UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-21864
WisdomTree Trust
(Exact name of registrant as specified in charter)
245 Park Avenue, 35th Floor
New York, NY 10167
(Address of principal executive offices) (Zip code)
The Corporation Trust Company
1209 Orange Street
Wilmington, DE 19801
(Name and address of agent for service)
Registrant’s telephone number, including area code: (866) 909-9473
Date of fiscal year end: June 30
Date of reporting period: June 30, 2020
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
| Item 1. | Reports to Stockholders. |
The Reports to Shareholders are attached hereto.
WisdomTree Trust
Annual Report
June 30, 2020
International Equity ETFs:
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
WisdomTree Emerging Markets ESG Fund (RESE)
(formerly, WisdomTree Emerging Markets Dividend Fund (DVEM))
WisdomTree International ESG Fund (RESD)
(formerly, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG))
Fixed Income ETFs:
WisdomTree U.S. Corporate Bond Fund (WFIG)
(formerly, WisdomTree Fundamental U.S. Corporate Bond Fund)
WisdomTree U.S. High Yield Corporate Bond Fund (WFHY)
(formerly, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund)
WisdomTree U.S. Short-Term Corporate Bond Fund (SFIG)
(formerly, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund)
WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
(formerly, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund)
Asset Allocation ETF:
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
Thematic ETF:
WisdomTree Cloud Computing Fund (WCLD)
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
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Information about Performance and Shareholder Expense Examples (unaudited) | 6 | |||
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| Schedules of Investments |
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WisdomTree Dynamic Currency Hedged International Equity Fund | 21 | |||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 32 | |||
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“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
(unaudited)
U.S. Markets
The U.S. equity market, as measured by the S&P 500® Index, returned 7.51% for the 12-month fiscal year that ended June 30, 2020 (the “fiscal year”).
U.S. equities began the fiscal year with a modest, but still positive trajectory in the third quarter of 2019 and returned +1.70%, as measured by the S&P 500® Index. The GDP “advance” estimate for the second quarter of 2019 showed that U.S. economic growth slowed to 2.1% from 3.1% in the first quarter of 2019. Strong consumer spending provided a tailwind for U.S. GDP, while a decline in investment and inventories as well as an increase in the trade deficit depressed economic growth. At the end of July 2019, the Fed cut the benchmark rate by 0.25% for the first time since 2008. Despite easing monetary policy, the U.S. equity market was disappointed that the Fed did not commit to future stimulus measures. A slower pace of job growth, indications of moderating economic activity in the service sector, and the first decline in manufacturing activity since 2009 were negative overhangs on market sentiment. Ultimately, these negative overhangs were more than offset by the positive reaction to further easing in monetary policy in September 2019 when the Fed cut the benchmark rate by an additional 0.25%.
U.S. equities rallied +9.07% in the fourth quarter of 2019, as measured by the S&P 500® Index. Trade uncertainty between U.S. and China continued to weigh on economic activity and labor market growth continued to trend lower. Falling core producer prices, declining retail sales, and a mild report of 1.9% GDP growth for the third quarter of 2019, according to the “advance” estimate, showed slowing consumer spending. The Fed again took action to ease monetary policy by lowering the benchmark rate by an additional 0.25%, although it signaled a pause in future actions. In mid-December 2019, President Trump announced a limited trade agreement with China including the cancellation of new tariffs and a reduction in existing tariffs. The preliminary trade pact was the major catalyst driving positive U.S. equity performance in the fourth quarter of 2019.
Previous gains in U.S. equities over the preceding six months were rapidly offset during the first quarter of 2020 as the world grappled with the fallout from the spread of the novel coronavirus (“COVID-19”) outbreak. Sentiment was relatively positive early in the first quarter of 2020 as the U.S.-China trade resolution progressed, consumer spending growth remained moderate, the trade deficit contracted, and the Fed left its benchmark interest rate unchanged.
At the end of January 2020, China announced the lock down of select cities due to COVID-19. Over the next month, the global rate of infection accelerated as the virus spread around the world. Large international corporations announced disruptions to operations and forecasted meaningful reductions in financial expectations.
On February 19, 2020, the first case of COVID-19 in the U.S. was reported, marking the peak level for U.S. equities. By February 27, 2020, U.S. equities entered correction territory, marking a 10% decline from their peak. Meanwhile, the Cboe Volatility Index, a benchmark index that measures the market’s expectation of future volatility, rose to the highest level since 2011. On March 3, 2020, the Fed took emergency action to stem the negative economic impact from COVID-19 and cut the benchmark rate by 0.50%. Amidst virus related market volatility, Saudi Arabia and Russia engaged in an oil price war. Following a failed agreement on production cuts, Saudi Arabia sought to increase market share, which drove the largest daily decline in energy stocks within the S&P 500® Index on record.
On March 15, 2020, the Fed again took unprecedented emergency actions, including a cut to the benchmark rate by 1.00% to a range of 0% to 0.25%. The Fed also instituted quantitative easing measures with the purchase of $700 billion in U.S. government debt, along with other tools to provide stimulus, liquidity, and to promote lending. As the virus continued to spread, local governments began to institute lock downs grinding economic activity to a halt. In the final week of March 2020, U.S. equities rebounded modestly as
| WisdomTree Trust | 1 |
Market Environment Overview
(unaudited) (continued)
the Fed announced new lending facilities to support credit markets and as U.S. Congress passed a $2 trillion fiscal stimulus package. Overall, U.S. equities declined -19.60% in the first quarter of 2020, as measured by the S&P 500® Index.
Following the market lows in March of 2020, the second quarter of 2020 saw a strong resurgence in both performance and a reopening of the global economy. The S&P 500® Index rallied 20.54% in the second quarter of 2020 due to COVID-19 case counts broadly subsiding, encouraging developments with treatments and vaccines, and businesses and states implementing phased reopening plans. Many growth and technology companies’ (sometimes dubbed the “work from home” businesses) long-term growth initiatives greatly accelerated and were brought to the forefront. This has led to many growth companies, and the growth market as a whole, to ultimately achieve and surpass all-time highs. For example, the NASDAQ Composite Index increased 30.63% in the second quarter of 2020 and had hit an all-time new high. In June of 2020, total nonfarm payroll employment rose by 4.8 million and the unemployment rate declined to 11.1% as reported by the U.S. Bureau of Labor Statistics. Both figures were among the largest “beats” in economic data history when compared to their largely negative expectations, highlighting the improving economy as people are getting back to work.
Fixed Income
Over the fiscal year, the decrease in short-term U.S. interest rates exceeded the decrease in long-term rates, reflecting the negative near-term impact on the U.S. economy from COVID-19. This resulted in a steepening of the U.S. Treasury yield curve. The Fed funds rate decreased from 2.25% to a range of 0% to 0.25%, as the Fed decreased rates to help ease monetary policy and combat the economic effects of COVID-19 on the U.S. economy. The 2-Year U.S. Treasury Note yield decreased from 1.75% to 0.16% and the U.S. 10-Year Treasury Note yield fell from 2.00% to 0.66%. The closely monitored spread between the 2- and 10-year U.S. Treasury Note yields increased from 0.25% at the beginning of the fiscal year to 0.50% at the end of the fiscal year. Corporate spreads for both investment grade and high yield bonds rose dramatically and peaked on March 23, 2020 as a result of the market turbulence. Investment grade spreads saw a high of 4.01% and high yield spreads saw a high of 10.87%, but both have seen significant tightening since then.
Emerging Markets
Emerging market (“EM”) equities, as measured by the MSCI Emerging Markets Index, returned 1.37% in local currency terms and -3.39% in U.S. dollar terms for the fiscal year that ended June 30, 2020. EM currencies broadly weakened versus the U.S. dollar during the fiscal year, primarily driven by strengthening of the U.S. dollar in the first quarter of 2020. The currencies of Argentina and Brazil weakened 30-40% versus the U.S. dollar during the fiscal year. A confluence of factors drove these currencies lower, including the negative economic impact from COVID-19, a rapid decline in oil prices, falling interest rates with little room for further cuts to monetary policy rates, and civil unrest. The Argentine peso was especially hurt as the currency weakened 39.71% versus the U.S. dollar over ongoing concerns about the country’s ability to fulfill its debt obligations.
EM equity returns were negative in the third quarter of 2019, as measured by the MSCI Emerging Markets Index, returning -4.25% in U.S. dollar terms and -2.07% in local currency terms. Slowing growth in major global economies, and U.S. President Trump’s announcement of additional tariffs on Chinese goods negatively impacted EM equities. Signs of economic slowdown in China was a major headwind on EM equity returns. The escalation of the U.S.-China trade dispute in early August 2019 led China’s currency to weaken. Central banks in several other EM countries, including South Korea, Indonesia, South Africa, India, Mexico, Turkey, Brazil, and Thailand, cut their benchmark rates, reflecting weakening global trade and demand. Notably, the Indian government implemented a series of additional measures aimed at stimulating economic growth, including a corporate tax cut. Meanwhile, South Korea was especially negatively impacted
| 2 | WisdomTree Trust |
Market Environment Overview
(unaudited) (continued)
by trade disputes on two fronts: 1) U.S.-China trade tensions dampened exports of technology inputs and other components to China, and 2) Japan removed South Korea from its list of preferred trading partners. Argentina experienced notable negative performance driven by the surprise defeat of the incumbent president in a primary election. Falling oil prices were also a drag on EM equity returns as concerns about oversupply were a headwind for oil exporters.
EM equities rebounded 11.84% in U.S. dollar terms and 9.54% in local currency terms in the fourth quarter of 2019, as measured by the MSCI Emerging Markets Index. Key global developments, including a preliminary agreement in U.S.-China trade negotiations as well as a clearer path to the United Kingdom’s exit from the European Union, helped to reduce global uncertainty and improve sentiment in emerging markets. A rebound in oil prices following an announced cut in global production also benefited EM equities in December 2019. Additionally, continued easing of monetary policy by EM central banks supported EM equities during the fourth quarter of 2019.
EM equities experienced a meaningful drawdown alongside global equities in the first quarter of 2020. As measured by the MSCI Emerging Markets Index, EM equities fell -23.60% in U.S. dollar terms and fell -19.05% in local currency terms, driven by the negative impact from COVID-19 and collapsing oil prices. Beginning in early January 2020, news of the spread of COVID-19 in Wuhan, China began to emerge and by the end of January 2020, China announced the lock down of select infected cities. Over time the global rate of infection spread along with the impact on the global economy. Large international corporations announced disruptions to operations and forecasted meaningful reductions in financial expectations — a signal of the heavy economic toll from the spread of the virus and the consequent halt to business activity. In early February 2020, China’s central bank lowered interest rates to support the economy. The first official datapoint after China was impacted by the virus showed a significant contraction in Chinese manufacturing activity. Amidst virus related market volatility, Saudi Arabia and Russia entered an oil price war. Following a failed agreement on production cuts, Saudi Arabia sought to increase market share.
In March 2020, Chinese equity performance began to positively diverge from broader EM and global equity market performance. China reopened portions of its economy while most other nations began to lock down to prevent spread of the virus. During this time, EM nations implemented both fiscal and monetary stimulus measures, including cuts to interest rates and reserve requirements as well as unprecedented spending packages to aid households and businesses.
Following the market lows in March of 2020, the second quarter of 2020 saw a strong resurgence in both performance and a reopening of the global economy. MSCI Emerging Markets Index rallied 18.08% in local currency terms and 16.78% in U.S. dollar terms, due to case counts broadly subsiding, encouraging developments with treatments and vaccines, and businesses and countries implementing phased reopening plans around the world. Many countries and regions around the world have enacted various governmental and fiscal stimulus plans to help combat the economic effects of COVID-19.
International Markets
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 -5.13% in U.S. dollar terms during the fiscal year. Measured in local currency, the MSCI EAFE Index returned -4.24% over the same period. International currency performance was mixed in the fiscal year, and the largest currency moves occurred during the first quarter of 2020, when financial markets became increasingly volatile due to the COVID-19 outbreak and subsequent economic ramifications. Most international currencies weakened versus the U.S. dollar during the fiscal year. However, the Japanese yen and Swiss franc, which are widely regarded as safe-haven currencies during periods of volatility, strengthened relative to the U.S. dollar.
| WisdomTree Trust | 3 |
Market Environment Overview
(unaudited) (continued)
International equity performance was positive, although slightly subdued in the third quarter of 2019. During this period, the MSCI EAFE Index returned +1.75% in local currency terms, but broad strengthening of the U.S. dollar resulted in a -1.07% return in U.S. dollar terms for the same period. In July 2019, Japanese election results confirmed that incumbent Prime Minister Shinzo Abe and the democratic party would remain in power, providing political stability within the nation. Meanwhile, the German manufacturing sector continued to lag, posting its lowest level of activity in seven years, which was slightly offset by services sector expansion. These contracting economic indicators and signals from new leadership at the European Central Bank drove expectations for easing monetary policy in the Eurozone. In the U.K., Boris Johnson was elected as Britain’s Prime Minister, pledging that the U.K. would exit the European Union (known as “Brexit”) by October 31, 2019. Late August 2019 brought a trade resolution between the U.S. and Japan, but escalating tensions between the U.S. and China remained in focus and were largely to blame for a reported contraction in German GDP as well as a sizable drop in Japanese exports. Additionally, Italy narrowly avoided political collapse with the formation of a new governing coalition between the Democratic party and the populist Five Star Movement. European market volatility calmed in September 2019, despite increasing Brexit uncertainty, after the European Central Bank cut the deposit rate to a record low alongside the introduction of a new quantitative easing program.
International equity markets rallied in the fourth quarter of 2019, returning +8.17% in U.S. dollar terms and +5.19% in local currency terms. This period was characterized by a reduction in global uncertainty and accommodative monetary policy. In October 2019, Japan increased the sales tax rate by 2% to 10%, which partially drove slowing economic activity alongside a reduction in exports from U.S.-China trade frictions. In October 2019, the European Union delayed Brexit for the third time to January 2020, beyond U.K. Prime Minister Boris Johnson’s October 31, 2019 goal. Meanwhile, the trend of stagnating economic activity across Europe persisted through November 2019. In early December 2019, Japan announced a substantial stimulus package aimed at boosting the nation’s GDP by 1.4% through March 2022. By mid-December 2019, a preliminary trade agreement between the U.S. and China buoyed international equities. European economic activity began to show signs of bottoming and potential recovery, including modest economic growth in Germany.
At the end of the fourth quarter of 2019, U.K. Prime Minister Boris Johnson’s Conservative Party secured a majority in the House of Commons, providing a clearer path for the U.K. to exit the European Union. The European Central Bank left its monetary policy rate unchanged in response to early signs of an economic recovery.
Positive international equity performance sharply reversed during the first quarter of 2020. The MSCI EAFE Index returned -20.55% in local currency terms and -22.83% in U.S. dollar terms. In early January 2020, news of the spread of COVID-19 emerged. Before the virus spread, Germany and the Eurozone reported that 2019 GDP growth hit a 6-year low of 0.6% and 1.2%, respectively. Additionally, the U.K. formally exited the European Union on January 31, 2020.
At the end of January 2020, China announced the lock down of select cities due to COVID-19. In the ensuing days and weeks, the global rate of COVID-19 infection spread; along with the impact on the global economy. Large international corporations announced disruptions to operations and forecasted meaningful reductions in financial expectations. Amid the virus outbreak, Japan reported a 6.3% contraction in GDP for the fourth quarter of 2019, driven by a sharp decline in household consumption from a higher sales tax rate. At the end of February 2020, many countries within the European Union began reporting COVID-19 infections, with the most significant increase in Northern Italy. An oil price war between Saudi Arabia and Russia added to the market volatility experienced by international equities.
In March 2020, the spread of COVID-19 in Japan was relatively more contained than in other developed nations. The infection rate in Europe worsened, and many nations
| 4 | WisdomTree Trust |
Market Environment Overview
(unaudited) (concluded)
began implementing lock down measures, halting economic activity. Notably, Italy became the country with the highest COVID-19 related death rate. The Bank of England announced large cuts in interest rates to a record low and agreed to purchase £200 billion in U.K. government bonds. Similarly, the European Central Bank increased bond purchases under its current program and announced a new €750 billion bond-buying program.
International equity markets began to rally from the late-first quarter volatility to begin the second quarter of 2020, and the final quarter of the fiscal year. During the second quarter of 2020, the MSCI EAFE Index returned 12.60% in local currency terms and 14.88% in U.S. dollar terms. As governments and central banks coordinated their fiscal and monetary policy efforts in order to mitigate the economic impact of the pandemic, equity markets became more optimistic. While the economic data from late first quarter 2020 into the second quarter 2020 was historically abysmal, the economic downturn appeared to be transient, as many local economies quickly began to reopen as new COVID-19 infections and mortality rates began to decline. This resulted in improvements in many readings of economic activity, including Producer Manufacturing Indexes (PMIs), which excited equity markets even further. Though developed markets still had a negative return for the entire fiscal year, three straight months of modest gains in the second quarter of 2020 helped to pare losses. The quarter ended with a feeling of cautious optimism, with markets anticipating that the worst of the global pandemic is already in the past, hopefully leading to improvements in local economic activity. Likewise, the joint presence and coordinated policy efforts of governments and central banks (including the prospect of a €750 billion stimulus package from the European Union) continued to restore confidence in equity markets amid the pandemic.
Each WisdomTree Fund’s performance as set forth in “Management’s Discussion of Funds’ Performance” in the pages that follow should also be viewed in light of the foregoing market environment.
| WisdomTree Trust | 5 |
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 recent month-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, 2020 to June 30, 2020. 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 182/366 (to reflect the one-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.
| 6 | WisdomTree Trust |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 16.4% | |||
Industrials | 12.5% | |||
Health Care | 11.7% | |||
Consumer Staples | 11.0% | |||
Consumer Discretionary | 10.6% | |||
Communication Services | 9.4% | |||
Materials | 7.9% | |||
Energy | 6.5% | |||
Utilities | 6.5% | |||
Information Technology | 4.7% | |||
Real Estate | 2.5% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Nestle S.A., Registered Shares | 1.7% | |||
Roche Holding AG, Genusschein | 1.5% | |||
Novartis AG, Registered Shares | 1.4% | |||
Toyota Motor Corp. | 1.4% | |||
British American Tobacco PLC | 1.3% | |||
China Mobile Ltd. | 1.3% | |||
TOTAL S.A. | 1.1% | |||
GlaxoSmithKline PLC | 1.1% | |||
Sanofi | 1.0% | |||
BP PLC | 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 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 -9.34% at net asset value (“NAV”) for the fiscal year ending June 30, 2020 (for more complete performance information please see the table below). During the fiscal year, the Fund benefited from its allocations to the Real Estate and Utilities sectors. The benefit from Utilities was attributable to a slight overweight position, whereas the benefit from Real Estate resulted from a combination of being underweight and stock selection. The sector allocations that detracted from performance the most were Financials, Health Care, and Energy. Regionally, the only additive position was an allocation to Sweden, while allocations and stock selection effects in France, Japan, and the United Kingdom negatively impacted performance. The Fund’s performance was positively impacted by its dynamic currency hedge. Over the fiscal year, the U.S. dollar modestly strengthened relative to a broad basket of developed market currencies, which aided performance as compared to a static, unhedged benchmark. During the fiscal year, the Fund’s currency hedging strategy contributed positively to performance as the U.S. dollar strengthened against the Euro and British Pound, while the U.S. dollar’s relative weakening against the Japanese Yen detracted slightly from Fund performance.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 847.20 | 0.35 | %1 | $ | 1.61 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.12 | 0.35 | %1 | $ | 1.76 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2020, 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 | -9.34 | % | -0.29 | % | 4.80 | % | ||||||
Fund Market Price Returns | -9.76 | % | -0.46 | % | 4.84 | % | ||||||
WisdomTree Dynamic Currency Hedged International Equity Index | -8.88 | % | -0.03 | % | 4.98 | % | ||||||
MSCI EAFE Local Currency Index | -4.24 | % | 1.26 | % | 4.94 | % | ||||||
MSCI EAFE Index | -5.13 | % | 0.81 | % | 5.02 | % | ||||||
| 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 | 7 |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
Sector Breakdown†
| Sector | % of Net Assets | |||
Industrials | 19.8% | |||
Financials | 16.6% | |||
Consumer Discretionary | 14.1% | |||
Materials | 11.1% | |||
Information Technology | 9.6% | |||
Real Estate | 6.3% | |||
Consumer Staples | 6.2% | |||
Communication Services | 5.6% | |||
Health Care | 5.1% | |||
Utilities | 4.0% | |||
Energy | 2.0% | |||
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 | |||
BE Semiconductor Industries N.V. | 0.9% | |||
Siltronic AG | 0.8% | |||
Bolsas y Mercados Espanoles SHMSF S.A. | 0.6% | |||
Freenet AG | 0.6% | |||
Vistry Group PLC | 0.6% | |||
Azimut Holding SpA | 0.6% | |||
TietoEVRY Oyj | 0.5% | |||
JB Hi-Fi Ltd. | 0.5% | |||
bpost S.A. | 0.5% | |||
Spark Infrastructure Group | 0.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree 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 -8.70% at net asset value (“NAV”) for the fiscal year ending June 30, 2020 (for more complete performance information please see the table below). During the fiscal year, the Fund only benefited from an allocation to the Utilities sector, while positions to the Information Technology, Health Care, and Industrials sectors were the largest detractors, primarily due to stock selection. None of the country positions were additive for performance during the fiscal year, though positions in France and Singapore detracted the least. Positions in the United Kingdom and Japan negatively impacted performance the most, primarily due to stock selection once again. The Fund’s performance was positively affected by its dynamic currency hedge. Throughout the fiscal year, the U.S. dollar modestly strengthened relative to a broad basket of developed market currencies, which aided performance as compared to a static, unhedged benchmark. The Fund was more than 60% hedged on average in its three biggest currency positions, which were the Euro, British Pound, and Japanese Yen. Of those three, the U.S. dollar strengthened relative to the Euro and Pound, which aided performance, while it weakened slightly against the Japanese Yen, which detracted from performance.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 810.80 | 0.43 | %1 | $ | 1.94 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.73 | 0.43 | %1 | $ | 2.16 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2020, 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 | -8.70 | % | -2.10 | % | 4.58 | % | ||||||
Fund Market Price Returns | -8.90 | % | -2.45 | % | 4.65 | % | ||||||
WisdomTree Dynamic Currency Hedged International SmallCap Equity Index | -8.68 | % | -1.75 | % | 4.97 | % | ||||||
MSCI EAFE Small Cap Local Currency Index | -2.38 | % | 1.04 | % | 5.39 | % | ||||||
MSCI EAFE Small Cap Index | -3.52 | % | 0.53 | % | 5.52 | % | ||||||
| 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 |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree Emerging Markets ESG Fund (RESE)
(formerly, WisdomTree Emerging Markets Dividend Fund (DVEM))
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 20.4% | |||
Consumer Discretionary | 17.1% | |||
Communication Services | 16.6% | |||
Financials | 15.9% | |||
Consumer Staples | 8.9% | |||
Materials | 7.2% | |||
Industrials | 4.7% | |||
Health Care | 4.4% | |||
Real Estate | 3.1% | |||
Utilities | 1.3% | |||
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 | |||
Tencent Holdings Ltd. | 5.9% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 5.1% | |||
Alibaba Group Holding Ltd., ADR | 5.0% | |||
Samsung Electronics Co., Ltd. | 4.1% | |||
Ping An Insurance Group Co. of China Ltd., Class H | 1.4% | |||
JD.com, Inc., ADR | 1.0% | |||
Baidu, Inc., ADR | 0.9% | |||
NAVER Corp. | 0.9% | |||
SK Hynix, Inc. | 0.8% | |||
NetEase, Inc., ADR | 0.8% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Emerging Markets ESG Fund (the “Fund”) is actively managed using a model-based approach seeking capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in equity securities of issuers in emerging markets that exhibit certain characteristics believed to be indicative of positive future returns as well as incorporating favorable environmental, social, and governance (“ESG”) characteristics based on a model developed by WisdomTree Asset Management, Inc. The Fund’s investment objective and strategies changed effective March 16, 2020. Prior to March 16, 2020, Fund performance reflects the investment objective of the Fund when it was the WisdomTree Emerging Markets Dividend Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Index (the “Former Index”). In seeking to track the Former Index, the Fund invested in dividend-paying companies in the emerging markets. The Fund generally used a representative sampling strategy to achieve its investment objective, meaning it generally invested in a sample of securities in the Former Index.
The Fund returned -8.19% at net asset value (“NAV”) for the fiscal year ended June 30, 2020 (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 Materials negatively impacted performance. The Fund’s position in China contributed positively to performance while its position in Russia negatively impacted performance. From the beginning of the fiscal year to March 16, 2020, when the Fund had a different objective, the Fund returned -16.98% based on NAV. Emerging Markets took a hard hit as uncertainties spread globally. The Fund’s focus on high dividend paying stocks also caused its negative performance as many dividend companies’ shares dropped in price along with dividend cancellations. After March 16, 2020, the market gradually started rebounding, yet the emerging markets economy never reached the point of reopening which also negatively affected the Fund’s performance.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 857.50 | 0.32 | % | $ | 1.48 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.27 | 0.32 | % | $ | 1.61 | ||||||||
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns2 | -8.19 | % | 1.14 | % | 6.35 | % | ||||||
Fund Market Price Returns2 | -8.85 | % | 0.70 | % | 6.26 | % | ||||||
MSCI Emerging Markets Extended ESG Focus Index3 | -2.65 | % | N/A | N/A | ||||||||
MSCI Emerging Markets Index | -3.39 | % | 1.90 | % | 7.57 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 7, 2016. |
| 2 | The Fund’s objective and strategies changed effective March 16, 2020. Prior to March 16, 2020, Fund performance reflects the investment objective of the Fund when it was the WisdomTree Emerging Markets Dividend Fund (DVEM) and tracked the performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Index. |
| 3 | The MSCI Emerging Markets Extended ESG Focus Index began on March 27, 2018, and the line graph for the Index begins at the same value as the Fund on that date. |
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 |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree International ESG Fund (RESD)
(formerly, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG))
Sector Breakdown†
| Sector | % of Net Assets | |||
Health Care | 17.8% | |||
Industrials | 16.1% | |||
Financials | 14.3% | |||
Consumer Staples | 14.0% | |||
Information Technology | 10.2% | |||
Consumer Discretionary | 9.0% | |||
Communication Services | 7.6% | |||
Materials | 6.2% | |||
Real Estate | 2.6% | |||
Utilities | 1.9% | |||
Other Assets less Liabilities‡ | 0.3% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
Nestle S.A., Registered Shares | 3.1% | |||
Roche Holding AG, Genusschein | 2.4% | |||
Novartis AG, Registered Shares | 1.9% | |||
ASML Holding N.V. | 1.6% | |||
SAP SE | 1.5% | |||
Novo Nordisk A/S, Class B | 1.3% | |||
Sanofi | 1.2% | |||
GlaxoSmithKline PLC | 1.1% | |||
Sony Corp. | 1.0% | |||
AIA Group Ltd. | 1.0% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International ESG Fund (the “Fund”) is actively managed using a model-based approach seeking capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in equity securities of issuers in developed markets excluding the U.S. and Canada that exhibit certain characteristics believed to be indicative of positive future returns as well as incorporating favorable environmental, social, and governance (“ESG”) characteristics based on a model developed by WisdomTree Asset Management, Inc. The Fund’s investment objective and strategies changed effective March 16, 2020. Prior to March 16, 2020, Fund performance reflects the investment objective of the Fund when it was the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund and tracked the performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index (the ‘‘Former Index’’). In seeking to track the Former Index, the Fund primarily invested 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 used a representative sampling strategy to achieve its investment objective, meaning it generally invested in a sample of securities in the Former 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 Former Index as a whole.
The Fund returned 4.88% at net asset value (“NAV”) for the fiscal year ended June 30, 2020 (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 Energy negatively impacted performance. The Fund’s position in Switzerland contributed positively to performance while its position in United Kingdom negatively affected performance. From the beginning of the fiscal year to March 16, 2020, when the Fund had a different objective, the Fund returned -9.63% based on NAV. The global stocks had negative performance during the first quarter of 2020. However, the Fund’s focus on high quality companies provided some downside protection. After March 16, 2020, the market gradually started rebounding, which helped generate a positive return to the Fund.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 941.60 | 0.20 | %1 | $ | 0.97 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.87 | 0.20 | %1 | $ | 1.01 | ||||||||
| 1 | Prior to March 16, 2020, WisdomTree Asset Management, Inc. had 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, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason. Effective March 16, 2020, the contractual fee waiver was terminated in relation to the change in the Fund’s objective and the advisory fee was lowered. 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. Prior to March 16, 2020, the Fund’s net expense ratio was 0.48% including AFFEs (0.10% per annum excluding AFFEs) and, thereafter, was reduced to 0.30% per annum. |
Performance
| Average Annual Total Return | ||||||||||||
| 1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns2 | 4.88 | % | 4.94 | % | 9.25 | % | ||||||
Fund Market Price Returns2 | 4.85 | % | 5.00 | % | 9.28 | % | ||||||
MSCI EAFE Extended ESG Focus Index3 | -4.04 | % | N/A | N/A | ||||||||
MSCI EAFE Local Currency Index | -4.24 | % | 1.26 | % | 5.30 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on November 3, 2016. |
| 2 | The Fund’s objective and strategies changed effective March 16, 2020. Prior to March 16, 2020, Fund performance reflects the investment objective of the Fund when it was the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG) and tracked the performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index. |
| 3 | The MSCI EAFE Extended ESG Focus Index began on March 27, 2018, and the line graph for the Index begins at the same value as the Fund on that date. |
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 |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree U.S. Corporate Bond Fund (WFIG)
(formerly, WisdomTree Fundamental U.S. Corporate Bond Fund)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 23.9% | |||
Health Care | 10.9% | |||
Industrials | 10.3% | |||
Communication Services | 9.5% | |||
Utilities | 8.6% | |||
Information Technology | 8.4% | |||
Consumer Discretionary | 7.6% | |||
Consumer Staples | 7.0% | |||
Energy | 6.4% | |||
Materials | 2.2% | |||
Real Estate | 1.3% | |||
U.S. Government Obligations | 0.1% | |||
Other Assets less Liabilities‡ | 3.8% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
AT&T, Inc., | 1.0% | |||
Boeing Co. (The), | 0.9% | |||
Oracle Corp., | 0.9% | |||
Verizon Communications, Inc., 4.50%, 8/10/33 | 0.7% | |||
Enterprise Products Operating LLC, | 0.7% | |||
Dominion Energy South Carolina, Inc., | 0.7% | |||
Wells Fargo & Co., | 0.6% | |||
Truist Financial Corp., | 0.6% | |||
Southern Co. (The), | 0.6% | |||
Comcast Corp., | 0.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Corporate Bond Index (the ‘‘Index’’). In seeking to track the Index, the Fund primarily 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 9.54% at net asset value (“NAV”) for the fiscal year ending June 30, 2020 (for more complete performance information please see the table below). The corporate bond market saw a large downturn in performance along with the rest of the markets in late March 2020 when many companies were forced to close their businesses entirely. However, since the lows in late March, many economies and businesses have started reopening again. This, alongside massive government assistance programs and encouraging vaccine developments, catapulted many markets on recovery trajectories. Investment grade companies, given their stronger balance sheets and cash flows, were better protected from this market turbulence than their riskier, high yield (‘junk’ status) counterparts, thus resulting in positive performance. This Fund also benefited from its fundamental screening process, in which it attempts to screen out potentially unfavorable companies that are susceptible to downgrades and defaults. This resulted in a higher quality basket of bonds that had fewer downgrades than the broader corporate bond market. The Fund outperformed relative to its benchmark due to its underweight in more at-risk sectors like Energy and Consumer Discretionary. The Fund also benefited from interest rates broadly declining, as the Fund maintained a longer duration level than its short-term maturity counterparts.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,053.40 | 0.18 | %1 | $ | 0.92 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.97 | 0.18 | %1 | $ | 0.91 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2020, 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 | 9.54 | % | 6.15 | % | 5.23 | % | ||||||
Fund Market Price Returns | 9.60 | % | 6.50 | % | 5.28 | % | ||||||
WisdomTree U.S. Corporate Bond Index2 | 9.46 | % | 6.32 | % | 5.55 | % | ||||||
ICE BofA Merrill Lynch U.S. Corporate Index | 9.30 | % | 6.26 | % | 5.66 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016. |
| 2 | Formerly, WisdomTree Fundamental U.S. Corporate Bond Index prior to September 27, 2019. |
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 |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree U.S. High Yield Corporate Bond Fund (WFHY)
(formerly, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund)
Sector Breakdown†
| Sector | % of Net Assets | |||
Consumer Discretionary | 24.5% | |||
Industrials | 11.2% | |||
Communication Services | 8.8% | |||
Health Care | 8.6% | |||
Materials | 7.8% | |||
Energy | 7.7% | |||
Consumer Staples | 7.2% | |||
Information Technology | 7.1% | |||
Financials | 6.4% | |||
Real Estate | 5.9% | |||
Utilities | 2.6% | |||
Other Assets less Liabilities‡ | 2.2% | |||
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 | |||
Community Health Systems, Inc., | 1.3% | |||
DISH DBS Corp., | 1.1% | |||
Western Digital Corp., | 0.9% | |||
Tenet Healthcare Corp., | 0.9% | |||
CommScope Technologies LLC, | 0.8% | |||
Tenet Healthcare Corp., | 0.7% | |||
MGM Resorts International, | 0.7% | |||
Ford Motor Co., | 0.7% | |||
Occidental Petroleum Corp., | 0.7% | |||
MEDNAX, Inc., | 0.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. High Yield Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Yield Corporate Bond Index (the ‘‘Index’’). In seeking to track the Index, the Fund primarily invests in issuers in the U.S. non-investment grade corporate bond (‘‘junk bond’’ or “high yield”) 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 -0.72% at net asset value (“NAV”) for the fiscal year ending June 30, 2020 (for more complete performance information please see the table below). The corporate bond market, particularly in the high yield market, saw a large downturn in performance as many corporations faced economic pressures caused by the global pandemic. However, since the lows in late March, many economies and businesses have started reopening again. While high yield companies broadly speaking are well off of their lows, they are still lagging their investment grade counterparts in performance. The Fund benefited from its fundamental screening process, in which it attempts to screen out potentially unfavorable companies that are susceptible to defaults. This resulted in a higher quality basket of bonds that had far fewer defaults than the broader high yield corporate bond market. The Fund had outperformed its benchmark due to its relative underweight in more at-risk sectors like Energy. The Fund also benefited from interest rates broadly declining, as the Fund maintains a longer duration level than its short-term maturity counterparts.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 957.70 | 0.38 | %1 | $ | 1.85 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.97 | 0.38 | %1 | $ | 1.91 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2020, 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 | -0.72 | % | 3.31 | % | 5.11 | % | ||||||
Fund Market Price Returns | -0.16 | % | 4.08 | % | 5.23 | % | ||||||
WisdomTree U.S. High Yield Corporate Bond Index2 | -1.27 | % | 3.43 | % | 5.74 | % | ||||||
ICE BofA Merrill Lynch U.S. High Yield Index | -1.10 | % | 2.94 | % | 5.64 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016. |
| 2 | Formerly, WisdomTree Fundamental U.S. High Yield Corporate Bond Index prior to September 27, 2019. |
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 |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree U.S. Short-Term Corporate Bond Fund (SFIG)
(formerly, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund)
Sector Breakdown†
| Sector | % of Net Assets | |||
Financials | 33.6% | |||
Industrials | 9.5% | |||
Health Care | 8.7% | |||
Information Technology | 8.6% | |||
Consumer Discretionary | 8.2% | |||
Consumer Staples | 7.9% | |||
Utilities | 6.2% | |||
Communication Services | 5.3% | |||
Energy | 5.3% | |||
Materials | 1.6% | |||
Real Estate | 1.1% | |||
U.S. Government Obligations | 0.2% | |||
Other Assets less Liabilities‡ | 3.8% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings*
| Description | % of Net Assets | |||
MUFG Union Bank NA, | 1.3% | |||
Interpublic Group of Cos., Inc. (The), | 0.9% | |||
Eversource Energy, | 0.8% | |||
Exxon Mobil Corp., | 0.8% | |||
Truist Financial Corp., | 0.8% | |||
Ally Financial, Inc., | 0.8% | |||
Wells Fargo & Co., | 0.8% | |||
Morgan Stanley, | 0.8% | |||
Boeing Co. (The), | 0.8% | |||
Lincoln National Corp., | 0.8% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree U.S. Short-Term Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Short-Term Corporate Bond Index (the ‘‘Index’’). In seeking to track the Index, the Fund primarily 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 4.75% at net asset value (“NAV”) for the fiscal year ending June 30, 2020 (for more complete performance information please see the table below). The corporate bond market saw a large downturn in performance along with the rest of the markets in late March 2020 when many companies were forced to close their businesses entirely. However, since the lows in late March, many economies and businesses have started reopening again. This, alongside massive government assistance programs and encouraging vaccine developments, catapulted many markets on recovery trajectories. Investment grade companies, given their stronger balance sheets and cash flows, were better protected from this market turbulence than their riskier, high yield (‘junk’ status) counterparts, thus resulting in positive performance. This Fund also benefited from its fundamental screening process, in which it attempts to screen out potentially unfavorable companies that are susceptible to downgrades and defaults. This resulted in a higher quality basket of bonds that had fewer downgrades than the broader corporate bond market. The Fund benefited marginally from interest rates broadly declining, but would have benefited more so if the strategy had a longer maturity focus.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,027.90 | 0.18 | %1 | $ | 0.91 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.97 | 0.18 | %1 | $ | 0.91 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2020, 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 | 4.75 | % | 3.43 | % | 2.87 | % | ||||||
Fund Market Price Returns | 4.96 | % | 3.72 | % | 2.85 | % | ||||||
WisdomTree U.S. Short-Term Corporate Bond Index2 | 5.12 | % | 3.78 | % | 3.30 | % | ||||||
ICE BofA Merrill Lynch 1-5 Year U.S. Corporate Index | 5.61 | % | 4.04 | % | 3.55 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016. |
| 2 | Formerly, WisdomTree Fundamental U.S. Short-Term Corporate Bond Index prior to September 27, 2019. |
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 |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
(formerly, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund)
Sector Breakdown†
| Sector | % of Net Assets | |||
Consumer Discretionary | 25.3% | |||
Financials | 10.3% | |||
Materials | 10.1% | |||
Health Care | 9.2% | |||
Energy | 8.9% | |||
Communication Services | 8.9% | |||
Industrials | 8.7% | |||
Information Technology | 6.3% | |||
Real Estate | 4.9% | |||
Consumer Staples | 4.0% | |||
Utilities | 0.0% | * | ||
Other Assets less Liabilities‡ | 3.4% | |||
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). |
| * | Represents less than 0.1%. |
Top Ten Holdings*
| Description | % of Net Assets | |||
Nielsen Finance LLC, 5.00%, 4/15/22 | 1.9% | |||
Springleaf Finance Corp., 6.13%, 5/15/22 | 1.9% | |||
Freeport-McMoRan, Inc., 3.88%, 3/15/23 | 1.8% | |||
NCR Corp., | 1.8% | |||
Newmark Group, Inc., 6.13%, 11/15/23 | 1.5% | |||
Tenet Healthcare Corp., 6.75%, 6/15/23 | 1.4% | |||
Goodyear Tire & Rubber Co. (The), | 1.4% | |||
CSC Holdings LLC, 5.88%, 9/15/22 | 1.4% | |||
DISH DBS Corp., 5.88%, 7/15/22 | 1.4% | |||
MGM Resorts International, 6.00%, 3/15/23 | 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 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 U.S. Short-Term High Yield Corporate Bond Index (the ‘‘Index’’). In seeking to track the Index, the Fund primarily invests in issuers in the short-term U.S. non-investment-grade corporate bond (‘‘junk bond’’ or “high yield”) 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 -2.34% at net asset value (“NAV”) for the fiscal year ending June 30, 2020 (for more complete performance information please see the table below). The corporate bond market, particularly in the high yield market, saw a large downturn in performance as many corporations faced economic pressures caused by the global pandemic. However, since the lows in late March, many economies and businesses have started reopening again. While high yield companies broadly speaking are well off of their lows, they are still lagging their investment grade counterparts in performance. The Fund benefited from its fundamental screening process, in which it attempts to screen out potentially unfavorable companies that are susceptible to defaults. This resulted in a higher quality basket of bonds that had far fewer defaults than the broader high yield corporate bond market. The Fund had outperformed its benchmark due to its relative underweight in more at-risk sectors like Energy. The Fund benefited marginally from interest rates broadly declining but would have benefited more so if the strategy had a longer maturity focus.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Net Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 951.80 | 0.38 | %1 | $ | 1.84 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.97 | 0.38 | %1 | $ | 1.91 | ||||||||
| 1 | WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2020, 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 | -2.34 | % | 2.43 | % | 4.10 | % | ||||||
Fund Market Price Returns | -2.50 | % | 3.15 | % | 4.15 | % | ||||||
WisdomTree U.S. Short-Term High Yield Corporate Bond Index2 | -4.47 | % | 1.84 | % | 4.40 | % | ||||||
ICE BofA Merrill Lynch 1-5 Year U.S. High Yield Constrained Index | -3.98 | % | 1.72 | % | 4.85 | % | ||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016. |
| 2 | Formerly, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index prior to September 27, 2019. |
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 |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 25.7% | |||
Health Care | 12.4% | |||
Consumer Discretionary | 10.3% | |||
Communication Services | 10.3% | |||
Financials | 8.9% | |||
Industrials | 7.1% | |||
Consumer Staples | 6.3% | |||
Utilities | 2.6% | |||
Real Estate | 2.4% | |||
Energy | 2.2% | |||
Materials | 2.0% | |||
U.S. Government Obligations | 0.8% | |||
Other Assets less Liabilities‡ | 9.0% | |||
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 | |||
Microsoft Corp. | 5.6% | |||
Apple, Inc. | 5.4% | |||
Amazon.com, Inc. | 4.1% | |||
Facebook, Inc., Class A | 1.9% | |||
Alphabet, Inc., Class C | 1.6% | |||
Alphabet, Inc., Class A | 1.5% | |||
Johnson & Johnson | 1.3% | |||
Berkshire Hathaway, Inc., Class B | 1.3% | |||
Visa, Inc., Class A | 1.2% | |||
Procter & Gamble Co. (The) | 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 90/60 U.S. Balanced Fund (the ‘‘Fund’’) is actively managed using a model-based approach seeking total return. The Fund seeks to achieve its investment objective 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 14.25% at net asset value (“NAV”) for the fiscal year ended June 30, 2020 (for more complete performance information please see the table below). The Fund’s position in the equity asset class contributed most positively to performance while its position in short-term U.S. Treasury bills contributed minimally to performance. The Fund’s exposure to fixed income investments through its investments in U.S. Treasury futures contracts also contributed positively to performance during the fiscal year. Over the course of the fiscal year, the Fund benefited from broad based positive equity performance, albeit with a temporary market drop primarily in February 2020 due to the continued volatility. Broad based fixed income also had positive performance, due in large part to the volatile market environment and investors’ flight to safety assets. The Fund’s 90% weight in equity and 60% weight in fixed income captured the positive gains of both asset classes. The enhanced exposure compared to traditional 60% equity and 40% bond portfolios magnified the Fund’s returns and resulted in the overall positive performance of the Fund.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,038.90 | 0.20 | % | $ | 1.01 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.87 | 0.20 | % | $ | 1.01 | ||||||||
Performance
| Average Annual Total Return | ||||||||
| 1 Year | Since Inception1 | |||||||
Fund NAV Returns | 14.25 | % | 12.50 | % | ||||
Fund Market Price Returns | 14.32 | % | 12.52 | % | ||||
60% S&P 500® Index / 40% Bloomberg Barclays U.S. Aggregate Index Composite | 8.12 | % | 7.87 | % | ||||
S&P 500® Index | 7.51 | % | 7.09 | % | ||||
| 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.
| WisdomTree Trust | 15 |
Management’s Discussion of Funds’ Performance
as of June 30, 2020 (unaudited)
WisdomTree Cloud Computing Fund (WCLD)
Sector Breakdown†
| Sector | % of Net Assets | |||
Information Technology | 97.7% | |||
Health Care | 2.1% | |||
Other Assets less Liabilities‡ | 0.2% | |||
Total | 100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 | |||
Fastly, Inc., Class A | 5.3% | |||
Zoom Video Communications, Inc., Class A | 3.6% | |||
Zscaler, Inc. | 2.9% | |||
DocuSign, Inc. | 2.8% | |||
Datadog, Inc., Class A | 2.8% | |||
Wix.com Ltd. | 2.7% | |||
Shopify, Inc., Class A | 2.6% | |||
Twilio, Inc., Class A | 2.6% | |||
Cloudflare, Inc., Class A | 2.5% | |||
Coupa Software, Inc. | 2.4% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Cloud Computing Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the Bessemer Venture Partners (‘‘BVP’’) Nasdaq Emerging Cloud Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in emerging public companies primarily involved in providing cloud computing software and services to their customers, which derive the majority of their revenues from business-oriented software products, as determined by BVP. 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 55.47% at net asset value (“NAV”) from the Fund’s inception on September 6, 2019 through June 30, 2020 (for more complete performance information please see the table below). The Fund’s overweight allocation to Information Technology, particularly Software & Services, was the main driver of positive performance. During the fiscal period ended June 30, 2020, the Fund generated significant positive performance, with an acceleration in outperformance commencing in the first quarter of 2020 as the Fund’s investments in cloud-based businesses particularly benefited from companies, schools and governments operating virtually.
Shareholder Expense Example (for the six-month period ended June 30, 2020)
| Beginning Account Value | Ending Account Value | Annualized Expense Ratio | Expenses Paid During the Period | |||||||||||||
Actual | $ | 1,000.00 | $ | 1,524.30 | 0.45 | % | $ | 2.82 | ||||||||
Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,022.63 | 0.45 | % | $ | 2.26 | ||||||||
Performance
| Cumulative Total Return | ||||
| Since Inception1 | ||||
Fund NAV Returns | 55.47 | % | ||
Fund Market Price Returns | 55.47 | % | ||
BVP NASDAQ Emerging Cloud Index | 55.93 | % | ||
S&P 500® Information Technology Index | 30.35 | % | ||
S&P 500® Growth Index | 15.37 | % | ||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 6, 2019. |
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 |
Description of Terms and Indexes (unaudited)
Below are descriptions of certain terms and of each Index referenced in this report:
The 60% S&P 500® Index/40% Bloomberg Barclays U.S. Aggregate Index Composite represents 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.
The BVP Nasdaq Emerging Cloud Index is an equally weighted index that is designed to track the performance of emerging public companies primarily involved in providing cloud software and services to their customers.
Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates.
The ICE BofA Merrill Lynch U.S. Corporate Index tracks the performance of U.S. dollar denominated investment grade corporate debt publicly issued in the U.S.
The ICE 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.
The ICE BofA Merrill Lynch 1-5 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 Lynch 1-5 Year U.S. High Yield Constrained Index tracks the performance of short-term U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market.
The MSCI EAFE Extended ESG Focus Index is designed to maximize exposure to positive environmental, social and governance (ESG) factors while exhibiting risk and return characteristics similar to those of the MSCI EAFE Index, its parent index.
The MSCI EAFE Index is a market cap-weighted index composed of companies representative of the developed market structure of developed countries in Europe, Australasia and Japan.
The MSCI EAFE Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure developed market equity performance, excluding the U.S. and Canada which is calculated in local currency.
The MSCI EAFE Small Cap Index is 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.
The MSCI EAFE Small Cap Local Currency Index is a free float-adjusted market capitalization equity index that is designed to measure the performance of small-cap stocks within the developed equity market, excluding the U.S. and Canada, in local currency.
The MSCI Emerging Markets Extended ESG Focus Index is designed to maximize exposure to positive environmental, social and governance (ESG) factors while exhibiting risk and return characteristics similar to those of the MSCI Emerging Markets Index, its parent index.
The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance.
The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by the Standard & Poor’s Index Committee, designed to represent the performance of the leading industries in the United States economy.
The S&P 500® Growth Index measures the performance of the large-capitalization growth sector of the U.S. equity market.
The S&P 500® Information Technology Index comprises companies included in the S&P 500® Index that are classified as members of the GICS® information technology sector.
The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted index that measures the performance of dividend-paying
| WisdomTree Trust | 17 |
Description of Terms and Indexes (unaudited) (continued)
companies 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 that combines momentum, value, and interest rate signals.
The WisdomTree Dynamic Currency Hedged International SmallCap Equity Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the dividend-paying market in the industrialized world, 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 that combines momentum, value, and interest rate signals.
The WisdomTree 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 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 investment grade.
The WisdomTree U.S. High Yield Corporate Bond Index is a rule-based alternatively weighted index designed to capture the 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.
The WisdomTree U.S. Short-Term 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 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.
The WisdomTree 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 short-term 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 $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.
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
| 18 | WisdomTree Trust |
Description of Terms and 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.
THE INFORMATION SET FORTH IN THE BVP NASDAQ EMERGING CLOUD INDEX IS NOT INTENDED TO BE, AND SHALL NOT BE REGARDED OR CONSTRUED AS, A RECOMMENDATION FOR A TRANSACTION OR INVESTMENT OR FINANCIAL, TAX, INVESTMENT OR OTHER ADVICE OF ANY KIND BY BESSEMER VENTURE PARTNERS. BESSEMER VENTURE PARTNERS DOES NOT PROVIDE INVESTMENT ADVICE TO WISDOMTREE OR THE FUND, IS NOT AN INVESTMENT ADVISER TO THE FUND AND IS NOT RESPONSIBLE FOR THE PERFORMANCE OF THE FUND. THE FUND IS NOT ISSUED, SPONSORED, ENDORSED OR PROMOTED BY BESSEMER VENTURE PARTNERS. BESSEMER VENTURE PARTNERS MAKES NO WARRANTY OR REPRESENTATION REGARDING THE QUALITY, ACCURACY OR COMPLETENESS OF THE BVP NASDAQ EMERGING CLOUD INDEX, INDEX VALUES OR ANY INDEX RELATED DATA INCLUDED HEREIN, PROVIDED HEREWITH OR DERIVED THEREFROM AND ASSUMES NO LIABILITY IN CONNECTION WITH ITS USE. BESSEMER VENTURE PARTNERS AND/OR POOLED INVESTMENT VEHICLES WHICH IT MANAGES, AND INDIVIDUALS AND ENTITIES AFFILIATED WITH SUCH VEHICLES, MAY PURCHASE, SELL OR HOLD SECURITIES OF ISSUERS THAT ARE CONSTITUENTS OF THE BVP NASDAQ EMERGING CLOUD INDEX FROM TIME TO TIME AND AT ANY TIME, INCLUDING IN ADVANCE OF OR FOLLOWING AN ISSUER BEING ADDED TO OR REMOVED FROM THE BVP NASDAQ EMERGING CLOUD INDEX.
Nasdaq® and the BVP Nasdaq Emerging Cloud Index are registered trademarks and service marks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by WisdomTree. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
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,
| WisdomTree Trust | 19 |
Description of Terms and Indexes (unaudited) (concluded)
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.
* * * * * *
Abbreviations used in the schedules of investments and related tables included in this report are as follows:
| CURRENCY ABBREVIATIONS: | ||
| AUD | Australian dollar | |
| BRL | Brazilian real | |
| CHF | Swiss franc | |
| DKK | Danish krone | |
| EUR | Euro | |
| GBP | British pound | |
| HKD | Hong Kong dollar | |
| ILS | Israeli new shekel | |
| JPY | Japanese yen | |
| NOK | Norwegian krone | |
| NZD | New Zealand dollar | |
| SEK | Swedish krona | |
| SGD | Singapore dollar | |
| USD | U.S. dollar | |
| ZAR | South African rand | |
| OTHER ABBREVIATIONS: | ||
| ADR | American Depositary Receipt | |
| CVA | Certificaten Van Aandelen (Certificate of Stock) | |
| GDR | Global Depositary Receipt | |
| NVDR | Non-Voting Depositary Receipt | |
| RSP | Risparmio Italian Savings Shares | |
| 20 | WisdomTree Trust |
Schedule of Investments
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% |
| |||||||
| Australia – 8.5% |
| |||||||
AGL Energy Ltd. | 17,904 | $ | 210,174 | |||||
Alumina Ltd. | 158,601 | 177,445 | ||||||
Ampol Ltd. | 7,588 | 153,178 | ||||||
APA Group | 27,582 | 211,361 | ||||||
Aristocrat Leisure Ltd. | 8,364 | 146,845 | ||||||
ASX Ltd. | 3,297 | 193,811 | ||||||
Aurizon Holdings Ltd. | 51,373 | 174,022 | ||||||
AusNet Services | 37,332 | 42,924 | ||||||
Australia & New Zealand Banking Group Ltd. | 55,376 | 710,676 | ||||||
Bank of Queensland Ltd.(a) | 16,972 | 72,098 | ||||||
Bendigo & Adelaide Bank Ltd.(a) | 17,022 | 82,155 | ||||||
BHP Group Ltd.(a) | 50,124 | 1,236,161 | ||||||
BHP Group PLC | 40,267 | 823,129 | ||||||
Boral Ltd.(a) | 31,402 | 81,941 | ||||||
Brambles Ltd. | 21,816 | 163,271 | ||||||
Challenger Ltd.(a) | 18,094 | 54,939 | ||||||
Commonwealth Bank of Australia | 33,451 | 1,598,813 | ||||||
Crown Resorts Ltd. | 24,843 | 165,400 | ||||||
CSL Ltd. | 2,450 | 484,119 | ||||||
Data#3 Ltd.(a) | 14,311 | 44,733 | ||||||
Downer EDI Ltd. | 20,555 | 61,986 | ||||||
Evolution Mining Ltd. | 8,362 | 32,644 | ||||||
Fortescue Metals Group Ltd. | 47,237 | 450,439 | ||||||
GUD Holdings Ltd.(a) | 11,536 | 91,419 | ||||||
Iluka Resources Ltd. | 10,687 | 62,837 | ||||||
Infomedia Ltd. | 27,746 | 32,857 | ||||||
Insurance Australia Group Ltd. | 37,230 | 147,902 | ||||||
IOOF Holdings Ltd.(a) | 26,180 | 88,683 | ||||||
Japara Healthcare Ltd.(a) | 127,863 | 43,137 | ||||||
JB Hi-Fi Ltd.(a) | 3,124 | 92,552 | ||||||
Macquarie Group Ltd. | 6,594 | 538,440 | ||||||
Magellan Financial Group Ltd. | 3,796 | 151,612 | ||||||
Medibank Pvt Ltd. | 56,403 | 116,112 | ||||||
National Australia Bank Ltd. | 64,021 | 803,109 | ||||||
New Hope Corp., Ltd.(a) | 121,107 | 113,817 | ||||||
NIB Holdings Ltd. | 15,677 | 49,759 | ||||||
Origin Energy Ltd. | 16,145 | 64,916 | ||||||
Pendal Group Ltd.(a) | 14,881 | 61,166 | ||||||
Perpetual Ltd.(a) | 2,821 | 57,627 | ||||||
Platinum Asset Management Ltd.(a) | 32,190 | 82,667 | ||||||
QBE Insurance Group Ltd. | 25,451 | 155,254 | ||||||
Ramsay Health Care Ltd. | 4,861 | 222,629 | ||||||
Rio Tinto Ltd. | 6,128 | 413,306 | ||||||
Rio Tinto PLC | 26,020 | 1,462,518 | ||||||
Santos Ltd. | 29,067 | 106,067 | ||||||
Service Stream Ltd. | 46,398 | 60,855 | ||||||
Sonic Healthcare Ltd. | 10,472 | 219,399 | ||||||
South32 Ltd. | 109,515 | 153,818 | ||||||
Suncorp Group Ltd. | 28,396 | 180,452 | ||||||
Tabcorp Holdings Ltd. | 84,123 | 195,765 | ||||||
Telstra Corp., Ltd. | 148,236 | 319,449 | ||||||
Transurban Group | 40,084 | 389,957 | ||||||
Treasury Wine Estates Ltd. | 12,119 | 87,444 | ||||||
Wesfarmers Ltd. | 35,560 | 1,097,575 | ||||||
Westpac Banking Corp. | 77,868 | 962,337 | ||||||
Whitehaven Coal Ltd.(a) | 54,052 | 53,217 | ||||||
Woodside Petroleum Ltd. | 23,363 | 348,249 | ||||||
Woolworths Group Ltd. | 18,575 | 476,770 | ||||||
Worley Ltd. | 3,740 | 22,454 | ||||||
|
| |||||||
| Total Australia |
| 16,898,391 | ||||||
| Austria – 0.5% |
| |||||||
Andritz AG | 2,817 | 102,511 | ||||||
BAWAG Group AG*(b) | 4,644 | 160,337 | ||||||
Erste Group Bank AG | 6,645 | 156,357 | ||||||
Oesterreichische Post AG(a) | 2,880 | 95,261 | ||||||
OMV AG | 6,142 | 205,296 | ||||||
Raiffeisen Bank International AG | 3,705 | 65,998 | ||||||
UNIQA Insurance Group AG | 10,786 | 72,564 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 4,167 | 93,135 | ||||||
|
| |||||||
| Total Austria |
| 951,459 | ||||||
| Belgium – 0.9% |
| |||||||
Ageas S.A./N.V. | 4,375 | 154,981 | ||||||
Anheuser-Busch InBev S.A./N.V. | 17,011 | 838,080 | ||||||
Colruyt S.A. | 2,701 | 148,557 | ||||||
Elia Group S.A./N.V. | 671 | 72,801 | ||||||
Proximus SADP | 10,036 | 204,473 | ||||||
Solvay S.A. | 2,357 | 188,644 | ||||||
UCB S.A. | 2,193 | 253,942 | ||||||
|
| |||||||
| Total Belgium |
| 1,861,478 | ||||||
| Chile – 0.1% |
| |||||||
Antofagasta PLC | 18,307 | 212,086 | ||||||
| China – 3.7% |
| |||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd.(a) | 31,000 | 41,758 | ||||||
BOC Hong Kong Holdings Ltd. | 194,000 | 617,009 | ||||||
China Everbright International Ltd. | 142,666 | 75,286 | ||||||
China Jinmao Holdings Group Ltd. | 310,000 | 217,987 | ||||||
China Mobile Ltd. | 386,000 | 2,604,726 | ||||||
China Overseas Grand Oceans Group Ltd. | 161,000 | 90,778 | ||||||
China Overseas Land & Investment Ltd. | 136,000 | 411,486 | ||||||
China Resources Power Holdings Co., Ltd. | 186,000 | 218,627 | ||||||
China Taiping Insurance Holdings Co., Ltd. | 36,800 | 58,972 | ||||||
China Unicom Hong Kong Ltd. | 244,000 | 131,910 | ||||||
CITIC Ltd. | 440,000 | 413,292 | ||||||
CITIC Telecom International Holdings Ltd. | 160,000 | 50,784 | ||||||
CNOOC Ltd. | 1,031,000 | 1,146,671 | ||||||
CSPC Pharmaceutical Group Ltd. | 67,200 | 126,936 | ||||||
Fosun International Ltd. | 159,000 | 202,277 | ||||||
Genertec Universal Medical Group Co., Ltd.(b) | 228,500 | 137,977 | ||||||
Guangdong Investment Ltd. | 120,000 | 205,924 | ||||||
Shenzhen Investment Ltd. | 396,000 | 125,180 | ||||||
Sino-Ocean Group Holding Ltd. | 322,000 | 77,276 | ||||||
Sun Art Retail Group Ltd. | 97,500 | 166,558 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 21 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| Investments | Shares | Value | ||||||
Wilmar International Ltd. | 104,900 | $ | 307,545 | |||||
|
| |||||||
| Total China |
| 7,428,959 | ||||||
| Denmark – 1.7% |
| |||||||
AP Moller – Maersk A/S Class B | 94 | 109,469 | ||||||
Coloplast A/S Class B | 2,278 | 352,894 | ||||||
Danske Bank A/S* | 25,811 | 343,371 | ||||||
DSV Panalpina A/S | 724 | 88,351 | ||||||
GN Store Nord A/S | 905 | 48,196 | ||||||
H. Lundbeck A/S | 4,578 | 172,056 | ||||||
Novo Nordisk A/S Class B | 18,367 | 1,188,494 | ||||||
Novozymes A/S Class B | 1,734 | 100,210 | ||||||
Orsted A/S(b) | 3,066 | 353,637 | ||||||
Pandora A/S | 3,878 | 210,557 | ||||||
Rockwool International A/S Class B | 206 | 55,722 | ||||||
Topdanmark A/S | 1,811 | 74,777 | ||||||
Tryg A/S | 6,380 | 184,594 | ||||||
Vestas Wind Systems A/S | 1,295 | 131,804 | ||||||
|
| |||||||
| Total Denmark |
| 3,414,132 | ||||||
| Finland – 2.2% |
| |||||||
Ahlstrom-Munksjo Oyj | 4,805 | 71,777 | ||||||
Elisa Oyj | 3,762 | 228,757 | ||||||
Fiskars Oyj Abp | 5,946 | 68,385 | ||||||
Fortum Oyj | 19,216 | 364,851 | ||||||
Huhtamaki Oyj* | 1,603 | 63,087 | ||||||
Kemira Oyj | 4,526 | 58,256 | ||||||
Kesko Oyj Class B | 7,800 | 133,336 | ||||||
Kone Oyj Class B | 6,065 | 417,025 | ||||||
Metso Oyj | 2,798 | 91,669 | ||||||
Neste Oyj | 7,059 | 275,985 | ||||||
Nokian Renkaat Oyj | 4,002 | 87,829 | ||||||
Nordea Bank Abp | 153,930 | 1,062,532 | ||||||
Orion Oyj Class B | 2,561 | 123,857 | ||||||
Sampo Oyj Class A | 13,501 | 464,311 | ||||||
Stora Enso Oyj Class R | 12,574 | 150,122 | ||||||
TietoEVRY Oyj* | 5,721 | 156,012 | ||||||
UPM-Kymmene Oyj | 11,421 | 329,923 | ||||||
Valmet Oyj | 3,119 | 81,377 | ||||||
Wartsila Oyj Abp | 9,113 | 75,311 | ||||||
|
| |||||||
| Total Finland |
| 4,304,402 | ||||||
| France – 8.2% |
| |||||||
Air Liquide S.A. | 3,929 | 566,611 | ||||||
ALD S.A.(b) | 11,037 | 109,087 | ||||||
AXA S.A. | 46,675 | 975,697 | ||||||
BioMerieux | 656 | 90,109 | ||||||
Bollore S.A. | 36,500 | 114,622 | ||||||
Capgemini SE | 1,545 | 176,910 | ||||||
Carrefour S.A. | 10,147 | 156,760 | ||||||
Cie Generale des Etablissements Michelin SCA | 2,177 | 225,780 | ||||||
Cie Plastic Omnium S.A. | 3,491 | 71,086 | ||||||
CNP Assurances* | 11,907 | 137,077 | ||||||
Covivio | 2,059 | 149,160 | ||||||
Danone S.A. | 7,376 | 509,985 | ||||||
Dassault Systemes SE | 1,100 | 189,767 | ||||||
Edenred | 4,023 | 175,903 | ||||||
Eutelsat Communications S.A. | 9,372 | 86,420 | ||||||
Gaztransport Et Technigaz S.A. | 1,028 | 78,397 | ||||||
Hermes International | 381 | 318,287 | ||||||
ICADE | 2,164 | 150,691 | ||||||
Ipsen S.A. | 839 | 71,287 | ||||||
Kering S.A. | 1,126 | 612,415 | ||||||
Klepierre S.A.(a) | 7,966 | 158,675 | ||||||
L’Oreal S.A. | 3,416 | 1,096,140 | ||||||
Legrand S.A. | 2,514 | 190,932 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 3,407 | 1,494,276 | ||||||
Nexity S.A. | 1,805 | 58,386 | ||||||
Orange S.A.(a) | 49,697 | 594,174 | ||||||
Pernod Ricard S.A. | 1,717 | 270,079 | ||||||
Publicis Groupe S.A. | 3,938 | 127,426 | ||||||
Rubis SCA | 1,803 | 86,631 | ||||||
Sanofi | 20,056 | 2,041,973 | ||||||
Schneider Electric SE | 6,874 | 763,406 | ||||||
SEB S.A. | 600 | 99,129 | ||||||
Sodexo S.A. | 2,724 | 184,180 | ||||||
Suez S.A. | 14,395 | 168,710 | ||||||
Teleperformance | 589 | 149,441 | ||||||
Thales S.A. | 1,757 | 141,846 | ||||||
TOTAL S.A. | 56,689 | 2,163,197 | ||||||
Valeo S.A. | 4,893 | 128,377 | ||||||
Veolia Environnement S.A. | 10,751 | 241,741 | ||||||
Vicat S.A. | 413 | 12,687 | ||||||
Vinci S.A. | 7,133 | 656,937 | ||||||
Vivendi S.A. | 12,085 | 310,013 | ||||||
Wendel SE | 844 | 80,433 | ||||||
|
| |||||||
| Total France |
| 16,184,840 | ||||||
| Germany – 9.2% |
| |||||||
Allianz SE, Registered Shares | 6,386 | 1,303,662 | ||||||
Aurubis AG | 1,264 | 77,911 | ||||||
BASF SE | 17,530 | 982,078 | ||||||
Bayer AG, Registered Shares | 19,570 | 1,446,067 | ||||||
Bayerische Motoren Werke AG | 13,105 | 836,327 | ||||||
Brenntag AG | 3,199 | 168,043 | ||||||
Carl Zeiss Meditec AG, Bearer Shares* | 759 | 73,994 | ||||||
Continental AG | 2,947 | 288,493 | ||||||
Covestro AG*(b) | 4,108 | 156,181 | ||||||
Daimler AG, Registered Shares | 29,422 | 1,194,423 | ||||||
Deutsche Boerse AG | 1,764 | 319,078 | ||||||
Deutsche Post AG, Registered Shares | 22,042 | 805,823 | ||||||
Deutsche Telekom AG, Registered Shares | 83,964 | 1,409,376 | ||||||
Deutsche Wohnen SE, Bearer Shares | 3,616 | 162,249 | ||||||
Duerr AG | 2,819 | 73,455 | ||||||
DWS Group GmbH & Co. KGaA(b) | 1,630 | 59,151 | ||||||
E.ON SE | 41,391 | 465,580 | ||||||
Evonik Industries AG | 9,798 | 248,815 | ||||||
Freenet AG | 7,875 | 126,658 | ||||||
Fresenius Medical Care AG & Co. KGaA | 2,657 | 227,695 | ||||||
Fresenius SE & Co. KGaA | 4,546 | 225,270 | ||||||
See Notes to Financial Statements.
