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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMN-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21864
WisdomTree Trust
(Exact name of registrant as specified in charter)
245 Park Avenue, 35th Floor
New York, NY 10167
(Address of principal executive offices) (Zip code)
The Corporation Trust Company
1209 Orange Street
Wilmington, DE 19801
(Name and address of agent for service)
Registrant’s telephone number, including area code: (866) 909-9473
Date of fiscal year end: June 30
Date of reporting period: June 30, 2019
FormN-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 Rule30e-1 under the Investment Company Act of 1940 (17 CFR270.30e-1). The Commission may use the information provided on FormN-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by FormN-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in FormN-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 Reports to Shareholders are attached hereto.
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WisdomTree Trust
Annual Report
June 30, 2019
International Equity ETFs:
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 Emerging Markets Dividend Fund (DVEM)
WisdomTree Europe Multifactor Fund (EUMF)
(formerly, WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ))
WisdomTree Global ex-Mexico Equity Fund (XMX)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
WisdomTree Japan Multifactor Fund (JAMF)
(formerly, WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP))
Fixed Income ETFs:
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
Alternative ETFs:
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
Asset Allocation ETFs:
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
WisdomTree Balanced Income Fund (WBAL)
IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the WisdomTree Funds’ annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, annual and semi-annual shareholder reports will be available on the WisdomTree Funds’ website (www.wisdomtree.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank).
You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account.
Table of Contents
| 1 | ||||
Information about Performance and Shareholder Expense Examples (unaudited) | 5 | |||
| 6 | ||||
| 22 | ||||
| Schedules of Investments |
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WisdomTree Dynamic Currency Hedged International Equity Fund | 26 | |||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | 39 | |||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 43 | |||
| 57 | ||||
| 67 | ||||
| 71 | ||||
| 78 | ||||
| 85 | ||||
| 89 | ||||
| 92 | ||||
| 96 | ||||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 99 | |||
| 102 | ||||
| 105 | ||||
| 108 | ||||
| 115 | ||||
| 116 | ||||
| 120 | ||||
| 124 | ||||
| 130 | ||||
| 138 | ||||
| 158 | ||||
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) | 160 | |||
| 163 | ||||
| 165 | ||||
| 167 | ||||
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
Table of Contents
(unaudited)
U.S. Market
The U.S. equity market, as measured by the S&P 500® Index, returned +10.42% for the twelve month fiscal period that ended June 30, 2019 (the “period”).
U.S. equities experienced positive returns through September 2018, driven by robust corporate profits and economic growth, the benefit of U.S. corporate tax reform, gradual monetary policy normalization, as well as positive consumer and business survey data.
The positive trend in U.S. equities reversed in the fourth quarter of 2018 with the S&P 500® Index experiencing a market correction of-13.52%, resulting in the first calendar year loss for the index since the 2008 financial crisis. Key drivers of negative returns and heightened volatility in the fourth quarter of 2018 were concerns about the sustainability of U.S. corporate earnings growth, U.S. credit quality, as well as fears of slowing global trade and economic growth.
In the last six months of 2018, the U.S. Federal Reserve (the “Fed”) raised the benchmark rate two times, equating to a cumulative increase of 0.50%. Meanwhile, the Consumer Price Index decreased from its 2018 peak and U.S. inflation expectations, as measured by the difference between the nominal and real10-year U.S. Treasury yields, fell below the +2.0% threshold, a signal from the market that the additional Fed rate hikes in late 2018 may not have been warranted.
In the first quarter of 2019 the U.S. equity market, as measured by the S&P 500® Index, rebounded sharply to return +13.65%. Indicators of economic growth signaled a mix of moderating growth and continued strength. Purchasing Managers’ Index survey data decreased, although the level remained consistent with the average it had been across periods of economic expansion. Meanwhile, payroll wage and unemployment data exceeded expectations. The delayed release of fourth-quarter and full-year 2018 gross domestic product (“GDP”) fueled positive equity market returns — 2018 real GDP growth of +2.9% was stronger than anticipated and marked a rate of expansion that had only been reached two other times since 2005. The Fed also paused its multi-year rate hike program for the time being and stressed that further rate actions would be data dependent. Easing monetary policy and more constructive U.S.-China trade negotiations drove positive sentiment in U.S. equity markets.
The second quarter of 2019 was characterized by a continued relief rally in U.S. stocks through April 2019, followed by asell-off in May 2019, and a subsequent recovery in June 2019. The release of stronger than anticipated first quarter GDP growth as well the continuation of solid jobs and wages gains alongside record low unemployment levels helped drive positive equity market returns in April 2019. In early May 2019, U.S.-China trade negotiations broke down — the U.S. increased tariffs to 25% from 10% on $200 billion in Chinese goods, and China respondedin-kind by raising tariffs on U.S. imports. Leading up to the Federal Reserve June 2019 meeting, core inflation remained below the Fed’s 2% target, manufacturing survey data slightly deteriorated, and the May 2019 jobs report came in meaningfully below expectations. In June 2019, the Fed’s outlook for the U.S. economy was markedly uncertain. The Fed left its target monetary policy rate unchanged and indicated that future rate action would be taken if needed to sustain the U.S. economic expansion. Expectations for future Fed rate cuts along with resumption of U.S.-China trade negotiations at the upcomingG-20 forum led U.S. equities higher through the end of June 2019 to return +4.30% in the second quarter of 2019.
Over the period, the increase in U.S. short-term interest rates exceeded the decrease in long-term rates (an anomaly that is generally seen as a recession indicator if it persists for a protracted period of time), resulting in an inversion of the yields at theshort-end of the U.S. Treasury yield curve. The Fed funds rate increased 0.50% to 2.50% while the2-Year U.S. Treasury Note yield fell 0.77% to 1.75% and the U.S.10-Year Treasury yield fell 0.85% to 2.00%. The closely monitored spread between the2- and10-year U.S. Treasury yields decreased from 0.33% to 0.25% over the period. The rise in short-term rates was
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Market Environment Overview
(unaudited) (continued)
driven by tightening monetary policy through the final six months of 2018, while the drop in long-term rates reflected the outlook for slowing global economic growth, declining inflation expectations, as well as the Fed’s dovish shift in monetary policy in early 2019.
Through early January 2019, investment grade and high yield spreads, as measured by the ICE BofA Merrill Lynch U.S. Corporate Master Option-Adjusted Spread and the ICE BofA Merrill Lynch U.S. High Yield Option-Adjusted Spread, both expanded 0.34% and 1.83%, respectively, reflecting fears of slowing global trade and economic growth as well as a potential for deterioration of U.S. credit quality. Early January 2019 marked the peak in investment grade and high yield spreads for the twelve month period ended June 30, 2019. From early January 2019 through the end of June 2019, investment grade and high yield spreads tightened, reflecting expectations for easing monetary policy and a more constructive outlook on U.S. credit quality. As of June 30, 2019, investment grade spreads tightened 0.41% and 0.07% from the January 2019 peak and the beginning of the12-month period ended June 30, 2019, respectively. Meanwhile, high-yield spreads tightened 1.38% from the January 2019 peak, but widened 0.45% from the beginning of the 12-month period ended June 30, 2019.
Emerging and International Markets
Emerging market (“EM”) equities, as measured by the MSCI Emerging Markets Index, returned +1.84% in local currency terms and +1.21% in U.S. dollar terms over the12-month period ending June 30, 2019. For much of the period, broad strength in the U.S. dollar hurt foreign EM currencies. Argentina and Turkey experienced even greater negative currency performance due to political and economic shocks. The Argentine peso weakened 31.90% versus the U.S. dollar during the period. A sharp contraction in Argentinian economic activity in the fourth quarter of 2018 combined with rampant inflation, high unemployment, and a large fiscal deficit sunk the Argentinian peso, despite a sizeable financial support program from the International Monetary Fund. During the fiscal period, the Turkish lira declined 20.73% versus the U.S. dollar as the Turkish economy entered a recession in late 2018 and foreign investors weighed concerns over the country’s political and economic instability. Rising debt burdens and subsequent bankruptcies led the Turkish lira lower over the period, alongside a meaningful increase in borrowing costs and persistently high inflation.
The first half of the period was characterized by negative equity market returns driven by moderating global economic growth and trade. Signals of a slowdown in China were a meaningful headwind on EM equity returns at the end of 2018 — China’s GDP growth slowed to a level last experienced in 2009. The country’s manufacturing activity contracted while trade activity also provided evidence of the negative impact from the U.S.-China trade dispute. These factors all contributed to growing concerns around slowing demand for global products and resources from China. Additionally, many EM countries with economies that are heavily reliant on the performance of the energy market were negatively impacted by a 40% drop in crude oil prices in the fourth quarter of 2018 due to oversupply.
In the early second half of the period, economic stimulus implemented by the Chinese government and easing trade tensions with the U.S. were substantial drivers of positive equity market performance in China as well as in export-oriented countries in the first quarter of 2019. Expectations forflat-to-lower U.S. interest rates also bolstered emerging market returns in the first quarter. Energy-centric economies benefited from a recovery in oil prices following a cut in global production in early 2019. Positive sentiment around global trade was somewhat offset by troubled emerging market economies, including a slow recovery in Argentina, as well as contracting GDP rates in South Africa, South Korea, and Indonesia.
EM equitiessold-off in May 2019, driven by the breakdown in U.S.-China trade negotiations. A less constructive outlook for global trade negatively impacted oil prices
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Market Environment Overview
(unaudited) (continued)
amid mounting concerns about oversupply and low demand. Meanwhile, Indian Prime Minister Modi was reelected for a second five-year term, which was a positive catalyst for Indian equities during the second quarter of 2019. The resumption of U.S.-China trade negotiations in June 2019 alongside falling oil inventories and increased expectations for easing monetary policy in the developed world, especially in the U.S., led EM equities to recover through June 2019.
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 +2.17% in local currency terms and +1.08% in U.S. dollar terms in the 12-month period ended June 30, 2019. Over the period, the U.S. dollar experienced significant appreciation (i.e. strengthened) against most major currencies. In particular, the British pound and the Euro experienced negative spot returns vs. the U.S. dollar, while the Japanese yen strengthened vs. the U.S. dollar over the period — together these currencies account for about 75% of the MSCI EAFE Index’s currency exposure.
Modest equity market gains in the third quarter of 2018 were reversed by a sharp market correction in the fourth quarter of 2018. Weak equity performance through the fourth quarter of 2018 in mainland Europe (“Eurozone”) was primarily driven by softening economic data, declining economic sentiment, and mounting fears of recession. The Eurozone saw two consecutive quarters of declining GDP growth in the last six months of 2018. Europe’s largest economies, Germany and France, both released disappointing 2018 GDP growth figures. Importantly, Germany experienced the slowest annual GDP growth rate since 2013. Similarly, the U.K. economy expanded 1.4%, marking the weakest economic growth for the nation in six years. Additionally, export-oriented economies within the Eurozone were negatively impacted by the U.S.-China trade dispute. These developments had a negative impact on European sentiment and equities over the period.
Political fragmentation and uncertainty also negatively impacted the Eurozone during this time period. The new populist governing body in Italy failed to defuse fears about the country’s budget deficit and slowing economic growth. Meanwhile, protests and demand for political reform in France provided evidence of political and economic divide.
Most notably, a lack of resolution on the ultimate outcome and timing of the United Kingdom’s departure from the European Union (known as “BREXIT”) was a hindrance for the Eurozone during this time period. Following several months of negotiations with European Union counterparts, the draft BREXIT deal released by British Prime Minister Theresa May was met with substantial criticism from British Parliament and from within her own party. Prime Minister May’s exit deal was met with such resistance that she narrowly won a no confidence vote in her leadership from within her Conservative party. Multiple variations of a BREXIT resolution were ultimately rejected, including an exit plan negotiated with the European Union, a referendum to revoke BREXIT entirely, and an election to break away from the European Union without a deal altogether.
European equities rebounded alongside global equities in the first half of 2019, despite reductions in Eurozone economic growth forecasts and ongoing concerns about the political and financial strength of the European Union. Measures taken by the European Central Bank to stimulate private sector bank lending and more positive news on theU.S.-China trade dispute helped fuel the rebound in European equities in the first quarter of 2019. In the second quarter of 2019 incoming economic data continued to show signs of weakening. In Germany, manufacturing survey data contracted, and10-year German government bond yields entered negative territory for the first time since 2016. Meanwhile, concerns about Italy’s growing budget deficit remained a negative overhang on the Eurozone. Price inflation also remained stubbornly low, falling to the lowest level in more than a year in May 2019.
Despite having announced the end of its quantitative easing program in early 2019, the European Central Bank responded to deteriorating economic conditions by signaling an openness to policy rate cuts and a renewed asset purchase program to stimulate economic
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Market Environment Overview
(unaudited) (concluded)
growth. European equities rallied in the second quarter of 2019 on heightened expectations for easing monetary policy conditions and improved global trade relations.
Japan experienced moderating economic growth during this time period, including a sharp decline in Q3 2018 GDP driven by natural disasters followed by a recovery in Q4 2018. Japanese export growth also declined over the period due to weak demand from China as well as the U.S.-China trade dispute. In December 2018, the Japanese government unveiled a tax reform package for fiscal year 2019 to serve as a counter to the negative effects of a consumption tax hike that will commence later in 2019. Shortly after this announcement, the 2019 budget was announced revealing this will be the first time total spending will rise above 100 trillion Japanese yen, showcasing their difficulties curtailing expenditures. The ultra-accommodative monetary policy maintained by the Bank of Japan, including a near zero10-year yield, did not spur price inflation during the period. Japanese equities recovered in Q1 2019 alongside global equities, driven by more constructive sentiment around global trade. Despite the equity rally in Q1 2019, Japan’s economic data continued to be negatively impacted by subdued global demand, as evidenced by a contraction in the nation’s manufacturing data and a steep decline in exports.
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Information about Performance and Shareholder Expense Examples(unaudited)
Performance
The performance tables on the following pages are provided for comparative purposes and represent the period noted. Each 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 midpoint of the bid and ask price 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 a Fund’s portfolio securities.
Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price 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.
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.
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 recentmonth-end performance information visit www.wisdomtree.com.
Shareholder Expense Examples
Each Fund’s performance table is accompanied by a shareholder expense example. 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 examples are 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 examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from January 1, 2019 to June 30, 2019. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 181/365 (to reflect theone-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.
Actual expenses
The first line in the shareholder expense example table shown on the following pages 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” to estimate the expenses you paid on your account during the period.
Hypothetical example for comparison purposes
The second line in the shareholder expense example table shown on the following pages provides information about hypothetical account values and hypothetical expenses based on the 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 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.
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Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 22.4% | |||
Industrials | 13.1% | |||
Consumer Discretionary | 11.4% | |||
Consumer Staples | 8.8% | |||
Communication Services | 8.5% | |||
Energy | 8.4% | |||
Health Care | 8.0% | |||
Materials | 7.5% | |||
Utilities | 5.5% | |||
Information Technology | 3.7% | |||
Real Estate | 2.6% | |||
Other Assets less Liabilities‡ | 0.1% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
HSBC Holdings PLC | 1.4% | |||
China Mobile Ltd. | 1.4% | |||
BP PLC | 1.3% | |||
Royal Dutch Shell PLC, Class A | 1.3% | |||
TOTAL S.A. | 1.2% | |||
Nestle S.A., Registered Shares | 1.2% | |||
Royal Dutch Shell PLC, Class B | 1.2% | |||
Novartis AG, Registered Shares | 1.2% | |||
Toyota Motor Corp. | 1.0% | |||
British American Tobacco PLC | 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 Dynamic Currency Hedged International Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Equity Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the industrialized world outside the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. 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 3.11% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s position in Health Care contributed positively to performance while its position in Consumer Discretionary contributed negatively to performance. The Fund’s position in Russia contributed positively to performance while its position in Mexico contributed negatively to performance. The Fund uses a rules-based process, combining momentum, value, and interest rate factors, to help determine a currency hedge ratio on the foreign currency exposure. Over the course of the fiscal year, in a period that saw significant currency volatility globally due to global economic tension caused by the U.S.-China trade war, BREXIT, and Middle East oil dispute, the various hedge ratio decisions collectively providedin-line performance to an unhedged benchmark of Europe, Australasia and Far East (“EAFE”) stocks. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable international currencies.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,130.70 | 0.35 | %1 | $ | 1.85 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.06 | 0.35 | %1 | $ | 1.76 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 3.11 | % | 10.16 | % | 9.26 | % | ||||||
Fund Market Price Returns | 3.77 | % | 9.94 | % | 9.46 | % | ||||||
WisdomTree Dynamic Currency Hedged International Equity Index | 3.19 | % | 10.27 | % | 9.35 | % | ||||||
MSCI EAFE Local Currency Index | 2.17 | % | 9.80 | % | 7.75 | % | ||||||
MSCI EAFE Index | 1.08 | % | 9.11 | % | 8.14 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
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Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)
Sector Breakdown†
| Sector | % of Net Assets | |||
Consumer Discretionary | 17.8% | |||
Industrials | 16.4% | |||
Consumer Staples | 15.8% | |||
Health Care | 13.5% | |||
Information Technology | 12.4% | |||
Materials | 10.9% | |||
Communication Services | 4.6% | |||
Real Estate | 3.1% | |||
Financials | 2.2% | |||
Utilities | 1.7% | |||
Energy | 1.3% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% | |||
| † | The sector information shown is that of the Underlying Fund. The Underlying Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets of the Underlying Fund includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Industria de Diseno Textil S.A. | 4.4% | |||
Unilever N.V., CVA | 4.3% | |||
Rio Tinto PLC | 3.9% | |||
British American Tobacco PLC | 3.5% | |||
Novo Nordisk A/S, Class B | 3.3% | |||
SAP SE | 3.3% | |||
Kering S.A. | 2.3% | |||
Diageo PLC | 2.3% | |||
Unilever PLC | 2.2% | |||
Telenor ASA | 2.0% | |||
| * | The ten largest holdings shown is that of the Underlying Fund and are subject to change, and there are no guarantees the Underlying Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). For a full list of current holdings information for the Underlying Fund, please visit www.wisdomtree.com. |
The WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in companies from developed market countries, excluding the U.S. and Canada, with growth and quality characteristics while at the same time dynamically hedging exposure to fluctuations between the value of the foreign currencies relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index (including indirect investments through the WisdomTree International Quality Dividend Growth Fund (IQDG) (the ‘‘Underlying Fund’’)) whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole.
The Fund returned 2.56% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s exposure to the Financials sector from its investment in the Underlying Fund contributed most positively to performance, while its exposure to the Consumer Staples sector from its investment in the Underlying Fund contributed most negatively to performance. Likewise, the Fund’s underweight exposure to France from its investment in the Underlying Fund aided performance the most, while an underweight exposure to Switzerland from its investment in the Underlying Fund was the greatest detractor. The Fund’s underweight exposure in Large Cap equities from its investment in the Underlying Fund was beneficial for performance, while its overweight exposure to Mid- and Small-Cap equities from its investment in the Underlying Fund hampered performance the most. Over the past fiscal year, developed international equity markets have encountered significant headwinds, including concerns over economic growth, trade conflicts, geopolitical uncertainty, and central bank activity. Interest rates have remained very low (and even negative) in developed equity markets, but despite the steps to make monetary policy more accommodating, growth in the region has remained stagnant in the late-cycle, post-crisis environment. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable international currencies.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,184.60 | 0.10 | %1 | $ | 0.54 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.30 | 0.10 | %1 | $ | 0.50 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investments in the Underlying Fund, as well as an additional 0.10%, through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. Had AFFEs been included (as shown in the net expense ratio in the Fund’s prospectus) the “Annualized Net Expense Ratio” would have been higher. |
Performance
| Average Annual Total Return | ||||||||
| 1 Year | Since Inception1 | |||||||
Fund NAV Returns | 2.56 | % | 10.95 | % | ||||
Fund Market Price Returns | 2.55 | % | 11.00 | % | ||||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index | 2.76 | % | 11.54 | % | ||||
MSCI EAFE Local Currency Index | 2.17 | % | 9.14 | % | ||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on November 3, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 7 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 24.0% | |||
Consumer Discretionary | 15.9% | |||
Financials | 15.8% | |||
Materials | 10.5% | |||
Information Technology | 7.2% | |||
Real Estate | 6.1% | |||
Communication Services | 5.8% | |||
Consumer Staples | 5.2% | |||
Health Care | 3.9% | |||
Energy | 2.9% | |||
Utilities | 2.9% | |||
Other Assets less Liabilities‡ | -0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Royal Mail PLC | 0.7% | |||
bpost S.A. | 0.5% | |||
Freenet AG | 0.5% | |||
Hammerson PLC | 0.5% | |||
Navigator Co. S.A. (The) | 0.5% | |||
Azimut Holding SpA | 0.5% | |||
Elkem ASA | 0.4% | |||
Siltronic AG | 0.4% | |||
Air New Zealand Ltd. | 0.4% | |||
Bank of Queensland Ltd. | 0.4% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in the small-capitalization segment of dividend-paying companies in the industrialized world outside the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. 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-3.70% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s position in Utilities contributed positively to performance while its position in Financials contributed negatively to performance. The Fund’s position in Israel contributed most positively to performance while its position in Japan contributed most negatively to performance. The Fund uses a rules-based process, combining momentum, value, and interest rate factors, to help determine a currency hedge ratio on the foreign currency exposure. Over the course of the fiscal year through June of 2019, the various hedge ratio decisions collectively provided relativelyin-line performance to an unhedged benchmark of Europe, Australasia and Far East (“EAFE”) small-cap stocks. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable international currencies.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,107.80 | 0.43 | %1 | $ | 2.25 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.66 | 0.43 | %1 | $ | 2.16 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | -3.70 | % | 10.07 | % | 8.74 | % | ||||||
Fund Market Price Returns | -4.07 | % | 9.95 | % | 8.91 | % | ||||||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Index | -3.20 | % | 10.63 | % | 9.26 | % | ||||||
MSCI EAFE Small Cap Local Currency Index | -5.51 | % | 9.99 | % | 7.73 | % | ||||||
MSCI EAFE Small Cap Index | -6.35 | % | 9.06 | % | 8.28 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 8 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Emerging Markets Dividend Fund (DVEM)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 22.3% | |||
Information Technology | 19.1% | |||
Energy | 11.5% | |||
Materials | 10.3% | |||
Communication Services | 7.3% | |||
Consumer Staples | 7.1% | |||
Industrials | 6.2% | |||
Consumer Discretionary | 6.2% | |||
Utilities | 4.0% | |||
Real Estate | 3.9% | |||
Health Care | 1.3% | |||
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*
| Description | % of Net Assets | |||
Samsung Electronics Co., Ltd. | 5.8% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 3.7% | |||
China Construction Bank Corp., Class H | 2.4% | |||
Gazprom PJSC, ADR | 1.6% | |||
China Mobile Ltd. | 1.6% | |||
Industrial & Commercial Bank of China Ltd., Class H | 1.4% | |||
Sberbank of Russia PJSC, ADR | 1.3% | |||
Tatneft PJSC, ADR | 1.3% | |||
MMC Norilsk Nickel PJSC, ADR | 1.3% | |||
Lukoil PJSC, ADR | 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 Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the emerging markets. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 5.25% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s position in Communication Services contributed most positively to performance, while its position in Financials contributed most negatively to performance. Likewise, the Fund’s allocation to China aided performance the most, reflecting China’s commitment to accommodative monetary policy and financial market liberalization, while its position in Brazil was the greatest detractor, driven by ongoing geopolitical uncertainties. A modest underweight to large- and mid-cap equities was most beneficial for performance, while an overweight to small-cap equities was less impactful, though additive, nonetheless. Over the past fiscal year, global financial markets have largely been dictated by geopolitical headlines, central bank activity, and broad concerns over economic growth in the post-crisis environment. While market performance has largely remained positive over this timeframe, temporary bouts of significant volatility have tempered investor optimism for continued growth late in the economic cycle.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,111.20 | 0.32 | % | $ | 1.68 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.21 | 0.32 | % | $ | 1.61 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 5.25 | % | 10.41 | % | 11.29 | % | ||||||
Fund Market Price Returns | 5.19 | % | 10.30 | % | 11.42 | % | ||||||
WisdomTree Emerging Markets Dividend Index | 5.43 | % | 10.50 | % | 11.39 | % | ||||||
MSCI Emerging Markets Index | 1.21 | % | 10.66 | % | 11.22 | % | ||||||
| 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. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 9 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Europe Multifactor Fund (EUMF)
(formerly, WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ))
Sector Breakdown†
| Sector | % of Net Assets | |||
Consumer Staples | 15.9% | |||
Financials | 14.1% | |||
Industrials | 14.1% | |||
Health Care | 11.3% | |||
Consumer Discretionary | 11.2% | |||
Utilities | 8.0% | |||
Communication Services | 7.7% | |||
Real Estate | 6.1% | |||
Energy | 5.2% | |||
Information Technology | 4.4% | |||
Materials | 2.4% | |||
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*
| Description | % of Net Assets | |||
Roche Holding AG, Genusschein | 0.9% | |||
TLG Immobilien AG | 0.9% | |||
TOTAL S.A. | 0.9% | |||
Allianz SE, Registered Shares | 0.9% | |||
Veolia Environnement S.A. | 0.9% | |||
Swisscom AG, Registered Shares | 0.9% | |||
Orange S.A. | 0.9% | |||
Danone S.A. | 0.9% | |||
LEG Immobilien AG | 0.9% | |||
Barco N.V. | 0.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Multifactor Fund (the “Fund”) seeks income and capital appreciation by investing in European equity securities with the highest potential for returns based on proprietary measures of fundamental factors, such as value and quality, and technical factors, such as momentum and correlation, while seeking to manage currency risk by dynamically hedging currency fluctuations in the relative value of the applicable European currencies against the U.S. dollar, ranging from a 0% to 100% hedge. Prior to March 29, 2019, the Fund sought to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Europe Equity Index (the “Index”) by investing in European dividend-paying companies while at the same time dynamically hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar.
The Fund returned-0.25% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s position in Utilities contributed most positively to performance, while its position in Financials detracted the most from performance. The Fund’s position in Switzerland contributed most positively to performance, while its position in Luxembourg contributed most negatively to performance. On March 29, 2019, the Fund changed its investment strategy from a passively-managed index-based strategy to an actively-managed strategy using a model-based approach. The Fund’s overall performance can be attributed to the two strategies before and after the investment objective change. During October of 2018 to January of 2019, the Fund saw a loss in returns due the heightened global economic tension caused by the U.S.-China trade war, BREXIT, and Italy’s large budget deficit. With Europe’s economic indicators pointing to a slowdown, the Fund suffered a negative return as European equities tumbled in the second half of 2018. After Q1 2019, the Fund had a relatively stable performance as the global tension eased. During the fiscal year, the Fund’s use of forward foreign currency contracts contributed positively to performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against applicable European currencies.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,122.30 | 0.43 | %1 | $ | 2.26 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.26 | 0.43 | %1 | $ | 2.16 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | -0.25 | % | 10.57 | % | 8.47 | % | ||||||
Fund Market Price Returns | 0.14 | % | 10.05 | % | 8.75 | % | ||||||
MSCI Europe Index | 1.88 | % | 9.11 | % | 7.95 | % | ||||||
MSCI European Economic and Monetary Union (EMU) Local Currency Index2 | 2.01 | % | 9.60 | % | 6.95 | % | ||||||
MSCI European Economic and Monetary Union (EMU) Index2 | -0.48 | % | 10.50 | % | 8.49 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016. |
| 2 | Prior to March 29, 2019, the Fund’s performance was measured against the unaffiliated broad-based securities market indexes of the EMU Local Currency Index (primary) and the EMU Index (secondary). Effective with the investment objective and strategy change on March 29, 2019, the Fund’s performance is measured against the unaffiliated broad-based securities market index of the MSCI Europe Index. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 10 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Globalex-Mexico Equity Fund (XMX)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 16.4% | |||
Financials | 16.2% | |||
Health Care | 11.8% | |||
Industrials | 10.7% | |||
Consumer Discretionary | 10.3% | |||
Communication Services | 8.3% | |||
Consumer Staples | 8.0% | |||
Energy | 5.1% | |||
Materials | 5.1% | |||
Utilities | 3.3% | |||
Real Estate | 2.9% | |||
Other Assets less Liabilities‡ | 1.9% | |||
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*
| Description | % of Net Assets | |||
Microsoft Corp. | 2.2% | |||
Apple, Inc. | 1.9% | |||
Amazon.com, Inc. | 1.8% | |||
Facebook, Inc., Class A | 1.0% | |||
Johnson & Johnson | 0.8% | |||
JPMorgan Chase & Co. | 0.8% | |||
Alphabet, Inc., Class A | 0.8% | |||
Tencent Holdings Ltd. | 0.7% | |||
Nestle S.A., Registered Shares | 0.7% | |||
Berkshire Hathaway, Inc., Class B | 0.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Globalex-Mexico Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Globalex-Mexico Equity Index (the “Index”). In seeking to track the Index, the Fund invests in large-capitalization companies operating across diversified sectors in developed and emerging markets throughout the world, excluding Mexico. 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 6.44% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s position in Health Care contributed most positively to performance, while its position in Financials contributed most negatively to performance. Likewise, the Fund’s overweight to the United States aided performance the most, while its position in the United Kingdom was the greatest detractor, reflecting continued BREXIT uncertainty. During the fiscal year, the Fund’s exclusion of Mexican equities positively contributed to performance, albeit modestly. Over the past fiscal year, global financial markets have largely been dictated by geopolitical headlines, central bank activity, and broad concerns over economic growth in the post-crisis environment. While market performance has largely remained positive over this timeframe, temporary bouts of significant volatility have tempered investor optimism for continued growth late in the economic cycle.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,164.40 | 0.20 | % | $ | 1.07 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.80 | 0.20 | % | $ | 1.00 | ||||||||
Performance
| Average Annual Total Return | ||||||||
| 1 Year | Since Inception1 | |||||||
Fund NAV Returns | 6.44 | % | 10.54 | % | ||||
Fund Market Price Returns | 6.36 | % | 10.34 | % | ||||
WisdomTree Globalex-Mexico Equity Index | 6.18 | % | 10.32 | % | ||||
MSCI AC World Index | 5.74 | % | 9.92 | % | ||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 10, 2017. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 11 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree ICBCCS S&P China 500 Fund (WCHN)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 25.0% | |||
Consumer Discretionary | 16.9% | |||
Communication Services | 11.3% | |||
Industrials | 10.2% | |||
Consumer Staples | 6.8% | |||
Information Technology | 6.4% | |||
Materials | 6.3% | |||
Real Estate | 5.3% | |||
Health Care | 5.1% | |||
Energy | 3.1% | |||
Utilities | 2.6% | |||
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*
| Description | % of Net Assets | |||
Tencent Holdings Ltd. | 8.0% | |||
Alibaba Group Holding Ltd., ADR | 7.2% | |||
Ping An Insurance Group Co. of China Ltd., Class A | 4.1% | |||
China Construction Bank Corp., Class H | 3.0% | |||
China Merchants Bank Co., Ltd., Class A | 2.6% | |||
Ping An Insurance Group Co. of China Ltd., Class H | 2.0% | |||
Kweichow Moutai Co., Ltd., Class A | 1.9% | |||
Industrial & Commercial Bank of China Ltd., Class H | 1.8% | |||
China Mobile Ltd. | 1.7% | |||
Industrial Bank Co., Ltd., Class A | 1.4% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree ICBCCS S&P China 500 Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the S&P China 500 Index (the “Index”). In seeking to track the Index, the Fund invests in a broad universe of Chinese equities (500 companies). 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-0.90% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). While the performance for the fiscal year was negative, it was actually significantly greater than broader China equity markets, as measured by the MSCI China Index, over the same timeframe. Its position in Financials was most additive to performance, reflecting a combination of monetary easing and accommodative fiscal policy that specifically targeted the sector. Health Care was the greatest performance detractor over the past fiscal year. A significant overweight to Chinese A-shares was also beneficial, as commercial index provider MSCI, Inc. announced at the start of the year that it would begin including more A-shares in its Chinese allocations. Security allocations within large-cap equities contributed to performance most positively over the past fiscal year, while it was least impactful within small-cap equities. Over the past fiscal year, Chinese equity markets have largely been dictated by geopolitical headlines amid an ongoing trade dispute with the United States. While negotiations have been constructive at times, the rhetoric from the U.S. and China has been less promising for financial markets and has contributed to temporary bouts of significant volatility over the past fiscal year.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,194.00 | 0.55 | % | $ | 2.99 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.07 | 0.55 | % | $ | 2.76 | ||||||||
Performance
| Average Annual Total Return | ||||||||
| 1 Year | Since Inception1 | |||||||
Fund NAV Returns | -0.90 | % | -4.77 | % | ||||
Fund Market Price Returns | 0.08 | % | -4.89 | % | ||||
S&P China 500 Index | -0.50 | % | -4.69 | % | ||||
MSCI China Index | -6.73 | % | -4.97 | % | ||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 21, 2017. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 12 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Japan Multifactor Fund (JAMF)
(formerly, WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP))
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 22.1% | |||
Consumer Discretionary | 17.3% | |||
Information Technology | 12.1% | |||
Financials | 10.1% | |||
Consumer Staples | 9.3% | |||
Health Care | 9.3% | |||
Communication Services | 7.8% | |||
Materials | 6.3% | |||
Real Estate | 3.1% | |||
Utilities | 1.7% | |||
Energy | 1.0% | |||
Other Assets less Liabilities‡ | -0.1% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Sumitomo Mitsui Trust Holdings, Inc. | 1.2% | |||
Mitsubishi UFJ Financial Group, Inc. | 1.2% | |||
Sumitomo Mitsui Financial Group, Inc. | 1.2% | |||
Toei Co., Ltd. | 1.1% | |||
Resona Holdings, Inc. | 1.1% | |||
Matsui Securities Co., Ltd. | 1.1% | |||
Mebuki Financial Group, Inc. | 1.1% | |||
Shinsei Bank Ltd. | 1.0% | |||
Orient Corp. | 1.0% | |||
Shionogi & Co., Ltd. | 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 Japan Multifactor Fund (the “Fund”) seeks income and capital appreciation by investing in Japanese equity securities with the highest potential for returns based on proprietary measures of fundamental factors, such as value and quality, and technical factors, such as momentum and correlation, while seeking to manage currency risk by dynamically hedging currency fluctuations in the relative value of the Japanese yen against the U.S. dollar, ranging from a 0% to 100% hedge. Prior to March 29, 2019, the Fund sought to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Japan Equity Index (the “Index”) by investing in Japanese dividend-paying companies while at the same time dynamically hedging exposure to fluctuations of the value of the Japanese yen relative to the U.S. dollar.
The Fund returned-10.20% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s position in Information Technology contributed positively to performance, while its position in Consumer Discretionary contributed most negatively to performance. On March 29, 2019, the Fund changed its investment strategy from a passively-managed index-based strategy to an actively-managed strategy using a model-based approach. The Fund’s overall performance can be attributed to the two strategies before and after the investment objective change. During October of 2018 to January of 2019, the Fund saw a loss in returns due the heightened global economic tension caused by the U.S.-China trade war. Japan’s equities witnessed a selloff due to investor fears and led to negative returns of the Fund. The Fund rebounded in early 2019 as the global tension eased. After Q1 2019, the Fund had a relatively stable performance as the global tension eased. During the fiscal year, the Fund’s use of forward foreign currency contracts detracted from performance as a result of the Fund’s use of dynamic currency hedging during periods in which the U.S. dollar strengthened (more currency hedged) or weakened (less currency hedged) against the Japanese yen.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,014.60 | 0.43 | %1 | $ | 2.15 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.66 | 0.43 | %1 | $ | 2.16 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | -10.20 | % | 6.28 | % | 2.89 | % | ||||||
Fund Market Price Returns | -9.86 | % | 5.95 | % | 2.96 | % | ||||||
MSCI Japan Local Currency Index | -6.80 | % | 9.84 | % | 3.71 | % | ||||||
MSCI Japan Index | -4.19 | % | 8.06 | % | 6.49 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 13 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 28.0% | |||
Health Care | 14.5% | |||
Industrials | 10.1% | |||
Consumer Staples | 10.1% | |||
Consumer Discretionary | 8.2% | |||
Information Technology | 7.6% | |||
Communication Services | 7.0% | |||
Utilities | 4.8% | |||
Energy | 4.4% | |||
Real Estate | 2.3% | |||
Materials | 1.0% | |||
U.S. Government Obligations | 0.2% | |||
Other Assets less Liabilities‡ | 1.8% | |||
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*
| Description | % of Net Assets | |||
Morgan Stanley, | 3.1% | |||
Dow Chemical Co. (The), | 3.0% | |||
Citigroup, Inc., | 3.0% | |||
AT&T, Inc., | 2.9% | |||
Verizon Communications, Inc., | 2.4% | |||
McKesson Corp., | 2.3% | |||
Synchrony Financial, | 2.2% | |||
HSBC USA, Inc., | 2.0% | |||
AT&T, Inc., | 2.0% | |||
Tyson Foods, Inc., | 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 Fundamental U.S. Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund invests in issuers in the U.S. investment grade corporate bond market that are deemed to exhibit favorable fundamentals and opportunities for income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 10.44% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). Relative to the benchmark, security allocations within the Utilities sector were the primary detractor (Pacific Gas & Electric Co.). An overweight allocation to the Communication Services sector was a positive offset driven by AT&T, Inc. and Verizon Communications, Inc. The fiscal year was a story of two contrasting markets. The last quarter of 2018 was mainly a “risk-off” environment, where “risk-on” assets like corporate bonds and equities markets fell, credit curves steepened dramatically, and as a result, provided a headwind against Fund performance. This was a result of global trade war fears, rising interest rates, and slowdown in economic data. However, in the first six months of 2019, credit spreads have tightened, global markets have rallied (more than offsetting losses faced in late 2018) and yields across the U.S. curve have come down significantly. This was a result of easing trade tensions, falling interest rates, and improvement on economic data domestically. The overall market environment during the fiscal year was very beneficial for Fund performance, as the Fund benefited from the strong rally in corporate bonds, and also, the Fund had an extended amount of portfolio duration (a measure of how sensitive a portfolio’s value is to interest rate changes) which served as a tailwind to Fund performance in a falling interest rate environment. Further, screening for quality and fundamentally-sound issuers proved to be beneficial in a market environment that had seen bouts of market volatility and uncertainty.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,093.90 | 0.18 | %1 | $ | 0.93 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.90 | 0.18 | %1 | $ | 0.90 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 10.44 | % | 3.50 | % | 3.91 | % | ||||||
Fund Market Price Returns | 11.61 | % | 3.78 | % | 3.96 | % | ||||||
WisdomTree Fundamental U.S. Corporate Bond Index | 10.58 | % | 3.89 | % | 4.40 | % | ||||||
ICE BofA Merrill Lynch U.S. Corporate Index | 10.56 | % | 3.96 | % | 4.54 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 14 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (WFHY)
Sector Breakdown†
| Sector | % of Net Assets | |||
Consumer Discretionary | 18.0% | |||
Health Care | 14.0% | |||
Industrials | 11.1% | |||
Materials | 9.6% | |||
Financials | 9.1% | |||
Communication Services | 8.9% | |||
Consumer Staples | 8.2% | |||
Information Technology | 7.5% | |||
Energy | 7.5% | |||
Utilities | 2.1% | |||
Real Estate | 1.9% | |||
Other Assets less Liabilities‡ | 2.1% | |||
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*
| Description | % of Net Assets | |||
CSC Holdings LLC, | 1.3% | |||
Western Digital Corp., | 1.3% | |||
Tenet Healthcare Corp., | 1.3% | |||
Community Health Systems, | 1.1% | |||
Chemours Co. (The), | 1.1% | |||
L Brands, Inc., | 1.1% | |||
Hughes Satellite Systems Corp., | 1.1% | |||
Hanesbrands, Inc., | 1.0% | |||
B&G Foods, Inc., | 1.0% | |||
Beacon Roofing Supply, Inc., | 1.0% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. High Yield Corporate Bond Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in issuers in the U.S.non-investment grade corporate bond (“junk bond”) market that are deemed to exhibit favorable fundamentals and opportunities for income. 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 9.43% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). Performance was positively impacted by being underweight in the Wirelines industry, with a position in Frontier Communications Corp. adding the most to outperformance within this industry. In addition, underweight industry allocations to Oil Field Services and Independent Energy added to returns, with a position in Transocean, Inc. adding the most to outperformance within this industry. The largest detractor came in the Metals & Mining industry, with a position in Peabody Energy Corp. that underperformed the most within this industry. The fiscal year was a story of two contrasting markets. The last quarter of 2018 was mainly a “risk-off” environment, where “risk-on” assets like high yield corporate bonds and equities markets fell, credit curves steepened dramatically, and as a result, provided a headwind against Fund performance. This was a result of global trade war fears, rising interest rates, and slowdown in economic data. However, in the first six months of 2019, credit spreads have tightened, global markets have rallied (more than offsetting losses faced in late 2018) and yields across the U.S. curve have come down significantly. This was a result of easing trade tensions, falling interest rates, and improvement on economic data domestically. This overall market environment was very beneficial for the Fund, as the Fund benefited from the strong rally in high yield corporate bonds, and also, the Fund had an extended amount of portfolio duration (a measure of how sensitive a portfolio’s value is to interest rate changes) which served as a tailwind to Fund performance in a falling interest rate environment. Further, screening for quality and fundamentally-sound issuers had proved to be beneficial in a market environment that had seen bouts of market volatility and uncertainty.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,113.50 | 0.38 | %1 | $ | 1.99 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.91 | 0.38 | %1 | $ | 1.91 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 9.43 | % | 6.97 | % | 7.02 | % | ||||||
Fund Market Price Returns | 10.82 | % | 7.22 | % | 6.99 | % | ||||||
WisdomTree Fundamental U.S. High Yield Corporate Bond Index | 9.27 | % | 7.93 | % | 8.08 | % | ||||||
ICE BofA Merrill Lynch U.S. High Yield Index | 7.58 | % | 7.54 | % | 7.86 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 15 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (SFIG)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 33.1% | |||
Consumer Discretionary | 11.2% | |||
Consumer Staples | 10.2% | |||
Health Care | 9.9% | |||
Information Technology | 9.3% | |||
Industrials | 8.0% | |||
Utilities | 5.5% | |||
Communication Services | 5.2% | |||
Energy | 3.7% | |||
Materials | 0.8% | |||
U.S. Government Obligations | 0.8% | |||
Real Estate | 0.4% | |||
Other Assets less Liabilities‡ | 1.9% | |||
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*
| Description | % of Net Assets | |||
Lockheed Martin Corp., | 3.1% | |||
JPMorgan Chase & Co., | 2.5% | |||
CVS Health Corp., | 2.4% | |||
Bank of New York Mellon Corp. (The), | 2.3% | |||
AT&T, Inc., | 2.0% | |||
International Business Machines Corp., | 2.0% | |||
Deutsche Bank AG, | 2.0% | |||
HSBC USA, Inc., | 2.0% | |||
Citigroup, Inc., | 1.9% | |||
Synchrony Financial, | 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 Fundamental U.S. Short-Term Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-Term Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund invests in issuers in the short-term U.S. investment grade corporate bond market that are deemed to exhibit favorable fundamentals and opportunities for income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 5.44% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). Relative to the benchmark, a sector underweight to Financials was the primary detractor. Given the current size of the Fund, many securities within the Financials sector remain uninvestable due to minimum denomination requirements. Security selection within the Utilities sector was a positive offset and dampened the performance drag vs. the Index. In addition, the Fund’s higher liquidity bias can result in lower yields relative the benchmark, which has historically been a marginal drag on returns. The fiscal year was a story of two contrasting markets. The last quarter of 2018 was mainly a “risk-off” environment, where “risk-on” assets like corporate bonds and equities markets fell, credit curves steepened dramatically, and as a result, provided a headwind against Fund performance. This was a result of global trade war fears, rising interest rates, and slowdown in economic data. However, in the first six months of 2019, credit spreads have tightened, global markets have rallied (more than offsetting losses faced in late 2018) and yields across the U.S. curve have come down significantly. This was a result of easing trade tensions, falling interest rates, and an improvement on economic data domestically. This overall market environment was very beneficial for the Fund, as the Fund benefited from the strong rally in corporate bonds. By way of the methodology, the Fund has a shorter amount of duration risk, which served as a tailwind during the first 5 months of the fiscal year when interest rates were rising (relative to strategies that are longer in duration), and as a headwind during the latter 7 months of the fiscal year when interest rates fell. Further, screening for quality and fundamentally-sound issuers had proved to be beneficial in a market environment that had seen bouts of market volatility and uncertainty.
Shareholder Expense Example(for the six-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,039.70 | 0.18 | %1 | $ | 0.91 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.90 | 0.18 | %1 | $ | 0.90 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 5.44 | % | 2.19 | % | 2.28 | % | ||||||
Fund Market Price Returns | 6.18 | % | 2.40 | % | 2.20 | % | ||||||
WisdomTree Fundamental U.S. Short-Term Corporate Bond Index | 5.86 | % | 2.60 | % | 2.74 | % | ||||||
ICE BofA Merrill Lynch1-5 year U.S. Corporate Index | 6.44 | % | 2.71 | % | 2.91 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 16 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
Sector Breakdown†
| Sector | % of Net Assets | |||
Health Care | 17.6% | |||
Consumer Discretionary | 16.9% | |||
Industrials | 14.6% | |||
Energy | 11.1% | |||
Communication Services | 8.7% | |||
Materials | 8.6% | |||
Information Technology | 7.6% | |||
Financials | 6.8% | |||
Consumer Staples | 2.8% | |||
Real Estate | 2.3% | |||
Utilities | 1.2% | |||
Other Assets less Liabilities‡ | 1.8% | |||
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*
| Description | % of Net Assets | |||
Springleaf Finance Corp., | 2.3% | |||
Centene Corp., | 2.2% | |||
NCR Corp., | 2.1% | |||
TransDigm, Inc., | 2.1% | |||
MGM Resorts International, | 1.7% | |||
Triumph Group, Inc., | 1.7% | |||
Cablevision Systems Corp., | 1.6% | |||
Griffon Corp., | 1.6% | |||
Zayo Group LLC, | 1.6% | |||
Clean Harbors, Inc., | 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 Fundamental U.S. Short-Term High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund invests in issuers in the short-term U.S.non-investment-grade corporate bond (“junk bond”) market that are deemed to exhibit favorable fundamentals and opportunities for income. 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 6.54% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). For the fiscal year, security allocations within the Utilities sector and Media and Entertainment industry were the largest positive contributors to Fund performance. Conversely, security allocations within the Financials sector and Retailers industry underperformed during the fiscal year. The fiscal year was a story of two contrasting markets. The last quarter of 2018 was mainly a “risk-off” environment, where “risk-on” assets like high yield corporate bonds and equities markets fell, credit curves steepened dramatically, and as a result, provided a headwind against Fund performance. This was a result of global trade war fears, rising interest rates, and slowdown in economic data. However, in the first six months of 2019, credit spreads have tightened, global markets have rallied (more than offsetting losses faced in late 2018) and yields across the U.S. curve have come down significantly. This was a result of easing trade tensions, falling interest rates, and an improvement on economic data domestically. This overall market environment was very beneficial for the Fund, as the Fund benefited from the strong rally in high yield corporate bonds. By way of the methodology, the Fund has a shorter amount of duration risk, which served as a tailwind during the first 5 months of the fiscal year when interest rates were rising (relative to strategies that are longer in duration), and as a headwind during the latter 7 months of the fiscal year when interest rates fell. Further, screening for quality and fundamentally-sound issuers had proved to be beneficial in a market environment that had seen bouts of market volatility and uncertainty.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,073.40 | 0.38 | %1 | $ | 1.95 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.91 | 0.38 | %1 | $ | 1.91 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | 6.54 | % | 5.98 | % | 6.21 | % | ||||||
Fund Market Price Returns | 8.21 | % | 6.49 | % | 6.34 | % | ||||||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index | 6.51 | % | 6.75 | % | 7.38 | % | ||||||
ICE BofA Merrill Lynch1-5 year U.S. High Yield Constrained Index | 5.48 | % | 7.25 | % | 7.80 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 17 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Dynamic Bearish U.S. Equity Fund (DYB)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 24.9% | |||
Health Care | 14.6% | |||
Financials | 11.5% | |||
Communication Services | 11.3% | |||
Industrials | 10.2% | |||
Consumer Discretionary | 10.2% | |||
Consumer Staples | 7.0% | |||
Energy | 5.5% | |||
Real Estate | 4.1% | |||
Utilities | 3.3% | |||
Materials | 2.0% | |||
Other Assets less Liabilities‡ | -4.6% | |||
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*
| Description | % of Net Assets | |||
Omnicom Group, Inc. | 3.7% | |||
Medical Properties Trust, Inc. | 2.5% | |||
Henry Schein, Inc. | 2.2% | |||
Quest Diagnostics, Inc. | 2.2% | |||
Hormel Foods Corp. | 2.2% | |||
Intel Corp. | 2.1% | |||
Western Union Co. (The) | 1.9% | |||
Citrix Systems, Inc. | 1.8% | |||
Microsoft Corp. | 1.8% | |||
Anadarko Petroleum 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 Dynamic Bearish U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Bearish U.S. Equity Index (the “Index”). In seeking to track the Index, the Fund invests dynamically in long equity positions (approximately 100 U.S. large- andmid-capitalization stocks) or long U.S. Treasury positions, while also investing dynamically in or otherwise dynamically seeking exposure to short equity positions (approximately 500 U.S. large-capitalization stocks). 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-16.53% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s position in Communication Services contributed most positively to performance while its position in Materials contributed most negatively to performance. Due to the nature of the Fund, it is to be expected that the Fund will underperform in markets of positive equity performance and outperform in periods of market downturn. During the first 3 months of the fiscal year, as U.S. equities declined, the Fund in turn, outperformed. However, after December of 2018, the U.S. equity market had been volatile and kept a positive gain. During these times, the Fund underperformed significantly due to its bearish nature in investing in both U.S. Treasury positions and short equity positions. During the fiscal year, the Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. The Fund’s use of total return swap contracts detracted from performance as a result of the overall positive performance of the S&P 500 Index during the fiscal year.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 871.70 | 0.48 | %1 | $ | 2.23 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.41 | 0.48 | %1 | $ | 2.41 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | -16.53 | % | -3.72 | % | -3.16 | % | ||||||
Fund Market Price Returns | -16.56 | % | -3.71 | % | -3.17 | % | ||||||
WisdomTree Dynamic Bearish U.S. Equity Index | -18.09 | % | -4.90 | % | -4.12 | % | ||||||
S&P 500® Index | 10.42 | % | 14.19 | % | 12.87 | % | ||||||
S&P 500® Inverse Daily Index | -7.48 | % | -11.23 | % | -10.60 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on December 23, 2015. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 18 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 24.3% | |||
Health Care | 14.2% | |||
Financials | 11.2% | |||
Communication Services | 11.0% | |||
Industrials | 9.9% | |||
Consumer Discretionary | 9.9% | |||
Consumer Staples | 6.8% | |||
Energy | 5.3% | |||
Real Estate | 4.0% | |||
Utilities | 3.2% | |||
Materials | 1.9% | |||
Other Assets less Liabilities‡ | -1.7% | |||
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*
| Description | % of Net Assets | |||
Omnicom Group, Inc. | 3.6% | |||
Medical Properties Trust, Inc. | 2.4% | |||
Henry Schein, Inc. | 2.1% | |||
Hormel Foods Corp. | 2.1% | |||
Quest Diagnostics, Inc. | 2.1% | |||
Intel Corp. | 2.0% | |||
Western Union Co. (The) | 1.9% | |||
Citrix Systems, Inc. | 1.8% | |||
Microsoft Corp. | 1.7% | |||
Anadarko Petroleum Corp. | 1.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Dynamic Long/Short U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Long/Short U.S. Equity Index (the “Index”). In seeking to track the Index, the Fund invests in long equity positions (approximately 100 U.S. large- andmid-capitalization stocks), while also investing dynamically in or otherwise dynamically seeking exposure to short equity positions (approximately 500 U.S. large-capitalization stocks). 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-14.33% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s position in Communication Services contributed positively to performance while its position in Materials contributed most negatively to performance. For the fiscal year, there were 3 months where the Fund did not have 100% net long equity exposure. In January of 2019, March of 2019, and June of 2019, the hedge ratio went to 100% by shorting the S&P 500 Index by utilizing total return swap contracts to obtain short exposure, which resulted in a 0% net equity exposure. The Fund’s use of total return swap contracts contributed negatively to the Fund’s NAV return compared to those of the unhedged strategies, as the U.S. equities market had a positive gain during those periods. Overall, the underlying performance over the fiscal year remained negative due to a volatile equity market.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 953.30 | 0.48 | %1 | $ | 2.32 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.41 | 0.48 | %1 | $ | 2.41 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns | -14.33 | % | 3.07 | % | 4.57 | % | ||||||
Fund Market Price Returns | -14.50 | % | 3.04 | % | 4.49 | % | ||||||
WisdomTree Dynamic Long/Short U.S. Equity Index | -14.58 | % | 3.21 | % | 4.81 | % | ||||||
S&P 500® Index | 10.42 | % | 14.19 | % | 12.87 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on December 23, 2015. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 19 |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 20.4 | % | ||
Health Care | 12.4 | % | ||
Financials | 12.1 | % | ||
Communication Services | 9.3 | % | ||
Consumer Discretionary | 9.0 | % | ||
Industrials | 8.4 | % | ||
Consumer Staples | 6.6 | % | ||
Energy | 4.5 | % | ||
Utilities | 2.9 | % | ||
Real Estate | 2.7 | % | ||
Materials | 2.1 | % | ||
U.S. Government Obligations | 0.5 | % | ||
Other Assets less Liabilities‡ | 9.1 | % | ||
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*
| Description | % of Net Assets | |||
Microsoft Corp. | 3.9% | |||
Apple, Inc. | 3.4% | |||
Amazon.com, Inc. | 2.9% | |||
Facebook, Inc., Class A | 1.8% | |||
Berkshire Hathaway, Inc., Class B | 1.5% | |||
Johnson & Johnson | 1.4% | |||
JPMorgan Chase & Co. | 1.4% | |||
Exxon Mobil Corp. | 1.2% | |||
Alphabet, Inc., Class C | 1.2% | |||
Alphabet, Inc., Class 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 90/60 U.S. Balanced Fund (the “Fund”) seeks total return. The Fund seeks total return by investing in large-capitalization U.S. equity securities and U.S. Treasury futures contracts. Under normal circumstances, the Fund will invest approximately 90% of its net assets in U.S. equity securities and the notional exposure to the U.S. Treasury futures contracts’ positions will represent approximately 60% of the Fund’s net assets.
The Fund returned 9.64% at net asset value (“NAV”) since its inception on August 2, 2018 to June 30, 2019 (for more complete performance information please see the table below). The Fund’s exposure to fixed income investments through its investments in U.S.Treasury futures contracts contributed most positively to performance while its position in short-term U.S. Treasury bills contributed minimally to performance. Over the course of the fiscal year, fixed income investments had positive performance, due in large part to the volatile market environment and investors’ flight to safety assets. At the same time, during the latter half of 2018, U.S. equities experienced a market correction which neutralized the Fund’s returns. However, since the beginning of 2019, the U.S. equities had a positive gain and fixed income also saw significant returns. As a result, the Fund’s 90% weight in equities and 60% weight (relative to total net assets) in fixed income captured the positive gains of both asset classes which resulted in the overall positive performance of the Fund.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,196.10 | 0.20 | % | $ | 1.09 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.80 | 0.20 | % | $ | 1.00 | ||||||||
Performance
| Cumulative Total Return | ||||
| Since Inception1 | ||||
Fund NAV Returns | 9.64 | % | ||
Fund Market Price Returns | 9.61 | % | ||
60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Index Composite | 6.90 | % | ||
S&P 500® Index | 6.03 | % | ||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 2, 2018. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| 20 | WisdomTree Trust |
Table of Contents
Management’s Discussion of Funds’ Performance
as of June 30, 2019 (unaudited)
WisdomTree Balanced Income Fund (WBAL)
Asset Class Breakdown†
| Asset Class | % of Net Assets | |||
Fixed Income | 39.9% | |||
Domestic Equity | 32.8% | |||
International Equity | 20.6% | |||
Emerging Markets Equity | 6.7% | |||
Other Assets less Liabilities‡ | 0.0% | * | ||
Total | 100.0% | |||
| † | The Fund’s asset class breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any). |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
| * | Represents less than 0.1%. |
Top Ten Holdings*
| Description | % of Net Assets | |||
WisdomTree U.S. High Dividend Fund (DHS) | 21.6% | |||
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) | 20.1% | |||
WisdomTree International High Dividend Fund (DTH) | 11.5% | |||
WisdomTree U.S. LargeCap Dividend Fund (DLN) | 11.2% | |||
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) | 9.1% | |||
WisdomTree Emerging Markets Dividend Fund (DVEM) | 6.7% | |||
WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG) | 5.6% | |||
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) | 5.2% | |||
WisdomTree Emerging Markets Local Debt Fund (ELD) | 3.6% | |||
iShares 20+ Year Treasury Bond ETF (TLT) | 2.8% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular Underlying Fund. Excludes derivatives and investment of cash collateral for securities on loan (if any). For a full list of current holdings information for the underlying WisdomTree funds please visit www.wisdomtree.com. |
The WisdomTree Balanced Income Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Balanced Income Index (the “Index”). In seeking to track the Index, the Fund invests in other exchange-traded funds (the “Underlying Funds”) with approximately a 60% allocation to equities and a 40% allocation to fixed income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index (including indirect investments through the Underlying Funds) whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole.
The Fund returned 7.27% at net asset value (“NAV”) for the fiscal year ending June 30, 2019 (for more complete performance information please see the table below). The Fund’s exposure to +20-year U.S. government bonds from its investments in the Underlying Funds contributed most positively to performance while its exposure to U.S. high-yield corporate bonds from its investments in the Underlying Funds contributed minimally to performance. Over the course of the fiscal year, fixed income investments had positive performance, due in large part to the volatile market environment and investors’ flight to safety assets. At the same time, during the latter half of 2018, U.S. equities experienced a market correction which neutralized the Fund’s returns. However, since the beginning of 2019, the U.S. equities had a positive gain and fixed income also saw significant returns. The Fund’s 60% weight in equity and 40% weight in fixed income exchange-traded funds captured the positive gains of both asset classes and resulted in the overall positive performance of the Fund.
Shareholder Expense Example(for thesix-month period ended June 30, 2019)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,113.80 | 0.03 | %1 | $ | 0.16 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.65 | 0.03 | %1 | $ | 0.15 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investments in Underlying Funds, as well as an additional 0.05%, through December 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. Had AFFEs been included (as shown in the net expense ratio in the Fund’s prospectus) the “Annualized Net Expense Ratio” would have been higher. |
Performance
| Average Annual Total Return | ||||||||
| 1 Year | Since Inception1 | |||||||
Fund NAV Returns | 7.27 | % | 3.03 | % | ||||
Fund Market Price Returns | 7.31 | % | 2.96 | % | ||||
WisdomTree Balanced Income Index | 7.22 | % | 2.98 | % | ||||
60% MSCI AC World Index / 40% Bloomberg Barclays U.S. Aggregate Index Composite | 6.65 | % | 4.00 | % | ||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 21, 2017. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
| WisdomTree Trust | 21 |
Table of Contents
Description of Indexes(unaudited)
Below are descriptions of each Index referenced in this report:
The60% MSCI AC World Index / 40% Bloomberg Barclays U.S. Aggregate Index Composite represents a 60% weight to the MSCI AC World Index and a 40% weight to the Bloomberg Barclays U.S. Aggregate Index.
The60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Index Compositerepresents a 60% weight to the S&P 500 Index and a 40% weight to the Bloomberg Barclays U.S. Aggregate Index. The Bloomberg Barclays U.S. Aggregate Index measures the performance of the U.S. investment-grade bond market.
TheICE BofA Merrill Lynch U.S. Corporate Index tracks the performance of U.S. dollar denominated investment grade corporate debt securities issued in the U.S.
TheICE BofA Merrill Lynch U.S. High Yield Index tracks the performance of U.S. dollar denominated high-yield corporate debt securities issued in the U.S.
TheICE BofA Merrill Lynch1-5 Year U.S. Corporate Index is a subset of the ICE BofA Merrill Lynch U.S. Corporate Index including all securities with a remaining term to final maturity less than 5 years.
The ICE BofA Merrill Lynch1-5 Year U.S. High Yield Constrained Index tracks the performance of short-term U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market.
TheMSCI AC World Indexis a free float adjusted market capitalization index that is designed to measure the performance of the world stock indexes covered by MSCI.
TheMSCI China Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in China and captures large and mid-cap representation across China H-shares, B-shares, red chips, P chips and foreign listings (e.g., ADRs). With 150 constituents,the index covers about 85% of this China equity universe.
TheMSCI EAFE Indexis a marketcap-weighted index composed of companies representative of the developed market structure of developed countries in Europe, Australasia and Japan.
TheMSCI EAFE Local Currency Indexis 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.
TheMSCI EAFE Small Cap Indexis a free float-adjusted market capitalization equity index that is designed to measure the performance of small-cap stocks within the developed equity market, excluding the U.S. and Canada.
TheMSCI EAFE Small Cap Local Currency Indexis a free float-adjusted market capitalization equity index that is designed to measure the performance ofsmall-cap stocks within the developed equity market, excluding the U.S. and Canada, in local currency.
TheMSCI Emerging Markets Indexis a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance.
TheMSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- andmid-cap stocks within developed market European countries.
TheMSCI European Economic and Monetary Union (EMU) Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of countries within the EMU.
TheMSCI European Economic and Monetary Union (EMU) Local Currency Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of countries within the EMU and calculated in local currency.
TheMSCI Japan Indexis a free float-adjusted market capitalization index that is designed to measure the performance of the Japanese equity market.
| 22 | WisdomTree Trust |
Table of Contents
Description of Indexes(unaudited) (continued)
TheMSCI Japan Local Currency Indexis a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan and calculated in local currency.
TheS&P 500® Indexis 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.
TheS&P 500® Inverse Daily Indexprovides inverse (positive or negative) returns of the S&P 500 Index by taking a short position in the index.
TheS&P China 500 Indexcomprises 500 of the largest, most liquid Chinese companies while approximating the sector composition of the broader Chinese equity market. All Chinese share classes includingA-shares and offshore listings are eligible for inclusion.
TheWisdomTree Balanced Income Indexis comprised of exchange-traded funds listed on a major U.S. exchange and aims to maintain a 60% equity and 40% fixed income exposure. The equity exposure is diversified across both domestic (U.S.) and foreign equities, including emerging markets. The fixed income exposure includes government bonds, corporate bonds, mortgage-backed securities and other mortgage-related products.
TheWisdomTree Dynamic Bearish U.S. Equity Indexincludes long equity positions or long U.S. Treasury positions and short equity positions. The long equity positions consist of approximately 100 U.S. large- andmid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. Stocks are weighted in the Long Equity Index according to their volatility characteristics. The Short Equity Index consists of short positions in the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge. The Index provides a dynamic allocation of exposure to the Long Equity Index ranging from 100% to 0% while employing a variable monthly hedge ratio ranging from 75% to 100% exposure to the Short Equity Index based on a quantitative rules-based market indicator that scores growth and value market signals.
TheWisdomTree Dynamic Currency Hedged International Equity Indexis a fundamentally weighted index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States. To hedge the impact of changes to the value of foreign currenciesrelative to the U.S. dollar, a currency hedge ratio (ranging from 0 to 100%) is applied monthly using a rules-based process that combines momentum, value, and interest rate signals.
TheWisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.
TheWisdomTree Dynamic Currency Hedged International SmallCap Equity Indexis a fundamentally weighted index that measures the performance of the small-capitalization segment of the dividend-paying market in the industrialized world, excluding Canada and the United States. To hedge the impact of changes to the value of foreign currencies relative to the U.S. dollar, a currency hedge ratio (ranging from 0 to 100%) is applied monthly using a rules-based process thatcombines momentum, value, and interest rate signals.
TheWisdomTree Dynamic Long/Short U.S. Equity Indexincludes long equity positions and short equity positions. The Long Equity Index consists of approximately 100 U.S. large-and mid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. Stocks are weighted in the Long Equity Index according to their volatility characteristics. The Short Equity Index consists of short positions in the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge. The Index maintains 100% exposure to the Long Equity Index while employing a variable monthly hedge ratio ranging from 0% to 100% exposure to the Short Equity Index based on a quantitative rules-based market indicator that scores growth and value market signals.
| WisdomTree Trust | 23 |
Table of Contents
Description of Indexes(unaudited) (concluded)
TheWisdomTree Emerging Markets Dividend Index is a fundamentally weighted index that measures the performance of dividend-paying stocks selected from the following 17 emerging market nations: Brazil, Chile, China, Czech Republic, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, Turkey. Companies are weighted in the Index based on annual cash dividends paid.
TheWisdomTree Fundamental U.S. Corporate Bond Index is a rule-based alternatively weighted Index designed to capture the performance of selected issuers in the U.S. investment-grade corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of US corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $350 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated investment grade.
TheWisdomTree Fundamental U.S. High Yield Corporate Bond Index is a rule-based alternatively weighted Index designed to capturethe performance of selected issuers in the U.S. high yield corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $500 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated non-investment grade by at least one rating agency.
TheWisdomTree Fundamental U.S. Short-Term Corporate Bond Index is a rule-based alternatively weighted index designed to capture the performance of selected issuers in the US investment-grade corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $350 million in par amount outstanding and a remaining maturity of at least one year but not more than five years. Component securities must be rated investment grade.
TheWisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index is a rule-based alternatively weighted index designed to capture the performance of selected issuers in the US high yield corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $350 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated non-investment grade by at least one rating agency.
TheWisdomTree Globalex-Mexico Equity Index is a float-adjusted market capitalization weighted index that measures the performance of 2000 largest companies in developed and emerging markets throughout the world, excluding Mexico, that meet eligibility requirements. The Index is calculated in US dollars and is updated to reflect market prices and exchange rates.
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
| 24 | WisdomTree Trust |
Table of Contents
Description of Indexes(unaudited) (continued)
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 Trust | 25 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.9% |
| |||||||
| Australia – 7.4% |
| |||||||
Adelaide Brighton Ltd. | 30,353 | $ | 86,053 | |||||
AGL Energy Ltd. | 18,364 | 257,868 | ||||||
Alumina Ltd. | 143,129 | 234,027 | ||||||
APA Group | 25,317 | 191,875 | ||||||
Aristocrat Leisure Ltd. | 7,141 | 153,944 | ||||||
ASX Ltd. | 4,132 | 238,843 | ||||||
Aurizon Holdings Ltd. | 42,604 | 161,446 | ||||||
Australia & New Zealand Banking Group Ltd. | 56,318 | 1,114,892 | ||||||
Bank of Queensland Ltd. | 14,025 | 93,795 | ||||||
Bendigo & Adelaide Bank Ltd. | 13,575 | 110,314 | ||||||
BHP Group Ltd. | 48,819 | 1,410,089 | ||||||
BHP Group PLC | 36,822 | 944,297 | ||||||
Boral Ltd. | 27,803 | 99,895 | ||||||
Brambles Ltd. | 21,787 | 196,923 | ||||||
Caltex Australia Ltd. | 8,568 | 148,812 | ||||||
Challenger Ltd. | 16,841 | 78,473 | ||||||
CIMIC Group Ltd. | 7,032 | 220,927 | ||||||
Commonwealth Bank of Australia | 32,483 | 1,886,965 | ||||||
Crown Resorts Ltd. | 24,032 | 209,962 | ||||||
CSL Ltd. | 2,422 | 365,422 | ||||||
CSR Ltd. | 21,425 | 58,787 | ||||||
Downer EDI Ltd. | 23,215 | 112,735 | ||||||
Fortescue Metals Group Ltd. | 44,941 | 284,467 | ||||||
GUD Holdings Ltd. | 13,031 | 91,536 | ||||||
Harvey Norman Holdings Ltd.(a) | 52,019 | 148,573 | ||||||
Iluka Resources Ltd. | 10,393 | 78,549 | ||||||
Incitec Pivot Ltd. | 36,759 | 87,963 | ||||||
Infomedia Ltd. | 49,655 | 59,411 | ||||||
Insurance Australia Group Ltd. | 46,379 | 268,834 | ||||||
IOOF Holdings Ltd.(a) | 20,329 | 73,755 | ||||||
Japara Healthcare Ltd. | 81,884 | 64,645 | ||||||
Macquarie Group Ltd. | 5,589 | 491,790 | ||||||
Magellan Financial Group Ltd. | 3,034 | 108,585 | ||||||
Medibank Pvt Ltd. | 63,696 | 155,998 | ||||||
National Australia Bank Ltd. | 62,831 | 1,178,129 | ||||||
New Hope Corp., Ltd. | 32,285 | 61,398 | ||||||
NIB Holdings Ltd. | 17,701 | 95,274 | ||||||
Origin Energy Ltd. | 18,235 | 93,542 | ||||||
Pendal Group Ltd. | 16,801 | 84,299 | ||||||
Perpetual Ltd. | 3,181 | 94,291 | ||||||
Platinum Asset Management Ltd. | 27,115 | 92,285 | ||||||
QBE Insurance Group Ltd. | 23,599 | 195,912 | ||||||
Ramsay Health Care Ltd. | 2,808 | 142,350 | ||||||
Resolute Mining Ltd. | 62,304 | 58,369 | ||||||
Rio Tinto Ltd. | 6,552 | 477,074 | ||||||
Santos Ltd. | 23,304 | 115,783 | ||||||
Service Stream Ltd. | 36,046 | 71,080 | ||||||
Sims Metal Management Ltd. | 8,153 | 62,134 | ||||||
Sonic Healthcare Ltd. | 9,309 | 177,033 | ||||||
South32 Ltd. | 104,253 | 232,647 | ||||||
Suncorp Group Ltd. | 28,170 | 266,279 | ||||||
Sydney Airport | 50,527 | 285,077 | ||||||
| Investments | Shares | Value | ||||||
Tabcorp Holdings Ltd. | 59,301 | $ | 185,184 | |||||
Telstra Corp., Ltd. | 161,821 | 437,198 | ||||||
Transurban Group | 38,885 | 402,218 | ||||||
Treasury Wine Estates Ltd. | 10,537 | 110,323 | ||||||
Wesfarmers Ltd. | 31,005 | 786,760 | ||||||
Westpac Banking Corp. | 79,284 | 1,577,881 | ||||||
Whitehaven Coal Ltd. | 42,681 | 109,622 | ||||||
Woodside Petroleum Ltd. | 21,735 | 554,582 | ||||||
Woolworths Group Ltd. | 19,162 | 446,841 | ||||||
WorleyParsons Ltd. | 8,444 | 87,165 | ||||||
|
| |||||||
| Total Australia |
| 18,771,180 | ||||||
| Austria – 0.5% |
| |||||||
Andritz AG | 3,177 | 119,755 | ||||||
BAWAG Group AG*(b) | 2,635 | 110,607 | ||||||
Erste Group Bank AG* | 5,862 | 217,893 | ||||||
Lenzing AG | 698 | 77,899 | ||||||
Oesterreichische Post AG | 3,260 | 109,704 | ||||||
OMV AG | 5,339 | 260,530 | ||||||
Porr AG(a) | 3,347 | 73,944 | ||||||
Raiffeisen Bank International AG | 3,144 | 73,863 | ||||||
UNIQA Insurance Group AG | 12,186 | 113,726 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 4,707 | 120,876 | ||||||
|
| |||||||
| Total Austria |
| 1,278,797 | ||||||
| Belgium – 1.2% |
| |||||||
Ageas | 4,006 | 208,531 | ||||||
Anheuser-Busch InBev S.A./N.V. | 15,943 | 1,413,255 | ||||||
Colruyt S.A. | 2,533 | 147,114 | ||||||
KBC Group N.V. | 8,424 | 552,955 | ||||||
Proximus SADP | 8,673 | 256,007 | ||||||
Solvay S.A. | 1,974 | 204,792 | ||||||
UCB S.A. | 2,094 | 173,888 | ||||||
Umicore S.A. | 3,572 | 114,712 | ||||||
|
| |||||||
| Total Belgium |
| 3,071,254 | ||||||
| China – 3.3% |
| |||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 40,000 | 71,782 | ||||||
China Everbright International Ltd. | 104,666 | 96,594 | ||||||
China Jinmao Holdings Group Ltd. | 266,000 | 161,728 | ||||||
China Mobile Ltd. | 376,000 | 3,424,307 | ||||||
China Overseas Grand Oceans Group Ltd. | 152,000 | 66,929 | ||||||
China Overseas Land & Investment Ltd. | 126,000 | 464,486 | ||||||
China Resources Power Holdings Co., Ltd. | 162,000 | 236,390 | ||||||
China Taiping Insurance Holdings Co., Ltd. | 26,200 | 70,090 | ||||||
China Unicom Hong Kong Ltd. | 256,000 | 280,822 | ||||||
CITIC Ltd. | 442,000 | 637,046 | ||||||
CITIC Telecom International Holdings Ltd. | 189,000 | 74,995 | ||||||
CNOOC Ltd. | 990,000 | 1,692,979 | ||||||
CSPC Pharmaceutical Group Ltd. | 62,000 | 99,994 | ||||||
Dah Chong Hong Holdings Ltd. | 566,000 | 189,089 | ||||||
Fosun International Ltd. | 179,000 | 237,827 | ||||||
Genertec Universal Medical Group Co., Ltd.(b) | 129,500 | 103,600 | ||||||
Guangdong Investment Ltd. | 112,000 | 221,635 | ||||||
Shenzhen Investment Ltd. | 436,000 | 160,727 | ||||||
See Notes to Financial Statements.
| 26 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| Investments | Shares | Value | ||||||
Sino-Ocean Group Holding Ltd. | 326,500 | $ | 138,750 | |||||
|
| |||||||
| Total China |
| 8,429,770 | ||||||
| Denmark – 1.2% |
| |||||||
AP Moller – Maersk A/S Class B | 73 | 90,688 | ||||||
Coloplast A/S Class B | 2,096 | 237,231 | ||||||
Danske Bank A/S | 23,495 | 371,927 | ||||||
DSV A/S | 556 | 54,684 | ||||||
GN Store Nord A/S | 1,190 | 55,614 | ||||||
H. Lundbeck A/S | 4,214 | 166,721 | ||||||
ISS A/S | 3,409 | 103,040 | ||||||
Novo Nordisk A/S Class B | 17,492 | 892,749 | ||||||
Novozymes A/S Class B | 1,542 | 72,018 | ||||||
Orsted A/S(b) | 3,254 | 281,808 | ||||||
Pandora A/S | 3,780 | 134,670 | ||||||
Rockwool International A/S Class B | 180 | 46,030 | ||||||
Sydbank A/S | 3,106 | 59,286 | ||||||
Topdanmark A/S | 2,051 | 115,850 | ||||||
Tryg A/S | 7,200 | 234,434 | ||||||
Vestas Wind Systems A/S | 1,110 | 96,028 | ||||||
|
| |||||||
| Total Denmark |
| 3,012,778 | ||||||
| Finland – 1.9% |
| |||||||
Elisa Oyj | 3,542 | 173,083 | ||||||
Fiskars Oyj Abp | 6,712 | 110,068 | ||||||
Fortum Oyj | 19,487 | 431,298 | ||||||
Huhtamaki Oyj | 1,457 | 59,998 | ||||||
Kemira Oyj | 5,106 | 75,242 | ||||||
Kesko Oyj Class B | 2,212 | 123,231 | ||||||
Kone Oyj Class B | 5,804 | 343,038 | ||||||
Metso Oyj | 3,243 | 127,598 | ||||||
Neste Oyj | 6,516 | 221,426 | ||||||
Nokia Oyj | 96,002 | 477,322 | ||||||
Nokian Renkaat Oyj* | 3,508 | 109,700 | ||||||
Nordea Bank Abp | 141,317 | 1,026,879 | ||||||
Orion Oyj Class B | 3,309 | 121,452 | ||||||
Sampo Oyj Class A | 12,750 | 602,568 | ||||||
Stora Enso Oyj Class R | 12,074 | 142,105 | ||||||
Tieto Oyj | 3,483 | 103,366 | ||||||
UPM-Kymmene Oyj | 10,436 | 277,741 | ||||||
Valmet Oyj | 3,809 | 95,082 | ||||||
Wartsila Oyj Abp | 11,178 | 162,365 | ||||||
|
| |||||||
| Total Finland |
| 4,783,562 | ||||||
| France – 10.6% |
| |||||||
Accor S.A. | 5,160 | 221,827 | ||||||
Aeroports de Paris | 1,074 | 189,821 | ||||||
Air Liquide S.A. | 3,285 | 460,325 | ||||||
Airbus SE | 4,461 | 633,398 | ||||||
ALD S.A.(b) | 8,985 | 140,794 | ||||||
Amundi S.A.(a)(b) | 3,815 | 266,754 | ||||||
AXA S.A. | 45,648 | 1,200,829 | ||||||
BioMerieux | 804 | 66,701 | ||||||
BNP Paribas S.A.(a) | 29,578 | 1,406,789 | ||||||
Bollore S.A. | 23,157 | 102,320 | ||||||
Bouygues S.A. | 7,913 | 293,499 | ||||||
| Investments | Shares | Value | ||||||
Bureau Veritas S.A. | 6,986 | $ | 172,797 | |||||
Capgemini SE | 1,561 | 194,388 | ||||||
Carrefour S.A. | 9,623 | 186,078 | ||||||
Cie de Saint-Gobain | 8,541 | 333,376 | ||||||
Cie Generale des Etablissements Michelin SCA | 2,217 | 281,633 | ||||||
Cie Plastic Omnium S.A. | 3,951 | 103,171 | ||||||
CNP Assurances | 13,259 | 301,383 | ||||||
Covivio | 1,805 | 189,212 | ||||||
Credit Agricole S.A. | 62,142 | 746,241 | ||||||
Danone S.A. | 7,002 | 594,054 | ||||||
Dassault Systemes SE | 1,003 | 160,253 | ||||||
Edenred | 3,385 | 172,928 | ||||||
Eiffage S.A. | 1,379 | 136,531 | ||||||
Electricite de France S.A. | 32,646 | 412,110 | ||||||
Elis S.A. | 4,542 | 82,500 | ||||||
Engie S.A. | 52,364 | 795,493 | ||||||
EssilorLuxottica S.A. | 3,246 | 424,179 | ||||||
Eutelsat Communications S.A. | 7,220 | 135,172 | ||||||
Faurecia S.A. | 2,684 | 124,737 | ||||||
Gaztransport Et Technigaz S.A. | 1,168 | 117,250 | ||||||
Hermes International | 438 | 316,335 | ||||||
ICADE | 2,444 | 224,328 | ||||||
Ipsen S.A. | 630 | 86,093 | ||||||
JCDecaux S.A. | 3,793 | 115,071 | ||||||
Kering S.A. | 1,075 | 636,712 | ||||||
Klepierre S.A.(a) | 8,200 | 275,289 | ||||||
L’Oreal S.A. | 3,551 | 1,012,992 | ||||||
Legrand S.A. | 2,834 | 207,519 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 3,380 | 1,440,735 | ||||||
Metropole Television S.A. | 4,784 | 90,710 | ||||||
Natixis S.A. | 86,455 | 348,432 | ||||||
Nexity S.A. | 2,405 | 104,075 | ||||||
Orange S.A. | 50,041 | 790,121 | ||||||
Pernod Ricard S.A. | 1,730 | 319,259 | ||||||
Peugeot S.A. | 12,267 | 302,723 | ||||||
Publicis Groupe S.A. | 3,571 | 188,815 | ||||||
Renault S.A. | 6,980 | 439,491 | ||||||
Rubis SCA | 1,989 | 112,166 | ||||||
Safran S.A. | 2,788 | 409,096 | ||||||
Sanofi | 19,543 | 1,689,421 | ||||||
Schneider Electric SE | 6,963 | 632,454 | ||||||
SEB S.A. | 518 | 93,263 | ||||||
Societe Generale S.A. | 27,431 | 694,118 | ||||||
Sodexo S.A. | 1,784 | 208,850 | ||||||
Sopra Steria Group | 639 | 74,589 | ||||||
SPIE S.A. | 4,701 | 87,423 | ||||||
Suez | 14,352 | 207,406 | ||||||
Teleperformance | 669 | 134,239 | ||||||
Thales S.A. | 1,938 | 239,790 | ||||||
TOTAL S.A. | 53,810 | 3,019,515 | ||||||
Valeo S.A. | 5,424 | 176,658 | ||||||
Veolia Environnement S.A. | 10,152 | 247,639 | ||||||
Vicat S.A. | 1,661 | 82,661 | ||||||
Vinci S.A. | 6,594 | 676,283 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 27 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| Investments | Shares | Value | ||||||
Vivendi S.A. | 11,698 | $ | 322,518 | |||||
Wendel S.A. | 944 | 128,896 | ||||||
|
| |||||||
| Total France |
| 26,782,228 | ||||||
| Germany – 8.1% |
| |||||||
adidas AG | 1,082 | 334,537 | ||||||
Allianz SE Registered Shares | 6,023 | 1,454,107 | ||||||
Aurubis AG | 1,857 | 90,575 | ||||||
Axel Springer SE | 2,166 | 152,809 | ||||||
BASF SE | 18,237 | 1,327,510 | ||||||
Bayer AG Registered Shares | 19,390 | 1,345,637 | ||||||
Bayerische Motoren Werke AG | 11,897 | 881,859 | ||||||
Brenntag AG | 3,619 | 178,494 | ||||||
Carl Zeiss Meditec AG Bearer Shares | 859 | 84,861 | ||||||
Commerzbank AG | 17,181 | 123,636 | ||||||
Continental AG | 3,075 | 449,002 | ||||||
Covestro AG(b) | 4,530 | 230,648 | ||||||
Daimler AG Registered Shares | 26,951 | 1,501,597 | ||||||
Deutsche Bank AG Registered Shares | 18,287 | 141,195 | ||||||
Deutsche Boerse AG | 1,642 | 232,617 | ||||||
Deutsche Lufthansa AG Registered Shares | 8,370 | 143,644 | ||||||
Deutsche Post AG Registered Shares | 19,400 | 638,480 | ||||||
Deutsche Telekom AG Registered Shares | 80,391 | 1,392,648 | ||||||
Deutsche Wohnen SE Bearer Shares | 3,430 | 126,049 | ||||||
Duerr AG | 2,175 | 74,232 | ||||||
E.ON SE | 36,731 | 399,511 | ||||||
Evonik Industries AG | 9,710 | 283,189 | ||||||
Fielmann AG | 2,436 | 176,989 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 1,362 | 117,259 | ||||||
Freenet AG | 7,130 | 142,865 | ||||||
Fresenius Medical Care AG & Co. KGaA | 2,455 | 193,019 | ||||||
Fresenius SE & Co. KGaA | 4,113 | 223,328 | ||||||
Fuchs Petrolub SE | 3,114 | 111,174 | ||||||
GEA Group AG | 3,706 | 105,510 | ||||||
Hannover Rueck SE | 1,916 | 310,272 | ||||||
HeidelbergCement AG | 2,122 | 171,961 | ||||||
Henkel AG & Co. KGaA | 2,891 | 265,851 | ||||||
Hochtief AG | 1,710 | 208,561 | ||||||
Hugo Boss AG | 2,365 | 157,556 | ||||||
Infineon Technologies AG | 10,097 | 178,801 | ||||||
Innogy SE | 5,044 | 321,312 | ||||||
KION Group AG | 1,620 | 102,279 | ||||||
LEG Immobilien AG | 1,147 | 129,575 | ||||||
METRO AG | 8,854 | 162,083 | ||||||
MTU Aero Engines AG | 487 | 116,188 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 2,225 | 559,217 | ||||||
OSRAM Licht AG | 2,453 | 80,899 | ||||||
ProSiebenSat.1 Media SE | 9,450 | 148,672 | ||||||
RWE AG | 7,247 | 178,840 | ||||||
SAP SE | 6,447 | 886,601 | ||||||
Siemens AG Registered Shares | 11,721 | 1,396,188 | ||||||
Siemens Healthineers AG(b) | 8,479 | 358,330 | ||||||
Software AG | 3,174 | 109,160 | ||||||
Symrise AG | 848 | 81,737 | ||||||
| Investments | Shares | Value | ||||||
Talanx AG | 5,308 | $ | 230,305 | |||||
Telefonica Deutschland Holding AG | 147,699 | 413,267 | ||||||
ThyssenKrupp AG | 6,330 | 92,450 | ||||||
TUI AG | 22,419 | 219,667 | ||||||
Uniper SE | 5,983 | 181,442 | ||||||
Volkswagen AG | 3,536 | 608,651 | ||||||
Wacker Chemie AG | 1,099 | 87,082 | ||||||
Wirecard AG | 256 | 43,162 | ||||||
|
| |||||||
| Total Germany |
| 20,457,090 | ||||||
| Hong Kong – 2.8% |
| |||||||
AIA Group Ltd. | 70,200 | 757,037 | ||||||
Bank of East Asia Ltd. (The) | 51,249 | 143,333 | ||||||
BOC Hong Kong Holdings Ltd. | 172,500 | 678,960 | ||||||
Cathay Pacific Airways Ltd. | 59,000 | 88,207 | ||||||
CLP Holdings Ltd. | 33,000 | 364,109 | ||||||
Galaxy Entertainment Group Ltd. | 37,000 | 249,350 | ||||||
Hang Lung Properties Ltd. | 83,000 | 197,394 | ||||||
Hang Seng Bank Ltd. | 24,600 | 612,441 | ||||||
Henderson Land Development Co., Ltd. | 65,000 | 358,176 | ||||||
Hong Kong & China Gas Co., Ltd. | 150,213 | 333,016 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 11,305 | 399,094 | ||||||
MTR Corp., Ltd. | 55,342 | 372,607 | ||||||
New World Development Co., Ltd. | 169,010 | 264,359 | ||||||
PCCW Ltd. | 271,000 | 156,443 | ||||||
Power Assets Holdings Ltd. | 39,000 | 280,550 | ||||||
Sino Land Co., Ltd. | 122,000 | 204,570 | ||||||
SJM Holdings Ltd. | 102,000 | 116,068 | ||||||
Sun Hung Kai Properties Ltd. | 36,500 | 619,040 | ||||||
Swire Pacific Ltd. Class A | 3,500 | 43,008 | ||||||
Swire Pacific Ltd. Class B | 90,000 | 170,496 | ||||||
Swire Properties Ltd. | 59,400 | 239,881 | ||||||
Techtronic Industries Co., Ltd. | 18,000 | 137,779 | ||||||
Wharf Holdings Ltd. (The) | 46,000 | 121,882 | ||||||
Wheelock & Co., Ltd. | 24,000 | 172,032 | ||||||
|
| |||||||
| Total Hong Kong |
| 7,079,832 | ||||||
| Ireland – 0.4% |
| |||||||
AIB Group PLC | 50,202 | 205,583 | ||||||
Bank of Ireland Group PLC | 17,844 | 93,394 | ||||||
CRH PLC | 6,979 | 228,019 | ||||||
DCC PLC | 1,178 | 105,247 | ||||||
Flutter Entertainment PLC | 1,511 | 113,809 | ||||||
Greencore Group PLC | 17,079 | 47,603 | ||||||
Smurfit Kappa Group PLC | 4,046 | 122,608 | ||||||
Total Produce PLC | 49,408 | 82,148 | ||||||
|
| |||||||
| Total Ireland |
| 998,411 | ||||||
| Israel – 0.3% |
| |||||||
Delek Automotive Systems Ltd. | 22,006 | 101,005 | ||||||
Delek Group Ltd. | 653 | 112,124 | ||||||
First International Bank of Israel Ltd. | 5,611 | 141,921 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 15,183 | 113,791 | ||||||
Israel Chemicals Ltd. | 24,783 | 129,872 | ||||||
Menora Mivtachim Holdings Ltd. | 6,407 | 97,366 | ||||||
See Notes to Financial Statements.
