE Energy Co. | 1,339 | 139,792 | ||||||
Duke Energy Corp. | 7,014 | 543,375 | ||||||
Edison International | 1,611 | 102,556 | ||||||
Education Realty Trust, Inc. | 616 | 20,174 | ||||||
Emerson Electric Co. | 5,780 | 394,774 | ||||||
Entergy Corp. | 2,329 | 183,479 | ||||||
EPR Properties | 1,202 | 66,591 | ||||||
Equity Residential | 1,752 | 107,958 | ||||||
Eversource Energy | 2,260 | 133,159 | ||||||
Exelon Corp. | 8,262 | 322,301 | ||||||
Extended Stay America, Inc. | 2,618 | 51,758 | ||||||
Extra Space Storage, Inc. | 849 | 74,169 | ||||||
Exxon Mobil Corp. | 37,326 | 2,784,893 | ||||||
Fastenal Co. | 1,576 | 86,034 | ||||||
Federal Realty Investment Trust | 370 | 42,961 | ||||||
FirstEnergy Corp. | 4,561 | 155,120 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 69 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2018
Investments | Shares | Value | ||||||
Flowers Foods, Inc. | 1,922 | $ | 42,015 | |||||
Foot Locker, Inc. | 1,383 | 62,982 | ||||||
Ford Motor Co. | 46,423 | 514,367 | ||||||
GameStop Corp. Class A(a) | 1,931 | 24,369 | ||||||
Gaming and Leisure Properties, Inc. | 2,045 | 68,446 | ||||||
Gap, Inc. (The) | 3,198 | 99,778 | ||||||
General Electric Co. | 89,827 | 1,210,868 | ||||||
General Mills, Inc. | 5,415 | 244,000 | ||||||
General Motors Co. | 13,283 | 482,704 | ||||||
Genuine Parts Co. | 929 | 83,461 | ||||||
GEO Group, Inc. (The) | 1,486 | 30,418 | ||||||
GGP, Inc. | 6,511 | 133,215 | ||||||
Gramercy Property Trust | 688 | 14,950 | ||||||
Great Plains Energy, Inc. | 2,231 | 70,923 | ||||||
H&R Block, Inc. | 1,846 | 46,907 | ||||||
Harley-Davidson, Inc.(a) | 1,088 | 46,653 | ||||||
Hawaiian Electric Industries, Inc. | 1,485 | 51,054 | ||||||
HCP, Inc. | 5,747 | 133,503 | ||||||
Healthcare Realty Trust, Inc. | 568 | 15,739 | ||||||
Healthcare Trust of America, Inc. Class A | 960 | 25,392 | ||||||
Helmerich & Payne, Inc. | 1,559 | 103,767 | ||||||
Highwoods Properties, Inc. | 1,129 | 49,473 | ||||||
HollyFrontier Corp. | 2,196 | 107,297 | ||||||
Hospitality Properties Trust | 2,366 | 59,954 | ||||||
Host Hotels & Resorts, Inc. | 8,008 | 149,269 | ||||||
HP, Inc. | 11,752 | 257,604 | ||||||
Hudson Pacific Properties, Inc. | 388 | 12,622 | ||||||
Intel Corp. | 30,690 | 1,598,335 | ||||||
International Business Machines Corp. | 8,974 | 1,376,881 | ||||||
International Paper Co. | 3,347 | 178,830 | ||||||
Interpublic Group of Cos., Inc. (The) | 2,742 | 63,148 | ||||||
Iron Mountain, Inc. | 3,017 | 99,139 | ||||||
J.M. Smucker Co. (The) | 893 | 110,741 | ||||||
Kellogg Co. | 3,014 | 195,940 | ||||||
Kennedy-Wilson Holdings, Inc. | 726 | 12,632 | ||||||
Kimberly-Clark Corp. | 2,598 | 286,118 | ||||||
Kimco Realty Corp. | 4,749 | 68,386 | ||||||
Kinder Morgan, Inc. | 14,389 | 216,698 | ||||||
Kohl’s Corp. | 2,090 | 136,916 | ||||||
Kraft Heinz Co. (The) | 9,193 | 572,632 | ||||||
L Brands, Inc. | 3,985 | 152,267 | ||||||
Lamar Advertising Co. Class A | 1,151 | 73,273 | ||||||
Las Vegas Sands Corp. | 9,695 | 697,070 | ||||||
LaSalle Hotel Properties | 1,273 | 36,930 | ||||||
Leggett & Platt, Inc. | 974 | 43,207 | ||||||
Lexington Realty Trust | 2,055 | 16,173 | ||||||
Liberty Property Trust | 2,121 | 84,267 | ||||||
Life Storage, Inc. | 435 | 36,331 | ||||||
Macerich Co. (The) | 1,376 | 77,084 | ||||||
Macquarie Infrastructure Corp. | 1,617 | 59,716 | ||||||
Macy’s, Inc. | 5,522 | 164,224 | ||||||
Marathon Petroleum Corp. | 4,200 | 307,062 | ||||||
Maxim Integrated Products, Inc. | 1,917 | 115,442 | ||||||
MDU Resources Group, Inc. | 1,872 | 52,716 | ||||||
Medical Properties Trust, Inc. | 4,850 | 63,050 | ||||||
Merck & Co., Inc. | 20,593 | 1,121,701 | ||||||
Mercury General Corp. | 506 | 23,210 | ||||||
Meredith Corp. | 286 | 15,387 | ||||||
MetLife, Inc. | 7,273 | 333,758 | ||||||
Mid-America Apartment Communities, Inc. | 557 | 50,821 | ||||||
Mosaic Co. (The) | 4,087 | 99,232 | ||||||
Murphy Oil Corp. | 2,523 | 65,194 | ||||||
National Fuel Gas Co. | 485 | 24,953 | ||||||
National Health Investors, Inc. | 307 | 20,658 | ||||||
National Retail Properties, Inc. | 1,314 | 51,588 | ||||||
Navient Corp. | 4,170 | 54,710 | ||||||
New York Community Bancorp, Inc. | 6,076 | 79,170 | ||||||
Nordstrom, Inc. | 1,394 | 67,484 | ||||||
NorthWestern Corp. | 538 | 28,944 | ||||||
Nucor Corp. | 2,425 | 148,143 | ||||||
Occidental Petroleum Corp. | 8,566 | 556,447 | ||||||
OGE Energy Corp. | 1,586 | 51,973 | ||||||
Old Republic International Corp. | 3,560 | 76,362 | ||||||
Omega Healthcare Investors, Inc.(a) | 2,701 | 73,035 | ||||||
Omnicom Group, Inc. | 1,426 | 103,627 | ||||||
ONEOK, Inc. | 2,854 | 162,450 | ||||||
Outfront Media, Inc. | 2,185 | 40,947 | ||||||
PacWest Bancorp | 1,289 | �� | 63,844 | |||||
Park Hotels & Resorts, Inc. | 1,301 | 35,153 | ||||||
Pattern Energy Group, Inc. Class A | 892 | 15,423 | ||||||
Paychex, Inc. | 2,739 | 168,695 | ||||||
PBF Energy, Inc. Class A | 1,489 | 50,477 | ||||||
Pebblebrook Hotel Trust | 200 | 6,870 | ||||||
People’s United Financial, Inc. | 4,249 | 79,286 | ||||||
PepsiCo, Inc. | 9,328 | 1,018,151 | ||||||
Pfizer, Inc. | 52,403 | 1,859,782 | ||||||
Philip Morris International, Inc. | 14,733 | 1,464,460 | ||||||
Phillips 66 | 3,724 | 357,206 | ||||||
Physicians Realty Trust | 1,347 | 20,973 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 2,573 | 45,259 | ||||||
Pinnacle West Capital Corp. | 1,172 | 93,526 | ||||||
Pitney Bowes, Inc. | 2,184 | 23,784 | ||||||
PPL Corp. | 7,093 | 200,661 | ||||||
Principal Financial Group, Inc. | 1,541 | 93,862 | ||||||
ProAssurance Corp. | 975 | 47,336 | ||||||
Procter & Gamble Co. (The) | 19,797 | 1,569,506 | ||||||
Prologis, Inc. | 3,955 | 249,125 | ||||||
Prudential Financial, Inc. | 2,850 | 295,117 | ||||||
Public Service Enterprise Group, Inc. | 4,351 | 218,594 | ||||||
Public Storage | 1,152 | 230,849 | ||||||
QTS Realty Trust, Inc. Class A | 154 | 5,578 | ||||||
QUALCOMM, Inc. | 14,909 | 826,108 | ||||||
Rayonier, Inc. | 1,618 | 56,921 | ||||||
Realty Income Corp. | 2,120 | 109,668 | ||||||
Retail Opportunity Investments Corp. | 851 | 15,037 | ||||||
Retail Properties of America, Inc. Class A | 2,421 | 28,229 | ||||||
RLJ Lodging Trust | 2,636 | 51,244 | ||||||
Ryman Hospitality Properties, Inc. | 306 | 23,700 |
See Notes to Financial Statements.
70 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global High Dividend Fund (DEW)
March 31, 2018
Investments | Shares | Value | ||||||
Sabra Health Care REIT, Inc. | 847 | $ | 14,950 | |||||
Sabre Corp. | 1,638 | 35,135 | ||||||
SCANA Corp. | 1,721 | 64,624 | ||||||
Select Income REIT | 1,066 | 20,766 | ||||||
SemGroup Corp. Class A | 935 | 20,009 | ||||||
Sempra Energy | 1,424 | 158,377 | ||||||
Senior Housing Properties Trust | 4,491 | 70,329 | ||||||
Simon Property Group, Inc. | 2,390 | 368,896 | ||||||
Six Flags Entertainment Corp. | 841 | 52,361 | ||||||
SL Green Realty Corp. | 432 | 41,831 | ||||||
South Jersey Industries, Inc. | 984 | 27,709 | ||||||
Southern Co. (The) | 9,934 | 443,652 | ||||||
Spirit Realty Capital, Inc. | 6,841 | 53,086 | ||||||
STORE Capital Corp. | 1,320 | 32,762 | ||||||
Sun Communities, Inc. | 199 | 18,183 | ||||||
T. Rowe Price Group, Inc. | 1,260 | 136,042 | ||||||
Tanger Factory Outlet Centers, Inc. | 1,376 | 30,272 | ||||||
Tapestry, Inc. | 2,968 | 156,146 | ||||||
Targa Resources Corp. | 3,367 | 148,148 | ||||||
Target Corp. | 5,291 | 367,354 | ||||||
Taubman Centers, Inc. | 757 | 43,081 | ||||||
TEGNA, Inc. | 1,585 | 18,053 | ||||||
Tupperware Brands Corp. | 748 | 36,188 | ||||||
UDR, Inc. | 1,358 | 48,372 | ||||||
Umpqua Holdings Corp. | 3,248 | 69,540 | ||||||
United Parcel Service, Inc. Class B | 4,365 | 456,841 | ||||||
Uniti Group, Inc.(a) | 4,026 | 65,422 | ||||||
Urban Edge Properties | 660 | 14,091 | ||||||
Valero Energy Corp. | 4,520 | 419,320 | ||||||
Vector Group Ltd. | 2,186 | 44,573 | ||||||
Vectren Corp. | 781 | 49,922 | ||||||
Ventas, Inc. | 3,317 | 164,291 | ||||||
VEREIT, Inc. | 10,765 | 74,924 | ||||||
Verizon Communications, Inc. | 48,294 | 2,309,419 | ||||||
VF Corp. | 2,372 | 175,813 | ||||||
Viacom, Inc. Class B | 3,293 | 102,281 | ||||||
Vornado Realty Trust | 939 | 63,195 | ||||||
W.P. Carey, Inc. | 1,624 | 100,672 | ||||||
W.W. Grainger, Inc. | 374 | 105,569 | ||||||
WEC Energy Group, Inc. | 2,183 | 136,874 | ||||||
Weingarten Realty Investors | 1,183 | 33,219 | ||||||
Wells Fargo & Co. | 28,231 | 1,479,587 | ||||||
Welltower, Inc. | 3,646 | 198,452 | ||||||
Westar Energy, Inc. | 635 | 33,395 | ||||||
Western Union Co. (The) | 3,438 | 66,113 | ||||||
WestRock Co. | 1,654 | 106,137 | ||||||
Weyerhaeuser Co. | 6,246 | 218,610 | ||||||
Williams Cos., Inc. (The) | 8,528 | 212,006 | ||||||
Williams-Sonoma, Inc.(a) | 655 | 34,558 | ||||||
Xcel Energy, Inc. | 4,348 | 197,747 | ||||||
Xerox Corp. | 1,786 | 51,401 | ||||||
|
| |||||||
Total United States | 53,038,414 | |||||||
TOTAL COMMON STOCKS (Cost: $98,542,562) | 103,509,234 | |||||||
EXCHANGE-TRADED NOTE – 0.3% | ||||||||
United States – 0.3% | ||||||||
iPath MSCI India Index ETN* | ||||||||
(Cost: $338,656) | 4,043 | 336,054 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.4% | ||||||||
United States – 2.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $2,514,939)(d) | 2,514,939 | 2,514,939 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.9% (Cost: $101,396,157) | 106,360,227 | |||||||
Other Assets less Liabilities – (1.9)% | (2,002,341 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 104,357,886 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $2,728,565 and the total market value of the collateral held by the Fund was $2,873,896. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $358,957. |
ADR – American Depositary Receipt
CVA – Certificaten Van Aandelen (Certificate of Stock)
ETN – Exchange-Traded Note
GDR – Global Depositary Receipt
NVDR – Non-Voting Depositary Receipt
Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
RSP – Risparmio Italian Savings Shares
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 71 |
Table of Contents
Schedule of Investments
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 100.9% | ||||||||
India – 100.9% | ||||||||
Aerospace & Defense – 0.2% | ||||||||
Bharat Electronics Ltd. | 1,262,088 | $ | 2,737,162 | |||||
Air Freight & Logistics – 0.1% | ||||||||
Allcargo Logistics Ltd. | 207,594 | 468,522 | ||||||
Transport Corp. of India Ltd. | 95,589 | 396,299 | ||||||
|
| |||||||
Total Air Freight & Logistics | 864,821 | |||||||
Airlines – 0.4% | ||||||||
InterGlobe Aviation Ltd.(a) | 118,870 | 2,351,913 | ||||||
Jet Airways India Ltd.* | 303,584 | 2,833,517 | ||||||
SpiceJet Ltd.* | 1,060,901 | 2,035,699 | ||||||
|
| |||||||
Total Airlines | 7,221,129 | |||||||
Auto Components – 1.7% | ||||||||
Apollo Tyres Ltd. | 1,422,303 | 6,041,686 | ||||||
Balkrishna Industries Ltd. | 194,995 | 3,194,970 | ||||||
Bharat Forge Ltd. | 479,948 | 5,148,526 | ||||||
Bosch Ltd. | 9,675 | 2,672,727 | ||||||
Ceat Ltd. | 118,212 | 2,730,115 | ||||||
Exide Industries Ltd. | 555,531 | 1,898,143 | ||||||
Igarashi Motors India Ltd. | 21,431 | 265,827 | ||||||
JK Tyre & Industries Ltd. | 504,069 | 1,259,367 | ||||||
Mahindra CIE Automotive Ltd.* | 131,254 | 432,169 | ||||||
Motherson Sumi Systems Ltd. | 760,433 | 3,625,429 | ||||||
Sundram Fasteners Ltd. | 85,431 | 722,123 | ||||||
Tube Investments of India Ltd. | 239,642 | 817,157 | ||||||
|
| |||||||
Total Auto Components | 28,808,239 | |||||||
Automobiles – 5.5% | ||||||||
Bajaj Auto Ltd. | 208,454 | 8,772,290 | ||||||
Hero MotoCorp Ltd. | 262,691 | 14,269,203 | ||||||
Mahindra & Mahindra Ltd. | 1,631,529 | 18,483,676 | ||||||
Maruti Suzuki India Ltd. | 219,869 | 29,871,672 | ||||||
Tata Motors Ltd.* | 3,821,072 | 19,148,802 | ||||||
TVS Motor Co., Ltd. | 187,275 | 1,778,233 | ||||||
|
| |||||||
Total Automobiles | 92,323,876 | |||||||
Banks – 9.2% | ||||||||
Axis Bank Ltd. | 3,246,632 | 25,411,874 | ||||||
Bank of Baroda | 1,309,865 | 2,857,849 | ||||||
Canara Bank | 338,686 | 1,370,391 | ||||||
City Union Bank Ltd. | 717,664 | 1,897,546 | ||||||
DCB Bank Ltd. | 525,783 | 1,302,331 | ||||||
Federal Bank Ltd. | 2,677,136 | 3,661,366 | ||||||
ICICI Bank Ltd. | 10,965,921 | 46,799,824 | ||||||
IDFC Bank Ltd. | 3,759,636 | 2,729,441 | ||||||
Indian Bank | 493,390 | 2,267,931 | ||||||
IndusInd Bank Ltd. | 575,771 | 15,861,539 | ||||||
Karnataka Bank Ltd. (The) | 1,622,899 | 2,859,035 | ||||||
Karur Vysya Bank Ltd. (The) | 857,229 | 1,320,245 | ||||||
Kotak Mahindra Bank Ltd. | 1,200,601 | 19,287,902 | ||||||
Lakshmi Vilas Bank Ltd. (The) | 272,922 | 412,176 | ||||||
Punjab National Bank* | 725,484 | 1,060,056 | ||||||
RBL Bank Ltd.(a) | 36,918 | 271,614 | ||||||
South Indian Bank Ltd. (The) | 7,911,533 | 2,765,689 | ||||||
State Bank of India | 512,712 | 1,964,480 | ||||||
Union Bank of India* | 225,571 | 325,101 | ||||||
Vijaya Bank | 1,428,993 | 1,140,404 | ||||||
Yes Bank Ltd. | 4,023,912 | 18,807,998 | ||||||
|
| |||||||
Total Banks | 154,374,792 | |||||||
Beverages – 0.1% | ||||||||
United Spirits Ltd.* | 43,488 | 2,086,763 | ||||||
Biotechnology – 0.2% | ||||||||
Biocon Ltd. | 374,959 | 3,414,326 | ||||||
Building Products – 0.1% | ||||||||
Kajaria Ceramics Ltd. | 103,028 | 904,433 | ||||||
Somany Ceramics Ltd. | 10,254 | 104,377 | ||||||
|
| |||||||
Total Building Products | 1,008,810 | |||||||
Capital Markets – 0.7% | ||||||||
5Paisa Capital Ltd.* | 14,062 | 72,011 | ||||||
Care Ratings Ltd. | 53,696 | 995,104 | ||||||
CRISIL Ltd. | 27,350 | 790,223 | ||||||
Edelweiss Financial Services Ltd. | 990,571 | 3,617,723 | ||||||
IIFL Holdings Ltd. | 351,950 | 3,808,105 | ||||||
JM Financial Ltd. | 826,243 | 1,631,667 | ||||||
Motilal Oswal Financial Services Ltd. | 6,464 | 99,341 | ||||||
|
| |||||||
Total Capital Markets | 11,014,174 | |||||||
Chemicals – 2.7% | ||||||||
Aarti Industries | 33,877 | 595,663 | ||||||
Advanced Enzyme Technologies Ltd. | 29,639 | 96,885 | ||||||
Asian Paints Ltd. | 350,975 | 6,029,165 | ||||||
Atul Ltd. | 33,153 | 1,328,424 | ||||||
Berger Paints India Ltd. | 244,023 | 960,427 | ||||||
Castrol India Ltd. | 473,572 | 1,487,770 | ||||||
Chambal Fertilizers and Chemicals Ltd. | 847,914 | 2,140,531 | ||||||
Coromandel International Ltd. | 126,931 | 1,022,019 | ||||||
DCM Shriram Ltd. | 170,161 | 1,106,853 | ||||||
Deepak Fertilisers & Petrochemicals Corp., Ltd. | 68,220 | 301,763 | ||||||
Dhanuka Agritech Ltd. | 64,803 | 547,264 | ||||||
EID Parry India Ltd.* | 219,456 | 920,937 | ||||||
Finolex Industries Ltd. | 77,871 | 787,704 | ||||||
GHCL Ltd. | 315,527 | 1,250,319 | ||||||
Godrej Industries Ltd. | 175,428 | 1,479,076 | ||||||
Gujarat Alkalies & Chemicals Ltd. | 107,474 | 1,151,089 | ||||||
Gujarat Fluorochemicals Ltd. | 44,297 | 540,964 | ||||||
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 203,465 | 1,135,375 | ||||||
Gulf Oil Lubricants India Ltd. | 45,418 | 636,650 | ||||||
I G Petrochemicals Ltd. | 30,412 | 298,657 | ||||||
Jindal Poly Films Ltd. | 87,157 | 418,067 | ||||||
Kansai Nerolac Paints Ltd. | 261,550 | 2,028,343 | ||||||
PI Industries Ltd. | 140,366 | 1,905,071 | ||||||
Pidilite Industries Ltd. | 124,103 | 1,746,378 | ||||||
Rain Industries Ltd. | 159,618 | 916,886 | ||||||
Rallis India Ltd. | 221,682 | 809,788 | ||||||
Rashtriya Chemicals & Fertilizers Ltd. | 560,516 | 629,082 |
See Notes to Financial Statements.
72 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2018
Investments | Shares | Value | ||||||
SH Kelkar & Co., Ltd.(a) | 188,354 | $ | 748,111 | |||||
Supreme Industries Ltd. | 67,027 | 1,227,101 | ||||||
Supreme Petrochem Ltd. | 71,932 | 354,632 | ||||||
UPL Ltd. | 872,752 | 9,771,704 | ||||||
|
| |||||||
Total Chemicals | 44,372,698 | |||||||
Communications Equipment – 0.1% | ||||||||
Sterlite Technologies Ltd. | 191,219 | 915,904 | ||||||
Construction & Engineering – 1.4% | ||||||||
Engineers India Ltd. | 168,774 | 410,021 | ||||||
IRB Infrastructure Developers Ltd. | 794,382 | 2,716,077 | ||||||
ITD Cementation India Ltd. | 212,003 | 511,141 | ||||||
J Kumar Infraprojects Ltd. | 92,967 | 386,854 | ||||||
Kalpataru Power Transmission Ltd. | 65,564 | 486,791 | ||||||
Larsen & Toubro Ltd. | 739,578 | 14,864,881 | ||||||
PNC Infratech Ltd. | 121,791 | 327,531 | ||||||
Voltas Ltd. | 371,804 | 3,539,514 | ||||||
|
| |||||||
Total Construction & Engineering | 23,242,810 | |||||||
Construction Materials – 1.9% | ||||||||
ACC Ltd. | 91,878 | 2,123,620 | ||||||
Ambuja Cements Ltd. | 1,101,079 | 3,932,684 | ||||||
Birla Corp., Ltd. | 37,852 | 414,783 | ||||||
Dalmia Bharat Ltd. | 6,567 | 289,390 | ||||||
Grasim Industries Ltd. | 737,275 | 11,879,517 | ||||||
HeidelbergCement India Ltd. | 75,817 | 165,533 | ||||||
India Cements Ltd. (The) | 121,919 | 264,973 | ||||||
JK Cement Ltd. | 33,592 | 522,795 | ||||||
JK Lakshmi Cement Ltd. | 21,685 | 153,407 | ||||||
Ramco Cements Ltd. (The) | 161,607 | 1,793,315 | ||||||
Ramco Industries Ltd. | 127,330 | 448,923 | ||||||
Shree Cement Ltd. | 9,406 | 2,335,784 | ||||||
UltraTech Cement Ltd. | 114,048 | 6,907,051 | ||||||
|
| |||||||
Total Construction Materials | 31,231,775 | |||||||
Consumer Finance – 1.8% | ||||||||
Bajaj Finance Ltd. | 238,532 | 6,464,371 | ||||||
Cholamandalam Investment and Finance Co., Ltd. | 58,118 | 1,292,473 | ||||||
Mahindra & Mahindra Financial Services Ltd. | 586,194 | 4,163,559 | ||||||
Manappuram Finance Ltd. | 1,697,356 | 2,837,961 | ||||||
Muthoot Finance Ltd. | 255,996 | 1,599,246 | ||||||
Repco Home Finance Ltd. | 37,303 | 321,631 | ||||||
Shriram City Union Finance Ltd. | 85,066 | 2,780,094 | ||||||
Shriram Transport Finance Co., Ltd. | 432,463 | 9,545,500 | ||||||
Sundaram Finance Ltd. | 44,389 | 1,141,479 | ||||||
|
| |||||||
Total Consumer Finance | 30,146,314 | |||||||
Containers & Packaging – 0.1% | ||||||||
HSIL Ltd. | 96,588 | 549,717 | ||||||
Nilkamal Ltd. | 14,541 | 338,846 | ||||||
Time Technoplast Ltd. | 135,690 | 333,183 | ||||||
Uflex Ltd. | 142,427 | 747,056 | ||||||
|
| |||||||
Total Containers & Packaging | 1,968,802 | |||||||
Diversified Financial Services – 2.1% | ||||||||
Bajaj Holdings & Investment Ltd. | 102,111 | 4,171,538 | ||||||
IDFC Ltd. | 2,696,649 | 2,015,612 | ||||||
L&T Finance Holdings Ltd. | 1,308,013 | 3,150,621 | ||||||
Power Finance Corp., Ltd. | 3,556,993 | 4,671,090 | ||||||
Reliance Capital Ltd. | 232,672 | 1,510,081 | ||||||
Rural Electrification Corp., Ltd. | 9,012,287 | 17,230,955 | ||||||
Srei Infrastructure Finance Ltd. | 550,979 | 620,912 | ||||||
TI Financial Holdings Ltd. | 236,141 | 2,353,021 | ||||||
|
| |||||||
Total Diversified Financial Services | 35,723,830 | |||||||
Diversified Telecommunication Services – 0.6% | ||||||||
Bharti Infratel Ltd. | 1,182,781 | 6,096,005 | ||||||
Himachal Futuristic Communications Ltd.* | 5,245,498 | 2,079,003 | ||||||
Tata Communications Ltd. | 156,879 | 1,491,659 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 9,666,667 | |||||||
Electric Utilities – 2.1% | ||||||||
Adani Transmission Ltd.* | 1,212,833 | 3,601,957 | ||||||
CESC Ltd. | 204,695 | 3,032,370 | ||||||
Power Grid Corp. of India Ltd. | 6,097,161 | 18,065,711 | ||||||
Reliance Infrastructure Ltd. | 964,209 | 6,319,972 | ||||||
Tata Power Co., Ltd. (The) | 2,243,132 | 2,717,001 | ||||||
Torrent Power Ltd. | 557,140 | 1,958,310 | ||||||
|
| |||||||
Total Electric Utilities | 35,695,321 | |||||||
Electrical Equipment – 0.5% | ||||||||
ABB India Ltd. | 41,912 | 831,953 | ||||||
Amara Raja Batteries Ltd. | 75,184 | 916,432 | ||||||
Bharat Heavy Electricals Ltd. | 250,263 | 312,149 | ||||||
Finolex Cables Ltd. | 80,380 | 831,693 | ||||||
Havells India Ltd. | 455,954 | 3,410,478 | ||||||
Suzlon Energy Ltd.* | 14,052,777 | 2,305,440 | ||||||
|
| |||||||
Total Electrical Equipment | 8,608,145 | |||||||
Electronic Equipment, Instruments & Components – 0.1% | ||||||||
Redington India Ltd. | 894,668 | 2,013,705 | ||||||
Food Products – 0.7% | ||||||||
Balrampur Chini Mills Ltd. | 589,978 | 684,310 | ||||||
Britannia Industries Ltd. | 34,195 | 2,606,029 | ||||||
Kaveri Seed Co., Ltd. | 114,443 | 848,211 | ||||||
KRBL Ltd. | 389,876 | 2,607,175 | ||||||
Nestle India Ltd. | 27,648 | 3,477,550 | ||||||
Tata Global Beverages Ltd. | 298,895 | 1,185,788 | ||||||
|
| |||||||
Total Food Products | 11,409,063 | |||||||
Gas Utilities – 0.8% | ||||||||
GAIL India Ltd. | 1,460,025 | 7,354,781 | ||||||
Gujarat Gas Ltd. | 33,180 | 423,871 | ||||||
Gujarat State Petronet Ltd. | 962,027 | 2,795,145 | ||||||
Indraprastha Gas Ltd. | 696,620 | 2,984,750 | ||||||
|
| |||||||
Total Gas Utilities | 13,558,547 | |||||||
Health Care Providers & Services – 0.2% | ||||||||
Apollo Hospitals Enterprise Ltd. | 109,501 | 1,787,446 | ||||||
Dr Lal PathLabs Ltd.(a) | 28,714 | 385,793 | ||||||
Fortis Healthcare Ltd.* | 273,569 | 517,385 | ||||||
Thyrocare Technologies Ltd.(a) | 12,920 | 118,232 | ||||||
|
| |||||||
Total Health Care Providers & Services | 2,808,856 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2018
Investments | Shares | Value | ||||||
Hotels, Restaurants & Leisure – 0.0% | ||||||||
Cox & Kings Ltd. | 167,381 | $ | 585,125 | |||||
EIH Ltd. | 57,786 | 140,962 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 726,087 | |||||||
Household Durables – 0.2% | ||||||||
Crompton Greaves Consumer Electricals Ltd. | 481,124 | 1,746,445 | ||||||
Whirlpool of India Ltd. | 59,521 | 1,378,247 | ||||||
|
| |||||||
Total Household Durables | 3,124,692 | |||||||
Household Products – 1.0% | ||||||||
Hindustan Unilever Ltd. | 845,578 | 17,286,447 | ||||||
Jyothy Laboratories Ltd. | 51,619 | 313,291 | ||||||
|
| |||||||
Total Household Products | 17,599,738 | |||||||
Independent Power & Renewable Electricity Producers – 2.2% | ||||||||
JSW Energy Ltd. | 2,357,831 | 2,631,795 | ||||||
NHPC Ltd. | 12,424,194 | 5,276,621 | ||||||
NLC India Ltd. | 661,335 | 849,208 | ||||||
NTPC Ltd. | 8,849,889 | 23,026,480 | ||||||
PTC India Ltd. | 1,678,909 | 2,249,813 | ||||||
Reliance Power Ltd.* | 4,829,333 | 2,673,020 | ||||||
|
| |||||||
Total Independent Power & Renewable Electricity Producers | 36,706,937 | |||||||
Industrial Conglomerates – 0.3% | ||||||||
Nava Bharat Ventures Ltd. | 257,993 | 532,823 | ||||||
Siemens Ltd. | 257,427 | 4,234,489 | ||||||
|
| |||||||
Total Industrial Conglomerates | 4,767,312 | |||||||
Insurance – 0.5% | ||||||||
Bajaj Finserv Ltd. | 79,480 | 6,302,117 | ||||||
ICICI Prudential Life Insurance Co., Ltd.(a) | 105,961 | 631,330 | ||||||
Max Financial Services Ltd.* | 141,862 | 986,287 | ||||||
Sundaram Finance Holdings Ltd.* | 43,981 | 209,380 | ||||||
|
| |||||||
Total Insurance | 8,129,114 | |||||||
IT Services – 18.2% | ||||||||
HCL Technologies Ltd. | 2,329,602 | 34,596,653 | ||||||
Hexaware Technologies Ltd. | 421,881 | 2,437,622 | ||||||
Infosys Ltd. | 8,272,496 | 143,553,617 | ||||||
Mindtree Ltd. | 580,708 | 6,873,135 | ||||||
Mphasis Ltd. | 394,416 | 5,066,136 | ||||||
Persistent Systems Ltd. | 123,461 | 1,313,798 | ||||||
Sonata Software Ltd. | 60,531 | 290,396 | ||||||
Tata Consultancy Services Ltd. | 1,548,708 | 67,653,885 | ||||||
Tech Mahindra Ltd. | 2,076,198 | 20,331,694 | ||||||
Vakrangee Ltd. | 1,156,563 | 3,925,154 | ||||||
Wipro Ltd. | 4,265,485 | 18,387,149 | ||||||
|
| |||||||
Total IT Services | 304,429,239 | |||||||
Life Sciences Tools & Services – 0.3% | ||||||||
Divi’s Laboratories Ltd. | 250,423 | 4,185,895 | ||||||
Syngene International Ltd.(a) | 24,392 | 223,344 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 4,409,239 | |||||||
Machinery – 1.3% | ||||||||
AIA Engineering Ltd. | 98,754 | 2,182,464 | ||||||
Ashok Leyland Ltd. | 3,000,564 | 6,691,516 | ||||||
Cummins India Ltd. | 171,094 | 1,836,943 | ||||||
Eicher Motors Ltd. | 12,691 | 5,520,821 | ||||||
Escorts Ltd. | 223,628 | 2,805,049 | ||||||
Force Motors Ltd. | 8,774 | 367,659 | ||||||
Greaves Cotton Ltd. | 214,177 | 373,536 | ||||||
Jain Irrigation Systems Ltd. | 621,450 | 1,014,284 | ||||||
SML ISUZU Ltd. | 39,066 | 460,370 | ||||||
Thermax Ltd. | 48,322 | 840,612 | ||||||
Timken India Ltd. | 30,874 | 333,939 | ||||||
|
| |||||||
Total Machinery | 22,427,193 | |||||||
Marine – 0.1% | ||||||||
Shipping Corp. of India Ltd.* | 980,050 | 963,946 | ||||||
Media – 1.1% | ||||||||
Eros International Media Ltd.* | 140,024 | 356,814 | ||||||
Jagran Prakashan Ltd. | 343,253 | 909,686 | ||||||
Sun TV Network Ltd. | 275,858 | 3,589,190 | ||||||
TV Today Network Ltd. | 106,792 | 800,019 | ||||||
Zee Entertainment Enterprises Ltd. | 1,361,776 | 12,015,971 | ||||||
|
| |||||||
Total Media | 17,671,680 | |||||||
Metals & Mining – 3.3% | ||||||||
Hindalco Industries Ltd. | 1,609,097 | 5,293,204 | ||||||
Hindustan Zinc Ltd. | 1,367,475 | 6,301,501 | ||||||
Indian Metals & Ferro Alloys Ltd. | 47,605 | 313,307 | ||||||
Jindal Saw Ltd. | 125,527 | 228,549 | ||||||
JSW Steel Ltd. | 3,261,386 | 14,408,830 | ||||||
Kalyani Steels Ltd. | 82,633 | 376,919 | ||||||
National Aluminium Co., Ltd. | 2,572,188 | 2,620,629 | ||||||
NMDC Ltd. | 3,054,139 | 5,551,345 | ||||||
Sarda Energy & Minerals Ltd. | 36,960 | 239,537 | ||||||
Skipper Ltd. | 113,933 | 369,024 | ||||||
Srikalahasthi Pipes Ltd. | 67,850 | 334,924 | ||||||
Tata Metaliks Ltd. | 14,536 | 165,626 | ||||||
Vedanta Ltd. | 4,403,780 | 18,760,478 | ||||||
|
| |||||||
Total Metals & Mining | 54,963,873 | |||||||
Multiline Retail – 0.0% | ||||||||
Future Retail Ltd.* | 56,686 | 478,716 | ||||||
Oil, Gas & Consumable Fuels – 18.6% | ||||||||
Aegis Logistics Ltd. | 195,091 | 776,515 | ||||||
Bharat Petroleum Corp., Ltd. | 3,993,315 | 26,171,389 | ||||||
Chennai Petroleum Corp., Ltd. | 453,601 | 2,276,639 | ||||||
Coal India Ltd. | 4,121,014 | 17,900,228 | ||||||
Great Eastern Shipping Co., Ltd. (The) | 302,087 | 1,529,386 | ||||||
Hindustan Petroleum Corp., Ltd. | 4,580,681 | 24,219,667 | ||||||
Indian Oil Corp., Ltd. | 11,645,982 | 31,533,683 | ||||||
Mangalore Refinery & Petrochemicals Ltd. | 1,370,459 | 2,308,203 | ||||||
Oil & Natural Gas Corp., Ltd. | 15,895,762 | 43,333,223 | ||||||
Oil India Ltd. | 1,580,063 | 5,241,300 | ||||||
Petronet LNG Ltd. | 1,170,728 | 4,145,547 | ||||||
Reliance Industries Ltd. | 11,240,015 | 152,120,556 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 311,556,336 |
See Notes to Financial Statements.
74 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2018
Investments | Shares | Value | ||||||
Paper & Forest Products – 0.1% | ||||||||
Century Plyboards India Ltd. | 144,200 | $ | 722,087 | |||||
JK Paper Ltd. | 166,768 | 345,443 | ||||||
Tamil Nadu Newsprint & Papers Ltd. | 129,740 | 691,948 | ||||||
|
| |||||||
Total Paper & Forest Products | 1,759,478 | |||||||
Personal Products – 1.0% | ||||||||
Bajaj Corp., Ltd. | 121,449 | 879,002 | ||||||
Colgate-Palmolive India Ltd. | 101,135 | 1,638,865 | ||||||
Dabur India Ltd. | 827,460 | 4,166,372 | ||||||
Emami Ltd. | 49,191 | 806,140 | ||||||
Godrej Consumer Products Ltd. | 395,503 | 6,631,870 | ||||||
Marico Ltd. | 599,878 | 2,998,852 | ||||||
|
| |||||||
Total Personal Products | 17,121,101 | |||||||
Pharmaceuticals – 4.9% | ||||||||
Ajanta Pharma Ltd.* | 63,142 | 1,346,016 | ||||||
Alkem Laboratories Ltd. | 52,459 | 1,599,266 | ||||||
Aurobindo Pharma Ltd. | 834,684 | 7,139,165 | ||||||
Bliss Gvs Pharma Ltd. | 112,088 | 338,043 | ||||||
Cadila Healthcare Ltd.* | 607,168 | 3,517,517 | ||||||
Cipla Ltd. | 648,105 | 5,420,111 | ||||||
Dr. Reddy’s Laboratories Ltd. | 141,042 | 4,499,192 | ||||||
Glenmark Pharmaceuticals Ltd. | 423,525 | 3,417,593 | ||||||
Granules India Ltd. | 167,573 | 265,278 | ||||||
Ipca Laboratories Ltd. | 56,188 | 564,837 | ||||||
JB Chemicals & Pharmaceuticals Ltd. | 173,722 | 825,970 | ||||||
Jubilant Life Sciences Ltd. | 202,817 | 2,610,400 | ||||||
Laurus Labs Ltd.(a) | 25,983 | 200,325 | ||||||
Lupin Ltd. | 719,176 | 8,113,951 | ||||||
Natco Pharma Ltd. | 160,798 | 1,858,054 | ||||||
Piramal Enterprises Ltd. | 134,137 | 5,003,476 | ||||||
Shilpa Medicare Ltd. | 23,794 | 169,148 | ||||||
Strides Shasun Ltd. | 91,680 | 940,602 | ||||||
Sun Pharmaceutical Industries Ltd. | 4,023,071 | 30,539,260 | ||||||
Suven Life Sciences Ltd. | 136,985 | 351,590 | ||||||
Torrent Pharmaceuticals Ltd. | 149,065 | 2,856,319 | ||||||
|
| |||||||
Total Pharmaceuticals | 81,576,113 | |||||||
Real Estate Management & Development – 0.4% | ||||||||
Anant Raj Ltd. | 224,384 | 160,319 | ||||||
DLF Ltd. | 461,355 | 1,423,571 | ||||||
Godrej Properties Ltd.* | 58,094 | 643,899 | ||||||
Housing Development & Infrastructure Ltd.* | 1,213,709 | 718,306 | ||||||
Mahindra Lifespace Developers Ltd. | 26,495 | 179,127 | ||||||
Oberoi Realty Ltd. | 152,491 | 1,192,985 | ||||||
Phoenix Mills Ltd. (The) | 16,344 | 148,200 | ||||||
Prestige Estates Projects Ltd. | 294,564 | 1,317,871 | ||||||
Sobha Ltd. | 154,441 | 1,202,913 | ||||||
Sunteck Realty Ltd. | 52,358 | 341,418 | ||||||
|
| |||||||
Total Real Estate Management & Development | 7,328,609 | |||||||
Road & Rail – 0.1% | ||||||||
Container Corp. of India Ltd. | 102,739 | 1,961,315 | ||||||
VRL Logistics Ltd.* | 77,163 | 455,489 | ||||||
|
| |||||||
Total Road & Rail | 2,416,804 | |||||||
Software – 0.7% | ||||||||
8K Miles Software Services Ltd. | 36,872 | 378,802 | ||||||
KPIT Technologies Ltd. | 1,010,050 | 3,353,582 | ||||||
NIIT Technologies Ltd. | 269,805 | 3,578,277 | ||||||
Oracle Financial Services Software Ltd. | 57,449 | 3,299,003 | ||||||
TAKE Solutions Ltd. | 80,405 | 201,747 | ||||||
Tata Elxsi Ltd. | 32,292 | 487,858 | ||||||
|
| |||||||
Total Software | 11,299,269 | |||||||
Specialty Retail – 0.1% | ||||||||
PC Jeweller Ltd. | 478,320 | 2,348,269 | ||||||
Praxis Home Retail Ltd.* | 3,001 | 8,197 | ||||||
|
| |||||||
Total Specialty Retail | 2,356,466 | |||||||
Textiles, Apparel & Luxury Goods – 0.9% | ||||||||
Arvind Ltd. | 500,475 | 2,938,545 | ||||||
Himatsingka Seide Ltd. | 70,945 | 380,115 | ||||||
KPR Mill Ltd. | 40,198 | 389,859 | ||||||
Sintex Industries Ltd. | 3,475,985 | 956,644 | ||||||
SRF Ltd. | 22,765 | 682,426 | ||||||
Titan Co., Ltd. | 297,712 | 4,301,238 | ||||||
Trident Ltd. | 607,173 | 551,580 | ||||||
Vardhman Textiles Ltd. | 119,514 | 2,239,592 | ||||||
Welspun India Ltd. | 2,067,798 | 1,840,425 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 14,280,424 | |||||||
Thrifts & Mortgage Finance – 8.9% | ||||||||
Can Fin Homes Ltd. | 14,531 | 107,944 | ||||||
Dewan Housing Finance Corp., Ltd. | 1,420,213 | 11,108,598 | ||||||
Housing Development Finance Corp., Ltd. | 3,907,611 | 109,376,705 | ||||||
Indiabulls Housing Finance Ltd. | 1,073,574 | 20,365,606 | ||||||
LIC Housing Finance Ltd. | 946,563 | 7,755,751 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 148,714,604 | |||||||
Tobacco – 1.4% | ||||||||
ITC Ltd. | 6,012,060 | 23,551,691 | ||||||
Trading Companies & Distributors – 0.3% | ||||||||
Adani Enterprises Ltd. | 1,972,647 | 4,730,358 | ||||||
Transportation Infrastructure – 0.9% | ||||||||
Adani Ports & Special Economic Zone Ltd. | 2,555,320 | 13,873,279 | ||||||
Gateway Distriparks Ltd. | 154,183 | 413,106 | ||||||
Gujarat Pipavav Port Ltd. | 263,454 | 587,121 | ||||||
|
| |||||||
Total Transportation Infrastructure | 14,873,506 | |||||||
Water Utilities – 0.0% | ||||||||
VA Tech Wabag Ltd. | 4,330 | 32,560 | ||||||
Wireless Telecommunication Services – 0.8% | ||||||||
Bharti Airtel Ltd. | 2,196,179 | 13,425,234 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.9% (Cost: $1,266,435,907) | 1,686,636,848 | |||||||
Other Assets less Liabilities – (0.9)% | (15,069,638 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,671,567,210 |
* | 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. |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 75 |
Table of Contents
Schedule of Investments
WisdomTree Middle East Dividend Fund (GULF)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.9% | ||||||||
Bahrain – 2.7% | ||||||||
Ahli United Bank BSC | 558,319 | $ | 396,406 | |||||
Egypt – 4.8% | ||||||||
Alexandria Mineral Oils Co. | 33,678 | 19,466 | ||||||
Commercial International Bank Egypt SAE | 14,623 | 73,828 | ||||||
Credit Agricole Egypt SAE | 8,366 | 23,722 | ||||||
Eastern Tobacco | 1,646 | 55,534 | ||||||
Egyptian Financial Group-Hermes Holding Co. | 99,300 | 144,979 | ||||||
ElSewedy Electric Co. | 18,588 | 228,412 | ||||||
Heliopolis Housing | 5,680 | 11,962 | ||||||
Juhayna Food Industries | 15,782 | 10,187 | ||||||
Medinet Nasr Housing | 16,650 | 11,390 | ||||||
Oriental Weavers | 42,371 | 37,757 | ||||||
Sidi Kerir Petrochemicals Co. | 25,088 | 42,250 | ||||||
Talaat Moustafa Group | 37,269 | 24,184 | ||||||
Telecom Egypt Co. | 59,333 | 41,597 | ||||||
|
| |||||||
Total Egypt | 725,268 | |||||||
Jordan – 3.4% | ||||||||
Arab Bank PLC | 48,978 | 468,035 | ||||||
Jordan Petroleum Refinery Co. | 11,861 | 46,140 | ||||||
|
| |||||||
Total Jordan | 514,175 | |||||||
Kuwait – 13.7% | ||||||||
Agility Public Warehousing Co. KSC | 27,015 | 77,997 | ||||||
Boubyan Bank KSCP | 19,363 | 31,216 | ||||||
Boubyan Petrochemicals Co. KSCP | 54,216 | 138,978 | ||||||
Burgan Bank SAK | 17,604 | 16,452 | ||||||
Gulf Bank KSCP | 92,082 | 78,682 | ||||||
Gulf National Holding Co.*† | 28,831 | 0 | ||||||
Human Soft Holding Co. KSC | 3,156 | 41,093 | ||||||
Kuwait Finance House KSCP | 160,464 | 317,607 | ||||||
Kuwait International Bank KSCP | 44,296 | 34,154 | ||||||
Mabanee Co. SAK | 12,993 | 30,965 | ||||||
Mezzan Holding Co. KSCC | 8,944 | 23,256 | ||||||
Mobile Telecommunications Co. KSC | 412,257 | 660,492 | ||||||
National Bank of Kuwait SAKP | 243,367 | 609,230 | ||||||
|
| |||||||
Total Kuwait | 2,060,122 | |||||||
Morocco – 4.4% | ||||||||
Attijariwafa Bank | 3,734 | 202,748 | ||||||
Cosumar | 2,932 | 94,566 | ||||||
Douja Promotion Groupe Addoha S.A. | 15,749 | 52,574 | ||||||
Maroc Telecom | 15,021 | 242,644 | ||||||
Societe d’Exploitation des Ports | 3,605 | 71,799 | ||||||
|
| |||||||
Total Morocco | 664,331 | |||||||
Oman – 2.6% | ||||||||
Bank Muscat SAOG | 178,404 | 169,600 | ||||||
Bank Sohar SAOG | 61,278 | 22,124 | ||||||
Oman Telecommunications Co. SAOG | 55,106 | 130,537 | ||||||
Ooredoo | 54,264 | 70,754 | ||||||
|
| |||||||
Total Oman | 393,015 | |||||||
Qatar – 18.1% | ||||||||
Barwa Real Estate Co. | 16,838 | 154,880 | ||||||
Doha Bank QPSC | 28,741 | 213,072 | ||||||
Gulf Warehousing Co. | 1,557 | 17,314 | ||||||
Industries Qatar QSC | 13,531 | 390,474 | ||||||
Masraf Al Rayan QSC | 44,507 | 431,872 | ||||||
Medicare Group | 1,399 | 26,343 | ||||||
Ooredoo QPSC | 9,716 | 220,144 | ||||||
Qatar Electricity & Water Co. QSC | 2,493 | 128,689 | ||||||
Qatar Gas Transport Co., Ltd. | 38,583 | 161,875 | ||||||
Qatar Insurance Co. SAQ | 8,979 | 92,453 | ||||||
Qatar International Islamic Bank QSC | 6,502 | 89,282 | ||||||
Qatar Islamic Bank SAQ | 6,642 | 177,813 | ||||||
Qatar National Bank QPSC | 13,192 | 470,884 | ||||||
United Development Co. QSC | 34,097 | 139,590 | ||||||
Widam Food Co. | 520 | 8,424 | ||||||
|
| |||||||
Total Qatar | 2,723,109 | |||||||
Saudi Arabia – 28.4% | ||||||||
Advanced Petrochemical Co. | 5,296 | 70,472 | ||||||
Al Rajhi Bank | 33,470 | 672,970 | ||||||
Al Tayyar Travel Group Holding Co. | 1,254 | 9,597 | ||||||
Alinma Bank | 18,584 | 102,187 | ||||||
Almarai Co. JSC | 4,491 | 66,108 | ||||||
Arab National Bank | 3,490 | 27,269 | ||||||
Bank Al-Jazira | 6,787 | 20,234 | ||||||
Bank AlBilad | 10,455 | 63,455 | ||||||
Banque Saudi Fransi | 11,106 | 86,923 | ||||||
Bupa Arabia for Cooperative Insurance Co. | 205 | 5,182 | ||||||
Co. for Cooperative Insurance (The) | 2,051 | 41,075 | ||||||
Dallah Healthcare Co. | 424 | 11,736 | ||||||
Jarir Marketing Co. | 2,105 | 99,356 | ||||||
Kingdom Holding Co. | 7,773 | 18,697 | ||||||
National Commercial Bank | 27,143 | 471,202 | ||||||
National Petrochemical Co. | 2,449 | 16,144 | ||||||
Riyad Bank | 56,860 | 210,458 | ||||||
Sahara Petrochemical Co. | 10,894 | 51,129 | ||||||
Samba Financial Group | 47,266 | 337,794 | ||||||
Saudi Airlines Catering Co. | 2,136 | 46,935 | ||||||
Saudi Arabian Fertilizer Co. | 4,975 | 93,795 | ||||||
Saudi Basic Industries Corp. | 25,967 | 806,016 | ||||||
Saudi British Bank (The) | 5,133 | 42,912 | ||||||
Saudi Cement Co. | 8,413 | 125,634 | ||||||
Saudi Electricity Co. | 21,250 | 116,960 | ||||||
Saudi Ground Services Co. | 3,379 | 33,204 | ||||||
Saudi Industrial Investment Group | 4,597 | 27,803 | ||||||
Saudi Investment Bank (The) | 9,237 | 38,180 | ||||||
Saudi Telecom Co. | 16,166 | 357,376 | ||||||
Yanbu National Petrochemical Co. | 9,666 | 188,423 | ||||||
|
| |||||||
Total Saudi Arabia | 4,259,226 | |||||||
United Arab Emirates – 20.8% | ||||||||
Abu Dhabi Commercial Bank PJSC | 184,346 | 331,251 | ||||||
Agthia Group PJSC | 9,724 | 11,649 | ||||||
Air Arabia PJSC | 290,360 | 90,120 |
See Notes to Financial Statements.
76 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Middle East Dividend Fund (GULF)
March 31, 2018
Investments | Shares | Value | ||||||
Aldar Properties PJSC | 312,009 | $ | 180,936 | |||||
Aramex PJSC | 24,822 | 29,735 | ||||||
DAMAC Properties Dubai Co. PJSC | 236,722 | 192,703 | ||||||
DP World Ltd. | 6,249 | 140,602 | ||||||
Dubai Investments PJSC | 126,535 | 72,001 | ||||||
Dubai Islamic Bank PJSC | 198,112 | 286,407 | ||||||
Emaar Malls PJSC | 188,162 | 110,141 | ||||||
Emaar Properties PJSC | 131,572 | 207,764 | ||||||
Emirates NBD PJSC | 29,249 | 85,605 | ||||||
Emirates Telecommunications Group Co. PJSC | 169,261 | 813,356 | ||||||
First Abu Dhabi Bank PJSC | 123,629 | 393,809 | ||||||
Manazel Real Estate PJSC | 203,935 | 30,538 | ||||||
National Central Cooling Co. PJSC | 13,240 | 5,587 | ||||||
RAK Properties PJSC | 148,020 | 27,404 | ||||||
Union National Bank PJSC | 113,879 | 110,065 | ||||||
|
| |||||||
Total United Arab Emirates | 3,119,673 | |||||||
TOTAL COMMON STOCKS (Cost: $13,718,916) | 14,855,325 | |||||||
RIGHTS – 0.0% | ||||||||
Saudi Arabia – 0.0% | ||||||||
Bank Al-Jazira, expiring 4/4/18* (Cost $0) | 3,915 | 939 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.9% (Cost: $13,718,916) | 14,856,264 | |||||||
Other Assets less Liabilities – 1.1% | 167,935 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 15,024,199 |
* | 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 represents 0.0% of net assets. |
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 | |||||||||||||||||||||||
Standard Chartered Bank | 4/3/2018 | 11,913 | USD | 4,587 | OMR | $ | — | $ | (1 | ) | ||||||||||||||||||
State Street Bank and Trust | 4/2/2018 | 38,453 | SAR | 10,254 | USD | — | — | |||||||||||||||||||||
$ | — | $ | (1 | ) |
CURRENCY LEGEND |
OMR – Omani rial
SAR – Saudi riyal
USD – U.S. dollar
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 77 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
March 31, 2018
WisdomTree Asia Pacific ex-Japan Fund | WisdomTree China ex- State-Owned Enterprises Fund | WisdomTree Emerging Markets Consumer Growth Fund | WisdomTree Emerging Markets ex- State-Owned Enterprises Fund | WisdomTree Emerging Markets High Dividend Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 39,990,801 | $ | 204,113,134 | $ | 47,786,497 | $ | 92,296,969 | $ | 2,183,317,297 | ||||||||||
Investment in affiliates, at cost (Note 3) | 109,795 | — | — | — | 36,450,067 | |||||||||||||||
Foreign currency, at cost | 24,709 | 357,518 | 58,422 | 2,153,896 | 761,067 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 44,759,055 | 218,982,619 | 50,393,624 | 92,663,188 | 2,365,392,082 | |||||||||||||||
Investment in affiliates, at value (Note 3) | 111,132 | — | — | — | 36,155,970 | |||||||||||||||
Cash | 18,183 | — | — | — | 312,630 | |||||||||||||||
Foreign currency, at value | 24,715 | 359,421 | 58,444 | 2,153,925 | 758,631 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 27 | — | 491 | 8,398 | 16,636 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | — | 4,379,751 | — | 3,566,270 | — | |||||||||||||||
Capital shares sold | — | — | 2,505,726 | — | — | |||||||||||||||
Dividends | 156,532 | 686 | 158,413 | 70,563 | 6,553,518 | |||||||||||||||
Securities lending income | 72 | 30,116 | 4,645 | 3,390 | 157,537 | |||||||||||||||
Total Assets | 45,069,716 | 223,752,593 | 53,121,343 | 98,465,734 | 2,409,347,004 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Due to custodian | — | 44,461 | 571,643 | 2,073,267 | — | |||||||||||||||
Unrealized depreciation on foreign currency contracts | — | — | — | 12,764 | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | — | 3,452,217 | 594,206 | 243,090 | 124,481,158 | |||||||||||||||
Investment securities purchased | — | 4,266,685 | 1,890,104 | 3,335,740 | 1,473,072 | |||||||||||||||
Advisory fees (Note 3) | 18,614 | 60,819 | 13,095 | 24,081 | 1,207,871 | |||||||||||||||
Service fees (Note 2) | 171 | 835 | 181 | 331 | 8,568 | |||||||||||||||
Total Liabilities | 18,785 | 7,825,017 | 3,069,229 | 5,689,273 | 127,170,669 | |||||||||||||||
NET ASSETS | $ | 45,050,931 | $ | 215,927,576 | $ | 50,052,114 | $ | 92,776,461 | $ | 2,282,176,335 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 51,734,561 | $ | 205,789,425 | $ | 49,125,875 | $ | 93,341,673 | $ | 3,308,377,299 | ||||||||||
Undistributed (Distributions in excess of) net investment income | 50,165 | (31,293 | ) | 84,990 | 106,787 | 4,535,562 | ||||||||||||||
Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions | (11,503,036 | ) | (4,701,945 | ) | (1,766,332 | ) | (1,033,704 | ) | (1,212,508,726 | ) | ||||||||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 4,769,241 | 14,871,389 | 2,607,581 | 361,705 | 181,772,200 | |||||||||||||||
NET ASSETS | $ | 45,050,931 | $ | 215,927,576 | $ | 50,052,114 | $ | 92,776,461 | $ | 2,282,176,335 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 650,000 | 2,475,000 | 1,900,000 | 2,900,000 | 48,200,000 | |||||||||||||||
Net asset value per share | $ | 69.31 | $ | 87.24 | $ | 26.34 | $ | 31.99 | $ | 47.35 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 32,274 | $ | 9,973,550 | $ | 2,415,218 | $ | 627,142 | $ | 251,027,428 |
2 | Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
See Notes to Financial Statements.
78 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
March 31, 2018
WisdomTree Emerging Markets Quality Dividend Growth Fund | WisdomTree Emerging Markets SmallCap Dividend Fund | WisdomTree Global ex-U.S. Quality Dividend Growth Fund | WisdomTree Global ex-U.S. Real Estate Fund | WisdomTree Global High Dividend Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 66,748,367 | $ | 1,502,218,431 | $ | 65,345,869 | $ | 102,211,542 | $ | 101,396,157 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | 131,541 | 28,639 | — | — | |||||||||||||||
Foreign currency, at cost | 52,424 | 1,605,476 | 60,804 | 36,337 | 143,558 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 75,665,068 | 1,758,791,203 | 71,933,803 | 109,067,587 | 106,360,227 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | 134,566 | 28,545 | — | — | |||||||||||||||
Cash | 32,846 | 157,177 | 76,535 | 8,322 | 52,685 | |||||||||||||||
Foreign currency, at value | 52,317 | 1,609,948 | 60,619 | 36,218 | 143,000 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | — | 788 | — | 20 | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | — | 359,850 | — | — | — | |||||||||||||||
Dividends | 116,197 | 4,286,307 | 183,658 | 294,897 | 319,931 | |||||||||||||||
Securities lending income | 3,837 | 457,999 | 4,844 | 6,047 | 3,889 | |||||||||||||||
Foreign tax reclaims | — | — | 69,416 | 41,646 | 45,414 | |||||||||||||||
Total Assets | 75,870,265 | 1,765,797,838 | 72,357,420 | 109,454,737 | 106,925,146 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Unrealized depreciation on foreign currency contracts | — | 25 | — | 5 | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 393,858 | 21,429,989 | 1,479,062 | 2,072,327 | 2,514,939 | |||||||||||||||
Investment securities purchased | — | 304,441 | — | — | — | |||||||||||||||
Advisory fees (Note 3) | 20,876 | 931,941 | 34,814 | 53,492 | 51,927 | |||||||||||||||
Service fees (Note 2) | 287 | 6,510 | 267 | 406 | 394 | |||||||||||||||
Foreign capital gains tax | 13,258 | 20,617 | 2,173 | — | — | |||||||||||||||
Total Liabilities | 428,279 | 22,693,523 | 1,516,316 | 2,126,230 | 2,567,260 | |||||||||||||||
NET ASSETS | $ | 75,441,986 | $ | 1,743,104,315 | $ | 70,841,104 | $ | 107,328,507 | $ | 104,357,886 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 73,206,843 | $ | 1,826,643,542 | $ | 75,735,805 | $ | 122,223,700 | $ | 107,171,603 | ||||||||||
Undistributed (Distributions in excess of) net investment income | 88,866 | 3,677,294 | 253,241 | (3,052,046 | ) | 289,167 | ||||||||||||||
Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions | (6,756,818 | ) | (343,782,078 | ) | (11,735,982 | ) | (18,698,267 | ) | (8,067,903 | ) | ||||||||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 8,903,095 | 256,565,557 | 6,588,040 | 6,855,120 | 4,965,019 | |||||||||||||||
NET ASSETS | $ | 75,441,986 | $ | 1,743,104,315 | $ | 70,841,104 | $ | 107,328,507 | $ | 104,357,886 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 2,800,000 | 32,600,000 | 1,200,000 | 3,350,000 | 2,250,000 | |||||||||||||||
Net asset value per share | $ | 26.94 | $ | 53.47 | $ | 59.03 | $ | 32.04 | $ | 46.38 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 585,935 | $ | 180,385,045 | $ | 2,677,338 | $ | 3,167,314 | $ | 2,728,565 |
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 79 |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
March 31, 2018
WisdomTree India Earnings Fund (consolidated) | WisdomTree Middle East Dividend Fund | |||||||
ASSETS: |
| |||||||
Investments, at cost | $ | 1,266,435,907 | $ | 13,718,916 | ||||
Foreign currency, at cost | 2,998,224 | 108,160 | ||||||
Investments in securities, at value | 1,686,636,848 | 14,856,264 | ||||||
Cash | 394,483 | 18,916 | ||||||
Foreign currency, at value | 2,993,823 | 108,158 | ||||||
Receivables: |
| |||||||
Dividends | 609,593 | 119,565 | ||||||
Total Assets | 1,690,634,747 | 15,102,903 | ||||||
LIABILITIES: |
| |||||||
Unrealized depreciation on foreign currency contracts | — | 1 | ||||||
Payables: |
| |||||||
Investment securities purchased | — | 17,794 | ||||||
Advisory fees (Note 3) | 1,194,294 | 11,689 | ||||||
Service fees (Note 2) | 6,331 | 59 | ||||||
Closed foreign currency contracts | — | 49,161 | ||||||
Foreign capital gains tax | 17,866,912 | — | ||||||
Total Liabilities | 19,067,537 | 78,704 | ||||||
NET ASSETS | $ | 1,671,567,210 | $ | 15,024,199 | ||||
NET ASSETS: |
| |||||||
Paid-in capital | $ | 1,509,978,822 | $ | 18,764,291 | ||||
Undistributed net investment income | 3,644,786 | 183,670 | ||||||
Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions | (244,384,217 | ) | (5,061,092 | ) | ||||
Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 402,327,819 | 1,137,330 | ||||||
NET ASSETS | $ | 1,671,567,210 | $ | 15,024,199 | ||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 64,600,000 | 800,000 | ||||||
Net asset value per share | $ | 25.88 | $ | 18.78 |
See Notes to Financial Statements.
80 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
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WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
For the Year Ended March 31, 2018
WisdomTree Asia Pacific ex-Japan Fund | WisdomTree China ex- State-Owned Enterprises Fund | WisdomTree Emerging Markets Consumer Growth Fund | WisdomTree Emerging Markets ex- State-Owned Enterprises Fund | WisdomTree Emerging Markets High Dividend Fund | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends1 | $ | 1,664,424 | $ | 266,602 | $ | 793,550 | $ | 298,843 | $ | 86,109,624 | ||||||||||
Dividends from affiliates (Note 3) | 21,383 | — | — | — | 182,958 | |||||||||||||||
Interest | 8 | — | 13 | 36 | — | |||||||||||||||
Non-cash dividends | 3,720 | — | — | 284 | 79,953 | |||||||||||||||
Securities lending income (Note 2) | 2,726 | 116,827 | 21,787 | 5,240 | 1,100,243 | |||||||||||||||
Total investment income | 1,692,261 | 383,429 | 815,350 | 304,403 | 87,472,778 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 218,228 | 513,016 | 222,812 | 141,377 | 12,424,961 | |||||||||||||||
Service fees (Note 2) | 2,000 | 3,583 | 1,557 | 1,072 | 86,777 | |||||||||||||||
Total expenses | 220,228 | 516,599 | 224,369 | 142,449 | 12,511,738 | |||||||||||||||
Expense waivers (Note 3) | (223 | ) | (247,644 | ) | (90,225 | ) | (61,559 | ) | (102,356 | ) | ||||||||||
Net expenses | 220,005 | 268,955 | 134,144 | 80,890 | 12,409,382 | |||||||||||||||
Net investment income | 1,472,256 | 114,474 | 681,206 | 223,513 | 75,063,396 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions2 | 318,548 | (1,152,288 | ) | 1,263,707 | (699,829 | ) | 56,677,000 | |||||||||||||
Investment transactions in affiliates (Note 3) | 11,910 | — | — | — | 128,712 | |||||||||||||||
In-kind redemptions | 1,100,175 | — | 1,484,842 | 1,341,665 | 1,743,197 | |||||||||||||||
In-kind redemptions in affiliates (Note 3) | — | — | — | — | 5,296 | |||||||||||||||
Foreign currency contracts | (6,455 | ) | 25,629 | (6,155 | ) | (72,750 | ) | (93,954 | ) | |||||||||||
Foreign currency related transactions | 9,082 | (13,839 | ) | 2,978 | 43,973 | 143,661 | ||||||||||||||
Net realized gain (loss) | 1,433,260 | (1,140,498 | ) | 2,745,372 | 613,059 | 58,603,912 | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: |
| |||||||||||||||||||
Investment transactions3 | 2,471,166 | 14,226,257 | 2,076,213 | 153,653 | 236,213,576 | |||||||||||||||
Foreign currency contracts | 25 | — | 331 | (4,419 | ) | (9,723 | ) | |||||||||||||
Translation of assets and liabilities denominated in foreign currencies | (8,015 | ) | 1,906 | (6,169 | ) | (408 | ) | (169,716 | ) | |||||||||||
Net increase in unrealized appreciation/depreciation | 2,463,176 | 14,228,163 | 2,070,375 | 148,826 | 236,034,137 | |||||||||||||||
Net realized and unrealized gain on investments | 3,896,436 | 13,087,665 | 4,815,747 | 761,885 | 294,638,049 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 5,368,692 | $ | 13,202,139 | $ | 5,496,953 | $ | 985,398 | $ | 369,701,445 | ||||||||||
1 Net of foreign withholding tax of: | $ | 136,688 | $ | 9,621 | $ | 90,179 | $ | 41,186 | $ | 12,435,266 | ||||||||||
2 Net of foreign capital gains tax withheld of: | $ | 2 | — | $ | 1,823 | $ | 3,757 | — | ||||||||||||
3 Includes net increase (decrease) in accrued foreign capital gain taxes of: | $ | (16,487 | ) | — | $ | (510 | ) | $ | (642 | ) | — |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 81 |
Table of Contents
Statements of Operations (continued)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
For the Year Ended March 31, 2018
WisdomTree Emerging Markets Quality Dividend Growth Fund | WisdomTree Emerging Markets SmallCap Dividend Fund | WisdomTree Global ex-U.S. Quality Dividend Growth Fund | WisdomTree Global ex-U.S. Real Estate Fund | WisdomTree Global High Dividend Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 1,584,331 | $ | 46,164,228 | $ | 1,628,286 | $ | 3,671,518 | $ | 3,800,203 | ||||||||||
Dividends from affiliates (Note 3) | — | 276,395 | 5,161 | — | 13,152 | |||||||||||||||
Interest | — | — | 4 | 675 | — | |||||||||||||||
Non-cash dividends | — | 17,246 | — | 8,903 | 99,059 | |||||||||||||||
Securities lending income (Note 2) | 19,761 | 2,880,874 | 16,813 | 35,786 | 29,796 | |||||||||||||||
Total investment income | 1,604,092 | 49,338,743 | 1,650,264 | 3,716,882 | 3,942,210 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 395,981 | 8,849,448 | 343,629 | 520,672 | 572,765 | |||||||||||||||
Service fees (Note 2) | 2,766 | 61,807 | 2,607 | 3,949 | 4,345 | |||||||||||||||
Total expenses | 398,747 | 8,911,255 | 346,236 | 524,621 | 577,110 | |||||||||||||||
Expense waivers (Note 3) | (155,836 | ) | (8,717 | ) | (303 | ) | — | (176 | ) | |||||||||||
Net expenses | 242,911 | 8,902,538 | 345,933 | 524,621 | 576,934 | |||||||||||||||
Net investment income | 1,361,181 | 40,436,205 | 1,304,331 | 3,192,261 | 3,365,276 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions2 | 1,320,798 | 86,333,838 | 5,744,295 | 6,196,721 | 3,253,722 | |||||||||||||||
Investment transactions in affiliates (Note 3) | — | (74,891 | ) | 19,768 | — | (17,407 | ) | |||||||||||||
In-kind redemptions | 1,619,241 | — | — | 1,903,156 | 447 | |||||||||||||||
Foreign currency contracts | 51,427 | 130,647 | 51,480 | (59,369 | ) | 1,521 | ||||||||||||||
Foreign currency related transactions | (57,945 | ) | 231,831 | (48,546 | ) | 65,589 | 2,898 | |||||||||||||
Net realized gain | 2,933,521 | 86,621,425 | 5,766,997 | 8,106,097 | 3,241,181 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions3 | 6,027,067 | 158,571,359 | 2,768,154 | 5,135,253 | (559,058 | ) | ||||||||||||||
Foreign currency contracts | (2,353 | ) | 37,046 | (8,352 | ) | 18 | (554 | ) | ||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 1,671 | (165,335 | ) | 13,275 | 4,510 | 4,170 | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | 6,026,385 | 158,443,070 | 2,773,077 | 5,139,781 | (555,442 | ) | ||||||||||||||
Net realized and unrealized gain on investments | 8,959,906 | 245,064,495 | 8,540,074 | 13,245,878 | 2,685,739 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 10,321,087 | $ | 285,500,700 | $ | 9,844,405 | $ | 16,438,139 | $ | 6,051,015 | ||||||||||
1 Net of foreign withholding tax of: | $ | 196,564 | $ | 6,259,224 | $ | 170,939 | $ | 331,684 | $ | 190,441 | ||||||||||
2 Net of foreign capital gains tax withheld of: | $ | 2,216 | $ | 5,883 | $ | 27 | — | — | ||||||||||||
3 Includes net increase (decrease) in accrued foreign capital gain taxes of: | $ | (5,175 | ) | $ | (89,096 | ) | $ | (17,620 | ) | — | — |
See Notes to Financial Statements.
82 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Statements of Operations (concluded)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
For the Year Ended March 31, 2018
WisdomTree India Earnings Fund (consolidated) | WisdomTree Middle East Dividend Fund | |||||||
INVESTMENT INCOME: | ||||||||
Dividends1 | $ | 29,307,289 | $ | 684,515 | ||||
Non-cash dividends | 945,752 | — | ||||||
Total investment income | 30,253,041 | 684,515 | ||||||
EXPENSES: | ||||||||
Advisory fees (Note 3) | 14,349,121 | 144,754 | ||||||
Service fees (Note 2) | 76,068 | 724 | ||||||
Interest expense (Note 8) | 113,297 | — | ||||||
Total expenses | 14,538,486 | 145,478 | ||||||
Net investment income | 15,714,555 | 539,037 | ||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||
Net realized gain (loss) from: | ||||||||
Investment transactions | 67,720,234 | (810,025 | ) | |||||
Foreign currency contracts | (56,485 | ) | (17,238 | ) | ||||
Foreign currency related transactions | (168,841 | ) | 2,537 | |||||
Payment by sub-advisor (Note 3) | — | 613 | ||||||
Net realized gain (loss) | 67,494,908 | (824,113 | ) | |||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||
Investment transactions2 | 52,801,173 | 1,725,150 | ||||||
Foreign currency contracts | — | (1 | ) | |||||
Translation of assets and liabilities denominated in foreign currencies | (13,397 | ) | 3 | |||||
Net increase in unrealized appreciation/depreciation | 52,787,776 | 1,725,152 | ||||||
Net realized and unrealized gain on investments | 120,282,684 | 901,039 | ||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 135,997,239 | $ | 1,440,076 | ||||
1 Net of foreign withholding tax of: | — | $ | 24,596 | |||||
2 Includes net increase (decrease) in accrued foreign capital gain taxes of: | $ | 17,866,912 | — |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 83 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
WisdomTree Asia Pacific ex-Japan Fund | WisdomTree China ex-State-Owned Enterprises Fund | WisdomTree Emerging Markets Consumer Growth Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 1,472,256 | $ | 1,482,790 | $ | 114,474 | $ | 106,906 | $ | 681,206 | $ | 372,752 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 1,433,260 | 370,324 | (1,140,498 | ) | (117,621 | ) | 2,745,372 | (394,093 | ) | |||||||||||||||
Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 2,463,176 | 4,932,847 | 14,228,163 | 1,678,314 | 2,070,375 | 1,579,185 | ||||||||||||||||||
Net increase in net assets resulting from operations | 5,368,692 | 6,785,961 | 13,202,139 | 1,667,599 | 5,496,953 | 1,557,844 | ||||||||||||||||||
DIVIDENDS: |
| |||||||||||||||||||||||
Net investment income | (1,460,015 | ) | (1,518,023 | ) | (175,236 | ) | (111,000 | ) | (608,721 | ) | (426,435 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 6,764,109 | 5,631,266 | 194,324,594 | — | 24,219,358 | 11,293,101 | ||||||||||||||||||
Cost of shares redeemed | (7,276,813 | ) | (14,909,131 | ) | — | (2,331,022 | ) | (3,837,105 | ) | — | ||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (512,704 | ) | (9,277,865 | ) | 194,324,594 | (2,331,022 | ) | 20,382,253 | 11,293,101 | |||||||||||||||
Net Increase (Decrease) in Net Assets | 3,395,973 | (4,009,927 | ) | 207,351,497 | (774,423 | ) | 25,270,485 | 12,424,510 | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 41,654,958 | $ | 45,664,885 | $ | 8,576,079 | $ | 9,350,502 | $ | 24,781,629 | $ | 12,357,119 | ||||||||||||
End of year | $ | 45,050,931 | $ | 41,654,958 | $ | 215,927,576 | $ | 8,576,079 | $ | 50,052,114 | $ | 24,781,629 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of year | $ | 50,165 | | $ | 34,281 | $ | (31,293 | ) | $ | 17,678 | $ | 84,990 | $ | 49,064 | ||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 650,000 | 800,000 | 150,000 | 200,000 | 1,100,000 | 600,000 | ||||||||||||||||||
Shares created | 100,000 | 100,000 | 2,325,000 | — | 950,000 | 500,000 | ||||||||||||||||||
Shares redeemed | (100,000 | ) | (250,000 | ) | — | (50,000 | ) | (150,000 | ) | — | ||||||||||||||
Shares outstanding, end of year | 650,000 | 650,000 | 2,475,000 | 150,000 | 1,900,000 | 1,100,000 |
See Notes to Financial Statements.
84 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Statements of Changes in Net Assets (cotinued)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
WisdomTree Emerging Markets ex-State-Owned | WisdomTree Emerging Markets High Dividend Fund | WisdomTree Emerging Markets Quality Dividend Growth Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 223,513 | $ | 29,760 | $ | 75,063,396 | $ | 56,823,240 | $ | 1,361,181 | $ | 1,072,348 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 613,059 | (6,783 | ) | 58,603,912 | (80,310,598 | ) | 2,933,521 | (54,337 | ) | |||||||||||||||
Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 148,826 | 331,990 | 236,034,137 | 298,018,235 | 6,026,385 | 3,635,335 | ||||||||||||||||||
Net increase in net assets resulting from operations | 985,398 | 354,967 | 369,701,445 | 274,530,877 | 10,321,087 | 4,653,346 | ||||||||||||||||||
DIVIDENDS: |
| |||||||||||||||||||||||
Net investment income | (125,650 | ) | (30,710 | ) | (74,635,924 | ) | (55,276,488 | ) | (1,254,486 | ) | (1,116,560 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 104,725,354 | — | 283,093,631 | 228,705,147 | 23,204,036 | 15,345,472 | ||||||||||||||||||
Cost of shares redeemed | (15,280,657 | ) | — | (17,363,657 | ) | (47,799,999 | ) | (5,194,843 | ) | (2,183,538 | ) | |||||||||||||
Net increase in net assets resulting from capital share transactions | 89,444,697 | — | 265,729,974 | 180,905,148 | 18,009,193 | 13,161,934 | ||||||||||||||||||
Net Increase in Net Assets | 90,304,445 | 324,257 | 560,795,495 | 400,159,537 | 27,075,794 | 16,698,720 | ||||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 2,472,016 | $ | 2,147,759 | $ | 1,721,380,840 | $ | 1,321,221,303 | $ | 48,366,192 | $ | 31,667,472 | ||||||||||||
End of year | $ | 92,776,461 | $ | 2,472,016 | $ | 2,282,176,335 | $ | 1,721,380,840 | $ | 75,441,986 | $ | 48,366,192 | ||||||||||||
Undistributed net investment income included in net assets at end of year | $ | 106,787 | $ | 2,197 | $ | 4,535,562 | $ | 4,007,767 | $ | 88,866 | $ | 65,347 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 100,000 | 100,000 | 42,300,000 | 37,700,000 | 2,100,000 | 1,500,000 | ||||||||||||||||||
Shares created | 3,300,000 | — | 6,300,000 | 5,900,000 | 900,000 | 700,000 | ||||||||||||||||||
Shares redeemed | (500,000 | ) | — | (400,000 | ) | (1,300,000 | ) | (200,000 | ) | (100,000 | ) | |||||||||||||
Shares outstanding, end of year | 2,900,000 | 100,000 | 48,200,000 | 42,300,000 | 2,800,000 | 2,100,000 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 85 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
WisdomTree Emerging Markets SmallCap Dividend Fund | WisdomTree Global ex-U.S. Quality | WisdomTree Global ex-U.S. Real Estate Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE IN NET ASSETS RESULTING FROM |
| |||||||||||||||||||||||
Net investment income | $ | 40,436,205 | $ | 32,543,978 | $ | 1,304,331 | $ | 1,530,142 | $ | 3,192,261 | $ | 3,314,989 | ||||||||||||
Net realized gain on investments, foreign currency contracts and foreign currency related transactions | 86,621,425 | 16,414,152 | 5,766,997 | 1,755,498 | 8,106,097 | 2,335,804 | ||||||||||||||||||
Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 158,443,070 | 141,918,530 | 2,773,077 | 1,979,340 | 5,139,781 | 1,798,088 | ||||||||||||||||||
Net increase in net assets resulting from operations | 285,500,700 | 190,876,660 | 9,844,405 | 5,264,980 | 16,438,139 | 7,448,881 | ||||||||||||||||||
DIVIDENDS: | ||||||||||||||||||||||||
Net investment income | (39,444,335 | ) | (32,344,872 | ) | (1,055,807 | ) | (1,603,328 | ) | (6,147,290 | ) | (4,632,789 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 390,446,108 | 69,226,432 | 12,021,088 | 4,878,564 | 24,385,279 | 1,418,481 | ||||||||||||||||||
Cost of shares redeemed | — | (15,624,360 | ) | — | (24,534,532 | ) | (10,408,019 | ) | (15,218,231 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 390,446,108 | 53,602,072 | 12,021,088 | (19,655,968 | ) | 13,977,260 | (13,799,750 | ) | ||||||||||||||||
Net Increase (Decrease) in Net Assets | 636,502,473 | 212,133,860 | 20,809,686 | (15,994,316 | ) | 24,268,109 | (10,983,658 | ) | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of year | $ | 1,106,601,842 | $ | 894,467,982 | $ | 50,031,418 | $ | 66,025,734 | $ | 83,060,398 | $ | 94,044,056 | ||||||||||||
End of year | $ | 1,743,104,315 | $ | 1,106,601,842 | $ | 70,841,104 | $ | 50,031,418 | $ | 107,328,507 | $ | 83,060,398 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of year | $ | 3,677,294 | $ | 2,216,747 | $ | 253,241 | $ | 70,819 | $ | (3,052,046 | ) | $ | (1,140,587 | ) | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of year | 24,800,000 | 23,600,000 | 1,000,000 | 1,400,000 | 2,950,000 | 3,450,000 | ||||||||||||||||||
Shares created | 7,800,000 | 1,600,000 | 200,000 | 100,000 | 750,000 | 50,000 | ||||||||||||||||||
Shares redeemed | — | (400,000 | ) | — | (500,000 | ) | (350,000 | ) | (550,000 | ) | ||||||||||||||
Shares outstanding, end of year | 32,600,000 | 24,800,000 | 1,200,000 | 1,000,000 | 3,350,000 | 2,950,000 |
See Notes to Financial Statements.
86 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
WisdomTree Global High Dividend Fund | WisdomTree India Earnings Fund (consolidated) | WisdomTree Middle East Dividend Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 3,365,276 | $ | 2,664,163 | $ | 15,714,555 | $ | 15,154,226 | $ | 539,037 | $ | 666,486 | ||||||||||||
Net realized gain (loss) on investments, payments by sub-advisor, foreign currency contracts and foreign currency related transactions | 3,241,181 | 707,810 | 67,494,908 | 104,475,046 | (824,113 | ) | (227,860 | ) | ||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (555,442 | ) | 6,640,672 | 52,787,776 | 212,117,443 | 1,725,152 | 770,528 | |||||||||||||||||
Net increase in net assets resulting from operations | 6,051,015 | 10,012,645 | 135,997,239 | 331,746,715 | 1,440,076 | 1,209,154 | ||||||||||||||||||
DIVIDENDS: |
| |||||||||||||||||||||||
Net investment income | (3,155,342 | ) | (2,813,589 | ) | (14,626,040 | ) | (18,513,240 | ) | (417,266 | ) | (903,368 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 11,952,469 | 8,799,360 | 123,976,585 | 169,849,103 | — | — | ||||||||||||||||||
Cost of shares redeemed | — | — | (138,386,249 | ) | (394,092,686 | ) | (3,600,006 | ) | (3,435,006 | ) | ||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 11,952,469 | 8,799,360 | (14,409,664 | ) | (224,243,583 | ) | (3,600,006 | ) | (3,435,006 | ) | ||||||||||||||
Net Increase (Decrease) in Net Assets | 14,848,142 | 15,998,416 | 106,961,535 | 88,989,892 | (2,577,196 | ) | (3,129,220 | ) | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 89,509,744 | $ | 73,511,328 | $ | 1,564,605,675 | $ | 1,475,615,783 | $ | 17,601,395 | $ | 20,730,615 | ||||||||||||
End of year | $ | 104,357,886 | $ | 89,509,744 | $ | 1,671,567,210 | $ | 1,564,605,675 | $ | 15,024,199 | $ | 17,601,395 | ||||||||||||
Undistributed net investment income included in net assets at end of year | $ | 289,167 | $ | 59,998 | $ | 3,644,786 | $ | 2,771,487 | $ | 183,670 | $ | 65,848 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 2,000,000 | 1,800,000 | 65,000,000 | 76,000,000 | 1,000,000 | 1,200,000 | ||||||||||||||||||
Shares created | 250,000 | 200,000 | 4,800,000 | 8,400,000 | — | — | ||||||||||||||||||
Shares redeemed | — | — | (5,200,000 | ) | (19,400,000 | ) | (200,000 | ) | (200,000 | ) | ||||||||||||||
Shares outstanding, end of year | 2,250,000 | 2,000,000 | 64,600,000 | 65,000,000 | 800,000 | 1,000,000 |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 87 |
Table of Contents
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Asia Pacific ex-Japan Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 64.08 | $ | 57.08 | $ | 67.20 | $ | 65.72 | $ | 68.70 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 2.21 | 1.90 | 2.14 | 2.29 | 2.25 | |||||||||||||||
Net realized and unrealized gain (loss) | 5.23 | 7.03 | (10.20 | ) | 1.46 | (3.01 | ) | |||||||||||||
Total from investment operations | 7.44 | 8.93 | (8.06 | ) | 3.75 | (0.76 | ) | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (2.21 | ) | (1.93 | ) | (2.06 | ) | (2.27 | ) | (2.22 | ) | ||||||||||
Net asset value, end of period | $ | 69.31 | $ | 64.08 | $ | 57.08 | $ | 67.20 | $ | 65.72 | ||||||||||
TOTAL RETURN2 | 11.75 | % | 15.96 | % | (12.06 | )%3 | 5.71 | % | (0.98 | )% | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 45,051 | $ | 41,655 | $ | 45,665 | $ | 47,037 | $ | 52,579 | ||||||||||
Ratios to average net assets4 of: | ||||||||||||||||||||
Expenses | 0.48 | %5 | 0.48 | % | 0.48 | %5 | 0.49 | %5,6 | 0.48 | %5,7 | ||||||||||
Net investment income | 3.24 | % | 3.19 | % | 3.59 | % | 3.36 | % | 3.35 | %7 | ||||||||||
Portfolio turnover rate8 | 26 | % | 27 | % | 24 | % | 17 | % | 21 | % |
WisdomTree China ex-State-Owned Enterprises Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 201612 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 57.17 | $ | 46.75 | $ | 55.28 | $ | 49.70 | $ | 51.90 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.12 | 0.64 | 1.25 | 1.33 | 1.39 | |||||||||||||||
Net realized and unrealized gain (loss) | 30.56 | 10.45 | (8.59 | ) | 5.48 | (2.15 | ) | |||||||||||||
Total from investment operations | 30.68 | 11.09 | (7.34 | ) | 6.81 | (0.76 | ) | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.61 | ) | (0.67 | ) | (1.19 | ) | (1.23 | ) | (1.44 | ) | ||||||||||
Net asset value, end of period | $ | 87.24 | $ | 57.17 | $ | 46.75 | $ | 55.28 | $ | 49.70 | ||||||||||
TOTAL RETURN2 | 53.95 | % | 23.94 | % | (13.40 | )% | 13.86 | % | (1.32 | )% | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 215,928 | $ | 8,576 | $ | 9,351 | $ | 16,585 | $ | 17,396 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses, net of expense waivers | 0.33 | %9,10 | 0.53 | %10 | 0.57 | %10 | 0.64 | %11 | 0.63 | %7 | ||||||||||
Expenses, prior to expense waivers | 0.63 | % | 0.63 | % | 0.63 | % | 0.64 | %11 | 0.63 | %7 | ||||||||||
Net investment income | 0.14 | % | 1.29 | % | 2.42 | % | 2.53 | % | 2.75 | %7 | ||||||||||
Portfolio turnover rate8 | 20 | % | 37 | % | 143 | % | 30 | % | 21 | % |
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 | Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged. |
4 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
5 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
6 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%. |
7 | Annualized. |
8 | 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. |
9 | Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust. |
10 | Effective July 1, 2015, the investment advisor contractually agreed to limit the advisory fee to 0.53% through July 31, 2017, unless earlier terminated by the Board of Trustees of the Trust. |
11 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%. |
12 | The information reflects the investment objective and strategy of the WisdomTree China Dividend ex-Financials Fund through June 30, 2015 and the investment objective and strategy of the WisdomTree China ex-State-Owned Enterprises Fund thereafter. |
See Notes to Financial Statements.
88 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Emerging Markets Consumer Growth Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period September 27, 2013* through March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 22.53 | $ | 20.60 | $ | 24.89 | $ | 24.56 | $ | 24.79 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.49 | 0.45 | 0.52 | 0.48 | 0.17 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.77 | 2.01 | (4.28 | ) | 0.32 | (0.33 | ) | |||||||||||||
Total from investment operations | 4.26 | 2.46 | (3.76 | ) | 0.80 | (0.16 | ) | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.45 | ) | (0.53 | ) | (0.53 | ) | (0.47 | ) | (0.07 | ) | ||||||||||
Net asset value, end of period | $ | 26.34 | $ | 22.53 | $ | 20.60 | $ | 24.89 | $ | 24.56 | ||||||||||
TOTAL RETURN2 | 19.05 | % | 12.17 | % | (15.21 | )% | 3.24 | % | (0.63 | )% | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 50,052 | $ | 24,782 | $ | 12,357 | $ | 19,912 | $ | 19,647 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses, net of expense waivers | 0.38 | %3 | 0.63 | % | 0.63 | % | 0.64 | %4 | 0.63 | %5 | ||||||||||
Expenses, prior to expense waivers | 0.63 | % | 0.63 | % | 0.63 | % | 0.64 | %4 | 0.63 | %5 | ||||||||||
Net investment income | 1.93 | % | 2.12 | % | 2.39 | % | 1.88 | % | 1.46 | %5 | ||||||||||
Portfolio turnover rate6 | 63 | % | 72 | % | 49 | % | 41 | % | 7 | % |
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Period December 10, 2014* through March 31, 2015 | ||||||||||||
Net asset value, beginning of period | $ | 24.72 | $ | 21.48 | $ | 25.17 | $ | 24.59 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 0.28 | 0.30 | 0.35 | 0.07 | ||||||||||||
Net realized and unrealized gain (loss) | 7.20 | 3.25 | (3.24 | ) | 0.56 | |||||||||||
Total from investment operations | 7.48 | 3.55 | (2.89 | ) | 0.63 | |||||||||||
Dividends to shareholders: | ||||||||||||||||
Net investment income | (0.21 | ) | (0.31 | ) | (0.80 | ) | (0.05 | ) | ||||||||
Net asset value, end of period | $ | 31.99 | $ | 24.72 | $ | 21.48 | $ | 25.17 | ||||||||
TOTAL RETURN2 | 30.30 | % | 16.68 | % | (11.69 | )% | 2.57 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 92,776 | $ | 2,472 | $ | 2,148 | $ | 10,069 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses, net of expense waivers | 0.33 | %3 | 0.58 | % | 0.58 | % | 0.58 | %5 | ||||||||
Expenses, prior to expense waivers | 0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %5 | ||||||||
Net investment income | 0.92 | % | 1.33 | % | 1.48 | % | 0.88 | %5 | ||||||||
Portfolio turnover rate6 | 68 | % | 15 | % | 46 | % | 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 | Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust. |
4 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%. |
5 | Annualized. |
6 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 89 |
Table of Contents
Financial Highlights (continued)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Emerging Markets High Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 40.69 | $ | 35.05 | $ | 42.68 | $ | 49.23 | $ | 54.81 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.67 | 1.42 | 1.76 | 2.16 | 2.16 | |||||||||||||||
Net realized and unrealized gain (loss) | 6.65 | 5.58 | (7.74 | ) | (6.57 | ) | (5.60 | ) | ||||||||||||
Total from investment operations | 8.32 | 7.00 | (5.98 | ) | (4.41 | ) | (3.44 | ) | ||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.66 | ) | (1.36 | ) | (1.65 | ) | (2.14 | ) | (2.14 | ) | ||||||||||
Net asset value, end of period | $ | 47.35 | $ | 40.69 | $ | 35.05 | $ | 42.68 | $ | 49.23 | ||||||||||
TOTAL RETURN2 | 20.98 | % | 20.44 | % | (14.07 | )% | (9.40 | )% | (6.22 | )% | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 2,282,176 | $ | 1,721,381 | $ | 1,321,221 | $ | 2,159,557 | $ | 3,888,854 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses4 | 0.63 | % | 0.63 | % | 0.63 | % | 0.64 | %5 | 0.63 | %6 | ||||||||||
Net investment income | 3.81 | % | 3.81 | % | 4.64 | % | 4.45 | % | 4.20 | %6 | ||||||||||
Portfolio turnover rate7 | 41 | % | 41 | % | 43 | % | 39 | % | 39 | % |
WisdomTree Emerging Markets Quality Dividend Growth Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period August 1, 2013* through March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 23.03 | $ | 21.11 | $ | 24.08 | $ | 24.92 | $ | 25.22 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.56 | 0.63 | 0.55 | 0.61 | 0.33 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.87 | 1.96 | (2.94 | ) | (0.87 | ) | (0.42 | ) | ||||||||||||
Total from investment operations | 4.43 | 2.59 | (2.39 | ) | (0.26 | ) | (0.09 | ) | ||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.52 | ) | (0.67 | ) | (0.58 | ) | (0.58 | ) | (0.21 | ) | ||||||||||
Net asset value, end of period | $ | 26.94 | $ | 23.03 | �� | $ | 21.11 | $ | 24.08 | $ | 24.92 | |||||||||
TOTAL RETURN2 | 19.44 | % | 12.45 | % | (9.89 | )%8 | (1.19 | )% | (0.33 | )% | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 75,442 | $ | 48,366 | $ | 31,667 | $ | 40,944 | $ | 19,939 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses, net of expense waivers | 0.39 | %9 | 0.63 | % | 0.63 | % | 0.64 | %5 | 0.63 | %6 | ||||||||||
Expenses, prior to expense waivers | 0.63 | % | 0.63 | % | 0.63 | % | 0.64 | %5 | 0.63 | %6 | ||||||||||
Net investment income | 2.17 | % | 2.88 | % | 2.59 | % | 2.42 | % | 2.03 | %6 | ||||||||||
Portfolio turnover rate7 | 62 | % | 49 | % | 62 | % | 47 | % | 3 | % |
* | Commencement of operations. |
1 | Based on average shares outstanding. |
2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, 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 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
5 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%. |
6 | Annualized. |
7 | 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. |
8 | Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged. |
9 | Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust. |
See Notes to Financial Statements.
90 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Emerging Markets SmallCap Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 44.62 | $ | 37.90 | $ | 44.46 | $ | 46.40 | $ | 51.18 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.42 | 1.35 | 1.24 | 1.32 | 1.40 | |||||||||||||||
Net realized and unrealized gain (loss) | 8.89 | 6.71 | (6.65 | ) | (1.97 | ) | (4.57 | ) | ||||||||||||
Total from investment operations | 10.31 | 8.06 | (5.41 | ) | (0.65 | ) | (3.17 | ) | ||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.46 | ) | (1.34 | ) | (1.15 | ) | (1.29 | ) | (1.61 | ) | ||||||||||
Net asset value, end of period | $ | 53.47 | $ | 44.62 | $ | 37.90 | $ | 44.46 | $ | 46.40 | ||||||||||
TOTAL RETURN2 | 23.55 | % | 21.76 | % | (12.20 | )% | (1.51 | )% | (6.08 | )% | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 1,743,104 | $ | 1,106,602 | $ | 894,468 | $ | 1,413,669 | $ | 1,814,327 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses4 | 0.63 | % | 0.63 | % | 0.63 | % | 0.64 | %5 | 0.63 | %6 | ||||||||||
Net investment income | 2.88 | % | 3.36 | % | 3.13 | % | 2.84 | % | 2.96 | %6 | ||||||||||
Portfolio turnover rate7 | 48 | % | 47 | % | 52 | % | 42 | % | 26 | % |
WisdomTree Global ex-U.S. Quality Dividend Growth Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 50.03 | $ | 47.16 | $ | 50.80 | $ | 51.68 | $ | 51.75 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.24 | 1.14 | 1.02 | 1.05 | 1.38 | |||||||||||||||
Net realized and unrealized gain (loss) | 8.79 | 2.94 | (3.75 | ) | (0.91 | ) | (0.19 | ) | ||||||||||||
Total from investment operations | 10.03 | 4.08 | (2.73 | ) | 0.14 | 1.19 | ||||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.03 | ) | (1.21 | ) | (0.91 | ) | (1.02 | ) | (1.26 | ) | ||||||||||
Net asset value, end of period | $ | 59.03 | $ | 50.03 | $ | 47.16 | $ | 50.80 | $ | 51.68 | ||||||||||
TOTAL RETURN2 | 20.18 | % | 8.80 | % | (5.42 | )% | 0.24 | % | 2.53 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 70,841 | $ | 50,031 | $ | 66,026 | $ | 86,353 | $ | 62,012 | ||||||||||
Ratios to average net assets3 of: | ||||||||||||||||||||
Expenses | 0.58 | %4 | 0.58 | % | 0.58 | %4,8 | 0.59 | %4,9 | 0.58 | %6 | ||||||||||
Net investment income | 2.20 | % | 2.39 | % | 2.15 | % | 2.05 | % | 2.73 | %6 | ||||||||||
Portfolio turnover rate7 | 67 | % | 66 | % | 61 | % | 64 | % | 93 | % |
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 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
5 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%. |
6 | Annualized. |
7 | 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. |
8 | Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged. |
9 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 91 |
Table of Contents
Financial Highlights (continued)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Global ex-U.S. Real Estate Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 28.16 | $ | 27.26 | $ | 29.65 | $ | 27.77 | $ | 29.90 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.11 | 1.06 | 0.89 | 1.54 | 0.96 | |||||||||||||||
Net realized and unrealized gain (loss) | 4.92 | 1.35 | (2.08 | ) | 1.75 | (1.84 | ) | |||||||||||||
Total from investment operations | 6.03 | 2.41 | (1.19 | ) | 3.29 | (0.88 | ) | |||||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||||||
Net investment income | (2.15 | ) | (1.51 | ) | (1.20 | ) | (1.41 | ) | (1.17 | ) | ||||||||||
Return of capital | — | — | — | — | (0.08 | ) | ||||||||||||||
Total dividends and distributions to shareholders | (2.15 | ) | (1.51 | ) | (1.20 | ) | (1.41 | ) | (1.25 | ) | ||||||||||
Net asset value, end of period | $ | 32.04 | $ | 28.16 | $ | 27.26 | $ | 29.65 | $ | 27.77 | ||||||||||
TOTAL RETURN2 | 21.90 | % | 9.33 | %3 | (3.89 | )% | 12.08 | % | (2.70 | )% | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 107,329 | $ | 83,060 | $ | 94,044 | $ | 121,560 | $ | 127,724 | ||||||||||
Ratios to average net assets4 of: | ||||||||||||||||||||
Expenses | 0.58 | % | 0.58 | % | 0.58 | %5 | 0.59 | %6,7 | 0.58 | %6,8 | ||||||||||
Net investment income | 3.56 | % | 3.86 | % | 3.22 | % | 5.21 | % | 3.37 | %8 | ||||||||||
Portfolio turnover rate9 | 23 | % | 19 | % | 32 | % | 26 | % | 18 | % |
WisdomTree Global High Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 44.75 | $ | 40.84 | $ | 44.23 | $ | 47.51 | $ | 44.03 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 1.59 | 1.46 | 1.76 | 1.83 | 2.11 | |||||||||||||||
Net realized and unrealized gain (loss) | 1.54 | 3.97 | (3.43 | ) | (3.28 | ) | 3.46 | |||||||||||||
Total from investment operations | 3.13 | 5.43 | (1.67 | ) | (1.45 | ) | 5.57 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (1.50 | ) | (1.52 | ) | (1.72 | ) | (1.83 | ) | (2.09 | ) | ||||||||||
Net asset value, end of period | $ | 46.38 | $ | 44.75 | $ | 40.84 | $ | 44.23 | $ | 47.51 | ||||||||||
TOTAL RETURN2 | 7.02 | % | 13.54 | % | (3.77 | )% | (3.23 | )% | 13.13 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 104,358 | $ | 89,510 | $ | 73,511 | $ | 101,718 | $ | 123,527 | ||||||||||
Ratios to average net assets4 of: | ||||||||||||||||||||
Expenses | 0.58 | %6 | 0.58 | % | 0.58 | %5,6 | 0.59 | %6,7 | 0.58 | %6,8 | ||||||||||
Net investment income | 3.41 | % | 3.42 | % | 4.19 | % | 3.91 | % | 4.60 | %8 | ||||||||||
Portfolio turnover rate9 | 21 | % | 21 | % | 56 | % | 30 | % | 25 | % |
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 | Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the year. Excluding this voluntary reimbursement, total return would have been unchanged. |
4 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
5 | Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged. |
6 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
7 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%. |
8 | Annualized. |
9 | 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.
92 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Financial Highlights (concluded)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree India Earnings Fund (consolidated) | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Year Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of year | $ | 24.07 | $ | 19.42 | $ | 22.64 | $ | 18.93 | $ | 17.97 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.24 | 0.23 | 0.26 | 0.22 | 0.25 | |||||||||||||||
Net realized and unrealized gain (loss) | 1.79 | 4.70 | (3.26 | ) | 3.65 | 0.94 | ||||||||||||||
Total from investment operations | 2.03 | 4.93 | (3.00 | ) | 3.87 | 1.19 | ||||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.22 | ) | (0.28 | ) | (0.22 | ) | (0.16 | ) | (0.23 | ) | ||||||||||
Net asset value, end of year | $ | 25.88 | $ | 24.07 | $ | 19.42 | $ | 22.64 | $ | 18.93 | ||||||||||
TOTAL RETURN2 | 8.46 | % | 25.56 | % | (13.31 | )%3 | 20.44 | % | 6.81 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,671,567 | $ | 1,564,606 | $ | 1,475,616 | $ | 2,372,406 | $ | 939,064 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses, net of expense reimbursements4 | 0.84 | % | 0.84 | % | 0.84 | % | 0.84 | %5 | 0.84 | % | ||||||||||
Expenses, prior to expense reimbursements4 | 0.84 | % | 0.84 | % | 0.84 | % | 0.84 | %5 | 0.84 | % | ||||||||||
Net investment income | 0.91 | % | 1.09 | % | 1.28 | % | 0.99 | % | 1.49 | % | ||||||||||
Portfolio turnover rate6 | 22 | % | 30 | % | 38 | % | 26 | % | 43 | % |
WisdomTree Middle East Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 17.60 | $ | 17.28 | $ | 20.25 | $ | 22.38 | $ | 16.11 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.58 | 0.59 | 0.58 | 0.67 | 1.28 | |||||||||||||||
Net realized and unrealized gain (loss) | 1.06 | 0.50 | (2.85 | ) | (2.06 | ) | 5.71 | |||||||||||||
Total from investment operations | 1.64 | 1.09 | (2.27 | ) | (1.39 | ) | 6.99 | |||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.46 | ) | (0.77 | ) | (0.70 | ) | (0.74 | ) | (0.72 | ) | ||||||||||
Net asset value, end of period | $ | 18.78 | $ | 17.60 | $ | 17.28 | $ | 20.25 | $ | 22.38 | ||||||||||
TOTAL RETURN2 | 9.49 | %9 | 6.60 | % | (11.57 | )% | (6.28 | )% | 44.12 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 15,024 | $ | 17,601 | $ | 20,731 | $ | 34,420 | $ | 53,717 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses, net of expense waivers | 0.88 | % | 0.88 | % | 0.88 | % | 0.89 | %7 | 0.88 | %8 | ||||||||||
Expenses, prior to expense waivers | 0.88 | % | 0.88 | % | 0.88 | % | 0.89 | %7 | 0.88 | %8 | ||||||||||
Net investment income | 3.28 | % | 3.44 | % | 3.13 | % | 2.93 | % | 6.61 | %8 | ||||||||||
Portfolio turnover rate6 | 46 | % | 29 | % | 25 | % | 89 | % | 26 | % |
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 | Includes a reimbursement from the sub-advisor for operating losses on a creation that took place during the period when the NAV was understated. Excluding the reimbursement, total return would have been unchanged. |
4 | Includes interest expense of 0.01%, 0.01%, 0.01%, 0.01% and 0.01% for the fiscal years ended 2018, 2017, 2016, 2015 and 2014, respectively. |
5 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been unchanged. |
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. |
7 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.88%. |
8 | Annualized. |
9 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3). |
See Notes to Financial Statements.
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds | 93 |
Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2018, the Trust consisted of 80 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 Asia Pacific ex-Japan Fund (“Asia Pacific ex-Japan Fund’’) | June 16, 2006 | |||
WisdomTree China ex-State-Owned Enterprises Fund (“China ex-State-Owned Enterprises Fund’’) | September 19, 2012 | |||
WisdomTree Emerging Markets Consumer Growth Fund (“Emerging Markets Consumer Growth Fund’’) | September 27, 2013 | |||
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (“Emerging Markets ex-State-Owned Enterprises Fund’’) | December 10, 2014 | |||
WisdomTree Emerging Markets High Dividend Fund (“Emerging Markets High Dividend Fund’’) | July 13, 2007 | |||
WisdomTree Emerging Markets Quality Dividend Growth Fund (“Emerging Markets Quality Dividend Growth Fund’’) | August 1, 2013 | |||
WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund’’) | October 30, 2007 | |||
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (“Global ex-U.S. Quality Dividend Growth Fund’’) | June 16, 2006 | |||
WisdomTree Global ex-U.S. Real Estate Fund (“Global ex-U.S. Real Estate Fund’’) | June 5, 2007 | |||
WisdomTree Global High Dividend Fund (“Global High Dividend Fund’’) | June 16, 2006 | |||
WisdomTree India Earnings Fund (“India Earnings Fund’’) (consolidated) | February 22, 2008 | |||
WisdomTree Middle East Dividend Fund (“Middle East Dividend Fund’’) | July 16, 2008 |
The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius (“Mauritius”). The Portfolio was incorporated under the provisions of the Mauritius Companies Act, 2001 and holds a Global Business License Category 1 issued by the Financial Services Commission. The Portfolio is advised by WisdomTree Asset Management, Inc. (“WTAM”) and is sub-advised by BNY Mellon Asset Management North America Corporation (“BNY Mellon AMNA”).
Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). WisdomTree Investments is the parent company of 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. The securities in each Index are weighted based on earnings or earnings yield.
In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.
The following is a summary of significant accounting policies followed by the Funds:
Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Basis of Consolidation — The financial statements for the India Earnings Fund include the accounts of a wholly-owned and controlled Mauritius subsidiary (the “Subsidiary”). The Fund’s accompanying financial statements reflect the financial position and the results of operations on a consolidated basis with its Subsidiary. All intercompany accounts and transactions have been eliminated in the consolidation.
94 | WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds |
Table of Contents
Notes to Financial Statements (continued)
Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less), if any, 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. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time.
In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.
Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
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
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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 March 31, 2018 in valuing each Fund’s assets:
Asia Pacific ex-Japan Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 44,759,055 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 111,132 | — | — | |||||||||
Total | $ | 44,870,187 | $ | — | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 27 | — | |||||||||
Total - Net | $ | 44,870,187 | $ | 27 | $ | — | ||||||
China ex-State-Owned Enterprises Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Chemicals | $ | 1,700,836 | $ | — | $ | 1,073,879 | ** | |||||
Media | 570,570 | — | 366,970 | ** | ||||||||
Multiline Retail | — | — | 278,722 | ** | ||||||||
Real Estate Management & Development | 17,454,123 | — | 57,352 | ** | ||||||||
Semiconductors & Semiconductor Equipment | 1,642,783 | — | 0 | ** | ||||||||
Other* | 192,385,167 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 3,452,217 | — | |||||||||
Total | $ | 213,753,479 | $ | 3,452,217 | $ | 1,776,923 | ||||||
Unrealized Depreciation on Foreign Currency Contracts | — | — | — | |||||||||
Total - Net | $ | 213,753,479 | $ | 3,452,217 | $ | 1,776,923 | ||||||
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Emerging Markets Consumer Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 49,798,811 | $ | — | $ | — | ||||||
Warrants* | 607 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 594,206 | — | |||||||||
Total | $ | 49,799,418 | $ | 594,206 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 491 | — | |||||||||
Total - Net | $ | 49,799,418 | $ | 594,697 | $ | — | ||||||
Emerging Markets ex-State-Owned Enterprises Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
China | $ | 29,656,398 | $ | — | $ | 98,267 | ** | |||||
Other* | 62,665,433 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 243,090 | — | |||||||||
Total | $ | 92,321,831 | $ | 243,090 | $ | 98,267 | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 8,398 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (12,764 | ) | — | ||||||||
Total - Net | $ | 92,321,831 | $ | 238,724 | $ | 98,267 | ||||||
Emerging Markets High Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 2,207,281,202 | $ | — | $ | — | ||||||
Exchange-Traded Funds | 69,785,692 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 124,481,158 | — | |||||||||
Total | $ | 2,277,066,894 | $ | 124,481,158 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 16,636 | — | |||||||||
Total - Net | $ | 2,277,066,894 | $ | 124,497,794 | $ | — | ||||||
Emerging Markets Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 75,271,210 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 393,858 | — | |||||||||
Total | $ | 75,271,210 | $ | 393,858 | $ | — | ||||||
Emerging Markets SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
China | $ | 361,049,322 | $ | — | $ | 1 | ** | |||||
Hong Kong | 13,747,468 | — | 299,835 | ** | ||||||||
Thailand | 111,529,026 | — | 0 | ** | ||||||||
Other* | 1,250,723,784 | — | — | |||||||||
Warrants* | 11,778 | — | — | |||||||||
Exchange-Traded Fund | 134,566 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 21,429,989 | — | |||||||||
Total | $ | 1,737,195,944 | $ | 21,429,989 | $ | 299,836 | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 788 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (25 | ) | — | ||||||||
Total - Net | $ | 1,737,195,944 | $ | 21,430,752 | $ | 299,836 | ||||||
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Global ex-U.S. Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 70,454,741 | $ | — | $ | — | ||||||
Exchange-Traded Funds | 28,545 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,479,062 | — | |||||||||
Total | $ | 70,483,286 | $ | 1,479,062 | $ | — | ||||||
Global ex-U.S. Real Estate Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 106,923,195 | $ | — | $ | — | ||||||
Exchange-Traded Note | 72,065 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 2,072,327 | — | |||||||||
Total | $ | 106,995,260 | $ | 2,072,327 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 20 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (5 | ) | — | ||||||||
Total - Net | $ | 106,995,260 | $ | 2,072,342 | $ | — | ||||||
Global High Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 103,509,234 | $ | — | $ | — | ||||||
Exchange-Traded Note | 336,054 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 2,514,939 | — | |||||||||
Total | $ | 103,845,288 | $ | 2,514,939 | $ | — | ||||||
India Earnings Fund (consolidated) | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,686,636,848 | $ | — | $ | — | ||||||
Total | $ | 1,686,636,848 | $ | — | $ | — | ||||||
Middle East Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Kuwait | $ | 2,060,122 | $ | — | $ | 0 | ** | |||||
Other* | 12,795,203 | — | — | |||||||||
Rights* | 939 | — | — | |||||||||
Total | $ | 14,856,264 | $ | — | $ | 0 | ||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (1 | ) | — | ||||||||
Total - Net | $ | 14,856,264 | $ | (1 | ) | $ | 0 |
* | 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.
There were no transfers into or out of any fair value measurement levels during the fiscal year ended March 31, 2018.
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 during the year ended March 31, 2018 and open positions in such derivatives as of March 31, 2018 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. 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 March 31, 2018 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
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payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on page 103. At March 31, 2018, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.