| 22 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| Investments | Shares | Value | ||||||
Fuchs Petrolub SE | 2,651 | $ | 89,324 | |||||
GEA Group AG | 4,972 | 157,198 | ||||||
Hannover Rueck SE | 2,007 | 345,789 | ||||||
Hapag-Lloyd AG(b) | 202 | 11,775 | ||||||
HeidelbergCement AG | 2,962 | 158,155 | ||||||
Henkel AG & Co. KGaA | 2,674 | 222,695 | ||||||
Hochtief AG | 1,703 | 151,010 | ||||||
Infineon Technologies AG | 8,687 | 203,673 | ||||||
KION Group AG | 1,887 | 116,142 | ||||||
LEG Immobilien AG | 1,434 | 181,998 | ||||||
METRO AG | 7,834 | 74,050 | ||||||
MTU Aero Engines AG* | 527 | 91,241 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG, Registered Shares | 2,253 | 585,548 | ||||||
RWE AG | 8,038 | 280,857 | ||||||
SAP SE | 6,998 | 977,131 | ||||||
Siemens AG, Registered Shares | 12,222 | 1,438,055 | ||||||
Siemens Healthineers AG(b) | 9,084 | 435,145 | ||||||
Siltronic AG | 469 | 47,819 | ||||||
Software AG | 2,758 | 111,206 | ||||||
Stroeer SE & Co. KGaA | 420 | 28,256 | ||||||
Suedzucker AG | 5,194 | 81,846 | ||||||
Symrise AG | 1,220 | 141,820 | ||||||
Talanx AG* | 5,513 | 204,829 | ||||||
Telefonica Deutschland Holding AG | 136,487 | 402,707 | ||||||
TUI AG | 23,542 | 110,947 | ||||||
Uniper SE | 6,385 | 205,817 | ||||||
Volkswagen AG | 3,651 | 587,619 | ||||||
Wacker Chemie AG | 979 | 67,117 | ||||||
|
| |||||||
| Total Germany |
| 18,160,098 | ||||||
| Hong Kong – 2.5% |
| |||||||
AIA Group Ltd. | 66,400 | 619,412 | ||||||
Bank of East Asia Ltd. (The) | 52,549 | 120,008 | ||||||
CLP Holdings Ltd. | 34,000 | 333,400 | ||||||
Hang Lung Properties Ltd. | 88,000 | 208,463 | ||||||
Hang Seng Bank Ltd. | 23,800 | 399,510 | ||||||
Henderson Land Development Co., Ltd. | 68,000 | 257,946 | ||||||
Hong Kong & China Gas Co., Ltd. | 141,873 | 219,661 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 11,159 | 475,130 | ||||||
Hutchison Port Holdings Trust | 469,300 | 45,053 | ||||||
Lai Sun Development Co., Ltd. | 27,300 | 28,425 | ||||||
MTR Corp., Ltd. | 64,643 | 334,873 | ||||||
New World Development Co., Ltd. | 37,252 | 176,877 | ||||||
PCCW Ltd. | 224,000 | 127,745 | ||||||
Power Assets Holdings Ltd. | 45,500 | 247,447 | ||||||
Sino Land Co., Ltd. | 136,000 | 171,087 | ||||||
SJM Holdings Ltd. | 156,000 | 173,100 | ||||||
Sun Hung Kai Properties Ltd. | 35,500 | 453,228 | ||||||
Swire Pacific Ltd. Class A | 9,000 | 47,726 | ||||||
Swire Pacific Ltd. Class B | 57,500 | 54,826 | ||||||
Swire Properties Ltd. | 62,000 | 157,431 | ||||||
Techtronic Industries Co., Ltd. | 18,000 | 176,041 | ||||||
Wharf Holdings Ltd. (The)(a) | 61,000 | 124,039 | ||||||
|
| |||||||
| Total Hong Kong |
| 4,951,428 | ||||||
| Ireland – 0.2% |
| |||||||
CRH PLC | 9,549 | 327,111 | ||||||
Total Produce PLC | 43,753 | 56,021 | ||||||
|
| |||||||
| Total Ireland |
| 383,132 | ||||||
| Israel – 0.3% |
| |||||||
Delek Automotive Systems Ltd. | 14,814 | 67,158 | ||||||
Delek Group Ltd. | 711 | 16,634 | ||||||
First International Bank of Israel Ltd. | 9,126 | 192,754 | ||||||
Fox Wizel Ltd. | 535 | 19,616 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 13,443 | 72,634 | ||||||
ICL Group Ltd. | 33,257 | 98,591 | ||||||
Menora Mivtachim Holdings Ltd. | 5,667 | 56,949 | ||||||
Migdal Insurance & Financial Holdings Ltd. | 69,572 | 36,023 | ||||||
Naphtha Israel Petroleum Corp., Ltd.* | 6,395 | 20,843 | ||||||
NR Spuntech Industries Ltd. | 7,251 | 18,449 | ||||||
|
| |||||||
| Total Israel |
| 599,651 | ||||||
| Italy – 2.8% |
| |||||||
A2A SpA | 72,463 | 102,588 | ||||||
ACEA SpA | 5,018 | 96,319 | ||||||
Ascopiave SpA | 39,097 | 164,669 | ||||||
Assicurazioni Generali SpA | 21,209 | 320,867 | ||||||
ASTM SpA | 5,673 | 129,599 | ||||||
Azimut Holding SpA | 4,167 | 71,185 | ||||||
Banca Generali SpA | 3,108 | 93,064 | ||||||
Banca Mediolanum SpA | 21,157 | 151,842 | ||||||
Credito Emiliano SpA | 15,250 | 75,363 | ||||||
DiaSorin SpA | 690 | 132,056 | ||||||
Enel SpA | 175,513 | 1,513,545 | ||||||
Eni SpA | 82,602 | 787,655 | ||||||
ERG SpA | 5,048 | 108,801 | ||||||
Ferrari N.V. | 491 | 83,740 | ||||||
Hera SpA | 40,401 | 151,829 | ||||||
Infrastrutture Wireless Italiane SpA(b) | 11,086 | 111,065 | ||||||
Italgas SpA | 17,941 | 104,178 | ||||||
Leonardo SpA | 6,076 | 40,263 | ||||||
Mediobanca Banca di Credito Finanziario SpA | 15,362 | 110,252 | ||||||
Piaggio & C. SpA | 8,267 | 19,963 | ||||||
Poste Italiane SpA(b) | 22,631 | 196,735 | ||||||
Recordati SpA | 3,818 | 190,610 | ||||||
Saras SpA* | 46,580 | 36,622 | ||||||
Snam SpA | 66,524 | 323,821 | ||||||
Telecom Italia SpA RSP | 142,017 | 55,030 | ||||||
Terna Rete Elettrica Nazionale SpA | 32,456 | 223,019 | ||||||
UnipolSai Assicurazioni SpA(a) | 70,443 | 168,363 | ||||||
|
| |||||||
| Total Italy |
| 5,563,043 | ||||||
| Japan – 24.1% |
| |||||||
Advantest Corp. | 3,500 | 198,545 | ||||||
Aeon Co., Ltd. | 11,800 | 273,986 | ||||||
AGC, Inc. | 5,100 | 144,890 | ||||||
Ahresty Corp. | 30,400 | 100,314 | ||||||
Aisin Seiki Co., Ltd. | 6,600 | 192,093 | ||||||
Ajinomoto Co., Inc. | 9,400 | 156,137 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 23 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| Investments | Shares | Value | ||||||
Amada Co., Ltd. | 14,100 | $ | 115,142 | |||||
Aozora Bank Ltd.(a) | 6,200 | 107,811 | ||||||
Artnature, Inc. | 20,800 | 118,571 | ||||||
Asahi Group Holdings Ltd.(a) | 5,900 | 206,501 | ||||||
Asahi Holdings, Inc. | 2,600 | 68,781 | ||||||
Asahi Kasei Corp. | 20,400 | 165,567 | ||||||
Astellas Pharma, Inc. | 25,500 | 425,335 | ||||||
Azbil Corp. | 5,100 | 155,290 | ||||||
Bank of the Ryukyus Ltd. | 12,500 | 110,766 | ||||||
Bridgestone Corp.(a) | 10,900 | 350,485 | ||||||
Brother Industries Ltd. | 7,100 | 127,805 | ||||||
Canon Electronics, Inc. | 8,400 | 125,278 | ||||||
Canon, Inc.(a) | 25,700 | 508,473 | ||||||
Capcom Co., Ltd. | 2,700 | 98,104 | ||||||
Chiba Bank Ltd. (The) | 23,700 | 111,597 | ||||||
Chubu Electric Power Co., Inc. | 13,600 | 170,433 | ||||||
Chugai Pharmaceutical Co., Ltd. | 8,100 | 432,836 | ||||||
Citizen Watch Co., Ltd. | 30,700 | 99,597 | ||||||
Concordia Financial Group Ltd. | 42,200 | 134,949 | ||||||
Dai Nippon Toryo Co., Ltd. | 13,600 | 118,244 | ||||||
Dai-ichi Life Holdings, Inc. | 15,500 | 184,331 | ||||||
Daido Steel Co., Ltd. | 2,900 | 88,840 | ||||||
Daifuku Co., Ltd. | 1,800 | 157,167 | ||||||
Daiichi Sankyo Co., Ltd. | 4,000 | 326,496 | ||||||
Daikin Industries Ltd. | 1,900 | 305,293 | ||||||
Daito Trust Construction Co., Ltd. | 1,700 | 156,141 | ||||||
Daiwa House Industry Co., Ltd. | 10,800 | 254,471 | ||||||
Daiwa Securities Group, Inc. | 39,200 | 163,398 | ||||||
Denso Corp. | 10,100 | 393,665 | ||||||
Dentsu Group, Inc.(a) | 4,800 | 113,677 | ||||||
DIC Corp.(a) | 4,500 | 112,662 | ||||||
Dip Corp. | 2,200 | 44,475 | ||||||
Disco Corp. | 600 | 145,099 | ||||||
Dowa Holdings Co., Ltd. | 3,100 | 93,961 | ||||||
East Japan Railway Co. | 3,200 | 221,688 | ||||||
Eisai Co., Ltd. | 3,000 | 237,642 | ||||||
Electric Power Development Co., Ltd. | 8,400 | 159,225 | ||||||
Elematec Corp. | 8,300 | 67,394 | ||||||
ENEOS Holdings, Inc. | 64,300 | 227,674 | ||||||
Enplas Corp.(a) | 2,600 | 57,165 | ||||||
FamilyMart Co., Ltd. | 4,000 | 68,555 | ||||||
FANUC Corp. | 4,300 | 767,651 | ||||||
Fast Retailing Co., Ltd. | 500 | 285,953 | ||||||
Fuji Electric Co., Ltd. | 4,100 | 111,882 | ||||||
Fujitsu Ltd. | 2,500 | 292,441 | ||||||
Fukuoka Financial Group, Inc. | 8,400 | 132,441 | ||||||
Hakuto Co., Ltd.(a) | 11,400 | 103,872 | ||||||
Hamamatsu Photonics K.K. | 2,800 | 121,203 | ||||||
Hikari Tsushin, Inc. | 900 | 204,801 | ||||||
Hino Motors Ltd. | 17,600 | 118,764 | ||||||
Hirose Electric Co., Ltd. | 1,100 | 120,517 | ||||||
Hitachi Construction Machinery Co., Ltd. | 6,600 | 182,305 | ||||||
Hitachi Ltd. | 8,600 | 271,269 | ||||||
Hitachi Metals Ltd. | 8,300 | 98,706 | ||||||
Hokuhoku Financial Group, Inc. | 10,700 | 88,369 | ||||||
Honda Motor Co., Ltd. | 28,200 | 720,259 | ||||||
Hulic Co., Ltd.(a) | 18,700 | 175,413 | ||||||
Ichiken Co., Ltd. | 6,000 | 84,034 | ||||||
Idemitsu Kosan Co., Ltd. | 3,400 | 72,075 | ||||||
IHI Corp. | 3,800 | 54,877 | ||||||
Ines Corp. | 8,600 | 108,810 | ||||||
IR Japan Holdings Ltd. | 300 | 31,339 | ||||||
Isuzu Motors Ltd. | 13,400 | 120,890 | ||||||
ITOCHU Corp. | 30,900 | 664,915 | ||||||
Iyo Bank Ltd. (The) | 20,800 | 126,861 | ||||||
Japan Exchange Group, Inc. | 12,100 | 279,494 | ||||||
Japan Post Holdings Co., Ltd. | 60,700 | 431,373 | ||||||
Japan Post Insurance Co., Ltd. | 8,900 | 116,566 | ||||||
Japan Tobacco, Inc.(a) | 48,400 | 897,925 | ||||||
JSR Corp. | 7,200 | 138,815 | ||||||
JTEKT Corp. | 10,500 | 81,462 | ||||||
Kaga Electronics Co., Ltd. | 3,800 | 68,896 | ||||||
Kajima Corp. | 10,300 | 122,586 | ||||||
Kansai Electric Power Co., Inc. (The) | 19,600 | 189,850 | ||||||
Kansai Paint Co., Ltd. | 5,000 | 105,344 | ||||||
Kao Corp.(a) | 4,000 | 316,633 | ||||||
Kawasaki Heavy Industries Ltd. | 5,900 | 84,766 | ||||||
KDDI Corp. | 38,200 | 1,145,097 | ||||||
Keio Corp. | 2,100 | 119,905 | ||||||
Keyence Corp. | 430 | 179,477 | ||||||
Kirin Holdings Co., Ltd. | 7,200 | 151,795 | ||||||
Koito Manufacturing Co., Ltd. | 2,400 | 96,547 | ||||||
Komatsu Ltd. | 18,000 | 367,642 | ||||||
Kuraray Co., Ltd.(a) | 10,300 | 107,406 | ||||||
Kyokuto Securities Co., Ltd.(a) | 13,600 | 64,417 | ||||||
Kyowa Exeo Corp. | 5,300 | 126,500 | ||||||
Kyowa Kirin Co., Ltd.(a) | 6,300 | 165,201 | ||||||
Kyushu Electric Power Co., Inc. | 14,400 | 120,795 | ||||||
Kyushu Railway Co. | 6,000 | 155,666 | ||||||
Lawson, Inc. | 4,300 | 215,628 | ||||||
LIXIL Group Corp. | 8,300 | 115,862 | ||||||
Mabuchi Motor Co., Ltd. | 4,500 | 143,069 | ||||||
Makita Corp. | 3,900 | 141,526 | ||||||
Marubeni Corp. | 41,800 | 188,882 | ||||||
Marubun Corp.(a) | 23,800 | 128,613 | ||||||
Matsui Securities Co., Ltd.(a) | 15,500 | 119,247 | ||||||
Maxell Holdings Ltd. | 6,100 | 56,768 | ||||||
Mazda Motor Corp. | 14,100 | 84,429 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 3,500 | 188,812 | ||||||
MEIJI Holdings Co., Ltd. | 3,100 | 246,540 | ||||||
MINEBEA MITSUMI, Inc. | 8,200 | 148,441 | ||||||
Mitsubishi Chemical Holdings Corp. | 33,900 | 197,144 | ||||||
Mitsubishi Corp. | 28,700 | 603,875 | ||||||
Mitsubishi Electric Corp. | 31,600 | 409,920 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 8,400 | 126,913 | ||||||
Mitsubishi Heavy Industries Ltd. | 5,000 | 117,857 | ||||||
Mitsubishi Logistics Corp. | 4,600 | 118,491 | ||||||
Mitsubishi Motors Corp. | 41,400 | 102,075 | ||||||
See Notes to Financial Statements.
| 24 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| Investments | Shares | Value | ||||||
Mitsubishi UFJ Financial Group, Inc. | 205,000 | $ | 801,112 | |||||
Mitsui Chemicals, Inc. | 6,000 | 124,966 | ||||||
Mitsui Fudosan Co., Ltd. | 9,600 | 169,914 | ||||||
Mixi, Inc. | 8,200 | 144,641 | ||||||
Mizuho Financial Group, Inc. | 457,200 | 560,243 | ||||||
MS&AD Insurance Group Holdings, Inc. | 10,300 | 282,693 | ||||||
Murata Manufacturing Co., Ltd. | 5,700 | 333,700 | ||||||
Nagase & Co., Ltd. | 10,600 | 131,954 | ||||||
NGK Insulators Ltd. | 11,500 | 158,613 | ||||||
NGK Spark Plug Co., Ltd. | 7,200 | 103,043 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 10,900 | 131,647 | ||||||
Nikon Corp. | 10,900 | 91,132 | ||||||
Nintendo Co., Ltd. | 1,400 | 623,015 | ||||||
Nippon Express Co., Ltd. | 2,500 | 129,304 | ||||||
Nippon Kayaku Co., Ltd. | 7,100 | 74,037 | ||||||
Nippon Paint Holdings Co., Ltd.(a) | 2,900 | 210,743 | ||||||
Nippon Signal Co., Ltd. | 11,700 | 122,873 | ||||||
Nippon Telegraph & Telephone Corp. | 58,400 | 1,361,683 | ||||||
Nissan Chemical Corp. | 1,900 | 97,215 | ||||||
Nissin Foods Holdings Co., Ltd. | 1,900 | 168,188 | ||||||
Nitto Denko Corp. | 3,800 | 214,858 | ||||||
Nomura Research Institute Ltd. | 6,000 | 162,784 | ||||||
NSK Ltd. | 16,100 | 119,237 | ||||||
NTN Corp. | 51,100 | 101,835 | ||||||
NTT DOCOMO, Inc. | 65,800 | 1,757,757 | ||||||
Obayashi Corp. | 18,200 | 170,048 | ||||||
Oji Holdings Corp. | 17,900 | 83,125 | ||||||
Ono Pharmaceutical Co., Ltd. | 9,400 | 273,326 | ||||||
Otsuka Holdings Co., Ltd.(a) | 8,400 | 365,867 | ||||||
Panasonic Corp. | 40,400 | 351,855 | ||||||
Pola Orbis Holdings, Inc.(a) | 6,000 | 104,333 | ||||||
Recruit Holdings Co., Ltd. | 7,100 | 242,315 | ||||||
Resona Holdings, Inc. | 46,900 | 159,891 | ||||||
Ricoh Co., Ltd. | 10,000 | 71,280 | ||||||
Rohm Co., Ltd. | 1,500 | 99,272 | ||||||
Roland DG Corp. | 4,000 | 45,678 | ||||||
Satori Electric Co., Ltd.(a) | 10,900 | 83,858 | ||||||
SBI Holdings, Inc. | 5,800 | 125,156 | ||||||
Secom Co., Ltd. | 2,800 | 244,560 | ||||||
Seika Corp.(a) | 11,000 | 126,533 | ||||||
Seiko Epson Corp. | 8,300 | 94,859 | ||||||
Sekisui Chemical Co., Ltd. | 14,500 | 207,249 | ||||||
Sekisui House Ltd. | 21,000 | 399,523 | ||||||
Seven & I Holdings Co., Ltd. | 10,500 | 342,587 | ||||||
SG Holdings Co., Ltd. | 5,300 | 172,925 | ||||||
Sharp Corp. | 8,300 | 88,166 | ||||||
Shimano, Inc. | 1,000 | 192,334 | ||||||
Shimizu Corp. | 22,400 | 183,751 | ||||||
Shin-Etsu Chemical Co., Ltd. | 3,900 | 455,304 | ||||||
Shindengen Electric Manufacturing Co., Ltd. | 3,400 | 67,663 | ||||||
Shizuoka Bank Ltd. (The) | 18,300 | 117,550 | ||||||
Softbank Corp. | 51,400 | 655,096 | ||||||
SoftBank Group Corp. | 4,100 | 207,119 | ||||||
Sojitz Corp. | 39,400 | 85,823 | ||||||
Sompo Holdings, Inc. | 5,600 | 192,420 | ||||||
Sony Corp. | 4,100 | 280,617 | ||||||
Sony Financial Holdings, Inc. | 6,300 | 151,536 | ||||||
Square Enix Holdings Co., Ltd. | 1,800 | 90,763 | ||||||
Subaru Corp. | 18,400 | 382,292 | ||||||
SUMCO Corp.(a) | 8,500 | 129,921 | ||||||
Sumitomo Chemical Co., Ltd. | 35,500 | 105,955 | ||||||
Sumitomo Corp. | 26,600 | 304,377 | ||||||
Sumitomo Electric Industries Ltd. | 17,600 | 202,208 | ||||||
Sumitomo Metal Mining Co., Ltd. | 4,200 | 117,141 | ||||||
Sumitomo Mitsui Financial Group, Inc.(a) | 21,100 | 592,994 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 7,200 | 201,882 | ||||||
Sumitomo Rubber Industries Ltd.(a) | 11,300 | 111,235 | ||||||
Suntory Beverage & Food Ltd. | 5,100 | 198,781 | ||||||
Suzuki Motor Corp. | 3,300 | 111,861 | ||||||
T&D Holdings, Inc. | 13,100 | 111,833 | ||||||
T. RAD Co., Ltd. | 7,200 | 88,828 | ||||||
Taiheiyo Cement Corp. | 3,100 | 71,606 | ||||||
Taisei Corp. | 4,200 | 152,607 | ||||||
Taiyo Nippon Sanso Corp. | 4,100 | 68,444 | ||||||
Takeda Pharmaceutical Co., Ltd. | 23,900 | 852,456 | ||||||
TDK Corp. | 1,400 | 138,592 | ||||||
Terumo Corp. | 5,800 | 219,398 | ||||||
Toho Bank Ltd. (The) | 42,400 | 87,642 | ||||||
Toho Co., Ltd. | 3,300 | 119,141 | ||||||
Tohoku Electric Power Co., Inc. | 15,500 | 147,407 | ||||||
Tokio Marine Holdings, Inc. | 9,400 | 409,336 | ||||||
Tokyo Electron Ltd. | 3,500 | 857,765 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 8,300 | 47,699 | ||||||
Toray Industries, Inc. | 16,000 | 75,265 | ||||||
Torishima Pump Manufacturing Co., Ltd. | 14,800 | 109,747 | ||||||
Tosoh Corp. | 10,300 | 140,344 | ||||||
TOTO Ltd. | 3,700 | 141,127 | ||||||
Toyota Motor Corp. | 42,874 | 2,687,250 | ||||||
Toyota Tsusho Corp. | 7,200 | 182,127 | ||||||
Tsubaki Nakashima Co., Ltd. | 4,500 | 35,079 | ||||||
Unicharm Corp. | 4,900 | 200,751 | ||||||
West Holdings Corp. | 1,800 | 36,439 | ||||||
Yamaguchi Financial Group, Inc. | 14,800 | 90,815 | ||||||
Yamaha Corp. | 2,900 | 136,284 | ||||||
Yamaha Motor Co., Ltd. | 8,300 | 129,864 | ||||||
Yamato Holdings Co., Ltd. | 5,200 | 112,305 | ||||||
Yokogawa Electric Corp. | 4,100 | 63,846 | ||||||
Yokohama Rubber Co., Ltd. (The)(a) | 8,300 | 116,478 | ||||||
Z Holdings Corp. | 76,800 | 374,443 | ||||||
|
| |||||||
| Total Japan |
| 47,717,580 | ||||||
| Macau – 0.2% |
| |||||||
Galaxy Entertainment Group Ltd. | 46,000 | 313,079 | ||||||
| Mexico – 0.1% |
| |||||||
Fresnillo PLC | 17,270 | 179,545 | ||||||
| Netherlands – 3.3% |
| |||||||
ABN AMRO Bank N.V. CVA(b) | 24,806 | 213,581 | ||||||
Akzo Nobel N.V. | 2,072 | 185,568 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 25 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| Investments | Shares | Value | ||||||
ASML Holding N.V. | 2,056 | $ | 754,876 | |||||
BE Semiconductor Industries N.V. | 3,287 | 146,380 | ||||||
Heineken Holding N.V. | 2,856 | 233,682 | ||||||
Heineken N.V. | 4,006 | 369,216 | ||||||
IMCD N.V. | 785 | 73,778 | ||||||
Koninklijke Ahold Delhaize N.V. | 17,276 | 470,730 | ||||||
Koninklijke DSM N.V. | 1,574 | 217,798 | ||||||
Koninklijke KPN N.V. | 81,360 | 215,656 | ||||||
Koninklijke Vopak N.V. | 1,811 | 95,762 | ||||||
NN Group N.V. | 5,702 | 191,486 | ||||||
Royal Dutch Shell PLC Class A | 100,824 | 1,603,321 | ||||||
Royal Dutch Shell PLC Class B | 99,554 | 1,505,630 | ||||||
SBM Offshore N.V. | 1,477 | 21,590 | ||||||
Wolters Kluwer N.V. | 2,773 | 216,520 | ||||||
|
| |||||||
| Total Netherlands |
| 6,515,574 | ||||||
| New Zealand – 0.5% |
| |||||||
Chorus Ltd. | 18,465 | 88,914 | ||||||
Genesis Energy Ltd. | 81,948 | 159,845 | ||||||
Heartland Group Holdings Ltd. | 47,582 | 37,676 | ||||||
Infratil Ltd. | 39,427 | 119,291 | ||||||
Mainfreight Ltd. | 3,296 | 83,599 | ||||||
Meridian Energy Ltd. | 10,828 | 33,528 | ||||||
Port of Tauranga Ltd. | 32,182 | 159,522 | ||||||
Ryman Healthcare Ltd. | 9,829 | 82,763 | ||||||
Spark New Zealand Ltd. | 47,886 | 140,569 | ||||||
Summerset Group Holdings Ltd. | 15,332 | 63,760 | ||||||
Z Energy Ltd. | 27,989 | 48,648 | ||||||
|
| |||||||
| Total New Zealand |
| 1,018,115 | ||||||
| Norway – 1.5% |
| |||||||
ABG Sundal Collier Holding ASA | 429,134 | 186,609 | ||||||
AF Gruppen ASA | 8,534 | 152,510 | ||||||
Aker ASA Class A* | 1,867 | 67,814 | ||||||
Aker BP ASA | 8,921 | 162,108 | ||||||
Austevoll Seafood ASA | 10,683 | 87,982 | ||||||
Borregaard ASA | 5,278 | 55,915 | ||||||
DNB ASA | 27,155 | 357,769 | ||||||
Equinor ASA | 59,322 | 839,990 | ||||||
Gjensidige Forsikring ASA* | 7,801 | 143,211 | ||||||
Kongsberg Gruppen ASA | 4,863 | 67,952 | ||||||
Mowi ASA | 10,923 | 206,809 | ||||||
Orkla ASA | 22,379 | 195,558 | ||||||
SpareBank 1 SMN | 10,114 | 82,090 | ||||||
Telenor ASA | 23,116 | 335,706 | ||||||
TGS Nopec Geophysical Co. ASA | 4,494 | 64,915 | ||||||
|
| |||||||
| Total Norway |
| 3,006,938 | ||||||
| Portugal – 0.4% |
| |||||||
Corticeira Amorim, SGPS, S.A. | 6,690 | 75,740 | ||||||
EDP – Energias de Portugal S.A. | 78,241 | 373,475 | ||||||
Galp Energia, SGPS, S.A. | 16,546 | 191,319 | ||||||
NOS, SGPS, S.A.(a) | 22,100 | 96,407 | ||||||
Semapa-Sociedade de Investimento e Gestao | 5,035 | 45,749 | ||||||
|
| |||||||
| Total Portugal |
| 782,690 | ||||||
| Singapore – 1.8% |
| |||||||
Asian Pay Television Trust | 331,900 | 30,215 | ||||||
CapitaLand Ltd.* | 74,000 | 154,890 | ||||||
China Aviation Oil Singapore Corp., Ltd. | 132,100 | 94,692 | ||||||
CSE Global Ltd. | 395,600 | 113,430 | ||||||
DBS Group Holdings Ltd. | 46,900 | 699,272 | ||||||
Frasers Property Ltd. | 115,500 | 104,319 | ||||||
Genting Singapore Ltd. | 332,900 | 181,358 | ||||||
Jardine Cycle & Carriage Ltd. | 9,800 | 141,621 | ||||||
Keppel Corp., Ltd.(a) | 32,300 | 137,994 | ||||||
NetLink NBN Trust | 262,200 | 182,312 | ||||||
Olam International Ltd. | 130,800 | 130,327 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 47,085 | 303,763 | ||||||
Singapore Exchange Ltd. | 27,700 | 165,598 | ||||||
Singapore Technologies Engineering Ltd. | 59,500 | 140,748 | ||||||
Singapore Telecommunications Ltd. | 300,300 | 529,542 | ||||||
StarHub Ltd. | 101,400 | 94,491 | ||||||
United Overseas Bank Ltd. | 19,628 | 284,631 | ||||||
Yanlord Land Group Ltd. | 81,700 | 68,520 | ||||||
|
| |||||||
| Total Singapore |
| 3,557,723 | ||||||
| South Africa – 0.2% |
| |||||||
Anglo American PLC | 20,241 | 467,533 | ||||||
| Spain – 3.3% |
| |||||||
ACS Actividades de Construccion y Servicios S.A. | 4,708 | 118,658 | ||||||
Aena SME S.A.*(b) | 2,555 | 340,627 | ||||||
Bankia S.A. | 59,520 | 63,400 | ||||||
Bankinter S.A. | 19,768 | 94,249 | ||||||
CaixaBank S.A. | 138,241 | 295,082 | ||||||
Cie Automotive S.A.(a) | 4,155 | 72,894 | ||||||
Enagas S.A.(a) | 5,947 | 145,276 | ||||||
Ence Energia y Celulosa S.A.(a) | 23,080 | 75,538 | ||||||
Endesa S.A.(a) | 24,207 | 596,235 | ||||||
Euskaltel S.A.(b) | 8,824 | 78,294 | ||||||
Faes Farma S.A. | 21,169 | 86,069 | ||||||
Ferrovial S.A. | 10,526 | 280,188 | ||||||
Grifols S.A. | 3,726 | 113,117 | ||||||
Grupo Catalana Occidente S.A. | 4,081 | 93,963 | ||||||
Iberdrola S.A. | 96,648 | 1,120,238 | ||||||
Industria de Diseno Textil S.A. | 44,079 | 1,166,888 | ||||||
Mapfre S.A. | 59,382 | 105,645 | ||||||
Naturgy Energy Group S.A. | 20,217 | 376,137 | ||||||
Prosegur Cia de Seguridad S.A. | 27,300 | 63,532 | ||||||
Red Electrica Corp. S.A.(a) | 11,663 | 217,514 | ||||||
Repsol S.A. | 38,655 | 338,032 | ||||||
Sacyr S.A. | 22,118 | 45,883 | ||||||
Telefonica S.A.(a) | 103,650 | 494,412 | ||||||
Tubacex S.A.(a) | 23,403 | 35,432 | ||||||
Zardoya Otis S.A. | 13,441 | 91,936 | ||||||
|
| |||||||
| Total Spain |
| 6,509,239 | ||||||
| Sweden – 2.2% |
| |||||||
AAK AB* | 7,027 | 120,754 | ||||||
Atlas Copco AB Class A | 10,935 | 463,144 | ||||||
Axfood AB | 7,470 | 163,084 | ||||||
See Notes to Financial Statements.
| 26 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| Investments | Shares | Value | ||||||
Boliden AB | 4,626 | $ | 105,265 | |||||
Epiroc AB Class A | 9,499 | 118,372 | ||||||
Essity AB Class B* | 6,122 | 197,854 | ||||||
Evolution Gaming Group AB(b) | 2,064 | 123,087 | ||||||
Fabege AB | 9,666 | 112,984 | ||||||
Hexagon AB Class B* | 1,570 | 91,672 | ||||||
Husqvarna AB Class B | 16,206 | 132,721 | ||||||
ICA Gruppen AB | 3,966 | 188,070 | ||||||
Intrum AB(a) | 4,055 | 74,426 | ||||||
Investment AB Latour Class B(a) | 8,991 | 163,093 | ||||||
Lifco AB Class B | 1,077 | 68,204 | ||||||
Lundin Energy AB | 5,218 | 125,792 | ||||||
NCC AB Class B | 4,479 | 72,497 | ||||||
NetEnt AB* | 4,009 | 30,638 | ||||||
NP3 Fastigheter AB | 11,061 | 104,476 | ||||||
Securitas AB Class B* | 9,451 | 127,361 | ||||||
Svenska Handelsbanken AB Class A* | 43,544 | 413,349 | ||||||
Swedish Match AB | 3,305 | 232,356 | ||||||
Tele2 AB Class B | 9,714 | 128,819 | ||||||
Telefonaktiebolaget LM Ericsson Class B | 18,217 | 168,470 | ||||||
Telia Co. AB | 94,030 | 351,225 | ||||||
Volvo AB Class B* | 29,044 | 454,833 | ||||||
|
| |||||||
| Total Sweden |
| 4,332,546 | ||||||
| Switzerland – 9.7% |
| |||||||
ABB Ltd., Registered Shares | 36,249 | 815,990 | ||||||
Adecco Group AG, Registered Shares | 4,861 | 228,083 | ||||||
Cie Financiere Richemont S.A., Registered Shares | 5,480 | 349,545 | ||||||
Coca-Cola HBC AG | 4,119 | 103,214 | ||||||
Credit Suisse Group AG, Registered Shares | 30,541 | 315,805 | ||||||
DKSH Holding AG | 1,790 | 114,856 | ||||||
EMS-Chemie Holding AG, Registered Shares | 342 | 264,923 | ||||||
Geberit AG, Registered Shares | 461 | 230,707 | ||||||
Givaudan S.A., Registered Shares | 102 | 379,775 | ||||||
Julius Baer Group Ltd. | 3,675 | 153,779 | ||||||
Kuehne + Nagel International AG, Registered Shares* | 2,531 | 420,431 | ||||||
LafargeHolcim Ltd., Registered Shares* | 9,747 | 426,994 | ||||||
Logitech International S.A., Registered Shares | 2,300 | 150,154 | ||||||
Lonza Group AG, Registered Shares | 429 | 226,464 | ||||||
Nestle S.A., Registered Shares | 29,879 | 3,302,756 | ||||||
Novartis AG, Registered Shares | 31,773 | 2,763,686 | ||||||
Partners Group Holding AG | 370 | 335,579 | ||||||
Roche Holding AG, Bearer Shares | 2,221 | 761,780 | ||||||
Roche Holding AG Genusschein | 8,596 | 2,978,731 | ||||||
Schindler Holding AG Participation Certificate | 823 | 193,688 | ||||||
SGS S.A., Registered Shares | 119 | 290,734 | ||||||
SIG Combibloc Group AG* | 8,660 | 140,106 | ||||||
Sika AG, Registered Shares | 1,168 | 224,774 | ||||||
STMicroelectronics N.V.(a) | 6,347 | 172,655 | ||||||
Sunrise Communications Group AG*(b) | 2,171 | 192,573 | ||||||
Swatch Group AG (The), Bearer Shares(a) | 917 | 183,003 | ||||||
Swiss Life Holding AG, Registered Shares | 455 | 168,545 | ||||||
Swiss Re AG | 6,649 | 512,665 | ||||||
Swisscom AG, Registered Shares(a) | 920 | 481,482 | ||||||
Temenos AG, Registered Shares | 846 | 131,380 | ||||||
UBS Group AG, Registered Shares | 82,238 | 946,447 | ||||||
Vifor Pharma AG | 825 | 124,114 | ||||||
Zurich Insurance Group AG | 3,004 | 1,059,508 | ||||||
|
| |||||||
| Total Switzerland |
| 19,144,926 | ||||||
| United Kingdom – 11.6% |
| |||||||
Admiral Group PLC | 7,091 | 201,430 | ||||||
Ashmore Group PLC | 12,625 | 65,081 | ||||||
Ashtead Group PLC | 3,824 | 128,471 | ||||||
AstraZeneca PLC | 17,470 | 1,817,752 | ||||||
BAE Systems PLC | 63,733 | 380,670 | ||||||
Bellway PLC | 3,438 | 108,154 | ||||||
BP PLC | 504,475 | 1,914,869 | ||||||
British American Tobacco PLC | 68,466 | 2,626,302 | ||||||
Britvic PLC | 12,817 | 121,943 | ||||||
Coca-Cola European Partners PLC(a) | 5,211 | 197,237 | ||||||
Croda International PLC | 1,225 | 79,555 | ||||||
DCC PLC | 1,038 | 86,316 | ||||||
Diageo PLC | 21,884 | 725,074 | ||||||
Drax Group PLC | 16,361 | 51,995 | ||||||
easyJet PLC(a) | 12,926 | 108,605 | ||||||
Evraz PLC | 67,016 | 238,810 | ||||||
Fiat Chrysler Automobiles N.V.* | 31,960 | 321,053 | ||||||
GlaxoSmithKline PLC | 106,745 | 2,158,580 | ||||||
Halma PLC | 1,983 | 56,428 | ||||||
Hargreaves Lansdown PLC | 4,765 | 95,880 | ||||||
Hikma Pharmaceuticals PLC | 2,947 | 80,837 | ||||||
Imperial Brands PLC | 41,480 | 788,523 | ||||||
Informa PLC | 19,363 | 112,543 | ||||||
Intertek Group PLC | 2,049 | 137,727 | ||||||
J Sainsbury PLC | 56,571 | 145,880 | ||||||
Jupiter Fund Management PLC | 19,160 | 60,653 | ||||||
Legal & General Group PLC | 139,747 | 381,431 | ||||||
Liontrust Asset Management PLC | 7,862 | 126,772 | ||||||
London Stock Exchange Group PLC | 1,787 | 184,546 | ||||||
Lookers PLC | 95,565 | 24,797 | ||||||
McKay Securities PLC | 31,606 | 70,294 | ||||||
Mondi PLC | 6,110 | 114,036 | ||||||
National Grid PLC | 84,243 | 1,029,665 | ||||||
Numis Corp. PLC | 17,202 | 67,378 | ||||||
Pearson PLC | 11,014 | 78,360 | ||||||
Pennon Group PLC | 12,759 | 176,411 | ||||||
Persimmon PLC* | 17,492 | 494,076 | ||||||
Pets at Home Group PLC | 15,000 | 44,296 | ||||||
Prudential PLC | 28,743 | 432,749 | ||||||
QinetiQ Group PLC | 24,483 | 89,967 | ||||||
Reckitt Benckiser Group PLC | 7,840 | 719,946 | ||||||
RELX PLC | 15,476 | 357,584 | ||||||
Rotork PLC | 19,366 | 67,000 | ||||||
Sage Group PLC (The) | 19,000 | 157,715 | ||||||
Schroders PLC | 4,222 | 153,841 | ||||||
Segro PLC | 17,104 | 189,147 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 27 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| Investments | Shares | Value | ||||||
Severn Trent PLC | 5,329 | $ | 163,230 | |||||
Smith & Nephew PLC | 7,982 | 148,481 | ||||||
Speedy Hire PLC | 97,062 | 67,880 | ||||||
Spirax-Sarco Engineering PLC | 784 | 96,639 | ||||||
SSE PLC | 37,832 | 637,839 | ||||||
St. James’s Place PLC | 12,320 | 145,041 | ||||||
Standard Life Aberdeen PLC | 84,608 | 279,754 | ||||||
Tate & Lyle PLC | 18,658 | 153,907 | ||||||
TechnipFMC PLC | 3,652 | 25,127 | ||||||
Tesco PLC | 94,592 | 266,599 | ||||||
TP ICAP PLC | 24,329 | 105,454 | ||||||
Ultra Electronics Holdings PLC | 2,209 | 54,534 | ||||||
Unilever N.V. | 19,361 | 1,027,466 | ||||||
Unilever PLC | 13,548 | 729,023 | ||||||
United Utilities Group PLC | 15,397 | 173,161 | ||||||
Vistry Group PLC | 275 | 2,414 | ||||||
Vodafone Group PLC | 715,481 | 1,139,185 | ||||||
|
| |||||||
| Total United Kingdom |
| 22,986,113 | ||||||
| United States – 0.0% |
| |||||||
Sims Ltd. | 7,028 | 38,372 | ||||||
TOTAL COMMON STOCKS (Cost: $214,096,755) |
| 197,483,072 | ||||||
| RIGHTS – 0.0% |
| |||||||
| Spain – 0.0% |
| |||||||
ACS Actividades de Construccion y Servicios S.A., expiring 7/10/20* | 4,704 | 7,336 | ||||||
Repsol S.A., expiring 7/9/20* | 38,646 | 18,807 | ||||||
| Telefonica S.A., expiring 7/6/20*(a) | 103,632 | 20,381 | ||||||
TOTAL RIGHTS (Cost: $51,215) |
| 46,524 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.6% |
| |||||||
| United States – 2.6% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.13%(c) | ||||||||
| (Cost: $5,111,419) | 5,111,419 | 5,111,419 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 102.3% (Cost: $219,259,389) |
| 202,641,015 | ||||||
Other Assets less Liabilities – (2.3)% |
| (4,496,495 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 198,144,520 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at June 30, 2020 (See Note 2). At June 30, 2020, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $9,617,480 and the total market value of the collateral held by the Fund was $10,130,737. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,019,318. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of June 30, 2020. |
| 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. | 7/3/2020 | 3,575,496 | AUD | 2,461,872 | USD | $ | — | $ | (123 | ) | ||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 2,430,696 | CHF | 2,565,275 | USD | 37 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 3,142,523 | DKK | 473,584 | USD | — | (15 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 7,126,875 | EUR | 8,004,315 | USD | 398 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 3,981,900 | GBP | 4,920,183 | USD | — | (116 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 232,834 | ILS | 67,281 | USD | — | (5 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 556,105,866 | JPY | 5,154,770 | USD | — | (99 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 5,172,111 | NOK | 536,168 | USD | — | (29 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 156,321 | NZD | 100,636 | USD | — | (4 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 8,501,450 | SEK | 912,559 | USD | — | (49 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 557,616 | SGD | 399,721 | USD | — | (10 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 11,166,483 | USD | 16,837,431 | AUD | — | (426,183 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 11,635,497 | USD | 11,185,436 | CHF | — | (169,410 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 2,148,069 | USD | 14,433,950 | DKK | — | (27,084 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 36,305,722 | USD | 32,727,612 | EUR | — | (453,045 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 22,316,813 | USD | 18,144,045 | GBP | — | (102,110 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 305,175 | USD | 1,071,718 | ILS | — | (4,491 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 23,380,846 | USD | 2,520,623,540 | JPY | 16,618 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 2,431,935 | USD | 23,697,772 | NOK | — | (24,565 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 456,466 | USD | 738,980 | NZD | — | (19,256 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 4,139,160 | USD | 39,066,522 | SEK | — | (54,077 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 1,813,042 | USD | 2,564,930 | SGD | — | (25,556 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 2,645,753 | USD | 2,504,650 | CHF | — | (175 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 240,539 | USD | 1,595,091 | DKK | 3 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| 28 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| 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. | 8/5/2020 | 4,141,484 | USD | 3,684,899 | EUR | $ | — | $ | (267 | ) | ||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 4,893,984 | USD | 3,959,864 | GBP | 97 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 60,893 | USD | 210,575 | ILS | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 5,010,365 | USD | 540,319,264 | JPY | — | (15 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 529,921 | USD | 5,111,427 | NOK | 7 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 35,050 | USD | 54,445 | NZD | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 568,067 | USD | 5,290,364 | SEK | — | (9 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 403,196 | USD | 562,508 | SGD | — | (50 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/6/2020 | 1,511,569 | USD | 2,195,079 | AUD | — | (12 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 151,925 | USD | 217,835 | AUD | 1,944 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 158,306 | USD | 150,131 | CHF | — | (140 | ) | ||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 29,225 | USD | 191,836 | DKK | 316 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 493,955 | USD | 434,862 | EUR | 5,530 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 303,630 | USD | 238,657 | GBP | 8,743 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 4,152 | USD | 14,304 | ILS | 19 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 318,107 | USD | 34,246,763 | JPY | 666 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 33,088 | USD | 306,676 | NOK | 1,298 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 6,210 | USD | 9,516 | NZD | 84 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 56,315 | USD | 516,291 | SEK | 898 | — | |||||||||||||||||||||
Barclays Bank PLC | 7/3/2020 | 24,667 | USD | 34,259 | SGD | 110 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 3,575,522 | AUD | 2,461,872 | USD | — | (105 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 2,430,652 | CHF | 2,565,275 | USD | — | (9 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 3,142,540 | DKK | 473,584 | USD | — | (13 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 7,126,488 | EUR | 8,004,315 | USD | — | (36 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 3,982,032 | GBP | 4,920,183 | USD | 47 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 232,845 | ILS | 67,281 | USD | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 556,098,649 | JPY | 5,154,770 | USD | — | (166 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 5,172,295 | NOK | 536,168 | USD | — | (10 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 156,320 | NZD | 100,636 | USD | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 8,501,772 | SEK | 912,559 | USD | — | (14 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 557,641 | SGD | 399,721 | USD | 8 | — | |||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 2,645,753 | USD | 2,504,639 | CHF | — | (164 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 240,539 | USD | 1,595,196 | DKK | — | (13 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 4,141,484 | USD | 3,684,912 | EUR | — | (281 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 4,893,984 | USD | 3,960,140 | GBP | — | (244 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 60,893 | USD | 210,577 | ILS | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 5,010,365 | USD | 540,327,281 | JPY | — | (89 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 529,921 | USD | 5,111,511 | NOK | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 35,050 | USD | 54,444 | NZD | — | (0 | )^ | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 568,067 | USD | 5,290,213 | SEK | 8 | — | |||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 403,196 | USD | 562,473 | SGD | — | (24 | ) | ||||||||||||||||||||
Citibank N.A. | 8/6/2020 | 1,511,569 | USD | 2,195,102 | AUD | — | (28 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 3,575,610 | AUD | 2,461,872 | USD | — | (44 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 2,430,708 | CHF | 2,565,275 | USD | 51 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 3,142,582 | DKK | 473,584 | USD | — | (6 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 7,126,679 | EUR | 8,004,315 | USD | 177 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 3,981,910 | GBP | 4,920,183 | USD | — | (104 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 232,846 | ILS | 67,281 | USD | — | (2 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 556,106,381 | JPY | 5,154,770 | USD | — | (95 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 5,172,296 | NOK | 536,168 | USD | — | (10 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 156,323 | NZD | 100,636 | USD | — | (2 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 8,501,750 | SEK | 912,559 | USD | — | (17 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 557,644 | SGD | 399,721 | USD | 10 | — | |||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 2,645,753 | USD | 2,504,584 | CHF | — | (105 | ) | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 240,539 | USD | 1,595,125 | DKK | — | (2 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 29 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| 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 | 8/5/2020 | 4,141,484 | USD | 3,684,814 | EUR | $ | — | $ | (171 | ) | ||||||||||||||||||
Goldman Sachs | 8/5/2020 | 4,893,984 | USD | 3,959,842 | GBP | 124 | — | |||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 60,893 | USD | 210,574 | ILS | — | (0 | )^ | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 5,010,365 | USD | 540,319,765 | JPY | — | (20 | ) | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 529,921 | USD | 5,111,493 | NOK | — | (0 | )^ | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 35,050 | USD | 54,444 | NZD | — | (0 | )^ | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 568,067 | USD | 5,290,299 | SEK | — | (2 | ) | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 403,196 | USD | 562,477 | SGD | — | (27 | ) | ||||||||||||||||||||
Goldman Sachs | 8/6/2020 | 1,511,569 | USD | 2,195,016 | AUD | 31 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 2,724,247 | AUD | 1,875,715 | USD | — | (56 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 1,851,986 | CHF | 1,954,499 | USD | 53 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 2,394,336 | DKK | 360,827 | USD | — | (8 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 5,429,555 | EUR | 6,098,530 | USD | — | (202 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 3,033,799 | GBP | 3,748,714 | USD | — | (128 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 177,421 | ILS | 51,266 | USD | — | (1 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 423,715,476 | JPY | 3,927,448 | USD | 66 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 3,940,791 | NOK | 408,511 | USD | — | (10 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 119,108 | NZD | 76,679 | USD | — | (3 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 6,477,516 | SEK | 695,287 | USD | — | (18 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 424,876 | SGD | 304,550 | USD | 10 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 2,015,812 | USD | 1,908,329 | CHF | — | (159 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 183,270 | USD | 1,215,370 | DKK | — | (5 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 3,155,419 | USD | 2,807,462 | EUR | — | (110 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 3,728,752 | USD | 3,017,058 | GBP | 52 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 46,395 | USD | 160,440 | ILS | — | (1 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 3,817,423 | USD | 411,700,290 | JPY | — | (273 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 403,752 | USD | 3,894,487 | NOK | 1 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 26,705 | USD | 41,481 | NZD | 0 | ^ | — | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 432,813 | USD | 4,030,619 | SEK | 8 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 307,199 | USD | 428,579 | SGD | — | (37 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/6/2020 | 1,151,673 | USD | 1,672,388 | AUD | 29 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 73,241 | AUD | 50,980 | USD | — | (553 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 3,575,631 | AUD | 2,461,872 | USD | — | (30 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 50,072 | CHF | 53,122 | USD | — | (277 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 2,430,775 | CHF | 2,565,275 | USD | 121 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 64,480 | DKK | 9,807 | USD | — | (90 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 3,142,522 | DKK | 473,584 | USD | — | (15 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 146,224 | EUR | 165,753 | USD | — | (1,519 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 7,126,806 | EUR | 8,004,315 | USD | 320 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 81,349 | GBP | 101,887 | USD | — | (1,372 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 3,981,939 | GBP | 4,920,183 | USD | — | (69 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 4,771 | ILS | 1,393 | USD | — | (15 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 232,852 | ILS | 67,281 | USD | — | (0 | )^ | ||||||||||||||||||||
UBS AG | 7/3/2020 | 11,338,517 | JPY | 106,745 | USD | — | (1,646 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 556,111,020 | JPY | 5,154,770 | USD | — | (52 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 105,091 | NOK | 11,103 | USD | — | (209 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 5,172,309 | NOK | 536,168 | USD | — | (9 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 3,195 | NZD | 2,084 | USD | — | (27 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 156,325 | NZD | 100,636 | USD | — | (1 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 175,160 | SEK | 18,897 | USD | — | (96 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 8,501,823 | SEK | 912,559 | USD | — | (9 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 11,497 | SGD | 8,277 | USD | — | (35 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 557,642 | SGD | 399,721 | USD | 9 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 455,775 | USD | 671,680 | AUD | — | (6,680 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 474,918 | USD | 455,765 | CHF | — | (6,088 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| 30 | WisdomTree Trust |
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
June 30, 2020
| 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 | 7/3/2020 | 87,676 | USD | 586,599 | DKK | $ | — | $ | (723 | ) | ||||||||||||||||||
UBS AG | 7/3/2020 | 1,481,866 | USD | 1,329,731 | EUR | — | (11,652 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 910,890 | USD | 729,628 | GBP | 9,355 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 12,456 | USD | 43,522 | ILS | — | (119 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 954,320 | USD | 102,598,179 | JPY | 3,314 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 99,263 | USD | 955,501 | NOK | 216 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 18,631 | USD | 29,639 | NZD | — | (449 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 168,945 | USD | 1,583,885 | SEK | — | (1,063 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 74,002 | USD | 104,117 | SGD | — | (631 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 2,645,753 | USD | 2,504,626 | CHF | — | (150 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 240,539 | USD | 1,595,187 | DKK | — | (12 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 4,141,484 | USD | 3,684,863 | EUR | — | (226 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 4,893,984 | USD | 3,959,934 | GBP | 9 | — | |||||||||||||||||||||
UBS AG | 8/5/2020 | 60,893 | USD | 210,602 | ILS | — | (8 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 5,010,365 | USD | 540,320,266 | JPY | — | (24 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 529,921 | USD | 5,111,394 | NOK | 10 | — | |||||||||||||||||||||
UBS AG | 8/5/2020 | 35,050 | USD | 54,443 | NZD | 0 | ^ | — | ||||||||||||||||||||
UBS AG | 8/5/2020 | 568,067 | USD | 5,290,249 | SEK | 4 | — | |||||||||||||||||||||
UBS AG | 8/5/2020 | 403,196 | USD | 562,471 | SGD | — | (23 | ) | ||||||||||||||||||||
UBS AG | 8/6/2020 | 1,511,569 | USD | 2,195,057 | AUD | 3 | — | |||||||||||||||||||||
| $ | 50,804 | $ | (1,343,592 | ) | ||||||||||||||||||||||||
| ^ | Amount represents less than $1. |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks | $ | 197,483,072 | $ | — | $ | — | $ | 197,483,072 | ||||||||
Rights | 46,524 | — | — | 46,524 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 5,111,419 | — | 5,111,419 | ||||||||||||
Total Investments in Securities | $ | 197,529,596 | $ | 5,111,419 | $ | — | $ | 202,641,015 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | — | 50,804 | — | 50,804 | ||||||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | — | (1,343,592 | ) | — | (1,343,592 | ) | ||||||||||
Total - Net | $ | 197,529,596 | $ | 3,818,631 | $ | — | $ | 201,348,227 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 31 |
Schedule of Investments
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 100.4% |
| |||||||
| Australia – 11.4% |
| |||||||
Accent Group Ltd. | 44,233 | $ | 42,636 | |||||
ALS Ltd. | 17,972 | 81,172 | ||||||
Altium Ltd. | 1,573 | 35,176 | ||||||
Ansell Ltd. | 3,802 | 96,069 | ||||||
AP Eagers Ltd.(a) | 7,882 | 36,631 | ||||||
ARB Corp., Ltd. | 2,195 | 27,127 | ||||||
AUB Group Ltd. | 3,606 | 36,496 | ||||||
Austal Ltd. | 8,688 | 19,321 | ||||||
Australian Finance Group Ltd.(a) | 23,346 | 27,486 | ||||||
Bank of Queensland Ltd.(a) | 32,345 | 137,403 | ||||||
Bapcor Ltd.(a) | 9,517 | 38,659 | ||||||
Bega Cheese Ltd. | 6,404 | 19,621 | ||||||
Bell Financial Group Ltd. | 40,901 | 32,948 | ||||||
Blackmores Ltd. | 686 | 36,817 | ||||||
Bravura Solutions Ltd. | 6,099 | 18,896 | ||||||
Breville Group Ltd. | 3,018 | 47,293 | ||||||
Brickworks Ltd. | 5,471 | 59,628 | ||||||
carsales.com Ltd. | 9,045 | 110,475 | ||||||
Cedar Woods Properties Ltd. | 6,871 | 24,789 | ||||||
Centuria Capital Group | 19,687 | 24,195 | ||||||
Codan Ltd.(a) | 7,888 | 38,505 | ||||||
Collins Foods Ltd.(a) | 4,615 | 29,931 | ||||||
Corporate Travel Management Ltd. | 2,600 | 17,346 | ||||||
Costa Group Holdings Ltd.(a) | 13,705 | 27,364 | ||||||
Credit Corp Group Ltd.(a) | 1,691 | 18,139 | ||||||
CSR Ltd. | 38,432 | 97,374 | ||||||
Data#3 Ltd.(a) | 10,741 | 33,574 | ||||||
Dicker Data Ltd. | 8,046 | 38,390 | ||||||
Domain Holdings Australia Ltd.(a) | 9,608 | 22,161 | ||||||
Domino’s Pizza Enterprises Ltd.(a) | 2,902 | 137,244 | ||||||
Elders Ltd. | 4,494 | 29,147 | ||||||
Estia Health Ltd. | 27,452 | 29,013 | ||||||
Event Hospitality and Entertainment Ltd. | 7,379 | 42,726 | ||||||
FlexiGroup Ltd.(a) | 20,673 | 16,013 | ||||||
G8 Education Ltd.(a) | 29,363 | 17,892 | ||||||
Genworth Mortgage Insurance Australia Ltd. | 31,538 | 44,948 | ||||||
GUD Holdings Ltd.(a) | 5,207 | 41,264 | ||||||
GWA Group Ltd.(a) | 16,609 | 31,676 | ||||||
Hansen Technologies Ltd. | 7,477 | 14,980 | ||||||
Healius Ltd. | 20,010 | 42,019 | ||||||
Helloworld Travel Ltd.(a) | 8,094 | 12,761 | ||||||
HT&E Ltd.(a) | 24,863 | 20,371 | ||||||
IGO Ltd. | 4,990 | 16,731 | ||||||
Ingenia Communities Group | 12,057 | 37,273 | ||||||
Inghams Group Ltd.(a) | 21,668 | 47,739 | ||||||
Integrated Research Ltd.(a) | 7,466 | 19,790 | ||||||
Invocare Ltd.(a) | 3,601 | 25,983 | ||||||
IOOF Holdings Ltd. | 40,411 | 136,889 | ||||||
IPH Ltd. | 7,969 | 40,930 | ||||||
IRESS Ltd. | 7,114 | 53,633 | ||||||
JB Hi-Fi Ltd.(a) | 6,703 | 198,584 | ||||||
Jupiter Mines Ltd.(a) | 308,323 | 59,438 | ||||||
Kogan.com Ltd. | 2,841 | 28,793 | ||||||
Link Administration Holdings Ltd. | 25,125 | 70,924 | ||||||
Lovisa Holdings Ltd.(a) | 4,666 | 19,115 | ||||||
McMillan Shakespeare Ltd. | 5,198 | 32,496 | ||||||
Metcash Ltd.(a) | 47,821 | 89,555 | ||||||
Mineral Resources Ltd. | 7,245 | 105,600 | ||||||
Monadelphous Group Ltd. | 3,719 | 27,705 | ||||||
Money3 Corp. Ltd. | 11,809 | 12,602 | ||||||
MyState Ltd. | 11,482 | 31,068 | ||||||
Navigator Global Investments Ltd. | 13,280 | 10,835 | ||||||
Netwealth Group Ltd.(a) | 3,301 | 20,386 | ||||||
New Hope Corp., Ltd.(a) | 60,731 | 57,075 | ||||||
NIB Holdings Ltd. | 15,694 | 49,812 | ||||||
Nick Scali Ltd.(a) | 8,175 | 36,473 | ||||||
Nine Entertainment Co. Holdings Ltd. | 74,891 | 71,156 | ||||||
oOh!media Ltd. | 15,492 | 9,706 | ||||||
Orora Ltd.(a) | 43,776 | 76,555 | ||||||
OZ Minerals Ltd. | 8,250 | 62,254 | ||||||
Pacific Current Group Ltd. | 6,572 | 24,796 | ||||||
Peet Ltd. | 38,174 | 25,494 | ||||||
Pendal Group Ltd.(a) | 25,817 | 106,117 | ||||||
Perenti Global Ltd. | 29,129 | 23,164 | ||||||
Perpetual Ltd.(a) | 3,482 | 71,130 | ||||||
Pinnacle Investment Management Group Ltd.(a) | 5,660 | 15,276 | ||||||
Platinum Asset Management Ltd.(a) | 41,193 | 105,788 | ||||||
Premier Investments Ltd.(a) | 7,263 | 86,260 | ||||||
Regis Healthcare Ltd. | 24,104 | 23,400 | ||||||
Regis Resources Ltd. | 18,504 | 66,503 | ||||||
Reliance Worldwide Corp., Ltd.(a) | 18,121 | 36,680 | ||||||
Sandfire Resources Ltd. | 8,959 | 31,273 | ||||||
SeaLink Travel Group Ltd. | 7,595 | 23,113 | ||||||
Service Stream Ltd. | 19,481 | 25,551 | ||||||
SG Fleet Group Ltd. | 20,867 | 22,987 | ||||||
Sigma Healthcare Ltd.(a) | 92,976 | 40,009 | ||||||
SmartGroup Corp., Ltd. | 7,555 | 31,574 | ||||||
Southern Cross Media Group Ltd.(a) | 83,226 | 10,028 | ||||||
Spark Infrastructure Group | 125,708 | 186,948 | ||||||
St Barbara Ltd. | 27,606 | 59,871 | ||||||
Steadfast Group Ltd. | 20,070 | 46,429 | ||||||
Tassal Group Ltd. | 8,845 | 21,010 | ||||||
Technology One Ltd. | 5,671 | 34,320 | ||||||
|
| |||||||
| Total Australia |
| 4,322,497 | ||||||
| Austria – 1.6% |
| |||||||
AT&S Austria Technologie & Systemtechnik AG | 1,193 | 21,439 | ||||||
EVN AG | 5,050 | 85,192 | ||||||
Oesterreichische Post AG(a) | 5,348 | 176,895 | ||||||
Palfinger AG* | 1,031 | 22,696 | ||||||
Porr AG*(a) | 2,078 | 34,355 | ||||||
S IMMO AG | 1,982 | 35,528 | ||||||
UNIQA Insurance Group AG | 22,510 | 151,440 | ||||||
Wienerberger AG | 3,394 | 73,914 | ||||||
|
| |||||||
| Total Austria |
| 601,459 | ||||||
See Notes to Financial Statements.