| 28 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| Investments | Shares | Value | ||||||
Migdal Insurance & Financial Holding Ltd. | 78,560 | $ | 82,380 | |||||
|
| |||||||
| Total Israel |
| 778,459 | ||||||
| Italy – 3.5% |
| |||||||
A2A SpA | 81,830 | 142,205 | ||||||
ACEA SpA | 5,676 | 108,204 | ||||||
Ascopiave SpA | 26,714 | 114,995 | ||||||
Assicurazioni Generali SpA | 25,860 | 487,682 | ||||||
ASTM SpA | 1,366 | 44,179 | ||||||
Atlantia SpA | 11,511 | 300,321 | ||||||
Azimut Holding SpA(a) | 4,707 | 90,750 | ||||||
Banca Generali SpA | 3,508 | 101,151 | ||||||
Banca Mediolanum SpA | 23,892 | 176,173 | ||||||
Credito Emiliano SpA | 27,116 | 130,776 | ||||||
DiaSorin SpA | 770 | 89,529 | ||||||
Enel SpA | 163,800 | 1,145,328 | ||||||
Eni SpA | 78,033 | 1,297,948 | ||||||
ERG SpA | 4,572 | 93,719 | ||||||
Esprinet SpA | 21,540 | 78,618 | ||||||
Ferrari N.V. | 551 | 89,604 | ||||||
FinecoBank Banca Fineco SpA | 10,860 | 121,324 | ||||||
Hera SpA | 29,714 | 113,832 | ||||||
IMA Industria Macchine Automatiche SpA | 935 | 77,569 | ||||||
Infrastrutture Wireless Italiane SpA(b) | 15,950 | 156,754 | ||||||
Intesa Sanpaolo SpA | 614,893 | 1,317,852 | ||||||
Italgas SpA | 20,261 | 136,317 | ||||||
Leonardo SpA | 5,868 | 74,476 | ||||||
Mediobanca Banca di Credito Finanziario SpA | 17,342 | 179,045 | ||||||
Piaggio & C. SpA | 17,921 | 52,695 | ||||||
Pirelli & C SpA(b) | 18,357 | 108,664 | ||||||
Poste Italiane SpA(b) | 25,561 | 269,548 | ||||||
Recordati SpA | 3,123 | 130,380 | ||||||
Saras SpA | 52,595 | 79,301 | ||||||
Snam SpA | 68,393 | 340,440 | ||||||
Societa Cattolica di Assicurazioni SC | 13,038 | 116,777 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 7,256 | 134,772 | ||||||
Telecom Italia SpA RSP | 160,377 | 83,301 | ||||||
Terna Rete Elettrica Nazionale SpA | 36,651 | 233,734 | ||||||
UniCredit SpA | 18,597 | 229,276 | ||||||
Unipol Gruppo SpA | 17,460 | 85,161 | ||||||
UnipolSai Assicurazioni SpA | 79,550 | 204,646 | ||||||
|
| |||||||
| Total Italy |
| 8,737,046 | ||||||
| Japan – 19.5% |
| |||||||
Advantest Corp. | 3,500 | 96,320 | ||||||
Aeon Co., Ltd. | 11,800 | 202,727 | ||||||
AGC, Inc. | 5,100 | 176,327 | ||||||
Ahresty Corp. | 21,400 | 110,635 | ||||||
Aisin Seiki Co., Ltd. | 6,600 | 227,269 | ||||||
Ajinomoto Co., Inc. | 7,300 | 126,568 | ||||||
Amada Holdings Co., Ltd. | 12,400 | 139,606 | ||||||
ANA Holdings, Inc. | 5,300 | 175,519 | ||||||
Aozora Bank Ltd. | 6,200 | 148,814 | ||||||
Artnature, Inc. | 30,800 | 180,100 | ||||||
Asahi Group Holdings Ltd. | 5,500 | 247,332 | ||||||
| Investments | Shares | Value | ||||||
Asahi Kasei Corp. | 19,500 | $ | 207,868 | |||||
Astellas Pharma, Inc. | 27,200 | 387,526 | ||||||
Azbil Corp. | 4,000 | 97,717 | ||||||
Bank of the Ryukyus Ltd. | 11,500 | 122,749 | ||||||
Bridgestone Corp. | 11,300 | 444,910 | ||||||
Brother Industries Ltd. | 6,400 | 120,884 | ||||||
Canon Electronics, Inc. | 8,100 | 136,303 | ||||||
Canon, Inc.(a) | 25,000 | 729,998 | ||||||
Chiba Bank Ltd. (The) | 27,700 | 135,235 | ||||||
Chubu Electric Power Co., Inc. | 12,000 | 168,350 | ||||||
Citizen Watch Co., Ltd. | 18,100 | 92,902 | ||||||
Concordia Financial Group Ltd. | 37,000 | 137,711 | ||||||
Dai Nippon Toryo Co., Ltd. | 18,100 | 174,717 | ||||||
Dai-ichi Life Holdings, Inc. | 17,500 | 263,946 | ||||||
Daido Steel Co., Ltd. | 4,000 | 151,661 | ||||||
Daifuku Co., Ltd. | 1,600 | 89,846 | ||||||
Daiichi Sankyo Co., Ltd. | 4,200 | 219,668 | ||||||
Daikin Industries Ltd. | 1,700 | 221,928 | ||||||
Daito Trust Construction Co., Ltd. | 1,500 | 191,224 | ||||||
Daiwa House Industry Co., Ltd. | 8,900 | 259,466 | ||||||
Daiwa Securities Group, Inc. | 44,100 | 193,239 | ||||||
Denso Corp. | 10,700 | 450,187 | ||||||
Dentsu, Inc. | 3,900 | 136,105 | ||||||
DIC Corp. | 4,500 | 118,786 | ||||||
Disco Corp. | 600 | 98,459 | ||||||
Dowa Holdings Co., Ltd. | 3,700 | 118,651 | ||||||
East Japan Railway Co. | 2,300 | 215,185 | ||||||
Electric Power Development Co., Ltd. | 5,900 | 134,056 | ||||||
Elematec Corp. | 9,200 | 87,440 | ||||||
Enplas Corp. | 3,400 | 100,984 | ||||||
FamilyMart UNY Holdings Co., Ltd. | 4,000 | 95,489 | ||||||
FANUC Corp. | 4,400 | 813,922 | ||||||
Fast Retailing Co., Ltd. | 400 | 241,804 | ||||||
Fuji Electric Co., Ltd. | 2,800 | 96,547 | ||||||
Fujitsu Ltd. | 3,300 | 230,087 | ||||||
Fukuoka Financial Group, Inc. | 4,800 | 87,633 | ||||||
Hakuto Co., Ltd. | 13,400 | 150,243 | ||||||
Hamamatsu Photonics K.K. | 2,800 | 109,022 | ||||||
Hikari Tsushin, Inc. | 600 | 130,815 | ||||||
Hino Motors Ltd. | 19,600 | 165,001 | ||||||
Hirose Electric Co., Ltd. | 900 | 100,408 | ||||||
Hitachi Chemical Co., Ltd. | 3,400 | 92,337 | ||||||
Hitachi Construction Machinery Co., Ltd. | 5,200 | 135,237 | ||||||
Hitachi High-Technologies Corp. | 1,500 | 77,130 | ||||||
Hitachi Ltd. | 8,800 | 322,547 | ||||||
Hitachi Metals Ltd. | 8,200 | 92,625 | ||||||
Hokuhoku Financial Group, Inc. | 12,700 | 132,022 | ||||||
Honda Motor Co., Ltd. | 27,500 | 710,855 | ||||||
Hulic Co., Ltd. | 20,700 | 166,384 | ||||||
Ichiken Co., Ltd. | 8,100 | 124,650 | ||||||
Idemitsu Kosan Co., Ltd. | 5,000 | 150,362 | ||||||
IHI Corp. | 3,800 | 91,596 | ||||||
Ines Corp. | 10,600 | 112,946 | ||||||
Isuzu Motors Ltd. | 15,400 | 175,383 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 29 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| Investments | Shares | Value | ||||||
ITOCHU Corp. | 26,500 | $ | 506,806 | |||||
Iyo Bank Ltd. (The) | 31,400 | 158,545 | ||||||
Japan Airlines Co., Ltd. | 5,900 | 188,544 | ||||||
Japan Exchange Group, Inc. | 11,800 | 187,503 | ||||||
Japan Post Holdings Co., Ltd. | 65,300 | 739,428 | ||||||
Japan Post Insurance Co., Ltd. | 10,100 | 187,207 | ||||||
Japan Tobacco, Inc. | 47,700 | 1,053,482 | ||||||
JFE Holdings, Inc. | 16,000 | 235,010 | ||||||
JSR Corp. | 7,200 | 113,674 | ||||||
JTEKT Corp. | 12,500 | 151,522 | ||||||
JXTG Holdings, Inc. | 61,500 | 305,045 | ||||||
Kaga Electronics Co., Ltd. | 7,000 | 100,900 | ||||||
Kajima Corp. | 12,300 | 168,734 | ||||||
Kansai Electric Power Co., Inc. (The) | 17,400 | 199,372 | ||||||
Kansai Paint Co., Ltd. | 3,600 | 75,482 | ||||||
Kao Corp. | 3,400 | 259,087 | ||||||
Kawasaki Heavy Industries Ltd. | 5,900 | 138,711 | ||||||
KDDI Corp. | 36,900 | 939,625 | ||||||
Keio Corp. | 1,000 | 65,807 | ||||||
Keyence Corp. | 200 | 122,759 | ||||||
Kobe Steel Ltd. | 13,700 | 89,646 | ||||||
Koito Manufacturing Co., Ltd. | 2,400 | 128,086 | ||||||
Komatsu Ltd. | 18,300 | 441,619 | ||||||
Kuraray Co., Ltd.(a) | 10,500 | 125,427 | ||||||
Kyokuto Securities Co., Ltd. | 21,500 | 174,810 | ||||||
Kyowa Exeo Corp. | 4,000 | 99,573 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 8,200 | 147,576 | ||||||
Kyushu Electric Power Co., Inc. | 13,200 | 129,623 | ||||||
Kyushu Railway Co. | 3,900 | 113,663 | ||||||
Lawson, Inc. | 4,300 | 206,339 | ||||||
LIXIL Group Corp. | 7,800 | 123,364 | ||||||
Mabuchi Motor Co., Ltd.(a) | 3,900 | 133,391 | ||||||
Makita Corp. | 3,900 | 132,486 | ||||||
Marubeni Corp. | 38,500 | 254,785 | ||||||
Marubun Corp. | 27,300 | 140,123 | ||||||
Matsui Securities Co., Ltd. | 14,900 | 140,509 | ||||||
Maxell Holdings Ltd. | 3,600 | 49,219 | ||||||
Mazda Motor Corp. | 12,300 | 128,377 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 4,200 | 185,168 | ||||||
MEIJI Holdings Co., Ltd. | 2,000 | 142,937 | ||||||
MINEBEA MITSUMI, Inc. | 6,800 | 115,185 | ||||||
Mitsubishi Chemical Holdings Corp. | 37,900 | 264,744 | ||||||
Mitsubishi Corp. | 26,600 | 701,170 | ||||||
Mitsubishi Electric Corp. | 29,200 | 384,581 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 9,300 | 123,954 | ||||||
Mitsubishi Heavy Industries Ltd. | 5,000 | 217,700 | ||||||
Mitsubishi Logistics Corp. | 4,600 | 126,549 | ||||||
Mitsubishi Motors Corp. | 31,300 | 149,905 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 10,500 | 123,283 | ||||||
Mitsubishi Tanabe Pharma Corp. | 17,600 | 196,027 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 195,500 | 929,051 | ||||||
Mitsui Chemicals, Inc. | 5,400 | 133,672 | ||||||
Mitsui Fudosan Co., Ltd. | 8,200 | 198,835 | ||||||
Mixi, Inc. | 7,300 | 146,420 | ||||||
| Investments | Shares | Value | ||||||
Mizuho Financial Group, Inc. | 410,700 | $ | 595,046 | |||||
MS&AD Insurance Group Holdings, Inc. | 11,100 | 352,348 | ||||||
Murata Manufacturing Co., Ltd. | 6,300 | 283,015 | ||||||
NGK Insulators Ltd. | 13,500 | 196,849 | ||||||
NGK Spark Plug Co., Ltd. | 5,500 | 103,221 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 14,200 | 155,259 | ||||||
Nikon Corp. | 9,900 | 140,037 | ||||||
Nintendo Co., Ltd. | 1,300 | 476,490 | ||||||
Nippon Express Co., Ltd. | 2,500 | 132,959 | ||||||
Nippon Kayaku Co., Ltd. | 9,600 | 115,567 | ||||||
Nippon Paint Holdings Co., Ltd.(a) | 2,400 | 93,113 | ||||||
Nippon Signal Co., Ltd. | 8,500 | 98,696 | ||||||
Nippon Steel Corp. | 15,900 | 272,871 | ||||||
Nippon Telegraph & Telephone Corp. | 28,300 | 1,317,812 | ||||||
Nissan Chemical Corp. | 2,400 | 108,149 | ||||||
Nissan Motor Co., Ltd. | 121,000 | 866,564 | ||||||
Nitto Denko Corp. | 3,600 | 177,661 | ||||||
NSK Ltd. | 18,100 | 161,277 | ||||||
NTN Corp. | 43,700 | 129,794 | ||||||
NTT DOCOMO, Inc. | 62,300 | 1,452,838 | ||||||
Obayashi Corp. | 17,000 | 167,412 | ||||||
Oji Holdings Corp. | 19,900 | 114,886 | ||||||
Ono Pharmaceutical Co., Ltd. | 8,200 | 147,043 | ||||||
Otsuka Holdings Co., Ltd. | 8,400 | 274,127 | ||||||
Panasonic Corp. | 41,300 | 344,077 | ||||||
Park24 Co., Ltd. | 4,600 | 107,123 | ||||||
Pola Orbis Holdings, Inc. | 4,400 | 122,926 | ||||||
Recruit Holdings Co., Ltd. | 6,300 | 210,156 | ||||||
Resona Holdings, Inc. | 46,900 | 195,279 | ||||||
Ricoh Co., Ltd. | 10,000 | 99,870 | ||||||
Rohm Co., Ltd. | 1,500 | 100,798 | ||||||
Roland DG Corp. | 5,400 | 121,092 | ||||||
Satori Electric Co., Ltd. | 12,900 | 104,766 | ||||||
SBI Holdings, Inc. | 4,500 | 111,393 | ||||||
Secom Co., Ltd. | 2,500 | 215,194 | ||||||
Seika Corp. | 15,300 | 185,179 | ||||||
Seiko Epson Corp. | 7,800 | 123,436 | ||||||
Sekisui Chemical Co., Ltd. | 12,300 | 184,717 | ||||||
Sekisui House Ltd. | 15,000 | 247,192 | ||||||
Seven & I Holdings Co., Ltd. | 11,100 | 375,838 | ||||||
SG Holdings Co., Ltd. | 2,900 | 82,230 | ||||||
Sharp Corp.(a) | 8,800 | 96,544 | ||||||
Shimano, Inc. | 800 | 119,027 | ||||||
Shimizu Corp. | 18,400 | 152,849 | ||||||
Shin-Etsu Chemical Co., Ltd. | 3,800 | 353,935 | ||||||
Shindengen Electric Manufacturing Co., Ltd. | 3,400 | 116,131 | ||||||
Shizuoka Bank Ltd. (The) | 15,700 | 115,703 | ||||||
Softbank Corp. | 50,200 | 652,078 | ||||||
SoftBank Group Corp. | 4,600 | 220,522 | ||||||
Sojitz Corp. | 45,400 | 145,799 | ||||||
Sompo Holdings, Inc. | 6,000 | 231,725 | ||||||
Sony Corp. | 3,400 | 178,237 | ||||||
Sony Financial Holdings, Inc. | 7,200 | 172,950 | ||||||
Subaru Corp. | 17,700 | 430,261 | ||||||
See Notes to Financial Statements.
| 30 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| Investments | Shares | Value | ||||||
SUMCO Corp.(a) | 8,500 | $ | 101,142 | |||||
Sumitomo Chemical Co., Ltd. | 39,500 | 183,312 | ||||||
Sumitomo Corp. | 24,000 | 363,653 | ||||||
Sumitomo Electric Industries Ltd. | 16,800 | 220,564 | ||||||
Sumitomo Metal Mining Co., Ltd. | 5,700 | 170,302 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 19,900 | 702,983 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 6,400 | 232,025 | ||||||
Sumitomo Rubber Industries Ltd. | 13,300 | 153,813 | ||||||
Suntory Beverage & Food Ltd. | 3,900 | 169,589 | ||||||
Suzuki Motor Corp. | 4,100 | 192,708 | ||||||
T&D Holdings, Inc. | 15,100 | 163,908 | ||||||
T. RAD Co., Ltd. | 8,300 | 146,602 | ||||||
Taiheiyo Cement Corp. | 3,100 | 93,800 | ||||||
Taisei Corp. | 4,200 | 152,617 | ||||||
Taiyo Nippon Sanso Corp. | 3,000 | 63,709 | ||||||
Takeda Pharmaceutical Co., Ltd. | 22,900 | 812,574 | ||||||
TDK Corp. | 1,400 | 108,372 | ||||||
Terumo Corp. | 4,400 | 131,093 | ||||||
Toho Bank Ltd. (The) | 79,100 | 187,949 | ||||||
Toho Co., Ltd. | 2,100 | 89,270 | ||||||
Tohoku Electric Power Co., Inc. | 15,700 | 158,690 | ||||||
Tokio Marine Holdings, Inc. | 9,300 | 466,036 | ||||||
Tokyo Electron Ltd. | 3,500 | 491,182 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 7,300 | 55,153 | ||||||
Toray Industries, Inc. | 18,000 | 136,863 | ||||||
Torishima Pump Manufacturing Co., Ltd. | 16,800 | 164,819 | ||||||
Tosoh Corp. | 8,700 | 122,336 | ||||||
TOTO Ltd. | 2,900 | 114,530 | ||||||
Toyota Motor Corp. | 40,974 | 2,543,476 | ||||||
Toyota Tsusho Corp. | 7,700 | 233,344 | ||||||
Unicharm Corp. | 4,700 | 141,515 | ||||||
Yahoo Japan Corp. | 77,100 | 226,133 | ||||||
Yamaguchi Financial Group, Inc. | 16,800 | 114,765 | ||||||
Yamaha Corp. | 2,900 | 137,813 | ||||||
Yamaha Motor Co., Ltd. | 8,800 | 156,414 | ||||||
Yamato Holdings Co., Ltd. | 3,900 | 79,310 | ||||||
Yokogawa Electric Corp. | 4,100 | 80,371 | ||||||
Yokohama Rubber Co., Ltd. (The) | 8,400 | 154,372 | ||||||
|
| |||||||
| Total Japan |
| 49,106,171 | ||||||
| Netherlands – 2.2% |
| |||||||
ABN AMRO Bank N.V. CVA(b) | 24,358 | 521,908 | ||||||
Aegon N.V. | 52,173 | 260,117 | ||||||
Akzo Nobel N.V. | 1,768 | 166,387 | ||||||
Arcadis N.V. | 1,545 | 29,383 | ||||||
ASML Holding N.V. | 1,815 | 379,776 | ||||||
BE Semiconductor Industries N.V. | 3,258 | 83,999 | ||||||
Heineken Holding N.V. | 2,823 | 296,729 | ||||||
Heineken N.V. | 4,153 | 464,147 | ||||||
IMCD N.V. | 1,171 | 107,483 | ||||||
ING Groep N.V. | 88,651 | 1,029,345 | ||||||
Koninklijke Ahold Delhaize N.V. | 16,435 | 370,169 | ||||||
Koninklijke DSM N.V. | 1,574 | 194,842 | ||||||
Koninklijke KPN N.V. | 82,980 | 255,144 | ||||||
| Investments | Shares | Value | ||||||
Koninklijke Philips N.V. | 8,947 | $ | 389,061 | |||||
Koninklijke Vopak N.V. | 2,536 | 117,108 | ||||||
NN Group N.V. | 6,201 | 249,984 | ||||||
Ordina N.V. | 42,114 | 86,327 | ||||||
Randstad N.V. | 3,998 | 219,906 | ||||||
Rhi Magnesita N.V. | 1,031 | 63,456 | ||||||
SBM Offshore N.V. | 3,011 | 58,223 | ||||||
Signify N.V.(b) | 2,976 | 88,116 | ||||||
Wolters Kluwer N.V. | 3,133 | 228,415 | ||||||
|
| |||||||
| Total Netherlands |
| 5,660,025 | ||||||
| New Zealand – 0.5% |
| |||||||
Air New Zealand Ltd. | 47,976 | 85,391 | ||||||
Chorus Ltd. | 20,863 | 79,872 | ||||||
Genesis Energy Ltd. | 65,652 | 153,010 | ||||||
Heartland Group Holdings Ltd. | 73,461 | 81,411 | ||||||
Infratil Ltd. | 31,429 | 98,158 | ||||||
Mainfreight Ltd. | 3,716 | 101,581 | ||||||
Metlifecare Ltd. | 35,571 | 104,883 | ||||||
Port of Tauranga Ltd. | 36,342 | 154,754 | ||||||
Ryman Healthcare Ltd. | 11,102 | 87,616 | ||||||
Spark New Zealand Ltd. | 54,079 | 145,288 | ||||||
Summerset Group Holdings Ltd. | 17,312 | 64,766 | ||||||
Z Energy Ltd. | 17,679 | 75,044 | ||||||
|
| |||||||
| Total New Zealand |
| 1,231,774 | ||||||
| Norway – 1.7% |
| |||||||
ABG Sundal Collier Holding ASA* | 336,714 | 147,701 | ||||||
AF Gruppen ASA | 6,045 | 119,113 | ||||||
Aker ASA Class A | 2,107 | 121,289 | ||||||
Aker BP ASA | 10,076 | 289,066 | ||||||
Austevoll Seafood ASA | 8,018 | 84,214 | ||||||
Borregaard ASA | 5,222 | 60,513 | ||||||
DNB ASA | 28,695 | 534,116 | ||||||
DNO ASA | 23,713 | 42,970 | ||||||
Equinor ASA | 61,557 | 1,216,188 | ||||||
Gjensidige Forsikring ASA | 8,815 | 177,622 | ||||||
Kongsberg Gruppen ASA | 5,505 | 76,964 | ||||||
Mowi ASA | 11,311 | 264,598 | ||||||
Norsk Hydro ASA | 39,058 | 139,721 | ||||||
Orkla ASA | 16,736 | 148,554 | ||||||
Salmar ASA | 3,187 | 138,641 | ||||||
SpareBank 1 SMN | 11,414 | 130,793 | ||||||
Telenor ASA | 26,100 | 554,384 | ||||||
TGS Nopec Geophysical Co. ASA | 3,152 | 88,430 | ||||||
|
| |||||||
| Total Norway |
| 4,334,877 | ||||||
| Portugal – 0.4% |
| |||||||
Corticeira Amorim, SGPS, S.A. | 7,550 | 87,527 | ||||||
EDP – Energias de Portugal S.A. | 67,340 | 256,287 | ||||||
Galp Energia, SGPS, S.A. | 17,257 | 265,797 | ||||||
Navigator Co. S.A. (The) | 33,240 | 127,113 | ||||||
NOS, SGPS, S.A. | 19,749 | 129,993 | ||||||
Semapa-Sociedade de Investimento e Gestao | 5,690 | 80,090 | ||||||
|
| |||||||
| Total Portugal |
| 946,807 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 31 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| Investments | Shares | Value | ||||||
| Singapore – 2.0% |
| |||||||
Asian Pay Television Trust | 160,600 | $ | 20,298 | |||||
CapitaLand Ltd. | 58,900 | 153,677 | ||||||
China Aviation Oil Singapore Corp., Ltd. | 102,400 | 99,906 | ||||||
CSE Global Ltd. | 319,800 | 114,641 | ||||||
DBS Group Holdings Ltd. | 49,000 | 940,197 | ||||||
Frasers Property Ltd. | 131,100 | 181,202 | ||||||
Genting Singapore Ltd. | 232,300 | 157,963 | ||||||
Hutchison Port Holdings Trust | 465,400 | 107,042 | ||||||
Jardine Cycle & Carriage Ltd. | 7,000 | 187,450 | ||||||
Keppel Corp., Ltd. | 36,300 | 178,690 | ||||||
NetLink NBN Trust | 231,700 | 152,417 | ||||||
Olam International Ltd. | 117,500 | 171,089 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 51,658 | 435,272 | ||||||
Singapore Exchange Ltd. | 24,800 | 145,176 | ||||||
Singapore Technologies Engineering Ltd. | 67,500 | 206,549 | ||||||
Singapore Telecommunications Ltd. | 319,500 | 826,527 | ||||||
StarHub Ltd. | 113,100 | 128,736 | ||||||
United Overseas Bank Ltd. | 20,228 | 390,671 | ||||||
Wilmar International Ltd. | 87,400 | 239,018 | ||||||
Yanlord Land Group Ltd. | 91,700 | 87,433 | ||||||
|
| |||||||
| Total Singapore |
| 4,923,954 | ||||||
| Spain – 4.1% |
| |||||||
ACS Actividades de Construccion y Servicios S.A. | 5,030 | 201,116 | ||||||
Aena SME S.A.(b) | 2,321 | 460,702 | ||||||
Amadeus IT Group S.A. | 3,527 | 279,793 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 113,818 | 637,322 | ||||||
Banco Santander S.A. | 301,250 | 1,399,871 | ||||||
Bankia S.A. | 14,998 | 35,492 | ||||||
Bankinter S.A. | 22,323 | 154,003 | ||||||
CaixaBank S.A. | 137,799 | 395,138 | ||||||
Cie Automotive S.A. | 3,058 | 88,663 | ||||||
Enagas S.A. | 6,717 | 179,530 | ||||||
Ence Energia y Celulosa S.A. | 12,192 | 55,093 | ||||||
Endesa S.A.(a) | 25,097 | 646,204 | ||||||
Euskaltel S.A.(b) | 9,964 | 92,478 | ||||||
Faes Farma S.A. | 23,226 | 109,634 | ||||||
Ferrovial S.A. | 11,535 | 295,693 | ||||||
Grifols S.A. | 4,206 | 124,535 | ||||||
Grupo Catalana Occidente S.A. | 3,728 | 137,977 | ||||||
Iberdrola S.A. | 94,596 | 944,326 | ||||||
Industria de Diseno Textil S.A. | 40,602 | 1,222,984 | ||||||
Mapfre S.A. | 77,742 | 227,617 | ||||||
Naturgy Energy Group S.A. | 20,346 | 561,410 | ||||||
Prosegur Cia de Seguridad S.A. | 22,952 | 107,949 | ||||||
Red Electrica Corp. S.A. | 11,391 | 237,584 | ||||||
Repsol S.A. | 35,397 | 555,675 | ||||||
Sacyr S.A. | 24,107 | 58,530 | ||||||
Telefonica S.A. | 104,378 | 858,329 | ||||||
Tubacex S.A. | 26,427 | 83,363 | ||||||
Zardoya Otis S.A. | 20,715 | 157,583 | ||||||
|
| |||||||
| Total Spain |
| 10,308,594 | ||||||
| Investments | Shares | Value | ||||||
| Sweden – 2.8% |
| |||||||
AAK AB | 7,927 | $ | 150,369 | |||||
Ahlstrom-Munksjo Oyj | 3,218 | 53,064 | ||||||
Alfa Laval AB | 6,020 | 131,454 | ||||||
Atlas Copco AB Class A | 11,407 | 364,898 | ||||||
Axfood AB | 8,430 | 166,952 | ||||||
Boliden AB | 5,087 | 130,188 | ||||||
Bulten AB | 1,067 | 8,395 | ||||||
Electrolux AB Series B | 6,473 | 165,554 | ||||||
Epiroc AB Class A | 7,603 | 79,224 | ||||||
Essity AB Class B | 6,917 | 212,769 | ||||||
Fabege AB | 7,758 | 116,852 | ||||||
Hennes & Mauritz AB Class B | 37,218 | 663,315 | ||||||
Hexagon AB Class B | 1,770 | 98,361 | ||||||
Husqvarna AB Class B | 7,852 | 73,508 | ||||||
ICA Gruppen AB | 3,998 | 172,016 | ||||||
Indutrade AB | 3,398 | 108,698 | ||||||
Intrum AB | 2,993 | 76,904 | ||||||
Investment AB Latour Class B | 10,151 | 149,778 | ||||||
Kinnevik AB Class B | 4,374 | 113,850 | ||||||
Lifco AB Class B | 1,663 | 92,218 | ||||||
Lundin Petroleum AB | 4,616 | 143,233 | ||||||
NCC AB Class B | 5,059 | 87,759 | ||||||
NP3 Fastigheter AB | 12,497 | 108,562 | ||||||
Peab AB | 11,123 | 95,127 | ||||||
Sandvik AB | 14,849 | 273,031 | ||||||
Securitas AB Class B | 7,579 | 133,067 | ||||||
Skandinaviska Enskilda Banken AB Class A | 53,982 | 499,896 | ||||||
Skanska AB Class B | 8,340 | 150,742 | ||||||
Svenska Cellulosa AB SCA Class B | 8,267 | 71,905 | ||||||
Svenska Handelsbanken AB Class A | 38,333 | 379,603 | ||||||
Swedbank AB Class A | 38,356 | 576,485 | ||||||
Swedish Match AB | 2,535 | 107,103 | ||||||
Tele2 AB Class B | 10,974 | 160,266 | ||||||
Telefonaktiebolaget LM Ericsson Class B | 18,051 | 171,401 | ||||||
Telia Co. AB | 97,114 | 431,655 | ||||||
Thule Group AB(b) | 4,308 | 106,514 | ||||||
Volvo AB Class B | 27,974 | 444,264 | ||||||
|
| |||||||
| Total Sweden |
| 7,068,980 | ||||||
| Switzerland – 7.1% |
| |||||||
ABB Ltd. Registered Shares | 37,350 | 750,448 | ||||||
Adecco Group AG Registered Shares | 3,500 | 210,574 | ||||||
Cie Financiere Richemont S.A. Registered Shares | 5,188 | 440,794 | ||||||
Coca-Cola HBC AG* | 3,671 | 138,854 | ||||||
Credit Suisse Group AG Registered Shares* | 19,340 | 232,179 | ||||||
DKSH Holding AG | 1,700 | 99,733 | ||||||
Dufry AG* | 2,156 | 182,829 | ||||||
EMS-Chemie Holding AG Registered Shares | 355 | 230,659 | ||||||
Geberit AG Registered Shares | 457 | 213,735 | ||||||
Givaudan S.A. Registered Shares | 100 | 282,667 | ||||||
Julius Baer Group Ltd.* | 3,773 | 168,179 | ||||||
Kuehne + Nagel International AG Registered Shares | 2,372 | 352,516 | ||||||
LafargeHolcim Ltd. Registered Shares* | 9,653 | 471,957 | ||||||
See Notes to Financial Statements.
| 32 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| Investments | Shares | Value | ||||||
Logitech International S.A. Registered Shares | 2,600 | $ | 104,027 | |||||
Lonza Group AG Registered Shares* | 489 | 165,207 | ||||||
Nestle S.A. Registered Shares | 28,878 | 2,993,242 | ||||||
Novartis AG Registered Shares | 31,923 | 2,920,545 | ||||||
Partners Group Holding AG | 388 | 305,227 | ||||||
Roche Holding AG Bearer Shares | 2,574 | 722,304 | ||||||
Roche Holding AG Genusschein | 8,147 | 2,294,947 | ||||||
Schindler Holding AG Participation Certificate | 1,038 | 231,341 | ||||||
SGS S.A. Registered Shares | 135 | 344,354 | ||||||
SIG Combibloc Group AG* | 6,651 | 76,537 | ||||||
Sika AG | 877 | 149,854 | ||||||
STMicroelectronics N.V. | 7,167 | 127,324 | ||||||
Sunrise Communications Group AG*(b) | 1,904 | 142,263 | ||||||
Swatch Group AG (The) Bearer Shares | 829 | 237,647 | ||||||
Swiss Life Holding AG Registered Shares | 449 | 222,796 | ||||||
Swiss Re AG | 6,202 | 631,268 | ||||||
Swisscom AG Registered Shares | 928 | 466,475 | ||||||
Temenos AG Registered Shares* | 383 | 68,606 | ||||||
UBS Group AG Registered Shares* | 71,932 | 855,806 | ||||||
Vifor Pharma AG | 925 | 133,817 | ||||||
Zurich Insurance Group AG | 2,782 | 969,848 | ||||||
|
| |||||||
| Total Switzerland |
| 17,938,559 | ||||||
| United Kingdom – 18.4% |
| |||||||
Admiral Group PLC | 8,737 | 245,520 | ||||||
Anglo American PLC | 19,930 | 569,316 | ||||||
Antofagasta PLC | 18,492 | 218,779 | ||||||
Ashmore Group PLC | 14,260 | 92,468 | ||||||
Associated British Foods PLC | 7,032 | 220,429 | ||||||
AstraZeneca PLC | 17,215 | 1,410,536 | ||||||
Aviva PLC | 98,560 | 522,446 | ||||||
BAE Systems PLC | 64,044 | 403,795 | ||||||
Barclays PLC | 236,113 | 450,151 | ||||||
Barratt Developments PLC | 32,458 | 236,537 | ||||||
BBA Aviation PLC | 29,024 | 104,241 | ||||||
Bellway PLC | 3,878 | 137,455 | ||||||
Bloomsbury Publishing PLC | 24,393 | 70,472 | ||||||
Bovis Homes Group PLC | 9,555 | 125,620 | ||||||
BP PLC | 479,320 | 3,346,628 | ||||||
British American Tobacco PLC | 65,615 | 2,295,641 | ||||||
British Land Co. PLC (The) | 24,282 | 166,386 | ||||||
Britvic PLC | 9,160 | 103,581 | ||||||
BT Group PLC | 287,190 | 718,075 | ||||||
Bunzl PLC | 4,198 | 110,970 | ||||||
Burberry Group PLC | 6,188 | 146,641 | ||||||
Carnival PLC | 3,641 | 161,213 | ||||||
Centrica PLC | 282,741 | 315,872 | ||||||
Cineworld Group PLC | 29,675 | 95,703 | ||||||
CNH Industrial N.V. | 13,558 | 139,237 | ||||||
Coca-Cola European Partners PLC | 5,296 | 295,222 | ||||||
Compass Group PLC | 13,316 | 319,795 | ||||||
Croda International PLC | 1,385 | 90,250 | ||||||
CYBG PLC | 20,623 | 50,473 | ||||||
Diageo PLC | 20,868 | 898,747 | ||||||
Direct Line Insurance Group PLC | 38,459 | 162,405 | ||||||
| Investments | Shares | Value | ||||||
Dixons Carphone PLC | 63,069 | $ | 87,853 | |||||
Drax Group PLC | 18,476 | 61,184 | ||||||
DS Smith PLC | 29,273 | 135,052 | ||||||
easyJet PLC | 11,689 | 141,804 | ||||||
Elementis PLC | 34,486 | 62,105 | ||||||
Evraz PLC | 58,688 | 496,853 | ||||||
Fiat Chrysler Automobiles N.V. | 31,685 | 442,593 | ||||||
Fresnillo PLC | 10,249 | 113,508 | ||||||
G4S PLC | 41,804 | 110,664 | ||||||
Galliford Try PLC | 6,944 | 55,721 | ||||||
GlaxoSmithKline PLC | 104,996 | 2,106,786 | ||||||
Greene King PLC | 9,543 | 75,058 | ||||||
Halma PLC | 3,031 | 77,923 | ||||||
Hammerson PLC | 33,420 | 117,861 | ||||||
Hargreaves Lansdown PLC | 4,269 | 104,262 | ||||||
Hays PLC | 66,103 | 132,167 | ||||||
Hikma Pharmaceuticals PLC | 3,327 | 72,914 | ||||||
Howden Joinery Group PLC | 12,062 | 77,831 | ||||||
HSBC Holdings PLC | 414,541 | 3,465,715 | ||||||
Imperial Brands PLC | 39,490 | 928,182 | ||||||
Inchcape PLC | 14,909 | 116,884 | ||||||
Informa PLC | 14,767 | 156,930 | ||||||
InterContinental Hotels Group PLC | 2,181 | 143,562 | ||||||
Intertek Group PLC | 1,760 | 123,242 | ||||||
Investec PLC | 17,125 | 111,372 | ||||||
ITV PLC | 142,550 | 195,937 | ||||||
J Sainsbury PLC | 63,884 | 159,317 | ||||||
John Wood Group PLC | 24,057 | 138,390 | ||||||
Jupiter Fund Management PLC | 21,640 | 116,362 | ||||||
Kier Group PLC | 29,273 | 39,603 | ||||||
Kingfisher PLC | 59,379 | 162,404 | ||||||
Land Securities Group PLC | 17,456 | 185,106 | ||||||
Legal & General Group PLC | 124,360 | 426,546 | ||||||
Liontrust Asset Management PLC | 9,399 | 85,888 | ||||||
Lloyds Banking Group PLC | 1,279,886 | 921,801 | ||||||
London Stock Exchange Group PLC | 1,470 | 102,636 | ||||||
Lookers PLC | 107,920 | 69,911 | ||||||
Marks & Spencer Group PLC | 61,338 | 164,483 | ||||||
McKay Securities PLC | 10,000 | 29,908 | ||||||
Meggitt PLC | 15,823 | 105,523 | ||||||
Melrose Industries PLC | 63,764 | 146,764 | ||||||
Merlin Entertainments PLC(b) | 18,154 | 103,763 | ||||||
Micro Focus International PLC | 7,793 | 204,711 | ||||||
Mondi PLC | 5,696 | 129,762 | ||||||
National Grid PLC | 79,581 | 846,521 | ||||||
Next PLC | 2,154 | 151,490 | ||||||
Numis Corp. PLC | 19,422 | 66,863 | ||||||
Pagegroup PLC | 18,643 | 121,719 | ||||||
Pearson PLC | 9,277 | 96,745 | ||||||
Pennon Group PLC | 12,909 | 122,037 | ||||||
Persimmon PLC | 15,419 | 391,887 | ||||||
Prudential PLC | 28,307 | 618,212 | ||||||
QinetiQ Group PLC | 22,669 | 80,609 | ||||||
Reckitt Benckiser Group PLC | 7,516 | 594,407 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 33 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| Investments | Shares | Value | ||||||
Redrow PLC | 14,821 | $ | 102,613 | |||||
RELX PLC | 15,629 | 379,819 | ||||||
Rentokil Initial PLC | 13,431 | 67,947 | ||||||
Rio Tinto PLC | 24,055 | 1,494,155 | ||||||
RM PLC | 20,000 | 60,835 | ||||||
Rolls-Royce Holdings PLC* | 12,379 | 132,403 | ||||||
Rotork PLC | 21,866 | 88,106 | ||||||
Royal Bank of Scotland Group PLC | 104,956 | 293,603 | ||||||
Royal Dutch Shell PLC Class A | 97,833 | 3,203,073 | ||||||
Royal Dutch Shell PLC Class B | 89,594 | 2,943,019 | ||||||
Royal Mail PLC | 49,184 | 132,642 | ||||||
RPC Group PLC | 7,367 | 74,314 | ||||||
RSA Insurance Group PLC | 20,105 | 147,589 | ||||||
Saga PLC | 107,923 | 54,639 | ||||||
Sage Group PLC (The) | 13,247 | 135,280 | ||||||
Schroders PLC | 4,762 | 184,848 | ||||||
SDL PLC | 11,608 | 75,345 | ||||||
Segro PLC | 19,159 | 178,049 | ||||||
Severn Trent PLC | 5,031 | 131,133 | ||||||
Smith & Nephew PLC | 7,778 | 168,779 | ||||||
Speedy Hire PLC | 108,518 | 87,010 | ||||||
Spirax-Sarco Engineering PLC | 1,073 | 125,431 | ||||||
SSE PLC | 34,387 | 491,036 | ||||||
St. James’s Place PLC | 11,924 | 166,629 | ||||||
Standard Chartered PLC | 26,350 | 239,512 | ||||||
Standard Life Aberdeen PLC | 75,748 | 284,008 | ||||||
SThree PLC | 22,203 | 80,535 | ||||||
Tate & Lyle PLC | 10,354 | 97,303 | ||||||
Taylor Wimpey PLC | 58,856 | 118,164 | ||||||
TechnipFMC PLC | 4,132 | 106,345 | ||||||
Tesco PLC | 106,821 | 308,201 | ||||||
TP ICAP PLC | 19,205 | 73,229 | ||||||
Travis Perkins PLC | 4,013 | 65,093 | ||||||
Tullow Oil PLC | 24,693 | 65,839 | ||||||
Ultra Electronics Holdings PLC | 2,598 | 54,557 | ||||||
Unilever N.V. CVA | 18,749 | 1,143,579 | ||||||
Unilever PLC | 13,187 | 821,449 | ||||||
| Investments | Shares | Value | ||||||
United Utilities Group PLC | 15,504 | $ | 154,462 | |||||
Vertu Motors PLC | 123,356 | 63,112 | ||||||
Vodafone Group PLC | 691,917 | 1,138,796 | ||||||
Weir Group PLC (The) | 5,397 | 106,225 | ||||||
WH Smith PLC | 4,879 | 122,327 | ||||||
Whitbread PLC | 2,074 | 122,186 | ||||||
|
| |||||||
| Total United Kingdom |
| 46,405,154 | ||||||
TOTAL COMMON STOCKS (Cost: $249,705,206) |
| 252,105,302 | ||||||
| RIGHTS – 0.0% |
| |||||||
| Spain – 0.0% |
| |||||||
ACS Actividades de Construccion y Servicios S.A., expiring 7/11/19* | 5,030 | 7,905 | ||||||
Repsol S.A., expiring 7/9/19* | 35,397 | 19,663 | ||||||
TOTAL RIGHTS (Cost: $28,324) |
| 27,568 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7% |
| |||||||
| United States – 0.7% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.36%(c) | ||||||||
| (Cost: $1,699,501)(d) | 1,699,501 | 1,699,501 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.6% (Cost: $251,433,031) |
| 253,832,371 | ||||||
Other Assets less Liabilities – (0.6)% |
| (1,470,637 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 252,361,734 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at June 30, 2019 (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 annualized7-day yield as of June 30, 2019. |
| (d) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,138,822 and the total market value of the collateral held by the Fund was $3,375,789. The total market value of the collateral includesnon-cash U.S. Government securities collateral having a value of $1,676,288. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
RSP – Risparmio Italian Savings Shares
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 450,547 | AUD | 311,684 | USD | $ | 4,499 | $ | — | |||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 4,718,043 | AUD | 3,311,184 | USD | — | (176 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 393,402 | CHF | 401,181 | USD | 2,347 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 4,154,864 | CHF | 4,261,963 | USD | — | (152 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 289,069 | DKK | 43,857 | USD | 253 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 3,053,256 | DKK | 465,926 | USD | — | (23 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 950,419 | EUR | 1,076,696 | USD | 5,732 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 10,043,513 | EUR | 11,438,316 | USD | 202 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 571,417 | GBP | 725,779 | USD | 1,501 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 6,057,649 | GBP | 7,710,345 | USD | — | (376 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 45,369 | ILS | 12,534 | USD | 187 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 474,916 | ILS | 133,158 | USD | 8 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| 34 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 44,453,057 | JPY | 413,073 | USD | $ | — | $ | (443 | ) | ||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 472,748,371 | JPY | 4,388,303 | USD | — | (79 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 648,088 | NOK | 75,846 | USD | 169 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 6,870,025 | NOK | 805,757 | USD | 39 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 32,911 | NZD | 21,620 | USD | 485 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 341,957 | NZD | 229,686 | USD | — | (5 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 1,228,556 | SEK | 130,961 | USD | 1,462 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 12,906,883 | SEK | 1,391,272 | USD | — | (68 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 55,292 | SGD | 40,753 | USD | 115 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 585,757 | SGD | 432,946 | USD | 11 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 3,214,929 | USD | 4,635,956 | AUD | — | (38,472 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 4,138,069 | USD | 4,150,566 | CHF | — | (119,333 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 452,382 | USD | 3,023,487 | DKK | — | (8,978 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 11,105,807 | USD | 9,941,676 | EUR | — | (216,729 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 7,486,207 | USD | 5,930,505 | GBP | — | (61,938 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 129,287 | USD | 468,228 | ILS | — | (2,004 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 4,260,735 | USD | 461,515,145 | JPY | — | (23,218 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 782,334 | USD | 6,840,980 | NOK | — | (20,055 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 223,009 | USD | 341,898 | NZD | — | (6,632 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 1,350,828 | USD | 12,827,299 | SEK | — | (31,798 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 420,360 | USD | 578,339 | SGD | — | (7,114 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 421,696 | USD | 2,755,460 | DKK | 16 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 11,686,923 | USD | 10,234,575 | EUR | — | (631 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 7,994,592 | USD | 6,271,016 | GBP | 89 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 81,102 | USD | 288,689 | ILS | — | (10 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 5,150,924 | USD | 553,560,530 | JPY | — | (395 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 913,762 | USD | 7,782,607 | NOK | — | (72 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 216,798 | USD | 322,544 | NZD | — | (4 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 1,404,111 | USD | 12,993,865 | SEK | 47 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 514,335 | USD | 695,518 | SGD | — | (43 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/6/2019 | 3,144,303 | USD | 4,475,411 | AUD | — | (98 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/6/2019 | 2,460,345 | USD | 2,390,941 | CHF | 61 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 4,718,151 | AUD | 3,311,184 | USD | — | (101 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 4,154,915 | CHF | 4,261,963 | USD | — | (99 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 3,053,306 | DKK | 465,926 | USD | — | (16 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 10,043,495 | EUR | 11,438,316 | USD | 182 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 6,057,830 | GBP | 7,710,345 | USD | — | (146 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 474,889 | ILS | 133,158 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 472,742,227 | JPY | 4,388,303 | USD | — | (136 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 6,869,738 | NOK | 805,757 | USD | 6 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 341,956 | NZD | 229,686 | USD | — | (6 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 12,907,256 | SEK | 1,391,272 | USD | — | (28 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 585,702 | SGD | 432,946 | USD | — | (29 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 421,696 | USD | 2,755,573 | DKK | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 11,686,923 | USD | 10,234,262 | EUR | — | (273 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 7,994,592 | USD | 6,271,095 | GBP | — | (11 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 81,102 | USD | 288,683 | ILS | — | (8 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 5,150,924 | USD | 553,539,926 | JPY | — | (203 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 913,762 | USD | 7,782,463 | NOK | — | (55 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 216,798 | USD | 322,544 | NZD | — | (4 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 1,404,111 | USD | 12,994,316 | SEK | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 514,335 | USD | 695,510 | SGD | — | (36 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/6/2019 | 3,144,303 | USD | 4,475,316 | AUD | — | (31 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/6/2019 | 2,460,345 | USD | 2,390,971 | CHF | 30 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 450,543 | AUD | 311,684 | USD | 4,496 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 35 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 393,406 | CHF | 401,181 | USD | $ | 2,352 | $ | — | |||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 289,081 | DKK | 43,857 | USD | 254 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 950,412 | EUR | 1,076,696 | USD | 5,724 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 571,417 | GBP | 725,779 | USD | 1,501 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 45,379 | ILS | 12,534 | USD | 190 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 44,454,007 | JPY | 413,073 | USD | — | (435 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 647,672 | NOK | 75,846 | USD | 120 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 32,911 | NZD | 21,620 | USD | 485 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 1,228,588 | SEK | 130,961 | USD | 1,466 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 55,282 | SGD | 40,753 | USD | 108 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 3,214,929 | USD | 4,636,270 | AUD | — | (38,693 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 4,138,069 | USD | 4,151,104 | CHF | — | (119,885 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 452,382 | USD | 3,024,196 | DKK | — | (9,086 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 11,105,807 | USD | 9,942,442 | EUR | — | (217,601 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 7,486,207 | USD | 5,930,937 | GBP | — | (62,488 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 129,287 | USD | 468,265 | ILS | — | (2,014 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 4,260,735 | USD | 461,549,231 | JPY | — | (23,534 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 782,334 | USD | 6,841,159 | NOK | — | (20,076 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 223,009 | USD | 341,918 | NZD | — | (6,645 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 1,350,828 | USD | 12,828,678 | SEK | — | (31,947 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 420,360 | USD | 578,415 | SGD | — | (7,171 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 4,718,171 | AUD | 3,311,184 | USD | — | (86 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 4,154,945 | CHF | 4,261,963 | USD | — | (69 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 3,053,350 | DKK | 465,926 | USD | — | (9 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 10,044,333 | EUR | 11,438,316 | USD | 1,136 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 6,057,839 | GBP | 7,710,345 | USD | — | (134 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 474,897 | ILS | 133,158 | USD | 3 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 472,741,350 | JPY | 4,388,303 | USD | — | (144 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 6,869,546 | NOK | 805,757 | USD | — | (17 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 341,957 | NZD | 229,686 | USD | — | (5 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 12,907,288 | SEK | 1,391,272 | USD | — | (24 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 585,754 | SGD | 432,946 | USD | 9 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 3,214,929 | USD | 4,636,270 | AUD | — | (38,693 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 4,138,069 | USD | 4,150,587 | CHF | — | (119,355 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 452,382 | USD | 3,023,506 | DKK | — | (8,981 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 11,105,807 | USD | 9,941,579 | EUR | — | (216,618 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 7,486,207 | USD | 5,930,519 | GBP | — | (61,955 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 129,287 | USD | 468,240 | ILS | — | (2,007 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 4,260,735 | USD | 461,513,867 | JPY | — | (23,206 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 782,334 | USD | 6,840,757 | NOK | — | (20,029 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 223,009 | USD | 341,897 | NZD | — | (6,631 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 1,350,828 | USD | 12,827,268 | SEK | — | (31,795 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 420,360 | USD | 578,361 | SGD | — | (7,131 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 421,696 | USD | 2,755,603 | DKK | — | (6 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 11,686,923 | USD | 10,235,319 | EUR | — | (1,481 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 7,994,592 | USD | 6,271,031 | GBP | 70 | — | |||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 81,102 | USD | 288,678 | ILS | — | (7 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 5,150,924 | USD | 553,525,504 | JPY | — | (69 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 913,762 | USD | 7,782,120 | NOK | — | (14 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 216,798 | USD | 322,546 | NZD | — | (6 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 1,404,111 | USD | 12,994,401 | SEK | — | (10 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 514,335 | USD | 695,470 | SGD | — | (7 | ) | ||||||||||||||||||||
Citibank N.A. | 8/6/2019 | 3,144,303 | USD | 4,475,322 | AUD | — | (35 | ) | ||||||||||||||||||||
Citibank N.A. | 8/6/2019 | 2,460,345 | USD | 2,390,993 | CHF | 8 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 424,125 | AUD | 293,350 | USD | 4,290 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| 36 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 370,407 | CHF | 377,584 | USD | $ | 2,357 | $ | — | |||||||||||||||||||
Goldman Sachs | 7/3/2019 | 272,084 | DKK | 41,280 | USD | 238 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 894,633 | EUR | 1,013,362 | USD | 5,533 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 538,000 | GBP | 683,089 | USD | 1,659 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 42,777 | ILS | 11,798 | USD | 197 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 41,846,595 | JPY | 388,777 | USD | — | (342 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 610,063 | NOK | 71,386 | USD | 169 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 31,001 | NZD | 20,350 | USD | 472 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 1,156,934 | SEK | 123,259 | USD | 1,444 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 52,043 | SGD | 38,357 | USD | 110 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 916,718 | USD | 1,324,538 | AUD | — | (12,810 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 1,179,946 | USD | 1,157,813 | CHF | — | (7,669 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 128,994 | USD | 852,281 | DKK | — | (1,057 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 3,166,754 | USD | 2,802,544 | EUR | — | (25,052 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 2,134,647 | USD | 1,679,966 | GBP | — | (3,556 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 36,866 | USD | 132,032 | ILS | — | (156 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 1,214,923 | USD | 130,541,532 | JPY | 3,189 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 223,078 | USD | 1,912,766 | NOK | — | (1,273 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 63,590 | USD | 96,685 | NZD | — | (1,350 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 385,181 | USD | 3,626,009 | SEK | — | (5,658 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 119,863 | USD | 162,478 | SGD | — | (231 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 3,214,929 | USD | 4,636,070 | AUD | — | (38,552 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 4,138,069 | USD | 4,150,814 | CHF | — | (119,588 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 452,382 | USD | 3,023,631 | DKK | — | (9,000 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 11,105,807 | USD | 9,941,552 | EUR | — | (216,587 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 7,486,207 | USD | 5,934,087 | GBP | — | (66,497 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 129,287 | USD | 468,232 | ILS | — | (2,005 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 4,260,735 | USD | 461,527,075 | JPY | — | (23,329 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 782,334 | USD | 6,840,924 | NOK | — | (20,049 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 223,009 | USD | 341,907 | NZD | — | (6,638 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 1,350,828 | USD | 12,827,463 | SEK | — | (31,816 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 420,360 | USD | 578,331 | SGD | — | (7,108 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 3,594,832 | AUD | 2,522,810 | USD | — | (44 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 3,165,672 | CHF | 3,247,213 | USD | — | (56 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 2,326,386 | DKK | 354,995 | USD | — | (7 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 7,652,175 | EUR | 8,714,909 | USD | 123 | — | |||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 4,615,639 | GBP | 5,874,550 | USD | 78 | — | |||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 361,820 | ILS | 101,457 | USD | — | (3 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 360,186,565 | JPY | 3,343,469 | USD | — | (85 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 5,234,121 | NOK | 613,911 | USD | 7 | — | |||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 260,536 | NZD | 175,000 | USD | — | (7 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 9,834,160 | SEK | 1,060,021 | USD | — | (19 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 446,283 | SGD | 329,864 | USD | 2 | — | |||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 321,296 | USD | 2,099,503 | DKK | — | (0 | )* | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 8,904,323 | USD | 7,797,458 | EUR | — | (122 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 6,091,120 | USD | 4,778,095 | GBP | — | (157 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 61,794 | USD | 219,934 | ILS | — | (0 | )* | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 3,924,516 | USD | 421,739,870 | JPY | — | (107 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 696,202 | USD | 5,929,489 | NOK | — | (39 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 165,184 | USD | 245,754 | NZD | — | (3 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 1,069,800 | USD | 9,900,398 | SEK | 4 | — | |||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 391,877 | USD | 529,881 | SGD | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/6/2019 | 2,395,661 | USD | 3,409,728 | AUD | 4 | — | |||||||||||||||||||||
State Street Bank and Trust | 8/6/2019 | 1,874,551 | USD | 1,821,707 | CHF | 10 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 4,718,171 | AUD | 3,311,184 | USD | — | (86 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 4,154,920 | CHF | 4,261,963 | USD | — | (95 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 37 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Dynamic Currency Hedged International Equity Fund(DDWM)
June 30, 2019
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and be Purchased | Amount and be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
UBS AG | 7/3/2019 | 3,053,338 | DKK | 465,926 | USD | $ | — | $ | (11 | ) | ||||||||||||||||||
UBS AG | 7/3/2019 | 10,043,504 | EUR | 11,438,316 | USD | 192 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 6,057,663 | GBP | 7,710,345 | USD | — | (358 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 474,895 | ILS | 133,158 | USD | 2 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 472,757,148 | JPY | 4,388,303 | USD | 2 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 6,869,786 | NOK | 805,757 | USD | 11 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 341,955 | NZD | 229,686 | USD | — | (7 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 12,907,163 | SEK | 1,391,272 | USD | — | (38 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 585,748 | SGD | 432,946 | USD | 4 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 2,449,471 | USD | 3,532,174 | AUD | — | (29,323 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 458,359 | USD | 655,680 | AUD | — | (1,781 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 3,152,816 | USD | 3,162,322 | CHF | — | (90,905 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 589,973 | USD | 582,393 | CHF | — | (7,411 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 344,674 | USD | 2,303,624 | DKK | — | (6,841 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 64,497 | USD | 426,712 | DKK | — | (616 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 8,461,568 | USD | 7,574,503 | EUR | — | (165,004 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 1,583,377 | USD | 1,402,878 | EUR | — | (14,356 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 5,703,778 | USD | 4,518,417 | GBP | — | (47,108 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 1,067,324 | USD | 837,261 | GBP | 1,687 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 98,508 | USD | 356,775 | ILS | — | (1,532 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 18,433 | USD | 66,332 | ILS | — | (166 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 3,246,279 | USD | 351,626,553 | JPY | — | (17,648 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 607,462 | USD | 65,469,581 | JPY | — | (251 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 596,064 | USD | 5,212,077 | NOK | — | (15,269 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 111,539 | USD | 970,682 | NOK | — | (2,314 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 169,913 | USD | 260,495 | NZD | — | (5,053 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 31,795 | USD | 47,902 | NZD | — | (379 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 1,029,207 | USD | 9,773,235 | SEK | — | (24,228 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 192,590 | USD | 1,812,680 | SEK | — | (2,795 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 320,276 | USD | 440,659 | SGD | — | (5,433 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 59,932 | USD | 81,767 | SGD | — | (506 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 421,696 | USD | 2,755,581 | DKK | — | (3 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 11,686,923 | USD | 10,234,477 | EUR | — | (518 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 7,994,592 | USD | 6,271,124 | GBP | — | (49 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 81,102 | USD | 288,672 | ILS | — | (5 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 5,150,924 | USD | 553,539,926 | JPY | — | (203 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 913,762 | USD | 7,782,374 | NOK | — | (44 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 216,798 | USD | 322,543 | NZD | — | (3 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 1,404,111 | USD | 12,995,207 | SEK | — | (98 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 514,335 | USD | 695,601 | SGD | — | (104 | ) | ||||||||||||||||||||
UBS AG | 8/6/2019 | 3,144,303 | USD | 4,475,341 | AUD | — | (49 | ) | ||||||||||||||||||||
UBS AG | 8/6/2019 | 2,460,345 | USD | 2,391,008 | CHF | — | (8 | ) | ||||||||||||||||||||
| $ | 57,148 | $ | (2,659,701 | ) | ||||||||||||||||||||||||
| * | Amount represents less than $1. |
| CURRENCY LEGEND | ||
| AUD | Australian dollar | |
| CHF | Swiss franc | |
| DKK | Danish krone | |
| EUR | Euro | |
| GBP | British pound | |
| ILS | Israeli new shekel | |
| JPY | Japanese yen | |
| NOK | Norwegian krone | |
| NZD | New Zealand dollar | |
| SEK | Swedish krona | |
| SGD | Singapore dollar | |
| USD | U.S. dollar | |
See Notes to Financial Statements.
| 38 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund(DHDG)
June 30, 2019
| Investments | Shares | Value | ||||||
| EXCHANGE-TRADED FUND – 99.9% | ||||||||
| United States – 99.9% | ||||||||
WisdomTree International Quality Dividend Growth Fund(a) | ||||||||
| (Cost: $29,376,810) | 984,683 | $ | 28,732,853 | |||||
Other Assets less Liabilities – 0.1% |
| 16,102 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 28,748,955 | |||||
| (a) | Affiliated company (See Note 3). |
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 96,761 | AUD | 67,642 | USD | $ | 263 | $ | — | |||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 481,442 | AUD | 337,882 | USD | — | (18 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 78,758 | CHF | 79,786 | USD | 999 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 388,526 | CHF | 398,541 | USD | — | (14 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 2,531,316 | DKK | 386,278 | USD | — | (19 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 837,390 | EUR | 953,683 | USD | 17 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 812,055 | GBP | 1,033,606 | USD | — | (50 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 10,324,401 | JPY | 95,795 | USD | 40 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 51,549,499 | JPY | 478,510 | USD | — | (9 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 194,011 | NOK | 22,294 | USD | 462 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 949,492 | NOK | 111,362 | USD | 5 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 11,719 | NZD | 7,779 | USD | 92 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 57,847 | NZD | 38,855 | USD | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 553,017 | SEK | 58,757 | USD | 851 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 2,722,801 | SEK | 293,499 | USD | — | (14 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 5,274 | SGD | 3,866 | USD | 32 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 26,130 | SGD | 19,313 | USD | 0 | * | — | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 355,122 | USD | 512,089 | AUD | — | (4,250 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 418,875 | USD | 420,140 | CHF | — | (12,080 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 405,987 | USD | 2,713,407 | DKK | — | (8,058 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 1,002,341 | USD | 897,274 | EUR | — | (19,561 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 1,086,343 | USD | 860,591 | GBP | — | (8,988 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 502,924 | USD | 54,475,822 | JPY | — | (2,741 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 117,044 | USD | 1,023,470 | NOK | — | (3,000 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 40,837 | USD | 62,608 | NZD | — | (1,214 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 308,474 | USD | 2,929,232 | SEK | — | (7,261 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 20,298 | USD | 27,926 | SGD | — | (344 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 249,364 | USD | 1,629,402 | DKK | 9 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 1,374,312 | USD | 1,203,525 | EUR | — | (74 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 979,051 | USD | 767,975 | GBP | 11 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 11,242 | USD | 40,017 | ILS | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 527,629 | USD | 56,703,338 | JPY | — | (40 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 213,041 | USD | 1,814,493 | NOK | — | (17 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 16,298 | USD | 24,248 | NZD | — | (0 | )* | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 146,872 | USD | 1,359,177 | SEK | 5 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 25,352 | USD | 34,283 | SGD | — | (2 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/6/2019 | 178,234 | USD | 253,688 | AUD | — | (6 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/6/2019 | 272,156 | USD | 264,479 | CHF | 7 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 20,770 | AUD | 14,450 | USD | 126 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 481,453 | AUD | 337,882 | USD | — | (10 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 16,556 | CHF | 17,045 | USD | — | (63 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 388,531 | CHF | 398,541 | USD | — | (9 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 108,223 | DKK | 16,520 | USD | — | (6 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 39 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund(DHDG)
June 30, 2019
| 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 | |||||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 2,531,357 | DKK | 386,278 | USD | $ | — | $ | (13 | ) | ||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 35,787 | EUR | 40,786 | USD | — | (28 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 837,388 | EUR | 953,683 | USD | 15 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 34,724 | GBP | 44,205 | USD | — | (9 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 812,079 | GBP | 1,033,606 | USD | — | (20 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 2,195,806 | JPY | 20,465 | USD | — | (83 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 51,548,829 | JPY | 478,510 | USD | — | (15 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 40,436 | NOK | 4,763 | USD | — | (20 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 949,452 | NOK | 111,362 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 57,847 | NZD | 38,855 | USD | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 116,740 | SEK | 12,552 | USD | 31 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 2,722,880 | SEK | 293,499 | USD | — | (6 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 1,118 | SGD | 826 | USD | 0 | * | — | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 26,127 | SGD | 19,313 | USD | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 249,364 | USD | 1,629,469 | DKK | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 1,374,312 | USD | 1,203,488 | EUR | — | (32 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 979,051 | USD | 767,984 | GBP | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 11,242 | USD | 40,016 | ILS | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 527,629 | USD | 56,701,228 | JPY | — | (21 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 213,041 | USD | 1,814,459 | NOK | — | (13 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 16,298 | USD | 24,248 | NZD | — | (0 | )* | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 146,872 | USD | 1,359,224 | SEK | — | (0 | )* | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 25,352 | USD | 34,282 | SGD | — | (2 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/6/2019 | 178,234 | USD | 253,682 | AUD | — | (2 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/6/2019 | 272,156 | USD | 264,482 | CHF | 3 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 355,122 | USD | 512,124 | AUD | — | (4,274 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 418,875 | USD | 420,194 | CHF | — | (12,135 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 405,987 | USD | 2,714,043 | DKK | — | (8,155 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 1,002,341 | USD | 897,343 | EUR | — | (19,639 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 1,086,343 | USD | 860,654 | GBP | — | (9,068 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 502,924 | USD | 54,479,845 | JPY | — | (2,778 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 117,044 | USD | 1,023,497 | NOK | — | (3,004 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 40,837 | USD | 62,611 | NZD | — | (1,217 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 308,474 | USD | 2,929,547 | SEK | — | (7,295 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 20,298 | USD | 27,930 | SGD | — | (346 | ) | ||||||||||||||||||||
Citibank N.A. | 7/2/2019 | 27,907 | AUD | 19,587 | USD | — | (3 | ) | ||||||||||||||||||||
Citibank N.A. | 7/2/2019 | 55,279 | CHF | 56,614 | USD | 82 | — | |||||||||||||||||||||
Citibank N.A. | 7/2/2019 | 247,769 | DKK | 37,735 | USD | 70 | — | |||||||||||||||||||||
Citibank N.A. | 7/2/2019 | 80,193 | EUR | 91,162 | USD | 162 | — | |||||||||||||||||||||
Citibank N.A. | 7/2/2019 | 33,885 | GBP | 43,023 | USD | 103 | — | |||||||||||||||||||||
Citibank N.A. | 7/2/2019 | 1,419,779 | JPY | 13,169 | USD | 9 | — | |||||||||||||||||||||
Citibank N.A. | 7/2/2019 | 117,958 | NOK | 13,820 | USD | 15 | — | |||||||||||||||||||||
Citibank N.A. | 7/2/2019 | 313,282 | SEK | 33,740 | USD | 25 | — | |||||||||||||||||||||
Citibank N.A. | 7/2/2019 | 2,173 | SGD | 1,606 | USD | 0 | * | — | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 481,455 | AUD | 337,882 | USD | — | (9 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 388,534 | CHF | 398,541 | USD | — | (6 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 2,531,393 | DKK | 386,278 | USD | — | (7 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 837,458 | EUR | 953,683 | USD | 95 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 812,080 | GBP | 1,033,606 | USD | — | (18 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 51,548,733 | JPY | 478,510 | USD | — | (16 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 949,426 | NOK | 111,362 | USD | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 57,847 | NZD | 38,855 | USD | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 2,722,887 | SEK | 293,499 | USD | — | (5 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 26,130 | SGD | 19,313 | USD | 0 | * | — | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 355,122 | USD | 512,124 | AUD | — | (4,274 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| 40 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund(DHDG)
June 30, 2019
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 418,875 | USD | 420,142 | CHF | $ | — | $ | (12,082 | ) | ||||||||||||||||||
Citibank N.A. | 7/3/2019 | 405,987 | USD | 2,713,423 | DKK | — | (8,060 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 1,002,341 | USD | 897,265 | EUR | — | (19,551 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 1,086,343 | USD | 860,593 | GBP | — | (8,991 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 502,924 | USD | 54,475,671 | JPY | — | (2,739 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 117,044 | USD | 1,023,437 | NOK | — | (2,997 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 40,837 | USD | 62,608 | NZD | — | (1,214 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 308,474 | USD | 2,929,225 | SEK | — | (7,261 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 20,298 | USD | 27,927 | SGD | — | (344 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 249,364 | USD | 1,629,487 | DKK | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 1,374,312 | USD | 1,203,612 | EUR | — | (174 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 979,051 | USD | 767,977 | GBP | 9 | — | |||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 11,242 | USD | 40,015 | ILS | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 527,629 | USD | 56,699,751 | JPY | — | (7 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 213,041 | USD | 1,814,379 | NOK | — | (3 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 16,298 | USD | 24,248 | NZD | — | — | |||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 146,872 | USD | 1,359,233 | SEK | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 25,352 | USD | 34,280 | SGD | — | (0 | )* | ||||||||||||||||||||
Citibank N.A. | 8/6/2019 | 178,234 | USD | 253,682 | AUD | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 8/6/2019 | 272,156 | USD | 264,484 | CHF | 1 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 366,831 | AUD | 257,438 | USD | — | (5 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 296,036 | CHF | 303,652 | USD | 4 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 1,928,709 | DKK | 294,310 | USD | — | (4 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 638,009 | EUR | 726,616 | USD | 10 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 618,731 | GBP | 787,513 | USD | — | (14 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 39,276,276 | JPY | 364,580 | USD | — | (3 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 723,412 | NOK | 84,849 | USD | 1 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 2,509 | NZD | 1,662 | USD | 23 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 44,076 | NZD | 29,605 | USD | — | (1 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 2,074,594 | SEK | 223,619 | USD | — | (3 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/3/2019 | 19,910 | SGD | 14,716 | USD | 0 | * | — | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/5/2019 | 189,996 | USD | 1,241,529 | DKK | — | (1 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/5/2019 | 1,047,095 | USD | 916,933 | EUR | — | (13 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/5/2019 | 745,946 | USD | 585,127 | GBP | 7 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/5/2019 | 8,570 | USD | 30,503 | ILS | — | (0 | )* | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/5/2019 | 402,007 | USD | 43,200,315 | JPY | — | (6 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/5/2019 | 162,320 | USD | 1,382,431 | NOK | — | (5 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/5/2019 | 12,422 | USD | 18,482 | NZD | — | (1 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/5/2019 | 111,904 | USD | 1,035,608 | SEK | 0 | * | — | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/5/2019 | 19,319 | USD | 26,123 | SGD | — | (0 | )* | ||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/6/2019 | 135,801 | USD | 193,284 | AUD | 1 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 8/6/2019 | 207,359 | USD | 201,517 | CHF | — | (3 | ) | ||||||||||||||||||||
Royal Bank of Canada | 7/2/2019 | 8,448 | NZD | 5,674 | USD | — | (0 | )* | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 355,122 | USD | 512,102 | AUD | — | (4,258 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 418,875 | USD | 420,165 | CHF | — | (12,105 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 405,987 | USD | 2,713,536 | DKK | — | (8,077 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 1,002,341 | USD | 897,263 | EUR | — | (19,548 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 1,086,343 | USD | 861,111 | GBP | — | (9,650 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 502,924 | USD | 54,477,230 | JPY | — | (2,754 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 117,044 | USD | 1,023,462 | NOK | — | (2,999 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 40,837 | USD | 62,609 | NZD | — | (1,216 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 308,474 | USD | 2,929,269 | SEK | — | (7,265 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 20,298 | USD | 27,926 | SGD | — | (343 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 481,455 | AUD | 337,882 | USD | — | (9 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 41 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund(DHDG)
June 30, 2019
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
UBS AG | 7/3/2019 | 388,531 | CHF | 398,541 | USD | $ | — | $ | (9 | ) | ||||||||||||||||||
UBS AG | 7/3/2019 | 511,621 | DKK | 77,331 | USD | 738 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 2,531,384 | DKK | 386,278 | USD | — | (9 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 169,158 | EUR | 190,922 | USD | 1,731 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 837,389 | EUR | 953,683 | USD | 16 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 162,320 | GBP | 206,923 | USD | — | (327 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 812,057 | GBP | 1,033,606 | USD | — | (48 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 51,550,456 | JPY | 478,510 | USD | 0 | * | — | ||||||||||||||||||||
UBS AG | 7/3/2019 | 949,459 | NOK | 111,362 | USD | 2 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 57,847 | NZD | 38,855 | USD | — | (1 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 2,722,860 | SEK | 293,499 | USD | — | (8 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 26,129 | SGD | 19,313 | USD | 0 | * | — | ||||||||||||||||||||
UBS AG | 7/3/2019 | 270,570 | USD | 390,166 | AUD | — | (3,239 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 319,147 | USD | 320,109 | CHF | — | (9,202 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 309,325 | USD | 2,067,369 | DKK | — | (6,139 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 763,692 | USD | 683,631 | EUR | — | (14,892 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 827,693 | USD | 655,682 | GBP | — | (6,836 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 383,184 | USD | 41,505,264 | JPY | — | (2,083 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 89,178 | USD | 779,786 | NOK | — | (2,284 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 31,118 | USD | 47,707 | NZD | — | (925 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 235,028 | USD | 2,231,800 | SEK | — | (5,533 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 15,468 | USD | 21,282 | SGD | — | (262 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 249,364 | USD | 1,629,474 | DKK | — | (2 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 1,374,312 | USD | 1,203,513 | EUR | — | (61 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 979,051 | USD | 767,988 | GBP | — | (6 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 11,242 | USD | 40,014 | ILS | — | (1 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 527,629 | USD | 56,701,228 | JPY | — | (21 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 213,041 | USD | 1,814,438 | NOK | — | (10 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 16,298 | USD | 24,247 | NZD | — | (0 | )* | ||||||||||||||||||||
UBS AG | 8/5/2019 | 146,872 | USD | 1,359,317 | SEK | — | (10 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 25,352 | USD | 34,287 | SGD | — | (5 | ) | ||||||||||||||||||||
UBS AG | 8/6/2019 | 178,234 | USD | 253,684 | AUD | — | (3 | ) | ||||||||||||||||||||
UBS AG | 8/6/2019 | 272,156 | USD | 264,486 | CHF | — | (1 | ) | ||||||||||||||||||||
| $ | 6,073 | $ | (324,002 | ) | ||||||||||||||||||||||||
| * | Amount represents less than $1. |
| CURRENCY LEGEND | ||
| AUD | Australian dollar | |
| CHF | Swiss franc | |
| DKK | Danish krone | |
| EUR | Euro | |
| GBP | British pound | |
| ILS | Israeli new shekel | |
| JPY | Japanese yen | |
| NOK | Norwegian krone | |
| NZD | New Zealand dollar | |
| SEK | Swedish krona | |
| SGD | Singapore dollar | |
| USD | U.S. dollar | |
See Notes to Financial Statements.
| 42 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 100.2% |
| |||||||
| Australia – 10.2% |
| |||||||
Accent Group Ltd. | 30,644 | $ | 29,784 | |||||
Adairs Ltd. | 15,589 | 15,534 | ||||||
Adelaide Brighton Ltd. | 28,500 | 80,799 | ||||||
ALS Ltd. | 11,903 | 61,310 | ||||||
Altium Ltd. | 1,053 | 25,272 | ||||||
Ansell Ltd. | 3,114 | 58,674 | ||||||
AP Eagers Ltd. | 6,282 | 43,202 | ||||||
ARB Corp., Ltd. | 2,005 | 25,608 | ||||||
AUB Group Ltd. | 2,864 | 20,982 | ||||||
Ausdrill Ltd. | 18,453 | 23,633 | ||||||
Australian Pharmaceutical Industries Ltd. | 27,400 | 25,381 | ||||||
Bank of Queensland Ltd. | 20,800 | 139,104 | ||||||
Bapcor Ltd. | 6,958 | 27,246 | ||||||
Blackmores Ltd.(a) | 435 | 27,446 | ||||||
Blue Sky Alternative Investments Ltd.*†(a) | 40,539 | 0 | ||||||
Breville Group Ltd. | 2,394 | 27,485 | ||||||
Brickworks Ltd. | 3,567 | 40,776 | ||||||
carsales.com Ltd. | 6,301 | 59,826 | ||||||
Codan Ltd. | 5,635 | 13,722 | ||||||
Collins Foods Ltd.(a) | 3,222 | 18,767 | ||||||
Corporate Travel Management Ltd.(a) | 1,540 | 24,316 | ||||||
Costa Group Holdings Ltd. | 9,368 | 26,559 | ||||||
Credit Corp. Group Ltd. | 1,400 | 26,055 | ||||||
CSR Ltd. | 26,089 | 71,584 | ||||||
Dicker Data Ltd. | 7,600 | 28,693 | ||||||
Domain Holdings Australia Ltd.(a) | 7,628 | 17,022 | ||||||
Domino’s Pizza Enterprises Ltd. | 1,800 | 47,545 | ||||||
DuluxGroup Ltd. | 7,158 | 46,816 | ||||||
Elders Ltd. | 3,533 | 15,396 | ||||||
Estia Health Ltd. | 16,719 | 30,974 | ||||||
Event Hospitality and Entertainment Ltd. | 4,815 | 42,237 | ||||||
FlexiGroup Ltd. | 15,600 | 17,844 | ||||||
Freedom Foods Group Ltd. | 2,339 | 8,338 | ||||||
G8 Education Ltd. | 16,612 | 35,322 | ||||||
Genworth Mortgage Insurance Australia Ltd.(a) | 21,634 | 42,660 | ||||||
GUD Holdings Ltd. | 4,132 | 29,025 | ||||||
GWA Group Ltd. | 12,350 | 29,640 | ||||||
Hansen Technologies Ltd. | 4,421 | 12,193 | ||||||
Healius Ltd. | 15,883 | 33,661 | ||||||
HT&E Ltd.(a) | 17,155 | 21,188 | ||||||
Independence Group NL | 5,820 | 19,277 | ||||||
Ingenia Communities Group | 9,962 | 22,650 | ||||||
Inghams Group Ltd.(a) | 15,920 | 44,911 | ||||||
Integrated Research Ltd.(a) | 5,926 | 13,723 | ||||||
Invocare Ltd.(a) | 2,792 | 31,329 | ||||||
IOOF Holdings Ltd.(a) | 25,577 | 92,795 | ||||||
IPH Ltd. | 5,700 | 29,840 | ||||||
IRESS Ltd. | 5,035 | 49,219 | ||||||
JBHi-Fi Ltd.(a) | 4,478 | 81,232 | ||||||
Jupiter Mines Ltd. | 208,256 | 50,420 | ||||||
Link Administration Holdings Ltd. | 15,000 | 52,631 | ||||||
Lovisa Holdings Ltd.(a) | 2,687 | 21,420 | ||||||
| Investments | Shares | Value | ||||||
McMillan Shakespeare Ltd. | 3,785 | $ | 32,431 | |||||
Metcash Ltd. | 31,945 | 57,613 | ||||||
Mineral Resources Ltd. | 4,773 | 50,175 | ||||||
Monadelphous Group Ltd. | 2,380 | 31,416 | ||||||
MyState Ltd. | 8,082 | 25,465 | ||||||
Navigator Global Investments Ltd. | 9,513 | 26,302 | ||||||
New Hope Corp., Ltd. | 38,886 | 73,951 | ||||||
NIB Holdings Ltd. | 10,730 | 57,753 | ||||||
Nick Scali Ltd.(a) | 5,723 | 25,141 | ||||||
Nine Entertainment Co. Holdings Ltd. | 50,575 | 66,546 | ||||||
oOh!media Ltd. | 6,972 | 19,081 | ||||||
Orora Ltd. | 32,200 | 73,212 | ||||||
OZ Minerals Ltd. | 5,953 | 41,901 | ||||||
Peet Ltd. | 27,502 | 21,615 | ||||||
Pendal Group Ltd. | 16,094 | 80,752 | ||||||
Perpetual Ltd. | 2,339 | 69,332 | ||||||
Platinum Asset Management Ltd. | 27,271 | 92,816 | ||||||
Premier Investments Ltd. | 5,246 | 55,847 | ||||||
Regis Healthcare Ltd. | 19,163 | 35,367 | ||||||
Regis Resources Ltd. | 15,599 | 57,798 | ||||||
Reliance Worldwide Corp., Ltd. | 12,200 | 30,136 | ||||||
Sandfire Resources NL | 5,945 | 27,910 | ||||||
SeaLink Travel Group Ltd. | 9,273 | 24,793 | ||||||
Service Stream Ltd. | 13,494 | 26,609 | ||||||
SG Fleet Group Ltd. | 14,400 | 29,810 | ||||||
Sigma Healthcare Ltd. | 73,800 | 28,743 | ||||||
Sims Metal Management Ltd. | 7,998 | 60,953 | ||||||
SmartGroup Corp., Ltd. | 5,291 | 30,966 | ||||||
Southern Cross Media Group Ltd. | 43,166 | 37,865 | ||||||
Spark Infrastructure Group | 73,700 | 125,677 | ||||||
St Barbara Ltd. | 18,501 | 38,170 | ||||||
Steadfast Group Ltd. | 15,118 | 37,238 | ||||||
Super Retail Group Ltd. | 8,254 | 47,670 | ||||||
Tassal Group Ltd. | 7,020 | 24,139 | ||||||
Technology One Ltd. | 4,500 | 24,884 | ||||||
|
| |||||||
| Total Australia | 3,471,143 | |||||||
| Austria – 1.3% | ||||||||
EVN AG | 2,858 | 43,287 | ||||||
Oesterreichische Post AG | 3,129 | 105,296 | ||||||
Palfinger AG | 815 | 25,059 | ||||||
Porr AG(a) | 1,479 | 32,675 | ||||||
S IMMO AG | 1,854 | 40,200 | ||||||
UNIQA Insurance Group AG | 13,523 | 126,203 | ||||||
Wienerberger AG | 2,150 | 53,131 | ||||||
|
| |||||||
| Total Austria | 425,851 | |||||||
| Belgium – 1.1% | ||||||||
Bekaert S.A. | 1,525 | 40,951 | ||||||
bpost S.A. | 18,306 | 173,780 | ||||||
D’ieteren S.A./N.V. | 1,132 | 52,080 | ||||||
Econocom Group S.A./N.V. | 8,599 | 30,749 | ||||||
Euronav N.V. | 2,827 | 26,479 | ||||||
Ontex Group N.V. | 2,067 | 33,378 | ||||||
Orange Belgium S.A. | 1,000 | 19,861 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 43 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
Recticel S.A. | 1,553 | $ | 14,025 | |||||
|
| |||||||
| Total Belgium | 391,303 | |||||||
China – 2.6% |
| |||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 16,300 | 29,251 | ||||||
China Agri-Industries Holdings Ltd. | 90,000 | 28,915 | ||||||
China Overseas Grand Oceans Group Ltd. | 119,400 | 52,574 | ||||||
China Power Clean Energy Development Co., Ltd. | 28,600 | 19,695 | ||||||
China Power International Development Ltd. | 460,000 | 112,461 | ||||||
China South City Holdings Ltd. | 290,000 | 42,688 | ||||||
China Traditional Chinese Medicine Holdings Co., Ltd. | 110,000 | 53,504 | ||||||
CITIC Telecom International Holdings Ltd. | 197,678 | 78,439 | ||||||
CPMC Holdings Ltd. | 64,900 | 25,254 | ||||||
Dah Chong Hong Holdings Ltd. | 132,979 | 44,426 | ||||||
Genertec Universal Medical Group Co., Ltd.(b) | 64,300 | 51,440 | ||||||
Guotai Junan International Holdings Ltd.(a) | 268,052 | 46,319 | ||||||
Hua Hong Semiconductor Ltd.(b) | 21,500 | 41,610 | ||||||
Poly Property Group Co., Ltd. | 122,000 | 44,662 | ||||||
Shanghai Industrial Holdings Ltd. | 45,000 | 97,574 | ||||||
Shougang Fushan Resources Group Ltd. | 311,903 | 67,870 | ||||||
Xiwang Special Steel Co., Ltd. | 226,000 | 39,921 | ||||||
|
| |||||||
| Total China | 876,603 | |||||||
Denmark – 1.3% |
| |||||||
Alm Brand A/S | 6,431 | 56,862 | ||||||
DFDS A/S | 800 | 33,982 | ||||||
FLSmidth & Co. A/S | 1,400 | 63,421 | ||||||
Matas A/S | 2,934 | 31,874 | ||||||
Ringkjoebing Landbobank A/S | 512 | 33,279 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 5,397 | 62,995 | ||||||
Schouw & Co. A/S | 490 | 37,382 | ||||||
Spar Nord Bank A/S | 5,929 | 52,198 | ||||||
Sydbank A/S | 3,573 | 68,200 | ||||||
|
| |||||||
| Total Denmark | 440,193 | |||||||
Finland – 2.9% |
| |||||||
Cargotec Oyj Class B | 1,436 | 54,587 | ||||||
Citycon Oyj | 9,636 | 100,517 | ||||||
Cramo Oyj | 1,558 | 37,046 | ||||||
Finnair Oyj | 3,971 | 31,655 | ||||||
Fiskars Oyj Abp | 2,155 | 35,339 | ||||||
Kemira Oyj | 5,194 | 76,539 | ||||||
Konecranes Oyj | 2,250 | 86,017 | ||||||
Lassila & Tikanoja Oyj | 2,002 | 32,739 | ||||||
Lehto Group Oyj | 6,310 | 18,971 | ||||||
Metsa Board Oyj | 15,878 | 85,383 | ||||||
Oriola Oyj Class B | 6,782 | 15,485 | ||||||
Outokumpu Oyj | 17,462 | 59,657 | ||||||
Raisio Oyj Class V | 6,390 | 21,140 | ||||||
Ramirent Oyj | 4,170 | 42,454 | ||||||
Sanoma Oyj | 3,629 | 35,066 | ||||||
Terveystalo Oyj*(b) | 2,719 | 28,332 | ||||||
Tieto Oyj | 3,136 | 93,068 | ||||||
Tokmanni Group Corp. | 3,532 | 32,258 | ||||||
Uponor Oyj | 3,250 | 35,327 | ||||||
| Investments | Shares | Value | ||||||
YIT Oyj(a) | 8,624 | $ | 53,132 | |||||
|
| |||||||
| Total Finland | 974,712 | |||||||
France – 3.3% |
| |||||||
Beneteau S.A. | 2,014 | 22,190 | ||||||
Chargeurs S.A. | 1,168 | 23,197 | ||||||
Coface S.A. | 10,051 | 101,527 | ||||||
Derichebourg S.A. | 6,842 | 26,336 | ||||||
Elior Group S.A.(b) | 4,129 | 56,848 | ||||||
Europcar Mobility Group(b) | 3,650 | 26,041 | ||||||
Interparfums S.A. | 680 | 32,640 | ||||||
IPSOS(a) | 1,529 | 40,396 | ||||||
Jacquet Metal Service S.A. | 1,200 | 24,598 | ||||||
Kaufman & Broad S.A. | 1,078 | 41,297 | ||||||
Maisons du Monde S.A.(b) | 1,095 | 26,137 | ||||||
Manitou BF S.A. | 816 | 25,229 | ||||||
Metropole Television S.A. | 5,888 | 111,643 | ||||||
Neopost S.A. | 1,451 | 31,065 | ||||||
Nexity S.A. | 2,623 | 113,509 | ||||||
Rallye S.A.(a) | 2,900 | 23,184 | ||||||
Rothschild & Co. | 1,566 | 50,826 | ||||||
Sopra Steria Group | 400 | 46,691 | ||||||
SPIE S.A. | 4,488 | 83,462 | ||||||
Tarkett S.A. | 1,574 | 36,925 | ||||||
Television Francaise 1 | 6,939 | 73,174 | ||||||
Trigano S.A. | 450 | 41,099 | ||||||
Vicat S.A. | 1,054 | 52,453 | ||||||
|
| |||||||
| Total France | 1,110,467 | |||||||
Georgia – 0.1% |
| |||||||
Bank of Georgia Group PLC | 1,773 | 33,802 | ||||||
Germany – 4.6% |
| |||||||
Aareal Bank AG | 3,561 | 93,961 | ||||||
alstria officeREIT-AG | 5,181 | 84,018 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA | 969 | 46,082 | ||||||
Aurubis AG | 1,350 | 65,846 | ||||||
Bilfinger SE | 1,334 | 43,235 | ||||||
CANCOM SE | 482 | 25,645 | ||||||
CropEnergies AG | 4,097 | 28,880 | ||||||
Dermapharm Holding SE | 1,100 | 37,956 | ||||||
Deutsche Pfandbriefbank AG(b) | 8,140 | 98,075 | ||||||
Deutz AG | 2,199 | 21,461 | ||||||
DIC Asset AG | 1,921 | 22,183 | ||||||
Duerr AG | 1,549 | �� | 52,867 | |||||
Encavis AG | 5,410 | 42,264 | ||||||
Freenet AG | 8,650 | 173,322 | ||||||
Gerresheimer AG | 508 | 37,459 | ||||||
Hamburger Hafen und Logistik AG | 1,669 | 44,171 | ||||||
Indus Holding AG | 569 | 25,595 | ||||||
Jenoptik AG | 644 | 20,865 | ||||||
JOST Werke AG(b) | 600 | 21,045 | ||||||
Kloeckner & Co. SE | 4,820 | 28,900 | ||||||
Koenig & Bauer AG | 500 | 20,646 | ||||||
Krones AG | 550 | 44,439 | ||||||
MLP SE | 5,528 | 26,125 | ||||||
See Notes to Financial Statements.