As of March 31, 2018, 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 | ||||||||
Asia Pacific ex-Japan Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | 27 | Unrealized depreciation on foreign currency contracts | $ | — | ||||||
Emerging Markets Consumer Growth Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 491 | Unrealized depreciation on foreign currency contracts | — | ||||||||
Emerging Markets ex-State-Owned Enterprises Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 8,398 | Unrealized depreciation on foreign currency contracts | 12,764 | ||||||||
Emerging Markets High Dividend Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 16,636 | Unrealized depreciation on foreign currency contracts | — | ||||||||
Emerging Markets SmallCap Dividend Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 788 | Unrealized depreciation on foreign currency contracts | 25 | ||||||||
Global ex-U.S. Real Estate Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 20 | Unrealized depreciation on foreign currency contracts | 5 | ||||||||
Middle East Dividend Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | — | Unrealized depreciation on foreign currency contracts | 1 |
For the fiscal year ended March 31, 2018, 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 | ||||||
Asia Pacific ex-Japan Fund | ||||||||
Foreign exchange contracts | $ | (6,455 | ) | $ | 25 | |||
China ex-State-Owned Enterprises Fund | ||||||||
Foreign exchange contracts | 25,629 | — | ||||||
Emerging Markets Consumer Growth Fund | ||||||||
Foreign exchange contracts | (6,155 | ) | 331 | |||||
Emerging Markets ex-State-Owned Enterprises Fund | ||||||||
Foreign exchange contracts | (72,750 | ) | (4,419 | ) | ||||
Emerging Markets High Dividend Fund | ||||||||
Foreign exchange contracts | (93,954 | ) | (9,723 | ) | ||||
Emerging Markets Quality Dividend Growth Fund | ||||||||
Foreign exchange contracts | 51,427 | (2,353 | ) | |||||
Emerging Markets SmallCap Dividend Fund | ||||||||
Foreign exchange contracts | 130,647 | 37,046 | ||||||
Global ex-U.S. Quality Dividend Growth Fund | ||||||||
Foreign exchange contracts | 51,480 | (8,352 | ) | |||||
Global ex-U.S. Real Estate Fund | ||||||||
Foreign exchange contracts | (59,369 | ) | 18 | |||||
Global High Dividend Fund | ||||||||
Foreign exchange contracts | 1,521 | (554 | ) | |||||
India Earnings Fund (consolidated) | ||||||||
Foreign exchange contracts | (56,485 | ) | — |
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Fund | Amount of Realized Gain or (Loss) on Derivatives Recognized1 | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized2 | ||||||
Middle East Dividend Fund | ||||||||
Foreign exchange contracts | $ | (17,238 | ) | $ | (1 | ) |
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 |
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 |
During the fiscal year ended March 31, 2018, the volume of derivative activity (based on the average of month-end balances) for each Fund was as follows:
Average Notional | ||||||||
Fund | Foreign currency contracts (to deliver USD) | Foreign currency contracts (to receive USD) | ||||||
Asia Pacific ex-Japan Fund |
| |||||||
Foreign exchange contracts | $ | — | $ | 11,374 | ||||
China ex-State-Owned Enterprises Fund |
| |||||||
Foreign exchange contracts | 498,034 | 471,227 | ||||||
Emerging Markets Consumer Growth Fund |
| |||||||
Foreign exchange contracts | 11,144 | 6,865 | ||||||
Emerging Markets ex-State-Owned Enterprises Fund |
| |||||||
Foreign exchange contracts | 327,364 | 208,854 | ||||||
Emerging Markets High Dividend Fund |
| |||||||
Foreign exchange contracts | 1,325,520 | 689,199 | ||||||
Emerging Markets Quality Dividend Growth Fund |
| |||||||
Foreign exchange contracts | 17,794 | 38,958 | ||||||
Emerging Markets SmallCap Dividend Fund |
| |||||||
Foreign exchange contracts | 1,819,098 | 853,250 | ||||||
Global ex-U.S. Quality Dividend Growth Fund |
| |||||||
Foreign exchange contracts | 7,156 | 98,966 | ||||||
Global ex-U.S. Real Estate Fund |
| |||||||
Foreign exchange contracts | 7,539 | 18,533 | ||||||
Global High Dividend Fund |
| |||||||
Foreign exchange contracts | 22,141 | 9,051 | ||||||
India Earnings Fund (consolidated) |
| |||||||
Foreign exchange contracts | — | 226,445 | ||||||
Middle East Dividend Fund |
| |||||||
Foreign exchange contracts | 16,962 | 37,292 |
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
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Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, 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 related transactions and/or increase (decrease) in unrealized appreciation (depreciation) from 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, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and 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; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s 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% per annum 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 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 Funds utilized forward foreign currency contracts (‘‘Forward Contracts’’) primarily 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
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Notes to Financial Statements (continued)
Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.
Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.
Master Netting Arrangements — ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.
In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.
Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.
The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds 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.
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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 March 31, 2018, 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 | ||||||||||||||||||||||||||||||
Fund | Gross Amounts in the Statements of Assets and Liabilities | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net | Gross Amounts in Assets and Liabilities | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net | ||||||||||||||||||||||||||
Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | |||||||||||||||||||||||||||||
Asia Pacific ex-Japan Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | $ | 32,274 | $ | — | $ | (32,274 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Foreign Currency Contracts | 27 | — | — | 27 | — | — | — | — | ||||||||||||||||||||||||
China ex-State-Owned Enterprises Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 9,973,550 | — | (9,973,550 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Emerging Markets Consumer Growth Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 2,415,218 | — | (2,415,218 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 491 | — | — | 491 | — | — | — | — | ||||||||||||||||||||||||
Emerging Markets ex-State-Owned Enterprises Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 627,142 | — | (627,142 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 8,398 | (7,437 | ) | — | 961 | 12,764 | (7,437 | ) | — | 5,327 | ||||||||||||||||||||||
Emerging Markets High Dividend Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 251,027,428 | — | (251,027,428 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 16,636 | — | — | 16,636 | — | — | — | — | ||||||||||||||||||||||||
Emerging Markets Quality Dividend Growth Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 585,935 | — | (585,935 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Emerging Markets SmallCap Dividend Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 180,385,045 | — | (180,385,045 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 788 | (25 | ) | — | 763 | 25 | (25 | ) | — | — | ||||||||||||||||||||||
Global ex-U.S. Quality Dividend Growth Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 2,677,338 | — | (2,677,338 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Global ex-U.S. Real Estate Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 3,167,314 | — | (3,167,314 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 20 | (3 | ) | — | 17 | 5 | (3 | ) | — | 2 | ||||||||||||||||||||||
Global High Dividend Fund |
| |||||||||||||||||||||||||||||||
Securities Lending | 2,728,565 | — | (2,728,565 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Middle East Dividend Fund |
| |||||||||||||||||||||||||||||||
Foreign Currency Contracts | — | — | — | — | 1 | — | — | 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
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Notes to Financial Statements (continued)
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. The India Earnings Fund has filed an election to treat the Portfolio as a ‘‘pass-through’’ entity for tax purposes.
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 BNY Mellon AMNA to provide sub-advisory services to the Funds. BNY Mellon AMNA is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum 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 | |||||||||
Asia Pacific ex-Japan Fund | 0.48 | % | — | — | ||||||||
China ex-State-Owned Enterprises Fund | 0.63 | % | (0.31 | )%2 | July 31, 2018 | |||||||
Emerging Markets Consumer Growth Fund | 0.63 | % | (0.31 | )%3 | July 31, 2018 | |||||||
Emerging Markets ex-State-Owned Enterprises Fund | 0.58 | % | (0.26 | )%3 | July 31, 2018 | |||||||
Emerging Markets High Dividend Fund | 0.63 | % | — | — | ||||||||
Emerging Markets Quality Dividend Growth Fund | 0.63 | % | (0.31 | )%3 | July 31, 2018 | |||||||
Emerging Markets SmallCap Dividend Fund | 0.63 | % | — | — | ||||||||
Global ex-U.S. Quality Dividend Growth Fund | 0.58 | % | — | — | ||||||||
Global ex-U.S. Real Estate Fund | 0.58 | % | — | — | ||||||||
Global High Dividend Fund | 0.58 | % | — | — | ||||||||
India Earnings Fund (consolidated) | 0.83 | % | — | — | ||||||||
Middle East Dividend Fund | 0.88 | % | — | — |
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 the “Expense waivers” on the Statements of Operations. |
2 | Effective June 30, 2017. Prior to June 30, 2017, the Fund’s advisory fee waiver was 0.10% per annum based on average daily net assets. |
3 | Effective June 30, 2017. |
During the fiscal year ended March 31, 2018, the Middle East Dividend Fund received a reimbursement from BNY Mellon AMNA of $613 resulting from an operational error. The dollar amount of the reimbursement is shown in the Statements of Operations in “Net realized gain from payment by sub-advisor”.
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 in “Expense waivers”.
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Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year ended March 31, 2018 are as follows:
Fund | Value at 3/31/2017 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2018 | Dividend Income | |||||||||||||||||||||
Asia Pacific ex-Japan Fund |
| |||||||||||||||||||||||||||
Global ex-U.S. Real Estate Fund | $ | 60,238 | $ | 1,200,757 | $ | 1,164,011 | $ | 11,910 | $ | 2,238 | $ | 111,132 | $ | 21,383 | ||||||||||||||
Emerging Markets High Dividend Fund |
| |||||||||||||||||||||||||||
Global High Dividend Fund | $ | 1,690,659 | $ | 17,066,027 | $ | 16,162,836 | $ | 45,993 | $ | (22,530 | ) | $ | 2,617,313 | $ | 71,326 | |||||||||||||
India Earnings Fund | — | 35,889,489 | 2,147,871 | 88,015 | (290,976 | ) | 33,538,657 | 111,632 | ||||||||||||||||||||
Total | $ | 1,690,659 | $ | 52,955,516 | $ | 18,310,707 | $ | 134,008 | $ | (313,506 | ) | $ | 36,155,970 | $ | 182,958 | |||||||||||||
Emerging Markets SmallCap Dividend Fund |
| |||||||||||||||||||||||||||
Emerging Markets High Dividend Fund | $ | — | $ | 25,602,822 | $ | 25,396,390 | $ | (74,891 | ) | $ | 3,025 | $ | 134,566 | $ | 276,395 | |||||||||||||
Global ex-U.S. Quality Dividend Growth Fund | ||||||||||||||||||||||||||||
Emerging Markets High Dividend Fund | $ | 4,452 | $ | 431,276 | $ | 433,215 | $ | 8,795 | $ | 121 | $ | 11,429 | $ | 2,688 | ||||||||||||||
International Equity Fund | 6,664 | 645,856 | 646,260 | 10,973 | (117 | ) | 17,116 | 2,473 | ||||||||||||||||||||
Total | $ | 11,116 | $ | 1,077,132 | $ | 1,079,475 | $ | 19,768 | $ | 4 | $ | 28,545 | $ | 5,161 | ||||||||||||||
Global High Dividend Fund | ||||||||||||||||||||||||||||
International High Dividend Fund | $ | 45,756 | $ | 1,171,952 | $ | 1,202,558 | $ | (15,007 | ) | $ | (143 | ) | $ | — | $ | 11,482 | ||||||||||||
U.S. High Dividend Fund | 15,201 | 388,095 | 401,059 | (2,400 | ) | 163 | — | 1,670 | ||||||||||||||||||||
Total | $ | 60,957 | $ | 1,560,047 | $ | 1,603,617 | $ | (17,407 | ) | $ | 20 | $ | — | $ | 13,152 |
Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2018, 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 | |||||||||
China ex-State-Owned Enterprises Fund | 44 | $ | 3,881 | $ | 41 | |||||||
Emerging Markets ex-State-Owned Enterprises Fund | 935 | 30,238 | 111 | |||||||||
Emerging Markets High Dividend Fund | 19 | 909 | 5 | |||||||||
Emerging Markets SmallCap Dividend Fund | 310 | 16,752 | 250 | |||||||||
India Earnings Fund (consolidated) | 41 | 1,075 | 2 |
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2018, 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. The India Earnings Fund and Middle East Dividend Fund issue and redeem shares on a cash basis only as certain securities markets in which these Funds invest do not permit in-kind transfers of securities. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2018 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
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In-kind Capital Share Transactions | ||||||||||||||||
Fund | Purchases | Sales | Purchases | Sales | ||||||||||||
Asia Pacific ex-Japan Fund | $ | 11,938,568 | $ | 11,587,599 | $ | 4,181,563 | $ | 5,016,924 | ||||||||
China ex-State-Owned Enterprises Fund | 118,078,762 | 16,718,964 | 92,570,891 | — | ||||||||||||
Emerging Markets Consumer Growth Fund | 34,524,212 | 22,360,287 | 11,910,225 | 3,746,600 | ||||||||||||
Emerging Markets ex-State-Owned Enterprises Fund | 58,983,897 | 18,635,428 | 56,615,269 | 7,796,538 | ||||||||||||
Emerging Markets High Dividend Fund | 905,394,928 | 804,221,054 | 173,398,396 | 10,512,720 | ||||||||||||
Emerging Markets Quality Dividend Growth Fund | 51,646,141 | 38,821,771 | 10,228,440 | 5,030,470 | ||||||||||||
Emerging Markets SmallCap Dividend Fund | 861,069,840 | 672,066,777 | 201,349,842 | — | ||||||||||||
Global ex-U.S. Quality Dividend Growth Fund | 41,564,914 | 39,886,430 | 10,549,807 | — | ||||||||||||
Global ex-U.S. Real Estate Fund | 20,605,393 | 23,837,246 | 24,788,779 | 10,447,039 | ||||||||||||
Global High Dividend Fund | 21,578,215 | 20,870,646 | 11,386,061 | — | ||||||||||||
India Earnings Fund (consolidated) | 376,174,424 | 389,538,097 | — | — | ||||||||||||
Middle East Dividend Fund | 7,538,465 | 10,976,897 | — | — |
6. FEDERAL INCOME TAXES
At March 31, 2018, 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 | ||||||||||||
Asia Pacific ex-Japan Fund | $ | 40,456,061 | $ | 7,176,262 | $ | (2,762,136 | ) | $ | 4,414,126 | |||||||
China ex-State-Owned Enterprises Fund | 204,293,917 | 17,842,805 | (3,154,103 | ) | 14,688,702 | |||||||||||
Emerging Markets Consumer Growth Fund | 47,895,454 | 5,490,958 | (2,992,788 | ) | 2,498,170 | |||||||||||
Emerging Markets ex-State-Owned Enterprises Fund | 92,511,719 | 2,490,542 | (2,338,215 | ) | 152,327 | |||||||||||
Emerging Markets High Dividend Fund | 2,224,398,808 | 314,337,595 | (137,184,215 | ) | 177,153,380 | |||||||||||
Emerging Markets Quality Dividend Growth Fund | 66,783,674 | 12,218,291 | (3,336,897 | ) | 8,881,394 | |||||||||||
Emerging Markets SmallCap Dividend Fund | 1,507,937,186 | 309,270,093 | (58,280,747 | ) | 250,989,346 | |||||||||||
Global ex-U.S. Quality Dividend Growth Fund | 65,405,428 | 8,352,124 | (1,795,204 | ) | 6,556,920 | |||||||||||
Global ex-U.S. Real Estate Fund | 107,442,161 | 6,686,575 | (5,061,134 | ) | 1,625,441 | |||||||||||
Global High Dividend Fund | 101,503,364 | 10,719,897 | (5,863,034 | ) | 4,856,863 | |||||||||||
India Earnings Fund (consolidated) | 1,277,059,192 | 451,847,656 | (42,269,999 | ) | 409,577,657 | |||||||||||
Middle East Dividend Fund | 13,993,697 | 1,644,243 | (781,677 | ) | 862,566 |
At March 31, 2018, the components of accumulated earnings/(loss) on a tax-basis were as follows:
Fund | Undistributed Ordinary Income | Undistributed Capital and Other Losses | Net Unrealized Appreciation | Currency and Other Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/(Losses) | |||||||||||||||
Asia Pacific ex-Japan Fund | $ | 50,165 | $ | (11,147,544 | ) | $ | 4,414,126 | $ | (377 | ) | $ | (6,683,630 | ) | |||||||
China ex-State-Owned Enterprises Fund | — | (4,552,455 | ) | 14,688,702 | 1,904 | 10,138,151 | ||||||||||||||
Emerging Markets Consumer Growth Fund | 86,007 | (1,657,901 | ) | 2,498,170 | (37 | ) | 926,239 | |||||||||||||
Emerging Markets ex-State-Owned Enterprises Fund | 107,311 | (824,702 | ) | 152,327 | (148 | ) | (565,212 | ) | ||||||||||||
Emerging Markets High Dividend Fund | 4,537,666 | (1,207,866,886 | ) | 177,153,380 | (25,124 | ) | (1,026,200,964 | ) | ||||||||||||
Emerging Markets Quality Dividend Growth Fund | 90,123 | (6,722,768 | ) | 8,881,394 | (13,606 | ) | 2,235,143 | |||||||||||||
Emerging Markets SmallCap Dividend Fund | 4,079,773 | (338,597,343 | ) | 250,989,346 | (11,003 | ) | (83,539,227 | ) | ||||||||||||
Global ex-U.S. Quality Dividend Growth Fund | 258,693 | (11,710,514 | ) | 6,556,920 | 200 | (4,894,701 | ) | |||||||||||||
Global ex-U.S. Real Estate Fund | 1,643,412 | (18,163,106 | ) | 1,625,441 | (940 | ) | (14,895,193 | ) | ||||||||||||
Global High Dividend Fund | 301,601 | (7,973,130 | ) | 4,856,863 | 949 | (2,813,717 | ) | |||||||||||||
India Earnings Fund (consolidated) | 3,650,505 | (233,766,651 | ) | 409,577,657 | (17,873,123 | ) | 161,588,388 | |||||||||||||
Middle East Dividend Fund | 202,067 | (4,804,708 | ) | 862,566 | (17 | ) | (3,740,092 | ) |
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The tax character of distributions paid during the fiscal years ended March 31, 2018 and March 31, 2017, was as follows:
Year Ended March 31, 2018 | Year Ended March 31, 2017 | |||||||
Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Ordinary Income* | ||||||
Asia Pacific ex-Japan Fund | $ | 1,460,015 | $ | 1,518,023 | ||||
China ex-State-Owned Enterprises Fund | 175,236 | 111,000 | ||||||
Emerging Markets Consumer Growth Fund | 608,721 | 426,435 | ||||||
Emerging Markets ex-State-Owned Enterprises Fund | 125,650 | 30,710 | ||||||
Emerging Markets High Dividend Fund | 74,635,924 | 55,276,488 | ||||||
Emerging Markets Quality Dividend Growth Fund | 1,254,486 | 1,116,560 | ||||||
Emerging Markets SmallCap Dividend Fund | 39,444,335 | 32,344,872 | ||||||
Global ex-U.S. Quality Dividend Growth Fund | 1,055,807 | 1,603,328 | ||||||
Global ex-U.S. Real Estate Fund | 6,147,290 | 4,632,789 | ||||||
Global High Dividend Fund | 3,155,342 | 2,813,589 | ||||||
India Earnings Fund (consolidated) | 14,626,040 | 18,513,240 | ||||||
Middle East Dividend Fund | 417,266 | 903,368 |
* | Includes short-term capital gains, if any. |
At March 31, 2018, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
Fund | Capital Loss Available Through 2019 | Short-Term Post-Effective No Expiration | Long-Term Post-Effective No Expiration | Capital Loss Available Total | ||||||||||||
Asia Pacific ex-Japan Fund | $ | 2,148,087 | $ | 3,134,760 | $ | 5,864,697 | $ | 11,147,544 | ||||||||
China ex-State-Owned Enterprises Fund | — | 2,917,072 | 1,604,090 | 4,521,162 | ||||||||||||
Emerging Markets Consumer Growth Fund | — | 1,638,658 | 19,243 | 1,657,901 | ||||||||||||
Emerging Markets ex-State-Owned Enterprises Fund | — | 824,702 | — | 824,702 | ||||||||||||
Emerging Markets High Dividend Fund | 561,494 | 462,213,972 | 744,275,795 | 1,207,051,261 | ||||||||||||
Emerging Markets Quality Dividend Growth Fund | — | 5,027,875 | 1,694,893 | 6,722,768 | ||||||||||||
Emerging Markets SmallCap Dividend Fund | 4,882,951 | 211,459,833 | 122,254,559 | 338,597,343 | ||||||||||||
Global ex-U.S. Quality Dividend Growth Fund | — | 10,001,781 | 1,708,733 | 11,710,514 | ||||||||||||
Global ex-U.S. Real Estate Fund | 10,538,886 | 2,687,965 | 4,936,255 | 18,163,106 | ||||||||||||
Global High Dividend Fund | 807,956 | 4,204,549 | 2,960,625 | 7,973,130 | ||||||||||||
India Earnings Fund (consolidated) | 6,294,051 | 174,187,819 | 53,284,781 | 233,766,651 | ||||||||||||
Middle East Dividend Fund | 763,315 | 1,954,541 | 2,086,852 | 4,804,708 |
Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.
During the fiscal year ended March 31, 2018, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:
Fund | Late Year Ordinary Loss | Short-Term Post-October Capital Losses | Long-Term Post-October Capital Losses | |||||||||
Asia Pacific ex-Japan Fund | $ | — | $ | — | $ | — | ||||||
China ex-State-Owned Enterprises Fund | 31,293 | — | — | |||||||||
Emerging Markets Consumer Growth Fund | — | — | — | |||||||||
Emerging Markets ex-State-Owned Enterprises Fund | — | — | — | |||||||||
Emerging Markets High Dividend Fund | — | (278,300 | ) | 1,093,925 | ||||||||
Emerging Markets Quality Dividend Growth Fund | — | — | — | |||||||||
Emerging Markets SmallCap Dividend Fund | — | — | — | |||||||||
Global ex-U.S. Quality Dividend Growth Fund | — | — | — |
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Notes to Financial Statements (continued)
Fund | Late Year Ordinary Loss | Short-Term Post-October Capital Losses | Long-Term Post-October Capital Losses | |||||||||
Global ex-U.S. Real Estate Fund | $ | — | $ | — | $ | — | ||||||
Global High Dividend Fund | — | — | — | |||||||||
India Earnings Fund (consolidated) | — | — | — | |||||||||
Middle East Dividend Fund | — | — | — |
During the fiscal year ended March 31, 2018, the amount of capital loss carryforwards used to offset realized gains and the amount of capital loss carryforwards that expired unused are shown in the following table:
Fund | Expired Capital Loss Carryforward | Utilized Capital Loss Carryforward | ||||||
Asia Pacific ex-Japan Fund | $ | 11,545,171 | $ | 270,921 | ||||
China ex-State-Owned Enterprises Fund | — | — | ||||||
Emerging Markets Consumer Growth Fund | — | 933,478 | ||||||
Emerging Markets ex-State-Owned Enterprises Fund | — | — | ||||||
Emerging Markets High Dividend Fund | 32,150,807 | 48,226,090 | ||||||
Emerging Markets Quality Dividend Growth Fund | — | 1,124,073 | ||||||
Emerging Markets SmallCap Dividend Fund | 9,367,814 | 85,491,149 | ||||||
Global ex-U.S. Quality Dividend Growth Fund | 8,823,117 | 5,851,517 | ||||||
Global ex-U.S. Real Estate Fund | 23,011,711 | 5,648,939 | ||||||
Global High Dividend Fund | 15,414,669 | 3,202,602 | ||||||
India Earnings Fund (consolidated) | 7,978,486 | 48,909,125 | ||||||
Middle East Dividend Fund | 5,098,493 | — |
At March 31, 2018, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:
Fund | Undistributed Net Investment Income/(Loss) | Accumulated Net Realized Gain/(Loss) | Paid-in Capital | |||||||||
Asia Pacific ex-Japan Fund | $ | 3,643 | $ | 10,452,680 | $ | (10,456,323 | ) | |||||
China ex-State-Owned Enterprises Fund | 11,791 | (11,792 | ) | 1 | ||||||||
Emerging Markets Consumer Growth Fund | (36,559 | ) | (1,447,412 | ) | 1,483,971 | |||||||
Emerging Markets ex-State-Owned Enterprises Fund | 6,727 | (1,348,391 | ) | 1,341,664 | ||||||||
Emerging Markets High Dividend Fund | 100,323 | 30,649,233 | (30,749,556 | ) | ||||||||
Emerging Markets Quality Dividend Growth Fund | (83,176 | ) | (1,524,147 | ) | 1,607,323 | |||||||
Emerging Markets SmallCap Dividend Fund | 468,677 | 8,899,137 | (9,367,814 | ) | ||||||||
Global ex-U.S. Quality Dividend Growth Fund | (66,102 | ) | 8,889,269 | (8,823,167 | ) | |||||||
Global ex-U.S. Real Estate Fund | 1,043,570 | 20,790,822 | (21,834,392 | ) | ||||||||
Global High Dividend Fund | 19,235 | 15,394,987 | (15,414,222 | ) | ||||||||
India Earnings Fund (consolidated) | (215,216 | ) | 8,193,702 | (7,978,486 | ) | |||||||
Middle East Dividend Fund | (3,949 | ) | 5,102,440 | (5,098,491 | ) |
The differences are primarily due to redemptions-in-kind, foreign currency transactions, investments in passive foreign investment companies, investments in partnerships, expiration of capital loss carryforwards and foreign capital gain taxes.
GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year ended March 31, 2018, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2018, remains subject to examination by taxing authorities.
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Notes to Financial Statements (concluded)
7. MAURITIUS INCOME TAX
The Portfolio holds a tax residency certificate issued by the Mauritian Revenue authorities which entitles it to claim the benefits of the double taxation avoidance agreement entered between the Government of India and Mauritius (“tax treaty”). Since the India Earnings Fund makes its investments through the Portfolio, a wholly owned subsidiary organized in the Republic of Mauritius, this structure should permit the India Earnings Fund to benefit from the tax treaty. The Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the treaty’s applicability to entities such as the Portfolio.
The taxable profits derived from the worldwide income of the wholly owned subsidiary of the India Earnings Fund, i.e. the Portfolio, is subject to income tax at the rate of 15% in the Republic of Mauritius. As with all Mauritian tax residents, the Portfolio is entitled to a foreign tax credit (“FTC”) on its foreign sourced income. The FTC is based on the lower of the Mauritian tax or the foreign taxes incurred. Where documentary evidence is not available to substantiate the foreign taxes suffered, the FTC can be presumed to be 80% of the Mauritius tax on its foreign source income. The presumed FTC effectively reduces the Mauritian income tax rate on the foreign sourced income of the Portfolio to a maximum of 3%. Interest income on call and deposit accounts with Mauritian banks is exempt from tax, and there is no tax on capital gains in Mauritius. Prior to August 8, 2012, the Mauritius income tax was paid by the Portfolio, and thereafter, the Mauritius income tax was paid by WTAM.
On May 10, 2016, the Government of India and Mauritius announced the signing of a protocol amending the provisions of the tax treaty (“2016 Protocol”). The 2016 Protocol has become effective on April 1, 2017 in respect of income and gains received from India. The 2016 Protocol, inter alia, provides for capital gains arising on disposal of shares acquired by a company resident in Mauritius on or after April 1, 2017 to be taxed in India. However, investments in shares acquired up to March 31, 2017 are grandfathered, thus exempted from capital gains tax in India irrespective of the date of disposal. In addition, shares acquired from April 1, 2017 and disposed of by March 31, 2019 are taxable at a concessionary rate equivalent to 50% of the domestic tax rate prevailing in India provided the Mauritius company meets the prescribed limitation of benefits (“LOB”) clause. As such, the LOB Article denies the concessional 50% Indian capital gains tax rate benefit in respect of capital gains arising between April 1, 2017 and March 31, 2019, where the LOB conditions are not fulfilled.
Any shares acquired by the Portfolio after April 1, 2017 and transferred on or after April 1, 2019 are subject to the full rate of capital gains tax in India. The 2016 Protocol only amends the capital gains article in relation to the taxation of shares. As such, all other “securities” besides shares are subject to similar taxation principles, as they apply currently to the Portfolio.
This amendment will reduce the return to the India Earnings Fund on its investments made on or after April 1, 2017 and the return received by India Earnings Fund shareholders. For the fiscal year ended March 31, 2018, as disclosed in the Statements of Operations, the India Earnings Fund accrued a short-term capital gain tax on net unrealized short-term gains of $17,866,912 on shares acquired after April 1, 2017.
In March 2012, the Indian Finance Minister introduced a new chapter to the Indian Income Tax Act, 1961 (“IT Act”), which included certain General Anti-Avoidance Rules (“GAAR”). GAAR is applicable to financial years beginning on or after April 1, 2017. All investments made into India up-to April 1, 2017 are grandfathered and are exempt from the applicability of GAAR, irrespective of the date of exit of the investments. With effect from April 1, 2017, the investments made by the Portfolio would be subject to GAAR if benefit under the tax treaty is claimed by the Portfolio.
Reference to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.
8. DEMAND NOTE
During the fiscal year ended March 31, 2018, the India Earnings Fund had a demand note agreement with Bank of America, N.A. which allowed the Fund to borrow up to $400,000,000 until the stated maturity date of October 3, 2017. During the fiscal year ended March 31, 2018, to facilitate purchase transactions in connection with its annual portfolio rebalance, the Fund utilized the demand note and borrowed for a period of 6 days with an average outstanding loan balance of $198,766,667 and a weighted average interest rate of 3.47% per annum. Interest expense related to the loan for the fiscal year ended March 31, 2018 was $113,297. At March 31, 2018, the Fund did not have any outstanding demand note agreements or amounts.
9. ADDITIONAL INFORMATION
On February 1, 2018, the Finance Minister of India presented the 2018 Finance Bill to the Indian Parliament, which contained a proposal to reintroduce the long-term capital gains tax on capital gains arising from the transfer of listed equity shares, units of an equity-oriented mutual fund, or units of a business trust, which has been subject to securities transactions tax. Effective April 1, 2018, long-term capital gains exceeding 100,000 Indian rupees would be taxed at a rate of 10% plus applicable surcharge and education cess, however, capital gains accrued up to January 31, 2018 would be grandfathered and not subject to the long-term capital gains tax. The 2018 Finance Bill received the assent of the President of India on March 29, 2018 and thus became enacted law. As a result, the 2018 Finance Bill proposals, including the reintroduction of the long-term capital gains tax, came into effect from April 1, 2018.
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Report of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Trustees of WisdomTree Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of WisdomTree Trust (the “Trust”) (comprising WisdomTree Asia Pacific ex-Japan Fund, WisdomTree China ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets Consumer Growth Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets High Dividend Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree Global High Dividend Fund, WisdomTree India Earnings Fund (consolidated) and WisdomTree Middle East Dividend Fund (collectively referred to as the “Funds”)) including the schedules of investments, as of March 31, 2018, and the related statements of operations, and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds comprising WisdomTree Trust at March 31, 2018, the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.
Funds comprising the WisdomTree Trust | Statement of operations | Statements of changes in net assets | Financial highlights | |||
WisdomTree Asia Pacific ex-Japan Fund WisdomTree China ex-State-Owned Enterprises Fund WisdomTree Emerging Markets High Dividend Fund WisdomTree Emerging Markets SmallCap Dividend Fund WisdomTree Global ex-U.S. Quality Dividend Growth Fund WisdomTree Global ex-U.S. Real Estate Fund WisdomTree Global High Dividend Fund WisdomTree India Earnings Fund (consolidated) WisdomTree Middle East Dividend Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the five years in the period ended March 31, 2018 | |||
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the three years in the period ended March 31, 2018 and the period from December 10, 2014 (commencement of operations) through March 31, 2015 | |||
WisdomTree Emerging Markets Consumer Growth Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the four years in the period ended March 31, 2018 and the period from September 27, 2013 (commencement of operations) through March 31, 2014 | |||
WisdomTree Emerging Markets Quality Dividend Growth Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the four years in the period ended March 31, 2018 and the period from August 1, 2013 (commencement of operations) through March 31, 2014 |
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Report of Independent Registered Public Accounting Firm (concluded)
Basis for Opinion
These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2018, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more WisdomTree investment companies since 2006.
New York, NY
May 24, 2018
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Trustees and Officers Information (unaudited)
The Board of Trustees is responsible for overseeing the management and affairs of the Funds and the Trust. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.
The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.
Independent Trustees
Name and Year of Birth | Position(s) Held with | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other During the Past | ||||||
David G. Chrencik^ (1948) | Trustee, 2014- present | Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms). | 80 | Trustee, Vericimetry Funds (2011 to 2014); Director, Bennett Group of Funds (2011 to 2013); Trustee, del Rey Global Investors Funds (2011 to 2012). | ||||||
Joel Goldberg# (1945) | Trustee, 2012- present | Attorney, Of Counsel at Stroock & Stroock & Lavan LLP (“Stroock”) since 2015; Attorney, Partner at Stroock from 2010 to 2013; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010. | 80 | Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region). | ||||||
Toni Massaro† (1955) | Trustee, 2006- present | Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990. | 80 | None | ||||||
Melinda A. Raso Kirstein‡ (1955) | Trustee, 2014- present | Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management. | 80 | Associate Alumnae of Douglass College, Member of Investment Committee. | ||||||
Victor Ugolyn (1947) | Trustee, 2006- present; Chairman of the Board of Trustees, 2006-present | Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004. | 80 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016). |
* | As of March 31, 2018. |
^ | Chair of the Audit Committee. |
# | Chair of the Contracts Review Committee. |
† | Chair of the Governance, Nominating and Compliance Committee. |
‡ | Chair of the Investment Committee. |
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Trustees and Officers Information (unaudited) (concluded)
Interested Trustee and Officers
Name and Year of Birth | Position(s) Held with the Trust, Term of Office and Length of Time Served | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other During the Past | ||||||
Jonathan Steinberg** (1964) | Trustee, 2005- present President, 2005-present | President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2012; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2005. | 80 | Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. | ||||||
David Castano** (1971) | Treasurer, 2013- present | Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011. | 80 | None | ||||||
Terry Jane Feld** (1960) | Chief Compliance Officer, 2012- present | Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011. | 80 | None | ||||||
Ryan Louvar** (1972) | Secretary and Chief Legal Officer, 2013- present | General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013. | 80 | None | ||||||
Joanne Antico** (1975) | Assistant Secretary, 2018-present | Senior Investment Management Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016. | 80 | None | ||||||
Clint Martin** (1977) | Assistant Treasurer, 2015-present | Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co. | 80 | None |
* | As of March 31, 2018. |
** | Elected by and serves at the pleasure of the Board. |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year ended March 31, 2018, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2019.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2018, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
Fund | Qualified Dividend Income | |||
Asia Pacific ex-Japan Fund | $ | 863,699 | ||
China ex-State-Owned Enterprises Fund | 125,935 | |||
Emerging Markets Consumer Growth Fund | 584,481 | |||
Emerging Markets ex-State-Owned Enterprises Fund | 125,650 | |||
Emerging Markets High Dividend Fund | 53,288,722 | |||
Emerging Markets Quality Dividend Growth Fund | 845,885 | |||
Emerging Markets SmallCap Dividend Fund | 20,648,465 | |||
Global ex-U.S. Quality Dividend Growth Fund | 1,055,807 | |||
Global ex-U.S. Real Estate Fund | 868,754 | |||
Global High Dividend Fund | 3,099,065 | |||
India Earnings Fund (consolidated) | 14,626,040 | |||
Middle East Dividend Fund | 134,174 |
The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 31, 2018, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:
Fund | Gross Foreign Income | Foreign Taxes Paid | ||||||
Asia Pacific ex-Japan Fund | $ | 1,712,154 | $ | 136,357 | ||||
China ex-State-Owned Enterprises Fund | 238,546 | 9,212 | ||||||
Emerging Markets Consumer Growth Fund | 830,439 | 78,077 | ||||||
Emerging Markets ex-State-Owned Enterprises Fund | 334,805 | 42,935 | ||||||
Emerging Markets High Dividend Fund | 87,963,396 | 10,665,188 | ||||||
Emerging Markets Quality Dividend Growth Fund | 1,645,619 | 175,956 | ||||||
Emerging Markets SmallCap Dividend Fund | 47,678,092 | 5,544,491 | ||||||
Global ex-U.S. Quality Dividend Growth Fund | 1,617,600 | 142,576 | ||||||
Global ex-U.S. Real Estate Fund | 3,519,908 | 203,946 | ||||||
Global High Dividend Fund | — | — | ||||||
India Earnings Fund (consolidated) | — | — | ||||||
Middle East Dividend Fund | 709,111 | 24,596 |
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2018, that qualify for the 70% dividends received deduction for corporate shareholders:
Fund | Dividends-Received Deduction | |||
Asia Pacific ex-Japan Fund | — | |||
China ex-State-Owned Enterprises Fund | 7.26 | % | ||
Emerging Markets Consumer Growth Fund | — | |||
Emerging Markets ex-State-Owned Enterprises Fund | 0.28 | % | ||
Emerging Markets High Dividend Fund | 0.02 | % | ||
Emerging Markets Quality Dividend Growth Fund | — | |||
Emerging Markets SmallCap Dividend Fund | — | |||
Global ex-U.S. Quality Dividend Growth Fund | — | |||
Global ex-U.S. Real Estate Fund | — | |||
Global High Dividend Fund | 50.58 | % | ||
India Earnings Fund (consolidated) | — | |||
Middle East Dividend Fund | — |
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.
Frequency Distribution of Discounts & Premiums
Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.
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The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2018:
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 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 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 Equity Fund (DXJ)
WisdomTree Japan Hedged Financials Fund (DXJF)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets
WisdomTree Asia Pacific ex-Japan Fund (AXJL) |
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
WisdomTree Emerging Markets Dividend Fund (DVEM)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
WisdomTree Emerging Markets High Dividend Fund (DEM)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Global ex-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 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 Russell 2000 PutWrite Strategy Fund (RPUT)
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. Inflation protected securities do not eliminate risks associated with inflation or deflation. 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.
The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.
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
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)
WisdomTree Emerging Markets High Dividend Fund (DEM)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
WisdomTree Global High Dividend Fund (DEW)
WisdomTree India Earnings Fund (EPI)
WisdomTree Middle East Dividend Fund (GULF)
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.
WTGM-0797
Table of Contents
WisdomTree Trust
Domestic Equity Funds
Annual Report
March 31, 2018
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
(formerly, WisdomTree Dividend ex-Financials Fund)
WisdomTree U.S. Earnings 500 Fund (EPS)
(formerly, WisdomTree Earnings 500 Fund)
WisdomTree U.S. High Dividend Fund (DHS)
(formerly, WisdomTree High Dividend Fund)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
(formerly, WisdomTree LargeCap Dividend Fund)
WisdomTree U.S. MidCap Dividend Fund (DON)
(formerly, WisdomTree MidCap Dividend Fund)
WisdomTree U.S. MidCap Earnings Fund (EZM)
(formerly, WisdomTree MidCap Earnings Fund)
WisdomTree U.S. Multifactor Fund (USMF)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
(formerly, WisdomTree U.S. LargeCap Value Fund (EZY))
WisdomTree U.S. SmallCap Dividend Fund (DES)
(formerly, WisdomTree SmallCap Dividend Fund)
WisdomTree U.S. SmallCap Earnings Fund (EES)
(formerly, WisdomTree SmallCap Earnings Fund)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
WisdomTree U.S. Total Dividend Fund (DTD)
(formerly, WisdomTree Total Dividend Fund)
WisdomTree U.S. Total Earnings Fund (EXT)
(formerly, WisdomTree Total Earnings Fund)
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“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
Table of Contents
Management’s Discussion of Funds’ Performance (unaudited)
Market Environment Overview
The U.S. equity market, as measured by the S&P 500 Index, returned 13.99% for the 12-month period ended March 31, 2018 (the “period”). After bottoming in March of 2009, the S&P 500 Index has recorded nine straight years of gains. Measured from March 31, 2009 through March 31, 2018, the nine-year cumulative total return on the S&P 500 Index was 300.10%. This represents a substantial recovery in the equity markets as earnings and dividend levels have recently surpassed previous highs.
While the overall return for the period was positive, it was marked by multiple bouts of volatility. Since the U.S. election in November 2016, the S&P 500 Index has gained 26.93% on a cumulative basis, while the yield on the 10-year U.S. Treasury note has increased 0.88%. The market’s move higher has been characterized by improving corporate earnings, tailwinds from recently passed U.S. tax reform, and a strengthening U.S. economy. Hopes for deregulation have boosted expectations for the financial and healthcare sectors. Corporate earnings, share buybacks, and dividends continue to grow at meaningful rates. The unemployment rate in the U.S. has continued to decline while prices have remained steady. As a result, the Federal Reserve has continued to tighten policy. While risks of geopolitical instability remain, analysts remain hopeful that talks between President Trump and global leaders don’t generate unintended consequences. In the first quarter of 2018, volatility increased dramatically across most asset classes as fears of a potential trade war combined with concerns over the length of the recovery and market valuations.
WisdomTree Funds’ Performance Overview
The following table reflects the WisdomTree Funds’ performance versus their capitalization-weighted benchmark indexes:
Ticker | WisdomTree Fund | 1-Year NAV Return | Performance Benchmark | 1-Year Return | Difference | |||||||
DTN | WisdomTree U.S. Dividend ex-Financials Fund | 5.71% | Dow Jones U.S. Select Dividend Index | 8.25% | -2.54% | |||||||
EPS | WisdomTree U.S. Earnings 500 Fund | 13.49% | S&P 500 Index | 13.99% | -0.50% | |||||||
DHS | WisdomTree U.S. High Dividend Fund | 2.69% | Russell 1000 Value Index | 6.95% | -4.26% | |||||||
DLN | WisdomTree U.S. LargeCap Dividend Fund | 9.44% | S&P 500 Index | 13.99% | -4.55% | |||||||
DON | WisdomTree U.S. MidCap Dividend Fund | 7.30% | S&P MidCap 400 Index | 10.97% | -3.67% | |||||||
EZM | WisdomTree U.S. MidCap Earnings Fund | 10.77% | S&P MidCap 400 Index | 10.97% | -0.20% | |||||||
USMF | WisdomTree U.S. Multifactor Fund* | 13.90% | S&P 500 Index | 10.75% | 3.15% | |||||||
DGRW | WisdomTree U.S. Quality Dividend Growth Fund | 15.95% | NASDAQ U.S. Dividend Achievers Select Index | 14.63% | 1.32% | |||||||
QSY | WisdomTree U.S. Quality Shareholder Yield Fund | 16.77% | Russell 1000 Value Index | 6.95% | 9.82% | |||||||
DES | WisdomTree U.S. SmallCap Dividend Fund | 5.02% | Russell 2000 Index | 11.79% | -6.77% | |||||||
EES | WisdomTree U.S. SmallCap Earnings Fund | 12.09% | Russell 2000 Index | 11.79% | 0.30% | |||||||
DGRS | WisdomTree U.S. SmallCap Quality Dividend Growth Fund | 5.97% | Russell 2000 Index | 11.79% | -5.82% | |||||||
DTD | WisdomTree U.S. Total Dividend Fund | 8.76% | Russell 3000 Index | 13.81% | -5.05% | |||||||
EXT | WisdomTree U.S. Total Earnings Fund | 13.31% | Russell 3000 Index | 13.81% | -0.50% |
* | Since the Fund had less than one year of operating history, the returns shown are cumulative returns since the inception date of the Fund. |
WisdomTree Domestic Equity Funds | 1 |
Table of Contents
Management’s Discussion of Funds’ Performance
(unaudited) (continued)
The top-performing performance benchmark in the chart above was the NASDAQ U.S. Dividend Achievers Select Index, which is a measure of stocks of companies that have historically increased and paid dividends annually. Conversely, the Russell 1000 Value Index was the weakest performer. In general, growth tended to outperform value and large caps tended to outperform mid- and small-capitalization stocks during the period.
The majority of WisdomTree’s fundamentally-weighted Funds are designed to track indexes based on the dividend stream or earnings stream, respectively, generated by the companies included in the underlying WisdomTree Index. The dividend stream is defined as the sum of the dollar value of dividends indicated to be paid by each company. The earnings stream is defined as the total dollar level of earnings for all companies within each Index. There are two primary factors that drive performance differentials of the WisdomTree Funds and Indexes versus their performance benchmarks. The first is aggregate exposure to one or more sectors. The second is stock selection within each sector. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend or earnings stream.
6 of the sectors represented within the S&P 500 Index experienced positive performance over the period, with 4 of them generating double digit returns. The best-performing sectors over the period were the Information Technology (27.68%) and Financial (17.99%) sectors. The Information Technology sector was driven higher by robust earnings and the Financials sector was driven higher as U.S. interest rates climbed alongside greater growth prospects and economic improvement in the United States. Defensive sectors such as Consumer Staples and Telecommunications were the worst performing sectors as rising interest rates weighed on their performance.
The performance of most WisdomTree dividend-weighted Funds as compared to their performance benchmarks were mixed over the period. Historically, WisdomTree’s dividend-focused approaches have tended to tilt greater weight toward dividend-paying firms which results in a more value-oriented approach to investing. As a result, many of the dividend funds lagged their performance benchmarks. These results make sense given that dividend paying equities came under pressure with the rise in U.S. interest rates. The performance of most of the WisdomTree earnings-weighted Funds compared to their performance benchmarks was generally favorable over the period, in both total return and relative to their performance benchmarks. The WisdomTree earnings-weighted Funds track an underlying WisdomTree Index that focuses solely on generating exposure to the performance of companies that have generated positive profits on a cumulative basis leading up to the Index screening date. It makes sense that the earnings-weighted Funds outperformed in most cases given that the portfolios tend to be less tilted to value oriented sectors and as such, caught some growth tailwinds over the period.
The strongest relative performance measured versus the performance benchmarks came from the WisdomTree U.S. Quality Shareholder Yield Fund (QSY) (formerly, WisdomTree U.S. LargeCap Value Fund), a model-based actively managed fund, outperforming its performance benchmark by 9.82%. This was primarily driven by rules-based stock selection and sector tilts. The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) also saw outperformance of 1.32% over its performance benchmark with rules-based stock selection and a large overweight in the Information Technology sector again being major drivers of performance.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 18-19 for the list of index descriptions.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs.
2 | WisdomTree Domestic Equity Funds |
Table of Contents
Management’s Discussion of Funds’ Performance
(unaudited) (concluded)
Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.
WisdomTree Domestic Equity Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
(formerly, WisdomTree Dividend ex-Financials Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Energy | 15.0% | |||
Consumer Discretionary | 12.7% | |||
Utilities | 11.8% | |||
Information Technology | 11.6% | |||
Consumer Staples | 11.4% | |||
Health Care | 10.2% | |||
Industrials | 9.3% | |||
Materials | 9.0% | |||
Telecommunication Services | 8.6% | |||
Investment Company | 0.2% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
CenturyLink, Inc. | 5.0% | |||
Targa Resources Corp. | 3.0% | |||
ONEOK, Inc. | 2.3% | |||
AT&T, Inc. | 1.9% | |||
Target Corp. | 1.7% | |||
FirstEnergy Corp. | 1.6% | |||
Verizon Communications, Inc. | 1.6% | |||
Las Vegas Sands Corp. | 1.6% | |||
Ford Motor Co. | 1.6% | |||
Occidental Petroleum Corp. | 1.5% |
* | 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. Dividend ex-Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend ex-Financials Index.
The Fund returned 5.71% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Consumer Staples contributed negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 5.71 | % | 7.22 | % | 9.88 | % | 9.06 | % | 8.30 | % | ||||||||||
Fund Market Price Returns | 5.72 | % | 7.22 | % | 9.88 | % | 9.07 | % | 8.29 | % | ||||||||||
WisdomTree Dividend Top 100/U.S. Dividend ex-Financials Spliced Index2 | 6.11 | % | 7.67 | % | 10.31 | % | 9.52 | % | 8.71 | % | ||||||||||
Dow Jones U.S. Select Dividend IndexSM | 8.25 | % | 10.87 | % | 12.45 | % | 9.54 | % | 8.01 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
2 | WisdomTree Dividend Top 100 Index through May 7, 2009; WisdomTree U.S. Dividend ex-Financials Index thereafter. |
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 Domestic Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Earnings 500 Fund (EPS)
(formerly, WisdomTree Earnings 500 Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 23.9% | |||
Financials | 20.1% | |||
Health Care | 12.4% | |||
Consumer Discretionary | 11.3% | |||
Industrials | 10.0% | |||
Consumer Staples | 9.2% | |||
Energy | 3.1% | |||
Telecommunication Services | 3.0% | |||
Utilities | 2.8% | |||
Materials | 2.3% | |||
Real Estate | 1.7% | |||
Investment Company | 0.1% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Apple, Inc. | 4.8% | |||
JPMorgan Chase & Co. | 2.5% | |||
Microsoft Corp. | 2.5% | |||
Alphabet, Inc., Class A | 2.1% | |||
Bank of America Corp. | 2.0% | |||
Berkshire Hathaway, Inc., Class B | 1.9% | |||
Wells Fargo & Co. | 1.7% | |||
Intel Corp. | 1.7% | |||
Verizon Communications, Inc. | 1.5% | |||
Johnson & Johnson | 1.5% |
* | 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. Earnings 500 Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Earnings 500 Index.
The Fund returned 13.49% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed most negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 13.49 | % | 10.46 | % | 12.89 | % | 9.24 | % | 7.65 | % | ||||||||||
Fund Market Price Returns | 13.67 | % | 10.49 | % | 12.92 | % | 9.27 | % | 7.67 | % | ||||||||||
WisdomTree U.S. Earnings 500 Index | 13.85 | % | 10.77 | % | 13.21 | % | 9.55 | % | 7.97 | % | ||||||||||
S&P 500® Index | 13.99 | % | 10.78 | % | 13.31 | % | 9.49 | % | 7.82 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007. |
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 Domestic Equity Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. High Dividend Fund (DHS)
(formerly, WisdomTree High Dividend Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Staples | 13.9% | |||
Real Estate | 13.3% | |||
Health Care | 12.4% | |||
Energy | 12.2% | |||
Information Technology | 10.2% | |||
Utilities | 9.4% | |||
Telecommunication Services | 9.2% | |||
Financials | 6.7% | |||
Consumer Discretionary | 6.6% | |||
Industrials | 4.5% | |||
Materials | 1.0% | |||
Investment Company | 0.3% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Exxon Mobil Corp. | 4.7% | |||
AT&T, Inc. | 4.7% | |||
Verizon Communications, Inc. | 3.6% | |||
Johnson & Johnson | 3.3% | |||
Chevron Corp. | 3.1% | |||
Pfizer, Inc. | 3.0% | |||
Wells Fargo & Co. | 2.7% | |||
Cisco Systems, Inc. | 2.6% | |||
Philip Morris International, Inc. | 2.5% | |||
Intel Corp. | 2.5% |
* | 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. High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Dividend Index.
The Fund returned 2.69% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Information Technology. The Fund’s position in Real Estate contributed negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 2.69 | % | 7.46 | % | 9.42 | % | 7.57 | % | 6.51 | % | ||||||||||
Fund Market Price Returns | 2.65 | % | 7.44 | % | 9.40 | % | 7.56 | % | 6.51 | % | ||||||||||
WisdomTree U.S. High Dividend Index | 3.05 | % | 7.90 | % | 9.81 | % | 7.98 | % | 6.87 | % | ||||||||||
Russell 1000® Value Index | 6.95 | % | 7.88 | % | 10.78 | % | 7.78 | % | 7.16 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Domestic Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
(formerly, WisdomTree LargeCap Dividend Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 17.3% | |||
Financials | 13.8% | |||
Consumer Staples | 13.1% | |||
Health Care | 12.0% | |||
Industrials | 9.6% | |||
Consumer Discretionary | 8.4% | |||
Energy | 8.2% | |||
Telecommunication Services | 5.8% | |||
Utilities | 5.0% | |||
Real Estate | 4.1% | |||
Materials | 2.5% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Microsoft Corp. | 3.6% | |||
Apple, Inc. | 3.3% | |||
Exxon Mobil Corp. | 3.0% | |||
AT&T, Inc. | 3.0% | |||
Verizon Communications, Inc. | 2.3% | |||
Johnson & Johnson | 2.1% | |||
JPMorgan Chase & Co. | 2.1% | |||
Chevron Corp. | 2.0% | |||
Pfizer, Inc. | 1.9% | |||
Wells Fargo & Co. | 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 U.S. LargeCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Dividend Index.
The Fund returned 9.44% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed to a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 9.44 | % | 9.41 | % | 11.35 | % | 8.34 | % | 7.83 | % | ||||||||||
Fund Market Price Returns | 9.53 | % | 9.40 | % | 11.37 | % | 8.35 | % | 7.82 | % | ||||||||||
WisdomTree U.S. LargeCap Dividend Index | 9.79 | % | 9.75 | % | 11.67 | % | 8.77 | % | 8.19 | % | ||||||||||
S&P 500® Index | 13.99 | % | 10.78 | % | 13.31 | % | 9.49 | % | 8.82 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Domestic Equity Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. MidCap Dividend Fund (DON)
(formerly, WisdomTree MidCap Dividend Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 22.2% | |||
Real Estate | 15.4% | |||
Industrials | 15.1% | |||
Utilities | 10.7% | |||
Financials | 8.3% | |||
Materials | 8.0% | |||
Information Technology | 7.9% | |||
Energy | 6.7% | |||
Consumer Staples | 3.5% | |||
Health Care | 1.9% | |||
Investment Company | 0.0% | * | ||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
* | Represents less than 0.1%. |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Targa Resources Corp. | 2.0% | |||
Macy’s, Inc. | 1.4% | |||
Kohl’s Corp. | 1.3% | |||
Tapestry, Inc. | 1.3% | |||
W.W. Grainger, Inc. | 1.0% | |||
Helmerich & Payne, Inc. | 0.9% | |||
Gap, Inc. (The) | 0.9% | |||
AES Corp. | 0.9% | |||
Western Union Co. (The) | 0.8% | |||
Interpublic Group of Cos., Inc. (The) | 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 U.S. MidCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Dividend Index.
The Fund returned 7.30% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Consumer Discretionary contributed positively to performance while its position in Real Estate contributed most negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 7.30 | % | 8.79 | % | 12.31 | % | 11.09 | % | 9.39 | % | ||||||||||
Fund Market Price Returns | 7.30 | % | 8.75 | % | 12.28 | % | 11.09 | % | 9.43 | % | ||||||||||
WisdomTree U.S. MidCap Dividend Index | 7.67 | % | 9.22 | % | 12.68 | % | 11.44 | % | 9.50 | % | ||||||||||
S&P MidCap 400® Index | 10.97 | % | 8.96 | % | 11.97 | % | 10.90 | % | 9.86 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Domestic Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. MidCap Earnings Fund (EZM)
(formerly, WisdomTree MidCap Earnings Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 22.4% | |||
Industrials | 18.6% | |||
Financials | 16.2% | |||
Information Technology | 13.3% | |||
Real Estate | 8.7% | |||
Materials | 6.1% | |||
Health Care | 4.6% | |||
Utilities | 4.3% | |||
Consumer Staples | 3.5% | |||
Energy | 1.8% | |||
Investment Company | 0.2% | |||
Telecommunication Services | 0.1% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Park Hotels & Resorts, Inc. | 2.0% | |||
Discovery Communications, Inc., Class A | 0.9% | |||
Macy’s, Inc. | 0.9% | |||
Penn National Gaming, Inc. | 0.8% | |||
GCI Liberty, Inc., Class A | 0.8% | |||
First Data Corp., Class A | 0.7% | |||
JetBlue Airways Corp. | 0.6% | |||
United Therapeutics Corp. | 0.6% | |||
DST Systems, Inc. | 0.6% | |||
Foot Locker, Inc. | 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 U.S. MidCap Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Earnings Index.
The Fund returned 10.77% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Industrials positively contributed to performance while its position in Energy negatively impacted performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 10.77 | % | 7.77 | % | 11.87 | % | 12.17 | % | 9.33 | % | ||||||||||
Fund Market Price Returns | 10.64 | % | 7.74 | % | 11.87 | % | 12.17 | % | 9.34 | % | ||||||||||
WisdomTree U.S. MidCap Earnings Index | 11.18 | % | 8.11 | % | 12.18 | % | 12.49 | % | 9.58 | % | ||||||||||
S&P MidCap 400® Index | 10.97 | % | 8.96 | % | 11.97 | % | 10.90 | % | 8.85 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007. |
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 Domestic Equity Funds | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Multifactor Fund (USMF)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 24.2% | |||
Financials | 15.3% | |||
Health Care | 13.0% | |||
Consumer Discretionary | 12.7% | |||
Industrials | 11.2% | |||
Consumer Staples | 7.3% | |||
Energy | 5.8% | |||
Materials | 3.0% | |||
Real Estate | 2.9% | |||
Utilities | 2.7% | |||
Telecommunication Services | 1.8% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Aflac, Inc. | 1.2% | |||
Phillips 66 | 1.2% | |||
Torchmark Corp. | 1.2% | |||
W.R. Berkley Corp. | 1.2% | |||
Hanover Insurance Group, Inc. (The) | 1.2% | |||
Verizon Communications, Inc. | 1.2% | |||
First American Financial Corp. | 1.2% | |||
Broadridge Financial Solutions, Inc. | 1.2% | |||
Valero Energy Corp. | 1.2% | |||
Progressive Corp. (The) | 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 U.S. Multifactor Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor 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.
The Fund returned 13.90% at net asset value (“NAV”) from inception to March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Consumer Staples contributed most negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated June 26, 2017, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/18
Cumulative Total Return | ||||
Since Inception1 | ||||
Fund NAV Returns | 13.90 | % | ||
Fund Market Price Returns | 13.94 | % | ||
WisdomTree U.S. Multifactor Index | 13.87 | % | ||
S&P 500® Index | 10.75 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on June 29, 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.
10 | WisdomTree Domestic Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 21.0% | |||
Industrials | 18.6% | |||
Health Care | 17.0% | |||
Consumer Discretionary | 12.0% | |||
Consumer Staples | 11.2% | |||
Financials | 9.5% | |||
Energy | 6.4% | |||
Materials | 3.0% | |||
Real Estate | 0.7% | |||
Utilities | 0.5% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Exxon Mobil Corp. | 5.0% | |||
Johnson & Johnson | 4.6% | |||
Microsoft Corp. | 4.3% | |||
Apple, Inc. | 3.9% | |||
Wells Fargo & Co. | 3.8% | |||
AbbVie, Inc. | 2.5% | |||
Altria Group, Inc. | 2.4% | |||
Intel Corp. | 2.4% | |||
PepsiCo, Inc. | 2.4% | |||
Home Depot, Inc. (The) | 2.3% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Dividend Growth Index.
The Fund returned 15.95% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Energy contributed to a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 15.95 | % | 11.20 | % | 12.72 | % | ||||||
Fund Market Price Returns | 16.08 | % | 11.20 | % | 12.73 | % | ||||||
WisdomTree U.S. Quality Dividend Growth Index | 16.38 | % | 11.55 | % | 13.06 | % | ||||||
NASDAQ U.S. Dividend AchieversTM Select Index | 14.63 | % | 10.18 | % | 10.68 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on May 22, 2013. |
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 Domestic Equity Funds | 11 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
(formerly, WisdomTree U.S. LargeCap Value Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 21.7% | |||
Consumer Discretionary | 20.5% | |||
Industrials | 15.9% | |||
Financials | 14.4% | |||
Health Care | 10.7% | |||
Consumer Staples | 9.6% | |||
Materials | 4.4% | |||
Energy | 1.8% | |||
Telecommunication Services | 0.4% | |||
Utilities | 0.4% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Seagate Technology PLC | 1.6% | |||
Liberty Global PLC | 1.2% | |||
Worldpay, Inc., Class A | 1.2% | |||
CBS Corp., Class B Non-Voting Shares | 1.0% | |||
Assurant, Inc. | 1.0% | |||
American International Group, Inc. | 1.0% | |||
Conagra Brands, Inc. | 1.0% | |||
Express Scripts Holding Co. | 1.0% | |||
Allison Transmission Holdings, Inc. | 1.0% | |||
McKesson Corp. | 0.9% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Quality Shareholder Yield Fund (the ‘‘Fund’’) seeks income and capital appreciation. Prior to December 18, 2017, the Fund was named the WisdomTree U.S. LargeCap Value Fund and sought to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Value Index.
The Fund returned 16.77% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Telecommunication Services contributed to a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated December 18, 2017, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 16.77 | % | 8.39 | % | 12.11 | % | 8.17 | % | 6.23 | % | ||||||||||
Fund Market Price Returns | 16.75 | % | 8.37 | % | 12.12 | % | 8.18 | % | 6.24 | % | ||||||||||
Russell 1000® Value Index | 6.95 | % | 7.88 | % | 10.78 | % | 7.78 | % | 5.84 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007. |
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 Domestic Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. SmallCap Dividend Fund (DES)
(formerly, WisdomTree SmallCap Dividend Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Consumer Discretionary | 21.6% | |||
Industrials | 18.0% | |||
Real Estate | 13.3% | |||
Financials | 11.8% | |||
Materials | 7.6% | |||
Utilities | 6.7% | |||
Information Technology | 6.4% | |||
Consumer Staples | 5.7% | |||
Energy | 3.8% | |||
Telecommunication Services | 2.3% | |||
Health Care | 1.9% | |||
Investment Company | 0.5% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Vector Group Ltd. | 1.5% | |||
CVR Energy, Inc. | 1.2% | |||
Pitney Bowes, Inc. | 1.1% | |||
Pattern Energy Group, Inc., Class A | 1.0% | |||
Covanta Holding Corp. | 1.0% | |||
SemGroup Corp., Class A | 0.9% | |||
Tupperware Brands Corp. | 0.8% | |||
American Eagle Outfitters, Inc. | 0.8% | |||
GameStop Corp., Class A | 0.8% | |||
Uniti Group, Inc. | 0.8% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Dividend Index.
The Fund returned 5.02% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Real Estate contributed negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 5.02 | % | 7.76 | % | 10.77 | % | 9.67 | % | 7.98 | % | ||||||||||
Fund Market Price Returns | 5.05 | % | 7.71 | % | 10.73 | % | 9.66 | % | 7.97 | % | ||||||||||
WisdomTree U.S. SmallCap Dividend Index | 5.33 | % | 8.01 | % | 10.86 | % | 10.00 | % | 8.08 | % | ||||||||||
Russell 2000® Index | 11.79 | % | 8.39 | % | 11.47 | % | 9.84 | % | 8.42 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Domestic Equity Funds | 13 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. SmallCap Earnings Fund (EES)
(formerly, WisdomTree SmallCap Earnings Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Financials | 21.0% | |||
Consumer Discretionary | 20.1% | |||
Industrials | 19.6% | |||
Information Technology | 12.8% | |||
Health Care | 7.8% | |||
Materials | 5.8% | |||
Real Estate | 3.9% | |||
Energy | 3.6% | |||
Consumer Staples | 3.3% | |||
Utilities | 1.2% | |||
Telecommunication Services | 0.6% | |||
Investment Company | 0.1% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Match Group, Inc. | 1.9% | |||
Warrior Met Coal, Inc. | 1.3% | |||
EnPro Industries, Inc. | 1.3% | |||
KEMET Corp. | 1.1% | |||
Stone Energy Corp. | 1.1% | |||
Premier, Inc., Class A | 1.1% | |||
American Axle & Manufacturing Holdings, Inc. | 0.7% | |||
GameStop Corp., Class A | 0.7% | |||
Genworth Financial, Inc., Class A | 0.6% | |||
Callaway Golf Co. | 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 U.S. SmallCap Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Earnings Index.
The Fund returned 12.09% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Financials contributed the most to performance while its position in Consumer Staples contributed to a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 12.09 | % | 9.50 | % | 12.27 | % | 12.01 | % | 8.41 | % | ||||||||||
Fund Market Price Returns | 12.05 | % | 9.46 | % | 12.28 | % | 12.02 | % | 8.40 | % | ||||||||||
WisdomTree U.S. SmallCap Earnings Index | 12.34 | % | 9.69 | % | 12.43 | % | 12.12 | % | 8.53 | % | ||||||||||
Russell 2000® Index | 11.79 | % | 8.39 | % | 11.47 | % | 9.84 | % | 7.17 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007. |
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 Domestic Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Industrials | 26.2% | |||
Consumer Discretionary | 23.3% | |||
Financials | 15.8% | |||
Materials | 10.7% | |||
Information Technology | 6.5% | |||
Real Estate | 5.3% | |||
Utilities | 4.8% | |||
Consumer Staples | 4.1% | |||
Health Care | 2.1% | |||
Energy | 0.6% | |||
Telecommunication Services | 0.4% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
CoreCivic, Inc. | 2.0% | |||
Urban Edge Properties | 1.5% | |||
Compass Minerals International, Inc. | 1.5% | |||
American Eagle Outfitters, Inc. | 1.4% | |||
Tupperware Brands Corp. | 1.4% | |||
South Jersey Industries, Inc. | 1.3% | |||
Dine Brands Global, Inc. | 1.3% | |||
GATX Corp. | 1.2% | |||
Hope Bancorp, Inc. | 1.2% | |||
Community Bank System, Inc. | 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 U.S. SmallCap Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Quality Dividend Growth Index.
The Fund returned 5.97% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Real Estate contributed negatively to performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 5.97 | % | 6.76 | % | 9.22 | % | ||||||
Fund Market Price Returns | 5.89 | % | 6.71 | % | 9.19 | % | ||||||
WisdomTree U.S. SmallCap Quality Dividend Growth Index | 6.28 | % | 6.98 | % | 9.48 | % | ||||||
Russell 2000® Index | 11.79 | % | 8.39 | % | 9.78 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 25, 2013. |
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 Domestic Equity Funds | 15 |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Total Dividend Fund (DTD)
(formerly, WisdomTree Total Dividend Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 15.3% | |||
Financials | 14.4% | |||
Consumer Staples | 11.5% | |||
Health Care | 10.3% | |||
Industrials | 9.8% | |||
Consumer Discretionary | 9.5% | |||
Real Estate | 8.0% | |||
Energy | 7.6% | |||
Utilities | 5.3% | |||
Telecommunication Services | 5.0% | |||
Materials | 3.0% | |||
Investment Company | 0.0% | * | ||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% |
† | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
* | Represents less than 0.1%. |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Microsoft Corp. | 3.0% | |||
Apple, Inc. | 2.8% | |||
Exxon Mobil Corp. | 2.5% | |||
AT&T, Inc. | 2.5% | |||
Verizon Communications, Inc. | 1.9% | |||
Johnson & Johnson | 1.8% | |||
JPMorgan Chase & Co. | 1.7% | |||
Chevron Corp. | 1.7% | |||
Pfizer, Inc. | 1.6% | |||
Wells Fargo & Co. | 1.5% |
* | 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. Total Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend Index.
The Fund returned 8.76% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed to a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 8.76 | % | 9.21 | % | 11.39 | % | 8.68 | % | 8.00 | % | ||||||||||
Fund Market Price Returns | 8.90 | % | 9.18 | % | 11.41 | % | 8.70 | % | 7.99 | % | ||||||||||
WisdomTree U.S. Dividend Index | 9.05 | % | 9.53 | % | 11.69 | % | 9.12 | % | 8.41 | % | ||||||||||
Russell 3000® Index | 13.81 | % | 10.22 | % | 13.03 | % | 9.62 | % | 8.87 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
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 Domestic Equity Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree U.S. Total Earnings Fund (EXT)
(formerly, WisdomTree Total Earnings Fund)
Sector Breakdown† as of 3/31/18
Sector | % of Net Assets | |||
Information Technology | 22.5% | |||
Financials | 20.4% | |||
Consumer Discretionary | 12.4% | |||
Health Care | 11.5% | |||
Industrials | 10.8% | |||
Consumer Staples | 8.4% | |||
Energy | 2.9% | |||
Utilities | 2.9% | |||
Materials | 2.7% | |||
Real Estate | 2.7% | |||
Telecommunication Services | 2.6% | |||
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. |
‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/18
Description | % of Net Assets | |||
Apple, Inc. | 4.2% | |||
JPMorgan Chase & Co. | 2.2% | |||
Microsoft Corp. | 2.2% | |||
Alphabet, Inc., Class A | 1.8% | |||
Bank of America Corp. | 1.7% | |||
Berkshire Hathaway, Inc., Class B | 1.7% | |||
Wells Fargo & Co. | 1.5% | |||
Intel Corp. | 1.5% | |||
Johnson & Johnson | 1.3% | |||
Verizon Communications, Inc. | 1.3% |
* | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Total Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Earnings Index.
The Fund returned 13.31% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed to a drag on performance.
The following performance table is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2017, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/18
Average Annual Total Return | ||||||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns | 13.31 | % | 10.16 | % | 12.75 | % | 9.59 | % | 7.85 | % | ||||||||||
Fund Market Price Returns | 13.49 | % | 10.18 | % | 12.76 | % | 9.60 | % | 7.86 | % | ||||||||||
WisdomTree U.S. Earnings Index | 13.57 | % | 10.54 | % | 13.15 | % | 9.93 | % | 8.16 | % | ||||||||||
Russell 3000® Index | 13.81 | % | 10.22 | % | 13.03 | % | 9.62 | % | 7.81 | % |
1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007. |
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 Domestic Equity Funds | 17 |
Table of Contents
Description of Indexes (unaudited)
Below are descriptions of each Index referenced in this report:
The Dow Jones U.S. Select Dividend IndexSM is comprised of 100 U.S. dividend-paying companies.
The NASDAQ U.S. Dividend AchieversTM Select Index is a capitalization-weighted index that measures the performance of U.S. common stocks that have a history of increasing dividends for at least ten consecutive years.
The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.
The Russell 2000® Index is a capitalization-weighted index that is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.
The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.
The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by the Standard & Poor’s Index Committee, designed to represent the performance of the leading industries in the United States economy.
The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.
The WisdomTree Dividend Top 100 Index is comprised of the 100 highest dividend-yielding companies in the WisdomTree U.S. LargeCap Dividend Index.
The WisdomTree U.S. Dividend ex-Financials Index is comprised of high dividend-yielding stocks outside the Financials sector.
The WisdomTree U.S. Dividend Index defines the dividend-paying portion of the U.S. stock market.
The WisdomTree U.S. Earnings 500 Index is comprised of earnings-generating companies within the large-capitalization segment of the U.S. stock market.
The WisdomTree U.S. Earnings Index is comprised of earnings-generating companies within the broad U.S. stock market.
The WisdomTree U.S. High Dividend Index is comprised of companies with high dividend yields, selected from the WisdomTree U.S. Dividend Index.
The WisdomTree U.S. LargeCap Dividend Index is comprised of the large-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.
The WisdomTree U.S. MidCap Dividend Index is comprised of the mid-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.
The WisdomTree U.S. MidCap Earnings Index is comprised of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.
The WisdomTree U.S. Multifactor Index is comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.
The WisdomTree U.S. Quality Dividend Growth Index is comprised of dividend-paying stocks with growth characteristics.
The WisdomTree U.S. SmallCap Dividend Index is comprised of the small-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.
The WisdomTree U.S. SmallCap Earnings Index is comprised of earnings-generating companies within the small-capitalization segment of the U.S. stock market.
18 | WisdomTree Domestic Equity Funds |
Table of Contents
Description of Indexes (unaudited) (concluded)
The WisdomTree U.S. SmallCap Quality Dividend Growth Index is comprised of the small-capitalization segment of dividend-paying stocks with growth characteristics.
Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
The Dow Jones U.S. Select Dividend Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc., and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
WisdomTree Domestic Equity Funds | 19 |
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 October 1, 2017 to March 31, 2018.
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 10/1/17 to 3/31/18” 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.
20 | WisdomTree Domestic Equity Funds |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
Beginning Account Value 10/1/17 | Ending Account Value 3/31/18 | Annualized Expense Ratio Based on the Period 10/1/17 to 3/31/18 | Expenses Paid During the Period† 10/1/17 to 3/31/18 | |||||||||||||
WisdomTree U.S. Dividend ex-Financials Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,016.40 | 0.38 | % | $ | 1.91 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
WisdomTree U.S. Earnings 500 Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,051.70 | 0.28 | % | $ | 1.43 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
WisdomTree U.S. High Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 990.00 | 0.38 | % | $ | 1.89 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
WisdomTree U.S. LargeCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,031.20 | 0.28 | % | $ | 1.42 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
WisdomTree U.S. MidCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,034.60 | 0.38 | % | $ | 1.93 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
WisdomTree U.S. MidCap Earnings Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,044.50 | 0.38 | % | $ | 1.94 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
WisdomTree U.S. Multifactor Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,081.50 | 0.28 | % | $ | 1.45 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
WisdomTree U.S. Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,067.00 | 0.28 | % | $ | 1.44 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
WisdomTree U.S. Quality Shareholder Yield Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,071.40 | 0.38 | % | $ | 1.96 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
WisdomTree U.S. SmallCap Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 993.00 | 0.38 | % | $ | 1.89 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
WisdomTree U.S. SmallCap Earnings Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,027.10 | 0.38 | % | $ | 1.92 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,005.60 | 0.38 | % | $ | 1.90 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
WisdomTree U.S. Total Dividend Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,027.90 | 0.28 | % | $ | 1.42 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
WisdomTree U.S. Total Earnings Fund | ||||||||||||||||
Actual | $ | 1,000.00 | $ | 1,050.90 | 0.28 | % | $ | 1.43 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 |
† | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). |
WisdomTree Domestic Equity Funds | 21 |
Table of Contents
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
United States – 99.6% | ||||||||
Aerospace & Defense – 1.9% | ||||||||
Lockheed Martin Corp. | 23,878 | $ | 8,069,092 | |||||
United Technologies Corp. | 56,428 | 7,099,771 | ||||||
|
| |||||||
Total Aerospace & Defense | 15,168,863 | |||||||
Air Freight & Logistics – 0.9% | ||||||||
United Parcel Service, Inc. Class B | 68,705 | 7,190,665 | ||||||
Airlines – 0.9% | ||||||||
Delta Air Lines, Inc. | 129,607 | 7,103,760 | ||||||
Automobiles – 3.6% | ||||||||
Ford Motor Co. | 1,144,810 | 12,684,495 | ||||||
General Motors Co. | 252,609 | 9,179,811 | ||||||
Harley-Davidson, Inc.(a) | 170,707 | 7,319,916 | ||||||
|
| |||||||
Total Automobiles | 29,184,222 | |||||||
Beverages – 1.2% | ||||||||
Coca-Cola Co. (The) | 215,039 | 9,339,144 | ||||||
Biotechnology – 3.1% | ||||||||
AbbVie, Inc. | 92,006 | 8,708,368 | ||||||
Amgen, Inc. | 44,878 | 7,650,801 | ||||||
Gilead Sciences, Inc. | 112,612 | 8,489,819 | ||||||
|
| |||||||
Total Biotechnology | 24,848,988 | |||||||
Chemicals – 5.0% | ||||||||
Air Products & Chemicals, Inc. | 43,607 | 6,934,821 | ||||||
CF Industries Holdings, Inc. | 245,055 | 9,245,925 | ||||||
DowDuPont, Inc. | 90,032 | 5,735,939 | ||||||
Eastman Chemical Co. | 72,175 | 7,620,237 | ||||||
Monsanto Co. | 46,877 | 5,470,077 | ||||||
Praxair, Inc. | 40,770 | 5,883,111 | ||||||
|
| |||||||
Total Chemicals | 40,890,110 | |||||||
Communications Equipment – 1.3% | ||||||||
Cisco Systems, Inc. | 248,830 | 10,672,319 | ||||||
Containers & Packaging – 2.9% | ||||||||
International Paper Co. | 177,701 | 9,494,565 | ||||||
Packaging Corp. of America | 54,131 | 6,100,564 | ||||||
WestRock Co. | 128,573 | 8,250,529 | ||||||
|
| |||||||
Total Containers & Packaging | 23,845,658 | |||||||
Diversified Telecommunication Services – 8.6% | ||||||||
AT&T, Inc. | 441,734 | 15,747,817 | ||||||
CenturyLink, Inc. | 2,462,258 | 40,454,899 | ||||||
Verizon Communications, Inc. | 273,409 | 13,074,418 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 69,277,134 | |||||||
Electric Utilities – 8.3% | ||||||||
Avangrid, Inc. | 188,217 | 9,621,653 | ||||||
Duke Energy Corp. | 136,595 | 10,582,015 | ||||||
Entergy Corp. | 147,566 | 11,625,249 | ||||||
FirstEnergy Corp. | 386,455 | 13,143,335 | ||||||
PPL Corp. | 375,367 | 10,619,132 | ||||||
Southern Co. (The) | 266,958 | 11,922,344 | ||||||
|
| |||||||
Total Electric Utilities | 67,513,728 | |||||||
Electrical Equipment – 1.1% | ||||||||
Emerson Electric Co. | 135,509 | 9,255,265 | ||||||
Food Products – 4.4% | ||||||||
Archer-Daniels-Midland Co. | 232,311 | 10,075,328 | ||||||
General Mills, Inc. | 186,410 | 8,399,635 | ||||||
Kellogg Co. | 147,421 | 9,583,839 | ||||||
Kraft Heinz Co. (The) | 117,620 | 7,326,550 | ||||||
|
| |||||||
Total Food Products | 35,385,352 | |||||||
Health Care Equipment & Supplies – 0.8% | ||||||||
Abbott Laboratories | 103,906 | 6,226,048 | ||||||
Health Care Providers & Services – 1.2% | ||||||||
Cardinal Health, Inc. | 159,853 | 10,019,586 | ||||||
Hotels, Restaurants & Leisure – 2.7% | ||||||||
Darden Restaurants, Inc. | 103,905 | 8,857,901 | ||||||
Las Vegas Sands Corp. | 180,408 | 12,971,335 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 21,829,236 | |||||||
Household Durables – 0.9% | ||||||||
Newell Brands, Inc. | 288,292 | 7,345,680 | ||||||
Household Products – 2.1% | ||||||||
Kimberly-Clark Corp. | 81,038 | 8,924,715 | ||||||
Procter & Gamble Co. (The) | 102,069 | 8,092,030 | ||||||
|
| |||||||
Total Household Products | 17,016,745 | |||||||
Industrial Conglomerates – 0.7% | ||||||||
General Electric Co. | 445,332 | 6,003,075 | ||||||
IT Services – 3.7% | ||||||||
International Business Machines Corp. | 75,827 | 11,634,137 | ||||||
Paychex, Inc. | 129,302 | 7,963,710 | ||||||
Western Union Co. (The) | 552,356 | 10,621,806 | ||||||
|
| |||||||
Total IT Services | 30,219,653 | |||||||
Machinery – 1.8% | ||||||||
Caterpillar, Inc. | 46,278 | 6,820,452 | ||||||
Cummins, Inc. | 45,421 | 7,362,290 | ||||||
|
| |||||||
Total Machinery | 14,182,742 | |||||||
Media – 1.2% | ||||||||
Omnicom Group, Inc. | 137,346 | 9,980,934 | ||||||
Metals & Mining – 1.0% | ||||||||
Nucor Corp. | 132,014 | 8,064,735 | ||||||
Multi-Utilities – 3.5% | ||||||||
CenterPoint Energy, Inc. | 371,593 | 10,181,648 | ||||||
Dominion Energy, Inc. | 131,107 | 8,840,545 | ||||||
Public Service Enterprise Group, Inc. | 188,112 | 9,450,747 | ||||||
|
| |||||||
Total Multi-Utilities | 28,472,940 | |||||||
Multiline Retail – 1.7% | ||||||||
Target Corp. | 203,192 | 14,107,621 | ||||||
Oil, Gas & Consumable Fuels – 15.0% | ||||||||
Chevron Corp. | 91,213 | 10,401,931 | ||||||
Exxon Mobil Corp. | 134,608 | 10,043,103 | ||||||
Kinder Morgan, Inc. | 490,120 | 7,381,207 | ||||||
Marathon Petroleum Corp. | 118,679 | 8,676,622 |
See Notes to Financial Statements.
22 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
March 31, 2018
Investments | Shares | Value | ||||||
Occidental Petroleum Corp. | 191,089 | $ | 12,413,141 | |||||
ONEOK, Inc. | 326,166 | 18,565,369 | ||||||
Phillips 66 | 86,607 | 8,307,343 | ||||||
Targa Resources Corp. | 556,678 | 24,493,832 | ||||||
Valero Energy Corp. | 112,475 | 10,434,306 | ||||||
Williams Cos., Inc. (The) | 435,848 | 10,835,181 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 121,552,035 | |||||||
Personal Products – 1.1% | ||||||||
Coty, Inc. Class A | 490,336 | 8,973,149 | ||||||
Pharmaceuticals – 5.1% | ||||||||
Bristol-Myers Squibb Co. | 118,973 | 7,525,042 | ||||||
Eli Lilly & Co. | 85,517 | 6,616,450 | ||||||
Johnson & Johnson | 51,617 | 6,614,719 | ||||||
Merck & Co., Inc. | 188,085 | 10,244,990 | ||||||
Pfizer, Inc. | 297,568 | 10,560,688 | ||||||
|
| |||||||
Total Pharmaceuticals | 41,561,889 | |||||||
Semiconductors & Semiconductor Equipment – 3.3% | ||||||||
Maxim Integrated Products, Inc. | 159,390 | 9,598,466 | ||||||
QUALCOMM, Inc. | 160,712 | 8,905,052 | ||||||
Texas Instruments, Inc. | 78,149 | 8,118,899 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 26,622,417 | |||||||
Software – 1.2% | ||||||||
CA, Inc. | 277,194 | 9,396,877 | ||||||
Specialty Retail – 1.1% | ||||||||
L Brands, Inc. | 224,735 | 8,587,124 | ||||||
Technology Hardware, Storage & Peripherals – 2.1% | ||||||||
HP, Inc. | 370,779 | 8,127,476 | ||||||
Western Digital Corp. | 93,608 | 8,637,210 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 16,764,686 | |||||||
Textiles, Apparel & Luxury Goods – 1.5% | ||||||||
Tapestry, Inc. | 230,823 | 12,143,598 | ||||||
Tobacco – 2.7% | ||||||||
Altria Group, Inc. | 163,906 | 10,214,622 | ||||||
Philip Morris International, Inc. | 117,717 | 11,701,070 | ||||||
|
| |||||||
Total Tobacco | 21,915,692 | |||||||
Trading Companies & Distributors – 2.0% | ||||||||
Fastenal Co. | 136,464 | 7,449,570 | ||||||
W.W. Grainger, Inc. | 31,050 | 8,764,483 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 16,214,053 | |||||||
TOTAL COMMON STOCKS (Cost: $764,461,885) | 806,875,723 | |||||||
EXCHANGE-TRADED FUNDS – 0.2% | ||||||||
United States – 0.2% | ||||||||
WisdomTree U.S. LargeCap Dividend Fund(b) | 10,300 | 911,447 | ||||||
WisdomTree U.S. MidCap Dividend Fund(b) | 26,869 | 916,770 | ||||||
|
| |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost: $1,810,853) | 1,828,217 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% | ||||||||
United States – 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) (Cost: $1,620,500)(d) | 1,620,500 | 1,620,500 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.0% (Cost: $767,893,238) | 810,324,440 | |||||||
Other Assets less Liabilities – 0.0% | 185,266 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 810,509,706 |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $1,605,427 and the total market value of the collateral held by the Fund was $1,637,801. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $17,301. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 23 |
Table of Contents
Schedule of Investments
WisdomTree U.S. Earnings 500 Fund (EPS)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
United States – 99.8% | ||||||||
Aerospace & Defense – 3.0% | ||||||||
Boeing Co. (The) | 4,291 | $ | 1,406,933 | |||||
General Dynamics Corp. | 2,818 | 622,496 | ||||||
Harris Corp. | 838 | 135,153 | ||||||
Huntington Ingalls Industries, Inc. | 467 | 120,374 | ||||||
L3 Technologies, Inc. | 695 | 144,560 | ||||||
Lockheed Martin Corp. | 2,094 | 707,625 | ||||||
Northrop Grumman Corp. | 1,428 | 498,543 | ||||||
Raytheon Co. | 2,120 | 457,538 | ||||||
Rockwell Collins, Inc. | 977 | 131,749 | ||||||
Spirit AeroSystems Holdings, Inc. Class A | 757 | 63,361 | ||||||
Textron, Inc. | 2,146 | 126,550 | ||||||
TransDigm Group, Inc. | 328 | 100,676 | ||||||
United Technologies Corp. | 7,762 | 976,615 | ||||||
|
| |||||||
Total Aerospace & Defense | 5,492,173 | |||||||
Air Freight & Logistics – 0.7% | ||||||||
C.H. Robinson Worldwide, Inc. | 997 | 93,429 | ||||||
Expeditors International of Washington, Inc. | 1,338 | 84,695 | ||||||
FedEx Corp. | 2,224 | 534,005 | ||||||
United Parcel Service, Inc. Class B | 5,484 | 573,955 | ||||||
XPO Logistics, Inc.* | 339 | 34,514 | ||||||
|
| |||||||
Total Air Freight & Logistics | 1,320,598 | |||||||
Airlines – 1.0% | ||||||||
Alaska Air Group, Inc. | 2,000 | 123,920 | ||||||
American Airlines Group, Inc. | 7,050 | 366,318 | ||||||
Delta Air Lines, Inc. | 12,465 | 683,207 | ||||||
Southwest Airlines Co. | 6,180 | 353,990 | ||||||
United Continental Holdings, Inc.* | 5,646 | 392,228 | ||||||
|
| |||||||
Total Airlines | 1,919,663 | |||||||
Auto Components – 0.2% | ||||||||
BorgWarner, Inc. | 1,050 | 52,742 | ||||||
Goodyear Tire & Rubber Co. (The) | 5,706 | 151,665 | ||||||
Lear Corp. | 1,189 | 221,261 | ||||||
|
| |||||||
Total Auto Components | 425,668 | |||||||
Automobiles – 1.1% | ||||||||
Ford Motor Co. | 64,240 | 711,779 | ||||||
General Motors Co. | 30,808 | 1,119,563 | ||||||
Harley-Davidson, Inc.(a) | 2,064 | 88,504 | ||||||
Thor Industries, Inc. | 499 | 57,470 | ||||||
|
| |||||||
Total Automobiles | 1,977,316 | |||||||
Banks – 9.9% | ||||||||
Bank of America Corp. | 121,689 | 3,649,453 | ||||||
BB&T Corp. | 8,042 | 418,506 | ||||||
Citigroup, Inc. | 34,557 | 2,332,597 | ||||||
Citizens Financial Group, Inc. | 5,461 | 229,253 | ||||||
Comerica, Inc. | 1,673 | 160,491 | ||||||
East West Bancorp, Inc. | 1,559 | 97,500 | ||||||
Fifth Third Bancorp | 11,900 | 377,825 | ||||||
First Republic Bank | 1,326 | 122,801 | ||||||
Huntington Bancshares, Inc. | 10,860 | 163,986 | ||||||
JPMorgan Chase & Co. | 42,118 | 4,631,716 | ||||||
KeyCorp | 11,427 | 223,398 | ||||||
M&T Bank Corp. | 1,418 | 261,422 | ||||||
PNC Financial Services Group, Inc. (The) | 5,127 | 775,407 | ||||||
Regions Financial Corp. | 12,539 | 232,975 | ||||||
SunTrust Banks, Inc. | 5,419 | 368,709 | ||||||
SVB Financial Group* | 368 | 88,324 | ||||||
U.S. Bancorp | 18,918 | 955,359 | ||||||
Wells Fargo & Co. | 60,420 | 3,166,612 | ||||||
Zions Bancorp | 1,962 | 103,456 | ||||||
|
| |||||||
Total Banks | 18,359,790 | |||||||
Beverages – 1.7% | ||||||||
Brown-Forman Corp. Class B | 2,463 | 133,987 | ||||||
Coca-Cola Co. (The) | 18,443 | 800,979 | ||||||
Constellation Brands, Inc. Class A | 1,511 | 344,387 | ||||||
Dr. Pepper Snapple Group, Inc. | 1,453 | 172,006 | ||||||
Molson Coors Brewing Co. Class B | 5,850 | 440,681 | ||||||
Monster Beverage Corp.* | 2,332 | 133,414 | ||||||
PepsiCo, Inc. | 10,979 | 1,198,358 | ||||||
|
| |||||||
Total Beverages | 3,223,812 | |||||||
Biotechnology – 3.4% | ||||||||
AbbVie, Inc. | 12,777 | 1,209,343 | ||||||
Alexion Pharmaceuticals, Inc.* | 801 | 89,279 | ||||||
Amgen, Inc. | 8,546 | 1,456,922 | ||||||
Biogen, Inc.* | 2,162 | 591,999 | ||||||
Celgene Corp.* | 6,363 | 567,643 | ||||||
Exelixis, Inc.* | 951 | 21,065 | ||||||
Gilead Sciences, Inc. | 28,653 | 2,160,150 | ||||||
Regeneron Pharmaceuticals, Inc.* | 610 | 210,060 | ||||||
Vertex Pharmaceuticals, Inc.* | 236 | 38,463 | ||||||
|
| |||||||
Total Biotechnology | 6,344,924 | |||||||
Building Products – 0.2% | ||||||||
A.O. Smith Corp. | 1,015 | 64,544 | ||||||
Fortune Brands Home & Security, Inc. | 1,189 | 70,020 | ||||||
Lennox International, Inc. | 288 | 58,859 | ||||||
Masco Corp. | 2,291 | 92,648 | ||||||
Owens Corning | 723 | 58,129 | ||||||
|
| |||||||
Total Building Products | 344,200 | |||||||
Capital Markets – 4.3% | ||||||||
Affiliated Managers Group, Inc. | 497 | 94,221 | ||||||
Ameriprise Financial, Inc. | 1,822 | 269,547 | ||||||
Bank of New York Mellon Corp. (The) | 11,900 | 613,207 | ||||||
BlackRock, Inc. | 1,249 | 676,608 | ||||||
CBOE Global Markets, Inc. | 257 | 29,324 | ||||||
Charles Schwab Corp. (The) | 7,470 | 390,083 | ||||||
CME Group, Inc. | 1,813 | 293,235 | ||||||
E*TRADE Financial Corp.* | 2,185 | 121,071 | ||||||
FactSet Research Systems, Inc. | 245 | 48,858 | ||||||
Franklin Resources, Inc. | 6,949 | 240,991 | ||||||
Goldman Sachs Group, Inc. (The) | 5,840 | 1,470,862 | ||||||
Intercontinental Exchange, Inc. | 4,217 | 305,817 | ||||||
Moody’s Corp. | 1,492 | 240,660 |
See Notes to Financial Statements.
24 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Earnings 500 Fund (EPS)
March 31, 2018
Investments | Shares | Value | ||||||
Morgan Stanley | 23,107 | $ | 1,246,854 | |||||
MSCI, Inc. | 463 | 69,205 | ||||||
Nasdaq, Inc. | 1,460 | 125,881 | ||||||
Northern Trust Corp. | 1,933 | 199,350 | ||||||
Raymond James Financial, Inc. | 1,456 | 130,181 | ||||||
S&P Global, Inc. | 1,946 | 371,803 | ||||||
SEI Investments Co. | 1,050 | 78,655 | ||||||
State Street Corp. | 4,137 | 412,583 | ||||||
T. Rowe Price Group, Inc. | 2,426 | 261,935 | ||||||
TD Ameritrade Holding Corp. | 3,070 | 181,836 | ||||||
|
| |||||||
Total Capital Markets | 7,872,767 | |||||||
Chemicals – 1.6% | ||||||||
Air Products & Chemicals, Inc. | 1,479 | 235,205 | ||||||
Albemarle Corp. | 464 | 43,031 | ||||||
Celanese Corp. Series A | 1,373 | 137,588 | ||||||
Chemours Co. (The) | 1,072 | 52,217 | ||||||
DowDuPont, Inc. | 7,819 | 498,148 | ||||||
Eastman Chemical Co. | 1,979 | 208,943 | ||||||
Ecolab, Inc. | 1,750 | 239,873 | ||||||
FMC Corp. | 383 | 29,326 | ||||||
Huntsman Corp. | 2,462 | 72,014 | ||||||
International Flavors & Fragrances, Inc. | 527 | 72,152 | ||||||
Monsanto Co. | 3,524 | 411,216 | ||||||
Mosaic Co. (The) | 2,532 | 61,477 | ||||||
PPG Industries, Inc. | 2,029 | 226,436 | ||||||
Praxair, Inc. | 1,972 | 284,560 | ||||||
Sherwin-Williams Co. (The) | 507 | 198,805 | ||||||
Westlake Chemical Corp. | 1,119 | 124,377 | ||||||
|
| |||||||
Total Chemicals | 2,895,368 | |||||||
Commercial Services & Supplies – 0.3% | ||||||||
Cintas Corp. | 568 | 96,889 | ||||||
Copart, Inc.* | 1,225 | 62,389 | ||||||
Republic Services, Inc. | 2,226 | 147,428 | ||||||
Rollins, Inc. | 731 | 37,303 | ||||||
Waste Management, Inc. | 2,962 | 249,164 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 593,173 | |||||||
Communications Equipment – 1.3% | ||||||||
Arista Networks, Inc.* | 324 | 82,717 | ||||||
Cisco Systems, Inc. | 47,592 | 2,041,221 | ||||||
F5 Networks, Inc.* | 572 | 82,717 | ||||||
Juniper Networks, Inc. | 4,092 | 99,558 | ||||||
Motorola Solutions, Inc. | 1,293 | 136,153 | ||||||
|
| |||||||
Total Communications Equipment | 2,442,366 | |||||||
Construction & Engineering – 0.0% | ||||||||
Jacobs Engineering Group, Inc. | 755 | 44,658 | ||||||
Construction Materials – 0.1% | ||||||||
Martin Marietta Materials, Inc. | 362 | 75,043 | ||||||
Vulcan Materials Co. | 523 | 59,711 | ||||||
|
| |||||||
Total Construction Materials | 134,754 | |||||||
Consumer Finance – 1.3% | ||||||||
Ally Financial, Inc. | 6,290 | 170,773 | ||||||
American Express Co. | 8,648 | 806,685 | ||||||
Capital One Financial Corp. | 6,689 | 640,940 | ||||||
Discover Financial Services | 5,487 | 394,680 | ||||||
Synchrony Financial | 10,335 | 346,533 | ||||||
|
| |||||||
Total Consumer Finance | 2,359,611 | |||||||
Containers & Packaging – 0.4% | ||||||||
Avery Dennison Corp. | 702 | 74,588 | ||||||
Ball Corp. | 1,238 | 49,161 | ||||||
Berry Global Group, Inc.* | 999 | 54,755 | ||||||
Crown Holdings, Inc.* | 1,552 | 78,764 | ||||||
International Paper Co. | 3,568 | 190,638 | ||||||
Packaging Corp. of America | 805 | 90,724 | ||||||
Sealed Air Corp. | 831 | 35,558 | ||||||
WestRock Co. | 1,978 | 126,928 | ||||||
|
| |||||||
Total Containers & Packaging | 701,116 | |||||||
Distributors – 0.1% | ||||||||
Genuine Parts Co. | 1,310 | 117,691 | ||||||
LKQ Corp.* | 2,353 | 89,296 | ||||||
|
| |||||||
Total Distributors | 206,987 | |||||||
Diversified Financial Services – 1.9% | ||||||||
Berkshire Hathaway, Inc. Class B* | 17,455 | 3,481,923 | ||||||
Leucadia National Corp. | 3,946 | 89,693 | ||||||
|
| |||||||
Total Diversified Financial Services | 3,571,616 | |||||||
Diversified Telecommunication Services – 2.8% | ||||||||
AT&T, Inc. | 64,194 | 2,288,516 | ||||||
CenturyLink, Inc. | 4,068 | 66,838 | ||||||
Verizon Communications, Inc. | 57,188 | 2,734,730 | ||||||
Zayo Group Holdings, Inc.* | 450 | 15,372 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 5,105,456 | |||||||
Electric Utilities – 1.9% | ||||||||
Alliant Energy Corp. | 1,805 | 73,752 | ||||||
American Electric Power Co., Inc. | 4,469 | 306,529 | ||||||
Avangrid, Inc. | 2,267 | 115,889 | ||||||
Duke Energy Corp. | 5,575 | 431,895 | ||||||
Edison International | 3,654 | 232,613 | ||||||
Eversource Energy | 2,852 | 168,040 | ||||||
Exelon Corp. | 9,313 | 363,300 | ||||||
NextEra Energy, Inc. | 4,821 | 787,414 | ||||||
PG&E Corp. | 8,323 | 365,629 | ||||||
Pinnacle West Capital Corp. | 1,021 | 81,476 | ||||||
PPL Corp. | 8,085 | 228,725 | ||||||
Southern Co. (The) | 1,992 | 88,963 | ||||||
Westar Energy, Inc. | 1,064 | 55,956 | ||||||
Xcel Energy, Inc. | 4,288 | 195,018 | ||||||
|
| |||||||
Total Electric Utilities | 3,495,199 | |||||||
Electrical Equipment – 0.3% | ||||||||
AMETEK, Inc. | 1,464 | 111,220 | ||||||
Emerson Electric Co. | 4,551 | 310,833 | ||||||
Rockwell Automation, Inc. | 803 | 139,883 | ||||||
|
| |||||||
Total Electrical Equipment | 561,936 | |||||||
Electronic Equipment, Instruments & Components – 0.5% | ||||||||
Amphenol Corp. Class A | 1,999 | 172,174 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 25 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Earnings 500 Fund (EPS)
March 31, 2018
Investments | Shares | Value | ||||||
CDW Corp. | 1,173 | $ | 82,474 | |||||
Cognex Corp. | 653 | 33,949 | ||||||
Corning, Inc. | 13,605 | 379,307 | ||||||
IPG Photonics Corp.* | 326 | 76,082 | ||||||
Keysight Technologies, Inc.* | 1,046 | 54,800 | ||||||
Trimble, Inc.* | 821 | 29,458 | ||||||
Universal Display Corp.(a) | 94 | 9,494 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 837,738 | |||||||
Energy Equipment & Services – 0.0% | ||||||||
Halliburton Co. | 1,070 | 50,226 | ||||||
Equity Real Estate Investment Trusts (REITs) – 1.6% | ||||||||
Alexandria Real Estate Equities, Inc. | 107 | 13,363 | ||||||
American Tower Corp. | 1,447 | 210,307 | ||||||
AvalonBay Communities, Inc. | 877 | 144,231 | ||||||
Boston Properties, Inc. | 714 | 87,979 | ||||||
Camden Property Trust | 328 | 27,611 | ||||||
Crown Castle International Corp. | 722 | 79,138 | ||||||
Digital Realty Trust, Inc. | 340 | 35,829 | ||||||
Duke Realty Corp. | 1,662 | 44,010 | ||||||
Equinix, Inc. | 93 | 38,887 | ||||||
Equity LifeStyle Properties, Inc. | 351 | 30,807 | ||||||
Equity Residential | 2,120 | 130,634 | ||||||
Essex Property Trust, Inc. | 383 | 92,180 | ||||||
Extra Space Storage, Inc. | 713 | 62,288 | ||||||
Federal Realty Investment Trust | 396 | 45,980 | ||||||
Gaming and Leisure Properties, Inc. | 1,865 | 62,421 | ||||||
GGP, Inc. | 5,386 | 110,198 | ||||||
HCP, Inc. | 3,751 | 87,136 | ||||||
Host Hotels & Resorts, Inc. | 5,590 | 104,198 | ||||||
Iron Mountain, Inc. | 933 | 30,658 | ||||||
Kimco Realty Corp. | 3,873 | 55,771 | ||||||
Macerich Co. (The) | 459 | 25,713 | ||||||
Mid-America Apartment Communities, Inc. | 403 | 36,770 | ||||||
Prologis, Inc. | 4,911 | 309,344 | ||||||
Public Storage | 1,018 | 203,997 | ||||||
Realty Income Corp. | 1,049 | 54,265 | ||||||
Regency Centers Corp. | 332 | 19,581 | ||||||
SBA Communications Corp.* | 150 | 25,638 | ||||||
Simon Property Group, Inc. | 1,979 | 305,459 | ||||||
SL Green Realty Corp. | 212 | 20,528 | ||||||
UDR, Inc. | 1,298 | 46,235 | ||||||
Ventas, Inc. | 3,366 | 166,718 | ||||||
Vornado Realty Trust | 1,869 | 125,784 | ||||||
Welltower, Inc. | 2,474 | 134,660 | ||||||
Weyerhaeuser Co. | 2,000 | 70,000 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 3,038,318 | |||||||
Food & Staples Retailing – 2.3% | ||||||||
Costco Wholesale Corp. | 2,566 | 483,511 | ||||||
CVS Health Corp. | 12,742 | 792,680 | ||||||
Kroger Co. (The) | 10,496 | 251,274 | ||||||
Sysco Corp. | 3,434 | 205,903 | ||||||
Walgreens Boots Alliance, Inc. | 10,409 | 681,477 | ||||||
Walmart, Inc. | 21,730 | 1,933,318 | ||||||
|
| |||||||
Total Food & Staples Retailing | 4,348,163 | |||||||
Food Products – 1.5% | ||||||||
Archer-Daniels-Midland Co. | 5,500 | 238,535 | ||||||
Campbell Soup Co. | 3,892 | 168,563 | ||||||
Conagra Brands, Inc. | 3,421 | 126,166 | ||||||
General Mills, Inc. | 5,385 | 242,648 | ||||||
Hershey Co. (The) | 1,190 | 117,762 | ||||||
Hormel Foods Corp.(a) | 4,218 | 144,762 | ||||||
Ingredion, Inc. | 692 | 89,213 | ||||||
J.M. Smucker Co. (The) | 986 | 122,274 | ||||||
Kellogg Co. | 2,148 | 139,641 | ||||||
Kraft Heinz Co. (The) | 9,256 | 576,556 | ||||||
Lamb Weston Holdings, Inc. | 1,044 | 60,782 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 817 | 86,921 | ||||||
Mondelez International, Inc. Class A | 8,602 | 358,961 | ||||||
Pilgrim’s Pride Corp.* | 3,055 | 75,184 | ||||||
Tyson Foods, Inc. Class A | 3,913 | 286,392 | ||||||
|
| |||||||
Total Food Products | 2,834,360 | |||||||
Gas Utilities – 0.1% | ||||||||
Atmos Energy Corp. | 757 | 63,770 | ||||||
UGI Corp. | 1,574 | 69,917 | ||||||
|
| |||||||
Total Gas Utilities | 133,687 | |||||||
Health Care Equipment & Supplies – 1.5% | ||||||||
Abbott Laboratories | 6,573 | 393,854 | ||||||
ABIOMED, Inc.* | 84 | 24,443 | ||||||
Align Technology, Inc.* | 220 | 55,249 | ||||||
Baxter International, Inc. | 2,962 | 192,648 | ||||||
Becton, Dickinson and Co. | 896 | 194,163 | ||||||
Boston Scientific Corp.* | 7,558 | 206,485 | ||||||
Cooper Cos., Inc. (The) | 269 | 61,550 | ||||||
Danaher Corp. | 4,669 | 457,142 | ||||||
Edwards Lifesciences Corp.* | 1,134 | 158,216 | ||||||
Hologic, Inc.* | 3,193 | 119,290 | ||||||
IDEXX Laboratories, Inc.* | 330 | 63,159 | ||||||
Intuitive Surgical, Inc.* | 456 | 188,250 | ||||||
ResMed, Inc. | 780 | 76,807 | ||||||
Stryker Corp. | 2,185 | 351,610 | ||||||
Teleflex, Inc. | 202 | 51,506 | ||||||
Varian Medical Systems, Inc.* | 448 | 54,947 | ||||||
Zimmer Biomet Holdings, Inc. | 1,108 | 120,816 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 2,770,135 | |||||||
Health Care Providers & Services – 3.4% | ||||||||
Aetna, Inc. | 1,819 | 307,411 | ||||||
AmerisourceBergen Corp. | 2,054 | 177,075 | ||||||
Anthem, Inc. | 2,506 | 550,568 | ||||||
Cardinal Health, Inc. | 3,523 | 220,822 | ||||||
Centene Corp.* | 1,531 | 163,618 | ||||||
Cigna Corp. | 2,064 | 346,215 | ||||||
DaVita, Inc.* | 1,811 | 119,417 | ||||||
Express Scripts Holding Co.* | 9,717 | 671,251 | ||||||
HCA Healthcare, Inc. | 5,390 | 522,830 |
See Notes to Financial Statements.
26 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Earnings 500 Fund (EPS)
March 31, 2018
Investments | Shares | Value | ||||||
Henry Schein, Inc.* | 1,473 | $ | 99,000 | |||||
Humana, Inc. | 1,325 | 356,200 | ||||||
Laboratory Corp. of America Holdings* | 889 | 143,796 | ||||||
McKesson Corp. | 5,893 | 830,147 | ||||||
Quest Diagnostics, Inc. | 1,246 | 124,974 | ||||||
UnitedHealth Group, Inc. | 7,079 | 1,514,906 | ||||||
Universal Health Services, Inc. Class B | 1,143 | 135,343 | ||||||
WellCare Health Plans, Inc.* | 313 | 60,606 | ||||||
|
| |||||||
Total Health Care Providers & Services | 6,344,179 | |||||||
Health Care Technology – 0.1% | ||||||||
Cerner Corp.* | 1,806 | 104,748 | ||||||
Hotels, Restaurants & Leisure – 1.6% | ||||||||
Aramark | 1,562 | 61,793 | ||||||
Chipotle Mexican Grill, Inc.* | 86 | 27,787 | ||||||
Darden Restaurants, Inc. | 1,015 | 86,529 | ||||||
Domino’s Pizza, Inc. | 246 | 57,456 | ||||||
Hilton Worldwide Holdings, Inc. | 83 | 6,537 | ||||||
Las Vegas Sands Corp. | 5,452 | 391,999 | ||||||
Marriott International, Inc. Class A | 1,978 | 268,968 | ||||||
McDonald’s Corp. | 6,060 | 947,663 | ||||||
MGM Resorts International | 3,204 | 112,204 | ||||||
Starbucks Corp. | 9,156 | 530,041 | ||||||
Vail Resorts, Inc. | 157 | 34,807 | ||||||
Wyndham Worldwide Corp. | 972 | 111,226 | ||||||
Wynn Resorts Ltd. | 406 | 74,038 | ||||||
Yum! Brands, Inc. | 2,692 | 229,170 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 2,940,218 | |||||||
Household Durables – 0.6% | ||||||||
D.R. Horton, Inc. | 3,792 | 166,241 | ||||||
Lennar Corp. Class A | 2,420 | 142,635 | ||||||
Mohawk Industries, Inc.* | 635 | 147,459 | ||||||
Newell Brands, Inc. | 7,464 | 190,183 | ||||||
NVR, Inc.* | 29 | 81,200 | ||||||
PulteGroup, Inc. | 3,559 | 104,955 | ||||||
Toll Brothers, Inc. | 1,711 | 74,001 | ||||||
Whirlpool Corp. | 852 | 130,450 | ||||||
|
| |||||||
Total Household Durables | 1,037,124 | |||||||
Household Products – 1.4% | ||||||||
Church & Dwight Co., Inc. | 1,668 | 84,000 | ||||||
Clorox Co. (The) | 934 | 124,325 | ||||||
Colgate-Palmolive Co. | 5,735 | 411,085 | ||||||
Kimberly-Clark Corp. | 3,287 | 361,997 | ||||||
Procter & Gamble Co. (The) | 20,103 | 1,593,766 | ||||||
|
| |||||||
Total Household Products | 2,575,173 | |||||||
Industrial Conglomerates – 1.7% | ||||||||
3M Co. | 4,237 | 930,106 | ||||||
General Electric Co. | 88,212 | 1,189,098 | ||||||
Honeywell International, Inc. | 6,244 | 902,320 | ||||||
Roper Technologies, Inc. | 505 | 141,749 | ||||||
|
| |||||||
Total Industrial Conglomerates | 3,163,273 | |||||||
Insurance – 2.7% | ||||||||
Aflac, Inc. | 11,584 | 506,916 | ||||||
Alleghany Corp. | 6 | 3,687 | ||||||
Allstate Corp. (The) | 4,845 | 459,306 | ||||||
American Financial Group, Inc. | 1,197 | 134,327 | ||||||
Arthur J. Gallagher & Co. | 1,346 | 92,511 | ||||||
Cincinnati Financial Corp. | 1,260 | 93,568 | ||||||
CNA Financial Corp. | 3,095 | 152,738 | ||||||
FNF Group | 2,645 | 105,853 | ||||||
Hartford Financial Services Group, Inc. (The) | 1,678 | 86,451 | ||||||
Lincoln National Corp. | 3,373 | 246,431 | ||||||
Loews Corp. | 3,536 | 175,845 | ||||||
Markel Corp.* | 13 | 15,213 | ||||||
Marsh & McLennan Cos., Inc. | 4,135 | 341,510 | ||||||
MetLife, Inc. | 6,054 | 277,818 | ||||||
Principal Financial Group, Inc. | 4,530 | 275,922 | ||||||
Progressive Corp. (The) | 4,774 | 290,880 | ||||||
Prudential Financial, Inc. | 6,794 | 703,519 | ||||||
Reinsurance Group of America, Inc. | 888 | 136,752 | ||||||
Torchmark Corp. | 1,167 | 98,226 | ||||||
Travelers Cos., Inc. (The) | 3,241 | 450,045 | ||||||
Unum Group | 3,152 | 150,067 | ||||||
W.R. Berkley Corp. | 1,465 | 106,505 | ||||||
|
| |||||||
Total Insurance | 4,904,090 | |||||||
Internet & Catalog Retail – 0.8% | ||||||||
Amazon.com, Inc.* | 314 | 454,465 | ||||||
Booking Holdings, Inc.* | 381 | 792,629 | ||||||
Expedia Group, Inc. | 657 | 72,539 | ||||||
Liberty Interactive Corp., QVC Group Class A* | 3,666 | 92,273 | ||||||
Netflix, Inc.* | 442 | 130,545 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 1,542,451 | |||||||
Internet Software & Services – 4.3% | ||||||||
Akamai Technologies, Inc.* | 884 | 62,746 | ||||||
Alphabet, Inc. Class A* | 3,675 | 3,811,490 | ||||||
eBay, Inc.* | 36,785 | 1,480,228 | ||||||
Facebook, Inc. Class A* | 15,609 | 2,494,162 | ||||||
IAC/InterActiveCorp* | 528 | 82,569 | ||||||
VeriSign, Inc.* | 763 | 90,461 | ||||||
|
| |||||||
Total Internet Software & Services | 8,021,656 | |||||||
IT Services – 3.5% | ||||||||
Alliance Data Systems Corp. | 421 | 89,614 | ||||||
Automatic Data Processing, Inc. | 2,776 | 315,021 | ||||||
Broadridge Financial Solutions, Inc. | 754 | 82,706 | ||||||
Cognizant Technology Solutions Corp. Class A | 4,907 | 395,014 | ||||||
DXC Technology Co. | 597 | 60,016 | ||||||
Fidelity National Information Services, Inc. | 1,060 | 102,078 | ||||||
Fiserv, Inc.* | 2,594 | 184,978 | ||||||
FleetCor Technologies, Inc.* | 527 | 106,718 | ||||||
Global Payments, Inc. | 448 | 49,961 | ||||||
International Business Machines Corp. | 13,318 | 2,043,381 | ||||||
Jack Henry & Associates, Inc. | 401 | 48,501 | ||||||
Leidos Holdings, Inc. | 953 | 62,326 | ||||||
MasterCard, Inc. Class A | 5,689 | 996,485 | ||||||
Paychex, Inc. | 2,156 | 132,788 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 27 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Earnings 500 Fund (EPS)
March 31, 2018
Investments | Shares | Value | ||||||
PayPal Holdings, Inc.* | 3,971 | $ | 301,280 | |||||
Total System Services, Inc. | 1,070 | 92,298 | ||||||
Visa, Inc. Class A | 10,544 | 1,261,273 | ||||||
Western Union Co. (The) | 7,827 | 150,513 | ||||||
Worldpay, Inc. Class A* | 596 | 49,015 | ||||||
|
| |||||||
Total IT Services | 6,523,966 | |||||||
Leisure Products – 0.1% | ||||||||
Hasbro, Inc. | 1,203 | 101,413 | ||||||
Polaris Industries, Inc. | 261 | 29,890 | ||||||
|
| |||||||
Total Leisure Products | 131,303 | |||||||
Life Sciences Tools & Services – 0.5% | ||||||||
Agilent Technologies, Inc. | 1,830 | 122,427 | ||||||
Illumina, Inc.* | 642 | 151,782 | ||||||
IQVIA Holdings, Inc.* | 171 | 16,777 | ||||||
Mettler-Toledo International, Inc.* | 131 | 75,329 | ||||||
PerkinElmer, Inc. | 635 | 48,082 | ||||||
Thermo Fisher Scientific, Inc. | 2,316 | 478,161 | ||||||
Waters Corp.* | 518 | 102,901 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 995,459 | |||||||
Machinery – 1.4% | ||||||||
Caterpillar, Inc. | 1,836 | 270,590 | ||||||
Cummins, Inc. | 1,791 | 290,303 | ||||||
Deere & Co. | 2,590 | 402,279 | ||||||
Dover Corp. | 1,263 | 124,052 | ||||||
Fortive Corp. | 2,344 | 181,707 | ||||||
IDEX Corp. | 440 | 62,704 | ||||||
Illinois Tool Works, Inc. | 2,445 | 383,034 | ||||||
PACCAR, Inc. | 3,479 | 230,205 | ||||||
Parker-Hannifin Corp. | 1,016 | 173,766 | ||||||
Snap-on, Inc. | 609 | 89,852 | ||||||
Stanley Black & Decker, Inc. | 1,328 | 203,450 | ||||||
WABCO Holdings, Inc.* | 369 | 49,398 | ||||||
Xylem, Inc. | 866 | 66,613 | ||||||
|
| |||||||
Total Machinery | 2,527,953 | |||||||
Media – 3.4% | ||||||||
CBS Corp. Class B Non-Voting Shares | 4,955 | 254,638 | ||||||
Charter Communications, Inc. Class A* | 461 | 143,472 | ||||||
Comcast Corp. Class A | 48,608 | 1,660,935 | ||||||
DISH Network Corp. Class A* | 4,996 | 189,298 | ||||||
Interpublic Group of Cos., Inc. (The) | 5,155 | 118,720 | ||||||
Liberty Broadband Corp. Class C* | 75 | 6,427 | ||||||
Liberty Media Corp – Liberty SiriusXM Series C* | 1,472 | 60,131 | ||||||
Omnicom Group, Inc. | 2,919 | 212,124 | ||||||
Sirius XM Holdings, Inc.(a) | 28,551 | 178,158 | ||||||
Time Warner, Inc. | 8,385 | 793,053 | ||||||
Twenty-First Century Fox, Inc. Class A | 16,608 | 609,348 | ||||||
Viacom, Inc. Class B | 11,640 | 361,538 | ||||||
Walt Disney Co. (The) | 16,031 | 1,610,154 | ||||||
|
| |||||||
Total Media | 6,197,996 | |||||||
Metals & Mining – 0.3% | ||||||||
Freeport-McMoRan, Inc.* | 12,563 | 220,732 | ||||||
Newmont Mining Corp. | 315 | 12,307 | ||||||
Nucor Corp. | 3,290 | 200,986 | ||||||
Steel Dynamics, Inc. | 2,342 | 103,563 | ||||||
|
| |||||||
Total Metals & Mining | 537,588 | |||||||
Multi-Utilities – 0.8% | ||||||||
Ameren Corp. | 1,823 | 103,236 | ||||||
CenterPoint Energy, Inc. | 3,724 | 102,038 | ||||||
CMS Energy Corp. | 2,037 | 92,256 | ||||||
Consolidated Edison, Inc. | 2,554 | 199,059 | ||||||
Dominion Energy, Inc. | 4,653 | 313,752 | ||||||
DTE Energy Co. | 1,541 | 160,880 | ||||||
NiSource, Inc. | 1,919 | 45,883 | ||||||
Public Service Enterprise Group, Inc. | 1,874 | 94,150 | ||||||
Sempra Energy | 1,808 | 201,086 | ||||||
WEC Energy Group, Inc. | 2,639 | 165,465 | ||||||
|
| |||||||
Total Multi-Utilities | 1,477,805 | |||||||
Multiline Retail – 0.6% | ||||||||
Dollar General Corp. | 2,428 | 227,140 | ||||||
Dollar Tree, Inc.* | 1,667 | 158,198 | ||||||
Kohl’s Corp. | 2,330 | 152,638 | ||||||
Target Corp. | 7,877 | 546,900 | ||||||
|
| |||||||
Total Multiline Retail | 1,084,876 | |||||||
Oil, Gas & Consumable Fuels – 3.0% | ||||||||
Andeavor | 1,206 | 121,275 | ||||||
Apache Corp. | 2,947 | 113,401 | ||||||
Chevron Corp. | 9,968 | 1,136,751 | ||||||
Cimarex Energy Co. | 598 | 55,913 | ||||||
Concho Resources, Inc.* | 717 | 107,787 | ||||||
ConocoPhillips | 125 | 7,411 | ||||||
Devon Energy Corp. | 7,334 | 233,148 | ||||||
Diamondback Energy, Inc.* | 630 | 79,708 | ||||||
EQT Corp. | 90 | 4,276 | ||||||
Exxon Mobil Corp. | 28,910 | 2,156,975 | ||||||
HollyFrontier Corp. | 1,306 | 63,811 | ||||||
Kinder Morgan, Inc. | 12,621 | 190,072 | ||||||
Marathon Petroleum Corp. | 4,619 | 337,695 | ||||||
Occidental Petroleum Corp. | 1,424 | 92,503 | ||||||
ONEOK, Inc. | 1,390 | 79,119 | ||||||
Phillips 66 | 3,742 | 358,933 | ||||||
Pioneer Natural Resources Co. | 131 | 22,503 | ||||||
Valero Energy Corp. | 4,343 | 402,900 | ||||||
Williams Cos., Inc. (The) | 2,904 | 72,193 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 5,636,374 | |||||||
Personal Products – 0.2% | ||||||||
Estee Lauder Cos., Inc. (The) Class A | 2,061 | 308,573 | ||||||
Pharmaceuticals – 3.5% | ||||||||
Bristol-Myers Squibb Co. | 11,446 | 723,959 | ||||||
Eli Lilly & Co. | 4,742 | 366,889 | ||||||
Johnson & Johnson | 21,322 | 2,732,414 | ||||||
Merck & Co., Inc. | 10,833 | 590,073 | ||||||
Pfizer, Inc. | 50,841 | 1,804,347 | ||||||
Zoetis, Inc. | 2,354 | 196,583 | ||||||
|
| |||||||
Total Pharmaceuticals | 6,414,265 |
See Notes to Financial Statements.