| 32 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| Investments | Shares | Value | ||||||
| Belgium – 1.4% |
| |||||||
Bekaert S.A. | 2,097 | $ | 41,099 | |||||
bpost S.A.* | 29,191 | 196,715 | ||||||
D’ieteren S.A./N.V. | 1,566 | 86,712 | ||||||
Econocom Group S.A./N.V. | 12,590 | 25,396 | ||||||
Euronav N.V. | 3,559 | 28,641 | ||||||
Fagron | 776 | 16,298 | ||||||
Greenyard N.V.*(a) | 3,447 | 21,603 | ||||||
Ontex Group N.V.* | 2,793 | 40,875 | ||||||
Orange Belgium S.A. | 2,233 | 36,366 | ||||||
Recticel S.A. | 2,569 | 22,794 | ||||||
|
| |||||||
| Total Belgium |
| 516,499 | ||||||
| China – 2.0% |
| |||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd.(a) | 19,300 | 25,997 | ||||||
China Overseas Grand Oceans Group Ltd. | 169,400 | 95,514 | ||||||
China Power International Development Ltd. | 738,000 | 135,213 | ||||||
China South City Holdings Ltd. | 454,000 | 46,276 | ||||||
China Traditional Chinese Medicine Holdings Co., Ltd. | 190,000 | 91,685 | ||||||
CITIC Telecom International Holdings Ltd. | 277,678 | 88,135 | ||||||
CPMC Holdings Ltd.(a) | 90,900 | 34,364 | ||||||
Fountain SET Holdings Ltd. | 121,513 | 15,365 | ||||||
Genertec Universal Medical Group Co., Ltd.(a)(b) | 93,800 | 56,640 | ||||||
Poly Property Group Co., Ltd. | 199,000 | 59,825 | ||||||
Shougang Fushan Resources Group Ltd. | 485,903 | 101,564 | ||||||
|
| |||||||
| Total China |
| 750,578 | ||||||
| Denmark – 1.3% |
| |||||||
Alm Brand A/S* | 9,818 | 91,582 | ||||||
D/S Norden A/S | 1,540 | 20,677 | ||||||
Matas A/S | 5,157 | 45,540 | ||||||
NNIT A/S(b) | 1,378 | 24,379 | ||||||
Per Aarsleff Holding A/S | 659 | 23,735 | ||||||
Ringkjoebing Landbobank A/S | 770 | 54,362 | ||||||
Scandinavian Tobacco Group A/S Class A(b) | 8,926 | 131,551 | ||||||
Schouw & Co. A/S | 659 | 52,434 | ||||||
Spar Nord Bank A/S* | 8,501 | 67,511 | ||||||
|
| |||||||
| Total Denmark |
| 511,771 | ||||||
| Finland – 3.6% |
| |||||||
Ahlstrom-Munksjo Oyj | 4,237 | 63,292 | ||||||
Aktia Bank Oyj* | 5,333 | 52,830 | ||||||
Altia Oyj | 3,719 | 33,332 | ||||||
Cargotec Oyj Class B | 2,363 | 54,832 | ||||||
Citycon Oyj(a) | 13,407 | 93,209 | ||||||
Fiskars Oyj Abp | 3,183 | 36,608 | ||||||
Kemira Oyj | 7,175 | 92,351 | ||||||
Konecranes Oyj | 3,551 | 80,245 | ||||||
Lassila & Tikanoja Oyj | 2,979 | 43,764 | ||||||
Metsa Board Oyj | 24,691 | 166,945 | ||||||
Oriola Oyj Class B | 10,470 | 23,519 | ||||||
Outokumpu Oyj* | 26,747 | 76,304 | ||||||
Raisio Oyj Class V | 8,052 | 27,492 | ||||||
Sanoma Oyj | 9,324 | 94,355 | ||||||
Terveystalo Oyj*(b) | 3,774 | 37,132 | ||||||
TietoEVRY Oyj* | 7,516 | 204,962 | ||||||
Tokmanni Group Corp. | 4,447 | 65,630 | ||||||
Uponor Oyj | 4,633 | 62,338 | ||||||
YIT Oyj | 13,515 | 73,468 | ||||||
|
| |||||||
| Total Finland |
| 1,382,608 | ||||||
| France – 2.0% |
| |||||||
Albioma S.A. | 1,160 | 47,684 | ||||||
Beneteau S.A. | 3,125 | 22,217 | ||||||
Chargeurs S.A. | 1,424 | 21,336 | ||||||
Derichebourg S.A. | 10,393 | 29,742 | ||||||
Elior Group S.A.(b) | 6,473 | 36,860 | ||||||
IPSOS | 1,931 | 48,364 | ||||||
Jacquet Metal Service S.A. | 1,996 | 26,274 | ||||||
Kaufman & Broad S.A. | 2,062 | 71,099 | ||||||
Maisons du Monde S.A.(b) | 1,697 | 22,205 | ||||||
Manitou BF S.A.* | 1,145 | 22,351 | ||||||
Nexans S.A.* | 606 | 28,137 | ||||||
Nexity S.A. | 4,315 | 139,576 | ||||||
Quadient | 1,935 | 28,209 | ||||||
Rallye S.A. | 4,684 | 36,984 | ||||||
Rothschild & Co.* | 2,416 | 58,341 | ||||||
Trigano S.A. | 658 | 68,915 | ||||||
Vicat S.A. | 1,679 | 51,576 | ||||||
|
| |||||||
| Total France |
| 759,870 | ||||||
| Germany – 5.3% |
| |||||||
Aareal Bank AG* | 6,002 | 117,026 | ||||||
alstria office REIT-AG | 7,366 | 109,702 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA | 1,574 | 26,005 | ||||||
Aurubis AG | 2,044 | 125,989 | ||||||
BayWa AG | 1,310 | 42,374 | ||||||
Bilfinger SE | 2,081 | 39,734 | ||||||
CANCOM SE | 608 | 32,232 | ||||||
CropEnergies AG | 4,770 | 47,949 | ||||||
Dermapharm Holding SE | 1,578 | 78,488 | ||||||
Deutz AG* | 3,778 | 17,754 | ||||||
DIC Asset AG* | 3,917 | 52,529 | ||||||
Duerr AG | 2,580 | 67,227 | ||||||
Encavis AG | 6,242 | 90,999 | ||||||
Freenet AG | 14,197 | 228,337 | ||||||
Gerresheimer AG | 640 | 59,015 | ||||||
Hamburger Hafen und Logistik AG | 2,600 | 44,036 | ||||||
Indus Holding AG | 1,162 | 39,283 | ||||||
Jenoptik AG | 961 | 22,494 | ||||||
JOST Werke AG*(b) | 831 | 28,047 | ||||||
Krones AG | 877 | 56,244 | ||||||
MLP SE | 6,965 | 42,712 | ||||||
PATRIZIA AG | 1,687 | 40,832 | ||||||
Pfeiffer Vacuum Technology AG | 251 | 46,346 | ||||||
RHOEN-KLINIKUM AG | 908 | 18,520 | ||||||
RIB Software SE | 406 | 13,224 | ||||||
Salzgitter AG* | 1,675 | 23,563 | ||||||
Siltronic AG | 3,038 | 309,753 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 33 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| Investments | Shares | Value | ||||||
Software AG | 2,338 | $ | 94,271 | |||||
Takkt AG | 3,401 | 34,608 | ||||||
VERBIO Vereinigte BioEnergie AG | 2,276 | 23,773 | ||||||
Wuestenrot & Wuerttembergische AG | 3,204 | 54,554 | ||||||
|
| |||||||
| Total Germany |
| 2,027,620 | ||||||
| Hong Kong – 1.0% |
| |||||||
BOCOM International Holdings Co., Ltd. | 146,000 | 18,272 | ||||||
Dah Sing Banking Group Ltd. | 50,000 | 45,675 | ||||||
Dah Sing Financial Holdings Ltd. | 17,200 | 48,157 | ||||||
Guotai Junan International Holdings Ltd.(a) | 364,052 | 47,441 | ||||||
Hongkong & Shanghai Hotels Ltd. (The) | 33,500 | 30,300 | ||||||
Hutchison Port Holdings Trust | 733,600 | 70,426 | ||||||
Kowloon Development Co., Ltd. | 40,000 | 43,404 | ||||||
Lai Sun Development Co., Ltd. | 13,200 | 13,744 | ||||||
Nissin Foods Co., Ltd. | 30,000 | 24,115 | ||||||
Television Broadcasts Ltd. | 45,800 | 53,184 | ||||||
|
| |||||||
| Total Hong Kong |
| 394,718 | ||||||
| Indonesia – 0.1% |
| |||||||
First Resources Ltd. | 36,227 | 36,096 | ||||||
| Ireland – 0.4% |
| |||||||
C&C Group PLC | 15,163 | 43,091 | ||||||
Hibernia REIT PLC | 21,160 | 26,618 | ||||||
Irish Continental Group PLC | 6,660 | 26,442 | ||||||
Origin Enterprises PLC | 6,489 | 19,678 | ||||||
Total Produce PLC | 14,037 | 17,973 | ||||||
|
| |||||||
| Total Ireland |
| 133,802 | ||||||
| Israel – 2.5% |
| |||||||
Ashtrom Group Ltd. | 4,625 | 48,883 | ||||||
Ashtrom Properties Ltd. | 6,962 | 23,636 | ||||||
AudioCodes Ltd. | 717 | 22,996 | ||||||
Delek Automotive Systems Ltd. | 7,076 | 32,079 | ||||||
Delek Group Ltd. | 1,020 | 23,880 | ||||||
First International Bank of Israel Ltd. | 4,324 | 91,329 | ||||||
Fox Wizel Ltd. | 1,092 | 40,040 | ||||||
Gazit-Globe Ltd. | 11,314 | 53,318 | ||||||
Gilat Satellite Networks Ltd.* | 4,101 | 26,661 | ||||||
Harel Insurance Investments & Financial Services Ltd. | 9,915 | 53,572 | ||||||
Hilan Ltd.* | 686 | 27,611 | ||||||
Inrom Construction Industries Ltd. | 9,748 | 31,968 | ||||||
Magic Software Enterprises Ltd. | 2,943 | 33,376 | ||||||
Matrix IT Ltd. | 2,712 | 57,587 | ||||||
Maytronics Ltd. | 3,780 | 42,810 | ||||||
Mediterranean Towers Ltd.* | 10,117 | 21,281 | ||||||
Mehadrin Ltd.* | 0 | ‡ | 13 | |||||
Menora Mivtachim Holdings Ltd. | 1,244 | 12,501 | ||||||
Naphtha Israel Petroleum Corp., Ltd.* | 7,856 | 25,604 | ||||||
OPC Energy Ltd. | 2,188 | 17,815 | ||||||
Paz Oil Co., Ltd. | 690 | 54,826 | ||||||
Phoenix Holdings Ltd. (The)* | 19,685 | 72,803 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 673 | 37,296 | ||||||
Shapir Engineering and Industry Ltd.* | 5,680 | 34,481 | ||||||
Shufersal Ltd. | 7,811 | 50,983 | ||||||
|
| |||||||
| Total Israel |
| 937,349 | ||||||
| Italy – 3.7% |
| |||||||
Anima Holding SpA(b) | 26,020 | 111,871 | ||||||
Aquafil SpA(a) | 3,480 | 15,224 | ||||||
Ascopiave SpA | 10,005 | 42,139 | ||||||
ASTM SpA | 2,174 | 49,665 | ||||||
Avio SpA* | 1,547 | 26,514 | ||||||
Azimut Holding SpA | 12,437 | 212,463 | ||||||
Banca Farmafactoring SpA*(b) | 21,358 | 121,380 | ||||||
Banca IFIS SpA* | 5,929 | 56,936 | ||||||
Banca Popolare di Sondrio SCPA* | 14,183 | 26,778 | ||||||
Banca Sistema SpA(a)(b) | 16,325 | 26,733 | ||||||
Brunello Cucinelli SpA* | 759 | 22,539 | ||||||
Cairo Communication SpA* | 14,033 | 23,106 | ||||||
Cementir Holding N.V. | 4,122 | 29,305 | ||||||
Credito Emiliano SpA | 16,927 | 83,651 | ||||||
Datalogic SpA(a) | 2,114 | 26,189 | ||||||
doValue SpA*(a)(b) | 3,804 | 34,308 | ||||||
Falck Renewables SpA | 5,963 | 36,434 | ||||||
Fiera Milano SpA(a) | 3,487 | 11,867 | ||||||
Gruppo MutuiOnline SpA | 1,128 | 24,097 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA | 11,172 | 43,980 | ||||||
MARR SpA* | 3,057 | 45,802 | ||||||
Piaggio & C. SpA | 16,322 | 39,414 | ||||||
RAI Way SpA(b) | 8,526 | 56,019 | ||||||
Reply SpA | 398 | 32,118 | ||||||
Saras SpA* | 70,106 | 55,118 | ||||||
Societa Cattolica di Assicurazioni SC(a) | 9,979 | 57,272 | ||||||
Unieuro SpA*(a)(b) | 3,045 | 25,547 | ||||||
Zignago Vetro SpA | 3,486 | 52,152 | ||||||
|
| |||||||
| Total Italy |
| 1,388,621 | ||||||
| Japan – 33.7% |
| |||||||
77 Bank Ltd. (The) | 2,135 | 31,723 | ||||||
ADEKA Corp. | 2,500 | 33,068 | ||||||
Aeon Delight Co., Ltd. | 1,100 | 30,507 | ||||||
Ai Holdings Corp.(a) | 1,900 | 27,368 | ||||||
Aica Kogyo Co., Ltd. | 1,400 | 45,873 | ||||||
Aichi Corp. | 3,400 | 23,416 | ||||||
Alpen Co., Ltd.(a) | 2,200 | 34,075 | ||||||
Amano Corp. | 1,900 | 39,397 | ||||||
Anest Iwata Corp. | 2,900 | 22,580 | ||||||
Anritsu Corp. | 1,700 | 40,276 | ||||||
AOKI Holdings, Inc. | 4,900 | 28,341 | ||||||
Aomori Bank Ltd. (The) | 1,048 | 21,740 | ||||||
Aoyama Trading Co., Ltd. | 3,000 | 20,355 | ||||||
Arcs Co., Ltd. | 1,700 | 34,147 | ||||||
Ariake Japan Co., Ltd. | 400 | 25,360 | ||||||
As One Corp. | 335 | 36,579 | ||||||
Asahi Holdings, Inc. | 1,700 | 44,972 | ||||||
Asia Pile Holdings Corp.(a) | 5,500 | 24,114 | ||||||
Asics Corp.(a) | 2,900 | 32,955 | ||||||
See Notes to Financial Statements.
| 34 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| Investments | Shares | Value | ||||||
Autobacs Seven Co., Ltd. | 2,200 | $ | 27,692 | |||||
Awa Bank Ltd. (The) | 970 | 21,749 | ||||||
Axial Retailing, Inc. | 800 | 31,923 | ||||||
Bank of Nagoya Ltd. (The) | 1,249 | 26,789 | ||||||
Bank of Okinawa Ltd. (The) | 842 | 24,194 | ||||||
Bell System24 Holdings, Inc.(a) | 2,001 | 25,837 | ||||||
Benesse Holdings, Inc. | 1,900 | 50,897 | ||||||
Bic Camera, Inc. | 3,400 | 35,990 | ||||||
C.I. Takiron Corp. | 4,900 | 31,839 | ||||||
Canon Electronics, Inc. | 1,600 | 23,862 | ||||||
Central Glass Co., Ltd. | 1,600 | 27,155 | ||||||
Chugoku Bank Ltd. (The) | 3,500 | 32,377 | ||||||
Citizen Watch Co., Ltd. | 10,800 | 35,037 | ||||||
CKD Corp. | 1,600 | 28,267 | ||||||
CONEXIO Corp. | 2,200 | 28,977 | ||||||
Cosel Co., Ltd. | 2,900 | 25,187 | ||||||
Cosmo Energy Holdings Co., Ltd. | 2,719 | 39,568 | ||||||
Credit Saison Co., Ltd.(a) | 4,800 | 54,814 | ||||||
Dai Nippon Toryo Co., Ltd. | 3,500 | 30,431 | ||||||
Daibiru Corp. | 3,900 | 35,607 | ||||||
Daido Steel Co., Ltd. | 1,300 | 39,825 | ||||||
Daihen Corp. | 837 | 29,830 | ||||||
Daiichikosho Co., Ltd. | 1,400 | 41,850 | ||||||
Daikyonishikawa Corp.(a) | 4,300 | 19,171 | ||||||
Daishi Hokuetsu Financial Group, Inc. | 1,500 | 30,310 | ||||||
Daiwabo Holdings Co., Ltd. | 700 | 45,678 | ||||||
DCM Holdings Co., Ltd.(a) | 2,500 | 28,642 | ||||||
Denka Co., Ltd. | 2,800 | 68,440 | ||||||
Denyo Co., Ltd. | 1,895 | 33,514 | ||||||
DIC Corp.(a) | 3,200 | 80,115 | ||||||
Dip Corp. | 1,741 | 35,196 | ||||||
DMG Mori Co., Ltd.(a) | 4,000 | 48,459 | ||||||
Doshisha Co., Ltd. | 1,700 | 25,701 | ||||||
Doutor Nichires Holdings Co., Ltd. | 1,500 | 24,220 | ||||||
Dowa Holdings Co., Ltd. | 1,300 | 39,403 | ||||||
Eagle Industry Co., Ltd. | 3,900 | 26,028 | ||||||
Ebara Corp. | 1,800 | 42,128 | ||||||
EDION Corp. | 3,100 | 31,407 | ||||||
Eidai Co., Ltd. | 8,000 | 23,284 | ||||||
Elematec Corp. | 2,500 | 20,299 | ||||||
en-japan, Inc. | 1,000 | 24,619 | ||||||
EPS Holdings, Inc. | 2,100 | 20,069 | ||||||
ES-Con Japan Ltd. | 3,900 | 29,498 | ||||||
Exedy Corp. | 1,830 | 27,157 | ||||||
Financial Products Group Co., Ltd.(a) | 5,200 | 28,534 | ||||||
FP Corp. | 559 | 44,612 | ||||||
Fuji Corp., Ltd.(a) | 5,800 | 28,870 | ||||||
Fuji Oil Holdings, Inc. | 1,500 | 38,541 | ||||||
Fujikura Ltd. | 9,900 | 28,447 | ||||||
Fujimi, Inc. | 1,500 | 46,091 | ||||||
Fujitec Co., Ltd. | 2,500 | 45,859 | ||||||
Fujitsu General Ltd. | 1,649 | 33,734 | ||||||
Furukawa Co., Ltd. | 2,600 | 26,389 | ||||||
Furukawa Electric Co., Ltd. | 1,500 | 36,275 | ||||||
Fuso Chemical Co., Ltd. | 1,000 | 36,428 | ||||||
Fuyo General Lease Co., Ltd. | 900 | 49,970 | ||||||
Glory Ltd. | 1,400 | 31,793 | ||||||
GMO Financial Holdings, Inc. | 6,800 | 40,024 | ||||||
GMO Internet, Inc.(a) | 1,800 | 49,670 | ||||||
Goldcrest Co., Ltd.(a) | 1,500 | 20,508 | ||||||
GS Yuasa Corp. | 2,051 | 36,235 | ||||||
Gunma Bank Ltd. (The) | 11,187 | 35,463 | ||||||
H2O Retailing Corp. | 3,500 | 23,358 | ||||||
Hachijuni Bank Ltd. (The) | 11,000 | 41,702 | ||||||
Hakudo Co., Ltd.(a) | 2,400 | 30,855 | ||||||
Hakuto Co., Ltd.(a) | 4,000 | 36,446 | ||||||
Hanwa Co., Ltd. | 2,039 | 37,251 | ||||||
Hazama Ando Corp. | 6,500 | 37,535 | ||||||
Heiwa Corp. | 2,649 | 44,246 | ||||||
Heiwa Real Estate Co., Ltd. | 1,400 | 39,968 | ||||||
Hiroshima Bank Ltd. (The) | 7,700 | 36,257 | ||||||
Hokkoku Bank Ltd. (The) | 900 | 23,834 | ||||||
Hokuetsu Corp. | 6,400 | 22,661 | ||||||
Hokuhoku Financial Group, Inc. | 3,406 | 28,129 | ||||||
Horiba Ltd.(a) | 1,200 | 63,178 | ||||||
Hyakugo Bank Ltd. (The) | 9,500 | 28,971 | ||||||
Hyakujushi Bank Ltd. (The) | 1,867 | 33,607 | ||||||
Ibiden Co., Ltd. | 2,210 | 64,425 | ||||||
Ichibanya Co., Ltd. | 800 | 35,186 | ||||||
Ichigo, Inc. | 10,100 | 25,277 | ||||||
Ichiyoshi Securities Co., Ltd. | 6,500 | 27,353 | ||||||
IDOM, Inc. | 4,400 | 20,270 | ||||||
Iino Kaiun Kaisha Ltd.(a) | 7,900 | 24,897 | ||||||
Imasen Electric Industrial(a) | 4,700 | 32,151 | ||||||
Inaba Denki Sangyo Co., Ltd. | 1,600 | 35,623 | ||||||
Inabata & Co., Ltd. | 2,800 | 33,766 | ||||||
Inageya Co., Ltd. | 1,700 | 26,599 | ||||||
Information Services International-Dentsu Ltd. | 800 | 37,151 | ||||||
IR Japan Holdings Ltd. | 300 | 31,339 | ||||||
Itochu Enex Co., Ltd. | 5,400 | 43,646 | ||||||
Itoham Yonekyu Holdings, Inc.(a) | 6,700 | 40,305 | ||||||
Iyo Bank Ltd. (The) | 6,100 | 37,204 | ||||||
JAC Recruitment Co., Ltd. | 1,700 | 17,995 | ||||||
Japan Aviation Electronics Industry Ltd. | 2,100 | 28,166 | ||||||
Japan Lifeline Co., Ltd. | 1,800 | 23,742 | ||||||
Japan Steel Works Ltd. (The)(a) | 2,200 | 31,220 | ||||||
Japan Wool Textile Co., Ltd. (The)(a) | 3,584 | 35,480 | ||||||
Joshin Denki Co., Ltd. | 1,246 | 24,970 | ||||||
Juroku Bank Ltd. (The) | 1,100 | 19,984 | ||||||
K’s Holdings Corp.(a) | 4,990 | 67,899 | ||||||
Kagome Co., Ltd. | 1,400 | 41,850 | ||||||
Kaken Pharmaceutical Co., Ltd.(a) | 1,300 | 66,395 | ||||||
Kameda Seika Co., Ltd. | 500 | 24,007 | ||||||
Kandenko Co., Ltd. | 5,878 | 49,962 | ||||||
Kaneka Corp. | 1,500 | 38,930 | ||||||
Kanematsu Corp. | 3,500 | 41,785 | ||||||
Kanematsu Electronics Ltd. | 1,400 | 49,701 | ||||||
Kansai Mirai Financial Group, Inc. | 9,500 | 35,575 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 35 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| Investments | Shares | Value | ||||||
Kasai Kogyo Co., Ltd.(a) | 4,805 | $ | 20,220 | |||||
Kato Sangyo Co., Ltd. | 948 | 31,019 | ||||||
Keiyo Bank Ltd. (The) | 5,201 | 24,972 | ||||||
Keiyo Co., Ltd. | 5,800 | 39,729 | ||||||
King Jim Co., Ltd. | 3,700 | 29,906 | ||||||
Kintetsu World Express, Inc. | 2,100 | 36,264 | ||||||
Kitz Corp. | 3,300 | 21,014 | ||||||
Kiyo Bank Ltd. (The) | 2,000 | 30,347 | ||||||
Koei Tecmo Holdings Co., Ltd.(a) | 3,460 | 112,089 | ||||||
Kohnan Shoji Co., Ltd. | 1,400 | 43,991 | ||||||
Kokuyo Co., Ltd. | 2,400 | 28,964 | ||||||
KOMEDA Holdings Co., Ltd. | 2,400 | 40,688 | ||||||
Kondotec, Inc. | 3,400 | 36,400 | ||||||
Konishi Co., Ltd. | 2,000 | 27,937 | ||||||
Kumagai Gumi Co., Ltd. | 1,600 | 38,263 | ||||||
Kurabo Industries Ltd. | 1,563 | 32,757 | ||||||
Kureha Corp. | 500 | 21,829 | ||||||
KYORIN Holdings, Inc. | 2,673 | 54,681 | ||||||
Kyowa Exeo Corp. | 2,400 | 57,283 | ||||||
Kyudenko Corp. | 1,800 | 53,056 | ||||||
Kyushu Financial Group, Inc. | 9,400 | 39,644 | ||||||
Lasertec Corp. | 800 | 75,339 | ||||||
Life Corp. | 966 | 30,891 | ||||||
Lintec Corp. | 2,200 | 52,163 | ||||||
LIXIL VIVA Corp. | 1,600 | 38,485 | ||||||
Mabuchi Motor Co., Ltd. | 1,900 | 60,407 | ||||||
Macnica Fuji Electronics Holdings, Inc. | 2,500 | 35,987 | ||||||
Maeda Corp. | 4,100 | 31,201 | ||||||
Maeda Road Construction Co., Ltd. | 2,242 | 42,228 | ||||||
Makino Milling Machine Co., Ltd. | 1,000 | 30,588 | ||||||
Mandom Corp. | 1,342 | 24,692 | ||||||
Marusan Securities Co., Ltd.(a) | 8,700 | 33,063 | ||||||
Maruwa Unyu Kikan Co., Ltd. | 500 | 14,020 | ||||||
Matsui Securities Co., Ltd.(a) | 15,600 | 120,017 | ||||||
Maxell Holdings Ltd. | 2,000 | 18,612 | ||||||
Megmilk Snow Brand Co., Ltd. | 1,500 | 34,898 | ||||||
Meitec Corp. | 1,300 | 62,539 | ||||||
Miraca Holdings, Inc. | 2,100 | 49,461 | ||||||
Mirait Holdings Corp. | 2,400 | 35,771 | ||||||
Mitsubishi Logistics Corp. | 1,500 | 38,638 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 1,300 | 33,089 | ||||||
Mitsuboshi Belting Ltd. | 1,800 | 28,197 | ||||||
Mitsui Mining & Smelting Co., Ltd.(a) | 1,300 | 26,365 | ||||||
Mitsui OSK Lines Ltd. | 1,900 | 33,602 | ||||||
Mitsui Sugar Co., Ltd. | 1,700 | 31,231 | ||||||
Mixi, Inc. | 3,500 | 61,737 | ||||||
Mochida Pharmaceutical Co., Ltd. | 800 | 29,735 | ||||||
Modec, Inc. | 1,300 | 18,388 | ||||||
Morinaga & Co., Ltd. | 800 | 31,033 | ||||||
Morinaga Milk Industry Co., Ltd. | 1,000 | 44,399 | ||||||
Morita Holdings Corp. | 1,600 | 27,911 | ||||||
Morito Co., Ltd. | 5,300 | 32,571 | ||||||
Morningstar Japan K.K. | 10,097 | 37,155 | ||||||
MOS Food Services, Inc.(a) | 1,100 | 30,323 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 2,200 | 19,576 | ||||||
Musashino Bank Ltd. (The) | 1,800 | 25,694 | ||||||
Nagaileben Co., Ltd. | 1,300 | 31,763 | ||||||
Nagase & Co., Ltd. | 2,700 | 33,611 | ||||||
Nakanishi, Inc. | 1,717 | 22,377 | ||||||
NEC Capital Solutions Ltd. | 1,800 | 33,035 | ||||||
NEC Networks & System Integration Corp. | 3,900 | 79,240 | ||||||
NET One Systems Co., Ltd. | 900 | 29,990 | ||||||
NHK Spring Co., Ltd. | 5,500 | 35,584 | ||||||
Nichias Corp. | 2,274 | 47,278 | ||||||
Nichiden Corp. | 1,500 | 32,827 | ||||||
NichiiGakkan Co., Ltd. | 1,900 | 29,252 | ||||||
Nifco, Inc. | 1,800 | 38,357 | ||||||
Nihon Kohden Corp. | 1,100 | 36,961 | ||||||
Nihon Parkerizing Co., Ltd. | 2,540 | 25,451 | ||||||
Nikkon Holdings Co., Ltd. | 1,500 | 29,810 | ||||||
Nippo Corp. | 1,700 | 42,892 | ||||||
Nippon Coke & Engineering Co., Ltd.(a) | 50,900 | 31,610 | ||||||
Nippon Electric Glass Co., Ltd.(a) | 2,900 | 45,294 | ||||||
Nippon Flour Mills Co., Ltd. | 1,781 | 26,710 | ||||||
Nippon Gas Co., Ltd. | 900 | 38,666 | ||||||
Nippon Kayaku Co., Ltd. | 3,800 | 39,626 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 18,800 | 32,761 | ||||||
Nippon Paper Industries Co., Ltd. | 1,900 | 26,558 | ||||||
Nippon Parking Development Co., Ltd. | 17,591 | 22,664 | ||||||
Nippon Shokubai Co., Ltd. | 900 | 47,050 | ||||||
Nippon Signal Co., Ltd. | 2,800 | 29,405 | ||||||
Nippon Steel Trading Corp. | 1,600 | 50,350 | ||||||
Nipro Corp.(a) | 3,700 | 40,812 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 5,300 | 35,715 | ||||||
Nishi-Nippon Railroad Co., Ltd.(a) | 1,200 | 32,568 | ||||||
Nishimatsu Construction Co., Ltd. | 2,350 | 46,680 | ||||||
Nishio Rent All Co., Ltd. | 1,100 | 22,666 | ||||||
Nisshin Oillio Group Ltd. (The) | 1,042 | 32,549 | ||||||
Nisshinbo Holdings, Inc.(a) | 5,650 | 40,849 | ||||||
Nissin Electric Co., Ltd. | 2,700 | 26,228 | ||||||
Nitto Boseki Co., Ltd. | 700 | 34,843 | ||||||
Noevir Holdings Co., Ltd. | 1,073 | 45,800 | ||||||
NOK Corp. | 4,500 | 55,601 | ||||||
Nomura Co., Ltd. | 2,658 | 22,100 | ||||||
Noritz Corp. | 2,400 | 29,187 | ||||||
North Pacific Bank Ltd. | 14,800 | 28,534 | ||||||
NS United Kaiun Kaisha Ltd. | 1,700 | 23,431 | ||||||
NSD Co., Ltd. | 2,300 | 39,206 | ||||||
NTN Corp. | 22,024 | 43,891 | ||||||
Obara Group, Inc.(a) | 1,027 | 31,128 | ||||||
Ogaki Kyoritsu Bank Ltd. (The) | 1,300 | 27,353 | ||||||
Ohsho Food Service Corp. | 572 | 31,812 | ||||||
Oiles Corp. | 2,000 | 25,898 | ||||||
Okabe Co., Ltd. | 3,300 | 24,868 | ||||||
Okamoto Industries, Inc. | 800 | 29,365 | ||||||
Okamura Corp. | 3,000 | 20,800 | ||||||
Okasan Securities Group, Inc.(a) | 7,200 | 21,690 | ||||||
Oki Electric Industry Co., Ltd. | 3,100 | 29,826 | ||||||
See Notes to Financial Statements.
| 36 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| Investments | Shares | Value | ||||||
Okinawa Electric Power Co., Inc. (The) | 1,670 | $ | 27,770 | |||||
OKUMA Corp. | 900 | 38,458 | ||||||
Okumura Corp. | 1,790 | 41,148 | ||||||
Open House Co., Ltd. | 2,200 | 75,247 | ||||||
Optorun Co., Ltd. | 1,000 | 23,247 | ||||||
Orient Corp. | 23,300 | 25,485 | ||||||
OSG Corp.(a) | 2,200 | 33,647 | ||||||
Outsourcing, Inc. | 3,200 | 20,170 | ||||||
PAL GROUP Holdings Co., Ltd. | 1,590 | 19,159 | ||||||
Paramount Bed Holdings Co., Ltd. | 800 | 32,553 | ||||||
Penta-Ocean Construction Co., Ltd. | 8,600 | 46,155 | ||||||
Prima Meat Packers Ltd. | 1,557 | 41,622 | ||||||
PS Mitsubishi Construction Co., Ltd. | 5,000 | 24,192 | ||||||
Raito Kogyo Co., Ltd. | 1,800 | 23,825 | ||||||
Relia, Inc. | 2,600 | 24,172 | ||||||
Rengo Co., Ltd. | 3,950 | 32,146 | ||||||
Resorttrust, Inc. | 3,400 | 43,963 | ||||||
Restar Holdings Corp. | 1,954 | 37,673 | ||||||
Riso Kagaku Corp.(a) | 1,600 | 22,098 | ||||||
Ryosan Co., Ltd. | 1,900 | 39,080 | ||||||
Sac’s Bar Holdings, Inc. | 4,400 | 24,552 | ||||||
Saibu Gas Co., Ltd.(a) | 1,100 | 27,427 | ||||||
San ju San Financial Group, Inc. | 2,300 | 28,205 | ||||||
San-Ai Oil Co., Ltd. | 2,000 | 18,019 | ||||||
San-In Godo Bank Ltd. (The) | 5,100 | 25,574 | ||||||
Sangetsu Corp. | 1,700 | 23,999 | ||||||
Sanoh Industrial Co., Ltd.(a) | 2,600 | 16,243 | ||||||
Sanwa Holdings Corp. | 5,200 | 46,368 | ||||||
Sanyo Chemical Industries Ltd. | 600 | 25,750 | ||||||
Sapporo Holdings Ltd. | 1,400 | 26,226 | ||||||
Sato Holdings Corp. | 1,400 | 30,262 | ||||||
Sawai Pharmaceutical Co., Ltd. | 1,000 | 51,351 | ||||||
SCREEN Holdings Co., Ltd. | 1,100 | 51,286 | ||||||
Seika Corp.(a) | 3,000 | 34,509 | ||||||
Seiko Holdings Corp.(a) | 1,600 | 25,331 | ||||||
Seino Holdings Co., Ltd. | 4,200 | 54,892 | ||||||
Seiren Co., Ltd. | 1,900 | 23,969 | ||||||
Senko Group Holdings Co., Ltd. | 4,780 | 35,489 | ||||||
Senshu Ikeda Holdings, Inc. | 17,800 | 26,398 | ||||||
Seria Co., Ltd. | 1,400 | 49,766 | ||||||
Shikoku Bank Ltd. (The) | 4,000 | 29,105 | ||||||
Shikoku Chemicals Corp. | 2,112 | 21,221 | ||||||
Shikoku Electric Power Co., Inc. | 5,100 | 37,582 | ||||||
Shimachu Co., Ltd. | 1,453 | 40,296 | ||||||
Shinko Electric Industries Co., Ltd. | 3,500 | 47,398 | ||||||
Shinmaywa Industries Ltd. | 3,200 | 29,958 | ||||||
Ship Healthcare Holdings, Inc. | 900 | 37,415 | ||||||
SHO-BOND Holdings Co., Ltd.(a) | 900 | 39,834 | ||||||
SKY Perfect JSAT Holdings, Inc.(a) | 12,400 | 45,975 | ||||||
Sotetsu Holdings, Inc. | 1,600 | 42,682 | ||||||
Space Co., Ltd.(a) | 3,500 | 31,469 | ||||||
Sparx Group Co., Ltd.(a) | 13,200 | 26,428 | ||||||
SRA Holdings | 1,600 | 35,430 | ||||||
Starts Corp., Inc. | 1,300 | 26,606 | ||||||
Sumitomo Bakelite Co., Ltd. | 1,100 | 30,741 | ||||||
Sumitomo Densetsu Co., Ltd. | 1,500 | 33,146 | ||||||
Sumitomo Forestry Co., Ltd. | 4,400 | 55,181 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 7,213 | 31,290 | ||||||
Sumitomo Osaka Cement Co., Ltd. | 1,100 | 38,592 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 925 | 30,052 | ||||||
T-Gaia Corp. | 2,400 | 45,204 | ||||||
T. RAD Co., Ltd. | 1,900 | 23,441 | ||||||
Tachibana Eletech Co., Ltd. | 2,400 | 38,619 | ||||||
Tadano Ltd.(a) | 3,300 | 27,499 | ||||||
Taikisha Ltd. | 900 | 24,768 | ||||||
Taiyo Holdings Co., Ltd. | 1,200 | 55,281 | ||||||
Taiyo Yuden Co., Ltd. | 1,400 | 43,407 | ||||||
Takara Holdings, Inc. | 3,200 | 28,593 | ||||||
Takara Standard Co., Ltd. | 1,900 | 26,875 | ||||||
Takasago Thermal Engineering Co., Ltd. | 2,100 | 30,794 | ||||||
Takashimaya Co., Ltd. | 3,000 | 25,027 | ||||||
Takeuchi Manufacturing Co., Ltd. | 2,053 | 34,063 | ||||||
Tamron Co., Ltd. | 1,500 | 25,847 | ||||||
Tanseisha Co., Ltd. | 2,300 | 15,989 | ||||||
TechnoPro Holdings, Inc. | 773 | 44,065 | ||||||
Tekken Corp. | 1,500 | 28,697 | ||||||
THK Co., Ltd. | 3,800 | 93,833 | ||||||
Toagosei Co., Ltd.(a) | 3,000 | 29,309 | ||||||
Tocalo Co., Ltd. | 2,500 | 26,834 | ||||||
Tochigi Bank Ltd. (The) | 17,500 | 26,440 | ||||||
Toda Corp. | 8,404 | 54,139 | ||||||
Toei Animation Co., Ltd.(a) | 600 | 27,974 | ||||||
Toho Bank Ltd. (The) | 11,214 | 23,180 | ||||||
Tokai Carbon Co., Ltd.(a) | 3,800 | 35,610 | ||||||
TOKAI Holdings Corp. | 4,000 | 36,854 | ||||||
Tokai Rika Co., Ltd. | 3,700 | 53,467 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 12,918 | 28,498 | ||||||
Token Corp. | 500 | 32,581 | ||||||
Tokuyama Corp.(a) | 1,400 | 32,857 | ||||||
Tokyo Electron Device Ltd. | 1,500 | 49,984 | ||||||
Tokyo Ohka Kogyo Co., Ltd.(a) | 1,200 | 59,953 | ||||||
Tokyo Seimitsu Co., Ltd. | 1,900 | 60,583 | ||||||
Tokyo Tatemono Co., Ltd. | 5,400 | 61,866 | ||||||
Tokyu Construction Co., Ltd. | 5,300 | 27,413 | ||||||
Topcon Corp. | 2,200 | 17,660 | ||||||
Toppan Forms Co., Ltd. | 3,300 | 32,607 | ||||||
Topy Industries Ltd. | 1,900 | 21,503 | ||||||
Toshiba TEC Corp. | 1,200 | 45,827 | ||||||
Totetsu Kogyo Co., Ltd. | 1,145 | 28,857 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 1,928 | 36,421 | ||||||
Toyo Tire Corp.(a) | 3,100 | 41,406 | ||||||
Toyobo Co., Ltd. | 2,800 | 38,930 | ||||||
Toyoda Gosei Co., Ltd. | 3,300 | 68,579 | ||||||
Toyota Boshoku Corp. | 6,000 | 80,475 | ||||||
TS Tech Co., Ltd. | 1,600 | 43,854 | ||||||
Tsubaki Nakashima Co., Ltd. | 4,193 | 32,686 | ||||||
Tsubakimoto Chain Co. | 1,456 | 35,278 | ||||||
Tsumura & Co. | 1,713 | 44,776 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 37 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| Investments | Shares | Value | ||||||
UACJ Corp. | 1,500 | $ | 26,806 | |||||
Ube Industries Ltd. | 3,100 | 53,216 | ||||||
Ulvac, Inc.(a) | 1,600 | 46,123 | ||||||
Unipres Corp. | 2,400 | 20,889 | ||||||
United Arrows Ltd. | 1,000 | 16,888 | ||||||
Valor Holdings Co., Ltd. | 1,600 | 31,174 | ||||||
Vital KSK Holdings, Inc. | 2,900 | 27,741 | ||||||
VT Holdings Co., Ltd. | 7,900 | 25,776 | ||||||
Wacoal Holdings Corp. | 1,634 | 30,185 | ||||||
Wowow, Inc. | 1,600 | 35,920 | ||||||
Xebio Holdings Co., Ltd. | 3,000 | 23,330 | ||||||
Yahagi Construction Co., Ltd.(a) | 4,300 | 31,288 | ||||||
Yamagata Bank Ltd. (The) | 1,768 | 21,747 | ||||||
Yamazen Corp. | 3,400 | 28,616 | ||||||
Yaoko Co., Ltd. | 600 | 42,823 | ||||||
Yellow Hat Ltd. | 2,300 | 31,637 | ||||||
Yuasa Trading Co., Ltd. | 1,300 | 34,933 | ||||||
Yumeshin Holdings Co., Ltd.(a) | 5,100 | 27,844 | ||||||
Zeon Corp. | 3,300 | 30,313 | ||||||
Zojirushi Corp.(a) | 2,200 | 27,774 | ||||||
|
| |||||||
| Total Japan |
| 12,803,009 | ||||||
| Malaysia – 0.1% |
| |||||||
Wing Tai Holdings Ltd. | 28,700 | 36,825 | ||||||
| Morocco – 0.0% |
| |||||||
Vivo Energy PLC(b) | 13,723 | 13,684 | ||||||
| Netherlands – 1.5% |
| |||||||
AMG Advanced Metallurgical Group N.V. | 886 | 15,812 | ||||||
BE Semiconductor Industries N.V.(a) | 7,647 | 340,543 | ||||||
Corbion N.V.(a) | 1,385 | 49,856 | ||||||
ForFarmers N.V.(a) | 5,514 | 33,690 | ||||||
Sligro Food Group N.V.(a) | 2,296 | 35,380 | ||||||
TKH Group N.V. CVA | 1,294 | 50,984 | ||||||
Van Lanschot Kempen N.V. | 3,656 | 53,053 | ||||||
|
| |||||||
| Total Netherlands |
| 579,318 | ||||||
| New Zealand – 2.5% |
| |||||||
Arvida Group Ltd. | 22,531 | 21,031 | ||||||
Chorus Ltd. | 22,955 | 110,534 | ||||||
EBOS Group Ltd. | 5,221 | 72,632 | ||||||
Freightways Ltd. | 8,213 | 38,014 | ||||||
Genesis Energy Ltd. | 71,055 | 138,597 | ||||||
Heartland Group Holdings Ltd. | 41,208 | 32,629 | ||||||
Infratil Ltd. | 27,112 | 82,031 | ||||||
Mainfreight Ltd. | 1,705 | 43,245 | ||||||
NZX Ltd. | 39,484 | 35,585 | ||||||
Oceania Healthcare Ltd. | 40,579 | 23,511 | ||||||
Port of Tauranga Ltd. | 13,487 | 66,853 | ||||||
Scales Corp., Ltd. | 8,353 | 26,349 | ||||||
Skellerup Holdings Ltd. | 21,370 | 29,440 | ||||||
SKYCITY Entertainment Group Ltd. | 50,667 | 77,954 | ||||||
Summerset Group Holdings Ltd. | 7,474 | 31,082 | ||||||
Trustpower Ltd. | 13,060 | 58,431 | ||||||
Z Energy Ltd. | 39,048 | 67,870 | ||||||
|
| |||||||
| Total New Zealand |
| 955,788 | ||||||
| Norway – 3.1% |
| |||||||
ABG Sundal Collier Holding ASA | 97,664 | 42,469 | ||||||
AF Gruppen ASA(a) | 3,088 | 55,185 | ||||||
American Shipping Co. ASA* | 11,241 | 29,888 | ||||||
Atea ASA* | 7,302 | 70,091 | ||||||
Austevoll Seafood ASA | 9,653 | 79,499 | ||||||
Borregaard ASA | 2,969 | 31,454 | ||||||
Elkem ASA(b) | 82,232 | 167,158 | ||||||
Entra ASA(b) | 6,809 | 86,674 | ||||||
Europris ASA(b) | 15,342 | 73,855 | ||||||
Fjordkraft Holding ASA(b) | 7,708 | 63,041 | ||||||
Grieg Seafood ASA | 4,599 | 46,934 | ||||||
Kongsberg Gruppen ASA | 4,637 | 64,794 | ||||||
Norway Royal Salmon ASA | 1,374 | 35,721 | ||||||
Ocean Yield ASA(a) | 20,828 | 46,743 | ||||||
Scatec Solar ASA(b) | 1,479 | 23,978 | ||||||
Selvaag Bolig ASA | 8,540 | 50,371 | ||||||
SpareBank 1 Nord Norge | 6,241 | 40,304 | ||||||
SpareBank 1 SMN | 7,241 | 58,772 | ||||||
TGS Nopec Geophysical Co. ASA | 4,844 | 69,971 | ||||||
XXL ASA*(a)(b) | 18,118 | 35,177 | ||||||
|
| |||||||
| Total Norway |
| 1,172,079 | ||||||
| Portugal – 1.2% |
| |||||||
Altri, SGPS, S.A. | 10,372 | 49,719 | ||||||
Corticeira Amorim, SGPS, S.A. | 4,269 | 48,331 | ||||||
Mota-Engil, SGPS, S.A.*(a) | 14,415 | 18,489 | ||||||
Navigator Co. S.A. (The) | 71,894 | 174,738 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. | 47,262 | 128,990 | ||||||
Semapa-Sociedade de Investimento e Gestao | 4,248 | 38,599 | ||||||
|
| |||||||
| Total Portugal |
| 458,866 | ||||||
| Singapore – 3.3% |
| |||||||
Accordia Golf Trust | 112,800 | 55,387 | ||||||
AEM Holdings Ltd. | 12,000 | 27,010 | ||||||
Asian Pay Television Trust | 307,201 | 27,966 | ||||||
Best World International Ltd.†(a) | 17,900 | 12,331 | ||||||
Bukit Sembawang Estates Ltd. | 6,600 | 18,262 | ||||||
China Aviation Oil Singapore Corp., Ltd. | 45,734 | 32,783 | ||||||
China Sunsine Chemical Holdings Ltd. | 72,800 | 18,265 | ||||||
Chip Eng Seng Corp., Ltd. | 61,305 | 25,268 | ||||||
CSE Global Ltd. | 82,500 | 23,655 | ||||||
GuocoLand Ltd. | 17,500 | 18,315 | ||||||
Hi-P International Ltd.(a) | 35,300 | 26,822 | ||||||
iFAST Corp., Ltd. | 25,100 | 25,369 | ||||||
Japfa Ltd.(a) | 44,400 | 21,801 | ||||||
Keppel Infrastructure Trust | 247,091 | 95,645 | ||||||
NetLink NBN Trust | 257,900 | 179,322 | ||||||
Oxley Holdings Ltd. | 160,652 | 27,062 | ||||||
Raffles Medical Group Ltd. | 54,800 | 36,139 | ||||||
Riverstone Holdings Ltd. | 24,000 | 44,902 | ||||||
SBS Transit Ltd. | 11,718 | 25,031 | ||||||
Sheng Siong Group Ltd. | 60,400 | 71,438 | ||||||
SIA Engineering Co., Ltd. | 31,400 | 44,341 | ||||||
Singapore Post Ltd. | 86,400 | 47,689 | ||||||
See Notes to Financial Statements.
| 38 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| Investments | Shares | Value | ||||||
StarHub Ltd. | 193,700 | $ | 180,502 | |||||
Tuan Sing Holdings Ltd. | 104,416 | 20,957 | ||||||
UMS Holdings Ltd. | 58,100 | 37,274 | ||||||
Yanlord Land Group Ltd. | 115,009 | 96,456 | ||||||
|
| |||||||
| Total Singapore |
| 1,239,992 | ||||||
| Spain – 2.8% |
| |||||||
Acerinox S.A. | 11,326 | 91,335 | ||||||
Applus Services S.A. | 2,048 | 15,710 | ||||||
Atresmedia Corp. de Medios de Comunicacion S.A.(a) | 28,406 | 74,209 | ||||||
Bolsas y Mercados Espanoles SHMSF S.A. | 6,380 | 236,181 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 503 | 18,248 | ||||||
ContourGlobal PLC(b) | 9,367 | 21,990 | ||||||
Ence Energia y Celulosa S.A.(a) | 21,006 | 68,750 | ||||||
Euskaltel S.A.(b) | 7,945 | 70,495 | ||||||
Faes Farma S.A. | 11,500 | 46,757 | ||||||
Liberbank S.A. | 81,360 | 13,469 | ||||||
Mediaset Espana Comunicacion S.A.* | 12,945 | 47,863 | ||||||
Melia Hotels International S.A. | 6,642 | 28,214 | ||||||
Metrovacesa S.A.*(a)(b) | 5,983 | 41,058 | ||||||
Prosegur Cia de Seguridad S.A. | 20,289 | 47,216 | ||||||
Sacyr S.A. | 31,224 | 64,773 | ||||||
Unicaja Banco S.A.*(b) | 90,913 | 46,460 | ||||||
Viscofan S.A. | 1,937 | 126,399 | ||||||
|
| |||||||
| Total Spain |
| 1,059,127 | ||||||
| Sweden – 4.5% |
| |||||||
AddTech AB Class B | 1,211 | 48,665 | ||||||
Arjo AB Class B | 3,885 | 21,600 | ||||||
Atrium Ljungberg AB Class B | 4,351 | 61,272 | ||||||
Avanza Bank Holding AB | 5,212 | 74,012 | ||||||
Beijer Ref AB(a) | 1,994 | 60,227 | ||||||
Betsson AB* | 10,198 | 70,930 | ||||||
Bilia AB Class A* | 7,250 | 58,558 | ||||||
BillerudKorsnas AB | 4,081 | 58,456 | ||||||
BioGaia AB Class B | 528 | 29,130 | ||||||
Catena AB | 1,035 | 40,771 | ||||||
Clas Ohlson AB Class B | 4,752 | 53,199 | ||||||
Coor Service Management Holding AB*(b) | 5,321 | 34,953 | ||||||
Corem Property Group AB | 10,608 | 20,210 | ||||||
Dios Fastigheter AB | 7,096 | 47,451 | ||||||
Dustin Group AB(b) | 4,280 | 23,291 | ||||||
Fagerhult AB* | 7,882 | 29,145 | ||||||
Hexpol AB* | 11,587 | 85,814 | ||||||
Instalco AB | 1,276 | 19,667 | ||||||
JM AB | 4,724 | 106,328 | ||||||
LeoVegas AB(b) | 5,451 | 24,375 | ||||||
Loomis AB* | 2,526 | 60,353 | ||||||
Mycronic AB(a) | 2,849 | 53,729 | ||||||
NCC AB Class B | 4,418 | 71,510 | ||||||
NetEnt AB* | 18,354 | 140,266 | ||||||
Nordic Waterproofing Holding A/S*(b) | 3,069 | 33,534 | ||||||
NP3 Fastigheter AB | 4,062 | 38,368 | ||||||
Platzer Fastigheter Holding AB Class B | 3,364 | 28,705 | ||||||
Ratos AB Class B* | 6,210 | 16,610 | ||||||
Resurs Holding AB(b) | 15,521 | 63,739 | ||||||
Samhallsbyggnadsbolaget i Norden AB(a) | 39,575 | 101,097 | ||||||
Sectra AB Class B* | 627 | 35,668 | ||||||
SkiStar AB | 3,156 | 32,215 | ||||||
Wihlborgs Fastigheter AB | 5,033 | 82,383 | ||||||
|
| |||||||
| Total Sweden |
| 1,726,231 | ||||||
| Switzerland – 2.4% |
| |||||||
Allreal Holding AG, Registered Shares | 668 | 132,254 | ||||||
Arbonia AG* | 1,806 | 18,621 | ||||||
Bobst Group S.A., Registered Shares(a) | 452 | 26,689 | ||||||
Cembra Money Bank AG | 1,309 | 127,854 | ||||||
Comet Holding AG, Registered Shares | 193 | 27,620 | ||||||
Daetwyler Holding AG, Bearer Shares | 275 | 53,749 | ||||||
EFG International AG* | 15,990 | 113,738 | ||||||
Galenica AG(b) | 1,944 | 139,099 | ||||||
Huber + Suhner AG, Registered Shares | 468 | 32,894 | ||||||
Implenia AG, Registered Shares | 562 | 20,735 | ||||||
Landis+Gyr Group AG* | 978 | 63,270 | ||||||
Mobilezone Holding AG, Registered Shares | 4,156 | 36,097 | ||||||
Swissquote Group Holding S.A., Registered Shares | 560 | 47,812 | ||||||
u-blox Holding AG* | 386 | 26,397 | ||||||
Valiant Holding AG, Registered Shares | 654 | 61,083 | ||||||
|
| |||||||
| Total Switzerland |
| 927,912 | ||||||
| Ukraine – 0.1% |
| |||||||
Ferrexpo PLC | 21,391 | 45,831 | ||||||
| United Kingdom – 8.4% |
| |||||||
Avon Rubber PLC | 529 | 20,916 | ||||||
Balfour Beatty PLC | 16,890 | 54,427 | ||||||
Biffa PLC(b) | 9,737 | 24,182 | ||||||
Big Yellow Group PLC | 5,403 | 67,027 | ||||||
Bodycote PLC | 11,335 | 87,885 | ||||||
Brewin Dolphin Holdings PLC | 18,742 | 60,326 | ||||||
CareTech Holdings PLC(a) | 6,207 | 33,285 | ||||||
Chemring Group PLC | 8,437 | 25,228 | ||||||
Chesnara PLC | 11,745 | 41,940 | ||||||
Clipper Logistics PLC | 5,798 | 21,134 | ||||||
CMC Markets PLC(b) | 28,705 | 94,699 | ||||||
Coats Group PLC | 31,283 | 21,646 | ||||||
Concentric AB* | 2,031 | 28,688 | ||||||
Cranswick PLC | 1,327 | 59,322 | ||||||
Daily Mail & General Trust PLC Class A Non-Voting Shares(a) | 10,540 | 89,730 | ||||||
Devro PLC | 10,800 | 20,177 | ||||||
Diploma PLC | 2,099 | 46,554 | ||||||
Drax Group PLC | 24,085 | 76,541 | ||||||
EMIS Group PLC | 2,006 | 26,769 | ||||||
Euromoney Institutional Investor PLC | 3,849 | 37,333 | ||||||
Games Workshop Group PLC | 960 | 95,072 | ||||||
Gamma Communications PLC | 1,045 | 16,592 | ||||||
Genus PLC | 963 | 42,027 | ||||||
Halfords Group PLC | 20,570 | 38,633 | ||||||
Hastings Group Holdings PLC(b) | 57,234 | 136,345 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 39 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| Investments | Shares | Value | ||||||
Helical PLC | 5,937 | $ | 22,667 | |||||
Hilton Food Group PLC(a) | 2,500 | 39,045 | ||||||
IntegraFin Holdings PLC | 9,030 | 51,101 | ||||||
John Laing Group PLC(b) | 13,566 | 58,399 | ||||||
Jupiter Fund Management PLC | 38,808 | 122,851 | ||||||
Keller Group PLC | 5,255 | 41,166 | ||||||
Liontrust Asset Management PLC | 2,592 | 41,795 | ||||||
Lookers PLC | 32,610 | 8,461 | ||||||
Marston’s PLC | 56,965 | 37,410 | ||||||
Mitie Group PLC(a) | 12,736 | 13,109 | ||||||
Moneysupermarket.com Group PLC | 17,153 | 68,585 | ||||||
NCC Group PLC | 15,422 | 33,804 | ||||||
Numis Corp. PLC | 8,130 | 31,844 | ||||||
Paragon Banking Group PLC | 13,659 | 59,070 | ||||||
Pets at Home Group PLC | 25,742 | 76,018 | ||||||
Polar Capital Holdings PLC | 6,590 | 40,876 | ||||||
Premier Miton Group PLC | 10,694 | 13,412 | ||||||
PZ Cussons PLC | 19,626 | 44,814 | ||||||
QinetiQ Group PLC | 15,034 | 55,245 | ||||||
Rank Group PLC | 21,185 | 38,322 | ||||||
Redde Northgate PLC | 23,446 | 48,090 | ||||||
Renewi PLC | 92,200 | 29,848 | ||||||
RWS Holdings PLC | 4,153 | 30,737 | ||||||
Sabre Insurance Group PLC(b) | 16,842 | 54,938 | ||||||
Safestore Holdings PLC | 5,868 | 52,639 | ||||||
Smart Metering Systems PLC | 2,156 | 15,771 | ||||||
Spirent Communications PLC | 16,897 | 50,316 | ||||||
Stock Spirits Group PLC | 11,228 | 32,464 | ||||||
Superdry PLC(a) | 8,186 | 14,292 | ||||||
TalkTalk Telecom Group PLC | 33,294 | 35,235 | ||||||
TBC Bank Group PLC* | 2,141 | 23,650 | ||||||
Telecom Plus PLC | 3,116 | 54,826 | ||||||
TP ICAP PLC | 38,351 | 166,232 | ||||||
Ultra Electronics Holdings PLC | 2,635 | 65,051 | ||||||
Urban & Civic PLC | 4,122 | 11,867 | ||||||
Victrex PLC | 2,847 | 68,772 | ||||||
Vistry Group PLC | 25,056 | 219,963 | ||||||
Wincanton PLC | 8,765 | 20,144 | ||||||
XPS Pensions Group PLC | 17,490 | 24,852 | ||||||
|
| |||||||
| Total United Kingdom |
| 3,184,159 | ||||||
| United States – 0.5% |
| |||||||
Diversified Gas & Oil PLC | 52,968 | 62,829 | ||||||
Sims Ltd. | 12,052 | 65,802 | ||||||
TI Fluid Systems PLC(b) | 28,155 | 64,498 | ||||||
|
| |||||||
| Total United States |
| 193,129 | ||||||
TOTAL COMMON STOCKS (Cost: $42,884,204) |
| 38,159,438 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.1% |
| |||||||
| United States – 7.1% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.13%(c) | ||||||||
| (Cost: $2,688,939) | 2,688,939 | 2,688,939 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 107.5% (Cost: $45,573,143) |
| 40,848,377 | ||||||
Other Assets less Liabilities – (7.5)% |
| (2,833,108 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 38,015,269 | |||||
| * | 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 $12,331, which represents 0.03% of net assets. |
| ‡ | Share amount represents a fractional share. |
| (a) | Security, or portion thereof, was on loan at June 30, 2020 (See Note 2). At June 30, 2020, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $4,902,610 and the total market value of the collateral held by the Fund was $5,196,530. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,507,591. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of June 30, 2020. |
| 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. | 7/2/2020 | 21,485 | AUD | 1,600,000 | JPY | $ | — | $ | (38 | ) | ||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 18,703 | AUD | 100,000 | HKD | — | (25 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 1,079,549 | AUD | 743,313 | USD | — | (37 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 116,427 | CHF | 122,873 | USD | 2 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 450,851 | DKK | 67,944 | USD | — | (2 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 1,087,604 | EUR | 1,221,506 | USD | 61 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 482,825 | GBP | 596,597 | USD | — | (14 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 373,201 | ILS | 107,842 | USD | — | (8 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 148,879,688 | JPY | 1,380,026 | USD | — | (27 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 1,937,641 | NOK | 200,866 | USD | — | (11 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 150,901 | NZD | 97,147 | USD | — | (4 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 2,676,754 | SEK | 287,327 | USD | — | (15 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 181,886 | SGD | 130,383 | USD | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 3,577,715 | USD | 5,394,673 | AUD | — | (136,548 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| 40 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| 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. | 7/3/2020 | 591,414 | USD | 568,538 | CHF | $ | — | $ | (8,611 | ) | ||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 327,030 | USD | 2,197,478 | DKK | — | (4,123 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 5,879,350 | USD | 5,299,911 | EUR | — | (73,366 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 2,871,543 | USD | 2,334,626 | GBP | — | (13,139 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 519,068 | USD | 1,822,871 | ILS | — | (7,639 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 6,642,339 | USD | 716,091,969 | JPY | 4,721 | — | |||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 966,812 | USD | 9,421,013 | NOK | — | (9,766 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 467,591 | USD | 756,991 | NZD | — | (19,725 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 1,382,965 | USD | 13,052,801 | SEK | — | (18,068 | ) | ||||||||||||||||||||
Bank of America N.A. | 7/3/2020 | 627,564 | USD | 887,822 | SGD | — | (8,846 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 126,358 | USD | 119,619 | CHF | — | (8 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 34,651 | USD | 229,782 | DKK | 0 | ^ | — | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 616,297 | USD | 548,352 | EUR | — | (40 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 592,193 | USD | 479,160 | GBP | 12 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 96,133 | USD | 332,440 | ILS | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 1,334,692 | USD | 143,933,585 | JPY | — | (4 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 204,005 | USD | 1,967,759 | NOK | 3 | — | |||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 33,370 | USD | 51,836 | NZD | — | (1 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 185,632 | USD | 1,728,776 | SEK | — | (3 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/5/2020 | 134,042 | USD | 187,005 | SGD | — | (17 | ) | ||||||||||||||||||||
Bank of America N.A. | 8/6/2020 | 449,561 | USD | 652,846 | AUD | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 1,079,557 | AUD | 743,313 | USD | — | (32 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 116,425 | CHF | 122,873 | USD | — | (0 | )^ | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 450,853 | DKK | 67,944 | USD | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 1,087,544 | EUR | 1,221,506 | USD | — | (6 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 482,841 | GBP | 596,597 | USD | 6 | — | |||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 373,217 | ILS | 107,842 | USD | — | (3 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 148,877,756 | JPY | 1,380,026 | USD | — | (44 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 1,937,710 | NOK | 200,866 | USD | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 150,901 | NZD | 97,147 | USD | — | (4 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 2,676,856 | SEK | 287,327 | USD | — | (5 | ) | ||||||||||||||||||||
Citibank N.A. | 7/3/2020 | 181,894 | SGD | 130,383 | USD | 3 | — | |||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 126,358 | USD | 119,619 | CHF | — | (8 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 34,651 | USD | 229,797 | DKK | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 616,297 | USD | 548,354 | EUR | — | (42 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 592,193 | USD | 479,194 | GBP | — | (29 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 96,133 | USD | 332,441 | ILS | — | (2 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 1,334,692 | USD | 143,935,721 | JPY | — | (24 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 204,005 | USD | 1,967,791 | NOK | — | (1 | ) | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 33,370 | USD | 51,834 | NZD | — | (0 | )^ | ||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 185,632 | USD | 1,728,727 | SEK | 3 | — | |||||||||||||||||||||
Citibank N.A. | 8/5/2020 | 134,042 | USD | 186,993 | SGD | — | (8 | ) | ||||||||||||||||||||
Citibank N.A. | 8/6/2020 | 449,561 | USD | 652,853 | AUD | — | (8 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 1,079,584 | AUD | 743,313 | USD | — | (13 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 116,427 | CHF | 122,873 | USD | 2 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2020 | �� | 450,859 | DKK | 67,944 | USD | — | (1 | ) | |||||||||||||||||||
Goldman Sachs | 7/3/2020 | 1,087,574 | EUR | 1,221,506 | USD | 27 | — | |||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 482,827 | GBP | 596,597 | USD | — | (13 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 373,219 | ILS | 107,842 | USD | — | (3 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 148,879,826 | JPY | 1,380,026 | USD | — | (25 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 1,937,711 | NOK | 200,866 | USD | — | (4 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 150,904 | NZD | 97,147 | USD | — | (2 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 2,676,849 | SEK | 287,327 | USD | — | (5 | ) | ||||||||||||||||||||
Goldman Sachs | 7/3/2020 | 181,895 | SGD | 130,383 | USD | 3 | — | |||||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 41 |
Schedule of Investments (continued)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| 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 | 8/5/2020 | 126,358 | USD | 119,616 | CHF | $ | — | $ | (5 | ) | ||||||||||||||||||
Goldman Sachs | 8/5/2020 | 34,651 | USD | 229,787 | DKK | — | (0 | )^ | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 616,297 | USD | 548,340 | EUR | — | (25 | ) | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 592,193 | USD | 479,158 | GBP | 15 | — | |||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 96,133 | USD | 332,438 | ILS | — | (1 | ) | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 1,334,692 | USD | 143,933,719 | JPY | — | (5 | ) | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 204,005 | USD | 1,967,784 | NOK | — | (0 | )^ | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 33,370 | USD | 51,834 | NZD | — | (0 | )^ | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 185,632 | USD | 1,728,755 | SEK | — | (1 | ) | ||||||||||||||||||||
Goldman Sachs | 8/5/2020 | 134,042 | USD | 186,995 | SGD | — | (9 | ) | ||||||||||||||||||||
Goldman Sachs | 8/6/2020 | 449,561 | USD | 652,827 | AUD | 9 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. | 7/1/2020 | 10 | GBP | 12 | USD | — | (0 | )^ | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/1/2020 | 600 | ILS | 173 | USD | 0 | ^ | — | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 822,535 | AUD | 566,337 | USD | — | (17 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 88,710 | CHF | 93,620 | USD | 3 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 343,523 | DKK | 51,769 | USD | — | (1 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 828,582 | EUR | 930,672 | USD | — | (31 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 367,866 | GBP | 454,554 | USD | — | (15 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 284,366 | ILS | 82,168 | USD | — | (2 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 113,436,419 | JPY | 1,051,450 | USD | 18 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 1,476,382 | NOK | 153,045 | USD | — | (4 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 114,978 | NZD | 74,020 | USD | — | (3 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 2,039,519 | SEK | 218,919 | USD | — | (6 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 7/3/2020 | 138,594 | SGD | 99,344 | USD | 3 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 96,275 | USD | 91,142 | CHF | — | (8 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 26,402 | USD | 175,087 | DKK | — | (1 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 469,564 | USD | 417,784 | EUR | — | (16 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 451,198 | USD | 365,079 | GBP | 6 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 73,247 | USD | 253,298 | ILS | — | (1 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 1,016,911 | USD | 109,671,512 | JPY | — | (73 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 155,433 | USD | 1,499,266 | NOK | 0 | ^ | — | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 25,427 | USD | 39,496 | NZD | 0 | ^ | — | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 141,435 | USD | 1,317,129 | SEK | 3 | — | |||||||||||||||||||||
Morgan Stanley & Co. International | 8/5/2020 | 102,129 | USD | 142,482 | SGD | — | (12 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International | 8/6/2020 | 342,526 | USD | 497,395 | AUD | 9 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 54,774 | AUD | 38,126 | USD | — | (414 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 1,079,590 | AUD | 743,313 | USD | — | (9 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 5,940 | CHF | 6,302 | USD | — | (33 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 116,431 | CHF | 122,873 | USD | 6 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 22,914 | DKK | 3,485 | USD | — | (32 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 450,850 | DKK | 67,944 | USD | — | (2 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 55,272 | EUR | 62,654 | USD | — | (574 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 1,087,593 | EUR | 1,221,506 | USD | 49 | — | |||||||||||||||||||||
UBS AG | 7/3/2020 | 24,433 | GBP | 30,601 | USD | — | (412 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 482,830 | GBP | 596,597 | USD | — | (8 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 18,946 | ILS | 5,532 | USD | — | (58 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 373,228 | ILS | 107,842 | USD | — | (0 | )^ | ||||||||||||||||||||
UBS AG | 7/3/2020 | 7,518,825 | JPY | 70,785 | USD | — | (1,091 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 148,881,068 | JPY | 1,380,026 | USD | — | (14 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 97,519 | NOK | 10,303 | USD | — | (194 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 1,937,716 | NOK | 200,866 | USD | — | (3 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 7,640 | NZD | 4,983 | USD | — | (65 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 150,905 | NZD | 97,147 | USD | — | (1 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 136,609 | SEK | 14,738 | USD | — | (75 | ) | ||||||||||||||||||||
See Notes to Financial Statements.