| 44 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
NORMA Group SE | 789 | $ | 32,742 | |||||
PATRIZIA AG | 1,000 | 20,726 | ||||||
Pfeiffer Vacuum Technology AG | 156 | 22,917 | ||||||
RHOEN-KLINIKUM AG | 1,000 | 30,634 | ||||||
Salzgitter AG | 1,250 | 35,844 | ||||||
Siltronic AG | 2,000 | 146,313 | ||||||
Software AG | 1,300 | 44,709 | ||||||
Takkt AG | 2,178 | 31,748 | ||||||
Wacker Neuson SE | 1,378 | 34,712 | ||||||
Wuestenrot & Wuerttembergische AG | 2,192 | 47,229 | ||||||
|
| |||||||
| Total Germany | 1,552,614 | |||||||
| Hong Kong – 0.6% | ||||||||
Dah Sing Banking Group Ltd. | 27,200 | 49,091 | ||||||
Dah Sing Financial Holdings Ltd. | 10,000 | 46,720 | ||||||
Hongkong & Shanghai Hotels Ltd. (The) | 23,500 | 30,621 | ||||||
Kowloon Development Co., Ltd. | 25,000 | 32,896 | ||||||
Television Broadcasts Ltd. | 29,400 | 49,147 | ||||||
|
| |||||||
| Total Hong Kong | 208,475 | |||||||
| Ireland – 0.7% | ||||||||
C&C Group PLC | 10,813 | 48,147 | ||||||
Grafton Group PLC | 3,819 | 39,175 | ||||||
Greencore Group PLC | 14,379 | 40,078 | ||||||
Hibernia REIT PLC | 14,145 | 23,357 | ||||||
Irish Continental Group PLC | 5,287 | 26,251 | ||||||
Origin Enterprises PLC | 3,000 | 17,492 | ||||||
UDG Healthcare PLC | 3,600 | 36,608 | ||||||
|
| |||||||
| Total Ireland | 231,108 | |||||||
| Israel – 2.3% | ||||||||
Ashtrom Group Ltd. | 3,300 | 25,435 | ||||||
Ashtrom Properties Ltd. | 5,526 | 29,903 | ||||||
Delek Automotive Systems Ltd. | 5,878 | 26,979 | ||||||
Delek Group Ltd. | 605 | 103,882 | ||||||
First International Bank of Israel Ltd. | 3,072 | 77,701 | ||||||
Fox Wizel Ltd. | 864 | 24,734 | ||||||
Gazit-Globe Ltd. | 5,400 | 44,604 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 6,476 | 48,535 | ||||||
Hilan Ltd. | 781 | 25,402 | ||||||
Inrom Construction Industries Ltd. | 7,740 | 27,149 | ||||||
Magic Software Enterprises Ltd. | 1,970 | 17,869 | ||||||
Matrix IT Ltd. | 2,154 | 31,013 | ||||||
Maytronics Ltd. | 3,002 | 20,645 | ||||||
Menora Mivtachim Holdings Ltd. | 1,248 | 18,966 | ||||||
Naphtha Israel Petroleum Corp., Ltd. | 4,800 | 31,371 | ||||||
OPC Energy Ltd. | 2,174 | 17,269 | ||||||
Paz Oil Co., Ltd. | 453 | 63,685 | ||||||
Phoenix Holdings Ltd. (The) | 12,179 | 73,691 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 487 | 25,398 | ||||||
Shapir Engineering and Industry Ltd. | 4,507 | 16,516 | ||||||
Shufersal Ltd. | 5,702 | 37,970 | ||||||
|
| |||||||
| Total Israel | 788,717 | |||||||
| Italy – 4.1% | ||||||||
Anima Holding SpA(b) | 17,603 | 59,898 | ||||||
| Investments | Shares | Value | ||||||
Aquafil SpA | 1,412 | $ | 13,330 | |||||
Ascopiave SpA | 8,669 | 37,317 | ||||||
ASTM SpA | 1,500 | 48,513 | ||||||
Autogrill SpA | 3,600 | 37,779 | ||||||
Azimut Holding SpA(a) | 7,990 | 154,046 | ||||||
Banca Farmafactoring SpA(b) | 13,530 | 75,499 | ||||||
Banca IFIS SpA | 3,900 | 52,719 | ||||||
Banca Popolare di Sondrio SCPA | 9,641 | 21,398 | ||||||
Banca Sistema SpA(b) | 14,630 | 19,793 | ||||||
BPER Banca | 13,265 | 54,125 | ||||||
Brunello Cucinelli SpA | 603 | 20,367 | ||||||
Cairo Communication SpA | 7,681 | 23,092 | ||||||
Cerved Group SpA | 6,050 | 53,706 | ||||||
Credito Emiliano SpA | 9,419 | 45,426 | ||||||
Datalogic SpA | 1,461 | 28,983 | ||||||
doValue SpA(b) | 2,731 | 36,326 | ||||||
El.En. SpA | 844 | 17,579 | ||||||
Falck Renewables SpA | 4,733 | 19,900 | ||||||
Fincantieri SpA | 13,284 | 14,901 | ||||||
Gamenet Group SpA(b) | 2,596 | 23,444 | ||||||
Gima TT SpA(b) | 3,634 | 33,707 | ||||||
Gruppo MutuiOnline SpA | 946 | 16,871 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 7,352 | 48,560 | ||||||
Maire Tecnimont SpA | 11,031 | 35,777 | ||||||
MARR SpA | 2,036 | 46,488 | ||||||
Piaggio & C. SpA | 11,000 | 32,344 | ||||||
RAI Way SpA(b) | 6,767 | 40,535 | ||||||
Reply SpA | 271 | 18,501 | ||||||
Rizzoli Corriere Della Sera Mediagroup SpA | 29,247 | 31,042 | ||||||
Saras SpA | 45,320 | 68,332 | ||||||
Societa Cattolica di Assicurazioni SC | 6,387 | 57,206 | ||||||
Technogym SpA(b) | 2,544 | 28,363 | ||||||
Tod’s SpA | 500 | 23,380 | ||||||
Unieuro SpA(b) | 1,506 | 24,148 | ||||||
Zignago Vetro SpA | 3,091 | 37,453 | ||||||
|
| |||||||
| Total Italy | 1,400,848 | |||||||
| Japan – 25.3% | ||||||||
77 Bank Ltd. (The) | 1,535 | 22,582 | ||||||
ADEKA Corp. | 1,900 | 28,075 | ||||||
Aeon Delight Co., Ltd. | 700 | 20,693 | ||||||
Ai Holdings Corp.(a) | 1,400 | 22,610 | ||||||
Aica Kogyo Co., Ltd. | 1,000 | 33,414 | ||||||
Aichi Corp. | 2,800 | 18,088 | ||||||
Alpen Co., Ltd.(a) | 1,600 | 22,647 | ||||||
Amano Corp. | 1,300 | 35,872 | ||||||
Anest Iwata Corp. | 2,300 | 20,472 | ||||||
Anritsu Corp.(a) | 1,100 | 19,123 | ||||||
AOKI Holdings, Inc.(a) | 3,100 | 30,701 | ||||||
Aomori Bank Ltd. (The) | 848 | 20,779 | ||||||
Aoyama Trading Co., Ltd. | 1,500 | 29,404 | ||||||
Arcs Co., Ltd. | 1,100 | 21,931 | ||||||
Ariake Japan Co., Ltd. | 300 | 18,934 | ||||||
As One Corp. | 335 | 27,829 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 45 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
Asahi Holdings, Inc. | 1,100 | $ | 22,329 | |||||
Asics Corp. | 2,100 | 22,746 | ||||||
Autobacs Seven Co., Ltd. | 1,600 | 26,404 | ||||||
Awa Bank Ltd. (The) | 770 | 18,439 | ||||||
Axial Retailing, Inc. | 600 | 20,633 | ||||||
Bank of Nagoya Ltd. (The) | 749 | 23,602 | ||||||
Bank of Okinawa Ltd. (The) | 642 | 19,545 | ||||||
Bell System24 Holdings, Inc. | 1,401 | 19,349 | ||||||
Benesse Holdings, Inc. | 1,300 | 30,262 | ||||||
Bic Camera, Inc. | 2,400 | 23,568 | ||||||
C.I. Takiron Corp. | 3,700 | 23,112 | ||||||
Central Glass Co., Ltd. | 1,000 | 22,202 | ||||||
Chugoku Bank Ltd. (The) | 2,900 | 25,571 | ||||||
Citizen Watch Co., Ltd. | 7,100 | 36,442 | ||||||
Cosel Co., Ltd. | 2,300 | 24,528 | ||||||
Cosmo Energy Holdings Co., Ltd. | 1,719 | 38,723 | ||||||
Credit Saison Co., Ltd. | 3,600 | 42,135 | ||||||
Dai Nippon Toryo Co., Ltd. | 3,300 | 31,854 | ||||||
Daibiru Corp. | 2,600 | 24,180 | ||||||
Daido Steel Co., Ltd. | 800 | 30,332 | ||||||
Daihen Corp. | 637 | 18,269 | ||||||
Daiichikosho Co., Ltd. | 800 | 37,201 | ||||||
Daikyonishikawa Corp. | 2,800 | 22,220 | ||||||
Daishi Hokuetsu Financial Group, Inc. | 1,100 | 28,159 | ||||||
Daiwabo Holdings Co., Ltd. | 500 | 23,807 | ||||||
Denka Co., Ltd. | 1,700 | 50,413 | ||||||
Denyo Co., Ltd. | 1,795 | 24,174 | ||||||
DIC Corp. | 2,000 | 52,794 | ||||||
Dip Corp. | 1,141 | 19,084 | ||||||
DMG Mori Co., Ltd.(a) | 2,200 | 35,224 | ||||||
Doshisha Co., Ltd. | 1,300 | 20,536 | ||||||
Eagle Industry Co., Ltd. | 2,700 | 26,338 | ||||||
Ebara Corp. | 1,100 | 29,853 | ||||||
Eidai Co., Ltd. | 6,200 | 18,875 | ||||||
en-japan, Inc. | 600 | 23,362 | ||||||
EPS Holdings, Inc. | 1,500 | 23,278 | ||||||
Exedy Corp. | 1,430 | 29,943 | ||||||
FCC Co., Ltd. | 900 | 18,820 | ||||||
Financial Products Group Co., Ltd. | 3,500 | 28,912 | ||||||
FP Corp. | 359 | 21,925 | ||||||
Fuji Corp., Ltd. | 4,100 | 27,666 | ||||||
Fuji Oil Holdings, Inc. | 800 | 24,132 | ||||||
Fujikura Ltd. | 6,600 | 24,810 | ||||||
Fujitec Co., Ltd. | 1,900 | 24,830 | ||||||
Fujitsu General Ltd. | 1,249 | 19,847 | ||||||
Furukawa Co., Ltd. | 1,600 | 20,731 | ||||||
Furukawa Electric Co., Ltd. | 1,100 | 32,212 | ||||||
Fuso Chemical Co., Ltd. | 1,100 | 21,849 | ||||||
Fuyo General Lease Co., Ltd. | 600 | 34,138 | ||||||
Glory Ltd. | 900 | 23,757 | ||||||
GMO Financial Holdings, Inc.(a) | 3,700 | 21,807 | ||||||
GMO Internet, Inc. | 1,200 | 21,741 | ||||||
Goldcrest Co., Ltd. | 1,100 | 19,378 | ||||||
GS Yuasa Corp. | 1,251 | 24,128 | ||||||
| Investments | Shares | Value | ||||||
Gunma Bank Ltd. (The) | 8,787 | $ | 30,747 | |||||
H2O Retailing Corp. | 2,100 | 24,208 | ||||||
Hachijuni Bank Ltd. (The) | 8,600 | 35,042 | ||||||
Hakudo Co., Ltd. | 2,100 | 26,469 | ||||||
Hakuto Co., Ltd. | 3,400 | 38,121 | ||||||
Hanwa Co., Ltd. | 1,239 | 33,131 | ||||||
Hazama Ando Corp. | 4,100 | 27,399 | ||||||
Heiwa Corp.(a) | 1,849 | 37,979 | ||||||
Heiwa Real Estate Co., Ltd. | 900 | 18,386 | ||||||
Hokkoku Bank Ltd. (The) | 700 | 19,686 | ||||||
Hokuetsu Corp. | 3,300 | 17,796 | ||||||
Hokuhoku Financial Group, Inc. | 2,806 | 29,169 | ||||||
Horiba Ltd. | 700 | 36,124 | ||||||
Hyakugo Bank Ltd. (The) | 6,500 | 20,090 | ||||||
Hyakujushi Bank Ltd. (The) | 1,067 | 21,352 | ||||||
Ibiden Co., Ltd. | 1,610 | 28,183 | ||||||
Ichibanya Co., Ltd.(a) | 500 | 22,229 | ||||||
Ichigo, Inc. | 7,900 | 23,171 | ||||||
Ichiyoshi Securities Co., Ltd. | 5,300 | 35,812 | ||||||
Imasen Electric Industrial | 4,000 | 34,231 | ||||||
Inaba Denki Sangyo Co., Ltd. | 600 | 25,172 | ||||||
Inabata & Co., Ltd. | 1,800 | 23,039 | ||||||
Inageya Co., Ltd. | 1,600 | 19,855 | ||||||
Information Services International-Dentsu Ltd. | 600 | 19,129 | ||||||
Itochu Enex Co., Ltd. | 3,600 | 28,836 | ||||||
Itoham Yonekyu Holdings, Inc. | 4,300 | 29,295 | ||||||
Iyo Bank Ltd. (The) | 4,900 | 24,741 | ||||||
JAC Recruitment Co., Ltd. | 800 | 18,853 | ||||||
Japan Aviation Electronics Industry Ltd. | 1,700 | 24,946 | ||||||
Japan Lifeline Co., Ltd. | 1,200 | 19,413 | ||||||
Japan Steel Works Ltd. (The) | 1,500 | 25,046 | ||||||
Japan Wool Textile Co., Ltd. (The) | 2,984 | 23,293 | ||||||
Joshin Denki Co., Ltd. | 946 | 18,650 | ||||||
Juroku Bank Ltd. (The) | 1,100 | 22,400 | ||||||
K’s Holdings Corp. | 3,490 | 32,943 | ||||||
Kaken Pharmaceutical Co., Ltd. | 900 | 42,101 | ||||||
Kandenko Co., Ltd. | 2,878 | 24,041 | ||||||
Kaneka Corp. | 1,000 | 37,590 | ||||||
Kanematsu Corp. | 2,500 | 27,706 | ||||||
Kanematsu Electronics Ltd. | 900 | 24,902 | ||||||
Kansai Mirai Financial Group, Inc. | 6,500 | 41,628 | ||||||
Kasai Kogyo Co., Ltd. | 4,705 | 34,587 | ||||||
Kato Sangyo Co., Ltd. | 648 | 19,667 | ||||||
Keiyo Bank Ltd. (The) | 4,001 | 23,395 | ||||||
Keiyo Co., Ltd. | 6,400 | 27,503 | ||||||
King Jim Co., Ltd. | 5,500 | 41,605 | ||||||
Kintetsu World Express, Inc. | 1,700 | 22,169 | ||||||
Kitz Corp. | 2,700 | 18,895 | ||||||
Kiyo Bank Ltd. (The) | 1,400 | 17,828 | ||||||
Kobe Steel Ltd. | 6,000 | 39,261 | ||||||
Koei Tecmo Holdings Co., Ltd. | 2,360 | 43,919 | ||||||
Kohnan Shoji Co., Ltd. | 800 | 16,633 | ||||||
Kokuyo Co., Ltd. | 1,800 | 25,194 | ||||||
KOMEDA Holdings Co., Ltd. | 1,800 | 33,932 | ||||||
See Notes to Financial Statements.
| 46 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
Kondotec, Inc. | 4,000 | $ | 34,156 | |||||
Konishi Co., Ltd. | 1,400 | 20,791 | ||||||
Kumagai Gumi Co., Ltd. | 800 | 23,650 | ||||||
Kurabo Industries Ltd. | 1,363 | 24,290 | ||||||
Kureha Corp. | 300 | 20,466 | ||||||
KYORIN Holdings, Inc. | 1,873 | 33,170 | ||||||
Kyowa Exeo Corp. | 1,500 | 37,340 | ||||||
Kyudenko Corp. | 1,100 | 33,029 | ||||||
Kyushu Financial Group, Inc. | 6,700 | 26,492 | ||||||
Life Corp. | 866 | 17,410 | ||||||
Lintec Corp. | 1,700 | 32,408 | ||||||
Mabuchi Motor Co., Ltd.(a) | 1,400 | 47,884 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 1,500 | 19,839 | ||||||
Maeda Corp. | 2,700 | 21,602 | ||||||
Maeda Road Construction Co., Ltd. | 1,642 | 34,550 | ||||||
Makino Milling Machine Co., Ltd. | 600 | 24,197 | ||||||
Mandom Corp. | 842 | 20,382 | ||||||
Marusan Securities Co., Ltd. | 6,100 | 31,649 | ||||||
Matsui Securities Co., Ltd. | 9,800 | 92,415 | ||||||
Maxell Holdings Ltd. | 1,100 | 15,039 | ||||||
Meitec Corp. | 700 | 35,929 | ||||||
Miraca Holdings, Inc. | 1,500 | 34,110 | ||||||
Mirait Holdings Corp. | 1,500 | 22,206 | ||||||
Mitsubishi Logistics Corp. | 800 | 22,009 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 900 | 23,615 | ||||||
Mitsuboshi Belting Ltd. | 1,100 | 19,419 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 1,000 | 23,909 | ||||||
Mitsui OSK Lines Ltd. | 1,300 | 31,118 | ||||||
Mitsui Sugar Co., Ltd. | 700 | 14,476 | ||||||
Mixi, Inc. | 2,400 | 48,138 | ||||||
Mochida Pharmaceutical Co., Ltd. | 700 | 29,789 | ||||||
Modec, Inc. | 800 | 22,573 | ||||||
Morinaga & Co., Ltd. | 400 | 19,491 | ||||||
Morinaga Milk Industry Co., Ltd. | 500 | 19,793 | ||||||
Morita Holdings Corp. | 1,100 | 19,245 | ||||||
Morito Co., Ltd. | 4,100 | 30,025 | ||||||
Morningstar Japan K.K. | 3,897 | 12,045 | ||||||
MOS Food Services, Inc. | 1,000 | 21,914 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 1,600 | 20,568 | ||||||
Musashino Bank Ltd. (The) | 1,200 | 22,655 | ||||||
Nagaileben Co., Ltd. | 900 | 19,739 | ||||||
Nagase & Co., Ltd. | 2,100 | 31,479 | ||||||
Nakanishi, Inc. | 1,117 | 20,517 | ||||||
NEC Capital Solutions Ltd. | 2,100 | 34,831 | ||||||
NEC Networks & System Integration Corp. | 1,000 | 25,515 | ||||||
NET One Systems Co., Ltd. | 700 | 19,264 | ||||||
NHK Spring Co., Ltd. | 3,800 | 29,345 | ||||||
Nichias Corp. | 1,674 | 30,096 | ||||||
Nichiden Corp. | 1,600 | 27,771 | ||||||
NichiiGakkan Co., Ltd. | 1,200 | 17,487 | ||||||
Nihon Kohden Corp. | 900 | 24,375 | ||||||
Nihon Parkerizing Co., Ltd. | 1,940 | 21,500 | ||||||
Nippo Corp. | 1,100 | 21,675 | ||||||
Nippon Coke & Engineering Co., Ltd. | 45,800 | 38,684 | ||||||
| Investments | Shares | Value | ||||||
Nippon Electric Glass Co., Ltd.(a) | 1,900 | $ | 48,126 | |||||
Nippon Flour Mills Co., Ltd. | 1,381 | 22,072 | ||||||
Nippon Gas Co., Ltd. | 700 | 17,796 | ||||||
Nippon Kayaku Co., Ltd. | 2,100 | 25,280 | ||||||
Nippon Paper Industries Co., Ltd. | 1,300 | 23,022 | ||||||
Nippon Parking Development Co., Ltd. | 16,091 | 25,390 | ||||||
Nippon Sheet Glass Co., Ltd. | 3,700 | 25,173 | ||||||
Nippon Shokubai Co., Ltd. | 500 | 33,043 | ||||||
Nippon Signal Co., Ltd. | 2,200 | 25,545 | ||||||
Nippon Steel Trading Corp. | 800 | 32,968 | ||||||
Nipro Corp. | 2,400 | 26,620 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 3,600 | 25,896 | ||||||
Nishimatsu Construction Co., Ltd. | 1,450 | 27,953 | ||||||
Nisshin Oillio Group Ltd. (The) | 542 | 15,167 | ||||||
Nisshinbo Holdings, Inc. | 3,450 | 26,354 | ||||||
Nissin Electric Co., Ltd. | 1,800 | 19,647 | ||||||
Nissin Kogyo Co., Ltd. | 2,000 | 27,492 | ||||||
Nitta Corp. | 756 | 21,331 | ||||||
Noevir Holdings Co., Ltd. | 573 | 31,325 | ||||||
NOK Corp. | 2,800 | 41,945 | ||||||
Nomura Co., Ltd. | 1,558 | 19,450 | ||||||
Noritz Corp. | 1,800 | 21,535 | ||||||
North Pacific Bank Ltd. | 10,300 | 24,474 | ||||||
NS United Kaiun Kaisha Ltd. | 1,100 | 22,604 | ||||||
NSD Co., Ltd. | 900 | 26,021 | ||||||
NTN Corp. | 12,824 | 38,089 | ||||||
NuFlare Technology, Inc. | 300 | 18,461 | ||||||
Obara Group, Inc. | 627 | 21,212 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 1,000 | 21,951 | ||||||
Ohsho Food Service Corp. | 472 | 27,644 | ||||||
Oiles Corp. | 1,400 | 20,492 | ||||||
Okamoto Industries, Inc. | 500 | 22,461 | ||||||
Okamura Corp. | 2,400 | 23,947 | ||||||
Oki Electric Industry Co., Ltd. | 2,100 | 26,216 | ||||||
Okumura Corp. | 1,090 | 33,335 | ||||||
Open House Co., Ltd. | 700 | 28,652 | ||||||
OSG Corp. | 1,400 | 27,600 | ||||||
Outsourcing, Inc. | 1,600 | 19,395 | ||||||
PAL GROUP Holdings Co., Ltd. | 545 | 16,465 | ||||||
Paramount Bed Holdings Co., Ltd. | 500 | 19,027 | ||||||
Parco Co., Ltd. | 1,900 | 19,081 | ||||||
Penta-Ocean Construction Co., Ltd. | 5,700 | 27,934 | ||||||
Prima Meat Packers Ltd. | 957 | 18,245 | ||||||
Raito Kogyo Co., Ltd. | 1,200 | 15,315 | ||||||
Relia, Inc. | 2,000 | 23,427 | ||||||
Rengo Co., Ltd. | 2,650 | 21,276 | ||||||
Resorttrust, Inc. | 1,800 | 27,550 | ||||||
Restar Holdings Corp. | 1,554 | 22,429 | ||||||
Riso Kagaku Corp. | 1,500 | 23,891 | ||||||
Ryosan Co., Ltd. | 1,400 | 32,694 | ||||||
Sac’s Bar Holdings, Inc. | 2,400 | 21,830 | ||||||
San ju San Financial Group, Inc. | 1,700 | 23,368 | ||||||
San-In Godo Bank Ltd. (The) | 3,900 | 24,977 | ||||||
Sanwa Holdings Corp. | 3,200 | 34,394 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 47 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
Sanyo Chemical Industries Ltd. | 400 | $ | 21,088 | |||||
Sapporo Holdings Ltd. | 1,100 | 23,166 | ||||||
Sawai Pharmaceutical Co., Ltd. | 700 | 37,813 | ||||||
SCREEN Holdings Co., Ltd. | 800 | 33,377 | ||||||
Seika Corp. | 2,700 | 32,679 | ||||||
Seiko Holdings Corp. | 1,100 | 22,380 | ||||||
Seino Holdings Co., Ltd. | 2,400 | 31,966 | ||||||
Seiren Co., Ltd. | 1,300 | 18,099 | ||||||
Senko Group Holdings Co., Ltd. | 2,880 | 22,748 | ||||||
Senshu Ikeda Holdings, Inc. | 12,300 | 22,719 | ||||||
Seria Co., Ltd. | 900 | 20,792 | ||||||
Shikoku Bank Ltd. (The) | 2,800 | 23,442 | ||||||
Shikoku Chemicals Corp. | 1,512 | 15,802 | ||||||
Shikoku Electric Power Co., Inc. | 3,400 | 31,431 | ||||||
Shimachu Co., Ltd. | 1,053 | 24,483 | ||||||
Shinko Electric Industries Co., Ltd. | 3,000 | 25,394 | ||||||
Shinmaywa Industries Ltd. | 1,800 | 22,888 | ||||||
Ship Healthcare Holdings, Inc. | 600 | 25,896 | ||||||
SHO-BOND Holdings Co., Ltd. | 600 | 21,162 | ||||||
Showa Corp. | 1,600 | 21,563 | ||||||
SKY Perfect JSAT Holdings, Inc. | 8,900 | 34,695 | ||||||
Sotetsu Holdings, Inc. | 1,100 | 30,313 | ||||||
Space Co., Ltd. | 2,500 | 27,195 | ||||||
Sparx Group Co., Ltd. | 9,700 | 20,437 | ||||||
SRA Holdings | 1,200 | 29,215 | ||||||
Starts Corp., Inc. | 1,000 | 23,575 | ||||||
Sumitomo Bakelite Co., Ltd. | 700 | 24,981 | ||||||
Sumitomo Densetsu Co., Ltd. | 1,000 | 15,872 | ||||||
Sumitomo Forestry Co., Ltd.(a) | 3,100 | 37,146 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 3,913 | 21,682 | ||||||
Sumitomo Osaka Cement Co., Ltd. | 600 | 23,835 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 625 | 19,056 | ||||||
T-Gaia Corp. | 1,800 | 34,032 | ||||||
T. RAD Co., Ltd. | 1,700 | 30,027 | ||||||
Tachibana Eletech Co., Ltd. | 2,000 | 31,168 | ||||||
Tadano Ltd. | 2,100 | 21,889 | ||||||
Taikisha Ltd. | 600 | 18,155 | ||||||
Taiyo Holdings Co., Ltd. | 700 | 21,116 | ||||||
Takara Holdings, Inc. | 2,000 | 20,921 | ||||||
Takara Standard Co., Ltd. | 1,300 | 20,573 | ||||||
Takasago Thermal Engineering Co., Ltd. | 1,500 | 24,726 | ||||||
Takeuchi Manufacturing Co., Ltd. | 1,453 | 25,961 | ||||||
Tamron Co., Ltd. | 1,000 | 20,466 | ||||||
Tanseisha Co., Ltd. | 1,700 | 19,739 | ||||||
TechnoPro Holdings, Inc. | 573 | 30,421 | ||||||
Tekken Corp. | 900 | 24,952 | ||||||
THK Co., Ltd. | 2,500 | 59,750 | ||||||
Toagosei Co., Ltd. | 2,400 | 25,216 | ||||||
Tochigi Bank Ltd. (The) | 13,900 | 22,319 | ||||||
Toda Corp. | 5,904 | 32,660 | ||||||
Toho Bank Ltd. (The) | 8,814 | 20,943 | ||||||
Tokai Carbon Co., Ltd. | 2,700 | 28,168 | ||||||
TOKAI Holdings Corp. | 2,500 | 21,139 | ||||||
Tokai Rika Co., Ltd. | 1,800 | 29,688 | ||||||
| Investments | Shares | Value | ||||||
Tokai Tokyo Financial Holdings, Inc. | 9,118 | $ | 27,843 | |||||
Tokuyama Corp. | 1,000 | 27,028 | ||||||
Tokyo Electron Device Ltd. | 2,000 | 35,159 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 800 | 24,986 | ||||||
Tokyo Seimitsu Co., Ltd. | 1,300 | 33,411 | ||||||
Tokyo Tatemono Co., Ltd. | 3,200 | 35,552 | ||||||
Tokyu Construction Co., Ltd. | 3,400 | 22,974 | ||||||
Topcon Corp. | 1,600 | 20,019 | ||||||
Toppan Forms Co., Ltd. | 2,700 | 21,226 | ||||||
Topy Industries Ltd. | 900 | 21,109 | ||||||
Toshiba Plant Systems & Services Corp. | 1,200 | 22,554 | ||||||
Toshiba TEC Corp. | 900 | 25,052 | ||||||
Totetsu Kogyo Co., Ltd. | 745 | 20,247 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 1,328 | 28,683 | ||||||
Toyo Tire Corp. | 2,100 | 27,619 | ||||||
Toyoda Gosei Co., Ltd. | 2,000 | 39,001 | ||||||
Toyota Boshoku Corp. | 3,600 | 47,247 | ||||||
TS Tech Co., Ltd. | 1,200 | 32,668 | ||||||
Tsubaki Nakashima Co., Ltd.(a) | 1,493 | 24,431 | ||||||
Tsubakimoto Chain Co. | 856 | 27,927 | ||||||
Tsumura & Co. | 1,113 | 31,043 | ||||||
UACJ Corp. | 1,200 | 20,449 | ||||||
Ube Industries Ltd. | 2,100 | 43,544 | ||||||
Ulvac, Inc. | 900 | 28,527 | ||||||
Unipres Corp. | 1,200 | 19,714 | ||||||
United Arrows Ltd. | 500 | 15,616 | ||||||
Universal Entertainment Corp.(a) | 700 | 20,888 | ||||||
Unizo Holdings Co., Ltd. | 1,200 | 20,538 | ||||||
Valor Holdings Co., Ltd. | 900 | 18,678 | ||||||
Vital KSK Holdings, Inc. | 1,800 | 17,041 | ||||||
VT Holdings Co., Ltd. | 6,100 | 23,779 | ||||||
Wacoal Holdings Corp. | 1,234 | 32,035 | ||||||
Wowow, Inc. | 1,100 | 27,097 | ||||||
Xebio Holdings Co., Ltd. | 1,600 | 18,192 | ||||||
Yahagi Construction Co., Ltd. | 4,400 | 28,710 | ||||||
Yamagata Bank Ltd. (The) | 1,168 | 17,476 | ||||||
Yamazen Corp. | 2,800 | 26,924 | ||||||
Yaoko Co., Ltd. | 400 | 18,099 | ||||||
Yellow Hat Ltd. | 1,700 | 22,690 | ||||||
Yuasa Trading Co., Ltd. | 1,000 | 27,938 | ||||||
Yumeshin Holdings Co., Ltd. | 3,400 | 24,268 | ||||||
Zeon Corp. | 2,400 | 26,664 | ||||||
Zojirushi Corp. | 1,600 | 17,063 | ||||||
|
| |||||||
| Total Japan | 8,617,094 | |||||||
| Morocco – 0.1% | ||||||||
Vivo Energy PLC(b) | 10,895 | 18,387 | ||||||
| Netherlands – 1.9% |
| |||||||
AMG Advanced Metallurgical Group N.V. | 700 | 21,762 | ||||||
Arcadis N.V. | 2,144 | 40,774 | ||||||
BE Semiconductor Industries N.V. | 4,787 | 123,420 | ||||||
Corbion N.V. | 1,097 | 35,779 | ||||||
ForFarmers N.V. | 3,470 | 29,361 | ||||||
Intertrust N.V.(b) | 2,745 | 56,800 | ||||||
See Notes to Financial Statements.
| 48 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
Koninklijke BAM Groep N.V. | 8,992 | $ | 40,018 | |||||
Koninklijke Volkerwessels N.V. | 3,512 | 70,631 | ||||||
PostNL N.V.(a) | 45,830 | 79,513 | ||||||
Sligro Food Group N.V. | 1,257 | 46,881 | ||||||
TKH Group N.V. CVA | 847 | 52,617 | ||||||
Van Lanschot Kempen N.V. | 2,045 | 46,484 | ||||||
|
| |||||||
| Total Netherlands | 644,040 | |||||||
| New Zealand – 3.0% | ||||||||
Air New Zealand Ltd. | 78,435 | 139,604 | ||||||
Chorus Ltd. | 16,562 | 63,406 | ||||||
EBOS Group Ltd. | 3,826 | 59,489 | ||||||
Freightways Ltd. | 4,482 | 25,407 | ||||||
Genesis Energy Ltd. | 49,607 | 115,615 | ||||||
Heartland Group Holdings Ltd. | 26,000 | 28,814 | ||||||
Infratil Ltd. | 20,455 | 63,885 | ||||||
Kathmandu Holdings Ltd. | 13,336 | 19,706 | ||||||
Kiwi Property Group Ltd. | 50,145 | 53,888 | ||||||
Mainfreight Ltd. | 1,150 | 31,437 | ||||||
Metlifecare Ltd. | 6,631 | 19,552 | ||||||
New Zealand Refining Co., Ltd. (The) | 12,890 | 18,094 | ||||||
NZX Ltd. | 43,883 | 33,011 | ||||||
Oceania Healthcare Ltd. | 27,909 | 19,495 | ||||||
Port of Tauranga Ltd. | 8,238 | 35,080 | ||||||
Skellerup Holdings Ltd. | 14,688 | 23,676 | ||||||
SKY Network Television Ltd. | 37,221 | 29,499 | ||||||
SKYCITY Entertainment Group Ltd. | 34,679 | 88,277 | ||||||
Summerset Group Holdings Ltd. | 3,903 | 14,602 | ||||||
Tourism Holdings Ltd. | 9,281 | 23,563 | ||||||
Trustpower Ltd. | 4,919 | 24,448 | ||||||
Z Energy Ltd. | 23,398 | 99,320 | ||||||
|
| |||||||
| Total New Zealand | 1,029,868 | |||||||
| Norway – 3.5% | ||||||||
ABG Sundal Collier Holding ASA* | 84,540 | 37,084 | ||||||
AF Gruppen ASA | 1,359 | 26,778 | ||||||
American Shipping Co. ASA* | 6,478 | 26,707 | ||||||
Atea ASA* | 4,728 | 64,326 | ||||||
Austevoll Seafood ASA | 5,930 | 62,283 | ||||||
B2Holding ASA | 22,800 | 25,097 | ||||||
Borregaard ASA | 2,357 | 27,313 | ||||||
DNO ASA | 24,900 | 45,121 | ||||||
Elkem ASA(b) | 52,033 | 146,590 | ||||||
Entra ASA(b) | 4,823 | 74,104 | ||||||
Europris ASA(b) | 10,300 | 31,941 | ||||||
Evry A/S(b) | 12,200 | 49,939 | ||||||
Fjordkraft Holding ASA(b) | 5,500 | 28,706 | ||||||
Grieg Seafood ASA | 3,180 | 44,123 | ||||||
Kongsberg Gruppen ASA | 2,708 | 37,860 | ||||||
Kvaerner ASA | 21,688 | 34,875 | ||||||
Norway Royal Salmon ASA | 936 | 19,881 | ||||||
Ocean Yield ASA | 12,931 | 86,752 | ||||||
Sbanken ASA(b) | 2,370 | 20,236 | ||||||
Selvaag Bolig ASA | 6,400 | 33,028 | ||||||
SpareBank 1 SMN | 5,461 | 62,578 | ||||||
| Investments | Shares | Value | ||||||
TGS Nopec Geophysical Co. ASA | 2,900 | $ | 81,360 | |||||
Veidekke ASA | 5,902 | 57,317 | ||||||
Wallenius Wilhelmsen ASA | 7,115 | 21,096 | ||||||
XXL ASA*(b) | 10,718 | 35,877 | ||||||
|
| |||||||
| Total Norway | 1,180,972 | |||||||
| Portugal – 1.4% | ||||||||
Altri, SGPS, S.A. | 7,537 | 52,400 | ||||||
Corticeira Amorim, SGPS, S.A. | 2,200 | 25,504 | ||||||
CTT-Correios de Portugal S.A. | 8,535 | 20,567 | ||||||
Mota-Engil, SGPS, S.A. | 9,159 | 19,870 | ||||||
Navigator Co. S.A. (The) | 42,530 | 162,639 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 34,932 | 95,871 | ||||||
Semapa-Sociedade de Investimento e Gestao | 2,182 | 30,713 | ||||||
Sonae, SGPS, S.A. | 66,528 | 64,360 | ||||||
|
| |||||||
| Total Portugal | 471,924 | |||||||
| Singapore – 3.1% | ||||||||
Accordia Golf Trust | 93,000 | 36,431 | ||||||
Asian Pay Television Trust | 185,101 | 23,395 | ||||||
Best World International Ltd.† | 17,900 | 17,993 | ||||||
Bukit Sembawang Estates Ltd. | 7,600 | 32,412 | ||||||
China Aviation Oil Singapore Corp., Ltd. | 29,034 | 28,327 | ||||||
Chip Eng Seng Corp., Ltd. | 48,705 | 25,919 | ||||||
First Resources Ltd. | 29,627 | 34,818 | ||||||
GuocoLand Ltd. | 19,300 | 28,530 | ||||||
Hi-P International Ltd. | 24,000 | 24,657 | ||||||
Hutchison Port Holdings Trust | 483,900 | 111,297 | ||||||
Japfa Ltd. | 33,200 | 13,006 | ||||||
Keppel Infrastructure Trust | 188,191 | 70,244 | ||||||
NetLink NBN Trust | 176,900 | 116,369 | ||||||
Oxley Holdings Ltd. | 110,432 | 26,936 | ||||||
Raffles Medical Group Ltd. | 28,700 | 22,061 | ||||||
Riverstone Holdings Ltd. | 33,100 | 23,976 | ||||||
SBS Transit Ltd. | 8,218 | 24,965 | ||||||
Sheng Siong Group Ltd. | 47,800 | 38,863 | ||||||
SIA Engineering Co., Ltd. | 22,500 | 41,742 | ||||||
Singapore Post Ltd. | 51,000 | 35,811 | ||||||
StarHub Ltd. | 121,500 | 138,298 | ||||||
Tuan Sing Holdings Ltd. | 84,200 | 21,471 | ||||||
UMS Holdings Ltd. | 45,700 | 21,280 | ||||||
United Engineers Ltd. | 13,300 | 25,362 | ||||||
Wing Tai Holdings Ltd. | 9,900 | 15,147 | ||||||
Yanlord Land Group Ltd. | 74,409 | 70,947 | ||||||
|
| |||||||
| Total Singapore | 1,070,257 | |||||||
| Spain – 2.5% | ||||||||
Acerinox S.A. | 6,500 | 65,361 | ||||||
Applus Services S.A. | 1,891 | 25,734 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A.(a) | 17,747 | 87,066 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A. | 4,524 | 110,870 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 528 | 24,232 | ||||||
Ence Energia y Celulosa S.A. | 13,443 | 60,746 | ||||||
Euskaltel S.A.(b) | 5,377 | 49,905 | ||||||
Faes Farma S.A. | 8,876 | 41,898 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 49 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
Liberbank S.A. | 49,900 | $ | 21,549 | |||||
Mediaset Espana Comunicacion S.A. | 11,400 | 83,009 | ||||||
Melia Hotels International S.A. | 3,200 | 30,611 | ||||||
Metrovacesa S.A.(b) | 3,300 | 35,626 | ||||||
Parques Reunidos Servicios Centrales SAU(b) | 1,222 | 19,371 | ||||||
Prosegur Cia de Seguridad S.A. | 13,124 | 61,725 | ||||||
Sacyr S.A. | 20,208 | 49,063 | ||||||
Unicaja Banco S.A.(b) | 59,935 | 53,579 | ||||||
Viscofan S.A. | 900 | 47,208 | ||||||
|
| |||||||
| Total Spain | 867,553 | |||||||
| Sweden – 5.0% | ||||||||
AddTech AB Class B | 959 | 29,148 | ||||||
AF Poyry AB Class B | 2,163 | 49,003 | ||||||
Ahlstrom-Munksjo Oyj(a) | 3,078 | 50,756 | ||||||
Atrium Ljungberg AB Class B | 3,131 | 56,625 | ||||||
Avanza Bank Holding AB | 3,355 | 25,637 | ||||||
Beijer Ref AB | 1,346 | 32,496 | ||||||
Betsson AB* | 6,319 | 38,684 | ||||||
Bilia AB Class A | 4,431 | 40,116 | ||||||
BillerudKorsnas AB | 2,900 | 38,617 | ||||||
Bonava AB Class B | 3,378 | 42,452 | ||||||
Bravida Holding AB(b) | 4,116 | 36,510 | ||||||
Clas Ohlson AB Class B(a) | 3,324 | 33,085 | ||||||
Cloetta AB Class B | 7,968 | 25,935 | ||||||
Coor Service Management Holding AB(b) | 3,866 | 35,751 | ||||||
Dios Fastigheter AB | 4,694 | 34,756 | ||||||
Dometic Group AB(b) | 5,400 | 54,115 | ||||||
Duni AB | 1,303 | 17,779 | ||||||
Dustin Group AB(b) | 2,358 | 21,704 | ||||||
Fagerhult AB(a) | 4,557 | 30,206 | ||||||
Granges AB | 2,446 | 28,050 | ||||||
Hemfosa Fastigheter AB | 6,201 | 58,647 | ||||||
Hexpol AB | 7,600 | 61,967 | ||||||
HIQ International AB* | 4,717 | 26,640 | ||||||
JM AB(a) | 3,050 | 70,183 | ||||||
KNOW IT AB | 1,161 | 26,716 | ||||||
Kungsleden AB | 5,278 | 43,575 | ||||||
Loomis AB Class B | 1,827 | 62,855 | ||||||
Mycronic AB | 2,092 | 25,434 | ||||||
NCC AB Class B | 2,644 | 45,866 | ||||||
NetEnt AB* | 12,108 | 38,824 | ||||||
Nobia AB | 9,735 | 56,763 | ||||||
Nobina AB(b) | 5,339 | 33,145 | ||||||
Nolato AB Class B | 534 | 32,604 | ||||||
Nordic Waterproofing Holding A/S(b) | 2,836 | 25,645 | ||||||
NP3 Fastigheter AB | 3,226 | 28,024 | ||||||
Peab AB | 9,877 | 84,471 | ||||||
Platzer Fastigheter Holding AB Class B | 2,619 | 24,276 | ||||||
Resurs Holding AB(b) | 9,335 | 55,639 | ||||||
Scandi Standard AB | 3,004 | 20,721 | ||||||
Scandic Hotels Group AB(b) | 3,900 | 34,405 | ||||||
SkiStar AB | 2,330 | 28,679 | ||||||
Thule Group AB(b) | 2,434 | 60,180 | ||||||
| Investments | Shares | Value | ||||||
Wihlborgs Fastigheter AB | 3,577 | $ | 51,892 | |||||
|
| |||||||
| Total Sweden | 1,718,576 | |||||||
| Switzerland – 1.7% | ||||||||
Allreal Holding AG Registered Shares* | 301 | 51,865 | ||||||
Bobst Group S.A. Registered Shares | 356 | 26,381 | ||||||
Cembra Money Bank AG | 966 | 93,281 | ||||||
Comet Holding AG Registered Shares | 246 | 23,868 | ||||||
Daetwyler Holding AG Bearer Shares | 170 | 25,910 | ||||||
EFG International AG* | 10,858 | 75,282 | ||||||
Galenica AG*(b) | 1,418 | 71,264 | ||||||
Huber + Suhner AG Registered Shares | 372 | 31,362 | ||||||
Implenia AG Registered Shares | 587 | 17,399 | ||||||
Landis+Gyr Group AG* | 700 | 55,821 | ||||||
Mobilezone Holding AG Registered Shares* | 2,820 | 28,836 | ||||||
Oriflame Holding AG*(a) | 1,200 | 29,346 | ||||||
u-blox Holding AG* | 269 | 22,872 | ||||||
Valiant Holding AG Registered Shares | 389 | 42,291 | ||||||
|
| |||||||
| Total Switzerland | 595,778 | |||||||
| United Kingdom – 17.6% | ||||||||
A.G. Barr PLC | 2,268 | 26,758 | ||||||
Aggreko PLC | 6,694 | 67,304 | ||||||
Arrow Global Group PLC | 9,044 | 26,128 | ||||||
Ascential PLC(b) | 6,095 | 27,631 | ||||||
Bakkavor Group PLC(b) | 21,400 | 32,574 | ||||||
Balfour Beatty PLC | 9,735 | 29,983 | ||||||
BCA Marketplace PLC | 27,049 | 83,653 | ||||||
Biffa PLC(b) | 7,728 | 20,261 | ||||||
Big Yellow Group PLC | 4,060 | 51,129 | ||||||
Bodycote PLC | 6,881 | 72,380 | ||||||
Bovis Homes Group PLC | 9,713 | 127,697 | ||||||
Brewin Dolphin Holdings PLC | 11,272 | 43,870 | ||||||
Card Factory PLC | 22,046 | 49,354 | ||||||
CareTech Holdings PLC | 4,926 | 23,385 | ||||||
Central Asia Metals PLC | 12,048 | 32,814 | ||||||
Charter Court Financial Services Group PLC(b) | 8,500 | 32,075 | ||||||
Chemring Group PLC | 7,686 | 18,058 | ||||||
Chesnara PLC | 7,296 | 30,689 | ||||||
Clarkson PLC | 809 | 25,843 | ||||||
Close Brothers Group PLC | 5,001 | 89,998 | ||||||
CMC Markets PLC(b) | 16,536 | 18,941 | ||||||
Coats Group PLC | 20,772 | 21,665 | ||||||
Computacenter PLC | 2,292 | 38,855 | ||||||
Concentric AB | 1,436 | 21,513 | ||||||
ContourGlobal PLC(b) | 7,492 | 18,117 | ||||||
Costain Group PLC | 5,667 | 12,564 | ||||||
Countryside Properties PLC(b) | 14,619 | 55,519 | ||||||
Cranswick PLC | 742 | 24,421 | ||||||
Crest Nicholson Holdings PLC | 18,336 | 83,310 | ||||||
Daily Mail & General Trust PLC Class ANon-Voting Shares | 6,785 | 67,442 | ||||||
Devro PLC | 8,573 | 22,586 | ||||||
DFS Furniture PLC | 8,800 | 28,447 | ||||||
Dignity PLC | 2,368 | 19,514 | ||||||
See Notes to Financial Statements.
| 50 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
Diploma PLC | 1,595 | $ | 31,099 | |||||
Diversified Gas & Oil PLC | 34,700 | 49,021 | ||||||
Dixons Carphone PLC | 68,919 | 96,002 | ||||||
Domino’s Pizza Group PLC | 14,147 | 50,054 | ||||||
Drax Group PLC | 14,674 | 48,594 | ||||||
Dunelm Group PLC | 4,406 | 51,589 | ||||||
Elementis PLC | 20,142 | 36,273 | ||||||
Empiric Student Property PLC | 21,536 | 24,887 | ||||||
Equiniti Group PLC(b) | 8,713 | 24,374 | ||||||
Essentra PLC | 9,466 | 51,683 | ||||||
Euromoney Institutional Investor PLC | 2,593 | 42,967 | ||||||
FDM Group Holdings PLC | 2,988 | 35,404 | ||||||
Ferrexpo PLC | 14,400 | 50,820 | ||||||
First Derivatives PLC | 221 | 9,999 | ||||||
Forterra PLC(b) | 7,202 | 27,131 | ||||||
Galliford Try PLC | 9,493 | 76,175 | ||||||
Games Workshop Group PLC | 635 | 40,133 | ||||||
Genus PLC | 748 | 25,208 | ||||||
Go-Ahead Group PLC (The) | 1,972 | 49,493 | ||||||
Greene King PLC | 12,957 | 101,911 | ||||||
Halfords Group PLC | 13,049 | 37,300 | ||||||
Hammerson PLC | 47,600 | 167,869 | ||||||
Hastings Group Holdings PLC(b) | 35,481 | 88,327 | ||||||
Hays PLC | 61,500 | 122,964 | ||||||
Headlam Group PLC | 5,190 | 31,706 | ||||||
Helical PLC | 4,714 | 22,108 | ||||||
Hill & Smith Holdings PLC | 1,664 | 24,799 | ||||||
Hilton Food Group PLC | 2,552 | 31,440 | ||||||
Ibstock PLC(b) | 19,539 | 60,428 | ||||||
IntegraFin Holdings PLC | 6,400 | 30,952 | ||||||
International Personal Finance PLC | 16,000 | 24,436 | ||||||
iomart Group PLC | 4,951 | 20,416 | ||||||
J D Wetherspoon PLC | 1,441 | 26,189 | ||||||
James Fisher & Sons PLC | 842 | 20,554 | ||||||
John Laing Group PLC(b) | 7,958 | 39,885 | ||||||
Johnson Service Group PLC | 11,552 | 21,906 | ||||||
Jupiter Fund Management PLC | 25,056 | 134,730 | ||||||
Kcom Group PLC | 20,452 | 29,153 | ||||||
Keller Group PLC | 3,759 | 29,374 | ||||||
Kier Group PLC | 30,841 | 41,724 | ||||||
Liontrust Asset Management PLC | 2,700 | 24,673 | ||||||
Lookers PLC | 28,479 | 18,449 | ||||||
M&C Saatchi PLC(a) | 3,713 | 16,539 | ||||||
Marshalls PLC | 3,610 | 31,357 | ||||||
Marston’s PLC | 40,090 | 59,543 | ||||||
McCarthy & Stone PLC(b) | 17,400 | 30,250 | ||||||
MJ Gleeson PLC | 2,774 | 25,702 | ||||||
Moneysupermarket.com Group PLC | 11,000 | 57,721 | ||||||
Morgan Advanced Materials PLC | 9,798 | 34,666 | ||||||
Morgan Sindall Group PLC | 1,810 | 28,518 | ||||||
N Brown Group PLC | 18,363 | 30,382 | ||||||
National Express Group PLC | 13,679 | 69,881 | ||||||
Northgate PLC | 5,643 | 24,957 | ||||||
Numis Corp. PLC | 7,416 | 25,531 | ||||||
OneSavings Bank PLC | 7,030 | 32,442 | ||||||
| Investments | Shares | Value | ||||||
Pagegroup PLC | 12,513 | $ | 81,697 | |||||
Paragon Banking Group PLC | 8,052 | 44,967 | ||||||
PayPoint PLC | 3,253 | 40,159 | ||||||
Pendragon PLC | 101,301 | 20,989 | ||||||
Pets at Home Group PLC | 17,705 | 42,160 | ||||||
Photo-Me International PLC | 31,115 | 38,174 | ||||||
Polar Capital Holdings PLC | 5,087 | 38,845 | ||||||
Polypipe Group PLC | 2,744 | 15,520 | ||||||
Premier Asset Management Group PLC | 8,488 | 21,119 | ||||||
Provident Financial PLC | 4,600 | 24,150 | ||||||
PZ Cussons PLC | 13,375 | 36,428 | ||||||
QinetiQ Group PLC | 9,759 | 34,702 | ||||||
Redde PLC | 28,882 | 38,743 | ||||||
Redrow PLC | 13,835 | 95,787 | ||||||
Renewi PLC | 69,824 | 25,682 | ||||||
Restaurant Group PLC (The) | 16,434 | 27,567 | ||||||
Royal Mail PLC | 89,300 | 240,829 | ||||||
RPS Group PLC | 13,400 | 18,316 | ||||||
RWS Holdings PLC | 2,700 | 22,267 | ||||||
Sabre Insurance Group PLC(b) | 11,200 | 38,914 | ||||||
Safestore Holdings PLC | 4,139 | 32,317 | ||||||
Saga PLC | 103,924 | 52,615 | ||||||
Savills PLC | 3,663 | 41,817 | ||||||
Senior PLC | 11,056 | 30,365 | ||||||
SIG PLC | 14,276 | 23,565 | ||||||
Soco International PLC | 35,400 | 31,447 | ||||||
Softcat PLC | 4,737 | 58,570 | ||||||
Sophos Group PLC(b) | 4,100 | 20,596 | ||||||
Spire Healthcare Group PLC(b) | 12,722 | 19,381 | ||||||
Spirent Communications PLC | 13,415 | 26,088 | ||||||
St. Modwen Properties PLC | 4,871 | 27,153 | ||||||
Stagecoach Group PLC | 27,360 | 44,188 | ||||||
SThree PLC | 7,904 | 28,669 | ||||||
Stock Spirits Group PLC | 7,512 | 21,081 | ||||||
Superdry PLC | 4,584 | 26,895 | ||||||
Synthomer PLC | 8,790 | 41,772 | ||||||
TalkTalk Telecom Group PLC(a) | 23,386 | 33,186 | ||||||
TBC Bank Group PLC | 1,212 | 24,495 | ||||||
Ted Baker PLC | 2,659 | 27,377 | ||||||
Telecom Plus PLC | 2,419 | 43,409 | ||||||
Telford Homes PLC | 6,300 | 25,217 | ||||||
TI Fluid Systems PLC(b) | 17,972 | 45,014 | ||||||
TP ICAP PLC | 23,737 | 90,509 | ||||||
Trifast PLC | 4,840 | 14,106 | ||||||
TT Electronics PLC | 6,305 | 18,536 | ||||||
Tyman PLC | 10,300 | 31,723 | ||||||
Ultra Electronics Holdings PLC | 1,850 | 38,849 | ||||||
Vesuvius PLC | 7,534 | 52,545 | ||||||
Victrex PLC | 1,700 | 46,820 | ||||||
Vitec Group PLC (The) | 1,425 | 20,675 | ||||||
Volution Group PLC | 8,430 | 19,312 | ||||||
WH Smith PLC | 2,195 | 55,034 | ||||||
William Hill PLC | 56,950 | 112,018 | ||||||
Wincanton PLC | 5,831 | 19,740 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 51 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| Investments | Shares | Value | ||||||
XPS Pensions Group PLC | 13,648 | $ | 16,849 | |||||
|
| |||||||
| Total United Kingdom | 5,993,114 | |||||||
| TOTAL COMMON STOCKS (Cost: $34,548,502) | 34,113,399 | |||||||
| RIGHTS – 0.0% |
| |||||||
| Spain – 0.0% | ||||||||
Sacyr S.A., expiring 7/5/19* | ||||||||
| (Cost: $903) | 14,898 | 892 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3% |
| |||||||
| United States – 2.3% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.36%(c) | ||||||||
| (Cost: $772,019)(d) | 772,019 | 772,019 | ||||||
| Investments | Value | |||||||
TOTAL INVESTMENTS IN SECURITIES – 102.5% (Cost: $35,321,424) |
| $ | 34,886,310 | |||||
Other Assets less Liabilities – (2.5)% |
| (845,615 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 34,040,695 | ||||||
| * | 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 $17,993, which represents 0.1% of net assets. |
| (a) | Security, or portion thereof, was on loan at June 30, 2019 (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 annualized7-day yield as of June 30, 2019. |
| (d) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,231,011 and the total market value of the collateral held by the Fund was $1,309,808. The total market value of the collateral includesnon-cash U.S. Government securities collateral having a value of $537,789. |
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. | 7/3/2019 | 128,240 | AUD | 88,715 | USD | $ | 1,281 | $ | — | |||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 878,597 | AUD | 616,611 | USD | — | (33 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 11,337 | CHF | 11,561 | USD | 68 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 78,334 | CHF | 80,353 | USD | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 49,058 | DKK | 7,443 | USD | 43 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 339,011 | DKK | 51,733 | USD | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 131,265 | EUR | 148,705 | USD | 792 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 907,534 | EUR | 1,033,569 | USD | 18 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 103,855 | GBP | 131,911 | USD | 273 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 720,321 | GBP | 916,845 | USD | — | (45 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 80,244 | ILS | 22,169 | USD | 331 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 549,568 | ILS | 154,089 | USD | 9 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 13,596,680 | JPY | 126,345 | USD | — | (136 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 94,602,935 | JPY | 878,155 | USD | — | (16 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 259,557 | NOK | 30,376 | USD | 68 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 1,800,148 | NOK | 211,132 | USD | 10 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 52,601 | NZD | 34,555 | USD | 775 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 357,580 | NZD | 240,179 | USD | — | (5 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 488,520 | SEK | 52,075 | USD | 581 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 3,357,768 | SEK | 361,944 | USD | — | (18 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 21,747 | SGD | 16,029 | USD | 45 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 150,733 | SGD | 111,410 | USD | 3 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 602,743 | USD | 869,161 | AUD | — | (7,213 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 78,546 | USD | 78,783 | CHF | — | (2,265 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 50,570 | USD | 337,984 | DKK | — | (1,004 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 1,010,323 | USD | 904,419 | EUR | — | (19,716 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 896,224 | USD | 709,981 | GBP | — | (7,415 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 150,624 | USD | 545,502 | ILS | — | (2,334 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 858,405 | USD | 92,980,884 | JPY | — | (4,678 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 206,384 | USD | 1,804,688 | NOK | — | (5,291 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 234,777 | USD | 359,939 | NZD | — | (6,982 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 353,804 | USD | 3,359,680 | SEK | — | (8,328 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 108,904 | USD | 149,832 | SGD | — | (1,843 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 62,963 | USD | 411,415 | DKK | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 1,106,416 | USD | 968,920 | EUR | — | (60 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| 52 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| 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. | 8/5/2019 | 1,059,884 | USD | 831,381 | GBP | $ | 12 | $ | — | |||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 81,531 | USD | 290,216 | ILS | — | (10 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 905,474 | USD | 97,309,660 | JPY | — | (69 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 243,865 | USD | 2,077,024 | NOK | — | (19 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 176,926 | USD | 263,224 | NZD | — | (4 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 313,943 | USD | 2,905,278 | SEK | 11 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2019 | 96,969 | USD | 131,128 | SGD | — | (8 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/6/2019 | 607,038 | USD | 864,021 | AUD | — | (19 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/6/2019 | 76,722 | USD | 74,558 | CHF | 2 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 878,617 | AUD | 616,611 | USD | — | (19 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 78,335 | CHF | 80,353 | USD | — | (2 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 339,017 | DKK | 51,733 | USD | — | (2 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 907,533 | EUR | 1,033,569 | USD | 16 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 720,343 | GBP | 916,845 | USD | — | (17 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 549,537 | ILS | 154,089 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 94,601,706 | JPY | 878,155 | USD | — | (27 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 1,800,073 | NOK | 211,132 | USD | 1 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 357,578 | NZD | 240,179 | USD | — | (6 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 3,357,865 | SEK | 361,944 | USD | — | (7 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 150,719 | SGD | 111,410 | USD | — | (8 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 62,963 | USD | 411,432 | DKK | — | (0 | )* | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 1,106,416 | USD | 968,891 | EUR | — | (26 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 1,059,884 | USD | 831,391 | GBP | — | (1 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 81,531 | USD | 290,210 | ILS | — | (8 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 905,474 | USD | 97,306,039 | JPY | — | (36 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 243,865 | USD | 2,076,985 | NOK | — | (15 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 176,926 | USD | 263,224 | NZD | — | (3 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 313,943 | USD | 2,905,379 | SEK | — | (0 | )* | ||||||||||||||||||||
Barclays Bank PLC | 8/5/2019 | 96,969 | USD | 131,126 | SGD | — | (7 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/6/2019 | 607,038 | USD | 864,003 | AUD | — | (6 | ) | ||||||||||||||||||||
Barclays Bank PLC | 8/6/2019 | 76,722 | USD | 74,559 | CHF | 1 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 128,239 | AUD | 88,715 | USD | 1,280 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 11,337 | CHF | 11,561 | USD | 68 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 49,060 | DKK | 7,443 | USD | 43 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 131,264 | EUR | 148,705 | USD | 791 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 103,855 | GBP | 131,911 | USD | 273 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 80,263 | ILS | 22,169 | USD | 337 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 13,596,970 | JPY | 126,345 | USD | — | (133 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 259,390 | NOK | 30,376 | USD | 48 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 52,601 | NZD | 34,555 | USD | 775 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 488,533 | SEK | 52,075 | USD | 583 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 21,744 | SGD | 16,029 | USD | 43 | — | |||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 602,743 | USD | 869,220 | AUD | — | (7,254 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 78,546 | USD | 78,793 | CHF | — | (2,276 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 50,570 | USD | 338,063 | DKK | — | (1,016 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 1,010,323 | USD | 904,489 | EUR | — | (19,796 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 896,224 | USD | 710,032 | GBP | — | (7,481 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 150,624 | USD | 545,545 | ILS | — | (2,346 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 858,405 | USD | 92,987,751 | JPY | — | (4,741 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 206,384 | USD | 1,804,735 | NOK | — | (5,296 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 234,777 | USD | 359,960 | NZD | — | (6,996 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 353,804 | USD | 3,360,041 | SEK | — | (8,367 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 108,904 | USD | 149,852 | SGD | — | (1,858 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 878,621 | AUD | 616,611 | USD | — | (16 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 78,335 | CHF | 80,353 | USD | — | (1 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 53 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| 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. | 7/3/2019 | 339,022 | DKK | 51,733 | USD | $ | — | $ | (1 | ) | ||||||||||||||||||
Citibank N.A. | 7/3/2019 | 907,608 | EUR | 1,033,569 | USD | 103 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 720,344 | GBP | 916,845 | USD | — | (16 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 549,546 | ILS | 154,089 | USD | 3 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 94,601,530 | JPY | 878,155 | USD | — | (29 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 1,800,023 | NOK | 211,132 | USD | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 357,580 | NZD | 240,179 | USD | — | (5 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 49,900 | NZD | 33,511 | USD | 5 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 3,357,874 | SEK | 361,944 | USD | — | (6 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 150,732 | SGD | 111,410 | USD | 2 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 602,743 | USD | 869,220 | AUD | — | (7,254 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 78,546 | USD | 78,784 | CHF | — | (2,265 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 50,570 | USD | 337,986 | DKK | — | (1,004 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 1,010,323 | USD | 904,410 | EUR | — | (19,706 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 896,224 | USD | 709,982 | GBP | — | (7,417 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 150,624 | USD | 545,517 | ILS | — | (2,339 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 858,405 | USD | 92,980,626 | JPY | — | (4,675 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 206,384 | USD | 1,804,629 | NOK | — | (5,284 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 234,777 | USD | 359,938 | NZD | — | (6,981 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 353,804 | USD | 3,359,672 | SEK | — | (8,328 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 108,904 | USD | 149,838 | SGD | — | (1,847 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 62,963 | USD | 411,436 | DKK | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 1,106,416 | USD | 968,991 | EUR | — | (140 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 1,059,884 | USD | 831,383 | GBP | 9 | — | |||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 81,531 | USD | 290,205 | ILS | — | (7 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 905,474 | USD | 97,303,503 | JPY | — | (12 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 243,865 | USD | 2,076,894 | NOK | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 176,926 | USD | 263,226 | NZD | — | (5 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 313,943 | USD | 2,905,398 | SEK | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2019 | 96,969 | USD | 131,119 | SGD | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 8/6/2019 | 607,038 | USD | 864,004 | AUD | — | (7 | ) | ||||||||||||||||||||
Citibank N.A. | 8/6/2019 | 76,722 | USD | 74,559 | CHF | 0 | * | — | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 120,721 | AUD | 83,498 | USD | 1,221 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 10,674 | CHF | 10,881 | USD | 68 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 46,178 | DKK | 7,006 | USD | 40 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 123,562 | EUR | 139,960 | USD | 764 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 97,784 | GBP | 124,154 | USD | 302 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 75,659 | ILS | 20,867 | USD | 348 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 12,799,486 | JPY | 118,914 | USD | — | (104 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 244,347 | NOK | 28,592 | USD | 68 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 49,549 | NZD | 32,525 | USD | 755 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 460,037 | SEK | 49,012 | USD | 574 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 20,470 | SGD | 15,087 | USD | 43 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 260,928 | USD | 377,007 | AUD | — | (3,646 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 34,003 | USD | 33,365 | CHF | — | (221 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 21,892 | USD | 144,643 | DKK | — | (179 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 437,370 | USD | 387,068 | EUR | — | (3,460 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 387,976 | USD | 305,337 | GBP | — | (646 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 65,205 | USD | 233,526 | ILS | — | (275 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 371,604 | USD | 39,928,255 | JPY | 975 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 89,344 | USD | 766,073 | NOK | — | (510 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 101,635 | USD | 154,530 | NZD | — | (2,158 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 153,162 | USD | 1,441,833 | SEK | — | (2,250 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 47,145 | USD | 63,906 | SGD | — | (91 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 602,743 | USD | 869,182 | AUD | — | (7,228 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| 54 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| 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 | |||||||||||||||||||||||
Societe Generale | 7/3/2019 | 78,546 | USD | 78,788 | CHF | $ | — | $ | (2,270 | ) | ||||||||||||||||||
Societe Generale | 7/3/2019 | 50,570 | USD | 338,000 | DKK | — | (1,006 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 1,010,323 | USD | 904,408 | EUR | — | (19,703 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 896,224 | USD | 710,409 | GBP | — | (7,961 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 150,624 | USD | 545,507 | ILS | — | (2,336 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 858,405 | USD | 92,983,288 | JPY | — | (4,700 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 206,384 | USD | 1,804,673 | NOK | — | (5,289 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 234,777 | USD | 359,949 | NZD | — | (6,989 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 353,804 | USD | 3,359,723 | SEK | — | (8,333 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 108,904 | USD | 149,830 | SGD | — | (1,842 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 669,432 | AUD | 469,799 | USD | — | (8 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 59,689 | CHF | 61,226 | USD | — | (1 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 258,324 | DKK | 39,419 | USD | — | (1 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 691,455 | EUR | 787,484 | USD | 11 | — | |||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 548,851 | GBP | 698,550 | USD | 9 | — | |||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 418,694 | ILS | 117,405 | USD | — | (4 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 72,078,056 | JPY | 669,072 | USD | — | (17 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 1,371,521 | NOK | 160,866 | USD | 2 | — | |||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 272,442 | NZD | 182,997 | USD | — | (7 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 2,558,408 | SEK | 275,770 | USD | — | (5 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 114,845 | SGD | 84,886 | USD | 1 | — | |||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 47,976 | USD | 313,498 | DKK | — | (0 | )* | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 842,985 | USD | 738,197 | EUR | — | (12 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 807,534 | USD | 633,459 | GBP | — | (21 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 62,123 | USD | 221,105 | ILS | — | (0 | )* | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 689,885 | USD | 74,137,042 | JPY | — | (19 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 185,802 | USD | 1,582,459 | NOK | — | (10 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 134,804 | USD | 200,556 | NZD | — | (2 | ) | ||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 239,195 | USD | 2,213,615 | SEK | 1 | — | |||||||||||||||||||||
State Street Bank and Trust | 8/5/2019 | 73,882 | USD | 99,900 | SGD | — | (0 | )* | ||||||||||||||||||||
State Street Bank and Trust | 8/6/2019 | 462,507 | USD | 658,283 | AUD | 1 | — | |||||||||||||||||||||
State Street Bank and Trust | 8/6/2019 | 58,455 | USD | 56,807 | CHF | 0 | * | — | ||||||||||||||||||||
UBS AG | 7/3/2019 | 878,621 | AUD | 616,611 | USD | — | (16 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 78,335 | CHF | 80,353 | USD | — | (2 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 339,020 | DKK | 51,733 | USD | — | (1 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 907,533 | EUR | 1,033,569 | USD | 17 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 720,323 | GBP | 916,845 | USD | — | (43 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 549,543 | ILS | 154,089 | USD | 3 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 94,604,691 | JPY | 878,155 | USD | 0 | * | — | ||||||||||||||||||||
UBS AG | 7/3/2019 | 1,800,086 | NOK | 211,132 | USD | 3 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 357,577 | NZD | 240,179 | USD | — | (7 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 3,357,841 | SEK | 361,944 | USD | — | (10 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 150,730 | SGD | 111,410 | USD | 1 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 459,233 | USD | 662,221 | AUD | — | (5,498 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 66,038 | USD | 94,929 | AUD | — | (581 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 59,848 | USD | 60,028 | CHF | — | (1,726 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 8,606 | USD | 8,359 | CHF | 32 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 38,530 | USD | 257,515 | DKK | — | (765 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 5,541 | USD | 36,301 | DKK | 2 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 769,774 | USD | 689,075 | EUR | — | (15,011 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 110,694 | USD | 97,127 | EUR | 77 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 682,841 | USD | 540,933 | GBP | — | (5,640 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 98,193 | USD | 77,136 | GBP | 17 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 114,762 | USD | 415,644 | ILS | — | (1,784 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 16,503 | USD | 59,415 | ILS | — | (157 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 55 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2019
| 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 | |||||||||||||||||||||||
UBS AG | 7/3/2019 | 654,023 | USD | 70,841,678 | JPY | $ | — | $ | (3,555 | ) | ||||||||||||||||||
UBS AG | 7/3/2019 | 94,049 | USD | 10,091,589 | JPY | 375 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 157,246 | USD | 1,374,984 | NOK | — | (4,028 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 22,612 | USD | 191,977 | NOK | 95 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 178,882 | USD | 274,246 | NZD | — | (5,319 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 25,723 | USD | 38,890 | NZD | — | (398 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 269,566 | USD | 2,559,769 | SEK | — | (6,346 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 38,764 | USD | 360,547 | SEK | — | (99 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 82,978 | USD | 114,167 | SGD | — | (1,408 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 11,932 | USD | 16,153 | SGD | — | (8 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 62,963 | USD | 411,433 | DKK | — | (0 | )* | ||||||||||||||||||||
UBS AG | 8/5/2019 | 1,106,416 | USD | 968,911 | EUR | — | (49 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 1,059,884 | USD | 831,395 | GBP | — | (6 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 81,531 | USD | 290,199 | ILS | — | (5 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 905,474 | USD | 97,306,039 | JPY | — | (36 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 243,865 | USD | 2,076,962 | NOK | — | (12 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 176,926 | USD | 263,223 | NZD | — | (3 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 313,943 | USD | 2,905,578 | SEK | — | (22 | ) | ||||||||||||||||||||
UBS AG | 8/5/2019 | 96,969 | USD | 131,143 | SGD | — | (20 | ) | ||||||||||||||||||||
UBS AG | 8/6/2019 | 607,038 | USD | 864,008 | AUD | — | (9 | ) | ||||||||||||||||||||
UBS AG | 8/6/2019 | 76,722 | USD | 74,560 | CHF | — | (0 | )* | ||||||||||||||||||||
| $ | 14,511 | $ | (336,492 | ) | ||||||||||||||||||||||||
| * | Amount represents less than $1. |
| CURRENCY LEGEND | ||
| AUD | Australian dollar | |
| CHF | Swiss franc | |
| DKK | Danish krone | |
| EUR | Euro | |
| GBP | British pound | |
| ILS | Israeli new shekel | |
| JPY | Japanese yen | |
| NOK | Norwegian krone | |
| NZD | New Zealand dollar | |
| SEK | Swedish krona | |
| SGD | Singapore dollar | |
| USD | U.S. dollar | |
See Notes to Financial Statements.
| 56 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.2% |
| |||||||
| Brazil – 4.2% |
| |||||||
AES Tiete Energia S.A. | 4,828 | $ | 14,827 | |||||
Alupar Investimento S.A. | 2,315 | 15,614 | ||||||
Ambev S.A. | 48,745 | 227,531 | ||||||
B3 S.A. – Brasil Bolsa Balcao | 16,360 | 159,901 | ||||||
Banco Bradesco S.A. | 9,567 | 83,497 | ||||||
Banco do Brasil S.A. | 9,777 | 137,600 | ||||||
Banco Santander Brasil S.A. | 3,363 | 39,889 | ||||||
BB Seguridade Participacoes S.A. | 9,565 | 80,809 | ||||||
CCR S.A. | 24,755 | 88,230 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo | 4,585 | 56,549 | ||||||
Cia de Saneamento de Minas Gerais-COPASA | 1,868 | 32,675 | ||||||
Cia de Saneamento do Parana | 1,868 | 39,274 | ||||||
Cia Hering | 3,192 | 24,769 | ||||||
Cielo S.A. | 36,795 | 64,515 | ||||||
Cosan S.A. | 1,876 | 22,589 | ||||||
EcoRodovias Infraestrutura e Logistica S.A. | 5,601 | 15,724 | ||||||
EDP – Energias do Brasil S.A. | 5,065 | 24,977 | ||||||
Energisa S.A. | 2,401 | 28,867 | ||||||
Engie Brasil Energia S.A. | 6,034 | 68,438 | ||||||
Equatorial Energia S.A. | 1,601 | 38,347 | ||||||
Estacio Participacoes S.A. | 2,173 | 16,442 | ||||||
Ez Tec Empreendimentos e Participacoes S.A. | 4,202 | 28,179 | ||||||
Fleury S.A. | 3,468 | 19,319 | ||||||
Grendene S.A. | 6,773 | 13,784 | ||||||
Hypera S.A. | 6,269 | 49,054 | ||||||
IRB Brasil Resseguros S.A. | 933 | 23,978 | ||||||
Itau Unibanco Holding S.A. | 4,722 | 38,354 | ||||||
Kroton Educacional S.A. | 20,002 | 57,251 | ||||||
Localiza Rent a Car S.A. | 2,533 | 27,084 | ||||||
Lojas Renner S.A. | 3,875 | 47,685 | ||||||
MRV Engenharia e Participacoes S.A. | 6,842 | 34,936 | ||||||
Multiplan Empreendimentos Imobiliarios S.A. | 3,043 | 22,040 | ||||||
Natura Cosmeticos S.A. | 1,228 | 18,100 | ||||||
Odontoprev S.A. | 4,634 | 22,078 | ||||||
Petrobras Distribuidora S.A. | 4,936 | 32,197 | ||||||
Petroleo Brasileiro S.A. | 4,136 | 32,396 | ||||||
Qualicorp Consultoria e Corretora de Seguros S.A. | 7,575 | 45,399 | ||||||
Raia Drogasil S.A. | 1,070 | 21,246 | ||||||
Sao Martinho S.A. | 2,000 | 10,510 | ||||||
SLC Agricola S.A. | 1,866 | 8,603 | ||||||
Smiles Fidelidade S.A. | 1,669 | 18,290 | ||||||
Sul America S.A. | 1,821 | 17,827 | ||||||
Suzano S.A. | 1,733 | 14,854 | ||||||
TIM Participacoes S.A. | 9,120 | 27,674 | ||||||
TOTVS S.A. | 1,740 | 19,962 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 12,169 | 86,235 | ||||||
Tupy S.A. | 2,000 | 10,901 | ||||||
Ultrapar Participacoes S.A. | 10,334 | 54,196 | ||||||
WEG S.A. | 3,787 | 21,106 | ||||||
|
| |||||||
| Total Brazil |
| 2,104,302 | ||||||
| Investments | Shares | Value | ||||||
| Chile – 1.1% |
| |||||||
AES Gener S.A. | 74,593 | $ | 20,464 | |||||
Aguas Andinas S.A. Class A | 60,879 | 35,867 | ||||||
AntarChile S.A. | 1,324 | 15,951 | ||||||
Banco de Chile | 138,368 | 20,359 | ||||||
Banco de Credito e Inversiones S.A. | 507 | 34,910 | ||||||
Banco Santander Chile | 653,532 | 48,610 | ||||||
Cencosud S.A. | 15,455 | 30,275 | ||||||
Cia Cervecerias Unidas S.A. | 1,278 | 17,976 | ||||||
Colbun S.A. | 194,190 | 40,042 | ||||||
Empresa Nacional de Telecomunicaciones S.A. | 1,258 | 12,785 | ||||||
Empresas CMPC S.A. | 7,789 | 21,338 | ||||||
Empresas COPEC S.A. | 1,645 | 17,987 | ||||||
Enel Americas S.A. | 431,977 | 76,037 | ||||||
Enel Chile S.A. | 421,381 | 39,969 | ||||||
Engie Energia Chile S.A. | 7,488 | 13,775 | ||||||
Grupo Security S.A. | 21,891 | 8,938 | ||||||
Inversiones Aguas Metropolitanas S.A. | 13,159 | 20,351 | ||||||
Parque Arauco S.A. | 7,407 | 20,520 | ||||||
S.A.C.I. Falabella | 5,871 | 38,263 | ||||||
Sociedad Matriz SAAM S.A. | 161,063 | 15,320 | ||||||
SONDA S.A. | 10,016 | 13,934 | ||||||
Vina Concha y Toro S.A. | 6,511 | 13,761 | ||||||
|
| |||||||
| Total Chile |
| 577,432 | ||||||
| China – 27.7% |
| |||||||
AAC Technologies Holdings, Inc. | 8,000 | 45,414 | ||||||
Agile Group Holdings Ltd. | 42,000 | 56,233 | ||||||
Agricultural Bank of China Ltd. Class A | 98,000 | 51,366 | ||||||
Agricultural Bank of China Ltd. Class H | 386,000 | 161,564 | ||||||
Air China Ltd. Class H | 18,000 | 18,156 | ||||||
Aisino Corp. Class A | 2,900 | 9,732 | ||||||
Angang Steel Co., Ltd. Class H(a) | 28,600 | 13,032 | ||||||
Anhui Conch Cement Co., Ltd. Class A | 6,500 | 39,275 | ||||||
Anhui Conch Cement Co., Ltd. Class H | 14,500 | 90,851 | ||||||
Anhui Expressway Co., Ltd. Class H | 26,000 | 16,008 | ||||||
ANTA Sports Products Ltd. | 13,000 | 89,274 | ||||||
Anxin Trust Co., Ltd. Class A* | 12,600 | 9,264 | ||||||
Bank of Beijing Co., Ltd. Class A | 33,900 | 29,170 | ||||||
Bank of China Ltd. Class A | 81,400 | 44,325 | ||||||
Bank of China Ltd. Class H | 1,082,000 | 457,037 | ||||||
Bank of Communications Co., Ltd. Class A | 64,600 | 57,562 | ||||||
Bank of Communications Co., Ltd. Class H | 299,000 | 226,953 | ||||||
Bank of Jiangsu Co., Ltd. Class A | 16,400 | 17,335 | ||||||
Bank of Nanjing Co., Ltd. Class A | 15,800 | 19,001 | ||||||
Bank of Ningbo Co., Ltd. Class A | 4,600 | 16,235 | ||||||
Bank of Shanghai Co., Ltd. Class A | 10,900 | 18,806 | ||||||
Baoshan Iron & Steel Co., Ltd. Class A | 45,100 | 42,682 | ||||||
Beijing Capital International Airport Co., Ltd. Class H | 22,000 | 19,290 | ||||||
Beijing Enterprises Holdings Ltd. | 5,500 | 27,949 | ||||||
Beijing Enterprises Water Group Ltd.* | 130,000 | 77,210 | ||||||
Beijing Jingneng Clean Energy Co., Ltd. Class H | 66,000 | 11,405 | ||||||
BOE Technology Group Co., Ltd. Class A | 42,000 | 21,036 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 57 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
Brilliance China Automotive Holdings Ltd. | 18,000 | $ | 19,907 | |||||
CGN Power Co., Ltd. Class H(b) | 147,000 | 40,454 | ||||||
Changjiang Securities Co., Ltd. Class A | 17,300 | 19,672 | ||||||
China Aoyuan Group Ltd. | 27,000 | 37,947 | ||||||
China BlueChemical Ltd. Class H | 34,000 | 9,270 | ||||||
China Cinda Asset Management Co., Ltd. Class H | 177,000 | 40,781 | ||||||
China CITIC Bank Corp., Ltd. Class A | 10,000 | 8,692 | ||||||
China CITIC Bank Corp., Ltd. Class H | 162,000 | 92,275 | ||||||
China Communications Construction Co., Ltd. Class H | 58,000 | 51,894 | ||||||
China Communications Services Corp., Ltd. Class H | 22,000 | 17,065 | ||||||
China Conch Venture Holdings Ltd. | 15,000 | 52,992 | ||||||
China Construction Bank Corp. Class A | 13,000 | 14,082 | ||||||
China Construction Bank Corp. Class H | 1,396,000 | 1,202,570 | ||||||
China Everbright Bank Co., Ltd. Class A | 50,700 | 28,124 | ||||||
China Everbright Bank Co., Ltd. Class H | 46,000 | 21,079 | ||||||
China Everbright International Ltd. | 44,407 | 40,982 | ||||||
China Evergrande Group(a) | 47,000 | 131,750 | ||||||
China Fortune Land Development Co., Ltd. Class A | 3,100 | 14,700 | ||||||
China Galaxy Securities Co., Ltd. Class H | 45,500 | 26,965 | ||||||
China Gas Holdings Ltd. | 13,600 | 50,570 | ||||||
China Gezhouba Group Co., Ltd. Class A* | 10,100 | 9,161 | ||||||
China Hongqiao Group Ltd. | 28,500 | 20,100 | ||||||
China International Marine Containers Group Co., Ltd. Class H | 9,840 | 9,900 | ||||||
China Jinmao Holdings Group Ltd. | 102,000 | 62,016 | ||||||
China Lesso Group Holdings Ltd. | 34,000 | 27,331 | ||||||
China Life Insurance Co., Ltd. Class A | 3,200 | 13,195 | ||||||
China Life Insurance Co., Ltd. Class H | 45,000 | 110,822 | ||||||
China Lilang Ltd. | 19,000 | 17,462 | ||||||
China Longyuan Power Group Corp., Ltd. Class H | 20,000 | 12,826 | ||||||
China Medical System Holdings Ltd. | 20,000 | 18,330 | ||||||
China Mengniu Dairy Co., Ltd.* | 4,000 | 15,488 | ||||||
China Merchants Bank Co., Ltd. Class A | 29,100 | 152,442 | ||||||
China Merchants Bank Co., Ltd. Class H | 30,500 | 152,061 | ||||||
China Merchants Securities Co., Ltd. Class H(b) | 12,400 | 15,285 | ||||||
China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A* | 4,900 | 14,911 | ||||||
China Minsheng Banking Corp., Ltd. Class A | 60,200 | 55,657 | ||||||
China Mobile Ltd. | 87,500 | 796,880 | ||||||
China Molybdenum Co., Ltd. Class H(a) | 51,000 | 16,124 | ||||||
China National Building Material Co., Ltd. Class H | 28,000 | 24,550 | ||||||
China Oriental Group Co., Ltd. | 32,000 | 18,719 | ||||||
China Overseas Land & Investment Ltd. | 32,000 | 117,965 | ||||||
China Pacific Insurance Group Co., Ltd. Class A | 6,400 | 34,021 | ||||||
China Pacific Insurance Group Co., Ltd. Class H | 19,600 | 76,644 | ||||||
China Petroleum & Chemical Corp. Class A | 81,300 | 64,748 | ||||||
China Petroleum & Chemical Corp. Class H | 870,000 | 591,322 | ||||||
China Power International Development Ltd. | 133,666 | 32,679 | ||||||
China Railway Construction Corp., Ltd. Class A | 8,000 | 11,589 | ||||||
China Railway Construction Corp., Ltd. Class H | 9,500 | 11,649 | ||||||
China Railway Group Ltd. Class H | 21,000 | 15,967 | ||||||
China Railway Signal & Communication Corp., Ltd. Class H(b) | 18,000 | 13,087 | ||||||
| Investments | Shares | Value | ||||||
China Reinsurance Group Corp. Class H | 84,000 | $ | 14,945 | |||||
China Resources Beer Holdings Co., Ltd. | 4,000 | 18,995 | ||||||
China Resources Cement Holdings Ltd. | 38,000 | 36,820 | ||||||
China Resources Gas Group Ltd. | 6,000 | 29,760 | ||||||
China Resources Land Ltd. | 28,000 | 123,290 | ||||||
China Resources Pharmaceutical Group Ltd.(b) | 9,500 | 10,713 | ||||||
China Resources Power Holdings Co., Ltd. | 40,000 | 58,368 | ||||||
China Sanjiang Fine Chemicals Co., Ltd. | 64,000 | 13,681 | ||||||
China SCE Group Holdings Ltd. | 45,000 | 21,658 | ||||||
China Shenhua Energy Co., Ltd. Class A | 8,100 | 24,035 | ||||||
China Shenhua Energy Co., Ltd. Class H | 69,000 | 144,492 | ||||||
China South City Holdings Ltd. | 104,000 | 15,309 | ||||||
China Southern Airlines Co., Ltd. Class H | 22,000 | 15,319 | ||||||
China State Construction Engineering Corp., Ltd. Class A | 52,300 | 43,784 | ||||||
China State Construction International Holdings Ltd. | 30,000 | 30,797 | ||||||
China Suntien Green Energy Corp., Ltd. Class H | 49,000 | 12,920 | ||||||
China Telecom Corp., Ltd. Class H | 148,000 | 74,450 | ||||||
China Unicom Hong Kong Ltd. | 20,000 | 21,939 | ||||||
China Vanke Co., Ltd. Class A | 14,700 | 59,521 | ||||||
China Vanke Co., Ltd. Class H | 14,900 | 55,881 | ||||||
China Yangtze Power Co., Ltd. Class A* | 31,200 | 81,313 | ||||||
China Yongda Automobiles Services Holdings Ltd. | 30,000 | 27,456 | ||||||
China ZhengTong Auto Services Holdings Ltd. | 24,500 | 10,161 | ||||||
China Zhongwang Holdings Ltd. | 51,200 | 25,821 | ||||||
Chongqing Rural Commercial Bank Co., Ltd. Class H | 34,000 | 18,496 | ||||||
CIFI Holdings Group Co., Ltd. | 68,000 | 44,826 | ||||||
CITIC Ltd. | 81,000 | 116,744 | ||||||
CITIC Securities Co., Ltd. Class A | 13,800 | 47,840 | ||||||
CITIC Securities Co., Ltd. Class H* | 18,500 | 38,551 | ||||||
CITIC Telecom International Holdings Ltd. | 53,000 | 21,030 | ||||||
CNOOC Ltd. | 241,000 | 412,129 | ||||||
Country Garden Holdings Co., Ltd. | 101,000 | 153,585 | ||||||
CRRC Corp., Ltd. Class A | 17,200 | 20,259 | ||||||
CRRC Corp., Ltd. Class H | 34,000 | 28,419 | ||||||
CSPC Pharmaceutical Group Ltd. | 22,000 | 35,482 | ||||||
Dah Chong Hong Holdings Ltd. | 49,000 | 16,370 | ||||||
Dali Foods Group Co., Ltd.(b) | 29,000 | 19,265 | ||||||
Daqin Railway Co., Ltd. Class A | 31,800 | 37,456 | ||||||
Datang International Power Generation Co., Ltd. Class H | 54,000 | 13,548 | ||||||
Dongfeng Motor Group Co., Ltd. Class H | 52,000 | 42,598 | ||||||
Dongyue Group Ltd. | 30,000 | 18,432 | ||||||
ENN Energy Holdings Ltd. | 4,900 | 47,667 | ||||||
Fangda Carbon New Material Co., Ltd. Class A* | 14,602 | 26,129 | ||||||
Fangda Special Steel Technology Co., Ltd. Class A | 6,300 | 8,971 | ||||||
Fosun International Ltd. | 29,000 | 38,531 | ||||||
Fufeng Group Ltd.* | 32,000 | 17,490 | ||||||
Future Land Development Holdings Ltd. | 22,000 | 28,948 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class A | 3,500 | 11,583 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(b) | 6,000 | 18,624 | ||||||
GD Power Development Co., Ltd. Class A | 44,200 | 16,346 | ||||||
Geely Automobile Holdings Ltd. | 45,000 | 76,954 | ||||||
Gemdale Corp. Class A | 10,700 | 18,586 | ||||||
See Notes to Financial Statements.