28 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Earnings 500 Fund (EPS)
March 31, 2018
Investments | Shares | Value | ||||||
Professional Services – 0.2% | ||||||||
CoStar Group, Inc.* | 80 | $ | 29,014 | |||||
Equifax, Inc. | 827 | 97,429 | ||||||
ManpowerGroup, Inc. | 628 | 72,283 | ||||||
TransUnion* | 769 | 43,664 | ||||||
Verisk Analytics, Inc.* | 937 | 97,448 | ||||||
|
| |||||||
Total Professional Services | 339,838 | |||||||
Real Estate Management & Development – 0.1% | ||||||||
CBRE Group, Inc. Class A* | 3,265 | 154,173 | ||||||
Road & Rail – 1.0% | ||||||||
CSX Corp. | 5,845 | 325,625 | ||||||
JB Hunt Transport Services, Inc. | 741 | 86,808 | ||||||
Kansas City Southern | 922 | 101,282 | ||||||
Norfolk Southern Corp. | 2,418 | 328,316 | ||||||
Old Dominion Freight Line, Inc. | 488 | 71,721 | ||||||
Union Pacific Corp. | 6,456 | 867,880 | ||||||
|
| |||||||
Total Road & Rail | 1,781,632 | |||||||
Semiconductors & Semiconductor Equipment – 4.6% | ||||||||
Analog Devices, Inc. | 1,582 | 144,168 | ||||||
Applied Materials, Inc. | 12,190 | 677,886 | ||||||
Intel Corp. | 58,619 | 3,052,878 | ||||||
KLA-Tencor Corp. | 1,798 | 196,000 | ||||||
Lam Research Corp. | 1,977 | 401,647 | ||||||
Maxim Integrated Products, Inc. | 2,045 | 123,150 | ||||||
Microchip Technology, Inc.(a) | 1,239 | 113,195 | ||||||
Micron Technology, Inc.* | 21,528 | 1,122,470 | ||||||
NVIDIA Corp. | 2,483 | 575,038 | ||||||
ON Semiconductor Corp.* | 3,604 | 88,154 | ||||||
QUALCOMM, Inc. | 13,411 | 743,104 | ||||||
Skyworks Solutions, Inc. | 1,948 | 195,306 | ||||||
Teradyne, Inc. | 1,868 | 85,386 | ||||||
Texas Instruments, Inc. | 7,865 | 817,095 | ||||||
Xilinx, Inc. | 1,718 | 124,108 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 8,459,585 | |||||||
Software – 4.4% | ||||||||
Activision Blizzard, Inc. | 3,297 | 222,416 | ||||||
Adobe Systems, Inc.* | 1,675 | 361,934 | ||||||
ANSYS, Inc.* | 367 | 57,505 | ||||||
CA, Inc. | 4,000 | 135,600 | ||||||
Cadence Design Systems, Inc.* | 1,132 | 41,624 | ||||||
CDK Global, Inc. | 748 | 47,378 | ||||||
Citrix Systems, Inc.* | 1,043 | 96,790 | ||||||
Electronic Arts, Inc.* | 2,085 | 252,786 | ||||||
Intuit, Inc. | 1,143 | 198,139 | ||||||
Microsoft Corp. | 50,317 | 4,592,433 | ||||||
Oracle Corp. | 35,911 | 1,642,928 | ||||||
Red Hat, Inc.* | 498 | 74,456 | ||||||
salesforce.com, Inc.* | 34 | 3,954 | ||||||
SS&C Technologies Holdings, Inc. | 953 | 51,119 | ||||||
Synopsys, Inc.* | 321 | 26,720 | ||||||
Take-Two Interactive Software, Inc.* | 203 | 19,849 | ||||||
VMware, Inc. Class A* | 2,054 | 249,089 | ||||||
|
| |||||||
Total Software | 8,074,720 | |||||||
Specialty Retail – 2.2% | ||||||||
AutoZone, Inc.* | 328 | 212,770 | ||||||
Best Buy Co., Inc. | 3,535 | 247,415 | ||||||
CarMax, Inc.* | 1,824 | 112,978 | ||||||
Gap, Inc. (The) | 4,593 | 143,302 | ||||||
Home Depot, Inc. (The) | 8,603 | 1,533,399 | ||||||
L Brands, Inc. | 3,013 | 115,127 | ||||||
Lowe’s Cos., Inc. | 7,525 | 660,319 | ||||||
O’Reilly Automotive, Inc.* | 768 | 189,988 | ||||||
Ross Stores, Inc. | 2,872 | 223,958 | ||||||
Tiffany & Co. | 924 | 90,238 | ||||||
TJX Cos., Inc. (The) | 5,949 | 485,200 | ||||||
Tractor Supply Co. | 1,147 | 72,284 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 374 | 76,397 | ||||||
|
| |||||||
Total Specialty Retail | 4,163,375 | |||||||
Technology Hardware, Storage & Peripherals – 5.3% | ||||||||
Apple, Inc. | 52,396 | 8,791,001 | ||||||
Hewlett Packard Enterprise Co. | 5,206 | 91,313 | ||||||
HP, Inc. | 22,069 | 483,752 | ||||||
NetApp, Inc. | 1,995 | 123,072 | ||||||
Western Digital Corp. | 3,216 | 296,740 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 9,785,878 | |||||||
Textiles, Apparel & Luxury Goods – 0.7% | ||||||||
NIKE, Inc. Class B | 11,813 | 784,856 | ||||||
PVH Corp. | 735 | 111,301 | ||||||
Tapestry, Inc. | 2,120 | 111,533 | ||||||
VF Corp. | �� | 2,893 | 214,429 | |||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 1,222,119 | |||||||
Tobacco – 2.0% | ||||||||
Altria Group, Inc. | 39,805 | 2,480,647 | ||||||
Philip Morris International, Inc. | 12,142 | 1,206,915 | ||||||
|
| |||||||
Total Tobacco | 3,687,562 | |||||||
Trading Companies & Distributors – 0.2% | ||||||||
Fastenal Co. | 1,809 | 98,753 | ||||||
United Rentals, Inc.* | 693 | 119,702 | ||||||
W.W. Grainger, Inc. | 448 | 126,457 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 344,912 | |||||||
Water Utilities – 0.0% | ||||||||
American Water Works Co., Inc. | 1,092 | 89,686 | ||||||
Wireless Telecommunication Services – 0.2% | ||||||||
T-Mobile U.S., Inc.* | 6,310 | 385,162 | ||||||
TOTAL COMMON STOCKS (Cost: $151,868,969) | 184,363,490 | |||||||
EXCHANGE-TRADED FUND – 0.1% | ||||||||
United States – 0.1% | ||||||||
WisdomTree U.S. High Dividend Fund(b) (Cost: $205,098) | 3,003 | 204,565 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 29 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Earnings 500 Fund (EPS)
March 31, 2018
Investments | Shares | Value | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1% | ||||||||
United States – 0.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) (Cost: $164,281)(d) | 164,281 | $ | 164,281 | |||||
TOTAL INVESTMENTS IN SECURITIES – 100.0% (Cost: $152,238,348) | 184,732,336 | |||||||
Other Assets less Liabilities – 0.0% | 80,412 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 184,812,748 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $421,554 and the total market value of the collateral held by the Fund was $431,411. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $267,130. |
See Notes to Financial Statements.
30 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.4% | ||||||||
United States – 99.4% | ||||||||
Aerospace & Defense – 1.0% | ||||||||
Lockheed Martin Corp. | 30,484 | $ | 10,301,458 | |||||
Air Freight & Logistics – 0.8% | ||||||||
United Parcel Service, Inc. Class B | 79,154 | 8,284,258 | ||||||
Automobiles – 1.7% | ||||||||
Ford Motor Co. | 770,143 | 8,533,185 | ||||||
General Motors Co. | 215,930 | 7,846,896 | ||||||
Harley-Davidson, Inc.(a) | 18,782 | 805,372 | ||||||
|
| |||||||
Total Automobiles | 17,185,453 | |||||||
Banks – 4.1% | ||||||||
American National Bankshares, Inc. | 1,289 | 48,466 | ||||||
Ames National Corp. | 1,373 | 37,757 | ||||||
Arrow Financial Corp. | 1,363 | 46,274 | ||||||
Bar Harbor Bankshares | 1,970 | 54,608 | ||||||
BB&T Corp. | 86,739 | 4,513,898 | ||||||
BCB Bancorp, Inc. | 2,480 | 38,812 | ||||||
Blue Hills Bancorp, Inc. | 2,789 | 58,151 | ||||||
Boston Private Financial Holdings, Inc. | 8,333 | 125,412 | ||||||
Bridge Bancorp, Inc. | 2,248 | 75,420 | ||||||
Citizens & Northern Corp. | 2,375 | 54,839 | ||||||
City Holding Co. | 2,192 | 150,284 | ||||||
Community Trust Bancorp, Inc. | 2,459 | 111,147 | ||||||
Financial Institutions, Inc. | 2,064 | 61,094 | ||||||
First Bancorp, Inc. | 1,777 | 49,720 | ||||||
First Hawaiian, Inc. | 15,332 | 426,690 | ||||||
Flushing Financial Corp. | 3,387 | 91,314 | ||||||
FNB Corp. | 42,705 | 574,382 | ||||||
Hanmi Financial Corp. | 3,132 | 96,309 | ||||||
Heritage Commerce Corp. | 1,130 | 18,622 | ||||||
Hope Bancorp, Inc. | 13,670 | 248,657 | ||||||
Huntington Bancshares, Inc. | 133,127 | 2,010,218 | ||||||
National Bankshares, Inc. | 917 | 41,311 | ||||||
Old National Bancorp | 17,009 | 287,452 | ||||||
PacWest Bancorp | 21,733 | 1,076,435 | ||||||
Park National Corp. | 1,881 | 195,173 | ||||||
Penns Woods Bancorp, Inc. | 655 | 27,713 | ||||||
People’s United Financial, Inc. | 50,852 | 948,898 | ||||||
Peoples Financial Services Corp. | 940 | 42,911 | ||||||
Premier Financial Bancorp, Inc. | 1,669 | 31,060 | ||||||
Sandy Spring Bancorp, Inc. | 3,645 | 141,280 | ||||||
Southside Bancshares, Inc. | 3,803 | 132,116 | ||||||
Trustmark Corp. | 6,699 | 208,741 | ||||||
Umpqua Holdings Corp. | 28,339 | 606,738 | ||||||
United Bankshares, Inc. | 15,608 | 550,182 | ||||||
Univest Corp. of Pennsylvania | 3,991 | 110,551 | ||||||
Valley National Bancorp | 40,402 | 503,409 | ||||||
Washington Trust Bancorp, Inc. | 1,710 | 91,912 | ||||||
Wells Fargo & Co. | 537,338 | 28,161,885 | ||||||
WesBanco, Inc. | 4,024 | 170,215 | ||||||
West Bancorporation, Inc. | 2,573 | 65,869 | ||||||
|
| |||||||
Total Banks | 42,285,925 | |||||||
Beverages – 4.1% | ||||||||
Coca-Cola Co. (The) | 577,366 | 25,075,005 | ||||||
PepsiCo, Inc. | 163,279 | 17,821,903 | ||||||
|
| |||||||
Total Beverages | 42,896,908 | |||||||
Biotechnology – 2.9% | ||||||||
AbbVie, Inc. | 196,939 | 18,640,276 | ||||||
Gilead Sciences, Inc. | 151,873 | 11,449,706 | ||||||
|
| |||||||
Total Biotechnology | 30,089,982 | |||||||
Capital Markets – 0.3% | ||||||||
Arlington Asset Investment Corp. Class A(a) | 12,835 | 141,698 | ||||||
Artisan Partners Asset Management, Inc. Class A | 12,107 | 403,163 | ||||||
BGC Partners, Inc. Class A | 52,847 | 710,792 | ||||||
Federated Investors, Inc. Class B | 14,689 | 490,612 | ||||||
Gain Capital Holdings, Inc.(a) | 5,664 | 38,232 | ||||||
Legg Mason, Inc. | 9,158 | 372,273 | ||||||
Moelis & Co. Class A | 3,249 | 165,212 | ||||||
Virtu Financial, Inc. Class A(a) | 19,515 | 643,995 | ||||||
Waddell & Reed Financial, Inc. Class A(a) | 21,280 | 430,069 | ||||||
Westwood Holdings Group, Inc. | 1,455 | 82,193 | ||||||
|
| |||||||
Total Capital Markets | 3,478,239 | |||||||
Chemicals – 0.1% | ||||||||
CF Industries Holdings, Inc. | 32,404 | 1,222,603 | ||||||
Innophos Holdings, Inc. | 2,606 | 104,787 | ||||||
|
| |||||||
Total Chemicals | 1,327,390 | |||||||
Commercial Services & Supplies – 0.3% | ||||||||
Covanta Holding Corp. | 36,447 | 528,481 | ||||||
Ennis, Inc. | 3,691 | 72,713 | ||||||
Essendant, Inc. | 9,281 | 72,392 | ||||||
HNI Corp. | 5,269 | 190,158 | ||||||
KAR Auction Services, Inc. | 15,896 | 861,563 | ||||||
Knoll, Inc. | 5,145 | 103,878 | ||||||
LSC Communications, Inc. | 7,800 | 136,110 | ||||||
Pitney Bowes, Inc. | 51,128 | 556,784 | ||||||
Quad/Graphics, Inc. | 7,119 | 180,467 | ||||||
RR Donnelley & Sons Co. | 16,998 | 148,392 | ||||||
Steelcase, Inc. Class A | 9,405 | 127,908 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 2,978,846 | |||||||
Communications Equipment – 2.6% | ||||||||
Cisco Systems, Inc. | 634,523 | 27,214,691 | ||||||
Consumer Finance – 0.1% | ||||||||
Navient Corp. | 53,163 | 697,499 | ||||||
Containers & Packaging – 0.6% | ||||||||
Greif, Inc. Class B | 2,989 | 174,109 | ||||||
International Paper Co. | 56,813 | 3,035,519 | ||||||
Myers Industries, Inc. | 4,358 | 92,172 | ||||||
Sonoco Products Co. | 11,582 | 561,727 | ||||||
WestRock Co. | 29,650 | 1,902,640 | ||||||
|
| |||||||
Total Containers & Packaging | 5,766,167 | |||||||
Distributors – 0.2% | ||||||||
Genuine Parts Co. | 17,355 | 1,559,173 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2018
Investments | Shares | Value | ||||||
Weyco Group, Inc. | 1,309 | $ | 43,983 | |||||
|
| |||||||
Total Distributors | 1,603,156 | |||||||
Diversified Consumer Services – 0.1% | ||||||||
Collectors Universe, Inc. | 2,030 | 31,891 | ||||||
H&R Block, Inc. | 32,958 | 837,463 | ||||||
|
| |||||||
Total Diversified Consumer Services | 869,354 | |||||||
Diversified Telecommunication Services – 9.2% | ||||||||
AT&T, Inc. | 1,361,279 | 48,529,596 | ||||||
CenturyLink, Inc. | 529,283 | 8,696,120 | ||||||
Cogent Communications Holdings, Inc. | 7,910 | 343,294 | ||||||
Consolidated Communications Holdings, Inc. | 33,218 | 364,069 | ||||||
IDT Corp. Class B* | 5,844 | 36,642 | ||||||
Verizon Communications, Inc. | 783,050 | 37,445,451 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 95,415,172 | |||||||
Electric Utilities – 5.9% | ||||||||
ALLETE, Inc. | 6,134 | 443,182 | ||||||
Alliant Energy Corp. | 27,990 | 1,143,671 | ||||||
American Electric Power Co., Inc. | 67,442 | 4,625,847 | ||||||
Avangrid, Inc. | 45,095 | 2,305,256 | ||||||
Duke Energy Corp. | 118,683 | 9,194,372 | ||||||
Edison International | 39,966 | 2,544,236 | ||||||
Entergy Corp. | 33,060 | 2,604,467 | ||||||
Eversource Energy | 41,198 | 2,427,386 | ||||||
Exelon Corp. | 131,962 | 5,147,838 | ||||||
FirstEnergy Corp. | 80,392 | 2,734,132 | ||||||
Great Plains Energy, Inc. | 33,554 | 1,066,682 | ||||||
Hawaiian Electric Industries, Inc. | 15,961 | 548,739 | ||||||
NextEra Energy, Inc. | 48,976 | 7,999,250 | ||||||
OGE Energy Corp. | 31,360 | 1,027,667 | ||||||
Otter Tail Corp. | 4,684 | 203,051 | ||||||
Pinnacle West Capital Corp. | 15,123 | 1,206,815 | ||||||
Portland General Electric Co. | 10,217 | 413,891 | ||||||
PPL Corp. | 128,920 | 3,647,147 | ||||||
Southern Co. (The) | 188,407 | 8,414,257 | ||||||
Westar Energy, Inc. | 16,297 | 857,059 | ||||||
Xcel Energy, Inc. | 61,851 | 2,812,983 | ||||||
|
| |||||||
Total Electric Utilities | 61,367,928 | |||||||
Electrical Equipment – 0.5% | ||||||||
Emerson Electric Co. | 79,535 | 5,432,241 | ||||||
General Cable Corp. | 7,074 | 209,390 | ||||||
Powell Industries, Inc. | 1,794 | 48,151 | ||||||
|
| |||||||
Total Electrical Equipment | 5,689,782 | |||||||
Electronic Equipment, Instruments & Components – 0.0% | ||||||||
AVX Corp. | 18,028 | 298,363 | ||||||
Daktronics, Inc. | 8,197 | 72,216 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 370,579 | |||||||
Energy Equipment & Services – 0.1% | ||||||||
Archrock, Inc. | 9,786 | 85,628 | ||||||
Helmerich & Payne, Inc. | 21,788 | 1,450,209 | ||||||
|
| |||||||
Total Energy Equipment & Services | 1,535,837 | |||||||
Equity Real Estate Investment Trusts (REITs) – 13.3% | ||||||||
Acadia Realty Trust | 13,138 | 323,195 | ||||||
Agree Realty Corp. | 4,263 | 204,795 | ||||||
Alexander’s, Inc. | 893 | 340,438 | ||||||
Alexandria Real Estate Equities, Inc. | 10,291 | 1,285,243 | ||||||
American Assets Trust, Inc. | 4,697 | 156,927 | ||||||
American Campus Communities, Inc. | 22,276 | 860,299 | ||||||
Apartment Investment & Management Co. Class A | 20,952 | 853,794 | ||||||
Apple Hospitality REIT, Inc. | 55,567 | 976,312 | ||||||
Armada Hoffler Properties, Inc. | 7,192 | 98,458 | ||||||
Ashford Hospitality Prime, Inc. | 7,993 | 77,692 | ||||||
Ashford Hospitality Trust, Inc. | 28,553 | 184,452 | ||||||
AvalonBay Communities, Inc. | 17,720 | 2,914,231 | ||||||
Bluerock Residential Growth REIT, Inc. | 7,727 | 65,679 | ||||||
Brandywine Realty Trust | 27,217 | 432,206 | ||||||
Brixmor Property Group, Inc. | 74,339 | 1,133,670 | ||||||
Camden Property Trust | 13,039 | 1,097,623 | ||||||
CareTrust REIT, Inc. | 10,737 | 143,876 | ||||||
CatchMark Timber Trust, Inc. Class A | 6,514 | 81,230 | ||||||
CBL & Associates Properties, Inc.(a) | 81,120 | 338,270 | ||||||
Cedar Realty Trust, Inc. | 12,169 | 47,946 | ||||||
Chatham Lodging Trust | 10,672 | 204,369 | ||||||
Chesapeake Lodging Trust | 14,037 | 390,369 | ||||||
CIM Commercial Trust Corp. | 3,154 | 39,898 | ||||||
Colony NorthStar, Inc. Class A | 195,610 | 1,099,328 | ||||||
Columbia Property Trust, Inc. | 26,397 | 540,083 | ||||||
Community Healthcare Trust, Inc. | 3,179 | 81,827 | ||||||
CoreCivic, Inc. | 39,178 | 764,755 | ||||||
CorEnergy Infrastructure Trust, Inc. | 4,091 | 153,576 | ||||||
CoreSite Realty Corp. | 4,317 | 432,822 | ||||||
Corporate Office Properties Trust | 15,991 | 413,048 | ||||||
Cousins Properties, Inc. | 57,404 | 498,267 | ||||||
Crown Castle International Corp. | 64,241 | 7,041,456 | ||||||
CubeSmart | 27,540 | 776,628 | ||||||
CyrusOne, Inc. | 11,149 | 570,940 | ||||||
DDR Corp. | 149,963 | 1,099,229 | ||||||
DiamondRock Hospitality Co. | 36,739 | 383,555 | ||||||
Digital Realty Trust, Inc. | 28,778 | 3,032,626 | ||||||
Duke Realty Corp. | 41,797 | 1,106,785 | ||||||
Easterly Government Properties, Inc. | 6,485 | 132,294 | ||||||
EastGroup Properties, Inc. | 4,297 | 355,190 | ||||||
Education Realty Trust, Inc. | 13,197 | 432,202 | ||||||
EPR Properties | 17,801 | 986,175 | ||||||
Equity Residential | 45,765 | 2,820,039 | ||||||
Essex Property Trust, Inc. | 7,784 | 1,873,453 | ||||||
Extra Space Storage, Inc. | 20,456 | 1,787,036 | ||||||
Farmland Partners, Inc.(a) | 6,606 | 55,160 | ||||||
Federal Realty Investment Trust | 9,004 | 1,045,454 | ||||||
First Industrial Realty Trust, Inc. | 12,503 | 365,463 | ||||||
Four Corners Property Trust, Inc. | 10,881 | 251,242 | ||||||
Franklin Street Properties Corp. | 30,543 | 256,867 | ||||||
Gaming and Leisure Properties, Inc. | 62,667 | 2,097,464 | ||||||
GEO Group, Inc. (The) | 38,430 | 786,662 |
See Notes to Financial Statements.
32 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2018
Investments | Shares | Value | ||||||
Getty Realty Corp. | 7,290 | $ | 183,854 | |||||
GGP, Inc. | 147,666 | 3,021,246 | ||||||
Gladstone Commercial Corp. | 8,983 | 155,765 | ||||||
Global Medical REIT, Inc.(a) | 7,042 | 48,942 | ||||||
Global Net Lease, Inc. | 26,931 | 454,595 | ||||||
Government Properties Income Trust | 36,524 | 498,918 | ||||||
Gramercy Property Trust | 35,138 | 763,549 | ||||||
HCP, Inc. | 105,202 | 2,443,842 | ||||||
Healthcare Realty Trust, Inc. | 18,749 | 519,535 | ||||||
Healthcare Trust of America, Inc. Class A | 32,279 | 853,780 | ||||||
Hersha Hospitality Trust(a) | 9,015 | 161,368 | ||||||
Highwoods Properties, Inc. | 14,397 | 630,877 | ||||||
Hospitality Properties Trust | 46,392 | 1,175,573 | ||||||
Host Hotels & Resorts, Inc. | 124,038 | 2,312,068 | ||||||
Hudson Pacific Properties, Inc. | 17,013 | 553,433 | ||||||
Independence Realty Trust, Inc. | 20,720 | 190,210 | ||||||
InfraREIT, Inc. | 8,946 | 173,821 | ||||||
Investors Real Estate Trust | 35,605 | 184,790 | ||||||
Iron Mountain, Inc. | 65,371 | 2,148,091 | ||||||
JBG SMITH Properties | 11,297 | 380,822 | ||||||
Jernigan Capital, Inc.(a) | 3,516 | 63,640 | ||||||
Kimco Realty Corp. | 104,828 | 1,509,523 | ||||||
Kite Realty Group Trust | 22,258 | 338,989 | ||||||
Lamar Advertising Co. Class A | 14,844 | 944,969 | ||||||
LaSalle Hotel Properties | 29,438 | 853,996 | ||||||
Lexington Realty Trust | 67,543 | 531,563 | ||||||
Liberty Property Trust | 24,218 | 962,181 | ||||||
Life Storage, Inc. | 8,030 | 670,666 | ||||||
LTC Properties, Inc. | 7,069 | 268,622 | ||||||
Macerich Co. (The) | 25,651 | 1,436,969 | ||||||
Mack-Cali Realty Corp. | 11,845 | 197,930 | ||||||
MedEquities Realty Trust, Inc. | 8,692 | 91,353 | ||||||
Medical Properties Trust, Inc. | 104,720 | 1,361,360 | ||||||
Mid-America Apartment Communities, Inc. | 15,316 | 1,397,432 | ||||||
Monmouth Real Estate Investment Corp. | 12,195 | 183,413 | ||||||
National Health Investors, Inc. | 8,224 | 553,393 | ||||||
National Retail Properties, Inc. | 27,860 | 1,093,784 | ||||||
National Storage Affiliates Trust | 6,212 | 155,797 | ||||||
New Senior Investment Group, Inc. | 41,566 | 340,010 | ||||||
NexPoint Residential Trust, Inc. | 5,366 | 133,291 | ||||||
NorthStar Realty Europe Corp. | 11,377 | 148,129 | ||||||
Omega Healthcare Investors, Inc.(a) | 75,242 | 2,034,544 | ||||||
One Liberty Properties, Inc. | 4,891 | 108,091 | ||||||
Outfront Media, Inc. | 34,384 | 644,356 | ||||||
Park Hotels & Resorts, Inc. | 51,892 | 1,402,122 | ||||||
Pebblebrook Hotel Trust | 13,140 | 451,359 | ||||||
Pennsylvania Real Estate Investment Trust(a) | 20,898 | 201,666 | ||||||
Physicians Realty Trust | 35,950 | 559,741 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 22,686 | 399,047 | ||||||
PotlatchDeltic Corp. | 5,498 | 286,171 | ||||||
Preferred Apartment Communities, Inc. Class A | 5,523 | 78,371 | ||||||
Prologis, Inc. | 60,433 | 3,806,675 | ||||||
Public Storage | 27,405 | 5,491,688 | ||||||
QTS Realty Trust, Inc. Class A | 4,979 | 180,339 | ||||||
Ramco-Gershenson Properties Trust | 16,156 | 199,688 | ||||||
Rayonier, Inc. | 16,817 | 591,622 | ||||||
Realty Income Corp. | 53,602 | 2,772,831 | ||||||
Regency Centers Corp. | 21,708 | 1,280,338 | ||||||
Retail Opportunity Investments Corp. | 15,980 | 282,367 | ||||||
Retail Properties of America, Inc. Class A | 47,040 | 548,486 | ||||||
RLJ Lodging Trust | 42,725 | 830,574 | ||||||
Ryman Hospitality Properties, Inc. | 9,342 | 723,538 | ||||||
Sabra Health Care REIT, Inc. | 66,841 | 1,179,744 | ||||||
Safety Income & Growth, Inc.(a) | 2,612 | 41,766 | ||||||
Saul Centers, Inc. | 2,698 | 137,517 | ||||||
Select Income REIT | 29,565 | 575,926 | ||||||
Senior Housing Properties Trust | 78,238 | 1,225,207 | ||||||
Simon Property Group, Inc. | 58,818 | 9,078,558 | ||||||
SL Green Realty Corp. | 11,742 | 1,136,978 | ||||||
Spirit Realty Capital, Inc. | 155,159 | 1,204,034 | ||||||
STAG Industrial, Inc. | 19,382 | 463,617 | ||||||
STORE Capital Corp. | 36,386 | 903,101 | ||||||
Summit Hotel Properties, Inc. | 18,672 | 254,126 | ||||||
Sun Communities, Inc. | 9,851 | 900,086 | ||||||
Tanger Factory Outlet Centers, Inc. | 20,225 | 444,950 | ||||||
Taubman Centers, Inc. | 10,110 | 575,360 | ||||||
Tier REIT, Inc. | 8,633 | 159,538 | ||||||
UDR, Inc. | 36,011 | 1,282,712 | ||||||
UMH Properties, Inc. | 8,030 | 107,682 | ||||||
Uniti Group, Inc.(a) | 83,138 | 1,350,992 | ||||||
Universal Health Realty Income Trust | 2,158 | 129,696 | ||||||
Urban Edge Properties | 15,920 | 339,892 | ||||||
Urstadt Biddle Properties, Inc. Class A | 6,116 | 118,039 | ||||||
Ventas, Inc. | 72,481 | 3,589,984 | ||||||
VEREIT, Inc. | 275,036 | 1,914,251 | ||||||
Vornado Realty Trust | 23,785 | 1,600,730 | ||||||
W.P. Carey, Inc. | 27,726 | 1,718,735 | ||||||
Washington Prime Group, Inc. | 90,133 | 601,187 | ||||||
Washington Real Estate Investment Trust | 11,664 | 318,427 | ||||||
Weingarten Realty Investors | 24,397 | 685,068 | ||||||
Welltower, Inc. | 80,623 | 4,388,310 | ||||||
Weyerhaeuser Co. | 112,514 | 3,937,990 | ||||||
Whitestone REIT(a) | 10,381 | 107,859 | ||||||
Xenia Hotels & Resorts, Inc. | 23,172 | 456,952 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 137,385,315 | |||||||
Food & Staples Retailing – 0.0% | ||||||||
Village Super Market, Inc. Class A | 2,323 | 61,257 | ||||||
Weis Markets, Inc. | 2,748 | 112,613 | ||||||
|
| |||||||
Total Food & Staples Retailing | 173,870 | |||||||
Food Products – 2.3% | ||||||||
Archer-Daniels-Midland Co. | 71,674 | 3,108,501 | ||||||
B&G Foods, Inc.(a) | 14,647 | 347,134 | ||||||
Campbell Soup Co. | 34,430 | 1,491,163 | ||||||
Dean Foods Co. | 10,340 | 89,131 | ||||||
Flowers Foods, Inc. | 28,661 | 626,530 | ||||||
General Mills, Inc. | 82,762 | 3,729,256 | ||||||
J.M. Smucker Co. (The) | 12,294 | 1,524,579 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2018
Investments | Shares | Value | ||||||
Kellogg Co. | 46,611 | $ | 3,030,181 | |||||
Kraft Heinz Co. (The) | 161,029 | 10,030,496 | ||||||
|
| |||||||
Total Food Products | 23,976,971 | |||||||
Gas Utilities – 0.2% | ||||||||
National Fuel Gas Co. | 9,279 | 477,405 | ||||||
New Jersey Resources Corp. | 9,523 | 381,872 | ||||||
Northwest Natural Gas Co. | 4,132 | 238,210 | ||||||
South Jersey Industries, Inc. | 9,897 | 278,700 | ||||||
Spire, Inc. | 5,895 | 426,208 | ||||||
WGL Holdings, Inc. | 4,976 | 416,242 | ||||||
|
| |||||||
Total Gas Utilities | 2,218,637 | |||||||
Health Care Equipment & Supplies – 0.0% | ||||||||
Meridian Bioscience, Inc. | 6,595 | 93,649 | ||||||
Health Care Providers & Services – 0.3% | ||||||||
Cardinal Health, Inc. | 41,111 | 2,576,837 | ||||||
National HealthCare Corp. | 1,649 | 98,330 | ||||||
Owens & Minor, Inc. | 13,003 | 202,197 | ||||||
Patterson Cos., Inc. | 10,069 | 223,834 | ||||||
|
| |||||||
Total Health Care Providers & Services | 3,101,198 | |||||||
Hotels, Restaurants & Leisure – 1.3% | ||||||||
Brinker International, Inc.(a) | 6,700 | 241,870 | ||||||
Cracker Barrel Old Country Store, Inc.(a) | 2,879 | 458,337 | ||||||
Darden Restaurants, Inc. | 14,739 | 1,256,500 | ||||||
Dine Brands Global, Inc. | 5,355 | 351,181 | ||||||
Las Vegas Sands Corp. | 137,724 | 9,902,356 | ||||||
Six Flags Entertainment Corp. | 15,828 | 985,451 | ||||||
Speedway Motorsports, Inc. | 4,765 | 84,912 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 13,280,607 | |||||||
Household Durables – 0.3% | ||||||||
CSS Industries, Inc. | 986 | 17,255 | ||||||
Leggett & Platt, Inc. | 16,627 | 737,574 | ||||||
MDC Holdings, Inc. | 8,596 | 240,000 | ||||||
Newell Brands, Inc. | 58,477 | 1,489,994 | ||||||
Tupperware Brands Corp. | 9,768 | 472,576 | ||||||
|
| |||||||
Total Household Durables | 2,957,399 | |||||||
Household Products – 3.0% | ||||||||
Kimberly-Clark Corp. | 46,712 | 5,144,392 | ||||||
Procter & Gamble Co. (The) | 321,899 | 25,520,153 | ||||||
|
| |||||||
Total Household Products | 30,664,545 | |||||||
Independent Power & Renewable Electricity Producers – 0.2% | ||||||||
AES Corp. | 117,989 | 1,341,535 | ||||||
NRG Yield, Inc. Class A | 9,590 | 157,660 | ||||||
Pattern Energy Group, Inc. Class A | 31,302 | 541,211 | ||||||
|
| |||||||
Total Independent Power & Renewable Electricity Producers | 2,040,406 | |||||||
Industrial Conglomerates – 1.3% | ||||||||
General Electric Co. | 980,319 | 13,214,700 | ||||||
Insurance – 1.9% | ||||||||
American National Insurance Co. | 2,584 | 302,225 | ||||||
AmTrust Financial Services, Inc.(a) | 55,426 | 682,294 | ||||||
Baldwin & Lyons, Inc. Class B | 2,439 | 53,658 | ||||||
Cincinnati Financial Corp. | 17,502 | 1,299,699 | ||||||
Crawford & Co. Class A | 5,067 | 40,637 | ||||||
Donegal Group, Inc. Class A | 3,063 | 48,395 | ||||||
EMC Insurance Group, Inc. | 3,162 | 85,627 | ||||||
Erie Indemnity Co. Class A | 4,950 | 582,318 | ||||||
First American Financial Corp. | 15,985 | 938,000 | ||||||
FNF Group | 30,964 | 1,239,179 | ||||||
HCI Group, Inc. | 1,438 | 54,874 | ||||||
Mercury General Corp. | 10,424 | 478,149 | ||||||
MetLife, Inc. | 129,920 | 5,962,029 | ||||||
Old Republic International Corp. | 41,289 | 885,649 | ||||||
Principal Financial Group, Inc. | 32,312 | 1,968,124 | ||||||
Prudential Financial, Inc. | 44,836 | 4,642,768 | ||||||
Safety Insurance Group, Inc. | 2,273 | 174,680 | ||||||
Stewart Information Services Corp. | 2,500 | 109,850 | ||||||
|
| |||||||
Total Insurance | 19,548,155 | |||||||
Internet Software & Services – 0.0% | ||||||||
Reis, Inc. | 1,338 | 28,700 | ||||||
IT Services – 2.6% | ||||||||
International Business Machines Corp. | 148,860 | 22,839,590 | ||||||
Paychex, Inc. | 43,450 | 2,676,086 | ||||||
Sabre Corp. | 30,154 | 646,803 | ||||||
Western Union Co. (The) | 66,602 | 1,280,756 | ||||||
|
| |||||||
Total IT Services | 27,443,235 | |||||||
Machinery – 0.3% | ||||||||
American Railcar Industries, Inc.(a) | 2,524 | 94,423 | ||||||
Cummins, Inc. | 18,176 | 2,946,148 | ||||||
Miller Industries, Inc. | 1,490 | 37,250 | ||||||
|
| |||||||
Total Machinery | 3,077,821 | |||||||
Marine – 0.0% | ||||||||
Matson, Inc. | 4,231 | 121,176 | ||||||
Media – 0.7% | ||||||||
AMC Entertainment Holdings, Inc. Class A | 10,331 | 145,151 | ||||||
Cinemark Holdings, Inc. | 15,039 | 566,519 | ||||||
Entercom Communications Corp. Class A(a) | 16,211 | 156,436 | ||||||
Entravision Communications Corp. Class A | 7,176 | 33,727 | ||||||
Gannett Co., Inc. | 29,591 | 295,318 | ||||||
Interpublic Group of Cos., Inc. (The) | 54,542 | 1,256,102 | ||||||
Meredith Corp. | 5,152 | 277,178 | ||||||
National CineMedia, Inc. | 33,576 | 174,259 | ||||||
New Media Investment Group, Inc. | 18,480 | 316,747 | ||||||
Omnicom Group, Inc. | 30,414 | 2,210,185 | ||||||
Saga Communications, Inc. Class A | 739 | 27,528 | ||||||
Tribune Media Co. Class A | 9,588 | 388,410 | ||||||
Viacom, Inc. Class B | 38,009 | 1,180,560 | ||||||
|
| |||||||
Total Media | 7,028,120 | |||||||
Metals & Mining – 0.2% | ||||||||
Compass Minerals International, Inc.(a) | 5,634 | 339,730 | ||||||
Haynes International, Inc. | 1,509 | 55,999 | ||||||
Nucor Corp. | 33,171 | 2,026,417 | ||||||
Schnitzer Steel Industries, Inc. Class A | 2,795 | 90,418 | ||||||
|
| |||||||
Total Metals & Mining | 2,512,564 |
See Notes to Financial Statements.
34 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2018
Investments | Shares | Value | ||||||
Multi-Utilities – 3.1% | ||||||||
Ameren Corp. | 31,056 | $ | 1,758,701 | |||||
Avista Corp. | 8,028 | 411,435 | ||||||
Black Hills Corp. | 6,843 | 371,575 | ||||||
CenterPoint Energy, Inc. | 70,939 | 1,943,729 | ||||||
CMS Energy Corp. | 33,038 | 1,496,291 | ||||||
Consolidated Edison, Inc. | 41,402 | 3,226,872 | ||||||
Dominion Energy, Inc. | 98,033 | 6,610,365 | ||||||
DTE Energy Co. | 23,761 | 2,480,648 | ||||||
MDU Resources Group, Inc. | 22,341 | 629,122 | ||||||
NiSource, Inc. | 38,726 | 925,939 | ||||||
NorthWestern Corp. | 6,957 | 374,287 | ||||||
Public Service Enterprise Group, Inc. | 72,066 | 3,620,596 | ||||||
SCANA Corp. | 30,387 | 1,141,032 | ||||||
Sempra Energy | 29,256 | 3,253,852 | ||||||
Unitil Corp. | 2,649 | 122,940 | ||||||
Vectren Corp. | 10,453 | 668,156 | ||||||
WEC Energy Group, Inc. | 41,020 | 2,571,954 | ||||||
|
| |||||||
Total Multi-Utilities | 31,607,494 | |||||||
Multiline Retail – 1.1% | ||||||||
Kohl’s Corp. | 29,872 | 1,956,915 | ||||||
Macy’s, Inc. | 71,640 | 2,130,574 | ||||||
Nordstrom, Inc. | 21,072 | 1,020,095 | ||||||
Target Corp. | 91,119 | 6,326,392 | ||||||
|
| |||||||
Total Multiline Retail | 11,433,976 | |||||||
Oil, Gas & Consumable Fuels – 12.1% | ||||||||
Chevron Corp. | 283,866 | 32,372,079 | ||||||
CVR Energy, Inc.(a) | 24,687 | 746,041 | ||||||
Evolution Petroleum Corp. | 8,159 | 65,680 | ||||||
Exxon Mobil Corp. | 656,052 | 48,948,040 | ||||||
Green Plains, Inc. | 4,201 | 70,577 | ||||||
HollyFrontier Corp. | 24,304 | 1,187,493 | ||||||
Kinder Morgan, Inc. | 260,399 | 3,921,609 | ||||||
Marathon Petroleum Corp. | 52,127 | 3,811,005 | ||||||
Murphy Oil Corp. | 24,551 | 634,398 | ||||||
Occidental Petroleum Corp. | 141,979 | 9,222,956 | ||||||
ONEOK, Inc. | 89,426 | 5,090,128 | ||||||
PBF Energy, Inc. Class A | 16,511 | 559,723 | ||||||
Phillips 66 | 59,156 | 5,674,243 | ||||||
SemGroup Corp. Class A | 21,180 | 453,252 | ||||||
Targa Resources Corp. | 71,922 | 3,164,568 | ||||||
Valero Energy Corp. | 59,488 | 5,518,702 | ||||||
Williams Cos., Inc. (The) | 144,153 | 3,583,643 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 125,024,137 | |||||||
Paper & Forest Products – 0.1% | ||||||||
Domtar Corp. | 10,046 | 427,357 | ||||||
Schweitzer-Mauduit International, Inc. | 4,856 | 190,112 | ||||||
|
| |||||||
Total Paper & Forest Products | 617,469 | |||||||
Personal Products – 0.2% | ||||||||
Coty, Inc. Class A | 87,610 | 1,603,263 | ||||||
Natural Health Trends Corp.(a) | 1,364 | 25,930 | ||||||
|
| |||||||
Total Personal Products | 1,629,193 | |||||||
Pharmaceuticals – 9.2% | ||||||||
Eli Lilly & Co. | 111,238 | 8,606,484 | ||||||
Johnson & Johnson | 266,611 | 34,166,200 | ||||||
Merck & Co., Inc. | 390,521 | 21,271,679 | ||||||
Pfizer, Inc. | 887,070 | 31,482,114 | ||||||
|
| |||||||
Total Pharmaceuticals | 95,526,477 | |||||||
Professional Services – 0.0% | ||||||||
Resources Connection, Inc. | 3,319 | 53,768 | ||||||
Real Estate Management & Development – 0.0% | ||||||||
Kennedy-Wilson Holdings, Inc. | 23,032 | 400,757 | ||||||
Rafael Holdings, Inc. Class B* | 2,951 | 14,310 | ||||||
|
| |||||||
Total Real Estate Management & Development | 415,067 | |||||||
Semiconductors & Semiconductor Equipment – 3.9% | ||||||||
Cypress Semiconductor Corp. | 47,907 | 812,503 | ||||||
Intel Corp. | 490,055 | 25,522,064 | ||||||
Maxim Integrated Products, Inc. | 34,786 | 2,094,813 | ||||||
NVE Corp. | 881 | 73,220 | ||||||
QUALCOMM, Inc. | 217,066 | 12,027,627 | ||||||
Xperi Corp. | 6,866 | 145,216 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 40,675,443 | |||||||
Software – 0.2% | ||||||||
American Software, Inc. Class A | 4,007 | 52,091 | ||||||
CA, Inc. | 52,908 | 1,793,581 | ||||||
TiVo Corp. | 19,543 | 264,808 | ||||||
|
| |||||||
Total Software | 2,110,480 | |||||||
Specialty Retail – 0.8% | ||||||||
Abercrombie & Fitch Co. Class A | 10,491 | 253,987 | ||||||
American Eagle Outfitters, Inc. | 19,548 | 389,592 | ||||||
Barnes & Noble, Inc. | 25,506 | 126,255 | ||||||
Bed Bath & Beyond, Inc. | 13,234 | 277,782 | ||||||
Buckle, Inc. (The)(a) | 8,509 | 188,474 | ||||||
Cato Corp. (The) Class A | 7,522 | 110,874 | ||||||
Chico’s FAS, Inc. | 16,515 | 149,296 | ||||||
DSW, Inc. Class A | 10,758 | 241,625 | ||||||
Finish Line, Inc. (The) Class A | 5,653 | 76,542 | ||||||
Foot Locker, Inc. | 12,915 | 588,149 | ||||||
GameStop Corp. Class A(a) | 31,827 | 401,657 | ||||||
Gap, Inc. (The) | 48,428 | 1,510,954 | ||||||
Guess?, Inc. | 22,096 | 458,271 | ||||||
L Brands, Inc. | 49,335 | 1,885,090 | ||||||
Office Depot, Inc. | 56,150 | 120,722 | ||||||
Penske Automotive Group, Inc. | 8,588 | 380,706 | ||||||
Pier 1 Imports, Inc. | 15,269 | 49,166 | ||||||
Tailored Brands, Inc. | 5,142 | 128,858 | ||||||
Williams-Sonoma, Inc.(a) | 9,220 | 486,447 | ||||||
|
| |||||||
Total Specialty Retail | 7,824,447 | |||||||
Technology Hardware, Storage & Peripherals – 0.8% | ||||||||
HP, Inc. | 189,473 | 4,153,248 | ||||||
Western Digital Corp. | 31,441 | 2,901,061 | ||||||
Xerox Corp. | 35,171 | 1,012,222 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 8,066,531 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 35 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. High Dividend Fund (DHS)
March 31, 2018
Investments | Shares | Value | ||||||
Textiles, Apparel & Luxury Goods – 0.6% | ||||||||
Hanesbrands, Inc.(a) | 40,976 | $ | 754,778 | |||||
Tapestry, Inc. | 38,025 | 2,000,495 | ||||||
VF Corp. | 42,935 | 3,182,342 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 5,937,615 | |||||||
Thrifts & Mortgage Finance – 0.3% | ||||||||
Dime Community Bancshares, Inc. | 4,690 | 86,296 | ||||||
New York Community Bancorp, Inc. | 99,331 | 1,294,283 | ||||||
Northwest Bancshares, Inc. | 15,770 | 261,151 | ||||||
Oritani Financial Corp. | 7,612 | 116,844 | ||||||
Provident Financial Services, Inc. | 6,518 | 166,796 | ||||||
TFS Financial Corp. | 48,262 | 708,969 | ||||||
TrustCo Bank Corp. | 11,226 | 94,860 | ||||||
United Financial Bancorp, Inc. | 7,118 | 115,311 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 2,844,510 | |||||||
Tobacco – 4.3% | ||||||||
Altria Group, Inc. | 292,129 | 18,205,479 | ||||||
Philip Morris International, Inc. | 259,331 | 25,777,501 | ||||||
Universal Corp. | 3,510 | 170,235 | ||||||
Vector Group Ltd.(a) | 36,776 | 749,863 | ||||||
|
| |||||||
Total Tobacco | 44,903,078 | |||||||
Trading Companies & Distributors – 0.1% | ||||||||
GATX Corp. | 4,090 | 280,124 | ||||||
H&E Equipment Services, Inc. | 6,446 | 248,106 | ||||||
Watsco, Inc. | 3,638 | 658,369 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 1,186,599 | |||||||
Transportation Infrastructure – 0.1% | ||||||||
Macquarie Infrastructure Corp. | 30,553 | 1,128,322 | ||||||
Wireless Telecommunication Services – 0.0% | ||||||||
Spok Holdings, Inc. | 2,662 | 39,797 | ||||||
TOTAL COMMON STOCKS (Cost: $1,029,438,067) | 1,029,250,095 | |||||||
EXCHANGE-TRADED FUND – 0.3% | ||||||||
United States – 0.3% | ||||||||
WisdomTree U.S. Total Dividend Fund(b) (Cost: $2,979,284) | 34,310 | 3,058,050 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6% | ||||||||
United States – 0.6% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) (Cost: $5,724,612)(d) | 5,724,612 | 5,724,612 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $1,038,141,963) | 1,038,032,757 | |||||||
Other Assets less Liabilities – (0.3)% | (2,737,576 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,035,295,181 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $9,183,070 and the total market value of the collateral held by the Fund was $9,424,018. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $3,699,406. |
See Notes to Financial Statements.
36 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree U.S. LargeCap Dividend Fund (DLN)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
United States – 99.8% | ||||||||
Aerospace & Defense – 3.2% | ||||||||
Boeing Co. (The) | 58,611 | $ | 19,217,375 | |||||
General Dynamics Corp. | 24,495 | 5,410,946 | ||||||
Harris Corp. | 9,937 | 1,602,639 | ||||||
L3 Technologies, Inc. | 6,092 | 1,267,136 | ||||||
Lockheed Martin Corp. | 36,096 | 12,197,921 | ||||||
Northrop Grumman Corp. | 11,508 | 4,017,673 | ||||||
Raytheon Co. | 24,716 | 5,334,207 | ||||||
Rockwell Collins, Inc. | 8,023 | 1,081,902 | ||||||
Textron, Inc. | 1,787 | 105,379 | ||||||
United Technologies Corp. | 89,887 | 11,309,582 | ||||||
|
| |||||||
Total Aerospace & Defense | 61,544,760 | |||||||
Air Freight & Logistics – 0.6% | ||||||||
FedEx Corp. | 10,841 | 2,603,033 | ||||||
United Parcel Service, Inc. Class B | 94,664 | 9,907,534 | ||||||
|
| |||||||
Total Air Freight & Logistics | 12,510,567 | |||||||
Airlines – 0.3% | ||||||||
American Airlines Group, Inc. | 18,543 | 963,494 | ||||||
Delta Air Lines, Inc. | 78,213 | 4,286,855 | ||||||
Southwest Airlines Co. | 22,887 | 1,310,967 | ||||||
|
| |||||||
Total Airlines | 6,561,316 | |||||||
Automobiles – 1.0% | ||||||||
Ford Motor Co. | 905,745 | 10,035,655 | ||||||
General Motors Co. | 255,531 | 9,285,996 | ||||||
|
| |||||||
Total Automobiles | 19,321,651 | |||||||
Banks – 8.0% | ||||||||
Bank of America Corp. | 851,345 | 25,531,837 | ||||||
BB&T Corp. | 101,643 | 5,289,502 | ||||||
Citigroup, Inc. | 221,469 | 14,949,158 | ||||||
Citizens Financial Group, Inc. | 40,332 | 1,693,137 | ||||||
Comerica, Inc. | 12,385 | 1,188,093 | ||||||
Fifth Third Bancorp | 72,140 | 2,290,445 | ||||||
First Republic Bank | 5,802 | 537,323 | ||||||
Huntington Bancshares, Inc. | 152,200 | 2,298,220 | ||||||
JPMorgan Chase & Co. | 362,152 | 39,825,855 | ||||||
KeyCorp | 108,359 | 2,118,418 | ||||||
M&T Bank Corp. | 12,787 | 2,357,411 | ||||||
PNC Financial Services Group, Inc. (The) | 49,315 | 7,458,401 | ||||||
Regions Financial Corp. | 117,122 | 2,176,127 | ||||||
SunTrust Banks, Inc. | 55,970 | 3,808,199 | ||||||
U.S. Bancorp | 175,684 | 8,872,042 | ||||||
Wells Fargo & Co. | 639,515 | 33,516,981 | ||||||
|
| |||||||
Total Banks | 153,911,149 | |||||||
Beverages – 3.0% | ||||||||
Brown-Forman Corp. Class B | 16,307 | 887,101 | ||||||
Coca-Cola Co. (The) | 687,326 | 29,850,568 | ||||||
Constellation Brands, Inc. Class A | 8,248 | 1,879,884 | ||||||
Dr. Pepper Snapple Group, Inc. | 21,523 | 2,547,893 | ||||||
Molson Coors Brewing Co. Class B | 18,854 | 1,420,272 | ||||||
PepsiCo, Inc. | 193,207 | 21,088,544 | ||||||
|
| |||||||
Total Beverages | 57,674,262 | |||||||
Biotechnology – 2.7% | ||||||||
AbbVie, Inc. | 233,711 | 22,120,746 | ||||||
Amgen, Inc. | 94,195 | 16,058,363 | ||||||
Gilead Sciences, Inc. | 181,430 | 13,678,008 | ||||||
|
| |||||||
Total Biotechnology | 51,857,117 | |||||||
Building Products – 0.0% | ||||||||
Masco Corp. | 12,928 | 522,808 | ||||||
Capital Markets – 2.9% | ||||||||
Ameriprise Financial, Inc. | 14,894 | 2,203,418 | ||||||
Bank of New York Mellon Corp. (The) | 86,679 | 4,466,569 | ||||||
BlackRock, Inc. | 15,521 | 8,408,036 | ||||||
CBOE Global Markets, Inc. | 4,089 | 466,555 | ||||||
Charles Schwab Corp. (The) | 41,393 | 2,161,542 | ||||||
CME Group, Inc. | 29,260 | 4,732,512 | ||||||
Franklin Resources, Inc. | 48,216 | 1,672,131 | ||||||
Goldman Sachs Group, Inc. (The) | 21,879 | 5,510,445 | ||||||
Intercontinental Exchange, Inc. | 32,168 | 2,332,823 | ||||||
Moody’s Corp. | 10,097 | 1,628,646 | ||||||
Morgan Stanley | 166,813 | 9,001,230 | ||||||
Nasdaq, Inc. | 14,531 | 1,252,863 | ||||||
Northern Trust Corp. | 19,073 | 1,966,999 | ||||||
S&P Global, Inc. | 12,653 | 2,417,482 | ||||||
State Street Corp. | 31,904 | 3,181,786 | ||||||
T. Rowe Price Group, Inc. | 27,527 | 2,972,090 | ||||||
TD Ameritrade Holding Corp. | 43,895 | 2,599,901 | ||||||
|
| |||||||
Total Capital Markets | 56,975,028 | |||||||
Chemicals – 2.0% | ||||||||
Air Products & Chemicals, Inc. | 24,985 | 3,973,364 | ||||||
Albemarle Corp. | 5,556 | 515,263 | ||||||
Celanese Corp. Series A | 11,320 | 1,134,377 | ||||||
DowDuPont, Inc. | 249,067 | 15,868,059 | ||||||
Eastman Chemical Co. | 15,982 | 1,687,380 | ||||||
Ecolab, Inc. | 15,500 | 2,124,585 | ||||||
Monsanto Co. | 40,238 | 4,695,372 | ||||||
PPG Industries, Inc. | 19,576 | 2,184,682 | ||||||
Praxair, Inc. | 29,860 | 4,308,798 | ||||||
Sherwin-Williams Co. (The) | 4,107 | 1,610,437 | ||||||
|
| |||||||
Total Chemicals | 38,102,317 | |||||||
Commercial Services & Supplies – 0.4% | ||||||||
Cintas Corp. | 5,607 | 956,442 | ||||||
Republic Services, Inc. | 35,019 | 2,319,309 | ||||||
Waste Management, Inc. | 44,236 | 3,721,132 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 6,996,883 | |||||||
Communications Equipment – 1.8% | ||||||||
Cisco Systems, Inc. | 753,369 | 32,311,997 | ||||||
Motorola Solutions, Inc. | 17,844 | 1,878,973 | ||||||
|
| |||||||
Total Communications Equipment | 34,190,970 | |||||||
Construction Materials – 0.1% | ||||||||
Martin Marietta Materials, Inc. | 2,423 | 502,288 | ||||||
Vulcan Materials Co. | 4,918 | 561,488 | ||||||
|
| |||||||
Total Construction Materials | 1,063,776 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
March 31, 2018
Investments | Shares | Value | ||||||
Consumer Finance – 0.7% | ||||||||
American Express Co. | 61,799 | $ | 5,764,611 | |||||
Capital One Financial Corp. | 39,761 | 3,809,899 | ||||||
Discover Financial Services | 33,442 | 2,405,483 | ||||||
Synchrony Financial | 60,720 | 2,035,941 | ||||||
|
| |||||||
Total Consumer Finance | 14,015,934 | |||||||
Containers & Packaging – 0.3% | ||||||||
Ball Corp. | 16,164 | 641,872 | ||||||
International Paper Co. | 67,548 | 3,609,090 | ||||||
WestRock Co. | 33,823 | 2,170,422 | ||||||
|
| |||||||
Total Containers & Packaging | 6,421,384 | |||||||
Distributors – 0.1% | ||||||||
Genuine Parts Co. | 20,106 | 1,806,323 | ||||||
Diversified Telecommunication Services – 5.8% | ||||||||
AT&T, Inc. | 1,616,845 | 57,640,524 | ||||||
CenturyLink, Inc. | 630,297 | 10,355,780 | ||||||
Verizon Communications, Inc. | 930,236 | 44,483,885 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 112,480,189 | |||||||
Electric Utilities – 3.3% | ||||||||
American Electric Power Co., Inc. | 79,498 | 5,452,768 | ||||||
Avangrid, Inc. | 52,556 | 2,686,663 | ||||||
Duke Energy Corp. | 140,079 | 10,851,920 | ||||||
Edison International | 47,451 | 3,020,731 | ||||||
Entergy Corp. | 38,098 | 3,001,360 | ||||||
Eversource Energy | 46,089 | 2,715,564 | ||||||
Exelon Corp. | 151,837 | 5,923,161 | ||||||
FirstEnergy Corp. | 95,614 | 3,251,832 | ||||||
NextEra Energy, Inc. | 57,918 | 9,459,747 | ||||||
PPL Corp. | 153,088 | 4,330,860 | ||||||
Southern Co. (The) | 221,800 | 9,905,588 | ||||||
Xcel Energy, Inc. | 72,248 | 3,285,839 | ||||||
|
| |||||||
Total Electric Utilities | 63,886,033 | |||||||
Electrical Equipment – 0.4% | ||||||||
AMETEK, Inc. | 4,846 | 368,151 | ||||||
Emerson Electric Co. | 93,740 | 6,402,442 | ||||||
Rockwell Automation, Inc. | 11,378 | 1,982,047 | ||||||
|
| |||||||
Total Electrical Equipment | 8,752,640 | |||||||
Electronic Equipment, Instruments & Components – 0.2% | ||||||||
Amphenol Corp. Class A | 12,973 | 1,117,365 | ||||||
Corning, Inc. | 85,191 | 2,375,125 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 3,492,490 | |||||||
Energy Equipment & Services – 0.2% | ||||||||
Halliburton Co. | 68,074 | 3,195,394 | ||||||
Equity Real Estate Investment Trusts (REITs) – 4.1% | ||||||||
American Tower Corp. | 39,773 | 5,780,608 | ||||||
AvalonBay Communities, Inc. | 21,052 | 3,462,212 | ||||||
Boston Properties, Inc. | 17,631 | 2,172,492 | ||||||
Crown Castle International Corp. | 76,223 | 8,354,803 | ||||||
Digital Realty Trust, Inc. | 31,916 | 3,363,308 | ||||||
Equinix, Inc. | 6,755 | 2,824,536 | ||||||
Equity Residential | 55,076 | 3,393,783 | ||||||
Essex Property Trust, Inc. | 9,266 | 2,230,141 | ||||||
GGP, Inc. | 170,664 | 3,491,785 | ||||||
Host Hotels & Resorts, Inc. | 144,836 | 2,699,743 | ||||||
Prologis, Inc. | 70,995 | 4,471,975 | ||||||
Public Storage | 32,040 | 6,420,495 | ||||||
Realty Income Corp. | 61,681 | 3,190,758 | ||||||
Simon Property Group, Inc. | 70,331 | 10,855,590 | ||||||
Ventas, Inc. | 84,438 | 4,182,214 | ||||||
Vornado Realty Trust | 27,900 | 1,877,670 | ||||||
Welltower, Inc. | 94,390 | 5,137,648 | ||||||
Weyerhaeuser Co. | 133,670 | 4,678,450 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 78,588,211 | |||||||
Food & Staples Retailing – 2.7% | ||||||||
Costco Wholesale Corp. | 22,750 | 4,286,783 | ||||||
CVS Health Corp. | 137,601 | 8,560,158 | ||||||
Kroger Co. (The) | 78,319 | 1,874,957 | ||||||
Sysco Corp. | 59,451 | 3,564,682 | ||||||
Walgreens Boots Alliance, Inc. | 107,605 | 7,044,899 | ||||||
Walmart, Inc. | 311,797 | 27,740,579 | ||||||
|
| |||||||
Total Food & Staples Retailing | 53,072,058 | |||||||
Food Products – 2.1% | ||||||||
Archer-Daniels-Midland Co. | 82,546 | 3,580,020 | ||||||
Campbell Soup Co. | 40,881 | 1,770,556 | ||||||
Conagra Brands, Inc. | 47,095 | 1,736,864 | ||||||
General Mills, Inc. | 96,404 | 4,343,964 | ||||||
Hershey Co. (The) | 17,083 | 1,690,534 | ||||||
Hormel Foods Corp. | 51,876 | 1,780,384 | ||||||
J.M. Smucker Co. (The) | 14,307 | 1,774,211 | ||||||
Kellogg Co. | 53,923 | 3,505,534 | ||||||
Kraft Heinz Co. (The) | 192,432 | 11,986,589 | ||||||
Mondelez International, Inc. Class A | 153,333 | 6,398,586 | ||||||
Tyson Foods, Inc. Class A | 20,620 | 1,509,178 | ||||||
|
| |||||||
Total Food Products | 40,076,420 | |||||||
Health Care Equipment & Supplies – 1.1% | ||||||||
Abbott Laboratories | 168,168 | 10,076,626 | ||||||
Baxter International, Inc. | 27,199 | 1,769,023 | ||||||
Becton, Dickinson and Co. | 16,451 | 3,564,932 | ||||||
Danaher Corp. | 20,430 | 2,000,301 | ||||||
Dentsply Sirona, Inc. | 5,883 | 295,974 | ||||||
Stryker Corp. | 21,067 | 3,390,102 | ||||||
Zimmer Biomet Holdings, Inc. | 8,136 | 887,149 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 21,984,107 | |||||||
Health Care Providers & Services – 1.5% | ||||||||
Aetna, Inc. | 17,026 | 2,877,394 | ||||||
AmerisourceBergen Corp. | 19,030 | 1,640,576 | ||||||
Anthem, Inc. | 16,213 | 3,561,996 | ||||||
Cardinal Health, Inc. | 49,208 | 3,084,358 | ||||||
Cigna Corp. | 356 | 59,716 | ||||||
Humana, Inc. | 4,330 | 1,164,034 | ||||||
McKesson Corp. | 8,915 | 1,255,856 | ||||||
Quest Diagnostics, Inc. | 12,871 | 1,290,961 | ||||||
UnitedHealth Group, Inc. | 64,404 | 13,782,456 | ||||||
|
| |||||||
Total Health Care Providers & Services | 28,717,347 | |||||||
Hotels, Restaurants & Leisure – 2.2% | ||||||||
Hilton Worldwide Holdings, Inc. | 13,073 | 1,029,629 | ||||||
Las Vegas Sands Corp. | 163,033 | 11,722,073 |
See Notes to Financial Statements.
38 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
March 31, 2018
Investments | Shares | Value | ||||||
Marriott International, Inc. Class A | 19,166 | $ | 2,606,193 | |||||
McDonald’s Corp. | 92,197 | 14,417,767 | ||||||
MGM Resorts International | 33,901 | 1,187,213 | ||||||
Starbucks Corp. | 144,691 | 8,376,162 | ||||||
Wynn Resorts Ltd. | 5,721 | 1,043,282 | ||||||
Yum! Brands, Inc. | 25,233 | 2,148,085 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 42,530,404 | |||||||
Household Durables – 0.1% | ||||||||
D.R. Horton, Inc. | 18,771 | 822,921 | ||||||
Newell Brands, Inc. | 72,698 | 1,852,345 | ||||||
|
| |||||||
Total Household Durables | 2,675,266 | |||||||
Household Products – 2.3% | ||||||||
Clorox Co. (The) | 15,177 | 2,020,210 | ||||||
Colgate-Palmolive Co. | 94,674 | 6,786,232 | ||||||
Kimberly-Clark Corp. | 55,439 | 6,105,497 | ||||||
Procter & Gamble Co. (The) | 382,370 | 30,314,294 | ||||||
|
| |||||||
Total Household Products | 45,226,233 | |||||||
Industrial Conglomerates – 2.1% | ||||||||
3M Co. | 58,318 | 12,801,967 | ||||||
General Electric Co. | 1,162,857 | 15,675,312 | ||||||
Honeywell International, Inc. | 73,425 | 10,610,647 | ||||||
Roper Technologies, Inc. | 2,836 | 796,037 | ||||||
|
| |||||||
Total Industrial Conglomerates | 39,883,963 | |||||||
Insurance – 2.1% | ||||||||
Aflac, Inc. | 81,482 | 3,565,652 | ||||||
Allstate Corp. (The) | 26,645 | 2,525,946 | ||||||
American International Group, Inc. | 94,706 | 5,153,901 | ||||||
CNA Financial Corp. | 28,051 | 1,384,317 | ||||||
Hartford Financial Services Group, Inc. (The) | 32,049 | 1,651,164 | ||||||
Lincoln National Corp. | 18,245 | 1,332,980 | ||||||
Loews Corp. | 8,603 | 427,827 | ||||||
Marsh & McLennan Cos., Inc. | 45,279 | 3,739,593 | ||||||
MetLife, Inc. | 152,275 | 6,987,900 | ||||||
Principal Financial Group, Inc. | 38,420 | 2,340,162 | ||||||
Progressive Corp. (The) | 37,424 | 2,280,244 | ||||||
Prudential Financial, Inc. | 53,295 | 5,518,697 | ||||||
Travelers Cos., Inc. (The) | 28,917 | 4,015,415 | ||||||
|
| |||||||
Total Insurance | 40,923,798 | |||||||
Internet & Catalog Retail – 0.0% | ||||||||
Expedia Group, Inc. | 6,716 | 741,514 | ||||||
IT Services – 2.8% | ||||||||
Alliance Data Systems Corp. | 2,548 | 542,367 | ||||||
Automatic Data Processing, Inc. | 47,519 | 5,392,456 | ||||||
Cognizant Technology Solutions Corp. Class A | 22,851 | 1,839,506 | ||||||
DXC Technology Co. | 9,489 | 953,929 | ||||||
Fidelity National Information Services, Inc. | 20,423 | 1,966,735 | ||||||
International Business Machines Corp. | 177,240 | 27,193,933 | ||||||
MasterCard, Inc. Class A | 30,868 | 5,406,839 | ||||||
Paychex, Inc. | 51,023 | 3,142,507 | ||||||
Total System Services, Inc. | 5,216 | 449,932 | ||||||
Visa, Inc. Class A | 62,797 | 7,511,777 | ||||||
|
| |||||||
Total IT Services | 54,399,981 | |||||||
Life Sciences Tools & Services – 0.1% | ||||||||
Agilent Technologies, Inc. | 14,648 | 979,951 | ||||||
Thermo Fisher Scientific, Inc. | 6,606 | 1,363,875 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 2,343,826 | |||||||
Machinery – 1.5% | ||||||||
Caterpillar, Inc. | 64,282 | 9,473,881 | ||||||
Cummins, Inc. | 21,136 | 3,425,934 | ||||||
Deere & Co. | 25,774 | 4,003,218 | ||||||
Dover Corp. | 15,156 | 1,488,622 | ||||||
Fortive Corp. | 7,071 | 548,144 | ||||||
Illinois Tool Works, Inc. | 32,018 | 5,015,940 | ||||||
PACCAR, Inc. | 23,806 | 1,575,243 | ||||||
Parker-Hannifin Corp. | 9,541 | 1,631,797 | ||||||
Stanley Black & Decker, Inc. | 11,789 | 1,806,075 | ||||||
|
| |||||||
Total Machinery | 28,968,854 | |||||||
Media – 2.1% | ||||||||
CBS Corp. Class B Non-Voting Shares | 22,180 | 1,139,830 | ||||||
Comcast Corp. Class A | 383,806 | 13,114,651 | ||||||
Omnicom Group, Inc. | 35,717 | 2,595,554 | ||||||
Sirius XM Holdings, Inc.(a) | 182,941 | 1,141,552 | ||||||
Time Warner, Inc. | 68,730 | 6,500,484 | ||||||
Twenty-First Century Fox, Inc. Class A | 57,033 | 2,092,541 | ||||||
Twenty-First Century Fox, Inc. Class B | 43,474 | 1,581,149 | ||||||
Walt Disney Co. (The) | 120,702 | 12,123,309 | ||||||
|
| |||||||
Total Media | 40,289,070 | |||||||
Metals & Mining – 0.2% | ||||||||
Newmont Mining Corp. | 21,309 | 832,543 | ||||||
Nucor Corp. | 38,595 | 2,357,768 | ||||||
|
| |||||||
Total Metals & Mining | 3,190,311 | |||||||
Multi-Utilities – 1.6% | ||||||||
Ameren Corp. | 35,685 | 2,020,842 | ||||||
CenterPoint Energy, Inc. | 75,003 | 2,055,082 | ||||||
CMS Energy Corp. | 37,672 | 1,706,165 | ||||||
Consolidated Edison, Inc. | 48,617 | 3,789,209 | ||||||
Dominion Energy, Inc. | 115,102 | 7,761,328 | ||||||
DTE Energy Co. | 27,160 | 2,835,504 | ||||||
Public Service Enterprise Group, Inc. | 83,879 | 4,214,081 | ||||||
Sempra Energy | 34,901 | 3,881,689 | ||||||
WEC Energy Group, Inc. | 47,859 | 3,000,759 | ||||||
|
| |||||||
Total Multi-Utilities | 31,264,659 | |||||||
Multiline Retail – 0.5% | ||||||||
Dollar General Corp. | 15,317 | 1,432,905 | ||||||
Target Corp. | 109,136 | 7,577,313 | ||||||
|
| |||||||
Total Multiline Retail | 9,010,218 | |||||||
Oil, Gas & Consumable Fuels – 8.1% | ||||||||
Anadarko Petroleum Corp. | 10,822 | 653,757 | ||||||
Andeavor | 16,598 | 1,669,095 | ||||||
Apache Corp. | 46,777 | 1,799,979 | ||||||
Cabot Oil & Gas Corp. | 13,944 | 334,377 | ||||||
Chevron Corp. | 337,833 | 38,526,475 | ||||||
ConocoPhillips | 119,698 | 7,096,894 | ||||||
Devon Energy Corp. | 15,512 | 493,126 | ||||||
EOG Resources, Inc. | 18,734 | 1,972,128 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 39 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
March 31, 2018
Investments | Shares | Value | ||||||
EQT Corp. | 2,455 | $ | 116,637 | |||||
Exxon Mobil Corp. | 779,218 | 58,137,455 | ||||||
Hess Corp. | 32,712 | 1,655,881 | ||||||
Kinder Morgan, Inc. | 303,295 | 4,567,623 | ||||||
Marathon Petroleum Corp. | 61,106 | 4,467,460 | ||||||
Occidental Petroleum Corp. | 169,764 | 11,027,869 | ||||||
ONEOK, Inc. | 106,729 | 6,075,015 | ||||||
Phillips 66 | 70,022 | 6,716,510 | ||||||
Pioneer Natural Resources Co. | 397 | 68,197 | ||||||
Valero Energy Corp. | 69,976 | 6,491,674 | ||||||
Williams Cos., Inc. (The) | 167,602 | 4,166,586 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 156,036,738 | |||||||
Personal Products – 0.2% | ||||||||
Coty, Inc. Class A | 105,340 | 1,927,722 | ||||||
Estee Lauder Cos., Inc. (The) Class A | 14,264 | 2,135,606 | ||||||
|
| |||||||
Total Personal Products | 4,063,328 | |||||||
Pharmaceuticals – 6.6% | ||||||||
Bristol-Myers Squibb Co. | 202,436 | 12,804,077 | ||||||
Eli Lilly & Co. | 131,652 | 10,185,915 | ||||||
Johnson & Johnson | 316,790 | 40,596,638 | ||||||
Merck & Co., Inc. | 465,015 | 25,329,367 | ||||||
Pfizer, Inc. | 1,052,931 | 37,368,521 | ||||||
Zoetis, Inc. | 14,554 | 1,215,405 | ||||||
|
| |||||||
Total Pharmaceuticals | 127,499,923 | |||||||
Professional Services – 0.0% | ||||||||
Equifax, Inc. | 7,572 | 892,057 | ||||||
Road & Rail – 0.9% | ||||||||
CSX Corp. | 64,253 | 3,579,535 | ||||||
Norfolk Southern Corp. | 25,184 | 3,419,484 | ||||||
Union Pacific Corp. | 80,659 | 10,842,989 | ||||||
|
| |||||||
Total Road & Rail | 17,842,008 | |||||||
Semiconductors & Semiconductor Equipment – 4.0% | ||||||||
Analog Devices, Inc. | 38,034 | 3,466,039 | ||||||
Applied Materials, Inc. | 43,010 | 2,391,786 | ||||||
Intel Corp. | 581,710 | 30,295,457 | ||||||
KLA-Tencor Corp. | 18,190 | 1,982,892 | ||||||
Lam Research Corp. | 9,146 | 1,858,101 | ||||||
Maxim Integrated Products, Inc. | 39,638 | 2,387,000 | ||||||
Microchip Technology, Inc.(a) | 19,933 | 1,821,079 | ||||||
NVIDIA Corp. | 9,929 | 2,299,457 | ||||||
QUALCOMM, Inc. | 259,227 | 14,363,768 | ||||||
Skyworks Solutions, Inc. | 11,998 | 1,202,920 | ||||||
Texas Instruments, Inc. | 123,853 | 12,867,088 | ||||||
Xilinx, Inc. | 25,767 | 1,861,408 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 76,796,995 | |||||||
Software – 4.7% | ||||||||
Activision Blizzard, Inc. | 19,552 | 1,318,978 | ||||||
CA, Inc. | 62,750 | 2,127,225 | ||||||
Intuit, Inc. | 12,894 | 2,235,175 | ||||||
Microsoft Corp. | 761,477 | 69,500,006 | ||||||
Oracle Corp. | 316,794 | 14,493,326 | ||||||
Symantec Corp. | 33,257 | 859,693 | ||||||
|
| |||||||
Total Software | 90,534,403 | |||||||
Specialty Retail – 1.9% | ||||||||
Best Buy Co., Inc. | 31,768 | 2,223,442 | ||||||
Home Depot, Inc. (The) | 112,161 | 19,991,577 | ||||||
L Brands, Inc. | 56,813 | 2,170,825 | ||||||
Lowe’s Cos., Inc. | 77,983 | 6,843,008 | ||||||
Ross Stores, Inc. | 15,609 | 1,217,190 | ||||||
TJX Cos., Inc. (The) | 53,374 | 4,353,183 | ||||||
|
| |||||||
Total Specialty Retail | 36,799,225 | |||||||
Technology Hardware, Storage & Peripherals – 3.9% | ||||||||
Apple, Inc. | 377,754 | 63,379,566 | ||||||
Hewlett Packard Enterprise Co. | 167,073 | 2,930,461 | ||||||
HP, Inc. | 222,636 | 4,880,181 | ||||||
NetApp, Inc. | 18,558 | 1,144,843 | ||||||
Western Digital Corp. | 36,512 | 3,368,962 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 75,704,013 | |||||||
Textiles, Apparel & Luxury Goods – 0.5% | ||||||||
NIKE, Inc. Class B | 84,118 | 5,588,800 | ||||||
VF Corp. | 50,314 | 3,729,274 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 9,318,074 | |||||||
Tobacco – 2.7% | ||||||||
Altria Group, Inc. | 347,925 | 21,682,686 | ||||||
Philip Morris International, Inc. | 307,990 | 30,614,206 | ||||||
|
| |||||||
Total Tobacco | 52,296,892 | |||||||
Trading Companies & Distributors – 0.1% | ||||||||
Fastenal Co. | 33,490 | 1,828,219 | ||||||
Water Utilities – 0.1% | ||||||||
American Water Works Co., Inc. | 16,267 | 1,336,008 | ||||||
TOTAL COMMON STOCKS (Cost: $1,657,572,972) |
| 1,930,117,114 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1% | ||||||||
United States – 0.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) (Cost: $897,917)(c) | 897,917 | 897,917 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $1,658,470,889) | 1,931,015,031 | |||||||
Other Assets less Liabilities – 0.1% | 2,536,644 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,933,551,675 |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $2,678,592 and the total market value of the collateral held by the Fund was $2,753,664. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,855,747. |
See Notes to Financial Statements.
40 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.7% | ||||||||
United States – 99.7% | ||||||||
Aerospace & Defense – 1.3% | ||||||||
Arconic, Inc. | 378,748 | $ | 8,726,354 | |||||
BWX Technologies, Inc. | 57,451 | 3,649,862 | ||||||
Curtiss-Wright Corp. | 17,319 | 2,339,277 | ||||||
HEICO Corp. Class A | 10,567 | 749,729 | ||||||
Hexcel Corp. | 59,486 | 3,842,201 | ||||||
Huntington Ingalls Industries, Inc. | 44,318 | 11,423,408 | ||||||
Orbital ATK, Inc. | 45,890 | 6,085,473 | ||||||
Spirit AeroSystems Holdings, Inc. Class A | 44,938 | 3,761,310 | ||||||
|
| |||||||
Total Aerospace & Defense | 40,577,614 | |||||||
Air Freight & Logistics – 1.1% | ||||||||
C.H. Robinson Worldwide, Inc. | 231,250 | 21,670,437 | ||||||
Expeditors International of Washington, Inc. | 186,693 | 11,817,667 | ||||||
|
| |||||||
Total Air Freight & Logistics | 33,488,104 | |||||||
Airlines – 0.4% | ||||||||
Alaska Air Group, Inc. | 172,789 | 10,706,006 | ||||||
Auto Components – 1.6% | ||||||||
BorgWarner, Inc. | 214,312 | 10,764,892 | ||||||
Dana, Inc. | 84,522 | 2,177,287 | ||||||
Gentex Corp. | 454,585 | 10,464,546 | ||||||
Goodyear Tire & Rubber Co. (The) | 354,874 | 9,432,551 | ||||||
LCI Industries | 35,699 | 3,718,051 | ||||||
Lear Corp. | 62,257 | 11,585,405 | ||||||
|
| |||||||
Total Auto Components | 48,142,732 | |||||||
Automobiles – 0.7% | ||||||||
Harley-Davidson, Inc.(a) | 390,487 | 16,744,083 | ||||||
Thor Industries, Inc. | 42,053 | 4,843,244 | ||||||
|
| |||||||
Total Automobiles | 21,587,327 | |||||||
Banks – 3.4% | ||||||||
Associated Banc-Corp. | 101,036 | 2,510,745 | ||||||
Bank of Hawaii Corp. | 31,161 | 2,589,479 | ||||||
Bank of the Ozarks, Inc. | 60,640 | 2,927,093 | ||||||
BankUnited, Inc. | 67,601 | 2,702,688 | ||||||
BOK Financial Corp. | 40,338 | 3,993,059 | ||||||
Cathay General Bancorp | 54,330 | 2,172,113 | ||||||
Chemical Financial Corp. | 44,713 | 2,444,907 | ||||||
CIT Group, Inc. | 53,482 | 2,754,323 | ||||||
Columbia Banking System, Inc. | 41,454 | 1,738,995 | ||||||
Commerce Bancshares, Inc. | 49,358 | 2,957,038 | ||||||
Cullen/Frost Bankers, Inc. | 45,967 | 4,875,720 | ||||||
East West Bancorp, Inc. | 58,573 | 3,663,155 | ||||||
First Citizens BancShares, Inc. Class A | 1,166 | 481,838 | ||||||
First Hawaiian, Inc. | 124,034 | 3,451,866 | ||||||
First Horizon National Corp. | 125,763 | 2,368,117 | ||||||
FNB Corp. | 326,222 | 4,387,686 | ||||||
Fulton Financial Corp. | 127,238 | 2,258,474 | ||||||
Hancock Holding Co. | 49,250 | 2,546,225 | ||||||
Home BancShares, Inc. | 99,794 | 2,276,301 | ||||||
Iberiabank Corp. | 30,478 | 2,377,284 | ||||||
Investors Bancorp, Inc. | 233,179 | 3,180,562 | ||||||
MB Financial, Inc. | 46,116 | 1,866,776 | ||||||
PacWest Bancorp | 162,534 | 8,050,309 | ||||||
People’s United Financial, Inc. | 378,729 | 7,067,083 | ||||||
Pinnacle Financial Partners, Inc. | 19,293 | 1,238,611 | ||||||
Prosperity Bancshares, Inc. | 44,544 | 3,235,231 | ||||||
Sterling Bancorp | 73,867 | 1,665,701 | ||||||
Synovus Financial Corp. | 44,930 | 2,243,804 | ||||||
TCF Financial Corp. | 76,051 | 1,734,723 | ||||||
UMB Financial Corp. | 22,318 | 1,615,600 | ||||||
Umpqua Holdings Corp. | 224,693 | 4,810,677 | ||||||
United Bankshares, Inc. | 120,529 | 4,248,647 | ||||||
Webster Financial Corp. | 50,950 | 2,822,630 | ||||||
Wintrust Financial Corp. | 10,628 | 914,539 | ||||||
Zions Bancorp | 74,407 | 3,923,481 | ||||||
|
| |||||||
Total Banks | 104,095,480 | |||||||
Building Products – 0.9% | ||||||||
A.O. Smith Corp. | 106,342 | 6,762,288 | ||||||
Fortune Brands Home & Security, Inc. | 128,894 | 7,590,568 | ||||||
Lennox International, Inc. | 33,286 | 6,802,660 | ||||||
Owens Corning | 82,759 | 6,653,823 | ||||||
|
| |||||||
Total Building Products | 27,809,339 | |||||||
Capital Markets – 1.3% | ||||||||
Affiliated Managers Group, Inc. | 6,450 | 1,222,791 | ||||||
BGC Partners, Inc. Class A | 337,833 | 4,543,854 | ||||||
Eaton Vance Corp. | 78,378 | 4,363,303 | ||||||
Evercore, Inc. Class A | 19,906 | 1,735,803 | ||||||
FactSet Research Systems, Inc. | 13,165 | 2,625,364 | ||||||
Federated Investors, Inc. Class B | 88,637 | 2,960,476 | ||||||
Interactive Brokers Group, Inc. Class A | 13,592 | 913,926 | ||||||
Legg Mason, Inc. | 76,926 | 3,127,042 | ||||||
LPL Financial Holdings, Inc. | 51,114 | 3,121,532 | ||||||
MarketAxess Holdings, Inc. | 7,334 | 1,594,705 | ||||||
Morningstar, Inc. | 12,859 | 1,228,292 | ||||||
MSCI, Inc. | 32,780 | 4,899,627 | ||||||
Raymond James Financial, Inc. | 48,831 | 4,365,980 | ||||||
SEI Investments Co. | 38,322 | 2,870,701 | ||||||
Stifel Financial Corp. | 13,245 | 784,501 | ||||||
|
| |||||||
Total Capital Markets | 40,357,897 | |||||||
Chemicals – 4.5% | ||||||||
Ashland Global Holdings, Inc. | 63,620 | 4,440,040 | ||||||
Cabot Corp. | 107,482 | 5,988,897 | ||||||
CF Industries Holdings, Inc. | 580,665 | 21,908,490 | ||||||
Chemours Co. (The) | 39,296 | 1,914,108 | ||||||
FMC Corp. | 82,510 | 6,317,791 | ||||||
Huntsman Corp. | 324,982 | 9,505,723 | ||||||
International Flavors & Fragrances, Inc. | 114,993 | 15,743,692 | ||||||
Kronos Worldwide, Inc. | 227,507 | 5,141,658 | ||||||
Mosaic Co. (The) | 131,401 | 3,190,416 | ||||||
NewMarket Corp. | 17,064 | 6,854,268 | ||||||
Olin Corp. | 312,835 | 9,507,056 | ||||||
PolyOne Corp. | 102,055 | 4,339,379 | ||||||
RPM International, Inc. | 260,100 | 12,398,967 | ||||||
Scotts Miracle-Gro Co. (The) | 96,274 | 8,255,495 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 41 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2018
Investments | Shares | Value | ||||||
Sensient Technologies Corp. | 60,648 | $ | 4,280,536 | |||||
Valvoline, Inc. | 202,800 | 4,487,964 | ||||||
W.R. Grace & Co. | 64,630 | 3,957,295 | ||||||
Westlake Chemical Corp. | 90,407 | 10,048,738 | ||||||
|
| |||||||
Total Chemicals | 138,280,513 | |||||||
Commercial Services & Supplies – 1.3% | ||||||||
Brink’s Co. (The) | 29,293 | 2,090,056 | ||||||
Deluxe Corp. | 63,765 | 4,719,248 | ||||||
Healthcare Services Group, Inc.(a) | 88,178 | 3,833,979 | ||||||
KAR Auction Services, Inc. | 297,637 | 16,131,925 | ||||||
MSA Safety, Inc. | 54,554 | 4,541,075 | ||||||
Rollins, Inc. | 176,351 | 8,999,192 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 40,315,475 | |||||||
Communications Equipment – 0.3% | ||||||||
Juniper Networks, Inc. | 423,429 | 10,302,028 | ||||||
Construction & Engineering – 0.7% | ||||||||
EMCOR Group, Inc. | 19,614 | 1,528,519 | ||||||
Fluor Corp. | 190,774 | 10,916,088 | ||||||
Jacobs Engineering Group, Inc. | 86,912 | 5,140,845 | ||||||
Valmont Industries, Inc. | 16,169 | 2,365,525 | ||||||
|
| |||||||
Total Construction & Engineering | 19,950,977 | |||||||
Construction Materials – 0.1% | ||||||||
Eagle Materials, Inc. | 13,967 | 1,439,299 | ||||||
Consumer Finance – 0.4% | ||||||||
Ally Financial, Inc. | 223,278 | 6,061,998 | ||||||
Navient Corp. | 394,018 | 5,169,516 | ||||||
|
| |||||||
Total Consumer Finance | 11,231,514 | |||||||
Containers & Packaging – 2.4% | ||||||||
AptarGroup, Inc. | 73,414 | 6,594,780 | ||||||
Avery Dennison Corp. | 114,828 | 12,200,475 | ||||||
Bemis Co., Inc. | 184,203 | 8,016,515 | ||||||
Graphic Packaging Holding Co. | 489,107 | 7,507,792 | ||||||
Packaging Corp. of America | 164,528 | 18,542,306 | ||||||
Sealed Air Corp. | 194,096 | 8,305,368 | ||||||
Sonoco Products Co. | 231,993 | 11,251,660 | ||||||
|
| |||||||
Total Containers & Packaging | 72,418,896 | |||||||
Distributors – 0.2% | ||||||||
Pool Corp. | 37,020 | 5,413,064 | ||||||
Diversified Consumer Services – 0.8% | ||||||||
H&R Block, Inc. | 595,326 | 15,127,233 | ||||||
Service Corp. International | 241,855 | 9,127,608 | ||||||
|
| |||||||
Total Diversified Consumer Services | 24,254,841 | |||||||
Diversified Financial Services – 0.1% | ||||||||
Leucadia National Corp. | 162,308 | 3,689,261 | ||||||
Voya Financial, Inc. | 5,997 | 302,848 | ||||||
|
| |||||||
Total Diversified Financial Services | 3,992,109 | |||||||
Electric Utilities – 4.5% | ||||||||
ALLETE, Inc. | 111,253 | 8,038,029 | ||||||
Alliant Energy Corp. | 522,678 | 21,356,623 | ||||||
Great Plains Energy, Inc. | 559,663 | 17,791,687 | ||||||
Hawaiian Electric Industries, Inc. | 288,000 | 9,901,440 | ||||||
IDACORP, Inc. | 98,798 | 8,720,899 | ||||||
OGE Energy Corp. | 626,650 | 20,535,321 | ||||||
Pinnacle West Capital Corp. | 275,937 | 22,019,773 | ||||||
PNM Resources, Inc. | 141,193 | 5,400,632 | ||||||
Portland General Electric Co. | 200,058 | 8,104,350 | ||||||
Westar Energy, Inc. | 325,990 | 17,143,814 | ||||||
|
| |||||||
Total Electric Utilities | 139,012,568 | |||||||
Electrical Equipment – 0.6% | ||||||||
Acuity Brands, Inc. | 9,946 | 1,384,384 | ||||||
Hubbell, Inc. | 105,264 | 12,819,050 | ||||||
Regal Beloit Corp. | 48,309 | 3,543,465 | ||||||
|
| |||||||
Total Electrical Equipment | 17,746,899 | |||||||
Electronic Equipment, Instruments & Components – 1.7% | ||||||||
Avnet, Inc. | 182,554 | 7,623,455 | ||||||
Belden, Inc. | 7,844 | 540,765 | ||||||
CDW Corp. | 147,766 | 10,389,427 | ||||||
Cognex Corp. | 22,515 | 1,170,555 | ||||||
Dolby Laboratories, Inc. Class A | 51,680 | 3,284,781 | ||||||
FLIR Systems, Inc. | 143,524 | 7,177,635 | ||||||
Jabil, Inc. | 166,201 | 4,774,955 | ||||||
Littelfuse, Inc. | 13,737 | 2,859,769 | ||||||
National Instruments Corp. | 209,105 | 10,574,440 | ||||||
SYNNEX Corp. | 29,126 | 3,448,518 | ||||||
Universal Display Corp.(a) | 2,546 | 257,146 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 52,101,446 | |||||||
Energy Equipment & Services – 2.1% | ||||||||
Baker Hughes Co. | 825,565 | 22,925,940 | ||||||
Helmerich & Payne, Inc.(a) | 424,860 | 28,278,682 | ||||||
National Oilwell Varco, Inc. | 191,093 | 7,034,133 | ||||||
Patterson-UTI Energy, Inc. | 64,935 | 1,137,012 | ||||||
RPC, Inc.(a) | 198,774 | 3,583,895 | ||||||
|
| |||||||
Total Energy Equipment & Services | 62,959,662 | |||||||
Equity Real Estate Investment Trusts (REITs) – 15.3% | ||||||||
Alexandria Real Estate Equities, Inc. | 75,855 | 9,473,531 | ||||||
American Campus Communities, Inc. | 165,591 | 6,395,124 | ||||||
American Homes 4 Rent Class A | 78,406 | 1,574,392 | ||||||
Apartment Investment & Management Co. Class A | 153,861 | 6,269,836 | ||||||
Apple Hospitality REIT, Inc. | 408,648 | 7,179,945 | ||||||
Brixmor Property Group, Inc. | 572,049 | 8,723,747 | ||||||
Camden Property Trust | 91,625 | 7,712,993 | ||||||
Colony NorthStar, Inc. Class A | 1,465,938 | 8,238,572 | ||||||
CoreSite Realty Corp. | 33,185 | 3,327,128 | ||||||
Corporate Office Properties Trust | 115,006 | 2,970,605 | ||||||
Cousins Properties, Inc. | 335,149 | 2,909,093 | ||||||
CubeSmart | 203,813 | 5,747,527 | ||||||
CyrusOne, Inc. | 77,290 | 3,958,021 | ||||||
DCT Industrial Trust, Inc. | 67,987 | 3,830,388 | ||||||
Douglas Emmett, Inc. | 113,301 | 4,164,945 | ||||||
Duke Realty Corp. | 307,696 | 8,147,790 | ||||||
EastGroup Properties, Inc. | 28,028 | 2,316,794 |
See Notes to Financial Statements.
42 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2018
Investments | Shares | Value | ||||||
Empire State Realty Trust, Inc. Class A | 98,576 | $ | 1,655,091 | |||||
EPR Properties | 133,674 | 7,405,540 | ||||||
Equity LifeStyle Properties, Inc. | 57,005 | 5,003,329 | ||||||
Extra Space Storage, Inc. | 138,864 | 12,131,159 | ||||||
Federal Realty Investment Trust | 66,632 | 7,736,642 | ||||||
First Industrial Realty Trust, Inc. | 94,014 | 2,748,029 | ||||||
Forest City Realty Trust, Inc. Class A | 182,642 | 3,700,327 | ||||||
Gaming and Leisure Properties, Inc. | 448,972 | 15,027,093 | ||||||
GEO Group, Inc. (The) | 291,793 | 5,973,003 | ||||||
Gramercy Property Trust | 259,944 | 5,648,583 | ||||||
HCP, Inc. | 778,691 | 18,088,992 | ||||||
Healthcare Realty Trust, Inc. | 138,280 | 3,831,739 | ||||||
Healthcare Trust of America, Inc. Class A | 243,296 | 6,435,179 | ||||||
Highwoods Properties, Inc. | 106,276 | 4,657,014 | ||||||
Hospitality Properties Trust | 341,369 | 8,650,290 | ||||||
Hudson Pacific Properties, Inc. | 133,522 | 4,343,471 | ||||||
Invitation Homes, Inc. | 215,966 | 4,930,504 | ||||||
Iron Mountain, Inc. | 473,930 | 15,573,340 | ||||||
JBG SMITH Properties | 97,753 | 3,295,254 | ||||||
Kilroy Realty Corp. | 66,280 | 4,703,229 | ||||||
Kimco Realty Corp. | 792,909 | 11,417,890 | ||||||
Lamar Advertising Co. Class A | 110,087 | 7,008,138 | ||||||
LaSalle Hotel Properties | 217,727 | 6,316,260 | ||||||
Liberty Property Trust | 162,521 | 6,456,959 | ||||||
Life Storage, Inc. | 62,327 | 5,205,551 | ||||||
Macerich Co. (The) | 189,607 | 10,621,784 | ||||||
Medical Properties Trust, Inc. | 770,866 | 10,021,258 | ||||||
Mid-America Apartment Communities, Inc. | 116,806 | 10,657,379 | ||||||
National Health Investors, Inc. | 60,690 | 4,083,830 | ||||||
National Retail Properties, Inc. | 205,123 | 8,053,129 | ||||||
Omega Healthcare Investors, Inc.(a) | 566,874 | 15,328,273 | ||||||
Outfront Media, Inc. | 252,418 | 4,730,313 | ||||||
Paramount Group, Inc. | 173,291 | 2,467,664 | ||||||
Park Hotels & Resorts, Inc. | 396,160 | 10,704,243 | ||||||
PS Business Parks, Inc. | 21,512 | 2,431,716 | ||||||
Rayonier, Inc. | 124,970 | 4,396,445 | ||||||
Regency Centers Corp. | 159,956 | 9,434,205 | ||||||
RLJ Lodging Trust | 318,938 | 6,200,155 | ||||||
Ryman Hospitality Properties, Inc. | 72,475 | 5,613,189 | ||||||
Sabra Health Care REIT, Inc. | 512,345 | 9,042,889 | ||||||
Senior Housing Properties Trust | 587,578 | 9,201,471 | ||||||
SL Green Realty Corp. | 88,826 | 8,601,022 | ||||||
Spirit Realty Capital, Inc. | 1,158,765 | 8,992,016 | ||||||
STORE Capital Corp. | 272,226 | 6,756,649 | ||||||
Sun Communities, Inc. | 67,829 | 6,197,536 | ||||||
Sunstone Hotel Investors, Inc. | 81,120 | 1,234,646 | ||||||
Taubman Centers, Inc. | 76,021 | 4,326,355 | ||||||
UDR, Inc. | 257,934 | 9,187,609 | ||||||
VEREIT, Inc. | 2,026,080 | 14,101,517 | ||||||
W.P. Carey, Inc. | 185,052 | 11,471,373 | ||||||
Weingarten Realty Investors | 181,369 | 5,092,842 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 469,832,545 | |||||||
Food & Staples Retailing – 0.1% | ||||||||
Casey’s General Stores, Inc. | 25,279 | 2,774,876 | ||||||
Food Products – 2.5% | ||||||||
Flowers Foods, Inc. | 575,015 | 12,569,828 | ||||||
Ingredion, Inc. | 100,481 | 12,954,011 | ||||||
Lamb Weston Holdings, Inc. | 158,951 | 9,254,127 | ||||||
Lancaster Colony Corp. | 40,363 | 4,970,300 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 200,089 | 21,287,469 | ||||||
Pinnacle Foods, Inc. | 223,045 | 12,066,734 | ||||||
Sanderson Farms, Inc. | 13,305 | 1,583,561 | ||||||
Seaboard Corp. | 121 | 516,065 | ||||||
|
| |||||||
Total Food Products | 75,202,095 | |||||||
Gas Utilities – 2.4% | ||||||||
Atmos Energy Corp. | 188,486 | 15,878,061 | ||||||
National Fuel Gas Co. | 200,599 | 10,320,818 | ||||||
New Jersey Resources Corp. | 175,297 | 7,029,410 | ||||||
ONE Gas, Inc. | 90,808 | 5,995,144 | ||||||
Southwest Gas Holdings, Inc. | 91,211 | 6,168,600 | ||||||
Spire, Inc. | 109,120 | 7,889,376 | ||||||
UGI Corp. | 285,221 | 12,669,517 | ||||||
WGL Holdings, Inc. | 98,773 | 8,262,361 | ||||||
|
| |||||||
Total Gas Utilities | 74,213,287 | |||||||
Health Care Equipment & Supplies – 1.0% | ||||||||
Cantel Medical Corp. | 5,561 | 619,551 | ||||||
Cooper Cos., Inc. (The) | 1,156 | 264,504 | ||||||
Hill-Rom Holdings, Inc. | 46,834 | 4,074,558 | ||||||
ResMed, Inc. | 187,661 | 18,478,979 | ||||||
Teleflex, Inc. | 20,149 | 5,137,592 | ||||||
West Pharmaceutical Services, Inc. | 34,391 | 3,036,381 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 31,611,565 | |||||||
Health Care Providers & Services – 0.6% | ||||||||
Chemed Corp. | 5,831 | 1,591,047 | ||||||
Encompass Health Corp. | 160,970 | 9,202,655 | ||||||
Patterson Cos., Inc. | 223,753 | 4,974,029 | ||||||
Universal Health Services, Inc. Class B | 24,647 | 2,918,451 | ||||||
|
| |||||||
Total Health Care Providers & Services | 18,686,182 | |||||||
Hotels, Restaurants & Leisure – 4.6% | ||||||||
Aramark | 194,800 | 7,706,288 | ||||||
Boyd Gaming Corp. | 54,682 | 1,742,168 | ||||||
Choice Hotels International, Inc. | 50,877 | 4,077,791 | ||||||
Churchill Downs, Inc. | 7,915 | 1,931,656 | ||||||
Cracker Barrel Old Country Store, Inc.(a) | 58,211 | 9,267,191 | ||||||
Darden Restaurants, Inc. | 292,859 | 24,966,230 | ||||||
Domino’s Pizza, Inc. | 35,100 | 8,197,956 | ||||||
Dunkin’ Brands Group, Inc.(a) | 155,330 | 9,271,648 | ||||||
ILG, Inc. | 211,202 | 6,570,494 | ||||||
Marriott Vacations Worldwide Corp. | 23,076 | 3,073,723 | ||||||
Six Flags Entertainment Corp. | 289,534 | 18,026,387 | ||||||
Texas Roadhouse, Inc. | 92,790 | 5,361,406 | ||||||
Vail Resorts, Inc. | 61,501 | 13,634,772 | ||||||
Wendy’s Co. (The) | 357,983 | 6,282,602 | ||||||
Wyndham Worldwide Corp. | 170,075 | 19,461,682 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 139,571,994 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2018
Investments | Shares | Value | ||||||
Household Durables – 1.7% | ||||||||
Leggett & Platt, Inc. | 333,883 | $ | 14,811,050 | |||||
Lennar Corp. Class A | 65,862 | 3,881,906 | ||||||
PulteGroup, Inc. | 264,220 | 7,791,848 | ||||||
Toll Brothers, Inc. | 87,866 | 3,800,205 | ||||||
Whirlpool Corp. | 150,985 | 23,117,313 | ||||||
|
| |||||||
Total Household Durables | 53,402,322 | |||||||
Household Products – 0.8% | ||||||||
Church & Dwight Co., Inc. | 319,189 | 16,074,358 | ||||||
Spectrum Brands Holdings, Inc.(a) | 67,501 | 6,999,854 | ||||||
|
| |||||||
Total Household Products | 23,074,212 | |||||||
Independent Power & Renewable Electricity Producers – 1.0% | ||||||||
AES Corp. | 2,382,770 | 27,092,095 | ||||||
NRG Energy, Inc. | 116,471 | 3,555,859 | ||||||
Ormat Technologies, Inc. | 20,057 | 1,130,814 | ||||||
|
| |||||||
Total Independent Power & Renewable Electricity Producers | 31,778,768 | |||||||
Industrial Conglomerates – 0.2% | ||||||||
Carlisle Cos., Inc. | 64,359 | 6,719,723 | ||||||
Insurance – 2.6% | ||||||||
American Financial Group, Inc. | 35,697 | 4,005,917 | ||||||
American National Insurance Co. | 21,602 | 2,526,570 | ||||||
Arthur J. Gallagher & Co. | 131,795 | 9,058,270 | ||||||
Assurant, Inc. | 36,856 | 3,369,007 | ||||||
Brown & Brown, Inc. | 97,606 | 2,483,097 | ||||||
Cincinnati Financial Corp. | 134,581 | 9,993,985 | ||||||
CNO Financial Group, Inc. | 72,882 | 1,579,353 | ||||||
Erie Indemnity Co. Class A | 36,412 | 4,283,508 | ||||||
First American Financial Corp. | 93,209 | 5,469,504 | ||||||
FNF Group | 223,002 | 8,924,540 | ||||||
Hanover Insurance Group, Inc. (The) | 24,370 | 2,872,979 | ||||||
Kemper Corp. | 21,247 | 1,211,079 | ||||||
Old Republic International Corp. | 291,977 | 6,262,907 | ||||||
Primerica, Inc. | 10,576 | 1,021,641 | ||||||
ProAssurance Corp. | 32,703 | 1,587,731 | ||||||
Reinsurance Group of America, Inc. | 24,038 | 3,701,852 | ||||||
Selective Insurance Group, Inc. | 20,641 | 1,252,909 | ||||||
Torchmark Corp. | 23,586 | 1,985,234 | ||||||
Unum Group | 109,905 | 5,232,577 | ||||||
W.R. Berkley Corp. | 29,283 | 2,128,874 | ||||||
|
| |||||||
Total Insurance | 78,951,534 | |||||||
Internet Software & Services – 0.4% | ||||||||
j2 Global, Inc. | 83,213 | 6,567,170 | ||||||
LogMeIn, Inc. | 37,166 | 4,294,531 | ||||||
|
| |||||||
Total Internet Software & Services | 10,861,701 | |||||||
IT Services – 3.3% | ||||||||
Booz Allen Hamilton Holding Corp. | 207,341 | 8,028,243 | ||||||
Broadridge Financial Solutions, Inc. | 154,691 | 16,968,056 | ||||||
CSRA, Inc. | 178,907 | 7,376,336 | ||||||
DST Systems, Inc. | 56,558 | 4,731,077 | ||||||
Jack Henry & Associates, Inc. | 66,142 | 7,999,875 | ||||||
Leidos Holdings, Inc. | 245,130 | 16,031,502 | ||||||
MAXIMUS, Inc. | 13,429 | 896,251 | ||||||
Sabre Corp. | 649,335 | 13,928,236 | ||||||
Western Union Co. (The) | 1,341,098 | 25,789,314 | ||||||
|
| |||||||
Total IT Services | 101,748,890 | |||||||
Leisure Products – 1.2% | ||||||||
Brunswick Corp. | 95,518 | 5,672,814 | ||||||
Hasbro, Inc. | 252,506 | 21,286,256 | ||||||
Polaris Industries, Inc. | 89,779 | 10,281,491 | ||||||
|
| |||||||
Total Leisure Products | 37,240,561 | |||||||
Life Sciences Tools & Services – 0.3% | ||||||||
Bio-Techne Corp. | 30,148 | 4,553,554 | ||||||
Bruker Corp. | 59,663 | 1,785,117 | ||||||
PerkinElmer, Inc. | 35,505 | 2,688,438 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 9,027,109 | |||||||
Machinery – 4.2% | ||||||||
AGCO Corp. | 49,574 | 3,214,874 | ||||||
Allison Transmission Holdings, Inc. | 167,246 | 6,532,629 | ||||||
Barnes Group, Inc. | 36,406 | 2,180,355 | ||||||
Crane Co. | 73,333 | 6,800,903 | ||||||
Donaldson Co., Inc. | 154,217 | 6,947,476 | ||||||
Flowserve Corp. | 193,228 | 8,372,569 | ||||||
Graco, Inc. | 153,249 | 7,006,544 | ||||||
IDEX Corp. | 69,540 | 9,910,145 | ||||||
ITT, Inc. | 68,805 | 3,370,069 | ||||||
John Bean Technologies Corp. | 8,876 | 1,006,538 | ||||||
Kennametal, Inc. | 116,331 | 4,671,853 | ||||||
Lincoln Electric Holdings, Inc. | 91,050 | 8,189,948 | ||||||
Nordson Corp. | 43,881 | 5,982,736 | ||||||
Oshkosh Corp. | 65,429 | 5,055,699 | ||||||
Snap-on, Inc. | 88,469 | 13,052,716 | ||||||
Terex Corp. | 48,400 | 1,810,644 | ||||||
Timken Co. (The) | 138,667 | 6,323,215 | ||||||
Toro Co. (The) | 91,707 | 5,727,102 | ||||||
Trinity Industries, Inc. | 176,553 | 5,760,924 | ||||||
Wabtec Corp.(a) | 48,023 | 3,909,072 | ||||||
Woodward, Inc. | 32,601 | 2,336,188 | ||||||
Xylem, Inc. | 153,117 | 11,777,760 | ||||||
|
| |||||||
Total Machinery | 129,939,959 | |||||||
Media – 2.6% | ||||||||
Cable One, Inc. | 4,752 | 3,265,147 | ||||||
Cinemark Holdings, Inc. | 305,572 | 11,510,897 | ||||||
Interpublic Group of Cos., Inc. (The) | 1,119,240 | 25,776,097 | ||||||
News Corp. Class A | 379,726 | 5,999,671 | ||||||
News Corp. Class B | 196,820 | 3,168,802 | ||||||
Tribune Media Co. Class A | 169,863 | 6,881,150 | ||||||
Viacom, Inc. Class B | 784,542 | 24,367,875 | ||||||
|
| |||||||
Total Media | 80,969,639 | |||||||
Metals & Mining – 1.1% | ||||||||
Reliance Steel & Aluminum Co. | 126,927 | 10,882,721 | ||||||
Royal Gold, Inc. | 63,737 | 5,473,096 | ||||||
Steel Dynamics, Inc. | 294,868 | 13,039,063 | ||||||
United States Steel Corp. | 84,248 | 2,964,687 | ||||||
|
| |||||||
Total Metals & Mining | 32,359,567 |
See Notes to Financial Statements.