| 42 | WisdomTree Trust |
Schedule of Investments (concluded)
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)
June 30, 2020
| 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 | 7/3/2020 | 2,676,872 | SEK | 287,327 | USD | $ | — | $ | (3 | ) | ||||||||||||||||||
UBS AG | 7/3/2020 | 9,290 | SGD | 6,688 | USD | — | (29 | ) | ||||||||||||||||||||
UBS AG | 7/3/2020 | 181,894 | SGD | 130,383 | USD | 3 | — | |||||||||||||||||||||
UBS AG | 8/5/2020 | 126,358 | USD | 119,618 | CHF | — | (7 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 34,651 | USD | 229,796 | DKK | — | (2 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 616,297 | USD | 548,347 | EUR | — | (34 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 592,193 | USD | 479,169 | GBP | 1 | — | |||||||||||||||||||||
UBS AG | 8/5/2020 | 96,133 | USD | 332,482 | ILS | — | (13 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 1,334,692 | USD | 143,933,852 | JPY | — | (6 | ) | ||||||||||||||||||||
UBS AG | 8/5/2020 | 204,005 | USD | 1,967,746 | NOK | 4 | — | |||||||||||||||||||||
UBS AG | 8/5/2020 | 33,370 | USD | 51,834 | NZD | 0 | ^ | — | ||||||||||||||||||||
UBS AG | 8/5/2020 | 185,632 | USD | 1,728,739 | SEK | 1 | — | |||||||||||||||||||||
UBS AG | 8/5/2020 | 134,042 | USD | 186,993 | SGD | — | (8 | ) | ||||||||||||||||||||
UBS AG | 8/6/2020 | 449,561 | USD | 652,840 | AUD | 1 | — | |||||||||||||||||||||
| $ | 4,974 | $ | (303,706 | ) | ||||||||||||||||||||||||
| ^ | Amount represents less than $1. |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks |
| |||||||||||||||
Singapore | $ | 1,227,661 | $ | — | $ | 12,331 | * | $ | 1,239,992 | |||||||
Other | 36,919,446 | — | — | 36,919,446 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 2,688,939 | — | 2,688,939 | ||||||||||||
Total Investments in Securities | $ | 38,147,107 | $ | 2,688,939 | $ | 12,331 | $ | 40,848,377 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | — | 4,974 | — | 4,974 | ||||||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | — | (303,706 | ) | — | (303,706 | ) | ||||||||||
Total – Net | $ | 38,147,107 | $ | 2,390,207 | $ | 12,331 | $ | 40,549,645 | ||||||||
| * | Securities are being fair valued using significant unobservable inputs by the Pricing Committee. |
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 43 |
Schedule of Investments
WisdomTree Emerging Markets ESG Fund (RESE)
June 30, 2020
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% |
| |||||||
| Brazil – 5.3% |
| |||||||
B2W Cia Digital* | 5,556 | $ | 108,321 | |||||
Banco Bradesco S.A., Preference Shares | 49,453 | 186,435 | ||||||
Banco Santander Brasil S.A. | 19,677 | 100,413 | ||||||
CCR S.A. | 27,923 | 73,738 | ||||||
Cia Energetica de Minas Gerais, Preference Shares | 41,257 | 82,802 | ||||||
Cielo S.A. | 46,780 | 39,361 | ||||||
Equatorial Energia S.A. | 14,290 | 60,431 | ||||||
IRB Brasil Resseguros S.A. | 21,100 | 42,271 | ||||||
Itau Unibanco Holding S.A., Preference Shares | 49,346 | 228,720 | ||||||
Itausa S.A., Preference Shares | 71,996 | 125,745 | ||||||
Lojas Americanas S.A., Preference Shares | 13,133 | 76,969 | ||||||
Lojas Renner S.A. | 11,866 | 90,333 | ||||||
Porto Seguro S.A. | 9,045 | 83,057 | ||||||
Raia Drogasil S.A. | 2,595 | 52,280 | ||||||
Sul America S.A. | 13,007 | 106,765 | ||||||
Telefonica Brasil S.A., Preference Shares | 9,896 | 86,564 | ||||||
TIM Participacoes S.A. | 33,746 | 87,272 | ||||||
WEG S.A. | 15,226 | 140,342 | ||||||
|
| |||||||
| Total Brazil |
| 1,771,819 | ||||||
| Chile – 0.5% |
| |||||||
Aguas Andinas S.A. Class A | 249,713 | 84,658 | ||||||
Embotelladora Andina S.A. Class B, Preference Shares | 34,109 | 83,547 | ||||||
|
| |||||||
| Total Chile |
| 168,205 | ||||||
| China – 36.1% |
| |||||||
3SBio, Inc.*(a)(b) | 84,000 | 106,430 | ||||||
58.com, Inc. ADR* | 1,317 | 71,039 | ||||||
A-Living Services Co., Ltd. Class H(a) | 17,750 | 89,432 | ||||||
AAC Technologies Holdings, Inc.(b) | 9,500 | 58,284 | ||||||
Agile Group Holdings Ltd. | 56,000 | 65,896 | ||||||
Alibaba Group Holding Ltd. ADR* | 7,821 | 1,686,990 | ||||||
ANTA Sports Products Ltd. | 17,000 | 150,030 | ||||||
Autohome, Inc. ADR | 686 | 51,793 | ||||||
BAIC Motor Corp., Ltd. Class H(a) | 150,500 | 65,051 | ||||||
Baidu, Inc. ADR* | 2,480 | 297,327 | ||||||
Bank of Hangzhou Co., Ltd. Class A | 33,000 | 41,611 | ||||||
BYD Electronic International Co., Ltd. | 16,000 | 36,622 | ||||||
China Conch Venture Holdings Ltd. | 26,000 | 109,697 | ||||||
China Hongqiao Group Ltd. | 90,500 | 40,168 | ||||||
China Literature Ltd.*(a)(b) | 12,000 | 80,821 | ||||||
China Medical System Holdings Ltd. | 63,000 | 74,214 | ||||||
China Minsheng Banking Corp., Ltd. Class H | 178,000 | 122,181 | ||||||
China National Chemical Engineering Co., Ltd. Class A | 42,000 | 32,536 | ||||||
China National Medicines Corp. Ltd. Class A | 8,100 | 46,568 | ||||||
China Resources Double Crane Pharmaceutical Co., Ltd. Class A | 39,100 | 73,070 | ||||||
China Traditional Chinese Medicine Holdings Co., Ltd. | 158,000 | 76,243 | ||||||
China Zhongwang Holdings Ltd. | 347,600 | 65,480 | ||||||
Country Garden Holdings Co., Ltd. | 72,000 | 88,439 | ||||||
CSPC Pharmaceutical Group Ltd. | 81,600 | 154,136 | ||||||
Dali Foods Group Co., Ltd.(a) | 175,000 | 106,123 | ||||||
ENN Energy Holdings Ltd. | 13,600 | 153,013 | ||||||
Fosun International Ltd. | 73,500 | 93,506 | ||||||
GDS Holdings Ltd. ADR* | 828 | 65,958 | ||||||
Geely Automobile Holdings Ltd. | 89,000 | 140,095 | ||||||
GOME Retail Holdings Ltd.*(b) | 436,000 | 72,569 | ||||||
Great Wall Motor Co., Ltd. Class H | 86,000 | 53,705 | ||||||
Greentown Service Group Co., Ltd. | 72,000 | 84,816 | ||||||
Haier Electronics Group Co., Ltd. | 42,000 | 127,076 | ||||||
Haitian International Holdings Ltd. | 34,000 | 69,049 | ||||||
Hengan International Group Co., Ltd. | 12,000 | 93,982 | ||||||
Hua Hong Semiconductor Ltd.*(a)(b) | 13,000 | 45,120 | ||||||
Hualan Biological Engineering, Inc. Class A | 13,700 | 97,045 | ||||||
Hubei Kaile Science & Technology Co., Ltd. Class A | 14,100 | 26,948 | ||||||
Inspur Electronic Information Industry Co., Ltd. Class A | 8,300 | 45,970 | ||||||
JD.com, Inc. ADR* | 5,450 | 327,981 | ||||||
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. Class A | 15,900 | 81,814 | ||||||
Kaisa Group Holdings Ltd.* | 159,000 | 59,904 | ||||||
Kingboard Holdings Ltd. | 12,500 | 32,417 | ||||||
Kingdee International Software Group Co., Ltd.* | 70,000 | 162,752 | ||||||
Kingsoft Corp., Ltd.(b) | 19,000 | 88,375 | ||||||
KWG Group Holdings Ltd.* | 47,000 | 78,955 | ||||||
Lee & Man Paper Manufacturing Ltd. | 155,000 | 83,195 | ||||||
Li Ning Co., Ltd. | 45,000 | 142,830 | ||||||
Logan Group Co., Ltd. | 44,000 | 77,890 | ||||||
Longfor Group Holdings Ltd.(a) | 28,000 | 133,128 | ||||||
Luye Pharma Group Ltd.(a)(b) | 50,000 | 30,579 | ||||||
Momo, Inc. ADR | 2,557 | 44,696 | ||||||
NetEase, Inc. ADR | 609 | 261,492 | ||||||
New Oriental Education & Technology Group, Inc. ADR* | 1,229 | 160,053 | ||||||
Nexteer Automotive Group Ltd. | 110,000 | 75,505 | ||||||
Nine Dragons Paper Holdings Ltd. | 70,000 | 63,312 | ||||||
Northeast Securities Co., Ltd. Class A | 101,800 | 121,600 | ||||||
Pangang Group Vanadium Titanium & Resources Co., Ltd. Class A* | 271,000 | 77,001 | ||||||
Ping An Insurance Group Co. of China Ltd. Class H | 46,000 | 459,973 | ||||||
Seazen Group Ltd.* | 72,000 | 62,520 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 68,000 | 151,258 | ||||||
Shanghai AJ Group Co., Ltd. Class A | 107,200 | 120,473 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 31,500 | 105,265 | ||||||
Shanghai Jinjiang International Hotels Co., Ltd. Class A | 16,825 | 66,000 | ||||||
Shanxi Taigang Stainless Steel Co., Ltd. Class A | 123,015 | 57,733 | ||||||
Shengyi Technology Co., Ltd. Class A | 7,500 | 31,032 | ||||||
Shenzhou International Group Holdings Ltd. | 9,900 | 119,304 | ||||||
Shimao Group Holdings Ltd. | 26,000 | 110,032 | ||||||
SINA Corp.* | 1,461 | 52,465 | ||||||
SSY Group Ltd. | 54,000 | 36,857 | ||||||
Sun Art Retail Group Ltd. | 80,000 | 136,663 | ||||||
Sunny Optical Technology Group Co., Ltd. | 4,100 | 65,596 | ||||||
See Notes to Financial Statements.
| 44 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Emerging Markets ESG Fund (RESE)
June 30, 2020
| Investments | Shares | Value | ||||||
Tangshan Jidong Cement Co., Ltd. Class A | 16,800 | $ | 38,093 | |||||
TangShan Port Group Co., Ltd. Class A | 279,900 | 88,234 | ||||||
TCL Technology Group Corp. Class A | 101,300 | 88,783 | ||||||
Tencent Holdings Ltd. | 30,900 | 1,987,851 | ||||||
Tian Di Science & Technology Co., Ltd. Class A | 217,500 | 90,086 | ||||||
Tingyi Cayman Islands Holding Corp. | 52,000 | 80,646 | ||||||
Vipshop Holdings Ltd. ADR* | 7,628 | 151,873 | ||||||
Want Want China Holdings Ltd. | 103,000 | 77,744 | ||||||
Wuchan Zhongda Group Co., Ltd. Class A | 121,700 | 72,427 | ||||||
Xinyi Solar Holdings Ltd. | 58,904 | 55,785 | ||||||
Yihai International Holding Ltd.* | 11,000 | 112,761 | ||||||
Yum China Holdings, Inc. | 4,215 | 202,615 | ||||||
Zhenro Properties Group Ltd. | 140,000 | 87,608 | ||||||
Zhongsheng Group Holdings Ltd. | 19,500 | 107,936 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H*(b) | 97,800 | 75,333 | ||||||
ZTE Corp. Class H | 13,000 | 39,753 | ||||||
ZTO Express Cayman, Inc. ADR | 2,883 | 105,835 | ||||||
|
| |||||||
| Total China |
| 12,101,046 | ||||||
| Hong Kong – 0.5% |
| |||||||
Kingboard Laminates Holdings Ltd. | 37,500 | 37,691 | ||||||
Wharf Holdings Ltd. (The)(b) | 64,000 | 130,140 | ||||||
|
| |||||||
| Total Hong Kong |
| 167,831 | ||||||
| Hungary – 0.4% |
| |||||||
OTP Bank Nyrt* | 4,164 | 145,408 | ||||||
| India – 9.8% |
| |||||||
Ambuja Cements Ltd. | 34,012 | 87,210 | ||||||
Asian Paints Ltd. | 5,782 | 129,223 | ||||||
Bajaj Auto Ltd. | 2,133 | 79,837 | ||||||
Bharat Forge Ltd. | 10,375 | 43,882 | ||||||
Bharti Airtel Ltd.* | 25,916 | 192,164 | ||||||
Bharti Infratel Ltd. | 24,378 | 71,516 | ||||||
Cipla Ltd. | 7,635 | 64,743 | ||||||
Colgate-Palmolive India Ltd. | 5,020 | 93,527 | ||||||
Dabur India Ltd. | 17,762 | 109,613 | ||||||
Dr. Reddy’s Laboratories Ltd. | 2,079 | 108,624 | ||||||
Eicher Motors Ltd. | 337 | 81,832 | ||||||
HCL Technologies Ltd. | 11,428 | 84,283 | ||||||
Hero MotoCorp., Ltd. | 3,054 | 103,020 | ||||||
Hindustan Unilever Ltd. | 8,496 | 245,303 | ||||||
Info Edge India Ltd. | 2,189 | 80,071 | ||||||
Infosys Ltd. ADR | 21,377 | 206,502 | ||||||
Mahindra & Mahindra Financial Services Ltd. | 59,594 | 132,442 | ||||||
Marico Ltd. | 22,031 | 102,680 | ||||||
Motherson Sumi Systems Ltd. | 55,673 | 69,791 | ||||||
Nestle India Ltd. | 479 | 108,956 | ||||||
Page Industries Ltd. | 200 | 52,751 | ||||||
Pidilite Industries Ltd. | 2,248 | 40,852 | ||||||
Shree Cement Ltd. | 241 | 73,576 | ||||||
Shriram Transport Finance Co., Ltd. | 10,081 | 92,073 | ||||||
Siemens Ltd. | 6,516 | 94,641 | ||||||
Tata Consultancy Services Ltd. | 7,452 | 205,502 | ||||||
Tata Steel Ltd. | 17,587 | 76,098 | ||||||
Tech Mahindra Ltd. | 7,399 | 53,251 | ||||||
Titan Co., Ltd. | 7,829 | 98,490 | ||||||
UltraTech Cement Ltd. | 1,582 | 81,580 | ||||||
UPL Ltd. | 16,008 | 90,149 | ||||||
Wipro Ltd. | 21,295 | 61,950 | ||||||
Zee Entertainment Enterprises Ltd. | 22,564 | 51,133 | ||||||
|
| |||||||
| Total India |
| 3,267,265 | ||||||
| Indonesia – 1.8% |
| |||||||
Bank Central Asia Tbk PT | 103,900 | 207,109 | ||||||
Indah Kiat Pulp & Paper Corp. Tbk PT | 142,000 | 59,394 | ||||||
Indofood CBP Sukses Makmur Tbk PT | 85,200 | 55,766 | ||||||
Indofood Sukses Makmur Tbk PT | 90,300 | 41,247 | ||||||
Pabrik Kertas Tjiwi Kimia Tbk PT | 150,800 | 54,366 | ||||||
Unilever Indonesia Tbk PT | 211,500 | 116,965 | ||||||
XL Axiata Tbk PT | 386,900 | 75,024 | ||||||
|
| |||||||
| Total Indonesia |
| 609,871 | ||||||
| Malaysia – 2.5% |
| |||||||
AMMB Holdings Bhd | 173,500 | 125,924 | ||||||
Fraser & Neave Holdings Bhd | 13,100 | 99,297 | ||||||
Hartalega Holdings Bhd | 28,700 | 87,071 | ||||||
Hong Leong Bank Bhd | 31,400 | 103,177 | ||||||
Hong Leong Financial Group Bhd | 18,300 | 55,946 | ||||||
Nestle Malaysia Bhd | 3,100 | 101,211 | ||||||
Public Bank Bhd | 47,100 | 181,365 | ||||||
Westports Holdings Bhd | 85,200 | 75,557 | ||||||
|
| |||||||
| Total Malaysia |
| 829,548 | ||||||
| Mexico – 2.6% |
| |||||||
Alsea S.A.B. de C.V.* | 57,311 | 56,078 | ||||||
America Movil S.A.B. de C.V. Series L | 302,155 | 192,876 | ||||||
Arca Continental S.A.B. de C.V. | 21,691 | 94,576 | ||||||
Cemex S.A.B. de C.V. Series CPO | 345,700 | 96,946 | ||||||
Grupo Financiero Banorte S.A.B. de C.V. Class O | 47,124 | 162,579 | ||||||
Kimberly-Clark de Mexico S.A.B. de C.V. Class A | 34,230 | 53,152 | ||||||
Megacable Holdings S.A.B. de C.V. Series CPO | 10,300 | 29,986 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. | 71,743 | 171,231 | ||||||
|
| |||||||
| Total Mexico |
| 857,424 | ||||||
| Philippines – 0.7% |
| |||||||
Bank of the Philippine Islands | 57,274 | 82,765 | ||||||
Globe Telecom, Inc. | 2,030 | 84,337 | ||||||
PLDT, Inc. | 2,280 | 57,200 | ||||||
|
| |||||||
| Total Philippines |
| 224,302 | ||||||
| Poland – 0.5% |
| |||||||
CD Projekt S.A. | 526 | 52,512 | ||||||
Cyfrowy Polsat S.A. | 6,453 | 42,904 | ||||||
Orange Polska S.A.* | 55,868 | 87,919 | ||||||
|
| |||||||
| Total Poland |
| 183,335 | ||||||
| Russia – 1.6% |
| |||||||
Magnitogorsk Iron & Steel Works PJSC GDR(c) | 5,952 | 40,117 | ||||||
MMC Norilsk Nickel PJSC ADR | 5,972 | 156,407 | ||||||
Mobile TeleSystems PJSC ADR | 10,895 | 100,125 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 45 |
Schedule of Investments (continued)
WisdomTree Emerging Markets ESG Fund (RESE)
June 30, 2020
| Investments | Shares | Value | ||||||
Novolipetsk Steel PJSC GDR(c) | 2,801 | $ | 55,684 | |||||
PhosAgro PJSC GDR(c) | 4,942 | 60,984 | ||||||
Severstal PAO GDR(c) | 3,669 | 44,395 | ||||||
X5 Retail Group N.V. GDR(c) | 2,611 | 92,429 | ||||||
|
| |||||||
| Total Russia |
| 550,141 | ||||||
| South Africa – 5.4% |
| |||||||
Anglo American Platinum Ltd. | 1,473 | 106,317 | ||||||
AngloGold Ashanti Ltd. | 6,177 | 179,743 | ||||||
Aspen Pharmacare Holdings Ltd.* | 12,201 | 100,775 | ||||||
Clicks Group Ltd. | 8,758 | 106,034 | ||||||
FirstRand Ltd. | 44,333 | 97,112 | ||||||
Foschini Group Ltd. (The) | 20,286 | 74,944 | ||||||
Gold Fields Ltd. | 17,962 | 167,700 | ||||||
Impala Platinum Holdings Ltd. | 15,907 | 106,199 | ||||||
Kumba Iron Ore Ltd. | 4,017 | 107,066 | ||||||
Life Healthcare Group Holdings Ltd. | 92,822 | 90,124 | ||||||
Mr. Price Group Ltd. | 5,672 | 46,682 | ||||||
MTN Group Ltd.(b) | 37,027 | 112,583 | ||||||
Pick n Pay Stores Ltd. | 31,651 | 92,904 | ||||||
Shoprite Holdings Ltd. | 15,988 | 98,136 | ||||||
Tiger Brands Ltd. | 7,607 | 78,106 | ||||||
Vodacom Group Ltd.(b) | 17,984 | 127,259 | ||||||
Woolworths Holdings Ltd. | 55,508 | 105,745 | ||||||
|
| |||||||
| Total South Africa |
| 1,797,429 | ||||||
| South Korea – 12.7% |
| |||||||
BNK Financial Group, Inc. | 21,352 | 88,756 | ||||||
Cheil Worldwide, Inc. | 2,277 | 31,045 | ||||||
CJ Logistics Corp.* | 235 | 30,771 | ||||||
Coway Co., Ltd. | 1,691 | 101,501 | ||||||
DB Insurance Co., Ltd. | 3,046 | 108,510 | ||||||
Fila Holdings Corp. | 1,178 | 34,375 | ||||||
GS Engineering & Construction Corp. | 3,933 | 80,272 | ||||||
Hana Financial Group, Inc. | 6,539 | 146,779 | ||||||
Hankook Tire & Technology Co., Ltd. | 4,141 | 84,861 | ||||||
Hanon Systems | 7,741 | 58,306 | ||||||
Hyundai Glovis Co., Ltd. | 341 | 28,775 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 5,617 | 106,937 | ||||||
KB Financial Group, Inc. | 6,593 | 186,085 | ||||||
KMW Co., Ltd.* | 634 | 33,733 | ||||||
Korea Zinc Co., Ltd. | 101 | 28,129 | ||||||
Kumho Petrochemical Co., Ltd. | 484 | 29,977 | ||||||
LG Electronics, Inc. | 2,408 | 126,521 | ||||||
LG Household & Health Care Ltd. | 140 | 156,661 | ||||||
LG Innotek Co., Ltd. | 487 | 70,650 | ||||||
LG Uplus Corp. | 5,685 | 57,661 | ||||||
Meritz Securities Co., Ltd. | 31,634 | 79,687 | ||||||
NAVER Corp. | 1,284 | 285,013 | ||||||
NCSoft Corp. | 138 | 102,222 | ||||||
Pearl Abyss Corp.* | 160 | 28,998 | ||||||
S-1 Corp. | 473 | 33,739 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 648 | 69,495 | ||||||
Samsung Electronics Co., Ltd. | 30,950 | 1,358,573 | ||||||
Samsung Engineering Co., Ltd.* | 7,704 | 78,459 | ||||||
Samsung SDS Co., Ltd. | 167 | 23,394 | ||||||
Samsung Securities Co., Ltd. | 3,973 | 87,034 | ||||||
Shinhan Financial Group Co., Ltd. | 6,247 | 149,313 | ||||||
SK Hynix, Inc. | 3,778 | �� | 267,288 | |||||
SK Telecom Co., Ltd. | 664 | 116,477 | ||||||
|
| |||||||
| Total South Korea |
| 4,269,997 | ||||||
| Taiwan – 16.0% |
| |||||||
Accton Technology Corp. | 10,000 | 77,276 | ||||||
Acer, Inc. | 88,000 | 53,389 | ||||||
Advantech Co., Ltd. | 5,000 | 50,077 | ||||||
Asia Cement Corp. | 23,000 | 33,988 | ||||||
Asustek Computer, Inc. | 5,000 | 36,605 | ||||||
AU Optronics Corp. | 91,000 | 28,560 | ||||||
Catcher Technology Co., Ltd. | 3,000 | 22,573 | ||||||
Cathay Financial Holding Co., Ltd. | 126,714 | 179,735 | ||||||
Chailease Holding Co., Ltd. | 31,200 | 132,183 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 20,000 | 22,878 | ||||||
Chicony Electronics Co., Ltd. | 13,085 | 37,786 | ||||||
China Development Financial Holding Corp. | 329,000 | 105,487 | ||||||
China Life Insurance Co., Ltd.* | 90,000 | 66,498 | ||||||
Compal Electronics, Inc. | 62,000 | 40,451 | ||||||
CTBC Financial Holding Co., Ltd. | 245,720 | 169,479 | ||||||
Delta Electronics, Inc. | 19,000 | 107,865 | ||||||
Evergreen Marine Corp. Taiwan Ltd.* | 114,000 | 41,536 | ||||||
Far Eastern New Century Corp. | 76,000 | 71,867 | ||||||
Far EasTone Telecommunications Co., Ltd. | 32,000 | 73,752 | ||||||
Feng TAY Enterprise Co., Ltd. | 9,500 | 53,611 | ||||||
Fubon Financial Holding Co., Ltd. | 120,000 | 178,549 | ||||||
Globalwafers Co., Ltd. | 3,000 | 40,977 | ||||||
Hon Hai Precision Industry Co., Ltd. | 83,880 | 245,347 | ||||||
Innolux Corp. | 110,000 | 29,453 | ||||||
Inventec Corp. | 48,000 | 40,834 | ||||||
Lite-On Technology Corp. | 32,014 | 50,238 | ||||||
MediaTek, Inc. | 10,000 | 196,241 | ||||||
Micro-Star International Co., Ltd. | 12,000 | 43,722 | ||||||
Nanya Technology Corp. | 18,000 | 37,215 | ||||||
Nien Made Enterprise Co., Ltd. | 6,000 | 58,466 | ||||||
Novatek Microelectronics Corp. | 3,000 | 23,183 | ||||||
Pegatron Corp. | 26,000 | 56,398 | ||||||
Phison Electronics Corp. | 4,000 | 39,858 | ||||||
Pou Chen Corp. | 52,000 | 50,758 | ||||||
Powertech Technology, Inc. | 11,000 | 39,892 | ||||||
Quanta Computer, Inc. | 31,000 | 74,599 | ||||||
Realtek Semiconductor Corp. | 7,000 | 70,938 | ||||||
Ruentex Development Co., Ltd. | 27,000 | 46,762 | ||||||
Ruentex Industries Ltd. | 14,000 | 33,595 | ||||||
Shin Kong Financial Holding Co., Ltd. | 314,724 | 91,736 | ||||||
Standard Foods Corp. | 18,000 | 38,435 | ||||||
Synnex Technology International Corp. | 29,150 | 41,150 | ||||||
Taiwan Cement Corp. | 50,180 | 72,707 | ||||||
Taiwan Mobile Co., Ltd. | 31,000 | 116,101 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 160,000 | 1,697,368 | ||||||
Tatung Co., Ltd.* | 44,000 | 31,317 | ||||||
See Notes to Financial Statements.
| 46 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Emerging Markets ESG Fund (RESE)
June 30, 2020
| Investments | Shares | Value | ||||||
United Microelectronics Corp. | 125,000 | $ | 67,363 | |||||
Vanguard International Semiconductor Corp. | 13,000 | 34,280 | ||||||
Walsin Technology Corp. | 5,000 | 30,334 | ||||||
Win Semiconductors Corp. | 4,000 | 40,536 | ||||||
Winbond Electronics Corp. | 59,446 | 26,898 | ||||||
Wistron Corp. | 56,843 | 68,972 | ||||||
Wiwynn Corp. | 1,000 | 27,182 | ||||||
Yageo Corp. | 4,198 | 54,210 | ||||||
Yuanta Financial Holding Co., Ltd. | 213,000 | 125,976 | ||||||
Zhen Ding Technology Holding Ltd. | 7,000 | 30,487 | ||||||
|
| |||||||
| Total Taiwan |
| 5,357,673 | ||||||
| Thailand – 2.6% |
| |||||||
Advanced Info Service PCL NVDR | 21,200 | 126,895 | ||||||
B Grimm Power PCL NVDR | 35,500 | 61,450 | ||||||
Central Pattana PCL NVDR | 59,200 | 93,375 | ||||||
Charoen Pokphand Foods PCL NVDR | 106,400 | 109,300 | ||||||
Intouch Holdings PCL NVDR | 33,600 | 61,150 | ||||||
Kasikornbank PCL NVDR | 40,200 | 121,286 | ||||||
Minor International PCL NVDR* | 137,400 | 90,244 | ||||||
Srisawad Corp. PCL NVDR* | 46,600 | 77,648 | ||||||
Thai Union Group PCL NVDR | 145,900 | 60,895 | ||||||
True Corp. PCL NVDR | 625,700 | 68,831 | ||||||
|
| |||||||
| Total Thailand |
| 871,074 | ||||||
| Turkey – 0.6% |
| |||||||
Ford Otomotiv Sanayi AS | 6,425 | 66,455 | ||||||
Turkcell Iletisim Hizmetleri AS | 49,692 | 119,178 | ||||||
|
| |||||||
| Total Turkey |
| 185,633 | ||||||
TOTAL COMMON STOCKS (Cost: $30,275,324) |
| 33,358,001 | ||||||
| RIGHTS – 0.0% |
| |||||||
| Thailand – 0.0% |
| |||||||
| Minor International PCL, expiring 7/20/20* (Cost: $0) | 16,756 | 759 | ||||||
| WARRANTS – 0.0% |
| |||||||
| Thailand – 0.0% |
| |||||||
| BTS Group Holdings PCL, expiring 2/16/21* (Cost: $0) | 14,070 | 519 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8% |
| |||||||
| United States – 0.8% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.13%(d) | ||||||||
| (Cost: $261,849) | 261,849 | 261,849 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 100.4% (Cost: $30,537,173) |
| 33,621,128 | ||||||
Other Assets less Liabilities – (0.4)% |
| (138,843 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 33,482,285 | |||||
| * | 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, 2020 (See Note 2). At June 30, 2020, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $702,747 and the total market value of the collateral held by the Fund was $744,737. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $482,888. |
| (c) | This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. |
| (d) | Rate shown represents annualized 7-day yield as of June 30, 2020. |
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
| FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
| Counterparty | Settlement Date | Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Unrealized Appreciation | Unrealized Depreciation | |||||||||||||||||||||||
Morgan Stanley & Co. International | 7/2/2020 | 11,934 | USD | 92,501 | HKD | $ | — | $ | (1 | ) | ||||||||||||||||||
State Street Bank and Trust | 7/2/2020 | 1,027 | USD | 5,629 | BRL | 2 | — | |||||||||||||||||||||
State Street Bank and Trust | 7/2/2020 | 1,681 | USD | 13,030 | HKD | 0 | ^ | — | ||||||||||||||||||||
State Street Bank and Trust | 7/2/2020 | 3,566 | USD | 61,903 | ZAR | 3 | — | |||||||||||||||||||||
| $ | 5 | $ | (1 | ) | ||||||||||||||||||||||||
| ^ | Amount represents less than $1. |
See Notes to Financial Statements.
| WisdomTree Trust | 47 |
Schedule of Investments (concluded)
WisdomTree Emerging Markets ESG Fund (RESE)
June 30, 2020
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks | $ | 33,358,001 | $ | — | $ | — | $ | 33,358,001 | ||||||||
Rights | — | 759 | — | 759 | ||||||||||||
Warrants | 519 | — | — | 519 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 261,849 | — | 261,849 | ||||||||||||
Total Investments in Securities | $ | 33,358,520 | $ | 262,608 | $ | — | $ | 33,621,128 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | — | 5 | — | 5 | ||||||||||||
Liabilities: | ||||||||||||||||
Financial Derivative Instruments | ||||||||||||||||
Foreign Currency Contracts1 | — | (1 | ) | — | (1 | ) | ||||||||||
Total — Net | $ | 33,358,520 | $ | 262,612 | $ | — | $ | 33,621,132 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| 48 | WisdomTree Trust |
Schedule of Investments
WisdomTree International ESG Fund (RESD)
June 30, 2020
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% |
| |||||||
| Australia – 7.0% |
| |||||||
APA Group | 4,719 | $ | 36,162 | |||||
ASX Ltd. | 693 | 40,737 | ||||||
Aurizon Holdings Ltd. | 14,226 | 48,189 | ||||||
AusNet Services | 18,450 | 21,214 | ||||||
Australia & New Zealand Banking Group Ltd. | 6,796 | 87,217 | ||||||
Boral Ltd. | 10,463 | 27,302 | ||||||
Brambles Ltd. | 10,492 | 78,522 | ||||||
Challenger Ltd. | 5,228 | 15,874 | ||||||
CIMIC Group Ltd. | 1,009 | 16,756 | ||||||
Coca-Cola Amatil Ltd. | 8,602 | 51,289 | ||||||
Coles Group Ltd. | 3,443 | 40,702 | ||||||
Commonwealth Bank of Australia | 3,407 | 162,840 | ||||||
CSL Ltd. | 922 | 182,187 | ||||||
Flight Centre Travel Group Ltd. | 1,777 | 13,605 | ||||||
Fortescue Metals Group Ltd. | 5,767 | 54,992 | ||||||
Medibank Pvt Ltd. | 10,270 | 21,142 | ||||||
Newcrest Mining Ltd. | 2,848 | 61,825 | ||||||
Qantas Airways Ltd. | 9,995 | 26,012 | ||||||
Ramsay Health Care Ltd. | 992 | 45,433 | ||||||
Sonic Healthcare Ltd. | 2,253 | 47,203 | ||||||
Sydney Airport | 10,450 | 40,795 | ||||||
Tabcorp Holdings Ltd. | 10,448 | 24,314 | ||||||
Telstra Corp., Ltd. | 25,111 | 54,114 | ||||||
Woolworths Group Ltd. | 3,152 | 80,903 | ||||||
|
| |||||||
| Total Australia |
| 1,279,329 | ||||||
| Belgium – 0.9% |
| |||||||
Proximus SADP | 2,325 | 47,369 | ||||||
Telenet Group Holding N.V. | 1,258 | 51,770 | ||||||
UCB S.A. | 615 | 71,215 | ||||||
|
| |||||||
| Total Belgium |
| 170,354 | ||||||
| China – 0.1% |
| |||||||
WH Group Ltd.(a) | 22,500 | 19,276 | ||||||
| Denmark – 3.2% |
| |||||||
Carlsberg A/S Class B | 439 | 57,991 | ||||||
Chr Hansen Holding A/S | 556 | 57,310 | ||||||
Coloplast A/S Class B | 471 | 72,964 | ||||||
ISS A/S* | 2,879 | 45,554 | ||||||
Novo Nordisk A/S Class B | 3,640 | 235,538 | ||||||
Novozymes A/S Class B | 1,280 | 73,973 | ||||||
Pandora A/S | 763 | 41,427 | ||||||
|
| |||||||
| Total Denmark |
| 584,757 | ||||||
| Finland – 1.4% |
| |||||||
Elisa Oyj | 944 | 57,402 | ||||||
Kone Oyj Class B | 1,184 | 81,411 | ||||||
Orion Oyj Class B | 1,167 | 56,439 | ||||||
UPM-Kymmene Oyj | 2,399 | 69,301 | ||||||
|
| |||||||
| Total Finland |
| 264,553 | ||||||
| France – 9.4% |
| |||||||
Amundi S.A.*(a) | 381 | 29,826 | ||||||
Arkema S.A. | 514 | 49,151 | ||||||
BNP Paribas S.A.* | 3,023 | 120,091 | ||||||
Bouygues S.A.* | 1,543 | 52,701 | ||||||
Capgemini SE | 676 | 77,406 | ||||||
Carrefour S.A. | 3,801 | 58,721 | ||||||
Casino Guichard Perrachon S.A. | 1,350 | 49,885 | ||||||
Cie de Saint-Gobain* | 1,769 | 63,679 | ||||||
Cie Generale des Etablissements Michelin SCA | 630 | 65,338 | ||||||
Credit Agricole S.A.* | 5,319 | 50,349 | ||||||
Danone S.A. | 1,635 | 113,046 | ||||||
Eutelsat Communications S.A. | 2,754 | 25,395 | ||||||
Iliad S.A. | 112 | 21,844 | ||||||
Ipsen S.A. | 694 | 58,967 | ||||||
JCDecaux S.A.* | 2,143 | 39,834 | ||||||
Klepierre S.A. | 2,347 | 46,750 | ||||||
L’Oreal S.A. | 565 | 181,299 | ||||||
Legrand S.A. | 1,120 | 85,061 | ||||||
Natixis S.A.* | 15,452 | 40,350 | ||||||
Orange S.A. | 5,980 | 71,497 | ||||||
Publicis Groupe S.A. | 1,515 | 49,022 | ||||||
Sanofi | 2,147 | 218,594 | ||||||
SEB S.A. | 395 | 65,260 | ||||||
Sodexo S.A. | 674 | 45,572 | ||||||
Veolia Environnement S.A. | 2,363 | 53,133 | ||||||
|
| |||||||
| Total France |
| 1,732,771 | ||||||
| Germany – 6.7% |
| |||||||
Allianz SE, Registered Shares | 744 | 151,883 | ||||||
Beiersdorf AG | 608 | 69,039 | ||||||
Brenntag AG | 962 | 50,534 | ||||||
Deutsche Boerse AG | 508 | 91,889 | ||||||
Deutsche Post AG, Registered Shares | 3,250 | 118,815 | ||||||
Deutsche Telekom AG, Registered Shares | 6,883 | 115,534 | ||||||
Deutsche Wohnen SE, Bearer Shares | 1,173 | 52,632 | ||||||
HeidelbergCement AG | 820 | 43,784 | ||||||
Henkel AG & Co. KGaA, Preference Shares | 894 | 83,219 | ||||||
Hochtief AG | 438 | 38,839 | ||||||
Merck KGaA | 600 | 69,613 | ||||||
SAP SE | 1,945 | 271,580 | ||||||
Telefonica Deutschland Holding AG | 19,057 | 56,228 | ||||||
United Internet AG, Registered Shares | 456 | 19,313 | ||||||
|
| |||||||
| Total Germany |
| 1,232,902 | ||||||
| Hong Kong – 3.4% |
| |||||||
AIA Group Ltd. | 19,600 | 182,838 | ||||||
Bank of East Asia Ltd. (The) | 8,200 | 18,727 | ||||||
BOC Hong Kong Holdings Ltd. | 13,000 | 41,346 | ||||||
CK Asset Holdings Ltd. | 5,000 | 29,805 | ||||||
Hang Seng Bank Ltd. | 2,500 | 41,965 | ||||||
Henderson Land Development Co., Ltd. | 2,000 | 7,587 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 3,500 | 149,024 | ||||||
MTR Corp., Ltd. | 11,000 | 56,984 | ||||||
Sino Land Co., Ltd. | 20,000 | 25,160 | ||||||
Sun Hung Kai Properties Ltd. | 4,500 | 57,451 | ||||||
Yue Yuen Industrial Holdings Ltd. | 6,500 | 9,879 | ||||||
|
| |||||||
| Total Hong Kong |
| 620,766 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 49 |
Schedule of Investments (continued)
WisdomTree International ESG Fund (RESD)
June 30, 2020
| Investments | Shares | Value | ||||||
| Ireland – 0.8% |
| |||||||
CRH PLC | 2,732 | $ | 93,588 | |||||
Kingspan Group PLC | 824 | 53,076 | ||||||
|
| |||||||
| Total Ireland |
| 146,664 | ||||||
| Israel – 0.3% |
| |||||||
Check Point Software Technologies Ltd.* | 208 | 22,346 | ||||||
Israel Discount Bank Ltd. Class A | 8,815 | 26,743 | ||||||
|
| |||||||
| Total Israel |
| 49,089 | ||||||
| Italy – 2.1% |
| |||||||
Assicurazioni Generali SpA | 4,924 | 74,494 | ||||||
Intesa Sanpaolo SpA* | 44,410 | 84,974 | ||||||
Pirelli & C SpA*(a) | 11,806 | 50,056 | ||||||
Poste Italiane SpA(a) | 1,791 | 15,569 | ||||||
Prysmian SpA | 2,232 | 51,692 | ||||||
Telecom Italia SpA | 103,675 | 40,720 | ||||||
Terna Rete Elettrica Nazionale SpA | 10,254 | 70,460 | ||||||
|
| |||||||
| Total Italy |
| 387,965 | ||||||
| Japan – 29.2% |
| |||||||
Advantest Corp. | 1,100 | 62,400 | ||||||
AGC, Inc. | 1,000 | 28,410 | ||||||
Air Water, Inc. | 1,300 | 18,328 | ||||||
Ajinomoto Co., Inc. | 2,600 | 43,187 | ||||||
Asahi Group Holdings Ltd. | 1,500 | 52,500 | ||||||
Astellas Pharma, Inc. | 5,800 | 96,743 | ||||||
Benesse Holdings, Inc. | 800 | 21,430 | ||||||
Bridgestone Corp. | 2,000 | 64,309 | ||||||
Casio Computer Co., Ltd. | 2,500 | 43,333 | ||||||
Central Japan Railway Co. | 300 | 46,411 | ||||||
Chiba Bank Ltd. (The) | 2,500 | 11,772 | ||||||
Chugai Pharmaceutical Co., Ltd. | 2,100 | 112,217 | ||||||
CyberAgent, Inc. | 400 | 19,613 | ||||||
Dai Nippon Printing Co., Ltd. | 2,100 | 48,060 | ||||||
Daiichi Sankyo Co., Ltd. | 1,400 | 114,274 | ||||||
Daito Trust Construction Co., Ltd. | 300 | 27,554 | ||||||
Daiwa House Industry Co., Ltd. | 1,900 | 44,768 | ||||||
Daiwa Securities Group, Inc. | 6,600 | 27,511 | ||||||
East Japan Railway Co. | 700 | 48,494 | ||||||
Eisai Co., Ltd. | 800 | 63,371 | ||||||
FUJIFILM Holdings Corp. | 900 | 38,458 | ||||||
Fujitsu Ltd. | 700 | 81,884 | ||||||
GMO Payment Gateway, Inc. | 200 | 20,837 | ||||||
Hamamatsu Photonics K.K. | 500 | 21,643 | ||||||
Hitachi Ltd. | 2,400 | 75,703 | ||||||
Honda Motor Co., Ltd. | 3,900 | 99,610 | ||||||
Hoya Corp. | 800 | 76,081 | ||||||
Hulic Co., Ltd. | 3,300 | 30,955 | ||||||
Itochu Techno-Solutions Corp. | 900 | 33,703 | ||||||
Japan Exchange Group, Inc. | 1,100 | 25,409 | ||||||
Kajima Corp. | 1,700 | 20,233 | ||||||
Kamigumi Co., Ltd. | 900 | 17,635 | ||||||
Kansai Paint Co., Ltd. | 900 | 18,962 | ||||||
Kao Corp. | 1,400 | 110,822 | ||||||
KDDI Corp. | 4,000 | 119,905 | ||||||
Kirin Holdings Co., Ltd. | 2,800 | 59,031 | ||||||
Kubota Corp. | 4,000 | 59,619 | ||||||
Kyowa Kirin Co., Ltd. | 1,300 | 34,089 | ||||||
Kyushu Railway Co. | 700 | 18,161 | ||||||
Lion Corp. | 1,000 | 23,979 | ||||||
LIXIL Group Corp. | 2,500 | 34,898 | ||||||
Marui Group Co., Ltd. | 1,300 | 23,449 | ||||||
McDonald’s Holdings Co., Japan Ltd. | 500 | 26,973 | ||||||
MEIJI Holdings Co., Ltd. | 600 | 47,717 | ||||||
Mitsubishi Chemical Holdings Corp. | 4,900 | 28,496 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 1,200 | 18,130 | ||||||
Mitsui Chemicals, Inc. | 1,100 | 22,911 | ||||||
Mizuho Financial Group, Inc. | 66,300 | 81,243 | ||||||
MonotaRO Co., Ltd. | 500 | 20,021 | ||||||
MS&AD Insurance Group Holdings, Inc. | 1,800 | 49,403 | ||||||
Murata Manufacturing Co., Ltd. | 1,100 | 64,398 | ||||||
Nabtesco Corp. | 1,400 | 43,083 | ||||||
NEC Corp. | 1,700 | 81,466 | ||||||
Nexon Co., Ltd. | 900 | 20,330 | ||||||
Nintendo Co., Ltd. | 200 | 89,002 | ||||||
Nippon Express Co., Ltd. | 400 | 20,689 | ||||||
Nippon Telegraph & Telephone Corp. | 3,800 | 88,603 | ||||||
Nippon Yusen K.K. | 1,600 | 22,483 | ||||||
Nitori Holdings Co., Ltd. | 100 | 19,581 | ||||||
Nitto Denko Corp. | 600 | 33,925 | ||||||
Nomura Holdings, Inc. | 12,700 | 56,787 | ||||||
Nomura Real Estate Holdings, Inc. | 1,200 | 22,246 | ||||||
Nomura Research Institute Ltd. | 1,700 | 46,122 | ||||||
NTT Data Corp. | 3,600 | 40,009 | ||||||
NTT DOCOMO, Inc. | 3,900 | 104,183 | ||||||
Obayashi Corp. | 3,900 | 36,439 | ||||||
Obic Co., Ltd. | 100 | 17,491 | ||||||
Oji Holdings Corp. | 4,100 | 19,040 | ||||||
Olympus Corp. | 3,200 | 61,562 | ||||||
Omron Corp. | 900 | 60,231 | ||||||
Ono Pharmaceutical Co., Ltd. | 1,500 | 43,616 | ||||||
Oracle Corp. | 300 | 35,371 | ||||||
Otsuka Corp. | 600 | 31,589 | ||||||
Otsuka Holdings Co., Ltd. | 900 | 39,200 | ||||||
Pan Pacific International Holdings Corp. | 1,000 | 21,959 | ||||||
Panasonic Corp. | 5,700 | 49,643 | ||||||
Resona Holdings, Inc. | 9,700 | 33,069 | ||||||
Rinnai Corp. | 500 | 41,711 | ||||||
Secom Co., Ltd. | 500 | 43,672 | ||||||
Sega Sammy Holdings, Inc. | 1,900 | 22,719 | ||||||
Sekisui Chemical Co., Ltd. | 3,800 | 54,313 | ||||||
Sekisui House Ltd. | 2,300 | 43,757 | ||||||
Seven Bank Ltd. | 5,900 | 16,133 | ||||||
SG Holdings Co., Ltd. | 700 | 22,839 | ||||||
Shimamura Co., Ltd. | 300 | 20,299 | ||||||
Shimano, Inc. | 200 | 38,467 | ||||||
Shimizu Corp. | 2,700 | 22,149 | ||||||
Shionogi & Co., Ltd. | 700 | 43,797 | ||||||
See Notes to Financial Statements.
| 50 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree International ESG Fund (RESD)
June 30, 2020
| Investments | Shares | Value | ||||||
Showa Denko K.K. | 800 | $ | 17,915 | |||||
Sohgo Security Services Co., Ltd. | 500 | 23,266 | ||||||
Sompo Holdings, Inc. | 1,500 | 51,541 | ||||||
Sony Corp. | 2,700 | 184,797 | ||||||
Sumitomo Electric Industries Ltd. | 2,800 | 32,169 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 3,300 | 92,743 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 1,800 | 50,470 | ||||||
Suntory Beverage & Food Ltd. | 600 | 23,386 | ||||||
Sysmex Corp. | 1,100 | 83,913 | ||||||
T&D Holdings, Inc. | 5,100 | 43,538 | ||||||
Taiheiyo Cement Corp. | 700 | 16,169 | ||||||
Taisei Corp. | 700 | 25,435 | ||||||
Taiyo Nippon Sanso Corp. | 1,000 | 16,694 | ||||||
Takeda Pharmaceutical Co., Ltd. | 3,700 | 131,970 | ||||||
TDK Corp. | 700 | 69,296 | ||||||
Teijin Ltd. | 1,600 | 25,420 | ||||||
Tobu Railway Co., Ltd. | 800 | 26,436 | ||||||
Tokio Marine Holdings, Inc. | 1,900 | 82,738 | ||||||
Tokyo Electron Ltd. | 500 | 122,538 | ||||||
Tokyo Gas Co., Ltd. | 2,300 | 55,003 | ||||||
Tosoh Corp. | 1,300 | 17,713 | ||||||
TOTO Ltd. | 1,000 | 38,142 | ||||||
Toyo Suisan Kaisha Ltd. | 700 | 39,125 | ||||||
Toyota Tsusho Corp. | 700 | 17,707 | ||||||
Trend Micro, Inc. | 600 | 33,480 | ||||||
Tsuruha Holdings, Inc. | 200 | 27,529 | ||||||
Yamada Denki Co., Ltd. | 3,700 | 18,348 | ||||||
Yamaha Corp. | 900 | 42,295 | ||||||
Yamato Holdings Co., Ltd. | 900 | 19,437 | ||||||
Yamazaki Baking Co., Ltd. | 1,100 | 18,924 | ||||||
|
| |||||||
| Total Japan |
| 5,354,755 | ||||||
| Netherlands – 3.9% |
| |||||||
ASML Holding N.V. | 783 | 287,484 | ||||||
Koninklijke DSM N.V. | 648 | 89,665 | ||||||
Koninklijke KPN N.V. | 26,346 | 69,834 | ||||||
Koninklijke Philips N.V.* | 2,741 | 127,822 | ||||||
Randstad N.V. | 1,116 | 49,711 | ||||||
Wolters Kluwer N.V. | 1,130 | 88,232 | ||||||
|
| |||||||
| Total Netherlands |
| 712,748 | ||||||
| New Zealand – 0.3% |
| |||||||
Fisher & Paykel Healthcare Corp., Ltd. | 2,603 | 59,654 | ||||||
| Norway – 0.6% |
| |||||||
Orkla ASA | 6,887 | 60,182 | ||||||
Yara International ASA | 1,322 | 45,757 | ||||||
|
| |||||||
| Total Norway |
| 105,939 | ||||||
| Singapore – 1.3% |
| |||||||
CapitaLand Ltd.* | 25,500 | 53,374 | ||||||
ComfortDelGro Corp., Ltd. | 19,800 | 20,580 | ||||||
Keppel Corp., Ltd. | 13,300 | 56,821 | ||||||
Singapore Exchange Ltd. | 6,400 | 38,261 | ||||||
Singapore Telecommunications Ltd. | 33,800 | 59,602 | ||||||
|
| |||||||
| Total Singapore |
| 228,638 | ||||||
| Spain – 1.4% |
| |||||||
Banco Bilbao Vizcaya Argentaria S.A. | 21,308 | 73,328 | ||||||
Enagas S.A. | 2,280 | 55,697 | ||||||
Industria de Diseno Textil S.A. | 3,348 | 88,630 | ||||||
Mapfre S.A. | 16,437 | 29,243 | ||||||
|
| |||||||
| Total Spain |
| 246,898 | ||||||
| Sweden – 3.5% |
| |||||||
Alfa Laval AB* | 2,302 | 50,504 | ||||||
Assa Abloy AB Class B | 3,721 | 75,665 | ||||||
Essity AB Class B* | 2,033 | 65,703 | ||||||
Hennes & Mauritz AB Class B | 3,987 | 57,772 | ||||||
Husqvarna AB Class B | 7,513 | 61,529 | ||||||
ICA Gruppen AB | 954 | 45,239 | ||||||
Skanska AB Class B* | 2,356 | 47,921 | ||||||
SKF AB Class B | 3,078 | 57,205 | ||||||
Telefonaktiebolaget LM Ericsson Class B | 11,238 | 103,928 | ||||||
Volvo AB Class B* | 4,938 | 77,330 | ||||||
|
| |||||||
| Total Sweden |
| 642,796 | ||||||
| Switzerland – 11.7% |
| |||||||
Adecco Group AG, Registered Shares | 1,246 | 58,464 | ||||||
Baloise Holding AG, Registered Shares | 276 | 41,390 | ||||||
Coca-Cola HBC AG | 2,212 | 55,428 | ||||||
EMS-Chemie Holding AG, Registered Shares | 25 | 19,366 | ||||||
Geberit AG, Registered Shares | 161 | 80,572 | ||||||
Givaudan S.A., Registered Shares | 32 | 119,145 | ||||||
Kuehne + Nagel International AG, Registered Shares* | 337 | 55,980 | ||||||
Nestle S.A., Registered Shares | 5,220 | 577,007 | ||||||
Novartis AG, Registered Shares | 3,946 | 343,232 | ||||||
Roche Holding AG Genusschein | 1,273 | 441,127 | ||||||
Schindler Holding AG Participation Certificate | 209 | 49,187 | ||||||
SGS S.A., Registered Shares | 25 | 61,078 | ||||||
Sonova Holding AG, Registered Shares | 308 | 61,483 | ||||||
STMicroelectronics N.V. | 3,396 | 92,304 | ||||||
Swiss Prime Site AG, Registered Shares | 280 | 25,886 | ||||||
Swisscom AG, Registered Shares | 140 | 73,269 | ||||||
|
| |||||||
| Total Switzerland |
| 2,154,918 | ||||||
| United Kingdom – 12.4% |
| |||||||
Admiral Group PLC | 820 | 23,293 | ||||||
Aviva PLC | 19,235 | 65,026 | ||||||
Barratt Developments PLC | 8,274 | 50,698 | ||||||
Bunzl PLC | 2,136 | 57,166 | ||||||
CK Hutchison Holdings Ltd. | 4,500 | 28,914 | ||||||
CNH Industrial N.V.* | 435 | 3,043 | ||||||
Coca-Cola European Partners PLC | 1,366 | 51,580 | ||||||
Experian PLC | 2,781 | 96,867 | ||||||
G4S PLC | 13,813 | 19,448 | ||||||
GlaxoSmithKline PLC | 10,310 | 208,487 | ||||||
Halma PLC | 1,519 | 43,225 | ||||||
Intertek Group PLC | 799 | 53,706 | ||||||
ITV PLC | 35,160 | 32,444 | ||||||
J Sainsbury PLC | 17,115 | 44,134 | ||||||
Kingfisher PLC | 27,909 | 76,142 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 51 |
Schedule of Investments (concluded)
WisdomTree International ESG Fund (RESD)
June 30, 2020
| Investments | Shares | Value | ||||||
Lloyds Banking Group PLC | 150,971 | $ | 58,154 | |||||
London Stock Exchange Group PLC | 992 | 102,445 | ||||||
Marks & Spencer Group PLC | 36,224 | 44,311 | ||||||
Mondi PLC | 3,361 | 62,729 | ||||||
Next PLC | 706 | 42,692 | ||||||
Pearson PLC | 8,777 | 62,445 | ||||||
RELX PLC | 5,458 | 126,111 | ||||||
Rentokil Initial PLC | 9,159 | 57,671 | ||||||
Sage Group PLC (The) | 4,545 | 37,727 | ||||||
Schroders PLC | 1,692 | 61,653 | ||||||
Segro PLC | 5,481 | 60,612 | ||||||
Smith & Nephew PLC | 3,644 | 67,786 | ||||||
Spirax-Sarco Engineering PLC | 430 | 53,003 | ||||||
Standard Chartered PLC | 10,821 | 58,843 | ||||||
Taylor Wimpey PLC | 26,567 | 46,810 | ||||||
Tesco PLC | 28,639 | 80,716 | ||||||
Unilever N.V. | 3,180 | 168,759 | ||||||
Unilever PLC | 2,618 | 140,876 | ||||||
United Utilities Group PLC | 5,463 | 61,439 | ||||||
WM Morrison Supermarkets PLC | 14,499 | 34,137 | ||||||
|
| |||||||
| Total United Kingdom |
| 2,283,092 | ||||||
| United States – 0.1% |
| |||||||
James Hardie Industries PLC | 1,146 | 21,714 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $15,774,985) |
| 18,299,578 | ||||||
Other Assets less Liabilities – 0.3% |
| 63,069 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 18,362,647 | |||||
| * | 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. |
INVESTMENT IN AFFILIATES
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended June 30, 2020 were as follows:
| Investment in Affiliates | Value at 6/30/2019 | Purchases/ Additions | Sales/ Reductions | Realized Gain/(Loss) | Change in Unrealized Appreciation/ Depreciation | Value at 6/30/2020 | Dividend Income | |||||||||||||||||||||
WisdomTree International Quality Dividend Growth Fund^ | $ | 28,732,853 | $ | 2,714,800 | $ | 26,299,935 | $ | (5,791,675 | ) | $ | 643,957 | $ | — | $ | 297,323 | |||||||||||||
| ^ | As of June 30, 2020, the Fund did not hold a position in this affiliate. |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks | $ | 18,299,578 | $ | — | $ | — | $ | 18,299,578 | ||||||||
Total Investments in Securities | $ | 18,299,578 | $ | — | $ | — | $ | 18,299,578 | ||||||||
See Notes to Financial Statements.