| 58 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
GF Securities Co., Ltd. Class A | 6,400 | $ | 12,803 | |||||
Golden Eagle Retail Group Ltd. | 13,000 | 15,142 | ||||||
Great Wall Motor Co., Ltd. Class H(a) | 50,000 | 35,776 | ||||||
Greatview Aseptic Packaging Co., Ltd. | 21,000 | 11,988 | ||||||
Greenland Holdings Group Co., Ltd. Class A | 11,100 | 11,038 | ||||||
Guangdong Investment Ltd. | 36,000 | 71,240 | ||||||
Guangzhou Automobile Group Co., Ltd. Class H | 69,200 | 73,872 | ||||||
Guangzhou R&F Properties Co., Ltd. Class H | 25,600 | 49,218 | ||||||
Guotai Junan Securities Co., Ltd. Class A | 8,200 | 21,908 | ||||||
Guotai Junan Securities Co., Ltd. Class H(b) | 4,200 | 7,483 | ||||||
Haier Electronics Group Co., Ltd.* | 10,000 | 27,648 | ||||||
Haier Smart Home Co., Ltd. Class A | 7,900 | 19,887 | ||||||
Haitian International Holdings Ltd. | 12,000 | 24,914 | ||||||
Haitong Securities Co., Ltd. Class A | 16,500 | 34,089 | ||||||
Haitong Securities Co., Ltd. Class H | 27,200 | 30,499 | ||||||
Hangzhou Hikvision Digital Technology Co., Ltd. Class A | 6,300 | 25,298 | ||||||
Harbin Pharmaceutical Group Co., Ltd. Class A* | 26,000 | 15,672 | ||||||
Henan Shuanghui Investment & Development Co., Ltd. Class A | 3,600 | 13,046 | ||||||
Hengan International Group Co., Ltd. | 10,000 | 73,536 | ||||||
Hisense Home Appliances Group Co., Ltd. Class H | 13,000 | 15,775 | ||||||
HLA Corp., Ltd. Class A | 7,500 | 9,904 | ||||||
Hopson Development Holdings Ltd. | 20,000 | 21,632 | ||||||
Huabao International Holdings Ltd. | 35,000 | 14,784 | ||||||
Huadian Fuxin Energy Corp., Ltd. Class H | 58,000 | 10,616 | ||||||
Huaneng Power International, Inc. Class H | 38,000 | 22,374 | ||||||
Huaneng Renewables Corp., Ltd. Class H | 52,000 | 14,310 | ||||||
Huaxia Bank Co., Ltd. Class A | 8,200 | 9,193 | ||||||
Huayu Automotive Systems Co., Ltd. Class A | 6,800 | 21,385 | ||||||
Industrial & Commercial Bank of China Ltd. Class A | 61,200 | 52,483 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 989,000 | 721,574 | ||||||
Industrial Bank Co., Ltd. Class A | 41,600 | 110,779 | ||||||
Inner Mongolia Yili Industrial Group Co., Ltd. Class A | 12,200 | 59,345 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 24,000 | 34,161 | ||||||
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A | 1,400 | 24,778 | ||||||
Jiangxi Copper Co., Ltd. Class H | 17,000 | 22,630 | ||||||
Jiayuan International Group Ltd.(a) | 4,000 | 1,761 | ||||||
Jinke Properties Group Co., Ltd. Class A | 14,600 | 12,818 | ||||||
JNBY Design Ltd. | 7,000 | 12,831 | ||||||
Kingboard Holdings Ltd. | 16,500 | 45,936 | ||||||
Kingboard Laminates Holdings Ltd. | 38,500 | 35,284 | ||||||
Kunlun Energy Co., Ltd. | 34,000 | 29,637 | ||||||
Kweichow Moutai Co., Ltd. Class A | 600 | 85,960 | ||||||
KWG Group Holdings Ltd.* | 32,500 | 32,989 | ||||||
Lee & Man Paper Manufacturing Ltd. | 33,000 | 23,105 | ||||||
Lenovo Group Ltd. | 126,000 | 97,574 | ||||||
Livzon Pharmaceutical Group, Inc. Class H | 4,300 | 14,310 | ||||||
Logan Property Holdings Co., Ltd. | 20,000 | 32,358 | ||||||
Longfor Group Holdings Ltd. | 18,500 | 69,738 | ||||||
Lonking Holdings Ltd. | 47,000 | 12,513 | ||||||
Luye Pharma Group Ltd.(a)(b) | 15,500 | 11,229 | ||||||
Luzhou Laojiao Co., Ltd. Class A | 2,100 | 24,714 | ||||||
Maanshan Iron & Steel Co., Ltd. Class H(a) | 34,000 | 13,491 | ||||||
| Investments | Shares | Value | ||||||
Metallurgical Corp. of China Ltd. Class H | 49,000 | $ | 13,108 | |||||
MGM China Holdings Ltd. | 6,000 | 10,199 | ||||||
Minth Group Ltd. | 8,000 | 21,555 | ||||||
NARI Technology Co., Ltd. Class A | 3,600 | 9,770 | ||||||
New China Life Insurance Co., Ltd. Class H | 4,400 | 21,402 | ||||||
Nine Dragons Paper Holdings Ltd. | 31,000 | 27,498 | ||||||
Orient Securities Co., Ltd. Class H(b) | 18,000 | 11,750 | ||||||
People’s Insurance Co. Group of China Ltd. (The) Class H | 29,000 | 11,322 | ||||||
PetroChina Co., Ltd. Class A | 26,900 | 26,946 | ||||||
PetroChina Co., Ltd. Class H | 214,000 | 118,060 | ||||||
PICC Property & Casualty Co., Ltd. Class H | 54,000 | 58,268 | ||||||
Ping An Bank Co., Ltd. Class A | 8,100 | 16,251 | ||||||
Ping An Insurance Group Co. of China Ltd. Class A | 16,200 | 209,001 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 30,000 | 360,192 | ||||||
Poly Developments and Holdings Group Co., Ltd. Class A | 17,100 | 31,769 | ||||||
Postal Savings Bank of China Co., Ltd. Class H(b) | 68,000 | 40,387 | ||||||
Powerlong Real Estate Holdings Ltd. | 45,000 | 22,464 | ||||||
Red Star Macalline Group Corp., Ltd. Class H(b) | 15,800 | 13,833 | ||||||
SAIC Motor Corp., Ltd. Class A | 19,700 | 73,140 | ||||||
Sansteel Minguang Co., Ltd. Fujian Class A | 6,900 | 9,343 | ||||||
Sany Heavy Industry Co., Ltd. Class A | 11,100 | 21,139 | ||||||
Shaanxi Coal Industry Co., Ltd. Class A | 16,100 | 21,660 | ||||||
Shandong Buchang Pharmaceuticals Co., Ltd. Class A | 3,000 | 11,256 | ||||||
Shandong Chenming Paper Holdings Ltd. Class H | 23,500 | 10,317 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 8,000 | 7,250 | ||||||
Shanghai Electric Group Co., Ltd. Class H | 42,000 | 15,214 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 2,500 | 7,568 | ||||||
Shanghai Industrial Holdings Ltd. | 15,000 | 32,525 | ||||||
Shanghai International Port Group Co., Ltd. Class A | 21,100 | 20,952 | ||||||
Shanghai Oriental Pearl Group Co., Ltd. Class A | 6,700 | 10,282 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 9,400 | 18,481 | ||||||
Shanghai Pudong Development Bank Co., Ltd. Class A | 12,600 | 21,427 | ||||||
Shenzhen Expressway Co., Ltd. Class H | 10,000 | 12,019 | ||||||
Shenzhen International Holdings Ltd. | 11,245 | 22,310 | ||||||
Shenzhen Investment Ltd. | 72,000 | 26,542 | ||||||
Shenzhen Overseas Chinese Town Co., Ltd. Class A | 16,200 | 16,393 | ||||||
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A | 18,900 | 12,906 | ||||||
Shenzhou International Group Holdings Ltd. | 4,800 | 65,987 | ||||||
Shimao Property Holdings Ltd. | 20,000 | 60,928 | ||||||
Shougang Fushan Resources Group Ltd. | 134,000 | 29,158 | ||||||
Shui On Land Ltd. | 77,500 | 17,955 | ||||||
Sichuan Expressway Co., Ltd. Class H | 30,000 | 9,216 | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. | 46,000 | 10,363 | ||||||
Sino Biopharmaceutical Ltd. | 28,000 | 28,636 | ||||||
Sino-Ocean Group Holding Ltd. | 79,500 | 33,784 | ||||||
Sinopec Engineering Group Co., Ltd. Class H | 16,000 | 13,558 | ||||||
Sinopec Kantons Holdings Ltd. | 24,000 | 10,045 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 59 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 106,000 | $ | 42,061 | |||||
Sinopharm Group Co., Ltd. Class H | 8,400 | 29,568 | ||||||
Sinotruk Hong Kong Ltd. | 13,500 | 23,363 | ||||||
SITC International Holdings Co., Ltd. | 31,000 | 31,585 | ||||||
SSY Group Ltd. | 10,000 | 9,037 | ||||||
Sun Art Retail Group Ltd. | 15,000 | 14,208 | ||||||
Sunac China Holdings Ltd. | 16,000 | 78,643 | ||||||
Sunny Optical Technology Group Co., Ltd. | 2,800 | 28,923 | ||||||
TBEA Co., Ltd. Class A | 13,100 | 13,828 | ||||||
TCL Corp. Class A | 39,800 | 19,296 | ||||||
TCL Electronics Holdings Ltd. | 28,000 | 13,512 | ||||||
Tencent Holdings Ltd. | 6,200 | 279,823 | ||||||
Tianneng Power International Ltd. | 22,000 | 17,713 | ||||||
Tingyi Cayman Islands Holding Corp. | 8,000 | 13,353 | ||||||
Tong Ren Tang Technologies Co., Ltd. Class H | 13,000 | 15,492 | ||||||
TravelSky Technology Ltd. Class H | 10,000 | 20,096 | ||||||
Tsingtao Brewery Co., Ltd. Class H | 2,000 | 12,736 | ||||||
Uni-President China Holdings Ltd. | 13,000 | 14,477 | ||||||
Want Want China Holdings Ltd. | 65,000 | 52,832 | ||||||
Weichai Power Co., Ltd. Class A | 17,700 | 31,672 | ||||||
Weichai Power Co., Ltd. Class H | 43,000 | 72,653 | ||||||
Weifu High-Technology Group Co., Ltd. Class A | 3,400 | 9,188 | ||||||
Wens Foodstuffs Group Co., Ltd. Class A | 5,900 | 30,804 | ||||||
WH Group Ltd.(b) | 158,000 | 160,174 | ||||||
Wuliangye Yibin Co., Ltd. Class A | 3,500 | 60,106 | ||||||
Xinyi Glass Holdings Ltd. | 58,000 | 60,877 | ||||||
Xinyi Solar Holdings Ltd. | 78,000 | 38,438 | ||||||
XTEP International Holdings Ltd. | 29,500 | 17,785 | ||||||
Yanzhou Coal Mining Co., Ltd. Class H | 38,000 | 35,507 | ||||||
Yonghui Superstores Co., Ltd. Class A | 8,200 | 12,190 | ||||||
Yuexiu Property Co., Ltd. | 154,000 | 34,890 | ||||||
Yuzhou Properties Co., Ltd. | 50,000 | 23,488 | ||||||
Zhejiang Chint Electrics Co., Ltd. Class A | 3,400 | 11,430 | ||||||
Zhejiang Zheneng Electric Power Co., Ltd. Class A | 17,900 | 11,519 | ||||||
Zhengzhou Yutong Bus Co., Ltd. Class A | 5,400 | 10,237 | ||||||
Zhongsheng Group Holdings Ltd. | 6,000 | 16,704 | ||||||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 3,000 | 15,802 | ||||||
Zijin Mining Group Co., Ltd. Class A | 28,800 | 15,808 | ||||||
Zijin Mining Group Co., Ltd. Class H | 70,000 | 28,403 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class A | 26,600 | 23,276 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H | 42,600 | 27,973 | ||||||
|
| |||||||
| Total China |
| 13,957,781 | ||||||
| Czech Republic – 0.4% |
| |||||||
CEZ AS | 3,277 | 79,201 | ||||||
Komercni Banka AS | 1,193 | 47,575 | ||||||
Moneta Money Bank AS(b) | 10,255 | 35,158 | ||||||
O2 Czech Republic AS | 2,506 | 24,844 | ||||||
|
| |||||||
| Total Czech Republic |
| 186,778 | ||||||
| Hong Kong – 0.2% |
| |||||||
China Water Affairs Group Ltd. | 10,000 | 9,843 | ||||||
Chow Tai Fook Jewellery Group Ltd. | 34,400 | 37,427 | ||||||
| Investments | Shares | Value | ||||||
CP Pokphand Co., Ltd. | 122,000 | $ | 10,463 | |||||
Stella International Holdings Ltd. | 20,000 | 33,792 | ||||||
United Energy Group Ltd.* | 74,000 | 14,492 | ||||||
|
| |||||||
| Total Hong Kong |
| 106,017 | ||||||
| Hungary – 0.3% |
| |||||||
Magyar Telekom Telecommunications PLC | 9,076 | 13,481 | ||||||
MOL Hungarian Oil & Gas PLC | 5,326 | 59,229 | ||||||
OTP Bank Nyrt | 1,468 | 58,526 | ||||||
Richter Gedeon Nyrt | 772 | 14,259 | ||||||
|
| |||||||
| Total Hungary |
| 145,495 | ||||||
| India – 5.4% |
| |||||||
Adani Ports & Special Economic Zone Ltd. | 3,873 | 23,016 | ||||||
Amara Raja Batteries Ltd. | 1,262 | 11,334 | ||||||
Ambuja Cements Ltd. | 4,468 | 13,777 | ||||||
Apollo Tyres Ltd. | 3,362 | 9,773 | ||||||
Ashok Leyland Ltd. | 11,972 | 15,133 | ||||||
Asian Paints Ltd. | 1,291 | 25,401 | ||||||
Bajaj Auto Ltd. | 684 | 28,014 | ||||||
Bharat Heavy Electricals Ltd. | 13,867 | 14,695 | ||||||
Bharat Petroleum Corp., Ltd. | 23,148 | 131,606 | ||||||
Bharti Airtel Ltd. | 12,429 | 62,417 | ||||||
Bharti Infratel Ltd. | 18,826 | 72,833 | ||||||
Cadila Healthcare Ltd. | 1,817 | 6,362 | ||||||
Care Ratings Ltd. | 1,017 | 13,889 | ||||||
Castrol India Ltd. | 7,170 | 13,768 | ||||||
Coal India Ltd. | 33,438 | 122,945 | ||||||
Cummins India Ltd. | 1,066 | 11,799 | ||||||
Dr. Reddy’s Laboratories Ltd. | 422 | 15,592 | ||||||
Eicher Motors Ltd. | 45 | 12,477 | ||||||
GAIL India Ltd. | 5,678 | 25,660 | ||||||
Godrej Consumer Products Ltd. | 2,201 | 21,144 | ||||||
Grasim Industries Ltd. | 1,426 | 18,884 | ||||||
HCL Technologies Ltd. | 2,028 | 31,279 | ||||||
HEG Ltd. | 172 | 3,659 | ||||||
Hero MotoCorp Ltd. | 1,264 | 47,271 | ||||||
Hindustan Petroleum Corp., Ltd. | 20,132 | 84,594 | ||||||
Hindustan Unilever Ltd. | 3,924 | 101,620 | ||||||
ICICI Bank Ltd. ADR | 3,375 | 42,491 | ||||||
IDFC Bank Ltd. | 20,891 | 13,090 | ||||||
Indian Oil Corp., Ltd. | 74,644 | 168,585 | ||||||
Infosys Ltd. ADR | 34,769 | 372,028 | ||||||
InterGlobe Aviation Ltd.(b) | 642 | 14,490 | ||||||
IRB Infrastructure Developers Ltd. | 5,500 | 7,641 | ||||||
ITC Ltd. | 22,652 | 89,866 | ||||||
JSW Steel Ltd. | 4,912 | 19,683 | ||||||
Karnataka Bank Ltd. (The) | 9,862 | 14,844 | ||||||
Larsen & Toubro Ltd. GDR Reg S | 1,940 | 43,359 | ||||||
Lupin Ltd. | 1,136 | 12,421 | ||||||
Mahindra & Mahindra Ltd. GDR | 3,775 | 35,108 | ||||||
Marico Ltd. | 4,271 | 22,927 | ||||||
Maruti Suzuki India Ltd. | 606 | 57,368 | ||||||
Motherson Sumi Systems Ltd. | 6,715 | 11,863 | ||||||
National Aluminium Co., Ltd. | 20,044 | 14,345 | ||||||
See Notes to Financial Statements.
| 60 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
Nestle India Ltd. | 146 | $ | 25,196 | |||||
NHPC Ltd. | 93,667 | 33,652 | ||||||
NLC India Ltd. | 8,013 | 7,604 | ||||||
NTPC Ltd. | 32,029 | 65,587 | ||||||
Oil India Ltd. | 6,569 | 16,939 | ||||||
Petronet LNG Ltd. | 6,605 | 23,453 | ||||||
Piramal Enterprises Ltd. | 531 | 14,973 | ||||||
Power Grid Corp. of India Ltd. | 17,291 | 51,827 | ||||||
Reliance Industries Ltd. | 7,008 | 127,221 | ||||||
Reliance Infrastructure Ltd. | 2,820 | 2,271 | ||||||
Sun Pharmaceutical Industries Ltd. | 2,236 | 12,988 | ||||||
Sun TV Network Ltd. | 991 | 7,249 | ||||||
Tata Consultancy Services Ltd. | 4,725 | 152,454 | ||||||
Tata Power Co., Ltd. (The) | 16,412 | 16,406 | ||||||
Tata Steel Ltd. | 2,320 | 16,953 | ||||||
Tech Mahindra Ltd. | 4,365 | 44,682 | ||||||
UPL Ltd. | 2,586 | 35,120 | ||||||
Vedanta Ltd. | 26,389 | 66,654 | ||||||
Vedanta Ltd. ADR | 9,390 | 95,496 | ||||||
Wipro Ltd. ADR | 2,140 | 9,266 | ||||||
Yes Bank Ltd. | 4,586 | 7,225 | ||||||
Zee Entertainment Enterprises Ltd. | 2,819 | 13,830 | ||||||
|
| |||||||
| Total India |
| 2,726,097 | ||||||
| Indonesia – 2.5% |
| |||||||
Adaro Energy Tbk PT | 391,800 | 37,717 | ||||||
AKR Corporindo Tbk PT | 42,600 | 12,333 | ||||||
Astra International Tbk PT | 205,000 | 108,105 | ||||||
Bank Central Asia Tbk PT | 36,600 | 77,656 | ||||||
Bank Mandiri Persero Tbk PT | 155,000 | 88,046 | ||||||
Bank Negara Indonesia Persero Tbk PT | 79,500 | 51,771 | ||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 63,400 | 7,584 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 496,200 | 153,136 | ||||||
Bank Tabungan Negara Persero Tbk PT | 52,900 | 9,211 | ||||||
Bukit Asam Tbk PT | 86,400 | 18,103 | ||||||
Charoen Pokphand Indonesia Tbk PT | 34,900 | 11,685 | ||||||
Gudang Garam Tbk PT | 6,300 | 34,282 | ||||||
Hanjaya Mandala Sampoerna Tbk PT | 117,700 | 26,160 | ||||||
Indo Tambangraya Megah Tbk PT | 19,400 | 24,100 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 30,300 | 42,895 | ||||||
Indofood CBP Sukses Makmur Tbk PT | 22,900 | 16,453 | ||||||
Indofood Sukses Makmur Tbk PT | 68,300 | 33,963 | ||||||
Japfa Comfeed Indonesia Tbk PT | 105,200 | 11,542 | ||||||
Jasa Marga Persero Tbk PT | 31,600 | 12,806 | ||||||
Kalbe Farma Tbk PT | 180,400 | 18,643 | ||||||
Matahari Department Store Tbk PT | 81,200 | 19,829 | ||||||
Perusahaan Gas Negara Tbk PT | 58,600 | 8,752 | ||||||
Semen Indonesia Persero Tbk PT | 25,300 | 20,729 | ||||||
Surya Citra Media Tbk PT | 110,700 | 12,616 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 902,400 | 264,444 | ||||||
Tower Bersama Infrastructure Tbk PT | 33,700 | 9,041 | ||||||
Unilever Indonesia Tbk PT | 10,600 | 33,764 | ||||||
United Tractors Tbk PT | 17,400 | 34,732 | ||||||
| Investments | Shares | Value | ||||||
Waskita Beton Precast Tbk PT | 480,900 | $ | 13,616 | |||||
Waskita Karya Persero Tbk PT | 73,600 | 10,471 | ||||||
Wijaya Karya Persero Tbk PT | 66,700 | 11,473 | ||||||
|
| |||||||
| Total Indonesia |
| 1,235,658 | ||||||
| Malaysia – 2.8% |
| |||||||
AirAsia Group Bhd | 31,500 | 20,809 | ||||||
Alliance Bank Malaysia Bhd | 17,500 | 15,923 | ||||||
AMMB Holdings Bhd | 20,700 | 21,188 | ||||||
Astro Malaysia Holdings Bhd | 82,700 | 29,018 | ||||||
Berjaya Sports Toto Bhd | 35,100 | 23,443 | ||||||
Bermaz Auto Bhd | 34,000 | 21,885 | ||||||
British American Tobacco Malaysia Bhd | 2,600 | 18,120 | ||||||
Carlsberg Brewery Malaysia Bhd | 4,300 | 26,700 | ||||||
CIMB Group Holdings Bhd | 53,400 | 69,520 | ||||||
Dialog Group Bhd | 25,400 | 20,037 | ||||||
DiGi.Com Bhd | 40,000 | 48,881 | ||||||
FGV Holdings Bhd* | 33,500 | 9,079 | ||||||
Gamuda Bhd | 47,800 | 43,491 | ||||||
Genting Malaysia Bhd | 33,500 | 26,265 | ||||||
HAP Seng Consolidated Bhd | 7,800 | 18,780 | ||||||
Heineken Malaysia Bhd | 3,400 | 19,302 | ||||||
Hong Leong Bank Bhd | 4,400 | 20,230 | ||||||
IHH Healthcare Bhd | 14,000 | 19,649 | ||||||
IJM Corp. Bhd | 44,900 | 26,076 | ||||||
Inari Amertron Bhd | 29,200 | 11,306 | ||||||
IOI Corp. Bhd | 23,800 | 24,477 | ||||||
IOI Properties Group Bhd | 28,500 | 9,517 | ||||||
Kuala Lumpur Kepong Bhd | 4,300 | 25,556 | ||||||
Lotte Chemical Titan Holding Bhd(b) | 12,900 | 9,302 | ||||||
Mah Sing Group Bhd | 46,400 | 10,330 | ||||||
Malayan Banking Bhd | 78,000 | 167,608 | ||||||
Malaysia Airports Holdings Bhd | 9,200 | 18,990 | ||||||
Maxis Bhd | 23,600 | 31,809 | ||||||
MISC Bhd | 24,700 | 42,736 | ||||||
Petronas Chemicals Group Bhd | 26,700 | 54,272 | ||||||
Petronas Dagangan Bhd | 3,700 | 22,742 | ||||||
Petronas Gas Bhd | 9,700 | 40,748 | ||||||
Public Bank Bhd | 17,500 | 97,399 | ||||||
RHB Bank Bhd | 16,000 | 21,643 | ||||||
Sime Darby Bhd | 161,600 | 83,272 | ||||||
SP Setia Bhd | 29,000 | 15,158 | ||||||
Telekom Malaysia Bhd | 49,800 | 48,203 | ||||||
Tenaga Nasional Bhd | 37,100 | 124,250 | ||||||
Westports Holdings Bhd | 19,200 | 18,306 | ||||||
YTL Corp. Bhd | 95,800 | 25,964 | ||||||
YTL Power International Bhd | 73,024 | 14,490 | ||||||
|
| |||||||
| Total Malaysia | 1,416,474 | |||||||
| Mexico – 2.1% | ||||||||
Alfa S.A.B. de C.V. Class A | 30,519 | 29,960 | ||||||
Alsea S.A.B. de C.V.* | 4,136 | 8,133 | ||||||
Arca Continental S.A.B. de C.V. | 3,205 | 17,325 | ||||||
Banco del Bajio S.A.(b) | 5,469 | 10,928 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 61 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander | 12,982 | $ | 19,846 | |||||
Bolsa Mexicana de Valores S.A.B. de C.V. | 7,470 | 14,126 | ||||||
Concentradora Fibra Danhos S.A. de C.V. | 19,568 | 25,881 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. | 10,473 | 101,374 | ||||||
GMexico Transportes S.A.B. de C.V.(b) | 5,601 | 6,907 | ||||||
Gruma S.A.B. de C.V. Class B | 1,717 | 16,100 | ||||||
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 4,292 | 26,188 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B | 6,961 | 72,423 | ||||||
Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B | 1,584 | 25,649 | ||||||
Grupo Bimbo S.A.B. de C.V. Series A | 7,737 | 16,121 | ||||||
Grupo Financiero Banorte S.A.B. de C.V. Class O | 18,686 | 108,313 | ||||||
Grupo Financiero Inbursa S.A.B. de C.V. Class O | 11,662 | 16,851 | ||||||
Grupo Lala S.A.B. de C.V.(a) | 8,937 | 10,974 | ||||||
Grupo Mexico S.A.B. de C.V. Series B | 63,142 | 167,521 | ||||||
Grupo Televisa S.A.B. Series CPO | 5,601 | 9,461 | ||||||
Industrias Bachoco S.A.B. de C.V. Series B | 2,691 | 11,262 | ||||||
Industrias Penoles S.A.B. de C.V. | 1,630 | 21,067 | ||||||
Infraestructura Energetica Nova S.A.B. de C.V. | 6,441 | 25,276 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A* | 27,265 | 50,651 | ||||||
Macquarie Mexico Real Estate Management S.A. de C.V.(b) | 19,593 | 22,223 | ||||||
Mexichem S.A.B. de C.V. | 8,251 | 17,304 | ||||||
Nemak S.A.B. de C.V.(b) | 17,618 | 8,253 | ||||||
Prologis Property Mexico S.A. de C.V. | 8,402 | 17,415 | ||||||
Promotora y Operadora de Infraestructura S.A.B. de C.V. | 2,341 | 23,241 | ||||||
Regional S.A.B. de C.V. | 1,601 | 8,244 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. | 46,992 | 128,171 | ||||||
|
| |||||||
| Total Mexico | 1,037,188 | |||||||
| Philippines – 0.8% | ||||||||
Aboitiz Equity Ventures, Inc. | 26,660 | 28,619 | ||||||
Aboitiz Power Corp. | 28,700 | 19,494 | ||||||
Ayala Corp. | 1,090 | 19,019 | ||||||
Ayala Land, Inc. | 27,200 | 26,969 | ||||||
Bank of the Philippine Islands | 12,464 | 19,097 | ||||||
BDO Unibank, Inc. | 8,871 | 24,240 | ||||||
DMCI Holdings, Inc. | 76,200 | 15,319 | ||||||
Globe Telecom, Inc. | 500 | 22,075 | ||||||
International Container Terminal Services, Inc. | 9,100 | 26,003 | ||||||
Jollibee Foods Corp. | 2,370 | 13,035 | ||||||
Manila Electric Co. | 3,940 | 29,760 | ||||||
Metropolitan Bank & Trust Co. | 8,194 | 11,395 | ||||||
Pilipinas Shell Petroleum Corp. | 16,540 | 12,509 | ||||||
PLDT, Inc. | 1,510 | 38,019 | ||||||
Semirara Mining & Power Corp. | 28,660 | 12,950 | ||||||
SM Investments Corp. | 2,120 | 40,095 | ||||||
SM Prime Holdings, Inc. | 35,700 | 25,851 | ||||||
Universal Robina Corp. | 9,150 | 29,646 | ||||||
|
| |||||||
| Total Philippines | 414,095 | |||||||
| Investments | Shares | Value | ||||||
| Poland – 0.9% | ||||||||
Asseco Poland S.A. | 2,079 | $ | 29,714 | |||||
Bank Handlowy w Warszawie S.A. | 404 | 5,818 | ||||||
Bank Polska Kasa Opieki S.A. | 3,313 | 99,322 | ||||||
CCC S.A. | 160 | 7,234 | ||||||
Ciech S.A. | 1,309 | 14,655 | ||||||
Eurocash S.A. | 1,422 | 7,855 | ||||||
Grupa Lotos S.A. | 576 | 13,082 | ||||||
LC Corp. S.A. | 18,508 | 13,102 | ||||||
Polski Koncern Naftowy Orlen S.A. | 3,640 | 87,828 | ||||||
Powszechna Kasa Oszczednosci Bank Polski S.A. | 3,215 | 36,916 | ||||||
Powszechny Zaklad Ubezpieczen S.A. | 9,337 | 109,314 | ||||||
Warsaw Stock Exchange | 847 | 9,755 | ||||||
|
| |||||||
| Total Poland | 434,595 | |||||||
| Russia – 8.8% | ||||||||
Gazprom Neft PJSC ADR | 462 | 14,599 | ||||||
Gazprom PJSC ADR | 110,931 | 812,680 | ||||||
LSR Group PJSC GDR Reg S | 7,966 | 20,473 | ||||||
Lukoil PJSC ADR | 7,275 | 614,155 | ||||||
Magnit PJSC GDR Reg S | 7,711 | 112,388 | ||||||
Magnitogorsk Iron & Steel Works PJSC GDR Reg S | 4,828 | 44,418 | ||||||
MMC Norilsk Nickel PJSC ADR | 28,252 | 641,603 | ||||||
Mobile TeleSystems PJSC ADR | 18,212 | 169,554 | ||||||
Novatek PJSC GDR Reg S | 475 | 100,700 | ||||||
Novolipetsk Steel PJSC GDR Reg S | 4,075 | 102,853 | ||||||
PhosAgro PJSC GDR Reg S | 2,061 | 27,040 | ||||||
Polyus PJSC GDR Reg S | 1,259 | 58,216 | ||||||
Rosneft Oil Co. PJSC GDR Reg S | 20,504 | 134,301 | ||||||
Rostelecom PJSC ADR | 5,148 | 39,485 | ||||||
RusHydro PJSC ADR | 35,573 | 32,407 | ||||||
Sberbank of Russia PJSC ADR | 42,212 | 649,221 | ||||||
Severstal PJSC GDR Reg S | 8,862 | 149,325 | ||||||
Tatneft PJSC ADR | 8,779 | 647,890 | ||||||
VTB Bank PJSC GDR Reg S | 54,741 | 68,864 | ||||||
|
| |||||||
| Total Russia | 4,440,172 | |||||||
| Singapore – 0.0% | ||||||||
IGG, Inc. | 15,000 | 16,723 | ||||||
| South Africa – 5.6% | ||||||||
Absa Group Ltd. | 13,006 | 162,330 | ||||||
Aeci Ltd. | 3,323 | 21,560 | ||||||
African Rainbow Minerals Ltd. | 2,573 | 33,240 | ||||||
Anglo American Platinum Ltd. | 325 | 19,289 | ||||||
AngloGold Ashanti Ltd. | 924 | 16,644 | ||||||
Aspen Pharmacare Holdings Ltd. | 2,545 | 18,129 | ||||||
Assore Ltd. | 1,106 | 28,768 | ||||||
Astral Foods Ltd. | 1,343 | 14,763 | ||||||
AVI Ltd. | 6,433 | 41,679 | ||||||
Barloworld Ltd. | 3,375 | 30,636 | ||||||
Bid Corp., Ltd. | 2,516 | 54,774 | ||||||
Bidvest Group Ltd. (The) | 3,865 | 51,899 | ||||||
Capitec Bank Holdings Ltd. | 254 | 23,394 | ||||||
Clicks Group Ltd. | 2,396 | 34,882 | ||||||
Coronation Fund Managers Ltd. | 4,313 | 13,672 | ||||||
See Notes to Financial Statements.
| 62 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
Discovery Ltd. | 1,506 | $ | 15,925 | |||||
Exxaro Resources Ltd. | 5,929 | 72,315 | ||||||
FirstRand Ltd. | 39,145 | 190,294 | ||||||
Foschini Group Ltd. (The) | 4,360 | 55,747 | ||||||
Hyprop Investments Ltd. | 5,135 | 25,443 | ||||||
Imperial Logistics Ltd. | 3,035 | 11,069 | ||||||
Investec Ltd. | 3,921 | 25,543 | ||||||
JSE Ltd. | 1,625 | 16,133 | ||||||
KAP Industrial Holdings Ltd. | 21,969 | 8,709 | ||||||
Kumba Iron Ore Ltd.(a) | 2,015 | 71,359 | ||||||
Liberty Holdings Ltd. | 2,389 | 17,901 | ||||||
Life Healthcare Group Holdings Ltd. | 22,162 | 35,267 | ||||||
Massmart Holdings Ltd. | 1,420 | 6,264 | ||||||
Mondi Ltd. | 1,247 | 28,029 | ||||||
Mpact Ltd. | 4,706 | 7,402 | ||||||
Mr. Price Group Ltd. | 3,263 | 45,935 | ||||||
MTN Group Ltd. | 45,919 | 347,618 | ||||||
Naspers Ltd. Class N | 380 | 92,149 | ||||||
Nedbank Group Ltd. | 3,313 | 59,488 | ||||||
Netcare Ltd. | 25,817 | 32,918 | ||||||
Omnia Holdings Ltd. | 1,506 | 3,761 | ||||||
Pick n Pay Stores Ltd. | 4,977 | 24,353 | ||||||
Pioneer Foods Group Ltd. | 2,341 | 11,455 | ||||||
PSG Group Ltd. | 800 | 13,560 | ||||||
Rand Merchant Investment Holdings Ltd. | 6,972 | 16,796 | ||||||
Remgro Ltd. | 3,905 | 52,034 | ||||||
Reunert Ltd. | 4,707 | 22,542 | ||||||
RMB Holdings Ltd. | 10,448 | 62,534 | ||||||
Sanlam Ltd. | 17,883 | 99,121 | ||||||
Sappi Ltd. | 5,458 | 21,246 | ||||||
Sasol Ltd. | 5,310 | 131,876 | ||||||
Shoprite Holdings Ltd. | 4,401 | 49,206 | ||||||
SPAR Group Ltd. (The) | 3,385 | 44,849 | ||||||
Standard Bank Group Ltd. | 18,727 | 261,185 | ||||||
Telkom S.A. SOC Ltd.(a) | 8,934 | 58,408 | ||||||
Tiger Brands Ltd. | 2,600 | 41,246 | ||||||
Tongaat Hulett Ltd.† | 368 | 345 | ||||||
Truworths International Ltd. | 8,914 | 44,250 | ||||||
Tsogo Sun Holdings Ltd. | 13,682 | 14,777 | ||||||
Tsogo Sun Hotels Ltd.* | 15,914 | 4,740 | ||||||
Vodacom Group Ltd. | 14,998 | 127,280 | ||||||
|
| |||||||
| Total South Africa | 2,836,731 | |||||||
| South Korea – 12.5% | ||||||||
Amorepacific Corp. | 82 | 11,682 | ||||||
BGF Co., Ltd. | 724 | 4,640 | ||||||
BNK Financial Group, Inc. | 2,993 | 19,415 | ||||||
Cheil Worldwide, Inc. | 1,123 | 28,594 | ||||||
CJ CheilJedang Corp. | 34 | 8,745 | ||||||
Com2uS Corp. | 98 | 8,615 | ||||||
Daelim Industrial Co., Ltd. | 207 | 20,617 | ||||||
DB Insurance Co., Ltd. | 486 | 24,960 | ||||||
DGB Financial Group, Inc. | 2,267 | 16,001 | ||||||
Dongsuh Cos., Inc. | 801 | 13,354 | ||||||
| Investments | Shares | Value | ||||||
DONGSUNG Corp. | 4,542 | $ | 23,209 | |||||
Doosan Bobcat, Inc. | 526 | 16,582 | ||||||
Doosan Corp. | 245 | 21,325 | ||||||
E-Mart, Inc. | 78 | 9,457 | ||||||
Grand Korea Leisure Co., Ltd. | 561 | 9,960 | ||||||
GS Engineering & Construction Corp. | 244 | 8,527 | ||||||
GS Holdings Corp. | 626 | 27,758 | ||||||
Hana Financial Group, Inc. | 2,976 | 96,395 | ||||||
Hankook Tire & Technology Co., Ltd. | 451 | 13,710 | ||||||
Hanon Systems | 1,827 | 18,434 | ||||||
Hanwha Chemical Corp. | 989 | 19,443 | ||||||
Hanwha Corp. | 470 | 10,868 | ||||||
Hanwha Life Insurance Co., Ltd. | 4,508 | 12,786 | ||||||
Hite Jinro Co., Ltd. | 1,078 | 18,999 | ||||||
Huchems Fine Chemical Corp. | 640 | 12,194 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 254 | 11,791 | ||||||
Hyundai Glovis Co., Ltd. | 236 | 32,907 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 735 | 18,110 | ||||||
Hyundai Motor Co. | 1,995 | 241,891 | ||||||
Hyundai Steel Co. | 531 | 19,223 | ||||||
iMarketKorea, Inc. | 978 | 9,952 | ||||||
Industrial Bank of Korea | 3,104 | 37,770 | ||||||
IS Dongseo Co., Ltd. | 399 | 13,356 | ||||||
Kangwon Land, Inc. | 1,584 | 41,498 | ||||||
KB Financial Group, Inc. | 3,785 | 150,299 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 478 | 12,937 | ||||||
Kginicis Co., Ltd. | 575 | 7,495 | ||||||
Kia Motors Corp. | 2,747 | 104,679 | ||||||
Kolon Industries, Inc. | 207 | 7,655 | ||||||
Korea Investment Holdings Co., Ltd. | 325 | 22,715 | ||||||
Korea Zinc Co., Ltd. | 137 | 56,478 | ||||||
Korean Reinsurance Co. | 2,125 | 16,048 | ||||||
KT Corp. ADR | 2,428 | 30,034 | ||||||
KT&G Corp. | 2,058 | 175,562 | ||||||
LG Chem Ltd. | 354 | 108,685 | ||||||
LG Corp. | 988 | 65,801 | ||||||
LG Electronics, Inc. | 321 | 22,046 | ||||||
LG Hausys Ltd. | 237 | 12,623 | ||||||
LG Household & Health Care Ltd. | 33 | 37,526 | ||||||
LG Uplus Corp. | 2,031 | 25,505 | ||||||
Lotte Chemical Corp. | 244 | 53,358 | ||||||
LOTTE Fine Chemical Co., Ltd. | 224 | 10,243 | ||||||
LOTTE Himart Co., Ltd. | 257 | 9,727 | ||||||
LS Corp. | 301 | 12,383 | ||||||
Meritz Fire & Marine Insurance Co., Ltd. | 896 | 16,063 | ||||||
Meritz Securities Co., Ltd. | 4,744 | 22,022 | ||||||
Mirae Asset Daewoo Co., Ltd. | 3,251 | 23,031 | ||||||
Muhak Co., Ltd. | 813 | 7,816 | ||||||
NAVER Corp. | 187 | 18,463 | ||||||
NCSoft Corp. | 127 | 52,465 | ||||||
NH Investment & Securities Co., Ltd. | 1,837 | 23,069 | ||||||
OCI Co., Ltd. | 171 | 13,817 | ||||||
Orange Life Insurance Ltd.(b) | 771 | 21,134 | ||||||
Partron Co., Ltd. | 949 | 14,589 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 63 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
POSCO | 955 | $ | 202,224 | |||||
Posco International Corp. | 542 | 8,614 | ||||||
S-1 Corp. | 207 | 17,497 | ||||||
S-Oil Corp. | 667 | 48,350 | ||||||
Samsung C&T Corp. | 598 | 49,564 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 171 | 14,484 | ||||||
Samsung Electronics Co., Ltd. | 71,439 | 2,907,923 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 321 | 74,506 | ||||||
Samsung Life Insurance Co., Ltd. | 510 | 36,925 | ||||||
Samsung SDS Co., Ltd. | 163 | 30,351 | ||||||
Samsung Securities Co., Ltd. | 638 | 21,605 | ||||||
SFA Engineering Corp. | 357 | 12,476 | ||||||
Shinhan Financial Group Co., Ltd. | 4,089 | 159,006 | ||||||
SK Discovery Co., Ltd. | 410 | 9,712 | ||||||
SK Gas Ltd. | 110 | 7,469 | ||||||
SK Holdings Co., Ltd. | 243 | 48,825 | ||||||
SK Hynix, Inc. | 3,232 | 194,539 | ||||||
SK Innovation Co., Ltd. | 894 | 123,107 | ||||||
SK Materials Co., Ltd. | 65 | 8,337 | ||||||
SK Telecom Co., Ltd. | 561 | 125,838 | ||||||
SKC Co., Ltd. | 318 | 10,906 | ||||||
Ssangyong Cement Industrial Co., Ltd. | 3,009 | 16,418 | ||||||
Sungwoo Hitech Co., Ltd. | 3,811 | 13,631 | ||||||
Tongyang Life Insurance Co., Ltd. | 2,418 | 9,141 | ||||||
Woongjin Coway Co., Ltd. | 847 | 56,777 | ||||||
Yuhan Corp. | 65 | 13,764 | ||||||
|
| |||||||
| Total South Korea |
| 6,279,025 | ||||||
| Taiwan – 20.0% |
| |||||||
AcBel Polytech, Inc. | 27,000 | 17,734 | ||||||
Accton Technology Corp. | 11,000 | 46,572 | ||||||
Acer, Inc.* | 42,000 | 26,031 | ||||||
Advantech Co., Ltd. | 5,000 | 42,499 | ||||||
ASE Technology Holding Co., Ltd.* | 45,374 | 89,844 | ||||||
Asia Cement Corp. | 26,000 | 39,804 | ||||||
Asustek Computer, Inc. | 16,000 | 114,876 | ||||||
AU Optronics Corp. | 430,000 | 128,753 | ||||||
Catcher Technology Co., Ltd. | 13,000 | 93,128 | ||||||
Cathay Financial Holding Co., Ltd. | 106,000 | 146,751 | ||||||
Chang Hwa Commercial Bank Ltd. | 41,780 | 28,181 | ||||||
Charoen Pokphand Enterprise | 10,000 | 22,280 | ||||||
Cheng Loong Corp. | 18,000 | 11,707 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 37,000 | 47,770 | ||||||
Chicony Electronics Co., Ltd. | 17,085 | 42,026 | ||||||
Chicony Power Technology Co., Ltd. | 10,000 | 15,760 | ||||||
Chin-Poon Industrial Co., Ltd. | 14,000 | 15,663 | ||||||
China Airlines Ltd. | 28,000 | 8,871 | ||||||
China Development Financial Holding Corp. | 195,000 | 59,455 | ||||||
China General Plastics Corp. | 14,000 | 10,773 | ||||||
China Metal Products Co., Ltd. | 17,000 | 19,677 | ||||||
China Steel Chemical Corp. | 3,000 | 12,991 | ||||||
China Steel Corp. | 165,000 | 132,544 | ||||||
Chong Hong Construction Co., Ltd. | 6,000 | 17,251 | ||||||
Chroma ATE, Inc. | 6,000 | 26,659 | ||||||
| Investments | Shares | Value | ||||||
Chunghwa Telecom Co., Ltd. | 65,000 | $ | 236,482 | |||||
Cleanaway Co., Ltd. | 4,000 | 20,863 | ||||||
Clevo Co.* | 18,000 | 17,966 | ||||||
Compal Electronics, Inc. | 76,000 | 49,795 | ||||||
Compeq Manufacturing Co., Ltd. | 28,000 | 23,484 | ||||||
CTBC Financial Holding Co., Ltd. | 240,720 | 165,469 | ||||||
CTCI Corp. | 18,000 | 26,803 | ||||||
Delta Electronics, Inc. | 32,000 | 162,269 | ||||||
E.Sun Financial Holding Co., Ltd. | 77,218 | 64,639 | ||||||
Eclat Textile Co., Ltd. | 2,000 | 25,628 | ||||||
Elan Microelectronics Corp. | 10,000 | 23,439 | ||||||
Elite Material Co., Ltd. | 9,000 | 27,151 | ||||||
Elite Semiconductor Memory Technology, Inc. | 19,000 | 19,759 | ||||||
Epistar Corp. | 12,000 | 9,659 | ||||||
Eternal Materials Co., Ltd. | 19,624 | 17,091 | ||||||
Everlight Electronics Co., Ltd. | 22,000 | 20,541 | ||||||
Far Eastern Department Stores Ltd. | 32,000 | 23,181 | ||||||
Far Eastern New Century Corp. | 52,000 | 56,086 | ||||||
Far EasTone Telecommunications Co., Ltd. | 28,000 | 70,587 | ||||||
Faraday Technology Corp. | 10,000 | 15,551 | ||||||
Feng Hsin Steel Co., Ltd. | 13,000 | 26,327 | ||||||
Feng TAY Enterprise Co., Ltd. | 4,000 | 31,166 | ||||||
First Financial Holding Co., Ltd. | 117,966 | 86,596 | ||||||
FLEXium Interconnect, Inc. | 7,000 | 19,427 | ||||||
Formosa Chemicals & Fibre Corp. | 91,000 | 301,776 | ||||||
Formosa Petrochemical Corp. | 33,000 | 117,404 | ||||||
Formosa Plastics Corp. | 90,000 | 331,783 | ||||||
Fubon Financial Holding Co., Ltd. | 83,000 | 122,525 | ||||||
Getac Technology Corp. | 14,000 | 21,005 | ||||||
Giant Manufacturing Co., Ltd. | 3,000 | 23,471 | ||||||
Gigabyte Technology Co., Ltd. | 18,000 | 30,831 | ||||||
Goldsun Building Materials Co., Ltd. | 78,000 | 21,421 | ||||||
Grape King Bio Ltd. | 2,000 | 13,168 | ||||||
Great Wall Enterprise Co., Ltd. | 16,630 | 21,390 | ||||||
Greatek Electronics, Inc. | 15,000 | 20,767 | ||||||
HannStar Display Corp. | 77,000 | 16,362 | ||||||
Highwealth Construction Corp. | 19,000 | 30,250 | ||||||
Holtek Semiconductor, Inc. | 5,000 | 11,526 | ||||||
Holy Stone Enterprise Co., Ltd. | 3,000 | 10,094 | ||||||
Hon Hai Precision Industry Co., Ltd. | 131,880 | 328,644 | ||||||
Hota Industrial Manufacturing Co., Ltd. | 3,000 | 9,804 | ||||||
Hotai Motor Co., Ltd. | 7,000 | 114,490 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 63,065 | 42,335 | ||||||
Huaku Development Co., Ltd. | 10,000 | 27,431 | ||||||
IEI Integration Corp. | 15,000 | 16,058 | ||||||
Innolux Corp. | 285,000 | 67,260 | ||||||
International CSRC Investment Holdings Co. | 13,000 | 15,633 | ||||||
Inventec Corp. | 80,000 | 63,620 | ||||||
ITEQ Corp. | 9,000 | 31,585 | ||||||
Kenda Rubber Industrial Co., Ltd. | 16,020 | 15,345 | ||||||
King Yuan Electronics Co., Ltd. | 29,000 | 25,023 | ||||||
King’s Town Bank Co., Ltd. | 19,000 | 20,676 | ||||||
Kinik Co. | 11,000 | 21,497 | ||||||
Largan Precision Co., Ltd. | 1,000 | 124,117 | ||||||
See Notes to Financial Statements.
| 64 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
Lien Hwa Industrial Corp. | 17,403 | $ | 20,956 | |||||
Lite-On Technology Corp. | 7,014 | 10,275 | ||||||
Longchen Paper & Packaging Co., Ltd. | 27,158 | 12,722 | ||||||
Macronix International | 34,000 | 25,342 | ||||||
Makalot Industrial Co., Ltd. | 3,000 | 20,284 | ||||||
MediaTek, Inc. | 21,000 | 212,302 | ||||||
Mega Financial Holding Co., Ltd. | 156,000 | 155,199 | ||||||
Merida Industry Co., Ltd. | 2,000 | 11,816 | ||||||
Merry Electronics Co., Ltd. | 7,080 | 38,523 | ||||||
Micro-Star International Co., Ltd. | 17,000 | 48,166 | ||||||
Nan Kang Rubber Tire Co., Ltd. | 16,000 | 18,107 | ||||||
Nan Ya Plastics Corp. | 138,000 | 349,226 | ||||||
Nanya Technology Corp. | 30,000 | 62,300 | ||||||
Nien Made Enterprise Co., Ltd. | 3,000 | 22,553 | ||||||
Novatek Microelectronics Corp. | 13,000 | 72,409 | ||||||
OptoTech Corp. | 19,000 | 12,907 | ||||||
Oriental Union Chemical Corp. | 15,000 | 12,436 | ||||||
Pan-International Industrial Corp. | 26,000 | 19,797 | ||||||
Pegatron Corp. | 61,000 | 105,465 | ||||||
Pou Chen Corp. | 62,000 | 76,852 | ||||||
Powertech Technology, Inc. | 19,000 | 46,491 | ||||||
President Chain Store Corp. | 16,000 | 154,800 | ||||||
Primax Electronics Ltd. | 13,000 | 22,644 | ||||||
Qisda Corp. | 43,000 | 27,827 | ||||||
Quanta Computer, Inc. | 71,000 | 138,070 | ||||||
Radiant Opto-Electronics Corp. | 14,000 | 46,878 | ||||||
Realtek Semiconductor Corp. | 10,000 | 73,568 | ||||||
Rechi Precision Co., Ltd. | 18,000 | 15,126 | ||||||
Ruentex Industries Ltd. | 13,400 | 32,573 | ||||||
Sercomm Corp. | 11,000 | 23,835 | ||||||
Shin Kong Financial Holding Co., Ltd. | 81,691 | 24,802 | ||||||
Shinkong Synthetic Fibers Corp. | 52,000 | 23,271 | ||||||
Sigurd Microelectronics Corp. | 19,000 | 18,168 | ||||||
Sinbon Electronics Co., Ltd. | 4,000 | 14,617 | ||||||
SinoPac Financial Holdings Co., Ltd. | 131,598 | 55,292 | ||||||
Sitronix Technology Corp. | 4,000 | 16,742 | ||||||
Standard Foods Corp. | 11,000 | 21,497 | ||||||
Supreme Electronics Co., Ltd. | 19,000 | 19,300 | ||||||
Syncmold Enterprise Corp. | 12,250 | 33,130 | ||||||
Synnex Technology International Corp. | 33,150 | 41,625 | ||||||
TA Chen Stainless Pipe | 4,000 | 5,834 | ||||||
Taichung Commercial Bank Co., Ltd. | 41,670 | 16,770 | ||||||
Taishin Financial Holding Co., Ltd. | 91,482 | 42,119 | ||||||
Taiwan Business Bank | 50,000 | 21,974 | ||||||
Taiwan Cement Corp. | 50,500 | 74,873 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 93,674 | 62,732 | ||||||
Taiwan Glass Industry Corp. | 15,000 | 5,868 | ||||||
Taiwan High Speed Rail Corp. | 21,000 | 30,899 | ||||||
Taiwan Hon Chuan Enterprise Co., Ltd. | 12,000 | 21,365 | ||||||
Taiwan Mobile Co., Ltd. | 29,000 | 114,377 | ||||||
Taiwan Paiho Ltd. | 5,000 | 14,440 | ||||||
Taiwan PCB Techvest Co., Ltd. | 21,000 | 24,949 | ||||||
Taiwan Secom Co., Ltd. | 6,000 | 17,116 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 243,000 | 1,869,863 | ||||||
| Investments | Shares | Value | ||||||
Teco Electric and Machinery Co., Ltd. | 34,000 | $ | 24,959 | |||||
Test Research, Inc. | 6,000 | 9,466 | ||||||
Tong Hsing Electronic Industries Ltd. | 4,000 | 14,166 | ||||||
Tong Yang Industry Co., Ltd. | 10,000 | 14,456 | ||||||
Topco Scientific Co., Ltd. | 6,097 | 16,391 | ||||||
Transcend Information, Inc. | 7,000 | 16,137 | ||||||
Tripod Technology Corp. | 14,000 | 49,582 | ||||||
TSRC Corp. | 16,000 | 14,269 | ||||||
Tung Ho Steel Enterprise Corp. | 27,000 | 20,255 | ||||||
TXC Corp. | 17,000 | 19,047 | ||||||
Uni-President Enterprises Corp. | 143,000 | 380,756 | ||||||
Unimicron Technology Corp. | 19,000 | 21,563 | ||||||
United Microelectronics Corp. | 239,000 | 107,344 | ||||||
UPC Technology Corp. | 31,000 | 11,378 | ||||||
USI Corp. | 49,400 | 18,768 | ||||||
Voltronic Power Technology Corp. | 1,000 | 21,797 | ||||||
Walsin Lihwa Corp. | 53,000 | 25,084 | ||||||
Walsin Technology Corp. | 2,000 | 10,560 | ||||||
Wan Hai Lines Ltd. | 15,000 | 8,741 | ||||||
Waterland Financial Holdings Co., Ltd. | 67,000 | 23,082 | ||||||
Winbond Electronics Corp. | 85,446 | 41,816 | ||||||
Wistron Corp. | 65,843 | 51,302 | ||||||
Wistron NeWeb Corp. | 11,362 | 26,778 | ||||||
WPG Holdings Ltd. | 37,360 | 48,535 | ||||||
WT Microelectronics Co., Ltd. | 14,645 | 18,837 | ||||||
Yageo Corp. | 3,198 | 27,182 | ||||||
YFY, Inc. | 37,000 | 14,176 | ||||||
Yuanta Financial Holding Co., Ltd. | 109,000 | 65,450 | ||||||
Yulon Motor Co., Ltd. | 18,000 | 13,213 | ||||||
|
| |||||||
| Total Taiwan | 10,091,012 | |||||||
| Thailand – 2.9% | ||||||||
Advanced Info Service PCL NVDR | 16,800 | 119,423 | ||||||
Airports of Thailand PCL NVDR | 27,200 | 65,190 | ||||||
Bangkok Dusit Medical Services PCL NVDR | 35,000 | 29,673 | ||||||
Banpu PCL NVDR | 37,944 | 18,559 | ||||||
Beauty Community PCL NVDR | 47,400 | 6,306 | ||||||
Berli Jucker PCL NVDR | 10,000 | 16,467 | ||||||
BTS Group Holdings PCL NVDR | 131,400 | 51,416 | ||||||
Bumrungrad Hospital PCL NVDR | 3,400 | 18,736 | ||||||
Charoen Pokphand Foods PCL NVDR | 41,600 | 38,321 | ||||||
CP ALL PCL NVDR | 32,000 | 89,737 | ||||||
Delta Electronics Thailand PCL NVDR | 5,700 | 12,639 | ||||||
Electricity Generating PCL NVDR | 4,400 | 46,629 | ||||||
Esso Thailand PCL NVDR | 47,000 | 16,552 | ||||||
Hana Microelectronics PCL NVDR | 16,000 | 13,434 | ||||||
Indorama Ventures PCL NVDR | 21,400 | 32,797 | ||||||
IRPC PCL NVDR | 271,800 | 44,314 | ||||||
Jasmine International PCL NVDR | 160,000 | 37,564 | ||||||
KCE Electronics PCL NVDR | 9,700 | 6,010 | ||||||
Land & Houses PCL NVDR | 98,900 | 35,797 | ||||||
Minor International PCL NVDR | 16,500 | 22,059 | ||||||
MK Restaurants Group PCL NVDR | 7,400 | 17,796 | ||||||
PTT Exploration & Production PCL NVDR | 17,100 | 75,275 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 65 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Emerging Markets Dividend Fund(DVEM)
June 30, 2019
| Investments | Shares | Value | ||||||
PTT Global Chemical PCL NVDR | 38,100 | $ | 79,511 | |||||
PTT PCL NVDR | 76,800 | 122,084 | ||||||
Quality Houses PCL NVDR | 193,600 | 19,570 | ||||||
Robinson PCL NVDR | 8,000 | 14,674 | ||||||
Siam Cement PCL (The) NVDR | 5,500 | 84,650 | ||||||
Siam City Cement PCL NVDR | 2,077 | 16,254 | ||||||
Siam Commercial Bank PCL (The) NVDR | 18,800 | 85,517 | ||||||
Siamgas & Petrochemicals PCL NVDR | 30,500 | 9,945 | ||||||
Star Petroleum Refining PCL NVDR | 70,400 | 23,185 | ||||||
Thai Oil PCL NVDR | 21,300 | 46,187 | ||||||
Thai Union Group PCL NVDR | 48,100 | 28,702 | ||||||
Thai Vegetable Oil PCL NVDR | 18,900 | 17,256 | ||||||
Tisco Financial Group PCL NVDR | 9,700 | 29,574 | ||||||
TMB Bank PCL NVDR | 269,600 | 17,230 | ||||||
TPI Polene Power PCL NVDR | 103,900 | 20,666 | ||||||
TTW PCL NVDR | 54,200 | 25,096 | ||||||
WHA Corp. PCL NVDR | 162,800 | 25,163 | ||||||
|
| |||||||
| Total Thailand | 1,479,958 | |||||||
| Turkey – 1.0% | ||||||||
Aksa Akrilik Kimya Sanayii AS | 3,439 | 5,500 | ||||||
Albaraka Turk Katilim Bankasi AS* | 18,714 | 3,753 | ||||||
Aygaz AS | 4,460 | 6,770 | ||||||
BIM Birlesik Magazalar AS | 1,868 | 25,724 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 54,393 | 10,627 | ||||||
Enka Insaat ve Sanayi AS | 20,949 | 19,812 | ||||||
Eregli Demir ve Celik Fabrikalari T.A.S. | 49,230 | 66,985 | ||||||
Ford Otomotiv Sanayi AS | 1,871 | 20,217 | ||||||
Haci Omer Sabanci Holding AS | 9,457 | 14,045 | ||||||
Iskenderun Demir ve Celik AS | 6,800 | 8,112 | ||||||
KOC Holding AS | 8,712 | 26,419 | ||||||
TAV Havalimanlari Holding AS | 3,455 | 16,128 | ||||||
Tekfen Holding AS | 3,018 | 13,545 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 1,375 | 4,588 | ||||||
Trakya Cam Sanayii AS | 9,216 | 4,669 | ||||||
Tupras Turkiye Petrol Rafinerileri AS | 4,492 | 89,312 | ||||||
Turkcell Iletisim Hizmetleri AS | 38,363 | 84,897 | ||||||
Turkiye Garanti Bankasi AS* | 30,524 | 48,024 | ||||||
Turkiye Sise ve Cam Fabrikalari AS | 10,476 | 9,400 | ||||||
|
| |||||||
| Total Turkey | 478,527 | |||||||
TOTAL COMMON STOCKS (Cost: $48,052,522) | 49,964,060 | |||||||
| RIGHTS – 0.0% | ||||||||
| Chile – 0.0% | ||||||||
Enel Americas S.A., expiring 7/26/19* | 140,826 | 2,067 | ||||||
| Hong Kong – 0.0% | ||||||||
China International Marine Containers Group Co., Ltd., expiring 7/2/19*† | 65 | 0 | ||||||
TOTAL RIGHTS (Cost: $0) | 2,067 | |||||||
| Investments | Shares | Value | ||||||
| WARRANTS – 0.0% | ||||||||
| Thailand – 0.0% | ||||||||
Minor International PCL, | ||||||||
| (Cost: $0) | 675 | $ | 122 | |||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% |
| |||||||
| United States – 0.5% | ||||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $219,327)(d) | 219,327 | 219,327 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $48,271,849) | 50,185,576 | |||||||
Other Assets less Liabilities – 0.3% | 167,743 | |||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 50,353,319 | ||||||
| * | 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 $345, which represent less than 0.0% of net assets. |
| (a) | Security, or portion thereof, was on loan at June 30, 2019 (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 annualized7-day yield as of June 30, 2019. |
| (d) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $304,928 and the total market value of the collateral held by the Fund was $335,144. The total market value of the collateral includesnon-cash U.S. Government securities collateral having a value of $115,817. |
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.
| 66 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Europe Multifactor Fund(EUMF)
June 30, 2019
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 100.4% | ||||||||
| Austria – 0.5% | ||||||||
OMV AG | 1,299 | $ | 63,388 | |||||
| Belgium – 3.0% | ||||||||
Ageas | 1,316 | 68,504 | ||||||
Barco N.V. | 531 | 111,991 | ||||||
Colruyt S.A. | 1,154 | 67,023 | ||||||
Proximus SADP | 2,097 | 61,899 | ||||||
UCB S.A. | 878 | 72,910 | ||||||
|
| |||||||
| Total Belgium | 382,327 | |||||||
| Denmark – 3.6% | ||||||||
Carlsberg A/S Class B | 731 | 97,058 | ||||||
Coloplast A/S Class B | 659 | 74,587 | ||||||
H. Lundbeck A/S | 744 | 29,435 | ||||||
Novo Nordisk A/S Class B | 1,060 | 54,100 | ||||||
Royal Unibrew A/S | 799 | 58,395 | ||||||
SimCorp A/S | 261 | 25,288 | ||||||
Topdanmark A/S | 1,200 | 67,781 | ||||||
Tryg A/S | 1,836 | 59,781 | ||||||
|
| |||||||
| Total Denmark | 466,425 | |||||||
| Finland – 1.7% | ||||||||
Kemira Oyj | 4,904 | 72,266 | ||||||
Orion Oyj Class B | 819 | 30,060 | ||||||
Tieto Oyj | 2,610 | 77,457 | ||||||
Valmet Oyj | 1,751 | 43,710 | ||||||
|
| |||||||
| Total Finland | 223,493 | |||||||
| France – 13.3% | ||||||||
AirFrance-KLM* | 6,654 | 64,046 | ||||||
Alstom S.A. | 2,096 | 97,386 | ||||||
AXA S.A. | 4,162 | 109,487 | ||||||
Carrefour S.A. | 4,130 | 79,861 | ||||||
Casino Guichard Perrachon S.A.(a) | 1,490 | 50,904 | ||||||
Danone S.A. | 1,343 | 113,941 | ||||||
Eiffage S.A. | 952 | 94,255 | ||||||
Fnac Darty S.A.* | 767 | 57,037 | ||||||
Gaztransport Et Technigaz S.A. | 699 | 70,169 | ||||||
Ipsen S.A. | 588 | 80,354 | ||||||
Korian S.A. | 1,777 | 67,711 | ||||||
Lagardere SCA | 3,764 | 98,160 | ||||||
Nexity S.A. | 2,074 | 89,751 | ||||||
Orange S.A. | 7,220 | 114,000 | ||||||
Peugeot S.A. | 3,102 | 76,550 | ||||||
Sanofi | 1,233 | 106,588 | ||||||
Societe BIC S.A. | 1,101 | 84,069 | ||||||
TOTAL S.A. | 2,105 | 118,121 | ||||||
Veolia Environnement S.A. | 4,764 | 116,209 | ||||||
|
| |||||||
| Total France | 1,688,599 | |||||||
| Germany – 9.5% | ||||||||
Allianz SE Registered Shares | 484 | 116,850 | ||||||
alstria officeREIT-AG | 6,801 | 110,289 | ||||||
CompuGroup Medical SE | 1,138 | 92,013 | ||||||
Deutsche Telekom AG Registered Shares | 6,429 | 111,372 | ||||||
| Investments | Shares | Value | ||||||
Deutsche Wohnen SE Bearer Shares | 2,825 | $ | 103,816 | |||||
E.ON SE | 9,393 | 102,165 | ||||||
Grand City Properties S.A. | 4,113 | 94,146 | ||||||
Hochtief AG | 598 | 72,935 | ||||||
LEG Immobilien AG | 1,002 | 113,195 | ||||||
ProSiebenSat.1 Media SE | 3,270 | 51,445 | ||||||
Siltronic AG | 881 | 64,451 | ||||||
Suedzucker AG | 3,596 | 60,977 | ||||||
TLG Immobilien AG | 4,064 | 119,173 | ||||||
|
| |||||||
| Total Germany | 1,212,827 | |||||||
| Ireland – 1.2% | ||||||||
C&C Group PLC | 11,529 | 51,335 | ||||||
Glanbia PLC | 1,993 | 32,456 | ||||||
Grafton Group PLC | 3,329 | 34,149 | ||||||
Greencore Group PLC | 11,946 | 33,296 | ||||||
|
| |||||||
| Total Ireland | 151,236 | |||||||
| Italy – 5.6% | ||||||||
A2A SpA | 43,088 | 74,879 | ||||||
Enav SpA(b) | 11,479 | 65,231 | ||||||
Enel SpA | 14,134 | 98,828 | ||||||
Eni SpA | 5,284 | 87,891 | ||||||
Hera SpA | 19,287 | 73,887 | ||||||
Italgas SpA | 13,379 | 90,014 | ||||||
Recordati SpA | 1,567 | 65,420 | ||||||
Reply SpA | 1,041 | �� | 71,070 | |||||
Societa Cattolica di Assicurazioni SC | 5,810 | 52,038 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 1,847 | 34,306 | ||||||
|
| |||||||
| Total Italy | 713,564 | |||||||
| Netherlands – 5.4% | ||||||||
ASR Nederland N.V. | 1,412 | 57,502 | ||||||
EXOR N.V. | 917 | 64,328 | ||||||
Heineken Holding N.V. | 780 | 81,987 | ||||||
Intertrust N.V.(b) | 2,859 | 59,158 | ||||||
Koninklijke Ahold Delhaize N.V. | 3,121 | 70,295 | ||||||
Koninklijke KPN N.V. | 17,566 | 54,011 | ||||||
NXP Semiconductors N.V. | 200 | 19,522 | ||||||
QIAGEN N.V.* | 2,424 | 98,521 | ||||||
Randstad N.V. | 669 | 36,798 | ||||||
Rhi Magnesita N.V. | 809 | 49,792 | ||||||
Signify N.V.(b) | 1,121 | 33,191 | ||||||
Wolters Kluwer N.V. | 803 | 58,543 | ||||||
|
| |||||||
| Total Netherlands | 683,648 | |||||||
| Norway – 2.1% | ||||||||
DNO ASA | 22,213 | 40,252 | ||||||
Equinor ASA | 3,847 | 76,006 | ||||||
SpareBank 1 SMN | 7,731 | 88,589 | ||||||
Storebrand ASA | 8,945 | 65,760 | ||||||
|
| |||||||
| Total Norway | 270,607 | |||||||
| Portugal – 0.4% | ||||||||
NOS, SGPS, S.A. | 7,497 | 49,347 | ||||||
| Spain – 7.2% | ||||||||
Acciona S.A. | 688 | 73,962 | ||||||
Aena SME S.A.(b) | 310 | 61,533 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 67 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Europe Multifactor Fund(EUMF)
June 30, 2019
| Investments | Shares | Value | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 7,750 | $ | 43,396 | |||||
Banco Santander S.A. | 11,437 | 53,146 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A. | 2,629 | 64,429 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 2,480 | 56,258 | ||||||
Ebro Foods S.A. | 3,748 | 80,328 | ||||||
Enagas S.A. | 3,333 | 89,083 | ||||||
Endesa S.A.(a) | 3,422 | 88,111 | ||||||
Faes Farma S.A. | 11,570 | 54,614 | ||||||
Iberdrola S.A. | 9,841 | 98,240 | ||||||
Red Electrica Corp. S.A. | 3,870 | 80,717 | ||||||
Telefonica S.A. | 8,472 | 69,668 | ||||||
|
| |||||||
| Total Spain |
| 913,485 | ||||||
| Sweden – 4.9% |
| |||||||
Axfood AB | 2,885 | 57,136 | ||||||
Bravida Holding AB(b) | 4,709 | 41,770 | ||||||
Essity AB Class B | 1,716 | 52,785 | ||||||
ICA Gruppen AB | 1,340 | 57,654 | ||||||
Securitas AB Class B | 3,898 | 68,438 | ||||||
Skandinaviska Enskilda Banken AB Class A | 5,772 | 53,451 | ||||||
Skanska AB Class B | 2,210 | 39,945 | ||||||
SKF AB Class B | 2,546 | 46,855 | ||||||
Svenska Handelsbanken AB Class A | 6,651 | 65,863 | ||||||
Swedbank AB Class A | 2,163 | 32,510 | ||||||
Swedish Match AB | 800 | 33,800 | ||||||
Telia Co. AB | 16,733 | 74,375 | ||||||
|
| |||||||
| Total Sweden |
| 624,582 | ||||||
| Switzerland – 11.6% |
| |||||||
Adecco Group AG Registered Shares | 1,750 | 105,287 | ||||||
Banque Cantonale Vaudoise | 140 | 109,128 | ||||||
Cembra Money Bank AG | 1,109 | 107,090 | ||||||
Coca-Cola HBC AG* | 1,205 | 45,579 | ||||||
Emmi AG | 104 | 97,387 | ||||||
Forbo Holding AG | 54 | 95,483 | ||||||
Galenica AG*(b) | 1,917 | 96,342 | ||||||
Huber + Suhner AG Registered Shares | 952 | 80,261 | ||||||
Landis+Gyr Group AG* | 1,095 | 87,319 | ||||||
Nestle S.A. Registered Shares | 1,041 | 107,901 | ||||||
Novartis AG Registered Shares | 1,179 | 107,863 | ||||||
Roche Holding AG Genusschein | 426 | 120,001 | ||||||
Sonova Holding AG Registered Shares | 407 | 92,587 | ||||||
Swisscom AG Registered Shares | 230 | 115,613 | ||||||
Zurich Insurance Group AG | 312 | 108,768 | ||||||
|
| |||||||
| Total Switzerland |
| 1,476,609 | ||||||
| United Kingdom – 30.4% |
| |||||||
A.G. Barr PLC | 4,804 | 56,677 | ||||||
Admiral Group PLC | 2,317 | 65,111 | ||||||
Aggreko PLC | 2,992 | 30,083 | ||||||
Ashmore Group PLC | 11,396 | 73,896 | ||||||
Associated British Foods PLC | 1,538 | 48,211 | ||||||
Auto Trader Group PLC(b) | 6,546 | 45,638 | ||||||
Avast PLC(b) | 10,467 | 39,964 | ||||||
Aviva PLC | 12,508 | 66,302 | ||||||
| Investments | Shares | Value | ||||||
B&M European Value Retail S.A. | 12,456 | $ | 52,837 | |||||
Barratt Developments PLC | 7,467 | 54,416 | ||||||
BCA Marketplace PLC | 14,532 | 44,943 | ||||||
Bellway PLC | 1,654 | 58,626 | ||||||
Berkeley Group Holdings PLC | 1,218 | 57,836 | ||||||
Bovis Homes Group PLC | 3,811 | 50,103 | ||||||
BP PLC | 10,421 | 72,760 | ||||||
Brewin Dolphin Holdings PLC | 12,165 | 47,345 | ||||||
Britvic PLC | 4,853 | 54,877 | ||||||
BT Group PLC | 17,113 | 42,788 | ||||||
BTG PLC* | 2,226 | 23,670 | ||||||
Coats Group PLC | 55,052 | 57,418 | ||||||
Coca-Cola European Partners PLC | 1,200 | 67,800 | ||||||
Compass Group PLC | 2,643 | 63,474 | ||||||
Countryside Properties PLC(b) | 10,418 | 39,565 | ||||||
Daily Mail & General Trust PLC Class ANon-Voting Shares | 3,435 | 34,143 | ||||||
Diageo PLC | 1,460 | 62,880 | ||||||
Direct Line Insurance Group PLC | 12,174 | 51,409 | ||||||
Diversified Gas & Oil PLC | 14,200 | 20,060 | ||||||
Drax Group PLC | 8,799 | 29,138 | ||||||
Dunelm Group PLC | 1,895 | 22,188 | ||||||
EI Group PLC* | 27,336 | 68,398 | ||||||
Evraz PLC | 3,735 | 31,621 | ||||||
Firstgroup PLC* | 15,366 | 19,116 | ||||||
GlaxoSmithKline PLC | 3,380 | 67,821 | ||||||
Greene King PLC | 5,858 | 46,075 | ||||||
Greggs PLC | 1,922 | 56,212 | ||||||
Hays PLC | 16,520 | 33,030 | ||||||
Hikma Pharmaceuticals PLC | 1,393 | 30,529 | ||||||
Howden Joinery Group PLC | 7,399 | 47,743 | ||||||
Imperial Brands PLC | 2,002 | 47,055 | ||||||
Inchcape PLC | 3,696 | 28,976 | ||||||
J D Wetherspoon PLC | 3,485 | 63,337 | ||||||
JD Sports Fashion PLC | 2,994 | 22,345 | ||||||
John Laing Group PLC(b) | 12,896 | 64,633 | ||||||
Kingfisher PLC | 13,200 | 36,102 | ||||||
Man Group PLC | 26,080 | 51,713 | ||||||
Marks & Spencer Group PLC | 13,867 | 37,185 | ||||||
Marshalls PLC | 6,146 | 53,385 | ||||||
Moneysupermarket.com Group PLC | 12,522 | 65,707 | ||||||
National Express Group PLC | 12,033 | 61,472 | ||||||
Next PLC | 635 | 44,659 | ||||||
Pagegroup PLC | 6,985 | 45,605 | ||||||
Paragon Banking Group PLC | 7,329 | 40,930 | ||||||
Pearson PLC | 5,466 | 57,002 | ||||||
Persimmon PLC | 2,000 | 50,832 | ||||||
Petrofac Ltd. | 5,470 | 29,935 | ||||||
Pets at Home Group PLC | 6,478 | 15,426 | ||||||
Polypipe Group PLC | 6,520 | 36,876 | ||||||
QinetiQ Group PLC | 12,402 | 44,101 | ||||||
Redrow PLC | 6,185 | 42,822 | ||||||
RELX PLC | 2,378 | 57,791 | ||||||
Rio Tinto PLC | 956 | 59,381 | ||||||
Royal Dutch Shell PLC Class A | 2,585 | 84,633 | ||||||
See Notes to Financial Statements.
| 68 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Europe Multifactor Fund(EUMF)
June 30, 2019
| Investments | Shares | Value | ||||||
Royal Mail PLC | 6,296 | $ | 16,979 | |||||
RPC Group PLC | 4,086 | 41,217 | ||||||
Safestore Holdings PLC | 9,482 | 74,036 | ||||||
Sage Group PLC (The) | 4,749 | 48,498 | ||||||
Savills PLC | 6,109 | 69,741 | ||||||
Serco Group PLC* | 18,422 | 33,762 | ||||||
Smith & Nephew PLC | 3,374 | 73,214 | ||||||
Softcat PLC | 1,606 | 19,857 | ||||||
SSP Group PLC | 6,525 | 56,968 | ||||||
Tate & Lyle PLC | 7,800 | 73,301 | ||||||
Taylor Wimpey PLC | 27,657 | 55,527 | ||||||
Tesco PLC | 20,687 | 59,686 | ||||||
TP ICAP PLC | 4,289 | 16,354 | ||||||
Unilever N.V. CVA | 1,445 | 88,137 | ||||||
Unilever PLC | 1,328 | 82,724 | ||||||
Vesuvius PLC | 3,289 | 22,939 | ||||||
WM Morrison Supermarkets PLC | 21,900 | 56,134 | ||||||
|
| |||||||
| Total United Kingdom | 3,865,680 | |||||||
TOTAL COMMON STOCKS (Cost: $12,657,485) |
| 12,785,817 | ||||||
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1% |
| |||||||
| United States – 0.1% | ||||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $5,482)(d) | 5,482 | $ | 5,482 | |||||
TOTAL INVESTMENTS IN SECURITIES – 100.5% (Cost: $12,662,967) | 12,791,299 | |||||||
Other Assets less Liabilities – (0.5)% | (61,531 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 12,729,768 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at June 30, 2019 (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 annualized7-day yield as of June 30, 2019. |
| (d) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $128,988 and the total market value of the collateral held by the Fund was $142,510. The total market value of the collateral includesnon-cash U.S. Government securities collateral having a value of $137,028. |
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. | 7/3/2019 | 280,326 | USD | 281,173 | CHF | $ | — | $ | (8,084 | ) | ||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 47,827 | USD | 319,651 | DKK | — | (949 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 952,580 | USD | 852,729 | EUR | — | (18,590 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 681,644 | USD | 539,992 | GBP | — | (5,640 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 57,269 | USD | 500,779 | NOK | — | (1,468 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2019 | 106,009 | USD | 1,006,649 | SEK | — | (2,495 | ) | ||||||||||||||||||||
Bank of Montreal | 7/1/2019 | 4,344 | USD | 4,241 | CHF | — | (6 | ) | ||||||||||||||||||||
Bank of Montreal | 7/1/2019 | 7,380 | USD | 6,490 | EUR | — | (11 | ) | ||||||||||||||||||||
Bank of Montreal | 7/1/2019 | 4,868 | USD | 3,842 | GBP | — | (21 | ) | ||||||||||||||||||||
Bank of Montreal | 7/3/2019 | 271,830 | USD | 215,542 | GBP | — | (2,504 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2019 | 2,325,940 | NOK | 272,710 | USD | 103 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/31/2019 | 274,914 | USD | 2,342,538 | NOK | — | (108 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 280,326 | USD | 281,209 | CHF | — | (8,121 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 47,827 | USD | 319,726 | DKK | — | (961 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 952,580 | USD | 852,795 | EUR | — | (18,664 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 681,644 | USD | 540,032 | GBP | — | (5,690 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 57,269 | USD | 500,792 | NOK | — | (1,470 | ) | ||||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 106,009 | USD | 1,006,757 | SEK | — | (2,507 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 280,326 | USD | 281,174 | CHF | — | (8,085 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 47,827 | USD | 319,653 | DKK | — | (950 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 952,580 | USD | 852,720 | EUR | — | (18,580 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 681,644 | USD | 539,993 | GBP | — | (5,641 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 57,269 | USD | 500,762 | NOK | — | (1,466 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 106,009 | USD | 1,006,646 | SEK | — | (2,495 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 69 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Europe Multifactor Fund(EUMF)
June 30, 2019
| 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 | |||||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 4,682,326 | SEK | 504,806 | USD | $ | — | $ | (109 | ) | ||||||||||||||||||
Goldman Sachs | 7/31/2019 | 518,654 | USD | 4,800,494 | SEK | 116 | — | |||||||||||||||||||||
HSBC Holdings PLC | 7/3/2019 | 136,769 | EUR | 153,636 | USD | 2,130 | — | |||||||||||||||||||||
HSBC Holdings PLC | 7/3/2019 | 3,785,231 | EUR | 4,310,155 | USD | 829 | — | |||||||||||||||||||||
HSBC Holdings PLC | 7/31/2019 | 4,248,212 | USD | 3,722,231 | EUR | — | (802 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2019 | 1,279,313 | CHF | 1,311,462 | USD | 781 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2019 | 2,720,541 | GBP | 3,459,718 | USD | 2,894 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 7/31/2019 | 803,540 | USD | 781,771 | CHF | — | (476 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/31/2019 | 3,431,777 | USD | 2,694,794 | GBP | — | (2,882 | ) | ||||||||||||||||||||
Royal Bank of Canada | 7/3/2019 | 105,071 | USD | 698,429 | DKK | — | (1,504 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 280,326 | USD | 281,189 | CHF | — | (8,101 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 47,827 | USD | 319,666 | DKK | — | (952 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 952,580 | USD | 852,718 | EUR | — | (18,577 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 681,644 | USD | 540,318 | GBP | — | (6,055 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 57,269 | USD | 500,774 | NOK | — | (1,468 | ) | ||||||||||||||||||||
Societe Generale | 7/3/2019 | 106,009 | USD | 1,006,661 | SEK | — | (2,497 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 22,754 | CHF | 23,427 | USD | — | (87 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 63,444 | EUR | 72,306 | USD | — | (50 | ) | ||||||||||||||||||||
State Street Bank and Trust | 7/3/2019 | 45,592 | GBP | 58,040 | USD | — | (12 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 2,181,662 | DKK | 332,822 | USD | 82 | — | |||||||||||||||||||||
UBS AG | 7/3/2019 | 213,585 | USD | 214,229 | CHF | — | (6,158 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 36,443 | USD | 243,566 | DKK | — | (723 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 725,777 | USD | 649,690 | EUR | — | (14,153 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 519,352 | USD | 411,420 | GBP | — | (4,289 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 43,634 | USD | 381,543 | NOK | — | (1,118 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 80,770 | USD | 766,983 | SEK | — | (1,901 | ) | ||||||||||||||||||||
UBS AG | 7/31/2019 | 326,022 | USD | 2,131,840 | DKK | — | (86 | ) | ||||||||||||||||||||
| $ | 6,935 | $ | (186,506 | ) | ||||||||||||||||||||||||
| CURRENCY LEGEND | ||
| CHF | Swiss franc | |
| DKK | Danish krone | |
| EUR | Euro | |
| GBP | British pound | |
| NOK | Norwegian krone | |
| SEK | Swedish krona | |
| USD | U.S. dollar | |
See Notes to Financial Statements.
| 70 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Globalex-Mexico Equity Fund(XMX)
June 30, 2019
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.1% |
| |||||||
| Australia – 2.1% |
| |||||||
Aristocrat Leisure Ltd. | 167 | $ | 3,600 | |||||
Australia & New Zealand Banking Group Ltd. | 252 | 4,989 | ||||||
BHP Group Ltd. | 290 | 8,376 | ||||||
BHP Group PLC | 202 | 5,180 | ||||||
Brambles Ltd. | 430 | 3,887 | ||||||
Commonwealth Bank of Australia | 131 | 7,610 | ||||||
CSL Ltd. | 43 | 6,488 | ||||||
Macquarie Group Ltd. | 51 | 4,488 | ||||||
National Australia Bank Ltd. | 225 | 4,219 | ||||||
QBE Insurance Group Ltd. | 368 | 3,055 | ||||||
Telstra Corp., Ltd. | 795 | 2,148 | ||||||
Westpac Banking Corp. | 250 | 4,975 | ||||||
Woolworths Group Ltd. | 170 | 3,964 | ||||||
|
| |||||||
| Total Australia |
| 62,979 | ||||||
| Austria – 0.1% |
| |||||||
ams AG* | 25 | 981 | ||||||
Andritz AG | 23 | 867 | ||||||
Raiffeisen Bank International AG | 41 | 963 | ||||||
|
| |||||||
| Total Austria |
| 2,811 | ||||||
| Belgium – 0.4% |
| |||||||
Ageas | 64 | 3,332 | ||||||
Anheuser-Busch InBev S.A./N.V. | 64 | 5,673 | ||||||
KBC Group N.V. | 41 | 2,691 | ||||||
Umicore S.A. | 38 | 1,220 | ||||||
|
| |||||||
| Total Belgium |
| 12,916 | ||||||
| Brazil – 0.3% |
| |||||||
Ambev S.A. | 271 | 1,265 | ||||||
B3 S.A. – Brasil Bolsa Balcao | 304 | 2,971 | ||||||
Banco do Brasil S.A. | 98 | 1,379 | ||||||
Petroleo Brasileiro S.A. | 229 | 1,794 | ||||||
Vale S.A. | 239 | 3,232 | ||||||
|
| |||||||
| Total Brazil |
| 10,641 | ||||||
| Canada – 3.1% |
| |||||||
Alimentation Couche-Tard, Inc. Class B | 52 | 3,279 | ||||||
ARC Resources Ltd. | 349 | 1,712 | ||||||
Bank of Nova Scotia (The) | 67 | 3,607 | ||||||
Barrick Gold Corp. | 135 | 2,135 | ||||||
BlackBerry Ltd.* | 143 | 1,068 | ||||||
Canadian Imperial Bank of Commerce | 31 | 2,443 | ||||||
Canadian National Railway Co. | 56 | 5,194 | ||||||
Canadian Natural Resources Ltd. | 90 | 2,432 | ||||||
Canadian Pacific Railway Ltd. | 17 | 4,012 | ||||||
Cenovus Energy, Inc. | 130 | 1,149 | ||||||
Enbridge, Inc. | 127 | 4,597 | ||||||
George Weston Ltd. | 39 | 2,966 | ||||||
Hydro One Ltd.(a) | 174 | 3,041 | ||||||
IA Financial Corp., Inc.* | 94 | 3,837 | ||||||
Intact Financial Corp. | 39 | 3,612 | ||||||
Loblaw Cos., Ltd. | 57 | 2,925 | ||||||
Magna International, Inc. | 62 | 3,092 | ||||||
| Investments | Shares | Value | ||||||
Manulife Financial Corp. | 180 | $ | 3,278 | |||||
Metro, Inc. | 101 | 3,798 | ||||||
Nutrien Ltd. | 74 | 3,967 | ||||||
Ritchie Bros Auctioneers, Inc. | 75 | 2,500 | ||||||
Royal Bank of Canada | 66 | 5,256 | ||||||
Saputo, Inc. | 104 | 3,120 | ||||||
Shopify, Inc. Class A* | 9 | 2,711 | ||||||
SNC-Lavalin Group, Inc. | 78 | 1,581 | ||||||
Suncor Energy, Inc. | 146 | 4,564 | ||||||
TC Energy Corp. | 77 | 3,825 | ||||||
Toronto-Dominion Bank (The) | 85 | 4,977 | ||||||
Wheaton Precious Metals Corp. | 137 | 3,320 | ||||||
|
| |||||||
| Total Canada |
| 93,998 | ||||||
| Chile – 0.1% |
| |||||||
Banco Santander Chile | 24,205 | 1,800 | ||||||
| China – 2.2% |
| |||||||
Bank of China Ltd. Class H | 10,000 | 4,224 | ||||||
China Conch Venture Holdings Ltd. | 500 | 1,766 | ||||||
China Construction Bank Corp. Class H | 8,000 | 6,891 | ||||||
China Petroleum & Chemical Corp. Class H | 4,000 | 2,719 | ||||||
CNOOC Ltd. | 1,000 | 1,710 | ||||||
Country Garden Holdings Co., Ltd. | 1,000 | 1,521 | ||||||
CSPC Pharmaceutical Group Ltd. | 2,000 | 3,226 | ||||||
ENN Energy Holdings Ltd. | 100 | 973 | ||||||
Geely Automobile Holdings Ltd. | 1,000 | 1,710 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 7,000 | 5,107 | ||||||
Lenovo Group Ltd. | 2,000 | 1,549 | ||||||
Shenzhou International Group Holdings Ltd. | 300 | 4,124 | ||||||
Sino Biopharmaceutical Ltd. | 2,000 | 2,045 | ||||||
Sunny Optical Technology Group Co., Ltd. | 100 | 1,033 | ||||||
Tencent Holdings Ltd. | 500 | 22,566 | ||||||
Want Want China Holdings Ltd. | 2,000 | 1,626 | ||||||
Yum China Holdings, Inc. | 55 | 2,541 | ||||||
|
| |||||||
| Total China |
| 65,331 | ||||||
| Denmark – 0.5% |
| |||||||
DSV A/S | 33 | 3,245 | ||||||
ISS A/S | 93 | 2,811 | ||||||
Novo Nordisk A/S Class B | 130 | 6,635 | ||||||
Pandora A/S | 17 | 606 | ||||||
Vestas Wind Systems A/S | 21 | 1,817 | ||||||
|
| |||||||
| Total Denmark |
| 15,114 | ||||||
| Finland – 0.4% |
| |||||||
Elisa Oyj | 66 | 3,225 | ||||||
Nokia Oyj | 533 | 2,650 | ||||||
Nordea Bank Abp | 241 | 1,751 | ||||||
Orion Oyj Class B | 27 | 991 | ||||||
Stora Enso Oyj Class R | 106 | 1,248 | ||||||
UPM-Kymmene Oyj | 69 | 1,836 | ||||||
|
| |||||||
| Total Finland |
| 11,701 | ||||||
| France – 3.7% |
| |||||||
Accor S.A. | 65 | 2,794 | ||||||
Air Liquide S.A. | 35 | 4,905 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 71 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Globalex-Mexico Equity Fund(XMX)
June 30, 2019
| Investments | Shares | Value | ||||||
Airbus SE | 42 | $ | 5,963 | |||||
Arkema S.A. | 32 | 2,980 | ||||||
Atos SE | 19 | 1,591 | ||||||
AXA S.A. | 129 | 3,394 | ||||||
BNP Paribas S.A.(b) | 73 | 3,472 | ||||||
Capgemini SE | 34 | 4,234 | ||||||
Covivio | 30 | 3,145 | ||||||
Danone S.A. | 48 | 4,072 | ||||||
Engie S.A. | 202 | 3,069 | ||||||
EssilorLuxottica S.A. | 25 | 3,267 | ||||||
Kering S.A. | 6 | 3,554 | ||||||
L’Oreal S.A. | 13 | 3,708 | ||||||
Legrand S.A. | 50 | 3,661 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 22 | 9,378 | ||||||
Orange S.A. | 210 | 3,316 | ||||||
Publicis Groupe S.A. | 37 | 1,956 | ||||||
Safran S.A. | 24 | 3,522 | ||||||
Sanofi | 77 | 6,656 | ||||||
Schneider Electric SE | 56 | 5,087 | ||||||
Societe Generale S.A. | 67 | 1,695 | ||||||
TOTAL S.A. | 156 | 8,754 | ||||||
Unibail-Rodamco-Westfield | 16 | 2,401 | ||||||
Valeo S.A. | 39 | 1,270 | ||||||
Veolia Environnement S.A. | 136 | 3,317 | ||||||
Vinci S.A. | 50 | 5,128 | ||||||
Vivendi S.A. | 126 | 3,474 | ||||||
Worldline S.A.*(a) | 17 | 1,239 | ||||||
|
| |||||||
| Total France |
| 111,002 | ||||||
| Germany – 2.6% |
| |||||||
adidas AG | 12 | 3,710 | ||||||
Allianz SE Registered Shares | 26 | 6,277 | ||||||
BASF SE | 51 | 3,712 | ||||||
Bayer AG Registered Shares | 62 | 4,303 | ||||||
Daimler AG Registered Shares | 60 | 3,343 | ||||||
Deutsche Bank AG Registered Shares | 190 | 1,467 | ||||||
Deutsche Telekom AG Registered Shares | 255 | 4,417 | ||||||
Deutsche Wohnen SE Bearer Shares | 84 | 3,087 | ||||||
E.ON SE | 207 | 2,251 | ||||||
Fresenius SE & Co. KGaA | 40 | 2,172 | ||||||
HeidelbergCement AG | 35 | 2,836 | ||||||
Infineon Technologies AG | 156 | 2,762 | ||||||
MTU Aero Engines AG | 14 | 3,340 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares | 14 | 3,519 | ||||||
OSRAM Licht AG | 29 | 956 | ||||||
Rheinmetall AG | 33 | 4,046 | ||||||
RWE AG | 69 | 1,703 | ||||||
SAP SE | 95 | 13,065 | ||||||
Scout24 AG(a) | 48 | 2,554 | ||||||
Siemens AG Registered Shares | 47 | 5,599 | ||||||
ThyssenKrupp AG | 84 | 1,227 | ||||||
Wirecard AG | 15 | 2,529 | ||||||
|
| |||||||
| Total Germany |
| 78,875 | ||||||
| Investments | Shares | Value | ||||||
| Hong Kong – 0.8% |
| |||||||
AIA Group Ltd. | 1,000 | $ | 10,784 | |||||
Galaxy Entertainment Group Ltd. | 1,000 | 6,739 | ||||||
Hang Lung Properties Ltd. | 1,000 | 2,378 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 102 | 3,601 | ||||||
|
| |||||||
| Total Hong Kong |
| 23,502 | ||||||
| India – 1.0% |
| |||||||
Axis Bank Ltd.* | 241 | 2,823 | ||||||
HDFC Bank Ltd. | 161 | 5,700 | ||||||
IndusInd Bank Ltd. | 139 | 2,840 | ||||||
Infosys Ltd. | 372 | 3,945 | ||||||
Larsen & Toubro Ltd. | 125 | 2,812 | ||||||
Maruti Suzuki India Ltd. | 21 | 1,988 | ||||||
Reliance Industries Ltd. | 285 | 5,174 | ||||||
Tata Consultancy Services Ltd. | 113 | 3,646 | ||||||
|
| |||||||
| Total India |
| 28,928 | ||||||
| Ireland – 0.2% |
| |||||||
CRH PLC | 61 | 1,993 | ||||||
Kingspan Group PLC | 44 | 2,393 | ||||||
Smurfit Kappa Group PLC | 49 | 1,485 | ||||||
|
| |||||||
| Total Ireland |
| 5,871 | ||||||
| Israel – 0.1% |
| |||||||
Nice Ltd.* | 19 | 2,584 | ||||||
Teva Pharmaceutical Industries Ltd.* | 51 | 468 | ||||||
|
| |||||||
| Total Israel |
| 3,052 | ||||||
| Italy – 0.6% |
| |||||||
Assicurazioni Generali SpA | 171 | 3,225 | ||||||
Eni SpA | 193 | 3,210 | ||||||
Ferrari N.V. | 12 | 1,951 | ||||||
Intesa Sanpaolo SpA | 975 | 2,089 | ||||||
Moncler SpA | 57 | 2,441 | ||||||
Snam SpA | 822 | 4,092 | ||||||
UniCredit SpA | 182 | 2,244 | ||||||
|
| |||||||
| Total Italy |
| 19,252 | ||||||
| Japan – 7.4% |
| |||||||
Ajinomoto Co., Inc. | 100 | 1,734 | ||||||
Astellas Pharma, Inc. | 300 | 4,274 | ||||||
Bridgestone Corp. | 100 | 3,937 | ||||||
Chugoku Electric Power Co., Inc. (The) | 300 | 3,781 | ||||||
Daikin Industries Ltd. | 100 | 13,055 | ||||||
Eisai Co., Ltd. | 100 | 5,653 | ||||||
Hitachi Ltd. | 200 | 7,331 | ||||||
Honda Motor Co., Ltd. | 200 | 5,170 | ||||||
Hoya Corp. | 100 | 7,661 | ||||||
Isetan Mitsukoshi Holdings Ltd. | 100 | 811 | ||||||
ITOCHU Corp. | 300 | 5,737 | ||||||
Japan Exchange Group, Inc. | 200 | 3,178 | ||||||
Kansai Paint Co., Ltd. | 100 | 2,097 | ||||||
KDDI Corp. | 200 | 5,093 | ||||||
Kintetsu Group Holdings Co., Ltd. | 100 | 4,789 | ||||||
Kirin Holdings Co., Ltd. | 200 | 4,313 | ||||||
Koito Manufacturing Co., Ltd. | 100 | 5,337 | ||||||
See Notes to Financial Statements.