44 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2018
Investments | Shares | Value | ||||||
Multi-Utilities – 2.3% | ||||||||
Avista Corp. | 146,160 | $ | 7,490,700 | |||||
MDU Resources Group, Inc. | 447,990 | 12,615,398 | ||||||
NiSource, Inc. | 700,649 | 16,752,518 | ||||||
SCANA Corp. | 618,160 | 23,211,908 | ||||||
Vectren Corp. | 175,840 | 11,239,693 | ||||||
|
| |||||||
Total Multi-Utilities | 71,310,217 | |||||||
Multiline Retail – 3.4% | ||||||||
Kohl’s Corp. | 605,684 | 39,678,359 | ||||||
Macy’s, Inc. | 1,441,962 | 42,883,950 | ||||||
Nordstrom, Inc.(a) | 435,882 | 21,101,047 | ||||||
|
| |||||||
Total Multiline Retail | 103,663,356 | |||||||
Oil, Gas & Consumable Fuels – 4.6% | ||||||||
Cimarex Energy Co. | 21,218 | 1,983,883 | ||||||
HollyFrontier Corp. | 420,099 | 20,526,037 | ||||||
Marathon Oil Corp. | 913,605 | 14,736,449 | ||||||
Murphy Oil Corp. | 494,555 | 12,779,301 | ||||||
Noble Energy, Inc. | 587,868 | 17,812,400 | ||||||
PBF Energy, Inc. Class A | 323,063 | 10,951,836 | ||||||
Range Resources Corp.(a) | 97,238 | 1,413,841 | ||||||
Targa Resources Corp. | 1,402,352 | 61,703,488 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 141,907,235 | |||||||
Personal Products – 0.2% | ||||||||
Nu Skin Enterprises, Inc. Class A | 92,054 | 6,785,300 | ||||||
Professional Services – 0.8% | ||||||||
Dun & Bradstreet Corp. (The) | 48,957 | 5,727,969 | ||||||
ManpowerGroup, Inc. | 78,618 | 9,048,932 | ||||||
Robert Half International, Inc. | 176,809 | 10,235,473 | ||||||
|
| |||||||
Total Professional Services | 25,012,374 | |||||||
Real Estate Management & Development – 0.1% | ||||||||
Jones Lang LaSalle, Inc. | 6,918 | 1,208,160 | ||||||
Realogy Holdings Corp.(a) | 54,318 | 1,481,795 | ||||||
|
| |||||||
Total Real Estate Management & Development | 2,689,955 | |||||||
Road & Rail – 1.1% | ||||||||
JB Hunt Transport Services, Inc. | 72,331 | 8,473,577 | ||||||
Kansas City Southern | 108,380 | 11,905,543 | ||||||
Knight-Swift Transportation Holdings, Inc. | 77,951 | 3,586,525 | ||||||
Landstar System, Inc. | 12,466 | 1,366,897 | ||||||
Old Dominion Freight Line, Inc. | 19,665 | 2,890,165 | ||||||
Ryder System, Inc. | 94,559 | 6,882,950 | ||||||
|
| |||||||
Total Road & Rail | 35,105,657 | |||||||
Semiconductors & Semiconductor Equipment – 1.0% | ||||||||
Cypress Semiconductor Corp. | 781,951 | 13,261,889 | ||||||
Entegris, Inc. | 111,327 | 3,874,179 | ||||||
MKS Instruments, Inc. | 34,241 | 3,959,972 | ||||||
Monolithic Power Systems, Inc. | 24,134 | 2,793,993 | ||||||
Teradyne, Inc. | 111,324 | 5,088,620 | ||||||
Versum Materials, Inc. | 46,292 | 1,741,968 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 30,720,621 | |||||||
Software – 0.5% | ||||||||
Blackbaud, Inc. | 19,943 | 2,030,397 | ||||||
CDK Global, Inc. | 94,628 | 5,993,737 | ||||||
Pegasystems, Inc. | 15,315 | 928,855 | ||||||
SS&C Technologies Holdings, Inc. | 115,159 | 6,177,129 | ||||||
|
| |||||||
Total Software | 15,130,118 | |||||||
Specialty Retail – 3.0% | ||||||||
Advance Auto Parts, Inc. | 13,773 | 1,632,789 | ||||||
Foot Locker, Inc. | 278,911 | 12,701,607 | ||||||
Gap, Inc. (The) | 873,037 | 27,238,754 | ||||||
Penske Automotive Group, Inc. | 192,608 | 8,538,313 | ||||||
Tiffany & Co. | 210,987 | 20,604,990 | ||||||
Tractor Supply Co.(a) | 163,632 | 10,312,089 | ||||||
Williams-Sonoma, Inc.(a) | 202,549 | 10,686,485 | ||||||
|
| |||||||
Total Specialty Retail | 91,715,027 | |||||||
Technology Hardware, Storage & Peripherals – 0.7% | ||||||||
Xerox Corp. | 699,326 | 20,126,602 | ||||||
Textiles, Apparel & Luxury Goods – 2.5% | ||||||||
Carter’s, Inc. | 50,288 | 5,234,981 | ||||||
Columbia Sportswear Co. | 63,489 | 4,852,464 | ||||||
Hanesbrands, Inc.(a) | 859,896 | 15,839,284 | ||||||
PVH Corp. | 6,992 | 1,058,799 | ||||||
Ralph Lauren Corp. | 86,635 | 9,685,793 | ||||||
Tapestry, Inc. | 736,990 | 38,773,044 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 75,444,365 | |||||||
Thrifts & Mortgage Finance – 0.5% | ||||||||
New York Community Bancorp, Inc. | 760,351 | 9,907,374 | ||||||
Radian Group, Inc. | 5,260 | 100,150 | ||||||
TFS Financial Corp. | 370,814 | 5,447,258 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 15,454,782 | |||||||
Trading Companies & Distributors – 1.7% | ||||||||
Air Lease Corp. | 75,148 | 3,202,808 | ||||||
MSC Industrial Direct Co., Inc. Class A | 75,502 | 6,924,289 | ||||||
W.W. Grainger, Inc. | 105,605 | 29,809,123 | ||||||
Watsco, Inc. | 73,397 | 13,282,655 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 53,218,875 | |||||||
Transportation Infrastructure – 0.7% | ||||||||
Macquarie Infrastructure Corp. | 594,133 | 21,941,332 | ||||||
Water Utilities – 0.3% | ||||||||
Aqua America, Inc. | 308,386 | 10,503,627 | ||||||
TOTAL COMMON STOCKS (Cost: $2,816,007,671) |
| 3,054,879,762 | ||||||
EXCHANGE-TRADED FUND – 0.0% | ||||||||
United States – 0.0% | ||||||||
WisdomTree U.S. LargeCap Dividend Fund(b) (Cost: $1,571,391) | 16,807 | 1,487,251 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6% | ||||||||
United States – 1.6% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) (Cost: $47,791,085)(d) | 47,791,085 | 47,791,085 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 45 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. MidCap Dividend Fund (DON)
March 31, 2018
Investments | Value | |||||
TOTAL INVESTMENTS IN SECURITIES – 101.3% (Cost: $2,865,370,147) | $ | 3,104,158,098 | ||||
Other Assets less Liabilities – (1.3)% | (39,681,059 | ) | ||||
|
| |||||
NET ASSETS – 100.0% | $ | 3,064,477,039 |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $73,769,348 and the total market value of the collateral held by the Fund was $75,165,224. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $27,374,139. |
See Notes to Financial Statements.
46 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree U.S. MidCap Earnings Fund (EZM)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% | ||||||||
United States – 99.6% | ||||||||
Aerospace & Defense – 1.9% | ||||||||
Aerojet Rocketdyne Holdings, Inc.* | 21,465 | $ | 600,376 | |||||
BWX Technologies, Inc. | 35,349 | 2,245,722 | ||||||
Curtiss-Wright Corp. | 20,122 | 2,717,878 | ||||||
HEICO Corp. | 27,263 | 2,366,701 | ||||||
Hexcel Corp. | 47,518 | 3,069,188 | ||||||
KLX, Inc.* | 14,226 | 1,010,900 | ||||||
Mercury Systems, Inc.* | 8,064 | 389,652 | ||||||
Moog, Inc. Class A* | 18,188 | 1,498,873 | ||||||
Orbital ATK, Inc. | 26,539 | 3,519,337 | ||||||
Teledyne Technologies, Inc.* | 13,311 | 2,491,420 | ||||||
|
| |||||||
Total Aerospace & Defense | 19,910,047 | |||||||
Airlines – 1.2% | ||||||||
Allegiant Travel Co. | 11,328 | 1,954,646 | ||||||
Hawaiian Holdings, Inc. | 53,153 | 2,057,021 | ||||||
JetBlue Airways Corp.* | 328,815 | 6,681,521 | ||||||
Spirit Airlines, Inc.* | 55,555 | 2,098,868 | ||||||
|
| |||||||
Total Airlines | 12,792,056 | |||||||
Auto Components – 1.9% | ||||||||
Cooper-Standard Holdings, Inc.* | 12,970 | 1,592,846 | ||||||
Dana, Inc. | 241,190 | 6,213,054 | ||||||
Dorman Products, Inc.* | 19,600 | 1,297,716 | ||||||
Gentex Corp. | 200,692 | 4,619,930 | ||||||
LCI Industries | 12,281 | 1,279,066 | ||||||
Tenneco, Inc. | 52,174 | 2,862,787 | ||||||
Visteon Corp.* | 14,936 | 1,646,545 | ||||||
|
| |||||||
Total Auto Components | 19,511,944 | |||||||
Banks – 9.0% | ||||||||
Associated Banc-Corp. | 75,112 | 1,866,533 | ||||||
BancorpSouth Bank | 38,892 | 1,236,766 | ||||||
Bank of Hawaii Corp. | 18,227 | 1,514,664 | ||||||
Bank of the Ozarks, Inc. | 65,287 | 3,151,403 | ||||||
BankUnited, Inc. | 52,388 | 2,094,472 | ||||||
BOK Financial Corp. | 29,271 | 2,897,536 | ||||||
Cathay General Bancorp | 38,034 | 1,520,599 | ||||||
Chemical Financial Corp. | 28,689 | 1,568,715 | ||||||
CIT Group, Inc. | 40,429 | 2,082,094 | ||||||
Columbia Banking System, Inc. | 23,837 | 999,962 | ||||||
Commerce Bancshares, Inc. | 42,497 | 2,545,995 | ||||||
Community Bank System, Inc. | 16,510 | 884,276 | ||||||
Cullen/Frost Bankers, Inc. | 29,795 | 3,160,356 | ||||||
CVB Financial Corp. | 39,137 | 886,062 | ||||||
FCB Financial Holdings, Inc. Class A* | 21,594 | 1,103,453 | ||||||
First Citizens BancShares, Inc. Class A | 6,637 | 2,742,674 | ||||||
First Financial Bankshares, Inc.(a) | 20,163 | 933,547 | ||||||
First Hawaiian, Inc. | 64,042 | 1,782,289 | ||||||
First Horizon National Corp. | 109,007 | 2,052,602 | ||||||
First Midwest Bancorp, Inc. | 39,925 | 981,756 | ||||||
FNB Corp. | 130,650 | 1,757,243 | ||||||
Fulton Financial Corp. | 84,000 | 1,491,000 | ||||||
Glacier Bancorp, Inc. | 28,664 | 1,100,124 | ||||||
Great Western Bancorp, Inc. | 30,556 | 1,230,490 | ||||||
Hancock Holding Co. | 34,800 | 1,799,160 | ||||||
Hilltop Holdings, Inc. | 55,327 | 1,297,971 | ||||||
Home BancShares, Inc. | 59,996 | 1,368,509 | ||||||
Hope Bancorp, Inc. | 74,803 | 1,360,667 | ||||||
Iberiabank Corp. | 19,139 | 1,492,842 | ||||||
International Bancshares Corp. | 31,292 | 1,217,259 | ||||||
Investors Bancorp, Inc. | 107,563 | 1,467,159 | ||||||
MB Financial, Inc. | 37,421 | 1,514,802 | ||||||
Old National Bancorp | 67,723 | 1,144,519 | ||||||
PacWest Bancorp | 63,061 | 3,123,411 | ||||||
People’s United Financial, Inc. | 130,751 | 2,439,814 | ||||||
Pinnacle Financial Partners, Inc. | 23,260 | 1,493,292 | ||||||
Popular, Inc. | 47,491 | 1,976,575 | ||||||
Prosperity Bancshares, Inc. | 33,394 | 2,425,406 | ||||||
ServisFirst Bancshares, Inc. | 19,410 | 792,316 | ||||||
Signature Bank* | 23,579 | 3,347,039 | ||||||
Simmons First National Corp. Class A | 31,099 | 884,767 | ||||||
South State Corp. | 10,245 | 873,899 | ||||||
Sterling Bancorp | 56,099 | 1,265,032 | ||||||
Synovus Financial Corp. | 52,181 | 2,605,919 | ||||||
TCF Financial Corp. | 77,404 | 1,765,585 | ||||||
Texas Capital Bancshares, Inc.* | 17,879 | 1,607,322 | ||||||
Trustmark Corp. | 29,448 | 917,600 | ||||||
UMB Financial Corp. | 20,600 | 1,491,234 | ||||||
Umpqua Holdings Corp. | 91,130 | 1,951,093 | ||||||
United Bankshares, Inc. | 41,481 | 1,462,205 | ||||||
Valley National Bancorp | 125,665 | 1,565,786 | ||||||
Webster Financial Corp. | 34,838 | 1,930,025 | ||||||
Western Alliance Bancorp* | 43,655 | 2,536,792 | ||||||
Wintrust Financial Corp. | 23,457 | 2,018,475 | ||||||
|
| |||||||
Total Banks | 92,721,086 | |||||||
Beverages – 0.1% | ||||||||
National Beverage Corp. | 12,868 | 1,145,509 | ||||||
Biotechnology – 0.8% | ||||||||
Ionis Pharmaceuticals, Inc.* | 3,271 | 144,186 | ||||||
Ligand Pharmaceuticals, Inc.*(a) | 1,530 | 252,695 | ||||||
Myriad Genetics, Inc.* | 34,329 | 1,014,422 | ||||||
United Therapeutics Corp.* | 59,260 | 6,658,453 | ||||||
|
| |||||||
Total Biotechnology | 8,069,756 | |||||||
Building Products – 1.1% | ||||||||
Armstrong World Industries, Inc.* | 25,926 | 1,459,634 | ||||||
Builders FirstSource, Inc.* | 48,821 | 968,609 | ||||||
JELD-WEN Holding, Inc.* | 105,215 | 3,221,683 | ||||||
Simpson Manufacturing Co., Inc. | 18,150 | 1,045,258 | ||||||
Trex Co., Inc.* | 8,945 | 972,948 | ||||||
Universal Forest Products, Inc. | 31,024 | 1,006,729 | ||||||
USG Corp.* | 57,117 | 2,308,669 | ||||||
|
| |||||||
Total Building Products | 10,983,530 | |||||||
Capital Markets – 1.6% | ||||||||
BGC Partners, Inc. Class A | 70,990 | 954,816 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Earnings Fund (EZM)
March 31, 2018
Investments | Shares | Value | ||||||
Cohen & Steers, Inc. | 17,834 | $ | 725,130 | |||||
Eaton Vance Corp. | 41,133 | 2,289,874 | ||||||
Evercore, Inc. Class A | 17,645 | 1,538,644 | ||||||
Federated Investors, Inc. Class B | 48,731 | 1,627,615 | ||||||
Interactive Brokers Group, Inc. Class A | 11,339 | 762,434 | ||||||
Legg Mason, Inc. | 52,486 | 2,133,556 | ||||||
LPL Financial Holdings, Inc. | 32,484 | 1,983,798 | ||||||
MarketAxess Holdings, Inc. | 6,270 | 1,363,349 | ||||||
Morningstar, Inc. | 14,961 | 1,429,075 | ||||||
Stifel Financial Corp. | 30,229 | 1,790,464 | ||||||
|
| |||||||
Total Capital Markets | 16,598,755 | |||||||
Chemicals – 2.5% | ||||||||
Balchem Corp. | �� | 8,778 | 717,602 | |||||
Cabot Corp. | 45,830 | 2,553,648 | ||||||
H.B. Fuller Co. | 21,757 | 1,081,976 | ||||||
Ingevity Corp.* | 14,168 | 1,044,040 | ||||||
Kronos Worldwide, Inc. | 147,269 | 3,328,279 | ||||||
Minerals Technologies, Inc. | 25,716 | 1,721,686 | ||||||
NewMarket Corp. | 6,725 | 2,701,298 | ||||||
Olin Corp. | 24,946 | 758,109 | ||||||
PolyOne Corp. | 42,331 | 1,799,914 | ||||||
Quaker Chemical Corp. | 3,271 | 484,533 | ||||||
RPM International, Inc. | 57,494 | 2,740,739 | ||||||
Scotts Miracle-Gro Co. (The) | 21,603 | 1,852,457 | ||||||
Sensient Technologies Corp. | 15,681 | 1,106,765 | ||||||
Valvoline, Inc. | 139,256 | 3,081,735 | ||||||
W.R. Grace & Co. | 20,084 | 1,229,743 | ||||||
|
| |||||||
Total Chemicals | 26,202,524 | |||||||
Commercial Services & Supplies – 1.3% | ||||||||
ABM Industries, Inc. | 24,663 | 825,717 | ||||||
Brink’s Co. (The) | 11,942 | 852,062 | ||||||
Clean Harbors, Inc.* | 924 | 45,100 | ||||||
Deluxe Corp. | 34,368 | 2,543,576 | ||||||
Healthcare Services Group, Inc. | 19,017 | 826,859 | ||||||
KAR Auction Services, Inc. | 51,577 | 2,795,473 | ||||||
MSA Safety, Inc. | 13,783 | 1,147,297 | ||||||
Stericycle, Inc.* | 41,726 | 2,442,223 | ||||||
Tetra Tech, Inc. | 27,644 | 1,353,174 | ||||||
UniFirst Corp. | 4,762 | 769,777 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 13,601,258 | |||||||
Communications Equipment – 1.3% | ||||||||
Ciena Corp.* | 74,014 | 1,916,963 | ||||||
CommScope Holding Co., Inc.* | 56,884 | 2,273,653 | ||||||
EchoStar Corp. Class A* | 21,357 | 1,127,009 | ||||||
Finisar Corp.*(a) | 150,653 | 2,381,824 | ||||||
InterDigital, Inc. | 37,473 | 2,758,013 | ||||||
NetScout Systems, Inc.* | 5,690 | 149,931 | ||||||
Ubiquiti Networks, Inc.*(a) | 44,564 | 3,066,003 | ||||||
|
| |||||||
Total Communications Equipment | 13,673,396 | |||||||
Construction & Engineering – 1.8% | ||||||||
AECOM* | 98,470 | 3,508,486 | ||||||
Dycom Industries, Inc.* | 13,724 | 1,477,114 | ||||||
EMCOR Group, Inc. | 30,376 | 2,367,202 | ||||||
Fluor Corp. | 45,210 | 2,586,916 | ||||||
Granite Construction, Inc. | 9,123 | 509,611 | ||||||
KBR, Inc. | 41,632 | 674,022 | ||||||
MasTec, Inc.* | 56,717 | 2,668,535 | ||||||
Quanta Services, Inc.* | 82,528 | 2,834,837 | ||||||
Valmont Industries, Inc. | 12,678 | 1,854,791 | ||||||
|
| |||||||
Total Construction & Engineering | 18,481,514 | |||||||
Construction Materials – 0.3% | ||||||||
Eagle Materials, Inc. | 20,142 | 2,075,633 | ||||||
Summit Materials, Inc. Class A* | 26,191 | 793,064 | ||||||
|
| |||||||
Total Construction Materials | 2,868,697 | |||||||
Consumer Finance – 1.8% | ||||||||
Credit Acceptance Corp.*(a) | 10,020 | 3,310,708 | ||||||
FirstCash, Inc. | 14,150 | 1,149,688 | ||||||
Green Dot Corp. Class A* | 10,143 | 650,775 | ||||||
Navient Corp. | 354,037 | 4,644,965 | ||||||
OneMain Holdings, Inc.* | 54,020 | 1,617,359 | ||||||
Santander Consumer USA Holdings, Inc. | 314,680 | 5,129,284 | ||||||
SLM Corp.* | 210,492 | 2,359,615 | ||||||
|
| |||||||
Total Consumer Finance | 18,862,394 | |||||||
Containers & Packaging – 1.3% | ||||||||
AptarGroup, Inc. | 28,362 | 2,547,758 | ||||||
Bemis Co., Inc. | 45,796 | 1,993,042 | ||||||
Graphic Packaging Holding Co. | 116,320 | 1,785,512 | ||||||
Owens-Illinois, Inc.* | 117,700 | 2,549,382 | ||||||
Silgan Holdings, Inc. | 57,916 | 1,612,961 | ||||||
Sonoco Products Co. | 56,818 | 2,755,673 | ||||||
|
| |||||||
Total Containers & Packaging | 13,244,328 | |||||||
Distributors – 0.2% | ||||||||
Pool Corp. | 14,509 | 2,121,506 | ||||||
Diversified Consumer Services – 2.0% | ||||||||
Adtalem Global Education, Inc.* | 27,694 | 1,316,850 | ||||||
Bright Horizons Family Solutions, Inc.* | 14,859 | 1,481,739 | ||||||
Graham Holdings Co. Class B | 2,554 | 1,538,147 | ||||||
Grand Canyon Education, Inc.* | 21,618 | 2,268,161 | ||||||
H&R Block, Inc. | 170,483 | 4,331,973 | ||||||
Service Corp. International | 111,020 | 4,189,895 | ||||||
ServiceMaster Global Holdings, Inc.* | 52,400 | 2,664,540 | ||||||
Sotheby’s* | 23,079 | 1,184,183 | ||||||
Weight Watchers International, Inc.* | 26,870 | 1,712,156 | ||||||
|
| |||||||
Total Diversified Consumer Services | 20,687,644 | |||||||
Diversified Telecommunication Services – 0.0% | ||||||||
Vonage Holdings Corp.* | 19,825 | 211,136 | ||||||
Electric Utilities – 1.5% | ||||||||
ALLETE, Inc. | 25,441 | 1,838,112 | ||||||
El Paso Electric Co. | 18,426 | 939,726 | ||||||
Great Plains Energy, Inc. | 13,293 | 422,585 | ||||||
Hawaiian Electric Industries, Inc. | 52,024 | 1,788,585 | ||||||
IDACORP, Inc. | 23,593 | 2,082,554 | ||||||
MGE Energy, Inc. | 13,242 | 742,876 |
See Notes to Financial Statements.
48 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Earnings Fund (EZM)
March 31, 2018
Investments | Shares | Value | ||||||
OGE Energy Corp. | 124,683 | $ | 4,085,862 | |||||
PNM Resources, Inc. | 39,960 | 1,528,470 | ||||||
Portland General Electric Co. | 46,928 | 1,901,053 | ||||||
|
| |||||||
Total Electric Utilities | 15,329,823 | |||||||
Electrical Equipment – 1.1% | ||||||||
Acuity Brands, Inc. | 21,091 | 2,935,656 | ||||||
EnerSys | 33,035 | 2,291,638 | ||||||
Generac Holdings, Inc.* | 28,027 | 1,286,720 | ||||||
Hubbell, Inc. | 24,630 | 2,999,442 | ||||||
Regal Beloit Corp. | 30,718 | 2,253,165 | ||||||
|
| |||||||
Total Electrical Equipment | 11,766,621 | |||||||
Electronic Equipment, Instruments & Components – 3.3% | ||||||||
Anixter International, Inc.* | 23,412 | 1,773,459 | ||||||
Arrow Electronics, Inc.* | 73,888 | 5,690,854 | ||||||
Avnet, Inc. | 72,999 | 3,048,438 | ||||||
AVX Corp. | 94,011 | 1,555,882 | ||||||
Belden, Inc. | 8,017 | 552,692 | ||||||
Coherent, Inc.* | 7,863 | 1,473,526 | ||||||
Dolby Laboratories, Inc. Class A | 36,225 | 2,302,461 | ||||||
FLIR Systems, Inc. | 53,352 | 2,668,134 | ||||||
II-VI, Inc.* | 24,990 | 1,022,091 | ||||||
Itron, Inc.* | 9,813 | 702,120 | ||||||
Jabil, Inc. | 51,582 | 1,481,951 | ||||||
Littelfuse, Inc. | 9,010 | 1,875,702 | ||||||
National Instruments Corp. | 27,541 | 1,392,748 | ||||||
Rogers Corp.* | 6,125 | 732,182 | ||||||
Sanmina Corp.* | 49,936 | 1,305,826 | ||||||
SYNNEX Corp. | 24,967 | 2,956,093 | ||||||
Tech Data Corp.* | 19,232 | 1,637,220 | ||||||
Vishay Intertechnology, Inc. | 56,826 | 1,056,964 | ||||||
Zebra Technologies Corp. Class A* | 3,237 | 450,558 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 33,678,901 | |||||||
Energy Equipment & Services – 0.2% | ||||||||
Diamond Offshore Drilling, Inc.*(a) | 88,348 | 1,295,182 | ||||||
RPC, Inc.(a) | 37,677 | 679,316 | ||||||
U.S. Silica Holdings, Inc.(a) | 22,238 | 567,514 | ||||||
|
| |||||||
Total Energy Equipment & Services | 2,542,012 | |||||||
Equity Real Estate Investment Trusts (REITs) – 8.1% | ||||||||
Acadia Realty Trust | 18,902 | 464,989 | ||||||
Alexander’s, Inc. | 1,760 | 670,965 | ||||||
American Campus Communities, Inc. | 10,693 | 412,964 | ||||||
American Homes 4 Rent Class A | 1,302 | 26,144 | ||||||
Apartment Investment & Management Co. Class A | 38,824 | 1,582,078 | ||||||
Apple Hospitality REIT, Inc. | 96,876 | 1,702,111 | ||||||
Brandywine Realty Trust | 12,073 | 191,719 | ||||||
Brixmor Property Group, Inc. | 152,333 | 2,323,078 | ||||||
Columbia Property Trust, Inc. | 78,286 | 1,601,732 | ||||||
CoreCivic, Inc. | 72,324 | 1,411,765 | ||||||
CoreSite Realty Corp. | 4,505 | 451,671 | ||||||
Corporate Office Properties Trust | 17,845 | 460,936 | ||||||
Cousins Properties, Inc. | 205,202 | 1,781,153 | ||||||
CubeSmart | 35,106 | 989,989 | ||||||
DCT Industrial Trust, Inc. | 14,165 | 798,056 | ||||||
DiamondRock Hospitality Co. | 68,117 | 711,141 | ||||||
Douglas Emmett, Inc. | 17,133 | 629,809 | ||||||
EastGroup Properties, Inc. | 7,488 | 618,958 | ||||||
Education Realty Trust, Inc. | 8,026 | 262,852 | ||||||
Empire State Realty Trust, Inc. Class A | 24,160 | 405,646 | ||||||
EPR Properties | 29,112 | 1,612,805 | ||||||
Equity Commonwealth* | 15,756 | 483,237 | ||||||
First Industrial Realty Trust, Inc. | 32,769 | 957,838 | ||||||
Forest City Realty Trust, Inc. Class A | 41,332 | 837,386 | ||||||
GEO Group, Inc. (The) | 53,595 | 1,097,090 | ||||||
Gramercy Property Trust | 18,971 | 412,240 | ||||||
Healthcare Realty Trust, Inc. | 29,599 | 820,188 | ||||||
Healthcare Trust of America, Inc. Class A | 10,329 | 273,202 | ||||||
Highwoods Properties, Inc. | 25,031 | 1,096,858 | ||||||
Hospitality Properties Trust | 64,651 | 1,638,256 | ||||||
Hudson Pacific Properties, Inc. | 13,088 | 425,753 | ||||||
Kilroy Realty Corp. | 16,350 | 1,160,196 | ||||||
Lamar Advertising Co. Class A | 33,547 | 2,135,602 | ||||||
LaSalle Hotel Properties | 54,417 | 1,578,637 | ||||||
Lexington Realty Trust | 54,513 | 429,017 | ||||||
Liberty Property Trust | 65,377 | 2,597,428 | ||||||
Life Storage, Inc. | 9,106 | 760,533 | ||||||
Medical Properties Trust, Inc. | 158,806 | 2,064,478 | ||||||
National Health Investors, Inc. | 17,310 | 1,164,790 | ||||||
National Retail Properties, Inc. | 40,748 | 1,599,767 | ||||||
Omega Healthcare Investors, Inc.(a) | 48,999 | 1,324,933 | ||||||
Outfront Media, Inc. | 41,241 | 772,856 | ||||||
Paramount Group, Inc. | 46,737 | 665,535 | ||||||
Park Hotels & Resorts, Inc. | 759,589 | 20,524,095 | ||||||
Pebblebrook Hotel Trust | 20,613 | 708,057 | ||||||
Physicians Realty Trust | 15,412 | 239,965 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 81,098 | 1,426,514 | ||||||
PS Business Parks, Inc. | 5,228 | 590,973 | ||||||
QTS Realty Trust, Inc. Class A | 3,106 | 112,499 | ||||||
Rayonier, Inc. | 35,636 | 1,253,675 | ||||||
Retail Properties of America, Inc. Class A | 98,918 | 1,153,384 | ||||||
Rexford Industrial Realty, Inc. | 7,334 | 211,146 | ||||||
RLJ Lodging Trust | 54,524 | 1,059,947 | ||||||
Ryman Hospitality Properties, Inc. | 18,561 | 1,437,549 | ||||||
Sabra Health Care REIT, Inc. | 28,063 | 495,312 | ||||||
Select Income REIT | 29,570 | 576,024 | ||||||
Senior Housing Properties Trust | 56,430 | 883,694 | ||||||
Spirit Realty Capital, Inc. | 42,720 | 331,507 | ||||||
STAG Industrial, Inc. | 12,218 | 292,255 | ||||||
STORE Capital Corp. | 50,115 | 1,243,854 | ||||||
Sun Communities, Inc. | 4,989 | 455,845 | ||||||
Sunstone Hotel Investors, Inc. | 69,164 | 1,052,676 | ||||||
Tanger Factory Outlet Centers, Inc. | 20,236 | 445,192 | ||||||
Taubman Centers, Inc. | 9,192 | 523,117 | ||||||
Urban Edge Properties | 34,565 | 737,963 | ||||||
W.P. Carey, Inc. | 29,189 | 1,809,426 | ||||||
Washington Real Estate Investment Trust | 6,400 | 174,720 | ||||||
Weingarten Realty Investors | 53,868 | 1,512,613 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 49 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Earnings Fund (EZM)
March 31, 2018
Investments | Shares | Value | ||||||
Xenia Hotels & Resorts, Inc. | 54,343 | $ | 1,071,644 | |||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 83,730,027 | |||||||
Food & Staples Retailing – 0.9% | ||||||||
Casey’s General Stores, Inc. | 14,884 | 1,633,817 | ||||||
Performance Food Group Co.* | 38,533 | 1,150,210 | ||||||
PriceSmart, Inc. | 11,705 | 977,953 | ||||||
Sprouts Farmers Market, Inc.* | 63,560 | 1,491,753 | ||||||
U.S. Foods Holding Corp.* | 95,721 | 3,136,777 | ||||||
United Natural Foods, Inc.* | 29,128 | 1,250,756 | ||||||
|
| |||||||
Total Food & Staples Retailing | 9,641,266 | |||||||
Food Products – 1.6% | ||||||||
B&G Foods, Inc.(a) | 34,373 | 814,640 | ||||||
Blue Buffalo Pet Products, Inc.* | 61,427 | 2,445,409 | ||||||
Darling Ingredients, Inc.* | 36,824 | 637,055 | ||||||
Flowers Foods, Inc. | 62,692 | 1,370,447 | ||||||
Hain Celestial Group, Inc. (The)* | 24,107 | 773,111 | ||||||
J&J Snack Foods Corp. | 5,828 | 795,872 | ||||||
Lancaster Colony Corp. | 9,429 | 1,161,087 | ||||||
Pinnacle Foods, Inc. | 34,545 | 1,868,885 | ||||||
Post Holdings, Inc.* | 4,751 | 359,936 | ||||||
Sanderson Farms, Inc. | 18,347 | 2,183,660 | ||||||
Seaboard Corp. | 845 | 3,603,925 | ||||||
|
| |||||||
Total Food Products | 16,014,027 | |||||||
Gas Utilities – 1.1% | ||||||||
National Fuel Gas Co. | 55,098 | 2,834,792 | ||||||
New Jersey Resources Corp. | 33,767 | 1,354,057 | ||||||
ONE Gas, Inc. | 22,686 | 1,497,730 | ||||||
South Jersey Industries, Inc. | 13,496 | 380,047 | ||||||
Southwest Gas Holdings, Inc. | 21,833 | 1,476,566 | ||||||
Spire, Inc. | 22,365 | 1,616,990 | ||||||
WGL Holdings, Inc. | 25,433 | 2,127,470 | ||||||
|
| |||||||
Total Gas Utilities | 11,287,652 | |||||||
Health Care Equipment & Supplies – 1.1% | ||||||||
Cantel Medical Corp. | 7,906 | 880,807 | ||||||
Globus Medical, Inc. Class A* | 30,803 | 1,534,606 | ||||||
Haemonetics Corp.* | 8,479 | 620,324 | ||||||
Halyard Health, Inc.* | 13,800 | 635,904 | ||||||
Hill-Rom Holdings, Inc. | 17,101 | 1,487,787 | ||||||
ICU Medical, Inc.* | 1,603 | 404,597 | ||||||
Inogen, Inc.* | 2,358 | 289,657 | ||||||
Integra LifeSciences Holdings Corp.* | 11,331 | 627,058 | ||||||
Masimo Corp.* | 21,122 | 1,857,680 | ||||||
Merit Medical Systems, Inc.* | 6,961 | 315,681 | ||||||
Neogen Corp.* | 8,270 | 554,007 | ||||||
NuVasive, Inc.* | 12,100 | 631,741 | ||||||
West Pharmaceutical Services, Inc. | 21,521 | 1,900,089 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 11,739,938 | |||||||
Health Care Providers & Services – 1.4% | ||||||||
Acadia Healthcare Co., Inc.*(a) | 59,028 | 2,312,717 | ||||||
AMN Healthcare Services, Inc.* | 26,108 | 1,481,629 | ||||||
Chemed Corp. | 6,169 | 1,683,273 | ||||||
Encompass Health Corp. | 59,483 | 3,400,643 | ||||||
HealthEquity, Inc.* | 10,355 | 626,892 | ||||||
MEDNAX, Inc.* | 57,182 | 3,181,035 | ||||||
Patterson Cos., Inc. | 50,204 | 1,116,035 | ||||||
Select Medical Holdings Corp.* | 59,003 | 1,017,802 | ||||||
|
| |||||||
Total Health Care Providers & Services | 14,820,026 | |||||||
Health Care Technology – 0.4% | ||||||||
athenahealth, Inc.* | 2,505 | 358,290 | ||||||
Cotiviti Holdings, Inc.* | 33,149 | 1,141,652 | ||||||
Medidata Solutions, Inc.* | 6,625 | 416,116 | ||||||
Veeva Systems, Inc. Class A* | 23,633 | 1,725,682 | ||||||
|
| |||||||
Total Health Care Technology | 3,641,740 | |||||||
Hotels, Restaurants & Leisure – 3.5% | ||||||||
Boyd Gaming Corp. | 33,706 | 1,073,873 | ||||||
Cheesecake Factory, Inc. (The)(a) | 30,848 | 1,487,491 | ||||||
Choice Hotels International, Inc. | 21,561 | 1,728,114 | ||||||
Churchill Downs, Inc. | 6,234 | 1,521,408 | ||||||
Cracker Barrel Old Country Store, Inc.(a) | 13,863 | 2,206,990 | ||||||
Dave & Buster’s Entertainment, Inc.* | 23,314 | 973,126 | ||||||
Dunkin’ Brands Group, Inc. | 39,435 | 2,353,875 | ||||||
Extended Stay America, Inc. | 106,294 | 2,101,432 | ||||||
Hilton Grand Vacations, Inc.* | 47,230 | 2,031,835 | ||||||
Hyatt Hotels Corp. Class A | 32,245 | 2,459,004 | ||||||
ILG, Inc. | 49,025 | 1,525,168 | ||||||
Jack in the Box, Inc. | 15,004 | 1,280,291 | ||||||
Marriott Vacations Worldwide Corp. | 13,872 | 1,847,750 | ||||||
Penn National Gaming, Inc.* | 325,543 | 8,548,759 | ||||||
Planet Fitness, Inc. Class A* | 16,889 | 637,897 | ||||||
Six Flags Entertainment Corp. | 30,646 | 1,908,020 | ||||||
Texas Roadhouse, Inc. | 29,395 | 1,698,443 | ||||||
Wendy’s Co. (The) | 47,172 | 827,869 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 36,211,345 | |||||||
Household Durables – 1.2% | ||||||||
Installed Building Products, Inc.* | 6,484 | 389,364 | ||||||
KB Home | 47,385 | 1,348,103 | ||||||
Leggett & Platt, Inc. | 82,817 | 3,673,762 | ||||||
Meritage Homes Corp.* | 34,355 | 1,554,564 | ||||||
Tempur Sealy International, Inc.* | 32,031 | 1,450,684 | ||||||
TopBuild Corp.* | 12,750 | 975,630 | ||||||
TRI Pointe Group, Inc.* | 108,182 | 1,777,430 | ||||||
Tupperware Brands Corp. | 31,775 | 1,537,275 | ||||||
|
| |||||||
Total Household Durables | 12,706,812 | |||||||
Household Products – 0.6% | ||||||||
Energizer Holdings, Inc. | 47,094 | 2,805,860 | ||||||
Spectrum Brands Holdings, Inc.(a) | 29,097 | 3,017,359 | ||||||
|
| |||||||
Total Household Products | 5,823,219 | |||||||
Independent Power & Renewable Electricity Producers – 0.1% | ||||||||
Ormat Technologies, Inc. | 20,707 | 1,167,461 | ||||||
Industrial Conglomerates – 0.3% | ||||||||
Carlisle Cos., Inc. | 31,949 | 3,335,795 | ||||||
Insurance – 2.6% | ||||||||
American Equity Investment Life Holding Co. | 66,569 | 1,954,466 |
See Notes to Financial Statements.
50 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Earnings Fund (EZM)
March 31, 2018
Investments | Shares | Value | ||||||
American National Insurance Co. | 14,284 | $ | 1,670,656 | |||||
Assurant, Inc. | 19,900 | 1,819,059 | ||||||
Brown & Brown, Inc. | 80,400 | 2,045,376 | ||||||
CNO Financial Group, Inc. | 158,006 | 3,423,990 | ||||||
Erie Indemnity Co. Class A | 14,558 | 1,712,603 | ||||||
First American Financial Corp. | 41,781 | 2,451,709 | ||||||
Hanover Insurance Group, Inc. (The) | 9,794 | 1,154,615 | ||||||
Kemper Corp. | 13,860 | 790,020 | ||||||
Mercury General Corp. | 15,471 | 709,655 | ||||||
National General Holdings Corp. | 43,314 | 1,052,963 | ||||||
Old Republic International Corp. | 158,397 | 3,397,616 | ||||||
Primerica, Inc. | 18,912 | 1,826,899 | ||||||
ProAssurance Corp. | 19,655 | 954,250 | ||||||
RLI Corp. | 11,802 | 748,129 | ||||||
Selective Insurance Group, Inc. | 25,014 | 1,518,350 | ||||||
|
| |||||||
Total Insurance | 27,230,356 | |||||||
Internet & Catalog Retail – 0.1% | ||||||||
TripAdvisor, Inc.* | 21,394 | 874,801 | ||||||
Internet Software & Services – 0.5% | ||||||||
GoDaddy, Inc. Class A* | 5,149 | 316,252 | ||||||
GrubHub, Inc.* | 9,800 | 994,406 | ||||||
j2 Global, Inc. | 19,794 | 1,562,142 | ||||||
LogMeIn, Inc. | 766 | 88,511 | ||||||
Stamps.com, Inc.*(a) | 9,077 | 1,824,931 | ||||||
Yelp, Inc.* | 4,788 | 199,899 | ||||||
|
| |||||||
Total Internet Software & Services | 4,986,141 | |||||||
IT Services – 3.8% | ||||||||
Black Knight, Inc.* | 11,571 | 544,994 | ||||||
Booz Allen Hamilton Holding Corp. | 79,601 | 3,082,151 | ||||||
CACI International, Inc. Class A* | 14,262 | 2,158,554 | ||||||
Convergys Corp. | 61,985 | 1,402,101 | ||||||
CoreLogic, Inc.* | 22,379 | 1,012,202 | ||||||
CSRA, Inc. | 121,404 | 5,005,487 | ||||||
DST Systems, Inc. | 76,357 | 6,387,263 | ||||||
EPAM Systems, Inc.* | 14,028 | 1,606,487 | ||||||
Euronet Worldwide, Inc.* | 24,727 | 1,951,455 | ||||||
First Data Corp. Class A* | 481,540 | 7,704,640 | ||||||
MAXIMUS, Inc. | 32,774 | 2,187,337 | ||||||
Sabre Corp. | 94,799 | 2,033,438 | ||||||
Science Applications International Corp. | 23,048 | 1,816,182 | ||||||
Teradata Corp.* | 19,248 | 763,568 | ||||||
WEX, Inc.* | 7,399 | 1,158,831 | ||||||
|
| |||||||
Total IT Services | 38,814,690 | |||||||
Leisure Products – 0.3% | ||||||||
Brunswick Corp. | 56,899 | 3,379,232 | ||||||
Life Sciences Tools & Services – 0.6% | ||||||||
Bio-Rad Laboratories, Inc. Class A* | 1,511 | 377,871 | ||||||
Bio-Techne Corp. | 6,398 | 966,354 | ||||||
Bruker Corp. | 48,237 | 1,443,251 | ||||||
Charles River Laboratories International, Inc.* | 21,161 | 2,258,725 | ||||||
PRA Health Sciences, Inc.* | 15,768 | 1,308,113 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 6,354,314 | |||||||
Machinery – 5.3% | ||||||||
AGCO Corp. | 31,795 | 2,061,906 | ||||||
Allison Transmission Holdings, Inc. | 94,523 | 3,692,068 | ||||||
Barnes Group, Inc. | 26,682 | 1,597,985 | ||||||
Colfax Corp.* | 53,298 | 1,700,206 | ||||||
Crane Co. | 17,679 | 1,639,551 | ||||||
Donaldson Co., Inc. | 53,786 | 2,423,059 | ||||||
Flowserve Corp. | 45,146 | 1,956,176 | ||||||
Graco, Inc. | 53,539 | 2,447,803 | ||||||
Hillenbrand, Inc. | 30,910 | 1,418,769 | ||||||
ITT, Inc. | 43,203 | 2,116,083 | ||||||
John Bean Technologies Corp. | 8,549 | 969,457 | ||||||
Kennametal, Inc. | 26,831 | 1,077,533 | ||||||
Lincoln Electric Holdings, Inc. | 33,573 | 3,019,891 | ||||||
Meritor, Inc.* | 148,920 | 3,061,795 | ||||||
Middleby Corp. (The)* | 27,226 | 3,370,307 | ||||||
Nordson Corp. | 25,788 | 3,515,936 | ||||||
Oshkosh Corp. | 36,234 | 2,799,801 | ||||||
Proto Labs, Inc.* | 5,675 | 667,096 | ||||||
RBC Bearings, Inc.* | 6,465 | 802,953 | ||||||
Rexnord Corp.* | 31,092 | 922,811 | ||||||
Timken Co. (The) | 45,577 | 2,078,311 | ||||||
Toro Co. (The) | 44,981 | 2,809,064 | ||||||
Trinity Industries, Inc. | 71,215 | 2,323,745 | ||||||
Wabtec Corp.(a) | 36,976 | 3,009,846 | ||||||
Welbilt, Inc.* | 45,161 | 878,381 | ||||||
Woodward, Inc. | 29,898 | 2,142,491 | ||||||
|
| |||||||
Total Machinery | 54,503,024 | |||||||
Marine – 0.1% | ||||||||
Kirby Corp.* | 19,714 | 1,516,992 | ||||||
Media – 4.4% | ||||||||
AMC Networks, Inc. Class A* | 71,472 | 3,695,102 | ||||||
Cable One, Inc. | 1,933 | 1,328,184 | ||||||
Cinemark Holdings, Inc.(a) | 76,167 | 2,869,211 | ||||||
Discovery Communications, Inc. Class A*(a) | 422,604 | 9,056,404 | ||||||
GCI Liberty, Inc. Class A* | 155,297 | 8,208,999 | ||||||
John Wiley & Sons, Inc. Class A | 16,223 | 1,033,405 | ||||||
Liberty Media Corp – Liberty Formula One Series C* | 113,472 | 3,500,611 | ||||||
Liberty Media Corp – Liberty SiriusXM Class A* | 145,542 | 5,981,776 | ||||||
Meredith Corp. | 29,800 | 1,603,240 | ||||||
New York Times Co. (The) Class A | 64,402 | 1,552,088 | ||||||
Nexstar Media Group, Inc. Class A(a) | 17,942 | 1,193,143 | ||||||
Sinclair Broadcast Group, Inc. Class A(a) | 79,703 | 2,494,704 | ||||||
TEGNA, Inc. | 229,509 | 2,614,108 | ||||||
|
| |||||||
Total Media | 45,130,975 | |||||||
Metals & Mining – 1.5% | ||||||||
Alcoa Corp.* | 78,243 | 3,517,805 | ||||||
Allegheny Technologies, Inc.*(a) | 13,865 | 328,323 | ||||||
Carpenter Technology Corp. | 16,487 | 727,406 | ||||||
Commercial Metals Co. | 18,719 | 382,991 | ||||||
Compass Minerals International, Inc.(a) | 23,955 | 1,444,487 | ||||||
Reliance Steel & Aluminum Co. | 50,679 | 4,345,217 | ||||||
Royal Gold, Inc. | 13,433 | 1,153,492 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. MidCap Earnings Fund (EZM)
March 31, 2018
Investments | Shares | Value | ||||||
United States Steel Corp. | 41,146 | $ | 1,447,928 | |||||
Worthington Industries, Inc. | 49,074 | 2,106,256 | ||||||
|
| |||||||
Total Metals & Mining | 15,453,905 | |||||||
Multi-Utilities – 1.3% | ||||||||
Avista Corp. | 27,759 | 1,422,649 | ||||||
Black Hills Corp. | 27,464 | 1,491,295 | ||||||
MDU Resources Group, Inc. | 93,848 | 2,642,760 | ||||||
NorthWestern Corp. | 28,249 | 1,519,796 | ||||||
SCANA Corp. | 110,459 | 4,147,735 | ||||||
Vectren Corp. | 35,976 | 2,299,586 | ||||||
|
| |||||||
Total Multi-Utilities | 13,523,821 | |||||||
Multiline Retail – 1.7% | ||||||||
Big Lots, Inc.(a) | 32,072 | 1,396,094 | ||||||
Macy’s, Inc. | 302,972 | 9,010,387 | ||||||
Nordstrom, Inc. | 125,448 | 6,072,938 | ||||||
Ollie’s Bargain Outlet Holdings, Inc.* | 16,450 | 991,935 | ||||||
|
| |||||||
Total Multiline Retail | 17,471,354 | |||||||
Oil, Gas & Consumable Fuels – 1.6% | ||||||||
Callon Petroleum Co.*(a) | 92,246 | 1,221,337 | ||||||
CVR Energy, Inc.(a) | 12,556 | 379,442 | ||||||
Delek U.S. Holdings, Inc. | 14,740 | 599,918 | ||||||
Gulfport Energy Corp.* | 30,749 | 296,728 | ||||||
Laredo Petroleum, Inc.* | 130,568 | 1,137,247 | ||||||
Matador Resources Co.* | 78,324 | 2,342,671 | ||||||
Newfield Exploration Co.* | 132,162 | 3,227,396 | ||||||
Parsley Energy, Inc. Class A* | 10,394 | 301,322 | ||||||
PBF Energy, Inc. Class A | 75,383 | 2,555,484 | ||||||
RSP Permian, Inc.* | 28,050 | 1,314,984 | ||||||
Southwestern Energy Co.* | 644,758 | 2,791,802 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 16,168,331 | |||||||
Paper & Forest Products – 0.5% | ||||||||
Domtar Corp. | 40,283 | 1,713,639 | ||||||
Louisiana-Pacific Corp. | 125,247 | 3,603,356 | ||||||
|
| |||||||
Total Paper & Forest Products | 5,316,995 | |||||||
Personal Products – 0.4% | ||||||||
Edgewell Personal Care Co.* | 39,324 | 1,919,797 | ||||||
Nu Skin Enterprises, Inc. Class A | 24,608 | 1,813,856 | ||||||
|
| |||||||
Total Personal Products | 3,733,653 | |||||||
Pharmaceuticals – 0.3% | ||||||||
Akorn, Inc.* | 25,114 | 469,883 | ||||||
Catalent, Inc.* | 30,656 | 1,258,736 | ||||||
Prestige Brands Holdings, Inc.*(a) | 26,160 | 882,115 | ||||||
|
| |||||||
Total Pharmaceuticals | 2,610,734 | |||||||
Professional Services – 1.2% | ||||||||
ASGN, Inc.* | 20,037 | 1,640,629 | ||||||
Dun & Bradstreet Corp. (The) | 17,597 | 2,058,849 | ||||||
Insperity, Inc. | 14,740 | 1,025,167 | ||||||
Korn/Ferry International | 28,886 | 1,490,229 | ||||||
Robert Half International, Inc. | 66,075 | 3,825,082 | ||||||
TriNet Group, Inc.* | 34,550 | 1,600,356 | ||||||
WageWorks, Inc.* | 7,831 | 353,961 | ||||||
|
| |||||||
Total Professional Services | 11,994,273 | |||||||
Real Estate Management & Development – 0.6% | ||||||||
Howard Hughes Corp. (The)* | 4,233 | 588,937 | ||||||
Jones Lang LaSalle, Inc. | 19,090 | 3,333,877 | ||||||
Kennedy-Wilson Holdings, Inc. | 5,679 | 98,815 | ||||||
Realogy Holdings Corp.(a) | 71,435 | 1,948,747 | ||||||
|
| |||||||
Total Real Estate Management & Development | 5,970,376 | |||||||
Road & Rail – 1.3% | ||||||||
AMERCO | 9,617 | 3,318,827 | ||||||
Avis Budget Group, Inc.*(a) | 32,452 | 1,520,052 | ||||||
Genesee & Wyoming, Inc. Class A* | 19,952 | 1,412,402 | ||||||
Knight-Swift Transportation Holdings, Inc. | 15,866 | 729,995 | ||||||
Landstar System, Inc. | 16,085 | 1,763,720 | ||||||
Ryder System, Inc. | 26,521 | 1,930,463 | ||||||
Schneider National, Inc. Class B | 64,582 | 1,683,007 | ||||||
Werner Enterprises, Inc. | 24,132 | 880,818 | ||||||
|
| |||||||
Total Road & Rail | 13,239,284 | |||||||
Semiconductors & Semiconductor Equipment – 2.2% | ||||||||
Advanced Energy Industries, Inc.* | 32,838 | 2,098,348 | ||||||
Amkor Technology, Inc.* | 269,428 | 2,729,306 | ||||||
Cabot Microelectronics Corp. | 10,493 | 1,123,905 | ||||||
Cirrus Logic, Inc.* | 61,375 | 2,493,666 | ||||||
Entegris, Inc. | 52,636 | 1,831,733 | ||||||
Integrated Device Technology, Inc.* | 37,126 | 1,134,571 | ||||||
Microsemi Corp.* | 38,337 | 2,481,171 | ||||||
MKS Instruments, Inc. | 37,076 | 4,287,839 | ||||||
Monolithic Power Systems, Inc. | 7,001 | 810,506 | ||||||
Power Integrations, Inc. | 8,458 | 578,104 | ||||||
Semtech Corp.* | 14,332 | 559,665 | ||||||
Silicon Laboratories, Inc.* | 9,295 | 835,620 | ||||||
Versum Materials, Inc. | 58,432 | 2,198,796 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 23,163,230 | |||||||
Software – 1.4% | ||||||||
ACI Worldwide, Inc.* | 35,238 | 835,845 | ||||||
Aspen Technology, Inc.* | 27,129 | 2,140,207 | ||||||
Blackbaud, Inc. | 6,364 | 647,919 | ||||||
CommVault Systems, Inc.* | 489 | 27,971 | ||||||
Ebix, Inc.(a) | 14,232 | 1,060,284 | ||||||
Ellie Mae, Inc.* | 7,035 | 646,798 | ||||||
Fair Isaac Corp.* | 9,088 | 1,539,234 | ||||||
Fortinet, Inc.* | 23,164 | 1,241,127 | ||||||
Guidewire Software, Inc.* | 2,822 | 228,102 | ||||||
Manhattan Associates, Inc.* | 30,711 | 1,286,177 | ||||||
Paycom Software, Inc.*(a) | 8,814 | 946,535 | ||||||
Paylocity Holding Corp.* | 2,055 | 105,278 | ||||||
Pegasystems, Inc. | 10,213 | 619,418 | ||||||
PTC, Inc.* | 863 | 67,323 | ||||||
Qualys, Inc.* | 8,560 | 622,740 | ||||||
RealPage, Inc.* | 6,742 | 347,213 | ||||||
Tyler Technologies, Inc.* | 8,210 | 1,731,982 | ||||||
Ultimate Software Group, Inc. (The)* | 1,553 | 378,466 | ||||||
|
| |||||||
Total Software | 14,472,619 | |||||||
Specialty Retail – 5.2% | ||||||||
Aaron’s, Inc. | 39,047 | 1,819,590 | ||||||
Advance Auto Parts, Inc. | 39,555 | 4,689,245 |
See Notes to Financial Statements.
52 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. MidCap Earnings Fund (EZM)
March 31, 2018
Investments | Shares | Value | ||||||
American Eagle Outfitters, Inc. | 114,975 | $ | 2,291,452 | |||||
AutoNation, Inc.* | 77,685 | 3,634,104 | ||||||
Bed Bath & Beyond, Inc. | 274,641 | 5,764,715 | ||||||
Burlington Stores, Inc.* | 26,885 | 3,579,738 | ||||||
Children’s Place, Inc. (The) | 10,876 | 1,470,979 | ||||||
Dick’s Sporting Goods, Inc. | 107,238 | 3,758,692 | ||||||
Five Below, Inc.* | 13,464 | 987,450 | ||||||
Floor & Decor Holdings, Inc. Class A* | 17,862 | 930,967 | ||||||
Foot Locker, Inc. | 137,655 | 6,268,809 | ||||||
Lithia Motors, Inc. Class A | 18,610 | 1,870,677 | ||||||
Michaels Cos., Inc. (The)* | 189,880 | 3,742,535 | ||||||
Murphy USA, Inc.* | 22,535 | 1,640,548 | ||||||
Penske Automotive Group, Inc. | 85,508 | 3,790,570 | ||||||
Sally Beauty Holdings, Inc.* | 141,636 | 2,329,912 | ||||||
Urban Outfitters, Inc.* | 57,472 | 2,124,165 | ||||||
Williams-Sonoma, Inc.(a) | 65,175 | 3,438,633 | ||||||
|
| |||||||
Total Specialty Retail | 54,132,781 | |||||||
Technology Hardware, Storage & Peripherals – 0.8% | ||||||||
NCR Corp.* | 81,806 | 2,578,525 | ||||||
Xerox Corp. | 209,889 | 6,040,606 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 8,619,131 | |||||||
Textiles, Apparel & Luxury Goods – 1.9% | ||||||||
Carter’s, Inc. | 25,339 | 2,637,790 | ||||||
Columbia Sportswear Co. | 32,111 | 2,454,244 | ||||||
Deckers Outdoor Corp.* | 4,895 | 440,697 | ||||||
Hanesbrands, Inc.(a) | 326,866 | 6,020,872 | ||||||
Ralph Lauren Corp. | 9,265 | 1,035,827 | ||||||
Skechers U.S.A., Inc. Class A* | 79,735 | 3,100,894 | ||||||
Steven Madden Ltd. | 30,903 | 1,356,642 | ||||||
Under Armour, Inc. Class A*(a) | 116,278 | 1,901,145 | ||||||
Wolverine World Wide, Inc. | 21,908 | 633,141 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 19,581,252 | |||||||
Thrifts & Mortgage Finance – 1.2% | ||||||||
Flagstar Bancorp, Inc.* | 30,187 | 1,068,620 | ||||||
LendingTree, Inc.*(a) | 854 | 280,240 | ||||||
MGIC Investment Corp.* | 238,143 | 3,095,859 | ||||||
New York Community Bancorp, Inc. | 266,421 | 3,471,466 | ||||||
Radian Group, Inc. | 137,352 | 2,615,182 | ||||||
TFS Financial Corp. | 49,869 | 732,575 | ||||||
Washington Federal, Inc. | 41,555 | 1,437,803 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 12,701,745 | |||||||
Tobacco – 0.0% | ||||||||
Vector Group Ltd. | 21,422 | 436,795 | ||||||
Trading Companies & Distributors – 1.9% | ||||||||
Air Lease Corp. | 97,620 | 4,160,564 | ||||||
Applied Industrial Technologies, Inc. | 24,907 | 1,815,720 | ||||||
Beacon Roofing Supply, Inc.* | 18,226 | 967,254 | ||||||
GATX Corp. | 34,129 | 2,337,495 | ||||||
HD Supply Holdings, Inc.* | 73,083 | 2,772,769 | ||||||
MSC Industrial Direct Co., Inc. Class A | 28,747 | 2,636,387 | ||||||
SiteOne Landscape Supply, Inc.* | 6,777 | 522,100 | ||||||
Univar, Inc.* | 12,117 | 336,247 | ||||||
Watsco, Inc. | 11,583 | 2,096,176 | ||||||
WESCO International, Inc.* | 32,857 | 2,038,777 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 19,683,489 | |||||||
Transportation Infrastructure – 0.1% | ||||||||
Macquarie Infrastructure Corp. | 29,658 | 1,095,270 | ||||||
Water Utilities – 0.3% | ||||||||
Aqua America, Inc. | 69,908 | 2,381,067 | ||||||
California Water Service Group | 17,537 | 653,253 | ||||||
|
| |||||||
Total Water Utilities | 3,034,320 | |||||||
Wireless Telecommunication Services – 0.0% | ||||||||
Telephone & Data Systems, Inc. | 13,222 | 370,613 | ||||||
TOTAL COMMON STOCKS (Cost: $940,739,230) | 1,030,688,241 | |||||||
EXCHANGE-TRADED FUND – 0.2% | ||||||||
United States – 0.2% | ||||||||
WisdomTree U.S. MidCap Dividend Fund(b) (Cost: $2,073,717) | 61,859 | 2,110,629 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8% | ||||||||
United States – 2.8% | ||||||||
State Street Navigator Securities Lending (Cost: $29,485,872)(d) | 29,485,872 | 29,485,872 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.6% (Cost: $972,298,819) |
| 1,062,284,742 | ||||||
Other Assets less Liabilities – (2.6)% | (27,120,312 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,035,164,430 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $42,859,326 and the total market value of the collateral held by the Fund was $43,919,415. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,433,543. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 53 |
Table of Contents
Schedule of Investments
WisdomTree U.S. Multifactor Fund (USMF)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
United States – 99.9% | ||||||||
Aerospace & Defense – 1.1% | ||||||||
Orbital ATK, Inc. | 201 | $ | 26,654 | |||||
Rockwell Collins, Inc. | 269 | 36,275 | ||||||
|
| |||||||
Total Aerospace & Defense | 62,929 | |||||||
Air Freight & Logistics – 0.6% | ||||||||
C.H. Robinson Worldwide, Inc. | 364 | 34,110 | ||||||
Airlines – 1.2% | ||||||||
Alaska Air Group, Inc. | 342 | 21,190 | ||||||
JetBlue Airways Corp.* | 1,079 | 21,925 | ||||||
Southwest Airlines Co. | 460 | 26,349 | ||||||
|
| |||||||
Total Airlines | 69,464 | |||||||
Auto Components – 0.4% | ||||||||
Lear Corp. | 121 | 22,517 | ||||||
Banks – 0.9% | ||||||||
CIT Group, Inc. | 927 | 47,741 | ||||||
Beverages – 1.2% | ||||||||
Brown-Forman Corp. Class B | 245 | 13,328 | ||||||
Constellation Brands, Inc. Class A | 81 | 18,462 | ||||||
Monster Beverage Corp.* | 245 | 14,016 | ||||||
PepsiCo, Inc. | 170 | 18,555 | ||||||
|
| |||||||
Total Beverages | 64,361 | |||||||
Biotechnology – 0.4% | ||||||||
United Therapeutics Corp.* | 181 | 20,337 | ||||||
Building Products – 0.5% | ||||||||
Owens Corning | 362 | 29,105 | ||||||
Capital Markets – 0.7% | ||||||||
LPL Financial Holdings, Inc. | 631 | 38,535 | ||||||
Chemicals – 1.2% | ||||||||
Eastman Chemical Co. | 234 | 24,706 | ||||||
Monsanto Co. | 215 | 25,088 | ||||||
Westlake Chemical Corp. | 148 | 16,450 | ||||||
|
| |||||||
Total Chemicals | 66,244 | |||||||
Commercial Services & Supplies – 1.7% | ||||||||
KAR Auction Services, Inc. | 636 | 34,471 | ||||||
Republic Services, Inc. | 590 | 39,076 | ||||||
Stericycle, Inc.* | 342 | 20,017 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 93,564 | |||||||
Communications Equipment – 2.5% | ||||||||
CommScope Holding Co., Inc.* | 931 | 37,212 | ||||||
F5 Networks, Inc.* | 304 | 43,962 | ||||||
Motorola Solutions, Inc. | 540 | 56,862 | ||||||
|
| |||||||
Total Communications Equipment | 138,036 | |||||||
Construction & Engineering – 0.5% | ||||||||
EMCOR Group, Inc. | 389 | 30,315 | ||||||
Consumer Finance – 1.5% | ||||||||
Ally Financial, Inc. | 1,665 | 45,205 | ||||||
Credit Acceptance Corp.*(a) | 118 | 38,988 | ||||||
|
| |||||||
Total Consumer Finance | 84,193 | |||||||
Containers & Packaging – 1.3% | ||||||||
Ball Corp. | 582 | 23,111 | ||||||
Berry Global Group, Inc.* | 481 | 26,364 | ||||||
Graphic Packaging Holding Co. | 1,466 | 22,503 | ||||||
|
| |||||||
Total Containers & Packaging | 71,978 | |||||||
Diversified Consumer Services – 1.7% | ||||||||
Bright Horizons Family Solutions, Inc.* | 334 | 33,306 | ||||||
Grand Canyon Education, Inc.* | 225 | 23,607 | ||||||
H&R Block, Inc. | 680 | 17,279 | ||||||
ServiceMaster Global Holdings, Inc.* | 460 | 23,391 | ||||||
|
| |||||||
Total Diversified Consumer Services | 97,583 | |||||||
Diversified Telecommunication Services – 1.2% | ||||||||
Verizon Communications, Inc. | 1,400 | 66,948 | ||||||
Electric Utilities – 1.5% | ||||||||
Alliant Energy Corp. | 142 | 5,802 | ||||||
American Electric Power Co., Inc. | 89 | 6,104 | ||||||
Duke Energy Corp. | 78 | 6,043 | ||||||
Entergy Corp. | 72 | 5,672 | ||||||
Eversource Energy | 93 | 5,480 | ||||||
Exelon Corp. | 165 | 6,437 | ||||||
FirstEnergy Corp. | 141 | 4,795 | ||||||
Great Plains Energy, Inc. | 186 | 5,913 | ||||||
IDACORP, Inc. | 65 | 5,738 | ||||||
NextEra Energy, Inc. | 36 | 5,880 | ||||||
PG&E Corp. | 83 | 3,646 | ||||||
Pinnacle West Capital Corp. | 71 | 5,666 | ||||||
Southern Co. (The) | 135 | 6,029 | ||||||
Westar Energy, Inc. | 106 | 5,574 | ||||||
Xcel Energy, Inc. | 135 | 6,140 | ||||||
|
| |||||||
Total Electric Utilities | 84,919 | |||||||
Electrical Equipment – 0.3% | ||||||||
Acuity Brands, Inc. | 127 | 17,677 | ||||||
Electronic Equipment, Instruments & Components – 1.6% | ||||||||
CDW Corp. | 788 | 55,404 | ||||||
Zebra Technologies Corp. Class A* | 261 | 36,329 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 91,733 | |||||||
Equity Real Estate Investment Trusts (REITs) – 1.0% | ||||||||
Park Hotels & Resorts, Inc. | 2,107 | 56,931 | ||||||
Food & Staples Retailing – 1.4% | ||||||||
Costco Wholesale Corp. | 78 | 14,698 | ||||||
CVS Health Corp. | 186 | 11,571 | ||||||
Kroger Co. (The) | 339 | 8,116 | ||||||
Sysco Corp. | 281 | 16,849 | ||||||
U.S. Foods Holding Corp.* | 430 | 14,091 | ||||||
Walmart, Inc. | 154 | 13,701 | ||||||
|
| |||||||
Total Food & Staples Retailing | 79,026 | |||||||
Food Products – 3.4% | ||||||||
Campbell Soup Co. | 286 | 12,387 | ||||||
Conagra Brands, Inc. | 475 | 17,518 | ||||||
Flowers Foods, Inc. | 806 | 17,619 | ||||||
Hershey Co. (The) | 184 | 18,209 | ||||||
Hormel Foods Corp. | 466 | 15,993 |
See Notes to Financial Statements.
54 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Multifactor Fund (USMF)
March 31, 2018
Investments | Shares | Value | ||||||
Ingredion, Inc. | 143 | $ | 18,436 | |||||
J.M. Smucker Co. (The) | 114 | 14,137 | ||||||
Kellogg Co. | 237 | 15,407 | ||||||
Lamb Weston Holdings, Inc. | 318 | 18,514 | ||||||
Pilgrim’s Pride Corp.* | 458 | 11,271 | ||||||
Post Holdings, Inc.* | 189 | 14,319 | ||||||
Tyson Foods, Inc. Class A | 247 | 18,078 | ||||||
|
| |||||||
Total Food Products | 191,888 | |||||||
Gas Utilities – 0.3% | ||||||||
Atmos Energy Corp. | 71 | 5,981 | ||||||
UGI Corp. | 126 | 5,597 | ||||||
WGL Holdings, Inc. | 69 | 5,772 | ||||||
|
| |||||||
Total Gas Utilities | 17,350 | |||||||
Health Care Equipment & Supplies – 2.1% | ||||||||
Cooper Cos., Inc. (The) | 119 | 27,228 | ||||||
Globus Medical, Inc. Class A* | 484 | 24,113 | ||||||
Hill-Rom Holdings, Inc. | 395 | 34,365 | ||||||
Zimmer Biomet Holdings, Inc. | 266 | 29,005 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 114,711 | |||||||
Health Care Providers & Services – 8.6% | ||||||||
Aetna, Inc. | 187 | 31,603 | ||||||
Anthem, Inc. | 145 | 31,856 | ||||||
Cardinal Health, Inc. | 344 | 21,562 | ||||||
Centene Corp.* | 226 | 24,153 | ||||||
Chemed Corp. | 115 | 31,379 | ||||||
DaVita, Inc.* | 306 | 20,178 | ||||||
Encompass Health Corp. | 530 | 30,300 | ||||||
Express Scripts Holding Co.* | 369 | 25,491 | ||||||
HCA Healthcare, Inc. | 272 | 26,384 | ||||||
Humana, Inc. | 135 | 36,292 | ||||||
Laboratory Corp. of America Holdings* | 222 | 35,908 | ||||||
McKesson Corp. | 171 | 24,089 | ||||||
MEDNAX, Inc.* | 371 | 20,639 | ||||||
Quest Diagnostics, Inc. | 341 | 34,202 | ||||||
UnitedHealth Group, Inc. | 151 | 32,314 | ||||||
Universal Health Services, Inc. Class B | 218 | 25,813 | ||||||
WellCare Health Plans, Inc.* | 147 | 28,464 | ||||||
|
| |||||||
Total Health Care Providers & Services | 480,627 | |||||||
Health Care Technology – 0.5% | ||||||||
Cerner Corp.* | 459 | 26,622 | ||||||
Hotels, Restaurants & Leisure – 1.3% | ||||||||
Darden Restaurants, Inc. | 249 | 21,227 | ||||||
Hilton Grand Vacations, Inc.* | 547 | 23,532 | ||||||
Starbucks Corp. | 513 | 29,698 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 74,457 | |||||||
Household Products – 1.0% | ||||||||
Church & Dwight Co., Inc. | 365 | 18,381 | ||||||
Colgate-Palmolive Co. | 253 | 18,135 | ||||||
Kimberly-Clark Corp. | 157 | 17,291 | ||||||
|
| |||||||
Total Household Products | 53,807 | |||||||
Industrial Conglomerates – 0.7% | ||||||||
Carlisle Cos., Inc. | 350 | 36,544 | ||||||
Insurance – 12.3% | ||||||||
Aflac, Inc. | 1,568 | 68,616 | ||||||
Allstate Corp. (The) | 665 | 63,042 | ||||||
American Financial Group, Inc. | 516 | 57,906 | ||||||
First American Financial Corp. | 1,137 | 66,719 | ||||||
Hanover Insurance Group, Inc. (The) | 568 | 66,961 | ||||||
Loews Corp. | 1,263 | 62,809 | ||||||
Primerica, Inc. | 410 | 39,606 | ||||||
Progressive Corp. (The) | 1,076 | 65,561 | ||||||
Reinsurance Group of America, Inc. | 392 | 60,368 | ||||||
Torchmark Corp. | 803 | 67,588 | ||||||
W.R. Berkley Corp. | 923 | 67,102 | ||||||
|
| |||||||
Total Insurance | 686,278 | |||||||
Internet Software & Services – 1.1% | ||||||||
Akamai Technologies, Inc.* | 492 | 34,922 | ||||||
GrubHub, Inc.* | 273 | 27,701 | ||||||
|
| |||||||
Total Internet Software & Services | 62,623 | |||||||
IT Services – 14.3% | ||||||||
Booz Allen Hamilton Holding Corp. | 1,045 | 40,462 | ||||||
Broadridge Financial Solutions, Inc. | 608 | 66,692 | ||||||
Cognizant Technology Solutions Corp. Class A | 752 | 60,536 | ||||||
DST Systems, Inc. | 467 | 39,065 | ||||||
DXC Technology Co. | 486 | 48,858 | ||||||
Fidelity National Information Services, Inc. | 648 | 62,402 | ||||||
Fiserv, Inc.* | 900 | 64,179 | ||||||
FleetCor Technologies, Inc.* | 193 | 39,083 | ||||||
International Business Machines Corp. | 354 | 54,314 | ||||||
Jack Henry & Associates, Inc. | 519 | 62,773 | ||||||
Leidos Holdings, Inc. | 764 | 49,966 | ||||||
MAXIMUS, Inc. | 906 | 60,466 | ||||||
Total System Services, Inc. | 674 | 58,139 | ||||||
WEX, Inc.* | 283 | 44,323 | ||||||
Worldpay, Inc. Class A* | 582 | 47,864 | ||||||
|
| |||||||
Total IT Services | 799,122 | |||||||
Machinery – 0.5% | ||||||||
Allison Transmission Holdings, Inc. | 770 | 30,076 | ||||||
Marine – 0.5% | ||||||||
Kirby Corp.* | 343 | 26,394 | ||||||
Media – 1.6% | ||||||||
Cinemark Holdings, Inc. | 464 | 17,479 | ||||||
Omnicom Group, Inc. | 328 | 23,836 | ||||||
Time Warner, Inc. | 374 | 35,373 | ||||||
Viacom, Inc. Class B | 476 | 14,784 | ||||||
|
| |||||||
Total Media | 91,472 | |||||||
Metals & Mining – 0.2% | ||||||||
Steel Dynamics, Inc. | 309 | 13,664 | ||||||
Multi-Utilities – 0.9% | ||||||||
Ameren Corp. | 98 | 5,550 | ||||||
CenterPoint Energy, Inc. | 213 | 5,836 | ||||||
CMS Energy Corp. | 131 | 5,933 | ||||||
Consolidated Edison, Inc. | 81 | 6,313 | ||||||
Dominion Energy, Inc. | 77 | 5,192 | ||||||
DTE Energy Co. | 55 | 5,742 | ||||||
Public Service Enterprise Group, Inc. | 119 | 5,979 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 55 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Multifactor Fund (USMF)
March 31, 2018
Investments | Shares | Value | ||||||
SCANA Corp. | 65 | $ | 2,441 | |||||
WEC Energy Group, Inc. | 95 | 5,956 | ||||||
|
| |||||||
Total Multi-Utilities | 48,942 | |||||||
Multiline Retail – 2.0% | ||||||||
Dollar General Corp. | 238 | 22,265 | ||||||
Dollar Tree, Inc.* | 221 | 20,973 | ||||||
Kohl’s Corp. | 263 | 17,229 | ||||||
Macy’s, Inc. | 552 | 16,416 | ||||||
Nordstrom, Inc. | 309 | 14,959 | ||||||
Target Corp. | 247 | 17,149 | ||||||
|
| |||||||
Total Multiline Retail | 108,991 | |||||||
Oil, Gas & Consumable Fuels – 5.8% | ||||||||
Antero Resources Corp.* | 1,748 | 34,698 | ||||||
ConocoPhillips | 866 | 51,345 | ||||||
HollyFrontier Corp. | 906 | 44,267 | ||||||
Occidental Petroleum Corp. | 901 | 58,529 | ||||||
Phillips 66 | 707 | 67,816 | ||||||
Valero Energy Corp. | 707 | 65,588 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 322,243 | |||||||
Paper & Forest Products – 0.3% | ||||||||
Louisiana-Pacific Corp. | 613 | 17,636 | ||||||
Personal Products – 0.3% | ||||||||
Estee Lauder Cos., Inc. (The) Class A | 113 | 16,918 | ||||||
Pharmaceuticals – 1.5% | ||||||||
Bristol-Myers Squibb Co. | 457 | 28,905 | ||||||
Nektar Therapeutics* | 168 | 17,852 | ||||||
Zoetis, Inc. | 429 | 35,826 | ||||||
|
| |||||||
Total Pharmaceuticals | 82,583 | |||||||
Professional Services – 0.9% | ||||||||
CoStar Group, Inc.* | 142 | 51,501 | ||||||
Real Estate Management & Development – 1.9% | ||||||||
Howard Hughes Corp. (The)* | 420 | 58,435 | ||||||
Jones Lang LaSalle, Inc. | 267 | 46,629 | ||||||
|
| |||||||
Total Real Estate Management & Development | 105,064 | |||||||
Road & Rail – 0.6% | ||||||||
AMERCO | 92 | 31,749 | ||||||
Semiconductors & Semiconductor Equipment – 1.2% | ||||||||
Micron Technology, Inc.* | 634 | 33,057 | ||||||
ON Semiconductor Corp.* | 1,362 | 33,314 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 66,371 | |||||||
Software – 3.4% | ||||||||
Aspen Technology, Inc.* | 594 | 46,860 | ||||||
CA, Inc. | 1,249 | 42,341 | ||||||
CDK Global, Inc. | 826 | 52,319 | ||||||
SS&C Technologies Holdings, Inc. | 937 | 50,261 | ||||||
|
| |||||||
Total Software | 191,781 | |||||||
Specialty Retail – 3.9% | ||||||||
AutoNation, Inc.* | 328 | 15,344 | ||||||
AutoZone, Inc.* | 30 | 19,461 | ||||||
Best Buy Co., Inc. | 225 | 15,748 | ||||||
Burlington Stores, Inc.* | 154 | 20,505 | ||||||
Foot Locker, Inc. | 371 | 16,895 | ||||||
Gap, Inc. (The) | 486 | 15,163 | ||||||
Michaels Cos., Inc. (The)* | 728 | 14,349 | ||||||
O’Reilly Automotive, Inc.* | 66 | 16,327 | ||||||
Ross Stores, Inc. | 273 | 21,288 | ||||||
TJX Cos., Inc. (The) | 336 | 27,404 | ||||||
Tractor Supply Co. | 289 | 18,213 | ||||||
Williams-Sonoma, Inc. | 325 | 17,147 | ||||||
|
| |||||||
Total Specialty Retail | 217,844 | |||||||
Textiles, Apparel & Luxury Goods – 1.7% | ||||||||
Carter’s, Inc. | 257 | 26,754 | ||||||
Columbia Sportswear Co. | 317 | 24,228 | ||||||
PVH Corp. | 173 | 26,197 | ||||||
Tapestry, Inc. | 354 | 18,624 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 95,803 | |||||||
Trading Companies & Distributors – 2.0% | ||||||||
HD Supply Holdings, Inc.* | 635 | 24,092 | ||||||
MSC Industrial Direct Co., Inc. Class A | 258 | 23,661 | ||||||
W.W. Grainger, Inc. | 77 | 21,735 | ||||||
Watsco, Inc. | 225 | 40,718 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 110,206 | |||||||
Wireless Telecommunication Services – 0.7% | ||||||||
Sprint Corp.*(a) | 7,463 | 36,419 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost: $5,501,044) | 5,577,932 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2% | ||||||||
United States – 1.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) (Cost: $67,574)(c) | 67,574 | 67,574 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.1% (Cost: $5,568,618) |
| 5,645,506 | ||||||
Other Assets less Liabilities – (1.1)% |
| (63,129 | ) | |||||
|
| |||||||
NET ASSETS – 100.0% | $ | 5,582,377 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $66,083 and the total market value of the collateral held by the Fund was $67,574. |
See Notes to Financial Statements.
56 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.9% | ||||||||
United States – 99.9% | ||||||||
Aerospace & Defense – 6.8% | ||||||||
Boeing Co. (The) | 137,565 | $ | 45,104,812 | |||||
BWX Technologies, Inc. | 10,080 | 640,382 | ||||||
Curtiss-Wright Corp. | 2,079 | 280,811 | ||||||
General Dynamics Corp. | 57,467 | 12,694,460 | ||||||
Hexcel Corp. | 8,999 | 581,245 | ||||||
Huntington Ingalls Industries, Inc. | 7,125 | 1,836,540 | ||||||
Lockheed Martin Corp. | 84,347 | 28,503,382 | ||||||
Northrop Grumman Corp. | 26,583 | 9,280,657 | ||||||
Raytheon Co. | 57,389 | 12,385,694 | ||||||
Rockwell Collins, Inc. | 19,159 | 2,583,591 | ||||||
Spirit AeroSystems Holdings, Inc. Class A | 5,207 | 435,826 | ||||||
United Technologies Corp. | 210,563 | 26,493,037 | ||||||
|
| |||||||
Total Aerospace & Defense | 140,820,437 | |||||||
Air Freight & Logistics – 1.7% | ||||||||
C.H. Robinson Worldwide, Inc. | 36,583 | 3,428,193 | ||||||
Expeditors International of Washington, Inc. | 30,349 | 1,921,092 | ||||||
FedEx Corp. | 24,871 | 5,971,776 | ||||||
United Parcel Service, Inc. Class B | 218,817 | 22,901,387 | ||||||
|
| |||||||
Total Air Freight & Logistics | 34,222,448 | |||||||
Airlines – 0.1% | ||||||||
Southwest Airlines Co. | 56,491 | 3,235,804 | ||||||
Auto Components – 0.2% | ||||||||
Dana, Inc. | 9,951 | 256,338 | ||||||
Gentex Corp. | 63,507 | 1,461,931 | ||||||
Goodyear Tire & Rubber Co. (The) | 49,643 | 1,319,511 | ||||||
LCI Industries | 3,934 | 409,726 | ||||||
|
| |||||||
Total Auto Components | 3,447,506 | |||||||
Automobiles – 1.2% | ||||||||
General Motors Co. | 591,178 | 21,483,409 | ||||||
Harley-Davidson, Inc. | 55,082 | 2,361,916 | ||||||
Thor Industries, Inc. | 7,453 | 858,362 | ||||||
|
| |||||||
Total Automobiles | 24,703,687 | |||||||
Banks – 4.0% | ||||||||
Bank of the Ozarks, Inc. | 22,343 | 1,078,497 | ||||||
Comerica, Inc. | 27,186 | 2,607,953 | ||||||
First Republic Bank | 11,287 | 1,045,289 | ||||||
Wells Fargo & Co. | 1,486,152 | 77,889,226 | ||||||
|
| |||||||
Total Banks | 82,620,965 | |||||||
Beverages – 3.1% | ||||||||
Brown-Forman Corp. Class A | 23,871 | 1,273,041 | ||||||
Brown-Forman Corp. Class B | 44,225 | 2,405,840 | ||||||
Constellation Brands, Inc. Class A | 19,151 | 4,364,896 | ||||||
Dr. Pepper Snapple Group, Inc. | 52,809 | 6,251,529 | ||||||
PepsiCo, Inc. | 452,941 | 49,438,510 | ||||||
|
| |||||||
Total Beverages | 63,733,816 | |||||||
Biotechnology – 4.0% | ||||||||
AbbVie, Inc. | 547,276 | 51,799,673 | ||||||
Gilead Sciences, Inc. | 419,673 | 31,639,148 | ||||||
|
| |||||||
Total Biotechnology | 83,438,821 | |||||||
Building Products – 0.2% | ||||||||
A.O. Smith Corp. | 16,302 | 1,036,644 | ||||||
Fortune Brands Home & Security, Inc. | 20,390 | 1,200,767 | ||||||
Lennox International, Inc. | 5,384 | 1,100,328 | ||||||
|
| |||||||
Total Building Products | 3,337,739 | |||||||
Capital Markets – 4.0% | ||||||||
BlackRock, Inc. | 36,536 | 19,792,282 | ||||||
CBOE Global Markets, Inc. | 12,116 | 1,382,436 | ||||||
Charles Schwab Corp. (The) | 97,069 | 5,068,943 | ||||||
Eaton Vance Corp. | 33,012 | 1,837,778 | ||||||
FactSet Research Systems, Inc. | 5,485 | 1,093,819 | ||||||
Federated Investors, Inc. Class B | 38,915 | 1,299,761 | ||||||
Franklin Resources, Inc. | 115,470 | 4,004,499 | ||||||
Legg Mason, Inc. | 24,352 | 989,909 | ||||||
LPL Financial Holdings, Inc. | 19,786 | 1,208,331 | ||||||
MarketAxess Holdings, Inc. | 2,696 | 586,218 | ||||||
Morgan Stanley | 383,403 | 20,688,426 | ||||||
Morningstar, Inc. | 5,892 | 562,804 | ||||||
MSCI, Inc. | 15,138 | 2,262,677 | ||||||
Raymond James Financial, Inc. | 19,538 | 1,746,892 | ||||||
S&P Global, Inc. | 28,982 | 5,537,301 | ||||||
SEI Investments Co. | 19,379 | 1,451,681 | ||||||
T. Rowe Price Group, Inc. | 63,491 | 6,855,123 | ||||||
TD Ameritrade Holding Corp. | 101,065 | 5,986,080 | ||||||
|
| |||||||
Total Capital Markets | 82,354,960 | |||||||
Chemicals – 2.7% | ||||||||
Air Products & Chemicals, Inc. | 59,092 | 9,397,401 | ||||||
Celanese Corp. Series A | 26,924 | 2,698,054 | ||||||
Ecolab, Inc. | 39,019 | 5,348,334 | ||||||
FMC Corp. | 12,096 | 926,191 | ||||||
International Flavors & Fragrances, Inc. | 18,616 | 2,548,716 | ||||||
Monsanto Co. | 94,046 | 10,974,228 | ||||||
NewMarket Corp. | 2,029 | 815,009 | ||||||
PolyOne Corp. | 14,745 | 626,957 | ||||||
PPG Industries, Inc. | 45,696 | 5,099,674 | ||||||
Praxair, Inc. | 69,447 | 10,021,202 | ||||||
Scotts Miracle-Gro Co. (The) | 14,513 | 1,244,490 | ||||||
Sherwin-Williams Co. (The) | 9,378 | 3,677,301 | ||||||
Westlake Chemical Corp. | 13,266 | 1,474,516 | ||||||
|
| |||||||
Total Chemicals | 54,852,073 | |||||||
Commercial Services & Supplies – 0.8% | ||||||||
Cintas Corp. | 13,386 | 2,283,384 | ||||||
Deluxe Corp. | 9,337 | 691,031 | ||||||
Healthcare Services Group, Inc. | 14,763 | 641,895 | ||||||
KAR Auction Services, Inc. | 47,004 | 2,547,617 | ||||||
MSA Safety, Inc. | 6,318 | 525,910 | ||||||
Rollins, Inc. | 29,515 | 1,506,151 | ||||||
Waste Management, Inc. | 99,531 | 8,372,548 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 16,568,536 | |||||||
Construction & Engineering – 0.0% | ||||||||
EMCOR Group, Inc. | 3,197 | 249,142 | ||||||
Valmont Industries, Inc. | 2,663 | 389,597 | ||||||
|
| |||||||
Total Construction & Engineering | 638,739 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 57 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
March 31, 2018
Investments | Shares | Value | ||||||
Construction Materials – 0.1% | ||||||||
Eagle Materials, Inc. | 1,923 | $ | 198,165 | |||||
Martin Marietta Materials, Inc. | 5,189 | 1,075,680 | ||||||
|
| |||||||
Total Construction Materials | 1,273,845 | |||||||
Consumer Finance – 0.7% | ||||||||
American Express Co. | 145,472 | 13,569,628 | ||||||
Containers & Packaging – 0.3% | ||||||||
AptarGroup, Inc. | 12,092 | 1,086,225 | ||||||
Avery Dennison Corp. | 15,948 | 1,694,475 | ||||||
Graphic Packaging Holding Co. | 80,878 | 1,241,477 | ||||||
Packaging Corp. of America | 23,906 | 2,694,206 | ||||||
|
| |||||||
Total Containers & Packaging | 6,716,383 | |||||||
Distributors – 0.2% | ||||||||
Genuine Parts Co. | 47,720 | 4,287,165 | ||||||
Pool Corp. | 5,263 | 769,556 | ||||||
|
| |||||||
Total Distributors | 5,056,721 | |||||||
Diversified Consumer Services – 0.1% | ||||||||
Service Corp. International | 34,000 | 1,283,160 | ||||||
Electrical Equipment – 1.1% | ||||||||
AMETEK, Inc. | 13,959 | 1,060,465 | ||||||
Emerson Electric Co. | 217,752 | 14,872,462 | ||||||
Hubbell, Inc. | 15,174 | 1,847,890 | ||||||
Rockwell Automation, Inc. | 26,245 | 4,571,879 | ||||||
|
| |||||||
Total Electrical Equipment | 22,352,696 | |||||||
Electronic Equipment, Instruments & Components – 0.4% | ||||||||
Amphenol Corp. Class A | 20,518 | 1,767,215 | ||||||
CDW Corp. | 14,706 | 1,033,979 | ||||||
Cognex Corp. | 5,996 | 311,732 | ||||||
Corning, Inc. | 145,748 | 4,063,454 | ||||||
Dolby Laboratories, Inc. Class A | 4,207 | 267,397 | ||||||
FLIR Systems, Inc. | 13,279 | 664,083 | ||||||
Jabil, Inc. | 13,921 | 399,950 | ||||||
Littelfuse, Inc. | 1,377 | 286,664 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 8,794,474 | |||||||
Equity Real Estate Investment Trusts (REITs) – 0.6% | ||||||||
American Tower Corp. | 91,318 | 13,272,158 | ||||||
Food & Staples Retailing – 2.7% | ||||||||
Casey’s General Stores, Inc. | 3,734 | 409,881 | ||||||
Costco Wholesale Corp. | 53,535 | 10,087,600 | ||||||
CVS Health Corp. | 317,514 | 19,752,546 | ||||||
Sysco Corp. | 138,553 | 8,307,638 | ||||||
Walgreens Boots Alliance, Inc. | 253,628 | 16,605,025 | ||||||
|
| |||||||
Total Food & Staples Retailing | 55,162,690 | |||||||
Food Products – 2.4% | ||||||||
Campbell Soup Co. | 87,165 | 3,775,116 | ||||||
Flowers Foods, Inc. | 87,544 | 1,913,712 | ||||||
General Mills, Inc. | 231,385 | 10,426,208 | ||||||
Hershey Co. (The) | 43,181 | 4,273,192 | ||||||
Hormel Foods Corp. | 125,903 | 4,320,991 | ||||||
Lancaster Colony Corp. | 7,053 | 868,507 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 29,749 | 3,164,996 | ||||||
Mondelez International, Inc. Class A | 357,167 | 14,904,579 | ||||||
Pinnacle Foods, Inc. | 33,343 | 1,803,856 | ||||||
Tyson Foods, Inc. Class A | 48,260 | 3,532,149 | ||||||
|
| |||||||
Total Food Products | 48,983,306 | |||||||
Health Care Equipment & Supplies – 2.3% | ||||||||
Abbott Laboratories | 395,386 | 23,691,529 | ||||||
Baxter International, Inc. | 63,489 | 4,129,325 | ||||||
Becton, Dickinson and Co. | 37,875 | 8,207,513 | ||||||
Cantel Medical Corp. | 935 | 104,168 | ||||||
Cooper Cos., Inc. (The) | 149 | 34,093 | ||||||
ResMed, Inc. | 27,241 | 2,682,421 | ||||||
Stryker Corp. | 47,757 | 7,685,056 | ||||||
Teleflex, Inc. | 4,321 | 1,101,769 | ||||||
West Pharmaceutical Services, Inc. | 5,149 | 454,605 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 48,090,479 | |||||||
Health Care Providers & Services – 3.0% | ||||||||
Aetna, Inc. | 40,688 | 6,876,272 | ||||||
Anthem, Inc. | 36,498 | 8,018,610 | ||||||
Cardinal Health, Inc. | 112,870 | 7,074,692 | ||||||
Cigna Corp. | 923 | 154,824 | ||||||
Encompass Health Corp. | 23,546 | 1,346,125 | ||||||
Humana, Inc. | 9,632 | 2,589,370 | ||||||
McKesson Corp. | 19,749 | 2,782,042 | ||||||
UnitedHealth Group, Inc. | 150,684 | 32,246,376 | ||||||
|
| |||||||
Total Health Care Providers & Services | 61,088,311 | |||||||
Hotels, Restaurants & Leisure – 1.6% | ||||||||
Aramark | 32,888 | 1,301,049 | ||||||
Cracker Barrel Old Country Store, Inc.(a) | 8,114 | 1,291,749 | ||||||
Darden Restaurants, Inc. | 41,402 | 3,529,520 | ||||||
ILG, Inc. | 29,342 | 912,830 | ||||||
Starbucks Corp. | 335,490 | 19,421,516 | ||||||
Texas Roadhouse, Inc. | 12,713 | 734,557 | ||||||
Vail Resorts, Inc. | 8,649 | 1,917,483 | ||||||
Wendy’s Co. (The) | 56,121 | 984,924 | ||||||
Wyndham Worldwide Corp. | 24,671 | 2,823,103 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 32,916,731 | |||||||
Household Durables – 0.3% | ||||||||
D.R. Horton, Inc. | 44,334 | 1,943,603 | ||||||
Leggett & Platt, Inc. | 46,949 | 2,082,658 | ||||||
Lennar Corp. Class A | 8,209 | 483,838 | ||||||
PulteGroup, Inc. | 39,447 | 1,163,292 | ||||||
Toll Brothers, Inc. | 11,890 | 514,242 | ||||||
|
| |||||||
Total Household Durables | 6,187,633 | |||||||
Household Products – 0.3% | ||||||||
Church & Dwight Co., Inc. | 47,515 | 2,392,855 | ||||||
Clorox Co. (The) | 34,904 | 4,646,072 | ||||||
|
| |||||||
Total Household Products | 7,038,927 | |||||||
Independent Power & Renewable Electricity Producers – 0.0% | ||||||||
Ormat Technologies, Inc. | 2,523 | 142,247 | ||||||
Industrial Conglomerates – 2.8% | ||||||||
3M Co. | 136,796 | 30,029,458 | ||||||
Carlisle Cos., Inc. | 8,968 | 936,349 |
See Notes to Financial Statements.
58 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
March 31, 2018
Investments | Shares | Value | ||||||
Honeywell International, Inc. | 172,145 | $ | 24,876,674 | |||||
Roper Technologies, Inc. | 6,531 | 1,833,186 | ||||||
|
| |||||||
Total Industrial Conglomerates | 57,675,667 | |||||||
Insurance – 0.8% | ||||||||
Brown & Brown, Inc. | 30,860 | 785,079 | ||||||
Erie Indemnity Co. Class A | 13,547 | 1,593,669 | ||||||
Marsh & McLennan Cos., Inc. | 105,454 | 8,709,446 | ||||||
Progressive Corp. (The) | 91,141 | 5,553,221 | ||||||
Selective Insurance Group, Inc. | 6,842 | 415,309 | ||||||
|
| |||||||
Total Insurance | 17,056,724 | |||||||
Internet & Catalog Retail – 0.1% | ||||||||
Expedia Group, Inc. | 15,349 | 1,694,683 | ||||||
Internet Software & Services – 0.0% | ||||||||
j2 Global, Inc. | 8,177 | 645,329 | ||||||
LogMeIn, Inc. | 3,079 | 355,778 | ||||||
|
| |||||||
Total Internet Software & Services | 1,001,107 | |||||||
IT Services – 4.7% | ||||||||
Automatic Data Processing, Inc. | 78,856 | 8,948,579 | ||||||
Booz Allen Hamilton Holding Corp. | 20,502 | 793,837 | ||||||
Broadridge Financial Solutions, Inc. | 16,399 | 1,798,806 | ||||||
Cognizant Technology Solutions Corp. Class A | 40,327 | 3,246,323 | ||||||
CSRA, Inc. | 16,621 | 685,284 | ||||||
DST Systems, Inc. | 5,832 | 487,847 | ||||||
Fidelity National Information Services, Inc. | 32,871 | 3,165,477 | ||||||
Global Payments, Inc. | 955 | 106,502 | ||||||
International Business Machines Corp. | 294,568 | 45,195,568 | ||||||
Jack Henry & Associates, Inc. | 6,990 | 845,440 | ||||||
Leidos Holdings, Inc. | 25,634 | 1,676,464 | ||||||
MasterCard, Inc. Class A | 50,438 | 8,834,720 | ||||||
MAXIMUS, Inc. | 1,023 | 68,275 | ||||||
Paychex, Inc. | 84,469 | 5,202,446 | ||||||
Total System Services, Inc. | 10,257 | 884,769 | ||||||
Visa, Inc. Class A | 103,169 | 12,341,076 | ||||||
Western Union Co. (The) | 132,561 | 2,549,148 | ||||||
|
| |||||||
Total IT Services | 96,830,561 | |||||||
Leisure Products – 0.3% | ||||||||
Brunswick Corp. | 13,575 | 806,219 | ||||||
Hasbro, Inc. | 35,671 | 3,007,066 | ||||||
Polaris Industries, Inc. | 13,164 | 1,507,541 | ||||||
|
| |||||||
Total Leisure Products | 5,320,826 | |||||||
Life Sciences Tools & Services – 0.3% | ||||||||
Agilent Technologies, Inc. | 27,336 | 1,828,778 | ||||||
Bio-Techne Corp. | 5,072 | 766,075 | ||||||
PerkinElmer, Inc. | 4,159 | 314,920 | ||||||
Thermo Fisher Scientific, Inc. | 15,135 | 3,124,772 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 6,034,545 | |||||||
Machinery – 2.2% | ||||||||
AGCO Corp. | 5,634 | 365,309 | ||||||
Barnes Group, Inc. | 4,445 | 266,211 | ||||||
Crane Co. | 11,916 | 1,105,090 | ||||||
Cummins, Inc. | 47,605 | 7,716,294 | ||||||
Donaldson Co., Inc. | 23,613 | 1,063,766 | ||||||
Dover Corp. | 34,754 | 3,413,538 | ||||||
Fortive Corp. | 12,621 | 978,380 | ||||||
Graco, Inc. | 30,396 | 1,389,705 | ||||||
IDEX Corp. | 12,493 | 1,780,377 | ||||||
Illinois Tool Works, Inc. | 74,514 | 11,673,363 | ||||||
ITT, Inc. | 12,365 | 605,638 | ||||||
Lincoln Electric Holdings, Inc. | 13,177 | 1,185,271 | ||||||
Nordson Corp. | 6,394 | 871,758 | ||||||
Parker-Hannifin Corp. | 21,571 | 3,689,288 | ||||||
Stanley Black & Decker, Inc. | 27,230 | 4,171,636 | ||||||
Toro Co. (The) | 13,418 | 837,954 | ||||||
Trinity Industries, Inc. | 27,446 | 895,563 | ||||||
Wabtec Corp. | 5,668 | 461,375 | ||||||
Woodward, Inc. | 4,520 | 323,903 | ||||||
Xylem, Inc. | 24,988 | 1,922,077 | ||||||
|
| |||||||
Total Machinery | 44,716,496 | |||||||
Media – 2.0% | ||||||||
CBS Corp. Class B Non-Voting Shares | 51,600 | 2,651,724 | ||||||
Cinemark Holdings, Inc. | 42,897 | 1,615,930 | ||||||
Twenty-First Century Fox, Inc. Class A | 133,267 | 4,889,566 | ||||||
Twenty-First Century Fox, Inc. Class B | 101,782 | 3,701,812 | ||||||
Walt Disney Co. (The) | 280,150 | 28,138,266 | ||||||
|
| |||||||
Total Media | 40,997,298 | |||||||
Multi-Utilities – 0.4% | ||||||||
Sempra Energy | 81,491 | 9,063,429 | ||||||
Multiline Retail – 0.3% | ||||||||
Dollar General Corp. | 35,617 | 3,331,970 | ||||||
Nordstrom, Inc. | 61,866 | 2,994,933 | ||||||
|
| |||||||
Total Multiline Retail | 6,326,903 | |||||||
Oil, Gas & Consumable Fuels – 6.4% | ||||||||
Andeavor | 37,870 | 3,808,207 | ||||||
Exxon Mobil Corp. | 1,374,065 | 102,518,990 | ||||||
Marathon Petroleum Corp. | 138,528 | 10,127,782 | ||||||
Pioneer Natural Resources Co. | 856 | 147,044 | ||||||
Valero Energy Corp. | 161,124 | 14,947,473 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 131,549,496 | |||||||
Personal Products – 0.3% | ||||||||
Estee Lauder Cos., Inc. (The) Class A | 32,573 | 4,876,830 | ||||||
Nu Skin Enterprises, Inc. Class A | 17,792 | 1,311,448 | ||||||
|
| |||||||
Total Personal Products | 6,188,278 | |||||||
Pharmaceuticals – 7.3% | ||||||||
Bristol-Myers Squibb Co. | 472,936 | 29,913,202 | ||||||
Eli Lilly & Co. | 308,974 | 23,905,318 | ||||||
Johnson & Johnson | 737,698 | 94,535,999 | ||||||
Zoetis, Inc. | 33,635 | 2,808,859 | ||||||
|
| |||||||
Total Pharmaceuticals | 151,163,378 | |||||||
Professional Services – 0.2% | ||||||||
Equifax, Inc. | 17,767 | 2,093,130 | ||||||
Robert Half International, Inc. | 27,047 | 1,565,751 | ||||||
|
| |||||||
Total Professional Services | 3,658,881 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 59 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
March 31, 2018
Investments | Shares | Value | ||||||
Real Estate Management & Development – 0.1% | ||||||||
Jones Lang LaSalle, Inc. | 3,416 | $ | 596,570 | |||||
Realogy Holdings Corp. | 16,689 | 455,276 | ||||||
|
| |||||||
Total Real Estate Management & Development | 1,051,846 | |||||||
Road & Rail – 2.2% | ||||||||
CSX Corp. | 144,404 | 8,044,747 | ||||||
JB Hunt Transport Services, Inc. | 11,463 | 1,342,890 | ||||||
Kansas City Southern | 18,725 | 2,056,941 | ||||||
Knight-Swift Transportation Holdings, Inc. | 10,080 | 463,781 | ||||||
Landstar System, Inc. | 2,085 | 228,620 | ||||||
Norfolk Southern Corp. | 58,402 | 7,929,824 | ||||||
Old Dominion Freight Line, Inc. | 2,382 | 350,083 | ||||||
Union Pacific Corp. | 189,222 | 25,437,113 | ||||||
|
| |||||||
Total Road & Rail | 45,853,999 | |||||||
Semiconductors & Semiconductor Equipment – 6.2% | ||||||||
Analog Devices, Inc. | 63,032 | 5,744,106 | ||||||
Applied Materials, Inc. | 70,594 | 3,925,732 | ||||||
Intel Corp. | 966,421 | 50,331,206 | ||||||
KLA-Tencor Corp. | 30,030 | 3,273,570 | ||||||
Lam Research Corp. | 14,729 | 2,992,344 | ||||||
Maxim Integrated Products, Inc. | 63,085 | 3,798,979 | ||||||
Microchip Technology, Inc.(a) | 33,189 | 3,032,147 | ||||||
MKS Instruments, Inc. | 4,379 | 506,431 | ||||||
Monolithic Power Systems, Inc. | 2,968 | 343,605 | ||||||
NVIDIA Corp. | 16,332 | 3,782,328 | ||||||
QUALCOMM, Inc. | 429,170 | 23,780,310 | ||||||
Skyworks Solutions, Inc. | 19,719 | 1,977,027 | ||||||
Texas Instruments, Inc. | 204,474 | 21,242,804 | ||||||
Xilinx, Inc. | 41,008 | 2,962,418 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 127,693,007 | |||||||
Software – 5.7% | ||||||||
Activision Blizzard, Inc. | 30,478 | 2,056,046 | ||||||
Blackbaud, Inc. | 2,124 | 216,245 | ||||||
Intuit, Inc. | 20,520 | 3,557,142 | ||||||
Microsoft Corp. | 962,959 | 87,889,268 | ||||||
Oracle Corp. | 524,531 | 23,997,293 | ||||||
Pegasystems, Inc. | 1,196 | 72,537 | ||||||
|
| |||||||
Total Software | 117,788,531 | |||||||
Specialty Retail – 4.3% | ||||||||
Best Buy Co., Inc. | 74,254 | 5,197,038 | ||||||
Gap, Inc. (The) | 126,701 | 3,953,071 | ||||||
Home Depot, Inc. (The) | 262,008 | 46,700,306 | ||||||
Lowe’s Cos., Inc. | 183,821 | 16,130,293 | ||||||
Ross Stores, Inc. | 36,429 | 2,840,733 | ||||||
Tiffany & Co. | 30,299 | 2,959,000 | ||||||
TJX Cos., Inc. (The) | 123,145 | 10,043,706 | ||||||
Williams-Sonoma, Inc.(a) | 27,477 | 1,449,687 | ||||||
|
| |||||||
Total Specialty Retail | 89,273,834 | |||||||
Technology Hardware, Storage & Peripherals – 4.0% | ||||||||
Apple, Inc. | 478,540 | 80,289,441 | ||||||
NetApp, Inc. | 29,044 | 1,791,725 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 82,081,166 | |||||||
Textiles, Apparel & Luxury Goods – 1.5% | ||||||||
Carter’s, Inc. | 7,847 | 816,873 | ||||||
Columbia Sportswear Co. | 8,981 | 686,418 | ||||||
Hanesbrands, Inc.(a) | 120,825 | 2,225,596 | ||||||
NIKE, Inc. Class B | 196,633 | 13,064,297 | ||||||
PVH Corp. | 913 | 138,256 | ||||||
Tapestry, Inc. | 105,074 | 5,527,943 | ||||||
VF Corp. | 116,570 | 8,640,168 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 31,099,551 | |||||||
Tobacco – 2.4% | ||||||||
Altria Group, Inc. | 811,654 | 50,582,277 | ||||||
Trading Companies & Distributors – 0.5% | ||||||||
Fastenal Co. | 81,091 | 4,426,758 | ||||||
MSC Industrial Direct Co., Inc. Class A | 9,910 | 908,846 | ||||||
W.W. Grainger, Inc. | 14,630 | 4,129,610 | ||||||
Watsco, Inc. | 9,314 | 1,685,554 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 11,150,768 | |||||||
TOTAL COMMON STOCKS (Cost: $1,870,961,941) | 2,061,758,171 | |||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1% | ||||||||
United States – 0.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) (Cost: $1,751,217)(c) | 1,751,217 | 1,751,217 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.0% (Cost: $1,872,713,158) | 2,063,509,388 | |||||||
Other Assets less Liabilities – 0.0% | 795,932 | |||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 2,064,305,320 |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $5,471,938 and the total market value of the collateral held by the Fund was $5,631,347. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,880,130. |
See Notes to Financial Statements.