| 52 | WisdomTree Trust |
Schedule of Investments
WisdomTree U.S. Corporate Bond Fund (WFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
| U.S. CORPORATE BONDS – 94.8% |
| |||||||
| United States – 94.8% |
| |||||||
3M Co. | $ | 70,000 | $ | 75,860 | ||||
ABB Finance USA, Inc. | 4,000 | 4,156 | ||||||
Abbott Laboratories |
| |||||||
3.40%, 11/30/23 | 53,000 | 57,758 | ||||||
2.95%, 3/15/25(a) | 29,000 | 31,908 | ||||||
4.90%, 11/30/46 | 9,000 | 12,942 | ||||||
AbbVie, Inc. |
| |||||||
2.30%, 5/14/21 | 34,000 | 34,460 | ||||||
3.38%, 11/14/21 | 178,000 | 184,459 | ||||||
2.90%, 11/6/22 | 35,000 | 36,735 | ||||||
3.75%, 11/14/23 | 34,000 | 36,978 | ||||||
3.60%, 5/14/25 | 9,000 | 9,958 | ||||||
4.45%, 5/14/46(a) | 38,000 | 46,519 | ||||||
4.88%, 11/14/48 | 69,000 | 90,767 | ||||||
Albemarle Corp. | 5,000 | 5,364 | ||||||
Alexandria Real Estate Equities, Inc. | 63,000 | 71,962 | ||||||
Allstate Corp. (The) |
| |||||||
4.50%, 6/15/43 | 75,000 | 95,147 | ||||||
4.20%, 12/15/46 | 47,000 | 58,293 | ||||||
Altria Group, Inc. |
| |||||||
4.75%, 5/5/21 | 33,000 | 34,214 | ||||||
3.49%, 2/14/22 | 15,000 | 15,656 | ||||||
4.00%, 1/31/24 | 8,000 | 8,819 | ||||||
4.40%, 2/14/26 | 85,000 | 97,946 | ||||||
2.63%, 9/16/26 | 14,000 | 14,942 | ||||||
3.88%, 9/16/46 | 56,000 | 56,020 | ||||||
5.95%, 2/14/49 | 138,000 | 181,279 | ||||||
6.20%, 2/14/59(a) | 19,000 | 25,430 | ||||||
Amazon.com, Inc. |
| |||||||
3.15%, 8/22/27 | 47,000 | 53,824 | ||||||
3.88%, 8/22/37 | 39,000 | 48,352 | ||||||
4.05%, 8/22/47 | 35,000 | 45,612 | ||||||
American Express Co. |
| |||||||
3.70%, 11/5/21 | 22,000 | 22,883 | ||||||
2.50%, 8/1/22 | 56,000 | 58,019 | ||||||
3.40%, 2/27/23 | 149,000 | 159,467 | ||||||
3.40%, 2/22/24 | 59,000 | 64,205 | ||||||
3.63%, 12/5/24 | 27,000 | 29,951 | ||||||
American Express Credit Corp. | 156,000 | 158,155 | ||||||
American Honda Finance Corp. |
| |||||||
2.30%, 9/9/26 | 57,000 | 60,536 | ||||||
3.50%, 2/15/28(a) | 7,000 | 7,937 | ||||||
American International Group, Inc. |
| |||||||
2.50%, 6/30/25 | 179,000 | 189,708 | ||||||
4.80%, 7/10/45 | 27,000 | 32,892 | ||||||
American Water Capital Corp. |
| |||||||
2.95%, 9/1/27 | 29,000 | 31,979 | ||||||
4.30%, 12/1/42 | 58,000 | 71,356 | ||||||
Amgen, Inc. |
| |||||||
2.70%, 5/1/22 | 36,000 | 37,243 | ||||||
2.65%, 5/11/22 | 36,000 | 37,287 | ||||||
3.63%, 5/15/22 | 74,000 | 77,458 | ||||||
2.25%, 8/19/23(a) | 60,000 | 62,941 | ||||||
5.15%, 11/15/41 | 61,000 | 81,205 | ||||||
Amphenol Corp. | 22,000 | 23,441 | ||||||
Analog Devices, Inc. | 13,000 | 13,323 | ||||||
Anthem, Inc. |
| |||||||
3.30%, 1/15/23 | 23,000 | 24,512 | ||||||
3.65%, 12/1/27 | 73,000 | 83,226 | ||||||
4.10%, 3/1/28(a) | 48,000 | 56,325 | ||||||
2.88%, 9/15/29(a) | 42,000 | 45,570 | ||||||
4.63%, 5/15/42 | 115,000 | 143,551 | ||||||
4.65%, 1/15/43 | 40,000 | 50,309 | ||||||
Appalachian Power Co. | 11,000 | 16,406 | ||||||
Apple, Inc. |
| |||||||
2.85%, 5/6/21 | 40,000 | 40,875 | ||||||
2.30%, 5/11/22 | 114,000 | 118,088 | ||||||
2.40%, 5/3/23 | 16,000 | 16,920 | ||||||
3.00%, 2/9/24 | 23,000 | 24,900 | ||||||
2.85%, 5/11/24 | 34,000 | 36,635 | ||||||
3.35%, 2/9/27 | 21,000 | 23,945 | ||||||
3.20%, 5/11/27 | 10,000 | 11,343 | ||||||
2.90%, 9/12/27 | 25,000 | 28,044 | ||||||
3.00%, 11/13/27 | 26,000 | 29,239 | ||||||
3.85%, 5/4/43 | 13,000 | 16,118 | ||||||
3.85%, 8/4/46(a) | 28,000 | 35,027 | ||||||
4.25%, 2/9/47 | 35,000 | 46,261 | ||||||
3.75%, 11/13/47 | 9,000 | 10,982 | ||||||
Applied Materials, Inc. |
| |||||||
5.10%, 10/1/35 | 31,000 | 43,251 | ||||||
5.85%, 6/15/41 | 64,000 | 93,664 | ||||||
Archer-Daniels-Midland Co. | 168,000 | 175,831 | ||||||
AT&T, Inc. |
| |||||||
3.00%, 2/15/22 | 9,000 | 9,373 | ||||||
3.60%, 7/15/25 | 99,000 | 110,050 | ||||||
4.25%, 3/1/27 | 37,000 | 42,172 | ||||||
4.35%, 3/1/29 | 89,000 | 103,845 | ||||||
4.30%, 2/15/30 | 93,000 | 109,077 | ||||||
4.50%, 5/15/35(a) | 89,000 | 105,732 | ||||||
5.25%, 3/1/37 | 3,000 | 3,714 | ||||||
5.35%, 9/1/40 | 30,000 | 37,766 | ||||||
4.30%, 12/15/42 | 5,000 | 5,604 | ||||||
4.80%, 6/15/44 | 167,000 | 198,066 | ||||||
5.45%, 3/1/47 | 65,000 | 85,186 | ||||||
4.50%, 3/9/48 | 315,000 | 372,974 | ||||||
4.55%, 3/9/49 | 111,000 | 131,092 | ||||||
5.30%, 8/15/58 | 42,000 | 54,649 | ||||||
Atmos Energy Corp. | 23,000 | 28,451 | ||||||
AutoZone, Inc. | 66,000 | 69,060 | ||||||
AvalonBay Communities, Inc. |
| |||||||
4.20%, 12/15/23 | 12,000 | 13,200 | ||||||
2.95%, 5/11/26 | 45,000 | 48,891 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 53 |
Schedule of Investments (continued)
WisdomTree U.S. Corporate Bond Fund (WFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Avangrid, Inc. | $ | 57,000 | $ | 66,087 | ||||
Bank of America Corp. |
| |||||||
2.63%, 4/19/21 | 47,000 | 47,836 | ||||||
4.13%, 1/22/24 | 55,000 | 61,118 | ||||||
4.20%, 8/26/24 | 125,000 | 138,855 | ||||||
4.45%, 3/3/26 | 47,000 | 54,150 | ||||||
3.25%, 10/21/27 | 95,000 | 104,833 | ||||||
4.18%, 11/25/27, Series L | 30,000 | 34,373 | ||||||
5.00%, 1/21/44 | 53,000 | 73,183 | ||||||
Bank of New York Mellon Corp. (The) |
| |||||||
2.50%, 4/15/21 | 122,000 | 123,877 | ||||||
2.05%, 5/3/21 | 39,000 | 39,502 | ||||||
Baxter International, Inc. | 25,000 | 25,339 | ||||||
Berkshire Hathaway Energy Co. |
| |||||||
3.75%, 11/15/23 | 44,000 | 48,408 | ||||||
6.13%, 4/1/36 | 151,000 | 218,411 | ||||||
3.80%, 7/15/48 | 47,000 | 54,748 | ||||||
Berkshire Hathaway Finance Corp. | 90,000 | 115,244 | ||||||
Berkshire Hathaway, Inc. |
| |||||||
2.20%, 3/15/21 | 39,000 | 39,470 | ||||||
2.75%, 3/15/23 | 125,000 | 132,429 | ||||||
BGC Partners, Inc. | 38,000 | 39,581 | ||||||
Biogen, Inc. |
| |||||||
3.63%, 9/15/22 | 36,000 | 38,265 | ||||||
5.20%, 9/15/45 | 43,000 | 56,466 | ||||||
Block Financial LLC | 46,000 | 49,051 | ||||||
Boardwalk Pipelines L.P. | 60,000 | 67,571 | ||||||
Boeing Co. (The) |
| |||||||
3.10%, 5/1/26 | 27,000 | 27,534 | ||||||
2.70%, 2/1/27 | 122,000 | 119,273 | ||||||
2.95%, 2/1/30 | 53,000 | 52,278 | ||||||
5.15%, 5/1/30 | 296,000 | 330,681 | ||||||
5.88%, 2/15/40 | 187,000 | 209,211 | ||||||
3.90%, 5/1/49 | 35,000 | 32,212 | ||||||
3.75%, 2/1/50 | 68,000 | 61,162 | ||||||
3.95%, 8/1/59(a) | 50,000 | 43,897 | ||||||
Booking Holdings, Inc. | 27,000 | 29,514 | ||||||
Boston Scientific Corp. |
| |||||||
3.38%, 5/15/22 | 69,000 | 72,134 | ||||||
4.00%, 3/1/29 | 50,000 | 57,253 | ||||||
4.70%, 3/1/49 | 36,000 | 46,007 | ||||||
Brighthouse Financial, Inc. | 84,000 | 85,711 | ||||||
Bristol-Myers Squibb Co. | 11,000 | 14,564 | ||||||
Broadcom Corp. |
| |||||||
3.13%, 1/15/25 | 78,000 | 83,370 | ||||||
3.88%, 1/15/27 | 40,000 | 43,261 | ||||||
Broadcom, Inc. |
| |||||||
3.46%, 9/15/26(b) | 16,000 | 17,182 | ||||||
4.11%, 9/15/28(b) | 94,000 | 102,590 | ||||||
Broadridge Financial Solutions, Inc. | 25,000 | 27,661 | ||||||
Burlington Northern Santa Fe LLC |
| |||||||
3.85%, 9/1/23 | 3,000 | 3,287 | ||||||
3.75%, 4/1/24 | 45,000 | 49,792 | ||||||
5.05%, 3/1/41 | 25,000 | 33,133 | ||||||
5.40%, 6/1/41 | 19,000 | 26,089 | ||||||
4.45%, 3/15/43 | 38,000 | 47,854 | ||||||
4.15%, 4/1/45 | 53,000 | 65,437 | ||||||
Capital One Financial Corp. |
| |||||||
4.75%, 7/15/21 | 124,000 | 129,325 | ||||||
3.20%, 2/5/25 | 63,000 | 67,729 | ||||||
3.75%, 7/28/26 | 74,000 | 80,924 | ||||||
3.80%, 1/31/28 | 45,000 | 50,132 | ||||||
Caterpillar Financial Services Corp. |
| |||||||
2.85%, 6/1/22 | 10,000 | 10,432 | ||||||
2.40%, 6/6/22 | 49,000 | 50,806 | ||||||
2.85%, 5/17/24 | 46,000 | 49,739 | ||||||
Chevron Corp. |
| |||||||
2.10%, 5/16/21 | 37,000 | 37,511 | ||||||
2.36%, 12/5/22 | 52,000 | 54,174 | ||||||
Chubb Corp. (The) | 18,000 | 27,741 | ||||||
Cigna Corp. |
| |||||||
3.40%, 9/17/21 | 49,000 | 50,640 | ||||||
4.50%, 2/25/26(b) | 54,000 | 62,864 | ||||||
4.38%, 10/15/28(a) | 63,000 | 74,611 | ||||||
4.80%, 7/15/46(b) | 12,000 | 15,103 | ||||||
3.88%, 10/15/47(b) | 68,000 | 78,151 | ||||||
Cimarex Energy Co. | 108,000 | 114,062 | ||||||
Cisco Systems, Inc. |
| |||||||
1.85%, 9/20/21 | 15,000 | 15,270 | ||||||
2.60%, 2/28/23 | 15,000 | 15,788 | ||||||
3.63%, 3/4/24(a) | 44,000 | 49,073 | ||||||
5.50%, 1/15/40 | 28,000 | 40,879 | ||||||
Citigroup, Inc. |
| |||||||
2.70%, 3/30/21 | 171,000 | 173,797 | ||||||
5.50%, 9/13/25 | 134,000 | 159,083 | ||||||
4.30%, 11/20/26 | 91,000 | 103,499 | ||||||
4.45%, 9/29/27(a) | 66,000 | 75,397 | ||||||
8.13%, 7/15/39 | 106,000 | 183,793 | ||||||
5.88%, 1/30/42 | 23,000 | 33,544 | ||||||
4.65%, 7/23/48 | 65,000 | 85,225 | ||||||
CNA Financial Corp. |
| |||||||
5.75%, 8/15/21 | 48,000 | 50,610 | ||||||
4.50%, 3/1/26 | 118,000 | 133,659 | ||||||
3.45%, 8/15/27 | 57,000 | 60,895 | ||||||
Coca-Cola Co. (The) | 32,000 | 35,587 | ||||||
Columbia Property Trust Operating Partnership L.P. | 209,000 | 220,849 | ||||||
Comcast Corp. |
| |||||||
3.00%, 2/1/24(a) | 60,000 | 64,571 | ||||||
3.38%, 2/15/25 | 59,000 | 65,909 | ||||||
3.38%, 8/15/25 | 10,000 | 11,147 | ||||||
See Notes to Financial Statements.
| 54 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree U.S. Corporate Bond Fund (WFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
3.15%, 2/15/28 | $ | 4,000 | $ | 4,470 | ||||
4.15%, 10/15/28 | 28,000 | 33,589 | ||||||
4.25%, 10/15/30 | 78,000 | 95,662 | ||||||
4.25%, 1/15/33(a) | 191,000 | 234,678 | ||||||
4.60%, 10/15/38 | 60,000 | 76,397 | ||||||
4.65%, 7/15/42 | 46,000 | 59,340 | ||||||
4.00%, 8/15/47 | 13,000 | 15,713 | ||||||
3.97%, 11/1/47 | 35,000 | 41,571 | ||||||
3.45%, 2/1/50(a) | 37,000 | 42,526 | ||||||
4.95%, 10/15/58 | 40,000 | 57,064 | ||||||
Commonwealth Edison Co. | 31,000 | 36,449 | ||||||
Conagra Brands, Inc. |
| |||||||
3.80%, 10/22/21 | 27,000 | 28,072 | ||||||
4.30%, 5/1/24 | 61,000 | 67,500 | ||||||
7.00%, 10/1/28 | 33,000 | 44,024 | ||||||
5.40%, 11/1/48 | 42,000 | 58,089 | ||||||
Connecticut Light & Power Co. (The) | 30,000 | 38,529 | ||||||
ConocoPhillips | 129,000 | 175,857 | ||||||
Consolidated Edison Co. of New York, Inc. |
| |||||||
6.75%, 4/1/38, Series 08-B | 35,000 | 52,086 | ||||||
4.20%, 3/15/42, Series 12-A | 40,000 | 48,199 | ||||||
3.95%, 3/1/43 | 37,000 | 42,894 | ||||||
4.50%, 12/1/45 | 34,000 | 42,040 | ||||||
3.85%, 6/15/46 | 25,000 | 28,798 | ||||||
4.50%, 5/15/58 | 5,000 | 6,357 | ||||||
3.70%, 11/15/59 | 38,000 | 42,533 | ||||||
Consolidated Edison, Inc. | 30,000 | 30,373 | ||||||
Constellation Brands, Inc. |
| |||||||
3.75%, 5/1/21 | 58,000 | 59,520 | ||||||
4.25%, 5/1/23 | 33,000 | 36,189 | ||||||
Corning, Inc. |
| |||||||
5.75%, 8/15/40 | 112,000 | 144,776 | ||||||
4.38%, 11/15/57 | 11,000 | 12,666 | ||||||
CSX Corp. |
| |||||||
3.80%, 3/1/28 | 50,000 | 57,528 | ||||||
6.00%, 10/1/36 | 7,000 | 9,566 | ||||||
6.15%, 5/1/37 | 32,000 | 44,431 | ||||||
3.80%, 11/1/46 | 41,000 | 47,929 | ||||||
4.25%, 11/1/66 | 30,000 | 36,480 | ||||||
Discover Financial Services |
| |||||||
3.85%, 11/21/22 | 32,000 | 33,921 | ||||||
3.95%, 11/6/24 | 128,000 | 140,135 | ||||||
Dominion Energy South Carolina, Inc. | 169,000 | 250,094 | ||||||
Dominion Energy, Inc. |
| |||||||
2.75%, 9/15/22, Series B | 47,000 | 48,718 | ||||||
4.90%, 8/1/41, Series C | 68,000 | 85,250 | ||||||
DTE Energy Co. |
| |||||||
3.50%, 6/1/24, Series C | 17,000 | 18,352 | ||||||
2.53%, 10/1/24, Series C | 114,000 | 119,431 | ||||||
2.85%, 10/1/26 | 57,000 | 60,620 | ||||||
Duke Energy Carolinas LLC |
| |||||||
3.95%, 11/15/28 | 35,000 | 41,645 | ||||||
3.95%, 3/15/48 | 40,000 | 49,438 | ||||||
Duke Energy Corp. |
| |||||||
2.40%, 8/15/22 | 32,000 | 33,213 | ||||||
3.05%, 8/15/22 | 107,000 | 111,449 | ||||||
3.75%, 9/1/46 | 41,000 | 46,517 | ||||||
Duke Energy Florida LLC | 13,000 | 16,424 | ||||||
Duke Energy Florida Project Finance LLC | 50,000 | 53,631 | ||||||
Duke Energy Ohio, Inc. | 36,000 | 41,960 | ||||||
Duke Energy Progress LLC |
| |||||||
3.45%, 3/15/29 | 63,000 | 72,373 | ||||||
3.70%, 10/15/46 | 37,000 | 43,332 | ||||||
DXC Technology Co. | 51,000 | 54,905 | ||||||
Eastman Chemical Co. |
| |||||||
3.60%, 8/15/22 | 10,000 | 10,443 | ||||||
4.80%, 9/1/42 | 69,000 | 80,746 | ||||||
4.65%, 10/15/44 | 70,000 | 80,583 | ||||||
Eaton Corp. | 56,000 | 66,298 | ||||||
eBay, Inc. |
| |||||||
3.80%, 3/9/22 | 87,000 | 91,406 | ||||||
4.00%, 7/15/42 | 12,000 | 13,080 | ||||||
Electronic Arts, Inc. | 37,000 | 37,698 | ||||||
Enterprise Products Operating LLC | 252,000 | 262,980 | ||||||
Equitable Holdings, Inc. | 80,000 | 89,996 | ||||||
Essential Utilities, Inc. | 32,000 | 38,413 | ||||||
Essex Portfolio L.P. |
| |||||||
3.50%, 4/1/25(a) | 65,000 | 70,953 | ||||||
3.00%, 1/15/30 | 82,000 | 89,527 | ||||||
2.65%, 3/15/32 | 25,000 | 26,447 | ||||||
Evergy, Inc. |
| |||||||
2.45%, 9/15/24 | 106,000 | 112,090 | ||||||
2.90%, 9/15/29 | 30,000 | 32,095 | ||||||
Exelon Corp. |
| |||||||
3.50%, 6/1/22 | 144,000 | 150,745 | ||||||
3.40%, 4/15/26 | 71,000 | 79,127 | ||||||
4.45%, 4/15/46 | 40,000 | 48,713 | ||||||
Exelon Generation Co. LLC | 34,000 | 38,800 | ||||||
Expedia Group, Inc. | 229,000 | 219,486 | ||||||
Exxon Mobil Corp. |
| |||||||
2.40%, 3/6/22 | 13,000 | 13,405 | ||||||
2.71%, 3/6/25(a) | 77,000 | 82,692 | ||||||
3.48%, 3/19/30 | 167,000 | 190,445 | ||||||
Fidelity National Financial, Inc. | 75,000 | 84,538 | ||||||
Fifth Third Bancorp |
| |||||||
2.60%, 6/15/22 | 15,000 | 15,559 | ||||||
3.95%, 3/14/28 | 27,000 | 31,545 | ||||||
8.25%, 3/1/38 | 50,000 | 81,196 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 55 |
Schedule of Investments (continued)
WisdomTree U.S. Corporate Bond Fund (WFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Fiserv, Inc. |
| |||||||
3.80%, 10/1/23 | $ | 33,000 | $ | 36,078 | ||||
2.75%, 7/1/24 | 51,000 | 54,412 | ||||||
4.40%, 7/1/49 | 40,000 | 48,896 | ||||||
Florida Power & Light Co. | 11,000 | 14,334 | ||||||
Fortive Corp. | 37,000 | 37,470 | ||||||
Fox Corp. | 74,000 | 82,804 | ||||||
General Dynamics Corp. | 60,000 | 64,902 | ||||||
General Mills, Inc. |
| |||||||
3.20%, 4/16/21 | 36,000 | 36,778 | ||||||
4.00%, 4/17/25(a) | 35,000 | 39,557 | ||||||
4.20%, 4/17/28 | 18,000 | 21,321 | ||||||
Gilead Sciences, Inc. |
| |||||||
4.40%, 12/1/21 | 18,000 | 18,849 | ||||||
3.70%, 4/1/24 | 10,000 | 11,068 | ||||||
4.60%, 9/1/35 | 10,000 | 13,152 | ||||||
4.80%, 4/1/44 | 16,000 | 21,671 | ||||||
4.50%, 2/1/45 | 52,000 | 67,725 | ||||||
4.75%, 3/1/46 | 53,000 | 71,746 | ||||||
4.15%, 3/1/47 | 8,000 | 10,193 | ||||||
Global Payments, Inc. | 37,000 | 37,673 | ||||||
Hartford Financial Services Group, Inc. (The) | 32,000 | 45,077 | ||||||
Healthcare Trust of America Holdings L.P. | 64,000 | 67,633 | ||||||
Healthpeak Properties, Inc. |
| |||||||
4.00%, 6/1/25 | 18,000 | 19,957 | ||||||
3.50%, 7/15/29 | 45,000 | 49,084 | ||||||
3.00%, 1/15/30 | 47,000 | 49,168 | ||||||
Hershey Co. (The) | 82,000 | 84,036 | ||||||
Hewlett Packard Enterprise Co. | 135,000 | 139,314 | ||||||
Home Depot, Inc. (The) |
| |||||||
2.13%, 9/15/26 | 23,000 | 24,726 | ||||||
2.95%, 6/15/29 | 37,000 | 41,642 | ||||||
4.88%, 2/15/44 | 34,000 | 46,423 | ||||||
4.40%, 3/15/45 | 63,000 | 80,480 | ||||||
4.50%, 12/6/48 | 9,000 | 12,107 | ||||||
Honeywell International, Inc. | 4,000 | 5,786 | ||||||
HP, Inc. | 25,000 | 29,349 | ||||||
Humana, Inc. | 53,000 | 57,539 | ||||||
Huntington Bancshares, Inc. |
| |||||||
3.15%, 3/14/21 | 39,000 | 39,652 | ||||||
2.30%, 1/14/22 | 51,000 | 52,358 | ||||||
Hyatt Hotels Corp. | 2,000 | 2,019 | ||||||
Illinois Tool Works, Inc. | 30,000 | 37,224 | ||||||
Indiana Michigan Power Co. | 110,000 | 139,857 | ||||||
Intel Corp. |
| |||||||
3.30%, 10/1/21 | 14,000 | 14,537 | ||||||
3.10%, 7/29/22 | 10,000 | 10,581 | ||||||
2.70%, 12/15/22 | 123,000 | 130,341 | ||||||
2.88%, 5/11/24 | 3,000 | 3,252 | ||||||
Intercontinental Exchange, Inc. | 149,000 | 155,080 | ||||||
International Business Machines Corp. |
| |||||||
3.50%, 5/15/29 | 100,000 | 115,433 | ||||||
4.00%, 6/20/42 | 24,000 | 28,953 | ||||||
International Paper Co. |
| |||||||
3.80%, 1/15/26 | 35,000 | 39,534 | ||||||
4.80%, 6/15/44 | 54,000 | 64,501 | ||||||
5.15%, 5/15/46 | 41,000 | 51,741 | ||||||
4.40%, 8/15/47 | 46,000 | 54,289 | ||||||
4.35%, 8/15/48 | 15,000 | 17,729 | ||||||
Interpublic Group of Cos., Inc. (The) |
| |||||||
4.65%, 10/1/28 | 22,000 | 25,606 | ||||||
5.40%, 10/1/48 | 103,000 | 113,717 | ||||||
Johnson & Johnson |
| |||||||
2.90%, 1/15/28 | 30,000 | 33,747 | ||||||
4.38%, 12/5/33 | 26,000 | 34,479 | ||||||
3.40%, 1/15/38 | 32,000 | 38,034 | ||||||
3.70%, 3/1/46 | 26,000 | 32,564 | ||||||
JPMorgan Chase & Co. |
| |||||||
2.55%, 3/1/21 | 141,000 | 142,769 | ||||||
4.35%, 8/15/21 | 62,000 | 64,717 | ||||||
2.97%, 1/15/23 | 100,000 | 103,570 | ||||||
3.38%, 5/1/23 | 60,000 | 64,221 | ||||||
6.40%, 5/15/38 | 61,000 | 94,029 | ||||||
5.63%, 8/16/43 | 16,000 | 23,300 | ||||||
4.85%, 2/1/44 | 73,000 | 99,803 | ||||||
4.95%, 6/1/45 | 16,000 | 21,559 | ||||||
KeyCorp | 39,000 | 40,306 | ||||||
Kimco Realty Corp. | 21,000 | 21,428 | ||||||
Kroger Co. (The) |
| |||||||
4.00%, 2/1/24(a) | 50,000 | 55,235 | ||||||
2.65%, 10/15/26 | 44,000 | 47,887 | ||||||
3.70%, 8/1/27(a) | 17,000 | 19,445 | ||||||
5.15%, 8/1/43 | 2,000 | 2,552 | ||||||
4.45%, 2/1/47 | 52,000 | 63,955 | ||||||
Laboratory Corp. of America Holdings |
| |||||||
3.20%, 2/1/22 | 14,000 | 14,525 | ||||||
4.70%, 2/1/45 | 45,000 | 54,903 | ||||||
Lam Research Corp. |
| |||||||
2.80%, 6/15/21 | 71,000 | 72,596 | ||||||
3.80%, 3/15/25 | 74,000 | 83,348 | ||||||
Las Vegas Sands Corp. |
| |||||||
3.20%, 8/8/24 | 50,000 | 49,856 | ||||||
2.90%, 6/25/25 | 50,000 | 48,621 | ||||||
Lincoln National Corp. | 25,000 | 27,756 | ||||||
See Notes to Financial Statements.
| 56 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree U.S. Corporate Bond Fund (WFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Lockheed Martin Corp. |
| |||||||
4.50%, 5/15/36(a) | $ | 31,000 | $ | 40,352 | ||||
4.70%, 5/15/46 | 40,000 | 54,713 | ||||||
Lowe’s Cos., Inc. |
| |||||||
3.80%, 11/15/21 | 69,000 | 71,800 | ||||||
3.12%, 4/15/22 | 18,000 | 18,736 | ||||||
4.38%, 9/15/45 | 56,000 | 67,659 | ||||||
4.05%, 5/3/47(a) | 44,000 | 51,951 | ||||||
4.55%, 4/5/49 | 15,000 | 18,910 | ||||||
Magellan Midstream Partners L.P. |
| |||||||
5.15%, 10/15/43(a) | 9,000 | 10,009 | ||||||
4.20%, 10/3/47 | 70,000 | 71,500 | ||||||
Marathon Petroleum Corp. |
| |||||||
5.13%, 3/1/21 | 38,000 | 39,062 | ||||||
4.75%, 12/15/23 | 14,000 | 15,380 | ||||||
3.63%, 9/15/24 | 33,000 | 35,225 | ||||||
6.50%, 3/1/41 | 112,000 | 138,800 | ||||||
Markel Corp. | 28,000 | 34,645 | ||||||
Marriott International, Inc. |
| |||||||
2.88%, 3/1/21 | 38,000 | 38,192 | ||||||
2.30%, 1/15/22 | 20,000 | 19,849 | ||||||
3.25%, 9/15/22 | 42,000 | 42,123 | ||||||
Marsh & McLennan Cos., Inc. | 64,000 | 70,882 | ||||||
McDonald’s Corp. |
| |||||||
2.63%, 1/15/22 | 4,000 | 4,135 | ||||||
3.50%, 3/1/27(a) | 27,000 | 30,597 | ||||||
3.80%, 4/1/28 | 29,000 | 33,928 | ||||||
2.63%, 9/1/29 | 33,000 | 35,404 | ||||||
6.30%, 3/1/38 | 32,000 | 46,881 | ||||||
4.88%, 12/9/45 | 38,000 | 48,781 | ||||||
3.63%, 9/1/49 | 14,000 | 15,432 | ||||||
McKesson Corp. | 69,000 | 75,720 | ||||||
Medtronic, Inc. | 62,000 | 65,023 | ||||||
Merck & Co., Inc. |
| |||||||
2.80%, 5/18/23 | 37,000 | 39,441 | ||||||
3.40%, 3/7/29(a) | 31,000 | 35,796 | ||||||
3.60%, 9/15/42 | 16,000 | 19,105 | ||||||
3.70%, 2/10/45 | 28,000 | 33,496 | ||||||
4.00%, 3/7/49 | 23,000 | 29,570 | ||||||
MetLife, Inc. | 132,000 | 156,136 | ||||||
Micron Technology, Inc. | 78,000 | 93,444 | ||||||
Microsoft Corp. |
| |||||||
2.65%, 11/3/22 | 38,000 | 39,976 | ||||||
2.00%, 8/8/23 | 30,000 | 31,436 | ||||||
3.63%, 12/15/23 | 25,000 | 27,625 | ||||||
2.88%, 2/6/24 | 37,000 | 39,903 | ||||||
2.40%, 8/8/26 | 35,000 | 38,232 | ||||||
4.10%, 2/6/37 | 29,000 | 37,486 | ||||||
2.53%, 6/1/50 | 58,000 | 60,811 | ||||||
MidAmerican Energy Co. | 40,000 | 47,552 | ||||||
Molson Coors Beverage Co. | 68,000 | 70,801 | ||||||
Morgan Stanley |
| |||||||
2.50%, 4/21/21 | 32,000 | 32,538 | ||||||
2.63%, 11/17/21 | 81,000 | 83,280 | ||||||
2.75%, 5/19/22 | 40,000 | 41,597 | ||||||
4.88%, 11/1/22 | 48,000 | 52,239 | ||||||
4.10%, 5/22/23 | 34,000 | 36,760 | ||||||
3.88%, 4/29/24, Series F | 33,000 | 36,510 | ||||||
3.70%, 10/23/24 | 29,000 | 32,177 | ||||||
3.13%, 7/27/26 | 85,000 | 93,774 | ||||||
3.95%, 4/23/27 | 44,000 | 49,566 | ||||||
7.25%, 4/1/32 | 34,000 | 51,209 | ||||||
6.38%, 7/24/42 | 31,000 | 48,424 | ||||||
4.30%, 1/27/45 | 66,000 | 83,197 | ||||||
Motorola Solutions, Inc. | 50,000 | 57,742 | ||||||
MPLX L.P. |
| |||||||
4.50%, 7/15/23 | 11,000 | 11,830 | ||||||
4.88%, 6/1/25(a) | 150,000 | 167,618 | ||||||
4.13%, 3/1/27 | 37,000 | 39,447 | ||||||
5.50%, 2/15/49(a) | 85,000 | 94,340 | ||||||
National Fuel Gas Co. | 30,000 | 30,598 | ||||||
NBCUniversal Media LLC | 24,000 | 35,717 | ||||||
Newmont Corp. |
| |||||||
3.63%, 6/9/21 | 38,000 | 38,802 | ||||||
6.25%, 10/1/39 | 53,000 | 76,227 | ||||||
NextEra Energy Capital Holdings, Inc. |
| |||||||
2.40%, 9/1/21 | 39,000 | 39,890 | ||||||
2.90%, 4/1/22 | 85,000 | 88,498 | ||||||
NIKE, Inc. | 39,000 | 43,802 | ||||||
Norfolk Southern Corp. |
| |||||||
4.15%, 2/28/48(a) | 31,000 | 37,986 | ||||||
5.10%, 8/1/2118 | 12,000 | 15,251 | ||||||
Northrop Grumman Corp. |
| |||||||
3.50%, 3/15/21 | 70,000 | 71,499 | ||||||
3.25%, 8/1/23 | 8,000 | 8,646 | ||||||
3.25%, 1/15/28(a) | 50,000 | 55,954 | ||||||
NSTAR Electric Co. | 71,000 | 79,885 | ||||||
NVIDIA Corp. |
| |||||||
2.20%, 9/16/21 | 24,000 | 24,482 | ||||||
3.20%, 9/16/26 | 45,000 | 51,042 | ||||||
NVR, Inc. | 18,000 | 19,175 | ||||||
O’Reilly Automotive, Inc. | 6,000 | 6,753 | ||||||
Occidental Petroleum Corp. | 12,000 | 8,460 | ||||||
Omega Healthcare Investors, Inc. |
| |||||||
4.38%, 8/1/23 | 47,000 | 48,843 | ||||||
4.50%, 4/1/27 | 34,000 | 35,671 | ||||||
4.75%, 1/15/28 | 5,000 | 5,299 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 57 |
Schedule of Investments (continued)
WisdomTree U.S. Corporate Bond Fund (WFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Omnicom Group, Inc. | $ | 57,000 | $ | 60,115 | ||||
ONE Gas, Inc. | 4,000 | 5,011 | ||||||
Oracle Corp. |
| |||||||
2.50%, 10/15/22 | 98,000 | 102,541 | ||||||
4.30%, 7/8/34 | 74,000 | 91,867 | ||||||
3.85%, 7/15/36(a) | 40,000 | 46,734 | ||||||
5.38%, 7/15/40 | 236,000 | 324,614 | ||||||
Owens Corning |
| |||||||
3.40%, 8/15/26 | 79,000 | 82,554 | ||||||
4.30%, 7/15/47 | 7,000 | 7,134 | ||||||
PacifiCorp | 20,000 | 29,400 | ||||||
Parker-Hannifin Corp. |
| |||||||
3.25%, 3/1/27 | 67,000 | 73,015 | ||||||
4.45%, 11/21/44 | 61,000 | 73,074 | ||||||
PayPal Holdings, Inc. | 37,000 | 39,317 | ||||||
PepsiCo, Inc. | 10,000 | 11,064 | ||||||
Pfizer, Inc. |
| |||||||
2.80%, 3/11/22 | 142,000 | 147,929 | ||||||
3.20%, 9/15/23 | 27,000 | 29,140 | ||||||
4.10%, 9/15/38 | 80,000 | 99,515 | ||||||
Philip Morris International, Inc. |
| |||||||
2.38%, 8/17/22 | 117,000 | 121,542 | ||||||
2.88%, 5/1/24 | 5,000 | 5,377 | ||||||
2.75%, 2/25/26 | 40,000 | 43,648 | ||||||
3.13%, 8/17/27 | 20,000 | 22,194 | ||||||
4.38%, 11/15/41 | 50,000 | 61,239 | ||||||
4.50%, 3/20/42 | 40,000 | 48,602 | ||||||
Phillips 66 | 82,000 | 86,954 | ||||||
Phillips 66 Partners L.P. | 40,000 | 43,408 | ||||||
Pioneer Natural Resources Co. |
| |||||||
3.95%, 7/15/22(a) | 85,000 | 88,480 | ||||||
4.45%, 1/15/26 | 39,000 | 45,189 | ||||||
Praxair, Inc. | 126,000 | 129,336 | ||||||
Precision Castparts Corp. | 45,000 | 49,935 | ||||||
Principal Financial Group, Inc. | 40,000 | 43,923 | ||||||
Progress Energy, Inc. | 62,000 | 84,194 | ||||||
Prudential Financial, Inc. |
| |||||||
3.91%, 12/7/47 | 102,000 | 116,176 | ||||||
3.94%, 12/7/49 | 56,000 | 63,856 | ||||||
3.70%, 3/13/51 | 63,000 | 69,212 | ||||||
PSEG Power LLC | 35,000 | 35,715 | ||||||
Public Service Electric & Gas Co. | 62,000 | 72,250 | ||||||
Quest Diagnostics, Inc. |
| |||||||
4.70%, 4/1/21 | 36,000 | 37,088 | ||||||
2.95%, 6/30/30 | 39,000 | 41,232 | ||||||
Raytheon Technologies Corp. |
| |||||||
3.65%, 8/16/23 | 32,000 | 34,695 | ||||||
3.95%, 8/16/25 | 30,000 | 34,159 | ||||||
3.50%, 3/15/27(b) | 8,000 | 9,015 | ||||||
6.05%, 6/1/36 | 30,000 | 42,532 | ||||||
4.50%, 6/1/42 | 72,000 | 89,868 | ||||||
4.15%, 5/15/45 | 51,000 | 61,330 | ||||||
4.63%, 11/16/48(a) | 35,000 | 45,518 | ||||||
Realty Income Corp. | 72,000 | 79,541 | ||||||
Reliance Steel & Aluminum Co. | 31,000 | 33,260 | ||||||
Republic Services, Inc. |
| |||||||
3.55%, 6/1/22 | 86,000 | 90,383 | ||||||
3.20%, 3/15/25 | 3,000 | 3,291 | ||||||
Reynolds American, Inc. |
| |||||||
4.00%, 6/12/22 | 60,000 | 63,419 | ||||||
4.45%, 6/12/25 | 150,000 | 169,120 | ||||||
5.70%, 8/15/35 | 109,000 | 134,200 | ||||||
5.85%, 8/15/45 | 119,000 | 146,684 | ||||||
Roper Technologies, Inc. | 78,000 | 91,531 | ||||||
Santander Holdings USA, Inc. |
| |||||||
3.70%, 3/28/22 | 19,000 | 19,572 | ||||||
3.24%, 10/5/26 | 50,000 | 52,018 | ||||||
4.40%, 7/13/27(a) | 161,000 | 174,584 | ||||||
Sherwin-Williams Co. (The) |
| |||||||
3.45%, 8/1/25 | 37,000 | 40,868 | ||||||
4.50%, 6/1/47 | 32,000 | 39,020 | ||||||
3.80%, 8/15/49 | 28,000 | 30,666 | ||||||
Southern Co. (The) |
| |||||||
2.35%, 7/1/21 | 35,000 | 35,601 | ||||||
4.25%, 7/1/36 | 207,000 | 236,323 | ||||||
4.40%, 7/1/46 | 102,000 | 121,436 | ||||||
Southern Power Co. | 7,000 | 8,007 | ||||||
Stanley Black & Decker, Inc. |
| |||||||
3.40%, 12/1/21 | 23,000 | 23,762 | ||||||
4.25%, 11/15/28 | 57,000 | 68,119 | ||||||
Starbucks Corp. |
| |||||||
3.80%, 8/15/25 | 102,000 | 115,033 | ||||||
4.00%, 11/15/28 | 50,000 | 58,595 | ||||||
4.50%, 11/15/48 | 103,000 | 121,607 | ||||||
State Street Corp. |
| |||||||
3.10%, 5/15/23 | 21,000 | 22,589 | ||||||
3.30%, 12/16/24(a) | 36,000 | 40,117 | ||||||
2.65%, 5/19/26 | 50,000 | 54,948 | ||||||
Steel Dynamics, Inc. | 46,000 | 48,704 | ||||||
Stryker Corp. |
| |||||||
2.63%, 3/15/21 | 37,000 | 37,527 | ||||||
4.63%, 3/15/46 | 52,000 | 66,926 | ||||||
Synchrony Financial |
| |||||||
3.75%, 8/15/21 | 14,000 | 14,320 | ||||||
See Notes to Financial Statements.
| 58 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree U.S. Corporate Bond Fund (WFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
2.85%, 7/25/22 | $ | 12,000 | $ | 12,210 | ||||
4.38%, 3/19/24 | 33,000 | 34,559 | ||||||
3.95%, 12/1/27 | 40,000 | 41,837 | ||||||
Sysco Corp. | 66,000 | 83,060 | ||||||
Target Corp. |
| |||||||
2.50%, 4/15/26(a) | 37,000 | 40,691 | ||||||
3.38%, 4/15/29(a) | 56,000 | 64,707 | ||||||
Textron, Inc. | 43,000 | 45,872 | ||||||
Thermo Fisher Scientific, Inc. | 60,000 | 63,604 | ||||||
Toyota Motor Credit Corp. |
| |||||||
2.95%, 4/13/21 | 10,000 | 10,194 | ||||||
2.65%, 4/12/22 | 10,000 | 10,365 | ||||||
2.70%, 1/11/23 | 97,000 | 101,986 | ||||||
Travelers Cos., Inc. (The) | 29,000 | 43,828 | ||||||
Truist Financial Corp. |
| |||||||
2.05%, 5/10/21 | 65,000 | 65,841 | ||||||
2.75%, 4/1/22 | 23,000 | 23,850 | ||||||
3.05%, 6/20/22 | 228,000 | 238,385 | ||||||
4.00%, 5/1/25 | 125,000 | 142,124 | ||||||
3.70%, 6/5/25 | 39,000 | 44,178 | ||||||
TWDC Enterprises 18 Corp. |
| |||||||
2.45%, 3/4/22 | 149,000 | 153,615 | ||||||
3.00%, 2/13/26 | 55,000 | 60,695 | ||||||
7.00%, 3/1/32, Series B(a) | 35,000 | 51,894 | ||||||
Tyson Foods, Inc. |
| |||||||
2.25%, 8/23/21 | 141,000 | 143,227 | ||||||
4.50%, 6/15/22 | 54,000 | 57,602 | ||||||
3.95%, 8/15/24(a) | 18,000 | 19,952 | ||||||
4.88%, 8/15/34 | 12,000 | 15,292 | ||||||
U.S. Bancorp |
| |||||||
4.13%, 5/24/21 | 39,000 | 40,205 | ||||||
3.00%, 7/30/29 | 126,000 | 137,078 | ||||||
Union Pacific Corp. |
| |||||||
3.75%, 3/15/24 | 10,000 | 11,034 | ||||||
3.95%, 9/10/28 | 81,000 | 96,305 | ||||||
4.00%, 4/15/47 | 81,000 | 97,904 | ||||||
4.50%, 9/10/48 | 48,000 | 61,995 | ||||||
4.30%, 3/1/49 | 15,000 | 19,214 | ||||||
United Parcel Service, Inc. |
| |||||||
2.05%, 4/1/21 | 36,000 | 36,467 | ||||||
2.35%, 5/16/22 | 176,000 | 182,078 | ||||||
6.20%, 1/15/38 | 46,000 | 69,251 | ||||||
UnitedHealth Group, Inc. |
| |||||||
3.15%, 6/15/21 | 75,000 | 77,050 | ||||||
2.88%, 12/15/21 | 25,000 | 25,928 | ||||||
3.35%, 7/15/22 | 107,000 | 113,612 | ||||||
2.75%, 2/15/23 | 26,000 | 27,428 | ||||||
2.88%, 3/15/23 | 39,000 | 41,594 | ||||||
3.75%, 7/15/25(a) | 49,000 | 55,866 | ||||||
3.38%, 4/15/27 | 70,000 | 79,909 | ||||||
4.63%, 7/15/35(a) | 27,000 | 35,406 | ||||||
3.50%, 8/15/39 | 57,000 | 66,375 | ||||||
4.25%, 4/15/47 | 31,000 | 39,944 | ||||||
4.25%, 6/15/48 | 38,000 | 48,659 | ||||||
Unum Group | 19,000 | 20,192 | ||||||
Valero Energy Corp. |
| |||||||
3.40%, 9/15/26 | 64,000 | 70,106 | ||||||
6.63%, 6/15/37 | 98,000 | 130,468 | ||||||
Verizon Communications, Inc. |
| |||||||
3.45%, 3/15/21 | 45,000 | 45,911 | ||||||
5.15%, 9/15/23 | 6,000 | 6,836 | ||||||
3.50%, 11/1/24 | 88,000 | 97,459 | ||||||
4.02%, 12/3/29 | 77,000 | 92,009 | ||||||
4.50%, 8/10/33 | 213,000 | 265,597 | ||||||
4.40%, 11/1/34 | 49,000 | 61,077 | ||||||
4.81%, 3/15/39 | 89,000 | 116,412 | ||||||
3.85%, 11/1/42 | 59,000 | 72,054 | ||||||
5.01%, 4/15/49 | 20,000 | 27,967 | ||||||
ViacomCBS, Inc. |
| |||||||
3.70%, 8/15/24 | 151,000 | 164,130 | ||||||
3.50%, 1/15/25 | 28,000 | 30,550 | ||||||
4.00%, 1/15/26 | 28,000 | 31,369 | ||||||
2.90%, 1/15/27 | 46,000 | 48,357 | ||||||
3.38%, 2/15/28 | 23,000 | 24,458 | ||||||
7.88%, 7/30/30 | 58,000 | 83,887 | ||||||
6.88%, 4/30/36 | 50,000 | 67,903 | ||||||
4.60%, 1/15/45 | 11,000 | 11,681 | ||||||
Virginia Electric & Power Co. | 50,000 | 58,073 | ||||||
Walgreens Boots Alliance, Inc. | 153,000 | 166,278 | ||||||
Walmart, Inc. |
| |||||||
5.25%, 9/1/35 | 33,000 | 48,102 | ||||||
3.95%, 6/28/38 | 78,000 | 99,226 | ||||||
4.05%, 6/29/48 | 6,000 | 7,909 | ||||||
Walt Disney Co. (The) |
| |||||||
2.00%, 9/1/29 | 47,000 | 47,933 | ||||||
3.50%, 5/13/40 | 122,000 | 133,722 | ||||||
5.40%, 10/1/43 | 43,000 | 58,517 | ||||||
Waste Management, Inc. |
| |||||||
4.60%, 3/1/21 | 33,000 | 33,583 | ||||||
2.90%, 9/15/22 | 33,000 | 34,511 | ||||||
3.13%, 3/1/25 | 37,000 | 40,430 | ||||||
3.90%, 3/1/35 | 2,000 | 2,372 | ||||||
Wells Fargo & Co. |
| |||||||
4.60%, 4/1/21 | 126,000 | 129,908 | ||||||
2.10%, 7/26/21 | 34,000 | 34,599 | ||||||
3.07%, 1/24/23 | 38,000 | 39,385 | ||||||
3.45%, 2/13/23, Series M | 94,000 | 99,855 | ||||||
4.13%, 8/15/23 | 55,000 | 59,802 | ||||||
3.00%, 2/19/25 | 39,000 | 42,133 | ||||||
3.55%, 9/29/25 | 84,000 | 93,874 | ||||||
4.30%, 7/22/27 | 45,000 | 51,691 | ||||||
5.38%, 11/2/43 | 64,000 | 86,978 | ||||||
5.61%, 1/15/44 | 176,000 | 243,110 | ||||||
4.75%, 12/7/46 | 20,000 | 25,674 | ||||||
Western Union Co. (The) | 75,000 | 78,245 | ||||||
WestRock RKT LLC | 35,000 | 37,358 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 59 |
Schedule of Investments (concluded)
WisdomTree U.S. Corporate Bond Fund (WFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Weyerhaeuser Co. | $ | 37,000 | $ | 51,247 | ||||
Wisconsin Power and Light Co. | 62,000 | 68,915 | ||||||
WRKCo, Inc. |
| |||||||
3.75%, 3/15/25 | 124,000 | 137,249 | ||||||
3.38%, 9/15/27 | 42,000 | 45,206 | ||||||
4.90%, 3/15/29 | 37,000 | 44,314 | ||||||
Wyeth LLC |
| |||||||
6.50%, 2/1/34 | 37,000 | 57,697 | ||||||
5.95%, 4/1/37 | 16,000 | 23,387 | ||||||
Xilinx, Inc. | 10,000 | 10,163 | ||||||
Xylem, Inc. | 36,000 | 38,954 | ||||||
Zoetis, Inc. |
| |||||||
3.00%, 9/12/27 | 38,000 | 41,996 | ||||||
3.90%, 8/20/28 | 45,000 | 53,071 | ||||||
4.45%, 8/20/48 | 42,000 | 54,335 | ||||||
| TOTAL U.S. CORPORATE BONDS (Cost: $35,067,281) |
| 36,106,325 | ||||||
| FOREIGN CORPORATE BONDS – 1.3% |
| |||||||
| Canada – 0.1% |
| |||||||
Barrick North America Finance LLC | 33,000 | 46,754 | ||||||
| Switzerland – 0.3% |
| |||||||
Novartis Capital Corp. |
| |||||||
2.40%, 5/17/22 | 12,000 | 12,455 | ||||||
3.40%, 5/6/24 | 48,000 | 52,838 | ||||||
3.00%, 11/20/25 | 33,000 | 36,677 | ||||||
|
| |||||||
| Total Switzerland |
| 101,970 | ||||||
| United Kingdom – 0.9% |
| |||||||
BAT Capital Corp. |
| |||||||
4.54%, 8/15/47 | 22,000 | 23,925 | ||||||
4.76%, 9/6/49 | 54,000 | 60,157 | ||||||
Diageo Investment Corp. | 25,000 | 31,240 | ||||||
GlaxoSmithKline Capital, Inc. |
| |||||||
2.80%, 3/18/23 | 10,000 | 10,593 | ||||||
3.88%, 5/15/28 | 12,000 | 14,147 | ||||||
6.38%, 5/15/38 | 90,000 | 136,740 | ||||||
Mead Johnson Nutrition Co. | 19,000 | 24,276 | ||||||
RELX Capital, Inc. | 17,000 | 19,772 | ||||||
|
| |||||||
| Total United Kingdom |
| 320,850 | ||||||
TOTAL FOREIGN CORPORATE BONDS (Cost: $457,441) |
| 469,574 | ||||||
| U.S. GOVERNMENT OBLIGATIONS – 0.1% |
| |||||||
| U.S. Treasury Notes – 0.1% |
| |||||||
2.25%, 2/15/27 | 10,000 | 11,173 | ||||||
2.38%, 11/15/49 | 14,000 | 17,297 | ||||||
TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $24,990) |
| 28,470 | ||||||
| Shares | ||||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.9% |
| |||||||
| United States – 5.9% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.13%(c) | ||||||||
| (Cost: $2,256,163) | 2,256,163 | 2,256,163 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 102.1% (Cost: $37,805,875) |
| 38,860,532 | ||||||
Other Assets less Liabilities – (2.1)% |
| (783,287 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 38,077,245 | |||||
| (a) | Security, or portion thereof, was on loan at June 30, 2020 (See Note 2). At June 30, 2020, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,243,324 and the total market value of the collateral held by the Fund was $2,310,359. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $54,196. |
| (b) | This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
| (c) | Rate shown represents annualized 7-day yield as of June 30, 2020. |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Corporate Bonds | $ | — | $ | 36,106,325 | $ | — | $ | 36,106,325 | ||||||||
Foreign Corporate Bonds | — | 469,574 | — | 469,574 | ||||||||||||
U.S. Government Obligations | — | 28,470 | — | 28,470 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 2,256,163 | — | 2,256,163 | ||||||||||||
Total Investments in Securities | $ | — | $ | 38,860,532 | $ | — | $ | 38,860,532 | ||||||||
See Notes to Financial Statements.
| 60 | WisdomTree Trust |
Schedule of Investments
WisdomTree U.S. High Yield Corporate Bond Fund (WFHY)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
| U.S. CORPORATE BONDS – 97.4% |
| |||||||
| United States – 97.4% |
| |||||||
Acadia Healthcare Co., Inc. | $ | 150,000 | $ | 150,443 | ||||
ADT Security Corp. (The) |
| |||||||
6.25%, 10/15/21 | 168,000 | 172,582 | ||||||
4.13%, 6/15/23 | 98,000 | 98,500 | ||||||
4.88%, 7/15/32(a) | 277,000 | 252,944 | ||||||
AECOM |
| |||||||
5.88%, 10/15/24 | 30,000 | 32,478 | ||||||
5.13%, 3/15/27 | 300,000 | 323,568 | ||||||
AES Corp. (The) |
| |||||||
5.50%, 4/15/25 | 50,000 | 51,471 | ||||||
6.00%, 5/15/26 | 33,000 | 34,355 | ||||||
Allison Transmission, Inc. | 150,000 | 156,436 | ||||||
Ally Financial, Inc. | 28,000 | 29,995 | ||||||
AMC Networks, Inc. |
| |||||||
5.00%, 4/1/24 | 146,000 | 144,996 | ||||||
4.75%, 8/1/25 | 350,000 | 345,382 | ||||||
American Axle & Manufacturing, Inc. | 269,000 | 264,886 | ||||||
AmeriGas Partners L.P. | 125,000 | 132,551 | ||||||
Amkor Technology, Inc. | 277,000 | 297,134 | ||||||
Antero Midstream Partners L.P. | 75,000 | 59,440 | ||||||
Antero Resources Corp. | 300,000 | 278,496 | ||||||
Aramark Services, Inc. |
| |||||||
6.38%, 5/1/25(a) | 100,000 | 103,451 | ||||||
4.75%, 6/1/26 | 272,000 | 262,590 | ||||||
Ashland LLC | 17,000 | 17,967 | ||||||
B&G Foods, Inc. |
| |||||||
5.25%, 4/1/25 | 283,000 | 285,405 | ||||||
5.25%, 9/15/27 | 296,000 | 297,018 | ||||||
Ball Corp. | 242,000 | 265,318 | ||||||
Bausch Health Americas, Inc. | 297,000 | 322,601 | ||||||
Beacon Roofing Supply, Inc. | 314,000 | 281,083 | ||||||
Berry Global, Inc. |
| |||||||
5.13%, 7/15/23(b) | 100,000 | 100,937 | ||||||
4.50%, 2/15/26(a)(b) | 200,000 | 197,497 | ||||||
Boyd Gaming Corp. | 350,000 | 333,161 | ||||||
Brink’s Co. (The) | 50,000 | 48,145 | ||||||
Brookfield Property REIT, Inc. | 244,000 | 206,751 | ||||||
CCO Holdings LLC |
| |||||||
5.38%, 5/1/25(a) | 50,000 | 51,380 | ||||||
5.13%, 5/1/27(a)(b) | 248,000 | 256,940 | ||||||
5.00%, 2/1/28(a) | 230,000 | 237,705 | ||||||
5.38%, 6/1/29(a) | 100,000 | 105,614 | ||||||
4.75%, 3/1/30(a) | 266,000 | 272,576 | ||||||
4.50%, 8/15/30(a) | 250,000 | 255,914 | ||||||
4.50%, 5/1/32(a) | 25,000 | 25,344 | ||||||
CDK Global, Inc. |
| |||||||
5.00%, 10/15/24(b) | 85,000 | 90,364 | ||||||
4.88%, 6/1/27 | 150,000 | 154,328 | ||||||
CDW LLC |
| |||||||
5.00%, 9/1/25 | 30,000 | 30,941 | ||||||
4.25%, 4/1/28 | 13,000 | 13,270 | ||||||
Cedar Fair L.P. |
| |||||||
5.50%, 5/1/25(a) | 194,000 | 195,819 | ||||||
5.25%, 7/15/29(a)(b) | 50,000 | 45,335 | ||||||
Centene Corp. | 177,000 | 184,837 | ||||||
CenturyLink, Inc. |
| |||||||
5.80%, 3/15/22, Series T | 171,000 | 176,083 | ||||||
6.75%, 12/1/23, Series W | 113,000 | 121,746 | ||||||
7.50%, 4/1/24, Series Y | 208,000 | 228,937 | ||||||
5.63%, 4/1/25(b) | 250,000 | 259,151 | ||||||
5.13%, 12/15/26(a) | 121,000 | 120,886 | ||||||
Charles River Laboratories International, Inc. | 123,000 | 123,145 | ||||||
Chemours Co. (The) |
| |||||||
6.63%, 5/15/23 | 299,000 | 287,819 | ||||||
7.00%, 5/15/25(b) | 160,000 | 153,109 | ||||||
5.38%, 5/15/27(b) | 56,000 | 50,783 | ||||||
Churchill Downs, Inc. | 156,000 | 153,054 | ||||||
Clean Harbors, Inc. | 175,000 | 180,108 | ||||||
Clear Channel Worldwide Holdings, Inc. | 175,000 | 162,786 | ||||||
Clearway Energy Operating LLC | 15,000 | 15,527 | ||||||
Cleveland-Cliffs, Inc. |
| |||||||
5.75%, 3/1/25(b) | 234,000 | 199,935 | ||||||
9.88%, 10/17/25(a) | 114,000 | 119,794 | ||||||
5.88%, 6/1/27(b) | 329,000 | 272,103 | ||||||
CommScope Technologies LLC |
| |||||||
6.00%, 6/15/25(a) | 490,000 | 474,467 | ||||||
5.00%, 3/15/27(a) | 233,000 | 210,564 | ||||||
CommScope, Inc. |
| |||||||
5.50%, 6/15/24(a)(b) | 142,000 | 144,603 | ||||||
8.25%, 3/1/27(a)(b) | 273,000 | 281,043 | ||||||
Community Health Systems, Inc. |
| |||||||
6.25%, 3/31/23 | 894,000 | 843,221 | ||||||
6.63%, 2/15/25(a) | 200,000 | 188,500 | ||||||
8.00%, 3/15/26(a) | 152,000 | 143,822 | ||||||
Continental Resources, Inc. |
| |||||||
4.38%, 1/15/28 | 100,000 | 88,201 | ||||||
4.90%, 6/1/44(b) | 100,000 | 79,842 | ||||||
Cornerstone Building Brands, Inc. | 200,000 | 202,131 | ||||||
Cott Holdings, Inc. | 277,000 | 279,131 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 61 |
Schedule of Investments (continued)
WisdomTree U.S. High Yield Corporate Bond Fund (WFHY)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Coty, Inc. | $ | 186,000 | $ | 158,687 | ||||
Crestwood Midstream Partners L.P. | 140,000 | 121,364 | ||||||
Crown Americas LLC | 50,000 | 51,130 | ||||||
CSC Holdings LLC |
| |||||||
5.88%, 9/15/22 | 139,000 | 145,564 | ||||||
5.25%, 6/1/24 | 198,000 | 208,911 | ||||||
5.50%, 4/15/27(a)(b) | 200,000 | 208,300 | ||||||
5.38%, 2/1/28(a) | 200,000 | 209,581 | ||||||
6.50%, 2/1/29(a) | 200,000 | 219,125 | ||||||
Cumulus Media New Holdings, Inc. | 255,000 | 235,994 | ||||||
DaVita, Inc. |
| |||||||
5.13%, 7/15/24 | 123,000 | 125,275 | ||||||
5.00%, 5/1/25(b) | 236,000 | 241,546 | ||||||
DCP Midstream Operating L.P. | 125,000 | 124,452 | ||||||
Dell International LLC | 150,000 | 155,541 | ||||||
Delta Air Lines, Inc. |
| |||||||
2.90%, 10/28/24 | 248,000 | 201,328 | ||||||
3.75%, 10/28/29 | 173,000 | 138,690 | ||||||
Denbury Resources, Inc. | 211,000 | 81,301 | ||||||
Diamond Resorts International, Inc. | 260,000 | 234,948 | ||||||
Diamond Sports Group LLC |
| |||||||
5.38%, 8/15/26(a) | 405,000 | 295,176 | ||||||
6.63%, 8/15/27(a) | 476,000 | 254,674 | ||||||
DISH DBS Corp. |
| |||||||
6.75%, 6/1/21 | 240,000 | 244,896 | ||||||
5.00%, 3/15/23 | 76,000 | 75,925 | ||||||
5.88%, 11/15/24 | 253,000 | 252,169 | ||||||
7.75%, 7/1/26(b) | 629,000 | 667,916 | ||||||
Diversified Healthcare Trust | 118,000 | 98,010 | ||||||
DPL, Inc. | 24,000 | 25,587 | ||||||
Eldorado Resorts, Inc. | 175,000 | 183,506 | ||||||
Encompass Health Corp. | 155,000 | 155,404 | ||||||
Energizer Holdings, Inc. |
| |||||||
5.50%, 6/15/25(a) | 50,000 | 51,695 | ||||||
7.75%, 1/15/27(a) | 200,000 | 213,717 | ||||||
EnLink Midstream LLC | 276,000 | 207,802 | ||||||
EnLink Midstream Partners L.P. | 278,000 | 206,611 | ||||||
Equinix, Inc. | 50,000 | 52,736 | ||||||
ESH Hospitality, Inc. | 283,000 | 272,097 | ||||||
Fidelity & Guaranty Life Holdings, Inc. | 75,000 | 81,234 | ||||||
Ford Motor Co. |
| |||||||
8.50%, 4/21/23 | 200,000 | 211,875 | ||||||
9.00%, 4/22/25 | 400,000 | 433,630 | ||||||
9.63%, 4/22/30(b) | 100,000 | 118,617 | ||||||
4.75%, 1/15/43 | 105,000 | 83,186 | ||||||
Ford Motor Credit Co. LLC | 400,000 | 380,500 | ||||||
Freeport-McMoRan, Inc. |
| |||||||
3.88%, 3/15/23 | 276,000 | 276,552 | ||||||
4.55%, 11/14/24(b) | 106,000 | 107,999 | ||||||
5.25%, 9/1/29 | 200,000 | 205,338 | ||||||
5.40%, 11/14/34 | 274,000 | 271,628 | ||||||
5.45%, 3/15/43 | 361,000 | 355,002 | ||||||
Frontier Communications Corp. | 130,000 | 122,980 | ||||||
Gap, Inc. (The) | 300,000 | 318,937 | ||||||
Gartner, Inc. | 95,000 | 97,532 | ||||||
GLP Capital L.P. | 150,000 | 164,236 | ||||||
Goodyear Tire & Rubber Co. (The) |
| |||||||
5.13%, 11/15/23 | 200,000 | 191,938 | ||||||
5.00%, 5/31/26(b) | 354,000 | 330,992 | ||||||
4.88%, 3/15/27(b) | 50,000 | 46,019 | ||||||
Gray Television, Inc. |
| |||||||
5.13%, 10/15/24(a)(b) | 166,000 | 166,432 | ||||||
5.88%, 7/15/26(a) | 125,000 | 124,711 | ||||||
7.00%, 5/15/27(a) | 116,000 | 119,207 | ||||||
Greif, Inc. | 106,000 | 108,140 | ||||||
Griffon Corp. |
| |||||||
5.25%, 3/1/22 | 115,000 | 115,370 | ||||||
5.75%, 3/1/28 | 79,000 | 78,210 | ||||||
GrubHub Holdings, Inc. | 280,000 | 286,931 | ||||||
GTT Communications, Inc. | 229,000 | 120,941 | ||||||
Hanesbrands, Inc. | 324,000 | 327,180 | ||||||
HCA, Inc. |
| |||||||
4.75%, 5/1/23 | 147,000 | 159,560 | ||||||
5.00%, 3/15/24 | 33,000 | 36,698 | ||||||
5.25%, 6/15/26 | 50,000 | 57,836 | ||||||
3.50%, 9/1/30(b) | 276,000 | 266,172 | ||||||
Hilton Domestic Operating Co., Inc. |
| |||||||
4.25%, 9/1/24 | 71,000 | 69,143 | ||||||
5.38%, 5/1/25(a) | 203,000 | 203,888 | ||||||
5.75%, 5/1/28(a) | 50,000 | 50,719 | ||||||
Hilton Worldwide Finance LLC |
| |||||||
4.63%, 4/1/25 | 40,000 | 39,254 | ||||||
4.88%, 4/1/27 | 160,000 | 156,570 | ||||||
Holly Energy Partners L.P. | 125,000 | 119,356 | ||||||
See Notes to Financial Statements.