| 72 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Globalex-Mexico Equity Fund(XMX)
June 30, 2019
| Investments | Shares | Value | ||||||
Komatsu Ltd. | 200 | $ | 4,826 | |||||
Konica Minolta, Inc. | 300 | 2,921 | ||||||
Kubota Corp. | 200 | 3,328 | ||||||
Mitsubishi Chemical Holdings Corp. | 500 | 3,493 | ||||||
Mitsubishi Corp. | 100 | 2,636 | ||||||
Mitsubishi Electric Corp. | 300 | 3,951 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 200 | 2,666 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 1,100 | 5,227 | ||||||
Mizuho Financial Group, Inc. | 2,500 | 3,622 | ||||||
Nagoya Railroad Co., Ltd. | 100 | 2,767 | ||||||
NGK Spark Plug Co., Ltd. | 100 | 1,877 | ||||||
Nikon Corp. | 100 | 1,415 | ||||||
Nippon Steel Corp. | 100 | 1,716 | ||||||
Nisshin Seifun Group, Inc. | 200 | 4,565 | ||||||
Nomura Holdings, Inc. | 700 | 2,465 | ||||||
NTT DOCOMO, Inc. | 200 | 4,664 | ||||||
Odakyu Electric Railway Co., Ltd. | 100 | 2,448 | ||||||
Oji Holdings Corp. | 500 | 2,887 | ||||||
Olympus Corp. | 500 | 5,550 | ||||||
Panasonic Corp. | 300 | 2,499 | ||||||
Recruit Holdings Co., Ltd. | 200 | 6,672 | ||||||
Ricoh Co., Ltd. | 300 | 2,996 | ||||||
Sekisui House Ltd. | 100 | 1,648 | ||||||
Seven & I Holdings Co., Ltd. | 100 | 3,386 | ||||||
Shin-Etsu Chemical Co., Ltd. | 100 | 9,314 | ||||||
Shiseido Co., Ltd. | 100 | 7,538 | ||||||
SoftBank Group Corp. | 200 | 9,588 | ||||||
Sony Corp. | 100 | 5,242 | ||||||
Stanley Electric Co., Ltd. | 200 | 4,916 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 100 | 3,533 | ||||||
Takeda Pharmaceutical Co., Ltd. | 100 | 3,548 | ||||||
Tobu Railway Co., Ltd. | 100 | 2,914 | ||||||
Tokio Marine Holdings, Inc. | 100 | 5,011 | ||||||
Tokyo Gas Co., Ltd. | 100 | 2,355 | ||||||
Toyota Motor Corp. | 100 | 6,208 | ||||||
|
| |||||||
| Total Japan |
| 224,343 | ||||||
| Malaysia – 0.1% |
| |||||||
CIMB Group Holdings Bhd | 1,100 | 1,432 | ||||||
Genting Malaysia Bhd | 1,600 | 1,255 | ||||||
|
| |||||||
| Total Malaysia |
| 2,687 | ||||||
| Netherlands – 1.0% |
| |||||||
Akzo Nobel N.V. | 39 | 3,670 | ||||||
ASML Holding N.V. | 24 | 5,022 | ||||||
ING Groep N.V. | 187 | 2,171 | ||||||
Koninklijke Ahold Delhaize N.V. | 98 | 2,207 | ||||||
Koninklijke DSM N.V. | 36 | 4,457 | ||||||
Koninklijke KPN N.V. | 980 | 3,013 | ||||||
Koninklijke Philips N.V. | 92 | 4,001 | ||||||
Wolters Kluwer N.V. | 65 | 4,739 | ||||||
|
| |||||||
| Total Netherlands |
| 29,280 | ||||||
| Investments | Shares | Value | ||||||
| Norway – 0.2% |
| |||||||
Mowi ASA | 90 | $ | 2,105 | |||||
Orkla ASA | 336 | 2,983 | ||||||
Yara International ASA | 39 | 1,893 | ||||||
|
| |||||||
| Total Norway |
| 6,981 | ||||||
| Poland – 0.0% |
| |||||||
Polski Koncern Naftowy Orlen S.A. | 46 | 1,110 | ||||||
| Singapore – 0.4% |
| |||||||
City Developments Ltd. | 400 | 2,800 | ||||||
Genting Singapore Ltd. | 1,600 | 1,088 | ||||||
Keppel Corp., Ltd. | 500 | 2,461 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 274 | 2,309 | ||||||
Singapore Exchange Ltd. | 600 | 3,512 | ||||||
|
| |||||||
| Total Singapore |
| 12,170 | ||||||
| South Africa – 0.6% |
| |||||||
FirstRand Ltd. | 403 | 1,959 | ||||||
MTN Group Ltd. | 198 | 1,499 | ||||||
MultiChoice Group Ltd.* | 130 | 1,235 | ||||||
Naspers Ltd. Class N | 30 | 7,275 | ||||||
Remgro Ltd. | 209 | 2,785 | ||||||
Sasol Ltd. | 52 | 1,292 | ||||||
Standard Bank Group Ltd. | 107 | 1,492 | ||||||
|
| |||||||
| Total South Africa |
| 17,537 | ||||||
| South Korea – 1.4% |
| |||||||
Celltrion, Inc.* | 8 | 1,424 | ||||||
Hana Financial Group, Inc. | 58 | 1,879 | ||||||
Hyundai Motor Co. | 18 | 2,182 | ||||||
Kakao Corp. | 14 | 1,594 | ||||||
KT&G Corp. | 28 | 2,389 | ||||||
LG Electronics, Inc. | 25 | 1,717 | ||||||
LG Household & Health Care Ltd. | 2 | 2,274 | ||||||
NAVER Corp. | 18 | 1,777 | ||||||
POSCO | 10 | 2,118 | ||||||
Samsung Electronics Co., Ltd. | 393 | 15,997 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 8 | 1,857 | ||||||
Shinhan Financial Group Co., Ltd. | 84 | 3,266 | ||||||
SK Hynix, Inc. | 42 | 2,528 | ||||||
|
| |||||||
| Total South Korea |
| 41,002 | ||||||
| Spain – 0.8% |
| |||||||
Banco Bilbao Vizcaya Argentaria S.A. | 549 | 3,074 | ||||||
Banco Santander S.A. | 1,088 | 5,056 | ||||||
Enagas S.A. | 124 | 3,314 | ||||||
Industria de Diseno Textil S.A. | 92 | 2,771 | ||||||
Red Electrica Corp. S.A. | 167 | 3,483 | ||||||
Repsol S.A. | 231 | 3,626 | ||||||
Telefonica S.A. | 405 | 3,331 | ||||||
|
| |||||||
| Total Spain |
| 24,655 | ||||||
| Sweden – 0.7% |
| |||||||
Assa Abloy AB Class B | 144 | 3,258 | ||||||
Atlas Copco AB Class A | 116 | 3,711 | ||||||
Castellum AB | 247 | 4,726 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 73 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Globalex-Mexico Equity Fund(XMX)
June 30, 2019
| Investments | Shares | Value | ||||||
Securitas AB Class B | 197 | $ | 3,459 | |||||
Telefonaktiebolaget LM Ericsson Class B | 306 | 2,905 | ||||||
Volvo AB Class B | 202 | 3,208 | ||||||
|
| |||||||
| Total Sweden |
| 21,267 | ||||||
| Switzerland – 3.0% |
| |||||||
ABB Ltd. Registered Shares | 183 | 3,677 | ||||||
Adecco Group AG Registered Shares | 54 | 3,249 | ||||||
Alcon, Inc.* | 32 | 1,979 | ||||||
Cie Financiere Richemont S.A. Registered Shares | 49 | 4,163 | ||||||
Credit Suisse Group AG Registered Shares* | 218 | 2,617 | ||||||
Givaudan S.A. Registered Shares | 2 | 5,653 | ||||||
LafargeHolcim Ltd. Registered Shares* | 63 | 3,080 | ||||||
Nestle S.A. Registered Shares | 207 | 21,456 | ||||||
Novartis AG Registered Shares | 163 | 14,912 | ||||||
Roche Holding AG Genusschein | 40 | 11,268 | ||||||
Schindler Holding AG Participation Certificate | 15 | 3,343 | ||||||
Swatch Group AG (The) Registered Shares | 50 | 2,710 | ||||||
Temenos AG Registered Shares* | 19 | 3,404 | ||||||
UBS Group AG Registered Shares* | 314 | 3,736 | ||||||
Zurich Insurance Group AG | 13 | 4,532 | ||||||
|
| |||||||
| Total Switzerland |
| 89,779 | ||||||
| Taiwan – 1.0% |
| |||||||
China Development Financial Holding Corp. | 12,000 | 3,659 | ||||||
E.Sun Financial Holding Co., Ltd. | 5,005 | 4,190 | ||||||
Pegatron Corp. | 1,000 | 1,729 | ||||||
Taishin Financial Holding Co., Ltd. | 7,898 | 3,636 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 2,000 | 15,390 | ||||||
United Microelectronics Corp. | 5,000 | 2,245 | ||||||
|
| |||||||
| Total Taiwan |
| 30,849 | ||||||
| Thailand – 0.1% |
| |||||||
PTT Global Chemical PCL NVDR | 1,100 | 2,296 | ||||||
| United Kingdom – 5.7% |
| |||||||
Anglo American PLC | 151 | 4,313 | ||||||
AstraZeneca PLC | 93 | 7,620 | ||||||
Babcock International Group PLC | 289 | 1,685 | ||||||
BAE Systems PLC | 337 | 2,125 | ||||||
Barclays PLC | 1,229 | 2,343 | ||||||
BP PLC | 1,212 | 8,462 | ||||||
British American Tobacco PLC | 161 | 5,633 | ||||||
BT Group PLC | 767 | 1,918 | ||||||
Bunzl PLC | 107 | 2,828 | ||||||
Carnival PLC | 50 | 2,214 | ||||||
Centrica PLC | 785 | 877 | ||||||
Cobham PLC* | 1,474 | 1,999 | ||||||
Compass Group PLC | 190 | 4,563 | ||||||
Diageo PLC | 166 | 7,149 | ||||||
Fiat Chrysler Automobiles N.V. | 92 | 1,285 | ||||||
GlaxoSmithKline PLC | 315 | 6,321 | ||||||
Hays PLC | 1,044 | 2,087 | ||||||
HSBC Holdings PLC | 1,175 | 9,824 | ||||||
Imperial Brands PLC | 82 | 1,927 | ||||||
Intertek Group PLC | 56 | 3,921 | ||||||
| Investments | Shares | Value | ||||||
ITV PLC | 1,130 | $ | 1,553 | |||||
Kingfisher PLC | 683 | 1,868 | ||||||
Land Securities Group PLC | 253 | 2,683 | ||||||
Linde PLC | 57 | 11,446 | ||||||
Lloyds Banking Group PLC | 5,059 | 3,644 | ||||||
Melrose Industries PLC | 849 | 1,954 | ||||||
National Grid PLC | 397 | 4,223 | ||||||
Pennon Group PLC | 246 | 2,326 | ||||||
Prudential PLC | 232 | 5,067 | ||||||
Reckitt Benckiser Group PLC | 54 | 4,271 | ||||||
Rentokil Initial PLC | 678 | 3,430 | ||||||
Rio Tinto PLC | 73 | 4,534 | ||||||
Royal Dutch Shell PLC Class A | 341 | 11,164 | ||||||
Royal Dutch Shell PLC Class B | 211 | 6,931 | ||||||
Smith & Nephew PLC | 181 | 3,928 | ||||||
St. James’s Place PLC | 228 | 3,186 | ||||||
Standard Chartered PLC | 442 | 4,018 | ||||||
TechnipFMC PLC | 87 | 2,239 | ||||||
Unilever N.V. CVA | 108 | 6,587 | ||||||
Unilever PLC | 96 | 5,980 | ||||||
Vodafone Group PLC | 1,845 | 3,037 | ||||||
|
| |||||||
| Total United Kingdom |
| 173,163 | ||||||
| United States – 57.5% |
| |||||||
3M Co. | 37 | 6,414 | ||||||
Abbott Laboratories | 124 | 10,428 | ||||||
AbbVie, Inc. | 103 | 7,490 | ||||||
ABIOMED, Inc.* | 4 | 1,042 | ||||||
Activision Blizzard, Inc. | 62 | 2,926 | ||||||
Adobe, Inc.* | 38 | 11,197 | ||||||
AES Corp. | 172 | 2,883 | ||||||
Aflac, Inc. | 78 | 4,275 | ||||||
Agilent Technologies, Inc. | 48 | 3,584 | ||||||
Air Products & Chemicals, Inc. | 26 | 5,886 | ||||||
Akamai Technologies, Inc.* | 31 | 2,484 | ||||||
Alexion Pharmaceuticals, Inc.* | 21 | 2,751 | ||||||
Align Technology, Inc.* | 8 | 2,190 | ||||||
Alliant Energy Corp. | 81 | 3,975 | ||||||
Allstate Corp. (The) | 35 | 3,559 | ||||||
Alphabet, Inc. Class A* | 21 | 22,739 | ||||||
Alphabet, Inc. Class C* | 18 | 19,456 | ||||||
Altria Group, Inc. | 118 | 5,587 | ||||||
Amazon.com, Inc.* | 29 | 54,915 | ||||||
American Airlines Group, Inc. | 61 | 1,989 | ||||||
American Express Co. | 50 | 6,172 | ||||||
American International Group, Inc. | 71 | 3,783 | ||||||
American Tower Corp. | 34 | 6,951 | ||||||
AmerisourceBergen Corp. | 26 | 2,217 | ||||||
Amgen, Inc. | 45 | 8,293 | ||||||
Anadarko Petroleum Corp. | 46 | 3,246 | ||||||
Analog Devices, Inc. | 42 | 4,741 | ||||||
ANSYS, Inc.* | 24 | 4,916 | ||||||
Anthem, Inc. | 20 | 5,644 | ||||||
Apache Corp. | 52 | 1,506 | ||||||
See Notes to Financial Statements.
| 74 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Globalex-Mexico Equity Fund(XMX)
June 30, 2019
| Investments | Shares | Value | ||||||
Apple, Inc. | 284 | $ | 56,209 | |||||
Applied Materials, Inc. | 78 | 3,503 | ||||||
Archer-Daniels-Midland Co. | 62 | 2,530 | ||||||
Arista Networks, Inc.* | 8 | 2,077 | ||||||
Arrow Electronics, Inc.* | 46 | 3,278 | ||||||
Arthur J. Gallagher & Co. | 52 | 4,555 | ||||||
Aspen Technology, Inc.* | 34 | 4,226 | ||||||
AT&T, Inc. | 470 | 15,750 | ||||||
Autodesk, Inc.* | 27 | 4,398 | ||||||
Automatic Data Processing, Inc. | 35 | 5,787 | ||||||
AvalonBay Communities, Inc. | 22 | 4,470 | ||||||
Baker Hughes a GE Co. | 42 | 1,034 | ||||||
Bank of America Corp. | 584 | 16,936 | ||||||
Bank of New York Mellon Corp. (The) | 79 | 3,488 | ||||||
Baxter International, Inc. | 61 | 4,996 | ||||||
Becton, Dickinson and Co. | 28 | 7,056 | ||||||
Berkshire Hathaway, Inc. Class B* | 100 | 21,317 | ||||||
Biogen, Inc.* | 15 | 3,508 | ||||||
Blackbaud, Inc. | 21 | 1,754 | ||||||
BlackRock, Inc. | 7 | 3,285 | ||||||
Boeing Co. (The) | 33 | 12,012 | ||||||
Booking Holdings, Inc.* | 3 | 5,624 | ||||||
Boston Scientific Corp.* | 132 | 5,673 | ||||||
Bristol-Myers Squibb Co. | 117 | 5,306 | ||||||
Broadcom, Inc. | 27 | 7,772 | ||||||
BWX Technologies, Inc. | 55 | 2,866 | ||||||
Cabot Oil & Gas Corp. | 55 | 1,263 | ||||||
Capital One Financial Corp. | 47 | 4,265 | ||||||
Cardinal Health, Inc. | 42 | 1,978 | ||||||
CarMax, Inc.* | 32 | 2,779 | ||||||
Caterpillar, Inc. | 42 | 5,724 | ||||||
CBS Corp. Class BNon-Voting Shares | 45 | 2,246 | ||||||
CDW Corp. | 36 | 3,996 | ||||||
Celgene Corp.* | 54 | 4,992 | ||||||
CenturyLink, Inc. | 110 | 1,294 | ||||||
Charles Schwab Corp. (The) | 92 | 3,697 | ||||||
Charter Communications, Inc. Class A* | 14 | 5,533 | ||||||
Chemours Co. (The) | 38 | 912 | ||||||
Chevron Corp. | 118 | 14,684 | ||||||
Chipotle Mexican Grill, Inc.* | 2 | 1,466 | ||||||
Church & Dwight Co., Inc. | 56 | 4,091 | ||||||
Cigna Corp. | 36 | 5,672 | ||||||
Cimarex Energy Co. | 20 | 1,187 | ||||||
Cisco Systems, Inc. | 281 | 15,379 | ||||||
CIT Group, Inc. | 65 | 3,415 | ||||||
Citigroup, Inc. | 161 | 11,275 | ||||||
Citizens Financial Group, Inc. | 77 | 2,723 | ||||||
Citrix Systems, Inc. | 36 | 3,533 | ||||||
CME Group, Inc. | 24 | 4,659 | ||||||
Coca-Cola Co. (The) | 245 | 12,475 | ||||||
Cognizant Technology Solutions Corp. Class A | 39 | 2,472 | ||||||
Colgate-Palmolive Co. | 60 | 4,300 | ||||||
Comcast Corp. Class A | 287 | 12,134 | ||||||
Comerica, Inc. | 39 | 2,833 | ||||||
| Investments | Shares | Value | ||||||
Conagra Brands, Inc. | 68 | $ | 1,803 | |||||
Concho Resources, Inc. | 18 | 1,857 | ||||||
ConocoPhillips | 81 | 4,941 | ||||||
Constellation Brands, Inc. Class A | 14 | 2,757 | ||||||
Corning, Inc. | 122 | 4,054 | ||||||
Corteva, Inc.* | 53 | 1,567 | ||||||
Costco Wholesale Corp. | 29 | 7,664 | ||||||
Crown Castle International Corp. | 38 | 4,953 | ||||||
CSX Corp. | 68 | 5,261 | ||||||
Cummins, Inc. | 19 | 3,255 | ||||||
CVS Health Corp. | 108 | 5,885 | ||||||
D.R. Horton, Inc. | 71 | 3,062 | ||||||
Danaher Corp. | 45 | 6,431 | ||||||
DaVita, Inc.* | 31 | 1,744 | ||||||
Deere & Co. | 25 | 4,143 | ||||||
Dell Technologies, Inc. Class C* | 33 | 1,676 | ||||||
Delta Air Lines, Inc. | 66 | 3,746 | ||||||
Dentsply Sirona, Inc. | 46 | 2,685 | ||||||
Devon Energy Corp. | 68 | 1,939 | ||||||
DexCom, Inc.* | 11 | 1,648 | ||||||
Digital Realty Trust, Inc. | 18 | 2,120 | ||||||
Dollar General Corp. | 35 | 4,731 | ||||||
Dollar Tree, Inc.* | 26 | 2,792 | ||||||
Dominion Energy, Inc. | 69 | 5,335 | ||||||
Dover Corp. | 38 | 3,808 | ||||||
Dow, Inc.* | 53 | 2,613 | ||||||
Duke Energy Corp. | 65 | 5,736 | ||||||
DuPont de Nemours, Inc. | 53 | 3,979 | ||||||
DXC Technology Co. | 29 | 1,599 | ||||||
E*TRADE Financial Corp. | 53 | 2,364 | ||||||
Eaton Vance Corp. | 68 | 2,933 | ||||||
eBay, Inc. | 91 | 3,595 | ||||||
Edwards Lifesciences Corp.* | 18 | 3,325 | ||||||
Electronic Arts, Inc.* | 27 | 2,734 | ||||||
Eli Lilly & Co. | 66 | 7,312 | ||||||
Emerson Electric Co. | 70 | 4,670 | ||||||
EOG Resources, Inc. | 38 | 3,540 | ||||||
EPR Properties | 47 | 3,506 | ||||||
Equinix, Inc. | 9 | 4,539 | ||||||
Estee Lauder Cos., Inc. (The) Class A | 21 | 3,845 | ||||||
Evergy, Inc. | 58 | 3,489 | ||||||
Exelon Corp. | 115 | 5,513 | ||||||
Expeditors International of Washington, Inc. | 51 | 3,869 | ||||||
Exxon Mobil Corp. | 267 | 20,460 | ||||||
F5 Networks, Inc.* | 21 | 3,058 | ||||||
Facebook, Inc. Class A* | 161 | 31,073 | ||||||
FedEx Corp. | 19 | 3,120 | ||||||
Fifth Third Bancorp | 123 | 3,432 | ||||||
First Republic Bank | 28 | 2,734 | ||||||
FirstEnergy Corp. | 80 | 3,425 | ||||||
FleetCor Technologies, Inc.* | 14 | 3,932 | ||||||
Ford Motor Co. | 339 | 3,468 | ||||||
Fox Corp. Class A | 34 | 1,246 | ||||||
Freeport-McMoRan, Inc. | 166 | 1,927 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 75 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Globalex-Mexico Equity Fund(XMX)
June 30, 2019
| Investments | Shares | Value | ||||||
Gartner, Inc.* | 25 | $ | 4,024 | |||||
General Dynamics Corp. | 23 | 4,182 | ||||||
General Electric Co. | 530 | 5,565 | ||||||
General Motors Co. | 99 | 3,814 | ||||||
Gentex Corp. | 116 | 2,855 | ||||||
Genuine Parts Co. | 37 | 3,832 | ||||||
Gilead Sciences, Inc. | 90 | 6,080 | ||||||
Goldman Sachs Group, Inc. (The) | 24 | 4,910 | ||||||
Halliburton Co. | 75 | 1,706 | ||||||
Hartford Financial Services Group, Inc. (The) | 55 | 3,065 | ||||||
Hasbro, Inc. | 20 | 2,114 | ||||||
HCA Healthcare, Inc. | 20 | 2,703 | ||||||
Healthcare Realty Trust, Inc. | 120 | 3,758 | ||||||
HEICO Corp. Class A | 21 | 2,171 | ||||||
Hess Corp. | 48 | 3,051 | ||||||
Hewlett Packard Enterprise Co. | 154 | 2,302 | ||||||
Hexcel Corp. | 47 | 3,801 | ||||||
Home Depot, Inc. (The) | 77 | 16,014 | ||||||
Honeywell International, Inc. | 48 | 8,380 | ||||||
HP, Inc. | 142 | 2,952 | ||||||
Humana, Inc. | 13 | 3,449 | ||||||
Huntington Bancshares, Inc. | 211 | 2,916 | ||||||
IAC/InterActiveCorp* | 11 | 2,393 | ||||||
Illumina, Inc.* | 15 | 5,522 | ||||||
Incyte Corp.* | 20 | 1,699 | ||||||
Intel Corp. | 289 | 13,834 | ||||||
Intercontinental Exchange, Inc. | 45 | 3,867 | ||||||
International Business Machines Corp. | 56 | 7,722 | ||||||
International Paper Co. | 57 | 2,469 | ||||||
Intuit, Inc. | 30 | 7,840 | ||||||
Intuitive Surgical, Inc.* | 10 | 5,246 | ||||||
IQVIA Holdings, Inc.* | 22 | 3,540 | ||||||
J.M. Smucker Co. (The) | 24 | 2,765 | ||||||
Jack Henry & Associates, Inc. | 24 | 3,214 | ||||||
Jacobs Engineering Group, Inc. | 28 | 2,363 | ||||||
Johnson & Johnson | 173 | 24,095 | ||||||
JPMorgan Chase & Co. | 212 | 23,702 | ||||||
KeyCorp | 150 | 2,663 | ||||||
Kimberly-Clark Corp. | 35 | 4,665 | ||||||
Kinder Morgan, Inc. | 169 | 3,529 | ||||||
Kraft Heinz Co. (The) | 38 | 1,180 | ||||||
Kroger Co. (The) | 78 | 1,693 | ||||||
Lam Research Corp. | 13 | 2,442 | ||||||
Lear Corp. | 16 | 2,228 | ||||||
Lincoln National Corp. | 41 | 2,642 | ||||||
LKQ Corp.* | 94 | 2,501 | ||||||
Lockheed Martin Corp. | 17 | 6,180 | ||||||
Lowe’s Cos., Inc. | 63 | 6,357 | ||||||
M&T Bank Corp. | 18 | 3,061 | ||||||
Marathon Petroleum Corp. | 46 | 2,570 | ||||||
MarketAxess Holdings, Inc. | 8 | 2,571 | ||||||
Marriott International, Inc. Class A | 34 | 4,770 | ||||||
Masco Corp. | 77 | 3,021 | ||||||
MasterCard, Inc. Class A | 64 | 16,930 | ||||||
| Investments | Shares | Value | ||||||
Maxim Integrated Products, Inc. | 53 | $ | 3,170 | |||||
McCormick & Co., Inc.Non-Voting Shares | 21 | 3,255 | ||||||
McDonald’s Corp. | 50 | 10,383 | ||||||
McKesson Corp. | 19 | 2,553 | ||||||
Merck & Co., Inc. | 161 | 13,500 | ||||||
MetLife, Inc. | 79 | 3,924 | ||||||
Mettler-Toledo International, Inc.* | 5 | 4,200 | ||||||
MGM Resorts International | 74 | 2,114 | ||||||
Microchip Technology, Inc.(b) | 30 | 2,601 | ||||||
Micron Technology, Inc.* | 84 | 3,242 | ||||||
Microsoft Corp. | 502 | 67,248 | ||||||
Mohawk Industries, Inc.* | 14 | 2,065 | ||||||
Mondelez International, Inc. Class A | 112 | 6,037 | ||||||
Moody’s Corp. | 23 | 4,492 | ||||||
Morgan Stanley | 95 | 4,162 | ||||||
MSCI, Inc. | 21 | 5,015 | ||||||
National Retail Properties, Inc. | 72 | 3,817 | ||||||
Netflix, Inc.* | 30 | 11,020 | ||||||
Newmont Goldcorp Corp. | 52 | 2,000 | ||||||
NextEra Energy, Inc. | 43 | 8,809 | ||||||
NIKE, Inc. Class B | 101 | 8,479 | ||||||
Norfolk Southern Corp. | 26 | 5,183 | ||||||
Northrop Grumman Corp. | 13 | 4,200 | ||||||
Nucor Corp. | 46 | 2,535 | ||||||
NVIDIA Corp. | 44 | 7,226 | ||||||
O’Reilly Automotive, Inc.* | 8 | 2,955 | ||||||
Occidental Petroleum Corp. | 60 | 3,017 | ||||||
Omnicom Group, Inc. | 40 | 3,278 | ||||||
Oracle Corp. | 178 | 10,141 | ||||||
PayPal Holdings, Inc.* | 90 | 10,301 | ||||||
People’s United Financial, Inc. | 198 | 3,322 | ||||||
PepsiCo, Inc. | 96 | 12,589 | ||||||
Pfizer, Inc. | 365 | 15,812 | ||||||
Philip Morris International, Inc. | 92 | 7,225 | ||||||
Phillips 66 | 39 | 3,648 | ||||||
Pinnacle West Capital Corp. | 39 | 3,670 | ||||||
Pioneer Natural Resources Co. | 18 | 2,769 | ||||||
PNC Financial Services Group, Inc. (The) | 38 | 5,217 | ||||||
Pool Corp. | 16 | 3,056 | ||||||
Portland General Electric Co. | 74 | 4,009 | ||||||
PPG Industries, Inc. | 40 | 4,668 | ||||||
PPL Corp. | 82 | 2,543 | ||||||
Principal Financial Group, Inc. | 46 | 2,664 | ||||||
Procter & Gamble Co. (The) | 164 | 17,983 | ||||||
Progressive Corp. (The) | 58 | 4,636 | ||||||
Prologis, Inc. | 73 | 5,847 | ||||||
Prudential Financial, Inc. | 40 | 4,040 | ||||||
Public Service Enterprise Group, Inc. | 70 | 4,117 | ||||||
Public Storage | 18 | 4,287 | ||||||
QUALCOMM, Inc. | 84 | 6,390 | ||||||
Qurate Retail, Inc.* | 93 | 1,152 | ||||||
Raytheon Co. | 25 | 4,347 | ||||||
Realty Income Corp. | 52 | 3,586 | ||||||
Red Hat, Inc.* | 18 | 3,380 | ||||||
See Notes to Financial Statements.
| 76 | WisdomTree Trust |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Globalex-Mexico Equity Fund(XMX)
June 30, 2019
| Investments | Shares | Value | ||||||
Regency Centers Corp. | 50 | $ | 3,337 | |||||
Regeneron Pharmaceuticals, Inc.* | 7 | 2,191 | ||||||
Regions Financial Corp. | 199 | 2,973 | ||||||
Resideo Technologies, Inc.* | 45 | 986 | ||||||
Rockwell Automation, Inc. | 20 | 3,277 | ||||||
Roper Technologies, Inc. | 16 | 5,860 | ||||||
Ross Stores, Inc. | 40 | 3,965 | ||||||
S&P Global, Inc. | 25 | 5,695 | ||||||
salesforce.com, Inc.* | 61 | 9,256 | ||||||
Sempra Energy | 34 | 4,673 | ||||||
Service Corp. International | 77 | 3,602 | ||||||
ServiceNow, Inc.* | 14 | 3,844 | ||||||
Sherwin-Williams Co. (The) | 11 | 5,041 | ||||||
Silicon Laboratories, Inc.* | 27 | 2,792 | ||||||
Simon Property Group, Inc. | 28 | 4,473 | ||||||
Snap-on, Inc. | 14 | 2,319 | ||||||
Southwest Airlines Co. | 50 | 2,539 | ||||||
Southwest Gas Holdings, Inc. | 31 | 2,778 | ||||||
Splunk, Inc.* | 20 | 2,515 | ||||||
Square, Inc. Class A* | 36 | 2,611 | ||||||
Starbucks Corp. | 89 | 7,461 | ||||||
State Street Corp. | 38 | 2,130 | ||||||
Stryker Corp. | 26 | 5,345 | ||||||
SunTrust Banks, Inc. | 60 | 3,771 | ||||||
Synchrony Financial | 70 | 2,427 | ||||||
Synopsys, Inc.* | 44 | 5,662 | ||||||
Sysco Corp. | 45 | 3,182 | ||||||
T. Rowe Price Group, Inc. | 37 | 4,059 | ||||||
Target Corp. | 50 | 4,331 | ||||||
Tesla, Inc.*(b) | 10 | 2,235 | ||||||
Texas Instruments, Inc. | 65 | 7,459 | ||||||
Thermo Fisher Scientific, Inc. | 30 | 8,810 | ||||||
Tractor Supply Co. | 25 | 2,720 | ||||||
Travelers Cos., Inc. (The) | 23 | 3,439 | ||||||
Twitter, Inc.* | 53 | 1,850 | ||||||
U.S. Bancorp | 87 | 4,559 | ||||||
Union Pacific Corp. | 51 | 8,625 | ||||||
United Continental Holdings, Inc.* | 20 | 1,751 | ||||||
United Parcel Service, Inc. Class B | 42 | 4,337 | ||||||
United Technologies Corp. | 58 | 7,552 | ||||||
UnitedHealth Group, Inc. | 61 | 14,885 | ||||||
Unum Group | 64 | 2,147 | ||||||
Valero Energy Corp. | 43 | 3,681 | ||||||
Ventas, Inc. | 52 | 3,554 | ||||||
Verizon Communications, Inc. | 257 | 14,682 | ||||||
Vertex Pharmaceuticals, Inc.* | 25 | 4,585 | ||||||
Visa, Inc. Class A | 120 | 20,826 | ||||||
Vulcan Materials Co. | 20 | 2,746 | ||||||
W.W. Grainger, Inc. | 7 | 1,878 | ||||||
Wabtec Corp. | 12 | 861 | ||||||
Walgreens Boots Alliance, Inc. | 51 | 2,788 | ||||||
Walmart, Inc. | 84 | 9,281 | ||||||
Walt Disney Co. (The) | 126 | 17,595 | ||||||
Wells Fargo & Co. | 249 | 11,783 | ||||||
| Investments | Shares | Value | ||||||
Welltower, Inc. | 55 | $ | 4,484 | |||||
Western Digital Corp. | 29 | 1,379 | ||||||
Weyerhaeuser Co. | 108 | 2,845 | ||||||
Workday, Inc. Class A* | 12 | 2,467 | ||||||
Wynn Resorts Ltd. | 13 | 1,612 | ||||||
Zimmer Biomet Holdings, Inc. | 21 | 2,473 | ||||||
Zions Bancorp NA | 68 | 3,127 | ||||||
Zoetis, Inc. | 52 | 5,901 | ||||||
|
| |||||||
| Total United States | 1,737,328 | |||||||
TOTAL COMMON STOCKS (Cost: $3,092,905) | 2,962,220 | |||||||
| RIGHTS – 0.0% | ||||||||
| Spain – 0.0% | ||||||||
Repsol S.A., expiring 7/9/19* | ||||||||
| (Cost: $131) | 231 | 128 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% |
| |||||||
| United States – 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.36%(c) | ||||||||
| (Cost: $5,495)(d) | 5,495 | 5,495 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.3% (Cost: $3,098,531) | 2,967,843 | |||||||
Other Assets less Liabilities – 1.7% | 51,146 | |||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 3,018,989 | ||||||
| * | Non-income producing security. |
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | Security, or portion thereof, was on loan at June 30, 2019 (See Note 2). |
| (c) | Rate shown represents annualized7-day yield as of June 30, 2019. |
| (d) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $7,634 and the total market value of the collateral held by the Fund was $7,895. The total market value of the collateral includesnon-cash U.S. Government securities collateral having a value of $2,400. |
CVA – Certificaten Van Aandelen (Certificate of Stock)
NVDR –Non-Voting Depositary Receipt
See Notes to Financial Statements.
| WisdomTree Trust | 77 |
Table of Contents
Schedule of Investments
WisdomTree ICBCCS S&P China 500 Fund(WCHN)
June 30, 2019
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.0% | ||||||||
| China – 99.0% | ||||||||
| Aerospace & Defense – 0.6% | ||||||||
AECC Aero-Engine Control Co., Ltd. Class A | 3,000 | $ | 5,853 | |||||
AECC Aviation Power Co., Ltd. Class A | 6,800 | 22,484 | ||||||
AVIC Aircraft Co., Ltd. Class A | 9,000 | 20,638 | ||||||
AVIC Electromechanical Systems Co., Ltd. Class A | 9,000 | 9,015 | ||||||
AVIC Helicopter Co., Ltd. Class A | 2,900 | 17,320 | ||||||
AVIC Shenyang Aircraft Co., Ltd. Class A* | 2,200 | 9,299 | ||||||
AviChina Industry & Technology Co., Ltd. Class H | 17,222 | 9,413 | ||||||
China Aerospace Times Electronics Co., Ltd. Class A* | 12,000 | 10,763 | ||||||
China Avionics Systems Co., Ltd. Class A | 3,000 | 6,482 | ||||||
China Spacesat Co., Ltd. Class A | 4,500 | 14,774 | ||||||
|
| |||||||
| Total Aerospace & Defense | 126,041 | |||||||
| Air Freight & Logistics – 0.4% | ||||||||
CMST Development Co., Ltd. Class A | 6,000 | 5,006 | ||||||
SF Holding Co., Ltd. Class A | 4,000 | 19,778 | ||||||
Sinotrans Ltd. Class A* | 8,300 | 5,789 | ||||||
STO Express Co., Ltd. Class A | 2,000 | 7,262 | ||||||
YTO Express Group Co., Ltd. Class A | 2,200 | 3,949 | ||||||
ZTO Express Cayman, Inc. ADR | 2,628 | 50,247 | ||||||
|
| |||||||
| Total Air Freight & Logistics | 92,031 | |||||||
| Airlines – 0.8% | ||||||||
Air China Ltd. Class A | 14,100 | 19,647 | ||||||
Air China Ltd. Class H | 24,342 | 24,552 | ||||||
China Eastern Airlines Corp., Ltd. Class A | 34,500 | 31,495 | ||||||
China Eastern Airlines Corp., Ltd. Class H* | 4,244 | 2,504 | ||||||
China Southern Airlines Co., Ltd. Class A | 21,500 | 24,166 | ||||||
China Southern Airlines Co., Ltd. Class H | 24,342 | 16,950 | ||||||
Hainan Airlines Holding Co., Ltd. Class A* | 81,500 | 24,088 | ||||||
Juneyao Airlines Co., Ltd. Class A* | 3,300 | 6,294 | ||||||
Spring Airlines Co., Ltd. Class A | 1,700 | 11,138 | ||||||
|
| |||||||
| Total Airlines | 160,834 | |||||||
| Auto Components – 0.4% | ||||||||
Fuyao Glass Industry Group Co., Ltd. Class A | 9,700 | 32,101 | ||||||
Fuyao Glass Industry Group Co., Ltd. Class H(a) | 6,000 | 18,624 | ||||||
Huayu Automotive Systems Co., Ltd. Class A | 9,500 | 29,877 | ||||||
|
| |||||||
| Total Auto Components | 80,602 | |||||||
| Automobiles – 1.3% | ||||||||
BYD Co., Ltd. Class A | 5,900 | 43,570 | ||||||
BYD Co., Ltd. Class H(b) | 3,676 | 22,185 | ||||||
Geely Automobile Holdings Ltd. | 42,880 | 73,328 | ||||||
Great Wall Motor Co., Ltd. Class A | 6,300 | 7,586 | ||||||
Great Wall Motor Co., Ltd. Class H(b) | 29,644 | 21,211 | ||||||
Guangzhou Automobile Group Co., Ltd. Class A | 1,825 | 2,904 | ||||||
Guangzhou Automobile Group Co., Ltd. Class H | 29,151 | 31,119 | ||||||
SAIC Motor Corp., Ltd. Class A | 21,000 | 77,967 | ||||||
|
| |||||||
| Total Automobiles | 279,870 | |||||||
| Banks – 16.0% | ||||||||
Agricultural Bank of China Ltd. Class A | 241,100 | 126,372 | ||||||
Agricultural Bank of China Ltd. Class H | 185,000 | 77,434 | ||||||
| Investments | Shares | Value | ||||||
Bank of China Ltd. Class A | 153,300 | $ | 83,477 | |||||
Bank of China Ltd. Class H | 509,182 | 215,078 | ||||||
Bank of Communications Co., Ltd. Class A | 134,700 | 120,024 | ||||||
Bank of Communications Co., Ltd. Class H | 145,476 | 110,422 | ||||||
China CITIC Bank Corp., Ltd. Class A | 21,100 | 18,340 | ||||||
China CITIC Bank Corp., Ltd. Class H | 77,827 | 44,330 | ||||||
China Construction Bank Corp. Class A | 44,300 | 47,987 | ||||||
China Construction Bank Corp. Class H | 723,173 | 622,970 | ||||||
China Merchants Bank Co., Ltd. Class A | 105,000 | 550,049 | ||||||
China Merchants Bank Co., Ltd. Class H | 24,269 | 120,996 | ||||||
China Minsheng Banking Corp., Ltd. Class A | 214,140 | 197,980 | ||||||
China Minsheng Banking Corp., Ltd. Class H | 46,200 | 31,993 | ||||||
Industrial & Commercial Bank of China Ltd. Class A | 148,100 | 127,005 | ||||||
Industrial & Commercial Bank of China Ltd. Class H | 505,587 | 368,876 | ||||||
Industrial Bank Co., Ltd. Class A | 106,300 | 283,073 | ||||||
Shanghai Pudong Development Bank Co., Ltd. Class A | 115,900 | 197,096 | ||||||
|
| |||||||
| Total Banks | 3,343,502 | |||||||
| Beverages – 3.9% | ||||||||
China Resources Beer Holdings Co., Ltd. | 9,880 | 46,918 | ||||||
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A | 4,500 | 79,644 | ||||||
Kweichow Moutai Co., Ltd. Class A | 2,700 | 386,821 | ||||||
Luzhou Laojiao Co., Ltd. Class A | 5,300 | 62,373 | ||||||
Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A | 1,700 | 17,091 | ||||||
Tsingtao Brewery Co., Ltd. Class A | 2,900 | 21,082 | ||||||
Tsingtao Brewery Co., Ltd. Class H | 2,000 | 12,736 | ||||||
Wuliangye Yibin Co., Ltd. Class A | 11,200 | 192,339 | ||||||
|
| |||||||
| Total Beverages | 819,004 | |||||||
| Biotechnology – 0.7% | ||||||||
3SBio, Inc.(a)(b) | 9,411 | 16,166 | ||||||
BeiGene Ltd. ADR* | 357 | 44,250 | ||||||
Beijing SL Pharmaceutical Co., Ltd. Class A | 3,000 | 10,291 | ||||||
Beijing Tiantan Biological Products Corp., Ltd. Class A | 2,004 | 7,367 | ||||||
China Biologic Products Holdings, Inc.*(b) | 195 | 18,584 | ||||||
Hualan Biological Engineering, Inc. Class A | 6,600 | 29,299 | ||||||
JinyuBio-Technology Co., Ltd. Class A | 6,330 | 14,460 | ||||||
Shanghai RAAS Blood Products Co., Ltd. Class A* | 8,800 | 8,905 | ||||||
|
| |||||||
| Total Biotechnology | 149,322 | |||||||
| Building Products – 0.1% | ||||||||
Beijing New Building Materials PLC Class A | 6,000 | 15,838 | ||||||
| Capital Markets – 1.0% | ||||||||
CITIC Securities Co., Ltd. Class A | 53,300 | 184,773 | ||||||
CITIC Securities Co., Ltd. Class H* | 15,356 | 31,999 | ||||||
|
| |||||||
| Total Capital Markets | 216,772 | |||||||
| Chemicals – 1.6% | ||||||||
China Hainan Rubber Industry Group Co., Ltd. Class A | 6,700 | 5,023 | ||||||
ENN Ecological Holdings Co., Ltd. Class A | 3,200 | 4,869 | ||||||
Hengli Petrochemical Co., Ltd. Class A | 6,720 | 11,897 | ||||||
Hengyi Petrochemical Co., Ltd. Class A | 7,620 | 15,155 | ||||||
See Notes to Financial Statements.
| 78 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree ICBCCS S&P China 500 Fund(WCHN)
June 30, 2019
| Investments | Shares | Value | ||||||
Huapont Life Sciences Co., Ltd. Class A | 7,800 | $ | 5,519 | |||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co., Ltd. Class A | 19,800 | 9,484 | ||||||
Kangde Xin Composite Material Group Co., Ltd. Class A | 15,700 | 7,383 | ||||||
Kingenta Ecological Engineering Group Co., Ltd. Class A* | 9,300 | 4,929 | ||||||
Kingfa Sci & Tech Co., Ltd. Class A | 10,500 | 7,491 | ||||||
Lomon Billions Group Co., Ltd. Class A | 3,300 | 7,125 | ||||||
Luxi Chemical Group Co., Ltd. Class A | 7,500 | 11,881 | ||||||
Ningbo Shanshan Co., Ltd. Class A | 4,500 | 6,978 | ||||||
North Huajin Chemical Industries Co., Ltd. Class A | 6,000 | 5,591 | ||||||
Qinghai Salt Lake Industry Co., Ltd. Class A* | 10,500 | 9,417 | ||||||
Rongsheng Petro Chemical Co., Ltd. Class A | 9,000 | 15,803 | ||||||
Shandong Hualu Hengsheng Chemical Co., Ltd. Class A | 8,000 | 17,309 | ||||||
Sichuan Hebang Biotechnology Co., Ltd. Class A* | 21,300 | 5,892 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. Class A | 13,500 | 10,142 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 30,000 | 11,904 | ||||||
Tangshan Sanyou Chemical Industries Co., Ltd. Class A | 6,300 | 5,192 | ||||||
Tianqi Lithium Corp. Class A | 4,500 | 16,563 | ||||||
Tongkun Group Co., Ltd. Class A | 6,180 | 13,956 | ||||||
Transfar Zhilian Co., Ltd. Class A | 3,000 | 3,289 | ||||||
Wanhua Chemical Group Co., Ltd. Class A | 9,100 | 56,694 | ||||||
Xinjiang Zhongtai Chemical Co., Ltd. Class A | 9,000 | 10,431 | ||||||
Xinyangfeng Agricultural Technology Co., Ltd. Class A | 4,000 | 6,249 | ||||||
YanAn Bicon Pharmaceutical Listed Co. Class A | 1,000 | 2,533 | ||||||
Zhejiang Juhua Co., Ltd. Class A | 6,790 | 7,029 | ||||||
Zhejiang Longsheng Group Co., Ltd. Class A | 16,500 | 37,885 | ||||||
Zhejiang Runtu Co., Ltd. Class A | 3,150 | 5,715 | ||||||
Zibo Qixiang Tengda Chemical Co., Ltd. Class A | 3,700 | 4,175 | ||||||
|
| |||||||
| Total Chemicals | 343,503 | |||||||
| Commercial Services & Supplies – 0.3% | ||||||||
China Everbright International Ltd. | 17,120 | 15,800 | ||||||
Country Garden Services Holdings Co., Ltd. | 7,533 | 17,414 | ||||||
Jihua Group Corp., Ltd. Class A | 10,500 | 5,977 | ||||||
Shanghai M&G Stationery, Inc. Class A | 2,000 | 12,804 | ||||||
Tus-Sound Environmental Resources Co., Ltd. Class A | 5,780 | 9,922 | ||||||
|
| |||||||
| Total Commercial Services & Supplies | 61,917 | |||||||
| Communications Equipment – 0.7% | ||||||||
Fiberhome Telecommunication Technologies Co., Ltd. Class A | 3,700 | 15,008 | ||||||
Guangzhou Haige Communications Group, Inc. Co. Class A | 9,400 | 13,056 | ||||||
Hengtong Optic-electric Co., Ltd. Class A | 8,200 | 20,010 | ||||||
ZTE Corp. Class A* | 16,400 | 77,675 | ||||||
ZTE Corp. Class H* | 6,000 | 17,318 | ||||||
|
| |||||||
| Total Communications Equipment | 143,067 | |||||||
| Construction & Engineering – 2.2% | ||||||||
Beijing Orient Landscape & Environment Co., Ltd. Class A | 9,000 | 7,862 | ||||||
China CAMC Engineering Co., Ltd. Class A | 2,300 | 3,841 | ||||||
| Investments | Shares | Value | ||||||
China Communications Construction Co., Ltd. Class A | 9,300 | $ | 15,328 | |||||
China Communications Construction Co., Ltd. Class H | 41,467 | 37,101 | ||||||
China Gezhouba Group Co., Ltd. Class A* | 19,500 | 17,688 | ||||||
China National Chemical Engineering Co., Ltd. Class A | 12,200 | 10,693 | ||||||
China Nuclear Engineering Corp., Ltd. Class A | 3,300 | 3,738 | ||||||
China Railway Construction Corp., Ltd. Class A | 28,500 | 41,288 | ||||||
China Railway Construction Corp., Ltd. Class H | 15,000 | 18,394 | ||||||
China Railway Group Ltd. Class A | 45,000 | 42,718 | ||||||
China Railway Group Ltd. Class H | 30,000 | 22,810 | ||||||
China RailwayHi-tech Industry Co., Ltd. Class A | 4,800 | 8,086 | ||||||
China State Construction Engineering Corp., Ltd. Class A | 131,180 | 109,821 | ||||||
China State Construction International Holdings Ltd. | 13,756 | 14,121 | ||||||
Jiangsu Zhongnan Construction Group Co., Ltd. Class A | 12,000 | 15,130 | ||||||
Metallurgical Corp. of China Ltd. Class A | 28,800 | 12,747 | ||||||
Power Construction Corp. of China Ltd. Class A | 31,000 | 23,876 | ||||||
Shanghai Construction Group Co., Ltd. Class A | 36,500 | 19,982 | ||||||
Shanghai Tunnel Engineering Co., Ltd. Class A | 12,400 | 11,392 | ||||||
Suzhou Gold Mantis Construction Decoration Co., Ltd. Class A | 9,500 | 14,261 | ||||||
|
| |||||||
| Total Construction & Engineering | 450,877 | |||||||
| Construction Materials – 1.3% | ||||||||
Anhui Conch Cement Co., Ltd. Class A | 14,600 | 88,217 | ||||||
Anhui Conch Cement Co., Ltd. Class H | 9,762 | 61,165 | ||||||
BBMG Corp. Class A | 22,500 | 12,318 | ||||||
BBMG Corp. Class H(b) | 15,000 | 4,819 | ||||||
Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Class A | 7,419 | 24,477 | ||||||
China Jushi Co., Ltd. Class A | 15,220 | 21,118 | ||||||
China National Building Material Co., Ltd. Class H | 17,533 | 15,373 | ||||||
China Resources Cement Holdings Ltd. | 4,244 | 4,112 | ||||||
China West Construction Group Co., Ltd. Class A | 2,200 | 3,568 | ||||||
CSG Holding Co., Ltd. Class A | 14,195 | 8,598 | ||||||
Huaxin Cement Co., Ltd. Class A | 4,340 | 12,795 | ||||||
Jilin Yatai Group Co., Ltd. Class A | 10,800 | 5,110 | ||||||
Sichuan Shuangma Cement Co., Ltd. Class A* | 1,800 | 4,191 | ||||||
Tangshan Jidong Cement Co., Ltd. Class A | 3,300 | 8,461 | ||||||
|
| |||||||
| Total Construction Materials | 274,322 | |||||||
| Containers & Packaging – 0.1% | ||||||||
ORG Technology Co., Ltd. Class A | 7,800 | 5,304 | ||||||
Shenzhen Jinjia Group Co., Ltd. Class A | 6,000 | 10,841 | ||||||
|
| |||||||
| Total Containers & Packaging | 16,145 | |||||||
| Diversified Consumer Services – 0.8% | ||||||||
New Oriental Education & Technology Group, Inc. ADR* | 783 | 75,622 | ||||||
TAL Education Group ADR* | 2,487 | 94,755 | ||||||
|
| |||||||
| Total Diversified Consumer Services | 170,377 | |||||||
| Electrical Equipment – 1.1% | ||||||||
China XD Electric Co., Ltd. Class A | 12,200 | 6,572 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 79 |
Table of Contents
Schedule of Investments(continued)
WisdomTree ICBCCS S&P China 500 Fund(WCHN)
June 30, 2019
| Investments | Shares | Value | ||||||
Dongfang Electric Corp., Ltd. Class A* | 7,500 | $ | 11,597 | |||||
Fangda Carbon New Material Co., Ltd. Class A* | 12,367 | 22,129 | ||||||
Fullshare Holdings Ltd.* | 58,382 | 3,624 | ||||||
Guangdong LY Intelligent Manufacturing Co., Ltd. Class A* | 6,900 | 5,957 | ||||||
Guoxuan High-Tech Co., Ltd. Class A | 4,500 | 8,590 | ||||||
Hongfa Technology Co., Ltd. Class A | 4,280 | 15,143 | ||||||
Jiangsu Zhongtian Technology Co., Ltd. Class A | 13,500 | 18,024 | ||||||
NARI Technology Co., Ltd. Class A | 10,500 | 28,496 | ||||||
Shanghai Electric Group Co., Ltd. Class A | 25,500 | 19,974 | ||||||
Shanghai Electric Group Co., Ltd. Class H | 1,413 | 512 | ||||||
TBEA Co., Ltd. Class A | 22,500 | 23,751 | ||||||
Xinjiang Goldwind Science & Technology Co., Ltd. Class A | 12,400 | 22,441 | ||||||
Xinjiang Goldwind Science & Technology Co., Ltd. Class H(b) | 4,756 | 5,199 | ||||||
Zhejiang Chint Electrics Co., Ltd. Class A | 5,300 | 17,818 | ||||||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 4,500 | 23,702 | ||||||
|
| |||||||
| Total Electrical Equipment | 233,529 | |||||||
| Electronic Equipment, Instruments & Components – 2.3% |
| |||||||
AAC Technologies Holdings, Inc. | 3,676 | 20,868 | ||||||
AVIC Jonhon Optronic Technology Co., Ltd. Class A | 3,250 | 15,833 | ||||||
BOE Technology Group Co., Ltd. Class A | 175,300 | 87,799 | ||||||
Foxconn Industrial Internet Co., Ltd. Class A | 7,800 | 13,685 | ||||||
GoerTek, Inc. Class A | 12,700 | 16,438 | ||||||
Hangzhou Hikvision Digital Technology Co., Ltd. Class A | 20,600 | 82,720 | ||||||
Kingboard Holdings Ltd. | 3,676 | 10,234 | ||||||
Luxshare Precision Industry Co., Ltd. Class A | 13,320 | 48,076 | ||||||
NAURA Technology Group Co., Ltd. Class A | 1,000 | 10,083 | ||||||
OFILM Group Co., Ltd. Class A | 12,100 | 13,812 | ||||||
Shengyi Technology Co., Ltd. Class A | 6,800 | 14,900 | ||||||
Shennan Circuits Co., Ltd. Class A | 360 | 5,342 | ||||||
Sunny Optical Technology Group Co., Ltd. | 4,500 | 46,483 | ||||||
Suzhou Dongshan Precision Manufacturing Co., Ltd. Class A | 6,000 | 12,728 | ||||||
Tianma Microelectronics Co., Ltd. Class A | 6,400 | 12,524 | ||||||
Tunghsu Optoelectronic Technology Co., Ltd. Class A | 25,700 | 19,233 | ||||||
Unigroup Guoxin Microelectronics Co., Ltd. Class A | 2,200 | 14,129 | ||||||
Unisplendour Corp., Ltd. Class A | 2,380 | 9,443 | ||||||
Westone Information Industry, Inc. Class A | 3,300 | 11,747 | ||||||
Zhejiang Dahua Technology Co., Ltd. Class A | 9,300 | 19,661 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 485,738 | ||||||
| Entertainment – 0.6% | ||||||||
NetEase, Inc. ADR | 480 | 122,770 | ||||||
| Food & Staples Retailing – 0.3% | ||||||||
Sun Art Retail Group Ltd. | 20,731 | 19,636 | ||||||
Yonghui Superstores Co., Ltd. Class A | 22,800 | 33,893 | ||||||
|
| |||||||
| Total Food & Staples Retailing | 53,529 | |||||||
| Food Products – 2.4% | ||||||||
China Mengniu Dairy Co., Ltd.* | 18,644 | 72,190 | ||||||
Dali Foods Group Co., Ltd.(a) | 15,000 | 9,965 | ||||||
Foshan Haitian Flavouring & Food Co., Ltd. Class A | 3,200 | 48,920 | ||||||
| Investments | Shares | Value | ||||||
Guangdong Haid Group Co., Ltd. Class A | 4,500 | $ | 20,245 | |||||
Henan Shuanghui Investment & Development Co., Ltd. Class A | 6,500 | 23,555 | ||||||
Inner Mongolia Yili Industrial Group Co., Ltd. Class A | 31,320 | 152,352 | ||||||
Muyuan Foodstuff Co., Ltd. Class A | 3,940 | 33,725 | ||||||
New Hope Liuhe Co., Ltd. Class A | 14,000 | 35,406 | ||||||
Tingyi Cayman Islands Holding Corp. | 7,071 | 11,802 | ||||||
Want Want China Holdings Ltd. | 46,707 | 37,964 | ||||||
WH Group Ltd.(a) | 62,722 | 63,585 | ||||||
|
| |||||||
| Total Food Products | 509,709 | |||||||
| Gas Utilities – 0.5% | ||||||||
Beijing Enterprises Holdings Ltd. | 1,769 | 8,990 | ||||||
China Gas Holdings Ltd. | 18,000 | 66,931 | ||||||
China Resources Gas Group Ltd. | 6,244 | 30,970 | ||||||
|
| |||||||
| Total Gas Utilities | 106,891 | |||||||
| Health Care Equipment & Supplies – 0.1% | ||||||||
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. Class A | 4,500 | 16,131 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 13,658 | 12,377 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies | 28,508 | |||||||
| Health Care Providers & Services – 0.7% | ||||||||
China National Accord Medicines Corp., Ltd. Class A | 700 | 4,263 | ||||||
China Reform Health Management and Services Group Co., Ltd. Class A* | 3,300 | 8,245 | ||||||
Huadong Medicine Co., Ltd. Class A | 5,400 | 20,410 | ||||||
Jointown Pharmaceutical Group Co., Ltd. Class A | 4,500 | 8,098 | ||||||
Meinian Onehealth Healthcare Holdings Co., Ltd. Class A | 11,180 | 20,250 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class A | 7,500 | 19,819 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 5,376 | 10,570 | ||||||
Sinopharm Group Co., Ltd. Class H | 8,658 | 30,476 | ||||||
Topchoice Medical Investment Corp. Class A* | 1,200 | 15,478 | ||||||
|
| |||||||
| Total Health Care Providers & Services | 137,609 | |||||||
| Health Care Technology – 0.1% | ||||||||
Ping An Healthcare and Technology Co., Ltd.*(a)(b) | 3,213 | 13,387 | ||||||
| Hotels, Restaurants & Leisure – 1.3% | ||||||||
China International Travel Service Corp., Ltd. Class A | 5,200 | 67,117 | ||||||
Haidilao International Holding Ltd.(a) | 5,000 | 20,896 | ||||||
Huazhu Group Ltd. ADR | 828 | 30,015 | ||||||
Shenzhen Overseas Chinese Town Co., Ltd. Class A | 22,500 | 22,767 | ||||||
Yum China Holdings, Inc. | 2,789 | 128,852 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure | 269,647 | |||||||
| Household Durables – 2.7% | ||||||||
Gree Electric Appliances, Inc. of Zhuhai Class A | 29,800 | 238,633 | ||||||
Haier Electronics Group Co., Ltd.* | 11,364 | 31,419 | ||||||
Haier Smart Home Co., Ltd. Class A | 24,700 | 62,179 | ||||||
Midea Group Co., Ltd. Class A | 28,951 | 218,602 | ||||||
Oppein Home Group, Inc. Class A | 200 | 3,134 | ||||||
Zhejiang Supor Co., Ltd. Class A | 900 | 9,936 | ||||||
|
| |||||||
| Total Household Durables | 563,903 | |||||||
See Notes to Financial Statements.
| 80 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree ICBCCS S&P China 500 Fund(WCHN)
June 30, 2019
| Investments | Shares | Value | ||||||
| Independent Power & Renewable Electricity Producers – 1.8% |
| |||||||
CGN Power Co., Ltd. Class H(a) | 75,000 | $ | 20,640 | |||||
China National Nuclear Power Co., Ltd. Class A | 30,300 | 24,528 | ||||||
China Resources Power Holdings Co., Ltd. | 5,658 | 8,256 | ||||||
China Yangtze Power Co., Ltd. Class A* | 53,300 | 138,909 | ||||||
Datang International Power Generation Co., Ltd. Class A | 14,000 | 6,299 | ||||||
GD Power Development Co., Ltd. Class A | 77,000 | 28,476 | ||||||
Huadian Power International Corp., Ltd. Class A | 19,800 | 10,868 | ||||||
Huaneng Power International, Inc. Class A | 27,870 | 25,280 | ||||||
Huaneng Power International, Inc. Class H | 30,000 | 17,664 | ||||||
Hubei Energy Group Co., Ltd. Class A | 13,800 | 8,720 | ||||||
SDIC Power Holdings Co., Ltd. Class A | 23,200 | 26,246 | ||||||
Shanghai Electric Power Co., Ltd. Class A | 6,000 | 7,583 | ||||||
Shenergy Co., Ltd. Class A | 16,500 | 14,438 | ||||||
Shenzhen Energy Group Co., Ltd. Class A | 7,500 | 6,770 | ||||||
Sichuan Chuantou Energy Co., Ltd. Class A | 15,500 | 20,085 | ||||||
Zhejiang Zheneng Electric Power Co., Ltd. Class A | 21,300 | 13,707 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 378,469 | ||||||
| Industrial Conglomerates – 0.4% | ||||||||
China Baoan Group Co., Ltd. Class A | 13,500 | 11,223 | ||||||
CITIC Ltd. | 48,818 | 70,361 | ||||||
Shanghai Industrial Holdings Ltd. | 707 | 1,533 | ||||||
|
| |||||||
| Total Industrial Conglomerates | 83,117 | |||||||
| Insurance – 7.9% | ||||||||
China Life Insurance Co., Ltd. Class A | 10,200 | 42,058 | ||||||
China Life Insurance Co., Ltd. Class H | 48,644 | 119,796 | ||||||
China Pacific Insurance Group Co., Ltd. Class A | 24,566 | 130,586 | ||||||
China Pacific Insurance Group Co., Ltd. Class H | 17,236 | 67,400 | ||||||
People’s Insurance Co. Group of China Ltd. (The) Class A* | 6,500 | 8,981 | ||||||
People’s Insurance Co. Group of China Ltd. (The) Class H | 47,000 | 18,349 | ||||||
Ping An Insurance Group Co. of China Ltd. Class A | 66,100 | 852,776 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 34,031 | 408,590 | ||||||
|
| |||||||
| Total Insurance | 1,648,536 | |||||||
| Interactive Media & Services – 9.1% | ||||||||
Baidu, Inc. ADR* | 1,887 | 221,458 | ||||||
Tencent Holdings Ltd. | 36,902 | 1,665,491 | ||||||
|
| |||||||
| Total Interactive Media & Services | 1,886,949 | |||||||
| Internet & Direct Marketing Retail – 9.6% | ||||||||
Alibaba Group Holding Ltd. ADR* | 8,832 | 1,496,583 | ||||||
Ctrip.com International Ltd. ADR* | 2,598 | 95,892 | ||||||
JD.com, Inc. ADR* | 5,639 | 170,805 | ||||||
Meituan Dianping Class B* | 26,400 | 231,475 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail | 1,994,755 | |||||||
| IT Services – 0.2% | ||||||||
China TransInfo Technology Co., Ltd. Class A | 3,800 | 9,461 | ||||||
DHC Software Co., Ltd. Class A | 13,800 | 14,044 | ||||||
GDS Holdings Ltd. ADR*(b) | 391 | 14,690 | ||||||
TravelSky Technology Ltd. Class H | 2,827 | 5,681 | ||||||
|
| |||||||
| Total IT Services | 43,876 | |||||||
| Investments | Shares | Value | ||||||
| Life Sciences Tools & Services – 0.2% | ||||||||
Genscript Biotech Corp.* | 5,413 | $ | 13,594 | |||||
Wuxi Biologics Cayman, Inc.*(a) | 2,913 | 26,156 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services | 39,750 | |||||||
| Machinery – 2.7% | ||||||||
China Conch Venture Holdings Ltd. | 15,000 | 52,992 | ||||||
China CSSC Holdings Ltd. Class A | 4,500 | 15,462 | ||||||
China First Heavy Industries Class A* | 18,400 | 8,412 | ||||||
China International Marine Containers Group Co., Ltd. Class A | 7,800 | 12,129 | ||||||
China Shipbuilding Industry Co., Ltd. Class A | 69,800 | 56,504 | ||||||
CITIC Heavy Industries Co., Ltd. Class A | 11,300 | 7,107 | ||||||
CRRC Corp., Ltd. Class A | 58,500 | 68,906 | ||||||
CRRC Corp., Ltd. Class H | 30,000 | 25,075 | ||||||
Fujian Longking Co., Ltd. Class A | 6,000 | 10,824 | ||||||
Haitian International Holdings Ltd. | 1,413 | 2,934 | ||||||
Han’s Laser Technology Industry Group Co., Ltd. Class A | 4,600 | 23,026 | ||||||
Inner Mongolia First Machinery Group Co., Ltd. Class A | 4,500 | 7,338 | ||||||
Jiangsu Hengli Hydraulic Co., Ltd. Class A | 1,600 | 7,310 | ||||||
North Navigation Control Technology Co., Ltd. Class A* | 4,800 | 6,283 | ||||||
Sany Heavy Industry Co., Ltd. Class A | 30,000 | 57,132 | ||||||
Shanghai Mechanical and Electrical Industry Co., Ltd. Class A | 1,800 | 4,350 | ||||||
Shanghai Zhenhua Heavy Industries Co., Ltd. Class A | 12,580 | 6,887 | ||||||
Sinotruk Hong Kong Ltd. | 3,676 | 6,362 | ||||||
Tian Di Science & Technology Co., Ltd. Class A | 9,000 | 4,521 | ||||||
Weichai Power Co., Ltd. Class A | 31,500 | 56,366 | ||||||
Weichai Power Co., Ltd. Class H | 15,000 | 25,344 | ||||||
XCMG Construction Machinery Co., Ltd. Class A | 29,000 | 18,831 | ||||||
Yangzijiang Shipbuilding Holdings Ltd. | 16,500 | 18,659 | ||||||
Zhejiang Sanhua Intelligent Controls Co., Ltd. Class A | 7,800 | 11,981 | ||||||
Zhengzhou Yutong Bus Co., Ltd. Class A | 8,000 | 15,165 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class A | 36,000 | 31,501 | ||||||
|
| |||||||
| Total Machinery | 561,401 | |||||||
| Marine – 0.2% | ||||||||
COSCO Shipping Development Co., Ltd. Class A* | 16,200 | 6,416 | ||||||
COSCO Shipping Energy Transportation Co., Ltd. Class A | 7,800 | 7,370 | ||||||
COSCO Shipping Holdings Co., Ltd. Class A* | 18,700 | 13,668 | ||||||
COSCO Shipping Holdings Co., Ltd. Class H* | 15,000 | 5,856 | ||||||
|
| |||||||
| Total Marine | 33,310 | |||||||
| Metals & Mining – 3.0% | ||||||||
Aluminum Corp. of China Ltd. Class A* | 42,900 | 24,485 | ||||||
Aluminum Corp. of China Ltd. Class H* | 30,000 | 10,637 | ||||||
Angang Steel Co., Ltd. Class A | 10,140 | 5,595 | ||||||
Angang Steel Co., Ltd. Class H(b) | 3,675 | 1,675 | ||||||
Baoshan Iron & Steel Co., Ltd. Class A | 54,460 | 51,540 | ||||||
Beijing Shougang Co., Ltd. Class A* | 7,500 | 3,844 | ||||||
Chengtun Mining Group Co., Ltd. Class A | 9,300 | 7,325 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 81 |
Table of Contents
Schedule of Investments(continued)
WisdomTree ICBCCS S&P China 500 Fund(WCHN)
June 30, 2019
| Investments | Shares | Value | ||||||
China Molybdenum Co., Ltd. Class A | 19,500 | $ | 11,243 | |||||
China Molybdenum Co., Ltd. Class H | 38,636 | 12,215 | ||||||
China Northern Rare Earth Group High-Tech Co., Ltd. Class A | 16,500 | 30,846 | ||||||
Chongqing Iron & Steel Co., Ltd. Class A* | 44,600 | 13,052 | ||||||
Ganfeng Lithium Co., Ltd. Class A* | 5,800 | 19,786 | ||||||
Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. Class A* | 18,800 | 5,557 | ||||||
GEM Co., Ltd. Class A | 23,200 | 15,910 | ||||||
Guangdong HEC Technology Holding Co., Ltd. Class A | 9,000 | 10,286 | ||||||
Hesteel Co., Ltd. Class A | 33,500 | 14,584 | ||||||
Hunan Valin Steel Co., Ltd. Class A* | 8,680 | 6,028 | ||||||
Inner Mongolia BaoTou Steel Union Co., Ltd. Class A | 143,400 | 35,285 | ||||||
Jiangxi Copper Co., Ltd. Class A | 6,500 | 14,896 | ||||||
Jiangxi Copper Co., Ltd. Class H | 15,000 | 19,968 | ||||||
Jinduicheng Molybdenum Co., Ltd. Class A | 6,000 | 5,853 | ||||||
Maanshan Iron & Steel Co., Ltd. Class A | 16,800 | 8,341 | ||||||
MMG Ltd.* | 5,658 | 1,977 | ||||||
Nanjing Iron & Steel Co., Ltd. Class A | 14,300 | 7,287 | ||||||
Pangang Group Vanadium Titanium & Resources Co., Ltd. Class A* | 41,000 | 20,236 | ||||||
SGIS Songshan Co., Ltd. Class A* | 6,300 | 4,063 | ||||||
Shandong Gold Mining Co., Ltd. Class A* | 4,500 | 26,974 | ||||||
Shandong Iron and Steel Co., Ltd. Class A* | 30,200 | 7,343 | ||||||
Shandong Nanshan Aluminum Co., Ltd. Class A | 36,300 | 11,945 | ||||||
Shanxi Taigang Stainless Steel Co., Ltd. Class A | 11,500 | 6,815 | ||||||
Shenghe Resources Holding Co., Ltd. Class A | 4,820 | 7,762 | ||||||
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A | 16,650 | 11,369 | ||||||
Tongling Nonferrous Metals Group Co., Ltd. Class A | 42,500 | 15,222 | ||||||
Western Mining Co., Ltd. Class A* | 12,500 | 11,611 | ||||||
Xiamen Tungsten Co., Ltd. Class A | 4,760 | 9,917 | ||||||
Xinxing Ductile Iron Pipes Co., Ltd. Class A | 15,000 | 9,697 | ||||||
Xinyu Iron & Steel Co., Ltd. Class A | 8,000 | 5,824 | ||||||
Yintai Resources Co., Ltd. Class A | 3,820 | 7,336 | ||||||
Yunnan Aluminium Co., Ltd. Class A* | 6,300 | 4,302 | ||||||
Yunnan Chihong Zinc & Germanium Co., Ltd. Class A | 15,900 | 11,760 | ||||||
Yunnan Copper Co., Ltd. Class A* | 5,200 | 8,048 | ||||||
Yunnan Tin Co., Ltd. Class A* | 4,800 | 7,806 | ||||||
Zhejiang Huayou Cobalt Co., Ltd. Class A | 2,912 | 9,035 | ||||||
Zhongjin Gold Corp., Ltd. Class A | 12,500 | 18,691 | ||||||
Zijin Mining Group Co., Ltd. Class A | 87,000 | 47,754 | ||||||
Zijin Mining Group Co., Ltd. Class H | 58,587 | 23,772 | ||||||
|
| |||||||
| Total Metals & Mining |
| 625,497 | ||||||
| Oil, Gas & Consumable Fuels – 3.1% |
| |||||||
China Coal Energy Co., Ltd. Class A | 11,000 | 7,688 | ||||||
China Coal Energy Co., Ltd. Class H | 15,000 | 6,240 | ||||||
China Petroleum & Chemical Corp. Class A | 70,400 | 56,067 | ||||||
China Petroleum & Chemical Corp. Class H | 187,636 | 127,533 | ||||||
China Shenhua Energy Co., Ltd. Class A | 15,000 | 44,509 | ||||||
China Shenhua Energy Co., Ltd. Class H | 25,618 | 53,646 | ||||||
CNOOC Ltd. | 107,467 | 183,777 | ||||||
PetroChina Co., Ltd. Class A | 88,900 | 89,051 | ||||||
| Investments | Shares | Value | ||||||
PetroChina Co., Ltd. Class H | 157,636 | $ | 86,965 | |||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 655,476 | ||||||
| Paper & Forest Products – 0.2% |
| |||||||
Lee & Man Paper Manufacturing Ltd. | 15,000 | 10,502 | ||||||
Nine Dragons Paper Holdings Ltd. | 15,000 | 13,306 | ||||||
Shandong Chenming Paper Holdings Ltd. Class A | 9,000 | 7,024 | ||||||
Shandong Sun Paper Industry JSC Ltd. Class A | 7,500 | 7,436 | ||||||
Shanying International Holding Co., Ltd. Class A* | 16,500 | 8,096 | ||||||
|
| |||||||
| Total Paper & Forest Products |
| 46,364 | ||||||
| Personal Products – 0.2% |
| |||||||
Hengan International Group Co., Ltd. | 5,293 | 38,923 | ||||||
| Pharmaceuticals – 3.3% |
| |||||||
Beijing Tongrentang Co., Ltd. Class A | 5,300 | 22,378 | ||||||
Changchun High & New Technology Industry Group, Inc. Class A | 900 | 44,291 | ||||||
China Medical System Holdings Ltd. | 15,000 | 13,747 | ||||||
China Resources Pharmaceutical Group Ltd.(a) | 15,000 | 16,915 | ||||||
China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. Class A* | 1,800 | 7,689 | ||||||
CSPC Pharmaceutical Group Ltd. | 30,000 | 48,384 | ||||||
Dong-E-E-Jiao Co., Ltd. Class A | 4,400 | 25,510 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class A | 3,200 | 19,088 | ||||||
Hubei Jumpcan Pharmaceutical Co., Ltd. Class A | 1,500 | 6,576 | ||||||
Humanwell Healthcare Group Co., Ltd. Class A | 6,300 | 9,631 | ||||||
Jiangsu Hengrui Medicine Co., Ltd. Class A | 14,184 | 136,299 | ||||||
Jilin Aodong Pharmaceutical Group Co., Ltd. Class A | 6,500 | 15,511 | ||||||
Kangmei Pharmaceutical Co., Ltd. Class A | 21,000 | 10,610 | ||||||
Livzon Pharmaceutical Group, Inc. Class A | 2,370 | 11,467 | ||||||
Shandong Buchang Pharmaceuticals Co., Ltd. Class A | 3,000 | 11,256 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A | 7,500 | 27,627 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 1,413 | 4,277 | ||||||
Shenzhen Hepalink Pharmaceutical Group Co., Ltd. Class A | 2,200 | 6,723 | ||||||
Shenzhen Salubris Pharmaceuticals Co., Ltd. Class A | 3,000 | 9,775 | ||||||
Shijiazhuang Yiling Pharmaceutical Co., Ltd. Class A | 3,000 | 5,058 | ||||||
Sichuan Kelun Pharmaceutical Co., Ltd. Class A | 4,500 | 19,479 | ||||||
Sino Biopharmaceutical Ltd. | 52,644 | 53,840 | ||||||
Tasly Pharmaceutical Group Co., Ltd. Class A | 6,680 | 16,096 | ||||||
Tonghua Dongbao Pharmaceutical Co., Ltd. Class A | 9,780 | 21,929 | ||||||
Yifan Pharmaceutical Co., Ltd. Class A | 4,500 | 8,026 | ||||||
Yunnan Baiyao Group Co., Ltd. Class A | 3,000 | 36,437 | ||||||
Zhangzhou Pientzehuang Pharmaceutical Co., Ltd. Class A | 2,300 | 38,577 | ||||||
Zhejiang Conba Pharmaceutical Co., Ltd. Class A | 13,500 | 12,580 | ||||||
Zhejiang Huahai Pharmaceutical Co., Ltd. Class A* | 5,840 | 11,989 | ||||||
Zhejiang NHU Co., Ltd. Class A | 7,420 | 20,840 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 692,605 | ||||||
| Professional Services – 0.1% |
| |||||||
51job, Inc. ADR* | 165 | 12,457 | ||||||
See Notes to Financial Statements.
| 82 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree ICBCCS S&P China 500 Fund(WCHN)
June 30, 2019
| Investments | Shares | Value | ||||||
| Real Estate Management & Development – 5.2% |
| |||||||
Agile Group Holdings Ltd. | 4,244 | $ | 5,682 | |||||
Beijing Capital Development Co., Ltd. Class A | 4,900 | 6,371 | ||||||
China Evergrande Group(b) | 20,244 | 56,748 | ||||||
China Fortune Land Development Co., Ltd. Class A | 8,000 | 37,937 | ||||||
China Jinmao Holdings Group Ltd. | 28,929 | 17,589 | ||||||
China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A* | 15,000 | 45,644 | ||||||
China Overseas Land & Investment Ltd. | 26,587 | 98,010 | ||||||
China Resources Land Ltd. | 19,533 | 86,008 | ||||||
China Vanke Co., Ltd. Class A | 38,000 | 153,863 | ||||||
China Vanke Co., Ltd. Class H | 9,284 | 34,819 | ||||||
CIFI Holdings Group Co., Ltd. | 16,120 | 10,626 | ||||||
Country Garden Holdings Co., Ltd. | 47,120 | 71,653 | ||||||
Financial Street Holdings Co., Ltd. Class A | 15,500 | 17,693 | ||||||
Future Land Development Holdings Ltd. | 10,000 | 13,158 | ||||||
Gemdale Corp. Class A | 23,200 | 40,298 | ||||||
Greenland Holdings Group Co., Ltd. Class A | 23,200 | 23,071 | ||||||
Jinke Properties Group Co., Ltd. Class A | 16,800 | 14,749 | ||||||
Logan Property Holdings Co., Ltd. | 2,827 | 4,574 | ||||||
Longfor Group Holdings Ltd. | 7,856 | 29,614 | ||||||
Oceanwide Holdings Co., Ltd. Class A | 3,800 | 3,087 | ||||||
Poly Developments and Holdings Group Co., Ltd. Class A | 53,300 | 99,021 | ||||||
RiseSun Real Estate Development Co., Ltd. Class A | 12,000 | 16,406 | ||||||
Seazen Holdings Co., Ltd. Class A | 4,800 | 27,822 | ||||||
Shanghai Lingang Holdings Corp., Ltd. Class A | 1,700 | 7,705 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class A | 3,960 | 8,937 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class B | 1,920 | 2,323 | ||||||
Shimao Property Holdings Ltd. | 7,500 | 22,848 | ||||||
Sunac China Holdings Ltd. | 15,000 | 73,728 | ||||||
Xinhu Zhongbao Co., Ltd. Class A | 30,500 | 13,944 | ||||||
Youngor Group Co., Ltd. Class A | 25,200 | 23,298 | ||||||
Zall Smart Commerce Group Ltd.* | 15,707 | 2,111 | ||||||
Zhejiang China Commodities City Group Co., Ltd. Class A | 18,000 | 10,797 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 1,080,134 | ||||||
| Road & Rail – 0.3% |
| |||||||
China High Speed Railway Technology Co., Ltd. Class A | 12,000 | 6,587 | ||||||
Daqin Railway Co., Ltd. Class A | 41,900 | 49,353 | ||||||
Guangshen Railway Co., Ltd. Class A | 22,500 | 10,581 | ||||||
Guangshen Railway Co., Ltd. Class H | 4,244 | 1,450 | ||||||
|
| |||||||
| Total Road & Rail |
| 67,971 | ||||||
| Semiconductors & Semiconductor Equipment – 0.8% |
| |||||||
GCL System Integration Technology Co., Ltd. Class A* | 12,200 | 11,866 | ||||||
Gigadevice Semiconductor Beijing, Inc. Class A | 600 | 7,574 | ||||||
Hangzhou Silan Microelectronics Co., Ltd. Class A | 4,500 | 10,876 | ||||||
Jiangsu Changjiang Electronics Technology Co., Ltd. Class A* | 5,700 | 10,664 | ||||||
LONGi Green Energy Technology Co., Ltd. Class A | 13,880 | 46,702 | ||||||
Sanan Optoelectronics Co., Ltd. Class A* | 15,800 | 25,949 | ||||||
| Investments | Shares | Value | ||||||
Semiconductor Manufacturing International Corp.*(b) | 20,238 | $ | 22,537 | |||||
Tianjin Zhonghuan Semiconductor Co., Ltd. Class A* | 10,600 | 15,063 | ||||||
Xinyi Solar Holdings Ltd. | 18,000 | 8,870 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 160,101 | ||||||
| Software – 1.2% |
| |||||||
360 Security Technology, Inc. Class A | 2,500 | 7,782 | ||||||
Aisino Corp. Class A | 7,500 | 25,170 | ||||||
Beijing Shiji Information Technology Co., Ltd. Class A | 1,900 | 10,011 | ||||||
China National Software & Service Co., Ltd. Class A | 1,700 | 13,284 | ||||||
Glodon Co., Ltd. Class A | 3,700 | 17,718 | ||||||
Hundsun Technologies, Inc. Class A | 3,900 | 38,697 | ||||||
Iflytek Co., Ltd. Class A* | 9,700 | 46,944 | ||||||
Kingdee International Software Group Co., Ltd. | 10,778 | 11,658 | ||||||
Kingsoft Corp., Ltd.*(b) | 6,000 | 12,979 | ||||||
Shanghai 2345 Network Holding Group Co., Ltd. Class A | 20,000 | 11,328 | ||||||
Venustech Group, Inc. Class A | 3,100 | 12,141 | ||||||
Yonyou Network Technology Co., Ltd. Class A | 8,840 | 34,597 | ||||||
|
| |||||||
| Total Software |
| 242,309 | ||||||
| Specialty Retail – 0.2% |
| |||||||
Suning.com Co., Ltd. Class A | 22,400 | 37,440 | ||||||
| Technology Hardware, Storage & Peripherals – 1.2% |
| |||||||
China Greatwall Technology Group Co., Ltd. Class A | 11,400 | 17,063 | ||||||
Dawning Information Industry Co., Ltd. Class A | 4,260 | 21,770 | ||||||
Focus Media Information Technology Co., Ltd. Class A | 47,120 | 36,292 | ||||||
Inspur Electronic Information Industry Co., Ltd. Class A | 4,800 | 16,675 | ||||||
Lenovo Group Ltd. | 35,658 | 27,613 | ||||||
Tsinghua Tongfang Co., Ltd. Class A | 15,000 | 19,765 | ||||||
Xiaomi Corp. Class B*(a) | 88,000 | 112,640 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 251,818 | ||||||
| Textiles, Apparel & Luxury Goods – 0.6% |
| |||||||
ANTA Sports Products Ltd. | 7,644 | 52,493 | ||||||
Shenzhou International Group Holdings Ltd. | 5,716 | 78,579 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 131,072 | ||||||
| Trading Companies & Distributors – 0.2% |
| |||||||
China Meheco Co., Ltd. Class A | 4,300 | 8,446 | ||||||
Orient Group, Inc. Class A | 15,800 | 8,557 | ||||||
Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. Class A | 1,600 | 4,887 | ||||||
Sinochem International Corp. Class A | 6,300 | 6,852 | ||||||
Xiamen C & D, Inc. Class A | 11,000 | 14,222 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 42,964 | ||||||
| Transportation Infrastructure – 1.0% |
| |||||||
China Merchants Port Holdings Co., Ltd. | 13,880 | 23,594 | ||||||
COSCO Shipping Ports Ltd. | 5,658 | 5,584 | ||||||
Dalian Port PDA Co., Ltd. Class A | 16,500 | 5,117 | ||||||
Guangzhou Baiyun International Airport Co., Ltd. Class A | 8,200 | 21,729 | ||||||
Jiangsu Expressway Co., Ltd. Class H | 2,827 | 4,024 | ||||||
Ningbo Zhoushan Port Co., Ltd. Class A | 24,000 | 15,340 | ||||||
Shanghai International Airport Co., Ltd. Class A | 4,500 | 54,891 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 83 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree ICBCCS S&P China 500 Fund(WCHN)
June 30, 2019
| Investments | Shares | Value | ||||||
Shanghai International Port Group Co., Ltd. Class A | 37,800 | $ | 37,534 | |||||
Shenzhen Airport Co., Ltd. Class A* | 6,000 | 7,766 | ||||||
Shenzhen International Holdings Ltd. | 7,500 | 14,880 | ||||||
TangShan Port Group Co., Ltd. Class A | 17,230 | 6,899 | ||||||
Tianjin Port Co., Ltd. Class A | 5,400 | 5,047 | ||||||
|
| |||||||
| Total Transportation Infrastructure |
| 202,405 | ||||||
| Water Utilities – 0.3% |
| |||||||
Beijing Enterprises Water Group Ltd.* | 35,253 | 20,937 | ||||||
Guangdong Investment Ltd. | 21,173 | 41,899 | ||||||
|
| |||||||
| Total Water Utilities |
| 62,836 | ||||||
| Wireless Telecommunication Services – 1.7% |
| |||||||
China Mobile Ltd. | 38,151 | 347,449 | ||||||
TOTAL COMMON STOCKS (Cost: $22,488,801) |
| 20,637,228 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% |
| |||||||
| United States – 0.3% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $54,989)(d) | 54,989 | 54,989 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.3% (Cost: $22,543,790) | 20,692,217 | |||||||
Other Assets less Liabilities – 0.7% |
| 155,575 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 20,847,792 | |||||
| * | Non-income producing security. |
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | Security, or portion thereof, was on loan at June 30, 2019 (See Note 2). |
| (c) | Rate shown represents annualized7-day yield as of June 30, 2019. |
| (d) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $178,623 and the total market value of the collateral held by the Fund was $187,252. The total market value of the collateral includesnon-cash U.S. Government securities collateral having a value of $132,263. |
ADR – American Depositary Receipt
See Notes to Financial Statements.