60 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
United States – 99.8% | ||||||||
Aerospace & Defense – 4.0% | ||||||||
Boeing Co. (The) | 1,049 | $ | 343,946 | |||||
General Dynamics Corp. | 845 | 186,661 | ||||||
Harris Corp. | 1,533 | 247,242 | ||||||
Huntington Ingalls Industries, Inc. | 691 | 178,112 | ||||||
Lockheed Martin Corp. | 638 | 215,599 | ||||||
Spirit AeroSystems Holdings, Inc. Class A | 3,051 | 255,369 | ||||||
TransDigm Group, Inc. | 374 | 114,796 | ||||||
United Technologies Corp. | 1,893 | 238,177 | ||||||
|
| |||||||
Total Aerospace & Defense | 1,779,902 | |||||||
Airlines – 3.5% | ||||||||
American Airlines Group, Inc. | 7,682 | 399,157 | ||||||
Delta Air Lines, Inc. | 5,053 | 276,955 | ||||||
JetBlue Airways Corp.* | 14,452 | 293,664 | ||||||
Southwest Airlines Co. | 3,785 | 216,805 | ||||||
United Continental Holdings, Inc.* | 5,428 | 377,083 | ||||||
|
| |||||||
Total Airlines | 1,563,664 | |||||||
Auto Components – 1.4% | ||||||||
Goodyear Tire & Rubber Co. (The) | 9,990 | 265,534 | ||||||
Lear Corp. | 1,063 | 197,814 | ||||||
Visteon Corp.* | 1,356 | 149,485 | ||||||
|
| |||||||
Total Auto Components | 612,833 | |||||||
Automobiles – 1.6% | ||||||||
General Motors Co. | 9,610 | 349,227 | ||||||
Harley-Davidson, Inc. | 8,078 | 346,385 | ||||||
|
| |||||||
Total Automobiles | 695,612 | |||||||
Banks – 1.9% | ||||||||
Bank of America Corp. | 6,876 | 206,211 | ||||||
BB&T Corp. | 4,935 | 256,817 | ||||||
Citigroup, Inc. | 2,737 | 184,748 | ||||||
Fifth Third Bancorp | 5,962 | 189,294 | ||||||
|
| |||||||
Total Banks | 837,070 | |||||||
Beverages – 1.0% | ||||||||
Dr. Pepper Snapple Group, Inc. | 2,324 | 275,115 | ||||||
PepsiCo, Inc. | 1,465 | 159,905 | ||||||
|
| |||||||
Total Beverages | 435,020 | |||||||
Biotechnology – 2.0% | ||||||||
AbbVie, Inc. | 1,955 | 185,041 | ||||||
Amgen, Inc. | 1,212 | 206,622 | ||||||
Biogen, Inc.* | 389 | 106,516 | ||||||
Gilead Sciences, Inc. | 2,408 | 181,539 | ||||||
United Therapeutics Corp.* | 1,962 | 220,450 | ||||||
|
| |||||||
Total Biotechnology | 900,168 | |||||||
Building Products – 0.7% | ||||||||
Fortune Brands Home & Security, Inc. | 1,889 | 111,243 | ||||||
Masco Corp. | 5,105 | 206,446 | ||||||
|
| |||||||
Total Building Products | 317,689 | |||||||
Capital Markets – 3.5% | ||||||||
Ameriprise Financial, Inc. | 1,478 | 218,655 | ||||||
Bank of New York Mellon Corp. (The) | 3,570 | 183,962 | ||||||
BGC Partners, Inc. Class A | 6,609 | 88,891 | ||||||
FactSet Research Systems, Inc. | 501 | 99,910 | ||||||
Franklin Resources, Inc. | 4,242 | 147,113 | ||||||
Goldman Sachs Group, Inc. (The) | 999 | 251,608 | ||||||
MSCI, Inc. | 1,679 | 250,960 | ||||||
S&P Global, Inc. | 737 | 140,811 | ||||||
T. Rowe Price Group, Inc. | 1,741 | 187,976 | ||||||
|
| |||||||
Total Capital Markets | 1,569,886 | |||||||
Chemicals – 2.5% | ||||||||
Celanese Corp. Series A | 2,487 | 249,222 | ||||||
Eastman Chemical Co. | 1,952 | 206,092 | ||||||
LyondellBasell Industries N.V. Class A | 2,613 | 276,142 | ||||||
PPG Industries, Inc. | 1,736 | 193,738 | ||||||
Scotts Miracle-Gro Co. (The) | 2,384 | 204,428 | ||||||
|
| |||||||
Total Chemicals | 1,129,622 | |||||||
Commercial Services & Supplies – 0.4% | ||||||||
Waste Management, Inc. | 2,298 | 193,308 | ||||||
Communications Equipment – 1.7% | ||||||||
F5 Networks, Inc.* | 2,252 | 325,662 | ||||||
Juniper Networks, Inc. | 7,687 | 187,024 | ||||||
Motorola Solutions, Inc. | 2,113 | 222,499 | ||||||
|
| |||||||
Total Communications Equipment | 735,185 | |||||||
Construction & Engineering – 0.3% | ||||||||
EMCOR Group, Inc. | 1,792 | 139,650 | ||||||
Consumer Finance – 2.8% | ||||||||
Ally Financial, Inc. | 9,112 | 247,391 | ||||||
American Express Co. | 2,532 | 236,185 | ||||||
Credit Acceptance Corp.*(a) | 493 | 162,892 | ||||||
Discover Financial Services | 4,473 | 321,743 | ||||||
Synchrony Financial | 7,728 | 259,120 | ||||||
|
| |||||||
Total Consumer Finance | 1,227,331 | |||||||
Containers & Packaging – 1.4% | ||||||||
Avery Dennison Corp. | 1,204 | 127,925 | ||||||
Bemis Co., Inc. | 5,660 | 246,323 | ||||||
Sealed Air Corp. | 5,976 | 255,713 | ||||||
|
| |||||||
Total Containers & Packaging | 629,961 | |||||||
Diversified Consumer Services – 0.8% | ||||||||
H&R Block, Inc. | 13,880 | 352,691 | ||||||
Diversified Telecommunication Services – 0.4% | ||||||||
Verizon Communications, Inc. | 3,974 | 190,037 | ||||||
Electric Utilities – 0.4% | ||||||||
FirstEnergy Corp. | 5,378 | 182,906 | ||||||
Electrical Equipment – 0.9% | ||||||||
Acuity Brands, Inc. | 1,318 | 183,452 | ||||||
Eaton Corp. PLC | 2,932 | 234,296 | ||||||
|
| |||||||
Total Electrical Equipment | 417,748 | |||||||
Electronic Equipment, Instruments & Components – 3.0% | ||||||||
Avnet, Inc. | 8,844 | 369,326 | ||||||
CDW Corp. | 3,171 | 222,953 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 61 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
March 31, 2018
Investments | Shares | Value | ||||||
Corning, Inc. | 12,174 | $ | 339,411 | |||||
Jabil, Inc. | 9,748 | 280,060 | ||||||
TE Connectivity Ltd. | 1,319 | 131,768 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 1,343,518 | |||||||
Food & Staples Retailing – 2.1% | ||||||||
CVS Health Corp. | 2,385 | 148,371 | ||||||
Kroger Co. (The) | 9,036 | 216,322 | ||||||
Sysco Corp. | 2,890 | 173,284 | ||||||
Walgreens Boots Alliance, Inc. | 2,766 | 181,090 | ||||||
Walmart, Inc. | 2,292 | 203,919 | ||||||
|
| |||||||
Total Food & Staples Retailing | 922,986 | |||||||
Food Products – 4.2% | ||||||||
Campbell Soup Co. | 5,086 | 220,275 | ||||||
Conagra Brands, Inc. | 12,032 | 443,740 | ||||||
General Mills, Inc. | 7,126 | 321,098 | ||||||
Hershey Co. (The) | 1,535 | 151,904 | ||||||
J.M. Smucker Co. (The) | 2,301 | 285,347 | ||||||
Kellogg Co. | 3,351 | 217,848 | ||||||
Tyson Foods, Inc. Class A | 3,118 | 228,206 | ||||||
|
| |||||||
Total Food Products | 1,868,418 | |||||||
Health Care Equipment & Supplies – 0.7% | ||||||||
Edwards Lifesciences Corp.* | 1,116 | 155,704 | ||||||
Intuitive Surgical, Inc.* | 413 | 170,499 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 326,203 | |||||||
Health Care Providers & Services – 6.4% | ||||||||
Aetna, Inc. | 1,750 | 295,750 | ||||||
Anthem, Inc. | 700 | 153,790 | ||||||
Cardinal Health, Inc. | 4,157 | 260,561 | ||||||
DaVita, Inc.* | 5,961 | 393,068 | ||||||
Express Scripts Holding Co.* | 6,289 | 434,444 | ||||||
HCA Healthcare, Inc. | 3,569 | 346,193 | ||||||
Henry Schein, Inc.* | 2,267 | 152,365 | ||||||
Humana, Inc. | 769 | 206,730 | ||||||
McKesson Corp. | 2,996 | 422,047 | ||||||
Quest Diagnostics, Inc. | 1,980 | 198,594 | ||||||
|
| |||||||
Total Health Care Providers & Services | 2,863,542 | |||||||
Hotels, Restaurants & Leisure – 2.0% | ||||||||
Dunkin’ Brands Group, Inc. | 3,001 | 179,130 | ||||||
Las Vegas Sands Corp. | 3,022 | 217,282 | ||||||
Starbucks Corp. | 2,653 | 153,582 | ||||||
Wyndham Worldwide Corp. | 2,799 | 320,289 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 870,283 | |||||||
Household Durables – 1.5% | ||||||||
Leggett & Platt, Inc. | 2,481 | 110,057 | ||||||
PulteGroup, Inc. | 13,344 | 393,515 | ||||||
Whirlpool Corp. | 959 | 146,832 | ||||||
|
| |||||||
Total Household Durables | 650,404 | |||||||
Household Products – 1.9% | ||||||||
Church & Dwight Co., Inc. | 5,014 | 252,505 | ||||||
Kimberly-Clark Corp. | 1,991 | 219,269 | ||||||
Procter & Gamble Co. (The) | 2,442 | 193,602 | ||||||
Spectrum Brands Holdings, Inc.(a) | 1,480 | 153,476 | ||||||
|
| |||||||
Total Household Products | 818,852 | |||||||
Industrial Conglomerates – 0.4% | ||||||||
Carlisle Cos., Inc. | 1,841 | 192,219 | ||||||
Insurance – 6.2% | ||||||||
Aflac, Inc. | 4,792 | 209,698 | ||||||
Allstate Corp. (The) | 1,696 | 160,781 | ||||||
American International Group, Inc. | 8,365 | 455,223 | ||||||
Aon PLC | 2,138 | 300,026 | ||||||
Assurant, Inc. | 4,987 | 455,862 | ||||||
Hartford Financial Services Group, Inc. (The) | 5,796 | 298,610 | ||||||
Lincoln National Corp. | 3,175 | 231,965 | ||||||
MetLife, Inc. | 5,196 | 238,444 | ||||||
Torchmark Corp. | 1,556 | 130,969 | ||||||
Travelers Cos., Inc. (The) | 1,934 | 268,555 | ||||||
|
| |||||||
Total Insurance | 2,750,133 | |||||||
Internet Software & Services – 1.3% | ||||||||
eBay, Inc.* | 8,029 | 323,087 | ||||||
VeriSign, Inc.*(a) | 2,078 | 246,368 | ||||||
|
| |||||||
Total Internet Software & Services | 569,455 | |||||||
IT Services – 6.6% | ||||||||
Alliance Data Systems Corp. | 1,061 | 225,844 | ||||||
Automatic Data Processing, Inc. | 1,538 | 174,532 | ||||||
Broadridge Financial Solutions, Inc. | 1,966 | 215,651 | ||||||
Cognizant Technology Solutions Corp. Class A | 2,230 | 179,515 | ||||||
Fiserv, Inc.* | 2,900 | 206,799 | ||||||
International Business Machines Corp. | 1,864 | 285,993 | ||||||
MasterCard, Inc. Class A | 823 | 144,157 | ||||||
Paychex, Inc. | 2,543 | 156,623 | ||||||
Sabre Corp. | 12,874 | 276,147 | ||||||
Teradata Corp.* | 4,656 | 184,704 | ||||||
Western Union Co. (The) | 19,116 | 367,601 | ||||||
Worldpay, Inc. Class A* | 6,487 | 533,491 | ||||||
|
| |||||||
Total IT Services | 2,951,057 | |||||||
Life Sciences Tools & Services – 0.5% | ||||||||
IQVIA Holdings, Inc.* | 2,453 | 240,664 | ||||||
Machinery – 1.7% | ||||||||
Allison Transmission Holdings, Inc. | 10,891 | 425,403 | ||||||
Cummins, Inc. | 953 | 154,472 | ||||||
Snap-on, Inc. | 1,023 | 150,933 | ||||||
|
| |||||||
Total Machinery | 730,808 | |||||||
Media – 5.7% | ||||||||
CBS Corp. Class B Non-Voting Shares | 8,973 | 461,122 | ||||||
Charter Communications, Inc. Class A* | 1,308 | 407,076 | ||||||
Comcast Corp. Class A | 5,419 | 185,167 | ||||||
Interpublic Group of Cos., Inc. (The) | 16,433 | 378,452 | ||||||
Liberty Global PLC* | 17,674 | 537,820 | ||||||
Omnicom Group, Inc. | 4,359 | 316,768 | ||||||
Walt Disney Co. (The) | 2,488 | 249,895 | ||||||
|
| |||||||
Total Media | 2,536,300 |
See Notes to Financial Statements.
62 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
March 31, 2018
Investments | Shares | Value | ||||||
Metals & Mining – 0.5% | ||||||||
Steel Dynamics, Inc. | 4,902 | $ | 216,766 | |||||
Multiline Retail – 2.7% | ||||||||
Dollar General Corp. | 1,061 | 99,257 | ||||||
Kohl’s Corp. | 5,428 | 355,588 | ||||||
Macy’s, Inc. | 9,732 | 289,430 | ||||||
Nordstrom, Inc. | 4,236 | 205,065 | ||||||
Target Corp. | 3,550 | 246,476 | ||||||
|
| |||||||
Total Multiline Retail | 1,195,816 | |||||||
Oil, Gas & Consumable Fuels – 1.8% | ||||||||
ConocoPhillips | 4,514 | 267,635 | ||||||
Marathon Petroleum Corp. | 3,596 | 262,904 | ||||||
Valero Energy Corp. | 2,760 | 256,045 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 786,584 | |||||||
Pharmaceuticals – 1.0% | ||||||||
Bristol-Myers Squibb Co. | 3,103 | 196,265 | ||||||
Pfizer, Inc. | 6,642 | 235,724 | ||||||
|
| |||||||
Total Pharmaceuticals | 431,989 | |||||||
Professional Services – 0.9% | ||||||||
ManpowerGroup, Inc. | 1,025 | 117,978 | ||||||
Robert Half International, Inc. | 4,781 | 276,772 | ||||||
|
| |||||||
Total Professional Services | 394,750 | |||||||
Road & Rail – 1.2% | ||||||||
CSX Corp. | 4,492 | 250,249 | ||||||
Union Pacific Corp. | 2,078 | 279,346 | ||||||
|
| |||||||
Total Road & Rail | 529,595 | |||||||
Semiconductors & Semiconductor Equipment – 2.9% | ||||||||
Intel Corp. | 3,703 | 192,852 | ||||||
Lam Research Corp. | 780 | 158,465 | ||||||
Marvell Technology Group Ltd. | 10,512 | 220,752 | ||||||
Maxim Integrated Products, Inc. | 3,215 | 193,607 | ||||||
Skyworks Solutions, Inc. | 1,389 | 139,261 | ||||||
Texas Instruments, Inc. | 1,793 | 186,275 | ||||||
Xilinx, Inc. | 2,690 | 194,326 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 1,285,538 | |||||||
Software – 3.1% | ||||||||
ANSYS, Inc.* | 857 | 134,283 | ||||||
Aspen Technology, Inc.* | 3,490 | 275,326 | ||||||
CDK Global, Inc. | 5,220 | 330,635 | ||||||
Citrix Systems, Inc.* | 2,182 | 202,490 | ||||||
Fair Isaac Corp.* | 823 | 139,391 | ||||||
Intuit, Inc. | 662 | 114,758 | ||||||
VMware, Inc. Class A* | 1,524 | 184,815 | ||||||
|
| |||||||
Total Software | 1,381,698 | |||||||
Specialty Retail – 3.9% | ||||||||
AutoZone, Inc.* | 188 | 121,954 | ||||||
Best Buy Co., Inc. | 2,729 | 191,003 | ||||||
Burlington Stores, Inc.* | 870 | 115,840 | ||||||
Foot Locker, Inc. | 4,138 | 188,445 | ||||||
Gap, Inc. (The) | 3,389 | 105,737 | ||||||
Home Depot, Inc. (The) | 718 | 127,976 | ||||||
L Brands, Inc. | 2,500 | 95,525 | ||||||
Lowe’s Cos., Inc. | 1,759 | 154,352 | ||||||
O’Reilly Automotive, Inc.* | 1,131 | 279,787 | ||||||
Ross Stores, Inc. | 1,176 | 91,704 | ||||||
TJX Cos., Inc. (The) | 1,515 | 123,563 | ||||||
Tractor Supply Co. | 2,190 | 138,014 | ||||||
|
| |||||||
Total Specialty Retail | 1,733,900 | |||||||
Technology Hardware, Storage & Peripherals – 3.1% | ||||||||
Apple, Inc. | 1,192 | 199,994 | ||||||
HP, Inc. | 9,663 | 211,813 | ||||||
NetApp, Inc. | 4,642 | 286,365 | ||||||
Seagate Technology PLC | 11,897 | 696,212 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 1,394,384 | |||||||
Textiles, Apparel & Luxury Goods – 1.0% | ||||||||
Carter’s, Inc. | 1,136 | 118,258 | ||||||
Hanesbrands, Inc.(a) | 6,158 | 113,430 | ||||||
Ralph Lauren Corp. | 824 | 92,123 | ||||||
VF Corp. | 1,871 | 138,679 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 462,490 | |||||||
Tobacco – 0.5% | ||||||||
Altria Group, Inc. | 3,821 | 238,125 | ||||||
Trading Companies & Distributors – 1.8% | ||||||||
Fastenal Co. | 2,549 | 139,150 | ||||||
HD Supply Holdings, Inc.* | 6,547 | 248,393 | ||||||
W.W. Grainger, Inc. | 1,438 | 405,904 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 793,447 | |||||||
TOTAL COMMON STOCKS (Cost: $43,573,264) |
| 44,390,207 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9% | ||||||||
United States – 0.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) (Cost: $395,892)(c) | 395,892 | 395,892 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.7% (Cost: $43,969,156) |
| 44,786,099 | ||||||
Other Assets less Liabilities – (0.7)% |
| (319,629 | ) | |||||
|
| |||||||
NET ASSETS – 100.0% | $ | 44,466,470 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $608,291 and the total market value of the collateral held by the Fund was $620,130. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $224,238. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 63 |
Table of Contents
Schedule of Investments
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.1% | ||||||||
United States – 99.1% | ||||||||
Aerospace & Defense – 0.3% | ||||||||
AAR Corp. | 38,216 | $ | 1,685,708 | |||||
Cubic Corp. | 18,459 | 1,173,992 | ||||||
National Presto Industries, Inc.(a) | 11,062 | 1,037,062 | ||||||
Triumph Group, Inc. | 46,123 | 1,162,300 | ||||||
|
| |||||||
Total Aerospace & Defense | 5,059,062 | |||||||
Air Freight & Logistics – 0.1% | ||||||||
Forward Air Corp. | 47,533 | 2,512,594 | ||||||
Airlines – 0.7% | ||||||||
Allegiant Travel Co. | 46,722 | 8,061,881 | ||||||
Hawaiian Holdings, Inc. | 96,360 | 3,729,132 | ||||||
SkyWest, Inc. | 48,270 | 2,625,888 | ||||||
|
| |||||||
Total Airlines | 14,416,901 | |||||||
Auto Components – 0.8% | ||||||||
Cooper Tire & Rubber Co.(a) | 93,692 | 2,745,176 | ||||||
Standard Motor Products, Inc. | 60,019 | 2,855,104 | ||||||
Strattec Security Corp. | 8,912 | 323,951 | ||||||
Superior Industries International, Inc. | 91,903 | 1,222,310 | ||||||
Tenneco, Inc. | 138,053 | 7,574,968 | ||||||
Tower International, Inc. | 50,258 | 1,394,659 | ||||||
|
| |||||||
Total Auto Components | 16,116,168 | |||||||
Automobiles – 0.1% | ||||||||
Winnebago Industries, Inc. | 34,389 | 1,293,026 | ||||||
Banks – 6.9% | ||||||||
1st Constitution Bancorp | 4,401 | 95,062 | ||||||
1st Source Corp. | 20,057 | 1,015,285 | ||||||
Access National Corp. | 19,735 | 563,040 | ||||||
ACNB Corp.(a) | 8,776 | 256,698 | ||||||
American National Bankshares, Inc. | 12,088 | 454,509 | ||||||
Ameris Bancorp | 15,891 | 840,634 | ||||||
Ames National Corp. | 12,897 | 354,668 | ||||||
Arrow Financial Corp. | 17,296 | 587,199 | ||||||
Banc of California, Inc.(a) | 60,189 | 1,161,648 | ||||||
BancFirst Corp. | 24,065 | 1,277,852 | ||||||
BancorpSouth Bank | 73,114 | 2,325,025 | ||||||
Bank of Commerce Holdings | 8,553 | 99,642 | ||||||
Bank of Marin Bancorp | 5,325 | 367,159 | ||||||
Bankwell Financial Group, Inc. | 3,401 | 109,784 | ||||||
Banner Corp. | 27,957 | 1,551,334 | ||||||
Bar Harbor Bankshares | 19,506 | 540,706 | ||||||
BCB Bancorp, Inc. | 26,397 | 413,113 | ||||||
Berkshire Hills Bancorp, Inc. | 48,395 | 1,836,590 | ||||||
Blue Hills Bancorp, Inc. | 35,966 | 749,891 | ||||||
Boston Private Financial Holdings, Inc. | 111,435 | 1,677,097 | ||||||
Bridge Bancorp, Inc. | 25,886 | 868,475 | ||||||
Brookline Bancorp, Inc. | 86,496 | 1,401,235 | ||||||
Bryn Mawr Bank Corp. | 16,009 | 703,596 | ||||||
C&F Financial Corp. | 3,658 | 192,411 | ||||||
Camden National Corp. | 16,202 | 720,989 | ||||||
Capital City Bank Group, Inc. | 8,540 | 211,365 | ||||||
Carolina Financial Corp. | 5,187 | 203,745 | ||||||
CenterState Bank Corp. | 26,557 | 704,557 | ||||||
Central Pacific Financial Corp. | 33,127 | 942,794 | ||||||
Central Valley Community Bancorp | 7,671 | 150,045 | ||||||
Century Bancorp, Inc. Class A | 998 | 79,241 | ||||||
Chemung Financial Corp.(a) | 4,493 | 208,790 | ||||||
Citizens & Northern Corp. | 23,375 | 539,729 | ||||||
City Holding Co. | 19,545 | 1,340,005 | ||||||
Civista Bancshares, Inc. | 5,877 | 134,348 | ||||||
CNB Financial Corp. | 17,033 | 495,490 | ||||||
CoBiz Financial, Inc. | 21,317 | 417,813 | ||||||
Codorus Valley Bancorp, Inc. | 7,479 | 210,310 | ||||||
Community Bank System, Inc.(a) | 60,962 | 3,265,125 | ||||||
Community Financial Corp. (The) | 2,347 | 87,355 | ||||||
Community Trust Bancorp, Inc. | 23,787 | 1,075,172 | ||||||
ConnectOne Bancorp, Inc. | 16,819 | 484,387 | ||||||
County Bancorp, Inc. | 2,686 | 78,458 | ||||||
CVB Financial Corp. | 123,729 | 2,801,225 | ||||||
DNB Financial Corp. | 1,577 | 56,220 | ||||||
Eagle Bancorp Montana, Inc. | 3,885 | 80,614 | ||||||
Enterprise Bancorp, Inc. | 8,600 | 303,494 | ||||||
Enterprise Financial Services Corp. | 11,933 | 559,658 | ||||||
Evans Bancorp, Inc. | 4,735 | 214,259 | ||||||
Farmers & Merchants Bancorp, Inc.(a) | 5,738 | 231,643 | ||||||
Farmers Capital Bank Corp. | 3,952 | 157,882 | ||||||
Farmers National Banc Corp. | 20,451 | 283,246 | ||||||
Fidelity Southern Corp. | 29,915 | 690,139 | ||||||
Financial Institutions, Inc. | 19,036 | 563,466 | ||||||
First Bancorp | 12,287 | 438,032 | ||||||
First Bancorp, Inc. | 16,179 | 452,688 | ||||||
First Bancshares, Inc. (The)(a) | 2,346 | 75,659 | ||||||
First Bank(a) | 4,416 | 63,590 | ||||||
First Busey Corp. | 54,713 | 1,626,070 | ||||||
First Business Financial Services, Inc. | 10,327 | 259,827 | ||||||
First Commonwealth Financial Corp. | 101,463 | 1,433,672 | ||||||
First Community Bancshares, Inc. | 19,550 | 583,568 | ||||||
First Community Corp. | 4,674 | 107,035 | ||||||
First Connecticut Bancorp, Inc. | 17,312 | 443,187 | ||||||
First Financial Bancorp | 73,573 | 2,159,368 | ||||||
First Financial Bankshares, Inc.(a) | 52,701 | 2,440,056 | ||||||
First Financial Corp. | 12,434 | 517,254 | ||||||
First Financial Northwest, Inc. | 7,319 | 122,593 | ||||||
First Guaranty Bancshares, Inc.(a) | 7,986 | 207,556 | ||||||
First Internet Bancorp | 2,238 | 82,806 | ||||||
First Interstate BancSystem, Inc. Class A | 39,094 | 1,546,168 | ||||||
First Merchants Corp. | 40,055 | 1,670,294 | ||||||
First Mid-Illinois Bancshares, Inc. | 10,234 | 373,029 | ||||||
First Midwest Bancorp, Inc. | 80,306 | 1,974,725 | ||||||
First of Long Island Corp. (The) | 22,975 | 630,664 | ||||||
Flushing Financial Corp. | 37,196 | 1,002,804 | ||||||
FNB Bancorp | 4,981 | 183,251 | ||||||
German American Bancorp, Inc. | 17,153 | 572,053 | ||||||
Glacier Bancorp, Inc. | 82,275 | 3,157,715 | ||||||
Great Southern Bancorp, Inc. | 12,100 | 604,395 | ||||||
Great Western Bancorp, Inc. | 56,233 | 2,264,503 |
See Notes to Financial Statements.
64 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2018
Investments | Shares | Value | ||||||
Guaranty Bancorp | 23,235 | $ | 658,712 | |||||
Guaranty Bancshares, Inc. | 8,578 | 285,733 | ||||||
Hanmi Financial Corp. | 42,437 | 1,304,938 | ||||||
Hawthorn Bancshares, Inc.(a) | 3,667 | 74,990 | ||||||
Heartland Financial USA, Inc. | 12,584 | 667,581 | ||||||
Heritage Commerce Corp. | 45,152 | 744,105 | ||||||
Heritage Financial Corp. | 23,378 | 715,367 | ||||||
Hilltop Holdings, Inc. | 47,270 | 1,108,954 | ||||||
Hope Bancorp, Inc. | 183,575 | 3,339,229 | ||||||
Horizon Bancorp | 24,200 | 726,242 | ||||||
Independent Bank Corp. | 45,474 | 2,220,339 | ||||||
Independent Bank Group, Inc. | 8,194 | 579,316 | ||||||
International Bancshares Corp. | 52,861 | 2,056,293 | ||||||
Lakeland Bancorp, Inc. | 46,321 | 919,472 | ||||||
Lakeland Financial Corp. | 21,881 | 1,011,559 | ||||||
LCNB Corp. | 14,337 | 272,403 | ||||||
LegacyTexas Financial Group, Inc. | 35,807 | 1,533,256 | ||||||
Live Oak Bancshares, Inc. | 9,094 | 252,813 | ||||||
Macatawa Bank Corp. | 31,610 | 324,635 | ||||||
MainSource Financial Group, Inc. | 23,619 | 960,112 | ||||||
MBT Financial Corp. | 24,470 | 263,053 | ||||||
Mercantile Bank Corp. | 16,926 | 562,790 | ||||||
Middlefield Banc Corp. | 3,432 | 168,511 | ||||||
Midland States Bancorp, Inc. | 23,708 | 748,225 | ||||||
MidSouth Bancorp, Inc. | 2,896 | 36,634 | ||||||
MidWestOne Financial Group, Inc. | 11,385 | 379,007 | ||||||
MutualFirst Financial, Inc. | 6,640 | 240,700 | ||||||
National Bank Holdings Corp. Class A | 14,915 | 495,924 | ||||||
National Bankshares, Inc.(a) | 8,578 | 386,439 | ||||||
NBT Bancorp, Inc. | 51,255 | 1,818,527 | ||||||
Northrim BanCorp, Inc. | 8,593 | 296,888 | ||||||
Norwood Financial Corp. | 7,868 | 236,748 | ||||||
Ohio Valley Banc Corp.(a) | 4,595 | 192,301 | ||||||
Old Line Bancshares, Inc. | 5,956 | 196,548 | ||||||
Old National Bancorp | 189,436 | 3,201,468 | ||||||
Old Point Financial Corp. | 3,510 | 92,594 | ||||||
Old Second Bancorp, Inc. | 5,676 | 78,896 | ||||||
Orrstown Financial Services, Inc. | 7,178 | 173,349 | ||||||
Park National Corp. | 25,509 | 2,646,814 | ||||||
Parke Bancorp, Inc. | 8,125 | 169,000 | ||||||
Peapack Gladstone Financial Corp. | 4,993 | 166,716 | ||||||
Penns Woods Bancorp, Inc. | 9,356 | 395,852 | ||||||
People’s Utah Bancorp | 9,703 | 313,407 | ||||||
Peoples Bancorp of North Carolina, Inc.(a) | 3,727 | 114,493 | ||||||
Peoples Bancorp, Inc. | 23,575 | 835,734 | ||||||
Peoples Financial Services Corp.(a) | 9,294 | 424,271 | ||||||
Plumas Bancorp | 2,820 | 70,077 | ||||||
Preferred Bank | 9,703 | 622,933 | ||||||
Premier Financial Bancorp, Inc. | 14,699 | 273,548 | ||||||
QCR Holdings, Inc. | 3,339 | 149,754 | ||||||
RBB Bancorp | 8,815 | 232,452 | ||||||
Reliant Bancorp, Inc. | 4,023 | 91,684 | ||||||
Renasant Corp. | 43,589 | 1,855,148 | ||||||
Republic Bancorp, Inc. Class A | 18,784 | 719,427 | ||||||
S&T Bancorp, Inc. | 37,163 | 1,484,290 | ||||||
Sandy Spring Bancorp, Inc. | 34,929 | 1,353,848 | ||||||
ServisFirst Bancshares, Inc. | 12,184 | 497,351 | ||||||
Shore Bancshares, Inc. | 7,514 | 141,714 | ||||||
Sierra Bancorp | 14,616 | 389,370 | ||||||
Simmons First National Corp. Class A | 79,638 | 2,265,701 | ||||||
South State Corp. | 21,163 | 1,805,204 | ||||||
Southern National Bancorp of Virginia, Inc. | 21,494 | 340,465 | ||||||
Southside Bancshares, Inc. | 46,175 | 1,604,120 | ||||||
State Bank Financial Corp. | 36,122 | 1,084,021 | ||||||
Stock Yards Bancorp, Inc. | 23,112 | 811,231 | ||||||
Summit Financial Group, Inc. | 9,446 | 236,244 | ||||||
Sussex Bancorp(a) | 2,386 | 72,534 | ||||||
Tompkins Financial Corp. | 16,616 | 1,258,828 | ||||||
Towne Bank | 51,053 | 1,460,116 | ||||||
TriCo Bancshares | 17,604 | 655,221 | ||||||
Trustmark Corp. | 90,509 | 2,820,260 | ||||||
Two River Bancorp | 3,825 | 69,041 | ||||||
Union Bankshares Corp. | 48,423 | 1,777,608 | ||||||
Union Bankshares, Inc.(a) | 5,362 | 272,390 | ||||||
United Community Banks, Inc. | 50,388 | 1,594,780 | ||||||
United Security Bancshares | 19,799 | 212,839 | ||||||
Unity Bancorp, Inc. | 5,792 | 127,424 | ||||||
Univest Corp. of Pennsylvania | 37,004 | 1,025,011 | ||||||
Valley National Bancorp | 480,913 | 5,992,176 | ||||||
Washington Trust Bancorp, Inc. | 23,427 | 1,259,201 | ||||||
WesBanco, Inc. | 53,908 | 2,280,308 | ||||||
West Bancorporation, Inc. | 21,277 | 544,691 | ||||||
Westamerica Bancorporation(a) | 33,776 | 1,961,710 | ||||||
|
| |||||||
Total Banks | 135,530,437 | |||||||
Beverages – 0.1% | ||||||||
Coca-Cola Bottling Co. Consolidated | 4,820 | 832,269 | ||||||
MGP Ingredients, Inc.(a) | 5,395 | 483,338 | ||||||
|
| |||||||
Total Beverages | 1,315,607 | |||||||
Building Products – 0.9% | ||||||||
AAON, Inc. | 58,896 | 2,296,944 | ||||||
Advanced Drainage Systems, Inc. | 104,141 | 2,697,252 | ||||||
Apogee Enterprises, Inc. | 51,012 | 2,211,370 | ||||||
Griffon Corp. | 92,509 | 1,688,289 | ||||||
Insteel Industries, Inc. | 12,247 | 338,385 | ||||||
Quanex Building Products Corp. | 39,878 | 693,877 | ||||||
Simpson Manufacturing Co., Inc. | 102,510 | 5,903,551 | ||||||
Universal Forest Products, Inc. | 83,551 | 2,711,230 | ||||||
|
| |||||||
Total Building Products | 18,540,898 | |||||||
Capital Markets – 1.6% | ||||||||
Arlington Asset Investment Corp. Class A(a) | 159,216 | 1,757,745 | ||||||
Artisan Partners Asset Management, Inc. Class A | 144,753 | 4,820,275 | ||||||
Associated Capital Group, Inc. Class A | 1,763 | 66,024 | ||||||
B. Riley Financial, Inc. | 21,002 | 409,539 | ||||||
Cohen & Steers, Inc. | 54,652 | 2,222,150 | ||||||
Financial Engines, Inc. | 29,250 | 1,023,750 | ||||||
Gain Capital Holdings, Inc.(a) | 67,706 | 457,016 | ||||||
GAMCO Investors, Inc. Class A | 3,269 | 81,169 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 65 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2018
Investments | Shares | Value | ||||||
Greenhill & Co., Inc.(a) | 15,544 | $ | 287,564 | |||||
Hamilton Lane, Inc. Class A | 19,098 | 711,019 | ||||||
Hennessy Advisors, Inc. | 6,376 | 123,057 | ||||||
Houlihan Lokey, Inc. | 22,985 | 1,025,131 | ||||||
Investment Technology Group, Inc. | 24,791 | 489,374 | ||||||
Ladenburg Thalmann Financial Services, Inc. | 113,188 | 370,125 | ||||||
Moelis & Co. Class A | 48,824 | 2,482,700 | ||||||
Oppenheimer Holdings, Inc. Class A | 9,679 | 249,234 | ||||||
Piper Jaffray Cos. | 11,920 | 989,956 | ||||||
PJT Partners, Inc. Class A | 4,040 | 202,404 | ||||||
Pzena Investment Management, Inc. Class A | 10,800 | 120,204 | ||||||
Silvercrest Asset Management Group, Inc. Class A | 14,657 | 222,786 | ||||||
Virtu Financial, Inc. Class A(a) | 244,737 | 8,076,321 | ||||||
Virtus Investment Partners, Inc. | 5,439 | 673,348 | ||||||
Waddell & Reed Financial, Inc. Class A(a) | 186,431 | 3,767,771 | ||||||
Westwood Holdings Group, Inc. | 17,119 | 967,052 | ||||||
|
| |||||||
Total Capital Markets | 31,595,714 | |||||||
Chemicals – 2.2% | ||||||||
A. Schulman, Inc. | 102,139 | 4,391,977 | ||||||
Advanced Emissions Solutions, Inc.(a) | 373,774 | 4,268,499 | ||||||
American Vanguard Corp. | 14,175 | 286,335 | ||||||
Balchem Corp. | 22,606 | 1,848,040 | ||||||
Chase Corp. | 9,655 | 1,124,325 | ||||||
Core Molding Technologies, Inc. | 11,438 | 203,940 | ||||||
FutureFuel Corp. | 109,566 | 1,313,696 | ||||||
H.B. Fuller Co. | 86,470 | 4,300,153 | ||||||
Hawkins, Inc. | 38,571 | 1,355,771 | ||||||
Innophos Holdings, Inc. | 130,176 | 5,234,377 | ||||||
Innospec, Inc. | 41,871 | 2,872,351 | ||||||
KMG Chemicals, Inc. | 5,083 | 304,726 | ||||||
Minerals Technologies, Inc. | 16,073 | 1,076,087 | ||||||
Quaker Chemical Corp. | 18,955 | 2,807,804 | ||||||
Rayonier Advanced Materials, Inc.(a) | 117,622 | 2,525,344 | ||||||
Stepan Co. | 39,928 | 3,321,211 | ||||||
Tredegar Corp. | 114,783 | 2,060,355 | ||||||
Valhi, Inc. | 704,887 | 4,271,615 | ||||||
|
| |||||||
Total Chemicals | 43,566,606 | |||||||
Commercial Services & Supplies – 6.7% | ||||||||
ABM Industries, Inc. | 156,893 | 5,252,778 | ||||||
Brady Corp. Class A | 156,432 | 5,811,449 | ||||||
Covanta Holding Corp. | 1,358,282 | 19,695,089 | ||||||
Ennis, Inc. | 155,122 | 3,055,903 | ||||||
Essendant, Inc. | 383,321 | 2,989,904 | ||||||
Herman Miller, Inc. | 194,135 | 6,202,613 | ||||||
HNI Corp. | 227,715 | 8,218,234 | ||||||
Interface, Inc. | 99,214 | 2,500,193 | ||||||
Kimball International, Inc. Class B | 89,314 | 1,521,910 | ||||||
Knoll, Inc. | 222,216 | 4,486,541 | ||||||
LSC Communications, Inc. | 337,120 | 5,882,744 | ||||||
Matthews International Corp. Class A | 70,386 | 3,561,532 | ||||||
McGrath RentCorp | 84,353 | 4,528,912 | ||||||
Mobile Mini, Inc. | 182,308 | 7,930,398 | ||||||
Multi-Color Corp. | 8,573 | 566,247 | ||||||
Pitney Bowes, Inc. | 2,010,881 | 21,898,494 | ||||||
Quad/Graphics, Inc. | 308,900 | 7,830,615 | ||||||
RR Donnelley & Sons Co. | 678,101 | 5,919,822 | ||||||
Steelcase, Inc. Class A | 479,851 | 6,525,974 | ||||||
Tetra Tech, Inc. | 70,872 | 3,469,184 | ||||||
U.S. Ecology, Inc. | 47,921 | 2,554,189 | ||||||
UniFirst Corp. | 2,115 | 341,890 | ||||||
Viad Corp. | 21,935 | 1,150,491 | ||||||
VSE Corp. | 9,774 | 505,511 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 132,400,617 | |||||||
Communications Equipment – 0.9% | ||||||||
ADTRAN, Inc. | 120,799 | 1,878,424 | ||||||
Comtech Telecommunications Corp. | 77,562 | 2,318,328 | ||||||
InterDigital, Inc. | 96,498 | 7,102,253 | ||||||
PC-Tel, Inc.* | 76,697 | 550,685 | ||||||
Plantronics, Inc. | 59,873 | 3,614,533 | ||||||
TESSCO Technologies, Inc. | 54,935 | 1,271,745 | ||||||
|
| |||||||
Total Communications Equipment | 16,735,968 | |||||||
Construction & Engineering – 0.7% | ||||||||
Argan, Inc. | 50,272 | 2,159,182 | ||||||
Comfort Systems USA, Inc. | 40,095 | 1,653,919 | ||||||
Granite Construction, Inc. | 48,658 | 2,718,036 | ||||||
KBR, Inc. | 363,432 | 5,883,964 | ||||||
Primoris Services Corp. | 67,725 | 1,691,771 | ||||||
|
| |||||||
Total Construction & Engineering | 14,106,872 | |||||||
Construction Materials – 0.0% | ||||||||
United States Lime & Minerals, Inc. | 6,140 | 449,325 | ||||||
Consumer Finance – 0.2% | ||||||||
FirstCash, Inc. | 26,503 | 2,153,369 | ||||||
Nelnet, Inc. Class A | 16,899 | 885,676 | ||||||
|
| |||||||
Total Consumer Finance | 3,039,045 | |||||||
Containers & Packaging – 0.9% | ||||||||
Greif, Inc. Class A | 104,018 | 5,434,940 | ||||||
Greif, Inc. Class B | 71,260 | 4,150,895 | ||||||
Myers Industries, Inc. | 126,250 | 2,670,188 | ||||||
Silgan Holdings, Inc. | 212,819 | 5,927,009 | ||||||
|
| |||||||
Total Containers & Packaging | 18,183,032 | |||||||
Distributors – 0.2% | ||||||||
Core-Mark Holding Co., Inc. | 89,233 | 1,897,094 | ||||||
Weyco Group, Inc. | 48,632 | 1,634,035 | ||||||
|
| |||||||
Total Distributors | 3,531,129 | |||||||
Diversified Consumer Services – 0.6% | ||||||||
Capella Education Co. | 35,314 | 3,084,678 | ||||||
Carriage Services, Inc. | 28,642 | 792,238 | ||||||
Collectors Universe, Inc. | 66,605 | 1,046,364 | ||||||
Graham Holdings Co. Class B | 6,333 | 3,814,049 | ||||||
Liberty Tax, Inc. | 101,769 | 1,027,867 | ||||||
Strayer Education, Inc. | 18,340 | 1,853,257 | ||||||
|
| |||||||
Total Diversified Consumer Services | 11,618,453 |
See Notes to Financial Statements.
66 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2018
Investments | Shares | Value | ||||||
Diversified Financial Services – 0.0% | ||||||||
A-Mark Precious Metals, Inc. | 8,252 | $ | 101,087 | |||||
Marlin Business Services Corp. | 14,864 | 421,395 | ||||||
Tiptree, Inc. | 26,338 | 167,246 | ||||||
|
| |||||||
Total Diversified Financial Services | 689,728 | |||||||
Diversified Telecommunication Services – 1.6% | ||||||||
ATN International, Inc. | 30,305 | 1,806,784 | ||||||
Cogent Communications Holdings, Inc. | 299,722 | 13,007,935 | ||||||
Consolidated Communications Holdings, Inc.(a) | 1,370,833 | 15,024,330 | ||||||
IDT Corp. Class B* | 238,948 | 1,498,204 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 31,337,253 | |||||||
Electric Utilities – 1.2% | ||||||||
El Paso Electric Co. | 141,666 | 7,224,966 | ||||||
Genie Energy Ltd. Class B | 239,748 | 1,196,342 | ||||||
MGE Energy, Inc. | 108,082 | 6,063,400 | ||||||
Otter Tail Corp. | 166,151 | 7,202,646 | ||||||
Spark Energy, Inc. Class A(a) | 110,128 | 1,305,017 | ||||||
|
| |||||||
Total Electric Utilities | 22,992,371 | |||||||
Electrical Equipment – 0.8% | ||||||||
Allied Motion Technologies, Inc. | 4,513 | 179,392 | ||||||
AZZ, Inc. | 57,694 | 2,521,228 | ||||||
Encore Wire Corp. | 5,299 | 300,453 | ||||||
EnerSys | 67,001 | 4,647,859 | ||||||
General Cable Corp. | 186,692 | 5,526,083 | ||||||
LSI Industries, Inc. | 117,327 | 951,522 | ||||||
Powell Industries, Inc. | 65,222 | 1,750,559 | ||||||
Preformed Line Products Co. | 8,234 | 535,951 | ||||||
|
| |||||||
Total Electrical Equipment | 16,413,047 | |||||||
Electronic Equipment, Instruments & Components – 1.5% | ||||||||
AVX Corp. | 679,390 | 11,243,904 | ||||||
Badger Meter, Inc. | 50,970 | 2,403,236 | ||||||
Bel Fuse, Inc. Class B | 16,714 | 315,895 | ||||||
CTS Corp. | 30,386 | 826,499 | ||||||
Daktronics, Inc. | 213,379 | 1,879,869 | ||||||
Mesa Laboratories, Inc.(a) | 3,038 | 450,961 | ||||||
Methode Electronics, Inc. | 48,453 | 1,894,512 | ||||||
MTS Systems Corp. | 58,991 | 3,046,885 | ||||||
Park Electrochemical Corp. | 66,613 | 1,121,763 | ||||||
Systemax, Inc. | 79,848 | 2,279,660 | ||||||
Vishay Intertechnology, Inc. | 257,297 | 4,785,724 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 30,248,908 | |||||||
Energy Equipment & Services – 0.4% | ||||||||
Archrock, Inc. | 550,733 | 4,818,914 | ||||||
U.S. Silica Holdings, Inc.(a) | 94,612 | 2,414,498 | ||||||
|
| |||||||
Total Energy Equipment & Services | 7,233,412 | |||||||
Equity Real Estate Investment Trusts (REITs) – 13.0% | ||||||||
Acadia Realty Trust | 158,891 | 3,908,719 | ||||||
Agree Realty Corp. | 57,050 | 2,740,682 | ||||||
Alexander & Baldwin, Inc. | 28,877 | 667,925 | ||||||
Alexander’s, Inc. | 10,596 | 4,039,513 | ||||||
American Assets Trust, Inc. | 63,639 | 2,126,179 | ||||||
Armada Hoffler Properties, Inc. | 106,350 | 1,455,932 | ||||||
Ashford Hospitality Prime, Inc. | 107,721 | 1,047,048 | ||||||
Ashford Hospitality Trust, Inc. | 332,477 | 2,147,801 | ||||||
Bluerock Residential Growth REIT, Inc.(a) | 125,328 | 1,065,288 | ||||||
Brandywine Realty Trust | 301,773 | 4,792,155 | ||||||
BRT Apartments Corp. | 41,375 | 486,156 | ||||||
CareTrust REIT, Inc. | 152,679 | 2,045,899 | ||||||
CatchMark Timber Trust, Inc. Class A | 87,378 | 1,089,604 | ||||||
CBL & Associates Properties, Inc.(a) | 985,656 | 4,110,186 | ||||||
Cedar Realty Trust, Inc. | 140,516 | 553,633 | ||||||
Chatham Lodging Trust | 127,706 | 2,445,570 | ||||||
Chesapeake Lodging Trust | 164,584 | 4,577,081 | ||||||
CIM Commercial Trust Corp. | 66,856 | 845,728 | ||||||
Clipper Realty, Inc.(a) | 30,783 | 260,732 | ||||||
Columbia Property Trust, Inc. | 208,077 | 4,257,255 | ||||||
Community Healthcare Trust, Inc.(a) | 51,139 | 1,316,318 | ||||||
Condor Hospitality Trust, Inc. | 42,597 | 425,970 | ||||||
CoreCivic, Inc. | 423,563 | 8,267,950 | ||||||
CorEnergy Infrastructure Trust, Inc.(a) | 47,769 | 1,793,248 | ||||||
DDR Corp. | 1,761,500 | 12,911,795 | ||||||
DiamondRock Hospitality Co. | 428,901 | 4,477,726 | ||||||
Easterly Government Properties, Inc. | 101,699 | 2,074,660 | ||||||
Education Realty Trust, Inc. | 157,264 | 5,150,396 | ||||||
Farmland Partners, Inc.(a) | 91,979 | 768,025 | ||||||
Four Corners Property Trust, Inc. | 127,483 | 2,943,582 | ||||||
Franklin Street Properties Corp. | 364,274 | 3,063,544 | ||||||
Getty Realty Corp. | 86,703 | 2,186,650 | ||||||
Gladstone Commercial Corp. | 92,942 | 1,611,614 | ||||||
Gladstone Land Corp.(a) | 22,625 | 273,310 | ||||||
Global Medical REIT, Inc.(a) | 96,838 | 673,024 | ||||||
Global Net Lease, Inc. | 324,287 | 5,473,965 | ||||||
Government Properties Income Trust | 446,360 | �� | 6,097,278 | |||||
Hersha Hospitality Trust(a) | 128,235 | 2,295,407 | ||||||
Independence Realty Trust, Inc. | 286,164 | 2,626,986 | ||||||
InfraREIT, Inc. | 105,662 | 2,053,013 | ||||||
Investors Real Estate Trust | 277,329 | 1,439,338 | ||||||
Jernigan Capital, Inc.(a) | 47,524 | 860,184 | ||||||
Kite Realty Group Trust | 268,857 | 4,094,692 | ||||||
Lexington Realty Trust | 797,965 | 6,279,985 | ||||||
LTC Properties, Inc. | 96,067 | 3,650,546 | ||||||
Mack-Cali Realty Corp. | 160,967 | 2,689,759 | ||||||
MedEquities Realty Trust, Inc. | 119,439 | 1,255,304 | ||||||
Monmouth Real Estate Investment Corp. | 139,018 | 2,090,831 | ||||||
National Storage Affiliates Trust | 91,884 | 2,304,451 | ||||||
New Senior Investment Group, Inc. | 500,543 | 4,094,442 | ||||||
NexPoint Residential Trust, Inc. | 35,747 | 887,956 | ||||||
NorthStar Realty Europe Corp. | 114,167 | 1,486,454 | ||||||
One Liberty Properties, Inc. | 58,884 | 1,301,336 | ||||||
Pebblebrook Hotel Trust | 133,561 | 4,587,820 | ||||||
Pennsylvania Real Estate Investment Trust(a) | 262,172 | 2,529,960 | ||||||
Physicians Realty Trust | 438,006 | 6,819,753 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 291,021 | 5,119,059 | ||||||
PotlatchDeltic Corp. | 76,648 | 3,989,528 | ||||||
Preferred Apartment Communities, Inc. Class A | 84,665 | 1,201,396 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 67 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2018
Investments | Shares | Value | ||||||
QTS Realty Trust, Inc. Class A | 68,576 | $ | 2,483,823 | |||||
Ramco-Gershenson Properties Trust | 230,375 | 2,847,435 | ||||||
Retail Opportunity Investments Corp. | 201,683 | 3,563,739 | ||||||
Retail Properties of America, Inc. Class A | 559,543 | 6,524,271 | ||||||
Rexford Industrial Realty, Inc. | 70,318 | 2,024,455 | ||||||
Safety Income & Growth, Inc.(a) | 30,868 | 493,579 | ||||||
Saul Centers, Inc. | 34,370 | 1,751,839 | ||||||
Select Income REIT | 346,100 | 6,742,028 | ||||||
Seritage Growth Properties Class A(a) | 34,197 | 1,215,703 | ||||||
STAG Industrial, Inc. | 229,877 | 5,498,658 | ||||||
Summit Hotel Properties, Inc. | 226,523 | 3,082,978 | ||||||
Tanger Factory Outlet Centers, Inc.(a) | 247,282 | 5,440,204 | ||||||
Terreno Realty Corp. | 62,767 | 2,166,089 | ||||||
Tier REIT, Inc. | 84,396 | 1,559,638 | ||||||
UMH Properties, Inc. | 81,866 | 1,097,823 | ||||||
Uniti Group, Inc.(a) | 957,113 | 15,553,086 | ||||||
Universal Health Realty Income Trust | 24,113 | 1,449,191 | ||||||
Urban Edge Properties | 192,041 | 4,100,075 | ||||||
Urstadt Biddle Properties, Inc. Class A | 67,956 | 1,311,551 | ||||||
Washington Prime Group, Inc. | 1,088,258 | 7,258,681 | ||||||
Washington Real Estate Investment Trust | 142,871 | 3,900,378 | ||||||
Whitestone REIT(a) | 145,410 | 1,510,810 | ||||||
Xenia Hotels & Resorts, Inc. | 262,068 | 5,167,981 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 254,574,356 | |||||||
Food & Staples Retailing – 0.8% | ||||||||
Andersons, Inc. (The) | 85,189 | 2,819,756 | ||||||
Ingles Markets, Inc. Class A | 45,905 | 1,553,884 | ||||||
PriceSmart, Inc. | 38,820 | 3,243,411 | ||||||
SpartanNash Co. | 144,931 | 2,494,263 | ||||||
Village Super Market, Inc. Class A | 64,490 | 1,700,601 | ||||||
Weis Markets, Inc. | 118,742 | 4,866,047 | ||||||
|
| |||||||
Total Food & Staples Retailing | 16,677,962 | |||||||
Food Products – 1.5% | ||||||||
Alico, Inc. | 10,634 | 289,245 | ||||||
B&G Foods, Inc.(a) | 568,588 | 13,475,536 | ||||||
Calavo Growers, Inc.(a) | 35,637 | 3,285,731 | ||||||
Dean Foods Co. | 446,620 | 3,849,864 | ||||||
J&J Snack Foods Corp. | 34,981 | 4,777,005 | ||||||
John B. Sanfilippo & Son, Inc. | 11,050 | 639,464 | ||||||
Limoneira Co. | 23,007 | 545,956 | ||||||
Tootsie Roll Industries, Inc.(a) | 60,222 | 1,773,539 | ||||||
|
| |||||||
Total Food Products | 28,636,340 | |||||||
Gas Utilities – 1.1% | ||||||||
Chesapeake Utilities Corp. | 39,613 | 2,786,775 | ||||||
Northwest Natural Gas Co. | 123,893 | 7,142,431 | ||||||
RGC Resources, Inc. | 24,514 | 622,656 | ||||||
South Jersey Industries, Inc. | 416,158 | 11,719,009 | ||||||
|
| |||||||
Total Gas Utilities | 22,270,871 | |||||||
Health Care Equipment & Supplies – 0.7% | ||||||||
Abaxis, Inc. | 46,664 | 3,295,412 | ||||||
Analogic Corp. | 8,737 | 837,878 | ||||||
Atrion Corp. | 2,179 | 1,375,603 | ||||||
CONMED Corp. | 66,734 | 4,226,264 | ||||||
Invacare Corp. | 14,589 | 253,849 | ||||||
LeMaitre Vascular, Inc. | 20,103 | 728,332 | ||||||
Meridian Bioscience, Inc. | 230,738 | 3,276,479 | ||||||
Utah Medical Products, Inc. | 7,500 | 741,375 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 14,735,192 | |||||||
Health Care Providers & Services – 1.0% | ||||||||
Aceto Corp. | 118,022 | 896,967 | ||||||
Ensign Group, Inc. (The) | 59,119 | 1,554,830 | ||||||
National HealthCare Corp. | 70,731 | 4,217,690 | ||||||
National Research Corp. Class A | 37,575 | 1,099,069 | ||||||
National Research Corp. Class B(a) | 23,538 | 1,141,593 | ||||||
Owens & Minor, Inc. | 519,339 | 8,075,721 | ||||||
Psychemedics Corp. | 23,480 | 485,566 | ||||||
U.S. Physical Therapy, Inc. | 21,859 | 1,777,137 | ||||||
|
| |||||||
Total Health Care Providers & Services | 19,248,573 | |||||||
Health Care Technology – 0.1% | ||||||||
Computer Programs & Systems, Inc.(a) | 30,724 | 897,141 | ||||||
Simulations Plus, Inc. | 38,062 | 561,414 | ||||||
|
| |||||||
Total Health Care Technology | 1,458,555 | |||||||
Hotels, Restaurants & Leisure – 3.5% | ||||||||
BBX Capital Corp. | 51,621 | 475,429 | ||||||
BJ’s Restaurants, Inc. | 38,494 | 1,728,381 | ||||||
Bloomin’ Brands, Inc. | 207,811 | 5,045,651 | ||||||
Brinker International, Inc.(a) | 289,953 | 10,467,303 | ||||||
Cheesecake Factory, Inc. (The)(a) | 168,903 | 8,144,503 | ||||||
Dine Brands Global, Inc. | 212,873 | 13,960,211 | ||||||
International Speedway Corp. Class A | 39,989 | 1,763,515 | ||||||
Jack in the Box, Inc. | 69,095 | 5,895,876 | ||||||
Marcus Corp. (The) | 53,171 | 1,613,740 | ||||||
Papa John’s International, Inc.(a) | 84,125 | 4,820,362 | ||||||
RCI Hospitality Holdings, Inc. | 5,966 | 169,375 | ||||||
Red Rock Resorts, Inc. Class A | 132,453 | 3,878,224 | ||||||
Ruth’s Hospitality Group, Inc. | 81,782 | 1,999,570 | ||||||
Sonic Corp.(a) | 144,700 | 3,650,781 | ||||||
Speedway Motorsports, Inc. | 187,662 | 3,344,137 | ||||||
Wingstop, Inc. | 31,218 | 1,474,426 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 68,431,484 | |||||||
Household Durables – 1.7% | ||||||||
Bassett Furniture Industries, Inc. | 19,662 | 596,742 | ||||||
CSS Industries, Inc. | 39,997 | 699,948 | ||||||
Ethan Allen Interiors, Inc. | 110,968 | 2,546,716 | ||||||
Flexsteel Industries, Inc. | 21,733 | 860,192 | ||||||
Hooker Furniture Corp. | 18,961 | 695,869 | ||||||
KB Home | 42,944 | 1,221,757 | ||||||
La-Z-Boy, Inc. | 110,015 | 3,294,949 | ||||||
Libbey, Inc. | 270,270 | 1,321,620 | ||||||
Lifetime Brands, Inc. | 23,051 | 285,832 | ||||||
MDC Holdings, Inc. | 231,733 | 6,469,985 | ||||||
Tupperware Brands Corp. | 337,311 | 16,319,106 | ||||||
|
| |||||||
Total Household Durables | 34,312,716 |
See Notes to Financial Statements.
68 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2018
Investments | Shares | Value | ||||||
Household Products – 1.0% | ||||||||
Energizer Holdings, Inc. | 225,959 | $ | 13,462,637 | |||||
Oil-Dri Corp. of America | 17,693 | 711,082 | ||||||
WD-40 Co. | 35,163 | 4,630,967 | ||||||
|
| |||||||
Total Household Products | 18,804,686 | |||||||
Independent Power & Renewable Electricity Producers – 1.9% | ||||||||
NRG Yield, Inc. Class A | 334,889 | 5,505,575 | ||||||
NRG Yield, Inc. Class C | 619,414 | 10,530,038 | ||||||
Pattern Energy Group, Inc. Class A(a) | 1,188,403 | 20,547,488 | ||||||
|
| |||||||
Total Independent Power & Renewable Electricity Producers | 36,583,101 | |||||||
Industrial Conglomerates – 0.2% | ||||||||
Raven Industries, Inc. | 85,105 | 2,982,930 | ||||||
Insurance – 1.9% | ||||||||
American Equity Investment Life Holding Co. | 34,086 | 1,000,765 | ||||||
AMERISAFE, Inc. | 11,357 | 627,474 | ||||||
AmTrust Financial Services, Inc.(a) | 636,172 | 7,831,277 | ||||||
Baldwin & Lyons, Inc. Class B | 26,771 | 588,962 | ||||||
Crawford & Co. Class A | 43,710 | 350,554 | ||||||
Crawford & Co. Class B | 19,862 | 163,266 | ||||||
Donegal Group, Inc. Class A | 34,845 | 550,551 | ||||||
EMC Insurance Group, Inc. | 31,640 | 856,811 | ||||||
Employers Holdings, Inc. | 19,940 | 806,573 | ||||||
FBL Financial Group, Inc. Class A | 28,502 | 1,976,614 | ||||||
Federated National Holding Co. | 15,682 | 247,305 | ||||||
HCI Group, Inc.(a) | 22,201 | 847,190 | ||||||
Heritage Insurance Holdings, Inc.(a) | 16,005 | 242,636 | ||||||
Horace Mann Educators Corp. | 47,841 | 2,045,203 | ||||||
Independence Holding Co. | 3,094 | 110,301 | ||||||
Infinity Property & Casualty Corp. | 11,459 | 1,356,745 | ||||||
Investors Title Co. | 552 | 110,345 | ||||||
Kingstone Cos., Inc. | 8,204 | 137,827 | ||||||
Kinsale Capital Group, Inc. | 6,696 | 343,706 | ||||||
Mercury General Corp. | 123,626 | 5,670,724 | ||||||
National General Holdings Corp. | 41,204 | 1,001,669 | ||||||
National Western Life Group, Inc. Class A | 314 | 95,732 | ||||||
Navigators Group, Inc. (The) | 6,757 | 389,541 | ||||||
RLI Corp. | 30,376 | 1,925,535 | ||||||
Safety Insurance Group, Inc. | 29,157 | 2,240,715 | ||||||
State Auto Financial Corp. | 27,559 | 787,361 | ||||||
Stewart Information Services Corp. | 33,906 | 1,489,830 | ||||||
United Fire Group, Inc. | 28,880 | 1,382,197 | ||||||
United Insurance Holdings Corp. | 31,033 | 593,972 | ||||||
Universal Insurance Holdings, Inc. | 36,393 | 1,160,937 | ||||||
|
| |||||||
Total Insurance | 36,932,318 | |||||||
Internet & Catalog Retail – 0.2% | ||||||||
Nutrisystem, Inc. | 61,854 | 1,666,966 | ||||||
PetMed Express, Inc.(a) | 59,483 | 2,483,415 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 4,150,381 | |||||||
Internet Software & Services – 0.2% | ||||||||
NIC, Inc. | 201,057 | 2,674,058 | ||||||
Reis, Inc. | 58,508 | 1,254,997 | ||||||
|
| |||||||
Total Internet Software & Services | 3,929,055 | |||||||
IT Services – 1.4% | ||||||||
Cass Information Systems, Inc. | 24,221 | 1,441,392 | ||||||
Convergys Corp. | 240,608 | 5,442,553 | ||||||
CSG Systems International, Inc. | 92,710 | 4,198,836 | ||||||
Hackett Group, Inc. (The) | 84,357 | 1,354,773 | ||||||
ManTech International Corp. Class A | 65,990 | 3,660,465 | ||||||
Science Applications International Corp. | 103,411 | 8,148,787 | ||||||
TTEC Holdings, Inc. | 88,858 | 2,727,941 | ||||||
|
| |||||||
Total IT Services | 26,974,747 | |||||||
Leisure Products – 0.6% | ||||||||
Acushnet Holdings Corp. | 273,916 | 6,324,720 | ||||||
Callaway Golf Co. | 39,641 | 648,527 | ||||||
Escalade, Inc. | 58,644 | 803,423 | ||||||
Johnson Outdoors, Inc. Class A | 8,605 | 533,510 | ||||||
Marine Products Corp. | 98,719 | 1,383,053 | ||||||
Sturm Ruger & Co., Inc.(a) | 44,579 | 2,340,398 | ||||||
|
| |||||||
Total Leisure Products | 12,033,631 | |||||||
Life Sciences Tools & Services – 0.1% | ||||||||
Luminex Corp. | 79,251 | 1,669,819 | ||||||
Machinery – 3.8% | ||||||||
Actuant Corp. Class A | 14,958 | 347,774 | ||||||
Alamo Group, Inc. | 6,231 | 684,787 | ||||||
Albany International Corp. Class A | 48,068 | 3,013,864 | ||||||
Altra Industrial Motion Corp. | 63,938 | 2,937,951 | ||||||
American Railcar Industries, Inc.(a) | 118,004 | 4,414,530 | ||||||
Astec Industries, Inc. | 26,139 | 1,442,350 | ||||||
Briggs & Stratton Corp. | 145,958 | 3,124,961 | ||||||
Columbus McKinnon Corp. | 14,880 | 533,299 | ||||||
DMC Global, Inc. | 8,551 | 228,739 | ||||||
Douglas Dynamics, Inc. | 87,498 | 3,793,038 | ||||||
Eastern Co. (The) | 15,892 | 452,922 | ||||||
EnPro Industries, Inc. | 32,605 | 2,522,975 | ||||||
ESCO Technologies, Inc. | 20,819 | 1,218,952 | ||||||
Federal Signal Corp. | 128,503 | 2,829,636 | ||||||
Franklin Electric Co., Inc. | 68,005 | 2,771,204 | ||||||
Global Brass & Copper Holdings, Inc. | 24,709 | 826,516 | ||||||
Gorman-Rupp Co. (The) | 63,598 | 1,860,242 | ||||||
Graham Corp. | 26,593 | 569,622 | ||||||
Greenbrier Cos., Inc. (The)(a) | 79,618 | 4,000,804 | ||||||
Hillenbrand, Inc. | 174,976 | 8,031,398 | ||||||
Hurco Cos., Inc. | 9,580 | 439,722 | ||||||
Hyster-Yale Materials Handling, Inc. | 27,964 | 1,955,523 | ||||||
Kadant, Inc. | 13,845 | 1,308,353 | ||||||
Lindsay Corp. | 21,579 | 1,973,184 | ||||||
Miller Industries, Inc. | 48,216 | 1,205,400 | ||||||
Mueller Industries, Inc. | 99,228 | 2,595,804 | ||||||
Mueller Water Products, Inc. Class A | 316,894 | 3,444,638 | ||||||
NN, Inc. | 43,901 | 1,053,624 | ||||||
Omega Flex, Inc. | 21,922 | 1,427,122 | ||||||
Park-Ohio Holdings Corp. | 22,004 | 854,855 | ||||||
REV Group, Inc. | 73,296 | 1,521,625 | ||||||
Spartan Motors, Inc. | 34,444 | 592,437 | ||||||
Standex International Corp. | 14,014 | 1,336,235 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 69 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2018
Investments | Shares | Value | ||||||
Sun Hydraulics Corp. | 25,944 | $ | 1,389,561 | |||||
Tennant Co. | 36,464 | 2,468,613 | ||||||
Titan International, Inc. | 16,981 | 214,130 | ||||||
Wabash National Corp. | 107,129 | 2,229,354 | ||||||
Watts Water Technologies, Inc. Class A | 44,240 | 3,437,448 | ||||||
|
| |||||||
Total Machinery | 75,053,192 | |||||||
Marine – 0.3% | ||||||||
Matson, Inc. | 182,784 | 5,234,934 | ||||||
Media – 5.1% | ||||||||
AMC Entertainment Holdings, Inc. Class A(a) | 445,508 | 6,259,387 | ||||||
Beasley Broadcast Group, Inc. Class A(a) | 28,260 | 319,338 | ||||||
Emerald Expositions Events, Inc. | 154,104 | 3,001,946 | ||||||
Entercom Communications Corp. Class A(a) | 703,736 | 6,791,052 | ||||||
Entravision Communications Corp. Class A | 261,862 | 1,230,751 | ||||||
Gannett Co., Inc. | 973,972 | 9,720,241 | ||||||
John Wiley & Sons, Inc. Class A | 149,013 | 9,492,128 | ||||||
Meredith Corp.(a) | 176,983 | 9,521,685 | ||||||
National CineMedia, Inc. | 1,370,645 | 7,113,648 | ||||||
New Media Investment Group, Inc. | 715,139 | 12,257,482 | ||||||
New York Times Co. (The) Class A | 223,298 | 5,381,482 | ||||||
Nexstar Media Group, Inc. Class A(a) | 116,700 | 7,760,550 | ||||||
Saga Communications, Inc. Class A | 20,872 | 777,482 | ||||||
Scholastic Corp. | 73,131 | 2,840,408 | ||||||
Sinclair Broadcast Group, Inc. Class A(a) | 236,922 | 7,415,659 | ||||||
TEGNA, Inc. | 681,563 | 7,763,003 | ||||||
World Wrestling Entertainment, Inc. Class A | 95,872 | 3,452,351 | ||||||
|
| |||||||
Total Media | 101,098,593 | |||||||
Metals & Mining – 2.4% | ||||||||
Carpenter Technology Corp. | 100,370 | 4,428,324 | ||||||
Commercial Metals Co. | 411,218 | 8,413,520 | ||||||
Compass Minerals International, Inc.(a) | 217,352 | 13,106,326 | ||||||
Gold Resource Corp. | 43,161 | 194,656 | ||||||
Haynes International, Inc. | 54,841 | 2,035,150 | ||||||
Hecla Mining Co. | 177,654 | 651,990 | ||||||
Kaiser Aluminum Corp. | 51,815 | 5,228,133 | ||||||
Materion Corp. | 26,491 | 1,352,366 | ||||||
Olympic Steel, Inc. | 5,974 | 122,527 | ||||||
Schnitzer Steel Industries, Inc. Class A | 104,973 | 3,395,877 | ||||||
Synalloy Corp. | 13,075 | 187,626 | ||||||
Worthington Industries, Inc. | 192,749 | 8,272,787 | ||||||
|
| |||||||
Total Metals & Mining | 47,389,282 | |||||||
Multi-Utilities – 1.6% | ||||||||
Black Hills Corp.(a) | 262,425 | 14,249,678 | ||||||
NorthWestern Corp. | 248,434 | 13,365,749 | ||||||
Unitil Corp. | 62,193 | 2,886,377 | ||||||
|
| |||||||
Total Multi-Utilities | 30,501,804 | |||||||
Multiline Retail – 0.3% | ||||||||
Big Lots, Inc.(a) | 109,388 | 4,761,660 | ||||||
Dillard’s, Inc. Class A(a) | 26,243 | 2,108,362 | ||||||
|
| |||||||
Total Multiline Retail | 6,870,022 | |||||||
Oil, Gas & Consumable Fuels – 3.4% | ||||||||
Adams Resources & Energy, Inc. | 14,060 | 611,610 | ||||||
Arch Coal, Inc. Class A | 55,493 | 5,098,697 | ||||||
CVR Energy, Inc.(a) | 794,417 | 24,007,282 | ||||||
Delek U.S. Holdings, Inc. | 229,397 | 9,336,458 | ||||||
Evolution Petroleum Corp. | 216,734 | 1,744,709 | ||||||
Green Plains, Inc. | 183,094 | 3,075,979 | ||||||
Hallador Energy Co. | 119,892 | 823,658 | ||||||
NACCO Industries, Inc. Class A | 12,687 | 416,768 | ||||||
Panhandle Oil and Gas, Inc. Class A | 19,710 | 380,403 | ||||||
SemGroup Corp. Class A | 846,868 | 18,122,975 | ||||||
SM Energy Co. | 78,581 | 1,416,815 | ||||||
World Fuel Services Corp. | 91,163 | 2,238,052 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 67,273,406 | |||||||
Paper & Forest Products – 2.0% | ||||||||
Boise Cascade Co. | 41,721 | 1,610,431 | ||||||
Domtar Corp. | 332,888 | 14,161,055 | ||||||
KapStone Paper and Packaging Corp. | 273,092 | 9,369,787 | ||||||
Neenah, Inc. | 48,103 | 3,771,275 | ||||||
PH Glatfelter Co. | 176,555 | 3,624,674 | ||||||
Schweitzer-Mauduit International, Inc. | 183,626 | 7,188,958 | ||||||
|
| |||||||
Total Paper & Forest Products | 39,726,180 | |||||||
Personal Products – 0.4% | ||||||||
Inter Parfums, Inc. | 91,759 | 4,326,437 | ||||||
Medifast, Inc. | 31,949 | 2,985,634 | ||||||
Natural Health Trends Corp.(a) | 45,853 | 871,665 | ||||||
|
| |||||||
Total Personal Products | 8,183,736 | |||||||
Pharmaceuticals – 0.1% | ||||||||
Phibro Animal Health Corp. Class A | 37,342 | 1,482,477 | ||||||
Professional Services – 1.4% | ||||||||
Barrett Business Services, Inc. | 17,635 | 1,461,589 | ||||||
BG Staffing, Inc. | 82,875 | 1,573,796 | ||||||
CRA International, Inc. | 19,546 | 1,022,060 | ||||||
Exponent, Inc. | 45,595 | 3,586,047 | ||||||
Forrester Research, Inc. | 46,422 | 1,924,192 | ||||||
Heidrick & Struggles International, Inc. | 62,845 | 1,963,906 | ||||||
Insperity, Inc. | 66,416 | 4,619,233 | ||||||
Kelly Services, Inc. Class A | 57,019 | 1,655,832 | ||||||
Kforce, Inc. | 75,056 | 2,030,265 | ||||||
Korn/Ferry International | 83,338 | 4,299,407 | ||||||
Resources Connection, Inc. | 139,782 | 2,264,468 | ||||||
RPX Corp. | 118,947 | 1,271,544 | ||||||
|
| |||||||
Total Professional Services | 27,672,339 | |||||||
Real Estate Management & Development – 0.4% | ||||||||
Consolidated-Tomoka Land Co. | 532 | 33,436 | ||||||
Griffin Industrial Realty, Inc. | 2,952 | 110,789 | ||||||
Kennedy-Wilson Holdings, Inc. | 301,283 | 5,242,324 | ||||||
Rafael Holdings, Inc. Class B* | 100 | 485 | ||||||
RE/MAX Holdings, Inc. Class A | 11,790 | 712,706 | ||||||
RMR Group, Inc. (The) Class A | 12,333 | 862,693 | ||||||
|
| |||||||
Total Real Estate Management & Development | 6,962,433 |
See Notes to Financial Statements.
70 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2018
Investments | Shares | Value | ||||||
Road & Rail – 0.5% | ||||||||
ArcBest Corp. | 33,802 | $ | 1,083,354 | |||||
Celadon Group, Inc.(a) | 51,768 | 191,542 | ||||||
Heartland Express, Inc. | �� | 44,044 | 792,351 | |||||
Marten Transport Ltd. | 42,807 | 976,000 | ||||||
Schneider National, Inc. Class B | 107,657 | 2,805,541 | ||||||
Universal Logistics Holdings, Inc. | 52,051 | 1,100,879 | ||||||
Werner Enterprises, Inc. | 80,108 | 2,923,942 | ||||||
|
| |||||||
Total Road & Rail | 9,873,609 | |||||||
Semiconductors & Semiconductor Equipment – 1.1% | ||||||||
Brooks Automation, Inc. | 178,066 | 4,822,027 | ||||||
Cabot Microelectronics Corp. | 33,832 | 3,623,746 | ||||||
Cohu, Inc. | 47,345 | 1,079,939 | ||||||
NVE Corp. | 37,085 | 3,082,134 | ||||||
Power Integrations, Inc. | 34,630 | 2,366,961 | ||||||
Xperi Corp. | 296,713 | 6,275,480 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 21,250,287 | |||||||
Software – 1.1% | ||||||||
American Software, Inc. Class A | 153,131 | 1,990,703 | ||||||
Ebix, Inc.(a) | 18,468 | 1,375,866 | ||||||
Monotype Imaging Holdings, Inc. | 118,011 | 2,649,347 | ||||||
Progress Software Corp. | 99,544 | 3,827,467 | ||||||
QAD, Inc. Class A | 18,320 | 763,028 | ||||||
TiVo Corp. | 846,155 | 11,465,400 | ||||||
|
| |||||||
Total Software | 22,071,811 | |||||||
Specialty Retail – 7.9% | ||||||||
Aaron’s, Inc. | 33,962 | 1,582,629 | ||||||
Abercrombie & Fitch Co. Class A | 466,189 | 11,286,436 | ||||||
American Eagle Outfitters, Inc. | 791,274 | 15,770,091 | ||||||
Barnes & Noble, Inc. | 1,021,807 | 5,057,945 | ||||||
Bed Bath & Beyond, Inc. | 573,710 | 12,042,173 | ||||||
Big 5 Sporting Goods Corp.(a) | 270,710 | 1,962,647 | ||||||
Buckle, Inc. (The)(a) | 332,232 | 7,358,939 | ||||||
Caleres, Inc. | 57,475 | 1,931,160 | ||||||
Camping World Holdings, Inc. Class A | 38,965 | 1,256,621 | ||||||
Cato Corp. (The) Class A | 305,358 | 4,500,977 | ||||||
Chico’s FAS, Inc. | 712,731 | 6,443,088 | ||||||
Children’s Place, Inc. (The) | 31,318 | 4,235,759 | ||||||
Citi Trends, Inc. | 23,932 | 739,738 | ||||||
Dick’s Sporting Goods, Inc. | 280,628 | 9,836,011 | ||||||
DSW, Inc. Class A | 401,608 | 9,020,116 | ||||||
Finish Line, Inc. (The) Class A(a) | 246,638 | 3,339,478 | ||||||
GameStop Corp. Class A(a) | 1,234,790 | 15,583,050 | ||||||
Group 1 Automotive, Inc. | 39,590 | 2,586,811 | ||||||
Guess?, Inc. | 691,067 | 14,332,730 | ||||||
Haverty Furniture Cos., Inc. | 75,091 | 1,513,084 | ||||||
Lithia Motors, Inc. Class A | 33,046 | 3,321,784 | ||||||
Monro, Inc. | 67,311 | 3,607,870 | ||||||
Office Depot, Inc. | 2,421,127 | 5,205,423 | ||||||
Pier 1 Imports, Inc. | 687,513 | 2,213,792 | ||||||
Shoe Carnival, Inc. | 30,433 | 724,305 | ||||||
Sonic Automotive, Inc. Class A | 45,488 | 861,998 | ||||||
Tailored Brands, Inc. | 278,122 | 6,969,737 | ||||||
Tile Shop Holdings, Inc. | 174,359 | 1,046,154 | ||||||
Winmark Corp. | 2,100 | 274,680 | ||||||
|
| |||||||
Total Specialty Retail | 154,605,226 | |||||||
Technology Hardware, Storage & Peripherals – 0.2% | ||||||||
Diebold Nixdorf, Inc.(a) | 257,184 | 3,960,634 | ||||||
TransAct Technologies, Inc. | 28,951 | 377,810 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 4,338,444 | |||||||
Textiles, Apparel & Luxury Goods – 0.5% | ||||||||
Culp, Inc. | 20,915 | 638,953 | ||||||
Movado Group, Inc. | 42,883 | 1,646,707 | ||||||
Oxford Industries, Inc. | 39,376 | 2,935,875 | ||||||
Rocky Brands, Inc. | 26,294 | 564,006 | ||||||
Superior Uniform Group, Inc. | 32,777 | 861,052 | ||||||
Wolverine World Wide, Inc. | 118,906 | 3,436,384 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 10,082,977 | |||||||
Thrifts & Mortgage Finance – 1.2% | ||||||||
BankFinancial Corp. | 18,713 | 317,747 | ||||||
Bear State Financial, Inc. | 17,731 | 181,743 | ||||||
Beneficial Bancorp, Inc. | 53,971 | 839,249 | ||||||
Capitol Federal Financial, Inc. | 165,539 | 2,044,407 | ||||||
Charter Financial Corp. | 11,261 | 229,612 | ||||||
Clifton Bancorp, Inc. | 16,117 | 252,231 | ||||||
Dime Community Bancshares, Inc. | 46,581 | 857,090 | ||||||
ESSA Bancorp, Inc. | 11,936 | 175,101 | ||||||
Federal Agricultural Mortgage Corp. Class C | 8,930 | 777,089 | ||||||
First Defiance Financial Corp. | 9,236 | 529,408 | ||||||
FS Bancorp, Inc. | 1,281 | 68,533 | ||||||
Greene County Bancorp, Inc.(a) | 4,674 | 171,536 | ||||||
Hingham Institution for Savings | 865 | 178,190 | ||||||
Home Bancorp, Inc. | 5,924 | 255,739 | ||||||
Kearny Financial Corp. | 31,129 | 404,677 | ||||||
Meridian Bancorp, Inc. | 20,416 | 411,382 | ||||||
Meta Financial Group, Inc. | 2,857 | 311,984 | ||||||
Northfield Bancorp, Inc. | 53,070 | 828,423 | ||||||
Northwest Bancshares, Inc. | 188,590 | 3,123,050 | ||||||
OceanFirst Financial Corp. | 36,179 | 967,788 | ||||||
Oritani Financial Corp. | 95,425 | 1,464,774 | ||||||
Provident Financial Holdings, Inc. | 10,386 | 187,883 | ||||||
Provident Financial Services, Inc. | 94,709 | 2,423,603 | ||||||
Prudential Bancorp, Inc. | 2,769 | 50,230 | ||||||
Riverview Bancorp, Inc. | 12,614 | 117,815 | ||||||
SI Financial Group, Inc. | 6,138 | 88,387 | ||||||
Southern Missouri Bancorp, Inc. | 4,439 | 162,467 | ||||||
Territorial Bancorp, Inc. | 11,150 | 330,709 | ||||||
Timberland Bancorp, Inc. | 5,884 | 178,874 | ||||||
TrustCo Bank Corp. | 136,285 | 1,151,608 | ||||||
United Community Financial Corp. | 38,683 | 381,414 | ||||||
United Financial Bancorp, Inc. | 66,649 | 1,079,714 | ||||||
Washington Federal, Inc. | 72,363 | 2,503,760 | ||||||
Waterstone Financial, Inc. | 35,859 | 620,361 | ||||||
Western New England Bancorp, Inc. | 20,882 | 222,393 | ||||||
WSFS Financial Corp. | 11,495 | 550,610 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 24,439,581 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 71 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. SmallCap Dividend Fund (DES)
March 31, 2018
Investments | Shares | Value | ||||||
Tobacco – 1.9% | ||||||||
Turning Point Brands, Inc. | 25,776 | $ | 501,085 | |||||
Universal Corp. | 157,073 | 7,618,041 | ||||||
Vector Group Ltd.(a) | 1,452,366 | 29,613,743 | ||||||
|
| |||||||
Total Tobacco | 37,732,869 | |||||||
Trading Companies & Distributors – 1.5% | ||||||||
Applied Industrial Technologies, Inc. | 109,188 | 7,959,805 | ||||||
GATX Corp. | 159,844 | 10,947,716 | ||||||
H&E Equipment Services, Inc. | 161,400 | 6,212,286 | ||||||
Kaman Corp. | 58,833 | 3,654,706 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 28,774,513 | |||||||
Water Utilities – 1.0% | ||||||||
American States Water Co. | 102,048 | 5,414,667 | ||||||
Artesian Resources Corp. Class A | 30,693 | 1,119,681 | ||||||
California Water Service Group | 121,345 | 4,520,101 | ||||||
Connecticut Water Service, Inc. | 37,475 | 2,268,362 | ||||||
Global Water Resources, Inc. | 89,019 | 798,501 | ||||||
Middlesex Water Co. | 51,806 | 1,901,280 | ||||||
SJW Group | 42,640 | 2,247,554 | ||||||
York Water Co. (The) | 37,852 | 1,173,412 | ||||||
|
| |||||||
Total Water Utilities | 19,443,558 | |||||||
Wireless Telecommunication Services – 0.7% | ||||||||
Shenandoah Telecommunications Co. | 57,224 | 2,060,064 | ||||||
Spok Holdings, Inc. | 96,177 | 1,437,846 | ||||||
Telephone & Data Systems, Inc. | 372,035 | 10,428,141 | ||||||
|
| |||||||
Total Wireless Telecommunication Services | 13,926,051 | |||||||
TOTAL COMMON STOCKS (Cost: $1,938,813,923) |
| 1,947,320,214 | ||||||
EXCHANGE-TRADED FUND – 0.5% | ||||||||
United States – 0.5% | ||||||||
WisdomTree U.S. MidCap Dividend Fund(b) (Cost: $10,467,137) | 309,178 | 10,549,153 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.1% | ||||||||
United States – 6.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) (Cost: $119,114,409)(d) | 119,114,409 | 119,114,409 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 105.7% (Cost: $2,068,395,469) |
| 2,076,983,776 | ||||||
Other Assets less Liabilities – (5.7)% | (111,706,458 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 1,965,277,318 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $226,965,658 and the total market value of the collateral held by the Fund was $232,705,811. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $113,591,402. |
See Notes to Financial Statements.
72 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.7% | ||||||||
Puerto Rico – 0.4% | ||||||||
Banks – 0.2% | ||||||||
First BanCorp* | 160,601 | $ | 966,818 | |||||
IT Services – 0.2% | ||||||||
EVERTEC, Inc. | 84,458 | 1,380,888 | ||||||
Total Puerto Rico | 2,347,706 | |||||||
United States – 99.3% | ||||||||
Aerospace & Defense – 1.5% | ||||||||
AAR Corp. | 20,363 | 898,212 | ||||||
Aerovironment, Inc.* | 5,970 | 271,695 | ||||||
Astronics Corp.* | 14,087 | 525,445 | ||||||
Axon Enterprise, Inc.*(a) | 9,768 | 383,980 | ||||||
Ducommun, Inc.* | 8,686 | 263,881 | ||||||
Engility Holdings, Inc.* | 19,064 | 465,161 | ||||||
Esterline Technologies Corp.* | 28,825 | 2,108,549 | ||||||
National Presto Industries, Inc.(a) | 8,229 | 771,469 | ||||||
Sparton Corp.* | 1,207 | 21,014 | ||||||
Triumph Group, Inc. | 104,623 | 2,636,499 | ||||||
Vectrus, Inc.* | 12,488 | 465,053 | ||||||
|
| |||||||
Total Aerospace & Defense | 8,810,958 | |||||||
Air Freight & Logistics – 0.5% | ||||||||
Atlas Air Worldwide Holdings, Inc.* | 13,154 | 795,159 | ||||||
Forward Air Corp. | 19,087 | 1,008,939 | ||||||
Hub Group, Inc. Class A* | 19,610 | 820,678 | ||||||
Radiant Logistics, Inc.* | 6,026 | 23,321 | ||||||
|
| |||||||
Total Air Freight & Logistics | 2,648,097 | |||||||
Auto Components – 2.4% | ||||||||
American Axle & Manufacturing Holdings, Inc.* | 278,881 | 4,244,569 | ||||||
Cooper Tire & Rubber Co. | 101,581 | 2,976,323 | ||||||
Fox Factory Holding Corp.* | 21,722 | 758,098 | ||||||
Gentherm, Inc.* | 34,280 | 1,163,806 | ||||||
Modine Manufacturing Co.* | 34,686 | 733,609 | ||||||
Motorcar Parts of America, Inc.* | 24,717 | 529,685 | ||||||
Shiloh Industries, Inc.* | 10,225 | 88,957 | ||||||
Standard Motor Products, Inc. | 23,763 | 1,130,406 | ||||||
Stoneridge, Inc.* | 59,586 | 1,644,574 | ||||||
Strattec Security Corp. | 3,368 | 122,427 | ||||||
Tower International, Inc. | 35,861 | 995,143 | ||||||
|
| |||||||
Total Auto Components | 14,387,597 | |||||||
Automobiles – 0.1% | ||||||||
Winnebago Industries, Inc. | 21,772 | 818,627 | ||||||
Banks – 11.1% | ||||||||
1st Source Corp. | 16,030 | 811,439 | ||||||
Access National Corp. | 7,669 | 218,797 | ||||||
Allegiance Bancshares, Inc.* | 6,866 | 268,804 | ||||||
American National Bankshares, Inc. | 5,781 | 217,366 | ||||||
Ameris Bancorp | 22,267 | 1,177,924 | ||||||
Arrow Financial Corp. | 9,749 | 330,979 | ||||||
Atlantic Capital Bancshares, Inc.* | 9,623 | 174,176 | ||||||
Banc of California, Inc.(a) | 31,855 | 614,802 | ||||||
BancFirst Corp. | 19,863 | 1,054,725 | ||||||
Bancorp, Inc. (The)* | 4,462 | 48,190 | ||||||
Bank of Commerce Holdings | 9,236 | 107,599 | ||||||
Bankwell Financial Group, Inc. | 5,116 | 165,144 | ||||||
Banner Corp. | 21,531 | 1,194,755 | ||||||
Bar Harbor Bankshares | 9,784 | 271,212 | ||||||
BCB Bancorp, Inc. | 8,597 | 134,543 | ||||||
Berkshire Hills Bancorp, Inc. | 22,653 | 859,681 | ||||||
Blue Hills Bancorp, Inc. | 11,407 | 237,836 | ||||||
Boston Private Financial Holdings, Inc. | 58,747 | 884,142 | ||||||
Bridge Bancorp, Inc. | 13,036 | 437,358 | ||||||
Brookline Bancorp, Inc. | 45,806 | 742,057 | ||||||
Bryn Mawr Bank Corp. | 11,118 | 488,636 | ||||||
C&F Financial Corp. | 2,561 | 134,709 | ||||||
Camden National Corp. | 12,156 | 540,942 | ||||||
Capital City Bank Group, Inc. | 7,329 | 181,393 | ||||||
Capstar Financial Holdings, Inc.*(a) | 2,310 | 43,497 | ||||||
CenterState Bank Corp. | 33,122 | 878,727 | ||||||
Central Pacific Financial Corp. | 19,984 | 568,745 | ||||||
Century Bancorp, Inc. Class A | 4,228 | 335,703 | ||||||
City Holding Co. | 10,771 | 738,460 | ||||||
CNB Financial Corp. | 11,458 | 333,313 | ||||||
CoBiz Financial, Inc. | 23,424 | 459,110 | ||||||
Codorus Valley Bancorp, Inc. | 6,043 | 169,929 | ||||||
Community Trust Bancorp, Inc. | 12,652 | 571,870 | ||||||
ConnectOne Bancorp, Inc. | 14,407 | 414,922 | ||||||
Customers Bancorp, Inc.* | 31,275 | 911,666 | ||||||
Enterprise Bancorp, Inc. | 7,619 | 268,875 | ||||||
Enterprise Financial Services Corp. | 15,362 | 720,478 | ||||||
Equity Bancshares, Inc. Class A* | 5,996 | 234,803 | ||||||
Evans Bancorp, Inc. | 3,293 | 149,008 | ||||||
Farmers Capital Bank Corp. | 4,690 | 187,366 | ||||||
FB Financial Corp.* | 11,249 | 456,597 | ||||||
Fidelity Southern Corp. | 25,133 | 579,818 | ||||||
Financial Institutions, Inc. | 11,806 | 349,458 | ||||||
First Bancorp | 13,439 | 479,100 | ||||||
First Bancorp, Inc. | 8,035 | 224,819 | ||||||
First Bancshares, Inc. (The) | 3,767 | 121,486 | ||||||
First Busey Corp. | 25,344 | 753,224 | ||||||
First Business Financial Services, Inc. | 6,545 | 164,672 | ||||||
First Commonwealth Financial Corp. | 58,715 | 829,643 | ||||||
First Community Bancshares, Inc. | 11,448 | 341,723 | ||||||
First Connecticut Bancorp, Inc. | 9,477 | 242,611 | ||||||
First Financial Bancorp | 43,453 | 1,275,346 | ||||||
First Financial Corp. | 9,524 | 396,198 | ||||||
First Financial Northwest, Inc. | 7,063 | 118,305 | ||||||
First Foundation, Inc.* | 21,143 | 391,991 | ||||||
First Internet Bancorp | 4,999 | 184,963 | ||||||
First Interstate BancSystem, Inc. Class A | 30,684 | 1,213,552 | ||||||
First Merchants Corp. | 27,597 | 1,150,795 | ||||||
First Mid-Illinois Bancshares, Inc. | 9,171 | 334,283 | ||||||
Flushing Financial Corp. | 22,061 | 594,765 | ||||||
Franklin Financial Network, Inc.* | 12,181 | 397,101 | ||||||
German American Bancorp, Inc. | 13,793 | 459,997 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
Great Southern Bancorp, Inc. | 12,204 | $ | 609,590 | |||||
Green Bancorp, Inc.* | 19,664 | 437,524 | ||||||
Guaranty Bancorp | 16,092 | 456,208 | ||||||
Hanmi Financial Corp. | 23,314 | 716,906 | ||||||
HarborOne Bancorp, Inc.* | 7,299 | 128,900 | ||||||
Heartland Financial USA, Inc. | 19,742 | 1,047,313 | ||||||
Heritage Commerce Corp. | 23,104 | 380,754 | ||||||
Heritage Financial Corp. | 16,604 | 508,082 | ||||||
HomeTrust Bancshares, Inc.* | 6,449 | 167,996 | ||||||
Horizon Bancorp | 14,192 | 425,902 | ||||||
Independent Bank Corp. | 29,313 | 1,392,747 | ||||||
Independent Bank Group, Inc. | 13,084 | 925,039 | ||||||
Investar Holding Corp. | 3,890 | 100,557 | ||||||
Lakeland Bancorp, Inc. | 31,975 | 634,704 | ||||||
Lakeland Financial Corp. | 15,066 | 696,501 | ||||||
LegacyTexas Financial Group, Inc. | 30,412 | 1,302,242 | ||||||
Live Oak Bancshares, Inc. | 17,218 | 478,660 | ||||||
Macatawa Bank Corp. | 22,785 | 234,002 | ||||||
MainSource Financial Group, Inc. | 14,619 | 594,262 | ||||||
Mercantile Bank Corp. | 11,203 | 372,500 | ||||||
Midland States Bancorp, Inc. | 9,878 | 311,750 | ||||||
MidWestOne Financial Group, Inc. | 8,769 | 291,920 | ||||||
MutualFirst Financial, Inc. | 4,537 | 164,466 | ||||||
National Bank Holdings Corp. Class A | 13,801 | 458,883 | ||||||
National Commerce Corp.* | 7,358 | 320,441 | ||||||
NBT Bancorp, Inc. | 28,149 | 998,727 | ||||||
Northeast Bancorp | 7,592 | 155,636 | ||||||
Northrim BanCorp, Inc. | 5,950 | 205,573 | ||||||
Norwood Financial Corp. | 3,917 | 117,863 | ||||||
OFG Bancorp | 50,721 | 530,034 | ||||||
Old Second Bancorp, Inc. | 22,753 | 316,267 | ||||||
Opus Bank | 12,772 | 357,616 | ||||||
Pacific Premier Bancorp, Inc.* | 18,644 | 749,489 | ||||||
Park National Corp. | 9,457 | 981,258 | ||||||
Peapack Gladstone Financial Corp. | 11,965 | 399,511 | ||||||
Penns Woods Bancorp, Inc. | 2,991 | 126,549 | ||||||
Peoples Bancorp, Inc. | 14,169 | 502,291 | ||||||
Peoples Financial Services Corp. | 5,254 | 239,845 | ||||||
Preferred Bank | 9,046 | 580,753 | ||||||
QCR Holdings, Inc. | 9,612 | 431,098 | ||||||
Renasant Corp. | 30,381 | 1,293,015 | ||||||
Republic Bancorp, Inc. Class A | 15,616 | 598,093 | ||||||
Republic First Bancorp, Inc.* | 9,640 | 83,868 | ||||||
S&T Bancorp, Inc. | 25,548 | 1,020,387 | ||||||
Sandy Spring Bancorp, Inc. | 18,681 | 724,076 | ||||||
Seacoast Banking Corp. of Florida* | 19,970 | 528,606 | ||||||
Shore Bancshares, Inc. | 7,370 | 138,998 | ||||||
Sierra Bancorp | 9,753 | 259,820 | ||||||
Southern First Bancshares, Inc.* | 4,164 | 185,298 | ||||||
Southern National Bancorp of Virginia, Inc. | 4,704 | 74,511 | ||||||
Southside Bancshares, Inc. | 20,028 | 695,773 | ||||||
Stock Yards Bancorp, Inc. | 14,496 | 508,810 | ||||||
Tompkins Financial Corp. | 9,774 | 740,478 | ||||||
Towne Bank | 36,263 | 1,037,122 | ||||||
TriCo Bancshares | 15,119 | 562,729 | ||||||
TriState Capital Holdings, Inc.* | 17,926 | 416,780 | ||||||
Triumph Bancorp, Inc.* | 13,805 | 568,766 | ||||||
Union Bankshares Corp. | 35,419 | 1,300,231 | ||||||
United Community Banks, Inc. | 47,730 | 1,510,654 | ||||||
Univest Corp. of Pennsylvania | 18,182 | 503,641 | ||||||
Veritex Holdings, Inc.* | 6,899 | 190,895 | ||||||
Washington Trust Bancorp, Inc. | 11,602 | 623,608 | ||||||
WesBanco, Inc. | 31,772 | 1,343,956 | ||||||
West Bancorporation, Inc. | 12,087 | 309,427 | ||||||
Westamerica Bancorporation(a) | 12,563 | 729,659 | ||||||
|
| |||||||
Total Banks | 65,143,688 | |||||||
Beverages – 0.5% | ||||||||
Boston Beer Co., Inc. (The) Class A* | 8,026 | 1,517,315 | ||||||
Coca-Cola Bottling Co. Consolidated | 3,062 | 528,716 | ||||||
Craft Brew Alliance, Inc.* | 1,622 | 30,169 | ||||||
MGP Ingredients, Inc. | 8,530 | 764,203 | ||||||
|
| |||||||
Total Beverages | 2,840,403 | |||||||
Biotechnology – 1.4% | ||||||||
BioSpecifics Technologies Corp.* | 4,522 | 200,506 | ||||||
BioTime, Inc.*(a) | 338,060 | 909,381 | ||||||
Concert Pharmaceuticals, Inc.* | 61,551 | 1,409,518 | ||||||
Eagle Pharmaceuticals, Inc.*(a) | 29,678 | 1,563,734 | ||||||
Emergent BioSolutions, Inc.* | 32,032 | 1,686,485 | ||||||
Enanta Pharmaceuticals, Inc.* | 6,381 | 516,287 | ||||||
PDL BioPharma, Inc.* | 485,880 | 1,428,487 | ||||||
Repligen Corp.* | 10,090 | 365,056 | ||||||
|
| |||||||
Total Biotechnology | 8,079,454 | |||||||
Building Products – 1.7% | ||||||||
AAON, Inc. | 24,229 | 944,931 | ||||||
Advanced Drainage Systems, Inc. | 15,428 | 399,585 | ||||||
American Woodmark Corp.* | 10,408 | 1,024,668 | ||||||
Apogee Enterprises, Inc. | 28,355 | 1,229,189 | ||||||
Continental Building Products, Inc.* | 30,123 | 860,012 | ||||||
CSW Industrials, Inc.* | 6,845 | 308,367 | ||||||
Gibraltar Industries, Inc.* | 20,486 | 693,451 | ||||||
Griffon Corp. | 27,563 | 503,025 | ||||||
Insteel Industries, Inc. | 14,125 | 390,274 | ||||||
NCI Building Systems, Inc.* | 42,747 | 756,622 | ||||||
Patrick Industries, Inc.* | 18,730 | 1,158,450 | ||||||
PGT Innovations, Inc.* | 25,241 | 470,745 | ||||||
Ply Gem Holdings, Inc.* | 57,341 | 1,238,565 | ||||||
Quanex Building Products Corp. | 10,750 | 187,050 | ||||||
|
| |||||||
Total Building Products | 10,164,934 | |||||||
Capital Markets – 1.9% | ||||||||
Artisan Partners Asset Management, Inc. Class A | 25,136 | 837,029 | ||||||
B. Riley Financial, Inc. | 20,220 | 394,290 | ||||||
Cowen, Inc. Class A*(a) | 5,724 | 75,557 | ||||||
Diamond Hill Investment Group, Inc. | 3,173 | 655,415 | ||||||
Donnelley Financial Solutions, Inc.* | 20,672 | 354,938 | ||||||
Financial Engines, Inc. | 21,255 | 743,925 | ||||||
Gain Capital Holdings, Inc.(a) | 24,777 | 167,245 |
See Notes to Financial Statements.
74 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
GAMCO Investors, Inc. Class A | 33,193 | $ | 824,182 | |||||
Greenhill & Co., Inc.(a) | 15,181 | 280,848 | ||||||
Hamilton Lane, Inc. Class A | 3,729 | 138,831 | ||||||
Houlihan Lokey, Inc. | 39,557 | 1,764,242 | ||||||
INTL FCStone, Inc.* | 13,369 | 570,589 | ||||||
Moelis & Co. Class A | 18,080 | 919,368 | ||||||
Oppenheimer Holdings, Inc. Class A | 971 | 25,003 | ||||||
Piper Jaffray Cos. | 10,156 | 843,456 | ||||||
PJT Partners, Inc. Class A | 3,202 | 160,420 | ||||||
Pzena Investment Management, Inc. Class A | 20,993 | 233,652 | ||||||
Virtus Investment Partners, Inc. | 4,040 | 500,152 | ||||||
Waddell & Reed Financial, Inc. Class A(a) | 69,008 | 1,394,652 | ||||||
Westwood Holdings Group, Inc. | 5,060 | 285,839 | ||||||
|
| |||||||
Total Capital Markets | 11,169,633 | |||||||
Chemicals – 1.9% | ||||||||
A. Schulman, Inc. | 12,180 | 523,740 | ||||||
AdvanSix, Inc.* | 21,611 | 751,630 | ||||||
American Vanguard Corp. | 14,142 | 285,668 | ||||||
Chase Corp. | 6,124 | 713,140 | ||||||
Core Molding Technologies, Inc. | 6,001 | 106,998 | ||||||
Ferro Corp.* | 39,447 | 915,959 | ||||||
FutureFuel Corp. | 31,891 | 382,373 | ||||||
Hawkins, Inc. | 8,784 | 308,758 | ||||||
Innophos Holdings, Inc. | 17,025 | 684,575 | ||||||
Innospec, Inc. | 22,131 | 1,518,187 | ||||||
KMG Chemicals, Inc. | 7,467 | 447,647 | ||||||
Koppers Holdings, Inc.* | 18,333 | 753,486 | ||||||
Kraton Corp.* | 8,903 | 424,762 | ||||||
Rayonier Advanced Materials, Inc. | 25,281 | 542,783 | ||||||
Stepan Co. | 20,399 | 1,696,789 | ||||||
Trecora Resources* | 4,701 | 63,934 | ||||||
Tredegar Corp. | 53,160 | 954,222 | ||||||
|
| |||||||
Total Chemicals | 11,074,651 | |||||||
Commercial Services & Supplies – 4.5% | ||||||||
ACCO Brands Corp. | 87,195 | 1,094,297 | ||||||
Brady Corp. Class A | 43,596 | 1,619,592 | ||||||
Ennis, Inc. | 25,747 | 507,216 | ||||||
Essendant, Inc. | 24,906 | 194,267 | ||||||
Heritage-Crystal Clean, Inc.* | 12,415 | 292,373 | ||||||
Herman Miller, Inc. | 60,754 | 1,941,090 | ||||||
HNI Corp. | 36,325 | 1,310,969 | ||||||
InnerWorkings, Inc.* | 37,987 | 343,782 | ||||||
Interface, Inc. | 37,737 | 950,972 | ||||||
Kimball International, Inc. Class B | 36,542 | 622,676 | ||||||
Knoll, Inc. | 58,084 | 1,172,716 | ||||||
LSC Communications, Inc. | 71,497 | 1,247,623 | ||||||
Matthews International Corp. Class A | 23,488 | 1,188,493 | ||||||
McGrath RentCorp | 17,316 | 929,696 | ||||||
Mobile Mini, Inc. | 25,507 | 1,109,555 | ||||||
Multi-Color Corp. | 13,403 | 885,268 | ||||||
NL Industries, Inc.* | 97,834 | 767,997 | ||||||
Pitney Bowes, Inc. | 320,351 | 3,488,622 | ||||||
Quad/Graphics, Inc. | 67,940 | 1,722,279 | ||||||
SP Plus Corp.* | 19,449 | 692,384 | ||||||
Steelcase, Inc. Class A | 148,536 | 2,020,090 | ||||||
U.S. Ecology, Inc. | 9,013 | 480,393 | ||||||
Viad Corp. | 22,193 | 1,164,023 | ||||||
VSE Corp. | 10,940 | 565,817 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 26,312,190 | |||||||
Communications Equipment – 2.1% | ||||||||
Acacia Communications, Inc.*(a) | 52,476 | 2,018,227 | ||||||
ADTRAN, Inc. | 32,666 | 507,956 | ||||||
Applied Optoelectronics, Inc.*(a) | 36,751 | 920,980 | ||||||
CalAmp Corp.* | 2,557 | 58,504 | ||||||
Clearfield, Inc.* | 5,247 | 67,686 | ||||||
Comtech Telecommunications Corp. | 6,459 | 193,060 | ||||||
Digi International, Inc.* | 17,096 | 176,089 | ||||||
EMCORE Corp.* | 20,118 | 114,673 | ||||||
Extreme Networks, Inc.* | 2,878 | 31,859 | ||||||
NETGEAR, Inc.* | 24,524 | 1,402,773 | ||||||
Oclaro, Inc.* | 371,918 | 3,555,536 | ||||||
Plantronics, Inc. | 27,092 | 1,635,544 | ||||||
Quantenna Communications, Inc.* | 2,726 | 37,346 | ||||||
Viavi Solutions, Inc.* | 161,286 | 1,567,700 | ||||||
|
| |||||||
Total Communications Equipment | 12,287,933 | |||||||
Construction & Engineering – 1.0% | ||||||||
Ameresco, Inc. Class A* | 32,430 | 421,590 | ||||||
Argan, Inc. | 31,411 | 1,349,103 | ||||||
Comfort Systems USA, Inc. | 25,733 | 1,061,486 | ||||||
Goldfield Corp. (The)* | 27,628 | 106,368 | ||||||
IES Holdings, Inc.* | 65,743 | 996,006 | ||||||
MYR Group, Inc.* | 7,476 | 230,410 | ||||||
Primoris Services Corp. | 39,408 | 984,412 | ||||||
Sterling Construction Co., Inc.* | 1,913 | 21,923 | ||||||
Tutor Perini Corp.* | 45,681 | 1,007,266 | ||||||
|
| |||||||
Total Construction & Engineering | 6,178,564 | |||||||
Construction Materials – 0.1% | ||||||||
United States Lime & Minerals, Inc. | 3,979 | 291,183 | ||||||
Consumer Finance – 1.2% | ||||||||
Elevate Credit, Inc.*(a) | 1,309 | 9,268 | ||||||
Encore Capital Group, Inc.* | 25,673 | 1,160,420 | ||||||
Enova International, Inc.* | 25,591 | 564,281 | ||||||
EZCORP, Inc. Class A* | 35,105 | 463,386 | ||||||
Nelnet, Inc. Class A | 50,982 | 2,671,967 | ||||||
PRA Group, Inc.*(a) | 20,389 | 774,782 | ||||||
Regional Management Corp.* | 12,872 | 409,844 | ||||||
World Acceptance Corp.* | 10,133 | 1,067,005 | ||||||
|
| |||||||
Total Consumer Finance | 7,120,953 | |||||||
Containers & Packaging – 0.3% | ||||||||
Greif, Inc. Class A | 25,258 | 1,319,731 | ||||||
Myers Industries, Inc. | 7,300 | 154,395 | ||||||
|
| |||||||
Total Containers & Packaging | 1,474,126 | |||||||
Distributors – 0.1% | ||||||||
Core-Mark Holding Co., Inc. | 22,390 | 476,011 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 75 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
Weyco Group, Inc. | 10,131 | $ | 340,402 | |||||
|
| |||||||
Total Distributors | 816,413 | |||||||
Diversified Consumer Services – 0.5% | ||||||||
American Public Education, Inc.* | 13,043 | 560,849 | ||||||
Bridgepoint Education, Inc.* | 4,172 | 28,119 | ||||||
Capella Education Co. | 8,697 | 759,683 | ||||||
Career Education Corp.* | 6,545 | 86,001 | ||||||
Carriage Services, Inc. | 12,106 | 334,852 | ||||||
Collectors Universe, Inc. | 6,324 | 99,350 | ||||||
K12, Inc.* | 6,977 | 98,934 | ||||||
Liberty Tax, Inc. | 17,771 | 179,487 | ||||||
Strayer Education, Inc. | 7,168 | 724,327 | ||||||
|
| |||||||
Total Diversified Consumer Services | 2,871,602 | |||||||
Diversified Financial Services – 0.0% | ||||||||
Marlin Business Services Corp. | 8,009 | 227,055 | ||||||
Diversified Telecommunication Services – 0.4% | ||||||||
Cincinnati Bell, Inc.* | 33,210 | 459,959 | ||||||
Cogent Communications Holdings, Inc. | 6,774 | 293,992 | ||||||
IDT Corp. Class B* | 12,730 | 79,817 | ||||||
Iridium Communications, Inc.*(a) | 141,146 | 1,587,892 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 2,421,660 | |||||||
Electric Utilities – 0.2% | ||||||||
Otter Tail Corp. | 26,218 | 1,136,550 | ||||||
Spark Energy, Inc. Class A(a) | 13,927 | 165,035 | ||||||
|
| |||||||
Total Electric Utilities | 1,301,585 | |||||||
Electrical Equipment – 1.4% | ||||||||
Allied Motion Technologies, Inc. | 4,735 | 188,216 | ||||||
Atkore International Group, Inc.* | 64,943 | 1,289,119 | ||||||
AZZ, Inc. | 18,873 | 824,750 | ||||||
Encore Wire Corp. | 18,463 | 1,046,852 | ||||||
LSI Industries, Inc. | 10,450 | 84,750 | ||||||
Powell Industries, Inc. | 927 | 24,881 | ||||||
Preformed Line Products Co. | 3,827 | 249,099 | ||||||
Sunrun, Inc.*(a) | 284,655 | 2,541,969 | ||||||
Thermon Group Holdings, Inc.* | 10,617 | 237,927 | ||||||
TPI Composites, Inc.* | 34,985 | 785,413 | ||||||
Vivint Solar, Inc.*(a) | 223,736 | 816,636 | ||||||
|
| |||||||
Total Electrical Equipment | 8,089,612 | |||||||
Electronic Equipment, Instruments & Components – 3.6% | ||||||||
Badger Meter, Inc. | 12,640 | 595,976 | ||||||
Bel Fuse, Inc. Class B | 8,789 | 166,112 | ||||||
Benchmark Electronics, Inc. | 36,813 | 1,098,868 | ||||||
Control4 Corp.* | 8,137 | 174,783 | ||||||
CTS Corp. | 24,152 | 656,934 | ||||||
Daktronics, Inc. | 20,990 | 184,922 | ||||||
ePlus, Inc.* | 12,295 | 955,321 | ||||||
FARO Technologies, Inc.* | 137 | 8,001 | ||||||
Insight Enterprises, Inc.* | 45,778 | 1,599,026 | ||||||
KEMET Corp.* | 362,570 | 6,573,394 | ||||||
Kimball Electronics, Inc.* | 27,091 | 437,520 | ||||||
Mesa Laboratories, Inc.(a) | 1,448 | 214,941 | ||||||
Methode Electronics, Inc. | 37,657 | 1,472,389 | ||||||
MTS Systems Corp. | 7,862 | 406,072 | ||||||
OSI Systems, Inc.* | 7,800 | 509,106 | ||||||
Park Electrochemical Corp. | 6,161 | 103,751 | ||||||
PC Connection, Inc. | 30,895 | 772,375 | ||||||
PCM, Inc.* | 17,777 | 147,549 | ||||||
Plexus Corp.* | 31,696 | 1,893,202 | ||||||
ScanSource, Inc.* | 25,749 | 915,377 | ||||||
Systemax, Inc. | 26,984 | 770,393 | ||||||
TTM Technologies, Inc.* | 80,669 | 1,233,429 | ||||||
Vishay Precision Group, Inc.* | 7,930 | 247,020 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 21,136,461 | |||||||
Energy Equipment & Services – 0.6% | ||||||||
Basic Energy Services, Inc.* | 53,415 | 771,313 | ||||||
Fairmount Santrol Holdings, Inc.*(a) | 47,838 | 203,311 | ||||||
Key Energy Services, Inc.*(a) | 144,867 | 1,697,841 | ||||||
Natural Gas Services Group, Inc.* | 1,849 | 44,099 | ||||||
NCS Multistage Holdings, Inc.*(a) | 4,064 | 60,960 | ||||||
Newpark Resources, Inc.* | 5,255 | 42,566 | ||||||
Smart Sand, Inc.*(a) | 46,693 | 271,753 | ||||||
Solaris Oilfield Infrastructure, Inc. Class A* | 1,349 | 22,339 | ||||||
Unit Corp.* | 26,955 | 532,631 | ||||||
|
| |||||||
Total Energy Equipment & Services | 3,646,813 | |||||||
Equity Real Estate Investment Trusts (REITs) – 3.2% | ||||||||
Agree Realty Corp. | 13,858 | 665,738 | ||||||
Alexander & Baldwin, Inc. | 12,188 | 281,908 | ||||||
American Assets Trust, Inc. | 9,863 | 329,523 | ||||||
Armada Hoffler Properties, Inc. | 16,720 | 228,897 | ||||||
CareTrust REIT, Inc. | 22,525 | 301,835 | ||||||
CBL & Associates Properties, Inc.(a) | 242,338 | 1,010,549 | ||||||
Chatham Lodging Trust | 14,959 | 286,465 | ||||||
Chesapeake Lodging Trust | 21,628 | 601,475 | ||||||
Community Healthcare Trust, Inc. | 1,277 | 32,870 | ||||||
CorEnergy Infrastructure Trust, Inc. | 9,375 | 351,938 | ||||||
Easterly Government Properties, Inc. | 2,115 | 43,146 | ||||||
Farmland Partners, Inc.(a) | 2,883 | 24,073 | ||||||
Four Corners Property Trust, Inc. | 42,211 | 974,652 | ||||||
Getty Realty Corp. | 17,474 | 440,694 | ||||||
Gladstone Land Corp. | 298 | 3,600 | ||||||
Global Net Lease, Inc. | 17,872 | 301,679 | ||||||
Government Properties Income Trust | 28,999 | 396,126 | ||||||
Hersha Hospitality Trust(a) | 60,632 | 1,085,313 | ||||||
InfraREIT, Inc. | 31,603 | 614,046 | ||||||
Jernigan Capital, Inc.(a) | 8,414 | 152,293 | ||||||
Kite Realty Group Trust | 8,250 | 125,648 | ||||||
LTC Properties, Inc. | 24,325 | 924,350 | ||||||
Mack-Cali Realty Corp. | 11,665 | 194,922 | ||||||
MedEquities Realty Trust, Inc. | 21,116 | 221,929 | ||||||
Monmouth Real Estate Investment Corp. | 14,765 | 222,066 | ||||||
National Storage Affiliates Trust | 6,226 | 156,148 | ||||||
NexPoint Residential Trust, Inc. | 26,318 | 653,739 | ||||||
One Liberty Properties, Inc. | 11,251 | 248,647 | ||||||
PotlatchDeltic Corp. | 26,038 | 1,355,278 |
See Notes to Financial Statements.