| 62 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree U.S. High Yield Corporate Bond Fund (WFHY)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Hologic, Inc. | $ | 104,000 | $ | 105,289 | ||||
Howmet Aerospace, Inc. | 100,000 | 103,642 | ||||||
Hughes Satellite Systems Corp. |
| |||||||
5.25%, 8/1/26 | 195,000 | 202,363 | ||||||
6.63%, 8/1/26 | 155,000 | 161,423 | ||||||
Iron Mountain, Inc. |
| |||||||
5.75%, 8/15/24 | 125,000 | 126,589 | ||||||
4.88%, 9/15/27(a) | 50,000 | 48,855 | ||||||
5.25%, 3/15/28(a) | 166,000 | 165,554 | ||||||
4.88%, 9/15/29(a) | 300,000 | 292,050 | ||||||
j2 Cloud Services LLC | 250,000 | 255,026 | ||||||
JBS USA LUX S.A. |
| |||||||
5.75%, 6/15/25(a) | 100,000 | 101,500 | ||||||
6.75%, 2/15/28(a) | 321,000 | 339,801 | ||||||
5.50%, 1/15/30(a)(b) | 9,000 | 9,240 | ||||||
Kennedy-Wilson, Inc. | 190,000 | 189,642 | ||||||
KFC Holding Co. | 179,000 | 183,995 | ||||||
Koppers, Inc. | 175,000 | 170,732 | ||||||
Kraft Heinz Foods Co. |
| |||||||
5.20%, 7/15/45 | 39,000 | 42,355 | ||||||
4.38%, 6/1/46 | 295,000 | 290,457 | ||||||
5.50%, 6/1/50(a)(b) | 165,000 | 176,543 | ||||||
L Brands, Inc. |
| |||||||
6.88%, 11/1/35 | 364,000 | 304,286 | ||||||
6.75%, 7/1/36 | 195,000 | 160,534 | ||||||
Ladder Capital Finance Holdings LLLP | 150,000 | 142,967 | ||||||
Lamb Weston Holdings, Inc. |
| |||||||
4.63%, 11/1/24(a) | 5,000 | 5,201 | ||||||
4.88%, 11/1/26(a) | 127,000 | 131,739 | ||||||
Lennar Corp. | 275,000 | 298,980 | ||||||
Level 3 Financing, Inc. |
| |||||||
5.63%, 2/1/23 | 14,000 | 14,053 | ||||||
5.38%, 1/15/24 | 124,000 | 125,382 | ||||||
5.38%, 5/1/25 | 50,000 | 51,193 | ||||||
Lions Gate Capital Holdings LLC |
| |||||||
6.38%, 2/1/24(a) | 228,000 | 223,010 | ||||||
5.88%, 11/1/24(a)(b) | 74,000 | 70,940 | ||||||
Live Nation Entertainment, Inc. |
| |||||||
4.88%, 11/1/24(a) | 73,000 | 65,927 | ||||||
4.75%, 10/15/27(a) | 300,000 | 258,781 | ||||||
LPL Holdings, Inc. | 50,000 | 50,781 | ||||||
Marriott Ownership Resorts, Inc. | 200,000 | 205,375 | ||||||
Masonite International Corp. | 100,000 | 102,419 | ||||||
Mattel, Inc. | 340,000 | 353,340 | ||||||
Maxim Crane Works Holdings Capital LLC | 259,000 | 255,388 | ||||||
MDC Partners, Inc. | 224,000 | 209,020 | ||||||
MEDNAX, Inc. |
| |||||||
5.25%, 12/1/23(a) | 411,000 | 410,016 | ||||||
6.25%, 1/15/27(a)(b) | 191,000 | 191,660 | ||||||
Meredith Corp. | 306,000 | 255,550 | ||||||
MGM Growth Properties Operating Partnership L.P. | 203,000 | 201,621 | ||||||
MGM Resorts International |
| |||||||
6.75%, 5/1/25 | 300,000 | 298,336 | ||||||
4.63%, 9/1/26(b) | 176,000 | 160,671 | ||||||
5.50%, 4/15/27(b) | 477,000 | 459,783 | ||||||
Michaels Stores, Inc. | 219,000 | 190,900 | ||||||
MPT Operating Partnership L.P. |
| |||||||
5.25%, 8/1/26 | 40,000 | 41,616 | ||||||
5.00%, 10/15/27 | 148,000 | 152,537 | ||||||
4.63%, 8/1/29 | 267,000 | 268,794 | ||||||
MSCI, Inc. |
| |||||||
5.38%, 5/15/27(a) | 50,000 | 53,208 | ||||||
4.00%, 11/15/29(a) | 117,000 | 119,538 | ||||||
Navient Corp. |
| |||||||
6.63%, 7/26/21 | 42,000 | 41,278 | ||||||
6.13%, 3/25/24(b) | 197,000 | 187,764 | ||||||
5.88%, 10/25/24(b) | 174,000 | 163,994 | ||||||
6.75%, 6/25/25(b) | 174,000 | 166,496 | ||||||
6.75%, 6/15/26 | 304,000 | 281,904 | ||||||
5.00%, 3/15/27 | 101,000 | 85,062 | ||||||
Navistar International Corp. | 312,000 | 335,689 | ||||||
NCR Corp. | 175,000 | 175,055 | ||||||
Newell Brands, Inc. | 327,000 | 347,536 | ||||||
Newmark Group, Inc. | 91,000 | 90,576 | ||||||
Nexstar Broadcasting, Inc. | 321,000 | 324,244 | ||||||
NextEra Energy Operating Partners L.P. |
| |||||||
4.25%, 7/15/24(a) | 111,000 | 112,469 | ||||||
4.25%, 9/15/24(a) | 181,000 | 182,550 | ||||||
Nielsen Finance LLC | 316,000 | 315,197 | ||||||
NortonLifeLock, Inc. | 177,000 | 180,540 | ||||||
Novelis Corp. | 248,000 | 248,565 | ||||||
NRG Energy, Inc. |
| |||||||
7.25%, 5/15/26 | 148,000 | 156,483 | ||||||
5.75%, 1/15/28(b) | 60,000 | 63,439 | ||||||
5.25%, 6/15/29(a) | 200,000 | 210,463 | ||||||
Nuance Communications, Inc. | 50,000 | 52,145 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 63 |
Schedule of Investments (continued)
WisdomTree U.S. High Yield Corporate Bond Fund (WFHY)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
NuStar Logistics L.P. | $ | 123,000 | $ | 118,980 | ||||
Occidental Petroleum Corp. |
| |||||||
2.70%, 2/15/23 | 450,000 | 412,312 | ||||||
2.90%, 8/15/24 | 250,000 | 214,117 | ||||||
6.45%, 9/15/36(b) | 50,000 | 42,509 | ||||||
4.50%, 7/15/44(b) | 250,000 | 173,594 | ||||||
Oceaneering International, Inc. | 161,000 | 122,058 | ||||||
Olin Corp. |
| |||||||
5.13%, 9/15/27 | 209,000 | 196,022 | ||||||
5.63%, 8/1/29 | 400,000 | 368,510 | ||||||
Outfront Media Capital LLC | 250,000 | 226,672 | ||||||
Owens-Brockway Glass Container, Inc. | 315,000 | 325,271 | ||||||
Par Pharmaceutical, Inc. | 394,000 | 405,641 | ||||||
Party City Holdings, Inc. | 260,000 | 54,600 | ||||||
PBF Holding Co. LLC |
| |||||||
9.25%, 5/15/25(a) | 72,000 | 76,995 | ||||||
7.25%, 6/15/25 | 317,000 | 288,503 | ||||||
PBF Logistics L.P. | 304,000 | 290,505 | ||||||
Peabody Energy Corp. |
| |||||||
6.00%, 3/31/22(a)(b) | 166,000 | 108,419 | ||||||
6.38%, 3/31/25(a) | 100,000 | 53,313 | ||||||
Penske Automotive Group, Inc. | 173,000 | 172,968 | ||||||
Pilgrim’s Pride Corp. |
| |||||||
5.75%, 3/15/25(a) | 297,000 | 296,566 | ||||||
5.88%, 9/30/27(a) | 223,000 | 223,561 | ||||||
Pitney Bowes, Inc. |
| |||||||
4.63%, 10/1/21 | 46,000 | 42,679 | ||||||
4.63%, 3/15/24(b) | 281,000 | 197,432 | ||||||
PolyOne Corp. | 100,000 | 103,063 | ||||||
Post Holdings, Inc. |
| |||||||
5.00%, 8/15/26(a) | 41,000 | 41,233 | ||||||
5.75%, 3/1/27(a) | 237,000 | 245,391 | ||||||
5.63%, 1/15/28(a) | 176,000 | 182,567 | ||||||
5.50%, 12/15/29(a) | 24,000 | 24,859 | ||||||
4.63%, 4/15/30(a) | 203,000 | 199,072 | ||||||
PQ Corp. | 128,000 | 130,445 | ||||||
Prime Security Services Borrower LLC | 157,000 | 163,176 | ||||||
PulteGroup, Inc. |
| |||||||
5.50%, 3/1/26 | 218,000 | 238,384 | ||||||
5.00%, 1/15/27 | 293,000 | 314,361 | ||||||
QVC, Inc. |
| |||||||
4.85%, 4/1/24 | 249,000 | 251,888 | ||||||
4.45%, 2/15/25 | 80,000 | 78,824 | ||||||
4.75%, 2/15/27 | 195,000 | 189,418 | ||||||
Radian Group, Inc. | 100,000 | 102,688 | ||||||
RBS Global, Inc. | 100,000 | 100,812 | ||||||
Realogy Group LLC |
| |||||||
5.25%, 12/1/21(a)(b) | 261,000 | 264,654 | ||||||
4.88%, 6/1/23(a)(b) | 192,000 | 180,120 | ||||||
Rite Aid Corp. |
| |||||||
6.13%, 4/1/23(a) | 200,000 | 194,825 | ||||||
7.50%, 7/1/25(a) | 119,000 | 119,297 | ||||||
Royal Caribbean Cruises Ltd. | 100,000 | 63,013 | ||||||
Ryman Hospitality Properties, Inc. | 52,000 | 46,368 | ||||||
Sabre GLBL, Inc. | 291,000 | 307,914 | ||||||
Sally Holdings LLC | 51,000 | 49,690 | ||||||
SBA Communications Corp. | 156,000 | 159,900 | ||||||
Scientific Games International, Inc. |
| |||||||
5.00%, 10/15/25(a)(b) | 232,000 | 215,013 | ||||||
8.25%, 3/15/26(a) | 252,000 | 226,442 | ||||||
7.25%, 11/15/29(a) | 28,000 | 22,447 | ||||||
Service Corp. International | 50,000 | 52,270 | ||||||
ServiceMaster Co. LLC (The) | 250,000 | 254,089 | ||||||
SESI LLC | 190,000 | 70,043 | ||||||
Signature Aviation U.S. Holdings, Inc. | 200,000 | 200,721 | ||||||
Sinclair Television Group, Inc. | 160,000 | 154,017 | ||||||
Sirius XM Radio, Inc. |
| |||||||
3.88%, 8/1/22(a) | 53,000 | 53,460 | ||||||
5.38%, 7/15/26(a) | 267,000 | 276,584 | ||||||
5.50%, 7/1/29(a) | 300,000 | 316,464 | ||||||
Six Flags Entertainment Corp. |
| |||||||
4.88%, 7/31/24(a) | 320,000 | 287,398 | ||||||
5.50%, 4/15/27(a)(b) | 26,000 | 23,270 | ||||||
Six Flags Theme Parks, Inc. | 50,000 | 51,906 | ||||||
Spectrum Brands, Inc. | 100,000 | 102,939 | ||||||
Spirit AeroSystems, Inc. |
| |||||||
7.50%, 4/15/25(a) | 279,000 | 276,384 | ||||||
4.60%, 6/15/28 | 200,000 | 162,265 | ||||||
Springleaf Finance Corp. |
| |||||||
7.75%, 10/1/21 | 79,000 | 82,375 | ||||||
5.63%, 3/15/23 | 137,000 | 138,972 | ||||||
6.13%, 3/15/24 | 181,000 | 184,313 | ||||||
6.88%, 3/15/25 | 338,000 | 347,549 | ||||||
7.13%, 3/15/26 | 143,000 | 148,183 | ||||||
5.38%, 11/15/29 | 435,000 | 409,422 | ||||||
Sprint Corp. |
| |||||||
7.88%, 9/15/23 | 26,000 | 29,315 | ||||||
7.13%, 6/15/24 | 250,000 | 282,735 | ||||||
SunCoke Energy Partners L.P. | 230,000 | 195,112 | ||||||
See Notes to Financial Statements.
| 64 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree U.S. High Yield Corporate Bond Fund (WFHY)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Sunoco L.P. | $ | 180,000 | $ | 177,956 | ||||
T-Mobile USA, Inc. |
| |||||||
6.00%, 3/1/23 | 212,000 | 213,244 | ||||||
6.50%, 1/15/24 | 100,000 | 102,482 | ||||||
6.00%, 4/15/24 | 35,000 | 35,869 | ||||||
5.13%, 4/15/25 | 50,000 | 51,281 | ||||||
4.75%, 2/1/28 | 128,000 | 135,423 | ||||||
Tallgrass Energy Partners L.P. |
| |||||||
5.50%, 9/15/24(a) | 67,000 | 60,714 | ||||||
5.50%, 1/15/28(a) | 300,000 | 260,371 | ||||||
TEGNA, Inc. | 277,000 | 259,579 | ||||||
Teleflex, Inc. | 175,000 | 185,417 | ||||||
Tenet Healthcare Corp. |
| |||||||
6.75%, 6/15/23 | 546,000 | 542,451 | ||||||
4.63%, 7/15/24 | 123,000 | 120,681 | ||||||
5.13%, 5/1/25(b) | 477,000 | 460,882 | ||||||
6.25%, 2/1/27(a) | 22,000 | 21,904 | ||||||
Tenneco, Inc. | 315,000 | 208,894 | ||||||
TerraForm Power Operating LLC |
| |||||||
4.25%, 1/31/23(a) | 119,000 | 120,858 | ||||||
5.00%, 1/31/28(a) | 258,000 | 269,562 | ||||||
TransDigm, Inc. |
| |||||||
6.50%, 7/15/24 | 176,000 | 168,502 | ||||||
6.50%, 5/15/25 | 10,000 | 9,377 | ||||||
6.25%, 3/15/26(a) | 386,000 | 385,709 | ||||||
6.38%, 6/15/26 | 103,000 | 94,167 | ||||||
5.50%, 11/15/27 | 292,000 | 255,639 | ||||||
Transocean, Inc. |
| |||||||
7.50%, 1/15/26(a) | 321,000 | 178,155 | ||||||
8.00%, 2/1/27(a) | 207,000 | 117,214 | ||||||
TreeHouse Foods, Inc. | 69,000 | 70,560 | ||||||
Tronox, Inc. | 327,000 | 306,530 | ||||||
Tutor Perini Corp. | 229,000 | 218,838 | ||||||
U.S. Concrete, Inc. | 274,000 | 271,289 | ||||||
U.S. Foods, Inc. |
| |||||||
5.88%, 6/15/24(a) | 85,000 | 80,971 | ||||||
6.25%, 4/15/25(a) | 100,000 | 102,188 | ||||||
Under Armour, Inc. | 263,000 | 233,465 | ||||||
United Rentals North America, Inc. |
| |||||||
4.63%, 10/15/25 | 168,000 | 169,171 | ||||||
5.88%, 9/15/26 | 208,000 | 218,216 | ||||||
5.50%, 5/15/27 | 227,000 | 234,703 | ||||||
4.88%, 1/15/28 | 259,000 | 265,880 | ||||||
United States Steel Corp. |
| |||||||
6.88%, 8/15/25(b) | 232,000 | 158,364 | ||||||
6.25%, 3/15/26(b) | 162,000 | 102,840 | ||||||
Uniti Group L.P. | 308,000 | 301,262 | ||||||
Vail Resorts, Inc. | 117,000 | 122,923 | ||||||
Vector Group Ltd. | 347,000 | 334,201 | ||||||
VeriSign, Inc. |
| |||||||
5.25%, 4/1/25 | 156,000 | 173,176 | ||||||
4.75%, 7/15/27 | 194,000 | 204,244 | ||||||
VICI Properties, Inc. |
| |||||||
3.50%, 2/15/25(a) | 60,000 | 56,541 | ||||||
3.75%, 2/15/27(a) | 50,000 | 47,086 | ||||||
4.13%, 8/15/30(a) | 265,000 | 253,158 | ||||||
Vistra Operations Co. LLC |
| |||||||
5.50%, 9/1/26(a) | 323,000 | 330,540 | ||||||
5.63%, 2/15/27(a) | 223,000 | 229,202 | ||||||
W&T Offshore, Inc. | 151,000 | 94,996 | ||||||
Washington Prime Group L.P. | 181,000 | 102,574 | ||||||
WESCO Distribution, Inc. | 182,000 | 182,596 | ||||||
Western Digital Corp. | 533,000 | 551,650 | ||||||
Western Midstream Operating L.P. |
| |||||||
3.95%, 6/1/25 | 50,000 | 47,086 | ||||||
4.05%, 2/1/30(b) | 83,000 | 80,209 | ||||||
Xerox Corp. | 174,000 | 174,280 | ||||||
XPO Logistics, Inc. |
| |||||||
6.13%, 9/1/23(a) | 173,000 | 175,613 | ||||||
6.25%, 5/1/25(a) | 100,000 | 104,938 | ||||||
Yum! Brands, Inc. | 225,000 | 228,986 | ||||||
TOTAL U.S. CORPORATE BONDS (Cost: $63,201,868) |
| 61,464,145 | ||||||
| FOREIGN CORPORATE BONDS – 0.4% |
| |||||||
| United Kingdom – 0.4% |
| |||||||
Avon International Operations, Inc. (Cost: $249,124) | 245,000 | 246,131 | ||||||
| Shares | ||||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 15.2% |
| |||||||
| United States – 15.2% |
| |||||||
State Street Navigator Securities Lending |
| |||||||
| (Cost: $9,593,738) | 9,593,738 | 9,593,738 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 113.0% (Cost: $73,044,730) |
| 71,304,014 | ||||||
Other Assets less Liabilities – (13.0)% |
| (8,220,690 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 63,083,324 | |||||
See Notes to Financial Statements.
| WisdomTree Trust | 65 |
Schedule of Investments (concluded)
WisdomTree U.S. High Yield Corporate Bond Fund (WFHY)
June 30, 2020
| (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, 2020 (See Note 2). At June 30, 2020, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $9,564,013 and the total market value of the collateral held by the Fund was $9,895,036. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $301,298. |
| (c) | The issuer of this bond has filed for Chapter 11 bankruptcy protection. |
| (d) | Subsequent to June 30, 2020, the issuer of this bond filed for Chapter 11 bankruptcy protection. |
| (e) | Rate shown represents annualized 7-day yield as of June 30, 2020. |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Corporate Bonds | $ | — | $ | 61,464,145 | $ | — | $ | 61,464,145 | ||||||||
Foreign Corporate Bonds | — | 246,131 | — | 246,131 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 9,593,738 | — | 9,593,738 | ||||||||||||
Total Investments in Securities | $ | — | $ | 71,304,014 | $ | — | $ | 71,304,014 | ||||||||
See Notes to Financial Statements.
| 66 | WisdomTree Trust |
Schedule of Investments
WisdomTree U.S. Short-Term Corporate Bond Fund (SFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
| U.S. CORPORATE BONDS – 91.7% |
| |||||||
| United States – 91.7% |
| |||||||
3M Co. |
| |||||||
1.63%, 9/19/21 | $ | 85,000 | $ | 86,180 | ||||
2.00%, 6/26/22 | 37,000 | 38,193 | ||||||
AbbVie, Inc. |
| |||||||
2.90%, 11/6/22 | 82,000 | 86,064 | ||||||
2.85%, 5/14/23 | 139,000 | 146,656 | ||||||
3.60%, 5/14/25 | 74,000 | 81,880 | ||||||
Agilent Technologies, Inc. | 87,000 | 94,059 | ||||||
Alexandria Real Estate Equities, Inc. | 33,000 | 36,513 | ||||||
Ally Financial, Inc. |
| |||||||
3.88%, 5/21/24 | 156,000 | 161,442 | ||||||
5.80%, 5/1/25 | 37,000 | 41,267 | ||||||
Altria Group, Inc. |
| |||||||
2.85%, 8/9/22 | 97,000 | 101,101 | ||||||
2.95%, 5/2/23 | 46,000 | 48,470 | ||||||
4.00%, 1/31/24 | 28,000 | 30,867 | ||||||
Amazon.com, Inc. | 31,000 | 32,595 | ||||||
American Electric Power Co., Inc. |
| |||||||
2.15%, 11/13/20 | 7,000 | 7,044 | ||||||
3.65%, 12/1/21, Series I | 90,000 | 93,904 | ||||||
American Express Co. |
| |||||||
2.50%, 8/1/22 | 47,000 | 48,694 | ||||||
2.65%, 12/2/22 | 49,000 | 51,340 | ||||||
3.40%, 2/22/24 | 79,000 | 85,970 | ||||||
American Express Credit Corp. | 46,000 | 46,636 | ||||||
American Honda Finance Corp. |
| |||||||
1.70%, 9/9/21 | 50,000 | 50,722 | ||||||
3.38%, 12/10/21 | 58,000 | 60,247 | ||||||
2.15%, 9/10/24 | 100,000 | 104,532 | ||||||
Ameriprise Financial, Inc. | 85,000 | 93,960 | ||||||
Amgen, Inc. |
| |||||||
3.88%, 11/15/21 | 38,943 | 40,406 | ||||||
3.63%, 5/22/24 | 64,000 | 70,220 | ||||||
Amphenol Corp. | 25,000 | 26,800 | ||||||
Analog Devices, Inc. | 39,000 | 39,969 | ||||||
Anthem, Inc. |
| |||||||
3.13%, 5/15/22 | 59,000 | 61,821 | ||||||
3.50%, 8/15/24 | 39,000 | 42,700 | ||||||
Apple, Inc. |
| |||||||
2.25%, 2/23/21 | 97,000 | 98,070 | ||||||
2.15%, 2/9/22 | 35,000 | 36,019 | ||||||
2.30%, 5/11/22 | 42,000 | 43,506 | ||||||
AT&T, Inc. |
| |||||||
3.00%, 2/15/22 | 105,000 | 109,350 | ||||||
3.80%, 3/15/22 | 47,000 | 49,510 | ||||||
3.40%, 6/15/22 | 65,000 | 68,394 | ||||||
3.60%, 2/17/23(a) | 29,000 | 31,150 | ||||||
3.40%, 5/15/25 | 142,000 | 156,153 | ||||||
AutoZone, Inc. | 26,000 | 27,206 | ||||||
Bank of America Corp. |
| |||||||
5.70%, 1/24/22 | 87,000 | 94,115 | ||||||
3.30%, 1/11/23 | 87,000 | 92,887 | ||||||
4.13%, 1/22/24 | 19,000 | 21,114 | ||||||
4.20%, 8/26/24 | 83,000 | 92,200 | ||||||
4.00%, 1/22/25 | 15,000 | 16,576 | ||||||
3.95%, 4/21/25, Series L | 93,000 | 103,048 | ||||||
Bank of New York Mellon Corp. (The) | 68,000 | 69,046 | ||||||
Baxter International, Inc. | 22,000 | 22,299 | ||||||
BBVA USA | 152,000 | 154,490 | ||||||
Berkshire Hathaway Finance Corp. | 100,000 | 102,127 | ||||||
Biogen, Inc. | 84,000 | 89,284 | ||||||
BlackRock, Inc. |
| |||||||
4.25%, 5/24/21 | 32,000 | 33,073 | ||||||
3.50%, 3/18/24 | 78,000 | 86,511 | ||||||
Block Financial LLC | 33,000 | 35,189 | ||||||
Boardwalk Pipelines L.P. | 27,000 | 28,945 | ||||||
Boeing Co. (The) |
| |||||||
2.30%, 8/1/21(a) | 49,000 | 49,483 | ||||||
2.70%, 5/1/22(a) | 54,000 | 54,690 | ||||||
4.88%, 5/1/25 | 144,000 | 157,099 | ||||||
Boston Scientific Corp. |
| |||||||
3.38%, 5/15/22 | 41,000 | 42,862 | ||||||
3.45%, 3/1/24 | 56,000 | 60,732 | ||||||
BP Capital Markets America, Inc. |
| |||||||
2.75%, 5/10/23(a) | 95,000 | 100,417 | ||||||
3.79%, 2/6/24(a) | 21,000 | 22,945 | ||||||
Bristol-Myers Squibb Co. |
| |||||||
2.88%, 8/15/20(b) | 52,000 | 52,151 | ||||||
3.25%, 2/20/23(b) | 60,000 | 63,897 | ||||||
Broadcom Corp. |
| |||||||
2.65%, 1/15/23 | 81,000 | 84,071 | ||||||
3.13%, 1/15/25 | 49,000 | 52,374 | ||||||
Broadcom, Inc. |
| |||||||
3.46%, 9/15/26(b) | 54,000 | 57,990 | ||||||
4.11%, 9/15/28(b) | 68,000 | 74,214 | ||||||
Burlington Northern Santa Fe LLC |
| |||||||
3.45%, 9/15/21 | 126,000 | 129,699 | ||||||
3.00%, 3/15/23 | 59,000 | 62,365 | ||||||
Capital One Financial Corp. |
| |||||||
4.75%, 7/15/21 | 73,000 | 76,135 | ||||||
3.90%, 1/29/24 | 83,000 | 90,321 | ||||||
3.30%, 10/30/24 | 89,000 | 95,820 | ||||||
4.25%, 4/30/25 | 56,000 | 62,994 | ||||||
Caterpillar Financial Services Corp. |
| |||||||
2.65%, 5/17/21, Series I(a) | 68,000 | 69,362 | ||||||
2.95%, 2/26/22 | 75,000 | 78,155 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 67 |
Schedule of Investments (continued)
WisdomTree U.S. Short-Term Corporate Bond Fund (SFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Celanese U.S. Holdings LLC |
| |||||||
5.88%, 6/15/21 | $ | 122,000 | $ | 127,331 | ||||
3.50%, 5/8/24 | 20,000 | 21,123 | ||||||
Chevron Corp. | 40,000 | 41,162 | ||||||
Cigna Corp. | 35,000 | 36,171 | ||||||
Cimarex Energy Co. | 82,000 | 86,602 | ||||||
Cisco Systems, Inc. | 17,000 | 17,893 | ||||||
Citigroup, Inc. |
| |||||||
2.70%, 3/30/21 | 58,000 | 58,949 | ||||||
2.90%, 12/8/21 | 58,000 | 59,760 | ||||||
2.75%, 4/25/22 | 42,000 | 43,539 | ||||||
3.88%, 10/25/23 | 85,000 | 93,463 | ||||||
3.75%, 6/16/24 | 62,000 | 68,453 | ||||||
4.00%, 8/5/24 | 35,000 | 38,218 | ||||||
Citizens Financial Group, Inc. | 33,000 | 33,424 | ||||||
CME Group, Inc. | 70,000 | 73,884 | ||||||
Coca-Cola Co. (The) |
| |||||||
1.88%, 10/27/20 | 51,000 | 51,254 | ||||||
2.50%, 4/1/23 | 58,000 | 61,506 | ||||||
3.20%, 11/1/23 | 65,000 | 70,808 | ||||||
Comcast Cable Communications Holdings, Inc. | 52,000 | 63,164 | ||||||
Comcast Corp. |
| |||||||
2.75%, 3/1/23 | 69,000 | 73,311 | ||||||
3.60%, 3/1/24 | 64,000 | 71,041 | ||||||
Conagra Brands, Inc. | 60,000 | 63,249 | ||||||
Connecticut Light & Power Co. (The) | 56,000 | 58,337 | ||||||
Constellation Brands, Inc. |
| |||||||
2.70%, 5/9/22 | 35,000 | 36,313 | ||||||
3.20%, 2/15/23(a) | 57,000 | 60,443 | ||||||
4.25%, 5/1/23 | 28,000 | 30,706 | ||||||
Corning, Inc. | 37,000 | 38,324 | ||||||
CSX Corp. | 45,000 | 49,431 | ||||||
Discover Financial Services | 17,000 | 18,020 | ||||||
Dominion Energy, Inc. | 58,000 | 60,120 | ||||||
DTE Energy Co. |
| |||||||
3.70%, 8/1/23, Series D | 94,000 | 101,118 | ||||||
2.53%, 10/1/24, Series C | 26,000 | 27,239 | ||||||
Duke Energy Corp. |
| |||||||
3.55%, 9/15/21 | 19,000 | 19,537 | ||||||
2.40%, 8/15/22 | 40,000 | 41,516 | ||||||
3.95%, 10/15/23 | 37,000 | 40,401 | ||||||
Eastman Chemical Co. | 60,000 | 62,660 | ||||||
Eaton Corp. | 88,000 | 92,602 | ||||||
eBay, Inc. |
| |||||||
3.80%, 3/9/22 | 85,000 | 89,305 | ||||||
2.60%, 7/15/22 | 31,000 | 32,043 | ||||||
2.75%, 1/30/23 | 43,000 | 44,955 | ||||||
Ecolab, Inc. | 32,000 | 33,989 | ||||||
Enterprise Products Operating LLC | 73,000 | 80,806 | ||||||
EOG Resources, Inc. | 45,000 | 47,180 | ||||||
Evergy, Inc. | 36,000 | 38,068 | ||||||
Eversource Energy | 165,000 | 171,050 | ||||||
Exelon Corp. | 93,000 | 97,356 | ||||||
Express Scripts Holding Co. | 90,000 | 90,817 | ||||||
Exxon Mobil Corp. |
| |||||||
2.22%, 3/1/21 | 169,000 | 170,952 | ||||||
2.73%, 3/1/23 | 35,000 | 36,834 | ||||||
2.99%, 3/19/25(a) | 47,000 | 51,087 | ||||||
Fifth Third Bancorp | 36,000 | 37,341 | ||||||
Fifth Third Bank N.A. | 99,000 | 101,768 | ||||||
Fiserv, Inc. | 32,000 | 34,141 | ||||||
Fortune Brands Home & Security, Inc. | 94,000 | 102,604 | ||||||
General Dynamics Corp. |
| |||||||
2.25%, 11/15/22 | 65,000 | 67,660 | ||||||
3.38%, 5/15/23 | 78,000 | 84,372 | ||||||
General Mills, Inc. |
| |||||||
2.60%, 10/12/22 | 78,000 | 81,294 | ||||||
3.70%, 10/17/23 | 29,000 | 31,587 | ||||||
Gilead Sciences, Inc. | 88,000 | 92,153 | ||||||
Hershey Co. (The) | 85,000 | 91,848 | ||||||
Honeywell International, Inc. |
| |||||||
4.25%, 3/1/21 | 13,000 | 13,348 | ||||||
2.15%, 8/8/22 | 101,000 | 104,712 | ||||||
Huntington Bancshares, Inc. | 154,000 | 156,574 | ||||||
IBM Credit LLC | 42,000 | 43,939 | ||||||
Intel Corp. | 97,000 | 105,137 | ||||||
Intercontinental Exchange, Inc. | 104,000 | 108,244 | ||||||
International Business Machines Corp. | 100,000 | 104,655 | ||||||
Interpublic Group of Cos., Inc. (The) |
| |||||||
3.75%, 10/1/21 | 170,000 | 176,327 | ||||||
3.75%, 2/15/23 | 46,000 | 48,728 | ||||||
4.20%, 4/15/24 | 21,000 | 22,954 | ||||||
See Notes to Financial Statements.
| 68 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree U.S. Short-Term Corporate Bond Fund (SFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Jabil, Inc. | $ | 40,000 | $ | 42,517 | ||||
JM Smucker Co. (The) | 32,000 | 33,257 | ||||||
Johnson & Johnson | 26,000 | 26,215 | ||||||
JPMorgan Chase & Co. |
| |||||||
4.50%, 1/24/22 | 146,000 | 154,983 | ||||||
2.97%, 1/15/23 | 86,000 | 89,070 | ||||||
3.88%, 2/1/24 | 71,000 | 78,812 | ||||||
3.88%, 9/10/24 | 56,000 | 62,128 | ||||||
3.13%, 1/23/25(a) | 38,000 | 41,441 | ||||||
Juniper Networks, Inc. | 102,000 | 113,088 | ||||||
Kellogg Co. | 37,000 | 39,244 | ||||||
KeyCorp | 139,000 | 143,656 | ||||||
KLA Corp. | 45,000 | 51,638 | ||||||
Kroger Co. (The) |
| |||||||
2.95%, 11/1/21 | 78,000 | 80,310 | ||||||
3.40%, 4/15/22 | 26,000 | 27,108 | ||||||
Laboratory Corp. of America Holdings | 102,000 | 105,827 | ||||||
Las Vegas Sands Corp. | 127,000 | 126,634 | ||||||
Lincoln National Corp. | 144,000 | 156,972 | ||||||
Lockheed Martin Corp. | 107,000 | 107,733 | ||||||
Lowe’s Cos., Inc. | 95,000 | 98,856 | ||||||
Marathon Petroleum Corp. |
| |||||||
5.13%, 3/1/21(a) | 115,000 | 118,213 | ||||||
4.70%, 5/1/25 | 37,000 | 41,465 | ||||||
Marriott International, Inc. |
| |||||||
2.30%, 1/15/22(a) | 74,000 | 73,442 | ||||||
5.75%, 5/1/25, Series EE | 37,000 | 40,237 | ||||||
Marsh & McLennan Cos., Inc. |
| |||||||
3.30%, 3/14/23 | 5,000 | 5,330 | ||||||
3.88%, 3/15/24(a) | 67,000 | 74,205 | ||||||
Mastercard, Inc. | 46,000 | 47,023 | ||||||
McCormick & Co., Inc. | 41,000 | 42,737 | ||||||
McDonald’s Corp. | 31,000 | 32,049 | ||||||
McKesson Corp. | 13,000 | 13,608 | ||||||
Medtronic, Inc. | 66,000 | 69,218 | ||||||
Merck & Co., Inc. | 81,000 | 86,345 | ||||||
Micron Technology, Inc. | 30,000 | 33,090 | ||||||
MidAmerican Energy Co. | 85,000 | 94,469 | ||||||
Molson Coors Beverage Co. | 68,000 | 68,848 | ||||||
3.50%, 5/1/22 | 37,000 | 38,617 | ||||||
Mondelez International, Inc. | 27,000 | 29,101 | ||||||
Morgan Stanley |
| |||||||
2.50%, 4/21/21 | 157,000 | 159,642 | ||||||
5.50%, 7/28/21 | 90,000 | 94,791 | ||||||
2.75%, 5/19/22 | 60,000 | 62,396 | ||||||
3.13%, 1/23/23(a) | 75,000 | 79,552 | ||||||
3.70%, 10/23/24 | 98,000 | 108,736 | ||||||
Motorola Solutions, Inc. | 31,000 | 32,537 | ||||||
MPLX L.P. |
| |||||||
4.50%, 7/15/23 | 47,000 | 50,548 | ||||||
4.88%, 12/1/24(a) | 38,000 | 42,229 | ||||||
4.00%, 2/15/25 | 68,000 | 72,755 | ||||||
MUFG Union Bank NA | 250,000 | 260,633 | ||||||
National Fuel Gas Co. | 44,000 | 45,520 | ||||||
NextEra Energy Capital Holdings, Inc. | 93,000 | 101,047 | ||||||
Nordstrom, Inc. | 24,000 | 24,055 | ||||||
Northern States Power Co. | 54,000 | 56,645 | ||||||
Northrop Grumman Corp. |
| |||||||
2.55%, 10/15/22 | 60,000 | 62,723 | ||||||
3.25%, 8/1/23 | 43,000 | 46,471 | ||||||
NVIDIA Corp. | 73,000 | 74,467 | ||||||
NVR, Inc. | 39,000 | 41,545 | ||||||
Old Republic International Corp. | 22,000 | 23,820 | ||||||
Omega Healthcare Investors, Inc. | 44,000 | 45,726 | ||||||
Omnicom Group, Inc. | 36,000 | 39,663 | ||||||
Oracle Corp. |
| |||||||
2.50%, 10/15/22 | 63,000 | 65,919 | ||||||
3.63%, 7/15/23(a) | 29,000 | 31,631 | ||||||
2.95%, 11/15/24 | 48,000 | 52,060 | ||||||
2.50%, 4/1/25 | 19,000 | 20,372 | ||||||
Packaging Corp. of America | 67,000 | 73,820 | ||||||
PepsiCo, Inc. | 80,000 | 84,972 | ||||||
Pfizer, Inc. | 48,000 | 50,004 | ||||||
Philip Morris International, Inc. |
| |||||||
2.38%, 8/17/22 | 21,000 | 21,815 | ||||||
2.50%, 11/2/22 | 111,000 | 115,720 | ||||||
Phillips 66 | 64,000 | 67,866 | ||||||
PNC Financial Services Group, Inc. (The) | 137,000 | 149,867 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 69 |
Schedule of Investments (continued)
WisdomTree U.S. Short-Term Corporate Bond Fund (SFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Progress Energy, Inc. | $ | 41,000 | $ | 42,543 | ||||
Prudential Financial, Inc. | 34,000 | 37,667 | ||||||
Public Service Enterprise Group, Inc. | 25,000 | 26,140 | ||||||
Quest Diagnostics, Inc. | 22,000 | 22,665 | ||||||
Raytheon Technologies Corp. |
| |||||||
2.80%, 3/15/22(b) | 44,000 | 45,408 | ||||||
2.50%, 12/15/22(b) | 44,000 | 45,631 | ||||||
Realty Income Corp. |
| |||||||
3.25%, 10/15/22 | 88,000 | 92,236 | ||||||
4.65%, 8/1/23 | 45,000 | 49,713 | ||||||
Regions Financial Corp. |
| |||||||
2.75%, 8/14/22 | 68,000 | 70,849 | ||||||
3.80%, 8/14/23 | 45,000 | 48,965 | ||||||
Reliance Steel & Aluminum Co. | 35,000 | 37,551 | ||||||
Republic Services, Inc. | 74,000 | 77,772 | ||||||
Reynolds American, Inc. |
| |||||||
4.00%, 6/12/22 | 81,000 | 85,616 | ||||||
4.85%, 9/15/23 | 30,000 | 33,437 | ||||||
Roper Technologies, Inc. |
| |||||||
3.13%, 11/15/22 | 23,000 | 24,106 | ||||||
3.65%, 9/15/23 | 73,000 | 79,423 | ||||||
salesforce.com, Inc. | 35,000 | 37,629 | ||||||
Santander Holdings USA, Inc. | 134,000 | 139,435 | ||||||
Southern Co. (The) | 102,000 | 103,753 | ||||||
Southwest Airlines Co. | 70,000 | 73,973 | ||||||
Stanley Black & Decker, Inc. | 42,000 | 44,328 | ||||||
Starbucks Corp. | 13,000 | 13,841 | ||||||
State Street Corp. | 28,000 | 31,077 | ||||||
Stryker Corp. | 24,000 | 26,168 | ||||||
Synchrony Bank | 58,000 | 58,946 | ||||||
Synchrony Financial | 56,000 | 58,839 | ||||||
Sysco Corp. |
| |||||||
2.50%, 7/15/21 | 83,000 | 84,450 | ||||||
2.60%, 6/12/22 | 45,000 | 46,400 | ||||||
5.65%, 4/1/25 | 44,000 | 51,413 | ||||||
Tapestry, Inc. | 37,000 | 36,433 | ||||||
Tech Data Corp. | 30,000 | 30,689 | ||||||
Texas Instruments, Inc. | 85,000 | 86,284 | ||||||
Thermo Fisher Scientific, Inc. | 30,000 | 33,320 | ||||||
TJX Cos., Inc. (The) | 42,000 | 44,012 | ||||||
Toyota Motor Credit Corp. |
| |||||||
3.30%, 1/12/22 | 52,000 | 54,190 | ||||||
3.00%, 4/1/25 | 94,000 | 102,230 | ||||||
Truist Bank |
| |||||||
2.80%, 5/17/22 | 102,000 | 106,177 | ||||||
3.20%, 4/1/24 | 46,000 | 49,900 | ||||||
Truist Financial Corp. |
| |||||||
2.90%, 3/3/21 | 82,000 | 83,249 | ||||||
3.20%, 9/3/21 | 33,000 | 34,007 | ||||||
2.70%, 1/27/22 | 45,000 | 46,433 | ||||||
2.75%, 4/1/22 | 164,000 | 170,062 | ||||||
3.05%, 6/20/22 | 38,000 | 39,731 | ||||||
2.50%, 8/1/24 | 65,000 | 69,200 | ||||||
TWDC Enterprises 18 Corp. | 7,000 | 7,217 | ||||||
2.35%, 12/1/22 | 26,000 | 27,076 | ||||||
Tyson Foods, Inc. |
| |||||||
4.50%, 6/15/22 | 87,000 | 92,803 | ||||||
3.95%, 8/15/24(a) | 14,000 | 15,519 | ||||||
U.S. Bancorp |
| |||||||
3.00%, 3/15/22 | 95,000 | 99,171 | ||||||
2.95%, 7/15/22 | 98,000 | 102,746 | ||||||
Union Electric Co. | 40,000 | 43,336 | ||||||
Union Pacific Corp. |
| |||||||
2.95%, 3/1/22 | 36,000 | 37,427 | ||||||
3.15%, 3/1/24 | 54,000 | 58,656 | ||||||
United Parcel Service, Inc. | 83,000 | 87,271 | ||||||
UnitedHealth Group, Inc. |
| |||||||
3.15%, 6/15/21 | 58,000 | 59,585 | ||||||
2.38%, 8/15/24 | 94,000 | 100,447 | ||||||
Verizon Communications, Inc. |
| |||||||
2.95%, 3/15/22 | 33,000 | 34,435 | ||||||
5.15%, 9/15/23 | 52,000 | 59,249 | ||||||
3.50%, 11/1/24 | 39,000 | 43,192 | ||||||
3.38%, 2/15/25 | 46,000 | 51,215 | ||||||
ViacomCBS, Inc. | 111,000 | 127,053 | ||||||
Visa, Inc. | 45,000 | 46,784 | ||||||
Walgreen Co. | 12,000 | 12,580 | ||||||
Walgreens Boots Alliance, Inc. | 43,000 | 47,393 | ||||||
Walmart, Inc. | 84,000 | 91,558 | ||||||
Walt Disney Co. (The) | 46,000 | 51,049 | ||||||
Wells Fargo & Co. |
| |||||||
4.60%, 4/1/21 | 64,000 | 65,985 | ||||||
3.75%, 1/24/24 | 122,000 | 133,391 | ||||||
3.30%, 9/9/24(a) | 146,000 | 160,045 | ||||||
See Notes to Financial Statements.
| 70 | WisdomTree Trust |
Schedule of Investments (concluded)
WisdomTree U.S. Short-Term Corporate Bond Fund (SFIG)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
2.16%, 2/11/26, (3-month U.S. dollar London Interbank Offered Rate + 0.75%)(c) | $ | 100,000 | $ | 103,132 | ||||
WestRock RKT LLC | 9,000 | 9,584 | ||||||
Xcel Energy, Inc. | 28,000 | 28,306 | ||||||
Xilinx, Inc. | 76,000 | 81,613 | ||||||
Zoetis, Inc. | 31,000 | 32,744 | ||||||
TOTAL U.S. CORPORATE BONDS (Cost: $18,265,536) |
| 18,926,676 | ||||||
| FOREIGN CORPORATE BONDS – 4.3% |
| |||||||
| Australia – 0.2% |
| |||||||
National Australia Bank Ltd. | 46,000 | 47,661 | ||||||
| Germany – 1.2% |
| |||||||
Deutsche Bank AG |
| |||||||
2.70%, 7/13/20 | 36,000 | 36,008 | ||||||
4.25%, 10/14/21 | 100,000 | 102,646 | ||||||
3.70%, 5/30/24(a) | 100,000 | 104,352 | ||||||
|
| |||||||
| Total Germany |
| 243,006 | ||||||
| Switzerland – 0.6% |
| |||||||
ABB Finance USA, Inc. | 28,000 | 29,691 | ||||||
Novartis Capital Corp. |
| |||||||
2.40%, 5/17/22 | 20,000 | 20,759 | ||||||
2.40%, 9/21/22 | 62,000 | 64,684 | ||||||
|
| |||||||
| Total Switzerland |
| 115,134 | ||||||
| United Kingdom – 2.3% |
| |||||||
BAT Capital Corp. | 86,000 | 92,156 | ||||||
Diageo Investment Corp. | 108,000 | 112,745 | ||||||
GlaxoSmithKline Capital, Inc. | 56,000 | 60,406 | ||||||
HSBC Holdings PLC | 104,000 | 109,780 | ||||||
Unilever Capital Corp. | 95,000 | 99,166 | ||||||
|
| |||||||
| Total United Kingdom |
| 474,253 | ||||||
TOTAL FOREIGN CORPORATE BONDS (Cost: $851,593) |
| 880,054 | ||||||
| U.S. GOVERNMENT OBLIGATIONS – 0.2% |
| |||||||
| U.S. Treasury Note – 0.2% |
| |||||||
2.63%, 8/31/20 | ||||||||
| (Cost: $40,987) | 41,000 | 41,167 | ||||||
| Shares | ||||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.1% |
| |||||||
| United States – 8.1% |
| |||||||
State Street Navigator Securities Lending | ||||||||
| (Cost: $1,661,425) | 1,661,425 | 1,661,425 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 104.3% (Cost: $20,819,541) |
| 21,509,322 | ||||||
Other Assets less Liabilities – (4.3)% |
| (877,456 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 20,631,866 | |||||
| (a) | Security, or portion thereof, was on loan at June 30, 2020 (See Note 2). At June 30, 2020, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,635,556 and the total market value of the collateral held by the Fund was $1,682,906. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $21,481. |
| (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 reflects the accrual rate as of June 30, 2020 on securities with variable or step rates. |
| (d) | Rate shown represents annualized 7-day yield as of June 30, 2020. |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Corporate Bonds | $ | — | $ | 18,926,676 | $ | — | $ | 18,926,676 | ||||||||
Foreign Corporate Bonds | — | 880,054 | — | 880,054 | ||||||||||||
U.S. Government Obligations | — | 41,167 | — | 41,167 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 1,661,425 | — | 1,661,425 | ||||||||||||
Total Investments in Securities | $ | — | $ | 21,509,322 | $ | — | $ | 21,509,322 | ||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 71 |
Schedule of Investments
WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
| U.S. CORPORATE BONDS – 94.9% |
| |||||||
| United States – 94.9% |
| |||||||
Acadia Healthcare Co., Inc. | $ | 150,000 | $ | 150,443 | ||||
ADT Security Corp. (The) |
| |||||||
6.25%, 10/15/21 | 125,000 | 128,409 | ||||||
3.50%, 7/15/22 | 150,000 | 149,567 | ||||||
4.13%, 6/15/23 | 67,000 | 67,342 | ||||||
AECOM | 150,000 | 162,391 | ||||||
Allison Transmission, Inc. | 92,000 | 92,056 | ||||||
AMC Networks, Inc. |
| |||||||
4.75%, 12/15/22 | 125,000 | 124,966 | ||||||
5.00%, 4/1/24 | 272,000 | 270,130 | ||||||
American Airlines Group, Inc. | 200,000 | 116,608 | ||||||
Antero Resources Corp. | 200,000 | 185,664 | ||||||
Ashland LLC | 5,000 | 5,284 | ||||||
Berry Global, Inc. | 73,000 | 73,337 | ||||||
Blue Cube Spinco LLC | 45,000 | 46,490 | ||||||
BMC East LLC | 100,000 | 101,115 | ||||||
Calumet Specialty Products Partners L.P. | 25,000 | 23,963 | ||||||
CCO Holdings LLC | 177,000 | 177,994 | ||||||
CenturyLink, Inc. |
| |||||||
5.80%, 3/15/22, Series T | 293,000 | 301,709 | ||||||
7.50%, 4/1/24, Series Y | 209,000 | 230,038 | ||||||
Chemours Co. (The) | 250,000 | 240,651 | ||||||
Cinemark USA, Inc. | 50,000 | 42,406 | ||||||
Cleveland-Cliffs, Inc. | 75,000 | 70,773 | ||||||
Cogent Communications Group, Inc. | 228,000 | 235,356 | ||||||
Colfax Corp. | 116,000 | 119,927 | ||||||
CommScope, Inc. |
| |||||||
5.00%, 6/15/21(a) | 8,000 | 8,000 | ||||||
5.50%, 6/15/24(a)(b) | 124,000 | 126,273 | ||||||
Community Health Systems, Inc. |
| |||||||
6.25%, 3/31/23 | 277,000 | 261,266 | ||||||
8.63%, 1/15/24(a)(b) | 300,000 | 294,298 | ||||||
Consolidated Communications, Inc. | 206,000 | 190,123 | ||||||
Crestwood Midstream Partners L.P. | 100,000 | 89,261 | ||||||
Crown Americas LLC | 150,000 | 154,217 | ||||||
CSC Holdings LLC |
| |||||||
6.75%, 11/15/21 | 166,000 | 174,719 | ||||||
5.88%, 9/15/22 | 311,000 | 325,687 | ||||||
CVR Partners L.P. | 195,000 | 191,608 | ||||||
DCP Midstream Operating L.P. | 50,000 | 48,656 | ||||||
Dell International LLC | 165,000 | 165,308 | ||||||
Denbury Resources, Inc. |
| |||||||
9.00%, 5/15/21(a)(e) | 178,000 | 68,586 | ||||||
9.25%, 3/31/22(a)(e) | 242,000 | 97,651 | ||||||
Diamond Resorts International, Inc. | 261,000 | 250,721 | ||||||
Diebold Nixdorf, Inc. | 76,000 | 60,507 | ||||||
DISH DBS Corp. |
| |||||||
6.75%, 6/1/21 | 100,000 | 102,040 | ||||||
5.88%, 7/15/22 | 314,000 | 319,974 | ||||||
5.00%, 3/15/23 | 268,000 | 267,736 | ||||||
DPL, Inc. | 2,000 | 2,132 | ||||||
Edgewell Personal Care Co. | 174,000 | 180,635 | ||||||
EMC Corp. | 256,000 | 259,741 | ||||||
Ferrellgas L.P. | 145,000 | 122,310 | ||||||
Ford Motor Co. | 200,000 | 211,875 | ||||||
Ford Motor Credit Co. LLC |
| |||||||
5.88%, 8/2/21 | 200,000 | 202,344 | ||||||
4.06%, 11/1/24 | 200,000 | 191,401 | ||||||
Freeport-McMoRan, Inc. |
| |||||||
3.55%, 3/1/22 | 250,000 | 250,556 | ||||||
3.88%, 3/15/23 | 423,000 | 423,846 | ||||||
Frontier Communications Corp. | 50,000 | 16,551 | ||||||
Genworth Holdings, Inc. |
| |||||||
7.63%, 9/24/21 | 140,000 | 131,483 | ||||||
4.90%, 8/15/23 | 140,000 | 112,437 | ||||||
4.80%, 2/15/24(b) | 126,000 | 100,879 | ||||||
Goodyear Tire & Rubber Co. (The) | 348,000 | 333,972 | ||||||
Griffon Corp. | 123,000 | 123,395 | ||||||
Hanesbrands, Inc. | 50,000 | 49,880 | ||||||
HAT Holdings I LLC | 117,000 | 119,572 | ||||||
HCA, Inc. | 180,000 | 194,891 | ||||||
Hilton Domestic Operating Co., Inc. | 100,000 | 97,385 | ||||||
Hughes Satellite Systems Corp. |
| |||||||
7.63%, 6/15/21 | 53,000 | 54,711 | ||||||
6.63%, 8/1/26 | 50,000 | 52,072 | ||||||
See Notes to Financial Statements.
| 72 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Huntsman International LLC | $ | 70,000 | $ | 74,181 | ||||
JBS USA LUX S.A. | 100,000 | 101,532 | ||||||
KB Home | 100,000 | 109,365 | ||||||
Kennedy-Wilson, Inc. | 75,000 | 74,859 | ||||||
KFC Holding Co. | 121,000 | 123,584 | ||||||
L Brands, Inc. | 243,000 | 230,287 | ||||||
Lamb Weston Holdings, Inc. | 50,000 | 52,005 | ||||||
Lennar Corp. |
| |||||||
4.13%, 1/15/22 | 71,000 | 72,045 | ||||||
4.75%, 11/15/22 | 75,000 | 77,792 | ||||||
4.50%, 4/30/24 | 250,000 | 260,599 | ||||||
Level 3 Financing, Inc. |
| |||||||
5.38%, 8/15/22 | 144,000 | 144,174 | ||||||
5.63%, 2/1/23 | 41,000 | 41,156 | ||||||
Lions Gate Capital Holdings LLC |
| |||||||
6.38%, 2/1/24(a) | 60,000 | 58,687 | ||||||
5.88%, 11/1/24(a)(b) | 248,000 | 237,744 | ||||||
Live Nation Entertainment, Inc. | 121,000 | 109,277 | ||||||
Magellan Health, Inc. | 100,000 | 101,565 | ||||||
Martin Midstream Partners L.P. | 334,000 | 251,711 | ||||||
MDC Partners, Inc. | 100,000 | 93,313 | ||||||
MEDNAX, Inc. | 222,000 | 221,468 | ||||||
Meritor, Inc. | 65,000 | 65,724 | ||||||
MGM Growth Properties Operating Partnership L.P. | 250,000 | 259,406 | ||||||
MGM Resorts International | 315,000 | 318,971 | ||||||
Molina Healthcare, Inc. | 194,000 | 198,312 | ||||||
Nationstar Mortgage Holdings, Inc. | 115,000 | 118,313 | ||||||
Navient Corp. |
| |||||||
6.50%, 6/15/22 | 199,000 | 196,139 | ||||||
5.50%, 1/25/23 | 118,000 | 113,501 | ||||||
7.25%, 9/25/23 | 147,000 | 144,134 | ||||||
6.13%, 3/25/24(b) | 100,000 | 95,312 | ||||||
5.88%, 10/25/24(b) | 150,000 | 141,374 | ||||||
NCR Corp. | 423,000 | 423,133 | ||||||
Newell Brands, Inc. | 225,000 | 232,830 | ||||||
Newmark Group, Inc. | 354,000 | 352,352 | ||||||
Nexstar Broadcasting, Inc. | 300,000 | 303,031 | ||||||
NextEra Energy Operating Partners L.P. | 269,000 | 272,559 | ||||||
Nielsen Finance LLC | 451,000 | 449,854 | ||||||
Occidental Petroleum Corp. |
| |||||||
2.70%, 2/15/23 | 200,000 | 183,250 | ||||||
2.90%, 8/15/24 | 200,000 | 171,294 | ||||||
PBF Logistics L.P. | 260,000 | 248,459 | ||||||
Peabody Energy Corp. | 429,000 | 280,191 | ||||||
Performance Food Group, Inc. | 100,000 | 99,365 | ||||||
Plantronics, Inc. | 150,000 | 131,155 | ||||||
PolyOne Corp. | 50,000 | 54,156 | ||||||
PQ Corp. | 50,000 | 50,955 | ||||||
Prestige Brands, Inc. | 175,000 | 179,831 | ||||||
Prime Security Services Borrower LLC | 117,000 | 119,937 | ||||||
Realogy Group LLC | 234,000 | 219,521 | ||||||
Sabre GLBL, Inc. | 175,000 | 163,825 | ||||||
Sealed Air Corp. | 193,000 | 198,986 | ||||||
SESI LLC | 196,000 | 71,540 | ||||||
Sirius XM Radio, Inc. |
| |||||||
3.88%, 8/1/22(a) | 294,000 | 296,550 | ||||||
4.63%, 5/15/23(a) | 43,000 | 43,349 | ||||||
Six Flags Entertainment Corp. | 119,000 | 106,876 | ||||||
Springleaf Finance Corp. |
| |||||||
6.13%, 5/15/22(b) | 429,000 | 438,226 | ||||||
6.13%, 3/15/24 | 200,000 | 203,661 | ||||||
Sprint Corp. |
| |||||||
7.88%, 9/15/23 | 250,000 | 281,874 | ||||||
7.13%, 6/15/24 | 150,000 | 169,641 | ||||||
Steel Dynamics, Inc. | 85,000 | 85,746 | ||||||
Stericycle, Inc. | 117,000 | 120,217 | ||||||
Sunoco L.P. | 120,000 | 118,637 | ||||||
T-Mobile USA, Inc. | 150,000 | 154,070 | ||||||
Taylor Morrison Communities, Inc. | 114,000 | 117,266 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 73 |
Schedule of Investments (concluded)
WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (SFHY)
June 30, 2020
| Investments | Principal Amount | Value | ||||||
Tenet Healthcare Corp. |
| |||||||
8.13%, 4/1/22 | $ | 271,000 | $ | 285,038 | ||||
6.75%, 6/15/23 | 339,000 | 336,796 | ||||||
Toll Brothers Finance Corp. |
| |||||||
5.88%, 2/15/22 | 76,000 | 79,390 | ||||||
4.38%, 4/15/23 | 125,000 | 130,143 | ||||||
TransDigm, Inc. | 250,000 | 239,349 | ||||||
TreeHouse Foods, Inc. | 100,000 | 102,261 | ||||||
TRI Pointe Group, Inc. | 75,000 | 77,299 | ||||||
U.S. Concrete, Inc. | 150,000 | 148,516 | ||||||
U.S. Foods, Inc. | 100,000 | 95,261 | ||||||
Vista Outdoor, Inc. | 231,000 | 226,644 | ||||||
WR Grace & Co-Conn | 100,000 | 105,380 | ||||||
Xerox Corp. | 190,000 | 190,306 | ||||||
XPO Logistics, Inc. |
| |||||||
6.13%, 9/1/23(a) | 119,000 | 120,797 | ||||||
6.75%, 8/15/24(a) | 100,000 | 105,021 | ||||||
TOTAL U.S. CORPORATE BONDS (Cost: $23,285,685) |
| 22,216,386 | ||||||
| FOREIGN CORPORATE BONDS – 1.7% |
| |||||||
| Mexico – 0.8% |
| |||||||
CEMEX Finance LLC | 200,000 | 198,562 | ||||||
| United Kingdom – 0.9% |
| |||||||
Avon International Operations, Inc. | 207,000 | 207,955 | ||||||
TOTAL FOREIGN CORPORATE BONDS (Cost: $408,250) |
| 406,517 | ||||||
| Shares | ||||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 13.9% |
| |||||||
| United States – 13.9% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.13%(f) | ||||||||
| (Cost: $3,245,178) | 3,245,178 | 3,245,178 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 110.5% (Cost: $26,939,113) |
| 25,868,081 | ||||||
Other Assets less Liabilities – (10.5)% |
| (2,450,466 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 23,417,615 | |||||
| (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, 2020 (See Note 2). At June 30, 2020, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,200,739 and the total market value of the collateral held by the Fund was $3,304,579. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $59,401. |
| (c) | Security in default on interest payments. |
| (d) | The issuer of this bond has filed for Chapter 11 bankruptcy protection. |
| (e) | Subsequent to June 30, 2020, the issuer of this bond filed for Chapter 11 bankruptcy protection. |
| (f) | Rate shown represents annualized 7-day yield as of June 30, 2020. |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Corporate Bonds | $ | — | $ | 22,216,386 | $ | — | $ | 22,216,386 | ||||||||
Foreign Corporate Bonds | — | 406,517 | — | 406,517 | ||||||||||||
Investment of Cash Collateral for Securities Loaned | — | 3,245,178 | — | 3,245,178 | ||||||||||||
Total Investments in Securities | $ | — | $ | 25,868,081 | $ | — | $ | 25,868,081 | ||||||||
See Notes to Financial Statements.