| 84 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Japan Multifactor Fund(JAMF)
June 30, 2019
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 100.1% |
| |||||||
| Japan – 100.1% |
| |||||||
| Air Freight & Logistics – 1.2% |
| |||||||
Kintetsu World Express, Inc. | 448 | $ | 5,842 | |||||
SG Holdings Co., Ltd. | 300 | 8,507 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 14,349 | ||||||
| Airlines – 1.3% |
| |||||||
ANA Holdings, Inc. | 200 | 6,623 | ||||||
Japan Airlines Co., Ltd. | 300 | 9,587 | ||||||
|
| |||||||
| Total Airlines |
| 16,210 | ||||||
| Auto Components – 1.1% |
| |||||||
Press Kogyo Co., Ltd. | 1,100 | 4,983 | ||||||
Showa Corp. | 300 | 4,043 | ||||||
Tokai Rika Co., Ltd. | 300 | 4,948 | ||||||
|
| |||||||
| Total Auto Components |
| 13,974 | ||||||
| Banks – 8.1% |
| |||||||
Fukuoka Financial Group, Inc. | 500 | 9,128 | ||||||
Mebuki Financial Group, Inc. | 4,970 | 12,962 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 3,000 | 14,257 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 1,100 | 7,913 | ||||||
Resona Holdings, Inc. | 3,200 | 13,324 | ||||||
Shinsei Bank Ltd. | 800 | 12,422 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 400 | 14,130 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 400 | 14,502 | ||||||
|
| |||||||
| Total Banks |
| 98,638 | ||||||
| Beverages – 1.1% |
| |||||||
Asahi Group Holdings Ltd. | 100 | 4,497 | ||||||
Suntory Beverage & Food Ltd. | 200 | 8,697 | ||||||
|
| |||||||
| Total Beverages |
| 13,194 | ||||||
| Building Products – 0.4% |
| |||||||
Nippon Sheet Glass Co., Ltd. | 700 | 4,762 | ||||||
| Capital Markets – 1.1% |
| |||||||
Matsui Securities Co., Ltd. | 1,400 | 13,202 | ||||||
| Chemicals – 3.0% |
| |||||||
Kureha Corp. | 100 | 6,822 | ||||||
Mitsui Chemicals, Inc. | 300 | 7,426 | ||||||
Osaka Soda Co., Ltd. | 300 | 7,493 | ||||||
Showa Denko K.K. | 200 | 5,884 | ||||||
Tokai Carbon Co., Ltd. | 400 | 4,173 | ||||||
Tokuyama Corp. | 200 | 5,406 | ||||||
|
| |||||||
| Total Chemicals |
| 37,204 | ||||||
| Commercial Services & Supplies – 1.2% |
| |||||||
Aeon Delight Co., Ltd. | 200 | 5,912 | ||||||
Pilot Corp. | 100 | 3,866 | ||||||
Sato Holdings Corp. | 200 | 5,077 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 14,855 | ||||||
| Construction & Engineering – 3.5% |
| |||||||
Kandenko Co., Ltd. | 800 | 6,683 | ||||||
Kyowa Exeo Corp. | 300 | 7,468 | ||||||
Mirait Holdings Corp. | 500 | 7,402 | ||||||
Obayashi Corp. | 700 | 6,894 | ||||||
| Investments | Shares | Value | ||||||
Sanki Engineering Co., Ltd. | 700 | $ | 8,108 | |||||
Tokyu Construction Co., Ltd. | 900 | 6,081 | ||||||
|
| |||||||
| Total Construction & Engineering |
| 42,636 | ||||||
| Construction Materials – 0.7% |
| |||||||
Taiheiyo Cement Corp. | 300 | 9,077 | ||||||
| Consumer Finance – 1.0% |
| |||||||
Orient Corp. | 11,100 | 11,848 | ||||||
| Distributors – 0.3% |
| |||||||
Arata Corp. | 100 | 3,402 | ||||||
| Diversified Consumer Services – 0.3% |
| |||||||
Riso Kyoiku Co., Ltd. | 900 | 3,767 | ||||||
| Diversified Telecommunication Services – 0.8% |
| |||||||
Nippon Telegraph & Telephone Corp. | 200 | 9,313 | ||||||
| Electric Utilities – 1.7% |
| |||||||
Chubu Electric Power Co., Inc. | 300 | 4,209 | ||||||
Hokkaido Electric Power Co., Inc. | 800 | 4,478 | ||||||
Kansai Electric Power Co., Inc. (The) | 300 | 3,437 | ||||||
Shikoku Electric Power Co., Inc. | 500 | 4,622 | ||||||
Tokyo Electric Power Co. Holdings, Inc.* | 800 | 4,173 | ||||||
|
| |||||||
| Total Electric Utilities |
| 20,919 | ||||||
| Electrical Equipment – 0.3% |
| |||||||
Nippon Carbon Co., Ltd. | 100 | 3,833 | ||||||
| Electronic Equipment, Instruments & Components – 2.8% |
| |||||||
Canon Marketing Japan, Inc. | 300 | 6,541 | ||||||
Daiwabo Holdings Co., Ltd. | 100 | 4,761 | ||||||
Hitachi Ltd. | 100 | 3,665 | ||||||
Japan Aviation Electronics Industry Ltd. | 300 | 4,402 | ||||||
Oki Electric Industry Co., Ltd. | 500 | 6,242 | ||||||
Taiyo Yuden Co., Ltd. | 200 | 3,722 | ||||||
V Technology Co., Ltd. | 100 | 4,567 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 33,900 | ||||||
| Entertainment – 4.8% |
| |||||||
Akatsuki, Inc. | 100 | 5,374 | ||||||
Avex, Inc. | 800 | 10,158 | ||||||
Capcom Co., Ltd. | 300 | 6,020 | ||||||
Daiichikosho Co., Ltd. | 200 | 9,300 | ||||||
GungHo Online Entertainment, Inc.(a) | 140 | 3,872 | ||||||
Nexon Co., Ltd.* | 400 | 5,799 | ||||||
Toei Animation Co., Ltd. | 100 | 4,641 | ||||||
Toei Co., Ltd. | 100 | 13,904 | ||||||
|
| |||||||
| Total Entertainment |
| 59,068 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 0.8% |
| |||||||
Mirai Corp. | 20 | 9,690 | ||||||
| Food & Staples Retailing – 2.3% |
| |||||||
Arcs Co., Ltd. | 300 | 5,981 | ||||||
Cocokara fine, Inc. | 100 | 5,198 | ||||||
Kobe Bussan Co., Ltd. | 100 | 4,854 | ||||||
Seven & I Holdings Co., Ltd. | 200 | 6,772 | ||||||
Sugi Holdings Co., Ltd. | 100 | 4,724 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 27,529 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 85 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Japan Multifactor Fund(JAMF)
June 30, 2019
| Investments | Shares | Value | ||||||
| Food Products – 4.5% |
| |||||||
Kewpie Corp. | 362 | $ | 8,000 | |||||
Maruha Nichiro Corp. | 200 | 5,875 | ||||||
Megmilk Snow Brand Co., Ltd. | 300 | 6,577 | ||||||
MEIJI Holdings Co., Ltd. | 100 | 7,147 | ||||||
Morinaga & Co., Ltd. | 100 | 4,873 | ||||||
Nichirei Corp. | 200 | 4,747 | ||||||
Nippon Suisan Kaisha Ltd. | 1,100 | 6,820 | ||||||
Nisshin Oillio Group Ltd. (The) | 200 | 5,597 | ||||||
Prima Meat Packers Ltd. | 300 | 5,719 | ||||||
|
| |||||||
| Total Food Products |
| 55,355 | ||||||
| Health Care Equipment & Supplies – 2.1% |
| |||||||
Hogy Medical Co., Ltd.(a) | 200 | 5,903 | ||||||
Hoya Corp. | 100 | 7,661 | ||||||
Nikkiso Co., Ltd. | 300 | 3,993 | ||||||
Nipro Corp. | 700 | 7,764 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 25,321 | ||||||
| Health Care Providers & Services – 2.6% |
| |||||||
Alfresa Holdings Corp. | 300 | 7,401 | ||||||
BML, Inc. | 200 | 5,681 | ||||||
Medipal Holdings Corp. | 300 | 6,624 | ||||||
NichiiGakkan Co., Ltd. | 400 | 5,829 | ||||||
Suzuken Co., Ltd. | 100 | 5,866 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 31,401 | ||||||
| Hotels, Restaurants & Leisure – 6.0% |
| |||||||
Doutor Nichires Holdings Co., Ltd. | 400 | 7,574 | ||||||
HIS Co., Ltd. | 144 | 3,583 | ||||||
KOMEDA Holdings Co., Ltd. | 400 | 7,540 | ||||||
Koshidaka Holdings Co., Ltd. | 300 | 4,213 | ||||||
Kura Sushi, Inc. | 100 | 4,265 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 200 | 8,817 | ||||||
Ohsho Food Service Corp. | 100 | 5,857 | ||||||
Resorttrust, Inc. | 300 | 4,592 | ||||||
Round One Corp. | 269 | 3,413 | ||||||
Saizeriya Co., Ltd. | 200 | 4,342 | ||||||
Skylark Holdings Co., Ltd. | 400 | 6,983 | ||||||
Sushiro Global Holdings Ltd. | 100 | 5,968 | ||||||
Tokyo Dome Corp. | 700 | 6,621 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 73,768 | ||||||
| Household Durables – 2.8% |
| |||||||
JVC Kenwood Corp. | 2,000 | 4,641 | ||||||
Pressance Corp. | 300 | 4,118 | ||||||
Sekisui House Ltd. | 400 | 6,592 | ||||||
Sony Corp. | 100 | 5,242 | ||||||
Starts Corp., Inc. | 300 | 7,073 | ||||||
Tamron Co., Ltd. | 300 | 6,140 | ||||||
|
| |||||||
| Total Household Durables |
| 33,806 | ||||||
| Household Products – 0.5% |
| |||||||
Lion Corp. | 300 | 5,589 | ||||||
| Interactive Media & Services – 0.4% |
| |||||||
Dip Corp. | 300 | 5,018 | ||||||
| Investments | Shares | Value | ||||||
| Internet & Direct Marketing Retail – 0.3% |
| |||||||
Belluna Co., Ltd. | 600 | $ | 4,093 | |||||
| IT Services – 4.5% |
| |||||||
DTS Corp. | 200 | 4,169 | ||||||
Future Corp. | 400 | 7,882 | ||||||
Information Services International-Dentsu Ltd. | 100 | 3,188 | ||||||
NEC Networks & System Integration Corp. | 200 | 5,103 | ||||||
Nihon Unisys Ltd. | 100 | 3,355 | ||||||
Nomura Research Institute Ltd. | 360 | 5,771 | ||||||
NS Solutions Corp. | 100 | 3,174 | ||||||
NSD Co., Ltd. | 300 | 8,674 | ||||||
Otsuka Corp. | 100 | 4,024 | ||||||
SCSK Corp. | 100 | 4,919 | ||||||
TIS, Inc. | 100 | 5,096 | ||||||
|
| |||||||
| Total IT Services |
| 55,355 | ||||||
| Leisure Products – 0.8% |
| |||||||
Bandai Namco Holdings, Inc. | 100 | 4,854 | ||||||
Tomy Co., Ltd. | 400 | 4,652 | ||||||
|
| |||||||
| Total Leisure Products |
| 9,506 | ||||||
| Machinery – 2.1% |
| |||||||
Makino Milling Machine Co., Ltd. | 100 | 4,033 | ||||||
Noritake Co., Ltd. | 100 | 4,190 | ||||||
OKUMA Corp. | 100 | 5,133 | ||||||
Sodick Co., Ltd. | 600 | 5,179 | ||||||
Sumitomo Heavy Industries Ltd. | 200 | 6,878 | ||||||
|
| |||||||
| Total Machinery |
| 25,413 | ||||||
| Media – 1.0% |
| |||||||
Hakuhodo DY Holdings, Inc. | 400 | 6,735 | ||||||
SKY Perfect JSAT Holdings, Inc. | 1,400 | 5,457 | ||||||
|
| |||||||
| Total Media |
| 12,192 | ||||||
| Metals & Mining – 1.9% |
| |||||||
Nippon Light Metal Holdings Co., Ltd. | 3,400 | 7,353 | ||||||
Nippon Steel Corp. | 500 | 8,581 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 1,000 | 7,555 | ||||||
|
| |||||||
| Total Metals & Mining |
| 23,489 | ||||||
| Oil, Gas & Consumable Fuels – 1.0% |
| |||||||
Cosmo Energy Holdings Co., Ltd. | 100 | 2,253 | ||||||
Iwatani Corp. | 200 | 6,942 | ||||||
JXTG Holdings, Inc. | 650 | 3,224 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 12,419 | ||||||
| Paper & Forest Products – 0.6% |
| |||||||
Oji Holdings Corp. | 1,300 | 7,505 | ||||||
| Personal Products – 0.5% |
| |||||||
Noevir Holdings Co., Ltd. | 100 | 5,467 | ||||||
| Pharmaceuticals – 4.6% |
| |||||||
Astellas Pharma, Inc. | 500 | 7,124 | ||||||
Kaken Pharmaceutical Co., Ltd. | 200 | 9,356 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 600 | 6,560 | ||||||
Sawai Pharmaceutical Co., Ltd. | 200 | 10,804 | ||||||
Shionogi & Co., Ltd. | 200 | 11,526 | ||||||
See Notes to Financial Statements.
| 86 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Japan Multifactor Fund(JAMF)
June 30, 2019
| Investments | Shares | Value | ||||||
Sumitomo Dainippon Pharma Co., Ltd. | 200 | $ | 3,792 | |||||
Towa Pharmaceutical Co., Ltd. | 300 | 7,618 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 56,780 | ||||||
| Professional Services – 0.9% |
| |||||||
Tanseisha Co., Ltd. | 500 | 5,806 | ||||||
UT Holdings Co., Ltd.(a) | 200 | 4,854 | ||||||
|
| |||||||
| Total Professional Services |
| 10,660 | ||||||
| Real Estate Management & Development – 2.3% |
| |||||||
Aeon Mall Co., Ltd. | 300 | 4,516 | ||||||
Daiwa House Industry Co., Ltd. | 100 | 2,915 | ||||||
Kenedix, Inc. | 700 | 3,489 | ||||||
Mitsubishi Estate Co., Ltd. | 200 | 3,722 | ||||||
Nomura Real Estate Holdings, Inc. | 200 | 4,299 | ||||||
Sumitomo Realty & Development Co., Ltd. | 100 | 3,572 | ||||||
Unizo Holdings Co., Ltd. | 300 | 5,135 | ||||||
|
| |||||||
| Total Real Estate Management & Development |
| 27,648 | ||||||
| Road & Rail – 7.4% |
| |||||||
Fukuyama Transporting Co., Ltd. | 200 | 7,240 | ||||||
Hamakyorex Co., Ltd. | 200 | 7,054 | ||||||
Hitachi Transport System Ltd. | 300 | 9,746 | ||||||
Kyushu Railway Co. | 300 | 8,743 | ||||||
Nikkon Holdings Co., Ltd. | 300 | 6,883 | ||||||
Nippon Express Co., Ltd. | 100 | 5,318 | ||||||
Sakai Moving Service Co., Ltd. | 100 | 5,894 | ||||||
Sankyu, Inc. | 200 | 10,507 | ||||||
Seibu Holdings, Inc. | 400 | 6,668 | ||||||
Seino Holdings Co., Ltd. | 500 | 6,659 | ||||||
Senko Group Holdings Co., Ltd. | 1,000 | 7,899 | ||||||
West Japan Railway Co. | 90 | 7,281 | ||||||
|
| |||||||
| Total Road & Rail |
| 89,892 | ||||||
| Semiconductors & Semiconductor Equipment – 0.5% |
| |||||||
Advantest Corp. | 100 | 2,752 | ||||||
SUMCO Corp. | 300 | 3,570 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 6,322 | ||||||
| Software – 2.0% |
| |||||||
Broadleaf Co., Ltd. | 800 | 3,950 | ||||||
Computer Engineering & Consulting Ltd. | 200 | 4,401 | ||||||
Digital Arts, Inc. | 100 | 8,818 | ||||||
Fuji Soft, Inc. | 100 | 4,381 | ||||||
Justsystems Corp. | 100 | 3,244 | ||||||
|
| |||||||
| Total Software |
| 24,794 | ||||||
| Specialty Retail – 5.3% |
| |||||||
Adastria Co., Ltd. | 300 | 6,427 | ||||||
Bic Camera, Inc. | 600 | 5,892 | ||||||
DCM Holdings Co., Ltd. | 800 | 7,856 | ||||||
EDION Corp. | 800 | 7,433 | ||||||
Geo Holdings Corp. | 400 | 5,123 | ||||||
K’s Holdings Corp. | 500 | 4,720 | ||||||
Kohnan Shoji Co., Ltd. | 300 | 6,237 | ||||||
Komeri Co., Ltd. | 200 | 4,088 | ||||||
Nojima Corp. | 300 | 4,892 | ||||||
| Investments | Shares | Value | ||||||
PAL GROUP Holdings Co., Ltd. | 200 | $ | 6,042 | |||||
United Arrows Ltd. | 200 | 6,246 | ||||||
|
| |||||||
| Total Specialty Retail |
| 64,956 | ||||||
| Technology Hardware, Storage & Peripherals – 2.2% |
| |||||||
Brother Industries Ltd. | 300 | 5,666 | ||||||
Konica Minolta, Inc. | 600 | 5,842 | ||||||
MCJ Co., Ltd. | 500 | 3,662 | ||||||
Seiko Epson Corp. | 400 | 6,330 | ||||||
Toshiba TEC Corp. | 200 | 5,567 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 27,067 | ||||||
| Textiles, Apparel & Luxury Goods – 0.3% |
| |||||||
Seiko Holdings Corp. | 200 | 4,069 | ||||||
| Tobacco – 0.5% |
| |||||||
Japan Tobacco, Inc. | 300 | 6,626 | ||||||
| Trading Companies & Distributors – 3.9% |
| |||||||
ITOCHU Corp. | 500 | 9,562 | ||||||
Kanamoto Co., Ltd. | 200 | 5,172 | ||||||
Kanematsu Corp. | 500 | 5,541 | ||||||
Marubeni Corp. | 1,000 | 6,618 | ||||||
Nishio Rent All Co., Ltd. | 200 | 5,652 | ||||||
Sojitz Corp. | 2,500 | 8,029 | ||||||
Yamazen Corp. | 700 | 6,731 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 47,305 | ||||||
| Wireless Telecommunication Services – 0.8% |
| |||||||
KDDI Corp. | 400 | 10,186 | ||||||
TOTAL COMMON STOCKS (Cost: $1,238,166) |
| 1,223,372 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% |
| |||||||
| United States – 0.5% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $5,686)(c) | 5,686 | 5,686 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.6% (Cost: $1,243,852) |
| 1,229,058 | ||||||
Other Assets less Liabilities – (0.6)% |
| (6,881 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 1,222,177 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at June 30, 2019 (See Note 2). |
| (b) | Rate shown represents annualized7-day yield as of June 30, 2019. |
| (c) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $8,351 and the total market value of the collateral held by the Fund was $8,840. The total market value of the collateral includesnon-cash U.S. Government securities collateral having a value of $3,154. |
See Notes to Financial Statements.
| WisdomTree Trust | 87 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Japan Multifactor Fund(JAMF)
June 30, 2019
| 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. | 7/3/2019 | 142,637 | USD | 15,450,183 | JPY | $ | — | $ | (777 | ) | ||||||||||||||||||
Canadian Imperial Bank of Commerce | 7/3/2019 | 142,637 | USD | 15,451,324 | JPY | — | (788 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2019 | 142,637 | USD | 15,450,140 | JPY | — | (777 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2019 | 71,449,947 | JPY | 663,276 | USD | — | (51 | ) | ||||||||||||||||||||
Goldman Sachs | 7/31/2019 | 549,496 | USD | 59,065,874 | JPY | 37 | — | |||||||||||||||||||||
Societe Generale | 7/3/2019 | 142,637 | USD | 15,450,582 | JPY | — | (781 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 1,711,457 | JPY | 15,950 | USD | — | (64 | ) | ||||||||||||||||||||
UBS AG | 7/3/2019 | 108,678 | USD | 11,771,653 | JPY | — | (591 | ) | ||||||||||||||||||||
| $ | 37 | $ | (3,829 | ) | ||||||||||||||||||||||||
| CURRENCY LEGEND | ||
| JPY | Japanese yen | |
| USD | U.S. dollar | |
See Notes to Financial Statements.
| 88 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. Corporate Bond Fund(WFIG)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
| U.S. CORPORATE BONDS – 97.5% |
| |||||||
| United States – 97.5% |
| |||||||
ABB Finance USA, Inc. | $ | 63,000 | $ | 64,091 | ||||
Abbott Laboratories | 22,000 | 27,224 | ||||||
AbbVie, Inc. | 9,000 | 9,306 | ||||||
4.45%, 5/14/46 | 37,000 | 36,399 | ||||||
Alexandria Real Estate Equities, Inc. | 13,000 | 13,683 | ||||||
Altria Group, Inc. | 14,000 | 13,441 | ||||||
3.88%, 9/16/46 | 13,000 | 11,573 | ||||||
Amazon.com, Inc. | 9,000 | 10,234 | ||||||
American Express Co. | 10,000 | 10,067 | ||||||
3.63%, 12/5/24 | 17,000 | 17,862 | ||||||
American International Group, Inc. | 35,000 | 35,484 | ||||||
4.80%, 7/10/45 | 27,000 | 29,612 | ||||||
Amgen, Inc. | 61,000 | 70,244 | ||||||
Analog Devices, Inc. | 15,000 | 15,049 | ||||||
Anthem, Inc. | 19,000 | 19,769 | ||||||
4.65%, 1/15/43 | 15,000 | 16,393 | ||||||
Apple, Inc. | 50,000 | 53,094 | ||||||
AT&T, Inc. | 9,000 | 9,148 | ||||||
3.60%, 7/15/25 | 99,000 | 102,820 | ||||||
4.50%, 3/9/48 | 143,000 | 146,440 | ||||||
Bank of America Corp. | 62,000 | 66,355 | ||||||
4.45%, 3/3/26 | 47,000 | 50,737 | ||||||
5.00%, 1/21/44 | 40,000 | 48,823 | ||||||
Baxter International, Inc. | 25,000 | 24,707 | ||||||
BB&T Corp. | 45,000 | 45,411 | ||||||
Berkshire Hathaway Energy Co. | 48,000 | 64,308 | ||||||
Block Financial LLC | 46,000 | 49,101 | ||||||
Brighthouse Financial, Inc. | 15,000 | 14,265 | ||||||
Broadcom Corp. | 17,000 | 17,173 | ||||||
3.13%, 1/15/25 | 20,000 | 19,561 | ||||||
3.88%, 1/15/27 | 21,000 | 20,597 | ||||||
Burlington Northern Santa Fe LLC | 9,000 | 10,073 | ||||||
Campbell Soup Co. | 13,000 | 13,627 | ||||||
| Investments | Principal Amount | Value | ||||||
Capital One Financial Corp. | $ | 45,000 | $ | 46,550 | ||||
Cardinal Health, Inc. | 21,000 | 20,971 | ||||||
4.37%, 6/15/47 | 7,000 | 6,421 | ||||||
CBS Corp. | 11,000 | 11,389 | ||||||
Celgene Corp. | 74,000 | 74,408 | ||||||
4.35%, 11/15/47 | 11,000 | 12,161 | ||||||
Cigna Holding Co. | 7,000 | 6,527 | ||||||
Citigroup, Inc. | 134,000 | 151,898 | ||||||
Comcast Corp. | 34,000 | 34,524 | ||||||
3.38%, 2/15/25 | 9,000 | 9,428 | ||||||
3.15%, 2/15/28 | 26,000 | 26,709 | ||||||
4.25%, 1/15/33 | 12,000 | 13,473 | ||||||
4.65%, 7/15/42 | 46,000 | 53,010 | ||||||
Commonwealth Edison Co. | 7,000 | 7,124 | ||||||
Conagra Brands, Inc. | 11,000 | 12,091 | ||||||
Consolidated Edison Co. of New York, Inc. | 15,000 | 16,753 | ||||||
Constellation Brands, Inc. | 58,000 | 59,295 | ||||||
Continental Resources, Inc. | 24,000 | 25,237 | ||||||
CSX Corp. | 15,000 | 15,489 | ||||||
CVS Health Corp. | 14,000 | 14,488 | ||||||
4.88%, 7/20/35 | 60,000 | 62,909 | ||||||
5.05%, 3/25/48 | 36,000 | 38,403 | ||||||
Dow Chemical Co. (The) | 147,000 | 152,188 | ||||||
Duke Energy Carolinas LLC | 35,000 | 38,131 | ||||||
Duke Energy Corp. | 32,000 | 32,002 | ||||||
DuPont de Nemours, Inc. | 18,000 | 21,902 | ||||||
eBay, Inc. | 30,000 | 30,261 | ||||||
Edison International | 20,000 | 19,915 | ||||||
Enterprise Products Operating LLC | 23,000 | 25,561 | ||||||
EPR Properties | 33,000 | 35,413 | ||||||
Exelon Corp. | 44,000 | 45,094 | ||||||
Express Scripts Holding Co. | 12,000 | 12,773 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 89 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Fundamental U.S. Corporate Bond Fund(WFIG)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
FedEx Corp. | $ | 30,000 | $ | 32,112 | ||||
4.55%, 4/1/46 | 12,000 | 12,293 | ||||||
General Mills, Inc. | 18,000 | 19,449 | ||||||
Gilead Sciences, Inc. | 18,000 | 18,837 | ||||||
4.15%, 3/1/47 | 20,000 | 20,945 | ||||||
Hartford Financial Services Group, Inc. (The) | 32,000 | 41,259 | ||||||
Hewlett Packard Enterprise Co. | 31,000 | 32,711 | ||||||
Home Depot, Inc. (The) | 18,000 | 17,631 | ||||||
HP, Inc. | 12,000 | 12,419 | ||||||
HSBC USA, Inc. | 100,000 | 102,983 | ||||||
International Business Machines Corp. | 31,000 | 32,023 | ||||||
International Paper Co. | 12,000 | 11,722 | ||||||
JPMorgan Chase & Co. | 51,000 | 64,875 | ||||||
Kimco Realty Corp. | 21,000 | 21,372 | ||||||
Kraft Heinz Foods Co. | 32,000 | 33,333 | ||||||
6.88%, 1/26/39 | 23,000 | 27,666 | ||||||
Kroger Co. (The) | 12,000 | 11,969 | ||||||
3.70%, 8/1/27 | 30,000 | 30,946 | ||||||
Laboratory Corp. of America Holdings | 14,000 | 14,235 | ||||||
Lockheed Martin Corp. | 10,000 | 12,252 | ||||||
Lowe’s Cos., Inc. | 11,000 | 10,933 | ||||||
Macy’s Retail Holdings, Inc. | 13,000 | 12,739 | ||||||
Magellan Midstream Partners L.P. | 9,000 | 10,223 | ||||||
Marathon Petroleum Corp. | 14,000 | 15,112 | ||||||
3.63%, 9/15/24 | 33,000 | 34,182 | ||||||
McDonald’s Corp. | 24,000 | 25,226 | ||||||
McKesson Corp. | 113,000 | 118,697 | ||||||
Medtronic, Inc. | 28,000 | 29,719 | ||||||
MetLife, Inc. | 17,000 | 19,465 | ||||||
Microsoft Corp. | 45,000 | 51,418 | ||||||
| Investments | Principal Amount | Value | ||||||
Molson Coors Brewing Co. | $ | 18,000 | $ | 17,800 | ||||
Morgan Stanley | 148,000 | 158,443 | ||||||
MPLX L.P. | 22,000 | 23,351 | ||||||
4.13%, 3/1/27 | 37,000 | 38,763 | ||||||
Newmont Goldcorp Corp. | 7,000 | 9,015 | ||||||
NextEra Energy Capital Holdings, Inc. | 16,000 | 16,718 | ||||||
Norfolk Southern Corp. | 9,000 | 9,685 | ||||||
Northrop Grumman Corp. | 84,000 | 86,937 | ||||||
NVIDIA Corp. | 24,000 | 23,947 | ||||||
NVR, Inc. | 18,000 | 18,696 | ||||||
O’Reilly Automotive, Inc. | 6,000 | 6,175 | ||||||
Omega Healthcare Investors, Inc. | 22,000 | 22,869 | ||||||
Omnicom Group, Inc. | 23,000 | 23,520 | ||||||
Oracle Corp. | 31,000 | 35,327 | ||||||
3.85%, 7/15/36 | 40,000 | 42,501 | ||||||
Owens Corning | 7,000 | 5,918 | ||||||
Pfizer, Inc. | 24,000 | 25,591 | ||||||
Philip Morris International, Inc. | 20,000 | 20,488 | ||||||
Phillips 66 | 26,000 | 27,393 | ||||||
Phillips 66 Partners L.P. | 11,000 | 11,209 | ||||||
Realty Income Corp. | 22,000 | 23,784 | ||||||
Reynolds American, Inc. | 10,000 | 10,386 | ||||||
5.85%, 8/15/45 | 30,000 | 32,359 | ||||||
Rockwell Collins, Inc. | 8,000 | 8,332 | ||||||
Santander Holdings USA, Inc. | 81,000 | 80,989 | ||||||
Sherwin-Williams Co. (The) | 7,000 | 7,478 | ||||||
Shire Acquisitions Investments Ireland DAC | 40,000 | 40,369 | ||||||
Southern California Edison Co. | 16,000 | 15,961 | ||||||
Starbucks Corp. | 12,000 | 13,090 | ||||||
See Notes to Financial Statements.
| 90 | WisdomTree Trust |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Fundamental U.S. Corporate Bond Fund(WFIG)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
Synchrony Financial | $ | 110,000 | $ | 110,023 | ||||
Thermo Fisher Scientific, Inc. | 86,000 | 88,247 | ||||||
Tyson Foods, Inc. | 89,000 | 94,430 | ||||||
Union Pacific Corp. | 35,000 | 38,329 | ||||||
United Parcel Service, Inc. | 7,000 | 9,508 | ||||||
United Technologies Corp. | 35,000 | 39,668 | ||||||
UnitedHealth Group, Inc. | 25,000 | 26,128 | ||||||
4.25%, 6/15/48 | 6,000 | 6,675 | ||||||
Valero Energy Corp. | 14,000 | 14,288 | ||||||
Verizon Communications, Inc. | 66,000 | 71,521 | ||||||
4.40%, 11/1/34 | 109,000 | 121,021 | ||||||
Viacom, Inc. | 57,000 | 58,766 | ||||||
Virginia Electric & Power Co. | 50,000 | 53,644 | ||||||
Walgreens Boots Alliance, Inc. | 9,000 | 9,056 | ||||||
Walmart, Inc. | 8,000 | 9,179 | ||||||
Walt Disney Co. (The) | 44,000 | 57,477 | ||||||
Wells Fargo & Co. | 44,000 | 45,251 | ||||||
4.30%, 7/22/27 | 45,000 | 48,657 | ||||||
4.75%, 12/7/46 | 14,000 | 15,981 | ||||||
Xylem, Inc. | 20,000 | 21,253 | ||||||
TOTAL U.S. CORPORATE BONDS (Cost: $4,811,802) |
| 4,984,111 | ||||||
| FOREIGN CORPORATE BONDS – 0.5% |
| |||||||
| Switzerland – 0.2% |
| |||||||
Novartis Capital Corp. | 12,000 | 12,106 | ||||||
| United Kingdom – 0.3% |
| |||||||
GlaxoSmithKline Capital, Inc. | 12,000 | 13,146 | ||||||
TOTAL FOREIGN CORPORATE BONDS (Cost: $23,809) |
| 25,252 | ||||||
| U.S. GOVERNMENT OBLIGATIONS – 0.2% |
| |||||||
| U.S. Treasury Note – 0.2% |
| |||||||
U.S. Treasury Note | ||||||||
| (Cost: $9,864) | 10,000 | 10,249 | ||||||
| Investments | Value | |||||||
TOTAL INVESTMENTS IN SECURITIES – 98.2% (Cost: $4,845,475) | $ | 5,019,612 | ||||||
Other Assets less Liabilities – 1.8% | 89,598 | |||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 5,109,210 | ||||||
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
See Notes to Financial Statements.
| WisdomTree Trust | 91 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund(WFHY)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
| U.S. CORPORATE BONDS – 97.6% |
| |||||||
| United States – 97.6% |
| |||||||
Acadia Healthcare Co., Inc. | $ | 50,000 | $ | 51,063 | ||||
ADT Security Corp. (The) | 48,000 | 51,000 | ||||||
4.13%, 6/15/23 | 75,000 | 75,135 | ||||||
4.88%, 7/15/32(a) | 103,000 | 89,352 | ||||||
AECOM | 30,000 | 32,603 | ||||||
5.13%, 3/15/27 | 25,000 | 26,125 | ||||||
AES Corp. | 50,000 | 52,063 | ||||||
6.00%, 5/15/26 | 33,000 | 35,145 | ||||||
AMC Networks, Inc. | 50,000 | 51,563 | ||||||
American Axle & Manufacturing, Inc. | 50,000 | 49,938 | ||||||
AmeriGas Partners L.P. | 50,000 | 52,875 | ||||||
5.88%, 8/20/26 | 91,000 | 96,915 | ||||||
Amkor Technology, Inc. | 30,000 | 29,966 | ||||||
Aramark Services, Inc. | 50,000 | 51,000 | ||||||
Arconic, Inc. | 100,000 | 105,678 | ||||||
Asbury Automotive Group, Inc. | 100,000 | 104,000 | ||||||
Ashland LLC | 139,000 | 145,776 | ||||||
B&G Foods, Inc. | 156,000 | 158,145 | ||||||
Bausch Health Americas, Inc. | 100,000 | 112,130 | ||||||
BBA US Holdings, Inc. | 50,000 | 52,000 | ||||||
Beacon Roofing Supply, Inc. | 159,000 | 158,006 | ||||||
Berry Global, Inc. | 100,000 | 102,605 | ||||||
4.50%, 2/15/26(a) | 50,000 | 49,375 | ||||||
Boyd Gaming Corp. | 98,000 | 101,552 | ||||||
6.38%, 4/1/26 | 50,000 | 53,081 | ||||||
Cablevision Systems Corp. | 39,000 | 41,048 | ||||||
California Resources Corp. | 180,000 | 136,575 | ||||||
CCO Holdings LLC | 104,000 | 104,520 | ||||||
5.13%, 5/1/23(a) | 34,000 | 34,797 | ||||||
5.38%, 5/1/25(a) | 50,000 | 51,813 | ||||||
5.13%, 5/1/27(a) | 125,000 | 129,732 | ||||||
CDK Global, Inc. | 37,000 | 38,850 | ||||||
4.88%, 6/1/27 | 50,000 | 51,962 | ||||||
| Investments | Principal Amount | Value | ||||||
CDW LLC | $ | 30,000 | $ | 31,331 | ||||
Cengage Learning, Inc. | 50,000 | 47,875 | ||||||
Centene Corp. | 102,000 | 104,040 | ||||||
CenturyLink, Inc. | 50,000 | 52,375 | ||||||
6.75%, 12/1/23, Series W(b) | 36,000 | 38,925 | ||||||
7.50%, 4/1/24, Series Y(b) | 95,000 | 105,331 | ||||||
5.63%, 4/1/25 | 50,000 | 51,125 | ||||||
Change Healthcare Holdings LLC | 104,000 | 105,950 | ||||||
Chemours Co. (The) | 170,000 | 176,480 | ||||||
Clean Harbors, Inc. | 103,000 | 103,257 | ||||||
Clearway Energy Operating LLC | 50,000 | 51,125 | ||||||
Cleveland-Cliffs, Inc. | 108,000 | 107,730 | ||||||
Cloud Crane LLC | 50,000 | 53,875 | ||||||
CommScope Technologies LLC | 65,000 | 61,244 | ||||||
5.00%, 3/15/27(a) | 119,000 | 104,125 | ||||||
CommScope, Inc. | 50,000 | 47,950 | ||||||
Community Health Systems, Inc. | 50,000 | 47,875 | ||||||
6.25%, 3/31/23 | 183,000 | 176,824 | ||||||
Consolidated Communications, Inc. | 165,000 | 154,636 | ||||||
Coty, Inc. | 86,000 | 83,957 | ||||||
Crestwood Midstream Partners L.P. | 75,000 | 76,312 | ||||||
Crown Americas LLC | 50,000 | 51,500 | ||||||
CSC Holdings LLC | 75,000 | 78,094 | ||||||
5.38%, 2/1/28(a) | 200,000 | 208,250 | ||||||
DaVita, Inc. | 100,000 | 101,250 | ||||||
5.00%, 5/1/25 | 107,000 | 106,037 | ||||||
Dell International LLC | 50,000 | 52,787 | ||||||
Denbury Resources, Inc. | 67,000 | 66,330 | ||||||
Diamond Offshore Drilling, Inc. | 50,000 | 47,750 | ||||||
4.88%, 11/1/43 | 50,000 | 31,250 | ||||||
Diamond Resorts International, Inc. | 86,000 | 85,140 | ||||||
DISH DBS Corp. | 50,000 | 50,375 | ||||||
See Notes to Financial Statements.
| 92 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund(WFHY)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
5.00%, 3/15/23 | $ | 76,000 | $ | 73,720 | ||||
5.88%, 11/15/24 | 25,000 | 23,750 | ||||||
7.75%, 7/1/26 | 117,000 | 113,782 | ||||||
DPL, Inc. | 24,000 | 25,890 | ||||||
Eldorado Resorts, Inc. | 50,000 | 52,812 | ||||||
Encompass Health Corp. | 46,000 | 47,014 | ||||||
Energizer Holdings, Inc. | 50,000 | 50,750 | ||||||
Equinix, Inc. | 50,000 | 53,062 | ||||||
ESH Hospitality, Inc. | 50,000 | 51,313 | ||||||
Fidelity & Guaranty Life Holdings, Inc. | 50,000 | 52,125 | ||||||
First Data Corp. | 101,000 | 102,944 | ||||||
Freeport-McMoRan, Inc. | 50,000 | 50,125 | ||||||
4.55%, 11/14/24 | 106,000 | 108,623 | ||||||
5.40%, 11/14/34 | 50,000 | 48,125 | ||||||
5.45%, 3/15/43 | 50,000 | 46,000 | ||||||
Frontier Communications Corp. | 75,000 | 42,375 | ||||||
11.00%, 9/15/25 | 208,000 | 130,000 | ||||||
GLP Capital L.P. | 50,000 | 54,197 | ||||||
Golden Nugget, Inc. | 50,000 | 51,625 | ||||||
8.75%, 10/1/25(a) | 50,000 | 52,625 | ||||||
Gray Television, Inc. | 38,000 | 38,808 | ||||||
5.88%, 7/15/26(a) | 125,000 | 130,000 | ||||||
Griffon Corp. | 50,000 | 49,938 | ||||||
GTT Communications, Inc. | 13,000 | 10,693 | ||||||
Hanesbrands, Inc. | 155,000 | 161,570 | ||||||
HCA, Inc. | 147,000 | 157,487 | ||||||
5.00%, 3/15/24 | 33,000 | 35,989 | ||||||
5.25%, 6/15/26 | 50,000 | 55,437 | ||||||
5.63%, 9/1/28 | 100,000 | 108,500 | ||||||
Hilton Worldwide Finance LLC | 40,000 | 41,050 | ||||||
4.88%, 4/1/27 | 50,000 | 51,860 | ||||||
Holly Energy Partners L.P. | 50,000 | 52,250 | ||||||
Hologic, Inc. | 104,000 | 105,950 | ||||||
Hughes Satellite Systems Corp. | 50,000 | 51,563 | ||||||
6.63%, 8/1/26 | 155,000 | 163,331 | ||||||
| Investments | Principal Amount | Value | ||||||
IQVIA, Inc. | $ | 38,000 | $ | 39,045 | ||||
Iron Mountain, Inc. | 100,000 | 100,625 | ||||||
j2 Cloud Services LLC | 50,000 | 52,562 | ||||||
JBS USA LUX S.A. | 100,000 | 104,375 | ||||||
KFC Holding Co. | 50,000 | 51,375 | ||||||
Koppers, Inc. | 50,000 | 47,125 | ||||||
L Brands, Inc. | 192,000 | 171,717 | ||||||
Ladder Capital Finance Holdings LLLP | 50,000 | 51,125 | ||||||
Lamar Media Corp. | 50,000 | 51,688 | ||||||
Lamb Weston Holdings, Inc. | 5,000 | 5,206 | ||||||
Level 3 Financing, Inc. | 50,000 | 51,750 | ||||||
LKQ Corp. | 55,000 | 55,825 | ||||||
LPL Holdings, Inc. | 50,000 | 51,313 | ||||||
Mattel, Inc. | 50,000 | 51,563 | ||||||
MDC Partners, Inc. | 122,000 | 112,723 | ||||||
MEDNAX, Inc. | 152,000 | 150,480 | ||||||
Meredith Corp. | 50,000 | 53,306 | ||||||
MGM Resorts International | 100,000 | 101,000 | ||||||
MPT Operating Partnership L.P. | 40,000 | 41,850 | ||||||
5.00%, 10/15/27 | 50,000 | 51,625 | ||||||
Navient Corp. | 122,000 | 125,660 | ||||||
5.88%, 10/25/24 | 36,000 | 36,585 | ||||||
6.75%, 6/25/25 | 50,000 | 51,875 | ||||||
6.75%, 6/15/26 | 97,000 | 100,880 | ||||||
NCR Corp. | 75,000 | 76,009 | ||||||
Nexstar Broadcasting, Inc. | 100,000 | 103,846 | ||||||
NextEra Energy Operating Partners L.P. | 50,000 | 50,453 | ||||||
Nielsen Finance LLC | 100,000 | 100,250 | ||||||
Novelis Corp. | 50,000 | 52,548 | ||||||
NRG Energy, Inc. | 75,000 | 82,875 | ||||||
5.75%, 1/15/28 | 10,000 | 10,763 | ||||||
See Notes to Financial Statements.
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Table of Contents
Schedule of Investments(continued)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund(WFHY)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
Nuance Communications, Inc. | $ | 50,000 | $ | 52,265 | ||||
Olin Corp. | 100,000 | 103,125 | ||||||
Owens-Brockway Glass Container, Inc. | 50,000 | 54,115 | ||||||
Party City Holdings, Inc. | 30,000 | 29,175 | ||||||
PBF Holding Co. LLC | 75,000 | 78,188 | ||||||
7.25%, 6/15/25 | 100,000 | 105,125 | ||||||
PBF Logistics L.P. | 50,000 | 51,813 | ||||||
Peabody Energy Corp. | 35,000 | 35,963 | ||||||
6.38%, 3/31/25(a) | 50,000 | 50,750 | ||||||
Pilgrim’s Pride Corp. | 50,000 | 50,875 | ||||||
5.88%, 9/30/27(a) | 102,000 | 106,080 | ||||||
Pitney Bowes, Inc. | 46,000 | 45,310 | ||||||
4.63%, 3/15/24 | 50,000 | 45,375 | ||||||
Post Holdings, Inc. | 41,000 | 41,718 | ||||||
5.75%, 3/1/27(a) | 100,000 | 103,750 | ||||||
5.63%, 1/15/28(a) | 50,000 | 51,563 | ||||||
PulteGroup, Inc. | 50,000 | 54,187 | ||||||
5.00%, 1/15/27 | 75,000 | 78,923 | ||||||
Rayonier AM Products, Inc. | 50,000 | 43,000 | ||||||
RBS Global, Inc. | 50,000 | 50,875 | ||||||
Realogy Group LLC | 164,000 | 148,420 | ||||||
SBA Communications Corp. | 55,000 | 56,856 | ||||||
Scientific Games International, Inc. | 58,000 | 61,045 | ||||||
5.00%, 10/15/25(a) | 106,000 | 107,325 | ||||||
Sinclair Television Group, Inc. | 50,000 | 51,250 | ||||||
Sirius XM Radio, Inc. | 115,000 | 118,622 | ||||||
5.38%, 7/15/26(a) | 50,000 | 52,000 | ||||||
Six Flags Entertainment Corp. | 95,000 | 96,722 | ||||||
Spectrum Brands, Inc. | 50,000 | 52,187 | ||||||
Springleaf Finance Corp. | 60,000 | 65,850 | ||||||
5.63%, 3/15/23 | 37,000 | 39,405 | ||||||
6.88%, 3/15/25 | 50,000 | 54,874 | ||||||
7.13%, 3/15/26 | 103,000 | 113,042 | ||||||
Steel Dynamics, Inc. | 101,000 | 102,179 | ||||||
| Investments | Principal Amount | Value | ||||||
Suburban Propane Partners L.P. | $ | 50,000 | $ | 50,500 | ||||
SunCoke Energy Partners L.P. | 50,000 | 49,000 | ||||||
Symantec Corp. | 50,000 | 51,293 | ||||||
T-Mobile USA, Inc. | 89,000 | 91,225 | ||||||
6.50%, 1/15/24 | 100,000 | 103,750 | ||||||
6.00%, 4/15/24 | 35,000 | 36,575 | ||||||
5.13%, 4/15/25 | 50,000 | 52,226 | ||||||
Tallgrass Energy Partners L.P. | 35,000 | 36,313 | ||||||
5.50%, 1/15/28(a) | 50,000 | 50,813 | ||||||
Teleflex, Inc. | 50,000 | 51,625 | ||||||
Tenet Healthcare Corp. | 34,000 | 34,723 | ||||||
6.75%, 6/15/23 | 200,000 | 201,500 | ||||||
5.13%, 5/1/25 | 50,000 | 50,375 | ||||||
Tenneco, Inc. | 174,000 | 140,940 | ||||||
TransDigm, Inc. | 18,000 | 18,225 | ||||||
6.50%, 7/15/24 | 50,000 | 50,750 | ||||||
6.50%, 5/15/25 | 10,000 | 10,153 | ||||||
6.38%, 6/15/26 | 75,000 | 75,844 | ||||||
Transocean, Inc. | 155,000 | 148,412 | ||||||
TreeHouse Foods, Inc. | 69,000 | 71,932 | ||||||
Tribune Media Co. | 19,000 | 19,426 | ||||||
United Rentals North America, Inc. | 50,000 | 50,938 | ||||||
5.88%, 9/15/26 | 90,000 | 96,187 | ||||||
4.88%, 1/15/28 | 108,000 | 110,430 | ||||||
United States Steel Corp. | 100,000 | 95,000 | ||||||
6.25%, 3/15/26 | 113,000 | 100,994 | ||||||
Uniti Group L.P. | 108,000 | 102,870 | ||||||
US Concrete, Inc. | 50,000 | 52,250 | ||||||
Vector Group Ltd. | 117,000 | 109,018 | ||||||
VeriSign, Inc. | 50,000 | 53,562 | ||||||
4.75%, 7/15/27 | 37,000 | 38,665 | ||||||
VFH Parent LLC | 50,000 | 51,834 | ||||||
WellCare Health Plans, Inc. | 50,000 | 52,312 | ||||||
WESCO Distribution, Inc. | 50,000 | 50,563 | ||||||
Western Digital Corp. | 210,000 | 206,545 | ||||||
See Notes to Financial Statements.
| 94 | WisdomTree Trust |
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Schedule of Investments(concluded)
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund(WFHY)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
Wynn Las Vegas LLC | $ | 75,000 | $ | 75,094 | ||||
5.50%, 3/1/25(a) | 106,000 | 109,742 | ||||||
XPO Logistics, Inc. | 50,000 | 51,938 | ||||||
Zayo Group LLC | 150,000 | 153,207 | ||||||
TOTAL U.S. CORPORATE BONDS (Cost: $14,678,599) |
| 15,079,499 | ||||||
| FOREIGN CORPORATE BOND – 0.3% |
| |||||||
| United Kingdom – 0.3% |
| |||||||
Avon International Operations, Inc. | ||||||||
| (Cost: $51,309) | 50,000 | 52,125 | ||||||
| Shares | ||||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.3% |
| |||||||
| United States – 3.3% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.36%(c) | ||||||||
| (Cost: $514,213)(d) | 514,213 | 514,213 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 101.2% (Cost: $15,244,121) |
| 15,645,837 | ||||||
Other Assets less Liabilities – (1.2)% |
| (192,389 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 15,453,448 | |||||
| (a) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (b) | Security, or portion thereof, was on loan at June 30, 2019 (See Note 2). |
| (c) | Rate shown represents annualized7-day yield as of June 30, 2019. |
| (d) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $500,695 and the total market value of the collateral held by the Fund was $514,213. |
See Notes to Financial Statements.
| WisdomTree Trust | 95 |
Table of Contents
Schedule of Investments
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund(SFIG)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
| U.S. CORPORATE BONDS – 94.2% |
| |||||||
| United States – 94.2% |
| |||||||
Abbott Laboratories | $ | 30,000 | $ | 30,508 | ||||
AbbVie, Inc. | 51,000 | 51,486 | ||||||
Altria Group, Inc. | 28,000 | 29,363 | ||||||
American Express Co. | 39,000 | 39,262 | ||||||
American Honda Finance Corp. | 49,000 | 49,112 | ||||||
American International Group, Inc. | 48,000 | 48,535 | ||||||
3.30%, 3/1/21 | 86,000 | 87,188 | ||||||
Amgen, Inc. | 47,000 | 48,520 | ||||||
Analog Devices, Inc. | 10,000 | 10,033 | ||||||
Anthem, Inc. | 24,000 | 24,448 | ||||||
Apple, Inc. | 63,000 | 63,245 | ||||||
AT&T, Inc. | 101,000 | 102,654 | ||||||
3.60%, 2/17/23 | 29,000 | 30,120 | ||||||
Bank of America Corp. | 53,000 | 57,532 | ||||||
3.30%, 1/11/23 | 23,000 | 23,724 | ||||||
Bank of New York Mellon Corp. (The) | 114,000 | 113,809 | ||||||
Baxter International, Inc. | 22,000 | 21,742 | ||||||
Block Financial LLC | 11,000 | 11,742 | ||||||
BP Capital Markets America, Inc. | 21,000 | 22,250 | ||||||
Broadcom Corp. | 36,000 | 35,516 | ||||||
3.63%, 1/15/24 | 17,000 | 17,173 | ||||||
Burlington Northern Santa Fe LLC | 34,000 | 34,838 | ||||||
Campbell Soup Co. | 23,000 | 23,695 | ||||||
Capital One Financial Corp. | 59,000 | 61,695 | ||||||
CBS Corp. | 28,000 | 27,868 | ||||||
Celgene Corp. | 52,000 | 52,287 | ||||||
3.25%, 2/20/23 | 13,000 | 13,335 | ||||||
Chevron Corp. | 25,000 | 24,955 | ||||||
Cisco Systems, Inc. | 17,000 | 17,268 | ||||||
| Investments | Principal Amount | Value | ||||||
Citigroup, Inc. | $ | 96,000 | $ | 96,358 | ||||
2.70%, 3/30/21 | 23,000 | 23,126 | ||||||
2.75%, 4/25/22 | 34,000 | 34,324 | ||||||
Comcast Cable Communications Holdings, Inc. | 14,000 | 17,255 | ||||||
Comcast Corp. | 29,000 | 29,447 | ||||||
Conagra Brands, Inc. | 14,000 | 14,249 | ||||||
Consolidated Edison, Inc. | 75,000 | 74,657 | ||||||
Constellation Brands, Inc. | 50,000 | 51,116 | ||||||
Continental Resources, Inc. | 20,000 | 21,031 | ||||||
CVS Health Corp. | 120,000 | 120,329 | ||||||
3.70%, 3/9/23 | 45,000 | 46,568 | ||||||
Discover Financial Services | 17,000 | 17,740 | ||||||
Dominion Energy, Inc. | 49,000 | 48,940 | ||||||
Duke Energy Corp. | 32,000 | 32,002 | ||||||
DuPont de Nemours, Inc. | 17,000 | 18,210 | ||||||
eBay, Inc. | 22,000 | 22,055 | ||||||
Edison International | 11,000 | 10,953 | ||||||
Enterprise Products Operating LLC | 22,000 | 23,319 | ||||||
Exelon Corp. | 44,000 | 45,094 | ||||||
Express Scripts Holding Co. | 31,000 | 31,092 | ||||||
3.00%, 7/15/23 | 23,000 | 23,298 | ||||||
Exxon Mobil Corp. | 25,000 | 25,549 | ||||||
Fifth Third Bancorp | 36,000 | 36,261 | ||||||
General Dynamics Corp. | 19,000 | 19,096 | ||||||
General Mills, Inc. | 25,000 | 25,110 | ||||||
General Motors Financial Co., Inc. | �� | 64,000 | 64,938 | |||||
3.70%, 5/9/23 | 67,000 | 68,020 | ||||||
Gilead Sciences, Inc. | 35,000 | 36,627 | ||||||
Hartford Financial Services Group, Inc. (The) | 25,000 | 25,551 | ||||||
Hewlett Packard Enterprise Co. | 46,000 | 46,614 | ||||||
See Notes to Financial Statements.
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Schedule of Investments(continued)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund(SFIG)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
HP, Inc. | $ | 36,000 | $ | 37,258 | ||||
HSBC USA, Inc. | 100,000 | 100,025 | ||||||
Huntington Bancshares, Inc. | 29,000 | 29,369 | ||||||
Intel Corp. | 22,000 | 22,660 | ||||||
International Business Machines Corp. | 100,000 | 101,743 | ||||||
Interpublic Group of Cos., Inc. (The) | 21,000 | 22,625 | ||||||
JPMorgan Chase & Co. | 128,000 | 128,531 | ||||||
4.40%, 7/22/20 | 71,000 | 72,591 | ||||||
2.97%, 1/15/23 | 36,000 | 36,547 | ||||||
KeyCorp | 27,000 | 28,237 | ||||||
Kimco Realty Corp. | 19,000 | 19,337 | ||||||
Kraft Heinz Foods Co. | 39,000 | 39,051 | ||||||
3.50%, 7/15/22 | 29,000 | 29,694 | ||||||
Kroger Co. (The) | 26,000 | 26,628 | ||||||
Laboratory Corp. of America Holdings | 26,000 | 26,436 | ||||||
Lockheed Martin Corp. | 155,000 | 155,658 | ||||||
Macy’s Retail Holdings, Inc. | 28,000 | 27,437 | ||||||
Marriott International, Inc. | 27,000 | 26,921 | ||||||
Marsh & McLennan Cos., Inc. | 21,000 | 22,300 | ||||||
McDonald’s Corp. | 31,000 | 31,353 | ||||||
McKesson Corp. | 13,000 | 13,107 | ||||||
Medtronic, Inc. | 26,000 | 26,740 | ||||||
Molson Coors Brewing Co. | 15,000 | 14,905 | ||||||
Morgan Stanley | 81,000 | 86,087 | ||||||
2.75%, 5/19/22 | 40,000 | 40,435 | ||||||
3.13%, 1/23/23 | 62,000 | 63,443 | ||||||
MPLX L.P. | 29,000 | 30,781 | ||||||
NBCUniversal Media LLC | 41,000 | 42,531 | ||||||
Newell Brands, Inc. | 23,000 | 23,353 | ||||||
NextEra Energy Capital Holdings, Inc. | 33,000 | 33,951 | ||||||
| Investments | Principal Amount | Value | ||||||
Northrop Grumman Corp. | $ | 23,000 | $ | 23,057 | ||||
NVIDIA Corp. | 15,000 | 14,967 | ||||||
Omnicom Group, Inc. | 40,000 | 40,904 | ||||||
Oracle Corp. | 26,000 | 26,460 | ||||||
3.63%, 7/15/23 | 22,000 | 23,214 | ||||||
PepsiCo, Inc. | 25,000 | 25,554 | ||||||
Philip Morris International, Inc. | 21,000 | 21,020 | ||||||
Phillips 66 | 16,000 | 16,857 | ||||||
Public Service Enterprise Group, Inc. | 25,000 | 25,074 | ||||||
Republic Services, Inc. | 25,000 | 25,784 | ||||||
Reynolds American, Inc. | 26,000 | 27,004 | ||||||
Roper Technologies, Inc. | 10,000 | 10,172 | ||||||
Santander Holdings USA, Inc. | 25,000 | 25,386 | ||||||
Sempra Energy | 32,000 | 32,290 | ||||||
Sherwin-Williams Co. (The) | 24,000 | 23,961 | ||||||
Starbucks Corp. | 13,000 | 13,380 | ||||||
Synchrony Financial | 95,000 | 95,020 | ||||||
Tech Data Corp. | 30,000 | 30,526 | ||||||
Thermo Fisher Scientific, Inc. | 39,000 | 39,947 | ||||||
Toyota Motor Credit Corp. | 36,000 | 37,030 | ||||||
TWDC Enterprises 18 Corp. | 26,000 | 26,200 | ||||||
United Parcel Service, Inc. | 73,000 | 74,101 | ||||||
United Technologies Corp. | 27,000 | 27,633 | ||||||
3.65%, 8/16/23 | 33,000 | 34,584 | ||||||
UnitedHealth Group, Inc. | 39,000 | 38,849 | ||||||
Verizon Communications, Inc. | 34,000 | 37,988 | ||||||
Viacom, Inc. | 45,000 | 46,394 | ||||||
Walgreens Boots Alliance, Inc. | 45,000 | 45,010 | ||||||
Walmart, Inc. | 22,000 | 23,138 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 97 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund(SFIG)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
Wells Fargo & Co. | $ | 35,000 | $ | 35,110 | ||||
4.60%, 4/1/21 | 64,000 | 66,452 | ||||||
3.75%, 1/24/24 | 34,000 | 35,770 | ||||||
TOTAL U.S. CORPORATE BONDS (Cost: $4,692,496) |
| 4,751,402 | ||||||
| FOREIGN CORPORATE BONDS – 3.1% |
| |||||||
| Germany – 2.7% |
| |||||||
Deutsche Bank AG | 36,000 | 35,855 | ||||||
4.25%, 10/14/21 | 100,000 | 101,412 | ||||||
|
| |||||||
| Total Germany |
| 137,267 | ||||||
| Switzerland – 0.4% |
| |||||||
Novartis Capital Corp. | 20,000 | 20,176 | ||||||
TOTAL FOREIGN CORPORATE BONDS (Cost: $154,757) |
| 157,443 | ||||||
| U.S. GOVERNMENT OBLIGATIONS – 0.8% |
| |||||||
| U.S. Treasury Note – 0.8% |
| |||||||
U.S. Treasury Note (Cost: $40,913) | 41,000 | 41,341 | ||||||
| Shares | ||||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1% |
| |||||||
| United States – 0.1% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.36%(b) | ||||||||
| (Cost: $3,098)(c) | 3,098 | 3,098 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.2% (Cost: $4,891,264) |
| 4,953,284 | ||||||
Other Assets less Liabilities – 1.8% |
| 89,904 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 5,043,188 | |||||
| (a) | Security, or portion thereof, was on loan at June 30, 2019 (See Note 2). |
| (b) | Rate shown represents annualized7-day yield as of June 30, 2019. |
| (c) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,012 and the total market value of the collateral held by the Fund was $3,098. |
See Notes to Financial Statements.
| 98 | WisdomTree Trust |
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Schedule of Investments
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund(SFHY)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
| U.S. CORPORATE BONDS – 97.0% |
| |||||||
| United States – 97.0% |
| |||||||
Acadia Healthcare Co., Inc. | $ | 150,000 | $ | 153,187 | ||||
ADT Security Corp. (The) | 125,000 | 132,813 | ||||||
4.13%, 6/15/23 | 67,000 | 67,121 | ||||||
AES Corp. | 223,000 | 227,469 | ||||||
AMC Networks, Inc. | 50,000 | 51,563 | ||||||
American Axle & Manufacturing, Inc. | 190,000 | 193,800 | ||||||
Arconic, Inc. | 190,000 | 197,023 | ||||||
B&G Foods, Inc. | 50,000 | 50,250 | ||||||
Berry Global, Inc. | 242,000 | 245,630 | ||||||
Cablevision Systems Corp. | 311,000 | 327,327 | ||||||
California Resources Corp. | 200,000 | 151,750 | ||||||
CCO Holdings LLC | 121,000 | 121,605 | ||||||
5.13%, 2/15/23 | 145,000 | 147,654 | ||||||
4.00%, 3/1/23(b) | 177,000 | 177,830 | ||||||
Centene Corp. | 429,000 | 437,580 | ||||||
CenturyLink, Inc. | 293,000 | 306,917 | ||||||
Chemours Co. (The) | 75,000 | 77,859 | ||||||
Clean Harbors, Inc. | 316,000 | 316,790 | ||||||
Cogent Communications Group, Inc. | 228,000 | 237,120 | ||||||
CommScope, Inc. | 100,000 | 100,125 | ||||||
Community Health Systems, Inc. | 199,000 | 195,269 | ||||||
6.25%, 3/31/23 | 277,000 | 267,651 | ||||||
Consolidated Communications, Inc. | 206,000 | 193,061 | ||||||
Crestwood Midstream Partners L.P. | 270,000 | 276,750 | ||||||
Crown Americas LLC | 150,000 | 156,562 | ||||||
CSC Holdings LLC | 166,000 | 178,035 | ||||||
DaVita, Inc. | 150,000 | 151,875 | ||||||
DCP Midstream Operating L.P. | 50,000 | 50,500 | ||||||
Dell International LLC | 249,000 | 253,220 | ||||||
| Investments | Principal Amount | Value | ||||||
Denbury Resources, Inc. | $ | 150,000 | $ | 148,500 | ||||
9.25%, 3/31/22(b) | 142,000 | 133,835 | ||||||
Diamond Resorts International, Inc. | 171,000 | 176,771 | ||||||
DISH DBS Corp. | 50,000 | 50,375 | ||||||
5.88%, 7/15/22 | 198,000 | 201,712 | ||||||
5.00%, 3/15/23 | 268,000 | 259,960 | ||||||
DPL, Inc. | 2,000 | 2,158 | ||||||
Edgewell Personal Care Co. | 24,000 | 24,330 | ||||||
EMC Corp. | 205,000 | 204,110 | ||||||
Endo Finance LLC | 213,000 | 186,907 | ||||||
5.38%, 1/15/23(b) | 153,000 | 110,925 | ||||||
Ferrellgas L.P. | 145,000 | 129,050 | ||||||
First Data Corp. | 219,000 | 223,216 | ||||||
Forum Energy Technologies, Inc. | 225,000 | 204,750 | ||||||
Freeport-McMoRan, Inc. | 150,000 | 150,938 | ||||||
3.88%, 3/15/23 | 301,000 | 301,752 | ||||||
Frontier Communications Corp. | 50,000 | 32,250 | ||||||
10.50%, 9/15/22 | 200,000 | 136,500 | ||||||
7.13%, 1/15/23 | 301,000 | 181,352 | ||||||
Gap, Inc. (The) | 50,000 | 52,236 | ||||||
Genworth Holdings, Inc. | 140,000 | 121,100 | ||||||
Global Partners L.P. | 279,000 | 283,185 | ||||||
Goodyear Tire & Rubber Co. (The) | 225,000 | 228,656 | ||||||
Griffon Corp. | 327,000 | 326,591 | ||||||
HCA Healthcare, Inc. | 69,000 | 72,450 | ||||||
HCA, Inc. | 43,000 | 47,515 | ||||||
5.88%, 3/15/22 | 115,000 | 125,722 | ||||||
5.88%, 5/1/23 | 180,000 | 196,178 | ||||||
Hill-Rom Holdings, Inc. | 170,000 | 176,128 | ||||||
Hughes Satellite Systems Corp. | 53,000 | 56,843 | ||||||
6.63%, 8/1/26 | 50,000 | 52,688 | ||||||
Huntsman International LLC | 70,000 | 74,063 | ||||||
IQVIA, Inc. | 100,000 | 102,750 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 99 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund(SFHY)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
L Brands, Inc. | $ | 243,000 | $ | 253,204 | ||||
Lamar Media Corp. | 30,000 | 31,013 | ||||||
Lee Enterprises, Inc. | 30,000 | 30,675 | ||||||
Level 3 Financing, Inc. | 172,000 | 172,645 | ||||||
5.63%, 2/1/23 | 145,000 | 147,169 | ||||||
Level 3 Parent LLC | 49,000 | 49,551 | ||||||
Martin Midstream Partners L.P. | 274,000 | 272,959 | ||||||
Men’s Wearhouse, Inc. (The) | 192,000 | 185,760 | ||||||
MGM Resorts International | 315,000 | 342,169 | ||||||
Molina Healthcare, Inc. | 194,000 | 202,487 | ||||||
Murphy Oil USA, Inc. | 153,000 | 157,781 | ||||||
National CineMedia LLC | 2,000 | 2,025 | ||||||
Navient Corp. | 199,000 | 211,883 | ||||||
5.50%, 1/25/23 | 118,000 | 121,688 | ||||||
7.25%, 9/25/23 | 122,000 | 130,693 | ||||||
NCR Corp. | 423,000 | 428,694 | ||||||
Newmark Group, Inc. | 241,000 | 255,179 | ||||||
Nexstar Broadcasting, Inc. | 30,000 | 30,750 | ||||||
Nielsen Finance LLC | 197,000 | 197,492 | ||||||
PBF Holding Co. LLC | 220,000 | 229,352 | ||||||
PBF Logistics L.P. | 260,000 | 269,425 | ||||||
Peabody Energy Corp. | 302,000 | 310,305 | ||||||
Pitney Bowes, Inc. | 49,000 | 48,265 | ||||||
4.63%, 5/15/22 | 161,000 | 154,962 | ||||||
4.70%, 4/1/23 | 262,000 | 248,245 | ||||||
Plantronics, Inc. | 150,000 | 149,625 | ||||||
Realogy Group LLC | 234,000 | 211,770 | ||||||
Rite Aid Corp. | 125,000 | 105,938 | ||||||
RR Donnelley & Sons Co. | 16,000 | 16,400 | ||||||
Sabre GLBL, Inc. | 175,000 | 179,812 | ||||||
| Investments | Principal Amount | Value | ||||||
Scientific Games International, Inc. | $ | 201,000 | $ | 211,552 | ||||
Sealed Air Corp. | 193,000 | 203,132 | ||||||
Select Medical Corp. | 143,000 | 143,372 | ||||||
Service Corp. International | 57,000 | 57,177 | ||||||
SESI LLC | 50,000 | 35,375 | ||||||
Sirius XM Radio, Inc. | 172,000 | 173,290 | ||||||
4.63%, 5/15/23(b) | 43,000 | 43,645 | ||||||
Spectrum Brands, Inc. | 59,000 | 60,564 | ||||||
Springleaf Finance Corp. | 429,000 | 462,247 | ||||||
Steel Dynamics, Inc. | 46,000 | 46,537 | ||||||
5.25%, 4/15/23 | 85,000 | 86,594 | ||||||
T-Mobile USA, Inc. | 150,000 | 153,750 | ||||||
TEGNA, Inc. | 75,000 | 77,531 | ||||||
Tenet Healthcare Corp. | 50,000 | 51,659 | ||||||
4.38%, 10/1/21 | 38,000 | 38,808 | ||||||
8.13%, 4/1/22 | 171,000 | 179,977 | ||||||
6.75%, 6/15/23 | 175,000 | 176,312 | ||||||
Titan International, Inc. | 134,000 | 116,915 | ||||||
Toll Brothers Finance Corp. | 76,000 | 81,035 | ||||||
4.38%, 4/15/23 | 125,000 | 129,844 | ||||||
TransDigm, Inc. | 412,000 | 417,150 | ||||||
Tribune Media Co. | 150,000 | 153,360 | ||||||
Triumph Group, Inc. | 341,000 | 337,590 | ||||||
Univar USA, Inc. | 130,000 | 133,088 | ||||||
Vista Outdoor, Inc. | 131,000 | 128,435 | ||||||
Wynn Las Vegas LLC | 50,000 | 50,063 | ||||||
XPO Logistics, Inc. | 119,000 | 123,611 | ||||||
Zayo Group LLC | 315,000 | 323,662 | ||||||
TOTAL U.S. CORPORATE BONDS (Cost: $19,413,242) |
| 19,564,023 | ||||||
| FOREIGN CORPORATE BONDS – 1.2% |
| |||||||
| Israel – 0.1% |
| |||||||
Teva Pharmaceutical Finance IV LLC | 30,000 | 29,813 | ||||||
See Notes to Financial Statements.
| 100 | WisdomTree Trust |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund(SFHY)
June 30, 2019
| Investments | Principal Amount | Value | ||||||
| United Kingdom – 1.1% |
| |||||||
Avon International Operations, Inc. | $ | 207,000 | $ | 215,797 | ||||
TOTAL FOREIGN CORPORATE BONDS (Cost: $241,796) |
| 245,610 | ||||||
| Shares | ||||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.0% |
| |||||||
| United States – 5.0% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.36%(c) | ||||||||
| (Cost: $1,010,193)(d) | 1,010,193 | 1,010,193 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 103.2% (Cost: $20,665,231) |
| 20,819,826 | ||||||
Other Assets less Liabilities – (3.2)% |
| (638,540 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 20,181,286 | |||||
| (a) | Security, or portion thereof, was on loan at June 30, 2019 (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 annualized7-day yield as of June 30, 2019. |
| (d) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $977,176 and the total market value of the collateral held by the Fund was $1,010,193. |
See Notes to Financial Statements.
| WisdomTree Trust | 101 |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Bearish U.S. Equity Fund(DYB)
June 30, 2019
| Investments | �� | Shares | Value | |||||
| COMMON STOCKS – 104.6% | ||||||||
| United States – 104.6% | ||||||||
| Aerospace & Defense – 1.9% | ||||||||
Boeing Co. (The) | 180 | $ | 65,522 | |||||
Lockheed Martin Corp. | 262 | 95,247 | ||||||
|
| |||||||
| Total Aerospace & Defense | 160,769 | |||||||
| Air Freight & Logistics – 2.2% | ||||||||
C.H. Robinson Worldwide, Inc. | 1,466 | 123,657 | ||||||
United Parcel Service, Inc. Class B | 640 | 66,093 | ||||||
|
| |||||||
| Total Air Freight & Logistics | 189,750 | |||||||
| Automobiles – 0.7% | ||||||||
Harley-Davidson, Inc. | 1,647 | 59,012 | ||||||
| Banks – 3.1% | ||||||||
Comerica, Inc. | 1,066 | 77,434 | ||||||
East West Bancorp, Inc. | 1,473 | 68,892 | ||||||
SVB Financial Group* | 189 | 42,448 | ||||||
Western Alliance Bancorp* | 1,798 | 80,407 | ||||||
|
| |||||||
| Total Banks | 269,181 | |||||||
| Beverages – 0.8% | ||||||||
Brown-Forman Corp. Class B | 1,187 | 65,795 | ||||||
| Biotechnology – 2.9% | ||||||||
Biogen, Inc.* | 200 | 46,774 | ||||||
Gilead Sciences, Inc. | 1,491 | 100,732 | ||||||
Ligand Pharmaceuticals, Inc.* | 302 | 34,474 | ||||||
United Therapeutics Corp.* | 836 | 65,258 | ||||||
|
| |||||||
| Total Biotechnology | 247,238 | |||||||
| Capital Markets – 3.9% | ||||||||
E*TRADE Financial Corp. | 2,247 | 100,216 | ||||||
Franklin Resources, Inc. | 3,684 | 128,203 | ||||||
Goldman Sachs Group, Inc. (The) | 536 | 109,666 | ||||||
|
| |||||||
| Total Capital Markets | 338,085 | |||||||
| Chemicals – 0.6% | ||||||||
Chemours Co. (The) | 2,343 | 56,232 | ||||||
| Communications Equipment – 3.5% | ||||||||
Cisco Systems, Inc. | 2,161 | 118,272 | ||||||
Motorola Solutions, Inc. | 830 | 138,386 | ||||||
Ubiquiti Networks, Inc. | 361 | 47,471 | ||||||
|
| |||||||
| Total Communications Equipment | 304,129 | |||||||
| Consumer Finance – 2.5% | ||||||||
Discover Financial Services | 1,122 | 87,056 | ||||||
SLM Corp. | 5,299 | 51,506 | ||||||
Synchrony Financial | 2,152 | 74,610 | ||||||
|
| |||||||
| Total Consumer Finance | 213,172 | |||||||
| Diversified Consumer Services – 1.1% | ||||||||
H&R Block, Inc. | 3,375 | 98,888 | ||||||
| Diversified Telecommunication Services – 2.0% | ||||||||
AT&T, Inc. | 1,964 | 65,814 | ||||||
Verizon Communications, Inc. | 1,889 | 107,918 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services | 173,732 | |||||||
| Investments | Shares | Value | ||||||
| Electric Utilities – 1.0% | ||||||||
PPL Corp. | 2,687 | $ | 83,324 | |||||
| Electronic Equipment, Instruments & Components – 0.6% |
| |||||||
Vishay Intertechnology, Inc. | 2,989 | 49,378 | ||||||
| Entertainment – 1.8% | ||||||||
Activision Blizzard, Inc. | 1,901 | 89,727 | ||||||
Electronic Arts, Inc.* | 661 | 66,933 | ||||||
|
| |||||||
| Total Entertainment | 156,660 | |||||||
| Equity Real Estate Investment Trusts (REITs) – 4.1% | ||||||||
Lexington Realty Trust | 15,011 | 141,254 | ||||||
Medical Properties Trust, Inc. | 12,410 | 216,430 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) | 357,684 | |||||||
| Food Products – 3.0% | ||||||||
Cal-Maine Foods, Inc. | 1,677 | 69,964 | ||||||
Hormel Foods Corp. | 4,605 | 186,687 | ||||||
|
| |||||||
| Total Food Products | 256,651 | |||||||
| Health Care Equipment & Supplies – 0.7% | ||||||||
Integer Holdings Corp.* | 734 | 61,597 | ||||||
| Health Care Providers & Services – 11.0% | ||||||||
AMN Healthcare Services, Inc.* | 1,546 | 83,870 | ||||||
Encompass Health Corp. | 1,608 | 101,883 | ||||||
HCA Healthcare, Inc. | 708 | 95,700 | ||||||
Henry Schein, Inc.* | 2,752 | 192,365 | ||||||
Laboratory Corp. of America Holdings* | 704 | 121,722 | ||||||
MEDNAX, Inc.* | 2,964 | 74,782 | ||||||
Quest Diagnostics, Inc. | 1,846 | 187,941 | ||||||
Universal Health Services, Inc. Class B | 741 | 96,619 | ||||||
|
| |||||||
| Total Health Care Providers & Services | 954,882 | |||||||
| Hotels, Restaurants & Leisure – 2.1% | ||||||||
Cracker Barrel Old Country Store, Inc.(a) | 676 | 115,413 | ||||||
Las Vegas Sands Corp. | 1,132 | 66,890 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure | 182,303 | |||||||
| Household Products – 2.8% | ||||||||
Clorox Co. (The) | 427 | 65,378 | ||||||
Colgate-Palmolive Co. | 802 | 57,479 | ||||||
WD-40 Co. | 767 | 121,984 | ||||||
|
| |||||||
| Total Household Products | 244,841 | |||||||
| Independent Power & Renewable Electricity Producers – 2.4% |
| |||||||
AES Corp. | 4,582 | 76,794 | ||||||
Clearway Energy, Inc. Class C | 7,580 | 127,799 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 204,593 | ||||||
| Insurance – 0.7% |
| |||||||
American Equity Investment Life Holding Co. | 2,114 | 57,416 | ||||||
| Interactive Media & Services – 3.1% |
| |||||||
Alphabet, Inc. Class A* | 86 | 93,121 | ||||||
Cargurus, Inc.* | 2,166 | 78,214 | ||||||
Facebook, Inc. Class A* | 513 | 99,009 | ||||||
|
| |||||||
| Total Interactive Media & Services |
| 270,344 | ||||||
See Notes to Financial Statements.
| 102 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Bearish U.S. Equity Fund(DYB)
June 30, 2019
| Investments | Shares | Value | ||||||
| Internet & Direct Marketing Retail – 0.9% |
| |||||||
eBay, Inc. | 1,936 | $ | 76,472 | |||||
| IT Services – 3.7% |
| |||||||
Cognizant Technology Solutions Corp. Class A | 1,503 | 95,275 | ||||||
EPAM Systems, Inc.* | 352 | 60,931 | ||||||
Western Union Co. (The) | 8,342 | 165,923 | ||||||
|
| |||||||
| Total IT Services |
| 322,129 | ||||||
| Leisure Products – 0.7% |
| |||||||
Polaris Industries, Inc. | 621 | 56,654 | ||||||
| Machinery – 2.9% |
| |||||||
Cummins, Inc. | 444 | 76,075 | ||||||
Fortive Corp. | 1,029 | 83,884 | ||||||
Illinois Tool Works, Inc. | 619 | 93,352 | ||||||
|
| |||||||
| Total Machinery |
| 253,311 | ||||||
| Media – 4.4% |
| |||||||
Omnicom Group, Inc. | 3,914 | 320,752 | ||||||
TEGNA, Inc. | 3,849 | 58,313 | ||||||
|
| |||||||
| Total Media |
| 379,065 | ||||||
| Metals & Mining – 1.3% |
| |||||||
Steel Dynamics, Inc. | 3,799 | 114,730 | ||||||
| Multiline Retail – 0.9% |
| |||||||
Nordstrom, Inc. | 2,414 | 76,910 | ||||||
| Oil, Gas & Consumable Fuels – 5.4% |
| |||||||
Anadarko Petroleum Corp. | 2,086 | 147,188 | ||||||
Apache Corp. | 1,570 | 45,483 | ||||||
CVR Energy, Inc. | 1,739 | 86,933 | ||||||
Equitrans Midstream Corp.* | 3,988 | 78,603 | ||||||
Occidental Petroleum Corp. | 2,234 | 112,326 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 470,533 | ||||||
| Professional Services – 0.6% |
| |||||||
Robert Half International, Inc. | 894 | 50,967 | ||||||
| Semiconductors & Semiconductor Equipment – 10.4% |
| |||||||
Applied Materials, Inc. | 1,485 | 66,691 | ||||||
Intel Corp. | 3,822 | 182,959 | ||||||
KLA-Tencor Corp. | 587 | 69,383 | ||||||
Lam Research Corp. | 325 | 61,048 | ||||||
Maxim Integrated Products, Inc. | 1,531 | 91,584 | ||||||
Micron Technology, Inc.* | 1,303 | 50,283 | ||||||
NVIDIA Corp. | 226 | 37,116 | ||||||
Skyworks Solutions, Inc. | 1,277 | 98,674 | ||||||
Teradyne, Inc. | 1,437 | 68,847 | ||||||
Texas Instruments, Inc. | 981 | 112,580 | ||||||
Xilinx, Inc. | 563 | 66,389 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 905,554 | ||||||
| Software – 6.0% |
| |||||||
Citrix Systems, Inc. | 1,620 | 158,987 | ||||||
Fortinet, Inc.* | 993 | 76,292 | ||||||
| Investments | Shares | Value | ||||||
Microsoft Corp. | 1,174 | $ | 157,269 | |||||
Oracle Corp. | 2,298 | 130,917 | ||||||
|
| |||||||
| Total Software |
| 523,465 | ||||||
| Specialty Retail – 2.3% |
| |||||||
Best Buy Co., Inc. | 838 | 58,434 | ||||||
Gap, Inc. (The) | 3,925 | 70,532 | ||||||
Williams-Sonoma, Inc. | 1,117 | 72,605 | ||||||
|
| |||||||
| Total Specialty Retail |
| 201,571 | ||||||
| Technology Hardware, Storage & Peripherals – 0.6% |
| |||||||
NetApp, Inc. | 899 | 55,468 | ||||||
| Textiles, Apparel & Luxury Goods – 1.5% |
| |||||||
Hanesbrands, Inc. | 3,395 | 58,462 | ||||||
Tapestry, Inc. | 2,187 | 69,393 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 127,855 | ||||||
| Thrifts & Mortgage Finance – 1.4% |
| |||||||
MGIC Investment Corp.* | 4,592 | 60,339 | ||||||
Radian Group, Inc. | 2,633 | 60,164 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 120,503 | ||||||
| Tobacco – 0.4% |
| |||||||
Philip Morris International, Inc. | 478 | 37,537 | ||||||
| Trading Companies & Distributors – 2.7% |
| |||||||
Fastenal Co. | 1,653 | 53,871 | ||||||
MSC Industrial Direct Co., Inc. Class A | 830 | 61,636 | ||||||
Watsco, Inc. | 708 | 115,779 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 231,286 | ||||||
TOTAL COMMON STOCKS (Cost: $9,302,294) |
| 9,059,666 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2% |
| |||||||
| United States – 1.2% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $105,944)(c) | 105,944 | 105,944 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 105.8% (Cost: $9,408,238) | 9,165,610 | |||||||
Other Assets less Liabilities – (5.8)% | (499,042 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 8,666,568 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at June 30, 2019 (See Note 2). |
| (b) | Rate shown represents annualized7-day yield as of June 30, 2019. |
| (c) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $103,804 and the total market value of the collateral held by the Fund was $105,944. |
See Notes to Financial Statements.
| WisdomTree Trust | 103 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Dynamic Bearish U.S. Equity Fund(DYB)
June 30, 2019
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| TOTAL RETURN SWAPS – SHORT EXPOSURE TO REFERENCE ENTITY (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Value | ||||||||||||||||||||||||||||
| Fund Pays Total Return of Reference Entity | Fund Receives Variable Rate (per annum) | Counterparty | Termination Date | Notional Value | Upfront Premiums Paid | Upfront Premiums Received | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||
| S&P 500 Index | 2.67%(1-Month London Interbank Offered Rate plus 0.25%), Monthly | Bank of America Merrill Lynch | 9/4/19 | $ | 94,532 | $ | — | $ | — | $ | — | $ | (4,408 | ) | ||||||||||||||
| S&P 500 Index | 2.73%(1-Month London Interbank Offered Rate plus 0.31%), Monthly | Bank of America Merrill Lynch | 10/2/19 | 1,004,403 | — | — | — | (46,797 | ) | |||||||||||||||||||
| S&P 500 Index | 2.57%(1-Month London Interbank Offered Rate plus 0.15%), Monthly | Bank of America Merrill Lynch | 6/2/20 | 762,164 | — | — | — | (35,628 | ) | |||||||||||||||||||
| S&P 500 Index | 2.82%(1-Month London Interbank Offered Rate plus 0.40%), Monthly | Citigroup, Inc. | 10/2/19 | 1,016,219 | — | — | — | (47,287 | ) | |||||||||||||||||||
| S&P 500 Index | 2.58%(1-Month London Interbank Offered Rate plus 0.16%), Monthly | Citigroup, Inc. | 3/3/20 | 70,899 | — | — | — | (3,310 | ) | |||||||||||||||||||
| S&P 500 Index | 2.65%(1-Month London Interbank Offered Rate plus 0.23%), Monthly | Citigroup, Inc. | 6/2/20 | 773,981 | — | — | — | (36,139 | ) | |||||||||||||||||||
| S&P 500 Index | 2.78%(1-Month London Interbank Offered Rate plus 0.36%), Monthly | Goldman Sachs | 9/4/19 | 183,156 | — | — | — | (8,528 | ) | |||||||||||||||||||
| S&P 500 Index | 2.80%(1-Month London Interbank Offered Rate plus 0.38%), Monthly | Goldman Sachs | 10/2/19 | 1,016,219 | — | — | — | (47,301 | ) | |||||||||||||||||||
| S&P 500 Index | 2.65%(1-Month London Interbank Offered Rate plus 0.23%), Monthly | Goldman Sachs | 6/2/20 | 661,724 | — | — | — | (30,866 | ) | |||||||||||||||||||
| S&P 500 Index | 2.77%(1-Month London Interbank Offered Rate plus 0.35%), Monthly | Morgan Stanley & Co. | 10/2/19 | 762,164 | — | — | — | (35,491 | ) | |||||||||||||||||||
| S&P 500 Index | 2.82%(1-Month London Interbank Offered Rate plus 0.40%), Monthly | Morgan Stanley & Co. | 10/2/19 | 1,004,403 | — | — | — | (46,737 | ) | |||||||||||||||||||
| S&P 500 Index | 2.62%(1-Month London Interbank Offered Rate plus 0.20%), Monthly | Morgan Stanley & Co. | 6/2/20 | 94,532 | — | — | — | (4,416 | ) | |||||||||||||||||||
| S&P 500 Index | 2.87%(1-Month London Interbank Offered Rate plus 0.45%), Monthly | Royal Bank of Canada | 11/4/19 | 927,595 | — | — | — | (43,133 | ) | |||||||||||||||||||
| S&P 500 Index | 2.62%(1-Month London Interbank Offered Rate plus 0.20%), Monthly | Royal Bank of Canada | 6/2/20 | 927,595 | — | — | — | (43,463 | ) | |||||||||||||||||||
| $ | 9,299,586 | $ | — | $ | — | $ | — | $ | (433,504 | ) | ||||||||||||||||||
See Notes to Financial Statements.
| 104 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Dynamic Long/Short U.S. Equity Fund(DYLS)
June 30, 2019
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 101.7% | ||||||||
| United States – 101.7% | ||||||||
| Aerospace & Defense – 1.8% | ||||||||
Boeing Co. (The) | 1,453 | $ | 528,906 | |||||
Lockheed Martin Corp. | 2,109 | 766,706 | ||||||
|
| |||||||
| Total Aerospace & Defense | 1,295,612 | |||||||
| Air Freight & Logistics – 2.1% | ||||||||
C.H. Robinson Worldwide, Inc. | 11,819 | 996,933 | ||||||
United Parcel Service, Inc. Class B | 4,946 | 510,773 | ||||||
|
| |||||||
| Total Air Freight & Logistics | 1,507,706 | |||||||
| Automobiles – 0.7% | ||||||||
Harley-Davidson, Inc. | 13,305 | 476,718 | ||||||
| Banks – 3.1% | ||||||||
Comerica, Inc. | 8,427 | 612,137 | ||||||
East West Bancorp, Inc. | 11,921 | 557,545 | ||||||
SVB Financial Group* | 1,523 | 342,051 | ||||||
Western Alliance Bancorp* | 14,548 | 650,587 | ||||||
|
| |||||||
| Total Banks | 2,162,320 | |||||||
| Beverages – 0.7% | ||||||||
Brown-Forman Corp. Class B | 9,358 | 518,714 | ||||||
| Biotechnology – 2.8% | ||||||||
Biogen, Inc.* | 1,613 | 377,232 | ||||||
Gilead Sciences, Inc. | 11,635 | 786,060 | ||||||
Ligand Pharmaceuticals, Inc.* | 2,445 | 279,097 | ||||||
United Therapeutics Corp.* | 6,746 | 526,593 | ||||||
|
| |||||||
| Total Biotechnology | 1,968,982 | |||||||
| Capital Markets – 3.8% | ||||||||
E*TRADE Financial Corp. | 17,602 | 785,049 | ||||||
Franklin Resources, Inc. | 29,301 | 1,019,675 | ||||||
Goldman Sachs Group, Inc. (The) | 4,197 | 858,706 | ||||||
|
| |||||||
| Total Capital Markets | 2,663,430 | |||||||
| Chemicals – 0.6% | ||||||||
Chemours Co. (The) | 18,592 | 446,208 | ||||||
| Communications Equipment – 3.4% | ||||||||
Cisco Systems, Inc. | 16,945 | 927,400 | ||||||
Motorola Solutions, Inc. | 6,685 | 1,114,590 | ||||||
Ubiquiti Networks, Inc. | 2,915 | 383,322 | ||||||
|
| |||||||
| Total Communications Equipment | 2,425,312 | |||||||
| Consumer Finance – 2.4% | ||||||||
Discover Financial Services | 8,734 | 677,671 | ||||||
SLM Corp. | 42,794 | 415,958 | ||||||
Synchrony Financial | 16,703 | 579,093 | ||||||
|
| |||||||
| Total Consumer Finance | 1,672,722 | |||||||
| Diversified Consumer Services – 1.1% | ||||||||
H&R Block, Inc. | 26,970 | 790,221 | ||||||
| Diversified Telecommunication Services – 1.9% | ||||||||
AT&T, Inc. | 15,503 | 519,505 | ||||||
Verizon Communications, Inc. | 14,744 | 842,325 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services | 1,361,830 | |||||||
| Investments | Shares | Value | ||||||
| Electric Utilities – 0.9% | ||||||||
PPL Corp. | 20,779 | $ | 644,357 | |||||
| Electronic Equipment, Instruments & Components – 0.6% |
| |||||||
Vishay Intertechnology, Inc. | 24,821 | 410,043 | ||||||
| Entertainment – 1.8% | ||||||||
Activision Blizzard, Inc. | 15,077 | 711,634 | ||||||
Electronic Arts, Inc.* | 5,381 | 544,880 | ||||||
|
| |||||||
| Total Entertainment | 1,256,514 | |||||||
| Equity Real Estate Investment Trusts (REITs) – 4.0% |
| |||||||
Lexington Realty Trust | 120,415 | 1,133,105 | ||||||
Medical Properties Trust, Inc. | 97,902 | 1,707,411 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) | 2,840,516 | |||||||
| Food Products – 2.9% | ||||||||
Cal-Maine Foods, Inc. | 13,663 | 570,020 | ||||||
Hormel Foods Corp. | 36,524 | 1,480,683 | ||||||
|
| |||||||
| Total Food Products | 2,050,703 | |||||||
| Health Care Equipment & Supplies – 0.7% | ||||||||
Integer Holdings Corp.* | 5,926 | 497,310 | ||||||
| Health Care Providers & Services – 10.7% | ||||||||
AMN Healthcare Services, Inc.* | 12,470 | 676,497 | ||||||
Encompass Health Corp. | 12,879 | 816,013 | ||||||
HCA Healthcare, Inc. | 5,576 | 753,708 | ||||||
Henry Schein, Inc.* | 21,730 | 1,518,927 | ||||||
Laboratory Corp. of America Holdings* | 5,584 | 965,474 | ||||||
MEDNAX, Inc.* | 24,136 | 608,951 | ||||||
Quest Diagnostics, Inc. | 14,516 | 1,477,874 | ||||||
Universal Health Services, Inc. Class B | 5,789 | 754,828 | ||||||
|
| |||||||
| Total Health Care Providers & Services | 7,572,272 | |||||||
| Hotels, Restaurants & Leisure – 2.0% | ||||||||
Cracker Barrel Old Country Store, Inc.(a) | 5,431 | 927,235 | ||||||
Las Vegas Sands Corp. | 8,765 | 517,924 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure | 1,445,159 | |||||||
| Household Products – 2.8% | ||||||||
Clorox Co. (The) | 3,438 | 526,392 | ||||||
Colgate-Palmolive Co. | 6,168 | 442,061 | ||||||
WD-40 Co. | 6,150 | 978,096 | ||||||
|
| |||||||
| Total Household Products | 1,946,549 | |||||||
| Independent Power & Renewable Electricity Producers – 2.3% |
| |||||||
AES Corp. | 36,404 | 610,131 | ||||||
Clearway Energy, Inc. Class C | 61,073 | 1,029,691 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 1,639,822 | ||||||
| Insurance – 0.7% |
| |||||||
American Equity Investment Life Holding Co. | 17,078 | 463,838 | ||||||
| Interactive Media & Services – 3.0% |
| |||||||
Alphabet, Inc. Class A* | 688 | 744,966 | ||||||
Cargurus, Inc.* | 17,486 | 631,420 | ||||||
Facebook, Inc. Class A* | 3,991 | 770,263 | ||||||
|
| |||||||
| Total Interactive Media & Services |
| 2,146,649 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 105 |
Table of Contents
Schedule of Investments(continued)
WisdomTree Dynamic Long/Short U.S. Equity Fund(DYLS)
June 30, 2019
| Investments | Shares | Value | ||||||
| Internet & Direct Marketing Retail – 0.8% |
| |||||||
eBay, Inc. | 15,018 | $ | 593,211 | |||||
| IT Services – 3.6% |
| |||||||
Cognizant Technology Solutions Corp. Class A | 11,727 | 743,375 | ||||||
EPAM Systems, Inc.* | 2,834 | 490,565 | ||||||
Western Union Co. (The) | 66,957 | 1,331,775 | ||||||
|
| |||||||
| Total IT Services |
| 2,565,715 | ||||||
| Leisure Products – 0.7% |
| |||||||
Polaris Industries, Inc. | 5,031 | 458,978 | ||||||
| Machinery – 2.8% |
| |||||||
Cummins, Inc. | 3,599 | 616,653 | ||||||
Fortive Corp. | 8,028 | 654,442 | ||||||
Illinois Tool Works, Inc. | 4,833 | 728,865 | ||||||
|
| |||||||
| Total Machinery |
| 1,999,960 | ||||||
| Media – 4.3% |
| |||||||
Omnicom Group, Inc. | 30,976 | 2,538,483 | ||||||
TEGNA, Inc. | 31,449 | 476,453 | ||||||
|
| |||||||
| Total Media |
| 3,014,936 | ||||||
| Metals & Mining – 1.3% |
| |||||||
Steel Dynamics, Inc. | 30,314 | 915,483 | ||||||
| Multiline Retail – 0.9% |
| |||||||
Nordstrom, Inc. | 18,943 | 603,524 | ||||||
| Oil, Gas & Consumable Fuels – 5.3% |
| |||||||
Anadarko Petroleum Corp. | 16,387 | 1,156,267 | ||||||
Apache Corp. | 12,694 | 367,745 | ||||||
CVR Energy, Inc. | 14,018 | 700,760 | ||||||
Equitrans Midstream Corp.* | 32,383 | 638,269 | ||||||
Occidental Petroleum Corp. | 17,507 | 880,252 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 3,743,293 | ||||||
| Professional Services – 0.6% |
| |||||||
Robert Half International, Inc. | 6,930 | 395,079 | ||||||
| Semiconductors & Semiconductor Equipment – 10.1% |
| |||||||
Applied Materials, Inc. | 11,532 | 517,902 | ||||||
Intel Corp. | 30,155 | 1,443,520 | ||||||
KLA-Tencor Corp. | 4,768 | 563,578 | ||||||
Lam Research Corp. | 2,639 | 495,710 | ||||||
Maxim Integrated Products, Inc. | 12,480 | 746,554 | ||||||
Micron Technology, Inc.* | 9,562 | 368,998 | ||||||
NVIDIA Corp. | 1,597 | 262,275 | ||||||
Skyworks Solutions, Inc. | 10,379 | 801,985 | ||||||
Teradyne, Inc. | 11,774 | 564,092 | ||||||
Texas Instruments, Inc. | 7,727 | 886,750 | ||||||
Xilinx, Inc. | 4,443 | 523,919 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 7,175,283 | ||||||
| Investments | Shares | Value | ||||||
| Software – 5.8% |
| |||||||
Citrix Systems, Inc. | 12,731 | $ | 1,249,420 | |||||
Fortinet, Inc.* | 8,083 | 621,017 | ||||||
Microsoft Corp. | 9,205 | 1,233,102 | ||||||
Oracle Corp. | 18,007 | 1,025,859 | ||||||
|
| |||||||
| Total Software |
| 4,129,398 | ||||||
| Specialty Retail – 2.3% |
| |||||||
Best Buy Co., Inc. | 6,455 | 450,107 | ||||||
Gap, Inc. (The) | 31,357 | 563,485 | ||||||
Williams-Sonoma, Inc. | 9,082 | 590,330 | ||||||
|
| |||||||
| Total Specialty Retail |
| 1,603,922 | ||||||
| Technology Hardware, Storage & Peripherals – 0.6% |
| |||||||
NetApp, Inc. | 7,273 | 448,744 | ||||||
| Textiles, Apparel & Luxury Goods – 1.4% |
| |||||||
Hanesbrands, Inc. | 27,683 | 476,701 | ||||||
Tapestry, Inc. | 17,242 | 547,089 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 1,023,790 | ||||||
| Thrifts & Mortgage Finance – 1.4% |
| |||||||
MGIC Investment Corp.* | 37,065 | 487,034 | ||||||
Radian Group, Inc. | 21,531 | 491,983 | ||||||
|
| |||||||
| Total Thrifts & Mortgage Finance |
| 979,017 | ||||||
| Tobacco – 0.4% |
| |||||||
Philip Morris International, Inc. | 3,618 | 284,122 | ||||||
| Trading Companies & Distributors – 2.6% |
| |||||||
Fastenal Co. | 12,779 | 416,468 | ||||||
MSC Industrial Direct Co., Inc. Class A | 6,419 | 476,675 | ||||||
Watsco, Inc. | 5,718 | 935,064 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 1,828,207 | ||||||
TOTAL COMMON STOCKS (Cost: $73,095,897) |
| 71,966,169 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4% |
| |||||||
| United States – 0.4% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.36%(b) | ||||||||
| (Cost: $280,543)(c) | 280,543 | 280,543 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.1% (Cost: $73,376,440) | 72,246,712 | |||||||
Other Assets less Liabilities – (2.1)% | (1,479,278 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 70,767,434 | ||||||
| * | Non-income producing security . |
| (a) | Security, or portion thereof, was on loan at June 30, 2019 (See Note 2). |
| (b) | Rate shown represents annualized7-day yield as of June 30, 2019. |
| (c) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $274,875 and the total market value of the collateral held by the Fund was $280,543. |
See Notes to Financial Statements.