76 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
Ramco-Gershenson Properties Trust | 41,617 | $ | 514,386 | |||||
Retail Opportunity Investments Corp. | 23,370 | 412,948 | ||||||
Safety Income & Growth, Inc.(a) | 2,035 | 32,540 | ||||||
Saul Centers, Inc. | 7,177 | 365,812 | ||||||
Summit Hotel Properties, Inc. | 66,648 | 907,079 | ||||||
Terreno Realty Corp. | 13,545 | 467,438 | ||||||
Tier REIT, Inc. | 55,179 | 1,019,708 | ||||||
Universal Health Realty Income Trust | 6,835 | 410,783 | ||||||
Urstadt Biddle Properties, Inc. Class A | 22,440 | 433,092 | ||||||
Washington Prime Group, Inc. | 282,859 | 1,886,670 | ||||||
Whitestone REIT(a) | 5,899 | 61,291 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 18,741,294 | |||||||
Food & Staples Retailing – 0.9% | ||||||||
Andersons, Inc. (The) | 13,326 | 441,091 | ||||||
Chefs’ Warehouse, Inc. (The)* | 11,439 | 263,097 | ||||||
Ingles Markets, Inc. Class A | 26,336 | 891,474 | ||||||
Natural Grocers by Vitamin Cottage, Inc.* | 14,550 | 104,178 | ||||||
Rite Aid Corp.*(a) | 809,417 | 1,359,820 | ||||||
Smart & Final Stores, Inc.* | 14,799 | 82,134 | ||||||
SpartanNash Co. | 32,899 | 566,192 | ||||||
Village Super Market, Inc. Class A | 16,855 | 444,466 | ||||||
Weis Markets, Inc. | 31,352 | 1,284,805 | ||||||
|
| |||||||
Total Food & Staples Retailing | 5,437,257 | |||||||
Food Products – 0.6% | ||||||||
Calavo Growers, Inc. | 8,785 | 809,977 | ||||||
Dean Foods Co. | 62,656 | 540,095 | ||||||
Farmer Brothers Co.* | 11,100 | 335,220 | ||||||
John B. Sanfilippo & Son, Inc. | 10,232 | 592,126 | ||||||
Landec Corp.* | 15,785 | 205,994 | ||||||
Limoneira Co. | 6,781 | 160,913 | ||||||
Seneca Foods Corp. Class A* | 2,659 | 73,654 | ||||||
Tootsie Roll Industries, Inc.(a) | 32,754 | 964,600 | ||||||
|
| |||||||
Total Food Products | 3,682,579 | |||||||
Gas Utilities – 0.3% | ||||||||
Chesapeake Utilities Corp. | 9,175 | 645,461 | ||||||
Northwest Natural Gas Co. | 16,101 | 928,223 | ||||||
RGC Resources, Inc. | 3,825 | 97,155 | ||||||
|
| |||||||
Total Gas Utilities | 1,670,839 | |||||||
Health Care Equipment & Supplies – 1.1% | ||||||||
Abaxis, Inc. | 9,944 | 702,245 | ||||||
Analogic Corp. | 74 | 7,097 | ||||||
AngioDynamics, Inc.* | 3,411 | 58,840 | ||||||
Anika Therapeutics, Inc.* | 10,266 | 510,426 | ||||||
Atrion Corp. | 916 | 578,271 | ||||||
CONMED Corp. | 9,135 | 578,520 | ||||||
CryoLife, Inc.* | 8,659 | 173,613 | ||||||
Cutera, Inc.* | 4,253 | 213,713 | ||||||
Integer Holdings Corp.* | 7,788 | 440,411 | ||||||
Lantheus Holdings, Inc.* | 25,860 | 411,174 | ||||||
LeMaitre Vascular, Inc. | 8,323 | 301,542 | ||||||
Meridian Bioscience, Inc. | 34,268 | 486,606 | ||||||
OraSure Technologies, Inc.* | 22,725 | 383,825 | ||||||
Surmodics, Inc.* | 2,641 | 100,490 | ||||||
Tactile Systems Technology, Inc.*(a) | 3,570 | 113,526 | ||||||
Utah Medical Products, Inc. | 2,950 | 291,607 | ||||||
Varex Imaging Corp.* | 23,733 | 849,167 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 6,201,073 | |||||||
Health Care Providers & Services – 3.7% | ||||||||
Aceto Corp. | 12,686 | 96,414 | ||||||
Addus HomeCare Corp.* | 9,448 | 459,645 | ||||||
Almost Family, Inc.* | 4,672 | 261,632 | ||||||
Amedisys, Inc.* | 20,964 | 1,264,968 | ||||||
BioTelemetry, Inc.* | 25,306 | 785,751 | ||||||
Civitas Solutions, Inc.* | 26,742 | 411,827 | ||||||
CorVel Corp.* | 10,148 | 512,981 | ||||||
Cross Country Healthcare, Inc.* | 2,436 | 27,064 | ||||||
Diplomat Pharmacy, Inc.* | 6,594 | 132,869 | ||||||
Ensign Group, Inc. (The) | 41,813 | 1,099,682 | ||||||
LHC Group, Inc.* | 11,543 | 710,587 | ||||||
LifePoint Health, Inc.* | 69,250 | 3,254,750 | ||||||
Magellan Health, Inc.* | 15,855 | 1,698,071 | ||||||
National HealthCare Corp. | 13,303 | 793,258 | ||||||
National Research Corp. Class A | 11,072 | 323,856 | ||||||
Owens & Minor, Inc. | 69,859 | 1,086,307 | ||||||
Premier, Inc. Class A* | 198,360 | 6,210,652 | ||||||
RadNet, Inc.* | 19,053 | 274,363 | ||||||
Tivity Health, Inc.* | 31,418 | 1,245,724 | ||||||
Triple-S Management Corp. Class B* | 28,051 | 733,253 | ||||||
U.S. Physical Therapy, Inc. | 4,934 | 401,134 | ||||||
|
| |||||||
Total Health Care Providers & Services | 21,784,788 | |||||||
Health Care Technology – 0.2% | ||||||||
Computer Programs & Systems, Inc.(a) | 3,607 | 105,324 | ||||||
HealthStream, Inc. | 4,364 | 108,358 | ||||||
HMS Holdings Corp.* | 26,776 | 450,908 | ||||||
Inovalon Holdings, Inc. Class A* | 19,994 | 211,937 | ||||||
Quality Systems, Inc.* | 32,822 | 448,020 | ||||||
|
| |||||||
Total Health Care Technology | 1,324,547 | |||||||
Hotels, Restaurants & Leisure – 3.1% | ||||||||
BBX Capital Corp. | 76,416 | 703,791 | ||||||
Biglari Holdings, Inc.* | 2,437 | 995,295 | ||||||
BJ’s Restaurants, Inc. | 16,103 | 723,025 | ||||||
Bloomin’ Brands, Inc. | 63,602 | 1,544,257 | ||||||
Bojangles’, Inc.* | 45,280 | 627,128 | ||||||
Brinker International, Inc.(a) | 63,269 | 2,284,011 | ||||||
Carrols Restaurant Group, Inc.* | 31,787 | 356,014 | ||||||
Chuy’s Holdings, Inc.* | 10,417 | 272,925 | ||||||
Del Frisco’s Restaurant Group, Inc.* | 12,837 | 195,764 | ||||||
El Pollo Loco Holdings, Inc.* | 13,380 | 127,110 | ||||||
Fogo De Chao, Inc.* | 31,181 | 491,101 | ||||||
Golden Entertainment, Inc.* | 13,378 | 310,771 | ||||||
Habit Restaurants, Inc. (The) Class A* | 7,852 | 69,098 | ||||||
International Speedway Corp. Class A | 28,247 | 1,245,693 | ||||||
J Alexander’s Holdings, Inc.* | 8,829 | 101,092 | ||||||
La Quinta Holdings, Inc.* | 31,381 | 593,415 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 77 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
Marcus Corp. (The) | 24,555 | $ | 745,244 | |||||
Monarch Casino & Resort, Inc.* | 10,356 | 437,955 | ||||||
Nathan’s Famous, Inc. | 1,462 | 108,042 | ||||||
Papa John’s International, Inc.(a) | 32,030 | 1,835,319 | ||||||
Pinnacle Entertainment, Inc.* | 24,725 | 745,459 | ||||||
Potbelly Corp.* | 3,533 | 42,573 | ||||||
RCI Hospitality Holdings, Inc. | 7,717 | 219,086 | ||||||
Red Robin Gourmet Burgers, Inc.* | 4,182 | 242,556 | ||||||
Red Rock Resorts, Inc. Class A | 14,176 | 415,073 | ||||||
Ruth’s Hospitality Group, Inc. | 24,341 | 595,137 | ||||||
Shake Shack, Inc. Class A*(a) | 5,845 | 243,327 | ||||||
Sonic Corp.(a) | 39,777 | 1,003,574 | ||||||
Speedway Motorsports, Inc. | 31,226 | 556,447 | ||||||
Wingstop, Inc. | 8,833 | 417,183 | ||||||
Zoe’s Kitchen, Inc.*(a) | 650 | 9,386 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 18,256,851 | |||||||
Household Durables – 2.5% | ||||||||
AV Homes, Inc.*(a) | 18,770 | 348,183 | ||||||
Bassett Furniture Industries, Inc. | 8,868 | 269,144 | ||||||
Beazer Homes USA, Inc.* | 27,189 | 433,665 | ||||||
Cavco Industries, Inc.* | 4,856 | 843,730 | ||||||
Century Communities, Inc.* | 27,549 | 825,093 | ||||||
CSS Industries, Inc. | 12,837 | 224,647 | ||||||
Ethan Allen Interiors, Inc. | 19,239 | 441,535 | ||||||
Flexsteel Industries, Inc. | 8,868 | 350,995 | ||||||
Hooker Furniture Corp. | 11,401 | 418,417 | ||||||
iRobot Corp.*(a) | 15,655 | 1,004,894 | ||||||
La-Z-Boy, Inc. | 45,821 | 1,372,339 | ||||||
LGI Homes, Inc.*(a) | 24,194 | 1,707,371 | ||||||
Lifetime Brands, Inc. | 15,017 | 186,211 | ||||||
M/I Homes, Inc.* | 34,278 | 1,091,754 | ||||||
MDC Holdings, Inc. | 84,838 | 2,368,677 | ||||||
New Home Co., Inc. (The)* | 27,775 | 307,747 | ||||||
Taylor Morrison Home Corp. Class A* | 63,671 | 1,482,261 | ||||||
Universal Electronics, Inc.* | 3,597 | 187,224 | ||||||
William Lyon Homes Class A* | 35,295 | 970,260 | ||||||
ZAGG, Inc.* | 2,327 | 28,389 | ||||||
|
| |||||||
Total Household Durables | 14,862,536 | |||||||
Household Products – 0.4% | ||||||||
Central Garden and Pet Co. Class A* | 34,704 | 1,374,625 | ||||||
Oil-Dri Corp. of America | 4,319 | 173,581 | ||||||
Orchids Paper Products Co.(a) | 1,004 | 8,183 | ||||||
WD-40 Co. | 7,539 | 992,886 | ||||||
|
| |||||||
Total Household Products | 2,549,275 | |||||||
Independent Power & Renewable Electricity Producers – 0.1% | ||||||||
NRG Yield, Inc. Class C | 38,175 | 648,975 | ||||||
Pattern Energy Group, Inc. Class A | 2,766 | 47,824 | ||||||
|
| |||||||
Total Independent Power & Renewable Electricity Producers | 696,799 | |||||||
Industrial Conglomerates – 0.1% | ||||||||
Raven Industries, Inc. | 18,989 | 665,564 | ||||||
Insurance – 2.6% | ||||||||
AMERISAFE, Inc. | 12,131 | 670,238 | ||||||
Baldwin & Lyons, Inc. Class B | 3,852 | 84,744 | ||||||
Citizens, Inc.*(a) | 9,800 | 71,736 | ||||||
Crawford & Co. Class B | 45,375 | 372,983 | ||||||
Donegal Group, Inc. Class A | 11,337 | 179,125 | ||||||
EMC Insurance Group, Inc. | 14,940 | 404,575 | ||||||
Employers Holdings, Inc. | 27,368 | 1,107,036 | ||||||
FBL Financial Group, Inc. Class A | 19,707 | 1,366,680 | ||||||
Genworth Financial, Inc. Class A* | 1,326,331 | 3,753,517 | ||||||
Health Insurance Innovations, Inc. Class A* | 7,848 | 226,807 | ||||||
Heritage Insurance Holdings, Inc.(a) | 1,093 | 16,570 | ||||||
Horace Mann Educators Corp. | 17,822 | 761,890 | ||||||
Infinity Property & Casualty Corp. | 6,131 | 725,910 | ||||||
Investors Title Co. | 1,350 | 269,865 | ||||||
Kinsale Capital Group, Inc. | 7,820 | 401,401 | ||||||
National Western Life Group, Inc. Class A | 3,527 | 1,075,312 | ||||||
Navigators Group, Inc. (The) | 9,156 | 527,843 | ||||||
Safety Insurance Group, Inc. | 9,820 | 754,667 | ||||||
State Auto Financial Corp. | 11,754 | 335,812 | ||||||
Stewart Information Services Corp. | 15,845 | 696,229 | ||||||
United Fire Group, Inc. | 3,228 | 154,492 | ||||||
Universal Insurance Holdings, Inc. | 40,609 | 1,295,427 | ||||||
|
| |||||||
Total Insurance | 15,252,859 | |||||||
Internet & Catalog Retail – 0.5% | ||||||||
1-800-Flowers.com, Inc. Class A* | 76,322 | 900,600 | ||||||
Duluth Holdings, Inc. Class B*(a) | 19,957 | 373,795 | ||||||
Liberty TripAdvisor Holdings, Inc. Class A* | 12,395 | 133,246 | ||||||
Nutrisystem, Inc. | 18,696 | 503,857 | ||||||
PetMed Express, Inc.(a) | 12,263 | 511,980 | ||||||
Shutterfly, Inc.* | 3,642 | 295,912 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 2,719,390 | |||||||
Internet Software & Services – 3.0% | ||||||||
Alarm.com Holdings, Inc.* | 14,828 | 559,609 | ||||||
Appfolio, Inc. Class A* | 2,301 | 93,996 | ||||||
Blucora, Inc.* | 2,184 | 53,726 | ||||||
Care.com, Inc.* | 3,672 | 59,743 | ||||||
Cars.com, Inc.*(a) | 78,167 | 2,214,471 | ||||||
CommerceHub, Inc. Series A* | 9,451 | 212,648 | ||||||
Etsy, Inc.* | 14,180 | 397,891 | ||||||
Match Group, Inc.*(a) | 257,264 | 11,432,812 | ||||||
NIC, Inc. | 57,677 | 767,104 | ||||||
Shutterstock, Inc.* | 9,863 | 474,904 | ||||||
SPS Commerce, Inc.* | 2,904 | 186,059 | ||||||
TechTarget, Inc.* | 4,807 | 95,563 | ||||||
Trade Desk, Inc. (The) Class A*(a) | 17,164 | 851,678 | ||||||
Web.com Group, Inc.* | 19,738 | 357,258 | ||||||
XO Group, Inc.* | 7,787 | 161,580 | ||||||
|
| |||||||
Total Internet Software & Services | 17,919,042 | |||||||
IT Services – 1.7% | ||||||||
Cass Information Systems, Inc. | 7,148 | 425,378 | ||||||
CSG Systems International, Inc. | 23,173 | 1,049,505 |
See Notes to Financial Statements.
78 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
ExlService Holdings, Inc.* | 20,730 | $ | 1,156,112 | |||||
Hackett Group, Inc. (The) | 27,031 | 434,118 | ||||||
ManTech International Corp. Class A | 20,310 | 1,126,596 | ||||||
MoneyGram International, Inc.* | 41,115 | 354,411 | ||||||
Perficient, Inc.* | 14,619 | 335,067 | ||||||
Presidio, Inc.* | 16,009 | 250,381 | ||||||
StarTek, Inc.* | 3,746 | 36,636 | ||||||
Sykes Enterprises, Inc.* | 37,747 | 1,092,398 | ||||||
Syntel, Inc.* | 115,747 | 2,955,021 | ||||||
TTEC Holdings, Inc. | 22,063 | 677,334 | ||||||
Virtusa Corp.* | 8,357 | 404,980 | ||||||
|
| |||||||
Total IT Services | 10,297,937 | |||||||
Leisure Products – 1.7% | ||||||||
Acushnet Holdings Corp. | 69,093 | 1,595,357 | ||||||
American Outdoor Brands Corp.*(a) | 115,435 | 1,191,289 | ||||||
Callaway Golf Co. | 219,553 | 3,591,887 | ||||||
Johnson Outdoors, Inc. Class A | 9,136 | 566,432 | ||||||
Malibu Boats, Inc. Class A* | 16,526 | 548,829 | ||||||
Marine Products Corp. | 22,025 | 308,570 | ||||||
MCBC Holdings, Inc.* | 14,707 | 370,616 | ||||||
Nautilus, Inc.* | 39,342 | 529,150 | ||||||
Sturm Ruger & Co., Inc.(a) | 20,973 | 1,101,083 | ||||||
|
| |||||||
Total Leisure Products | 9,803,213 | |||||||
Life Sciences Tools & Services – 0.5% | ||||||||
Cambrex Corp.* | 35,381 | 1,850,426 | ||||||
Luminex Corp. | 24,006 | 505,806 | ||||||
Medpace Holdings, Inc.* | 13,837 | 483,050 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 2,839,282 | |||||||
Machinery – 5.6% | ||||||||
Alamo Group, Inc. | 7,383 | 811,392 | ||||||
Albany International Corp. Class A | 11,426 | 716,410 | ||||||
Altra Industrial Motion Corp. | 14,801 | 680,106 | ||||||
American Railcar Industries, Inc. | 22,816 | 853,547 | ||||||
Astec Industries, Inc. | 12,299 | 678,659 | ||||||
Blue Bird Corp.* | 20,700 | 490,590 | ||||||
Briggs & Stratton Corp. | 37,346 | 799,578 | ||||||
CIRCOR International, Inc. | 5,636 | 240,432 | ||||||
Columbus McKinnon Corp. | 9,547 | 342,164 | ||||||
Commercial Vehicle Group, Inc.* | 9,627 | 74,609 | ||||||
Douglas Dynamics, Inc. | 13,912 | 603,085 | ||||||
Eastern Co. (The) | 4,931 | 140,534 | ||||||
Energy Recovery, Inc.*(a) | 5,971 | 49,082 | ||||||
EnPro Industries, Inc. | 97,085 | 7,512,437 | ||||||
ESCO Technologies, Inc. | 14,687 | 859,924 | ||||||
Federal Signal Corp. | 36,897 | 812,472 | ||||||
Franklin Electric Co., Inc. | 33,047 | 1,346,665 | ||||||
Gencor Industries, Inc.* | 8,984 | 144,642 | ||||||
Global Brass & Copper Holdings, Inc. | 27,322 | 913,921 | ||||||
Gorman-Rupp Co. (The) | 14,087 | 412,045 | ||||||
Graham Corp. | 3,805 | 81,503 | ||||||
Greenbrier Cos., Inc. (The)(a) | 38,386 | 1,928,896 | ||||||
Hardinge, Inc. | 6,133 | 112,357 | ||||||
Harsco Corp.* | 25,744 | 531,614 | ||||||
Hurco Cos., Inc. | 4,808 | 220,687 | ||||||
Hyster-Yale Materials Handling, Inc. | 12,911 | 902,866 | ||||||
Kadant, Inc. | 6,461 | 610,564 | ||||||
Lindsay Corp. | 4,312 | 394,289 | ||||||
Lydall, Inc.* | 14,115 | 681,049 | ||||||
Miller Industries, Inc. | 12,358 | 308,950 | ||||||
Mueller Industries, Inc. | 46,960 | 1,228,474 | ||||||
Mueller Water Products, Inc. Class A | 76,942 | 836,360 | ||||||
Omega Flex, Inc. | 4,198 | 273,290 | ||||||
Park-Ohio Holdings Corp. | 11,021 | 428,166 | ||||||
REV Group, Inc. | 13,125 | 272,475 | ||||||
Spartan Motors, Inc. | 15,454 | 265,809 | ||||||
SPX Corp.* | 13,676 | 444,196 | ||||||
SPX FLOW, Inc.* | 8,576 | 421,853 | ||||||
Standex International Corp. | 7,850 | 748,497 | ||||||
Sun Hydraulics Corp. | 9,649 | 516,800 | ||||||
Tennant Co. | 3,438 | 232,753 | ||||||
Twin Disc, Inc.* | 858 | 18,653 | ||||||
Wabash National Corp. | 72,389 | 1,506,415 | ||||||
Watts Water Technologies, Inc. Class A | 21,922 | 1,703,339 | ||||||
|
| |||||||
Total Machinery | 33,152,149 | |||||||
Marine – 0.2% | ||||||||
Matson, Inc. | 51,068 | 1,462,588 | ||||||
Media – 2.3% | ||||||||
Clear Channel Outdoor Holdings, Inc. Class A | 22,868 | 112,053 | ||||||
Emerald Expositions Events, Inc. | 9,221 | 179,625 | ||||||
Entercom Communications Corp. Class A(a) | 17,128 | 165,285 | ||||||
Entravision Communications Corp. Class A | 378,238 | 1,777,719 | ||||||
EW Scripps Co. (The) Class A | 41,780 | 500,942 | ||||||
Gannett Co., Inc. | 68,530 | 683,929 | ||||||
Gray Television, Inc.* | 155,344 | 1,972,869 | ||||||
Hemisphere Media Group, Inc.*(a) | 21,768 | 244,890 | ||||||
Loral Space & Communications, Inc.* | 20,931 | 871,776 | ||||||
MSG Networks, Inc. Class A* | 148,810 | 3,363,106 | ||||||
National CineMedia, Inc. | 52,587 | 272,927 | ||||||
Scholastic Corp. | 11,634 | 451,865 | ||||||
Townsquare Media, Inc. Class A | 42,674 | 338,405 | ||||||
tronc, Inc.* | 25,464 | 418,119 | ||||||
WideOpenWest, Inc.*(a) | 201,207 | 1,438,630 | ||||||
World Wrestling Entertainment, Inc. Class A | 20,436 | 735,900 | ||||||
|
| |||||||
Total Media | 13,528,040 | |||||||
Metals & Mining – 2.7% | ||||||||
AK Steel Holding Corp.*(a) | 180,113 | 815,912 | ||||||
Cleveland-Cliffs, Inc.* | 456,210 | 3,170,659 | ||||||
Gold Resource Corp. | 28,284 | 127,561 | ||||||
Hecla Mining Co. | 117,317 | 430,553 | ||||||
Kaiser Aluminum Corp. | 14,602 | 1,473,342 | ||||||
Materion Corp. | 9,699 | 495,134 | ||||||
Olympic Steel, Inc. | 10,253 | 210,289 | ||||||
Ryerson Holding Corp.* | 15,304 | 124,727 | ||||||
Schnitzer Steel Industries, Inc. Class A | 26,305 | 850,967 | ||||||
SunCoke Energy, Inc.* | 8,868 | 95,420 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 79 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
Warrior Met Coal, Inc.(a) | 282,804 | $ | 7,921,340 | |||||
|
| |||||||
Total Metals & Mining | 15,715,904 | |||||||
Multi-Utilities – 0.1% | ||||||||
Unitil Corp. | 9,657 | 448,181 | ||||||
Multiline Retail – 0.5% | ||||||||
Dillard’s, Inc. Class A(a) | 35,335 | 2,838,814 | ||||||
Oil, Gas & Consumable Fuels – 3.0% | ||||||||
Carrizo Oil & Gas, Inc.*(a) | 86,878 | 1,390,048 | ||||||
Evolution Petroleum Corp. | 20,389 | 164,131 | ||||||
Green Plains, Inc. | 34,460 | 578,928 | ||||||
NACCO Industries, Inc. Class A | 16,675 | 547,774 | ||||||
Overseas Shipholding Group, Inc. Class A* | 455,089 | 1,292,453 | ||||||
Panhandle Oil and Gas, Inc. Class A | 2,504 | 48,327 | ||||||
Par Pacific Holdings, Inc.* | 56,467 | 969,538 | ||||||
Penn Virginia Corp.* | 21,492 | 753,080 | ||||||
REX American Resources Corp.* | 6,706 | 488,197 | ||||||
Ring Energy, Inc.* | 7,044 | 101,081 | ||||||
SilverBow Resources, Inc.* | 29,295 | 852,485 | ||||||
SRC Energy, Inc.* | 193,609 | 1,825,733 | ||||||
Stone Energy Corp.* | 168,951 | 6,268,082 | ||||||
W&T Offshore, Inc.* | 372,274 | 1,649,174 | ||||||
WildHorse Resource Development Corp.*(a) | 17,748 | 338,809 | ||||||
World Fuel Services Corp. | 15,566 | 382,145 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 17,649,985 | |||||||
Paper & Forest Products – 1.0% | ||||||||
Boise Cascade Co. | 29,447 | 1,136,654 | ||||||
Clearwater Paper Corp.* | 10,068 | 393,659 | ||||||
KapStone Paper and Packaging Corp. | 58,402 | 2,003,773 | ||||||
Neenah, Inc. | 14,713 | 1,153,499 | ||||||
PH Glatfelter Co. | 1,870 | 38,391 | ||||||
Schweitzer-Mauduit International, Inc. | 30,268 | 1,184,992 | ||||||
|
| |||||||
Total Paper & Forest Products | 5,910,968 | |||||||
Personal Products – 0.6% | ||||||||
elf Beauty, Inc.*(a) | 14,385 | 278,637 | ||||||
Inter Parfums, Inc. | 15,954 | 752,231 | ||||||
Medifast, Inc. | 5,850 | 546,683 | ||||||
USANA Health Sciences, Inc.* | 21,887 | 1,880,093 | ||||||
|
| |||||||
Total Personal Products | 3,457,644 | |||||||
Pharmaceuticals – 0.9% | ||||||||
Amphastar Pharmaceuticals, Inc.* | 600 | 11,250 | ||||||
ANI Pharmaceuticals, Inc.* | 2,812 | 163,715 | ||||||
Innoviva, Inc.* | 134,129 | 2,235,931 | ||||||
Lannett Co., Inc.*(a) | 26,823 | 430,509 | ||||||
Phibro Animal Health Corp. Class A | 35,916 | 1,425,865 | ||||||
Supernus Pharmaceuticals, Inc.* | 26,229 | 1,201,288 | ||||||
|
| |||||||
Total Pharmaceuticals | 5,468,558 | |||||||
Professional Services – 1.7% | ||||||||
Barrett Business Services, Inc. | 6,139 | 508,800 | ||||||
BG Staffing, Inc. | 9,492 | 180,253 | ||||||
CBIZ, Inc.* | 52,706 | 961,885 | ||||||
CRA International, Inc. | 4,705 | 246,024 | ||||||
Exponent, Inc. | 13,019 | 1,023,944 | ||||||
Forrester Research, Inc. | 7,050 | 292,223 | ||||||
FTI Consulting, Inc.* | 19,174 | 928,213 | ||||||
GP Strategies Corp.* | 14,762 | 334,359 | ||||||
Heidrick & Struggles International, Inc. | 10,180 | 318,125 | ||||||
ICF International, Inc. | 15,772 | 921,873 | ||||||
Kelly Services, Inc. Class A | 43,487 | 1,262,863 | ||||||
Kforce, Inc. | 24,097 | 651,824 | ||||||
Navigant Consulting, Inc.* | 42,402 | 815,814 | ||||||
Resources Connection, Inc. | 17,094 | 276,923 | ||||||
RPX Corp. | 24,915 | 266,341 | ||||||
TrueBlue, Inc.* | 35,945 | 930,976 | ||||||
Willdan Group, Inc.* | 7,133 | 202,221 | ||||||
|
| |||||||
Total Professional Services | 10,122,661 | |||||||
Real Estate Management & Development – 0.8% | ||||||||
Consolidated-Tomoka Land Co. | 4,462 | 280,437 | ||||||
Forestar Group, Inc.*(a) | 37,969 | 803,044 | ||||||
FRP Holdings, Inc.* | 9,133 | 511,448 | ||||||
HFF, Inc. Class A | 24,133 | 1,199,410 | ||||||
Marcus & Millichap, Inc.* | 23,837 | 859,562 | ||||||
Maui Land & Pineapple Co., Inc.* | 15,456 | 180,063 | ||||||
Rafael Holdings, Inc. Class B* | 6,365 | 30,870 | ||||||
RE/MAX Holdings, Inc. Class A | 5,485 | 331,568 | ||||||
St. Joe Co. (The)* | 13,404 | 252,666 | ||||||
|
| |||||||
Total Real Estate Management & Development | 4,449,068 | |||||||
Road & Rail – 0.5% | ||||||||
ArcBest Corp. | 11,230 | 359,922 | ||||||
Celadon Group, Inc.(a) | 7,461 | 27,606 | ||||||
Covenant Transportation Group, Inc. Class A* | 7,212 | 215,134 | ||||||
Heartland Express, Inc. | 38,167 | 686,624 | ||||||
Marten Transport Ltd. | 28,924 | 659,467 | ||||||
Roadrunner Transportation Systems, Inc.* | 50,049 | 127,124 | ||||||
Saia, Inc.* | 13,468 | 1,012,120 | ||||||
|
| |||||||
Total Road & Rail | 3,087,997 | |||||||
Semiconductors & Semiconductor Equipment – 1.4% | ||||||||
Amtech Systems, Inc.* | 2,378 | 17,407 | ||||||
Axcelis Technologies, Inc.* | 23,273 | 572,516 | ||||||
AXT, Inc.* | 17,689 | 128,245 | ||||||
Brooks Automation, Inc. | 44,303 | 1,199,725 | ||||||
Ceva, Inc.* | 7,144 | 258,613 | ||||||
Cohu, Inc. | 22,539 | 514,115 | ||||||
CyberOptics Corp.*(a) | 7,355 | 132,390 | ||||||
Diodes, Inc.* | 18,619 | 567,135 | ||||||
FormFactor, Inc.* | 22,514 | 307,316 | ||||||
MaxLinear, Inc. Class A* | 13,088 | 297,752 | ||||||
Nanometrics, Inc.* | 32,825 | 882,992 | ||||||
PDF Solutions, Inc.*(a) | 4,693 | 54,720 | ||||||
Photronics, Inc.* | 25,938 | 213,989 | ||||||
Rambus, Inc.* | 11,911 | 159,965 | ||||||
Rudolph Technologies, Inc.* | 23,160 | 641,532 | ||||||
Synaptics, Inc.* | 11,236 | 513,822 | ||||||
Ultra Clean Holdings, Inc.* | 52,613 | 1,012,800 |
See Notes to Financial Statements.
80 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
Xcerra Corp.* | 70,252 | $ | 818,436 | |||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 8,293,470 | |||||||
Software – 0.3% | ||||||||
American Software, Inc. Class A | 22,263 | 289,419 | ||||||
Imperva, Inc.* | 3,755 | 162,591 | ||||||
MicroStrategy, Inc. Class A* | 9,499 | 1,225,276 | ||||||
Monotype Imaging Holdings, Inc. | 295 | 6,623 | ||||||
Progress Software Corp. | 3,039 | 116,850 | ||||||
Zix Corp.* | 26,547 | 113,356 | ||||||
|
| |||||||
Total Software | 1,914,115 | |||||||
Specialty Retail – 5.7% | ||||||||
America’s Car-Mart, Inc.* | 8,056 | 406,425 | ||||||
Asbury Automotive Group, Inc.* | 40,552 | 2,737,260 | ||||||
At Home Group, Inc.* | 22,026 | 705,713 | ||||||
Barnes & Noble, Inc. | 63,003 | 311,865 | ||||||
Big 5 Sporting Goods Corp.(a) | 50,043 | 362,812 | ||||||
Boot Barn Holdings, Inc.* | 16,573 | 293,839 | ||||||
Buckle, Inc. (The)(a) | 63,817 | 1,413,546 | ||||||
Build-A-Bear Workshop, Inc.* | 6,337 | 57,984 | ||||||
Caleres, Inc. | 31,105 | 1,045,128 | ||||||
Camping World Holdings, Inc. Class A | 18,455 | 595,174 | ||||||
Cato Corp. (The) Class A | 12,567 | 185,238 | ||||||
Chico’s FAS, Inc. | 160,660 | 1,452,366 | ||||||
Citi Trends, Inc. | 9,318 | 288,019 | ||||||
Container Store Group, Inc. (The)* | 14,811 | 80,572 | ||||||
DSW, Inc. Class A | 66,893 | 1,502,417 | ||||||
Express, Inc.* | 28,084 | 201,081 | ||||||
Finish Line, Inc. (The) Class A | 19,981 | 270,543 | ||||||
Francesca’s Holdings Corp.* | 100,232 | 481,114 | ||||||
GameStop Corp. Class A(a) | 313,899 | 3,961,405 | ||||||
Genesco, Inc.* | 40,326 | 1,637,236 | ||||||
Group 1 Automotive, Inc. | 25,688 | 1,678,454 | ||||||
Haverty Furniture Cos., Inc. | 19,280 | 388,492 | ||||||
Hibbett Sports, Inc.* | 32,569 | 780,027 | ||||||
J. Jill, Inc.*(a) | 71,400 | 315,588 | ||||||
Kirkland’s, Inc.* | 9,635 | 93,363 | ||||||
MarineMax, Inc.* | 18,648 | 362,704 | ||||||
Monro, Inc. | 19,638 | 1,052,597 | ||||||
Office Depot, Inc. | 1,319,403 | 2,836,716 | ||||||
Party City Holdco, Inc.*(a) | 161,115 | 2,513,394 | ||||||
Pier 1 Imports, Inc. | 95,227 | 306,631 | ||||||
RH*(a) | 185 | 17,627 | ||||||
Shoe Carnival, Inc. | 14,662 | 348,956 | ||||||
Sleep Number Corp.* | 27,653 | 972,003 | ||||||
Sonic Automotive, Inc. Class A | 49,039 | 929,289 | ||||||
Sportsman’s Warehouse Holdings, Inc.*(a) | 69,516 | 283,625 | ||||||
Tailored Brands, Inc. | 51,804 | 1,298,208 | ||||||
Tile Shop Holdings, Inc. | 33,831 | 202,986 | ||||||
Tilly’s, Inc. Class A | 19,243 | 217,446 | ||||||
Winmark Corp. | 2,965 | 387,822 | ||||||
Zumiez, Inc.* | 19,032 | 454,865 | ||||||
|
| |||||||
Total Specialty Retail | 33,430,530 | |||||||
Technology Hardware, Storage & Peripherals – 0.3% | ||||||||
Cray, Inc.* | 11,626 | 240,658 | ||||||
Eastman Kodak Co.*(a) | 32,894 | 175,983 | ||||||
Electronics For Imaging, Inc.* | 19,151 | 523,397 | ||||||
Intevac, Inc.* | 16,801 | 115,927 | ||||||
Super Micro Computer, Inc.*(a) | 55,384 | 941,528 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 1,997,493 | |||||||
Textiles, Apparel & Luxury Goods – 0.7% | ||||||||
Culp, Inc. | 11,676 | 356,702 | ||||||
Delta Apparel, Inc.* | 8,951 | 161,297 | ||||||
G-III Apparel Group Ltd.* | 15,668 | 590,370 | ||||||
Lakeland Industries, Inc.* | 6,698 | 86,739 | ||||||
Movado Group, Inc. | 13,595 | 522,048 | ||||||
Oxford Industries, Inc. | 11,943 | 890,470 | ||||||
Perry Ellis International, Inc.* | 12,261 | 316,334 | ||||||
Rocky Brands, Inc. | 4,042 | 86,701 | ||||||
Superior Uniform Group, Inc. | 11,632 | 305,572 | ||||||
Unifi, Inc.* | 15,572 | 564,485 | ||||||
Vera Bradley, Inc.* | 15,749 | 167,097 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 4,047,815 | |||||||
Thrifts & Mortgage Finance – 4.0% | ||||||||
BankFinancial Corp. | 7,940 | 134,821 | ||||||
Beneficial Bancorp, Inc. | 25,449 | 395,732 | ||||||
BofI Holding, Inc.*(a) | 63,448 | 2,571,547 | ||||||
Capitol Federal Financial, Inc. | 77,311 | 954,791 | ||||||
Clifton Bancorp, Inc. | 4,472 | 69,987 | ||||||
Dime Community Bancshares, Inc. | 22,097 | 406,585 | ||||||
Entegra Financial Corp.* | 3,401 | 98,629 | ||||||
Federal Agricultural Mortgage Corp. Class C | 14,078 | 1,225,068 | ||||||
First Defiance Financial Corp. | 6,872 | 393,903 | ||||||
Hingham Institution for Savings | 1,521 | 313,326 | ||||||
Home Bancorp, Inc. | 5,181 | 223,664 | ||||||
HomeStreet, Inc.* | 15,597 | 446,854 | ||||||
Impac Mortgage Holdings, Inc.*(a) | 34,630 | 273,577 | ||||||
Kearny Financial Corp. | 16,419 | 213,447 | ||||||
Meridian Bancorp, Inc. | 28,039 | 564,986 | ||||||
Meta Financial Group, Inc. | 6,260 | 683,592 | ||||||
Nationstar Mortgage Holdings, Inc.* | 134,636 | 2,418,062 | ||||||
NMI Holdings, Inc. Class A* | 61,264 | 1,013,919 | ||||||
Northfield Bancorp, Inc. | 24,993 | 390,141 | ||||||
Northwest Bancshares, Inc. | 72,918 | 1,207,522 | ||||||
OceanFirst Financial Corp. | 46,796 | 1,251,793 | ||||||
Oritani Financial Corp. | 38,671 | 593,600 | ||||||
PennyMac Financial Services, Inc. Class A* | 35,693 | 808,446 | ||||||
Provident Financial Services, Inc. | 45,098 | 1,154,058 | ||||||
Riverview Bancorp, Inc. | 12,891 | 120,402 | ||||||
Southern Missouri Bancorp, Inc. | 5,222 | 191,125 | ||||||
Territorial Bancorp, Inc. | 7,121 | 211,209 | ||||||
Timberland Bancorp, Inc. | 6,325 | 192,280 | ||||||
TrustCo Bank Corp. | 64,656 | 546,343 | ||||||
United Community Financial Corp. | 29,042 | 286,354 | ||||||
United Financial Bancorp, Inc. | 41,985 | 680,157 | ||||||
Walker & Dunlop, Inc. | 38,340 | 2,278,163 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 81 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. SmallCap Earnings Fund (EES)
March 31, 2018
Investments | Shares | Value | ||||||
Waterstone Financial, Inc. | 19,647 | $ | 339,893 | |||||
Western New England Bancorp, Inc. | 16,391 | 174,564 | ||||||
WSFS Financial Corp. | 20,011 | 958,527 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 23,787,067 | |||||||
Tobacco – 0.2% | ||||||||
Turning Point Brands, Inc. | 34,053 | 661,990 | ||||||
Universal Corp. | 12,177 | 590,585 | ||||||
|
| |||||||
Total Tobacco | 1,252,575 | |||||||
Trading Companies & Distributors – 0.9% | ||||||||
BMC Stock Holdings, Inc.* | 37,220 | 727,651 | ||||||
CAI International, Inc.* | 16,003 | 340,224 | ||||||
DXP Enterprises, Inc.* | 11,293 | 439,862 | ||||||
EnviroStar, Inc.(a) | 1,573 | 61,740 | ||||||
GMS, Inc.* | 24,992 | 763,756 | ||||||
H&E Equipment Services, Inc. | 16,771 | 645,516 | ||||||
Kaman Corp. | 15,169 | 942,298 | ||||||
Rush Enterprises, Inc. Class A* | 27,693 | 1,176,676 | ||||||
|
| �� | ||||||
Total Trading Companies & Distributors | 5,097,723 | |||||||
Water Utilities – 0.5% | ||||||||
American States Water Co. | 20,618 | 1,093,991 | ||||||
Artesian Resources Corp. Class A | 5,888 | 214,794 | ||||||
Connecticut Water Service, Inc. | 7,110 | 430,369 | ||||||
Middlesex Water Co. | 8,470 | 310,849 | ||||||
SJW Group | 14,858 | 783,165 | ||||||
York Water Co. (The) | 6,129 | 189,999 | ||||||
|
| |||||||
Total Water Utilities | 3,023,167 | |||||||
Wireless Telecommunication Services – 0.2% | ||||||||
Shenandoah Telecommunications Co. | 2,955 | 106,380 | ||||||
Spok Holdings, Inc. | 10,151 | 151,758 | ||||||
United States Cellular Corp.* | 20,723 | 832,857 | ||||||
|
| |||||||
Total Wireless Telecommunication Services | 1,090,995 | |||||||
Total United States | 585,246,824 | |||||||
TOTAL COMMON STOCKS (Cost: $536,783,989) | 587,594,530 | |||||||
EXCHANGE-TRADED FUND – 0.1% | ||||||||
United States – 0.1% | ||||||||
WisdomTree U.S. MidCap Earnings Fund(a)(b) (Cost: $607,610) | 17,610 | 681,155 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.4% | ||||||||
United States – 7.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $43,382,452)(d) | 43,382,452 | 43,382,452 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 107.2% (Cost: $580,774,051) |
| 631,658,137 | ||||||
Other Assets less Liabilities – (7.2)% | (42,658,933 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 588,999,204 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $68,673,262 and the total market value of the collateral held by the Fund was $70,876,650. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $27,494,198. |
See Notes to Financial Statements.
82 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
United States – 99.8% | ||||||||
Aerospace & Defense – 0.4% | ||||||||
AAR Corp. | 4,324 | $ | 190,731 | |||||
HEICO Corp. | 1,290 | 111,985 | ||||||
National Presto Industries, Inc.(a) | 1,221 | 114,469 | ||||||
|
| |||||||
Total Aerospace & Defense | 417,185 | |||||||
Air Freight & Logistics – 0.3% | ||||||||
Forward Air Corp. | 5,414 | 286,184 | ||||||
Airlines – 1.3% | ||||||||
Allegiant Travel Co. | 5,357 | 924,350 | ||||||
Hawaiian Holdings, Inc. | 11,025 | 426,668 | ||||||
|
| |||||||
Total Airlines | 1,351,018 | |||||||
Auto Components – 1.3% | ||||||||
Cooper Tire & Rubber Co. | 8,669 | 254,002 | ||||||
Standard Motor Products, Inc. | 5,577 | 265,298 | ||||||
Tenneco, Inc. | 12,601 | 691,417 | ||||||
Tower International, Inc. | 4,544 | 126,096 | ||||||
|
| |||||||
Total Auto Components | 1,336,813 | |||||||
Automobiles – 0.1% | ||||||||
Winnebago Industries, Inc. | 3,177 | 119,455 | ||||||
Banks – 8.7% | ||||||||
Access National Corp. | 7,695 | 219,538 | ||||||
Banc of California, Inc.(a) | 21,898 | 422,632 | ||||||
BancFirst Corp. | 8,828 | 468,767 | ||||||
Bank of Marin Bancorp | 2,049 | 141,279 | ||||||
Bryn Mawr Bank Corp. | 6,113 | 268,666 | ||||||
City Holding Co. | 7,164 | 491,164 | ||||||
CoBiz Financial, Inc. | 7,987 | 156,545 | ||||||
Community Bank System, Inc. | 22,581 | 1,209,438 | ||||||
Enterprise Financial Services Corp. | 4,032 | 189,101 | ||||||
First Financial Bankshares, Inc. | 19,530 | 904,239 | ||||||
Glacier Bancorp, Inc. | 30,500 | 1,170,590 | ||||||
Heartland Financial USA, Inc. | 4,620 | 245,091 | ||||||
Hope Bancorp, Inc. | 68,011 | 1,237,120 | ||||||
Lakeland Financial Corp. | 7,953 | 367,667 | ||||||
LegacyTexas Financial Group, Inc. | 13,257 | 567,665 | ||||||
ServisFirst Bancshares, Inc. | 4,606 | 188,017 | ||||||
Stock Yards Bancorp, Inc. | 8,874 | 311,478 | ||||||
Summit Financial Group, Inc. | 3,517 | 87,960 | ||||||
West Bancorporation, Inc. | 6,334 | 162,150 | ||||||
|
| |||||||
Total Banks | 8,809,107 | |||||||
Beverages – 0.2% | ||||||||
Coca-Cola Bottling Co. Consolidated | 565 | 97,559 | ||||||
MGP Ingredients, Inc. | 670 | 60,025 | ||||||
|
| |||||||
Total Beverages | 157,584 | |||||||
Building Products – 1.6% | ||||||||
AAON, Inc. | 6,721 | 262,119 | ||||||
Apogee Enterprises, Inc. | 5,864 | 254,204 | ||||||
Insteel Industries, Inc. | 1,590 | 43,932 | ||||||
Quanex Building Products Corp. | 4,717 | 82,076 | ||||||
Simpson Manufacturing Co., Inc. | 11,772 | $ | 677,949 | |||||
Universal Forest Products, Inc. | 9,679 | 314,084 | ||||||
|
| |||||||
Total Building Products | 1,634,364 | |||||||
Capital Markets – 3.2% | ||||||||
Cohen & Steers, Inc. | 20,130 | 818,486 | ||||||
Financial Engines, Inc. | 10,730 | 375,550 | ||||||
Hennessy Advisors, Inc. | 2,371 | 45,760 | ||||||
Houlihan Lokey, Inc. | 8,447 | 376,736 | ||||||
Moelis & Co. Class A | 18,132 | 922,012 | ||||||
Pzena Investment Management, Inc. Class A | 3,561 | 39,634 | ||||||
Silvercrest Asset Management Group, Inc. Class A | 4,177 | 63,491 | ||||||
Virtus Investment Partners, Inc. | 1,935 | 239,553 | ||||||
Westwood Holdings Group, Inc. | 6,483 | 366,225 | ||||||
|
| |||||||
Total Capital Markets | 3,247,447 | |||||||
Chemicals – 3.0% | ||||||||
American Vanguard Corp. | 1,712 | 34,582 | ||||||
Balchem Corp. | 2,606 | 213,040 | ||||||
Chase Corp. | 1,136 | 132,287 | ||||||
Core Molding Technologies, Inc. | 1,608 | 28,671 | ||||||
FutureFuel Corp. | 12,969 | 155,498 | ||||||
H.B. Fuller Co. | 9,927 | 493,670 | ||||||
Hawkins, Inc. | 4,707 | 165,451 | ||||||
Innophos Holdings, Inc. | 15,015 | 603,753 | ||||||
Innospec, Inc. | 4,858 | 333,259 | ||||||
KMG Chemicals, Inc. | 589 | 35,311 | ||||||
Minerals Technologies, Inc. | 1,819 | 121,782 | ||||||
Quaker Chemical Corp. | 2,159 | 319,813 | ||||||
Stepan Co. | 4,628 | 384,957 | ||||||
|
| |||||||
Total Chemicals | 3,022,074 | |||||||
Commercial Services & Supplies – 7.4% | ||||||||
ABM Industries, Inc. | 18,100 | 605,988 | ||||||
Brady Corp. Class A | 18,049 | 670,520 | ||||||
Herman Miller, Inc. | 22,295 | 712,325 | ||||||
HNI Corp. | 26,091 | 941,624 | ||||||
Interface, Inc. | 11,232 | 283,046 | ||||||
Kimball International, Inc. Class B | 10,180 | 173,467 | ||||||
Knoll, Inc. | 25,659 | 518,055 | ||||||
Matthews International Corp. Class A | 8,094 | 409,556 | ||||||
McGrath RentCorp | 9,662 | 518,753 | ||||||
Mobile Mini, Inc. | 20,948 | 911,238 | ||||||
Multi-Color Corp. | 916 | 60,502 | ||||||
Steelcase, Inc. Class A | 55,424 | 753,767 | ||||||
Tetra Tech, Inc. | 8,191 | 400,950 | ||||||
U.S. Ecology, Inc. | 5,542 | 295,389 | ||||||
Viad Corp. | 2,571 | 134,849 | ||||||
VSE Corp. | 1,095 | 56,633 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 7,446,662 | |||||||
Communications Equipment – 1.4% | ||||||||
ADTRAN, Inc. | 13,855 | 215,445 | ||||||
InterDigital, Inc. | 11,145 | 820,272 | ||||||
Plantronics, Inc. | 6,957 | 419,994 | ||||||
|
| |||||||
Total Communications Equipment | 1,455,711 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 83 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
March 31, 2018
Investments | Shares | Value | ||||||
Construction & Engineering – 0.6% | ||||||||
Argan, Inc. | 5,797 | $ | 248,981 | |||||
Comfort Systems USA, Inc. | 4,540 | 187,275 | ||||||
Primoris Services Corp. | 7,761 | 193,870 | ||||||
|
| |||||||
Total Construction & Engineering | 630,126 | |||||||
Construction Materials – 0.0% | ||||||||
United States Lime & Minerals, Inc. | 671 | 49,104 | ||||||
Consumer Finance – 0.8% | ||||||||
FirstCash, Inc. | 9,878 | 802,588 | ||||||
Containers & Packaging – 0.7% | ||||||||
Silgan Holdings, Inc. | 24,584 | 684,664 | ||||||
Distributors – 0.3% | ||||||||
Core-Mark Holding Co., Inc. | 8,144 | 173,141 | ||||||
Weyco Group, Inc. | 3,225 | 108,360 | ||||||
|
| |||||||
Total Distributors | 281,501 | |||||||
Diversified Consumer Services – 1.0% | ||||||||
Capella Education Co. | 3,265 | 285,198 | ||||||
Carriage Services, Inc. | 2,463 | 68,126 | ||||||
Graham Holdings Co. Class B | 580 | 349,305 | ||||||
Liberty Tax, Inc. | 9,569 | 96,647 | ||||||
Strayer Education, Inc. | 1,676 | 169,360 | ||||||
|
| |||||||
Total Diversified Consumer Services | 968,636 | |||||||
Diversified Financial Services – 0.0% | ||||||||
A-Mark Precious Metals, Inc. | 3,135 | 38,404 | ||||||
Diversified Telecommunication Services – 0.4% | ||||||||
ATN International, Inc. | 3,516 | 209,624 | ||||||
IDT Corp. Class B* | 27,553 | 172,757 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 382,381 | |||||||
Electric Utilities – 1.7% | ||||||||
MGE Energy, Inc. | 12,483 | 700,296 | ||||||
Otter Tail Corp. | 19,149 | 830,109 | ||||||
Spark Energy, Inc. Class A(a) | 12,408 | 147,035 | ||||||
|
| |||||||
Total Electric Utilities | 1,677,440 | |||||||
Electrical Equipment – 1.0% | ||||||||
Allied Motion Technologies, Inc. | 549 | 21,823 | ||||||
AZZ, Inc. | 6,677 | 291,785 | ||||||
Encore Wire Corp. | 654 | 37,082 | ||||||
EnerSys | 7,741 | 536,993 | ||||||
LSI Industries, Inc. | 13,697 | 111,082 | ||||||
|
| |||||||
Total Electrical Equipment | 998,765 | |||||||
Electronic Equipment, Instruments & Components – 1.0% | ||||||||
Badger Meter, Inc. | 5,814 | 274,130 | ||||||
CTS Corp. | 3,555 | 96,696 | ||||||
Mesa Laboratories, Inc. | 334 | 49,579 | ||||||
Methode Electronics, Inc. | 5,527 | 216,106 | ||||||
MTS Systems Corp. | 6,845 | 353,544 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 990,055 | |||||||
Energy Equipment & Services – 0.3% | ||||||||
U.S. Silica Holdings, Inc.(a) | 10,882 | 277,709 | ||||||
Equity Real Estate Investment Trusts (REITs) – 5.3% | ||||||||
Alexander & Baldwin, Inc. | 8,524 | $ | 197,160 | |||||
CoreCivic, Inc. | 101,220 | 1,975,814 | ||||||
PotlatchDeltic Corp. | 22,692 | 1,181,119 | ||||||
Universal Health Realty Income Trust | 8,775 | 527,377 | ||||||
Urban Edge Properties | 70,896 | 1,513,630 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 5,395,100 | |||||||
Food & Staples Retailing – 0.7% | ||||||||
Ingles Markets, Inc. Class A | 5,336 | 180,624 | ||||||
PriceSmart, Inc. | 4,466 | 373,134 | ||||||
Village Super Market, Inc. Class A | 7,672 | 202,311 | ||||||
|
| |||||||
Total Food & Staples Retailing | 756,069 | |||||||
Food Products – 1.6% | ||||||||
Calavo Growers, Inc. | 4,134 | 381,155 | ||||||
Dean Foods Co. | 50,895 | 438,715 | ||||||
J&J Snack Foods Corp. | 4,009 | 547,469 | ||||||
John B. Sanfilippo & Son, Inc. | 1,212 | 70,138 | ||||||
Tootsie Roll Industries, Inc.(a) | 6,938 | 204,334 | ||||||
|
| |||||||
Total Food Products | 1,641,811 | |||||||
Gas Utilities – 1.7% | ||||||||
Chesapeake Utilities Corp. | 4,513 | 317,490 | ||||||
RGC Resources, Inc. | 2,825 | 71,755 | ||||||
South Jersey Industries, Inc. | 47,820 | 1,346,611 | ||||||
|
| |||||||
Total Gas Utilities | 1,735,856 | |||||||
Health Care Equipment & Supplies – 1.1% | ||||||||
Abaxis, Inc. | 5,423 | 382,972 | ||||||
Atrion Corp. | 246 | 155,300 | ||||||
LeMaitre Vascular, Inc. | 2,421 | 87,713 | ||||||
Meridian Bioscience, Inc. | 26,562 | 377,180 | ||||||
Utah Medical Products, Inc. | 900 | 88,965 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 1,092,130 | |||||||
Health Care Providers & Services – 0.5% | ||||||||
Aceto Corp. | 12,830 | 97,508 | ||||||
Ensign Group, Inc. (The) | 6,780 | 178,314 | ||||||
Psychemedics Corp. | 2,726 | 56,374 | ||||||
U.S. Physical Therapy, Inc. | 2,501 | 203,331 | ||||||
|
| |||||||
Total Health Care Providers & Services | 535,527 | |||||||
Health Care Technology – 0.2% | ||||||||
Computer Programs & Systems, Inc.(a) | 3,444 | 100,565 | ||||||
Simulations Plus, Inc. | 4,386 | 64,693 | ||||||
|
| |||||||
Total Health Care Technology | 165,258 | |||||||
Hotels, Restaurants & Leisure – 2.8% | ||||||||
BBX Capital Corp. | 4,577 | 42,154 | ||||||
BJ’s Restaurants, Inc. | 3,479 | 156,207 | ||||||
Bloomin’ Brands, Inc. | 19,065 | 462,898 | ||||||
Cheesecake Factory, Inc. (The)(a) | 15,419 | 743,504 | ||||||
Dine Brands Global, Inc. | 19,429 | 1,274,154 | ||||||
RCI Hospitality Holdings, Inc. | 625 | 17,744 | ||||||
Ruth’s Hospitality Group, Inc. | 7,415 | 181,297 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 2,877,958 |
See Notes to Financial Statements.
84 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
March 31, 2018
Investments | Shares | Value | ||||||
Household Durables – 2.9% | ||||||||
Bassett Furniture Industries, Inc. | 1,891 | $ | 57,392 | |||||
Ethan Allen Interiors, Inc. | 10,251 | 235,260 | ||||||
Flexsteel Industries, Inc. | 2,017 | 79,833 | ||||||
Hooker Furniture Corp. | 1,796 | 65,913 | ||||||
KB Home | 3,935 | 111,951 | ||||||
La-Z-Boy, Inc. | 10,124 | 303,214 | ||||||
Lennar Corp. Class B | 1,440 | 68,674 | ||||||
Lifetime Brands, Inc. | 2,138 | 26,511 | ||||||
MDC Holdings, Inc. | 21,302 | 594,752 | ||||||
Tupperware Brands Corp. | 28,761 | 1,391,457 | ||||||
|
| |||||||
Total Household Durables | 2,934,957 | |||||||
Household Products – 0.6% | ||||||||
Oil-Dri Corp. of America | 1,968 | 79,094 | ||||||
WD-40 Co. | 4,028 | 530,488 | ||||||
|
| |||||||
Total Household Products | 609,582 | |||||||
Industrial Conglomerates – 0.3% | ||||||||
Raven Industries, Inc. | 9,725 | 340,861 | ||||||
Insurance – 2.7% | ||||||||
AMERISAFE, Inc. | 4,045 | 223,486 | ||||||
Employers Holdings, Inc. | 7,083 | 286,508 | ||||||
HCI Group, Inc. | 8,013 | 305,776 | ||||||
Heritage Insurance Holdings, Inc. | 6,000 | 90,960 | ||||||
Independence Holding Co. | 1,140 | 40,641 | ||||||
Investors Title Co. | 280 | 55,972 | ||||||
Kingstone Cos., Inc. | 3,229 | 54,247 | ||||||
National General Holdings Corp. | 14,761 | 358,840 | ||||||
Navigators Group, Inc. (The) | 2,582 | 148,852 | ||||||
RLI Corp. | 11,298 | 716,180 | ||||||
Universal Insurance Holdings, Inc. | 13,213 | 421,495 | ||||||
|
| |||||||
Total Insurance | 2,702,957 | |||||||
Internet & Catalog Retail – 0.4% | ||||||||
Nutrisystem, Inc. | 5,668 | 152,752 | ||||||
PetMed Express, Inc.(a) | 5,385 | 224,824 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 377,576 | |||||||
Internet Software & Services – 0.3% | ||||||||
NIC, Inc. | 23,105 | 307,297 | ||||||
IT Services – 2.5% | ||||||||
Convergys Corp. | 27,801 | 628,859 | ||||||
CSG Systems International, Inc. | 10,714 | 485,237 | ||||||
Hackett Group, Inc. (The) | 9,751 | 156,601 | ||||||
Science Applications International Corp. | 11,850 | 933,780 | ||||||
TTEC Holdings, Inc. | 10,068 | 309,087 | ||||||
|
| |||||||
Total IT Services | 2,513,564 | |||||||
Leisure Products – 0.4% | ||||||||
Callaway Golf Co. | 3,718 | 60,826 | ||||||
Marine Products Corp. | 8,554 | 119,842 | ||||||
Sturm Ruger & Co., Inc.(a) | 4,008 | 210,420 | ||||||
|
| |||||||
Total Leisure Products | 391,088 | |||||||
Life Sciences Tools & Services – 0.2% | ||||||||
Luminex Corp. | 9,312 | $ | 196,204 | |||||
Machinery – 7.3% | ||||||||
Alamo Group, Inc. | 739 | 81,216 | ||||||
Albany International Corp. Class A | 5,476 | 343,345 | ||||||
Altra Industrial Motion Corp. | 7,397 | 339,892 | ||||||
American Railcar Industries, Inc. | 13,631 | 509,936 | ||||||
Astec Industries, Inc. | 2,974 | 164,105 | ||||||
Briggs & Stratton Corp. | 16,805 | 359,795 | ||||||
Columbus McKinnon Corp. | 1,790 | 64,154 | ||||||
Douglas Dynamics, Inc. | 10,119 | 438,659 | ||||||
Eastern Co. (The) | 1,851 | 52,754 | ||||||
ESCO Technologies, Inc. | 2,361 | 138,237 | ||||||
Federal Signal Corp. | 14,552 | 320,435 | ||||||
Franklin Electric Co., Inc. | 7,878 | 321,028 | ||||||
Gorman-Rupp Co. (The) | 7,400 | 216,450 | ||||||
Graham Corp. | 3,065 | 65,652 | ||||||
Greenbrier Cos., Inc. (The)(a) | 9,175 | 461,044 | ||||||
Hillenbrand, Inc. | 20,100 | 922,590 | ||||||
Hurco Cos., Inc. | 1,124 | 51,592 | ||||||
Hyster-Yale Materials Handling, Inc. | 3,187 | 222,867 | ||||||
Kadant, Inc. | 1,605 | 151,673 | ||||||
Lindsay Corp. | 2,516 | 230,063 | ||||||
Miller Industries, Inc. | 5,722 | 143,050 | ||||||
Mueller Industries, Inc. | 11,537 | 301,808 | ||||||
Mueller Water Products, Inc. Class A | 36,067 | 392,048 | ||||||
Omega Flex, Inc. | 2,559 | 166,591 | ||||||
Park-Ohio Holdings Corp. | 2,599 | 100,971 | ||||||
Standex International Corp. | 1,603 | 152,846 | ||||||
Sun Hydraulics Corp. | 3,013 | 161,376 | ||||||
Tennant Co. | 4,245 | 287,386 | ||||||
Wabash National Corp. | 12,550 | 261,165 | ||||||
|
| |||||||
Total Machinery | 7,422,728 | |||||||
Marine – 0.6% | ||||||||
Matson, Inc. | 21,096 | 604,189 | ||||||
Media – 5.4% | ||||||||
Beasley Broadcast Group, Inc. Class A | 2,501 | 28,261 | ||||||
Entravision Communications Corp. Class A | 23,686 | 111,324 | ||||||
Gannett Co., Inc. | 88,787 | 886,094 | ||||||
John Wiley & Sons, Inc. Class A | 13,626 | 867,976 | ||||||
Meredith Corp. | 16,132 | 867,902 | ||||||
Saga Communications, Inc. Class A | 1,927 | 71,781 | ||||||
Scholastic Corp. | 6,714 | 260,772 | ||||||
Sinclair Broadcast Group, Inc. Class A(a) | 21,617 | 676,612 | ||||||
TEGNA, Inc. | 62,178 | 708,208 | ||||||
Viacom, Inc. Class A(a) | 16,329 | 646,628 | ||||||
World Wrestling Entertainment, Inc. Class A | 8,695 | 313,107 | ||||||
|
| |||||||
Total Media | 5,438,665 | |||||||
Metals & Mining – 4.1% | ||||||||
Carpenter Technology Corp. | 11,507 | 507,689 | ||||||
Commercial Metals Co. | 47,133 | 964,341 | ||||||
Compass Minerals International, Inc.(a) | 24,965 | 1,505,389 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 85 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
March 31, 2018
Investments | Shares | Value | ||||||
Gold Resource Corp. | 5,509 | $ | 24,846 | |||||
Materion Corp. | 3,010 | 153,661 | ||||||
Worthington Industries, Inc. | 22,086 | 947,931 | ||||||
|
| |||||||
Total Metals & Mining | 4,103,857 | |||||||
Multiline Retail – 0.4% | ||||||||
Big Lots, Inc.(a) | 10,042 | 437,128 | ||||||
Oil, Gas & Consumable Fuels – 0.3% | ||||||||
Green Plains, Inc. | 21,100 | 354,480 | ||||||
Paper & Forest Products – 2.9% | ||||||||
Boise Cascade Co. | 4,775 | 184,315 | ||||||
KapStone Paper and Packaging Corp. | 31,396 | 1,077,197 | ||||||
Neenah, Inc. | 5,506 | 431,670 | ||||||
PH Glatfelter Co. | 20,262 | 415,979 | ||||||
Schweitzer-Mauduit International, Inc. | 21,085 | 825,478 | ||||||
|
| |||||||
Total Paper & Forest Products | 2,934,639 | |||||||
Personal Products – 0.9% | ||||||||
Inter Parfums, Inc. | 10,505 | 495,311 | ||||||
Medifast, Inc. | 3,683 | 344,176 | ||||||
Natural Health Trends Corp.(a) | 5,389 | 102,445 | ||||||
|
| |||||||
Total Personal Products | 941,932 | |||||||
Pharmaceuticals – 0.2% | ||||||||
Phibro Animal Health Corp. Class A | 4,210 | 167,137 | ||||||
Professional Services – 2.2% | ||||||||
Barrett Business Services, Inc. | 1,990 | 164,931 | ||||||
Exponent, Inc. | 5,208 | 409,609 | ||||||
Forrester Research, Inc. | 5,336 | 221,177 | ||||||
Insperity, Inc. | 7,609 | 529,206 | ||||||
Kforce, Inc. | 8,572 | 231,873 | ||||||
Korn/Ferry International | 9,536 | 491,962 | ||||||
RPX Corp. | 13,801 | 147,533 | ||||||
|
| |||||||
Total Professional Services | 2,196,291 | |||||||
Real Estate Management & Development – 0.0% | ||||||||
Rafael Holdings, Inc. Class B* | 101 | 487 | ||||||
Road & Rail – 0.5% | ||||||||
ArcBest Corp. | 3,826 | 122,623 | ||||||
Heartland Express, Inc. | 5,154 | 92,721 | ||||||
Werner Enterprises, Inc. | 9,122 | 332,953 | ||||||
|
| |||||||
Total Road & Rail | 548,297 | |||||||
Semiconductors & Semiconductor Equipment – 0.7% | ||||||||
Cabot Microelectronics Corp. | 3,897 | 417,408 | ||||||
Power Integrations, Inc. | 3,944 | 269,572 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 686,980 | |||||||
Software – 0.2% | ||||||||
Ebix, Inc. | 2,149 | 160,101 | ||||||
Specialty Retail – 7.4% | ||||||||
Aaron’s, Inc. | 3,090 | 143,994 | ||||||
American Eagle Outfitters, Inc. | 72,377 | 1,442,474 | ||||||
Buckle, Inc. (The)(a) | 30,558 | 676,860 | ||||||
Caleres, Inc. | 5,239 | 176,030 | ||||||
Chico’s FAS, Inc. | 65,536 | 592,445 | ||||||
Children’s Place, Inc. (The) | 2,887 | $ | 390,467 | |||||
Dick’s Sporting Goods, Inc. | 25,630 | 898,331 | ||||||
DSW, Inc. Class A | 36,718 | 824,686 | ||||||
GameStop Corp. Class A(a) | 94,658 | 1,194,584 | ||||||
Haverty Furniture Cos., Inc. | 7,016 | 141,372 | ||||||
Lithia Motors, Inc. Class A | 2,996 | 301,158 | ||||||
Monro, Inc. | 6,151 | 329,694 | ||||||
Pier 1 Imports, Inc. | 62,212 | 200,323 | ||||||
Shoe Carnival, Inc. | 2,791 | 66,426 | ||||||
Tile Shop Holdings, Inc. | 15,921 | 95,526 | ||||||
|
| |||||||
Total Specialty Retail | 7,474,370 | |||||||
Technology Hardware, Storage & Peripherals – 0.5% | ||||||||
Diebold Nixdorf, Inc.(a) | 29,731 | 457,857 | ||||||
Textiles, Apparel & Luxury Goods – 0.9% | ||||||||
Culp, Inc. | 1,900 | 58,045 | ||||||
Movado Group, Inc. | 3,934 | 151,066 | ||||||
Oxford Industries, Inc. | 3,581 | 266,999 | ||||||
Superior Uniform Group, Inc. | 3,131 | 82,251 | ||||||
Wolverine World Wide, Inc. | 10,793 | 311,918 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 870,279 | |||||||
Thrifts & Mortgage Finance – 0.4% | ||||||||
FS Bancorp, Inc. | 509 | 27,232 | ||||||
Hingham Institution for Savings | 251 | 51,706 | ||||||
United Community Financial Corp. | 14,697 | 144,912 | ||||||
WSFS Financial Corp. | 4,049 | 193,947 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 417,797 | |||||||
Trading Companies & Distributors – 2.6% | ||||||||
Applied Industrial Technologies, Inc. | 12,517 | 912,489 | ||||||
GATX Corp. | 18,367 | 1,257,956 | ||||||
Kaman Corp. | 6,776 | 420,925 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 2,591,370 | |||||||
Water Utilities – 1.4% | ||||||||
American States Water Co. | 11,790 | 625,577 | ||||||
Artesian Resources Corp. Class A | 3,514 | 128,191 | ||||||
Connecticut Water Service, Inc. | 4,399 | 266,272 | ||||||
SJW Group | 4,944 | 260,598 | ||||||
York Water Co. (The) | 4,392 | 136,152 | ||||||
|
| |||||||
Total Water Utilities | 1,416,790 | |||||||
TOTAL COMMON STOCKS (Cost: $100,214,548) | 100,864,146 |
See Notes to Financial Statements.
86 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
March 31, 2018
Investments | Shares | Value | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.9% | ||||||||
United States – 5.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) | ||||||||
(Cost: $5,972,237)(c) | 5,972,237 | $ | 5,972,237 | |||||
TOTAL INVESTMENTS IN SECURITIES – 105.7% (Cost: $106,186,785) | 106,836,383 | |||||||
Other Assets less Liabilities – (5.7)% |
| (5,776,213 | ) | |||||
|
| |||||||
NET ASSETS – 100.0% | $ | 101,060,170 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $7,723,551 and the total market value of the collateral held by the Fund was $7,960,284. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,988,047. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 87 |
Table of Contents
Schedule of Investments
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.7% | ||||||||
United States – 99.7% | ||||||||
Aerospace & Defense – 2.8% | ||||||||
AAR Corp. | 707 | $ | 31,186 | |||||
Arconic, Inc. | 4,513 | 103,980 | ||||||
Boeing Co. (The) | 14,795 | 4,850,985 | ||||||
Curtiss-Wright Corp. | 522 | 70,507 | ||||||
General Dynamics Corp. | 5,934 | 1,310,821 | ||||||
Harris Corp. | 2,750 | 443,520 | ||||||
Hexcel Corp. | 492 | 31,778 | ||||||
Huntington Ingalls Industries, Inc. | 777 | 200,279 | ||||||
L3 Technologies, Inc. | 1,601 | 333,008 | ||||||
Lockheed Martin Corp. | 8,954 | 3,025,825 | ||||||
National Presto Industries, Inc.(a) | 303 | 28,406 | ||||||
Northrop Grumman Corp. | 2,976 | 1,038,981 | ||||||
Orbital ATK, Inc. | 716 | 94,949 | ||||||
Raytheon Co. | 6,159 | 1,329,235 | ||||||
Rockwell Collins, Inc. | 2,154 | 290,467 | ||||||
United Technologies Corp. | 22,299 | 2,805,660 | ||||||
|
| |||||||
Total Aerospace & Defense | 15,989,587 | |||||||
Air Freight & Logistics – 0.6% | ||||||||
C.H. Robinson Worldwide, Inc. | 3,728 | 349,351 | ||||||
Expeditors International of Washington, Inc. | 3,764 | 238,261 | ||||||
FedEx Corp. | 2,629 | 631,249 | ||||||
Forward Air Corp. | 515 | 27,223 | ||||||
United Parcel Service, Inc. Class B | 23,498 | 2,459,301 | ||||||
|
| |||||||
Total Air Freight & Logistics | 3,705,385 | |||||||
Airlines – 0.3% | ||||||||
Alaska Air Group, Inc. | 2,898 | 179,560 | ||||||
Allegiant Travel Co. | 321 | 55,389 | ||||||
American Airlines Group, Inc. | 4,456 | 231,534 | ||||||
Delta Air Lines, Inc. | 20,056 | 1,099,269 | ||||||
Hawaiian Holdings, Inc. | 776 | 30,031 | ||||||
Southwest Airlines Co. | 5,944 | 340,472 | ||||||
|
| |||||||
Total Airlines | 1,936,255 | |||||||
Auto Components – 0.1% | ||||||||
BorgWarner, Inc. | 3,129 | 157,170 | ||||||
Cooper Tire & Rubber Co. | 1,608 | 47,114 | ||||||
Gentex Corp. | 7,677 | 176,725 | ||||||
Goodyear Tire & Rubber Co. (The) | 5,637 | 149,831 | ||||||
LCI Industries | 565 | 58,845 | ||||||
Lear Corp. | 890 | 165,620 | ||||||
|
| |||||||
Total Auto Components | 755,305 | |||||||
Automobiles – 0.9% | ||||||||
Ford Motor Co. | 231,377 | 2,563,657 | ||||||
General Motors Co. | 65,546 | 2,381,942 | ||||||
Harley-Davidson, Inc. | 6,178 | 264,913 | ||||||
Thor Industries, Inc. | 1,056 | 121,619 | ||||||
|
| |||||||
Total Automobiles | 5,332,131 | |||||||
Banks – 8.1% | ||||||||
1st Source Corp. | 1,308 | 66,211 | ||||||
Ames National Corp. | 1,698 | 46,695 | ||||||
Associated Banc-Corp. | 5,599 | 139,135 | ||||||
Bank of America Corp. | 213,089 | 6,390,539 | ||||||
Bank of Hawaii Corp. | 1,069 | 88,834 | ||||||
Bank of Marin Bancorp | 1,087 | 74,949 | ||||||
Bank of the Ozarks, Inc. | 2,899 | 139,935 | ||||||
BankUnited, Inc. | 3,600 | 143,928 | ||||||
Bar Harbor Bankshares | 3,432 | 95,135 | ||||||
BB&T Corp. | 25,188 | 1,310,784 | ||||||
BCB Bancorp, Inc. | 5,546 | 86,795 | ||||||
BOK Financial Corp. | 2,394 | 236,982 | ||||||
Cathay General Bancorp | 3,099 | 123,898 | ||||||
CenterState Bank Corp. | 2,527 | 67,041 | ||||||
Central Valley Community Bancorp | 4,566 | 89,311 | ||||||
Chemical Financial Corp. | 2,003 | 109,524 | ||||||
CIT Group, Inc. | 3,350 | 172,525 | ||||||
Citigroup, Inc. | 54,669 | 3,690,157 | ||||||
Citizens & Northern Corp. | 4,113 | 94,969 | ||||||
Citizens Financial Group, Inc. | 9,312 | 390,918 | ||||||
Columbia Banking System, Inc. | 2,790 | 117,041 | ||||||
Comerica, Inc. | 2,911 | 279,252 | ||||||
Commerce Bancshares, Inc. | 1,552 | 92,980 | ||||||
Community Bank System, Inc. | 1,919 | 102,782 | ||||||
Cullen/Frost Bankers, Inc. | 2,122 | 225,081 | ||||||
CVB Financial Corp. | 4,739 | 107,291 | ||||||
East West Bancorp, Inc. | 3,549 | 221,954 | ||||||
Enterprise Financial Services Corp. | 2,171 | 101,820 | ||||||
Fifth Third Bancorp | 18,223 | 578,580 | ||||||
First Bancshares, Inc. (The) | 1,028 | 33,153 | ||||||
First Business Financial Services, Inc. | 4,014 | 100,992 | ||||||
First Financial Bankshares, Inc. | 1,359 | 62,922 | ||||||
First Guaranty Bancshares, Inc. | 1,627 | 42,286 | ||||||
First Hawaiian, Inc. | 5,592 | 155,625 | ||||||
First Horizon National Corp. | 6,163 | 116,049 | ||||||
First of Long Island Corp. (The) | 2,449 | 67,225 | ||||||
First Republic Bank | 1,545 | 143,082 | ||||||
Flushing Financial Corp. | 1,093 | 29,467 | ||||||
FNB Corp. | 16,567 | 222,826 | ||||||
Fulton Financial Corp. | 7,230 | 128,333 | ||||||
German American Bancorp, Inc. | 1,788 | 59,630 | ||||||
Glacier Bancorp, Inc. | 3,292 | 126,347 | ||||||
Great Southern Bancorp, Inc. | 2,189 | 109,341 | ||||||
Guaranty Bancshares, Inc. | 2,100 | 69,951 | ||||||
Hancock Holding Co. | 1,208 | 62,454 | ||||||
Heartland Financial USA, Inc. | 2,302 | 122,121 | ||||||
Heritage Commerce Corp. | 3,151 | 51,928 | ||||||
Heritage Financial Corp. | 1,649 | 50,459 | ||||||
Home BancShares, Inc. | 4,549 | 103,763 | ||||||
Hope Bancorp, Inc. | 6,725 | 122,328 | ||||||
Huntington Bancshares, Inc. | 36,775 | 555,302 | ||||||
Iberiabank Corp. | 1,889 | 147,342 | ||||||
Independent Bank Corp. | 431 | 30,838 | ||||||
Investors Bancorp, Inc. | 8,709 | 118,791 | ||||||
JPMorgan Chase & Co. | 91,766 | 10,091,507 | ||||||
KeyCorp | 26,166 | 511,545 |
See Notes to Financial Statements.
88 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
Lakeland Bancorp, Inc. | 2,536 | $ | 50,340 | |||||
Lakeland Financial Corp. | 1,592 | 73,598 | ||||||
M&T Bank Corp. | 3,303 | 608,941 | ||||||
MainSource Financial Group, Inc. | 1,458 | 59,268 | ||||||
MB Financial, Inc. | 2,538 | 102,738 | ||||||
MBT Financial Corp. | 3,423 | 36,797 | ||||||
Mercantile Bank Corp. | 1,898 | 63,109 | ||||||
MutualFirst Financial, Inc. | 1,681 | 60,936 | ||||||
National Bankshares, Inc. | 1,530 | 68,927 | ||||||
Northrim BanCorp, Inc. | 1,565 | 54,071 | ||||||
Norwood Financial Corp. | 1,414 | 42,547 | ||||||
Old National Bancorp | 7,353 | 124,266 | ||||||
PacWest Bancorp | 7,465 | 369,741 | ||||||
Park National Corp. | 1,073 | 111,334 | ||||||
People’s United Financial, Inc. | 14,734 | 274,936 | ||||||
PNC Financial Services Group, Inc. (The) | 12,036 | 1,820,325 | ||||||
Premier Financial Bancorp, Inc. | 3,804 | 70,792 | ||||||
Prosperity Bancshares, Inc. | 2,198 | 159,641 | ||||||
RBB Bancorp | 2,762 | 72,834 | ||||||
Regions Financial Corp. | 26,702 | 496,123 | ||||||
Republic Bancorp, Inc. Class A | 1,493 | 57,182 | ||||||
S&T Bancorp, Inc. | 2,529 | 101,008 | ||||||
Sandy Spring Bancorp, Inc. | 3,363 | 130,350 | ||||||
South State Corp. | 802 | 68,411 | ||||||
Summit Financial Group, Inc. | 1,797 | 44,943 | ||||||
SunTrust Banks, Inc. | 13,339 | 907,586 | ||||||
Synovus Financial Corp. | 2,689 | 134,289 | ||||||
TCF Financial Corp. | 4,557 | 103,945 | ||||||
U.S. Bancorp | 44,215 | 2,232,857 | ||||||
UMB Financial Corp. | 1,508 | 109,164 | ||||||
Umpqua Holdings Corp. | 10,388 | 222,407 | ||||||
United Bankshares, Inc. | 6,128 | 216,012 | ||||||
Unity Bancorp, Inc. | 1,817 | 39,974 | ||||||
Valley National Bancorp | 13,989 | 174,303 | ||||||
Webster Financial Corp. | 1,504 | 83,322 | ||||||
Wells Fargo & Co. | 160,420 | 8,407,612 | ||||||
Zions Bancorp | 1,992 | 105,038 | ||||||
|
| |||||||
Total Banks | 46,680,320 | |||||||
Beverages – 2.6% | ||||||||
Brown-Forman Corp. Class A | 4,058 | 216,413 | ||||||
Brown-Forman Corp. Class B | 4,592 | 249,805 | ||||||
Coca-Cola Co. (The) | 172,442 | 7,489,156 | ||||||
Constellation Brands, Inc. Class A | 1,980 | 451,281 | ||||||
Dr. Pepper Snapple Group, Inc. | 5,658 | 669,794 | ||||||
Molson Coors Brewing Co. Class B | 4,945 | 372,507 | ||||||
PepsiCo, Inc. | 48,465 | 5,289,955 | ||||||
|
| |||||||
Total Beverages | 14,738,911 | |||||||
Biotechnology – 2.3% | ||||||||
AbbVie, Inc. | 59,098 | 5,593,625 | ||||||
Amgen, Inc. | 23,383 | 3,986,334 | ||||||
Gilead Sciences, Inc. | 45,556 | 3,434,467 | ||||||
|
| |||||||
Total Biotechnology | 13,014,426 | |||||||
Building Products – 0.1% | ||||||||
A.O. Smith Corp. | 2,471 | 157,131 | ||||||
Fortune Brands Home & Security, Inc. | 2,319 | 136,566 | ||||||
Lennox International, Inc. | 648 | 132,432 | ||||||
Masco Corp. | 4,892 | 197,832 | ||||||
Owens Corning | 2,294 | 184,438 | ||||||
|
| |||||||
Total Building Products | 808,399 | |||||||
Capital Markets – 3.0% | ||||||||
Ameriprise Financial, Inc. | 4,091 | 605,223 | ||||||
Artisan Partners Asset Management, Inc. Class A | 2,924 | 97,369 | ||||||
Bank of New York Mellon Corp. (The) | 21,554 | 1,110,678 | ||||||
BGC Partners, Inc. Class A | 18,288 | 245,974 | ||||||
BlackRock, Inc. | 4,059 | 2,198,842 | ||||||
CBOE Global Markets, Inc. | 1,547 | 176,513 | ||||||
Charles Schwab Corp. (The) | 11,129 | 581,156 | ||||||
CME Group, Inc. | 7,307 | 1,181,834 | ||||||
Cohen & Steers, Inc. | 1,578 | 64,161 | ||||||
Eaton Vance Corp. | 3,600 | 200,412 | ||||||
Evercore, Inc. Class A | 1,147 | 100,018 | ||||||
FactSet Research Systems, Inc. | 661 | 131,817 | ||||||
Federated Investors, Inc. Class B | 4,607 | 153,874 | ||||||
Franklin Resources, Inc. | 12,984 | 450,285 | ||||||
GAMCO Investors, Inc. Class A | 2,922 | 72,553 | ||||||
Goldman Sachs Group, Inc. (The) | 5,642 | 1,420,994 | ||||||
Intercontinental Exchange, Inc. | 7,720 | 559,854 | ||||||
Legg Mason, Inc. | 3,998 | 162,519 | ||||||
LPL Financial Holdings, Inc. | 2,701 | 164,950 | ||||||
MarketAxess Holdings, Inc. | 153 | 33,268 | ||||||
Moody’s Corp. | 2,844 | 458,737 | ||||||
Morgan Stanley | 41,730 | 2,251,751 | ||||||
MSCI, Inc. | 1,455 | 217,479 | ||||||
Nasdaq, Inc. | 3,789 | 326,688 | ||||||
Northern Trust Corp. | 4,701 | 484,814 | ||||||
Raymond James Financial, Inc. | 2,275 | 203,408 | ||||||
S&P Global, Inc. | 3,314 | 633,173 | ||||||
SEI Investments Co. | 2,496 | 186,975 | ||||||
Silvercrest Asset Management Group, Inc. Class A | 1,907 | 28,986 | ||||||
State Street Corp. | 8,329 | 830,651 | ||||||
T. Rowe Price Group, Inc. | 7,243 | 782,027 | ||||||
TD Ameritrade Holding Corp. | 10,476 | 620,493 | ||||||
Virtu Financial, Inc. Class A(a) | 6,294 | 207,702 | ||||||
Waddell & Reed Financial, Inc. Class A(a) | 5,501 | 111,175 | ||||||
|
| |||||||
Total Capital Markets | 17,056,353 | |||||||
Chemicals – 2.1% | ||||||||
Air Products & Chemicals, Inc. | 5,927 | 942,571 | ||||||
Albemarle Corp. | 1,783 | 165,356 | ||||||
Ashland Global Holdings, Inc. | 984 | 68,673 | ||||||
Cabot Corp. | 2,140 | 119,241 | ||||||
Celanese Corp. Series A | 3,045 | 305,140 | ||||||
CF Industries Holdings, Inc. | 9,186 | 346,588 | ||||||
Chemours Co. (The) | 1,468 | 71,506 | ||||||
Core Molding Technologies, Inc. | 1,489 | 26,549 | ||||||
DowDuPont, Inc. | 62,878 | 4,005,957 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 89 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
Eastman Chemical Co. | 4,476 | $ | 472,576 | |||||
Ecolab, Inc. | 3,823 | 524,019 | ||||||
FMC Corp. | 1,906 | 145,942 | ||||||
Hawkins, Inc. | 1,595 | 56,064 | ||||||
Huntsman Corp. | 6,896 | 201,708 | ||||||
International Flavors & Fragrances, Inc. | 1,853 | 253,694 | ||||||
Kronos Worldwide, Inc. | 4,195 | 94,807 | ||||||
Monsanto Co. | 9,925 | 1,158,148 | ||||||
Mosaic Co. (The) | 1,646 | 39,965 | ||||||
NewMarket Corp. | 212 | 85,156 | ||||||
Olin Corp. | 5,898 | 179,240 | ||||||
PPG Industries, Inc. | 4,679 | 522,176 | ||||||
Praxair, Inc. | 7,585 | 1,094,516 | ||||||
Quaker Chemical Corp. | 195 | 28,885 | ||||||
Rayonier Advanced Materials, Inc. | 2,476 | 53,160 | ||||||
RPM International, Inc. | 3,857 | 183,863 | ||||||
Scotts Miracle-Gro Co. (The) | 1,744 | 149,548 | ||||||
Sensient Technologies Corp. | 1,256 | 88,649 | ||||||
Sherwin-Williams Co. (The) | 1,138 | 446,233 | ||||||
Valhi, Inc. | 10,601 | 64,242 | ||||||
Westlake Chemical Corp. | 1,847 | 205,294 | ||||||
|
| |||||||
Total Chemicals | 12,099,466 | |||||||
Commercial Services & Supplies – 0.6% | ||||||||
ABM Industries, Inc. | 1,050 | 35,154 | ||||||
Cintas Corp. | 1,626 | 277,363 | ||||||
Covanta Holding Corp. | 8,632 | 125,164 | ||||||
Deluxe Corp. | 1,480 | 109,535 | ||||||
Healthcare Services Group, Inc. | 2,597 | 112,917 | ||||||
HNI Corp. | 3,039 | 109,677 | ||||||
KAR Auction Services, Inc. | 5,033 | 272,789 | ||||||
LSC Communications, Inc. | 4,808 | 83,900 | ||||||
McGrath RentCorp | 968 | 51,972 | ||||||
Mobile Mini, Inc. | 1,000 | 43,500 | ||||||
MSA Safety, Inc. | 1,672 | 139,177 | ||||||
Pitney Bowes, Inc. | 16,428 | 178,901 | ||||||
Republic Services, Inc. | 9,017 | 597,196 | ||||||
Rollins, Inc. | 3,694 | 188,505 | ||||||
RR Donnelley & Sons Co. | 9,079 | 79,260 | ||||||
UniFirst Corp. | 184 | 29,744 | ||||||
Waste Management, Inc. | 11,479 | 965,613 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 3,400,367 | |||||||
Communications Equipment – 1.5% | ||||||||
Cisco Systems, Inc. | 189,503 | 8,127,783 | ||||||
Juniper Networks, Inc. | 6,618 | 161,016 | ||||||
Motorola Solutions, Inc. | 4,366 | 459,740 | ||||||
PC-Tel, Inc.* | 4,010 | 28,792 | ||||||
|
| |||||||
Total Communications Equipment | 8,777,331 | |||||||
Construction & Engineering – 0.1% | ||||||||
EMCOR Group, Inc. | 539 | 42,004 | ||||||
Fluor Corp. | 3,248 | 185,851 | ||||||
KBR, Inc. | 2,788 | 45,138 | ||||||
|
| |||||||
Total Construction & Engineering | 272,993 | |||||||
Construction Materials – 0.1% | ||||||||
Martin Marietta Materials, Inc. | 686 | 142,208 | ||||||
Vulcan Materials Co. | 1,031 | 117,709 | ||||||
|
| |||||||
Total Construction Materials | 259,917 | |||||||
Consumer Finance – 0.7% | ||||||||
Ally Financial, Inc. | 8,965 | 243,400 | ||||||
American Express Co. | 15,306 | 1,427,744 | ||||||
Capital One Financial Corp. | 9,879 | 946,606 | ||||||
Discover Financial Services | 8,422 | 605,794 | ||||||
Navient Corp. | 17,044 | 223,617 | ||||||
Nelnet, Inc. Class A | 741 | 38,836 | ||||||
Synchrony Financial | 15,238 | 510,930 | ||||||
|
| |||||||
Total Consumer Finance | 3,996,927 | |||||||
Containers & Packaging – 0.5% | ||||||||
AptarGroup, Inc. | 1,514 | 136,003 | ||||||
Avery Dennison Corp. | 2,109 | 224,081 | ||||||
Ball Corp. | 4,365 | 173,334 | ||||||
Bemis Co., Inc. | 3,248 | 141,353 | ||||||
Graphic Packaging Holding Co. | 8,764 | 134,527 | ||||||
Greif, Inc. Class A | 2,135 | 111,554 | ||||||
International Paper Co. | 16,552 | 884,373 | ||||||
Myers Industries, Inc. | 1,756 | 37,139 | ||||||
Packaging Corp. of America | 2,990 | 336,973 | ||||||
Sealed Air Corp. | 3,230 | 138,212 | ||||||
Sonoco Products Co. | 4,061 | 196,959 | ||||||
WestRock Co. | 9,277 | 595,305 | ||||||
|
| |||||||
Total Containers & Packaging | 3,109,813 | |||||||
Distributors – 0.1% | ||||||||
Genuine Parts Co. | 4,946 | 444,349 | ||||||
Pool Corp. | 770 | 112,589 | ||||||
Weyco Group, Inc. | 1,932 | 64,915 | ||||||
|
| |||||||
Total Distributors | 621,853 | |||||||
Diversified Consumer Services – 0.1% | ||||||||
H&R Block, Inc. | 7,851 | 199,494 | ||||||
Liberty Tax, Inc. | 3,569 | 36,047 | ||||||
Service Corp. International | 5,126 | 193,455 | ||||||
|
| |||||||
Total Diversified Consumer Services | 428,996 | |||||||
Diversified Financial Services – 0.0% | ||||||||
Leucadia National Corp. | 7,453 | 169,407 | ||||||
Diversified Telecommunication Services – 4.9% | ||||||||
AT&T, Inc. | 408,064 | 14,547,482 | ||||||
CenturyLink, Inc. | 159,174 | 2,615,229 | ||||||
Cogent Communications Holdings, Inc. | 2,886 | 125,252 | ||||||
Consolidated Communications Holdings, Inc. | 12,269 | 134,468 | ||||||
Verizon Communications, Inc. | 234,488 | 11,213,216 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 28,635,647 | |||||||
Electric Utilities – 3.2% | ||||||||
ALLETE, Inc. | 2,545 | 183,876 | ||||||
Alliant Energy Corp. | 8,613 | 351,927 | ||||||
American Electric Power Co., Inc. | 20,149 | 1,382,020 | ||||||
Avangrid, Inc. | 14,669 | 749,879 |
See Notes to Financial Statements.
90 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
Duke Energy Corp. | 34,271 | $ | 2,654,974 | |||||
Edison International | 11,793 | 750,742 | ||||||
El Paso Electric Co. | 2,487 | 126,837 | ||||||
Entergy Corp. | 8,515 | 670,812 | ||||||
Eversource Energy | 11,751 | 692,369 | ||||||
Exelon Corp. | 38,232 | 1,491,430 | ||||||
FirstEnergy Corp. | 22,968 | 781,142 | ||||||
Great Plains Energy, Inc. | 9,922 | 315,420 | ||||||
Hawaiian Electric Industries, Inc. | 4,807 | 165,265 | ||||||
IDACORP, Inc. | 2,128 | 187,839 | ||||||
NextEra Energy, Inc. | 14,870 | 2,428,717 | ||||||
OGE Energy Corp. | 8,334 | 273,105 | ||||||
Otter Tail Corp. | 2,945 | 127,666 | ||||||
Pinnacle West Capital Corp. | 4,273 | 340,985 | ||||||
PNM Resources, Inc. | 3,755 | 143,629 | ||||||
Portland General Electric Co. | 3,185 | 129,024 | ||||||
PPL Corp. | 37,523 | 1,061,526 | ||||||
Southern Co. (The) | 55,665 | 2,485,999 | ||||||
Westar Energy, Inc. | 4,708 | 247,594 | ||||||
Xcel Energy, Inc. | 18,345 | 834,331 | ||||||
|
| |||||||
Total Electric Utilities | 18,577,108 | |||||||
Electrical Equipment – 0.4% | ||||||||
AMETEK, Inc. | 2,165 | 164,475 | ||||||
Emerson Electric Co. | 22,612 | 1,544,399 | ||||||
General Cable Corp. | 2,775 | 82,140 | ||||||
Hubbell, Inc. | 1,787 | 217,621 | ||||||
Rockwell Automation, Inc. | 3,179 | 553,782 | ||||||
|
| |||||||
Total Electrical Equipment | 2,562,417 | |||||||
Electronic Equipment, Instruments & Components – 0.4% | ||||||||
Amphenol Corp. Class A | 3,607 | 310,671 | ||||||
Avnet, Inc. | 2,274 | 94,962 | ||||||
AVX Corp. | 7,591 | 125,631 | ||||||
CDW Corp. | 2,278 | 160,166 | ||||||
Corning, Inc. | 22,736 | 633,880 | ||||||
Daktronics, Inc. | 6,651 | 58,595 | ||||||
FLIR Systems, Inc. | 3,024 | 151,230 | ||||||
Jabil, Inc. | 4,047 | 116,270 | ||||||
Littelfuse, Inc. | 152 | 31,644 | ||||||
Methode Electronics, Inc. | 710 | 27,761 | ||||||
MTS Systems Corp. | 1,139 | 58,829 | ||||||
National Instruments Corp. | 4,216 | 213,203 | ||||||
Park Electrochemical Corp. | 3,022 | 50,891 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 2,033,733 | |||||||
Energy Equipment & Services – 0.3% | ||||||||
Archrock, Inc. | 7,294 | 63,822 | ||||||
Baker Hughes Co. | 13,918 | 386,503 | ||||||
Halliburton Co. | 18,365 | 862,053 | ||||||
Helmerich & Payne, Inc. | 6,816 | 453,673 | ||||||
|
| |||||||
Total Energy Equipment & Services | 1,766,051 | |||||||
Equity Real Estate Investment Trusts (REITs) – 7.9% | ||||||||
Acadia Realty Trust | 6,539 | 160,859 | ||||||
Alexander’s, Inc. | 223 | 85,014 | ||||||
Alexandria Real Estate Equities, Inc. | 2,804 | 350,192 | ||||||
American Assets Trust, Inc. | 2,815 | 94,049 | ||||||
American Campus Communities, Inc. | 7,469 | 288,453 | ||||||
American Homes 4 Rent Class A | 5,048 | 101,364 | ||||||
American Tower Corp. | 10,104 | 1,468,515 | ||||||
Apartment Investment & Management Co. Class A | 5,699 | 232,234 | ||||||
Apple Hospitality REIT, Inc. | 17,870 | 313,976 | ||||||
AvalonBay Communities, Inc. | 4,972 | 817,695 | ||||||
Boston Properties, Inc. | 4,354 | 536,500 | ||||||
Brandywine Realty Trust | 8,834 | 140,284 | ||||||
Brixmor Property Group, Inc. | 26,599 | 405,635 | ||||||
Camden Property Trust | 3,743 | 315,086 | ||||||
CBL & Associates Properties, Inc.(a) | 35,606 | 148,477 | ||||||
Chesapeake Lodging Trust | 4,074 | 113,298 | ||||||
Colony NorthStar, Inc. Class A | 65,912 | 370,425 | ||||||
Columbia Property Trust, Inc. | 5,924 | 121,205 | ||||||
Community Healthcare Trust, Inc. | 3,622 | 93,230 | ||||||
CoreCivic, Inc. | 11,612 | 226,666 | ||||||
CoreSite Realty Corp. | 1,252 | 125,526 | ||||||
Corporate Office Properties Trust | 5,445 | 140,644 | ||||||
Cousins Properties, Inc. | 15,419 | 133,837 | ||||||
Crown Castle International Corp. | 19,038 | 2,086,755 | ||||||
CubeSmart | 7,147 | 201,545 | ||||||
CyrusOne, Inc. | 3,552 | 181,898 | ||||||
DCT Industrial Trust, Inc. | 3,325 | 187,331 | ||||||
DDR Corp. | 55,129 | 404,096 | ||||||
DiamondRock Hospitality Co. | 14,195 | 148,196 | ||||||
Digital Realty Trust, Inc. | 8,824 | 929,873 | ||||||
Douglas Emmett, Inc. | 5,134 | 188,726 | ||||||
Duke Realty Corp. | 12,759 | 337,858 | ||||||
EastGroup Properties, Inc. | 1,989 | 164,411 | ||||||
Education Realty Trust, Inc. | 5,142 | 168,401 | ||||||
EPR Properties | 5,403 | 299,326 | ||||||
Equinix, Inc. | 1,577 | 659,407 | ||||||
Equity LifeStyle Properties, Inc. | 2,692 | 236,277 | ||||||
Equity Residential | 13,460 | 829,405 | ||||||
Essex Property Trust, Inc. | 2,157 | 519,147 | ||||||
Extra Space Storage, Inc. | 6,017 | 525,645 | ||||||
Federal Realty Investment Trust | 2,685 | 311,755 | ||||||
First Industrial Realty Trust, Inc. | 4,350 | 127,151 | ||||||
Forest City Realty Trust, Inc. Class A | 6,924 | 140,280 | ||||||
Franklin Street Properties Corp. | 18,976 | 159,588 | ||||||
Gaming and Leisure Properties, Inc. | 17,907 | 599,347 | ||||||
GEO Group, Inc. (The) | 11,326 | 231,843 | ||||||
GGP, Inc. | 44,437 | 909,181 | ||||||
Global Net Lease, Inc. | 11,196 | 188,988 | ||||||
Government Properties Income Trust | 12,626 | 172,471 | ||||||
Gramercy Property Trust | 10,715 | 232,837 | ||||||
HCP, Inc. | 33,204 | 771,329 | ||||||
Healthcare Realty Trust, Inc. | 5,380 | 149,080 | ||||||
Healthcare Trust of America, Inc. Class A | 8,102 | 214,298 | ||||||
Highwoods Properties, Inc. | 4,233 | 185,490 | ||||||
Hospitality Properties Trust | 14,101 | 357,319 | ||||||
Host Hotels & Resorts, Inc. | 35,137 | 654,954 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 91 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
Hudson Pacific Properties, Inc. | 5,810 | $ | 188,999 | |||||
Investors Real Estate Trust | 23,238 | 120,605 | ||||||
Invitation Homes, Inc. | 6,855 | 156,500 | ||||||
Iron Mountain, Inc. | 19,064 | 626,443 | ||||||
JBG SMITH Properties | 3,662 | 123,446 | ||||||
Kilroy Realty Corp. | 2,437 | 172,930 | ||||||
Kimco Realty Corp. | 35,517 | 511,445 | ||||||
Kite Realty Group Trust | 10,445 | 159,077 | ||||||
Lamar Advertising Co. Class A | 4,509 | 287,043 | ||||||
LaSalle Hotel Properties | 10,204 | 296,018 | ||||||
Lexington Realty Trust | 22,971 | 180,782 | ||||||
Liberty Property Trust | 8,581 | 340,923 | ||||||
Life Storage, Inc. | 3,051 | 254,820 | ||||||
LTC Properties, Inc. | 2,833 | 107,654 | ||||||
Macerich Co. (The) | 8,067 | 451,913 | ||||||
Mack-Cali Realty Corp. | 6,938 | 115,934 | ||||||
Medical Properties Trust, Inc. | 31,978 | 415,714 | ||||||
Mid-America Apartment Communities, Inc. | 4,169 | 380,380 | ||||||
Monmouth Real Estate Investment Corp. | 6,523 | 98,106 | ||||||
National Health Investors, Inc. | 2,449 | 164,793 | ||||||
National Retail Properties, Inc. | 8,450 | 331,747 | ||||||
Omega Healthcare Investors, Inc.(a) | 23,806 | 643,714 | ||||||
One Liberty Properties, Inc. | 4,892 | 108,113 | ||||||
Outfront Media, Inc. | 11,811 | 221,338 | ||||||
Paramount Group, Inc. | 10,714 | 152,567 | ||||||
Park Hotels & Resorts, Inc. | 15,778 | 426,322 | ||||||
Pebblebrook Hotel Trust | 4,440 | 152,514 | ||||||
Pennsylvania Real Estate Investment Trust(a) | 12,487 | 120,500 | ||||||
Physicians Realty Trust | 11,858 | 184,629 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 9,222 | 162,215 | ||||||
PotlatchDeltic Corp. | 2,511 | 130,698 | ||||||
Prologis, Inc. | 19,029 | 1,198,637 | ||||||
PS Business Parks, Inc. | 1,202 | 135,874 | ||||||
Public Storage | 7,827 | 1,568,453 | ||||||
QTS Realty Trust, Inc. Class A | 1,875 | 67,913 | ||||||
Ramco-Gershenson Properties Trust | 9,484 | 117,222 | ||||||
Rayonier, Inc. | 5,487 | 193,033 | ||||||
Realty Income Corp. | 15,166 | 784,537 | ||||||
Regency Centers Corp. | 6,295 | 371,279 | ||||||
Retail Opportunity Investments Corp. | 7,266 | 128,390 | ||||||
Retail Properties of America, Inc. Class A | 17,327 | 202,033 | ||||||
Rexford Industrial Realty, Inc. | 967 | 27,840 | ||||||
RLJ Lodging Trust | 14,781 | 287,343 | ||||||
Ryman Hospitality Properties, Inc. | 2,874 | 222,591 | ||||||
Sabra Health Care REIT, Inc. | 22,890 | 404,009 | ||||||
Safety Income & Growth, Inc.(a) | 5,384 | 86,090 | ||||||
Select Income REIT | 10,381 | 202,222 | ||||||
Senior Housing Properties Trust | 23,198 | 363,281 | ||||||
Simon Property Group, Inc. | 17,487 | 2,699,118 | ||||||
SL Green Realty Corp. | 3,918 | 379,380 | ||||||
Spirit Realty Capital, Inc. | 52,560 | 407,866 | ||||||
STAG Industrial, Inc. | 6,133 | 146,701 | ||||||
STORE Capital Corp. | 10,851 | 269,322 | ||||||
Summit Hotel Properties, Inc. | 7,886 | 107,328 | ||||||
Sun Communities, Inc. | 3,091 | 282,425 | ||||||
Sunstone Hotel Investors, Inc. | 2,724 | 41,459 | ||||||
Tanger Factory Outlet Centers, Inc.(a) | 8,666 | 190,652 | ||||||
Taubman Centers, Inc. | 3,740 | 212,843 | ||||||
UDR, Inc. | 10,673 | 380,172 | ||||||
Uniti Group, Inc.(a) | 25,804 | 419,315 | ||||||
Urban Edge Properties | 6,223 | 132,861 | ||||||
Ventas, Inc. | 20,950 | 1,037,653 | ||||||
VEREIT, Inc. | 86,035 | 598,804 | ||||||
Vornado Realty Trust | 7,441 | 500,779 | ||||||
W.P. Carey, Inc. | 7,078 | 438,765 | ||||||
Washington Prime Group, Inc. | 37,698 | 251,446 | ||||||
Washington Real Estate Investment Trust | 4,594 | 125,416 | ||||||
Weingarten Realty Investors | 8,204 | 230,368 | ||||||
Welltower, Inc. | 23,671 | 1,288,413 | ||||||
Weyerhaeuser Co. | 32,933 | 1,152,655 | ||||||
Xenia Hotels & Resorts, Inc. | 7,934 | 156,458 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 45,856,200 | |||||||
Food & Staples Retailing – 2.3% | ||||||||
Casey’s General Stores, Inc. | 448 | 49,177 | ||||||
Costco Wholesale Corp. | 5,716 | 1,077,066 | ||||||
CVS Health Corp. | 34,592 | 2,151,968 | ||||||
Kroger Co. (The) | 20,679 | 495,055 | ||||||
Sysco Corp. | 15,700 | 941,372 | ||||||
Walgreens Boots Alliance, Inc. | 27,442 | 1,796,628 | ||||||
Walmart, Inc. | 78,543 | 6,987,971 | ||||||
Weis Markets, Inc. | 1,402 | 57,454 | ||||||
|
| |||||||
Total Food & Staples Retailing | 13,556,691 | |||||||
Food Products – 2.0% | ||||||||
Alico, Inc. | 921 | 25,051 | ||||||
Archer-Daniels-Midland Co. | 21,608 | 937,139 | ||||||
B&G Foods, Inc.(a) | 4,765 | 112,930 | ||||||
Calavo Growers, Inc. | 416 | 38,355 | ||||||
Campbell Soup Co. | 10,827 | 468,917 | ||||||
Conagra Brands, Inc. | 11,485 | 423,567 | ||||||
Dean Foods Co. | 6,525 | 56,245 | ||||||
Flowers Foods, Inc. | 8,445 | 184,608 | ||||||
General Mills, Inc. | 24,744 | 1,114,965 | ||||||
Hershey Co. (The) | 4,460 | 441,362 | ||||||
Hormel Foods Corp.(a) | 13,647 | 468,365 | ||||||
Ingredion, Inc. | 1,538 | 198,279 | ||||||
J&J Snack Foods Corp. | 198 | 27,039 | ||||||
J.M. Smucker Co. (The) | 3,805 | 471,858 | ||||||
John B. Sanfilippo & Son, Inc. | 712 | 41,203 | ||||||
Kellogg Co. | 14,040 | 912,740 | ||||||
Kraft Heinz Co. (The) | 48,509 | 3,021,626 | ||||||
Lamb Weston Holdings, Inc. | 1,708 | 99,440 | ||||||
Lancaster Colony Corp. | 777 | 95,680 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 3,622 | 385,345 | ||||||
Mondelez International, Inc. Class A | 38,052 | 1,587,910 | ||||||
Pinnacle Foods, Inc. | 3,461 | 187,240 | ||||||
Tyson Foods, Inc. Class A | 4,900 | 358,631 | ||||||
|
| |||||||
Total Food Products | 11,658,495 |
See Notes to Financial Statements.