| 74 | WisdomTree Trust |
Schedule of Investments
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
June 30, 2020
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 90.2% |
| |||||||
| Argentina – 0.1% |
| |||||||
| Internet & Direct Marketing Retail – 0.1% |
| |||||||
MercadoLibre, Inc.* | 234 | $ | 230,670 | |||||
| China – 0.1% |
| |||||||
| Hotels, Restaurants & Leisure – 0.1% |
| |||||||
Yum China Holdings, Inc. | 3,472 | 166,899 | ||||||
| Israel – 0.0% |
| |||||||
| Software – 0.0% |
| |||||||
Check Point Software Technologies Ltd.* | 1,104 | 118,603 | ||||||
| Netherlands – 0.1% |
| |||||||
| Semiconductors & Semiconductor Equipment – 0.1% |
| |||||||
NXP Semiconductors N.V. | 2,712 | 309,276 | ||||||
| Peru – 0.0% |
| |||||||
| Banks – 0.0% |
| |||||||
Credicorp Ltd. | 258 | 34,487 | ||||||
| Russia – 0.1% |
| |||||||
| Interactive Media & Services – 0.1% |
| |||||||
Yandex N.V. Class A* | 2,731 | 136,605 | ||||||
| United Kingdom – 0.5% |
| |||||||
| Beverages – 0.0% |
| |||||||
Coca-Cola European Partners PLC | 1,673 | 63,173 | ||||||
| Chemicals – 0.4% |
| |||||||
Linde PLC | 4,611 | 978,039 | ||||||
| Diversified Telecommunication Services – 0.1% |
| |||||||
Liberty Global PLC Class C* | 4,279 | 92,041 | ||||||
| Total United Kingdom |
| 1,133,253 | ||||||
| United States – 89.3% |
| |||||||
| Aerospace & Defense – 1.4% |
| |||||||
Boeing Co. (The) | 3,835 | 702,955 | ||||||
General Dynamics Corp. | 2,260 | 337,780 | ||||||
Howmet Aerospace, Inc. | 2,646 | 41,939 | ||||||
L3Harris Technologies, Inc. | 1,711 | 290,305 | ||||||
Lockheed Martin Corp. | 2,251 | 821,435 | ||||||
Northrop Grumman Corp. | 1,248 | 383,685 | ||||||
Raytheon Technologies Corp. | 7,649 | 471,331 | ||||||
Teledyne Technologies, Inc.* | 146 | 45,399 | ||||||
TransDigm Group, Inc. | 292 | 129,079 | ||||||
|
| |||||||
| Total Aerospace & Defense |
| 3,223,908 | ||||||
| Air Freight & Logistics – 0.5% |
| |||||||
C.H. Robinson Worldwide, Inc. | 775 | 61,272 | ||||||
Expeditors International of Washington, Inc. | 1,170 | 88,967 | ||||||
FedEx Corp. | 2,019 | 283,104 | ||||||
United Parcel Service, Inc. Class B | 6,146 | 683,312 | ||||||
|
| |||||||
| Total Air Freight & Logistics |
| 1,116,655 | ||||||
| Airlines – 0.1% |
| |||||||
American Airlines Group, Inc. | 1,701 | 22,232 | ||||||
Delta Air Lines, Inc. | 4,726 | 132,564 | ||||||
Southwest Airlines Co. | 3,266 | 111,632 | ||||||
United Airlines Holdings, Inc.* | 632 | 21,874 | ||||||
|
| |||||||
| Total Airlines |
| 288,302 | ||||||
| Auto Components – 0.1% |
| |||||||
Aptiv PLC | 2,092 | 163,009 | ||||||
| Automobiles – 0.6% |
| |||||||
Ford Motor Co. | 24,245 | 147,410 | ||||||
General Motors Co. | 9,734 | 246,270 | ||||||
Tesla, Inc.* | 964 | 1,040,937 | ||||||
|
| |||||||
| Total Automobiles |
| 1,434,617 | ||||||
| Banks – 2.7% |
| |||||||
Bank of America Corp. | 66,008 | 1,567,690 | ||||||
Citigroup, Inc. | 15,056 | 769,362 | ||||||
Citizens Financial Group, Inc. | 3,402 | 85,867 | ||||||
Comerica, Inc. | 819 | 31,204 | ||||||
Fifth Third Bancorp | 4,914 | 94,742 | ||||||
First Republic Bank | 1,577 | 167,146 | ||||||
Huntington Bancshares, Inc. | 8,127 | 73,428 | ||||||
JPMorgan Chase & Co. | 20,474 | 1,925,784 | ||||||
KeyCorp | 8,316 | 101,289 | ||||||
M&T Bank Corp. | 819 | 85,151 | ||||||
PNC Financial Services Group, Inc. (The) | 3,015 | 317,208 | ||||||
Regions Financial Corp. | 7,552 | 83,978 | ||||||
SVB Financial Group* | 326 | 70,263 | ||||||
Truist Financial Corp. | 9,867 | 370,506 | ||||||
U.S. Bancorp | 10,533 | 387,825 | ||||||
Wells Fargo & Co. | 12,677 | 324,531 | ||||||
|
| |||||||
| Total Banks |
| 6,455,974 | ||||||
| Beverages – 1.5% |
| |||||||
Brown-Forman Corp. Class B | 1,949 | 124,073 | ||||||
Coca-Cola Co. (The) | 32,588 | 1,456,032 | ||||||
Constellation Brands, Inc. Class A | 1,248 | 218,338 | ||||||
Molson Coors Beverage Co. Class B | 1,197 | 41,129 | ||||||
Monster Beverage Corp.* | 3,433 | 237,976 | ||||||
PepsiCo, Inc. | 11,798 | 1,560,403 | ||||||
|
| |||||||
| Total Beverages |
| 3,637,951 | ||||||
| Biotechnology – 2.2% |
| |||||||
AbbVie, Inc. | 14,827 | 1,455,715 | ||||||
Alexion Pharmaceuticals, Inc.* | 1,247 | 139,963 | ||||||
Amgen, Inc. | 4,611 | 1,087,551 | ||||||
Biogen, Inc.* | 1,404 | 375,640 | ||||||
BioMarin Pharmaceutical, Inc.* | 1,174 | 144,801 | ||||||
Exact Sciences Corp.* | 1,038 | 90,244 | ||||||
Gilead Sciences, Inc. | 9,984 | 768,169 | ||||||
Incyte Corp.* | 1,560 | 162,193 | ||||||
Regeneron Pharmaceuticals, Inc.* | 558 | 347,997 | ||||||
Seattle Genetics, Inc.* | 841 | 142,903 | ||||||
Vertex Pharmaceuticals, Inc.* | 1,485 | 431,110 | ||||||
|
| |||||||
| Total Biotechnology |
| 5,146,286 | ||||||
| Building Products – 0.3% |
| |||||||
Allegion PLC | 515 | 52,643 | ||||||
Johnson Controls International PLC | 9,431 | 321,975 | ||||||
Masco Corp. | 3,448 | 173,124 | ||||||
Trane Technologies PLC | 2,001 | 178,049 | ||||||
|
| |||||||
| Total Building Products |
| 725,791 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 75 |
Schedule of Investments (continued)
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
June 30, 2020
| Investments | Shares | Value | ||||||
| Capital Markets – 2.7% |
| |||||||
Ameriprise Financial, Inc. | 1,761 | $ | 264,221 | |||||
Bank of New York Mellon Corp. (The) | 11,037 | 426,580 | ||||||
BlackRock, Inc. | 936 | 509,268 | ||||||
Charles Schwab Corp. (The) | 14,288 | 482,077 | ||||||
CME Group, Inc. | 2,649 | 430,569 | ||||||
FactSet Research Systems, Inc. | 154 | 50,584 | ||||||
Goldman Sachs Group, Inc. (The) | 3,667 | 724,673 | ||||||
Intercontinental Exchange, Inc. | 5,034 | 461,114 | ||||||
MarketAxess Holdings, Inc. | 145 | 72,633 | ||||||
Moody’s Corp. | 1,562 | 429,128 | ||||||
Morgan Stanley | 16,286 | 786,614 | ||||||
MSCI, Inc. | 858 | 286,418 | ||||||
Nasdaq, Inc. | 696 | 83,151 | ||||||
Northern Trust Corp. | 1,606 | 127,420 | ||||||
Raymond James Financial, Inc. | 1,064 | 73,235 | ||||||
S&P Global, Inc. | 1,950 | 642,486 | ||||||
State Street Corp. | 4,213 | 267,736 | ||||||
T. Rowe Price Group, Inc. | 1,831 | 226,129 | ||||||
|
| |||||||
| Total Capital Markets |
| 6,344,036 | ||||||
| Chemicals – 1.1% |
| |||||||
Air Products & Chemicals, Inc. | 1,638 | 395,511 | ||||||
Celanese Corp. | 1,254 | 108,270 | ||||||
CF Industries Holdings, Inc. | 1,197 | 33,684 | ||||||
Corteva, Inc.* | 5,820 | 155,918 | ||||||
Dow, Inc.* | 5,947 | 242,400 | ||||||
DuPont de Nemours, Inc. | 5,086 | 270,219 | ||||||
Eastman Chemical Co. | 792 | 55,155 | ||||||
Ecolab, Inc. | 2,105 | 418,790 | ||||||
FMC Corp. | 1,248 | 124,326 | ||||||
International Flavors & Fragrances, Inc. | 624 | 76,415 | ||||||
LyondellBasell Industries N.V. Class A | 2,186 | 143,664 | ||||||
PPG Industries, Inc. | 2,003 | 212,438 | ||||||
Sherwin-Williams Co. (The) | 644 | 372,135 | ||||||
|
| |||||||
| Total Chemicals |
| 2,608,925 | ||||||
| Commercial Services & Supplies – 0.4% |
| |||||||
Cintas Corp. | 779 | 207,495 | ||||||
Copart, Inc.* | 2,420 | 201,513 | ||||||
Republic Services, Inc. | 1,949 | 159,916 | ||||||
Waste Connections, Inc. | 779 | 73,062 | ||||||
Waste Management, Inc. | 3,530 | 373,862 | ||||||
|
| |||||||
| Total Commercial Services & Supplies |
| 1,015,848 | ||||||
| Communications Equipment – 0.8% |
| |||||||
Arista Networks, Inc.* | 312 | 65,529 | ||||||
Cisco Systems, Inc. | 37,329 | 1,741,025 | ||||||
Motorola Solutions, Inc. | 1,064 | 149,098 | ||||||
|
| |||||||
| Total Communications Equipment |
| 1,955,652 | ||||||
| Construction & Engineering – 0.1% |
| |||||||
Jacobs Engineering Group, Inc. | 1,610 | 136,528 | ||||||
| Construction Materials – 0.1% |
| |||||||
Martin Marietta Materials, Inc. | 539 | 111,341 | ||||||
Vulcan Materials Co. | 995 | 115,271 | ||||||
|
| |||||||
| Total Construction Materials |
| 226,612 | ||||||
| Consumer Finance – 0.5% |
| |||||||
Ally Financial, Inc. | 1,827 | 36,230 | ||||||
American Express Co. | 7,767 | 739,418 | ||||||
Capital One Financial Corp. | 3,000 | 187,770 | ||||||
Discover Financial Services | 2,268 | 113,604 | ||||||
Synchrony Financial | 4,095 | 90,745 | ||||||
|
| |||||||
| Total Consumer Finance |
| 1,167,767 | ||||||
| Containers & Packaging – 0.2% |
| |||||||
Amcor PLC* | 10,627 | 108,502 | ||||||
Ball Corp. | 2,496 | 173,447 | ||||||
International Paper Co. | 3,929 | 138,340 | ||||||
Packaging Corp. of America | 313 | 31,237 | ||||||
|
| |||||||
| Total Containers & Packaging |
| 451,526 | ||||||
| Distributors – 0.1% |
| |||||||
Genuine Parts Co. | 916 | 79,655 | ||||||
LKQ Corp.* | 3,575 | 93,665 | ||||||
|
| |||||||
| Total Distributors |
| 173,320 | ||||||
| Diversified Financial Services – 1.3% |
| |||||||
Berkshire Hathaway, Inc. Class B* | 16,930 | 3,022,174 | ||||||
| Diversified Telecommunication Services – 1.6% |
| |||||||
AT&T, Inc. | 61,777 | 1,867,519 | ||||||
CenturyLink, Inc. | 5,482 | 54,984 | ||||||
Verizon Communications, Inc. | 35,006 | 1,929,881 | ||||||
|
| |||||||
| Total Diversified Telecommunication Services |
| 3,852,384 | ||||||
| Electric Utilities – 1.7% |
| |||||||
Alliant Energy Corp. | 2,882 | 137,875 | ||||||
American Electric Power Co., Inc. | 3,813 | 303,667 | ||||||
Duke Energy Corp. | 5,911 | 472,230 | ||||||
Edison International | 1,861 | 101,071 | ||||||
Entergy Corp. | 1,945 | 182,461 | ||||||
Evergy, Inc. | 1,559 | 92,433 | ||||||
Eversource Energy | 2,326 | 193,686 | ||||||
Exelon Corp. | 7,756 | 281,465 | ||||||
FirstEnergy Corp. | 5,009 | 194,249 | ||||||
NextEra Energy, Inc. | 3,748 | 900,157 | ||||||
NRG Energy, Inc. | 3,337 | 108,653 | ||||||
Pinnacle West Capital Corp. | 1,310 | 96,010 | ||||||
PPL Corp. | 6,162 | 159,226 | ||||||
Southern Co. (The) | 9,138 | 473,805 | ||||||
Xcel Energy, Inc. | 4,428 | 276,750 | ||||||
|
| |||||||
| Total Electric Utilities |
| 3,973,738 | ||||||
| Electrical Equipment – 0.4% |
| |||||||
AMETEK, Inc. | 1,842 | 164,620 | ||||||
Eaton Corp. PLC | 3,258 | 285,010 | ||||||
Emerson Electric Co. | 6,714 | 416,469 | ||||||
Rockwell Automation, Inc. | 936 | 199,368 | ||||||
|
| |||||||
| Total Electrical Equipment |
| 1,065,467 | ||||||
See Notes to Financial Statements.
| 76 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
June 30, 2020
| Investments | Shares | Value | ||||||
| Electronic Equipment, Instruments & Components – 0.4% |
| |||||||
Amphenol Corp. Class A | 2,024 | $ | 193,919 | |||||
CDW Corp. | 873 | 101,425 | ||||||
Corning, Inc. | 9,172 | 237,555 | ||||||
Keysight Technologies, Inc.* | 1,156 | 116,502 | ||||||
TE Connectivity Ltd. | 2,786 | 227,198 | ||||||
Zebra Technologies Corp. Class A* | 87 | 22,268 | ||||||
|
| |||||||
| Total Electronic Equipment, Instruments & Components |
| 898,867 | ||||||
| Energy Equipment & Services – 0.1% |
| |||||||
Baker Hughes Co. | 3,904 | 60,082 | ||||||
Halliburton Co. | 1,449 | 18,808 | ||||||
Schlumberger Ltd. | 8,694 | 159,883 | ||||||
|
| |||||||
| Total Energy Equipment & Services |
| 238,773 | ||||||
| Entertainment – 2.0% |
| |||||||
Activision Blizzard, Inc. | 5,774 | 438,247 | ||||||
Electronic Arts, Inc.* | 2,652 | 350,197 | ||||||
Live Nation Entertainment, Inc.* | 252 | 11,171 | ||||||
Netflix, Inc.* | 3,344 | 1,521,654 | ||||||
Spotify Technology S.A.* | 555 | 143,295 | ||||||
Take-Two Interactive Software, Inc.* | 937 | 130,777 | ||||||
Walt Disney Co. (The) | 18,654 | 2,080,107 | ||||||
|
| |||||||
| Total Entertainment |
| 4,675,448 | ||||||
| Equity Real Estate Investment Trusts (REITs) – 2.4% |
| |||||||
Alexandria Real Estate Equities, Inc. | 631 | 102,380 | ||||||
American Tower Corp. | 3,432 | 887,309 | ||||||
AvalonBay Communities, Inc. | 882 | 136,393 | ||||||
Boston Properties, Inc. | 574 | 51,878 | ||||||
Camden Property Trust | 1,243 | 113,386 | ||||||
Crown Castle International Corp. | 3,179 | 532,006 | ||||||
Digital Realty Trust, Inc. | 1,702 | 241,871 | ||||||
Duke Realty Corp. | 2,185 | 77,327 | ||||||
Equinix, Inc. | 623 | 437,533 | ||||||
Equity LifeStyle Properties, Inc. | 773 | 48,297 | ||||||
Equity Residential | 2,394 | 140,815 | ||||||
Essex Property Trust, Inc. | 326 | 74,709 | ||||||
Extra Space Storage, Inc. | 1,088 | 100,499 | ||||||
Federal Realty Investment Trust | 287 | 24,455 | ||||||
Healthpeak Properties, Inc. | 2,481 | 68,376 | ||||||
Host Hotels & Resorts, Inc. | 5,418 | 58,460 | ||||||
Invitation Homes, Inc. | 7,459 | 205,346 | ||||||
Mid-America Apartment Communities, Inc. | 607 | 69,605 | ||||||
National Retail Properties, Inc. | 644 | 22,849 | ||||||
Omega Healthcare Investors, Inc. | 517 | 15,370 | ||||||
Prologis, Inc. | 5,275 | 492,316 | ||||||
Public Storage | 989 | 189,779 | ||||||
Realty Income Corp. | 2,957 | 175,942 | ||||||
Regency Centers Corp. | 1,512 | 69,386 | ||||||
SBA Communications Corp. | 1,077 | 320,860 | ||||||
Simon Property Group, Inc. | 970 | 66,329 | ||||||
Sun Communities, Inc. | 780 | 105,830 | ||||||
UDR, Inc. | 3,046 | 113,859 | ||||||
Ventas, Inc. | 1,449 | 53,062 | ||||||
VEREIT, Inc. | 3,591 | 23,090 | ||||||
VICI Properties, Inc. | 10,867 | 219,405 | ||||||
Vornado Realty Trust | 1,386 | 52,959 | ||||||
W.P. Carey, Inc. | 878 | 59,397 | ||||||
Welltower, Inc. | 3,493 | 180,763 | ||||||
Weyerhaeuser Co. | 6,106 | 137,141 | ||||||
|
| |||||||
| Total Equity Real Estate Investment Trusts (REITs) |
| 5,668,982 | ||||||
| Food & Staples Retailing – 1.4% |
| |||||||
Costco Wholesale Corp. | 3,587 | 1,087,614 | ||||||
Kroger Co. (The) | 7,030 | 237,966 | ||||||
Sysco Corp. | 4,095 | 223,833 | ||||||
U.S. Foods Holding Corp.* | 251 | 4,950 | ||||||
Walgreens Boots Alliance, Inc. | 6,250 | 264,937 | ||||||
Walmart, Inc. | 11,955 | 1,431,970 | ||||||
|
| |||||||
| Total Food & Staples Retailing |
| 3,251,270 | ||||||
| Food Products – 1.0% |
| |||||||
Archer-Daniels-Midland Co. | 4,864 | 194,074 | ||||||
Campbell Soup Co. | 1,711 | 84,917 | ||||||
Conagra Brands, Inc. | 3,509 | 123,411 | ||||||
General Mills, Inc. | 5,399 | 332,848 | ||||||
Hershey Co. (The) | 1,017 | 131,824 | ||||||
Hormel Foods Corp. | 2,976 | 143,651 | ||||||
J.M. Smucker Co. (The) | 780 | 82,532 | ||||||
Kellogg Co. | 2,713 | 179,221 | ||||||
Kraft Heinz Co. (The) | 5,272 | 168,124 | ||||||
Lamb Weston Holdings, Inc. | 1,477 | 94,425 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 780 | 139,940 | ||||||
Mondelez International, Inc. Class A | 12,703 | 649,504 | ||||||
Tyson Foods, Inc. Class A | 1,584 | 94,581 | ||||||
|
| |||||||
| Total Food Products |
| 2,419,052 | ||||||
| Gas Utilities – 0.0% |
| |||||||
Atmos Energy Corp. | 562 | 55,964 | ||||||
UGI Corp. | 1,664 | 52,915 | ||||||
|
| |||||||
| Total Gas Utilities |
| 108,879 | ||||||
| Health Care Equipment & Supplies – 3.0% |
| |||||||
Abbott Laboratories | 14,423 | 1,318,695 | ||||||
Align Technology, Inc.* | 450 | 123,498 | ||||||
Baxter International, Inc. | 4,369 | 376,171 | ||||||
Becton, Dickinson and Co. | 1,811 | 433,318 | ||||||
Boston Scientific Corp.* | 11,060 | 388,317 | ||||||
Cooper Cos., Inc. (The) | 312 | 88,496 | ||||||
Danaher Corp. | 5,230 | 924,821 | ||||||
Dentsply Sirona, Inc. | 2,597 | 114,424 | ||||||
DexCom, Inc.* | 481 | 194,997 | ||||||
Edwards Lifesciences Corp.* | 4,677 | 323,227 | ||||||
IDEXX Laboratories, Inc.* | 546 | 180,267 | ||||||
Intuitive Surgical, Inc.* | 764 | 435,350 | ||||||
Medtronic PLC | 11,952 | 1,095,998 | ||||||
ResMed, Inc. | 840 | 161,280 | ||||||
STERIS PLC | 1,017 | 156,049 | ||||||
Stryker Corp. | 2,517 | 453,538 | ||||||
Teleflex, Inc. | 172 | 62,605 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 77 |
Schedule of Investments (continued)
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
June 30, 2020
| Investments | Shares | Value | ||||||
Varian Medical Systems, Inc.* | 624 | $ | 76,452 | |||||
Zimmer Biomet Holdings, Inc. | 1,560 | 186,202 | ||||||
|
| |||||||
| Total Health Care Equipment & Supplies |
| 7,093,705 | ||||||
| Health Care Providers & Services – 2.4% |
| |||||||
AmerisourceBergen Corp. | 1,170 | 117,901 | ||||||
Anthem, Inc. | 1,872 | 492,299 | ||||||
Cardinal Health, Inc. | 2,617 | 136,581 | ||||||
Centene Corp.* | 4,391 | 279,048 | ||||||
Cigna Corp.* | 2,694 | 505,529 | ||||||
CVS Health Corp. | 11,874 | 771,454 | ||||||
HCA Healthcare, Inc. | 1,701 | 165,099 | ||||||
Henry Schein, Inc.* | 1,247 | 72,812 | ||||||
Humana, Inc. | 935 | 362,546 | ||||||
Laboratory Corp. of America Holdings* | 702 | 116,609 | ||||||
McKesson Corp. | 1,560 | 239,335 | ||||||
Quest Diagnostics, Inc. | 1,091 | 124,330 | ||||||
UnitedHealth Group, Inc. | 7,391 | 2,179,976 | ||||||
Universal Health Services, Inc. Class B | 567 | 52,669 | ||||||
|
| |||||||
| Total Health Care Providers & Services |
| 5,616,188 | ||||||
| Health Care Technology – 0.2% |
| |||||||
Cerner Corp. | 3,997 | 273,994 | ||||||
Veeva Systems, Inc. Class A* | 935 | 219,183 | ||||||
|
| |||||||
| Total Health Care Technology |
| 493,177 | ||||||
| Hotels, Restaurants & Leisure – 1.4% |
| |||||||
Carnival Corp. | 1,479 | 24,285 | ||||||
Chipotle Mexican Grill, Inc.* | 234 | 246,252 | ||||||
Darden Restaurants, Inc. | 287 | 21,746 | ||||||
Domino’s Pizza, Inc. | 312 | 115,265 | ||||||
Hilton Worldwide Holdings, Inc. | 2,170 | 159,387 | ||||||
Las Vegas Sands Corp. | 3,137 | 142,859 | ||||||
Marriott International, Inc. Class A | 2,079 | 178,233 | ||||||
McDonald’s Corp. | 7,234 | 1,334,456 | ||||||
MGM Resorts International | 1,050 | 17,640 | ||||||
Norwegian Cruise Line Holdings Ltd.* | 1,415 | 23,248 | ||||||
Royal Caribbean Cruises Ltd. | 914 | 45,974 | ||||||
Starbucks Corp. | 10,894 | 801,690 | ||||||
Wynn Resorts Ltd. | 315 | 23,464 | ||||||
Yum! Brands, Inc. | 1,722 | 149,659 | ||||||
|
| |||||||
| Total Hotels, Restaurants & Leisure |
| 3,284,158 | ||||||
| Household Durables – 0.3% |
| |||||||
D.R. Horton, Inc. | 4,273 | 236,938 | ||||||
Garmin Ltd. | 854 | 83,265 | ||||||
Lennar Corp. Class A | 3,605 | 222,140 | ||||||
NVR, Inc.* | 8 | 26,070 | ||||||
PulteGroup, Inc. | 3,044 | 103,587 | ||||||
Whirlpool Corp. | 283 | 36,657 | ||||||
|
| |||||||
| Total Household Durables |
| 708,657 | ||||||
| Household Products – 1.6% |
| |||||||
Church & Dwight Co., Inc. | 1,872 | 144,706 | ||||||
Clorox Co. (The) | 1,172 | 257,102 | ||||||
Colgate-Palmolive Co. | 7,886 | 577,728 | ||||||
Kimberly-Clark Corp. | 2,651 | 374,719 | ||||||
Procter & Gamble Co. (The) | 20,283 | 2,425,238 | ||||||
|
| |||||||
| Total Household Products |
| 3,779,493 | ||||||
| Independent Power & Renewable Electricity Producers – 0.0% |
| |||||||
AES Corp. (The) | 2,162 | 31,328 | ||||||
Vistra Energy Corp. | 4,002 | 74,517 | ||||||
|
| |||||||
| Total Independent Power & Renewable Electricity Producers |
| 105,845 | ||||||
| Industrial Conglomerates – 1.0% |
| |||||||
3M Co. | 5,133 | 800,697 | ||||||
General Electric Co. | 56,640 | 386,851 | ||||||
Honeywell International, Inc. | 6,294 | 910,049 | ||||||
Roper Technologies, Inc. | 702 | 272,559 | ||||||
|
| |||||||
| Total Industrial Conglomerates |
| 2,370,156 | ||||||
| Insurance – 1.8% |
| |||||||
Aflac, Inc. | 5,481 | 197,480 | ||||||
Alleghany Corp. | 63 | 30,816 | ||||||
Allstate Corp. (The) | 3,013 | 292,231 | ||||||
American International Group, Inc. | 5,976 | 186,332 | ||||||
Aon PLC | 2,007 | 386,548 | ||||||
Arch Capital Group Ltd.* | 2,394 | 68,588 | ||||||
Arthur J. Gallagher & Co. | 1,562 | 152,279 | ||||||
Chubb Ltd. | 3,725 | 471,659 | ||||||
Cincinnati Financial Corp. | 854 | 54,682 | ||||||
Fidelity National Financial, Inc. | 2,245 | 68,832 | ||||||
Globe Life, Inc. | 1,545 | 114,685 | ||||||
Hartford Financial Services Group, Inc. (The) | 2,679 | 103,275 | ||||||
Lincoln National Corp. | 1,638 | 60,262 | ||||||
Loews Corp. | 819 | 28,084 | ||||||
Markel Corp.* | 150 | 138,476 | ||||||
Marsh & McLennan Cos., Inc. | 4,431 | 475,756 | ||||||
MetLife, Inc. | 7,228 | 263,967 | ||||||
Principal Financial Group, Inc. | 1,280 | 53,171 | ||||||
Progressive Corp. (The) | 4,806 | 385,009 | ||||||
Prudential Financial, Inc. | 2,583 | 157,305 | ||||||
Reinsurance Group of America, Inc. | 186 | 14,590 | ||||||
Travelers Cos., Inc. (The) | 2,403 | 274,062 | ||||||
W.R. Berkley Corp. | 1,111 | 63,649 | ||||||
Willis Towers Watson PLC | 935 | 184,148 | ||||||
|
| |||||||
| Total Insurance |
| 4,225,886 | ||||||
| Interactive Media & Services – 5.2% |
| |||||||
Alphabet, Inc. Class A* | 2,496 | 3,539,453 | ||||||
Alphabet, Inc. Class C* | 2,726 | 3,853,501 | ||||||
Facebook, Inc. Class A* | 19,806 | 4,497,349 | ||||||
IAC/InterActiveCorp* | 546 | 176,576 | ||||||
Snap, Inc. Class A* | 9,215 | 216,460 | ||||||
Twitter, Inc.* | 8,246 | 245,648 | ||||||
|
| |||||||
| Total Interactive Media & Services |
| 12,528,987 | ||||||
| Internet & Direct Marketing Retail – 4.5% |
| |||||||
Amazon.com, Inc.* | 3,523 | 9,719,323 | ||||||
Booking Holdings, Inc.* | 312 | 496,810 | ||||||
eBay, Inc. | 8,001 | 419,653 | ||||||
Expedia Group, Inc. | 756 | 62,143 | ||||||
|
| |||||||
| Total Internet & Direct Marketing Retail |
| 10,697,929 | ||||||
See Notes to Financial Statements.
| 78 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
June 30, 2020
| Investments | Shares | Value | ||||||
| IT Services – 5.5% |
| |||||||
Accenture PLC Class A | 5,909 | $ | 1,268,780 | |||||
Akamai Technologies, Inc.* | 1,562 | 167,275 | ||||||
Automatic Data Processing, Inc. | 3,445 | 512,926 | ||||||
Booz Allen Hamilton Holding Corp. | 533 | 41,462 | ||||||
Broadridge Financial Solutions, Inc. | 780 | 98,428 | ||||||
Cognizant Technology Solutions Corp. Class A | 5,342 | 303,532 | ||||||
EPAM Systems, Inc.* | 244 | 61,490 | ||||||
Fidelity National Information Services, Inc. | 5,597 | 750,502 | ||||||
Fiserv, Inc.* | 4,684 | 457,252 | ||||||
FleetCor Technologies, Inc.* | 624 | 156,955 | ||||||
Gartner, Inc.* | 559 | 67,823 | ||||||
Global Payments, Inc. | 1,872 | 317,529 | ||||||
GoDaddy, Inc. Class A* | 1,948 | 142,847 | ||||||
International Business Machines Corp. | 7,627 | 921,113 | ||||||
Jack Henry & Associates, Inc. | 311 | 57,233 | ||||||
Leidos Holdings, Inc. | 842 | 78,870 | ||||||
MasterCard, Inc. Class A | 7,178 | 2,122,535 | ||||||
Okta, Inc.* | 477 | 95,510 | ||||||
Paychex, Inc. | 3,735 | 282,926 | ||||||
PayPal Holdings, Inc.* | 9,846 | 1,715,469 | ||||||
Square, Inc. Class A* | 3,724 | 390,797 | ||||||
Twilio, Inc. Class A* | 947 | 207,791 | ||||||
VeriSign, Inc.* | 780 | 161,327 | ||||||
Visa, Inc. Class A | 14,342 | 2,770,444 | ||||||
|
| |||||||
| Total IT Services |
| 13,150,816 | ||||||
| Leisure Products – 0.0% |
| |||||||
Hasbro, Inc. | 882 | 66,106 | ||||||
| Life Sciences Tools & Services – 0.9% |
| |||||||
Agilent Technologies, Inc. | 2,962 | 261,752 | ||||||
Illumina, Inc.* | 934 | 345,907 | ||||||
IQVIA Holdings, Inc.* | 1,402 | 198,916 | ||||||
Mettler-Toledo International, Inc.* | 155 | 124,860 | ||||||
Thermo Fisher Scientific, Inc. | 3,263 | 1,182,316 | ||||||
Waters Corp.* | 546 | 98,498 | ||||||
|
| |||||||
| Total Life Sciences Tools & Services |
| 2,212,249 | ||||||
| Machinery – 1.2% |
| |||||||
Caterpillar, Inc. | 5,524 | 698,786 | ||||||
Cummins, Inc. | 1,367 | 236,846 | ||||||
Deere & Co. | 2,479 | 389,575 | ||||||
Dover Corp. | 1,909 | 184,333 | ||||||
Fortive Corp. | 2,148 | 145,334 | ||||||
IDEX Corp. | 229 | 36,191 | ||||||
Illinois Tool Works, Inc. | 2,467 | 431,355 | ||||||
PACCAR, Inc. | 2,951 | 220,882 | ||||||
Parker-Hannifin Corp. | 1,154 | 211,494 | ||||||
Stanley Black & Decker, Inc. | 1,413 | 196,944 | ||||||
Westinghouse Air Brake Technologies Corp. | 1,408 | 81,059 | ||||||
Xylem, Inc. | 1,313 | 85,292 | ||||||
|
| |||||||
| Total Machinery |
| 2,918,091 | ||||||
| Media – 1.2% |
| |||||||
Altice USA, Inc. Class A* | 3,435 | 77,425 | ||||||
Charter Communications, Inc. Class A* | 1,326 | 676,313 | ||||||
Comcast Corp. Class A | 39,948 | 1,557,173 | ||||||
Discovery, Inc. Class C* | 946 | 18,220 | ||||||
DISH Network Corp. Class A* | 2,056 | 70,953 | ||||||
Fox Corp. Class A | 3,426 | 91,885 | ||||||
Liberty Broadband Corp. Class C* | 1,720 | 213,211 | ||||||
Omnicom Group, Inc. | 1,512 | 82,555 | ||||||
ViacomCBS, Inc. Class B | 2,926 | 68,234 | ||||||
|
| |||||||
| Total Media |
| 2,855,969 | ||||||
| Metals & Mining – 0.3% |
| |||||||
Freeport-McMoRan, Inc. | 10,323 | 119,437 | ||||||
Newmont Corp. | 6,639 | 409,892 | ||||||
Nucor Corp. | 2,088 | 86,464 | ||||||
|
| |||||||
| Total Metals & Mining |
| 615,793 | ||||||
| Mortgage Real Estate Investment Trusts (REITs) – 0.0% |
| |||||||
Annaly Capital Management, Inc. | 5,965 | 39,130 | ||||||
| Multi-Utilities – 0.8% |
| |||||||
Ameren Corp. | 1,651 | 116,165 | ||||||
CenterPoint Energy, Inc. | 1,449 | 27,053 | ||||||
CMS Energy Corp. | 2,807 | 163,985 | ||||||
Consolidated Edison, Inc. | 2,839 | 204,209 | ||||||
Dominion Energy, Inc. | 6,255 | 507,781 | ||||||
DTE Energy Co. | 1,050 | 112,875 | ||||||
NiSource, Inc. | 3,699 | 84,115 | ||||||
Public Service Enterprise Group, Inc. | 3,607 | 177,320 | ||||||
Sempra Energy | 1,940 | 227,426 | ||||||
WEC Energy Group, Inc. | 2,966 | 259,970 | ||||||
|
| |||||||
| Total Multi-Utilities |
| 1,880,899 | ||||||
| Multiline Retail – 0.4% |
| |||||||
Dollar General Corp. | 1,638 | 312,056 | ||||||
Dollar Tree, Inc.* | 2,028 | 187,955 | ||||||
Target Corp. | 4,296 | 515,219 | ||||||
|
| |||||||
| Total Multiline Retail |
| 1,015,230 | ||||||
| Oil, Gas & Consumable Fuels – 2.1% |
| |||||||
Apache Corp. | 1,260 | 17,010 | ||||||
Cheniere Energy, Inc.* | 5,483 | 264,939 | ||||||
Chevron Corp. | 14,496 | 1,293,478 | ||||||
Concho Resources, Inc. | 1,811 | 93,267 | ||||||
ConocoPhillips | 8,268 | 347,421 | ||||||
Diamondback Energy, Inc. | 189 | 7,904 | ||||||
EOG Resources, Inc. | 2,991 | 151,524 | ||||||
Exxon Mobil Corp. | 30,310 | 1,355,463 | ||||||
Hess Corp. | 3,578 | 185,376 | ||||||
Kinder Morgan, Inc. | 17,584 | 266,749 | ||||||
Marathon Petroleum Corp. | 4,662 | 174,266 | ||||||
Occidental Petroleum Corp. | 4,254 | 77,848 | ||||||
ONEOK, Inc. | 1,443 | 47,937 | ||||||
Phillips 66 | 3,168 | 227,779 | ||||||
Pioneer Natural Resources Co. | 819 | 80,016 | ||||||
Targa Resources Corp. | 2,003 | 40,200 | ||||||
Valero Energy Corp. | 3,087 | 181,577 | ||||||
See Notes to Financial Statements.
| WisdomTree Trust | 79 |
Schedule of Investments (continued)
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
June 30, 2020
| Investments | Shares | Value | ||||||
Williams Cos., Inc. (The) | 14,254 | $ | 271,111 | |||||
|
| |||||||
| Total Oil, Gas & Consumable Fuels |
| 5,083,865 | ||||||
| Personal Products – 0.1% |
| |||||||
Estee Lauder Cos., Inc. (The) Class A | 1,503 | 283,586 | ||||||
| Pharmaceuticals – 3.8% |
| |||||||
Bristol-Myers Squibb Co. | 14,680 | 863,184 | ||||||
Eli Lilly & Co. | 7,509 | 1,232,828 | ||||||
Johnson & Johnson | 22,777 | 3,203,129 | ||||||
Merck & Co., Inc. | 20,655 | 1,597,251 | ||||||
Mylan N.V.* | 3,457 | 55,589 | ||||||
Pfizer, Inc. | 47,334 | 1,547,822 | ||||||
Zoetis, Inc. | 4,136 | 566,797 | ||||||
|
| |||||||
| Total Pharmaceuticals |
| 9,066,600 | ||||||
| Professional Services – 0.3% |
| |||||||
CoStar Group, Inc.* | 224 | 159,190 | ||||||
Equifax, Inc. | 702 | 120,660 | ||||||
IHS Markit Ltd. | 3,283 | 247,867 | ||||||
TransUnion | 858 | 74,680 | ||||||
Verisk Analytics, Inc. | 1,325 | 225,515 | ||||||
|
| |||||||
| Total Professional Services |
| 827,912 | ||||||
| Real Estate Management & Development – 0.0% |
| |||||||
CBRE Group, Inc. Class A* | 2,368 | 107,081 | ||||||
| Road & Rail – 1.1% |
| |||||||
CSX Corp. | 7,008 | 488,738 | ||||||
Kansas City Southern | 821 | 122,567 | ||||||
Norfolk Southern Corp. | 2,388 | 419,261 | ||||||
Old Dominion Freight Line, Inc. | 700 | 118,713 | ||||||
Uber Technologies, Inc.* | 12,171 | 378,275 | ||||||
Union Pacific Corp. | 6,775 | 1,145,449 | ||||||
|
| |||||||
| Total Road & Rail |
| 2,673,003 | ||||||
| Semiconductors & Semiconductor Equipment – 4.3% |
| |||||||
Advanced Micro Devices, Inc.* | 9,823 | 516,788 | ||||||
Analog Devices, Inc. | 3,354 | 411,334 | ||||||
Applied Materials, Inc. | 8,808 | 532,444 | ||||||
Broadcom, Inc. | 2,573 | 812,064 | ||||||
Intel Corp. | 37,681 | 2,254,454 | ||||||
KLA Corp. | 936 | 182,033 | ||||||
Lam Research Corp. | 1,010 | 326,695 | ||||||
Marvell Technology Group Ltd. | 4,666 | 163,590 | ||||||
Maxim Integrated Products, Inc. | 2,646 | 160,374 | ||||||
Microchip Technology, Inc. | 2,025 | 213,253 | ||||||
Micron Technology, Inc.* | 9,811 | 505,463 | ||||||
NVIDIA Corp. | 4,903 | 1,862,699 | ||||||
QUALCOMM, Inc. | 10,153 | 926,055 | ||||||
Skyworks Solutions, Inc. | 1,092 | 139,623 | ||||||
Teradyne, Inc. | 984 | 83,158 | ||||||
Texas Instruments, Inc. | 8,043 | 1,021,220 | ||||||
Xilinx, Inc. | 1,736 | 170,805 | ||||||
|
| |||||||
| Total Semiconductors & Semiconductor Equipment |
| 10,282,052 | ||||||
| Software – 8.7% |
| |||||||
Adobe, Inc.* | 3,672 | 1,598,458 | ||||||
ANSYS, Inc.* | 624 | 182,040 | ||||||
Atlassian Corp. PLC Class A* | 402 | 72,469 | ||||||
Autodesk, Inc.* | 1,640 | 392,272 | ||||||
Cadence Design Systems, Inc.* | 2,414 | 231,647 | ||||||
Citrix Systems, Inc. | 1,321 | 195,389 | ||||||
DocuSign, Inc.* | 1,021 | 175,826 | ||||||
Fortinet, Inc.* | 935 | 128,347 | ||||||
Guidewire Software, Inc.* | 456 | 50,548 | ||||||
Intuit, Inc. | 1,861 | 551,210 | ||||||
Microsoft Corp. | 65,448 | 13,319,323 | ||||||
NortonLifeLock, Inc. | 5,830 | 115,609 | ||||||
Oracle Corp. | 17,633 | 974,576 | ||||||
Palo Alto Networks, Inc.* | 702 | 161,228 | ||||||
Paycom Software, Inc.* | 240 | 74,335 | ||||||
salesforce.com, Inc.* | 7,032 | 1,317,305 | ||||||
ServiceNow, Inc.* | 1,255 | 508,350 | ||||||
Splunk, Inc.* | 1,092 | 216,980 | ||||||
SS&C Technologies Holdings, Inc. | 1,659 | 93,700 | ||||||
Synopsys, Inc.* | 1,016 | 198,120 | ||||||
Tyler Technologies, Inc.* | 155 | 53,766 | ||||||
VMware, Inc. Class A* | 294 | 45,529 | ||||||
Workday, Inc. Class A* | 1,162 | 217,712 | ||||||
|
| |||||||
| Total Software |
| 20,874,739 | ||||||
| Specialty Retail – 2.1% |
| |||||||
Advance Auto Parts, Inc. | 667 | 95,014 | ||||||
AutoZone, Inc.* | 156 | 175,987 | ||||||
Best Buy Co., Inc. | 1,948 | 170,002 | ||||||
Burlington Stores, Inc.* | 149 | 29,343 | ||||||
CarMax, Inc.* | 1,150 | 102,982 | ||||||
Home Depot, Inc. (The) | 8,887 | 2,226,282 | ||||||
Lowe’s Cos., Inc. | 6,540 | 883,685 | ||||||
O’Reilly Automotive, Inc.* | 623 | 262,700 | ||||||
Ross Stores, Inc. | 2,541 | 216,595 | ||||||
Tiffany & Co. | 1,248 | 152,181 | ||||||
TJX Cos., Inc. (The) | 11,520 | 582,451 | ||||||
Tractor Supply Co. | 1,014 | 133,635 | ||||||
Ulta Beauty, Inc.* | 292 | 59,399 | ||||||
|
| |||||||
| Total Specialty Retail |
| 5,090,256 | ||||||
| Technology Hardware, Storage & Peripherals – 5.7% |
| |||||||
Apple, Inc. | 35,484 | 12,944,563 | ||||||
Dell Technologies, Inc. Class C* | 2,168 | 119,110 | ||||||
Hewlett Packard Enterprise Co. | 9,135 | 88,884 | ||||||
HP, Inc. | 10,866 | 189,394 | ||||||
NetApp, Inc. | 1,871 | 83,016 | ||||||
Seagate Technology PLC | 2,916 | 141,164 | ||||||
Western Digital Corp. | 2,632 | 116,203 | ||||||
|
| |||||||
| Total Technology Hardware, Storage & Peripherals |
| 13,682,334 | ||||||
| Textiles, Apparel & Luxury Goods – 0.6% |
| |||||||
lululemon athletica, Inc.* | 779 | 243,056 | ||||||
NIKE, Inc. Class B | 11,419 | 1,119,633 | ||||||
VF Corp. | 2,327 | 141,807 | ||||||
|
| |||||||
| Total Textiles, Apparel & Luxury Goods |
| 1,504,496 | ||||||
See Notes to Financial Statements.
| 80 | WisdomTree Trust |
Schedule of Investments (concluded)
WisdomTree 90/60 U.S. Balanced Fund (NTSX)
June 30, 2020
| Investments | Shares | Value | ||||||
| Tobacco – 0.7% |
| |||||||
Altria Group, Inc. | 16,208 | $ | 636,164 | |||||
Philip Morris International, Inc. | 13,437 | 941,396 | ||||||
|
| |||||||
| Total Tobacco |
| 1,577,560 | ||||||
| Trading Companies & Distributors – 0.2% |
| |||||||
Fastenal Co. | 6,470 | 277,175 | ||||||
United Rentals, Inc.* | 756 | 112,674 | ||||||
W.W. Grainger, Inc. | 308 | 96,761 | ||||||
|
| |||||||
| Total Trading Companies & Distributors |
| 486,610 | ||||||
| Water Utilities – 0.1% |
| |||||||
American Water Works Co., Inc. | 1,162 | 149,503 | ||||||
Essential Utilities, Inc. | 862 | 36,411 | ||||||
|
| |||||||
| Total Water Utilities |
| 185,914 | ||||||
| Wireless Telecommunication Services – 0.1% |
| |||||||
T-Mobile U.S., Inc.* | 3,021 | $ | 314,637 | |||||
| Total United States |
| 213,146,850 | ||||||
TOTAL COMMON STOCKS (Cost: $191,708,580) |
| 215,276,643 | ||||||
| Principal Amount | ||||||||
| U.S. GOVERNMENT OBLIGATIONS – 0.8% |
| |||||||
| U.S. Treasury Bill – 0.8% |
| |||||||
0.15%, 2/25/21(a)(b) | ||||||||
| (Cost: $1,899,131) | $ | 1,901,000 | 1,899,107 | |||||
| RIGHTS – 0.0% |
| |||||||
| United States – 0.0% |
| |||||||
| T-Mobile U.S., Inc., expiring 7/27/20* (Cost: $1,118) | 3,021 | 507 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 91.0% (Cost: $193,608,829) |
| 217,176,257 | ||||||
Other Assets less Liabilities – 9.0% |
| 21,502,876 | ||||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 238,679,133 | |||||
| * | 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 $1,899,107 as of June 30, 2020. |
| FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||
| FUTURES CONTRACTS (EXCHANGE-TRADED) | ||||||||||||||||
| Long Exposure | Contracts | Expiration Date | Notional Value | Unrealized Appreciation/ (Depreciation) | ||||||||||||
2 Year U.S. Treasury Note | 129 | 9/30/20 | $ | 28,486,828 | $ | 2,766 | ||||||||||
5 Year U.S. Treasury Note | 222 | 9/30/20 | 27,914,766 | 60,852 | ||||||||||||
10 Year U.S. Treasury Note | 201 | 9/21/20 | 27,973,547 | 58,945 | ||||||||||||
U.S. Treasury Long Bond | 157 | 9/21/20 | 28,034,312 | 9,375 | ||||||||||||
Ultra 10 Year U.S. Treasury Note | 178 | 9/21/20 | 28,032,219 | 88,492 | ||||||||||||
| $ | 140,441,672 | $ | 220,430 | |||||||||||||
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks | $ | 215,276,643 | $ | — | $ | — | $ | 215,276,643 | ||||||||
U.S. Government Obligations | — | 1,899,107 | — | 1,899,107 | ||||||||||||
Rights | 507 | — | — | 507 | ||||||||||||
Total Investments in Securities | $ | 215,277,150 | $ | 1,899,107 | $ | — | $ | 217,176,257 | ||||||||
Financial Derivative Instruments | ||||||||||||||||
Futures Contracts1 | 220,430 | — | — | 220,430 | ||||||||||||
Total – Net | $ | 215,497,580 | $ | 1,899,107 | $ | — | $ | 217,396,687 | ||||||||
| 1 | Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
| WisdomTree Trust | 81 |
Schedule of Investments
WisdomTree Cloud Computing Fund (WCLD)
June 30, 2020
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.8% |
| |||||||
| Canada – 2.6% |
| |||||||
| IT Services – 2.6% |
| |||||||
Shopify, Inc. Class A* | 11,653 | $ | 11,061,027 | |||||
| Israel – 2.7% |
| |||||||
| IT Services – 2.7% |
| |||||||
Wix.com Ltd.* | 44,476 | 11,395,641 | ||||||
| United States – 94.5% |
| |||||||
| Health Care Technology – 2.1% |
| |||||||
Veeva Systems, Inc. Class A* | 38,034 | 8,915,930 | ||||||
| IT Services – 14.0% |
| |||||||
Fastly, Inc. Class A*(a) | 263,750 | 22,453,039 | ||||||
Okta, Inc.* | 45,749 | 9,160,322 | ||||||
PayPal Holdings, Inc.* | 50,555 | 8,808,198 | ||||||
Square, Inc. Class A* | 71,734 | 7,527,766 | ||||||
Twilio, Inc. Class A*(a) | 49,629 | 10,889,595 | ||||||
|
| |||||||
| Total IT Services |
| 58,838,920 | ||||||
| Software – 78.4% |
| |||||||
2U, Inc.*(a) | 246,124 | 9,342,867 | ||||||
Adobe, Inc.* | 16,402 | 7,139,955 | ||||||
Anaplan, Inc.* | 95,350 | 4,320,308 | ||||||
Appfolio, Inc. Class A* | 45,320 | 7,374,017 | ||||||
Atlassian Corp. PLC Class A* | 41,876 | 7,548,986 | ||||||
Avalara, Inc.* | 68,694 | 9,142,484 | ||||||
Blackline, Inc.*(a) | 92,455 | 7,665,444 | ||||||
Box, Inc. Class A* | 377,735 | 7,841,779 | ||||||
Cloudflare, Inc. Class A*(a) | 288,782 | 10,381,713 | ||||||
Coupa Software, Inc.*(a) | 37,128 | 10,285,941 | ||||||
Crowdstrike Holdings, Inc. Class A* | 100,184 | 10,047,453 | ||||||
Datadog, Inc. Class A* | 133,511 | 11,608,781 | ||||||
DocuSign, Inc.* | 68,693 | 11,829,622 | ||||||
Domo, Inc. Class B*(a) | 222,810 | 7,167,798 | ||||||
Dropbox, Inc. Class A* | 269,795 | 5,873,437 | ||||||
Elastic N.V.*(a) | 83,336 | 7,684,413 | ||||||
Everbridge, Inc.*(a) | 57,016 | 7,888,734 | ||||||
Five9, Inc.* | 83,347 | 9,224,012 | ||||||
HubSpot, Inc.*(a) | 32,813 | 7,361,597 | ||||||
j2 Global, Inc.(a) | 60,636 | 3,832,802 | ||||||
Medallia, Inc.*(a) | 199,461 | 5,034,396 | ||||||
Mimecast Ltd.* | 129,988 | 5,415,300 | ||||||
New Relic, Inc.* | 102,000 | 7,027,800 | ||||||
Pagerduty, Inc.*(a) | 290,206 | 8,305,696 | ||||||
Paycom Software, Inc.* | 19,899 | 6,163,317 | ||||||
Paylocity Holding Corp.* | 43,194 | 6,301,573 | ||||||
Pluralsight, Inc. Class A* | 302,888 | 5,467,128 | ||||||
Proofpoint, Inc.* | 49,230 | 5,470,438 | ||||||
Q2 Holdings, Inc.*(a) | 71,251 | 6,112,623 | ||||||
Qualys, Inc.* | 66,536 | 6,921,075 | ||||||
RealPage, Inc.* | 98,912 | 6,430,269 | ||||||
RingCentral, Inc. Class A* | 25,904 | 7,382,899 | ||||||
salesforce.com, Inc.* | 31,976 | 5,990,064 | ||||||
ServiceNow, Inc.* | 17,686 | 7,163,891 | ||||||
Slack Technologies, Inc. Class A*(a) | 212,990 | 6,621,859 | ||||||
Smartsheet, Inc. Class A* | 123,092 | 6,267,845 | ||||||
Tenable Holdings, Inc.* | 221,607 | 6,606,105 | ||||||
Workday, Inc. Class A* | 33,245 | 6,228,783 | ||||||
Workiva, Inc.* | 128,299 | 6,862,713 | ||||||
Yext, Inc.*(a) | 366,942 | 6,094,907 | ||||||
Zendesk, Inc.* | 69,532 | 6,155,668 | ||||||
Zoom Video Communications, Inc. Class A* | 59,596 | 15,109,970 | ||||||
Zscaler, Inc.* | 111,851 | 12,247,684 | ||||||
Zuora, Inc. Class A* | 382,678 | 4,879,144 | ||||||
|
| |||||||
| Total Software |
| 329,823,290 | ||||||
| Total United States |
| 397,578,140 | ||||||
TOTAL COMMON STOCKS (Cost: $369,081,939) |
| 420,034,808 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.8% |
| |||||||
| United States – 9.8% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.13%(b) | ||||||||
| (Cost: $41,106,581) | 41,106,581 | 41,106,581 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 109.6% (Cost: $410,188,520) |
| 461,141,389 | ||||||
Other Assets less Liabilities – (9.6)% |
| (40,370,011 | ) | |||||
|
| |||||||
| NET ASSETS – 100.0% |
| $ | 420,771,378 | |||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at June 30, 2020 (See Note 2). At June 30, 2020, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $61,196,938 and the total market value of the collateral held by the Fund was $62,018,599. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $20,912,018. |
| (b) | Rate shown represents annualized 7-day yield as of June 30, 2020. |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
| Quoted Prices in Active Markets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks | $ | 420,034,808 | $ | — | $ | — | $ | 420,034,808 | ||||||||
Investment of Cash Collateral for Securities Loaned | — | 41,106,581 | — | 41,106,581 | ||||||||||||
Total Investments in Securities | $ | 420,034,808 | $ | 41,106,581 | $ | — | $ | 461,141,389 | ||||||||
See Notes to Financial Statements.
| 82 | WisdomTree Trust |
Statements of Assets and Liabilities
WisdomTree Trust
June 30, 2020
| WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree Emerging Markets ESG Fund | WisdomTree International ESG Fund | WisdomTree U.S. Corporate Bond Fund | ||||||||||||||||
ASSETS: |
| |||||||||||||||||||
Investments, at cost | $ | 219,259,389 | $ | 45,573,143 | $ | 30,537,173 | $ | 15,774,985 | $ | 37,805,875 | ||||||||||
Foreign currency, at cost | 394,516 | 140,130 | 12,981 | 24,174 | — | |||||||||||||||
Investments in securities, at value1,2 (Note 2) | 202,641,015 | 40,848,377 | 33,621,128 | 18,299,578 | 38,860,532 | |||||||||||||||
Cash | 328,263 | 15,573 | 622 | 389 | 1,136,329 | |||||||||||||||
Foreign currency, at value | 392,996 | 140,136 | 12,883 | 24,174 | — | |||||||||||||||
Unrealized appreciation on foreign currency contracts | 50,804 | 4,974 | 5 | — | — | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 11 | 6,077 | 11,935 | — | — | |||||||||||||||
Dividends | 444,600 | 78,604 | 105,478 | 26,863 | — | |||||||||||||||
Securities lending income | 5,139 | 3,907 | 512 | — | 375 | |||||||||||||||
Interest | — | — | — | — | 341,301 | |||||||||||||||
Foreign tax reclaims | 794,659 | 18,340 | 486 | 16,289 | — | |||||||||||||||
Total Assets | 204,657,487 | 41,115,988 | 33,753,049 | 18,367,293 | 40,338,537 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Unrealized depreciation on foreign currency contracts | 1,343,592 | 303,706 | 1 | — | — | |||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 5,111,419 | 2,688,939 | 261,849 | — | 2,256,163 | |||||||||||||||
Investment securities purchased | — | 94,242 | — | — | — | |||||||||||||||
Advisory fees (Note 3) | 57,235 | 13,691 | 8,792 | 4,579 | 5,006 | |||||||||||||||
Service fees (Note 2) | 721 | 141 | 122 | 67 | 123 | |||||||||||||||
Total Liabilities | 6,512,967 | 3,100,719 | 270,764 | 4,646 | 2,261,292 | |||||||||||||||
NET ASSETS | $ | 198,144,520 | $ | 38,015,269 | $ | 33,482,285 | $ | 18,362,647 | $ | 38,077,245 | ||||||||||
NET ASSETS: |
| |||||||||||||||||||
Paid-in capital | $ | 241,144,293 | $ | 47,605,758 | $ | 43,398,932 | $ | 20,655,689 | $ | 37,010,039 | ||||||||||
Total distributable earnings (loss) | (42,999,773 | ) | (9,590,489 | ) | (9,916,647 | ) | (2,293,042 | ) | 1,067,206 | |||||||||||
NET ASSETS | $ | 198,144,520 | $ | 38,015,269 | $ | 33,482,285 | $ | 18,362,647 | $ | 38,077,245 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 7,800,000 | 1,450,000 | 1,200,000 | 750,000 | 700,000 | |||||||||||||||
Net asset value per share | $ | 25.40 | $ | 26.22 | $ | 27.90 | $ | 24.48 | $ | 54.40 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 9,617,480 | $ | 4,902,610 | $ | 702,747 | — | $ | 2,243,324 | |||||||||||
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 | 83 |
Statements of Assets and Liabilities (concluded)
WisdomTree Trust
June 30, 2020
| WisdomTree U.S. High Yield Corporate Bond Fund | WisdomTree U.S. Short- Term Corporate Bond Fund | WisdomTree U.S. Short- Term High Yield Corporate Bond Fund | WisdomTree 90/60 U.S. Balanced Fund | WisdomTree Cloud Computing Fund | ||||||||||||||||
ASSETS: |
| |||||||||||||||||||
Investments, at cost | $ | 73,044,730 | $ | 20,819,541 | $ | 26,939,113 | $ | 193,608,829 | $ | 410,188,520 | ||||||||||
Investments in securities, at value1,2 (Note 2) | 71,304,014 | 21,509,322 | 25,868,081 | 217,176,257 | 461,141,389 | |||||||||||||||
Cash | 367,037 | 622,229 | 362,945 | 21,526,280 | 822,454 | |||||||||||||||
Receivables: | ||||||||||||||||||||
Investment securities sold | 35,164 | — | 104,488 | — | — | |||||||||||||||
Capital shares sold | 4,852,555 | — | — | — | 19,072,721 | |||||||||||||||
Dividends | — | — | — | 170,479 | — | |||||||||||||||
Securities lending income | 2,382 | 217 | 993 | — | 3,831 | |||||||||||||||
Interest | 991,258 | 164,635 | 333,749 | — | — | |||||||||||||||
Total Assets | 77,552,410 | 22,296,403 | 26,670,256 | 238,873,016 | 481,040,395 | |||||||||||||||
LIABILITIES: |
| |||||||||||||||||||
Payables: | ||||||||||||||||||||
Cash collateral received for securities loaned (Note 2) | 9,593,738 | 1,661,425 | 3,245,178 | — | 41,106,581 | |||||||||||||||
Investment securities purchased | 4,858,151 | — | — | — | 19,060,547 | |||||||||||||||
Advisory fees (Note 3) | 17,001 | 3,039 | 7,377 | 38,612 | 100,903 | |||||||||||||||
Service fees (Note 2) | 196 | 73 | 86 | 849 | 986 | |||||||||||||||
Net variation margin on futures contracts | — | — | — | 154,422 | — | |||||||||||||||
Total Liabilities | 14,469,086 | 1,664,537 | 3,252,641 | 193,883 | 60,269,017 | |||||||||||||||
NET ASSETS | $ | 63,083,324 | $ | 20,631,866 | $ | 23,417,615 | $ | 238,679,133 | $ | 420,771,378 | ||||||||||
NET ASSETS: |
| |||||||||||||||||||
Paid-in capital | $ | 65,313,435 | $ | 19,945,453 | $ | 25,165,458 | $ | 215,075,088 | $ | 370,426,160 | ||||||||||
Total distributable earnings (loss) | (2,230,111 | ) | 686,413 | (1,747,843 | ) | 23,604,045 | 50,345,218 | |||||||||||||
NET ASSETS | $ | 63,083,324 | $ | 20,631,866 | $ | 23,417,615 | $ | 238,679,133 | $ | 420,771,378 | ||||||||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) | 1,300,000 | 400,000 | 500,000 | 7,800,000 | 10,800,004 | |||||||||||||||
Net asset value per share | $ | 48.53 | $ | 51.58 | $ | 46.84 | $ | 30.60 | $ | 38.96 | ||||||||||
1 Includes market value of securities out on loan of: | $ | 9,564,013 | $ | 1,635,556 | $ | 3,200,739 | — | $ | 61,196,938 | |||||||||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information). |
| |||||||||||||||||||
See Notes to Financial Statements.
| 84 | WisdomTree Trust |
WisdomTree Trust
For the Year or Period Ended June 30, 2020
| WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree Emerging Markets ESG Fund | WisdomTree International ESG Fund | WisdomTree U.S. Corporate Bond Fund | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends1 | $ | 7,375,947 | $ | 1,403,106 | $ | 1,649,117 | $ | 259,956 | $ | — | ||||||||||
Dividends from affiliates (Note 3) | — | — | — | 297,323 | — | |||||||||||||||
Interest | — | 38 | 27 | — | 488,603 | |||||||||||||||
Non-cash dividends | 166,137 | 11,042 | 43,412 | 919 | — | |||||||||||||||
Securities lending income (Note 2) | 52,561 | 42,139 | 6,505 | — | 1,526 | |||||||||||||||
Total investment income | 7,594,645 | 1,456,325 | 1,699,061 | 558,198 | 490,129 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 942,773 | 199,016 | 157,596 | 142,282 | 47,413 | |||||||||||||||
Service fees (Note 2) | 10,370 | 1,825 | 2,167 | 1,205 | 744 | |||||||||||||||
Total expenses | 953,143 | 200,841 | 159,763 | 143,487 | 48,157 | |||||||||||||||
Expense waivers (Note 3) | (117,847 | ) | (20,731 | ) | — | (103,062 | ) | (16,933 | ) | |||||||||||
Net expenses | 835,296 | 180,110 | 159,763 | 40,425 | 31,224 | |||||||||||||||
Net investment income | 6,759,349 | 1,276,215 | 1,539,298 | 517,773 | 458,905 | |||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions | (19,973,360 | ) | (4,465,442 | ) | (11,723,444 | ) | 539,152 | 80,774 | ||||||||||||
Investment transactions in affiliates (Note 3) | — | — | — | (5,791,675 | ) | — | ||||||||||||||
In-kind redemptions | 1,258,520 | 1,190,021 | 660,228 | 665,354 | (369,769 | ) | ||||||||||||||
Futures contracts | — | — | 51,504 | (838 | ) | — | ||||||||||||||
Foreign currency contracts | 3,471,648 | 879,352 | (87,473 | ) | 133,221 | — | ||||||||||||||
Foreign currency related transactions | (38,067 | ) | 7,386 | 65,107 | 334,450 | — | ||||||||||||||
Payment by sub-advisor (Note 3) | 289,663 | 49,940 | — | — | — | |||||||||||||||
Net realized loss | (14,991,596 | ) | (2,338,743 | ) | (11,034,078 | ) | (4,120,336 | ) | (288,995 | ) | ||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: |
| |||||||||||||||||||
Investment transactions | (19,017,714 | ) | (4,289,652 | ) | 1,170,228 | 2,524,593 | 880,520 | |||||||||||||
Investment transactions in affiliates (Note 3) | — | — | — | 643,957 | — | |||||||||||||||
Foreign currency contracts | 1,309,765 | 23,249 | 4 | 317,929 | — | |||||||||||||||
Translation of assets and liabilities denominated in foreign currencies | 12,665 | 403 | (1,893 | ) | 769 | — | ||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | (17,695,284 | ) | (4,266,000 | ) | 1,168,339 | 3,487,248 | 880,520 | |||||||||||||
Net realized and unrealized gain (loss) on investments | (32,686,880 | ) | (6,604,743 | ) | (9,865,739 | ) | (633,088 | ) | 591,525 | |||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (25,927,531 | ) | $ | (5,328,528 | ) | $ | (8,326,441 | ) | $ | (115,315 | ) | $ | 1,050,430 | ||||||
1 Net of foreign withholding tax of: | $ | 630,332 | $ | 119,079 | $ | 231,085 | $ | 37,187 | — | |||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 85 |
Statements of Operations (concluded)
WisdomTree Trust
For the Year or Period Ended June 30, 2020
| WisdomTree U.S. High Yield Corporate Bond Fund | WisdomTree U.S. Short- Term Corporate Bond Fund | WisdomTree U.S. Short- Term High Yield Corporate Bond Fund | WisdomTree 90/60 U.S. Balanced Fund | WisdomTree Cloud Computing Fund1 | ||||||||||||||||
INVESTMENT INCOME: |
| |||||||||||||||||||
Dividends2 | $ | — | $ | — | $ | — | $ | 1,220,099 | $ | 1,132 | ||||||||||
Interest | 1,894,754 | 288,367 | 1,172,352 | 3,013 | — | |||||||||||||||
Securities lending income (Note 2) | 22,253 | 1,115 | 13,546 | — | 10,403 | |||||||||||||||
Total investment income | 1,917,007 | 289,482 | 1,185,898 | 1,223,112 | 11,535 | |||||||||||||||
EXPENSES: |
| |||||||||||||||||||
Advisory fees (Note 3) | 161,274 | 30,989 | 104,587 | 137,842 | 198,089 | |||||||||||||||
Service fees (Note 2) | 1,478 | 488 | 959 | 3,033 | 1,937 | |||||||||||||||
Total expenses | 162,752 | 31,477 | 105,546 | 140,875 | 200,026 | |||||||||||||||
Expense waivers (Note 3) | (33,599 | ) | (11,068 | ) | (21,789 | ) | — | — | ||||||||||||
Net expenses | 129,153 | 20,409 | 83,757 | 140,875 | 200,026 | |||||||||||||||
Net investment income (loss) | 1,787,854 | 269,073 | 1,102,141 | 1,082,237 | (188,491 | ) | ||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
| |||||||||||||||||||
Net realized gain (loss) from: |
| |||||||||||||||||||
Investment transactions | (481,889 | ) | 17,782 | (593,987 | ) | (2,774,332 | ) | (437,707 | ) | |||||||||||
In-kind redemptions | — | — | — | 1,920,169 | 6,525,451 | |||||||||||||||
Futures contracts | — | — | — | 2,533,804 | — | |||||||||||||||
Net realized gain (loss) | (481,889 | ) | 17,782 | (593,987 | ) | 1,679,641 | 6,087,744 | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation: |
| |||||||||||||||||||
Investment transactions | (2,142,432 | ) | 627,761 | (1,225,627 | ) | 23,192,735 | 50,952,869 | |||||||||||||
Futures contracts | — | — | — | 156,703 | — | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation | (2,142,432 | ) | 627,761 | (1,225,627 | ) | 23,349,438 | 50,952,869 | |||||||||||||
Net realized and unrealized gain (loss) on investments | (2,624,321 | ) | 645,543 | (1,819,614 | ) | 25,029,079 | 57,040,613 | |||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ | (836,467 | ) | $ | 914,616 | $ | (717,473 | ) | $ | 26,111,316 | $ | 56,852,122 | ||||||||
1 For the period September 6, 2019 (commencement of operations) through June 30, 2020. |
| |||||||||||||||||||
2 Net of foreign withholding tax of: | — | — | — | $ | 309 | — | ||||||||||||||
See Notes to Financial Statements.