| 106 | WisdomTree Trust |
Table of Contents
Schedule of Investments(concluded)
WisdomTree Dynamic Long/Short U.S. Equity Fund(DYLS)
June 30, 2019
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| TOTAL RETURN SWAPS – SHORT EXPOSURE TO REFERENCE ENTITY (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Fund Pays Total Return of Reference Entity | Fund Receives Variable Rate (per annum) | Counterparty | Termination Date | Notional Value | Upfront Premiums Paid | Upfront Premiums Received | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||
| S&P 500 Index | 2.57%(1-Month London Interbank Offered Rate plus 0.15%), Monthly | Bank of America Merrill Lynch1 | 6/2/20 | $ | 14,156,167 | $ | — | $ | — | $ | — | $ | (661,737 | ) | ||||||||||||||
| S&P 500 Index | 2.65%(1-Month London Interbank Offered Rate plus 0.23%), Monthly | Citigroup, Inc.2 | 6/2/20 | 14,156,167 | — | — | — | (660,988 | ) | |||||||||||||||||||
| S&P 500 Index | 2.65%(1-Month London Interbank Offered Rate plus 0.23%), Monthly | Goldman Sachs | 6/2/20 | 14,156,167 | — | — | — | (660,314 | ) | |||||||||||||||||||
| S&P 500 Index | 2.62%(1-Month London Interbank Offered Rate plus 0.20%), Monthly | Morgan Stanley & Co. | 6/2/20 | 14,156,167 | — | — | — | (661,269 | ) | |||||||||||||||||||
| S&P 500 Index | 2.62%(1-Month London Interbank Offered Rate plus 0.20%), Monthly | Royal Bank of Canada3 | 6/2/20 | 14,150,259 | — | — | — | (663,016 | ) | |||||||||||||||||||
| S&P 500 Index | 2.42%(1-Month London Interbank Offered Rate), Monthly | UBS AG4 | 6/2/20 | 2,351,484 | — | — | — | (105,750 | ) | |||||||||||||||||||
| $ | 73,126,411 | $ | — | $ | — | $ | — | $ | (3,413,074 | ) | ||||||||||||||||||
| 1 | As of June 30, 2019, the Fund posted $560,000 of cash collateral to the counterparty, Bank of America Merrill Lynch, for swap contracts. |
| 2 | As of June 30, 2019, the Fund posted $560,000 of cash collateral to the counterparty, Citigroup Inc., for swap contracts. |
| 3 | As of June 30, 2019, the Fund posted $560,000 of cash collateral to the counterparty, Royal Bank of Canada, for swap contracts. |
| 4 | As of June 30, 2019, the Fund posted $500,000 of cash collateral to the counterparty, UBS AG, for swap contracts. |
See Notes to Financial Statements.
| WisdomTree Trust | 107 |
Table of Contents
Schedule of Investments
WisdomTree 90/60 U.S. Balanced Fund(NTSX)
June 30, 2019
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 90.4% | ||||||||
| Argentina – 0.1% | ||||||||
| Internet & Direct Marketing Retail – 0.1% | ||||||||
MercadoLibre, Inc.* | 6 | $ | 3,671 | |||||
| China – 0.1% | ||||||||
| Hotels, Restaurants & Leisure – 0.1% | ||||||||
Yum China Holdings, Inc. | 83 | 3,834 | ||||||
| Israel – 0.1% | �� | |||||||
| Software – 0.1% | ||||||||
Check Point Software Technologies Ltd.* | 30 | 3,468 | ||||||
| Netherlands – 0.1% | ||||||||
| Semiconductors & Semiconductor Equipment – 0.1% | ||||||||
NXP Semiconductors N.V. | 64 | 6,247 | ||||||
| Peru – 0.0% | ||||||||
| Banks – 0.0% | ||||||||
Credicorp Ltd. | 2 | 458 | ||||||
| Russia – 0.1% | ||||||||
| Interactive Media & Services – 0.1% | ||||||||
Yandex N.V. Class A* | 84 | 3,192 | ||||||
| United Kingdom – 0.4% | ||||||||
| Beverages – 0.0% | ||||||||
Coca-Cola European Partners PLC | 45 | 2,542 | ||||||
| Chemicals – 0.3% | ||||||||
Linde PLC | 96 | 19,277 | ||||||
| Energy Equipment & Services – 0.1% | ||||||||
TechnipFMC PLC | 188 | 4,877 | ||||||
| Total United Kingdom | 26,696 | |||||||
| United States – 89.5% | ||||||||
| Aerospace & Defense – 2.3% | ||||||||
Arconic, Inc. | 84 | 2,169 | ||||||
Boeing Co. (The) | 112 | 40,769 | ||||||
General Dynamics Corp. | 44 | 8,000 | ||||||
Harris Corp. | 18 | 3,404 | ||||||
L3 Technologies, Inc. | 14 | 3,432 | ||||||
Lockheed Martin Corp. | 50 | 18,177 | ||||||
Northrop Grumman Corp. | 32 | 10,340 | ||||||
Raytheon Co. | 52 | 9,042 | ||||||
Textron, Inc. | 46 | 2,440 | ||||||
TransDigm Group, Inc.* | 8 | 3,870 | ||||||
United Technologies Corp. | 183 | 23,827 | ||||||
|
| |||||||
| Total Aerospace & Defense | 125,470 | |||||||
| Air Freight & Logistics – 0.4% | ||||||||
C.H. Robinson Worldwide, Inc. | 32 | 2,699 | ||||||
Expeditors International of Washington, Inc. | 30 | 2,276 | ||||||
FedEx Corp. | 22 | 3,612 | ||||||
United Parcel Service, Inc. Class B | 147 | 15,181 | ||||||
|
| |||||||
| Total Air Freight & Logistics | 23,768 | |||||||
| Airlines – 0.3% | ||||||||
Delta Air Lines, Inc. | 132 | 7,491 | ||||||
Southwest Airlines Co. | 86 | 4,367 | ||||||
| Investments | Shares | Value | ||||||
United Continental Holdings, Inc.* | 48 | $ | 4,202 | |||||
|
| |||||||
| Total Airlines | 16,060 | |||||||
| Auto Components – 0.1% | ||||||||
Aptiv PLC | 50 | 4,042 | ||||||
| Automobiles – 0.4% | ||||||||
Ford Motor Co. | 746 | 7,632 | ||||||
General Motors Co. | 213 | 8,207 | ||||||
Tesla, Inc.* | 20 | 4,469 | ||||||
|
| |||||||
| Total Automobiles | 20,308 | |||||||
| Banks – 5.0% | ||||||||
Bank of America Corp. | 1,840 | 53,360 | ||||||
BB&T Corp. | 167 | 8,205 | ||||||
Citigroup, Inc. | 485 | 33,964 | ||||||
Citizens Financial Group, Inc. | 108 | 3,819 | ||||||
Comerica, Inc. | 25 | 1,816 | ||||||
Fifth Third Bancorp | 156 | 4,352 | ||||||
First Republic Bank | 9 | 879 | ||||||
Huntington Bancshares, Inc. | 258 | 3,566 | ||||||
JPMorgan Chase & Co. | 684 | 76,471 | ||||||
KeyCorp | 264 | 4,686 | ||||||
M&T Bank Corp. | 26 | 4,422 | ||||||
PNC Financial Services Group, Inc. (The) | 90 | 12,355 | ||||||
Regions Financial Corp. | 236 | 3,526 | ||||||
SunTrust Banks, Inc. | 69 | 4,337 | ||||||
SVB Financial Group* | 10 | 2,246 | ||||||
U.S. Bancorp | 320 | 16,768 | ||||||
Wells Fargo & Co. | 783 | 37,051 | ||||||
|
| |||||||
| Total Banks | 271,823 | |||||||
| Beverages – 1.8% | ||||||||
Brown-Forman Corp. Class B | 57 | 3,160 | ||||||
Coca-Cola Co. (The) | 788 | 40,125 | ||||||
Constellation Brands, Inc. Class A | 32 | 6,302 | ||||||
Molson Coors Brewing Co. Class B | 38 | 2,128 | ||||||
Monster Beverage Corp.* | 82 | 5,234 | ||||||
PepsiCo, Inc. | 293 | 38,421 | ||||||
|
| |||||||
| Total Beverages | 95,370 | |||||||
| Biotechnology – 1.9% | ||||||||
AbbVie, Inc. | 245 | 17,817 | ||||||
Alexion Pharmaceuticals, Inc.* | 32 | 4,191 | ||||||
Amgen, Inc. | 116 | 21,377 | ||||||
Biogen, Inc.* | 36 | 8,419 | ||||||
BioMarin Pharmaceutical, Inc.* | 24 | 2,056 | ||||||
Celgene Corp.* | 144 | 13,311 | ||||||
Exact Sciences Corp.* | 21 | 2,479 | ||||||
Gilead Sciences, Inc. | 252 | 17,025 | ||||||
Incyte Corp.* | 40 | 3,398 | ||||||
Regeneron Pharmaceuticals, Inc.* | 14 | 4,382 | ||||||
Vertex Pharmaceuticals, Inc.* | 36 | 6,602 | ||||||
|
| |||||||
| Total Biotechnology |
| 101,057 | ||||||
See Notes to Financial Statements.
| 108 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree 90/60 U.S. Balanced Fund(NTSX)
June 30, 2019
| Investments | Shares | Value | ||||||
| Building Products – 0.2% |
| |||||||
Johnson Controls International PLC | 212 | $ | 8,758 | |||||
Masco Corp. | 72 | 2,825 | ||||||
|
| |||||||
| Total Building Products |
| 11,583 | ||||||
| Capital Markets – 2.4% |
| |||||||
Ameriprise Financial, Inc. | 30 | 4,355 | ||||||
Bank of New York Mellon Corp. (The) | 174 | 7,682 | ||||||
BlackRock, Inc. | 24 | 11,263 | ||||||
Charles Schwab Corp. (The) | 215 | 8,641 | ||||||
CME Group, Inc. | 61 | 11,841 | ||||||
E*TRADE Financial Corp. | 46 | 2,052 | ||||||
Franklin Resources, Inc. | 70 | 2,436 | ||||||
Goldman Sachs Group, Inc. (The) | 76 | 15,550 | ||||||
Intercontinental Exchange, Inc. | 110 | 9,453 | ||||||
Moody’s Corp. | 38 | 7,422 | ||||||
Morgan Stanley | 261 | 11,434 | ||||||
MSCI, Inc. | 22 | 5,253 | ||||||
Northern Trust Corp. | 44 | 3,960 | ||||||
Raymond James Financial, Inc. | 28 | 2,367 | ||||||
S&P Global, Inc. | 50 | 11,390 | ||||||
State Street Corp. | 91 | 5,101 | ||||||
T. Rowe Price Group, Inc. | 44 | 4,827 | ||||||
TD Ameritrade Holding Corp. | 87 | 4,343 | ||||||
|
| |||||||
| Total Capital Markets |
| 129,370 | ||||||
| Chemicals – 1.1% |
| |||||||
Air Products & Chemicals, Inc. | 42 | 9,508 | ||||||
Albemarle Corp. | 23 | 1,619 | ||||||
Celanese Corp. | 34 | 3,665 | ||||||
DuPont de Nemours, Inc. | 145 | 10,885 | ||||||
Ecolab, Inc. | 53 | 10,464 | ||||||
FMC Corp. | 32 | 2,654 | ||||||
International Flavors & Fragrances, Inc. | 16 | 2,322 | ||||||
LyondellBasell Industries N.V. Class A | 72 | 6,201 | ||||||
Mosaic Co. (The) | 53 | 1,327 | ||||||
PPG Industries, Inc. | 48 | 5,602 | ||||||
Sherwin-Williams Co. (The) | 16 | 7,333 | ||||||
|
| |||||||
| Total Chemicals |
| 61,580 | ||||||
| Commercial Services & Supplies – 0.4% |
| |||||||
Cintas Corp. | 19 | 4,509 | ||||||
Copart, Inc.* | 80 | 5,979 | ||||||
Republic Services, Inc. | 49 | 4,245 | ||||||
Waste Management, Inc. | 78 | 8,999 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 23,732 | ||||||
| Communications Equipment – 1.1% |
| |||||||
Arista Networks, Inc.* | 8 | 2,077 | ||||||
Cisco Systems, Inc. | 924 | 50,571 | ||||||
Juniper Networks, Inc. | 155 | 4,128 | ||||||
Motorola Solutions, Inc. | 28 | 4,668 | ||||||
|
| |||||||
| Total Communications Equipment |
| 61,444 | ||||||
| Investments | Shares | Value | ||||||
| Construction & Engineering – 0.1% |
| |||||||
Jacobs Engineering Group, Inc. | 38 | $ | 3,207 | |||||
| Construction Materials – 0.1% |
| |||||||
Martin Marietta Materials, Inc. | 14 | 3,221 | ||||||
Vulcan Materials Co. | 22 | 3,021 | ||||||
|
| |||||||
| Total Construction Materials |
| 6,242 | ||||||
| Consumer Finance – 0.7% |
| |||||||
Ally Financial, Inc. | 58 | 1,797 | ||||||
American Express Co. | 151 | 18,640 | ||||||
Capital One Financial Corp. | 86 | 7,804 | ||||||
Discover Financial Services | 78 | 6,052 | ||||||
Synchrony Financial | 100 | 3,467 | ||||||
|
| |||||||
| Total Consumer Finance |
| 37,760 | ||||||
| Containers & Packaging – 0.2% |
| |||||||
Avery Dennison Corp. | 12 | 1,388 | ||||||
Ball Corp. | 86 | 6,019 | ||||||
International Paper Co. | 118 | 5,112 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 12,519 | ||||||
| Distributors – 0.1% |
| |||||||
Genuine Parts Co. | 12 | 1,243 | ||||||
LKQ Corp.* | 114 | 3,033 | ||||||
|
| |||||||
| Total Distributors |
| 4,276 | ||||||
| Diversified Financial Services – 1.5% |
| |||||||
Berkshire Hathaway, Inc. Class B* | 390 | 83,136 | ||||||
| Diversified Telecommunication Services – 1.8% |
| |||||||
AT&T, Inc. | 1,426 | 47,785 | ||||||
CenturyLink, Inc. | 141 | 1,658 | ||||||
Verizon Communications, Inc. | 833 | 47,590 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 97,033 | ||||||
| Electric Utilities – 1.8% |
| |||||||
Alliant Energy Corp. | 93 | 4,564 | ||||||
American Electric Power Co., Inc. | 88 | 7,745 | ||||||
Duke Energy Corp. | 140 | 12,354 | ||||||
Edison International | 58 | 3,910 | ||||||
Entergy Corp. | 60 | 6,176 | ||||||
Evergy, Inc. | 48 | 2,887 | ||||||
Eversource Energy | 54 | 4,091 | ||||||
Exelon Corp. | 167 | 8,006 | ||||||
FirstEnergy Corp. | 98 | 4,195 | ||||||
NextEra Energy, Inc. | 84 | 17,208 | ||||||
Pinnacle West Capital Corp. | 45 | 4,234 | ||||||
PPL Corp. | 158 | 4,900 | ||||||
Southern Co. (The) | 219 | 12,106 | ||||||
Xcel Energy, Inc. | 86 | 5,116 | ||||||
|
| |||||||
| Total Electric Utilities |
| 97,492 | ||||||
| Electrical Equipment – 0.4% |
| |||||||
AMETEK, Inc. | 44 | 3,997 | ||||||
Eaton Corp. PLC | 80 | 6,662 | ||||||
Emerson Electric Co. | 122 | 8,140 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 109 |
Table of Contents
Schedule of Investments(continued)
WisdomTree 90/60 U.S. Balanced Fund(NTSX)
June 30, 2019
| Investments | Shares | Value | ||||||
Rockwell Automation, Inc. | 24 | $ | 3,932 | |||||
|
| |||||||
| Total Electrical Equipment |
| 22,731 | ||||||
| Electronic Equipment, Instruments & Components – 0.3% |
| |||||||
Amphenol Corp. Class A | 45 | 4,317 | ||||||
CDW Corp. | 5 | 555 | ||||||
Corning, Inc. | 162 | 5,383 | ||||||
Keysight Technologies, Inc.* | 24 | 2,156 | ||||||
TE Connectivity Ltd. | 68 | 6,513 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 18,924 | ||||||
| Energy Equipment & Services – 0.4% |
| |||||||
Baker Hughes a GE Co. | 146 | 3,596 | ||||||
Halliburton Co. | 164 | 3,729 | ||||||
National Oilwell Varco, Inc. | 33 | 734 | ||||||
Schlumberger Ltd. | 290 | 11,525 | ||||||
|
| |||||||
| Total Energy Equipment & Services |
| 19,584 | ||||||
| Entertainment – 1.7% |
| |||||||
Activision Blizzard, Inc. | 72 | 3,398 | ||||||
Electronic Arts, Inc.* | 62 | 6,278 | ||||||
Netflix, Inc.* | 75 | 27,549 | ||||||
Spotify Technology S.A.* | 3 | 439 | ||||||
Take-Two Interactive Software, Inc.* | 20 | 2,271 | ||||||
Walt Disney Co. (The) | 385 | 53,761 | ||||||
|
| |||||||
| Total Entertainment |
| 93,696 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 2.7% |
| |||||||
Alexandria Real Estate Equities, Inc. | 5 | 705 | ||||||
American Tower Corp. | 88 | 17,992 | ||||||
AvalonBay Communities, Inc. | 28 | 5,689 | ||||||
Boston Properties, Inc. | 9 | 1,161 | ||||||
Camden Property Trust | 40 | 4,176 | ||||||
Crown Castle International Corp. | 78 | 10,167 | ||||||
Digital Realty Trust, Inc. | 38 | 4,476 | ||||||
Equinix, Inc. | 15 | 7,564 | ||||||
Equity Residential | 70 | 5,314 | ||||||
Essex Property Trust, Inc. | 4 | 1,168 | ||||||
Extra Space Storage, Inc. | 42 | 4,456 | ||||||
HCP, Inc. | 16 | 512 | ||||||
Host Hotels & Resorts, Inc. | 204 | 3,717 | ||||||
Invitation Homes, Inc. | 101 | 2,700 | ||||||
Mid-America Apartment Communities, Inc. | 4 | 471 | ||||||
Prologis, Inc. | 134 | 10,733 | ||||||
Public Storage | 30 | 7,145 | ||||||
Realty Income Corp. | 87 | 6,000 | ||||||
Regency Centers Corp. | 48 | 3,204 | ||||||
SBA Communications Corp.* | 32 | 7,195 | ||||||
Simon Property Group, Inc. | 64 | 10,225 | ||||||
Sun Communities, Inc. | 20 | 2,564 | ||||||
UDR, Inc. | 62 | 2,783 | ||||||
Ventas, Inc. | 76 | 5,195 | ||||||
VICI Properties, Inc. | 183 | 4,033 | ||||||
Vornado Realty Trust | 44 | 2,820 | ||||||
W.P. Carey, Inc. | 6 | 487 | ||||||
Welltower, Inc. | 104 | 8,479 | ||||||
| Investments | Shares | Value | ||||||
Weyerhaeuser Co. | 172 | $ | 4,531 | |||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 145,662 | ||||||
| Food & Staples Retailing – 1.4% |
| |||||||
Costco Wholesale Corp. | 84 | 22,198 | ||||||
Kroger Co. (The) | 123 | 2,670 | ||||||
Sysco Corp. | 100 | 7,072 | ||||||
Walgreens Boots Alliance, Inc. | 168 | 9,185 | ||||||
Walmart, Inc. | 299 | 33,036 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 74,161 | ||||||
| Food Products – 0.9% |
| |||||||
Archer-Daniels-Midland Co. | 106 | 4,325 | ||||||
Conagra Brands, Inc. | 89 | 2,360 | ||||||
General Mills, Inc. | 131 | 6,880 | ||||||
Hershey Co. (The) | 30 | 4,021 | ||||||
Hormel Foods Corp. | 55 | 2,230 | ||||||
J.M. Smucker Co. (The) | 20 | 2,304 | ||||||
Kellogg Co. | 33 | 1,768 | ||||||
Kraft Heinz Co. (The) | 9 | 279 | ||||||
Lamb Weston Holdings, Inc. | 50 | 3,168 | ||||||
McCormick & Co., Inc.Non-Voting Shares | 20 | 3,100 | ||||||
Mondelez International, Inc. Class A | 290 | 15,631 | ||||||
Tyson Foods, Inc. Class A | 48 | 3,875 | ||||||
|
| |||||||
| Total Food Products |
| 49,941 | ||||||
| Gas Utilities – 0.1% |
| |||||||
Atmos Energy Corp. | 5 | 528 | ||||||
UGI Corp. | 74 | 3,952 | ||||||
|
| |||||||
| Total Gas Utilities |
| 4,480 | ||||||
| Health Care Equipment & Supplies – 3.0% |
| |||||||
Abbott Laboratories | 362 | 30,444 | ||||||
ABIOMED, Inc.* | 8 | 2,084 | ||||||
Align Technology, Inc.* | 14 | 3,832 | ||||||
Baxter International, Inc. | 118 | 9,664 | ||||||
Becton, Dickinson and Co. | 44 | 11,088 | ||||||
Boston Scientific Corp.* | 256 | 11,003 | ||||||
Cooper Cos., Inc. (The) | 8 | 2,695 | ||||||
Danaher Corp. | 125 | 17,865 | ||||||
DexCom, Inc.* | 8 | 1,199 | ||||||
Edwards Lifesciences Corp.* | 39 | 7,205 | ||||||
IDEXX Laboratories, Inc.* | 14 | 3,855 | ||||||
Intuitive Surgical, Inc.* | 18 | 9,442 | ||||||
Medtronic PLC | 295 | 28,730 | ||||||
ResMed, Inc. | 8 | 976 | ||||||
STERIS PLC | 34 | 5,062 | ||||||
Stryker Corp. | 57 | 11,718 | ||||||
Varian Medical Systems, Inc.* | 16 | 2,178 | ||||||
Zimmer Biomet Holdings, Inc. | 40 | 4,710 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 163,750 | ||||||
| Health Care Providers & Services – 2.3% |
| |||||||
AmerisourceBergen Corp. | 30 | 2,558 | ||||||
Anthem, Inc. | 46 | 12,982 | ||||||
Cardinal Health, Inc. | 68 | 3,203 | ||||||
See Notes to Financial Statements.
| 110 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree 90/60 U.S. Balanced Fund(NTSX)
June 30, 2019
| Investments | Shares | Value | ||||||
Centene Corp.* | 68 | $ | 3,566 | |||||
Cigna Corp. | 70 | 11,028 | ||||||
CVS Health Corp. | 273 | 14,876 | ||||||
HCA Healthcare, Inc. | 54 | 7,299 | ||||||
Henry Schein, Inc.* | 31 | 2,167 | ||||||
Humana, Inc. | 23 | 6,102 | ||||||
Laboratory Corp. of America Holdings* | 18 | 3,112 | ||||||
McKesson Corp. | 40 | 5,375 | ||||||
Quest Diagnostics, Inc. | 27 | 2,749 | ||||||
UnitedHealth Group, Inc. | 176 | 42,946 | ||||||
Universal Health Services, Inc. Class B | 17 | 2,217 | ||||||
WellCare Health Plans, Inc.* | 7 | 1,995 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 122,175 | ||||||
| Health Care Technology – 0.2% |
| |||||||
Cerner Corp. | 82 | 6,011 | ||||||
Veeva Systems, Inc. Class A* | 23 | 3,728 | ||||||
|
| |||||||
| Total Health Care Technology |
| 9,739 | ||||||
| Hotels, Restaurants & Leisure – 1.9% |
| |||||||
Carnival Corp. | 69 | 3,212 | ||||||
Chipotle Mexican Grill, Inc.* | 6 | 4,397 | ||||||
Darden Restaurants, Inc. | 20 | 2,435 | ||||||
Domino’s Pizza, Inc. | 8 | 2,226 | ||||||
Hilton Worldwide Holdings, Inc. | 62 | 6,060 | ||||||
Las Vegas Sands Corp. | 62 | 3,663 | ||||||
Marriott International, Inc. Class A | 70 | 9,820 | ||||||
McDonald’s Corp. | 155 | 32,187 | ||||||
MGM Resorts International | 100 | 2,857 | ||||||
Norwegian Cruise Line Holdings Ltd.* | 36 | 1,931 | ||||||
Royal Caribbean Cruises Ltd. | 32 | 3,879 | ||||||
Starbucks Corp. | 278 | 23,305 | ||||||
Wynn Resorts Ltd. | 10 | 1,240 | ||||||
Yum! Brands, Inc. | 61 | 6,751 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 103,963 | ||||||
| Household Durables – 0.1% |
| |||||||
D.R. Horton, Inc. | 66 | 2,846 | ||||||
Lennar Corp. Class A | 56 | 2,714 | ||||||
|
| |||||||
| Total Household Durables |
| 5,560 | ||||||
| Household Products – 1.6% |
| |||||||
Church & Dwight Co., Inc. | 48 | 3,507 | ||||||
Clorox Co. (The) | 25 | 3,828 | ||||||
Colgate-Palmolive Co. | 167 | 11,969 | ||||||
Kimberly-Clark Corp. | 67 | 8,930 | ||||||
Procter & Gamble Co. (The) | 525 | 57,566 | ||||||
|
| |||||||
| Total Household Products |
| 85,800 | ||||||
| Independent Power & Renewable Electricity Producers – 0.1% |
| |||||||
NRG Energy, Inc. | 90 | 3,161 | ||||||
Vistra Energy Corp. | 146 | 3,305 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 6,466 | ||||||
| Industrial Conglomerates – 1.3% |
| |||||||
3M Co. | 115 | 19,934 | ||||||
General Electric Co. | 1,660 | 17,430 | ||||||
| Investments | Shares | Value | ||||||
Honeywell International, Inc. | 166 | $ | 28,982 | |||||
Roper Technologies, Inc. | 18 | 6,593 | ||||||
|
| |||||||
| Total Industrial Conglomerates |
| 72,939 | ||||||
| Insurance – 2.4% |
| |||||||
Aflac, Inc. | 186 | 10,195 | ||||||
Allstate Corp. (The) | 74 | 7,525 | ||||||
American International Group, Inc. | 196 | 10,443 | ||||||
Aon PLC | 48 | 9,263 | ||||||
Arch Capital Group Ltd.* | 75 | 2,781 | ||||||
Arthur J. Gallagher & Co. | 32 | 2,803 | ||||||
Chubb Ltd. | 87 | 12,814 | ||||||
Cincinnati Financial Corp. | 28 | 2,903 | ||||||
Fidelity National Financial, Inc. | 56 | 2,257 | ||||||
Hartford Financial Services Group, Inc. (The) | 72 | 4,012 | ||||||
Lincoln National Corp. | 52 | 3,351 | ||||||
Loews Corp. | 15 | 820 | ||||||
Markel Corp.* | 4 | 4,358 | ||||||
Marsh & McLennan Cos., Inc. | 97 | 9,676 | ||||||
MetLife, Inc. | 190 | 9,437 | ||||||
Principal Financial Group, Inc. | 40 | 2,317 | ||||||
Progressive Corp. (The) | 118 | 9,432 | ||||||
Prudential Financial, Inc. | 82 | 8,282 | ||||||
Reinsurance Group of America, Inc. | 5 | 780 | ||||||
Torchmark Corp. | 49 | 4,384 | ||||||
Travelers Cos., Inc. (The) | 52 | 7,775 | ||||||
Willis Towers Watson PLC | 23 | 4,405 | ||||||
|
| |||||||
| Total Insurance |
| 130,013 | ||||||
| Interactive Media & Services – 4.3% |
| |||||||
Alphabet, Inc. Class A* | 56 | 60,637 | ||||||
Alphabet, Inc. Class C* | 61 | 65,936 | ||||||
Facebook, Inc. Class A* | 495 | 95,535 | ||||||
IAC/InterActiveCorp* | 14 | 3,045 | ||||||
Snap, Inc. Class A* | 134 | 1,916 | ||||||
Twitter, Inc.* | 176 | 6,142 | ||||||
|
| |||||||
| Total Interactive Media & Services |
| 233,211 | ||||||
| Internet & Direct Marketing Retail – 3.3% |
| |||||||
Amazon.com, Inc.* | 82 | 155,277 | ||||||
Booking Holdings, Inc.* | 8 | 14,998 | ||||||
eBay, Inc. | 211 | 8,334 | ||||||
Expedia Group, Inc. | 22 | 2,927 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 181,536 | ||||||
| IT Services – 5.0% |
| |||||||
Accenture PLC Class A | 127 | 23,466 | ||||||
Akamai Technologies, Inc.* | 30 | 2,404 | ||||||
Alliance Data Systems Corp. | 5 | 701 | ||||||
Automatic Data Processing, Inc. | 84 | 13,888 | ||||||
Broadridge Financial Solutions, Inc. | 20 | 2,554 | ||||||
Cognizant Technology Solutions Corp. Class A | 143 | 9,065 | ||||||
DXC Technology Co. | 27 | 1,489 | ||||||
Fidelity National Information Services, Inc. | 60 | 7,361 | ||||||
First Data Corp. Class A* | 114 | 3,086 | ||||||
Fiserv, Inc.* | 80 | 7,293 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 111 |
Table of Contents
Schedule of Investments(continued)
WisdomTree 90/60 U.S. Balanced Fund(NTSX)
June 30, 2019
| Investments | Shares | Value | ||||||
FleetCor Technologies, Inc.* | 16 | $ | 4,494 | |||||
Gartner, Inc.* | 15 | 2,414 | ||||||
Global Payments, Inc. | 24 | 3,843 | ||||||
GoDaddy, Inc. Class A* | 34 | 2,385 | ||||||
International Business Machines Corp. | 175 | 24,132 | ||||||
MasterCard, Inc. Class A | 180 | 47,615 | ||||||
Paychex, Inc. | 74 | 6,089 | ||||||
PayPal Holdings, Inc.* | 226 | 25,868 | ||||||
Square, Inc. Class A* | 77 | 5,585 | ||||||
Total System Services, Inc. | 44 | 5,644 | ||||||
Twilio, Inc. Class A* | 18 | 2,454 | ||||||
VeriSign, Inc.* | 20 | 4,183 | ||||||
Visa, Inc. Class A | 348 | 60,395 | ||||||
Worldpay, Inc. Class A* | 50 | 6,128 | ||||||
|
| |||||||
| Total IT Services |
| 272,536 | ||||||
| Leisure Products – 0.0% |
| |||||||
Hasbro, Inc. | 22 | 2,325 | ||||||
| Life Sciences Tools & Services – 0.9% |
| |||||||
Agilent Technologies, Inc. | 84 | 6,272 | ||||||
Illumina, Inc.* | 21 | 7,731 | ||||||
IQVIA Holdings, Inc.* | 32 | 5,149 | ||||||
Mettler-Toledo International, Inc.* | 3 | 2,520 | ||||||
Thermo Fisher Scientific, Inc. | 78 | 22,907 | ||||||
Waters Corp.* | 14 | 3,014 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 47,593 | ||||||
| Machinery – 1.4% |
| |||||||
Caterpillar, Inc. | 123 | 16,764 | ||||||
Cummins, Inc. | 32 | 5,483 | ||||||
Deere & Co. | 56 | 9,280 | ||||||
Dover Corp. | 28 | 2,806 | ||||||
Fortive Corp. | 48 | 3,913 | ||||||
Illinois Tool Works, Inc. | 60 | 9,049 | ||||||
Ingersoll-Rand PLC | 48 | 6,080 | ||||||
PACCAR, Inc. | 72 | 5,159 | ||||||
Parker-Hannifin Corp. | 26 | 4,420 | ||||||
Snap-on, Inc. | 12 | 1,988 | ||||||
Stanley Black & Decker, Inc. | 28 | 4,049 | ||||||
Wabtec Corp. | 45 | 3,229 | ||||||
Xylem, Inc. | 35 | 2,927 | ||||||
|
| |||||||
| Total Machinery |
| 75,147 | ||||||
| Media – 1.4% |
| |||||||
CBS Corp. Class BNon-Voting Shares | 58 | 2,894 | ||||||
Charter Communications, Inc. Class A* | 34 | 13,436 | ||||||
Comcast Corp. Class A | 906 | 38,306 | ||||||
Discovery, Inc. Class C* | 67 | 1,906 | ||||||
Fox Corp. Class A | 134 | 4,910 | ||||||
Liberty Broadband Corp. Class C* | 49 | 5,107 | ||||||
Liberty Global PLC Class C* | 106 | 2,812 | ||||||
Omnicom Group, Inc. | 48 | 3,933 | ||||||
|
| |||||||
| Total Media |
| 73,304 | ||||||
| Investments | Shares | Value | ||||||
| Metals & Mining – 0.2% |
| |||||||
Freeport-McMoRan, Inc. | 278 | $ | 3,227 | |||||
Newmont Goldcorp Corp. | 172 | 6,617 | ||||||
Nucor Corp. | 58 | 3,196 | ||||||
|
| |||||||
| Total Metals & Mining |
| 13,040 | ||||||
| Mortgage Real Estate Investment Trusts (REITs) – 0.0% |
| |||||||
AGNC Investment Corp. | 32 | 538 | ||||||
Annaly Capital Management, Inc. | 46 | 420 | ||||||
|
| |||||||
| Total Mortgage Real Estate Investment Trusts (REITs) |
| 958 | ||||||
| Multi-Utilities – 0.9% |
| |||||||
Ameren Corp. | 34 | 2,554 | ||||||
CenterPoint Energy, Inc. | 17 | 487 | ||||||
CMS Energy Corp. | 88 | 5,096 | ||||||
Consolidated Edison, Inc. | 80 | 7,014 | ||||||
Dominion Energy, Inc. | 130 | 10,052 | ||||||
DTE Energy Co. | 28 | 3,581 | ||||||
NiSource, Inc. | 99 | 2,851 | ||||||
Public Service Enterprise Group, Inc. | 71 | 4,176 | ||||||
Sempra Energy | 42 | 5,772 | ||||||
WEC Energy Group, Inc. | 88 | 7,337 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 48,920 | ||||||
| Multiline Retail – 0.4% |
| |||||||
Dollar General Corp. | 42 | 5,677 | ||||||
Dollar Tree, Inc.* | 52 | 5,584 | ||||||
Kohl’s Corp. | 10 | 476 | ||||||
Target Corp. | 99 | 8,574 | ||||||
|
| |||||||
| Total Multiline Retail |
| 20,311 | ||||||
| Oil, Gas & Consumable Fuels – 4.1% |
| |||||||
Anadarko Petroleum Corp. | 123 | 8,679 | ||||||
Apache Corp. | 35 | 1,014 | ||||||
Cheniere Energy, Inc.* | 62 | 4,244 | ||||||
Chevron Corp. | 398 | 49,527 | ||||||
Concho Resources, Inc. | 30 | 3,095 | ||||||
ConocoPhillips | 229 | 13,969 | ||||||
Devon Energy Corp. | 116 | 3,308 | ||||||
Diamondback Energy, Inc. | 18 | 1,962 | ||||||
EOG Resources, Inc. | 85 | 7,919 | ||||||
Exxon Mobil Corp. | 873 | 66,898 | ||||||
Hess Corp. | 54 | 3,433 | ||||||
Kinder Morgan, Inc. | 372 | 7,767 | ||||||
Marathon Oil Corp. | 138 | 1,961 | ||||||
Marathon Petroleum Corp. | 155 | 8,661 | ||||||
Noble Energy, Inc. | 61 | 1,366 | ||||||
Occidental Petroleum Corp. | 69 | 3,469 | ||||||
ONEOK, Inc. | 100 | 6,881 | ||||||
Phillips 66 | 70 | 6,548 | ||||||
Pioneer Natural Resources Co. | 30 | 4,616 | ||||||
Targa Resources Corp. | 70 | 2,748 | ||||||
Valero Energy Corp. | 85 | 7,277 | ||||||
Williams Cos., Inc. (The) | 237 | 6,646 | ||||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 221,988 | ||||||
See Notes to Financial Statements.
| 112 | WisdomTree Trust |
Table of Contents
Schedule of Investments(continued)
WisdomTree 90/60 U.S. Balanced Fund(NTSX)
June 30, 2019
| Investments | Shares | Value | ||||||
| Personal Products – 0.1% |
| |||||||
Estee Lauder Cos., Inc. (The) Class A | 40 | $ | 7,324 | |||||
| Pharmaceuticals – 4.2% |
| |||||||
Allergan PLC | 68 | 11,385 | ||||||
Bristol-Myers Squibb Co. | 301 | 13,651 | ||||||
Eli Lilly & Co. | 190 | 21,050 | ||||||
Johnson & Johnson | 565 | 78,693 | ||||||
Merck & Co., Inc. | 519 | 43,518 | ||||||
Mylan N.V.* | 95 | 1,809 | ||||||
Pfizer, Inc. | 1,109 | 48,042 | ||||||
Zoetis, Inc. | 96 | 10,895 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 229,043 | ||||||
| Professional Services – 0.3% |
| |||||||
CoStar Group, Inc.* | 4 | 2,216 | ||||||
Equifax, Inc. | 18 | 2,435 | ||||||
IHS Markit Ltd.* | 76 | 4,843 | ||||||
TransUnion | 22 | 1,617 | ||||||
Verisk Analytics, Inc. | 33 | 4,833 | ||||||
|
| |||||||
| Total Professional Services |
| 15,944 | ||||||
| Real Estate Management & Development – 0.1% |
| |||||||
CBRE Group, Inc. Class A* | 64 | 3,283 | ||||||
| Road & Rail – 1.0% |
| |||||||
CSX Corp. | 178 | 13,772 | ||||||
Kansas City Southern | 18 | 2,193 | ||||||
Norfolk Southern Corp. | 58 | 11,561 | ||||||
Old Dominion Freight Line, Inc. | 11 | 1,642 | ||||||
Union Pacific Corp. | 148 | 25,028 | ||||||
|
| |||||||
| Total Road & Rail |
| 54,196 | ||||||
| Semiconductors & Semiconductor Equipment – 3.3% |
| |||||||
Advanced Micro Devices, Inc.* | 208 | 6,317 | ||||||
Analog Devices, Inc. | 86 | 9,707 | ||||||
Applied Materials, Inc. | 195 | 8,757 | ||||||
Broadcom, Inc. | 64 | 18,423 | ||||||
Intel Corp. | 910 | 43,562 | ||||||
KLA-Tencor Corp. | 24 | 2,837 | ||||||
Lam Research Corp. | 23 | 4,320 | ||||||
Marvell Technology Group Ltd. | 110 | 2,626 | ||||||
Maxim Integrated Products, Inc. | 68 | 4,068 | ||||||
Microchip Technology, Inc. | 50 | 4,335 | ||||||
Micron Technology, Inc.* | 215 | 8,297 | ||||||
NVIDIA Corp. | 99 | 16,259 | ||||||
QUALCOMM, Inc. | 253 | 19,246 | ||||||
Skyworks Solutions, Inc. | 28 | 2,163 | ||||||
Texas Instruments, Inc. | 200 | 22,952 | ||||||
Xilinx, Inc. | 43 | 5,070 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 178,939 | ||||||
| Software – 6.6% |
| |||||||
Adobe, Inc.* | 88 | 25,929 | ||||||
ANSYS, Inc.* | 16 | 3,277 | ||||||
Autodesk, Inc.* | 42 | 6,842 | ||||||
Cadence Design Systems, Inc.* | 53 | 3,753 | ||||||
| Investments | Shares | Value | ||||||
Citrix Systems, Inc. | 34 | $ | 3,337 | |||||
Fortinet, Inc.* | 23 | 1,767 | ||||||
Intuit, Inc. | 42 | 10,976 | ||||||
Microsoft Corp. | 1,593 | 213,398 | ||||||
Oracle Corp. | 502 | 28,599 | ||||||
Palo Alto Networks, Inc.* | 18 | 3,668 | ||||||
Red Hat, Inc.* | 43 | 8,074 | ||||||
salesforce.com, Inc.* | 155 | 23,518 | ||||||
ServiceNow, Inc.* | 28 | 7,688 | ||||||
Splunk, Inc.* | 28 | 3,521 | ||||||
SS&C Technologies Holdings, Inc. | 16 | 922 | ||||||
Symantec Corp. | 84 | 1,828 | ||||||
Synopsys, Inc.* | 30 | 3,861 | ||||||
VMware, Inc. Class A | 3 | 501 | ||||||
Workday, Inc. Class A* | 20 | 4,111 | ||||||
Zendesk, Inc.* | 36 | 3,205 | ||||||
|
| |||||||
| Total Software |
| 358,775 | ||||||
| Specialty Retail – 2.0% |
| |||||||
Advance Auto Parts, Inc. | 14 | 2,158 | ||||||
AutoZone, Inc.* | 4 | 4,398 | ||||||
Best Buy Co., Inc. | 46 | 3,207 | ||||||
CarMax, Inc.* | 28 | 2,431 | ||||||
Home Depot, Inc. (The) | 214 | 44,505 | ||||||
Lowe’s Cos., Inc. | 170 | 17,155 | ||||||
O’Reilly Automotive, Inc.* | 15 | 5,540 | ||||||
Ross Stores, Inc. | 66 | 6,542 | ||||||
Tiffany & Co. | 15 | 1,405 | ||||||
TJX Cos., Inc. (The) | 256 | 13,537 | ||||||
Tractor Supply Co. | 26 | 2,829 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 12 | 4,163 | ||||||
|
| |||||||
| Total Specialty Retail |
| 107,870 | ||||||
| Technology Hardware, Storage & Peripherals – 3.8% |
| |||||||
Apple, Inc. | 920 | 182,086 | ||||||
Dell Technologies, Inc. Class C* | 55 | 2,794 | ||||||
Hewlett Packard Enterprise Co. | 258 | 3,857 | ||||||
HP, Inc. | 310 | 6,445 | ||||||
NetApp, Inc. | 41 | 2,530 | ||||||
Seagate Technology PLC | 74 | 3,487 | ||||||
Western Digital Corp. | 90 | 4,279 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 205,478 | ||||||
| Textiles, Apparel & Luxury Goods – 0.6% |
| |||||||
lululemon athletica, Inc.* | 19 | 3,424 | ||||||
NIKE, Inc. Class B | 251 | 21,072 | ||||||
VF Corp. | 64 | 5,590 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 30,086 | ||||||
| Tobacco – 0.8% |
| |||||||
Altria Group, Inc. | 364 | 17,236 | ||||||
Philip Morris International, Inc. | 312 | 24,501 | ||||||
|
| |||||||
| Total Tobacco |
| 41,737 | ||||||
| Trading Companies & Distributors – 0.2% |
| |||||||
Fastenal Co. | 164 | 5,345 | ||||||
United Rentals, Inc.* | 16 | 2,122 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 113 |
Table of Contents
Schedule of Investments(concluded)
WisdomTree 90/60 U.S. Balanced Fund(NTSX)
June 30, 2019
| Investments | Shares | Value | ||||||
W.W. Grainger, Inc. | 8 | $ | 2,146 | |||||
|
| |||||||
| Total Trading Companies & Distributors |
| 9,613 | ||||||
| Water Utilities – 0.0% |
| |||||||
American Water Works Co., Inc. | 12 | 1,392 | ||||||
| Wireless Telecommunication Services – 0.1% |
| |||||||
T-Mobile U.S., Inc.* | 96 | 7,117 | ||||||
| Total United States |
| 4,858,522 | ||||||
TOTAL COMMON STOCKS (Cost: $4,531,409) |
| 4,906,088 | ||||||
| Principal Amount | ||||||||
| U.S. GOVERNMENT OBLIGATIONS – 0.5% |
| |||||||
| U.S. Treasury Bill – 0.5% |
| |||||||
U.S. Treasury Bill | ||||||||
| (Cost: $29,861) | $ | 30,000 | $ | 29,875 | ||||
TOTAL INVESTMENTS IN SECURITIES – 90.9% (Cost: $4,561,270) |
| 4,935,963 | ||||||
Other Assets less Liabilities – 9.1% |
| 492,421 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 5,428,384 | |||||
| * | Non-income producing security. |
| (a) | Interest rate shown reflects the yield to maturity at the time of purchase. |
| (b) | All or a portion of this security is held by the broker as collateral for open futures contracts. The securities collateral posted was comprised entirely of U.S. Treasury securities having a market value of $29,875 as of June 30, 2019. |
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||
| FUTURES CONTRACTS (EXCHANGE-TRADED) | ||||||||||||||||
| Long Exposure | Contracts | Expiration Date | Notional Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||
10 Year U.S. Treasury Note | 5 | 9/19/19 | $ | 639,844 | $ | 13,946 | ||||||||||
2 Year U.S. Treasury Note | 3 | 9/30/19 | 645,539 | 4,031 | ||||||||||||
5 Year U.S. Treasury Note | 6 | 9/30/19 | 708,937 | 10,125 | ||||||||||||
U.S. Treasury Long Bond | 4 | 9/19/19 | 622,375 | 20,875 | ||||||||||||
Ultra 10 Year U.S. Treasury Note | 4 | 9/19/19 | 552,500 | 14,750 | ||||||||||||
| $ | 3,169,195 | $ | 63,727 | |||||||||||||
See Notes to Financial Statements.
| 114 | WisdomTree Trust |
Table of Contents
Schedule of Investments
WisdomTree Balanced Income Fund(WBAL)
June 30, 2019
| Investments | Shares | Value | ||||||
| EXCHANGE-TRADED FUNDS – 100.0% | ||||||||
| Domestic Equity – 32.8% | ||||||||
WisdomTree U.S. High Dividend Fund(a)(b) | 10,968 | $ | 798,142 | |||||
WisdomTree U.S. LargeCap Dividend Fund(a) | 4,268 | 413,569 | ||||||
|
| |||||||
| Total Domestic Equity | 1,211,711 | |||||||
| Emerging Markets Equity – 6.7% | ||||||||
WisdomTree Emerging Markets Dividend Fund(a) | 7,786 | 245,819 | ||||||
| Fixed Income – 39.9% | ||||||||
iShares 20+ Year Treasury Bond ETF | 790 | 104,920 | ||||||
iShares MBS ETF | 905 | 97,378 | ||||||
WisdomTree Emerging Markets Local Debt Fund(a)(b) | 3,786 | 133,835 | ||||||
WisdomTree Fundamental U.S. Corporate Bond Fund(a) | 4,038 | 206,665 | ||||||
WisdomTree Interest Rate Hedged High Yield Bond Fund(a) | 8,174 | 190,536 | ||||||
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund(a) | 14,469 | 741,391 | ||||||
|
| |||||||
| Total Fixed Income | 1,474,725 | |||||||
| International Equity – 20.6% | ||||||||
WisdomTree Dynamic Currency Hedged International Equity Fund(a) | 11,619 | 337,067 | ||||||
WisdomTree International High Dividend Fund(a)(b) | 10,526 | 425,145 | ||||||
|
| |||||||
| Total International Equity | 762,212 | |||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost: $3,595,250) | 3,694,467 | |||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6% |
| |||||||
| United States – 0.6% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 2.36%(c) | ||||||||
| (Cost: $21,219)(d) | 21,219 | 21,219 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.6% (Cost: $3,616,469) | 3,715,686 | |||||||
Other Assets less Liabilities – (0.6)% | (20,898 | ) | ||||||
|
| |||||||
| NET ASSETS – 100.0% | $ | 3,694,788 | ||||||
| (a) | Affiliated company (See Note 3). |
| (b) | Security, or portion thereof, was on loan at June 30, 2019 (See Note 2). |
| (c) | Rate shown represents annualized7-day yield as of June 30, 2019. |
| (d) | At June 30, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $27,981 and the total market value of the collateral held by the Fund was $28,624. The total market value of the collateral includesnon-cash U.S. Government securities collateral having a value of $7,405. |
See Notes to Financial Statements.
| WisdomTree Trust | 115 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Trust
June 30, 2019
WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree Emerging Markets Dividend Fund | WisdomTree Europe Multifactor Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 251,433,031 | $ | — | $ | 35,321,424 | $ | 48,271,849 | $ | 12,662,967 | ||||||||||
Investment in affiliates, at cost (Note 3) | — | 29,376,810 | — | — | — | |||||||||||||||
Foreign currency, at cost | 403,209 | 1,806 | — | 50,315 | 4,809 | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 253,832,371 | — | 34,886,310 | 50,185,576 | 12,791,299 | |||||||||||||||
Investment in affiliates, at value (Note 3) | — | 28,732,853 | — | — | — | |||||||||||||||
Cash | 154,893 | 6,107 | 2,474 | 6,488 | 13 | |||||||||||||||
Foreign currency, at value | 404,106 | 1,811 | — | 50,417 | 4,811 | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 57,148 | 6,073 | 14,511 | — | 6,935 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 870,081 | 328,576 | 194,289 | 350 | 49,946 | |||||||||||||||
Dividends | 597,810 | — | 53,940 | 342,534 | 42,593 | |||||||||||||||
Securities lending income | 12,489 | — | 1,560 | 283 | 495 | |||||||||||||||
Foreign tax reclaims | 863,811 | — | 10,118 | 100 | 30,235 | |||||||||||||||
Total Assets | 256,792,709 | 29,075,420 | 35,163,202 | 50,585,748 | 12,926,327 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Foreign currency due to custodian, at value | — | — | 2,184 | — | — | |||||||||||||||
Unrealized depreciation on foreign currency contracts | 2,659,701 | 324,002 | 336,492 | — | 186,506 | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 1,699,501 | — | 772,019 | 219,327 | 5,482 | |||||||||||||||
Advisory fees (Note 3) | 70,882 | 2,358 | 11,692 | 12,924 | 4,525 | |||||||||||||||
Service fees (Note 2) | 891 | 105 | 120 | 178 | 46 | |||||||||||||||
Total Liabilities | 4,430,975 | 326,465 | 1,122,507 | 232,429 | 196,559 | |||||||||||||||
NET ASSETS | $ | 252,361,734 | $ | 28,748,955 | $ | 34,040,695 | $ | 50,353,319 | $ | 12,729,768 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 262,290,915 | $ | 29,564,655 | $ | 35,921,600 | $ | 49,576,279 | $ | 14,233,380 | ||||||||||
Total distributable earnings (loss) | (9,929,181 | ) | (815,700 | ) | (1,880,905 | ) | 777,040 | (1,503,612 | ) | |||||||||||
NET ASSETS | $ | 252,361,734 | $ | 28,748,955 | $ | 34,040,695 | $ | 50,353,319 | $ | 12,729,768 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 8,750,000 | 1,200,000 | 1,150,000 | 1,600,000 | 450,000 | |||||||||||||||
Net asset value per share | $ | 28.84 | $ | 23.96 | $ | 29.60 | $ | 31.47 | $ | 28.29 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 3,138,822 | — | $ | 1,231,011 | $ | 304,928 | $ | 128,988 | |||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||||||||||||||||||
See Notes to Financial Statements.
| 116 | WisdomTree Trust |
Table of Contents
Statements of Assets and Liabilities(continued)
WisdomTree Trust
June 30, 2019
WisdomTree Global Fund | WisdomTree ICBCCS S&P China 500 Fund | WisdomTree Japan Multifactor Fund | WisdomTree Fundamental U.S. Corporate Bond Fund | WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 3,098,531 | $ | 22,543,790 | $ | 1,243,852 | $ | 4,845,475 | $ | 15,244,121 | ||||||||||
Foreign currency, at cost | 1,952 | 56,194 | — | — | — | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 2,967,843 | 20,692,217 | 1,229,058 | 5,019,612 | 15,645,837 | |||||||||||||||
Cash | 671 | 93,214 | — | 36,206 | 91,438 | |||||||||||||||
Foreign currency, at value | 1,974 | 56,224 | 3 | — | — | — | ||||||||||||||
Unrealized appreciation on foreign currency contracts | — | — | 37 | — | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Dividends | 3,982 | 69,973 | 1,464 | — | — | |||||||||||||||
Securities lending income | 23 | 303 | 2 | 4 | 634 | |||||||||||||||
Interest | — | — | — | 54,153 | 234,596 | |||||||||||||||
Foreign tax reclaims | 50,697 | — | 2,018 | — | — | |||||||||||||||
Total Assets | 3,025,190 | 20,911,931 | 1,232,579 | 5,109,975 | 15,972,505 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Due to custodian | — | — | 11 | — | — | |||||||||||||||
Foreign currency due to custodian, at value | — | — | 434 | — | — | |||||||||||||||
Unrealized depreciation on foreign currency contracts | — | — | 3,829 | — | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 5,495 | 54,989 | 5,686 | — | 514,213 | |||||||||||||||
Advisory fees (Note 3) | 485 | 9,077 | 438 | 747 | 4,789 | |||||||||||||||
Service fees (Note 2) | 11 | 73 | 4 | 18 | 55 | |||||||||||||||
Foreign capital gains tax | 210 | — | — | — | — | |||||||||||||||
Total Liabilities | 6,201 | 64,139 | 10,402 | 765 | 519,057 | |||||||||||||||
NET ASSETS | $ | 3,018,989 | $ | 20,847,792 | $ | 1,222,177 | $ | 5,109,210 | $ | 15,453,448 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 6,702,610 | $ | 23,626,482 | $ | 1,377,414 | $ | 4,998,603 | $ | 15,057,400 | ||||||||||
Total distributable earnings (loss) | (3,683,621 | ) | (2,778,690 | ) | (155,237 | ) | 110,607 | 396,048 | ||||||||||||
NET ASSETS | $ | 3,018,989 | $ | 20,847,792 | $ | 1,222,177 | $ | 5,109,210 | $ | 15,453,448 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 100,000 | 750,000 | 50,000 | 100,000 | 300,000 | |||||||||||||||
Net asset value per share | $ | 30.19 | $ | 27.80 | $ | 24.44 | $ | 51.09 | $ | 51.51 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 7,634 | $ | 178,623 | $ | 8,351 | — | $ | 500,695 | |||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||||||||||||||||||
3 Includes $4,077 of foreign minimum reserve funds (Note 2). |
| |||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 117 |
Table of Contents
Statements of Assets and Liabilities(continued)
WisdomTree Trust
June 30, 2019
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | WisdomTree Dynamic Bearish U.S. Equity Fund | WisdomTree Dynamic Long/Short U.S. Equity Fund | WisdomTree 90/60 U.S. Balanced Fund | ||||||||||||||||
ASSETS: | ||||||||||||||||||||
Investments, at cost | $ | 4,891,264 | $ | 20,665,231 | $ | 9,408,238 | $ | 73,376,440 | $ | 4,561,270 | ||||||||||
Investments in securities, at value1,2 (Note 2) | 4,953,284 | 20,819,826 | 9,165,610 | 72,246,712 | 4,935,963 | |||||||||||||||
Cash | 48,113 | 72,426 | 26,274 | — | 493,848 | |||||||||||||||
Deposits at broker for swap contracts | — | — | — | 2,180,000 | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | — | — | — | 2,800,920 | 39,796 | |||||||||||||||
Dividends | — | — | 17,550 | 155,543 | 3,893 | |||||||||||||||
Securities lending income | 11 | 526 | 15 | 59 | — | |||||||||||||||
Interest | 45,640 | 303,687 | — | — | — | |||||||||||||||
Total Assets | 5,047,048 | 21,196,465 | 9,209,449 | 77,383,234 | 5,473,500 | |||||||||||||||
LIABILITIES: | ||||||||||||||||||||
Due to custodian | — | — | — | 7,137 | — | |||||||||||||||
Unrealized depreciation on swap contracts | — | — | 433,504 | 3,413,074 | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 3,098 | 1,010,193 | 105,944 | 280,543 | — | |||||||||||||||
Investment securities purchased | — | — | — | — | 43,885 | |||||||||||||||
Capital shares redeemed | — | — | — | 2,770,683 | — | |||||||||||||||
Swap contracts closed | — | — | — | 113,222 | — | |||||||||||||||
Advisory fees (Note 3) | 744 | 4,929 | 3,403 | 30,858 | 876 | |||||||||||||||
Service fees (Note 2) | 18 | 57 | 30 | 283 | 19 | |||||||||||||||
Net variation margin on futures contracts | — | — | — | — | 336 | |||||||||||||||
Total Liabilities | 3,860 | 1,015,179 | 542,881 | 6,615,800 | 45,116 | |||||||||||||||
NET ASSETS | $ | 5,043,188 | $ | 20,181,286 | $ | 8,666,568 | $ | 70,767,434 | $ | 5,428,384 | ||||||||||
NET ASSETS: | ||||||||||||||||||||
Paid-in capital | $ | 5,000,691 | $ | 20,116,756 | $ | 12,600,052 | $ | 108,066,785 | $ | 4,891,590 | ||||||||||
Total distributable earnings (loss) | 42,497 | 64,530 | (3,933,484 | ) | (37,299,351 | ) | 536,794 | |||||||||||||
NET ASSETS | $ | 5,043,188 | $ | 20,181,286 | $ | 8,666,568 | $ | 70,767,434 | $ | 5,428,384 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 100,000 | 400,000 | 400,000 | 2,550,000 | 200,000 | |||||||||||||||
Net asset value per share | $ | 50.43 | $ | 50.45 | $ | 21.67 | $ | 27.75 | $ | 27.14 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 3,012 | $ | 977,176 | $ | 103,804 | $ | 274,875 | — | |||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||||||||||||||||||
See Notes to Financial Statements.
| 118 | WisdomTree Trust |
Table of Contents
Statements of Assets and Liabilities(concluded)
WisdomTree Trust
June 30, 2019
| WisdomTree Balanced Income Fund | ||||
ASSETS: | ||||
Investments, at cost | $ | 213,207 | ||
Investment in affiliates, at cost (Note 3) | 3,403,262 | |||
Investments in securities, at value2 (Note 2) | 223,517 | |||
Investment in affiliates, at value1 (Note 3) | 3,492,169 | |||
Cash | 243 | |||
Receivables: | ||||
Securities lending income | 182 | |||
Total Assets | 3,716,111 | |||
LIABILITIES: | ||||
Payables: | ||||
Cash collateral received for securities loaned (Note 2) | 21,219 | |||
Advisory fees (Note 3) | 91 | |||
Service fees (Note 2) | 13 | |||
Total Liabilities | 21,323 | |||
NET ASSETS | $ | 3,694,788 | ||
NET ASSETS: | ||||
Paid-in capital | $ | 3,601,477 | ||
Total distributable earnings (loss) | 93,311 | |||
NET ASSETS | $ | 3,694,788 | ||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 150,000 | |||
Net asset value per share | $ | 24.63 | ||
1 Includes market value of securities out on loan of: | $ | 27,981 | ||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||
See Notes to Financial Statements.
| WisdomTree Trust | 119 |
Table of Contents
WisdomTree Trust
For the Year Ended June 30, 2019
| WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree Emerging Markets Dividend Fund | WisdomTree Europe Multifactor Fund | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends1 | $ | 9,055,069 | $ | — | $ | 990,127 | $ | 1,644,701 | $ | 405,847 | ||||||||||
Dividends from affiliates (Note 3) | — | 465,146 | — | — | — | |||||||||||||||
Interest | — | — | — | 174 | — | |||||||||||||||
Non-cash dividends | 261,971 | — | 18,885 | 4,356 | 30,669 | |||||||||||||||
Securities lending income (Note 2) | 102,093 | — | 23,360 | 3,321 | 7,168 | |||||||||||||||
Total investment income | 9,419,133 | 465,146 | 1,032,372 | 1,652,552 | 443,684 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 933,906 | 122,623 | 117,860 | 123,151 | 68,331 | |||||||||||||||
Service fees (Note 2) | 10,273 | 930 | 1,080 | 1,693 | 627 | |||||||||||||||
Total expenses | 944,179 | 123,553 | 118,940 | 124,844 | 68,958 | |||||||||||||||
Expense waivers (Note 3) | (116,738 | ) | (101,481 | ) | (12,277 | ) | — | (7,118 | ) | |||||||||||
Net expenses | 827,441 | 22,072 | 106,663 | 124,844 | 61,840 | |||||||||||||||
Net investment income | 8,591,692 | 443,074 | 925,709 | 1,527,708 | 381,844 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions | (7,431,805 | ) | — | (1,542,724 | ) | (1,167,752 | ) | (1,763,683 | ) | |||||||||||
Investment transactions in affiliates (Note 3) | — | (238,728 | ) | — | — | — | ||||||||||||||
In-kind redemptions | 12,261,337 | — | 625,538 | — | (147,572 | ) | ||||||||||||||
In-kind redemptions in affiliates (Note 3) | — | (540,861 | ) | — | — | — | ||||||||||||||
Foreign currency contracts | 10,400,406 | 1,056,066 | 895,383 | 7,863 | 887,840 | |||||||||||||||
Foreign currency related transactions | (22,300 | ) | — | (1,708 | ) | (10,499 | ) | (26,905 | ) | |||||||||||
Net realized gain (loss) | 15,207,638 | 276,477 | (23,511 | ) | (1,170,388 | ) | (1,050,320 | ) | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: |
| |||||||||||||||||||
Investment transactions | (10,969,239 | ) | — | (635,316 | ) | 1,695,874 | 429,127 | |||||||||||||
Investment transactions in affiliates (Note 3) | — | (505,034 | ) | — | — | — | ||||||||||||||
Foreign currency contracts | (4,399,047 | ) | (481,563 | ) | (484,365 | ) | — | (199,070 | ) | |||||||||||
Translation of assets and liabilities denominated in foreign currencies | 16,204 | 42 | 511 | 1,308 | 86 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | (15,352,082 | ) | (986,555 | ) | (1,119,170 | ) | 1,697,182 | 230,143 | ||||||||||||
Net realized and unrealized gain (loss) on investments | (144,444 | ) | (710,078 | ) | (1,142,681 | ) | 526,794 | (820,177 | ) | |||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | 8,447,248 | $ | (267,004 | ) | $ | (216,972 | ) | $ | 2,054,502 | $ | (438,333 | ) | |||||||
1 Net of foreign withholding tax of: | $ | 890,034 | — | $ | 111,687 | $ | 227,562 | $ | 61,024 | |||||||||||
See Notes to Financial Statements.
| 120 | WisdomTree Trust |
Table of Contents
Statements of Operations(continued)
WisdomTree Trust
For the Year Ended June 30, 2019
| WisdomTree Global ex-Mexico Equity Fund | WisdomTree ICBCCS S&P China 500 Fund | WisdomTree Japan Multifactor Fund | WisdomTree Fundamental U.S. Corporate Bond Fund | WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends1 | $ | 1,642,146 | $ | 372,146 | $ | 69,418 | $ | — | $ | — | ||||||||||
Interest | — | 140 | — | 168,149 | 597,971 | |||||||||||||||
Non-cash dividends | 49,074 | — | — | — | — | |||||||||||||||
Securities lending income (Note 2) | 4,665 | 3,374 | 311 | 39 | 4,955 | |||||||||||||||
Total investment income | 1,695,885 | 375,660 | 69,729 | 168,188 | 602,926 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 168,556 | 81,633 | 11,898 | 13,543 | 47,739 | |||||||||||||||
Service fees (Note 2) | 3,708 | 653 | 109 | 212 | 438 | |||||||||||||||
Total expenses | 172,264 | 82,286 | 12,007 | 13,755 | 48,177 | |||||||||||||||
Expense waivers (Note 3) | — | — | (1,239 | ) | (4,837 | ) | (9,946 | ) | ||||||||||||
Net expenses | 172,264 | 82,286 | 10,768 | 8,918 | 38,231 | |||||||||||||||
Net investment income | 1,523,621 | 293,374 | 58,961 | 159,270 | 564,695 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions2 | (2,679,199 | ) | (1,026,364 | ) | 67,821 | (49,131 | ) | (2,090 | ) | |||||||||||
In-kind redemptions | 645,974 | 98,290 | 50,836 | — | — | |||||||||||||||
Foreign currency contracts | 10,835 | (1,209 | ) | 28,247 | — | — | ||||||||||||||
Foreign currency related transactions | (15,870 | ) | (561 | ) | 578 | — | — | |||||||||||||
Net realized gain (loss) | (2,038,260 | ) | (929,844 | ) | 147,482 | (49,131 | ) | (2,090 | ) | |||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions3 | 872,476 | 380,874 | (424,653 | ) | 377,810 | 430,842 | ||||||||||||||
Foreign currency contracts | — | — | (33,956 | ) | — | — | ||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 2,196 | 1,127 | 82 | — | — | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | 874,672 | 382,001 | (458,527 | ) | 377,810 | 430,842 | ||||||||||||||
Net realized and unrealized gain (loss) on investments | (1,163,588 | ) | (547,843 | ) | (311,045 | ) | 328,679 | 428,752 | ||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | 360,033 | $ | (254,469 | ) | $ | (252,084 | ) | $ | 487,949 | $ | 993,447 | ||||||||
1 Net of foreign withholding tax of: | $ | 86,031 | $ | 35,295 | $ | 7,775 | — | — | ||||||||||||
2 Net of foreign capital gains tax withheld of: | $ | 22,068 | — | — | — | — | ||||||||||||||
3 Includes net decrease (increase) in accrued foreign capital gain taxes of: | $ | 14,435 | — | — | — | — | ||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 121 |
Table of Contents
Statements of Operations(continued)
WisdomTree Trust
For the Period Ended June 30, 2019
| WisdomTree Fundamental U.S. Short- Term Corporate Bond Fund | WisdomTree Fundamental U.S. Short- Term High Yield Corporate Bond Fund | WisdomTree Dynamic Bearish U.S. Equity Fund | WisdomTree Dynamic Long/Short U.S. Equity Fund | WisdomTree 90/60 U.S. Balanced Fund1 | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends2 | $ | — | $ | — | $ | 239,259 | $ | 3,388,162 | $ | 69,667 | ||||||||||
Interest | 132,636 | 683,874 | 75,547 | — | 565 | |||||||||||||||
Non-cash dividends | — | — | — | — | 686 | |||||||||||||||
Securities lending income (Note 2) | 61 | 6,006 | 3,979 | 50,507 | — | |||||||||||||||
Total investment income | 132,697 | 689,880 | 318,785 | 3,438,669 | 70,918 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 13,834 | 57,839 | 62,513 | 705,631 | 7,532 | |||||||||||||||
Service fees (Note 2) | 217 | 531 | 519 | 5,857 | 166 | |||||||||||||||
Total expenses | 14,051 | 58,370 | 63,032 | 711,488 | 7,698 | |||||||||||||||
Expense waivers (Note 3) | (4,941 | ) | (12,050 | ) | (5,897 | ) | (66,569 | ) | — | |||||||||||
Net expenses | 9,110 | 46,320 | 57,135 | 644,919 | 7,698 | |||||||||||||||
Net investment income | 123,587 | 643,560 | 261,650 | 2,793,750 | 63,220 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions | (11,581 | ) | (87,859 | ) | (1,677,626 | ) | (13,074,355 | ) | (31,095 | ) | ||||||||||
In-kind redemptions | — | 11,803 | 479,465 | 13,591,781 | — | |||||||||||||||
Swap contracts | — | — | (432,125 | ) | (18,808,766 | ) | — | |||||||||||||
Futures contracts | — | — | — | — | 125,372 | |||||||||||||||
Net realized gain (loss) | (11,581 | ) | (76,056 | ) | (1,630,286 | ) | (18,291,340 | ) | 94,277 | |||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: | ||||||||||||||||||||
Investment transactions | 150,586 | 158,526 | (459,676 | ) | (5,279,119 | ) | 374,693 | |||||||||||||
Swap contracts | — | — | (520,602 | ) | (3,413,074 | ) | — | |||||||||||||
Futures contracts | — | — | — | — | 63,727 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | 150,586 | 158,526 | (980,278 | ) | (8,692,193 | ) | 438,420 | |||||||||||||
Net realized and unrealized gain (loss) on investments | 139,005 | 82,470 | (2,610,564 | ) | (26,983,533 | ) | 532,697 | |||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | 262,592 | $ | 726,030 | $ | (2,348,914 | ) | $ | (24,189,783 | ) | $ | 595,917 | ||||||||
1 For the period August 2, 2018 (commencement of operations) through June 30, 2019. | ||||||||||||||||||||
2 Net of foreign withholding tax of: | — | — | — | — | $ | 9 | ||||||||||||||
See Notes to Financial Statements.
| 122 | WisdomTree Trust |
Table of Contents
Statements of Operations(concluded)
WisdomTree Trust
For the Year Ended June 30, 2019
| WisdomTree Balanced Income Fund | ||||
INVESTMENT INCOME: |
| |||
Dividends | $ | 3,968 | ||
Dividends from affiliates (Note 3) | 102,094 | |||
Securities lending income (Note 2) | 2,771 | |||
Total investment income | 108,833 | |||
EXPENSES: |
| |||
Advisory fees (Note 3) | 11,197 | |||
Service fees (Note 2) | 123 | |||
Total expenses | 11,320 | |||
Expense waivers (Note 3) | (10,357 | ) | ||
Net expenses | 963 | |||
Net investment income | 107,870 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||
Net realized gain (loss) from: |
| |||
Investment transactions | (213 | ) | ||
Investment transactions in affiliates (Note 3) | (7,072 | ) | ||
Capital gain distributions from affiliates (Note 3) | 145 | |||
Net realized loss | (7,140 | ) | ||
Net increase (decrease) in unrealized appreciation/depreciation: |
| |||
Investment transactions | 11,990 | |||
Investment transactions in affiliates (Note 3) | 143,804 | |||
Net increase in unrealized appreciation/depreciation | 155,794 | |||
Net realized and unrealized gain on investments | 148,654 | |||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 256,524 | ||
See Notes to Financial Statements.
| WisdomTree Trust | 123 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Trust
WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||||||||
For the Year Ended | For the Year Ended | For the Year Ended | For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 8,591,692 | $ | 15,718,239 | $ | 443,074 | $ | 148,962 | $ | 925,709 | $ | 361,437 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | 15,207,638 | 40,493,530 | 276,477 | 56,924 | (23,511 | ) | (664,973 | ) | ||||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (15,352,082 | ) | (21,830,092 | ) | (986,555 | ) | (310,235 | ) | (1,119,170 | ) | 105,949 | |||||||||||||
Net increase (decrease) in net assets resulting from operations | 8,447,248 | 34,381,677 | (267,004 | ) | (104,349 | ) | (216,972 | ) | (197,587 | ) | ||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS1: |
| |||||||||||||||||||||||
Distributable earnings | (8,264,658 | ) | (10,842,896 | ) | (1,206,725 | ) | (140,290 | ) | (790,071 | ) | (290,413 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 79,955,557 | 73,485,154 | 18,960,415 | 17,650,029 | 20,745,568 | 14,803,022 | ||||||||||||||||||
Cost of shares redeemed | (89,905,000 | ) | (285,859,829 | ) | (8,474,095 | ) | (124 | ) | (3,024,924 | ) | (129 | ) | ||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (9,949,443 | ) | (212,374,675 | ) | 10,486,320 | 17,649,905 | 17,720,644 | 14,802,893 | ||||||||||||||||
Net Increase (Decrease) in Net Assets | (9,766,853 | ) | (188,835,894 | ) | 9,012,591 | 17,405,266 | 16,713,601 | 14,314,893 | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 262,128,587 | $ | 450,964,481 | $ | 19,736,364 | $ | 2,331,098 | $ | 17,327,094 | $ | 3,012,201 | ||||||||||||
End of year2 | $ | 252,361,734 | $ | 262,128,587 | $ | 28,748,955 | $ | 19,736,364 | $ | 34,040,695 | $ | 17,327,094 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 9,050,000 | 15,950,004 | 800,000 | 100,005 | 550,000 | 100,004 | ||||||||||||||||||
Shares created | 2,850,000 | 2,450,000 | 800,000 | 700,000 | 700,000 | 450,000 | ||||||||||||||||||
Shares redeemed | (3,150,000 | ) | (9,350,004 | ) | (400,000 | ) | (5 | ) | (100,000 | ) | (4 | ) | ||||||||||||
Shares outstanding, end of year | 8,750,000 | 9,050,000 | 1,200,000 | 800,000 | 1,150,000 | 550,000 | ||||||||||||||||||
1 Amounts for the fiscal year ended June 30, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended June 30, 2018 represents a distribution from the following (See Note 7 in the Notes to Financial Statements for more information): |
| |||||||||||||||||||||||
Net investment income | $ | (10,842,896 | ) | $ | (115,501 | ) | $ | (290,413 | ) | |||||||||||||||
Capital gains | — | (24,789 | ) | — | ||||||||||||||||||||
Total dividends and distributions | $ | (10,842,896 | ) | $ | (140,290 | ) | $ | (290,413 | ) | |||||||||||||||
2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended June 30, 2019. The undistributed net investment income included in the net assets for the fiscal year ended June 30, 2018 were as follows: |
| |||||||||||||||||||||||
Undistributed net investment income included | $ | 734,273 | $ | 8,883 | $ | 23,574 | ||||||||||||||||||
See Notes to Financial Statements.
| 124 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets(continued)
WisdomTree Trust
WisdomTree Emerging Markets Dividend Fund | WisdomTree Europe Multifactor Fund | WisdomTree Global ex-Mexico Equity Fund | ||||||||||||||||||||||
For the Year Ended | For the Year Ended | For the Year Ended | For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 1,527,708 | $ | 708,578 | $ | 381,844 | $ | 505,245 | $ | 1,523,621 | $ | 3,206,736 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | (1,170,388 | ) | (203,417 | ) | (1,050,320 | ) | 167,705 | (2,038,260 | ) | 9,313,535 | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 1,697,182 | (687,191 | ) | 230,143 | (493,753 | ) | 874,672 | (1,087,120 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 2,054,502 | (182,030 | ) | (438,333 | ) | 179,197 | 360,033 | 11,433,151 | ||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS1: |
| |||||||||||||||||||||||
Distributable earnings | (1,392,048 | ) | (664,614 | ) | (723,716 | ) | (557,375 | ) | (1,681,088 | ) | (3,027,467 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 15,648,445 | 23,003,778 | — | 16,863,086 | 8,520,804 | 267,784,187 | ||||||||||||||||||
Cost of shares redeemed | — | (127 | ) | (2,508,781 | ) | (1,547,705 | ) | (236,792,310 | ) | (94,620,460 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 15,648,445 | 23,003,651 | (2,508,781 | ) | 15,315,381 | (228,271,506 | ) | 173,163,727 | ||||||||||||||||
Net Increase (Decrease) in Net Assets | 16,310,899 | 22,157,007 | (3,670,830 | ) | 14,937,203 | (229,592,561 | ) | 181,569,411 | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 34,042,420 | $ | 11,885,413 | $ | 16,400,598 | $ | 1,463,395 | $ | 232,611,550 | $ | 51,042,139 | ||||||||||||
End of year2 | $ | 50,353,319 | $ | 34,042,420 | $ | 12,729,768 | $ | 16,400,598 | $ | 3,018,989 | $ | 232,611,550 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 1,100,000 | 400,004 | 550,000 | 50,004 | 7,900,000 | 1,900,004 | ||||||||||||||||||
Shares created | 500,000 | 700,000 | — | 550,000 | 300,000 | 9,200,000 | ||||||||||||||||||
Shares redeemed | — | (4 | ) | (100,000 | ) | (50,004 | ) | (8,100,000 | ) | (3,200,004 | ) | |||||||||||||
Shares outstanding, end of year | 1,600,000 | 1,100,000 | 450,000 | 550,000 | 100,000 | 7,900,000 | ||||||||||||||||||
1 Amounts for the fiscal year ended June 30, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended June 30, 2018 represents a distribution from the following (See Note 7 in the Notes to Financial Statements for more information): |
| |||||||||||||||||||||||
Net investment income | $ | (664,614 | ) | $ | (470,215 | ) | $ | (3,027,467 | ) | |||||||||||||||
Capital gains | — | (87,160 | ) | — | ||||||||||||||||||||
Total dividends and distributions | $ | (664,614 | ) | $ | (557,375 | ) | $ | (3,027,467 | ) | |||||||||||||||
2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended June 30, 2019. The undistributed net investment income included in the net assets for the fiscal year ended June 30, 2018 were as follows: |
| |||||||||||||||||||||||
Undistributed net investment income included | $ | 129,089 | $ | 30,453 | $ | 234,683 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 125 |
Table of Contents
Statements of Changes in Net Assets(continued)
WisdomTree Trust
WisdomTree ICBCCS S&P China 500 Fund | WisdomTree Japan Multifactor Fund | WisdomTree Fundamental U.S. Corporate Bond Fund | ||||||||||||||||||||||
For the Year Ended | For the Period 2017* through June 30, 2018 | For the Year Ended | For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 293,374 | $ | 90,316 | $ | 58,961 | $ | 55,778 | $ | 159,270 | $ | 149,320 | ||||||||||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions | (929,844 | ) | (1,843 | ) | 147,482 | (15,908 | ) | (49,131 | ) | (10,957 | ) | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 382,001 | (2,233,441 | ) | (458,527 | ) | 135,530 | 377,810 | (191,214 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | (254,469 | ) | (2,144,968 | ) | (252,084 | ) | 175,400 | 487,949 | (52,851 | ) | ||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS1: |
| |||||||||||||||||||||||
Distributable earnings | (271,255 | ) | (46,004 | ) | (65,184 | ) | (109,141 | ) | (157,460 | ) | (155,972 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 14,248,679 | 15,031,595 | — | 2,199,362 | 2,359,600 | — | ||||||||||||||||||
Cost of shares redeemed | (5,715,906 | ) | — | (1,283,639 | ) | (2,199,480 | ) | (2,359,600 | ) | (100 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 8,532,773 | 15,031,595 | (1,283,639 | ) | (118 | ) | — | (100 | ) | |||||||||||||||
Net Increase (Decrease) in Net Assets | 8,007,049 | 12,840,623 | (1,600,907 | ) | 66,141 | 330,489 | (208,923 | ) | ||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of period | $ | 12,840,743 | $ | 120 | $ | 2,823,084 | $ | 2,756,943 | $ | 4,778,721 | $ | 4,987,644 | ||||||||||||
End of period2 | $ | 20,847,792 | $ | 12,840,743 | $ | 1,222,177 | $ | 2,823,084 | $ | 5,109,210 | $ | 4,778,721 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of period | 450,004 | 4 | 100,000 | 100,004 | 100,000 | 100,002 | ||||||||||||||||||
Shares created | 500,000 | 450,000 | — | 75,000 | 50,000 | — | ||||||||||||||||||
Shares redeemed | (200,004 | ) | — | (50,000 | ) | (75,004 | ) | (50,000 | ) | (2 | ) | |||||||||||||
Shares outstanding, end of period | 750,000 | 450,004 | 50,000 | 100,000 | 100,000 | 100,000 | ||||||||||||||||||
* Commencement of operations. |
| |||||||||||||||||||||||
1 Amounts for the fiscal year ended June 30, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year or period ended June 30, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information. |
| |||||||||||||||||||||||
2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended June 30, 2019. The undistributed net investment income included in the net assets for the fiscal year ended June 30, 2018 were as follows: |
| |||||||||||||||||||||||
Undistributed net investment income included | $ | 75,995 | $ | 23,202 | $ | 765 | ||||||||||||||||||
See Notes to Financial Statements.
| 126 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets(continued)
WisdomTree Trust
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | ||||||||||||||||||||||
| For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 564,695 | $ | 290,838 | $ | 123,587 | $ | 98,029 | $ | 643,560 | $ | 238,632 | ||||||||||||
Net realized gain (loss) on investments | (2,090 | ) | 2,087 | (11,581 | ) | (6,794 | ) | (76,056 | ) | 2,894 | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 430,842 | (215,445 | ) | 150,586 | (81,351 | ) | 158,526 | (79,530 | ) | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | 993,447 | 77,480 | 262,592 | 9,884 | 726,030 | 161,996 | ||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS1: |
| |||||||||||||||||||||||
Distributable earnings | (575,980 | ) | (328,912 | ) | (122,743 | ) | (100,702 | ) | (640,720 | ) | (309,910 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 10,058,537 | — | 2,449,872 | — | 25,053,118 | — | ||||||||||||||||||
Cost of shares redeemed | — | (104 | ) | (2,449,872 | ) | (100 | ) | (9,948,021 | ) | (102 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 10,058,537 | (104 | ) | — | (100 | ) | 15,105,097 | (102 | ) | |||||||||||||||
Net Increase (Decrease) in Net Assets | 10,476,004 | (251,536 | ) | 139,849 | (90,918 | ) | 15,190,407 | (148,016 | ) | |||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 4,977,444 | $ | 5,228,980 | $ | 4,903,339 | $ | 4,994,257 | $ | 4,990,879 | $ | 5,138,895 | ||||||||||||
End of year2 | $ | 15,453,448 | $ | 4,977,444 | $ | 5,043,188 | $ | 4,903,339 | $ | 20,181,286 | $ | 4,990,879 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 100,000 | 100,002 | 100,000 | 100,002 | 100,000 | 100,002 | ||||||||||||||||||
Shares created | 200,000 | — | 50,000 | — | 500,000 | — | ||||||||||||||||||
Shares redeemed | — | (2 | ) | (50,000 | ) | (2 | ) | (200,000 | ) | (2 | ) | |||||||||||||
Shares outstanding, end of year | 300,000 | 100,000 | 100,000 | 100,000 | 400,000 | 100,000 | ||||||||||||||||||
1 Amounts for the fiscal year ended June 30, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended June 30, 2018 represents a distribution from the following (See Note 7 in the Notes to Financial Statements for more information): |
| |||||||||||||||||||||||
Net investment income | $ | (288,650 | ) | $ | (100,702 | ) | $ | (238,342 | ) | |||||||||||||||
Capital gains | (40,262 | ) | — | (71,568 | ) | |||||||||||||||||||
Total dividends and distributions | $ | (328,912 | ) | $ | (100,702 | ) | $ | (309,910 | ) | |||||||||||||||
2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended June 30, 2019. The undistributed net investment income included in the net assets for the fiscal year ended June 30, 2018 were as follows: |
| |||||||||||||||||||||||
Undistributed net investment income included in the net assets | $ | 5,620 | $ | 850 | $ | 1,983 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 127 |
Table of Contents
Statements of Changes in Net Assets(continued)
WisdomTree Trust
| WisdomTree Dynamic Bearish U.S. Equity Fund | WisdomTree Dynamic Long/Short U.S. Equity Fund | WisdomTree 90/60 U.S. Balanced Fund | ||||||||||||||||||
| For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Period 2018* through June 30, 2019 | ||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||
Net investment income | $ | 261,650 | $ | 105,658 | $ | 2,793,750 | $ | 1,696,213 | $ | 63,220 | ||||||||||
Net realized gain (loss) on investments, swap contracts and futures contracts | (1,630,286 | ) | (123,390 | ) | (18,291,340 | ) | 5,911,151 | 94,277 | ||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, swap contracts and futures contracts | (980,278 | ) | 55,034 | (8,692,193 | ) | 1,446,910 | 438,420 | |||||||||||||
Net increase (decrease) in net assets resulting from operations | (2,348,914 | ) | 37,302 | (24,189,783 | ) | 9,054,274 | 595,917 | |||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS1: |
| |||||||||||||||||||
Distributable earnings | — | — | (3,467,921 | ) | (999,130 | ) | (59,123 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||
Net proceeds from sale of shares | 13,035,677 | 10,313,024 | 124,489,129 | 119,807,094 | 4,891,593 | |||||||||||||||
Cost of shares redeemed | (11,105,343 | ) | (6,408,777 | ) | (151,955,762 | ) | (54,767,757 | ) | (103 | ) | ||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 1,930,334 | 3,904,247 | (27,466,633 | ) | 65,039,337 | 4,891,490 | ||||||||||||||
Net Increase (Decrease) in Net Assets | (418,580 | ) | 3,941,549 | (55,124,337 | ) | 73,094,481 | 5,428,284 | |||||||||||||
NET ASSETS: |
| |||||||||||||||||||
Beginning of period | $ | 9,085,148 | $ | 5,143,599 | $ | 125,891,771 | $ | 52,797,290 | $ | 100 | ||||||||||
End of period2 | $ | 8,666,568 | $ | 9,085,148 | $ | 70,767,434 | $ | 125,891,771 | $ | 5,428,384 | ||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||
Shares outstanding, beginning of period | 350,000 | 200,004 | 3,800,000 | 1,750,004 | 4 | |||||||||||||||
Shares created | 500,000 | 400,000 | 3,750,000 | 3,750,000 | 200,000 | |||||||||||||||
Shares redeemed | (450,000 | ) | (250,004 | ) | (5,000,000 | ) | (1,700,004 | ) | (4 | ) | ||||||||||
Shares outstanding, end of period | 400,000 | 350,000 | 2,550,000 | 3,800,000 | 200,000 | |||||||||||||||
* Commencement of operations. | ||||||||||||||||||||
1 Amounts for the fiscal year ended June 30, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended June 30, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information. |
| |||||||||||||||||||
2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year or period ended June 30, 2019. The undistributed (distributions in excess of) net investment income included in the net assets for the fiscal year ended June 30, 2018 were as follows: |
| |||||||||||||||||||
Undistributed (distributions in excess of) net investment income included in the net assets | $ | (359,201 | ) | $ | 1,273,222 | |||||||||||||||
See Notes to Financial Statements.