92 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
Gas Utilities – 0.3% | ||||||||
Atmos Energy Corp. | 2,924 | $ | 246,318 | |||||
National Fuel Gas Co. | 2,931 | 150,800 | ||||||
New Jersey Resources Corp. | 2,374 | 95,197 | ||||||
Northwest Natural Gas Co. | 1,992 | 114,839 | ||||||
ONE Gas, Inc. | 1,658 | 109,461 | ||||||
South Jersey Industries, Inc. | 3,864 | 108,810 | ||||||
Southwest Gas Holdings, Inc. | 1,023 | 69,186 | ||||||
Spire, Inc. | 2,168 | 156,747 | ||||||
UGI Corp. | 4,158 | 184,698 | ||||||
WGL Holdings, Inc. | 2,143 | 179,262 | ||||||
|
| |||||||
Total Gas Utilities | 1,415,318 | |||||||
Health Care Equipment & Supplies – 1.1% | ||||||||
Abaxis, Inc. | 901 | 63,629 | ||||||
Abbott Laboratories | 42,131 | 2,524,489 | ||||||
Analogic Corp. | 548 | 52,553 | ||||||
Baxter International, Inc. | 6,921 | 450,142 | ||||||
Becton, Dickinson and Co. | 4,088 | 885,870 | ||||||
Danaher Corp. | 5,007 | 490,235 | ||||||
Dentsply Sirona, Inc. | 886 | 44,575 | ||||||
Meridian Bioscience, Inc. | 4,351 | 61,784 | ||||||
ResMed, Inc. | 3,297 | 324,656 | ||||||
Stryker Corp. | 5,269 | 847,887 | ||||||
Teleflex, Inc. | 404 | 103,012 | ||||||
Zimmer Biomet Holdings, Inc. | 1,941 | 211,647 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 6,060,479 | |||||||
Health Care Providers & Services – 1.3% | ||||||||
Aetna, Inc. | 4,214 | 712,166 | ||||||
AmerisourceBergen Corp. | 4,431 | 381,997 | ||||||
Anthem, Inc. | 4,247 | 933,066 | ||||||
Cardinal Health, Inc. | 12,246 | 767,579 | ||||||
Chemed Corp. | 195 | 53,208 | ||||||
Encompass Health Corp. | 2,951 | 168,709 | ||||||
Humana, Inc. | 1,074 | 288,723 | ||||||
McKesson Corp. | 2,405 | 338,792 | ||||||
Owens & Minor, Inc. | 5,475 | 85,136 | ||||||
Patterson Cos., Inc. | 3,091 | 68,713 | ||||||
Psychemedics Corp. | 1,454 | 30,069 | ||||||
Quest Diagnostics, Inc. | 3,236 | 324,571 | ||||||
UnitedHealth Group, Inc. | 16,272 | 3,482,208 | ||||||
|
| |||||||
Total Health Care Providers & Services | 7,634,937 | |||||||
Hotels, Restaurants & Leisure – 2.3% | ||||||||
Aramark | 3,440 | 136,086 | ||||||
Brinker International, Inc.(a) | 2,894 | 104,473 | ||||||
Choice Hotels International, Inc. | 1,229 | 98,504 | ||||||
Churchill Downs, Inc. | 271 | 66,138 | ||||||
Cracker Barrel Old Country Store, Inc.(a) | 791 | 125,927 | ||||||
Darden Restaurants, Inc. | 4,298 | 366,405 | ||||||
Dine Brands Global, Inc. | 2,450 | 160,671 | ||||||
Domino’s Pizza, Inc. | 594 | 138,735 | ||||||
Dunkin’ Brands Group, Inc. | 2,468 | 147,315 | ||||||
Hilton Worldwide Holdings, Inc. | 4,112 | 323,861 | ||||||
ILG, Inc. | 5,142 | 159,968 | ||||||
Jack in the Box, Inc. | 338 | 28,842 | ||||||
Las Vegas Sands Corp. | 41,236 | 2,964,868 | ||||||
Marcus Corp. (The) | 1,075 | 32,626 | ||||||
Marriott International, Inc. Class A | 5,390 | 732,932 | ||||||
McDonald’s Corp. | 23,686 | 3,704,017 | ||||||
MGM Resorts International | 7,719 | 270,319 | ||||||
Ruth’s Hospitality Group, Inc. | 1,393 | 34,059 | ||||||
Six Flags Entertainment Corp. | 4,361 | 271,516 | ||||||
Starbucks Corp. | 35,472 | 2,053,474 | ||||||
Texas Roadhouse, Inc. | 2,104 | 121,569 | ||||||
Vail Resorts, Inc. | 936 | 207,511 | ||||||
Wendy’s Co. (The) | 7,208 | 126,500 | ||||||
Wyndham Worldwide Corp. | 3,326 | 380,594 | ||||||
Wynn Resorts Ltd. | 1,433 | 261,322 | ||||||
Yum! Brands, Inc. | 6,452 | 549,259 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 13,567,491 | |||||||
Household Durables – 0.3% | ||||||||
Bassett Furniture Industries, Inc. | 828 | 25,130 | ||||||
CSS Industries, Inc. | 2,189 | 38,308 | ||||||
D.R. Horton, Inc. | 5,717 | 250,633 | ||||||
Leggett & Platt, Inc. | 4,752 | 210,799 | ||||||
Lennar Corp. Class B | 1,061 | 50,599 | ||||||
MDC Holdings, Inc. | 3,672 | 102,522 | ||||||
Newell Brands, Inc. | 18,763 | 478,081 | ||||||
PulteGroup, Inc. | 6,156 | 181,540 | ||||||
Tupperware Brands Corp. | 2,787 | 134,835 | ||||||
Whirlpool Corp. | 2,683 | 410,794 | ||||||
|
| |||||||
Total Household Durables | 1,883,241 | |||||||
Household Products – 2.0% | ||||||||
Church & Dwight Co., Inc. | 4,856 | 244,548 | ||||||
Clorox Co. (The) | 3,839 | 511,009 | ||||||
Colgate-Palmolive Co. | 23,659 | 1,695,877 | ||||||
Energizer Holdings, Inc. | 1,757 | 104,682 | ||||||
Kimberly-Clark Corp. | 13,848 | 1,525,080 | ||||||
Oil-Dri Corp. of America | 645 | 25,923 | ||||||
Procter & Gamble Co. (The) | 95,939 | 7,606,044 | ||||||
Spectrum Brands Holdings, Inc.(a) | 947 | 98,204 | ||||||
|
| |||||||
Total Household Products | 11,811,367 | |||||||
Independent Power & Renewable Electricity Producers – 0.1% | ||||||||
AES Corp. | 40,455 | 459,974 | ||||||
NRG Energy, Inc. | 2,093 | 63,899 | ||||||
Ormat Technologies, Inc. | 473 | 26,668 | ||||||
Pattern Energy Group, Inc. Class A | 8,901 | 153,898 | ||||||
|
| |||||||
Total Independent Power & Renewable Electricity Producers | 704,439 | |||||||
Industrial Conglomerates – 1.8% | ||||||||
3M Co. | 14,833 | 3,256,140 | ||||||
Carlisle Cos., Inc. | 1,032 | 107,751 | ||||||
General Electric Co. | 294,211 | 3,965,964 | ||||||
Honeywell International, Inc. | 18,521 | 2,676,470 | ||||||
Raven Industries, Inc. | 880 | 30,844 | ||||||
Roper Technologies, Inc. | 938 | 263,287 | ||||||
|
| |||||||
Total Industrial Conglomerates | 10,300,456 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 93 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
Insurance – 2.5% | ||||||||
Aflac, Inc. | 22,242 | $ | 973,310 | |||||
Allstate Corp. (The) | 7,351 | 696,875 | ||||||
American Financial Group, Inc. | 1,643 | 184,377 | ||||||
American International Group, Inc. | 23,070 | 1,255,469 | ||||||
American National Insurance Co. | 467 | 54,620 | ||||||
AMERISAFE, Inc. | 567 | 31,327 | ||||||
AmTrust Financial Services, Inc. | 19,871 | 244,612 | ||||||
Arthur J. Gallagher & Co. | 5,924 | 407,157 | ||||||
Assurant, Inc. | 1,673 | 152,929 | ||||||
Brown & Brown, Inc. | 5,210 | 132,542 | ||||||
Cincinnati Financial Corp. | 5,379 | 399,445 | ||||||
CNA Financial Corp. | 8,332 | 411,184 | ||||||
CNO Financial Group, Inc. | 4,136 | 89,627 | ||||||
Erie Indemnity Co. Class A | 1,460 | 171,754 | ||||||
First American Financial Corp. | 4,877 | 286,182 | ||||||
FNF Group | 9,396 | 376,028 | ||||||
Hanover Insurance Group, Inc. (The) | 1,349 | 159,034 | ||||||
Hartford Financial Services Group, Inc. (The) | 8,413 | 433,438 | ||||||
Horace Mann Educators Corp. | 664 | 28,386 | ||||||
Infinity Property & Casualty Corp. | 403 | 47,715 | ||||||
Lincoln National Corp. | 4,804 | 350,980 | ||||||
Loews Corp. | 1,164 | 57,886 | ||||||
Marsh & McLennan Cos., Inc. | 11,329 | 935,662 | ||||||
Mercury General Corp. | 3,224 | 147,885 | ||||||
MetLife, Inc. | 38,217 | 1,753,778 | ||||||
Old Republic International Corp. | 12,857 | 275,783 | ||||||
Principal Financial Group, Inc. | 9,614 | 585,589 | ||||||
ProAssurance Corp. | 1,863 | 90,449 | ||||||
Progressive Corp. (The) | 9,625 | 586,451 | ||||||
Prudential Financial, Inc. | 13,250 | 1,372,038 | ||||||
Reinsurance Group of America, Inc. | 1,452 | 223,608 | ||||||
RLI Corp. | 513 | 32,519 | ||||||
Safety Insurance Group, Inc. | 914 | 70,241 | ||||||
Torchmark Corp. | 1,371 | 115,397 | ||||||
Travelers Cos., Inc. (The) | 7,306 | 1,014,511 | ||||||
Unum Group | 5,878 | 279,852 | ||||||
W.R. Berkley Corp. | 1,379 | 100,253 | ||||||
|
| |||||||
Total Insurance | 14,528,893 | |||||||
Internet & Catalog Retail – 0.0% | ||||||||
Expedia Group, Inc. | 1,678 | 185,268 | ||||||
Nutrisystem, Inc. | 1,739 | 46,866 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 232,134 | |||||||
Internet Software & Services – 0.0% | ||||||||
j2 Global, Inc. | 1,335 | 105,358 | ||||||
Reis, Inc. | 966 | 20,721 | ||||||
|
| |||||||
Total Internet Software & Services | 126,079 | |||||||
IT Services – 2.7% | ||||||||
Alliance Data Systems Corp. | 610 | 129,845 | ||||||
Automatic Data Processing, Inc. | 11,912 | 1,351,774 | ||||||
Booz Allen Hamilton Holding Corp. | 3,400 | 131,648 | ||||||
Broadridge Financial Solutions, Inc. | 2,972 | 325,999 | ||||||
Cass Information Systems, Inc. | 875 | 52,071 | ||||||
Cognizant Technology Solutions Corp. Class A | 5,271 | 424,316 | ||||||
Convergys Corp. | 2,023 | 45,760 | ||||||
CSRA, Inc. | 3,544 | 146,119 | ||||||
DST Systems, Inc. | 1,102 | 92,182 | ||||||
DXC Technology Co. | 1,848 | 185,779 | ||||||
Fidelity National Information Services, Inc. | 5,062 | 487,471 | ||||||
International Business Machines Corp. | 44,570 | 6,838,375 | ||||||
Jack Henry & Associates, Inc. | 1,551 | 187,593 | ||||||
Leidos Holdings, Inc. | 4,393 | 287,302 | ||||||
ManTech International Corp. Class A | 801 | 44,431 | ||||||
MasterCard, Inc. Class A | 8,090 | 1,417,044 | ||||||
Paychex, Inc. | 13,007 | 801,101 | ||||||
Sabre Corp. | 10,320 | 221,364 | ||||||
Science Applications International Corp. | 951 | 74,939 | ||||||
Total System Services, Inc. | 2,123 | 183,130 | ||||||
Visa, Inc. Class A | 16,040 | 1,918,705 | ||||||
Western Union Co. (The) | 20,189 | 388,235 | ||||||
|
| |||||||
Total IT Services | 15,735,183 | |||||||
Leisure Products – 0.1% | ||||||||
Brunswick Corp. | 1,630 | 96,806 | ||||||
Escalade, Inc. | 1,881 | 25,770 | ||||||
Hasbro, Inc. | 3,742 | 315,450 | ||||||
Marine Products Corp. | 2,013 | 28,202 | ||||||
Polaris Industries, Inc. | 1,592 | 182,316 | ||||||
|
| |||||||
Total Leisure Products | 648,544 | |||||||
Life Sciences Tools & Services – 0.1% | ||||||||
Agilent Technologies, Inc. | 4,073 | 272,484 | ||||||
Bio-Techne Corp. | 770 | 116,301 | ||||||
Luminex Corp. | 2,110 | 44,458 | ||||||
Thermo Fisher Scientific, Inc. | 1,736 | 358,414 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 791,657 | |||||||
Machinery – 1.7% | ||||||||
Albany International Corp. Class A | 763 | 47,840 | ||||||
Allison Transmission Holdings, Inc. | 3,845 | 150,186 | ||||||
Caterpillar, Inc. | 16,442 | 2,423,222 | ||||||
Crane Co. | 1,700 | 157,658 | ||||||
Cummins, Inc. | 5,488 | 889,550 | ||||||
Deere & Co. | 6,988 | 1,085,376 | ||||||
Donaldson Co., Inc. | 3,212 | 144,701 | ||||||
Dover Corp. | 4,091 | 401,818 | ||||||
Flowserve Corp. | 2,794 | 121,064 | ||||||
Fortive Corp. | 2,211 | 171,397 | ||||||
Graco, Inc. | 3,613 | 165,186 | ||||||
Graham Corp. | 2,263 | 48,474 | ||||||
Greenbrier Cos., Inc. (The)(a) | 862 | 43,316 | ||||||
Hurco Cos., Inc. | 714 | 32,773 | ||||||
IDEX Corp. | 1,627 | 231,864 | ||||||
Illinois Tool Works, Inc. | 8,187 | 1,282,575 | ||||||
Kennametal, Inc. | 2,313 | 92,890 | ||||||
Lincoln Electric Holdings, Inc. | 1,770 | 159,212 | ||||||
Lindsay Corp. | 325 | 29,718 | ||||||
Nordson Corp. | 1,106 | 150,792 |
See Notes to Financial Statements.
94 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
Oshkosh Corp. | 1,334 | $ | 103,078 | |||||
PACCAR, Inc. | 6,106 | 404,034 | ||||||
Parker-Hannifin Corp. | 2,695 | 460,926 | ||||||
Snap-on, Inc. | 1,234 | 182,064 | ||||||
Stanley Black & Decker, Inc. | 3,256 | 498,819 | ||||||
Timken Co. (The) | 2,854 | 130,142 | ||||||
Toro Co. (The) | 2,176 | 135,891 | ||||||
Trinity Industries, Inc. | 3,202 | 104,481 | ||||||
Xylem, Inc. | 2,811 | 216,222 | ||||||
|
| |||||||
Total Machinery | 10,065,269 | |||||||
Media – 2.1% | ||||||||
AMC Entertainment Holdings, Inc. Class A(a) | 5,942 | 83,485 | ||||||
CBS Corp. Class A | 2,108 | 108,941 | ||||||
CBS Corp. Class B Non-Voting Shares | 4,538 | 233,208 | ||||||
Cinemark Holdings, Inc. | 4,708 | 177,350 | ||||||
Comcast Corp. Class A | 95,512 | 3,263,645 | ||||||
Entercom Communications Corp. Class A(a) | 6,885 | 66,440 | ||||||
Gannett Co., Inc. | 10,303 | 102,824 | ||||||
Interpublic Group of Cos., Inc. (The) | 17,615 | 405,673 | ||||||
John Wiley & Sons, Inc. Class A | 1,623 | 103,385 | ||||||
Meredith Corp. | 2,084 | 112,119 | ||||||
New Media Investment Group, Inc. | 4,137 | 70,908 | ||||||
News Corp. Class A | 10,443 | 164,999 | ||||||
Nexstar Media Group, Inc. Class A(a) | 854 | 56,791 | ||||||
Omnicom Group, Inc. | 9,488 | 689,493 | ||||||
Sinclair Broadcast Group, Inc. Class A(a) | 2,645 | 82,789 | ||||||
Sirius XM Holdings, Inc.(a) | 50,416 | 314,596 | ||||||
TEGNA, Inc. | 6,531 | 74,388 | ||||||
Time Warner, Inc. | 16,860 | 1,594,619 | ||||||
Tribune Media Co. Class A | 3,664 | 148,429 | ||||||
Twenty-First Century Fox, Inc. Class A | 12,869 | 472,164 | ||||||
Twenty-First Century Fox, Inc. Class B | 13,909 | 505,870 | ||||||
Viacom, Inc. Class B | 14,179 | 440,400 | ||||||
Walt Disney Co. (The) | 29,899 | 3,003,056 | ||||||
|
| |||||||
Total Media | 12,275,572 | |||||||
Metals & Mining – 0.3% | ||||||||
Commercial Metals Co. | 4,164 | 85,195 | ||||||
Compass Minerals International, Inc.(a) | 2,215 | 133,564 | ||||||
Kaiser Aluminum Corp. | 444 | 44,800 | ||||||
Newmont Mining Corp. | 6,025 | 235,397 | ||||||
Nucor Corp. | 10,284 | 628,250 | ||||||
Reliance Steel & Aluminum Co. | 2,200 | 188,628 | ||||||
Royal Gold, Inc. | 1,051 | 90,249 | ||||||
Steel Dynamics, Inc. | 5,173 | 228,750 | ||||||
United States Steel Corp. | 1,448 | 50,955 | ||||||
Worthington Industries, Inc. | 1,718 | 73,737 | ||||||
|
| |||||||
Total Metals & Mining | 1,759,525 | |||||||
Multi-Utilities – 1.6% | ||||||||
Ameren Corp. | 9,531 | 539,740 | ||||||
Avista Corp. | 1,181 | 60,526 | ||||||
Black Hills Corp. | 2,416 | 131,189 | ||||||
CenterPoint Energy, Inc. | 20,381 | 558,439 | ||||||
CMS Energy Corp. | 8,719 | 394,883 | ||||||
Consolidated Edison, Inc. | 12,180 | 949,309 | ||||||
Dominion Energy, Inc. | 28,883 | 1,947,581 | ||||||
DTE Energy Co. | 6,679 | 697,288 | ||||||
MDU Resources Group, Inc. | 6,943 | 195,515 | ||||||
NiSource, Inc. | 10,479 | 250,553 | ||||||
NorthWestern Corp. | 2,405 | 129,389 | ||||||
Public Service Enterprise Group, Inc. | 21,408 | 1,075,538 | ||||||
SCANA Corp. | 10,195 | 382,822 | ||||||
Sempra Energy | 8,257 | 918,344 | ||||||
Vectren Corp. | 3,379 | 215,986 | ||||||
WEC Energy Group, Inc. | 11,991 | 751,836 | ||||||
|
| |||||||
Total Multi-Utilities | 9,198,938 | |||||||
Multiline Retail – 0.7% | ||||||||
Big Lots, Inc.(a) | 1,084 | 47,186 | ||||||
Dollar General Corp. | 3,821 | 357,455 | ||||||
Kohl’s Corp. | 9,433 | 617,956 | ||||||
Macy’s, Inc. | 23,279 | 692,317 | ||||||
Nordstrom, Inc. | 6,976 | 337,708 | ||||||
Target Corp. | 27,325 | 1,897,175 | ||||||
|
| |||||||
Total Multiline Retail | 3,949,797 | |||||||
Oil, Gas & Consumable Fuels – 7.3% | ||||||||
Anadarko Petroleum Corp. | 3,252 | 196,453 | ||||||
Andeavor | 4,332 | 435,626 | ||||||
Apache Corp. | 12,077 | 464,723 | ||||||
Cabot Oil & Gas Corp. | 3,267 | 78,343 | ||||||
Chevron Corp. | 84,807 | 9,671,390 | ||||||
Cimarex Energy Co. | 343 | 32,070 | ||||||
ConocoPhillips | 30,111 | 1,785,281 | ||||||
CVR Energy, Inc.(a) | 7,165 | 216,526 | ||||||
Delek U.S. Holdings, Inc. | 2,346 | 95,482 | ||||||
Devon Energy Corp. | 4,656 | 148,014 | ||||||
EOG Resources, Inc. | 4,520 | 475,820 | ||||||
EQT Corp. | 835 | 39,671 | ||||||
Evolution Petroleum Corp. | 4,303 | 34,639 | ||||||
Exxon Mobil Corp. | 196,234 | 14,641,019 | ||||||
Hess Corp. | 8,779 | 444,393 | ||||||
HollyFrontier Corp. | 6,511 | 318,127 | ||||||
Kinder Morgan, Inc. | 78,814 | 1,186,939 | ||||||
Marathon Oil Corp. | 15,382 | 248,112 | ||||||
Marathon Petroleum Corp. | 15,452 | 1,129,696 | ||||||
Murphy Oil Corp. | 8,423 | 217,650 | ||||||
Noble Energy, Inc. | 9,890 | 299,667 | ||||||
Occidental Petroleum Corp. | 42,279 | 2,746,444 | ||||||
ONEOK, Inc. | 26,440 | 1,504,965 | ||||||
Panhandle Oil and Gas, Inc. Class A | 1,445 | 27,889 | ||||||
PBF Energy, Inc. Class A | 5,147 | 174,483 | ||||||
Phillips 66 | 17,756 | 1,703,156 | ||||||
Range Resources Corp.(a) | 4,450 | 64,703 | ||||||
SemGroup Corp. Class A | 7,670 | 164,138 | ||||||
Targa Resources Corp. | 21,587 | 949,828 | ||||||
Valero Energy Corp. | 17,545 | 1,627,650 | ||||||
Williams Cos., Inc. (The) | 42,984 | 1,068,582 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 95 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
World Fuel Services Corp. | 1,763 | $ | 43,282 | |||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 42,234,761 | |||||||
Paper & Forest Products – 0.1% | ||||||||
Domtar Corp. | 3,038 | 129,236 | ||||||
KapStone Paper and Packaging Corp. | 3,149 | 108,042 | ||||||
Schweitzer-Mauduit International, Inc. | 998 | 39,072 | ||||||
|
| |||||||
Total Paper & Forest Products | 276,350 | |||||||
Personal Products – 0.2% | ||||||||
Coty, Inc. Class A | 26,534 | 485,572 | ||||||
Estee Lauder Cos., Inc. (The) Class A | 3,818 | 571,631 | ||||||
Inter Parfums, Inc. | 677 | 31,921 | ||||||
Medifast, Inc. | 410 | 38,315 | ||||||
Nu Skin Enterprises, Inc. Class A | 1,819 | 134,078 | ||||||
|
| |||||||
Total Personal Products | 1,261,517 | |||||||
Pharmaceuticals – 5.5% | ||||||||
Bristol-Myers Squibb Co. | 50,331 | 3,183,436 | ||||||
Eli Lilly & Co. | 32,875 | 2,543,539 | ||||||
Johnson & Johnson | 79,687 | 10,211,889 | ||||||
Merck & Co., Inc. | 117,116 | 6,379,308 | ||||||
Pfizer, Inc. | 265,382 | 9,418,407 | ||||||
Zoetis, Inc. | 4,037 | 337,130 | ||||||
|
| |||||||
Total Pharmaceuticals | 32,073,709 | |||||||
Professional Services – 0.2% | ||||||||
CRA International, Inc. | 674 | 35,243 | ||||||
Dun & Bradstreet Corp. (The) | 933 | 109,161 | ||||||
Equifax, Inc. | 1,907 | 224,664 | ||||||
Forrester Research, Inc. | 788 | 32,663 | ||||||
Heidrick & Struggles International, Inc. | 1,364 | 42,625 | ||||||
Kelly Services, Inc. Class A | 1,056 | 30,666 | ||||||
Kforce, Inc. | 1,386 | 37,491 | ||||||
ManpowerGroup, Inc. | 1,535 | 176,679 | ||||||
Resources Connection, Inc. | 3,546 | 57,445 | ||||||
Robert Half International, Inc. | 2,754 | 159,429 | ||||||
|
| |||||||
Total Professional Services | 906,066 | |||||||
Real Estate Management & Development – 0.1% | ||||||||
Griffin Industrial Realty, Inc. | 1,663 | 62,412 | ||||||
Jones Lang LaSalle, Inc. | 196 | 34,230 | ||||||
Kennedy-Wilson Holdings, Inc. | 9,923 | 172,660 | ||||||
Realogy Holdings Corp.(a) | 2,781 | 75,866 | ||||||
|
| |||||||
Total Real Estate Management & Development | 345,168 | |||||||
Road & Rail – 0.9% | ||||||||
Celadon Group, Inc. | 2,170 | 8,029 | ||||||
CSX Corp. | 16,747 | 932,975 | ||||||
JB Hunt Transport Services, Inc. | 1,580 | 185,097 | ||||||
Kansas City Southern | 1,344 | 147,638 | ||||||
Norfolk Southern Corp. | 6,457 | 876,732 | ||||||
Old Dominion Freight Line, Inc. | 227 | 33,362 | ||||||
Ryder System, Inc. | 1,702 | 123,889 | ||||||
Union Pacific Corp. | 20,258 | 2,723,283 | ||||||
Universal Logistics Holdings, Inc. | 1,291 | 27,305 | ||||||
|
| |||||||
Total Road & Rail | 5,058,310 | |||||||
Semiconductors & Semiconductor Equipment – 3.4% | ||||||||
Analog Devices, Inc. | 9,109 | 830,103 | ||||||
Applied Materials, Inc. | 11,725 | 652,027 | ||||||
Brooks Automation, Inc. | 2,592 | 70,191 | ||||||
Cabot Microelectronics Corp. | 325 | 34,811 | ||||||
Cypress Semiconductor Corp. | 13,463 | 228,333 | ||||||
Intel Corp. | 145,188 | 7,561,391 | ||||||
KLA-Tencor Corp. | 4,711 | 513,546 | ||||||
Lam Research Corp. | 2,360 | 479,458 | ||||||
Maxim Integrated Products, Inc. | 10,023 | 603,585 | ||||||
Microchip Technology, Inc.(a) | 5,437 | 496,724 | ||||||
NVE Corp. | 382 | 31,748 | ||||||
NVIDIA Corp. | 2,518 | 583,144 | ||||||
QUALCOMM, Inc. | 65,117 | 3,608,133 | ||||||
Skyworks Solutions, Inc. | 2,862 | 286,944 | ||||||
Teradyne, Inc. | 2,614 | 119,486 | ||||||
Texas Instruments, Inc. | 30,578 | 3,176,748 | ||||||
Xilinx, Inc. | 6,441 | 465,298 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 19,741,670 | |||||||
Software – 4.0% | ||||||||
Activision Blizzard, Inc. | 5,000 | 337,300 | ||||||
CA, Inc. | 16,040 | 543,756 | ||||||
CDK Global, Inc. | 1,249 | 79,112 | ||||||
Intuit, Inc. | 3,370 | 584,189 | ||||||
Microsoft Corp. | 192,484 | 17,568,015 | ||||||
Oracle Corp. | 78,592 | 3,595,584 | ||||||
SS&C Technologies Holdings, Inc. | 2,231 | 119,671 | ||||||
Symantec Corp. | 9,121 | 235,778 | ||||||
TiVo Corp. | 6,570 | 89,023 | ||||||
|
| |||||||
Total Software | 23,152,428 | |||||||
Specialty Retail – 2.1% | ||||||||
Abercrombie & Fitch Co. Class A | 5,134 | 124,294 | ||||||
American Eagle Outfitters, Inc. | 8,374 | 166,894 | ||||||
Barnes & Noble, Inc. | 13,984 | 69,221 | ||||||
Bed Bath & Beyond, Inc. | 6,379 | 133,895 | ||||||
Best Buy Co., Inc. | 8,147 | 570,209 | ||||||
Cato Corp. (The) Class A | 4,816 | 70,988 | ||||||
Chico’s FAS, Inc. | 10,274 | 92,877 | ||||||
Children’s Place, Inc. (The) | 245 | 33,136 | ||||||
Dick’s Sporting Goods, Inc. | 3,303 | 115,770 | ||||||
DSW, Inc. Class A | 4,463 | 100,239 | ||||||
Foot Locker, Inc. | 4,557 | 207,526 | ||||||
GameStop Corp. Class A(a) | 11,656 | 147,099 | ||||||
Gap, Inc. (The) | 12,476 | 389,251 | ||||||
Guess?, Inc. | 4,553 | 94,429 | ||||||
Haverty Furniture Cos., Inc. | 1,855 | 37,378 | ||||||
Home Depot, Inc. (The) | 28,253 | 5,035,815 | ||||||
L Brands, Inc. | 14,886 | 568,794 | ||||||
Lowe’s Cos., Inc. | 19,602 | 1,720,075 | ||||||
Office Depot, Inc. | 24,918 | 53,574 | ||||||
Penske Automotive Group, Inc. | 3,033 | 134,453 | ||||||
Pier 1 Imports, Inc. | 12,338 | 39,728 | ||||||
Ross Stores, Inc. | 3,812 | 297,260 |
See Notes to Financial Statements.
96 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Total Dividend Fund (DTD)
March 31, 2018
Investments | Shares | Value | ||||||
Tailored Brands, Inc. | 3,263 | $ | 81,771 | |||||
Tiffany & Co. | 3,079 | 300,695 | ||||||
TJX Cos., Inc. (The) | 13,073 | 1,066,234 | ||||||
Tractor Supply Co. | 2,542 | 160,197 | ||||||
Williams-Sonoma, Inc.(a) | 3,303 | 174,266 | ||||||
|
| |||||||
Total Specialty Retail | 11,986,068 | |||||||
Technology Hardware, Storage & Peripherals – 3.4% | ||||||||
Apple, Inc. | 95,297 | 15,988,931 | ||||||
Hewlett Packard Enterprise Co. | 41,897 | 734,873 | ||||||
HP, Inc. | 56,666 | 1,242,119 | ||||||
NetApp, Inc. | 5,032 | 310,424 | ||||||
Western Digital Corp. | 9,068 | 836,704 | ||||||
Xerox Corp. | 10,126 | 291,426 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 19,404,477 | |||||||
Textiles, Apparel & Luxury Goods – 0.6% | ||||||||
Carter’s, Inc. | 657 | 68,394 | ||||||
Columbia Sportswear Co. | 1,550 | 118,466 | ||||||
Culp, Inc. | 1,679 | 51,293 | ||||||
Hanesbrands, Inc.(a) | 12,879 | 237,231 | ||||||
NIKE, Inc. Class B | 20,804 | 1,382,218 | ||||||
Ralph Lauren Corp. | 1,577 | 176,309 | ||||||
Tapestry, Inc. | 10,794 | 567,872 | ||||||
VF Corp. | 12,273 | 909,675 | ||||||
Wolverine World Wide, Inc. | 1,424 | 41,154 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 3,552,612 | |||||||
Thrifts & Mortgage Finance – 0.2% | ||||||||
Capitol Federal Financial, Inc. | 6,781 | 83,745 | ||||||
ESSA Bancorp, Inc. | 6,808 | 99,873 | ||||||
Meta Financial Group, Inc. | 326 | 35,599 | ||||||
New York Community Bancorp, Inc. | 34,520 | 449,796 | ||||||
Northwest Bancshares, Inc. | 6,587 | 109,081 | ||||||
Provident Financial Holdings, Inc. | 5,660 | 102,389 | ||||||
Provident Financial Services, Inc. | 4,253 | 108,834 | ||||||
Southern Missouri Bancorp, Inc. | 765 | 27,999 | ||||||
TFS Financial Corp. | 14,829 | 217,838 | ||||||
Washington Federal, Inc. | 3,434 | 118,817 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 1,353,971 | |||||||
Tobacco – 2.3% | ||||||||
Altria Group, Inc. | 87,675 | 5,463,906 | ||||||
Philip Morris International, Inc. | 77,644 | 7,717,814 | ||||||
Universal Corp. | 1,431 | 69,403 | ||||||
Vector Group Ltd. | 13,923 | 283,890 | ||||||
|
| |||||||
Total Tobacco | 13,535,013 | |||||||
Trading Companies & Distributors – 0.2% | ||||||||
Applied Industrial Technologies, Inc. | 782 | 57,008 | ||||||
Fastenal Co. | 8,275 | 451,732 | ||||||
GATX Corp. | 1,533 | 104,995 | ||||||
Kaman Corp. | 707 | 43,919 | ||||||
MSC Industrial Direct Co., Inc. Class A | 1,138 | 104,366 | ||||||
W.W. Grainger, Inc. | 1,522 | 429,615 | ||||||
Watsco, Inc. | 890 | 161,063 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 1,352,698 | |||||||
Transportation Infrastructure – 0.1% | ||||||||
Macquarie Infrastructure Corp. | 9,949 | 367,417 | ||||||
Water Utilities – 0.1% | ||||||||
American Water Works Co., Inc. | 3,978 | 326,713 | ||||||
Aqua America, Inc. | 6,253 | 212,977 | ||||||
Artesian Resources Corp. Class A | 776 | 28,309 | ||||||
Global Water Resources, Inc. | 3,179 | 28,516 | ||||||
Middlesex Water Co. | 709 | 26,020 | ||||||
York Water Co. (The) | 862 | 26,722 | ||||||
|
| |||||||
Total Water Utilities | 649,257 | |||||||
Wireless Telecommunication Services – 0.0% | ||||||||
Shenandoah Telecommunications Co. | 862 | 31,032 | ||||||
Telephone & Data Systems, Inc. | 4,016 | 112,568 | ||||||
|
| |||||||
Total Wireless Telecommunication Services | 143,600 | |||||||
TOTAL COMMON STOCKS (Cost: $468,971,834) | 577,884,895 | |||||||
EXCHANGE-TRADED FUND – 0.0% | ||||||||
United States – 0.0% | ||||||||
WisdomTree U.S. Total Earnings Fund(b) (Cost: $10,364) | 357 | 11,117 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% | ||||||||
United States – 0.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c) | ||||||||
(Cost: $1,550,841)(d) | 1,550,841 | 1,550,841 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.0% (Cost: $470,533,039) | 579,446,853 | |||||||
Other Assets less Liabilities – (0.0)% | (215,345 | ) | ||||||
|
| |||||||
NET ASSETS – 100.0% | $ | 579,231,508 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Affiliated company (See Note 3). |
(c) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(d) | At March 31, 2018, the total market value of the Fund’s securities on loan was $4,376,439 and the total market value of the collateral held by the Fund was $4,494,137. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $2,943,296. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 97 |
Table of Contents
Schedule of Investments
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.8% | ||||||||
United States – 99.8% | ||||||||
Aerospace & Defense – 2.8% | ||||||||
AAR Corp. | 194 | $ | 8,557 | |||||
Boeing Co. (The) | 1,420 | 465,590 | ||||||
BWX Technologies, Inc. | 107 | 6,798 | ||||||
Curtiss-Wright Corp. | 134 | 18,099 | ||||||
Esterline Technologies Corp.* | 122 | 8,924 | ||||||
General Dynamics Corp. | 928 | 204,995 | ||||||
Harris Corp. | 252 | 40,643 | ||||||
HEICO Corp. | 207 | 17,970 | ||||||
Hexcel Corp. | 296 | 19,119 | ||||||
Huntington Ingalls Industries, Inc. | 145 | 37,375 | ||||||
KLX, Inc.* | 131 | 9,309 | ||||||
L3 Technologies, Inc. | 200 | 41,600 | ||||||
Lockheed Martin Corp. | 703 | 237,565 | ||||||
Mercury Systems, Inc.* | 109 | 5,267 | ||||||
Moog, Inc. Class A* | 137 | 11,290 | ||||||
Northrop Grumman Corp. | 475 | 165,832 | ||||||
Orbital ATK, Inc. | 121 | 16,046 | ||||||
Raytheon Co. | 677 | 146,110 | ||||||
Rockwell Collins, Inc. | 306 | 41,264 | ||||||
Spirit AeroSystems Holdings, Inc. Class A | 230 | 19,251 | ||||||
Teledyne Technologies, Inc.* | 59 | 11,043 | ||||||
Textron, Inc. | 752 | 44,345 | ||||||
TransDigm Group, Inc. | 107 | 32,843 | ||||||
Triumph Group, Inc. | 447 | 11,264 | ||||||
United Technologies Corp. | 2,600 | 327,132 | ||||||
|
| |||||||
Total Aerospace & Defense | 1,948,231 | |||||||
Air Freight & Logistics – 0.6% | ||||||||
C.H. Robinson Worldwide, Inc. | 321 | 30,081 | ||||||
Expeditors International of Washington, Inc. | 391 | 24,750 | ||||||
FedEx Corp. | 753 | 180,803 | ||||||
Forward Air Corp. | 155 | 8,193 | ||||||
United Parcel Service, Inc. Class B | 1,841 | 192,679 | ||||||
XPO Logistics, Inc.* | 139 | 14,152 | ||||||
|
| |||||||
Total Air Freight & Logistics | 450,658 | |||||||
Airlines – 1.0% | ||||||||
Alaska Air Group, Inc. | 672 | 41,637 | ||||||
Allegiant Travel Co. | 65 | 11,216 | ||||||
American Airlines Group, Inc. | 2,319 | 120,495 | ||||||
Delta Air Lines, Inc. | 4,125 | 226,091 | ||||||
Hawaiian Holdings, Inc. | 274 | 10,604 | ||||||
JetBlue Airways Corp.* | 1,804 | 36,657 | ||||||
Southwest Airlines Co. | 2,031 | 116,336 | ||||||
Spirit Airlines, Inc.* | 340 | 12,845 | ||||||
United Continental Holdings, Inc.* | 1,852 | 128,659 | ||||||
|
| |||||||
Total Airlines | 704,540 | |||||||
Auto Components – 0.5% | ||||||||
American Axle & Manufacturing Holdings, Inc.* | 991 | 15,083 | ||||||
BorgWarner, Inc. | 356 | 17,882 | ||||||
Cooper Tire & Rubber Co. | 380 | 11,134 | ||||||
Cooper-Standard Holdings, Inc.* | 87 | $ | 10,685 | |||||
Dana, Inc. | 1,342 | 34,570 | ||||||
Dorman Products, Inc.* | 127 | 8,409 | ||||||
Fox Factory Holding Corp.* | 154 | 5,375 | ||||||
Gentex Corp. | 1,072 | 24,677 | ||||||
Gentherm, Inc.* | 194 | 6,586 | ||||||
Goodyear Tire & Rubber Co. (The) | 1,887 | 50,156 | ||||||
LCI Industries | 48 | 4,999 | ||||||
Lear Corp. | 379 | 70,528 | ||||||
Modine Manufacturing Co.* | 313 | 6,620 | ||||||
Standard Motor Products, Inc. | 169 | 8,039 | ||||||
Stoneridge, Inc.* | 391 | 10,792 | ||||||
Tenneco, Inc. | 308 | 16,900 | ||||||
Tower International, Inc. | 250 | 6,938 | ||||||
Visteon Corp.* | 101 | 11,134 | ||||||
|
| |||||||
Total Auto Components | 320,507 | |||||||
Automobiles – 0.9% | ||||||||
Ford Motor Co. | 21,623 | 239,583 | ||||||
General Motors Co. | 10,167 | 369,469 | ||||||
Harley-Davidson, Inc. | 671 | 28,772 | ||||||
Thor Industries, Inc. | 177 | 20,385 | ||||||
|
| |||||||
Total Automobiles | 658,209 | |||||||
Banks – 10.3% | ||||||||
1st Source Corp. | 226 | 11,440 | ||||||
Ameris Bancorp | 198 | 10,474 | ||||||
Associated Banc-Corp. | 600 | 14,910 | ||||||
Banc of California, Inc.(a) | 387 | 7,469 | ||||||
BancFirst Corp. | 147 | 7,806 | ||||||
BancorpSouth Bank | 377 | 11,989 | ||||||
Bank of America Corp. | 40,550 | 1,216,095 | ||||||
Bank of Hawaii Corp. | 139 | 11,551 | ||||||
Bank of the Ozarks, Inc. | 470 | 22,687 | ||||||
BankUnited, Inc. | 368 | 14,713 | ||||||
Banner Corp. | 165 | 9,156 | ||||||
BB&T Corp. | 2,686 | 139,779 | ||||||
Berkshire Hills Bancorp, Inc. | 168 | 6,376 | ||||||
BOK Financial Corp. | 147 | 14,552 | ||||||
Boston Private Financial Holdings, Inc. | 637 | 9,587 | ||||||
Brookline Bancorp, Inc. | 140 | 2,268 | ||||||
Camden National Corp. | 270 | 12,015 | ||||||
Cathay General Bancorp | 334 | 13,353 | ||||||
CenterState Bank Corp. | 108 | 2,865 | ||||||
Central Pacific Financial Corp. | 375 | 10,673 | ||||||
Chemical Financial Corp. | 221 | 12,084 | ||||||
CIT Group, Inc. | 306 | 15,759 | ||||||
Citigroup, Inc. | 11,433 | 771,728 | ||||||
Citizens Financial Group, Inc. | 1,825 | 76,614 | ||||||
City Holding Co. | 179 | 12,272 | ||||||
CoBiz Financial, Inc. | 568 | 11,133 | ||||||
Codorus Valley Bancorp, Inc. | 133 | 3,740 | ||||||
Comerica, Inc. | 579 | 55,543 | ||||||
Commerce Bancshares, Inc. | 330 | 19,770 | ||||||
Cullen/Frost Bankers, Inc. | 219 | 23,229 |
See Notes to Financial Statements.
98 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
CVB Financial Corp. | 432 | $ | 9,780 | |||||
East West Bancorp, Inc. | 527 | 32,959 | ||||||
Enterprise Financial Services Corp. | 297 | 13,929 | ||||||
FB Financial Corp.* | 195 | 7,915 | ||||||
FCB Financial Holdings, Inc. Class A* | 221 | 11,293 | ||||||
Fifth Third Bancorp | 3,951 | 125,444 | ||||||
First Bancorp | 26 | 927 | ||||||
First Busey Corp. | 315 | 9,362 | ||||||
First Citizens BancShares, Inc. Class A | 34 | 14,050 | ||||||
First Financial Bankshares, Inc. | 210 | 9,723 | ||||||
First Foundation, Inc.* | 572 | 10,605 | ||||||
First Hawaiian, Inc. | 433 | 12,050 | ||||||
First Horizon National Corp. | 657 | 12,371 | ||||||
First Merchants Corp. | 243 | 10,133 | ||||||
First Republic Bank | 445 | 41,211 | ||||||
Flushing Financial Corp. | 316 | 8,519 | ||||||
FNB Corp. | 894 | 12,024 | ||||||
Fulton Financial Corp. | 277 | 4,917 | ||||||
German American Bancorp, Inc. | 245 | 8,171 | ||||||
Glacier Bancorp, Inc. | 285 | 10,938 | ||||||
Great Southern Bancorp, Inc. | 32 | 1,598 | ||||||
Great Western Bancorp, Inc. | 284 | 11,437 | ||||||
Guaranty Bancorp | 479 | 13,580 | ||||||
Hancock Holding Co. | 269 | 13,907 | ||||||
Hanmi Financial Corp. | 367 | 11,285 | ||||||
Heartland Financial USA, Inc. | 219 | 11,618 | ||||||
Heritage Financial Corp. | 377 | 11,536 | ||||||
Hilltop Holdings, Inc. | 489 | 11,472 | ||||||
Home BancShares, Inc. | 474 | 10,812 | ||||||
Hope Bancorp, Inc. | 480 | 8,731 | ||||||
Horizon Bancorp | 363 | 10,894 | ||||||
Huntington Bancshares, Inc. | 3,250 | 49,075 | ||||||
Iberiabank Corp. | 143 | 11,154 | ||||||
Independent Bank Corp. | 736 | 22,206 | ||||||
International Bancshares Corp. | 153 | 5,952 | ||||||
Investors Bancorp, Inc. | 886 | 12,085 | ||||||
JPMorgan Chase & Co. | 14,052 | 1,545,298 | ||||||
KeyCorp | 3,913 | 76,499 | ||||||
Lakeland Bancorp, Inc. | 481 | 9,548 | ||||||
Lakeland Financial Corp. | 266 | 12,297 | ||||||
M&T Bank Corp. | 422 | 77,800 | ||||||
MainSource Financial Group, Inc. | 35 | 1,423 | ||||||
MB Financial, Inc. | 280 | 11,334 | ||||||
National Bank Holdings Corp. Class A | 345 | 11,471 | ||||||
National Commerce Corp.* | 289 | 12,586 | ||||||
Old National Bancorp | 574 | 9,701 | ||||||
Pacific Premier Bancorp, Inc.* | 188 | 7,558 | ||||||
PacWest Bancorp | 425 | 21,050 | ||||||
Park National Corp. | 45 | 4,669 | ||||||
Peapack Gladstone Financial Corp. | 19 | 634 | ||||||
People’s United Financial, Inc. | 857 | 15,992 | ||||||
Pinnacle Financial Partners, Inc. | 169 | 10,850 | ||||||
PNC Financial Services Group, Inc. (The) | 1,715 | 259,377 | ||||||
Popular, Inc. | 318 | 13,235 | ||||||
Preferred Bank | 22 | $ | 1,412 | |||||
Prosperity Bancshares, Inc. | 241 | 17,504 | ||||||
Regions Financial Corp. | 4,201 | 78,055 | ||||||
Renasant Corp. | 208 | 8,852 | ||||||
Republic Bancorp, Inc. Class A | 180 | 6,894 | ||||||
S&T Bancorp, Inc. | 267 | 10,664 | ||||||
Sandy Spring Bancorp, Inc. | 331 | 12,830 | ||||||
Seacoast Banking Corp. of Florida* | 413 | 10,932 | ||||||
ServisFirst Bancshares, Inc. | 253 | 10,327 | ||||||
Signature Bank* | 167 | 23,706 | ||||||
South State Corp. | 116 | 9,895 | ||||||
Southside Bancshares, Inc. | 59 | 2,050 | ||||||
Stock Yards Bancorp, Inc. | 255 | 8,951 | ||||||
SunTrust Banks, Inc. | 1,787 | 121,587 | ||||||
SVB Financial Group* | 96 | 23,041 | ||||||
Synovus Financial Corp. | 402 | 20,076 | ||||||
TCF Financial Corp. | 648 | 14,781 | ||||||
Texas Capital Bancshares, Inc.* | 151 | 13,575 | ||||||
Tompkins Financial Corp. | 89 | 6,743 | ||||||
Towne Bank | 324 | 9,266 | ||||||
TriCo Bancshares | 38 | 1,414 | ||||||
Triumph Bancorp, Inc.* | 251 | 10,341 | ||||||
U.S. Bancorp | 6,208 | 313,504 | ||||||
UMB Financial Corp. | 125 | 9,049 | ||||||
Umpqua Holdings Corp. | 717 | 15,351 | ||||||
Union Bankshares Corp. | 238 | 8,737 | ||||||
United Bankshares, Inc. | 260 | 9,165 | ||||||
United Community Banks, Inc. | 368 | 11,647 | ||||||
Valley National Bancorp | 1,019 | 12,697 | ||||||
Webster Financial Corp. | 271 | 15,013 | ||||||
Wells Fargo & Co. | 20,007 | 1,048,567 | ||||||
WesBanco, Inc. | 233 | 9,856 | ||||||
West Bancorporation, Inc. | 645 | 16,512 | ||||||
Western Alliance Bancorp* | 335 | 19,467 | ||||||
Wintrust Financial Corp. | 64 | 5,507 | ||||||
Zions Bancorp | 552 | 29,107 | ||||||
|
| |||||||
Total Banks | 7,183,690 | |||||||
Beverages – 1.6% | ||||||||
Boston Beer Co., Inc. (The) Class A*(a) | 36 | 6,806 | ||||||
Brown-Forman Corp. Class B | 767 | 41,725 | ||||||
Coca-Cola Co. (The) | 6,160 | 267,529 | ||||||
Constellation Brands, Inc. Class A | 509 | 116,011 | ||||||
Dr. Pepper Snapple Group, Inc. | 462 | 54,692 | ||||||
MGP Ingredients, Inc. | 64 | 5,734 | ||||||
Molson Coors Brewing Co. Class B | 1,934 | 145,688 | ||||||
Monster Beverage Corp.* | 764 | 43,708 | ||||||
National Beverage Corp. | 58 | 5,163 | ||||||
PepsiCo, Inc. | 3,669 | 400,471 | ||||||
|
| |||||||
Total Beverages | 1,087,527 | |||||||
Biotechnology – 3.1% | ||||||||
AbbVie, Inc. | 4,233 | 400,654 | ||||||
Alexion Pharmaceuticals, Inc.* | 274 | 30,540 | ||||||
Amgen, Inc. | 2,843 | 484,675 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 99 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
Biogen, Inc.* | 721 | $ | 197,424 | |||||
Celgene Corp.* | 2,127 | 189,750 | ||||||
Concert Pharmaceuticals, Inc.* | 326 | 7,465 | ||||||
Eagle Pharmaceuticals, Inc.*(a) | 129 | 6,797 | ||||||
Emergent BioSolutions, Inc.* | 153 | 8,055 | ||||||
Exelixis, Inc.* | 377 | 8,351 | ||||||
Gilead Sciences, Inc. | 9,567 | 721,256 | ||||||
Myriad Genetics, Inc.* | 233 | 6,885 | ||||||
PDL BioPharma, Inc.* | 2,563 | 7,535 | ||||||
Regeneron Pharmaceuticals, Inc.* | 207 | 71,283 | ||||||
United Therapeutics Corp.* | 329 | 36,966 | ||||||
Vertex Pharmaceuticals, Inc.* | 93 | 15,157 | ||||||
|
| |||||||
Total Biotechnology | 2,192,793 | |||||||
Building Products – 0.3% | ||||||||
A.O. Smith Corp. | 374 | 23,783 | ||||||
AAON, Inc. | 216 | 8,424 | ||||||
Apogee Enterprises, Inc. | 147 | 6,372 | ||||||
Armstrong World Industries, Inc.* | 180 | 10,134 | ||||||
Builders FirstSource, Inc.* | 370 | 7,341 | ||||||
Continental Building Products, Inc.* | 245 | 6,995 | ||||||
Fortune Brands Home & Security, Inc. | 432 | 25,441 | ||||||
JELD-WEN Holding, Inc.* | 599 | 18,341 | ||||||
Lennox International, Inc. | 63 | 12,875 | ||||||
Masco Corp. | 663 | 26,812 | ||||||
Owens Corning | 200 | 16,080 | ||||||
Patrick Industries, Inc.* | 72 | 4,453 | ||||||
Simpson Manufacturing Co., Inc. | 155 | 8,926 | ||||||
Trex Co., Inc.* | 64 | 6,961 | ||||||
Universal Forest Products, Inc. | 259 | 8,405 | ||||||
USG Corp.* | 333 | 13,460 | ||||||
|
| |||||||
Total Building Products | 204,803 | |||||||
Capital Markets – 4.0% | ||||||||
Affiliated Managers Group, Inc. | 165 | 31,281 | ||||||
Ameriprise Financial, Inc. | 618 | 91,427 | ||||||
Artisan Partners Asset Management, Inc. Class A | 152 | 5,062 | ||||||
Bank of New York Mellon Corp. (The) | 4,016 | 206,944 | ||||||
BGC Partners, Inc. Class A | 646 | 8,689 | ||||||
BlackRock, Inc. | 408 | 221,022 | ||||||
CBOE Global Markets, Inc. | 102 | 11,638 | ||||||
Charles Schwab Corp. (The) | 2,548 | 133,057 | ||||||
CME Group, Inc. | 623 | 100,764 | ||||||
Cohen & Steers, Inc. | 213 | 8,661 | ||||||
E*TRADE Financial Corp.* | 682 | 37,790 | ||||||
Eaton Vance Corp. | 273 | 15,198 | ||||||
Evercore, Inc. Class A | 153 | 13,342 | ||||||
FactSet Research Systems, Inc. | 79 | 15,754 | ||||||
Federated Investors, Inc. Class B | 437 | 14,596 | ||||||
Franklin Resources, Inc. | 2,306 | 79,972 | ||||||
GAMCO Investors, Inc. Class A | 148 | 3,675 | ||||||
Goldman Sachs Group, Inc. (The) | 1,935 | 487,349 | ||||||
Greenhill & Co., Inc.(a) | 231 | 4,273 | ||||||
Houlihan Lokey, Inc. | 162 | 7,225 | ||||||
Intercontinental Exchange, Inc. | 1,445 | 104,791 | ||||||
Legg Mason, Inc. | 437 | $ | 17,764 | |||||
LPL Financial Holdings, Inc. | 267 | 16,306 | ||||||
MarketAxess Holdings, Inc. | 30 | 6,523 | ||||||
Moelis & Co. Class A | 176 | 8,950 | ||||||
Moody’s Corp. | 489 | 78,876 | ||||||
Morgan Stanley | 7,699 | 415,438 | ||||||
Morningstar, Inc. | 139 | 13,277 | ||||||
MSCI, Inc. | 115 | 17,189 | ||||||
Nasdaq, Inc. | 519 | 44,748 | ||||||
Northern Trust Corp. | 655 | 67,550 | ||||||
Piper Jaffray Cos. | 91 | 7,558 | ||||||
Raymond James Financial, Inc. | 503 | 44,973 | ||||||
S&P Global, Inc. | 637 | 121,705 | ||||||
SEI Investments Co. | 352 | 26,368 | ||||||
State Street Corp. | 1,369 | 136,530 | ||||||
Stifel Financial Corp. | 252 | 14,926 | ||||||
T. Rowe Price Group, Inc. | 816 | 88,103 | ||||||
TD Ameritrade Holding Corp. | 988 | 58,519 | ||||||
Waddell & Reed Financial, Inc. Class A(a) | 436 | 8,812 | ||||||
|
| |||||||
Total Capital Markets | 2,796,625 | |||||||
Chemicals – 1.6% | ||||||||
AdvanSix, Inc.* | 143 | 4,973 | ||||||
Air Products & Chemicals, Inc. | 489 | 77,766 | ||||||
Albemarle Corp. | 136 | 12,613 | ||||||
Balchem Corp. | 54 | 4,414 | ||||||
Cabot Corp. | 294 | 16,382 | ||||||
Celanese Corp. Series A | 479 | 48,001 | ||||||
Chemours Co. (The) | 401 | 19,533 | ||||||
DowDuPont, Inc. | 2,552 | 162,588 | ||||||
Eastman Chemical Co. | 659 | 69,577 | ||||||
Ecolab, Inc. | 600 | 82,242 | ||||||
FMC Corp. | 155 | 11,868 | ||||||
H.B. Fuller Co. | 168 | 8,355 | ||||||
Huntsman Corp. | 885 | 25,886 | ||||||
Ingevity Corp.* | 75 | 5,527 | ||||||
International Flavors & Fragrances, Inc. | 152 | 20,810 | ||||||
Kronos Worldwide, Inc. | 862 | 19,481 | ||||||
Minerals Technologies, Inc. | 165 | 11,047 | ||||||
Monsanto Co. | 1,189 | 138,744 | ||||||
Mosaic Co. (The) | 939 | 22,799 | ||||||
NewMarket Corp. | 45 | 18,076 | ||||||
Olin Corp. | 184 | 5,592 | ||||||
PolyOne Corp. | 286 | 12,161 | ||||||
PPG Industries, Inc. | 694 | 77,450 | ||||||
Praxair, Inc. | 664 | 95,815 | ||||||
Quaker Chemical Corp. | 15 | 2,222 | ||||||
RPM International, Inc. | 322 | 15,350 | ||||||
Scotts Miracle-Gro Co. (The) | 137 | 11,748 | ||||||
Sensient Technologies Corp. | 71 | 5,011 | ||||||
Sherwin-Williams Co. (The) | 165 | 64,700 | ||||||
Stepan Co. | 118 | 9,815 | ||||||
Valvoline, Inc. | 802 | 17,748 | ||||||
W.R. Grace & Co. | 134 | 8,205 |
See Notes to Financial Statements.
100 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
Westlake Chemical Corp. | 377 | $ | 41,903 | |||||
|
| |||||||
Total Chemicals | 1,148,402 | |||||||
Commercial Services & Supplies – 0.5% | ||||||||
ABM Industries, Inc. | 185 | 6,194 | ||||||
Brady Corp. Class A | 254 | 9,436 | ||||||
Cintas Corp. | 190 | 32,410 | ||||||
Clean Harbors, Inc.* | 33 | 1,611 | ||||||
Copart, Inc.* | 460 | 23,428 | ||||||
Deluxe Corp. | 173 | 12,804 | ||||||
Ennis, Inc. | 363 | 7,151 | ||||||
Healthcare Services Group, Inc. | 152 | 6,609 | ||||||
Herman Miller, Inc. | 270 | 8,626 | ||||||
KAR Auction Services, Inc. | 315 | 17,073 | ||||||
Knoll, Inc. | 330 | 6,663 | ||||||
Matthews International Corp. Class A | 110 | 5,566 | ||||||
McGrath RentCorp | 164 | 8,805 | ||||||
MSA Safety, Inc. | 97 | 8,074 | ||||||
Multi-Color Corp. | 71 | 4,689 | ||||||
Pitney Bowes, Inc. | 1,169 | 12,730 | ||||||
Quad/Graphics, Inc. | 339 | 8,594 | ||||||
Republic Services, Inc. | 777 | 51,461 | ||||||
Rollins, Inc. | 144 | 7,348 | ||||||
SP Plus Corp.* | 196 | 6,978 | ||||||
Steelcase, Inc. Class A | 755 | 10,268 | ||||||
Stericycle, Inc.* | 226 | 13,228 | ||||||
Tetra Tech, Inc. | 122 | 5,972 | ||||||
Viad Corp. | 141 | 7,395 | ||||||
Waste Management, Inc. | 1,008 | 84,793 | ||||||
|
| |||||||
Total Commercial Services & Supplies | 367,906 | |||||||
Communications Equipment – 1.4% | ||||||||
Acacia Communications, Inc.*(a) | 210 | 8,077 | ||||||
ADTRAN, Inc. | 295 | 4,587 | ||||||
Applied Optoelectronics, Inc.*(a) | 167 | 4,185 | ||||||
Arista Networks, Inc.* | 108 | 27,572 | ||||||
Ciena Corp.* | 476 | 12,328 | ||||||
Cisco Systems, Inc. | 15,778 | 676,718 | ||||||
CommScope Holding Co., Inc.* | 283 | 11,312 | ||||||
EchoStar Corp. Class A* | 152 | 8,021 | ||||||
F5 Networks, Inc.* | 200 | 28,922 | ||||||
Finisar Corp.* | 866 | 13,692 | ||||||
InterDigital, Inc. | 232 | 17,075 | ||||||
Juniper Networks, Inc. | 1,410 | 34,305 | ||||||
Motorola Solutions, Inc. | 399 | 42,015 | ||||||
NETGEAR, Inc.* | 128 | 7,322 | ||||||
Oclaro, Inc.* | 1,562 | 14,933 | ||||||
Plantronics, Inc. | 152 | 9,176 | ||||||
Ubiquiti Networks, Inc.*(a) | 238 | 16,374 | ||||||
Viavi Solutions, Inc.* | 819 | 7,961 | ||||||
|
| |||||||
Total Communications Equipment | 944,575 | |||||||
Construction & Engineering – 0.2% | ||||||||
AECOM* | 560 | 19,953 | ||||||
Argan, Inc. | 176 | 7,559 | ||||||
Dycom Industries, Inc.* | 97 | $ | 10,440 | |||||
EMCOR Group, Inc. | 119 | 9,274 | ||||||
Fluor Corp. | 271 | 15,506 | ||||||
Granite Construction, Inc. | 94 | 5,251 | ||||||
IES Holdings, Inc.* | 633 | 9,590 | ||||||
Jacobs Engineering Group, Inc. | 255 | 15,083 | ||||||
MasTec, Inc.* | 341 | 16,044 | ||||||
Primoris Services Corp. | 263 | 6,570 | ||||||
Quanta Services, Inc.* | 439 | 15,080 | ||||||
Valmont Industries, Inc. | 82 | 11,996 | ||||||
|
| |||||||
Total Construction & Engineering | 142,346 | |||||||
Construction Materials – 0.1% | ||||||||
Eagle Materials, Inc. | 127 | 13,088 | ||||||
Martin Marietta Materials, Inc. | 127 | 26,327 | ||||||
Summit Materials, Inc. Class A* | 211 | 6,389 | ||||||
Vulcan Materials Co. | 190 | 21,692 | ||||||
|
| |||||||
Total Construction Materials | 67,496 | |||||||
Consumer Finance – 1.4% | ||||||||
Ally Financial, Inc. | 2,141 | 58,128 | ||||||
American Express Co. | 2,896 | 270,139 | ||||||
Capital One Financial Corp. | 2,202 | 210,996 | ||||||
Credit Acceptance Corp.*(a) | 64 | 21,146 | ||||||
Discover Financial Services | 1,843 | 132,567 | ||||||
Encore Capital Group, Inc.* | 212 | 9,582 | ||||||
Navient Corp. | 2,577 | 33,810 | ||||||
Nelnet, Inc. Class A | 277 | 14,518 | ||||||
OneMain Holdings, Inc.* | 430 | 12,874 | ||||||
Santander Consumer USA Holdings, Inc. | 2,297 | 37,441 | ||||||
SLM Corp.* | 1,631 | 18,284 | ||||||
Synchrony Financial | 3,436 | 115,209 | ||||||
World Acceptance Corp.* | 88 | 9,266 | ||||||
|
| |||||||
Total Consumer Finance | 943,960 | |||||||
Containers & Packaging – 0.4% | ||||||||
AptarGroup, Inc. | 150 | 13,474 | ||||||
Avery Dennison Corp. | 166 | 17,637 | ||||||
Ball Corp. | 401 | 15,924 | ||||||
Bemis Co., Inc. | 294 | 12,795 | ||||||
Berry Global Group, Inc.* | 365 | 20,006 | ||||||
Crown Holdings, Inc.* | 525 | 26,644 | ||||||
Graphic Packaging Holding Co. | 748 | 11,482 | ||||||
Greif, Inc. Class A | 130 | 6,793 | ||||||
International Paper Co. | 1,168 | 62,406 | ||||||
Owens-Illinois, Inc.* | 686 | 14,859 | ||||||
Packaging Corp. of America | 239 | 26,935 | ||||||
Sealed Air Corp. | 263 | 11,254 | ||||||
Silgan Holdings, Inc. | 367 | 10,221 | ||||||
Sonoco Products Co. | 315 | 15,277 | ||||||
WestRock Co. | 676 | 43,379 | ||||||
|
| |||||||
Total Containers & Packaging | 309,086 | |||||||
Distributors – 0.1% | ||||||||
Core-Mark Holding Co., Inc. | 108 | 2,296 | ||||||
Genuine Parts Co. | 420 | 37,733 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 101 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
LKQ Corp.* | 807 | $ | 30,626 | |||||
Pool Corp. | 55 | 8,042 | ||||||
|
| |||||||
Total Distributors | 78,697 | |||||||
Diversified Consumer Services – 0.2% | ||||||||
Adtalem Global Education, Inc.* | 192 | 9,130 | ||||||
Bright Horizons Family Solutions, Inc.* | 122 | 12,166 | ||||||
Capella Education Co. | 58 | 5,066 | ||||||
Graham Holdings Co. Class B | 14 | 8,432 | ||||||
Grand Canyon Education, Inc.* | 107 | 11,226 | ||||||
H&R Block, Inc. | 941 | 23,911 | ||||||
Service Corp. International | 645 | 24,342 | ||||||
ServiceMaster Global Holdings, Inc.* | 317 | 16,120 | ||||||
Sotheby’s* | 165 | 8,466 | ||||||
Weight Watchers International, Inc.* | 149 | 9,494 | ||||||
|
| |||||||
Total Diversified Consumer Services | 128,353 | |||||||
Diversified Financial Services – 1.7% | ||||||||
Berkshire Hathaway, Inc. Class B* | 5,820 | 1,160,974 | ||||||
Leucadia National Corp. | 1,351 | 30,708 | ||||||
|
| |||||||
Total Diversified Financial Services | 1,191,682 | |||||||
Diversified Telecommunication Services – 2.4% | ||||||||
AT&T, Inc. | 21,301 | 759,381 | ||||||
CenturyLink, Inc. | 1,334 | 21,917 | ||||||
Cincinnati Bell, Inc.* | 227 | 3,144 | ||||||
Iridium Communications, Inc.*(a) | 587 | 6,604 | ||||||
Verizon Communications, Inc. | 18,973 | 907,289 | ||||||
Zayo Group Holdings, Inc.* | 168 | 5,739 | ||||||
|
| |||||||
Total Diversified Telecommunication Services | 1,704,074 | |||||||
Electric Utilities – 1.8% | ||||||||
ALLETE, Inc. | 135 | 9,754 | ||||||
Alliant Energy Corp. | 483 | 19,735 | ||||||
American Electric Power Co., Inc. | 1,553 | 106,520 | ||||||
Avangrid, Inc. | 893 | 45,650 | ||||||
Duke Energy Corp. | 1,880 | 145,644 | ||||||
Edison International | 1,264 | 80,466 | ||||||
Eversource Energy | 971 | 57,211 | ||||||
Exelon Corp. | 3,194 | 124,598 | ||||||
Hawaiian Electric Industries, Inc. | 433 | 14,887 | ||||||
IDACORP, Inc. | 200 | 17,654 | ||||||
NextEra Energy, Inc. | 1,644 | 268,515 | ||||||
OGE Energy Corp. | 751 | 24,610 | ||||||
Otter Tail Corp. | 231 | 10,014 | ||||||
PG&E Corp. | 2,797 | 122,872 | ||||||
Pinnacle West Capital Corp. | 393 | 31,361 | ||||||
Portland General Electric Co. | 289 | 11,707 | ||||||
PPL Corp. | 2,906 | 82,211 | ||||||
Southern Co. (The) | 645 | 28,806 | ||||||
Westar Energy, Inc. | 311 | 16,355 | ||||||
Xcel Energy, Inc. | 1,318 | 59,943 | ||||||
|
| |||||||
Total Electric Utilities | 1,278,513 | |||||||
Electrical Equipment – 0.4% | ||||||||
Acuity Brands, Inc. | 118 | 16,424 | ||||||
AMETEK, Inc. | 507 | $ | 38,517 | |||||
Atkore International Group, Inc.* | 320 | 6,352 | ||||||
Emerson Electric Co. | 1,545 | 105,523 | ||||||
EnerSys | 209 | 14,498 | ||||||
Generac Holdings, Inc.* | 178 | 8,172 | ||||||
Hubbell, Inc. | 138 | 16,806 | ||||||
Powell Industries, Inc. | 224 | 6,012 | ||||||
Regal Beloit Corp. | 180 | 13,203 | ||||||
Rockwell Automation, Inc. | 249 | 43,376 | ||||||
Sunrun, Inc.*(a) | 1,289 | 11,511 | ||||||
|
| |||||||
Total Electrical Equipment | 280,394 | |||||||
Electronic Equipment, Instruments & Components – 0.8% | ||||||||
Amphenol Corp. Class A | 705 | 60,722 | ||||||
Anixter International, Inc.* | 145 | 10,984 | ||||||
Arrow Electronics, Inc.* | 374 | 28,805 | ||||||
Avnet, Inc. | 451 | 18,834 | ||||||
AVX Corp. | 693 | 11,469 | ||||||
Benchmark Electronics, Inc. | 230 | 6,866 | ||||||
CDW Corp. | 375 | 26,366 | ||||||
Cognex Corp. | 207 | 10,762 | ||||||
Coherent, Inc.* | 39 | 7,309 | ||||||
Corning, Inc. | 4,439 | 123,759 | ||||||
Dolby Laboratories, Inc. Class A | 254 | 16,144 | ||||||
ePlus, Inc.* | 73 | 5,672 | ||||||
FLIR Systems, Inc. | 277 | 13,853 | ||||||
II-VI, Inc.* | 118 | 4,826 | ||||||
Insight Enterprises, Inc.* | 193 | 6,741 | ||||||
IPG Photonics Corp.* | 104 | 24,272 | ||||||
Jabil, Inc. | 290 | 8,332 | ||||||
KEMET Corp.* | 1,353 | 24,530 | ||||||
Keysight Technologies, Inc.* | 388 | 20,327 | ||||||
Littelfuse, Inc. | 58 | 12,074 | ||||||
Methode Electronics, Inc. | 195 | 7,625 | ||||||
National Instruments Corp. | 151 | 7,636 | ||||||
OSI Systems, Inc.* | 65 | 4,243 | ||||||
PC Connection, Inc. | 240 | 6,000 | ||||||
Plexus Corp.* | 122 | 7,287 | ||||||
Sanmina Corp.* | 287 | 7,505 | ||||||
ScanSource, Inc.* | 216 | 7,679 | ||||||
SYNNEX Corp. | 116 | 13,734 | ||||||
Tech Data Corp.* | 93 | 7,917 | ||||||
Trimble, Inc.* | 351 | 12,594 | ||||||
Universal Display Corp.(a) | 30 | 3,030 | ||||||
Vishay Intertechnology, Inc. | 399 | 7,421 | ||||||
|
| |||||||
Total Electronic Equipment, Instruments & Components | 535,318 | |||||||
Energy Equipment & Services – 0.1% | ||||||||
Diamond Offshore Drilling, Inc.*(a) | 585 | 8,576 | ||||||
Halliburton Co. | 432 | 20,278 | ||||||
RPC, Inc.(a) | 313 | 5,644 | ||||||
|
| |||||||
Total Energy Equipment & Services | 34,498 | |||||||
Equity Real Estate Investment Trusts (REITs) – 2.5% | ||||||||
Acadia Realty Trust | 232 | 5,707 |
See Notes to Financial Statements.
��
102 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
Alexander & Baldwin, Inc. | 240 | $ | 5,551 | |||||
Alexandria Real Estate Equities, Inc. | 56 | 6,994 | ||||||
American Tower Corp. | 521 | 75,722 | ||||||
Apartment Investment & Management Co. Class A | 308 | 12,551 | ||||||
Apple Hospitality REIT, Inc. | 735 | 12,914 | ||||||
AvalonBay Communities, Inc. | 295 | 48,516 | ||||||
Boston Properties, Inc. | 242 | 29,819 | ||||||
Brixmor Property Group, Inc. | 1,074 | 16,379 | ||||||
Camden Property Trust | 117 | 9,849 | ||||||
CBL & Associates Properties, Inc.(a) | 1,381 | 5,759 | ||||||
Columbia Property Trust, Inc. | 791 | 16,184 | ||||||
CoreCivic, Inc. | 566 | 11,048 | ||||||
CoreSite Realty Corp. | 63 | 6,316 | ||||||
Cousins Properties, Inc. | 1,809 | 15,702 | ||||||
Crown Castle International Corp. | 282 | 30,910 | ||||||
CubeSmart | 354 | 9,983 | ||||||
DCT Industrial Trust, Inc. | 188 | 10,592 | ||||||
DiamondRock Hospitality Co. | 780 | 8,143 | ||||||
Digital Realty Trust, Inc. | 119 | 12,540 | ||||||
Douglas Emmett, Inc. | 199 | 7,315 | ||||||
Duke Realty Corp. | 675 | 17,874 | ||||||
EastGroup Properties, Inc. | 118 | 9,754 | ||||||
EPR Properties | 232 | 12,853 | ||||||
Equinix, Inc. | 41 | 17,144 | ||||||
Equity LifeStyle Properties, Inc. | 139 | 12,200 | ||||||
Equity Residential | 712 | 43,873 | ||||||
Essex Property Trust, Inc. | 129 | 31,048 | ||||||
Extra Space Storage, Inc. | 238 | 20,792 | ||||||
Federal Realty Investment Trust | 173 | 20,087 | ||||||
First Industrial Realty Trust, Inc. | 361 | 10,552 | ||||||
Forest City Realty Trust, Inc. Class A | 347 | 7,030 | ||||||
Gaming and Leisure Properties, Inc. | 662 | 22,157 | ||||||
GEO Group, Inc. (The) | 431 | 8,823 | ||||||
GGP, Inc. | 1,898 | 38,833 | ||||||
Global Net Lease, Inc. | 499 | 8,423 | ||||||
Gramercy Property Trust | 251 | 5,454 | ||||||
HCP, Inc. | 1,227 | 28,503 | ||||||
Healthcare Realty Trust, Inc. | 323 | 8,950 | ||||||
Hospitality Properties Trust | 464 | 11,758 | ||||||
Host Hotels & Resorts, Inc. | 1,843 | 34,354 | ||||||
Iron Mountain, Inc. | 351 | 11,534 | ||||||
Kilroy Realty Corp. | 143 | 10,147 | ||||||
Kimco Realty Corp. | 1,177 | 16,949 | ||||||
Lamar Advertising Co. Class A | 253 | 16,106 | ||||||
LaSalle Hotel Properties | 409 | 11,865 | ||||||
Lexington Realty Trust | 764 | 6,013 | ||||||
Liberty Property Trust | 510 | 20,262 | ||||||
Life Storage, Inc. | 84 | 7,016 | ||||||
Macerich Co. (The) | 132 | 7,395 | ||||||
Medical Properties Trust, Inc. | 1,187 | 15,431 | ||||||
Mid-America Apartment Communities, Inc. | 104 | 9,489 | ||||||
National Health Investors, Inc. | 153 | 10,295 | ||||||
National Retail Properties, Inc. | 313 | 12,288 | ||||||
Omega Healthcare Investors, Inc.(a) | 483 | 13,060 | ||||||
Outfront Media, Inc. | 348 | $ | 6,522 | |||||
Paramount Group, Inc. | 647 | 9,213 | ||||||
Park Hotels & Resorts, Inc. | 5,353 | 144,638 | ||||||
Pebblebrook Hotel Trust | 251 | 8,622 | ||||||
Piedmont Office Realty Trust, Inc. Class A | 772 | 13,579 | ||||||
Prologis, Inc. | 1,699 | 107,020 | ||||||
Public Storage | 346 | 69,335 | ||||||
Ramco-Gershenson Properties Trust | 530 | 6,551 | ||||||
Rayonier, Inc. | 404 | 14,213 | ||||||
Realty Income Corp. | 371 | 19,192 | ||||||
Regency Centers Corp. | 153 | 9,024 | ||||||
Retail Properties of America, Inc. Class A | 889 | 10,366 | ||||||
Rexford Industrial Realty, Inc. | 261 | 7,514 | ||||||
RLJ Lodging Trust | 557 | 10,828 | ||||||
Ryman Hospitality Properties, Inc. | 152 | 11,772 | ||||||
Sabra Health Care REIT, Inc. | 376 | 6,636 | ||||||
Simon Property Group, Inc. | 662 | 102,180 | ||||||
SL Green Realty Corp. | 63 | 6,100 | ||||||
Spirit Realty Capital, Inc. | 430 | 3,337 | ||||||
STORE Capital Corp. | 412 | 10,226 | ||||||
Summit Hotel Properties, Inc. | 511 | 6,955 | ||||||
Sunstone Hotel Investors, Inc. | 734 | 11,171 | ||||||
Tanger Factory Outlet Centers, Inc. | 438 | 9,636 | ||||||
Taubman Centers, Inc. | 125 | 7,114 | ||||||
Terreno Realty Corp. | 24 | 828 | ||||||
Tier REIT, Inc. | 512 | 9,462 | ||||||
UDR, Inc. | 522 | 18,594 | ||||||
Urban Edge Properties | 347 | 7,408 | ||||||
Urstadt Biddle Properties, Inc. Class A | 36 | 695 | ||||||
Ventas, Inc. | 1,116 | 55,275 | ||||||
Vornado Realty Trust | 631 | 42,466 | ||||||
W.P. Carey, Inc. | 222 | 13,762 | ||||||
Washington Prime Group, Inc. | 1,577 | 10,519 | ||||||
Weingarten Realty Investors | 462 | 12,973 | ||||||
Welltower, Inc. | 836 | 45,503 | ||||||
Weyerhaeuser Co. | 618 | 21,630 | ||||||
Xenia Hotels & Resorts, Inc. | 548 | 10,807 | ||||||
|
| |||||||
Total Equity Real Estate Investment Trusts (REITs) | 1,758,472 | |||||||
Food & Staples Retailing – 2.2% | ||||||||
Casey’s General Stores, Inc. | 83 | 9,111 | ||||||
Costco Wholesale Corp. | 867 | 163,369 | ||||||
CVS Health Corp. | 4,226 | 262,899 | ||||||
Kroger Co. (The) | 3,523 | 84,341 | ||||||
Performance Food Group Co.* | 253 | 7,552 | ||||||
PriceSmart, Inc. | 91 | 7,603 | ||||||
Rite Aid Corp.*(a) | 4,616 | 7,755 | ||||||
SpartanNash Co. | 208 | 3,580 | ||||||
Sprouts Farmers Market, Inc.* | 411 | 9,646 | ||||||
Sysco Corp. | 1,169 | 70,093 | ||||||
U.S. Foods Holding Corp.* | 546 | 17,892 | ||||||
United Natural Foods, Inc.* | 185 | 7,944 | ||||||
Walgreens Boots Alliance, Inc. | 3,478 | 227,705 | ||||||
Walmart, Inc. | 7,219 | 642,274 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 103 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
Weis Markets, Inc. | 168 | $ | 6,885 | |||||
|
| |||||||
Total Food & Staples Retailing | 1,528,649 | |||||||
Food Products – 1.5% | ||||||||
Archer-Daniels-Midland Co. | 1,818 | 78,847 | ||||||
B&G Foods, Inc.(a) | 214 | 5,072 | ||||||
Blue Buffalo Pet Products, Inc.* | 379 | 15,088 | ||||||
Campbell Soup Co. | 1,304 | 56,476 | ||||||
Conagra Brands, Inc. | 1,171 | 43,186 | ||||||
Flowers Foods, Inc. | 412 | 9,006 | ||||||
General Mills, Inc. | 1,809 | 81,514 | ||||||
Hain Celestial Group, Inc. (The)* | 160 | 5,131 | ||||||
Hershey Co. (The) | 384 | 38,001 | ||||||
Hormel Foods Corp. | 1,422 | 48,803 | ||||||
Ingredion, Inc. | 195 | 25,139 | ||||||
J&J Snack Foods Corp. | 48 | 6,555 | ||||||
J.M. Smucker Co. (The) | 333 | 41,295 | ||||||
Kellogg Co. | 723 | 47,002 | ||||||
Kraft Heinz Co. (The) | 3,109 | 193,660 | ||||||
Lamb Weston Holdings, Inc. | 380 | 22,124 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 261 | 27,768 | ||||||
Mondelez International, Inc. Class A | 2,913 | 121,559 | ||||||
Pilgrim’s Pride Corp.* | 1,046 | 25,742 | ||||||
Pinnacle Foods, Inc. | 165 | 8,926 | ||||||
Sanderson Farms, Inc. | 108 | 12,854 | ||||||
Seaboard Corp. | 4 | 17,060 | ||||||
Seneca Foods Corp. Class A* | 148 | 4,100 | ||||||
Tootsie Roll Industries, Inc.(a) | 228 | 6,704 | ||||||
Tyson Foods, Inc. Class A | 1,285 | 94,049 | ||||||
|
| |||||||
Total Food Products | 1,035,661 | |||||||
Gas Utilities – 0.2% | ||||||||
Atmos Energy Corp. | 299 | 25,188 | ||||||
Chesapeake Utilities Corp. | 13 | 914 | ||||||
National Fuel Gas Co. | 326 | 16,773 | ||||||
New Jersey Resources Corp. | 287 | 11,509 | ||||||
Northwest Natural Gas Co. | 32 | 1,845 | ||||||
Southwest Gas Holdings, Inc. | 155 | 10,483 | ||||||
Spire, Inc. | 185 | 13,375 | ||||||
UGI Corp. | 587 | 26,074 | ||||||
WGL Holdings, Inc. | 40 | 3,346 | ||||||
|
| |||||||
Total Gas Utilities | 109,507 | |||||||
Health Care Equipment & Supplies – 1.4% | ||||||||
Abbott Laboratories | 2,261 | 135,479 | ||||||
ABIOMED, Inc.* | 42 | 12,222 | ||||||
Align Technology, Inc.* | 63 | 15,821 | ||||||
Baxter International, Inc. | 971 | 63,154 | ||||||
Becton, Dickinson and Co. | 271 | 58,726 | ||||||
Boston Scientific Corp.* | 2,618 | 71,524 | ||||||
Cantel Medical Corp. | 64 | 7,130 | ||||||
Cooper Cos., Inc. (The) | 101 | 23,110 | ||||||
Danaher Corp. | 1,581 | 154,796 | ||||||
Edwards Lifesciences Corp.* | 402 | 56,087 | ||||||
Globus Medical, Inc. Class A* | 194 | 9,665 | ||||||
Haemonetics Corp.* | 87 | $ | 6,365 | |||||
Halyard Health, Inc.* | 125 | 5,760 | ||||||
Hologic, Inc.* | 1,111 | 41,507 | ||||||
IDEXX Laboratories, Inc.* | 90 | 17,225 | ||||||
Inogen, Inc.* | 41 | 5,036 | ||||||
Integra LifeSciences Holdings Corp.* | 116 | 6,419 | ||||||
Intuitive Surgical, Inc.* | 145 | 59,860 | ||||||
Masimo Corp.* | 80 | 7,036 | ||||||
Neogen Corp.* | 83 | 5,560 | ||||||
NuVasive, Inc.* | 101 | 5,273 | ||||||
ResMed, Inc. | 232 | 22,845 | ||||||
Stryker Corp. | 739 | 118,920 | ||||||
Teleflex, Inc. | 53 | 13,514 | ||||||
Varian Medical Systems, Inc.* | 132 | 16,190 | ||||||
West Pharmaceutical Services, Inc. | 89 | 7,858 | ||||||
Zimmer Biomet Holdings, Inc. | 387 | 42,199 | ||||||
|
| |||||||
Total Health Care Equipment & Supplies | 989,281 | |||||||
Health Care Providers & Services – 3.2% | ||||||||
Acadia Healthcare Co., Inc.* | 349 | 13,674 | ||||||
Aetna, Inc. | 611 | 103,259 | ||||||
Amedisys, Inc.* | 114 | 6,879 | ||||||
AmerisourceBergen Corp. | 675 | 58,192 | ||||||
AMN Healthcare Services, Inc.* | 181 | 10,272 | ||||||
Anthem, Inc. | 813 | 178,616 | ||||||
Cardinal Health, Inc. | 1,164 | 72,960 | ||||||
Centene Corp.* | 525 | 56,107 | ||||||
Cigna Corp. | 665 | 111,547 | ||||||
DaVita, Inc.* | 610 | 40,223 | ||||||
Encompass Health Corp. | 345 | 19,724 | ||||||
Ensign Group, Inc. (The) | 296 | 7,785 | ||||||
Express Scripts Holding Co.* | 3,230 | 223,128 | ||||||
HCA Healthcare, Inc. | 1,781 | 172,757 | ||||||
Henry Schein, Inc.* | 515 | 34,613 | ||||||
Humana, Inc. | 447 | 120,167 | ||||||
Laboratory Corp. of America Holdings* | 284 | 45,937 | ||||||
LifePoint Health, Inc.* | 272 | 12,784 | ||||||
McKesson Corp. | 1,946 | 274,133 | ||||||
MEDNAX, Inc.* | 321 | 17,857 | ||||||
National HealthCare Corp. | 132 | 7,871 | ||||||
Owens & Minor, Inc. | 488 | 7,588 | ||||||
Patterson Cos., Inc. | 371 | 8,247 | ||||||
Premier, Inc. Class A* | 802 | 25,111 | ||||||
Quest Diagnostics, Inc. | 425 | 42,628 | ||||||
Select Medical Holdings Corp.* | 403 | 6,952 | ||||||
Tivity Health, Inc.* | 159 | 6,304 | ||||||
UnitedHealth Group, Inc. | 2,358 | 504,612 | ||||||
Universal Health Services, Inc. Class B | 391 | 46,298 | ||||||
WellCare Health Plans, Inc.* | 121 | 23,429 | ||||||
|
| |||||||
Total Health Care Providers & Services | 2,259,654 | |||||||
Health Care Technology – 0.1% | ||||||||
Cerner Corp.* | 620 | 35,960 | ||||||
Cotiviti Holdings, Inc.* | 224 | 7,715 | ||||||
HealthStream, Inc. | 186 | 4,618 |
See Notes to Financial Statements.
104 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
Veeva Systems, Inc. Class A* | 105 | $ | 7,667 | |||||
|
| |||||||
Total Health Care Technology | 55,960 | |||||||
Hotels, Restaurants & Leisure – 1.8% | ||||||||
Aramark | 555 | 21,956 | ||||||
BJ’s Restaurants, Inc. | 171 | 7,678 | ||||||
Bloomin’ Brands, Inc. | 384 | 9,324 | ||||||
Boyd Gaming Corp. | 264 | 8,411 | ||||||
Brinker International, Inc.(a) | 256 | 9,242 | ||||||
Cheesecake Factory, Inc. (The)(a) | 197 | 9,499 | ||||||
Chipotle Mexican Grill, Inc.* | 31 | 10,017 | ||||||
Choice Hotels International, Inc. | 116 | 9,297 | ||||||
Cracker Barrel Old Country Store, Inc.(a) | 80 | 12,736 | ||||||
Darden Restaurants, Inc. | 352 | 30,008 | ||||||
Dave & Buster’s Entertainment, Inc.* | 160 | 6,678 | ||||||
Domino’s Pizza, Inc. | 75 | 17,517 | ||||||
Dunkin’ Brands Group, Inc. | 224 | 13,371 | ||||||
Extended Stay America, Inc. | 649 | 12,831 | ||||||
Fogo De Chao, Inc.* | 837 | 13,183 | ||||||
Hilton Grand Vacations, Inc.* | 196 | 8,432 | ||||||
Hyatt Hotels Corp. Class A | 221 | 16,854 | ||||||
ILG, Inc. | 240 | 7,466 | ||||||
International Speedway Corp. Class A | 218 | 9,614 | ||||||
Jack in the Box, Inc. | 61 | 5,205 | ||||||
Las Vegas Sands Corp. | 1,837 | 132,080 | ||||||
Marriott International, Inc. Class A | 638 | 86,755 | ||||||
Marriott Vacations Worldwide Corp. | 94 | 12,521 | ||||||
McDonald’s Corp. | 2,030 | 317,451 | ||||||
MGM Resorts International | 1,061 | 37,156 | ||||||
Papa John’s International, Inc. | 132 | 7,564 | ||||||
Penn National Gaming, Inc.* | 1,830 | 48,056 | ||||||
Pinnacle Entertainment, Inc.* | 204 | 6,151 | ||||||
Planet Fitness, Inc. Class A* | 152 | 5,741 | ||||||
Six Flags Entertainment Corp. | 105 | 6,537 | ||||||
Sonic Corp.(a) | 253 | 6,383 | ||||||
Starbucks Corp. | 3,095 | 179,170 | ||||||
Texas Roadhouse, Inc. | 194 | 11,209 | ||||||
Vail Resorts, Inc. | 62 | 13,745 | ||||||
Wyndham Worldwide Corp. | 321 | 36,732 | ||||||
Wynn Resorts Ltd. | 148 | 26,989 | ||||||
Yum! Brands, Inc. | 872 | 74,233 | ||||||
|
| |||||||
Total Hotels, Restaurants & Leisure | 1,247,792 | |||||||
Household Durables – 0.7% | ||||||||
Century Communities, Inc.* | 217 | 6,499 | ||||||
D.R. Horton, Inc. | 1,207 | 52,915 | ||||||
Hooker Furniture Corp. | 162 | 5,945 | ||||||
Installed Building Products, Inc.* | 90 | 5,405 | ||||||
KB Home | 321 | 9,133 | ||||||
La-Z-Boy, Inc. | 212 | 6,349 | ||||||
Leggett & Platt, Inc. | 455 | 20,184 | ||||||
Lennar Corp. Class A | 1,199 | 70,669 | ||||||
LGI Homes, Inc.*(a) | 121 | 8,539 | ||||||
MDC Holdings, Inc. | 389 | 10,861 | ||||||
Meritage Homes Corp.* | 242 | 10,951 | ||||||
Mohawk Industries, Inc.* | 215 | $ | 49,927 | |||||
Newell Brands, Inc. | 2,508 | 63,904 | ||||||
NVR, Inc.* | 8 | 22,400 | ||||||
PulteGroup, Inc. | 1,211 | 35,712 | ||||||
Taylor Morrison Home Corp. Class A* | 312 | 7,263 | ||||||
Tempur Sealy International, Inc.* | 198 | 8,968 | ||||||
Toll Brothers, Inc. | 629 | 27,204 | ||||||
TRI Pointe Group, Inc.* | 630 | 10,351 | ||||||
Tupperware Brands Corp. | 182 | 8,805 | ||||||
Whirlpool Corp. | 282 | 43,177 | ||||||
|
| |||||||
Total Household Durables | 485,161 | |||||||
Household Products – 1.3% | ||||||||
Central Garden and Pet Co. Class A* | 220 | 8,714 | ||||||
Church & Dwight Co., Inc. | 573 | 28,856 | ||||||
Clorox Co. (The) | 283 | 37,670 | ||||||
Colgate-Palmolive Co. | 1,927 | 138,128 | ||||||
Energizer Holdings, Inc. | 276 | 16,444 | ||||||
Kimberly-Clark Corp. | 1,094 | 120,482 | ||||||
Procter & Gamble Co. (The) | 6,690 | 530,383 | ||||||
Spectrum Brands Holdings, Inc.(a) | 165 | 17,111 | ||||||
|
| |||||||
Total Household Products | 897,788 | |||||||
Independent Power & Renewable Electricity Producers – 0.0% | ||||||||
Ormat Technologies, Inc. | 180 | 10,148 | ||||||
Industrial Conglomerates – 1.5% | ||||||||
3M Co. | 1,395 | 306,231 | ||||||
Carlisle Cos., Inc. | 185 | 19,316 | ||||||
General Electric Co. | 29,232 | 394,047 | ||||||
Honeywell International, Inc. | 2,070 | 299,136 | ||||||
Raven Industries, Inc. | 162 | 5,678 | ||||||
Roper Technologies, Inc. | 154 | 43,226 | ||||||
|
| |||||||
Total Industrial Conglomerates | 1,067,634 | |||||||
Insurance – 2.7% | ||||||||
Aflac, Inc. | 3,742 | 163,750 | ||||||
Allstate Corp. (The) | 1,666 | 157,937 | ||||||
American Equity Investment Life Holding Co. | 595 | 17,469 | ||||||
American Financial Group, Inc. | 442 | 49,601 | ||||||
American National Insurance Co. | 93 | 10,877 | ||||||
Arthur J. Gallagher & Co. | 476 | 32,715 | ||||||
Assurant, Inc. | 162 | 14,808 | ||||||
Brown & Brown, Inc. | 726 | 18,469 | ||||||
Cincinnati Financial Corp. | 430 | 31,932 | ||||||
CNA Financial Corp. | 1,116 | 55,075 | ||||||
CNO Financial Group, Inc. | 1,315 | 28,496 | ||||||
Erie Indemnity Co. Class A | 116 | 13,646 | ||||||
FBL Financial Group, Inc. Class A | 114 | 7,906 | ||||||
First American Financial Corp. | 227 | 13,320 | ||||||
FNF Group | 949 | 37,979 | ||||||
Genworth Financial, Inc. Class A* | 6,766 | 19,148 | ||||||
Hartford Financial Services Group, Inc. (The) | 519 | 26,739 | ||||||
Kemper Corp. | 137 | 7,809 | ||||||
Lincoln National Corp. | 1,149 | 83,946 | ||||||
Loews Corp. | 1,256 | 62,461 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 105 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
Marsh & McLennan Cos., Inc. | 1,422 | $ | 117,443 | |||||
Mercury General Corp. | 190 | 8,715 | ||||||
MetLife, Inc. | 2,022 | 92,790 | ||||||
National General Holdings Corp. | 435 | 10,575 | ||||||
National Western Life Group, Inc. Class A | 24 | 7,317 | ||||||
Navigators Group, Inc. (The) | 141 | 8,129 | ||||||
Old Republic International Corp. | 1,296 | 27,799 | ||||||
Primerica, Inc. | 118 | 11,399 | ||||||
Principal Financial Group, Inc. | 1,532 | 93,314 | ||||||
ProAssurance Corp. | 169 | 8,205 | ||||||
Progressive Corp. (The) | 1,477 | 89,994 | ||||||
Prudential Financial, Inc. | 2,260 | 234,023 | ||||||
Reinsurance Group of America, Inc. | 320 | 49,280 | ||||||
RLI Corp. | 134 | 8,494 | ||||||
Selective Insurance Group, Inc. | 144 | 8,741 | ||||||
Torchmark Corp. | 391 | 32,910 | ||||||
Travelers Cos., Inc. (The) | 1,051 | 145,942 | ||||||
Universal Insurance Holdings, Inc. | 350 | 11,165 | ||||||
Unum Group | 1,085 | 51,657 | ||||||
W.R. Berkley Corp. | 537 | 39,040 | ||||||
|
| |||||||
Total Insurance | 1,911,015 | |||||||
Internet & Catalog Retail – 0.8% | ||||||||
Amazon.com, Inc.* | 101 | 146,182 | ||||||
Booking Holdings, Inc.* | 128 | 266,290 | ||||||
Expedia Group, Inc. | 225 | 24,842 | ||||||
Liberty Interactive Corp., QVC Group Class A* | 1,602 | 40,323 | ||||||
Netflix, Inc.* | 138 | 40,758 | ||||||
Nutrisystem, Inc. | 117 | 3,153 | ||||||
TripAdvisor, Inc.* | 143 | 5,847 | ||||||
|
| |||||||
Total Internet & Catalog Retail | 527,395 | |||||||
Internet Software & Services – 3.9% | ||||||||
Akamai Technologies, Inc.* | 319 | 22,643 | ||||||
Alphabet, Inc. Class A* | 1,228 | 1,273,608 | ||||||
Cars.com, Inc.* | 342 | 9,689 | ||||||
eBay, Inc.* | 12,185 | 490,324 | ||||||
Facebook, Inc. Class A* | 5,194 | 829,949 | ||||||
GrubHub, Inc.* | 73 | 7,407 | ||||||
IAC/InterActiveCorp* | 197 | 30,807 | ||||||
j2 Global, Inc. | 134 | 10,575 | ||||||
Match Group, Inc.*(a) | 957 | 42,529 | ||||||
SPS Commerce, Inc.* | 80 | 5,126 | ||||||
Stamps.com, Inc.* | 45 | 9,047 | ||||||
VeriSign, Inc.* | 228 | 27,032 | ||||||
|
| |||||||
Total Internet Software & Services | 2,758,736 | |||||||
IT Services – 3.4% | ||||||||
Alliance Data Systems Corp. | 139 | 29,587 | ||||||
Automatic Data Processing, Inc. | 945 | 107,239 | ||||||
Black Knight, Inc.* | 125 | 5,887 | ||||||
Booz Allen Hamilton Holding Corp. | 396 | 15,333 | ||||||
Broadridge Financial Solutions, Inc. | 178 | 19,525 | ||||||
CACI International, Inc. Class A* | 60 | 9,081 | ||||||
Cognizant Technology Solutions Corp. Class A | 1,662 | 133,791 | ||||||
Convergys Corp. | 436 | $ | 9,862 | |||||
CoreLogic, Inc.* | 129 | 5,835 | ||||||
CSRA, Inc. | 682 | 28,119 | ||||||
DST Systems, Inc. | 443 | 37,057 | ||||||
DXC Technology Co. | 173 | 17,392 | ||||||
EPAM Systems, Inc.* | 62 | 7,100 | ||||||
Euronet Worldwide, Inc.* | 150 | 11,838 | ||||||
ExlService Holdings, Inc.* | 117 | 6,525 | ||||||
Fidelity National Information Services, Inc. | 307 | 29,564 | ||||||
First Data Corp. Class A* | 2,682 | 42,912 | ||||||
Fiserv, Inc.* | 870 | 62,040 | ||||||
FleetCor Technologies, Inc.* | 190 | 38,475 | ||||||
Global Payments, Inc. | 107 | 11,933 | ||||||
International Business Machines Corp. | 4,434 | 680,309 | ||||||
Jack Henry & Associates, Inc. | 140 | 16,933 | ||||||
Leidos Holdings, Inc. | 319 | 20,863 | ||||||
ManTech International Corp. Class A | 160 | 8,875 | ||||||
MasterCard, Inc. Class A | 1,879 | 329,126 | ||||||
MAXIMUS, Inc. | 215 | 14,349 | ||||||
Paychex, Inc. | 764 | 47,055 | ||||||
PayPal Holdings, Inc.* | 1,311 | 99,466 | ||||||
Sabre Corp. | 559 | 11,990 | ||||||
Science Applications International Corp. | 109 | 8,589 | ||||||
Syntel, Inc.* | 468 | 11,948 | ||||||
Teradata Corp.* | 159 | 6,307 | ||||||
Total System Services, Inc. | 313 | 26,999 | ||||||
Visa, Inc. Class A | 3,498 | 418,431 | ||||||
Western Union Co. (The) | 2,651 | 50,979 | ||||||
WEX, Inc.* | 45 | 7,048 | ||||||
Worldpay, Inc. Class A* | 219 | 18,010 | ||||||
|
| |||||||
Total IT Services | 2,406,372 | |||||||
Leisure Products – 0.1% | ||||||||
Acushnet Holdings Corp. | 350 | 8,081 | ||||||
American Outdoor Brands Corp.*(a) | 650 | 6,708 | ||||||
Brunswick Corp. | 319 | 18,945 | ||||||
Callaway Golf Co. | �� | 998 | 16,327 | |||||
Hasbro, Inc. | 417 | 35,153 | ||||||
Polaris Industries, Inc. | 86 | 9,849 | ||||||
Sturm Ruger & Co., Inc.(a) | 153 | 8,033 | ||||||
|
| |||||||
Total Leisure Products | 103,096 | |||||||
Life Sciences Tools & Services – 0.5% | ||||||||
Agilent Technologies, Inc. | 658 | 44,020 | ||||||
Bruker Corp. | 268 | 8,019 | ||||||
Cambrex Corp.* | 154 | 8,054 | ||||||
Charles River Laboratories International, Inc.* | 128 | 13,663 | ||||||
Illumina, Inc.* | 228 | 53,904 | ||||||
Mettler-Toledo International, Inc.* | 39 | 22,426 | ||||||
PerkinElmer, Inc. | 199 | 15,068 | ||||||
PRA Health Sciences, Inc.* | 108 | 8,960 | ||||||
Thermo Fisher Scientific, Inc. | 778 | 160,626 | ||||||
Waters Corp.* | 159 | 31,585 | ||||||
|
| |||||||
Total Life Sciences Tools & Services | 366,325 |
See Notes to Financial Statements.
106 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
Machinery – 1.8% | ||||||||
AGCO Corp. | 133 | $ | 8,625 | |||||
Alamo Group, Inc. | 60 | 6,594 | ||||||
Albany International Corp. Class A | 101 | 6,333 | ||||||
Allison Transmission Holdings, Inc. | 454 | 17,733 | ||||||
Barnes Group, Inc. | 194 | 11,619 | ||||||
Caterpillar, Inc. | 599 | 88,281 | ||||||
Colfax Corp.* | 329 | 10,495 | ||||||
Crane Co. | 132 | 12,242 | ||||||
Cummins, Inc. | 570 | 92,391 | ||||||
Deere & Co. | 840 | 130,469 | ||||||
Donaldson Co., Inc. | 320 | 14,416 | ||||||
Dover Corp. | 456 | 44,788 | ||||||
EnPro Industries, Inc. | 374 | 28,940 | ||||||
Federal Signal Corp. | 328 | 7,223 | ||||||
Flowserve Corp. | 274 | 11,872 | ||||||
Fortive Corp. | 830 | 64,342 | ||||||
Franklin Electric Co., Inc. | 171 | 6,968 | ||||||
Global Brass & Copper Holdings, Inc. | 252 | 8,429 | ||||||
Graco, Inc. | 213 | 9,738 | ||||||
Greenbrier Cos., Inc. (The)(a) | 177 | 8,894 | ||||||
Hillenbrand, Inc. | 252 | 11,567 | ||||||
Hyster-Yale Materials Handling, Inc. | 82 | 5,734 | ||||||
IDEX Corp. | 95 | 13,538 | ||||||
Illinois Tool Works, Inc. | 822 | 128,775 | ||||||
ITT, Inc. | 282 | 13,812 | ||||||
Kadant, Inc. | 58 | 5,481 | ||||||
Kennametal, Inc. | 209 | 8,393 | ||||||
Lincoln Electric Holdings, Inc. | 205 | 18,440 | ||||||
Lindsay Corp. | 86 | 7,864 | ||||||
Meritor, Inc.* | 857 | 17,620 | ||||||
Middleby Corp. (The)* | 159 | 19,683 | �� | |||||
Mueller Industries, Inc. | 263 | 6,880 | ||||||
Nordson Corp. | 115 | 15,679 | ||||||
Oshkosh Corp. | 162 | 12,518 | ||||||
PACCAR, Inc. | 1,166 | 77,154 | ||||||
Parker-Hannifin Corp. | 310 | 53,019 | ||||||
Proto Labs, Inc.* | 74 | 8,699 | ||||||
RBC Bearings, Inc.* | 52 | 6,458 | ||||||
Rexnord Corp.* | 285 | 8,459 | ||||||
Snap-on, Inc. | 210 | 30,983 | ||||||
Standex International Corp. | 74 | 7,056 | ||||||
Stanley Black & Decker, Inc. | 459 | 70,319 | ||||||
Timken Co. (The) | 186 | 8,482 | ||||||
Toro Co. (The) | 141 | 8,805 | ||||||
Trinity Industries, Inc. | 389 | 12,693 | ||||||
Wabash National Corp. | 289 | 6,014 | ||||||
WABCO Holdings, Inc.* | 115 | 15,395 | ||||||
Wabtec Corp.(a) | 218 | 17,745 | ||||||
Watts Water Technologies, Inc. Class A | 136 | 10,567 | ||||||
Welbilt, Inc.* | 335 | 6,516 | ||||||
Woodward, Inc. | 204 | 14,619 | ||||||
Xylem, Inc. | 229 | 17,615 | ||||||
|
| |||||||
Total Machinery | 1,256,974 | |||||||
Marine – 0.0% | ||||||||
Kirby Corp.* | 142 | $ | 10,927 | |||||
Matson, Inc. | 273 | 7,819 | ||||||
|
| |||||||
Total Marine | 18,746 | |||||||
Media – 3.4% | ||||||||
AMC Networks, Inc. Class A* | 384 | 19,853 | ||||||
Cable One, Inc. | 10 | 6,871 | ||||||
CBS Corp. Class B Non-Voting Shares | 1,608 | 82,635 | ||||||
Charter Communications, Inc. Class A* | 153 | 47,617 | ||||||
Cinemark Holdings, Inc. | 408 | 15,369 | ||||||
Comcast Corp. Class A | 16,128 | 551,094 | ||||||
Discovery Communications, Inc. Class A*(a) | 2,285 | 48,968 | ||||||
DISH Network Corp. Class A* | 1,666 | 63,125 | ||||||
Entravision Communications Corp. Class A | 1,620 | 7,614 | ||||||
GCI Liberty, Inc. Class A* | 865 | 45,724 | ||||||
Gray Television, Inc.* | 656 | 8,331 | ||||||
Interpublic Group of Cos., Inc. (The) | 1,770 | 40,763 | ||||||
John Wiley & Sons, Inc. Class A | 118 | 7,517 | ||||||
Liberty Media Corp–Liberty Formula One Series C* | 662 | 20,423 | ||||||
Liberty Media Corp–Liberty SiriusXM Class A* | 809 | 33,250 | ||||||
Liberty Media Corp–Liberty SiriusXM Series C* | 453 | 18,505 | ||||||
Meredith Corp. | 193 | 10,383 | ||||||
MSG Networks, Inc. Class A* | 622 | 14,057 | ||||||
New York Times Co. (The) Class A | 435 | 10,483 | ||||||
Nexstar Media Group, Inc. Class A(a) | 84 | 5,586 | ||||||
Omnicom Group, Inc. | 979 | 71,144 | ||||||
Sinclair Broadcast Group, Inc. Class A(a) | 443 | 13,866 | ||||||
Sirius XM Holdings, Inc.(a) | 9,651 | 60,222 | ||||||
TEGNA, Inc. | 1,255 | 14,294 | ||||||
Time Warner, Inc. | 2,791 | 263,973 | ||||||
Twenty-First Century Fox, Inc. Class A | 5,478 | 200,988 | ||||||
Viacom, Inc. Class B | 3,859 | 119,861 | ||||||
Walt Disney Co. (The) | 5,317 | 534,039 | ||||||
WideOpenWest, Inc.*(a) | 789 | 5,641 | ||||||
World Wrestling Entertainment, Inc. Class A | 167 | 6,014 | ||||||
|
| |||||||
Total Media | 2,348,210 | |||||||
Metals & Mining – 0.5% | ||||||||
Alcoa Corp.* | 465 | 20,907 | ||||||
Carpenter Technology Corp. | 133 | 5,868 | ||||||
Cleveland-Cliffs, Inc.* | 1,714 | 11,912 | ||||||
Compass Minerals International, Inc.(a) | 148 | 8,924 | ||||||
Freeport-McMoRan, Inc.* | 4,268 | 74,989 | ||||||
Kaiser Aluminum Corp. | 85 | 8,577 | ||||||
Materion Corp. | 123 | 6,279 | ||||||
Nucor Corp. | 1,114 | 68,054 | ||||||
Reliance Steel & Aluminum Co. | 265 | 22,721 | ||||||
Royal Gold, Inc. | 129 | 11,077 | ||||||
Steel Dynamics, Inc. | 822 | 36,349 | ||||||
United States Steel Corp. | 262 | 9,220 | ||||||
Warrior Met Coal, Inc.(a) | 1,032 | 28,906 | ||||||
Worthington Industries, Inc. | 289 | 12,404 | ||||||
|
| |||||||
Total Metals & Mining | 326,187 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 107 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
Multi-Utilities – 0.8% | ||||||||
Ameren Corp. | 519 | $ | 29,391 | |||||
Black Hills Corp. | 191 | 10,371 | ||||||
CenterPoint Energy, Inc. | 1,369 | 37,511 | ||||||
CMS Energy Corp. | 687 | 31,114 | ||||||
Consolidated Edison, Inc. | 794 | 61,884 | ||||||
Dominion Energy, Inc. | 1,601 | 107,955 | ||||||
DTE Energy Co. | 545 | 56,898 | ||||||
MDU Resources Group, Inc. | 616 | 17,347 | ||||||
NiSource, Inc. | 803 | 19,200 | ||||||
NorthWestern Corp. | 225 | 12,105 | ||||||
Public Service Enterprise Group, Inc. | 534 | 26,828 | ||||||
SCANA Corp. | 602 | 22,605 | ||||||
Sempra Energy | 613 | 68,178 | ||||||
Vectren Corp. | 265 | 16,939 | ||||||
WEC Energy Group, Inc. | 910 | 57,057 | ||||||
|
| |||||||
Total Multi-Utilities | 575,383 | |||||||
Multiline Retail – 0.7% | ||||||||
Big Lots, Inc.(a) | 179 | 7,792 | ||||||
Dillard’s, Inc. Class A(a) | 139 | 11,167 | ||||||
Dollar General Corp. | 807 | 75,495 | ||||||
Dollar Tree, Inc.* | 565 | 53,618 | ||||||
Kohl’s Corp. | 776 | 50,836 | ||||||
Macy’s, Inc. | 1,635 | 48,625 | ||||||
Nordstrom, Inc. | 693 | 33,548 | ||||||
Ollie’s Bargain Outlet Holdings, Inc.* | 133 | 8,020 | ||||||
Target Corp. | 2,619 | 181,837 | ||||||
|
| |||||||
Total Multiline Retail | 470,938 | |||||||
Oil, Gas & Consumable Fuels – 2.9% | ||||||||
Andeavor | 368 | 37,006 | ||||||
Apache Corp. | 1,020 | 39,250 | ||||||
Carrizo Oil & Gas, Inc.* | 355 | 5,680 | ||||||
Chevron Corp. | 3,321 | 378,727 | ||||||
Cimarex Energy Co. | 213 | 19,915 | ||||||
Concho Resources, Inc.* | 253 | 38,033 | ||||||
ConocoPhillips | 102 | 6,048 | ||||||
Delek U.S. Holdings, Inc. | 129 | 5,250 | ||||||
Devon Energy Corp. | 2,486 | 79,030 | ||||||
Diamondback Energy, Inc.* | 229 | 28,973 | ||||||
Exxon Mobil Corp. | 9,620 | 717,748 | ||||||
HollyFrontier Corp. | 458 | 22,378 | ||||||
Kinder Morgan, Inc. | 4,242 | 63,884 | ||||||
Laredo Petroleum, Inc.* | 813 | 7,081 | ||||||
Marathon Petroleum Corp. | 1,521 | 111,200 | ||||||
Matador Resources Co.* | 495 | 14,805 | ||||||
Newfield Exploration Co.* | 756 | 18,462 | ||||||
Occidental Petroleum Corp. | 513 | 33,324 | ||||||
ONEOK, Inc. | 478 | 27,208 | ||||||
Par Pacific Holdings, Inc.* | 374 | 6,422 | ||||||
PBF Energy, Inc. Class A | 437 | 14,814 | ||||||
Phillips 66 | 1,221 | 117,118 | ||||||
Pioneer Natural Resources Co. | 56 | 9,620 | ||||||
RSP Permian, Inc.* | 184 | 8,626 | ||||||
Southwestern Energy Co.* | 3,632 | $ | 15,727 | |||||
SRC Energy, Inc.* | 837 | 7,893 | ||||||
Stone Energy Corp.* | 670 | 24,857 | ||||||
Valero Energy Corp. | 1,402 | 130,064 | ||||||
W&T Offshore, Inc.* | 2,076 | 9,197 | ||||||
Williams Cos., Inc. (The) | 1,008 | 25,059 | ||||||
|
| |||||||
Total Oil, Gas & Consumable Fuels | 2,023,399 | |||||||
Paper & Forest Products – 0.1% | ||||||||
Domtar Corp. | 254 | 10,805 | ||||||
Louisiana-Pacific Corp. | 750 | 21,578 | ||||||
Neenah, Inc. | 98 | 7,683 | ||||||
Schweitzer-Mauduit International, Inc. | 172 | 6,734 | ||||||
|
| |||||||
Total Paper & Forest Products | 46,800 | |||||||
Personal Products – 0.2% | ||||||||
Edgewell Personal Care Co.* | 224 | 10,936 | ||||||
Estee Lauder Cos., Inc. (The) Class A | 662 | 99,115 | ||||||
Nu Skin Enterprises, Inc. Class A | 127 | 9,361 | ||||||
USANA Health Sciences, Inc.* | 75 | 6,442 | ||||||
|
| |||||||
Total Personal Products | 125,854 | |||||||
Pharmaceuticals – 3.1% | ||||||||
Bristol-Myers Squibb Co. | 3,834 | 242,501 | ||||||
Catalent, Inc.* | 168 | 6,898 | ||||||
Eli Lilly & Co. | 1,563 | 120,929 | ||||||
Innoviva, Inc.* | 570 | 9,502 | ||||||
Johnson & Johnson | 7,092 | 908,840 | ||||||
Merck & Co., Inc. | 3,636 | 198,053 | ||||||
Pfizer, Inc. | 16,874 | 598,858 | ||||||
Phibro Animal Health Corp. Class A | 222 | 8,813 | ||||||
Prestige Brands Holdings, Inc.*(a) | 159 | 5,362 | ||||||
Supernus Pharmaceuticals, Inc.* | 130 | 5,954 | ||||||
Zoetis, Inc. | 810 | 67,643 | ||||||
|
| |||||||
Total Pharmaceuticals | 2,173,353 | |||||||
Professional Services – 0.3% | ||||||||
ASGN, Inc.* | 100 | 8,188 | ||||||
CoStar Group, Inc.* | 24 | 8,704 | ||||||
Dun & Bradstreet Corp. (The) | 107 | 12,519 | ||||||
Equifax, Inc. | 287 | 33,812 | ||||||
Exponent, Inc. | 96 | 7,550 | ||||||
FTI Consulting, Inc.* | 134 | 6,487 | ||||||
Kelly Services, Inc. Class A | 299 | 8,683 | ||||||
Korn/Ferry International | 219 | 11,298 | ||||||
ManpowerGroup, Inc. | 207 | 23,826 | ||||||
Robert Half International, Inc. | 387 | 22,403 | ||||||
TransUnion* | 332 | 18,851 | ||||||
TriNet Group, Inc.* | 227 | 10,515 | ||||||
TrueBlue, Inc.* | 199 | 5,154 | ||||||
Verisk Analytics, Inc.* | 314 | 32,656 | ||||||
WageWorks, Inc.* | 81 | 3,661 | ||||||
|
| |||||||
Total Professional Services | 214,307 | |||||||
Real Estate Management & Development – 0.2% | ||||||||
CBRE Group, Inc. Class A* | 1,070 | 50,525 | ||||||
Forestar Group, Inc.*(a) | 355 | 7,508 |
See Notes to Financial Statements.