| 86 | WisdomTree Trust |
Statements of Changes in Net Assets
WisdomTree Trust
| WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree Emerging Markets ESG Fund | ||||||||||||||||||||||
| For the Year Ended June 30, 2020 | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2020 | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2020 | For the Year Ended June 30, 2019 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 6,759,349 | $ | 8,591,692 | $ | 1,276,215 | $ | 925,709 | $ | 1,539,298 | $ | 1,527,708 | ||||||||||||
Net realized gain (loss) on investments, futures contracts, payments by sub-advisor, foreign currency contracts and foreign currency related transactions | (14,991,596 | ) | 15,207,638 | (2,338,743 | ) | (23,511 | ) | (11,034,078 | ) | (1,170,388 | ) | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | (17,695,284 | ) | (15,352,082 | ) | (4,266,000 | ) | (1,119,170 | ) | 1,168,339 | 1,697,182 | ||||||||||||||
Net increase (decrease) in net assets resulting from operations | (25,927,531 | ) | 8,447,248 | (5,328,528 | ) | (216,972 | ) | (8,326,441 | ) | 2,054,502 | ||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (6,668,730 | ) | (8,264,658 | ) | (1,234,753 | ) | (790,071 | ) | (1,732,870 | ) | (1,392,048 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 26,090,935 | 79,955,557 | 23,212,365 | 20,745,568 | 15,996,072 | 15,648,445 | ||||||||||||||||||
Cost of shares redeemed | (47,711,888 | ) | (89,905,000 | ) | (12,674,510 | ) | (3,024,924 | ) | (22,807,795 | ) | — | |||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (21,620,953 | ) | (9,949,443 | ) | 10,537,855 | 17,720,644 | (6,811,723 | ) | 15,648,445 | |||||||||||||||
Net Increase (Decrease) in Net Assets | (54,217,214 | ) | (9,766,853 | ) | 3,974,574 | 16,713,601 | (16,871,034 | ) | 16,310,899 | |||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 252,361,734 | $ | 262,128,587 | $ | 34,040,695 | $ | 17,327,094 | $ | 50,353,319 | $ | 34,042,420 | ||||||||||||
End of year | $ | 198,144,520 | $ | 252,361,734 | $ | 38,015,269 | $ | 34,040,695 | $ | 33,482,285 | $ | 50,353,319 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 8,750,000 | 9,050,000 | 1,150,000 | 550,000 | 1,600,000 | 1,100,000 | ||||||||||||||||||
Shares created | 950,000 | 2,850,000 | 800,000 | 700,000 | 500,000 | 500,000 | ||||||||||||||||||
Shares redeemed | (1,900,000 | ) | (3,150,000 | ) | (500,000 | ) | (100,000 | ) | (900,000 | ) | — | |||||||||||||
Shares outstanding, end of year | 7,800,000 | 8,750,000 | 1,450,000 | 1,150,000 | 1,200,000 | 1,600,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Trust | 87 |
Statements of Changes in Net Assets (continued)
WisdomTree Trust
| WisdomTree International ESG Fund | WisdomTree U.S. Corporate Bond Fund | WisdomTree U.S. High Yield Corporate Bond Fund | ||||||||||||||||||||||
| For the Year Ended June 30, 2020 | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2020 | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2020 | For the Year Ended June 30, 2019 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 517,773 | $ | 443,074 | $ | 458,905 | $ | 159,270 | $ | 1,787,854 | $ | 564,695 | ||||||||||||
Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions | (4,120,336 | ) | 276,477 | (288,995 | ) | (49,131 | ) | (481,889 | ) | (2,090 | ) | |||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies | 3,487,248 | (986,555 | ) | 880,520 | 377,810 | (2,142,432 | ) | 430,842 | ||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (115,315 | ) | (267,004 | ) | 1,050,430 | 487,949 | (836,467 | ) | 993,447 | |||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (696,978 | ) | (1,206,725 | ) | (463,600 | ) | (157,460 | ) | (1,789,692 | ) | (575,980 | ) | ||||||||||||
Tax return of capital | — | — | — | — | (2,358 | ) | — | |||||||||||||||||
Total distributions to shareholders | (696,978 | ) | (1,206,725 | ) | (463,600 | ) | (157,460 | ) | (1,792,050 | ) | (575,980 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 1,309,671 | 18,960,415 | 42,399,291 | 2,359,600 | 50,258,393 | 10,058,537 | ||||||||||||||||||
Cost of shares redeemed | (10,883,686 | ) | (8,474,095 | ) | (10,018,086 | ) | (2,359,600 | ) | — | — | ||||||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (9,574,015 | ) | 10,486,320 | 32,381,205 | — | 50,258,393 | 10,058,537 | |||||||||||||||||
Net Increase (Decrease) in Net Assets | (10,386,308 | ) | 9,012,591 | 32,968,035 | 330,489 | 47,629,876 | 10,476,004 | |||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of year | $ | 28,748,955 | $ | 19,736,364 | $ | 5,109,210 | $ | 4,778,721 | $ | 15,453,448 | $ | 4,977,444 | ||||||||||||
End of year | $ | 18,362,647 | $ | 28,748,955 | $ | 38,077,245 | $ | 5,109,210 | $ | 63,083,324 | $ | 15,453,448 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of year | 1,200,000 | 800,000 | 100,000 | 100,000 | 300,000 | 100,000 | ||||||||||||||||||
Shares created | 50,000 | 800,000 | 800,000 | 50,000 | 1,000,000 | 200,000 | ||||||||||||||||||
Shares redeemed | (500,000 | ) | (400,000 | ) | (200,000 | ) | (50,000 | ) | — | — | ||||||||||||||
Shares outstanding, end of year | 750,000 | 1,200,000 | 700,000 | 100,000 | 1,300,000 | 300,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 88 | WisdomTree Trust |
Statements of Changes in Net Assets (continued)
WisdomTree Trust
WisdomTree U.S. Short-Term Corporate Bond Fund | WisdomTree U.S. Short-Term High Yield Corporate Bond Fund | WisdomTree 90/60 U.S. Balanced Fund | ||||||||||||||||||||||
| For the Year Ended June 30, 2020 | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2020 | For the Year Ended June 30, 2019 | For the Year Ended June 30, 2020 | For the Period August 2, 2018* through June 30, 2019 | |||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||||||||||||||||||||||
Net investment income | $ | 269,073 | $ | 123,587 | $ | 1,102,141 | $ | 643,560 | $ | 1,082,237 | $ | 63,220 | ||||||||||||
Net realized gain (loss) on investments and futures contracts | 17,782 | (11,581 | ) | (593,987 | ) | (76,056 | ) | 1,679,641 | 94,277 | |||||||||||||||
Net increase (decrease) in unrealized appreciation/depreciation on investments and futures contracts | 627,761 | 150,586 | (1,225,627 | ) | 158,526 | 23,349,438 | 438,420 | |||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 914,616 | 262,592 | (717,473 | ) | 726,030 | 26,111,316 | 595,917 | |||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS: |
| |||||||||||||||||||||||
Distributable earnings | (270,700 | ) | (122,743 | ) | (1,094,900 | ) | (640,720 | ) | (1,126,753 | ) | (59,123 | ) | ||||||||||||
CAPITAL SHARE TRANSACTIONS: |
| |||||||||||||||||||||||
Net proceeds from sale of shares | 14,944,762 | 2,449,872 | 5,048,702 | 25,053,118 | 242,226,200 | 4,891,593 | ||||||||||||||||||
Cost of shares redeemed | — | (2,449,872 | ) | — | (9,948,021 | ) | (33,960,014 | ) | (103 | ) | ||||||||||||||
Net increase in net assets resulting from capital share transactions | 14,944,762 | — | 5,048,702 | 15,105,097 | 208,266,186 | 4,891,490 | ||||||||||||||||||
Net Increase in Net Assets | 15,588,678 | 139,849 | 3,236,329 | 15,190,407 | 233,250,749 | 5,428,284 | ||||||||||||||||||
NET ASSETS: |
| |||||||||||||||||||||||
Beginning of period | $ | 5,043,188 | $ | 4,903,339 | $ | 20,181,286 | $ | 4,990,879 | $ | 5,428,384 | $ | 100 | ||||||||||||
End of period | $ | 20,631,866 | $ | 5,043,188 | $ | 23,417,615 | $ | 20,181,286 | $ | 238,679,133 | $ | 5,428,384 | ||||||||||||
SHARES CREATED AND REDEEMED: |
| |||||||||||||||||||||||
Shares outstanding, beginning of period | 100,000 | 100,000 | 400,000 | 100,000 | 200,000 | 4 | ||||||||||||||||||
Shares created | 300,000 | 50,000 | 100,000 | 500,000 | 8,800,000 | 200,000 | ||||||||||||||||||
Shares redeemed | — | (50,000 | ) | — | (200,000 | ) | (1,200,000 | ) | (4 | ) | ||||||||||||||
Shares outstanding, end of period | 400,000 | 100,000 | 500,000 | 400,000 | 7,800,000 | 200,000 | ||||||||||||||||||
| * | Commencement of operations. |
See Notes to Financial Statements.
| WisdomTree Trust | 89 |
Statements of Changes in Net Assets (concluded)
WisdomTree Trust
| WisdomTree Cloud Computing Fund | ||||
| For the Period September 6, 2019* through June 30, 2020 | ||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
| |||
Net investment loss | $ | (188,491 | ) | |
Net realized gain on investments | 6,087,744 | |||
Net increase in unrealized appreciation/depreciation on investments | 50,952,869 | |||
Net increase in net assets resulting from operations | 56,852,122 | |||
CAPITAL SHARE TRANSACTIONS: |
| |||
Net proceeds from sale of shares | 392,277,785 | |||
Cost of shares redeemed | (28,358,629 | ) | ||
Net increase in net assets resulting from capital share transactions | 363,919,156 | |||
Net Increase in Net Assets | 420,771,278 | |||
NET ASSETS: |
| |||
Beginning of period | $ | 100 | ||
End of period | $ | 420,771,378 | ||
SHARES CREATED AND REDEEMED: |
| |||
Shares outstanding, beginning of period | 4 | |||
Shares created | 11,725,000 | |||
Shares redeemed | (925,000 | ) | ||
Shares outstanding, end of period | 10,800,004 | |||
| * | Commencement of operations. |
See Notes to Financial Statements.
| 90 | WisdomTree Trust |
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, 2020 | 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 | $ | 28.84 | $ | 28.96 | $ | 28.27 | $ | 24.26 | $ | 24.18 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net investment income1 | 0.80 | 1.04 | 1.00 | 0.98 | 0.79 | |||||||||||||||
Net realized and unrealized gain (loss) | (3.44 | ) | (0.17 | ) | 0.70 | 4.32 | (0.35 | ) | ||||||||||||
Total from investment operations | (2.64 | ) | 0.87 | 1.70 | 5.30 | 0.44 | ||||||||||||||
Dividends and distributions to shareholders: | ||||||||||||||||||||
Net investment income | (0.80 | ) | (0.99 | ) | (1.01 | ) | (0.83 | ) | (0.36 | ) | ||||||||||
Capital gains | — | — | — | (0.46 | ) | — | ||||||||||||||
Total dividends and distributions to shareholders | (0.80 | ) | (0.99 | ) | (1.01 | ) | (1.29 | ) | (0.36 | ) | ||||||||||
Net asset value, end of period | $ | 25.40 | $ | 28.84 | $ | 28.96 | $ | 28.27 | $ | 24.26 | ||||||||||
TOTAL RETURN2 | (9.34 | )%3 | 3.11 | % | 6.04 | % | 22.25 | % | 1.82 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: | ||||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 198,145 | $ | 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 | % | 0.35 | %4 | ||||||||||
Expenses, prior to expense waivers | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | %4 | ||||||||||
Net investment income | 2.87 | % | 3.68 | % | 3.33 | % | 3.67 | % | 6.79 | %4 | ||||||||||
Portfolio turnover rate5 | 17 | % | 26 | % | 15 | % | 27 | % | 28 | % | ||||||||||
| WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | For the Year Ended June 30, 2020 | 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 | $ | 29.60 | $ | 31.50 | $ | 30.12 | $ | 23.87 | $ | 24.24 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.88 | 1.12 | 1.11 | 0.86 | 0.52 | |||||||||||||||
Net realized and unrealized gain (loss) | (3.39 | ) | (2.29 | ) | 0.92 | 6.18 | (0.41 | ) | ||||||||||||
Total from investment operations | (2.51 | ) | (1.17 | ) | 2.03 | 7.04 | 0.11 | |||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (0.87 | ) | (0.73 | ) | (0.65 | ) | (0.79 | ) | (0.48 | ) | ||||||||||
Net asset value, end of period | $ | 26.22 | $ | 29.60 | $ | 31.50 | $ | 30.12 | $ | 23.87 | ||||||||||
TOTAL RETURN2 | (8.70 | )%6 | (3.70 | )% | 6.73 | % | 29.80 | % | 0.36 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 38,015 | $ | 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 | % | 0.43 | %4 | ||||||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %4 | ||||||||||
Net investment income | 3.08 | % | 3.77 | % | 3.41 | % | 3.16 | % | 4.42 | %4 | ||||||||||
Portfolio turnover rate5 | 25 | % | 55 | % | 95 | % | 75 | % | 50 | % | ||||||||||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.11% lower (Note 3). |
| 4 | Annualized. |
| 5 | Portfolio turnover rate is not annualized for periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
| 6 | Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.14% lower (Note 3). |
See Notes to Financial Statements.
| WisdomTree Trust | 91 |
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Emerging Markets ESG Fund | For the Year Ended June 30, 20207 | 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 | $ | 31.47 | $ | 30.95 | $ | 29.71 | $ | 25.63 | $ | 24.53 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 0.93 | 1.21 | 0.96 | 0.96 | 0.36 | |||||||||||||||
Net realized and unrealized gain (loss) | (3.44 | ) | 0.38 | 1.14 | 3.96 | 0.87 | ||||||||||||||
Total from investment operations | (2.51 | ) | 1.59 | 2.10 | 4.92 | 1.23 | ||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.06 | ) | (1.07 | ) | (0.86 | ) | (0.84 | ) | (0.13 | ) | ||||||||||
Net asset value, end of period | $ | 27.90 | $ | 31.47 | $ | 30.95 | $ | 29.71 | $ | 25.63 | ||||||||||
TOTAL RETURN2 | (8.19 | )% | 5.25 | % | 7.05 | %3 | 19.46 | % | 5.01 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 33,482 | $ | 50,353 | $ | 34,042 | $ | 11,885 | $ | 2,563 | ||||||||||
Ratios to average net assets of: |
| |||||||||||||||||||
Expenses | 0.32 | % | 0.32 | % | 0.32 | % | 0.32 | % | 0.32 | %4 | ||||||||||
Net investment income | 3.13 | % | 3.97 | % | 2.91 | % | 3.38 | % | 6.14 | %4 | ||||||||||
Portfolio turnover rate5 | 130 | %7 | 26 | % | 22 | % | 15 | % | 4 | % | ||||||||||
| WisdomTree International ESG Fund | For the Year Ended June 30, 20208 | 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 | $ | 23.96 | $ | 24.67 | $ | 23.31 | $ | 19.63 | ||||||||
Investment operations: |
| |||||||||||||||
Net investment income1 | 0.46 | 0.49 | 0.71 | 0.32 | ||||||||||||
Net realized and unrealized gain | 0.73 | ^ | 0.02 | 1.03 | 3.52 | |||||||||||
Total from investment operations | 1.19 | 0.51 | 1.74 | 3.84 | ||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||
Net investment income | (0.50 | ) | (0.29 | ) | (0.21 | ) | (0.15 | ) | ||||||||
Capital gains | (0.17 | ) | (0.93 | ) | (0.17 | ) | — | |||||||||
Tax return of capital | — | — | — | (0.01 | ) | |||||||||||
Total dividends and distributions to shareholders | (0.67 | ) | (1.22 | ) | (0.38 | ) | (0.16 | ) | ||||||||
Net asset value, end of period | $ | 24.48 | $ | 23.96 | $ | 24.67 | $ | 23.31 | ||||||||
TOTAL RETURN2 | 4.88 | % | 2.56 | % | 7.44 | % | 19.61 | % | ||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||
Net assets, end of period (000’s omitted) | $ | 18,363 | $ | 28,749 | $ | 19,736 | $ | 2,331 | ||||||||
Ratios to average net assets6 of: |
| |||||||||||||||
Expenses, net of expense waivers | 0.15 | % | 0.10 | % | 0.10 | % | 0.10 | %4 | ||||||||
Expenses, prior to expense waivers | 0.52 | % | 0.58 | % | 0.58 | % | 0.58 | %4 | ||||||||
Net investment income | 1.89 | % | 2.10 | % | 2.87 | % | 2.23 | %4 | ||||||||
Portfolio turnover rate5 | 112 | %8 | 6 | % | 4 | % | 4 | % | ||||||||
| * | Commencement of operations. |
| ^ | The amount of net realized and unrealized gain per share does not correspond with the amounts reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree International ESG Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3). |
| 3 | Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged. |
| 4 | Annualized. |
| 5 | Portfolio turnover rate is not annualized for periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
| 6 | The ratio to average net assets do not include net investment income (loss) of investment companies in which the Fund invests. |
| 7 | The information reflects the investment objective and strategy of the WisdomTree Emerging Markets Dividend Fund through March 15, 2020 and the investment objective and strategy of the WisdomTree Emerging Markets ESG Fund thereafter. The increase in the portfolio turnover rate was primarily a result of the aforementioned investment objective and strategy change. |
| 8 | The information reflects the investment objective and strategy of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund through March 15, 2020 and the investment objective and strategy of the WisdomTree International ESG Fund thereafter. The increase in the portfolio turnover rate was primarily a result of the aforementioned investment objective and strategy change. |
See Notes to Financial Statements.
| 92 | WisdomTree Trust |
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree U.S. Corporate Bond Fund | For the Year Ended June 30, 2020 | 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 27, 2016* through June 30, 2016 | |||||||||||||||
Net asset value, beginning of period | $ | 51.09 | $ | 47.79 | $ | 49.88 | $ | 50.69 | $ | 49.96 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.42 | 1.59 | 1.49 | 1.36 | 0.22 | |||||||||||||||
Net realized and unrealized gain (loss) | 3.37 | 3.28 | (2.02 | ) | (0.63 | ) | 0.72 | |||||||||||||
Total from investment operations | 4.79 | 4.87 | (0.53 | ) | 0.73 | 0.94 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (1.48 | ) | (1.57 | ) | (1.56 | ) | (1.30 | ) | (0.21 | ) | ||||||||||
Capital gains | — | — | — | (0.24 | ) | — | ||||||||||||||
Total dividends and distributions to shareholders | (1.48 | ) | (1.57 | ) | (1.56 | ) | (1.54 | ) | (0.21 | ) | ||||||||||
Net asset value, end of period | $ | 54.40 | $ | 51.09 | $ | 47.79 | $ | 49.88 | $ | 50.69 | ||||||||||
TOTAL RETURN2 | 9.54 | % | 10.44 | % | (1.11 | )% | 1.52 | % | 1.89 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 38,077 | $ | 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 | % | 0.18 | %3 | ||||||||||
Expenses, prior to expense waivers | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | %3 | ||||||||||
Net investment income | 2.71 | % | 3.29 | % | 3.02 | % | 2.74 | % | 2.50 | %3 | ||||||||||
Portfolio turnover rate4 | 25 | % | 22 | % | 21 | % | 45 | % | 3 | % | ||||||||||
| WisdomTree U.S. High Yield Corporate Bond Fund | For the Year Ended June 30, 2020 | 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 27, 2016* through June 30, 2016 | |||||||||||||||
Net asset value, beginning of period | $ | 51.51 | $ | 49.77 | $ | 52.29 | $ | 50.41 | $ | 50.19 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.64 | 2.84 | 2.91 | 2.80 | 0.47 | |||||||||||||||
Net realized and unrealized gain (loss) | (3.00 | ) | 1.69 | (2.14 | ) | 2.24 | 0.20 | |||||||||||||
Total from investment operations | (0.36 | ) | 4.53 | 0.77 | 5.04 | 0.67 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (2.62 | ) | (2.75 | ) | (2.89 | ) | (2.79 | ) | (0.45 | ) | ||||||||||
Capital gains | — | (0.04 | ) | (0.40 | ) | (0.37 | ) | — | ||||||||||||
Tax return of capital | (0.00 | )5 | — | — | — | — | ||||||||||||||
Total dividends and distributions to shareholders | (2.62 | ) | (2.79 | ) | (3.29 | ) | (3.16 | ) | (0.45 | ) | ||||||||||
Net asset value, end of period | $ | 48.53 | $ | 51.51 | $ | 49.77 | $ | 52.29 | $ | 50.41 | ||||||||||
TOTAL RETURN2 | (0.72 | )% | 9.43 | % | 1.49 | % | 10.23 | % | 1.34 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 63,083 | $ | 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 | % | 0.38 | %3 | ||||||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||||
Net investment income | 5.32 | % | 5.68 | % | 5.67 | % | 5.38 | % | 5.31 | %3 | ||||||||||
Portfolio turnover rate4 | 22 | % | 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 for periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
| 5 | Amount represents less than $0.005. |
See Notes to Financial Statements.
| WisdomTree Trust | 93 |
Financial Highlights (continued)
WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree U.S. Short-Term Corporate Bond Fund | For the Year Ended June 30, 2020 | 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 27, 2016* through June 30, 2016 | |||||||||||||||
Net asset value, beginning of period | $ | 50.43 | $ | 49.03 | $ | 49.94 | $ | 50.20 | $ | 49.98 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 1.23 | 1.24 | 0.98 | 0.79 | 0.12 | |||||||||||||||
Net realized and unrealized gain (loss) | 1.13 | ^ | 1.39 | (0.88 | ) | (0.28 | ) | 0.21 | ||||||||||||
Total from investment operations | 2.36 | 2.63 | 0.10 | 0.51 | 0.33 | |||||||||||||||
Dividends to shareholders: |
| |||||||||||||||||||
Net investment income | (1.21 | ) | (1.23 | ) | (1.01 | ) | (0.77 | ) | (0.11 | ) | ||||||||||
Net asset value, end of period | $ | 51.58 | $ | 50.43 | $ | 49.03 | $ | 49.94 | $ | 50.20 | ||||||||||
TOTAL RETURN2 | 4.75 | % | 5.44 | % | 0.19 | % | 1.02 | % | 0.66 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 20,632 | $ | 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 | % | 0.18 | %3 | ||||||||||
Expenses, prior to expense waivers | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | % | 0.28 | %3 | ||||||||||
Net investment income | 2.43 | % | 2.50 | % | 1.98 | % | 1.58 | % | 1.35 | %3 | ||||||||||
Portfolio turnover rate4 | 43 | % | 28 | % | 41 | % | 38 | % | 14 | % | ||||||||||
| WisdomTree U.S. Short-Term High Yield Corporate Bond Fund | For the Year Ended June 30, 2020 | 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 27, 2016* through June 30, 2016 | |||||||||||||||
Net asset value, beginning of period | $ | 50.45 | $ | 49.91 | $ | 51.39 | $ | 50.32 | $ | 49.95 | ||||||||||
Investment operations: |
| |||||||||||||||||||
Net investment income1 | 2.46 | 2.66 | 2.39 | 2.43 | 0.51 | |||||||||||||||
Net realized and unrealized gain (loss) | (3.61 | ) | 0.51 | (0.77 | ) | 1.60 | 0.35 | |||||||||||||
Total from investment operations | (1.15 | ) | 3.17 | 1.62 | 4.03 | 0.86 | ||||||||||||||
Dividends and distributions to shareholders: |
| |||||||||||||||||||
Net investment income | (2.46 | ) | (2.63 | ) | (2.38 | ) | (2.42 | ) | (0.49 | ) | ||||||||||
Capital gains | — | — | (0.72 | ) | (0.54 | ) | — | |||||||||||||
Total dividends and distributions to shareholders | (2.46 | ) | (2.63 | ) | (3.10 | ) | (2.96 | ) | (0.49 | ) | ||||||||||
Net asset value, end of period | $ | 46.84 | $ | 50.45 | $ | 49.91 | $ | 51.39 | $ | 50.32 | ||||||||||
TOTAL RETURN2 | (2.34 | )% | 6.54 | % | 3.28 | % | 8.19 | % | 1.73 | % | ||||||||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||||||||||||||
Net assets, end of period (000’s omitted) | $ | 23,418 | $ | 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 | % | 0.38 | %3 | ||||||||||
Expenses, prior to expense waivers | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||||
Net investment income | 5.06 | % | 5.34 | % | 4.73 | % | 4.72 | % | 5.66 | %3 | ||||||||||
Portfolio turnover rate4 | 44 | % | 18 | % | 66 | % | 69 | % | 0 | % | ||||||||||
| * | Commencement of operations. |
| ^ | The amount of net realized and unrealized gain per share does not correspond with the amounts reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year. |
| 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 for periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
See Notes to Financial Statements.
| 94 | WisdomTree Trust |
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 Year Ended June 30, 2020 | For the Period August 2, 2018* through June 30, 2019 | ||||||
Net asset value, beginning of period | $ | 27.14 | $ | 25.08 | ||||
Investment operations: |
| |||||||
Net investment income1 | 0.45 | 0.38 | ||||||
Net realized and unrealized gain | 3.39 | 2.01 | ||||||
Total from investment operations | 3.84 | 2.39 | ||||||
Dividends and distributions to shareholders: |
| |||||||
Net investment income | (0.27 | ) | (0.33 | ) | ||||
Capital gains | (0.11 | ) | — | |||||
Total dividends and distributions to shareholders | (0.38 | ) | (0.33 | ) | ||||
Net asset value, end of period | $ | 30.60 | $ | 27.14 | ||||
TOTAL RETURN2 | 14.25 | % | 9.64 | % | ||||
RATIOS/SUPPLEMENTAL DATA: |
| |||||||
Net assets, end of period (000’s omitted) | $ | 238,679 | $ | 5,428 | ||||
Ratios to average net assets of: |
| |||||||
Expenses | 0.20 | % | 0.20 | %3 | ||||
Net investment income | 1.57 | % | 1.68 | %3 | ||||
Portfolio turnover rate4 | 13 | % | 11 | % | ||||
| WisdomTree Cloud Computing Fund | For the Period September 6, 2019* through June 30, 2020 | |||
Net asset value, beginning of period | $ | 25.06 | ||
Investment operations: |
| |||
Net investment loss1 | (0.11 | ) | ||
Net realized and unrealized gain | 14.01 | |||
Total from investment operations | 13.90 | |||
Net asset value, end of period | $ | 38.96 | ||
TOTAL RETURN2 | 55.47 | % | ||
RATIOS/SUPPLEMENTAL DATA: |
| |||
Net assets, end of period (000’s omitted) | $ | 420,771 | ||
Ratios to average net assets of: |
| |||
Expenses | 0.45 | %3 | ||
Net investment loss | (0.43 | )%3 | ||
Portfolio turnover rate4 | 8 | % | ||
| * | Commencement of operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized for periods less than one year and period excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation. |
See Notes to Financial Statements.
| WisdomTree Trust | 95 |
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.
| 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 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 ESG Fund (“Emerging Markets ESG Fund’’) (formerly, WisdomTree Emerging Markets Dividend Fund) | April 7, 2016 | |||
WisdomTree International ESG Fund (“International ESG Fund’’) (formerly, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund) | November 3, 2016 | |||
WisdomTree U.S. Corporate Bond Fund (“U.S. Corporate Bond Fund’’) (formerly, WisdomTree Fundamental U.S. Corporate Bond Fund) | April 27, 2016 | |||
WisdomTree U.S. High Yield Corporate Bond Fund (“U.S. High Yield Corporate Bond Fund’’) (formerly, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund) | April 27, 2016 | |||
WisdomTree U.S. Short-Term Corporate Bond Fund (“U.S. Short-Term Corporate Bond Fund’’) (formerly, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund) | April 27, 2016 | |||
WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (“U.S. Short-Term High Yield Corporate Bond Fund’’) (formerly, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund) | April 27, 2016 | |||
WisdomTree 90/60 U.S. Balanced Fund (“90/60 U.S. Balanced Fund’’) | August 2, 2018 | |||
WisdomTree Cloud Computing Fund (“Cloud Computing Fund’’) | September 6, 2019 | |||
Each Fund, except the 90/60 U.S. Balanced Fund, Emerging Markets ESG Fund and International ESG 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. The 90/60 U.S. Balanced Fund, Emerging Markets ESG Fund and International ESG Fund are actively managed using a model-based approach. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified 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.
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
| 96 | WisdomTree Trust |
Notes to Financial Statements (continued)
rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities, may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. U.S. fixed income 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.
In certain instances, such as when reliable market valuations are not readily available, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.
Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Pricing Committee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates,
prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of
investments)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended (either due to events affecting the issuer of the security specifically or events affecting the primary trading exchange more broadly) or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an
| WisdomTree Trust | 97 |
Notes to Financial Statements (continued)
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 such financial instruments 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 summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.
During the fiscal year or period ended June 30, 2020, there were no significant transfers into or out of Level 3 of the fair value hierarchy.
Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as 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, equity futures contracts and interest rate futures contracts during the year or period ended June 30, 2020 and open positions in such derivatives as of June 30, 2020 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 may 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, 2020 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 in the table included in Note 2 — Master Netting Arrangements. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of June 30, 2020, if any, is reflected as a footnote within each Fund’s Schedule of Investments.
| 98 | WisdomTree Trust |
Notes to Financial Statements (continued)
As of June 30, 2020, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:
| Asset Derivatives | Liability Derivatives | |||||||||||
| Fund | Balance Sheet Location | Value | Balance Sheet Location | Value | ||||||||
Dynamic Currency Hedged International Equity Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | $ | 50,804 | Unrealized depreciation on foreign currency contracts | $ | 1,343,592 | ||||||
Dynamic Currency Hedged International SmallCap Equity Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 4,974 | Unrealized depreciation on foreign currency contracts | 303,706 | ||||||||
Emerging Markets ESG Fund |
| |||||||||||
Foreign exchange contracts | Unrealized appreciation on foreign currency contracts | 5 | Unrealized depreciation on foreign currency contracts | 1 | ||||||||
90/60 U.S. Balanced Fund |
| |||||||||||
Interest rate contracts | Unrealized appreciation on futures contracts* | 220,430 | 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 pages 101 and 102 for additional information regarding balance sheet location of balances associated with futures contracts. |
For the fiscal year or period ended June 30, 2020, 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 | $ | 3,471,648 | $ | 1,309,765 | ||||
Dynamic Currency Hedged International SmallCap Equity Fund |
| |||||||
Foreign exchange contracts | 879,352 | 23,249 | ||||||
Emerging Markets ESG Fund |
| |||||||
Foreign exchange contracts | (87,473 | ) | 4 | |||||
Equity contracts | 51,504 | — | ||||||
International ESG Fund |
| |||||||
Foreign exchange contracts | 133,221 | 317,929 | ||||||
Equity contracts | (838 | ) | — | |||||
90/60 U.S. Balanced Fund |
| |||||||
Interest rate contracts | 2,533,804 | 156,703 | ||||||
| 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 | |
Interest rate contracts | Net realized gain (loss) from futures contracts | |
Equity contracts | Net realized gain (loss) from futures contracts |
| 2 | Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows: |
Foreign exchange contracts | Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts | |
Interest rate contracts | Net increase (decrease) in unrealized appreciation/depreciation from futures contracts |
| WisdomTree Trust | 99 |
Notes to Financial Statements (continued)
During the fiscal year or period ended June 30, 2020, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:
| Average Notional | ||||||||||||
| Fund | Foreign currency contracts (to deliver USD) | Foreign currency contracts (to receive USD) | Futures contracts (long) | |||||||||
Dynamic Currency Hedged International Equity Fund |
| |||||||||||
Foreign exchange contracts | $ | 154,604,993 | $ | 300,826,972 | $ | — | ||||||
Dynamic Currency Hedged International SmallCap Equity Fund |
| |||||||||||
Foreign exchange contracts | 28,306,890 | 54,500,583 | — | |||||||||
Emerging Markets ESG Fund |
| |||||||||||
Equity contracts1 | — | — | 50,853 | |||||||||
Foreign exchange contracts | 8,016 | 221,001 | — | |||||||||
International ESG Fund |
| |||||||||||
Equity contracts1 | — | — | 6,115 | |||||||||
Foreign exchange contracts | 13,626,400 | 27,080,683 | — | |||||||||
90/60 U.S. Balanced Fund |
| |||||||||||
Interest rate contracts | — | — | 44,490,086 | |||||||||
| 1 | The volume of derivative activity for the period is based on intra-month balances. |
Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. 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 of net realized gain (loss) from investment transactions and net increase (decrease) in unrealized appreciation/depreciation from investment transactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.
Expenses/Reimbursements — Under the investment advisory agreement for each Fund, 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 patriation 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
| 100 | WisdomTree Trust |
Notes to Financial Statements (continued)
Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.
Acquired fund fees and expenses (“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.
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 and, prior to March 16, 2020, the International ESG Fund, do not expect to engage in currency transactions for the purpose of hedging against currency exposures 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 Contracts’’) primarily to dynamically offset exposures to foreign currencies consistent with each Fund’s investment objective. The Emerging Markets ESG Fund and the International ESG Fund utilized Forward Contracts to facilitate foreign security settlements. Prior to March 16, 2020, the International ESG Fund was known as the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (the “Former Fund”) and primarily utilized Forward Contracts to dynamically offset exposure to foreign currencies consistent with the Former Fund’s investment objective. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.
Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.
Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.
Futures Contracts — The 90/60 U.S. Balanced Fund utilized interest rate futures contracts to obtain long exposure to U.S. Treasury obligations consistent with its investment objective. The Emerging Markets ESG Fund and International ESG Fund utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with their investment objectives during each Fund’s periodic portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.
Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts, variation margin payments may be made or received when the futures contract expires. 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
| WisdomTree Trust | 101 |
Notes to Financial Statements (continued)
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.
As of June 30, 2020, there were no open equity futures contracts held by the Emerging Markets ESG Fund or the International ESG Fund. As of June 30, 2020, open interest rate futures contracts held by the 90/60 U.S. Balanced Fund are shown in the Fund’s Schedule of Investments.
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. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower. The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The securities lending income earned by the Funds is 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 — FASB ASC Topic 210 (“ASC 210”), Balance Sheet, requires disclosures 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. ASC 210 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. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.
In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), such as Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.
Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.
The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the
| 102 | WisdomTree Trust |
Notes to Financial Statements (continued)
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.
Each Fund’s futures contracts are all exchange traded and are not subject to master netting arrangements. Therefore, all futures contracts are excluded from the netting table herein.
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, 2020, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:
| Assets | Liabilities | |||||||||||||||||||||||||||||||
Gross Amounts Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | Gross Amounts Assets and | Gross Amounts Not Offset in the Statements of Assets and Liabilities | Net Amount | |||||||||||||||||||||||||||
| Fund | Financial Instruments | Collateral Received | Financial Instruments | Collateral Posted | ||||||||||||||||||||||||||||
Dynamic Currency Hedged International Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | $ | 9,617,480 | $ | — | $ | (9,617,480 | )1 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Foreign Currency Contracts | 50,804 | (31,336 | ) | — | 19,468 | 1,343,592 | (31,336 | ) | — | 1,312,256 | ||||||||||||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 4,902,610 | — | (4,902,610 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 4,974 | (4,974 | ) | — | — | 303,706 | (4,974 | ) | — | 298,732 | ||||||||||||||||||||||
Emerging Markets ESG Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 702,747 | — | (702,747 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Foreign Currency Contracts | 5 | — | — | 5 | 1 | — | — | 1 | ||||||||||||||||||||||||
U.S. Corporate Bond Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 2,243,324 | — | (2,243,324 | )1 | — | — | — | — | — | |||||||||||||||||||||||
U.S. High Yield Corporate Bond Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 9,564,013 | — | (9,564,013 | )1 | — | — | — | — | — | |||||||||||||||||||||||
U.S. Short-Term Corporate Bond Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 1,635,556 | — | (1,635,556 | )1 | — | — | — | — | — | |||||||||||||||||||||||
U.S. Short-Term High Yield Corporate Bond Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 3,200,739 | — | (3,200,739 | )1 | — | — | — | — | — | |||||||||||||||||||||||
Cloud Computing Fund | ||||||||||||||||||||||||||||||||
Securities Lending | 61,196,938 | — | (61,196,938 | )1 | — | — | — | — | — | |||||||||||||||||||||||
| 1 | The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. |
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
Emerging Market and Frontier Market Investments — Investments in securities listed and traded in emerging markets are subject to additional risks that may not be present for U.S. investments or investments in more developed non-U.S. markets. Such risks may include: (i) greater market volatility; (ii) lower trading volume; (iii) greater social, political and economic uncertainty; (iv) governmental controls on foreign investments and limitations on repatriation of invested capital; (v) the risk that companies may be held to lower disclosure, corporate governance, auditing and financial reporting standards than companies in more developed markets; and (vi) the risk that there may be less protection of property rights than in other countries. Emerging markets are generally less liquid and less efficient than developed securities markets.
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Notes to Financial Statements (continued)
The economies of “frontier markets” (e.g., Bahrain, Egypt, Jordan, Kuwait, Morocco, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) generally have lower trading volumes and greater potential for illiquidity and price volatility than more developed markets. These markets have a smaller number of issuers and participants and therefore may also be affected to a greater extent by the actions of a small number of issuers and investors. A significant change in cash flows investing in these markets could have a substantial effect on local stock prices and, therefore, prices of Fund shares. Investments in certain frontier market countries are restricted or controlled to varying extents. At times, these restrictions or controls may limit or prevent foreign investment and/or increase the investment costs and expenses of a Fund. Frontier markets may be subject to greater political instability, threat of war or terrorism and government intervention than more developed markets, including many emerging market economies. Frontier markets generally are not as correlated to global economic cycles as those of more developed countries. These and other factors make investing in the frontier market countries significantly riskier than investing in developed market and emerging market countries.
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”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.
3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds, except for U.S. Corporate Bond Fund, U.S. High Yield Corporate Bond Fund, U.S. Short-Term Corporate Bond Fund and U.S. Short-Term High Yield Corporate Bond Fund which are sub-advised by Voya Investment Management Co., LLC (‘‘Voya IM’’). Mellon and Voya IM are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.
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Notes to Financial Statements (continued)
WTAM expects to receive annual 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, 2020 | |||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 0.48 | % | (0.05 | )% | October 31, 2020 | |||||||
Emerging Markets ESG Fund | 0.32 | % | — | — | ||||||||
International ESG Fund | 0.30 | %3 | — | 4 | — | |||||||
U.S. Corporate Bond Fund | 0.28 | % | (0.10 | )% | October 31, 2020 | |||||||
U.S. High Yield Corporate Bond Fund | 0.48 | % | (0.10 | )% | October 31, 2020 | |||||||
U.S. Short-Term Corporate Bond Fund | 0.28 | % | (0.10 | )% | October 31, 2020 | |||||||
U.S. Short-Term High Yield Corporate Bond Fund | 0.48 | % | (0.10 | )% | October 31, 2020 | |||||||
90/60 U.S. Balanced Fund | 0.20 | % | — | — | ||||||||
Cloud Computing Fund2 | 0.45 | % | — | — | ||||||||
| 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 | Since the commencement of operations on September 6, 2019. |
| 3 | Prior to March 16, 2020, the advisory fee rate (before fee waiver) was 0.58% per annum. Effective March 16, 2020, the advisory fee rate (before fee waiver) was reduced to 0.30% per annum. |
| 4 | Prior to March 16, 2020, WTAM had 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. Effective March 16, 2020, the contractual waiver was terminated in relation to the change in the Fund’s objective and the advisory fee was lowered, as described in footnote 3 above. |
During the fiscal year ended June 30, 2020, the Dynamic Currency Hedged International Equity Fund and Dynamic Currency Hedged International SmallCap Equity Fund received a voluntary reimbursement of $289,663 and $49,940, respectively, from Mellon for investment losses on certain foreign exchange transactions. The dollar amount of the reimbursement is shown in the Statements of Operations in “Net realized gain from payment by sub-advisor”.
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the fiscal year ended June 30, 2020, as applicable, are included in an ‘‘Investment in Affiliates’’ supplementary table in each applicable Fund’s Schedule of Investments.
WTAM or its affiliates may from time to time own shares of a Fund. As of and for the fiscal year or period ended June 30, 2020, WTAM held shares of and received distributions from 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 | 1,192 | $ | 30,217 | $ | 1,341 | |||||||
Dynamic Currency Hedged International SmallCap Equity Fund | — | — | 6 | |||||||||
Emerging Markets ESG Fund | — | — | 440 | |||||||||
International ESG Fund | 169 | 4,144 | 38 | |||||||||
U.S. Corporate Bond Fund | 40 | 2,181 | 132 | |||||||||
U.S. High Yield Corporate Bond Fund | 380 | 18,498 | 821 | |||||||||
U.S. Short-Term Corporate Bond Fund | 253 | 13,084 | 324 | |||||||||
U.S. Short-Term High Yield Corporate Bond Fund | 65 | 3,049 | 152 | |||||||||
90/60 U.S. Balanced Fund | 155 | 4,738 | 87 | |||||||||
4. CAPITAL SHARE TRANSACTIONS
As of June 30, 2020, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of
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Notes to Financial Statements (continued)
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.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year or period ended June 30, 2020 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
| In-kind Capital Share Transactions | ||||||||||||||||
| Fund | Purchases | Sales | Purchases | Sales | ||||||||||||
Dynamic Currency Hedged International Equity Fund | $ | 44,986,208 | $ | 39,569,610 | $ | 22,157,624 | $ | 43,917,423 | ||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 11,960,936 | 10,085,123 | 21,926,144 | 11,930,388 | ||||||||||||
Emerging Markets ESG Fund | 61,760,795 | 62,268,056 | 4,946,874 | 11,219,972 | ||||||||||||
International ESG Fund | 30,861,892 | 30,521,562 | 1,295,905 | 10,647,516 | ||||||||||||
U.S. Corporate Bond Fund | 4,467,538 | 4,550,382 | 40,467,325 | 9,893,123 | ||||||||||||
U.S. High Yield Corporate Bond Fund | 7,556,762 | 7,797,145 | 49,374,903 | — | ||||||||||||
U.S. Short-Term Corporate Bond Fund | 4,744,282 | 5,014,059 | 13,931,763 | — | ||||||||||||
U.S. Short-Term High Yield Corporate Bond Fund | 9,248,733 | 9,500,844 | 4,963,252 | — | ||||||||||||
90/60 U.S. Balanced Fund | 12,798,309 | 9,105,439 | 214,968,656 | 30,395,296 | ||||||||||||
Cloud Computing Fund1 | 6,405,419 | 7,476,781 | 387,074,715 | 23,009,157 | ||||||||||||
| 1 | For the period September 6, 2019 (commencement of operations) through June 30, 2020. |
6. FEDERAL INCOME TAXES
At June 30, 2020, 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 Appreciation | Gross Unrealized Depreciation | Net Unrealized | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net | Total Net | ||||||||||||||||||||||||||||
Dynamic Currency Hedged International Equity Fund | $ | 221,012,499 | $ | 16,032,324 | $ | (34,403,808 | ) | $ | (18,371,484 | ) | $ | 1,734 | $ | (56,012 | ) | $ | (54,278 | ) | $ | (18,425,762 | ) | |||||||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 45,763,226 | 2,490,028 | (7,404,877 | ) | (4,914,849 | ) | 187 | (13,559 | ) | (13,372 | ) | (4,928,221 | ) | |||||||||||||||||||||||
Emerging Markets ESG Fund | 31,152,892 | 3,763,831 | (1,295,595 | ) | 2,468,236 | 5 | (1 | ) | 4 | 2,468,240 | ||||||||||||||||||||||||||
International ESG Fund | 15,781,142 | 2,622,752 | (104,316 | ) | 2,518,436 | — | — | — | 2,518,436 | |||||||||||||||||||||||||||
U.S. Corporate Bond Fund | 37,805,875 | 1,104,729 | (50,072 | ) | 1,054,657 | — | — | — | 1,054,657 | |||||||||||||||||||||||||||
U.S. High Yield Corporate Bond Fund | 73,050,146 | 532,532 | (2,278,664 | ) | (1,746,132 | ) | — | — | — | (1,746,132 | ) | |||||||||||||||||||||||||
U.S. Short-Term Corporate Bond Fund | 20,819,541 | 693,829 | (4,048 | ) | 689,781 | — | — | — | 689,781 | |||||||||||||||||||||||||||
U.S. Short-Term High Yield Corporate Bond Fund | 26,939,113 | 156,014 | (1,227,046 | ) | (1,071,032 | ) | — | — | — | (1,071,032 | ) | |||||||||||||||||||||||||
90/60 U.S. Balanced Fund | 193,940,426 | 24,268,850 | (1,033,019 | ) | 23,235,831 | — | — | — | 23,235,831 | |||||||||||||||||||||||||||
Cloud Computing Fund | 410,250,121 | 52,509,295 | (1,618,027 | ) | 50,891,268 | — | — | — | 50,891,268 | |||||||||||||||||||||||||||
| 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. |
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Notes to Financial Statements (continued)
At June 30, 2020, the components of total distributable earnings (loss) on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income | Undistributed Capital and Other Gains/ (Losses) | Net Unrealized (Depreciation) | Currency and Other Unrealized Appreciation/ (Depreciation) | Total | |||||||||||||||
Dynamic Currency Hedged International Equity Fund | $ | 965,877 | $ | (25,555,659 | ) | $ | (18,425,762 | ) | $ | 15,771 | $ | (42,999,773 | ) | |||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 258,728 | (4,921,682 | ) | (4,928,221 | ) | 686 | (9,590,489 | ) | ||||||||||||
Emerging Markets ESG Fund | 102,974 | (12,486,752 | ) | 2,468,240 | (1,109 | ) | (9,916,647 | ) | ||||||||||||
International ESG Fund | 58,410 | (4,870,662 | ) | 2,518,436 | 774 | (2,293,042 | ) | |||||||||||||
U.S. Corporate Bond Fund | 5,557 | 6,992 | 1,054,657 | — | 1,067,206 | |||||||||||||||
U.S. High Yield Corporate Bond Fund | — | (483,979 | ) | (1,746,132 | ) | — | (2,230,111 | ) | ||||||||||||
U.S. Short-Term Corporate Bond Fund | 67 | (3,435 | ) | 689,781 | — | 686,413 | ||||||||||||||
U.S. Short-Term High Yield Corporate Bond Fund | 12,064 | (688,875 | ) | (1,071,032 | ) | — | (1,747,843 | ) | ||||||||||||
90/60 U.S. Balanced Fund | 118,295 | 249,919 | 23,235,831 | — | 23,604,045 | |||||||||||||||
Cloud Computing Fund | — | (546,050 | ) | 50,891,268 | — | 50,345,218 | ||||||||||||||
The tax character of distributions paid during the fiscal years or periods ended June 30, 2020 and June 30, 2019, was as follows:
| Year or Periods Ended June 30, 2020 | Year or Periods Ended June 30, 2019 | |||||||||||||||||||
| Fund | Distributions Paid from Ordinary Income* | Distributions Paid from Long-Term Capital Gains | Distributions Paid from Return of Capital | Distributions Paid from Ordinary Income* | Distributions Paid from Long-Term Capital Gains | |||||||||||||||
Dynamic Currency Hedged International Equity Fund | $ | 6,668,730 | $ | — | $ | — | $ | 8,264,658 | $ | — | ||||||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 1,234,753 | — | — | 790,071 | — | |||||||||||||||
Emerging Markets ESG Fund | 1,732,870 | — | — | 1,392,048 | — | |||||||||||||||
International ESG Fund | 622,016 | 74,962 | — | 626,950 | 579,775 | |||||||||||||||
U.S. Corporate Bond Fund | 463,600 | — | — | 157,460 | — | |||||||||||||||
U.S. High Yield Corporate Bond Fund | 1,789,692 | — | 2,358 | 568,477 | 7,503 | |||||||||||||||
U.S. Short-Term Corporate Bond Fund | 270,700 | — | — | 122,743 | — | |||||||||||||||
U.S. Short-Term High Yield Corporate Bond Fund | 1,094,900 | — | — | 640,720 | — | |||||||||||||||
90/60 U.S. Balanced Fund | 1,013,157 | 113,596 | — | 59,123 | 1 | — | 1 | |||||||||||||
Cloud Computing Fund2 | — | — | — | — | — | |||||||||||||||
| * | Includes short-term capital gains, if any. |
| 1 | For the period August 2, 2018 (commencement of operations) through June 30, 2019. |
| 2 | For the period September 6, 2019 (commencement of operations) through June 30, 2020. |
At June 30, 2020, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
| Fund | Short-Term | Long-Term | Capital Loss Available Total | |||||||||
Dynamic Currency Hedged International Equity Fund | $ | 6,441,051 | $ | 19,114,608 | $ | 25,555,659 | ||||||
Dynamic Currency Hedged International SmallCap Equity Fund | 3,660,822 | 1,260,860 | 4,921,682 | |||||||||
Emerging Markets ESG Fund | 7,770,276 | 4,716,476 | 12,486,752 | |||||||||
International ESG Fund | — | — | — | |||||||||
U.S. Corporate Bond Fund | — | — | — | |||||||||
U.S. High Yield Corporate Bond Fund | 403,910 | 80,069 | 483,979 | |||||||||
U.S. Short-Term Corporate Bond Fund | 3,435 | — | 3,435 | |||||||||
U.S. Short-Term High Yield Corporate Bond Fund | 350,743 | 338,132 | 688,875 | |||||||||
90/60 U.S. Balanced Fund | — | — | — | |||||||||
Cloud Computing Fund | 367,946 | — | 367,946 | |||||||||
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, 2020, 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 SmallCap Equity Fund | — | — | — | |||||||||
Emerging Markets ESG Fund | — | — | — | |||||||||
International ESG Fund | — | 1,623,870 | 3,246,792 | |||||||||
U.S. Corporate Bond Fund | — | — | — | |||||||||
U.S. High Yield Corporate Bond Fund | — | — | — | |||||||||
U.S. Short-Term Corporate Bond Fund | — | — | — | |||||||||
U.S. Short-Term High Yield Corporate Bond Fund | — | — | — | |||||||||
90/60 U.S. Balanced Fund | — | — | — | |||||||||
Cloud Computing Fund1 | 178,104 | — | — | |||||||||
| 1 | For the period September 6, 2019 (commencement of operations) through June 30, 2020. |
During the fiscal year or period ended June 30, 2020, 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 SmallCap Equity Fund | — | |||
Emerging Markets ESG Fund | — | |||
International ESG Fund | — | |||
U.S. Corporate Bond Fund | 66,105 | |||
U.S. High Yield Corporate Bond Fund | — | |||
U.S. Short-Term Corporate Bond Fund | 17,782 | |||
U.S. Short-Term High Yield Corporate Bond Fund | — | |||
90/60 U.S. Balanced Fund | — | |||
Cloud Computing Fund1 | — | |||
| 1 | For the period September 6, 2019 (commencement of operations) through June 30, 2020. |
At June 30, 2020, 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 | $ | (474,331 | ) | $ | 474,331 | |||
Dynamic Currency Hedged International SmallCap Equity Fund | (1,146,303 | ) | 1,146,303 | |||||
Emerging Markets ESG Fund | (634,376 | ) | 634,376 | |||||
International ESG Fund | (665,049 | ) | 665,049 | |||||
U.S. Corporate Bond Fund | 369,769 | (369,769 | ) | |||||
U.S. High Yield Corporate Bond Fund | — | — | ||||||
U.S. Short-Term Corporate Bond Fund | — | — | ||||||
U.S. Short-Term High Yield Corporate Bond Fund | — | — | ||||||
90/60 U.S. Balanced Fund | (1,917,312 | ) | 1,917,312 | |||||
Cloud Computing Fund | (6,506,904 | ) | 6,506,904 | |||||
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 withholding taxes, as applicable, are accrued based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Foreign withholding taxes are accrued and applied to foreign income, net realized capital gains and net unrealized appreciation, as applicable, as the foreign
| 108 | WisdomTree Trust |
Notes to Financial Statements (concluded)
income is earned or capital gains and unrealized appreciation are recorded. As of and during the fiscal year or period ended June 30, 2020, 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, 2020, remains subject to examination by taxing authorities.
7. RECENT ACCOUNTING PRONOUNCEMENT
In March 2020, the FASB issued Accounting Standards Update No. 2020-04 (“ASU 2020-04”) Reference Rate Reform (Topic 848) — Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments in ASU 2020-04 provides optional temporary financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the London Interbank Offered Rate (LIBOR) and other interbank-offered based reference rates at the end of 2021. ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. WTAM is currently evaluating the impact that the adoption of ASU 2020-04 will have on the Trust’s financial statements and related disclosures.
8. ADDITIONAL INFORMATION
A recent outbreak of a respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally in a short period of time. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide have taken aggressive measures, including businesses canceling dividends to preserve cash, governments closing borders, restricting international and domestic travel, and the imposition of prolonged quarantines of large populations. COVID-19 has resulted in the disruption of and delays in the delivery of healthcare services and processes, the cancellation of organized events and educational institutions, the disruption of production and supply chains, a decline in consumer demand for certain goods and services, and general concern and uncertainty, all of which have contributed to increased volatility in global markets. The effects of COVID-19 have affected and are likely to continue to affect certain sectors and industries more dramatically than others, and the effects borne by some will negatively affect the value of the issuers in those sectors and industries, which may adversely affect the value of a Fund’s investments in those sectors or industries. COVID-19, and other epidemics and pandemics that may arise in the future, could adversely affect the economies of many nations, the global economy, individual companies and capital markets in ways that cannot be foreseen at the present time. In addition, the impact of infectious diseases in developing or emerging market countries may be greater due to limited health care resources. Political, economic and social stresses caused by COVID-19 also may exacerbate other pre-existing political, social and economic risks in certain countries. The duration of COVID-19 and its effects cannot be determined at this time, but the effects could be present for an extended period of time. It is impossible to predict the effects on the Funds of these or similar events and market conditions in the future. However, it is possible that these or similar events and market conditions could have a significant and adverse effect on the NAV and/or risk profile of a Fund.
| WisdomTree Trust | 109 |
Report of Independent Registered Public Accounting Firm
To the Shareholders of WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Emerging Markets ESG Fund (formerly, WisdomTree Emerging Markets Dividend Fund), WisdomTree International ESG Fund (formerly, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund), WisdomTree U.S. Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. Corporate Bond Fund), WisdomTree U.S. High Yield Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund), WisdomTree U.S. Short-Term Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund), WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund), WisdomTree 90/60 U.S. Balanced Fund and WisdomTree Cloud Computing 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 SmallCap Equity Fund, WisdomTree Emerging Markets ESG Fund (formerly, WisdomTree Emerging Markets Dividend Fund), WisdomTree International ESG Fund (formerly, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund), WisdomTree U.S. Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. Corporate Bond Fund), WisdomTree U.S. High Yield Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund), WisdomTree U.S. Short-Term Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund), WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund), WisdomTree 90/60 U.S. Balanced Fund and WisdomTree Cloud Computing Fund (collectively referred to as the “Funds”), (ten of the funds constituting WisdomTree Trust (the “Trust”)) including the schedules of investments, as of June 30, 2020, 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 (ten of the funds constituting WisdomTree Trust) at June 30, 2020, 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 | For the year ended June 30, 2020 | For each of the two years in the period ended June 30, 2020 | For each of the four years in the period ended June 30, 2020 and the period from January 7, 2016 (commencement of operations) through June 30, 2016 | |||
WisdomTree Emerging Markets ESG Fund (formerly, WisdomTree Emerging Markets Dividend Fund) | For the year ended June 30, 2020 | For each of the two years in the period ended June 30, 2020 | For each of the four years in the period ended June 30, 2020 and the period from April 7, 2016 (commencement of operations) through June 30, 2016 | |||
WisdomTree International ESG Fund (formerly, WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund) | For the year ended June 30, 2020 | For each of the two years in the period ended June 30, 2020 | For each of the three years in the period ended June 30, 2020 and the period from November 3, 2016 (commencement of operations) through June 30, 2017 | |||
WisdomTree U.S. Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. Corporate Bond Fund) WisdomTree U.S. High Yield Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund) WisdomTree U.S. Short-Term Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund) WisdomTree U.S. Short-Term High Yield Corporate Bond Fund (formerly, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund) | For the year ended June 30, 2020 | For each of the two years in the period ended June 30, 2020 | For each of the four years in the period ended June 30, 2020 and the period from April 27, 2016 (commencement of operations) through June 30, 2016 | |||
WisdomTree 90/60 U.S. Balanced Fund | For the year ended June 30, 2020 | For the year ended June 30, 2020 and the period from August 2, 2018 (commencement of operations) through June 30, 2019 | ||||
WisdomTree Cloud Computing Fund | For the period from September 6, 2019 (commencement of operations) through June 30, 2020 | |||||
| 110 | WisdomTree Trust |
Report of Independent Registered Public Accounting Firm (concluded)
Basis for Opinion
These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of June 30, 2020, 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, New York
August 20, 2020
| WisdomTree Trust | 111 |
Liquidity Risk Management Program (unaudited)
Effective June 1, 2019, the Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interests of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment adviser to the Funds, as the Program Administrator for each Fund’s Program.
The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-end fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.
The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.
Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.
During the period from June 1, 2019 to June 30, 2020, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.
Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Fund maintains sufficient highly liquid assets to meet expected Fund redemptions.
| 112 | WisdomTree Trust |
Trustees and Officers Information (unaudited)
Name | Position(s) Held with | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ | Other | ||||||
Trustees Who Are Interested Persons of the Trust | ||||||||||
Jonathan Steinberg (1964) | Trustee, 2005- present; President, 2005-present | Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019. | 66 | Director, WisdomTree Investments, Inc. and WisdomTree Asset Management. | ||||||
Trustees Who Are Not Interested Persons of the Trust | ||||||||||
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). | 66 | 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. | 66 | Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region). | ||||||
Toni Massaro*** (1955) | Trustee, 2006- present | Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean of 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. | 66 | 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. | 66 | Associate Alumnae of Douglass College, Chair of Investment Committee. | ||||||
Victor Ugolyn (1947) | Trustee, 2006- present; Chairman of the Board, 2006- present | Private Investor, from 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. | 66 | Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001- 2016). | ||||||
| WisdomTree Trust | 113 |
Trustees and Officers Information (unaudited) (concluded)
Name | Position(s) Held with | Principal Occupation(s) | Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ | Other | ||||||
Officers of the Trust | ||||||||||
Jonathan Steinberg***** (1964) | President, 2005- present; Trustee, 2005-present | Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019. | 66 | Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. | ||||||
David Castano***** (1971) | Treasurer, 2013- present | Head of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Director of Fund Accounting & Administration, WisdomTree Asset Management, 2011 to 2020. | 66 | None | ||||||
Terry Jane Feld***** (1960) | Chief Compliance Officer, 2012- present | Chief Compliance Officer, WisdomTree Asset Management since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011. | 66 | None | ||||||
Ryan Louvar***** (1972) | Secretary and Chief Legal Officer, 2013- present | General Counsel, WisdomTree Asset Management since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013. | 66 | None | ||||||
Joanne Antico***** (1975) | Assistant Secretary, 2018- present | Assistant General Counsel, WisdomTree Asset Management since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016. | 66 | None | ||||||
Clint Martin***** (1977) | Assistant Treasurer, 2015- present | Director of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, 2012 to 2020. | 66 | None | ||||||
| * | 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. |
| ***** | Elected by and serves at the pleasure of the Board. |
| 114 | WisdomTree Trust |
Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year or period ended June 30, 2020, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2021.
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, 2020, 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 | $ | 6,207,674 | ||
Dynamic Currency Hedged International SmallCap Equity Fund | 1,141,098 | |||
Emerging Markets ESG Fund | 1,056,099 | |||
International ESG Fund | 531,494 | |||
U.S. Corporate Bond Fund | — | |||
U.S. High Yield Corporate Bond Fund | — | |||
U.S. Short-Term Corporate Bond Fund | — | |||
U.S. Short-Term High Yield Corporate Bond Fund | — | |||
90/60 U.S. Balanced Fund | 1,013,157 | |||
Cloud Computing Fund1 | — | |||
| 1 | For the period September 6, 2019 (commencement of operations) through June 30, 2020. |
The Funds designate the following amount of ordinary income distributions paid during the fiscal year or period ended June 30, 2020 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 SmallCap Equity Fund | 0.00 | % | 0.00 | % | ||||
Emerging Markets ESG Fund | 0.00 | % | 0.00 | % | ||||
International ESG Fund | 100.00 | % | 0.00 | % | ||||
U.S. Corporate Bond Fund | 0.00 | % | 100.00 | % | ||||
U.S. High Yield Corporate Bond Fund | 0.00 | % | 100.00 | % | ||||
U.S. Short-Term Corporate Bond Fund | 0.00 | % | 100.00 | % | ||||
U.S. Short-Term High Yield Corporate Bond Fund | 0.00 | % | 100.00 | % | ||||
90/60 U.S. Balanced Fund | 100.00 | % | 0.00 | % | ||||
Cloud Computing Fund1 | 0.00 | % | 0.00 | % | ||||
| 1 | For the period September 6, 2019 (commencement of operations) through June 30, 2020. |
The following represents the percentage of dividends paid during the fiscal year or period ended June 30, 2020, 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 SmallCap Equity Fund | 0.41 | % | ||
Emerging Markets ESG Fund | — | |||
International ESG Fund | 0.06 | % | ||
U.S. Corporate Bond Fund | — | |||
U.S. High Yield Corporate Bond Fund | — | |||
U.S. Short-Term Corporate Bond Fund | — | |||
U.S. Short-Term High Yield Corporate Bond Fund | — | |||
90/60 U.S. Balanced Fund | 91.72 | % | ||
Cloud Computing Fund1 | — | |||
| 1 | For the period September 6, 2019 (commencement of operations) through June 30, 2020. |
| WisdomTree Trust | 115 |
Supplemental Information (unaudited) (concluded)
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, 2020. 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 | $ | 7,339,163 | $ | 453,916 | ||||
Dynamic Currency Hedged International SmallCap Equity Fund | 1,349,980 | 91,052 | ||||||
Emerging Markets ESG Fund | 1,767,021 | 212,067 | ||||||
International ESG Fund | 568,167 | 58,216 | ||||||
U.S. Corporate Bond Fund | — | — | ||||||
U.S. High Yield Corporate Bond Fund | — | — | ||||||
U.S. Short-Term Corporate Bond Fund | — | — | ||||||
U.S. Short-Term High Yield Corporate Bond Fund | — | — | ||||||
90/60 U.S. Balanced Fund | — | — | ||||||
Cloud Computing Fund1 | — | — | ||||||
| 1 | For the period September 6, 2019 (commencement of operations) through June 30, 2020. |
| 116 | WisdomTree Trust |
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent
12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
Previously, the Funds were 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 ceased filing Form N-Q and commenced filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters 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 at 1-866-909-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.
| WisdomTree Trust | 117 |
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 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.
This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.
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-3813
| 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 registrant, 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 $323,208 for 2020 and $374,142 for 2019. |
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 2020 and $0 for 2019. |
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 $133,161 for 2020 and $149,895 for 2019. |
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 2020 and $0 for 2019. |
| (e)(1) | Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.
Per Rule 2-01(c) (7) (A), the registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the registrant or to provide non-audit services to the registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the registrant’s principal accountant to the registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the registrant are compatible with maintaining the auditor’s independence.
| |||
| (e)(2) | The registrant’s audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. |
| (f) | The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%. |
| (g) | The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant was $133,161 for 2020 and $149,895 for 2019. |
| (h) | Not applicable. |
| Item 5. | Audit Committee of Listed Registrants. |
The registrant is an issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and has a separately-designated standing audit committee established in accordance with Section 3(a)(58)A of the Exchange Act. The registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.
Item 6. Investments.
| (a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
| (b) | Not applicable. |
| Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable.
| Item 8. | Portfolio Managers of Closed-End Management Investment Companies. |
Not applicable.
| Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not applicable.
| Item 10. | Submission of Matters to a Vote of Security Holders. |
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
| Item 11. | Controls and Procedures. |
| (a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
| (b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
| Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Not applicable.
| Item 13. | Exhibits. |
| (a)(1) |
| (a)(2) |
| (a)(3) | Not applicable. |
| (a)(4) | Not applicable. |
| (b) |
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: August 28, 2020 | ||||
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: August 28, 2020 | ||||
| By (Signature and Title) | /s/ David Castano | |||
David Castano, Treasurer | ||||
(principal financial officer) | ||||
Date: August 28, 2020 | ||||