| 128 | WisdomTree Trust |
Table of Contents
Statements of Changes in Net Assets(concluded)
WisdomTree Trust
WisdomTree Balanced Income Fund | ||||||||
| For the Year Ended June 30, 2019 | For the Period 2017* through | |||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: | ||||||||
Net investment income | $ | 107,870 | $ | 53,284 | ||||
Net realized loss on investments | (7,140 | ) | (57,016 | ) | ||||
Net increase (decrease) in unrealized appreciation/depreciation on investments | 155,794 | (56,577 | ) | |||||
Net increase (decrease) in net assets resulting from operations | 256,524 | (60,309 | ) | |||||
DISTRIBUTIONS TO SHAREHOLDERS1: | ||||||||
Distributable earnings | (108,265 | ) | (50,801 | ) | ||||
CAPITAL SHARE TRANSACTIONS: | ||||||||
Net proceeds from sale of shares | 2,356,104 | 2,491,955 | ||||||
Cost of shares redeemed | (96 | ) | (1,190,424 | ) | ||||
Net increase in net assets resulting from capital share transactions | 2,356,008 | 1,301,531 | ||||||
Net Increase in Net Assets | 2,504,267 | 1,190,421 | ||||||
NET ASSETS: | ||||||||
Beginning of period | $ | 1,190,521 | $ | 100 | ||||
End of period2 | $ | 3,694,788 | $ | 1,190,521 | ||||
SHARES CREATED AND REDEEMED: | ||||||||
Shares outstanding, beginning of period | 50,004 | 4 | ||||||
Shares created | 100,000 | 100,000 | ||||||
Shares redeemed | (4 | ) | (50,000 | ) | ||||
Shares outstanding, end of period | 150,000 | 50,004 | ||||||
* Commencement of operations. | ||||||||
1 Amounts for the fiscal period ended June 30, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal period ended June 30, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information. |
| |||||||
2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended June 30, 2019. The undistributed net investment income included in the net assets for the fiscal period ended June 30, 2018 were as follows: |
| |||||||
Undistributed net investment income included in the net assets |
| $ | 2,483 | |||||
See Notes to Financial Statements.
| WisdomTree Trust | 129 |
Table of Contents
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Dynamic Currency Hedged International Equity Fund | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 28.96 | $ | 28.27 | $ | 24.26 | $ | 24.18 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 1.04 | 1.00 | 0.98 | 0.79 | ||||||||||||
Net realized and unrealized gain (loss) | (0.17 | ) | 0.70 | 4.32 | (0.35 | ) | ||||||||||
Total from investment operations | 0.87 | 1.70 | 5.30 | 0.44 | ||||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||
Net investment income | (0.99 | ) | (1.01 | ) | (0.83 | ) | (0.36 | ) | ||||||||
Capital gains | — | — | (0.46 | ) | — | |||||||||||
Total dividends and distributions to shareholders | (0.99 | ) | (1.01 | ) | (1.29 | ) | (0.36 | ) | ||||||||
Net asset value, end of period | $ | 28.84 | $ | 28.96 | $ | 28.27 | $ | 24.26 | ||||||||
TOTAL RETURN2 | 3.11 | % | 6.04 | % | 22.25 | % | 1.82 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 252,362 | $ | 262,129 | $ | 450,964 | $ | 243,806 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses, net of expense waivers | 0.35 | % | 0.35 | % | 0.35 | % | 0.35 | %3 | ||||||||
Expenses, prior to expense waivers | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | %3 | ||||||||
Net investment income | 3.68 | % | 3.33 | % | 3.67 | % | 6.79 | %3 | ||||||||
Portfolio turnover rate4 | 26 | % | 15 | % | 27 | % | 28 | % | ||||||||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Period November 3, 2016* through June 30, 2017 | |||||||||
Net asset value, beginning of period | $ | 24.67 | $ | 23.31 | $ | 19.63 | ||||||
Investment operations: | ||||||||||||
Net investment income1 | 0.49 | 0.71 | 0.32 | |||||||||
Net realized and unrealized gain | 0.02 | 1.03 | 3.52 | |||||||||
Total from investment operations | 0.51 | 1.74 | 3.84 | |||||||||
Dividends and distributions to shareholders: | ||||||||||||
Net investment income | (0.29 | ) | (0.21 | ) | (0.15 | ) | ||||||
Capital gains | (0.93 | ) | (0.17 | ) | — | |||||||
Return of capital | — | — | (0.01 | ) | ||||||||
Total dividends and distributions to shareholders | (1.22 | ) | (0.38 | ) | (0.16 | ) | ||||||
Net asset value, end of period | $ | 23.96 | $ | 24.67 | $ | 23.31 | ||||||
TOTAL RETURN2 | 2.56 | % | 7.44 | % | 19.61 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||
Net assets, end of period (000’s omitted) | $ | 28,749 | $ | 19,736 | $ | 2,331 | ||||||
Ratios to average net assets5 of: | ||||||||||||
Expenses, net of expense waivers | 0.10 | % | 0.10 | % | 0.10 | %3 | ||||||
Expenses, prior to expense waivers | 0.58 | % | 0.58 | % | 0.58 | %3 | ||||||
Net investment income | 2.10 | % | 2.87 | % | 2.23 | %3 | ||||||
Portfolio turnover rate4 | 6 | % | 4 | % | 4 | % | ||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result ofin-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. |
See Notes to Financial Statements.
| 130 | WisdomTree Trust |
Table of Contents
Financial Highlights(continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Year Ended June 30, 2017 | For the Period January 7, 2016* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 31.50 | $ | 30.12 | $ | 23.87 | $ | 24.24 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 1.12 | 1.11 | 0.86 | 0.52 | ||||||||||||
Net realized and unrealized gain (loss) | (2.29 | ) | 0.92 | 6.18 | (0.41 | ) | ||||||||||
Total from investment operations | (1.17 | ) | 2.03 | 7.04 | 0.11 | |||||||||||
Dividends to shareholders: | ||||||||||||||||
Net investment income | (0.73 | ) | (0.65 | ) | (0.79 | ) | (0.48 | ) | ||||||||
Net asset value, end of period | $ | 29.60 | $ | 31.50 | $ | 30.12 | $ | 23.87 | ||||||||
TOTAL RETURN2 | (3.70 | )% | 6.73 | % | 29.80 | % | 0.36 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 34,041 | $ | 17,327 | $ | 3,012 | $ | 2,388 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses, net of expense waivers | 0.43 | % | 0.43 | % | 0.43 | % | 0.43 | %3 | ||||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
Net investment income | 3.77 | % | 3.41 | % | 3.16 | % | 4.42 | %3 | ||||||||
Portfolio turnover rate4 | 55 | % | 95 | % | 75 | % | 50 | % | ||||||||
| WisdomTree Emerging Markets Dividend Fund | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Year Ended June 30, 2017 | For the Period April 7, 2016* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 30.95 | $ | 29.71 | $ | 25.63 | $ | 24.53 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 1.21 | 0.96 | 0.96 | 0.36 | ||||||||||||
Net realized and unrealized gain | 0.38 | 1.14 | 3.96 | 0.87 | ||||||||||||
Total from investment operations | 1.59 | 2.10 | 4.92 | 1.23 | ||||||||||||
Dividends to shareholders: | ||||||||||||||||
Net investment income | (1.07 | ) | (0.86 | ) | (0.84 | ) | (0.13 | ) | ||||||||
Net asset value, end of period | $ | 31.47 | $ | 30.95 | $ | 29.71 | $ | 25.63 | ||||||||
TOTAL RETURN2 | 5.25 | % | 7.05 | %5 | 19.46 | % | 5.01 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 50,353 | $ | 34,042 | $ | 11,885 | $ | 2,563 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses | 0.32 | % | 0.32 | % | 0.32 | % | 0.32 | %3 | ||||||||
Net investment income | 3.97 | % | 2.91 | % | 3.38 | % | 6.14 | %3 | ||||||||
Portfolio turnover rate4 | 26 | % | 22 | % | 15 | % | 4 | % | ||||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result ofin-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 reimbursement from thesub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged. |
See Notes to Financial Statements.
| WisdomTree Trust | 131 |
Table of Contents
Financial Highlights(continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Europe Multifactor Fund | For the Year Ended | For the Year Ended | For the Year Ended | For the Period January 7, 2016* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 29.82 | $ | 29.27 | $ | 23.27 | $ | 24.25 | ||||||||
Investment operations: |
| |||||||||||||||
Net investment income1 | 0.76 | 1.20 | 0.47 | 0.70 | ||||||||||||
Net realized and unrealized gain (loss) | (0.89 | ) | 0.38 | 6.08 | (1.11 | ) | ||||||||||
Total from investment operations | (0.13 | ) | 1.58 | 6.55 | (0.41 | ) | ||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||
Net investment income | (0.53 | ) | (0.86 | ) | (0.44 | ) | (0.57 | ) | ||||||||
Capital gains | (0.87 | ) | (0.17 | ) | (0.11 | ) | — | |||||||||
Total dividends and distributions to shareholders | (1.40 | ) | (1.03 | ) | (0.55 | ) | (0.57 | ) | ||||||||
Net asset value, end of period | $ | 28.29 | $ | 29.82 | $ | 29.27 | $ | 23.27 | ||||||||
TOTAL RETURN2 | (0.25 | )% | 5.41 | % | 28.55 | % | (1.81 | )% | ||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||
Net assets, end of period (000’s omitted) | $ | 12,730 | $ | 16,401 | $ | 1,463 | $ | 4,655 | ||||||||
Ratios to average net assets of: |
| |||||||||||||||
Expenses, net of expense waivers | 0.43 | % | 0.43 | % | 0.43 | % | 0.43 | %3 | ||||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
Net investment income | 2.68 | % | 3.82 | % | 1.86 | % | 6.02 | %3 | ||||||||
Portfolio turnover rate4 | 109 | % | 37 | % | 12 | % | 25 | % | ||||||||
| WisdomTree Globalex-Mexico Equity Fund | For the Year Ended | For the Year Ended | For the Period February 10, 2017* through June 30, 2017 | |||||||||
Net asset value, beginning of period | $ | 29.44 | $ | 26.86 | $ | 25.22 | ||||||
Investment operations: |
| |||||||||||
Net investment income1 | 0.54 | 0.70 | 0.21 | |||||||||
Net realized and unrealized gain | 1.22 | 2.45 | 1.50 | |||||||||
Total from investment operations | 1.76 | 3.15 | 1.71 | |||||||||
Dividends to shareholders: |
| |||||||||||
Net investment income | (1.01 | ) | (0.57 | ) | (0.07 | ) | ||||||
Net asset value, end of period | $ | 30.19 | $ | 29.44 | $ | 26.86 | ||||||
TOTAL RETURN2 | 6.44 | % | 11.74 | % | 6.79 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||
Net assets, end of period (000’s omitted) | $ | 3,019 | $ | 232,612 | $ | 51,042 | ||||||
Ratios to average net assets of: |
| |||||||||||
Expenses, net of expense waivers | 0.20 | % | 0.26 | % | 0.30 | %3 | ||||||
Expenses, prior to expense waivers | 0.20 | % | 0.28 | % | 0.35 | %3 | ||||||
Net investment income | 1.81 | % | 2.40 | % | 2.15 | %3 | ||||||
Portfolio turnover rate4 | 18 | % | 13 | % | 2 | % | ||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result ofin-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.
| 132 | WisdomTree Trust |
Table of Contents
Financial Highlights(continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree ICBCCS S&P China 500 Fund | For the Year Ended | For the Period December 21, 2017* through June 30, 2018 | ||||||
Net asset value, beginning of period | $ | 28.53 | $ | 30.57 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.52 | 0.24 | ||||||
Net realized and unrealized loss | (0.80 | ) | (2.18 | ) | ||||
Total from investment operations | (0.28 | ) | (1.94 | ) | ||||
Dividends to shareholders: |
| |||||||
Net investment income | (0.45 | ) | (0.10 | ) | ||||
Net asset value, end of period | $ | 27.80 | $ | 28.53 | ||||
TOTAL RETURN2 | (0.90 | )% | (6.35 | )% | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 20,848 | $ | 12,841 | ||||
Ratios to average net assets of: |
| |||||||
Expenses | 0.55 | % | 0.55 | %3 | ||||
Net investment income | 1.98 | % | 1.43 | %3 | ||||
Portfolio turnover rate4 | 28 | % | 2 | % | ||||
| WisdomTree Japan Multifactor Fund | For the Year Ended | For the Year Ended | For the Year Ended | For the Period January 7, 2016* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 28.23 | $ | 27.57 | $ | 22.25 | $ | 24.38 | ||||||||
Investment operations: |
| |||||||||||||||
Net investment income1 | 0.64 | 0.56 | 0.38 | 0.28 | ||||||||||||
Net realized and unrealized gain (loss) | (3.49 | ) | 1.19 | 5.32 | (2.22 | ) | ||||||||||
Total from investment operations | (2.85 | ) | 1.75 | 5.70 | (1.94 | ) | ||||||||||
Dividends to shareholders: |
| |||||||||||||||
Net investment income | (0.94 | ) | (1.09 | ) | (0.38 | ) | (0.19 | ) | ||||||||
Net asset value, end of period | $ | 24.44 | $ | 28.23 | $ | 27.57 | $ | 22.25 | ||||||||
TOTAL RETURN2 | (10.20 | )% | 6.34 | % | 25.70 | % | (8.00 | )% | ||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||
Net assets, end of period (000’s omitted) | $ | 1,222 | $ | 2,823 | $ | 2,757 | $ | 4,449 | ||||||||
Ratios to average net assets of: |
| |||||||||||||||
Expenses, net of expense waivers | 0.43 | % | 0.43 | % | 0.43 | % | 0.43 | %3 | ||||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
Net investment income | 2.38 | % | 1.92 | % | 1.51 | % | 2.50 | %3 | ||||||||
Portfolio turnover rate4 | 104 | % | 13 | % | 15 | % | 22 | % | ||||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Japan Multifactor 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 ofin-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
See Notes to Financial Statements.
| WisdomTree Trust | 133 |
Table of Contents
Financial Highlights(continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Fundamental U.S. Corporate Bond Fund | For the Year Ended | For the Year Ended | For the Year Ended | For the Period April 27, 2016* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 47.79 | $ | 49.88 | $ | 50.69 | $ | 49.96 | ||||||||
Investment operations: |
| |||||||||||||||
Net investment income1 | 1.59 | 1.49 | 1.36 | 0.22 | ||||||||||||
Net realized and unrealized gain (loss) | 3.28 | (2.02 | ) | (0.63 | ) | 0.72 | ||||||||||
Total from investment operations | 4.87 | (0.53 | ) | 0.73 | 0.94 | |||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||
Net investment income | (1.57 | ) | (1.56 | ) | (1.30 | ) | (0.21 | ) | ||||||||
Capital gains | — | — | (0.24 | ) | — | |||||||||||
Total dividends and distributions to shareholders | (1.57 | ) | (1.56 | ) | (1.54 | ) | (0.21 | ) | ||||||||
Net asset value, end of period | $ | 51.09 | $ | 47.79 | $ | 49.88 | $ | 50.69 | ||||||||
TOTAL RETURN2 | 10.44 | % | (1.11 | )% | 1.52 | % | 1.89 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||
Net assets, end of period (000’s omitted) | $ | 5,109 | $ | 4,779 | $ | 4,988 | $ | 5,069 | ||||||||
Ratios to average net assets of: |
| |||||||||||||||
Expenses, net of expense waivers | 0.18 | % | 0.18 | % | 0.18 | % | 0.18 | %3 | ||||||||
Expenses, prior to expense waivers | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | %3 | ||||||||
Net investment income | 3.29 | % | 3.02 | % | 2.74 | % | 2.50 | %3 | ||||||||
Portfolio turnover rate4 | 22 | % | 21 | % | 45 | % | 3 | % | ||||||||
��
| WisdomTree Fundamental U.S. High Yield Corporate Bond Fund | For the Year Ended | For the Year Ended | For the Year Ended | For the Period April 27, 2016* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 49.77 | $ | 52.29 | $ | 50.41 | $ | 50.19 | ||||||||
Investment operations: |
| |||||||||||||||
Net investment income1 | 2.84 | 2.91 | 2.80 | 0.47 | ||||||||||||
Net realized and unrealized gain (loss) | 1.69 | (2.14 | ) | 2.24 | 0.20 | |||||||||||
Total from investment operations | 4.53 | 0.77 | 5.04 | 0.67 | ||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||
Net investment income | (2.75 | ) | (2.89 | ) | (2.79 | ) | (0.45 | ) | ||||||||
Capital gains | (0.04 | ) | (0.40 | ) | (0.37 | ) | — | |||||||||
Total dividends and distributions to shareholders | (2.79 | ) | (3.29 | ) | (3.16 | ) | (0.45 | ) | ||||||||
Net asset value, end of period | $ | 51.51 | $ | 49.77 | $ | 52.29 | $ | 50.41 | ||||||||
TOTAL RETURN2 | 9.43 | % | 1.49 | % | 10.23 | % | 1.34 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||
Net assets, end of period (000’s omitted) | $ | 15,453 | $ | 4,977 | $ | 5,229 | $ | 5,041 | ||||||||
Ratios to average net assets of: |
| |||||||||||||||
Expenses, net of expense waivers | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %3 | ||||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
Net investment income | 5.68 | % | 5.67 | % | 5.38 | % | 5.31 | %3 | ||||||||
Portfolio turnover rate4 | 14 | % | 35 | % | 51 | % | 0 | % | ||||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result ofin-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.
| 134 | WisdomTree Trust |
Table of Contents
Financial Highlights(continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund | For the Year Ended | For the Year Ended | For the Year Ended | For the Period April 27, 2016* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 49.03 | $ | 49.94 | $ | 50.20 | $ | 49.98 | ||||||||
Investment operations: |
| |||||||||||||||
Net investment income1 | 1.24 | 0.98 | 0.79 | 0.12 | ||||||||||||
Net realized and unrealized gain (loss) | 1.39 | (0.88 | ) | (0.28 | ) | 0.21 | ||||||||||
Total from investment operations | 2.63 | 0.10 | 0.51 | 0.33 | ||||||||||||
Dividends to shareholders: |
| |||||||||||||||
Net investment income | (1.23 | ) | (1.01 | ) | (0.77 | ) | (0.11 | ) | ||||||||
Net asset value, end of period | $ | 50.43 | $ | 49.03 | $ | 49.94 | $ | 50.20 | ||||||||
TOTAL RETURN2 | 5.44 | % | 0.19 | % | 1.02 | % | 0.66 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||
Net assets, end of period (000’s omitted) | $ | 5,043 | $ | 4,903 | $ | 4,994 | $ | 5,020 | ||||||||
Ratios to average net assets of: |
| |||||||||||||||
Expenses, net of expense waivers | 0.18 | % | 0.18 | % | 0.18 | % | 0.18 | %3 | ||||||||
Expenses, prior to expense waivers | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | %3 | ||||||||
Net investment income | 2.50 | % | 1.98 | % | 1.58 | % | 1.35 | %3 | ||||||||
Portfolio turnover rate4 | 28 | % | 41 | % | 38 | % | 14 | % | ||||||||
| WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | For the Year Ended | For the Year Ended | For the Year Ended | For the Period April 27, 2016* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 49.91 | $ | 51.39 | $ | 50.32 | $ | 49.95 | ||||||||
Investment operations: |
| |||||||||||||||
Net investment income1 | 2.66 | 2.39 | 2.43 | 0.51 | ||||||||||||
Net realized and unrealized gain (loss) | 0.51 | (0.77 | ) | 1.60 | 0.35 | |||||||||||
Total from investment operations | 3.17 | 1.62 | 4.03 | 0.86 | ||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||
Net investment income | (2.63 | ) | (2.38 | ) | (2.42 | ) | (0.49 | ) | ||||||||
Capital gains | — | (0.72 | ) | (0.54 | ) | — | ||||||||||
Total dividends and distributions to shareholders | (2.63 | ) | (3.10 | ) | (2.96 | ) | (0.49 | ) | ||||||||
Net asset value, end of period | $ | 50.45 | $ | 49.91 | $ | 51.39 | $ | 50.32 | ||||||||
TOTAL RETURN2 | 6.54 | % | 3.28 | % | 8.19 | % | 1.73 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||
Net assets, end of period (000’s omitted) | $ | 20,181 | $ | 4,991 | $ | 5,139 | $ | 5,032 | ||||||||
Ratios to average net assets of: |
| |||||||||||||||
Expenses, net of expense waivers | 0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %3 | ||||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
Net investment income | 5.34 | % | 4.73 | % | 4.72 | % | 5.66 | %3 | ||||||||
Portfolio turnover rate4 | 18 | % | 66 | % | 69 | % | 0 | % | ||||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result ofin-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
See Notes to Financial Statements.
| WisdomTree Trust | 135 |
Table of Contents
Financial Highlights(continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Dynamic Bearish U.S. Equity Fund | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Year Ended June 30, 2017 | For the Period December 23, 2015* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 25.96 | $ | 25.72 | $ | 24.28 | $ | 24.30 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 0.54 | 0.44 | 0.47 | 0.08 | ||||||||||||
Net realized and unrealized gain (loss) | (4.83 | ) | (0.20 | ) | 0.97 | (0.06 | ) | |||||||||
Total from investment operations | (4.29 | ) | 0.24 | 1.44 | 0.02 | |||||||||||
Distributions to shareholders: | ||||||||||||||||
Return of capital | — | — | — | (0.04 | ) | |||||||||||
Net asset value, end of period | $ | 21.67 | $ | 25.96 | $ | 25.72 | $ | 24.28 | ||||||||
TOTAL RETURN2 | (16.53 | )% | 0.93 | % | 5.93 | % | 0.06 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 8,667 | $ | 9,085 | $ | 5,144 | $ | 10,927 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses, net of expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
Expenses, prior to expense waivers | 0.53 | % | 0.53 | % | 0.53 | % | 0.53 | %3 | ||||||||
Net investment income | 2.22 | % | 1.70 | % | 1.90 | % | 0.60 | %3 | ||||||||
Portfolio turnover rate4 | 249 | % | 158 | % | 153 | % | 4 | % | ||||||||
| WisdomTree Dynamic Long/Short U.S. Equity Fund | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2018 | For the Year Ended June 30, 2017 | For the Period December 23, 2015* through June 30, 2016 | ||||||||||||
Net asset value, beginning of period | $ | 33.13 | $ | 30.17 | $ | 26.70 | $ | 25.13 | ||||||||
Investment operations: | ||||||||||||||||
Net investment income1 | 0.66 | 0.56 | 0.55 | 0.24 | ||||||||||||
Net realized and unrealized gain (loss) | (5.41 | ) | 2.72 | 3.47 | 1.49 | |||||||||||
Total from investment operations | (4.75 | ) | 3.28 | 4.02 | 1.73 | |||||||||||
Dividends to shareholders: | ||||||||||||||||
Net investment income | (0.63 | ) | (0.32 | ) | (0.55 | ) | (0.16 | ) | ||||||||
Net asset value, end of period | $ | 27.75 | $ | 33.13 | $ | 30.17 | $ | 26.70 | ||||||||
TOTAL RETURN2 | (14.33 | )% | 10.90 | % | 15.25 | % | 6.88 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 70,767 | $ | 125,892 | $ | 52,797 | $ | 17,358 | ||||||||
Ratios to average net assets of: | ||||||||||||||||
Expenses, net of expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
Expenses, prior to expense waivers | 0.53 | % | 0.53 | % | 0.53 | % | 0.53 | %3 | ||||||||
Net investment income | 2.10 | % | 1.74 | % | 1.95 | % | 1.80 | %3 | ||||||||
Portfolio turnover rate4 | 184 | % | 152 | % | 126 | % | 70 | % | ||||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result ofin-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.
| 136 | WisdomTree Trust |
Table of Contents
Financial Highlights(concluded)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree 90/60 U.S. Balanced Fund | For the Period August 2, 2018* through June 30, 2019 | |||||||
Net asset value, beginning of period | $ | 25.08 | ||||||
Investment operations: | ||||||||
Net investment income1 | 0.38 | |||||||
Net realized and unrealized gain | 2.01 | |||||||
Total from investment operations | 2.39 | |||||||
Dividends to shareholders: | ||||||||
Net investment income | (0.33 | ) | ||||||
Net asset value, end of period | $ | 27.14 | ||||||
TOTAL RETURN2 | 9.64 | % | ||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||
Net assets, end of period (000’s omitted) | $ | 5,428 | ||||||
Ratios to average net assets of: | ||||||||
Expenses | 0.20 | %3 | ||||||
Net investment income | 1.68 | %3 | ||||||
Portfolio turnover rate4 | 11 | % | ||||||
| WisdomTree Balanced Income Fund | For the Year Ended June 30, 2019 | For the Period December 21, 2017* through June 30, 2018 | ||||||
Net asset value, beginning of period | $ | 23.81 | $ | 24.92 | ||||
Investment operations: | ||||||||
Net investment income1 | 0.92 | 0.53 | ||||||
Net realized and unrealized gain (loss) | 0.77 | (1.13 | ) | |||||
Total from investment operations | 1.69 | (0.60 | ) | |||||
Dividends to shareholders: | ||||||||
Net investment income | (0.87 | ) | (0.51 | ) | ||||
Net asset value, end of period | $ | 24.63 | $ | 23.81 | ||||
TOTAL RETURN2 | 7.27 | % | (2.43 | )% | ||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||
Net assets, end of period (000’s omitted) | $ | 3,695 | $ | 1,191 | ||||
Ratios to average net assets5 of: | ||||||||
Expenses, net of expense waivers | 0.03 | % | 0.03 | %3 | ||||
Expenses, prior to expense waivers | 0.40 | % | 0.40 | %3 | ||||
Net investment income | 3.85 | % | 4.12 | %3 | ||||
Portfolio turnover rate4 | 3 | % | 1 | % | ||||
| * | 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 Balanced Income 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 ofin-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. |
See Notes to Financial Statements.
| WisdomTree Trust | 137 |
Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as anopen-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of June 30, 2019, the Trust consisted of 78 operational investment funds (each a “Fund”, collectively, the “Funds”). In accordance with Accounting Standards Update (“ASU”)2013-08, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies. These notes relate only to the Funds listed in the table below:
| Fund | Commencement of Operations | |||
WisdomTree Dynamic Currency Hedged International Equity Fund (“Dynamic Currency Hedged International Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | January 7, 2016 | |||
WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (“Dynamic Currency Hedged International Quality Dividend Growth Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | November 3, 2016 | |||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (“Dynamic Currency Hedged International SmallCap Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’) | January 7, 2016 | |||
WisdomTree Emerging Markets Dividend Fund (“Emerging Markets Dividend Fund’’) | April 7, 2016 | |||
WisdomTree Europe Multifactor Fund (“Europe Multifactor Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)(formerly, WisdomTree Dynamic Currency Hedged Europe Equity Fund) | January 7, 2016 | |||
WisdomTree Globalex-Mexico Equity Fund (“Globalex-Mexico Equity Fund’’) | February 10, 2017 | |||
WisdomTree ICBCCS S&P China 500 Fund (“ICBCCS S&P China 500 Fund’’) | December 21, 2017 | |||
WisdomTree Japan Multifactor Fund (“Japan Multifactor Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)(formerly, WisdomTree Dynamic Currency Hedged Japan Equity Fund) | January 7, 2016 | |||
WisdomTree Fundamental U.S. Corporate Bond Fund (“Fundamental U.S. Corporate Bond Fund’’) | April 27, 2016 | |||
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (“Fundamental U.S. High Yield Corporate Bond Fund’’) | April 27, 2016 | |||
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (“Fundamental U.S. Short-Term Corporate Bond Fund’’) | April 27, 2016 | |||
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (“Fundamental U.S. Short-Term High Yield Corporate Bond Fund’’) | April 27, 2016 | |||
WisdomTree Dynamic Bearish U.S. Equity Fund (“Dynamic Bearish U.S. Equity Fund’’) | December 23, 2015 | |||
WisdomTree Dynamic Long/Short U.S. Equity Fund (“Dynamic Long/Short U.S. Equity Fund’’) | December 23, 2015 | |||
WisdomTree 90/60 U.S. Balanced Fund (“90/60 U.S. Balanced Fund’’) | August 2, 2018 | |||
WisdomTree Balanced Income Fund (“Balanced Income Fund’’) | December 21, 2017 | |||
Each Fund, except WisdomTree Europe Multifactor Fund and WisdomTree Japan Multifactor Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’) or an Index developed by a third party. As of March 29, 2019, the WisdomTree Europe Multifactor Fund and WisdomTree Japan Multifactor Fund are actively managed using a rules-based model approach seeking income and capital appreciation. Prior to March 29, 2019, the WisdomTree Europe Multifactor Fund and WisdomTree Japan Multifactor Fund were known as the WisdomTree Dynamic Currency Hedged Europe Equity Fund and WisdomTree Dynamic Currency Hedged Japan Equity Fund, respectively, and each 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 benon-diversified as defined under the 1940 Act.
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.
| 138 | WisdomTree Trust |
Table of Contents
Notes to Financial Statements(continued)
The following is a summary of significant accounting policies followed by the Funds:
Use of Estimates— The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Investment Valuation— The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g. broker-dealers) 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. ornon-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities, may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. U.S. fixed income securities may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade. Swap contracts are generally marked to market daily based upon values from independent pricing service providers or quotations from broker-dealers to the extent available.
In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject tonon-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
| WisdomTree Trust | 139 |
Table of Contents
Notes to Financial Statements(continued)
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 beende-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).
The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:
Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or prices obtained from independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models may 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 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 following is a summary of the fair valuations according to the inputs used as of June 30, 2019 in valuing each Fund’s assets:
| Dynamic Currency Hedged International Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 252,105,302 | $ | — | $ | — | ||||||
Rights | 27,568 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,699,501 | — | |||||||||
Total | $ | 252,132,870 | $ | 1,699,501 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 57,148 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (2,659,701 | ) | — | ||||||||
Total - Net | $ | 252,132,870 | $ | (903,052 | ) | $ | — | |||||
| Dynamic Currency Hedged International Quality Dividend Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
Exchange-Traded Fund | $ | 28,732,853 | $ | — | $ | — | ||||||
Total | $ | 28,732,853 | $ | — | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 6,073 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (324,002 | ) | — | ||||||||
Total - Net | $ | 28,732,853 | $ | (317,929 | ) | $ | — | |||||
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| Dynamic Currency Hedged International SmallCap Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
Australia | $ | 3,471,143 | $ | — | $ | 0 | ** | |||||
Singapore | 1,052,264 | — | 17,993 | ** | ||||||||
Other* | 29,571,999 | — | — | |||||||||
Rights | 892 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 772,019 | — | |||||||||
Total | $ | 34,096,298 | $ | 772,019 | $ | 17,993 | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 14,511 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (336,492 | ) | — | ||||||||
Total - Net | $ | 34,096,298 | $ | 450,038 | $ | 17,993 | ||||||
| Emerging Markets Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks | ||||||||||||
South Africa | $ | 2,836,386 | $ | — | $ | 345 | ** | |||||
Other* | 47,127,329 | — | — | |||||||||
Rights | ||||||||||||
Chile | 2,067 | — | — | |||||||||
Hong Kong | — | — | 0 | ** | ||||||||
Warrants | 122 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 219,327 | — | |||||||||
Total | $ | 49,965,904 | $ | 219,327 | $ | 345 | ||||||
| Europe Multifactor Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 12,785,817 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 5,482 | — | |||||||||
Total | $ | 12,785,817 | $ | 5,482 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 6,935 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (186,506 | ) | — | ||||||||
Total - Net | $ | 12,785,817 | $ | (174,089 | ) | $ | — | |||||
| Globalex-Mexico Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 2,962,220 | $ | — | $ | — | ||||||
Rights | 128 | — | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 5,495 | — | |||||||||
Total | $ | 2,962,348 | $ | 5,495 | $ | — | ||||||
| ICBCCS S&P China 500 Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 20,637,228 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 54,989 | — | |||||||||
Total | $ | 20,637,228 | $ | 54,989 | $ | — | ||||||
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| Japan Multifactor Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 1,223,372 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 5,686 | — | |||||||||
Total | $ | 1,223,372 | $ | 5,686 | $ | — | ||||||
Unrealized Appreciation on Foreign Currency Contracts | — | 37 | — | |||||||||
Unrealized Depreciation on Foreign Currency Contracts | — | (3,829 | ) | — | ||||||||
Total - Net | $ | 1,223,372 | $ | 1,894 | $ | — | ||||||
| Fundamental U.S. Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
U.S. Corporate Bonds | $ | — | $ | 4,984,111 | $ | — | ||||||
Foreign Corporate Bonds | — | 25,252 | — | |||||||||
U.S. Government Obligations | — | 10,249 | — | |||||||||
Total | $ | — | $ | 5,019,612 | $ | — | ||||||
| Fundamental U.S. High Yield Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
U.S. Corporate Bonds | $ | — | $ | 15,079,499 | $ | — | ||||||
Foreign Corporate Bond | — | 52,125 | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 514,213 | — | |||||||||
Total | $ | — | $ | 15,645,837 | $ | — | ||||||
| Fundamental U.S. Short-Term Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
U.S. Corporate Bonds | $ | — | $ | 4,751,402 | $ | — | ||||||
Foreign Corporate Bonds | — | 157,443 | — | |||||||||
U.S. Government Obligations | — | 41,341 | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 3,098 | — | |||||||||
Total | $ | — | $ | 4,953,284 | $ | — | ||||||
| Fundamental U.S. Short-Term High Yield Corporate Bond Fund | Level 1 | Level 2 | Level 3 | |||||||||
U.S. Corporate Bonds | $ | — | $ | 19,564,023 | $ | — | ||||||
Foreign Corporate Bonds | — | 245,610 | — | |||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,010,193 | — | |||||||||
Total | $ | — | $ | 20,819,826 | $ | — | ||||||
| Dynamic Bearish U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 9,059,666 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 105,944 | — | |||||||||
Total | $ | 9,059,666 | $ | 105,944 | $ | — | ||||||
Unrealized Depreciation on Swap Contracts | — | (433,504 | ) | — | ||||||||
Total - Net | $ | 9,059,666 | $ | (327,560 | ) | $ | — | |||||
| Dynamic Long/Short U.S. Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 71,966,169 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 280,543 | — | |||||||||
Total | $ | 71,966,169 | $ | 280,543 | $ | — | ||||||
Unrealized Depreciation on Swap Contracts | — | (3,413,074 | ) | — | ||||||||
Total - Net | $ | 71,966,169 | $ | (3,132,531 | ) | $ | — | |||||
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| 90/60 U.S. Balanced Fund | Level 1 | Level 2 | Level 3 | |||||||||
Common Stocks* | $ | 4,906,088 | $ | — | $ | — | ||||||
U.S. Government Obligations | — | 29,875 | — | |||||||||
Total | $ | 4,906,088 | $ | 29,875 | $ | — | ||||||
Unrealized Appreciation on Futures Contracts | 63,727 | — | — | |||||||||
Total - Net | $ | 4,969,815 | $ | 29,875 | $ | — | ||||||
| Balanced Income Fund | Level 1 | Level 2 | Level 3 | |||||||||
Exchange-Traded Funds | $ | 3,694,467 | $ | — | $ | — | ||||||
Investment of Cash Collateral for Securities Loaned | — | 21,219 | — | |||||||||
Total | $ | 3,694,467 | $ | 21,219 | $ | — | ||||||
| * | 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 following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:
| Common Stocks | ||||
| China | ||||
ICBCCS S&P China 500 Fund | ||||
Balance as of June 30, 2018 | $ | 176,198 | ||
Realized gain (loss) | (26,603 | ) | ||
Change in unrealized appreciation (depreciation) | 8,543 | |||
Purchases | 2,648 | |||
Sales | (13,178 | ) | ||
Transfers into Level 3 | — | |||
Transfers out of Level 3 | (147,608 | ) | ||
Balance as of June 30, 2019 | $ | — | ||
Net change in unrealized appreciation (depreciation) from Level 3 fair value investments held as of June 30, 2019 is: | $ | — | ||
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, swap contracts and futures contracts during the year ended June 30, 2019 and open positions in such derivatives as of June 30, 2019 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the security or where the counterparty to a derivative contract might default on its obligations. The Funds’ derivative agreements also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at June 30, 2019 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 148 and 149. At June 30, 2019, no event occurred that triggered a credit-risk-related contingent feature. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of June 30, 2019, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.
As of June 30, 2019, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:
| Fund | Asset Derivatives | Liability Derivatives | ||||||||||
| Balance Sheet Location | Value | Balance Sheet Location | Value | |||||||||
Dynamic Currency Hedged International Equity Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | 57,148 | Unrealized depreciation on foreign currency contracts | $ | 2,659,701 | ||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 6,073 | Unrealized depreciation on foreign currency contracts | 324,002 | ||||||||
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| Fund | Asset Derivatives | Liability Derivatives | ||||||||||
| Balance Sheet Location | Value | Balance Sheet Location | Value | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | 14,511 | Unrealized depreciation on foreign currency contracts | $ | 336,492 | ||||||
Europe Multifactor Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 6,935 | Unrealized depreciation on foreign currency contracts | 186,506 | ||||||||
Japan Multifactor Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 37 | Unrealized depreciation on foreign currency contracts | 3,829 | ||||||||
Dynamic Bearish U.S. Equity Fund |
| |||||||||||
Equity contracts | Unrealized appreciation on swap contracts | — | Unrealized depreciation on swap contracts | 433,504 | ||||||||
Dynamic Long/Short U.S. Equity Fund |
| |||||||||||
Equity contracts | Unrealized appreciation on swap contracts | — | Unrealized depreciation on swap contracts | 3,413,074 | ||||||||
90/60 U.S. Balanced Fund |
| |||||||||||
Interest rate contracts | Unrealized appreciation on futures contracts* | 63,727 | Unrealized depreciation on futures contracts* | — | ||||||||
| * | Includes cumulative appreciation (depreciation) of futures contracts as reported in each Fund’s Schedule of Investments. Only current day’s variation margin is reported within the Statements of Assets and Liabilities. Please see Note 2 (Futures Contracts) on pages146-147 for additional information regarding balance sheet location of balances associated with futures contracts. |
For the fiscal year or period ended June 30, 2019, the effects of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:
| Fund | Amount of Realized Gain or (Loss) on Derivatives Recognized1 | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized2 | ||||||
Dynamic Currency Hedged International Equity Fund |
| |||||||
Foreign exchange contracts | $ | 10,400,406 | $ | (4,399,047 | ) | |||
Dynamic Currency Hedged International Quality Dividend Growth Fund |
| |||||||
Foreign exchange contracts | 1,056,066 | (481,563 | ) | |||||
Dynamic Currency Hedged International SmallCap Equity Fund |
| |||||||
Foreign exchange contracts | 895,383 | (484,365 | ) | |||||
Emerging Markets Dividend Fund |
| |||||||
Foreign exchange contracts | 7,863 | — | ||||||
Europe Multifactor Fund |
| |||||||
Foreign exchange contracts | 887,840 | (199,070 | ) | |||||
Globalex-Mexico Equity Fund |
| |||||||
Foreign exchange contracts | 10,835 | — | ||||||
ICBCCS S&P China 500 Fund |
| |||||||
Foreign exchange contracts | (1,209 | ) | — | |||||
Japan Multifactor Fund |
| |||||||
Foreign exchange contracts | 28,247 | (33,956 | ) | |||||
Dynamic Bearish U.S. Equity Fund |
| |||||||
Equity contracts | (432,125 | ) | (520,602 | ) | ||||
Dynamic Long/Short U.S. Equity Fund |
| |||||||
Equity contracts | (18,808,766 | ) | (3,413,074 | ) | ||||
90/60 U.S. Balanced Fund3 |
| |||||||
Interest rate contracts | 125,372 | 63,727 | ||||||
| 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 swap contracts | |
Interest rate contracts | Net realized gain (loss) from futures contracts |
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| 2 | Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows: |
Foreign exchange contracts | Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts | |
Equity contracts | Net increase (decrease) in unrealized appreciation/depreciation from swap contracts | |
Interest rate contracts | Net increase (decrease) in unrealized appreciation/depreciation from futures contracts |
| 3 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
During the fiscal year or period ended June 30, 2019, the volume of derivative activity (based on the average ofmonth-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) | Swap contracts (short) | Futures contracts (long) | ||||||||||||
Dynamic Currency Hedged International Equity Fund | ||||||||||||||||
Foreign exchange contracts | $ | 171,260,917 | $ | 335,076,888 | $ | — | $ | — | ||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund |
| |||||||||||||||
Foreign exchange contracts | 15,884,457 | 30,895,462 | — | — | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund |
| |||||||||||||||
Foreign exchange contracts | 17,481,779 | 34,543,658 | — | — | ||||||||||||
Emerging Markets Dividend Fund | ||||||||||||||||
Foreign exchange contracts | 53,088 | 6,526 | — | — | ||||||||||||
Europe Multifactor Fund | ||||||||||||||||
Foreign exchange contracts | 9,877,041 | 19,184,661 | — | — | ||||||||||||
Globalex-Mexico Equity Fund | ||||||||||||||||
Foreign exchange contracts | 1,303 | 1,358 | — | — | ||||||||||||
ICBCCS S&P China 500 Fund1 | ||||||||||||||||
Foreign exchange contracts | 377,522 | 1,034,537 | — | — | ||||||||||||
Japan Multifactor Fund | ||||||||||||||||
Foreign exchange contracts | 1,719,051 | 3,484,682 | — | — | ||||||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||||||
Equity contracts | — | — | 9,364,949 | — | ||||||||||||
Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||
Equity contracts | — | — | 23,790,349 | — | ||||||||||||
90/60 U.S. Balanced Fund2 | ||||||||||||||||
Interest rate contracts | — | — | — | 2,573,134 | ||||||||||||
| 1 | The volume of derivative activity for the period is based on intra-month balances. |
| 2 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
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 theex-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 theex-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 effective 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 ofnet realizedgain (loss) from investment transactions andnet increase (decrease) in unrealized appreciation (depreciation) from investmenttransactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included innet realized gain (loss) from foreign currency contracts andnet 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 innet realized gain (loss) from foreign currency related transactions and/or
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increase (decrease)in unrealized appreciation (depreciation) from translationof assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.
Expenses/Reimbursements— Under the investment advisory agreement for each Fund,WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (‘‘Independent Trustees’’); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule12b-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 (“AFFEs”) (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.
Foreign minimum reserve funds — In order to mitigate the risk of failed trades in the onshore China equity market, the China Securities Depository and Clearing Corporation Limited (“CSDCC”) requires investors to maintain minimum reserve funds in one of the CDSCC’s designated cash clearing banks. At June 30, 2019, the ICBCCS S&P China 500 Fund, held foreign currency in such a CSDCC designated clearing bank having a U.S. dollar equivalent value equal to $4,077.
Currency Transactions— The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the Currency Hedged Equity Funds, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.
Forward Foreign Currency Contracts— The Currency Hedged Equity Funds utilized forward foreign currency contracts (‘‘Forward Contract’’) to dynamically obtain either a net long or net short exposure to foreign currencies consistent with each Fund’s investment strategy. The Emerging Markets Dividend Fund, Globalex-Mexico Equity Fund and the ICBCCS S&P China 500 Fund utilized Forward Contracts to facilitate foreign security settlements. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.
Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.
Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included innet increase (decrease) in unrealized appreciation (depreciation) from foreign currency contractson 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 innet realized gain (loss) from foreign currency contractson the Statements of Operations.
Futures Contracts —The 90/60 U.S. Balanced Fund utilized futures contracts to obtain long exposure to U.S. Treasury obligations consistent with its investment strategy. 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.
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Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts payments may be made or received at settlement. Such variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.
Total Return Swap Contracts —The Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. Total return swap contracts are agreements between counterparties to exchange the return of a given underlying reference asset/index, including income and any appreciation/depreciation in value of the reference asset/index, in exchange for payments equal to a rate of interest on another reference asset. During the term of the outstanding swap agreement, changes in the underlying value of the swap are recorded as unrealized gains and losses and the periodic payments received or made on the swap are recorded as realized gains or losses. Swap agreements may be used to achieve exposure to, for example, currencies, interest rates, indexes and money market securities without actually purchasing such currencies or securities. A Fund may use swap agreements to invest in a market without owning or taking physical custody of the underlying securities in circumstances in which direct investment is restricted for legal reasons or is otherwise impractical. Swap agreements will tend to shift a Fund’s investment exposure from one type of investment to another or from one payment stream to another. Depending on their structure, swap agreements may increase or decrease a Fund’s exposure to long- or short-term interest rates (in the United States or abroad), foreign currencies, corporate borrowing rates, or other factors, and may increase or decrease the overall volatility of a Fund’s investments and its share price. Total return swaps are exposed to the market risk factor of the specific underlying reference asset/index such as unanticipated movements in the value of the exchange rates, interest rates, securities, or the reference asset/index. Additional risks to a Fund include the possibility that there is no liquid market for these agreements or that the swap counterparty may default on its obligation to perform. A Fund’s maximum loss from counterparty risk is the fair value of the contract.
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. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.
Master Netting Arrangements— ASUNo. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU2011-11”) 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. ASU2011-11 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. ASU2011-11 is limited in scope to
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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 governsover-the-counter derivatives (“OTC”), such as total return swap contracts and Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights ofset-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’snon-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.
The Funds’ futures contracts are all exchange traded and are not subject to master netting arrangements. Therefore, all futures contracts are excluded from the netting table below.
For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of June 30, 2019, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractualnetting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:
| Assets | Liabilities | |||||||||||||||||||||||||||||||
Gross Amounts Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | Gross Amounts Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | ||||||||||||||||||||||||||||
| Fund | Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | Net Amount | |||||||||||||||||||||||||||
Securities Lending | $ | 3,138,822 | $ | — | $ | (3,138,822 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Foreign Currency Contracts | 57,148 | (57,148 | ) | — | — | 2,659,701 | (57,148 | ) | — | 2,602,553 | ||||||||||||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||||||||||||||||||||||
Foreign Currency Contracts | 6,073 | (6,073 | ) | — | — | 324,002 | (6,073 | ) | — | 317,929 | ||||||||||||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 1,231,011 | — | (1,231,011 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 14,511 | (14,511 | ) | — | — | 336,492 | (14,511 | ) | — | 321,981 | ||||||||||||||||||||||
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| Assets | Liabilities | |||||||||||||||||||||||||||||||
Gross Amounts Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | Gross Amounts Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | ||||||||||||||||||||||||||||
| Fund | Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | Net Amount | |||||||||||||||||||||||||||
Emerging Markets Dividend Fund | ||||||||||||||||||||||||||||||||
Securities Lending | $ | 304,928 | $ | — | $ | (304,928 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Europe Multifactor Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 128,988 | — | (128,988 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 6,935 | (4,454 | ) | — | 2,481 | 186,506 | (4,454 | ) | — | 182,052 | ||||||||||||||||||||||
Globalex-Mexico Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 7,634 | — | (7,634 | )1 | — | — | — | — | — | |||||||||||||||||||||||
ICBCCS S&P China 500 Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 178,623 | — | (178,623 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Japan Multifactor Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 8,351 | — | (8,351 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 37 | (37 | ) | — | — | 3,829 | (37 | ) | — | 3,792 | ||||||||||||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 500,695 | — | (500,695 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 3,012 | — | (3,012 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 977,176 | — | (977,176 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Dynamic Bearish U.S. Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 103,804 | — | (103,804 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Swap Contracts | — | — | — | — | 433,504 | — | — | 433,504 | ||||||||||||||||||||||||
Dynamic Long/Short U.S. Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 274,875 | — | (274,875 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Swap Contracts | — | — | — | — | 3,413,074 | — | (2,180,000 | ) | 1,233,074 | |||||||||||||||||||||||
Securities Lending | 27,981 | — | (27,981 | )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 arenon-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 nettax-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 theex-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.
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3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (‘‘Mellon’’) to providesub-advisory services to the Funds, except for Fundamental U.S. Corporate Bond Fund, Fundamental U.S. High Yield Corporate Bond Fund, Fundamental U.S. Short-Term Corporate Bond Fund and Fundamental U.S. Short-Term High Yield Corporate Bond Fund which aresub-advised by Voya Investment Management Co., LLC (‘‘Voya IM’’) and ICBCCS S&P China 500 Fund which issub-advised by ICBC Credit Suisse Asset Management (International) Company Ltd.(‘‘ICBC Credit Suisse’’). Mellon, Voya IM and ICBC Credit Suisse are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all othernon-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 | |||||||||
Dynamic Currency Hedged International Equity Fund | 0.40 | % | (0.05 | )% | October 31, 2019 | |||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 0.58 | % | (0.48 | )%2 | October 31, 2019 | |||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 0.48 | % | (0.05 | )% | October 31, 2019 | |||||||
Emerging Markets Dividend Fund | 0.32 | % | — | — | ||||||||
Europe Multifactor Fund | 0.48 | % | (0.05 | )% | October 31, 2019 | |||||||
Globalex-Mexico Equity Fund | 0.20 | % | — | — | ||||||||
ICBCCS S&P China 500 Fund | 0.55 | % | — | — | ||||||||
Japan Multifactor Fund | 0.48 | % | (0.05 | )% | October 31, 2019 | |||||||
Fundamental U.S. Corporate Bond Fund | 0.28 | % | (0.10 | )% | October 31, 2019 | |||||||
Fundamental U.S. High Yield Corporate Bond Fund | 0.48 | % | (0.10 | )% | October 31, 2019 | |||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 0.28 | % | (0.10 | )% | October 31, 2019 | |||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 0.48 | % | (0.10 | )% | October 31, 2019 | |||||||
Dynamic Bearish U.S. Equity Fund | 0.53 | % | (0.05 | )% | October 31, 2019 | |||||||
Dynamic Long/Short U.S. Equity Fund | 0.53 | % | (0.05 | )% | October 31, 2019 | |||||||
90/60 U.S. Balanced Fund3 | 0.20 | % | — | — | ||||||||
Balanced Income Fund | 0.40 | % | (0.37 | )%4 | December 31, 2020 | |||||||
| 1 | WTAM has contractually agreed to waive a portion of its advisory fee by the waiver amount listed per annum based on the average daily net assets through the expiration date listed, unless earlier terminated by the Board of Trustees of the Trust for any reason. The dollar amount of contractual fee waivers are included in “Expense waivers” on the Statements of Operations. |
| 2 | WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund (approximately 0.38% per annum), as well as an additional 0.10% per annum. |
| 3 | Since the commencement of operations on August 2, 2018. |
| 4 | WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Funds (approximately 0.32% per annum), as well as an additional 0.05% per annum. |
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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 June 30, 2019 are as follows:
| Fund | Value at 6/30/2018 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Depreciation | Value at 6/30/2019 | Dividend Income | Capital Gain Distribution | ||||||||||||||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | ||||||||||||||||||||||||||||||||
WisdomTree International Quality Dividend Growth Fund | $ | 19,718,373 | $ | 20,194,745 | $ | 9,895,642 | $ | (779,589 | ) | $ | (505,034 | ) | $ | 28,732,853 | $ | 465,146 | $ | — | ||||||||||||||
Balanced Income Fund | ||||||||||||||||||||||||||||||||
Dynamic Currency Hedged International Equity Fund | $ | 118,584 | $ | 225,234 | $ | 14,942 | $ | (1,859 | ) | $ | 10,050 | $ | 337,067 | $ | 10,210 | $ | — | |||||||||||||||
Emerging Markets Dividend Fund | 87,301 | 166,885 | 17,530 | (1,896 | ) | 11,059 | 245,819 | 6,668 | — | |||||||||||||||||||||||
Fundamental U.S. Corporate Bond Fund | 65,352 | 132,726 | 5,957 | (269 | ) | 14,813 | 206,665 | 5,144 | — | |||||||||||||||||||||||
WisdomTree Emerging Markets Local Debt Fund | 37,049 | 93,659 | 2,343 | (338 | ) | 5,808 | 133,835 | 5,471 | — | |||||||||||||||||||||||
WisdomTree Interest Rate Hedged High Yield Bond Fund | 67,789 | 134,613 | 8,505 | (315 | ) | (3,046 | ) | 190,536 | 8,690 | 145 | ||||||||||||||||||||||
WisdomTree International High Dividend Fund | 148,171 | 284,679 | 8,927 | (1,277 | ) | 2,499 | 425,145 | 15,923 | — | |||||||||||||||||||||||
WisdomTree U.S. High Dividend Fund | 240,384 | 533,073 | 8,419 | (360 | ) | 33,464 | 798,142 | 21,984 | — | |||||||||||||||||||||||
WisdomTree U.S. LargeCap Dividend Fund | 122,419 | 265,451 | 3,926 | (174 | ) | 29,799 | 413,569 | 8,903 | — | |||||||||||||||||||||||
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 238,569 | 480,113 | 16,065 | (584 | ) | 39,358 | 741,391 | 19,101 | — | |||||||||||||||||||||||
Total Balanced Income Fund | $ | 1,125,618 | $ | 2,316,433 | $ | 86,614 | $ | (7,072 | ) | $ | 143,804 | $ | 3,492,169 | $ | 102,094 | $ | 145 | |||||||||||||||
During the fiscal year ended June 30, 2019, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended June 30, 2019, 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 Loss | |||||||||
Dynamic Currency Hedged International Equity Fund | $ | 14,735,669 | $ | 9,979,520 | $ | (1,241,398 | ) | |||||
Dynamic Currency Hedged International SmallCap Equity Fund | 1,865,584 | 1,258,477 | (157,050 | ) | ||||||||
Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of June 30, 2019, 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 and Distributions paid to WTAM on Fund Shares held by WTAM | |||||||||
Dynamic Currency Hedged International Equity Fund | 2,197 | $ | 63,735 | $ | 2,113 | |||||||
Emerging Markets Dividend Fund | 557 | 17,586 | 647 | |||||||||
Japan Multifactor Fund | 25,000 | 612,500 | 27,138 | |||||||||
Fundamental U.S. Corporate Bond Fund | 191 | 9,775 | 27,141 | |||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 331 | 16,982 | 619 | |||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 40,124 | 2,026,262 | 21,813 | |||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 58 | 2,934 | 116 | |||||||||
Dynamic Bearish U.S. Equity Fund | 191 | 4,128 | — | |||||||||
Dynamic Long/Short U.S. Equity Fund | 141 | 3,903 | 103 | |||||||||
4. CAPITAL SHARE TRANSACTIONS
As of June 30, 2019, 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 thein-kind contribution of a basket of securities and/or 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.
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5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales resulting fromin-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting fromin-kind capital share transactions (excluding short-term investments) for the fiscal year ended June 30, 2019 are shown in the following table. Realized gains and losses on sales resulting fromin-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
| In-kind Capital Share Transactions | ||||||||||||||||
| Fund | Purchases | Sales | Purchases | Sales | ||||||||||||
Dynamic Currency Hedged International Equity Fund | $ | 72,600,349 | $ | 60,694,785 | $ | 71,050,953 | $ | 85,268,952 | ||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 1,258,993 | 1,426,776 | 18,935,751 | 8,468,865 | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 16,589,854 | 13,594,031 | 18,060,936 | 2,525,089 | ||||||||||||
Emerging Markets Dividend Fund | 18,009,207 | 10,346,443 | 7,937,212 | — | ||||||||||||
Europe Multifactor Fund | 15,890,696 | 15,464,076 | — | 2,510,839 | ||||||||||||
Globalex-Mexico Equity Fund | 16,157,080 | 23,786,147 | 5,317,155 | 225,558,204 | ||||||||||||
ICBCCS S&P China 500 Fund | 14,845,723 | 4,267,273 | 701,520 | 2,837,187 | ||||||||||||
Japan Multifactor Fund | 2,712,089 | 2,566,947 | — | 1,418,247 | ||||||||||||
Fundamental U.S. Corporate Bond Fund | 1,052,980 | 1,060,656 | — | — | ||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 1,396,409 | 1,393,739 | 9,910,236 | — | ||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 1,356,799 | 1,360,039 | — | — | ||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 2,109,545 | 6,755,354 | 24,574,844 | 5,002,927 | ||||||||||||
Dynamic Bearish U.S. Equity Fund | 21,143,854 | 23,208,253 | 11,295,260 | 7,437,219 | ||||||||||||
Dynamic Long/Short U.S. Equity Fund | 239,100,671 | 257,646,110 | 123,321,481 | 153,005,156 | ||||||||||||
90/60 U.S. Balanced Fund1 | 648,527 | 434,041 | 4,369,034 | — | ||||||||||||
Balanced Income Fund | 96,189 | 92,101 | 2,350,814 | — | ||||||||||||
| 1 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
6. FEDERAL INCOME TAXES
At June 30, 2019, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:
| Investments in Long Securities | Investments in Financial Derivatives1 | |||||||||||||||||||||||||||||||||||
| Fund | Tax Cost | Gross Unrealized | Gross Unrealized | Net Unrealized Appreciation/ (Depreciation) | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation/ (Depreciation) | Total Net Unrealized Appreciation/ (Depreciation) | ||||||||||||||||||||||||||||
Dynamic Currency Hedged International Equity Fund | $ | 253,845,622 | $ | 16,103,232 | $ | (16,116,483 | ) | $ | (13,251 | ) | $ | 1,120 | $ | (79,550 | ) | $ | (78,430 | ) | $ | (91,681 | ) | |||||||||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 29,407,118 | — | (674,265 | ) | (674,265 | ) | 1,246 | (40,206 | ) | (38,960 | ) | (713,225 | ) | |||||||||||||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 35,587,416 | 1,522,421 | (2,223,527 | ) | (701,106 | ) | 270 | (13,923 | ) | (13,653 | ) | (714,759 | ) | |||||||||||||||||||||||
Emerging Markets Dividend Fund | 48,382,827 | 4,336,687 | (2,533,938 | ) | 1,802,749 | — | — | — | 1,802,749 | |||||||||||||||||||||||||||
Europe Multifactor Fund | 12,699,836 | 446,552 | (355,089 | ) | 91,463 | 82 | (6,162 | ) | (6,080 | ) | 85,383 | |||||||||||||||||||||||||
Globalex-Mexico Equity Fund | 3,105,062 | 178,700 | (315,919 | ) | (137,219 | ) | — | — | — | (137,219 | ) | |||||||||||||||||||||||||
ICBCCS S&P China 500 Fund | 23,130,872 | 708,812 | (3,147,467 | ) | (2,438,655 | ) | — | — | — | (2,438,655 | ) | |||||||||||||||||||||||||
Japan Multifactor Fund | 1,247,424 | 35,129 | (53,495 | ) | (18,366 | ) | — | — | — | (18,366 | ) | |||||||||||||||||||||||||
Fundamental U.S. Corporate Bond Fund | 4,845,475 | 182,990 | (8,853 | ) | 174,137 | — | — | — | 174,137 | |||||||||||||||||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 15,249,537 | 495,380 | (99,080 | ) | 396,300 | — | — | — | 396,300 | |||||||||||||||||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 4,891,264 | 65,216 | (3,196 | ) | 62,020 | — | — | — | 62,020 | |||||||||||||||||||||||||||
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Notes to Financial Statements(continued)
| Investments in Long Securities | Investments in Financial Derivatives1 | |||||||||||||||||||||||||||||||||||
| Fund | Tax Cost | Gross Unrealized | Gross Unrealized | Net Unrealized Appreciation/ (Depreciation) | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation/ (Depreciation) | Total Net Unrealized Appreciation/ (Depreciation) | ||||||||||||||||||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | $ | 20,666,522 | $ | 301,139 | $ | (147,835 | ) | $ | 153,304 | $ | — | $ | — | $ | — | $ | 153,304 | |||||||||||||||||||
Dynamic Bearish U.S. Equity Fund | 9,408,238 | 281,898 | (524,526 | ) | (242,628 | ) | — | — | — | (242,628 | ) | |||||||||||||||||||||||||
Dynamic Long/Short U.S. Equity Fund | 73,512,689 | 3,191,592 | (4,457,569 | ) | (1,265,977 | ) | — | — | — | (1,265,977 | ) | |||||||||||||||||||||||||
90/60 U.S. Balanced Fund | 4,561,978 | 492,474 | (118,489 | ) | 373,985 | — | — | — | 373,985 | |||||||||||||||||||||||||||
Balanced Income Fund | 3,617,391 | 109,635 | (11,340 | ) | 98,295 | — | — | — | 98,295 | |||||||||||||||||||||||||||
| 1 | Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments. |
At June 30, 2019, the components of accumulated earnings/(loss) on atax-basis were as follows:
| Fund | Undistributed Ordinary Income | Undistributed Capital and Other Gains/ (Losses) | Net Unrealized Appreciation/ (Depreciation) | Currency and Other Unrealized Appreciation/ (Depreciation) | Total Accumulated (Losses) | |||||||||||||||
Dynamic Currency Hedged International Equity Fund | $ | 475,898 | $ | (10,316,504 | ) | $ | (91,681 | ) | $ | 3,106 | $ | (9,929,181 | ) | |||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | — | (102,480 | ) | (713,225 | ) | 5 | (815,700 | ) | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 99,040 | (1,265,469 | ) | (714,759 | ) | 283 | (1,880,905 | ) | ||||||||||||
Emerging Markets Dividend Fund | 286,351 | (1,312,844 | ) | 1,802,749 | 784 | 777,040 | ||||||||||||||
Europe Multifactor Fund | 39,781 | (1,628,552 | ) | 85,383 | (224 | ) | (1,503,612 | ) | ||||||||||||
Globalex-Mexico Equity Fund | 39,795 | (3,584,301 | ) | (137,219 | ) | (1,896 | ) | (3,683,621 | ) | |||||||||||
ICBCCS S&P China 500 Fund | 98,337 | (438,505 | ) | (2,438,655 | ) | 133 | (2,778,690 | ) | ||||||||||||
Japan Multifactor Fund | 4,250 | (141,180 | ) | (18,366 | ) | 59 | (155,237 | ) | ||||||||||||
Fundamental U.S. Corporate Bond Fund | 2,575 | (66,105 | ) | 174,137 | — | 110,607 | ||||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 1,838 | (2,090 | ) | 396,300 | — | 396,048 | ||||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 1,694 | (21,217 | ) | 62,020 | — | 42,497 | ||||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 4,823 | (93,597 | ) | 153,304 | — | 64,530 | ||||||||||||||
Dynamic Bearish U.S. Equity Fund | — | (3,690,856 | ) | (242,628 | ) | — | (3,933,484 | ) | ||||||||||||
Dynamic Long/Short U.S. Equity Fund | — | (36,033,374 | ) | (1,265,977 | ) | — | (37,299,351 | ) | ||||||||||||
90/60 U.S. Balanced Fund | 49,215 | 113,594 | 373,985 | — | 536,794 | |||||||||||||||
Balanced Income Fund | 2,088 | (7,072 | ) | 98,295 | — | 93,311 | ||||||||||||||
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Notes to Financial Statements(continued)
The tax character of distributions paid during the fiscal years or periods ended June 30, 2019 and June 30, 2018, was as follows:
| Year or Periods Ended June 30, 2019 | Year or Periods Ended June 30, 2018 | |||||||||||||||
| Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Long-Term Capital Gains | Distributions Paid from Ordinary Income* | Distributions Paid from Long-Term Capital Gains | ||||||||||||
Dynamic Currency Hedged International Equity Fund | $ | 8,264,658 | $ | — | $ | 10,842,896 | $ | — | ||||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 626,950 | 579,775 | 125,968 | 14,322 | ||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 790,071 | — | 290,413 | — | ||||||||||||
Emerging Markets Dividend Fund | 1,392,048 | — | 664,614 | — | ||||||||||||
Europe Multifactor Fund | 244,235 | 479,481 | 493,801 | 63,574 | ||||||||||||
Globalex-Mexico Equity Fund | 1,681,088 | — | 3,027,467 | — | ||||||||||||
ICBCCS S&P China 500 Fund | 271,255 | — | 46,004 | 1 | — | |||||||||||
Japan Multifactor Fund | 65,184 | — | 109,141 | — | ||||||||||||
Fundamental U.S. Corporate Bond Fund | 157,460 | — | 155,972 | — | ||||||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 568,477 | 7,503 | 314,632 | 14,280 | ||||||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 122,743 | — | 100,702 | — | ||||||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 640,720 | — | 271,961 | 37,949 | ||||||||||||
Dynamic Bearish U.S. Equity Fund | — | — | — | — | ||||||||||||
Dynamic Long/Short U.S. Equity Fund | 3,467,921 | — | 999,130 | — | ||||||||||||
90/60 U.S. Balanced Fund | 59,123 | 2 | — | — | — | |||||||||||
Balanced Income Fund | 108,265 | — | 50,801 | 1 | — | |||||||||||
| * | Includes short-term capital gains if any. |
| 1 | For the period December 21, 2017 (commencement of operations) through June 30, 2018. |
| 2 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
At June 30, 2019, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
| Fund | Short-Term Post-Effective No Expiration | Long-Term Post-Effective No Expiration | Capital Loss Available Total | |||||||||
Dynamic Currency Hedged International Equity Fund | $ | 3,145,291 | $ | 7,171,213 | $ | 10,316,504 | ||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | — | — | — | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 1,213,371 | 52,098 | 1,265,469 | |||||||||
Emerging Markets Dividend Fund | 1,193,248 | 119,596 | 1,312,844 | |||||||||
Europe Multifactor Fund | — | — | — | |||||||||
Globalex-Mexico Equity Fund | 2,808,925 | 775,376 | 3,584,301 | |||||||||
ICBCCS S&P China 500 Fund | 285,542 | 152,963 | 438,505 | |||||||||
Japan Multifactor Fund | 141,180 | — | 141,180 | |||||||||
Fundamental U.S. Corporate Bond Fund | 11,145 | 54,960 | 66,105 | |||||||||
Fundamental U.S. High Yield Corporate Bond Fund | 2,090 | — | 2,090 | |||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | 4,710 | 16,507 | 21,217 | |||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 69,725 | 23,872 | 93,597 | |||||||||
Dynamic Bearish U.S. Equity Fund | 3,381,741 | 21,794 | 3,403,535 | |||||||||
Dynamic Long/Short U.S. Equity Fund | 33,544,861 | 210,016 | 33,754,877 | |||||||||
90/60 U.S. Balanced Fund | — | — | — | |||||||||
Balanced Income Fund | 5,952 | 1,120 | 7,072 | |||||||||
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.
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Notes to Financial Statements(continued)
During the fiscal year or period ended June 30, 2019, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:
| Fund | Late Year Ordinary Loss | Short-Term Post-October Capital Losses | Long-Term Post-October Capital Losses | |||||||||
Dynamic Currency Hedged International Equity Fund | $ | — | $ | — | $ | — | ||||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | — | 13,250 | 89,230 | |||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | — | — | — | |||||||||
Emerging Markets Dividend Fund | — | — | — | |||||||||
Europe Multifactor Fund | — | 406,688 | 1,221,864 | |||||||||
Globalex-Mexico Equity Fund | — | — | — | |||||||||
ICBCCS S&P China 500 Fund | — | — | — | |||||||||
Japan Multifactor Fund | — | — | — | |||||||||
Fundamental U.S. Corporate Bond Fund | — | — | — | |||||||||
Fundamental U.S. High Yield Corporate Bond Fund | — | — | — | |||||||||
Fundamental U.S. Short-Term Corporate Bond Fund | — | — | — | |||||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | — | — | — | |||||||||
Dynamic Bearish U.S. Equity Fund | 287,321 | — | — | |||||||||
Dynamic Long/Short U.S. Equity Fund | 2,278,497 | — | — | |||||||||
90/60 U.S. Balanced Fund1 | — | — | — | |||||||||
Balanced Income Fund | — | — | — | |||||||||
| 1 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
During the fiscal year or period ended June 30, 2019, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:
| Fund | Utilized Capital Loss Carryforward | |||
Dynamic Currency Hedged International Equity Fund | $ | — | ||
Dynamic Currency Hedged International Quality Dividend Growth Fund | — | |||
Dynamic Currency Hedged International SmallCap Equity Fund | — | |||
Emerging Markets Dividend Fund | — | |||
Europe Multifactor Fund | — | |||
Globalex-Mexico Equity Fund | — | |||
ICBCCS S&P China 500 Fund | — | |||
Japan Multifactor Fund | 80,692 | |||
Fundamental U.S. Corporate Bond Fund | — | |||
Fundamental U.S. High Yield Corporate Bond Fund | — | |||
Fundamental U.S. Short-Term Corporate Bond Fund | — | |||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | — | |||
Dynamic Bearish U.S. Equity Fund | — | |||
Dynamic Long/Short U.S. Equity Fund | — | |||
90/60 U.S. Balanced Fund1 | — | |||
Balanced Income Fund | — | |||
| 1 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
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Notes to Financial Statements(continued)
At June 30, 2019, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:
| Fund | Total Distributable Earnings (Loss) | Paid-in Capital | ||||||
Dynamic Currency Hedged International Equity Fund | $ | (12,228,481 | ) | $ | 12,228,481 | |||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 561,259 | (561,259 | ) | |||||
Dynamic Currency Hedged International SmallCap Equity Fund | (619,075 | ) | 619,075 | |||||
Emerging Markets Dividend Fund | (1 | ) | 1 | |||||
Europe Multifactor Fund | 203,998 | (203,998 | ) | |||||
Globalex-Mexico Equity Fund | (572,509 | ) | 572,509 | |||||
ICBCCS S&P China 500 Fund | (61,994 | ) | 61,994 | |||||
Japan Multifactor Fund | (48,426 | ) | 48,426 | |||||
Fundamental U.S. Corporate Bond Fund | — | — | ||||||
Fundamental U.S. High Yield Corporate Bond Fund | — | — | ||||||
Fundamental U.S. Short-Term Corporate Bond Fund | — | — | ||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | (11,803 | ) | 11,803 | |||||
Dynamic Bearish U.S. Equity Fund | (405,261 | ) | 405,261 | |||||
Dynamic Long/Short U.S. Equity Fund | (11,491,451 | ) | 11,491,451 | |||||
90/60 U.S. Balanced Fund | — | — | ||||||
Balanced Income Fund | — | — | ||||||
These differences are primarily due to redemptions-in-kind.
GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year or period ended June 30, 2019, 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 June 30, 2019, remains subject to examination by taxing authorities.
7. RECENT ACCOUNTING PRONOUNCEMENTS
On August 17, 2018, the SEC voted to adopt “Disclosure Update and Simplification” amendments to certain of its disclosure requirements that have become redundant, duplicative, overlapping, outdated, or superseded, in light of other SEC disclosure requirements, GAAP, or changes in the information environment. The SEC will also be referring certain SEC disclosure requirements that overlap with, but require information incremental to, GAAP to the FASB for potential incorporation into GAAP. The amendments are intended to facilitate the disclosure of information to investors and simplify compliance without significantly altering the total mix of information provided to investors. These amendments became effective on November 5, 2018. WTAM has evaluated these amendments and determined that there is no significant impact on the Trust’s financial statements and related disclosures. The specific amendments incorporated into the Trust’s financial statements pertain to (i) the amendment requiring the presentation of the distributable earnings in total on the Statements of Assets and Liabilities, rather than showing the 3 components of distributable earnings (i.e., (1) undistributed (distributions in excess of) net investment income, (2) accumulated net realized gain (loss) on investments and (3) net unrealized appreciation (depreciation) on investments, and (ii) the amendment requiring the presentation of distributions to shareholders in total on the Statements of Changes in Net Assets, except for tax return of capital distributions, which shall continue to disclosed separately.
On August 28, 2018, the FASB issued ASU2018-13,Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement. ASU2018-13 includes removals, additions and modifications to the disclosure requirements for fair value measurements that are intended to improve the effectiveness of disclosures in the notes to financial statements. The amendments in ASU2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this ASU and delay adoption of the additional disclosures until their effective date. WTAM has evaluated ASU2018-13 and has adopted the disclosure framework for the Trust’s financial statements and the impact to the Trust’s financial statements was immaterial.
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Notes to Financial Statements(concluded)
8. ADDITIONAL INFORMATION
At a meeting of the Board of Trustees of the Trust held on June 10-11, 2019, the Board of Trustees approved name changes for the WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, and the WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (the “Affected Funds”). Effective on or around September 30, 2019, the word “Fundamental” will be removed from each Affected Fund’s name and, thereafter, the respective Affected Funds will be known as the WisdomTree U.S. Corporate Bond Fund, WisdomTree U.S. High Yield Corporate Bond Fund, WisdomTree U.S. Short-Term Corporate Bond Fund, and the WisdomTree U.S. Short-Term High Yield Corporate Bond Fund. There will be no change to the investment objectives, policies and/or strategies of any of the Affected Funds as a result of the name change.
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Report of Independent Registered Public Accounting Firm
To the Shareholders of WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Multifactor Fund (formerly, WisdomTree Dynamic Currency Hedged Europe Equity Fund), WisdomTree Global ex-Mexico Equity Fund, WisdomTree ICBCCS S&P China 500 Fund, WisdomTree Japan Multifactor Fund (formerly, WisdomTree Dynamic Currency Hedged Japan Equity Fund), WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund, WisdomTree Dynamic Bearish U.S. Equity Fund, WisdomTree Dynamic Long/Short U.S. Equity Fund, WisdomTree 90/60 U.S. Balanced Fund and WisdomTree Balanced Income Fund 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 Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Multifactor Fund, WisdomTree Global ex-Mexico Equity Fund, WisdomTree ICBCCS S&P China 500 Fund, WisdomTree Japan Multifactor Fund, WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund, WisdomTree Dynamic Bearish U.S. Equity Fund, WisdomTree Dynamic Long/Short U.S. Equity Fund, WisdomTree 90/60 U.S. Balanced Fund and WisdomTree Balanced Income Fund (collectively referred to as the “Funds”), (sixteen of the funds constituting WisdomTree Trust (the “Trust”)) including the schedules of investments, as of June 30, 2019, 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 (sixteen of the funds constituting WisdomTree Trust) at June 30, 2019, and 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.
| Individual fund constituting the WisdomTree Trust | Statement of operations | Statements of changes in net assets | Financial highlights | |||
-WisdomTree Dynamic Currency Hedged International Equity Fund -WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund -WisdomTree Europe Multifactor Fund -WisdomTree Japan Multifactor Fund | For the year ended June 30, 2019 | For each of the two years in the period ended June 30, 2019 | For each of the three years in the period ended June 30, 2019 and the period from January 7, 2016 (commencement of operations) through June 30, 2016 | |||
-WisdomTree Global ex-Mexico Equity Fund | For the year ended June 30, 2019 | For each of the two years in the period ended June 30, 2019 | For each of the two years in the period ended June 30, 2019 and the period from February 10, 2017 (commencement of operations) through June 30, 2017 | |||
-WisdomTree Emerging Markets Dividend Fund | For the year ended June 30, 2019 | For each of the two years in the period ended June 30, 2019 | For each of the three years in the period ended June 30, 2019 and the period from April 7, 2016 (commencement of operations) through June 30, 2016 | |||
-WisdomTree Dynamic Bearish U.S. Equity Fund -WisdomTree Dynamic Long/Short U.S. Equity Fund | For the year ended June 30, 2019 | For each of the two years in the period ended June 30, 2019 | For each of the three years in the period ended June 30, 2019 and the period from December 23, 2015 (commencement of operations) through June 30, 2016 | |||
-WisdomTree 90/60 U.S. Balanced Fund | For the period from August 2, 2018 (commencement of operations) through June 30, 2019 | For the period from August 2, 2018 (commencement of operations) through June 30, 2019 | For the period from August 2, 2018 (commencement of operations) through June 30, 2019 | |||
-WisdomTree Fundamental U.S. Corporate Bond Fund -WisdomTree Fundamental U.S. High Yield Corporate Bond Fund -WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund -WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund | For the year ended June 30, 2019 | For each of the two years in the period ended June 30, 2019 | For each of the three years in the period ended June 30, 2019 and the period from April 27, 2016 (commencement of operations) through June 30, 2016 | |||
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Report of Independent Registered Public Accounting Firm(concluded)
| Individual fund constituting the WisdomTree Trust | Statement of operations | Statements of changes in net assets | Financial highlights | |||
-WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund | For the year ended June 30, 2019 | For each of the two years in the period ended June 30, 2019 | For each of the two years in the period ended June 30, 2019 and the period from November 3, 2016 (commencement of operations) through June 30, 2017 | |||
-WisdomTree Balanced Income Fund -WisdomTree ICBCCS S&P China 500 Fund | For the year ended June 30, 2019 | For the year ended June 30, 2019 and the period from December 21, 2017 (commencement of operations) through June 30, 2018 | For the year ended June 30, 2019 and the period from December 21, 2017 (commencement of operations) through June 30, 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.
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 June 30, 2019, 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
August 22, 2019
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Approval of Investment Advisory and Sub-Advisory Agreements(unaudited)
Consideration of the Renewal of Investment Advisory andSub-Investment Advisory Agreements
(except the WisdomTree 90/60 U.S. Balanced Income Fund)
At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held onSeptember 24-25, 2018 (the “Meeting”), the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the renewal of the Investment Advisory Agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of its series (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”), theSub-Advisory Agreement (the “Mellon Investments CorporationSub-Advisory Agreement”), pursuant to which Mellon Investments Corporation (“Mellon”) coordinates the investment and reinvestment of the assets of the applicable Funds, and the InvestmentSub-Advisory Agreement (together with the MellonSub-Advisory Agreement, the“Sub-Advisory Agreements,” and, collectively with the Advisory Agreements and the MellonSub-Advisory Agreement, the “Agreements”), pursuant to which Voya Investment Management Co. LLC (“Voya”) and ICBC Credit Suisse Asset Management (International) Company Ltd. (“ICBC,” and, together with Mellon, the“Sub-Advisers”) coordinates the investment and reinvestment of the assets of the applicable Funds.
The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 2, 2018, representatives from WTAM presented preliminary information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.
The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and theSub-Advisers. In considering the renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.
Analysis of Nature, Extent, and Quality of Services Provided to the Funds. The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and theSub-Advisers’ operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to certain Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WTI indexes are unique, based on WTI’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, theSub-Advisers, including oversight of theSub-Advisers’ adherence to each Fund’s investment strategy and restrictions, monitoring of theSub-Advisers’ buying and selling of securities and derivatives transactions, review ofSub-Adviser performance, review of proxies voted by theSub-Advisers and oversight of, and the provision of consultation to, theSub-Advisers with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight ofday-to-day Fund operations, including fund accounting, tax matters, administration and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and theSub-Advisers under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.
Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and theSub-Advisers under the Advisory Agreements andSub-Advisory Agreements, respectively, are adequate and appropriate and supported the Board’s approval of the renewal of the Agreements.
Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index and (2) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Expense Groups and Expense Universes. The Board noted that the Expense Groups and Expense Universes included only pure-index and index-based
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Approval of Investment Advisory and Sub-Advisory Agreements(unaudited) (continued)
exchange traded funds (“ETFs”) as comparison funds. The Board also noted that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds. The Board also reviewed reports prepared by WTAM presenting performance data for Funds with ten years of performance history and for WisdomTree indexes with at least three years of performance history that are tracked by an index Fund.
The Board discussed the index Funds’ performance, noting that the substantial majority of index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. In response to questions from the Independent Trustees, WTAM representatives discussed the relative performance of the Funds and the factors affecting such performance. On that basis, the Board determined to monitor carefully in the coming year disparities in performance — both positive and negative — but did not believe that the disparities in the past reflected any characteristics requiring immediate action by WTAM or aSub-Adviser.
The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, as well as the advisory fees and total expenses of certain funds not included in the Broadridge reports that WTAM considers to be significant competitors of the Funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were within five basis points of the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed more significantly from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer data and/or the unique attributes of a Fund.
The Board considered the fees to theSub-Advisers in relation to the fees paid to WTAM by the Funds and the respective services provided by theSub-Advisers and WTAM. The Board also noted that theSub-Advisers’ fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to theSub-Advisers, including that the role of aSub-Adviser in making investment recommendations with respect to a Fund tracking an index is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk borne by WTAM that is associated with Funds’ unitary fee structure, which frequently includes minimum fees (such as those to aSub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.
Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the relevantSub-Adviser and the Fund’s total expenses supported the Board’s approval of the renewal of the relevant Agreements.
Analysis of Profitability and Economies of Scale. WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.
The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and theSub-Advisers, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized material economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole and the relative size and asset size changes among the Funds. The Board noted that certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid rate (including during the last year) and could continue to do so. WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to
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Approval of Investment Advisory and Sub-Advisory Agreements(unaudited) (concluded)
determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and theSub-Advisers from acting as investment adviser andsub-investment advisers, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.
* * * * * *
At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and theSub-Advisers, of the Funds and the services provided to the Funds by WTAM and theSub-Advisers. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreements.
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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’sday-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 | Position(s) Held with of Time Served | Principal Occupation(s) During the Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other Directorships Held by Trustee | ||||||
| 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). | 78 | Trustee, Vericimetry Funds (2011 to 2014). | ||||||
| Joel Goldberg#† (1945) | Trustee, 2012- present | Attorney, Partner, Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010. | 78 | Director, Better Business Bureau (Metropolitan New York, Long Island and theMid-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. | 78 | 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. | 78 | Associate Alumnae of Douglass College, Chair 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. | 78 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001- 2016). | ||||||
| * | As of June 30, 2019. |
| ^ | Chair of the Audit Committee. |
| # | Chair of the Contracts Review Committee. |
| † | Co-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 | Position(s) Held with | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer* | Other | ||||||
| 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. | 78 | 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. | 78 | 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. | 78 | 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. | 78 | None | ||||||
| Joanne Antico** (1975) | Assistant Secretary, 2018- present | Assistant General Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016. | 78 | None | ||||||
| Clint Martin** (1977) | Assistant Treasurer, 2015- present | Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012. | 78 | None | ||||||
| * | As of June 30, 2019. |
| ** | 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 June 30, 2019, 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 Form1099-DIV in January 2020.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended June 30, 2019, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income | |||
Dynamic Currency Hedged International Equity Fund | $ | 7,781,170 | ||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 465,146 | |||
Dynamic Currency Hedged International SmallCap Equity Fund | 790,071 | |||
Emerging Markets Dividend Fund | 1,163,495 | |||
Europe Multifactor Fund | 244,231 | |||
Globalex-Mexico Equity Fund | 1,500,861 | |||
ICBCCS S&P China 500 Fund | 271,255 | |||
Japan Multifactor Fund | 65,184 | |||
Fundamental U.S. Corporate Bond Fund | — | |||
Fundamental U.S. High Yield Corporate Bond Fund | — | |||
Fundamental U.S. Short-Term Corporate Bond Fund | — | |||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | — | |||
Dynamic Bearish U.S. Equity Fund | — | |||
Dynamic Long/Short U.S. Equity Fund | 2,974,916 | |||
90/60 U.S. Balanced Fund1 | 59,123 | |||
Balanced Income Fund | 57,214 | |||
| 1 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
The Funds designate the following amount of ordinary income distributions paid during the fiscal year or period ended June 30, 2019 from qualified short-term gains and qualified interest income:
| Fund | Qualified Short- Term Gains | Qualified Interest Income | ||||||
Dynamic Currency Hedged International Equity Fund | 0.00 | % | 0.00 | % | ||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 100.00 | % | 0.00 | % | ||||
Dynamic Currency Hedged International SmallCap Equity Fund | 0.00 | % | 0.00 | % | ||||
Emerging Markets Dividend Fund | 0.00 | % | 0.00 | % | ||||
Europe Multifactor Fund | 0.00 | % | 0.00 | % | ||||
Globalex-Mexico Equity Fund | 0.00 | % | 0.00 | % | ||||
ICBCCS S&P China 500 Fund | 0.00 | % | 0.00 | % | ||||
Japan Multifactor Fund | 0.00 | % | 0.00 | % | ||||
Fundamental U.S. Corporate Bond Fund | 0.00 | % | 100.00 | % | ||||
Fundamental U.S. High Yield Corporate Bond Fund | 0.00 | % | 100.00 | % | ||||
Fundamental U.S. Short-Term Corporate Bond Fund | 0.00 | % | 100.00 | % | ||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | 0.00 | % | 100.00 | % | ||||
Dynamic Bearish U.S. Equity Fund | 0.00 | % | 0.00 | % | ||||
Dynamic Long/Short U.S. Equity Fund | 0.00 | % | 0.00 | % | ||||
90/60 U.S. Balanced Fund1 | 0.00 | % | 0.00 | % | ||||
Balanced Income Fund | 0.00 | % | 0.00 | % | ||||
| 1 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
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Supplemental Information(unaudited) (concluded)
The following represents the percentage of dividends paid during the fiscal year or period ended June 30, 2019, that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction | |||
Dynamic Currency Hedged International Equity Fund | — | |||
Dynamic Currency Hedged International Quality Dividend Growth Fund | — | |||
Dynamic Currency Hedged International SmallCap Equity Fund | — | |||
Emerging Markets Dividend Fund | — | |||
Europe Multifactor Fund | — | |||
Globalex-Mexico Equity Fund | 53.32 | % | ||
ICBCCS S&P China 500 Fund | 0.29 | % | ||
Japan Multifactor Fund | — | |||
Fundamental U.S. Corporate Bond Fund | — | |||
Fundamental U.S. High Yield Corporate Bond Fund | — | |||
Fundamental U.S. Short-Term Corporate Bond Fund | — | |||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | — | |||
Dynamic Bearish U.S. Equity Fund | — | |||
Dynamic Long/Short U.S. Equity Fund | 91.23 | % | ||
90/60 U.S. Balanced Fund1 | 54.57 | % | ||
Balanced Income Fund | 26.59 | % | ||
| 1 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year or period ended June 30, 2019. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income | Foreign Taxes Paid | ||||||
Dynamic Currency Hedged International Equity Fund | $ | 9,356,505 | $ | 645,831 | ||||
Dynamic Currency Hedged International Quality Dividend Growth Fund | 154,433 | 12,107 | ||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 1,014,111 | 91,484 | ||||||
Emerging Markets Dividend Fund | 1,752,761 | 217,207 | ||||||
Europe Multifactor Fund | 435,800 | 44,659 | ||||||
Globalex-Mexico Equity Fund | — | — | ||||||
ICBCCS S&P China 500 Fund | 324,440 | 35,273 | ||||||
Japan Multifactor Fund | 66,424 | 7,475 | ||||||
Fundamental U.S. Corporate Bond Fund | — | — | ||||||
Fundamental U.S. High Yield Corporate Bond Fund | — | — | ||||||
Fundamental U.S. Short-Term Corporate Bond Fund | — | — | ||||||
Fundamental U.S. Short-Term High Yield Corporate Bond Fund | — | — | ||||||
Dynamic Bearish U.S. Equity Fund | — | — | ||||||
Dynamic Long/Short U.S. Equity Fund | — | — | ||||||
90/60 U.S. Balanced Fund1 | — | — | ||||||
Balanced Income Fund | 11,623 | 1,535 | ||||||
| 1 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
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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 calling1-866-909-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 FormN-PX covering the most recent
12-month period ended June 30 and to file FormN-PX with the SEC no later than August 31 of each year. The current FormN-PX for the Funds is available at no charge upon request by calling1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ FormN-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. Beginning in April 2019, the Funds will cease filing Form N-Q and will commence filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters will contain the complete schedule of portfolio holdings in the same manner as previously filed 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 at1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: 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 Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.
There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition, when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. High-yield or “junk” bonds have lower credit ratings and involve a greater risk to principal. While the Fundamental Fixed Income Funds attempt to limit credit and counterparty exposure, the value of an investment in the Funds may change quickly and without warning in response to issuer or counterparty defaults and changes in the credit ratings of the Fund’s portfolio investments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.
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WisdomTree Trust
245 Park Avenue, 35th Floor
New York, NY 10167
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.
WTGM - 2717
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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 were $374,142 for 2019 and $459,860 for 2018. |
Audit-Related Fees
| (b) | The aggregate fees billed for 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 were $0 for 2019 and $0 for 2018. |
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Tax Fees
| (c) | The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were $149,895 for 2019 and $153,745 for 2018. |
All Other Fees
| (d) | The aggregate fees billed for 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 were $0 for 2019 and $0 for 2018. |
| (e)(1) | Disclose the audit committee’spre-approval policies and procedures described in paragraph (c)(7) of Rule2-01 of RegulationS-X. |
Per Rule2-01(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 providenon-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 andnon-audit service. The audit committee must also consider whethernon-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 Rule2-01 of RegulationS-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 aggregatenon-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including anysub-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 were $149,895 for 2019 and $153,745 for 2018. |
| (h) | Not applicable. |
| Item 5. | Audit Committee of Listed Registrants. |
The Registrant is an issuer as defined in Rule10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.
| Item 6. | Investments. |
| (a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
| (b) | Not applicable. |
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| Item 7. | Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies. |
Not applicable.
| Item 8. | Portfolio Managers ofClosed-End Management Investment Companies. |
Not applicable.
| Item 9. | Purchases of Equity Securities byClosed-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 trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of RegulationS-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR240.14a-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 Rule30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR270.30a-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 Rule30a-3(b) under the 1940 Act (17 CFR270.30a-3(b)) and Rules13a-15(b) or15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR240.13a-15(b) or240.15d-15(b)). |
| (b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule30a-3(d) under the 1940 Act (17 CFR270.30a-3(d)) that occurred during 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 forClosed-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. |
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| (a)(2) | Certifications pursuant to Rule30a-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 Rule30a-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 Steinberg | |||||
| Jonathan L. Steinberg, President | ||||||
| (principal executive officer) | ||||||
Date: September 3, 2019
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By (Signature and Title) | /s/ Jonathan Steinberg | |||||
| Jonathan L. Steinberg, President | ||||||
| (principal executive officer) |
Date: September 3, 2019
| By (Signature and Title) | /s/ David Castano | |||||
| David Castano, Treasurer | ||||||
| (principal financial officer) |
Date: September 3, 2019