108 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
HFF, Inc. Class A | 207 | $ | 10,288 | |||||
Howard Hughes Corp. (The)* | 44 | 6,122 | ||||||
Jones Lang LaSalle, Inc. | 147 | 25,672 | ||||||
Marcus & Millichap, Inc.* | 269 | 9,700 | ||||||
Realogy Holdings Corp. | 568 | 15,495 | ||||||
|
| |||||||
Total Real Estate Management & Development | 125,310 | |||||||
Road & Rail – 0.9% | ||||||||
AMERCO | 50 | 17,255 | ||||||
Avis Budget Group, Inc.*(a) | 194 | 9,087 | ||||||
CSX Corp. | 1,885 | 105,013 | ||||||
Genesee & Wyoming, Inc. Class A* | 82 | 5,805 | ||||||
Heartland Express, Inc. | 326 | 5,865 | ||||||
JB Hunt Transport Services, Inc. | 251 | 29,405 | ||||||
Kansas City Southern | 308 | 33,834 | ||||||
Landstar System, Inc. | 98 | 10,746 | ||||||
Norfolk Southern Corp. | 794 | 107,809 | ||||||
Old Dominion Freight Line, Inc. | 124 | 18,224 | ||||||
Ryder System, Inc. | 155 | 11,282 | ||||||
Saia, Inc.* | 118 | 8,868 | ||||||
Schneider National, Inc. Class B | 459 | 11,961 | ||||||
Union Pacific Corp. | 2,132 | 286,605 | ||||||
|
| |||||||
Total Road & Rail | 661,759 | |||||||
Semiconductors & Semiconductor Equipment – 4.2% | ||||||||
Advanced Energy Industries, Inc.* | 196 | 12,524 | ||||||
Amkor Technology, Inc.* | 1,555 | 15,752 | ||||||
Analog Devices, Inc. | 485 | 44,198 | ||||||
Applied Materials, Inc. | 4,100 | 228,001 | ||||||
Brooks Automation, Inc. | 223 | 6,039 | ||||||
Cabot Microelectronics Corp. | 89 | 9,533 | ||||||
Cirrus Logic, Inc.* | 272 | 11,051 | ||||||
Entegris, Inc. | 263 | 9,152 | ||||||
Integrated Device Technology, Inc.* | 236 | 7,212 | ||||||
Intel Corp. | 19,507 | 1,015,925 | ||||||
KLA-Tencor Corp. | 605 | 65,951 | ||||||
Lam Research Corp. | 671 | 136,320 | ||||||
Maxim Integrated Products, Inc. | 660 | 39,745 | ||||||
Microchip Technology, Inc.(a) | 388 | 35,448 | ||||||
Micron Technology, Inc.* | 7,182 | 374,469 | ||||||
Microsemi Corp.* | 222 | 14,368 | ||||||
MKS Instruments, Inc. | 212 | 24,518 | ||||||
Monolithic Power Systems, Inc. | 60 | 6,946 | ||||||
NVIDIA Corp. | 842 | 194,999 | ||||||
ON Semiconductor Corp.* | 1,287 | 31,480 | ||||||
Power Integrations, Inc. | 74 | 5,058 | ||||||
QUALCOMM, Inc. | 4,462 | 247,239 | ||||||
Silicon Laboratories, Inc.* | 75 | 6,743 | ||||||
Skyworks Solutions, Inc. | 634 | 63,565 | ||||||
Teradyne, Inc. | 674 | 30,809 | ||||||
Texas Instruments, Inc. | 2,662 | 276,555 | ||||||
Ultra Clean Holdings, Inc.* | 262 | 5,044 | ||||||
Versum Materials, Inc. | 365 | 13,735 | ||||||
Xilinx, Inc. | 527 | 38,070 | ||||||
|
| |||||||
Total Semiconductors & Semiconductor Equipment | 2,970,449 | |||||||
Software – 4.0% | ||||||||
ACI Worldwide, Inc.* | 265 | $ | 6,286 | |||||
Activision Blizzard, Inc. | 1,049 | 70,766 | ||||||
Adobe Systems, Inc.* | 590 | 127,487 | ||||||
ANSYS, Inc.* | 107 | 16,766 | ||||||
Aspen Technology, Inc.* | 171 | 13,490 | ||||||
Blackbaud, Inc. | 58 | 5,905 | ||||||
CA, Inc. | 1,315 | 44,579 | ||||||
Cadence Design Systems, Inc.* | 285 | 10,479 | ||||||
CDK Global, Inc. | 279 | 17,672 | ||||||
Citrix Systems, Inc.* | 357 | 33,130 | ||||||
Electronic Arts, Inc.* | 689 | 83,534 | ||||||
Ellie Mae, Inc.* | 57 | 5,241 | ||||||
Fortinet, Inc.* | 134 | 7,180 | ||||||
Intuit, Inc. | 370 | 64,139 | ||||||
Manhattan Associates, Inc.* | 244 | 10,219 | ||||||
Microsoft Corp. | 16,815 | 1,534,705 | ||||||
MicroStrategy, Inc. Class A* | 53 | 6,836 | ||||||
Oracle Corp. | 11,975 | 547,856 | ||||||
Paycom Software, Inc.*(a) | 87 | 9,343 | ||||||
Pegasystems, Inc. | 103 | 6,247 | ||||||
Qualys, Inc.* | 93 | 6,766 | ||||||
Red Hat, Inc.* | 144 | 21,529 | ||||||
SS&C Technologies Holdings, Inc. | 326 | 17,487 | ||||||
Synopsys, Inc.* | 109 | 9,073 | ||||||
Take-Two Interactive Software, Inc.* | 94 | 9,191 | ||||||
Tyler Technologies, Inc.* | 49 | 10,337 | ||||||
VMware, Inc. Class A* | 677 | 82,100 | ||||||
|
| |||||||
Total Software | 2,778,343 | |||||||
Specialty Retail – 2.6% | ||||||||
Aaron’s, Inc. | 226 | 10,532 | ||||||
Advance Auto Parts, Inc. | 220 | 26,081 | ||||||
American Eagle Outfitters, Inc. | 763 | 15,207 | ||||||
Asbury Automotive Group, Inc.* | 174 | 11,745 | ||||||
AutoNation, Inc.* | 439 | 20,536 | ||||||
AutoZone, Inc.* | 106 | 68,761 | ||||||
Bed Bath & Beyond, Inc. | 1,496 | 31,401 | ||||||
Best Buy Co., Inc. | 1,165 | 81,538 | ||||||
Burlington Stores, Inc.* | 164 | 21,837 | ||||||
Caleres, Inc. | 226 | 7,594 | ||||||
CarMax, Inc.* | 624 | 38,651 | ||||||
Cato Corp. (The) Class A | 254 | 3,744 | ||||||
Chico’s FAS, Inc. | 812 | 7,340 | ||||||
Children’s Place, Inc. (The) | 50 | 6,763 | ||||||
Dick’s Sporting Goods, Inc. | 610 | 21,381 | ||||||
DSW, Inc. Class A | 359 | 8,063 | ||||||
Floor & Decor Holdings, Inc. Class A* | 129 | 6,723 | ||||||
Foot Locker, Inc. | 758 | 34,519 | ||||||
GameStop Corp. Class A(a) | 1,157 | 14,601 | ||||||
Gap, Inc. (The) | 1,544 | 48,173 | ||||||
Group 1 Automotive, Inc. | 104 | 6,795 | ||||||
Home Depot, Inc. (The) | 2,847 | 507,449 | ||||||
L Brands, Inc. | 1,048 | 40,044 |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 109 |
Table of Contents
Schedule of Investments (continued)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
Lithia Motors, Inc. Class A | 114 | $ | 11,459 | |||||
Lowe’s Cos., Inc. | 2,524 | 221,481 | ||||||
Michaels Cos., Inc. (The)* | 1,050 | 20,696 | ||||||
Monro, Inc. | 133 | 7,129 | ||||||
Murphy USA, Inc.* | 126 | 9,173 | ||||||
O’Reilly Automotive, Inc.* | 262 | 64,814 | ||||||
Office Depot, Inc. | 5,246 | 11,279 | ||||||
Party City Holdco, Inc.*(a) | 646 | 10,078 | ||||||
Penske Automotive Group, Inc. | 469 | 20,791 | ||||||
Ross Stores, Inc. | 990 | 77,200 | ||||||
Sally Beauty Holdings, Inc.* | 800 | 13,160 | ||||||
Sleep Number Corp.* | 154 | 5,413 | ||||||
Tiffany & Co. | 303 | 29,591 | ||||||
TJX Cos., Inc. (The) | 2,013 | 164,180 | ||||||
Tractor Supply Co. | 404 | 25,460 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 131 | 26,759 | ||||||
Urban Outfitters, Inc.* | 367 | 13,564 | ||||||
Williams-Sonoma, Inc.(a) | 371 | 19,574 | ||||||
Winmark Corp. | 53 | 6,932 | ||||||
|
| |||||||
Total Specialty Retail | 1,798,211 | |||||||
Technology Hardware, Storage & Peripherals – 4.7% | ||||||||
Apple, Inc. | 17,443 | 2,926,587 | ||||||
Hewlett Packard Enterprise Co. | 1,692 | 29,678 | ||||||
HP, Inc. | 7,225 | 158,372 | ||||||
NCR Corp.* | 460 | 14,499 | ||||||
NetApp, Inc. | 686 | 42,319 | ||||||
Super Micro Computer, Inc.*(a) | 284 | 4,828 | ||||||
Western Digital Corp. | 1,075 | 99,190 | ||||||
Xerox Corp. | 1,118 | 32,176 | ||||||
|
| |||||||
Total Technology Hardware, Storage & Peripherals | 3,307,649 | |||||||
Textiles, Apparel & Luxury Goods – 0.7% | ||||||||
Carter’s, Inc. | 152 | 15,823 | ||||||
Columbia Sportswear Co. | 196 | 14,980 | ||||||
Hanesbrands, Inc.(a) | 1,779 | 32,769 | ||||||
NIKE, Inc. Class B | 3,918 | 260,312 | ||||||
Oxford Industries, Inc. | 85 | 6,338 | ||||||
PVH Corp. | 245 | 37,100 | ||||||
Ralph Lauren Corp. | 56 | 6,261 | ||||||
Skechers U.S.A., Inc. Class A* | 467 | 18,162 | ||||||
Steven Madden Ltd. | 204 | 8,956 | ||||||
Tapestry, Inc. | 660 | 34,723 | ||||||
Under Armour, Inc. Class A*(a) | 718 | 11,739 | ||||||
VF Corp. | 949 | 70,340 | ||||||
Wolverine World Wide, Inc. | 186 | 5,375 | ||||||
|
| |||||||
Total Textiles, Apparel & Luxury Goods | 522,878 | |||||||
Thrifts & Mortgage Finance – 0.3% | ||||||||
BofI Holding, Inc.* | 409 | 16,577 | ||||||
Capitol Federal Financial, Inc. | 725 | 8,954 | ||||||
Dime Community Bancshares, Inc. | 430 | 7,912 | ||||||
Federal Agricultural Mortgage Corp. Class C | 134 | 11,661 | ||||||
LendingTree, Inc.*(a) | 14 | 4,594 | ||||||
Meta Financial Group, Inc. | 74 | 8,081 | ||||||
MGIC Investment Corp.* | 1,753 | $ | 22,789 | |||||
Nationstar Mortgage Holdings, Inc.* | 739 | 13,272 | ||||||
New York Community Bancorp, Inc. | 1,679 | 21,877 | ||||||
NMI Holdings, Inc. Class A* | 529 | 8,755 | ||||||
Northwest Bancshares, Inc. | 678 | 11,228 | ||||||
PennyMac Financial Services, Inc. Class A* | 419 | 9,490 | ||||||
Provident Financial Services, Inc. | 368 | 9,417 | ||||||
Radian Group, Inc. | 984 | 18,735 | ||||||
TFS Financial Corp. | 402 | 5,905 | ||||||
Walker & Dunlop, Inc. | 213 | 12,657 | ||||||
Washington Federal, Inc. | 350 | 12,110 | ||||||
WSFS Financial Corp. | 205 | 9,820 | ||||||
|
| |||||||
Total Thrifts & Mortgage Finance | 213,834 | |||||||
Tobacco – 1.8% | ||||||||
Altria Group, Inc. | 13,213 | 823,434 | ||||||
Philip Morris International, Inc. | 3,995 | 397,103 | ||||||
Universal Corp. | 106 | 5,141 | ||||||
|
| |||||||
Total Tobacco | 1,225,678 | |||||||
Trading Companies & Distributors – 0.3% | ||||||||
Air Lease Corp. | 551 | 23,484 | ||||||
Applied Industrial Technologies, Inc. | 139 | 10,133 | ||||||
Fastenal Co. | 646 | 35,265 | ||||||
GATX Corp. | 213 | 14,588 | ||||||
GMS, Inc.* | 144 | 4,401 | ||||||
HD Supply Holdings, Inc.* | 437 | 16,580 | ||||||
Kaman Corp. | 160 | 9,939 | ||||||
MSC Industrial Direct Co., Inc. Class A | 173 | 15,866 | ||||||
Rush Enterprises, Inc. Class A* | 137 | 5,821 | ||||||
SiteOne Landscape Supply, Inc.* | 86 | 6,625 | ||||||
United Rentals, Inc.* | 219 | 37,828 | ||||||
W.W. Grainger, Inc. | 145 | 40,929 | ||||||
Watsco, Inc. | 20 | 3,619 | ||||||
WESCO International, Inc.* | 213 | 13,217 | ||||||
|
| |||||||
Total Trading Companies & Distributors | 238,295 | |||||||
Transportation Infrastructure – 0.0% | ||||||||
Macquarie Infrastructure Corp. | 172 | 6,352 | ||||||
Water Utilities – 0.1% | ||||||||
American Water Works Co., Inc. | 375 | 30,799 | ||||||
Aqua America, Inc. | 271 | 9,230 | ||||||
SJW Group | 145 | 7,643 | ||||||
|
| |||||||
Total Water Utilities | 47,672 | |||||||
Wireless Telecommunication Services – 0.2% | ||||||||
T-Mobile U.S., Inc.* | 2,130 | 130,015 | ||||||
Telephone & Data Systems, Inc. | 164 | 4,597 | ||||||
United States Cellular Corp.* | 123 | 4,943 | ||||||
|
| |||||||
Total Wireless Telecommunication Services | 139,555 | |||||||
TOTAL COMMON STOCKS (Cost: $57,243,108) | 69,837,665 |
See Notes to Financial Statements.
110 | WisdomTree Domestic Equity Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree U.S. Total Earnings Fund (EXT)
March 31, 2018
Investments | Shares | Value | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% | ||||||||
United States – 0.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b) | ||||||||
(Cost: $315,983)(c) | 315,983 | $ | 315,983 | |||||
TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $57,559,091) | 70,153,648 | |||||||
Other Assets less Liabilities – (0.3)% |
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NET ASSETS �� 100.0% | $ | 69,946,299 |
* | Non-income producing security. |
(a) | Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). |
(b) | Rate shown represents annualized 7-day yield as of March 31, 2018. |
(c) | At March 31, 2018, the total market value of the Fund’s securities on loan was $523,001 and the total market value of the collateral held by the Fund was $538,988. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $223,005. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 111 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Domestic Equity Funds
March 31, 2018
WisdomTree U.S. Dividend ex-Financials Fund | WisdomTree U.S. Earnings 500 Fund | WisdomTree U.S. High Dividend Fund | WisdomTree U.S. LargeCap Dividend Fund | WisdomTree U.S. MidCap Dividend Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 766,082,385 | $ | 152,033,250 | $ | 1,035,162,679 | $ | 1,658,470,889 | $ | 2,863,798,756 | ||||||||||
Investment in affiliates, at cost (Note 3) | 1,810,853 | 205,098 | 2,979,284 | — | 1,571,391 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 808,496,223 | 184,527,771 | 1,034,974,707 | 1,931,015,031 | 3,102,670,847 | |||||||||||||||
Investment in affiliates, at value (Note 3) | 1,828,217 | 204,565 | 3,058,050 | — | 1,487,251 | |||||||||||||||
Cash | 638,807 | 102,167 | 859,850 | 1,218,298 | 2,373,319 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | — | — | 10,219,496 | 8,847,876 | — | |||||||||||||||
Dividends | 1,434,943 | 186,804 | 2,466,997 | 2,693,067 | 6,685,075 | |||||||||||||||
Securities lending income | 1,882 | 513 | 8,591 | 3,406 | 53,737 | |||||||||||||||
Total Assets | 812,400,072 | 185,021,820 | 1,051,587,691 | 1,943,777,678 | 3,113,270,229 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 1,620,500 | 164,281 | 5,724,612 | 897,917 | 47,791,085 | |||||||||||||||
Capital shares redeemed | — | — | 10,216,721 | 8,849,205 | — | |||||||||||||||
Advisory fees (Note 3) | 266,762 | 44,096 | 347,138 | 471,457 | 990,621 | |||||||||||||||
Service fees (Note 2) | 3,104 | 695 | 4,039 | 7,424 | 11,484 | |||||||||||||||
Total Liabilities | 1,890,366 | 209,072 | 16,292,510 | 10,226,003 | 48,793,190 | |||||||||||||||
NET ASSETS | $ | 810,509,706 | $ | 184,812,748 | $ | 1,035,295,181 | $ | 1,933,551,675 | $ | 3,064,477,039 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 772,750,518 | $ | 156,780,109 | $ | 1,059,137,068 | $ | 1,687,775,839 | $ | 2,861,685,902 | ||||||||||
Undistributed (Distributions in excess of) net investment income | — | 171,084 | (1,168 | ) | 224,829 | 1,247,018 | ||||||||||||||
Accumulated net realized loss on investments | (4,672,014 | ) | (4,632,433 | ) | (23,731,513 | ) | (26,993,135 | ) | (37,243,832 | ) | ||||||||||
Net unrealized appreciation (depreciation) on investments | 42,431,202 | 32,493,988 | (109,206 | ) | 272,544,142 | 238,787,951 | ||||||||||||||
NET ASSETS | $ | 810,509,706 | $ | 184,812,748 | $ | 1,035,295,181 | $ | 1,933,551,675 | $ | 3,064,477,039 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 9,600,000 | 6,100,000 | 15,200,000 | 21,850,000 | 89,850,000 | |||||||||||||||
Net asset value per share | $ | 84.43 | $ | 30.30 | $ | 68.11 | $ | 88.49 | $ | 34.11 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 1,605,427 | $ | 421,554 | $ | 9,183,070 | $ | 2,678,592 | $ | 73,769,348 | ||||||||||
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2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
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See Notes to Financial Statements.
112 | WisdomTree Domestic Equity Funds |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree Domestic Equity Funds
March 31, 2018
WisdomTree U.S. MidCap Earnings Fund | WisdomTree U.S. Multifactor Fund | WisdomTree U.S. Quality Dividend Growth Fund | WisdomTree U.S. Quality Shareholder Yield Fund | WisdomTree U.S. SmallCap Dividend Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 970,225,102 | $ | 5,568,618 | $ | 1,872,713,158 | $ | 43,969,156 | $ | 2,057,928,332 | ||||||||||
Investment in affiliates, at cost (Note 3) | 2,073,717 | — | — | — | 10,467,137 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 1,060,174,113 | 5,645,506 | 2,063,509,388 | 44,786,099 | 2,066,434,623 | |||||||||||||||
Investment in affiliates, at value (Note 3) | 2,110,629 | — | — | — | 10,549,153 | |||||||||||||||
Cash | 1,060,438 | 13,146 | 1,407,551 | 33,845 | 1,851,151 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | — | — | 5,392,421 | — | — | |||||||||||||||
Capital shares sold | — | — | 7,954,872 | — | — | |||||||||||||||
Dividends | 1,586,486 | 5,198 | 1,883,073 | 56,960 | 5,946,560 | |||||||||||||||
Securities lending income | 56,958 | 59 | 3,379 | 248 | 254,747 | |||||||||||||||
Total Assets | 1,064,988,624 | 5,663,909 | 2,080,150,684 | 44,877,152 | 2,085,036,234 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 29,485,872 | 67,574 | 1,751,217 | 395,892 | 119,114,409 | |||||||||||||||
Investment securities purchased | — | 12,615 | 13,586,296 | — | — | |||||||||||||||
Advisory fees (Note 3) | 334,437 | 1,321 | 499,995 | 14,620 | 637,095 | |||||||||||||||
Service fees (Note 2) | 3,885 | 22 | 7,856 | 170 | 7,412 | |||||||||||||||
Total Liabilities | 29,824,194 | 81,532 | 15,845,364 | 410,682 | 119,758,916 | |||||||||||||||
NET ASSETS | $ | 1,035,164,430 | $ | 5,582,377 | $ | 2,064,305,320 | $ | 44,466,470 | $ | 1,965,277,318 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 972,196,552 | $ | 5,571,330 | $ | 1,878,331,416 | $ | 43,926,785 | $ | 2,036,056,719 | ||||||||||
Undistributed net investment income | 1,228,287 | 5,315 | 480,177 | 27,184 | 1,179,069 | |||||||||||||||
Accumulated net realized loss on investments | (28,246,332 | ) | (71,156 | ) | (5,302,503 | ) | (304,442 | ) | (80,546,777 | ) | ||||||||||
Net unrealized appreciation on investments | 89,985,923 | 76,888 | 190,796,230 | 816,943 | 8,588,307 | |||||||||||||||
NET ASSETS | $ | 1,035,164,430 | $ | 5,582,377 | $ | 2,064,305,320 | $ | 44,466,470 | $ | 1,965,277,318 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 26,800,000 | 200,000 | 51,200,000 | 550,000 | 71,650,000 | |||||||||||||||
Net asset value per share | $ | 38.63 | $ | 27.91 | $ | 40.32 | $ | 80.85 | $ | 27.43 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 42,859,326 | $ | 66,083 | $ | 5,471,938 | $ | 608,291 | $ | 226,965,658 | ||||||||||
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2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
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See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 113 |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree Domestic Equity Funds
March 31, 2018
WisdomTree U.S. SmallCap Earnings Fund | WisdomTree U.S. SmallCap Quality Dividend Growth Fund | WisdomTree U.S. Total Dividend Fund | WisdomTree U.S. Total Earnings Fund | |||||||||||||
ASSETS: | ||||||||||||||||
Investments, at cost | $ | 580,166,441 | $ | 106,186,785 | $ | 470,522,675 | $ | 57,559,091 | ||||||||
Investment in affiliates, at cost (Note 3) | 607,610 | — | 10,364 | — | ||||||||||||
Investments in securities, at value1,2 (Note 2) | 630,976,982 | 106,836,383 | 579,435,736 | 70,153,648 | ||||||||||||
Investment in affiliates, at value (Note 3) | 681,155 | — | 11,117 | — | ||||||||||||
Cash | 367,524 | 167,353 | 500,481 | 49,308 | ||||||||||||
Receivables: | ||||||||||||||||
Dividends | 455,423 | 202,476 | 975,389 | 75,829 | ||||||||||||
Securities lending income | 92,533 | 8,415 | 4,021 | 784 | ||||||||||||
Total Assets | 632,573,617 | 107,214,627 | 580,926,744 | 70,279,569 | ||||||||||||
LIABILITIES: | ||||||||||||||||
Payables: | ||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 43,382,452 | 5,972,237 | 1,550,841 | 315,983 | ||||||||||||
Investment securities purchased | — | 148,400 | — | — | ||||||||||||
Advisory fees (Note 3) | 189,759 | 33,433 | 142,159 | 17,020 | ||||||||||||
Service fees (Note 2) | 2,202 | 387 | 2,236 | 267 | ||||||||||||
Total Liabilities | 43,574,413 | 6,154,457 | 1,695,236 | 333,270 | ||||||||||||
NET ASSETS | $ | 588,999,204 | $ | 101,060,170 | $ | 579,231,508 | $ | 69,946,299 | ||||||||
NET ASSETS: | ||||||||||||||||
Paid-in capital | $ | 564,601,806 | $ | 109,229,080 | $ | 478,649,466 | $ | 58,273,160 | ||||||||
Undistributed net investment income | 377,733 | 36,508 | 60,597 | 66,563 | ||||||||||||
Accumulated net realized loss on investments | (26,864,421 | ) | (8,855,016 | ) | (8,392,369 | ) | (987,981 | ) | ||||||||
Net unrealized appreciation on investments | 50,884,086 | 649,598 | 108,913,814 | 12,594,557 | ||||||||||||
NET ASSETS | $ | 588,999,204 | $ | 101,060,170 | $ | 579,231,508 | $ | 69,946,299 | ||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 16,500,000 | 2,950,000 | 6,500,000 | 2,250,000 | ||||||||||||
Net asset value per share | $ | 35.70 | $ | 34.26 | $ | 89.11 | $ | 31.09 | ||||||||
1 Includes market value of securities out on loan of: | $ | 68,673,262 | $ | 7,723,551 | $ | 4,376,439 | $ | 523,001 | ||||||||
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2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
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See Notes to Financial Statements.
114 | WisdomTree Domestic Equity Funds |
Table of Contents
WisdomTree Domestic Equity Funds
For the Year Ended March 31, 2018
WisdomTree U.S. Dividend ex- Financials Fund | WisdomTree U.S. Earnings 500 Fund | WisdomTree U.S. High Dividend Fund | WisdomTree U.S. LargeCap Dividend Fund | WisdomTree U.S. MidCap Dividend Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends1 | $ | 31,290,021 | $ | 3,173,888 | $ | 42,761,965 | $ | 55,646,381 | $ | 77,757,967 | ||||||||||
Dividends from affiliates (Note 3) | 87,271 | 15,936 | 125,565 | 137,109 | 161,342 | |||||||||||||||
Securities lending income (Note 2) | 88,353 | 5,020 | 121,828 | 40,698 | 1,099,644 | |||||||||||||||
Total investment income | 31,465,645 | 3,194,844 | 43,009,358 | 55,824,188 | 79,018,953 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 3,320,076 | 428,271 | 4,602,234 | 5,540,671 | 11,335,796 | |||||||||||||||
Service fees (Note 2) | 38,443 | 6,731 | 53,290 | 87,068 | 131,257 | |||||||||||||||
Legal fees (Note 2) | — | — | 784 | — | 2,579 | |||||||||||||||
Total expenses | 3,358,519 | 435,002 | 4,656,308 | 5,627,739 | 11,469,632 | |||||||||||||||
Expense waivers (Note 3) | (7,479 | ) | (290 | ) | (10,032 | ) | (7,397 | ) | (12,950 | ) | ||||||||||
Net expenses | 3,351,040 | 434,712 | 4,646,276 | 5,620,342 | 11,456,682 | |||||||||||||||
Net investment income | 28,114,605 | 2,760,132 | 38,363,082 | 50,203,846 | 67,562,271 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | 47,934,898 | 4,906,978 | 27,235,775 | 51,142,229 | 14,712,475 | |||||||||||||||
Investment transactions in affiliates (Note 3) | 26,152 | (4,626 | ) | 17,141 | (4,074 | ) | 313,867 | |||||||||||||
In-kind redemptions | 20,128,893 | 671,581 | 70,691,535 | 54,919,366 | 136,575,890 | |||||||||||||||
Net realized gain | 68,089,943 | 5,573,933 | 97,944,451 | 106,057,521 | 151,602,232 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | (45,889,978 | ) | 8,714,316 | (97,797,886 | ) | 22,735,417 | (11,367,758 | ) | ||||||||||||
Net realized and unrealized gain on investments | 22,199,965 | 14,288,249 | 146,565 | 128,792,938 | 140,234,474 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 50,314,570 | $ | 17,048,381 | $ | 38,509,647 | $ | 178,996,784 | $ | 207,796,745 | ||||||||||
1 Net of foreign withholding tax of: | — | — | — | — | $ | 1 | ||||||||||||||
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See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 115 |
Table of Contents
Statements of Operations (continued)
WisdomTree Domestic Equity Funds
For the Year or Period Ended March 31, 2018
WisdomTree U.S. MidCap Earnings Fund | WisdomTree U.S. Multifactor Fund1 | WisdomTree U.S. Quality Dividend Growth Fund | WisdomTree U.S. Quality Shareholder Yield Fund | WisdomTree U.S. SmallCap Dividend Fund | ||||||||||||||||
INVESTMENT INCOME: | ||||||||||||||||||||
Dividends2 | $ | 14,193,214 | $ | 47,549 | $ | 39,254,940 | $ | 833,188 | $ | 62,812,024 | ||||||||||
Dividends from affiliates (Note 3) | 66,712 | — | — | 2,263 | 352,211 | |||||||||||||||
Interest | 220 | — | — | 7 | 902 | |||||||||||||||
Non-cash dividends | — | — | — | — | 190,987 | |||||||||||||||
Securities lending income (Note 2) | 544,068 | 477 | 54,426 | 7,960 | 2,494,405 | |||||||||||||||
Total investment income | 14,804,214 | 48,026 | 39,309,366 | 843,418 | 65,850,529 | |||||||||||||||
EXPENSES: | ||||||||||||||||||||
Advisory fees (Note 3) | 3,442,012 | 6,917 | 4,844,182 | 172,166 | 7,558,121 | |||||||||||||||
Service fees (Note 2) | 39,855 | 109 | 76,122 | 1,992 | 87,515 | |||||||||||||||
Total expenses | 3,481,867 | 7,026 | 4,920,304 | 174,158 | 7,645,636 | |||||||||||||||
Expense waivers (Note 3) | (6,326 | ) | — | — | (461 | ) | (26,919 | ) | ||||||||||||
Net expenses | 3,475,541 | 7,026 | 4,920,304 | 173,697 | 7,618,717 | |||||||||||||||
Net investment income | 11,328,673 | 41,000 | 34,389,062 | 669,721 | 58,231,812 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment transactions | 37,792,314 | (71,363 | ) | 19,865,983 | 6,829,954 | 38,767,819 | ||||||||||||||
Investment transactions in affiliates (Note 3) | 175,267 | — | — | 17,903 | 655,435 | |||||||||||||||
In-kind redemptions | 41,582,767 | 283,291 | 115,597,623 | 1,489,716 | 126,889,262 | |||||||||||||||
Net realized gain | 79,550,348 | 211,928 | 135,463,606 | 8,337,573 | 166,312,516 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | (2,203,034 | ) | 76,888 | 59,521,255 | (2,235,918 | ) | (128,397,813 | ) | ||||||||||||
Net realized and unrealized gain on investments | 77,347,314 | 288,816 | 194,984,861 | 6,101,655 | 37,914,703 | |||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 88,675,987 | $ | 329,816 | $ | 229,373,923 | $ | 6,771,376 | $ | 96,146,515 | ||||||||||
1 For the period June 29, 2017 (commencement of operations) through March 31, 2018. |
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2 Net of foreign withholding tax of: | $ | 5,994 | — | — | $ | 71 | — | |||||||||||||
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See Notes to Financial Statements.
116 | WisdomTree Domestic Equity Funds |
Table of Contents
Statements of Operations (concluded)
WisdomTree Domestic Equity Funds
For the Year Ended March 31, 2018
WisdomTree U.S. SmallCap Earnings Fund | WisdomTree U.S. SmallCap Quality Dividend Growth Fund | WisdomTree U.S. Total Dividend Fund | WisdomTree U.S. Total Earnings Fund | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Dividends1 | $ | 6,742,277 | $ | 2,575,405 | $ | 17,076,486 | $ | 1,351,658 | ||||||||
Dividends from affiliates (Note 3) | 22,415 | — | 16,754 | — | ||||||||||||
Interest | — | 88 | — | 2 | ||||||||||||
Securities lending income (Note 2) | 938,510 | 112,821 | 45,819 | 8,903 | ||||||||||||
Total investment income | 7,703,202 | 2,688,314 | 17,139,059 | 1,360,563 | ||||||||||||
EXPENSES: | ||||||||||||||||
Advisory fees (Note 3) | 1,995,482 | 389,262 | 1,684,933 | 187,053 | ||||||||||||
Service fees (Note 2) | 23,106 | 4,507 | 26,477 | 2,939 | ||||||||||||
Legal fees (Note 2) | — | — | 324 | — | ||||||||||||
Total expenses | 2,018,588 | 393,769 | 1,711,734 | 189,992 | ||||||||||||
Expense waivers (Note 3) | (3,669 | ) | — | (1,350 | ) | — | ||||||||||
Net expenses | 2,014,919 | 393,769 | 1,710,384 | 189,992 | ||||||||||||
Net investment income | 5,688,283 | 2,294,545 | 15,428,675 | 1,170,571 | ||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||
Investment transactions | 15,595,354 | (3,769,594 | ) | 15,048,001 | 3,663,032 | |||||||||||
Investment transactions in affiliates (Note 3) | 169,312 | — | 106,125 | — | ||||||||||||
In-kind redemptions | 29,317,764 | 10,413,423 | 24,186,078 | 1,609,768 | ||||||||||||
Net realized gain | 45,082,430 | 6,643,829 | 39,340,204 | 5,272,800 | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | 7,485,991 | (2,756,291 | ) | (4,054,877 | ) | 1,491,776 | ||||||||||
Net realized and unrealized gain on investments | 52,568,421 | 3,887,538 | 35,285,327 | 6,764,576 | ||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 58,256,704 | $ | 6,182,083 | $ | 50,714,002 | $ | 7,935,147 | ||||||||
1 Net of foreign withholding tax of: | $ | 898 | — | — | $ | 113 | ||||||||||
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See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 117 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Domestic Equity Funds
WisdomTree U.S. Dividend ex-Financials Fund | WisdomTree U.S. Earnings 500 Fund | WisdomTree U.S. High Dividend Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
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Net investment income | $ | 28,114,605 | $ | 30,053,659 | $ | 2,760,132 | $ | 2,335,052 | $ | 38,363,082 | $ | 39,012,772 | ||||||||||||
Net realized gain on investments | 68,089,943 | 65,773,468 | 5,573,933 | 5,280,772 | 97,944,451 | 74,229,435 | ||||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | (45,889,978 | ) | 21,000,511 | 8,714,316 | 13,715,835 | (97,797,886 | ) | 22,022,849 | ||||||||||||||||
Net increase in net assets resulting from operations | 50,314,570 | 116,827,638 | 17,048,381 | 21,331,659 | 38,509,647 | 135,265,056 | ||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||||||||||||||||||
Net investment income | (28,141,027 | ) | (31,847,340 | ) | (2,586,608 | ) | (2,481,560 | ) | (38,366,808 | ) | (42,845,450 | ) | ||||||||||||
Return of capital | — | (595,266 | ) | — | — | — | — | |||||||||||||||||
Total dividends and distributions | (28,141,027 | ) | (32,442,606 | ) | (2,586,608 | ) | (2,481,560 | ) | (38,366,808 | ) | (42,845,450 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | — | 19,149,617 | 41,622,216 | 3,956,554 | 107,537,497 | 328,739,201 | ||||||||||||||||||
Cost of shares redeemed | (115,015,958 | ) | (116,375,234 | ) | (1,525,680 | ) | (10,963,876 | ) | (335,753,622 | ) | (183,152,735 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (115,015,958 | ) | (97,225,617 | ) | 40,096,536 | (7,007,322 | ) | (228,216,125 | ) | 145,586,466 | ||||||||||||||
Net Increase (Decrease) in Net Assets | (92,842,415 | ) | (12,840,585 | ) | 54,558,309 | 11,842,777 | (228,073,286 | ) | 238,006,072 | |||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of year | $ | 903,352,121 | $ | 916,192,706 | $ | 130,254,439 | $ | 118,411,662 | $ | 1,263,368,467 | $ | 1,025,362,395 | ||||||||||||
End of year | $ | 810,509,706 | $ | 903,352,121 | $ | 184,812,748 | $ | 130,254,439 | $ | 1,035,295,181 | $ | 1,263,368,467 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of year | $ | — | $ | (5 | ) | $ | 171,084 | $ | (2,782 | ) | $ | (1,168 | ) | $ | (21,277 | ) | ||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of year | 10,950,000 | 12,150,000 | 4,800,000 | 1 | 5,100,000 | 1 | 18,450,000 | 16,200,000 | ||||||||||||||||
Shares created | — | 250,000 | 1,350,000 | 1 | 150,000 | 1 | 1,500,000 | 5,000,000 | ||||||||||||||||
Shares redeemed | (1,350,000 | ) | (1,450,000 | ) | (50,000 | )1 | (450,000 | )1 | (4,750,000 | ) | (2,750,000 | ) | ||||||||||||
Shares outstanding, end of year | 9,600,000 | 10,950,000 | 6,100,000 | 1 | 4,800,000 | 1 | 15,200,000 | 18,450,000 |
1 | Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
See Notes to Financial Statements.
118 | WisdomTree Domestic Equity Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Domestic Equity Funds
WisdomTree U.S. LargeCap Dividend Fund | WisdomTree U.S. MidCap Dividend Fund | WisdomTree U.S. MidCap Earnings Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 50,203,846 | $ | 49,585,997 | $ | 67,562,271 | $ | 55,037,084 | $ | 11,328,673 | $ | 10,894,486 | ||||||||||||
Net realized gain on investments | 106,057,521 | 101,999,534 | 151,602,232 | 160,953,022 | 79,550,348 | 48,567,285 | ||||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 22,735,417 | 125,612,519 | (11,367,758 | ) | 110,770,287 | (2,203,034 | ) | 65,963,286 | ||||||||||||||||
Net increase in net assets resulting from operations | 178,996,784 | 277,198,050 | 207,796,745 | 326,760,393 | 88,675,987 | 125,425,057 | ||||||||||||||||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||||||||||||||||||
Net investment income | (49,979,017 | ) | (52,615,941 | ) | (66,312,628 | ) | (61,113,780 | ) | (10,100,147 | ) | (11,824,696 | ) | ||||||||||||
Return of capital | — | — | — | — | — | (741,270 | ) | |||||||||||||||||
Total dividends and distributions | (49,979,017 | ) | (52,615,941 | ) | (66,312,628 | ) | (61,113,780 | ) | (10,100,147 | ) | (12,565,966 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 65,734,319 | 388,403,400 | 517,345,920 | 1,413,552,032 | 265,962,766 | 186,064,822 | ||||||||||||||||||
Cost of shares redeemed | (201,532,333 | ) | (397,912,672 | ) | (416,912,058 | ) | (466,123,762 | ) | (104,207,220 | ) | (167,035,821 | ) | ||||||||||||
Payments by sub-advisor (Note 3) | — | — | — | — | 621 | — | ||||||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (135,798,014 | ) | (9,509,272 | ) | 100,433,862 | 947,428,270 | 161,756,167 | 19,029,001 | ||||||||||||||||
Net Increase (Decrease) in Net Assets | (6,780,247 | ) | 215,072,837 | 241,917,979 | 1,213,074,883 | 240,332,007 | 131,888,092 | |||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of year | $ | 1,940,331,922 | $ | 1,725,259,085 | $ | 2,822,559,060 | $ | 1,609,484,177 | $ | 794,832,423 | $ | 662,944,331 | ||||||||||||
End of year | $ | 1,933,551,675 | $ | 1,940,331,922 | $ | 3,064,477,039 | $ | 2,822,559,060 | $ | 1,035,164,430 | $ | 794,832,423 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of year | $ | 224,829 | $ | — | $ | 1,247,018 | $ | (6,379 | ) | $ | 1,228,287 | $ | (7,750 | ) | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of year | 23,400,000 | 23,500,000 | 86,850,000 | 1 | 56,100,000 | 1 | 22,550,000 | 22,050,000 | 2 | |||||||||||||||
Shares created | 750,000 | 5,000,000 | 15,200,000 | 1 | 45,450,000 | 1 | 6,900,000 | 5,400,000 | 2 | |||||||||||||||
Shares redeemed | (2,300,000 | ) | (5,100,000 | ) | (12,200,000 | )1 | (14,700,000 | )1 | (2,650,000 | ) | (4,900,000 | )2 | ||||||||||||
Shares outstanding, end of year | 21,850,000 | 23,400,000 | 89,850,000 | 1 | 86,850,000 | 1 | 26,800,000 | 22,550,000 | 2 |
1 | Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
2 | Shares were adjusted to reflect a 3:1 stock split effective February 6, 2017. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 119 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Domestic Equity Funds
WisdomTree U.S. Multifactor Fund | WisdomTree U.S. Quality Dividend Growth Fund | WisdomTree U.S. Quality Shareholder Yield Fund | ||||||||||||||||||
For the Period June 29, 2017* through March 31, 2018 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | ||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||
Net investment income | $ | 41,000 | $ | 34,389,062 | $ | 18,908,084 | $ | 669,721 | $ | 2,356,573 | ||||||||||
Net realized gain on investments | 211,928 | 135,463,606 | 10,777,287 | 8,337,573 | 20,364,475 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 76,888 | 59,521,255 | 113,184,310 | (2,235,918 | ) | (927,870 | ) | |||||||||||||
Net increase in net assets resulting from operations | 329,816 | 229,373,923 | 142,869,681 | 6,771,376 | 21,793,178 | |||||||||||||||
DIVIDENDS: | ||||||||||||||||||||
Net investment income | (35,735 | ) | (34,344,320 | ) | (19,234,813 | ) | (642,537 | ) | (2,540,819 | ) | ||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||
Net proceeds from sale of shares | 8,103,820 | 1,022,866,864 | 700,242,109 | — | 190,017,019 | |||||||||||||||
Cost of shares redeemed | (2,815,624 | ) | (444,009,619 | ) | (128,810,462 | ) | (21,380,227 | ) | (287,613,103 | ) | ||||||||||
Payments by sub-advisor (Note 3) | — | 1,034 | — | — | — | |||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 5,288,196 | 578,858,279 | 571,431,647 | (21,380,227 | ) | (97,596,084 | ) | |||||||||||||
Net Increase (Decrease) in Net Assets | 5,582,277 | 773,887,882 | 695,066,515 | (15,251,388 | ) | (78,343,725 | ) | |||||||||||||
NET ASSETS: | ||||||||||||||||||||
Beginning of period | $ | 100 | $ | 1,290,417,438 | $ | 595,350,923 | $ | 59,717,858 | $ | 138,061,583 | ||||||||||
End of period | $ | 5,582,377 | $ | 2,064,305,320 | $ | 1,290,417,438 | $ | 44,466,470 | $ | 59,717,858 | ||||||||||
Undistributed net investment income included in net assets at end of period | $ | 5,315 | $ | 480,177 | $ | 435,435 | $ | 27,184 | $ | — | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||
Shares outstanding, beginning of period | 4 | 36,400,000 | 19,050,000 | 850,000 | 2,200,000 | |||||||||||||||
Shares created | 300,000 | 25,950,000 | 21,200,000 | — | 2,850,000 | |||||||||||||||
Shares redeemed | (100,004 | ) | (11,150,000 | ) | (3,850,000 | ) | (300,000 | ) | (4,200,000 | ) | ||||||||||
Shares outstanding, end of period | 200,000 | 51,200,000 | 36,400,000 | 550,000 | 850,000 |
* | Commencement of operations. |
See Notes to Financial Statements.
120 | WisdomTree Domestic Equity Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Domestic Equity Funds
WisdomTree U.S. SmallCap Dividend Fund | WisdomTree U.S. SmallCap Earnings Fund | WisdomTree U.S. SmallCap Quality Dividend Growth Fund | ||||||||||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 58,231,812 | $ | 45,077,236 | $ | 5,688,283 | $ | 4,393,122 | $ | 2,294,545 | $ | 1,517,383 | ||||||||||||
Net realized gain on investments | 166,312,516 | 170,534,981 | 45,082,430 | 49,135,056 | 6,643,829 | 5,885,590 | ||||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | (128,397,813 | ) | 77,624,833 | 7,485,991 | 42,224,065 | (2,756,291 | ) | 2,158,894 | ||||||||||||||||
Net increase in net assets resulting from operations | 96,146,515 | 293,237,050 | 58,256,704 | 95,752,243 | 6,182,083 | 9,561,867 | ||||||||||||||||||
DIVIDENDS: | ||||||||||||||||||||||||
Net investment income | (57,037,610 | ) | (53,414,249 | ) | (5,289,781 | ) | (5,286,342 | ) | (2,305,555 | ) | (1,556,351 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||||||||||
Net proceeds from sale of shares | 319,890,735 | 1,114,624,891 | 114,044,143 | 144,725,986 | 38,327,495 | 88,367,814 | ||||||||||||||||||
Cost of shares redeemed | (369,197,048 | ) | (595,631,774 | ) | (68,383,642 | ) | (114,787,001 | ) | (43,641,576 | ) | (29,083,798 | ) | ||||||||||||
Payments by sub-advisor (Note 3) | 1,245 | — | 2,213 | — | — | — | ||||||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (49,305,068 | ) | 518,993,117 | 45,662,714 | 29,938,985 | (5,314,081 | ) | 59,284,016 | ||||||||||||||||
Net Increase (Decrease) in Net Assets | (10,196,163 | ) | 758,815,918 | 98,629,637 | 120,404,886 | (1,437,553 | ) | 67,289,532 | ||||||||||||||||
NET ASSETS: | ||||||||||||||||||||||||
Beginning of year | $ | 1,975,473,481 | $ | 1,216,657,563 | $ | 490,369,567 | $ | 369,964,681 | $ | 102,497,723 | $ | 35,208,191 | ||||||||||||
End of year | $ | 1,965,277,318 | $ | 1,975,473,481 | $ | 588,999,204 | $ | 490,369,567 | $ | 101,060,170 | $ | 102,497,723 | ||||||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of year | $ | 1,179,069 | $ | (29,812 | ) | $ | 377,733 | $ | (22,507 | ) | $ | 36,508 | $ | 46,675 | ||||||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||||||||||
Shares outstanding, beginning of year | 73,500,000 | 1 | 53,100,000 | 1 | 15,250,000 | 14,400,000 | 2 | 3,100,000 | 1,250,000 | |||||||||||||||
Shares created | 11,300,000 | 1 | 42,150,000 | 1 | 3,200,000 | 4,450,000 | 2 | 1,100,000 | 2,700,000 | |||||||||||||||
Shares redeemed | (13,150,000 | )1 | (21,750,000 | )1 | (1,950,000 | ) | (3,600,000 | )2 | (1,250,000 | ) | (850,000 | ) | ||||||||||||
Shares outstanding, end of year | 71,650,000 | 1 | 73,500,000 | 1 | 16,500,000 | 15,250,000 | 2 | 2,950,000 | 3,100,000 |
1 | Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
2 | Shares were adjusted to reflect a 3:1 stock split effective February 6, 2017. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 121 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Domestic Equity Funds
WisdomTree U.S. Total Dividend Fund | WisdomTree U.S. Total Earnings Fund | |||||||||||||||
For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||
Net investment income | $ | 15,428,675 | $ | 13,864,673 | $ | 1,170,571 | $ | 1,131,149 | ||||||||
Net realized gain on investments | 39,340,204 | 14,850,082 | 5,272,800 | 990,323 | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | (4,054,877 | ) | 51,624,180 | 1,491,776 | 8,735,404 | |||||||||||
Net increase in net assets resulting from operations | 50,714,002 | 80,338,935 | 7,935,147 | 10,856,876 | ||||||||||||
DIVIDENDS AND DISTRIBUTIONS: | ||||||||||||||||
Net investment income | (15,363,975 | ) | (15,055,118 | ) | (1,103,114 | ) | (1,209,582 | ) | ||||||||
Return of capital | — | — | — | (13,120 | ) | |||||||||||
Total dividends and distributions | (15,363,975 | ) | (15,055,118 | ) | (1,103,114 | ) | (1,222,702 | ) | ||||||||
CAPITAL SHARE TRANSACTIONS: | ||||||||||||||||
Net proceeds from sale of shares | 30,667,395 | 40,010,132 | 4,955,325 | — | ||||||||||||
Cost of shares redeemed | (58,290,258 | ) | (27,498,605 | ) | (4,595,880 | ) | (4,083,329 | ) | ||||||||
Payments by sub-advisor (Note 3) | 662 | — | — | — | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (27,622,201 | ) | 12,511,527 | 359,445 | (4,083,329 | ) | ||||||||||
Net Increase in Net Assets | 7,727,826 | 77,795,344 | 7,191,478 | 5,550,845 | ||||||||||||
NET ASSETS: | ||||||||||||||||
Beginning of year | $ | 571,503,682 | $ | 493,708,338 | $ | 62,754,821 | $ | 57,203,976 | ||||||||
End of year | $ | 579,231,508 | $ | 571,503,682 | $ | 69,946,299 | $ | 62,754,821 | ||||||||
Undistributed (Distributions in excess of) net investment income included in net assets at end of year | $ | 60,597 | $ | (14,836 | ) | $ | 66,563 | $ | (1,156 | ) | ||||||
SHARES CREATED AND REDEEMED: | ||||||||||||||||
Shares outstanding, beginning of year | 6,800,000 | 6,650,000 | 2,250,000 | 1 | 2,400,000 | 1 | ||||||||||
Shares created | 350,000 | 500,000 | 150,000 | 1 | — | 1 | ||||||||||
Shares redeemed | (650,000 | ) | (350,000 | ) | (150,000 | )1 | (150,000 | )1 | ||||||||
Shares outstanding, end of year | 6,500,000 | 6,800,000 | 2,250,000 | 1 | 2,250,000 | 1 |
1 | Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
See Notes to Financial Statements.
122 | WisdomTree Domestic Equity Funds |
Table of Contents
WisdomTree Domestic Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree U.S. Dividend ex-Financials Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Year Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of year | $ | 82.50 | $ | 75.41 | $ | 75.82 | $ | 70.27 | $ | 62.03 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.73 | 2.52 | 2.46 | 2.47 | 2.00 | |||||||||||||||
Net realized and unrealized gain (loss) | 1.96 | 7.31 | (0.38 | ) | 5.38 | 8.22 | ||||||||||||||
Total from investment operations | 4.69 | 9.83 | 2.08 | 7.85 | 10.22 | |||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (2.76 | ) | (2.69 | ) | (2.49 | ) | (2.30 | ) | (1.98 | ) | ||||||||||
Return of capital | — | (0.05 | ) | — | — | — | ||||||||||||||
Total dividends and distributions to shareholders | (2.76 | ) | (2.74 | ) | (2.49 | ) | (2.30 | ) | (1.98 | ) | ||||||||||
Net asset value, end of year | $ | 84.43 | $ | 82.50 | $ | 75.41 | $ | 75.82 | $ | 70.27 | ||||||||||
TOTAL RETURN2 | 5.71 | % | 13.27 | % | 2.96 | % | 11.27 | % | 16.75 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 810,510 | $ | 903,352 | $ | 916,193 | $ | 1,250,987 | $ | 1,127,812 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses4 | 0.38 | % | 0.38 | % | 0.38 | % | 0.39 | %5 | 0.38 | % | ||||||||||
Net investment income | 3.22 | % | 3.21 | % | 3.39 | % | 3.34 | % | 3.06 | % | ||||||||||
Portfolio turnover rate6 | 34 | % | 33 | % | 32 | % | 32 | % | 35 | % |
WisdomTree U.S. Earnings 500 Fund | For the Year Ended March 31, 20187 | For the Year Ended March 31, 20177 | For the Year Ended March 31, 20167 | For the Year Ended March 31, 20157 | For the Year Ended March 31, 20147 | |||||||||||||||
Net asset value, beginning of year | $ | 27.14 | $ | 23.22 | $ | 23.83 | $ | 21.80 | $ | 18.15 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.53 | 0.48 | 0.49 | 0.45 | 0.38 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.11 | 3.95 | (0.60 | ) | 2.00 | 3.63 | ||||||||||||||
Total from investment operations | 3.64 | 4.43 | (0.11 | ) | 2.45 | 4.01 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.48 | ) | (0.51 | ) | (0.50 | ) | (0.42 | ) | (0.36 | ) | ||||||||||
Net asset value, end of year | $ | 30.30 | $ | 27.14 | $ | 23.22 | $ | 23.83 | $ | 21.80 | ||||||||||
TOTAL RETURN2 | 13.49 | % | 19.31 | % | (0.45 | )% | 11.28 | % | 22.24 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 184,813 | $ | 130,254 | $ | 118,412 | $ | 139,386 | $ | 101,351 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses | 0.28 | %4 | 0.28 | % | 0.28 | %4 | 0.29 | %4,5 | 0.28 | % | ||||||||||
Net investment income | 1.80 | % | 1.94 | % | 2.11 | % | 1.93 | % | 1.89 | % | ||||||||||
Portfolio turnover rate6 | 17 | % | 19 | % | 18 | % | 16 | % | 15 | % |
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. 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 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
5 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38% and 0.28%, for WisdomTree U.S. Dividend ex-Financials Fund and WisdomTree U.S. Earnings 500 Fund, respectively. |
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. |
7 | Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 123 |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree U.S. High Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Year Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of year | $ | 68.48 | $ | 63.29 | $ | 60.74 | $ | 56.57 | $ | 51.17 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.21 | 2.10 | 2.10 | 1.95 | 1.77 | |||||||||||||||
Net realized and unrealized gain (loss) | (0.34 | ) | 5.39 | 2.50 | 4.03 | 5.37 | ||||||||||||||
Total from investment operations | 1.87 | 7.49 | 4.60 | 5.98 | 7.14 | |||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (2.24 | ) | (2.30 | ) | (2.05 | ) | (1.81 | ) | (1.74 | ) | ||||||||||
Net asset value, end of year | $ | 68.11 | $ | 68.48 | $ | 63.29 | $ | 60.74 | $ | 56.57 | ||||||||||
TOTAL RETURN2 | 2.69 | % | 12.02 | % | 7.88 | % | 10.64 | % | 14.24 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,035,295 | $ | 1,263,368 | $ | 1,025,362 | $ | 1,059,849 | $ | 797,595 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses4 | 0.38 | %5 | 0.38 | %5 | 0.38 | %5 | 0.39 | %6 | 0.38 | % | ||||||||||
Net investment income | 3.17 | % | 3.17 | % | 3.53 | % | 3.25 | % | 3.31 | % | ||||||||||
Portfolio turnover rate7 | 17 | % | 23 | % | 20 | % | 27 | % | 30 | % |
WisdomTree U.S. LargeCap Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Year Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of year | $ | 82.92 | $ | 73.42 | $ | 73.27 | $ | 67.60 | $ | 58.94 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.22 | 2.04 | 2.01 | 1.86 | 1.65 | |||||||||||||||
Net realized and unrealized gain | 5.57 | 9.63 | 0.13 | 5.59 | 8.64 | |||||||||||||||
Total from investment operations | 7.79 | 11.67 | 2.14 | 7.45 | 10.29 | |||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (2.22 | ) | (2.17 | ) | (1.99 | ) | (1.78 | ) | (1.63 | ) | ||||||||||
Net asset value, end of year | $ | 88.49 | $ | 82.92 | $ | 73.42 | $ | 73.27 | $ | 67.60 | ||||||||||
TOTAL RETURN2 | 9.44 | % | 16.13 | % | 3.04 | % | 11.08 | % | 17.70 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,933,552 | $ | 1,940,332 | $ | 1,725,259 | $ | 2,106,618 | $ | 1,821,886 | ||||||||||
Ratios to average net assets3 of: |
| |||||||||||||||||||
Expenses | 0.28 | %4 | 0.28 | %4 | 0.28 | %4 | 0.29 | %4,8 | 0.28 | % | ||||||||||
Net investment income | 2.54 | % | 2.63 | % | 2.81 | % | 2.59 | % | 2.62 | % | ||||||||||
Portfolio turnover rate7 | 10 | % | 11 | % | 11 | % | 12 | % | 11 | % |
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. 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 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
5 | Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged. |
6 | Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.38%. |
7 | 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. |
8 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%. |
See Notes to Financial Statements.
124 | WisdomTree Domestic Equity Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree U.S. MidCap Dividend Fund | For the Year Ended March 31, 20181 | For the Year Ended March 31, 20171 | For the Year Ended March 31, 20161 | For the Year Ended March 31, 20151 | For the Year Ended March 31, 20141 | |||||||||||||||
Net asset value, beginning of year | $ | 32.50 | $ | 28.69 | $ | 28.68 | $ | 25.66 | $ | 21.72 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.76 | 0.78 | 0.71 | 0.72 | 0.61 | |||||||||||||||
Net realized and unrealized gain | 1.59 | 3.89 | 0.08 | 2.95 | 3.93 | |||||||||||||||
Total from investment operations | 2.35 | 4.67 | 0.79 | 3.67 | 4.54 | |||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.74 | ) | (0.86 | ) | (0.68 | ) | (0.65 | ) | (0.60 | ) | ||||||||||
Capital gains | — | — | (0.10 | ) | — | — | ||||||||||||||
Total dividends and distributions to shareholders | (0.74 | ) | (0.86 | ) | (0.78 | ) | (0.65 | ) | (0.60 | ) | ||||||||||
Net asset value, end of year | $ | 34.11 | $ | 32.50 | $ | 28.69 | $ | 28.68 | $ | 25.66 | ||||||||||
TOTAL RETURN3 | 7.30 | % | 16.52 | % | 2.98 | % | 14.46 | % | 21.24 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 3,064,477 | $ | 2,822,559 | $ | 1,609,484 | $ | 1,595,896 | $ | 993,148 | ||||||||||
Ratios to average net assets4 of: |
| |||||||||||||||||||
Expenses5 | 0.38 | %6 | 0.38 | %6 | 0.38 | % | 0.39 | %7 | 0.38 | % | ||||||||||
Net investment income | 2.26 | % | 2.56 | % | 2.60 | % | 2.65 | % | 2.58 | % | ||||||||||
Portfolio turnover rate8 | 27 | % | 33 | % | 32 | % | 30 | % | 32 | % |
WisdomTree U.S. MidCap Earnings Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 20179 | For the Year Ended March 31, 20169 | For the Year Ended March 31, 20159 | For the Year Ended March 31, 20149 | |||||||||||||||
Net asset value, beginning of year | $ | 35.25 | $ | 30.07 | $ | 32.14 | $ | 29.58 | $ | 23.52 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.47 | 0.50 | 0.40 | 0.42 | 0.33 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.32 | 5.25 | (2.10 | ) | 2.52 | 6.04 | ||||||||||||||
Total from investment operations | 3.79 | 5.75 | (1.70 | ) | 2.94 | 6.37 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.41 | ) | (0.54 | ) | (0.37 | ) | (0.38 | ) | (0.31 | ) | ||||||||||
Return of capital | — | (0.03 | ) | — | — | — | ||||||||||||||
Total dividends and distributions to shareholders | (0.41 | ) | (0.57 | ) | (0.37 | ) | (0.38 | ) | (0.31 | ) | ||||||||||
Net asset value, end of year | $ | 38.63 | $ | 35.25 | $ | 30.07 | $ | 32.14 | $ | 29.58 | ||||||||||
TOTAL RETURN3 | 10.77 | %10 | 19.31 | % | (5.29 | )% | 9.99 | % | 27.26 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,035,164 | $ | 794,832 | $ | 662,944 | $ | 737,532 | $ | 514,682 | ||||||||||
Ratios to average net assets4 of: |
| |||||||||||||||||||
Expenses5 | 0.38 | % | 0.38 | % | 0.38 | % | 0.39 | %11 | 0.38 | % | ||||||||||
Net investment income | 1.25 | % | 1.54 | % | 1.32 | % | 1.37 | % | 1.24 | % | ||||||||||
Portfolio turnover rate8 | 45 | % | 42 | % | 40 | % | 36 | % | 41 | % |
1 | Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
2 | Based on average shares outstanding. |
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. 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). |
4 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
5 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
6 | Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged. |
7 | Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.38%. |
8 | 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. |
9 | Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017. |
10 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3). |
11 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%. |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 125 |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree U.S. Multifactor Fund | For the Period June 29, 2017* through March 31, 2018 | |||
Net asset value, beginning of period | $ | 24.75 | ||
Investment operations: |
| |||
Net investment income1 | 0.34 | |||
Net realized and unrealized gain | 3.09 | |||
Total from investment operations | 3.43 | |||
Dividends to shareholders: |
| |||
Net investment income | (0.27 | ) | ||
Net asset value, end of period | $ | 27.91 | ||
TOTAL RETURN2 | 13.90 | % | ||
RATIOS/SUPPLEMENTAL DATA: |
| |||
Net assets, end of period (000’s omitted) | $ | 5,582 | ||
Ratios to average net assets of: |
| |||
Expenses | 0.28 | %3 | ||
Net investment income | 1.66 | %3 | ||
Portfolio turnover rate4 | 143 | % |
WisdomTree U.S. Quality Dividend Growth Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period May 22, 2013* through March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 35.45 | $ | 31.25 | $ | 31.23 | $ | 27.95 | $ | 24.86 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.78 | 0.73 | 0.70 | 0.66 | 0.48 | |||||||||||||||
Net realized and unrealized gain (loss) | 4.84 | 4.20 | (0.02 | ) | 3.21 | 3.02 | ||||||||||||||
Total from investment operations | 5.62 | 4.93 | 0.68 | 3.87 | 3.50 | |||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.75 | ) | (0.73 | ) | (0.66 | ) | (0.59 | ) | (0.41 | ) | ||||||||||
Capital gains | — | — | — | (0.00 | )5 | (0.00 | )5 | |||||||||||||
Total dividends and distributions to shareholders | (0.75 | ) | (0.73 | ) | (0.66 | ) | (0.59 | ) | (0.41 | ) | ||||||||||
Net asset value, end of period | $ | 40.32 | $ | 35.45 | $ | 31.25 | $ | 31.23 | $ | 27.95 | ||||||||||
TOTAL RETURN2 | 15.95 | %6 | 15.99 | % | 2.25 | % | 13.94 | % | 14.19 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 2,064,305 | $ | 1,290,417 | $ | 595,351 | $ | 448,158 | $ | 104,802 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.28 | % | 0.28 | % | 0.28 | % | 0.29 | %7 | 0.28 | %3 | ||||||||||
Net investment income | 1.99 | % | 2.22 | % | 2.30 | % | 2.19 | % | 2.11 | %3 | ||||||||||
Portfolio turnover rate4 | 29 | % | 29 | % | 32 | % | 35 | % | 31 | % |
* | 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. |
5 | Amount represents less than $0.005. |
6 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3). |
7 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%. |
See Notes to Financial Statements.
126 | WisdomTree Domestic Equity Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree U.S. Quality Shareholder Yield Fund | For the Year Ended March 31, 20181 | For the Year Ended March 31, 20171 | For the Year Ended March 31, 20161 | For the Year Ended March 31, 20151 | For the Year Ended March 31, 20141 | |||||||||||||||
Net asset value, beginning of year | $ | 70.26 | $ | 62.76 | $ | 66.28 | $ | 58.57 | $ | 48.86 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 1.14 | 0.92 | 1.06 | 0.88 | 0.61 | |||||||||||||||
Net realized and unrealized gain (loss) | 10.59 | 7.55 | (3.70 | ) | 7.71 | 9.70 | ||||||||||||||
Total from investment operations | 11.73 | 8.47 | (2.64 | ) | 8.59 | 10.31 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.14 | ) | (0.97 | ) | (0.88 | ) | (0.88 | ) | (0.60 | ) | ||||||||||
Net asset value, end of year | $ | 80.85 | $ | 70.26 | $ | 62.76 | $ | 66.28 | $ | 58.57 | ||||||||||
TOTAL RETURN3 | 16.77 | % | 13.61 | % | (4.00 | )% | 14.73 | % | 21.20 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 44,466 | $ | 59,718 | $ | 138,062 | $ | 26,511 | $ | 26,357 | ||||||||||
Ratios to average net assets4 of: |
| |||||||||||||||||||
Expenses | 0.38 | %5 | 0.38 | % | 0.38 | %5 | 0.39 | %5,6 | 0.38 | % | ||||||||||
Net investment income | 1.48 | % | 1.42 | % | 1.68 | % | 1.42 | % | 1.14 | % | ||||||||||
Portfolio turnover rate7 | 82 | % | 106 | % | 85 | % | 63 | % | 67 | % |
WisdomTree U.S. SmallCap Dividend Fund | For the Year Ended March 31, 20188 | For the Year Ended March 31, 20178 | For the Year Ended March 31, 20168 | For the Year Ended March 31, 20158 | For the Year Ended March 31, 20148 | |||||||||||||||
Net asset value, beginning of year | $ | 26.88 | $ | 22.91 | $ | 23.99 | $ | 22.78 | $ | 19.02 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.81 | 0.70 | 0.69 | 0.66 | 0.62 | |||||||||||||||
Net realized and unrealized gain (loss) | 0.53 | 4.09 | (1.13 | ) | 1.20 | 3.70 | ||||||||||||||
Total from investment operations | 1.34 | 4.79 | (0.44 | ) | 1.86 | 4.32 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.79 | ) | (0.82 | ) | (0.64 | ) | (0.65 | ) | (0.56 | ) | ||||||||||
Net asset value, end of year | $ | 27.43 | $ | 26.88 | $ | 22.91 | $ | 23.99 | $ | 22.78 | ||||||||||
TOTAL RETURN3 | 5.02 | %9 | 21.21 | % | (1.69 | )% | 8.33 | % | 22.99 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 1,965,277 | $ | 1,975,473 | $ | 1,216,658 | $ | 1,248,932 | $ | 1,062,525 | ||||||||||
Ratios to average net assets4 of: |
| |||||||||||||||||||
Expenses5 | 0.38 | % | 0.38 | % | 0.38 | % | 0.39 | %6 | 0.38 | % | ||||||||||
Net investment income | 2.93 | % | 2.75 | % | 3.10 | % | 2.86 | % | 2.93 | % | ||||||||||
Portfolio turnover rate7 | 36 | % | 44 | % | 33 | % | 33 | % | 42 | % |
1 | The information reflects the investment objective and strategy of the WisdomTree U.S. LargeCap Value Fund through December 17, 2017 and the investment objective and strategy of the WisdomTree U.S. Quality Shareholder Yield Fund thereafter. |
2 | Based on average shares outstanding. |
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. 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). |
4 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
5 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
6 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%. |
7 | 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. |
8 | Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
9 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3). |
See Notes to Financial Statements.
WisdomTree Domestic Equity Funds | 127 |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree U.S. SmallCap Earnings Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 20171 | For the Year Ended March 31, 20161 | For the Year Ended March 31, 20151 | For the Year Ended March 31, 20141 | |||||||||||||||
Net asset value, beginning of year | $ | 32.16 | $ | 25.69 | $ | 28.14 | $ | 27.13 | $ | 21.13 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.37 | 0.31 | 0.34 | 0.33 | 0.24 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.51 | 6.53 | (2.48 | ) | 0.99 | 5.99 | ||||||||||||||
Total from investment operations | 3.88 | 6.84 | (2.14 | ) | 1.32 | 6.23 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.34 | ) | (0.37 | ) | (0.31 | ) | (0.31 | ) | (0.23 | ) | ||||||||||
Net asset value, end of year | $ | 35.70 | $ | 32.16 | $ | 25.69 | $ | 28.14 | $ | 27.13 | ||||||||||
TOTAL RETURN3 | 12.09 | %4 | 26.75 | % | (7.60 | )% | 4.89 | % | 29.55 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 588,999 | $ | 490,370 | $ | 369,965 | $ | 422,121 | $ | 439,571 | ||||||||||
Ratios to average net assets5 of: |
| |||||||||||||||||||
Expenses | 0.38 | %6 | 0.38 | %6 | 0.38 | %6 | 0.39 | %6,7 | 0.38 | % | ||||||||||
Net investment income | 1.08 | % | 1.06 | % | 1.31 | % | 1.24 | % | 0.98 | % | ||||||||||
Portfolio turnover rate8 | 48 | % | 51 | % | 43 | % | 43 | % | 61 | % |
WisdomTree U.S. SmallCap Quality Dividend Growth Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Period July 25, 2013* through March 31, 2014 | |||||||||||||||
Net asset value, beginning of period | $ | 33.06 | $ | 28.17 | $ | 30.12 | $ | 28.43 | $ | 25.02 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income2 | 0.76 | 0.74 | 0.67 | 0.65 | 0.34 | |||||||||||||||
Net realized and unrealized gain (loss) | 1.21 | 4.87 | (2.02 | ) | 1.69 | 3.32 | ||||||||||||||
Total from investment operations | 1.97 | 5.61 | (1.35 | ) | 2.34 | 3.66 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.77 | ) | (0.72 | ) | (0.60 | ) | (0.65 | ) | (0.25 | ) | ||||||||||
Capital gains | — | — | — | (0.00 | )9 | — | ||||||||||||||
Total dividends and distributions to shareholders | (0.77 | ) | (0.72 | ) | (0.60 | ) | (0.65 | ) | (0.25 | ) | ||||||||||
Net asset value, end of period | $ | 34.26 | $ | 33.06 | $ | 28.17 | $ | 30.12 | $ | 28.43 | ||||||||||
TOTAL RETURN3 | 5.97 | % | 20.12 | % | (4.42 | )% | 8.37 | % | 14.66 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 101,060 | $ | 102,498 | $ | 35,208 | $ | 22,594 | $ | 24,163 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.38 | % | 0.38 | % | 0.38 | % | 0.39 | %7 | 0.38 | %10 | ||||||||||
Net investment income | 2.24 | % | 2.35 | % | 2.43 | % | 2.30 | % | 1.82 | %10 | ||||||||||
Portfolio turnover rate8 | 51 | % | 56 | % | 50 | % | 53 | % | 71 | % |
* | Commencement of operations. |
1 | Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017. |
2 | Based on average shares outstanding. |
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 U.S. SmallCap Earnings Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
4 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3). |
5 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
6 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
7 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%. |
8 | 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. |
9 | Amount represents less than $0.005. |
10 | Annualized. |
See Notes to Financial Statements.
128 | WisdomTree Domestic Equity Funds |
Table of Contents
Financial Highlights (concluded)
WisdomTree Domestic Equity Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree U.S. Total Dividend Fund | For the Year Ended March 31, 2018 | For the Year Ended March 31, 2017 | For the Year Ended March 31, 2016 | For the Year Ended March 31, 2015 | For the Year Ended March 31, 2014 | |||||||||||||||
Net asset value, beginning of year | $ | 84.04 | $ | 74.24 | $ | 74.25 | $ | 68.29 | $ | 59.33 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.27 | 2.07 | 2.04 | 1.91 | 1.68 | |||||||||||||||
Net realized and unrealized gain (loss) | 5.05 | 9.97 | (0.03 | ) | 5.86 | 8.91 | ||||||||||||||
Total from investment operations | 7.32 | 12.04 | 2.01 | 7.77 | 10.59 | |||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (2.25 | ) | (2.24 | ) | (2.02 | ) | (1.81 | ) | (1.63 | ) | ||||||||||
Net asset value, end of year | $ | 89.11 | $ | 84.04 | $ | 74.24 | $ | 74.25 | $ | 68.29 | ||||||||||
TOTAL RETURN2 | 8.76 | %3 | 16.47 | % | 2.84 | % | 11.47 | % | 18.10 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 579,232 | $ | 571,504 | $ | 493,708 | $ | 582,862 | $ | 419,955 | ||||||||||
Ratios to average net assets4 of: |
| |||||||||||||||||||
Expenses | 0.28 | %5,6 | 0.28 | %5,6 | 0.28 | %5,6 | 0.29 | %5,7 | 0.28 | % | ||||||||||
Net investment income | 2.56 | % | 2.63 | % | 2.83 | % | 2.64 | % | 2.65 | % | ||||||||||
Portfolio turnover rate8 | 11 | % | 12 | % | 12 | % | 13 | % | 12 | % |
WisdomTree U.S. Total Earnings Fund | For the Year Ended March 31, 20189 | For the Year Ended March 31, 20179 | For the Year Ended March 31, 20169 | For the Year Ended March 31, 20159 | For the Year Ended March 31, 20149 | |||||||||||||||
Net asset value, beginning of year | $ | 27.89 | $ | 23.83 | $ | 24.65 | $ | 22.60 | $ | 18.71 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.53 | 0.48 | 0.48 | 0.45 | 0.37 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.17 | 4.10 | (0.78 | ) | 2.01 | 3.89 | ||||||||||||||
Total from investment operations | 3.70 | 4.58 | (0.30 | ) | 2.46 | 4.26 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (0.50 | ) | (0.51 | ) | (0.52 | ) | (0.41 | ) | (0.37 | ) | ||||||||||
Return of capital | — | (0.01 | ) | — | — | — | ||||||||||||||
Total dividends and distributions to shareholders | (0.50 | ) | (0.52 | ) | (0.52 | ) | (0.41 | ) | (0.37 | ) | ||||||||||
Net asset value, end of year | $ | 31.09 | $ | 27.89 | $ | 23.83 | $ | 24.65 | $ | 22.60 | ||||||||||
TOTAL RETURN2 | 13.31 | % | 19.39 | % | (1.18 | )% | 10.93 | % | 22.89 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 69,946 | $ | 62,755 | $ | 57,204 | $ | 107,209 | $ | 71,174 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.28 | % | 0.28 | % | 0.28 | % | 0.29 | %10 | 0.28 | % | ||||||||||
Net investment income | 1.75 | % | 1.87 | % | 2.00 | % | 1.88 | % | 1.81 | % | ||||||||||
Portfolio turnover rate8 | 22 | % | 19 | % | 12 | % | 16 | % | 13 | % |
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. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. Total Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
3 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3). |
4 | The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests. |
5 | The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged. |
6 | Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged. |
7 | Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.28%. |
8 | 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. |
9 | Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017. |
10 | Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%. |
See Notes to Financial Statements.
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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 March 31, 2018, the Trust consisted of 80 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 U.S. Dividend ex-Financials Fund (“U.S. Dividend ex-Financials Fund’’) (formerly, WisdomTree Dividend ex-Financials Fund) | June 16, 2006 | |||
WisdomTree U.S. Earnings 500 Fund (“U.S. Earnings 500 Fund’’) (formerly, WisdomTree Earnings 500 Fund) | February 23, 2007 | |||
WisdomTree U.S. High Dividend Fund (“U.S. High Dividend Fund’’) (formerly, WisdomTree High Dividend Fund) | June 16, 2006 | |||
WisdomTree U.S. LargeCap Dividend Fund (“U.S. LargeCap Dividend Fund’’) (formerly, WisdomTree LargeCap Dividend Fund) | June 16, 2006 | |||
WisdomTree U.S. MidCap Dividend Fund (“U.S. MidCap Dividend Fund’’) (formerly, WisdomTree MidCap Dividend Fund) | June 16, 2006 | |||
WisdomTree U.S. MidCap Earnings Fund (“U.S. MidCap Earnings Fund’’) (formerly, WisdomTree MidCap Earnings Fund) | February 23, 2007 | |||
WisdomTree U.S. Multifactor Fund (“U.S. Multifactor Fund’’) | June 29, 2017 | |||
WisdomTree U.S. Quality Dividend Growth Fund (“U.S. Quality Dividend Growth Fund’’) | May 22, 2013 | |||
WisdomTree U.S. Quality Shareholder Yield Fund (“U.S. Quality Shareholder Yield Fund’’) (formerly, WisdomTree U.S. LargeCap Value Fund) | February 23, 2007 | |||
WisdomTree U.S. SmallCap Dividend Fund (“U.S. SmallCap Dividend Fund’’) (formerly, WisdomTree SmallCap Dividend Fund) | June 16, 2006 | |||
WisdomTree U.S. SmallCap Earnings Fund (“U.S. SmallCap Earnings Fund’’) (formerly, WisdomTree SmallCap Earnings Fund) | February 23, 2007 | |||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (“U.S. SmallCap Quality Dividend Growth Fund’’) | July 25, 2013 | |||
WisdomTree U.S. Total Dividend Fund (“U.S. Total Dividend Fund’’) (formerly, WisdomTree Total Dividend Fund) | June 16, 2006 | |||
WisdomTree U.S. Total Earnings Fund (“U.S. Total Earnings Fund’’) (formerly, WisdomTree Total Earnings Fund) | February 23, 2007 |
Each Fund, except the WisdomTree U.S. Quality Shareholder Yield 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’’). Effective December 18, 2017, the WisdomTree U.S. Quality Shareholder Yield Fund is actively managed using a rules-based model approach seeking income and capital appreciation. Prior to December 18, 2017, the WisdomTree U.S. Quality Shareholder Yield Fund was named the WisdomTree U.S. LargeCap Value Fund (formerly, WisdomTree LargeCap Value Fund prior to June 30, 2017) and sought to track the price and yield performance, before fees and expenses, of a particular Index developed by WisdomTree Investments. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.
In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.
The following is a summary of significant accounting policies followed by the Funds:
Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV 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
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Notes to Financial Statements (continued)
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. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less), if any, 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. 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.
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 will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.
Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
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
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Notes to Financial Statements (continued)
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.
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 March 31, 2018 in valuing each Fund’s assets:
U.S. Dividend ex-Financials Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 806,875,723 | $ | — | $ | — | ||||||
Exchange-Traded Funds | 1,828,217 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,620,500 | — | |||||||||
Total | $ | 808,703,940 | $ | 1,620,500 | $ | — | ||||||
U.S. Earnings 500 Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 184,363,490 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 204,565 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 164,281 | — | |||||||||
Total | $ | 184,568,055 | $ | 164,281 | $ | — | ||||||
U.S. High Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,029,250,095 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 3,058,050 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 5,724,612 | — | |||||||||
Total | $ | 1,032,308,145 | $ | 5,724,612 | $ | — | ||||||
U.S. LargeCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,930,117,114 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 897,917 | — | |||||||||
Total | $ | 1,930,117,114 | $ | 897,917 | $ | — | ||||||
U.S. MidCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 3,054,879,762 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 1,487,251 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 47,791,085 | — | |||||||||
Total | $ | 3,056,367,013 | $ | 47,791,085 | $ | — |
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U.S. MidCap Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,030,688,241 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 2,110,629 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 29,485,872 | — | |||||||||
Total | $ | 1,032,798,870 | $ | 29,485,872 | $ | — | ||||||
U.S. Multifactor Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 5,577,932 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 67,574 | — | |||||||||
Total | $ | 5,577,932 | $ | 67,574 | $ | — | ||||||
U.S. Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 2,061,758,171 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 1,751,217 | — | |||||||||
Total | $ | 2,061,758,171 | $ | 1,751,217 | $ | — | ||||||
U.S. Quality Shareholder Yield Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 44,390,207 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 395,892 | — | |||||||||
Total | $ | 44,390,207 | $ | 395,892 | $ | — | ||||||
U.S. SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,947,320,214 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 10,549,153 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 119,114,409 | — | |||||||||
Total | $ | 1,957,869,367 | $ | 119,114,409 | $ | — | ||||||
U.S. SmallCap Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 587,594,530 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 681,155 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 43,382,452 | — | |||||||||
Total | $ | 588,275,685 | $ | 43,382,452 | $ | — | ||||||
U.S. SmallCap Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 100,864,146 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 5,972,237 | — | |||||||||
Total | $ | 100,864,146 | $ | 5,972,237 | $ | — | ||||||
U.S. Total Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 577,884,895 | $ | — | $ | — | ||||||
Exchange-Traded Fund | 11,117 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,550,841 | — | |||||||||
Total | $ | 577,896,012 | $ | 1,550,841 | $ | — | ||||||
U.S. Total Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 69,837,665 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 315,983 | — | |||||||||
Total | $ | 69,837,665 | $ | 315,983 | $ | — |
* | Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country. |
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Notes to Financial Statements (continued)
There were no Level 3 securities at or during the fiscal year or period ended March 31, 2018.
The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.
There were no transfers into or out of any fair value measurement levels during the fiscal year or period ended March 31, 2018.
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.
Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and 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; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s 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.
During the fiscal year ended March 31, 2018, U.S. High Dividend Fund, U.S. MidCap Dividend Fund and U.S. Total Dividend Fund (the “Affected Funds”) incurred legal expenses (disclosed on the Statements of Operations in “Legal fees”) pertaining to litigation brought against former shareholders of Lyondell Chemical Company (“Lyondell”), such as the Affected Funds. The lawsuit seeks to recover amounts paid to former shareholders of Lyondell as fraudulent transfer in connection with the leveraged buyout of Lyondell by Basell AF S.C.A in December of 2007 after Lyondell filed for bankruptcy in 2008. On September 5, 2017, the bankruptcy judge of the U.S. Bankruptcy Court in New York dismissed the lawsuit with prejudice.
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% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.
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
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Notes to Financial Statements (continued)
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.
The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds 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 the Lending Agreement or similar arrangements in the Statements of Assets and Liabilities. Therefore, all qualifying transactions, if any at March 31, 2018, are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2018, certain of the Funds had securities on loan and the value of the related collateral received by each of those Funds exceeded the value of the securities loaned by each of those Funds. The value of the securities loaned by each Fund is located in the Statements of Assets and Liabilities in “Investments in securities, at value” and also in the footnotes below the Schedules of Investments. In addition, a breakout of the total amount of cash and non-cash securities lending collateral received is located in the footnotes below the Schedules of Investments.
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
WisdomTree Domestic Equity Funds | 135 |
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Notes to Financial Statements (continued)
distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.
3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for BNY Mellon Asset Management North America Corporation (‘‘BNY Mellon AMNA’’) to provide sub-advisory services to the Funds. BNY Mellon AMNA is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum 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 | |||
U.S. Dividend ex-Financials Fund | 0.38 | % | ||
U.S. Earnings 500 Fund | 0.28 | % | ||
U.S. High Dividend Fund | 0.38 | % | ||
U.S. LargeCap Dividend Fund | 0.28 | % | ||
U.S. MidCap Dividend Fund | 0.38 | % | ||
U.S. MidCap Earnings Fund | 0.38 | % | ||
U.S. Multifactor Fund | 0.28 | % | ||
U.S. Quality Dividend Growth Fund | 0.28 | % | ||
U.S. Quality Shareholder Yield Fund | 0.38 | % | ||
U.S. SmallCap Dividend Fund | 0.38 | % | ||
U.S. SmallCap Earnings Fund | 0.38 | % | ||
U.S. SmallCap Quality Dividend Growth Fund | 0.38 | % | ||
U.S. Total Dividend Fund | 0.28 | % | ||
U.S. Total Earnings Fund | 0.28 | % |
During the fiscal year ended March 31, 2018, the NAV of the U.S. MidCap Earnings Fund, U.S. Quality Dividend Growth Fund, U.S. SmallCap Dividend Fund, U.S. SmallCap Earnings Fund and the U.S. Total Dividend Fund (the “Impacted Funds”) was understated for a period of one day in December 2017 (the “Error Period”) resulting from an operational error. The Impacted Funds each received a reimbursement from BNY Mellon AMNA of $621, $1,034, $1,245, $2,213 and $662, respectively, for the loss that the Impacted Funds incurred. The dollar amount of the reimbursement is shown in each Impacted Fund’s Statements of Changes in Net Assets in “Payments by sub-advisor”.
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 in “Expense waivers”.
136 | WisdomTree Domestic Equity Funds |
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Notes to Financial Statements (continued)
Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year ended March 31, 2018 are as follows:
Fund | Value at 3/31/2017 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 3/31/2018 | Dividend Income | |||||||||||||||||||||
U.S. Dividend ex-Financials Fund | ||||||||||||||||||||||||||||
U.S. LargeCap Dividend Fund | $ | 576,613 | $ | 8,838,939 | $ | 8,494,345 | $ | 20,270 | $ | (30,030 | ) | $ | 911,447 | $ | 46,336 | |||||||||||||
U.S. MidCap Dividend Fund | 572,891 | 8,887,869 | 8,545,052 | 5,882 | (4,820 | ) | 916,770 | 40,935 | ||||||||||||||||||||
Total | $ | 1,149,504 | $ | 17,726,808 | $ | 17,039,397 | $ | 26,152 | $ | (34,850 | ) | $ | 1,828,217 | $ | 87,271 | |||||||||||||
U.S. Earnings 500 Fund | ||||||||||||||||||||||||||||
U.S. High Dividend Fund | $ | 196,920 | $ | 2,148,672 | $ | 2,135,976 | $ | (4,626 | ) | $ | (425 | ) | $ | 204,565 | $ | 15,936 | ||||||||||||
U.S. High Dividend Fund | ||||||||||||||||||||||||||||
U.S. Total Dividend Fund | $ | 2,766,798 | $ | 18,010,325 | $ | 17,838,283 | $ | 17,141 | $ | 102,069 | $ | 3,058,050 | $ | 125,565 | ||||||||||||||
U.S. LargeCap Dividend Fund | ||||||||||||||||||||||||||||
U.S. Total Dividend Fund | $ | — | $ | 25,798,365 | $ | 25,794,291 | $ | (4,074 | ) | $ | — | $ | — | $ | 137,109 | |||||||||||||
U.S. MidCap Dividend Fund | ||||||||||||||||||||||||||||
U.S. LargeCap Dividend Fund | $ | 106,150 | $ | 41,242,089 | $ | 40,090,997 | $ | 313,867 | $ | (83,858 | ) | $ | 1,487,251 | $ | 161,342 | |||||||||||||
U.S. MidCap Earnings Fund | ||||||||||||||||||||||||||||
U.S. MidCap Dividend Fund | $ | 1,613,146 | $ | 4,663,386 | $ | 4,365,322 | $ | 175,267 | $ | 24,152 | $ | 2,110,629 | $ | 66,712 | ||||||||||||||
U.S. Quality Shareholder Yield Fund | ||||||||||||||||||||||||||||
U.S. Earnings 500 Fund | $ | 145,505 | $ | 137,754 | $ | 294,688 | $ | 13,692 | $ | (2,263 | ) | $ | — | $ | 1,762 | |||||||||||||
U.S. MidCap Earnings Fund | 62,851 | 58,753 | 125,366 | 4,211 | (449 | ) | — | 501 | ||||||||||||||||||||
Total | $ | 208,356 | $ | 196,507 | $ | 420,054 | $ | 17,903 | $ | (2,712 | ) | $ | — | $ | 2,263 | |||||||||||||
U.S. SmallCap Dividend Fund | ||||||||||||||||||||||||||||
U.S. MidCap Dividend Fund | $ | 25,730,657 | $ | 33,217,635 | $ | 48,495,743 | $ | 655,435 | $ | (558,831 | ) | $ | 10,549,153 | $ | 352,211 | |||||||||||||
U.S. SmallCap Earnings Fund | ||||||||||||||||||||||||||||
U.S. MidCap Earnings Fund | $ | 2,776,454 | $ | 918,471 | $ | 3,203,661 | $ | 169,312 | $ | 20,579 | $ | 681,155 | $ | 22,415 | ||||||||||||||
U.S. Total Dividend Fund | ||||||||||||||||||||||||||||
U.S. Total Earnings Fund | $ | 47,084 | $ | 5,404,894 | $ | 5,548,347 | $ | 106,125 | $ | 1,361 | $ | 11,117 | $ | 16,754 |
Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2018, 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 | |||||||||
U.S. Dividend ex-Financials Fund | 30 | $ | 2,536 | $ | 38 | |||||||
U.S. Earnings 500 Fund | 794 | 24,114 | 202 | |||||||||
U.S. High Dividend Fund | 24 | 1,635 | 52 | |||||||||
U.S. LargeCap Dividend Fund | 372 | 32,918 | 743 | |||||||||
U.S. MidCap Dividend Fund | 330 | 11,260 | 197 | |||||||||
U.S. MidCap Earnings Fund | 306 | 11,836 | 129 | |||||||||
U.S. Multifactor Fund | 311 | 8,717 | 58 | |||||||||
U.S. Quality Dividend Growth Fund | 373 | 15,054 | 280 | |||||||||
U.S. SmallCap Dividend Fund | 163 | 4,466 | 118 | |||||||||
U.S. SmallCap Earnings Fund | 179 | 6,396 | 57 | |||||||||
U.S. Total Dividend Fund | 78 | 6,952 | 178 |
WisdomTree Domestic Equity Funds | 137 |
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Notes to Financial Statements (continued)
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2018, 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.
The Board authorized a three-for-one stock split for the U.S. Earnings 500 Fund, U.S. MidCap Dividend Fund, U.S. SmallCap Dividend Fund and U.S. Total Earnings Fund, effective after the close of trading on November 9, 2017, for the shareholders of record on November 7, 2017. The impact of the stock split was to increase the number of shares outstanding by a factor of three, while decreasing the NAV per share by a factor of three, resulting in no effect on the net assets of the Funds. The financial statements for the Funds have been adjusted to reflect the stock split.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year or period ended March 31, 2018 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
In-kind Capital Share Transactions | ||||||||||||||||
Fund | Purchases | Sales | Purchases | Sales | ||||||||||||
U.S. Dividend ex-Financials Fund | $ | 299,029,710 | $ | 297,614,736 | $ | — | $ | 114,759,317 | ||||||||
U.S. Earnings 500 Fund | 26,626,226 | 26,366,530 | 41,527,916 | 1,524,602 | ||||||||||||
U.S. High Dividend Fund | 206,782,652 | 206,558,602 | 107,156,777 | 333,019,244 | ||||||||||||
U.S. LargeCap Dividend Fund | 198,214,864 | 197,762,696 | 61,347,468 | 196,981,815 | ||||||||||||
U.S. MidCap Dividend Fund | 810,852,085 | 793,012,287 | 507,476,455 | 407,379,811 | ||||||||||||
U.S. MidCap Earnings Fund | 412,388,031 | 409,174,551 | 265,669,230 | 102,921,810 | ||||||||||||
U.S. Multifactor Fund1 | 4,831,966 | 5,603,575 | 8,079,410 | 2,012,385 | ||||||||||||
U.S. Quality Dividend Growth Fund | 508,230,966 | 507,009,949 | 1,015,196,035 | 437,450,715 | ||||||||||||
U.S. Quality Shareholder Yield Fund | 37,704,266 | 37,660,593 | — | 21,355,384 | ||||||||||||
U.S. SmallCap Dividend Fund | 720,403,104 | 709,604,230 | 310,462,459 | 359,672,287 | ||||||||||||
U.S. SmallCap Earnings Fund | 256,282,748 | 254,944,308 | 113,829,093 | 67,065,424 | ||||||||||||
U.S. SmallCap Quality Dividend Growth Fund | 52,065,902 | 52,034,169 | 38,191,944 | 43,530,067 | ||||||||||||
U.S. Total Dividend Fund | 66,693,953 | 66,110,747 | 30,591,190 | 58,198,734 | ||||||||||||
U.S. Total Earnings Fund | 14,441,225 | 14,357,268 | 4,943,577 | 4,583,841 |
1 | For the period June 29, 2017 (commencement of operations) through March 31, 2018. |
6. FEDERAL INCOME TAXES
At March 31, 2018, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:
Fund | Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation/ (Depreciation) | ||||||||||||
U.S. Dividend ex-Financials Fund | $ | 771,247,093 | $ | 92,739,285 | $ | (53,661,938 | ) | $ | 39,077,347 | |||||||
U.S. Earnings 500 Fund | 152,336,649 | 36,714,400 | (4,318,713 | ) | 32,395,687 | |||||||||||
U.S. High Dividend Fund | 1,044,358,202 | 77,853,854 | (84,179,299 | ) | (6,325,445 | ) | ||||||||||
U.S. LargeCap Dividend Fund | 1,662,325,947 | 348,501,980 | (79,812,896 | ) | 268,689,084 | |||||||||||
U.S. MidCap Dividend Fund | 2,880,349,596 | 357,758,690 | (133,950,188 | ) | 223,808,502 | |||||||||||
U.S. MidCap Earnings Fund | 976,201,450 | 122,142,235 | (36,058,943 | ) | 86,083,292 | |||||||||||
U.S. Multifactor Fund | 5,581,190 | 174,669 | (110,353 | ) | 64,316 | |||||||||||
U.S. Quality Dividend Growth Fund | 1,876,683,986 | 240,634,432 | (53,809,030 | ) | 186,825,402 |
138 | WisdomTree Domestic Equity Funds |
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Notes to Financial Statements (continued)
Fund | Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation/ (Depreciation) | ||||||||||||
U.S. Quality Shareholder Yield Fund | $ | 43,978,133 | $ | 2,744,770 | $ | (1,936,804 | ) | $ | 807,966 | |||||||
U.S. SmallCap Dividend Fund | 2,094,814,354 | 172,831,264 | (190,661,842 | ) | (17,830,578 | ) | ||||||||||
U.S. SmallCap Earnings Fund | 582,790,254 | 81,638,370 | (32,770,487 | ) | 48,867,883 | |||||||||||
U.S. SmallCap Quality Dividend Growth Fund | 107,276,446 | 6,608,743 | (7,048,806 | ) | (440,063 | ) | ||||||||||
U.S. Total Dividend Fund | 472,961,997 | 126,123,749 | (19,638,893 | ) | 106,484,856 | |||||||||||
U.S. Total Earnings Fund | 57,612,586 | 14,740,709 | (2,199,647 | ) | 12,541,062 |
At March 31, 2018, the components of accumulated earnings/(loss) on a tax-basis were as follows:
Fund | Undistributed Ordinary Income | Undistributed Capital and Other Losses | Net Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/(Losses) | ||||||||||||
U.S. Dividend ex-Financials Fund | $ | — | $ | (1,318,159 | ) | $ | 39,077,347 | $ | 37,759,188 | |||||||
U.S. Earnings 500 Fund | 173,524 | (4,536,572 | ) | 32,395,687 | 28,032,639 | |||||||||||
U.S. High Dividend Fund | — | (17,516,442 | ) | (6,325,445 | ) | (23,841,887 | ) | |||||||||
U.S. LargeCap Dividend Fund | 224,829 | (23,138,077 | ) | 268,689,084 | 245,775,836 | |||||||||||
U.S. MidCap Dividend Fund | 1,249,643 | (22,267,008 | ) | 223,808,502 | 202,791,137 | |||||||||||
U.S. MidCap Earnings Fund | 1,228,530 | (24,343,944 | ) | 86,083,292 | 62,967,878 | |||||||||||
U.S. Multifactor Fund | 5,315 | (58,584 | ) | 64,316 | 11,047 | |||||||||||
U.S. Quality Dividend Growth Fund | 480,177 | (1,331,675 | ) | 186,825,402 | 185,973,904 | |||||||||||
U.S. Quality Shareholder Yield Fund | 27,184 | (295,465 | ) | 807,966 | 539,685 | |||||||||||
U.S. SmallCap Dividend Fund | 1,194,202 | (54,143,025 | ) | (17,830,578 | ) | (70,779,401 | ) | |||||||||
U.S. SmallCap Earnings Fund | 398,502 | (24,868,987 | ) | 48,867,883 | 24,397,398 | |||||||||||
U.S. SmallCap Quality Dividend Growth Fund | 36,508 | (7,765,355 | ) | (440,063 | ) | (8,168,910 | ) | |||||||||
U.S. Total Dividend Fund | 64,700 | (5,967,514 | ) | 106,484,856 | 100,582,042 | |||||||||||
U.S. Total Earnings Fund | 67,457 | (935,380 | ) | 12,541,062 | 11,673,139 |
The tax character of distributions paid during the fiscal years or period ended March 31, 2018 and March 31, 2017 was as follows:
Year Ended March 31, 2018 | Year Ended March 31, 2017 | |||||||||||
Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Ordinary Income* | Distributions Paid from Return of Capital | |||||||||
U.S. Dividend ex-Financials Fund | $ | 28,141,027 | $ | 31,847,340 | $ | 595,266 | ||||||
U.S. Earnings 500 Fund | 2,586,608 | 2,481,560 | — | |||||||||
U.S. High Dividend Fund | 38,366,808 | 42,845,450 | — | |||||||||
U.S. LargeCap Dividend Fund | 49,979,017 | 52,615,941 | — | |||||||||
U.S. MidCap Dividend Fund | 66,312,628 | 61,113,780 | — | |||||||||
U.S. MidCap Earnings Fund | 10,100,147 | 11,824,696 | 741,270 | |||||||||
U.S. Multifactor Fund | 35,735 | 1 | — | — | ||||||||
U.S. Quality Dividend Growth Fund | 34,344,320 | 19,234,813 | — | |||||||||
U.S. Quality Shareholder Yield Fund | 642,537 | 2,540,819 | — | |||||||||
U.S. SmallCap Dividend Fund | 57,037,610 | 53,414,249 | — | |||||||||
U.S. SmallCap Earnings Fund | 5,289,781 | 5,286,342 | — | |||||||||
U.S. SmallCap Quality Dividend Growth Fund | 2,305,555 | 1,556,351 | — | |||||||||
U.S. Total Dividend Fund | 15,363,975 | 15,055,118 | — | |||||||||
U.S. Total Earnings Fund | 1,103,114 | 1,209,582 | 13,120 |
* | Includes short-term capital gains, if any. |
1 | For the period June 29, 2017 (commencement of operations) through March 31, 2018. |
WisdomTree Domestic Equity Funds | 139 |
Table of Contents
Notes to Financial Statements (continued)
At March 31, 2018, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
Fund | Capital Loss Available Through 2019 | Short-Term Post-Effective No Expiration | Long-Term Post-Effective No Expiration | Capital Loss Available Total | ||||||||||||
U.S. Dividend ex-Financials Fund | $ | 1,318,159 | $ | — | $ | — | $ | 1,318,159 | ||||||||
U.S. Earnings 500 Fund | 4,536,572 | — | — | 4,536,572 | ||||||||||||
U.S. High Dividend Fund | 17,516,442 | — | — | 17,516,442 | ||||||||||||
U.S. LargeCap Dividend Fund | 23,138,077 | — | — | 23,138,077 | ||||||||||||
U.S. MidCap Dividend Fund | — | 22,267,008 | — | 22,267,008 | ||||||||||||
U.S. MidCap Earnings Fund | 346,722 | 23,997,222 | — | 24,343,944 | ||||||||||||
U.S. Multifactor Fund | — | 58,584 | — | 58,584 | ||||||||||||
U.S. Quality Dividend Growth Fund | — | 1,331,675 | — | 1,331,675 | ||||||||||||
U.S. Quality Shareholder Yield Fund | 295,465 | — | — | 295,465 | ||||||||||||
U.S. SmallCap Dividend Fund | 6,604,794 | 32,530,748 | 15,007,483 | 54,143,025 | ||||||||||||
U.S. SmallCap Earnings Fund | 921,406 | 23,947,581 | — | 24,868,987 | ||||||||||||
U.S. SmallCap Quality Dividend Growth Fund | — | 6,314,059 | 1,451,296 | 7,765,355 | ||||||||||||
U.S. Total Dividend Fund | 5,967,514 | — | — | 5,967,514 | ||||||||||||
U.S. Total Earnings Fund | 935,380 | — | — | 935,380 |
Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.
For the year or period ended March 31, 2018, the Funds did not incur or elect to defer any post-October capital losses or late year ordinary losses.
During the fiscal year or period ended March 31, 2018, the amount of capital loss carryforwards used to offset realized gains and the amount of capital loss carryforwards that expired unused are shown in the following table:
Fund | Expired Capital Loss Carryforward | Utilized Capital Loss Carryforward | ||||||
U.S. Dividend ex-Financials Fund | $ | 37,088,420 | $ | 46,150,608 | ||||
U.S. Earnings 500 Fund | 7,043,205 | 4,889,251 | ||||||
U.S. High Dividend Fund | — | 28,854,687 | ||||||
U.S. LargeCap Dividend Fund | — | 50,423,913 | ||||||
U.S. MidCap Dividend Fund | — | 9,612,641 | ||||||
U.S. MidCap Earnings Fund | 6,328,159 | 26,278,184 | ||||||
U.S. Multifactor Fund1 | — | — | ||||||
U.S. Quality Dividend Growth Fund | — | 12,680,255 | ||||||
U.S. Quality Shareholder Yield Fund | 6,758,869 | 6,834,203 | ||||||
U.S. SmallCap Dividend Fund | 29,790,025 | 31,454,474 | ||||||
U.S. SmallCap Earnings Fund | 4,654,874 | 12,532,581 | ||||||
U.S. SmallCap Quality Dividend Growth Fund | — | — | ||||||
U.S. Total Dividend Fund | — | 14,104,460 | ||||||
U.S. Total Earnings Fund | 1,988,864 | 3,131,859 |
1 | For the period June 29, 2017 (commencement of operations) through March 31, 2018. |
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Notes to Financial Statements (concluded)
At March 31, 2018, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:
Fund | Undistributed Net Investment Income | Accumulated Net Realized Gain/(Loss) | Paid-in Capital | |||||||||
U.S. Dividend ex-Financials Fund | $ | 26,427 | $ | 17,984,215 | $ | (18,010,642 | ) | |||||
U.S. Earnings 500 Fund | 342 | 6,371,564 | (6,371,906 | ) | ||||||||
U.S. High Dividend Fund | 23,835 | (67,358,021 | ) | 67,334,186 | ||||||||
U.S. LargeCap Dividend Fund | — | (54,137,175 | ) | 54,137,175 | ||||||||
U.S. MidCap Dividend Fund | 3,754 | (133,704,445 | ) | 133,700,691 | ||||||||
U.S. MidCap Earnings Fund | 7,511 | (34,756,662 | ) | 34,749,151 | ||||||||
U.S. Multifactor Fund | 50 | (283,084 | ) | 283,034 | ||||||||
U.S. Quality Dividend Growth Fund | — | (115,056,570 | ) | 115,056,570 | ||||||||
U.S. Quality Shareholder Yield Fund | — | 5,290,224 | (5,290,224 | ) | ||||||||
U.S. SmallCap Dividend Fund | 14,679 | (93,119,146 | ) | 93,104,467 | ||||||||
U.S. SmallCap Earnings Fund | 1,738 | (24,125,414 | ) | 24,123,676 | ||||||||
U.S. SmallCap Quality Dividend Growth Fund | 843 | (10,252,470 | ) | 10,251,627 | ||||||||
U.S. Total Dividend Fund | 10,733 | (23,534,027 | ) | 23,523,294 | ||||||||
U.S. Total Earnings Fund | 262 | 395,217 | (395,479 | ) |
These differences are primarily due to redemptions-in-kind, distributions in excess of current earnings, expiration of capital loss carryforwards, non-deductible excise tax paid, investment in real estate investment trusts and realized basis adjustments on securities.
GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year or period ended March 31, 2018, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2018, remains subject to examination by taxing authorities.
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Report of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Trustees of WisdomTree Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of WisdomTree Trust (the “Trust”) (comprising WisdomTree U.S. Dividend ex-Financials Fund (formerly, “WisdomTree Dividend ex-Financials Fund”), WisdomTree U.S. Earnings 500 Fund (formerly, “WisdomTree Earnings 500 Fund”), WisdomTree U.S. High Dividend Fund (formerly, “WisdomTree High Dividend Fund”), WisdomTree U.S. LargeCap Dividend Fund (formerly, “WisdomTree LargeCap Dividend Fund”), WisdomTree U.S. MidCap Dividend Fund (formerly, “WisdomTree MidCap Dividend Fund”), WisdomTree U.S. MidCap Earnings Fund (formerly, “WisdomTree MidCap Earnings Fund”), WisdomTree U.S. Multifactor Fund, WisdomTree U.S. Quality Dividend Growth Fund, WisdomTree U.S. Quality Shareholder Yield Fund (formerly, “WisdomTree LargeCap Value Fund”), WisdomTree U.S. SmallCap Dividend Fund (formerly, “WisdomTree SmallCap Dividend Fund”), WisdomTree U.S. SmallCap Earnings Fund (formerly, “WisdomTree SmallCap Earnings Fund”), WisdomTree U.S. SmallCap Quality Dividend Growth Fund, WisdomTree U.S. Total Dividend Fund (formerly, “WisdomTree Total Dividend Fund”), WisdomTree U.S. Total Earnings Fund (formerly, “WisdomTree Total Earnings Fund”) (collectively referred to as the “Funds”)) including the schedules of investments, as of March 31, 2018, and the related statements of operations, and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds comprising WisdomTree Trust at March 31, 2018, the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.
Funds comprising the WisdomTree Trust | Statement of operations | Statements of changes in net assets | Financial highlights | |||
WisdomTree U.S. Dividend ex-Financials Fund WisdomTree U.S. Earnings 500 Fund WisdomTree U.S. High Dividend Fund WisdomTree U.S. LargeCap Dividend Fund WisdomTree U.S. Quality Shareholder Yield Fund WisdomTree U.S. MidCap Dividend Fund WisdomTree U.S. MidCap Earnings Fund WisdomTree U.S. SmallCap Dividend Fund WisdomTree U.S. SmallCap Earnings Fund WisdomTree U.S. Total Dividend Fund WisdomTree U.S. Total Earnings Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the five years in the period ended March 31, 2018 | |||
WisdomTree U.S. Quality Dividend Growth Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the four years in the period ended March 31, 2018 and the period from May 22, 2013 (commencement of operations) through March 31, 2014 | |||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund | For the year ended March 31, 2018 | For each of the two years in the period ended March 31, 2018 | For each of the four years in the period ended March 31, 2018 and the period from July 25, 2013 (commencement of operations) through March 31, 2014 | |||
WisdomTree U.S. Multifactor Fund | For the period from June 29, 2017 (commencement of operations) through March 31, 2018 |
Basis for Opinion
These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
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Report of Independent Registered Public Accounting Firm (concluded)
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2018, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more WisdomTree investment companies since 2006.
New York, NY
May 24, 2018
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Trustees and Officers Information (unaudited)
The Board of Trustees is responsible for overseeing the management and affairs of the Funds and the Trust. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.
The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.
Independent Trustees
Name and Year of Birth | Position(s) Held with | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other During the Past | ||||||
David G. Chrencik^ (1948) | Trustee, 2014- present | Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms). | 80 | Trustee, Vericimetry Funds (2011 to 2014); Director, Bennett Group of Funds (2011 to 2013); Trustee, del Rey Global Investors Funds (2011 to 2012). | ||||||
Joel Goldberg# (1945) | Trustee, 2012- present | Attorney, Of Counsel at Stroock & Stroock & Lavan LLP (“Stroock”) since 2015; Attorney, Partner at Stroock from 2010 to 2013; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010. | 80 | Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region). | ||||||
Toni Massaro† (1955) | Trustee, 2006- present | Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990. | 80 | None | ||||||
Melinda A. Raso Kirstein‡ (1955) | Trustee, 2014- present | Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management. | 80 | Associate Alumnae of Douglass College, Member of Investment Committee. | ||||||
Victor Ugolyn (1947) | Trustee, 2006- present; Chairman of the Board of Trustees, 2006-present | Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004. | 80 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016). |
* | As of March 31, 2018. |
^ | Chair of the Audit Committee. |
# | Chair of the Contracts Review Committee. |
† | Chair of the Governance, Nominating and Compliance Committee. |
‡ | Chair of the Investment Committee. |
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Trustees and Officers Information (unaudited) (concluded)
Interested Trustee and Officers
Name and Year of Birth | Position(s) Held with the Trust, Term of Office and Length of Time Served | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other During the Past | ||||||
Jonathan Steinberg** (1964) | Trustee, 2005- present President, 2005-present | President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2012; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2005. | 80 | Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. | ||||||
David Castano** (1971) | Treasurer, 2013- present | Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011. | 80 | None | ||||||
Terry Jane Feld** (1960) | Chief Compliance Officer, 2012- present | Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011. | 80 | None | ||||||
Ryan Louvar** (1972) | Secretary and Chief Legal Officer, 2013- present | General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013. | 80 | None | ||||||
Joanne Antico** (1975) | Assistant Secretary, 2018- | Senior Investment Management Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016. | 80 | None | ||||||
Clint Martin** (1977) | Assistant Treasurer, 2015-present | Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co. | 80 | None |
* | As of March 31, 2018. |
** | Elected by and serves at the pleasure of the Board. |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year or period ended March 31, 2018, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2019.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended March 31, 2018, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
Fund | Qualified Dividend Income | |||
U.S. Dividend ex-Financials Fund | $ | 28,141,027 | ||
U.S. Earnings 500 Fund | 2,586,608 | |||
U.S. High Dividend Fund | 37,398,084 | |||
U.S. LargeCap Dividend Fund | 49,979,017 | |||
U.S. MidCap Dividend Fund | 59,746,997 | |||
U.S. MidCap Earnings Fund | 10,100,147 | |||
U.S. Multifactor Fund1 | 35,735 | |||
U.S. Quality Dividend Growth Fund | 34,344,320 | |||
U.S. Quality Shareholder Yield Fund | 642,537 | |||
U.S. SmallCap Dividend Fund | 45,657,641 | |||
U.S. SmallCap Earnings Fund | 5,289,781 | |||
U.S. SmallCap Quality Dividend Growth Fund | 2,124,337 | |||
U.S. Total Dividend Fund | 15,363,975 | |||
U.S. Total Earnings Fund | 1,103,114 |
The following represents the percentage of dividends paid during the fiscal year or period ended March 31, 2018, that qualify for the 70% dividends received deduction for corporate shareholders:
Fund | Dividends-Received Deduction | |||
U.S. Dividend ex-Financials Fund | 100.00 | % | ||
U.S. Earnings 500 Fund | 93.71 | % | ||
U.S. High Dividend Fund | 97.56 | % | ||
U.S. LargeCap Dividend Fund | 99.55 | % | ||
U.S. MidCap Dividend Fund | 88.49 | % | ||
U.S. MidCap Earnings Fund | 89.16 | % | ||
U.S. Multifactor Fund1 | 87.05 | % | ||
U.S. Quality Dividend Growth Fund | 99.87 | % | ||
U.S. Quality Shareholder Yield Fund | 95.94 | % | ||
U.S. SmallCap Dividend Fund | 78.51 | % | ||
U.S. SmallCap Earnings Fund | 92.99 | % | ||
U.S. SmallCap Quality Dividend Growth Fund | 92.86 | % | ||
U.S. Total Dividend Fund | 99.58 | % | ||
U.S. Total Earnings Fund | 94.24 | % |
1 | For the period June 29, 2017 (commencement of operations) through March 31, 2018. |
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.
Frequency Distribution of Discounts & Premiums
Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.
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The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2018:
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 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 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 Equity Fund (DXJ)
WisdomTree Japan Hedged Financials Fund (DXJF)
WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
WisdomTree Emerging Markets Dividend Fund (DVEM) WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) |
WisdomTree Emerging Markets High Dividend Fund (DEM)
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Global ex-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 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 Russell 2000 PutWrite Strategy Fund (RPUT)
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) |
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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.
There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. 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.
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WisdomTree Trust
245 Park Avenue, 35th Floor
New York, NY 10167
WisdomTree Domestic Equity Funds
WisdomTree U.S. Dividend ex-Financials Fund (DTN)
(formerly, WisdomTree Dividend ex-Financials Fund)
WisdomTree U.S. Earnings 500 Fund (EPS)
(formerly, WisdomTree Earnings 500 Fund)
WisdomTree U.S. High Dividend Fund (DHS)
(formerly, WisdomTree High Dividend Fund)
WisdomTree U.S. LargeCap Dividend Fund (DLN)
(formerly, WisdomTree LargeCap Dividend Fund)
WisdomTree U.S. MidCap Dividend Fund (DON)
(formerly, WisdomTree MidCap Dividend Fund)
WisdomTree U.S. MidCap Earnings Fund (EZM)
(formerly, WisdomTree MidCap Earnings Fund)
WisdomTree U.S. Multifactor Fund (USMF)
WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
(formerly, WisdomTree U.S. LargeCap Value Fund (EZY))
WisdomTree U.S. SmallCap Dividend Fund (DES)
(formerly, WisdomTree SmallCap Dividend Fund)
WisdomTree U.S. SmallCap Earnings Fund (EES)
(formerly, WisdomTree SmallCap Earnings Fund)
WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)
WisdomTree U.S. Total Dividend Fund (DTD)
(formerly, WisdomTree Total Dividend Fund)
WisdomTree U.S. Total Earnings Fund (EXT)
(formerly, WisdomTree Total Earnings Fund)
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.
WTGM-0796
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Item 2. | Code of Ethics. |
(a) | The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. |
(c) | There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. |
(d) | The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. |
(f) | The code of ethics is attached hereto as exhibit 13(a)(1). |
Item 3. | Audit Committee Financial Expert. |
The Registrant’s Board of Trustees has determined that the Registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the Registrant’s audit committee is David Chrencik, who is an independent Trustee of the Trust, as that term is defined under Item 3(a) (2).
Item 4. | Principal Accountant Fees and Services. |
Audit Fees
(a) | The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are $1,151,110 for 2018 and $1,273,638 for 2017. |
Audit-Related Fees
(b) | The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item are $119,774 for 2018 and $140,141 for 2017. |
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Tax Fees
(c) | The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning are $657,960 for 2018 and $847,636 for 2017. |
All Other Fees
(d) | The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $0 for 2018 and $0 for 2017. |
(e)(1) | Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X. |
Per Rule 2-01(c) (7) (A), the Registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the Registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Trust are compatible with maintaining the auditor’s independence.
(e)(2) | The Registrant’s Audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. |
(f) | The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%. |
(g) | The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant was $657,960 for 2018 and $847,636 for 2017. |
(h) | Not applicable. |
Item 5. | Audit Committee of Listed registrants. |
The Registrant is an issuer as defined in Rule 10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.
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Item 6. | Investments. |
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable.
Item 8. | Portfolio Managers of Closed-End Management Investment Companies. |
Not applicable.
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not applicable.
Item 10. | Submission of Matters to a Vote of Security Holders. |
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. | Controls and Procedures. |
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
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(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies |
Not applicable.
Item 13. | Exhibits. |
(a)(1) | Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(3) | Not applicable. |
(a)(4) | Not applicable. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) | WisdomTree Trust | |||
By (Signature and Title) | /s/ Jonathan L. Steinberg | |||
Jonathan L. Steinberg, President | ||||
(principal executive officer) |
Date: June 4, 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 L. Steinberg | |||
Jonathan L. Steinberg, President | ||||
(principal executive officer) |
Date: June 4, 2018
By (Signature and Title) | /s/ David Castano | |||
David Castano, Treasurer | ||||
(principal financial officer) |
Date: June 4, 2018